2017-08-11T08:19:27-05:00 2016-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2015-10-01 530196573 AMERICAN COUNCIL ON EDUCATION AMER 2029399330 ONE DUPONT CIRCLE NW NO 1100 WASHINGTON DC 200361193 JEFF DAVIES CFO 2029399330 2017-08-10 1 DAVID TRIMNER P00444822 5712279500 2015 2021-01-29 14:40:06Z JEFF DAVIES ONE DUPONT CIRCLE NW NO 1100 WASHINGTON DC 200361193 43659897 0 X WWW.ACENET.EDU X 1918 DC CONSENSUS LEADER ON HIGHER EDUCATION ISSUES & COORDINATING BODY FOR UNITED STATES HIGHER ED. 33 33 210 46 361715 -456733 29343065 17870559 14745331 16075001 2146905 1750877 826349 739000 47061650 36435437 11936026 784837 0 0 24226097 22021608 0 0 575892 14059106 12435888 50221229 35242333 -3159579 1193104 88322574 89246756 23783339 21968464 64539235 67278292 X THE AMERICAN COUNCIL ON EDUCATION (ACE) IS THE MAJOR COORDINATING BODY FOR HIGHER EDUCATION IN THE UNITED STATES. FOUNDED IN 1918, ACE SEEKS TO PROVIDE LEADERSHIP AND A UNIFYING VOICE ON KEY HIGHER EDUCATION ISSUES AND TO INFLUENCE PUBLIC POLICY THROUGH REPRESENTATION, RESEARCH, AND PROGRAM INITIATIVES. ACE AIMS TO FOSTER GREATER COLLABORATION AND NEW PARTNERSHIPS WITHIN AND OUTSIDE THE HIGHER EDUCATION COMMUNITY TO HELP COLLEGES AND UNIVERSITIES ANTICIPATE AND ADDRESS THE CHALLENGES OF THE 21ST CENTURY AND CONTRIBUTE TO A STRONGER NATION AND A BETTER WORLD. ACE VALUES INCLUSIVENESS AND DIVERSITY, RECOGNIZES HIGHER EDUCATION'S RESPONSIBILITY TO SOCIETY, AND EMBRACES THE BELIEF THAT WIDESPREAD ACCESS TO EXCELLENT POSTSECONDARY EDUCATIONAL OPPORTUNITIES IS THE CORNERSTONE OF A DEMOCRATIC SOCIETY. 0 0 7191614 784837 2146627 CENTER FOR EDUCATION ATTAINMENT AND INNOVATION:FOR MORE THAN 65 YEARS, THE AMERICAN COUNCIL ON EDUCATION (ACE) HAS BEEN A NATIONAL LEADER IN THE EVALUATION OF EDUCATION AND TRAINING OBTAINED OUTSIDE THE CLASSROOM. ITS WORK ENSURES THE VALIDITY OF NONTRADITIONAL LEARNING AND ADULT ACCESS TO AND SUCCESS IN POSTSECONDARY EDUCATION AND THE WORKFORCE. THE CENTER FOR EDUCATION ATTAINMENT AND INNOVATION ADDRESSES ADULT LEARNING CHALLENGES WITH A RANGE OF ACTIVITIES THAT INCLUDE NATIONAL INITIATIVES, RESEARCH PROGRAMS, SERVICES, ONLINE RESOURCES, WORKSHOPS AND PUBLICATIONS. THROUGH THESE MEANS, INCLUDING THE COLLEGE CREDIT RECOMMENDATION SERVICE AND EVALUATION OF MILITARY COURSES AND OCCUPATIONS, THE CENTER FOR EDUCATION ATTAINMENT AND INNOVATION HELPS ADULTS OBTAIN ACADEMIC CREDIT FOR FORMAL COURSES AND EXAMINATIONS TAKEN OUTSIDE TRADITIONAL COLLEGES AND UNIVERSITIES. IN CONJUNCTION WITH THESE PROGRAMS, THE CENTER'S REGISTRY SERVICES PROVIDE TRANSCRIPTS FOR ADULT LEARNERS WHO HAVE TAKEN ACE-EVALUATED CORPORATE AND MILITARY PROGRAMS. THE CENTER ALSO ENGAGES IN POLICY WORK THAT ADVANCES LIFELONG LEARNING FOR ADULTS ACROSS NUMEROUS SECTORS NATIONWIDE. MOST RECENTLY, ACE HAS BEEN INVOLVED WITH PROGRAMS TO SUPPORT ACTIVE DUTY MILITARY AS WELL AS VETERANS. THROUGH GRANT-FUNDED PROJECTS, ACE HAS CREATED A TOOLKIT FOR VETERAN-FRIENDLY INSTITUTIONS AND PROVIDES SERVICES TO WOUNDED MILITARY PERSONNEL AT BETHESDA WALTER REED. 5123365 10605938 PROFESSIONAL DEVELOPMENT PROGRAMS: THESE PROGRAMS PROVIDE VALUABLE OPPORTUNITIES FOR INDIVIDUAL AND INSTITUTIONAL DEVELOPMENT. THE EXECUTIVE LEADERSHIP GROUP OFFERS CRITICAL NETWORKING AND EDUCATIONAL PROGRAMMING FOR SENIOR-LEVEL CAMPUS LEADERS WITH SPECIAL FOCUS ON PRESIDENTS, CHIEF ACADEMIC OFFICERS, VICE PRESIDENTS, AND OTHERS. THE EMERGING LEADERS GROUP OFFERS LEADERSHIP DEVELOPMENT PROGRAMS AND NETWORKING OPPORTUNITIES FOR MID-LEVEL ADMINISTRATORS. THE INCLUSIVE EXCELLENCE GROUP HELPS FOSTER GREATER DIVERSITY AND INCLUSION IN HIGHER EDUCATION THROUGH LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMS DESIGNED TO BROADEN THE HIGHER EDUCATION PIPELINE AS WELL AS RESEARCH INITIATIVES FOCUSED ON ANALYZING EMERGING TRENDS ON THE STATUS OF UNDERREPRESENTED GROUPS IN HIGHER EDUCATION. 4583865 2720 GOVERNMENT RELATIONS AND PUBLIC AFFAIRS: COORDINATES AND PUBLICIZES THE EFFORTS OF THE HIGHER EDUCATION COMMUNITY IN REPRESENTING ITS CONCERNS TO THE FEDERAL GOVERNMENT. ACE PREPARES TESTIMONY FOR CONGRESSIONAL HEARINGS, COMMENTS ON PROPOSED FEDERAL LEGISLATION AND REGULATIONS, AND FILES AMICUS CURIAE BRIEFS ON COURT CASES WITH IMPORTANT IMPLICATIONS FOR HIGHER EDUCATION. A KEY BENEFIT OF ACE MEMBERSHIP IS ACCESS TO HIGHER EDUCATION RESEARCH AND PUBLICATIONS. ACE PUBLISHES PAPERS, MONOGRAPHS, RESEARCH REPORTS AND BOOKS ON THE TOPICS OF STUDENT FINANCIAL AID, DEMOGRAPHIC TRENDS IN HIGHER EDUCATION, ACADEMIC PREPARATION FOR COLLEGE, AND THE COLLEGE PRESIDENCY, AMONG OTHER TOPICS. ANOTHER MEANS OF DISSEMINATION OF THIS INFORMATION IS THE ACE ANNUAL MEETING WHICH IS AN IDEAL SETTING FOR NET WORKING WITH COLLEAGUES AND ADDRESSING FUTURE CHALLENGES OF HIGHER EDUCATION. 7223911 3526905 OTHER PROGRAMS:ACE'S CENTER FOR POLICY RESEARCH AND STRATEGY PROVIDES THOUGHT LEADERSHIP AT THE INTERSECTION OF PUBLIC POLICY AND INSTITUTIONAL STRATEGY. THE CENTER PROVIDES SENIOR COLLEGE LEADERS AND PUBLIC POLICYMAKERS WITH AN EVIDENCE BASE TO RESPONSIBLY PROMOTE EMERGENT PRACTICES IN HIGHER EDUCATION WITH AN EMPHASIS ON LONG-TERM AND SYSTEMIC SOLUTIONS FOR AN EVOLVING HIGHER EDUCATION LANDSCAPE AND CHANGING AMERICAN DEMOGRAPHIC. ACE'S ANNUAL MEETING BRINGS TOGETHER HIGHER EDUCATION LEADERS FROM ALL SECTORS. THE ANNUAL MEETING IS AN EVENT TO NETWORK WITH COLLEAGUES, HEAR ABOUT EMERGING TRENDS FROM NATIONAL THOUGHT LEADERS AND LEARN ABOUT NEW APPROACHES TO CAMPUS CHALLENGES. 7223911 3526905 24122755 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 1 334 0 210 1 1 1 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL NY X JEFF DAVIES 2029399558 ONE DUPONT CIRCLE NW WASHINGTON DC 200361193 ROBERT L CARET SECRETARY THROUGH MARCH 2015 1.00 X X 0 0 0 SUSAN HERBST DIRECTOR 1.00 X 0 0 0 CORNELIUS M KERWIN DIRECTOR 1.00 X 0 0 0 WALLACE D LOH DIRECTOR 1.00 X 0 0 0 DIANA NATALICIO DIRECTOR 1.00 X 0 0 0 RICHARD J PAPPAS DIRECTOR 1.00 X 0 0 0 DAVID WILSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER B HOWARD DIRECTOR 1.00 X 0 0 0 MARY E LYONS DIRECTOR 1.00 X 0 0 0 NANCY J MCCALLIN SECRETARY BEGINNING APRIL 2015 1.00 X X 0 0 0 CAROL GEARY SCHNEIDER DIRECTOR 1.00 X 0 0 0 TOMAS D MORALES DIRECTOR 1.00 X 0 0 0 JAMES H MULLEN JR IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SANFORD C SHUGART DIRECTOR 1.00 X 0 0 0 NANCY L ZIMPHER DIRECTOR 1.00 X 0 0 0 JOHN M DUNN DIRECTOR 1.00 X 0 0 0 ELSON S FLOYD DIRECTOR 1.00 X 0 0 0 JOHN ANDERSON FRY DIRECTOR 1.00 X 0 0 0 MARIE FOSTER GNAGE DIRECTOR 1.00 X 0 0 0 BRICE W HARRIS DIRECTOR 1.00 X 0 0 0 RENU KHATOR CHAIR 1.00 X X 0 0 0 L RAFAEL REIF DIRECTOR 1.00 X 0 0 0 BARBARA R SNYDER DIRECTOR 1.00 X 0 0 0 RITA M CEPEDA DIRECTOR 1.00 X 0 0 0 STEPHEN JORDAN DIRECTOR 1.00 X 0 0 0 EDWARD J RAY DIRECTOR 1.00 X 0 0 0 ROBERT A BROWN DIRECTOR 1.00 X 0 0 0 DENNIS H HOLTSCHNEIDER DIRECTOR 1.00 X 0 0 0 JOHN J DEGIOIA VICE CHAIR/CHAIR-ELECT 1.00 X X 0 0 0 JAMES B MILLIKEN DIRECTOR 1.00 X 0 0 0 RICHARD EKMAN DIRECTOR 1.00 X 0 0 0 CAROLYN W MEYERS DIRECTOR 1.00 X 0 0 0 PAMELA R FOX DIRECTOR 1.00 X 0 0 0 MICHAEL V REILLY DIRECTOR 1.00 X 0 0 0 ELLIOTT SHORE DIRECTOR 1.00 X 0 0 0 DARRELL G KIRCH DIRECTOR 1.00 X 0 0 0 PHILIP BOROUGHS DIRECTOR 1.00 X 0 0 0 E GORDON GEE DIRECTOR 1.00 X 0 0 0 R BARBARA GITENSTEIN DIRECTOR 1.00 X 0 0 0 RUFUS GLASPER DIRECTOR 1.00 X 0 0 0 KATHLEEN MCCARTNEY DIRECTOR 1.00 X 0 0 0 CAROL GEARY SCHNEIDER DIRECTOR 1.00 X 0 0 0 A CLAYTON SPENCER DIRECTOR 1.00 X 0 0 0 HAROLD MARTIN DIRECTOR 1.00 X 0 0 0 ELOY ORTIZ OAKLEY DIRECTOR 1.00 X 0 0 0 JUDY C MINER DIRECTOR 1.00 X 0 0 0 MARGARET BROAD EX OFFICIO 35.00 X 678778 0 296358 TERRY HARTLE SR VP, DGPA 35.00 X 385444 0 75052 JEFFREY DAVIES VP FOR FINANCE 35.00 X 342896 0 42590 PATTI PETERSON PRESIDENTIAL ADVISOR/GLOBAL INITIATIVES 35.00 X 344369 0 37942 TIMOTHY MCDONOUGH VP, COMMUNICATIONS & MARKETING 35.00 X 320852 0 58743 KARA FREEMAN VP, ADMINISTRATION & CIO 35.00 X 328925 0 43146 NICOLE CHESTANG VP & CHIEF STRATEGIST 35.00 X 287979 0 52220 LOUIS SOARES VP, CPRS 35.00 X 252715 0 52996 LYNN GANGONE VP, LEADERSHIP (BEGINNING 4/1/2015) 35.00 X 196522 0 19901 PHILIP ROGERS VP & CHIEF OF STAFF 35.00 X 224378 0 46078 SONYA WILLIAMS VP, CHIEF HR OFFICER 35.00 X 233835 0 37465 MOSES YOMI AVP, FINANCE & BUDGET 35.00 X 178947 0 40240 DANIEL MADZELAN AVP, GOVERNMENT RELATIONS 35.00 X 224292 0 26568 DEBORAH SEYMOUR AVP, CEAI 35.00 X 186750 0 34112 BRADLEY FARNSWORTH AVP, CIGE 35.00 X 168529 0 35697 LORELLE ESPINOSA AVP, CPRS 35.00 X 169287 0 28630 FELICIA CARR AVP, MARKETING & MEMBERSHIP 35.00 X 177775 0 29975 TULLY CORNICK EXECUTIVE DIRECTOR 35.00 X 199631 0 27463 ANDREA BURNETT SR DIRECTOR, ITS 35.00 X 193373 0 36425 MICHELLE ARMOUR DIRECTOR ACCOUNTING SYSTEMS 35.00 X 170013 0 39814 JEANNE-MARIE PIERRELOUIS DEPUTY EXECUTIVE DIRECTOR 35.00 X 179426 0 32970 STEVEN BLOOM DIRECTOR, FEDERAL RELATIONS 35.00 X 165156 0 37116 5609872 0 1131501 50 0 1 1 COLLEGIATE ENTERPRISE SOLUTIONS LLC 3 CENTENNIAL DRIVE PEABODY MA 01960 CONSULTING 343750 WAMWAM LLC DBA SOCIAL DRIVER 1030 15TH ST NW SUITE 1050W WASHINGTON DC 20005 CONSULTING 198810 KEMP P BATTLE 37 HAPPY VALLEY ROAD BEARSVILLE NY 12409 CONSULTING 174000 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 CONSULTING 170406 COVINGTON & BURLING 850 TENTH ST NW WASHINGTON DC 20001 CONSULTING 148000 11 7636712 2795747 7438100 5540017 17870559 TESTING AND REGISTRATION FEES 900099 12560222 12560222 RENT INCOME 900099 5122502 5122502 GARAGE PARKING 900099 313594 313594 SALES AND OTHER INCOME 900099 23384 23384 INVESTMENT IN JOINT VENTURE 900099 -1944701 -1944701 16075001 2050156 2050156 15432 15432 4551724 2062113 4154616 2758500 397108 -696387 -299279 -299279 703766 311344 392422 191487 200935 THE PRESIDENCY PUBLICATION - ADVE 900099 131368 15702 115666 CONSULTING AND SPEAKER FEES 900099 42242 42242 PASS-THROUGH PARTNERSHIP INCOME 900099 2872 2872 154664 154664 331146 36435437 16282190 361715 1920973 784837 784837 5851964 5401141 417263 33560 12028531 7735978 3924484 368069 1467195 965262 459566 42367 1621777 1016686 552521 52570 1052141 758598 268628 24915 389415 323064 64496 1855 65521 54357 10852 312 2933325 2021422 907313 4590 391853 228426 161827 1600 1026776 365416 647837 13523 760400 188441 566878 5081 1254779 1173985 79483 1311 1783365 1662094 121271 37854 2377 35413 64 2030691 828225 1180236 22230 226197 12114 213756 327 REPAIRS AND MAINTENANCE 724299 192399 529317 2583 DUES-SUBSCRIPTIONS-PUBL 135343 99117 35291 935 TAXES 116897 116897 559173 308816 250357 35242333 24122755 10543686 575892 770302 2212368 780363 781434 6083468 2004098 77844 58098 2623568 2145002 34425505 23238746 8455594 11186759 54720857 55122967 197367 208742 14263841 15319140 349370 208148 88322574 89246756 3735560 2488488 12165404 11767904 1667597 724382 6214778 6987690 23783339 21968464 X 62398087 62591084 2141148 4687208 64539235 67278292 88322574 89246756 X 1193104 2873318 -1327365 X 0 1 X 1 1 1 X 34023249 33311694 30491199 29343065 17870559 145039766 17910516 17761115 26767468 15317819 16577832 94334750 51933765 51072809 57258667 44660884 34448391 239374516 0 0 0 239374516 722664 1069155 1585602 2167897 2065588 7610906 722664 1069155 1585602 2167897 2065588 7610906 170366 170366 52656429 52141964 58844269 46828781 36684345 247155788 0.96850 0.97530 0.03080 0.02470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182113 182113 34284014 34466127 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 273338 152839 212783 182113 821073 250000 250000 250000 250000 1000000 1500000 2678042 2678042 14346633 141736 14204897 6759111 20688069 -13928958 10641719 2408941 8232778 11186759 INVESTMENT IN JOINT VENTURE 12319140 C INVESTMENT IN ACUE 3000000 C 15319140 RETIREE MEDICARE BENEFIT OBLIGATION 3584842 DEFERRED COMPENSATION 2802238 OTHER LIABILITIES 600610 6987690 X 38396262 2873318 103528 -362118 -962375 1652353 36743909 -308472 -308472 36435437 35657205 103528 311344 414872 35242333 0 35242333 PART X, LINE 2: ACE HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN FURTHER CLASSIFIED AS A PUBLIC CHARITY. ACE DERIVES UNRELATED BUSINESS INCOME FROM PUBLICATION ADVERTISING, DUPLICATION AND OTHER OFFICE SERVICES TO UNRELATED THIRD PARTIES, AND ALTERNATIVE INVESTMENTS. HOWEVER, NO TAXES WERE PAYABLE ON SUCH AMOUNTS FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015, AS ALLOWABLE DEDUCTIBLE EXPENSES EXCEEDED UNRELATED INCOME. ACE HAS ANALYZED ITS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2016 AND 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST -962,375. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -311,344. PARTNERSHIP PASSTHROUGH INCOME 2,872. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 311,344. CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL DEVELOPMENT OF EDUCATION 126648 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL DEVELOPMENT OF EDUCATION 40021 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL DEVELOPMENT OF EDUCATION 30670 0 0 0 0 0 0 197339 0 197339 0 0 0 0 0 0 1 OHIO STATE UNIVERSITY 1960 KENNY RD COLUMBUS OH 43210 316025986 115 30670 INSTITUTION STRENGTHENING AND DEVELOPMENT UNIVERSITY OF FLORIDA PO BOX 113001 GAINESVILLE FL 32611 591867557 115 137173 INSTITUTION STRENGTHENING AND DEVELOPMENT 2 0 PART I, LINE 2: THE AMERICAN COUNCIL ON EDUCATION (ACE) RECEIVES FEDERAL FUNDS THROUGH ITS OFFICE OF HIGHER EDUCATION FOR DEVELOPMENT (HED) AND THE OFFICE OF LEADERSHIP AND LIFELONG LEARNING (LLL). IN ACCORDANCE WITH FEDERAL GOVERNMENT ADMINISTRATIVE REQUIREMENTS, ACE ENSURES THAT THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE AND THAT THERE ARE NO OMB CIRCULAR A-133 AUDIT FINDINGS THAT MAY ADVERSELY AFFECT THE USE OF THE SUBRECIPIENT'S GRANT FUNDS. OMB CIRCULAR A-133 REQUIRES ANY NON-FEDERAL ORGANIZATION EXPENDING $750,000 OR MORE IN FEDERAL AWARDS IN ANY GIVEN YEAR TO HAVE AN AUDIT CONDUCTED IN ACCORDANCE WITH STANDARDS ESTABLISHED BY THE OFFICE OF MANAGEMENT AND BUDGET (OMB). ACCORDINGLY, AN ORGANIZATION RECEIVING A SUBAWARD FROM ACE THAT MEETS THIS CRITERION IS REQUIRED TO CONDUCT AN AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. SUBAWARDEES THAT DO NOT MEET THE CIRCULAR A-133 AUDIT REQUIREMENT ARE ASKED TO CONDUCT AN ANNUAL INDEPENDENT AUDIT. ACE USES A DATABASE TO TRACK ITS UNIVERSITY PARTNERS TO ENSURE A-133 REPORTS ARE SUBMITTED IN A TIMELY MANNER. ANNUALLY, ACE REQUESTS PARTNERSHIPS TO SUBMIT THE A-133 REPORTS OF THEIR INSTITUTIONS AND REVIEWS THE REPORTS RECEIVED FOR ANY INTERNAL CONTROL OR COMPLIANCE FINDINGS. AS PART OF THE REVIEW PROCESS, ACE CONSIDERS THE IMPACT OF ANY FINDINGS ON ITS OWN FINANCIAL RECORDS. TO ENSURE THAT THE AUDIT REPORTS ARE SUBMITTED TO ACE TIMELY, THE G&C UNIT SENDS A LETTER TO ALL ITS DOMESTIC SUBAWARDEES AROUND JULY OR AUGUST OF EVERY YEAR. THIS LETTER REQUESTS THAT THE ORGANIZATION CERTIFIES WHETHER IT IS SUBJECT TO CIRCULAR A-133 AUDIT OR NOT, AND, IF APPLICABLE, TO PROVIDE ACE WITH A COPY OF THEIR LATEST AUDIT REPORT. A SAMPLE OF THE LETTER SENT OUT TO THE AMERICAN UNIVERSITY PARTNERS IS ON EACH PARTNERSHIP AGREEMENT FILE OR IT IS KEPT ELECTRONICALLY. THE AUDIT REPORTS FOR THE PRIOR FISCAL YEAR ARE TO BE SUBMITTED TO ACE'S SENIOR CONTRACT ACCOUNTANT, WHO REVIEWS THE REPORTS AND ENTERS THEM INTO THE G&C DATABASE SYSTEM, WITH THE DATE OF RECEIPT. IN ADDITION, EVERY YEAR, ACE CONDUCTS SITE VISITS TO SELECTED SUBRECIPIENT INSTITUTIONS. THE PARTNER INSTITUTIONS TO BE VISITED ARE SELECTED BASED ON A RISK ASSESSMENT THAT IS IDENTIFIED BY STAFF DURING THE ONGOING MONITORING OF THE PARTNERSHIP ACTIVITIES. ONCE A NEED FOR A SITE VISIT IS IDENTIFIED, ACE PUTS TOGETHER A TEAM THAT WILL VISIT THE PARTNERS' INSTITUTION. THE TEAM NORMALLY CONSISTS OF TWO TO THREE MEMBERS OF THE G&C UNIT, PLUS THE PROGRAM SPECIALIST IN CHARGE OF THE PARTNERSHIP. IN SOME CASES, A MEMBER OF THE ACE LEGAL COUNSEL ALSO ATTENDS THESE VISITS. DURING THE SITE VISITS, THE GRANTS AND CONTRACTS UNIT STAFF REVIEW FINANCIAL RECORDS (I.E. QUARTERLY FINANCIAL AND COST SHARE REPORTS) AND OBTAIN SUPPORTING DOCUMENTATION TO SUBSTANTIATE THE AMOUNTS REPORTED TO ACE. THE PROGRAM SPECIALIST REVIEWS DOCUMENTATION OF PROGRAMMATIC NATURE AND INTERVIEWS THE PROGRAM DIRECTOR TO ASSESS THE PROGRESS AND THE STATUS OF THE PARTNERSHIP. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MARGARET BROAD EX OFFICIO 560357 0 112455 0 5966 0 181800 0 114558 0 975136 0 0 0 TERRY HARTLE SR VP, DGPA 347532 0 36272 0 1640 0 61800 0 13252 0 460496 0 0 0 JEFFREY DAVIES VP FOR FINANCE 311482 0 29827 0 1587 0 31800 0 10790 0 385486 0 0 0 PATTI PETERSON PRESIDENTIAL ADVISOR/GLOBAL INITIATI 308882 0 29664 0 5823 0 31800 0 6142 0 382311 0 0 0 TIMOTHY MCDONOUGH VP, COMMUNICATIONS & MARKETING 292321 0 27465 0 1066 0 31800 0 26943 0 379595 0 0 0 KARA FREEMAN VP, ADMINISTRATION & CIO 300100 0 28471 0 354 0 31800 0 11346 0 372071 0 0 0 NICOLE CHESTANG VP & CHIEF STRATEGIST 280728 0 0 0 7251 0 31800 0 20420 0 340199 0 0 0 LOUIS SOARES VP, CPRS 229249 0 23106 0 360 0 29187 0 23809 0 305711 0 0 0 LYNN GANGONE VP, LEADERSHIP (BEGINNING 4/1/2015) 195748 0 0 0 774 0 7950 0 11951 0 216423 0 0 0 PHILIP ROGERS VP & CHIEF OF STAFF 203406 0 20780 0 192 0 25707 0 20371 0 270456 0 0 0 SONYA WILLIAMS VP, CHIEF HR OFFICER 212633 0 20694 0 508 0 25707 0 11758 0 271300 0 0 0 MOSES YOMI AVP, FINANCE & BUDGET 164902 0 12958 0 1087 0 20845 0 19395 0 219187 0 0 0 DANIEL MADZELAN AVP, GOVERNMENT RELATIONS 206000 0 15244 0 3048 0 24720 0 1848 0 250860 0 0 0 DEBORAH SEYMOUR AVP, CEAI 172378 0 13829 0 543 0 21037 0 13075 0 220862 0 0 0 BRADLEY FARNSWORTH AVP, CIGE 155392 0 12090 0 1047 0 19344 0 16353 0 204226 0 0 0 LORELLE ESPINOSA AVP, CPRS 157408 0 11655 0 224 0 18900 0 9730 0 197917 0 0 0 FELICIA CARR AVP, MARKETING & MEMBERSHIP 164997 0 12209 0 569 0 19800 0 10175 0 207750 0 0 0 TULLY CORNICK EXECUTIVE DIRECTOR 146396 0 0 0 53235 0 17818 0 9645 0 227094 0 0 0 ANDREA BURNETT SR DIRECTOR, ITS 193000 0 0 0 373 0 23529 0 12896 0 229798 0 0 0 MICHELLE ARMOUR DIRECTOR ACCOUNTING SYSTEMS 168923 0 0 0 1090 0 21215 0 18599 0 209827 0 0 0 JEANNE-MARIE PIERRELOUIS DEPUTY EXECUTIVE DIRECTOR 129183 0 0 0 50243 0 16687 0 16283 0 212396 0 0 0 STEVEN BLOOM DIRECTOR, FEDERAL RELATIONS 164843 0 0 0 313 0 20547 0 16569 0 202272 0 0 0 PART I, LINE 1A MARGARET BROAD - HOUSING ALLOWANCE; $98,460 - NOT INCLUDED IN TAXABLE INCOME. MARGARET BROAD - HEALTH OR SOCIAL CLUB DUES; $2,730 - NOT INCLUDED IN TAXABLE INCOME. ROBERT BROAD - TRAVEL FOR COMPANION; $1,796 - NOT INCLUDED IN TAXABLE INCOME PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN AND RECEIVED THE FOLLOWING BENEFITS UNDER THE PLAN: MARGARET BROAD; $150,000 TERRY HARTLE; $30,000 AMERICAN MUTUAL HEALTH INSURANCE COMPANY SONYA WILLIAMS IS A BOD MEMBER AT AMHIC & AN OFFICER AT ACE 1996995 INSURANCE PREMIUMS 0 X 1 1500000 FMV X SOFTWARE 1 4040017 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE COUNCIL SHALL HAVE FOUR CLASSES OF VOTING MEMBERS (NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATIONAL MEMBERS, AND AFFILIATE MEMBERS. INSTITUTIONAL MEMBERS CONSIST OF COLLEGES AND UNIVERSITIES, LEGALLY AUTHORIZED TO GRANT DEGREES, ACCREDITED BY AN AGENCY RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY AN AGENCY RECOGNIZED BY THE DEPARTMENT OF EDUCATION, UPON RECOMMENDATION OF THAT AGENCY BY THE PRESIDENT AND APPROVAL BY THE MEMBERSHIP COMMITTEE, AND MEET THE PROVISIONS OF BELOW, AS APPROVED BY THE BOARD OF DIRECTORS. EACH INSTITUTIONAL MEMBER SHALL BE ENTITLED TO ONE DELEGATE AND, THROUGH THAT DELEGATE, MAY CAST ONE VOTE AT COUNCIL MEETINGS. ORGANIZATION MEMBERS INCLUDE: 1. NONPROFIT ORGANIZATIONS PRIMARILY CONCERNED WITH HIGHER EDUCATION AND WHOSE MEMBERSHIP IS RESTRICTED BY LOCAL, STATE, OR REGIONAL BOUNDARIES OR OTHER CONSIDERATIONS AS APPROVED BY THE BOARD OF DIRECTORS. 2. NONPROFIT ORGANIZATIONS PRINCIPALLY ENGAGED IN ELEMENTARY OR SECONDARY EDUCATION AND WHICH ARE LOCAL, STATE, REGIONAL, OR NATIONAL IN SCOPE, AS APPROVED BY THE BOARD OF DIRECTORS. EACH ORGANIZATION MEMBER SHALL BE ENTITLED TO ONE DELEGATE AND, THROUGH THAT DELEGATE, MAY CAST ONE VOTE AT COUNCIL MEETINGS. AFFILIATE MEMBERS CONSIST OF THOSE COLLEGES, UNIVERSITIES, AND OTHER POSTSECONDARY INSTITUTIONS THAT OFFER DEGREES, ARE CANDIDATES FOR ACCREDITATION BY AN AGENCY RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY AN AGENCY RECOGNIZED BY THE DEPARTMENT OF EDUCATION, UPON RECOMMENDATION OF THAT AGENCY BY THE PRESIDENT AND APPROVAL BY THE MEMBERSHIP COMMITTEE, AND MEET THE PROVISIONS IN SECTION 6, BELOW, AS APPROVED BY THE BOARD OF DIRECTORS. EACH AFFILIATE MEMBER SHALL BE ENTITLED TO ONE DELEGATE AND, THROUGH THAT DELEGATE, MAY CAST ONE VOTE AT COUNCIL MEETINGS. ASSOCIATES OF ACE SHALL BE NONVOTING SUBSCRIBERS OF ACE AND CONSIST OF INDIVIDUALS, ORGANIZATIONS, AND OTHER GROUPS CONCERNED WITH HIGHER EDUCATION THAT DO NOT FALL WITHIN THE MEMBERSHIP DEFINITIONS OF SECTIONS 1 THROUGH 4, BUT ARE INCLUDED IN THE FOLLOWING CATEGORIES: BRANCH OR REGIONAL SUBSCRIBERS, SUCH AS CAMPUSES THAT ARE NOT SEPARATELY ACCREDITED, BUT UNDER THE AUSPICES OF A MEMBER-ELIGIBLE INSTITUTION OR SYSTEM. INTERNATIONAL SUBSCRIBERS, SUCH AS HIGHER EDUCATION ASSOCIATIONS OR INSTITUTIONS OUTSIDE THE UNITED STATES AND ITS TERRITORIES THAT ARE RECOGNIZED BY THE APPROPRIATE AUTHORITY IN THE COUNTRY. CORPORATE SUBSCRIBERS, SUCH AS ORGANIZATIONS, CORPORATIONS, AND OTHER GROUPS IN BUSINESS AND INDUSTRY THAT ARE CONCERNED WITH HIGHER EDUCATION. FOUNDATION SUBSCRIBERS, SUCH AS FOUNDATIONS CONCERNED WITH HIGHER EDUCATION. INDIVIDUAL SUBSCRIBERS, SUCH AS INDIVIDUALS CONCERNED WITH HIGHER EDUCATION. VOTING MEMBERSHIP FOR NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATION MEMBERS OR AFFILIATE MEMBERS IS LIMITED TO INSTITUTIONS THAT ARE ENTITLED TO EXEMPTION UNDER THE FEDERAL INCOME TAX STATUTES, AS EITHER PUBLIC INSTRUMENTALITIES OR INSTITUTIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, THAT ARE EXEMPT UNDER SECTION 115(A) OR SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW), AND ARE NOT PRIVATE FOUNDATIONS BY REASON OF SECTIONS 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE OF 1954 (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW), AND TO THOSE DEGREE-GRANTING, FOR-PROFIT INSTITUTIONS THAT ARE ACCREDITED BY AGENCIES RECOGNIZED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION OR BY AN AGENCY RECOGNIZED BY THE DEPARTMENT OF EDUCATION, UPON RECOMMENDATION OF THAT AGENCY BY THE PRESIDENT AND APPROVAL BY THE MEMBERSHIP COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF ACE PURSUANT TO ARTICLE X OF THE ACE CONSTITUTION RETAIN THE RIGHT TO AMEND THE CONSTITUTION BY A 2/3 VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF IRS FORMS 990 AND 990-T ARE INITIALLY CIRCULATED AMONG ACE'S ENTIRE BOARD PRIOR TO THE MEETING OF THE BOARD OF DIRECTORS. THE PURPOSE OF MAKING THE FORMS AVAILABLE TO THE ENTIRE BOARD MEMBERSHIP IS TO SOLICIT QUESTIONS AND/OR SUGGESTIONS FOR IMPROVEMENTS TO THE DRAFT. ACE'S CHIEF FINANCIAL OFFICER (CFO) COMPILES ALL COMMENTS RECEIVED FROM THE BOARD AND RESOLVES THOSE MATTERS PRIOR TO THE BOARD MEETING. ACE'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH COMPLIANCE OVERSIGHT, INCLUDING THE ACCURATE AND TIMELY FILING OF FORMS 990 AND 990-T. THE AUDIT COMMITTEE ALSO PERIODICALLY RECEIVES UPDATES CONCERNING CHANGES TO THE FORMS PROMULGATED BY THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL RESPONSES TO CONFLICT OF INTEREST OUESTIONNAIRES ARE RECEIVED BY GENERAL COUNSEL. ANY QUESTIONS ARE ADDRESSED AND RESOLVED, ANY OUTSIDE BUSINESS RELATIONSHIPS WITH BUSINESSES DOING BUSINESS WITH THE ORGANIZATION ARE DISCLOSED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. IN THE EVENT ANY CONFLICT IS IDENTIFIED, THE AUDIT COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE ORGANIZATION OBTAINS COMPARABILITY DATA TO SUPPORT SALARY ADJUSTMENTS FOR THE PRESIDENT OF THE ORGANIZATION. WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE ORGANIZATION RELIES UPON COMPARABILITY DATA, UTILIZES INDEPENDENT PERSONS AND MAINTAINS THE APPROPRIATE RECORDS TO SUBSTANTIATE THE DECISION MAKING PROCESS. THE SAME PROCESS IS UTILIZED FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE MOST RESENT YEAR THE PROCESS TOOK PLACE IS 2016. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC TO THE EXTENT THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT ON THE PUBLICALLY AVAILABLE ACE WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: POSTRETIREMENT CHANGE OTHER THAN NET PERIODIC BENEFIT COST -962,375. PARTNERSHIP PASSTHROUGH INCOME -2,872. RECOVERED GRANTS -362,118. GED TESTING SERVICE LLC 5601 GREEN VAL DRIVE BLOOMINGTON MN 55437 275436001 TESTING PROGRAM DE RELATED 0 -1994701 12319140 0 0 0.30000