National Association Of College And
- Assets
- $34.9m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 50
- Location
- Washington, DC
- Founding
- 12/1967
- Data as of
- 05/2023
- EIN
- 53-0259954
Organization Overview
National Association Of College And is located in Washington, DC. The organization was established in 1967. 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 05/2023, National Association Of College And employed 50 individuals. This organization is the central organization for a national or regional group of organizations. National Association Of College And 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 05/2023, National Association Of College And generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $16.6m during the year ending 05/2023. While expenses have increased by 0.5% per year over the past 8 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
TO IMPROVE FINANCIAL AND ADMINISTRATIVE MANAGEMENT AT INSTITUTIONS OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
MEMBER SERVICES:UNIVERSITIES - THE ASSOCIATION KEEPS MEMBERS INFORMED OF FEDERAL ACTIONS, SOLICITS MEMBER OPINIONS AND CONCERNS, AND ADVOCATES FOR THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES WITH CONGRESS AND FEDERAL AGENCIES. THE ASSOCIATION'S ADVOCACY EFFORTS WERE COORDINATED WITH A NUMBER OF OTHER ASSOCIATIONS REPRESENTING VARIOUS HIGHER EDUCATION CONSTITUENCIES. IN ADDITION, NACUBO IS THE VOICE FOR HIGHER EDUCATION WITH THE VARIOUS BODIES THAT SET STANDARDS FOR ACCOUNTING PRACTICES, SUCH AS THE FINANCIAL ACCOUNTING STANDARDS BOARD, THE ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, AND THE U.S. GENERAL ACCOUNTING OFFICE. (CONTINUE ON SCHEDULE O)RESEARCH - NACUBO UNDERTAKES BOTH ON-GOING LONGITUDINAL STUDIES IMPORTANT TO THE HIGHER EDUCATION INDUSTRY SUCH AS THE ASSOCIATION'S ANNUAL STUDY OF COLLEGE AND UNIVERSITY ENDOWMENTS AND SHORT SURVEYS OR RESEARCH ON SPECIFIC ISSUES OF CONCERN.GRANTS - NACUBO RECEIVED FUNDING FOR A GRANT TO SERVE ITS MEMBERS AND DEVELOP STRATEGIC FINANCE MODELS THAT PRIORITIZE AND SUSTAIN STUDENT EQUITY, SUCCESS, AND COMPLETION INITIATIVES. DURING THE THREE-YEAR GRANT, NACUBO WILL FACILITATE THE CREATION OF FRAMEWORKS, TOOLS, AND MODELS THAT CAN MOVE INSTITUTIONS TOWARDS SUSTAINABLE, INSTITUTION-WIDE FINANCIAL AND OPERATIONAL ACTIVITIES THAT INCREASE EQUITABLE OUTCOMES AND COMPLETION FOR STUDENTS. THE WORK WILL PARTICULARLY FOCUS ON WAYS TO INCREASE GUIDED PATHWAYS AND IMPROVE TRANSFER OUTCOMES.REGIONAL ASSOCIATIONS AND PARTNERSHIPS - NACUBO MANAGES AN ASSOCIATION MANAGEMENT SYSTEM THAT SERVES THE JOINT MEMBERSHIP OF THE NATIONAL ASSOCIATION AND ITS FOUR REGIONAL AFFILIATED ASSOCIATIONS (CACUBO, EACUBO, SACUBO AND WACUBO). THE SYSTEM CAPTURES A VARIETY OF DATA POINTS THAT ENABLE IMPROVED TRACKING OF INDIVIDUAL MEMBER ACTIVITY AND DUES BILLING AND COLLECTION PROCESSES. THIS DATABASE IS LINKED TO BOTH A CONTENT MANAGEMENT SYSTEM AND THE ASSOCIATION WEBSITE IMPROVING MEMBER SERVICE.AWARDS PROGRAM - NACUBO RECOGNIZES INSTITUTIONAL AND INDIVIDUAL EXCELLENCE THROUGH ITS AWARDS PROGRAM. THESE AWARDS WERE PRESENTED TO INDIVIDUALS WHO SHOWED OUTSTANDING ACHIEVEMENT AND EXEMPLARY PERFORMANCE IN THE AREAS OF FINANCIAL MANAGEMENT, ENDOWMENT MANAGEMENT, PROFESSIONAL DEVELOPMENT AND MORE. INSTITUTIONS WERE RECOGNIZED THAT DEMONSTRATED INNOVATION IN THE AREAS OF PROCESS IMPROVEMENT AND RESOURCE ENHANCEMENT.
CONFERENCES, WORKSHOPS, AND SEMINARS:THE NACUBO ANNUAL MEETING IS THE MOST IMPORTANT PROFESSIONAL DEVELOPMENT EVENT OF THE YEAR FOR COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THEIR STAFF. THE NACUBO 2022 ANNUAL MEETING TOOK PLACE IN AURORA, COLORADO, AND WAS THE FIRST NACUBO ANNUAL MEETING HELD IN PERSON SINCE THE OUTBREAK OF THE COVID-19 PANDEMIC. SESSION TOPICS INCLUDED LEADING THROUGH UNCERTAINTY, FUTURE OF WORK AND TALENT STRATEGIES IN HIGHER EDUCATION, COLLEGE AFTER COVID, ACCELERATING ANALYTICS USE THROUGH DATA GOVERNANCE, AND MANY OTHER TECHNICAL, MANAGERIAL AND LEADERSHIP ISSUES. (CONTINUE ON SCHEDULE O)IN ADDITION TO THE ANNUAL MEETING, NACUBO CREATES AND DELIVERS A BROAD RANGE OF PROGRAMS, SERVICES, AND PRODUCTS THAT ARE DESIGNED TO STRENGTHEN THE ABILITIES AND KNOWLEDGE OF CAMPUS ADMINISTRATORS AT ALL LEVELS. NACUBO DEVELOPED A VARIETY OF ONLINE WORKSHOPS, WEBINARS, AND OTHER MATERIALS COVERING TOPICS IN THE FIELDS OF ACCOUNTING, HIGHER EDUCATION FINANCE, LEADERSHIP AND MANAGEMENT, TAX, STUDENT FINANCIAL SERVICES, CAMPUS OPERATIONS, AND TECHNOLOGY. NACUBO IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. NACUBO ADMINISTERS A CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT PROGRAM FOR CERTIFIED PUBLIC ACCOUNTANTS.
CONSULTING:NACUBO CONSULTING PROVIDES PRACTICAL GUIDANCE TO HIGHER EDUCATION INSTITUTIONS. OUR AIM IS TO BE AN INSTITUTION'S PARTNER IN PRACTICE. NACUBO CONSULTANTS BRING EXPERTISE, EXPERIENCE, AND LEADERSHIP ABILITIES TO EVERY ENGAGEMENT SEEKING TO SUPPORT INSTITUTIONS IN CRITICAL AREAS. ALL OF THE CONSULTING ENGAGEMENTS ARE CUSTOMIZED WITH DEFINED SCOPES OF WORK TO SUPPORT MEMBERS' WORK THROUGH COMPLEX PROBLEMS OR IMPROVE OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnston President And CEO (until 8/12/2022) | OfficerTrustee | 35 | $306,207 |
Lynne Schaefer Interim President & CEO (until 5/23) | OfficerTrustee | 35 | $78,095 |
Nicole Trufant Chair | OfficerTrustee | 1 | $0 |
Russ Hannah Vice-Chair | OfficerTrustee | 1 | $0 |
Kelly Fox Secretary | OfficerTrustee | 1 | $0 |
Susan Scroggins Immediate Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Achurch Consulting Llc Consulting Services | 5/30/23 | $540,720 |
Mary Wheeler Consulting Services | 5/30/23 | $288,695 |
Capitol Tax Partners Consulting Services | 5/30/23 | $130,000 |
Terri Dautcher Consulting Services | 5/30/23 | $123,195 |
Sova Solutions Consulting Services | 5/30/23 | $195,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,347,978 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,013,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,620,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,982,015 |
| Total Program Service Revenue | $5,695,169 |
| Investment income | $672,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$337,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $152,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,490,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,000 |
| 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. | $1,705,774 |
| Compensation of current officers, directors, key employees. | $91,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,055,861 |
| Pension plan accruals and contributions | $390,036 |
| Other employee benefits | $385,325 |
| Payroll taxes | $385,345 |
| Fees for services: Management | $500 |
| Fees for services: Legal | $77,798 |
| Fees for services: Accounting | $191,978 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,133 |
| Fees for services: Other | $3,519,143 |
| Advertising and promotion | $0 |
| Office expenses | $542,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,058,502 |
| Travel | $706,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $647,266 |
| Interest | $4,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,691 |
| Insurance | $118,735 |
| All other expenses | $356,415 |
| Total functional expenses | $16,629,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,025,636 |
| Savings and temporary cash investments | $6,081,036 |
| Pledges and grants receivable | $1,254,223 |
| Accounts receivable, net | $569,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,504 |
| Prepaid expenses and deferred charges | $759,208 |
| Net Land, buildings, and equipment | $929,866 |
| Investments—publicly traded securities | $10,392,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,844,845 |
| Total assets | $34,866,804 |
| Accounts payable and accrued expenses | $1,729,426 |
| Grants payable | $0 |
| Deferred revenue | $8,553,546 |
| 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 | $4,818,622 |
| Total liabilities | $15,101,594 |
| Net assets without donor restrictions | $17,941,562 |
| Net assets with donor restrictions | $1,823,648 |
| 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 | $34,866,804 |
Grants Awarded
Over the last fiscal year, National Association Of College And has awarded $19,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COUNCIL ON EDUCATION PURPOSE: GENERAL SUPPORT | $5,000 |
HANDSON TWIN CITIES PURPOSE: GENERAL SUPPORT | $14,000 |