Ascendium Education Solutions
Ascendium Education Solutions
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About this organization
Mission
Ascendium Education Solutions is the nation’s largest student loan guarantor as well as a leading higher education philanthropy and provider of student success services for postsecondary institutions. Its grant funding is aimed at exploring, validating and scaling evidence-based strategies for overcoming systemic obstacles to completion of postsecondary education, particularly for students from historically underserved populations. All of Ascendium’s operations are grounded in the belief that every individual has potential to contribute meaningfully to their community and society. The organization works to unleash that potential through the power of higher education, and to eliminate barriers that stand in the way of its fulfillment.
About
Ascendium Education Solutions, Inc. operates to provide for philanthropic support and cost effective enablement of access to and persistence in post-secondary education by providing full-range guaranty agency services and grant support to funding sources, educational institutions, charitable organizations, and others to broaden federally guaranteed loan availability and pursuit of and participation in post-secondary education in accordance with the Federal Higher Education Act of 1965, as amended.
Interesting data from their 2020 990 filing
The non-profit's mission, as described in the filing, is “Ascendium education solutions, inc. operates to provide for philanthropic support and cost effective enablement of access to and persistence in post-secondary education by providing full-range guaranty agency services and grant support to funding sources, educational institutions, charitable organizations, and others to broaden federally guaranteed loan availability and pursuit of and participation in post-secondary education in accordance with the federal higher education act of 1965, as amended. this mission statement has been reviewed, acknowledged and informally approved by the board.”.
When describing its duties, they were characterized as: “Operates to provide cost effective access to post-secondary education by providing guaranty, financial counselling and related services to support student loan availability.”.
- The non-profit has complied with legal regulations by reporting their state of operation as WI.
- The filing shows that the non-profit's address as of 2020 is 2501 International Lane, Madison, WI, 53704.
- As of 2020, the non-profit has reported a total of 234 employees on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $192,030,736.
- The compensation of the CEO of the organization is subject to review and approval by an independent body.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 1996.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $18,374,613 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.