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← REVENUE BASED FINANCE COALITION INC

Form 990 for tax year 2022

Filed by REVENUE BASED FINANCE COALITION INC.

Totals

Total revenue
$2,870,200
Total expenses
$2,994,996
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,870,200
Investment income
$0
Other revenue
$0
Total assets, end of year
$91,963
Total liabilities, end of year
$360,086
Net assets or fund balances, end of year
-$268,123
Program services expenses (Part IX)
$2,112,213
Management and general expenses
$796,033
Fundraising expenses
$86,750
Program service expenses (Part III)
$2,112,213

Program services were 70.5% 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: MEMBERSHIP DUES & OTHE

    total $2,870,200 · related or exempt $2,870,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $500,000 · management and general $500,000

  • 10 · Payroll taxes

    total $16,146 · management and general $16,146

  • 11c · Fees: accounting

    total $13,825 · management and general $13,825

  • 11g · Fees: other

    total $1,644,675 · program services $1,557,925 · fundraising $86,750

  • 12 · Advertising and promotion

    total $98,114 · program services $98,114

  • 13 · Office expenses

    total $3,184 · management and general $3,184

  • 17 · Travel

    total $170,734 · program services $59,757 · management and general $110,977

  • 19 · Conferences, conventions and meetings

    total $398,667 · program services $396,417 · management and general $2,250

  • 23 · Insurance

    total $30,991 · management and general $30,991

  • 24a · Other expenses: WEBSITE

    total $51,541 · management and general $51,541

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $47,646 · management and general $47,646

  • 24c · Other expenses: BANK FEES

    total $7,025 · management and general $7,025

  • 24d · Other expenses: CONTRIBUTIONS

    total $6,055 · management and general $6,055

  • 24e · All other expenses

    total $6,393 · management and general $6,393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,546 · end of year $66,663

  • 4 · Accounts receivable

    beginning of year $25,300 · end of year $25,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,953 · end of year $360,086

  • 25 · Other liabilities

    beginning of year $218 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$143,325 · end of year -$268,123

Mission and programs · 2022

Mission

RBFC'S MISSION IS TO SUPPORT ITS CONSTITUENTS AS THEY PROVIDE CAPITAL TO AMERICAN BUSINESS OWNERS THROUGH EDUCATION OF THE VARIOUS POTENTIAL LEGISLATIVE AND REGULATORY GROUPS OF THE US GOVERNMENT SUCH AS, MEMBERS OF CONGRESS, GOVERNORS, ATTORNEY GENERALS, STATE LEGISLATORS AND REGULATORS. CFC AND ITS MEMBERS WILL ALSO PROMOTE ITS SMALL BUSINESS FINANCING BEST PRACTICES TO SET A STANDARD OF EXCELLENCE.

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.

    Expenses $2,112,213

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Crockett

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vincent Ney

    VICE-PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Gallagher

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Frascella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Lindsey Rohan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Evan Smeidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Timothy Mages

    TREASURER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343149349305654

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