Association Of School Business Officials International
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Albuquerque, NM
- Founding
- 04/1988
- Data as of
- 06/2024
- EIN
- 71-0975993
Organization Overview
Association Of School Business Officials International is located in Albuquerque, NM. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Association Of School Business Officials International employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Association Of School Business Officials International 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 School Business Officials International generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.0m during the year ending 06/2024. While expenses have increased by 8.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE NEW MEXICO SCHOOL BUSINESS PROFESSION BY PROVIDING QUALITY PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND A NETWORK OF SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT: THE ASSOCIATION PROVIDES PROGRAMS AND SERVICES TO PROMOTE THE HIGHEST STANDARDS FOR SCHOOL BUSINESS EMPLOYEES BY CONDUCTING CONFERENCES TO PROVIDE QUALITY PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES. A FALL CONFERENCE, WINTER CONFERENCE, SPRING BUDGET WORKSHOP, AND BOOTCAMP FOR THOSE NEW TO THEIR ROLE AS A SCHOOL BUSINESS OFFICIAL ARE HELD EACH YEAR. IN ADDITION, NUMEROUS OTHER CONFERENCES AND WORKSHOPS ARE OFFERED TO PROVIDE TRAINING ON CURRENT BUSINESS MANAGEMENT ISSUES. CERTIFICATION HOURS ARE GIVEN FOR PROFESSIONALS ATTENDING THE COURSES.
RECOGNITION AND AWARDS: THE ASSOCIATION IS COMMITTED TO DEVELOPING PUBLIC AWARENESS AND APPRECIATION OF SCHOOL BUSINESS LEADERS AND THE VALUE THAT THEY ADD TO THE DAILY OPERATIONS OF SCHOOLS. AS PART OF THIS COMMITMENT,THE ASSOCIATION: (1) ASSISTED MEMBERS IN EARNING THE ASBO INTERNATIONAL CERTIFIED ADMINISTRATOR OF SCHOOL FINANCE AND OPERATIONS CERTIFICATION; (2) RECOGNIZED SCHOOL BUSINESS OFFICIALS THROUGHOUT THE STATE WITH A 25 YEARS OF SERVICE AWARD; AND (3) DEVELOPED PUBLIC AWARENESS AND APPRECIATION OF PUBLIC SCHOOL LEADERS AND THE VALUE THAT THEY ADD TO THE DAILY OPERATIONS OF SCHOOLS THROUGH THE SCHOOL BUSINESS OFFICIAL OF THE YEAR AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Dean Executive Director | Officer | 40 | $112,157 |
Sarah Stubbs Board Member Region 4 | Trustee | 1 | $0 |
Steve Maldonado Board Member Region 3 | Trustee | 1 | $0 |
Jeannie Harris Board Member Region 6 | Trustee | 1 | $0 |
Ludym Martinez Board Member Region 5 | Trustee | 1 | $0 |
Debbie Hernandez Board Member Region 1 | 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 | $1,043,576 |
| Investment income | $32,385 |
| 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 | $1,107,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,918 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,810 |
| Pension plan accruals and contributions | $36,596 |
| Other employee benefits | $36,992 |
| Payroll taxes | $31,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,190 |
| Advertising and promotion | $3,377 |
| Office expenses | $62,843 |
| Information technology | $45,729 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $25,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,593 |
| Insurance | $1,200 |
| All other expenses | $39,261 |
| Total functional expenses | $1,048,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,999 |
| Savings and temporary cash investments | $970,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,295 |
| 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 | $36,650 |
| Net Land, buildings, and equipment | $4,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,189,045 |
| Accounts payable and accrued expenses | $99,396 |
| Grants payable | $0 |
| Deferred revenue | $135,387 |
| 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 | $234,783 |
| Net assets without donor restrictions | $15,700 |
| Net assets with donor restrictions | $938,562 |
| 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 | $1,189,045 |