2024-05-13T14:43:21-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 436036286 AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS AACS 8137696500 777 S HARBOUR ISLAND BLVD 750 TAMPA FL 336025730 YING BI PRESIDENT & CEO 8137696500 2024-05-10 1 YING BI 999009999 1 TINA HENTON P00630282 4078021200 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z YING BI 777 S HARBOUR ISLAND BLVD 750 TAMPA FL 336025730 42312148 0 X WWW.AACSB.EDU X 1916 FL ADVANCES EXCELLENCE IN COLLEGIATE BUSINESS EDUCATION THROUGH WORLD CLASS ACCREDITATION. 27 26 82 1300 0 0 7380555 6150684 15253409 17560160 660365 1980596 0 0 23294329 25691440 186965 181963 0 0 10459600 11280909 0 0 0 9639248 14117228 20285813 25580100 3008516 111340 36218850 42024456 14524194 20571655 21694656 21452801 AACSB INTERNATIONAL PROVIDES QUALITY ASSURANCE OF BUSINESS SCHOOL PROGRAMS, THE LATEST IN BUSINESS EDUCATION INTELLIGENCE, THOUGHT LEADERSHIP, AND LEARNING AND DEVELOPMENT SERVICES. 0 0 6968523 6249819 LEARNING AND DEVELOPMENT SERVICES - CONTRIBUTES TO THE IMPROVEMENT OF ADMINISTRATION, TEACHING, AND RESEARCH IN HIGHER EDUCATION BY PROVIDING INFORMATION AND TRAINING TO BUSINESS SCHOOL ADMINISTRATORS, EDUCATORS, AND GENERAL PUBLIC ON RELEVANT TOPICS. 4970690 9458120 ACCREDITATION - ENSURES QUALITY IN COLLEGIATE SCHOOLS OF BUSINESS BY ESTABLISHING CERTAIN MINIMUM STANDARDS BY WHICH INSTITUTIONS ARE EVALUATED THROUGH A VOLUNTARY PEER REVIEW PROCESS. SERVICE IS AVAILABLE TO ANY COLLEGE OFFERING A BACHELOR'S/GRADUATE DEGREE IN BUSINESS. 6722953 181963 1852221 BUSINESS EDUCATION INTELLIGENCE, ADVOCACY AND BUSINESS EDUCATION ALLIANCE - SHARING DIVERSE INSIGHTS, BEST PRACTICES, AND IMPACTFUL RESEARCH THAT ADVANCES BUSINESS EDUCATION AND THE VALUE OF AACSB ACCREDITATION AROUND THE WORLD. AACSB IS THE LEADING ADVOCATE FOR BUSINESS SCHOOLS' QUALITY, RELEVANCE, AND POSITIVE IMPACT IN SOCIETY THROUGH RESEARCH, THOUGHT LEADERSHIP, INNOVATION, INFLUENCE, DATA ANALYTICS AND ANALYTICS HUB PROVIDED TO MEMBERS. 18662166 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 42 0 1 82 1 0 1 SN UK 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X DAMION DAM 8137696500 777 S HARBOUR ISLAND BLVD 750 TAMPA FL 336025730 CARYN BECK-DUDLEY PRESIDENT AND CEO (THRU 5/23) 40.00 X X 441164 0 27394 YING BI PRESIDENT AND CEO (AS OF 6/23) 40.00 X X 0 0 0 MCRAE BANKS CHAIR 1.00 X X 0 0 0 ALEXANDER TRIANTIS VICE CHAIR-ELECT 1.00 X X 0 0 0 JIKYEONG KANG IMMEDIATE PAST CHAIR 1.00 X 0 0 0 JOYCE STRAWSER SECRETARY/TREASURER 1.00 X X 0 0 0 NICOLE ADLER DIRECTOR 1.00 X 0 0 0 DONALD ANDREWS DIRECTOR 1.00 X 0 0 0 LUIZ BRITO DIRECTOR 1.00 X 0 0 0 DEBORAH CAPLAN DIRECTOR 1.00 X 0 0 0 ANNE-MARIE CROTEAU DIRECTOR 1.00 X 0 0 0 NATALYA DECLOURE DIRECTOR 1.00 X 0 0 0 IRINEU GIANESI DIRECTOR 1.00 X 0 0 0 TRACEY GOLDEN DIRECTOR 1.00 X 0 0 0 ANN HARRISON DIRECTOR 1.00 X 0 0 0 SHERIF KAMEL DIRECTOR 1.00 X 0 0 0 SUSAN LEHRMAN DIRECTOR 1.00 X 0 0 0 XIONGWEN LU DIRECTOR 1.00 X 0 0 0 NIKOLAJ MALCHOW-MOLLER DIRECTOR 1.00 X 0 0 0 EILEEN MCAULIFFE DIRECTOR 1.00 X 0 0 0 PETER MOLLGAARD DIRECTOR 1.00 X 0 0 0 XAVIER ORDENANA DIRECTOR 1.00 X 0 0 0 VANCE ROLEY DIRECTOR 1.00 X 0 0 0 VALLABH SAMBAMURTHY DIRECTOR 1.00 X 0 0 0 KAREN SPENS DIRECTOR 1.00 X 0 0 0 KAR YAN TAM DIRECTOR 1.00 X 0 0 0 MARILYN WILEY DIRECTOR 1.00 X 0 0 0 IAN WILLIAMSON DIRECTOR 1.00 X 0 0 0 NEIL BOSLAND EVP, CFO AND COO 40.00 X 400512 0 39851 STEPHANIE BRYANT EVP, CHIEF ACCREDITATION OFFICER 40.00 X 375633 0 38693 TIMOTHY MESCON EVP, CHIEF OFFICER EMEA (THRU 12/22) 40.00 X 656540 0 18322 GEOFF PERRY EVP, CHIEF OFFICER ASIA PACIFIC 40.00 X 395000 0 18810 AL RENSHAW VP, CHIEF MARKETING OFFICER 40.00 X 292359 0 46743 NICK IGNERI SVP, CHIEF LEARNING OFFICER 40.00 X 337094 0 38693 REBECCA GANN VP, GLOBAL MEMBERSHIP 40.00 X 173709 0 36330 BEVERLY DANIEL DIRECTOR, HR AND GOVERNANCE 40.00 X 201301 0 12721 GINGER AUSLOOS VP, INFORMATION TECHNOLOGY 40.00 X 172282 0 40002 3445594 0 317559 10 0 1 0 BI NORWEGIAN BUSINESS SCHOOL NYDALSVEIEN 37 OSLO NO 0484 EVENT SITE 710185 KOMODO TECHNOLOGIES 18 WAYLAND ST 1 BOSTON MA 02125 CONSULTING SERVICES 658533 TD BANK PO BOX 2580 CHERRY HILL NJ 08034 BANKING 619879 ESTEEM MANAGEMENT SVCS PAYROLL-CLIENT'S 133 CECIL ST 16-01 CENTRAL SINGAPORE SN 069535 PAYROLL 569582 VISTRA INTERNATIONAL DEPT LA 23551 PASADENA CA 91185 PAYROLL 476600 5 6120050 30634 6150684 ACCREDITATION FEES 611710 9458120 9458120 REGISTRATION FEES 611710 6249819 6249819 CONFERENCE EXHIBIT AND SPONSORSHI 611710 1605710 1605710 ADVOCACY AND AWARENESS 541800 173591 173591 BUSINESS EDUCATION SERVICES 611710 72920 72920 17560160 828975 828975 17772329 16431522 189186 1340807 -189186 1151621 1151621 25691440 17560160 0 1980596 120000 120000 61963 61963 2186402 1639801 546601 7034239 5248854 1785385 233180 173984 59196 1353614 1011015 342599 473474 353707 119767 71427 71427 57986 57986 108139 108139 2000823 1858908 141915 690470 116237 574233 75862 65897 9965 2694808 1912811 781997 1113037 847647 265390 730112 667769 62343 3969212 2985877 983335 1025468 619920 405548 135098 122848 12250 ADVOCACY & AWARENESS 460475 460475 CARD & BANK FEES 364951 343402 21549 RECRUITING EXPENSE 291301 217615 73686 PROFESSIONAL DEVELOPMEN 172147 161982 10165 155912 131929 23983 25580100 18662166 6917934 0 2668635 8328483 1884145 273344 240278 580833 745630 6783777 4548321 3345036 2235456 29247352 22128297 952633 103650 5509534 36218850 42024456 3691837 1617672 10799576 12310530 32781 0 6643453 14524194 20571655 X 21694656 21452801 21694656 21452801 36218850 42024456 111340 -353195 0 X 0 1 X 1 0 X 5526725 5688385 7132379 7380555 6150684 31878728 5526725 5688385 7132379 7380555 6150684 31878728 31878728 408873 460561 428784 443262 828975 2570455 56735 12067 6100 74902 34524085 75336038 0.92340 0.92960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MAILING LIST REVENUE - 2018 AMOUNT: $ 19,250. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 37,485. 2019 AMOUNT: $ 12,067. 2020 AMOUNT: $ 6,100. 2002052 1079585 922467 1519149 1071644 447505 3262576 2397092 865484 2235456 NET OPERATING LEASE ROU ASSET 5405884 LONG-TERM DEPOSITS 103650 5509534 OPERATING LEASE LIABILITY 6643453 6643453 X PART X, LINE 2: AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE INTERNAL REVENUE SERVICE (IRS). UNDER CERTAIN CIRCUMSTANCES, ORGANIZATIONS ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE ENTITY FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME, IF ANY. 1 EAST ASIA AND THE PACIFIC 1 6 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 1236000 EUROPE 1 7 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 1276000 SOUTH AMERICA 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 18000 MIDDLE EAST 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 88000 SOUTH ASIA 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 5000 NORTH AMERICA 0 0 PROGRAM SERVICES MEMBER RECRUITMENT, ACCREDITATION CONSULT, & PROFESSIONAL DEVELOPMENT EVENTS 312000 2 13 0 0 2 13 2935000 0 2935000 EUROPE SUPPORT FOR BUSINESS PRACTICE ENGAGEMENT IN EUROPE 40638 WIRE 0 N/A N/A SOUTH ASIA SUPPORT FOR BUSINESS PRACTICE ENGAGEMENT IN SOUTH AISA 9305 WIRE 0 N/A N/A EAST ASIA AND PACIFIC SUPPORT FOR BUSINESS PRACTICE ENGAGEMENT IN EAST AISA AND PACIFIC 7500 WIRE 0 N/A N/A 3 0 0 1 0 0 0 PART I, LINE 2: AN AACSB REPRESENTATIVE ATTENDS THE CLADEA ANNUAL MEETING TO VERIFY THAT THE FUNDS ARE USED PROPERLY. PART III ACCOUNTING METHOD: 1 THE PHD PROJECT ASSOCIATION 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 202610773 501(C)(3) 100000 0 N/A N/A SUPPORT FOR THE PHD PROJECT THE TRUSTEES OF THE UNIV OF PENNSYLVANIA 3730 WALNUT STREET 712 JMHH PHILADELPHIA PA 19104 231352685 501(C)(3) 10000 0 N/A N/A SUPPORT FOR BUSINESS PRACTICE ENGAGEMENT IN THE US 2 0 PART I, LINE 2: AN AACSB REPRESENTATIVE ATTENDS MEETINGS HOSTED BY EACH RECIPIENT. FOR THE PHD PROJECT AND BETA GAMMA SIGMA, AN AACSB REPRESENTATIVE SITS ON THE BOARD OF DIRECTORS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY MESCON EVP, CHIEF OFFICER EMEA (THRU 12/22) 355488 0 35000 0 266052 0 15250 0 3072 0 674862 0 0 0 CARYN BECK-DUDLEY PRESIDENT AND CEO (THRU 5/23) 400008 0 40000 0 1156 0 15250 0 12144 0 468558 0 0 0 NEIL BOSLAND EVP, CFO AND COO 365512 0 35000 0 0 0 15250 0 24601 0 440363 0 0 0 STEPHANIE BRYANT EVP, CHIEF ACCREDITATION OFFICER 340633 0 35000 0 0 0 15250 0 23443 0 414326 0 0 0 GEOFF PERRY EVP, CHIEF OFFICER ASIA PACIFIC 360000 0 35000 0 0 0 13780 0 5030 0 413810 0 0 0 NICK IGNERI SVP, CHIEF LEARNING OFFICER 300000 0 35000 0 2094 0 15250 0 23443 0 375787 0 0 0 AL RENSHAW VP, CHIEF MARKETING OFFICER 257359 0 35000 0 0 0 14779 0 31964 0 339102 0 0 0 BEVERLY DANIEL DIRECTOR, HR AND GOVERNANCE 201301 0 0 0 0 0 10069 0 2652 0 214022 0 0 0 GINGER AUSLOOS VP, INFORMATION TECHNOLOGY 172282 0 0 0 0 0 8907 0 31095 0 212284 0 0 0 REBECCA GANN VP, GLOBAL MEMBERSHIP 173709 0 0 0 0 0 6757 0 29573 0 210039 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE IS PROVIDED TO EXPATRIATE EMPLOYEES WHILE RESIDING AND WORKING IN A FOREIGN COUNTRY. THE TAX INDEMNIFICATION AND GROSS UP IS RELATED TO RELOCATION EXPENSES PROVIDED TO A SENIOR EXECUTIVE. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE WHOSE MEMBERSHIP SHALL INCLUDE THE BOARD CHAIR (WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), VICE CHAIR-CHAIR ELECT, SECRETARY-TREASURER, PRESIDENT AND CEO, IMMEDIATE PAST CHAIR, AND UP TO THREE ADDITIONAL BOARD MEMBERS APPOINTED BY THE VICE CHAIR-CHAIR ELECT (WHO SHALL PRESIDE AS BOARD CHAIR DURING THE YEAR FOR WHICH THE APPOINTMENTS ARE MADE). THE EXECUTIVE COMMITTEE SHALL ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION IS COMPOSED OF EDUCATIONAL INSTITUTIONS RECOGNIZED OR AUTHORIZED BY AN APPROPRIATE GOVERNING BODY. THE MEMBERSHIP ALSO IS COMPOSED OF OTHER SELECTED NON-EDUCATIONAL INSTITUTIONS WHICH INCLUDES BUSINESS FIRMS AND CORPORATIONS, LEARNED SOCIETIES, TRADE, FOUNDATION, RESEARCH, PROFESSIONAL, AND GOVERNMENTAL ORGANIZATIONS. EACH MEMBER INSTITUTION MAY HAVE ANY NUMBER OF ITS REPRESENTATIVES FROM ITS EMPLOY AT BUSINESS MEETINGS, BUT EACH MEMBER INSTITUTION SHALL HAVE ONLY ONE OFFICIAL VOTING REPRESENTATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING REPRESENTATIVE SHALL BE THE OFFICIAL REPRESENTATIVE TO THE CORPORATION. EACH MEMBER OF THE CORPORATION SHALL HAVE ONE VOTE ON AFFAIRS BROUGHT TO THE CORPORATION EXCEPT ON MATTERS RESERVED FOR MEMBERS OF THE ACCREDITATION COUNCIL. IN JANUARY OF EACH YEAR, OFFICIAL REPRESENTATIVES MAY VOTE IN THE ANNUAL ELECTION TO FILL OPEN POSITIONS OF THE BOARD OF DIRECTORS WHICH ARE BEING VACATED BY BOARD MEMBERS WHOSE TERMS ARE EXPIRING AT THE END OF THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 7B EACH OFFICIAL REPRESENTATIVE (OR THEIR DESIGNEE) MAY VOTE ON ISSUES PRESENTED AT THE ANNUAL BUSINESS MEETING. ISSUES MIGHT INCLUDE A MEMBERSHIP DUES INCREASE OR MODIFICATIONS TO THE ARTICLES AND/OR BYLAWS. MEMBERS OF THE ACCREDITATION COUNCIL (AACSB ACCREDITED MEMBERS) ARE AUTHORIZED TO VOTE ON ISSUES RELATED TO THE ACCREDITATION STANDARDS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBJECT TO REVIEW AND APPROVAL BY THE CEO AND CFO OF THE ORGANIZATION BEFORE IT IS FILED WITH THE IRS. FURTHERMORE, ALL MEMBERS OF THE BOARD ARE PROVIDED WITH A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD OF DIRECTORS, A STANDING COMMITTEE, OR TASK FORCE, RESPECTIVELY, IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS WHEN A VOLUNTEER IN ONE OF THE ROLES DESCRIBED ABOVE REQUESTS A DETERMINATION. IF THE CHAIR HAS A CONFLICT OF INTEREST, THE VICE CHAIR WILL PROVIDE THE FINAL DETERMINATION. IN CASES WHERE A PARTICIPANT VOLUNTARILY IDENTIFIES AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST AND ABSENTS HIM OR HERSELF FROM THE DELIBERATIONS AND ACTIONS, THESE EVENTS WILL BE RECORDED IN WRITING AS PART OF THE MEETING RECORD AND A COPY FILED WITH THE EXECUTIVE OFFICE OF AACSB. IF A REQUEST FOR A DETERMINATION OF AN ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST IS MADE TO THE CHAIR (OR VICE CHAIR), SUCH REQUESTS MUST BE MADE IN WRITING, AND THE DETERMINATION BY THE CHAIR (OR VICE CHAIR) IS TO BE IN WRITING, AND BOTH ARE TO BE FILED WITH THE EXECUTIVE OFFICE OF AACSB. FORM 990, PART VI, SECTION B, LINE 15 THE AACSB COMPENSATION COMMITTEE (THE CHAIR OF THE BOARD, THE VICE CHAIR/CHAIR ELECT OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD, AND TWO ADDITIONAL MEMBERS OF THE BOARD) MEETS TWICE ANNUALLY TO ASSESS THE PRESIDENT/CEO'S PERFORMANCE, REVIEW AND APPROVE GOALS FOR THE NEXT YEAR, AND SET THE COMPENSATION (% SALARY INCREASE) FOR THE UPCOMING YEAR. COMPARABLE DATA, SUCH AS THE AACSB SALARY SURVEY REGARDING DEANS AND CHIEF OFFICERS IS USED AS WARRANTED. DISCUSSIONS FROM THE MEETINGS ARE DOCUMENTED. THE PRESIDENT/CEO, IN CONSULTATION WITH THE COMPENSATION COMMITTEE, REVIEWS OTHER KEY EMPLOYEES' PERFORMANCE AND DETERMINES THE COMPENSATION (% SALARY INCREASE) FOR THE UPCOMING YEAR. COMPARABLE DATA, SUCH AS THE AACSB SALARY SURVEY REGARDING DEANS AND CHIEF OFFICERS IS USED AS WARRANTED. DISCUSSIONS FROM THE MEETINGS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. AACSB INTERNATIONAL LTD 331 NORTH BRIDGE ROAD 10-04/05 ODEON TOWERS SN ACCREDITATION SERVICES SN AACSB INTERNATIONAL