Central Association Of College And University Business Officers
- Assets
- $2.2m
- Revenue
- $154.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 05/2016
- Data as of
- 08/2021
- EIN
- 73-1079052
Organization Overview
Central Association Of College And University Business Officers, operating under the name Cacubo, is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (B40) the organization is classified as: Higher 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. Cacubo 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 08/2021, Cacubo generated $154.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $135.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (26.7%) per year over the past 6 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
THE MISSION OF THE ASSOCIATION IS TO IMPROVE COLLEGE & UNIVERSITY FINANCIAL MANAGEMENT & BUSINESS ADMINISTRATION AND TO PROMOTE THE PROFESSION'S IDEALS, ETHICS, & STANDARDS. IT PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES, AS WELL AS LEADERSHIP TRAINING FOR ALL LEVELS OF STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING CACUBO ANNUAL MEETING WAS SCHEDULED TO BE HELD SEPTEMBER 27 - 29, 2020 IN ST. LOUIS, MO. THE ANNUAL MEETING HELD EACH FALL PROVIDES A SETTING FOR DIRECT INTERFACE WITH FELLOW BUSINESS OFFICERS AND SPEAKERS ON MATTERS OF GENERAL INTEREST, SEMINARS ON SELECTED TOPICS, AS WELL AS, INFORMATION AND EXHIBITS SPONSORED BY OUR BUSINESS PARTNERS. IN-PERSON EVENT WAS CANCELED AND HELD THE ANNUAL MEETING VIRTUALLY DUE TO THE CORONAVIRUS PANDEMIC.
BEST PRACTICES PROGRAM BEST PRACTICES AWARD PROGRAM RECOGNIZES COLLEGES AND UNIVERSITIES WHO HAVE SUCCESSFULLY DEVELOPED A BEST PRACTICE TO RESPOND TO A PARTICULAR BUSINESS PROBLEM. THE CACUBO BEST PRACTICES AWARD SEEKS TO PROMOTE NEW APPROACHES TO THE PROBLEMS AND CHALLENGES FACING COLLEGE AND UNIVERSITY BUSINESS OPERATIONS. THESE AWARDS ARE DONE AT THE IN-PERSON ANNUAL MEETING EVENT, BUT IT WAS CANCELED DUE TO THE CORONAVIRUS PANDEMIC.
ACCOUNTING & BUSINESS OPERATIONS WORKSHOP THE CACUBO ACCOUNTING & BUSINESS OPERATIONS WORKSHOP IS DESIGNED TO OFFER PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR ADMINISTRATORS AND STAFF OF ALL LEVELS, IN ADDITION TO PROVIDING CPE CREDITS. CACUBO'S ANNUAL ACCOUNTING AND BUSINESS OPERATIONS WORKSHOP (CABOW) WAS HELD MAY 17 -19, 2021 AND WAS FREE DUE TO SPONSORSHIPS BEING PROVIDED.
THE WOMEN'S LEADERSHIP INSTITUTE IS A TWO-DAY INTENSIVE WORKSHP TAILORED TO INSPIRE, ENCOURAGE, AND EMPOWER WOMEN TO MAKE A DIFFERENCE IN THE LEADERSHIP OF HIGHER EDUCATION INSTITUTIONS. EVENT WAS CANCELED DUE TO CORONAVIRUS PANDEMIC. DRIVE-IN WORKSHOPS ARE DESIGNED AS LOW COST PROFESSIONAL DEVELOPMENT EVENTS THAT ARE WITHIN ONE DAY. EVENTS WERE NOT SCHEDULED DUE TO THE CORONAVIRUS PANDEMIC.
ANNUAL MEETING CACUBO ANNUAL MEETING WAS SCHEDULED TO BE HELD SEPTEMBER 27 - 29, 2020 IN ST. LOUIS, MO. THE ANNUAL MEETING HELD EACH FALL PROVIDES A SETTING FOR DIRECT INTERFACE WITH FELLOW BUSINESS OFFICERS AND SPEAKERS ON MATTERS OF GENERAL INTEREST, SEMINARS ON SELECTED TOPICS, AS WELL AS, INFORMATION AND EXHIBITS SPONSORED BY OUR BUSINESS PARTNERS. IN-PERSON EVENT WAS CANCELED AND HELD THE ANNUAL MEETING VIRTUALLY DUE TO THE CORONAVIRUS PANDEMIC.
BEST PRACTICES PROGRAM BEST PRACTICES AWARD PROGRAM RECOGNIZES COLLEGES AND UNIVERSITIES WHO HAVE SUCCESSFULLY DEVELOPED A BEST PRACTICE TO RESPOND TO A PARTICULAR BUSINESS PROBLEM. THE CACUBO BEST PRACTICES AWARD SEEKS TO PROMOTE NEW APPROACHES TO THE PROBLEMS AND CHALLENGES FACING COLLEGE AND UNIVERSITY BUSINESS OPERATIONS. THESE AWARDS ARE DONE AT THE IN-PERSON ANNUAL MEETING EVENT, BUT IT WAS CANCELED DUE TO THE CORONAVIRUS PANDEMIC.
ACCOUNTING & BUSINESS OPERATIONS WORKSHOP THE CACUBO ACCOUNTING & BUSINESS OPERATIONS WORKSHOP IS DESIGNED TO OFFER PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR ADMINISTRATORS AND STAFF OF ALL LEVELS, IN ADDITION TO PROVIDING CPE CREDITS. CACUBO'S ANNUAL ACCOUNTING AND BUSINESS OPERATIONS WORKSHOP (CABOW) WAS HELD MAY 17 -19, 2021 AND WAS FREE DUE TO SPONSORSHIPS BEING PROVIDED.
THE WOMEN'S LEADERSHIP INSTITUTE IS A TWO-DAY INTENSIVE WORKSHP TAILORED TO INSPIRE, ENCOURAGE, AND EMPOWER WOMEN TO MAKE A DIFFERENCE IN THE LEADERSHIP OF HIGHER EDUCATION INSTITUTIONS. EVENT WAS CANCELED DUE TO CORONAVIRUS PANDEMIC. DRIVE-IN WORKSHOPS ARE DESIGNED AS LOW COST PROFESSIONAL DEVELOPMENT EVENTS THAT ARE WITHIN ONE DAY. EVENTS WERE NOT SCHEDULED DUE TO THE CORONAVIRUS PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Volna President | OfficerTrustee | 1 | $0 |
Ginger L Hintz Treasurer | OfficerTrustee | 1 | $0 |
Lois Tatro Secretary | OfficerTrustee | 1 | $0 |
Clair Knapp 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Bob Swanson 1st Vice Pre | OfficerTrustee | 1 | $0 |
Diana Kuhlmann Immed Past P | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $124,750 |
| 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 | $124,750 |
| Total Program Service Revenue | $0 |
| Investment income | $26,000 |
| 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 | $154,798 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,940 |
| Advertising and promotion | $1,692 |
| Office expenses | $4,255 |
| Information technology | $31,530 |
| Royalties | $0 |
| Occupancy | $133 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,268 |
| All other expenses | $1,583 |
| Total functional expenses | $135,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,500 |
| 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 | $46,344 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,771,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,240,627 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $183,756 |
| 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 | $183,756 |
| Net assets without donor restrictions | $2,056,871 |
| 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 | $2,240,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The International Education Of Students Chicago, IL | $83,294,554 | $91,386,482 |
Ecmc Education Inc Minneapolis, MN | $8,920,568 | $59,276,530 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Best Academy Inc Minneapolis, MN | $10,985,443 | $14,343,198 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Leech Lake Tribal College Cass Lake, MN | $13,791,510 | $6,377,712 |
Puritan Reformed Theological Seminary Grand Rapids, MI | $13,368,431 | $7,247,093 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Grand Valley University Foundation Allendale, MI | $3,517,597 | $1,567,995 |