Skip to content
Nonprofiteer
← AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF

Form 990 for tax year 2023

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

Totals

Total revenue
$28,463,824
Total expenses
$26,593,864
Contributions and grants received
$8,332,495
Grants paid
$172,518
Program service revenue
$18,246,108
Investment income
$1,873,221
Other revenue
$12,000
Total assets, end of year
$47,178,433
Total liabilities, end of year
$23,142,279
Net assets or fund balances, end of year
$24,036,154
Program services expenses (Part IX)
$18,428,437
Management and general expenses
$8,165,427
Fundraising expenses
$0
Program service expenses (Part III)
$18,428,437

Program services were 69.3% 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

    $7,366,005

  • 1f · All other contributions, gifts and grants

    $966,490

  • 2a · Program service revenue: ACCREDITATION FEES

    total $11,106,584 · related or exempt $11,106,584

  • 2b · Program service revenue: REGISTRATION FEES

    total $6,261,744 · related or exempt $6,261,744

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

    total $697,485 · related or exempt $697,485

  • 2d · Program service revenue: ADVOCACY & AWARENESS

    total $160,125 · related or exempt $160,125

  • 2e · Program service revenue: BUSINESS EDUCATION SERVICES

    total $20,170 · related or exempt $20,170

  • 3 · Investment income

    total $1,187,268 · excluded $1,187,268

  • 7a · Gross sales of assets other than inventory

    securities $24,199,758

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

    securities $23,513,805

  • 7c · Gain or loss

    securities $685,953

  • 7d · Net gain or loss

    total $685,953 · excluded $685,953

  • 11a · Other revenue: REFUND

    total $12,000 · excluded $12,000

  • 11e · Other revenue, total

    $12,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,000 · program services $115,000

  • 3 · Grants to foreign organizations and individuals

    total $57,518 · program services $57,518

  • 5 · Compensation of officers, directors and key employees

    total $1,778,390 · management and general $1,778,390

  • 7 · Other salaries and wages

    total $9,510,358 · program services $7,611,935 · management and general $1,898,423

  • 8 · Pension plan contributions

    total $263,016 · program services $217,569 · management and general $45,447

  • 9 · Other employee benefits

    total $1,298,547 · program services $912,137 · management and general $386,410

  • 10 · Payroll taxes

    total $520,889 · program services $354,335 · management and general $166,554

  • 11b · Fees: legal

    total $75,831 · program services $51,584 · management and general $24,247

  • 11c · Fees: accounting

    total $113,432 · program services $77,162 · management and general $36,270

  • 11f · Fees: investment management

    total $223,910 · management and general $223,910

  • 11g · Fees: other

    total $741,463 · program services $722,316 · management and general $19,147

  • 12 · Advertising and promotion

    total $628,265 · program services $148,838 · management and general $479,427

  • 13 · Office expenses

    total $206,308 · program services $148,465 · management and general $57,843

  • 14 · Information technology

    total $2,824,562 · program services $1,924,444 · management and general $900,118

  • 16 · Occupancy

    total $154,521 · program services $105,113 · management and general $49,408

  • 17 · Travel

    total $880,767 · program services $832,294 · management and general $48,473

  • 19 · Conferences, conventions and meetings

    total $3,991,637 · program services $3,119,295 · management and general $872,342

  • 22 · Depreciation, depletion and amortization

    total $1,943,603 · program services $1,331,600 · management and general $612,003

  • 23 · Insurance

    total $102,818 · program services $69,942 · management and general $32,876

  • 24a · Other expenses: ADVOCACY & AWARENESS

    total $494,926 · management and general $494,926

  • 24b · Other expenses: CARD & BANK FEES

    total $456,284 · program services $456,284

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $91,732 · program services $81,105 · management and general $10,627

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $43,780 · program services $43,780

  • 24e · All other expenses

    total $76,307 · program services $47,721 · management and general $28,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,328,483 · end of year $5,074,028

  • 2 · Savings and temporary cash investments

    beginning of year $1,884,145 · end of year $0

  • 4 · Accounts receivable

    beginning of year $240,278 · end of year $247,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $745,630 · end of year $1,488,959

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

    $6,775,705

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

    $5,448,821

  • 10c · Land, buildings and equipment, net

    beginning of year $2,235,456 · end of year $1,326,884

  • 11 · Investments: publicly traded securities

    beginning of year $22,128,297 · end of year $34,339,444

  • 12 · Investments: other securities

    beginning of year $952,633

  • 15 · Other assets

    beginning of year $5,509,534 · end of year $4,701,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,617,672 · end of year $2,895,756

  • 19 · Deferred revenue

    beginning of year $12,310,530 · end of year $14,509,749

  • 25 · Other liabilities

    beginning of year $6,643,453 · end of year $5,736,774

  • 27 · Net assets without donor restrictions

    beginning of year $21,452,801 · end of year $24,036,154

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 $6,881,248 · Revenue $6,261,744

  • 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 $4,908,436 · Revenue $11,106,584

  • 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 $6,638,753 · Grants $172,518 · Revenue $877,780

As filed on the 2023 return.

Listed in Part VII

  • Ying Bi

    PRESIDENT & CEO

    Total calculated
    $288,295
    From this org
    $276,099
    From related orgs
    $0
    Other
    $12,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $0
    Other
    $6,099
    Deferred
    $0
    Nontaxable benefits
    $12,196
    Filer's total
    $288,295

  • Joyce Strawser

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alexander Triantis

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Donald Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • McRae Banks

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Luiz Brito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Caplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne-Marie Croteau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Farrekk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Fournier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paulo Goes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Hinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole T Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherif Kamel

    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

  • Nikolaj Malchow-Moller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Delphine Manceau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen McAuliffe

    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

  • Vance Roley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vallabh Sambamurthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lailani Laynesa Alcantara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kar Yan Tam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Adler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fransico Veloso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Bosland

    EVP, COO/CFO

    Total calculated
    $452,751
    From this org
    $411,173
    From related orgs
    $0
    Other
    $41,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,000
    Bonus
    $30,400
    Other
    $773
    Deferred
    $16,500
    Nontaxable benefits
    $25,078
    Filer's total
    $452,751

  • Geoff Perry

    EVP, CHIEF OFFICER ASIA PACIFIC

    Total calculated
    $413,810
    From this org
    $395,000
    From related orgs
    $0
    Other
    $18,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,000
    Bonus
    $35,000
    Other
    $0
    Deferred
    $13,780
    Nontaxable benefits
    $5,030
    Filer's total
    $413,810

  • Stephanie Bryant

    EVP, CHIEF ACCREDITATION OFFICER

    Total calculated
    $430,016
    From this org
    $388,800
    From related orgs
    $0
    Other
    $41,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,000
    Bonus
    $28,800
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $24,716
    Filer's total
    $430,016

  • Nick Igneri

    SVP, CHIEF LEARNING OFFICER

    Total calculated
    $364,283
    From this org
    $324,000
    From related orgs
    $0
    Other
    $40,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $24,000
    Other
    $0
    Deferred
    $16,200
    Nontaxable benefits
    $24,083
    Filer's total
    $364,283

  • Al Renshaw

    VP, CMO

    Total calculated
    $344,530
    From this org
    $297,000
    From related orgs
    $0
    Other
    $47,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $22,000
    Other
    $0
    Deferred
    $14,850
    Nontaxable benefits
    $32,680
    Filer's total
    $344,530

  • Beverly Daniel

    DIRECTOR, HR & GOVERNANCE

    Total calculated
    $250,733
    From this org
    $235,938
    From related orgs
    $0
    Other
    $14,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,786
    Bonus
    $17,500
    Other
    $652
    Deferred
    $11,800
    Nontaxable benefits
    $2,995
    Filer's total
    $250,733

  • Rebecca Gann

    VP, GLOBAL MEMBERSHIP

    Total calculated
    $234,814
    From this org
    $194,501
    From related orgs
    $0
    Other
    $40,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,214
    Bonus
    $14,100
    Other
    $4,187
    Deferred
    $7,612
    Nontaxable benefits
    $32,701
    Filer's total
    $234,814

  • Ginger Ausloos

    VP, INFORMATION TECHNOLOGY

    Total calculated
    $250,469
    From this org
    $214,345
    From related orgs
    $0
    Other
    $36,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,995
    Bonus
    $16,350
    Other
    $0
    Deferred
    $11,779
    Nontaxable benefits
    $24,345
    Filer's total
    $250,469

  • Caryn Beck-Dudley

    PRESIDENT & CEO - FORMER

    Total calculated
    $214,145
    From this org
    $200,417
    From related orgs
    $0
    Other
    $13,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,157
    Bonus
    $0
    Other
    $34,260
    Deferred
    $8,300
    Nontaxable benefits
    $5,428
    Filer's total
    $214,145

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 SEVERENCE PAYMENTS DURING THE YEAR: REBECCA GANN - $67,775

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 · assets $0

    Directly controlled by AACSB INTERNATIONAL

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202500779349300445

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.