National Council For State Authorization Reciprocity Agreemen
- Assets
- $12.9m
- Revenue
- $7.7m
- Investments
- $1.2m
- Employees
- 20
- Location
- Boulder, CO
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-4382124
Organization Overview
National Council For State Authorization Reciprocity Agreemen, operating under the name Nc - Sara, is located in Boulder, CO. The organization was established in 2015. According to its NTEE Classification (A05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, NC - Sara employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC - Sara 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 06/2022, NC - Sara generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 17.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL COUNCIL FOR STATE AUTHORIZATION RECIPROCITY AGREEMENTS (NC-SARA) IS COMMITTED TO SUPPORTING THE ESTABLISHMENT OF AN EFFECTIVE AND EFFICIENT STATE-LEVEL RECIPROCITY PROCESS THAT WILL ALLOW STUDENTS ACROSS THE COUNTRY TO ENJOY INCREASED ACCESS TO HIGHER EDUCATION OPPORTUNITIES AND WILL REFLECT THE CORE AIMS OF EFFICIENTLY ENSURING QUALITY PROGRAMS AND CONSUMER PROTECTION IN A RAPIDLY CHANGING EDUCATION LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NC-SARA IS WORKING TO ACHIEVE ITS MISSION BY DOING THE FOLLOWING: A. PROMOTING AND ADVANCING EFFORTS TO ENSURE INTER-REGIONAL ALIGNMENT ON CORE ELEMENTS AND REQUIREMENTS OF STATE AUTHORIZATION RECIPROCITY AGREEMENTS (SARA), WHILE ALSO MAINTAINING A LIMITED ROLE WITHIN THE OVERALL GOVERNANCE OF SARA;B. REPRESENTING THE FULL SPECTRUM OF STAKEHOLDERS IN THE HIGHER EDUCATION COMMUNITY, INCLUDING ALL INSTITUTIONAL SECTORS (INCLUDING, BUT NOT LIMITED TO, LARGE AND SMALL-SCALE DISTANCE EDUCATION PROVIDERS), REGIONAL AND NATIONAL ACCREDITATION AGENCIES, AND STATE OFFICIALS INCLUDING STATE REGULATORS AND STATE HIGHER EDUCATION EXECUTIVE OFFICERS.C. BUILDING PUBLIC AWARENESS OF AND SUPPORT FOR SARA THROUGH REGULAR COMMUNICATIONS TO THE FIELD;D. SERVING AS A FORUM FOR THE HIGHER EDUCATION COMMUNITY AT LARGE TO ADDRESS CONCERNS AND QUESTIONS AS THEY ARISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Williams PHD President & CEO | Officer | 37.5 | $262,666 |
Jeannie Yockey-Fine General Counsel | 37.5 | $194,339 | |
Mary Larson Med E.d. - Students And Institution | 37.5 | $175,226 | |
Melanie Booth Senior Director Of Education | 37.5 | $169,375 | |
Yovani Pina Director Of It | 37.5 | $167,355 | |
Marianne Boeke PHD Senior Director | 37.5 | $150,357 |
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 | $7,545,499 |
| Investment income | $192,193 |
| 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 | $7,738,196 |
| 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. | $1,160,562 |
| Compensation of current officers, directors, key employees. | $105,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,109,501 |
| Pension plan accruals and contributions | $120,464 |
| Other employee benefits | $200,669 |
| Payroll taxes | $151,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,863 |
| Fees for services: Accounting | $56,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $502,108 |
| Advertising and promotion | $0 |
| Office expenses | $87,652 |
| Information technology | $360,259 |
| Royalties | $0 |
| Occupancy | $237,161 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $442,570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,652 |
| Insurance | $0 |
| All other expenses | $25,684 |
| Total functional expenses | $8,086,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,805 |
| Savings and temporary cash investments | $2,680,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,851,150 |
| Net Land, buildings, and equipment | $110,822 |
| Investments—publicly traded securities | $6,255,539 |
| Investments—other securities | $1,212,136 |
| Investments—program-related | $0 |
| Intangible assets | $208,813 |
| Other assets | $14,668 |
| Total assets | $12,855,079 |
| Accounts payable and accrued expenses | $493,364 |
| Grants payable | $0 |
| Deferred revenue | $4,013,627 |
| 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 | $4,506,991 |
| Net assets without donor restrictions | $8,348,088 |
| Net assets with donor restrictions | $0 |
| 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 | $12,855,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
National Association Of Music Merchants Inc Carlsbad, CA | $38,472,951 | $7,155,207 |
The Tech Interactive San Jose, CA | $88,983,171 | $16,975,651 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Cheyenne Frontier Days Inc Cheyenne, WY | $31,016,567 | $28,437,784 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |