Career Education Colleges And Universities
- Assets
- $9.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Arlington, VA
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 62-1469595
Organization Overview
Career Education Colleges And Universities, operating under the name Cecu, is located in Arlington, VA. The organization was established in 1992. 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, Cecu employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cecu 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 06/2023, Cecu generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 5.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAREER EDUCATION COLLEGES AND UNIVERSITIES, PREVIOUSLY NAMED THE ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES, IS AN ORGANIZATION OF PRIVATE, POSTSECONDARY CAREER COLLEGES, SCHOOLS AND OTHER ENTITIES ESTABLISHED TO FOSTER POLICIES TO ENSURE EQUITABLE ACCESS FOR STUDENTS TO QUALITY CAREER AND SKILL EDUCATION, ENABLE CAREER COLLEGES TO GROW AND PROSPER, AND HELP THE NATION ATTAIN A MORE GLOBALLY COMPETITIVE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT AFFAIRS: PROVIDED FEDERAL AND STATE LEGISLATIVE ADVOCACY ON ISSUES RELATING TO POSTSECONDARY ACCESS, AFFORDABILITY, AND ACCOUNTABILITY; FAIR TREATMENT FOR SECTION 102 INSTITUTIONS IN OTHER FEDERAL PROGRAMS; WORKED FOR REASONABLE REGULATION AND REGULATORY OVERSIGHT AT THE FEDERAL AND STATE LEVELS; AND LED GRASSROOTS MOBILIZATION EFFORTS AIMED AT GAINING WIDESPREAD PARTICIPATION OF CECU MEMBERS IN ADVOCACY OUTREACH.
COMMUNICATIONS/PUBLIC AFFAIRS: WORKED TO ADVANCE THE IMAGE, REPUTATION AND PERCEPTION OF THE CAREER COLLEGE SECTOR THROUGH A WIDE VARIETY OF OUTREACH EFFORTS, PROGRAMS AND CHANNELS; MAINTAINED REGULAR MEDIA RELATIONS PROGRAM AND CRAFTED REGULAR COMMUNICATIONS VEHICLES, INCLUDING PRINT PUBLICATIONS, DIGITAL PUBLICATIONS, WEBSITE BLOGS, ETC.
CONVENTION, CONFERENCES AND SEMINARS: PROVIDED CECU MEMBERS WITH TIMELY INFORMATION AND NETWORKING PLATFORMS FOR FEDERAL REGULATORY COMPLIANCE, MANAGEMENT BEST PRACTICES, INTERACTION WITH OFFICIALS AND EXPERTS FROM OUTSIDE THE SECTOR, AND EXPOSURE TO NEW PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynelle Lynch Board Chair | OfficerTrustee | 1 | $0 |
Bhavna Tailor Board Treasurer | OfficerTrustee | 1 | $0 |
Andrea Harvey-York Director | Trustee | 1 | $0 |
Arthur Keiser PHD Director | Trustee | 1 | $0 |
Brad Kuykendall Director | Trustee | 1 | $0 |
Cary Metz Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Hastings Llp Litigation | 6/29/23 | $1,866,561 |
Mgm Resorts International Room, Catering, Banquet, Conference | 6/29/23 | $287,812 |
Loews Kansas City Hotel Room, Catering, Banquet, Conference | 6/29/23 | $228,628 |
Mcguirewoods Llp Litigation | 6/29/23 | $187,547 |
Multistate Associates Inc Government Relations Representation | 6/29/23 | $180,174 |
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 | $2,657,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,657,265 |
| Total Program Service Revenue | $4,856,341 |
| Investment income | $118,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,715 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,643,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,000 |
| 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. | $775,883 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,135,968 |
| Pension plan accruals and contributions | $30,402 |
| Other employee benefits | $15,523 |
| Payroll taxes | $102,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,494,456 |
| Fees for services: Accounting | $137,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,838 |
| Fees for services: Other | $598,231 |
| Advertising and promotion | $51,981 |
| Office expenses | $227,427 |
| Information technology | $33,360 |
| Royalties | $0 |
| Occupancy | $126,903 |
| Travel | $154,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $763,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,737 |
| Insurance | $29,013 |
| All other expenses | $43,511 |
| Total functional expenses | $6,926,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405,915 |
| Savings and temporary cash investments | $2,940,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,020 |
| 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 | $89,621 |
| Net Land, buildings, and equipment | $30,212 |
| Investments—publicly traded securities | $3,425,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,047,850 |
| Total assets | $9,057,326 |
| Accounts payable and accrued expenses | $1,268,501 |
| Grants payable | $0 |
| Deferred revenue | $2,219,776 |
| 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 | $1,106,157 |
| Total liabilities | $4,594,434 |
| Net assets without donor restrictions | $4,130,002 |
| Net assets with donor restrictions | $332,890 |
| 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 | $9,057,326 |
Grants Awarded
Over the last fiscal year, Career Education Colleges And Universities has awarded $101,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS PUBLIC POLICY FOUNDATION PURPOSE: RESEARCH | $26,000 |
THE VETERANS EDUCATION PROJECT PURPOSE: TO HELP FUND ORGANIZATION'S WORK TO PROTECT VETERANS' ACCESS TO CAREER EDUCATION. | $75,000 |