2024-05-03T16:04:42-04:00 2023-06-30 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2022-07-01 136111495 AMERICAN FINANCE ASSOCIATION AMER 8015814434 1655 E CAMPUS CENTER DRIVE SALT LAKE CITY UT 84112 KATHLEEN HANLEY SECRETARY/TREASURER 8015814434 2024-04-19 true KATHLEEN HANLEY XXX-XX-XXXX false SHALAUN T HOWELL CPA P00969274 8012943155 2024-05-03 2022 2023-04-26 12:10:37Z KATHLEEN HANLEY 3521037 false X WWW.AFAJOF.ORG X 1939 IL THE ORGANIZATION'S MISSION IS TO IMPROVE PUBLIC UNDERSTANDING OF FINANCIAL PROBLEMS AND PROMOTE FINANCE SCHOLARSHIP. 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IT IS PUBLISHED SIX TIMES PER YEAR AND EACH ISSUE REACHES OVER 8,000 ACADEMICS, FINANCIAL PROFESSIONALS, LIBRARIES, GOVERNMENTS, AND FINANCIAL INSTITUTIONS AROUND THE WORLD. 458088 140261 ANNUAL MEETING THE ORGANIZATION SPONSORS AN ANNUAL MEETING EACH JANUARY AT WHICH PAPERS ARE PRESENTED, COVERING THE GAMUT OF FINANCIAL TOPICS. THE ORGANIZATION'S CURRENT PRESIDENT ALSO SPEAKS ON A CHOSEN SUBJECT. 132867 WOMEN'S INITIATIVE AFFECT (THE ACADEMIC FEMALE FINANCE COMMITTEE) OF THE ORGANIZATION WAS FORMED TO PROMOTE THE ADVANCEMENT OF WOMEN ACADEMICS IN THE FIELD OF FINANCE. WITHIN THE ACADEMIC FIELD OF FINANCE, AFFECT STRIVES TO: -PROMOTE GENDER EQUALITY -FACILITATE NETWORKING AMONG WOMEN -CONDUCT RESEARCH ON THE STANDING OF WOMEN AND FACTORS RELATED TO DIFFERENCES IN CAREER PATHS OF MEN AND WOMEN -PROVIDE MENTORING OF WOMEN 58382 OTHER PROGRAMS OTHER PROGRAMS OF THE ORGANIZATION INCLUDE AN ETHICS COMMITTEE, WHICH HAS PROMOTED THE ESTABLISHMENT OF AN AMERICAN FINANCE ASSOCIATION OMBUDSPERSON TO HELP ADDRESS ANY VIOLATION OF THE ORGANIZATION'S CODE OF PROFESSIONAL CONDUCT OF ETHICS. 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THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN IN ITS ANNUAL FILING AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990 ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2019. true NORTH AMERICA GRANTMAKING 6844 SOUTH ASIA GRANTMAKING 3000 EAST ASIA GRANTMAKING 12000 EUROPE GRANTMAKING 86167 108011 108011 DISTINGUISED PAPER AWARDS EUROPE 3 18750 WIRE TRANSFER STUDENT TRAVEL REIMBURSE NORTH AMERICA 11 6844 WIRE TRANSFER STUDENT TRAVEL REIMBURSE SOUTH ASIA 2 3000 WIRE TRANSFER STUDENT TRAVEL REIMBURSE EAST ASIA 11 12000 WIRE TRANSFER STUDENT TRAVEL REIMBURSE EUROPE 79 67417 WIRE TRANSFER false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 THE FISCHER BLACK PRICE IS AWARDED TO A RESEARCHER IN FINANCE WHO IS UNDER 40, OR UNDER AGE 45 FOR A WINNER WHO HAD NOT BEEN AWARDED A PH.D. (OR EQUIVALENT) BY AGE 35. THE PRIZE IS AWARDED BIENNIALLY AT THE ASSOCIATION'S ANNUAL MEETING. IN DETERMINING PRIZE WINNERS, AN INDEPENDENT SELECTION COMMITTEE SELECTS THREE TOP CANDIDATES. THE AMERICAN FINANCE ASSOCATION'S BOARD OF DIRECTORS SELECTS THE FINAL WINNER FROM THE TOP THREE CANDIDATES. DISTINGUISHED PAPER AWARDS ARE SELECTED FROM PUBLISHED PAPERS IN THE JOURNAL OF FINANCE FROM THE PREVIOUS YEAR. THE WINNING PAPERS ARE NOMINATED AND VOTED BY THE ASSOCIATE EDITORS, WITH FINAL SELECTION BY THE TEAM OF JOURNAL OF FINANCE EDITORS AND CO-EDITORS. FOR 2023, STUDENT TRAVEL REIMBURSEMENTS WERE AWARDED AS FOLLOWS: ANY CURRENT AFA MEMBER IN THE U.S. OR ABROAD WAS INVITED TO NOMINATE ONE PH.D. STUDENT, WHOM HE OR SHE HAS TAUGHT OR SUPERVISED, TO BE CONSIDERED FOR THIS AWARD. THE NOMINATED STUDENT MUST BE A MEMBER OF THE ASSOCIATION, MUST BE BEYOND THE FIRST YEAR IN HER OR HIS DOCTORAL STUDIES IN FINANCE, FINANCIAL ECONOMICS, OR A RELATED FIELD, AND MUST NOT BE ON THE JOB MARKET DURING THE ACADEMIC YEAR IN WHICH THE GRANT IS MADE. NO STUDENT MAY PARTICIPATE IN THE TRAVEL REIMBURSEMENT PROGRAM MORE THAN ONCE. AWARDS ARE DETERMINED BASED ON RECOMMENDATIONS AND THE AWARD AMOUNT COVERS TRAVEL COST TO THE ANNUAL MEETING FROM THE STUDENT'S INSTITUTION AS WELL AS THE NUMBER OF NOMINATIONS FROM THE STUDENT'S SCHOOL. SCHEDULE F, PAGE 1, PART I, LINE 3 NORTH AMERICA 6,844 0 SOUTH ASIA 3,000 0 EAST ASIA 12,000 0 EUROPE 86,167 0 SCHEDULE F, PAGE 5, PART V THE ORGANIZATION USES THE ACCRUAL ACCOUNTING METHOD. true DISTINGUISED PAPER AWARDS 9 71250 FISCHER BLACK AWARD 1 50000 STUDENT TRAVEL REIMBURSE 82 51000 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FISCHER BLACK PRIZE IS AWARDED TO A RESEARCHER IN FINANCE WHO IS UNDER 40, OR UNDER AGE 45 FOR A WINNER WHO HAD NOT BEEN AWARDED A PH.D. (OR EQUIVALENT) BY AGE 35. THE PRIZE IS AWARDED BIENNIALLY AT THE ASSOCIATION'S ANNUAL MEETING. IN DETERMINING PRIZE WINNERS, AN INDEPENDENT SELECTION COMMITTEE SELECTS THREE TOP CANDIDATES. THE AMERICAN FINANCE ASSOCIATION'S BOARD OF DIRECTORS SELECTS THE FINAL WINNER FROM THE TOP THREE CANDIDATES. DISTINGUISHED PAPER AWARDS ARE SELECTED FROM PUBLISHED PAPERS IN THE JOURNAL OF FINANCE FROM THE PREVIOUS YEAR. THE WINNING PAPERS ARE NOMINATED AND VOTED BY THE ASSOCIATE EDITORS, WITH FINAL SELECTION BY THE TEAM OF JOURNAL OF FINANCE EDITORS AND CO-EDITORS. FOR 2023, STUDENT TRAVEL REIMBURSEMENTS WERE AWARDED AS FOLLOWS: ANY CURRENT AFA MEMBER IN THE U.S. OR ABROAD WAS INVITED TO NOMINATE ONE PH.D. STUDENT, WHOM HE OR SHE HAS TAUGHT OR SUPERVISED, TO BE CONSIDERED FOR THIS AWARD. THE NOMINATED STUDENT MUST BE A MEMBER OF THE ASSOCIATION, MUST BE BEYOND THE FIRST YEAR IN HER OR HIS DOCTORAL STUDIES IN FINANCE, FINANCIAL ECONOMICS, OR A RELATED FIELD, AND MUST NOT BE ON THE JOB MARKET DURING THE ACADEMIC YEAR IN WHICH THE GRANT IS MADE. NO STUDENT MAY PARTICIPATE IN THE TRAVEL REIMBURSEMENT PROGRAM MORE THAN ONCE. AWARDS ARE DETERMINED BASED ON RECOMMENDATIONS AND THE AWARD AMOUNT COVERS TRAVEL COST TO THE ANNUAL MEETING FROM THE STUDENT'S INSTITUTION AS WELL AS THE NUMBER OF NOMINATIONS FROM THE STUDENT'S SCHOOL. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAMS OTHER PROGRAMS OF THE ORGANIZATION INCLUDE AN ETHICS COMMITTEE, WHICH HAS PROMOTED THE ESTABLISHMENT OF AN AMERICAN FINANCE ASSOCIATION OMBUDSPERSON TO HELP ADDRESS ANY VIOLATION OF THE ORGANIZATION'S CODE OF PROFESSIONAL CONDUCT OF ETHICS. THE OMBUDSPERSON ALSO PROVIDES INFORMAL, CONFIDENTIAL ASSISTANCE TO MEMBERS WHO NEED ADVICE ABOUT WORK-RELATED ETHICAL ISSUES SUCH AS DISCRIMINATION OR HARASSMENT. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERS. EACH ACTIVE MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION'S MEMBERS VOTE TO SELECT THE ORGANIZATION'S GOVERNING BOARD MEMBERS. EACH MEMBER OF THE GOVERNING BOARD IS ELECTED FOR A THREE- YEAR TERM. FORM 990, PAGE 6, PART VI, LINE 8B THE ORGANIZATION DOES NOT CURRENTLY MAINTAIN MINUTES OF COMMITTEE MEETINGS. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATIONS FORM 990 WAS PREPARED BY THE ORGANIZATIONS CPA IN CONSULTATION WITH THE ORGANIZATIONS EXECUTIVE SECRETARY-TREASURER AND ACCOUNTANT. IT WAS REVIEWED IN DETAIL BY THE ORGANIZATIONS EXECUTIVE SECRETARY-TREASURER FOR ACCURACY AND REASONABILITY. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATIONS BOARD OF DIRECTORS BEFORE IT WAS FILED. FORM 990, PAGE 6, PART VI, LINE 15A AT THE TIME OR HIRE AND ON AN ANNUAL BASIS FOLLOWING, A COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE EXECUTIVE SECRETARY-TREASURERS COMPENSATION. THE ORGANIZATION REQUIRES THAT NO MEMBER OF THE COMMITTEE HAVE A CONFLICT OF INTEREST RELATED TO THE COMPENSATION ARRANGEMENT. THE COMMITTEE USES SALARY SURVEYS, PUBLICLY AVAILABLE 990S, AND OTHER INFORMATION FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS WITHIN THE REGION TO ESTABLISH A REASONABLE LEVEL OF COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B AT THE TIME OR HIRE AND ON AN ANNUAL BASIS FOLLOWING, A COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE EDITOR'S COMPENSATION. THE ORGANIZATION REQUIRES THAT NO MEMBER OF THE COMMITTEE HAVE A CONFLICT OF INTEREST RELATED TO THE COMPENSATION ARRANGEMENT. THE COMMITTEE USES SALARY SURVEYS, PUBLICLY AVAILABLE 990S, AND OTHER INFORMATION FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS WITHIN THE REGION TO ESTABLISH A REASONABLE LEVEL OF COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE ORGANIZATIONS OFFICE. THE ORGANIZATIONS ANNUAL AUDITS AND 990 ARE AVAILABLE THROUGH THE ORGANIZATIONS OWN WEBSITE. IN ADDITION, THE ORGANIZATIONS 990S FOR THE PAST SEVERAL YEARS ARE AVAILABLE THROUGH GUIDESTAR.ORG AND THE ORGANIZATIONS ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE ILLINOIS DEPARTMENT OF BUSINESS SERVICES. FORM 990, PART IX, LINE 11G OMBUDSPERSON SERVICE 6,800 0 0 REVIEWER FEES 200,179 0 0 COURSE BUYOUT 796,378 0 0 RESEARCH 7,600 0 0 OTHER CONTRACT LABOR 34,467 27,554 0 HONORARIUMS 70,750 0 0 EDITORS 275,885 0 0 OFFICER PAYMENT 66,000 0 0 TOTAL 1,458,059 27,554 0