2024-05-15T12:14:11-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 232786118 MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS MIDD 2672845000 3819-33 CHESTNUT ST 310 PHILADELPHIA PA 191043171 JAMES KRAFT TREASURER 2672845000 2024-05-15 1 JAMES KRAFT 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTIAN TALBOT 3819-33 CHESTNUT ST 310 PHILADELPHIA PA 191043171 3460630 0 X WWW.MIDDLESTATES.ORG X 1887 PA THE PURPOSE OF THE ASSOCIATION IS TO ENCOURAGE, ASSIST AND SUSTAIN THE QUALITY AND INTEGRITY OF EDUCATION, EVALUATE AND ACCREDIT EDUCATIONAL INSTITUTIONS, ASSIST MEMBERS AND CANDIDATES IN CARRYING OUT THEIR EDUCATIONAL GOALS AND ADVANCE EDUCATION THROUGH COOPERATION WITH APPROPRIATE AGENCIES AND ORGANIZATIONS. 6 6 28 900 0 0 9538 297859 2984839 3065454 169587 97317 0 0 3163964 3460630 0 0 0 0 1887352 2044481 0 0 0 741918 918503 2629270 2962984 534694 497646 3726253 4585412 1025715 1281277 2700538 3304135 X THE PURPOSE OF THE ASSOCIATION IS TO ENCOURAGE, ASSIST, AND SUSTAIN THE QUALITY AND INTEGRITY OF EDUCATION, EVALUATE AND ACCREDIT EDUCATIONAL INSTITUTIONS, ASSIST MEMBERS AND CANDIDATES IN CARRYING OUT THEIR EDUCATIONAL GOALS AND ADVANCE EDUCATION THROUGH COOPERATION WITH APPROPRIATE AGENCIES AND ORGANIZATIONS. 0 0 2805834 3065454 SERVICES TO SECONDARY AND ELEMENTARY SCHOOL MEMBER SCHOOLS FOR VARIOUS ACTIVITIES INCLUDING SCHOOL EVALUATION VISITS, STAFF VISITS, SPECIAL VISITS AND CHARGING THE ORGANIZATION FOR PUBLICATIONS, BANNERS AND EMBOSSERS REQUESTED BY AND PAID FOR BY MEMBER SCHOOLS. 2805834 1 1 0 0 0 0 0 0 0 0 1 1 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 15 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X CHRISTIAN TALBOT PRES & CEO 2672845044 3819-33 CHESTNUT ST STE 310 PHILADELPHIA PA 19104 DR CLAYTON PETRY CHAIR 1.00 X X 0 0 0 WILLIAM CRIST VICE CHAIR 1.00 X X 0 0 0 JAMES KRAFT TREASURER 1.00 X X 0 0 0 DR LOUIS DEANGELO MEMBER 1.00 X 0 0 0 BRIAN ZYCHOWSKI MEMBER 1.00 X 0 0 0 KEVIN MCNULTY MEMBER 1.00 X 0 0 0 GLEN MORT EXECUTIVE VP (THRU 12/31/23) 40.00 X 163627 0 35929 CHRISTIAN TALBOT PRESIDENT & CEO 40.00 X 113077 0 0 276704 0 35929 2 0 1 0 0 297859 297859 MEMBERSHIP DUES 611710 2650102 2650102 FEES 611710 413218 413218 PUBLICATIONS 611710 2134 2134 3065454 97317 97317 3460630 3065454 0 97317 460114 368091 92023 1157843 1140303 17540 90539 88648 1891 217888 211500 6388 118097 110873 7224 21373 21373 11025 11025 24138 24138 150310 150310 72135 67519 4616 77564 77564 83148 72934 10214 135428 135428 205308 199589 5719 6904 6394 510 55167 55167 DUES AND SUBSCRIPTIONS 34018 34018 BAD DEBT EXPENSE 27279 27279 POSTAGE AND SHIPPING 11222 11222 PRINTING AND PUBLICATIO 3484 3484 2962984 2805834 157150 0 774058 733514 369887 900359 10245 11527 27614 24085 10433 3529 1488580 1622664 1073050 1130938 0 182881 3726253 4585412 221183 250194 804532 1031083 1025715 1281277 X 2700538 3304135 2700538 3304135 3726253 4585412 497646 120167 -14216 0 X X 0 1 X 1 0 X 32456 41943 385662 9538 10000 479599 2593155 2590188 2600481 2984839 3065454 13834117 2625611 2632131 2986143 2994377 3075454 14313716 0 0 0 14313716 48394 40513 26727 35153 86020 236807 48394 40513 26727 35153 86020 236807 2674005 2672644 3012870 3029530 3161474 14550523 0.98370 0.98620 0.01630 0.01380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27614 24085 3529 3529 DFA US CORE EQUITY 321582 F DFA INVESTMENT GRADE FUND CLASS 1 304331 F DFA US CORE EQUITY 2 FUND CLASS 1 259208 F DFA INVESTMENT GRADE FUND CLASS 1 245817 F 1130938 DEFERRED MEMBERSHIP DUES 845961 DUE TO MID-ATLANTIC REGION COMMISSION ON HIGHER EDUCATION 175 CURRENT PORTION OF OPERATING LEASE LIABILITIES 44331 LONG TERM OPERATING LEASE LIABILITIES 140616 1031083 X 3158555 0 3158555 14216 287859 302075 3460630 2962984 0 2962984 0 2962984 PART X, LINE 2: THE ASSOCIATION HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND HAS BEEN CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2023 OR 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: EMPLOYEE RETENTION TAX CREDIT 287,859. X X X X 0 0 0 0 0 0 0 0 0 GLEN MORT EXECUTIVE VP (THRU 12/31/23) 163627 0 0 0 0 0 16929 0 19000 0 199556 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE MIDDLE STATES ASSOCIATION BOARD OF TRUSTEES REVIEWS THE FORM 990 AT THE BOARD MEETING BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MIDDLE STATES ASSOCIATION BOARD AND COMMISSION MEMBERS ARE ASKED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE MIDDLE STATES ASSOCIATION BOARD OF TRUSTEES OR ONE OF ITS COMMISSIONS, BOTH MADE UP OF VOLUNTEERS, REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT AND KEY EMPLOYEES ON AN ANNUAL BASIS. AN EVALUATION REVIEW IS CONDUCTED BY APPROPRIATE INDIVIDUALS OF THE BOARD OR COMMISSION PRIOR TO DETERMINING COMPENSATION. REVIEWS ARE MADE OF OTHER SIMILAR ORGANIZATIONS' COMPENSATION FOR COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 MIDDLE STATES ASSOCIATION DOES NOT GENERALLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC NOR DO WE RECEIVE ANY SUCH REQUESTS. FORM 990 PART XI LINE 2C AFTER THE AUDIT HAS BEEN COMPLETED, THE AUDITORS SHARE THEIR PRELIMINARY FINDINGS WITH THE MIDDLE STATES ASSOCIATION'S FINANCE COMMITTEE, CHAIRED BY THE ORGANIZATION'S TREASURER. THE MSA FINANCE COMMITTEE REVIEWS THE AUDIT THEN MEETS WITH THE AUDITORS FOR FURTHER EXPLANATION, QUESTIONS AND ANSWERS. AFTER THE MSA FINANCE COMMITTEE HAS MET WITH THE AUDITORS, THE AUDIT IS THEN PRESENTED TO THE FULL MSA BOARD OF TRUSTEES FOR REVIEW AND APPROVAL.