Association Of Governing Boards Of Universities And Colleges
- Assets
- $17.3m
- Revenue
- $18.3m
- Investments
- $50.0k
- Employees
- 58
- Location
- Washington, DC
- Founding
- 08/1952
- Data as of
- 06/2022
- EIN
- 84-0502574
Organization Overview
Association Of Governing Boards Of Universities And Colleges is located in Washington, DC. The organization was established in 1952. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Association Of Governing Boards Of Universities And Colleges employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Governing Boards Of Universities And Colleges 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 06/2022, Association Of Governing Boards Of Universities And Colleges generated $18.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $14.9m during the year ending 06/2022. While expenses have increased by 0.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES EMPOWERS COLLEGE, UNIVERSITY, AND FOUNDATION BOARDS AND BOARD MEMBERS TO GOVERN WITH KNOWLEDGE AND CONFIDENCE, PROVIDING GUIDANCE AND THOUGHT LEADERSHIP THROUGH EXPERT SERVICES AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, INSTITUTES, CONVENINGS, WORKSHOPS, AND AGB CONSULTING: AGB PROVIDES VARIOUS WEBINARS, WORKSHOPS, CONVENINGS, AND INSTITUTES FOR MEMBER PRESIDENTS, BOARD CHAIRS, AND BOARD MEMBERS OF PUBLIC AND PRIVATE INSTITUTIONS AND INSTITUTIONALLY RELATED FOUNDATIONS. IN ADDITION TO THE ANNUAL NATIONAL CONFERENCE ON TRUSTEESHIP IN MAJOR CITIES AROUND THE NATION, AGB OFFERS THE ANNUAL BOARD PROFESSIONALS CONFERENCE AND FOUNDATION LEADERSHIP FORUM. AGB ALSO OFFERS A WIDE RANGE OF CONTINUING EDUCATION OPPORTUNITIES FOR THE BOARDS OF MEMBER INSTITUTIONS AT SITES OF THEIR OWN CHOOSING. AGB CONSULTING'S GOVERNANCE PRACTICE AREA PROVIDES CUSTOMIZED ASSESSMENTS FOR INSTITUTIONAL BOARDS, CAMPUS LEADERS, ANDAFFILIATED FOUNDATIONS: HELPS BOARDS DEEPEN THEIR UNDERSTANDING OF BEST PRACTICES AND PUTTING KNOWLEDGE INTO ACTION; AND PROVIDES CRITICAL SUPPORT AND GUIDANCE FOR NEW LEADERSHIP. THE STRATEGY AND TRANSFORMATION PRACTICE AREA HELPS INSTITUTIONS PLAN FOR AND LEAD THROUGH CONSEQUENTIAL CHANGE INCLUDING COST MANAGEMENT INITIATIVES, PROGRAM DEVELOPMENT, AND REFINEMENTS TO THE BUSINESS MODEL AND STRATEGIC PLAN.
INSIGHTS, RESEARCH, TOOLS AND OTHER RESOURCES: IN ADDITION TO TRUSTEESHIP MAGAZINE PUBLISHED SIX TIMES PER YEAR FOR MEMBERS, AGB PUBLISHES BOOKS, REPORTS, BOARD STATEMENTS, BLOGS, SURVEY FINDINGS, WEBINARS, PODCASTS, AND BRIEFINGS, AND OFFERS A KNOWLEDGE CENTER FULL OF THESE RESOURCES ORGANIZED BY TRENDING TOPICS, BOARD FUNDAMENTALS, INSTITUTION TYPE, BOARD ROLES AND RESPONSIBILITIES, AND RESOURCE FORMAT TYPE. ADDITIONALLY, AGB OFFERS NEW BOARD MEMBER ORIENTATION FOR INTRODUCING BOARD MEMBERS TO HIGHER EDUCATION GOVERNANCE, ESSENTIAL BOARD RESPONSIBILITIES, BOARD COMPOSITION, AND BOARDROOM CULTURE. THERE ARE THREE DISCRETE VERSIONS OF THIS ONLINE PROGRAM DESIGNED FOR BOARD MEMBERS FROM PRIVATE INSTITUTIONS, PUBLIC INSTITUTIONS OR INSTITUTIONALLY RELATED FOUNDATIONS. ALL THREE VERSIONS PROVIDE NEW AND CONTINUING BOARD MEMBERS WITH A THOROUGH OVERVIEW OF GOVERNANCE FUNDAMENTALS.
ADVOCACY AND PUBLIC POLICY: AGB WORKS TO ENSURE THE VIEWS OF OUR MEMBERS ARE AT THE FOREFRONT OF STATE AND FEDERAL POLICY DISCUSSIONS REGARDING BOARD GOVERNANCE, INSTITUTIONAL LEADERSHIP, STUDENT SUCCESS, AND INSTITUTIONAL VITALITY. WE WORK TO IMPROVE SOCIETY'S UNDERSTANDING AND PERCEPTION OF THE VALUE OF HIGHER EDUCATION, AND WE SPONSOR A NUMBER OF OTHER ADVOCACY PROJECTS THAT ADDRESS PRESSING ISSUES IN HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Stoever President And CEO | Officer | 39 | $566,352 |
Roderick Mcdavis Principal | Officer | 1 | $0 |
Maria Nazareth Vice President And Treasurer | Officer | 40 | $336,777 |
Merrill Schwartz Senior Vice President -Until 05/2023 | Officer | 40 | $275,281 |
Helen Leith Vice President -Until 07/2022 | Officer | 40 | $291,628 |
Christina Jacobs Vice President | Officer | 40 | $296,071 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newport Advisory Partners Llc Consulting | 6/29/23 | $441,217 |
Delcor Technology Solutions Inc Consulting | 6/29/23 | $206,883 |
Dentons Us Llp Legal | 6/29/23 | $254,442 |
The Windermere Group Llc Consulting | 6/29/23 | $267,230 |
Paul Friga Consulting | 6/29/23 | $253,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,467,748 |
| Investment income | $605,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $509,134 |
| Net Rental Income | $163,024 |
| Net Gain/Loss on Asset Sales | $2,089,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,279,228 |
| Statement of Expenses | |
|---|---|
| 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. | $1,964,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,510,028 |
| Pension plan accruals and contributions | $423,601 |
| Other employee benefits | $268,260 |
| Payroll taxes | $381,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461,738 |
| Fees for services: Accounting | $39,248 |
| Fees for services: Lobbying | $43,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,466 |
| Fees for services: Other | $4,031,757 |
| Advertising and promotion | $239,229 |
| Office expenses | $86,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $959,408 |
| Travel | $266,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $576,797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,254 |
| Insurance | $58,494 |
| All other expenses | $0 |
| Total functional expenses | $14,936,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,282 |
| Savings and temporary cash investments | $3,774,523 |
| Pledges and grants receivable | $38,257 |
| Accounts receivable, net | $633,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,934 |
| Prepaid expenses and deferred charges | $328,892 |
| Investments—publicly traded securities | $10,223,378 |
| Investments—other securities | $50,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $996,169 |
| Total assets | $17,317,397 |
| Accounts payable and accrued expenses | $848,766 |
| Grants payable | $0 |
| Deferred revenue | $4,089,522 |
| 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 | $928,192 |
| Total liabilities | $5,866,480 |
| Net assets without donor restrictions | $11,415,420 |
| Net assets with donor restrictions | $35,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,450,917 |