2015-04-15T16:45:03-05:00 2014-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2013-06-01 760427292 SOUTHERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS INC SOUT 3348445588 424 EAST BROAD STREET ATHENS GA 306024215 MARY LOU MERKT PRESIDENT 3348445588 2015-04-13 1 KELLIANNE F BENSON P01345659 7043771678 2013 2016-02-25 16:41:14Z MARY LOU MERKT 424 EAST BROAD STREET ATHENS GA 306024215 850947 0 X WWW.SACUBO.ORG X 1928 AL TO INFORM HIGHER EDUCATION INSTITUTIONS IN THE SOUTHERN REGION OF THE UNITED STATES OF ISSUES THAT AFFECT HIGHER EDUCATION. 19 19 0 110 0 0 504840 189300 476889 642363 7657 8390 22290 10894 1011676 850947 0 0 0 0 0 0 0 0 0 927454 826088 927454 826088 84222 24859 1021064 1290100 198268 376432 822796 913668 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 2014. 0 0 401553 537610 ANNUAL MEETING OF BUSINESS OFFICERS FOR PURPOSE OF CONTINUING EDUCATION AND MANAGEMENT OF BUSINESS AFFAIRS OF EDUCATIONAL INSTITUTIONS. 163295 104753 EXPENSE OF CONDUCTING ANNUAL WORKSHOP FOR DEVELOPMENT AND IMPROVEMENT OF ACCOUNTING AND MANAGEMENT SKILLS OF BUSINESS OFFICE PERSONNEL. 81050 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. 23656 10894 23656 10894 669554 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 19 19 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 LINDA S MCCORMICK PAST PRESIDENT 1.00 X 0 0 0 PATRICK WAMSLEY SPONSORSHIP COORDINATOR 1.00 X 0 0 0 KARYN WEAVER LEDGER EDITOR 1.00 X 0 0 0 DEBRA ROSS DEBRA ROSS 1.00 X 0 0 0 RALPH JOHNSON MEMBER AT LARGE 1.00 X 0 0 0 JOHN CRAWFORD MEMBER AT LARGE 1.00 X 0 0 0 NORA MILLER MEMBER AT LARGE 1.00 X 0 0 0 HORACE CHASE MEMBER AT LARGE 1.00 X 0 0 0 DEBBIE WALKER CHAIR - COMM. COLLEGES CONSTITUENT COMMITTEE 1.00 X 0 0 0 SHERYL DENNIS CHAIR - COMPREHENSIVE INSTITUTIONS CONSTITUENT COM 1.00 X 0 0 0 BRANDON GILLILAND CHAIR - RESEARCH & DOCTORAL CONSTITUENT COMMITTEE 1.00 X 0 0 0 BILL SHORT CHAIR - SMALL INSTITUTIONS CONSTITUENT COMMITTEE 1.00 X 0 0 0 KEVIN APPLETON HBCU ADVISOR 1.00 X 0 0 0 DARRELL MORRISON PRESIDENT 1.00 X X 0 0 0 MARY LOU MERKT 1ST VICE PRESIDENT 1.00 X X 0 0 0 BEN CRUTCHER 2ND VICE PRESIDENT 1.00 X X 0 0 0 AL LITTLE 3RD VICE PRESIDENT 1.00 X X 0 0 0 WILMA PHILLIPS 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 189300 189300 REGISTRATION FEES 611430 353415 353415 SPONSORSHIPS 900099 184195 184195 EXHIBITOR FEES 611430 104753 104753 642363 8390 8390 MISCELLANEOUS REVENUE 900099 10894 10894 10894 850947 653257 0 8390 16243 16243 5503 5503 19656 19656 98792 98792 570652 565574 5078 6095 6095 SPONSORSHIPS AND SCHOLA 81050 81050 NEXT GENERATION 12427 12427 SITE VISITS 8793 8793 OFFICERS' STAFF HONORAR 5000 5000 1877 1877 826088 669554 156534 0 393228 768061 500 182377 40067 55000 25000 390459 456472 1021064 1290100 166940 357981 31328 18451 198268 376432 X 822796 913668 822796 913668 1021064 1290100 24859 66013 0 X 0 1 X 1 0 X 318759 449201 366650 504840 189300 1828750 443487 424803 469665 476889 642363 2457207 762246 874004 836315 981729 831663 4285957 0 0 0 4285957 5974 5598 6278 7657 8390 33897 5974 5598 6278 7657 8390 33897 10095 10050 22290 10894 53329 778315 879602 852643 1011676 850947 4373183 0.98010 0.97630 0.00780 0.00780 X 0 VANGUARD INDEX TRUST 500 456472 F 456472 X 916960 66013 66013 850947 0 850947 826088 0 826088 0 826088 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 SACUBOS 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 ENTITYS 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. SACUBOS 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, 2014, AND 2013, RESPECTIVELY AND, ACCORDINGLY, NO LIABILITIES HAVE BEEN ACCRUED. SACUBO BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO MAY 31, 2011. 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.