2024-03-02T09:29:35-06:00 2023-05-31 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-06-01 042546632 ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF MASSACHUSETTS INC ASSO 6177425147 5 BRIGHTON STREET BELMONT MA 02478 ROBERT MCCARRON PRESIDENT 6177425147 2024-02-27 1 ROBERT MCCARRON 999009999 0 DAVID A DIIULIS P00303577 6174711120 2024-02-27 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT MCCARRON 5 BRIGHTON STREET BELMONT MA 02478 1594316 0 X WWW.AICUM.ORG X 1974 MA TO REPRESENT THE COMMON INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS BY PROPOSING, SUPPORTING AND WORKING WITH THE LEGISLATURE (PRIMARILY AT THE STATE LEVEL) FOR THE BEST INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES AND THOSE ASSOCIATED WITH THE SCHOOLS. 13 13 5 0 0 0 1542960 1594316 0 0 0 0 0 0 1542960 1594316 0 0 0 0 704670 914221 0 0 0 365580 690291 1070250 1604512 472710 -10196 1385327 1321718 112400 58987 1272927 1262731 X TO REPRESENT THE COMMON INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS BY PROPOSING, SUPPORTING AND WORKING WITH THE LEGISLATURE (PRIMARILY AT THE STATE LEVEL) FOR THE BEST INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES AND THOSE ASSOCIATED WITH THE SCHOOLS. 0 0 1229683 ALL ACTIVITIES IN THE PROGRAM ARE PERFORMED TO PROMOTE FAVORABLE PUBLIC OPINION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS. THIS INCLUDES PROPOSING, SUPPORTING AND WORKING WITH THE LEGISLATURE (PRIMARILY AT THE STATE LEVEL) FOR THE BEST INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES AND THOSE ASSOCIATED WITH THE SCHOOLS. 1229683 0 0 0 0 0 0 0 0 0 1 0 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 1 1 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X ROBERT MCCARRON 6177425147 5 BRIGHTON STREET BELMONT MA 02478 MARISA KELLY CHAIR 1.00 X X 0 0 0 ROBERT JOHNSON VICE CHAIR 1.00 X X 0 0 0 MARY LOU RETELLE SECRETARY/TREASURER 1.00 X X 0 0 0 BRENT CHRITE DIRECTOR 1.00 X 0 0 0 NICHOLAS COVINO DIRECTOR 1.00 X 0 0 0 DAVID FITHIAN DIRECTOR 1.00 X 0 0 0 STEVEN DISALVO DIRECTOR 1.00 X 0 0 0 AISHA FRANCIS DIRECTOR 1.00 X 0 0 0 LILY HSU DIRECTOR 1.00 X 0 0 0 RON LIEBOWITZ DIRECTOR 1.00 X 0 0 0 MAUD MANDEL DIRECTOR 1.00 X 0 0 0 HOWARD PURCELL DIRECTOR 1.00 X 0 0 0 GLENN SULMASY DIRECTOR 1.00 X 0 0 0 ROBERT MCCARRON PRESIDENT 40.00 X 325000 0 28733 KAITLYN PIRES VP FOR ADMIN & MEMBER RELATIONS 40.00 X 134750 0 28518 BRAD FREEMAN P FOR GOVERNMENT RELATIONS 40.00 X 108248 0 31053 567998 0 88304 3 0 1 0 ECONSULT SOLUTIONS INC 1435 WALNUT ST 4TH FLOOR PHILADELPHIA PA 19102 BUSINESS CONSULTING 134802 1 1536576 57740 1594316 1594316 0 0 0 X 353733 318360 35373 414379 372941 41438 40556 36500 4056 61271 55144 6127 44282 39854 4428 176862 176862 353843 318459 35384 30042 30042 15028 15028 49811 11402 38409 44733 44733 2710 2710 DUES AND SUBSCRIPTIONS 17262 17262 1604512 1229683 374829 0 1374960 1276711 0 36288 3085 4147 37317 32745 7282 4572 1385327 1321718 92400 58987 20000 0 112400 58987 X 1272927 1262731 1272927 1262731 1385327 1321718 -10196 0 X X 0 1 X 1 0 37317 32745 4572 4572 X 1594316 0 1594316 0 1594316 1604512 0 1604512 0 1604512 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS PRACTICED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MLTN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. INTEREST AND PENALTIES, IF ANY, RELATED TO ASSESSMENTS BY TAX AUTHORITIES WILL BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY, IN THE STATEMENT OF ACTIVITIES A TAX POSITION MAY BE CONSIDERED AS TAKEN ANY TIME A TAXPAYER CHOOSES AMONGST ALTERNATIVES THAT AFFECT THE AMOUNT OF THEIR TAX OBLIGATIONS AND INCLUDE FOR EXAMPLE: TAX EXEMPT STATUS; STATUS AS A PASS-THOUGH ENTITY (S CORPORATIONS, ETC.); DECISIONS MADE IN THE PROCESS OF CONFORMING WITH TAX LAWS; DECISIONS NOT TO FILE IN CERTAIN JURISDICTIONS; ALLOCATION OF INCOME BETWEEN JURISDICTIONS AND THE CHARACTERIZATION OF INCOME OR EXPENSES. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. THE ASSOCIATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE ASSOCIATION HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS MLTN SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. X X X X X 0 1 0 ROBERT MCCARRON PRESIDENT 325000 0 0 0 0 0 28733 0 0 0 353733 0 0 0 KAITLYN PIRES VP FOR ADMIN & MEMBER RELATIONS 134750 0 0 0 0 0 13475 0 15043 0 163268 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A PER THE ASSOCIATION'S GOVERNING DOCUMENTS, ITS GOVERNING BODY IS MADE UP OF ITS 55 MEMBER INSTITUTIONS. EACH MEMBER INSITUTION IS CONSIDERED AN INDEPENDENT VOTING MEMBER OF THE ASSOCIATION AND HAS ONE VOTE. THE VOTING REPRESENTATIVE OF EACH MEMBER INSTITUTION SHALL BE ITS CHIEF EXECUTIVE OFFICER OR A DELEGATE DULY APPOINTED BY THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION ELECT AND APPOINT ALL DIRECTORS TO ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE ASSOCIATION HAVE THE POWER TO APPROVE ANY NEW INSTITUTIONAL MEMBERS AS WELL AS REMOVE ANY DIRECTORS FROM ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS MADE AVAILABLE FOR REVIEW BEFORE ISSUANCE BY UPLOADING IT TO THE ONLINE PORTAL FOR VIEWING. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE AN EVALAUTAION OF WHETHER THE CONFLICT OF INTEREST POLICY ADEQUATELY ADRESSES THE NEEDS OF THE ORGANIZATION AND WHETHER IT IS BEING SUFFICIENTLY COMPLIED WITH BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS DECIDED BY THE OFFICERS OF THE ASSOCIATION. HIS COMPENSATION AND THAT OF STAFF IS DEEMED COMPARABLE BY REVIEWING OTHER SIMILAR ORGANIZATIONS' 990S AND RESPONSES TO A NAICUSE SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 176,862. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,862. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE HIRING OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.