2022-08-11T13:48:47-05:00 2021-09-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2020-10-01 341986692 BUSINESS - HIGHER EDUCATION FORUM BUSI 2023671189 ONE DUPONT CIRCLE NO 360 WASHINGTON DC 20036 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 2023671189 2022-08-11 1 BRIAN FITZGERALD 999009999 KAY VOLLANS CPA P01404047 3015643636 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN K FITZGERALD ONE DUPONT CIRCLE NO 360 WASHINGTON DC 20036 1983140 0 X WWW.BHEF.COM X 2004 DC TO ADVANCE INNOVATION SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES. 18 18 11 18 0 0 1554887 940944 1600000 1025000 25724 17190 0 6 3180611 1983140 311492 0 0 0 651737 1837849 0 0 57379 2257697 634297 3220926 2472146 -40315 -489006 2337150 1952069 646924 718938 1690226 1233131 X THE BUSINESS-HIGHER EDUCATION FORUM (BHEF) IS A MEMBERSHIP ORGANIZATION OF FORTUNE 500 CEOS, COLLEGE AND UNIVERSITY PRESIDENTS, AND OTHER LEADERS WHO FORM STRATEGIC PARTNERSHIPS TO DEVELOP A HIGHLY-SKILLED FUTURE WORKFORCE WITH IT'S MEMBERS. BHEF CREATES UNDERGRADUATE PATHWAYS TO INCREASE BACCALAUREATE ATTAINMENT, IMPROVE ALIGNMENT BETWEEN HIGHER EDUCATION AND THE WORKFORCE, AND PRODUCE A DIVERSE, HIGHLY-SKILLED TALENT POOL TO MEET DEMAND IN EMERGING FIELDS. 0 0 1039652 THE JPMC PROJECT IMPLEMENTS PROJECTS WITH BUSINESS ROUND TABLE (BRT) COMPANIES IN IDENTIFIED REGIONS BY EMPLOYING BHEF'S STRATEGIC PARTNERSHIP IMPLEMENTATION PROCESS TO EACH REGION, WHICH WILL CREATE PURPOSEFUL STRATEGIC PARTNERSHIPS TO SUPPORT REGIONAL TALENT ECOSYSTEMS. BEYOND SUPPORTING THE INDIVIDUAL REGIONAL PROJECTS, BHEF WORKS WITH BRT IN CONNECTING, ALIGNING, AND CAPTURING LEARNING ACROSS THE DIFFERENT INITIATIVES. THIS KNOWLEDGE CAPTURE WILL ALLOW ALL BRT AND BHEF MEMBERS TO BENEFIT AND LEARN FROM THE ACTIVITIES IN THIS WORK. 421154 1025000 MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF CONDUCTING MEMBERSHIP ACTIVITY, WHICH INVOLVES RECRUITMENT, RETENTION AND COMMUNICATION. THIS IS ACHIEVED THROUGH IN-PERSON & PHONE MEETINGS, CORRESPONDENCE, AND COMMUNICATION. 176081 HIGHER EDUCATION WORKFORCE INITIATIVE (HEWI) - TO EXPAND OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS IN THE AREAS OF STEM, DATA SCIENCE, AND CYBERSECURITY. 1636887 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 9 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 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 NO 360 WASHINGTON DC 20036 RANDY WOODSON CHAIR 1.00 X X 0 0 0 MICHAEL D KING 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 ROBERT CARET BOARD MEMBER 1.00 X 0 0 0 JAMES P CLEMENTS BOARD MEMBER 1.00 X 0 0 0 JOHN J DEGIOIA BOARD MEMBER 1.00 X 0 0 0 NARIMAN FARVARDIN 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 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 MARY PAPAZIAN BOARD MEMBER 1.00 X 0 0 0 JAY A PERMAN BOARD MEMBER 1.00 X 0 0 0 BRIAN ROACH BOARD MEMBER 1.00 X 0 0 0 TIMOTHY D SANDS BOARD MEMBER 1.00 X 0 0 0 BARBARA SNYDER BOARD MEMBER 1.00 X 0 0 0 BRIAN FITZGERALD CHIEF EXECUTIVE OFFICER 40.00 X 187730 0 17725 STEPHEN BARKANIC CHIEF PROGRAM OFFICER 40.00 X 161291 0 8512 349021 0 26237 2 0 1 0 SMITHBUCKLIN CORPORATION 2001 K STREET NW THIRD FLOOR NORT WASHINGTON DC 20006 MANAGEMENT SERVICES 1090960 1 512730 428214 940944 MEMBERSHIP DUES 611710 1025000 1025000 1025000 17190 17190 MISCELLANEOUS REVENUE 6 6 6 1983140 1025000 0 17196 X 388232 300735 33310 54187 1184203 765940 418263 60812 42012 18800 92773 72613 20082 78 111829 78723 29992 3114 56000 56000 16487 16487 17190 17190 279589 248382 31207 104987 65183 39804 900 900 142169 142169 589 589 7233 7233 9153 9153 OVERHEAD/G&A ALLOCATION 0 62399 -62399 2472146 1636887 777880 57379 985376 748150 8750 0 175000 0 51706 44601 22074 9558 18597 12516 1086204 1135285 11517 11517 2337150 1952069 66865 124349 300000 550000 280059 44589 646924 718938 X 1186768 1166860 503458 66271 1690226 1233131 2337150 1952069 -489006 31911 0 X 0 1 X 1 0 X 2017300 2170305 2296868 1554887 940944 8980304 2017300 2170305 2296868 1554887 940944 8980304 1702003 7278301 18335 22399 27208 25724 17190 110856 6 6 9091166 7420162 0.80060 0.82410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22074 9558 12516 12516 DEFERRED LEASE LIABILITY 44589 44589 X 2015051 31911 31911 1983140 0 1983140 2472146 0 2472146 0 2472146 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 2021 AND 2020. 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, 2021 AND 2020. GENERALLY, THE TAX YEARS BEFORE 2018 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. 0 0 0 0 0 0 0 0 0 BRIAN FITZGERALD CHIEF EXECUTIVE OFFICER 187730 0 0 0 0 0 9497 0 8228 0 205455 0 0 0 STEPHEN BARKANIC CHIEF PROGRAM OFFICER 161291 0 0 0 0 0 3909 0 4603 0 169803 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 BHEF USED SMITHBUCKLIN FOR FINANCIAL MANAGEMENT SERVICES ONLY THRU SEPTEMBER 30, 2021. BHEF STARTED INTERNAL MANAGEMENT OF FINANCES AT OCTOBER 1, 2021. 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 247,433. MANAGEMENT AND GENERAL EXPENSES 31,207. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278,640. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 949. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 949.