AMERICAN COLLEGE: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN COLLEGE (EIN 23-1352008)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-16
- IRS object ID
- 201533209349305753
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-16T11:27:30-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The American College | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 S Bryn Mawr Avenue | AddressLine1Txt |
| City | Bryn Mawr | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352008 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The American College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 6105261510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 S Bryn Mawr Avenue | AddressLine1Txt |
| City | Bryn Mawr | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19010 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Neal R Fegely | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 6105261501 | PhoneNum |
| Signature | 2015-11-16 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6105261510 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Robert R Johnson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 S Bryn Mawr Avenue | AddressLine1Txt |
| City | Bryn Mawr | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $37,565,417 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.theamericamcollege.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1927 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | The mission of The American College is to raise the level of professionalism in financial services by promoting ongoing education, ethical practices, and the pursuit of new knowledge for the benefit of society. | ActivityOrMissionDesc |
| Voting Members Governing Body | 46 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 45 | VotingMembersIndependentCnt |
| Total Employee | 239 | TotalEmployeeCnt |
| Total Volunteers | 90 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,574,535 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,218,209 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,204,727 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $30,064,514 | CYProgramServiceRevenueAmt |
| PY Investment Income | $951,929 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,555,994 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,636,867 | PYOtherRevenueAmt |
| CY Other Revenue | $1,633,680 | CYOtherRevenueAmt |
| PY Total Revenue | $35,368,058 | PYTotalRevenueAmt |
| CY Total Revenue | $37,472,397 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $83,406 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $81,137 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,289,857 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,828,357 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $139,978 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $146,409 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,009,015 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,125,594 | PYOtherExpensesAmt |
| CY Other Expenses | $17,010,708 | CYOtherExpensesAmt |
| PY Total Expenses | $32,638,835 | PYTotalExpensesAmt |
| CY Total Expenses | $36,066,611 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,729,223 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,405,786 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $62,544,994 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,883,457 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,790,002 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,130,598 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,754,992 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $52,752,859 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The mission of The American College is to raise the level of professionalism in financial services by promoting ongoing education, ethical practices, and the pursuit of new knowledge for the benefit of society. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $15,793,220 | ExpenseAmt |
| Grant | $43,212 | GrantAmt |
| Revenue | $23,739,152 | RevenueAmt |
| Desc | Solomon S. Huebner School - The Huebner School administers the curriculum leading to the CLU, ChFC, RHU, REBC, CLF, CASL, RICP, and ChHC professional designations. There are approximately 18,700 students enrolled in these programs. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,732,549 | ExpenseAmt |
| Grant | $2,141 | GrantAmt |
| Revenue | $2,467,848 | RevenueAmt |
| Desc | LUTC and FSCP Programs - The LUTC and FSCP programs administer the curriculum leading to the LUTCF, FSS, and FSCP professional designations. There are approximately 3,600 students enrolled in these programs. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,808,086 | ExpenseAmt |
| Grant | $35,784 | GrantAmt |
| Revenue | $2,973,820 | RevenueAmt |
| Desc | Richard D. Irwin School of Management and Doctoral Program - The Irwin School administers the curriculum leading to the Master of Science degrees. Specialities are offerred in Financial Planning and Advanced Leadership. There are approximately 860 students in the Graduate School. The Doctoral Program provides a PhD in Financial and Retirement Planning. There are currently 36 students in this program. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,145,726 | ExpenseAmt |
| Revenue | $883,694 | RevenueAmt |
| Desc | Integrated Learning Platform - Provides customized training and education to client companies in the financial services arena utilizing the College's resources.Certified Financial Analyst - Provides educational products for individuals preparing for the three levels testing that comprise the CFA examination. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,145,726 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $883,694 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $22,479,581 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 211 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 239 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 46 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 45 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John G Wells | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6105261510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 S Bryn Mawr Avenue | AddressLine1Txt |
| City | Bryn Mawr | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19010 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (61 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| David M Anderson | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Wendy A Benson | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Lee V Bethel | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Christopher O Blunt | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Peter C Browne | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| Ron Carson | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Edward W Cassidy | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Nicholas M Cecere | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| George I Connolly | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Susan M Cooper | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Michael J Corey | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ralph L Crews | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| J Scott Davison | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Michael Doughty | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Caroline Feeney | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Anthony M Garcia | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Peter A Golato | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Randall H Harbert | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas H Harris | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Salene Hitchcock-Gear | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Gary T Huffman | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Fred Jonske | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Paul A LaPiana | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Anne Long | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Eugene F LoVasco | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| James J Meehan | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| James A Mitchell | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Linda S Need | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| Scott R Perry | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert B Plybon | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Reginald N Rabjohns | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| Phillip C Richards | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Michael Rosenzweig | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| Albert J Schiff | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| Todd M Schoon | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert D Shapiro | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Frederick J Sievert | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Nikki L Sorum | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Jon S Stenberg | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas P Tooley | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Leo C Tucker | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mary A Weiss | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert J Wernecke | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Doyle J Williams | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert Wright | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Laurence Barton | |||||||||
| President & CEO - 1/14 | 39.00 | $367,331 | $0 | $17,880 | 1.00 | Yes (X) | |||
| Michael Davidson | |||||||||
| President & CEO - 2/14 to 9/14 | 39.00 | $248,462 | $0 | $0 | 1.00 | Yes (X) | |||
| Robert Johnson | |||||||||
| President & CEO - 10/14 to 12/14 | 39.00 | $154,321 | $0 | $4,895 | 1.00 | Yes (X) | |||
| Neal R Fegely | |||||||||
| Chief Operating Officer | 39.00 | $395,622 | $0 | $28,569 | 1.00 | Yes (X) | |||
| John G Wells | |||||||||
| Treasurer & Controller | 39.00 | $109,352 | $0 | $9,195 | 1.00 | Yes (X) | |||
| Keith Hickerson | |||||||||
| Executive Vice President | 40.00 | $291,654 | $0 | $6,814 | Yes (X) | ||||
| Walter Woerheide | |||||||||
| Chief Academic Officer | 40.00 | $248,177 | $0 | $31,138 | Yes (X) | ||||
| Jack Hondros | |||||||||
| Chief Marketing Officer | 40.00 | $353,560 | $0 | $30,111 | Yes (X) | ||||
| Edward McEvoy | |||||||||
| Chief Technology Officer | 40.00 | $235,166 | $0 | $16,425 | Yes (X) | ||||
| Charles Cronin | |||||||||
| Senior Vice President - Advancement | 39.00 | $221,656 | $0 | $12,412 | 1.00 | Yes (X) | |||
| Stephen Tarr | |||||||||
| Senior Vice President | 40.00 | $193,361 | $0 | $35,184 | Yes (X) | ||||
| David Littell | |||||||||
| Director - New York Life Retirement Center | 40.00 | $270,266 | $0 | $16,528 | Yes (X) | ||||
| Craig Lemoine | |||||||||
| Assistant Professor of Finance | 40.00 | $257,548 | $0 | $18,175 | Yes (X) | ||||
| Glenn Boseman | |||||||||
| Dean - Graduate School | 40.00 | $246,400 | $0 | $20,015 | Yes (X) | ||||
| Christopher Woehrle | |||||||||
| Assistant Professor - Taxation | 40.00 | $226,976 | $0 | $12,783 | Yes (X) | ||||
| Paul Tanella | |||||||||
| Vice President - Sales | 40.00 | $223,208 | $0 | $10,731 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,043,060 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $270,855 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 44 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Dechert LLP | |||||
| PO Box 7247-6643 | Philadelphia | PA | 191706643 | Legal services | $373,467 |
| Korn & Ferry International | |||||
| NW 5064 PO Box 1450 | Minneapolis | MN | 554855064 | Executive Search Services | $213,292 |
| Sloan & Company | |||||
| 7 Times Square Tower | New York | NY | 10036 | Public Relations Consulting | $148,683 |
| Clark Hill PLC | |||||
| PO Box 3760 | Pittsburgh | PA | 15230 | Legal Services | $137,081 |
| Allen McLellan | |||||
| 1405 North Red Maple Way | Downington | PA | 19335 | Course development/instruction | $130,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $4,218,209 | AllOtherContributionsAmt |
| Noncash Contributions | $23,603 | NoncashContributionsAmt |
| Total Contributions | $4,218,209 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Solomon S. Huebner Sch | 611310 | $23,739,152 | $23,739,152 |
| Richard D. Irwin Schoo | 611310 | $2,973,820 | $2,973,820 |
| LUTC and FSCP Programs | 611310 | $2,467,848 | $2,467,848 |
| Customized Consulting | 611310 | $810,654 | $810,654 |
| Chartered Financial An | 611310 | $73,040 | $73,040 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $30,064,514 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,555,994 | TotalRevenueColumnAmt |
| Exclusion | $1,555,994 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $43,200 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $191,050 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $93,020 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$49,820 | TotalRevenueColumnAmt |
| Exclusion | -$49,820 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Royalties | 611310 | $400,186 | $400,186 |
| PACE fees | 611310 | $365,646 | $365,646 |
| Membership fees | 611310 | $243,000 | $243,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $674,668 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $674,668 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,683,500 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,472,397 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,748,014 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,506,174 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,137 | TotalAmt |
| Program Services | $81,137 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,977,879 | TotalAmt |
| Program Services | $271,591 | ProgramServicesAmt |
| Management And General | $2,473,876 | ManagementAndGeneralAmt |
| Fundraising | $232,412 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,238,427 | TotalAmt |
| Program Services | $9,333,483 | ProgramServicesAmt |
| Management And General | $2,268,915 | ManagementAndGeneralAmt |
| Fundraising | $636,029 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,094,974 | TotalAmt |
| Program Services | $471 | ProgramServicesAmt |
| Management And General | $1,094,503 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,467,648 | TotalAmt |
| Program Services | $2,636,091 | ProgramServicesAmt |
| Management And General | -$1,391,218 | ManagementAndGeneralAmt |
| Fundraising | $222,775 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,049,429 | TotalAmt |
| Management And General | $1,049,429 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,023,399 | TotalAmt |
| Program Services | $293,193 | ProgramServicesAmt |
| Management And General | $730,206 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,992 | TotalAmt |
| Management And General | $86,992 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,409 | TotalAmt |
| Fundraising | $146,409 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,445,747 | TotalAmt |
| Program Services | $1,065,074 | ProgramServicesAmt |
| Management And General | $380,673 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,534,854 | TotalAmt |
| Program Services | $1,442,084 | ProgramServicesAmt |
| Management And General | $23,080 | ManagementAndGeneralAmt |
| Fundraising | $69,690 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $575,081 | TotalAmt |
| Program Services | $330,561 | ProgramServicesAmt |
| Management And General | $219,616 | ManagementAndGeneralAmt |
| Fundraising | $24,904 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $927,826 | TotalAmt |
| Program Services | $855,422 | ProgramServicesAmt |
| Management And General | $72,404 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,819 | TotalAmt |
| Program Services | $63,819 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,842,126 | TotalAmt |
| Program Services | $61,581 | ProgramServicesAmt |
| Management And General | $1,780,545 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,112 | TotalAmt |
| Program Services | $357,485 | ProgramServicesAmt |
| Management And General | $203,629 | ManagementAndGeneralAmt |
| Fundraising | $83,998 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,133,378 | TotalAmt |
| Program Services | $4,292,484 | ProgramServicesAmt |
| Management And General | $403,805 | ManagementAndGeneralAmt |
| Fundraising | $437,089 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $948,480 | TotalAmt |
| Management And General | $948,480 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,240 | TotalAmt |
| Management And General | $225,238 | ManagementAndGeneralAmt |
| Fundraising | $152,002 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Printing and Publicatio | $939,106 | $931,307 | $7,399 | $400 |
| Bank Service Charges | $396,402 | $0 | $396,402 | $0 |
| Recruiting/Employment | $381,042 | $413 | $380,629 | $0 |
| Library Services | $214,331 | $208,582 | $4,162 | $1,587 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,773 | TotalAmt |
| Program Services | $254,803 | ProgramServicesAmt |
| Management And General | $219,250 | ManagementAndGeneralAmt |
| Fundraising | $1,720 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,066,611 | TotalAmt |
| Program Services | $22,479,581 | ProgramServicesAmt |
| Management And General | $11,578,015 | ManagementAndGeneralAmt |
| Fundraising | $2,009,015 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,472,220 | BOYAmt |
| EOY | $3,703,552 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,866,489 | BOYAmt |
| EOY | $3,359,266 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,962,827 | BOYAmt |
| EOY | $3,783,526 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $475,223 | BOYAmt |
| EOY | $379,623 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $709,625 | BOYAmt |
| EOY | $617,435 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $18,835,622 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,792,947 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,100,200 | BOYAmt |
| EOY | $3,042,675 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,259,253 | BOYAmt |
| EOY | $46,294,602 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,699,157 | BOYAmt |
| EOY | $2,702,778 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,544,994 | BOYAmt |
| EOY | $63,883,457 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,869,926 | BOYAmt |
| EOY | $5,491,432 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $879,473 | BOYAmt |
| EOY | $1,319,255 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,040,603 | BOYAmt |
| EOY | $4,319,911 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,790,002 | BOYAmt |
| EOY | $11,130,598 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,470,425 | BOYAmt |
| EOY | $39,740,661 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,284,567 | BOYAmt |
| EOY | $13,012,198 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,754,992 | BOYAmt |
| EOY | $52,752,859 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,544,994 | BOYAmt |
| EOY | $63,883,457 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,405,786 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$538,782 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,869,137 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $971 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $971 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $36,065,640 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $36,066,611 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $2,937 | CurrentYearMinus3Amt |
| Current Year Minus2 | $7,319 | CurrentYearMinus2Amt |
| Current Year Minus1 | $8,242 | CurrentYearMinus1Amt |
| Current Year | $971 | CurrentYearAmt |
| Total | $19,469 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,808,428 | BeginningYearBalanceAmt |
| Contributions | $2,977,808 | ContributionsAmt |
| Investment Earnings Or Losses | $1,120,383 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $952,001 | OtherExpendituresAmt |
| End Year Balance | $52,954,618 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,310,907 | BeginningYearBalanceAmt |
| Contributions | $3,540,277 | ContributionsAmt |
| Investment Earnings Or Losses | $3,952,710 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $995,466 | OtherExpendituresAmt |
| End Year Balance | $49,808,428 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,956,582 | BeginningYearBalanceAmt |
| Contributions | $5,642,329 | ContributionsAmt |
| Investment Earnings Or Losses | $3,687,000 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $975,004 | OtherExpendituresAmt |
| End Year Balance | $43,310,907 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,827,356 | BeginningYearBalanceAmt |
| Contributions | $1,711,521 | ContributionsAmt |
| Investment Earnings Or Losses | -$301,942 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,280,353 | OtherExpendituresAmt |
| End Year Balance | $34,956,582 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,985,325 | BeginningYearBalanceAmt |
| Contributions | $380,624 | ContributionsAmt |
| Investment Earnings Or Losses | $3,087,692 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $626,285 | OtherExpendituresAmt |
| End Year Balance | $34,827,356 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.35590 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.50560 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.13850 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,684,676 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,936,009 | DepreciationAmt |
| Book Value | $1,748,667 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,150,946 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,856,938 | DepreciationAmt |
| Book Value | $1,294,008 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,042,675 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Univeersity City science Center Stock | $1,000 | C |
| Investment portfolio | $46,293,602 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $46,294,602 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuity obligation | $105,103 |
| Accrued pension costs | $4,214,808 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,319,911 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,170,401 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$538,780 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,236,784 | OtherRevenueAmt |
| Revenue Not Reported | $698,004 | RevenueNotReportedAmt |
| Revenue Subtotal | $37,472,397 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $37,472,397 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,066,611 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $36,066,611 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $36,066,611 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | Endowment funds are solicited and managed by the American College Foundation - EIN# 23-3015130 in support of the mission of The American College subject to donor/fund restrictions. |
| Part X, Line 2: | The Internal Revenue Service ("IRS") has classified The American College and the Foundation as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code ("Code"); as organizations, contributions to which are deductible under Section 170(c) of the Code; and as organizations that are not private foundations as defined in Section 509(a) of the Code. Accounting principles generally accepted in the United States of America require 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 positions taken by the College and has concluded that as of December 31, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The College recognizes accrued interest and penalties associated with uncertain tax positions, if any. There were no income tax related interest and penalties recorded for the years ended December 31, 2014 and 2013. The tax returns of the College for the years ended December 31, 2011 through 2014 are or will be subject to examination by the IRS and other various taxing authorities, generally for three years after they are filed. |
| Part XI, Line 2d - Other Adjustments: | Transfer of net assets from the American College Foundation - EIN 23-301513 1131349. Increase in cash surrender values 105435. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | 0 | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | 0 | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The non-discrimination policy is published in our brochures, on our admission and matriculation forms, and appears on the College's website as part of its privacy policy. |
| Schedule E, Part I, Line 4 | The American College neither requests nor requires ethnic or gender information from students who are matriculating or enrolling for courses at the graduate or designation level. The American College neither requests nor requires ethnic or gender information from students who are applying for scholarships to its designation or graduate programs. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Agrmt Prof Fundraising Acty | 0 | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Harris Connect | ||||||||
| 1511 Rt 22 - Suite C-25 | Brewster | NY | 10509 | Phone solicitation | 0 | $104,591 | $112,265 | -$7,674 |
| Schultz & Williams Inc | ||||||||
| 5 Chestnut St Suite 700 | Philadelphia | PA | 191062422 | Campaign consulting | 0 | $0 | $34,144 | -$34,144 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $104,591 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $146,409 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$41,818 | TotalNetToOrganizationAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AZ | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Veteran's Center Clambake | Event1Nm |
| Gross Receipts Event1 | $234,250 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $191,050 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $43,200 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $38,168 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $21,345 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $33,507 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $234,250 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $191,050 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $43,200 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $38,168 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $21,345 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $33,507 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $93,020 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$49,820 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Tuition assistance | GrantTypeTxt |
| Recipient | 56 | RecipientCnt |
| Cash Grant | $81,137 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Laurence Barton | ||||||||||||||
| President & CEO - 1/14 | $186,923 | $0 | $150,000 | $0 | $30,408 | $0 | $14,354 | $0 | $3,526 | $0 | $385,211 | $0 | $0 | $0 |
| Michael Davidson | ||||||||||||||
| President & CEO - 2/14 to 9/14 | $198,462 | $0 | $50,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $248,462 | $0 | $0 | $0 |
| Robert Johnson | ||||||||||||||
| President & CEO - 10/14 to 12/14 | $100,385 | $0 | $0 | $0 | $53,936 | $0 | $2,008 | $0 | $2,887 | $0 | $159,216 | $0 | $0 | $0 |
| Neal R Fegely | ||||||||||||||
| Chief Operating Officer | $288,500 | $0 | $35,000 | $0 | $72,122 | $0 | $16,738 | $0 | $11,831 | $0 | $424,191 | $0 | $0 | $0 |
| Keith Hickerson | ||||||||||||||
| Executive Vice President | $265,385 | $0 | $0 | $0 | $26,269 | $0 | $6,350 | $0 | $464 | $0 | $298,468 | $0 | $0 | $0 |
| Walter Woerheide | ||||||||||||||
| Chief Academic Officer | $177,490 | $0 | $0 | $0 | $70,687 | $0 | $14,199 | $0 | $16,939 | $0 | $279,315 | $0 | $0 | $0 |
| Jack Hondros | ||||||||||||||
| Chief Marketing Officer | $220,000 | $0 | $80,000 | $0 | $53,560 | $0 | $17,600 | $0 | $12,511 | $0 | $383,671 | $0 | $0 | $0 |
| Edward McEvoy | ||||||||||||||
| Chief Technology Officer | $185,000 | $0 | $35,000 | $0 | $15,166 | $0 | $14,800 | $0 | $1,625 | $0 | $251,591 | $0 | $0 | $0 |
| Charles Cronin | ||||||||||||||
| Senior Vice President - Advancement | $180,000 | $0 | $40,000 | $0 | $1,656 | $0 | $11,700 | $0 | $712 | $0 | $234,068 | $0 | $0 | $0 |
| Stephen Tarr | ||||||||||||||
| Senior Vice President | $161,716 | $0 | $35,000 | $0 | -$3,355 | $0 | $12,937 | $0 | $22,247 | $0 | $228,545 | $0 | $0 | $0 |
| David Littell | ||||||||||||||
| Director - New York Life Retirement | $116,016 | $0 | $0 | $0 | $154,250 | $0 | $7,386 | $0 | $9,142 | $0 | $286,794 | $0 | $0 | $0 |
| Craig Lemoine | ||||||||||||||
| Assistant Professor of Finance | $118,798 | $0 | $0 | $0 | $138,750 | $0 | $7,722 | $0 | $10,453 | $0 | $275,723 | $0 | $0 | $0 |
| Glenn Boseman | ||||||||||||||
| Dean - Graduate School | $179,650 | $0 | $0 | $0 | $66,750 | $0 | $14,372 | $0 | $5,643 | $0 | $266,415 | $0 | $0 | $0 |
| Christopher Woehrle | ||||||||||||||
| Assistant Professor - Taxation | $132,663 | $0 | $0 | $0 | $94,313 | $0 | $2,653 | $0 | $10,130 | $0 | $239,759 | $0 | $0 | $0 |
| Paul Tanella | ||||||||||||||
| Vice President - Sales | $155,943 | $0 | $49,265 | $0 | $18,000 | $0 | $9,319 | $0 | $1,412 | $0 | $233,939 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Part I, Line 1a; The President & CEO's spouse accompanies him on trips to Board meetings and other events where she entertains trustee spouses, holding breakfasts, lunches, and leading tours and other outings. The President & CEO must obtain approval from the Board Chairman each time his spouse accompanies him. |
| 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 as well as other payouts for both the President & CEO and select senior management. This process involves evaluating payments proposed by the President & CEO and using an independent compensation consultant as needed. |
| Part I, Line 5 | The President & CEO, COO, EVP (Executive Vice President), CMO (Chief Marketing Officer), and CTO(Chief Technology Officer) have a three year performance incentive plan that runs from January 1, 2014 through December 31, 2016. The plan consists of 5 distinct elements and includes meeting consolidated revenue and operating margin targets (including both the College and The American College Foundation EIN 23-3015130) as two of the criteria which are weighted between 10% and 30% of the elements of the plan. The covered individuals must be on staff as of December 31, 2016 order to be eligible for an award that will be payable in 2017 through 2019. |
| Part I, Line 6 | The President & CEO, COO, EVP (Executive Vice President), CMO (Chief Marketing Officer), and CTO(Chief Technology Officer) have a three year performance incentive plan that runs from January 1, 2014 through December 31, 2016. The plan consists of 5 distinct elements and includes meeting consolidated revenue and operating margin targets (including both the College and The American College Foundation EIN 23-3015130) as two of the criteria which are weighted between 10% and 30% of the elements of the plan. The covered individuals must be on staff as of December 31, 2016 order to be eligible for an award that will be payable in 2017 through 2019. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Laurence Barton | |||
| Former President & CEO | $101,816 | Purchased keyman life insurance policy for cash value of the policy - $101,816. | 0 |
| Albert J Schiff | |||
| Trustee | $93,250 | Trustee is an officer of a firm that handles a special insurance program for eight senior staff. the annual contributions were $93,250 which was .0029% of operating expenses. the trustee derived a service fee of $200.Before this program began, the issue was discussed with the Board and this trustee received approval to handle the transaction on an annual basis waiving any conflicts. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $23,603 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Daily pricing - NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Three trustees on the College's Board have an equity interest in an organization that makes contributions to the College but does not otherwise conduct business with the College. |
| Form 990, Part VI, Section B, line 11 | The Form 990 is completed by Finance staff and reviewed by the Chief Operating 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 Board of Trustees for their review. This process involves sending the completed form along with relevant instructions and explanations and following up with a Board-wide conference call question and answer session. Once this process has been completed, the Form 990 is electronically filed. |
| Form 990, Part VI, Section B, line 12c | All members of the College's Board of Trustees and defined administrative employees are required to complete the conflict of interest form annually. The returned forms are tabulated to ensure 100% response. The results of the responses are communicated to the Audit Committee by the Chief Operating Officer. Any positive responses are reviewed by the Audit Committee and independent auditors and appropriate action is recommended. |
| Form 990, Part VI, Section B, line 15 | The College has a relationship with an independent compensation consultant who provides information as requested by the Compensation Committee for deliberation. Annually, the Compensation Committee will approve the compensation of the President & CEO and select senior staff with input from the independent consultant. The President & CEO will recommend and obtain Board (Compensation Committee) approval for the compensation for the key employees/disqualified persons. Historically, the data is compared with data provided by the compensation consultant. If there are any concerns, the Committee would contact the compensation consultant. The College's President & CEO, Dr. Laurence Barton resigned effective January 31, 2014 for medical reasons. Michael Davidson was appointed Acting President & CEO by the Board of Trustees on February 1, 2014 while an executive search was conducted. Dr. Robert Johnson became President & CEO of the College on October 1, 2014. |
| 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: | Net assets transferred from The American College Foundation - #23-3015130 1131349. Increase in minimum pension liability -3105923. Increase in life insurance policy cash values 105437. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The American Colleger Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 S Bryn Mawr Avenue | AddressLine1Txt |
| City | Bryn Mawr | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233015130 | EIN |
| Primary Activities | Solicit and manage funds for the benefit of The American College | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 11a, I | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |