2020-11-11T15:56:41-06:00 2020-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2019-07-01 840502574 Association Of Governing Boards Of Universities and Colleges % MARIA NAZARETH ASSO 2022968400 1133 20th Street NW Suite 300 Washington DC 20036 HENRY STOEVER PRESIDENT & CEO 2027760814 2020-11-11 true Joyce Underwood P00022361 7038930600 2020-11-11 96.255.89.63 54621820203165000036 2020-11-11 P A5F916F2D4009E942A0513E2CE4DACF6E28AEDC0 9D37B491AB1CAEBFC8367D392888D1FDB5C2C65F 2019 2021-01-29 14:40:06Z HENRY STOEVER 1133 20th Street NW300 Washington DC 20036 14400856 false X www.agb.org X 1974 DC DEDICATED TO STRENGTHENING THE PERFORMANCE OF BOARDS OF PUBLIC AND PRIVATE HIGHER EDUCATION. 16 16 57 285 153872 0 871924 837200 11228880 10786841 1813569 573194 318520 986798 14232893 13184033 0 0 0 0 5588344 6949971 0 0 375188 8782160 7822906 14370504 14772877 -137611 -1588844 16997972 16179565 5379332 6328650 11618640 9850915 X THE ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES EMPOWERS COLLEGE, UNIVERSITY, AND FOUNDATION BOARDS AND BOARD MEMBERS TO GOVERN WITH KNOWLEDGE AND CONFIDENCE, PROVIDING GUIDANCE AND THOUGHT LEADERSHIP THROUGH EXPERT SERVICES AND RESOURCES. false false 5959200 0 8496298 Conferences, Institutes, Convenings, Workshops, and AGB Consulting: AGB provides various webinars, workshops, convenings, and institutes for member presidents, board chairs, and board members of public and private institutions and institutionally related foundations. In addition to the annual National Conference on Trusteeship in major cities around the nation, AGB offers the annual Board Professionals Conference and Foundation Leadership Forum. AGB also offers a wide range of continuing education opportunities for the boards of member institutions at sites of their own choosing. AGB Consultings Governance Practice Area provides customized assessments for institutional boards, campus leaders, and affiliated foundations; helps boards deepen their understanding of best practices and putting knowledge into action; and provides critical support and guidance for new leadership. The Strategy and Transformation Practice Area helps institutions plan for and lead through consequential change including cost management initiatives, program development, and refinements to the business model and strategic plan. 1907607 0 1523054 Insights, Research, Tools and Other Resources: In addition to Trusteeship magazine published six times per year for members, AGB publishes books, reports, board statements, blogs, survey findings, webinars, podcasts, and briefings, and offers a Knowledge Center full of these resources organized by trending topics, board fundamentals, institution type, board roles and responsibilities, and resource format type. Additionally, AGB offers New Board Member Orientation for introducing board members to higher education governance, essential board responsibilities, board composition, and boardroom culture. There are three discrete versions of this online program designed for board members from private institutions, public institutions or institutionally related foundations. All three versions provide new and continuing board members with a thorough overview of governance fundamentals. 955055 0 691705 Advocacy and Public Policy: AGB works to ensure the views of our members are at the forefront of state and federal policy discussions regarding board governance, institutional leadership, student success, and institutional vitality. We work to improve societys understanding and perception of the value of higher education. And we sponsor a number of other advocacy projects that address pressing issues in higher education. 104637 0 75784 GRANT PROGRAMS 104637 0 75784 8926499 true true false true false false false false false true true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 118 0 true 57 true true true false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false DC NY X MARIA NAZARETH 2027760814 1130 20TH STREET NW SUITE 300 WASHINGTON DC 20036 X Richard D Legon President 40.0 0.0 X 452541 0 69839 RODERICK MCDAVIS PRINCIPAL 1.0 39.0 X 0 334708 59550 RICHARD A BEYER Lead Consultant 40.0 0.0 X 337810 0 45160 HENRY STOEVER President and CEO 39.0 1.0 X 288271 0 61596 MARIA NAZARETH VICE PRESIDENT 40.0 0.0 X 219608 0 57608 MERRILL SCHWARTZ SENIOR VICE PRESIDENT 40.0 0.0 X 208230 0 68584 JAMES HUNDRIESER MANAGING DIRECTOR 40.0 0.0 X 163774 0 22038 PATRICIA KUNKLE VICE PRESIDENT 40.0 0.0 X 150140 0 17378 STEPHEN ABBOTT DIRECTOR OF CORP RELATIONS 40.0 0.0 X 152587 0 14570 HELEN LEITH Vice President 40.0 0.0 X 130961 0 23960 CRISTIN TOUTSI-GRIGOS DIR. 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COMM. 40.0 0.0 X 110599 0 39917 JULIANA LAING Senior Director 40.0 0.0 X 124442 0 20155 ELIZABETH ALVARADO DIRECTOR OF AGB CONSULTING 40.0 0.0 X 115390 0 24444 KRISTEN HODGE-CLARK VICE PRESIDENT 40.0 0.0 X 93371 0 30049 Timothy McDonough Vice President 40.0 0.0 X 93987 0 23213 DEBORAH HODGE CHIEF INFORMATION OFFICER 40.0 0.0 X 83964 0 18309 Mark Kelly Vice President 40.0 0.0 X 82219 0 14939 KENNETH KNUEVEN MANAGING DIRECTOR 40.0 0.0 X 77301 0 16028 ROBERT WATERS VICE PRESIDENT 40.0 0.0 X 44845 0 3250 CHRISTINA JACOBS VICE PRESIDENT 40.0 0.0 X 20029 0 2000 David Miles Chair 3.0 0.0 X X 0 0 0 Shauna Ryder Diggs Chair 3.0 0.0 X X 0 0 0 Beverly Seay Director/Vice Chair 3.0 1.0 X X 0 0 0 Monroe Miller Director/Vice Chair 3.0 1.0 X X 0 0 0 Angel Mendez Secretary 3.0 0.0 X X 0 0 0 Eric P Blackhurst DIRECTOR 2.0 1.0 X 0 0 0 Nelson Carbonell DIRECTOR 1.0 1.0 X 0 0 0 Kathleen Dore Director 1.0 3.0 X 0 0 0 Fred DuVal DIRECTOR 1.0 0.0 X 0 0 0 Juliet V Garcia DIRECTOR 2.0 0.0 X 0 0 0 Cathy Havener Greer DIRECTOR 1.0 0.0 X 0 0 0 Eleanor Horne DIRECTOR 1.0 1.0 X 0 0 0 Mary K Hughes DIRECTOR 2.0 1.0 X 0 0 0 Jeffrey Humber Jr Director 2.0 0.0 X 0 0 0 Leo Lambert DIRECTOR 1.0 3.0 X 0 0 0 Ross A Mugler DIRECTOR 1.0 0.0 X 0 0 0 Ronald C Parker Director 2.0 1.0 X 0 0 0 HORACIO VALEIRAS DIRECTOR 2.0 0.0 X 0 0 0 DIANNE YU DIRECTOR 1.0 0.0 X 0 0 0 2950069 334708 632587 16 true true false CMG PARTNERS LLC 410 BLACKWELL ST SUITE 420 DURHAM NC 27701 CONSULTING 285990 IMAGINATION PUBLISHING 600 W FULTON STREET SUITE 600 CHICAGO IL 60661 PRINTING AND DESIGN 238432 CONNECTADREM LLC 620 HERNDON PARKWAY SUITE 200 HERNDON VA 20170 DESIGN 233000 DENTON US LLP 1900 K ST WASHINGTON DC 20006 LEGAL 232688 TERRENCE MACTAGGART 174 GAYTON LN WINTHROP ME 04364 CONSULTING 180886 7 12500 824700 837200 MEMBERSHIP DUES 900099 6465080 6465080 AGB CONSULTING 900099 3393373 3393373 SEMINARS AND WORKSHOPS 900099 786932 786932 PUBLICATION SALES 900099 141456 141456 10786841 511937 511937 0 331693 331693 153872 153872 0 153872 153872 1278080 1216823 61257 61257 61257 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 501233 501233 501233 13184033 10786841 153872 1406120 0 0 0 0 1946699 978649 968050 317040 317040 3239378 1759009 1251037 229332 452644 279215 156081 17348 597908 144911 440155 12842 396302 261439 117660 17203 0 330181 204629 111796 13756 67274 35825 29077 2372 0 0 8000 8000 3030185 2486696 543479 10 716665 505459 206851 4355 197194 107860 87290 2044 0 0 1003681 525211 435346 43124 476036 261553 200961 13522 0 586263 586263 0 0 265050 144853 107869 12328 64479 36082 26448 1949 SPECIAL PROJECTS/CONTINGENCY 429246 261288 165327 2631 DUES & SUBSCRIPTIONS 455650 141861 311417 2372 PROVISION FOR INVENTORY OBSOL. 133002 133002 0 0 PROVISION FOR BAD DEBT 60000 60000 14772877 8926499 5471190 375188 691107 1355862 2567680 1802216 17000 15000 678276 1228042 0 0 0 0 0 0 282300 175528 298778 297316 1924210 1544622 588327 379588 10846585 10166007 50000 50000 0 0 0 0 977919 710006 16997972 16179565 335154 655129 0 0 3327594 3394495 0 0 0 0 0 0 0 0 0 1024107 1716584 1254919 5379332 6328650 X 11514003 9850915 104637 0 11618640 9850915 16997972 16179565 -1588844 -178881 X X false true X true false X 1915920 869985 2514234 871924 837200 7009263 9991897 9941944 10730738 11228880 10786841 52680300 0 0 0 11907817 10811929 13244972 12100804 11624041 59689563 117420 108095 209003 48750 37500 520768 0 117420 108095 209003 48750 37500 520768 59168795 693773 626737 655951 1332403 1498735 4807599 0 693773 626737 655951 1332403 1498735 4807599 0 0 0 0 0 0 0 0 12601590 11438666 13900923 13433207 13122776 64497162 0.91739 0.93465 0.07454 0.05580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 24050 false true 18000 42050 false false Form 990, Schedule C, Part 1-A, Line 1: THE ORGANIZATION HIRED A FIRM TO ASSIST WITH ADVOCACY EFFORTS. AGB TRACKED A NUMBER OF ISSUES DURING THE FISCAL YEAR PARTICULARLY THOSE IMPACTING THE FIDUCIARY INTEREST OF TRUSTEES AND BOARDS. Of special focus were issues related to the COVID-19 pandemic, as well as new Title IX regulations, changes to accreditation, and expanded requirements around Section 117 of the Higher Education Act. AGB also leveraged its policy efforts by working with the higher education community and joined several community letters and statements on issues such as student debt, admissions, and tax issues. 9024351 200581 980000 8244932 9582388 456963 1015000 9024351 8973691 938697 330000 9582388 7846754 1266937 140000 8973691 8302982 -141228 315000 7846754 1.00000 0.00000 0.00000 false false 1189673 1015434 174239 314817 210515 104302 419720 318673 101047 379588 0 DEFERRED COMPENSATION 657667 DEFERRED RENT 597252 1254919 X 13042652 -178881 37500 -141381 13184033 13184033 14810377 37500 37500 14772877 14772877 SCHEDULE D, Part V, line 4: Board-designated endowment fund - AGBs Board has designated funds set aside to provide a consistent and predictable flow of unrestricted income to the operating budget on an annual basis and to provide a source of financial stability for AGB in the form of a long-term investment fund, the principal of which should be maintained intact under normal circumstances. SCHEDULE D, PART X, LINE 2: AGB DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. AGB HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, AGB HAS FILED INTERNAL REVENUE FORM 990 TAX RETURNS AS REQUIRED AND ALL APPLICABLE RETURNS IN THOSE JURISDICTIONS WHERE IT IS REQUIRED. AGB BELIEVES THAT THEY ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, THERE ARE NO INTEREST OR PENALTIES RECORDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. X X true true X X X X X false true false false true false false false false HENRY STOEVER President and CEO 238100 0 50000 0 171 0 46105 0 15491 0 349867 0 0 0 MARIA NAZARETH VICE PRESIDENT 213348 0 5700 0 560 0 41999 0 15609 0 277216 0 0 0 MERRILL SCHWARTZ SENIOR VICE PRESIDENT 207371 0 0 0 859 0 42730 0 25854 0 276814 0 0 0 JAMES HUNDRIESER MANAGING DIRECTOR 123853 0 0 0 39921 0 11588 0 10450 0 185812 0 0 0 PATRICIA KUNKLE VICE PRESIDENT 146945 0 3000 0 195 0 15533 0 1845 0 167518 0 0 0 HELEN LEITH Vice President 126801 0 3600 0 560 0 12867 0 11093 0 154921 0 0 0 RODERICK MCDAVIS PRINCIPAL 0 281660 0 50000 0 3048 0 35417 0 24133 0 394258 0 0 RICHARD A BEYER Lead Consultant 187279 0 0 0 150531 0 22980 0 22180 0 382970 0 0 0 STEPHEN ABBOTT DIRECTOR OF CORP RELATIONS 121933 0 29000 0 1654 0 12292 0 2278 0 167157 0 0 0 CRISTIN TOUTSI-GRIGOS DIR. PUB POLICY & STR. COMM. 107482 0 3000 0 117 0 12300 0 27617 0 150516 0 0 0 Richard D Legon President 386873 0 56024 0 9644 0 46377 0 23462 0 522380 0 0 0 SCHEDULE J, PART I, LINE 1A: AGBS PAST PRESIDENT, RICHARD LEGON, HAD A CONTRACT WITH AGB. THE TERMS OF THE CONTRACT STATED THAT THESE EXPENSES SHALL INCLUDE THOSE INCURRED BY MRS. LEGON WHEN SHE IS TRAVELING WITH OR OTHERWISE ASSISTING MR. LEGON IN THE PERFORMANCE OF HIS DUTIES FOR AGB. BUSINESS CLUB DUES WERE PAID FOR MR. LEGON. AGBS PRESIDENT, HENRY STOEVER, HAS A CONTRACT WITH AGB THAT INCLUDES REASONABLE AND DOCUMENTED SPOUSAL TRAVEL EXPENSES FOR MEETINGS AND EVENTS DIRECTLY RELATED TO THE BUSINESS OF AGB. PERSONAL SPOUSAL TRAVEL IS NOT REIMBURSED AND INCLUDED IN TAXABLE COMPENSATION. BUSINESS CLUB DUES ARE NOT PAID FOR MR. STOEVER. SCHEDULE J, PART I, LINE 4B: 457(B): RICHARD LEGON $19,000, HENRY STOEVER $19,000, MARIA NAZARETH $19,000, AND MERRILL SCHWARTZ $19,000 SCHEDULE J, PART I, LINE 5B: THE TOTAL ANNUAL FISCAL YEAR COMPENSATION OPPORTUNITY AVAILABLE TO RICHARD BEYER COMPRISES OF A SALARY COMPONENT AND A CONSULTING FEE COMPONENT. THE CONSULTANT FEE COMPONENT VARIABLE PAY IS BASED ON THE NUMBER OF ENGAGEMENTS COMPLETED. THE TOTAL COMPENSATION IS CAPPED IN ACCORDANCE WITH MARKET VALUE. THE TOTAL ANNUAL COMPENSATION OPPORTUNITY AVAILABLE TO JAMES HUNDRIESER COMPRISES OF A SALARY COMPONENT AND A CONSULTING FEE COMPONENT. THE CONSULTANT FEE COMPONENT WAS CAPPED AT THREE BUSINESS STRATEGY CONSULTING ENGAGEMENTS FOR WHICH HE WOULD RECEIVE THE STANDARD AGB CONSULTANT ALLOCATION OF FEES. SCHEDULE J, PART II, LINE 1(B)(II): RETENTION INCENTIVE BENEFIT - IN 2017, RICHARD LEGON'S DEFERRED COMPENSATION RETIREMENT AND POST-RETIREMENT MEDICAL INSURANCE BENEFITS WERE CONVERTED INTO AN ANNUAL CURRENT INCENTIVE BENEFIT THAT VESTS ANNUALLY PROVIDED THAT HE IS SERVING AS PRESIDENT OF AGB IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT. TOTAL COMPENSATION FROM JANUARY TO JUNE 2019 WAS $337,596. RICHARD LEGON RETIRED FROM AGB EFFECTIVE JULY 1, 2019. RICHARD LEGON ENTERED INTO A TRANSITION SERVICES AGREEMENT WITH AGB IN 2019. TOTAL COMPENSATION OVER 12 MONTHS IS $227,000 PLUS ONE PARKING SPACE. HE RECEIVED $114,945 ON THIS AGREEMENT IN CALENDAR YEAR 2019 WHICH IS INCLUDED ON SCHEDULE J, COLUMN B (I). SEPARATE FROM THE ABOVE, RICHARD LEGON WAS PAID $31,392 FOR CONSULTING SERVICES IN CALENDAR YEAR 2019. THESE PAYMENTS WERE MADE TO HIS CONSULTING FIRM, LEGON CONSULTING LLC. HENRY STOEVERS ANNUAL COMPENSATION IS $450,000. HIS TOTAL COMPENSATION INCLUDES A ONE-TIME OFFSET BONUS OF $150,000. $50,000 OF THIS BONUS WAS RECEIVED IN AUGUST 2019 AND IS REPORTED UNDER LINE 1 (B) (II) DR. RODERICK MCDAVIS TOTAL COMPENSATION INCLUDES AN ANNUAL SALARY OF $300,000, AND AN INCENTIVE AWARD NOT TO EXCEED $120,000. HE RECEIVED A LUMP SUM ONE-TIME BONUS OF $50,000 IN CALENDAR YEAR 2019. FORM 990, PART VI, SECTION B, LINE 11B: 990 REVIEW PROCESS: 1. THE FINANCE OFFICE TRANSMITS SCHEDULES AND CHECKLISTS TO THE RETURN PREPARER BY SEPTEMBER 15, 2020, TWO MONTHS BEFORE THE DUE DATE. 2. THE PRESIDENT AND VICE PRESIDENT FOR FINANCE, CONDUCT AN INTERNAL REVIEW OF DRAFT FORMS 990 ON OCTOBER 20, 2020. 3. THE VICE PRESIDENT FOR FINANCE TRANSMITS THE DRAFT FORMS 990 TO AGB'S BOARD OF DIRECTORS BY OCTOBER 23, 2020. 4. THE MEMBERS OF THE AUDIT COMMITTEE HAVE A WEEK FOR REVIEW, COMMENTS AND QUESTIONS AFTER WHICH THE COMMITTEE MEETS ON A CONFERENCE CALL. ALL MEMBERS OF THE BOARD ARE INVITED TO JOIN THE CALL SCHEDULED FOR OCTOBER 30TH AT 2 P.M. (ET). 5. THE REVIEW OF FORM 990 IS CONDUCTED BY THE AUDIT COMMITTEE. PARTICIPATION OF ALL DIRECTORS IS WELCOME AND ENCOURAGED. THE REVIEW BEGINS WITH THE PRESENTATION OF DATA TO THE COMMITTEE BY THE VICE PRESIDENT FOR FINANCE. UNDERLYING DATA THAT SUPPORTS THE RETURNS MAY BE REQUESTED BY THE COMMITTEE. THE COMMITTEE REVIEWS THE RETURNS TO ENSURE THEY ARE CONSISTENT WITH THE FINANCIAL STATEMENTS, THE GOVERNANCE QUESTIONS ARE ANSWERED CORRECTLY, THE DESCRIPTIVE INFORMATION REFLECTS THE POSITION OF AGB, DESCRIPTION OF THE PROGRAMS ARE ACCURATE, AND THE RETURN IS COMPLETE. 6. THE RETURN IS FINALIZED (ON NOVEMBER 5, 2020) NO LATER THAN 10 DAYS BEFORE THE TAX DEADLINE, AND INCLUDES ANY CHANGES SUGGESTED BY THE AUDIT COMMITTEE. 7. DIRECTORS RECEIVE AN EXECUTIVE SUMMARY OF CHANGES (IF ANY) ELECTRONICALLY PRIOR TO FILING OF THE FINAL FORM 990. 8. THE CHAIR OF THE AUDIT COMMITTEE PROVIDES A REPORT ON THE REVIEW OF THE COMPLETED FORM 990 TO THE AGB BOARD AT ITS NEXT SCHEDULED MEETING IN NOVEMBER. FORM 990, PART VI, SECTION B, LINE 12C: STAFF: AGB REQUIRES THAT OFFICERS AND EMPLOYEES WILL PERFORM THEIR DUTIES CONSCIENTIOUSLY, HONESTLY, AND IN ACCORDANCE WITH THE BEST INTERESTS OF THE ASSOCIATION. AGB OFFICERS AND EMPLOYEES MUST NOT USE THEIR POSITION OR THE KNOWLEDGE GAINED AS A RESULT OF THEIR POSITION FOR PRIVATE OR PERSONAL ADVANTAGE. REGARDLESS OF THE CIRCUMSTANCES, IF OFFICERS OR EMPLOYEES SENSE THAT A COURSE OF ACTION THEY HAVE PURSUED, ARE CURRENTLY PURSUING, OR ARE CONTEMPLATING PURSUING MAY INVOLVE THEM IN A CONFLICT OF INTEREST WITH AGB, THEY SHOULD IMMEDIATELY COMMUNICATE ALL THE FACTS TO HIS OR HER SUPERVISOR. ALL STAFF MEMBERS WILL BE ASKED TO COMPLETE AND SIGN THE ATTACHED DISCLOSURE FORM ON AN ANNUAL BASIS. BOARD OF DIRECTORS: THE DIRECTOR HAVING SUCH CONFLICT SHALL NOT PARTICIPATE OR USE ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT ORMAKE ANY RECOMMENDATIONS REGARDING THE SUBJECT. HOWEVER, THE DIRECTOR WILL BRIEFLY STATE THE NATURE OF THE CONFLICT AND WILL BE EXPECTED TO ANSWER PERTINENT QUESTIONS FROM THE OTHER DIRECTORS WHEN THE DIRECTOR'S KNOWLEDGE OF THE SUBJECT WILL ASSIST THE BOARD. THE MINUTES OF ANY MEETING AT WHICH THE SUBJECT INVOLVING THE CONFLICT IS DISCUSSED SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE CONFLICTED DIRECTOR REFRAINED FROM DISCUSSION, EXCEPT TO THE EXTENT PROVIDED ABOVE, AND DID NOT VOTE ON THE SUBJECT. THE SECRETARY ANNUALLY, AND AT OTHER TIMES ON REQUEST FROM ANY MEMBER OF THE BOARD, SHALL MAKE AVAILABLE TO THE MEMBERS OF THE BOARD COPIES OF THIS POLICY AND THE STATEMENT FOR DISCLOSING CONFLICTS. ANY BOARD MEMBER MAY REQUEST A DETERMINATION FROM THE BOARD AS TO THE EXISTENCE OF A CONFLICT OF INTEREST. THE BOARD'S DECISION, BY MAJORITY VOTE, SHALL BIND THE BOARD MEMBER AND THE BOARD. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: PROCESS TO DETERMINE COMPENSATION OF THE PRESIDENT: PRESIDENTIAL COMPENSATION IS DETERMINED WITH THE USE OF COMPARABILITY DATA RESEARCHED BY A MANAGEMENT/HR CONSULTING FIRM AND DISCUSSED BY AGB'S COMPENSATION COMMITTEE AND GENERAL COUNSEL. DURING THE PROCESS, THE PRESIDENT PRESENTS A DOCUMENT TO THE COMMITTEE OUTLINING HIS GOALS AND ACCOMPLISHMENTS FOR THE PAST YEAR. AFTER REVIEW OF DATA AND THE PRESIDENT'S SELF-ASSESSMENT, THE COMMITTEE DETERMINES WHETHER TO APPROVE THE COMPENSATION. PROCESS TO DETERMINE COMPENSATION OF OFFICERS: COMPENSATION IS DETERMINED WITH THE USE OF COMPARABILITY DATA RESEARCHED BY A MANAGEMENT. AGB'S PRESIDENT & CEO UPDATES THE COMPENSATION COMMITTEE ON SALARY INCREASES TO THE LEADERSHIP TEAM. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS: OWN WEBSITE AND ALSO PROVIDED UPON REQUEST CONFLICT OF INTEREST POLICY: OWN WEBSITE AND ALSO PROVIDED UPON REQUEST FINANCIAL STATEMENTS: PROVIDED UPON REQUEST. FORM 990, PART VII, SECTION A: Included in Part VII, Section A is $114,945 of compensation Richard Legon received between July 1 and December 31, 2019, for transition services after he retired as an officer on June 30, 2019. This compensation is also included in Part VII, Section B, as he was paid as a non-employee contractor. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANT FEES TOTAL FEES:2725503 FORM 990 PART IX LINE 11G DESCRIPTION:PRINTING/DESIGN TOTAL FEES:230571 FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY HELP TOTAL FEES:74111 AGB Strategies 1133 20TH ST NW SUITE 425 WASHINGTON DC 20036 474663821 SEE PART VII DC 501(C)(3) 12A AGB true AGB SEARCH LLC 1133 20TH ST NW SUITE 425 WASHINGTON DC 20036 271963417 SEE PART VII DC AGB C CORP 5341366 1724470 1.00000 true true false true false false true false false false false false false false false false true true false false AGB SEARCH LLC A 153872 FMV AGB SEARCH LLC F 59748 FMV AGB SEARCH LLC Q 58531 FMV FORM 990, SCHEDULE R, PART II, BOX B: PRIMARY ACTIVITY: ASSIST COLLEGES AND UNIVERSITIES WITH THEIR BUSINESS MODEL. FORM 990, SCHEDULE R, PART IV, BOX B: PRIMARY ACTIVITY: CONDUCT EXECUTIVE LEVEL SEARCHES FOR UNIVERSITIES/COLLEGES.