Form 990 for tax year 2024
Filed by NATIONAL EQUIPMENT FINANCE ASSOCIATION INC.
Totals
- Total revenue
- $1,620,239
- Total expenses
- $1,879,188
- Contributions and grants received
- $36,806
- Grants paid
- $40,498
- Program service revenue
- $1,490,023
- Investment income
- $66,795
- Other revenue
- $26,615
- Total assets, end of year
- $1,702,470
- Total liabilities, end of year
- $154,578
- Net assets or fund balances, end of year
- $1,547,892
- Program services expenses (Part IX)
- $1,773,648
- Management and general expenses
- $105,540
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,773,648
Program services were 94.4% 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.
-
1f · All other contributions, gifts and grants
$36,806
-
2a · Program service revenue: CONFERENCE REVENUE
total $954,895 · related or exempt $954,895
-
2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS
total $477,700 · related or exempt $477,700
-
2c · Program service revenue: REGIONAL EVENT
total $57,428 · related or exempt $57,428
-
3 · Investment income
total $66,795 · excluded $66,795
-
11a · Other revenue: ADVERTISING INCOME
total $26,615 · related or exempt $26,615
-
11e · Other revenue, total
$26,615
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $39,958 · program services $39,958
-
2 · Grants to domestic individuals
total $540 · program services $540
-
5 · Compensation of officers, directors and key employees
total $220,008 · program services $154,006 · management and general $66,002
-
7 · Other salaries and wages
total $382,529 · program services $361,550 · management and general $20,979
-
8 · Pension plan contributions
total $11,077 · program services $10,476 · management and general $601
-
10 · Payroll taxes
total $44,491 · program services $38,746 · management and general $5,745
-
11c · Fees: accounting
total $9,500 · program services $9,500
-
11g · Fees: other
total $47,768 · program services $47,768
-
12 · Advertising and promotion
total $60,092 · program services $60,092
-
13 · Office expenses
total $24,052 · program services $24,052
-
14 · Information technology
total $9,521 · program services $9,521
-
17 · Travel
total $73,123 · program services $63,661 · management and general $9,462
-
19 · Conferences, conventions and meetings
total $660,610 · program services $660,610
-
22 · Depreciation, depletion and amortization
total $8,203 · program services $8,203
-
23 · Insurance
total $31,388 · program services $29,582 · management and general $1,806
-
24a · Other expenses: SUBSCRIPTION/DUES EXPENSE
total $126,355 · program services $126,355
-
24b · Other expenses: OTHER EXPENSE
total $60,783 · program services $60,783
-
24c · Other expenses: BANK FEES: MERCHANT SERVI
total $27,986 · program services $27,986
-
24d · Other expenses: BANK FEES:MERCHANT SERVIC
total $11,550 · program services $10,605 · management and general $945
-
24e · All other expenses
total $29,654 · program services $29,654
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $669,662 · end of year $778,877
-
2 · Savings and temporary cash investments
beginning of year $1,451,958 · end of year $701,186
-
4 · Accounts receivable
beginning of year $48,643 · end of year $88,292
-
9 · Prepaid expenses and deferred charges
beginning of year $129,602 · end of year $101,639
-
10a · Land, buildings and equipment: cost or other basis
$63,849
-
10b · Land, buildings and equipment: accumulated depreciation
$31,373
-
10c · Land, buildings and equipment, net
beginning of year $12,878 · end of year $32,476
-
17 · Accounts payable and accrued expenses
beginning of year $15,482 · end of year $14,177
-
19 · Deferred revenue
beginning of year $361,424 · end of year $133,474
-
25 · Other liabilities
end of year $6,927
-
27 · Net assets without donor restrictions
beginning of year $1,818,559 · end of year $1,547,892
-
28 · Net assets with donor restrictions
beginning of year $117,278
Mission and programs · 2024
Mission
TO PROVIDE A FORUM FOR MEMBERS TO PURSUE PERSONAL AND PROFESSIONAL GROWTH, ETHICS, ADVOCACY, NETWORKING, EDUCATION AND INVOLVEMENT.
-
THE FALL FUNDING SYMPOSIUM WAS HELD IN INDIANAPOLIS, INDIANA IN NOVEMBER 2024. THE EVENT HOSTED APPROXIMATELY 389 LEASING INDUSTRY PROFESSIONALS. ATTENDEES HAD THE OPPORTUNITY TO NETWORK AND TO LEARN HOW TO OPERATE MORE EFFECTIVELY IN TODAY'S CHALLENGING BUSINESS ENVIRONMENT.
Expenses $441,566 · Revenue $437,489
-
SPRING CONFERENCE - THE NEFA SUMMIT WAS HELD IN HUNTINGTON BEACH, CALIFORNIA IN MARCH 2024. THE EVENT ATTENDANCE WAS 409 LEASING INDUSTRY PROFESSIONALS THAT GATHERED TO NETWORK AND LEARN ABOUT MARKET CONDITIONS AND NEW FINANCING STRATEGIES.
Expenses $522,731 · Grants $15,410 · Revenue $517,406
-
MINI REGIONAL EVENTS - NEFA HELD 7 MINI REGIONAL EVENTS IN 2024. THESE SMALL-SCALE EVENTS WERE HELD IN VARIOUS LOCATIONS AROUND THE UNITED STATES AND VIRTUALLY AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL.
Expenses $107,713 · Revenue $57,428
-
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 15 VIRTUAL NETWORKING EVENTS IN 2024. THESE EVENTS WERE HELD VIRTUALLY AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL. FOUNDATION - THE FOUNDATION AWARDS GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE LEASING INDUSTRY.
Expenses $701,638 · Grants $25,088 · Revenue $477,700
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chad SlussCHAD SLUSS
CEO
- Total calculated
- $220,008
- From this org
- $213,600
- From related orgs
- $0
- Other
- $6,408
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,600
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,408
- Nontaxable benefits
- not reported
- Filer's total
- $220,008
-
Paul Fogle ClfpPAUL FOGLE CLFP
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kim King ClfpKIM KING CLFP
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Shervin Rashti ClfpSHERVIN RASHTI CLFP
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Ron Elwood ClfpRON ELWOOD CLFP
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Robert HornbyROBERT HORNBY
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Jeff BilbreyJEFF BILBREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melissa Fisher ClfpMELISSA FISHER CLFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dave GruberDAVE GRUBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jaimie Haver ClfpJAIMIE HAVER CLFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Beth McLean ClfpBETH MCLEAN CLFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drew Olynick ClfpDREW OLYNICK CLFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kristi SchonKRISTI SCHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy Wagner ClfpAMY WAGNER CLFP
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 · 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
-
$15,410
SUPPORT
-
SUPPORT
-
$9,900
SUPPORT
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.
-
501C3 · SUPRT NEFA · GA · controlled entity
Directly controlled by NEFA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202531299349300608
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