American Finance Association
- Assets
- $24.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Salt Lake City, UT
- Founding
- 02/1954
- Data as of
- 06/2022
- EIN
- 13-6111495
Organization Overview
American Finance Association is located in Salt Lake City, UT. The organization was established in 1954. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, American Finance Association employed 3 individuals. This organization is the central organization for a national or regional group of organizations. American Finance Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American Finance Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Schallheim Secretary/tr | OfficerTrustee | 15 | $124,167 |
Stefan Nagel Editor | OfficerTrustee | 20 | $55,000 |
Kenneth Singleton Past-Preside | OfficerTrustee | 1 | $0 |
Markus Brunnermeir Vp/pres Elec | OfficerTrustee | 2 | $0 |
Monika Piazzesi Vice Preside | OfficerTrustee | 1 | $0 |
John Graham President/pa | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,924 |
| Total Program Service Revenue | $1,489,265 |
| Investment income | $492,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,101,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $70,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,971 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,000 |
| Compensation of current officers, directors, key employees. | $70,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,281 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,021,662 |
| Advertising and promotion | $0 |
| Office expenses | $11,394 |
| Information technology | $53,822 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,860 |
| Insurance | $12,203 |
| All other expenses | $0 |
| Total functional expenses | $1,535,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,683 |
| Savings and temporary cash investments | $788,846 |
| Pledges and grants receivable | $53,358 |
| Accounts receivable, net | $282,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,412,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,225 |
| Other assets | $0 |
| Total assets | $24,668,560 |
| Accounts payable and accrued expenses | $1,082,002 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,207,002 |
| Net assets without donor restrictions | $22,205,455 |
| Net assets with donor restrictions | $1,256,103 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,668,560 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Finance Association has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Asness Family Foundation Melville, NY PURPOSE: STUDY AND PROMOTE THE KNOWLEDGE OF FINANCIAL ECONOMICS | $20,000 |
Litzenberger Family Foundation Shohola, PA PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Low Income Family Enrichment Corporation Aspen, CO | $22,265,612 | $3,165,701 |
American Finance Association Salt Lake City, UT | $24,668,560 | $2,101,619 |
Arizona Tax Research Association Phoenix, AZ | $214,797 | $549,361 |
Associated Taxpayers Of Idaho Inc Boise, ID | $155,530 | $282,824 |
Nevada Taxpayers Association Inc Carson City, NV | $173,211 | $126,799 |
Wayne County Business Association Teasdale, UT | $2,146 | $0 |
Advanced Strategies Ltd Denver, CO | $27,519 | $0 |