American Finance Association

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.

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)Compensation
James Schallheim
Secretary/tr
$124,167
Stefan Nagel
Editor
$55,000
Kenneth Singleton
Past-Preside
$0
John Graham
President/pa
$0
Markus Brunnermeir
Vp/pres Elec
$0
Laura Starks
President-El
$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

Grants Recieved

Over the last fiscal year, we have identified 3 grants that American Finance Association has recieved totaling $40,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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