Form 990 for tax year 2024
Filed by AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION.
Totals
- Total revenue
- $1,110,397
- Total expenses
- $813,580
- Contributions and grants received
- $778,528
- Grants paid
- $718,391
- Program service revenue
- $0
- Investment income
- $329,492
- Other revenue
- $2,377
- Total assets, end of year
- $3,110,544
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,110,544
- Program services expenses (Part IX)
- $718,391
- Management and general expenses
- $95,189
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $718,391
Program services were 88.3% 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
$256,700
-
1f · All other contributions, gifts and grants
$521,828
-
3 · Investment income
total $135,012 · excluded $135,012
-
7a · Gross sales of assets other than inventory
securities $363,186
-
7b · Less cost or other basis and sales expenses
securities $168,706
-
7c · Gain or loss
securities $194,480
-
7d · Net gain or loss
total $194,480 · excluded $194,480
-
11a · Other revenue: MISC. REVENUE
total $2,377 · excluded $2,377
-
11e · Other revenue, total
$2,377
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $718,391 · program services $718,391
-
11a · Fees: management
total $46,500 · management and general $46,500
-
11c · Fees: accounting
total $20,950 · management and general $20,950
-
11f · Fees: investment management
total $12,700 · management and general $12,700
-
13 · Office expenses
total $11,758 · management and general $11,758
-
23 · Insurance
total $3,256 · management and general $3,256
-
24a · Other expenses: LICENSES
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $363,399 · end of year $376,036
-
2 · Savings and temporary cash investments
beginning of year $226,884 · end of year $123,860
-
3 · Pledges and grants receivable
end of year $1,750
-
4 · Accounts receivable
beginning of year $4,611
-
11 · Investments: publicly traded securities
beginning of year $2,202,206 · end of year $2,606,648
-
15 · Other assets
beginning of year $0 · end of year $2,250
-
18 · Grants payable
beginning of year $40,000
-
27 · Net assets without donor restrictions
beginning of year $2,757,100 · end of year $3,110,544
Mission and programs · 2024
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 $718,391 · Grants $718,391
As filed on the 2024 return.
Listed in Part VII
-
Charles A Beckham JrCHARLES A BECKHAM JR
PRESIDENT UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 5 related
-
Patricia RedmondPATRICIA REDMOND
PRESIDENT AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 5 related
-
Jan HaydenJAN HAYDEN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 5 related
-
Vincent E LazarVINCENT E LAZAR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lisa M SchweitzerLISA M SCHWEITZER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca A RoofREBECCA A ROOF
TREASURER UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.5
-
Marjorie Kaufman DirectorMARJORIE KAUFMAN DIRECTOR
UNTIL MARCH, THEN TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Steven N BergerSTEVEN N BERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Mark ShindermanMARK SHINDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Jay M GoffmanJAY M GOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Julio E MendozaJULIO E MENDOZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lynn Lewis TavennerLYNN LEWIS TAVENNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Leyza F BlancoLEYZA F BLANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Jay BenderJAY BENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kathryn A ColemanKATHRYN A COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael R JohnsonMICHAEL R JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dwayne MurrayDWAYNE MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Scott WolfsonSCOTT WOLFSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Hon John HoffmanHON JOHN HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Christine E DevineCHRISTINE E DEVINE
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Laura Davis JonesLAURA DAVIS JONES
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Warren A UsitaneWARREN A USITANE
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Travis TorrenceTRAVIS TORRENCE
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Julie B TeicherJULIE B TEICHER
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Felicia PerlmanFELICIA PERLMAN
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Caroline A RecklerCAROLINE A RECKLER
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Eric L JohnsonERIC L JOHNSON
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Christopher M CandonCHRISTOPHER M CANDON
DIRECTOR AS OF MARCH
- Total calculated
- $0
- Hours/week
- 0.5
-
Isabel C BalboaISABEL C BALBOA
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
J Scott VictorJ SCOTT VICTOR
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
William WallanderWILLIAM WALLANDER
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Prof Elizabeth TashijanPROF ELIZABETH TASHIJAN
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 2 related
-
David A WarfieldDAVID A WARFIELD
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
E Frank Childress JrE FRANK CHILDRESS JR
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Patrick J NashPATRICK J NASH
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Norman L PernickNORMAN L PERNICK
DIRECTOR UNTIL MARCH
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert J Rosenberg SrROBERT J ROSENBERG SR
SENIOR DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Shari BedkerSHARI BEDKER
EXECUTIVE DIRECTOR UNTIL JUNE
- Total calculated
- $0
- Hours/week
- 0.5 + 20 related
-
Alexandra Cc SchnappALEXANDRA CC SCHNAPP
EXECUTIVE DIRECTOR AS OF JULY
- 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
-
$38,341
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$27,500
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$22,500
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$15,000
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$15,000
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$15,000
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
$15,000
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
-
TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS.
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.
-
AMERICAN COLLEGE OF BANKRUPTCY
501(C)(6) · TO PROMOTE EXCELLENCE IN THE FIELD OF BANKRUPTCY. · VA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541609349300414
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