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Nonprofiteer
← AMERICAN COLLEGE OF BANKRUPTCY

Form 990 for tax year 2025

Filed by AMERICAN COLLEGE OF BANKRUPTCY.

Totals

Total revenue
$1,223,823
Total expenses
$1,055,301
Contributions and grants received
$547,000
Grants paid
$308,162
Program service revenue
$612,870
Investment income
$58,517
Other revenue
$5,436
Total assets, end of year
$1,808,551
Total liabilities, end of year
$382,300
Net assets or fund balances, end of year
$1,426,251
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

    $547,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $326,850 · related or exempt $326,850

  • 2b · Program service revenue: SPRING CONFERENCE

    total $140,525 · related or exempt $140,525

  • 2c · Program service revenue: REGIONAL MEETINGS

    total $95,340 · related or exempt $95,340

  • 2d · Program service revenue: FALL CONFERENCE

    total $35,630 · related or exempt $35,630

  • 2e · Program service revenue: INTERNATIONAL COURSE F

    total $14,525 · related or exempt $14,525

  • 3 · Investment income

    total $56,214 · excluded $56,214

  • 7a · Gross sales of assets other than inventory

    securities $654,441

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

    securities $652,138

  • 7c · Gain or loss

    securities $2,303

  • 7d · Net gain or loss

    total $2,303 · excluded $2,303

  • 11a · Other revenue: ADJUSTMENTS AND REFUND

    total $5,436 · excluded $5,436

  • 11e · Other revenue, total

    $5,436

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $271,500

  • 2 · Grants to domestic individuals

    total $36,662

  • 11a · Fees: management

    total $148,200

  • 11c · Fees: accounting

    total $15,000

  • 11f · Fees: investment management

    total $4,887

  • 11g · Fees: other

    total $75,814

  • 13 · Office expenses

    total $66,565

  • 14 · Information technology

    total $4,225

  • 17 · Travel

    total $40,709

  • 19 · Conferences, conventions and meetings

    total $299,577

  • 22 · Depreciation, depletion and amortization

    total $10,720

  • 23 · Insurance

    total $4,503

  • 24a · Other expenses: BRANKRUPTCY ARCHIVES PR

    total $43,386

  • 24b · Other expenses: BAD DEBT

    total $14,300

  • 24c · Other expenses: INTERNATIONAL COURSE EX

    total $12,500

  • 24d · Other expenses: AWARD EXPENSES

    total $3,580

  • 24e · All other expenses

    total $3,173

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418,883 · end of year $401,885

  • 2 · Savings and temporary cash investments

    beginning of year $93,747

  • 4 · Accounts receivable

    beginning of year $5,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,539 · end of year $84,785

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

    $53,600

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

    $16,080

  • 10c · Land, buildings and equipment, net

    beginning of year $48,240 · end of year $37,520

  • 11 · Investments: publicly traded securities

    beginning of year $1,012,995 · end of year $1,284,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,417

  • 18 · Grants payable

    beginning of year $49,143

  • 19 · Deferred revenue

    beginning of year $392,065 · end of year $379,990

  • 25 · Other liabilities

    beginning of year $2,250 · end of year $2,310

  • 27 · Net assets without donor restrictions

    beginning of year $1,163,279 · end of year $1,426,251

Mission and programs · 2025

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.

  • 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.

  • 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.

As filed on the 2025 return.

Listed in Part VII

  • Charles A Beckham Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Patricia Redmond

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 0.3 related

  • Hon Craig Goldblatt

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Hon Clifton Jessup Jr

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Hon Laurel Isicoff

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sandeep Qusba

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Prof Elizabeth Tashjian

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Hon Janet Bostwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Davis Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Cynthia Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Lisa Beckerman

    DIRECTOR UNTIL MARCH

    Total calculated
    $0
    Hours/week
    1

  • Berry Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Ang

    DIRECTOR UNTIL JUNE

    Total calculated
    $0
    Hours/week
    1

  • Charles T Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas M Foley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Demetra Liggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • E Franklin Childress Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay S Geller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Mary Jo Heston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Peggy Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felicia Perlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Lisa Schweitzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul S Singerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer C Hagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Baxter

    DIRECTOR AS OF MARCH

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Cc Schnapp

    EXECUTIVE DIRECTOR

    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

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
2025
Filed
14 May 2026
IRS schema version
2025v4.1
Source object
202601989349300800

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