Ascendium Education Solutions Inc

Organization Overview

Ascendium Education Solutions Inc is located in Madison, WI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2019, Ascendium Education Solutions Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Ascendium Education Solutions Inc generated $511.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $319.2m during the year ending 12/2019. While expenses have increased by 24.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ascendium Education Solutions Inc has awarded 756 individual grants totaling $209,040,591. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

OPERATES TO PROVIDE COST EFFECTIVE ACCESS TO POST-SECONDARY EDUCATION BY PROVIDING GUARANTY, FINANCIAL COUNSELLING AND RELATED SERVICES TO SUPPORT STUDENT LOAN AVAILABILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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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$487,441,800
Investment income $15,018,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$19,652
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $511,268,683

Grants Awarded

Over the last fiscal year, Ascendium Education Solutions Inc has awarded $113,289,317 in support to 133 organizations.

Grant RecipientAmount

STRADA EDUCATION NETWORK INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: support their philanthropic efforts pursuant to the December 6, 2016 transfer of ownership of United Student Aid Funds and Northwest Education Loan Association from USA Funds (now Strada) to Ascendium.

$87,120,164

EDUCATION COMMISSION OF THE STATES

Org PageRecipient Profile

Denver, CO

PURPOSE: Strong Start to Finish Implementation & Innovation Fund

$2,875,000

New York, NY

PURPOSE: College Promise Initiative; Multiple measures assessment Phase II Project; Evaluation of 15-18 CRI. Encouraging additional summer enrollment program; Applying the Evidence: Expanding Evidence-Based Strategies Across the Minnesota State System; Piloting an Income Share Agreement that Serves Low-Income Students

$1,813,695

INSTITUTE FOR HIGHER EDUCATION POLICY

Org PageRecipient Profile

Washington, DC

PURPOSE: Degrees When Due Initiative; Ensuring High Quality Higher Education in Prison Programs

$1,480,793

AZ BOARD OF REGENTS ON BEHALF OF AZ STATE UNIV

PURPOSE: Feasibility Testing with a clear and affordable path to a bachelor's degree by combining the scalability of an online learning environment with local supports.

$1,280,626

ASPEN INSTITUTE INC

Org PageRecipient Profile

Washington, DC

PURPOSE: Strengthening Guided Pathways through Workforce Tackling Transfer Phase II Justice Convening at Aspen

$1,188,600
View Grant Profile

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