2023-03-30T21:09:43-05:00 2022-09-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2021-10-01 341986692 BUSINESS - HIGHER EDUCATION FORUM BUSI 2023671189 ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 2023671189 2023-03-30 1 BRIAN FITZGERALD 999009999 KAY VOLLANS CPA P01404047 3015643636 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRIAN K FITZGERALD ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 2890638 0 X WWW.BHEF.COM X 2004 DC TO ADVANCE INNOVATION SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES. 16 16 11 17 0 0 940944 1567438 1025000 1200020 17190 46397 6 0 1983140 2813855 0 0 0 0 1837849 1661027 0 0 0 634297 712194 2472146 2373221 -489006 440634 1952069 2129134 718938 665867 1233131 1463267 X BHEF IS A MEMBERSHIP ORGANIZATION OF CORPORATE AND UNIVERSITY EXECUTIVE LEADERS THAT BUILDS PATHWAYS BETWEEN HIGHER EDUCATION AND THE WORKFORCE TO HELP EMPLOYERS FILL HIGH-DEMAND ROLES. THE BUSINESS-HIGHER EDUCATION FORUM IS A MEMBERSHIP ORGANIZATION THAT CONNECTS HIGHER EDUCATION INSTITUTIONS TO BUSINESS TALENT DEMAND. CORPORATE EXECUTIVES AND UNIVERSITY PRESIDENTS JOIN BHEF TO ANTICIPATE SKILLS NEEDS AND IMPROVE PATHWAYS BETWEEN HIGHER EDUCATION AND WORKFORCE. BHEF HELPS MEMBERS AND STRATEGIC PARTNERS: IDENTIFY HIGH-VALUE EMERGING SKILLS, DEVELOP PATHWAYS THAT QUICKLY SOURCE HIGH-VALUE TALENT, AND LEAD ACTION-ORIENTED FORUMS AND PARTNERSHIPS. 0 0 598420 1200020 MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF CONDUCTING MEMBERSHIP ACTIVITY, WHICH INVOLVES RECRUITMENT, RETENTION, AND COMMUNICATION. THIS IS ACHIEVED THROUGH IN-PERSON PHONE MEETINGS, CORRESPONDENCE, AND COMMUNICATION. 357971 THE JPMC PROJECT IMPLEMENTS PROJECTS WITH BUSINESS ROUNDTABLE (BRT) COMPANIES IN IDENTIFIED REGIONS TO ACCELERATE ACCESS TO COMPETITIVE, READY-TO-WORK LEARNERS WITH IN-DEMAND SKILLS; FOSTER HIGH-PERFORMING INDUSTRY-HIGHER EDUCATION PARTNERSHIPS; AND EXPAND BUSINESS COMMITMENTS TO HIRING AND UPSKILLING WITH A FOCUS ON DIVERSE, TRADITIONALLY UNDERREPRESENTED POPULATIONS IN THE WORKFORCE. IN ADDITION TO SUPPORTING THE INDIVIDUAL REGIONAL PROJECTS, BHEF CONNECTS PARTNERS AND CAPTURES LEARNING ACROSS THE DIFFERENT INITIATIVES. THIS KNOWLEDGE CAPTURE WILL ALLOW ALL BRT AND BHEF MEMBERS TO BENEFIT AND LEARN FROM THE ACTIVITIES IN THIS WORK. 121070 ECMC - THE CONNECTICUT DIGITAL TALENT ECOSYSTEM INITIATIVE (DTEI), LED BY THE BUSINESS-HIGHER EDUCATION FORUM (BHEF) AND THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE) WITH SUPPORT FROM THE ECMC FOUNDATION, WILL PARTNER WITH CONNECTICUT'S COLLEGE OF TECHNOLOGY, COMMUNITY COLLEGES AND EMPLOYERS TO DEVELOP NEW CREDENTIALS AND PATHWAYS TO DIGITAL SKILLS, PARTICULARLY FOR UNDER AND UNEMPLOYED INDIVIDUALS IMPACTED BY THE COVID-19 PANDEMIC. 570649 HIGHER EDUCATION WORKFORCE INITIATIVE (HEWI) - TO EXPAND OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS IN THE AREAS OF STEM, DATA SCIENCE, AND CYBERSECURITY.TECH TALENT ACCELERATE SUPPORTS ACADEMIC INSTITUTIONS AND BUSINESSES IN CONNECTICUT IN DEVELOPING NEW ACADEMIC CREDENTIALS THAT ADDRESS PRESSING DIGITAL TECHNOLOGY SKILLS GAPS IN THE STATE. BHEF WORKS INDIVIDUALLY WITH COLLEGES AND UNIVERSITIES AND ALSO CONNECTS PARTNERS THROUGH A COMMUNITY OF PRACTICE. BHEF CAPTURES AND SHARES LEARNING WITHIN CONNECTICUT AND ACROSS BHEF'S MEMBERSHIP.CONFERENCES BHEF CONDUCTS SEMI-ANNUAL MEMBER CONFERENCES TO SUSTAIN THE CONTINUING DIALOGUE BETWEEN IT'S CORPORATE AND ACADEMIC MEMBERS AND FOUNDATION AND STRATEGIC PARTNERS ON ISSUES RELATED TO THE HIGHER EDUCATION, BUSINESS TALENT NEEDS, AND WORKFORCE DEVELOPMENT POLICY-MAKERS FROM STATE AND FEDERAL GOVERNMENTS ARE OFTEN INVITED TO PARTICIPATE IN THESE DISCUSSIONS. ACADEMIC, BUSINESS, AND PHILANTHROPIC LEADERS AT THE CUTTING-EDGE OF TECHNOLOGIES AND EDUCATIONAL PROGRAMMING PARTICIPATE. MANY GIVE PRESENTATIONS ON SUCCESSFUL LOCAL EDUCATIONAL EFFORTS THAT MAY BE APPLICABLE ON A BROADER REGIONAL OR NATIONAL SCALE. BHEF ALSO HOSTS VIRTUAL AND IN-PERSON CONVENINGS ON TOPICS AT THE INTERSECTION OF BUSINESS AND HIGHER EDUCATION. 570649 1648110 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 12 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X STACEY BROWN 2023671189 ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 MARY PAPAZIAN CHAIR 1.00 X X 0 0 0 BRIAN A NAPACK VICE CHAIR 1.00 X X 0 0 0 JOSEPH E AOUN BOARD MEMBER 1.00 X 0 0 0 JEFFREY D ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 BRANDON BUSTEED BOARD MEMBER 1.00 X 0 0 0 JOHN J DEGIOIA BOARD MEMBER 1.00 X 0 0 0 WAYNE A I FREDERICK BOARD MEMBER 1.00 X 0 0 0 LISA GEVELBER BOARD MEMBER 1.00 X 0 0 0 DAVID HARRIS BOARD MEMBER 1.00 X 0 0 0 LAURA K IPSEN BOARD MEMBER 1.00 X 0 0 0 EARL F MARTY MARTINN BOARD MEMBER 1.00 X 0 0 0 RYAN OAKES BOARD MEMBER 1.00 X 0 0 0 JUDY D OLIAN BOARD MEMBER 1.00 X 0 0 0 JAY A PERMAN BOARD MEMBER 1.00 X 0 0 0 BRIAN ROACH BOARD MEMBER 1.00 X 0 0 0 TIMOTHY D SANDS BOARD MEMBER 1.00 X 0 0 0 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 40.00 X 343606 0 33946 DANIELLE TROYAN VP OF MEMBERSHIP 40.00 X 198634 0 19733 JENNIFER THORNTON VP OF PROGRAMS 40.00 X 179961 0 21280 STACEY BROWN SR. DIRECTOR OF FIN & ADMIN 40.00 X 147462 0 16742 JANET CHEN DIRECTOR 40.00 X 121058 0 12632 990721 0 104333 5 0 1 0 RUDNICKI CONSULTING 804 5TH STREET MANHATTAN BEACH CA 90266 MEMBER SERVICES RESTRUCTURING CONSULTING 135000 1 1567438 1567438 MEMBERSHIP DUES 611710 1200020 1200020 1200020 23180 23180 100000 76783 23217 23217 23217 2813855 1200020 0 46397 X 370365 148146 222219 1088978 861339 227639 55094 44521 10573 47455 37506 9949 99135 69279 29856 8946 8946 25993 18751 7242 400624 286987 113637 94698 51645 43053 18499 9265 9234 118265 11135 107130 35285 34044 1241 6759 6759 3125 3125 OVERHEAD/G&A ALLOCATION 0 75492 -75492 2373221 1648110 725111 0 748150 1136005 54132 26837 44601 35219 22074 16317 12516 5757 1135285 871184 11517 0 1952069 2129134 124349 135143 550000 475000 44589 55724 718938 665867 X 1166860 682644 66271 780623 1233131 1463267 1952069 2129134 440634 -210498 0 X X 0 1 X 1 0 X 2170305 2296868 1554887 940944 1567438 8530442 2170305 2296868 1554887 940944 1567438 8530442 2614056 5916386 22399 27208 25724 17190 23180 115701 6 6 8646149 7099423 0.68430 0.80060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22074 16317 5757 5757 DEFERRED LEASE LIABILITY 55724 55724 X 2603357 -210498 -210498 2813855 0 2813855 2373221 0 2373221 0 2373221 PART X, LINE 2: THE FORUM IS EXEMPT FROM INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE (IRS). THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FORUM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FORUM AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LABILITIES FOR FISCAL YEARS 2022 AND 2021. THE FORUM'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. GENERALLY, THE TAX YEARS BEFORE 2019 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. 1 X X X X 1 0 0 0 0 0 0 0 0 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 323606 0 20000 0 0 0 19416 0 14530 0 377552 0 0 0 DANIELLE TROYAN VP OF MEMBERSHIP 175242 0 0 0 23392 0 10515 0 9218 0 218367 0 0 0 JENNIFER THORNTON VP OF PROGRAMS 169961 0 10000 0 0 0 10198 0 11082 0 201241 0 0 0 STACEY BROWN SR. DIRECTOR OF FIN & ADMIN 137462 0 10000 0 0 0 8248 0 8494 0 164204 0 0 0 PART I, LINE 4A DANIELLE TROYAN RECEIVED A SEVERANCE PAYMENT OF $23,392. FORM 990, PART VI, SECTION A, LINE 6 THE FORUM HAS ONE CLASS OF MEMBERSHIP WITH NO RESTRICTIONS ON THE NUMBER OF MEMBERS. MEMBERS WILL CONSIST OF CEOS OR OTHER APPROPRIATE SENIOR EXECUTIVES OF MAJOR AMERICAN BUSINESS ORGANIZATIONS, PRESIDENTS AND CHANCELLORS OF RECOGNIZED COLLEGES AND UNIVERSITIES AS WELL AS OTHER APPROPRIATE SENIOR EXECUTIVES OF SEVERAL FOUNDATIONS AND ASSOCIATIONS OF PRESIDENTS OF HIGHER EDUCATION INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ELECTED BY THE FORUM'S MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B ACTIONS MAY BE TAKEN BY MEMBERS OF THE FORUM AT A SEMI-ANNUAL MEETING, VIA TELECONFERENCE OR E-MAIL OR BY ANY OTHER MECHANISM THAT THE CHAIR MAY DESIGNATE; SUCH ACTIONS MAY BE APPROVED BY A VOTE OF THE MAJORITY OF MEMBERS PRESENT OR PARTICIPATING. THE CHAIR SHALL GIVE MEMBERS REASONABLE NOTICE OF SUCH VOTES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO ALL BOARD MEMBERS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN A COI AND UPDATE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY USING AN EXTERNAL COMPENSATION CONSULTANT. THE BOARD MAINTAINS RECORDS OF CEO SALARY INCREASES AND BOARD APPROVALS. 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 WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTING/CONTRACTING: PROGRAM SERVICE EXPENSES 281,987. MANAGEMENT AND GENERAL EXPENSES 113,037. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 395,024. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,600.