Form 990 for tax year 2023
Filed by ASSOCIATION OF PROPRIETARY COLLEGES.
Totals
- Total revenue
- $839,766
- Total expenses
- $814,513
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $792,130
- Investment income
- $47,636
- Other revenue
- $0
- Total assets, end of year
- $1,243,718
- Total liabilities, end of year
- $75,835
- Net assets or fund balances, end of year
- $1,167,883
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $772,280 · related or exempt $772,280
-
2b · Program service revenue: MEETINGS
total $19,850 · related or exempt $19,850
-
3 · Investment income
total $30,613 · excluded $30,613
-
7a · Gross sales of assets other than inventory
securities $426,893
-
7b · Less cost or other basis and sales expenses
securities $409,870
-
7c · Gain or loss
securities $17,023
-
7d · Net gain or loss
total $17,023 · excluded $17,023
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $117,875
-
9 · Other employee benefits
total $12,548
-
10 · Payroll taxes
total $5,935
-
11b · Fees: legal
total $54,158
-
11c · Fees: accounting
total $8,850
-
11d · Fees: lobbying
total $113,526
-
11f · Fees: investment management
total $9,665
-
11g · Fees: other
total $267,104
-
12 · Advertising and promotion
total $103,857
-
13 · Office expenses
total $778
-
16 · Occupancy
total $4,527
-
17 · Travel
total $7,373
-
19 · Conferences, conventions and meetings
total $92,213
-
22 · Depreciation, depletion and amortization
total $449
-
23 · Insurance
total $3,100
-
24a · Other expenses: SUBSCRIP AND MEMBERSHIP
total $56,767
-
24b · Other expenses: OFFICER WAGES (FISCAL YR)
total -$44,212
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,751 · end of year $20,062
-
2 · Savings and temporary cash investments
beginning of year $98,747 · end of year $151,391
-
4 · Accounts receivable
beginning of year $58,000
-
9 · Prepaid expenses and deferred charges
beginning of year $40,110
-
10a · Land, buildings and equipment: cost or other basis
$4,522
-
10b · Land, buildings and equipment: accumulated depreciation
$3,139
-
10c · Land, buildings and equipment, net
beginning of year $1,832 · end of year $1,383
-
11 · Investments: publicly traded securities
beginning of year $911,561 · end of year $1,070,882
-
15 · Other assets
beginning of year $15,164
-
17 · Accounts payable and accrued expenses
beginning of year $101,733 · end of year $75,835
-
25 · Other liabilities
beginning of year $15,164
-
27 · Net assets without donor restrictions
beginning of year $1,021,268 · end of year $1,167,883
Mission and programs · 2023
Mission
APC COLLEGES EDUCATE DIVERSE STUDENT BODIES WITH THE KNOWLEDGE AND COMPETENCIES NEEDED FOR TOMORROW'S CAREERS. WORKING CLOSELY WITH THE COMMUNITY EMPLOYERS, OUR INSTITUTIONS DEVELOP RELEVANT AND MEANINGFUL CURRICULA FOR AN INCREASINGLY COMPETITIVE MARKETPLACE. THIS MISSION IS GROUNDED IN APC'S COMMITMENT TO HIGH EDUCATIONAL STANDARDS THROUGH ASSESSMENT OF MEASURABLE INSTITUTIONAL OUTCOMES THAT ENSURE SIGNIFICANT AND SUSTAINABLE CONTRIBUTIONS TO THE ECONOMIC GROWTH OF NEW YORK STATE.
-
TO PROMOTE HIGHER EDUCATION THROUGH A VARIETY OF ACTIVITIES SPONSORED BY APPROXIMATELY ELEVEN COLLEGES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Donna Stelling-GurnettDONNA STELLING-GURNETT
PRESIDENT &
- Total calculated
- $129,873
- From this org
- $117,875
- From related orgs
- $0
- Other
- $11,998
- Hours/week
- 40
-
David CohenDAVID COHEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth MarcuseELIZABETH MARCUSE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mary Beth Del BalzoMARY BETH DEL BALZO
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Timothy LuingTIMOTHY LUING
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Charles E Callahan IIICHARLES E CALLAHAN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James DilibertoJAMES DILIBERTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marc JeromeMARC JEROME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David RhodesDAVID RHODES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris GeraceCHRIS GERACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Douglas JordanDOUGLAS JORDAN
TRUSTEE
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520839349300907
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