2024-03-14T12:28:14-05:00 2023-09-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2022-10-01 341986692 BUSINESS - HIGHER EDUCATION FORUM BUSI 2023671189 ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 2023671189 2024-03-14 1 BRIAN FITZGERALD 999009999 0 KAY VOLLANS CPA P01404047 3015643636 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN K FITZGERALD ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 2628875 0 X WWW.BHEF.COM X 2004 DC TO ADVANCE INNOVATION SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES. 15 15 11 17 0 0 1567438 1245584 1200020 1014138 46397 5969 0 0 2813855 2265691 0 0 0 0 1661027 1939863 0 0 0 712194 898074 2373221 2837937 440634 -572246 2129134 2524066 665867 1587355 1463267 936711 X BHEF IS A MEMBERSHIP ORGANIZATION OF CORPORATE AND UNIVERSITY EXECUTIVE LEADERS THAT BUILDS PATHWAYS BETWEEN HIGHER EDUCATION AND THE WORKFORCE TO HELP EMPLOYERS FILL HIGH-DEMAND ROLES. THE BUSINESS-HIGHER EDUCATION FORUM IS A MEMBERSHIP ORGANIZATION THAT CONNECTS HIGHER EDUCATION INSTITUTIONS TO BUSINESS TALENT DEMAND. CORPORATE EXECUTIVES AND UNIVERSITY PRESIDENTS JOIN BHEF TO ANTICIPATE SKILLS NEEDS AND IMPROVE PATHWAYS BETWEEN HIGHER EDUCATION AND WORKFORCE. BHEF HELPS MEMBERS AND STRATEGIC PARTNERS: IDENTIFY HIGH-VALUE EMERGING SKILLS, DEVELOP PATHWAYS THAT QUICKLY SOURCE HIGH-VALUE TALENT, AND LEAD ACTION-ORIENTED FORUMS AND PARTNERSHIPS. 0 0 780277 FUNDED BY THE JPMORGAN CHASE FOUNDATION, THIS INITIATIVE PARTNERS WITH BUSINESS ROUNDTABLE (BRT) COMPANIES TO MEET THE DYNAMIC NEEDS OF BOTH EMPLOYERS AND REGIONAL ECONOMIES. BHEF SUPPORTS LEADING U.S. COMPANIES IN THEIR WORK WITH COMMUNITY COLLEGES AND FOUR-YEAR UNIVERSITIES TO OFFER APPRENTICESHIPS AND FILL HIGH-DEMAND JOBS IN FIELDS SUCH AS CYBERSECURITY, DATA ANALYTICS, SKILLED TRADES, PROFESSIONAL SERVICE ROLES AND OTHERS TAILORED TO MEET THE SPECIFIC DEMANDS OF EACH COMPANY AND REGION USING PROVEN, REPLICABLE, AND SCALABLE METHODS. THIS INITIATIVE ACCELERATES ACCESS TO TALENT, CREATES HIGH-PERFORMING PARTNERSHIPS, AND FOCUSES ON SUPPORTING DIVERSE AND TRADITIONALLY UNDERREPRESENTED GROUPS WITHIN THE WORKFORCE. IN ADDITION TO SUPPORTING THE INDIVIDUAL REGIONAL PROJECTS, BHEF CONNECTS PARTNERS AND CAPTURES LEARNING ACROSS THE DIFFERENT INITIATIVE TO SUPPORT MEMBERS AND THE BROADER WORKFORCE DEVELOPMENT FIELD. 589153 1014138 MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF CONDUCTING MEMBERSHIP ACTIVITY, WHICH INVOLVES RECRUITMENT, RETENTION, AND COMMUNICATION. THIS IS ACHIEVED THROUGH IN-PERSON, VIDEO AND PHONE MEETINGS, CORRESPONDENCE, AND COMMUNICATION. 287627 FUNDED BY CONNECTICUT'S OFFICE OF WORKFORCE STRATEGY, TECH TALENT ACCELERATOR, LED BY THE BUSINESS-HIGHER EDUCATION FORUM (BHEF) AND THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE) CREATES BUSINESS HIGHER EDUCATION PARTNERSHIPS THAT DEVELOP NEWLY TAILORED CREDENTIALS AVAILABLE TO CONNECTICUT'S LEARNERS IN HIGH DEMAND TECHNOLOGY FIELDS SUCH AS CLOUD COMPUTING, CYBERSECURITY, AND MOBILE APPLICATION DEVELOPMENT. BHEF SUPPORTS EDUCATORS AND BUSINESS PARTNERS WITH A COMMUNITY OF PRACTICE TO LEARN BEST PRACTICES FOR DEVELOPING INDUSTRY-VALIDATED PROGRAMS AND EMBEDDING IN-DEMAND CREDENTIALS AND A PLATFORM FOR ENGAGING WITH STATEWIDE TECH TALENT AND WORKFORCE DEVELOPMENT INITIATIVES. 379086 FUNDED BY A STRADA GRANT TO WEST GEORGIA TECHNICAL COLLEGE (WGTC), BHEF PROVIDES TECHNICAL ASSISTANCE AND LABOR MARKET DATA FOR WGTC'S NEW ADVANCED MANUFACTURING REGIONAL TRAINING CENTER FOCUSED ON SERVING EMPLOYERS BY CLOSING THE SKILLS TALENT GAP IN THE FOUR-COUNTY REGION CLOSEST TO THE PROPOSED CENTER FACILITY. THE WORK AIMS TO ENHANCE THE EXISTING PHYSICAL CENTER TO MEET INDUSTRY PARTNER TRAINING NEEDS, EMBED INDUSTRY-DRIVEN EXPERIENTIAL LEARNING OPPORTUNITIES, ALIGN AND REFRESH PROGRAMMING AND CREDENTIALING, AND ON-BOARD STAFF TO LAUNCH, MARKET, AND SUSTAIN EMPLOYER PARTNERSHIPS. FUNDED BY THE NORTHROP GRUMMAN CORPORATION, BHEF FACILITATES WORK BETWEEN BUSINESSES, HIGHER EDUCATION INSTITUTIONS AND NON-PROFIT ORGANIZATIONS THAT PROVIDE OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS TO PREPARE FOR CAREERS IN EMERGING SKILL AREAS.CONFERENCES BHEF CONDUCTS SEMI-ANNUAL MEMBER CONFERENCES TO SUSTAIN THE CONTINUING DIALOGUE BETWEEN ITS CORPORATE AND ACADEMIC MEMBERS AND FOUNDATION AND STRATEGIC PARTNERS ON ISSUES RELATED TO THE HIGHER EDUCATION, BUSINESS TALENT NEEDS, AND WORKFORCE DEVELOPMENT. POLICY-MAKERS FROM STATE AND FEDERAL GOVERNMENTS ARE OFTEN INVITED TO PARTICIPATE IN THESE DISCUSSIONS. ACADEMIC, BUSINESS, AND PHILANTHROPIC LEADERS AT THE CUTTING-EDGE OF TECHNOLOGIES AND EDUCATIONAL PROGRAMMING PARTICIPATE. MANY GIVE PRESENTATIONS ON SUCCESSFUL LOCAL EDUCATIONAL EFFORTS THAT MAY BE APPLICABLE ON A BROADER REGIONAL OR NATIONAL SCALE. BHEF ALSO HOSTS VIRTUAL AND IN-PERSON CONVENINGS ON TOPICS AT THE INTERSECTION OF BUSINESS AND HIGHER EDUCATION. 379086 2036143 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X STACEY BROWN 2023671189 ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 BRIAN A NAPACK CHAIR 1.00 X X 0 0 0 TIMOTHY D SANDS VICE CHAIR 1.00 X X 0 0 0 JOSEPH E AOUN BOARD MEMBER 1.00 X 0 0 0 JEFFREY D ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 BRANDON BUSTEED BOARD MEMBER 1.00 X 0 0 0 JOHN J DEGIOIA BOARD MEMBER 1.00 X 0 0 0 WAYNE A I FREDERICK BOARD MEMBER 1.00 X 0 0 0 LISA GEVELBER BOARD MEMBER 1.00 X 0 0 0 DAVID HARRIS END JAN 23 BOARD MEMBER 1.00 X 0 0 0 LAURA K IPSEN BOARD MEMBER 1.00 X 0 0 0 EARL F MARTY MARTIN BOARD MEMBER 1.00 X 0 0 0 STEVE NORDLUND END NOV 22 BOARD MEMBER 1.00 X 0 0 0 RYAN OAKES BOARD MEMBER 1.00 X 0 0 0 JUDY D OLIAN BOARD MEMBER 1.00 X 0 0 0 JAY A PERMAN BOARD MEMBER 1.00 X 0 0 0 MADELINE PUMARIEGA BOARD MEMBER 1.00 X 0 0 0 MARY PAPAZIAN PAST CHAIR 1.00 X 0 0 0 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 40.00 X 324199 0 33890 BRUCE GARDNER VP OF MEMBERSHIP 40.00 X 210662 0 14500 STACEY BROWN SR. DIRECTOR 40.00 X 171365 0 18747 JENNIFER THORNTON VP OF PROGRAMS 40.00 X 169458 0 21607 JANET CHEN DIRECTOR 40.00 X 137629 0 14576 FRANK J AVERY DIRECTOR 40.00 X 130833 0 16227 1144146 0 119547 6 0 1 0 DIVERSIFIED SEARCH GROUP 2005 MARKET STREET 33RD FLOOR PHILADELPHIA PA 19103 CEO SEARCH FIRM 106555 1 1245584 1245584 MEMBERSHIP DUES 611710 1014138 1014138 1014138 19153 19153 350000 363184 -13184 -13184 -13184 2265691 1014138 0 5969 X 281151 112460 168691 1421681 1153779 267902 70307 57977 12330 46016 40685 5331 120708 90567 30141 38253 38253 16550 11055 5495 482179 318460 163719 95507 66742 28765 9306 3351 5955 117667 117667 66916 52083 14833 56659 56659 5615 5615 9422 9422 OVERHEAD/G&A ALLOCATION 0 72325 -72325 2837937 2036143 801794 0 1136005 1059926 54132 55168 26837 3085 35219 15190 22074 21932 5757 142 871184 572842 0 817713 2129134 2524066 135143 161059 475000 545000 55724 881296 665867 1587355 X 682644 -8684 780623 945395 1463267 936711 2129134 2524066 -572246 45690 0 X X 0 1 X 1 0 X 2296868 1554887 940944 1567438 1245584 7605721 2296868 1554887 940944 1567438 1245584 7605721 3067511 4538210 27208 25724 17190 23180 19153 112455 6 6 7718182 6532364 0.58800 0.68430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22074 21932 142 142 OPERATING LEASE ROU ASSET 817713 817713 OPERATING LEASE LIABILITY 881296 881296 X 2311381 45690 45690 2265691 0 2265691 2837937 0 2837937 0 2837937 PART X, LINE 2: THE FORUM IS EXEMPT FROM INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE (IRS). THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FORUM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FORUM AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LABILITIES FOR FISCAL YEARS 2023 AND 2022. THE FORUM'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. GENERALLY, THE TAX YEARS BEFORE 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. 1 X X X X 0 0 0 0 0 0 0 1 0 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 324199 0 0 0 0 0 19452 0 14438 0 358089 0 0 0 BRUCE GARDNER VP OF MEMBERSHIP 210662 0 0 0 0 0 12640 0 1860 0 225162 0 0 0 STACEY BROWN SR. DIRECTOR 159365 0 12000 0 0 0 10252 0 8495 0 190112 0 0 0 JENNIFER THORNTON VP OF PROGRAMS 169458 0 0 0 0 0 10168 0 11439 0 191065 0 0 0 JANET CHEN DIRECTOR 130000 0 7629 0 0 0 8258 0 6318 0 152205 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVES CEO COMPENSATION BASED A NUMBER OF FACTORS. INDEPENDENT CONSULTANT, COMPENSATION STUDIES, COMMITTEE RECOMMENDATIONS AND AFTER ASSESSED MUST BE APPROVED BY THE BOARD AND IS INCORPORATED INTO A WRITTEN CONTRACT. PART I, LINE 7 DISCRETIONARY BONUSES ARE BASED ON EMPLOYEE PERFORMANCE EVALUATIONS AND SUBJECT TO APPROVAL. BONUSES ARE PAID OUT IN 2 PAYMENTS DURING THE YEAR OF APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE FORUM HAS ONE CLASS OF MEMBERSHIP WITH NO RESTRICTIONS ON THE NUMBER OF MEMBERS. MEMBERS WILL CONSIST OF CEOS OR OTHER APPROPRIATE SENIOR EXECUTIVES OF MAJOR AMERICAN BUSINESS ORGANIZATIONS, PRESIDENTS AND CHANCELLORS OF RECOGNIZED COLLEGES AND UNIVERSITIES AS WELL AS OTHER APPROPRIATE SENIOR EXECUTIVES OF SEVERAL FOUNDATIONS AND ASSOCIATIONS OF PRESIDENTS OF HIGHER EDUCATION INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ELECTED BY THE FORUM'S MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B ACTIONS MAY BE TAKEN BY MEMBERS OF THE FORUM AT A SEMI-ANNUAL MEETING, VIA TELECONFERENCE OR E-MAIL OR BY ANY OTHER MECHANISM THAT THE CHAIR MAY DESIGNATE; SUCH ACTIONS MAY BE APPROVED BY A VOTE OF THE MAJORITY OF MEMBERS PRESENT OR PARTICIPATING. THE CHAIR SHALL GIVE MEMBERS REASONABLE NOTICE OF SUCH VOTES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO ALL BOARD MEMBERS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN A COI AND UPDATE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY USING AN EXTERNAL COMPENSATION CONSULTANT. THE BOARD MAINTAINS RECORDS OF CEO SALARY INCREASES AND BOARD APPROVALS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTING/CONTRACTING: PROGRAM SERVICE EXPENSES 309,860. MANAGEMENT AND GENERAL EXPENSES 159,444. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 469,304. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 8,600. MANAGEMENT AND GENERAL EXPENSES 4,275. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,875. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.