Nonprofit · EIN 62-1450496
AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC
Tax-exempt · MOKENA, IL 60448
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $65,935 | $90,469 | -$24,534 | $126,200 | $0 | $126,200 |
| December 31, 2023 | 990-EZ | $59,935 | $88,318 | -$28,383 | $150,734 | $0 | $150,734 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $65,935
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $32,597
- Other expenses
- $57,872
Balance sheet and other
- Total assets, start of year
- $150,734
- Total assets, end of year
- $126,200
- Total liabilities, end of year
- $0
- Net assets, end of year
- $126,200
- Cash, savings and investments
- $126,200
- Gross receipts
- $65,935
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cathy Reese | Immediate Past President | 2 | $0 |
| Neil Kling | President | 5 | $0 |
| Kristen Adams | President Elect | 2 | $0 |
| Heather Sonnenberg | Treasurer | 2 | $0 |
| Kenneth Chin | Vice President | 2 | $0 |
| Arlene Nand | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Guida | Immediate Past President | 3 | $0 |
| Cathy Reece | President | 5 | $0 |
| Neal Kling | President Elect | 3 | $0 |
| Heather Sonnenberg | Treasurer | 2 | $0 |
| Kristen Adams | Vice President | 1 | $0 |
| Kenneth Chin | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19250 EVERETT LN STE 103, MOKENA, IL 60448-8964
- In care of
- % CATHY REECE
- Signed the 990-EZ
- Kristen Adams, Vice President
- Phone
- (815) 806-4908
- Website
- accfl.org
Mission
The College is a professional organization dedicated to promoting the field of commercial finance law through education, legislative reform and the recognition of distinguished practitioners, jurists and academics. The College offers a venue to promote and recognize outstanding achievement and advances in the field of commercial finance law. In 2024, the College held several Zoom and similar audio programs and Fellow Briefings on issues related to various financing topics. Additionally, the College had two in-person meetings and an advanced seminar for its Fellows and honored outstanding practitioners and developing authors in the field of commercial law.
Program accomplishments
- The College recognized and gave awards to several academics and practitioners during the year and held several Zoom educational programs and Fellow Briefings.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 62-1450496
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $126,200
- Income (IRS master file)
- $65,935
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $65,935 | $90,469 | $126,200 | IRS |
| 990-EZ | December 2023 | $59,935 | $88,318 | $150,734 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 62-1450496).
Questions about AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC
- What is the EIN of AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC?
- The employer identification number (EIN) of AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC is 62-1450496.
- Is AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC 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 OF COMMERCIAL FINANCE LAWYERS INC 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 OF COMMERCIAL FINANCE LAWYERS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does AMERICAN COLLEGE OF COMMERCIAL FINANCE LAWYERS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $65,935, expenses of $90,469 and total assets of $126,200 at year end.
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