Association Of Specialized Professional Accreditors
- Assets
- $1.3m
- Revenue
- $499.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 05/1996
- Data as of
- 06/2024
- EIN
- 54-1680661
Organization Overview
Association Of Specialized Professional Accreditors is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Association Of Specialized Professional Accreditors 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 06/2024, Association Of Specialized Professional Accreditors generated $499.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $446.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MAINTAIN AND IMPROVE THE QUALITY OF EDUCATIONAL PERFORMANCE AND SAFEGUARD THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FALL AND SPRING MEETINGS OFFER MEMBERS TRAINING TO PROMOTE QUALITY AND INTEGRITY IN NON-GOVERNMENTAL SPECIALIZED AND PROFESSIONAL ACCREDITATION OF POST SECONDARY PROGRAMS AND INSTITUTIONS; PROVIDE A FORUM FOR DISCUSSION AND ANALYSIS FOR COMMON ACTION; TO ADDRESS ACCREDITATION ISSUES IN HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Stagliano Chair | OfficerTrustee | 2 | $0 |
Craig Little Vice Chair | OfficerTrustee | 1 | $0 |
Mollie Mulvanity Treasurer | OfficerTrustee | 2 | $0 |
Martha Bohrt Director | Trustee | 1 | $0 |
Mark Evely Director | Trustee | 1 | $0 |
Monica Shaw Director | Trustee | 1 | $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 | $460,236 |
| Investment income | $46,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,290 |
| 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. | $256,751 |
| Compensation of current officers, directors, key employees. | $25,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $25,382 |
| Other employee benefits | $19,082 |
| Payroll taxes | $14,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,121 |
| Advertising and promotion | $0 |
| Office expenses | $7,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,469 |
| Insurance | $3,231 |
| All other expenses | $0 |
| Total functional expenses | $446,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,919 |
| Savings and temporary cash investments | $827,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $21,902 |
| Net Land, buildings, and equipment | $735 |
| Investments—publicly traded securities | $220,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,022 |
| Total assets | $1,269,409 |
| Accounts payable and accrued expenses | $28,102 |
| Grants payable | $0 |
| Deferred revenue | $305,742 |
| 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 | $333,844 |
| Net assets without donor restrictions | $935,565 |
| 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 | $1,269,409 |