| AACN Certification Corporation | Dividends received | $18.7M | AACN Certification Corporation guaranteed a mortgage loan on behalf of AACN related to the purchase of a commercial property for its headquarters site in 2019. |
| AACN Certification Corporation | Sharing of employees | $1.2M | Corporate overhead costs are allocated among the related entities using a step-basis methodology based on each entities usage of these shared services. Each department cost (includes customer care, finance, information technology, human resources, meetings, executive, fulfillment, facilities, business strategy and insights, and organizational effectiveness) is allocated based on estimated time spent by team members, space allocations, percentage of direct program costs, etc. Allocations are done on each department based on these estimates and charged to each separate entity on a monthly basis. |
| AACN Certification Corporation | Sharing of employees | $2.6M | Included in the allocation of overhead costs is the cost of salaries and benefits for these support departments. In these departments, salaries and benefits expenses make up 68.9% of the overall costs. Based on this percentage, the amount recorded here represents 68.9% of the $3,765,806 total general and administrative costs allocated to AACN Certification Corporation. |
| AACN Certification Corporation | Reimbursement (given) | $3.8M | Reimbursements from one entity to another flow through the intercompany account balances. As an example, all cash is deposited to the AACN account. Amounts from Certification create a receivable due them and a payable on AACN's records. Similarly, most expenses are paid by AACN, and when Certification related payments are made they create a receivable for AACN and a payable for Certification Corporation. Quarterly we review the intercompany account balances and transfer funds between organizations to ensure that the intercompany balances are paid. |
| AACN Certification Corporation | Other (received) | $3.8M | Reimbursements from one entity to another flow through the intercompany account balances. As an example, all cash is deposited to the AACN account. Amounts from Certification create a receivable due them and a payable on AACN's records. Similarly, most expenses are paid by AACN, and when Certification related payments are made they create a receivable for AACN and a payable for Certification Corporation. Quarterly we review the intercompany account balances and transfer funds between organizations to ensure that the intercompany balances are paid. |