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Nonprofiteer
← INTERNATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING INC

Form 990 for tax year 2023

Filed by INTERNATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING INC.

Totals

Total revenue
$1,493,011
Total expenses
$1,325,802
Contributions and grants received
$341,827
Grants paid
$0
Program service revenue
$1,025,725
Investment income
$125,459
Other revenue
$0
Total assets, end of year
$1,963,373
Total liabilities, end of year
$19,654
Net assets or fund balances, end of year
$1,943,719
Program services expenses (Part IX)
$1,111,967
Management and general expenses
$213,835
Fundraising expenses
$0
Program service expenses (Part III)
$1,111,967

Program services were 83.9% 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.

  • 1b · Membership dues

    $341,827

  • 2a · Program service revenue: ANNUAL CONFERENCE REVE

    total $944,218 · related or exempt $944,218

  • 2b · Program service revenue: REGIONAL INST REVENUE

    total $53,565 · related or exempt $53,565

  • 2c · Program service revenue: MISC EVENT REVENUE

    total $14,442 · related or exempt $14,442

  • 2d · Program service revenue: GLOBAL FUND EVENT REVE

    total $13,500 · related or exempt $13,500

  • 3 · Investment income

    total $125,459 · related or exempt $125,459

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $76,500 · management and general $76,500

  • 7 · Other salaries and wages

    total $120,547 · program services $120,547

  • 8 · Pension plan contributions

    total $4,619 · program services $4,619

  • 10 · Payroll taxes

    total $15,463 · program services $15,463

  • 11b · Fees: legal

    total $4,435 · management and general $4,435

  • 11c · Fees: accounting

    total $32,985 · management and general $32,985

  • 13 · Office expenses

    total $85,550 · program services $673 · management and general $84,877

  • 16 · Occupancy

    total $2,961 · program services $2,961

  • 17 · Travel

    total $99,182 · program services $99,182

  • 19 · Conferences, conventions and meetings

    total $858,676 · program services $858,676

  • 23 · Insurance

    total $15,038 · management and general $15,038

  • 24a · Other expenses: MEALS

    total $6,525 · program services $6,525

  • 24b · Other expenses: ACCRUAL TO CASH ADJUSTM

    total $2,713 · program services $2,713

  • 24c · Other expenses: NACAC GRANT FUND EXPEND

    total $608 · program services $608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,106 · end of year $705,746

  • 2 · Savings and temporary cash investments

    beginning of year $1,465,630 · end of year $1,257,627

  • 10a · Land, buildings and equipment: cost or other basis

    $6,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,705

  • 10c · Land, buildings and equipment, net

    beginning of year $338 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,564 · end of year $19,654

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,776,510 · end of year $1,943,719

Mission and programs · 2023

Mission

THE MISSION OF THE INTERNATIONAL ASSOC. FOR COLLEGE ADMISSION COUNSELING IS TO FACILITATE GLOBAL INTERACTION AMONG COUNSELORS AND INSTITUTIONS IN SUPPORT OF STUDENTS IN THEIR TRANSITION FROM SECONDARY TO HIGHER EDUCATION.

  • SUMMER ANNUAL EDUCATION CONFERENCE IS TYPICALLY ATTENDED BY OVER 1,200 MEMBERS.

    Expenses $789,081 · Revenue $944,218

  • THE SCHOLAR FUND PROVIDED SCHOLARSHIPS FOR TRAINING AND ANNUAL CONFERENCE ATTENDANCE TO COUNSELORS WORKING TO PROVIDE OPPORTUNITIES TO THE NEEDIEST STUDENTS AROUND THE WORLD. THE GLOBAL FUND REPRESENTS THE ASSOCIATION'S COMMITMENT TO PROVIDING RESOURCES AND SUPPORTING OPPORTUNITIES FOR ITS MEMBERS. FUNDING IS PROVIDED FOR OPPORTUNITY GRANTS, CONFERENCE BURSARIES, AND THE SCHOLAR PROGRAM. IACAC REGIONAL INSTITUTES OPERATE ON A TWICE-YEARLY, ROTATING THREE-YEAR SCHEDULE. EACH INSTITUTE IS HELD AT A MEMBER HIGH SCHOOL OR UNIVERSITY IN A SPECIFIC REGION.

    Expenses $69,596 · Revenue $31,506

  • Expenses $253,290

As filed on the 2023 return.

Listed in Part VII

  • Michelle Chow-Liu

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Kristoffer Toribio

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Wilson Lee

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0

  • Ruby Bhattacharya

    VP FOR ADMISSION

    Total calculated
    $0
    Hours/week
    0

  • Daniel Marschner

    VP FOR ADVOCACY

    Total calculated
    $0
    Hours/week
    0

  • Luke Devlin

    VP FOR COMMUNICATIONS

    Total calculated
    $0
    Hours/week
    0

  • Isthier Chaudhury

    VP FOR DIVERSITY

    Total calculated
    $0
    Hours/week
    0

  • Shilpa Gupta

    VP FOR FINANCE

    Total calculated
    $0
    Hours/week
    0

  • Joyce Agyare

    VP FOR INCLUSION

    Total calculated
    $0
    Hours/week
    0

  • Kate McKeen

    VP FOR MEMBERSHIP

    Total calculated
    $0
    Hours/week
    0

  • Marsha Oshima

    VP FOR PROF DEVELOPMENT

    Total calculated
    $0
    Hours/week
    0

  • Erin Garcia

    EXECUTIVE DIRECTOR

    Total calculated
    $76,500
    From this org
    $76,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202433069349300528

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