Association For Career And Techinical Education Inc
- Assets
- $10.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 37
- Location
- Alexandria, VA
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 52-0632865
Organization Overview
Association For Career And Techinical Education Inc is located in Alexandria, VA. The organization was established in 2010. 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 06/2022, Association For Career And Techinical Education Inc employed 37 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Association For Career And Techinical Education 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, Association For Career And Techinical Education Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 2.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION IS TO PROVIDE EDUCATIONAL LEADERSHIP IN DEVELOPING A COMPETITIVE WORKFORCE.
Describe the Organization's Program Activity:
CONVENTIONS, CONFERENCES AND WORKSHOPS; PROMOTION OF CAREER AND TECHNICAL EDUCATION.
TO ENHANCE THE ADVANCEMENT OF CAREER AND TECHNICAL EDUCATION.TO DEVELOP A COMPETITIVE WORKFORCE THROUGH VARIOUS PUBLICATIONS.
GOVERNMENT RELATIONS-TO ATTEND CONGRESSIONAL HEARINGS AND REVIEW LEGISLATION PERTAINING TO CAREER AND TECHNICAL EDUCATION.
REGIONS AND DIVISIONS-TO STUDY SPECIAL NEEDS IN THE AREA OF CAREER AND TECHNICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leann Wilson Executive Di | OfficerTrustee | 40 | $293,956 |
Stephen Dewitt Deputy Execu | 40 | $160,486 | |
Michael Connet Assoc.deputy | 40 | $139,884 | |
Julia Bankerd Director, Op | 40 | $102,515 | |
Scott Stone President-El | OfficerTrustee | 2 | $0 |
Brian Law President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Av Rent & Serv | 6/29/20 | $455,262 |
Naae Av Rent & Serv | 6/29/20 | $137,807 |
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 | $451,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,410 |
| Total Program Service Revenue | $4,163,342 |
| Investment income | $379,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,485 |
| Net Rental Income | $35,874 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,708,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,364 |
| Compensation of current officers, directors, key employees. | $116,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,142,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $362,088 |
| Payroll taxes | $178,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,677 |
| Fees for services: Other | $515,896 |
| Advertising and promotion | $0 |
| Office expenses | $112,891 |
| Information technology | $133,465 |
| Royalties | $0 |
| Occupancy | $256,537 |
| Travel | $326,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $486,213 |
| Interest | $3,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,912 |
| Insurance | $56,995 |
| All other expenses | -$13,045 |
| Total functional expenses | $5,544,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,096 |
| Prepaid expenses and deferred charges | $275,414 |
| Net Land, buildings, and equipment | $1,398,806 |
| Investments—publicly traded securities | $7,951,583 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,964,883 |
| Accounts payable and accrued expenses | $529,576 |
| Grants payable | $0 |
| Deferred revenue | $1,419,889 |
| 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 | $56,096 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,475 |
| Total liabilities | $2,008,036 |
| Net assets without donor restrictions | $7,747,982 |
| Net assets with donor restrictions | $208,865 |
| 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 | $9,964,883 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association For Career And Techinical Education Inc has recieved totaling $1,281,442.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: Career Readiness | $1,256,397 |
Ford Motor Co Fund Dearborn, MI PURPOSE: EDUCATION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |
National Association For The Education Of Young Children Washington, DC | $62,448,452 | $19,211,047 |
National Association Of Student Personnel Administrators Inc Washington, DC | $24,499,016 | $16,009,937 |
National Association Of College And Washington, DC | $30,694,720 | $19,712,645 |
American Association Of Colleges And Universities Washington, DC | $16,161,995 | $12,506,275 |
Virginia Education Association Inc Richmond, VA | $23,884,810 | $14,278,542 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
American Association Of Collegiate Registrars And Admissions Officers Washington, DC | $20,186,946 | $8,014,604 |