2025-04-11T15:32:54-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-06-01 530259954 NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS NATI 2028612500 1110 VERMONT AVENUE NW 800 WASHINGTON DC 20005 KARA D FREEMAN PRESIDENT AND CEO 2028612500 2025-04-09 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-03-25 2023 2025-03-06 01:10:19Z KARA D FREEMAN 1110 VERMONT AVENUE NW 800 WASHINGTON DC 20005 54443022 0 X WWW.NACUBO.ORG X 1956 IL TO IMPROVE FINANCIAL AND ADMINISTRATIVE MANAGEMENT AT INSTITUTIONS OF HIGHER EDUCATION. 23 22 50 22 189387 127394 10982015 10408131 5695169 5566922 335557 112528 477645 299723 17490386 16387304 255000 232500 0 0 6922341 7385265 0 0 805960 9451827 9708178 16629168 17325943 861218 -938639 34866804 39795703 15101594 19271814 19765210 20523889 X THE USUAL PUBLIC ACTIVITIES OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO) ARE TO DEVELOP, PROMOTE, AND IMPROVE BUSINESS AND FINANCIAL PRINCIPLES AND PRACTICES IN THE ADMINISTRATION OF INSTITUTIONS OF HIGHER EDUCATION AND TO FOSTER AMONG MEMBER INSTITUTIONS PROFESSIONAL IDEALS AND STANDARDS IN BUSINESS AND FINANCIAL ADMINISTRATION.NACUBO'S CORE MISSION IS TO IMPROVE FINANCIAL AND ADMINISTRATIVE MANAGEMENT AT INSTITUTIONS OF HIGHER EDUCATION. TO THIS END, NACUBO MARSHALS EXPERTISE, SHARES KNOWLEDGE, PROVIDES TECHNICAL ASSISTANCE, AND ENCOURAGES INNOVATION IN BUSINESS PRACTICES. AREAS OF FOCUS INCLUDE ACCOUNTING AND FINANCIAL MANAGEMENT INCLUDING ENDOWMENTS AND DEBT, TAXATION, STUDENT FINANCIAL SERVICES, AND BUSINESS OPERATIONS INCLUDING INFORMATION TECHNOLOGY AND FACILITIES MANAGEMENT. 0 0 4918776 232500 4323495 CONFERENCES, WORKSHOPS, AND SEMINARS:THE NACUBO ANNUAL MEETING IS THE MOST IMPORTANT PROFESSIONAL DEVELOPMENT EVENT OF THE YEAR FOR COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THEIR STAFF. THE NACUBO 2022 ANNUAL MEETING TOOK PLACE IN AURORA, COLORADO, AND WAS THE FIRST NACUBO ANNUAL MEETING HELD IN PERSON SINCE THE OUTBREAK OF THE COVID-19 PANDEMIC. SESSION TOPICS INCLUDED LEADING THROUGH UNCERTAINTY, FUTURE OF WORK AND TALENT STRATEGIES IN HIGHER EDUCATION, COLLEGE AFTER COVID, ACCELERATING ANALYTICS USE THROUGH DATA GOVERNANCE, AND MANY OTHER TECHNICAL, MANAGERIAL AND LEADERSHIP ISSUES. (CONTINUE ON SCHEDULE O)IN ADDITION TO THE ANNUAL MEETING, NACUBO CREATES AND DELIVERS A BROAD RANGE OF PROGRAMS, SERVICES, AND PRODUCTS THAT ARE DESIGNED TO STRENGTHEN THE ABILITIES AND KNOWLEDGE OF CAMPUS ADMINISTRATORS AT ALL LEVELS. NACUBO DEVELOPED A VARIETY OF ONLINE WORKSHOPS, WEBINARS, AND OTHER MATERIALS COVERING TOPICS IN THE FIELDS OF ACCOUNTING, HIGHER EDUCATION FINANCE, LEADERSHIP AND MANAGEMENT, TAX, STUDENT FINANCIAL SERVICES, CAMPUS OPERATIONS, AND TECHNOLOGY. NACUBO IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. NACUBO ADMINISTERS A CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT PROGRAM FOR CERTIFIED PUBLIC ACCOUNTANTS. 4837741 0 0 MEMBER SERVICES:UNIVERSITIES - THE ASSOCIATION KEEPS MEMBERS INFORMED OF FEDERAL ACTIONS, SOLICITS MEMBER OPINIONS AND CONCERNS, AND ADVOCATES FOR THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES WITH CONGRESS AND FEDERAL AGENCIES. THE ASSOCIATION'S ADVOCACY EFFORTS WERE COORDINATED WITH A NUMBER OF OTHER ASSOCIATIONS REPRESENTING VARIOUS HIGHER EDUCATION CONSTITUENCIES. IN ADDITION, NACUBO IS THE VOICE FOR HIGHER EDUCATION WITH THE VARIOUS BODIES THAT SET STANDARDS FOR ACCOUNTING PRACTICES, SUCH AS THE FINANCIAL ACCOUNTING STANDARDS BOARD, THE ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, AND THE U.S. GENERAL ACCOUNTING OFFICE. (CONTINUE ON SCHEDULE O)RESEARCH - NACUBO UNDERTAKES BOTH ON-GOING LONGITUDINAL STUDIES IMPORTANT TO THE HIGHER EDUCATION INDUSTRY SUCH AS THE ASSOCIATION'S ANNUAL STUDY OF COLLEGE AND UNIVERSITY ENDOWMENTS AND SHORT SURVEYS OR RESEARCH ON SPECIFIC ISSUES OF CONCERN.GRANTS - NACUBO RECEIVED FUNDING FOR A GRANT TO SERVE ITS MEMBERS AND DEVELOP STRATEGIC FINANCE MODELS THAT PRIORITIZE AND SUSTAIN STUDENT EQUITY, SUCCESS, AND COMPLETION INITIATIVES. DURING THE THREE-YEAR GRANT, NACUBO WILL FACILITATE THE CREATION OF FRAMEWORKS, TOOLS, AND MODELS THAT CAN MOVE INSTITUTIONS TOWARDS SUSTAINABLE, INSTITUTION-WIDE FINANCIAL AND OPERATIONAL ACTIVITIES THAT INCREASE EQUITABLE OUTCOMES AND COMPLETION FOR STUDENTS. THE WORK WILL PARTICULARLY FOCUS ON WAYS TO INCREASE GUIDED PATHWAYS AND IMPROVE TRANSFER OUTCOMES.REGIONAL ASSOCIATIONS AND PARTNERSHIPS - NACUBO MANAGES AN ASSOCIATION MANAGEMENT SYSTEM THAT SERVES THE JOINT MEMBERSHIP OF THE NATIONAL ASSOCIATION AND ITS FOUR REGIONAL AFFILIATED ASSOCIATIONS (CACUBO, EACUBO, SACUBO AND WACUBO). THE SYSTEM CAPTURES A VARIETY OF DATA POINTS THAT ENABLE IMPROVED TRACKING OF INDIVIDUAL MEMBER ACTIVITY AND DUES BILLING AND COLLECTION PROCESSES. THIS DATABASE IS LINKED TO BOTH A CONTENT MANAGEMENT SYSTEM AND THE ASSOCIATION WEBSITE IMPROVING MEMBER SERVICE.AWARDS PROGRAM - NACUBO RECOGNIZES INSTITUTIONAL AND INDIVIDUAL EXCELLENCE THROUGH ITS AWARDS PROGRAM. THESE AWARDS WERE PRESENTED TO INDIVIDUALS WHO SHOWED OUTSTANDING ACHIEVEMENT AND EXEMPLARY PERFORMANCE IN THE AREAS OF FINANCIAL MANAGEMENT, ENDOWMENT MANAGEMENT, PROFESSIONAL DEVELOPMENT AND MORE. INSTITUTIONS WERE RECOGNIZED THAT DEMONSTRATED INNOVATION IN THE AREAS OF PROCESS IMPROVEMENT AND RESOURCE ENHANCEMENT. 2588297 0 0 ADVOCACY AND POLICY:NACUBO'S ADVOCACY AND PUBLIC POLICY TEAM TRACKS FEDERAL LEGISLATIVE AND REGULATORY ACTIVITIES THAT COULD IMPACT MEMBER INSTITUTIONS AND THE STUDENTS THEY SERVE. THE TEAM'S FOCUS IS TO REPRESENT AND SERVE THE DIVERSE NEEDS OF THE COLLEGE AND UNIVERSITY BUSINESS OFFICE. KEY ACTIVITIES INCLUDE ADVOCACY BEFORE LEGISLATORS AND STAFF, EXECUTIVE BRANCH STAFF, AND OTHER POLICYMAKERS AS WELL AS PARTICIPATION IN ADVOCACY COALITIONS. IT ALSO INCLUDES COMMUNICATING POLICY AND RELEVANT HIGHER EDUCATION SECTOR UPDATES TO NACUBO MEMBERS. 1502623 0 1054040 CONSULTING:NACUBO CONSULTING PROVIDES PRACTICAL GUIDANCE TO HIGHER EDUCATION INSTITUTIONS. OUR AIM IS TO BE AN INSTITUTION'S PARTNER IN PRACTICE. NACUBO CONSULTANTS BRING EXPERTISE, EXPERIENCE, AND LEADERSHIP ABILITIES TO EVERY ENGAGEMENT SEEKING TO SUPPORT INSTITUTIONS IN CRITICAL AREAS. ALL OF THE CONSULTING ENGAGEMENTS ARE CUSTOMIZED WITH DEFINED SCOPES OF WORK TO SUPPORT MEMBERS' WORK THROUGH COMPLEX PROBLEMS OR IMPROVE OPERATIONS. 139107 0 172936 PUBLICATIONS AND OTHER PRODUCTS:NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS REMAINS A SOURCE OF PROFESSIONAL INFORMATION FOR MEMBERS. NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS SELLS APPROXIMATELY 25 PUBLICATION TITLES, INCLUDING TWO ONLINE SUBSCRIPTION SERVICES. 1641730 0 1226976 13986544 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 50 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTIN MARTEN 2028612575 1110 VERMONT AVENUE NW SUITE 800 WASHINGTON DC 20005 KARA FREEMAN PRESIDENT & CEO 35.00 X X 260242 0 30168 RUSS HANNAH BOARD CHAIR 1.00 X X 0 0 0 NICOLE TRUFANT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 TASHNI-ANN DUBROY BOARD VICE CHAIR 1.00 X X 0 0 0 CHOI HALLADAY SECRETARY 1.00 X X 0 0 0 ANGELA BLANTON DIRECTOR 1.00 X 0 0 0 BRAD BACA DIRECTOR 1.00 X 0 0 0 CLAIR KNAPP DIRECTOR 1.00 X 0 0 0 DAWN ALSTON DIRECTOR 1.00 X 0 0 0 DARRELL DUNCAN DIRECTOR 1.00 X 0 0 0 GUADALUPE VALENCIA-SKANES DIRECTOR 1.00 X 0 0 0 JAMES S MATTEO DIRECTOR 1.00 X 0 0 0 JOHN W CRAWFORD DIRECTOR 1.00 X 0 0 0 JOSE C RODRIGUEZ DIRECTOR 1.00 X 0 0 0 KELLY FOX DIRECTOR 1.00 X 0 0 0 LAURA HUBBARD DIRECTOR 1.00 X 0 0 0 MARK VOLPATTI DIRECTOR 1.00 X 0 0 0 MICHAEL D VOLNA DIRECTOR 1.00 X 0 0 0 MICHAEL CLUNE DIRECTOR 1.00 X 0 0 0 NOEL A SLOAN DIRECTOR 1.00 X 0 0 0 ROMAYNE L BOTTI DIRECTOR 1.00 X 0 0 0 SHARI MAYER DIRECTOR 1.00 X 0 0 0 SARA F THORNDIKE DIRECTOR 1.00 X 0 0 0 JAMES HUNDRIESER VP, CONSUL. & BUS. DEV.-UNTIL 01/24 35.00 X 397882 0 44377 TADELETCH YIMAM VICE PRESIDENT, DIGITAL ENGAGEMENT 35.00 X 213876 0 30329 TYRENE HARLASON VP, FIN. SVCS & ADMIN.-UNTIL 2/24 35.00 X 214008 0 51107 TIMOTHY ROBERSON VICE PRESIDENT, LEADERSHIP DEVELOPMENT 35.00 X 184614 0 33095 ELIZABETH CLARK VICE PRESIDENT, POLICY& RESEARCH 35.00 X 239536 0 29811 KELLI RAINEY SENIOR DIRECTOR, GRANTS PROGRAMS 35.00 X 150998 0 26173 LINDSAY WAYT SENIOR DIRECTOR, ANALYTICS 35.00 X 134706 0 22939 SUSAN MENDITTO SENIOR DIRECTOR, ACCOUNTING POLICY 35.00 X 185753 0 36874 BARBARA DIROCCO SENIOR DIRECTOR, MEETINGS AND EVENTS 35.00 X 134331 0 22977 KENNETH REDD SENIOR DIRECTOR, RESEARCH &POLICY ANALYSIS 35.00 X 131697 0 28354 LYNNE SCHAEFER FORMER INTERIM PRESIDENT & CEO 35.00 X 155294 0 9307 2402937 0 365511 20 1 1 0 SOVA SOLUTIONS 1201 SEVEN LOCKS RD 1025 STE 360 ROCKVILLE MD 20854 CONSULTING SERVICES 267041 MARY WHEELER 201 DOVE RANCH RD BAYFIELD CO 81112 CONSULTING SERVICES 219988 TERRI DAUTCHER 2321 TURK ROAD DOYLESTOWN PA 18901 CONSULTING SERVICES 130450 MARC MATTHEWS 500 S MILL ST LEXINGTON KY 40508 CONSULTING SERVICES 128477 CAPITOL TAX PARTNERS 101 CONSTITUTION AVE NW STE 675 E WASHINGTON DC 20001 CONSULTING SERVICES 120000 9 8614000 1794131 10408131 CONFERENCES, WORKSHOPS & SEMINARS 900099 4323495 4323495 CONSULTING FEES 900099 1054040 1054040 ADVERTISING 541800 189387 189387 5566922 564681 564681 37603565 37364832 690886 238733 -690886 -452153 -452153 172936 0 172936 172936 MISCELLANEOUS REVENUE 900099 122337 122337 SHIPPING REVENUE 900099 4450 4450 126787 16387304 5550471 189387 239315 X 232500 232500 1780630 1659836 120794 4391533 2996422 993031 402080 382169 255117 90854 36198 431477 306603 89550 35324 399456 298370 74005 27081 77512 77512 288385 288385 38427 38427 3257221 2757271 304483 195467 98320 82657 14068 1595 524690 481495 30594 12601 25651 21565 3670 416 914194 646278 209257 58659 595364 557178 29316 8870 2860038 2848641 10634 763 281351 224669 44272 12410 133746 112439 19137 2170 PUBLICATIONS & PRINTING 143283 136119 4932 2232 ATTRITION 113883 113837 36 10 UBI TAXES 42030 42013 13 4 MEMBERSHIP FEES 28917 28905 9 3 285166 184629 90460 10077 17325943 13986544 2533439 805960 11025636 12399908 6081036 1375064 1254223 569665 378750 9504 10935 759208 872711 2607088 1427297 929866 1179791 10392821 17561098 3844845 6017446 34866804 39795703 1729426 1366380 8553546 10591437 4818622 7313997 15101594 19271814 X 17941562 20034191 1823648 489698 19765210 20523889 34866804 39795703 -938639 1697318 0 X 0 1 X 1 0 X 10781141 9329709 14735471 10982015 10408131 56236467 5448062 2588448 3549288 5682203 5550471 22818472 16229203 11918157 18284759 16664218 15958602 79054939 0 0 0 79054939 697715 327726 602395 672974 564681 2865491 443534 103646 172765 167073 189387 1076405 1141249 431372 775160 840047 754068 3941896 35940 373 47453 325100 126787 535653 17406392 12349902 19107372 17829365 16839457 83532488 0.94640 0.93440 0.04720 0.05140 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MAILING LIST - 2019 AMOUNT: $ 300. OTHER INCOME - 2019 AMOUNT: $ 35,640. 2020 AMOUNT: $ 373. 2021 AMOUNT: $ 47,453. 2022 AMOUNT: $ 325,100. 2023 AMOUNT: $ 122,337. SHIPPING REVENUE - 2023 AMOUNT: $ 4,450. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 59402 59402 13927142 13986544 849327 212332 0 0 557007 617730 773749 849327 2797813 4196720 87497 73962 71850 59402 292711 139252 154433 193437 212332 699454 1049181 53006 2058 1013 54051 53006 988 988 53006 53006 1673 1673 53006 53123 903 1020 53006 53254 917 1048 53123 0.00000 0.89730 0.10270 0 0 935031 661716 273315 649783 637454 12329 1022274 128127 894147 1179791 RIGHT OF USE ASSETS 6017446 6017446 LEASE LIABILITIES 7313997 7313997 18544764 1697318 500000 2197318 16347446 38427 1431 39858 16387304 17786085 500000 -1431 498569 17287516 38427 38427 17325943 PART V, LINE 4: EARNINGS ON THE PERMANENTLY RESTRICTED ENDOWMENT NET ASSETS ARE AVAILABLE FOR NACUBO AWARDS PROGRAMS AND INSTITUTIONAL CAPACITY DEVELOPMENT. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,431. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,431. 1 MINNESOTA STATE COLLEGES AND UNIVERSITIES 30 7TH STREET EAST SUITE 350 ST PAUL MN 55101 411687554 GOV'T 20000 0 N/A N/A STIPEND BROOKLYN COLLEGE 2900 BEDFORD AVE BROOKLYN NY 11210 111904329 GOV'T 11500 0 N/A N/A STIPEND CINCINNATI STATE TECHNICAL & COMMUNITY COLLEGE 3520 CENTRAL PARKWAY CINCINNATI OH 45223 310784054 GOV'T 11500 0 N/A N/A STIPEND KALAMAZOO VALLEY COMMUNITY COLLEGE 6767 WEST O AVENUE KALAMAZOO MI 49003 382307720 GOV'T 11500 0 N/A N/A STIPEND RESEARCH FOUNDATION FOR STATE UNIV OF NEW YORK PO BOX 9 ALBANY NY 122010009 141368361 GOV'T 11500 0 N/A N/A STIPEND TARLETON STATE UNIVERSITY BOX T-0120 STEPHENVILLE TX 76402 756001870 GOV'T 11500 0 N/A N/A STIPEND ATLANTIC CAPE 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 237368159 GOV'T 10000 0 N/A N/A STIPEND CALIFORNIA STATE UNIV SAN BERNARDINO 5500 UNIVERSITY PKWY SAN BERNARDINO CA 92407 956126562 GOV'T 10000 0 N/A N/A STIPEND EL CAMINO COMMUNITY COLLEGE DISTRICT 16007 CRENSHAW BLVD TORRANCE CA 90506 953874302 GOV'T 10000 0 N/A N/A STIPEND GREAT FALLS COLLEGE MONTANA STATE UNIVERSITY 2100 16TH AVE S GREAT FALLS MT 59405 810522790 GOV'T 10000 0 N/A N/A STIPEND MUSKINGUM UNIVERSITY 163 STORMONT ST NEW CONCORD OH 43762 314379515 GOV'T 10000 0 N/A N/A STIPEND NEW MEXICO STATE UNIVERSITY 1510 MENAUL BLVD NW ALBURQUEQUE NM 87107 901042021 GOV'T 10000 0 N/A N/A STIPEND NORTH PARK UNIVERSITY 3225 W FOSTER AVE CHICAGO IL 60625 361557840 GOV'T 10000 0 N/A N/A STIPEND RIVERSIDE COMMUNITY COLLEGE DISTRICT PO BOX 907 RIVERSIDE CA 92502 952993847 GOV'T 10000 0 N/A N/A STIPEND RUTGERS THE STATE UNIVERSITY 33 KNIGHSTBRIDGE ROAD ROOM C281 PISCATAWAY NJ 08854 226001086 GOV'T 10000 0 N/A N/A STIPEND SAM HOUSTON STATE UNIVERSITY 3 RUTGERS PLZ NEW BRUNSWICK NJ 08901 450586766 GOV'T 10000 0 N/A N/A STIPEND SONOMA STATE UNIVERSITY 1801 E COTATI AVE ROHNERT PAR CA 94928 680338225 GOV'T 10000 0 N/A N/A STIPEND SOUTH FLORIDA STATE COLLEGE 600 WEST COLLEGE DRIVE AVON PARK FL 33825 591218159 GOV'T 10000 0 N/A N/A STIPEND STILLMAN COLLEGE 3601 STILLMAN BLVD TUSCALOOSA AL 35401 630315935 GOV'T 10000 0 N/A N/A STIPEND WILEY COLLEGE 711 WILEY AVE MARSHALL TX 75670 750818183 GOV'T 10000 0 N/A N/A STIPEND 20 0 PART I, LINE 2: THE GRANT RECIPIENTS WERE PART OF A PILOT PROGRAM DESIGNED TO HELP THEM LEARN HOW TO USE AND IMPLEMENT THE TOOLS OF THE STUDENT SUCCESS HUB AT THEIR SCHOOL. THEY RECEIVED SOME FUNDING TO SUPPORT THIS INITIATIVE. THE TOOLS PROVIDED INCLUDE IMPROVING DATA GOVERNANCE, BUDGETING STRATEGIES, AND ANALYZING IPEDS DATA TO ASSESS AND DEVELOP METRICS AND DASHBOARDS INTERNALLY WITHIN THE SCHOOL. THE SELECTION CRITERIA WERE RELATED TO THE OVERALL GOALS OF THE GRANT PROGRAM. WE AIMED FOR A MIX OF PUBLIC REGIONALS, PRIVATE INSTITUTIONS, AND SO ON. THE SELECTED SCHOOLS NEEDED TO BE WILLING AND ABLE TO PARTICIPATE AND PROVIDE FEEDBACK THROUGHOUT THE PROGRAM. FINANCE IS NOT INVOLVED WITH MONITORING THESE GRANTS BECAUSE THEY'RE NOT TRADITIONAL GRANTS. INSTEAD, THEY SERVE AS A VEHICLE TO SUPPORT THE LAUNCH OF THE STUDENT SUCCESS HUB PROGRAM. FOR ACCOUNTING, NACUBO CONDUCTS MONTHLY REVIEWS AND TRACKS ACCURATE EXPENSES TO ENSURE EVERYTHING IS IN ORDER. X X X X 0 0 0 0 0 0 0 0 0 JAMES HUNDRIESER VP, CONSUL. & BUS. DEV.-UNTIL 01/24 317734 0 78960 0 1188 0 28660 0 15717 0 442259 0 0 0 KARA FREEMAN PRESIDENT & CEO 259099 0 0 0 1143 0 26234 0 3934 0 290410 0 0 0 ELIZABETH CLARK VICE PRESIDENT, POLICY& RESEARCH 229236 0 10000 0 300 0 25511 0 4300 0 269347 0 0 0 TYRENE HARLASON VP, FIN. SVCS & ADMIN.-UNTIL 2/24 204008 0 10000 0 0 0 23550 0 27557 0 265115 0 0 0 TADELETCH YIMAM VICE PRESIDENT, DIGITAL ENGAGEMENT 203876 0 10000 0 0 0 19405 0 10924 0 244205 0 0 0 SUSAN MENDITTO SENIOR DIRECTOR, ACCOUNTING POLICY 184565 0 0 0 1188 0 19050 0 17824 0 222627 0 0 0 TIMOTHY ROBERSON VICE PRESIDENT, LEADERSHIP DEVELOPME 174614 0 10000 0 0 0 19396 0 13699 0 217709 0 0 0 KELLI RAINEY SENIOR DIRECTOR, GRANTS PROGRAMS 145460 0 4350 0 1188 0 16091 0 10082 0 177171 0 0 0 LYNNE SCHAEFER FORMER INTERIM PRESIDENT & CEO 114707 0 18500 0 22087 0 9000 0 307 0 164601 0 0 0 KENNETH REDD SENIOR DIRECTOR, RESEARCH &POLICY AN 130159 0 1250 0 288 0 14345 0 14009 0 160051 0 0 0 LINDSAY WAYT SENIOR DIRECTOR, ANALYTICS 128768 0 4750 0 1188 0 14179 0 8760 0 157645 0 0 0 BARBARA DIROCCO SENIOR DIRECTOR, MEETINGS AND EVENTS 132993 0 150 0 1188 0 15140 0 7837 0 157308 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE GOVERNANCE COMMITTEE. THE EXECUTIVE GOVERNANCE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD OF DIRECTORS, THE PRESIDENT, THE SECRETARY, THE VICE CHAIR, THE CHAIR OF THE FINANCE AND AUDIT COMMITTEE, THE PAST BOARD CHAIR, AND UP TO TWO ADDITIONAL MEMBERS WHO SHALL BE DESIGNATED BY THE BOARD CHAIR AND APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE GOVERNANCE COMMITTEE SHALL CARRY OUT THE BOARD'S OVERALL RESPONSIBILITY WITH RESPECT TO OVERSEEING THE BOARD'S COMMITTEE STRUCTURE; MONITORING THE ORIENTATION AND CONTINUING EDUCATION OF DIRECTORS; ENSURING COMPLIANCE WITH LEGAL, ETHICAL, AND CONTRACTUAL OBLIGATIONS; DETERMINING THE COMPENSATION OF NACUBO SENIOR STAFF AND ALL DISQUALIFIED PERSONS; AND EXERCISING THE BOARD'S AUTHORITY WHEN THE BOARD IS NOT IN SESSION EXCEPT AS SPECIFICALLY LIMITED BY THE BOARD, THE BYLAWS, AND APPLICABLE LAW. ALL ACTION APPROVED, TAKEN, AND RATIFIED BY THE COMMITTEE SHALL BE DEEMED TO BE, AND MAY BE CERTIFIED AS BEING APPROVED, TAKEN, AND RATIFIED UNDER AUTHORITY OF THE BOARD. ACTIONS TAKEN BY THE EXECUTIVE GOVERNANCE COMMITTEE SHALL BE REPORTED TO THE BOARD OF DIRECTORS AT ITS NEXT REGULARLY SCHEDULED MEETING. THE EXECUTIVE GOVERNANCE COMMITTEE SHALL BE RESPONSIBLE FOR MAINTAINING AN EFFECTIVE WORKING RELATIONSHIP WITH THE PRESIDENT, SHALL NEGOTIATE WITH THE PRESIDENT HIS OR HER EMPLOYMENT CONTRACT, AND SHALL ANNUALLY EVALUATE THE PRESIDENT'S PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS HAS THE FOLLOWING TYPES OF MEMBERS: REGULAR, ASSOCIATE, PROVISIONAL, SUBSCRIBER, AFFILIATE, GOVERNING BOARD AND STUDENT/RETIREE. FORM 990, PART VI, SECTION A, LINE 7B DUES INCREASES ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS WILL CONDUCT A THOROUGH REVIEW OF THE 990 BEFORE THE DOCUMENTS ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE HR MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICY. EACH EMPLOYEE HAS A DUTY TO PLACE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS' INTERESTS FOREMOST IN ANY PERSONAL DEALINGS WITH NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND HAS A CONTINUING RESPONSIBILITY TO COMPLY WITH THE REQUIREMENTS OF THIS POLICY. THE CONDUCT OF PERSONAL BUSINESS BETWEEN ANY EMPLOYEE AND NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS IS PROHIBITED WITHOUT WRITTEN APPROVAL OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS, AFTER FULL DISCLOSURE BY THE EMPLOYEE. EACH EMPLOYEE MUST SIGN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT FOR PURPOSES OF PROVIDING MANAGEMENT WITH THE INFORMATION NEEDED TO IMPLEMENT THIS POLICY. EMPLOYEE DISCLOSURE STATEMENTS WILL BE REVIEWED BY THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS PRESIDENT, WHO WILL RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT(S). EACH EMPLOYEE SHALL ANNUALLY SIGN A DISCLOSURE STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY. THE DISCLOSURE STATEMENT WILL ALSO PROVIDE AN OPPORTUNITY TO DISCLOSE OR DISCLAIM SPECIFIC FINANCIAL INTERESTS. THIS POLICY APPLIES TO THE BOARD OF DIRECTORS AS WELL AS ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS AND STUDIES TO DETERMINE THE APPROPRIATE COMPENSATION AMOUNTS. ONCE APPROVED BY THE COMPENSATION COMMITTEE, A WRITTEN EMPLOYMENT CONTRACT IS WRITTEN FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE EXECUTIVE MANAGEMENT TEAM. QUATT ASSOCIATES WAS USED TO CONDUCT OUR MOST RECENT ORGANIZATION WIDE COMPENSATION REVIEW. OUR PRESIDENT OVERSAW THIS REVIEW PROCESS WITH THE INDEPENDENT COMPENSATION CONSULTANT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G SERVICE CENTER FEES: PROGRAM SERVICE EXPENSES 684,518. MANAGEMENT AND GENERAL EXPENSES 75,591. FUNDRAISING EXPENSES 48,526. TOTAL EXPENSES 808,635. HONORARIA: PROGRAM SERVICE EXPENSES 91,601. MANAGEMENT AND GENERAL EXPENSES 10,115. FUNDRAISING EXPENSES 6,494. TOTAL EXPENSES 108,210. CONSULTANTS: PROGRAM SERVICE EXPENSES 1,969,830. MANAGEMENT AND GENERAL EXPENSES 217,527. FUNDRAISING EXPENSES 139,644. TOTAL EXPENSES 2,327,001. TEMPORARY AGENCY: PROGRAM SERVICE EXPENSES 11,322. MANAGEMENT AND GENERAL EXPENSES 1,250. FUNDRAISING EXPENSES 803. TOTAL EXPENSES 13,375.