American Association Of Colleges For Teacher Education
- Assets
- $12.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- 02/1971
- Data as of
- 12/2023
- EIN
- 52-6041929
Organization Overview
American Association Of Colleges For Teacher Education, operating under the name Aacte, is located in Washington, DC. The organization was established in 1971. 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 12/2023, Aacte employed 18 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aacte 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 12/2023, Aacte generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AACTE LEADS IN ADVOCATING FOR AND BUILDING HIGH-QUALITY EDUCATOR PREPARATION PROGRAMS.
Describe the Organization's Program Activity:
MEETINGS AND EVENTS: CONTAINS ANNUAL MEETING, MEETING & EVENTS, WASHINGTON WEEK, AND LEADERSHIP ACADEMY. PROVIDES SUPPORT FOR VARIOUS PROGRAMS DESIGNED TO ENHANCE THE DEVELOPMENT AND MAINTENANCE OF LEADERSHIP CAPABILITIES OF THOSE IN THE PROFESSION, PROMOTE TEACHER EDUCATION AS A PROFESSION, AND PROMOTE AND MAINTAIN EDUCATIONAL STANDARDS WITHIN THE MEMBERSHIP. THESE ACTIVITIES ARE CARRIED OUT THROUGH SPECIAL MEETINGS, CONFERENCES AND SEMINARS.
GOVERNMENT RELATIONS: THE ASSOCIATION COLLECTS AND COMMUNICATES TO ITS MEMBERS, INFORMATION ON THE ACTIVITIES OF THE FEDERAL AND STATE GOVERNMENTS, WHICH WILL HAVE AN IMPACT ON TEACHER EDUCATION AND BE OF COMMON INTEREST TO THE COLLEGES AND UNIVERSITIES.
ORGANIZATIONAL ADVANCEMENT: THE ASSOCIATION DEVELOPS AND PRODUCES PUBLICATIONS AND OTHER TYPES OF LITERATURE RELATING TO TEACHER EDUCATION. ALSO, UPON REQUEST, THE ASSOCIATION COLLECTS AND PROVIDES INFORMATION OF SPECIAL INTEREST TO THE MEMBERSHIP AND THOSE IN THE PROFESSION.
MEMBERSHIPS: AACTE MEMBERSHIP HELPS MEMBERS BROADEN THEIR KNOWLEDGE TO ADDRESS CURRENT CHALLENGES AND PROVIDES OPPORTUNITIES TO NETWORK WITH PROFESSIONALS WITH COMMON INTERESTS AND GOALS TO ENRICH THEIR DEVELOPMENT. MEMBERS RECEIVE EXCLUSIVE ACCESS TO FREE OR DISCOUNTED FEES FOR A RANGE OF PROGRAMS, EVENTS, PRODUCTS, AND SERVICES: INCLUDING JOURNAL SUBSCRIPTIONS, A MEMBERSHIP DIRECTORY, PROFESSIONAL DEVELOPMENT TRAININGS AND WEBINARS, ADVOCACY RESOURCES, LEADERSHIP OPPORTUNITIES, AND DOZENS OF TOOLKITS, GUIDES, AND ASSESSMENT MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monika Williams Shealey Chair | OfficerTrustee | 1 | $0 |
Marquita Grenot-Scheyer Chair-Elect | OfficerTrustee | 1 | $0 |
Michael Dantley Immediate Past Chair | OfficerTrustee | 1 | $0 |
Marvin Lynn Secretary | OfficerTrustee | 1 | $0 |
Anne Tapp At-Large Member, Executive | Trustee | 1 | $0 |
Laura Alamillo Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Accounting/hr Outsourcing | 12/30/23 | $384,425 |
Jacqueline King Consulting Services | 12/30/23 | $148,591 |
Leslie Fenwick Consulting Services | 12/30/23 | $110,000 |
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 | $155,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,238 |
| Total Program Service Revenue | $4,097,526 |
| Investment income | $429,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,619,181 |
| 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. | $510,315 |
| Compensation of current officers, directors, key employees. | $250,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,221,606 |
| Pension plan accruals and contributions | $44,926 |
| Other employee benefits | $130,882 |
| Payroll taxes | $115,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,943 |
| Fees for services: Accounting | $424,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,573 |
| Fees for services: Other | $1,084,389 |
| Advertising and promotion | $254 |
| Office expenses | $118,767 |
| Information technology | $197,977 |
| Royalties | $0 |
| Occupancy | $59,000 |
| Travel | $138,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $954,017 |
| Interest | $305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,537 |
| Insurance | $34,980 |
| All other expenses | $16,970 |
| Total functional expenses | $5,464,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,282,533 |
| Pledges and grants receivable | $62,242 |
| Accounts receivable, net | $98,177 |
| 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 | $92,036 |
| Net Land, buildings, and equipment | $20,887 |
| Investments—publicly traded securities | $10,541,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,603 |
| Total assets | $12,209,361 |
| Accounts payable and accrued expenses | $388,225 |
| Grants payable | $0 |
| Deferred revenue | $2,862,982 |
| 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 | $90,353 |
| Total liabilities | $3,341,560 |
| Net assets without donor restrictions | $7,627,065 |
| Net assets with donor restrictions | $1,240,736 |
| 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 | $12,209,361 |
Grants Awarded
Over the last fiscal year, American Association Of Colleges For Teacher Education has awarded $41,177 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KENTUCKY ASSOCIATION OF COLLEGES FOR TEACHER EDU PURPOSE: TO DEVELOP EPP DISPOSITIONAL MEASURES FOR USE BY EPP'S WITH DATA AGGREGATED AT THE STATE LEVEL | $8,300 |
MCPHERSON COLLEGE PURPOSE: STATEWIDE TEACHER OBSERVATION/ ASSESSMENT TOOL. | $8,850 |
TENNESSEE ASSOCIATION FOR COLLEGES OF TEACHER EDU BELMONT UNIVERSITY PURPOSE: TO CREATE TN TEACH, THE TN EPP ASSISTIVE AND COLLABORATIVE HELP NETWORK. | $8,700 |
MID AMERICA CHRISTIAN UNIVERSITY PURPOSE: TO SUPPORT DIALOGUE BETWEEN EPP'S AND OKLAHOMA P-12 SCHOOL DISTRICT ADMINISTRATORS CONCERNING DATA THAT ARE AVAILABLE ORCOULD BE PRODUCED TO FULFILL THE EXPECTATIONS OF CAEP STANDARD 4: PROGRAM IMPACT | $7,327 |
WASHINGTON ASSOCIATION OF COLLEGES FOR TEACHER EDUGONZAGA UNIVERSITY PURPOSE: TO HOLD A WASHINGTON STATE DAY ON THE HILL EVENT TO ADVOCATE FOR WACTE'S AGENDA AND PRESENT EPP LEADERS AS RESOURCES TO STATE LEGISLATORS. | $8,000 |