Civic Intelligence

Secured Finance Foundation

990 • Fiscal year 2018 • EIN 13-3577148

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 03, 2019

370 7th Avenue 1801 No 1801New York, NY 10001

(212) 792-9390

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$873,634

Flat from 2018

Net Assets

Flat

$173,054

Flat from 2018

Liabilities

Flat

$700,580

Flat from 2018

Revenue And Expenses

Revenue

Flat

$493,990

Flat from 2018

Expenses

Flat

$506,408

Flat from 2018

Net Income

Flat

-$12,418

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $526,833Liabilities 2011: $100,619Net Assets 2011: $426,2142011Assets 2012: $629,322Liabilities 2012: $273,624Net Assets 2012: $355,6982012Assets 2013: $720,965Liabilities 2013: $447,780Net Assets 2013: $273,1852013Assets 2014: $454,326Liabilities 2014: $293,663Net Assets 2014: $160,6632014Assets 2015: $402,493Liabilities 2015: $379,516Net Assets 2015: $22,9772015Assets 2016: $434,041Liabilities 2016: $374,069Net Assets 2016: $59,9722016Assets 2017: $708,653Liabilities 2017: $521,197Net Assets 2017: $187,4562017Assets 2018: $873,634Liabilities 2018: $700,580Net Assets 2018: $173,0542018Assets 2018: $873,634Liabilities 2018: $700,580Net Assets 2018: $173,0542018Assets 2019: $717,489Liabilities 2019: $645,260Net Assets 2019: $72,2292019Assets 2020: $548,155Liabilities 2020: $527,913Net Assets 2020: $20,2422020Assets 2021: $604,440Liabilities 2021: $472,265Net Assets 2021: $132,1752021Assets 2022: $534,017Liabilities 2022: $323,942Net Assets 2022: $210,0752022Assets 2023: $541,424Liabilities 2023: $197,018Net Assets 2023: $344,4062023Assets 2024: $685,320Liabilities 2024: $94,000Net Assets 2024: $591,3202024

Highlighted filing

2018

Assets$873,634
Liabilities$700,580
Net Assets$173,054

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $338,654Expenses 2011: $291,835Net Income 2011: $46,8192011Revenue 2012: $323,933Expenses 2012: $400,360Net Income 2012: -$76,4272012Revenue 2013: $290,668Expenses 2013: $390,825Net Income 2013: -$100,1572013Revenue 2014: $385,508Expenses 2014: $488,889Net Income 2014: -$103,3812014Revenue 2015: $339,164Expenses 2015: $451,316Net Income 2015: -$112,1522015Revenue 2016: $564,858Expenses 2016: $530,634Net Income 2016: $34,2242016Revenue 2017: $577,620Expenses 2017: $448,635Net Income 2017: $128,9852017Revenue 2018: $493,990Expenses 2018: $506,408Net Income 2018: -$12,4182018Revenue 2018: $493,990Expenses 2018: $506,408Net Income 2018: -$12,4182018Revenue 2019: $344,128Expenses 2019: $450,901Net Income 2019: -$106,7732019Revenue 2020: $401,065Expenses 2020: $466,445Net Income 2020: -$65,3802020Revenue 2021: $487,784Expenses 2021: $389,350Net Income 2021: $98,4342021Revenue 2022: $713,005Expenses 2022: $599,172Net Income 2022: $113,8332022Revenue 2023: $760,191Expenses 2023: $650,589Net Income 2023: $109,6022023Revenue 2024: $794,352Expenses 2024: $582,101Net Income 2024: $212,2512024

Highlighted filing

2018

Revenue$493,990
Expenses$506,408
Net Income-$12,418
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 3, 2019
Return Version
2017v2.3
Gross Receipts
$573,410
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$365,497$551,070▲ $185,573
Investments in Publicly Traded Securities$176,581$183,202▲ $6,621
Pledges and Grants Receivable$87,325$83,750▼ $3,575
Accounts Receivable$79,250$53,350▼ $25,900
Prepaid Expenses and Deferred Charges-$2,262-
Total Assets$708,653$873,634▲ $164,981
Liabilities
Other Liabilities$504,092$630,213▲ $126,121
Accounts Payable and Accrued Expenses$17,105$70,367▲ $53,262
Total Liabilities$521,197$700,580▲ $179,383
Net Assets / Fund Balance
Unrestricted Net Assets$187,456$173,054▼ $14,402
Total Net Assets Fund Balance$187,456$173,054▼ $14,402
Total Liabilities and Net Assets / Fund Balance$708,653$873,634▲ $164,981
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Richard GumbrechtCEO (as of 10/1/17)PT$94,282$94,282

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$429,899
Program Service Revenue
$0
Investment Income
$7,623
Other Revenue
$56,468
All Other Contributions
$338,000
Change in Net Assets
$-12,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,990
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,674
Total Revenue per Audited Statements
$529,664
Total Revenue per Form 990
$493,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$139,953-$139,953
Conferences and Meetings$79,663--$79,663
Occupancy-$60,000-$60,000
Other Expenses$13,263$8,603-$21,866
All Other Expenses$103$2,851-$2,954
Fees for Services Accounting-$2,000-$2,000
Travel-$1,078-$1,078
Fees for Service Investment Mgmnt Fees-$987-$987
Office Expenses-$75-$75
Total Functional Expenses$193,281$313,127$0$506,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$544,066
Expenses per Audited Statements$506,408
Total Expenses per Form 990$506,408
Expenses Not Reported on Form 990$37,658
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94,126
Fundraising Direct Expenses$37,658
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
40 Under 40$186,025$94,126$32,548$61,578
Total Events$186,025$94,126$37,658$56,468
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$630,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an outside, independent accounting firm. A draft copy of the form 990 is presented to the board for review and comment prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each officer and member of the executive committee is required to annually sign a statement which affirms that such person read and understands the conflict of interest policy and agrees to comply with it. In addition, any material changes in their annual statement must be immediately reported. The executive committee regularly and consistently monitors and enforces compliance with this policy by reviewing annual statements and taking action as necessary. In addition, periodic reviews of compensation arrangements and contracts as well as partnerships, joint ventures and arrangements with management organizations are performed. Outside advisors may be used in this process if it is deemed necessary.

Form 990, Part VI, Section B, Line 15

All salaries are paid through commercial financial association, inc., a related entity. The board of cfa, inc. Has an executive compensation committee which reviews all executive compensation. Their determination of salaries is based on review of the employee's job performance and comparison to the salary levels of other tax-exempt organizations. Their decisions are fully documented.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cfa Education Foundation Inc
EIN
13-3577148
Phone
2127929390
Address
370 7TH AVENUE 1801 NO 1801, NEW YORK, NY 10001

Signing Officer

Name
Richard Gumbrecht
Title
CEO
Phone
2127929390
Signed
2019-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Gumbrecht
Formed
1990
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
119

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The organization was formed on june 4, 1990 to provide grants and/or gifts to assist and support students enrolled in educational programs dealing with asset based lending and to make grants and/or gifts to assist and fund secondary schools, colleges and universities in support of their asset based lending educational programs.

Form 990, Part III, Line 1

The organization was formed on june 4, 1990 to provide grants and/or gifts to assist and support students enrolled in educational programs dealing with asset based lending and to make grants and/or gifts to assist and fund secondary schools, colleges and universities in support of their asset based lending educational programs.

Form 990, Part IX, Line 11G

Market sizing study : program service expenses 0. Management and general expenses 56,250. Fundraising expenses 0. Total expenses 56,250. Quarterly member surveys: program service expenses 0. Management and general expenses 83,703. Fundraising expenses 0. Total expenses 83,703.

Form 990, Part XII, Line 2C

There have been no changes to the process from the previous year.

Financial Statement Notes

PART X, LINE 2:

The foundation is a not for profit entity as described in section 501(c)(3) of the internal revenue code. U.s. Gaap provides guidance on the financial statement recognition and measurement for income tax position that the foundation has taken or expects to take in it's income tax returns. The foundation takes many tax positions relative to tax laws, including those taken in determining whether tax is due, a refund is owed, a tax return needs to be filed, or the characterization of income is taxable (for example, unrelated business income) or nontaxable. The foundation has not recorded any liabilities relating to uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue 37,658.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue 37,658.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01791501
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03828
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03139
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09930
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026081
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0494341
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98570
IRS990ScheduleA/PublicSupportPY170Pct00.97920
IRS990ScheduleA/PublicSupportTotal170Amt01791501
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0429899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0356226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0366833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0308618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0329925
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01791501
IRS990ScheduleA/TotalSupportAmt01817582
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt037658
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0506408
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1984
IRS990ScheduleD/OtherExpensesIncludedAmt037658
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0630213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt037658
IRS990ScheduleD/RevenueNotReportedAmt035674
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0493990
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT FOR PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITION THAT THE FOUNDATION HAS TAKEN OR EXPECTS TO TAKE IN IT'S INCOME TAX RETURNS. THE FOUNDATION TAKES MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME IS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE FOUNDATION HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED AGAINST REVENUE 37,658.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NETTED AGAINST REVENUE 37,658.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0506408
IRS990ScheduleD/TotalLiabilityAmt0630213
IRS990ScheduleD/TotalRevenuePerForm990Amt0493990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0529664
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0544066
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt091899
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt091899
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037658
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm040 UNDER 40
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0186025
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0186025
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt094126
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt094126
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt056468
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032548
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt032548
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03910
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03910
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0196681
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04817
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07451
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GREGORY SLOWIK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0208949
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALL SALARIES ARE PAID THROUGH COMMERCIAL FINANCIAL ASSOCIATION, INC., A RELATED ENTITY. THE BOARD OF CFA, INC. HAS AN EXECUTIVE COMPENSATION COMMITTEE WHICH REVIEWS ALL EXECUTIVE COMPENSATION. THEIR DETERMINATION OF SALARIES IS BASED ON REVIEW OF THE EMPLOYEE'S JOB PERFORMANCE AND COMPARISON TO THE SALARY LEVELS OF OTHER TAX-EXEMPT ORGANIZATIONS. THEIR DECISIONS ARE FULLY DOCUMENTED.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS FORMED ON JUNE 4, 1990 TO PROVIDE GRANTS AND/OR GIFTS TO ASSIST AND SUPPORT STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS DEALING WITH ASSET BASED LENDING AND TO MAKE GRANTS AND/OR GIFTS TO ASSIST AND FUND SECONDARY SCHOOLS, COLLEGES AND UNIVERSITIES IN SUPPORT OF THEIR ASSET BASED LENDING EDUCATIONAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WAS FORMED ON JUNE 4, 1990 TO PROVIDE GRANTS AND/OR GIFTS TO ASSIST AND SUPPORT STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS DEALING WITH ASSET BASED LENDING AND TO MAKE GRANTS AND/OR GIFTS TO ASSIST AND FUND SECONDARY SCHOOLS, COLLEGES AND UNIVERSITIES IN SUPPORT OF THEIR ASSET BASED LENDING EDUCATIONAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. A DRAFT COPY OF THE FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH OFFICER AND MEMBER OF THE EXECUTIVE COMMITTEE IS REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY AND AGREES TO COMPLY WITH IT. IN ADDITION, ANY MATERIAL CHANGES IN THEIR ANNUAL STATEMENT MUST BE IMMEDIATELY REPORTED. THE EXECUTIVE COMMITTEE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING ACTION AS NECESSARY. IN ADDITION, PERIODIC REVIEWS OF COMPENSATION ARRANGEMENTS AND CONTRACTS AS WELL AS PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS ARE PERFORMED. OUTSIDE ADVISORS MAY BE USED IN THIS PROCESS IF IT IS DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL SALARIES ARE PAID THROUGH COMMERCIAL FINANCIAL ASSOCIATION, INC., A RELATED ENTITY. THE BOARD OF CFA, INC. HAS AN EXECUTIVE COMPENSATION COMMITTEE WHICH REVIEWS ALL EXECUTIVE COMPENSATION. THEIR DETERMINATION OF SALARIES IS BASED ON REVIEW OF THE EMPLOYEE'S JOB PERFORMANCE AND COMPARISON TO THE SALARY LEVELS OF OTHER TAX-EXEMPT ORGANIZATIONS. THEIR DECISIONS ARE FULLY DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MARKET SIZING STUDY : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 56,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,250. QUARTERLY MEMBER SURVEYS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 83,703. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,703.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMERCIAL FINANCE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0THE DEVELOPMENT OF ASSET BASED FINANCIAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0370 7TH AVENUE SUITE 1801
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0630213
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100002
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt260000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0END OF YEAR F/S BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACCOUNTING RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACCOUNTING RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COMMERCIAL FINANCE ASSOCIATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1COMMERCIAL FINANCE ASSOCIATION INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.85$0.94$5.91$7.94$5.82$2.12
2023Detailed filing. Detailed filing data is available for this year.$5.41$1.97$3.44$7.60$6.51$1.10
2022Detailed filing. Detailed filing data is available for this year.$5.34$3.24$2.10$7.13$5.99$1.14
2021Detailed filing. Detailed filing data is available for this year.$6.04$4.72$1.32$4.88$3.89$0.98
2020Detailed filing. Detailed filing data is available for this year.$5.48$5.28$0.20$4.01$4.66$0.65
2019Summary only. Only limited summary data is available for this year.$7.17$6.45$0.72$3.44$4.51$1.07
2018Detailed filing. Detailed filing data is available for this year.$8.74$7.01$1.73$4.94$5.06$0.12
2018Detailed filing. Detailed filing data is available for this year.$8.74$7.01$1.73$4.94$5.06$0.12
2017Detailed filing. Detailed filing data is available for this year.$7.09$5.21$1.87$5.78$4.49$1.29
2016Detailed filing. Detailed filing data is available for this year.$4.34$3.74$0.60$5.65$5.31$0.34
2015Detailed filing. Detailed filing data is available for this year.$4.02$3.80$0.23$3.39$4.51$1.12
2014Detailed filing. Detailed filing data is available for this year.$4.54$2.94$1.61$3.86$4.89$1.03
2013Summary only. Only limited summary data is available for this year.$7.21$4.48$2.73$2.91$3.91$1.00
2012Summary only. Only limited summary data is available for this year.$6.29$2.74$3.56$3.24$4.00$0.76
2011Summary only. Only limited summary data is available for this year.$5.27$1.01$4.26$3.39$2.92$0.47