2025-03-05T14:32:54-06:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-10-01 522274900 AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSION OFFICERS AMER 2022939161 1108 16TH STREET NW 400 WASHINGTON DC 200063606 MELANIE GOTTLIEB EXECUTIVE DIRECTOR 2022939161 2025-03-03 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-03-03 2023 2025-03-06 01:10:19Z MELANIE GOTTLIEB 1108 16TH STREET NW 400 WASHINGTON DC 200063606 11933978 0 X WWW.AACRAO.ORG X 1999 DC TO ADVANCE AND SUPPORT HIGHER EDUCATION THROUGH ITS RESOURCES, LEADERSHIP, AND ADVOCACY. 13 13 54 95 169643 8014 1286421 1315991 9307596 9890620 344786 482986 24601 244381 10963404 11933978 229844 205740 0 0 5672389 5860762 0 0 0 6437423 6262180 12339656 12328682 -1376252 -394704 22363832 22358137 9475005 8114014 12888827 14244123 X TO ADVANCE AND SUPPORT A RICHLY DIVERSE, GLOBALLY INTERCONNECTED COMMUNITY OF HIGHER EDUCATION PROFESSIONALS AS WELL AS THE INSTITUTIONS, ORGANIZATIONS, AND LEARNERS THEY SERVE THROUGH ITS RESOURCES, LEADERSHIP, AND ADVOCACY. 0 0 2406917 3558920 MEETINGS: THE ASSOCIATION HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR, INCLUDING THE AACRAO ANNUAL MEETING, THE STRATEGIC MANAGEMENT ENROLLMENT CONFERENCE (SEM), AND THE TECHNOLOGY AND TRANSFER SUMMIT. THE AACRAO ANNUAL MEETING PROVIDES A VALUABLE FORUM FOR MEMBERS AND EXPERTS IN ADMISSIONS, REGISTRATION, FINANCIAL AID, INSTITUTIONAL RESEARCH, AND GOVERNMENT REGULATIONS TO COME TOGETHER AND SHARE THEIR KNOWLEDGE. THE SEM CONFERENCE IS THE PREMIER EVENT FOR ENROLLMENT MANAGEMENT PROFESSIONALS, OFFERING ATTENDEES THE OPPORTUNITY TO NETWORK AND ENGAGE IN PROFESSIONAL DEVELOPMENT WHILE DEVELOPING TOOLS AND RESOURCES TO ENHANCE ENROLLMENT OUTCOMES. FINALLY, AACRAO'S TECHNOLOGY & TRANSFER SUMMIT IS AN ANNUAL EVENT THAT BRINGS TOGETHER HIGHER EDUCATION PROFESSIONALS TO DISCUSS THE LATEST TRENDS AND BEST PRACTICES IN TECHNOLOGY AND TRANSFER CREDIT. 493850 3344492 MEMBERSHIP: THE ASSOCIATION'S MEMBERSHIP SERVICES ACTIVITIES INCLUDE MEMBER ACQUISITION AND RETENTION, ANNUAL RENEWALS AND CUSTOMER SERVICE TO OVER 14,000 EXISTING DOMESTIC AND INTERNATIONAL MEMBERS. THIS INCLUDES MAINTAINING AN ACCURATE MEMBERSHIP DATABASE FOR INTERNAL USE BY STAFF AND EXTERNAL USE BY MEMBERS AS A DIRECTORY. THE ASSOCIATION ALSO HOLDS AN ANNUAL AWARDS CEREMONY WHERE MEMBERS CAN NOMINATE EACH OTHER FOR VARIOUS AWARDS TO HIGHLIGHT THE EXCEPTIONAL CONTRIBUTIONS OF ITS MEMBERS TO HIGHER EDUCATION. 1495750 920339 CONSULTING: THE ASSOCIATION PROVIDES SERVICES TO UNIVERSITIES AND COLLEGES OF ALL SIZES ACROSS THE U.S., CANADA, AND A VARIETY OF OTHER INTERNATIONAL LOCATIONS IN THE SPECIALIZED AREAS OF STRATEGIC ENROLLMENT MANAGEMENT, STUDENT SERVICES, STAFF DEVELOPMENT, TECHNOLOGY OPTIMIZATION, CREDENTIAL INNOVATION, AND ORGANIZATIONAL OPERATIONS. 4919163 205740 1915377 AACRAO JOBS IS THE LEADING EMPLOYMENT SITE FOR ADMISSIONS, ENROLLMENTMANAGEMENT, STUDENT SERVICES AND OTHER HIGHER EDUCATION ADMINISTRATIONPROFESSIONALS. AS A ONE-STOP RESOURCE FOR EMPLOYMENT, AACRAO JOBSOFFERS AN EXTENSIVE LISTING OF AVAILABLE JOBS IN HIGHER EDUCATIONADMINISTRATION THROUGHOUT THE UNITED STATES AND ABROAD. THE SITE ALSOOFFERS A RESUME BANK FOR HIRING MANAGERS TO FIND QUALIFIED CANDIDATESAMONG THE MEMBERSHIP.REVENUE: 169,643 EXPENSES: 76,522 STRATEGY AND PLANNING - THIS DIVISION OF THE ASSOCIATION FUNCTIONS AS ACOORDINATING BODY, DEVELOPING, EVALUATING, AND IMPLEMENTING STRATEGIESTHAT SATISFY THE OBJECTIVES OF INDIVIDUAL DEPARTMENTS AS WELL ASPROMOTING OVERALL ASSOCIATION GOALS.REVENUE: 180 EXPENSES: 993,997CORPORATE PARTNERSHIPS - THE ASSOCIATION OFFERS A CORPORATE PARTNERSHIPPROGRAM DESIGNED TO FOSTER MUTUALLY BENEFICIAL RELATIONSHIPS BETWEENTHE ASSOCIATION AND ORGANIZATIONS THAT PROVIDE PRODUCTS AND SERVICES TOHIGHER EDUCATION INSTITUTIONS. PARTNERS HAVE OPPORTUNITIES TO SHARETHEIR EXPERTISE AND INSIGHTS WITH HIGHER EDUCATION PROFESSIONALS THROUGH WEBINARS, PUBLICATIONS, MEETINGS AND OTHER AVENUES.REVENUE: 90,466 EXPENSES: 181,569 ELECTRONIC DATABASE FOR GLOBAL EDUCATION (EDGE) EDGE IS A WEB-BASEDPLATFORM THAT PROVIDES TOOLS AND RESOURCES FOR EVALUATING INTERNATIONALEDUCATIONAL CREDENTIALS. AACRAO'S EDGE IS DESIGNED TO HELP INSTITUTIONSAND ORGANIZATIONS MAKE INFORMED DECISIONS ABOUT THE ADMISSION, TRANSFERCREDIT, AND PLACEMENT OF INTERNATIONAL STUDENTS.REVENUE: 562,190 EXPENSES: 183,804 GOVERNMENT RELATIONS - THE ASSOCIATION PROVIDES MEMBERS WITH UPDATES ONFEDERAL REGULATIONS AND COMPLIANCE ISSUES, CONGRESSIONAL AND AGENCYACTIVITY, AND HIGHER EDUCATION COVERAGE IN NATIONAL NEWS.EXPENSES: 454,631 INTERNATIONAL INITIATIVE - AACRAO'S INTERNATIONAL INITIATIVE IS APROGRAM THAT AIMS TO PROMOTE BEST PRACTICES IN INTERNATIONAL EDUCATIONAND SUPPORT THE PROFESSIONAL DEVELOPMENT OF INTERNATIONAL EDUCATIONPROFESSIONALS. THE INITIATIVE PROVIDES RESOURCES, TRAINING, ANDNETWORKING OPPORTUNITIES TO HELP PROFESSIONALS NAVIGATE THECOMPLEXITIES OF INTERNATIONAL EDUCATION AND DEVELOP STRATEGIES FORENHANCING GLOBAL ENGAGEMENT ON THEIR CAMPUSES. THE PROGRAM ALSOADVOCATES FOR POLICIES THAT SUPPORT INTERNATIONAL EDUCATION AND WORKSREGISTRARS AND ADMISSION OFFICERS 52-2274900AMERICAN ASSOCIATION OF COLLEGIATETO BUILD PARTNERSHIPS WITH INSTITUTIONS AND ORGANIZATIONS AROUND THEWORLD.REVENUE: 2,400 EXPENSES: 128,885 LAW SCHOOL ADMISSION COUNCIL (LSAC) - AACRAO AND THE LAW SCHOOLADMISSION COUNCIL (LSAC) HAVE A PARTNERSHIP THAT ALLOWS AACRAO MEMBERSTO ACCESS LSAC'S SERVICES AND RESOURCES. THE PARTNERSHIP IS DESIGNED TOSUPPORT THE WORK OF AACRAO MEMBERS WHO ARE INVOLVED IN LAW SCHOOLADMISSIONS AND TO PROMOTE BEST PRACTICES IN THE FIELD.REVENUE: 709,427 EXPENSES: 530,998 AACRAO RESEARCH IS DEDICATED TO ADVANCING KNOWLEDGE AND UNDERSTANDINGOF THE FACTORS AND CONDITIONS THAT IMPACT HIGHER EDUCATION ACADEMIC ANDENROLLMENT SERVICES, AND ULTIMATELY STUDENT SUCCESS.REVENUE: 40,000 EXPENSES: 296,820 FERPA THE ASSOCIATION PROVIDES A RANGE OF RESOURCES AND SERVICESRELATED TO THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA ) TOHELP ITS MEMBERS UNDERSTAND AND COMPLY WITH THE LAW.REVENUE: 60,070 EXPENSES: 100,976 CONTENT & CURRICULUM THE ASSOCIATION OFFERS A RANGE OF TRAINING ANDEDUCATIONAL PROGRAMS DESIGNED TO HELP AACRAO MEMBERS STAY UP TO DATE ONTHE LATEST TRENDS AND BEST PRACTICES IN THE FIELD.REVENUE: 327,774 EXPENSES: 583,333 PUBLICATIONS/JOURNALS THE ASSOCIATION OFFERS A WIDE VARIETY OFPUBLICATIONS THAT ASSIST MEMBERS WITH PROFESSIONAL DEVELOPMENT, AS WELLAS HELPING THEM MAKE INFORMED DECISIONS AND IMPROVE THEIR PRACTICES.AACRAO PUBLICATIONS PLAY A CRITICAL ROLE IN COMMUNICATING KNOWLEDGE,INSIGHTS, AND BEST PRACTICES TO ITS MEMBERS AND THE BROADER HIGHEREDUCATION COMMUNITY.REVENUE: 116,024 EXPENSES: 299,416 4919163 205740 1915377 9315680 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 92 0 1 54 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X MELANIE GOTTLIEB 2022939161 1108 16TH STREET NW SUITE 400 WASHINGTON DC 20036 MELANIE GOTTLIEB EXECUTIVE DIRECTOR 40.00 X 429358 0 55475 MICHAEL SIMMONS DIRECTOR OF CONSULTING AND 40.00 X 198780 0 21550 TINA DENEEN ASSOC. EXECUTIVE DIR. EDU. 40.00 X 195354 0 48609 MARTHA HENEBRY ASSOC. EXECUTIVE DIR. POLI 40.00 X 188756 0 31572 QUINTINA BARNETT GALLION ASSOC. EXECUTIVE DIR. STRA 40.00 X 181808 0 58940 WILLIAM GIL SR. DIRECTOR GOV'T. REAL. 40.00 X 172922 0 21438 MICHELE SANDLIN LEFT B4 YE DIRECTOR OF CONSULTING AND BUSINESS 40.00 X 169264 0 39161 DR KRISTI WOLD-MCCORMICK PRESIDENT 1.00 X X 0 0 0 JACQUELINE CARTER PAST PRESIDENT 1.00 X X 0 0 0 CASSANDRA MOORE PRESIDENT-ELECT 1.00 X X 0 0 0 HALA ABOU ARRAJ VICE PRESIDENT FOR INTERNATIONAL EDUCATION 1.00 X 0 0 0 CHRIS HUANG VICE PRESIDENT FOR INFORMA 1.00 X 0 0 0 ARI KAUFMAN VICE PRESIDENT FOR FINANCE 1.00 X 0 0 0 CARRIE JEFFERS VICE PRESIDENT AT LARGE 1.00 X 0 0 0 CONNIE SHIPMAN NEWSOME VICE PRESIDENT AT LARGE 1.00 X 0 0 0 ROSLYN PERRY VICE PRESIDENT FOR ACCESS 1.00 X 0 0 0 JULIA POMERENK VICE PRESIDENT FOR RECORDS 1.00 X 0 0 0 BRENDA SELMAN VICE PRESIDENT FOR ADMISSI 1.00 X 0 0 0 TIFFANI ROBERTSON VICE PRESIDENT FOR LEADERSHIP AND MANAGEMENT DEVEL 1.00 X 0 0 0 ROB SHOMAKER LEFT B4 YE EXTERNAL BOARD MEMBER 1.00 X 0 0 0 CAROLINE LAGUERRE-BROWN AUG 2024 EXTERNAL BOARD MEMBER 1.00 X 0 0 0 1536242 0 276745 17 0 1 0 GAYLORD ROCKIES RESORT & CONV CENTER 6700 N GAYLORD ROCKIES BLVD AURORA CO 80019 CONVENTION CENTER 691474 CLIFTONLARSONALLEN LLP PO BOX 829709 PHILADELPHIA PA 191829709 CONSULTANTS 585765 PRG CORPORATE EVENTS PO BOX 419470 BOSTON MA 02241 EVENT DESINGERS AND PRODUCERS 459753 MEETING TOMORROW 2901 W LAWRENCE AVE CHICAGO IL 60625 VENUE & EVENT SPACE 371688 HYATT REGENCY SEATTLE 808 HOWELL STREET SEATTLE WA 98101 VENUE & EVENT SPACE 356533 8 1315991 1315991 MEMBER DUES 541900 3344492 3344492 REGISTRATIONS 541900 2697144 2697144 SERVICE FEES 541900 1669350 1669350 OTHER PROGRAM SERVICE REVENUE 541900 1111655 1111655 PUBLICATION SALES 541900 680794 511151 169643 387185 387185 9890620 482986 482986 OTHER INCOME 900009 244381 18151 226230 244381 11933978 9739128 169643 709216 X 200000 200000 5740 5740 760354 650570 109784 3968599 2945268 1023331 606148 467168 138980 234754 226484 8270 290907 218060 72847 19145 17982 1163 382023 317081 64942 61849 61849 1509155 1304570 204585 5768 5768 419926 321394 98532 287084 209826 77258 447884 276638 171246 1609397 1447017 162380 318309 219633 98676 211969 178053 33916 77011 63919 13092 MEMBERSHIP AND SUBSCRIP 609359 146105 463254 OTHER EXPENSES 221539 12879 208660 PRINTING AND PRODUCTION 81191 81103 88 GENERAL TAXES 571 422 149 12328682 9315680 3013002 0 2250102 2054257 504162 529367 777081 578497 546090 394960 159788 172191 500451 623768 8511063 1902841 6798928 6608222 10510654 11396875 316576 22363832 22358137 874378 849873 3423105 3707877 5177522 3545042 0 11222 9475005 8114014 X 12087029 12957704 801798 1286419 12888827 14244123 22363832 22358137 X -394704 2077798 -327798 X 0 1 X 1 0 X 24550 2451586 1495806 1286421 1315991 6574354 6688632 7036351 8481800 9113125 9716777 41036685 6713182 9487937 9977606 10399546 11032768 47611039 1650000 47500 500000 1000000 3197500 150088 260588 156539 12623 70205 650043 150088 1910588 204039 512623 1070205 3847543 43763496 268423 240118 275166 280375 482986 1547068 41230 104624 32904 6331 185089 268423 281348 379790 313279 489317 1732157 798293 3334 23307 24601 244381 1093916 7779898 9772619 10380703 10737426 11766466 50437112 0.86770 0.90500 0.03430 0.03150 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE CLAIM - 2019 AMOUNT: $ 798,293. 2021 AMOUNT: $ 7,770. OTHER INCOME - 2020 AMOUNT: $ 3,334. 2021 AMOUNT: $ 15,537. 2022 AMOUNT: $ 24,601. 2023 AMOUNT: $ 244,381. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8707024 692347 9399371 7529901 1233102 55979 8707024 9742414 -2149923 62590 7529901 8136314 1677822 61722 9742414 8052446 139186 55318 8136314 1.00000 0 0 7656031 1151517 6504514 470938 414635 56303 384094 336689 47405 6608222 INTEREST RATE SWAP 11222 11222 X 13622129 2077798 -327798 1750000 11872129 61849 61849 11933978 12266833 0 12266833 61849 61849 12328682 PART X, LINE 2: THE AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP -327,798. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 PROGRAM SERVICES TRAINING HIGHER EDUCATION INSTITUTION REGISTRARS AND EXAMINE THEIR PROGRAMS 171611 SOUTH AMERICA - PERU 0 PROGRAM SERVICES TRAINING HIGHER EDUCATION INSTITUTION REGISTRARS AND EXAMINE THEIR PROGRAMS 1630 EUROPE (INCLUDING ICELAND & GREENLAND) 0 PROGRAM SERVICES TRAINING HIGHER EDUCATION INSTITUTION REGISTRARS AND EXAMINE THEIR PROGRAMS 279 0 1 0 0 0 1 173520 0 173520 0 0 0 0 0 0 1 1EDTECH CONSORTIUM INC 801 INTERNATIONAL PARKWAY 5TH FLOOR PMB 112 LAKE MARY FL 32746 043489277 501C6 14750 0 PASS THRU FUNDING AMERICAN ASSOCIATION OF COMMUNITY COLLEGES ONE DUPONT CIRCLE SUITE 700 WASHINGTON DC 20036 530196569 501C3 14750 0 PASS THRU FUNDING AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES 1818 R STREET NW WASHINGTON DC 20039 521945674 501C3 14750 0 PASS THRU FUNDING AMERICAN COUNCIL ON EDUCATION PO BOX 418762 BOSTON MA 02241 530196573 501C3 14750 0 PASS THRU FUNDING ASSOCIATION FOR INSTITUTIONAL RESEARCH DEPT 177 PO BOX 850001 ORLANDO FL 32885 366149972 501C3 14750 0 PASS THRU FUNDING COMPETENCY-BASED EDUCATION NETWORK 1417 HANSON DRIVE FRANKLIN TN 37067 821307652 501C3 29500 0 PASS THRU FUNDING EDUCAUSE PO BOX 910781 DENVER CO 80291 841455437 501C3 14750 0 PASS THRU FUNDING MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 501C3 29500 0 PASS THRU FUNDING NACADA THE GLOBAL COMMUNITY FOR ACADEMIC ADVISING INC 2323 ANDERSON AVE SUITE 225 MANHATTAN KS 66502 481114759 501C3 14750 0 PASS THRU FUNDING NATIONAL ASSOCIATION OF COLLEGES AND EMPLOYERS PO BOX 411055 BOSTON MA 02241 231270546 501C4 20000 0 PASS THRU FUNDING UNIVERSITY PROFESSIONAL AND CONTINUING EDUCATION ASSOCIATION 1 DUPONT CIRCLE NORTHWEST SUITE 450 WASHINGTON DC 20036 416030721 501C3 14750 0 PASS THRU FUNDING 9 2 PART I, LINE 2: THE ASSOCIATION PARTICIPATES IN A RANGE OF GRANT FUNDED ACTIVITIES THAT SUPPORT PROJECTS RELATED TO TOPICS AND INITIATIVES RELEVANT TO THE WORK OF THE ASSOCIATION AND ITS MEMBERS. X X X 0 0 0 0 0 0 0 0 0 MELANIE GOTTLIEB EXECUTIVE DIRECTOR 429358 0 0 0 0 0 39113 0 16362 0 484833 0 0 0 MICHAEL SIMMONS DIRECTOR OF CONSULTING AND 198780 0 0 0 0 0 18785 0 2765 0 220330 0 0 0 TINA DENEEN ASSOC. EXECUTIVE DIR. EDU. 195354 0 0 0 0 0 18737 0 29872 0 243963 0 0 0 MARTHA HENEBRY ASSOC. EXECUTIVE DIR. POLI 188756 0 0 0 0 0 17852 0 13720 0 220328 0 0 0 QUINTINA BARNETT GALLION ASSOC. EXECUTIVE DIR. STRA 181808 0 0 0 0 0 17891 0 41049 0 240748 0 0 0 WILLIAM GIL SR. DIRECTOR GOV'T. REAL. 172922 0 0 0 0 0 16655 0 4783 0 194360 0 0 0 MICHELE SANDLIN LEFT B4 YE DIRECTOR OF CONSULTING AND BUSINESS 169264 0 0 0 0 0 16659 0 22502 0 208425 0 0 0 A DISTRICT OF COLUMBIA VARIABLE RATE REVENUE BONDS SERIES 2017 2017-12-28 6000000 PURCHASE OF AND IMPROVMENTS TO TWO FLOORS IN A BUILDING 0 0 0 A 6000000 6000000 2018 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 6 AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS IS A NON PROFIT, VOLUNTARY, PROFESSIONAL MEMBER ASSOCIATION OF MORE THAN 11,000 HIGHER EDUCATION ADMISSIONS AND REGISTRATION PROFESSIONALS WHO REPRESENT MORE THAN 2,600 INSTITUTIONS AND AGENCIES IN THE UNITED STATES AND IN 40 COUNTRIES AROUND THE WORLD. FORM 990, PART VI, SECTION A, LINE 7A AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS RECEIVES ITS LEADERSHIP AND DIRECTION FROM ITS MEMBERS. EVERY YEAR AT THE ANNUAL MEETING, THE MEMBERSHIP COMES TOGETHER TO ELECT THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AT THE BUSINESS SESSION OF THE ANNUAL MEETING, THE MEMBERSHIP VOTE ON THE ANNUAL BUDGET AS APPROVED BY THE BOARD OF DIRECTORS AND PRESENTED BY THE AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS VP FINANCE. FORM 990, PART VI, SECTION B, LINE 11B THE AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS' FORM 990 IS FIRST PRESENTED TO THE FINANCE, INVESTMENT AND AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ONCE APPROVED, THE 990 IS SENT TO THE ENTIRE BOARD BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ANNUALLY REVIEWED BY MANAGEMENT AND THE BOARD TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE ASSOCIATION PARTICIPATES IN ANNUAL COMPENSATION STUDIES CONDUCTED BY AN INDEPENDENT PROFESSIONAL FIRM. THE RESULTS OF THE STUDY ARE RELIED UPON IN DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER SENIOR MANAGEMENT OFFICIALS. THE LAST REVIEW AS IN MARCH 2022. COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD. SALARY INCREASES FOR ALL OTHER STAFF MEMBERS ARE RECOMMENDED AND APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 1,304,570. MANAGEMENT AND GENERAL EXPENSES 204,585. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,509,155. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP INTEREST -327,798.