2011-01-11T14:52:09-06:00 2010-05-31 LARSONALLEN LLP 2900 SOUTH QUINCY ST SUITE 150 ARLINGTON VA 22206 990 2009-06-01 530259954 NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS NATI 2028612500 1110 Vermont Avenue NW No 800 WASHINGTON DC 20005 William Dillon 2028612500 2011-01-11 1 7039985100 2009 2016-02-24 21:20:13Z John Walda 1110 Vermont Avenue NW No 800 WASHINGTON DC 20005 16085402 0 X WWW.NACUBO.ORG X 1956 IL To develop, promote, and improve business and financial principles and practices in the administration of institutions of higher education. 23 22 50 0 675657 75058 751952 246189 13159506 11975649 167353 206831 76205 720348 14155016 13149017 0 0 5460786 5630742 0 158760 7984713 7379664 13445499 13010406 709517 138611 11272169 11693026 8709470 8480855 2562699 3212171 The usual public activities of NACUBO are to develop, promote, and improve business and financial principles and practices in the administration of institutions of higher education and to foster among member institutions professional ideals and standards in business and financial administration. - Institutional Management NACUBO's core mission is to improve financial and administrative management at institutions of higher education. To this end, NACUBO marshals expertise, shares knowledge, provides technical assistance, and encourages innovation in business practices. Areas of focus include accounting and financial management including endowments and debt, taxation, student financial services, and business operations including information technology and facilities management. 0 0 4405001 4518933 Conferences, Workshops and SeminarsIN 2009-2010, A COMMUNITY OF APPROXIMATELY 300 COMMITTEE AND FACULTY MEMBERS OR PRESENTERS ALONG WITH ASSOCIATION STAFF PARTICIPATED IN THE PROCESS OF DESIGNING AND DELIVERING PROGRAMS TO MORE THAN 2500 REGISTRANTS. THE NACUBO ANNUAL MEETING IS THE MOST IMPORTANT PROFESSIONAL DEVELOPMENT EVENT OF THE YEAR FOR COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THEIR STAFF. APPROXIMATELY 1350 PAID REGISTRANTS ATTENDED THE CONFERENCE, HELD IN BOSTON, MA FOR 2010 FISCAL YEAR. SESSION TOPICS INCLUDED PROGRAM SERVICE ACCOMPLISHMENTS, ACCOUNTING, FINANCIAL ADMINISTRATION, AUXILIARY ENTERPRISES, CHANGE MANAGEMENT, DISTANCE EDUCATION, TAXATION, AND MANY OTHER TECHNICAL, MANAGERIAL, AND LEADERSHIP ISSUES.NACUBO PRESENTED 15 WEB CASTS FROM THE ASSOCIATION'S STUDIO DURING THE YEAR. MORE THAN 2000 SITES WERE REGISTERED. THE WEB CASTS COVERED "HOT TOPICS" IN HIGHER EDUCATION BUSINESS AND ADMINISTRATION. THIS DEPARTMENT ADMINISTERS A CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT PROGRAM FOR CERTIFIED PUBLIC ACCOUNTANTS. NACUBO IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. PROFESSIONAL DEVELOPMENT (PDC) -NACUBO CREATES AND DELIVERS A BROAD RANGE OF PROGRAMS, SERVICES, AND PRODUCTS THAT ARE DESIGNED TO STRENGTHEN THE ABILITIES AND KNOWLEDGE OF CAMPUS ADMINISTRATORS AT ALL LEVELS. TO MEET THE CHANGING NEEDS OF HIGHER EDUCATION, NACUBO HAS DEVELOPED A VARIETY OF WORKSHOPS AND MATERIALS COVERING TOPICS IN THE FIELDS OF ACCOUNTING, HIGHER EDUCATION FINANCE, LEADERSHIP AND MANAGEMENT, TAX, STUDENT FINANCIAL SERVICES, CAMPUS OPERATIONS, AND TECHNOLOGY. 3915658 7466986 Other Member ServicesADVOCACY -NACUBO MONITORS AND ANALYZES PUBLIC POLICY ISSUES, FEDERAL LEGISLATION, AND AGENCY REGULATIONS THAT AFFECT THE FINANCIAL MANAGEMENT AND ADMINISTRATION OF COLLEGES AND UNIVERSITIES. THE ASSOCIATION KEEPS MEMBERS INFORMED OF FEDERAL ACTIONS, SOLICITS MEMBER OPINIONS AND CONCERNS, AND ADVOCATES FOR THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES WITH CONGRESS AND FEDERAL AGENCIES. THE ASSOCIATION'S ADVOCACY EFFORTS WERE COORDINATED WITH A NUMBER OF OTHER ASSOCIATION'S REPRESENTING VARIOUS HIGHER EDUCATION CONSTITUENCIES. IN ADDITION, NACUBO IS THE VOICE FOR HIGHER EDUCATION WITH THE VARIOUS BODIES THAT SET STANDARDS FOR ACCOUNTING PRACTICES, SUCH AS THE FINANCIAL ACCOUNTING STANDARDS BOARD, THE ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, AND THE U.S. GENERAL ACCOUNTING OFFICE.RESEARCH - NACUBO UNDERTAKES BOTH ON-GOING LONGITUDINAL STUDIES IMPORTANT TO THE HIGHER EDUCATION INDUSTRY SUCH AS THE ASSOCIATION'S ANNUAL STUDY OF COLLEGE AND UNIVERSITY ENDOWMENTS AND SHORT SURVEYS OR RESEARCH ON SPECIFIC ISSUES OF CONCERN.REGIONAL ASSOCIATIONS AND PARTNERSHIPS -NACUBO MANAGES AN ASSOCIATION MANAGEMENT SYSTEM THAT SERVES THE JOINT MEMBERSHIP OF THE NATIONAL ASSOCIATION AND ITS FOUR REGIONAL AFFILIATED ASSOCIATIONS (CACUBO, EACUBO, SACUBO AND WACUBO). THE SYSTEM CAPTURES A VARIETY OF DATA POINTS THAT ENABLE IMPROVED TRACKING OF INDIVIDUAL MEMBER ACTIVITY AND DUES BILLING AND COLLECTION PROCESSES. THIS DATABASE IS LINKED TO BOTH A CONTENT MANAGEMENT SYSTEM AND THE ASSOCIATION WEBSITE IMPROVING MEMBER SERVICE.AWARDS PROGRAM -NACUBO RECOGNIZES INSTITUTIONAL AND INDIVIDUAL EXCELLENCE THROUGH ITS AWARDS PROGRAM. THESE AWARDS WERE PRESENTED TO INDIVIDUALS WHO SHOWED OUTSTANDING ACHIEVEMENT AND EXEMPLARY PERFORMANCE IN THE AREAS OF FINANCIAL MANAGEMENT, ENDOWMENT MANAGEMENT, PROFESSIONAL DEVELOPMENT AND MORE. INSTITUTIONS WERE RECOGNIZED THAT DEMONSTRATED INNOVATION IN THE AREAS OF PROCESS IMPROVEMENT AND RESOURCE ENHANCEMENT. 870374 651214 Publications and other productsNACUBO PUBLICATIONS REMAIN A SOURCE OF PROFESSIONAL INFORMATION FOR MEMBERS. CIRCULATION OF THE MONTHLY BUSINESS OFFICER MAGAZINE HAS GROWN TO 27,800. NACUBO SELLS APPROXIMATELY 55 PUBLICATION TITLES, INCLUDING FOUR ANNUAL SUBSCRIPTION SERVICES. NEW PUBLICATIONS IN FY10 INCLUDE STRATEGIC PLANNING IN HIGHER EDUCATION, FINANCING SUSTAINABILITY OF CAMPUS AND READY TO RESPOND CASE STUDIES. 9191033 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 50 1 1 1 0 0 0 0 0 0 0 0 23 22 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X William Dillon 2028612500 1110 Vermont Avenue NW No 800 WASHINGTON DC 20005 John D Walda 50.00 X X 465440 0 48954 Kevan C Buck 1.00 X X 0 0 0 Stan Nosek 1.00 X X 0 0 0 Cynthia Teniente-Matson 1.00 X X 0 0 0 Lynn C Coleman 1.00 X X 0 0 0 Dean W Currie 1.00 X 0 0 0 James R Fisher 1.00 X 0 0 0 Antoine M Garibaldi 1.00 X 0 0 0 Thomas H Gibson 1.00 X 0 0 0 Dennis R Klaus 1.00 X 0 0 0 Julee Sherman 1.00 X 0 0 0 Kumble R Subbaswamy 1.00 X 0 0 0 Michael T Unebasami 1.00 X 0 0 0 David Clark 1.00 X 0 0 0 Ruth Constantine 1.00 X 0 0 0 William B Stephan 1.00 X 0 0 0 Claire S Stinson 1.00 X 0 0 0 Charles A Tegen 1.00 X 0 0 0 Kenneth Cody 1.00 X 0 0 0 Robert Dixon 1.00 X 0 0 0 Mary L Herrin 1.00 X 0 0 0 Charles Ingram 1.00 X 0 0 0 John H McCarthy 1.00 X 0 0 0 william l dillon 50.00 X 153959 0 32408 matthew w hamill 50.00 X 174448 0 30839 jeffrey n shields 50.00 X 156820 0 30678 Susan Jurow 50.00 X 184881 0 31010 David DeLorenzo 50.00 X 143554 0 27618 Susan Menditto 50.00 X 124700 0 24339 Elbert Ouzts 50.00 X 121916 0 23795 Anne Gross 50.00 X 118221 0 25948 Steve Doran 50.00 X 106244 0 20701 1750183 0 296290 10 0 1 0 August Jackson Company 1001 Connecticut Ave NW Suite 909 Washington DC 20036 AV production 456485 Mindshift Technologies Inc 307 Waverley Oaks Rd 201 Waltham MA 02452 IT services 255676 United Litho 21800 Beaumeade Circle Ashburn VA 20147 Printing 216631 Avectra 7901 Jones Branch Drive 5th Floor Mclean VA 22102 Consulting Membership Database 190000 Capitol Tax Partners 101 Constitution Ave NW Ste 675 Ea Washington DC 20036 Consulting- Tax 144623 11 246189 246189 Membership dues 900099 6642396 6642396 Conferences, Workshops 900099 4518933 3965583 553350 advertising 541800 675657 675657 Job bank 900099 115838 115838 fees for services 900099 22825 22825 11975649 128539 128539 2916160 2837868 78292 78292 78292 749731 98517 651214 651214 Subscriber Fees Revenu 900099 10270 10270 58864 58864 69134 13149017 11292288 675657 934883 1390297 528863 842443 18991 2494133 1802097 641258 50778 421904 329525 82994 9385 1049220 607429 413642 28149 275188 170739 99411 5038 60385 60385 40291 7495 32796 1991590 1451245 540345 193022 176636 15161 1225 932590 757811 172557 2222 7746 6974 772 1058084 79089 978995 488728 342622 140225 5881 551022 529631 21391 6626 6626 480585 480585 73846 12933 60913 990T/UBIT/Federal & DC 34849 34849 Food/ Beverages 1132158 1064174 67199 785 Credit card service cha 161838 55377 106461 Database/books/subscrip 34999 24189 10810 Membership fees 32675 19788 12887 98630 1224416 -1162092 36306 13010406 9191033 3660613 158760 262 500 2735326 3233723 598508 417819 267273 198262 1162339 1126492 3484926 1959768 1995043 1525158 4513418 5191072 11272169 11693026 1239005 1257557 6030850 5919295 1439615 1304003 8709470 8480855 X 1924270 2708633 589929 455038 48500 48500 2562699 3212171 11272169 11693026 X 0 1 1 X 0 X 274500 229000 260361 751952 246189 1762002 11434318 11583150 12134424 12341103 11933887 59426882 11708818 11812150 12394785 13093055 12180076 61188884 0 44084 67434 477763 10540 599821 44084 67434 477763 10540 599821 60589063 226823 412505 449814 214195 128539 1431876 1105955 1025794 1060780 710134 675657 4578320 1332778 1438299 1510594 924329 804196 6010196 50004 45844 40853 184474 184972 506147 13091600 13296293 13946232 14201858 13169244 67705227 0.89490 0.88980 0.08880 0.09740 X 0 0 0 0 40923 40923 13068000 13108923 805446 201362 0 0 814803 849924 822275 805446 3292448 4938672 13590 28225 13635 40923 96373 203701 212481 205569 201362 823113 1234670 1326363 384905 941458 574074 497234 76840 1584489 1077629 506860 1525158 Deferred Lease Liability 1262040 Capital lease obligations 41963 1304003 13149017 13010406 138611 510861 510861 649472 13569109 321575 98517 420092 13149017 0 13149017 13430498 321575 98517 420092 13010406 0 13010406 Part XII, Line 2d - Other Adjustments: Cost of sales: 98517. Part XIII, Line 2d - Other Adjustments: Cost of sales: 98517. Effective June 1, 2009, NACUBO adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in FASB ASC Topic 740, Income Taxes. These provisons provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax postions taken or expected to be taken in a tax return. NACUBO performed an evaluation of uncertain tax positions for the year ended May 31, 2010, and determined that there were no matters that would require recognition in the financial statements or which may have any affect on its tax-exempt status. For the year ended May 31, 2010, the statute of limitations for tax years 2006 thorugh 2008 remains open with the U.S. federal jurisdiction or the various states and local jurisdictions in which NACUBO files tax returns. It is NACUBO's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John D Walda 412200 0 50000 0 3240 0 35835 0 13119 0 514394 0 0 0 william l dillon 151979 0 0 0 1980 0 22635 0 9773 0 186367 0 0 0 matthew w hamill 173998 0 0 0 450 0 26663 0 4176 0 205287 0 0 0 jeffrey n shields 156520 0 0 0 300 0 22635 0 8043 0 187498 0 0 0 Susan Jurow 183591 0 0 0 1290 0 26663 0 4347 0 215891 0 0 0 David DeLorenzo 143263 0 0 0 291 0 21020 0 6598 0 171172 0 0 0 Form 990, Part VI, Section A, line 6 NACUBO HAS THE FOLLOWING TYPES OF MEMBERS: REGULAR, ASSOCIATE, PROVISIONAL, SUBSCRIBER, AFFILIATE, GOVERNING BOARD, AND STUDENT/RETIREE. Form 990, Part VI, Section A, line 7b DUES INCREASES ARE SUBJECT TO MEMBER APPROVAL. Form 990, Part VI, Section B, line 11 The finance and audit committee will review and approve the 990 before it is filed. The entire board will be provided access to review the 990 for at least a month before the 990 is filed. Form 990, Part VI, Section B, line 12c Each employee has a duty to place NACUBO's interests foremost in any personal dealings with NACUBO and has a continuing responsibility to comply with the requirements of this policy. The conduct of personal business between any employee and NACUBO is prohibited without written approval of the President and Chief Executive Officer of NACUBO, after full disclosure by the employee. Each employee must sign the Conflict of Interest Disclosure Statement for purposes of providing the EMT with the information needed to implement this policy. Employee Disclosure Statements will be reviewed by the NACUBO President, who will resolve any actual or potential conflict(s). Each employee shall annually sign a Disclosure Statement which affirms that such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy. The Disclosure Statement will also provide an opportunity to disclose or disclaim specific financial interests. This policy applies to the Board of Directors as well as all employees. Form 990, Part VI, Section B, line 15 The EMT and president were reviewed in May 2010. Increases were effective for fiscal year 2011. THE ORGANIZATION USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS AND STUDIES TO DETERMINE THE APPROPRIATE COMPENSATION AMOUNTS. ONCE APPROVED BY THE COMPENSATION COMMITTEE, A WRITTEN EMPLOYMENT CONTRACT IS WRITTEN FOR THE PRESIDENT/CEO AND THE EXECUTIVE MANAGEMENT TEAM. Form 990, Part VI, Section C, line 19 The organization makes its governing documents and financial statements available to the public via its website. It does not make its conflict of interest policy available to the public.