Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 10-01-2010 and ending 09-30-2011
BCheck if applicable:
CName of organization
American Council on Education
 
Doing Business As
ACE
 
Number and street (or P.O. box if mail is not delivered to street address)
One Dupont Circle NW
 
Room/suite
City or town, state or country, and ZIP + 4
Washington, DC200361193
D Employer identification number

53-0196573
E Telephone number

G Gross receipts $ 62,212,010
F Name and address of principal officer:
MARGARET BROAD
ONE DUPONT CIRCLE NW
WASHINGTON,DC20036
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.ACENET.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1918
M State of legal domicile: DC
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE AMERICAN COUNCIL ON EDUCATION SEEKS TO PROVIDE LEADERSHIP AND A UNIFYING VOICE ON KEY HIGHER EDUCATION ISSUES AND TO INFLUENCE PUBLIC POLICY THROUGH REPRESENTATION, RESEARCH, AND PROGRAM INITIATIVES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 34
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 34
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 272
6 Total number of volunteers (estimate if necessary) .... 6 47
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 292,069
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -199,910
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 27,209,221 32,336,742
9 Program service revenue (Part VIII, line 2g) ......... 22,414,650 25,838,968
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 625,343 924,106
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,171,971 1,153,870
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 51,421,185 60,253,686
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 9,165,399 10,312,112
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 24,340,629 21,769,186
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet984,841    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 14,081,372 18,246,309
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 47,587,400 50,327,607
19 Revenue less expenses. Subtract line 18 from line 12...... 3,833,785 9,926,079
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 74,255,434 86,155,904
21 Total liabilities (Part X, line 26)............ 24,088,382 27,929,930
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 50,167,052 58,225,974
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: THE AMERICAN COUNCIL ON EDUCATION (ACE) IS THE MAJOR COORDINATING BODY FOR HIGHER EDUCATION IN THE UNITED STATES. FOUNDED IN 1918, ACE SEEKS TO PROVIDE LEADERSHIP AND A UNIFYING VOICE ON KEY HIGHER EDUCATION ISSUES AND TO INFLUENCE PUBLIC POLICY THROUGH REPRESENTATION, RESEARCH, AND PROGRAM INITIATIVES. ACE AIMS TO FOSTER GREATER COLLABORATION AND NEW PARTNERSHIPS WITHIN AND OUTSIDE THE HIGHER EDUCATION COMMUNITY TO HELP COLLEGES AND UNIVERSITIES ANTICIPATE AND ADDRESS THE CHALLENGES OF THE 21ST CENTURY AND CONTRIBUTE TO A STRONGER NATION AND A BETTER WORLD. ACE VALUES INCLUSIVENESS AND DIVERSITY, RECOGNIZES HIGHER EDUCATION'S RESPONSIBILITY TO SOCIETY, AND EMBRACES THE BELIEF THAT WIDESPREAD ACCESS TO EXCELLENT POSTSECONDARY EDUCATIONAL OPPORTUNITIES IS THE CORNERSTONE OF A DEMOCRATIC SOCIETY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 21,081,323 including grants of $ 8,757,711 ) (Revenue $ 5,505,485 )
PROFESSIONAL DEVELOPMENT PROGRAMS - THESE PROGRAMS PROVIDE VALUABLE OPPORTUNITIES FOR INDIVIDUAL AND INSTITUTIONAL DEVELOPMENT. THE EXECUTIVE LEADERSHIP GROUP OFFERS CRITICAL NETWORKING AND EDUCATIONAL PROGRAMMING FOR SENIOR-LEVEL CAMPUS LEADERS WITH SPECIAL FOCUS ON PRESIDENTS, CHIEF ACADEMIC OFFICERS, VICE PRESIDENTS, AND OTHERS. THE EMERGING LEADERS GROUP OFFERS LEADERSHIP DEVELOPMENT PROGRAMS AND NETWORKING OPPORTUNITIES FOR MID-LEVEL ADMINISTRATORS. THE INCLUSIVE EXCELLENCE GROUP HELPS FOSTER GREATER DIVERSITY AND INCLUSION IN HIGHER EDUCATION THROUGH LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMS DESIGNED TO BROADEN THE HIGHER EDUCATION PIPELINE AS WELL AS RESEARCH INITIATIVES FOCUSED ON ANALYZING EMERGING TRENDS ON THE STATUS OF UNDERREPRESENTED GROUPS IN HIGHER EDUCATION. BECAUSE ACE RECOGNIZES THAT GLOBAL PERSPECTIVES ARE CRITICAL TO SOLVING CONTEMPORARY PROBLEMS, ENSURING ACADEMIC EXCELLENCE AND PREPARING A WORLD-CLASS WORKFORCE, ITS INTERNATIONAL INITIATIVES PROGRAMS AND SERVICES ARE INTERTWINED WITH BROADER LEADERSHIP DEVELOPMENT PROGRAMS IN ORDER TO SUPPORT AND ENHANCE INTERNATIONALIZATION ON U.S. CAMPUSES. ACE'S HIGHER EDUCATION IN DEVELOPMENT PROGRAM, FUNDED BY A COOPERATIVE AGREEMENT WITH THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT COORDINATES ENGAGEMENT OF THE U.S. HIGHER EDUCATION COMMUNITY WITH ORGANIZATIONS OVERSEAS TO ADDRESS DEVELOPMENT CHALLENGES.
4b (Code:   ) (Expenses $ 11,851,582 including grants of $ 950,750 ) (Revenue $ 10,003,909 )
CENTER FOR LIFELONG LEARNING - FOR MORE THAN 65 YEARS, THE AMERICAN COUNCIL ON EDUCATION (ACE) HAS BEEN A NATIONAL LEADER IN THE EVALUATION OF EDUCATION AND TRAINING OBTAINED OUTSIDE THE CLASSROOM. ITS WORK ENSURES THE VALIDITY OF NONTRADITIONAL LEARNING AND ADULT ACCESS TO AND SUCCESS IN POSTSECONDARY EDUCATION AND THE WORKFORCE. THE CENTER FOR LIFELONG LEARNING ADDRESSES ADULT LEARNING CHALLENGES WITH A RANGE OF ACTIVITIES THAT INCLUDE NATIONAL INITIATIVES, RESEARCH PROGRAMS, SERVICES, ONLINE RESOURCES, WORKSHOPS AND PUBLICATIONS. THROUGH THESE MEANS, INCLUDING THE COLLEGE CREDIT RECOMMENDATION SERVICE AND EVALUATION OF MILITARY COURSES AND OCCUPATIONS, THE CENTER FOR LIFELONG LEARNING HELPS ADULTS OBTAIN ACADEMIC CREDIT FOR FORMAL COURSES AND EXAMINATIONS TAKEN OUTSIDE TRADITIONAL COLLEGES AND UNIVERSITIES. IN CONJUNCTION WITH THESE PROGRAMS, THE CENTER'S REGISTRY SERVICES PROVIDE TRANSCRIPTS FOR ADULT LEARNERS WHO HAVE TAKEN ACE-EVALUATED CORPORATE AND MILITARY PROGRAMS. THE CENTER ALSO ENGAGES IN POLICY WORK THAT ADVANCES LIFELONG LEARNING FOR ADULTS ACROSS NUMEROUS SECTORS NATIONWIDE. MOST RECENTLY, ACE HAS BEEN INVOLVED WITH PROGRAMS TO SUPPORT ACTIVE DUTY MILITARY AS WELL AS VETERANS. THROUGH GRANT-FUNDED PROJECTS, ACE HAS CREATED A TOOLKIT FOR VETERAN-FRIENDLY INSTITUTIONS AND PROVIDES SERVICES TO WOUNDED MILITARY PERSONNEL AT BETHESDA WALTER REED.
4c (Code:   ) (Expenses $ 4,636,206 including grants of $ 486,151 ) (Revenue $ 520 )
GOVERNMENT RELATIONS AND PUBLIC AFFAIRS - COORDINATES AND PUBLICIZES THE EFFORTS OF THE HIGHER EDUCATION COMMUNITY IN REPRESENTING ITS CONCERNS TO THE FEDERAL GOVERNMENT. ACE PREPARES TESTIMONY FOR CONGRESSIONAL HEARINGS, COMMENTS ON PROPOSED FEDERAL LEGISLATION AND REGULATIONS, AND FILES AMICUS CURIAE BRIEFS ON COURT CASES WITH IMPORTANT IMPLICATIONS FOR HIGHER EDUCATION. A KEY BENEFIT OF ACE MEMBERSHIP IS ACCESS TO HIGHER EDUCATION RESEARCH AND PUBLICATIONS. ACE PUBLISHES PAPERS, MONOGRAPHS, RESEARCH REPORTS AND BOOKS ON THE TOPICS OF STUDENT FINANCIAL AID, DEMOGRAPHIC TRENDS IN HIGHER EDUCATION, ACADEMIC PREPARATION FOR COLLEGE, AND THE COLLEGE PRESIDENCY, AMONG OTHER TOPICS. ANOTHER MEANS OF DISSEMINATION OF THIS INFORMATION IS THE ACE ANNUAL MEETING WHICH IS AN IDEAL SETTING FOR NETWORKING WITH COLLEAGUES AND ADDRESSING FUTURE CHALLENGES OF HIGHER EDUCATION.
4d Other program services. (Describe in Schedule O.)
(Expenses $ 6,813,467 including grants of $ 117,500 ) (Revenue $ 7,838,804 )
4e Total program service expensesMediumBullet$ 44,382,578
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II........................... Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III............... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
Yes
 
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
398
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
272
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
34
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
34
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
Yes
 
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
DC , FL , NY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
MARGARET BROAD
ONE DUPONT CIRCLE NW
WASHINGTON,DC20036
(202) 939-9310
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) COLE SUSAN A
DIRECTOR
 1.0 X           0 0 0
(2) GANN PAMELA B
DIRECTOR
 1.0 X           0 0 0
(3) GENSHAFT JUDY
DIRECTOR
 1.0 X           0 0 0
(4) MARTIN CAROLYN A BIDDY
DIRECTOR
 1.0 X           0 0 0
(5) MCGUIRE PATRICIA
DIRECTOR
 1.0 X           0 0 0
(6) MIDDLETON CHARLES
DIRECTOR
 1.0 X           0 0 0
(7) REILLY KEVIN P
DIRECTOR
 1.0 X           0 0 0
(8) WONG LESLIE
DIRECTOR
 1.0 X           0 0 0
(9) AOUN JOSEPH
DIRECTOR
 1.0 X           0 0 0
(10) AYERS EDWARD
DIRECTOR
 1.0 X           0 0 0
(11) CURRIE DING-JO
DIRECTOR
 1.0 X           0 0 0
(12) GARIBALDI ANTOINE
DIRECTOR
 1.0 X           0 0 0
(13) MITCHELL HORACE
DIRECTOR
 1.0 X           0 0 0
(14) NATALICIO DIANA
DIRECTOR
 1.0 X           0 0 0
(15) SEXTON JOHN
DIRECTOR
 1.0 X           0 0 0
(16) YUDOF MARK
DIRECTOR
 1.0 X           0 0 0
(17) HARRIS BRICE W
DIRECTOR
 1.0 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) MARX ANTHONY W
DIRECTOR
 1.0 X           0 0 0
(19) MATOS RODRIGUEZ FELIX V
DIRECTOR
 1.0 X           0 0 0
(20) MAXWELL DAVID
DIRECTOR
 1.0 X           0 0 0
(21) MULLEN JAMES H
DIRECTOR
 1.0 X           0 0 0
(22) PADRON EDUARDO J
DIRECTOR
 1.0 X           0 0 0
(23) ROMO RICARDO
DIRECTOR
 1.0 X           0 0 0
(24) TURNER GERALD R
DIRECTOR
 1.0 X           0 0 0
(25) MILLER KEITH L
DIRECTOR
 1.0 X           0 0 0
(26) PRUITT GEORGE A
DIRECTOR
 1.0 X           0 0 0
(27) DAHL CHRISTOPHER C
DIRECTOR
 1.0 X           0 0 0
(28) PRIVETT STEPHEN A SJ
DIRECTOR
 1.0 X           0 0 0
(29) LINNANE BRIAN SJ
DIRECTOR
 1.0 X           0 0 0
(30) MASON SALLY
DIRECTOR
 1.0 X           0 0 0
(31) MARTIN GEORGE E
DIRECTOR
 1.0 X           0 0 0
(32) ANDERSON LOREN J
DIRECTOR
 1.0 X           0 0 0
(33) RHOADES GARY
DIRECTOR
 1.0 X           0 0 0
(34) STEWART DEBRA W
DIRECTOR
 1.0 X           0 0 0
(35) WALDA JOHN
DIRECTOR
 1.0 X           0 0 0
(36) KHATOR RENU
DIRECTOR
 1.0 X           0 0 0
(37) BOSCHINI VICTOR
DIRECTOR
 1.0 X           0 0 0
(38) DISTEFANO PHILIP
DIRECTOR
 1.0 X           0 0 0
(39) GORA JOANN
DIRECTOR
 1.0 X           0 0 0
(40) MCAULIFFE JANE
DIRECTOR
 1.0 X           0 0 0
(41) REILLY KEVIN P
DIRECTOR
 1.0 X           0 0 0
(42) SPANGLER MARY
DIRECTOR
 1.0 X           0 0 0
(43) WATSON WAYNE
DIRECTOR
 1.0 X           0 0 0
(44) NORTON KAY
DIRECTOR
 1.0 X           0 0 0
(45) MILLIKEN JAMES B
DIRECTOR
 1.0 X           0 0 0
(46) GARLAND JOHN W
DIRECTOR
 1.0 X           0 0 0
(47) PRAGER SUSAN WESTERBERG
DIRECTOR
 1.0 X           0 0 0
(48) WELLS RICHARD
DIRECTOR
 1.0 X           0 0 0
(49) MCCALLIN NANCY
DIRECTOR
 1.0 X           0 0 0
(50) BROAD MARGARET C
PRESIDENT
 50.0     X       451,635 0 248,284
(51) HARTLE TERRY
SVP, GOV'T & PA
 50.0     X       319,854 0 130,599
(52) PIPPINS SHIRLEY
SVP, PROGRAMS & SERVICES
 50.0     X       341,413 0 117,355
(53) TOMITZ JEFFREY A
CHIEF FINANCIAL OFFICER
 50.0     X       227,344 0 71,529
(54) BABBY ELLEN
VP, ADVANCEMENT & MEMBER SERV.
 50.0       X     240,080 0 75,435
(55) COLLINS COLEEN
ASST. VP, HR & OPERATIONS SERV
 50.0       X     197,017 0 61,976
(56) FREEMAN KARA
CHIEF INFORMATION OFFICER
 50.0       X     197,211 0 62,064
(57) MELOY ADA
GENERAL COUNSEL
 50.0       X     249,349 0 78,206
(58) SELBE JAMES
ASST. VP, LIFELONG LEARNING
 50.0       X     182,678 0 52,127
(59) CHESTANGNICOLE
VICE PRESIDENT & EXEC DIR GEDT
 50.0       X     281,199 0 22,843
(60) VAN UMMERSEN CLAIRE
VP, EFFECTIVE LEADERSHIP
 50.0         X   244,843 0 76,610
(61) GREEN MADELEINE F
VP, INT'L INITIATIVES
 50.0         X   243,847 0 76,666
(62) TIMMONS BECKY
ASST. VP, GOV'T RELATIONS
 50.0         X   205,746 0 64,643
(63) MCDONOUGH TIMOTHY
ASST. VP, PUBLIC AFFAIRS
 50.0         X   207,785 0 65,360
(64) KING JACQUELINE
ASST.VP,CTR FOR POLICY ANALYS.
 50.0         X   160,242 0 50,411
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,750,243 0 1,254,108
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet36
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
EDUCATION TESTING SERVICE
4897 COLLECTION CENTER DR
CHICAGO,IL60693 		EDUCATION RESEARCH 1,441,188
NCS PEARSON INC
13036 COLLECTION DRIVE
CHICAGO,IL60693 		EDUCATIONAL CONSLTG 812,039
WARFIELD SANFORD ELEVATOR COMPANY
7811 ACADEMY LANE
LAUREL,MD20707 		SERVICE & REPAIR 489,165
CMGRP Inc
PO Box 7247-6593
PHILADELPHIA,PA191706593 		PR SERVICES 444,369
MARINER SYSTEM INC
1670 S AMPHLETT BLVD SUITE 300
SAN MATEO,CA94402 		APPLICATIONS MGMT 282,770
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet15
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b 6,378,844
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 21,256,197
f All other contributions, gifts, grants, and
similar amounts not included above1f 		4,701,701
g Noncash contributions included in lines 1a-1f:$ 596,670
h Total. Add lines 1a-1f.......MediumBullet 32,336,742
Program Service Revenue Business Code
2a TESTING AND REGISTRATION FEES 900,099 15,355,637 15,355,637    
b RENT INCOME 532,000 5,624,208 5,624,208    
c GARAGE PARKING 812,930 304,965 302,104 2,861  
d SALES AND OTHER INCOME 900,099 464,929 464,929    
e INVESTMENT IN JOINT VENTURE 900,099 4,089,229 4,089,229    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 25,838,968
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 820,998     820,998
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 316,779     316,779
(i) Real (ii) Personal
6a Gross Rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 1,616,322  
b Less: cost or other basis and sales expenses 1,513,214  
c Gain or (loss) 103,108  
d Net gain or (loss)..........MediumBullet 103,108     103,108
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a 1,233,858
b Less: cost of goods sold ..b 445,110
c Net income or (loss) from sales of inventory..MediumBullet 788,748 547,883 240,865 0
Miscellaneous Revenue Business Code
11a THE PRESIDENCY - PUBLICATION ADVERTISING 541,800 48,343   48,343  
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 48,343
12 Total revenue. See Instructions....MediumBullet 60,253,686 26,383,990 292,069 1,240,885
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 10,312,112 10,312,112
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 0 0
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 0 0
4 Benefits paid to or for members 0 0
5 Compensation of current officers, directors, trustees, and key employees .... 3,051,197 2,644,349 315,150 91,698
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 11,600,578 9,975,177 1,228,832 396,569
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 1,025,035 883,741 106,821 34,473
9 Other employee benefits ....... 5,137,960 4,442,314 518,355 177,291
10 Payroll taxes ........... 954,416 822,856 99,462 32,098
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 307,811 124,199 183,612  
c Accounting ........... 272,182 0 272,182  
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 45,512 0 45,512  
g Other .......... 4,120,822 3,506,967 583,596 30,259
12 Advertising and promotion .... 16,368 0 0 16,368
13 Office expenses ....... 1,910,945 1,593,688 266,673 50,584
14 Information technology ...... 313,371 253,252 55,470 4,649
15 Royalties .. 0      
16 Occupancy ........... 3,382,792 2,939,038 334,061 109,693
17 Travel ............ 2,048,747 1,981,033 60,270 7,444
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 988,563 939,489 48,159 915
20 Interest ........... 212,075 0 212,075  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 1,437,322 1,073,091 351,715 12,516
23 Insurance .............. 91,604 10,827 80,519 258
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a AWARDS TO SUBRECIPIENTS 1,416,222 1,416,222    
b REPAIRS AND MAINTENANCE 870,678 696,442 159,861 14,375
c MISCELLANEOUS 607,870 564,506 37,713 5,651
d BAD DEBT AND WRITE DOWNS 203,275 203,275    
e REAL ESTATE AND OTHER TAXES 150 0 150  
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 50,327,607 44,382,578 4,960,188 984,841
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 4,761,250 1 4,762,091
2 Savings and temporary cash investments .......   2  
3 Pledges and grants receivable, net ......... 7,089,267 3 7,088,300
4 Accounts receivable, net ......... 3,342,354 4 1,488,126
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 14,726,616 8 91,858
9 Prepaid expenses and deferred charges ............ 1,356,404 9 1,974,487
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 31,012,342
b Less: accumulated depreciation. ..... 10b 24,207,941 6,789,379 10c 6,804,401
11 Investments—publicly traded securities .......... 33,484,877 11 37,744,865
12 Investments—other securities. See Part IV, line 11 ...... 531,581 12 178,303
13 Investments—program-related. See Part IV, line 11 .. 1,481,298 13 24,958,888
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 692,408 15 1,064,585
16 Total assets. Add lines 1 through 15 (must equal line 34)... 74,255,434 16 86,155,904
Liabilities 17 Accounts payable and accrued expenses . 9,760,559 17 10,296,791
18 Grants payable ..........   18  
19 Deferred revenue .......... 6,139,594 19 9,844,922
20 Tax-exempt bond liabilities .......... 4,852,398 20 4,441,332
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 3,335,831 25 3,346,885
26 Total liabilities. Add lines 17 through 25..... 24,088,382 26 27,929,930
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 44,601,928 27 52,321,406
28 Temporarily restricted net assets ..... 5,565,124 28 5,904,568
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 50,167,052 33 58,225,974
34 Total liabilities and net assets/fund balances ..... 74,255,434 34 86,155,904
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
60,253,686
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
50,327,607
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
9,926,079
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
50,167,052
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
-1,867,157
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
58,225,974
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 33,639,716 26,661,435 33,168,594 27,209,221 32,336,742 153,015,708
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 16,169,666 19,214,079 19,497,552 23,634,652 26,831,961 105,347,910
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 49,809,382 45,875,514 52,666,146 50,843,873 59,168,703 258,363,618
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)           258,363,618
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6... 49,809,382 45,875,514 52,666,146 50,843,873 59,168,703 258,363,618
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 8,384,803 7,301,447 7,003,142 1,936,660 1,137,777 25,763,829
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 8,384,803 7,301,447 7,003,142 1,936,660 1,137,777 25,763,829
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.). 58,194,185 53,176,961 59,669,288 52,780,533 60,306,480 284,127,447
14
Section C. Computation of Public Support Percentage
15
15
90.932 %
16
16
89.039 %
Section D. Computation of Investment Income Percentage
17
17
9.068 %
18
18
10.906 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
American Council on Education
 
Employer identification number

53-0196573
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
American Council on Education
  		Employer identification number

53-0196573
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
American Council on Education
  		Employer identification number

53-0196573
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
American Council on Education
  		Employer identification number

53-0196573
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...... 0  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 181,047  
c Total lobbying expenditures (add lines 1a and 1b) ................... 181,047  
d Other exempt purpose expenditures ........................ 50,146,560  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 50,327,607  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................ 0  
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................ 0  
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        6,000,000
             
c Total lobbying expenditures 545,122 317,411 204,725 181,047 1,248,305
             
d Grassroots non-taxable amount 250,000 250,000 250,000 250,000 1,000,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         1,500,000
             
f Grassroots lobbying expenditures 0 0 0 0 0
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
 
 
j
Total. lines 1c through 1i ...................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   2,678,042 2,678,042
b Buildings ................   17,975,272 17,061,317 482,614
c Leasehold improvements ............        
d Equipment ................   10,359,028 7,146,624 3,643,745
e Other .................   0 0 0
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 6,804,401
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet 24,958,888
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes 0
INTEREST RATE SWAP 278,041
RETIREE MEDICAL BENEFIT OBLIGA 3,068,844







Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 3,346,885
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 60,253,686
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 50,327,607
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 9,926,079
4 Net unrealized gains (losses) on investments .......................... 4 -1,856,103
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 -11,054
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 -1,867,157
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 8,058,922
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 59,010,517
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -1,856,103
b Donated services and use of facilities ......... 2b 31,885
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 135,939
e Add lines 2a through 2d ..................... 2e -1,688,279
3 Subtract line 2e from line 1..................... 3 60,698,796
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b -445,110
c Add lines 4a and 4b....................... 4c -445,110
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 60,253,686
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 50,951,595
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a 31,885
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 592,103
e Add lines 2a through 2d...................... 2e 623,988
3 Subtract line 2e from line 1..................... 3 50,327,607
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 50,327,607
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
COUNCIL TAX STATUS SCHEDULE D, PART X THE COUNCIL HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN FURTHER CLASSIFIED AS A PUBLIC CHARITY. THE COUNCIL EARNS UNRELATED BUSINESS INCOME DERIVED FROM PUBLICATION ADVERTISING AND RENTAL INCOME FROM FOR-PROFIT ENTITIES. HOWEVER, NO TAXES WERE PAYABLE ON SUCH AMOUNTS FOR THE YEARS ENDED SEPTEMBER 30, 2011 AND 2010, AS ALLOWABLE DEDUCTIBLE EXPENSES EXCEEDED UNRELATED INCOME. THE COUNCIL APPLIES A "MORE-LIKELY-THAN-NOT" THRESHOLD TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN.
RECONCILIATION OF NET ASSETS SCHEDULE D, PART XI, LINE 8 GAIN ON INTEREST RATE SWAP $135,939 POSTRETIREMENT CHARGE OTHER THAN NET PERIODIC BENEFIT COST <146,993> ========= TOTAL OTHER CHANGES: <11,054>
RECONCILIATION OF REVENUE SCHEDULE D, PART XII, LINE 2D GAIN ON INTEREST RATE SWAP $135,939 ======== SCHEDULE D, PART XII, LINE 4B COST OF GOODS SOLD $<445,110> ========
RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINE 2D POSTRETIREMENT CHARGE OTHER THAN NET PERIODIC BENEFIT COST 146,993 RECLASSIFICATION OF COST OF GOODS SOLD 445,110 ========= TOTAL: 592,103
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
Central America and the Caribbean 0 0 Program Services INTL DEVELOPM OF EDUC 225,844
Europe (Including Iceland and Greenland) 0 0 Program Services INTL DEVELOPM OF EDUC 329,650
Middle East and North Africa 0 0 Program Services INTL DEVELOPM OF EDUC 2,272,253
North America 0 0 Program Services INTL DEVELOPM OF EDUC 3,426,384
South America 0 0 Program Services INTL DEVELOPM OF EDUC 807,464
South Asia 0 0 Program Services INTL DEVELOPM OF EDUC 101,442
Sub-Saharan Africa 0 0 Program Services INTL DEVELOPM OF EDUC 5,448,521
Sub-Saharan Africa 0 0 Grantmaking   460,852
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 13,072,410
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 0 13,072,410
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Sub-Saharan Africa DIVERSITY 368,263        
Sub-Saharan Africa DIVERSITY 64,623        
Sub-Saharan Africa DIVERSITY 27,966        
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
0
3
Enter total number of other organizations or entities ........................MediumBullet
3
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
SCHEDULE F, PART I, LINE 2 - MONITORING FUNDS   The American Council on Education (ACE) receives federal funds through its office of Higher Education for Development (HED) and the office of Leadership and Lifelong Learning (LLL). In accordance with federal government administrative requirements, ACE performs subrecipient monitoring of funds it receives from federal sources in order to ensure that the funds are being used for their intended purpose and that there are no OMB Circular A-133 audit findings that may adversely affect the use of the subrecipient's grant funds. Subrecipient monitoring efforts are a joint effort of program and finance staff. While a number of ACE's subrecipient monitoring efforts are common to each of the federally-funded offices, there is also a series of specific monitoring efforts dedicated specifically to management of HED subrecipients and LLL recipients, which are implemented on a case-by-case or "as needed" basis, such as specific training or specific templates for subrecipents. The special efforts are developed to accommodate the different nature and needs of the programs and their respective recipients. 4. Funding Mechanisms 4.1. Higher Education for Development (HED) HED receives funding from the United States Agency for International Development (USAID) and the Department of State (DOS) through cooperative agreements. HED has a Leader-With-Associate (LWA) cooperative agreement with USAID, whereby a large portion of the funds received are required to be subawarded to partnerships between American and foreign higher education institutions. USAID Missions and other federal agencies can buy into the LWA to add funding for specific activities in two ways: 1) Adding funds directly into the LWA; or 2) Adding funds to an Associate. In addition to the Leader-With-Associate award and the Associate Awards from USAID, HED received a Cooperative Agreement from the DOS during the summer of 2011. The DOS agreement also has the requirement to pass the funds to partnerships between American and foreign institutions for Higher Education. Through a competitive award process, the funds from USAID and DOS are subawarded to the American institutions of higher education, which then pass part of the funds to the foreign institutions. The foreign institutions of higher education are the sub-subawardees of funds from USAID and DOS. 4.2. Leadership for Lifelong Learning (formerly named "Program and Services") ACE also receives funding from a Cooperative Agreement with USAID-South Africa Mission. The Cooperative Agreement was awarded to ACE to provide technical assistance and skills development to Further Education Training Colleges (FETCs) in South Africa. Under this Cooperative Agreement, ACE established subagreements with US-based nonprofit organizations, South Africa-based healthcare organizations, and South Africa-based FETCs. 5. Grants & Contracts Unit Monitoring Efforts The Grants & Contracts Unit of ACE's Finance and Budget Department (G&C unit) conducts monitoring efforts that take place in different stages and ways during the life of a subaward, from application to close-out. During the life of an award, ACE/G&C Unit uses a database to track its partners to ensure A-133 reports, quarterly invoices and foreign tax reports are submitted in a timely manner. 5.1. Application phase During the application phase, ACE presents the applicants with a budget application package that compels the disclosure of financial information and existing financial systems that will ensure proper management of federal funds. The package consists of five documents: 1) A Microsoft Excel budget form; 2) A sample of the budget form populated with a fictional budget to provide the applicants with examples of how to utilize the template; 3) A Microsoft Word budget narrative sample that goes with the budget sample provided, so applicants can visualize what kind of information the budget narrative should contain; 4) A Microsoft Powerpoint presentation that lays out the rules for proper budgeting under the federal cost principles and provides references to the federal regulations; and 5) A Microsoft Word checklist to be completed once the budget is finalized to aid the applicant in ensuring that all requirements have been fulfilled. With each application package, an institution is required to submit a budget, a budget narrative, a copy of its NICRA letter, and any other policies relevant for the budget review, such as institutional policies for fringe benefits and equipment. Additionally, starting in FY12, applicants will be required to complete a pre-award survey in which they answer specific questions about the capabilities of their financial systems. As an extra effort to ensure that partners have comprehensive understanding of the cost principles and federal regulations from the application phase, ACE G&C Unit also provides support to partners during the application phase. This support consists of participation in webinars that program staff conduct with applicants during the application phase, where partners can ask questions and are often presented with a tutorial of how to use the budget template provided. In addition, G&C staff are available for questions during the application phase. 5.2. Post-award phase Once a partner is selected, G&C unit and program staff jointly monitor the progress of the partnership through collection of financial reports, cost share reports, programmatic narrative reports, OMB Circular A-133 audit reports, tax reports, annual implementation work plans and budgets, and continuous contact with partners by phone, e-mail, or face-to-face meetings. From time to time ACE also incorporates site visits and trainings as part of its monitoring efforts. 5.2.1. Financial and Cost Share Reports ACE subaward agreements require that subawardees submit quarterly financial reports and quarterly cost share reports to program staff. A template for these reports is provided to partners as an attachment to the subaward agreements. The reports track total approved budget, total expenses for the period, and total cumulative expenses, both for the federal portion of the subaward and cost share. Subawardees are required to submit quarterly financial and cost share reports to ACE 30 days after the end of each quarter. The only exception to this requirement is the fourth quarter reports, which are due to ACE on October 15th. This allows ACE to properly process all payments to partners and close its own fiscal year within the deadlines established by ACE's Board of Directors. Reports of a financial nature go through a series of internal reviews prior to payment. The program specialist in charge of managing the partnership conducts the first review, comparing expenditures on award and cost share against the approved budgets and based on his/her knowledge of the activities conducted by the partner during the quarter being reviewed. The program specialist also checks the reports for mathematical errors, for improper charges, and for other inconsistencies. Once the program specialist provides the first program approval, he/she submits the report to his/her supervisor for the second program approval. With the second program approval, the reports are sent to the G&C Unit. The Grants Specialist at the G&C Unit once again checks expenses against approved budgets and provides a second review of mathematical checks and compliance issues. With the approval of the Grants Specialist, the report is then submitted to the Director of Grants & Contracts, who provides the final review and final approval prior to payment. 5.2.2. Programmatic Reports ACE subaward agreements require that subawardees submit semi-annual progress reports to program staff. Once again, a template for these reports is provided to partners as an attachment to the subaward agreements. The narrative programmatic reports are used to track and monitor the partnership progress and accomplishments and are submitted directly to the program specialist who is managing the partnership. More about this particular monitoring tool is described below in the session "Program Monitoring Efforts". 5.2.3. Audit Reports As described below, ACE obtains audit reports from its partners annually. Any partner's audit findings that affect or may have a direct impact on ACE subawards are followed-up directly with the partner within six months after the receipt of the subrecipient's audit report. ACE sends follow-up letters to all organizations that have not submitted an audit report before November 30 of each year. Foreign Partners Foreign organizations are not subject to OMB Circular A-133 requirements. ACE sends a an audit certification letter to the foreign partners, around the same period of the local partners' letter. The letter informs the partners that, in accordance with the requirements of the Automated Directives System (ADS) 591, foreign organizations spending $300,000 or more during their fiscal year in USAID awards shall have an annual finan
SCHEDULE F, PART I, LINE 3, COLUMN (F)   EXPENSES ARE REPORTED ACCORDING TO ACE'S BOOKS AND RECORDS.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID:  
Software Version:  



Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
American Council on Education
 
Employer identification number
53-0196573
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) ALAMO COMMUNITY COLLEGE DISTRICT811 W HOUSTON ST
SAN ANTONIO,TX78207 		74-6002173 501(c)(3) 122,907       SUPPORT DIVERSITY
(2) AMERICAN ASSOC OF COMMUNITY COLLEGES
 
  		53-0196569 115 18,789       SUPPORT DIVERSITY
(3) APPALACHIAN STATE UNIVERSITYJOHN E THOMAS BLDG
BOONE,NC28608 		56-1176030 115 95,976       SUPPORT DIVERSITY
(4) ARIZONA STATE UNIVERSITYPO BOX 873503
TEMPLE,AZ852873503 		86-0196696 115 107,930       SUPPORT DIVERSITY
(5) ASSN OF PUBLIC & LAND GRANT UNIVERSITIESPO BOX 75263
BALTIMORE,MD21275 		53-0183246   68,329       SUPPORT DIVERSITY
(6) BROWN UNIVERSITYPO BOX 1929
PROVIDENCE,RI02912 		05-0258809 501(c)(3) 38,086       SUPPORT DIVERSITY
(7) CALIFORNIA STATE UNIVERSITY FULLERTON2600 NUTWOOD AVE
FULLERTON,CA92831 		95-2081258 115 35,495       SUPPORT DIVERSITY
(8) CENTRAL COMMUNITY COLLEGEPO BOX 4903
GRAND ISLAND,NE68802 		47-0728813 115 37,569       SUPPORT DIVERSITY
(9) COLORADO STATE UNIVERSITY6015 CMPS DEL OSP
FT COLLINS,CO80523 		84-6000545 115 87,856       SUPPORT DIVERSITY
(10) CORNELL UNIVERSITYPO BOX 22
ITHACA,NY148510022 		15-0532082 501(c)(3) 126,516       SUPPORT DIVERSITY
(11) DUQUESNE UNIVERSITY427 RANGOS BLDG
PITTSBURGH,PA15282 		25-1035663 115 80,607       SUPPORT DIVERSITY
(12) EASTERN IOWA COMMUNITY COLLEGE DISTRICT306 W RIVER DRIVE
DAVENPORT,IA52801 		42-1430209 115 104,780       SUPPORT DIVERSITY
(13) EASTERN MENNONITE UNIVERSITY1200 PARK ROAD
HARRISONBURG,VA22802 		54-0575812 501(c)(3) 101,212       SUPPORT DIVERSITY
(14) EMORY UNIVERSITY1599 CLIFTON ROAD
4TH FLOOR
ATLANTA,GA303224250 		58-0566256 501(c)(3) 285,820       SUPPORT DIVERSITY
(15) FAIRFIELD UNIVERSITY1073 N BENSON RD
FAIRFIELD,CT06824 		06-0646623 501(c)(3) 46,178       SUPPORT DIVERSITY
(16) FLORIDA INTERNATIONAL UNIVERSITYUNIVERSITY PARK CAMPUS
11200 SW 8TH ST MARC 470
MIAMI,FL33199 		65-0177616 501(c)(3) 73,563       SUPPORT DIVERSITY
(17) GATEWAY TECHNICAL COLLEGE3520 30TH AVE
KENOSHA,WI53144 		39-1290708 501(c)(3) 173,690       SUPPORT DIVERSITY
(18) GEORGIA STATE UNIVERSITYPO BOX 3999
ATLANTA,GA303023999 		58-1845423 115 680,494       SUPPORT DIVERSITY
(19) HIGHLINE COMMUNITY COLLEGE2400 SO 240TH
DES MOINES,WA98198 		23-7428279 115 48,276       SUPPORT DIVERSITY
(20) HILLSBOROUGH COMMUNITY COLLEGEPO BOX 31127
TEMPA,FL336313127 		59-1219841 115 28,820       SUPPORT DIVERSITY
(21) ILLINOIS INSTITUTE OF TECHNOLOGYCONT OFC LOCKBOX 95152
CHICAGO,IL60694 		36-2170136 501(c)(3) 160,918       SUPPORT DIVERSITY
(22) INDIANA UNIVERSITY400 E 7TH ST ROOM 436
BLOOMINGTON,IN47408 		35-2134409 115 135,957       SUPPORT DIVERSITY
(23) JOBS FOR THE FUTURE2000 PA AVE NW
WASHINGTON,DC20006 		06-1164568 501(c)(3) 33,376       SUPPORT DIVERSITY
(24) JOHNS HOPKINS UNIVERSITY12529 COLLECTIONS CTR DR
CHICAGO,IL60693 		52-0595110 501(c)(3) 548,438       SUPPORT DIVERSITY
(25) KANSAS STATE UNIVERSITY10 ANDERSON HALL
MANHATTAN,KS665060108 		48-0771751 115 162,443       SUPPORT DIVERSITY
(26) MACOMB COMMUNITY COLLEGE14500 E 12 MILE ROAD
WARREN,MI48088 		38-3495303 115 8,653       SUPPORT DIVERSITY
(27) MICHIGAN STATE UNIVERSITY301 ADMIN BLDG
E LANSING,MI48824 		38-6005984 115 224,237       SUPPORT DIVERSITY
(28) MICHIGAN TECHNOLOGICAL UNIVERSITY1400 TOWNSEND DRIVE
HOUGHTON,MI49931 		38-6005955 501(c)(3) 125,226       SUPPORT DIVERSITY
(29) MIDDLESEX COMMUNITY COLLEGE33 KEARNEY SQUARE
LOWELL,MA08152 		04-2973384 115 49,483       SUPPORT DIVERSITY
(30) MISSOURI SOUTHERN STATE UNIVERSITY3950 E NEWMAN ROAD
JOPLIN,MO648011595 		43-0813540 115 27,619       SUPPORT DIVERSITY
(31) NASSAU COMMUNITY COLLEGEONE EDUCATION DRIVE
GARDEN CITY,NY11530 		11-2533314 115 54,135       SUPPORT DIVERSITY
(32) NORTH DAKOTA STATE UNIVERSITYDEPT 3130
FARGO,ND581086050 		45-6002439 115 95,882       SUPPORT DIVERSITY
(33) NORTHERN VIRGINIA COMMUNITY COLLEGE4001 WAKEFIELD CHAP RD
ANNANDALE,VA22003 		53-0249730 115 10,016       SUPPORT DIVERSITY
(34) OHIO STATE UNIVERSITY1960 KENNY RD
COLUMBUS,OH432101063 		31-6025986 115 215,121       SUPPORT DIVERSITY
(35) OHIO UNIVERSITY280 HDL CENTER
ATHENS,OH45701 		31-6402113 501(c)(3) 153,094       SUPPORT DIVERSITY
(36) RED ROCKS COMMUNITY COLLEGE13300 W 6TH AVE
BOX 16
LAKEWOOD,CO80228 		84-1139105 115 121,018       SUPPORT DIVERSITY
(37) RESEARCH FOUNDATION CUNY230 W 41ST ST
NEW YORK,NY10036 		13-1988190 501(c)(3) 60,766       SUPPORT DIVERSITY
(38) RESEARCH FOUNDATION OF SUNYPO BOX 9
ALBANY,NY122010009 		14-1368361 501(c)(3) 222,377       SUPPORT DIVERSITY
(39) ROCHESTER INSTITUTE OF TECHNOLOGY7 LOMB MEM DR
ROCHESTER,NY146235608 		16-0743140 501(c)(3) 71,627       SUPPORT DIVERSITY
(40) SAN DIEGO STATE UNIVERSITY RESEARCH FDTN5250 CAMPANILE DRIVE
SAN DIEGO,CA92182 		95-6042721 501(c)(3) 12,186       SUPPORT DIVERSITY
(41) SOUTH CAROLINA STATE UNIVERSITY300 COLLEGE AVE NE
ORANGEBURG,SC29117 		57-6000950 115 158,561       SUPPORT DIVERSITY
(42) SOUTHWESTERN UNIVERSITY SCHOOL OF LAW3050 WILSHIRE BLVD
LOS ANGELES,CA90010 		95-1246140 501(c)(3) 103,778       SUPPORT DIVERSITY
(43) ST LOUIS UNIVERSITY3700 WEST PINE
ST LOUIS,MO63104 		43-0654872 501(c)(3) 8,950       SUPPORT DIVERSITY
(44) SYRACUSE UNIVERSITYOFC OF SPON ACCTG
SYRACUSE,NY13244 		15-0532081 501(c)(3) 140,633       SUPPORT DIVERSITY
(45) THE FUND FOR PUBLIC SCHOOLS4360 BROADWAY
SUITE 428
NEW YORK,NY10033 		11-2656137   467,836       SUPPORT DIVERSITY
(46) TULANE UNIVERSITY800 E COMMERCE RD
HARAHAN,LA70123 		72-0423889 501(c)(3) 321,941       SUPPORT DIVERSITY
(47) TUSKEGEE UNIVERSITYCARNEGIE HALL 4TH FL
TUSKEGEE,AL36088 		63-0288878 501(c)(3) 129,524       SUPPORT DIVERSITY
(48) UNIV OF ARIZONAPO BOX 3520
TUCSON,AZ857223520 		74-2652689 115 57,278       SUPPORT DIVERSITY
(49) UNIV OF CALIFORNIA SAN DIEGO9500 GILMAN DR
108 DATE BLDG 0631-C
LA JOLLA,CA92093 		95-2872494 115 583,952       SUPPORT DIVERSITY
(50) UNIV OF COLORADO BOULDERSPON PROJ ACCTG
BOULDER,CO803090574 		84-6000555 115 74,196       SUPPORT DIVERSITY
(51) UNIV OF CONNECTICUT438 WHITNEY RE EXT
UNIT 113
STORRS,CT062691133 		06-0772160 115 236,262       SUPPORT DIVERSITY
(52) UNIV OF GEORGIA475 N LUMPKIN ST
ATHENS,GA306025333 		58-6001998 115 74,617       SUPPORT DIVERSITY
(53) UNIV OF LOUISIANA AT LAFAYETTEPO BOX 40400
LAFAYETTE,LA70504 		72-6000820 115 22,823       SUPPORT DIVERSITY
(54) UNIV OF MASSACHUSETTS BOSTON100 MORRISSEY BLVD
BOSTON,MA02125 		04-3167352 115 52,982       SUPPORT DIVERSITY
(55) UNIV OF TEXAS AT AUSTINPO BOX 7159
AUSTIN,TX787137159 		74-6000203 115 59,842       SUPPORT DIVERSITY
(56) UNIV OF TEXAS AT EL PASOOFC OF CONT GNT
EL PASO,TX79968 		74-6000813 115 437,676       SUPPORT DIVERSITY
(57) UNIVERSITY OF CINCINNATIPO BOX 691031
CINCINNATI,OH45269 		31-0896555 115 304,334       SUPPORT DIVERSITY
(58) UNIVERSITY OF FLORIDAPO BOX 113001
GAINESVILLE,FL32611 		59-1867557 115 191,584       SUPPORT DIVERSITY
(59) UNIVERSITY OF HAWAII2530 DOLE STREET
HONOLULU,HI96822 		99-6000354 115 85,688       SUPPORT DIVERSITY
(60) UNIVERSITY OF NEBRASKA - LINCOLN312N 14TH ALEX WEST
LINCOLN,NE68588 		27-1324754 115 120,256       SUPPORT DIVERSITY
(61) UNIVERSITY OF PITTSBURGH3100 CATH OF LEARNING
PITTSBURGH,PA15260 		25-0965591 115 382,666       SUPPORT DIVERSITY
(62) UNIVERSITY OF SAN DIEGO5998 ALCALA PARK
SAN DIEGO,CA92110 		95-2544535 115 165,188       SUPPORT DIVERSITY
(63) UNIVERSITY OF SOUTHERN MAINEPO BOX 9300
PORTLAND,ME04104 		01-6000769 115 108,973       SUPPORT DIVERSITY
(64) UTAH STATE UNIVERSITY400 OLD MAIN HILL
LOGAN,UT843222400 		87-6000528 115 196,055       SUPPORT DIVERSITY
(65) VIRGINIA POLYTECHNIC INST & STATE UNIV1880 PRAATT DR
STE 2006
BLACKSBURG,VA24060 		54-6001805 501(c)(3) 249,968       SUPPORT DIVERSITY
(66) WASHTENAW COMMUNITY COLLEGE4800 E HURON RIVER DR
ANN ARBOR,MI48105 		38-2575395 115 48,621       SUPPORT DIVERSITY
(67) WESTERN ILLINOIS UNIVERSITYONE UNIVERSITY CIR
MACOMB,IL614551390 		37-0910458 115 36,564       SUPPORT DIVERSITY
(68) WILLIAM DAVIDSON INSTITUTE724 E UNIV AVE
ANN ARBOR,MI481091234 		38-3048086 501(c)(3) 286,969       SUPPORT DIVERSITY
(69) YOUTHBUILD USA58 DAY STREET
SOMERVILLE,MA02144 		22-3076454 501(c)(3) 329,025       SUPPORT DIVERSITY
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
70
3
Enter total number of other organizations ................................ . Bullet Image
2
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 The American Council on Education (ACE) receives federal funds through its office of Higher Education for Development (HED) and the office of Leadership and Lifelong Learning (LLL). In accordance with federal government administrative requirements, ACE performs subrecipient monitoring of funds it receives from federal sources in order to ensure that the funds are being used for their intended purpose and that there are no OMB Circular A-133 audit findings that may adversely affect the use of the subrecipient's grant funds. Subrecipient monitoring efforts are a joint effort of program and finance staff. While a number of ACE's subrecipient monitoring efforts are common to each of the federally-funded offices, there is also a series of specific monitoring efforts dedicated specifically to management of HED subrecipients and LLL recipients, which are implemented on a case-by-case or "as needed" basis, such as specific training or specific templates for subrecipents. The special efforts are developed to accommodate the different nature and needs of the programs and their respective recipients. 1. Funding Mechanisms 1.1. Higher Education for Development (HED) HED receives funding from the United States Agency for International Development (USAID) and the Department of State (DOS) through cooperative agreements. HED has a Leader-With-Associate (LWA) cooperative agreement with USAID, whereby a large portion of the funds received are required to be subawarded to partnerships between American and foreign higher education institutions. USAID Missions and other federal agencies can buy into the LWA to add funding for specific activities in two ways: 1) Adding funds directly into the LWA; or 2) Adding funds to an Associate. In addition to the Leader-With-Associate award and the Associate Awards from USAID, HED received a Cooperative Agreement from the DOS during the summer of 2011. The DOS agreement also has the requirement to pass the funds to partnerships between American and foreign institutions for Higher Education. Through a competitive award process, the funds from USAID and DOS are subawarded to the American institutions for higher education, which then pass part of the funds to the foreign institutions. The foreign institutions for higher education are the sub-subawardees of funds from USAID and DOS. 1.2. Leadership for Lifelong Learning (formerly named "Program and Services") ACE also receives funding from a Cooperative Agreement with USAID-South Africa Mission. The Cooperative Agreement was awarded to ACE to provide technical assistance and skills development to Further Education Training Colleges (FETCs) in South Africa. Under this Cooperative Agreement, ACE established subagreements with US-based nonprofit organizations, South Africa-based healthcare organizations, and South Africa-based FETCs. 2. Grants & Contracts Unit Monitoring Efforts The Grants & Contracts Unit of ACE's Finance and Budget Department (G&C unit) conducts monitoring efforts that take place in different stages and ways during the life of a subaward, from application to close-out. During the life of an award, ACE/G&C Unit uses a database to track its partners to ensure A-133 reports, quarterly invoices and foreign tax reports are submitted in a timely manner. 2.1. Application phase During the application phase, ACE presents the applicants with a budget application package that compels the disclosure of financial information and existing financial systems that will ensure proper management of federal funds. The package consists of five documents: 1) A Microsoft Excel budget form; 2) A sample of the budget form populated with a fictional budget to provide the applicants with examples of how to utilize the template; 3) A Microsoft Word budget narrative sample that goes with the budget sample provided, so applicants can visualize what kind of information the budget narrative should contain; 4) A Microsoft PowerPoint presentation that lays out the rules for proper budgeting under the federal cost principles and provides references to the federal regulations; and 5) A Microsoft Word checklist to be completed once the budget is finalized to aid the applicant in ensuring that all requirements have been fulfilled. With each application package, an institution is required to submit a budget, a budget narrative, a copy of itsNICRA letter, and any other policies relevant for the budget review, such as institutional policies for fringe benefits and equipment. Additionally, starting in FY12, applicants will be required to complete a pre-award survey in which they answer specific questions about the capabilities of their financial systems. As an extra effort to ensure that partners have comprehensive understanding of the cost principles and federal regulations from the application phase, ACE G&C Unit also provides support to partners during the application phase. This support consists of participation in webinars that program staff conduct with applicants during the application phase, where partners can ask questions and are often presented with a tutorial of how to use the budget template provided. In addition, G&C staff are available for questions during the application phase. 2.2. Post-award phase Once a partner is selected, G&C unit and program staff jointly monitor the progress of the partnership through collection of financial reports, cost share reports, programmatic narrative reports, OMB Circular A-133 audit reports, tax reports, annual implementation work plans and budgets, and continuous contact with partners by phone, e-mail, or face-to-face meetings. From time to time ACE also incorporates site visits and trainings as part of its monitoring efforts. 2.2.1. Financial and Cost Share Reports ACE subaward agreements require that subawardees submit quarterly financial reports and quarterly cost share reports to program staff. A template for these reports is provided to partners as an attachment to the subaward agreements. The reports track total approved budget, total expenses for the period, and total cumulative expenses, both for the federal portion of the subaward and cost share. Subawardees are required to submit quarterly financial and cost share reports to ACE 30 days after the end of each quarter. The only exception to this requirement is the fourth quarter reports, which are due to ACE on October 15th. This allows ACE to properly process all payments to partners and close its own fiscal year within the deadlines established by ACE's Board of Directors. Reports of a financial nature go through a series of internal reviews prior to payment. The program specialist in charge of managing the partnership conducts the first review, comparing expenditures on award and cost share against the approved budgets and based on his/her knowledge of the activities conducted by the partner during the quarter being reviewed. The program specialist also checks the reports for mathematical errors, for improper charges, and for other inconsistencies. Once the program specialist provides the first program approval, he/she submits the report to his/her supervisor for the second program approval. With the second program approval, the reports are sent to the G&C Unit. The Grants Specialist at the G&C Unit once again checks expenses against approved budgets and provides a second review of mathematical checks and compliance issues. With the approval of the Grants Specialist, the report is then submitted to the Director of Grants & Contracts, who provides the final review and final approval prior to payment. 2.2.2. Programmatic Reports ACE subaward agreements require that subawardees submit semi-annual progress reports to program staff. Once again, a template for these reports is provided to partners as an attachment to the subaward agreements. The narrative programmatic reports are used to track and monitor the partnership progress and accomplishments and are submitted directly to the program specialist who is managing the partnership. More about this particular monitoring tool is described below in the session "Program Monitoring Efforts". 2.2.3. Audit Reports As described below, ACE obtains audit reports from its partners annually. Any partner's audit findings that affect or may have a direct impact on ACE subawards are followed-up directly with the partner within six months after the receipt of the subrecipient's audit report. ACE sends follow-up letters to all organizations that have not submitted an audit report before November 30 of each year.
MONITORING THE USE OF GRANTS FUNDS (CONT) FORM 990, SCHEDULE I, PART I, LINE 2 Domestic Partners OMB Circular A-133 requires any non-federal organization expending $500,000 in federal awards in any given year to have an audit conducted in accordance with standards established by the Office of Management and Budget (OMB). Accordingly, an organization receiving a subaward from ACE that meets this criterion is required to conduct an audit in accordance with OMB Circular A-133. Subawardees that do not meet the Circular A-133 audit requirement are asked to conduct an annual independent audit. ACE uses a database to track its university partners to ensure A-133 reports are submitted in a timely manner. Annually, ACE requests partnerships to submit the A-133 reports of their institutions and reviews the reports received for any internal control or compliance findings. As part of the review process, ACE considers the impact of any findings on its own financial records. To ensure that the audit reports are submitted to ACE timely the G&C unit sends a letter to all its domestic subawardees around July or August of every year. This letter requests that the organization certifies whether it is subject to Circular A-133 audit or not, and, if applicable, to provide ACE with a copy of their current audit report. A sample of the letter sent out to the American university partners is on each partnership agreement file or it is kept electronically. The audit reports for the prior fiscal year are to be submitted to ACE's Senior Contract Accountant, who reviews the reports and enters them into the G&C database system, with the date of receipt. 2.2.4. Annual Implementation Work Plans and Budgets The LWA and the Associate Awards require HED to submit annual work plans and budgets for the following fiscal year. By April 30th of every year, partners present to HED their work plans and budgets for the following fiscal year that starts October 1st. Some awards have different deadlines so HED incorporates the different deadlines in its subawards as well. HED then submits its own implementation plans to USAID on July 1st. The partners are provided with a template in which they lay out, by quarter, their activities and targets for the following fiscal year. The work plan is then accompanied by a budget for the same period, also divided by quarters. The program specialists review the work plans and budgets to ensure that the activities and expenses proposed are the ones approved in the subaward agreement. The targets established in the annual work plans then serve as a guideline for program specialists to monitor progress and accomplishments reported both in the quarterly financial reports and on the semi-annual progress reports. 2.2.5. Site Visits ACE systematically budgets funds for partnership site visits that are planned as part of its subrecipient monitoring efforts. The partners to be visited are selected based on a risk assessment that is identified by staff during the ongoing monitoring of the partnership activities. Once a need for a site visit is identified, ACE puts together a team that will visit the partners. The team normally consists of two to three members of the G&C Unit, plus the program specialist in charge of the partnership. In some cases, a member of the ACE legal counsel team also attends the visits. During the site visits, the Grants and Contracts Unit staff review financial records (i.e. quarterly financial and cost share reports) and obtain supporting documentation to substantiate the amounts reported to ACE. The program specialist reviews documentation of a programmatic nature and interviews the Principal Investigator to further assess the progress and the status of the partnership. The legal counsel member reviews institutional policies and investigates overall compliance with federal regulations during the life of the partnership. When a staff from the legal counsel cannot attend these visits, a member of the G&C Unit takes up the role of investigating compliance and review of institutional policies related to the subaward. 2.2.6. Training As specific needs of HED or LLL are identified, the G&C Unit provides training for both ACE program staff and partners. For instance, in FY11, the G&C Unit provided three training sessions for its partners and two training sessions for ACE staff. For partners, the training focused in management of federal funds and compliance requirements. The training was tailored specifically to the audience attending each session: One training session was conducted in February 2011 and was exclusively dedicated to the partners working under the HED Africa Initiative. HED's partners traveled to ACE's offices and attended a two-day seminar that included an overview of the requirements for financial and programmatic compliance. The success of the training for the HED Africa Initiative partners led to another training, this time in April in New Orleans, for the partners participating of the HED BMENA initiative. Once again, an overview of the financial and programmatic elements required to ensure compliance was provided, followed by a question-and-answers session. Finally, in July, the Director of Grants and Contracts and the Program Manager for the LLL took a one-week trip to South Africa to provide the same kind of financial and programmatic training, this time to the FTE colleges. Four sites were visited during the course of a week, with about 30 people trained on financial and programmatic compliance. To these partners, who are less experienced with management of federal funds, the G&C Unit also provided a special financial reporting tool to each organization to facilitate their reporting of expenses. 2.3. Closeout Phase When performance period of each partnership ends, program staff and the G&C Unit staff review the final report and submit final vouchers from the partner for final payment, observing the same procedures for payment from the post-award phase. Specific procedures are required from the partners for closeout on a case-by-case basis, such as observance of proper disposal of equipment and supplies, contractor release forms, etc. Copies of final reports are submitted to awarding agency. 3. Program Specialists Monitoring Efforts Program Specialists at the program offices are also responsible for monitoring results for their specifically assigned sub-award agreements. A program management manual addressed to Program Specialists that includes partnership-monitoring procedures is available. Each cooperative agreement and associate cooperative agreement document describes the specific monitoring and reporting requirements. Partnerships are monitored primarily by their performance objectives and each objective includes two parts: an activity and its expected outcome. 3.1. HED Program Specialists Monitoring Efforts HED compiles monthly program monitoring reports for partnerships, each with format and schedule determined in consultation with the AOTR (Agreement Officer Technical Representative) and in compliance with the provision of the Leader or Associate Cooperative Agreement. Reporting templates are sent to partnership directors and, once populated, are reviewed by HED's Director of Quality and Impact to insure that data gathered every six months from HED partnerships responds to USAID's Indicators for Higher Education. HED staff monitors compliance to ensure that performance objectives specified in each partnership award are attained. Monitoring takes the form of: - Review of reports and follow-up with partnerships by phone or e-mail - Annual portfolio reviews for each Program Specialist - Site visits to selected partnerships for intensive monitoring - Periodic impact assessments, including field visits to in-country partners for progress evaluation. Reports for the results of monitoring activities are included in the semi-annual reports that ACE delivers to USAID. Separate reports are prepared to describe the impact assessment studies. The Program Specialists also monitor submission of the quarterly financial expenditure reports and quarterly cost share reports. These expenditure reports are compared against the approved budget in the sub-agreement or the latest modification to the sub-award. Any amounts over the budgeted categories are disallowed unless a budget re-allocation is requested. Similarly, any funds not spent within the budgeted period will be disallowed, unless a no cost extension is requested and granted.
MONITORING THE USE OF GRANT FUNDS (CONT.2) FORM 990, SCHEDULE I, PART I, LINE 2 3.2. LLL Program Monitoring Efforts The LLL Program designated an International Program Manager as the person responsible for monitoring efforts for subaward agreements under the LLL program. The International Program Manager assists with overall managerial support under the USAID Cooperative Agreement for all U.S. implementing partners, ensuring that funds are administered in accordance with the terms and conditions in the award, and that audit requirements for recipients and sub-recipients of federal awards are met. Each subaward agreement document describes the specific monitoring and reporting requirements for each partner. The International Program Manager monitors compliance to ensure that performance objectives specified in each sub-cooperative agreement are attained. Monitoring takes the form of: - Review of reports and follow-up with the partners by phone or e-mail. - Provides reports on the results of monitoring activities, which are included in the semi-annual reports to USAID. - Specific training or guidance for partners, as needed and appropriate, such as the training conducted for the FET Colleges in South Africa. The International Program Manager of the LLL also monitors submission of quarterly financial expenditure reports and quarterly cost share reports. These expenditure reports are compared against the approved budget in the sub-agreement or the latest modification to the sub-award. Any amounts over the budgeted categories are disallowed unless a budget re-allocation is requested. Likewise, any funds not spent within the budgeted period will be disallowed, unless a no cost extension is requested and granted.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) BROAD MARGARET C (i)
(ii)		 413,518
0 		 
0 		38,117
0 		59,400
0 		188,884
0 		699,919
0 		0
0
(2) HARTLE TERRY (i)
(ii)		 283,731
0 		16,234
0 		19,889
0 		59,400
0 		71,199
0 		450,453
0 		0
0
(3) PIPPINS SHIRLEY (i)
(ii)		 279,439
0 		25,488
0 		36,486
0 		39,400
0 		77,955
0 		458,768
0 		0
0
(4) TOMITZ JEFFREY A (i)
(ii)		 189,048
0 		8,547
0 		29,749
0 		26,241
0 		45,288
0 		298,873
0 		0
0
(5) BABBY ELLEN (i)
(ii)		 193,308
0 		8,636
0 		38,136
0 		27,815
0 		47,620
0 		315,515
0 		0
0
(6) COLLINS COLEEN (i)
(ii)		 155,758
0 		8,117
0 		33,142
0 		22,717
0 		39,259
0 		258,993
0 		0
0
(7) FREEMAN KARA (i)
(ii)		 173,021
0 		15,000
0 		9,190
0 		21,918
0 		40,146
0 		259,275
0 		0
0
(8) MELOY ADA (i)
(ii)		 211,698
0 		0
0 		37,651
0 		28,769
0 		49,437
0 		327,555
0 		0
0
(9) SELBE JAMES (i)
(ii)		 151,188
0 		0
0 		31,490
0 		20,302
0 		31,825
0 		234,805
0 		0
0
(10) VAN UMMERSEN CLAIRE (i)
(ii)		 222,385
0 		0
0 		22,458
0 		28,026
0 		48,584
0 		321,453
0 		0
0
(11) GREEN MADELEINE F (i)
(ii)		 81,688
0 		0
0 		162,159
0 		12,857
0 		63,809
0 		320,513
0 		0
0
(12) TIMMONS BECKY (i)
(ii)		 191,910
0 		8,636
0 		5,200
0 		24,109
0 		40,534
0 		270,389
0 		0
0
(13) MCDONOUGH TIMOTHY (i)
(ii)		 191,123
0 		0
0 		16,662
0 		26,964
0 		38,396
0 		273,145
0 		0
0
(14) KING JACQUELINE (i)
(ii)		 118,501
0 		8,636
0 		33,105
0 		19,116
0 		31,295
0 		210,653
0 		0
0
(15) CHESTANGNICOLE (i)
(ii)		 281,199
0 		0
0 		0
0 		22,843
0 		0
0 		304,042
0 		0
0

Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
SEVERANCE PAYMENT SCHEDULE J, PART I, LINE 4A THE BELOW INDIVIDUALS RECEIVED A SEVERANCE PAYMENT FROM THE FILING ORGANIZATION WHICH IS REPORTED IN SCHEDULE J, COLUMN BIII: GREEN, MADELINE - $ 122,972
RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A IRC SECTION 457(F)PLAN. THE AMOUNT OF DEFERRAL DURING THE YEAR WAS AS FOLLOWS: MARGARET BROAD $30,000 TERRY HARTLE $30,000 SHIRLEY PIPPINS $10,000
PRESIDENTIAL HOUSING SCHEDULE J, PART I, LINE 1A THE PRESIDENT IS PROVIDED HOUSING WHICH IS TREATED FOR TAX PURPOSES AS A NON-TAXABLE BENEFIT.
HEALTH OR SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A ACE PAID SOCIAL CLUB DUES IN THE AMOUNT OF $2,172 ON BEHALF OF MARGARET C. BROAD, THE PRESIDENT OF ACE AND IT IS CONSIDERED A WORKING CONDITION FRINGE.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2010
Schedule L (Form 990 or 990-EZ) 2010
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) AMHIC SEE PART V FOR DETAIL 2,117,726 INSURANCE PREMIUMS   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
SCHEDULE L, PART IV, LINE 1(b) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION COLEEN COLLINS, A KEY EMPLOYEE OF AMERICAN COUNCIL ON EDUCATION, SERVED ON THE BOARD OF AMHIC.
Schedule L (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ... X 1 596,670 COST
9 Securities—Publicly traded .        
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
0
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
 
No
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule M (Form 990) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Identifier Return Reference Explanation
OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D BUILDING OPERATIONS AND OTHER ANCILLARY SERVICES - ACE OWNS AND OPERATES THE NATIONAL CENTER FOR HIGHER EDUCATION LOCATED AT ONE DUPONT CIRCLE NW, WASHINGTON, DC. THROUGH ITS FACILITIES AND OFFICE SERVICES DEPARTMENT (FOS), ACE HOUSES SIXTEEN MEMBER ORGANIZATIONS AND THREE COMMERCIAL TENANTS, AND MANAGES ACCESS AND SECURITY OF THE BUILDING, PARKING GARAGE MAINTENANCE AND UP KEEP, CONFERENCE ROOM COORDINATION, AND OTHER DAY-TO-DAY OPERATIONS AND MAINTENANCE OF THE FACILITY. ACE'S PROCUREMENT AND DOCUMENT SOLUTIONS CENTER (PDSC) PROVIDES SERVICES TO ACE AND MORE THAN TWENTY EXTERNAL ORGANIZATIONS LOCATED AT OR NEAR THE NCHE BUILDING. THESE SERVICES INCLUDE PRINTING, MAILING, DUPLICATING, DOCUMENT IMAGING, PROCUREMENT, TELECOMMUNICATIONS, PUBLICATION STORAGE AND FULFILLMENT, AND SHIPPING. POLICY ANALYSIS AND RESEARCH - CONDUCTS RESEARCH AND CONVENES RESEARCHERS AND POLICY MAKERS TO STUDY ISSUES OF INTEREST TO THE HIGHER EDUCATION COMMUNITY. CURRENT ACTIVITIES OF THE CENTER FOCUS ON STUDENT FINANCIAL AID, DEMOGRAPHIC TRENDS IN HIGHER EDUCATION, ACADEMIC PREPARATION FOR COLLEGE, AND THE COLLEGE PRESIDENCY, AMONG OTHER TOPICS.
MEMBERS FORM 990, PART VI, SECTION A, LINE 6 AND LINE 7A THE COUNCIL SHALL HAVE FOUR CLASSES OF VOTING MEMBERS (NATIONAL ASSOCIATION MEMBERS, INSTITUTIONAL MEMBERS, ORGANIZATIONAL MEMBERS, AND AFFILIATE MEMBERS). ACE MAINTAINS A MEMBERSHIP OF 1,800 INSTITUTIONS AND MEMBERSHIP IS A PREREQUISITE TO SERVING ON ACE'S BOARD. AT ITS ANNUAL MEETING, THE GENERAL MEMBERSHIP OF ACE VOTES ON A SLATE OF NOMINEES TO THE BOARD OF DIRECTORS.
990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF INTERNAL REVENUE SERVICE (IRS) FORMS 990 AND 990-T ARE INITIALLY CIRCULATED AMONG ACE'S ENTIRE BOARD PRIOR TO THE SPRING MEETING OF THE BOARD OF DIRECTORS. THE PURPOSE OF MAKING THE FORMS AVAILABLE TO THE ENTIRE BOARD MEMBERSHIP IS TO SOLICIT QUESTIONS AND/OR SUGGESTIONS FOR IMPROVEMENTS TO THE DRAFT. ACE'S CHIEF FINANCIAL OFFICER (CFO) COMPILES ALL COMMENTS RECEIVED FROM THE BOARD AND RESOLVES THOSE MATTERS PRIOR TO THE BOARD MEETING. ACE'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH COMPLIANCE OVERSIGHT, INCLUDING THE ACCURATE AND TIMELY FILING OF FORMS 990 AND 990-T. THE AUDIT COMMITTEE ALSO PERIODICALLY RECEIVES UPDATES CONCERNING CHANGES TO THE FORMS PROMULGATED BY THE IRS. PRIOR TO FILING THE FORMS, THE COMMITTEE RECEIVES A REPORT FROM THE CFO DESCRIBING ANY QUESTIONS OR COMMENTS THAT HAVE BEEN CLEARED PRIOR TO THE BOARD MEETING. BARRING ANY ADDITIONAL QUESTIONS OR CONCERNS ARISING DURING THE COMMITTEE'S MEETING, APPROVAL TO FILE THE INFORMATION RETURNS IS VOTED UPON BY THE COMMITTEE'S MEMBERS.
CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C ALL RESPONSES TO CONFLICT OF INTEREST QUESTIONNAIRES ARE RECEIVED BY GENERAL COUNSEL. ANY QUESTIONS ARE ADDRESSED AND RESOLVED. ANY OUTSIDE BUSINESS RELATIONSHIPS WITH BUSINESSES DOING BUSINESS WITH ACE ARE DISCLOSED TO BOARD AUDIT COMMITTEE. IN THE EVENT ANY CONFLICT IS IDENTIFIED, THE AUDIT COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION. THE AUDIT COMMITTEE SHALL DETERMINE WHETHER ACE CAN FIND A MORE ADVANTAGEOUS TRANSACTION ACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THE AUDIT COMMITTEE BY MAJORITY VOTE OF DISINTERESTED MEMBERS DETERMINES A MORE ADVANTAGEOUS TRANSACTION NOT PRESENTING A CONFLICT OF INTEREST IS NOT REASONABLY POSSIBLE AND THAT THE TRANSACTION IS IN ACE'S BEST INTERESTS AND IS FAIR AND REASONABLE, THE AUDIT COMMITTEE MAY DETERMINE TO ENTER OR CONTINUE THE TRANSACTION OR ARRANGEMENT. THE INDIVIDUAL WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
COMPENSATION REVIEW FOR TOP MANAGEMENT OFFICIAL FORM 990, PART VI, SECTION B, LINE 15A BEGINNING IN THE SPRING, ACE'S COMPENSATION COMMITTEE, THROUGH THE ASSISTANT VICE PRESIDENT OF HUMAN RESOURCES, WILL OBTAIN COMPARABILITY DATA TO SUPPORT SALARY ADJUSTMENTS THAT WILL BECOME EFFECTIVE FOR THE FISCAL YEAR BEGINNING OCTOBER 1. AS HAS BEEN PAST PRACTICE, ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES OBTAINS A COMPENSATION REPORT FROM AN INDEPENDENT COMPENSATION CONSULTANT, PROVIDING COMPARABILITY DATA FOR THE PRESIDENT BASED ON THE DATA AVAILABLE FOR SIMILAR POSITIONS IN THE WASHINGTON, DC AREA. THIS DATA IS EXPECTED TO BE COLLECTED EVERY 2 YEARS. THE COMPENSATION COMMITTEE MEETS IN EXECUTIVE SESSION EACH SEPTEMBER. THE BOARD CHAIR RECOMMENDS THE SALARY FOR THE PRESIDENT. THE MATTER WILL BE OPEN FOR DISCUSSION AND VOTE BY THE COMMITTEE, WITH ANY MEMBER OF THE COMMITTEE WITH A CONFLICT OF INTEREST BEING RECUSED FROM THE DISCUSSION AND VOTE ON THE MATTER ON WHICH THE MEMBER HAS A CONFLICT. MINUTES SHOWING DELIBERATION AND DECISION WILL BE TAKEN AT THE MEETING BY THE GENERAL COUNSEL. MINUTES WILL BE PREPARED PROMPTLY AND SHARED WITH THE BOARD SECRETARY FOR REVIEW. AFTER THE BOARD SECRETARY HAS APPROVED THE MINUTES, BUT NO LATER THAN THE NEXT MEETING OF THE EXECUTIVE COMMITTEE (WHETHER SITTING AS THE COMPENSATION COMMITTEE OR THE EXECUTIVE COMMITTEE), THE MINUTES WILL BE SHARED WITH THE COMMITTEE FOR APPROVAL. AFTER THE MINUTES HAVE BEEN APPROVED, THE BOARD SECRETARY SHALL SIGN THE MINUTES, AND THEY WILL BE MAINTAINED BY THE DEPARTMENT OF HUMAN RESOURCES IN THE OFFICIAL FILES OF THE COMPENSATION COMMITTEE. THE PRESIDENT (CEO) - PROCESS LAST UNDERTAKEN IN AUGUST 2009 and August 2011.
COMPENSATION REVIEW FOR OTHER OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B BEGINNING IN THE SPRING, ACE'S COMPENSATION COMMITTEE, THROUGH THE ASSISTANT VICE PRESIDENT OF HUMAN RESOURCES, WILL OBTAIN COMPARABILITY DATA TO SUPPORT SALARY ADJUSTMENTS THAT WILL BECOME EFFECTIVE FOR THE FISCAL YEAR BEGINNING OCTOBER 1. AS HAS BEEN PAST PRACTICE, THE ASSISTANT VICE PRESIDENT OBTAINS A COMPENSATION REPORT FROM AN INDEPENDENT COMPENSATION CONSULTANT, PROVIDING COMPARABILITY DATA FOR OTHER OFFICERS AND KEY EMPLOYEES IN SIMILAR POSITIONS IN THE WASHINGTON, DC AREA. THIS DATA IS EXPECTED TO BE COLLECTED EVERY 2 YEARS (OR AS NEEDED) IN THE ODD-NUMBERED YEARS, AND WAS LAST UNDERTAKEN IN AUGUST 2009. THE COMPENSATION PHILOSOPHY IN THE ACE EMPLOYEE HANDBOOK IS THE GUIDING POLICY. EACH SEPTEMBER, THE FOLLOWING INDEPENDENT INDIVIDUALS WILL MEET TO REVIEW THE DATA, ANNUAL PERFORMANCE REVIEW AND PROPOSED SALARY ADJUSTMENT FOR EACH KEY EMPLOYEE: PRESIDENT, ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES AND THE AREA SENIOR VICE PRESIDENT. (THE ASSISTANT VICE PRESIDENT SHALL NOT BE PRESENT FOR REVIEW OF HER OWN PROPOSED SALARY.) THE ASSISTANT VICE PRESIDENT KEEPS MINUTES OF THE MEETINGS AND RETAINS THEM IN FILES OF THE RELEVANT KEY EMPLOYEE AND IN A FILE OF KEY EMPLOYEE COMPENSATION DECISIONS MAINTAINED BY THE ASSISTANT VICE PRESIDENT FOR AUDIT/GOVERNANCE PURPOSES. THE COUNCIL ALSO PROVIDES THE COMPENSATION COMMITTEE OF THE BOARD WITH AN OPPORTUNITY TO REVIEW LEVELS OF COMPENSATION FOR EACH OF THESE INDIVIDUALS. THE COMPENSATION COMMITTEE APPROVED COMPENSATION LEVELS FOR THE COUNCIL'S OFFICERS AND KEY EMPLOYEES SEPTEMBER 2009 AND DOCUMENTED ITS APPROVAL IN THE MINUTES. OTHER OFFICERS - PROCESS LAST UNDERTAKEN IN AUGUST 2009 and August 2011 SENIOR VICE PRESIDENT, DIVISION OF GOVERNMENT AND PUBLIC AFFAIRS SENIOR VICE PRESIDENT, PROGRAMS AND SERVICES CHIEF FINANCIAL OFFICER, TREASURER KEY EMPLOYEES - PROCESS LAST UNDERTAKEN IN AUGUST 2009 and August 2011 VICE PRESIDENT, ADVANCEMENT ASSISTANT VICE PRESIDENT, HUMAN RESOURCES VICE PRESIDENT, ADMINISTRATION, AND CHIEF INFORMATION OFFICER GENERAL COUNSEL ASSISTANT VICE PRESIDENT, LIFELONG LEARNING EXECUTIVE DIRECTOR, HIGHER EDUCATION FOR DEVELOPMENT VICE PRESIDENT AND EXECUTIVE DIRECTOR, GEDTS.
GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC TO THE EXTENT THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT ON THE PUBLICALLY AVAILABLE ACE WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST.
OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED LOSS <1,856,103> POSTRETIREMENT CHANGE <146,993> GAIN ON INTEREST RATE SWAP 135,939 ----------- TOTAL CHANGE IN NET ASSETS <1,867,157>
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
American Council on Education
 
Employer identification number

53-0196573
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No












For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
 
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
 
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
 
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
 
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
 
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
 
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
 
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
 
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
 
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
 
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
 
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
 
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No
(1) GED TESTING SERVICE LLC

5601 GREEN VAL DR 220BLOOMINGTON,MN55437
27-5436001 		TESTING PROGRAM DE
 
No
  
 
No
  
 
No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID:  
Software Version: