Hers-Higher Education Resource Services FY2023 filing

Tax-deductible

Denver, CO501(c)(3)Since 2004EducationEIN 83-0395730

Hers is dedicated to creating and sustaining a diverse community of leaders through leadership development programs and other strategies, with a commitment to achieving equity, inclusivity and excellence in higher education.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$222K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $141K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$222K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $80K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+16% vs prior year
Spent
$2.5M
To programs
51%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$2.3M
FY2023▲ +16%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$2.0M
FY2023$2.3M
FY2024$3.9M
FY2024$2.2M
Expenses
$2.5M
FY2023▲ +27%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.4M
FY2022$1.9M
FY2023$2.5M
FY2024$2.6M
FY2024$2.6M
Net assets
$1.7M
FY2023▼ -3%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.8M
FY2023$1.7M
FY2024$3.2M
FY2024$2.9M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $1.3M Management & general 34% · $842K Fundraising 14% · $350K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

18 people listed on the 990; $222K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$221,704Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gloria Thomas’s $260K as President is at the 92nd percentile of top reported officer pay among 3395 $1–10M 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Gloria Thomas$259,928$206,828$221,704$205,040——
Verna Fitzsimmons—————$212,178
Shannon B Lundeen$188,847$160,329————
Raymonda Byrgman—————$127,972
Raymonda Burgman————$121,797—
Carolyn Landis————$115,496—

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.

See Hers-Higher Education Resource Services executive salaries →

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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 15aYes

Programs and updates

Develops women leaders for equitable, inclusive excellence in higher education.

Provided by the organization

This section is blank until Hers-Higher Education Resource Services claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2022.
01

Hers (higher education resource services) is a leadership development and research organization dedicated to creating and sustaining a diverse network of leaders in higher education. Hers programs are open to all genders who support this mission, hers historically focused on offering programs for women leaders in higher education.

$1.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Ecmc FoundationFY2024$25K
Total grants receivedfrom 3 funders$80K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$88K
Investment incomeLn 3$19K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.3M
Managementcol C$842K
Fundraisingcol D$350K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$918K
Total assetsLn 16$2.9M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$19K
Gains on assetsLn 7−$42K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$165K
SavingsLn 2$753K
Cash and savings togetherLn 1–2$918K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$2.9M
LiabilitiesLn 26$1.1M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.3M$918K
InvestmentsLn 11–13$1.2M$1.7M
Land, buildings, equipmentLn 10c$15K$13K
Total assetsLn 16$2.6M$2.9M
LiabilitiesLn 26$795K$1.1M
Net assetsLn 32$1.8M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$373K$183K$138K$52K
Other salaries and wagesLn 7$627K$313K$229K$84K
Management feesLn 11a$28K$27K$632$642
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$63K$32K$31K
Other fees for servicesLn 11g$543K$166K$171K$205K
Advertising and promotionLn 12$43K$43K$405
Office expensesLn 13$47K$16K$30K$294
Information technologyLn 14$98K$98K
OccupancyLn 16$182K$170K$13K
TravelLn 17$134K$96K$32K$5K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$277K$258K$17K$2K
Total functional expensesLn 25$2.5M$1.3M$842K$350K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.9M$2.6M$1.3M$3.2M 990 PDF
FY2023 Viewing $2.3M$2.5M−$160K$1.7M 990 PDF
FY2022 $2.0M$1.9M$39K$1.8M 990 PDF
FY2021 $1.3M$1.4M−$103K$2.0M 990 PDF
FY2020 $1.3M$1.7M−$366K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,293,634 across 6 lines filed
VIII-1f All other contributions, gifts and grants$88,222
VIII-1h Total contributions, gifts and grants$88,222
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,186,257$2,186,257
VIII-3 Investment incomeExcluded from tax $61,284$61,284
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$42,129−$42,129
VIII-12 Total revenueRelated to mission $2,186,257 · Unrelated business $0 · Excluded from tax $19,155$2,293,634
Part IX · Statement of functional expenses $2,453,968 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $182,617 · Management $137,894 · Fundraising $52,176$372,687
IX-7 Other salaries and wagesPrograms $313,446 · Management $229,211 · Fundraising $84,019$626,676
IX-11a Management feesPrograms $27,124 · Management $632 · Fundraising $642$28,398
IX-11b Legal feesManagement $18,107$18,107
IX-11c Accounting feesPrograms $32,349 · Management $31,081$63,430
IX-11g Other fees for servicesPrograms $166,113 · Management $171,442 · Fundraising $205,047$542,602
IX-12 Advertising and promotionManagement $43,049 · Fundraising $405$43,454
IX-13 Office expensesPrograms $15,900 · Management $30,462 · Fundraising $294$46,656
IX-14 Information technologyManagement $98,417$98,417
IX-16 OccupancyPrograms $169,511 · Management $12,928$182,439
IX-17 TravelPrograms $96,003 · Management $32,128 · Fundraising $5,489$133,620
IX-19 Conferences, conventions and meetingsManagement $8,735$8,735
IX-22 Depreciation, depletion and amortizationManagement $7,173$7,173
IX-23 InsuranceManagement $4,613$4,613
IX-24 Other expenses (24a–d)Programs $258,162 · Management $16,602 · Fundraising $2,197$276,961
IX-25 Total functional expensesPrograms $1,261,225 · Management $842,474 · Fundraising $350,269$2,453,968
Part X · Balance sheet $2,871,185 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $94,149$165,397
X-2 Savings and temporary cash investmentsStart of year $1,235,866$752,887
X-4 Accounts receivable$105,427
X-9 Prepaid expenses and deferred chargesStart of year $53,828$159,751
X-10c Land, buildings and equipment, netStart of year $14,993$13,345
X-11 Publicly traded securitiesStart of year $1,165,961$1,674,378
X-16 Total assetsStart of year $2,564,797$2,871,185
X-17 Accounts payable and accrued expensesStart of year $104,842$175,611
X-19 Deferred revenueStart of year $689,852$971,529
X-26 Total liabilitiesStart of year $794,694$1,147,140
X-27 Net assets without donor restrictionsStart of year $1,770,103$1,681,713
X-28 Net assets with donor restrictions$42,332
X-32 Total net assets or fund balancesStart of year $1,770,103$1,724,045
X-33 Total liabilities and net assetsStart of year $2,564,797$2,871,185
Part XI · Reconciliation of net assets $1,724,045 net assets at year end
XI-1 Total revenue$2,293,634
XI-2 Total expenses$2,453,968
XI-3 Revenue less expenses−$160,334
XI-4 Net assets at start of year$1,770,103
XI-5 Net unrealized gains (losses) on investments$114,276
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,724,045

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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