American College Of Governance Counsel is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Governance Counsel is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American College Of Governance Counsel generated $68.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $97.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE AMERICAN COLLEGE OF GOVERNANCE COUNSEL IS A PROFESSIONAL, EDUCATIONAL, AND HONORARY ASSOCIATION OF LAWYERS WIDELY-RECOGNIZED FOR THEIR ACHIEVEMENTS IN THE FIELD OF GOVERNANCE. THE MISSION OF THE COLLEGE IS TO PROMOTE A HIGH LEVEL OF PROFESSIONAL STANDARDS AMONG GOVERNANCE LAWYERS ALONG WITH A BETTER UNDERSTANDING AND BROADER ADOPTION OF BEST PRACTICES WITHIN BUSINESS ORGANIZATIONS.THROUGH ITS PROGRAMS, THE COLLEGE WILL ADDRESS THE MAJOR ISSUES FACING GOVERNANCE PRACTITIONERS AND THEIR CLIENTS INCLUDING SHAREHOLDER ENGAGEMENT; DEVELOPING CHALLENGES TO TRADITIONAL MODELS OF GOVERNANCE; IMPROVED MANAGEMENT OF RISKS; AND AN INCREASINGLY COMPLEX REGULATORY AND ENFORCEMENT ENVIRONMENT.MEMBERSHIP IN THE COLLEGE IS EXTENDED BY INVITATION ONLY TO LAWYERS WHO HAVE PRACTICED LAW FOR A MINIMUM OF 15 YEARS, WHILE DEVOTING AT LEAST 10 OF THOSE PRACTICE YEARS FOCUSED ON THE FIELD OF GOVERNANCE. FELLOWS SPEND A SUBSTANTIAL AMOUNT OF THEIR TIME IN BOARDROOMS ADVISING DIRECTORS IN A VARIETY OF CIRCUMSTANCES SUCH AS SHAREHOLDER ACTIVISM AND ENGAGEMENT, MANAGEMENT SUCCESSION, INTERNAL INVESTIGATIONS, DISCLOSURE OBLIGATIONS, SHAREHOLDER LITIGATION, AND A BROAD RANGE OF REGULATORY AND GOVERNMENTAL MATTERS. MEMBERSHIP IN THE COLLEGE CURRENTLY INCLUDES 120 FELLOWS AND HONORARY FELLOWS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Foran Trustee | 1 | $0 | |
Steven Haas Trustee | 1 | $0 | |
Michele Mayes Trustee | 1 | $0 | |
Robert Mundheim Trustee | 1 | $0 | |
Frank M Placenti Trustee | 1 | $0 | |
Cornell Wright Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $68,125 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $68,125 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,100 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $96,243 |
Total expenses | $97,343 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $274,145 |
Other assets | $0 |
Total assets | $274,145 |
Total liabilities | $0 |
Net assets or fund balances | $274,145 |