2021-03-25T19:00:24-05:00 2020-09-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2019-10-01 341986692 BUSINESS - HIGHER EDUCATION FORUM BUSI 2023671189 ONE DUPONT CIRCLE NO 360 WASHINGTON DC 20036 BRIAN K FITZGERALD CHIEF EXECUTIVE OFFICER 2023671189 2021-03-24 1 KAY VOLLANS CPA P01404047 3015643636 2019 2022-09-23 18:48:47Z X BRIAN K FITZGERALD ONE DUPONT CIRCLE NO 360 WASHINGTON DC 20036 3180611 0 X WWW.BHEF.COM X 2004 DC TO ADVANCE INNOVATION SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES. 18 18 0 18 0 0 2296868 1554887 1690000 1600000 27208 25724 3206 0 4017282 3180611 864727 311492 0 0 0 651737 0 0 139412 2899116 2257697 3763843 3220926 253439 -40315 3043573 2337150 1356912 646924 1686661 1690226 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 1307483 311492 HIGHER EDUCATION WORKFORCE INITIATIVE (HEWI) - TO EXPAND OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS IN THE AREAS OF STEM, DATA SCIENCE, AND CYBERSECURITY. 376252 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. 262981 1600000 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. 161939 CONFERENCES - BHEF CONDUCTS SEMI-ANNUAL MEMBER CONFERENCES TO SUSTAIN THE CONTINUING DIALOGUE BETWEEN IT'S CORPORATE, ACADEMIC, AND FOUNDATION MEMBERS ON ISSUES RELATED TO THE U.S. EDUCATION SYSTEM. POLICY-MAKERS FROM STATE AND FEDERAL GOVERNMENTS ARE OFTEN INVITED TO PARTICIPATE IN THESE DISCUSSIONS. ACADEMIC LEADERS IN CUTTING-EDGE EDUCATIONAL ENDEAVORS AND EDUCATION FOUNDATION EXECUTIVES ALSO PARTICIPATE AT THESE MEETINGS. MANY GIVE PRESENTATIONS ON SUCCESSFUL LOCAL EDUCATIONAL EFFORTS THAT MAY BE APPLICABLE ON A BROADER REGIONAL OR NATIONAL SCALE. 351002 ALL OTHER PROGRAMS 512941 2459657 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 0 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 0 0 0 X STACEY BROWN 2023671189 ONE DUPONT CIRCLE NO 360 WASHINGTON DC 20036 X 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 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 2001 K STREET NW THIRD FLOOR NORT WASHINGTON DC 20006 MANAGEMENT SERVICES 2115408 LIVEWIRE 2800 SHIRLINGTON ROAD SUITE 401 ARLINGTON VA 22206 STRATEGIC COMMUNICATIONS CONSULTANT 132000 GREATER WASHINGTON PARTNERSHIP 1200 17TH STREET NW SUITE 550 WASHINGTON DC 20001 CONSULTING SERVICES 100000 3 1103395 451492 1554887 MEMBERSHIP DUES 611710 1600000 1600000 1600000 25724 25724 3180611 1600000 0 25724 X 311492 311492 119770 83839 11977 23954 440682 290261 117097 33324 16788 11994 4187 607 26852 18638 6677 1537 47645 32715 9583 5347 1501776 988467 446171 67138 11941 11941 15994 2200 13794 484562 460476 24086 81052 39687 41296 69 1081 567 514 67603 29601 31242 6760 38115 35623 1816 676 46678 45384 1294 2325 2325 6570 6570 OVERHEAD/G&A ALLOCATION 0 108713 -108713 3220926 2459657 621857 139412 840256 985376 528450 8750 653202 175000 4806 51706 20922 2325 0 18597 1016859 1086204 0 11517 3043573 2337150 506912 66865 850000 300000 0 280059 1356912 646924 X 1070571 1186768 616090 503458 1686661 1690226 3043573 2337150 -40315 43880 0 X X 0 1 X 1 1 1 X 1113483 2017300 2170305 2296868 1554887 9152843 1113483 2017300 2170305 2296868 1554887 9152843 1509892 7642951 27253 18335 22399 27208 25724 120919 9273762 7775460 0.82410 0.79800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20922 2325 18597 18597 SBA PPP LOAN LIABILITY 249800 DEFERRED LEASE LIABILITY 30259 280059 X 3224491 43880 43880 3180611 0 3180611 3220926 0 3220926 0 3220926 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 LIABILITIES FOR FISCAL YEARS 2020 AND 2019. 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, 2020 AND 2019. GENERALLY, THE TAX YEARS BEFORE 2017 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. 0 HOWARD UNIVERSITY 2400 SIXTH STREET NW WASHINGTON DC 20059 530204707 501(C)(3) 34000 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. VIRGINIA TECH UNIVERSITY 300 TURNER STREET NW BLACKSBURG VA 24061 546001805 170 (C)(1) 39952 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. GEORGETOWN UNIVERSITY 37TH O ST NW WASHINGTON DC 20057 530196603 501(C)(3) 19860 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. AMERICAN UNIVERSITY 4400 MASSACHUSETTS AVE NW WASHINGTON DC 20016 530196549 501(C)(3) 39999 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170 (C)(1) 39999 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. THE GEORGE WASHINGTON UNIVERSITY 2121 I STREET NW WASHINGTON DC 20052 530196584 501(C)(3) 17682 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. UNIVERSITY OF MARYLAND COLLEGE PARK 3501 UNIVERSITY BLVD EAST ADELPHI MD 20783 526002033 170 (C)(1) 40000 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. UNIVERSITY OF RICHMOND 28 WESTHAMPTON WAY RICHMOND VA 23173 540505965 501(C)(3) 40000 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. VIRGINIA COMMONWEALTH UNIVERSITY 910 W FRANKLIN STREET RICHMOND VA 23284 526001758 170 (C)(1) 40000 IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. 9 0 FORM 990, PART VI, SECTION A, LINE 3 SMITHBUCKLIN PERFORMED ALL MANAGEMENT DUTIES UNTIL MAY 2020. 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 MEMBERS OF THE EXECUTIVE COMMITTEE FOR REVIEW 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 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 450,001. MANAGEMENT AND GENERAL EXPENSES 24,086. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 474,087. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,475. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR.