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Nonprofiteer
← NATIONAL EQUIPMENT FINANCE ASSOCIATION INC

Form 990 for tax year 2025

Filed by NATIONAL EQUIPMENT FINANCE ASSOCIATION INC.

Totals

Total revenue
$1,576,888
Total expenses
$1,675,264
Contributions and grants received
$0
Grants paid
$199
Program service revenue
$1,512,811
Investment income
$54,042
Other revenue
$10,035
Total assets, end of year
$1,910,573
Total liabilities, end of year
$459,419
Net assets or fund balances, end of year
$1,451,154
Program services expenses (Part IX)
$1,583,584
Management and general expenses
$91,680
Fundraising expenses
$0
Program service expenses (Part III)
$1,583,584

Program services were 94.5% 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.

  • 2a · Program service revenue: CONFERENCE REVENUE

    total $931,329 · related or exempt $931,329

  • 2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS

    total $485,337 · related or exempt $485,337

  • 2c · Program service revenue: REGIONAL EVENT

    total $35,837 · related or exempt $35,837

  • 2d · Program service revenue: NEFA NOTES ADVERTISING

    total $29,000 · unrelated business $29,000

  • 2e · Program service revenue: CONFERENCE BOOK ADVERTISING

    total $17,308 · unrelated business $17,308

  • 2f · All other program service revenue

    total $14,000 · unrelated business $14,000

  • 3 · Investment income

    total $54,042 · excluded $54,042

  • 11a · Other revenue: OTHER INCOME

    total $10,035 · related or exempt $10,035

  • 11e · Other revenue, total

    $10,035

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199 · program services $199

  • 5 · Compensation of officers, directors and key employees

    total $222,227 · program services $155,559 · management and general $66,668

  • 7 · Other salaries and wages

    total $401,960 · program services $384,700 · management and general $17,260

  • 8 · Pension plan contributions

    total $11,630 · program services $11,132 · management and general $498

  • 10 · Payroll taxes

    total $47,742 · program services $42,078 · management and general $5,664

  • 11g · Fees: other

    total $135,766 · program services $135,766

  • 12 · Advertising and promotion

    total $47,485 · program services $47,485

  • 13 · Office expenses

    total $29,785 · program services $29,785

  • 14 · Information technology

    total $9,214 · program services $9,214

  • 17 · Travel

    total $48,385 · program services $48,385

  • 19 · Conferences, conventions and meetings

    total $542,706 · program services $542,706

  • 22 · Depreciation, depletion and amortization

    total $13,550 · program services $13,550

  • 23 · Insurance

    total $30,305 · program services $28,715 · management and general $1,590

  • 24a · Other expenses: SUBSCRIPTION/DUES EXPENSE

    total $68,568 · program services $68,568

  • 24b · Other expenses: BANK FEES: MERCHANT SERVI

    total $34,707 · program services $34,707

  • 24c · Other expenses: BANK FEES:MERCHANT SERVIC

    total $15,273 · program services $15,273

  • 24d · Other expenses: TELECOMMUNICATIONS:PHONE

    total $8,913 · program services $8,913

  • 24e · All other expenses

    total $6,849 · program services $6,849

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $778,877 · end of year $79,967

  • 2 · Savings and temporary cash investments

    beginning of year $701,186 · end of year $1,605,325

  • 4 · Accounts receivable

    beginning of year $88,292 · end of year $110,160

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,639 · end of year $96,194

  • 10a · Land, buildings and equipment: cost or other basis

    $46,476

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,549

  • 10c · Land, buildings and equipment, net

    beginning of year $32,476 · end of year $18,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,177 · end of year $38,263

  • 19 · Deferred revenue

    beginning of year $133,474 · end of year $421,156

  • 25 · Other liabilities

    beginning of year $6,927

  • 27 · Net assets without donor restrictions

    beginning of year $1,547,892 · end of year $1,451,154

Mission and programs · 2025

Mission

TO PROVIDE A FORUM FOR MEMBERS TO PURSUE PERSONAL AND PROFESSIONAL GROWTH, ETHICS, ADVOCACY, NETWORKING, EDUCATION AND INVOLVEMENT.

  • FALL CONFERENCE - THE NEFA FALL CONFERENCE WAS HELD IN MINNEAPOLIS, MINNESOTA IN OCTOBER 2025. THE EVENT HOSTED APPROXIMATELY OVER 400 LEASING PROFESSIONALS. ATTENDEES HAD THE OPPORTUNITY TO LEARN PRACTICAL TOOLS THAT COULD BE APPLIED TO THEIR COMPANIES.

    Expenses $389,338 · Revenue $467,704

  • SPRING CONFERENCE - THE NEFA SPRING CONFERENCE WAS HELD IN CARLSBAD, CALIFORNIA IN MARCH 2025. THE EVENT ATTRACTED OVER 325 ATTENDEES FROM THE EQUIPMENT FINANCE AND LEASING INDUSTRY. THE CONFERENCE ATTENDEES HAD THE OPPORTUNITY TO LEARN FROM INDUSTRY LEADERS, KEYNOTE SPEAKERS AND EACH OTHER DURING THE CONFERENCE.

    Expenses $439,052 · Revenue $509,933

  • REGIONAL EVENTS - NEFA HELD 6 REGIONAL EVENTS IN 2025. THESE EVENTS ARE SMALL SCALE NETWORKING AND EDUCATIONAL EVENTS IN LOCATIONS THROUGHOUT THE UNITED STATES. THESE FORUMS OFFER OPPORTUNITIES FOR INDIVIDUALS WITHIN THE INDUSTRY TO CONNECT WITH THEIR PEERS.

    Expenses $92,578 · Revenue $35,837

  • MEMBERSHIP-MEMBERSHIP IN NEFA IS OPEN TO FIRMS ENGAGED IN FINANCING, LEASING OR COMMERCIAL FINANCE, OR FIRMS THAT HAVE AN ACTIVE INTEREST IN THE EQUIPMENT FINANCING AND LEASING FIELD AND WHO SUBSCRIBE TO THE PURPOSES OF THE ASSOCIATION. NEFA EMPOWERS ITS MEMBERS WITH DEVELOPMENTAL PROGRAMS, NETWORKING OPPORTUNITIES, AND LARGE AND SMALL GATHERINGS OF ASSOCIATION PROFESSIONALS AND INDUSTRY LEADERS FROM THROUGHOUT THE COUNTRY. NEFA ENHANCES THE MANY BENEFITS OF MEMBERSHIP THROUGH PUBLICATIONS, PROFESSIONAL COMMUNITIES AND LEADERSHIP OPPORTUNITIES. NEWSLINE - THE NEFA PUBLICATION IS DISTRIBUTED BI-MONTHLY AND FOCUSES ON INDUSTRY RELATED NEWS AND EDUCATION. VIRTUAL NETWORKING - NEFA HELD 11 VIRTUAL NETWORKING EVENTS IN 2025. THESE EVENTS WERE HELD VIRTUALLY AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL.

    Expenses $662,616 · Grants $199 · Revenue $485,337

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Sluss

    CEO

    Total calculated
    $222,227
    From this org
    $215,720
    From related orgs
    $0
    Other
    $6,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,720
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,507
    Nontaxable benefits
    not reported
    Filer's total
    $222,227

  • Kim King Clfp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Shervin Rashti Clfp

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Elwood Clfp

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jaimie Haver Clfp

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Fogle Clfp

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Bilbrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Fisher Clfp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Gruber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Drew Olynick Clfp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kristi Schon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kit West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tamara McCourt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alicia Bos

    DIRECTOR OF

    Total calculated
    $118,278
    From this org
    $108,867
    From related orgs
    $0
    Other
    $9,411
    Hours/week
    40

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 · Written employment contract
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART III
EACH YEAR A BOARD COMMITTEE REVIEWS PERFORMANCE AND COMPENSATION OF THE CEO. ANY CHANGE IN COMPENSATION IS REVIEWED AT THIS TIME.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NEFA FOUNDATION

    501C3 · SUPRT LEAS · GA · controlled entity

    Directly controlled by NEFA

Provenance

Return type
form_990
Tax year
2025
Filed
8 July 2026
IRS schema version
2025v4.0
Source object
202602049349301450

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