American College
- Assets
- $95.4m
- Revenue
- $42.8m
- Investments
- $9.4m
- Employees
- 232
- Location
- King of Prussia, PA
- Founding
- 06/1938
- Data as of
- 12/2022
- EIN
- 23-1352008
Organization Overview
American College, operating under the name The American College of Financial Se Services, is located in King of Prussia, PA. The organization was established in 1938. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, American College of Financial Se Services employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College of Financial Se Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American College of Financial Se Services generated $42.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $46.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN COLLEGE OF FINANCIAL SERVICES (CONTINUED ON NEXT PAGE).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUEBNER SCHOOL ADMINISTERS THE CURRICULUM LEADING TO THE CLU, CHFC, RICP, CLF, 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 THESEPROGRAMS.
THE COLLEGE'S PROFESSIONAL RECERTIFICATION PROGRAM (PRP) ENSURES PROFESSIONAL DESIGNATION HOLDERS REMAIN CURRENT AND SERVE AS AN EMBLEM OF EXCELLENCE AND EXPERTISE TO THEIR PEERS AND CLIENTS. THE BLACK EXECUTIVE LEADERSHIP PROGRAM WAS LAUNCHED IN 2022. CONTINUING EDUCATION, COURSE FEES, AND TEXTBOOKS FEES ARE INCLUDED HERE.
THE IRWIN GRADUATE SCHOOL ADMINISTERS THE CURRICULUM LEADING TO THE MASTER OF SCIENCE IN MANAGEMENT, THE MASTER OF SCIENCE IN FINANCIAL SERVICES, THE CHARTERED ADVISOR IN PHILANTHROPY (CAP) DESIGNATION, AND THE DOCTORAL PROGRAM IN FINANCIAL AND RETIREMENT PLANNING. THERE ARE APPROXIMATELY 1,160 STUDENTS ENROLLED IN THESE PROGRAMS.
THE FSCP PROGRAM ADMINISTERS THE CURRICULUM LEADING TO THE FSCP PROFESSIONAL DESIGNATION. THERE ARE APPROXIMATELY 1,000 STUDENTS ENROLLED IN THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Nichols President & CEO | OfficerTrustee | 40 | $1,156,836 |
Todd Schoon Evp And Senior Advisor To | OfficerTrustee | 40 | $112,500 |
Scott Berlin Trustee | Trustee | 1 | $0 |
Chris Blunt Trustee | Trustee | 1 | $0 |
Wallace Boston Trustee | Trustee | 1 | $0 |
Brandon Carter Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Push10 Inc Website Consulting | 12/30/22 | $368,225 |
Faegre Drinker Biddle & Reath Llp Legal Services | 12/30/22 | $267,287 |
Torch Enterprises Inc Consulting | 12/30/22 | $200,006 |
Engine Room Technology Website Consulting | 12/30/22 | $237,621 |
Sloane & Company Llc Pr And Marketing | 12/30/22 | $235,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,053,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,741,611 |
| Noncash contributions included in lines 1a–1f | $4,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,794,611 |
| Total Program Service Revenue | $26,306,068 |
| Investment income | $1,042,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $227,009 |
| Net Rental Income | $1,956,347 |
| Net Gain/Loss on Asset Sales | $142,961 |
| Net Income from Fundraising Events | -$1,018,998 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,764,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,589,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,428,419 |
| Compensation of current officers, directors, key employees. | $2,324,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,066,405 |
| Pension plan accruals and contributions | $1,612,945 |
| Other employee benefits | $2,664,251 |
| Payroll taxes | $1,432,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $332,234 |
| Fees for services: Accounting | $106,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,246,529 |
| Advertising and promotion | $1,013,438 |
| Office expenses | $1,760,161 |
| Information technology | $699,242 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $546,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $630,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,746,845 |
| Insurance | $429,221 |
| All other expenses | $0 |
| Total functional expenses | $46,373,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,583,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,143,813 |
| Accounts receivable, net | $2,202,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,208 |
| Prepaid expenses and deferred charges | $2,483,743 |
| Net Land, buildings, and equipment | $28,204,513 |
| Investments—publicly traded securities | $15,240,174 |
| Investments—other securities | $9,440,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,062,497 |
| Total assets | $95,423,850 |
| Accounts payable and accrued expenses | $7,329,933 |
| Grants payable | $0 |
| Deferred revenue | $12,602,953 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,461,796 |
| Total liabilities | $21,394,682 |
| Net assets without donor restrictions | $13,587,233 |
| Net assets with donor restrictions | $60,441,935 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $95,423,850 |