National Student Clearinghouse is a 501(c)(3) organization based in Herndon, Virginia, registered in 2024, with $102,499,089 in FY2023 revenue. CharityIndex grades it A, and it directs about 70% of spending to programs.
Revenue (FY2023)
$102.5M
▲ 6.4% vs prior year
Education median: $200K
Expenses (FY2023)
$99.1M
Net assets
$45.7M
Employees
422
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For National Student Clearinghouse: 70% to programs earns a B on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For National Student Clearinghouse: 6 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For National Student Clearinghouse: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For National Student Clearinghouse: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Enrollment reporting services - see schedule oenrollment reporting services: the national student clearinghouse was established in 1993 to meet a specific need in the us education system. since then, on behalf of participating post-secondary institutions enrolling 97% of the us student population, the national student clearinghouse has completed all required student loan enrollment verification activities. all related student verification records were reported to the us department of education, all state and non-profit guarantee agencies, and the student loan servicing organizations. this has resulted in a reduced administrative workload, more prompt and accurate reporting of deferments, improved service to students and financial aid providers, elimination of manual student loan-based verifications, greater enrollment reporting and record-keeping efficiency, and decreased loan delinquency and default rates.
Degree verification services - see schedule odegree verification services:participating post-secondary institutions have authorized the national student clearinghouse to maintain a comprehensive degree database, for the purpose of enhancing education information accuracy and eliminating fraud. as an agent of these institutions, the clearinghouse is authorized to provide limited access to the portions of this data that verify degree attainment for.:1) other post-secondary institutions and higher education organizations so that they could comply with the u.s. department of education-mandated performance reporting.2) employers so that institutions can support the transition of students and graduates to gainful employment.3) providers of benefits to graduates that is dependent on a graduate's status.
Research services:on behalf of participating post-secondary institutions, national student clearinghouse is authorized to maintain a database of the college enrollment and degree data for approximately 3,600 participating colleges and universities which enables administrators at high schools, colleges and universities, and other education organizations to access student data to perform educational research and analyses. research services also performs analysis on these data based on customer-defined requirements to further the assessments made regarding the success of various academic programs at the local, state, and national levels; enable mandatory state and federal outcomes reporting; and facilitate improvement to the quality of the k-20 education system.enrollment verification services:the national student clearinghouse is authorized by participating post-secondary institutions to maintain a comprehensive enrollment database. as their agent, it provides limited access to verify student records to providers of benefits to students and graduates dependent on enrollment status. this helps to preserve the integrity of the education system by eliminating fraud. the process automates all enrollment verifications for credit grantors, travel companies, computer hardware and software resellers. this improves efficiency and student service and reduces fraudulent student status claims. the service is free for institutions and is ferpa compliant.
Revenue grew from $40.9M (FY2013) to $102.5M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$98.1M
Total liabilities
$52.4M
Net assets
$45.7M
Salaries & benefits
$60.0M
61% of expenses
Board members
12
12 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $102,499,089▲6.4% | $99,069,536▼2.6% | $45,731,109▲9.3% | $98,082,707▼1.7% | 990 |
| 2022 | $96,297,122▼1.5% | $101,759,320▲18.4% | $41,856,226▼8.3% | $99,792,092▲23.4% | 990 |
| 2021 | $97,727,893▲21.3% | $85,920,931▲23.1% | $45,652,661▲23.1% | $80,865,874▲14.6% | 990 |
| 2020 | $80,581,219▲21.0% | $69,792,285▲2.7% | $37,072,376▲52.7% | $70,565,470▲33.2% | 990 |
| 2019 | $66,591,736▲2.6% | $67,986,199▲2.4% | $24,274,413▼5.2% | $52,958,390▼1.4% | 990 |
| 2018 | $64,896,702▲9.2% | $66,364,235▲12.6% | $25,603,423▼3.0% | $53,695,401▲6.8% | 990 |
| 2017 | $59,423,037▲7.2% | $58,913,403▲12.2% | $26,392,875▲3.3% | $50,272,077▲16.2% | 990 |
| 2016 | $55,436,660▲11.0% | $52,517,583▲10.0% | $25,543,952▲18.2% | $43,255,219▲9.2% | 990 |
| 2015 | $49,956,441▲14.8% | $47,758,453▲8.6% | $21,611,965▲10.6% | $39,593,203▲9.7% | 990 |
| 2014 | $43,522,387▲6.5% | $43,959,775▲2.1% | $19,537,445▲8.1% | $36,099,486▲9.1% | 990 |
| 2013 | $40,858,857 | $43,058,413▲8.0% | $18,069,293▼8.4% | $33,077,807▼2.1% | 990 |
| 2012 | — | $39,885,508▲9.5% | $19,719,146▼15.7% | $33,776,490▼2.2% | 990 |
| 2011 | — | $36,421,253▲29.4% | $23,385,299▼19.0% | $34,530,025▼8.3% | 990 |
| 2010 | — | $28,148,588▲30.0% | $28,874,103▲2.7% | $37,647,524▲12.2% | 990 |
| 2009 | — | $21,652,256 | $28,108,850 | $33,561,076 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Ricardo D Torres — $983,530 (0.99% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ricardo D Torres | President and Ceo | 40 | $983,530 |
| Christine Cole | Senior Director, Sales & Bus. Dvpt. | 40 | $542,384 |
| Mary Chapin | Vp & Chief Legal Ofc, Corp Sec | 35 | $457,124 |
| George Levathes | Vp, Compliance & Ops (thru 12/23) | 40 | $431,114 |
| Bridget Sedlock | Chief People Officer | 40 | $389,204 |
| Lawrence Hatch | Vp, Industry & Workforce Serv | 40 | $380,531 |
| Douglas Falk | Vp & Chief Information Officer | 40 | $376,630 |
| John Ramsey | Exec Dir Ciso | 40 | $367,441 |
| Roberta Hyland | Chief Data Officer | 40 | $357,335 |
| Troy Fridy | Business Development Exec | 40 | $351,796 |
| Michael Ketcham | Former Vp & Cfo, Treasurer | 0 | $336,078 |
| Dr Douglas Shapiro | Vp Research | 5 | $333,342 |
| Thomas Burke | Managing Director, It | 40 | $317,659 |
| Erin Seraydian | Cfo & Treasurer (beg 7/23 Thru 3/24) | 35 | $311,458 |
| Robert Romano | Managing Director, It | 40 | $300,389 |
| Tracy Locklin | Managing Dir Privacy & Govt Relations | 35 | $295,889 |
| Christopher Goodson | Chief Growth Officer | 40 | $266,956 |
| Lawrence W Anderson | Chief Tech & Ops Officer (thru 8/23) | 40 | $225,003 |
| David G Payne Phd | Vp, Learner Insights | 40 | $169,520 |
| Melba Amissi | Vp, Corporate Strategy | 40 | $152,130 |
| Contractor | Services | Paid |
|---|---|---|
| Slalom LLC DBA Slalom Consulting | It Consulting | $1,790,306 |
| Gsds Group Inc | It Consulting | $1,467,505 |
| Neovera Inc | It Consulting | $1,124,528 |
| Infinitive | It Consulting | $1,054,538 |
| Micore Solutions Inc | It Consulting | $797,210 |
6 grants to National Student Clearinghouse totaling $1.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Strada Education Foundation Inc | Programmatic grant | 2024 | $1,250,000 |
| Digital Promise Global | Grant for statistics & chemistry pdp benchmarking project | 2022 | $19,000 |
| Greater Washington Community Foundation | General support | 2021 | $10,000 |
| Mdrc | Restricted purpose award | 2018 | $7,173 |
| Greater Washington Community Foundation | General support building | 2017 | $10,000 |
| The Aspen Institute Inc | Foster within higher education institutions and systems nationally the adoption of transfer pathways | 2014 | $127,908 |
1 grant totaling $18K in FY2023. All grants made by National Student Clearinghouse →
| Recipient | Purpose | Amount |
|---|---|---|
| Evans Scholars Foundation | In honor of board member mr. paul robinson | $18,000 |
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Data for National Student Clearinghouse (EIN 52-1836384) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.