Civic Intelligence

National Council for State Authorization Reciprocity Agreements

EIN 47-4382124 • 501(c)3 • Boulder, CO

Profile

National Council for State Authorization Reciprocity Agreements (NC-SARA) is committed to supporting the establishment of an effective and efficient state-level reciprocity process that will allow students across the country to enjoy increased access to higher education opportunities and will reflect the core aims of efficiently ensuring quality programs and consumer protection in a rapidly changing education landscape.

3005 Center Green Drive 130Boulder, CO 80301

nc-sara.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.62x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

89th percentile

$454,009

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

47th percentile

5.6%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,809,413

Up $1,869,833 (+12%) from 2024

Liabilities

Up

$5,208,549

Up $253,408 (+5.1%) from 2024

Net Assets

Up

$12,600,864

Up $1,616,425 (+15%) from 2024

Revenue

Up

$8,433,292

Up $448,567 (+5.6%) from 2024

Expenses

Up

$7,304,469

Up $437,038 (+6.4%) from 2024

Net Income

Up

$1,128,823

Up $11,529 (+1.0%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2015: $73,992Liabilities 2015: $216,882Net Assets 2015: -$142,8902015Assets 2016: $1,927,492Liabilities 2016: $2,413,315Net Assets 2016: -$485,8232016Assets 2017: $4,218,603Liabilities 2017: $3,292,916Net Assets 2017: $925,6872017Assets 2018: $6,867,583Liabilities 2018: $3,472,491Net Assets 2018: $3,395,0922018Assets 2019: $9,644,256Liabilities 2019: $3,701,814Net Assets 2019: $5,942,4422019Assets 2020: $12,144,416Liabilities 2020: $4,063,439Net Assets 2020: $8,080,9772020Assets 2021: $14,134,083Liabilities 2021: $4,310,221Net Assets 2021: $9,823,8622021Assets 2022: $12,855,079Liabilities 2022: $4,506,991Net Assets 2022: $8,348,0882022Assets 2023: $14,448,169Liabilities 2023: $5,168,670Net Assets 2023: $9,279,4992023Assets 2024: $15,939,580Liabilities 2024: $4,955,141Net Assets 2024: $10,984,4392024Assets 2025: $17,809,413Liabilities 2025: $5,208,549Net Assets 2025: $12,600,8642025

Highlighted filing

2025

Assets$17,809,413
Liabilities$5,208,549
Net Assets$12,600,864

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $212,000Expenses 2015: $354,890Net Income 2015: -$142,8902015Revenue 2016: $2,427,998Expenses 2016: $2,591,953Net Income 2016: -$163,9552016Revenue 2017: $4,309,774Expenses 2017: $2,898,264Net Income 2017: $1,411,5102017Revenue 2018: $5,793,263Expenses 2018: $3,323,858Net Income 2018: $2,469,4052018Revenue 2019: $6,508,871Expenses 2019: $3,961,521Net Income 2019: $2,547,3502019Revenue 2020: $6,915,380Expenses 2020: $4,776,845Net Income 2020: $2,138,5352020Revenue 2021: $7,648,359Expenses 2021: $6,459,087Net Income 2021: $1,189,2722021Revenue 2022: $7,738,196Expenses 2022: $8,086,484Net Income 2022: -$348,2882022Revenue 2023: $7,801,869Expenses 2023: $7,981,668Net Income 2023: -$179,7992023Revenue 2024: $7,984,725Expenses 2024: $6,867,431Net Income 2024: $1,117,2942024Revenue 2025: $8,433,292Expenses 2025: $7,304,469Net Income 2025: $1,128,8232025

Highlighted filing

2025

Revenue$8,433,292
Expenses$7,304,469
Net Income$1,128,823

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$8,697,025
Mission and Program Overview

Mission

National council for state authorization reciprocity agreements (nc- sara) is committed to supporting the establishment of an effective and efficient state-level reciprocity process that will allow students across the country to enjoy increased access to higher eduction opportunities and will reflect the core aims of efficiently ensuring quality programs and consumer protection in a rapidly changing education landscape.

National Council for State Authorization Reciprocity Agreements (NC-SARA) is committed to supporting the establishment of an effective and efficient state-level reciprocity process that will allow students across the country to enjoy increased access to higher education opportunities and will reflect the core aims of efficiently ensuring quality programs and consumer protection in a rapidly changing education landscape.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,923,360$7,895,155▲ $971,795
Savings and Temporary Cash Investments$3,588,520$4,324,159▲ $735,639
Prepaid Expenses and Deferred Charges$2,449,413$2,768,301▲ $318,888
Investments Other Securities$1,810,233$1,759,092▼ $51,141
Cash and Non-Interest-Bearing Accounts$530,106$500,100▼ $30,006
Intangible Assets$13,709$97,011▲ $83,302
Land, Buildings, and Equipment, Net$53,196$39,693▼ $13,503
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$15,939,580$17,809,413▲ $1,869,833
Other Assets Total$571,043$425,902▼ $145,141
Liabilities
Deferred Revenue$4,063,454$4,452,174▲ $388,720
Unsecured Notes Loans Payable$589,095$448,588▼ $140,507
Accounts Payable and Accrued Expenses$302,592$307,787▲ $5,195
Total Liabilities$4,955,141$5,208,549▲ $253,408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,984,439$12,600,864▲ $1,616,425
Total Net Assets Fund Balance$10,984,439$12,600,864▲ $1,616,425
Total Liabilities and Net Assets / Fund Balance$15,939,580$17,809,413▲ $1,869,833

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,653$69,168$97,821
Equipment$11,040$60,814$71,854
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marianne Boeke PhDPresidentFT$380,771$73,238$454,009
Jeannie Yockey-FineSenior Vice Pres & General CounselFT$249,895$28,515$278,410
Terri Taylor-StrautSr Director Edu ProgFT$147,485$55,903$203,388
Stacey HoganDirector of Comm (fmr)FT$140,393$43,504$183,897
Raymond AudettSenior Director for ITFT$161,637$19,481$181,118
Emily CrawfordDirector of StateFT$127,749$42,623$170,372
Ashley RasmussenSenior Director of FinanceFT$150,401$19,278$169,679
Rachel ChristesonS.Director of ResearchFT$143,328$18,007$161,335
Schuyler PerrySec of BoardFT$98,513$14,236$112,749
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,169,050
Investment Income
$264,242
Other Revenue
$0
Change in Net Assets
$1,128,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,433,292
Revenue Not Reported on Form 990
$487,602
Total Revenue per Audited Statements
$8,920,894
Total Revenue per Form 990
$8,433,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,702,756
Salaries, Compensation, and Employee Benefits$3,370,900
Grants and Similar Amounts Paid$230,813
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,339,457$398,023-$1,737,480
Current Officers, Directors, Trustees, and Key Employees$609,684$408,935-$1,018,619
Conferences and Meetings$340,183$112,248-$452,431
Information Technology$199,866$163,542-$363,408
Other Employee Benefits$176,492$56,024-$232,516
Grants to Domestic Orgs$230,813--$230,813
Fees for Services Other$218,120$9,990-$228,110
Payroll Taxes$146,641$58,694-$205,335
Depreciation Depletion$141,901$56,798-$198,699
Pension Plan Contributions$135,062$41,888-$176,950
Occupancy$78,684$31,494-$110,178
Other Expenses$60,037$40,167-$100,204
Fees for Services Accounting-$83,980-$83,980
All Other Expenses$41,265$6,236-$47,501
Office Expenses$6,897$17,987-$24,884
Total Functional Expenses$5,805,326$1,499,143$0$7,304,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,304,469
Total Expenses per Audited Statements$7,304,469
Total Expenses per Form 990$7,304,469
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Board of Postsec InstitutionsSt Thomas, VIU.S. Virgin IslandsAlloc to members - state support$7,500
CO Dept of Higher EduDenver, COColoradoAlloc to members - state support$7,500
CT Office of Higher EduHartford, CTConnecticutAlloc to members - state support$7,500
Commonwealth of MA DHEBoston, MAMassachusettsAlloc to members - state support$7,500
GA Nonpublic Postsec Edu CommTucker, GAGeorgiaAlloc to members - state support$7,500
Higher Edu Aids BoardMadison, WIWisconsinAlloc to members - state support$7,500
Indiana Comm for Higher EduIndianapolis, INIndianaAlloc to members - state support$7,500
Iowa College AidDes Moines, IAIowaAlloc to members - state support$7,500
MD Higher Edu CommissionBaltimore, MDMarylandAlloc to members - state support$7,500
MN Office of Higher EduSt Paul, MNMinnesotaAlloc to members - state support$7,500
MO - Dept of HEWDJefferson City, MOMissouriAlloc to members - state support$7,500
Maine Dept of EducationAugusta, MEMaineAlloc to members - state support$7,500
NC SEAA UNC System OfficeRaleigh, NCNorth CarolinaAlloc to members - state support$7,500
ND Uni System OfficeBismarck, NDNorth DakotaAlloc to members - state support$7,500
NH Dept of EducationConcord, NHNew HampshireAlloc to members - state support$7,500
Nj- OsheTrenton, NJNew JerseyAlloc to members - state support$7,500
OK State Rgnts for Higher EduOklahoma City, OKOklahomaAlloc to members - state support$7,500
Or - HeccSalem, OROregonAlloc to members - state support$7,500
SCHEV - Council of Higher EduRichmond, VAVirginiaAlloc to members - state support$7,500
SD Board of RegentsPierre, SDSouth DakotaAlloc to members - state support$7,500
State of MichiganLansing, MIMichiganAlloc to members - state support$7,500
TN Higher Edu CommissionNashville, TNTennesseeAlloc to members - state support$7,500
TX Higher Edu Coord BoardAustin, TXTexasAlloc to members - state support$7,500
The South Comm on Higher EduColumbia, SCSouth CarolinaAlloc to members - state support$7,500
WV Higher Edu Policy CommCharleston, WVWest VirginiaAlloc to members - state support$7,500
KY Council on Postsec EduFrankfort, KYKentuckyAlloc to members - state support$6,918
AL Commission on Higher EduMontgomery, ALAlabamaAlloc to members - state support$6,000
DE - Dept of EduDover, DEDelawareAlloc to members - state support$5,899
NY State Edu DepartmentAlbany, NYNew YorkAlloc to members - state support$5,770
MS Ins of Higher LearningJackson, MSMississippiAlloc to members - state support$5,572
AK Comm on Postsecondary EduJuneau, AKAlaskaAlloc to members - state support$5,445
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Midwestern Higher EdBoard MemberRegion Compact Dist.Yes$467,782
NE Board of Higher EducaBoard MemberRegion Compact Dist.Yes$467,782
Southern Regional Ed BrdBoard MemberRegion Compact DistYes$467,782
Western Interstate CommBoard MemberRegion Compact Dist.Yes$467,782

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

NC-SARA shall be made up of 17 to 24 individual National Council Members. Council Members should come from the range of impacted groups to assure a wide range of support as the Interstate Reciprocity Agreements are promoted and implemented, while also taking into consideration the neeed for those groups to have a permanent voice. Council Members should be drawn from all institutional sectors (including large and small-scale distance education providers), regional and national accreditation agencies, and state officials including state regulators and state higher education executive officers.

Form 990, Part VI, Section B, Line 11B

The Board of Directors are provided with a copy of a draft Form 990 for review prior to filing.

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

Board Members are recused from voting on any matters in which they may have a conflict of interest.

Form 990, Part VI, Section B, Line 15A

The Board of Directors reviews and approves compensation for the Executive Director. This process is done before the beginning of each fiscal year.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public on its website and upon request.

Filing and Contact Details

Filer

Filer Name
National Council for State Authorization
EIN
47-4382124
Phone
7206801600
Address
3005 Center Green Drive 130, Boulder, CO 80301

Signing Officer

Name
Robert Anderson
Title
Chairman
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Anderson
Formed
2015
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
17
Employees
20
Volunteers
17

Preparer

Firm
Tandem CPAs
Address
199 S Taylor Avenue 400, Louisville, CO 80027
Preparer
Jill D Zadorozny CPA
Phone
3034997445
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IRS990/Form990PartVIISectionAGrp/PersonNm0Marianne Boeke PhD
IRS990/Form990PartVIISectionAGrp/PersonNm1Jeannie Yockey-Fine
IRS990/Form990PartVIISectionAGrp/PersonNm2Terri Taylor-Straut
IRS990/Form990PartVIISectionAGrp/PersonNm3Stacey Hogan
IRS990/Form990PartVIISectionAGrp/PersonNm4Raymond Audett
IRS990/Form990PartVIISectionAGrp/PersonNm5Emily Crawford
IRS990/Form990PartVIISectionAGrp/PersonNm6Ashley Rasmussen
IRS990/Form990PartVIISectionAGrp/PersonNm7Rachel Christeson
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IRS990/Form990PartVIISectionAGrp/PersonNm9Barbara Gellman-Danley
IRS990/Form990PartVIISectionAGrp/PersonNm10Rob Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm11Eduardo M Ochoa
IRS990/Form990PartVIISectionAGrp/PersonNm12John Cavanaugh
IRS990/Form990PartVIISectionAGrp/PersonNm13Art Coleman
IRS990/Form990PartVIISectionAGrp/PersonNm14Lanna Dueck
IRS990/Form990PartVIISectionAGrp/PersonNm15Laurie Dodge
IRS990/Form990PartVIISectionAGrp/PersonNm16Carlos Morales
IRS990/Form990PartVIISectionAGrp/PersonNm17Susan G Heegaard
IRS990/Form990PartVIISectionAGrp/PersonNm18Demaree Michelau
IRS990/Form990PartVIISectionAGrp/PersonNm19Cam Maeyaert
IRS990/Form990PartVIISectionAGrp/PersonNm20Coleen Arviso
IRS990/Form990PartVIISectionAGrp/PersonNm21Terrence Scarborough
IRS990/Form990PartVIISectionAGrp/PersonNm22John Ware
IRS990/Form990PartVIISectionAGrp/PersonNm23Michael Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm24Joan Wodiska
IRS990/Form990PartVIISectionAGrp/PersonNm25Sarah Armstrong Tucker
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Sr Dir Edu Prog
IRS990/Form990PartVIISectionAGrp/TitleTxt3Dir of Comm (fmr)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Senior Dir for IT
IRS990/Form990PartVIISectionAGrp/TitleTxt5Dir of State
IRS990/Form990PartVIISectionAGrp/TitleTxt6Senior Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt7S.Dir of Research
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IRS990/MissionDesc0National Council for State Authorization Reciprocity Agreements (NC-SARA) is committed to supporting the establishment of an effective and efficient state-level reciprocity process that will allow students across the country to enjoy increased access to higher education opportunities and will reflect the core aims of efficiently ensuring quality programs and consumer protection in a rapidly changing education landscape.
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