EIN 53-0259954

National Association of College and University Business Officers (NACUBO)

IRS 501(c) type
501(c)(3)
Num. employees
50
Year formed
1956
Most recent tax filings
2023-05-01
Description
NACUBO's mission is to promote sound management and financial practices at colleges and universities.
Also known as...
NACUBO
Total revenues
$17,490,386
2023
Total expenses
$16,629,168
2023
Total assets
$34,866,804
2023
Num. employees
50
2023

Program areas at NACUBO

Member services:universities - the Association keeps members informed of federal actions, solicits member opinions and concerns, and advocates for the best interests of colleges and universities with congress and federal agencies. The Association's advocacy efforts were coordinated with a number of other associations representing various higher education constituencies. In addition, nacubo is the voice for higher education with the various bodies that set standards for accounting practices, such as the financial accounting standards board, the Association of certified public accountants, and the u.s. general accounting office. (continue on schedule o)research - nacubo undertakes both on-going longitudinal studies important to the higher education industry such as the Association's annual study of College and University endowments and short surveys or research on specific issues of concern.grants - nacubo received funding for a grant to serve its members and develop strategic finance models that prioritize and sustain student equity, success, and completion initiatives. During the three-year grant, nacubo will facilitate the creation of frameworks, tools, and models that can move institutions towards sustainable, institution-wide financial and operational activities that increase equitable outcomes and completion for students. The work will particularly focus on ways to increase guided pathways and improve transfer outcomes.regional associations and partnerships - nacubo manages an Association management system that serves the joint membership of the National Association and its four regional affiliated associations (cacubo, eacubo, sacubo and wacubo). The system captures a variety of data points that enable improved tracking of individual member activity and dues billing and collection processes. This database is linked to both a content management system and the Association website improving member service.awards program - nacubo recognizes institutional and individual excellence through its awards program. These awards were presented to individuals who showed outstanding achievement and exemplary performance in the areas of financial management, endowment management, professional development and more. Institutions were recognized that demonstrated innovation in the areas of process improvement and resource enhancement.
Consulting:nacubo consulting provides practical guidance to higher education institutions. Our aim is to be an institution's partner in practice. Nacubo consultants bring expertise, experience, and leadership abilities to every engagement seeking to support institutions in critical areas. All of the consulting engagements are customized with defined scopes of work to support members' work through complex problems or improve operations.
Conferences, workshops, and seminars:the nacubo annual meeting is the most important professional development event of the year for College and University Business Officers and their staff. The nacubo 2022 annual meeting took place in aurora, Colorado, and was the first nacubo annual meeting held in person since the outbreak of the covid-19 pandemic. Session topics included leading through uncertainty, future of work and talent strategies in higher education, College after covid, accelerating analytics use through data governance, and many other technical, managerial and leadership issues. (continue on schedule o)in addition to the annual meeting, nacubo creates and delivers a broad range of programs, services, and products that are designed to strengthen the abilities and knowledge of campus administrators at all levels. Nacubo developed a variety of online workshops, webinars, and other materials covering topics in the fields of accounting, higher education finance, leadership and management, tax, student financial services, campus operations, and technology. Nacubo is registered with the National Association of state boards of accountancy (nasba) as a sponsor of continuing professional education on the National registry of cpe sponsors. Nacubo administers a continuing professional education (cpe) credit program for certified public accountants.
Publications and other products:national Association of College and University Business Officers remains a source of professional information for members. National Association of College and University Business Officers sells approximately 25 publication titles, including two online subscription services
Advocacy and policy:nacubo's advocacy and public policy team tracks federal legislative and regulatory activities that could impact member institutions and the students they serve. The team's focus is to represent and serve the diverse needs of the College and University Business office. Key activities include advocacy before legislators and staff, executive branch staff, and other policymakers as well as participation in advocacy coalitions. It also includes communicating policy and relevant higher education sector updates to nacubo members.

Grants made by NACUBO

GranteeGrant descriptionAmount
United Way for Greater AustinProvided Work To A Preschool in Great Need of Updated Classrooms Through Painting, New Furniture, Curtains, and In-Depth Cleaning and Refreshing of Space.$11,750

Who funds National Association of College and University Business Officers (NACUBO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ascendium Education SolutionsGrant, Nacubo Strategically Financing Structures To Remove Barriers$879,183
College Futures FoundationStudent-Centric Practices Program Grant$162,667

Personnel at NACUBO

NameTitleCompensation
Kara D FreemanPresident and Chief Executive Officer
Lynne SchaeferInterim President and Chief Executive Officer$78,095
Susan JohnstonPresident and Chief Executive Officer$306,207
Monica DillinghamChief Technology Officer$143,226
Tadeletch YimamVice President , Digital Engagement$202,925
...and 25 more key personnel

Financials for NACUBO

RevenuesFYE 05/2023
Total grants, contributions, etc.$10,982,015
Program services$5,695,169
Investment income and dividends$672,974
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-337,417
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$152,544
Miscellaneous revenues$325,101
Total revenues$17,490,386

Form 990s for NACUBO

Fiscal year endingDate received by IRSFormPDF link
2023-052024-03-28990View PDF
2022-052023-04-17990View PDF
2021-052022-04-18990View PDF
2020-052021-04-21990View PDF
2019-052020-09-10990View PDF
...and 9 more Form 990s
Data update history
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Updated personnel
Identified 8 new personnel
December 28, 2023
Received grants
Identified 4 new grant, including a grant for $879,183 from Ascendium Education Solutions
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Professional associationsBusiness and community development organizationsSchoolsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
MembershipsPolitical advocacyLobbyingReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1110 Vermont Ave NW 800
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
nacubo.org/ 
Phone
(202) 861-2500
Facebook page
nacubo 
Twitter profile
@nacubo 
IRS details
EIN
53-0259954
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1956
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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