Council For Fair Lending
- Assets
- $7.4k
- Revenue
- $182.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-0409022
Organization Overview
Council For Fair Lending is located in Birmingham, AL. The organization was established in 2008. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Fair Lending is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Council For Fair Lending generated $182.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $195.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COUNCIL FOR FAIR LENDING, INC. EXISTS AS A PUBLIC COMMUNICATION ENTITY FOR THE CASH ADVANCE AND TITLE LOAN INDUSTRY. OUR GOALS ARE TO ESTABLISH OPERATING STANDARDS FOR OUR INDUSTRY, TO EDUCATE CONSUMERS ABOUT THE USE OF OUR SERVICES AND TO COMMUNICATE THIS INFORMATION DIRECTLY TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITE CASH ADVANCE AND TITLE LENDERS IN THE STATE OF ALABAMA IN ORDER TO BETTER EDUCATE CONSUMERS AND THE MEDIA ABOUT THE SERVICES PROVIDED BY SHORT TERM LENDERS.
ESTABLISH ACCOUNTABILITY WITHIN THE INDUSTRY AND ENSURE FAIR TREATMENT OF ALL CUSTOMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Hutcheson Director & Treasurer | OfficerTrustee | 1 | $0 |
Max Wood Director & President | OfficerTrustee | 1 | $0 |
David Grissom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $182,619 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,750 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,448 |
| Total liabilities and net assets/fund balances | $7,448 |
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|---|---|---|
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Snell Foundation Inc Biloxi, MS | $3,848,629 | $1,656,850 |
Georgia Watch Atlanta, GA | $200,633 | $719,215 |
Council On Aviation Accreditation Inc Opelika, AL | $252,544 | $521,685 |
Florida Consumer Alliance Inc Tallahassee, FL | $327,247 | $390,000 |
Council For Fair Lending Birmingham, AL | $7,448 | $182,619 |
Kingswood Protection Association John C Huffard Atlanta, GA | $9,337 | $0 |
Cancer Prevention Coalition Boca Raton, FL | $0 | $0 |
Florida Cnsumer Action Network Foundation Inc St Petersburg, FL | $59,035 | $0 |