2020-06-30T09:55:33-07:00 2019-06-30 410746749 CliftonLarsonAllen LLP 801 Cherry Street Suite 1400 Fort Worth TX 76102 990 2018-07-01 510172756 AACN CERTIFICATION CORPORATION AACN 9493622000 27071 Aliso Creek Road Aliso Viejo CA 926563399 Jeffrey Green Chief Financial Officer 9493622000 2020-06-29 1 Michaela J Cromar P00895728 8178822212 2020-06-26 165.225.216.179 2018 2020-09-23 17:36:50Z Dana Woods 27071 Aliso Creek Road Aliso Viejo CA 926563399 19485556 0 X www.certcorp.org X 1975 CA AACN Certification Corporation drives patient health and safety through comprehensive credentialing of acute and critical care nurses ensuring practice consistent with standards of excellence. 9 9 0 130 28142 14792 48000 46000 8630902 9325065 1563541 1688152 146772 148456 10389215 11207673 0 0 0 0 0 0 0 0 0 8377127 9072930 8377127 9072930 2012088 2134743 27662743 30266363 1676032 1763922 25986711 28502441 AACN Certification Corporation contributes to consumer health and safety through comprehensive credentialing of nurses to ensure their practice is consistent with established standards of excellence in caring for acutely and critically ill patients and their families. 0 0 AACN Certification Corporation administers fourteen separate credentialing exams: Adult, Pediatric and Neonatal critical-care exams, Adults, Pediatric and Neonatal critical-care Knowledge designation exams, a CCRN-e exam for teleICU nurses, Progressive Care, Cardiac Medicine, Cardiac Surgery, Acute Care Nurse Practitioner exams, and the Clinical Nurse Specialist exams (ACCNS-AG, ACCNS-P, ACCNS-N). For our fiscal year ended June 30, 2019, we had 28,582 nurses register to take these exams. During the year, 18,587 nurses passed these rigorous exams to become certified. In addition to our initial exams, nurses are required to be recertified every three years for our certifications (except for the ACNP and CNS certification (renewal only) which lasts five years). The nurse maintains certification based on the recertification process which consists of a combination of working with critically ill patients and obtaining continuing education credits (CE's) throughout the term of their certification period. In the fiscal year ended June 30, 2019, we had 25,691 nurses recertify one or more of the certifications administered by AACN Certification Corporation. Overall, there are approximately 123,828 nurses that are certified in one or more of the categories of certification offered by AACN Certification Corporation. 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 6 0 0 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X Michael Wulf 9493622000 101 Columbia Suite 200 Aliso Viejo CA 92656 Denise Buonocore Chairperson 5 0 X X 0 0 0 Lisa Falcon Chair-elect 5 0 X X 0 0 0 Elizabeth Scruth Secretary & Treasurer 2 0 X X 0 0 0 Elizabeth Bridges Director 2 4 X 0 0 0 Justin DiLibero Director 2 4 X 0 0 0 Lori Cox Director 2 0 X 0 0 0 Teresa Jahn Director 2 0 X 0 0 0 Myra Ellis Director 2 0 X 8995 0 0 Patty Cox Director 2 0 X 0 0 0 Dana Woods Chief Executive Officer 15 40 X 0 489299 48158 Michael C Willett Chief Financial Officer 10 40 X 0 281949 34107 8995 771248 82265 0 0 1 0 PSI Services LLC 18000 W 105th Street Olathe KS 660617543 Provides testing services 2155912 Merrill Lynch 7825 Fay Avenue Suite 300 La Jolla CA 92037 Investment Advisor 198038 2 0 0 0 0 0 46000 0 46000 Exam fee revenue 541900 6246465 6246465 0 0 Recertification revenue 541900 3078600 3078600 0 0 0 0 0 0 9325065 627888 0 0 627888 0 0 0 0 92772 0 28142 64630 0 0 9338147 0 8277883 0 1060264 0 1060264 0 0 1060264 0 Certification celebration dinner fees 813920 55050 0 0 55050 634 634 0 0 55684 11207673 9325699 28142 1807832 X 0 0 0 0 0 0 0 0 0 0 0 7479 2400 0 0 198038 2212725 664474 93393 0 0 0 283665 0 193550 0 0 0 0 Administrative expense allocation from affiliate 3504588 Direct personnel costs paid by affiliate 1817264 Property and other taxes 3121 92233 9072930 0 0 0 752865 207288 2982501 5196962 0 0 37899 22818 0 0 0 0 0 0 0 0 3850 3779 23882150 24787776 0 0 0 0 0 0 3478 47740 27662743 30266363 1114174 1036129 0 0 561858 727793 0 0 0 0 0 0 0 0 0 0 0 0 1676032 1763922 X 25986711 28502441 0 0 0 0 25986711 28502441 27662743 30266363 2134743 380987 0 0 0 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 11405993 380987 0 0 15371 396358 11009635 198038 0 198038 11207673 8875606 0 0 0 714 714 8874892 198038 0 198038 9072930 Schedule D, Part X, Line 2 The Association follows the accounting standard regarding the recognition and measurement of uncertain tax positions. The Association evaluated its tax positions and determined that its positions are more-likely-than-not to be sustained on examination. The Association's tax returns are subject to review and examination by federal and state authorities. Schedule D, Part XI, Line 2d A post audit entry between AACN Certification Corporation and it's affiliate reduced revenue ($14,657). Also included here is cash discounts recorded as revenue in audit but as expense offset in tax return ($714). Schedule D, Part XII, Line 2d Cash discounts recorded as revenue in audit which are recorded as an offset to expense in tax return ($714). X X 1 1 0 0 0 Dana Woods Chief Executive Officer 0 480702 0 0 0 8597 0 36128 0 29920 0 555347 0 0 Michael C Willett Chief Financial Officer 0 277618 0 1500 0 2831 0 20923 0 20466 0 323338 0 0 Schedule J, Part I, Line 1a The CEO contract allows for her to bring her husband to our national conference, the National Teaching Institute (NTI), held annually in May. This is the only trip where she is reimbursed for companion travel. This amount, if incurred, is included in her taxable compensation. The volunteer Chairperson and Chair-elect receive a clothing allowance to defray the personal cost for speaking engagements on behalf of the Association. The allowance is for purchases up to $5,000 and is grossed up 50% to ensure the volunteer is not impacted financially by the clothing compensation. The CEO contract allows for up to $5,000 annually in travel upgrades Form 990, Part VI, Section A, Line 7a The AACN Certification Corporation Board of Directors is comprised of nine voting directors and the CEO who serves as an ex-officio member with no power to vote. For seven of the director positions, candidates are vetted by a governance committee and then forwarded to both the AACN Certification Board as well as the AACN Board of Directors for appointment to a 3-year term in office. The two additional directors share joint appointments on the AACN and AACN Certification boards and are designated by the President of AACN and the Chairperson of AACN Certification Corporation to serve a one-year term on the Certification Board while fulfilling their three-year AACN board term. Form 990, Part VI, Section A, Line 7b The bylaws of AACN Certification Corporation state that the following actions need to be approved by the written assent of its sole shareholder, AACN: (a) the borrowing of money for long-term capital needs of Certification; (b) the purchase, sale, lease, disposition or hypothecation of real property by Certification; (c) the merger, dissolution, or sale of all assets of Certification; and (d) the amendment of the Articles of Incorporation or Bylaws of AACN Certification Corporation. Form 990, Part VI, Section A, Line 8b There are no committees of the AACN Certification Corporation that have the authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, Line 11b The completed form 990 and related schedules are disseminated to the Audit Committee for review in advance of a conference call for the purpose to review and approve the return. All Audit Committee members, along with the Chief Financial Officer, participate in a conference call where all questions or concerns raised by the committee members are resolved to ensure unanimous approval of the return. The Audit Committee then reports any findings to the full Board of Directors and the completed return is disseminated to all members of the Board. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy is reviewed annually at the Fall Board meeting as this is the orientation meeting for newly elected Directors. Each Director is required annually to complete a Conflicts of Interest Statement that lists any potential conflicts. In addition, all employees agree to Conflict of Interest and Work Ethics statements contained in the Employee Handbook. Any disclosed potential conflicts are monitored by the Governance team and, when appropriate, Board members who have a conflict would be recused from participating in any decision making subject to the conflict. Form 990, Part VI, Section C, Line 19 AACN Certification Corporation does not make governing documents or conflict of interest policies available to the public. The financial statements of the organization are part of the consolidated audited financial statements that are published to the AACN membership within 120 days of the end of the fiscal year. The financial report is included in the Association newsletter, AACN Bold Voices, which is available to the public digitally on the AACN website. The audited financial statements are posted on the AACN website and are available to the public upon request. Form 990, Part IX, Line 11g The bulk of these costs are due to obligations due our testing service provider who is paid for each candidate who sits for an exam. In addition, fees are paid to the testing service provider for professional services related to test construction, item writing, and studies of practice to ensure our exams are based on up to date best practices. American Association of Critical-Care Nurses 101 Columbia Suite 200 Aliso Viejo CA 926564109 952706905 American Association of Critical-Care Nursing is a professional nursing membership organization CA 501(c)(3) 9 N/A 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 American Association of Critical-Care Nurses a-iii 35587 Royalties paid by American Association of Critical Care Nurses (AACN) for Certification recognition products sold at conferences and through an online bookstore. Amount transferred to Certification is based on the gross profit derived for the sale of these Certification items. Examples of Certification products include badge holders, pins, pens, fleeces, etc. American Association of Critical-Care Nurses d 21000000 AACN Certification guaranteed a mortgage loan on behalf of its affiliate related to the purchase of a new property which will be both organization's future headquarter site. American Association of Critical-Care Nurses n 1134497 Corporate overhead costs are allocated among the related entities using a step-basis methodology based on each entity's usage of these shared services. Each department cost (includes customer care, finance, information technology, human resources, meetings, executive, mailing & fulfillment, facilities, business strategy and insights, and organizational effectiveness) is allocated based on estimated time spent by team members, space allocations, percentage of direct program costs, etc. Allocations are done on each department based on these estimates and charged to each separate entity on a monthly basis. American Association of Critical-Care Nurses o 2421919 Included in the allocation of overhead costs is the cost of salaries and benefits for these support departments. In these departments, salaries and benefits expenses make up 68.1% of the overall costs. Based on this percentage, the amount recorded here represents 68.1% of the $3,556,416 total general and administrative costs allocated to AACN Certification Corporation. American Association of Critical-Care Nurses p 3556416 Reimbursements from one entity to another flow through the intercompany account balances. As an example, all cash is deposited to the AACN account. Amounts from Certification create a receivable due them and a payable on AACN's records. Similarly, most expenses are paid by AACN, and when Certification related payments are made they create a receivable for AACN and a payable for Certification Corporation. Quarterly we review the intercompany account balances and transfer funds between organizations to ensure that the intercompany balances are paid. American Association of Critical-Care Nurses q 0 Reimbursements from one entity to another flow through the intercompany account balances. As an example, all cash is deposited to the AACN account. Amounts from Certification create a receivable due them and a payable on AACN's records. Similarly, most expenses are paid by AACN, and when Certification related payments are made they create a receivable for AACN and a payable for Certification Corporation. Quarterly we review the intercompany account balances and transfer funds between organizations to ensure that the intercompany balances are paid.