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← AMERICAN COUNCIL OF TRUSTEES AND ALUMNI

Form 990 for tax year 2022

Filed by AMERICAN COUNCIL OF TRUSTEES AND ALUMNI.

Totals

Total revenue
$4,303,023
Total expenses
$5,060,720
Contributions and grants received
$4,274,729
Grants paid
$0
Program service revenue
$14,451
Investment income
$11,563
Other revenue
$2,280
Total assets, end of year
$6,178,147
Total liabilities, end of year
$384,912
Net assets or fund balances, end of year
$5,793,235
Program services expenses (Part IX)
$4,679,051
Management and general expenses
$354,327
Fundraising expenses
$27,342
Program service expenses (Part III)
$4,679,051

Program services were 92.5% 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

    $4,274,729

  • 2a · Program service revenue: REGISTRATION INCOME

    total $14,451 · related or exempt $14,451

  • 3 · Investment income

    total $11,276 · excluded $11,276

  • 7a · Gross sales of assets other than inventory

    securities $13,234

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

    securities $12,947

  • 7c · Gain or loss

    securities $287

  • 7d · Net gain or loss

    total $287 · related or exempt $287

  • 11a · Other revenue: MISCELLANEOUS

    total $2,280 · excluded $2,280

  • 11e · Other revenue, total

    $2,280

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $895,970 · program services $833,253 · management and general $62,717

  • 7 · Other salaries and wages

    total $1,536,536 · program services $1,428,979 · management and general $107,557

  • 9 · Other employee benefits

    total $336,005 · program services $312,485 · management and general $23,520

  • 10 · Payroll taxes

    total $184,777 · program services $171,843 · management and general $12,934

  • 11b · Fees: legal

    total $114,715 · program services $114,715

  • 11c · Fees: accounting

    total $17,404 · management and general $17,404

  • 11g · Fees: other

    total $502,201 · program services $472,173 · management and general $30,028

  • 12 · Advertising and promotion

    total $154,141 · program services $116,009 · management and general $10,790 · fundraising $27,342

  • 13 · Office expenses

    total $42,202 · program services $39,247 · management and general $2,955

  • 16 · Occupancy

    total $346,680 · program services $322,412 · management and general $24,268

  • 17 · Travel

    total $133,143 · program services $123,823 · management and general $9,320

  • 19 · Conferences, conventions and meetings

    total $311,232 · program services $289,446 · management and general $21,786

  • 22 · Depreciation, depletion and amortization

    total $84,660 · program services $78,734 · management and general $5,926

  • 23 · Insurance

    total $6,544 · program services $6,086 · management and general $458

  • 24a · Other expenses: PRINTING AND MAILING

    total $163,593 · program services $152,141 · management and general $11,452

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $82,186 · program services $76,433 · management and general $5,753

  • 24c · Other expenses: WEBSITE MAINTENANCE

    total $60,218 · program services $56,002 · management and general $4,216

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total $46,324 · program services $43,081 · management and general $3,243

  • 24e · All other expenses

    total $42,189 · program services $42,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,952,870 · end of year $2,065,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,635 · end of year $92,283

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

    $850,378

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

    $420,131

  • 10c · Land, buildings and equipment, net

    beginning of year $461,708 · end of year $430,247

  • 12 · Investments: other securities

    beginning of year $574,077 · end of year $3,564,441

  • 15 · Other assets

    beginning of year $25,843 · end of year $25,843

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,238 · end of year $111,167

  • 25 · Other liabilities

    beginning of year $266,981 · end of year $273,745

  • 27 · Net assets without donor restrictions

    beginning of year $5,350,766 · end of year $4,621,153

  • 28 · Net assets with donor restrictions

    beginning of year $1,412,148 · end of year $1,172,082

Mission and programs · 2022

Mission

TO EDUCATE ALUMNI, TRUSTEES, AND OTHERS ABOUT THE BENEFITS OF HIGHER EDUCATION.

Activities or mission (Part I)

TO EDUCATE ALUMNI, TRUSTEES AND OTHERS ABOUT HIGHER EDUCATION.

  • DISSEMINATION OF EDUCATIONAL INFORMATION AND MATERIAL TO ALUMNI, TRUSTEES AND OTHER INTERESTED MEMBERS OF THE PUBLIC REGARDING HIGHER EDUCATION, AND TO BOLSTER THEIR EFFORTS TO ENCOURAGE ACADEMIC FREEDOM AND EXCELLENCE IN INSTITUTES OF HIGHER EDUCATION.( ONLY ONE PROGRAM)

    Expenses $4,679,051

As filed on the 2022 return.

Listed in Part VII

  • John W Altman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Karrin Taylor Robson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Rogers Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul S Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heidi Ganahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert T Lewit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stuart Taylor Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edwin D Williamson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Stephen J Trachtenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Ridenour

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Armand Balacbay

    CHIEF OF STAFF/SR VP OF STRATEGY

    Total calculated
    $143,989
    From this org
    $137,700
    From related orgs
    $0
    Other
    $6,289
    Hours/week
    40

  • Michael A Deshaies

    VP OF DEVELOPMENT

    Total calculated
    $170,201
    From this org
    $141,874
    From related orgs
    $0
    Other
    $28,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,874
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,327
    Filer's total
    $170,201

  • Douglas Sprei

    VP OF MULTIMEDIA AND CAMPUS PARTNERSHIPS

    Total calculated
    $135,765
    From this org
    $118,873
    From related orgs
    $0
    Other
    $16,892
    Hours/week
    40

  • Lauri Kempson

    SR VP OF FINANCE/COO

    Total calculated
    $243,455
    From this org
    $212,415
    From related orgs
    $0
    Other
    $31,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,415
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,040
    Filer's total
    $243,455

  • Michael B Poliakoff

    PRESIDENT/CEO

    Total calculated
    $340,679
    From this org
    $291,558
    From related orgs
    $0
    Other
    $49,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,558
    Bonus
    $0
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $28,621
    Filer's total
    $340,679

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 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
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202311359349313661

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