What is the EIN of AMERICAN FINANCE ASSOCIATION?

The employer identification number (EIN) of AMERICAN FINANCE ASSOCIATION is 13-6111495.

Is AMERICAN FINANCE ASSOCIATION tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.

Are donations to AMERICAN FINANCE ASSOCIATION tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

When is the next return of AMERICAN FINANCE ASSOCIATION due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did AMERICAN FINANCE ASSOCIATION last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of AMERICAN FINANCE ASSOCIATION?

The 990 for the year ended June 30, 2025 names KATHLEEN HANLEY.

Who are the officers and directors of AMERICAN FINANCE ASSOCIATION?

The 990 for the year ended June 30, 2025 lists 17 people; 3 received compensation from the organization, the highest $130,000 (KATHLEEN HANLEY, SECRETARY/TR).

How much revenue does AMERICAN FINANCE ASSOCIATION have?

On its 990 for the year ended June 30, 2025 it reported revenue of $4,229,670, expenses of $2,680,023 and total assets of $31,900,414 at year end.

Nonprofit · EIN 13-6111495

AMERICAN FINANCE ASSOCIATION

Tax-exempt · BETHLEHEM, PA 18015

Financials

Revenue Expenses · by fiscal year end

Financials of AMERICAN FINANCE ASSOCIATION by year, from its e-filed returns
Year ended	Form	Revenue	Expenses	Net income	Total assets	Liabilities	Net assets
June 30, 2025	990	$4,229,670	$2,680,023	$1,549,647	$31,900,414	$1,871,042	$30,029,372
June 30, 2024	990	$1,795,280	$2,369,121	-$573,841	$29,331,593	$1,763,875	$27,567,718
June 30, 2023	990	$2,867,924	$2,573,654	$294,270	$26,738,906	$1,914,000	$24,824,906

Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants: $157,650
Program service revenue: $1,565,801
Investment income: $2,506,219
Net gain from sales of assets: $1,795,364
Other revenue: $0

Expenses

Grants and similar amounts paid: $227,205
Compensation of officers, directors and key employees: $141,333
Other salaries and wages: $87,972
Salaries, compensation and benefits (total): $246,570
Professional fundraising fees: $0
Legal fees: $6,018
Accounting fees: $11,130
Depreciation: $12,860
Program services (functional): $2,523,053
Management and general (functional): $155,416
Fundraising (functional): $1,554

Balance sheet and other

Total assets, start of year: $29,331,593
Total assets, end of year: $31,900,414
Total liabilities, end of year: $1,871,042
Net assets, end of year: $30,029,372
Publicly traded securities: $30,859,912
Net assets without donor restrictions: $28,332,791
Net assets with donor restrictions: $1,696,581
Gross receipts: $6,734,306
Employees: 4
Volunteers: 33
Year formed: 1939
State of legal domicile: IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Name	Title	Hours / week	Compensation
KATHLEEN HANLEY	SECRETARY/TR Trustee or director, Officer	15	$130,000
NADYA MALENKO	BOARD MEMBER Trustee or director	0.5	$1,500
KELLY SHUE	BOARD MEMBER Trustee or director	0.5	$1,500
ULRIKE MALMENDIER	PRESIDENT Trustee or director, Officer	3	$0
WEI JIANG	PRESIDENT EL Trustee or director, Officer	3	$0
SYDNEY LUDVIGSON	VICE PRESIDE Trustee or director, Officer	1	$0
MONICA PIAZZESI	PAST PRESIDE Trustee or director, Officer	1	$0
ANTOINETTE SCHOAR	EDITOR OF JO Trustee or director, Officer	20	$0
JANICE EBERLY	BOARD MEMBER Trustee or director	0.5	$0
VIRAL ACHARYA	BOARD MEMBER Trustee or director	0.5	$0
REENA AGGARWAL	BOARD MEMBER Trustee or director	0.5	$0
MARKUS BRUNNERMEIER	BOARD MEMBER Trustee or director	0.5	$0
ALEX EDMANS	BOARD MEMBER Trustee or director	0.5	$0
NICOLAE GARLEANU	BOARD MEMBER Trustee or director	0.5	$0
KAI LI	BOARD MEMBER Trustee or director	0.5	$0

2 more people on this return

Name	Title	Hours / week	Compensation
CHRISTINE PARLOUR	BOARD MEMBER Trustee or director	0.5	$0
WEI XIONG	BOARD MEMBER Trustee or director	0.5	$0

990 for the year ended June 30, 2024: 16 people

Name	Title	Hours / week	Compensation
KATHLEEN HANLEY	SECRETARY/TR Trustee or director, Officer	15	$130,000
MICHELLE LOWRY	BOARD MEMBER Trustee or director	0.5	$20,000
CAMELIA KUHNEN	BOARD MEMBER Trustee or director	0.5	$1,500
NADYA MALENKO	BOARD MEMBER Trustee or director, Officer	0.5	$1,500
MONIKA PIAZZESI	PRESIDENT Trustee or director, Officer	3	$0
ULRIKE MALMENDIER	PRESIDENT EL Trustee or director, Officer	3	$0
WEI JIANG	VICE PRESIDE Trustee or director, Officer	1	$0
ANTOINETTE SCHOAR	EDITOR OF JO Trustee or director, Officer	20	$0
MARKUS BRUNNERMEIR	PAST PRESIDE Trustee or director, Officer	1	$0
VIRAL ACHARYA	BOARD MEMBER Trustee or director	0.5	$0
ALEX EDMANS	BOARD MEMBER Trustee or director	0.5	$0
KAI LI	BOARD MEMBER Trustee or director	0.5	$0
CHRISTINE PARLOUR	BOARD MEMBER Trustee or director	0.5	$0
LAURA STARKS	PAST PRESIDE Trustee or director, Officer	0.5	$0
STIJN VAN NIEUWERBURGH	BOARD MEMBER Trustee or director	0.5	$0
WEI XIONG	BOARD MEMBER Trustee or director	0.5	$0

990 for the year ended June 30, 2023: 21 people

Name	Title	Hours / week	Compensation
JAMES SCHALLHEIM	SECRETARY/TR Trustee or director, Officer	3	$130,000
WEI XIONG	BOARD MEMBER Trustee or director	0.5	$66,000
KATHLEEN HANLEY	SECRETARY/TR Trustee or director, Officer	3	$54,167
MICHELLE LOWRY	BOARD MEMBER Trustee or director	0.5	$20,000
NADYA MALENKO	EDITOR Trustee or director, Officer	0.5	$1,500
MARKUS BRUNNERMEIR	PRESIDENT Trustee or director, Officer	3	$0
MONIKA PIAZZESI	PRESIDENT EL Trustee or director, Officer	2	$0
ULRIKE MALMENDIER	VICE PRESIDE Trustee or director, Officer	1	$0
LAURA STARKS	PAST PRESIDE Trustee or director, Officer	1	$0
ANTOINETTE SCHOAR	EDITOR OF JO Trustee or director, Officer	10	$0
ALEX EDMANS	BOARD MEMBER Trustee or director	0.5	$0
JOHN GRAHAM	PRESIDENT/PA Trustee or director, Officer	0.5	$0
VICTORIA IVASHINA	BOARD MEMBER Trustee or director	0.5	$0
ANDREW KAROLYI	BOARD MEMBER Trustee or director	0.5	$0
CAMELIA KUHNEN	BOARD MEMBER Trustee or director	0.5	$0
STIJN VAN NIEUWERBURGH	BOARD MEMBER Trustee or director	0.5	$0
LAURA VELDKAMP	BOARD MEMBER Trustee or director	0.5	$0
RALPH KOIJEN	BOARD MEMBER Trustee or director	1	$0
GORDON PHILLIPS	BOARD MEMBER Trustee or director	0.5	$0
MANJU PURI	BOARD MEMBER Trustee or director	0.5	$0
KENNETH SINGLETON	BOARD MEMBER Trustee or director	0.5	$0

Address and contacts

Address (IRS master file): 621 TAYLOR ST, BETHLEHEM, PA 18015-3117
Principal officer (990 for 2024): KATHLEEN HANLEY, 521 TAYLOR STREET, BETHLEHEM, PA 18015
Signed the 990: KATHLEEN HANLEY, SECRETARY/TREASURER
Phone: (801) 581-4434
Website: WWW.AFAJOF.ORG
Return prepared by: BOUNTIFUL PEAK ADVISORS

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE PUBLIC UNDERSTANDING OF FINANCIAL PROBLEMS AND PROMOTE FINANCE SCHOLARSHIP. THE ORGANIZATION IS DEVOTED TO THE STUDY AND PROMOTION OF KNOWLEDGE ABOUT FINANCIAL ECONOMICS.
990 for the year ended June 30, 2025

Program accomplishments

JOURNAL OF FINANCE THROUGH A PARTNERSHIP WITH WILEY PUBLISHING, THE ORGANIZATION PUBLISHES THE JOURNAL OF FINANCE, A PERIODICAL CONTAINING LEADING RESEARCH ACROSS ALL THE MAJOR FIELDS OF FINANCE. THE JOURNAL IS THE MOST WIDELY CITED ACADEMIC JOURNAL ON FINANCE. 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.
Expenses $1,993,130 · grants $216,889 · revenue $1,565,801
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.
Expenses $363,293
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
Expenses $121,717 · grants $18,649
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.
Expenses $44,913

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax year	Year ended	Due	IRS public records
2025	June 30, 2026	November 16, 2026	Not due yet
2024	June 30, 2025	November 17, 2025	990 on file
2023	June 30, 2024	November 15, 2024	990 on file

IRS record

EIN: 13-6111495
Tax-exempt status: 501(c)(3): Charitable, religious, educational or scientific organization
Foundation status: Publicly supported organization (509(a)(2))
Donations deductible (Pub 78): Public charity, 50% deduction limit
Exempt since: 1954
Accounting year ends: June
Files: Form 990 or 990-EZ
Category (NTEE): Public and societal benefit (W22C)
Assets (IRS master file): $31,900,414
Income (IRS master file): $6,734,306

Filing history

Form	Year ended	Revenue	Expenses	Assets	Return
990	June 2025	$4,229,670	$2,680,023	$31,900,414	IRS
990	June 2024	$1,795,280	$2,369,121	$29,331,593	IRS
990	June 2023	$2,867,924	$2,573,654	$26,738,906	XML
990	June 2022	$2,101,619	$1,535,848	$24,668,560	IRS
990	June 2021	–	–	–	IRS
990	June 2020	–	–	–	IRS
990	June 2019	–	–	–	IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6111495).

Questions about AMERICAN FINANCE ASSOCIATION

What is the EIN of AMERICAN FINANCE ASSOCIATION?: The employer identification number (EIN) of AMERICAN FINANCE ASSOCIATION is 13-6111495.
Is AMERICAN FINANCE ASSOCIATION tax-exempt?: Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
Are donations to AMERICAN FINANCE ASSOCIATION tax-deductible?: Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMERICAN FINANCE ASSOCIATION file?: Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN FINANCE ASSOCIATION due?: The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN FINANCE ASSOCIATION last file with the IRS?: The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of AMERICAN FINANCE ASSOCIATION?: The 990 for the year ended June 30, 2025 names KATHLEEN HANLEY.
Who are the officers and directors of AMERICAN FINANCE ASSOCIATION?: The 990 for the year ended June 30, 2025 lists 17 people; 3 received compensation from the organization, the highest $130,000 (KATHLEEN HANLEY, SECRETARY/TR).
How much revenue does AMERICAN FINANCE ASSOCIATION have?: On its 990 for the year ended June 30, 2025 it reported revenue of $4,229,670, expenses of $2,680,023 and total assets of $31,900,414 at year end.

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