Western Association Of College And University Business Officers
- Assets
- $1.8m
- Revenue
- $849.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 68-0380952
Organization Overview
Western Association Of College And University Business Officers, operating under the name Wacubo, is located in Seattle, WA. The organization was established in 1999. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Wacubo 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 12/2021, Wacubo generated $849.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $669.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP MEMBERS DEVELOP PROFESSIONALLY AND TO EXPLORE ISSUES AND TRENDS IN HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE: THE WACUBO ANNUAL CONFERENCE IS A PROFESSIONAL DEVELOPMENT PROGRAM FOR BUSINESS OFFICERS IN HIGHER EDUCATION. EACH CONFERENCE HAS A THEME AND SPEAKERS ARE SELECTED FROM A NATIONAL POOL TO ADDRESS CURRENT ISSUES PERTINENT TO BUSINESS OFFICER IN HIGHER EDUCATION. PARTICIPANTS LEARN FROM SPEAKERS AND FROM EACH OTHER. ATTENDANCE HAS AVERAGED 512 PARTICIPANTS OVER THE PAST FOUR YEARS. IN 2021 DUE TO COVID-19, THE CONFERENCE WAS HELD VIRTUALLY WITH MORE THAN 3,000 ATTENDEES.
BUSINESS MANAGEMENT INSTITUTE: THE BUSINESS MANAGEMENT INSTITUTE (BMI) IS AN ANNUAL PROFESSIONAL DEVELOPMENT PROGRAM HELD ON THE CAMPUS OF THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA. BMI PROVIDES IN-DEPTH PROFESSIONAL DEVELOPMENT ON SEVERAL TOPICS OF RELEVANCE FOR BUSINESS OFFICERS IN HIGHER EDUCATION. THE FACULTY MEMBERS FOR BMI ARE PROFESSIONALS OF ACADEMIA REGARDED FOR THEIR KNOWLEDGE OF HIGHER EDUCATION MANAGEMENT AND LEADERSHIP ISSUES. THE CURRICULA FOR BMI IS CONTINUALLY UPDATED AND REFINED TO ADDRESS PRIMARY AND CURRENT ISSUES FACING WACUBO MEMBERS.
WORKSHOPS: WACUBO ALSO OFFERS A SERIES OF ONE TO TWO DAY PROFESSIONAL DEVELOPMENT WORKSHOPS THROUGHOUT THE YEAR ON SPECIFIC TOPICS OF INTEREST TO MEMBERS.
MEMBERSHIP PROVIDES A NUMBER OF BENEFITS TO THE MEMBERS INCLUDING ACCESS TO THE EDUCATIONAL OFFERINGS AND THE ANNUAL CONFERENCE (IN NORMAL YEARS). ALSO OFFERED TO MEMBERS: A JOB BOARD, WACUBO HAPPY HOURS, WACUBO LISTSERVS, PROFESSIONAL EDUCATION SCHOLARSHIPS, VOLUNTEER OPPORTUNITIES, THE CAMPUS BUSINESS OFFICER BENCHMARKING TOOL AND THE ACCESS TO THE MEMBER DIRECTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Frace 1st Vp-Until 06/21 | OfficerTrustee | 2 | $0 |
Cheryl Heath Treasurer | OfficerTrustee | 3 | $0 |
Kori Wetsel Secretary | OfficerTrustee | 2 | $0 |
Michael Clune 3rd VP | OfficerTrustee | 2 | $0 |
Brad Baca 1st VP - Until 10/21; President-Start 11/21 | OfficerTrustee | 8 | $0 |
Ruth Johnston President-Until 10/21, Past President-Start 11/21 | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Westin Seattle Hotel Hosting Annual Conference | 12/30/17 | $408,565 |
The Speaker Agency Event Speakers | 12/30/17 | $100,400 |
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 | $806,322 |
| Investment income | $20,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,761 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $359,727 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,350 |
| Advertising and promotion | $0 |
| Office expenses | $14,459 |
| Information technology | $25,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,822 |
| All other expenses | $18,900 |
| Total functional expenses | $669,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,787 |
| 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 | $142,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,528,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,800,018 |
| Accounts payable and accrued expenses | $7,645 |
| Grants payable | $0 |
| Deferred revenue | $175,192 |
| 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 | $182,837 |
| Net assets without donor restrictions | $1,617,181 |
| 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 | $1,800,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |
Casa Latina Seattle, WA | $6,519,798 | $3,396,235 |
Adult Learning Programs Of Alaska Inc Of Alaska Inc Fairbanks, AK | $287,244 | $2,168,739 |
Careerworks Inc Seattle, WA | $374,714 | $2,124,184 |
Partner In Employment Seatac, WA | $919,989 | $1,599,497 |
Faces Of America Salem, OR | $595,257 | $1,612,550 |
Carol Emmott Foundation Portland, OR | $2,241,132 | $1,767,775 |
Common Threads Farm Bellingham, WA | $966,574 | $1,251,132 |
Seattle Industry Foundation Seattle, WA | $120,630 | $1,031,802 |
Learning Lab Inc Garden City, ID | $2,467,190 | $977,356 |
The Commons Law Center Portland, OR | $251,737 | $784,072 |
Western Association Of College And University Business Officers Seattle, WA | $1,800,018 | $849,761 |