acics 2010 annual report

At ACICS we believe in the power of education to trans-

form lives. Our mission is to advance educational excel-

lence at the schools we accredit in the United States and

abroad. We remain committed to the power of education

in overcoming obstacles, reinforcing best practices, and

helping students realize their goals. In a year that brought

economic and public policy challenges to ACICS-accred-

ited institutions and more than 800,000 students they

serve, the commitment to mission became even more

critical. ACICS has taken steps to work with the academic

community, regulators, and policymakers to ensure qual-

ity education and career access for students across the

nation and the world.

2010 was a year focused on strategic priorities, includ-

ing enhancing the accreditation process, improving the

image and reputation of the organization, strengthening

the corps of volunteer evaluators, and growing member-

ship. This report is dedicated to the women and men

who have harnessed the power of accredited education

to transform their lives and improve the outlook of their

families and communities in a time of economic challenge

and high expectations.

Accrediting Council for Independent Colleges and Schools

2010 Annual Report

Educational Excellence and the Power to Transform Lives

Th e mission of the Accrediting Council for Independent

Colleges and Schools is to advance educational excellence

at independent, nonpublic career schools, colleges, and

organizations in the United States and abroad. Th is is

achieved through a deliberate and thorough accreditation

process of quality assurance and enhancement as well as

ethical business and educational practices.

Executive Message

2

Enhancing ACICS Accreditation

4

Maintaining a Strong Organization

9

Expanding the ACICS Reputation

16

Financials

19

ACICS-Accredited Institutions

33

2 2010 was a year of adjustment for ACICS, fi lled with

shifting opinions about the eff ectiveness of career-focused

education and questions about the role of accreditation.

ACICS has been active in this discussion, restoring the faith

of those who might waver, and defending our solid belief

that accredited career education is valuable and worthy of

investment. Our devotion to mission has allowed ACICS to

serve our membership more effi ciently, and to eff ectively en-

dure the political climate. ACICS has taken a closer look at

how students are fulfi lling the needs of the workforce, how

our institutions are impacting the culture, and how ACICS

is helping to ensure the quality of education. Showcased

within this report are two examples of students achieving

their career goals because of strong academic experiences

at ACICS-accredited schools. Read their stories on pages 8

and 15.

ACICS-accredited institutions are contributing to our

nation’s workforce in record numbers. In the past year, more

than 100,000 students enrolled in allied health programs,

completing important training for the needs of the commu-

nity. ACICS schools are adding programs in fast growing

fi elds, such as environmental technology and esthetics. Our

nation is at an important crossroads and the challenges are

many and varied. ACICS is proud that our schools are ris-

ing to meet those challenges.

Implementing the strategic plan has focused energy on

the ACICS mission. We have enhanced the accreditation

process through an upgrade in technology. Th e new tech-

nologies have streamlined ACICS services in a way that has

impressed and inspired member institutions. Applications

used most often (new programs, program modifi cations,

change of name and location) can be purchased and upload-

ed through the ACICS secure member portal. Th e ACICS

Directory of Institutions has been integrated with the in-

house database; now our member information is searchable,

ACICS’ Role in Student Success

Executive Message

3more detailed, and updated in real-time. Levels of com-

munication with the ACICS membership have improved

signifi cantly, in volume and in method. Our electronic com-

munications are more widespread and user-friendly, includ-

ing the Evaluator Newsletter, the Executive Director’s Update,

Key Operating Statistics, and the Annual Report.

ACICS retooled internal processes in 2010 so that mem-

ber requests receive more comprehensive, effi cient responses.

One important innovation is the procedure and policy

supporting the “distributed enterprise,” a new classifi cation

of institution that will allow school systems with multiple

campuses but common ownership and curricula to experi-

ence a more quality-focused evaluation process, all while

maintaining rigorous standards and expectations.

ACICS worked to improve the awareness and under-

standing of our organization in 2010. We improved the

navigation and appearance of our most prominent branding

tool, the ACICS website, so that both current and pro-

spective constituencies can better access ACICS resources

regarding knowledge of accreditation and the career educa-

tion enterprise.

Expectations and accountability drove the eff orts and

agenda for ACICS in 2010, prompting us to be more ef-

fective in policy formation, technology utilization, commu-

nications, and member services. Th e challenges will make

ACICS stronger and more resilient in the future, a future

that holds great promise for our schools and the women and

men they educate.

Executive Director, Dr. Albert C. Gray and

Chair, Board of Directors, Mr. Matthew Johnston

4

ACICS put core beliefs into action in 2010 by reviewing and sharp-ening the accreditation process. The endeavor required a com-prehensive examination and purposeful decisions. The Council continued the practice of systematically reviewing the Accredita-tion Criteria. Staff examined the roles technology, communication, and campus system models play in the accreditation process. A third-party performance audit of the accreditation program was commissioned. These and other decisive actions enabled ACICS to weather scrutiny and emerge as an organization well-positioned for the future.

Enhancing ACICS

Accreditation

5Information TechnologyEff ective accreditation requires

technical and detailed reviews of

school operations, records, fi les, and

practices. ACICS gathers and reviews

hundreds of fi les. Th is due diligence

allows ACICS to ensure fi rst-hand

that students are receiving the high-

est quality of education possible. Th e

ACICS electronic records system

enables record storage and retrieval to

be effi cient, instantaneous, and accu-

rate. It puts information in the hands

of peer evaluators when it is needed.

Th e ACICS e-commerce site

added four new applications in 2010.

Member institutions can now log in

to complete transactions for change

of location, change of name, change

of ownership, and approval of non-

credit, short-term programs. Th e

enhancements add functionality to

the platform launched in 2009, which

made available electronic applications

for new and initial grants of accredi-

tation.

Beginning with the 2010 win-

ter cycle, all institutional self-study

documentation for new grants and

initial applicants was submitted

electronically. Th e format of visit

information was enhanced, as well as

the format used to send information

to the evaluation team. Th rough the

click of a button, documents can be

combined into one electronic docu-

ment and then sent to evaluation

team members electronically.

Th e Directory of Institutions, a

static document, was replaced with

an online searchable module. Because

this feature is linked to the ACICS

database, changes are refl ected on

www.acics.org the moment they are

made in the database. Users can now

search by multiple criteria, such as a

particular program in a specifi c geo-

graphic area.

ACICS’ accreditation management

system was upgraded to enhance

functionalities that enable staff to

support members. Th e enhance-

In 2010, ACICS launched its social networking presence with Twitter. Institutions are encouraged to join the current 176 followers at http://twitter.com/acicsaccredits.

FOLLOW ACICS ON TWITTER

Did you know? • The time it now takes for users to send a billion Tweets = 1 week • The average number of Tweets people sent per day, in 2010 = 50 million

6 ments provided the online directory

and an increase in viewable program

information for members, as well as

integration of desktop applications.

Communications with InstitutionsIncreased attention on the career

college sector made it critical for the

Council to keep members informed

of current events. Th e Executive Di-

rector Update, an electronic newsletter

with a new design provided timely

information about activities on Capi-

tol Hill, the latest Council actions, as

well as updates on other topics.

Special webinars were hosted to

inform members of current happen-

ings and to allow school personnel

the opportunity to ask questions.

One webinar focused exclusively on

the hearings on Capitol Hill and the

Government Accountability Offi ce

(GAO) report.

Improved ProcessesTo improve the core accreditation

process, ACICS includes in-service

training for accreditation staff and

evaluators on student relations stan-

dards, citations, inquiries, and revi-

sions to site visit evaluation templates

and questionnaires. Th e Policies and

Procedures Manual is updated period-

ically and shared with staff to fortify

their knowledge and mastery of core

processes and policies.

In 2010, ACICS commissioned

a comprehensive third-party per-

formance audit in order to identify

defi ciencies of the core enterprise

relative to the expectations and

requirements of students, employers,

and policy makers. Th e audit fi rm in-

terviewed key stakeholders, reviewed

site evaluation visits, and observed

Intermediate Review Committee and

7Council meetings. A fi nal report and

recommendations will be applied to

the Council’s strategic planning and

self-improvement agenda for 2011 –

2012.

Scalable Education Delivery AccreditationACICS develops, applies and adjusts

methods and standards of accredi-

tation to better fi t the innovative

structures and operations of member

colleges and schools. In order to bet-

ter align standards and practices with

new and emerging organizational

models, the Council began develop-

ing new standards and procedures to

ensure the quality of the “distributed

enterprise.” Th e Council drafted a

series of reforms that will benefi t

not only multi-campus systems, but

enhance procedures and reviews for

smaller institutions as well.

Th e distributed enterprise is

defi ned as an institution that pro-

vides programs at multiple campuses

within a system that ensures clearly

identifi ed academic control, regular

evaluation of all locations, adequate

faculty, facilities, resources, and aca-

demic and student support systems,

as well as fi nancial stability, and long-

range planning for expansion.

Th e administrative system must

be well established with a minimum

number of campuses and accredited

for a minimum number of years.

Th e “distributed enterprise” model

recognized that a high degree of cen-

tralized control at the main campus

or corporate headquarters creates the

opportunity to assure quality, consis-

tency, and accountability throughout

the system. With verifi cation of cen-

tralized academic and administrative

control, visiting every branch campus

or learning site each accreditation

cycle may not be necessary.

The current scope of recognition by the U.S. Department of Education includes private postsecondary institutions “off ering associate’s, bach-elor’s, or master’s degrees in programs designed to educate students for professional, technical, or occupational careers, including those that off er those programs via distance education.” ACICS has request-ed an expansion of the scope to include doctoral level programs. In preparation for this request, the Council reviewed the Criteria and proposed modifi cations that would strengthen and clarify doctoral program standards.

EXPANSION OF SCOPE

8 Before attending National College, Lexington, Jennifer Berry was driving a forklift. Though the work was hard, it was a lucrative career – or so she thought.

“I worked for Delphi for 13 years, then my plant shut down,” she says wistfully. Jennifer visited her local One Stop, which provided her with a list of eli-gible colleges where she could earn an associate’s degree in health informa-

tion technology (HIT) and join one of the fastest-growing career

fi elds in the country. After visiting three colleges, she

chose National College.

Jenny is a graduate with a certifi cation as

a Registered Health Information Techni-cian (RHIT).

National College’s Workforce Develop-

of the fastest-growingfi elds in the country

visiting three collechose National C

Jenny is a gradwith a certifi c

a RegisteredInformationcian (RHIT).

National CoWorkforce D

ment Grant provided Jenny with more than $5,000 toward her education, supplementing government funding she received through the Trade Act and Workforce Investment Act. This allowed her to complete her program debt-free. Immediately after gradu-ation, she received job off ers from a chiropractor, a surgeon, and a large re-gional medical center. With her pick of working environments, she chose the hospital due to its excellent pay and benefi ts and wide range of possibilities it off ered her for advancement.

Because the HIT program is fully ac-credited Jenny was able to sit for the RHIT examination, which she passed on her fi rst attempt. “Now, that’s a require-ment to be a coder,” she points out.

Today, Jenny is excited about her new career and is looking positively toward her future. She is an active member of her local chapter of the American Health Information Management Asso-ciation (AHIMA). She plans to continue her education in the HIT fi eld, obtain-ing a bachelor’s degree and additional industry certifi cations to enable her to move into a management position. “I don’t want to stop now, it’s in my blood.”

Jenny is one of hundreds of workforce development success stories who have found promising new futures through focused career education.

“I don’t want to stop now, it’s in my blood.”

Jennifer BerryNational College, Roanoke, Virginia

9Maintaininga StrongOrganization

Schools accredited by ACICS consist of private postsecondary insti-tutions off ering certifi cates or diplomas, associate’s, bachelor’s, or master’s degrees that provide education in professional, technical, and occupational careers. These institutions are spread throughout 45 states, the District of Columbia, Puerto Rico, and eight foreign countries. More than 250 schools inquired about accreditation with ACICS in 2010. The number of colleges and schools accredited by ACICS grew to 871. The growth refl ects ACICS’ commitment to high standards.

10

Because the quality of an institution and its programs are vital to student success,

schools accredited by ACICS are required to meet and maintain high standards

of faculty qualifi cations, student retention, and student placement. High standards

and explicit, prescriptive criteria create a quality review process that confers grants

of accreditation on a select few institutions.

2,804*

CAREER COLLEGES OPERATED IN THE

UNITED STATES(* approximate)

260 INSTITUTIONS

INQUIRIED ABOUT ACICS ACCREDITATION

(yearly averge = 150)

56 SCHOOLS WERE

FOUND ELIGIBLE TO SUBMIT INITIAL APPLICATIONS

168 NEW GRANT

APPLICATIONS WERE FILED

319 DISTANCE EDUCATION

APPLICATIONS WERE FILED

(includes same program, multiple campuses)

In 2010

11

ACICS-accredited institutions off er hundreds of professional and technical skills

programs in a variety of disciplines, including accounting, business administra-

tion, management, computer operations, paralegal, culinary arts, graphic arts,

nursing, allied health, electronics, and many others.

319 NEW PROGRAM APPLICATIONS

(includes same program, multiple campuses)

30-45 AVERAGE NUMBER

OF DAYS TO PROCESS PROGRAM REVISIONS

1,012 BUSINESS ADMINISTRATION AND MANAGEMENT

661 MEDICAL/CLINICAL ASSISTANT

572 CRIMINAL JUSTICE/LAW ENFORCEMENT

521 ACCOUNTING

409 LEGAL ASSISTANT/PARALEGAL

304 COMPUTER SYSTEMS NETWORKING/ TELECOMMUNICATIONS

298 MASSAGE THERAPY

294 MEDICAL OFFICE ASSISTANT

285 ADMINISTRATIVE ASSISTANT

267 MEDICAL ADMINISTRATIVE ASSISTANT

Top Programs by Number

12

Apollo College, Albuquerque, New MexicoApollo College, Las Vegas, NevadaApollo College, Mesa, ArizonaApollo College, Phoenix, ArizonaApollo College, Phoenix, ArizonaApollo College, Tucson, ArizonaCalifornia University of Management and Sciences, Anaheim, CaliforniaCope Institute, New York, New YorkDouglas Education Center, Monessen, PennsylvaniaEverest Institute, Pittsburgh, PennsylvaniaEverest University – Brandon, Tampa, FloridaEverest University – Orange Park, Orange Park, FloridaEverest University – Tampa, Tampa, FloridaEverest University, Pompano Beach, Florida Florida Technical College, Deland, FloridaHarris School of Business, Cherry Hill, New JerseyITT Technical Institute, Albuquerque, New MexicoITT Technical Institute, Cordova, TennesseeITT Technical Institute, Earth City, Missouri

Each year the Council recognizes institutions that have demonstrated an excellent understanding of accreditation standards and expectations. The following schools were recognized during the 2010 Leadership Conference and Annual Meeting.

Honor Roll Institutions

ITT Technical Institute, Hilliard, OhioITT Technical Institute, Omaha, NebraskaITT Technical Institute, Orland Park, IllinoisITT Technical Institute, Portland, OregonITT Technical Institute, Seattle, WashingtonITT Technical Institute, Swartz Creek, MichiganITT Technical Institute, Tulsa, OklahomaITT Technical Institute, Warrensville Heights, OhioKaplan College, Bakersfi eld, CaliforniaKaplan College, Sacramento, CaliforniaRidley-Lowell Business and Technical Institute, Binghamton, New YorkSouthwestern College, Cincinnati, OhioSouthwestern College, Dayton, OhioSouthwestern College, Florence, KentuckySouthwestern College, Franklin, OhioStautzenberger College, Brecksville, OhioVet Tech Institute of Houston, Houston, TexasWestwood College, Los Angeles, California

13

Evaluator of the YearDr. George Fakhoury, MD, DORCP, CMA, RMADr. Fakhoury joined ACICS in 2005 and

received site visit Chair training in 2009.

Dr. Fakhoury participates in evaluating

healthcare programs for many colleges.

Student Relations Evaluator of the YearEdgar Hamilton Krissler

An element of the accreditation process is the the cadre of the dedicated profession-al peer evaluators. The Council recognized three outstanding volunteers at the 2010 Leadership Conference and Annual Meeting. The Evaluators of the Year refl ect the endorsements and accolades of their peer evaluators, site team chairs, and ACICS staff .

Evaluator Chair of the YearThomas B. Duff , Ph.D.Dr. Duff made his fi rst visit as an evalu-

ator in 1986 at Capital City Junior Col-

lege in Little Rock, Arkansas and he has

come to serve as an evaluator on more

than 120 school visits.

Evaluators

2010 Evaluators of the Year

Mr. Krissler has served on 250 evaluation

visits since 1985. He has also served on 24

Intermediate Review Committees.

14

Matthew A. Johnston, ChairPresident Santa Barbara Business College

Dr. Gary R. Carlson, Chair-Elect PresidentgCarlson Inc.

Dr. John Kushner, TreasurerVice President for Academic Aff airsDetroit College of Business (Retired)

Mr. Edwin ColónVice President of OperationsPinnacle Career Institute System Administration

Ms. Jill DeAtleyVice President of Regulatory ReviewCareer Education Corporation

Mr. Francis GiglioVice President of Compliance and Regulatory ServicesLincoln Educational Services

Ms. Jeanne HerrmannChief Operating Offi cerGlobe University/Minnesota School of Business

Mr. Eric Juhlin Chief Executive Offi cer Central Texas Commercial College

Dr. Lawrence LeakFormer Interim Provost and Chief Academic Offi cerUniversity of Maryland University College (Retired)

Dr. Jane LegacyAssociate Professor - Technology, LeadershipSouthern New Hampshire University

Mr. David M. LuceAssistant Vice President, Accreditation and LicensingCorinthian Colleges, Inc.

Dr. Jamie MorleyChief Academic and Compliance Offi cerUniversity of Antelope Valley

Mr. Brian StewartPresident/Chief Executive Offi cer Bryan College

Mr. Roger Swartzwelder Executive Vice President, General Counsel and Chief Compliance Offi cerEducation Corporation of America

ACICS Leadership

2010 Council Members

15In 2010, Michelle Caylor received her Bachelor of Science degree in Busi-ness Management with a Human Resources emphasis. Her journey was long and fi lled with obstacles but on the evening of her graduation, she recalled the moment she decided to move her life forward.

With a 6-month old son, follow-ing high school graduation she made choices that would take her on vari-ous paths of uncertainty which led to many dead ends, failures, and disrup-tions of life. Uncertain about what she wanted to do in life, years passed and her life remained constant and full of disappointments. One morning seven years ago, she realized priori-ties were not what they should be and she began a journey for a new beginning.

She enrolled in the Minnesota School of Business where she studied methods of management, problem-solving and developed practical skills of communication and leadership. Michelle received recognition in her education for excellent academics and perfect attendance.

Refl ecting on her journey, Mi-chelle acknowledges “This was not a journey without its challenges.” She credits her success to drive, determi-nation, and desire. She also recog-

nizes the value of the guidance and support of the MSB staff and faculty, “thank you for always keeping me on the right path…my path to certainty.”

Michelle is the Senior Executive Assistant for the CEO of a major agri-culture company and plans to pursue a Masters in Business Administration and will continue to work in the agri-culture industry.

“This was not a journey without its challenges.”

Michelle CaylorMinnesota School of Business

16

Expandingthe ACICSReputation

ACICS’s historical legacy is a solid foundation for advancing the brand in the 21st century. ACICS remains committed to engaging stakeholders and sharing the distinguished story. The value and strength of ACICS standards and institutions — demonstrated with images and messages — help communicate eff ectively. Launched in 2009 to fortify the value and profi le of ACICS, the strategic com-munications initiative was essential to navigating the complex issues of 2010. ACICS executed the communications initiative through eff ective use of print and online communications, as well as outreach to the news media.

17Web siteA valuable communications tool,

www.acics.org not only serves as a

rich source of information but also

helps maintain the reputation as a

leader on accreditation. Launched

in mid-September, the redesigned

homepage and landing pages added

interactive features, dedicated sec-

tions for timely information, and

links to social networking media – all

making key information more acces-

sible to students, policy makers and

news media.

“News and Alerts” provides

postings on current aff airs, such

as ACICS responses to legislative

events as well as positive news about

member institutions. Integration with

the database allows the Web site to

display the Directory of Institutions

as a searchable entity. Enhancements

in 2010 added social networking

capacity through an ACICS presence

on Twitter. Members are encouraged

to follow ACICS on Twitter to keep

abreast of current events. ACICS

applied a search engine optimization

tool to monitor web usage patterns

and determine which sections re-

quired more attention.

Media OutreachWhen accomplished with appropri-

ate rigor and diligence accreditation

is typically a mundane non-contro-

versial art and science, generating

little scrutiny or interest outside of

the higher education community.

When the practices and performance

of career colleges and schools are

under critical review by parties with

18 political, news media and regulatory

interests, however, the credibility of

accreditors suddenly becomes a seri-

ous related topic.

A primary goal of the Council’s

strategic communications initiative

is to educate the public about the

strength and value of schools accred-

ited by ACICS. Th e eff ort includes

heightening public awareness of the

broader career college sector while

dispelling numerous myths and mis-

information. To be eff ective in raising

the public awareness and providing

accurate information, media outreach

plays a vital role.

During 2010, ACICS focus on

media relations resulted in suc-

cessfully placing an op-ed piece on

proposed Department of Education

regulations in the Chronicle of Higher

Education. ACICS also conducted di-

rect outreach to all trade and general

assignment reporters covering the

Committee hearings on Capitol Hill

and Department of Education pub-

lic forums on gainful employment

regulations. Th e outreach resulted in

enhanced strategic relationships with

sector reporters, including writers for

Good Housekeeping Magazine, PBS

Frontline Program, Pro-Publica, Wall

Street Journal, Bloomberg, Chronicle of

Higher Education, Inside Higher Ed,

and the Washington Post. Th e activ-

ity created opportunities to further

educate writers about the degree of

scrutiny currently applied to occu-

pational placement performance by

ACICS.

Unsolicited media attention

required heightened vigilance and

greater responsiveness by ACICS.

A healthy aspect of that attention

was greater transparency of process,

stronger articulation of what the

agency does to assure quality, and

how it accomplishes its review of

institutional integrity. Th e need to be

more pro-active in telling the story of

ACICS, its member institutions and

the students they serve was rein-

forced and formalized in 2010. Re-

sources and expertise to achieve that

intensity of communications were

garnered, enlisted and deployed. Th ey

become an integral part of ACICS’

institutional support infrastructure

going into 2011.

Financial Statementsand

Independent Auditor’s ReportJune 30, 2010

20

INDEPENDENT AUDITOR’S REPORT

Board of Directors Accrediting Council for Independent Colleges and Schools

We have audited the accompanying balance sheet of the Accrediting Council for Inde-pendent Colleges and Schools (ACICS) as of June 30, 2010, and the related statements of activities and changes in net assets and cash fl ows for the year then ended. Th ese fi nancial statements are the responsibility of ACICS’ management. Our responsibility is to express an opinion on these fi nancial statements based on our audit. Th e prior year summarized comparative balance sheet has been derived from ACICS’ 2009 balance sheet and, in our report dated December 1, 2009, we expressed an unqualifi ed opinion on those fi nancial statements.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Th ose standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free of mate-rial misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by management, as well as evaluating the overall fi nancial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the June 30, 2010 fi nancial statements referred to above present fairly, in all material respects, the fi nancial position of the Accrediting Council for Independent Colleges and Schools as of June 30, 2010, and the change in its net assets and its cash fl ows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

STOKES & COMPANY, P.C. Washington, D.C.

November 9, 2010

STOKES & COMPANY PC

21

2010 2009

ASSETS

CURRENT ASSETS

Cash and cash equivalents $ 879,602 $ 61,972

Accounts receivable, net 921,834 1,351,179

Prepaid expenses 117,216 120,728

Total current assets 1,918,652 1,533,879

INVESTMENTS 9,171,169 7,981,136

PROPERTY AND EQUIPMENT, net 2,534,471 2,850,812

OTHER ASSETS

Deposits 11,273 11,273

Total assets $ 13,635,565 $ 12,377,100

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES

Accounts payable $ 735,496 $ 868,490

Accrued expenses

Salaries 129, 288 113,144

Vacation 135, 042 104,763

Pension 235,783 186,333

Other accrued expenses 13,500 11,628

Deferred revenue 82,573

Note payable, current portion 235,685 309,013

Total current liabilities 1,567,367 1,593,371

LONG TERM LIABILITIES

Note payable, non-current portion 292,858

Accrued rent, non-current portion 175,589 145,376

Total long term liabilities 175,589 438,234

Total liabilities 1,742,956 2,031,605

NET ASSETS

Unrestricted 11,892,609 10,345,495

Total liabilities and net assets $ 13,635,565 $ 12,377,100

Th e accompanying notes are an integral part of this fi nancial statement.

ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLSBalance Sheet June 30, 2010

With comparative totals for June 30, 2009

22

SUPPORT AND REVENUE

Sustaining fees $ 3,889,698

Accreditation visits 2,899,446

User fees 2,999,093

Workshop registration fees 358,500

Investment income 744,398

Other revenue 39,736

Total support and revenue 10,930,871

EXPENSES

Program services

Accreditation expense 6,689,979

Education 170,162

Supporting services

Management and general 2,523,616

Total expenses 9,383,757

Change in net assets 1,547,114

NET ASSETS at beginning of year 10,345,495

NET ASSETS at end of year $ 11,892,609


ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS Statement of Activities and Changes in Net Assets Year Ended June 30, 2010

23

CASH FLOWS FROM OPERATING ACTIVITIES

Fees received $ 10,658,655

Other revenue received 39,736

Investment income received 318,681

Payments to vendors and suppliers (8,646,230)

NET CASH PROVIDED BY OPERATING ACTIVITIES 2,370,842

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of property and equipment (422,710)

Proceeds from sale of property and equipment -

Purchases of investments (5,779,941)

Proceeds from sale of investments 5,015,625

NET CASH USED BY INVESTING ACTIVITIES (1,187,026)

CASH FLOWS FROM FINANCING ACTIVITIES

Payments on note payable (366,186)

NET INCREASE IN CASH AND CASH EQUIVALENTS 817,630

CASH AND CASH EQUIVALENTS at beginning of year 61,972

CASH AND CASH EQUIVALENTS at end of year $ 879,602

RECONCILIATION OF CHANGE IN NET ASSETS TO NET

CASH PROVIDED BY OPERATING ACTIVITIES

Change in net assets $ 1,547,114

Adjustments

Net unrealized and realized gains/losses (425,717)

Depreciation 739,051

(Increase) decrease in assets

Accounts receivable 429,345

Prepaid expenses 3,512

Increase (decrease) in liabilities

Accounts payable (132,994)

Accrued expenses

Salaries 16,144

Vacation 30,279

Pension 49,450

Other accrued expenses 1,872

Deferred revenue 82,573

Accrued rent 30,213

NET CASH PROVIDED BY OPERATING ACTIVITIES

$ 2,370,842


ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS Statement of Cash Flows Year Ended June 30, 2010

24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Financial statement presentation follows accounting principles generally accepted in the United States of America in relation to net asset classifi cation. Th e organization is required to report information regarding its fi nancial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets. Th ere are no temporarily or permanently restricted net assets at June 30, 2010.

Cash and cash equivalents

ACICS considers all short-term, highly liquid investments with initial maturities of three months or less to be cash equivalents. Since all such cash equivalents are contained in its investment portfolio and are not used in current operations, they are reported as investments.

Investments

ACICS invests in a professionally managed portfolio. All investments are carried at fair value. Such investments are exposed to various risks such as market and credit. Due to the level of risk associated with such investments, and the level of uncertainty related to changes in the value of such investments, it is at least reasonably possible that changes in risk in the near term could materially aff ect investment balances and the amounts reported in the fi nancial statements. Realized and unrealized gains and losses are reported as investment income in the statement of activities and changes in net assets.

Property and equipment

Property and equipment are recorded at cost. All acquisitions in excess of $1,000 are capitalized. Depreciation is provided on a straight-line basis over the estimated useful lives of the assets. Artwork is not considered a collection and is a non-depreciable asset. Property and equipment are reviewed for impairment whenever changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Th e cost of property and equipment retired or disposed of is removed from the accounts along with the related accumulated depreciation, and any gain or loss is refl ected in income.

Revenue recognition

Sustaining fees are recognized in the year to which they apply. Sustaining fees received in advance are recorded as deferred revenue and are recognized in subsequent periods when they are earned.

User fees are charged to cover the administrative costs of processing forms and are recognized when the forms have been processed.

Accreditation visit deposits received prior to the on-site visits are recorded as a current liability until the on-site visit has been completed. ACICS utilizes fi xed fee and geographical discount schedules to determine visit billings.

ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLSNotes to Financial StatementsJune 30, 2010

25

SUMMARY OF SIGNIFICANT ACCOUNTING POLIClES (continued)

Revenue recognition (continued)

Accounts receivable includes program related revenue that has not been received as of June 30, 2010. No interest is accrued on receivables. Accounts receivable are stated at unpaid balances, less an allowance for doubtful accounts. At June 30, 2010, the allowance for doubtful accounts amounted to $58,789. ACICS provides for losses on accounts receivable using the allowance method. Th e allowance is based on experience. Receivables are considered impaired if full principal payments are not received in accordance with the contractual terms. It is ACICS’ policy to charge off uncollectible accounts receivable when management determines the receivable will not be collected.

Substantially all receivables are derived from institutions that ACICS accredits. All receivables to these institutions are made on an unsecured basis. Historically, ACICS has not incurred signifi cant credit related losses.

Functional allocation of expenses

Th e costs of providing programs and other activities have been summarized on a functional basis in the statement of activities and changes in net assets. Accordingly, certain costs have been allocated among the programs and supporting services benefi ted.

Use of estimates

Th e preparation of fi nancial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that aff ect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fi nancial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could diff er from those estimates.

Fair value measurement

Accounting principles generally accepted in the United States of America provide a common defi nition of fair value, establish a framework for measure of fair value and expand disclosures about fair value measurements, but do not require any new fair value measurements. All assets and liabilities required to be measured at fair value by these accounting principles have been assessed with the following three-tier hierarchy of inputs:

Level 1 - quoted prices in active markets for identical instruments Level 2 - other signifi cant observable inputs Level 3 - signifi cant unobservable inputs

All assets and liabilities are considered Level 1.

Financial information as of June 30, 2009

Th e fi nancial information as of June 30, 2009 is presented for balance sheet comparative purposes only and is not intended to represent complete fi nancial statement presentation. Certain accounts in the prior fi nancial statements have reclassifi ed for comparative purposes to conform to the presentation in the current period.

Advertising costs

ACICS expenses advertising costs as they are incurred.

ACCREDITlNG COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLSNotes to Financial Statements (continued)June 30, 2010

26

ORGANIZATION AND TAX STATUS

Th e Accrediting Council for Independent Colleges and Schools (ACICS) was founded in 1912 to establish and advance the quality of education of independent, non-public career schools, career institutions, and colleges. ACICS accomplishes these objectives by performing the accreditation function for its members.

ACICS is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code as an organization that is not a private foundation. ACICS is, however, subject to income tax on any net profi ts generated by unrelated business activities as defi ned under the tax laws. To date, ACICS has not engaged in such activities.

Accounting principles generally accepted in the United States of America require that uncertain tax positions be evaluated and the potential impact of unfavorable outcome of a tax authority’s assessment of such uncertain tax position be refl ected in the fi nancial statements. From time to time, management must assess the need to accrue or disclose a possible loss contingency for proposed adjustments from various federal and state tax authorities who may audit the organization in the normal course of business. ACICS has evaluated its tax reporting and has not refl ected any contingent liability for any such potential assessment.

CONCENTRATION OF CREDIT RISK

ACICS maintains its cash balances at one fi nancial institution in the Washington, D.C. area. Th e balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At June 30, 2010, the uninsured balance for all cash accounts was $629,202. Th e Association has never experienced a loss on its cash deposits.

ACICS maintains its investments at one fi nancial institution in the Washington, D.C. area. Th e cash equivalents and certifi cates of deposit held at this institution are insured by the FDIC up to $250,000. At June 30, 2010, there was no uninsured balance for these cash equivalents and certifi cates of deposit. All other investments held in this institution are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000. At June 30, 2010, the uninsured balance for these investments was $8,603,348.

PROPERTY AND EQUIPMENT

Property and equipment as of June 30, 2010 consists of the following:

Furniture and fi xtures $3,603,657

Leasehold improvements 679,088

Artwork 4,006

4,286,751

Less accumulated depreciation and amortization (1,752,280)

$2,534,471

Depreciation and amortization expense was $739,051 for the year ended June 30, 2010.

ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLSNotes to Financial Statements (continued)June 30, 2010

27

INVESTMENTS

Th e fair value of investments as of June 30, 2010 is presented below, along with a summary of investment income earned on investments and cash and cash equivalents for the year then ended.

Common stock $2,354,837

Cash equivalents 67,821

Corporate bond funds 4,960,898

Mutual funds 1,688,250

Commodities 99,363

$9,171,169

Investment income:

Interest and dividends $ 318,681

Realized gains/(losses) (234,016)

Unrealized gains/(losses) 659,733

$ 744.398

COMMITMENTS AND CONTINGENCIES

Operating leases

ACICS leases offi ce space in Washington, D.C., which has a term that expires September 30, 2017. Minimum monthly rent is currently $53,200. Th e total of all rental payments due under the lease are being recognized on a straight-line basis in the statement of activities and changes in net assets. Accordingly, there is a liability recorded for accrued rent equal to the diff erence between the rent expense and the actual cash payments required by the lease.

ACICS also leases equipment under operating leases. Th e copiers have leases that expire August 15, 2010. Th e monthly lease payments are $2,974 and $1,899. Th e postage machine lease expires November 21, 2011. Th is lease is paid in quarterly payments of $3,864. Th e following is a schedule of future minimum lease payments as of June 30, 2010:

2011 $ 668,287

2012 668,674

2013 674,133

2014 687,599

2015 and later 2,329,843

$ 5,028,536

Th e total expense incurred under all operating leases during the year ended June 30, 2010 was $746,167.


28

COMMITMENTS AND CONTINGENCIES (continued)

Contractual

ACICS has contracted various consultants and insurance providers. ACICS is obligated to pay fees for these relation-ships. ACICS has an employment contract with its executive director. Should the executive director be dismissed, ACICS may be subject to severance payments.

Note Payable

ACICS has a 4.9% interest note with its investment fi rm. Th e note is payable in monthly installments of $29,958, and is secured by ACICS’ investments. All future debt maturities are considered short-term.

PENSION PLAN

ACICS has a defi ned contribution pension plan, as regulated by the Internal Revenue Service Code 403(b). Employ-ees become eligible after one year of service, and become 25% vested for every year of employment. Contributions to the plan are discretionary and ACICS contributed 10% of eligible employees’ salaries. $235,783 was contributed for the year ended June 30, 2010.

ACCREDITATION AUTHORITY

Th e Secretary of the United States Department of Education has extended the recognition of ACICS as an accredit-ing body through December 2011. ACICS must reaffi rm this authority every fi ve years. Management believes it is highly probably that ACICS will continue to be recognized as an accrediting body for an indefi nite period.

SUBSEQUENT EVENTS

Subsequent events have been evaluated through November 9, 2010.


Other Financial Information

30

INDEPENDENT AUDITOR’S REPORT ON OTHER FINANCIAL INFORMATION

Board of DirectorsAccrediting Council for Independent Colleges and Schools

Our report on our audit of the basic fi nancial statements of the Accrediting Council for Independent Colleges and Schools for year ended June 30, 2010 appears on page 3. We conducted our audit for the purpose of forming an opinion on the basic fi nancial statements taken as a whole. Th e schedule of functional expenses on page 14 is presented for purposes of additional analysis and is not a required part of the basic fi nancial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic fi nancial statements and, in our opinion, is fairly stated in all material respects to the basic fi nancial statements taken as a whole.

STOKES & COMPANY, P.C.Washington, D.C.

November 9, 2010

31

Program Services Supporting Services

Accreditation Expense Education

Management and General Total

Salaries and benefi ts $ 1,957,762 $ 81,587 $ 1,185,427 $ 3,224,776

Travel and meals 2,657,953 2,134 82,215 2,742,302

Advertising 1,658 69 1,004 2,731

Computers 41,707 1,738 25,253 68,698

Depreciation 448,678 18,698 271,675 739,051

Dues and subscriptions 2,998 125 1,816 4,939

Equipment rentals and maintenance

36,444 1,519 22,067 60,030

Insurance 21,859 911 13,236 36,006

Interest and fees 92,854 3,870 56,222 152,946

Legal and accounting 47,115 1,963 28,529 77,607

Meetings 226,674 9,446 137,252 373,372

Miscellaneous 30,924 1,289 18,725 50,938

Occupancy 424,394 17,686 256,971 699,051

Offi ce supplies 21,534 897 13,039 35,470

Payroll taxes 112,922 4,706 68,374 186,002

Printing and postage 11,236 468 6,804 18,508

Professional fees 408,961 17,043 247,627 673,631

Training 23,882 995 14,461 39,338

Utilities 66,548 2,773 40,296 109,617

Workshops 53,876 2,245 32,623 88,744

$ 6,689,979 $ 170, 162 $ 2,523,616 $ 9,383,757

Th e accompanying auditor’s report on other fi nancial inform3ation should be read with this statement.

ACICS Directory of Accredited Institutions

34

ALABAMABrown Mackie College, Birmingham

ITT Technical Institute, Bessemer

ITT Technical Institute, Madison

ITT Technical Institute, Mobile

Prince Institute of Professional

Studies, Montgomery

Tri-State Institute, Birmingham

Virginia College, Birmingham

Virginia College, Huntsville

Virginia College, Mobile

Virginia College, Montgomery

ALASKACharter College - Mat-Su, Wasilla

Charter College, Anchorage

ARIZONAAnthem College, Phoenix

Art Institute of Phoenix, Phoenix

Art Institute of Tucson, Tucson

Brookline College, Phoenix

Brookline College, Tempe

Brookline College, Tucson

Brown Mackie College, Phoenix

Brown Mackie College, Tucson

Th e Bryman School of Arizona,

Phoenix

Carrington College, Mesa

Carrington College, Phoenix



Carrington College, Tucson

Collins College, Phoenix

Golf Academy of America, Chandler

ITT Technical Institute, Phoenix

ITT Technical Institute, Phoenix

ITT Technical Institute, Tempe

ITT Technical Institute, Tucson

Lamson College, Tempe

Sanford-Brown College, Phoenix

Tucson College, Tucson

ARKANSASBryan College, Rogers

ITT Technical Institute, Little Rock

CALIFORNIAAcademy of Couture Art, West

Hollywood

American University of Health

Sciences, Signal Hill

Anthem College, Sacramento

Art Institute of California-Los

Angeles, Santa Monica

Art Institute of California -

Hollywood, North Hollywood

Art Institute of California-Orange

County, Santa Ana

Art Institute of California,

Sacramento

Art Institute of California, San

Francisco

Art Institute of California-Sunnyvale,

Sunnyvale

Bergin University of Canine Studies,

Santa Rosa

Brooks Institute, Santa Barbara

Brooks Institute, Ventura

Bryan College, Los Angeles

California International Business

University, San Diego

California Miramar University, San

Diego

California University of Management

and Sciences, Anaheim

Cambridge Junior College -

Woodland, Woodland

Cambridge Junior College, Yuba City

Charter College - Oxnard, Oxnard

Coleman College, San Marcos

Coleman University, San Diego

Design Institute of San Diego, San

Diego

Empire College, Santa Rosa

Everest College, Ontario

Everest College, San Bernardino

Everest College, Santa Ana

Fashion Careers College, San Diego

Golden State College of Court

Reporting & Captioning, Dublin

Golf Academy of America, Carlsbad

International Academy of Design and

Technology, Sacramento

IPPT Career School, North

Hollywood

ITT Technical Institute, Clovis

ITT Technical Institute, Concord

ITT Technical Institute, Corona

ITT Technical Institute, Culver City

ITT Technical Institute, Lathrop

ITT Technical Institute, Oakland

ITT Technical Institute, Orange

ITT Technical Institute, Oxnard

ITT Technical Institute, Rancho

Cordova

ITT Technical Institute, San

Bernardino

ITT Technical Institute, San Diego

ITT Technical Institute, San Dimas

ITT Technical Institute, Sylmar

ITT Technical Institute, Torrance

ITT Technical Institute, West Covina

Kaplan College, Bakersfi eld

Kaplan College, Panorama City

Kaplan College, Sacramento

Kensington College, Santa Ana

LA College International, Los

Angeles

Laurus College, San Luis Obispo

Le Cordon Bleu College of Culinary

Arts, Hollywood


Arts, Pasadena


Arts, Sacramento

Learnet Academy, Inc., Los Angeles

Lincoln University, Oakland

Newschool of Architecture & Design,

San Diego

Northwestern Polytechnic University,

Fremont

Pacifi c States University, Los Angeles

Premiere Career College, Irwindale

Professional Golfers Career College,

Temecula

Sage College, Moreno Valley

Sage College, San Diego

Santa Barbara Business College -

Online, Ventura

Santa Barbara Business College,

Bakersfi eld


Palm Desert

35

Santa Barbara Business College, Santa

Barbara

Santa Barbara Business College, Santa

Maria


Ventura

Sierra Valley College of Court

Reporting, Fresno

Silicon Valley University, San Jose

South Coast College, Orange

Southern States University, Newport

Beach

Southern States University, San Diego

University of Antelope Valley,

Lancaster

West Coast University, Anaheim

West Coast University, North

Hollywood

West Coast University, Ontario

Westwood College, Los Angeles

Westwood College-South Bay,

Torrance

COLORADOAnthem College, Aurora

Colorado Heights University, Denver

Denver Academy of Court Reporting,

Westminster

Ecotech Institute, Aurora

Everest College, Aurora

Everest College, Colorado Springs

Everest College, Th ornton

Institute of Business & Medical

Careers, Fort Collins

Institute of Business & Medical

Careers-Greeley, Greeley

Institute of Business and Medical

Career, Longmont

ITT Technical Institute, Aurora

ITT Technical Institute, Th ornton

Redstone College, Broomfi eld

Remington College-Colorado

Springs, Colorado Springs

Westwood College-Online,

Broomfi eld

CONNECTICUTAmerican Institute, West Hartford

Branford Hall Career Institute,

Branford


Southington


Windsor

Butler Business School, Bridgeport

Connecticut Training Center, East

Hartford

Ridley-Lowell Business & Technical

Inst., New London


Institute, Danbury

Sanford-Brown College, Farmington

Sawyer School, Hamden

Sawyer School, Hartford

Stone Academy, East Hartford

Stone Academy, Hamden

Stone Academy, Waterbury

DISTRICT OF COLUMBIARadians College, Washington

FLORIDAAmerican Institute College of Health

Professions, Celebration

Angley College - Sanford, Sanford

Angley College, Deland

Anthem College, Orlando

Art Institute of Fort Lauderdale, Fort

Lauderdale

Brown Mackie College - Miami,

Miami

City College, Casselberry

City College, Fort Lauderdale

City College, Gainesville

City College, Miami

College of Business & Technology,

Cutler Bay


Hialeah


Miami


Miami

Dave School, Orlando

Digital Media Arts College, Boca

Raton

Everest Institute - Kendall, Miami

Everest Institute, Fort Lauderdale

Everest Institute, Hialeah

Everest Institute, Miami

Everest University - Brandon, Tampa

Everest University, Jacksonville

Everest University, Lakeland

Everest University, Melbourne

Everest University - North Orlando,

Orlando

Everest University, Orange Park

Everest University, Pompano Beach

Everest University - Pinellas, Largo

Everest University - South Orlando,

Orlando

Everest University, Tampa

Everest University Online, Tampa

FastTrain of Clearwater, Clearwater

FastTrain of Ft. Lauderdale,

Plantation

FastTrain of Jacksonville, Jacksonville

FastTrain of Kendall, Miami

FastTrain of Miami, Miami

FastTrain of Pembroke Pines,

Pembroke Pines

FastTrain of Tampa, Tampa

Florida Career College, Boynton

Beach

Florida Career College, Hialeah

Florida Career College, Jacksonville

Florida Career College, Margate

Florida Career College, Miami

Florida Career College, Pembroke

Pines

Florida Career College, Riverview

Florida Career College, West Palm

Beach

Florida Career College, Lauderdale

Lakes

Florida Technical College, Deland

Florida Technical College, Lakeland

Florida Technical College, Orlando

Fortis College, Orange Park

Fortis College, Tampa

Fortis Institute, Jacksonville

Golf Academy of America, Altamonte

Springs

36


Technology - Online, Tampa


Technology, Orlando


Technology, Tampa

ITT Technical Institute, Fort

Lauderdale

ITT Technical Institute, Fort Myers

ITT Technical Institute, Jacksonville

ITT Technical Institute, Lake Mary

ITT Technical Institute, Miami

ITT Technical Institute, Orlando

ITT Technical Institute, St.

Petersburg

ITT Technical Institute, Tallahassee

ITT Technical Institute, Tampa

ITT Technical Institute, University

Park

Jones College, Jacksonville

Jones College, Jacksonville

Jones College, Miami

Jose Maria Vargas University,

Pembroke Pines

Kaplan College, Jacksonville

Kaplan College, Pembroke Pines

Key College, Dania Beach


Arts, Orlando

Lincoln College of Technology, West

Palm Beach

Millennia Atlantic University, Miami

Professional Golfers Career College -

Orlando, Winter Garden

Professional Training Centers, Miami

Sanford-Brown Institute, Fort

Lauderdale

Sanford-Brown Institute, Jacksonville

Sanford-Brown Institute, Orlando

Sanford-Brown Institute, Tampa

Schiller International University,

Largo

Southern Career College, Jacksonville

Southern Technical College,

Auburndale

Southern Technical College, Mount

Dora

Southern Technical College, Brandon

Southern Technical College, Orlando

Southern Technical College, Sanford

Southwest Florida College, Port

Charlotte

Southwest Florida College, Fort

Myers

Southwest Florida College, Tampa

Stenotype Institute of Jacksonville,

Jacksonville

Stenotype Institute of Jacksonville,

Orlando

Virginia College, Jacksonville

Virginia College, Pensacola

GEORGIAAnthem College, Atlanta

Brown Mackie College, Atlanta

Gwinnett College, Lilburn

ITT Technical Institute, College Park

ITT Technical Institute, Duluth

ITT Technical Institute, Kennesaw


Arts, Tucker

Lincoln College of Technology,

Marietta

McCann School of Business &

Technology -dba- Miller-Motte Te,

Macon

Miller-Motte Technical College,

Augusta


Columbus

Sanford-Brown College, Atlanta

Virginia College, Augusta

Virginia College, Savannah

Westwood College Atlanta Northlake,

Atlanta

Westwood College-Atlanta Midtown,

Atlanta

IDAHOBroadview University - Boise,

Meridian

Brown Mackie College, Boise

Carrington College, Boise

Guardian College, Meridian

ITT Technical Institute, Boise

ILLINOISCollege of Offi ce Technology, Chicago

Everest College, Merrionette Park

Gem City College, Quincy


Technology, Chicago


Technology, Schaumburg

ITT Technical Institute, Mount

Prospect

ITT Technical Institute, Oak Brook

ITT Technical Institute, Orland Park

National Latino Education Institute,

Chicago

Rockford Career College, Rockford

Sanford-Brown College, Collinsville

Sanford-Brown College, Hillside

Sanford-Brown College, Skokie

Sanford-Brown College, Tinley Park

SOLEX College, Wheeling

Taylor Business Institute, Chicago

Westwood College Chicago Loop,

Chicago

Westwood College DuPage,

Woodridge

Westwood College O’Hare Airport,

Chicago

Westwood College River Oaks,

Calumet City

INDIANAArt Institute of Indianapolis,

Indianapolis

Brown Mackie College, Fort Wayne

Brown Mackie College, Indianapolis

Brown Mackie College, Merrillville

Brown Mackie College, Michigan

City

Brown Mackie College, South Bend

College of Court Reporting, Hobart

Harrison College, Anderson

Harrison College, Columbus

Harrison College, Elkhart

Harrison College, Evansville

Harrison College, Fort Wayne

Harrison College, Indianapolis



37

Harrison College, Lafayette

Harrison College, Marion

Harrison College, Muncie

Harrison College, Terre Haute

International Business College, Fort

Wayne

International Business College,

Indianapolis

ITT Technical Institute, Fort Wayne

ITT Technical Institute, Indianapolis

ITT Technical Institute, Merrillville

ITT Technical Institute, Newburgh

ITT Technical Institute, South Bend

Kaplan College, Hammond

Kaplan College, Merrillville

MedTech College, Fort Wayne

MedTech College, Greenwood

MedTech College, Indianapolis

National College, Fort Wayne

National College, Indianapolis

National College, South Bend

Sanford-Brown College, Indianapolis

IOWABrown Mackie College - Quad Cities,

Bettendorf

ITT Technical Institute, Cedar Rapids

ITT Technical Institute, Clive

KANSASTh e Art Institutes International -

Kansas City, Lenexa

Bryan College, Topeka

ITT Technical Institute, Wichita

Pinnacle Career Institute, Lawrence

Wright Career College, Overland

Park

KENTUCKYBeckfi eld College, Florence

Brown Mackie College, Hopkinsville

Brown Mackie College, Louisville

Brown Mackie College Northern

Kentucky, Ft. Mitchell

Daymar College, Bellevue

Daymar College, Bowling Green

Daymar College, Louisville

Daymar College, Louisville

Daymar College, Madisonville

Daymar College, Owensboro

Daymar College, Owensboro

Daymar College, Paducah

Daymar College, Scottsville

ITT Technical Institute, Lexington

ITT Technical Institute, Louisville

Lincoln College of Technology,

Florence

MedTech College-Lexington,

Lexington

National College, Danville

National College, Florence

National College, Lexington

National College, Louisville

National College, Pikeville

National College, Richmond

Spencerian College, Lexington

Spencerian College, Louisville

Sullivan College of Technology and

Design, Louisville

LOUISIANAAmerican Commercial College,

Shreveport

American School of Business,

Shreveport

Camelot College, Baton Rouge

Delta School of Business &

Technology, Lake Charles

ITT Technical Institute, Baton Rouge

ITT Technical Institute, St. Rose

Virginia College, Baton Rouge

MAINEBeal College, Bangor

MARYLANDEverest Institute, Silver Spring

Fortis College, Landover

ITT Technical Institute, Owings Mills

Sanford-Brown Institute, Landover

MASSACHUSETTSBranford Hall Career Institute,

Springfi eld

Gibbs College, Boston

ITT Technical Institute, Norwood

ITT Technical Institute, Wilmington

Lincoln Technical Institute, Brockton

Lincoln Technical Institute, Lowell

Lincoln Technical Institute,

Somerville

Mildred Elley, Pittsfi eld

Salter College, Chicopee

Salter College: A Private Two-Year

College, LLC, West Boylston

Salter School, Fall River

Salter School, Malden

Salter School, Tewksbury

MICHIGANAcademy of Court Reporting,

Clawson

Detroit Business Institute-Downriver,

Riverview

Detroit Business Institute, Southfi eld

Dorsey School of Business,

Farmington Hills

Dorsey School of Business, Madison

Heights

Dorsey School of Business, Roseville

Dorsey School of Business, Saginaw

Dorsey School of Business, Southgate

Dorsey School of Business, Waterford/

Pontiac

Dorsey School of Business, Wayne


Technology, Troy

ITT Technical Institute, Canton

ITT Technical Institute, Dearborn

ITT Technical Institute, Swartz Creek

ITT Technical Institute, Troy

ITT Technical Institute, Wyoming

Kaplan Career Institute - Dearborn,

Detroit

Michigan Jewish Institute - Th e Shul,

West Bloomfi eld

Sanford-Brown College, Dearborn

Sanford-Brown College, Grand

Rapids

Stautzenberger Institute, Allen Park

38

MINNESOTAAcademy College, Bloomington

Anthem College, St. Louis Park

Art Institutes International

Minnesota, Minneapolis

Duluth Business University, Duluth

Globe University, Minneapolis

Globe University, Woodbury

ITT Technical Institute, Brooklyn

Center

ITT Technical Institute, Eden Prairie


Arts, Mendota Heights

Minneapolis Business College,

Roseville

Minnesota School of Business, Blaine

Minnesota School of Business, Elk

River

Minnesota School of Business,

Lakeville


Brooklyn Center


Moorhead


Plymouth


Richfi eld


Rochester


Shakopee

Minnesota School of Business, Waite

Park

MISSISSIPPIHealthcare Institute of Jackson,

Jackson


Virginia College, Biloxi

Virginia College, Jackson

MISSOURIAnthem College, Kansas City

Bolivar Technical College, Bolivar

Brown Mackie College - St. Louis,

Fenton

Bryan College, Columbia

Bryan College, Springfi eld

Everest College, Earth City

Everest College, Springfi eld

Hickey College, St. Louis

ITT Technical Institute, Arnold

ITT Technical Institute, Earth City

ITT Technical Institute, Kansas City

ITT Technical Institute, Springfi eld


Arts, Saint Peters

Metro Business College, Arnold

Metro Business College, Cape

Girardeau

Metro Business College, Jeff erson

City

Metro Business College, Rolla

Sanford-Brown College, Fenton

Sanford-Brown College, Hazelwood

Sanford-Brown College, Saint Peters

Stevens Institute of Business and Arts,

Saint Louis

Texas County Technical College,

Houston

NEBRASKAITT Technical Institute, Omaha

NEVADAAnthem Institute, Las Vegas

Art Institute of Las Vegas, Henderson

Carrington College, Las Vegas

Carrington College, Reno

Euphoria Institute of Beauty Arts &

Sciences, Las Vegas


Sciences - Summerlin, Las Vegas


Sciences, Henderson

Everest College, Henderson


Technology- Las Vegas, Henderson

ITT Technical Institute, Henderson

ITT Technical Institute, North Las

Vegas

Morrison University, Reno

NEW HAMPSHIRELebanon College, Lebanon

Salter School of Nursing & Allied

Health, Manchester

NEW JERSEYAmerican Institute, Clifton

Anthem Institute, Cherry Hill

Best Care Training Institute, East

Orange

Dover Business College, Clifton

Dover Business College, Dover

Dover Business College, Newark

Drake College of Business, Elizabeth

Drake College of Business, Newark

Eastwick College, Ramsey

Harris School of Business, Cherry

Hill

Harris School of Business, Linwood

Harris School of Business, Trenton

HoHokus-Hackensack School of

Business and Medical Sciences,

Hackensack

Lincoln Technical Institute, Edison


Moorestown

Lincoln Technical Institute, Paramus

Omega Institute, Pennsauken

PC AGE Career Institute, Edison

PC AGE Career Institute, Jersey City

Sanford-Brown Institute, Iselin

Th e School of Court Reporting, LLC,

Marlton

StenoTech Career Institute, Fairfi eld

StenoTech Career Institute,

Piscataway

NEW MEXICOAnamarc College, Santa Teresa

Brookline College, Albuquerque

Brown Mackie College, Albuquerque

Carrington College, Albuquerque

ITT Technical Institute, Albuquerque

39

NEW YORKArt Institute of New York City, New

York

ASA Institute of Business &

Computer Technology, Brooklyn


Albany


Bohemia

Career Institute of Health and

Technology, Brooklyn

Career Institute of Health and

Technology, Garden City

Cheryl Fell’s School of Business,

Niagara Falls

Cope Institute, Brooklyn

EDP School of Computer

Programming, Brooklyn

Elmira Business Institute, Elmira

Elmira Business Institute, Vestal

Everest Institute, Rochester

Global Business Institute, Far

Rockaway

Global Business Institute, New York

Hunter Business School, Levittown

Hunter Business School, Medford

ITT Technical Institute, Albany

ITT Technical Institute, Getzville

ITT Technical Institute, Liverpool

Long Island Business Institute,

Commack

Long Island Business Institute,

Flushing

Manhattan School of Computer

Technology, Brooklyn

Mildred Elley, Albany

New York Institute of English and

Business, New York

New York Paralegal School, New York

Olean Business Institute, Olean

Professional Business College, New

York


Inst, Binghamton


Institute, Poughkeepsie

Sanford-Brown Institute, Garden City

Sanford-Brown Institute, Melville

Sanford-Brown Institute, New York

Sanford-Brown Institute, White

Plains

Spanish-American Institute, New

York

NORTH CAROLINAArt Institute of Charlotte, Charlotte

Art Institute of Raleigh-Durham,

Durham

Brookstone College of Business,

Charlotte

Brookstone College of Business,

Greensboro

ITT Technical Institute, Cary

ITT Technical Institute, Charlotte

ITT Technical Institute, Charlotte

ITT Technical Institute, High Point

King’s College, Charlotte

Living Arts Institute @ School of

Communication Arts, Winston

Salem

Miller-Motte College, Cary

Miller-Motte College, Fayetteville

Miller-Motte College, Greenville

Miller-Motte College, Jacksonville

Miller-Motte College, Raleigh

Miller-Motte College, Wilmington

School of Communication Arts dba

Living Arts College, Raleigh

South College, Asheville

OHIOAcademy of Court Reporting and

Technology, Cleveland

ATS Institute of Technology,

Highland Heights

Beckfi eld College, Springdale

Bradford School, Columbus

Brown Mackie College, Akron

Brown Mackie College, Cincinnati

Brown Mackie College, Findlay

Brown Mackie College - North

Canton, Canton

Daymar College, Chillicothe

Daymar College, Jackson

Daymar College, Lancaster

Daymar College, New Boston

Fortis College, Ravenna

Gallipolis Career College, Gallipolis

Harrison College, Grove City

Hondros College, Fairborn

Hondros College, West Chester

Hondros College, Westerville

ITT Technical Institute, Akron

ITT Technical Institute, Columbus

ITT Technical Institute, Dayton

ITT Technical Institute, Hilliard

ITT Technical Institute, Maumee

ITT Technical Institute, Norwood

ITT Technical Institute, Strongsville

ITT Technical Institute, Warrensville

Heights

ITT Technical Institute, Youngstown

Miami-Jacobs Career College, Akron

Miami-Jacobs Career College,

Columbus

Miami-Jacobs Career College, Dayton


Sharonville


Springboro

Miami-Jacobs Career College, Troy

National College, Cincinnati

National College, Columbus

National College, Kettering

National College, Stow

National College, Willoughby Hills

National College, Youngstown

Ohio Business College, Columbus

Ohio Business College, Sandusky

Ohio Business College, Sheffi eld

Village

Ohio Valley College of Technology,

East Liverpool

Sanford-Brown College, Middleburg

Heights

Southwestern College, Cincinnati

Southwestern College, Cincinnati

Southwestern College, Dayton

Southwestern College, Franklin

Southwestern College, Toledo

Stautzenberger College, Brecksville

Stautzenberger College, Maumee

Trumbull Business College, Warren

40

OKLAHOMABrown Mackie College, Tulsa

Career Point College, Tulsa

Clary Sage College, Tulsa

Community Care College, Tulsa

ITT Technical Institute, Oklahoma

City

ITT Technical Institute, Tulsa

Oklahoma Technical College, Tulsa

Wright Career College, Oklahoma

City

Wright Career College, Tulsa

OREGONCarrington College, Portland

Everest College - Tigard, Tigard

Everest College, Portland

ITT Technical Institute, Portland


Arts, Portland

Oregon Culinary Institute, Portland

Pioneer Pacifi c College - Eugene

Branch, Springfi eld

Pioneer Pacifi c College, Wilsonville

Sanford-Brown College, Portland

Sumner College, Portland

PENNSYLVANIAAcademy of Court Reporting &

Technology, Pittsburgh

Anthem Institute, Springfi eld

Art Institute of Philadelphia,

Philadelphia

Th e Art Institute of York -

Pennsylvania, York

Bradford School, Pittsburgh

Cambria-Rowe Business College,

Indiana

Cambria-Rowe Business College,

Johnstown

Consolidated School of Business,

Lancaster

Consolidated School of Business, York

Douglas Education Center, Monessen

DuBois Business College, DuBois

DuBois Business College,

Huntingdon

DuBois Business College, Oil City

Education and Technology Institute,

Greensburg

Erie Business Center South, New

Castle

Erie Business Center, Erie

Everest Institute, Pittsburgh

Harris School of Business, Upper

Darby

ITT Technical Institute, Bensalem

ITT Technical Institute, Dunmore

ITT Technical Institute, Harrisburg

ITT Technical Institute, King of

Prussia

ITT Technical Institute, Pittsburgh

ITT Technical Institute, Tarentum

Kaplan Career Institute - ICM

Campus, Pittsburgh

Kaplan Career Institute, Harrisburg

Lansdale School of Business, North

Wales

Laurel Business Institute, Uniontown

Laurel Technical Institute, LLC,

Sharon


Philadelphia


Philadelphia


Technology, Carlisle


Technology, Allentown


Technology, Dickson City


Technology, Hazle Township


Technology, Pottsville


Technology, Sunbury

Newport Business Institute, Lower

Burrell

Newport Business Institute,

Williamsport

Pace Institute, Reading

Penn Commercial Business/Technical

School, Washington

Pennsylvania Institute of Health and

Technology, Mount Braddock

Princeton Information Technology

Center, Glenside

Sanford-Brown Institute, Trevose

South Hills School of Business and

Technology, Altoona

South Hills School of Business and

Technology, State College

Th ompson Institute, Philadelphia

Tri-State Business Institute, Erie

Yorktowne Business Institute, York

PUERTO RICOAmerican Educational College,

Bayamon

American Educational College, Toa

Alta

American Educational College, Vega

Alta

Atlantic College, Guaynabo

Colegio Tecnologico y Comercial de

PR, Aguada

EDIC College, Caguas

Humacao Community College,

Humacao

Instituto de Banca y Comercio,

Arecibo

Instituto De Banca Y Comercio,

Bayamon


Caguas

Instituto de Banca y Comercio, Cayey


Fajardo


Guayama

Instituto de Banca y Comercio, Hato

Rey

Instituto De Banca Y Comercio,

Humacao


Manati


Mayaguez

Instituto de Banca y Comercio, Ponce

Instituto de Banca y Comercio, San

Juan

John Dewey College, Arroyo

John Dewey College, Bayamon

John Dewey College, Carolina

John Dewey College, Fajardo

41

John Dewey College, Hatillo

John Dewey College, Juana Diaz

John Dewey College, Manati

John Dewey College - San Juan, Hato

Rey

John Dewey College, Yabucoa

MBTI Business Training Institute,

Santurce

National University College, Arecibo

National University College, Bayamon

National University College, Ponce

National University College, Rio

Grande

Trinity College of Puerto Rico, Playa

De Ponce

RHODE ISLANDLincoln Technical Institute, Lincoln

Sanford-Brown Institute, Cranston

Sawyer School, Pawtucket

Sawyer School, Providence

SOUTH CAROLINABrown Mackie College, Greenville

Defense Academy for Credibility

Assessment, Columbia

Forrest Junior College, Anderson

Golf Academy of America, Myrtle

Beach

ITT Technical Institute, Columbia

ITT Technical Institute, Greenville

ITT Technical Institute, Myrtle Beach

ITT Technical Institute, North

Charleston


Charleston


Conway

Professional Golfers Career College-

Hilton Head, Bluff ton

Virginia College, Columbia

Virginia College, Greenville

Virginia College, North Charleston

Virginia College, Spartanburg

SOUTH DAKOTAGlobe University - Sioux Falls, Sioux

Falls

TENNESSEEAnthem College, Memphis

Anthem College, Nashville

Daymar Institute, Clarksville

Daymar Institute, Murfreesboro

Daymar Institute, Nashville


Technology, Nashville

ITT Technical Institute, Chattanooga

ITT Technical Institute, Cordova

ITT Technical Institute, Johnson City

ITT Technical Institute, Knoxville

ITT Technical Institute, Nashville


Chattanooga


Clarksville


Madison

National College of Business and

Technology, Bartlett


Technology, Bristol


Technology, Knoxville


Technology, Madison


Technology, Memphis


Technology, Nashville

Virginia College School of Business

and Health, Chattanooga

West Tennessee Business College,

Jackson

TEXASAmerican Commercial College,

Abilene

American Commercial College,

Lubbock


Odessa


San Angelo


Wichita Falls

Anamarc College, El Paso

Anthem College, Irving

Brown Mackie College, San Antonio

Career Point College, San Antonio

Court Reporting Institute of Dallas,

Dallas

Court Reporting Institute of Houston,

Houston

Everest College, Arlington

Everest College, Dallas

Everest College, Fort Worth

Everest College, Fort Worth


Technology, San Antonio


El Paso


El Paso

ITT Technical Institute, Arlington

ITT Technical Institute, Austin

ITT Technical Institute, Desoto

ITT Technical Institute, Houston

ITT Technical Institute, Houston

ITT Technical Institute, Richardson

ITT Technical Institute, San Antonio

ITT Technical Institute, Waco

ITT Technical Institute, Webster

Lawyer’s Assistant School of Dallas,

Dallas


Arts, Austin


Arts, Dallas

Lighthouse College, Dallas

North American College, Houston

Sanford-Brown College, Dallas

Sanford-Brown College, Houston

Sanford-Brown College, Houston

Sanford-Brown College, San Antonio

Texas School of Business - East,

Houston

Texas School of Business - Southwest,

Houston

Texas School of Business, Houston

Texas School of Business,

Friendswood

Vet Tech Institute of Houston,

Houston

42

Virginia College at Austin, Austin

Westwood College, Dallas

Westwood College, Fort Worth

UTAHArt Institute of Salt Lake City, Draper

Broadview University-Layton, Layton

Broadview University-Orem, Orem

Broadview University-Salt Lake City,

Salt Lake City

Broadview University-West Jordan,

West Jordan

Eagle Gate College, Layton

Eagle Gate College, Murray

Everest College, West Valley City

ITT Technical Institute, Murray

Neumont University, South Jordan

VIRGINIABon Secours Memorial College of

Nursing, Richmond

California University of Management

and Sciences Virginia, Falls Church

Everest College, McLean

Everest College, Arlington

Everest College, Chesapeake

Everest College, Newport News

Fortis College, Norfolk

Fortis College, Richmond

ITT Technical Institute, Chantilly

ITT Technical Institute, Norfolk

ITT Technical Institute, Richmond

ITT Technical Institute, Salem

ITT Technical Institute, Springfi eld


Lynchburg


Roanoke

National College, Charlottesville

National College, Danville

National College, Harrisonburg

National College, Lynchburg

National College, Martinsville

National College, Salem

Sanford-Brown College, McLean

Sentara College of Health Sciences,

Chesapeake

Stratford University, Glen Allen

Stratford University, Falls Church

Stratford University, Woodbridge

Virginia College, Richmond

Virginia International University,

Fairfax

Westwood College, Annandale

Westwood College, Arlington

WASHINGTONBainbridge Graduate Institute,

Bainbridge Island

Carrington College, Spokane

Charter College, Bellingham

Charter College, Pasco

Charter College, Vancouver

Everest College, Seattle

Everest College - Tacoma, Fife

Everest College, Vancouver

Everest College, Bremerton

Everest College, Everett

Everest College, Tacoma

Everest College, Vancouver


Technology, Seattle

ITT Technical Institute, Everett

ITT Technical Institute, Seattle

ITT Technical Institute, Spokane

Valley


Arts, Tukwila

WEST VIRGINIAITT Technical Institute, Huntington

Mountain State College, Parkersburg

National College, Princeton

Valley College, Martinsburg

West Virginia Business College,

Nutter Fort

West Virginia Business College,

Wheeling

West Virginia Junior College,

Bridgeport


Charleston


Morgantown

WISCONSINTh e Art Institute of Wisconsin,

Milwaukee

Everest College, Milwaukee

Globe University - Appleton,

Grand Chute

Globe University, Eau Claire

Globe University - Green Bay,

Bellevue

Globe University - La Crosse,

Onalaska

Globe University - Madison East,

Madison

Globe University, Middleton

Globe University - Wausau,

Rothschild

ITT Technical Institute, Green Bay

ITT Technical Institute, Greenfi eld


Kaplan College, Milwaukee

Sanford-Brown College-Milwaukee,

West Allis

WYOMINGInstitute of Business & Medical

Careers, Cheyenne

INTERNATIONALInternational College of the Cayman

Islands, Cayman Islands


France


Germany

Stratford University - New Delhi,

India

Westhill College, Mexico

Dar Al-Hekma College, Saudi Arabia


Spain


United Kingdom

Accreditation Workshop May 13, Illinois June 3, Grapevine, Texas June 14, Northwest Region (TBA) August 24, ACICS Offi ce August 26, ACICS Offi ce October 12, California

Adding Value Webinar June 3, Grapevine, Texas July 8, Online September 9, Online November 4, Online

AIR/IEP Workshop August 25, ACICS Offi ce

Leadership Conference and Annual Meeting June 2-5, Grapevine, Texas

AWARE Webinar May 20, Online September 16, Online

Deferral Workshop June 10, ACICS Offi ce October 7, ACICS Offi ce

Evaluator Training Workshop June 3, Grapevine, Texas May 27, Online July 29, Online

Professional Development Conference September 26-28, Charleston, South Carolina

Upcoming ACICS Events

Accrediting Council for Independent Colleges and Schools

750 First Street, NE, Suite 980 | Washington, DC 20002-4223

ph 202.336.6780 | fax 202.842.2593

acics 2010 annual report

Documents

acics schools

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career education

power of education

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