2021-04-22T09:21:13-05:00 2020-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2019-07-01 521945674 ASSOCIATION OF AMERICAN COLLEGES AND UNIVERSITIES ASSO 2023873760 1818 R STREET NW WASHINGTON DC 20009 LYNN PASQUERELLA PRESIDENT 2023873760 2021-04-19 1 DANIEL O'SHEA P00957510 3016529100 2021-04-19 2019 2022-09-23 18:48:47Z LYNN PASQUERELLA 1818 R STREET NW WASHINGTON DC 20009 13191634 0 X WWW.AACU.ORG X 1994 DC TO ADVANCE THE VITALITY AND PUBLIC STANDING OF LIBERAL EDUCATION. 26 25 69 28 79400 59837 4351055 2988441 9966870 9315131 207861 195157 192714 7546 14718500 12506275 1557911 723585 0 0 6639903 6546442 0 0 555879 5709077 5267265 13906891 12537292 811609 -31017 14948097 16161995 5737690 5202325 9210407 10959670 X THE MISSION OF THE ASSOCIATION OF AMERICAN COLLEGES & UNIVERSITIES IS TO ADVANCE THE VITALITY AND PUBLIC STANDING OF LIBERAL EDUCATION BY MAKING QUALITY AND EQUITY THE FOUNDATIONS FOR EXCELLENCE IN UNDERGRADUATE EDUCATION IN SERVICE TO DEMOCRACY. 0 0 4031102 723585 2846576 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. 2223024 546266 PROGRAMS TO STUDY AND RESEARCH COMMON EDUCATIONAL PROBLEMS AND ISSUES, IN EFFORTS TO ADVANCE THE BROAD INDIVIDUAL AND SOCIETAL PURPOSES OF LIBERAL EDUCATION. 1924793 2574945 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. 333236 3352254 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. 377632 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. 710868 3352254 8889787 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 215 0 1 69 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 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 THE ASSOCIATION 2023873760 1818 R STREET NW WASHINGTON DC 20009 WILLIAM J CRAFT CHAIR 5.00 X X 0 0 0 CAROL LEARY PAST CHAIR 5.00 X X 0 0 0 RICHARD GUARASCI OUTGOING PAST CHAIR 5.00 X X 0 0 0 LENORE RODICIO VICE CHAIR 5.00 X X 0 0 0 ALEX JOHNSON TREASURER 5.00 X X 0 0 0 ROYCE ENGSTROM OUTGOING TREASURER 5.00 X X 0 0 0 LYNN PASQUERELLA PRESIDENT 40.00 X X 572529 0 49872 JONATHAN ALGER DIRECTOR 2.00 X 0 0 0 THOMAS BAILEY DIRECTOR 2.00 X 0 0 0 BROOKE BARNETT DIRECTOR 2.00 X 0 0 0 KATHERINE BERGERON DIRECTOR 2.00 X 0 0 0 BRANDON BUSTEED DIRECTOR 2.00 X 0 0 0 NANCY CABLE DIRECTOR 2.00 X 0 0 0 RONALD A CRUTCHER DIRECTOR 2.00 X 0 0 0 TIM EATMAN DIRECTOR 2.00 X 0 0 0 AMY E FERRER OUTGOING DIRECTOR 2.00 X 0 0 0 DAVID THEO GOLDBERG DIRECTOR 2.00 X 0 0 0 MARJORIE HASS DIRECTOR 2.00 X 0 0 0 MARY DANA HINTON DIRECTOR 2.00 X 0 0 0 TUAJUANDA C JORDAN DIRECTOR 2.00 X 0 0 0 PAUL G LANNON DIRECTOR 2.00 X 0 0 0 LAURIE LESHIN DIRECTOR 2.00 X 0 0 0 MARY A PAPAZIAN DIRECTOR 2.00 X 0 0 0 ROBERT L PURA DIRECTOR 2.00 X 0 0 0 JUDITH R SHAPIRO OUTGOING DIRECTOR 2.00 X 0 0 0 MARY ANN VILLARREAL DIRECTOR 2.00 X 0 0 0 RALPH WILCOX DIRECTOR 2.00 X 0 0 0 KATHLEEN WOODWARD DIRECTOR 2.00 X 0 0 0 LAURA BEHLING DIRECTOR 2.00 X 0 0 0 CHIFFON HAGGINS DIRECTOR, FINANCE AND ADMINISTRATION 35.00 X 113229 0 32676 ANDREW FLAGEL VP, ADVANCEMENT AND MEMBER ENGAGEMENT 35.00 X 267319 0 44807 CHARLES EDWARD WATSON CIO AND ASSOCIATE VICE PRESIDENT FOR QUALITY, PEDA 35.00 X 210727 0 38855 TERREL RHODES VP, QUALITY, CUIRRICULUM AND ASSESSMENT 35.00 X 187938 0 44874 KELLY MACK VP, UNDERGRAD STEM EDUCATION 35.00 X 187603 0 32361 TIA MCNAIR VP, DIVERSITY, EQUITY AND STUDENT SUCCESS 35.00 X 185776 0 38643 DAWN WHITEHEAD INTERIM VP, COMMUNICATIONS AND PUBLIC AFFAIRS AND 35.00 X 168356 0 32610 ASHLEY FINLEY SENIOR ADVISOR TO THE PRESIDENT AND VP FOR STRATEG 35.00 X 157353 0 25623 MELVINA NORRIED-THOMAS SENIOR DIRECTOR, HR AND ADMIN SVCS 35.00 X 131583 0 30984 KARTHIK DEVARAJAN SENIOR DIRECTOR, IT 35.00 X 129961 0 22203 DAVID SCOBEY EXECUTIVE DIRECTOR, BTP 35.00 X 126143 0 8854 SHELLEY CAREY SENIOR EDITOR 35.00 X 123500 0 19557 KATHRYNE MCCONNELL SENIOR DIRECTOR, RESEARCH AND ASSESSMENT 35.00 X 122413 0 44717 2684430 0 466636 14 0 1 0 GPRA STRATEGIC MANAGEMENT INC 3929 SHAFTBURY COURT WHITE PLAINS MD 20695 EVENT FACILITATION 342070 KATE WINTER EVALUATION 704 MEDINAH RD MELBOURNE FL 32940 EVALUATION CONSULTANT 106500 HART RESEARCH ASSOCIATES 1724 CONNECTICUT AVENUE NW WASHINGTON DC 20009 RESEARCH CONSULTANT 101000 3 794977 2193464 2988441 MEMBERSHIP DUES 900099 5567733 5567733 CONFERENCES 900099 2574945 2574945 MEETING SPONSORSHIPS 900099 595201 515801 79400 EDUCATIONAL PROGRAMS 900099 541356 541356 PUBLICATIONS 511120 35896 35896 9315131 182253 182253 2636 2636 698263 685359 12904 12904 12904 MISC. REVENUE 900099 4910 4910 4910 12506275 9235731 79400 202703 X 640927 640927 82658 82658 2440293 1485471 834400 120422 3032371 1844629 1039401 148341 248671 152016 83721 12934 490170 299648 165027 25495 334937 204751 112765 17421 10740 10740 36446 36446 4200 4200 1429007 1026993 401710 304 108577 33054 5669 69854 637330 507836 104100 25394 349395 130928 218283 184 307996 55285 240233 12478 408194 323806 61476 22912 1085423 1041025 26093 18305 149797 149797 55807 3533 52274 EQUIPMENT & MAINTENANCE 481250 308113 160381 12756 STAFF TRAINING & DEVELO 72484 30864 41620 DUES AND SUBSCRIPTIONS 40945 15755 23466 1724 OVERHEAD ALLOCATION 0 648463 -715818 67355 89674 54032 35642 12537292 8889787 3091626 555879 944434 2102831 4578592 394501 269608 186025 49672 136608 270384 2406822 1743788 812831 663034 7582701 12469036 312405 337430 14948097 16161995 994240 624782 690231 558243 1051065 4053219 2968235 5737690 5202325 X 8298256 9431362 912151 1528308 9210407 10959670 14948097 16161995 X -31017 112554 1667726 X 0 1 X 1 1 1 X 6314040 4084607 3908975 4351055 2988441 21647118 8254966 8225538 8383952 9966870 9315131 44146457 14569006 12310145 12292927 14317925 12303572 65793575 3381555 2218931 1477082 2214567 803935 10096070 0 3381555 2218931 1477082 2214567 803935 10096070 55697505 88354 91592 118425 184380 184889 667640 12699 11059 32495 47461 79400 183114 101053 102651 150920 231841 264289 850754 22701 1014 62646 191108 4910 282379 14692760 12413810 12506493 14740874 12572771 66926708 0.83220 0.77740 0.01270 0.00980 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 22,701. 2016 AMOUNT: $ 1,014. 2017 AMOUNT: $ 62,646. 2018 AMOUNT: $ 191,108. 2019 AMOUNT: $ 4,910. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 193871 4980 4213 194638 187233 8177 1539 193871 173326 15330 1423 187233 154174 19152 173326 158461 -3787 500 154174 0.60000 0.40000 0 0 96350 96350 1228872 744451 484421 1061622 980754 80868 19978 18583 1395 663034 REFUNDABLE ADVANCES 2369238 ACCRUED POST RETIREMENT MEDICAL BENEFITS 261567 DEFERRED COMPENSATION 337430 2968235 X 12793669 112554 179040 291594 12502075 4200 4200 12506275 12663566 179040 -48566 130474 12533092 4200 4200 12537292 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 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 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, 2020 AND 2019. TAX YEARS PRIOR 2017 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. PART XII, LINE 2D - OTHER ADJUSTMENTS: REFUND OF GRANTS AWARDED IN THE PY -48,566. 1 ADELPHI UNIVERSITY 1 SOUTH AVE GARDEN CITY NY 11530 111630741 501C3 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT BROWN UNIVERSITY 69 BROWN STREET PROVIDENCE RI 02912 050258809 501C3 21000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT CHATTANOOGA STATE 540 MCCALLIE AVE CHATTANOOGA TN 37402 620725362 115 30000 GUIDED PATHWAYS SUBGRANT FINGER LAKES COMMUNITY COLLEGE 3325 MARVIN SANDS DR CANANDAIGUA NY 14424 161336614 115 30000 GUIDED PATHWAYS SUBGRANT HAMLINE UNIVERSITY 1536 HEWITT AVE ST PAUL MN 55104 410693960 501C3 21000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT KENTUCKY COMMUNITY & TECHNICAL COLLEGE SYSTEM - BIG SANDY 1 BERT COMBS DR PRESTONSBURG KY 41653 611320380 115 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT MARYWOOD UNIVERSITY 2300 ADAMS AVE SCRANTON PA 18509 240795453 501C3 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT MILLSAPS COLLEGE 1701 N STATE STREET JACKSON MS 39210 640303084 501C3 18500 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT UNIVERSITY OF NORTH CAROLINA - GREENSBORO 1400 SPRING GARDEN STREET GREENSBORO NC 27412 566001468 115 57000 PLACE COLLABORATIVE SUBAWARD OTTERBEIN UNIVERSITY 1 S GROVE STREET WESTERVILLE OH 43081 314379532 501C3 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT RUTGERS STATE UNIVERSITY OF NEW JERSEY 57 US HIGHWAY 1 NEW BRUNSWICK NJ 089018554 226001086 115 21000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT RUTGERS UNIVERSITY - NEWARK 123 WASHINGTON ST SUITE 590 NEWARK NJ 07102 237318742 115 22000 PLACE COLLABORATIVE SUBAWARD SAN BERNARDINO COMMUNITY COLLEGE DISTRICT - CRAFTON HILLS 550 E HOSPITALITY LN SUITE 200 SAN BERNARDINO CA 92408 956002754 115 30000 GUIDED PATHWAYS SUBGRANT SANTA CLARITA COMMUNITY COLLEGE DISTRICT 26455 ROCKWELL CANYON ROAD SANTA CLARITA CA 91355 952561360 115 67000 PLACE COLLABORATIVE SUBAWARD SOUTHERN ILLINOIS UNIVERSITY - EDWARDSVILLE 1 HAIRPIN DRIVE EDWARDSVILLE IL 62026 370986220 115 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT SPELMAN COLLEGE 350 SPELMAN LN SW ATLANTA GA 30314 580566243 501C3 21000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT THE CITADEL 171 MOULTRIE STREET CHARLESTON SC 29409 576000217 115 18500 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT UNIVERSITY OF MARYLAND-BALTIMORE COUNTY 1000 HILLTOP CIR BALTIMORE MD 21250 526002033 115 24500 PLACE COLLABORATIVE SUBAWARD; TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT UNIVERSITY OF NORTH CAROLINA - CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 115 20000 TRUTH, RACIAL HEALING AND TRANSFORMATION GRANT DIGICATION 10 DORRANCE STREET PROVIDENCE RI 02903 204926236 134427 VALUE INSTITUTE SCORING AND EVALUATION SYSTEM 19 1 PARTICIPANT SUPPORT 95 82658 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 0 1 X X X 0 0 0 0 0 0 0 1 0 LYNN PASQUERELLA PRESIDENT 515637 0 0 0 56892 0 36062 0 13810 0 622401 0 0 0 ANDREW FLAGEL VP, ADVANCEMENT AND MEMBER ENGAGEMEN 192043 0 75000 0 276 0 20300 0 24507 0 312126 0 0 0 CHARLES EDWARD WATSON CIO AND ASSOCIATE VICE PRESIDENT FOR 210431 0 0 0 296 0 25218 0 13637 0 249582 0 0 0 TERREL RHODES VP, QUALITY, CUIRRICULUM AND ASSESSM 185466 0 0 0 2472 0 22190 0 22684 0 232812 0 0 0 KELLY MACK VP, UNDERGRAD STEM EDUCATION 187423 0 0 0 180 0 21484 0 10877 0 219964 0 0 0 TIA MCNAIR VP, DIVERSITY, EQUITY AND STUDENT SU 185596 0 0 0 180 0 21357 0 17286 0 224419 0 0 0 DAWN WHITEHEAD INTERIM VP, COMMUNICATIONS AND PUBLI 168176 0 0 0 180 0 18873 0 13737 0 200966 0 0 0 ASHLEY FINLEY SENIOR ADVISOR TO THE PRESIDENT AND 157173 0 0 0 180 0 16822 0 8801 0 182976 0 0 0 MELVINA NORRIED-THOMAS SENIOR DIRECTOR, HR AND ADMIN SVCS 131426 0 0 0 157 0 13750 0 17234 0 162567 0 0 0 KARTHIK DEVARAJAN SENIOR DIRECTOR, IT 129871 0 0 0 90 0 8333 0 13870 0 152164 0 0 0 KATHRYNE MCCONNELL SENIOR DIRECTOR, RESEARCH AND ASSESS 122311 0 0 0 102 0 13500 0 31217 0 167130 0 0 0 PART I, LINE 1A LYNN PASQUERELLA, HOUSING ALLOWANCE: $55,100; LYNN PASQUERELLA, COMPANION TRAVEL: $1,000. PART I, LINE 1B THE HOUSING ALLOWANCE IS DETAILED IN THE PRESIDENT'S SIGNED EMPLOYMENT AGREEMENT AND A COPY OF THE LEASE IS PROVIDED TO THE ORGANIZATION. WHILE NO WRITTEN POLICY EXISTS FOR THE PAYMENT OF COMPANION TRAVEL EXPENSES, RECEIPTS ARE SUBMITTED PRIOR TO REIMBURSEMENT. PART I, LINE 7 ANDREW FLAGEL RECEIVED A $75,000 BONUS BASED ON SPONSORSHIP INCOME GOAL. FORM 990, PART VI, SECTION A, LINE 1 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 SENIOR 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 SENIOR DIRECTOR, FINANCE AND ADMINISTRATION REVIEWS ALL THE FORMS AND IF A RESPONSE INDICATES A CONFLICT, THE SENIOR 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 SENIOR 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 CFO BEING PRESENT. THE COMPENSATION IS VOTED ON BY THE COMMITTEE AND THE DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THESE ARE ALSO AVAILABLE ON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 8,069. MANAGEMENT AND GENERAL EXPENSES 3,156. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,225. COMMISSIONED RESEARCH: PROGRAM SERVICE EXPENSES 37,730. MANAGEMENT AND GENERAL EXPENSES 14,758. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,488. CONSULTING FEES: PROGRAM SERVICE EXPENSES 411,556. MANAGEMENT AND GENERAL EXPENSES 160,981. FUNDRAISING EXPENSES 304. TOTAL EXPENSES 572,841. HONORARIA: PROGRAM SERVICE EXPENSES 150,146. MANAGEMENT AND GENERAL EXPENSES 58,730. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,876. PROJECT EVALUATOR: PROGRAM SERVICE EXPENSES 57,494. MANAGEMENT AND GENERAL EXPENSES 22,489. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,983. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 32,614. MANAGEMENT AND GENERAL EXPENSES 12,757. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,371. STIPENDS: PROGRAM SERVICE EXPENSES 106,505. MANAGEMENT AND GENERAL EXPENSES 41,660. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,165. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 222,879. MANAGEMENT AND GENERAL EXPENSES 87,179. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,058. FORM 990, PART XI, LINE 9: POST-RETIREMENT MEDICAL PLAN CHANGES OTHER THAN NET PERIODIC COST -32,137. ADOPTION OF NEW ACCOUNTING STANDARD (ASU 2018-08) 1,610,868. POST-RETIREMENT MEDICAL PLAN OTHER COMPONENTS OF NET PERIOD BENEFIT 40,429. REFUND OF GRANTS AWARDED IN THE PY 48,566.