Center For Excellence In Highereducation Inc
Center For Excellence In Highereducation Inc faces severe financial decline with 2023 expenses exceeding revenue by over $78 million.
EIN: 208091013 · Salt Lake Cty, UT · NTEE: B42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $84.4M |
| Program Spending | 85% |
| Net Assets | $45.9M |
| Transparency Score | 30/100 |
Is Center For Excellence In Highereducation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Excellence In Highereducation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center For Excellence In Highereducation Inc
Center For Excellence In Highereducation Inc (EIN: 208091013) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code B42. The organization reported total revenue of $3.2M and total assets of $66.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Excellence In Highereducation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Excellence In Highereducation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $84.4M |
| Surplus / Deficit | $-78,376,832 |
| Total Assets | $68.0M |
| Total Liabilities | $22.0M |
| Net Assets | $45.9M |
| Operating Margin | -1305.4% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2023, Center For Excellence In Highereducation Inc reported a deficit of $78.4M with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center For Excellence In Highereducation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.9% | +1277.9% | -54.2% |
| 2022 | -90.7% | -96.4% | -3.4% |
| 2021 | -41.6% | -32.8% | -26.0% |
| 2020 | -3.4% | +2.0% | +4.9% |
| 2019 | +23.6% | +26.9% | -22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center For Excellence In Highereducation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Center For Excellence In Highereducation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.4%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization that has managed hundreds of millions in revenue and assets, suggesting a potential lack of transparency in how executive compensation is reported or structured, making it impossible to assess its reasonableness relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center For Excellence In Highereducation Inc's IRS 990 filings:
- Dramatic and sustained decline in revenue from $259M in 2019 to $6M in 2023.
- Expenses ($84,380,859) significantly exceeded revenue ($6,004,027) in 2023, indicating a large operating deficit.
- Consistent reporting of 0% officer compensation across all filings, raising transparency concerns.
- Significant reduction in assets from $569M in 2014 to $67M in 2023.
Strengths
The following positive indicators were identified for Center For Excellence In Highereducation Inc:
- Historically managed substantial assets and revenue, indicating past operational capacity.
Frequently Asked Questions about Center For Excellence In Highereducation Inc
Is Center For Excellence In Highereducation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center For Excellence In Highereducation Inc (EIN: 208091013) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Center For Excellence In Highereducation Inc spend its money?
Center For Excellence In Highereducation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center For Excellence In Highereducation Inc tax-deductible?
Center For Excellence In Highereducation Inc is registered as a tax-exempt nonprofit (EIN: 208091013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Excellence In Highereducation Inc's spending goes to programs?
Center For Excellence In Highereducation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center For Excellence In Highereducation Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Center For Excellence In Highereducation Inc is below average for NTEE category B42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center For Excellence In Highereducation Inc located?
Center For Excellence In Highereducation Inc is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 208091013. It is classified under NTEE code B42.
How many years of IRS 990 filings does Center For Excellence In Highereducation Inc have?
Center For Excellence In Highereducation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.2M in total revenue.
Is Center For Excellence In Highereducation Inc financially stable?
Based on the 2023 filing, the organization is not financially stable, with expenses of $84,380,859 significantly exceeding revenue of $6,004,027, resulting in a net loss of over $78 million for the year.
What caused the dramatic decline in revenue from 2019 to 2023?
The IRS 990 data alone does not specify the exact causes, but revenue dropped from $259,068,615 in 2019 to $6,004,027 in 2023, indicating a major operational or strategic shift, or a significant loss of funding sources.
How is executive compensation handled if 0% is reported?
The consistent reporting of 0% officer compensation is highly unusual and suggests that either no officers are compensated, or their compensation is reported under different categories, or through related entities, which reduces transparency regarding leadership costs.
What is the organization's plan to address the significant deficit in 2023?
The IRS 990 filings do not provide details on future financial plans, but the organization incurred a deficit of over $78 million in 2023, which would necessitate a substantial plan to restore financial health.
Filing History
IRS 990 filing history for Center For Excellence In Highereducation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Excellence In Highereducation Inc's revenue has grown by 493.4%, moving from $1.0M to $6.0M. Total assets increased by 12061.8% over the same period, from $559K to $68.0M. Total functional expenses rose by 17439%, from $481K to $84.4M. In its most recent filing year (2023), Center For Excellence In Highereducation Inc reported a deficit of $78.4M, with expenses exceeding revenue. The organization holds $22.0M in liabilities against $68.0M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $45.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $84.4M | $68.0M | $22.0M | — | — |
| 2022 | $13.6M | $6.1M | $148.2M | $23.9M | — | View 990 |
| 2021 | $146.1M | $172.2M | $153.5M | $36.7M | — | View 990 |
| 2020 | $250.3M | $256.2M | $207.3M | $64.4M | — | — |
| 2019 | $259.1M | $251.1M | $197.6M | $48.7M | — | View 990 |
| 2018 | $209.6M | $197.9M | $256.1M | $113.8M | — | View 990 |
| 2017 | $189.8M | $184.1M | $245.5M | $114.9M | — | View 990 |
| 2016 | $184.5M | $176.2M | $257.9M | $132.9M | — | View 990 |
| 2015 | $191.6M | $172.5M | $258.4M | $141.5M | — | View 990 |
| 2014 | $194.0M | $161.9M | $569.9M | $472.2M | — | View 990 |
| 2013 | $188.4M | $154.9M | $532.9M | $468.1M | — | View 990 |
| 2012 | $215.6M | $1.3M | $512.6M | $481.2M | — | View 990 |
| 2011 | $1.0M | $481K | $559K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $84.4M, and assets of $68.0M (revenue -55.9% year-over-year).
- 2022: Revenue of $13.6M, expenses of $6.1M, and assets of $148.2M (revenue -90.7% year-over-year).
- 2021: Revenue of $146.1M, expenses of $172.2M, and assets of $153.5M (revenue -41.6% year-over-year).
- 2020: Revenue of $250.3M, expenses of $256.2M, and assets of $207.3M (revenue -3.4% year-over-year).
- 2019: Revenue of $259.1M, expenses of $251.1M, and assets of $197.6M (revenue +23.6% year-over-year).
- 2018: Revenue of $209.6M, expenses of $197.9M, and assets of $256.1M (revenue +10.5% year-over-year).
- 2017: Revenue of $189.8M, expenses of $184.1M, and assets of $245.5M (revenue +2.9% year-over-year).
- 2016: Revenue of $184.5M, expenses of $176.2M, and assets of $257.9M (revenue -3.7% year-over-year).
- 2015: Revenue of $191.6M, expenses of $172.5M, and assets of $258.4M (revenue -1.2% year-over-year).
- 2014: Revenue of $194.0M, expenses of $161.9M, and assets of $569.9M (revenue +3.0% year-over-year).
- 2013: Revenue of $188.4M, expenses of $154.9M, and assets of $532.9M (revenue -12.6% year-over-year).
- 2012: Revenue of $215.6M, expenses of $1.3M, and assets of $512.6M (revenue +21208.1% year-over-year).
- 2011: Revenue of $1.0M, expenses of $481K, and assets of $559K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Excellence In Highereducation Inc:
Data Sources and Methodology
This transparency report for Center For Excellence In Highereducation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.