Association Of Independent Colleges And Universities Of Ohio
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Columbus, OH
- Founding
- 01/1972
- Data as of
- 12/2022
- EIN
- 31-0746875
Organization Overview
Association Of Independent Colleges And Universities Of Ohio is located in Columbus, OH. The organization was established in 1972. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2022, Association Of Independent Colleges And Universities Of Ohio employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Independent Colleges And Universities Of Ohio is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Association Of Independent Colleges And Universities Of Ohio generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT SHALL BE THE PURPOSE OF THIS ORGANIZATION TO SPEAK IN THE NAME OF THE MEMBERS IN MATTERS AS THEY SERVE AND PROMOTE THE PURPOSES OF THE TOTAL OHIO HIGHER EDUCATION SYSTEM AND ACCEPT RESPONSIBILITY FOR THEIR SHARE OF THE EDUCATIONAL FUNCTION. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO PROMOTE AND ADVANCE THE INTERESTS OF THE OHIO SYSTEM OF HIGHER EDUCATION, WITH SPECIAL CONCERN FOR THE DUAL NATURE OF THE SYSTEM, ITS QUALITY, FREEDOM AND RESPONSIBILITY TO SERVE THE EDUCATIONAL AND CULTRUAL NEEDS OF THE STATE, NATION AND WORLD. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO ASSIST IN COOPERATIVE ENDEAVORS WITH STATE ASSISTED INSTITUTIONS AND AGENCIES IN PERFORMING THE EDUCATIONAL TASKS AND MEETING THE EDUCATIONAL NEEDS OF OHIO. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO REPRESENT THE INTERESTS AND TO PROTECT AND PROMOTE THE GENERAL WELFARE OF THE MEMBERS LOCATED IN THE STATE OF OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EVENT - SEMINARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Eric Spina Chair | Trustee | 2 | $0 |
Dr Jean Paddock Treasurer | Trustee | 2 | $0 |
Dr Lillian Schumacher Vice Chair | Trustee | 2 | $0 |
Dr Katherine Fell Immediate Past Chair | Trustee | 2 | $0 |
Dr Bill Ruud Secretary | Trustee | 2 | $0 |
Sister Christine DE Vinne Executive Committee Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,418,491 |
| Investment income | $8,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,489,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $598,284 |
| Compensation of current officers, directors, key employees. | $598,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,610 |
| Pension plan accruals and contributions | $82,044 |
| Other employee benefits | $70,884 |
| Payroll taxes | $46,574 |
| Fees for services: Management | $388 |
| Fees for services: Legal | $18,700 |
| Fees for services: Accounting | $27,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,225 |
| Advertising and promotion | $0 |
| Office expenses | $38,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,189 |
| Travel | $31,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,693 |
| Insurance | $14,135 |
| All other expenses | $0 |
| Total functional expenses | $1,306,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,290 |
| Savings and temporary cash investments | $39,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $150,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $642,769 |
| Intangible assets | $0 |
| Other assets | $11,410 |
| Total assets | $1,103,835 |
| Accounts payable and accrued expenses | $20,795 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,795 |
| Net assets without donor restrictions | $1,083,040 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,103,835 |