National Equipment Finance Association Inc

Organization Overview

National Equipment Finance Association Inc is located in Northbrook, IL. The organization was established in 2010. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, National Equipment Finance Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Equipment Finance Association Inc 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, National Equipment Finance Association Inc generated $820.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $839.5k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FALL FUNDING SYMPOSIUM WAS HELD VIRTUALLY IN OCTOBER 2021. THE EVENT HOSTED APPROXIMATELY 263 LEASING INDUSTRY PROFESSIONALS. ATTENDEES HAD THE OPPORTUNITY TO NETWORK AND TO LEARN HOW TO OPERATE MORE EFFECTIVELY IN TODAY'S CHALLENGING BUSINESS ENVIRONMENT.


SPRING CONFERENCE - THE NEFA SUMMIT WAS HELD VIRTUALLY IN MARCH 2021. THE EVENT ATTENDANCE WAS 246 LEASING INDUSTRY PROFESSIONALS THAT GATHERED TO NETWORK AND LEARN ABOUT MARKET CONDITIONS AND NEW FINANCING STRATEGIES.


MINI REGIONAL EVENTS - NEFA HELD 7 MINI REGIONAL EVENTS IN 2021. THESE SMALL SCALE EVENTS WERE HELD IN VARIOUS LOCATIONS THROUGHOUT THE UNITED STATES AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Chad Sluss
Executive Di
$176,000
Scott Wheeler
Vice Preside
$0
Adam Peterson
Treasurer
$0
Robert Hornby
Secretary
$0
Laura Carini
Past Preside
$0
James Jackson
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $81,391
All other contributions, gifts, grants, and similar amounts not included above$23,900
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$105,291
Total Program Service Revenue$673,916
Investment income $5,853
Tax Exempt Bond Proceeds $0
Royalties $4,420
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 $820,325

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