2025-11-10T15:58:46-06:00 2024-12-31 990 2024-01-01 231352008 The American College AMER 6105261000 630 Allendale Road 400 King of Prussia PA 19406 MARK MONTGOMERY CHIEF FINANCIAL AND RISK OFFICER 6105261518 2025-11-10 0 2024 2025-03-06 01:10:19Z The American College of Financial Se George Nichols III 630 Allendale Road 400 King of Prussia PA 19406 42259786 0 X www.theamericancollege.edu X 1927 PA The mission of The American College of Financial Services (continued on next page). 20 18 236 100 0 0 4241123 6137732 29390270 29656599 1330028 1488876 1471012 1376366 36432433 38659573 2069228 1116696 0 0 28941137 28454632 0 0 2691956 15581743 14982786 46592108 44554114 -10159675 -5894541 89365690 87798860 23829189 27694611 65536501 60104249 X The mission of The American College of Financial Services is to provide applied financial knowledge and education, promote life-long learning, and advocate for ethical standards for the benefit of society. 1 0 21632149 765726 19408055 The Huebner School administers the curriculum leading to the CLU, ChFC, RICP, ChLF, ChSNC, and WMCP professional designations. It also provides the educational content needed to obtain the CFP professional designation. There are approximately 14,000 students enrolled in these programs. 2864331 317785 2569837 The Irwin Graduate School administers the curriculum leading to the Master of Science in Management, the Master of Science in Financial Planning, and the Chartered Advisor in Philanthropy designation. There are approximately 1,000 students enrolled in these programs. 2763403 5205 2479286 The 'Non Credit Designations' category includes the new Tax Planning Certified Professional (TPCP) and the Financial Services Certified Professional Program. The TPCP opened for enrollment in 2024 and provides financial professionals with comprehensive tax planning training. The Financial Services Certified Professional (FSCP) Program administers the curriculum leading to the FSCP professional designation. There are approximately 2,300 students enrolled in these programs. 5795256 27980 5199421 5795256 27980 5199421 33055139 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 209 0 1 236 1 0 0 0 0 0 0 0 0 0 0 1 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OR PA RI SC TN VA WI WV X Alexander Eom 6105261263 630 Allendale Rd Suite 400 King of Prussia PA 19406 George Nichols President & CEO 40.00 X X 1096751 0 24708 Todd Schoon EVP & Senior Advisor to the President 40.00 X X 78000 0 0 Joe Bergan Trustee 1.00 X 0 0 0 Scott Berlin through 062024 Trustee 1.00 X 0 0 0 Wallace Boston Trustee 1.00 X 0 0 0 Brandon Carter Trustee 1.00 X 0 0 0 Lisa Davis eff 022024 Trustee 1.00 X 0 0 0 Edward Deutschlander Trustee 1.00 X 0 0 0 Kristin Ferguson eff 022024 Trustee 1.00 X 0 0 0 Matt Foran Trustee 1.00 X 0 0 0 Timothy Gerend through 062024 Trustee 1.00 X 0 0 0 John Howard Trustee 1.00 X 0 0 0 Salene Hitchcock-Gear Board Chair 1.00 X X 0 0 0 Michael James Trustee 1.00 X 0 0 0 Michelle Johnson Trustee 1.00 X 0 0 0 Paul LaPiana eff 092024 Trustee 1.00 X 0 0 0 Cheri Lytle Trustee 1.00 X 0 0 0 Brad Montgomery Trustee 1.00 X 0 0 0 Ellen Rinaldi Trustee 1.00 X 0 0 0 John Roberts eff 062024 Trustee 1.00 X 0 0 0 Kristi Rodriguez Trustee 1.00 X 0 0 0 Matthew Spriggs Trustee 1.00 X 0 0 0 Mark Montgomery Chief Financial & Risk Officer 40.00 X 339683 0 49849 Ryan Shaw Deputy CFRO & Treasurer 40.00 X 205617 0 11053 Gwendolyn Hall EVP - Provost 40.00 X 496450 0 27985 Deborah Glenn VP - Administration and CHRO 40.00 X 356184 0 21177 Elizabeth Gray SVP - Institute for Learning Innovation 40.00 X 190471 0 11512 Jared Trexler SVP -Chief Marketing & Strategy Officer 40.00 X 354364 0 15932 David Stoeffel SVP - Business Development 40.00 X 472551 0 24691 Robert Moldoff SVP & Chief Information Officer 40.00 X 176440 0 9721 Carol Prushan SVP - Advancement and Alumni Relations 40.00 X 380423 0 20594 Michael Finke Professor & Frank M. Eng 40.00 X 266167 0 19593 Joellen Meckley AVP - Managing Dir. Center for Special Needs 40.00 X 195736 0 14631 Sophia Duffy Associate Professor & TPCP 40.00 X 169760 0 18241 Phillip Easton Exec. Dir. - Center for Military 40.00 X 189717 0 11429 Azish Filabi Exec. Dir. - for Ethics in Fin. Services 40.00 X 250389 0 21350 5218703 0 302466 83 0 1 0 Faegre Drinker Biddle & Reath LLP One Logan Square Suite 2000 Phildelphia PA 19103 Legal Services 184620 EisnerAmper LLP 733 Third Ave New York NY 10017 Audit Services 132563 Jay Uneeka 256 Eagleview Boulevard Suite 355 Exton PA 19341 Executive and Staff Coaching 114435 Petersen James 4640 Sidonia Court Fort Worth TX 76126 Academic Consultant 109137 Ed Slott And Company LLC 100 Merrick Road Suite 200E Rockville Centre NY 11570 ACADEMIC CONSULTANT 104814 5 1327000 4810732 25215 6137732 Solomon S. Huebner 611310 19408055 19408055 Other Program Revenue 611310 5199421 5199421 Richard D. Irwin Gradu 611310 2569837 2569837 Non Credit Designation 611310 2479286 2479286 29656599 1337000 1337000 224802 224802 2133117 85004 2048113 2048113 2048113 2350000 2198124 151876 151876 151876 346268 1327000 1317085 -970817 -970817 Institutional Book Sal 611310 71889 71889 2379 2379 74268 38659573 0 0 32521841 1116696 1116696 4395539 2085253 1899575 410711 18319759 14595495 2831937 892327 132779 132779 3891966 2862066 807514 222386 1714589 1260871 355747 97971 198583 20151 173319 5113 118287 118287 3266087 2336290 435682 494115 1157239 1124245 2376 30618 400198 305697 72241 22260 1975441 1686381 149620 139440 542507 373036 121296 48175 257684 71910 142514 43260 1902049 1529661 256505 115883 448375 351721 96654 Curriculum Development 1824252 1822344 1523 385 Other General Administr 1457013 1208868 229786 18359 Plant Operations 839600 654190 136997 48413 Bank Service Charge 595471 1985 587600 5886 44554114 33055139 8807019 2691956 1184734 2369560 2156781 3925146 7476108 5215162 4040047 2814321 38652 35353 2558483 2997537 48822407 22378281 27428024 26444126 26889797 28078595 7541832 6057907 10051232 9861153 89365690 87798860 7045461 7124439 15658991 19064300 1124733 1505872 23829189 27694611 X 8163996 2351752 57372505 57752497 65536501 60104249 89365690 87798860 X -5894541 601151 -138862 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142552 X X 0 43946857 236494 2434840 1756355 4535873 42548704 2064497 877813 1544157 43946857 42247027 2211222 -554959 1354586 42548704 45679213 2679107 585320 6696613 42247027 54081458 3595469 -2721928 9275786 45679213 0.17190 0.57770 0.25040 0 0 7976047 7976047 17252577 4014246 13238331 5395222 2695427 2699795 17339319 15668608 1670711 859242 859242 26444126 Schwab Treasury Obligations Money Fund: SCOXX 6057907 F 6057907 Life Insurance CSV - Contributed Policies 9861153 9861153 Accrued Pension 554409 Loan Payable 944674 Annuities Payable 6789 1505872 X 40753002 601151 1492278 2093429 38659573 0 38659573 45871200 1317086 1317086 44554114 0 44554114 Part V, Line 4: The College's endowment funds are held in perpetuity and the investment earnings are used in accordance with the donors' intents, which ultimately align with the mission of the College. Part X, Line 2: The Internal Revenue Service has classified The American College as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code ("Code"); as organizations, contributions to which are deductable under Section 170(c) of the Code; and as organizations that are not private foundations as defined in Section 509(a) of the Code. U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability, if the College has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax position taken by the College and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Part III, Line 4 The Circular Corners Statue is prominently displayed and enhances the visual footprint of the building. The Huebner Tea Set was used by the College's founder and was contributed by his family. It is displayed in the College's Executive Suite. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 Schedule E, Part I, Line 3 The American College offers private donor funded scholarships as educational assistance for underserved communities in line with the College's mission. Schedule E, Part I, Line 4 The American College does not require ethnic and gender information from students who are matriculating or enrolling for courses at the graduate or designation levels. The College offers students the opportunity to voluntarily provide race, gender, and other demographics on the student profiles after enrollment. The College offers private donor funded scholarships to members of underserved communities. Schedule E, Part I, Line 5 The College offers private donor funded scholarship assistance to members of underserved communities. Schedule E, Part I, Line 7 The American College of Financial Services provides equal opportunity to students and employees, regardless of race, color, and national or ethnic origin. Conference of African American Fin 931078 635000 296078 8042 310123 431238 174603 132291 Military Summit 226300 220000 6300 2573 48312 56970 41313 46833 3 515890 472000 43890 11171 45396 7500 719 1673268 1327000 346268 10615 369606 533604 223416 179843 1317084 -970816 0 Tuition Assistance (Scholarships) 1106 1116696 X X X 1 1 X X X X 0 1 0 1 0 1 0 0 0 George Nichols President & CEO 750187 0 325000 0 21564 0 22425 0 2283 0 1121459 0 0 0 Gwendolyn Hall EVP - Provost 395326 0 78000 0 23124 0 17250 0 10735 0 524435 0 0 0 David Stoeffel SVP - Business Development 387693 0 78000 0 6858 0 21208 0 3483 0 497242 0 0 0 Carol Prushan SVP - Advancement and Alumni Relatio 356859 0 20000 0 3564 0 17111 0 3483 0 401017 0 0 0 Mark Montgomery Chief Financial & Risk Officer 270179 0 68694 0 810 0 18268 0 31581 0 389532 0 0 0 Deborah Glenn VP - Administration and CHRO 277032 0 68694 0 10458 0 18427 0 2750 0 377361 0 0 0 Jared Trexler SVP -Chief Marketing & Strategy Offi 284220 0 68304 0 1840 0 14164 0 1768 0 370296 0 0 0 Michael Finke Professor & Frank M. Eng 263845 0 0 0 2322 0 17225 0 2368 0 285760 0 0 0 Azish Filabi Exec. Dir. - for Ethics in Fin. Serv 206079 0 32500 0 11810 0 10615 0 10735 0 271739 0 0 0 Ryan Shaw Deputy CFRO & Treasurer 189764 0 14040 0 1813 0 9351 0 1702 0 216670 0 0 0 Joellen Meckley AVP - Managing Dir. Center for Spec 194926 0 0 0 810 0 10500 0 4131 0 210367 0 0 0 Elizabeth Gray SVP - Institute for Learning Innovat 179080 0 10920 0 471 0 9077 0 2435 0 201983 0 0 0 Phillip Easton Exec. Dir. - Center for Military 187364 0 0 0 2353 0 9368 0 2061 0 201146 0 0 0 Sophia Duffy Associate Professor & TPCP 169268 0 0 0 492 0 14779 0 3462 0 188001 0 0 0 Robert Moldoff SVP & Chief Information Officer 170478 0 0 0 5962 0 8497 0 1224 0 186161 0 0 0 Part I, Line 1a The Executive Committee of the Board has authorized the President to travel first class air on trips over four hours. The President and certain members of the Executive Leadership team are also allowed a housing allowance and/or health or social Club dues or initiation fees as part of their employment agreements. Part I, Line 3 The College's Compensation Committee, composed of Board members, determines the base compensation and annual incentive award of the President & CEO. They also review and approve the President & CEO's recommendations for other members of the College's leadership team. The award amounts are tied to the College's goals as well as individual performance and based on a qualitative evaluation of the accomplishment of goals that are determined at the beginning of the year. Part I, Line 5: In 2019 The College implemented short and long term incentive plans for top level executives. The Short Term Incentive Plan (STIP) is offered to members of the College's Leadership with annual payouts based on the achievement of enterprise-wide goals and objectives. The first payout was made in February 2020 for the 2019 calendar year. The Long Term Incentive Plan (LTIP) is offered to The College's Executive Leadership Team and is designed to retain and reward key executives based on the achievement of The College's long-term strategic objectives. The next potential payout date is February 2028, coinciding with The College's 100 year anniversary. X 5 25215 FMV 0 1 0 Schedule M, Part I, Column (b): The College received 5 separate stock gifts representing new contributions. Form 990, Part III, line 2 The Tax Planning Certified Professional (TPCP) is a specialized designation credential offered by The American College of Financial Services that provides financial professionals with comprehensive tax planning training. The designation was open for enrollment in November of 2024. Form 990, Part VI, Section B, line 11b The Form 990 is completed by Finance staff and reviewed by the Chief Finance & Risk Officer for accuracy and completeness. It is then reviewed by the College's independent auditors. Once these steps are completed, it is presented to the College's Finance & Investment Committee and the full Board of Trustees for their review. This process involves sending the completed Form electronically to the Committee and Board and reviewing the Form during Committee's quarterly meeting prior to filing. Form 990, Part VI, Section B, line 12c All members of the College's Board of Trustees and all employees are required to complete the conflict of interest form annually. The returned forms are tabulated to ensure 100% response. The results of the Board member's responses are communicated to the Audit and Risk Committee and independent auditors and appropriate action is recommended. The results of the employee responses are communicated to the Chief Financial & Risk Officer and independent auditors and appropriate action is taken. Form 990, Part VI, Section B, line 15 The College's Compensation Committee, composed of Board members, determines the base compensation and annual incentive award of the President & CEO. They also review and approve the President & CEO's recommendations for other members of the College's leadership team. The award amounts are tied to individual performance and based on both quantitative and qualitative evaluation of the accomplishment of goals that are determined at the beginning of the year. Form 990, Part VI, Section C, line 18 The governing documents, conflict of interest policy, and financial statements are made available to the public on an as requested basis. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public on an as requested basis. Form 990, Part XI, line 9: Increase in Minimum Pension Liability -314055. Other Changes (Change in Life insurance CSV) 175193.