Accreditation Alliance Of Career Schools And Colleges, operating under the name Accsc (see Schedule O), is located in Arlington, VA. The organization was established in 1995. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Accsc (see Schedule O) employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accsc (see Schedule O) 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, Accsc (see Schedule O) generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 0.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENSURING QUALITY EDUCATION THAT ENHANCES STUDENT SUCCESS IN THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITATION: ACCREDITATION IS A VOLUNTARY, NON-GOVERNMENTAL, PEER-REVIEW PROCESS WHICH PROVIDES A MEANS OF ASSISTING SCHOOLS AND COLLEGES TO BECOME STRONGER AND BETTER INSTITUTIONS BY SETTING STANDARDS OF EDUCATIONAL QUALITY. AS AN ACCREDITING AGENCY, ACCSC SEEKS TO ASSESS AND ENHANCE THE EDUCATIONAL QUALITY OF AN INSTITUTION, ENSURE CONSISTENCY IN INSTITUTIONAL OPERATIONS, PROMOTE SELF-EVALUATION AND INSTITUTIONAL IMPROVEMENT, AND PROVIDE FOR PUBLIC ACCOUNTABILITY WITHIN A PEER-REVIEW FRAMEWORK. ACCSC ACCREDITATION PROMOTES INSTITUTIONAL ACCOUNTABILITY BY SYSTEMATICALLY AND COMPREHENSIVELY EVALUATING INSTITUTIONS BASED UPON CRITERIA ESTABLISHED VIA THE STANDARDS OF ACCREDITATION.
INFORMATION: INFORMATION FOSTERS KNOWLEDGE OF, AND STIMULATES INTEREST IN, ACCSC AND ACCREDITATION; A MEANS OF DISSEMINATING TO SCHOOL MEMBERS TRENDS, SUCCESSES BY SCHOOLS, AND OTHER INFORMATION DESIGNED TO ASSIST SCHOOLS IN BECOMING BETTER AWARE OF EDUCATIONAL ISSUES AND ONGOING ACCREDITATION ACTIVITIES. THIS INCLUDES ALL MISCELLANEOUS OUTSIDE PRINTING COSTS; THE ADMINISTRATION OF THE ANNUAL REPORT; ANALYSIS AND ADMINISTRATION OF THE ANNUAL SCHOOL CHARACTERISTICS AND STUDENT ACHIEVEMENT DATA BROCHURE; UPDATING AND PUBLISHING THE STANDARDS OF ACCREDITATION; AND AUTHORING AND MAINTAINING THE "MONOGRAPH AND "BLUEPRINT" SERIES.
MEETINGS: ACCSC PROVIDES FUNCTIONS NECESSARY FOR THE EVALUATION OF THE ACCSC MEMBERSHIP OF APPROXIMATELY 632 SCHOOLS. THIS ALSO INCLUDES THE COSTS TO ACCSC IN CONDUCTING FOUR MEETINGS A YEAR TO REVIEW THE ACTIVE MEMBER SCHOOLS AS A PART OF THE CYCLE FOR RE-ACCREDITATION. NEW APPLICANT SCHOOLS ARE ALSO CONSIDERED FOR INITIAL ACCREDITATION AT THESE MEETINGS. OTHER MEMBER SCHOOLS ARE ALSO REVIEWED IN CONJUNCTION WITH VARIOUS OTHER ACTIVITIES, SUCH AS CHANGE OF OWNERSHIP, CHANGE OF LOCATION, SATELLITE LOCATION, COMMISSION DIRECTED ACTIVITIES, ETC. ACCSC ALSO SPONSORS AN ANNUAL PROFESSIONAL DEVELOPMENT CONFERENCE (PDC) DESIGNED TO PROVIDE RESOURCES AND ACTIVITIES TO SUPPORT ITS MEMBER INSTITUTIONS' EFFORTS TO ACHIEVE MAXIMUM EDUCATIONAL EFFECTIVENESS. THE COSTS ASSOCIATED WITH PDC ARE INCLUDED IN THESE EXPENSES.
WORKSHOPS: WORKSHOP EXPENSES ARE FOR FUNCTIONS NECESSARY TO HOST APPROXIMATELY TWELVE WORKSHOPS EACH FISCAL YEAR. TYPES OF WORKSHOPS INCLUDE: ACCREDITATION WORKSHOPS, WHICH ARE MANDATORY FOR ALL ACCREDITED INSTITUTIONS AND INITIAL APPLICANTS; TEAM LEADER WORKSHOPS; INSTITUTIONAL ENHANCEMENT WORKSHOPS; AND OTHER CONTRACTUAL WORKSHOPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Palacios Chair (from 7/2021) | OfficerTrustee | 4 | $0 |
Vickie Clements Chair, Then Treas. (trans. @ 7/2021) | OfficerTrustee | 4 | $0 |
Joanne Wenzel - Commissioner Then Vice Chair (trans. @ 7/2021) | OfficerTrustee | 4 | $10,000 |
Kathryn Dodge - Vice Chair Then Commisioner (trans. @ 7/2021) | OfficerTrustee | 4 | $10,075 |
Sue Johnson Treasurer (until 7/2021) | OfficerTrustee | 4 | $0 |
Jennifer Bergeron Secretary (until 7/2021) | OfficerTrustee | 4 | $1,078 |
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 | $6,180,603 |
Investment income | $1,314,238 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $203,727 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,713,120 |
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. | $722,376 |
Compensation of current officers, directors, key employees. | $200,225 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,209,093 |
Pension plan accruals and contributions | $209,091 |
Other employee benefits | $510,714 |
Payroll taxes | $209,985 |
Fees for services: Management | $0 |
Fees for services: Legal | $523,239 |
Fees for services: Accounting | $68,585 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $109,797 |
Fees for services: Other | $197,638 |
Advertising and promotion | $355 |
Office expenses | $118,819 |
Information technology | $1,800 |
Royalties | $0 |
Occupancy | $376,236 |
Travel | $623,685 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $209,868 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $48,658 |
Insurance | $182,907 |
All other expenses | $51,511 |
Total functional expenses | $6,564,975 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $888,229 |
Savings and temporary cash investments | $177,893 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $106,081 |
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 | $182,997 |
Net Land, buildings, and equipment | $161,895 |
Investments—publicly traded securities | $21,662,051 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $36,747 |
Total assets | $23,215,893 |
Accounts payable and accrued expenses | $923,088 |
Grants payable | $0 |
Deferred revenue | $3,203,395 |
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 | $192,361 |
Total liabilities | $4,318,844 |
Net assets without donor restrictions | $18,897,049 |
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 | $23,215,893 |