National Postsecondary Strategy Institute
- Assets
- $549.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 06/2019
- Data as of
- 06/2023
- EIN
- 83-2012184
Organization Overview
National Postsecondary Strategy Institute is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, National Postsecondary Strategy Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Postsecondary Strategy Institute 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 06/2023, National Postsecondary Strategy Institute generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 45.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF EDUCATION AND LESSENING THE BURDENS OF GOVERNMENT BY ASSISTING PUBLIC SCHOOL DISTRICTS, CHARTER MANAGEMENT ORGANIZATIONS, AND NOT-FOR-PROFIT ORGANIZATIONS IN DEVELOPING AND IMPLEMENTING COLLEGE AND CAREER READINESS STRATEGIES TO INCREASE THE NUMBER OF STUDENTS--PARTICULARLY FIRST-GENERATION, LOW-INCOME, AND MINORITY STUDENTS--ENTERING AND BEING SUCCESSFUL IN POSTSECONDARY INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL POSTSECONDARY STRATEGY INSTITUTE OFFERS NATIONAL CONFERENCES, REGIONAL CONFERENCES AND WEBINARS TO SUPPORT SCHOOL DISTRICTS IN DEVELOPING THEIR POSTSECONDARY FRAMEWORK AND STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Darnieder Board Chair | OfficerTrustee | 2 | $0 |
Kelly Sparks President | OfficerTrustee | 2 | $0 |
Joyce Brown Secretary | OfficerTrustee | 1 | $0 |
Joanne Pearlman Treasurer | OfficerTrustee | 1 | $0 |
Eric Waldo Director | Trustee | 1 | $0 |
Robyn Hadley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maple Grove Objective Consulting For Management Services And C | 6/29/23 | $195,000 |
Joyce V Brown Consulting Group Consulting For Management Services And C | 6/29/23 | $195,000 |
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 | $497,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,432 |
| Total Program Service Revenue | $717,984 |
| Investment income | $0 |
| 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 | $1,215,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $55,109 |
| Compensation of current officers, directors, key employees. | $1,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585,966 |
| Advertising and promotion | $1,032 |
| Office expenses | $6,806 |
| Information technology | $5,210 |
| Royalties | $0 |
| Occupancy | $1,310 |
| Travel | $18,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,598 |
| All other expenses | $5,083 |
| Total functional expenses | $1,043,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $17,400 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,505 |
| Total assets | $548,952 |
| Accounts payable and accrued expenses | $52,602 |
| 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 | $125,000 |
| Total liabilities | $177,602 |
| Net assets without donor restrictions | $59,350 |
| Net assets with donor restrictions | $312,000 |
| 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 | $548,952 |