NonprofitsAscendium Education Solutions Inc

Education

Ascendium Education Solutions Inc

MADISON, WI

Total revenue

$267.0M

Total expenses

$169.3M

Net assets

$210.4M

Grants received

$61.1M

1 grants

EIN

391853833

Tax year

2024

Mission

Supports increased access to and success in post-secondary education as a national grantmaker, a federal student loan guaranty agency and a provider of student success services.

Programs

4 programs

Impact investing is one of the key ways we accomplish our mission to champion opportunity for everyone. Our investments advance change to postsecondary education and workforce training systems through new technologies and solutions so more learners can achieve their academic and career goals through education related venture equity and debt investments.

Expenses: $512KGrants: $266K

Ascendium education solutions, inc. Provides philanthropic support for local communities - where its employees live and work, primarily concentrated in madison, wisconsin. This support includes education-focused community giving, an employee giving program, and financial and personnel support for community services that align with our education focus. Community giving efforts focus on supporting local community service organizations and post secondary institutions. The ascendium cares program features an annual employee charity fundraising drive, a volunteer time-off program, and financial matching for time and funds donated to eligible nonprofits. Other services include free training and meeting space support for local nonprofits.

Expenses: $45KGrants: $3.7M

Ascendium's education philanthropy focuses on increasing opportunity for upward economic mobility for learners from low-income backgrounds through high-quality postsecondary education and workforce training. Grantmaking and related activities support innovation, evaluation and evidence-building, and scaling solutions that are proven to help more learners achieve strong career outcomes. Ascendium also maintains philanthropic initiatives focused on the success of learners who experience greater barriers to upward mobility, including rural learners and those experiencing incarceration.

Expenses: $33KGrants: $109.2M

Ascendium's tools of the trade scholarship program provides funding to apprentices for expenses related to their training, including the purchase of tools, equipment, tuition and more. This is the tenth year of our tools of the trade scholarship program. Since 2013 the program has provided over $5 million in scholarships to eligible construction abd industrial trade apprentices enrolled at a wisconsin technical college system (wcts) college.

Grants: $1.6M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$253.4M
Investment income$10.8M
Other revenue$2.7M
Total revenue$267.0M

Expenses

Grants paid$119.3M
Salaries & benefits$16.2M
Fundraising
Other expenses$33.8M
Total expenses$169.3M
Total assets$222.6M
Net assets$210.4M

People

23 listed

NameRoleCompensation

Jeffery E Crosby - 3

PRESIDENT & CEO - AES

Board

$568K

30 hrs/wk

Beth A Erickson - 3

VP - REPAYMENT SOLUTIONS

Board

$326K

45 hrs/wk

Jacqueline J Fairbairn - 3

VP - POL & REG COMPLIANCE

Board

$326K

44 hrs/wk

Jeffrey S Dick - 3

SYSTEMS ANALYST

Board

$181K

45 hrs/wk

Barbara A Wilhelm - 3

DIRECTOR - CLAIMS REVIEW

Board

$166K

45 hrs/wk

Caralyn A Hansen - 3

ATTIGO SR MKTG STRATEGIST

Board

$162K

45 hrs/wk

Carmen N Rieg - 3

DIRECTOR - RECOVERY ADMIN

Board

$153K

45 hrs/wk

Roger A Eldridge - 3

NATIONAL SALES DIRECTOR

Board

$149K

45 hrs/wk

CYNTHIA WALSH - 1

DIRECTOR

Board

$46K

3 hrs/wk

SCOTT KLUG - 1

DIRECTOR

Board

$28K

1 hrs/wk

DARREN KING - 1

DIRECTOR

Board

$23K

1 hrs/wk

RICHARD A WEISS - 1

DIRECTOR - SECRETARY

Board

$23K

1 hrs/wk

MARIA GONZALEZ-KNAVEL - 1

DIRECTOR

Board

$23K

1 hrs/wk

LESLIE LENZO - 1

DIRECTOR

Board

$23K

1 hrs/wk

DAVID J HANSON - 1

DIRECTOR

Board

$23K

1 hrs/wk

EMERSON BRUMBACK - 1

DIRECTOR - VICE CHAIRMAN

Board

$19K

1 hrs/wk

Rebecca E Rapp - 3

GEN CNSL & ASST SECRETARY

Board

14 hrs/wk

Richard D George - 23

CHAIRMAN & TREASURER

Board

17 hrs/wk

Brett G Lindquist - 3

VP - STRATEGIC COMMUNICATIONS

Board

39 hrs/wk

Matthew R Harlowe - 3

DIRECTOR - INTERNAL AUDIT

Board

2 hrs/wk

Maureen L Harrill - 3

VP - HUMAN RESOURCES

Board

33 hrs/wk

Hope E Merry - 3

CHIEF FINANCIAL OFFICER

Board

23 hrs/wk

Eric C Maly - 3

VP - INFO SECURITY AND TECH

Board

33 hrs/wk

Independent contractors

COVINGTON & BURLING LLP

LEGAL SERVICES

$323K

EVALUATION AND ASSESSMENT SOLUTIONS FOR EDUCATION

Evaluation and Assessment Solutions for Education LLC

$161K

SENIOR CLASS PROJECT LLC

Documentary

$150K

YOURCAUSE HOLDING LLC

Software Provider

$130K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$61.1M
Fund Ascendium Education Solution, Inc. grant program
2022

Funded by

$61.1M from 1 funder · 1 grant · 2022

Ascendium Education Group Inc

$61.1M · 1 grant · 2022

Details

EIN391853833
NTEE codeB82Z
Subsection03
Ruling date1997-02
Formed1996
Employees163
Volunteers0
ASCENDIUM EDUCATION SOLUTIONS INC — Mission, Financials & Grants Received | Grantivo