Association Of Community College Trustees
- Assets
- $12.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 09/1972
- Data as of
- 06/2023
- EIN
- 52-6120210
Organization Overview
Association Of Community College Trustees is located in Washington, DC. The organization was established in 1972. 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 06/2023, Association Of Community College Trustees employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Community College Trustees 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, Association Of Community College Trustees generated $8.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER GREATER UNDERSTANDING OF AND APPRECIATION FOR COMMUNITY COLLEGE BOARDS; TO SUPPORT BOARDS IN THEIR EFFORTS TO DEVELOP PUBLIC POLICIES FOCUSING ON MEETING COMMUNITY NEEDS; TO HELP BUILD BOARD GOVERNANCE LEADERSHIP AND ADVOCACY CAPACITY THROUGH IN-SERVICE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND MEETINGS - AN ANNUAL CONGRESS WAS HELD IN OCTOBER 2022. THE NATIONAL LEGISLATIVE SUMMIT WAS HELD IN FEBRUARY 2023. THE GOVERNANCE LEADERSHIP INSTUTUTE WAS HELD IN MARCH 2023. THE ORIENTATION OF THESE MEETINGS IS RELATED TO ACCT'S MISSION OF PROMOTING EFFECTIVE BOARD GOVERNANCE THROUGH EDUCATION AND ADVOCACY.
BOARD LEADERSHIP SERVICES - ACCT PROVIDES MEMBERS WITH PLANNING, RETREATS AND EVALUATIONS TO ACCLIMATE COMMUNITY COLLEGE TRUSTEES WITH THEIR DUTIES. ACCT ALSO ASSISTS MEMBER BOARDS IN THE SELECTION OF COLLEGE PRESIDENTS AND VICE-PRESIDENTS.
MEMBERSHIP SERVICES - ACCT OFFERS A BROAD RANGE OF MEMBERSHIP BENEFITS TO COMMUNITY COLLEGES, INDIVIDUAL EDUCATORS AND STATE ASSOCIATIONS AND OTHERS. ACCT IS COMPRISED OF OVER 550 MEMBER BOARDS AND OVER 6,500 TRUSTEES WHO GOVERN COMMUNITY, TECHNICAL AND JUNIOR COLLEGES THROUGHOUT THE UNITED STATES. ACCT'S MEMBERSHIP ALSO INCLUDES STATE COORDINATING BOARDS, ADVISORY BOARDS, GOVERNING BOARDS, COMMUNITY COLLEGE STATE ASSOCIATIONS, AS WELL AS LEADING CORPORATIONS SERVING COMMUNITY COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zaida Hernandez-Irisson Board Member | Trustee | 1 | $0 |
James Cooksey Immediate Past Chair | Trustee | 1 | $0 |
Amanda Howland Board Member | Trustee | 1 | $0 |
John Lukas Board Member | Trustee | 1 | $0 |
Maureen Dunne Board Member | Trustee | 1 | $0 |
Jay Nardini Chair Elect | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moire Marketing Partners Graphic Design | 6/29/21 | $188,453 |
Blue Sky Elearn Llc Audio Visual | 6/29/21 | $101,145 |
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 | $1,169,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,169,307 |
| Total Program Service Revenue | $7,330,185 |
| Investment income | $242,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $8,846,839 |
| 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. | $385,000 |
| Compensation of current officers, directors, key employees. | $142,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,265,637 |
| Pension plan accruals and contributions | $211,085 |
| Other employee benefits | $346,698 |
| Payroll taxes | $224,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,662 |
| Fees for services: Accounting | $43,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,600,581 |
| Advertising and promotion | $4,697 |
| Office expenses | $395,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $425,034 |
| Travel | $1,291,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $912,858 |
| Interest | $14,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,447 |
| Insurance | $47,914 |
| All other expenses | $0 |
| Total functional expenses | $8,383,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,293,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $793,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,956 |
| Prepaid expenses and deferred charges | $314,885 |
| Net Land, buildings, and equipment | $496,846 |
| Investments—publicly traded securities | $6,537,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,191,684 |
| Total assets | $12,650,954 |
| Accounts payable and accrued expenses | $672,102 |
| Grants payable | $0 |
| Deferred revenue | $2,488,984 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $267,334 |
| 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 | $2,418,217 |
| Total liabilities | $5,846,637 |
| Net assets without donor restrictions | $6,804,317 |
| 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 | $12,650,954 |