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Nonprofiteer
← AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION

Form 990 for tax year 2022

Filed by AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION.

Totals

Total revenue
$751,369
Total expenses
$541,573
Contributions and grants received
$710,456
Grants paid
$464,087
Program service revenue
$0
Investment income
$40,913
Other revenue
$0
Total assets, end of year
$2,392,232
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,392,232
Program services expenses (Part IX)
$464,087
Management and general expenses
$77,486
Fundraising expenses
$0
Program service expenses (Part III)
$464,087

Program services were 85.7% 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

    $235,600

  • 1f · All other contributions, gifts and grants

    $474,856

  • 1g · Noncash contributions included above

    $996

  • 3 · Investment income

    total $40,961 · excluded $40,961

  • 7a · Gross sales of assets other than inventory

    securities $172,309

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

    securities $172,357

  • 7c · Gain or loss

    securities -$48

  • 7d · Net gain or loss

    total -$48 · excluded -$48

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $464,087 · program services $464,087

  • 11a · Fees: management

    total $31,500 · management and general $31,500

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 11f · Fees: investment management

    total $9,570 · management and general $9,570

  • 13 · Office expenses

    total $9,173 · management and general $9,173

  • 14 · Information technology

    total $1,884 · management and general $1,884

  • 23 · Insurance

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

  • 24a · Other expenses: LICENSES

    total $7,667 · management and general $7,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,868 · end of year $332,271

  • 2 · Savings and temporary cash investments

    beginning of year $62,874 · end of year $288,557

  • 4 · Accounts receivable

    beginning of year $10,000 · end of year $500

  • 9 · Prepaid expenses and deferred charges

    end of year $6,556

  • 11 · Investments: publicly traded securities

    beginning of year $2,039,816 · end of year $1,764,348

  • 27 · Net assets without donor restrictions

    beginning of year $2,480,558 · end of year $2,392,232

Mission and programs · 2022

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, INCLUDE: SPONSORSHIP AND ENCOURAGEMENT OF LEGAL RESEARCH, PUBLICATIONS AND FORUMS; ESTABLISHMENT OF SCHOLARSHIPS, PROVIDING FOR THE COLLECTION AND MAINTENANCE OF DATA AND DOCUMENTS FOR SCHOLARLY RESEARCH; AND FOSTERING THE INSTITUTION AND MAINTENANCE OF LEGAL AID FACILITIES FOR THE INDIGENT.

    Expenses $464,087 · Grants $464,087

As filed on the 2022 return.

Listed in Part VII

  • Melissa S Kibler

    PRESIDENT UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3 + 5 related
  • Charles A Beckham Jr

    PRESIDENT AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Paul Harner Chair Until

    MARCH, THEN PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Jan Hayden Vice Chair Until

    MARCH, THEN CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Eric W Lam

    SECRETARY UNTIL MARCH

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

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Vincent E Lazar Director

    UNTIL MARCH, THEN VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • Lisa M Schweitzer Director Until

    MARCH, THEN SECRETARY

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

    DIRECTOR

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

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • William Wallander

    DIRECTOR

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

    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
  • Peggy Hunt

    DIRECTOR

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

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Isabel C Balboa

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Marjorie Kaufman

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR AS OF MARCH

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

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Hon Janet E Bostwick

    DIRECTOR UNTIL MARCH

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

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Hon Judith Wizmur

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Guy Davis

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Rozanne M Giunta

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    0.3
  • Richard Carmody Senior

    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
2022
Filed
24 July 2023
IRS schema version
2022v5.0
Source object
202322079349300232

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

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