2019-05-13T09:28:36-07:00 2018-06-30 410746749 CliftonLarsonAllen LLP 901 N Glebe Road Suite 200 Arlington VA 22203 990 2017-07-01 510172756 AACN CERTIFICATION CORPORATION AACN 9493622000 101 Columbia Suite 200 Aliso Viejo CA 926564109 Michael Willett Chief Financial Officer 9493622000 2019-05-10 1 David Trimner P00444822 5712279676 2019-05-10 104.129.194.128 2017 2019-02-21 02:37:17Z Dana Woods 101 Columbia Suite 200 Aliso Viejo CA 926564109 17739758 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 31732 7726 54000 48000 7629952 8630902 1339420 1563541 127313 146772 9150685 10389215 0 0 0 0 1177 0 0 0 0 7743765 8377127 7744942 8377127 1405743 2012088 25397501 27662743 1501590 1676032 23895911 25986711 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, 2018, we had 27,055 nurses register to take these exams. During the year, 17,254 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 CNS certification (renewal only) which lasts four years and the ACNPC certifications which lasts five years). The nurse maintains certification based on the recertification process which consists of a combination of working directly 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, 2018, we had 21,890 nurses recertify one or more of the certifications administered by AACN Certification Corporation. Overall, there are approximately 114,797 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 X 9 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Michael Wulf 9493622000 101 Columbia Suite 200 Aliso Viejo CA 92656 Karen S Kesten Chairperson 5 0 X X 0 0 0 Denise Buonocore Chair-Elect 5 0 X X 0 0 0 Teresa Jahn Secretary & Treasurer 2 0 X X 0 0 0 Lori Cox Director 2 0 X 0 0 0 Patty Cox Director 2 0 X 0 0 0 Kimberly Curtin Director 2 4 X 0 0 0 Lisa Falcon Director 2 0 X 0 0 0 Louise Saladino Director 2 4 X 0 0 0 Elizabeth Scruth Director 2 0 X 0 0 0 Dana Woods Chief Executive Officer 15 40 X 0 409938 43450 Michael C Willett Chief Financial Officer 10 40 X 0 273057 31648 0 682995 75098 0 0 1 0 PSI Services LLC 18000 W 105th Street Olathe KS 660617543 Provides testing services 1954171 Merrill Lynch 7825 Fay Avenue Suite 300 La Jolla CA 92037 Investment Advisor 203855 2 0 0 0 0 0 48000 0 48000 Exam fee revenue 541900 5931840 5931840 0 0 Recertification revenue 541900 2698660 2698660 0 0 402 402 0 0 8630902 521994 0 0 521994 0 0 0 0 99732 0 31732 68000 0 0 8392090 0 7350543 0 1041547 0 1041547 0 0 1041547 0 Certification celebration dinner 813920 47040 0 0 47040 0 0 0 0 47040 10389215 8630902 31732 1678581 X 0 0 0 0 0 0 0 0 0 0 0 1725 0 0 0 203855 2273778 411301 91300 0 0 0 240097 0 148475 0 0 0 0 Administrative expense allocation 3215277 Direct personnel costs paid by affiliate 1706914 Property taxes 92 84313 8377127 0 0 0 283337 752865 2069873 2982501 0 0 180624 37899 0 0 0 0 0 0 0 0 3818 3850 0 22859849 23882150 0 0 0 0 0 0 0 3478 25397501 27662743 1043974 1114174 0 0 457616 561858 0 0 0 0 0 0 0 0 0 0 0 1501590 1676032 X 23895911 25986711 0 0 0 0 23895911 25986711 25397501 27662743 2012088 78712 0 0 0 0 X 0 1 X 1 0 0 X 10265045 78713 0 0 972 79685 10185360 203855 0 203855 10389215 8174245 0 0 0 973 973 8173272 203855 0 203855 8377127 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 Cash discounts recorded as revenue in audit, recorded as expense offset in tax return. Schedule D, Part XII, Line 2d Cash discounts recorded as revenue in audit, recorded as expense offset in tax return. X X X 1 1 0 0 0 Dana Woods Chief Executive Officer 0 409938 0 0 0 0 0 30857 0 14324 0 455119 Michael C Willett Chief Financial Officer 0 271557 0 1500 0 0 0 20468 0 12667 0 306192 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 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 Schedule J, Part I, Line 3 The process of reviewing and setting CEO compensation is the responsibility of the AACN CEO Compensation and Evaluation Committee. This committee is comprised of the President and President-elect, with the Immediate Past President serving as an ad-hoc member (note that all of these are volunteer, non-compensated positions). The current Treasurer and Secretary of the Board join and serve on the committee whenever decisions related to CEO compensation are required (these too are volunteer, non-compensated positions). The Committee performs an annual performance evaluation and a review of comparable compensation data. The Chief Financial Officer (CFO) provides consultation to the committee related to CEO compensation benchmarking surveys. An independent consulting firm was engaged to review and opine on the CEO compensation. The last CEO compensation review and adjustment occurred in December 2017. The CEO is accountable for compensation levels for all other positions. Each team member receives an annual review and compensation adjustment at the beginning of the calendar year. Salary adjustments are aligned with the annual budget and are allocated based on benchmark salary data and the performance evaluation of each team member. The last salary adjustment occurred in January, 2018. 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 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. 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 Most of this amount is paid to our testing service provider who is paid for each candidate who sits for an exam. In addition, fees paid to the testing service provider include 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 American Association of Critical-Care Nurses n 1059112 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 2156165 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 67.06% of the overall costs. Based on this percentage, the amount recorded here represents 67.06% of the $3,215,277 total general and administrative costs allocated to AACN Certification Corporation. American Association of Critical-Care Nurses p 3215277 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.