Central States Private Education Network
Nonprofit profile at a glance
- EIN
- 472565877
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Bowie, MD, USA
- Phone
- 8172280117
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,408,977
- Expenses
- $991,561
- Assets
- $547,067
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MICHELE ERNST (PRESIDENT)
- AARON EDWARDS (VICE PRESIDENT)
- JERIKAY PROCHASKA (CO-EXECUTIVE DIRECTOR)
- TOM NETTING (CO-EXECUTIVE DIRECTOR)
Highest reported compensation
- TOM NETTING (CO-EXECUTIVE DIRECTOR): $104,300 total reported compensation
- JERIKAY PROCHASKA (CO-EXECUTIVE DIRECTOR): $89,600 total reported compensation
- JEANINE FORD (ADMINISTRATIVE DIRECTOR): $86,852 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cspen is a 501(c)(3) charitable education organization dedicated to promoting the interests of students and private schools. Cspen works collaboratively with other like-minded national and state organizations, their representatives, and the supporters of our shared community throughout the united states.cspen's mission is to provide post-secondary educational institutions with access to resources and information designed to assist the institutional community in achieving compliance with state and federal legislative requirements and regulatory requirements and supporting students' futures through the promotion of student access, completion, and successful entry into the occupational discipline and career of each student's choosing.
What it reported doing in 2024
Cspen assists institutions of higher education to achieve our mission by providing an array of tools and resources, including, but not limited to, the publication and dissemination of the latest news and events occurring at both the federal and targeted state levels, presentation of innovative webinars, videos, and thought-provoking blogs and podcasts, as well as direct access to a comprehensive list of legislation proposed at the federal level and leading experts in monitoring of the legislation, curriculum development, student support services, financial literacy, and more.
Operating model
- Revenue model
- Donor-supported. 60% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.4%; rating input score 63
- Program expense ratio: 89.5%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 29.6%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 28.3%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 25.2% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 27.6% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 28.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 63.4% of revenue deployed · 89.5% of spending went to programs
- Governance: 6 of 6 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $887K in reported program spending
- Leadership: top reported pay $104K · 10 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 8/100.