Associated Colleges Of The Midwest Inc
- Assets
- $16.0m
- Revenue
- $3.3m
- Investments
- $211.2k
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 36-2600769
Organization Overview
Associated Colleges Of The Midwest Inc is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Associated Colleges Of The Midwest Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Colleges Of The Midwest Inc 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 06/2022, Associated Colleges Of The Midwest Inc generated $3.3m 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 (18.2%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Associated Colleges Of The Midwest Inc has awarded 20 individual grants totaling $1,362,103. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATED COLLEGES OF THE MIDWEST (ACM), A CONSORTIUM OF RESIDENTIAL LIBERAL ARTS COLLEGES, ENRICHES RESIDENTIAL LIBERAL ARTS EDUCATION AND STRENGTHENS MEMBERS THROUGH COLLABORATION. THROUGH OUR STRATEGIC INITIATIVES AND PROGRAMS, WE ENCOURAGE EXCELLENCE IN TEACHING AND LEARNING, PROMOTE EQUITY AND INCLUSION AND CELEBRATE INDIVIDUAL AND COLLECTIVE DIVERSITY, STRENGTHEN THE CONNECTION BETWEEN INQUIRY AND PRACTICE, AMPLIFY THE EXPERTISE OF FACULTY, STUDENTS, AND STAFF, AND CULTIVATE AN OPEN ENVIRONMENT FOR INNOVATION AND EXCHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACM OPERATES CONSORTIAL PROGRAMS FOR THE BENEFIT ON THE MEMBER COLLEGES.
ACM OPERATES FACULTY DEVELOPMENT PROGRAMS PROMOTING EXCELLENCE IN TEACHING AND LEARNING.
ACM OPERATES DOMESTIC OFF-CAMPUS STUDY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Malunda President | Officer | 35 | $262,949 |
Brian Williams Vice President For Strategic Initiatives | Officer | 35 | $138,951 |
Elizabeth Hutula COO And Vice President For Administration | Officer | 35 | $113,382 |
Richard Hensey VP For Finance, Admin, And Planning - Past | Officer | 35 | $53,923 |
David Anderson Past Chair | OfficerTrustee | 4 | $0 |
Jonathan Brand Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $403,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,903,265 |
| Total Program Service Revenue | $597,200 |
| Investment income | $249,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $542,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,292,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $411,866 |
| Grants and other assistance to domestic individuals. | $24,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,220 |
| Compensation of current officers, directors, key employees. | $512,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,159 |
| Pension plan accruals and contributions | $77,222 |
| Other employee benefits | $68,602 |
| Payroll taxes | $53,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,629 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,482 |
| Advertising and promotion | $0 |
| Office expenses | $94,300 |
| Information technology | $28,880 |
| Royalties | $0 |
| Occupancy | $131,824 |
| Travel | -$4,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,124 |
| Insurance | $48,443 |
| All other expenses | $0 |
| Total functional expenses | $1,947,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,055,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $750,000 |
| Accounts receivable, net | $19,626 |
| 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 | $71,167 |
| Net Land, buildings, and equipment | $158,840 |
| Investments—publicly traded securities | $13,770,339 |
| Investments—other securities | $211,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,036,268 |
| Accounts payable and accrued expenses | $64,609 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $79,146 |
| Total liabilities | $143,955 |
| Net assets without donor restrictions | $9,752,105 |
| Net assets with donor restrictions | $6,140,208 |
| 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 | $16,036,268 |
Grants Awarded
Over the last fiscal year, Associated Colleges Of The Midwest Inc has awarded $407,246 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Northfield, MN PURPOSE: FACULTY DEVELOPMENT | $159,201 |
Cedar Rapids, IA PURPOSE: FACULTY DEVELOPMENT | $72,003 |
Lake Forest, IL PURPOSE: FACULTY DEVELOPMENT | $70,303 |
Grinnell, IA PURPOSE: FACULTY DEVELOPMENT | $51,557 |
St Paul, MN PURPOSE: FACULTY DEVELOPMENT | $28,682 |
Rosemont, IL PURPOSE: FACULTY DEVELOPMENT | $25,500 |
Endowment Analysis
| Beg. Balance | $13,668,418 |
| Earnings | -$1,708,342 |
| Other Expense | $543,813 |
| Ending Balance | $11,416,263 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |
Taylor University Broadcasting Inc Fort Wayne, IN | $4,217,815 | $3,016,713 |
Associated Colleges Of The Midwest Inc Chicago, IL | $16,036,268 | $3,292,701 |