National Council Of Higher Education Loan Programs Inc
- Assets
- $863.7k
- Revenue
- $914.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 54-1204566
Organization Overview
National Council Of Higher Education Loan Programs Inc, operating under the name Ncher, is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2023, Ncher employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncher is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ncher generated $914.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPERIOR ADVOCACY, COMMUNICATIONS, REGULATORY ANALYSIS AND ENGAGEMENT, AND OPERATIONAL SUPPORT TO ITS MEMBERS SO THEY MAY EFFECTIVELY HELP STUDENTS AND FAMILIES DEVELOP, PAY FOR, AND ACHIEVE THEIR CAREER, TRAINING, AND POSTSECONDARY EDUCATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCHER PROVIDES ADVOCACY ACTIVITIES ON BEHALF OF STATE, NONPROFIT, AND PRIVATE ORGANIZATIONS INVOLVED IN FEDERAL AND PRIVATE STUDENT LOAN PROGRAMS AND COLLEGE ACCESS AND SUCCESS INITIATIVES, THROUGH ITS ONGOING INVOLVEMENT AND OUTREACH WITH CONGRESS, THE WHITE HOUSE, THE U.S. DEPARTMENT OF EDUCATION, THE CONSUMER FINANCIAL PROTECTION BUREAU, THE FEDERAL COMMUNICATIONS COMMISSION, AND OTHER FEDERAL AGENCIES, ASSOCIATIONS, AND ORGANIZATIONS ENGAGED IN HIGHER EDUCATION FINANCING AND POLICY.
THE COMMITTEE PROGRAMS ADDRESS OPERATIONAL AND REGULATORY ISSUES OF INTEREST TO THE STUDENT LOAN AND GRANT COMMUNITY. THE ORGANIZATIONS MAIN COMMITTEES CONSIST OF THE: COLLEGE ACCESS AND SUCCESS COMMITTEE, LEGAL AFFAIRS AND COMPLIANCE COMMITTEE, PRIVATE EDUCATION LOAN AND CONSUMER FINANCE COMMITTEE, AND FEDERAL PROGRAM AND REGULATIONS COMMITTEE.
NCHER HOLDS TWO MAJOR EDUCATIONAL CONFERENCES EACH YEAR, WHICH SPANS ACROSS THE DIVERSE MEMBERSHIPS NEEDS AND ADDRESSES THEIR AREAS OF EXPERTISE. THE NCHER LEGISLATIVE AND LEADERSHIP CONFERENCE IS GEARED TOWARD EXECUTIVE LEVEL STAFF IN AN EFFORT TO KEEP THEM ABREAST OF FEDERAL AND STATE DEVELOPMENTS IMPACTING THE HIGHER EDUCATION FINANCE INDUSTRY. THE NCHER ANNUAL CONFERENCE IS OPEN AND DESIGNED FOR EVERYONE ACROSS THE INDUSTRY AND PROVIDES ATTENDEES WITH AMPLE OPPORTUNITIES TO NETWORK, LEARN, AND TAKE INFORMATION BACK HOME THAT THEY CAN USE IN THEIR CURRENT JOBS FROM HEARING ABOUT THE CURRENT TRENDS AND HOT TOPICS TO EXPLORING NEW AND POTENTIAL BUSINESS OPPORTUNITIES.
NCHER PROVIDES MEMBERSHIP AND PROGRAM SERVICES TO ITS MEMBERS IN AN EFFORT TO KEEP THEM APPRISED OF FEDERAL, STATE, AND INDUSTRY ACTIONS AND DEVELOPMENTS THROUGH PUBLICATION OF THE NCHER BRIEFING, MONTHLY CONFERENCE CALLS, INDUSTRY-FOCUSED WEBINARS, AND OTHER INITIATIVES IN SUPPORT OF THEIR PUBLIC MISSIONS TO ASSIST STUDENTS AND FAMILIES ACCESS AND COMPLETE POSTSECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bergeron President-Secretaryceo | Officer | 40 | $421,784 |
Stefanie Gramm Director Operations And Meet | 40 | $135,015 | |
Melissa Neal Director At-Large | Trustee | 1 | $0 |
Scott A Giles Director At-Large | Trustee | 1 | $0 |
Ron Gambill Director At-Large | Trustee | 1 | $0 |
Diana Barber Director At-Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vicki Shipley Consulting | 6/29/23 | $133,688 |
Penn Hill Group Consulting | 6/29/23 | $144,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $883,633 |
| Investment income | $23,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,906 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $914,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $421,784 |
| Compensation of current officers, directors, key employees. | $123,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,302 |
| Pension plan accruals and contributions | $34,756 |
| Other employee benefits | $70,523 |
| Payroll taxes | $29,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,637 |
| Fees for services: Accounting | $25,896 |
| Fees for services: Lobbying | $83,833 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $234,876 |
| Advertising and promotion | $0 |
| Office expenses | $10,814 |
| Information technology | $21,656 |
| Royalties | $0 |
| Occupancy | $2,154 |
| Travel | $33,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,960 |
| All other expenses | $0 |
| Total functional expenses | $1,250,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,228 |
| Savings and temporary cash investments | $13,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $517,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $863,659 |
| Accounts payable and accrued expenses | $109,310 |
| Grants payable | $0 |
| Deferred revenue | $508,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $617,710 |
| Net assets without donor restrictions | $245,949 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $863,659 |