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Nonprofiteer
← AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION.

Totals

Total revenue
$821,124
Total expenses
$693,544
Contributions and grants received
$739,826
Grants paid
$618,486
Program service revenue
$0
Investment income
$81,298
Other revenue
$0
Total assets, end of year
$2,797,100
Total liabilities, end of year
$40,000
Net assets or fund balances, end of year
$2,757,100
Program services expenses (Part IX)
$618,486
Management and general expenses
$75,058
Fundraising expenses
$0
Program service expenses (Part III)
$618,486

Program services were 89.2% 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.

  • 1d · Related organizations

    $262,300

  • 1f · All other contributions, gifts and grants

    $477,526

  • 1g · Noncash contributions included above

    $995

  • 3 · Investment income

    total $71,308 · excluded $71,308

  • 7a · Gross sales of assets other than inventory

    securities $507,713

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

    securities $497,723

  • 7c · Gain or loss

    securities $9,990

  • 7d · Net gain or loss

    total $9,990 · excluded $9,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $618,486 · program services $618,486

  • 11a · Fees: management

    total $33,000 · management and general $33,000

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11f · Fees: investment management

    total $10,402 · management and general $10,402

  • 13 · Office expenses

    total $11,789 · management and general $11,789

  • 14 · Information technology

    total $1,605 · management and general $1,605

  • 23 · Insurance

    total $3,192 · management and general $3,192

  • 24a · Other expenses: LICENSES

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,271 · end of year $363,399

  • 2 · Savings and temporary cash investments

    beginning of year $288,557 · end of year $226,884

  • 4 · Accounts receivable

    beginning of year $500 · end of year $4,611

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,556

  • 11 · Investments: publicly traded securities

    beginning of year $1,764,348 · end of year $2,202,206

  • 18 · Grants payable

    end of year $40,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,392,232 · end of year $2,757,100

Mission and programs · 2023

Mission

TO PROMOTE THE EDUCATIONAL AND CHARITABLE ACTIVITIES OF THE AMERICAN COLLEGE OF BANKRUPTCY.

  • THE FOUNDATION'S MISSIONS, WHICH ARE FOCUSED IN THE AREAS OF BANKRUPTCY AND INSOLVENCY, ARE SPONSORSHIP AND ENCOURAGEMENT OF LEGAL RESEARCH, PUBLICATIONS AND FORUMS; ESTABLISHMENT OF SCHOLARSHIPS; PROVISION OF THE COLLECTION AND MAINTENANCE OF DATA AND DOCUMENTS FOR SCHOLARLY RESEARCH; AND PROMOTION OF THE INSTITUTION AND MAINTENANCE OF LEGAL AID FACILITIES FOR THE INDIGENT.

    Expenses $618,486 · Grants $618,486

As filed on the 2023 return.

Listed in Part VII

  • Charles A Beckham Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 5 related
  • Jan Hayden

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Vincent E Lazar

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • Paul Harner

    PAST CHAIR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Lisa M Schweitzer

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Rebecca A Roof

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Isabel C Balboa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Steven N Berger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • J Scott Victor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • William Wallander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Prof Elizabeth Tashijan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • David A Warfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Mark Shinderman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • E Frank Childress Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Jay M Goffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Marjorie Kaufman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Julio E Mendoza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Patrick J Nash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Lynn Lewis Tavenner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Norman L Pernick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Robert J Rosenberg Sr

    SENIOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Leyza F Blanco

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Jay Bender

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Kathryn A Coleman

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Michael R Johnson

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Dwayne Murray

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Scott Wolfson

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Hon John Hoffman

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Kenneth H Eckstein

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Richard L Wasserman

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Jeanne P Darcey

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Peggy Hunt

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Hon Margaret M Mann

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Cecily A Dumas

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Corali Lopez-Castro

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Judy A O'Neill

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Sheila T Smith Senior

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Russell M Blain

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Shari Bedker

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 20 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202431239349301838

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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