American College Of Governance Counsel
- Assets
- $274.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-2671111
Organization Overview
American College Of Governance Counsel is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Governance Counsel is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American College Of Governance Counsel generated $68.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $97.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE AMERICAN COLLEGE OF GOVERNANCE COUNSEL IS A PROFESSIONAL, EDUCATIONAL, AND HONORARY ASSOCIATION OF LAWYERS WIDELY-RECOGNIZED FOR THEIR ACHIEVEMENTS IN THE FIELD OF GOVERNANCE. THE MISSION OF THE COLLEGE IS TO PROMOTE A HIGH LEVEL OF PROFESSIONAL STANDARDS AMONG GOVERNANCE LAWYERS ALONG WITH A BETTER UNDERSTANDING AND BROADER ADOPTION OF BEST PRACTICES WITHIN BUSINESS ORGANIZATIONS.THROUGH ITS PROGRAMS, THE COLLEGE WILL ADDRESS THE MAJOR ISSUES FACING GOVERNANCE PRACTITIONERS AND THEIR CLIENTS INCLUDING SHAREHOLDER ENGAGEMENT; DEVELOPING CHALLENGES TO TRADITIONAL MODELS OF GOVERNANCE; IMPROVED MANAGEMENT OF RISKS; AND AN INCREASINGLY COMPLEX REGULATORY AND ENFORCEMENT ENVIRONMENT.MEMBERSHIP IN THE COLLEGE IS EXTENDED BY INVITATION ONLY TO LAWYERS WHO HAVE PRACTICED LAW FOR A MINIMUM OF 15 YEARS, WHILE DEVOTING AT LEAST 10 OF THOSE PRACTICE YEARS FOCUSED ON THE FIELD OF GOVERNANCE. FELLOWS SPEND A SUBSTANTIAL AMOUNT OF THEIR TIME IN BOARDROOMS ADVISING DIRECTORS IN A VARIETY OF CIRCUMSTANCES SUCH AS SHAREHOLDER ACTIVISM AND ENGAGEMENT, MANAGEMENT SUCCESSION, INTERNAL INVESTIGATIONS, DISCLOSURE OBLIGATIONS, SHAREHOLDER LITIGATION, AND A BROAD RANGE OF REGULATORY AND GOVERNMENTAL MATTERS. MEMBERSHIP IN THE COLLEGE CURRENTLY INCLUDES 120 FELLOWS AND HONORARY FELLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Foran Trustee | 1 | $0 | |
Steven Haas Trustee | 1 | $0 | |
Michele Mayes Trustee | 1 | $0 | |
Robert Mundheim Trustee | 1 | $0 | |
Frank M Placenti Trustee | 1 | $0 | |
Cornell Wright Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $68,125 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $96,243 |
| Total expenses | $97,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $274,145 |
| Other assets | $0 |
| Total assets | $274,145 |
| Total liabilities | $0 |
| Net assets or fund balances | $274,145 |