Revenue Based Finance Coalition Inc
- Assets
- $56.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac Falls, VA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-1270942
Organization Overview
Revenue Based Finance Coalition Inc is located in Potomac Falls, VA. The organization was established in 2016. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revenue Based Finance Coalition 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, Revenue Based Finance Coalition Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY THAT SUPPORT DEVELOPING REVENUE BASED FINANCING, BEST PRACTICE STANDARDS AND RESEARCH AND ADVICE CONCERNING POTENTIAL REGULATORY DEVELOPMENTS AFFECTING THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Crockett President & Director | OfficerTrustee | 2 | $0 |
Vincent Ney Vice-President & Director | OfficerTrustee | 2 | $0 |
William Gallagher Secretary & Director | OfficerTrustee | 2 | $0 |
Timothy Mages Treasurer | Officer | 2 | $0 |
Lindsey Rohan Director | Trustee | 1.5 | $0 |
David Frascella Director | Trustee | 1.5 | $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 | $1,351,233 |
| 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 | $1,351,233 |
| 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. | $104,167 |
| Compensation of current officers, directors, key employees. | $104,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,000 |
| Fees for services: Accounting | $12,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $729,954 |
| Advertising and promotion | $57,694 |
| Office expenses | $1,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,368 |
| All other expenses | $0 |
| Total functional expenses | $1,302,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,300 |
| 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 | $56,846 |
| Accounts payable and accrued expenses | $199,953 |
| 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 | $218 |
| Total liabilities | $200,171 |
| Net assets without donor restrictions | -$143,325 |
| 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 | $56,846 |
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Association Of Clinical Research Organizations Washington, DC | $2,656,292 | $2,241,906 |
Styrene Information And Research Center Inc Towson, MD | $1,447,485 | $1,359,270 |
Payments Leadership Association Washington, DC | $534,883 | $1,750,000 |
Revenue Based Finance Coalition Inc Potomac Falls, VA | $56,846 | $1,351,233 |
Construction Industry Round Table Inc Mc Lean, VA | $1,218,040 | $1,218,712 |
National Homeland Security Association Inc Falls Church, VA | $416,677 | $981,390 |
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