2017-04-18T10:03:48-05:00 2016-05-31 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2015-06-01 760427292 Southern Association of College And University Business Officers Inc SOUT 3348445588 C/O NACUBO 1110 VERMONT AVE NW 800 Washington DC 20005 ben crutcher PRESIDENT 3348445588 2017-04-16 1 Janice A Ratica P00358837 7043771678 2015 2021-01-29 14:40:06Z X Ben Crutcher C/O NACUBO 1110 VERMONT AVE NW 800 Washington DC 20005 1090350 0 X WWW.SACUBO.ORG X 1928 AL TO INFORM HIGHER EDUCATION INSTITUTIONS IN THE SOUTHERN REGION OF THE UNITED STATES OF ISSUESTHAT AFFECT HIGHER EDUCATION. 15 15 0 100 0 0 179609 177050 722902 898277 9638 7963 0 7060 912149 1090350 0 0 0 0 0 0 0 0 0 821867 1079292 821867 1079292 90282 11058 1389718 1151561 342381 112439 1047337 1039122 X A 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. 0 0 571238 570330 ANNUAL MEETING OF BUSINESS OFFICERS FOR PURPOSE OF CONTINUING EDUCATION AND MANAGEMENT OF BUSINESS AFFAIRS OF EDUCATIONAL INSTITUTIONS. 146421 191247 EXPENSE OF CONDUCTING ANNUAL WORKSHOP FOR DEVELOPMENT AND IMPROVEMENT OF ACCOUNTING AND MANAGEMENT SKILLS OF BUSINESS OFFICE PERSONNEL. 241496 136700 Fee 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. 959155 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X GREG LOVINS 8282626430 438 Academy Street BOONE NC 28608 X KATHY FUNK-BAXTER COMMUNICATIONS & MARKETING 1.00 X 0 0 0 DEBRA ROss CHAIR, PROFESSIONAL DEVELO 1.00 X 0 0 0 EDDIE MILLS SPONSORSHIP COORDINATOR 1.00 X 0 0 0 tijuana hudson HBCU & DIVERSITY COORDINAT 1.00 X 0 0 0 mary lou merkt PAST PRESIDENT 1.00 X 0 0 0 david boling Member at Large 1.00 X 0 0 0 william h Short Member at Large 1.00 X 0 0 0 rhoNDA REECE Member at Large 1.00 X 0 0 0 RON RHAMES REPRESENTATIVE TO NACUBO B 1.00 X 0 0 0 ben crutcher President 1.00 X X 0 0 0 albert p Little 1st Vice President 1.00 X X 0 0 0 patrick Wamsley 2nd Vice President 1.00 X X 0 0 0 wilma phillips 3rd Vice President 1.00 X X 0 0 0 BRENNA DIXON Secretary 1.00 X X 0 0 0 Greg Lovins Treasurer 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 177050 177050 EXHIBITOR FEES 611430 570330 570330 REGISTRATION FEES 611430 191247 191247 SPONSORSHIPS 900099 110700 110700 Women's Leadership For 900099 17500 17500 Next Generation Worksh 900099 8500 8500 898277 7963 7963 Miscellaneous Income 900099 7060 7060 7060 1090350 905337 0 7963 28972 28972 6782 5332 1450 10000 10000 80618 80618 843639 843639 6749 6749 SPONSORSHIPS AND SCHOLA 60731 60731 MISCELLANEOUS EXPENSES 40301 37953 2348 OFFICERS' STAFF HONORAR 1500 1500 1079292 959155 120137 0 801499 595947 500 501 55360 52561 32500 0 499859 502552 1389718 1151561 324965 112439 17416 0 342381 112439 X 1047337 1039122 1047337 1039122 1389718 1151561 11058 2692 -21965 0 X X 0 1 X 1 0 X 366650 504840 189300 179609 177050 1417449 469665 476889 642363 722902 898277 3210096 836315 981729 831663 902511 1075327 4627545 0 0 0 4627545 6278 7657 8390 9638 7963 39926 6278 7657 8390 9638 7963 39926 10050 22290 10894 7060 50294 852643 1011676 850947 912149 1090350 4717765 0.98090 0.98210 0.00850 0.00830 X 0 VANGUARD INDEX TRUST 500 502552 F 502552 X 1093042 2692 2692 1090350 0 1090350 1079292 0 1079292 0 1079292 Part X, Line 2: SACUBO 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. Form 990, Part VI, Section A, line 6 SACUBO 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 7a REPRESENTATIVES 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 11 THE 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 12c BOARD 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 19 THE 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.