2013-05-07T14:49:46-05:00 2012-06-30 420714325 MCGLADREY LLP 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2011-07-01 621469595 ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES ASSO 2023366700 1101 CONNECTICUT AVENUE NW NO 900 WASHINGTON DC 20036 STEVE GUNDERSON 2023366700 2013-05-07 1 YONG ZHANG P01249785 7033366400 2011 2016-02-25 16:41:14Z STEVE GUNDERSON 1101 CONNECTICUT AVENUE NW NO 900 WASHINGTON DC 20036 21202255 0 X WWW.CAREER.ORG X 1991 DC SEE SCHEDULE OTHE ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES (THE ASSOCIATION) IS AN ORGANIZATION OF PRIVATE, POST-SECONDARY CAREER COLLEGES, SCHOOLS, AND OTHER ENTITIES ESTABLISHED TO FOSTER POLICIES THAT ENSURE EQUITABLE ACCESS FOR STUDENTS TO QUALITY CAREER AND SKILL EDUCATION, THAT ENABLE CAREER COLLEGES TO GROW AND PROSPER, AND THAT HELP THE NATION ATTAIN A MORE GLOBALLY COMPETITIVE 21ST CENTURY WORKFORCE. 18 17 60 0 282903 120564 0 500000 20881205 14257808 311862 52215 106415 152243 21299482 14962266 47500 47500 0 0 4990318 4582544 0 0 0 21316412 7831101 26354230 12461145 -5054748 2501121 7046480 6149613 7037413 2911958 9067 3237655 X APSCU IS THE PREMIER SOURCE OF CRUCIAL INFORMATION AND PUBLIC POLICY RECOMMENDATIONS THAT PROMOTE ACCESS TO CAREER EDUCATION AND THE IMPORTANCE OF WORKFORCE DEVELOPMENT. 0 1 GOVERNMENT AFFAIRS: PROVIDED LEGISLATIVE FEDERAL AND STATE 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 APSCU MEMBERS IN ADVOCACY OUTREACH. COMMUNICATIONS: 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 COMMUNICATIONS VEHICLES, INCLUDING PRINT PUBLICATIONS, DIGITAL PUBLICATIONS, WEBSITE, BLOG, VIDEOS AND OTHER CONTENT. CONVENTIONS AND SEMINARS: PROVIDED APSCU MEMBERS WITH UP-TO-DATE INFORMATION AND NETWORKING PLATFORMS FOR FEDERAL REGULATORY COMPLIANCE, MANAGEMENT BEST PRACTICES, INTERACTION WITH OFFICIALS AND EXPERTS FROM OUTSIDE THE SECTOR, EXPOSURE TO NEW PRODUCTS AND SERVICES AND THE LIKE. SIX PROGRAMS WERE HELD DURING THE YEAR WITH APPROXIMATELY 3,000 MEMBERS ATTENDING. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 46 0 1 60 1 1 1 0 0 0 1 1 0 X 18 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X PAM SMITH CPA 2023366740 1101 CONNECTICUT AVE NW STE 900 WASHINGTON DC 20036 ART KEISER 2.00 X X 0 0 0 DAVID PAULDINE 1.00 X X 0 0 0 ROBERT HERZOG 1.00 X X 0 0 0 JIM TOLBERT 1.00 X X 0 0 0 REBECCA CAMPOVERDE 1.00 X 0 0 0 ARTHUR BENJAMIN 1.00 X 0 0 0 JEFFREY COOPER 1.00 X 0 0 0 ROGER DALTON 1.00 X 0 0 0 MARK DREYFUS 1.00 X 0 0 0 RENEE HERZING 1.00 X 0 0 0 DR JAMES HUTTON 1.00 X 0 0 0 DR SABRINA KAY 1.00 X 0 0 0 JEFFREY LEEDS 1.00 X 0 0 0 PETER LEYTON 1.00 X 0 0 0 SHUAN MCALMONT 1.00 X 0 0 0 ROBERT MCNAMARA 1.00 X 0 0 0 JACK MASSIMINO 1.00 X 0 0 0 AVY STEIN 1.00 X 0 0 0 HARRIS MILLER 37.50 X 495584 0 28929 STEVE GUNDERSON 37.50 X 0 0 0 BRIAN MORAN 37.50 X 394835 0 36979 PAM SMITH 37.50 X 150699 0 12753 BRUCE LEFTWICH 37.50 X 240186 0 21948 ROBERT COHEN 37.50 X 204540 0 18196 LAUREN CORBIN 37.50 X 163766 0 18047 KATHERINE BRODIE 37.50 X 177534 0 27120 SUZANNE PALMER 37.50 X 155416 0 9743 1982560 0 173715 13 0 1 0 GIBSON DUNN & CRUTCHER LLP 200 PARK AVE 47 NEW YORK NY 10166 LEGAL 2514234 GSG COMMUNICATIONS LLC 895 BROADWAY 5TH FLOOR NEW YORK NY 10003 DIGITAL & PRINT MEDIA CONSULTING 870669 CHARLES RIVER ASSOCIATES 1 S WACKER DR CHICAGO IL 60606 LEGAL RESEARCH 762756 WILMER CUTLER PICKERING HALE AND DORR L 60 STATE ST BOSTON MA 02109 LOBBYING 514564 PENZANCE 2400 N STREET NW SUITE 600 WASHINGTON DC 20037 PROPERTY MANAGEMENT 487994 7 500000 500000 SPECIAL/INITIATIVE 900099 5789050 5789050 MEMBERSHIP DUES 900099 4933113 4933113 CONVENTION 900099 2674987 2674987 WORKSHOPS 611710 577755 577755 ADVERTISING 541800 282903 282903 14257808 52215 52215 6239989 6239989 0 0 OTHER INCOME 900099 102863 102863 ADMINISTRATIVE FEES 900099 49380 49380 152243 14962266 14024285 282903 155078 47500 47500 1119779 1119779 2895333 2895333 128466 128466 200498 200498 238468 238468 1981859 1981859 22593 22593 525435 525435 11295 11295 1408548 1408548 6400 6400 326129 326129 60062 60062 447826 447826 420868 420868 1660527 1660527 228916 228916 19781 19781 PUBLICATION/SUBSCRPTION 332449 332449 EMPLOYEE SEARCH 221681 221681 MEMBERSHIPS 60791 60791 UBIT TAX 44650 44650 51291 51291 12461145 12461145 0 0 1602921 2048134 1846370 542813 116686 86807 262479 198880 1696871 1154745 582059 542126 2315282 2579826 320683 151027 7046480 6149613 1591505 1825486 4952975 647965 492933 438507 7037413 2911958 X 9067 3237655 9067 3237655 7046480 6149613 X 2501121 727467 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 4933113 1309947 -335032 974915 1233278 -258363 660960 327769 333191 1035911 826976 208935 542126 DEFERRED RENT OBLIGATION 438507 438507 14962266 12461145 2501121 -20683 748150 727467 3228588 15689733 -20683 748150 727467 14962266 0 14962266 12461145 0 12461145 0 12461145 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 $44,650 AND $69,401 FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, RESPECTIVELY. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD, WHEREBY, DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASES. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. THE ASSOCIATION ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: COMMUNICATIONS REFUND FOR UNUSED ADVERTISING 748,150. PART XII, LINE 2D - OTHER ADJUSTMENTS: COMMUNICATIONS REFUND FOR UNUSED ADVERTISING 748,150. 1 THE ATLANTIC MONTHLY GROUP 600 NEW HAMPSHIRE AVENUE NW 9TH FLOOR WASHINGTON DC 20007 043483736 C CORPORATION 10000 WASHINGTON IDEAS FORUM SPONSORSHIP CONSORTIUM OF CATHOLIC UNIVERSITIES 501 EASTERN AVENUE SUITE 207 HYATTSVILLE MD 20782 522050972 501(C)(3) 10000 BOEHNNER-LIEBERMAN DINNER (SCHOOL FUNDRAISER) 1 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL CONTRIBUTIONS ARE FOR NATIONALLY KNOWN CHARITABLE ORGANIZATIONS OR SPONSORSHIPS FOR EVENTS RELATED TO THE GOVERNMENT RELATIONS MISSION. FOR SPONSORED EVENTS ONE OR MORE ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES' EMPLOYEES WILL ATTEND. X X X 1 1 X X X X 1 0 0 HARRIS MILLER 176925 0 0 0 318659 0 9167 0 19762 0 524513 0 0 0 BRIAN MORAN 331956 0 61113 0 1766 0 12250 0 24729 0 431814 0 0 0 PAM SMITH 132397 0 18302 0 0 0 4351 0 8402 0 163452 0 0 0 BRUCE LEFTWICH 195452 0 43737 0 997 0 12250 0 9698 0 262134 0 0 0 ROBERT COHEN 146986 0 36304 0 21250 0 10401 0 7795 0 222736 0 0 0 LAUREN CORBIN 131421 0 31867 0 478 0 8515 0 9532 0 181813 0 0 0 KATHERINE BRODIE 158142 0 19078 0 314 0 9210 0 17910 0 204654 0 0 0 SUZANNE PALMER 143064 0 12075 0 277 0 8193 0 1550 0 165159 0 0 0 PART I, LINE 1A HARRIS MILLER, CEO/PRESIDENT, WAS AUTHORIZED TO FLY FIRST CLASS WHEN THE TRIP WAS OVER 4 HOURS. HIS PORTION OF THE COST WAS NOT TREATED AS TAXABLE INCOME. ON SOME OCCASIONS HIS SPOUSE ACCOMPANIED HIM. THE VALUE OF SPOUSAL TRAVEL ($2,437) WAS TREATED AS TAXABLE INCOME TO MR. MILLER. BRIAN MORAN, INTERIM CEO/PRESIDENT, WAS AUTHORIZED TO FLY COACH. THE ENTIRE COST OF AIRFARE WAS PAID BY THE ASSOCIATION. OCCASIONALLY, HIS SPOUSE ACCOMPANIED HIM. THE VALUE OF SPOUSAL TRAVEL ($1,291) WAS TREATED AS TAXABLE INCOME TO MR. MORAN. THE FOLLOWING EMPLOYEES ALSO RECEIVED NONTAXABLE SOCIAL CLUB DUES: HARRIS MILLER $120 BRIAN MORAN $130 BRUCE LEFTWICH $180 LAUREN CORBIN $240 KATHERINE BRODIE $180 SUZANNE PALMER $180 PART I, LINE 4A HARRIS HILLER RECEIVED A SEVERANCE PAYMENT UNDER A CONFIDENTIAL AGREEMENT IN THE AMOUNT OF $315,780. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 APSCU CEASED ITS LINK MAGAZINE AND 2.0 OPERATIONS. IT ALSO DISCONTINUED ITS MEDIA ADVERTISING CAMPAIGN. FORM 990, PART VI, SECTION A, LINE 6 APSCU HAS MEMBERS COMPRISED OF EDUCATIONAL INSTITUTIONS, AS WELL AS AFFILIATES WHICH ARE BROKEN DOWN INTO ALLIED, ALLIED PLUS AND FINANCIAL ADVISORY COUNCIL CATEGORIES. FORM 990, PART VI, SECTION A, LINE 7A EDUCATIONAL INSTITUTION MEMBERS SHALL BE PERMITTED TO CAST ONE VOTE WITH RESPECT TO ELECTION OF BOARD DIRECTORS. ALLIED MEMBERS SHALL BE ELIGIBLE TO VOTE FOR ONE REPRESENTATIVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EDUCATIONAL INSTITUTION MEMBERS SHALL BE 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 11 FORM 990 IS PREPARED BY A PUBLIC ACCOUNTING FIRM AND REVIEWED BY APSCU'S CEO AND CFO PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SHALL MAKE AFFIRMATIVE DISCLOSURES TO THE BOARD, UPON TAKING OFFICE AS A BOARD MEMBER AND ANNUALLY THEREAFTER, OF ANY RELATIONSHIP OR MATTER WHICH MAY PRESENT AN ISSUE UNDER THESE GUIDELINES. ANY MATERIAL CHANGE IN THE INFORMATION DISCLOSED SHALL BE REPORTED TO THE BOARD AS APPROPRIATE. VIOLATION OF THESE GUIDELINES SHALL BE INVESTIGATED BY THE EXECUTIVE COMMITTEE, WHICH MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR ACTION IN ACCORDANCE WITH THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DEFINED IN HIS EMPLOYMENT AGREEMENT. THE AMOUNT OF COMPENSATION IN THE AGREEMENT IS BASED ON SEVERAL APPROPRIATE COMPENSATION SURVEYS THAT ARE REVIEWED AND AGREED UPON BY MEMBERS OF THE EXECUTIVE COMMITTEE. INCREASES IN COMPENSATION ARE DETERMINED BY THE EXECUTIVE COMMITTEE THROUGH ANNUAL REVIEWS OF THE CEO'S ACCOMPLISHMENTS. COMPENSATION FOR THE CFO AND KEY EMPLOYEES OF THE ASSOCIATION IS DETERMINED BY COMPENSATION STUDIES AND REVIEWED AND APPROVED BY THE CEO. ANNUAL INCREASES IN COMPENSATION ARE BASED ON THE COST OF LIVING INDEX. FORM 990, PART VI, SECTION C, LINE 19 APSCU DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -20,683. COMMUNICATIONS REFUND FOR UNUSED ADVERTISING 748,150. TOTAL TO FORM 990, PART XI, LINE 5: 727,467. 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. ASSOC OF PRIVATE SECTOR COLLEGES & UNIVERSITIES POLITICAL ACTION COMMITTEE 1101 CONN AVE NW STE 900 WASHINGTON DC 20036 521634473 POLITICAL ACTION DC 527(A) ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0