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Minnesota · Nonprofit

MIDWESTERN HIGHER EDUCATION COMPACT

MIDWESTERN HIGHER EDUCATION COMPACT (Minnesota) receives grants from 2 organizations whose IRS filings report $2,209,200 to it, the largest being Ascendium Education Solutions Inc ($1,280,400). 2 of them have funded it in more than one year.

Revenue FY2025
$11M
Funders on record
2
Grants received
$2.2M
Net assets
$19M
2/2 repeat funderspeak grant-dependency 15%
01What it does

What Midwestern Higher Education Compact does

Mission

Mhec members collaborate to address the region's most pressing challenges in higher education and transform educational opportunities so that people and communities thrive.

As stated on its FY2025 Form 990.

Programs

  1. Contracts: mhec contracts leverage the potential volume of the region's purchasing power, while saving entities time and money by simplifying the procurement process and negating the need to conduct a competitive sourcing event. By offering a turnkey solution with the ability to tailor the already negotiated contract to match the entity's specific needs and requirements, mhec contracts shift some of the negotiating power back to the procuring entities. In addition to contracts available through mhecare student health solutions, mhec offers numerous contracts in technology. The contracts are a product of a representative group of stakeholders from the higher education technology community conducting a competitive sourcing process that leverages the potential purchasing power of the 12 mhec member states. Technology contracts saved entities in the mhec region $32.2 million in fiscal year 2025. In some cases, the compact's cost savings initiatives may be utilized by city, county, and state government as well as nonprofit organizations.

    $1,952,188 spent$7,854,310 earned by the program
    33% of program spending
  2. Programs:additional mhec programs are initiated in response to identified needs in one or more of the member states. Bringing together expertise from across the region, mhec identifies activities needed to address the identified needs. Those problems best solved through ongoing interstate cooperation are then developed into mhec programs. Each mhec program provides the program participants with governance and leadership structures to guide and maintain programmatic outcomes.mhecare health insurance solutions:comprehensive health insurance solutions created in response to both increasing cost and concern for student health. 35 campuses offered mhecare health insurance solutions in fiscal year 2025.

    $1,542,701 spent$1,217,107 earned by the program
    26% of program spending
  3. Research:mhec research informs institutional and state efforts in improving postsecondary policies, practices, and outcomes in several ways: (a) maintaining a national repository of expertise, knowledge and best practices for guiding policy and practice; (b) conducting applied research and analysis on critical topics in higher education; (c) developing innovative approaches to improve educational opportunity and effectiveness; and (d) providing public outreach and service to institutions and governments. Among its core outputs, mhec research maintains an online dashboard of educational performance indicators and produces timely briefs, reports, and technical papers in the most critical areas for facilitating progress towards state educational attainment goals, including college readiness and success; affordability and finance; pathways, credentials, and workforce development; and data, trends, and performance as well as other topics of importance to midwestern states. 37 reports were produced in fiscal year 2025.concurrent enrollment:mhec continued expansion of the graduate credit quest, a web-based platform for teachers to search for graduate course work within their content…

    $1,323,081 spent
    22% of program spending
  4. Convening:mhec empowers the member states to connect for the purpose of exchanging expertise, sharing ideas and experiences, and collaboratively pursuing efforts that help further higher education. This convening and collaborating leads to many programs and activities that produce a variety of outcomes and results ranging from the dissemination of knowledge and expertise about practical solutions, to leveraging the collective purchasing power of the region to achieve efficiencies and savings.

    $1,141,372 spent
    19% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,959,342.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.7M) Expenses 100 ($3.4M) Net assets 100 ($3.6M)2018 Revenue 92 ($3.4M) Expenses 104 ($3.5M) Net assets 96 ($3.5M)2019 Revenue 101 ($3.7M) Expenses 103 ($3.5M) Net assets 103 ($3.7M)2020 Revenue 109 ($4.0M) Expenses 106 ($3.6M) Net assets 114 ($4.1M)2021 Revenue 156 ($5.7M) Expenses 117 ($4.0M) Net assets 161 ($5.9M)2022 Revenue 130 ($4.8M) Expenses 131 ($4.5M) Net assets 150 ($5.5M)2023 Revenue 232 ($8.5M) Expenses 117 ($4.0M) Net assets 275 ($10M)2024 Revenue 270 ($9.9M) Expenses 132 ($4.5M) Net assets 424 ($15M)2025 Revenue 303 ($11M) Expenses 214 ($7.3M) Net assets 531 ($19M)
'17'18'19'20'21'22'23'24'25
Revenue (303)Expenses (214)Net assets (531)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $12M to $18M (+47%).

$4.8M
$4.6M
$4.6M
$5.2M
$6.9M
$6.7M
$12M
$18M
$22M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

14% of MIDWESTERN HIGHER EDUCATION COMPACT’s revenue is contributions — more earned-revenue than three-quarters of its peers (82% for the typical peer).

This organization
Typical peer · 43 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$279k
’17
−$147k
’18
$243k
’19
$400k
’20
$1.7M
’21
$316k
’22
$4.5M
’23
$5.5M
’24
$3.9M
’25
30
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Katie Stuart

Board chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed786796727863777578
Joined·+13+35+2+16+6+27+17+16
No longer listed·246261021131913
03Who funds it

Who funds it, year by year

2020 → 2022: the base broadened from 1 funder to 2 funders, grant income rose $164k → $706k.

Funder
'20
'21
'22
'24*
total
funders
1
2
2
1

From the IRS filings of MIDWESTERN HIGHER EDUCATION COMPACT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MIDWESTERN HIGHER EDUCATION COMPACT leans on a few funders — its largest provides 58% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MIDWESTERN HIGHER EDUCATION COMPACT.

58%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2020 100% · 2021 90% · 2022 73% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MIDWESTERN HIGHER EDUCATION COMPACT draws 100% of its grant income from funders outside Minnesota, across 2 states in all.

WI
CA

In-state vs out-of-state, by year

’20
’21
’22
Minnesota out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MIDWESTERN HIGHER EDUCATION COMPACT runs a healthier operating margin than three-quarters of the 25 social science nonprofits its size.

Operating margin35% · top quartile
Months of reserve30.0mo · top quartile
Revenue growth (annualized)15% · top quartile

this organization peer median middle 50% of peers· 25 social science nonprofits $10M–$100M, FY2025

Organizations like MIDWESTERN HIGHER EDUCATION COMPACT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 18%Fundraising 0%

Governance

52
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

69%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 1 related entity

  • Stone Arch Insurance Company Co Marsh Management Services Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for MIDWESTERN HIGHER EDUCATION COMPACT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MIDWESTERN HIGHER EDUCATION COMPACT?
MIDWESTERN HIGHER EDUCATION COMPACT (Minnesota) receives grants from 2 organizations whose IRS filings report $2,209,200 to it, the largest being Ascendium Education Solutions Inc ($1,280,400). 2 of them have funded it in more than one year.
How many funders does MIDWESTERN HIGHER EDUCATION COMPACT have?
IRS filings report 2 organizations giving $2,209,200 in grants to MIDWESTERN HIGHER EDUCATION COMPACT, 2 of which have funded it in more than one year.
Who is the largest funder of MIDWESTERN HIGHER EDUCATION COMPACT?
Ascendium Education Solutions Inc is the largest funder on record, with $1,280,400 in grants. The full list of funders is on this page.
How can an organization like MIDWESTERN HIGHER EDUCATION COMPACT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing