Form 990 for tax year 2024
Filed by AMERICAN COLLEGE OF BANKRUPTCY.
Totals
- Total revenue
- $1,179,846
- Total expenses
- $1,136,797
- Contributions and grants received
- $433,000
- Grants paid
- $305,251
- Program service revenue
- $629,333
- Investment income
- $111,920
- Other revenue
- $5,593
- Total assets, end of year
- $1,627,154
- Total liabilities, end of year
- $463,875
- Net assets or fund balances, end of year
- $1,163,279
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$433,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $297,025 · related or exempt $297,025
-
2b · Program service revenue: REGIONAL MEETINGS
total $148,116 · related or exempt $148,116
-
2c · Program service revenue: SPRING CONFERENCE
total $134,212 · related or exempt $134,212
-
2d · Program service revenue: FALL CONFERENCE
total $31,080 · related or exempt $31,080
-
2e · Program service revenue: INTERNATIONAL COURSE F
total $18,900 · related or exempt $18,900
-
3 · Investment income
total $57,137 · excluded $57,137
-
7a · Gross sales of assets other than inventory
securities $743,143
-
7b · Less cost or other basis and sales expenses
securities $688,360
-
7c · Gain or loss
securities $54,783
-
7d · Net gain or loss
total $54,783 · excluded $54,783
-
11a · Other revenue: ADJUSTMENTS AND REFUND
total $5,593 · excluded $5,593
-
11e · Other revenue, total
$5,593
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $263,200
-
2 · Grants to domestic individuals
total $42,051
-
11a · Fees: management
total $123,900
-
11c · Fees: accounting
total $31,575
-
11f · Fees: investment management
total $3,452
-
11g · Fees: other
total $209,621
-
12 · Advertising and promotion
total $960
-
13 · Office expenses
total $71,094
-
14 · Information technology
total $14,292
-
17 · Travel
total $62,736
-
19 · Conferences, conventions and meetings
total $264,120
-
22 · Depreciation, depletion and amortization
total $5,360
-
23 · Insurance
total $4,730
-
24a · Other expenses: BRANKRUPTCY ARCHIVES PR
total $33,302
-
24b · Other expenses: AWARD EXPENSES
total $4,834
-
24c · Other expenses: LICENSES
total $1,570
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,961 · end of year $418,883
-
2 · Savings and temporary cash investments
beginning of year $38,331 · end of year $93,747
-
4 · Accounts receivable
beginning of year $9,332 · end of year $5,750
-
9 · Prepaid expenses and deferred charges
beginning of year $46,890 · end of year $47,539
-
10a · Land, buildings and equipment: cost or other basis
$53,600
-
10b · Land, buildings and equipment: accumulated depreciation
$5,360
-
10c · Land, buildings and equipment, net
beginning of year $22,500 · end of year $48,240
-
11 · Investments: publicly traded securities
beginning of year $1,033,845 · end of year $1,012,995
-
17 · Accounts payable and accrued expenses
end of year $20,417
-
18 · Grants payable
beginning of year $66,714 · end of year $49,143
-
19 · Deferred revenue
beginning of year $260,012 · end of year $392,065
-
25 · Other liabilities
beginning of year $0 · end of year $2,250
-
27 · Net assets without donor restrictions
beginning of year $1,118,133 · end of year $1,163,279
Mission and programs · 2024
Mission
DEDICATED TO ENHANCING PROFESSIONALISM, SCHOLARSHIP, AND SERVICE IN BANKRUPTCY AND INSOLVENCY LAW AND PRACTICE.
Activities or mission (Part I)
TO ENHANCE PUBLIC RESPECT FOR AND PROFESSIONALISM IN THE INSOLVENCY AND BANKRUPTCY PRACTICE.
-
COMMITTEE PROJECTS - THE COLLEGE HAS SEVERAL COMMITTEES THAT PROVIDE OPPORTUNITIES TO THE FELLOWS AND OTHERS IN THE INSOLVENCY FIELD INCLUDING EDUCATIONAL PROGRAMS, PRIMARY SUPPORT FOR THE NATIONAL BANKRUPTCY ARCHIVES AND VARIOUS PUBLICATIONS, AND SUPPORT FOR RESEARCH AND ANALYSIS ON DOMESTIC AND INTERNATIONAL INSOLVENCY ISSUES.
-
CONFERENCES - THE COLLEGE HAS TWO MAIN CONFERENCES EACH YEAR TO PROVIDE EDUCATIONAL SEMINARS AND NETWORKING OPPORTUNITIES TO ITS FELLOWS.
-
OUTREACH AND SUPPORT - THE COLLEGE, ALONG WITH THE FOUNDATION, IS ONE OF THE LARGEST FINANCIAL SUPPORTERS OF BANKRUPTCY AND INSOLVENCY- RELATED PRO BONO LEGAL SERVICES PROGRAMS IN THE UNITED STATES THROUGH GRANTS DEDICATED TO PROVIDING SUPPORT AND GUIDANCE TO THOSE CONSIDERING OR SEEKING BANKRUPTCY. GRANTS ARE MADE TO LEGAL AID SERVICES THROUGHOUT THE COUNTRY FOR THE EXPRESS PURPOSE OF HELPING CONSUMERS WHO COULD NOT OTHERWISE AFFORD BANKRUPTCY AND INSOLVENCY ADVICE OR SERVICES. GRANTS ALSO SUPPORT ORGANIZATIONS PROVIDING INTERNSHIPS AND OTHER PROGRAMS CONSISTENT WITH THE COLLEGE'S GOALS. GRANT REQUESTS GO THROUGH A VERY RIGOROUS VETTING PROCESS TO ENSURE THAT ONLY QUALIFIED NON-PROFIT, CHARITABLE ORGANIZATIONS RECEIVE GRANTS.
As filed on the 2024 return.
Listed in Part VII
-
Melissa S KiblerMELISSA S KIBLER
CHAIR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 5
-
Charles A Beckham JrCHARLES A BECKHAM JR
PRESIDENT UNTIL MARCH, THEN CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 0.3 related
-
Patricia RedmondPATRICIA REDMOND
PRESIDENT AS OF MARCH
- Total calculated
- $0
- Hours/week
- 5 + 0.3 related
-
Hon Craig GoldblattHON CRAIG GOLDBLATT
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Hon Laurel IsicoffHON LAUREL ISICOFF
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Hon Clifton Jessup JrHON CLIFTON JESSUP JR
VICE PRESIDENT AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Karen A GiannelliKAREN A GIANNELLI
VICE-PRESIDENT UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Annette W JarvisANNETTE W JARVIS
SECRETARY UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Sandeep Qusba Director UntilSANDEEP QUSBA DIRECTOR UNTIL
MARCH, THEN SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Prof Elizabeth TashjianPROF ELIZABETH TASHJIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 0.3 related
-
Hon Janet BostwickHON JANET BOSTWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura Davis JonesLAURA DAVIS JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Cynthia NelsonCYNTHIA NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hon Lisa BeckermanHON LISA BECKERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Berry SpearsBERRY SPEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick AngPATRICK ANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles T ColemanCHARLES T COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas M FoleyDOUGLAS M FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Demetra LigginsDEMETRA LIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
E Franklin Childress JrE FRANKLIN CHILDRESS JR
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Jay S GellerJAY S GELLER
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Hon Mary Jo HestonHON MARY JO HESTON
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Hon Peggy HuntHON PEGGY HUNT
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Felicia PerlmanFELICIA PERLMAN
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Lisa SchweitzerLISA SCHWEITZER
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Paul S SingermanPAUL S SINGERMAN
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer C HagleJENNIFER C HAGLE
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 5
-
Paul E HarnerPAUL E HARNER
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jan M HaydenJAN M HAYDEN
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 5 + 0.3 related
-
Robert M Charles JrROBERT M CHARLES JR
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Hon Roberta A ColtonHON ROBERTA A COLTON
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Robert J KeachROBERT J KEACH
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Timothy F NixonTIMOTHY F NIXON
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
George T SnyderGEORGE T SNYDER
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Taft A KckinstryTAFT A KCKINSTRY
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 1
-
Shari BedkerSHARI BEDKER
EXECUTIVE DIRECTOR UNTIL JUNE
- Total calculated
- $0
- Hours/week
- 20 + 0.5 related
-
Alexandra Cc SchnappALEXANDRA CC SCHNAPP
EXECUTIVE DIRECTOR AS OF JULY
- Total calculated
- $0
- Hours/week
- 20 + 0.5 related
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.
Grants on this return
-
PRO BONO REGRANTS
-
NCBJ NEXT GENERATION SPONSORSHIP
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION
501(C)(3) · TO PROMOTE THE EDUCATIONAL AND CHARITABLE ACTIVITIES OF THE ACB. · VA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511609349300416
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