SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC (EIN 76-0427292)
Tax period
2023-06-01 to 2024-05-31
Filed
2025-04-07
IRS object ID
202530979349301793
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-07T18:10:29-05:00ReturnTs
Tax Period End2024-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1950 NORTH GLEBE ROAD SUITE 1200AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760427292EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOUTHERN ASSOCIATION OF COLLEGE ANDBusinessNameLine1Txt
Business Name Line2UNIVERSITY BUSINESS OFFICERS INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone2062107751PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 N 107TH ST SUITE 330AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98133ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLISA MAZUREPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2062107751PhoneNum
Signature2025-04-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT WILLIAMSPreparerPersonNm
PTINP01345960PTIN
Phone5712279500PhoneNum
Preparation2025-04-01PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNOEL SLOANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 N 107TH ST SUITE 330AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98133ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,729,642GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SACUBO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1928FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO INFORM HIGHER EDUCATION INSTITUTIONS IN THE SOUTHERN U.S. ON ISSUES THAT AFFECT THEM.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers87TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$316,950PYContributionsGrantsAmt
CY Contributions Grants$366,407CYContributionsGrantsAmt
PY Program Service Revenue$981,193PYProgramServiceRevenueAmt
CY Program Service Revenue$1,033,366CYProgramServiceRevenueAmt
PY Investment Income-$1,387PYInvestmentIncomeAmt
CY Investment Income$22,273CYInvestmentIncomeAmt
PY Other Revenue$50PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,296,806PYTotalRevenueAmt
CY Total Revenue$1,422,046CYTotalRevenueAmt
PY Grants And Similar Paid$14,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$20,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,471,776PYOtherExpensesAmt
CY Other Expenses$1,415,983CYOtherExpensesAmt
PY Total Expenses$1,485,776PYTotalExpensesAmt
CY Total Expenses$1,435,983CYTotalExpensesAmt
PY Revenues Less Expenses-$188,970PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$13,937CYRevenuesLessExpensesAmt
Total Assets BOY$1,360,421TotalAssetsBOYAmt
Total Assets EOY$1,677,297TotalAssetsEOYAmt
Total Liabilities BOY$335,782TotalLiabilitiesBOYAmt
Total Liabilities EOY$531,467TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,024,639NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,145,830NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS, INC (SACUBO) CONTRIBUTES TO SUPERIOR HIGHER EDUCATION FINANCIAL AND ADMINISTRATIVE SERVICES BY PROVIDING RELEVANT PROFESSIONAL DEVELOPMENT, THOUGHT LEADERSHIP AND ISSUE ADVOCACY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$533,023ExpenseAmt
Grant$3,000GrantAmt
Revenue$784,063RevenueAmt
DescANNUAL CONFERENCE - ANNUAL MEETING OF BUSINESS OFFICERS FOR PURPOSE OF CONTINUING EDUCATION AND MANAGEMENT OF BUSINESS AFFAIRS OF EDUCATIONAL INSTITUTIONS. THE 2024 ANNUAL MEETING WAS HELD IN LOUISVILLE, KY FROM APRIL 14-26, 2024. THERE WERE TWO GENERAL SESSIONS, FASB/GASB UPDATES, EIGHT CONCURRENT SESSIONS, AND A MYRIAD OF NETWORKING OPPORTUNITIES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$209,051ExpenseAmt
Grant$5,000GrantAmt
Revenue$150,385RevenueAmt
DescFALL WORKSHOP - SACUBO'S FALL WORKSHOP TAKES PLACE ANNUALLY. THE WORKSHOP FEATURES NATIONALLY RECOGNIZED SPEAKERS AND SUBJECT-MATTER EXPERTS ON A VARIETY OF TOPICS OF IMPORTANCE TO HIGHER EDUCATION BUSINESS PROFESSIONALS. THE 2024 FALL WORKSHOP WAS HELD IN AUSTIN, TX FROM OCTOBER 30-NOVEMBER 1, 2024.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$99,480ExpenseAmt
Revenue$98,918RevenueAmt
DescWOMEN'S LEADERSHIP FORUM -SACUBO HOSTED ITS 9TH ANNUAL WOMEN'S LEADERSHIP FORUM ON FEBRUARY 68, 2024 IN BIRMINGHAM, AL. THIS WAS TWO-DAY FORUM FOR CURRENT AND FUTURE WOMEN LEADERS IN HIGHER EDUCATION. THE PROGRAM IS DESIGNED TO PROVIDE SPEAKERS WHO ARE EXPERTS IN TOPICS RELATED TO WOMEN IN LEADERSHIP POSITIONS, HIGH-LEVEL EXECUTIVE COACHING SESSIONS, INTERACTIVE GROUP DISCUSSIONS, AND NETWORKING OPPORTUNITIES TO HELP YOU POSITION YOURSELF FOR EFFECTIVE LEADERSHIP AND EXECUTIVE PLACEMENT.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$219,936ExpenseAmt
Grant$12,000GrantAmt
DescCOLLEGE BUSINESS MANAGEMENT INSTITUTE - CO-SPONSORED BY SACUBO AND THE UNIVERSITY OF KENTUCKY, THE COLLEGE BUSINESS MANAGEMENT INSTITUTE (CBMI) OFFERS AN INTENSIVE COURSE OF STUDY IN BUSINESS AND FINANCIAL MANAGEMENT FOR ADMINISTRATORS OF COLLEGES AND UNIVERSITIES. RANGING FROM ENTRY-LEVEL TO ADVANCED, OVER 70 COURSES WERE TAUGHT DURING CBMI 2024 BY DISTINGUISHED FACULTY WHO ARE PRACTICING ADMINISTRATORS AND LEADERS IN THEIR FIELDS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$219,936TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$12,000TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$1,061,490TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing AddressYes (1)OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SBI ASSOCIATION MANAGEMENTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2062107751PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 N 107TH ST SUITE 330AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98133ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NOEL SLOAN
PRESIDENT6.00Yes (X)Yes (X)$0$0$0
DARRELL DUNCAN
1ST VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
DEBBIE WALKER
2ND VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
JEREMY DIGORIO
3RD VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
BRENNA DIXON
SECRETARY4.00Yes (X)Yes (X)$0$0$0
MICHAEL EBBS
TREASURER4.00Yes (X)Yes (X)$0$0$0
JOHN CRAWFORD
IMMEDIATE PAST PRESIDENT2.00Yes (X)$0$0$0
JAMIE LOFTIN
CHAIR PROF. DEV. COMMITTEE2.00Yes (X)$0$0$0
BRETT POWELL
CO-CHAIR PROF. DEV. COMMITEE2.00Yes (X)$0$0$0
KELLY EPTING
CO-CHAIR PROF. DEV. COMMITTEE6.00Yes (X)$0$0$0
RANDY ELLIS
BUS PARTNER RELATIONS COORD.6.00Yes (X)$0$0$0
UNDRIA STALLING
DIVERSITY, EQUITY & INCLUSION COORD.2.00Yes (X)$0$0$0
WILLIAM NELSON
MEMBERS AT LARGE2.00Yes (X)$0$0$0
STAN SULLIVANT
MEMBERS AT LARGE2.00Yes (X)$0$0$0
JUAN CASTILLO
MEMBERS AT LARGE2.00Yes (X)$0$0$0
CHRIS GARDNER
MEMBERS AT LARGE2.00Yes (X)$0$0$0
LISA MAZURE
CONSTITUENT CHAIR2.00Yes (X)$0$0$0
BRYAN ELMORE
CONSTITUENT CHAIR2.00Yes (X)$0$0$0
KIM HADLEY
CONSTITUENT CHAIR2.00Yes (X)$0$0$0
ANTRAMEKA KNIGHT
CONSTITUENT CHAIR2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SBI ASSOCIATION MANAGEMENTBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 N 107TH ST SUITE 330AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98133ZIPCd
FieldValueIRS element (for citing)
ServicesASSOCIATION AND EVENTS MANAGEMENT SERVICServicesDesc
Compensation$288,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$366,407AllOtherContributionsAmt
Total Contributions$366,407TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REGISTRATION611430$588,497$588,497
MEMBERSHIP DUES900099$325,619$325,619
EXHIBITOR FEES611430$119,250$119,250
FieldValueIRS element (for citing)
Total Program Service Revenue$1,033,366TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,595TotalRevenueColumnAmt
Exclusion$16,595ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$313,274SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$307,596SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,678SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,678TotalRevenueColumnAmt
Exclusion$5,678ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,422,046TotalRevenueColumnAmt
Related Or Exempt Func Income$1,033,366RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$22,273ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$17,000TotalAmt
Program Services$17,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Program Services$3,000ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$368,964TotalAmt
Program Services$71,204ProgramServicesAmt
Management And General$297,760ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$27,430TotalAmt
Management And General$27,430ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$9,241TotalAmt
Management And General$9,241ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$489TotalAmt
Management And General$489ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$13,656TotalAmt
Program Services$8,073ProgramServicesAmt
Management And General$5,583ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$59,132TotalAmt
Program Services$45,493ProgramServicesAmt
Management And General$13,639ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$23,151TotalAmt
Program Services$13,685ProgramServicesAmt
Management And General$9,466ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$96,956TotalAmt
Program Services$96,956ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$749,977TotalAmt
Program Services$749,977ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,312TotalAmt
Program Services$3,731ProgramServicesAmt
Management And General$2,581ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
GIFTS AND AWARDS$9,321$5,510$3,811
DUES/SUBSCRIPTIONS$3,057$1,807$1,250
GRAPHIC DESIGN$2,957$1,748$1,209

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$45,340TotalAmt
Program Services$43,306ProgramServicesAmt
Management And General$2,034ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,435,983TotalAmt
Program Services$1,061,490ProgramServicesAmt
Management And General$374,493ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$473,310BOYAmt
EOY$478,257EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$84,126EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$94,529BOYAmt
EOY$115,425EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,103BOYAmt
EOY$143,976EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$791,479BOYAmt
EOY$855,513EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,360,421BOYAmt
EOY$1,677,297EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$90,082BOYAmt
EOY$237,545EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$245,700BOYAmt
EOY$293,922EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$335,782BOYAmt
EOY$531,467EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,024,639BOYAmt
EOY$1,145,830EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,024,639BOYAmt
EOY$1,145,830EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,360,421BOYAmt
EOY$1,677,297EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$13,937ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$135,128NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$157,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$218,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$333,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$316,950CurrentTaxYearMinus1YearAmt
Current Tax Year$366,407CurrentTaxYearAmt
Total$1,391,857TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$406,649CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$490,365CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$898,625CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$981,193CurrentTaxYearMinus1YearAmt
Current Tax Year$1,033,366CurrentTaxYearAmt
Total$3,810,198TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$564,149CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$708,365CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,231,625CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,298,143CurrentTaxYearMinus1YearAmt
Current Tax Year$1,399,773CurrentTaxYearAmt
Total$5,202,055TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$110,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$105,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$142,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,970CurrentTaxYearMinus1YearAmt
Current Tax Year$109,000CurrentTaxYearAmt
Total$590,470TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$110,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$105,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$142,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,970CurrentTaxYearMinus1YearAmt
Current Tax Year$109,000CurrentTaxYearAmt
Total$590,470TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$4,611,585PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,549CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,028CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,576CurrentTaxYearMinus1YearAmt
Current Tax Year$16,595CurrentTaxYearAmt
Total$71,686TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,549CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,028CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,576CurrentTaxYearMinus1YearAmt
Current Tax Year$16,595CurrentTaxYearAmt
Total$71,686TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$50CurrentTaxYearMinus1YearAmt
Total$50TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$579,698CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$720,303CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,246,653CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,310,769CurrentTaxYearMinus1YearAmt
Current Tax Year$1,416,368CurrentTaxYearAmt
Total$5,273,791TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.87440PublicSupportCY509Pct
Public Support PY5090.86360PublicSupportPY509Pct
Investment Income CY0.01360InvestmentIncomeCYPct
Investment Income PY0.01430InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$791,479BeginningYearBalanceAmt
Investment Earnings Or Losses$148,160InvestmentEarningsOrLossesAmt
End Year Balance$939,639EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$785,574BeginningYearBalanceAmt
Investment Earnings Or Losses$5,905InvestmentEarningsOrLossesAmt
End Year Balance$791,479EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$938,327ContributionsAmt
Investment Earnings Or Losses-$152,753InvestmentEarningsOrLossesAmt
End Year Balance$785,574EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,547,933TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$135,128NetUnrealizedGainsInvstAmt
Revenue Not Reported$135,128RevenueNotReportedAmt
Revenue Subtotal$1,412,805RevenueSubtotalAmt
Investment Expenses Not Incld$9,241InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$9,241RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,422,046TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,426,742TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,426,742ExpensesSubtotalAmt
Investment Expenses Not Incld2$9,241InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$9,241ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,435,983TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:SACUBO'S SPENDING POLICY FOR ITS QUASI-ENDOWMENT FUND IS DESIGNED TO STABILIZE ANNUAL SPENDING LEVELS AND PRESERVE THE REAL VALUE OF THE ENDOWMENT OVER TIME. THE AMOUNT OF QUASI-ENDOWMENT RETURN AVAILABLE FOR CURRENT SPENDING (DISTRIBUTION) DURING A FISCAL YEAR SHALL BE DETERMINED ON THE BASIS OF THE AVERAGE MARKET VALUE OF THE 12 MOST RECENT TRAILING QUARTERS AS OF THE PRECEDING DECEMBER 31ST ("AVERAGE MARKET VALUE"). THE ANNUAL DISTRIBUTION SHALL BE CALCULATED AS 5% OF THE AVERAGE MARKET VALUE.
PART X, LINE 2:SACUBO IS EXEMPT FROM THE PAYMENT OF TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED AS OF MAY 31, 2024 AND 2023, AS SACUBO HAD NO NET UNRELATED BUSINESS INCOME. SACUBO'S INCOME TAX RETURN IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. SACUBO IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY OF KENTUCKY-CBMIBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1322 PETERSON SERVICE BUILDING 411AddressLine1Txt
Address Line2SOUTH LIMESTONEAddressLine2Txt
CityLEXINGTONCityNm
State AbbreviationKYStateAbbreviationCd
ZIP40506ZIPCd
FieldValueIRS element (for citing)
Recipient EIN616001218RecipientEIN
IRC Section501(C)3IRCSectionDesc
Cash Grant$12,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantSCHOLARSHIPPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP - 2024 ANNUAL MEETINGGrantTypeTxt
Recipient3RecipientCnt
Cash Grant$3,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SACUBO BOARD OF DIRECTORS MAY ESTABLISH SCHOLARSHIPS AND AWARDS AND A PROCESS FOR GRANTING THEM. AWARD AND SCHOLARSHIP CRITERIA SHALL BE ESTABLISHED BY THE APPROPRIATE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. CURRENTLY, ALL SCHOLARSHIPS GO THROUGH AN APPLICATION PROCESS AND A COMMITTEE REVIEWS THEM APPLICANTS. EACH YEAR WHEN SETTING THE BUDGET THE BOARD DECIDES HOW MUCH TO GRANT IN SCHOLARSHIPS. AFTER THE EVENT, SACUBO PROVIDES THE SCHOLARSHIP TO THE RECIPIENTS UNIVERSITY AFTER CONFIRMING PARTICIPATION IN SAID EVENT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1AALL EXEC COMMITTEE MEMBERS ARE ON THE BOARD. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF SEVEN (7) MEMBERS: THE IMMEDIATE PAST PRESIDENT, THE PRESIDENT, FIRST VICE PRESIDENT, SECOND VICE PRESIDENT, THIRD VICE PRESIDENT, SECRETARY, AND TREASURER. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT FOR THE BOARD BETWEEN ITS MEETINGS ON MATTERS REQUIRING IMMEDIATE ATTENTION INCLUDING REPLACEMENT APPOINTMENTS IN THE EVENT OF EMERGENCY RESIGNATIONS OR FAILURE TO PERFORM. THE EXECUTIVE COMMITTEE SHALL HAVE FULL POWER TO TRANSACT ALL NECESSARY BUSINESS OF THE BOARD OF DIRECTORS SPECIFICALLY COMMITTED TO IT IN HARMONY WITH THE GENERAL POLICY OF THE BOARD OF DIRECTORS MADE AND DETERMINED AT STATED OR SPECIAL MEETINGS. THE EXECUTIVE COMMITTEE SHALL MEET ON THE CALL OF THE PRESIDENT AT SUCH TIME AND PLACE AS SHALL BE DESIGNATED IN THE CALL. FOUR MEMBERS OF THE COMMITTEE SHALL CONSTITUTE A QUORUM.
FORM 990, PART VI, SECTION A, LINE 3SBI ASSOCIATION MANAGEMENT. EXECUTIVE DIRECTOR MEGAN MILLER. MEGAN IS SBI EMPLYEE
FORM 990, PART VI, SECTION A, LINE 6SACUBO'S "REGULAR MEMBERS" HAVE THE RIGHT TO VOTE.
FORM 990, PART VI, SECTION A, LINE 7ASACUBO'S "REGULAR MEMBERS" HAVE THE RIGHT TO VOTE ANNUALLY OR AT SPECIAL MEETINGS ON THE MEMBERSHIP DUES. MEMBERS CAN ALSO VOTE ON THE BUDGET, OFFICERS FOR THE UPCOMING YEAR AND ANY CHANGES IN BYLAWS.
FORM 990, PART VI, SECTION A, LINE 7BSACUBO'S "REGULAR MEMBERS" HAVE THE RIGHT TO VOTE ANNUALLY OR AT SPECIAL MEETINGS ON THE MEMBERSHIP DUES. MEMBERS CAN ALSO VOTE ON THE BUDGET, OFFICERS FOR THE UPCOMING YEAR, AND ANY CHANGES IN BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FEDERAL FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE REQUIRED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY CONFLICTS OF INTEREST. THE SECRETARY IS RESPONSIBLE FOR REPORTING POTENTIAL CONFLICTS TO THE EXECUTIVE COMMITTEE FOR REVIEW, AND A FULL REPORT IS MADE BY THE SECRETARY TO THE BOARD ANNUALLY AT A BOARD MEETING. IN THE EVENT OF A CONFLICT DURING THE YEAR, THE BOARD MEMBER WITH THE CONFLICT WOULD RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE.
FORM 990, PART VI, SECTION C, LINE 19SACUBO MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.