2018-05-09T13:54:44-05:00 2017-06-30 420714325 RSM US LLP 1861 International Drive Suite 400 McLean VA 22102 990 2016-07-01 621469595 CAREER EDUCATION COLLEGES AND UNIVERSITIES CARE 5719703941 1530 WILSON BLVD No 1050 ARLINGTON VA 22209 Steve Gunderson CEO/PRESIDENT 5719703941 2018-05-08 1 Yong Zhang CPA P01249785 7033366400 2016 2022-09-23 18:48:47Z CECU Steve Gunderson 1530 WILSON BLVD No 1050 ARLINGTON VA 22209 5910431 0 X WWW.CAREER.ORG X 1991 DC CAREER EDUCATION COLLEGES AND UNIVERSITIES, PREVIOUSLY NAMED THE ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES, IS AN ORGANIZATION OF PRIVATE, POSTSECONDARY CAREER COLLEGES, SCHOOLS AND OTHER ENTITIES ESTABLISHED TO FOSTER POLICIES TO ENSURE EQUITABLE ACCESS FOR STUDENTS TO QUALITY CAREER AND SKILL EDUCATION, ENABLE CAREER COLLEGES TO GROW AND PROSPER, AND HELP THE NATION ATTAIN A MORE GLOBALLY COMPETITIVE WORKFORCE. 14 14 7 50 29375 4247 383128 106009 4350404 3424360 289353 191660 33613 12584 5056498 3734613 0 0 0 0 1891168 1485006 0 0 0 4343296 3429108 6234464 4914114 -1177966 -1179501 6796479 5429893 1589853 1395061 5206626 4034832 THE CAREER EDUCATION COLLEGES AND UNIVERSITIES (CECU) IS THE PREMIER SOURCE OF CRUCIAL INFORMATION AND PUBLIC POLICY RECOMMENDATIONS THAT PROMOTE ACCESS TO CAREER EDUCATION AND THE IMPORTANCE OF WORKFORCE DEVELOPMENT. 0 0 GOVERNMENT AFFAIRS: PROVIDED FEDERAL AND STATE LEGISLATIVE ADVOCACY ON ISSUES RELATING TO POSTSECONDARY ACCESS, AFFORDABILITY, AND ACCOUNTABILITY; FAIR TREATMENT FOR SECTION 102 INSTITUTIONS IN OTHER FEDERAL PROGRAMS; WORKED FOR REASONABLE REGULATION AND REGULATORY OVERSIGHT AT THE FEDERAL AND STATE LEVELS; AND LED GRASSROOTS MOBILIZATION EFFORTS AIMED AT GAINING WIDESPREAD PARTICIPATION OF CECU MEMBERS IN ADVOCACY OUTREACH. COMMUNICATIONS/PUBLIC AFFAIRS: WORKED TO ADVANCE THE IMAGE, REPUTATION AND PERCEPTION OF THE CAREER COLLEGE SECTOR THROUGH A WIDE VARIETY OF OUTREACH EFFORTS, PROGRAMS AND CHANNELS; MAINTAINED REGULAR MEDIA RELATIONS PROGRAM AND CRAFTED REGULAR COMMUNICATIONS VEHICLES, INCLUDING PRINT PUBLICATIONS, DIGITAL PUBLICATIONS, WEBSITE BLOGS, ETC. COVENTION, CONFERENCES AND SEMINARS: PROVIDED CECU MEMBERS WITH TIMELY INFORMATION AND NETWORKING PLATFORMS FOR FEDERAL REGULATORY COMPLIANCE, MANAGEMENT BEST PRACTICES, INTERACTION WITH OFFICIALS AND EXPERTS FROM OUTSIDE THE SECTOR, AND EXPOSURE TO NEW PRODUCTS AND SERVICES. SIX PROGRAMS WERE HELD DURING THE YEAR WITH APPROXIMATELY 1,200 IN ATTENDANCE. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30 0 1 7 1 1 1 0 0 0 1 1 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X Diane Johnson 5719703941 1530 WILSON BLVD No 1050 ARLINGTON VA 22209 NICK MANSOUR CHAIR 1.00 X X 0 0 0 DAVID VICE VICE CHAIR 1.00 X X 0 0 0 LYNELLE LYNCH TREASURER 1.00 X X 0 0 0 MARK DREYFUS DIRECTOR 1.00 X 0 0 0 ART KEISER DIRECTOR 1.00 X 0 0 0 ROBERT HERZOG DIRECTOR 1.00 X 0 0 0 WILLIAM CLOHAN DIRECTOR 1.00 X 0 0 0 JAMES BOLOGA DIRECTOR 1.00 X 0 0 0 BRAD KUYKENDALL DIRECTOR 1.00 X 0 0 0 JASON PISTILLO DIRECTOR 1.00 X 0 0 0 SCOTT SHAW DIRECTOR 1.00 X 0 0 0 CHARLES WONDERLIC DIRECTOR 1.00 X 0 0 0 MEL WEINER DIRECTOR 1.00 X 0 0 0 JEFFREY LEEDS DIRECTOR 1.00 X 0 0 0 STEVE GUNDERSON CEO/PRESIDENT 37.50 X 411226 0 32930 MICHAEL DAKDUK EVP & Dir. GOVT RELATIONS 37.50 X 233178 0 22323 KELLEY BLANCHARD VP OF PROFESSIONAL Development 37.50 X 135135 0 13281 DIANE JOHNSON CONTROLLER 37.50 X 118192 0 22136 DEEPTI TANEJA VP OF OPERATIONS & BOD LIASION 37.50 X 110473 0 34715 1008204 0 125385 5 0 1 0 1101 CT PROPERTY 2400 N STREET NW SUITE 600 WASHINGTON DC 20037 PROPERTY MANAGEMENT 598857 GIBSON & DUNN 333 SOUTH GRAND AVENUE LOS ANGELES CA 90071 LEGAL SERVICES 444058 COOLEY LLP 101 CALIFORNIA STREET 5TH FLOOR San Francisco CA 941115800 LEGAL SERVICES 140000 MCBEE STRATEGIC CONSULTING LLC 455 MASS AVE NW 12th Floor WashinGTON DC 20001 LEGAL SERVICES 120000 4 106009 106009 Membership Dues 900099 2351111 2351111 Convention 900099 892604 892604 Workshops 611170 105470 105470 Advertising 541800 75175 45800 29375 3424360 96780 96780 2270698 2163340 12478 107358 -12478 94880 94880 OTHER INCOME 900099 7099 7099 AFFINITY INCOME 900099 5485 5485 12584 3734613 3394985 29375 204244 X 690900 592642 50186 80316 70962 257066 51450 494315 15486 805593 95225 85937 336208 54967 1075840 90561 24537 PUBS/SUBSCRIPTIONS 30727 Other Expenses 8167 MEMBERSHIP 3029 4914114 1156100 812812 2173401 376669 173814 176537 488 0 132183 104577 144221 77808 130794 66413 2992632 3882435 37067 10450 6796479 5429893 928583 713136 462418 504930 198852 176995 1589853 1395061 X 5206626 4034832 5206626 4034832 6796479 5429893 -1179501 7707 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2351111 535835 -308854 226981 282133 -55152 144221 77808 66413 66413 Deferred Rent OBLIGATION 51124 deferred compensation 125871 176995 X 3754798 7707 7707 3747091 -12478 -12478 3734613 4926592 0 4926592 -12478 -12478 4914114 Part X, Line 2: The Association is generally exempt from federal income taxes under the provisions of Section 501(c)(6) of the Internal Revenue Code (IRC). Under current Internal Revenue Service (IRS) regulations, advertising revenue is subject to unrelated business income tax. The Association had tax expense for unrelated business income of $11,640 and $12,353 for the years ended June 30, 2017 and 2016 respectively. Management evaluated the tax positions and concluded that the Association has taken no uncertain tax positions that require adjustment to the financial statements. Generally, the Association is no longer subject to U.S. federal income tax positions by tax authorities for the years before 2014. Part XI, Line 4b - Other Adjustments: Loss on Disposal of Fixed Assets -12,478. Part XII, Line 4b - Other Adjustments: Loss on Disposal of Fixed Assets -12,478. X 1 1 X X X X 0 0 0 STEVE GUNDERSON CEO/PRESIDENT 409740 0 0 0 1486 0 13000 0 19930 0 444156 0 0 0 MICHAEL DAKDUK EVP & Dir. GOVT RELATIONS 232818 0 0 0 360 0 11881 0 10442 0 255501 0 0 0 Part I, Line 1a The following employees received taxable social/health club benefits: Steve Gunderson: $200 Michael Dakduk: $240 Diane Johnson: $240 Kelley Blanchard: $240 THESE AMOUNTS WERE PAID IN COMPLIANCE WITH THE ASSOCIATION'S WRITTEN POLICY. Form 990, Part VI, Section A, line 6 CECU'S MEMBERSHIP IS COMPRISED OF DOMESTIC AND INTERNATIONAL EDUCATIONAL INSTITUTIONS, AS WELL AS AFFILIATES BROKEN DOWN INTO ALLIED, ALLIED PLUS, AND FINANCIAL ADVISORY COUNCIL CATEGORIES. Form 990, Part VI, Section A, line 7a DOMESTIC EDUCATIONAL INSTITUTIONS, THROUGH THEIR DESIGNATED DELEGATES, ARE PERMITTED TO CAST ONE VOTE WITH RESPECT TO ELECTION OF THE BOARD OF DIRECTORS. ALLIED MEMBERS ARE ELIGIBLE TO VOTE FOR ONE REPRESENTATIVE ON THE BOARD OF DIRECTORS. Form 990, Part VI, Section A, line 7b DOMESTIC EDUCATIONAL MEMBERS ARE PERMITTED TO CAST VOTES, AS DETERMINED BY THE BOARD OF DIRECTORS, WITH RESPECT TO POLICY MATTERS OF MAJOR IMPORTANCE, INCLUDING AMENDMENTS, APPEALS OR ALTERATIONS OF BYLAWS. Form 990, Part VI, Section B, line 11b FORM 990 IS PREPARED BY A PUBLIC ACCOUNTING FIRM AND REVIEWED BY CECU'S CEO AND CFO PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 12c BOARD MEMBERS MAKE AFFIRMATIVE DISCLOSURES TO THE BOARD, UPON TAKING OFFICE AS A BOARD MEMBER AND ANNUALLY THEREAFTER, OF ANY RELATIONSHIP OR MATTER THAT MAY PRESENT AN ISSUE UNDER THE GUIDELINES. ANY MATERIAL CHANGE IN THE INFORMATION DISCLOSED IS REPORTED TO THE BOARD AS APPROPRIATE. VIOLATIONS OF THE GUIDELINES WILL BE INVESTGIATED BY THE BOARD'S EXECUTIVE COMMITTEE, WHICH MAY REFER THE MATTER OF THE BOARD FO DIRECTORS FOR ACTION IN ACCORDANCE WITH THE BYLAWS. EMPLOYEES ARE PROHIBITED FROM USING THEIR POSITIONS TO ADVANCE PERSONAL INTERESTES OR OBTAIN FAVORS OR BENEFITS FOR THEMSELVES, MEMBERS OF THEIR FAMILIES OR ANY OTHER INDIVIDUALS, CORPORATIONS, OR BUSINESS ENTITIES. Form 990, Part VI, Section B, line 15a CEO'S COMPENSATION IS DEFINED IN HIS EMPLOYMENT CONTRACT. THE AMOUNT OF COMPENSATION WAS DETERMINED BY A SEARCH FIRM AND A SEARCH COMMITTEE, AND WAS SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS. INCREASES IN COMPENSATION ARE DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE VIA ANNUAL PERFORMANCE REVIEWS OF THE CEO'S ACCOMPLISHMENTS. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF CECU IS DETERMINED BY COMPENSATION STUDIES AND REVIEWED AND APPROVED BY THE CEO. ANNUAL INCREASES ARE BASED ON THE COST OF LIVING INDEX. Form 990, Part VI, Section C, line 19 CECU DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. Form 990, Part IX, line 11g OTHER PROFESSIONAL SERVICES 805,593. form 990, part XiI, line 2c the process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years. CAREER EDUCATION colleges and universities political action committee 1530 WILSON BLVD 1050 ARLINGTON VA 22209 521634473 Political Action DC 527(a) CECU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CAREER EDUCATION COLLEGES AND UNIVERSITIES political action committee O 14331 Cash/Payroll, Time Records