National Installment Lenders Association
- Assets
- $152.0k
- Revenue
- $354.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3881154
Organization Overview
National Installment Lenders Association is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Installment Lenders Association 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 12/2023, National Installment Lenders Association generated $354.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $315.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Installment Lenders Association has awarded 32 individual grants totaling $692,039. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE THAT INSTALLMENT LOAN COMPANIES AND CUSTOMERS HAVE A VOICE IN WASHINGTON, ESPECIALLY ON LEGISLATION THAT AFFECTS THE INSTALLMENT LOAN INDUSTRY, CUSTOMERS, AND EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE GENERAL ADVANCEMENT OF THE CONSUMER CREDIT INDUSTRY.
PROMOTE PUBLIC UNDERSTANDING AND EDUCATE THE PUBLIC IN THE AREA OF CONSUMER CREDIT.
ANALYZE LEGISLATION PENDING IN CONGRESS OR IN THE STATES THAT MAY AFFECT CREDIT PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Noel Director | Trustee | 1 | $0 |
Rochelle Mcclanahan President/secretary/treasurer | OfficerTrustee | 1 | $0 |
Tom Hudgins Director | Trustee | 1 | $0 |
Jody Macon Vice-President | OfficerTrustee | 1 | $0 |
Vic Barr Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acumen Dc Llc Lobbying | 12/30/23 | $147,023 |
Stewart Strategies & Solutions Llc Lobbying | 12/30/23 | $120,715 |
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 | $354,500 |
| 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 | $354,500 |
| 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 | $0 |
| Fees for services: Accounting | $2,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,108 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $969 |
| All other expenses | $230 |
| Total functional expenses | $315,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,963 |
| 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 | $151,963 |
| 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 | $151,963 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $151,963 |
Grants Awarded
Over the last fiscal year, National Installment Lenders Association has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL BLACK CAUCUS OF STATE LEGISLATORS PURPOSE: PROGRAM SUPPORT | $10,000 |
NATIONAL HISPANIC CAUCUS OF STATE LEGISLATORS PURPOSE: PROGRAM SUPPORT | $10,000 |
NOBEL WOMEN PURPOSE: PROGRAM SUPPORT | $15,000 |