2024-05-15T10:39:15-05:00 2023-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-07-01 521945674 AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES AMER 2023873760 1818 R STREET NW WASHINGTON DC 20009 LYNN PASQUERELLA PRESIDENT 2023873760 2024-05-15 1 LYNN PASQUERELLA 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LYNN PASQUERELLA 1818 R STREET NW WASHINGTON DC 20009 23625984 0 X WWW.AACU.ORG X 1994 DC TO ADVANCE THE VITALITY AND PUBLIC STANDING OF LIBERAL EDUCATION. 23 22 62 34 73831 57231 7455420 4684109 8871347 10059750 180753 306960 44741 3380 16552261 15054199 1433921 1400991 0 0 6099725 7017107 0 0 242074 4902484 6431509 12436130 14849607 4116131 204592 22290827 21674851 6018894 5233731 16271933 16441120 X AAC&U ADVANCES THE DEMOCRATIC PURPOSES OF HIGHER EDUCATION BY PROMOTING EQUITY, INNOVATION, AND EXCELLENCE IN LIBERAL EDUCATION. 0 0 4408040 1400991 0 GRANT FUNDED PROGRAMS TO STUDY, RESEARCH AND ADDRESS COMMON EDUCATIONAL ISSUES AS WELL AS TARGETED AREAS OF CONCERN, IN EFFORTS TO ADVANCE THE BROAD INDIVIDUAL AND SOCIETAL PURPOSES OF LIBERAL EDUCATION. 2530600 0 255000 PROGRAMS TO STUDY AND RESEARCH COMMON EDUCATIONAL PROBLEMS AND ISSUES, IN EFFORTS TO ADVANCE THE BROAD INDIVIDUAL AND SOCIETAL PURPOSES OF LIBERAL EDUCATION. 2574233 0 3682750 MEETINGS AND OTHER COMMUNICATIONS OF THE ASSOCIATION WITH ITS MEMBERS REGARDING ISSUES AFFECTING HIGHER EDUCATION. THE ANNUAL MEETING, HELD EACH JANUARY, ATTRACTS OVER 1,300 ATTENDEES. SIX INSTITUTES AND FOUR TOPICAL MEETINGS WERE ALSO HELD. 651287 0 5682364 MEMBERSHIP SERVICES RECRUITS NEW MEMBERS, DEVELOPS STRATEGIES TO RETAIN MEMBERS, ASSESSES MEMBER SATISFACTION, ANSWERS MEMBER INQUIRIES, PREPARES MATERIALS CONCERNING MEMBER BENEFITS, AND MAINTAINS MEMBERSHIP RECORDS. 391475 0 441513 OTHER PROGRAM SERVICES: AAC&U PUBLICATIONS FOCUS ON TEACHING, LEARNING, CURRICULUM, AND ACADEMIC LEADERSHIP. JOURNALS AND OTHER MATERIALS ARE PUBLISHED TO PROVIDE THE MEMBERSHIP WITH INFORMATION ON METHODS OF EDUCATION. EACH ISSUE OF OUR THREE PERIODICALS IS DISTRIBUTED TO APPROXIMATELY 7,000 MEMBERS AND PAID SUBSCRIBERS. WE ALSO HAVE OVER 80 PUBLICATION TITLES AVAILABLE FOR SALE. 991303 0 0 COMMUNICATIONS AND PUBLIC AFFAIRS 2034065 0 6123877 11546938 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 220 0 1 62 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA IL IN KS KY MA MD ME MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X CHIFFON HAGGINS 2023873760 1818 R STREET NW WASHINGTON DC 20009 LYNN PASQUERELLA PRESIDENT 35.00 X X 727274 0 50492 MARY DANA HINTON PAST CHAIR 5.00 X X 0 0 0 MARY ANN VILLARREAL CHAIR 5.00 X X 0 0 0 TIMOTHY EATMAN VICE CHAIR 5.00 X X 0 0 0 DAVID WILSON TREASURER 5.00 X X 0 0 0 LENORE RODICIO PAST CHAIR (UNTIL 01/2023) 5.00 X X 0 0 0 ADAM BUSH DIRECTOR 2.00 X 0 0 0 ANDREA CHAPDELAINE DIRECTOR 2.00 X 0 0 0 BRANDON BUSTEED DIRECTOR 2.00 X 0 0 0 CHARLES MROESSEL DIRECTOR 2.00 X 0 0 0 CHRISTINA CUTLIP DIRECTOR 2.00 X 0 0 0 EDUARDO OCHOA DIRECTOR 2.00 X 0 0 0 ELIZABETH HOWE BRADLEY DIRECTOR 2.00 X 0 0 0 FREDERICK LAWRENCE DIRECTOR 2.00 X 0 0 0 JESSICA RIDDELL DIRECTOR 2.00 X 0 0 0 JOHNATHAN ALGER DIRECTOR 2.00 X 0 0 0 LANISA KITCHINER DIRECTOR 2.00 X 0 0 0 MIKE FLORES DIRECTOR 2.00 X 0 0 0 NANCY CABLE DIRECTOR 2.00 X 0 0 0 PAMELA EDDINGER DIRECTOR 2.00 X 0 0 0 RANA SOBH DIRECTOR 2.00 X 0 0 0 RANDY WILLIAMS DIRECTOR 2.00 X 0 0 0 SANTA ONO DIRECTOR 2.00 X 0 0 0 SUZANNE MRIVERA DIRECTOR 2.00 X 0 0 0 YVES SALOMON-FERNANDEZ DIRECTOR (UNTIL 01/2023) 2.00 X 0 0 0 MELVINA NORRIED-THOMAS VP, HUMAN RESOURCES, ADMINISTRATION AND FACILITIES 35.00 X 192950 0 36932 DAWN WHITEHEAD VP, GLOBAL CITIZEN FOR CAMPUS 35.00 X 182208 0 33434 KATHRYNE MCCONELL VP, CURRICULAR AND PEDAGOGICAL INNOVATION 35.00 X 170594 0 51162 KELLY MACK VP, UNDERGRAD STEM EDUCATION 35.00 X 214849 0 36304 ASHLEY FINLEY VP, RESEARCH AND SENIOR ADVISOR TO THE PRESIDENT 35.00 X 172389 0 27595 TIA MCNAIR VP, DIVERSITY, EQUITY AND STUDENT SUCCESS 35.00 X 214014 0 43789 1874278 0 279708 14 0 1 0 FORD AGENCY 1660 L ST NW 200 WASHINGTON DC 20036 TEMPORARY EMPLOYEE SERVICES 183510 AMERICAN AV INC 151 KITTY HAWK DRIVE MORRISVILLE NC 27560 AV SERVICES 166773 KATE WINTER EVALUATION 704 MEDINAH RD MELBOURNE FL 32940 EVALUATION CONSULTANT 151625 GPRA STRATEGIC MANAGEMENT INC 3929 SHAFTSBURY COURT WHITE PLAINS MD 20695 EVENT FACILITATION 145849 OPTIMAL NETWORKS INC 15201 DIAMONDBACK DR 220 ROCKVILLE MD 20850 IT CONSULTANT 144190 6 2771260 1912849 4684109 MEMBERSHIP DUES 900099 5682364 5682364 CONFERENCES 900099 3682750 3682750 MEETING SPONSORSHIPS 541800 393192 319361 73831 EDUCATIONAL PROGRAMS 900099 255000 255000 PUBLICATIONS 513120 46444 46444 10059750 331157 331157 1503 1503 8547588 8571785 -24197 -24197 -24197 1877 1877 1877 15054199 9987796 73831 308463 X 333722 333722 1024638 1024638 42631 42631 1023699 686041 308454 29204 4533045 3022503 1381926 128616 398874 281998 104828 12048 698502 493829 183574 21099 362987 256626 95397 10964 10827 10827 48613 48613 11758 11758 2288631 1901592 386748 291 62796 56754 6042 519235 467613 44751 6871 691586 451975 239173 438 211185 1992 209193 461526 344271 107405 9850 1555560 1510933 43685 942 37116 37116 82302 82302 EQUIPMENT 151399 151399 MAINTENANCE & REPAIRS 99914 40 99874 STAFF SERVICES AND RELA 79359 13118 65527 714 OVERHEAD ALLOCATION 0 456189 -475601 19412 119702 49074 69003 1625 14849607 11546938 3060595 242074 6741944 4966248 1733530 1670291 152700 196466 333846 482159 2933620 1938347 562891 995273 12366857 12628853 304207 399059 431354 22290827 21674851 895210 924761 2631274 2436397 2492410 1872573 6018894 5233731 X 12506480 13159474 3765453 3281646 16271933 16441120 22290827 21674851 X 204592 -38806 3401 X 0 1 X 1 1 1 X 4351055 2988441 3538477 7455420 4684109 23017502 9966870 9315131 8222240 8871347 10059750 46435338 14317925 12303572 11760717 16326767 14743859 69452840 2214567 803935 119083 762322 506508 4406415 0 2214567 803935 119083 762322 506508 4406415 65046425 184380 184889 124761 182771 334660 1011461 47461 79400 57601 33931 45212 263605 231841 264289 182362 216702 379872 1275066 191108 4910 374571 42751 1877 615217 14740874 12572771 12317650 16586220 15125608 71343123 0.91170 0.89670 0.01790 0.01520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 191,108. 2019 AMOUNT: $ 4,910. 2020 AMOUNT: $ 374,571. 2021 AMOUNT: $ 42,751. 2022 AMOUNT: $ 1,877. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 213664 19109 232773 247013 -33349 213664 194638 58553 6178 247013 193871 4980 4213 194638 187233 8177 1539 193871 0.50000 0.50000 0 0 96350 96350 1755670 866395 889275 1061622 1051974 9648 19978 19978 0 995273 REFUNDABLE ADVANCES 930553 ACCRUED POST RETIREMENT MEDICAL BENEFITS 190287 DEFERRED COMPENSATION 431354 OPERATING LEASE LIABILITY 320379 1872573 X 15007036 -38806 3401 -35405 15042441 11758 11758 15054199 14837849 0 14837849 11758 11758 14849607 PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF CONTRIBUTIONS FROM THE FORD FOUNDATION FOR A RESEARCH AND DEVELOPMENT FUND, THE EARNINGS OF WHICH ARE TO BE USED TO IMPROVE THE STATUS OF WOMEN ON CAMPUS, AND CONTRIBUTIONS FROM ELISABETH A. ZINSER ENDOWMENT FUND FOR INNOVATION IN LIBERAL EDUCATION. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES, EXCEPT FOR TAX ON UNRELATED BUSINESS INCOME, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS OTHER THAN A PRIVATE FOUNDATION. UNRELATED BUSINESS TAXABLE INCOME PERTAINING TO ACTIVITIES NOT DIRECTLY RELATED TO ITS NONPROFIT PURPOSE IS SUBJECT TO INCOME TAXES. THE ASSOCIATION INCURRED INCOME TAXES OF APPROXIMATELY $17,000 AND $13,000 FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY, RELATED TO UNRELATED BUSINESS TAXABLE INCOME. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAXES ON UNCERTAIN TAX POSITIONS, IF ANY, IN GENERAL AND ADMINISTRATIVE EXPENSES ON THE STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS AND ACCOUNTS PAYABLE IN THE STATEMENTS OF FINANCIAL POSITION. THERE IS NO PROVISION IN THESE FINANCIAL STATEMENTS FOR PENALTIES AND INTEREST RELATED TO INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. TAX YEARS PRIOR 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: POST-RETIREMENT MEDICAL PLAN CHANGES OTHER THAN NET PERIODIC COST 3,401. 1 EAST ASIA AMD PACIFIC 0 0 GRANTS TO RECIPIENTS 42631 0 0 0 0 0 0 42631 0 42631 EAST ASIA AND THE PACIFIC CREATE A VIRTUAL EXCHANGE COLLABORATIVE ONLINE 42631 WIRE TRANSFER 0 1 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 ALAMO COMMUNITY COLLEGE DISTRICT 2222 N ALAMO ST SAN ANTONIO TX 78215 746002173 115 23000 0 TRUTH, RACIAL HEALING AND TRANSFORMATION INITIATIVE GPRA STRATEGIC MANAGEMENT 3929 SHAFTSBURY COURT WHITE PLAINS MD 20695 264460340 197440 0 UNDERGRADUATE STEM EDUCATION REFORM QUINNIPIAC UNIVERSITY 275 MT CARMEL AVE HAMDEN CT 06518 060646701 501(C)(3) 18750 0 THE VALUE OF ALIGNING ASSIGNMENTS FOR LEARNING PROJECT; OPEN EDUCATIONAL RESOURCES ST EDWARD'S UNIVERSITY 3001 SOUTH CONGRESS AVENUE AUSTIN TX 78704 741109641 501(C)(3) 15000 0 THE VALUE OF ALIGNING ASSIGNMENTS FOR LEARNING PROJECT WOMEN IN ENGINEERING PROGRAMS AND ADVOCATES NETWORK 2001 L ST NW SUITE 500-50176 WASHINGTON DC 20036 521729532 501(C)(3) 50000 0 CONVERGENCE PROGRAM 4 1 GRANT TO IMPLEMENT ACTION PLAN 1 3000 PARTICIPANT SUPPORT 205 1021638 PART I, LINE 2: THE PRINCIPAL INVESTIGATOR (PI) OR PROJECT DIRECTOR (PD) HAS THE PRIMARY RESPONSIBILITY FOR MONITORING THE SUBRECIPIENT'S PROGRESS AND ENSURING COMPLIANCE WITH FEDERAL REGULATIONS AND AAC&U GUIDANCE. SUBAWARDEES ARE REQUIRED TO SUBMIT PROGRESS REPORTS AND FINANCIAL REPORTS AND THOSE REPORTS MUST BE PROMPTLY REVIEWED BY THE PI/PD AND CORRECTIVE ACTIONS TAKEN WHEN PROGRESS IS UNSATISFACTORY OR EXPENSES ARE QUESTIONABLE. AAC&U MUST FOLLOW UP AND ENSURE THAT THE SUBAWARDEE TAKES TIMELY AND APPROPRIATE ACTION ON ALL DEFICIENCIES PERTAINING TO FEDERAL AWARDS THAT ARE IDENTIFIED THROUGH AUDITS, ON-SITE REVIEWS, REPORTS, AND OTHER MEANS. IN THE CASE OF CONTINUED NONCOMPLIANCE, AAC&U RESERVES THE RIGHT TO WITHHOLD FUTURE PAYMENTS AND/OR REQUEST A REFUND OF THE GRANT AWARD. X X X X 1 1 X X 0 0 0 0 0 0 0 1 0 LYNN PASQUERELLA PRESIDENT 609024 0 60000 0 58250 0 38982 0 11510 0 777766 0 0 0 TIA MCNAIR VP, DIVERSITY, EQUITY AND STUDENT SU 210810 0 0 0 3204 0 24811 0 18978 0 257803 0 0 0 KELLY MACK VP, UNDERGRAD STEM EDUCATION 214573 0 0 0 276 0 24839 0 11465 0 251153 0 0 0 MELVINA NORRIED-THOMAS VP, HUMAN RESOURCES, ADMINISTRATION 190429 0 0 0 2521 0 21674 0 15258 0 229882 0 0 0 KATHRYNE MCCONELL VP, CURRICULAR AND PEDAGOGICAL INNOV 168933 0 0 0 1661 0 19332 0 31830 0 221756 0 0 0 DAWN WHITEHEAD VP, GLOBAL CITIZEN FOR CAMPUS 181949 0 0 0 259 0 20109 0 13325 0 215642 0 0 0 ASHLEY FINLEY VP, RESEARCH AND SENIOR ADVISOR TO T 172209 0 0 0 180 0 18482 0 9113 0 199984 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVED ALLOWANCES FOR HOUSING, FIRST-CLASS INTERNATIONAL TRAVEL, AND COMPANION TRAVEL. THE VICE PRESIDENTS RECEIVED REIMBURSEMENT FOR HEALTH CLUB DUES. ALL OF THE ITEMS LISTED ABOVE ARE INCLUDED IN THE EMPLOYEES' TAXABLE WAGES. PART I, LINE 7 THE BONUSES WERE AWARDED BASED UPON ANNUAL PERFORMANCE, AND APPROVED BY THE BOARD. PIERCE KUCHLE FAMILY MEMBER OF PRESIDENT 19350 PHOTOGRAPHY SERVICES 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD CONSISTING OF THE OFFICERS OF THE ASSOCIATION AND BOARD MEMBERS-AT-LARGE APPOINTED BY AND FROM AMONG THE BOARD. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE THE FULL POWER OF THE BOARD BETWEEN MEETINGS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE CANNOT OVERRULE ANY PRIOR BOARD ACTION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: AFFILIATE MEMBERS AND REGULAR MEMBERS. EACH REGULAR MEMBER IS ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY THE VOTING REPRESENTATIVES AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD HAS FULL POWER AND AUTHORITY TO MANAGE THE AFFAIRS, FUNDS, AND PROPERTY OF THE ASSOCIATION. THE BOARD AT ITS DISCRETION MAY REFER ANY MATTER OVER WHICH IT HAS POWER AND AUTHORITY TO ITS MEMBERS FOR CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE CPA FIRM OF COHNREZNICK LLP BASED ON INFORMATION PROVIDED BY THE ASSOCIATION. THE COMPLETED FORM IS REVIEWED BY THE DIRECTOR, FINANCE AND ADMINISTRATION AND THEN GIVEN TO THE FINANCE COMMITTEE FOR REVIEW. AFTER THE FINANCE COMMITTEE APPROVES THE FORM, IT IS SENT TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD AND STAFF MEMBERS AT THE LEVEL OF DIRECTOR AND ABOVE MUST COMPLETE AN ANNUAL DISCLOSURE FORM. THE DIRECTOR, FINANCE AND ADMINISTRATION REVIEWS ALL THE FORMS AND IF A RESPONSE INDICATES A CONFLICT, THE DIRECTOR, FINANCE AND ADMINISTRATION WOULD CONFER WITH THE PRESIDENT (OR BOARD CHAIR IN THE CASE OF A BOARD MEMBER) TO DECIDE WHAT ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND DIRECTOR, FINANCE AND ADMINISTRATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. SALARY DATA FROM AN ANNUAL SURVEY OF HIGHER EDUCATION ASSOCIATIONS IS REVIEWED BY THE COMMITTEE AND DISCUSSED WITHOUT THE PRESIDENT AND DIRECTOR, FINANCE AND ADMINISTRATION BEING PRESENT. THE COMPENSATION IS VOTED ON BY THE COMMITTEE AND THE DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 16,871. MANAGEMENT AND GENERAL EXPENSES 3,431. FUNDRAISING EXPENSES 3. TOTAL EXPENSES 20,305. COMMISSIONED RESEARCH: PROGRAM SERVICE EXPENSES 39,539. MANAGEMENT AND GENERAL EXPENSES 8,041. FUNDRAISING EXPENSES 6. TOTAL EXPENSES 47,586. CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,207,511. MANAGEMENT AND GENERAL EXPENSES 245,585. FUNDRAISING EXPENSES 185. TOTAL EXPENSES 1,453,281. HONORARIA: PROGRAM SERVICE EXPENSES 193,121. MANAGEMENT AND GENERAL EXPENSES 39,277. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 232,428. PROJECT EVALUATOR: PROGRAM SERVICE EXPENSES 54,631. MANAGEMENT AND GENERAL EXPENSES 11,111. FUNDRAISING EXPENSES 8. TOTAL EXPENSES 65,750. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 19,476. MANAGEMENT AND GENERAL EXPENSES 3,961. FUNDRAISING EXPENSES 3. TOTAL EXPENSES 23,440. STIPENDS: PROGRAM SERVICE EXPENSES 237,560. MANAGEMENT AND GENERAL EXPENSES 48,316. FUNDRAISING EXPENSES 35. TOTAL EXPENSES 285,911. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 128,853. MANAGEMENT AND GENERAL EXPENSES 26,206. FUNDRAISING EXPENSES 20. TOTAL EXPENSES 155,079. RESEARCH FIRM: PROGRAM SERVICE EXPENSES 4,030. MANAGEMENT AND GENERAL EXPENSES 820. FUNDRAISING EXPENSES 1. TOTAL EXPENSES 4,851. FORM 990, PART XI, LINE 9: POST-RETIREMENT MEDICAL PLAN CHANGES OTHER THAN NET PERIODIC COST 3,401.