Creditor Rights Coalition
- Assets
- $82.2k
- Revenue
- $212.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenvale, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-4302716
Organization Overview
Creditor Rights Coalition is located in Greenvale, NY. Creditor Rights Coalition is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRC SPONSORED TWO CONFERENCES:THE 2023 RESTRUCTURING SYMPOSIUM IN JUNE 2023 AND THE CRC ALLOCATORS CONFERENCE IN OCTOBER 2023. THE 2023 RESTRUCTURING SYMPOSIUM BROUGHT TOGETHER LEADING ACADEMICS, PRACTITIONERS, INVESTORS, AND MARKET PARTICIPANTS TO DISCUSS WHERE WE ARE IN THE CREDIT CYCLE, EVOLVING CREDITOR STRATEGIES AND WHERE THE NEXT CRISIS WILL OCCUR. THE CRC ALLOCATORS CONFERENCE BROUGHT TOGETHER LEADING CREDIT MANAGERS AND ALLOCATORS FOR AN IN-DEPTH DISCUSSION OF THE CREDIT CYCLE AND OUTLOOK FROM HERE, WHERE THERE IS ALPHA, AND BEST IDEAS PRESENTED BY UP-AND-COMING MANAGERS.
CRC PARTICIPATED IN ADVOCACY EFFORTS, WHICH INCLUDED FILING AN AMICUS IN THE U.S. COURT OF APPEALS FOR THE 5TH CIRCUIT IN IN RE: SERTA SIMMONS BEDDING LLC URGING REVERSAL OF THE LOWER COURT'S DECISION. IN ADDITION, CRC SUBMITTED LETTERS TO THE JUDICIAL CONFERENCE AND THE SOUTHERN DISTRICT OF TEXAS TO URGING THE END OF THE PRACTICE OF JUDGE SHOPPING.
DURING 2023, CRC PUBLISHED ITS WEEKLY NEWSLETTER ("CREDITOR CORNER") A APPROXIMATELY 50 TIMES AND ADDITIONAL CONTENT ("SPECIAL FEATURES") APPROXIMATELY 28 TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kamensky Director | Trustee | 12 | $0 |
Evan Lederman Treasurer | Officer | 3 | $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 | $142,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,616 |
| Total Program Service Revenue | $70,000 |
| 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 | $212,616 |
| 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 | $1,134 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $23,809 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $4,000 |
| Office expenses | $4,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,898 |
| Total functional expenses | $138,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,221 |
| 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 | $82,221 |
| 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 | $82,221 |
| Total liabilities and net assets/fund balances | $82,221 |