2019-08-13T16:20:59-05:00 2018-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-10-01 530196573 AMERICAN COUNCIL ON EDUCATION AMER 2029399330 ONE DUPONT CIRCLE NW NO 800 WASHINGTON DC 200361193 CATHY JONES CHIEF FINANCIAL OFFICER 2029399330 2019-08-12 1 DAVID TRIMNER P00444822 5712279500 67.137.57.251 2019-08-12 13:02:33 ED P 88FC096EEAA4AA34D2309BD4BFC487DBE06F0B48 EC8E3AB080DBEC95795E073DF7D20F3E654B0034 2017 2019-02-21 02:37:17Z THEODORE R MITCHELL ONE DUPONT CIRCLE NW NO 800 WASHINGTON DC 200361193 40595465 0 X WWW.ACENET.EDU X 1918 DC CONSENSUS LEADER ON HIGHER EDUCATION ISSUES & COORDINATING BODY FOR UNITED STATES HIGHER ED. 31 31 176 42 140671 -184204 12762331 13988130 9597862 9986764 2441954 4132044 7569377 7739091 32371524 35846029 35000 83461 0 0 21227852 21270525 0 0 916127 12903652 13913331 34166504 35267317 -1794980 578712 93741155 92891236 24254830 22521088 69486325 70370148 X THE AMERICAN COUNCIL ON EDUCATION (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 7211250 0 2337374 ADULT LEARNING AND EDUCATIONAL CREDENTIALS:FOR MORE THAN 65 YEARS, THE AMERICAN COUNCIL ON EDUCATION (ACE) HAS BEEN A NATIONAL LEADER IN THE EVALUATION OF EDUCATION AND TRAINING OBTAINED OUTSIDE THE CLASSROOM. ITS WORK ENSURES THE VALIDITY OF NONTRADITIONAL LEARNING AND ADULT ACCESS TO AND SUCCESS IN POSTSECONDARY EDUCATION AND THE WORKFORCE. THE CENTER FOR EDUCATION ATTAINMENT AND INNOVATION ADDRESSES ADULT LEARNING CHALLENGES WITH A RANGE OF ACTIVITIES THAT INCLUDE NATIONAL INITIATIVES, RESEARCH PROGRAMS, SERVICES, ONLINE RESOURCES, WORKSHOPS AND PUBLICATIONS. THROUGH THESE MEANS, INCLUDING THE COLLEGE CREDIT RECOMMENDATION SERVICE AND EVALUATION OF MILITARY COURSES AND OCCUPATIONS, THE CENTER FOR EDUCATION ATTAINMENT AND INNOVATION HELPS ADULTS OBTAIN ACADEMIC CREDIT FOR FORMAL COURSES AND EXAMINATIONS TAKEN OUTSIDE TRADITIONAL COLLEGES AND UNIVERSITIES. IN CONJUNCTION WITH THESE PROGRAMS, THE CENTER'S REGISTRY SERVICES PROVIDE TRANSCRIPTS FOR ADULT LEARNERS WHO HAVE TAKEN ACE-EVALUATED CORPORATE AND MILITARY PROGRAMS. THE CENTER ALSO ENGAGES IN POLICY WORK THAT ADVANCES LIFELONG LEARNING FOR ADULTS ACROSS NUMEROUS SECTORS NATIONWIDE. MOST RECENTLY, ACE HAS BEEN INVOLVED WITH PROGRAMS TO SUPPORT ACTIVE DUTY MILITARY AS WELL AS VETERANS. 5884613 83461 2233867 PROFESSIONAL DEVELOPMENT AND INTERNATIONAL PROGRAMS: THESE PROGRAMS PROVIDE VALUABLE OPPORTUNITIES FOR INDIVIDUAL AND INSTITUTIONAL DEVELOPMENT. THE EXECUTIVE LEADERSHIP GROUP OFFERS CRITICAL NETWORKING AND EDUCATIONAL PROGRAMMING FOR SENIOR-LEVEL CAMPUS LEADERS WITH SPECIAL FOCUS ON PRESIDENTS, CHIEF ACADEMIC OFFICERS, VICE PRESIDENTS, AND OTHERS. THE EMERGING LEADERS GROUP OFFERS LEADERSHIP DEVELOPMENT PROGRAMS AND NETWORKING OPPORTUNITIES FOR MID-LEVEL ADMINISTRATORS. THE INCLUSIVE EXCELLENCE GROUP HELPS FOSTER GREATER DIVERSITY AND INCLUSION IN HIGHER EDUCATION THROUGH LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMS DESIGNED TO BROADEN THE HIGHER EDUCATION PIPELINE AS WELL AS RESEARCH INITIATIVES FOCUSED ON ANALYZING EMERGING TRENDS ON THE STATUS OF UNDERREPRESENTED GROUPS IN HIGHER EDUCATION. 4737826 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. 6763934 0 5693501 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. 6763934 0 5693501 24597623 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 1 0 0 0 0 0 0 0 0 0 0 1 1 300 0 176 1 1 1 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL NY X CATHY JONES 2029399558 ONE DUPONT CIRCLE NW SUITE 800 WASHINGTON DC 200361193 BARBARA R SNYDER CHAIR 1.00 X X 0 0 0 MARK P BECKER VICE CHAIR/ CHAIR-ELECT 1.00 X X 0 0 0 PAUL J LEBLANC SECRETARY 1.00 X X 0 0 0 JUDY C MINER IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 A CLAYTON SPENCER DIRECTOR 1.00 X 0 0 0 ANDREW D HAMILTON DIRECTOR 1.00 X 0 0 0 BRIAN NOLAND DIRECTOR 1.00 X 0 0 0 CAROL QUILLEN DIRECTOR 1.00 X 0 0 0 CHRIS KIMBALL DIRECTOR 1.00 X 0 0 0 DEBORAH F STANLEY DIRECTOR 1.00 X 0 0 0 DIANNE F HARRISON DIRECTOR 1.00 X 0 0 0 EDWARD J RAY DIRECTOR 1.00 X 0 0 0 ELAINE P MAIMON DIRECTOR 1.00 X 0 0 0 GP PETERON DIRECTOR 1.00 X 0 0 0 GAIL O MELLOW DIRECTOR 1.00 X 0 0 0 HOWARD GILLMAN DIRECTOR 1.00 X 0 0 0 JACKSON N SASSER DIRECTOR 1.00 X 0 0 0 JAMES H MULLEN JR DIRECTOR 1.00 X 0 0 0 JAMES P CLEMENTS DIRECTOR 1.00 X 0 0 0 JAVIER MIYARES DIRECTOR 1.00 X 0 0 0 JONATHAN R ALGER DIRECTOR 1.00 X 0 0 0 JUDITH AREEN DIRECTOR 1.00 X 0 0 0 JUSTIN DRAEGER DIRECTOR 1.00 X 0 0 0 MARIA HARPER-MARINICK DIRECTOR 1.00 X 0 0 0 MARK C REED DIRECTOR 1.00 X 0 0 0 PETER M DONOHUE DIRECTOR 1.00 X 0 0 0 RAYNARD S KINGTON DIRECTOR 1.00 X 0 0 0 RONALD A CRUTCHER DIRECTOR 1.00 X 0 0 0 SUZANNE ORTEGA DIRECTOR 1.00 X 0 0 0 TIMOTHY L KILLEEN DIRECTOR 1.00 X 0 0 0 WADED CRUZADO DIRECTOR 1.00 X 0 0 0 J KEITH MOTLEY DIRECTOR 1.00 X 0 0 0 CHRIS BUSTAMANTE DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 E GORDON GEE DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 HAROLD L MARTIN SR DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 JOHN C HITT DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 JOHN J DEGIOIA DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 KATHLEEN MCCARTNEY DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 LEO M LAMBERT DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 PHILIP BOROUGHS DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 R BARBARA GITENSTEIN DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 WALLACE D LOH DIRECTOR (UNTIL 03/2018) 1.00 X 0 0 0 MARGARET BROAD EX OFFICIO (UNTIL 08/2017) 35.00 X 1594627 0 58328 THEODORE R MITCHELL PRESIDENT (STARTED 09/2017) 35.00 X 203804 0 55377 TERRY HARTLE SVP, DGPA 35.00 X 401691 0 80909 JEFFREY DAVIES VP FOR FINANCE (UNTIL 12/2017) 35.00 X 384916 0 46029 KARA LEE VP, ADMINISTRATION & CIO 35.00 X 339438 0 51353 PETER MCDONOUGH VP, GENERAL COUNSEL 35.00 X 331145 0 39546 PHILIP ROGERS VP, CHIEF OF STAFF 35.00 X 282303 0 59310 LOUIS SOARES VP, STRATEGY , RESEARCH & ADVNC 35.00 X 281934 0 60559 SONYA WILLIAMS VP, CHIEF HR OFFICER 35.00 X 249743 0 41676 BRADLEY FARNSWORTH VP, CIGE 35.00 X 214334 0 41333 DANIEL MADZELAN AVP, GOVERNMENT RELATIONS 35.00 X 231946 0 30195 ANDREA BURNETT AVP, ITS 35.00 X 217402 0 38915 MOSES YOMI AVP, FINANCE & BUDGET 35.00 X 199824 0 42662 FELICIA CARR AVP, MARKETING & MEMBERSHIP 35.00 X 191011 0 30120 LORELLE ESPINOSA AVP, CPRS 35.00 X 179044 0 32527 JONATHAN RISKIND AVP, PUBLIC AFFAIRS 35.00 X 160066 0 36698 SCOTT JENSEN AVP, LEADERSHIP PROGS (TIL 10/2017) 35.00 X 155449 0 27527 MICHELLE ARMOUR SR. DIRECTOR, FIN. OPER. & TECH 35.00 X 207670 0 48494 TAMARRA NURI DIRECTOR, TOTAL REWARDS & HRIS 35.00 X 179133 0 55559 STEVEN BLOOM DIRECTOR, FEDERAL RELATIONS 35.00 X 182649 0 31355 SHERRI HUGHES DIRECTOR, ACE LEADERSHIP 35.00 X 168948 0 33183 KIM BOBBY DIR., INCLUSIVE EXCEL. GROUP 35.00 X 169426 0 1280 LYNN GANGONE FORMER VP, LEADERSHIP 35.00 X 110309 0 19418 TIMOTHY MCDONOUGH FORMER VP, COMMUNICATIONS & MARKETING 35.00 X 238650 0 0 6875462 0 962353 50 1 1 0 KENCONCO LLC 15489 PEACH LEAF DRIVE NORTH POTOT MD 20878 CONSTRUCTION 535600 COMPENDIUM SOFTWARE SYS 522 HUNT CLUB BLVD 319 APOPKA FL 32703 CONSULTING 174895 KEMP P BATTLE 37 HAPPY VALLEY ROAD BEARSVILLE NY 12409 CONSULTING 152500 ERNST & YOUNG LLP PO BOX 740382 PITTSBURG PA 152640382 CONSULTING 147500 MELISSA CAPERTON 1011 W STERLINGTON PL APEX NC 27502 CONSULTING 133200 9 7729943 3186583 3071604 13988130 RENT INCOME 900099 5667731 5667731 TESTING AND REGISTRATION FEES 900099 5653082 5653082 CONSULTING AND SPEAKER FEES 900099 70556 70556 INVESTMENT IN JOINT VENTURE 900099 -1428877 -1428877 24272 24272 9986764 2145793 2145793 7092130 7092130 6501070 35017 4521334 28502 1979736 6515 1986251 1986251 543516 199600 343916 277978 65938 GARAGE PARKING 900099 195369 195369 THE PRESIDENCY PUBLICATION - ADS 900099 74733 74733 32943 32943 303045 35846029 10264742 140671 11452486 X 83461 83461 6434962 5739604 657729 37629 11202576 6864581 3800729 537266 1089746 686964 354030 48752 1481754 932356 483839 65559 1061487 747095 278191 36201 393964 157021 230369 6574 58038 23132 33938 968 150000 127048 20714 2238 4242385 3743941 449843 48601 121856 96254 23865 1737 358993 240137 113620 5236 1191085 427178 741842 22065 682283 244967 427061 10255 1180213 1111039 59092 10082 1545279 1416262 116804 12213 44698 815 43849 34 2556323 1309923 1195161 51239 152775 21581 130291 903 REPAIRS AND MAINTENANCE 710212 278614 419935 11663 DUES & PUBLICATIONS 217383 176811 38211 2361 TAXES 71898 71898 235946 168839 62556 4551 35267317 24597623 9753567 916127 5045950 1629515 784678 3042238 2009978 2607298 54919 54903 384098 695766 38546024 27067723 11253266 11478301 59370570 60122629 206119 206464 13611580 12182703 1019997 871419 93741155 92891236 2431966 3828920 13639205 12404115 8183659 6288053 24254830 22521088 X 65597774 67358505 3888551 3011643 69486325 70370148 93741155 92891236 X 578712 53030 252081 X 0 1 X 1 1 1 X 30491199 29343065 17870559 12762331 13988130 104455284 26767468 15317819 16577832 10075455 10464342 79202916 57258667 44660884 34448391 22837786 24452472 183658200 2500 2500 0 2500 2500 183655700 1585602 2167897 2065588 8597671 9237923 23654681 1585602 2167897 2065588 8597671 9237923 23654681 170366 71984 228312 470662 58844269 46828781 36684345 31507441 33918707 207783543 0.88390 0.93040 0.11380 0.06850 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. GARAGE PARKING - 2017 AMOUNT: $ 195,369. OTHER REVENUE - 2015 AMOUNT: $ 154,664. 2016 AMOUNT: $ 17,619. 2017 AMOUNT: $ 32,943. 435054 435054 34493175 34928229 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 212783 182113 160881 435054 990831 250000 250000 250000 250000 1000000 1500000 2678042 2678042 16227705 142816 16084889 6790649 22899959 -16109310 12849628 4024948 8824680 11478301 INVESTMENT IN JOINT VENTURE 9182703 C INVESTMENT IN ACUE 3000000 C 12182703 RETIREE MEDICARE BENEFIT OBLIGATION 2982154 DEFERRED COMPENSATION 1679328 OTHER LIABILITIES 1469 CAPITAL LEASE LIABILITY 1300102 ASSET RETIREMENT OBLIGATION 325000 6288053 X 36446218 53030 95478 252081 400589 36045629 -199600 -199600 35846029 35562395 95478 199600 295078 35267317 0 35267317 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, 2018 AND 2017, 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, 2018 AND 2017, 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 252,081. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -199,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 199,600. 1 CALIFORNIA STATE MARITIME UNIVERSITY 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 680316355 501(C)(3) 7000 INSTITUTION STRENGTHENING AND DEVELOPMENT CIVIC NATION 727 15TH STREET NW 3RD 4TH FLOOR WASHINGTON DC 20005 473576918 501(C)(3) 15000 INSTITUTION STRENGTHENING AND DEVELOPMENT COMMITTEE FOR EDUCATION FUNDING 1800 M STREET NW SOUTH TOWER NO 500 500 WASHINGTON DC 20036 520891509 501(C)(4) 5000 INSTITUTION STRENGTHENING AND DEVELOPMENT EDUCATION WRITERS ASSOCIATION 3516 CONNECTICUT AVENUE NW WASHINGTON DC 20008 237439790 501(C)(3) 10000 INSTITUTION STRENGTHENING AND DEVELOPMENT INSIDE HIGHER ED 1150 CONNECTICUT AVENUE NW SUITE 400 WASHINGTON DC 20036 800093170 5000 INSTITUTION STRENGTHENING AND DEVELOPMENT LAMAR UNIVERSITY PO BOX 10119 BEAUMONT TX 77710 746000298 501(C)(3) 9000 INSTITUTION STRENGTHENING AND DEVELOPMENT SOUTHERN CONNECTICUT STATE UNIVERSITY 501 CRESCENT STREET NEW HAVEN CT 06515 061363115 501(C)(3) 9000 INSTITUTION STRENGTHENING AND DEVELOPMENT TEXAS SOUTHERN UNIVERSITY 3100 CLEBURNE STREET HOUSTON TX 77004 746001391 501(C)(3) 9000 INSTITUTION STRENGTHENING AND DEVELOPMENT WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BOULEVARD BOWLING GREEN KY 421011002 616055628 501(C)(3) 5000 INSTITUTION STRENGTHENING AND DEVELOPMENT 7 2 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 X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 MARGARET BROAD EX OFFICIO (UNTIL 08/2017) 382514 0 215267 0 996846 0 32400 0 25928 0 1652955 0 0 0 THEODORE R MITCHELL PRESIDENT (STARTED 09/2017) 203804 0 0 0 0 0 50000 0 5377 0 259181 0 0 0 TERRY HARTLE SVP, DGPA 360103 0 38456 0 3132 0 62400 0 18509 0 482600 0 0 0 JEFFREY DAVIES VP FOR FINANCE (UNTIL 12/2017) 331433 0 32469 0 21014 0 32400 0 13629 0 430945 0 0 0 KARA LEE VP, ADMINISTRATION & CIO 302408 0 29810 0 7220 0 32400 0 18953 0 390791 0 0 0 PETER MCDONOUGH VP, GENERAL COUNSEL 301983 0 29162 0 0 0 32400 0 7146 0 370691 0 0 0 PHILIP ROGERS VP, CHIEF OF STAFF 255662 0 26449 0 192 0 32400 0 26910 0 341613 0 0 0 LOUIS SOARES VP, STRATEGY , RESEARCH & ADVNC 255613 0 25769 0 552 0 32400 0 28159 0 342493 0 0 0 SONYA WILLIAMS VP, CHIEF HR OFFICER 226711 0 22480 0 552 0 27537 0 14139 0 291419 0 0 0 BRADLEY FARNSWORTH VP, CIGE 190682 0 19172 0 4480 0 23404 0 17929 0 255667 0 0 0 DANIEL MADZELAN AVP, GOVERNMENT RELATIONS 213000 0 15898 0 3048 0 25560 0 4635 0 262141 0 0 0 ANDREA BURNETT AVP, ITS 204773 0 12269 0 360 0 24962 0 13953 0 256317 0 0 0 MOSES YOMI AVP, FINANCE & BUDGET 184198 0 14539 0 1087 0 22866 0 19796 0 242486 0 0 0 FELICIA CARR AVP, MARKETING & MEMBERSHIP 176542 0 13899 0 570 0 21209 0 8911 0 221131 0 0 0 LORELLE ESPINOSA AVP, CPRS 165936 0 12868 0 240 0 20148 0 12379 0 211571 0 0 0 JONATHAN RISKIND AVP, PUBLIC AFFAIRS 149374 0 10158 0 534 0 18600 0 18098 0 196764 0 0 0 SCOTT JENSEN AVP, LEADERSHIP PROGS (TIL 10/2017) 140232 0 9392 0 5825 0 16999 0 10528 0 182976 0 0 0 MICHELLE ARMOUR SR. DIRECTOR, FIN. OPER. & TECH 190383 0 16224 0 1063 0 24153 0 24341 0 256164 0 0 0 TAMARRA NURI DIRECTOR, TOTAL REWARDS & HRIS 172194 0 6684 0 255 0 23027 0 32532 0 234692 0 0 0 STEVEN BLOOM DIRECTOR, FEDERAL RELATIONS 174182 0 7375 0 1092 0 21693 0 9662 0 214004 0 0 0 SHERRI HUGHES DIRECTOR, ACE LEADERSHIP 161573 0 7375 0 0 0 19620 0 13563 0 202131 0 0 0 KIM BOBBY DIR., INCLUSIVE EXCEL. GROUP 3363 0 0 0 166063 0 390 0 890 0 170706 0 0 0 LYNN GANGONE FORMER VP, LEADERSHIP 106530 0 0 0 3779 0 12952 0 6466 0 129727 0 0 0 TIMOTHY MCDONOUGH FORMER VP, COMMUNICATIONS & MARKETIN 0 0 0 0 238650 0 0 0 0 0 238650 0 0 0 PART I, LINE 1A MARGARET BROAD - HOUSING ALLOWANCE; $98,460 - NOT INCLUDED IN TAXABLE INCOME. MARGARET BROAD - HEALTH OR SOCIAL CLUB DUES; $3,012 - NOT INCLUDED IN TAXABLE INCOME. ROBERT BROAD - TRAVEL FOR COMPANION; $2,674 - NOT INCLUDED IN TAXABLE INCOME PART I, LINES 4A-B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN AND RECEIVED THE FOLLOWING BENEFITS UNDER THE PLAN: THEODORE MITCHELL; $50,000 TERRY HARTLE; $30,000 THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT IN 2017: VANINA COLOMBO; $6,414 KIM BOBBY; $145,766 TIMOTHY MCDONOUGH; $238,650 AMERICAN MUTUAL HEALTH INSURANCE COMPANY SONYA WILLIAMS IS A BOD MEMBER AT AMHIC & AN OFFICER AT ACE 2155792 INSURANCE PREMIUMS 0 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 THE MEETING OF THE BOARD OF DIRECTORS. 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 THE BOARD MEETING. 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 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 CONSULTANTS: PROGRAM SERVICE EXPENSES 2,142,878. MANAGEMENT AND GENERAL EXPENSES 349,374. FUNDRAISING EXPENSES 37,746. TOTAL EXPENSES 2,529,998. CONTRACTED PERSONNEL: PROGRAM SERVICE EXPENSES 257,456. MANAGEMENT AND GENERAL EXPENSES 41,976. FUNDRAISING EXPENSES 4,535. TOTAL EXPENSES 303,967. HONORARIUM: PROGRAM SERVICE EXPENSES 191,490. MANAGEMENT AND GENERAL EXPENSES 31,220. FUNDRAISING EXPENSES 3,373. TOTAL EXPENSES 226,083. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 103,473. MANAGEMENT AND GENERAL EXPENSES 16,870. FUNDRAISING EXPENSES 1,823. TOTAL EXPENSES 122,166. RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 20,096. MANAGEMENT AND GENERAL EXPENSES 3,277. FUNDRAISING EXPENSES 354. TOTAL EXPENSES 23,727. SPEAKERS FEES: PROGRAM SERVICE EXPENSES 12,705. MANAGEMENT AND GENERAL EXPENSES 2,071. FUNDRAISING EXPENSES 224. TOTAL EXPENSES 15,000. SUBAWARD/SUB-CONTRACTS: PROGRAM SERVICE EXPENSES 984,837. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 984,837. OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 31,006. MANAGEMENT AND GENERAL EXPENSES 5,055. FUNDRAISING EXPENSES 546. TOTAL EXPENSES 36,607. FORM 990, PART XI, LINE 9: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST 252,081. GED TESTING SERVICE LLC 5601 GREEN VAL DRIVE BLOOMINGTON MN 55437 275436001 TESTING PROGRAM DE RELATED 0 -1428877 9182703 0 0 0.30000