Nonprofit · EIN 23-1352008
AMERICAN COLLEGE
Tax-exempt · KNG OF PRUSSA, PA 19406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,659,573 | $44,554,114 | -$5,894,541 | $87,798,860 | $27,694,611 | $60,104,249 |
| December 31, 2023 | 990 | $36,432,433 | $46,592,108 | -$10,159,675 | $89,365,690 | $23,829,189 | $65,536,501 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,137,732
- Program service revenue
- $29,656,599
- Investment income
- $1,488,876
- Royalties
- $224,802
- Net rental income
- $2,048,113
- Net gain from sales of assets
- $151,876
- Net income from fundraising events
- -$970,817
- Other revenue
- $1,376,366
Expenses
- Grants and similar amounts paid
- $1,116,696
- Compensation of officers, directors and key employees
- $4,395,539
- Other salaries and wages
- $18,319,759
- Salaries, compensation and benefits (total)
- $28,454,632
- Professional fundraising fees
- $0
- Legal fees
- $198,583
- Accounting fees
- $118,287
- Travel
- $542,507
- Depreciation
- $1,902,049
- Program services (functional)
- $33,055,139
- Management and general (functional)
- $8,807,019
- Fundraising (functional)
- $2,691,956
Balance sheet and other
- Total assets, start of year
- $89,365,690
- Total assets, end of year
- $87,798,860
- Total liabilities, end of year
- $27,694,611
- Net assets, end of year
- $60,104,249
- Land, buildings and equipment
- $26,444,126
- Publicly traded securities
- $28,078,595
- Net assets without donor restrictions
- $2,351,752
- Net assets with donor restrictions
- $57,752,497
- Gross receipts
- $42,259,786
- Employees
- 236
- Volunteers
- 100
- Year formed
- 1927
- State of legal domicile
- PA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| George Nichols | President & CEO Trustee or director, Officer | 40 | $1,096,751 | $24,708 |
| Gwendolyn Hall | EVP - Provost Key employee | 40 | $496,450 | $27,985 |
| David Stoeffel | SVP - Business Development Key employee | 40 | $472,551 | $24,691 |
| Carol Prushan | SVP - Advancement and Alumni Relations Key employee | 40 | $380,423 | $20,594 |
| Mark Montgomery | Chief Financial & Risk Officer Officer | 40 | $339,683 | $49,849 |
| Deborah Glenn | VP - Administration and CHRO Key employee | 40 | $356,184 | $21,177 |
| Jared Trexler | SVP -Chief Marketing & Strategy Officer Key employee | 40 | $354,364 | $15,932 |
| Michael Finke | Professor & Frank M. Eng Highest-paid employee | 40 | $266,167 | $19,593 |
| Azish Filabi | Exec. Dir. - for Ethics in Fin. Services Highest-paid employee | 40 | $250,389 | $21,350 |
| Ryan Shaw | Deputy CFRO & Treasurer Officer | 40 | $205,617 | $11,053 |
| Joellen Meckley | AVP - Managing Dir. Center for Special Needs Highest-paid employee | 40 | $195,736 | $14,631 |
| Elizabeth Gray | SVP - Institute for Learning Innovation Key employee | 40 | $190,471 | $11,512 |
| Phillip Easton | Exec. Dir. - Center for Military Highest-paid employee | 40 | $189,717 | $11,429 |
| Sophia Duffy | Associate Professor & TPCP Highest-paid employee | 40 | $169,760 | $18,241 |
| Robert Moldoff | SVP & Chief Information Officer Key employee | 40 | $176,440 | $9,721 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Todd Schoon | EVP & Senior Advisor to the President Trustee or director, Officer | 40 | $78,000 |
| Joe Bergan | Trustee Trustee or director | 1 | $0 |
| Scott Berlin through 062024 | Trustee Trustee or director | 1 | $0 |
| Wallace Boston | Trustee Trustee or director | 1 | $0 |
| Brandon Carter | Trustee Trustee or director | 1 | $0 |
| Lisa Davis eff 022024 | Trustee Trustee or director | 1 | $0 |
| Edward Deutschlander | Trustee Trustee or director | 1 | $0 |
| Kristin Ferguson eff 022024 | Trustee Trustee or director | 1 | $0 |
| Matt Foran | Trustee Trustee or director | 1 | $0 |
| Timothy Gerend through 062024 | Trustee Trustee or director | 1 | $0 |
| John Howard | Trustee Trustee or director | 1 | $0 |
| Salene Hitchcock-Gear | Board Chair Trustee or director, Officer | 1 | $0 |
| Michael James | Trustee Trustee or director | 1 | $0 |
| Michelle Johnson | Trustee Trustee or director | 1 | $0 |
| Paul LaPiana eff 092024 | Trustee Trustee or director | 1 | $0 |
| Cheri Lytle | Trustee Trustee or director | 1 | $0 |
| Brad Montgomery | Trustee Trustee or director | 1 | $0 |
| Ellen Rinaldi | Trustee Trustee or director | 1 | $0 |
| John Roberts eff 062024 | Trustee Trustee or director | 1 | $0 |
| Kristi Rodriguez | Trustee Trustee or director | 1 | $0 |
| Matthew Spriggs | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| George Nichols | President & CEO Trustee or director, Officer | 40 | $1,200,206 | $17,336 |
| Gwendolyn Hall | EVP & Provost Officer | 40 | $534,035 | $25,177 |
| David Stoeffel | SVP - Business Development Key employee | 40 | $510,626 | $20,359 |
| Mark Montgomery | Chief Financial & Risk Officer Officer | 40 | $335,548 | $47,453 |
| Edward McEvoy | SVP & Chief Information Officer Key employee | 40 | $355,788 | $23,876 |
| Deborah Glenn | VP - Administration and CHRO Key employee | 40 | $347,496 | $21,272 |
| Jared Trexler | SVP - Chief Marketing and Strategy Officer Key employee | 40 | $328,176 | $15,402 |
| Grady Batchelor | SVP - Institute for Learning Innovation Key employee | 40 | $303,496 | $13,233 |
| Kirk Trasborg term 6523 | SVP - Chief Strat & Oper Officer Key employee | 40 | $290,488 | $10,970 |
| Hilary Fiorella | Exec. Dir. - State Farm Cntr for Women Highest-paid employee | 40 | $268,293 | $26,764 |
| Stephen Grourke | SVP - Advancement and Alumni Relations Key employee | 40 | $277,779 | $14,197 |
| Michael Finke | Professor & Engle Chairholder Highest-paid employee | 40 | $265,321 | $19,969 |
| James Roy | Exec. Dir. - Center for Military Highest-paid employee | 40 | $267,890 | $12,400 |
| Azish Filabi | Exec. Dir. - Maguire Cntr for Ethics Highest-paid employee | 40 | $230,805 | $27,327 |
| Karim Hill | Exec. Dir. - Cntr for Econ. Empowerment Highest-paid employee | 40 | $211,717 | $12,644 |
| Todd Schoon | EVP & Senior Advisor to the President Trustee or director, Officer | 40 | $115,000 | $0 |
| Joe Bergan | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Berlin | Trustee Trustee or director | 1 | $0 | $0 |
| Wallace Boston | Trustee Trustee or director | 1 | $0 | $0 |
| Brandon Carter | Trustee Trustee or director | 1 | $0 | $0 |
| George Connolly | Trustee Trustee or director | 1 | $0 | $0 |
| Susan Cooper | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Davison | Trustee Trustee or director | 1 | $0 | $0 |
| Edward Deutschlander | Trustee Trustee or director | 1 | $0 | $0 |
| Matt Foran | Trustee Trustee or director | 1 | $0 | $0 |
| Timothy Gerend | Trustee Trustee or director | 1 | $0 | $0 |
| Salene Hitchcock-Gear | Trustee Trustee or director, Officer | 1 | $0 | $0 |
| John Howard | Trustee Trustee or director, Officer | 1 | $0 | $0 |
| Michael James | Trustee Trustee or director | 1 | $0 | $0 |
| Michelle Johnson | Trustee Trustee or director | 1 | $0 | $0 |
| Fred Jonske | Trustee Trustee or director | 1 | $0 | $0 |
| Cheri Lytle | Trustee Trustee or director | 1 | $0 | $0 |
| Brad Montgomery | Trustee Trustee or director | 1 | $0 | $0 |
| Ellen Rinaldi | Trustee Trustee or director | 1 | $0 | $0 |
| Kristi Rodriguez | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Rosenzweig | Trustee Trustee or director | 1 | $0 | $0 |
| Frederick Sievert | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 630 ALLENDALE RD STE 400, KNG OF PRUSSA, PA 19406-1695
- Principal officer (990 for 2024)
- George Nichols III, 630 Allendale Road 400, King of Prussia, PA 19406
- Signed the 990
- MARK MONTGOMERY, CHIEF FINANCIAL AND RISK OFFICER
- Phone
- (610) 526-1000
- Website
- www.theamericancollege.edu
Mission
The mission of The American College of Financial Services is to provide applied financial knowledge and education, promote life-long learning, and advocate for ethical standards for the benefit of society.
Program accomplishments
- The Huebner School administers the curriculum leading to the CLU, ChFC, RICP, ChLF, 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 these programs.Expenses $21,632,149 · grants $765,726 · revenue $19,408,055
- The Irwin Graduate School administers the curriculum leading to the Master of Science in Management, the Master of Science in Financial Planning, and the Chartered Advisor in Philanthropy designation. There are approximately 1,000 students enrolled in these programs.Expenses $2,864,331 · grants $317,785 · revenue $2,569,837
- The 'Non Credit Designations' category includes the new Tax Planning Certified Professional (TPCP) and the Financial Services Certified Professional Program. The TPCP opened for enrollment in 2024 and provides financial professionals with comprehensive tax planning training. The Financial Services Certified Professional (FSCP) Program administers the curriculum leading to the FSCP professional designation. There are approximately 2,300 students enrolled in these programs.Expenses $2,763,403 · grants $5,205 · revenue $2,479,286
- Expenses $5,795,256 · grants $27,980 · revenue $5,199,421
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1352008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $87,798,860
- Income (IRS master file)
- $42,259,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,659,573 | $44,554,114 | $87,798,860 | IRS |
| 990 | December 2023 | $36,432,433 | $46,592,108 | $89,365,690 | XML |
| 990 | December 2022 | $42,764,536 | $46,373,591 | $95,423,850 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-1352008).
Questions about AMERICAN COLLEGE
- What is the EIN of AMERICAN COLLEGE?
- The employer identification number (EIN) of AMERICAN COLLEGE is 23-1352008.
- Is AMERICAN COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to AMERICAN COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN COLLEGE 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 COLLEGE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN COLLEGE?
- The 990 for the year ended December 31, 2024 names George Nichols III.
- Who are the officers and directors of AMERICAN COLLEGE?
- The 990 for the year ended December 31, 2024 lists 36 people; 16 received compensation from the organization, the highest $1,096,751 (George Nichols, President & CEO).
- How much revenue does AMERICAN COLLEGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,659,573, expenses of $44,554,114 and total assets of $87,798,860 at year end.
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