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 12/2021, Ascendium Education Solutions Inc employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascendium Education Solutions Inc 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 12/2020, Ascendium Education Solutions Inc generated $427.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $313.2m during the year ending 12/2020. While expenses have increased by 20.0% per year over the past 6 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 1,086 individual grants totaling $416,221,237. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

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 SUCESS SERVICES

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kaplan Hecker Fink Llp
Legal Services
$332,309
Godfrey Kahn Sc
Legal Services
$364,403
Brownstein Hyatt Farber Schreck Llp
Legal Services
$125,311
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $914,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $427,280,088

Grants Awarded

Over the last fiscal year, Ascendium Education Solutions Inc has awarded $107,113,158 in support to 181 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.

$66,090,349

JOBS FOR THE FUTURE INC

Org PageRecipient Profile

Boston, MA

PURPOSE: Horizons: Designing Jobs for the Future Identification of a Signature Statewide Initiative in Wisconsin Ready for Pell Scaling the Student Success Center Network Coaching Program

$2,881,684

ASPEN INSTITUTE INC

Org PageRecipient Profile

Washington, DC

PURPOSE: Accelerating Transfer Reform; Researching and Awarding Excellence in Rural Community Colleges; Strengthening Guided Pathways through Workforce

$1,911,225

TEACHERS COLLEGE COLUMBIA UNIVERSITY

Org PageRecipient Profile

New York, NY

PURPOSE: Bringing to Scale and Measuring the Effects of Guided Pathways Reforms by Ohio's Community Colleges; Guided Pathways: "What and How To" Educational Series; Paving the Way to Equitable, Adequate, and Effective Community College Funding; Reporting of Postsecondary Education

$1,666,709

MINNESOTA STATE COLLEGES & UNIVERSITIES

PURPOSE: Minnesota Math Pathways

$1,646,700

EDUCATION DESIGN LAB

Org PageRecipient Profile

Washington, DC

PURPOSE: Catalyzing Rural Community Colleges Through a Design Challenge Community College Growth Engine Fund Expansion

$1,450,800
View Grant Profile

Peer Organizations

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