Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $2.2M paid to officers and key staff.
Jeffery E Crosby - 3’s $568K as President & CEO - Aes is at the 49th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jeffery E Crosby - 3 | $567,962 | $557,987 | $547,044 | — | — |
| Jeff Crosby 3 | — | — | — | $521,604 | $496,743 |
| Beth a Erickson - 3 | $326,486 | $316,742 | — | — | — |
| Jacqueline J Fairbairn - 3 | $326,146 | $314,735 | $302,969 | — | — |
| Beth a Erickson | — | — | $305,679 | — | — |
| Beth Erickson 3 | — | — | — | $300,765 | $284,373 |
| Jacqueline Fairbairn 3 | — | — | — | $298,454 | $278,698 |
| Amy Kobishop 3 | — | — | — | $284,526 | $275,086 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Funds national grants, guarantees student loans, and supports local community programs to increase access and success in post-secondary education.
Questions for Ascendium Education Solutions INC
Your first name shows with your question. Ascendium Education Solutions INC answers here, for everyone.
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Ascendium education solutions, inc. Operates to provide cost effective enablement of access to and success in post-secondary education by providing full-range guaranty agency services to educational institutions and others in pursuit of and participation in post-secondary education in accordance with the federal higher education act of…
Impact investing is one of the key ways we accomplish our mission to champion opportunity for everyone. Our investments advance change to postsecondary education and workforce training systems through new technologies and solutions so more learners can achieve their academic and career goals through education related venture equity and…
Ascendium education solutions, inc. Provides philanthropic support for local communities - where its employees live and work, primarily concentrated in madison, wisconsin. This support includes education-focused community giving, an employee giving program, and financial and personnel support for community services that align with our…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $215.1M | $137.7M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $351.5M | $222.6M |
| LiabilitiesLn 26 | $28.9M | $12.2M |
| Net assetsLn 32 | $322.6M | $210.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $117.6M | $117.6M | ||
| Grants to domestic individualsLn 2 | $1.6M | $1.6M | ||
| Pay of current officers, directors and key staffLn 5 | $1.8M | $944K | $854K | |
| Other salaries and wagesLn 7 | $10.7M | $10.1M | $566K | |
| Pension plan contributionsLn 8 | $907K | $859K | $48K | |
| Other employee benefitsLn 9 | $2.1M | $2.0M | $113K | |
| Payroll taxesLn 10 | $736K | $697K | $39K | |
| Legal feesLn 11b | $537K | $537K | ||
| Accounting feesLn 11c | $69K | $69K | ||
| Investment management feesLn 11f | $1K | $1K | ||
| Other fees for servicesLn 11g | $1.8M | $1.8M | $0 | $0 |
| Advertising and promotionLn 12 | $398K | $398K | ||
| Office expensesLn 13 | $968K | $968K | ||
| Information technologyLn 14 | $4.1M | $4.1M | ||
| TravelLn 17 | $186K | $152K | $34K | |
| Conferences, conventions and meetingsLn 19 | $32K | $32K | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $25.7M | $14.2M | $11.5M | |
| All other expensesLn 24e | $48K | $48K | $0 | $0 |
| Total functional expensesLn 25 | $169.3M | $155.5M | $13.8M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $267.0M | $169.3M | $97.7M | $210.4M | 990 PDF |
| FY2023 | $298.2M | $119.5M | $178.7M | $322.6M | 990 PDF |
| FY2022 | $388.9M | $166.6M | $222.4M | $243.8M | 990 PDF |
| FY2021 | $467.3M | $204.8M | $262.5M | $66.7M | 990 PDF |
| FY2020 | $427.3M | $313.2M | $114.0M | $104.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $266,994,248 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $266,994,248 across 6 lines filed
Part IX · Statement of functional expenses $169,298,500 across 19 lines filed
Part X · Balance sheet $222,593,303 assets, 14 lines filed
Part XI · Reconciliation of net assets $210,396,341 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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