Eastern Association Of College & University Business Officers
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1979
- Data as of
- 12/2022
- EIN
- 52-1143423
Organization Overview
Eastern Association Of College & University Business Officers is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Association Of College & University Business Officers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Eastern Association Of College & University Business Officers generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EFFECTIVE AND ETHICAL ADMINISTRATION BY BUSINESS OFFICERS IN COLLEGES & UNIVERSITIES.
Describe the Organization's Program Activity:
ANNUAL MEETING: EACUBO BROUGHT BACK ITS ANNUAL MEETING IN OCTOBER 2022 IN NEW YORK CITY. THE EACUBO ANNUAL MEETING IS DESIGNED TO FOCUS STRATEGICALLY ON SEVERAL TOPICS SUCH AS CHANGE MANAGEMENT, INNOVATION AND RISK TAKING. WE EXPLORE NEW IDEAS, PRACTICAL SOLUTIONS, AND NEW MODELS FOR HIGHER EDUCATION. THERE ARE FIVE TRACKS OF CONCURRENT SESSIONS AND FOUR GENERAL SESSION SPEAKERS, TYPICALLY.
ANNUAL WORKSHOP: EACUBO MOVED BACK TO AN ON-SITE ANNUAL WORKSHOP IN MARCH 2022 IN PHILADELPHIA. THE WORKSHOP PROVIDES CONTINUING PROFESSIONAL EDUCATION TO COLLEGE AND UNIVERSITY BUSINESS OFFICERS. THE WORKSHOP SESSIONS ARE FILLED WITH TIMELY UPDATES AND BEST PRACTICES FOR THE WORK BEING DONE ON CAMPUSES.
BOARD AND COMMITTEE AND MORE: EACUBO MAINTAINS A WEBSITE PROVIDING INFORMATION ON EDUCATIONAL PROGRAMS AND EVENTS, MEMBER RESOURCES, A COMPETENCY FRAMEWORK, CAREER CENTER, NEWSLETTERS, AND ORGANIZATIONAL DOCUMENTS SUCH AS BY-LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hubbard Chair | OfficerTrustee | 8 | $0 |
Nicole Trufant Past Chair | OfficerTrustee | 8 | $0 |
Romayne Botti Vice Chair | OfficerTrustee | 4 | $0 |
Melody Bianchetto Treasurer | OfficerTrustee | 8 | $0 |
Janet Wormack Secretary | OfficerTrustee | 8 | $0 |
Ed Steinmetz Program & Services Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nacubo Management Services | 12/30/19 | $486,292 |
Marriot Business Services Host Hotel | 12/30/19 | $295,662 |
Westin Copley Place Hotel Host Hotel | 12/30/19 | $146,075 |
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 | $1,252,042 |
| Investment income | $25,205 |
| 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 | $1,277,247 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $210,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,737 |
| Advertising and promotion | $0 |
| Office expenses | $40,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $146,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $932,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $700 |
| Insurance | $4,153 |
| All other expenses | $4,606 |
| Total functional expenses | $1,518,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,287 |
| Savings and temporary cash investments | $161,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,961 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,072,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,393,660 |
| Accounts payable and accrued expenses | $356,552 |
| Grants payable | $0 |
| Deferred revenue | $75,283 |
| 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 | $431,835 |
| Net assets without donor restrictions | $946,554 |
| Net assets with donor restrictions | $15,271 |
| 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 | $1,393,660 |