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Organizations Education Ascendium Education Solutions Inc

Ascendium Education Solutions Inc

Fiscal year ending 2022. Filed on August 30, 2023.

38 Buttonwood Court
Suite 5100
Madison, Wisconsin 53718

Ascendium Education Solutions Inc (EIN: 39-1853833) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Ascendium Education Solutions Inc, a 501(c)(3) charitable organization, reported compensation for 10 out of 159 total employees. Among the employees shown here, the average compensation is $357,681. The highest compensated employee at Ascendium Education Solutions Inc is Richard D George - 23 with fiscal year 2022 compensation of $902,837. Ascendium Education Solutions Inc changed its name from Great Lakes Higher Education Guaranty Corp in 2018.

Revenue, expenses, and employee compensation

Revenue

$388,928,491

Expenses

$166,575,071

Employee compensation

$15,484,459
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard D George - 23
Chair and Treasurer
$902,837
$0 $848,497 $54,340
Jeffery E Crosby - 3
Pres/Ceo-Aes
$592,910
$547,044 No related comp$45,866
Hope E Merry - 3
Chief Financial Officer
$458,592
$0 $409,184 $49,408
Jacqueline J Fairbairn - 3
Vice President - Policy and REG Compliance
$358,316
$302,969 No related comp$55,347
Beth A Erickson
Vice President - Repayment Solutions
$340,022
$305,679 No related comp$34,343
Jeffrey S Dick - 3
Systems Analyst
$215,777
$170,890 No related comp$44,887
Barbara A Wilhelm - 3
Director - Claims Review
$189,920
$161,101 No related comp$28,819
Carmen N Rieg - 3
Director - Recovery Admin
$179,280
$137,820 No related comp$41,460
Roger A Eldridge - 3
National Sales Director
$178,073
$137,328 No related comp$40,745
Caralyn A Hansen - 3
Attigo SR MKTG Strategist
$161,086
$149,129 No related comp$11,957

Benchmark Employee Compensation

Non-Employee Board Members

Scott Klug - 1
Director
$23,800
$11,900 $11,900 No other comp
Richard A Weiss - 1
Director
$21,600
$10,800 $10,800 No other comp
Emerson Brumback - 1
Vice Chair and Director
$19,400
$9,700 $9,700 No other comp
Cynthia Walsh - 1
Director
$19,400
$19,400 No related compNo other comp
Mary Burke - 1
Director
$17,200
$8,600 $8,600 No other comp
David J Hanson - 1
Secretary and Director
$17,200
$8,600 $8,600 No other comp
Thomas Scarett - 1
Director (Retired AUG 2022)
$8,400
$8,400 No related compNo other comp
Maria Gonzalez-Knavel - 1
Director
No compensation reported

Contractors

Your Cause Holdings LLC
Software Provider
$238,329
Norton Rode Fulbrights US LLP
Legal
$140,598
Kroll Restructuring Admin LLC
Legal
$111,375

Mission Statement

ASCENDIUM EDUCATION SOLUTIONS, INC. OPERATES TO PROVIDE FOR PHILANTHROPIC SUPPORT AND COST EFFECTIVE ENABLEMENT OF ACCESS TO AND PERSISTENCE IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES AND GRANT SUPPORT TO FUNDING SOURCES, EDUCATIONAL INSTITUTIONS, CHARITABLE ORGANIZATIONS, IN PURSUIT OF AND PARTICIPATION IN POST-SECONDARY EDUCATION IN ACCORDANCE WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD.

Revisions to this organization profile

October 24, 2025:
2024 Ascendium Education Solutions Inc 990 filed
October 2, 2024:
2023 Ascendium Education Solutions Inc 990 filed
August 30, 2023:
2022 Ascendium Education Solutions Inc 990 filed

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