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SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC (EIN 76-0427292)
Tax period
2015-06-01 to 2016-05-31
Filed
2017-04-18
IRS object ID
201741089349300229
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-04-18T10:03:48-05:00ReturnTs
Tax Period End2016-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560574444PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 Metropolitan Ave Ste 1000AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760427292EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Southern Association of College AndBusinessNameLine1Txt
Business Name Line2University Business Officers IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone3348445588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O NACUBO 1110 VERMONT AVE NW 800AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personben crutcherPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3348445588PhoneNum
Signature2017-04-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJanice A RaticaPreparerPersonNm
PTINP00358837PTIN
Phone7043771678PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBen CrutcherPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O NACUBO 1110 VERMONT AVE NW 800AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,090,350GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SACUBO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1928FormationYr
Legal Domicile StateALLegalDomicileStateCd
Activity Or MissionTO INFORM HIGHER EDUCATION INSTITUTIONS IN THE SOUTHERN REGION OF THE UNITED STATES OF ISSUESTHAT AFFECT HIGHER EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$179,609PYContributionsGrantsAmt
CY Contributions Grants$177,050CYContributionsGrantsAmt
PY Program Service Revenue$722,902PYProgramServiceRevenueAmt
CY Program Service Revenue$898,277CYProgramServiceRevenueAmt
PY Investment Income$9,638PYInvestmentIncomeAmt
CY Investment Income$7,963CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$7,060CYOtherRevenueAmt
PY Total Revenue$912,149PYTotalRevenueAmt
CY Total Revenue$1,090,350CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$821,867PYOtherExpensesAmt
CY Other Expenses$1,079,292CYOtherExpensesAmt
PY Total Expenses$821,867PYTotalExpensesAmt
CY Total Expenses$1,079,292CYTotalExpensesAmt
PY Revenues Less Expenses$90,282PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,058CYRevenuesLessExpensesAmt
Total Assets BOY$1,389,718TotalAssetsBOYAmt
Total Assets EOY$1,151,561TotalAssetsEOYAmt
Total Liabilities BOY$342,381TotalLiabilitiesBOYAmt
Total Liabilities EOY$112,439TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,047,337NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,039,122NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionA PROFESSIONAL MEMBERSHIP ASSOCIATION OF ADMINISTRATIVE AND FINANCIAL OFFICERS OF COLLEGES AND UNIVERSITIES. THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE IMPROVED PRINCIPLES AND EFFICIENT PRACTICES IN THE BUSINESS AND FINANCIAL MANAGEMENT OF COLLEGES AND UNIVERSITIES AND TO PROMOTE PROFESSIONAL STANDARDS AND ETHICAL CONDUCT AMONG ITS MEMBERS. THE ACTIVITIES INCLUDE EDUCATIONAL PROGRAMS, PROFESSIONAL DEVELOPMENT PROGRAMS, AND WORKSHOPS. THERE ARE APPROXIMATELY 425 MEMBERS IN FISCAL YEAR 2015.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$571,238ExpenseAmt
Revenue$570,330RevenueAmt
DescANNUAL MEETING OF BUSINESS OFFICERS FOR PURPOSE OF CONTINUING EDUCATION AND MANAGEMENT OF BUSINESS AFFAIRS OF EDUCATIONAL INSTITUTIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$146,421ExpenseAmt
Revenue$191,247RevenueAmt
DescEXPENSE OF CONDUCTING ANNUAL WORKSHOP FOR DEVELOPMENT AND IMPROVEMENT OF ACCOUNTING AND MANAGEMENT SKILLS OF BUSINESS OFFICE PERSONNEL.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$241,496ExpenseAmt
Revenue$136,700RevenueAmt
DescFee waivers for SACUBO training sessions are provided to some attendees based on an application process. These attendees are business employees of institutions of higher education.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$959,155TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREG LOVINSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8282626430PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1438 Academy StreetAddressLine1Txt
CityBOONECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28608ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
KATHY FUNK-BAXTER
COMMUNICATIONS & MARKETING1.00Yes (X)$0$0$0
DEBRA ROss
CHAIR, PROFESSIONAL DEVELO1.00Yes (X)$0$0$0
EDDIE MILLS
SPONSORSHIP COORDINATOR1.00Yes (X)$0$0$0
tijuana hudson
HBCU & DIVERSITY COORDINAT1.00Yes (X)$0$0$0
mary lou merkt
PAST PRESIDENT1.00Yes (X)$0$0$0
david boling
Member at Large1.00Yes (X)$0$0$0
william h Short
Member at Large1.00Yes (X)$0$0$0
rhoNDA REECE
Member at Large1.00Yes (X)$0$0$0
RON RHAMES
REPRESENTATIVE TO NACUBO B1.00Yes (X)$0$0$0
ben crutcher
President1.00Yes (X)$0$0$0Yes (X)
albert p Little
1st Vice President1.00Yes (X)$0$0$0Yes (X)
patrick Wamsley
2nd Vice President1.00Yes (X)$0$0$0Yes (X)
wilma phillips
3rd Vice President1.00Yes (X)$0$0$0Yes (X)
BRENNA DIXON
Secretary1.00Yes (X)$0$0$0Yes (X)
Greg Lovins
Treasurer1.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$177,050MembershipDuesAmt
Total Contributions$177,050TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EXHIBITOR FEES611430$570,330$570,330
REGISTRATION FEES611430$191,247$191,247
SPONSORSHIPS900099$110,700$110,700
Women's Leadership For900099$17,500$17,500
Next Generation Worksh900099$8,500$8,500
FieldValueIRS element (for citing)
Total Program Service Revenue$898,277TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,963TotalRevenueColumnAmt
Exclusion$7,963ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneous IncomeDesc
Business900099BusinessCd
Total Revenue Column$7,060TotalRevenueColumnAmt
Related Or Exempt Func Income$7,060RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$7,060OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,090,350TotalRevenueColumnAmt
Related Or Exempt Func Income$905,337RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,963ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,972TotalAmt
Management And General$28,972ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,782TotalAmt
Program Services$5,332ProgramServicesAmt
Management And General$1,450ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,000TotalAmt
Program Services$10,000ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$80,618TotalAmt
Management And General$80,618ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$843,639TotalAmt
Program Services$843,639ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,749TotalAmt
Management And General$6,749ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SPONSORSHIPS AND SCHOLA$60,731$60,731
MISCELLANEOUS EXPENSES$40,301$37,953$2,348
OFFICERS' STAFF HONORAR$1,500$1,500

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,079,292TotalAmt
Program Services$959,155ProgramServicesAmt
Management And General$120,137ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$801,499BOYAmt
EOY$595,947EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$501EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,360BOYAmt
EOY$52,561EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$32,500BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$499,859BOYAmt
EOY$502,552EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,389,718BOYAmt
EOY$1,151,561EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$324,965BOYAmt
EOY$112,439EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$17,416BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$342,381BOYAmt
EOY$112,439EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,047,337BOYAmt
EOY$1,039,122EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,047,337BOYAmt
EOY$1,039,122EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,389,718BOYAmt
EOY$1,151,561EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$11,058ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,692NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$21,965PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$366,650CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$504,840CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$189,300CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$179,609CurrentTaxYearMinus1YearAmt
Current Tax Year$177,050CurrentTaxYearAmt
Total$1,417,449TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$469,665CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$476,889CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$642,363CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$722,902CurrentTaxYearMinus1YearAmt
Current Tax Year$898,277CurrentTaxYearAmt
Total$3,210,096TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$836,315CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$981,729CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$831,663CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$902,511CurrentTaxYearMinus1YearAmt
Current Tax Year$1,075,327CurrentTaxYearAmt
Total$4,627,545TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$4,627,545PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,278CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,657CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,390CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,638CurrentTaxYearMinus1YearAmt
Current Tax Year$7,963CurrentTaxYearAmt
Total$39,926TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,278CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,657CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,390CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,638CurrentTaxYearMinus1YearAmt
Current Tax Year$7,963CurrentTaxYearAmt
Total$39,926TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,050CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,290CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,894CurrentTaxYearMinus2YearsAmt
Current Tax Year$7,060CurrentTaxYearAmt
Total$50,294TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$852,643CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,011,676CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$850,947CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$912,149CurrentTaxYearMinus1YearAmt
Current Tax Year$1,090,350CurrentTaxYearAmt
Total$4,717,765TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98090PublicSupportCY509Pct
Public Support PY5090.98210PublicSupportPY509Pct
Investment Income CY0.00850InvestmentIncomeCYPct
Investment Income PY0.00830InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescVANGUARD INDEX TRUST 500Desc
Book Value$502,552BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$502,552TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,093,042TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,692NetUnrealizedGainsInvstAmt
Revenue Not Reported$2,692RevenueNotReportedAmt
Revenue Subtotal$1,090,350RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,090,350TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,079,292TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,079,292ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,079,292TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationSACUBO is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and under related state statutes. However, SACUBO is liable for federal and state income tax on income from certain activities not directly related to SACUBO's tax exempt purpose. SACUBO follows the Financial Accounting Standards Board ("FASB") guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements by prescribing a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. SACUBO's policy is to record a liability for any tax position taken that is beneficial to SACUBO, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of May 31, 2016, and 2015, respectively and, accordingly, no liabilities have been accrued.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6SACUBO HAS MANY MEMBER INSTITUTIONS. ALMOST ALL OF THE MEMBERS ARE INSTITUTIONS OF HIGHER EDUCATION AND THE MEMBERshIP IS IN THE NAME OF THE INSTITUTION.
Form 990, Part VI, Section A, line 7aREPRESENTATIVES OF THESE INSTITUTIONS ELECT THE MEMBERS OF THE GOVERNING BODY, THE BOARD OF DIRECTORS, AT THE BUSINESS PORTION OF THE ANNUAL MEETING.
Form 990, Part VI, Section B, line 11THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY PRIOR TO SUBMISSION AND THE BOARD WILL BE ASKED FOR COMMENTS, QUESTIONS, CONCERNS, ETC. THE BOARD IS THEN ASKED TO APPROVE THE 990 PRIOR TO FILING.
Form 990, Part VI, Section B, line 12cBOARD MEMBERS ARE REQUIRED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY CONFLICTS OF INTEREST. THE SECRETARY IS REsPONSIBLE FOR REPORTING POTENTIAL CONFLICTS TO THE EXECUTIVE COMMITTEE FOR REVIEW, AND A FULL REPORT IS MADE BY THE SECRETARY TO THE BOARD ANNUALLY AT A BOARD MEETING. IN THE EVENT OF A CONFLICT DURING THE YEAR, THE BOARD MEMBER WITH THE CONFLICT WOULD RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE.
Form 990, Part VI, Section C, line 19THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part XII, Line 2c:The organization has changed neither the selection or oversight process during the taxable year.

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