Civic Intelligence

American Association of State Colleges

EIN 52-0747578 • 501(c)3 • Washington, DC

Profile

The american association of state colleges and universities (aascu) is a public 501(c)(3) membership association engaged in the furtherance of public education among state universities in the united states of america and its territories.

1717 Rhode Island Avenue NW 700Washington, DC 20036

www.aascu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.16x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.44x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

30th percentile

-1.1%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$727,060

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

34th percentile

1.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-38%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,399,551

Up $444,736 (+1.1%) from 2023

Liabilities

Down

$6,600,540

Down $1,124,993 (-15%) from 2023

Net Assets

Up

$35,799,011

Up $1,569,729 (+4.6%) from 2023

Revenue

Down

$14,935,169

Down $9,248,685 (-38%) from 2023

Expenses

Up

$15,102,445

Up $813,852 (+5.7%) from 2023

Net Income

Down

-$167,276

Down $10,062,537 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $17,716,383Liabilities 2011: $9,370,294Net Assets 2011: $8,346,0892011Assets 2012: $19,248,377Liabilities 2012: $10,099,260Net Assets 2012: $9,149,1172012Assets 2013: $20,331,596Liabilities 2013: $10,298,174Net Assets 2013: $10,033,4222013Assets 2014: $20,341,695Liabilities 2014: $10,228,042Net Assets 2014: $10,113,6532014Assets 2015: $21,060,254Liabilities 2015: $10,088,973Net Assets 2015: $10,971,2812015Assets 2016: $20,163,378Liabilities 2016: $9,527,031Net Assets 2016: $10,636,3472016Assets 2017: $21,151,297Liabilities 2017: $10,409,731Net Assets 2017: $10,741,5662017Assets 2018: $20,874,133Liabilities 2018: $11,370,549Net Assets 2018: $9,503,5842018Assets 2019: $19,397,746Liabilities 2019: $5,942,475Net Assets 2019: $13,455,2712019Assets 2020: $29,429,390Liabilities 2020: $5,376,036Net Assets 2020: $24,053,3542020Assets 2021: $33,003,801Liabilities 2021: $5,677,524Net Assets 2021: $27,326,2772021Assets 2022: $27,986,243Liabilities 2022: $5,225,143Net Assets 2022: $22,761,1002022Assets 2023: $41,954,815Liabilities 2023: $7,725,533Net Assets 2023: $34,229,2822023Assets 2024: $42,399,551Liabilities 2024: $6,600,540Net Assets 2024: $35,799,0112024

Highlighted filing

2024

Assets$42,399,551
Liabilities$6,600,540
Net Assets$35,799,011

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $12,176,7122011Expenses 2012: $13,624,1452012Revenue 2013: $13,023,417Expenses 2013: $12,810,442Net Income 2013: $212,9752013Revenue 2014: $15,090,172Expenses 2014: $13,060,209Net Income 2014: $2,029,9632014Revenue 2015: $13,994,085Expenses 2015: $13,602,016Net Income 2015: $392,0692015Revenue 2016: $14,764,151Expenses 2016: $15,214,493Net Income 2016: -$450,3422016Revenue 2017: $16,419,732Expenses 2017: $17,257,409Net Income 2017: -$837,6772017Revenue 2018: $14,487,318Expenses 2018: $16,368,302Net Income 2018: -$1,880,9842018Revenue 2019: $16,562,820Expenses 2019: $14,267,002Net Income 2019: $2,295,8182019Revenue 2020: $23,509,247Expenses 2020: $13,238,577Net Income 2020: $10,270,6702020Revenue 2021: $11,451,095Expenses 2021: $11,673,054Net Income 2021: -$221,9592021Revenue 2022: $11,380,212Expenses 2022: $12,313,157Net Income 2022: -$932,9452022Revenue 2023: $24,183,854Expenses 2023: $14,288,593Net Income 2023: $9,895,2612023Revenue 2024: $14,935,169Expenses 2024: $15,102,445Net Income 2024: -$167,2762024

Highlighted filing

2024

Revenue$14,935,169
Expenses$15,102,445
Net Income-$167,276

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.4$6.60$35.8$14.9$15.1$0.17
2023Summary only. Only limited summary data is available for this year.$42.0$7.73$34.2$24.2$14.3$9.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$5.23$22.8$11.4$12.3$0.93
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.0$5.68$27.3$11.5$11.7$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$5.38$24.1$23.5$13.2$10.3
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$5.94$13.5$16.6$14.3$2.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$11.4$9.50$14.5$16.4$1.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.2$10.4$10.7$16.4$17.3$0.84
2016Summary only. Only limited summary data is available for this year.$20.2$9.53$10.6$14.8$15.2$0.45
2015Detailed filing. Detailed filing data is available for this year.$21.1$10.1$11.0$14.0$13.6$0.39
2014Detailed filing. Detailed filing data is available for this year.$20.3$10.2$10.1$15.1$13.1$2.03
2013Summary only. Only limited summary data is available for this year.$20.3$10.3$10.0$13.0$12.8$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$10.1$9.15$13.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$9.37$8.35$12.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$35,681,376
Mission and Program Overview

Mission

The american association of state colleges and universities (aascu) is a public 501 (c) (3) membership association engaged in the furtherance of public education among state universities in the united states of america and its' territories.

Aascu elevates and transforms member institutions through effective public policy and leadership enabling its members to drive regional economic mobility through student access and success while helping to solve their communities' most pressing challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,715,545$14,628,809▼ $8,086,736
Investments Other Securities-$11,647,565-
Cash and Non-Interest-Bearing Accounts$6,259,062$7,809,286▲ $1,550,224
Pledges and Grants Receivable$8,917,485$4,952,273▼ $3,965,212
Land, Buildings, and Equipment, Net$773,039$641,528▼ $131,511
Accounts Receivable$320,140$491,055▲ $170,915
Prepaid Expenses and Deferred Charges$218,927$254,999▲ $36,072
Savings and Temporary Cash Investments$291,020$216,274▼ $74,746
Total Assets$41,954,815$42,399,551▲ $444,736
Other Assets Total$2,459,597$1,757,762▼ $701,835
Liabilities
Deferred Revenue$3,121,434$2,935,820▼ $185,614
Accounts Payable and Accrued Expenses$2,192,832$2,110,597▼ $82,235
Other Liabilities$2,411,267$1,554,123▼ $857,144
Total Liabilities$7,725,533$6,600,540▼ $1,124,993
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,573,237$23,510,983▲ $2,937,746
Net Assets With Donor Restrictions$13,656,045$12,288,028▼ $1,368,017
Total Net Assets Fund Balance$34,229,282$35,799,011▲ $1,569,729
Total Liabilities and Net Assets / Fund Balance$41,954,815$42,399,551▲ $444,736

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$641,528$1,117,738$1,759,266
Other Securities$2,515,496--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$14,030,657-▲ $1,852,689$572,200$15,311,146
2022$11,354,351$2,071,038▲ $1,101,024$495,756$14,030,657
2021$13,900,402-▼ $1,806,840$739,211$11,354,351
2020$11,639,742-▲ $2,374,247$113,587$13,900,402
2019$1,599,681$10,000,000▲ $169,224$129,163$11,639,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mildred GarciaPresident and CEO (thru 09/23)FT$612,428$118,353$730,781
Jose CabralesVP / Chief Operating OfficerFT$276,805$46,150$322,955
Teresa BrownVP, Academic Innovations & Transform-$247,327$54,659$301,986
Teresa BrownVP, Academic Innovations & TransformationsFT$248,617$52,008$300,625
Jean CibuzarVP, Admin. & FinanceFT$242,923$41,131$284,054
Matt CeppiExec. Director, Aascu ConsultingFT$169,767$94,856$264,623
Kellee EdmondsVP, Communications & Public Relation-$216,695$38,140$254,835
Kellee EdmondsVP, Communications & Public RelationsFT$217,571$35,902$253,473
Kathleen ScottVP, Leadership Dev & PartnershipsFT$224,074$27,898$251,972
Luis MaldonadoVP, GOV'T RELATIONS, POLICY ANALYSIS-$209,655$36,432$246,087
Luis MaldonadoVP, GOV'T RELATIONS, POLICY ANALYSIS & GRCFT$210,531$34,195$244,726
Jacquelyn JonesAssistant VP, Student SuccessFT$153,489$36,899$190,388
Nhu DuongControllerFT$135,008$43,964$178,972
Sheden AlsaatyAssistant VP, Advancement & Partners-$139,036$39,271$178,307
Sheden AlsaatyAssistant VP, Advancement & PartnershipsFT$139,328$38,044$177,372
Erika ThompsonDirector, Grants Resource CenterFT$125,537$28,436$153,973

Board Members and Trustees

NameTitle
Ron RochonChair
Alisa WhiteChair- Elect
Heidi AndersonPast Chair
Charles WelchPresident and CEO (as of 01/24)
Berenecea Johnson EanesBoard Member
Brendan KellyBoard Member
Carlos VargasBoard Member
Daniel WubahBoard Member
Derionne PollardBoard Member
Erika BeckBoard Member
Gloria GibsonBoard Member
Houston DavisBoard Member
Karrie DixonBoard Member
Mark NookBoard Member
Nora MillerBoard Member
Ora PescovitzBoard Member
Zulma ToroBoard Member
Emily CutrerBoard Member (thru 07/23)
Jose Luis Cruz RiveraBoard Member (thru 08/23)
Cynthia Teniente-matsonBoard Member (thru 10/23)
Andy FeinsteinSecretary-treasurer (as of 01/24)
Timothy MottetSecretary-treasurer (thru 12/23)

Highest Paid Contractors

ContractorServicesLocationCompensation
Student Ready StrategiesConsulting Services880 WEST MONON GREEN BLVD, Carmel, IN 46032$359,516
Fairmont ChicagoOther Services200 N COLUMBUS AVE, Chicago, IL 60601$289,146
Nonprofit Hr Solutions LLCConsulting Services1441 L STREET NW, Washington, DC 20005$256,396
Renaissance BaltimoreOther Services202 EAST PRATT STREET, Baltimore, MD 20202$254,610
Whiteboard AdvisorsConsulting Services1000 POTOMAC STREET NW, Washington, DC 20007$182,042
Revenue and Support

Revenue Composition

Contributions and Grants
$3,358,720
Program Service Revenue
$10,031,863
Investment Income
$1,467,215
Other Revenue
$77,371
All Other Contributions
$3,358,720
Change in Net Assets
$-167,276

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,764,622
Revenue Not Reported on Financial Statements
$170,547
Revenue Not Reported on Form 990
$1,795,774
Total Revenue per Audited Statements
$16,560,396
Total Revenue per Form 990
$14,935,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,082,285
Salaries, Compensation, and Employee Benefits$7,020,160
Total Fundraising Expense$390,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,364,271$646,026$19,356$5,029,653
Other Salaries and Wages$2,939,338$451,455$160,866$3,551,659
Current Officers, Directors, Trustees, and Key Employees$1,980,163$304,134$108,372$2,392,669
Conferences and Meetings$1,047,903$3,791$1,134$1,052,828
Occupancy$620,388$141,759$35,400$797,547
Payroll Taxes$326,117$50,089$17,848$394,054
Other Employee Benefits$311,805$47,891$17,065$376,761
Pension Plan Contributions$252,431$38,771$13,815$305,017
Travel$247,912$6,170$5,332$259,414
Fees for Service Investment Mgmnt Fees-$170,547-$170,547
Office Expenses$69,301$61,349$2,407$133,057
Depreciation Depletion$39,759$89,575$2,176$131,510
Fees for Services Legal$108,562$16,070$481$125,113
Fees for Services Accounting$59,690$8,836$265$68,791
Other Expenses$11,949$10,574$413$22,936
Advertising$4,453$3,942$155$8,550
All Other Expenses$83$74$3$160
Total Functional Expenses$12,531,094$2,181,158$390,193$15,102,445

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,102,445
Expenses per Audited Statements$14,931,898
Total Expenses per Audited Statements$14,931,898
Expenses Not Reported on Financial Statements$170,547
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,285,209
457 Plan Liabilities$268,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

There shall be an executive committee composed of the officers and one director appointed by the board for a term of one year, which committee is authorized to exercise all powers and have such authority and responsibilities of the board when the board is not in session. The chair shall serve as the chair of the executive committee.

Form 990, Part VI, Section A, Line 6

Aascu shall have two (2) classes of members with voting rights ("voting members")- institutional and system members. Aascu shall have two (2) classes of members with no voting rights ("non-voting members")- associate and international associate members. Institutional membership shall be available to any regionally accredited institution of higher education and any in process of securing accreditation, which (i) offers programs leading to the degree of bachelor, master, or doctor, (ii) is wholly or partially state- supported and state-controlled; and (iii) at least 25% of degrees conferred by such institution are at the baccalaureate level. Institutional members shall be voting members with voting rights and their representatives may serve as directors and officers and committee members. System office membership shall be available to system offices of multi-campus governing boards of eligible state-supported and state-controlled institutions of higher education which are wholly or partially state-supported and state-controlled. System office members shall be voting members with full voting rights and their representatives may serve as directors and officers and committee members. Associate membership shall be available to coordinating committees, boards and commissions of higher education which report to state executive or legislative bodies; state commissions of eligible institutions; institutions of higher education whose principal source of operating funds is the federal government; and former two-year institutions that have been designated as four-year institutions by the responsible authorities within their state, but have not yet met the requirements for aascu membership. Associate members are eligible to participate in activities of aascu, but their representatives may not vote or serve as directors or officers. Their representatives may serve on non-board committees. International associate membership shall be available to (1) institutions outside the united states and its territories that are: (i) recognized by the appropriate governmental entities as eligible to award degrees at the baccalaureate level or higher; and (ii) wholly or partially government-supported and publicly governed, and (2) associations comprised exclusively of such institutions. International associate members are eligible to participate in activities of aascu, but their representatives may not vote in the general body. However, international associate members may have up to one representative serve as a director.

Form 990, Part VI, Section A, Line 7A

Aascu's members have the responsibility to elect one or more members of the governing body at the association's annual business meeting held in the fall each year.

Form 990, Part VI, Section A, Line 7B

The governing board's decisions related to the major initiatives of the organization are subject to approval by the general membership of the association at the annual business meeting.

Form 990, Part VI, Section B, Line 11B

The vp of administration & finance presents the 990 to aascu's executive committee and finance committee for review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

The board and all employees are required to annually disclose any potential conflicts of interest, in consistency with the organization's conflict of interest policy.

Form 990, Part VI, Section B, Line 15

All employees, including aascu's ceo, are provided annual evaluations of their performance to determine eligibility for increased compensation. The ceo's salary is established by the executive committee of the board. To establish the ceo's compensation, the executive committee uses comparative data of the five presidentially based, higher education associations in the district of colombia. Aascu uses a third party to establish appropriate compensation benchmarks for all remaining aascu employees. Any increase to the benchmark is based on annual performance review for each employee. The outcome of the employee's evaluation determines the level of merit increase received. During the spring board meeting, the board reviews all compensation requests and establishes compensation increases through board vote, which is then documented in the minutes of the meeting.

Form 990, Part VI, Section C, Line 19

The organization's financial statements are available to any individual or organization upon request either by telephone, written correspondence, or in person at the organization's offices in dc for the same period of disclosure as set forth in section 6104(d). The organization does not make its governing documents or conflict of interest policy available to the public unless requested.

Filing and Contact Details

Filer

Filer Name
American Association of State Colleges
EIN
52-0747578
Phone
2022937070
Address
1717 RHODE ISLAND AVENUE NW 700, WASHINGTON, DC 20036

Signing Officer

Name
Jean Cibuzar
Title
VP, Administration and Finance
Phone
2022937070
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Welch
Formed
1970
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
17
Employees
43
Volunteers
17

Preparer

Firm
Rsm US Llp
Address
7351 OFFICE PARK PLACE, MELBOURNE, FL 32940-8229
Preparer
Kelli Peck
Phone
3217516200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Bldg services: program service expenses 8,038. Management and general expenses 1,190. Fundraising expenses 36. Total expenses 9,264. Grant consultants: program service expenses 892,047. Management and general expenses 132,046. Fundraising expenses 3,956. Total expenses 1,028,049. Misc consultants: program service expenses 3,464,186. Management and general expenses 512,790. Fundraising expenses 15,364. Total expenses 3,992,340.

FORM 990, PART XI, LINE 9:

Other post-retirement changes -179,735. Post-retirement benefit changes other than service cost 120,966.

FORM 990, PART XII, LINE 2C:

The process remains unchanged from the prior year.

Financial Statement Notes

PART V, LINE 4:

Aascu's endowment consists of several funds established to support a variety of purposes, including aascu strategic initiatives, the millennium leadership initiative, building leadership capacity, and the japan studies institute which incorporates japanese studies into the american undergraduate education curriculum.

PART X, LINE 2:

Aascu is exempt from the payment of federal income taxes on its exempt activities under section 501(c)(3) of the internal revenue code (irc), and has been classified by the internal revenue service (irs) as other than a private foundation under section 509(a)(2) of the irc. Aascu did not incur any material net unrelated business income for the years ended june 30, 2024 and 2023.

Raw XML AppendixShowing 400 of 1,121 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO (THRU 09/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT AND CEO (AS OF 01/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER (THRU 10/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER (THRU 07/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP, ADMIN. & FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP / CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, ACADEMIC INNOVATIONS & TRANSFORMATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP, LEADERSHIP DEV & PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP, COMMUNICATIONS & PUBLIC RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP, GOV'T RELATIONS, POLICY ANALYSIS & GRC
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXEC. DIRECTOR, AASCU CONSULTING
IRS990/Form990PartVIISectionAGrp/TitleTxt30ASSISTANT VP, STUDENT SUCCESS
IRS990/Form990PartVIISectionAGrp/TitleTxt31ASSISTANT VP, ADVANCEMENT & PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt32CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR, GRANTS RESOURCE CENTER
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