2026-04-20T15:08:23-05:00 2025-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2024-07-01 521125164 National Association of Independent Colleges and Universities NATI 2027858866 1025 Connecticut Avenue NW 700 Washington DC 200365420 Barbara K Mistick President 2027858866 2026-04-20 1 0 Stacy Cullen P00974308 3012316200 2026-04-20 2024 2025-03-06 01:10:19Z Barbara K Mistick 1025 Connecticut Avenue NW 700 Washington DC 200365420 8263475 0 X www.naicu.edu X 1976 DC NAICU serves as an advocate for private, nonprofit colleges and universities. 41 41 20 45 0 0 0 121000 7190714 7416495 485491 725980 0 0 7676205 8263475 0 0 0 0 5251093 5157112 0 0 0 2419258 2656642 7670351 7813754 5854 449721 18386027 18108310 5276286 4195131 13109741 13913179 X The National Association of Independent Colleges and Universities (NAICU) serves as the unified voice for the 1,700 private, nonprofit colleges and universities in our nation. (continued on Schedule O) 0 0 2753630 Government Relation Activities - Representing U.S. independent colleges and universities on public policy issues with governmental institutions. 1327690 Research - Gathering, analyzing, and distributing information in support of all association activities. 1591481 7416495 Membership Activities - Membership recruitment, retention, engagement, activities, and responding to membership inquires, priorities, concerns. 1236152 Public Relations 1236152 6908953 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 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 1 0 0 0 1 15 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 41 41 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Vonda Dickson 2027858866 1025 Connecticut Avenue NW Suite Washington DC 200365420 Mary Dana Hinton Chair 1.50 X X 0 0 0 Rob L Manuel Vice-Chair 1.50 X X 0 0 0 Constance L Book Past Chair 1.50 X X 0 0 0 Charlie McCormick Secretary 1.50 X X 0 0 0 Jose Padilla Treasurer 1.50 X X 0 0 0 David Armstrong Board Member 1.50 X 0 0 0 Michael Beals Board Member 1.50 X 0 0 0 Marie Bernardo-Sousa Board Member 1.50 X 0 0 0 Audrey Bilger Board Member 1.50 X 0 0 0 Robert Boyd Board Member 1.50 X 0 0 0 Amy Carey Board Member 1.50 X 0 0 0 Brad Carson Board Member 1.50 X 0 0 0 John Cech Board Member 1.50 X 0 0 0 Xavier Cole Board Member 1.50 X 0 0 0 Barry Corey Board Member 1.50 X 0 0 0 Philip Dearborn Board Member 1.50 X 0 0 0 Roger Drake Board Member 1.50 X 0 0 0 George French Board Member 1.50 X 0 0 0 Jorge Gonzalez Board Member 1.50 X 0 0 0 Ellen Granberg Board Member 1.50 X 0 0 0 Jonathan Green Board Member 1.50 X 0 0 0 LaVerne Harmon Board Member 1.50 X 0 0 0 Sean Huddleston Board Member 1.50 X 0 0 0 Paula Johnson Board Member 1.50 X 0 0 0 Rachelle Keck Board Member 1.50 X 0 0 0 Robert LeFevre Board Member 1.50 X 0 0 0 Richanne Mankey Board Member 1.50 X 0 0 0 Gilberto Marxuach-Torros Board Member 1.50 X 0 0 0 Thayne McCulloh Board Member 1.50 X 0 0 0 Michael McDonald Board Member 1.50 X 0 0 0 Elizabeth Meade Board Member 1.50 X 0 0 0 Barbara Morris Board Member 1.50 X 0 0 0 Mark Nemec Board Member 1.50 X 0 0 0 Krista Newkirk Board Member 1.50 X 0 0 0 Beth Paul Board Member 1.50 X 0 0 0 Larry Stimpert Board Member 1.50 X 0 0 0 Paul Stumb Board Member 1.50 X 0 0 0 Tania Tetlow Board Member 1.50 X 0 0 0 Suzanne Walsh Board Member 1.50 X 0 0 0 Jennifer Widness Board Member 1.50 X 0 0 0 Marylou Yam Board Member 1.50 X 0 0 0 Barbara K Mistick President 40.00 X 893229 0 91508 Sarah Flanagan VP Government Relations 40.00 X 400346 0 66134 Peter Boyle VP Public Affairs 40.00 X 275648 0 69493 Elizabeth Gemoets VP & COO 40.00 X 340916 0 63888 Vonda Dickson Dir - Finance & Administration 40.00 X 210926 0 40327 Stephanie Giesecke Asst VP for Government Relations 40.00 X 189369 0 48135 2310434 0 379485 15 0 1 0 Blake Development Company 1300 Bethlehem Pike Suite 21 Flourtown PA 19031 Construction Services 561022 Salamander Washington DC 1330 Maryland Avenue SW Washington DC 20024 Meeting Services 312627 Wakefly Inc 290 Turnpike Road Suite 5-332 Westborough MA 01581 Digital Marketing Services 267584 Cimatri HoldCo LLC 400 Oronoco Street Alexandria VA 22314 IT Services 136378 Washington Hilton Capitol Hill 525 New Jersey Avenue NW Washington DC 20001 Meeting Services 113911 5 121000 121000 Member Dues 900099 6646147 6646147 Meetings Sponsorships 900099 428711 428711 Annual Meeting Registr 900099 306627 306627 Workshop and Other 900099 35010 35010 7416495 494713 494713 231267 0 231267 231267 231267 8263475 7416495 0 725980 1007972 878404 129568 3071561 2666071 405490 297401 268958 28443 526076 475762 50314 254102 229800 24302 18655 12965 5690 37775 16396 21379 65909 65909 335892 265492 70400 116250 108292 7958 404786 400399 4387 490526 425835 64691 88629 85570 3059 718419 717659 760 77132 66958 10174 32107 27872 4235 NAICUSE Expenses 162282 162282 Subscriptions and Publi 47840 44720 3120 Dues 17187 15785 1402 Vehicle and Equipment R 10633 9231 1402 32620 30502 2118 7813754 6908953 904801 0 1061 1013 6845417 6374086 245000 105000 16701 27755 254462 266748 996436 819211 198899 177225 9165381 9962447 1659106 1194036 18386027 18108310 425577 434830 2849433 2298839 2001276 1461462 5276286 4195131 X 13083231 13886669 26510 26510 13109741 13913179 18386027 18108310 449721 353717 0 X X 0 1 X 1 0 X 561164 584859 385000 121000 1652023 6708372 7238648 7398531 7190714 7416495 35952760 7269536 7823507 7783531 7190714 7537495 37604783 0 0 0 37604783 182821 322196 396305 502622 494713 1898657 182821 322196 396305 502622 494713 1898657 7452357 8145703 8179836 7693336 8032208 39503440 0.95190 0.95920 0.04810 0.04080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 537485 537485 7276269 7813754 540688 135172 0 0 495940 507566 533518 540688 2077712 3116568 593099 424241 418229 537485 1973054 123985 126892 133380 135172 519429 779144 361203 361203 0 188362 177179 11183 446871 280829 166042 177225 Interest in Health Benefit Trust 55119 Finance Lease Right-of-Use Asset 22927 Operating Lease Right-of-Use Asset 1115990 1194036 Finance Lease 24803 Operating Lease 1436659 1461462 X 8551283 353717 353717 8197566 65909 65909 8263475 7747845 0 7747845 65909 65909 7813754 Part X, Line 2: The Association evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2025 and 2024, there are no accruals for uncertain tax positions. If applicable, the Association records interest and penalties as a component of income tax expense. Tax years from 2022 through the current year remain open for examination by federal and state tax authorities. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Barbara K Mistick President 831554 0 60000 0 1675 0 74062 0 17446 0 984737 0 0 0 Sarah Flanagan VP Government Relations 390346 0 10000 0 0 0 34500 0 31634 0 466480 0 0 0 Elizabeth Gemoets VP & COO 330916 0 10000 0 0 0 34500 0 29388 0 404804 0 0 0 Peter Boyle VP Public Affairs 275648 0 0 0 0 0 28041 0 41452 0 345141 0 0 0 Vonda Dickson Dir - Finance & Administration 210926 0 0 0 0 0 21219 0 19108 0 251253 0 0 0 Stephanie Giesecke Asst VP for Government Relations 189369 0 0 0 0 0 19267 0 28868 0 237504 0 0 0 Part I, Line 1a There were no travel expenses for the president's companion during the 2024 calendar year. The president received a housing allowance that was included in taxable compensation. Part I, Line 4b The president participated in a 457(f) retirement plan and $16,562 was paid into the plan during the 2024 calendar year. Part I, Line 7 The organization provided bonus compensation to select officers and employees during the year. Form 990, Part III, Line 1 Founded in 1976, NAICU is the only national membership organization solely focused on representing private, non-profit higher education on public policy issues in Washington, DC. Our member institutions include major research universities, faith-based colleges, historically black colleges and universities, Hispanic-serving institutions and other minority-serving institutions, art and design colleges, conservatories of music, traditional liberal arts and science institutions, women's colleges, work colleges, two-year colleges and schools of law, medicine, engineering, business, and other professions. Form 990, Part VI, Section A, line 4 Amendments to NAICU's bylaws were passed to align indemnification and governance practices with DC law and best practices in nonprofit governance, and to reflect current NAICU operations. The amendments included: clarified membership eligibility; allowance for electronic communication; expanding the number of members of the Board to 47 to account for nonvoting government relations representative seats; combining the Secretary and Treasurer roles, and a formalized Compensation Committee. Form 990, Part VI, Section A, line 6 The organization has members. There shall be three categories of voting members of the association, and one category of non-voting members as follows: a) independent non-profit institutions of higher education that are located within the territorial jurisdiction of the United States, and that are recognized by a national or regional accrediting group that is recognized by the council on higher education accreditation, or are members of a state association of independent colleges and universities (hereafter referred to as "member institutions"); b) state associations of independent colleges and universities (hereafter referred to as "member associations"). Only one state association shall be recognized from each state for purposes of regular NAICU membership, which shall be the primary state association representing independent colleges and universities in that state, and; c) national, regional, or other special-purpose associations of independent nonprofit colleges and universities (hereafter referred to as "member associations"). d) colleges and universities that are located outside the territorial jurisdiction of the United States and meet NAICU's other membership requirements, i.e. the institutions are independent, nonprofit, and accredited by a national or regional group that is recognized by the council on higher education accreditation. These shall be non-voting members. Form 990, Part VI, Section A, line 7a The board of directors shall consist of up to forty-seven members (during the 2024-2025 fiscal year there was two vacant position); the president shall be an ex officio member of the board without vote. Twenty-four directors, who shall be chief executive officers of member institutions, shall be elected directly by the membership; twelve directors, who shall be chief executive officers of member institutions, shall be elected by the twenty-four directly elected directors; the chair of the secretariat shall be ex-officio member of the board with vote; one additional member of the secretariat shall be recommended to the board by the secretariat and ratified by the board with vote; three members of the National Association of Independent Colleges and Universities state executives shall be recommended to the board by the National Association of Independent Colleges and Universities state executives and ratified by the board with vote; the chair of the board shall serve a fourth year on the board and the past chair shall serve a fifth year. Three non-presidents from member institutions also participate in board deliberations without vote. Form 990, Part VI, Section A, line 7b At any duly constituted meeting of the board of directors, a two-thirds vote of the present directors may amend the bylaws. Such amendment is subject to ratification by the members at the next annual meeting. The board also has the power to propose membership dues which are subject to the approval of the members. Form 990, Part VI, Section B, line 11b A copy of the Form 990 shall be provided to the audit committee for review and approval prior to filing. Written review comments are forwarded to management and concerns were subsequently addressed by the CPA firm. Before filing, a copy is provided to all members of the board. Form 990, Part VI, Section B, line 12c Before, at, or after the NAICU annual meeting, each board member receives NAICU's conflict of interest policy and is asked to review and stipulate (a) no conflict(s) exists or (b) possible conflict(s) exists. The statement is reviewed by NAICU's president, dated and initialed. If the president identifies a possible conflict, it is presented at the board meeting. If the majority deems a conflict, the board member is asked to recuse himself. To date, no conflicts have been identified. Form 990, Part VI, Section B, line 15 Conducted by Quatt Associates, NAICU participates in an annual Washington higher education secretariat compensation and benefits survey. The survey is further broken down into a special cut, consisting of eight organizations which most closely resemble NAICU in structure, mission, and governance. The director of finance and administration forwards the data and results from this cut to NAICU's president and then to NAICU's compensation committee - the chair, vice chair, and past chair. This committee is tasked with the authority to determine compensation for the president and three vice presidents. Form 990, Part VI, Section C, line 19 The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public. Form 990, Part XII, Line 2c: The audit committee process for selecting an independent accountant has not changed. Corporation for Independent Higher Education 1025 Connecticut Avenue NW Suite 70 Washington DC 20036 521118295 Not Currently Functionning DC 501(c)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0