Accreditation Commission For Education In Nursing Inc
- Assets
- $17.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Atlanta, GA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 13-3927791
Organization Overview
Accreditation Commission For Education In Nursing Inc, operating under the name Acen, is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Acen employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acen is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Acen generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ACCREDITATION COMMISSION FOR EDUCATION IN NURSING (ACEN) SUPPORTS THE INTERESTS OF NURSING EDUCATION, NURSING PRACTICE, AND THE PUBLIC BY THE FUNCTIONS OF ACCREDITATION. ACCREDITATION IS A PEER REVIEW, SELF-REGULATORY PROCESS BY WHICH NON-GOVERNMENTAL ASSOCIATIONS RECOGNIZE EDUCATIONAL INSTITUTIONS OR PROGRAMS THAT HAVE BEEN FOUND TO MEET OR EXCEED STANDARDS AND CRITERIA FOR EDUCATIONAL QUALITY. ACCREDITATION ALSO ASSISTS IN THE FURTHER IMPROVEMENT OF THE INSTITUTIONS OR PROGRAMS AS RELATED TO RESOURCES INVESTED, PROCESSES FOLLOWED, AND RESULTS ACHIEVED. THE MONITORING OF CERTIFICATE, DIPLOMA, AND DEGREE OFFERINGS IS TIED CLOSELY TO STATE EXAMINATION AND LICENSING RULES AND TO THE OVERSIGHT OF PREPARATION FOR WORK IN THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACEN ACCREDITS NURSING EDUCATION PROGRAMS, INCLUDING CLINICAL DOCTORATE, DNP SPECIALIST CERTIFICATE, MASTER'S/POST-MASTER'S CERTIFICATE, BACCALAUREATE, ASSOCIATE, DIPLOMA, AND PRACTICAL NURSING PROGRAMS. THE ACEN ACCREDITS NURSING EDUCATION PROGRAMS IN SECONDARY, POSTSECONDARY, AND HOSPITAL-BASED GOVERNING ORGANIZATIONS THAT OFFER CERTIFICATES, DIPLOMAS, OR DEGREES. THE ACEN SERVES AS A TITLE IV-HEA GATEKEEPER FOR SOME PRACTICAL NURSING PROGRAMS AND HOSPITAL-BASED NURSING EDUCATION PROGRAMS ELIGIBLE TO PARTICIPATE IN FINANCIAL AID PROGRAMS ADMINISTERED BY THE UNITED STATES DEPARTMENT OF EDUCATION OR OTHER FEDERAL AGENCIES. THE ACEN ACCREDITS NON-CREDIT TRANSITION-TO-PRACTICE PROGRAMS FOR ALL LEVELS OF NURSING PRACTICE. THE ACEN ACCREDITS TRANSITION-TO-PRACTICE PROGRAMS OFFERED BY ACADEMIC INSTITUTIONS (E.G., UNIVERSITY, COLLEGE, CAREER CENTER) AND/OR HEALTHCARE AGENCIES (E.G., HOSPITALS, LONG-TERM CARE, ETC.).
THE ACEN 2021 NURSING EDUCATION ACCREDITATION CONFERENCE PROVIDED A SCHOLARLY FORUM IN WHICH FACULTY, NURSE ADMINISTRATORS, AND STUDENTS SHARED BEST PRACTICES IN NURSING EDUCATION. THE THEME OF THE CONFERENCE WAS "LESSONS LEARNED", WHERE THOUGHTS AND IDEAS WERE EXCHANGED ABOUT THE IMPACT THE COVID-19 PANDEMIC HAD AND CONTINUES TO HAVE ON NURSING, NURSING EDUCATION AND NURSING STUDENTS. THE CONFERENCE WAS REMOTE, AND HAD OVER 500 ATTENDEES, MORE THAN 10 SPONSORS, AND FEATURED OVER 40 SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marsal P Stoll CEO | Officer | 40 | $505,560 |
Alexander Mariquit Chief Of Operations | 40 | $274,044 | |
Linda D Ard Director | 40 | $221,545 | |
Sharon Beasley Director | 40 | $169,086 | |
Keri Nunn-Ellison Director | 40 | $149,340 | |
Suzette Farmer Director | 40 | $145,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,692,248 |
| Investment income | $392,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $823,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,907,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $579,016 |
| Compensation of current officers, directors, key employees. | $405,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,319,660 |
| Pension plan accruals and contributions | $143,864 |
| Other employee benefits | $373,753 |
| Payroll taxes | $165,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,825 |
| Fees for services: Accounting | $52,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,335 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $166,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,654 |
| Travel | $244,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $243,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,128 |
| Insurance | $47,607 |
| All other expenses | $39,236 |
| Total functional expenses | $5,002,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,478,039 |
| Savings and temporary cash investments | $2,063,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $244,275 |
| Net Land, buildings, and equipment | $628,667 |
| Investments—publicly traded securities | $12,840,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,255,204 |
| Accounts payable and accrued expenses | $1,335,954 |
| Grants payable | $0 |
| Deferred revenue | $3,206,510 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $871,411 |
| Total liabilities | $5,413,875 |
| Net assets without donor restrictions | $11,841,329 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,255,204 |
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