2023-07-20T15:26:37-05:00 2022-09-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-10-01 530196573 AMERICAN COUNCIL ON EDUCATION AMER 2029399330 ONE DUPONT CIRCLE NW 800 WASHINGTON DC 200361193 MOSES P YOMI AVP, FINANCE & BUDGET 2029399339 2023-07-18 1 MOSES YOMI 999009999 AARON M FOX P01365820 2022274000 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z THEODORE R MITCHELL ONE DUPONT CIRCLE NW 800 WASHINGTON DC 200361193 41719917 0 X WWW.ACENET.EDU X 1918 DC CONSENSUS LEADER ON HIGHER EDUCATION ISSUES & COORDINATING BODY FOR UNITED STATES HIGHER ED. 41 41 153 43 134400 0 6141600 5502448 20024396 21185209 2472221 2229735 6274960 5543005 34913177 34460397 203292 292525 0 0 18588893 19019902 0 0 970817 17158046 14093502 35950231 33405929 -1037054 1054468 87315703 75911406 18909040 16033468 68406663 59877938 X THE AMERICAN COUNCIL ON EDUCATION (ACE) IS A MEMBERSHIP ORGANIZATION THAT MOBILIZES THE HIGHER EDUCATION COMMUNITY TO SHAPE EFFECTIVE PUBLIC POLICY AND FOSTER INNOVATIVE, HIGH-QUALITY PRACTICE. ACE IS THE MAJOR COORDINATING BODY FOR HIGHER EDUCATION IN THE UNITED STATES. 0 0 7850977 6855708 ADULT LEARNING AND EDUCATIONAL CREDENTIALS: ACE'S LEARNING EVALUATIONS (FORMERLY CREDIT) HELPS COLLEGES AND UNIVERSITIES GRANT CREDIT FOR WORKPLACE LEARNING AND TRAINING TO IMPROVE ACCESS TO AND SUCCESS IN POSTSECONDARY EDUCATION. ACE VALIDATES A WIDE VARIETY OF EDUCATION AND TRAINING PROGRAMS FROM COURSES TO EXAMINATIONS, INCLUDING LANGUAGES, CERTIFICATIONS, AND APPRENTICESHIP PROGRAMS. THROUGH A CONTINUED CONTRACT WITH THE DEPARTMENT OF DEFENSE, ACE REVIEWS MILITARY TRAINING AND EXPERIENCES TO BRIDGE THE GAP BETWEEN PROFESSIONAL MILITARY EDUCATION AND POSTSECONDARY EDUCATION WHILE ENHANCING GOVERNMENT AND POSTSECONDARY DATA SYSTEMS AND VIRTUAL TECHNOLOGY. ASSOCIATED SUPPORT SERVICES CONNECT INSTITUTIONS OF HIGHER EDUCATION AND EMPLOYERS TO IMPROVE ECONOMIC MOBILITY FOR INDEPENDENT LEARNERS TO OBTAIN ACADEMIC CREDIT FOR FORMAL COURSES, TRAINING, AND EXPERIENCES TAKEN OUTSIDE TRADITIONAL COLLEGES AND UNIVERSITIES. THIS WORK ENSURES THE VALIDITY AND RELIABILITY OF NON-TRADITIONAL LEARNING AND PROVIDES OPPORTUNITIES FOR UNDERSERVED STUDENT POPULATIONS IN COLLEGE AND THE WORKFORCE. 7049833 292525 1496682 PROFESSIONAL DEVELOPMENT: THE AMERICAN COUNCIL ON EDUCATION (ACE) HAS A LONG HISTORY OF PROVIDING LEARNING AND ENGAGEMENT OPPORTUNITIES FOR CAMPUS LEADERS, INCLUSIVE OF PROGRAMS, SERVICES, AND RESEARCH. ACE'S PROGRAMS AND GLOBAL ENGAGEMENT UNIT OFFERS A SUITE OF PROGRAMS AND SERVICES THAT ENRICH THE CAPACITY OF INSTITUTIONS AND INDIVIDUAL LEADERS TO INNOVATE, ADAPT AND PROMOTE HIGH QUALITY PRACTICE WITHIN HIGHER EDUCATION. THE UNIT SERVES INDIVIDUAL LEADERS AND INSTITUTIONS BY LEVERAGING A SUITE OF BLENDED SOLUTIONS INCLUDING ACE'S TRANSFORMATION LABS, ACE FELLOWS, AND ACE SUMMITS. ACE'S TRANSFORMATION LABS GUIDE HIGHER EDUCATION INSTITUTIONS THROUGH A STRUCTURED, CAMPUS-WIDE PLANNING PROCESS TO ADDRESS PRESSING STRATEGIC GOALS. CURRENT TRANSFORMATION LABS FOCUS ON LEARNER SUCCESS, CAMPUS INTERNATIONALIZATION, AND VIRTUAL EXCHANGE. LABS ARE FUNDED THROUGH GRANTS AND/OR PARTICIPANT FEES AND INCLUDE CAMPUS ENGAGEMENT WITH ACE LASTING FROM THREE MONTHS TO TWO YEARS. ACE FELLOWS OFFERS AN IN-DEPTH YEAR-LONG IMMERSION IN HIGHER EDUCATION LEADERSHIP. A COHORT OF 30 TO 50 LEADERS ARE SELECTED EACH YEAR TO PARTICIPATE IN THE PROGRAM, WHICH INCLUDES A SERIES OF RETREATS FOCUSED ON ESSENTIAL KNOWLEDGE AND SKILLS, EXTENDED MENTORING BY EXECUTIVES FROM A HOST CAMPUS, COMPLETION OF SPECIAL PROJECTS AND ASSIGNMENTS TO TRANSFORM AND ENHANCE BOTH THEIR HOME AND HOST CAMPUSES, AND OPPORTUNITIES TO CONNECT WITH AND LEARN FROM A WIDE ARRAY OF CAMPUS LEADERS. PARTICIPATION IN THE FELLOWS PROGRAM IS SUPPORTED BY PROGRAM FEES, GRANTS AND SCHOLARSHIPS. ACE SUMMITS CONVENE HIGHER EDUCATION LEADERS TO ADVANCE STRATEGY, CAMPUS PRACTICE, AND POLICY ON KEY ISSUES. SUMMITS TAKE PLACE VIRTUALLY OR IN PERSON, IN COLLABORATION WITH HOST CAMPUSES.ACE'S COMMUNITY STRATEGY AND ENGAGEMENT UNIT FOCUSES ON FOSTERING PARTNERSHIP AND ENGAGEMENT WITH KEY STAKEHOLDERS AND ORGANIZATIONS, SUCH AS THE ACE WOMEN'S NETWORK AND THE ACE COUNCIL OF FELLOWS. THE COUNCIL OF FELLOWS COORDINATES THE ACTIVITIES, EVENTS, AND FUNDRAISING EFFORTS OF THE ACE FELLOWS PROGRAM ALUMNI. SINCE ITS INCEPTION IN 1965, OVER 2,000 INDIVIDUALS HAVE PARTICIPATED IN THE ACE FELLOWS PROGRAM. THIS DIVERSE NETWORK OF ALUMNI ARE AN ONGOING SOURCE OF SHARED EXPERTISE AND SUPPORT FOR ONE ANOTHER AS THEY NAVIGATE CHALLENGES FACING THEIR INSTITUTIONS AND PROACTIVELY ENGAGE TO ADVANCE HIGHER EDUCATION'S OVERARCHING MISSION. THE ACE WOMEN'S NETWORK IS A SYSTEM OF STATE-BASED NETWORKS WITH THE GOAL OF SUPPORTING AND ADVANCING WOMEN LEADERS IN HIGHER EDUCATION. ANNUALLY THE STATE NETWORKS REACH APPROXIMATELY 10,000 WOMEN AND SUPPORTS THE OVERARCHING VISION OF DIVERSIFYING THE HIGHER EDUCATION LEADERSHIP PIPELINE. THROUGH PROGRAMS AND INITIATIVES AND WITH THE SUPPORT OF ACE STAFF, THE STATE NETWORKS ENGAGE IN A SHARED MISSION OF IDENTIFYING, DEVELOPING, ENCOURAGING, ADVANCING, LEADING AND SUPPORTING WOMEN IN HIGHER EDUCATION CAREERS. EACH OF THE AFOREMENTIONED UNITS EMPLOYS ACE ENGAGE, ACE'S DIGITAL ENGAGEMENT TOOL, TO ADVANCE PRODUCT DISSEMINATION AND NETWORKING OPPORTUNITIES FOR HIGHER EDUCATION LEADERS. ACE ENGAGE IS A RESOURCE TO FOSTER VIRTUAL PEER TO PEER NETWORKING AND LEARNING, AND OFFERS INDIVIDUAL LEADERS ACCESS TO A RESOURCE LIBRARY, WEBINARS AND ONLINE WORKSHOPS WITH EXPERTS. 4726503 GOVERNMENT RELATIONS AND PUBLIC AFFAIRS: COORDINATES AND PUBLICIZES THE EFFORTS OF THE HIGHER EDUCATION COMMUNITY IN REPRESENTING ITS POSITIONS AND CONCERNS TO THE FEDERAL GOVERNMENT. ACE'S DIVISION OF GOVERNMENT RELATIONS AND PUBLIC AFFAIRS (DGPA) PREPARES TESTIMONY FOR CONGRESSIONAL HEARINGS, COMMENTS ON PROPOSED FEDERAL LEGISLATION AND REGULATIONS, ADVOCATES FOR HIGHER EDUCATION PUBLIC POLICIES THAT WILL BENEFIT STUDENTS AND INSTITUTIONS, FILES AMICUS CURIAE BRIEFS ON COURT CASES WITH IMPORTANT IMPLICATIONS FOR HIGHER EDUCATION, AND UNDERTAKES PROACTIVE OUTREACH TO THE MEDIA, MEMBERS, AND OTHER STAKEHOLDERS TO RAISE THE VISIBILITY AND AWARENESS OF PUBLIC POLICY POSITIONS AND THE COUNCIL'S MISSION AND ACTIVITIES. A KEY BENEFIT OF ACE MEMBERSHIP IS ACCESS TO HIGHER EDUCATION RESEARCH AND PUBLICATIONS. DGPA CONTRIBUTES TO THE WORK ACE DOES PUBLISHING PAPERS, MONOGRAPHS, AND RESEARCH REPORTS ON THE TOPICS OF STUDENT FINANCIAL AID, DEMOGRAPHIC TRENDS IN HIGHER EDUCATION, ACADEMIC PREPARATION FOR COLLEGE, AND THE COLLEGE PRESIDENCY, AMONG OTHER TOPICS. ANOTHER MEANS OF DISSEMINATION OF THIS INFORMATION IS THE ACE ANNUAL MEETING, WHICH IS AN IDEAL SETTING FOR NETWORKING WITH COLLEAGUES AND ADDRESSING FUTURE CHALLENGES OF HIGHER EDUCATION, INCLUDING IN THE PUBLIC POLICY ARENA. 3412553 12690997 ACE'S ANNUAL MEETING BRINGS TOGETHER HIGHER EDUCATION LEADERS FROM ALL SECTORS. THE ANNUAL MEETING IS AN EVENT TO NETWORK WITH COLLEAGUES, HEAR ABOUT EMERGING TRENDS FROM NATIONAL THOUGHT LEADERS AND LEARN ABOUT NEW APPROACHES TO CAMPUS CHALLENGES. 1791299 THE ACE RESEARCH UNIT CONDUCTS RESEARCH AND ANALYSIS THAT ADVANCE THE COUNCIL'S THOUGHT LEADERSHIP AREAS: (1) EQUITY-MINDED LEADERSHIP, (2) STUDENT SUCCESS AND COMPLETION, (3) GLOBALLY ENGAGED AND EFFECTIVE INSTITUTIONS, AND (4) INSTITUTIONAL TRANSFORMATION. THE UNIT PRODUCES MAJOR REPORTS, TOPICAL RESEARCH BRIEFS, RESEARCH-INFORMED PRACTICE GUIDES, BLOGS, AND OTHER PRODUCTS THAT PROVIDE COLLEGE AND UNIVERSITY LEADERS, POLICYMAKERS, AND OTHER STAKEHOLDERS WITH KEY INSIGHTS TO INFORM POLICY AND PRACTICE. 450918 FOR THE LAST 50 YEARS, THE CARNEGIE CLASSIFICATIONS OF INSTITUTIONS OF HIGHER EDUCATION HAVE BEEN THE GOLD STANDARD FOR ORGANIZING COLLEGES AND UNIVERSITIES BY A VARIETY OF CHARACTERISTICS, AND THEY ARE USED BY RESEARCHERS AROUND THE WORLD TO STUDY THE HIGHER EDUCATION SECTOR IN AMERICA. ACE BEGAN A PARTNERSHIP WITH THE CARNEGIE FOUNDATION IN FEBRUARY 2022 TO REDESIGN THE CARNEGIE CLASSIFICATIONS SO THEY BETTER REFLECT THE DIVERSE SET OF INSTITUTIONS AND MISSIONS IN HIGHER EDUCATION TODAY AND TO ESTABLISH NEW CLASSIFICATIONS, INCLUDING ONES THAT ARE CENTERED ON STUDENTS' SOCIAL AND ECONOMIC MOBILITY. IN FY22, ACE HAD THE OBJECTIVES TO SUCCESSFULLY TRANSITION THE WORK AND BEGIN ENGAGEMENT AROUND WHAT CHANGES ARE DESIRED BY THE FIELD. FOLLOWING THE ANNOUNCEMENT IN FEBRUARY, ACE BEGAN INITIAL RESEARCH, HIRED FOUR STAFF MEMBERS TO WORK ON THE CARNEGIE CLASSIFICATIONS, TRANSITIONED THE WEBSITES AND STEWARDSHIP OF THE UNIVERSAL CLASSIFICATIONS FROM INDIANA UNIVERSITY - BLOOMINGTON, LAUNCHED THE APPLICATIONS FOR THE 2024 ELECTIVE CYCLES, AND BEGAN EXTENSIVE OUTREACH TO GATHER FEEDBACK AND RAISE AWARENESS. THIS INCLUDED ESTABLISHING A TECHNICAL REVIEW PANEL AND INSTITUTIONAL ROUNDTABLE MADE UP OF LEADERS IN THE FIELD. BY THE END OF FY22, THE CARNEGIE CLASSIFICATIONS STAFF HAD MET WITH MORE THAN 2,000 STAKEHOLDERS. IN FY23, ACE WILL MOVE FORWARD WITH PLANS TO EXPLORE EXPANSION OF THE ELECTIVE CLASSIFICATIONS AND TO DESIGN A FRAMEWORK FOR THE NEW CLASSIFICATION METHODOLOGY. REVENUE FROM MEMBERSHIP DUES, RENT INCOME, AND INVESTMENT IN JOINT VENTURE ARE ALSO INCLUDED IN THE REVENUE AMOUNT FOR OTHER PROGRAMS. 5654770 12690997 25282083 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 316 0 1 153 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 41 41 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL NY X KENNETH TROSHINSKY 2029399330 ONE DUPONT CIRCLE NW 800 WASHINGTON DC 200361193 RONALD A CRUTCHER CHAIR 1.00 X X 0 0 0 MICHAEL RAO VICE CHAIR/CHAIR ELECT 1.00 X X 0 0 0 PAUL J LEBLANC IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LINDA A LIVINGSTONE SECRETARY 1.00 X X 0 0 0 ROSLYN CLARK ARTIS DIRECTOR 1.00 X 0 0 0 LAWRENCE S BACOW DIRECTOR 1.00 X 0 0 0 NEELI BENDAPUDI DIRECTOR 1.00 X 0 0 0 ANDY BRANTLEY DIRECTOR 1.00 X 0 0 0 SYLVIA M BURWELL DIRECTOR 1.00 X 0 0 0 ANA MARI CAUCE DIRECTOR 1.00 X 0 0 0 F JAVIER CEVALLOS DIRECTOR 1.00 X 0 0 0 JAMES P CLEMENTS DIRECTOR 1.00 X 0 0 0 ISIAAH CRAWFORD DIRECTOR 1.00 X 0 0 0 PETER M DONOHUE DIRECTOR 1.00 X 0 0 0 DAMIAN J FERNANDEZ DIRECTOR 1.00 X 0 0 0 JOAN TA GABEL DIRECTOR 1.00 X 0 0 0 CARRIE BESNETTE HAUSER DIRECTOR 1.00 X 0 0 0 RICHARD J HELLDOBLER DIRECTOR 1.00 X 0 0 0 SHIRLEY V HOOGSTRA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER B HOWARD DIRECTOR - UNTIL 03/2022 1.00 X 0 0 0 ANNE M KRESS DIRECTOR 1.00 X 0 0 0 KEVIN KRUGER DIRECTOR 1.00 X 0 0 0 GARY S MAY DIRECTOR 1.00 X 0 0 0 JAMES B MILLIKEN DIRECTOR 1.00 X 0 0 0 MARK MITSUI DIRECTOR 1.00 X 0 0 0 JUAN SANCHEZ MUNOZ DIRECTOR 1.00 X 0 0 0 THUY THI NGUYEN DIRECTOR 1.00 X 0 0 0 BRIAN NOLAND DIRECTOR 1.00 X 0 0 0 ELOY ORTIZ OAKLEY DIRECTOR - UNTIL 03/2022 1.00 X 0 0 0 RICHARD J PAPPAS DIRECTOR 1.00 X 0 0 0 DANIEL J PHELAN DIRECTOR 1.00 X 0 0 0 BILL PINK DIRECTOR 1.00 X 0 0 0 SCOTT PULSIPHER DIRECTOR 1.00 X 0 0 0 MARK C REED DIRECTOR 1.00 X 0 0 0 FELIX V MATOS RODRIGUEZ DIRECTOR 1.00 X 0 0 0 JUDY K SAKAKI DIRECTOR 1.00 X 0 0 0 NAYEF H SAMHAT DIRECTOR 1.00 X 0 0 0 VALERIE SMITH DIRECTOR 1.00 X 0 0 0 MICHAEL J SORRELL DIRECTOR 1.00 X 0 0 0 TOM STRITIKUS DIRECTOR 1.00 X 0 0 0 KAREN SCHUSTER WEBB DIRECTOR 1.00 X 0 0 0 CHARLES L WELCH DIRECTOR 1.00 X 0 0 0 LEOCADIA I ZAK DIRECTOR 1.00 X 0 0 0 THEODORE MITCHELL PRESIDENT, EX OFFICIO 35.00 X 917373 0 31126 TERRY HARTLE SVP, DGPA 35.00 X 435146 0 21424 KARA FREEMAN SVP, COO 35.00 X 374570 0 31114 DERRICK ANDERSON SVP, L&E 35.00 X 105556 0 0 KENNETH TROSHINSKY VP AND CFO - AS OF 05/2022 35.00 X 0 0 0 PETER MCDONOUGH VP, GENERAL COUNSEL 35.00 X 330742 0 21424 LOUIS SOARES CHIEF LEARNING & INNOVATION OFFICER 35.00 X 304012 0 38634 MUSHTAQ GUNJA EX. DIR., CCS AND SVP 35.00 X 240352 0 34083 JONATHAN RISKIND VP, PUBLIC AFFAIRS 35.00 X 200669 0 29901 MOSES YOMI AVP, FINANCE & BUDGET 35.00 X 202458 0 27035 3110878 0 234741 51 0 1 0 PRESIDENTS FORUM 2001 PENNSYLVANIA AVENUE 11TH FLOO WASHINGTON DC 20006 CONSULTING 299822 SAJEED POUDYAL 10217 CROSSCUT WAY DAMASCUS MD 20872 IT CONSULTING 218400 ERNST & YOUNG LLP 1101 NEW YORK AVENUE NW 4TH FLOOR WASHINGTON DC 20005 CONSULTING 150000 RANJITA SHRESTHA 13438 DUTROW DRIVE CLARKSBURG MD 20871 IT CONSULTING 138000 HOGAN LOVELLS US LLP PO BOX 75890 BALTIMORE MD 212755890 LEGAL/CONSULTING 136438 7 1814945 3687503 25000 5502448 MEMBERSHIP DUES 900099 7782543 7782543 RENTAL INCOME 900099 5074088 5074088 FEDERAL CONTRACT REVENUE 900099 4686330 4686330 REVIEW AND REGISTRATION FEES 900099 4407824 4407824 ADVERTISING 541800 134400 134400 -899976 -899976 21185209 1918696 1918696 5471825 5471825 7524636 7213597 311039 311039 311039 38501 45923 -7422 -7422 GARAGE PARKING 900099 79856 79856 VENDING MACHINE SERVICE REVENUE 900099 741 741 MISCELLANEOUS INCOME 900099 544 544 -2539 -2539 78602 34460397 21043387 134400 7780162 X 284525 284525 8000 8000 2177014 1912320 264694 13291294 10258186 2393754 639354 799384 618114 144779 36491 1723314 1350774 298650 73890 1028896 808624 177395 42877 158677 80301 74382 3994 84758 84758 107000 107000 6279490 5218791 1014037 46662 69380 42914 25770 696 205254 126529 74559 4166 1338920 758391 547912 32617 605229 316879 272607 15743 259987 248907 9947 1133 1146434 1130557 9303 6574 2872 1627 1164 81 2121685 1268986 813134 39565 209418 15481 193219 718 REPAIRS & MAINTENANCE 764811 300910 448937 14964 TAXES 324895 123641 195104 6150 OTHER EXPENSES 232716 140899 89406 2411 DUES & PUBLICATIONS 160271 146302 11456 2513 21705 13425 8062 218 33405929 25282083 7153029 970817 3682573 4282974 1219964 1416510 2422146 4016035 24691 18763 1252519 1201110 45162180 37023697 8901665 8138483 61438413 49044566 215744 220063 5716489 4593557 2441499 2979345 87315703 75911406 3854819 2826165 9312839 8318880 43860 0 5697522 4888423 18909040 16033468 X 66077248 56827991 2329415 3049947 68406663 59877938 87315703 75911406 X 1054468 -10337619 91157 663269 X 0 1 X 1 0 X 13988130 14798188 3770470 6141600 5502448 44200836 10464342 7044955 20865287 20072627 21089310 79536521 24452472 21843143 24635757 26214227 26591758 123737357 2500 12200 8101 6440 2950 32191 0 2500 12200 8101 6440 2950 32191 123705166 9237923 9058188 8852084 7582315 7390521 42121031 9237923 9058188 8852084 7582315 7390521 42121031 228312 175379 90312 91210 78602 663815 33918707 31076710 33578153 33887752 34060881 166522203 0.74290 0.73160 0.25290 0.26420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 322912 322912 33123416 33446328 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 281049 735559 579075 322912 1918595 250000 250000 250000 250000 1000000 1500000 2678042 2678042 19706845 16440932 3265913 6264908 5579195 685713 16512385 15003570 1508815 8138483 INVESTMENT IN ACUE 3000000 C INVESTMENT IN JOINT VENTURE 1593557 F 4593557 RETIREE MEDICARE BENEFIT OBLIGATION 2284288 DEFERRED COMPENSATION LIABILITY 2219533 ASSET RETIREMENT OBLIGATION 325000 CAPITAL LEASE LIABILITY 52147 OTHER LIABILITIES 7455 4888423 X 24877204 -10337619 50050 704376 -9583193 34460397 0 34460397 33405929 50050 45923 95973 33309956 91157 4816 95973 33405929 PART X, LINE 2: ACE EVALUATED ITS UNCERTAINTY IN INCOME TAXES AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF SEPTEMBER 30, 2022 AND 2021, THERE WERE NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST 663,269. PY OPERATING COST REIMBURSEMENT -4,816. COST OF GOODS SOLD 45,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 45,923. PART XII, LINE 4B - OTHER ADJUSTMENTS: PY OPERATING COST REIMBURSEMENT 4,816. 1 UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY GARDENS UGB203 LOS ANGELES CA 90089 951642394 501(C)(3) 158288 0 EQUITY MINDED LEADERSHIP STUDY RESEARCH TRIANGLE INSTITUTE PO BOX 900002 RALEIGH NC 27675 560686338 501(C)(3) 55000 0 RACE AND ETHNICITY IN HIGHER EDUCATION REPORT ANALYSIS ARKANSAS STATE UNIVERSITY - JONESBORO PO BOX 2640 JONESBORO AR 72467 716000556 501(C)(3) 23237 0 FELLOWS SCHOLARSHIP MASSACHUSETTS BAY COMMUNITY COLLEGE 50 OAKLAND STREET WELLESLEY HILLS MA 02481 046002284 501(C)(3) 10000 0 AWARD FOR INSTITUTIONAL TRANSFORMATION UNIVERSITY OF NORTH DAKOTA TWAMLEY HALL 409 264 CENTENNIAL DRIVE GRAND FORKS ND 582028356 456002491 501(C)(3) 10000 0 AWARD FOR INSTITUTIONAL TRANSFORMATION ASSOCIATION OF INTERNATIONAL EDUCATION ADMINISTRATORS 811 NINTH STREET SUITE 215 DURHAM NC 27705 431427422 501(C)(6) 7500 0 CONFERENCE SPONSORSHIP 5 1 PROGRAMMATIC SCHOLARSHIP 5 8000 PART I, LINE 2: ACE IS REQUIRED TO PERFORM SUBRECIPIENT MONITORING OF THE FUNDS IT RECEIVES FROM FEDERAL SOURCES IN ORDER TO ENSURE THAT THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE AND THAT THERE ARE NO UNIFORM GUIDANCE 2 CFR 200 AUDIT FINDINGS THAT MAY ADVERSELY AFFECT THE USE OF THE SUBRECIPIENTS' FEDERAL FUNDS. SUBRECIPIENT MONITORING EFFORTS ARE A JOINT EFFORT OF PROGRAM STAFF AND THE FINANCE & BUDGET STAFF. ALL OTHER GRANT FUNDS PROVIDED TO ENTITLES ARE SIMILARLY MONITORED THROUGH THE USE OF SUBAWARD AGREEMENTS OR CONTRACTS & PERIODIC REPORTING PROVIDED BY GRANTEES TO ACE. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 THEODORE MITCHELL PRESIDENT, EX OFFICIO 675970 0 0 0 241403 0 20300 0 10826 0 948499 0 0 0 TERRY HARTLE SVP, DGPA 433522 0 0 0 1624 0 20300 0 1124 0 456570 0 0 0 KARA FREEMAN SVP, COO 374018 0 0 0 552 0 20300 0 10814 0 405684 0 0 0 PETER MCDONOUGH VP, GENERAL COUNSEL 329158 0 0 0 1584 0 20300 0 1124 0 352166 0 0 0 LOUIS SOARES CHIEF LEARNING & INNOVATION OFFICER 302980 0 0 0 1032 0 20300 0 18334 0 342646 0 0 0 MUSHTAQ GUNJA EX. DIR., CCS AND SVP 240100 0 0 0 252 0 17479 0 16604 0 274435 0 0 0 JONATHAN RISKIND VP, PUBLIC AFFAIRS 199585 0 0 0 1084 0 14385 0 15516 0 230570 0 0 0 MOSES YOMI AVP, FINANCE & BUDGET 200795 0 0 0 1663 0 14504 0 12531 0 229493 0 0 0 PART I, LINE 1A THEODORE MITCHELL RECEIVED A HOUSING ALLOWANCE FOR RESIDENCE FOR PERSONAL USE IN THE AMOUNT OF $141,934. THIS AMOUNT IS INCLUDED IN TAXABLE COMPENSATION AS OTHER REPORTABLE COMPENSATION. PER THE PRESIDENT'S EMPLOYMENT CONTRACT, HIS PAY ALSO INCLUDES AN AMOUNT TO REASONABLY APPROXIMATE "GROSSED UP" PERSONAL INCOME TAXES INCURRED BY THE PRESIDENT AS A RESULT OF IMPUTED OCCUPANCY INCOME. LASTLY, ACE HOLDS A MEMBERSHIP AT THE COSMOS CLUB IN WASHINGTON, DC FOR THE PRESIDENT AND PAYS THE DUES CONNECTED WITH SUCH MEMBERSHIP WITH THE UNDERSTANDING THAT SUCH CLUB SHALL BE USED FOR PURPOSES OF ENTERTAINING PERSONS AS PART OF ACE BUSINESS. PART I, LINE 4B THEODORE MITCHELL PARTICIPATED IN A 457(F) PLAN AND ON HIS BEHALF, ACE CONTRIBUTED $100,000 TO THE PLAN DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2022. AMERICAN MUTUAL HEALTH INSURANCE COMPANY KARA FREEMAN IS A BOARD MEMBER OF AMHIC AND AN OFFICER AT ACE 2043952 INSURANCE PREMIUMS 0 FORM 990, PART VI, SECTION A, LINE 1A ACE'S EXECUTIVE COMMITTEE IS MADE UP OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, IMMEDIATE PAST CHAIR, ACE PRESIDENT, AND AT LEAST TWO ADDITIONAL MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE FULL BOARD AS NECESSARY. THE PRESIDENT IS AN EX-OFFICIO NON-VOTING MEMBER OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE COUNCIL HAS FIVE CLASSES OF MEMBERS: NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATION MEMBERS, PROBATIONARY MEMBERS, AND ASSOCIATE MEMBERS. NATIONAL ASSOCIATION MEMBERS ARE NON-PROFIT ORGANIZATIONS PRIMARILY CONCERNED WITH HIGHER EDUCATION. INSTITUTIONAL MEMBERS CONSIST OF COLLEGES AND UNIVERSITIES, LEGALLY AUTHORIZED TO GRANT DEGREES, ACCREDITED BY AN AGENCY RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY AN AGENCY RECOGNIZED BY THE DEPARTMENT OF EDUCATION, OR A MULTI-CAMPUS INSTITUTION OR STATE SYSTEM. ORGANIZATION MEMBERS ARE NON-PROFIT ORGANIZATIONS PRIMARILY CONCERNED WITH HIGHER EDUCATION AND WHOSE MEMBERSHIP IS RESTRICTED BY LOCAL, STATE, OR REGIONAL BOUNDARIES OR OTHER CONSIDERATIONS; OR NON-PROFIT ORGANIZATIONS PRINCIPALLY ENGAGED IN ELEMENTARY OR SECONDARY EDUCATION AND WHICH ARE LOCAL, STATE, REGIONAL, OR NATIONAL IN SCOPE. PROBATIONARY MEMBERS CONSIST OF COLLEGES, UNIVERSITIES, AND OTHER POST-SECONDARY INSTITUTIONS THAT OFFER DEGREES AND ARE CANDIDATES FOR ACCREDITATION BY AN AGENCY RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY THE DEPARTMENT OF EDUCATION. ASSOCIATE MEMBERS ARE NON-VOTING MEMBERS OF WHOSE INCLUSION IN THE COUNCIL MAY ADVANCE THE INTERESTS OF HIGHER EDUCATION, ACE OR ITS MEMBERSHIP, AND ARE IN THE FOLLOWING CATEGORIES: BRANCH OR REGIONAL SUBSCRIBERS, SUCH AS CAMPUSES THAT ARE NOT SEPARATELY ACCREDITED, BUT UNDER THE AUSPICES OF A MEMBER-ELIGIBLE INSTITUTION OR SYSTEM. INTERNATIONAL MEMBERS, SUCH AS HIGHER EDUCATION ASSOCIATIONS OR INSTITUTIONS OUTSIDE THE UNITED STATES AND ITS TERRITORIES THAT ARE RECOGNIZED BY THE APPROPRIATE AUTHORITY IN THE COUNTRY. LEARNED SOCIETY MEMBERS, SUCH AS ACADEMIC AND SCHOLARLY SOCIETIES THAT EXIST TO PROMOTE AN ACADEMIC DISCIPLINE OR PROFESSION, OR A GROUP OF RELATED DISCIPLINES OR PROFESSIONS. AFFILIATE MEMBERS, SUCH AS CORPORATIONS, FOUNDATIONS, AND OTHER ORGANIZATIONS THAT ARE CONCERNED WITH HIGHER EDUCATION. INDIVIDUAL MEMBERS, SUCH AS INDIVIDUALS CONCERNED WITH HIGHER EDUCATION. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF THE BOARD OF DIRECTORS IS ELECTED BY NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATION MEMBERS, AND PROBATIONARY MEMBERS. VOTING IS LIMITED TO MEMBERS THAT ARE NON-PROFIT, TAX-EXEMPT ENTITIES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF IRS FORMS 990 AND 990-T ARE INITIALLY CIRCULATED AMONG ACE'S ENTIRE BOARD PRIOR TO FILING. THE PURPOSE OF MAKING THE FORMS AVAILABLE TO THE ENTIRE BOARD MEMBERSHIP IS TO SOLICIT QUESTIONS AND/OR SUGGESTIONS FOR IMPROVEMENTS TO THE DRAFT. ACE'S CHIEF FINANCIAL OFFICER (CFO) COMPILES ALL COMMENTS RECEIVED FROM THE BOARD AND RESOLVES THOSE MATTERS PRIOR TO FILING OF FORMS 990 AND 990-T. ACE'S AUDIT, FINANCE AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH COMPLIANCE OVERSIGHT, INCLUDING THE ACCURATE AND TIMELY FILING OF FORMS 990 AND 990-T. THE AUDIT, FINANCE AND COMPLIANCE COMMITTEE ALSO PERIODICALLY RECEIVES UPDATES CONCERNING CHANGES TO THE FORMS PROMULGATED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACE HAS A CONFLICT-OF-INTEREST POLICY. THE COUNCIL'S GENERAL COUNSEL IS RESPONSIBLE FOR MANAGING AN ANNUAL PROCESS BY WHICH EACH COVERED PERSON, AND EVERY OTHER ACE EMPLOYEE, IS ASKED TO COMPLETE A CONFLICT-OF-INTEREST QUESTIONNAIRE AND CERTIFY THAT THE PERSON HAS READ, COMPLIED WITH AND AGREES TO COMPLY WITH THAT POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COUNCIL'S BOARD OF DIRECTORS DELEGATES AUTHORITY TO A COMPENSATION COMMITTEE COMPOSED OF MEMBERS OF ITS EXECUTIVE COMMITTEE TO PROVIDE INDEPENDENT OVERSIGHT AND, AS APPROPRIATE, APPROVAL OF SALARY AND OTHER COMPENSATION ARRANGEMENTS FOR ACE'S PRESIDENT AND OTHER OFFICERS AND EMPLOYEES WHO ARE "DISQUALIFIED PERSONS" WITHIN THE MEANING OF SECTION 4958 OF THE IRC. THE POSITIONS, IN ADDITION TO THE PRESIDENT, FOR WHICH THE COMPENSATION COMMITTEE PROVIDES OVERSIGHT AND APPROVAL INCLUDE ALL SENIOR VICE PRESIDENTS. THE COMPENSATION COMMITTEE IS ATTENTIVE TO THE POLICIES RELATED TO THE COUNCIL'S COMPENSATION STRUCTURE FOR DISQUALIFIED PERSONS AND ENSURES THAT SUCH COMPENSATION IS REASONABLY INFORMED BY COMPENSATION OFFERED FOR SIMILAR SERVICES BY COMPARABLE ASSOCIATIONS OR ORGANIZATIONS, TAKING INTO ACCOUNT THEIR COMPARABLE CIRCUMSTANCES. REGARDING THE PRESIDENT POSITION SPECIFICALLY, THE COMPENSATION COMMITTEE HAS A PRACTICE OF RECEIVING COMPARABLE COMPENSATION DATA, INFORMED BY INDEPENDENT COMPENSATION CONSULTANTS, FOR A PEER GROUP OF ORGANIZATIONS WHICH INCLUDES THE PRIMARY RECRUITING SOURCES FOR THE ACE PRESIDENT POSITION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC TO THE EXTENT THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT ON THE PUBLICLY AVAILABLE ACE WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT-OF-INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,302,894. MANAGEMENT AND GENERAL EXPENSES 843,239. FUNDRAISING EXPENSES 38,802. TOTAL EXPENSES 3,184,935. SUB-AWARDS: PROGRAM SERVICE EXPENSES 2,419,948. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,419,948. CONTRACTED PERSONNEL: PROGRAM SERVICE EXPENSES 215,353. MANAGEMENT AND GENERAL EXPENSES 78,855. FUNDRAISING EXPENSES 3,629. TOTAL EXPENSES 297,837. RECRUITMENT: PROGRAM SERVICE EXPENSES 78,732. MANAGEMENT AND GENERAL EXPENSES 28,829. FUNDRAISING EXPENSES 1,327. TOTAL EXPENSES 108,888. HONORARIUM: PROGRAM SERVICE EXPENSES 40,034. MANAGEMENT AND GENERAL EXPENSES 14,659. FUNDRAISING EXPENSES 675. TOTAL EXPENSES 55,368. SPEAKER FEES: PROGRAM SERVICE EXPENSES 29,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,500. BUSINESS SERVICE FEES: PROGRAM SERVICE EXPENSES 15,997. MANAGEMENT AND GENERAL EXPENSES 5,858. FUNDRAISING EXPENSES 270. TOTAL EXPENSES 22,125. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 112,580. MANAGEMENT AND GENERAL EXPENSES 41,223. FUNDRAISING EXPENSES 1,897. TOTAL EXPENSES 155,700. OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 3,753. MANAGEMENT AND GENERAL EXPENSES 1,374. FUNDRAISING EXPENSES 62. TOTAL EXPENSES 5,189. FORM 990, PART XI, LINE 9: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST 663,269. GED TESTING SERVICE LLC 5601 GREEN VAL DRIVE BLOOMINGTON MN 55437 275436001 TESTING PROGRAM DE RELATED 0 -1122931 1593557 0 0 0.30000