2020-07-09T07:49:30-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 338015354 990 2018-07-01 436036286 AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS AACS 8137696500 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 336025730 CARYN BECK-DUDLEY PRESIDENT & CEO 8137696500 2020-07-09 1 LAUREN BALLARD CPA P01451787 8636805600 2020-07-09 67.137.57.251 2020-07-09 07:47:47 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D543DFE078DED2702906167431446F9332DBAAE3 2018 2021-01-29 14:40:06Z CARYN BECK-DUDLEY 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 336025730 29969810 0 X WWW.AACSB.EDU X 1916 FL ADVANCES EXCELLENCE IN COLLEGIATE BUSINESS EDUCATION THROUGH WORLD CLASS ACCREDITATION. 30 29 86 1375 529649 0 5306800 5526725 16219563 16964946 887114 248843 102525 56735 22516002 22797249 181000 125141 0 0 11284728 11477303 0 0 0 11349227 10916108 22814955 22518552 -298953 278697 27650200 27612690 13834801 12712673 13815399 14900017 X AACSB INTERNATIONAL PROVIDES QUALITY ASSURANCE OF BUSINESS SCHOOL PROGRAMS, THE LATEST IN BUSINESS EDUCATION INTELLIGENCE, THOUGHT LEADERSHIP, AND LEARNING AND DEVELOPMENT SERVICES. 0 0 6142838 7680629 LEARNING AND DEVELOPMENT SERVICES - CONTRIBUTES TO THE IMPROVEMENT OF ADMINISTRATION, TEACHING, AND RESEARCH IN HIGHER EDUCATION BY PROVIDING INFORMATION AND TRAINING TO BUSINESS SCHOOL ADMINISTRATORS, EDUCATORS, AND GENERAL PUBLIC ON RELEVANT TOPICS. 4245254 8584652 ACCREDITATION - ENSURES QUALITY IN COLLEGIATE SCHOOLS OF BUSINESS BY ESTABLISHING CERTAIN MINIMUM STANDARDS BY WHICH INSTITUTIONS ARE EVALUATED THROUGH A VOLUNTARY PEER REVIEW PROCESS. SERVICE IS AVAILABLE TO ANY COLLEGE OFFERING A BACHELOR'S/GRADUATE DEGREE IN BUSINESS. 746757 5329 BIZED MAGAZINE IS THE LEADING VOICE OF BUSINESS EDUCATION AND PROVIDES TIMELY NEWS, EXPERT ADVICE, AND INSIGHTFUL FEATURES ON BUSINESS EDUCATION FROM LEADING AUTHORS, EDUCATORS, AND PRACTITIONERS. AACSB INTERNATIONAL PUBLISHES BIZED MAGAZINE SIX TIMES EACH YEAR. 5935344 125141 164687 BUSINESS EDUCATION INTELLIGENCE, ADVOCACY, AND BUSINESS EDUCATION ALLIANCE 5935344 125141 164687 17070193 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 62 0 86 1 1 1 1 SN UK 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X NEIL BOSLAND CFO 8137696500 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 336025730 JOHN A ELLIOTT CHAIR 1.00 X X 0 0 0 LINDA U HADLEY VICE CHAIR - CHAIR ELECT 1.00 X X 0 0 0 JIKYEONG KANG SECRETARY-TREASURER 1.00 X X 0 0 0 CARYN L BECK-DUDLEY IMMEDIATE PAST CHAIR 1.00 X 0 0 0 NANCY A BAGRANOFF DIRECTOR 1.00 X 0 0 0 MCRAE C BANKS DIRECTOR 1.00 X 0 0 0 FRANK H BOSTYN DIRECTOR 1.00 X 0 0 0 LUIZ ARTUR LEDUR BRITO DIRECTOR 1.00 X 0 0 0 SHAUN L BUDNIK DIRECTOR 1.00 X 0 0 0 DEBORAH H CAPLAN DIRECTOR 1.00 X 0 0 0 NATALYA DELCOURE DIRECTOR 1.00 X 0 0 0 GERARD GEORGE DIRECTOR 1.00 X 0 0 0 TRACEY GOLDEN DIRECTOR 1.00 X 0 0 0 ROBERT HELSLEY DIRECTOR 1.00 X 0 0 0 AMY HILLMAN DIRECTOR 1.00 X 0 0 0 ALICIA J JACKSON DIRECTOR 1.00 X 0 0 0 IDALENE KESNER DIRECTOR 1.00 X 0 0 0 TERRY S MANESS DIRECTOR 1.00 X 0 0 0 JEAN-FRANCOIS MANZONI DIRECTOR 1.00 X 0 0 0 ILIAN MIHOV DIRECTOR 1.00 X 0 0 0 SERGEY MYASOEDOV DIRECTOR 1.00 X 0 0 0 SARAH E NUTTER DIRECTOR 1.00 X 0 0 0 ENASE FELICIA OKONEDO DIRECTOR 1.00 X 0 0 0 FRANCOIS ORTALO-MAGNE DIRECTOR 1.00 X 0 0 0 ERIC R SPANGENBERG DIRECTOR 1.00 X 0 0 0 MARK PETER TAYLOR DIRECTOR 1.00 X 0 0 0 PETER A TODD DIRECTOR 1.00 X 0 0 0 HAN GERTVAN DISSEL DIRECTOR 1.00 X 0 0 0 LIN ZHOU DIRECTOR 1.00 X 0 0 0 THOMAS R ROBINSON PRESIDENT AND CEO 40.00 X X 428871 0 46396 NEIL BOSLAND EVP, CHIEF FINANCIAL OFFICER 40.00 X 319495 0 50131 STEPHANIE BRYANT EVP, CHIEF ACCREDITATION OFFICER AS OF JAN 2018 40.00 X 384989 0 54376 ROBERT REID EVP, CHIEF ACCREDITATION OFFICER UNTIL NOV 2018 40.00 X 218929 0 29328 DAN LECLAIR EVP, CHIEF STRATEGY & INNOVATION OFFICER UNTIL NO 40.00 X 343281 0 45582 PATRICK CULLEN VP, STRATEGY AND INNOVATION 40.00 X 189539 0 39535 TIMOTHY MESCON EVP, CHIEF EMEA OFFICER 40.00 X 446388 0 36014 ANNIE LO SVP, CHIEF OFFICER ASIA PACIFIC (SERVICE ENDS NOV 40.00 X 417770 0 34387 MICHAEL WIEMER SVP, CHIEF OFFICER AMERICAS 40.00 X 216464 0 41859 JULIANE IANNARELLI SVP, CHIEF KNOWLEDGE OFFICER 40.00 X 208309 0 53664 JENNIFER MCINTOSH VP, CHIEF TALENT OFFICER 40.00 X 193074 0 42625 3367109 0 473897 22 0 1 0 VERNDALE 28 DAMRELL STREET SUITE 300 BOSTON MA 02127 MONTHLY IT HOSTING AND WEB DEVELOPMENT F 340410 SAGE PAYMENT SOLUTIONS 12120 SUNSET HILLS ROAD RESTON VA 20190 MONTHLY CREDIT CARD MERCHANT FEES 277845 LEVY RESTAURANTS 1801 KALAKAUA AVENUE HONOLULU HI 96815 CATERING SERVICES FOR ICAM CONVENTION 276890 PROTECH ASSOCIATES INC 5467 TWIN KNOLLS ROAD SUITE 400 COLUMBIA MD 21045 MONTHLY IT HOSTING AND SOFTWARE FEES 271883 TRIANZ 5600 RIVER RD SUITE 800 ROSEMONT IL 60018 IT CONSULTING, WEBSITE DEVELOPMENT AND D 270042 15 5526725 5526725 ACCREDITATION FEES 611710 8584652 8584652 CONFERENCES AND SEMINARS 611710 5602251 5602251 INTERNATIONAL CONFERENCE 611710 2078378 2078378 PUBLICATIONS 541800 666952 137303 529649 BUSINESS EDUCATION INTELLIGENCE S 611710 32713 32713 16964946 408873 408873 7012531 7138921 33640 -126390 -33640 -160030 -160030 MISCELLANEOUS REVENUE 900099 37485 37485 MAILING LIST REVENUE 900099 19250 19250 56735 22797249 16435297 529649 305578 103000 103000 22141 22141 1938084 1744276 193808 7207641 4742268 2465373 487154 320017 167137 1364556 947766 416790 479868 338356 141512 88982 25760 63222 48013 48013 93733 93733 822311 771845 50466 973864 973864 156667 100410 56257 1945773 1630076 315697 1192268 845290 346978 1078398 958118 120280 3299018 2840278 458740 17129 17129 477786 342629 135157 132515 31346 101169 589651 332753 256898 22518552 17070193 5448359 0 7202053 1348748 263871 192392 167517 558282 475678 5852977 1956522 1328297 3896455 18105305 21615347 108945 27650200 27612690 1850707 3052137 11984094 9660536 13834801 12712673 X 13815399 14900017 13815399 14900017 27650200 27612690 278697 805921 0 X 0 1 X 1 0 X 3887875 4549900 4720625 5306800 5526725 23991925 3887875 4549900 4720625 5306800 5526725 23991925 23991925 597340 650848 422157 431561 408873 2510779 44050 81267 45000 102525 56735 329577 26832281 72891920 0.89410 0.88770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MAILING LIST REVENUE - 2014 AMOUNT: $ 44,050. 2015 AMOUNT: $ 42,400. 2016 AMOUNT: $ 35,600. 2017 AMOUNT: $ 35,050. 2018 AMOUNT: $ 19,250. MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 38,867. 2016 AMOUNT: $ 9,400. 2017 AMOUNT: $ 67,475. 2018 AMOUNT: $ 37,485. 1911151 397023 1514128 2638215 1299993 1338222 1303611 259506 1044105 3896455 X 23525948 805921 805921 22720027 93733 -16511 77222 22797249 22441330 33640 33640 22407690 93733 17129 110862 22518552 PART X, LINE 2: MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT AACSB HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: LINE OF CREDIT INTEREST EXPENSE 17,129. LOSS ON DISPOSAL OF ASSET -33,640. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 33,640. PART XII, LINE 4B - OTHER ADJUSTMENTS: LINE OF CREDIT INTEREST EXPENSE 17,129. 0 MIDDLE EAST 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & LEARNING AND DEVELOPMENT EVENTS 4668 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & LEARNING AND DEVELOPMENT EVENTS 1208 EUROPE 1 10 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & LEARNING AND DEVELOPMENT EVENTS 1774059 EAST ASIA & THE PACIFIC 1 7 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & LEARNING AND DEVELOPMENT EVENTS 785907 SOUTH AMERICA 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & LEARNING AND DEVELOPMENT EVENTS 20549 2 17 0 0 2 17 2586391 0 2586391 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ANNUAL SUPPORT FOR GRLI-GLOBALLY RESPONSIBLE LEADERSHIP INITIATIVE 17141 WIRE N/A N/A SOUTH AMERICA SUPPORT FOR CLADEA AND RECLA 5000 WIRE N/A N/A 2 0 0 0 1 0 0 0 PART I, LINE 2: AN AACSB REPRESENTATIVE ATTENDS THE CLADEA ANNUAL MEETING TO VERIFY THAT THE FUNDS ARE USED PROPERLY. 1 THE PHD PROJECT ASSOCIATION 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 202610773 501(C)(3) 100000 N/A N/A FUND BUSINESS PHD RECRUITING & SUPPORT PROGRAM 1 0 PART I, LINE 2: AN AACSB REPRESENTATIVE ATTENDS MEETINGS HOSTED BY EACH RECIPIENT. FOR THE PHD PROJECT AND BETA GAMMA SIGMA, AN AACSB REPRESENTATIVE SITS ON THE BOARD OF DIRECTORS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 THOMAS R ROBINSON PRESIDENT AND CEO 423196 0 0 0 5675 0 27500 0 18896 0 475267 0 0 0 NEIL BOSLAND EVP, CHIEF FINANCIAL OFFICER 314538 0 0 0 4957 0 27500 0 22631 0 369626 0 0 0 STEPHANIE BRYANT EVP, CHIEF ACCREDITATION OFFICER AS 293248 0 0 0 91741 0 27500 0 26876 0 439365 0 0 0 ROBERT REID EVP, CHIEF ACCREDITATION OFFICER UNT 174537 0 0 0 44392 0 17968 0 11360 0 248257 0 0 0 DAN LECLAIR EVP, CHIEF STRATEGY & INNOVATION OFF 262117 0 0 0 81164 0 26743 0 18839 0 388863 0 0 0 PATRICK CULLEN VP, STRATEGY AND INNOVATION 187990 0 0 0 1549 0 19140 0 20395 0 229074 0 0 0 TIMOTHY MESCON EVP, CHIEF EMEA OFFICER 332498 0 0 0 113890 0 27500 0 8514 0 482402 0 0 0 ANNIE LO SVP, CHIEF OFFICER ASIA PACIFIC (SE 279252 0 0 0 138518 0 27500 0 6887 0 452157 0 0 0 MICHAEL WIEMER SVP, CHIEF OFFICER AMERICAS 213776 0 0 0 2688 0 21690 0 20169 0 258323 0 0 0 JULIANE IANNARELLI SVP, CHIEF KNOWLEDGE OFFICER 207150 0 0 0 1159 0 21690 0 31974 0 261973 0 0 0 JENNIFER MCINTOSH VP, CHIEF TALENT OFFICER 190820 0 0 0 2254 0 19678 0 22947 0 235699 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE IS PROVIDED TO EXPATRIATE EMPLOYEES WHILE RESIDING AND WORKING IN A FOREIGN COUNTRY. THE TAX INDEMNIFICATION AND GROSS UP IS RELATED TO RELOCATION EXPENSES PROVIDED TO A SENIOR EXECUTIVE. FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE AN EXECUTIVE COMMITTEE WHOSE MEMBERSHIP SHALL INCLUDE THE BOARD CHAIR (WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), VICE CHAIR-CHAIR ELECT, SECRETARY-TREASURER, PRESIDENT AND CEO, IMMEDIATE PAST CHAIR, AND UP TO THREE ADDITIONAL BOARD MEMBERS APPOINTED BY THE VICE CHAIR-CHAIR ELECT (WHO SHALL PRESIDE AS BOARD CHAIR DURING THE YEAR FOR WHICH THE APPOINTMENTS ARE MADE). THE EXECUTIVE COMMITTEE SHALL ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION IS COMPOSED OF EDUCATIONAL INSTITUTIONS RECOGNIZED OR AUTHORIZED BY AN APPROPRIATE GOVERNING BODY. THE MEMBERSHIP ALSO IS COMPOSED OF OTHER SELECTED NON-EDUCATIONAL INSTITUTIONS WHICH INCLUDES BUSINESS FIRMS AND CORPORATIONS, LEARNED SOCIETIES, TRADE, FOUNDATION, RESEARCH, PROFESSIONAL, AND GOVERNMENTAL ORGANIZATIONS. EACH MEMBER INSTITUTION MAY HAVE ANY NUMBER OF ITS REPRESENTATIVES FROM ITS EMPLOY AT BUSINESS MEETINGS, BUT EACH MEMBER INSTITUTION SHALL HAVE ONLY ONE OFFICIAL VOTING REPRESENTATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING REPRESENTATIVE SHALL BE THE OFFICIAL REPRESENTATIVE TO THE CORPORATION. EACH MEMBER OF THE CORPORATION SHALL HAVE ONE VOTE ON AFFAIRS BROUGHT TO THE CORPORATION EXCEPT ON MATTERS RESERVED FOR MEMBERS OF THE ACCREDITATION COUNCIL. IN JANUARY OF EACH YEAR, OFFICIAL REPRESENTATIVES MAY VOTE IN THE ANNUAL ELECTION TO FILL OPEN POSITIONS OF THE BOARD OF DIRECTORS WHICH ARE BEING VACATED BY BOARD MEMBERS WHOSE TERMS ARE EXPIRING AT THE END OF THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 7B EACH OFFICIAL REPRESENTATIVE (OR THEIR DESIGNEE) MAY VOTE ON ISSUES PRESENTED AT THE ANNUAL BUSINESS MEETING. ISSUES MIGHT INCLUDE A MEMBERSHIP DUES INCREASE OR MODIFICATIONS TO THE ARTICLES AND/OR BYLAWS. MEMBERS OF THE ACCREDITATION COUNCIL (AACSB ACCREDITED MEMBERS) ARE AUTHORIZED TO VOTE ON ISSUES RELATED TO THE ACCREDITATION STANDARDS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE CFO & CEO PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD OF DIRECTORS, A STANDING COMMITTEE, OR TASK FORCE, RESPECTIVELY, IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS WHEN A VOLUNTEER IN ONE OF THE ROLES DESCRIBED ABOVE REQUESTS A DETERMINATION. IF THE CHAIR HAS A CONFLICT OF INTEREST, THE VICE CHAIR WILL PROVIDE THE FINAL DETERMINATION. IN CASES WHERE A PARTICIPANT VOLUNTARILY IDENTIFIES AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST AND ABSENTS HIM OR HERSELF FROM THE DELIBERATIONS AND ACTIONS, THESE EVENTS WILL BE RECORDED IN WRITING AS PART OF THE MEETING RECORD AND A COPY FILED WITH THE EXECUTIVE OFFICE OF AACSB. IF A REQUEST FOR A DETERMINATION OF AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST IS MADE TO THE CHAIR (OR VICE CHAIR), SUCH REQUESTS MUST BE MADE IN WRITING, AND THE DETERMINATION BY THE CHAIR (OR VICE CHAIR) IS TO BE IN WRITING, AND BOTH ARE TO BE FILED WITH THE EXECUTIVE OFFICE OF AACSB. FORM 990, PART VI, SECTION B, LINE 15 THE AACSB COMPENSATION COMMITTEE (THE CHAIR OF THE BOARD, THE VICE CHAIR/CHAIR ELECT OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD, AND TWO ADDITIONAL MEMBERS OF THE BOARD) MEETS TWICE ANNUALLY TO ASSESS THE PRESIDENT/CEO'S PERFORMANCE, REVIEW AND APPROVE GOALS FOR THE NEXT YEAR, AND SET THE COMPENSATION (% SALARY INCREASE) FOR THE UPCOMING YEAR. COMPARABLE DATA, SUCH AS THE AACSB SALARY SURVEY REGARDING DEANS AND CHIEF OFFICERS IS USED AS WARRANTED. DISCUSSIONS FROM THE MEETINGS ARE DOCUMENTED. THE PRESIDENT/CEO, IN CONSULTATION WITH THE COMPENSATION COMMITTEE, REVIEWS OTHER KEY EMPLOYEES' PERFORMANCE AND DETERMINES THE COMPENSATION (% SALARY INCREASE) FOR THE UPCOMING YEAR. COMPARABLE DATA, SUCH AS THE AACSB SALARY SURVEY REGARDING DEANS AND CHIEF OFFICERS IS USED AS WARRANTED. DISCUSSIONS FROM THE MEETINGS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. AACSB INTERNATIONAL LTD 331 NORTH BRIDGE ROAD 10-04/05 ODEON TOWERS SN ACCREDITATION SERVICES SN 0 0 AACSB INTERNATIONAL