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← AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF

Form 990 for tax year 2024

Filed by AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF.

Totals

Total revenue
$29,235,633
Total expenses
$26,145,867
Contributions and grants received
$8,535,422
Grants paid
$113,523
Program service revenue
$18,603,947
Investment income
$2,084,226
Other revenue
$12,038
Total assets, end of year
$50,688,998
Total liabilities, end of year
$22,934,457
Net assets or fund balances, end of year
$27,754,541
Program services expenses (Part IX)
$17,709,949
Management and general expenses
$8,435,918
Fundraising expenses
$0
Program service expenses (Part III)
$17,709,949

Program services were 67.7% 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

    $7,609,550

  • 1f · All other contributions, gifts and grants

    $925,872

  • 2a · Program service revenue: ACCREDITATION FEES

    total $11,632,868 · related or exempt $11,632,868

  • 2b · Program service revenue: REGISTRATION FEES

    total $6,162,182 · related or exempt $6,162,182

  • 2c · Program service revenue: CONFERENCE EXHIBIT & SPONSORSHIP

    total $676,103 · related or exempt $676,103

  • 2d · Program service revenue: ADVOCACY & AWARENESS

    total $124,676 · related or exempt $124,676

  • 2e · Program service revenue: BUSINESS EDUCATION SERVICES

    total $8,118 · related or exempt $8,118

  • 3 · Investment income

    total $1,238,916 · excluded $1,238,916

  • 7a · Gross sales of assets other than inventory

    securities $22,800,617

  • 7b · Less cost or other basis and sales expenses

    securities $21,843,063 · other assets $112,244

  • 7c · Gain or loss

    securities $957,554 · other assets -$112,244

  • 7d · Net gain or loss

    total $845,310 · excluded $845,310

  • 11a · Other revenue: REFUNDS

    total $12,038 · excluded $12,038

  • 11e · Other revenue, total

    $12,038

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,523 · program services $113,523

  • 7 · Other salaries and wages

    total $10,685,282 · program services $6,962,706 · management and general $3,722,576

  • 8 · Pension plan contributions

    total $342,609 · program services $223,119 · management and general $119,490

  • 9 · Other employee benefits

    total $1,320,396 · program services $859,888 · management and general $460,508

  • 10 · Payroll taxes

    total $572,818 · program services $373,039 · management and general $199,779

  • 11b · Fees: legal

    total $71,693 · program services $46,689 · management and general $25,004

  • 11c · Fees: accounting

    total $88,123 · program services $57,389 · management and general $30,734

  • 11f · Fees: investment management

    total $154,793 · management and general $154,793

  • 11g · Fees: other

    total $353,729 · program services $302,287 · management and general $51,442

  • 12 · Advertising and promotion

    total $607,836 · program services $96,570 · management and general $511,266

  • 13 · Office expenses

    total $314,715 · program services $239,072 · management and general $75,643

  • 14 · Information technology

    total $2,995,382 · program services $1,953,395 · management and general $1,041,987

  • 16 · Occupancy

    total $301,621 · program services $196,426 · management and general $105,195

  • 17 · Travel

    total $954,897 · program services $895,355 · management and general $59,542

  • 19 · Conferences, conventions and meetings

    total $4,542,860 · program services $3,647,777 · management and general $895,083

  • 22 · Depreciation, depletion and amortization

    total $1,493,729 · program services $981,487 · management and general $512,242

  • 23 · Insurance

    total $132,809 · program services $86,490 · management and general $46,319

  • 24a · Other expenses: CARD & BANK FEES

    total $414,041 · program services $414,041

  • 24b · Other expenses: ADVOCACY & AWARENESS

    total $374,997 · management and general $374,997

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $132,870 · program services $104,867 · management and general $28,003

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $68,196 · program services $68,196

  • 24e · All other expenses

    total $108,948 · program services $87,633 · management and general $21,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,074,028 · end of year $6,172,088

  • 4 · Accounts receivable

    beginning of year $247,125 · end of year $245,961

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,488,959 · end of year $1,121,225

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

    $6,232,312

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

    $4,969,132

  • 10c · Land, buildings and equipment, net

    beginning of year $1,326,884 · end of year $1,263,180

  • 11 · Investments: publicly traded securities

    beginning of year $34,339,444 · end of year $38,023,238

  • 15 · Other assets

    beginning of year $4,701,993 · end of year $3,863,306

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,895,756 · end of year $2,102,631

  • 19 · Deferred revenue

    beginning of year $14,509,749 · end of year $16,072,415

  • 25 · Other liabilities

    beginning of year $5,736,774 · end of year $4,759,411

  • 27 · Net assets without donor restrictions

    beginning of year $24,036,154 · end of year $27,754,541

Mission and programs · 2024

Mission

AACSB INTERNATIONAL PROVIDES QUALITY ASSURANCE OF BUSINESS SCHOOL PROGRAMS, THE LATEST IN BUSINESS EDUCATION INTELLIGENCE, THOUGHT LEADERSHIP, AND LEARNING AND DEVELOPMENT SERVICES.

  • LEARNING AND DEVELOPMENT SERVICES - CONTRIBUTES TO THE IMPROVEMENT OF ADMINISTRATION, TEACHING, AND RESEARCH IN HIGHER EDUCATION BY PROVIDING INFORMATION AND TRAINING TO BUSINESS SCHOOL ADMINISTRATORS, EDUCATORS, AND GENERAL PUBLIC ON RELEVANT TOPICS.

    Expenses $6,612,961 · Revenue $6,162,182

  • ACCREDITATION - ENSURES QUALITY IN COLLEGIATE SCHOOLS OF BUSINESS BY ESTABLISHING CERTAIN MINIMUM STANDARDS BY WHICH INSTITUTIONS ARE EVALUATED THROUGH A VOLUNTARY PEER REVIEW PROCESS. SERVICE IS AVAILABLE TO ANY UNIVERSITY OR COLLEGE OFFERING A BACHELOR'S/GRADUATE DEGREE IN BUSINESS.

    Expenses $4,717,066 · Revenue $11,632,868

  • BUSINESS EDUCATION INTELLIGENCE, ADVOCACY AND BUSINESS EDUCATION ALLIANCE SHARING DIVERSE INSIGHTS, BEST PRACTICES, AND IMPACTFUL RESEARCH THAT ADVANCES BUSINESS EDUCATION AND THE VALUE OF AACSB ACCREDITATION AROUND THE WORLD. AACSB IS THE LEADING ADVOCATE FOR BUSINESS SCHOOLS' QUALITY, RELEVANCE, AND POSITIVE IMPACT IN SOCIETY THROUGH RESEARCH, THOUGHT LEADERSHIP, INNOVATION, INFLUENCE, AND DATA ANALYTICS PROVIDED TO MEMBERS.

    Expenses $6,379,922 · Grants $113,523 · Revenue $808,897

As filed on the 2024 return.

Listed in Part VII

  • Ying Bi

    PRESIDENT AND CEO

    Total calculated
    $713,534
    From this org
    $612,188
    From related orgs
    $0
    Other
    $101,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,385
    Bonus
    $78,000
    Other
    $80,803
    Deferred
    $50,000
    Nontaxable benefits
    $51,346
    Filer's total
    $713,534

  • Sherif Kamel

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Strawser

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ian Williamson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alexander Triantis

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Adler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lailani Lanesa Alcantara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • McRae Banks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luiz A Brito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Buckless

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Caplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Chacko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isabelle Chaquiriand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne-Marie Croteau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Farrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Fournier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thami Ghorfi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paulo Goes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Gudmundsson

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Ann Harrison

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • Marielle Heijltjes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Hinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Karolyi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Kearins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Xiongwen Lu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicolaj Malchow-Moller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Delphine Manceau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Mollgaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Ordonez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rowena Ortiz-Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ritter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vance Roley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vallabh Sambamurthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kar Yan Tam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Francisco Veloso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Bosland

    EVP, COO/CFO

    Total calculated
    $468,374
    From this org
    $423,820
    From related orgs
    $0
    Other
    $44,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,628
    Bonus
    $38,000
    Other
    $60,192
    Deferred
    $0
    Nontaxable benefits
    $44,554
    Filer's total
    $468,374

  • Geoff Perry

    EVP, CHIEF OFFICER ASIA PACIFIC

    Total calculated
    $462,103
    From this org
    $457,150
    From related orgs
    $0
    Other
    $4,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $33,678
    Other
    $58,472
    Deferred
    $0
    Nontaxable benefits
    $4,953
    Filer's total
    $462,103

  • Stephanie Bryant

    EVP, CHIEF ACCREDITATION OFFICER

    Total calculated
    $451,663
    From this org
    $407,013
    From related orgs
    $0
    Other
    $44,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,746
    Bonus
    $38,000
    Other
    $62,267
    Deferred
    $0
    Nontaxable benefits
    $44,650
    Filer's total
    $451,663

  • Beverly Daniel

    VICE PRESIDENT OF HR & FACILITIES

    Total calculated
    $257,552
    From this org
    $242,429
    From related orgs
    $0
    Other
    $15,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,046
    Bonus
    $21,000
    Other
    $34,383
    Deferred
    $0
    Nontaxable benefits
    $15,123
    Filer's total
    $257,552

  • Nicholas Igneri

    SVP, CHIEF LEARNING OFFICER - PART YEAR

    Total calculated
    $379,670
    From this org
    $379,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $76,427
    Bonus
    $25,250
    Other
    $277,993
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $379,670

  • Damion Dam

    DIR. OF FINANCIAL & ACCOUNTING STRATEGY

    Total calculated
    $307,307
    From this org
    $274,011
    From related orgs
    $0
    Other
    $33,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,629
    Bonus
    $80,000
    Other
    $15,382
    Deferred
    $0
    Nontaxable benefits
    $33,296
    Filer's total
    $307,307

  • Al Renshaw

    SVP, CMO - PART YEAR

    Total calculated
    $340,579
    From this org
    $340,579
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $36,100
    Bonus
    $27,250
    Other
    $277,229
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $340,579

  • Ron Tuninga

    SVP, DIR. OF EMEA - PART YEAR

    Total calculated
    $420,858
    From this org
    $408,374
    From related orgs
    $0
    Other
    $12,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,374
    Bonus
    $0
    Other
    $300,000
    Deferred
    $0
    Nontaxable benefits
    $12,484
    Filer's total
    $420,858

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE HOUSING ALLOWANCE IS PROVIDED TO EXPATRIATE EMPLOYEES WHILE RESIDING AND WORKING IN A FOREIGN COUNTRY. THE TAX INDEMNIFICATION AND GROSS UP IS RELATED TO RELOCATION EXPENSES PROVIDED TO A SENIOR EXECUTIVE.
PART I, LINE 4A
THE FOLLOWING PEOPLE RECEIVED SEVERANCE DURING THE YEAR: -NICHOLAS IGNERI - $275,000 - AL RENSHAW - $275,000 - RON TUNINGA - $300,000

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AACSB INTERNATIONAL LTD

    ACCREDITATION SERVICES · SN · income $0

    Directly controlled by AACSB INTERNATIONAL

Provenance

Return type
form_990
Tax year
2024
Filed
11 February 2026
IRS schema version
2024v5.5
Source object
202600449349301145

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