2025-10-15T09:36:24-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 526041929 AMERICAN ASSOCIATION OF COLLEGES FOR TEACHER EDUCATION AMER 2022932450 1 DUPONT CIRCLE NW 450 WASHINGTON DC 20036 MARTA DRAKE CHIEF OPERATING OFFICER 2022932450 2025-10-06 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-10-06 2024 2025-03-06 01:10:19Z X AACTE CHERYL HOLCOMB-MCCOY 1 DUPONT CIRCLE NW 450 WASHINGTON DC 20036 13009367 0 X WWW.AACTE.ORG X 1948 DC AACTE LEADS IN ADVOCATING FOR AND BUILDING HIGH-QUALITY EDUCATOR PREPARATION PROGRAMS. 18 18 17 59 15662 0 155238 212514 4097526 4427393 346754 141750 19663 100325 4619181 4881982 0 0 0 0 2023222 1945930 0 0 0 3441037 3833883 5464259 5779813 -845078 -897831 12209361 11950984 3341560 3268844 8867801 8682140 X AACTE ELEVATES EDUCATION AND EDUCATOR PREPARATION THROUGH RESEARCH, PROFESSIONAL PRACTICE, ADVOCACY, AND COLLABORATION. 0 0 1420405 0 1161061 MEETINGS AND EVENTS: CONTAINS ANNUAL MEETING, MEETING & EVENTS, WASHINGTON WEEK, AND LEADERSHIP ACADEMY. 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. 568824 0 243033 ORGANIZATIONAL ADVANCEMENT: 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. 517676 0 2976311 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. 372309 0 46988 GOVERNMENT 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. 372309 0 46988 2879214 1 1 0 1 0 0 0 0 0 1 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 35 0 1 17 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARTA DRAKE 2022932450 1 DUPONT CIRCLE NW 450 WASHINGTON DC 20036 LYNN GANGONE PRESIDENT AND CEO TO SEP 2024 37.50 X 449834 0 56624 MARTA DRAKE CHIEF OPERATING OFFICER, INTERIM CEO 37.50 X 214378 0 59535 KATRINA NORFLEET VP, MARKETING AND COMMUNICATIONS 37.50 X 114272 0 19675 MARQUITA GRENOT-SCHEYER CHAIR 1.00 X X 0 0 0 ANNE R TAPP JASKA CHAIR-ELECT 1.00 X X 0 0 0 MONIKA WILLIAMS SHEALEY IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LOURY FLOYD SECRETARY 1.00 X X 0 0 0 MARVIN LYNN SECRETARY TO FEB 2024 1.00 X X 0 0 0 LOLETA SARTIN AT-LARGE MEMBER, EXECUTIVE CMTE. 1.00 X 0 0 0 STACEY L VICTOR AT-LARGE MEMBER, EXECUTIVE CMTE. 1.00 X 0 0 0 LAURA ALAMILLO MEMBER 1.00 X 0 0 0 CAROLE G BASILE MEMBER 1.00 X 0 0 0 MICHAEL DANTLEY MEMBER 1.00 X 0 0 0 BRYAN DUKE MEMBER 1.00 X 0 0 0 CHANDRA J FOOTE MEMBER 1.00 X 0 0 0 YOLANDA M GALLARDO MEMBER 1.00 X 0 0 0 CHRISTINE GOROWARA MEMBER 1.00 X 0 0 0 GAYLE E HUTCHINSON MEMBER 1.00 X 0 0 0 TAMBRA O JACKSON MEMBER 1.00 X 0 0 0 RHONDA F JETER MEMBER 1.00 X 0 0 0 MARK NOOK MEMBER 1.00 X 0 0 0 MARCIE WYCOFF-HORN MEMBER 1.00 X 0 0 0 GLADIS KERSAINT MEMBER TO FEB 2024 1.00 X 0 0 0 778484 0 135834 3 0 1 0 VISION CREATIVE 8198 TERMINAL ROAD SUITE 100 LORTON VA 22079 AUDIO VISUAL SERVICES 352895 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING/HR OUTSOURCING 324903 C2 ASSOCIATION STRATEGIES 201 N UNION STREET SUITE 110 ALEXANDRIA VA 22314 CONSULTING SERVICES 280500 THE RABEN GROUP 525 9TH STREET NW 7TH FLOOR WASHINGTON DC 20004 CONSULTING SERVICES 186780 JACQUELINE KING 4506 WEST VIRGINIA AVE BETHESDA MD 20814 CONSULTING SERVICES 144600 6 212514 212514 MEMBERSHIP DUES 900099 2974002 2974002 MEETINGS AND CONFERENCES 900099 1161061 1161061 PUBLICATIONS 513130 243033 243033 SPONSORSHIP REVENUE 900099 46988 46988 CONTRACT REVENUE 900099 2309 2309 4427393 271297 271297 7997838 8127385 -129547 -129547 -129547 REBATE 900099 77718 77718 WEBSITE ADVERTISING 541800 15662 15662 OTHER INCOME 900099 6945 6945 100325 4881982 4427393 15662 226413 X 778111 396837 381274 903469 291081 612388 60100 18182 41918 97394 40978 56416 106856 49052 57804 64519 64519 372910 372910 52068 52068 1545625 722247 823378 5500 5500 10706 8074 2632 205864 74275 131589 59600 29960 29640 138292 70542 67750 880315 854290 26025 173 87 86 5997 3015 2982 40808 20514 20294 DUES AND SUBSCRIPTIONS 210499 126543 83956 HONORARIA 126012 126012 BANK AND MERCHANT FEES 75697 17863 57834 PROF. DEVELOPMENT 15279 1594 13685 24019 22568 1451 5779813 2879214 2900599 0 450 1282533 542113 62242 1145 98177 75572 92036 240446 95039 61456 20887 33583 10541883 10884141 111603 173534 12209361 11950984 388225 349787 2862982 2889485 90353 29572 3341560 3268844 X 7627065 7541964 1240736 1140176 8867801 8682140 12209361 11950984 -897831 712170 0 X 0 1 X 1 0 X 381108 546560 324179 155238 212514 1619599 4594867 3687398 4242609 4097526 4427393 21049793 4975975 4233958 4566788 4252764 4639907 22669392 0 55082 192963 248045 55082 192963 248045 22421347 235873 433970 277288 429419 271297 1647847 235873 433970 277288 429419 271297 1647847 42995 19500 28392 15214 11175 117276 5066 41579 1499 84663 132807 5259909 4729007 4872468 4698896 5007042 24567322 0.91260 0.92680 0.06710 0.06360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 2877279 0 2877279 0 293864 0 73466 0 0 0 285234 290915 290636 293864 1160649 1740974 790 29 819 71309 72729 72659 73466 290163 435245 1165736 99440 200000 1065176 1036783 128953 1165736 1217159 -180376 1036783 1302744 114415 200000 1217159 1187557 115187 1302744 0.00000 0.93881 0.06119 0 0 95039 61456 33583 33583 LEASE LIABILITY - OPERATING LEASE 29572 29572 X 5542084 712170 712170 4829914 52068 52068 4881982 5727745 0 5727745 52068 52068 5779813 PART V, LINE 4: THE ENDOWMENT FUND IS A $1M PERMANENT ENDOWMENT THAT CANNOT BE SPENT. IT'S THE ORGANIZATION'S PRACTICE TO RELEASE/SPEND ANY EARNINGS, IF NEEDED, TO FUND OPERATIONS. 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, 2024 AND 2023. 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 TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. X X X 0 0 0 0 0 0 0 0 0 LYNN GANGONE PRESIDENT AND CEO TO SEP 2024 279775 0 125358 0 44701 0 25572 0 31052 0 506458 0 0 0 MARTA DRAKE CHIEF OPERATING OFFICER, INTERIM CEO 213964 0 0 0 414 0 9692 0 49843 0 273913 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL SERVE AS AN INTERIM GOVERNING BODY BETWEEN MEETINGS OF THE ASSOCIATION'S BOARD OF DIRECTORS. SUBJECT TO THE REQUIREMENTS OF LAW, IT SHALL OPERATE WITH AUTHORITY VESTED IN IT BY THE BOARD AND REPORT ITS MEETINGS AND ACTIONS TO THE BOARD OF DIRECTORS. FUNCTIONS OF THE COMMITTEE SHALL INCLUDE, BUT NOT BE LIMITED TO, THE FIDUCIARY AND STRATEGIC OVERSIGHT OF THE ASSOCIATION. THE EXECUTIVE COMMITTEE SHALL STUDY ISSUES OF IMPORTANCE TO THE ASSOCIATION AND THE EDUCATION OF TEACHERS AND OTHER EDUCATION PROFESSIONALS ON BEHALF OF THE BOARD AND SERVE AS AN ADVISORY PANEL TO THE BOARD ON SUCH ISSUES. IT SHALL ASSIST IN PLANNING AGENDAS FOR THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS: 1) REGULAR MEMBERS - 4 YEARS HIGHER EDUCATIONAL INSTITUTIONS OR SCHOOLS - INTERESTED IN EDUCATIONAL PROGRAMS. 2) 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 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 TO THE ASSOCIATION'S BYLAWS) CONSIDERED BY THE MEMBERSHIP. IN THE CASE OF BYLAW AMENDMENTS, EACH CHIEF REPRESENTATIVE FROM A REGULAR MEMBER INSTITUTION (OR A DULY AUTHORIZED SUBSTITUTE FROM THAT MEMBER INSTITUTION) SHALL BE ENTITLED TO CASE ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. AFTER THE PRESIDENT AND CEO AND THE CHIEF OPERATING OFFICER COMPLETE THEIR REVIEW, THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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. ONCE THE FORMS ARE SIGNED AND DATED, THEY ARE MAINTAINED AT AACTE'S OFFICE IN THE OFFICIAL GOVERNANCE FILES. A CONFLICT OF INTEREST TRANSACTION IS A TRANSACTION OR ARRANGEMENT WITH AACTE IN WHICH A DIRECTOR OR OFFICER, OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY, HAS A DIRECT OR INDIRECT INTEREST. A CONFLICT-OF-INTEREST SITUATION MAY ARISE IN A VARIETY OF WAYS, BUT MOST OFTEN ARISES WHERE ONE OF THE FOREGOING PERSONS (1) HAS A FINANCIAL INTEREST IN AN ENTITY WITH WHICH AACTE HAS A TRANSACTION OR ARRANGEMENT; (2) SERVES AS AN OFFICER, DIRECTOR, GENERAL PARTNER, OR HAS SOME OTHER SIGNIFICANT INFLUENCE OVER AN ENTITY WITH WHICH AACTE HAS A TRANSACTION OR ARRANGEMENT; OR (3) USES INFORMATION RELATING TO AACTE FOR PERSONAL PROFIT OR ADVANTAGE. WHEN THERE IS A DOUBT AS TO WHETHER ANY CONFLICT OF INTEREST EXISTS, THE MATTER SHALL BE RESOLVED BY A VOTE OF THE BOARD OF DIRECTORS, EXCLUDING THE PERSON WHO IS THE SUBJECT OF THE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWED AND DETERMINED THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. THE TERMS ARE DOCUMENTED IN A CONTRACTUAL AGREEMENT PREPARED IN CONJUNCTION WITH COUNSEL. AN INTERNAL COMPENSATION STRUCTURE IS BASED ON MARKET INDICES FOR COMPARABLE NON-PROFITS WITH LESS THAN 25 EMPLOYEES AND AN OPERATING BUDGET UNDER $10M. THE SALARY RANGE IS DETERMINED PRIOR TO HIRING BASED ON THE POSITION DESCRIPTION IN CONJUNCTION WITH HUMAN RESOURCES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. 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 AACTE'S OFFICE. FORM 990, PART IX, LINE 11G HUMAN RESOURCES: MANAGEMENT AND GENERAL EXPENSES 153,399. TOTAL EXPENSES 153,399. CONSULTANTS: PROGRAM SERVICE EXPENSES 667,401. MANAGEMENT AND GENERAL EXPENSES 416,782. TOTAL EXPENSES 1,084,183. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 54,846. MANAGEMENT AND GENERAL EXPENSES 253,197. TOTAL EXPENSES 308,043.