Credit Roundtable Association
- Assets
- $462.3k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tarrytown, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-4087373
Organization Overview
Credit Roundtable Association is located in Tarrytown, NY. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Credit Roundtable 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 12/2022, Credit Roundtable Association generated $215.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $132.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CREDIT ROUNDTABLE ASSOCIATION (CRT) IS A MEMBERSHIP ORGANIZATION COMMITTED TO ENHANCING BONDHOLDER PROTECTIONS THROUGH EDUCATION, OUTREACH AND ADVOCACY. CRT SHALL BE DEVOTED TO THE IMPROVEMENT OF GENERAL BUSINESS CONDITIONS IN THE INSTITURIONAL BOND MARKET INCLUDING, AMONG OTHERS:1)EDUCATING INVESTORS, ISSUERS, UNDERWRITERS, REGULATORS, AND OTHER MARKET PARTICIPANTS TO THE VALUE OF BONDHOLDER COVENANT PROTECTIONS AND ADVOCATING FOR THE INCLUSION, STANDARDIZATION, AND PRESERVATION OF COVENANT PROTECTIONS IN BOND INDENTURES,2)IDENTIFYING ENHANCEMENTS TO, ADVOCATING FOR THE IMPLEMENTATION OF IMPROVEMENTS TO THE NEW ISSUE BOND UNDERWRITING AND DISTRIBUTION PROCESS,3)IMPLEMENTING ENHANCEMENTS TO THE BOND TENDER/EXCHANGE AND CONSENT PROCESS,4)PROMULGATING IMPROVEMENTS IN DISCLOSURE AND TRANSPARENCY,5)PURSUING ANY LAWFUL ACT OR ACTIVITY AND, EXERCISING ANY POWERS AFFORDED TO NONPROFIT, NONSTOCK CORPORATIONS IN THE STATE OF DE, IN FURTHERANCE OF ITS ABOVE-STATED MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING INCLUDES MONTHLY MEMBER CONFERENCE CALLS, IN-PERSON MEETINGS WITH REGULATORS AND TWO ANNUAL CONFERENCES (ONE IN THE SPRING, AND ONE IN THE FALL). IN ADDITON, MEMBERS WORK TOGETHER ON TASKS FORCES AND BONDHOLDER GROUPS. CRT ALSO PARTICIPATED ON WRITING COMMENT LETTERS AND WHITE PAPERS, AND ALSO CONDUCTING SURVEYS, ON BEHALF OF ITS MEMBERS AND THE BROADER INSTITUTIONAL INVESTOR COMMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Gootkind Chairman | OfficerTrustee | 2 | $0 |
David Knutson Vice Chair | OfficerTrustee | 2 | $0 |
Anthony Brekke Board Member | Trustee | 2 | $0 |
Keenan Choy Board Member | Trustee | 2 | $0 |
Lori Finlay Board Member | Trustee | 2 | $0 |
David Gold Board Member | Trustee | 2 | $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 | $215,000 |
| Investment income | $73 |
| 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 | $215,073 |
| 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 | $59,397 |
| Fees for services: Legal | $1,296 |
| Fees for services: Accounting | $3,275 |
| 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 | $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 | $2,900 |
| All other expenses | $1,309 |
| Total functional expenses | $132,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,080 |
| Savings and temporary cash investments | $437,289 |
| 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 | $4,950 |
| 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 | $462,319 |
| 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 | $32,892 |
| Total liabilities | $32,892 |
| 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 | $429,427 |
| Total liabilities and net assets/fund balances | $462,319 |