Accrediting Council For Independent Colleges And Schools
- Assets
- $4.7m
- Revenue
- $466.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 52-1829463
Organization Overview
Accrediting Council For Independent Colleges And Schools is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Accrediting Council For Independent Colleges And Schools employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accrediting Council For Independent Colleges And Schools 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 06/2023, Accrediting Council For Independent Colleges And Schools generated $466.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE EDUCATIONAL EXCELLENCE AT INDEPENDENT, NONPUBLIC CAREER SCHOOLS, COLLEGES, AND ORGANIZATIONS IN THE UNITED STATES AND ABROAD. THIS IS ACHIEVED THROUGH A DELIBERATE AND THOROUGH ACCREDITATION PROCESS OF QUALITY ASSURANCE AND ENHANCEMENT AS WELL AS ETHICAL BUSINESS AND EDUCATIONAL PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITATION: THE COUNCIL ESTABLISHES AND ADVANCES THE QUALITY OF EDUCATION OF INDEPENDENT, NON-PUBLIC CAREER SCHOOLS, INSTITUTIONS AND COLLEGES BY PERFORMING THE ACCREDITATION FUNCTION FOR ITS MEMBERS.
EDUCATION: THE COUNCIL EDUCATES MEMBER SCHOOLS AND OTHER INTERESTED PARTIES BY HOLDING WORKSHOPS AND OTHER EDUCATIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Ferrell Chair | OfficerTrustee | 3 | $1,000 |
Shannon Groff Assistant Treasurer | OfficerTrustee | 3 | $1,000 |
Victor Molero Assistant Secretary | OfficerTrustee | 3 | $0 |
Patsy Goodwin-Robles Chair Elect / Vice Chair | OfficerTrustee | 3 | $1,000 |
David Teneyuca Treasurer (from 12/31/22) | OfficerTrustee | 3 | $1,000 |
Patti Yakshee Treasurer (until 12/31/22) | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Legal | 6/29/22 | $239,204 |
Duane Morris Llp Legal | 6/29/22 | $170,396 |
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 | $301,816 |
| Investment income | $79,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,883 |
| 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. | $348,874 |
| Compensation of current officers, directors, key employees. | $198,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,960 |
| Pension plan accruals and contributions | $129,384 |
| Other employee benefits | $63,872 |
| Payroll taxes | $49,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,489 |
| Fees for services: Accounting | $37,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,568 |
| Fees for services: Other | $15,700 |
| Advertising and promotion | $0 |
| Office expenses | $25,881 |
| Information technology | $76,730 |
| Royalties | $0 |
| Occupancy | $201,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,923 |
| Insurance | $106,728 |
| All other expenses | $3,055 |
| Total functional expenses | $1,726,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $721,897 |
| 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 | $66,023 |
| Net Land, buildings, and equipment | $881 |
| Investments—publicly traded securities | $3,954,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,742,870 |
| Accounts payable and accrued expenses | $203,571 |
| 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 | $203,571 |
| Net assets without donor restrictions | $4,539,299 |
| 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 | $4,742,870 |