International Association For College Admission Counseling Inc
- Assets
- $1.8m
- Revenue
- $667.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Arlington, VA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 14-1827265
Organization Overview
International Association For College Admission Counseling Inc, operating under the name International Acac, is located in Arlington, VA. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, International Acac employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Acac 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, International Acac generated $667.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $480.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. 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 MISSION OF THE INTERNATIONAL ASSOC. FOR COLLEGE ADMISSION COUNSELING IS TO FACILITATE GLOBAL INTERACTION AMONG COUNSELORS AND INSTITUTIONS IN SUPPORTOF STUDENTS IN THEIR TRANSITION FROM SECONDARY TO HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER ANNUAL EDUCATION CONFERENCE IS TYPICALLY ATTENDED BY OVER 1,200 MEMBERS. DUE TO COVID-19, THERE WAS VERY LITTLE ANNUAL CONFERENCE REVENUE FOR 2021.
THE SCHOLAR FUND PROVIDED SCHOLARSHIPS FOR TRAINING AND ANNUAL CONFERENCE ATTENDANCE TO COUNSELORS WORKING TO PROVIDE OPPORTUNITIES TO THE NEEDIEST STUDENTS AROUND THE WORLD. THE GLOBAL FUND REPRESENTS THE ASSOCIATION'S COMMITMENT TO PROVIDING RESOURCES AND SUPPORTING OPPORTUNITIES FOR ITS MEMBERS. FUNDING IS PROVIDED FOR OPPORTUNITY GRANTS, CONFERENCE BURSARIES, AND THE SCHOLAR PROGRAM. IACAC REGIONAL INSTITUTES OPERATE ON A TWICE-YEARLY, ROTATING THREE-YEAR SCHEDULE. EACH INSTITUTE IS HELD AT A MEMBER HIGH SCHOOL OR UNIVERSITY IN A SPECIFIC REGION. IN 2021, NO EVENTS WERE HELD DUE TO COVID-19.
THE MISSION OF THE INTERNATIONAL ASSOC FOR COLLEGE ADMISSION COUNSELING IS TO FACILITATE GLOBAL INTERACTION AMONG COUNSELORS AND INSTITUTIONS IN SUPPORT OF STUDENTS IN THEIR TRANSITION FROM SECONDARY TO HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Bergantino VP Advocacy | Officer | $0 | |
Ruby Bhattacharya VP For Admis | Officer | $0 | |
Natalie Bitton President | Officer | $0 | |
Michelle Chow-Liu VP For Membe | Officer | $0 | |
Brandon Mack Exec Directo | Officer | $0 | |
Tracy How VP For Finan | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $245,995 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,995 |
| Total Program Service Revenue | $324,946 |
| Investment income | $92,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $667,195 |
| 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. | $81,730 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,622 |
| Pension plan accruals and contributions | $5,393 |
| Other employee benefits | $0 |
| Payroll taxes | $13,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,407 |
| Travel | $47,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,521 |
| All other expenses | $0 |
| Total functional expenses | $480,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,921 |
| Savings and temporary cash investments | $1,523,511 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,842,820 |
| Accounts payable and accrued expenses | $69 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $69 |
| Net assets without donor restrictions | $0 |
| 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 | $1,842,751 |
| Total liabilities and net assets/fund balances | $1,842,820 |
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