Form 990 for tax year 2024
Filed by REVENUE BASED FINANCE COALITION INC.
Totals
- Total revenue
- $5,297,846
- Total expenses
- $5,347,908
- Contributions and grants received
- $4,730,598
- Grants paid
- $2,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $567,248
- Total assets, end of year
- $145,560
- Total liabilities, end of year
- $683,161
- Net assets or fund balances, end of year
- -$537,601
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$4,730,598
-
8a · Fundraising events: gross income
$1,750,532
-
8b · Fundraising events: direct expenses
$1,183,284
-
8c · Net income from fundraising events
total $567,248
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500
-
5 · Compensation of officers, directors and key employees
total $852,083
-
7 · Other salaries and wages
total $100,172
-
9 · Other employee benefits
total $44,020
-
10 · Payroll taxes
total $32,863
-
11b · Fees: legal
total $1,423,967
-
11c · Fees: accounting
total $26,625
-
11d · Fees: lobbying
total $1,755,623
-
11g · Fees: other
total $535,571
-
12 · Advertising and promotion
total $19,034
-
13 · Office expenses
total $36,462
-
17 · Travel
total $363,415
-
23 · Insurance
total $16,132
-
24a · Other expenses: Political contribution
total $30,000
-
24b · Other expenses: Credit card fees
total $29,441
-
24c · Other expenses: Memberships
total $80,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,182 · end of year $87,060
-
4 · Accounts receivable
beginning of year $31,800 · end of year $58,500
-
17 · Accounts payable and accrued expenses
beginning of year $615,521 · end of year $683,161
-
27 · Net assets without donor restrictions
beginning of year -$487,539 · end of year -$537,601
Mission and programs · 2024
Mission
See Schedule O
Activities or mission (Part I)
The entity that support developing revenue based financing best practice standards and research and advice concerning potential regulatory developments affecting the industry
-
THE USE OF TECHNOLOGY IN REDUCING INEFFICIENCIES IN COMMERCIAL FINANCE SUCH THAT IT BECOMES EASIER AND MORE CONVENIENT TO PROVIDE CAPITAL TO AMERICAN ENTREPRENEURS AND SMALL BUSINESS OWNERS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Deveron M GibbonsDEVERON M GIBBONS
Executive Vice Pres
- Total calculated
- $622,917
- From this org
- $622,917
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $622,917
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $622,917
-
Mary DonohueMARY DONOHUE
Executive Director
- Total calculated
- $229,167
- From this org
- $229,167
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,167
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $229,167
-
Scott CrockettSCOTT CROCKETT
President
- Total calculated
- $0
- Hours/week
- 2
-
Vincent NeyVINCENT NEY
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
William GallagherWILLIAM GALLAGHER
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Evan SmeidtEVAN SMEIDT
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Timothy MagesTIMOTHY MAGES
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Michael MaranoMICHAEL MARANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Boris ShakhmurovBORIS SHAKHMUROV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543119349301839
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