Robin Merger Corporation Inc
- Assets
- $69.9m
- Revenue
- $49.4m
- Investments
- $0.0
- Employees
- 251
- Location
- Arlington, VA
- Founding
- 02/1985
- Data as of
- 12/2023
- EIN
- 52-6078980
Organization Overview
Robin Merger Corporation Inc, operating under the name Ascd, is located in Arlington, VA. The organization was established in 1985. 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, Ascd employed 251 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ascd 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, Ascd generated $49.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $72.4m during the year ending 12/2023. While expenses have increased by 6.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL IMPROVEMENT OF EDUCATION THROUGH THE PROMOTION OF PROGRAMS AND PRACTICES THAT WILL FACILITATE THE WHOLESOME DEVELOPMENT OF ALL PERSONS INVOLVED IN EDUCATIONAL EFFORTS.
Describe the Organization's Program Activity:
CONFERENCE/EVENTS - RMC OFFERS MULTIPLE EVENTS EACH YEAR TO SUPPORT OUR MISSION. THESE INCLUDE THE LIVE CONFERENCE & EXPO WHICH DRAWS 15,000-21,000 ATTENDEES AND EXHIBIT PERSONNEL ATTENDEES, OUR ANNUAL CONFERENCE, AND NUMEROUS OTHER SMALL ACTIVITIES. ATTENDEES INCLUDE EDUCATORS, TECHNOLOGY COORDINATORS, ADMINISTRATORS, LIBRARY MEDIA SPECIALISTS, POLICYMAKERS, AND OTHER EDUCATION STAKEHOLDERS. ACTIVITIES INCLUDING PLANNING, PROMOTING, AND IMPLEMENTING THE EVENTS ARE ADDITIONALLY SUPPORTED THROUGH OUR CORPORATE RELATIONS PROGRAM WHERE WE SOLICIT SPONSORS TO HELP SUBSIDIZE THE COST OF THIS EVENT.
MEMBERSHIP - RMC MEMBER SERVICES PROVIDE REVIEW AND DISSEMINATED INFORMATION ABOUT EDUCATIONAL PRACTICE, MEDIA, RESEARCH, AND MATERIALS FOR IMPROVING INSTRUCTION. MEMBERS CAN ACCESS TOPIC-FOCUSED WEBINARS, PROFESSIONAL LEARNING NETWORKS, CONFERENCE VIDEOS, RECEIVE MEMBER DISCOUNTS ON BOOKS AND PROFESSIONAL LEARNING COURSES, AND MEMBER PRICING FOR CONFERENCES & THE EXPO. AND OTHER PROGRAMS
PROFESSIONAL LEARNING/LEARNING PRODUCTS - RMC PROFESSIONAL LEARNING AND LEARNING PRODUCTS INCLUDE PUBLICATIONS, ONLINE COURSES, CERTIFICATION PROGRAMS, AND CONSULTING SERVICES FOR EDUCATORS. ALL PROGRAMS AND SERVICES ARE DESIGNED AROUND INDUSTRY BEST PRACTICES AND OUR STANDARDS FRAMEWORK.
PUBLICATIONS - RMC PUBLICATIONS INCLUDE BOOKS, MAGAZINES, JOURNALS, AND MULTI-MEDIA DIRECTED AT PROVIDING INFORMATION TO MEMBERS, NON-MEMBER EDUCATORS, AND THE PUBLIC ON THE BEST EDUCATIONAL PRACTICES AND PROGRAMS PLUS TRENDS AND ANALYSIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Culatta CEO | Officer | 40 | $449,632 |
Penny C Reinart Deputy Exec. | Officer | 40 | $452,632 |
Cheretta A Cherkley Chief Operat | 40 | $365,302 | |
Joseph B South Chief Innov. | 40 | $272,026 | |
Joshua D Sousa Sr. Director | 40 | $272,026 | |
Steven Miller Chief Financ | Officer | 40 | $275,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tyton Partners Consulting Llc Consulting | 12/30/23 | $774,489 |
Event Transportation Associates Transportation | 12/30/23 | $393,765 |
The Red Van Workshop Llc It Consulting | 12/30/23 | $269,341 |
Cordia Partners Accounting | 12/30/23 | $226,936 |
Production Resource Group Llc Prod. Services | 12/30/23 | $1,490,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,211,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,689,817 |
| Total Program Service Revenue | $45,164,470 |
| Investment income | $2,279,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $123,670 |
| Net Rental Income | $0 |
| 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 | $49,379,624 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,665,974 |
| Pension plan accruals and contributions | $907,239 |
| Other employee benefits | $4,157,625 |
| Payroll taxes | $1,576,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360,624 |
| Fees for services: Accounting | $1,004,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,623 |
| Fees for services: Other | $13,371,817 |
| Advertising and promotion | $1,637,867 |
| Office expenses | $6,511,668 |
| Information technology | $5,929,207 |
| Royalties | $0 |
| Occupancy | $863,238 |
| Travel | $1,524,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,584,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,010,653 |
| Insurance | $301,878 |
| All other expenses | $0 |
| Total functional expenses | $72,374,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,224 |
| Savings and temporary cash investments | $3,075,348 |
| Pledges and grants receivable | $146,726 |
| Accounts receivable, net | $4,447,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,812,490 |
| Prepaid expenses and deferred charges | $1,590,854 |
| Net Land, buildings, and equipment | $1,417,939 |
| Investments—publicly traded securities | $54,298,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $190,488 |
| Other assets | $1,688,662 |
| Total assets | $69,861,875 |
| Accounts payable and accrued expenses | $9,018,034 |
| Grants payable | $0 |
| Deferred revenue | $14,332,660 |
| 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 | $141,852 |
| Other liabilities | $2,459,445 |
| Total liabilities | $25,951,991 |
| Net assets without donor restrictions | $43,909,884 |
| 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 | $69,861,875 |