2018-06-27T11:03:50-05:00 2017-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2016-10-01 530196573 AMERICAN COUNCIL ON EDUCATION AMER 2029399330 ONE DUPONT CIRCLE NW NO 1100 WASHINGTON DC 200361193 MOSES YOMI ASST VICE PRESIDENT, FINANCE 2029399330 2018-06-26 1 IVY BECKHAM P01316131 5712279500 2016 2022-09-23 18:48:47Z TED MITCHELL ONE DUPONT CIRCLE NW NO 1100 WASHINGTON DC 200361193 33750298 0 X WWW.ACENET.EDU X 1918 DC CONSENSUS LEADER ON HIGHER EDUCATION ISSUES & COORDINATING BODY FOR UNITED STATES HIGHER ED. 35 35 182 35 191911 -398835 17870559 12762331 16075001 9597862 1750877 2441954 739000 7569377 36435437 32371524 784837 35000 0 0 22021608 21227852 0 0 572537 12435888 12903652 35242333 34166504 1193104 -1794980 89246756 93741155 21968464 24254830 67278292 69486325 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 7132976 2274371 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. 6372639 35000 2302124 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. 3938810 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. 5671710 5365969 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. 5671710 5365969 23116135 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 1 310 0 182 1 1 1 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL NY X MOSES YOMI 2029399333 ONE DUPONT CIRCLE NW WASHINGTON DC 200361193 JOHN J DEGIOIA CHAIR 1.00 X X 0 0 0 JUDY C MINER VICE CHAIR/CHAIR-ELECT 1.00 X X 0 0 0 EDWARD J RAY SECRETARY 1.00 X X 0 0 0 RENU KHATOR IMMEDIATE PAST CHAIR ('TIL 03/2017) 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 BARBARA R SNYDER 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 BUSTAMANTE 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 E GORDON GEE DIRECTOR 1.00 X 0 0 0 ELAINE P MAIMON DIRECTOR 1.00 X 0 0 0 GAIL O MELLOW DIRECTOR 1.00 X 0 0 0 HAROLD L MARTIN SR DIRECTOR 1.00 X 0 0 0 J KEITH MOTLEY 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 JOHN C HITT 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 LEO M LAMBERT DIRECTOR 1.00 X 0 0 0 MARIA HARPER-MARINICK DIRECTOR 1.00 X 0 0 0 MARK P BECKER DIRECTOR 1.00 X 0 0 0 PAUL J LEBLANC DIRECTOR 1.00 X 0 0 0 PETER M DONOHUE DIRECTOR 1.00 X 0 0 0 PHILIP BOROUGHS DIRECTOR 1.00 X 0 0 0 R BARBARA GITENSTEIN 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 WALLACE D LOH DIRECTOR 1.00 X 0 0 0 CATHARINE BOND HILL DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 DARRELL G KIRCH DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 DENNIS H HOLTSCHNEIDER DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 ELLIOTT SHORE DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 ELOY ORTIZ OAKLEY DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 JOHN ANDERSON FRY DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 JOHN M DUNN DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 KATHLEEN MCCARTNEY DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 L RAFAEL REIF DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 MARIE FOSTER GNAGE DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 ROBERT A BROWN DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 SANTA J ONO DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 STEPHEN JORDAN DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 BRICE W HARRIS DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 RUFUS GLASPER DIRECTOR (UNTIL 03/2017) 1.00 X 0 0 0 MARGARET BROAD EX OFFICIO 35.00 X 683390 0 314799 TERRY HARTLE SENIOR VICE PRESIDENT, DGPA 35.00 X 401584 0 78315 JEFFREY DAVIES VICE PRESIDENT FOR FINANCE 35.00 X 355291 0 44717 TIMOTHY MCDONOUGH VICE PRESIDENT, COMM. & MARKETING 35.00 X 411795 0 59128 KARA FREEMAN LEE VICE PRESIDENT, ADMINISTRATION & CIO 35.00 X 331727 0 49985 PETER MCDONOUGH VICE PRESIDENT, GENERAL COUNSEL 35.00 X 299450 0 44425 LYNN GANGONE VICE PRESIDENT, LEADERSHIP 35.00 X 293660 0 46577 LOUIS SOARES VICE PRESIDENT, CPRS 35.00 X 267593 0 56700 DEBORAH SEYMOUR CHIEF ACADEMIC INNOVATION OFFICER 35.00 X 258262 0 29300 SONYA WILLIAMS VICE PRESIDENT, CHIEF HR OFFICER 35.00 X 242449 0 40672 PHILIP ROGERS VICE PRESIDENT & CHIEF OF STAFF 35.00 X 240713 0 52721 DANIEL MADZELAN ASST VICE PRESIDENT, GOV'T RELATIONS 35.00 X 228252 0 29835 PATTI PETERSON PRES. ADVISOR/GLOBAL INITIATIVES 35.00 X 210485 0 22899 ANDREA BURNETT ASST VICE PRESIDENT, ITS 35.00 X 199429 0 37755 MOSES YOMI ASST VICE PRESIDENT, FINANCE/BUDGET 35.00 X 191757 0 42461 FELICIA CARR ASST VICE PRES, MARKETING/MEMBERS 35.00 X 183835 0 31748 BRADLEY FARNSWORTH ASST VICE PRESIDENT, CIGE 35.00 X 182597 0 38289 LORELLE ESPINOSA ASST VICE PRESIDENT, CPRS 35.00 X 173583 0 31379 MICHELLE ARMOUR DIRECTOR, ACCOUNTING SYSTEMS 35.00 X 184686 0 46352 BLOOM STEVEN DIRECTOR, FEDERAL RELATIONS 35.00 X 170042 0 39661 TAMARRA NURI DIRECTOR, TOTAL REWARDS & HRIS 35.00 X 169235 0 48941 MEEHAN HICKEY ANNE DIRECTOR, GOVERNMENT RELATIONS 35.00 X 164065 0 45689 BRIAN JENKINS DIRECTOR, PDSC 35.00 X 156148 0 37262 6000028 0 1269610 50 0 1 0 OBJECTIVE SYSTEMS LLC 342 JIB LANE LAKESIDE MT 59922 CONSULTING 189287 ROBERT C KANOY III 3812 CHURCHHILL CIRCLE DURHAM NC 27707 CONSULTING 173038 KEMP P BATTLE 37 HAPPY VALLEY ROAD BEARSVILLE NY 12409 CONSULTING 170000 WAMWAM LLC DBA SOCIAL DRIVER 1030 15TH STREET NW SUITE 1050W WASHINGTON DC 20005 CONSULTING 155355 ERNST & YOUNG LLP 1101 NEW YORK AVENUE NW 4TH FLOOR WASHINGTON DC 20005 CONSULTING 146000 10 7657682 3100362 2004287 12762331 TESTING AND REGISTRATION FEES 900099 5732878 5732878 RENT INCOME 900099 5190846 5190846 GARAGE PARKING 900099 310457 310457 CONSULTING AND SPEAKER FEES 900099 48252 48252 INVESTMENT IN JOINT VENTURE 900099 -1707560 -1707560 22989 22989 9597862 1582426 1582426 7015245 7015245 2050946 1191418 859528 859528 859528 647271 187356 459915 290237 169678 THE PRESIDENCY PUBLICATION - ADS 900099 76598 54365 22233 17619 17619 94217 32371524 9942464 191911 9474818 X 35000 35000 6432564 5841103 556891 34570 11025067 6979374 3750630 295063 1062963 650293 382464 30206 1680570 1112477 457582 110511 1026688 739215 266939 20534 286404 63576 221139 1689 64286 14270 49637 379 3079059 2269268 788446 21345 65222 46704 17799 719 362785 242445 119002 1338 1195701 442654 742643 10404 716304 173225 538388 4691 1072732 998582 69956 4194 1515627 1402720 111425 1482 33529 1609 31876 44 2330376 897261 1408920 24195 191089 12884 177856 349 REPAIRS AND MAINTENANCE 748936 192735 550982 5219 SUBAWARD/SUB-CONTRACTS 722427 722427 DUES & PUBLICATIONS 139061 99721 37023 2317 TAXES 116835 0 116835 0 263279 178592 81399 3288 34166504 23116135 10477832 572537 2212368 5045950 781434 784678 2004098 2009978 58098 54919 2145002 384098 36731684 25478418 11186759 11253266 55122967 59370570 208742 206119 15319140 13611580 208148 1019997 89246756 93741155 2488488 2431966 11767904 13639205 724382 0 6987690 8183659 21968464 24254830 X 62591084 65597774 4687208 3888551 67278292 69486325 89246756 93741155 X -1794980 3652406 350607 X 0 1 X 1 1 1 X 33311694 30491199 29343065 17870559 12762331 123778848 17761115 26767468 15317819 16577832 10075455 86499689 51072809 57258667 44660884 34448391 22837786 210278537 0 0 0 210278537 1069155 1585602 2167897 2065588 8597671 15485913 1069155 1585602 2167897 2065588 8597671 15485913 170366 71984 242350 52141964 58844269 46828781 36684345 31507441 226006800 0.93040 0.96850 0.06850 0.03080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: THE PRESIDENCY PUBLICATION - ADVERTISING - 2015 AMOUNT: $ 15,702. 2016 AMOUNT: $ 54,365. OTHER REVENUE - 2015 AMOUNT: $ 154,664. 2016 AMOUNT: $ 17,619. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160881 160881 33412005 33572886 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 152839 212783 182113 160881 708616 250000 250000 250000 250000 1000000 1500000 2678042 2678042 15226766 142457 15084309 7354204 22119017 -14764813 11472672 3216944 8255728 11253266 INVESTMENT IN JOINT VENTURE 10611580 C INVESTMENT IN ACUE 3000000 C 13611580 RETIREE MEDICARE BENEFIT OBLIGATION 3234235 DEFERRED COMPENSATION 2945268 OTHER LIABILITIES 1894 CAPITAL LEASE LIABILITY 1677262 ASSET RETIREMENT OBLIGATION 325000 8183659 X 36651755 3652406 89862 350607 4092875 32558880 -187356 -187356 32371524 34443722 89862 187356 277218 34166504 0 34166504 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, 2017 AND 2016, 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, 2017 AND 2016, 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 350,607. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -187,356. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 187,356. 1 EQUAL JUSTICE WORKS 1730 M STREET NW SUITE 800 WASHINGTON DC 20036 521469738 501(C)(3) 5000 INSTITUTION STRENGTHENING AND DEVELOPMENT FRANKLIN W OLIN COLLEGE OF ENGINEERING INC 1000 OLIN WAY NEEDHAM MA 02492 061519057 501(C)(3) 7000 INSTITUTION STRENGTHENING AND DEVELOPMENT NORTHEASTERN ILLINOIS UNIVERSITY 1425 W LINCON HIGHWAY DEKALB IL 60115 366009515 115 7000 INSTITUTION STRENGTHENING AND DEVELOPMENT UNIVERSITY OF CENTRAL ARKANSAS 201 DONAGHEY AVENUE CONWAY AR 72035 716001828 115 5000 INSTITUTION STRENGTHENING AND DEVELOPMENT 4 0 PART I, LINE 2: THE AMERICAN COUNCIL ON EDUCATION (ACE) RECEIVES FEDERAL FUNDS THROUGH ITS OFFICE OF HIGHER EDUCATION FOR DEVELOPMENT (HED) AND THE OFFICE OF LEADERSHIP AND LIFELONG LEARNING (LLL). IN ACCORDANCE WITH FEDERAL GOVERNMENT ADMINISTRATIVE REQUIREMENTS, ACE ENSURES THAT THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE AND THAT THERE ARE NO OMB CIRCULAR A-133 AUDIT FINDINGS THAT MAY ADVERSELY AFFECT THE USE OF THE SUBRECIPIENT'S GRANT FUNDS. OMB CIRCULAR A-133 REQUIRES ANY NON-FEDERAL ORGANIZATION EXPENDING $750,000 OR MORE IN FEDERAL AWARDS IN ANY GIVEN YEAR TO HAVE AN AUDIT CONDUCTED IN ACCORDANCE WITH STANDARDS ESTABLISHED BY THE OFFICE OF MANAGEMENT AND BUDGET (OMB). ACCORDINGLY, AN ORGANIZATION RECEIVING A SUBAWARD FROM ACE THAT MEETS THIS CRITERION IS REQUIRED TO CONDUCT AN AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. SUBAWARDEES THAT DO NOT MEET THE CIRCULAR A-133 AUDIT REQUIREMENT ARE ASKED TO CONDUCT AN ANNUAL INDEPENDENT AUDIT. ACE USES A DATABASE TO TRACK ITS UNIVERSITY PARTNERS TO ENSURE A-133 REPORTS ARE SUBMITTED IN A TIMELY MANNER. ANNUALLY, ACE REQUESTS PARTNERSHIPS TO SUBMIT THE A-133 REPORTS OF THEIR INSTITUTIONS AND REVIEWS THE REPORTS RECEIVED FOR ANY INTERNAL CONTROL OR COMPLIANCE FINDINGS. AS PART OF THE REVIEW PROCESS, ACE CONSIDERS THE IMPACT OF ANY FINDINGS ON ITS OWN FINANCIAL RECORDS. TO ENSURE THAT THE AUDIT REPORTS ARE SUBMITTED TO ACE TIMELY, THE G&C UNIT SENDS A LETTER TO ALL ITS DOMESTIC SUBAWARDEES AROUND JULY OR AUGUST OF EVERY YEAR. THIS LETTER REQUESTS THAT THE ORGANIZATION CERTIFIES WHETHER IT IS SUBJECT TO CIRCULAR A-133 AUDIT OR NOT, AND, IF APPLICABLE, TO PROVIDE ACE WITH A COPY OF THEIR LATEST AUDIT REPORT. A SAMPLE OF THE LETTER SENT OUT TO THE AMERICAN UNIVERSITY PARTNERS IS ON EACH PARTNERSHIP AGREEMENT FILE OR IT IS KEPT ELECTRONICALLY. THE AUDIT REPORTS FOR THE PRIOR FISCAL YEAR ARE TO BE SUBMITTED TO ACE'S SENIOR CONTRACT ACCOUNTANT, WHO REVIEWS THE REPORTS AND ENTERS THEM INTO THE G&C DATABASE SYSTEM, WITH THE DATE OF RECEIPT. IN ADDITION, EVERY YEAR, ACE CONDUCTS SITE VISITS TO SELECTED SUBRECIPIENT INSTITUTIONS. THE PARTNER INSTITUTIONS TO BE VISITED ARE SELECTED BASED ON A RISK ASSESSMENT THAT IS IDENTIFIED BY STAFF DURING THE ONGOING MONITORING OF THE PARTNERSHIP ACTIVITIES. ONCE A NEED FOR A SITE VISIT IS IDENTIFIED, ACE PUTS TOGETHER A TEAM THAT WILL VISIT THE PARTNERS' INSTITUTION. THE TEAM NORMALLY CONSISTS OF TWO TO THREE MEMBERS OF THE G&C UNIT, PLUS THE PROGRAM SPECIALIST IN CHARGE OF THE PARTNERSHIP. IN SOME CASES, A MEMBER OF THE ACE LEGAL COUNSEL ALSO ATTENDS THESE VISITS. DURING THE SITE VISITS, THE GRANTS AND CONTRACTS UNIT STAFF REVIEW FINANCIAL RECORDS (I.E. QUARTERLY FINANCIAL AND COST SHARE REPORTS) AND OBTAIN SUPPORTING DOCUMENTATION TO SUBSTANTIATE THE AMOUNTS REPORTED TO ACE. THE PROGRAM SPECIALIST REVIEWS DOCUMENTATION OF PROGRAMMATIC NATURE AND INTERVIEWS THE PROGRAM DIRECTOR TO ASSESS THE PROGRESS AND THE STATUS OF THE PARTNERSHIP. X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 MARGARET BROAD EX OFFICIO 565391 0 112455 0 5544 0 181800 0 132999 0 998189 0 0 0 TERRY HARTLE SENIOR VICE PRESIDENT, DGPA 360781 0 37699 0 3104 0 61800 0 16515 0 479899 0 0 0 JEFFREY DAVIES VICE PRESIDENT FOR FINANCE 322380 0 31323 0 1588 0 31800 0 12917 0 400008 0 0 0 TIMOTHY MCDONOUGH VICE PRESIDENT, COMM. & MARKETING 272746 0 23947 0 115102 0 31800 0 27328 0 470923 0 0 0 KARA FREEMAN LEE VICE PRESIDENT, ADMINISTRATION & CIO 303098 0 28269 0 360 0 31800 0 18185 0 381712 0 0 0 PETER MCDONOUGH VICE PRESIDENT, GENERAL COUNSEL 299450 0 0 0 0 0 31800 0 12625 0 343875 0 0 0 LYNN GANGONE VICE PRESIDENT, LEADERSHIP 267598 0 25030 0 1032 0 31800 0 14777 0 340237 0 0 0 LOUIS SOARES VICE PRESIDENT, CPRS 242590 0 24451 0 552 0 30907 0 25793 0 324293 0 0 0 DEBORAH SEYMOUR CHIEF ACADEMIC INNOVATION OFFICER 147677 0 11524 0 99061 0 18044 0 11256 0 287562 0 0 0 SONYA WILLIAMS VICE PRESIDENT, CHIEF HR OFFICER 220152 0 21745 0 552 0 26735 0 13937 0 283121 0 0 0 PHILIP ROGERS VICE PRESIDENT & CHIEF OF STAFF 218672 0 21849 0 192 0 27996 0 24725 0 293434 0 0 0 DANIEL MADZELAN ASST VICE PRESIDENT, GOV'T RELATIONS 210000 0 15204 0 3048 0 25200 0 4635 0 258087 0 0 0 PATTI PETERSON PRES. ADVISOR/GLOBAL INITIATIVES 148247 0 0 0 62238 0 17794 0 5105 0 233384 0 0 0 ANDREA BURNETT ASST VICE PRESIDENT, ITS 199069 0 0 0 360 0 24234 0 13521 0 237184 0 0 0 MOSES YOMI ASST VICE PRESIDENT, FINANCE/BUDGET 176906 0 13764 0 1087 0 22200 0 20261 0 234218 0 0 0 FELICIA CARR ASST VICE PRES, MARKETING/MEMBERS 169942 0 13323 0 570 0 20393 0 11355 0 215583 0 0 0 BRADLEY FARNSWORTH ASST VICE PRESIDENT, CIGE 159832 0 12685 0 10080 0 19924 0 18365 0 220886 0 0 0 LORELLE ESPINOSA ASST VICE PRESIDENT, CPRS 160633 0 12718 0 232 0 19467 0 11912 0 204962 0 0 0 MICHELLE ARMOUR DIRECTOR, ACCOUNTING SYSTEMS 183623 0 0 0 1063 0 23336 0 23016 0 231038 0 0 0 BLOOM STEVEN DIRECTOR, FEDERAL RELATIONS 168974 0 0 0 1068 0 21061 0 18600 0 209703 0 0 0 TAMARRA NURI DIRECTOR, TOTAL REWARDS & HRIS 168267 0 0 0 968 0 22162 0 26779 0 218176 0 0 0 MEEHAN HICKEY ANNE DIRECTOR, GOVERNMENT RELATIONS 163705 0 0 0 360 0 21313 0 24376 0 209754 0 0 0 BRIAN JENKINS DIRECTOR, PDSC 148760 0 6385 0 1003 0 18644 0 18618 0 193410 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; $2,868 - NOT INCLUDED IN TAXABLE INCOME. ROBERT BROAD - TRAVEL FOR COMPANION; $1,148 - 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: MARGARET BROAD; $150,000 TERRY HARTLE; $30,000 THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT IN 2016: NICOLE CHESTANG; $69,941 TIMOTHY MCDONOUGH; $80,000 DEBORAH SEYMOUR; $70,337 AMERICAN MUTUAL HEALTH INSURANCE COMPANY SONYA WILLIAMS IS A BOD MEMBER AT AMHIC & AN OFFICER AT ACE 1809265 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 COMPENSATION COMMITTEE OF THE ORGANIZATION OBTAINS COMPARABILITY DATA TO SUPPORT SALARY ADJUSTMENTS FOR THE PRESIDENT OF THE ORGANIZATION. WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE ORGANIZATION RELIES UPON COMPARABILITY DATA, UTILIZES INDEPENDENT PERSONS AND MAINTAINS THE APPROPRIATE RECORDS TO SUBSTANTIATE THE DECISION MAKING PROCESS. THE SAME PROCESS IS UTILIZED FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE MOST RECENT YEAR THE PROCESS TOOK PLACE IS 2017. 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 1,829,198. MANAGEMENT AND GENERAL EXPENSES 635,546. FUNDRAISING EXPENSES 17,206. TOTAL EXPENSES 2,481,950. CONTRACTED PERSONNEL: PROGRAM SERVICE EXPENSES 191,878. MANAGEMENT AND GENERAL EXPENSES 66,667. FUNDRAISING EXPENSES 1,805. TOTAL EXPENSES 260,350. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 110,779. MANAGEMENT AND GENERAL EXPENSES 38,489. FUNDRAISING EXPENSES 1,042. TOTAL EXPENSES 150,310. HONORARIUM: PROGRAM SERVICE EXPENSES 61,917. MANAGEMENT AND GENERAL EXPENSES 21,513. FUNDRAISING EXPENSES 582. TOTAL EXPENSES 84,012. EMPLOYMENT AGENCY FEES: PROGRAM SERVICE EXPENSES 20,695. MANAGEMENT AND GENERAL EXPENSES 7,190. FUNDRAISING EXPENSES 195. TOTAL EXPENSES 28,080. SPEAKERS FEES: PROGRAM SERVICE EXPENSES 19,678. MANAGEMENT AND GENERAL EXPENSES 6,837. FUNDRAISING EXPENSES 185. TOTAL EXPENSES 26,700. OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 35,123. MANAGEMENT AND GENERAL EXPENSES 12,204. FUNDRAISING EXPENSES 330. TOTAL EXPENSES 47,657. FORM 990, PART XI, LINE 9: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST 350,607. GED TESTING SERVICE LLC 5601 GREEN VAL DRIVE BLOOMINGTON MN 55437 275436001 TESTING PROGRAM DE RELATED 0 -1707560 10611580 0 0 0.30000