2023-08-30T19:00:09+00:00 2022-12-31 346565596 ERNST & YOUNG US LLP 1101 NEW YORK AVENUE NW Washington DC 20005 990 2022-01-01 391090394 Ascendium Education Group Inc ASCE 6087332500 38 BUTTONWOOD COURT MADISON WI 53718 RICHARD GEORGE Chairman/Treasurer 6087332500 2023-08-30 true RICHARD GEORGE 999009999 true Amber Gazica P01391011 2023276000 2023-08-23 2022 2023-04-26 12:10:37Z RICHARD GEORGE 38 BUTTONWOOD COURT MADISON WI 53718 60952396 false X WWW.ASCENDIUMEDUCATION.ORG X 1967 WI ASCENDIUM EDUCATION GROUP, INC. OPERATES FOR THE SUPPORT AND BENEFIT OF ASCENDIUM EDUCATION SOLUTIONS, INC. 11 10 112 0 -105767 0 0 840000 26397852 24465304 1245 545 26399097 25305849 18737 61144777 0 11025687 14744063 0 0 -5450154 -5292719 5594270 70596121 20804827 -45290272 2781800074 2599459075 3740839 5887995 2778059235 2593571080 ASCENDIUM EDUCATION GROUP, INC. 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Org. Northstar Guarantee Inc #41-1689095. Entity merged with and into Ascendium Education Solutions, Inc. effective 12/31/2021. Ascendium Education Solutions, Inc, is and will continue to be a supported organization 4413829 4413829 35533789 961664 34572125 845153 232026 613127 1818382 118502 1699880 41298961 GSV FUND INVESTMENT 40625233 F RETHINK EDUCATION INVESTMENT 20115707 F BLACKROCK - INDEX FUND 191867256 F VANGUARD - INDEX FUND 187130610 F TREASURY NOTES 0 F LEARN CAPITAL VENTURE PARTNERS 63621460 F DEGREED, INC. 999998 C UDEMY INC. EDUNAV, INC. 500000 C PABTWF 11726479 F MANAGED, MUTUAL & INDEX FUNDS 856893984 F NEW U VENTURE PTNRS FUND,LP 4395124 F NEW MARKETS EDU PARTNERS III INVESTMENT 1627587 F ACHIEVE PARTNERS EDTECH BUYOUT FUND, LP 2976021 F 1382479459 INTERCOMPANY PAYABLE 73669 PROPERTY TAXES 565 FINANCE LEASE LIABILITY 26590 MISC. LIABILITIES 1046 101870 true Ascendium Education Solutions Inc 38 Buttonwood Ct Madison WI 537182156 391853833 501(c)(3) 61144777 Fund Ascendium Education Solution, Inc. grant program 1 0 Schedule I, Part I, Line 2 ASCENDIUM EDUCATION GROUP RECONCILES AND MONITORS THE GRANT PAYMENTS ON A REGULAR BASIS TO ENSURE NO ADDITIONAL GRANT FUNDS ARE TRANSFERRED TO ASCENDIUM EDUCATION SOLUTIONS, INC. THAN REQUIRED TO SUPPORT THEIR GRANT PROGRAM. Schedule I, Part II, Line 1(h) AS A SUPPORTING ORGANIZATION OF ASCENDIUM EDUCATION SOLUTIONS (AES), GROUP HAS PROVIDED FUNDS TO ALLOW AES TO FURTHER ITS EXEMPT PURPOSE AND PROVIDE ADDITIONAL GRANTS TO VARIOUS EDUCATIONAL ORGANIZATIONS AND SCHOLARSHIP PROGRAMS. PLEASE SEE THE AES FORM 990 FOR SPECIFIC DETAILS OF THESE GRANT RECIPIENTS AND PROGRAMS. X X X X X false false false false false false false false false RICHARD D GEORGE - 23 CHAIR/PRES/CIO/TREAS 394832 0 450000 0 3665 0 18200 0 36140 0 902837 0 0 0 JACQUELINE J FAIRBAIRN - 3 CHIEF COMPLIANCE OFFICER 0 146640 0 155000 0 1329 0 18096 0 37251 0 358316 0 0 MATTHEW R HARLOWE - 3 DIRECTOR INTERNAL AUDIT 145000 0 95000 0 268 0 15417 0 1151 0 256836 0 0 0 MAUREEN L HARRILL - 3 VP - HUMAN RESOURCES 130624 0 90000 0 3444 0 14840 0 26692 0 265600 0 0 0 AMY S KERWIN - 3 VP - EDUCATION PHILANTHROPY 143374 0 145000 0 704 0 17303 0 26249 0 332630 0 0 0 BRETT G LINDQUIST - 3 VP - STRATEGIC COMMUNICATIONS 136526 0 140000 0 700 0 17560 0 37315 0 332101 0 0 0 ERIC C MALY - 3 DIRECTOR INFO/TECHNOLOGY/SECURITY 151640 0 75000 0 718 0 15701 0 30926 0 273985 0 0 0 HOPE E MERRY - 3 CHIEF FINANCIAL OFFICER 228720 0 180000 0 464 0 18329 0 31079 0 458592 0 0 0 REBECCA E RAPP - 3 GEN CNSL & ASST SECRETARY 142859 0 145000 0 486 0 18409 0 30262 0 337016 0 0 0 ALEXANDER J HAMMOND - 3 SENIOR SECURITY ARCHITECT 140567 0 18576 0 263 0 13933 0 19282 0 192621 0 0 0 JENNIFER M KRUEGER - 3 DEPUTY GENERAL COUNSEL 137012 0 22406 0 452 0 13214 0 30846 0 203930 0 0 0 BETHANY M MILLER - 3 DIRECTOR - LEARNING AND IMPACT 158281 0 10105 0 306 0 14349 0 11329 0 194370 0 0 0 RICHARD T SCHICK - 3 SR IT ARCHITECTURAL ENGINEER 135486 0 13272 0 276 0 10520 0 9897 0 169451 0 0 0 KEITH WITHAM - 3 DIRECTOR - EDUCATION GRANTMAKING 172994 0 5500 0 306 0 10019 0 14819 0 203638 0 0 0 Thomas Boldt Board Member 2669051 Construction services provided to build the new Ascendium Headquarters false Form 990, Part VI, Line 11b Review of form 990 by governing body ON AN ANNUAL BASIS, THE CHAIRMAN OF THE BOARD, PRESIDENT AND CEO, THE AUDIT COMMITTEE AND BOARD REVIEWS THE FORM 990 PRIOR TO FILING. THE CONFLICTS OF INTEREST QUESTIONNAIRES ARE COMPLETED BY EACH DIRECTOR AND REVIEWED PRIOR TO FILING THE FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, DIRECTORS AND OFFICERS SIGN A CONFLICT OF INTEREST DOCUMENT WHICH DISCLOSES ANY CONFLICTS. THE SIGNED DOCUMENTS ARE REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD. IF A DISCLOSED CONFLICT OCCURS, THE INDIVIDUAL ABSTAINS FROM DISCUSSION AND VOTING ON TOPICS WHERE A CONFLICT OF INTEREST EXISTS. ALL DIRECTORS, OFFICERS AND EMPLOYEES ARE SUBJECT TO THE HUMAN RESOURCES CODE OF ETHICS TO MAINTAIN THE HIGHEST ETHICAL AND LEGAL STANDARDS OF BUSINESS CONDUCT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION OF THE CEO AND ALL OF THE OFFICERS IS DETERMINED ANNUALLY BY THE PERSONNEL POLICY COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO IS ROUTINELY EXCUSED AND ABSTAINS FROM DISCUSSION AND/OR VOTING ON ANY MATTERS RELATED TO HIS OWN COMPENSATION AND BENEFITS. THE PERSONNEL POLICY COMMITTEE'S REPORT IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. EVERY TWO TO THREE YEARS, AN INDEPENDENT COMPENSATION STUDY IS PERFORMED, LAST COMPENSATION STUDY WAS PERFORMED IN 2022. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION OF THE CEO AND ALL OF THE OFFICERS IS DETERMINED ANNUALLY BY THE PERSONNEL POLICY COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO IS ROUTINELY EXCUSED AND ABSTAINS FROM DISCUSSION AND/OR VOTING ON ANY MATTERS RELATED TO HIS OWN COMPENSATION AND BENEFITS. THE PERSONNEL POLICY COMMITTEE'S REPORT IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. EVERY TWO TO THREE YEARS, AN INDEPENDENT COMPENSATION STUDY IS PERFORMED, LAST COMPENSATION STUDY WAS PERFORMED IN 2022. Form 990, Part VI, Line 19 Required documents available to the public FEDERAL TAX LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE. DOCUMENTS ARE AVAILABLE UPON SPECIFIC REQUEST. Form 990, Part VII, Section A, Line 1a PART VII, SECTION A, QUESTION 1A (1) DIRECTORS NORMALLY ATTEND 3-4 BOARD MEETINGS AND 3-4 COMMITTEE MEETINGS PER YEAR IN ADDITION TO TELEPHONIC CONFERENCES AND INDIVIDUAL MEETINGS WITH OFFICERS. DIRECTORS DEVOTE AN AVERAGE OF 1-3 HOURS PER WEEK TO THEIR POSITION(S). (2) COMPENSATION LINE INCLUDES COMPENSATION FOR GENERAL COUNSEL SERVICES AND AFFILIATE GROUP RESPONSIBILITIES. INSIDE DIRECTORS ARE NOT ELIGIBLE FOR BOARD COMPENSATION. (3) NON-OPERATING OFFICER POSITION NOT SEPARATELY COMPENSATED. Form 990, Part IX, Line 24c PART IX, LINE 24C COSTS ARE CHARGED TO THE APPLICABLE MANAGING AREA AND THEN FURTHER ALLOCATED TO SUPPORTING SERVICES AND PROGRAMS THAT EACH AREA SUPPORTS. COSTS ARE ALLOCATED TO SUPPORTING SERVICES AND PROGRAMS BASED ON ESTIMATES MADE BY MANAGEMENT, TAKING INTO ACCOUNT THE NATURE OF THE EXPENSE AND HOW IT RELATES TO THE FUNCTIONAL AREAS. COSTS ARE TYPICALLY ALLOCATED BASED ON RESOURCES USED OR TIME AND EFFORT. Form 990, Part XI, Line 9 Other changes in net assets or fund balances OPERATING FUND CONTRIBUTION TRANSFER TO AEG FROM ASCENDIUM EDUCATION SOLUTIONS, INC. - 50000000; ASCENDIUM EDUCATION SOLUTIONS INC 38 BUTTONWOOD CT MADISON WI 53718 391853833 GTY STDNT LNS WI 501(c)(3) 10 GROUP true NORTHSTAR EDUCATION SERVICES LLC 38 BUTTONWOOD CT MADISON WI 53718 352626495 SERVICE WI GROUP C Corporation -2985734 3340537 1 true false false false false false false false false false false false true false false false true true false false ASCENDIUM EDUCATION SOLUTIONS INC L 22410641 ACTUAL COST ASCENDIUM EDUCATION SOLUTIONS INC Q 299395 ACTUAL COST NORTHSTAR EDUCATION SERVICES LLC L 1018706 ACTUAL COST NORTHSTAR EDUCATION SERVICES LLC P 71462 ACTUAL COST