2025-06-11T17:45:08-05:00 2024-09-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2023-10-01 341986692 BUSINESS - HIGHER EDUCATION FORUM BUSI 2023671189 ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 KRISTEN FOX CHIEF EXECUTIVE OFFICER 2023671189 2025-06-11 1 0 KAY VOLLANS CPA P01404047 3015643636 2023 2025-03-06 01:10:19Z KRISTEN FOX ONE DUPONT CIRCLE 360 WASHINGTON DC 20036 1969422 0 X WWW.BHEF.COM X 2004 DC TO ADVANCE INNOVATIVE SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES AND DEVELOP A SKILLED AND RESILIENT WORKFORCE THAT DRIVES INNOVATION, FUELS ECONOMIC GROWTH, AND EMPOWERS INDIVIDUALS TO THRIVE IN MEANINGFUL CAREERS. 15 14 13 14 0 0 1245584 1097012 1014138 850043 5969 22367 0 0 2265691 1969422 0 16000 0 0 1939863 1627452 0 0 0 898074 1072580 2837937 2716032 -572246 -746610 2524066 1614580 1587355 1361685 936711 252895 X THE BUSINESS-HIGHER EDUCATION FORUM IS A NATIONAL NETWORK THAT CONNECTS CORPORATE AND COLLEGE LEADERS TO IDENTIFY AND BUILD THE TALENT SOLUTIONS THAT ADDRESS PRIORITY TALENT NEEDS FOR EMPLOYERS AND THE AMERICAN ECONOMY. CORPORATE EXECUTIVES AND UNIVERSITY LEADERS 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 AND PARTNERSHIPS. OUR WORK FOCUSES ON THREE MAIN OUTCOMES:- ALIGN SKILLS AND CREDENTIALS: INCREASE THE NUMBER OF LEARNERS/ EARNERS COMPLETING WITH HIGH-VALUE SKILLS, CREDENTIALS ALIGNED TO EMPLOYER NEEDS AND TO EMPOWER A STRONG, COMPETITIVE WORKFORCE- BUILD TALENT-READY MODELS: EXPAND ACCESS AND ADOPTION OF WORK-INTEGRATED LEARNING MODELS THAT QUICKLY CONNECT AND PREPARE TALENT FOR EMERGING AND HIGH-DEMAND ROLES 0 0 632734 16000 AS PART OF BHEF'S REGIONAL TALENT INITIATIVES, FUNDED BY THE JPMORGAN CHASE FOUNDATION, THIS INITIATIVE PARTNERS WITH BUSINESS ROUNDTABLE (BRT) COMPANIES AND BHEF NETWORK 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 EMERGING AND HIGH-TECH FIELDS SUCH AS CYBERSECURITY, DATA ANALYTICS, SKILLED TRADES, AI, 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. 462938 850043 NETWORK MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF DRIVING MEMBERSHIP NETWORK ACTIVITY, WHICH INVOLVES RECRUITMENT, ENGAGEMENT, COMMUNICATION, AND SERVICE DELIVERY. THIS IS ACHIEVED THROUGH IN-PERSON AND VIRTUAL CONVENINGS, COLLABORATIVE RESEARCH AND PROGRAMMATIC INITIATIVES AND COMMUNICATION. 204866 ONE OF BHEF'S REGIONAL TALENT INITIATIVES, THIS PROGRAM IS 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, AI, 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. 229690 NUMBER 4: BHEF PROVIDES TECHNICAL ASSISTANCE TO WEST GEORGIA TECHNICAL COLLEGE (WGTC) 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. NUMBER 5: FUNDED BY THE STRADA EDUCATION FOUNDATION, OUR ANNUAL REPORT SERIES IS A RESOURCE THAT GATHERS INTELLIGENCE FROM EMPLOYERS TO IDENTIFY THE EMERGING SKILLS AND PARTNERSHIP MODELS THAT ARE NEEDED TO DRIVE CLOSER ALIGNMENT ACROSS CURRICULUM AND TALENT PIPELINES. RELEASED IN THE FORM OF A PUBLICLY AVAILABLE REPORT, "FORGING PARTNERSHIPS TO ALIGN EDUCATION AND INDUSTRY FOR THE WORKFORCE OF TOMORROW," THIS RESOURCE SHARES DATA INSIGHTS AND ACTIONABLE EXAMPLES TO ENABLE HIGHER EDUCATION PATHWAYS TO BE DEVELOPED TO BETTER ALIGN TO INDUSTRY NEEDS. NUMBER 6: FUNDED BY THE ECMC FOUNDATION, THE BUSINESS-HIGHER EDUCATION FORUM'S (BHEF) FACULTY INNOVATION FELLOWSHIP BRINGS A CHANGE MANAGEMENT AND EMPLOYER ALIGNMENT METHODOLOGY TO ENABLE EMERGING HIGHER EDUCATION LEADERS TO DESIGN, DEVELOP, AND LEAD THE DEVELOPMENT OF EFFECTIVE, INDUSTRY-ALIGNED TALENT PIPELINES THAT EXPAND PATHWAYS TO STUDENT SUCCESS. COLLABORATION BETWEEN BUSINESS AND HIGHER EDUCATION IS VITAL TO ENSURE THAT HIGHER EDUCATION EXPERIENCES PAVE THE WAY FOR REWARDING EMPLOYMENT. FACULTY FELLOWS ARE LEADERS EMPOWERED TO DRIVE POSITIVE CHANGE THAT POSITION STUDENTS FOR SUCCESS AND ENABLES THEIR INSTITUTIONS TO BE LEADERS IN EMPLOYER ENGAGEMENT. NUMBER 7: FUNDED BY THE STRADA EDUCATION FOUNDATION, THE PUBLICLY AVAILABLE "EXPANDING INTERNSHIPS: HARNESSING EMPLOYER INSIGHTS TO BOOST OPPORTUNITY AND ENHANCE LEARNING" FILLS AN EVIDENCE GAP BY EXAMINING THE EMPLOYER PERSPECTIVE ON WBL. BY INTERVIEWING 2,700 EMPLOYERS, COMPLETING A LITERATURE REVIEW AND CONDUCTING INTERVIEWS AND FOCUS GROUPS, THE REPORT IDENTIFIES THE KEY CHALLENGES COMPANIES FACE IN OFFERING INTERNSHIPS, FROM OPERATIONAL CONSTRAINTS TO MARKET UNCERTAINTIES. IT ALSO HIGHLIGHTS THE IMPORTANCE OF QUALITY IN INTERNSHIP PROGRAMS AND THE NEED TO INCREASE OPPORTUNITIES FOR STUDENTS. THIS REPORT WAS A FIRST STEP IN OUR WORK TO EXPAND CAPACITY IN THIS AREA. CONFERENCES: BHEF CONDUCTS SEMI-ANNUAL CONVENINGS TO CATALYZE DIALOGUE AND ACTION BETWEEN ITS CORPORATE AND ACADEMIC NETWORK AND FOUNDATION AND STRATEGIC PARTNERS ON ISSUES RELATED TO BUSINESS TALENT NEEDS, WORKFORCE DEVELOPMENT, AND HIGHER EDUCATION INNOVATION TO MEET THESE NEEDS. POLICYMAKERS 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. 229690 1530228 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 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 K FITZGERALD CHIEF EXECUTIVE OFFICER (END 1/2024) 25.00 X 173426 0 25991 KRISTEN FOX CHIEF EXECUTIVE OFFICER (BEG 1/2024) 25.00 X 0 0 0 JENNIFER THORNTON SR. DIRECTOR 30.00 X 189422 0 23207 BRUCE GARDNER VP OF MEMBERSHIP (END 2/2024) 40.00 X 236250 0 16751 STACEY BROWN CFO 40.00 X 185675 0 20737 SUZANNE AMOONARQUAH DIRECTOR OF OPERATIONS 40.00 X 149699 0 18314 STEPHANIE BLOCHINGER DIRECTOR OF MEMBERSHIP 40.00 X 137083 0 10039 CANDACE WILLIAMS DIRECTOR REGIONAL INITIATIVES 40.00 X 116386 0 13508 MARY PAPAZIAN PAST CHAIR / PT CEO 20.00 X X 69000 0 0 TIMOTHY D SANDS CHAIR 1.00 X X 0 0 0 LAURA K IPSEN 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 EARL F MARTY MARTIN BOARD MEMBER 1.00 X 0 0 0 BRIAN A NAPACK 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 1256941 0 128547 7 0 1 0 DEBORAH HODGE 800 4TH STREET SW WASHINGTON DC 20024 CONSULTANT 159895 1 1097012 1097012 MEMBERSHIP DUES 611710 850043 850043 850043 22367 22367 1969422 850043 0 22367 X 16000 16000 598824 239530 359294 846689 386303 460386 44025 20140 23885 29901 13582 16319 108013 46886 61127 17403 17403 19800 19800 597772 511501 86271 113240 81254 31986 9634 3437 6197 117363 117363 59658 42866 16792 130656 59398 71258 142 142 6912 94 6818 OVERHEAD/G&A ALLOCATION 0 109237 -109237 2716032 1530228 1185804 0 1059926 172713 55168 56573 3085 8853 15190 11517 22074 22074 142 0 572842 658003 817713 706921 2524066 1614580 161059 131702 545000 454979 881296 775004 1587355 1361685 X -8684 -252113 945395 505008 936711 252895 2524066 1614580 -746610 62794 0 X X 0 1 X 1 0 X 1554887 940944 1567438 1245584 1097012 6405865 1554887 940944 1567438 1245584 1097012 6405865 2382157 4023708 25724 17190 23180 19153 22367 107614 6 6 6513485 5689201 0.61780 0.58800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22074 22074 0 0 OPERATING LEASE ROU ASSET 706921 706921 OPERATING LEASE LIABILITY 775004 775004 X 2032216 62794 62794 1969422 0 1969422 2716032 0 2716032 0 2716032 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 2024 AND 2023. 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, 2024 AND 2023. GENERALLY, THE TAX YEARS BEFORE 2021 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. 0 WAKE TECHNICAL COMMUNITY COLLEGE 9101 FAYETTEVILLE ROAD RALEIGH NC 276035969 560792775 GOV'T UNIT 16000 0 SUBAWARD GRANT 1 0 1 X X X X 0 0 0 0 0 0 0 1 0 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER (END 1/2024) 173426 0 0 0 0 0 10406 0 15585 0 199417 0 0 0 JENNIFER THORNTON SR. DIRECTOR 189422 0 0 0 0 0 11365 0 11842 0 212629 0 0 0 BRUCE GARDNER VP OF MEMBERSHIP (END 2/2024) 236250 0 0 0 0 0 14175 0 2576 0 253001 0 0 0 STACEY BROWN CFO 185675 0 0 0 0 0 10395 0 10342 0 206412 0 0 0 SUZANNE AMOONARQUAH DIRECTOR OF OPERATIONS 149699 0 0 0 0 0 8982 0 9332 0 168013 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 III, LINE 1: - CATALYZE REGIONAL INITIATIVES: SCALE AND IMPLEMENT NATIONAL MODELS AND BEST PRACTICES WITH REGIONAL EMPLOYER-LED NETWORKS AND PARTNERS FORM 990, PART VI, SECTION A, LINE 6 THE FORUM HAS MULTIPLE CLASSES OF MEMBERSHIP WITH NO RESTRICTIONS ON THE NUMBER OF MEMBERS. MEMBERS CONSIST OF CORPORATE LEADERS SUCH AS 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. AFFILIATE MEMBERSHIP CATEGORIES ENABLE MISSION-ALIGNED NON-PROFIT, GOVERNMENTAL AND OTHER ENTITIES TO PARTICIPATE IN THE BHEF NETWORK AS WELL. 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 476,210. MANAGEMENT AND GENERAL EXPENSES 83,320. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 559,530. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 35,291. MANAGEMENT AND GENERAL EXPENSES 2,951. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,242. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.