Form 990 for tax year 2023
Filed by ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS.
Totals
- Total revenue
- $3,142,735
- Total expenses
- $2,929,650
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,079,404
- Investment income
- $50,391
- Other revenue
- $12,940
- Total assets, end of year
- $3,834,015
- Total liabilities, end of year
- $1,287,040
- Net assets or fund balances, end of year
- $2,546,975
- Program services expenses (Part IX)
- $2,247,558
- Management and general expenses
- $682,092
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,247,558
Program services were 76.7% 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.
-
2a · Program service revenue: ACCREDITATION FEES
total $239,964 · related or exempt $239,964
-
2b · Program service revenue: ANNUAL CONFERENCE
total $572,560 · related or exempt $572,560
-
2c · Program service revenue: EDUCATIONAL INCOME
total $55,900 · related or exempt $55,900
-
2d · Program service revenue: Membership Dues & Assessments
total $2,203,980 · related or exempt $2,203,980
-
2e · Program service revenue: REGIONAL SPONSORSHIP
total $7,000 · related or exempt $7,000
-
3 · Investment income
total $50,391 · excluded $50,391
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $12,940 · excluded $12,940
-
11e · Other revenue, total
$12,940
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,197,911 · program services $998,605 · management and general $199,306
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $37,429 · management and general $37,429
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $16,778 · management and general $16,778
-
13 · Office expenses
total $188,216 · management and general $188,216
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $181,857 · program services $40,314 · management and general $141,543
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $864,485 · program services $864,485
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $53,977 · program services $15,252 · management and general $38,725
-
23 · Insurance
total $4,210 · management and general $4,210
-
24a · Other expenses: INTERNATIONAL PROGRAM
total $180,278 · program services $180,278
-
24b · Other expenses: ACCREDITATION EXP
total $109,011 · program services $109,011
-
24c · Other expenses: HEADQUARTERS EXPENSE
total $71,626 · program services $20,239 · management and general $51,387
-
24d · Other expenses: GLOBAL INITIATIVE
total $10,497 · program services $10,497
-
24e · All other expenses
total $13,375 · program services $8,877 · management and general $4,498
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $2,203,332 · end of year $2,502,534
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $52,237 · end of year $49,871
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $49,986 · end of year $58,216
-
10a · Land, buildings and equipment: cost or other basis
$1,958,098
-
10b · Land, buildings and equipment: accumulated depreciation
$734,704
-
10c · Land, buildings and equipment, net
beginning of year $1,277,371 · end of year $1,223,394
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $11,920 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $148,798 · end of year $130,453
-
19 · Deferred revenue
beginning of year $1,050,456 · end of year $1,090,152
-
25 · Other liabilities
beginning of year $61,702 · end of year $66,435
-
27 · Net assets without donor restrictions
beginning of year $2,322,930 · end of year $2,537,015
-
28 · Net assets with donor restrictions
beginning of year $10,960 · end of year $9,960
Mission and programs · 2023
Mission
Voluntary membership organization of collegiate professional business schools and programs.ACBSP's central purpose is the advancement of excellence in teaching students and preparing them for career success.It serves it members by coordinating opportunities for evaluation, growth, innovation, and by accrediting business programs that meet ACBSP standards.
-
SEE STATEMENT 1
Expenses $2,247,558
As filed on the 2023 return.
Listed in Part VII
-
Jeffrey AldermanJEFFREY ALDERMAN
PRESIDENT/CEO
- Total calculated
- $203,499
- From this org
- $184,999
- From related orgs
- $0
- Other
- $18,500
- Hours/week
- 40
-
Steven L ParscaleSTEVEN L PARSCALE
DIRECT OF ACCRED
- Total calculated
- $157,215
- From this org
- $142,923
- From related orgs
- $0
- Other
- $14,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,923
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,292
- Nontaxable benefits
- not reported
- Filer's total
- $157,215
-
Joe M RicksJOE M RICKS
AT LARGE 4 YEAR
- Total calculated
- $0
- Hours/week
- 0
-
Ahmed EshraAHMED ESHRA
AT LARGE 4 YR
- Total calculated
- $0
- Hours/week
- 0
-
Clarissa CotaCLARISSA COTA
AT LARGE 2 YEAR
- Total calculated
- $0
- Hours/week
- 0
-
Germain N PichopGERMAIN N PICHOP
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Janitza Ariza SalazarJANITZA ARIZA SALAZAR
AT LARGE 4 YR
- Total calculated
- $0
- Hours/week
- 0
-
Cara Beth JohnsonCARA BETH JOHNSON
AT LARGE 2 YEAR
- Total calculated
- $0
- Hours/week
- 0
-
Hugh HaleHUGH HALE
PUBLIC MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dennis BrodeDENNIS BRODE
Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Kristina CollinsKRISTINA COLLINS
Chair Elect
- Total calculated
- $0
- Hours/week
- 0
-
Gary MrozinskiGARY MROZINSKI
AT LARGE 2 YR
- Total calculated
- $0
- Hours/week
- 0
-
Alvaro Carrizosa De La TorreALVARO CARRIZOSA DE LA TORRE
CHAIR BOARD COM
- Total calculated
- $0
- Hours/week
- 0
-
Paul C StumbPAUL C STUMB
Past Chair
- Total calculated
- $0
- Hours/week
- 0
-
Lakshmy SivaratnamLAKSHMY SIVARATNAM
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Jeff StromJEFF STROM
CHAIR BOARD COM
- Total calculated
- $0
- Hours/week
- 0
-
Kristy D SmithKRISTY D SMITH
REG CHAIRS REP
- Total calculated
- $0
- Hours/week
- 0
-
Richard A Demichele JrRICHARD A DEMICHELE JR
PUBLIC MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jeffrey AldermanJEFFREY ALDERMAN
President & CEO
- Total calculated
- $0
- Hours/week
- 0
-
Michelle ByrdMICHELLE BYRD
CHAIR
- Total calculated
- $0
- Hours/week
- 0
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
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Jeffrey AldermanJEFFREY ALDERMAN
PRESIDENT/CEO
Schedule J breakdown
- Base
- $184,999
- Bonus
- not reported
- Other
- not reported
- Deferred
- $18,500
- Nontaxable benefits
- not reported
- Filer's total
- $203,499
Answered yes
- 3 · Written employment contract
- 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
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433059349300718
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