Skip to content
Governance Register
US nonprofit · EIN 136111495 · Bethlehem, PAiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 136111495) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

American Finance Association's network

21 people7 organisationsi21 people and 7 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (21). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

21 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 16 voting members of its governing body on its latest Form 990 Part VI; we list 21 in Part VII (Part VII does not always name every voting member).
NameRole as filedSinceOn the board
Alex EdmansBoard Member2023
3 yrs
Andrew KarolyiBoard Member2021
5 yrs
Antoinette SchoarEditor of Jo2023
3 yrs
Camelia KuhnenBoard Member2022
4 yrs
Gordon PhillipsBoard Member2020
6 yrs
James Jim Schallheim (also filed as James Schallheim)Secretary/Tr2020
6 yrs
John GrahamPresident/Pa2020
6 yrs
Kathleen HanleySecretary/Tr2023
3 yrs
Kenneth SingletonBoard Member2020
6 yrs
Laura StarksPast Preside2020
6 yrs
Laura VeldkampBoard Member2021
5 yrs
Manju PuriBoard Member2020
6 yrs
Markus BrunnermeirPresident2021
5 yrs
Michelle LowryBoard Member2022
4 yrs
Monika PiazzesiPresident El2022
4 yrs
Nadya MalenkoEditor2023
3 yrs
Ralph KoijenBoard Member2020
6 yrs
Stijn Van NieuwerburghBoard Member2022
4 yrs
Ulrike MalmendierVice Preside2023
3 yrs
Victoria IvashinaBoard Member2021
5 yrs
WEI XiongBoard Member2023
3 yrs
Under 5 years5 to 6 years6 years or moreShow all 21 →

Officers and senior leadership

6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
David HirshleiferPresident-Elect2019
David ScharfsteinPast President2019
James Jim SchallheimExec Secretary/Treasurer2019
Kenneth SingletonVice President2019
Peter DemarzoPresident2019
Stefan NagelEditor2019

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Kathleen HanleySecretary/Tr15$130k
Nadya MalenkoBoard Member0.5$2k
Kelly ShueBoard Member0.5$2k
Ulrike MalmendierPresident3$0
Wei JiangPresident El3$0
Sydney LudvigsonVice Preside1$0
Monica PiazzesiPast Preside1$0
Antoinette SchoarEditor of Jo20$0
Janice EberlyBoard Member0.5$0
Viral AcharyaBoard Member0.5$0
Reena AggarwalBoard Member0.5$0
Markus BrunnermeierBoard Member0.5$0
Alex EdmansBoard Member0.5$0
Nicolae GarleanuBoard Member0.5$0
Kai LiBoard Member0.5$0
Christine ParlourBoard Member0.5$0
Wei XiongBoard Member0.5$0

About

Legal name
American Finance Association
EIN
136111495
Address
521 Taylor Street, Bethlehem, PA, 18015
State
Pennsylvania
Mission
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. (as filed on the Form 990)
Activity (NTEE)
W22C Public and societal benefit
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Public & Societal Benefit
Size band
8 (IRS master file code)
Formed
1939
Principal officer
Kathleen Hanley (as named on the Form 990)
IRS ruling date
1 February 1954
Status
Code 01 (unconditional exemption)
Form 990 filings on record
5, latest 2023
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥6years on the filingsGordon Phillips
≥6years on the filingsJames Jim Schallheim
≥6years on the filingsJohn Graham
≥6years on the filingsKenneth Singleton

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$31.9m
Total liabilities
$1.9m
Net assets or fund balances
$30m
Contributions and grants received
$158k
Program service revenue
$1.6m
Grants and similar paid out
$227k
Employees
4
Volunteers
33