Distance Education & Training Council
- Assets
- $4.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 09/1944
- Data as of
- 03/2024
- EIN
- 53-0115490
Organization Overview
Distance Education & Training Council, operating under the name Dist Educat Accrediting Comm (deac), is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 03/2024, Dist Educat Accrediting Comm (deac) employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dist Educat Accrediting Comm (deac) is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, Dist Educat Accrediting Comm (deac) generated $3.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.5m during the year ending 03/2024. While expenses have increased by 2.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTANCE EDUCATION & TRAINING COUNCIL HAS BEEN THE STANDARD-SETTING AGENCY FOR CORRESPONDENCE STUDY AND DISTANCE EDUCATION INSTITUTIONS SINCE IT WAS ESTABLISHED IN 1926. ITS PURPOSE WAS, AND STILL IS TODAY, "TO FOSTER AND PRESERVE HIGH QUALITY, EDUCATIONALLY SOUND AND WIDELY ACCEPTED DISTANCE EDUCATION AND INDEPENDENT LEARNING INSTITUTIONS."THE DETC ACCREDITING COMMISSION PERFORMS THE INSTITUTIONAL ACCREDITING FUNCTIONS OF THE DETC. DETC MEMBER INSTITUTIONS OFFER MORE THAN 500 DIFFERENT ACADEMIC, VOCATIONAL, AND AVOCATIONAL COURSES BY ONLINE LEARNING OR BY MAIL.MEETINGS AND CONFERENCES WERE HELD TO PROVIDE (CONTINUED ON SCHEDULE O) INFORMATION AND CONSULTING REGARDING ACCREDITATION AND COMPLIANCE. SPONSORSHIPS OF MEETINGS AND CONFERENCES SERVED AS PRIMARY FORUM FOR ACCREDITATION AND QUALITY INVOLVING THE ACADEMIC AND ACCREDITATION COMMUNITIES.THE DETC CONDUCTS A CONTINUING PROFESSIONAL DEVELOPMENT PROGRAM FOR DISTANCE STUDY EDUCATORS. WORKSHOPS, SEMINARS AND CONFERENCES DEVOTED TO DISTANCE EDUCATION ARE HELD EACH YEAR AND ARE OPEN TO ANY INDIVIDUAL WITH AN INTEREST IN DISTANCE EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Nitsch Chair & Public Commissioner | OfficerTrustee | 4 | $6,500 |
Traci Lee Vice Chair & Institution Rep. | OfficerTrustee | 4 | $0 |
Michael Harter Treasurer & Public Commissioner | OfficerTrustee | 4 | $3,000 |
Robert Allison Public Commissioner | Trustee | 4 | $3,000 |
Marcia Ditmyer Public Commissioner | Trustee | 4 | $4,000 |
Peter Smith Public Commissioner | Trustee | 4 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Notary Hotel Venue Provider | 3/30/24 | $113,002 |
Cornerpxl Information Technology Services | 3/30/24 | $106,475 |
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 | $3,247,337 |
| Investment income | $88,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,577 |
| Net Gain/Loss on Asset Sales | $17,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,363,294 |
| 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. | $699,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,552 |
| Pension plan accruals and contributions | $26,588 |
| Other employee benefits | $99,134 |
| Payroll taxes | $72,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,864 |
| Fees for services: Accounting | $67,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,482 |
| Fees for services: Other | $473,967 |
| Advertising and promotion | $0 |
| Office expenses | $100,143 |
| Information technology | $138,763 |
| Royalties | $0 |
| Occupancy | $182,641 |
| Travel | $433,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $395,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,144 |
| Insurance | $59,451 |
| All other expenses | $0 |
| Total functional expenses | $3,523,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,333,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,626 |
| 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 | $216,230 |
| Net Land, buildings, and equipment | $130,308 |
| Investments—publicly traded securities | $2,991,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $267,731 |
| Total assets | $4,947,714 |
| Accounts payable and accrued expenses | $172,236 |
| Grants payable | $0 |
| Deferred revenue | $1,357,951 |
| 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 | $280,444 |
| Total liabilities | $1,810,631 |
| Net assets without donor restrictions | $3,137,083 |
| 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 | $4,947,714 |