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Nonprofiteer
← AMERICAN CORPORATE PARTNERS

Form 990 for tax year 2024

Filed by AMERICAN CORPORATE PARTNERS.

Totals

Total revenue
$7,541,991
Total expenses
$7,167,093
Contributions and grants received
$7,055,801
Grants paid
$0
Program service revenue
$0
Investment income
$472,127
Other revenue
$14,063
Total assets, end of year
$21,055,755
Total liabilities, end of year
$8,141,130
Net assets or fund balances, end of year
$12,914,625
Program services expenses (Part IX)
$6,561,798
Management and general expenses
$289,992
Fundraising expenses
$315,303
Program service expenses (Part III)
$6,561,798

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,055,801

  • 3 · Investment income

    total $413,863 · related or exempt $413,863

  • 7a · Gross sales of assets other than inventory

    securities $58,264

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $58,264

  • 7d · Net gain or loss

    total $58,264 · related or exempt $58,264

  • 11a · Other revenue: RENT ABATEMENT

    total $12,173 · related or exempt $12,173

  • 11b · Other revenue: MISC.

    total $1,890 · related or exempt $1,890

  • 11e · Other revenue, total

    $14,063

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,901,576 · program services $4,487,393 · management and general $198,514 · fundraising $215,669

  • 9 · Other employee benefits

    total $159,113 · program services $145,913 · management and general $6,236 · fundraising $6,964

  • 10 · Payroll taxes

    total $432,750 · program services $396,183 · management and general $17,526 · fundraising $19,041

  • 11g · Fees: other

    total $60,100 · program services $55,024 · management and general $2,432 · fundraising $2,644

  • 12 · Advertising and promotion

    total $31,746 · program services $29,068 · management and general $1,282 · fundraising $1,396

  • 13 · Office expenses

    total $80,207 · program services $73,433 · management and general $3,245 · fundraising $3,529

  • 14 · Information technology

    total $129,608 · program services $118,662 · management and general $5,244 · fundraising $5,702

  • 16 · Occupancy

    total $1,228,550 · program services $1,124,793 · management and general $49,710 · fundraising $54,047

  • 17 · Travel

    total $23,910 · program services $21,891 · management and general $967 · fundraising $1,052

  • 22 · Depreciation, depletion and amortization

    total $119,533 · program services $109,438 · management and general $4,836 · fundraising $5,259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $646,861 · end of year $662,511

  • 2 · Savings and temporary cash investments

    beginning of year $9,634,540 · end of year $10,298,843

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,506 · end of year $8,670

  • 10a · Land, buildings and equipment: cost or other basis

    $1,009,255

  • 10b · Land, buildings and equipment: accumulated depreciation

    $464,954

  • 10c · Land, buildings and equipment, net

    beginning of year $651,642 · end of year $544,301

  • 12 · Investments: other securities

    beginning of year $1,000,000 · end of year $1,622,330

  • 15 · Other assets

    beginning of year $8,623,621 · end of year $7,919,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $263,297 · end of year $329,766

  • 25 · Other liabilities

    beginning of year $8,409,477 · end of year $7,811,364

  • 27 · Net assets without donor restrictions

    beginning of year $11,917,396 · end of year $12,914,625

Mission and programs · 2024

Mission

TO ASSIST VETERANS IN THEIR TRANSITION FROM THE ARMED SERVICES TO PRIVATE ENTERPRISE, AND TO ASSIST ACTIVE DUTY MILITARY SPOUSES IN FINDING MEANINGFUL EMPLOYMENT OPPORTUNITIES.

Activities or mission (Part I)

A NATIONWIDE MENTORING PROGRAM DEDICATED TO HELPING VETERANS TRANSITION FROM THE ARMED SERVICES TO PRIVATE ENTERPRISE THROUGH CAREER COUNSELING AND NETWORKING WITH PROFESSIONALS FROM SOME OF AMERICA'S FINEST CORPORATIONS AND UNIVERSITIES

  • ACP'S MENTORING PROGRAM PROVIDES MENTORSHIP, CAREER COUNSELING AND NETWORKING OPPORTUNITIES TO VETERANS AND ACTIVE DUTY MILITARY SPOUSES.

    Expenses $6,561,798 · Revenue $7,055,801

As filed on the 2024 return.

Listed in Part VII

  • Sidney Goodfriend

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    60
  • Amy Goodfriend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alain Lebec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Bayly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Bostick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John M Pratt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Hooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Manzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Duncan Niederauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jon Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dawn Halfaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Morehead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Colleen Deere

    VICE CHAIRMAN

    Total calculated
    $54,808
    From this org
    $54,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $54,808
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $54,808
  • Richard Comitz

    CHIEF OPERATING OFFICER

    Total calculated
    $244,615
    From this org
    $244,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,615
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $244,615
  • Megan Rhea

    VP-CORPORATE RELATIONS

    Total calculated
    $160,113
    From this org
    $160,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,113
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,113
  • Deirdre Gordon

    SENIOR VP-PHILANTHROPY

    Total calculated
    $175,104
    From this org
    $175,104
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,104
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,104

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202521339349302187

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