Form 990 for tax year 2024
Filed by AMERICAN ASSOCIATION OF COLLEGES FOR TEACHER EDUCATION.
Totals
- Total revenue
- $4,881,982
- Total expenses
- $5,779,813
- Contributions and grants received
- $212,514
- Grants paid
- $0
- Program service revenue
- $4,427,393
- Investment income
- $141,750
- Other revenue
- $100,325
- Total assets, end of year
- $11,950,984
- Total liabilities, end of year
- $3,268,844
- Net assets or fund balances, end of year
- $8,682,140
- Program services expenses (Part IX)
- $2,879,214
- Management and general expenses
- $2,900,599
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,879,214
Program services were 49.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$212,514
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,974,002 · related or exempt $2,974,002
-
2b · Program service revenue: MEETINGS AND CONFERENCES
total $1,161,061 · related or exempt $1,161,061
-
2c · Program service revenue: PUBLICATIONS
total $243,033 · related or exempt $243,033
-
2d · Program service revenue: SPONSORSHIP REVENUE
total $46,988 · related or exempt $46,988
-
2e · Program service revenue: CONTRACT REVENUE
total $2,309 · related or exempt $2,309
-
3 · Investment income
total $271,297 · excluded $271,297
-
7a · Gross sales of assets other than inventory
securities $7,997,838
-
7b · Less cost or other basis and sales expenses
securities $8,127,385
-
7c · Gain or loss
securities -$129,547
-
7d · Net gain or loss
total -$129,547 · excluded -$129,547
-
11a · Other revenue: REBATE
total $77,718 · excluded $77,718
-
11b · Other revenue: WEBSITE ADVERTISING
total $15,662 · unrelated business $15,662
-
11c · Other revenue: OTHER INCOME
total $6,945 · excluded $6,945
-
11e · Other revenue, total
$100,325
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $778,111 · program services $396,837 · management and general $381,274
-
7 · Other salaries and wages
total $903,469 · program services $291,081 · management and general $612,388
-
8 · Pension plan contributions
total $60,100 · program services $18,182 · management and general $41,918
-
9 · Other employee benefits
total $97,394 · program services $40,978 · management and general $56,416
-
10 · Payroll taxes
total $106,856 · program services $49,052 · management and general $57,804
-
11b · Fees: legal
total $64,519 · management and general $64,519
-
11c · Fees: accounting
total $372,910 · management and general $372,910
-
11f · Fees: investment management
total $52,068 · management and general $52,068
-
11g · Fees: other
total $1,545,625 · program services $722,247 · management and general $823,378
-
12 · Advertising and promotion
total $5,500 · program services $5,500
-
13 · Office expenses
total $10,706 · program services $8,074 · management and general $2,632
-
14 · Information technology
total $205,864 · program services $74,275 · management and general $131,589
-
16 · Occupancy
total $59,600 · program services $29,960 · management and general $29,640
-
17 · Travel
total $138,292 · program services $70,542 · management and general $67,750
-
19 · Conferences, conventions and meetings
total $880,315 · program services $854,290 · management and general $26,025
-
20 · Interest
total $173 · program services $87 · management and general $86
-
22 · Depreciation, depletion and amortization
total $5,997 · program services $3,015 · management and general $2,982
-
23 · Insurance
total $40,808 · program services $20,514 · management and general $20,294
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $210,499 · program services $126,543 · management and general $83,956
-
24b · Other expenses: HONORARIA
total $126,012 · program services $126,012
-
24c · Other expenses: BANK AND MERCHANT FEES
total $75,697 · program services $17,863 · management and general $57,834
-
24d · Other expenses: PROF. DEVELOPMENT
total $15,279 · program services $1,594 · management and general $13,685
-
24e · All other expenses
total $24,019 · program services $22,568 · management and general $1,451
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $450
-
2 · Savings and temporary cash investments
beginning of year $1,282,533 · end of year $542,113
-
3 · Pledges and grants receivable
beginning of year $62,242 · end of year $1,145
-
4 · Accounts receivable
beginning of year $98,177 · end of year $75,572
-
9 · Prepaid expenses and deferred charges
beginning of year $92,036 · end of year $240,446
-
10a · Land, buildings and equipment: cost or other basis
$95,039
-
10b · Land, buildings and equipment: accumulated depreciation
$61,456
-
10c · Land, buildings and equipment, net
beginning of year $20,887 · end of year $33,583
-
11 · Investments: publicly traded securities
beginning of year $10,541,883 · end of year $10,884,141
-
15 · Other assets
beginning of year $111,603 · end of year $173,534
-
17 · Accounts payable and accrued expenses
beginning of year $388,225 · end of year $349,787
-
19 · Deferred revenue
beginning of year $2,862,982 · end of year $2,889,485
-
25 · Other liabilities
beginning of year $90,353 · end of year $29,572
-
27 · Net assets without donor restrictions
beginning of year $7,627,065 · end of year $7,541,964
-
28 · Net assets with donor restrictions
beginning of year $1,240,736 · end of year $1,140,176
Mission and programs · 2024
Mission
AACTE ELEVATES EDUCATION AND EDUCATOR PREPARATION THROUGH RESEARCH, PROFESSIONAL PRACTICE, ADVOCACY, AND COLLABORATION.
Activities or mission (Part I)
AACTE LEADS IN ADVOCATING FOR AND BUILDING HIGH-QUALITY EDUCATOR PREPARATION PROGRAMS.
-
MEETINGS AND EVENTS: CONTAINS ANNUAL MEETING, MEETING & EVENTS, WASHINGTON WEEK, AND LEADERSHIP ACADEMY. PROVIDES SUPPORT FOR VARIOUS PROGRAMS DESIGNED TO ENHANCE THE DEVELOPMENT AND MAINTENANCE OF LEADERSHIP CAPABILITIES OF THOSE IN THE PROFESSION, PROMOTE TEACHER EDUCATION AS A PROFESSION, AND PROMOTE AND MAINTAIN EDUCATIONAL STANDARDS WITHIN THE MEMBERSHIP. THESE ACTIVITIES ARE CARRIED OUT THROUGH SPECIAL MEETINGS, CONFERENCES AND SEMINARS.
Expenses $1,420,405 · Revenue $1,161,061
-
ORGANIZATIONAL ADVANCEMENT: THE ASSOCIATION DEVELOPS AND PRODUCES PUBLICATIONS AND OTHER TYPES OF LITERATURE RELATING TO TEACHER EDUCATION. ALSO, UPON REQUEST, THE ASSOCIATION COLLECTS AND PROVIDES INFORMATION OF SPECIAL INTEREST TO THE MEMBERSHIP AND THOSE IN THE PROFESSION.
Expenses $568,824 · Revenue $243,033
-
MEMBERSHIPS: AACTE MEMBERSHIP HELPS MEMBERS BROADEN THEIR KNOWLEDGE TO ADDRESS CURRENT CHALLENGES AND PROVIDES OPPORTUNITIES TO NETWORK WITH PROFESSIONALS WITH COMMON INTERESTS AND GOALS TO ENRICH THEIR DEVELOPMENT. MEMBERS RECEIVE EXCLUSIVE ACCESS TO FREE OR DISCOUNTED FEES FOR A RANGE OF PROGRAMS, EVENTS, PRODUCTS, AND SERVICES: INCLUDING JOURNAL SUBSCRIPTIONS, A MEMBERSHIP DIRECTORY, PROFESSIONAL DEVELOPMENT TRAININGS AND WEBINARS, ADVOCACY RESOURCES, LEADERSHIP OPPORTUNITIES, AND DOZENS OF TOOLKITS, GUIDES, AND ASSESSMENT MATERIALS.
Expenses $517,676 · Revenue $2,976,311
-
GOVERNMENT RELATIONS: THE ASSOCIATION COLLECTS AND COMMUNICATES TO ITS MEMBERS, INFORMATION ON THE ACTIVITIES OF THE FEDERAL AND STATE GOVERNMENTS, WHICH WILL HAVE AN IMPACT ON TEACHER EDUCATION AND BE OF COMMON INTEREST TO THE COLLEGES AND UNIVERSITIES.
Expenses $372,309 · Revenue $46,988
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LYNN GANGONE
PRESIDENT AND CEO TO SEP 2024
- Total calculated
- $506,458
- From this org
- $449,834
- From related orgs
- $0
- Other
- $56,624
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $279,775
- Bonus
- $125,358
- Other
- $44,701
- Deferred
- $25,572
- Nontaxable benefits
- $31,052
- Filer's total
- $506,458
-
MARTA DRAKE
CHIEF OPERATING OFFICER, INTERIM CEO
- Total calculated
- $273,913
- From this org
- $214,378
- From related orgs
- $0
- Other
- $59,535
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $213,964
- Bonus
- $0
- Other
- $414
- Deferred
- $9,692
- Nontaxable benefits
- $49,843
- Filer's total
- $273,913
-
KATRINA NORFLEET
VP, MARKETING AND COMMUNICATIONS
- Total calculated
- $133,947
- From this org
- $114,272
- From related orgs
- $0
- Other
- $19,675
- Hours/week
- 37.5
-
MARQUITA GRENOT-SCHEYER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ANNE R TAPP JASKA
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
MONIKA WILLIAMS SHEALEY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LOURY FLOYD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MARVIN LYNN
SECRETARY TO FEB 2024
- Total calculated
- $0
- Hours/week
- 1
-
LOLETA SARTIN
AT-LARGE MEMBER, EXECUTIVE CMTE.
- Total calculated
- $0
- Hours/week
- 1
-
STACEY L VICTOR
AT-LARGE MEMBER, EXECUTIVE CMTE.
- Total calculated
- $0
- Hours/week
- 1
-
LAURA ALAMILLO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CAROLE G BASILE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL DANTLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN DUKE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHANDRA J FOOTE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
YOLANDA M GALLARDO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINE GOROWARA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GAYLE E HUTCHINSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TAMBRA O JACKSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RHONDA F JETER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK NOOK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARCIE WYCOFF-HORN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GLADIS KERSAINT
MEMBER TO FEB 2024
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542889349300039
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