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
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 10-01-2011 and ending 09-30-2012
BCheck if applicable:
CName of organization
American Council on Education
 
Doing Business As
 
 
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 $ 56,661,162
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 36
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 36
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 263
6 Total number of volunteers (estimate if necessary) .... 6 47
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 321,369
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -437,039
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 32,336,742 34,023,249
9 Program service revenue (Part VIII, line 2g) ......... 25,838,968 17,200,857
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 924,106 735,535
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,153,870 774,208
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 60,253,686 52,733,849
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 10,312,112 13,117,619
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) 21,769,186 19,977,768
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,029,392    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 18,246,309 17,837,766
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 50,327,607 50,933,153
19 Revenue less expenses. Subtract line 18 from line 12....... 9,926,079 1,800,696
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 86,155,904 94,124,711
21 Total liabilities (Part X, line 26)............. 27,929,930 28,174,748
22 Net assets or fund balances. Subtract line 21 from line 20..... 58,225,974 65,949,963
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 use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
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 organization’s program service accomplishments for each of its three largest program services, as measured 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 $ 24,462,120 including grants of $ 11,449,827 ) (Revenue $ 9,362,981 )
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 $ 7,933,154 including grants of $ 1,237,363 ) (Revenue $ 2,228,466 )
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 $ 5,158,583 including grants of $ 225,429 ) (Revenue $ 130,078 )
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 $ 6,849,437 including grants of $ 205,000 ) (Revenue $ 13,671,631 )
4e Total program service expensesMediumBullet$ 44,403,294
Form 990 (2011)
Form 990 (2011)
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 IIIClick to see attachment........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which 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 temporarily restricted endowments, permanent endowments, 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, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? 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
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization 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 employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? 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...........................
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
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, 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
35b
 
No
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 (2011)
Form 990 (2011)
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
263
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 (2011)
Form 990 (2011)
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
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
36
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
36
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
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
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
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete 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
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did 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 15a or 15b, 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,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take 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 made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
JEFF DAVIES
ONE DUPONT CIRCLE NW
WASHINGTON,DC20036
(202) 939-9558
Form 990 (2011)
Form 990 (2011)
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 (do not check more than one box, unless person is both an officer and a director/trustee) 		(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) AOUN JOSEPH
VICE CHAIR
 1.0 X           0 0 0
(2) AYERS EDWARD
DIRECTOR
 1.0 X           0 0 0
(3) GARIBALDI ANTOINE
DIRECTOR
 1.0 X           0 0 0
(4) MITCHELL HORACE
DIRECTOR
 1.0 X           0 0 0
(5) NATALICIO DIANA
VICE CHAIR/CHAIR-ELECT
 1.0 X           0 0 0
(6) SEXTON JOHN
DIRECTOR
 1.0 X           0 0 0
(7) YUDOF MARK G
DIRECTOR
 1.0 X           0 0 0
(8) HARRIS BRICE W
DIRECTOR
 1.0 X           0 0 0
(9) MATOS RODRIGUEZ FELIX V
DIRECTOR
 1.0 X           0 0 0
(10) MAXWELL DAVID
DIRECTOR
 1.0 X           0 0 0
(11) MULLEN JAMES H
DIRECTOR
 1.0 X           0 0 0
(12) PADRON EDUARDO J
CHAIR
 1.0 X           0 0 0
(13) ROMO RICARDO
DIRECTOR
 1.0 X           0 0 0
(14) TURNER GERALD R
DIRECTOR
 1.0 X           0 0 0
(15) MILLER KEITH L
DIRECTOR
 1.0 X           0 0 0
(16) DAHL CHRISTOPHER C
DIRECTOR
 1.0 X           0 0 0
(17) LINNANE BRIAN SJ
DIRECTOR
 1.0 X           0 0 0
Form 990 (2011)
Form 990 (2011)
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 (do not check more than one box, unless person is both an officer and a director/trustee) 		(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) MARTIN GEORGE E
DIRECTOR
 1.0 X           0 0 0
(19) ANDERSON LOREN J
DIRECTOR
 1.0 X           0 0 0
(20) KHATOR RENU
DIRECTOR
 1.0 X           0 0 0
(21) BOSCHINI VICTOR
DIRECTOR
 1.0 X           0   0
(22) DISTEFANO PHILIP
DIRECTOR
 1.0 X           0 0 0
(23) GORA JOANN
DIRECTOR
 1.0 X           0 0 0
(24) MCAULIFFE JANE
DIRECTOR
 1.0 X           0 0 0
(25) REILLY KEVIN P
DIRECTOR
 1.0 X           0 0 0
(26) SPANGLER MARY
DIRECTOR
 1.0 X           0 0 0
(27) WATSON WAYNE
DIRECTOR
 1.0 X           0 0 0
(28) MILLIKEN JAMES B
DIRECTOR
 1.0 X           0 0 0
(29) GARLAND JOHN W
DIRECTOR
 1.0 X           0 0 0
(30) PRAGER SUSAN WESTERBERG
DIRECTOR
 1.0 X           0 0 0
(31) WELLS RICHARD
DIRECTOR
 1.0 X           0 0 0
(32) MCCALLIN NANCY
DIRECTOR
 1.0 X           0 0 0
(33) CARET ROBERT L
DIRECTOR
 1.0 X           0 0 0
(34) HERBST SUSAN
DIRECTOR
 1.0 X           0 0 0
(35) KERWIN CORNELIUS M
DIRECTOR
 1.0 X                
(36) PAPPAS RICHARD J
DIRECTOR
 1.0 X           0 0 0
(37) PEACOCK KENNETH E
DIRECTOR
 1.0 X           0 0 0
(38) WILSON DAVID
DIRECTOR
 1.0 X           0 0 0
(39) FLOYD ELSON S
DIRECTOR
 1.0 X           0 0 0
(40) SULLIVAN TERESA A
DIRECTOR
 1.0 X           0 0 0
(41) NUGENT S GEORGIA
DIRECTOR
 1.0 X           0 0 0
(42) CEPEDA RITA M
DIRECTOR
 1.0 X           0 0 0
(43) RAY EDWARD J
DIRECTOR
 1.0 X           0 0 0
(44) MEYERS CAROLYN
DIRECTOR
 1.0 X           0 0 0
(45) DOWDEN G BLAIR
DIRECTOR
 1.0 X           0 0 0
(46) KIRCH DARRELL G
DIRECTOR
 1.0 X           0 0 0
(47) OBLINGER DIANA
DIRECTOR
 1.0 X           0 0 0
(48) DEFELICE JONATHAN OSB
DIRECTOR
 1.0 X           0 0 0
(49) BROAD MARGARET C
PRESIDENT
 50.0     X       519,587 0 290,611
(50) HARTLE TERRY
SVP, GOV'T & PA
 50.0     X       315,969 0 135,454
(51) TOMITZ JEFFREY A
CHIEF FINANCIAL OFFICER
 50.0     X       226,761 0 75,726
(52) BATAILLE GRETCHEN
SVP, L&LL
 50.0     X       158,805 0 52,982
(53) DAVIES JEFFREY
VP, FINANCE
 50.0     X       0 0 0
(54) BABBY ELLEN
VP, ADVANCEMENT & MEMBER SERV.
 50.0       X     236,624 0 78,920
(55) FREEMAN KARA
CHIEF INFORMATION OFFICER
 50.0       X     216,648 0 72,385
(56) MELOY ADA
GENERAL COUNSEL
 50.0       X     257,219 0 85,807
(57) CORNICK TULLY
Executive Director, HED
 50.0       X     166,555 0 55,478
(58) CORDOVA DIANA
VP, Leadership Programs
 50.0       X     151,274 0 50,243
(59) MORRIS STEPHANIE
AVP, Marketing & Membership
 50.0       X     152,322 0 50,882
(60) VAN UMMERSEN CLAIRE
VP, EFFECTIVE LEADERSHIP
 50.0         X   209,133 0 69,521
(61) GREEN MADELEINE F
VP, INT'L INITIATIVES
 50.0         X   119,083 0 0
(62) TIMMONS BECKY
ASST. VP, GOV'T RELATIONS
 50.0         X   205,962 0 68,577
(63) MCDONOUGH TIMOTHY
Asst. VP, Public Affairs
 50.0         X   260,725 0 87,080
(64) KING JACQUELINE
ASST.VP,CTR FOR POLICY ANALYS.
 50.0         X   137,419 0 45,896
(65) PIPPINS SHIRLEY
SVP, PROGRAMS & SERVICES
 50.0           X 221,730 0 74,027
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,555,816 0 1,293,589
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet32
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
Yes
 
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. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
Fulbright Jaworski
PO Box 844284
DALLAS,TX752844284 		Legal Services 437,555
Kemp P Battle
87 Cold Brook Road
BEARSVILLE,NY12409 		Consulting Services 380,295
CMGRP Inc
PO Box 7247-6593
PHILADELPHIA,PA191706593 		PR SERVICES 370,410
Ironworks Consulting LLC
PO Box 7777-W510500
PHILADELPHIA,PA191750500 		Consulting Services 323,035
Warfield Sanford Elevator Company
7811 Academy Lane
LAUREL,MD20707 		SERVICE & REPAIR 300,995
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet48
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b 6,529,917
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 21,857,454
f All other contributions, gifts, grants, and
similar amounts not included above1f 		5,635,878
g Noncash contributions included in lines 1a-1f:$ 2,750,000
h Total. Add lines 1a-1f.......MediumBullet 34,023,249
Program Service Revenue Business Code
2a TESTING AND REGISTRATION FEES 900,099 12,067,106 12,067,106    
b RENT INCOME 532,000 5,316,734 5,316,734    
c GARAGE PARKING 812,930 320,781 312,895 7,886  
d SALES AND OTHER INCOME 900,099 98,536 98,536    
e INVESTMENT IN JOINT VENTURE 900,099 -602,300 -602,300    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 17,200,857
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 685,737   -12 685,749
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 36,927     36,927
(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 3,691,238  
b Less: cost or other basis and sales expenses 3,641,440  
c Gain or (loss) 49,798  
d Net gain or (loss)..........MediumBullet 49,798     49,798
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 930,878
b Less: cost of goods sold ..b 285,873
c Net income or (loss) from sales of inventory..MediumBullet 645,005 423,786 221,219  
Miscellaneous Revenue Business Code
11a THE PRESIDENCY - PUBLICATION ADVERTISING 541,800 92,276   92,276  
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 92,276
12 Total revenue. See Instructions....MediumBullet 52,733,849 17,616,757 321,369 772,474
Form 990 (2011)
Form 990 (2011)
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).
Check if Schedule O contains a response to any question in this Part IX. .........
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 United States. See Part IV, line 21 12,717,909 12,717,909
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 399,710 399,710
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 4,276,955 3,581,867 545,106 149,982
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 10,612,173 8,862,954 1,336,563 412,656
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 1,390,637 1,175,637 170,000 45,000
9 Other employee benefits ....... 2,656,275 2,292,630 255,398 108,247
10 Payroll taxes ........... 1,041,728 881,728 125,000 35,000
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 296,856 173,880 122,976  
c Accounting ........... 284,158   284,158  
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 43,652   43,652  
g Other .......... 4,364,638 3,715,380 625,501 23,757
12 Advertising and promotion .... 0      
13 Office expenses ....... 1,725,598 1,355,394 320,922 49,282
14 Information technology ...... 313,591 244,173 63,867 5,551
15 Royalties .. 0      
16 Occupancy ........... 4,039,556 3,402,931 487,065 149,560
17 Travel ............ 2,230,764 2,088,336 135,449 6,979
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 989,097 931,973 56,088 1,036
20 Interest ........... 173,987   173,987  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 1,248,960 886,171 347,614 15,175
23 Insurance .............. 99,061 10,012 88,777 272
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a REPAIRS AND MAINTENANCE 682,453 517,113 151,675 13,665
b AWARDS TO SUBRECIPIENTS 345,395 345,395    
c REAL ESTATE AND OTHER TAXES 6,301 4,467 1,698 136
d BAD DEBT AND WRITE DOWNS 521 521    
e
f All other expenses 993,178 815,113 164,971 13,094
25 Total functional expenses. Add lines 1 through 24f 50,933,153 44,403,294 5,500,467 1,029,392
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 4,762,091 1 7,874,402
2 Savings and temporary cash investments ....... 0 2 0
3 Pledges and grants receivable, net ......... 7,088,300 3 5,665,468
4 Accounts receivable, net ......... 1,488,126 4 1,538,946
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 0 5 0
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 .......... 0 6 0
7 Notes and loans receivable, net ............. 0 7 0
8 Inventories for sale or use .............. 91,858 8 66,085
9 Prepaid expenses and deferred charges ............ 1,974,487 9 2,919,758
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 35,194,504
b Less: accumulated depreciation. ..... 10b 25,791,266 6,804,401 10c 9,403,238
11 Investments—publicly traded securities .......... 37,744,865 11 41,800,155
12 Investments—other securities. See Part IV, line 11 ...... 178,303 12 178,303
13 Investments—program-related. See Part IV, line 11 .. 24,958,888 13 24,255,256
14 Intangible assets ......... 0 14 0
15 Other assets. See Part IV, line 11 ........... 1,064,585 15 423,100
16 Total assets. Add lines 1 through 15 (must equal line 34)... 86,155,904 16 94,124,711
Liabilities 17 Accounts payable and accrued expenses . 10,296,791 17 9,950,045
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 9,844,922 19 10,918,481
20 Tax-exempt bond liabilities .......... 4,441,332 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 4,381,639
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 3,346,885 25 2,924,583
26 Total liabilities. Add lines 17 through 25..... 27,929,930 26 28,174,748
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 ..... 52,321,406 27 59,678,591
28 Temporarily restricted net assets ..... 5,904,568 28 6,271,372
29 Permanently restricted net assets ..... 0 29 0
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 ..... 58,225,974 33 65,949,963
34 Total liabilities and net assets/fund balances ..... 86,155,904 34 94,124,711
Form 990 (2011)
Form 990 (2011)
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
52,733,849
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
50,933,153
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
1,800,696
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
58,225,974
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
5,923,293
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
65,949,963
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 (2011)
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
2011
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) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (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) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 26,661,435 33,168,594 27,209,221 32,336,742 34,023,249 153,399,241
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...... 19,214,079 19,497,552 23,634,652 26,831,961 17,910,516 107,088,760
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. 45,875,514 52,666,146 50,843,873 59,168,703 51,933,765 260,488,001
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.)           260,488,001
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
9 Amounts from line 6... 45,875,514 52,666,146 50,843,873 59,168,703 51,933,765 260,488,001
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 7,301,447 7,003,142 1,936,660 1,137,777 722,664 18,101,690
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 7,301,447 7,003,142 1,936,660 1,137,777 722,664 18,101,690
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.). 53,176,961 59,669,288 52,780,533 60,306,480 52,656,429 278,589,691
14
Section C. Computation of Public Support Percentage
15
15
93.502 %
16
16
90.932 %
Section D. Computation of Investment Income Percentage
17
17
6.498 %
18
18
9.068 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2011

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
2011
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 on line H of its
Form 990-EZ or on Part I, 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) (2011)

Page 2
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
American Council on Education
  		Employer identification number

53-0196573
Part I
Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total 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)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
American Council on Education
  		Employer identification number

53-0196573
Part II
Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
     
(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) (2011)

Page 4
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
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
that total 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 $  
Use duplicate copies of Part III if additional space is needed
(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) (2011)

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
2011
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, line 35c (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 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 function 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) 2011

Schedule C (Form 990 or 990-EZ) 2011
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 expenses, and share of excess lobbying expenditures).
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) ....... 256,476  
c Total lobbying expenditures (add lines 1a and 1b) ................... 256,476  
d Other exempt purpose expenditures ........................ 50,676,677  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 50,933,153  
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) 2008 (b) 2009 (c) 2010 (d) 2011 (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 317,411 204,725 181,047 256,476 959,659
             
d Grassroots nontaxable 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) 2011


Schedule C (Form 990 or 990-EZ) 2011
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)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(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? ..........................
 
 
 
j
Total. Add 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 carry over 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) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible 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, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2011

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, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
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 can 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 through 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, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax 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 (ASC 958), 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 (ASC 958), 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 (ASC 958), 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) 2011

Schedule D (Form 990) 2011
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 Net investment earnings, gains, and 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 (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
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
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (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 ................   18,031,511 17,131,179 900,332
c Leasehold improvements ............        
d Equipment ................   14,484,951 8,660,087 5,824,864
e Other .................        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 9,403,238
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
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) must 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
(1) GED TESTING SERVICES LLC 22,724,100 F
(2) TIAA ANNUITY CONTRACT 1,531,156 F







Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 24,255,256
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must 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) Book value
Federal Income Taxes 0
RETIREE MEDICAL BENEFIT OBLIGA 2,924,583








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 2,924,583
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) 2011

Schedule D (Form 990) 2011
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 52,733,849
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 50,933,153
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 1,800,696
4 Net unrealized gains (losses) on investments .......................... 4 5,684,991
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8 238,302
9 Total adjustments (net). Add lines 4 through 8 ......................... 9 5,923,293
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 7,723,989
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 58,854,599
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 5,684,991
b Donated services and use of facilities ......... 2b 55,845
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d 94,041
e Add lines 2a through 2d ..................... 2e 5,834,877
3 Subtract line 2e from line 1..................... 3 53,019,722
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 -285,873
c Add lines 4a and 4b....................... 4c -285,873
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 52,733,849
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 51,130,610
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a 55,845
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d 141,612
e Add lines 2a through 2d...................... 2e 197,457
3 Subtract line 2e from line 1..................... 3 50,933,153
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 must equal Form 990, Part I, line 18.) ...... 5 50,933,153
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, 2012 AND 2011, 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 $ 94,041 POSTRETIREMENT CHARGE OTHER THAN NET PERIODIC BENEFIT COST $144,261 ------- TOTAL OTHER CHANGES: 238,302 =======
RECONCILIATION OF REVENUE SCHEDULE D, PART XII, LINE 2D GAIN ON INTEREST RATE SWAP $94,041 ======== SCHEDULE D, PART XII, LINE 4B COST OF GOODS SOLD $<285,873> ========
RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINE 2D POSTRETIREMENT CHARGE OTHER THAN NET PERIODIC BENEFIT COST <144,261> RECLASSIFICATION OF COST OF GOODS SOLD 285,873 --------- TOTAL: 141,612 =========
Schedule D (Form 990) 2011

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
2011
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 its grants
and other 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 its grants and other
assistance 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 754,329
East Asia and the Pacific 0 0 Program Services INTL DEVELOPM OF EDUC 51,203
Europe (Including Iceland and Greenland) 0 0 Program Services INTL DEVELOPM OF EDUC 111,624
Middle East and North Africa 0 0 Program Services INTL DEVELOPM OF EDUC 2,648,624
North America 0 0 Program Services INTL DEVELOPM OF EDUC 2,712,331
South America 0 0 Program Services INTL DEVELOPM OF EDUC 1,057,692
South Asia 0 0 Program Services INTL DEVELOPM OF EDUC 203,010
Sub-Saharan Africa 0 0 Program Services INTL DEVELOPM OF EDUC 7,554,376
Sub-Saharan Africa 0 0 Grantmaking   399,710
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 15,492,899
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 0 15,492,899
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
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 200,714 WIRE      
Sub-Saharan Africa DIVERSITY 17,094 WIRE      
Sub-Saharan Africa DIVERSITY 7,698 WIRE      
Sub-Saharan Africa DIVERSITY 24,982 WIRE      
Sub-Saharan Africa DIVERSITY 12,375 WIRE      
Sub-Saharan Africa DIVERSITY 25,191 WIRE      
Sub-Saharan Africa DIVERSITY 20,094 WIRE      
Sub-Saharan Africa DIVERSITY 11,901 WIRE      
Sub-Saharan Africa DIVERSITY 30,886 WIRE      
Sub-Saharan Africa DIVERSITY 35,807 WIRE      
Sub-Saharan Africa DIVERSITY 8,291 WIRE      
             
             
             
             
             
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
11
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 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) 2011
Schedule F (Form 990) 2011
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) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
SCHEDULE F, PART I, LINE 3, COLUMN (F)   EXPENSES ARE REPORTED ACCORDING TO ACE'S BOOKS AND RECORDS.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
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
2011
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) AMERICAN ASSOC OF COMMUNITY COLLEGESONE DUPONT CIRCLE NW
WASHINGTON,DC20036 		53-0196569 115 26,979       INSTITUTION STRENGTHENING AND DEVELOPMENT
(2) APPALACHIAN STATE UNIVERSITYJOHN E THOMAS BLDG
BOONE,NC28608 		56-1176030 115 105,777       INSTITUTION STRENGTHENING AND DEVELOPMENT
(3) Bronx Community College2155 University Avenue
Bronx,NY10453 		23-7327307 501(C)(3) 40,309       INSTITUTION STRENGTHENING AND DEVELOPMENT
(4) BROWN UNIVERSITYPO BOX 1929
PROVIDENCE,RI02912 		05-0258809 501(c)(3) 421,334       INSTITUTION STRENGTHENING AND DEVELOPMENT
(5) CALIFORNIA STATE UNIVERSITY FULLERTON2600 NUTWOOD AVE
FULLERTON,CA92831 		95-2081258 115 13,650       INSTITUTION STRENGTHENING AND DEVELOPMENT
(6) CENTRAL COMMUNITY COLLEGEPO BOX 4903
GRAND ISLAND,NE68802 		47-0728813 115 33,873       INSTITUTION STRENGTHENING AND DEVELOPMENT
(7) DUQUESNE UNIVERSITY427 RANGOS BLDG
PITTSBURGH,PA15282 		25-1035663 115 48,037       INSTITUTION STRENGTHENING AND DEVELOPMENT
(8) EASTERN IOWA COMMUNITY COLLEGE DISTRICT306 W RIVER DRIVE
DAVENPORT,IA52801 		42-1430209 115 70,474       INSTITUTION STRENGTHENING AND DEVELOPMENT
(9) EASTERN MENNONITE UNIVERSITY1200 PARK ROAD
HARRISONBURG,VA22802 		54-0575812 501(c)(3) 11,380       INSTITUTION STRENGTHENING AND DEVELOPMENT
(10) EMORY UNIVERSITY1599 CLIFTON ROAD
ATLANTA,GA303224250 		58-0566256 501(c)(3) 103,860       INSTITUTION STRENGTHENING AND DEVELOPMENT
(11) FAIRFIELD UNIVERSITY1073 N BENSON RD
FAIRFIELD,CT06824 		06-0646623 501(c)(3) 52,644       INSTITUTION STRENGTHENING AND DEVELOPMENT
(12) GATEWAY TECHNICAL COLLEGE3520 30TH AVE
KENOSHA,WI53144 		39-1290708 501(c)(3) 130,489       INSTITUTION STRENGTHENING AND DEVELOPMENT
(13) Georgia State University Research FDTNPO BOX 3999
ATLANTA,GA303023999 		58-1845423 501(c)(3) 225,185       INSTITUTION STRENGTHENING AND DEVELOPMENT
(14) HIGHLINE COMMUNITY COLLEGE2400 SO 240TH
4TH FLOOR
DES MOINES,WA98198 		23-7428279 115 124,587       INSTITUTION STRENGTHENING AND DEVELOPMENT
(15) ILLINOIS INSTITUTE OF TECHNOLOGYCONT OFC LOCKBOX 95152
CHICAGO,IL60694 		36-2170136 501(c)(3) 199,735       INSTITUTION STRENGTHENING AND DEVELOPMENT
(16) JOBS FOR THE FUTURE2000 PA AVE NW
11200 SW 8TH ST MARC 470
WASHINGTON,DC20006 		06-1164568 501(c)(3) 27,606       INSTITUTION STRENGTHENING AND DEVELOPMENT
(17) MIDDLESEX COMMUNITY COLLEGE33 KEARNEY SQUARE
LOWELL,MA08152 		04-2973384 115 30,482       INSTITUTION STRENGTHENING AND DEVELOPMENT
(18) NASSAU COMMUNITY COLLEGEONE EDUCATION DRIVE
GARDEN CITY,NY11530 		11-2533314 115 44,330       INSTITUTION STRENGTHENING AND DEVELOPMENT
(19) NORTH DAKOTA STATE UNIVERSITYDEPT 3130
FARGO,ND581086050 		45-6002439 115 471,191       INSTITUTION STRENGTHENING AND DEVELOPMENT
(20) OHIO UNIVERSITY280 HDL CENTER
ATHENS,OH45701 		31-6402113 501(c)(3) 43,221       INSTITUTION STRENGTHENING AND DEVELOPMENT
(21) RED ROCKS COMMUNITY COLLEGE13300 W 6TH AVE
LAKEWOOD,CO80228 		84-1139105 115 79,886       INSTITUTION STRENGTHENING AND DEVELOPMENT
(22) RESEARCH FOUNDATION OF SUNYPO BOX 9
ALBANY,NY122010009 		14-1368361 501(c)(3) 379,684       INSTITUTION STRENGTHENING AND DEVELOPMENT
(23) Rutgers The State University of New Jersey65 Davidson Road
Piscataway,NJ08854 		22-6001086 115 126,447       INSTITUTION STRENGTHENING AND DEVELOPMENT
(24) SOUTH CAROLINA STATE UNIVERSITY300 COLLEGE AVE NE
ORANGEBURG,SC29117 		57-6000950 115 62,451       INSTITUTION STRENGTHENING AND DEVELOPMENT
(25) SYRACUSE UNIVERSITYOFC OF SPON ACCTG
SYRACUSE,NY13244 		15-0532081 501(c)(3) 383,703       INSTITUTION STRENGTHENING AND DEVELOPMENT
(26) Thunderbird School of Global Management1 Global Place
Glendale,AZ85306 		86-0105586 501(c)(3) 22,341       INSTITUTION STRENGTHENING AND DEVELOPMENT
(27) Trustees of Columbia University of New York622 West 113th Street
New York,NY10025 		13-5598093 501(c)(3) 16,721       INSTITUTION STRENGTHENING AND DEVELOPMENT
(28) TULANE UNIVERSITY800 E COMMERCE RD
HARAHAN,LA70123 		72-0423889 501(c)(3) 118,962       INSTITUTION STRENGTHENING AND DEVELOPMENT
(29) TUSKEGEE UNIVERSITYCARNEGIE HALL 4TH FL
TUSKEGEE,AL36088 		63-0288878 501(c)(3) 431,608       INSTITUTION STRENGTHENING AND DEVELOPMENT
(30) UNIVERSITY OF ARIZONAPO BOX 3520
TUCSON,AZ857223520 		74-2652689 115 28,265       INSTITUTION STRENGTHENING AND DEVELOPMENT
(31) UNIVERSITY OF CALIFORNIA SAN DIEGO9500 GILMAN DR
LA JOLLA,CA92093 		95-2872494 115 304,039       INSTITUTION STRENGTHENING AND DEVELOPMENT
(32) UNIVERSITY OF CINCINNATIPO BOX 691031
CINCINNATI,OH45269 		31-0896555 115 289,320       INSTITUTION STRENGTHENING AND DEVELOPMENT
(33) UNIVERSITY OF COLORADO BOULDERSPON PROJ ACCTG
BOULDER,CO803090574 		84-6000555 115 105,758       INSTITUTION STRENGTHENING AND DEVELOPMENT
(34) UNIVERSITY OF CONNECTICUT438 WHITNEY RE EXT
STORRS,CT062691133 		06-0772160 115 530,051       INSTITUTION STRENGTHENING AND DEVELOPMENT
(35) UNIVERSITY OF FLORIDAPO BOX 113001
BOX 16
GAINESVILLE,FL32611 		59-1867557 115 329,616       INSTITUTION STRENGTHENING AND DEVELOPMENT
(36) UNIVERSITY OF HAWAII2530 DOLE STREET
HONOLULU,HI96822 		99-6000354 115 89,375       INSTITUTION STRENGTHENING AND DEVELOPMENT
(37) UNIVERSITY OF MASSACHUSETTS BOSTON100 MORRISSEY BLVD
BOSTON,MA02125 		04-3167352 115 70,488       INSTITUTION STRENGTHENING AND DEVELOPMENT
(38) UNIVERSITY OF NEBRASKA - LINCOLN312N 14TH ALEX WEST
LINCOLN,NE68588 		27-1324754 115 73,918       INSTITUTION STRENGTHENING AND DEVELOPMENT
(39) UNIVERSITY OF PITTSBURGH3100 CATH OF LEARNING
PITTSBURGH,PA15260 		25-0965591 115 10,902       INSTITUTION STRENGTHENING AND DEVELOPMENT
(40) UNIVERSITY OF SAN DIEGO5998 ALCALA PARK
SAN DIEGO,CA92110 		95-2544535 115 178,938       INSTITUTION STRENGTHENING AND DEVELOPMENT
(41) UNIVERSITY OF SOUTHERN MAINEPO BOX 9300
PORTLAND,ME04104 		01-6000769 115 137,349       INSTITUTION STRENGTHENING AND DEVELOPMENT
(42) UNIVERSITY OF TEXAS AT EL PASOOFC OF CONT GNT
EL PASO,TX79968 		74-6000813 115 388,202       INSTITUTION STRENGTHENING AND DEVELOPMENT
(43) University of Texas at San Antonio1 UTSA Circle
San Antonio,TX78249 		74-1977996 115 215,805       INSTITUTION STRENGTHENING AND DEVELOPMENT
(44) UTAH STATE UNIVERSITY400 OLD MAIN HILL
SUITE 428
LOGAN,UT843222400 		87-6000528 115 38,953       INSTITUTION STRENGTHENING AND DEVELOPMENT
(45) VIRGINIA POLYTECHNIC INST & STATE UNIV1880 PRAATT DR
BLACKSBURG,VA24060 		54-6001805 501(c)(3) 790,134       INSTITUTION STRENGTHENING AND DEVELOPMENT
(46) WASHTENAW COMMUNITY COLLEGE4800 E HURON RIVER DR
ANN ARBOR,MI48105 		38-2575395 115 82,035       INSTITUTION STRENGTHENING AND DEVELOPMENT
(47) WESTERN ILLINOIS UNIVERSITYONE UNIVERSITY CIR
MACOMB,IL614551390 		37-0910458 115 165,941       INSTITUTION STRENGTHENING AND DEVELOPMENT
(48) WILLIAM DAVIDSON INSTITUTE724 E UNIV AVE
108 DATE BLDG 0631-C
ANN ARBOR,MI481091234 		38-3048086 501(c)(3) 165,219       INSTITUTION STRENGTHENING AND DEVELOPMENT
(49) Youth Build International58 DAY STREET
SOMERVILLE,MA02144 		22-3076454 501(c)(3) 57,158       INSTITUTION STRENGTHENING AND DEVELOPMENT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
49
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
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 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 AND 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 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'S 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 THE TIME NEEDED 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) 2011


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
2011
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 or provision 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. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
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 Regulations 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) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is 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) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(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 as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) BROAD MARGARET C (i)
(ii)		 435,332
0 		46,350
0 		37,905
0 		69,400
0 		221,211
0 		810,198
0 		0
0
(2) HARTLE TERRY (i)
(ii)		 295,942
0 		0
0 		20,027
0 		59,400
0 		76,054
0 		451,423
0 		0
0
(3) PIPPINS SHIRLEY (i)
(ii)		 168,096
0 		0
0 		53,634
0 		23,191
0 		50,836
0 		295,757
0 		0
0
(4) TOMITZ JEFFREY A (i)
(ii)		 188,089
0 		0
0 		38,672
0 		26,701
0 		49,025
0 		302,487
0 		0
0
(5) BABBY ELLEN (i)
(ii)		 198,562
0 		0
0 		38,062
0 		27,917
0 		51,003
0 		315,544
0 		0
0
(6) FREEMAN KARA (i)
(ii)		 205,737
0 		0
0 		10,911
0 		26,051
0 		46,334
0 		289,033
0 		0
0
(7) MELOY ADA (i)
(ii)		 220,088
0 		0
0 		37,131
0 		28,833
0 		56,974
0 		343,026
0 		0
0
(8) VAN UMMERSEN CLAIRE (i)
(ii)		 168,688
0 		0
0 		40,445
0 		22,262
0 		47,259
0 		278,654
0 		0
0
(9) TIMMONS BECKY (i)
(ii)		 200,396
0 		0
0 		5,566
0 		24,624
0 		43,953
0 		274,539
0 		0
0
(10) MCDONOUGH TIMOTHY (i)
(ii)		 240,963
0 		0
0 		19,762
0 		29,400
0 		57,680
0 		347,805
0 		0
0
(11) KING JACQUELINE (i)
(ii)		 96,890
0 		0
0 		40,529
0 		15,714
0 		30,182
0 		183,315
0 		0
0
(12) BATAILLE GRETCHEN (i)
(ii)		 151,666
0 		0
0 		7,139
0 		0
0 		52,982
0 		211,787
0 		0
0
(13) CORNICK TULLY (i)
(ii)		 127,503
0 		0
0 		39,052
0 		21,472
0 		34,006
0 		222,033
0 		0
0
(14) CORDOVA DIANA (i)
(ii)		 133,838
0 		0
0 		17,436
0 		17,015
0 		33,228
0 		201,517
0 		0
0
(15) MORRIS STEPHANIE (i)
(ii)		 135,751
0 		0
0 		16,571
0 		18,398
0 		32,484
0 		203,204
0 		0
0

Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 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: MADELEINE GREEN, $119,083
RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A IRC SECTION 457(F) PLAN. THE AMOUNT PAID DURING THE YEAR WAS AS FOLLOWS: SHIRLEY PIPPINS, $19,280 THE FOLLOWING EMPLOYEES PARTICIPATED IN A IRC SECTION 457(F) PLAN. THE AMOUNT OF DEFERRAL DURING THE YEAR WAS AS FOLLOWS: MARGARET BROAD, $40,000 TERRY HARTLE, $30,000
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 $2,380 TO THE COSMOS CLUB ON BEHALF OF MARGARET C. BROAD, THE PRESIDENT OF ACE AND IT IS CONSIDERED A WORKING CONDITION FRINGE.
Schedule J (Form 990) 2011

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
2011
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) 2011
Schedule L (Form 990 or 990-EZ) 2011
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 2,100,638 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 SONYA WILLIAMS, ASSISTANT VICE PRESIDENT OF HUMAN RESOURCES AT AMERICAN COUNCIL ON EDUCATION WAS ON THE BOARD OF AMHIC. ACE PAID $2,100,638.10 IN INSURANCE PREMIUMS TO AMHIC IN THE FISCAL YEAR.
Schedule L (Form 990 or 990-EZ) 2011

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
2011
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)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash 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   2,750,000 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
 
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 noncash
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) 2011
Schedule M (Form 990) 2011
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule M (Form 990) 2011
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
2011
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 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.
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). . ACE'S COMPENSATION PRACTICE IS BASED ON COMPENSATING EMPLOYEES AT SALARIES SUFFICIENT TO ENCOURAGE OPTIMAL PERFORMANCE, MAINTAINING MARKET COMPETITIVENESS NECESSARY TO RECRUIT, RETAIN AND DEVELOP A HIGH PERFORMING WORKFORCE, AND SETTING SALARIES THAT ARE WITHIN SALARY RANGE GUIDELINES BASED ON THE MARKET. IN ADDITION, ACE HAS AN EXECUTIVE INCENTIVE COMPENSATION PLAN FOR EXECUTIVE STAFF THAT ALLOWS FOR INCENTIVE PAYMENTS OF UP TO 8 OR 10 PERCENT AT THE END OF THE FISCAL YEAR. PERFORMANCE FACTORS USED AS CRITERIA TO DETERMINE PAYOUT OF THE INCENTIVE PROGRAM ARE ACE ACHIEVING ITS OVERARCHING STRATEGIC PRIORITIES, THE EXECUTIVE ACHIEVING DEPARTMENTAL PERFORMANCE OBJECTIVES AND THE EXECUTIVE ACHIEVING INDIVIDUAL GOALS FOR THE FISCAL YEAR. IMPLEMENTED EFFECTIVE FOR FISCAL YEAR ENDING SEPTEMBER 30, 2012. FIRST EXECUTIVE INCENTIVE PAYMENTS MADE IN CALENDAR YEAR 2012. OTHER OFFICERS - SENIOR VICE PRESIDENT, DIVISION OF GOVERNMENT AND PUBLIC AFFAIRS SENIOR VICE PRESIDENT, PROGRAMS AND SERVICES CHIEF FINANCIAL OFFICER, TREASURER KEY EMPLOYEES - 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
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 5,684,991 POSTRETIREMENT CHANGE 144,261 GAIN ON INTEREST RATE SWAP 94,041 ---------- TOTAL CHANGES IN NET ASSETS 5,923,293
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

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
2011
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) 2011
Schedule R (Form 990) 2011
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) 2011
Schedule R (Form 990) 2011
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 related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
 
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
 
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
 
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
 
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
 
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
 
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
 
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
 
 
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
 
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
 
r Other transfer of cash or property from related 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) 2011
Schedule R (Form 990) 2011
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)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(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 Yes No
(1) GED TESTING SERVICE LLC

5601 GREEN VAL DR 220BLOOMINGTON,MN55437
27-5436001 		TESTING PROGRAM DE RELATED
 
No
 4,390,092 4,804,910
 
No
  
 
No
 30.000 %






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
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


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