2019-07-12T16:09:09-05:00 2018-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BOULEVARD SUITE 500 GAITHERSBURG MD 20878 990 2018-01-01 526041929 AMERICAN ASSOCIATION OF COLLEGES FOR TEACHER EDUCATION AMER 2022932450 1307 NEW YORK AVE NW NO 300 WASHINGTON DC 200054721 LYNN M GANGONE PRESIDENT AND CEO 2022932450 2019-07-11 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.130 2019-07-11 19:55:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2019-02-21 02:37:17Z LYNN M GANGONE 1307 NEW YORK AVE NW NO 300 WASHINGTON DC 200054721 5924978 0 X WWW.AACTE.ORG X 1948 DC AACTE LEADS THE FIELD IN ADVOCATING FOR AND BUILDING CAPACITY FOR HIGH-QUALITY EDUCATOR PREPARATION PROGRAMS IN A DYNAMIC LANDSCAPE. 23 23 30 21 17746 0 238890 406332 5186559 4881659 222775 257670 338645 376069 5986869 5921730 52427 0 0 0 3604217 2281987 0 0 0 2931686 2959162 6588330 5241149 -601461 680581 11580500 10728468 5764902 4662708 5815598 6065760 X AACTE LEADS THE FIELD IN ADVOCATING FOR AND BUILDING CAPACITY FOR HIGH-QUALITY EDUCATOR PREPARATION PROGRAMS IN A DYNAMIC LANDSCAPE. 0 0 1470146 5104031 ANNUAL MEETING, PROFESSIONAL DEVELOPMENT AND ISSUES:PROVIDES SUPPORT FOR VARIOUS PROGRAMS DESIGNED TO ENHANCE THE DEVELOPMENT AND MAINTENANCE OF LEADERSHIP CAPABILITIES OF THOSE IN THE PROFESSION, PROMOTE TEACHER EDUCATION AS A PROFESSION, AND PROMOTE AND MAINTAIN EDUCATIONAL STANDARDS WITHIN THE MEMBERSHIP. THESE ACTIVITIES ARE CARRIED OUT THROUGH SPECIAL MEETINGS, CONFERENCES AND SEMINARS. 633970 MEMBERSHIPS:AACTE MEMBERSHIP HELPS MEMBERS BROADEN THEIR KNOWLEDGE TO ADDRESS CURRENT CHALLENGES AND PROVIDES OPPORTUNITIES TO NETWORK WITH PROFESSIONALS WITH COMMON INTERESTS AND GOALS TO ENRICH THEIR DEVELOPMENT. MEMBERS RECEIVE EXCLUSIVE ACCESS TO FREE OR DISCOUNTED FEES FOR A RANGE OF PROGRAMS, EVENTS, PRODUCTS, AND SERVICES; INCLUDING JOURNAL SUBSCRIPTIONS, A MEMBERSHIP DIRECTORY, PROFESSIONAL DEVELOPMENT TRAININGS AND WEBINARS, ADVOCACY RESOURCES, LEADERSHIP OPPORTUNITIES, AND DOZENS OF TOOLKITS, GUIDES, AND ASSESSMENT MATERIALS. 553891 FEDERAL AND STATE RELATIONS:THE ASSOCIATION COLLECTS AND COMMUNICATES TO ITS MEMBERS, INFORMATION ON THE ACTIVITIES OF THE FEDERAL AND STATE GOVERNMENTS, WHICH WILL HAVE AN IMPACT ON TEACHER EDUCATION AND BE OF COMMON INTEREST TO THE COLLEGES AND UNIVERSITIES. 388836 COMMUNICATIONS DEVELOPMENT:THE ASSOCIATION DEVELOPS AND PRODUCES PUBLICATIONS AND OTHER TYPES OF LITERATURE RELATING TO TEACHER EDUCATION. ALSO, UPON REQUEST, THE ASSOCIATION COLLECTS AND PROVIDES INFORMATION OF SPECIAL INTEREST TO THE MEMBERSHIP AND THOSE IN THE PROFESSION. 428427 CONTRACTS AND GRANTS:THE ASSOCIATION CONDUCTS SPECIAL STUDIES AND OTHER PROGRAMS RELATIVE TO THE GENERAL PURPOSE OF THE ASSOCIATION, WHICH ARE FUNDED BY SPECIFICALLY DESIGNATED FUNDS. 817263 3475270 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 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 34 0 1 30 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 DC X ROWENA WILLIAMS 2024784570 1307 NEW YORK AVE NW WASHINGTON DC DC 20005 WANDA BLANCHETT CHAIR 1.00 X X 0 0 0 RENEE MIDDLETON PAST CHAIR 1.00 X X 0 0 0 JANE BRAY PAST CHAIR UNTIL 02/2018 1.00 X X 0 0 0 KIM METCALF CHAIR-ELECT 1.00 X X 0 0 0 ANN LARSON AT-LARGE/SECRETARY UNTIL 02/2018 1.00 X X 0 0 0 DIANNE MARK AT-LARGE 1.00 X 0 0 0 ROBERT FLODEN AT-LARGE 1.00 X 0 0 0 CAROL VULELICH AT-LARGE UNTIL 02/2018 1.00 X 0 0 0 PAMELA CARROLL AT-LARGE UNTIL 02/2018 1.00 X 0 0 0 DONALD EASTON-BROOKS BOARD MEMBER 1.00 X 0 0 0 M CHRISTOPHER BROWN BOARD MEMBER 1.00 X 0 0 0 JENNIE CARR BOARD MEMBER 1.00 X 0 0 0 JACKIE CRAWFORD BOARD MEMBER 1.00 X 0 0 0 MICHAEL DANTLEY BOARD MEMBER 1.00 X 0 0 0 MICHAEL MAHER BOARD MEMBER 1.00 X 0 0 0 LAURIE MULLEN BOARD MEMBER 1.00 X 0 0 0 MARY MURRAY BOARD MEMBER 1.00 X 0 0 0 RHONDA PORTER BOARD MEMBER 1.00 X 0 0 0 REYES QUEZADA BOARD MEMBER 1.00 X 0 0 0 BETH QUICK BOARD MEMBER 1.00 X 0 0 0 JENNIE RAKESTRAW BOARD MEMBER 1.00 X 0 0 0 ALBERTO RUIZ BOARD MEMBER 1.00 X 0 0 0 MONIKA WILLIAMS SHEALY BOARD MEMBER 1.00 X 0 0 0 ENA SHELLY BOARD MEMBER 1.00 X 0 0 0 JO ALLEN BOARD MEMBER 1.00 X 0 0 0 ELAINE CHIN BOARD MEMBER 1.00 X 0 0 0 SUSAN HENDERSON BOARD MEMBER 1.00 X 0 0 0 NADENE DAVIDSON BOARD MEMBER UNTIL 02/2018 1.00 X 0 0 0 ARLINDA EATON BOARD MEMBER UNTIL 02/2018 1.00 X 0 0 0 CYNTHIA JACKSON-HAMMOND BOARD MEMBER UNTIL 02/2018 1.00 X 0 0 0 LYNN GANGONE PRESIDENT/CEO 37.50 X 348922 0 42271 ROWENA J WILLIAMS VP, FINANCE & ADMINISTRATION 37.50 X 88193 0 1553 MATTHEW WALES SR. DIRECTOR 37.50 X 117597 0 17117 ALEXANDR GUMBAR IT DIRECTOR 37.50 X 132782 0 20052 GAIL BOZEMAN CHIEF OF STAFF 37.50 X 128258 0 16607 SHARON P ROBINSON FORMER PRESIDENT/CEO 0.00 X 145093 0 17 960845 0 97617 5 1 1 0 RPK GROUP 3 CHURCH CIRCLE SUITE 164 ANNAPOLIS MD 21401 CFO, MEMBERSHIP & STRATEGIC PLANNING SUP 405596 SPECTRUM GROUP PRODUCTIONS 4401-A CONNNECTICUT AVE 170 WASHINGTON DC 20008 ANNUAL MEETING PRODUCTION 310867 HILTON BALTIMORE 401 WEST PRATT STREET BALTIMORE MD 21201 ANNUAL MEETING SERVICES 249611 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 303842642 ANNUAL MEETING SERVICES 244027 JACQUELINE E KING 4506 WEST VIRGINIA AVENUE BETHESDA MD 20814 SUPPORT GOVERNANCE & PROGRAM DEPTS. 124680 6 406332 406332 MEMBERSHIP DUES 900099 3886354 3886354 MEETINGS & CONFERENCES 900099 995305 916124 79181 4881659 257670 257670 2500 0 2500 2500 2500 301553 3248 298305 298305 OTHER INCOME 900099 57518 57518 WEBSITE ADVERTISING 900004 17746 17746 75264 5921730 5100783 17746 396869 X 484988 228667 256321 222497 222497 1185252 670218 515034 100596 48477 52119 143137 71461 71676 145517 70290 75227 25460 25460 35792 35792 21233 21233 1172177 689080 483097 436613 414230 22383 86432 8419 78013 79088 10111 68977 661376 626487 34889 14759 3877 10882 27972 27972 103834 103834 52290 3244 49046 REPAIRS & MAINTENANCE 150662 150662 DUES & SUBSCRIPTIONS 91474 51844 39630 ALLOCATED OVERHEAD 0 547370 -547370 INDIRECT EXPENSES 0 31495 -31495 5241149 3475270 1765879 0 300 3124816 2575146 74565 159335 204814 191750 267817 224823 5522718 3042708 2561385 2480010 4043141 3281467 1303662 1815937 11580500 10728468 549190 240163 3885523 3300869 1330189 1121676 5764902 4662708 X 4629552 4853490 186046 212270 1000000 1000000 5815598 6065760 11580500 10728468 680581 -430419 0 X 0 1 X 1 0 X 5401128 5037776 4427537 4345993 4272315 23484749 1328516 1354917 1341248 1398486 1296858 6720025 6729644 6392693 5768785 5744479 5569173 30204774 0 0 0 30204774 181566 187804 171370 222775 220430 983945 181566 187804 171370 222775 220430 983945 39769 22950 38656 4794 57518 163687 6950979 6603447 5978811 5972048 5847121 31352406 0.96340 0.96800 0.03140 0.02830 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 39,769. 2015 AMOUNT: $ 22,950. 2016 AMOUNT: $ 38,656. 2017 AMOUNT: $ 4,794. 2018 AMOUNT: $ 57,518. 12277 12277 5193464 5205741 410287 102572 0 0 464146 459582 479697 410287 1813712 2720568 7882 20188 34447 12277 74794 116037 114896 119924 102572 453429 680144 1102150 27314 1129464 1042917 132233 73000 1102150 1010697 58382 26162 1042917 1077997 -52056 15244 1010697 23000 1000000 54997 1077997 0.88540 0.11460 0 0 1065420 1065420 2802627 1432941 1369686 1055728 1030144 25584 598943 579623 19320 2480010 50940-AMER BALANCED FD CL A (ABALX) 1268408 F 132253-LORD ABBETT (LALDX) 547529 F 1815937 X 5903745 0 5903745 21233 -3248 17985 5921730 5223164 3248 3248 5219916 21233 21233 5241149 PART V, LINE 4: ALL EARNINGS FROM PERMANENTLY RESTRICTED FUNDS ARE REFLECTED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL APPROPRIATED FOR PROGRAM EXPENDITURES. PART X, LINE 2: THE ASSOCIATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ASSOCIATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ASSOCIATION DID NOT HAVE ANY SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017. THE ASSOCIATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH 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 THIS GUIDANCE, THE ASSOCIATION 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. 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. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ASSOCIATIONS TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON PART VIII, LINE 10B -3,248. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON PART VIII, LINE 10B 3,248. X 1 0 0 0 0 0 0 0 0 LYNN GANGONE PRESIDENT/CEO 347140 0 0 0 1782 0 27597 0 18723 0 395242 0 0 0 ALEXANDR GUMBAR IT DIRECTOR 132626 0 0 0 156 0 10047 0 11045 0 153874 0 0 0 SHARON P ROBINSON FORMER PRESIDENT/CEO 2000 0 0 0 143093 0 0 0 17 0 145110 0 0 0 PART I, LINE 4A SHARON ROBINSON RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $143,093. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS: A) REGULAR MEMBERS - 4 YEAR HIGHER EDUCATIONAL INSTITUTIONS OR SCHOOLS - INTERESTED IN EDUCATIONAL PROGRAMS. (B) AFFILIATE MEMBERS - ANY OTHER INSTITUTIONS WITH AN INTEREST IN EDUCATIONAL PROGRAMS. FORM 990, PART VI, SECTION A, LINE 7A EACH INSTITUTIONAL REPRESENTATIVE FROM A REGULAR MEMBER INSTITUTION (OR A DULY AUTHORIZED SUBSTITUTE FROM THAT MEMBER INSTITUTION) SHALL BE ENTITLED TO CAST ONE VOTE WHEN ELECTING THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH INSTITUTIONAL REPRESENTATIVE FROM A REGULAR MEMBER INSTITUTION (OR A DULY AUTHORIZED SUBSTITUTE FROM THAT MEMBER INSTITUTION) SHALL BE ENTITLED TO CAST ONE VOTE ON EVERY ISSUE (EXCEPT FOR AMENDMENTS SET FORTH IN SECTION 5 (BYLAWS)) CONSIDERED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B IN 2019 ONCE THE 990 WAS COMPLETED BY AN INDEPENDENT ACCOUNTANTS - IT WAS SENT TO ROWENA WILLIAMS (VP OF FINANCE & ADMINISTRATION) FOR REVIEW, ROWENA FORWARDED THE 990 TO LYNN GANGONE (PRESIDENT) ELECTRONICALLY AND ASKED IF THERE WERE ANY QUESTIONS OR CONCERNS TO CONTACT HER DIRECTLY. THERE WERE NOT ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED AS A PART OF THE CONSENT AGENDA PACKAGE (WHICH IS DISTRIBUTED AT THE FEBRUARY ANNUAL MEETING). THE SIGNED FORMS ARE RETURNED DURING THAT MEETING. THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEES MUST SIGN AND DATE THE CONFLICT OF INTEREST POLICY. THE SIGNED AND DATED FORMS ARE REVIEWED BY GAIL BOZEMAN. ONCE THE FORMS ARE SIGNED AND DATED THEY ARE MAINTAINED AT 1307 NEW YORK AVENUE, NW, SUITE 300, WASHINGTON, DC 20005-4701 IN THE OFFICIAL GOVERNANCE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE LOCATED ON THE ORGANIZATION'S WEBSITE: AACTE.ORG. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MAIN OFFICE: 1307 NEW YORK AVENUE, NW, SUITE 300, WASHINGTON, DC 20005-4701. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 669,411. MANAGEMENT AND GENERAL EXPENSES 456,361. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,125,772. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 19,669. MANAGEMENT AND GENERAL EXPENSES 26,736. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,405.