2020-04-28T16:32:04-05:00 2019-09-30 410746749 CliftonLarsonAllen LLP 901 N Glebe Road Suite 200 ARLINGTON VA 22203 990 2018-10-01 530196573 AMERICAN COUNCIL ON EDUCATION AMER 2029399330 ONE DUPONT CIRCLE NW No 800 WASHINGTON DC 200361193 Cathy Jones Chief Financial Officer 2029399330 2020-04-28 1 Michaela Cromar P00895728 5712279500 2020-04-20 67.137.57.251 2020-04-28 17:31:41 ED P A31B8943A14933A3BF1B290C164803F9A7DCE6A3 A31B8943A14933A3BF1B290C164803F9A7DCE6A3 2018 2021-01-29 14:40:06Z Theodore R Mitchell ONE DUPONT CIRCLE NW No 800 WASHINGTON DC 200361193 110954304 0 X WWW.ACENET.EDU X 1918 DC CONSENSUS LEADER ON HIGHER EDUCATION ISSUES & COORDINATING BODY FOR UNITED STATES HIGHER ED. 38 38 188 44 60811 0 13988130 14798188 9986764 6639884 4132044 13659442 7739091 7644745 35846029 42742259 83461 221036 0 0 21270525 22111816 0 0 992178 13913331 13775764 35267317 36108616 578712 6633643 92891236 86524943 22521088 21204320 70370148 65320623 X THE AMERICAN COUNCIL ON EDUCATION (ACE) IS A MEMBERSHIP ORGANIZATION THAT MOBALIZES 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. FOUNDED IN 1918, ACE SEEKS TO PROVIDE LEADERSHIP AND A UNIFYING VOICE ON KEY HIGHER EDUCATION ISSUES AND TO INFLUENCE PUBLIC POLICY THROUGH REPRESENTATION, RESEARCH, AND PROGRAM INITIATIVES. ACE AIMS TO FOSTER GREATER COLLABORATION AND NEW PARTNERSHIPS WITHIN AND OUTSIDE THE HIGHER EDUCATION COMMUNITY TO HELP COLLEGES AND UNIVERSITIES ANTICIPATE AND ADDRESS THE CHALLENGES OF THE 21ST CENTURY AND CONTRIBUTE TO A STRONGER NATION AND A BETTER WORLD. ACE VALUES INCLUSIVENESS AND DIVERSITY, RECOGNIZES HIGHER EDUCATION'S RESPONSIBILITY TO SOCIETY, AND EMBRACES THE BELIEF THAT WIDESPREAD ACCESS TO EXCELLENT POSTSECONDARY EDUCATIONAL OPPORTUNITIES IS THE CORNERSTONE OF A DEMOCRATIC SOCIETY. 0 0 6857168 221036 1328553 PROFESSIONAL DEVELOPMENT: Continuing the American Council on Education's (ACE) decade's long role as a provider of leadership development and educational programming for campus leaders, ACE continues to offer a suite of professional learning services delivered through in person programming and a digital learning platform. The work centers around three critical areas of focus: Equity Minded Leadership, Institutional Transformation, and Student Success. The ACE Fellows program is a year-long, cohort-based apprenticeship experience designed to prepare mid-career professionals for executive leadership positions. ACE also offers additional cohort-based content to facilitate institutional change. ACE conducts original quantitative, qualitative, and mixed methods research, translates scholarly research to practice, and produces a range of major research studies on critical trends in higher education, including the college presidency and the higher education leadership pipeline, internationalization at American colleges and universities, race and ethnicity in higher education, and alternative pathways to postsecondary education. 6463423 0 1607235 Adult Learning and Educational Credentials:ACE's College Credit Recommendation Service (CREDIT) connects workplace learning and corporate training programs with college credit. ACE CREDIT reviews a wide variety of training programs from courses to examinations, including languages, certifications, and apprenticeship programs. Its work ensures the validity of non-traditional learning and access to and success in postsecondary education and the workforce. Through a contract with Department of Defense, ACE also evaluates military training and experiences to bridge the gap between professional military education and postsecondary education. Through these services, ACE helps adults obtain academic credit for formal courses, training, and experiences taken outside traditional colleges and universities. In conjunction with these services, ACE provides official transcripts to learners through the registry and transcript service. 4576019 0 8189 GOVERNMENT RELATIONS AND PUBLIC AFFAIRS: COORDINATES AND PUBLICIZES THE EFFORTS OF THE HIGHER EDUCATION COMMUNITY IN REPRESENTING ITS CONCERNS TO THE FEDERAL GOVERNMENT. ACE PREPARES TESTIMONY FOR CONGRESSIONAL HEARINGS, COMMENTS ON PROPOSED FEDERAL LEGISLATION AND REGULATIONS, AND FILES AMICUS CURIAE BRIEFS ON COURT CASES WITH IMPORTANT IMPLICATIONS FOR HIGHER EDUCATION. A KEY BENEFIT OF ACE MEMBERSHIP IS ACCESS TO HIGHER EDUCATION RESEARCH AND PUBLICATIONS. ACE PUBLISHES PAPERS, MONOGRAPHS, RESEARCH REPORTS AND BOOKS 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 NET WORKING WITH COLLEAGUES AND ADDRESSING FUTURE CHALLENGES OF HIGHER EDUCATION. 6341034 0 3902035 OTHER PROGRAMS:ACE'S CENTER FOR POLICY RESEARCH AND STRATEGY PROVIDES THOUGHT LEADERSHIP AT THE INTERSECTION OF PUBLIC POLICY AND INSTITUTIONAL STRATEGY. THE CENTER PROVIDES SENIOR COLLEGE LEADERS AND PUBLIC POLICYMAKERS WITH AN EVIDENCE BASE TO RESPONSIBLY PROMOTE EMERGENT PRACTICES IN HIGHER EDUCATION WITH AN EMPHASIS ON LONG-TERM AND SYSTEMIC SOLUTIONS FOR AN EVOLVING HIGHER EDUCATION LANDSCAPE AND CHANGING AMERICAN DEMOGRAPHIC. 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. 6341034 0 3902035 24237644 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 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 325 0 188 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 38 38 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 DC FL NY X Cathy Jones 2029399330 ONE DUPONT CIRCLE NW Suite 800 wASHINGTON DC 200361193 Mark P Becker Chair 1.00 X X 0 0 0 Paul J LeBlanc Vice Chair/Chair Elect 1.00 X X 0 0 0 Barbara R Snyder Immediate Past Chair 1.00 X X 0 0 0 Gail O Mellow Secretary 1.00 X X 0 0 0 Jonathan R Alger Director 1.00 X 0 0 0 Lawrence Bacow Director 1.00 X 0 0 0 Roger N Casey Director 1.00 X 0 0 0 Rebecca Chopp Director 1.00 X 0 0 0 James P Clements Director 1.00 X 0 0 0 Ronald A Crutcher Director 1.00 X 0 0 0 Waded Cruzado Director 1.00 X 0 0 0 Peter M Donohue Director 1.00 X 0 0 0 Howard Gillman Director 1.00 X 0 0 0 Andrew D Hamilton Director 1.00 X 0 0 0 Maria Harper-Marinick Director 1.00 X 0 0 0 Dianne F Harrison Director 1.00 X 0 0 0 Shirley V Hoogstra Director 1.00 X 0 0 0 Timothy L Killeen Director 1.00 X 0 0 0 Chris Kimball Director 1.00 X 0 0 0 Raynard S Kington Director 1.00 X 0 0 0 Kevin Kruger Director 1.00 X 0 0 0 Linda A Livingstone Director 1.00 X 0 0 0 Elaine Maimon Director 1.00 X 0 0 0 James B Milliken Director 1.00 X 0 0 0 Javier Miyares Director 1.00 X 0 0 0 Juan Sanchez Munor Director 1.00 X 0 0 0 Eloy Ortiz Oakley Director 1.00 X 0 0 0 Richard J Pappas Director 1.00 X 0 0 0 GP Bud Peterson Director 1.00 X 0 0 0 Scott Pulsipher Director 1.00 X 0 0 0 Carol Quillen Director 1.00 X 0 0 0 Michael Rao Director 1.00 X 0 0 0 Edward J Ray Director 1.00 X 0 0 0 Mark C Reed Director 1.00 X 0 0 0 Kathleen Curry Santora Director 1.00 X 0 0 0 Jackson N Sasser Director 1.00 X 0 0 0 A Clayton Spencer Director 1.00 X 0 0 0 Deborah F Stanley Director 1.00 X 0 0 0 Judith C Areen Director - until 03/19 1.00 X 0 0 0 Justin S Draeger Director - until 03/19 1.00 X 0 0 0 Judy C Miner Director - until 03/19 1.00 X 0 0 0 James H Mullen Jr Director - until 03/19 1.00 X 0 0 0 Brian Noland Director - until 03/19 1.00 X 0 0 0 Suzanne Ortega Director - until 03/19 1.00 X 0 0 0 Theodore Mitchell President, Ex Officio 35.00 X 726307 0 84328 Terry Hartle - See schedule J SVP, DGPA 35.00 X 1012340 0 71722 Philip Rogers SVP 35.00 X 324180 0 59474 Cathy Jones VP, Chief Financial Officer 35.00 X 137908 0 13854 Kara Lee VP, Administration & CIO 35.00 X 361609 0 52043 Peter McDonough VP, General Counsel 35.00 X 346413 0 38321 Louis Soares Chief Learning & Innovation Officer 35.00 X 327334 0 59921 Sonya Williams VP, Chief HR Officer 35.00 X 297644 0 45103 Daniel Madzelan AVP, Government Relations 35.00 X 239989 0 28538 Andrea Burnett AVP, ITS 35.00 X 233043 0 37454 Margaret Broad Former President 35.00 X 192111 0 0 4198878 0 490758 80 1 1 0 CREDLY INC 349 5TH AVENUE SUITE 401 NEW YORK NY 10016 Consulting 431451 KECONCO CO LLC 15489 PEACH LEAF DRIVE NORTH POTOMAC MD 20878 Construction 326693 ADDISON GROUP 125 S WACKER DRIVE SUITE 2700 CHICAGO IL 60606 Consulting 276749 OBJECTIVE SYSTEM 514 DANIELS STREET SUITE 298 RALEIGH NC 27605 Consulting 208894 ARENT FOX LLP PO BOX 644672 PITTSBURGH PA 15264 Consulting 206653 10 7830164 3521272 3446752 14798188 RENT INCOME 900099 3998360 3998360 TESTING AND REGISTRATION FEES 900099 3744323 3744323 consulting and speaker fees 900099 136500 136500 INVESTMENT IN JOINT VENTURE 900099 -1297771 -1297771 58472 58472 6639884 1909108 1909108 7149080 7149080 79756192 68005858 11750334 11750334 11750334 526473 206187 320286 264600 55686 GARAGE PARKING 900099 161747 161747 THE PRESIDENCY PUBLICATION - ADS 900099 5125 5125 8507 8507 175379 42742259 6846012 60811 21037248 X 221036 221036 5908584 4056242 1582989 269353 11886254 8170816 3307509 407929 1266956 872988 352824 41144 1972401 1360557 539670 72174 1077621 740844 296273 40504 316413 129103 182832 4478 69722 69722 99840 78095 19901 1844 4044874 3477473 519275 48126 92099 69111 22584 404 245127 188612 55097 1418 1317235 315827 984128 17280 683040 245780 428600 8660 1042627 998973 35427 8227 1440931 1391223 38039 11669 80610 232 80370 8 2740498 1379459 1318194 42845 173101 16210 156318 573 REPAIRS AND MAINTENANCE 689313 258344 421832 9137 Taxes 362424 362424 Dues & Publications 149732 106580 38258 4894 Staff Training 87196 65432 21381 383 140982 94707 45147 1128 36108616 24237644 10878794 992178 1629515 1650143 3042238 2317696 2607298 2813029 54903 51763 695766 498799 40812461 29757486 11478301 11054975 60122629 55760813 206464 216713 12182703 10884932 871419 1276080 92891236 86524943 3828920 3428932 12404115 11222607 1222492 1368647 5065561 5184134 22521088 21204320 X 67358505 63073061 3011643 2247562 70370148 65320623 92891236 86524943 X 6633643 -11479601 -203567 X 0 1 X 1 1 1 X 29343065 17870559 12762331 13988130 14798188 88762273 15317819 16577832 10075455 10464342 7044955 59480403 44660884 34448391 22837786 24452472 21843143 148242676 2500 12200 14700 0 2500 12200 14700 148227976 2167897 2065588 8597671 9237923 9058188 31127267 2167897 2065588 8597671 9237923 9058188 31127267 170366 71984 228312 175379 646041 46828781 36684345 31507441 33918707 31076710 180015984 0.82340 0.88390 0.17290 0.11380 X Schedule A, Part III, Line 12, Explanation of Other Income: THE PRESIDENCY PUBLICATION - ADVERTISING - 2015 Amount: $ 15,702. 2016 Amount: $ 54,365. 2017 Amount: $ 0. 2018 Amount: $ 5,125. Garage Parking - 2015 Amount: $ 0. 2016 Amount: $ 0. 2017 Amount: $ 195,369. 2018 Amount: $ 161,747. Other Revenue - 2015 Amount: $ 154,664. 2016 Amount: $ 17,619. 2017 Amount: $ 32,943. 2018 Amount: $ 8,507. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 281049 281049 36033754 36314803 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 182113 160881 435054 281049 1059097 250000 250000 250000 250000 1000000 1500000 2678042 2678042 16475670 14478846 1996824 13837555 10445688 3391867 7821194 4832952 2988242 11054975 INVESTMENT IN JOINT VENTURE 7884932 C Investment in ACUE 3000000 C 10884932 RETIREE MEDICARE BENEFIT OBLIGATION 3185721 deferred compensation 1630808 other liabilities 750 Capital Lease Liability 41855 Asset Retirement Obligation 325000 5184134 X 31297278 -11479601 32000 -203567 -11651168 42948446 -206187 -206187 42742259 36346803 32000 206187 238187 36108616 0 36108616 Part X, Line 2: ACE has been granted exemption from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and has been further classified as a public charity. ACE derives unrelated business income from publication advertising, duplication and other office services to unrelated third parties, and alternative investments. However, no taxes were payable on such amounts for the years ended September 30, 2019 and 2018, as allowable deductible expenses exceeded unrelated income. ACE has analyzed its tax positions taken or expected to be taken and has concluded that, as of September 30, 2019 and 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Postretirement change other than net periodic benefit cost -203,567. Part XI, Line 4b - Other Adjustments: COST OF GOODS SOLD -206,187. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 206,187. 1 BENEDICT COLLEGE 1600 Harden Street Columbia SC 29204 570314365 501(C)(3) 10000 2018-19 ACE/Fidelity Investments Institutional Transformation Award RESEARCH TRIANGLE INSTITUTE 3040 E Cornwallis Road Research Triangle Park NC 27709 560686338 501(C)(3) 98046 Race and Ethnicity in Higher Education Report UNIVERSITY OF SOUTH FLORIDA 4202 E Fowler Avenue Tampa FL 33620 593102112 501(C)(3) 10000 2018-19 ACE/Fidelity Investments Institutional Transformation Award AUSTIN COLLEGE 900 N Grand Avenue Sherman TX 75090 750827409 501(C)(3) 8000 Support for 2019 Fellow HOUSTON COMMUNITY COLLEGE SYSTEM 3100 Main Street Houston TX 77002 741709152 501(C)(3) 8000 2019 Fellow Scholarship PRAIRIE VIEW A&M UNIVERSITY 100 University Drive Prairie View TX 77446 746001078 501(C)(3) 8000 2019 Fellow Scholarship SUFFOLK UNIVERSITY 8 Ashburton Place Boston MA 02108 042133255 501(C)(3) 8000 2019 Fellow Scholarship UNIVERSITY OF WISCONSIN 1725 State Street La Crosse WI 54601 391805963 501(C)(3) 6600 Student travel stipends DEPAUL UNIVERSITY 1 East Jackson Blvd Chicago IL 60604 362167048 501(C)(3) 7040 Student Travel Stipend US Japan COIL Initiative. 9 0 Part I, Line 2: Procedures for monitoring use of grant funds in the U.S.: The American Council on Education (ACE) receives a cost reimbursement contract through its Center for Education Attainment and Innovation. Also, ACE gets grant funds from the United States Embassy in Tokyo, Japan. Per Federal Government administrative requirements, ACE ensures that the funds received from federal agencies are being used for their intended purposes and that there are no Single Audit findings that may adversely impact the use of federal funds. Monitoring: 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 subrecipient's federal funds. Subrecipient monitoring efforts are a joint effort of program staff and the Finance and Budget staff. As part of the contract requirement for the cost reimbursement contract, ACE was required to put in place an Individual Subcontracting Plan that covers the entire contract period. Monitoring efforts take place during the life of a subaward from application to close-out. All subrecipients are vetted through the System for Award Management (SAM). Performance is monitored by Military Evaluations staff relative to the Subcontracting Plan requirements and performance goals as specified in the agreements. Reporting: ACE is required to submit the Individual Subcontracting Report using the Electronic Subcontracting Reporting System (eSRS) at the end of each reporting period March 31 and September 30. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Theodore Mitchell President, Ex Officio 617296 0 107625 0 1386 0 70700 0 13628 0 810635 0 0 0 Terry Hartle - See schedule J SVP, DGPA 386117 0 41264 0 584959 0 55500 0 16222 0 1084062 0 0 0 Philip Rogers SVP 294627 0 29337 0 216 0 33000 0 26474 0 383654 0 0 0 Cathy Jones VP, Chief Financial Officer 137248 0 0 0 660 0 0 0 13854 0 151762 0 0 0 Kara Lee VP, Administration & CIO 313021 0 32152 0 16436 0 33000 0 19043 0 413652 0 0 0 Peter McDonough VP, General Counsel 313422 0 31671 0 1320 0 33000 0 5321 0 384734 0 0 0 Louis Soares Chief Learning & Innovation Officer 284165 0 28644 0 14525 0 33000 0 26921 0 387255 0 0 0 Sonya Williams VP, Chief HR Officer 259920 0 25153 0 12571 0 31523 0 13580 0 342747 0 0 0 Daniel Madzelan AVP, Government Relations 219390 0 17551 0 3048 0 26327 0 2211 0 268527 0 0 0 Andrea Burnett AVP, ITS 215376 0 17307 0 360 0 25960 0 11494 0 270497 0 0 0 Margaret Broad Former President 0 0 0 0 192111 0 0 0 0 0 192111 0 0 0 Part I, Line 1a Ted Mitchell - Health or Social club dues or initiation Fees; $200 -INCLUDED IN TAXABLE INCOME. Part I, Line 4b THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN AND RECEIVED THE FOLLOWING BENEFITS UNDER THE PLAN: THEODORE MITCHELL; $50,000 TERRY HARTLE; $22,500 Terry Hartle; $581,831-Deferred Compensation Payout for years 2000-2018 AMERICAN MUTUAL HEALTH INSURANCE COMPANY SONYA WILLIAMS IS A BOD MEMBER AT AMHIC & AN OFFICER AT ACE 1984382 INSURANCE PREMIUMS 0 Form 990, Part VI, Section A, line 1 The executive committee is made up of the Board Chair, Vice Chair, and Immediate past Chair, ACE President, Board secretary and four committee chairs. All committee members are on the governing board. The executive act on behalf of the whole board in matters relating to the president, including appointment and compensation. Form 990, Part VI, Section A, line 6 THE COUNCIL HAS FOUR CLASSES OF VOTING MEMBERS: NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATIONAL MEMBERS, AND AFFILIATE MEMBERS. 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, upon recommendation of that agency by the President and approval by the Membership Committee, and meet the provisions of below, as approved by the Board of Directors. Each Institutional Member shall be entitled to one delegate and, through that delegate, may cast one vote at Council meetings. ORGANIZATION MEMBERS include: 1. Nonprofit organizations primarily concerned with higher education and whose membership is restricted by local, state, or regional boundaries or other considerations as approved by the Board of Directors. 2. Nonprofit organizations principally engaged in elementary or secondary education and which are local, state, regional, or national in scope, as approved by the Board of Directors. Each Organization Member shall be entitled to one delegate and, through that delegate, may cast one vote at Council meetings. AFFILIATE MEMBERS CONSIST OF THOSE COLLEGES, UNIVERSITIES, AND OTHER POSTSECONDARY INSTITUTIONS THAT OFFER DEGREES, ARE CANDIDATES FOR ACCREDITATION BY AN AGENCY RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY AN AGENCY RECOGNIZED BY THE DEPARTMENT OF EDUCATION, UPON RECOMMENDATION OF THAT AGENCY BY THE PRESIDENT AND APPROVAL BY THE MEMBERSHIP COMMITTEE, AND MEET OTHER PROVISIONS IN ACE'S BY-LAWS, AS APPROVED BY THE BOARD OF DIRECTORS. Each Affiliate Member shall be entitled to one delegate and, through that delegate, may cast one vote at Council meetings. ASSOCIATES OF ACE SHALL BE NONVOTING SUBSCRIBERS OF ACE AND CONSIST OF INDIVIDUALS, ORGANIZATIONS, AND OTHER GROUPS CONCERNED WITH HIGHER EDUCATION THAT DO NOT FALL WITHIN THE MEMBERSHIP DEFINITIONS ABOVE, BUT ARE INCLUDED 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 Subscribers, such as higher education associations or institutions outside the United States and its territories that are recognized by the appropriate authority in the country. Corporate Subscribers, such as organizations, corporations, and other groups in business and industry that are concerned with higher education. Foundation Subscribers, such as foundations concerned with higher education. Individual Subscribers, such as individuals concerned with higher education. VOTING MEMBERSHIP for National Association Members, Institutional Members, Organization Members or Affiliate Members is limited to institutions that are entitled to exemption under the federal income tax statutes, as either public instrumentalities or institutions organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, that are exempt under Section 115(a) or Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law), and are not private foundations by reason of Sections 509(a)(1) or (2) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law), and to those degree-granting, for-profit institutions that are accredited by agencies recognized by the Council for Higher Education Accreditation or by an agency recognized by the Department of Education, upon recommendation of that agency by the President and approval by the Membership Committee. Form 990, Part VI, Section A, line 7a The Board of Directors is elected by the membership of the organization. Form 990, Part VI, Section A, line 7b The members of ACE pursuant to Article X of the ACE Constitution retain the right to amend the Constitution by a 2/3 vote of the members. 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 990T. ACE's Audit 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 Committee also periodically receives updates concerning changes to the forms promulgated by the IRS. Form 990, Part VI, Section B, line 12c ACE's General Counsel Office monitor the Conflict of Interest. Each year, each Covered Person shall complete a Conflict of Interest Disclosure and Declaration Form as annexed to this Policy. ALL RESPONSES TO CONFLICT OF INTEREST QUESTIONNAIRES ARE RECEIVED BY GENERAL COUNSEL. ANY QUESTIONS ARE ADDRESSED AND RESOLVED, ANY OUTSIDE BUSINESS RELATIONSHIPS WITH BUSINESSES DOING BUSINESS WITH THE ORGANIZATION ARE DISCLOSED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. IN THE EVENT ANY CONFLICT IS IDENTIFIED, THE AUDIT COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. Form 990, Part VI, Section B, line 15 The Board of Directors of the American Council on Education (ACE) delegates authority to the Executive Committee to oversee compensation and benefits of certain senior executives of ACE. This year, the ACE Board of Directors retained independent compensation consultants to supply comparable market data related to the President and other ACE officers' compensation. The ACE Executive Committee and Board rely on the comparable market data provided by the compensation consultants to ensure the compensation of the President and other ACE officers is consistent with the market and is reasonable compared to compensation for similar services by similar organizations under similar circumstances. Regarding the President position specifically, the independent compensation consultants have established a peer group of similar organizations which recognizes the primary recruiting sources for the ACE President position. The executive committee of the ACE Board reviews and approves the entire process, including the peer group periodically. The executive committee most recently reviewed and approved the process when the current President was hired in late 2017. The President is also eligible to receive incentive compensation, and the ACE Board uses a formalized and methodical process to determine if the President will receive incentive compensation, and the amount that will be awarded. The President and the Board set goals at the beginning of the year, and report goal achievement results at the end of the year. The committee uses a scorecard to evaluate the President's performance and awards incentive compensation based on the evaluation results. The ACE President is typically paid near the third quartile of the market due to the significant expertise and lengthy experience required. This year, the independent compensation consultants determined that the president was paid within the comparable market. To determine the compensation of other ACE officers, the independent compensation consultants retained by ACE are asked to establish the comparable compensation market using several survey sources of similar not-for-profit organizations, education-focused associations and other similar associations. The ACE officers also receive an incentive compensation opportunity based on organizational and individual success. The compensation consultants are asked to opine whether the ACE officers' compensation is reasonable and within the comparable market. This year, the independent compensation consultants determined that the officers were paid between the market median and market third quartile. 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 publically available ACE website. Governing documents and the conflict of interest policy are provided to the public upon request. Form 990, Part IX, line 11g Business Svc Fees: Program service expenses 21,173. Management and general expenses 5,396. Fundraising expenses 500. Total expenses 27,069. Consultants: Program service expenses 1,419,777. Management and general expenses 361,798. Fundraising expenses 33,531. Total expenses 1,815,106. Contracted Personnel: Program service expenses 365,450. Management and general expenses 93,127. Fundraising expenses 8,631. Total expenses 467,208. Honorarium: Program service expenses 42,908. Management and general expenses 10,934. Fundraising expenses 1,013. Total expenses 54,855. Bank and Credit Card Fees: Program service expenses 106,183. Management and general expenses 27,058. Fundraising expenses 2,508. Total expenses 135,749. Recruitment Expense: Program service expenses 22,577. Management and general expenses 5,753. Fundraising expenses 533. Total expenses 28,863. Speakers Fees: Program service expenses 46,893. Management and general expenses 11,950. Fundraising expenses 1,107. Total expenses 59,950. Other Service Fees: Program service expenses 12,789. Management and general expenses 3,259. Fundraising expenses 303. Total expenses 16,351. Sub-awards/Sub-contracts: Program service expenses 1,439,723. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,439,723. Form 990, Part XI, line 9: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST -203,567. GED TESTING SERVICE LLC 5601 GREEN VAL DRIVE BLOOMINGTON MN 55437 275436001 TESTING PROGRAM DE Related 0 -1297771 7884932 0 0 0.30000