The American College
Also known as The American College of Financial Se
The American College reported $38.7 million in revenue and $44.6 million in expenses for calendar year 2024. Of every $100 it spent, $74.19 went to program services, $19.77 to management and general costs and $6.04 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.7% of the total. The highest compensation it reported for one person was $1,121,459 (President & CEO). 83 people received more than $100,000 in reportable compensation. Revenue rose 33% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $45MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $39MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.44 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 15.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,121,459 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.52% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 83 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 18 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe 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
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
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 40.00 hrs/week | $1,096,751 | $0 | $24,708 | $1,121,459 |
| EVP - Provost Key employee, 40.00 hrs/week | $496,450 | $0 | $27,985 | $524,435 |
| SVP - Business Development Key employee, 40.00 hrs/week | $472,551 | $0 | $24,691 | $497,242 |
| SVP - Advancement and Alumni Relations Key employee, 40.00 hrs/week | $380,423 | $0 | $20,594 | $401,017 |
| Chief Financial & Risk Officer Officer, 40.00 hrs/week | $339,683 | $0 | $49,849 | $389,532 |
| VP - Administration and CHRO Key employee, 40.00 hrs/week | $356,184 | $0 | $21,177 | $377,361 |
| SVP -Chief Marketing & Strategy Officer Key employee, 40.00 hrs/week | $354,364 | $0 | $15,932 | $370,296 |
| Professor & Frank M. Eng Highest compensated employee, 40.00 hrs/week | $266,167 | $0 | $19,593 | $285,760 |
83 people received more than $100,000 in reportable compensation from The American College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5236
- Volunteers Part I, line 6100
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Faegre Drinker Biddle & Reath LLP Legal Services | $184,620 |
| EisnerAmper LLP Audit Services | $132,563 |
| Ed Slott And Company LLC Academic consultant | $104,814 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to The American College totaling $710K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The American College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The American College, you can publish a response that is linked from this page.
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Of every $100 The American College spent in 2024, $74.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- California State University San Marcos CorporationSan Marcos, CA · revenue $39M · programs 91.7% · FY2025
- The Park School of BaltimoreBaltimore, MD · revenue $39M · programs 77.8% · FY2025
- Marion P Thomas Charter SchoolNewark, NJ · revenue $39M · programs 70.8% · FY2025
- Saint Elizabeth UniversityMorristown, NJ · revenue $39M · programs 79.5% · FY2025
- College Now Greater ClevelandCleveland, OH · revenue $39M · programs 94.4% · FY2025
Questions people ask
How much of The American College's spending goes to programs?
In calendar year 2024, The American College reported that 74.2% of its $44.6 million in expenses went to program services, 19.8% to management and general and 6.0% to fundraising (Form 990, Part IX).
How much does The American College pay its top executive?
The largest total compensation The American College reported for one person in calendar year 2024 was $1,121,459, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The American College get its money?
Of $38.7 million in revenue in calendar year 2024, 15.9% came from contributions and grants and 76.7% from program service revenue (Form 990, Part VIII).
Is The American College a registered charity?
The IRS lists EIN 23-1352008 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533149349305903 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349307586 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349314261 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243139349301669 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349315691 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023149349303442 · read the filing
All filings for EIN 23-1352008: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.