Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,358,720

• 2a · Program service revenue: MEMBERSHIP DUES

  total $6,058,639 · related or exempt $6,058,639

• 2b · Program service revenue: CONSULTING INCOME

  total $1,491,159 · related or exempt $1,491,159

• 2c · Program service revenue: SPONSORSHIPS

  total $1,212,800 · excluded $1,212,800

• 2d · Program service revenue: MEETINGS

  total $1,037,233 · related or exempt $1,037,233

• 2e · Program service revenue: CONTRACTS

  total $220,370 · related or exempt $220,370

• 2f · All other program service revenue

  total $11,662 · related or exempt $11,662

• 3 · Investment income

  total $711,483 · excluded $711,483

• 7a · Gross sales of assets other than inventory

  securities $21,501,939

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

  securities $20,746,207

• 7c · Gain or loss

  securities $755,732

• 7d · Net gain or loss

  total $755,732 · excluded $755,732

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $77,371 · excluded $77,371

• 11e · Other revenue, total

  $77,371

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,392,669 · program services $1,980,163 · management and general $304,134 · fundraising $108,372

• 7 · Other salaries and wages

  total $3,551,659 · program services $2,939,338 · management and general $451,455 · fundraising $160,866

• 8 · Pension plan contributions

  total $305,017 · program services $252,431 · management and general $38,771 · fundraising $13,815

• 9 · Other employee benefits

  total $376,761 · program services $311,805 · management and general $47,891 · fundraising $17,065

• 10 · Payroll taxes

  total $394,054 · program services $326,117 · management and general $50,089 · fundraising $17,848

• 11b · Fees: legal

  total $125,113 · program services $108,562 · management and general $16,070 · fundraising $481

• 11c · Fees: accounting

  total $68,791 · program services $59,690 · management and general $8,836 · fundraising $265

• 11f · Fees: investment management

  total $170,547 · management and general $170,547

• 11g · Fees: other

  total $5,029,653 · program services $4,364,271 · management and general $646,026 · fundraising $19,356

• 12 · Advertising and promotion

  total $8,550 · program services $4,453 · management and general $3,942 · fundraising $155

• 13 · Office expenses

  total $133,057 · program services $69,301 · management and general $61,349 · fundraising $2,407

• 16 · Occupancy

  total $797,547 · program services $620,388 · management and general $141,759 · fundraising $35,400

• 17 · Travel

  total $259,414 · program services $247,912 · management and general $6,170 · fundraising $5,332

• 19 · Conferences, conventions and meetings

  total $1,052,828 · program services $1,047,903 · management and general $3,791 · fundraising $1,134

• 22 · Depreciation, depletion and amortization

  total $131,510 · program services $39,759 · management and general $89,575 · fundraising $2,176

• 24a · Other expenses: PROF DEVELOPMENT

  total $120,727 · program services $62,879 · management and general $55,664 · fundraising $2,184

• 24b · Other expenses: LICENSING

  total $91,927 · program services $47,879 · management and general $42,385 · fundraising $1,663

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $69,525 · program services $36,211 · management and general $32,056 · fundraising $1,258

• 24d · Other expenses: MISCELLANEOUS

  total $22,936 · program services $11,949 · management and general $10,574 · fundraising $413

• 24e · All other expenses

  total $160 · program services $83 · management and general $74 · fundraising $3

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,259,062 · end of year $7,809,286

• 2 · Savings and temporary cash investments

  beginning of year $291,020 · end of year $216,274

• 3 · Pledges and grants receivable

  beginning of year $8,917,485 · end of year $4,952,273

• 4 · Accounts receivable

  beginning of year $320,140 · end of year $491,055

• 9 · Prepaid expenses and deferred charges

  beginning of year $218,927 · end of year $254,999

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

  $1,759,266

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

  $1,117,738

• 10c · Land, buildings and equipment, net

  beginning of year $773,039 · end of year $641,528

• 11 · Investments: publicly traded securities

  beginning of year $22,715,545 · end of year $14,628,809

• 12 · Investments: other securities

  end of year $11,647,565

• 15 · Other assets

  beginning of year $2,459,597 · end of year $1,757,762

• 17 · Accounts payable and accrued expenses

  beginning of year $2,192,832 · end of year $2,110,597

• 19 · Deferred revenue

  beginning of year $3,121,434 · end of year $2,935,820

• 25 · Other liabilities

  beginning of year $2,411,267 · end of year $1,554,123

• 27 · Net assets without donor restrictions

  beginning of year $20,573,237 · end of year $23,510,983

• 28 · Net assets with donor restrictions

  beginning of year $13,656,045 · end of year $12,288,028

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL: THE PRESIDENT IS ALLOWED TO TRAVEL BUSINESS OR FIRST CLASS IF THE FLIGHT IS MORE THAN 5 HOURS. THIS IS NOT TAXABLE TO THE PRESIDENT. DISCRETIONARY SPENDING ACCOUNT (AUTO): A TAXABLE ALLOWANCE IS PROVIDED TO THE PRESIDENT BASED ON AN AGREEMENT SIGNED BY THE BOARD AND THE PRESIDENT. HOUSING ALLOWANCE: A TAXABLE HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT BASED ON AN AGREEMENT SIGNED BY THE BOARD AND THE PRESIDENT. PERSONAL SERVICES: A PORTION OF MAID SERVICE COSTS ARE PROVIDED FOR THE PRESIDENT'S RESIDENCE BASED ON AN AGREEMENT SIGNED BY THE BOARD AND THE PRESIDENT. THE PRESIDENT PAYS 47% OF THE MAID SERVICE. ALL AMOUNTS ARE PROPERLY REPORTED ON THE FORM 990, PART VII AND SCHEDULE J, PART II.

PART I, LINE 4B

DR. GARCIA PARTICIPATED IN A 457F PLAN WHERE AASCU CONTRIBUTED. THE FUNDS WERE SUBSEQUENTLY FORFEITED AS SHE DEPARTED PRIOR TO VESTING.

PART I, LINE 5

THE EXECUTIVE DIRECTOR OF AASCU CONSULTING WAS PROVIDED A BONUS BASED ON ACHIEVEMENT OF AGREED-UPON PERFORMANCE METRICS.