2026-06-02T13:28:39-05:00 2025-08-31 455297192 RYAN GUNSAULS & O'DONNELL LLC 5590 EAST YALE AVENUE SUITE 201 DENVER CO 80222 990 2024-09-01 830395730 HERS-HIGHER EDUCATION RESOURCE SERVICES HERS 3038716866 1901 E ASBURY AVE 220 DENVER CO 802081002 GLORIA THOMAS PRESIDENT 3038716866 2026-05-28 1 1 KATHERINE T MOELLER CPA P01270619 3037585558 2026-05-28 2024 2025-03-06 01:10:19Z GLORIA THOMAS 1901 E ASBURY AVE 220 DENVER CO 802081002 2152058 0 X WWW.HERSNETWORK.ORG X 2004 CO HERS IS DEDICATED TO CREATING AND SUSTAINING A DIVERSE COMMUNITY OF LEADERS THROUGH LEADERSHIP DEVELOPMENT PROGRAMS AND OTHER STRATEGIES, WITH A COMMITMENT TO ACHIEVING EQUITY, INCLUSIVITY AND EXCELLENCE IN HIGHER EDUCATION. 15 15 10 0 0 0 1263072 283627 2482257 1753228 136381 115203 0 0 3881710 2152058 0 0 0 0 1103146 1018049 0 0 248484 1482999 1586503 2586145 2604552 1295565 -452494 3812778 3466587 626267 559348 3186511 2907239 X HERS IS DEDICATED TO CREATING AND SUSTAINING A DIVERSE COMMUNITY OF LEADERS THROUGH LEADERSHIP DEVELOPMENT PROGRAMS AND OTHER STRATEGIES, WITH A COMMITMENT TO ACHIEVING EQUITY, INCLUSIVITY AND EXCELLENCE IN HIGHER EDUCATION. 0 0 1782403 1753228 HERS (HIGHER EDUCATION RESOURCE SERVICES) IS A LEADERSHIP DEVELOPMENT AND RESEARCH ORGANIZATION DEDICATED TO CREATING AND SUSTAINING A DIVERSE NETWORK OF LEADERS IN HIGHER EDUCATION. HERS PROGRAMS ARE OPEN TO ALL GENDERS WHO SUPPORT THIS MISSION, HERS HISTORICALLY FOCUSED ON OFFERING PROGRAMS FOR WOMEN LEADERS IN HIGHER EDUCATION. CURRENTLY,OUR PROGRAMS SPAN THE CAREER LIFE CYCLE FOR ALL LEADERS, FROM ALL INSTITUTION TYPES, AND ALL BACKGROUNDS. HERS IS UNIQUE IN THAT WE PRIORITIZE EQUITY IN LEADERSHIP AS A WAY OF CREATING EQUITABLE OPPORTUNITIES TO THRIVE FOR ALL COLLEGE AND UNIVERSITY CAMPUS CONSTITUENTS. CONTINUED ON SCHEDULE O.FOUNDED IN 1972, HERS PROUDLY SERVES AS A NETWORK FOR HIGHER EDUCATION LEADERS AND IS BUILDING A REPOSITORY OF DATA AND RESOURCES FOR LEADERS WHO SEEK TO ADVANCE THEIR CAREERS,AND THEIR LEADERSHIP PRACTICE IN HIGHER EDUCATION. 1782403 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X THE ORGANIZATION 3038716866 1901 E ASBURY AVE 220 DENVER CO 802081002 KIMBERLY KVAAL BOARD CHAIR 2.00 X X 0 0 0 KRISTEN HODGE-CLARK VICE-CHAIR 2.00 X X 0 0 0 ANTIONETTE MARBRAY SECRETARY 2.00 X X 0 0 0 SANDRA CASSADY TREASURER 2.00 X X 0 0 0 BROOKE BARNETT DIRECTOR 1.00 X 0 0 0 SUE BORREGO DIRECTOR 1.00 X 0 0 0 ISABELLE CHERNEY DIRECTOR 1.00 X 0 0 0 KRISTIN ESTERBERG DIRECTOR 1.00 X 0 0 0 STEPHANIE FUJII DIRECTOR 1.00 X 0 0 0 BEATRIZ GONZALEZ DIRECTOR 1.00 X 0 0 0 DEBORA JOHNSON-ROSS DIRECTOR 1.00 X 0 0 0 JANN JOSEPH DIRECTOR 1.00 X 0 0 0 PAMELA SCOTT-JOHNSON DIRECTOR 1.00 X 0 0 0 NORA MILLER DIRECTOR 1.00 X 0 0 0 LYNNETTE ZELEZNY DIRECTOR 1.00 X 0 0 0 GLORIA THOMAS PRESIDENT 40.00 X 259928 0 14944 SHANNON B LUNDEEN VICE PRESIDENT 40.00 X 188847 0 12918 448775 0 27862 2 0 1 0 YOUR PART-TIME CONTROLLER LLC 1401 LAWRENCE ST DENVER CO 80202 ACCOUNTING 171235 1 283627 283627 PROGRAM FEES 611430 1536148 1536148 OTHER REVENUES 611430 217080 217080 1753228 87083 87083 28120 0 28120 28120 28120 2152058 1753228 0 115203 X 410045 282931 57406 69708 394167 271975 55184 67008 60605 41817 8485 10303 84282 58155 11799 14328 68950 47575 9653 11722 24258 21762 329 2167 5849 1482 3613 754 187385 47475 115742 24168 373210 94555 230520 48135 45904 17335 28402 167 340275 317990 22285 111185 103942 7219 24 5076 4011 1065 3193 3193 5359 5359 CATERING 283018 272151 10867 HONORARIA 185662 185662 INSTITUTE MATERIALS 8719 8625 94 MISC EXPENSE 7410 4960 2450 2604552 1782403 573665 248484 32244 456526 1312306 673933 150000 13994 197652 22200 181799 38635 45102 40250 8045 4852 1930732 2256447 3812778 3466587 160019 179194 466248 380154 626267 559348 X 1968680 2038468 1217831 868771 3186511 2907239 3812778 3466587 X -452494 155009 18213 X 0 0 0 X 47036 181535 88222 1263072 283627 1863492 1042192 1699863 2186257 2482257 1753228 9163797 1089228 1881398 2274479 3745329 2036855 11027289 22000 22400 29600 23875 34050 131925 0 22000 22400 29600 23875 34050 131925 10895364 36540 44400 61284 136381 87083 365688 36540 44400 61284 136381 87083 365688 27211 47463 -42129 69429 28120 130094 1152979 1973261 2293634 3951139 2152058 11523071 0.94550 0.94620 0.03170 0.03020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1092811 1092811 1000000 1.00000 0 0 45102 40250 4852 4852 X 2333031 155009 25964 180973 2152058 0 2152058 2630516 25964 25964 2604552 0 2604552 PART V, LINE 4: THE GOVERNING BOARD OF HERS DESIGNATED $1,000,000 OF ITS NET ASSETS AS AN ENDOWMENT. SINCE THIS RESTRICTION WAS NOT IMPOSED BY A DONOR, THIS ENDOWMENT IS CLASSIFIED AS WITHOUT DONOR RESTRICTIONS FOR FINANCIAL STATEMENT PURPOSES. THIS BOARD DESIGNATED ENDOWMENT WILL BE UTILIZED AS A STRATEGIC RESOURCE AVAILABLE TO HERS. DECISIONS ON HOW THE ENDOWMENT WILL BE USED WILL BE DETERMINED BY A THREE-FOURTHS VOTE FROM THE ELECTED VOTING MEMBERS OF THE BOARD. AT AUGUST 31, 2025 AND 2024, THE BOARD-DESIGNATED BALANCE OF THIS ENDOWMENT INVESTMENTS AND RELATED NET ASSETS WAS $1,000,000 IN EACH YEAR. HERS ESTABLISHED AN INVESTMENT ACCOUNT SEPARATE FROM OPERATING INVESTMENTS THAT INCLUDES THE BOARD DESIGNATED PORTION OF $ 1,000,000, AS OF AUGUST 31, 2025 AND 2024, RESPECTIVELY. THE INVESTMENT ACCOUNT TOTALS $2,363,635 AND $2,056,192, RESPECTIVELY, AS OF AUGUST 31, 2025 AND 2024. THE PORTION OF THE ENDOWMENT INVESTMENT ACCOUNT IN EXCESS OF $1,000,000 IS CLASSIFIED ON THE STATEMENT OF FINANCIAL POSITION AS SHORT-TERM OR LONG-TERM INVESTMENTS DEPENDING ON THE INVESTMENT HOLDINGS AT AUGUST 31,2025 AND 2024. PART X, LINE 2: HERS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. HERS IS, HOWEVER, SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED TAXABLE INCOME FOR THE YEAR ENDED AUGUST 31, 2025 AND 2024. HERS HAS ADOPTED THE PROVISIONS OF INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, HERS APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. HERS ANALYZED ITS TAX POSITIONS TAKEN ON THEIR FEDERAL TAX RETURNS FOR THE OPEN TAX YEARS 2021 THROUGH 2023. BASED ON THEIR ANALYSIS, HERS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT HERS SHOULD PREVAIL UPON EXAMINATION BY TAXING AUTHORITIES. X X 0 0 0 0 0 0 0 0 0 GLORIA THOMAS PRESIDENT 259928 0 0 0 0 0 8112 0 6832 0 274872 0 0 0 SHANNON B LUNDEEN VICE PRESIDENT 188847 0 0 0 0 0 6937 0 5981 0 201765 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 SEE PDF ATTACHMENT FOR AMENDED BY-LAWS-OCTOBER 28, 2024. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS INDIVIDUALS AND ENTITIES FOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE BOARD CHAIR IMMEDIATELY ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY WHEN CONFLICTS OF INTEREST ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WITH COMPARABILITY DATA FOR DETERMINING COMPENSATION. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 94,555. MANAGEMENT AND GENERAL EXPENSES 230,520. FUNDRAISING EXPENSES 48,135. TOTAL EXPENSES 373,210. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT 18,213.