Veterans Education Success Inc
- Assets
- $4.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Bethesda, MD
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2070196
Organization Overview
Veterans Education Success Inc is located in Bethesda, MD. The organization was established in 2013. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Veterans Education Success Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Education Success 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 12/2021, Veterans Education Success Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 35.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY: PROVIDE POLICY ANALYSIS, EXPERTISE AND INFORMATION TO ASSIST FEDERAL AND STATE GOVERNMENT IN ADVANCING HIGHER EDUCATION SUCCESS FOR VETERANS, SERVICE MEMBERS AND THEIR FAMILIES AND SURVIVORS; IMPROVING COLLEGE QUALITY; AND STOPPING DECEPTIVE COLLEGE RECRUITING AND FRAUD BY PREDATORY COLLEGES.
FREE HELP FOR VETERANS: PROVIDE FREE ASSISTANCE AND COLLEGE AND CAREER COUNSELING TO APPROXIMATELY 5,000 VETERANS, SERVICE MEMBERS AND THEIR FAMILIIES AND SURVIVORS (WITH APPROXIMATELY 10 NEW INCOMING VETERANS EACH WEEK) WHO NEED HELP WITH THEIR GI BILL OR PROBLEMS WITH THEIR POSTSECONDARY INSTITUTION OR WHO WERE VICTIMS OF PREDATORY COLLEGE RECRUITING AND FRAUD; HELP THEM CONNECT TO FEDERAL AND STATE GOVERNMENT RESOURCES. ALSO ASSIST WHISTLEBLOWERS IN CONNECTING WITH FEDERAL AND STATE LAW ENFORCEMENT.CIVIC ENGAGEMENT: BRINGING VETERANS, SERVICE MEMBERS AND MILITARY FAMILIES TO SHARE THEIR STORIES WITH GOVERNMENT OFFICIALS AND GET HELP FROM THEIR GOVERNMENT.
RESEARCH: CONDUCT NONPARTISAN, ACADEMIC RESEARCH INTO ISSUES OF PRIME IMPORTANCE TO STUDENT VETERANS, SERVICE MEMBERS AND THEIR FAMILIES, INCLUDING STUDENT OUTCOMES UNDER THE GI BILL.
TECHNICAL ASSISTANCE TO COLLEGES: TECHNICAL ASSISTANCE TO COLLEGES IN ADMINISTERING THE GI BILL AND NAVIGATING THE U.S. DEPARTMENT OF VETERANS AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Wofford President | OfficerTrustee | 55 | $136,408 |
Ricki Seidman Vice President (until March 2021) | OfficerTrustee | 0.5 | $0 |
Tom Tarantino Secretary | OfficerTrustee | 0.5 | $0 |
Dan Smith Vice President (began March 2021) | OfficerTrustee | 0.5 | $0 |
Bethany Little Treasurer | OfficerTrustee | 0.5 | $0 |
Dan Carey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,172,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,331,200 |
| Total Program Service Revenue | $0 |
| Investment income | $5,591 |
| 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 | $3,336,791 |
| 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. | $159,078 |
| Compensation of current officers, directors, key employees. | $50,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $762,219 |
| Pension plan accruals and contributions | $8,332 |
| Other employee benefits | $77,748 |
| Payroll taxes | $68,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,615 |
| Fees for services: Accounting | $25,055 |
| Fees for services: Lobbying | $4,058 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,481 |
| Advertising and promotion | $68,689 |
| Office expenses | $11,555 |
| Information technology | $8,754 |
| Royalties | $0 |
| Occupancy | $700 |
| Travel | $3,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,286 |
| All other expenses | $0 |
| Total functional expenses | $1,537,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $3,046,625 |
| Pledges and grants receivable | $1,482,068 |
| Accounts receivable, net | $9,500 |
| 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 | $3,844 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,542,087 |
| Accounts payable and accrued expenses | $60,862 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $60,862 |
| Net assets without donor restrictions | $2,467,085 |
| Net assets with donor restrictions | $2,014,140 |
| 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 | $4,542,087 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Veterans Education Success Inc has recieved totaling $375,000.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $300,000 |
Disabled American Veterans Charitable Service Trust Erlanger, KY PURPOSE: Legal | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Study Of Services Washington, DC | $11,715,513 | $16,033,912 |
American Bridge 21st Century Foundation Washington, DC | $2,285,446 | $9,934,660 |
National Governors Association Center For Best Practices Washington, DC | $36,736,183 | $16,037,440 |
Nreca Research Arlington, VA | $5,324,315 | $13,693,671 |
National Center On Education & The Economy Washington, DC | $72,771,895 | $12,008,332 |
National Center For Public Policy Research Inc Washington, DC | $2,951,732 | $13,112,904 |
Commonwealth Foundation For Public Policy Alternatives Harrisburg, PA | $4,571,108 | $7,295,526 |
Pulitzer Center On Crisis Reporting Washington, DC | $35,485,888 | $10,738,135 |
The Niskanen Center Inc Washington, DC | $8,745,910 | $12,163,223 |
Center For Us Global Leadership Washington, DC | $11,787,510 | $8,283,282 |
Tax Foundation Washington, DC | $6,089,846 | $6,514,082 |
The Third Way Foundation Inc Washington, DC | $12,806,681 | $7,131,320 |