Civic Intelligence

Cognia Inc (Fka Advance Education Inc)

990 • Fiscal year 2024 • EIN 20-8613765

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2024

Refreshing map…

9115 Westside ParkwayAlpharetta, GA 30009

(678) 392-2285

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.61x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.47x

Higher debt load relative to revenue than 52% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

58th percentile

6.8%

Higher net margin than 58% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$1,013,237

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

29th percentile

2.0%

Faster asset growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

9.2%

Faster revenue growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$104,468,421

Up $2,011,484 (+2.0%) from 2023

Net Assets

Up

$40,875,977

Up $9,670,787 (+31%) from 2023

Liabilities

Down

$63,592,444

Down $7,659,303 (-11%) from 2023

Revenue

Up

$135,787,041

Up $11,485,418 (+9.2%) from 2023

Expenses

Down

$126,502,938

Down $9,877,863 (-7.2%) from 2023

Net Income

Up

$9,284,103

Up $21,363,281 (+177%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $31,058,835Liabilities 2010: $14,107,479Net Assets 2010: $16,951,3562010Assets 2011: $36,309,122Liabilities 2011: $19,018,223Net Assets 2011: $17,290,8992011Assets 2012: $36,810,116Liabilities 2012: $20,455,649Net Assets 2012: $16,354,4672012Assets 2013: $38,307,950Liabilities 2013: $22,907,732Net Assets 2013: $15,400,2182013Assets 2014: $40,476,877Liabilities 2014: $23,766,921Net Assets 2014: $16,709,9562014Assets 2015: $41,457,870Liabilities 2015: $24,337,725Net Assets 2015: $17,120,1452015Assets 2016: $39,897,193Liabilities 2016: $23,587,048Net Assets 2016: $16,310,1452016Assets 2017: $41,236,577Liabilities 2017: $24,386,344Net Assets 2017: $16,850,2332017Assets 2018: $42,955,427Liabilities 2018: $27,072,768Net Assets 2018: $15,882,6592018Assets 2019: $98,337,029Liabilities 2019: $66,120,396Net Assets 2019: $32,216,6332019Assets 2020: $95,874,021Liabilities 2020: $62,871,423Net Assets 2020: $33,002,5982020Assets 2021: $102,388,761Liabilities 2021: $71,227,291Net Assets 2021: $31,161,4702021Assets 2022: $97,684,546Liabilities 2022: $79,105,148Net Assets 2022: $18,579,3982022Assets 2023: $102,456,937Liabilities 2023: $71,251,747Net Assets 2023: $31,205,1902023Assets 2024: $104,468,421Liabilities 2024: $63,592,444Net Assets 2024: $40,875,9772024

Highlighted filing

2024

Assets$104,468,421
Liabilities$63,592,444
Net Assets$40,875,977

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $21,398,8392010Expenses 2011: $23,855,8182011Expenses 2012: $24,309,7012012Expenses 2013: $27,643,6102013Revenue 2014: $27,537,094Expenses 2014: $27,343,109Net Income 2014: $193,9852014Revenue 2015: $30,168,106Expenses 2015: $29,189,505Net Income 2015: $978,6012015Revenue 2016: $32,623,205Expenses 2016: $32,956,133Net Income 2016: -$332,9282016Revenue 2017: $32,086,950Expenses 2017: $32,361,434Net Income 2017: -$274,4842017Revenue 2018: $34,683,933Expenses 2018: $35,951,202Net Income 2018: -$1,267,2692018Revenue 2019: $88,741,252Expenses 2019: $94,737,161Net Income 2019: -$5,995,9092019Revenue 2020: $121,196,667Expenses 2020: $120,568,256Net Income 2020: $628,4112020Revenue 2021: $111,051,671Expenses 2021: $113,777,335Net Income 2021: -$2,725,6642021Revenue 2022: $115,482,037Expenses 2022: $127,223,127Net Income 2022: -$11,741,0902022Revenue 2023: $124,301,623Expenses 2023: $136,380,801Net Income 2023: -$12,079,1782023Revenue 2024: $135,787,041Expenses 2024: $126,502,938Net Income 2024: $9,284,1032024

Highlighted filing

2024

Revenue$135,787,041
Expenses$126,502,938
Net Income$9,284,103
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2024
Return Version
2023v6.0
Gross Receipts
$135,787,041
Mission and Program Overview

Mission

Advance Education, Inc is dedicated to leading and empowering the education community to ensure that all learners realize their full potential while creating a world of opportunities for every leader. We drive excellence in education through continuous improvement services, accreditation, research, innovation policy and technology.

Education improvement through continuous improvement services, assessment, accreditation, research, innovation policy and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,279,147$26,610,696▼ $1,668,451
Accounts Receivable$20,902,058$25,303,703▲ $4,401,645
Cash and Non-Interest-Bearing Accounts$10,542,286$13,345,632▲ $2,803,346
Intangible Assets$12,767,507$9,878,755▼ $2,888,752
Investments in Publicly Traded Securities$6,706,745$7,210,962▲ $504,217
Investments Other Securities$2,611,952$2,611,952→ $0
Prepaid Expenses and Deferred Charges$2,424,204$1,691,439▼ $732,765
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$102,456,937$104,468,421▲ $2,011,484
Other Assets Total$18,223,038$17,815,282▼ $407,756
Liabilities
Accounts Payable and Accrued Expenses$25,924,954$21,874,243▼ $4,050,711
Other Liabilities$19,539,656$18,337,912▼ $1,201,744
Tax Exempt Bond Liabilities$11,145,612$9,954,930▼ $1,190,682
Deferred Revenue$9,391,157$8,425,109▼ $966,048
Mortgage Notes Payable Secured by Investment Property$5,000,000$5,000,250▲ $250
Unsecured Notes Loans Payable$250,368$0▼ $250,368
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$71,251,747$63,592,444▼ $7,659,303
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,205,190$40,875,977▲ $9,670,787
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$31,205,190$40,875,977▲ $9,670,787
Total Liabilities and Net Assets / Fund Balance$102,456,937$104,468,421▲ $2,011,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,363,535$7,448,749$28,812,284
Equipment$1,190,054$5,723,499$6,913,553
Land$2,797,461-$2,797,461
Leasehold Improvements$1,150,885-$1,150,885
Other Land Buildings$108,761$710,707$819,468
Other Assets Org$15,007,180--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Mark A ElgartPresident/CEOFT$842,917$170,320$1,013,237
Kenneth I BergmanChief Legal OfficerFT$403,045$39,142$442,187
Stephen MurphyChief Learning OfficerFT$342,715$38,990$381,705
Dr Annette BohlingChief Global Accred. OfficerFT$293,170$35,820$328,990
David ShaferChief EntrepreneurFT$276,574$34,416$310,990
Angela HilliardChief Marketing OfficerFT$274,992$34,835$309,827
Chris PicouChief Technology OfficerFT$273,205$34,416$307,621
Marcus LingenfelterChief Policy OfficerFT$263,271$33,414$296,685
Patti AyerChief Administrative OfficerFT$249,444$31,587$281,031
Channa WilliamsChief Financial OfficerFT$247,273$24,852$272,125
Jeffrey RoseSenior VP Leader DevelopmentFT$209,880$26,731$236,611
Gabriel SheheaneSenior VP Policy & AdvocacyFT$209,517$26,731$236,248
David HurstDeputy Chief Accred OfficerFT$205,627$25,634$231,261
Louis RoussosVP Research and AnalyticsFT$194,060$24,598$218,658
David SandersonVP Measurement ServicesFT$188,534$12,702$201,236
Ms Karen CoweChair-$42,000-$42,000
Mr Philip S JacobsVice Chair, Board Member-$33,000-$33,000
Dr Eugene G WhitePast Chair, Board-$30,000-$30,000
Dr Janet WomackSecretary, Board-$25,500-$25,500
Janet WomackBoard Member-$25,500-$25,500
Maya Valencia GoodallBoard Member-$25,500-$25,500
Mr Richard SwartzBoard Member-$25,500-$25,500
Allen SmithBoard Member-$17,000-$17,000
Ellen HaleyBoard Member-$17,000-$17,000
Ms Ellen HaleyBoard Member-$17,000-$17,000
Dr Paul RamseyBoard Member-$16,000-$16,000
Mr Jerry PeacockBoard Member-$16,000-$16,000
Mr Daniel CatonPast Chair-$15,000-$15,000
Dr Denise G BordersBoard Member-$12,000-$12,000
Sister Camille Anne CampbellBoard Member-$12,000-$12,000
Ms Mary Jo KirchnerBoard Member-$8,000-$8,000

Highest Paid Contractors

ContractorServicesLocationCompensation
eMetric LLCTechnology Services211 North Loop 1604 East Suite 170, San Antonio, TX 78232$6,197,882
100 Foley Ave LLCOffice Lease210 Commerce Way Ste 300, Portsmouth, NH 03801$1,473,522
ASL Ed Center LLCProfessional Service1257 Worcester Road Suite 186, Framingham, MA 01701-5217$1,169,219
Breakthrough Technologies LLCTechnology Services1880 Oak Ave Suite 300, Evanston, IL 60201$973,363
Color Wheel LLCProfessional Service61 S Stapely Road, Mesa, AZ 85204$271,179
Revenue and Support

Revenue Composition

Contributions and Grants
$87,500
Program Service Revenue
$135,456,020
Investment Income
$243,521
Other Revenue
$0
All Other Contributions
$87,500
Change in Net Assets
$9,284,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,084,325
Salaries, Compensation, and Employee Benefits$59,417,413
Grants and Similar Amounts Paid$1,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$42,689,740$1,828,517-$44,518,257
Other Salaries and Wages$31,816,029$7,435,338-$39,251,367
Other Employee Benefits$6,082,694$1,421,513-$7,504,207
Information Technology$5,364,891$327,244-$5,692,135
Current Officers, Directors, Trustees, and Key Employees$4,141,002$967,743-$5,108,745
Depreciation Depletion$3,754,852$938,714-$4,693,566
Pension Plan Contributions$3,534,987$826,119-$4,361,106
Travel$3,799,013$457,787-$4,256,800
Payroll Taxes$2,587,334$604,654-$3,191,988
Occupancy$2,525,826$631,456-$3,157,282
Office Expenses$1,082,414$162,633-$1,245,047
Advertising$758,516$108,712-$867,228
Interest$575,607$143,902-$719,509
Insurance$464,865$116,216-$581,081
Fees for Services Accounting-$349,644-$349,644
Other Expenses$151,086$42,668-$193,754
Fees for Services Legal-$57,389-$57,389
Grants to Domestic Orgs$1,200--$1,200
Total Functional Expenses$109,922,762$16,580,176$0$126,502,938
International Activity

International Summary

Offices
1
Employees
13
Spending
$338,578

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesAccreditation and Scho110$218,330
South AmericaProgram ServicesAccreditation & SchImp--$49,136
Central America and the CaribbeanProgram ServicesAccreditation & SchImp01$32,661
East Asia and the PacificProgram ServicesAccreditation & SchImp01$19,618
Europe (Including Iceland and Greenland)Program ServicesAccreditation & SchImp-1$9,843
North AmericaProgram ServicesAccreditation & SchImp--$4,836
Sub-Saharan AfricaProgram ServicesAccreditation & SchImp--$3,154
South AsiaProgram ServicesAccreditation & SchImp--$1,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Leasehold Improvement Liabilit$14,848,491
Deferred Compensation$2,808,101
Due to Related Party - Post Re$681,320
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A (voting Rights)

n/a

Form 990, Part VI, Section A, Line 4

n/a

Form 990, Part VI, Section B, Line 11

The President / CEO, CFO, and Chief Legal Officer review drafts of the Form 990 and discuss any issues with our CPA firm / preparer. The above -listed officers then share and discuss the draft of the Form 990 (with revisions, if any) with members of the Finance Committee of the Board before signing and filing the return.

Form 990, Part VI, Section B, Line 12C

Annually the Board of Directors discuss the Conflict of Interest Policy & Code of Ethics and sign acknowledgement forms.

Form 990, Part VI, Section B, Line 15

The Compensation Committee of the Board of Directors sets the President / CEO's compensation. Their decision is based on comparables among other non-profit entities with similar revenues and similar numbers of employees. Cognia has a Salary Schedule based on Employee Pay Grade; other officers and key employees are compensated based on guidelines within the salary schedule. The President / CEO sets or approves all compensation arrangements based on current market information and employee performance. Independent information obtained through Guidestar Non-Profit Compensation Report and all compensation arrangements are approved by President/CEO.

Form 990, Part VI, Section C, Line 19

Line 9 represents closing of other related party books and including the assets into Cognia's books. Interest Policy, and Whistleblower Policy are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cognia Inc
EIN
20-8613765
In Care Of
% CHANNA WILLIAMS
Phone
6783922285
Address
9115 Westside Parkway, Alpharetta, GA 30009

Signing Officer

Name
Dr Mark A Elgart
Title
President/CEO
Phone
6783922285
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Mark A Elgart
Formed
2006
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
0
Employees
583
Volunteers
18,000

Preparer

Firm
PwC US Tax LLP
Address
1075 Peachtree Street Suite 2600, Atlanta, GA 30309
Preparer
Jason M Levin
Phone
6784191000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Section, Line 9

This represents the amount bought back by Cognia from its related entities and consolidated into one entity going forward.

Form 990 Part IX Line 11G

Description:contract services total fees:44160090

Form 990 Part IX Line 11G

Description:payroll services total fees:184334

Form 990 Part IX Line 11G

Description:other professional services total fees:173833

Financial Statement Notes

Part X, Line 2

See below for the footnote from the consolidated financial statements. Note there are no uncertain tax positions for the entity filing this form 990. The company follows the accounting guidance for uncertainty in income taxes using the provisions of fasb codification topic 740, income taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions initially and subsequently need to be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The company believes that it has appropriate support for the income tax positions taken and to be taken on tax returns, and that its accruals for tax liabilities are adequate based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. The company has not historically had significant amounts of interest or penalties related to income taxes and any such amount would be recorded as income tax expense.

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IRS990/Desc0Cognia, Inc. develops and applies research-based accreditation and school improvement standards, processes, procedures, expertise, and tools that cross state, regional, and international boundaries to effect continuous school improvement through ongoing external checks, support, and feedback. It currently serves as a trusted partner to nearly 36,000 schools and school systems-employing more than five million educators and enrolling over 20 million students-across the United States and 84 other countries.
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IRS990/Form990PartVIISectionAGrp/PersonNm9Channa Williams
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IRS990/Form990PartVIISectionAGrp/PersonNm13Louis Roussos
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IRS990/Form990PartVIISectionAGrp/PersonNm20Janet Womack
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief Legal Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chief Learning Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Global Accred. Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Entrepreneur
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chief Marketing Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chief Policy Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chief Administrative Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Senior VP Leader Development
IRS990/Form990PartVIISectionAGrp/TitleTxt11Senior VP Policy & Advocacy
IRS990/Form990PartVIISectionAGrp/TitleTxt12Deputy Chief Accred Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP Research and Analytics
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP Measurement Services
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice Chair, Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Past Chair, Board
IRS990/Form990PartVIISectionAGrp/TitleTxt18Secretary, Board
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt26Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt27Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt28Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt30Board Member
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$104$63.6$40.9$136$127$9.28
2023Summary only. Only limited summary data is available for this year.$102$71.3$31.2$124$136$12.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.7$79.1$18.6$115$127$11.7
2021Detailed filing. Detailed filing data is available for this year.$102$71.2$31.2$111$114$2.73
2020Detailed filing. Detailed filing data is available for this year.$95.9$62.9$33.0$121$121$0.63
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.3$66.1$32.2$88.7$94.7$6.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.0$27.1$15.9$34.7$36.0$1.27
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$24.4$16.9$32.1$32.4$0.27
2016Detailed filing. Detailed filing data is available for this year.$39.9$23.6$16.3$32.6$33.0$0.33
2015Summary only. Only limited summary data is available for this year.$41.5$24.3$17.1$30.2$29.2$0.98
2014Detailed filing. Detailed filing data is available for this year.$40.5$23.8$16.7$27.5$27.3$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.3$22.9$15.4$27.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$20.5$16.4$24.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.3$19.0$17.3$23.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$14.1$17.0$21.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $100M-$250M nonprofits