2016-04-14T10:24:59-05:00 2015-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-06-01 760427292 SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC SOUT 3348445588 424 EAST BROAD STREET ATHENS GA 306024215 BEN CRUTCHER PRESIDENT 3348445588 2016-04-12 1 KELLIANNE F BENSON P01345659 7043771678 2014 2016-08-17 19:52:53Z BEN CRUTCHER 424 EAST BROAD STREET ATHENS GA 306024215 912149 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. 20 20 0 100 0 0 189300 179609 642363 722902 8390 9638 10894 0 850947 912149 0 0 0 0 0 0 0 0 0 826088 821867 826088 821867 24859 90282 1290100 1389718 376432 342381 913668 1047337 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 496221 433674 ANNUAL MEETING OF BUSINESS OFFICERS FOR PURPOSE OF CONTINUING EDUCATION AND MANAGEMENT OF BUSINESS AFFAIRS OF EDUCATIONAL INSTITUTIONS. 185935 193763 EXPENSE OF CONDUCTING ANNUAL WORKSHOP FOR DEVELOPMENT AND IMPROVEMENT OF ACCOUNTING AND MANAGEMENT SKILLS OF BUSINESS OFFICE PERSONNEL. 64626 95465 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. 746782 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 12 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 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 DIRECTOR 1.00 X 0 0 0 DEBRA ROSS CHAIR, PROFESSIONAL DEVELOPMENT COMMITTEE 1.00 X 0 0 0 EDDIE MILLS SPONSORSHIP COORDINATOR 1.00 X 0 0 0 KEVIN APPLETON HBCU & DIVERSITY COORDINATOR 1.00 X 0 0 0 DARRELL MORRISON PAST PRESIDENT 1.00 X 0 0 0 JOHN CRAWFORD MEMBER AT LARGE 1.00 X 0 0 0 HORACE CHASE MEMBER AT LARGE 1.00 X 0 0 0 BETH PATRICK MEMBER AT LARGE 1.00 X 0 0 0 BILL SHORT MEMBER AT LARGE 1.00 X 0 0 0 DAVE BOLING CHAIR, RESEARCH & DOCTORAL CONST. CMTE. 1.00 X 0 0 0 RHONDA REECE CHAIR, COMMUNITY COLLEGES CONSTIUENCY COMMITTEE 1.00 X 0 0 0 RUSS HANNAH CHAIR, COMPREHENSIVE COLLEGES CONSTITUENCY COMMITT 1.00 X 0 0 0 JEFF DAVIS CHAIR, SMALL INSTITUTIONS CONSITUENCY COMMITTEE 1.00 X 0 0 0 RON RHAMES REPRESENTATIVE TO NACUBO BOARD OF DIRECTORS 1.00 X 0 0 0 MARY LOU MERKT PRESIDENT 1.00 X X 0 0 0 BEN CRUTCHER 1ST VICE PRESIDENT 1.00 X X 0 0 0 AL LITTLE 2ND VICE PRESIDENT 1.00 X X 0 0 0 PATRICK WAMSLEY 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 179609 179609 EXHIBITOR FEES 611430 433674 433674 REGISTRATION FEES 611430 193763 193763 SPONSORSHIPS 900099 95465 95465 722902 9638 9638 912149 722902 0 9638 15729 15729 5513 4788 725 47009 47009 682156 682156 7465 7465 SPONSORSHIPS AND SCHOLA 55838 55838 MISCELLANEOUS EXPENSES 4157 4157 OFFICERS' STAFF HONORAR 4000 4000 821867 746782 75085 0 768061 801499 500 500 40067 55360 25000 32500 456472 499859 1290100 1389718 357981 324965 18451 17416 376432 342381 X 913668 1047337 913668 1047337 1290100 1389718 90282 43387 0 X 0 1 X 1 0 X 449201 366650 504840 189300 179609 1689600 424803 469665 476889 642363 722902 2736622 874004 836315 981729 831663 902511 4426222 0 0 0 4426222 5598 6278 7657 8390 9638 37561 5598 6278 7657 8390 9638 37561 10050 22290 10894 43234 879602 852643 1011676 850947 912149 4507017 0.98210 0.98010 0.00830 0.00780 X 0 VANGUARD INDEX TRUST 500 499859 F 499859 X 955536 43387 43387 912149 0 912149 821867 0 821867 0 821867 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, 2015, AND 2014, RESPECTIVELY AND, ACCORDINGLY, NO LIABILITIES HAVE BEEN ACCRUED. FORM 990, PART VI, SECTION A, LINE 4 DURING THE FISCAL YEAR, SACUBO UPDATED ITS BYLAWS TO NOTE THE FOLLOWING: 1) THE BOARD OF DIRECTORS WILL ALSO INCLUDE THE COMMUNICATIONS AND MARKETING COORDINATOR, THE HBCU AND DIVERSITY COORDINATOR, AND THE CHAIRS OF THE CORPORATION'S INSTITUTIONALLY-IDENTIFIED CONSTITUENT COMMITTEES. 2) THE PRESIDENT, FIRST VICE PRESIDENT, SECOND VICE PRESIDENT, THIRD VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, AND CONSTITUENT CHAIRS EACH SHALL HAVE ONE YEAR TERM LIMITS. 3) ALL OTHER POSITIONS SHALL HAVE A THREE YEAR TERM, WITH OPTION TO RENEW FOR UP TO TWO ADDITIONAL YEARS. 4) SHOULD A SACUBO REPRESENTATIVE TO NACUBO BE APPOINTED AS NACUBO CHAIR-ELECT, CHAIR, OR IMMEDIATE PAST CHAIR, THAT INDIVIDUAL WILL ALSO HOLD AN AD HOC (NON-VOTING) POSITION ON THE SACUBO BOARD. THESE CHANGES WERE EFFECTIVE JUNE 1, 2014. 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.