EQUIPMENT LEASING AND FINANCE ASSOCIATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- EQUIPMENT LEASING AND FINANCE ASSOCIATION INC (EIN 52-6054211)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202443209349319704
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T14:56:10-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 919 EAST MAIN STREET SUITE 1800 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526054211 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUIPMENT LEASING AND FINANCE | BusinessNameLine1Txt |
| Business Name Line2 | ASSOCIATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EQUI | BusinessNameControlTxt |
| Phone | 2022383400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1625 EYE ST NW 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEIGH LYTLE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2022383400 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEREDITH BELL | PreparerPersonNm |
| PTIN | P01696827 | PTIN |
| Phone | 8042822121 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LEIGH LYTLE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1625 EYE ST NW 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,475,598 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ELFAONLINE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1961 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Volunteers | 775 | TotalVolunteersCnt |
| Total Gross UBI | $104,030 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $553,461 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,904,583 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,819,473 | CYProgramServiceRevenueAmt |
| PY Investment Income | $338,726 | PYInvestmentIncomeAmt |
| CY Investment Income | $577,108 | CYInvestmentIncomeAmt |
| PY Other Revenue | $103,384 | PYOtherRevenueAmt |
| CY Other Revenue | $79,017 | CYOtherRevenueAmt |
| PY Total Revenue | $10,900,154 | PYTotalRevenueAmt |
| CY Total Revenue | $11,475,598 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $35,806 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $55,090 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,210,632 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,853,450 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,939,948 | PYOtherExpensesAmt |
| CY Other Expenses | $7,033,011 | CYOtherExpensesAmt |
| PY Total Expenses | $10,186,386 | PYTotalExpensesAmt |
| CY Total Expenses | $11,941,551 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $713,768 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$465,953 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,830,454 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,220,997 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,201,216 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,903,597 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,629,238 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,317,400 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ASSOCIATION EXISTS TO PROMOTE AND REPRESENT THE GENERAL INTERESTS OF THE EQUIPMENT LEASING AND FINANCING INDUSTRY, PROVIDE PROGRAMS OF BENEFIT TO THE INDUSTRY AND ITS MEMBERS, PROVIDE INFORMATION, EDUCATION AND COMMUNICATIONS TO THE MEMBERSHIP AND THE PUBLIC, LEAD IN THE RESOLUTION OF GENERAL INDUSTRY PROBLEMS, AND PROMOTE HIGH STANDARDS OF BUSINESS PRACTICES WITHIN THE INDUSTRY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROFESSIONAL DEVELOPMENT - RAISING THE COMPETENCY OF INDUSTRY PROFESSIONALS THROUGH A COMBINATION OF FACE-TO-FACE CONFERENCES AND VARIOUS TECHNOLOGY CHANNELS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVOCACY AND COMMUNICATIONS - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS, AND STANDARD SETTERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INDUSTRY KNOWLEDGE - DELIVERING KNOWLEDGE THROUGH INDUSTRY PERFORMANCE STATISTICS, SPECIFIC BENCHMARKING REPORTS AND SPECIFIC TARGET MARKET ANALYSIS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2022383400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1625 EYE ST NW 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT C NEAGLE | |||||||||
| CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROBERT L BOYER | |||||||||
| CHAIR ELECT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL DICECCO | |||||||||
| IMMEDIATE PAST CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JAMES CRESS | |||||||||
| FIRST VICE CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DEBORAH BAKER | |||||||||
| SECOND VICE CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| EDWARD ROSEN | |||||||||
| SECRETARY | 37.50 | Yes (X) | Yes (X) | $118,614 | $0 | $61,306 | |||
| DANIEL J KRAJEWSKI | |||||||||
| TREASURER | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JON BIORKMAN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KATHLEEN CANUM | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DEBRA R DEVASSY BABU | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID M DRURY | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK DUNCAN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRIAN W ESCHMANN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID P FARRELL | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| RJ GRIMSHAW | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERIC GROSS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMY M GROSS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL JONES | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRAD PETERSON | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIRK S PHILLIPS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICARDO A RIOS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARRY J RIPES | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL ROMANOWSKI | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAYMA SANDQUIST | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| NICK SMALL | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID J VERKINDEREN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT M WAX | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRUCE J WINTER | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| RALPH PETTA | |||||||||
| PRESIDENT & CEO (THRU 12/31/23) | 35.50 | Yes (X) | $739,102 | $0 | $74,278 | 2.00 | |||
| LEIGH LYTLE | |||||||||
| PRESIDENT & CEO (BEG 12/4/23) | 35.50 | Yes (X) | $93,749 | $0 | $0 | 2.00 | |||
| JEFFREY QUIGLEY | |||||||||
| CFO | 37.50 | Yes (X) | $200,944 | $0 | $53,670 | ||||
| ANDREW FISHBURN | |||||||||
| VP, FED GOV RELATIONS | 37.50 | $336,606 | $0 | $32,136 | Yes (X) | ||||
| SCOTT RIEHL | |||||||||
| VP, STATE GOV RELATIONS | 37.50 | $269,943 | $0 | $23,091 | Yes (X) | ||||
| AMY VOGT | |||||||||
| VP, COMM & MARKETING | 37.50 | $193,820 | $0 | $31,129 | Yes (X) | ||||
| JULIE BENSON | |||||||||
| VP, MEM MARKETING | 37.50 | $162,879 | $0 | $25,367 | Yes (X) | ||||
| MATTHEW HART | |||||||||
| DIRECTOR, FED GOV RELATIONS | 37.50 | $149,468 | $0 | $38,170 | Yes (X) | ||||
| WILLIAM CHOI | |||||||||
| VP, RESEARCH & INDUSTRY STUDIES | 37.50 | $152,140 | $0 | $33,306 | Yes (X) | ||||
| LISA RAMIREZ | |||||||||
| VP, BUSINESS & PROF DEV | 37.50 | $179,905 | $0 | $23,826 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,597,170 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $396,279 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| O'KEEFE COMMUNICATIONS LLC | |||||
| 2 BETHESDA METRO CENTER STE 310 | BETHESDA | MD | 20814 | A/V RENTAL | $369,709 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| 300 MADISON AVENUE | NEW YORK | NY | 10016 | CONSULTANTS | $148,934 |
| CP SANIBEL LLC | |||||
| 740 CENTRE VIEW BLVD | CRESTVIEW HILLS | KY | 41017 | MEETING SPACE | $132,670 |
| RSM US | |||||
| 1250 H ST NW SUITE 700 | WASHINGTON | DC | 20005 | ACCOUNTING | $118,602 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| MEMBER DUES | 900099 | $5,900,136 | $5,900,136 | ||
| CONVENTION/SEMINARS | 900099 | $4,749,123 | $4,232,573 | $516,550 | |
| ADVERTISING | 541800 | $123,930 | $24,018 | $99,912 | |
| PUBLICATIONS | 541800 | $46,284 | $46,284 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,819,473 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $423,350 | TotalRevenueColumnAmt |
| Exclusion | $423,350 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,128 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $4,118 | UnrelatedBusinessRevenueAmt |
| Exclusion | $42,010 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $153,758 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $153,758 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $153,758 | TotalRevenueColumnAmt |
| Exclusion | $153,758 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $32,889 | TotalRevenueColumnAmt |
| Exclusion | $32,889 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $32,889 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,475,598 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,203,011 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $104,030 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,168,557 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,090 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,003,441 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,977,325 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,136 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $527,770 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,778 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,969 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,417 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,136 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,051 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,155,902 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,144 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,943 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,642 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,989 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,946 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,665 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,101,079 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,613 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,765 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CREDIT CARD FEES | $203,485 |
| DUES & SUBSCRIPTIONS | $143,621 |
| COMMUNITY SERVICE PROJE | $49,000 |
| TOURNAMENTS | $47,478 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,166 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,941,551 | TotalAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,538,904 | BOYAmt |
| EOY | $4,843,593 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $419,625 | BOYAmt |
| EOY | $200,923 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $343,701 | BOYAmt |
| EOY | $267,935 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,900,961 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,399,511 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $583,063 | BOYAmt |
| EOY | $501,450 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,178,780 | BOYAmt |
| EOY | $13,777,491 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,766,381 | BOYAmt |
| EOY | $3,629,605 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,830,454 | BOYAmt |
| EOY | $23,220,997 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $673,605 | BOYAmt |
| EOY | $1,065,610 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,861,844 | BOYAmt |
| EOY | $4,286,736 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,665,767 | BOYAmt |
| EOY | $4,551,251 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,201,216 | BOYAmt |
| EOY | $9,903,597 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,629,238 | BOYAmt |
| EOY | $13,317,400 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,629,238 | BOYAmt |
| EOY | $13,317,400 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,830,454 | BOYAmt |
| EOY | $23,220,997 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$465,953 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,169,230 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$15,115 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUIPMENT LEASING & FIN ASSN PAC (LEASEPAC) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1625 EYE STREET NW SUITE 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541611789 | EIN |
| Paid Internal Funds | $0 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $5,820 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $5,900,136 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $1,526,814 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $2,466,398 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $3,993,212 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $856,764 | AggregateReportedDuesNtcAmt |
| Carried Over | $3,136,448 | CarriedOverAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $977,822 | OtherCostOrOtherBasisAmt |
| Depreciation | $476,372 | DepreciationAmt |
| Book Value | $501,450 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $923,139 | OtherCostOrOtherBasisAmt |
| Depreciation | $923,139 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $501,450 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM ELFF | $231,407 |
| DEPOSITS | $45,305 |
| DEFERRED COMPENSATION PLAN | $196,647 |
| RIGHT-OF-USE ASSET | $3,156,246 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,629,605 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION PLAN | $196,647 |
| LEASE LIABILITY | $4,354,604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,551,251 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,571,777 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,169,230 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,169,230 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,402,547 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $73,051 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $73,051 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,475,598 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,868,500 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $11,868,500 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $73,051 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $73,051 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $11,941,551 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER IRC SECTION 501(C)(6). THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER IRC SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE PAC IS ORGANIZED AND IS EXEMPT FROM TAX UNDER IRC SECTION 527. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUIPMENT LEASING & FINANCE FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1625 EYE STREET NW SUITE 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 541527848 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $55,090 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANT MADE TO CONTROLLED RELATED ORGANIZATION FOR EXEMPT PURPOSES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RALPH PETTA | ||||||||||||||
| PRESIDENT & CEO (THRU 12/31/23) | $602,145 | $0 | $132,013 | $0 | $4,944 | $0 | $49,500 | $0 | $24,778 | $0 | $813,380 | $0 | $0 | $0 |
| ANDREW FISHBURN | ||||||||||||||
| VP, FED GOV RELATIONS | $303,713 | $0 | $32,425 | $0 | $468 | $0 | $26,336 | $0 | $5,800 | $0 | $368,742 | $0 | $0 | $0 |
| SCOTT RIEHL | ||||||||||||||
| VP, STATE GOV RELATIONS | $244,915 | $0 | $23,468 | $0 | $1,560 | $0 | $21,591 | $0 | $1,500 | $0 | $293,034 | $0 | $0 | $0 |
| JEFFREY QUIGLEY | ||||||||||||||
| CFO | $182,044 | $0 | $18,500 | $0 | $400 | $0 | $17,020 | $0 | $36,650 | $0 | $254,614 | $0 | $0 | $0 |
| AMY VOGT | ||||||||||||||
| VP, COMM & MARKETING | $174,651 | $0 | $18,810 | $0 | $359 | $0 | $15,869 | $0 | $15,260 | $0 | $224,949 | $0 | $0 | $0 |
| LISA RAMIREZ | ||||||||||||||
| VP, BUSINESS & PROF DEV | $155,760 | $0 | $23,951 | $0 | $194 | $0 | $14,490 | $0 | $9,336 | $0 | $203,731 | $0 | $0 | $0 |
| JULIE BENSON | ||||||||||||||
| VP, MEM MARKETING | $145,741 | $0 | $16,868 | $0 | $270 | $0 | $13,157 | $0 | $12,210 | $0 | $188,246 | $0 | $0 | $0 |
| MATTHEW HART | ||||||||||||||
| DIRECTOR, FED GOV RELATIONS | $143,364 | $0 | $6,000 | $0 | $104 | $0 | $12,661 | $0 | $25,509 | $0 | $187,638 | $0 | $0 | $0 |
| WILLIAM CHOI | ||||||||||||||
| VP, RESEARCH & INDUSTRY STUDIES | $138,578 | $0 | $13,314 | $0 | $248 | $0 | $12,248 | $0 | $21,058 | $0 | $185,446 | $0 | $0 | $0 |
| EDWARD ROSEN | ||||||||||||||
| SECRETARY | $109,511 | $0 | $8,549 | $0 | $554 | $0 | $10,259 | $0 | $51,047 | $0 | $179,920 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE CEO AND PRESIDENT PARTICIPATED IN A 457(F) PLAN, A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO EMPLOYER CONTRIBUTIONS IN 2023. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS (OTHERS THAN ASSOCIATE MEMBERS) HAVE VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS, EXCEPT FOR ASSOCIATE MEMBERS, WHO DO NOT HAVE VOTING RIGHTS AND MAY NOT HAVE THEIR REPRESENTATIVES SERVE AS OFFICERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ASSOCIATION'S BOARD OF DIRECTORS HAS DESIGNATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. COMPLIANCE IS MONITORED BY APPROPRIATE STAFF AND OUTSIDE COUNSEL. IN THE EVENT THAT THE ASSOCIATION DISCOVERS THAT A MEMBER OF THE GOVERNING BODY HAD A CONFLICT OF INTEREST, THE ASSOCIATION'S POLICY ON CONFLICTS OF INTEREST WOULD REQUIRE THAT THE PERSON NOT SOLICIT THE TRANSACTION, NOT TAKE PART IN NEGOTIATING, RENEGOTIATING, AMENDING OR APPROVING THE TRANSACTION, NOT EXERCISE ANY RECOMMENDING OR DECISION-MAKING AUTHORITY ARISING FROM HIS OR HER POSITION WITH ELFA, AND NOT EXERCISE ANY PERSONAL INFLUENCE WITH THE BOARD OF DIRECTORS OR WITH ANY OTHER MANAGER OR EMPLOYEE OF ELFA OR ANY ENTITY CONTROLLED BY ELFA IN THE DISPOSITION OF THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN INDEPENDENT CONSULTING FIRM IS RETAINED AS NEEDED TO PROVIDE COMPARABILITY DATA AND ADVISE ON MANAGEMENT SALARIES. THE DATA IS REVIEWED AND APPROVED BY THE PERSONNEL COMMITTEE. THE PRESIDENT'S LAST COMPENSATION REVIEW WAS HELD IN JUNE 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | BYLAWS, POLICES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EQUIPMENT LEASING & FINANCE FOUNDATION INC | |||||||||||
| 1625 EYE STREET NW SUITE 850 | WASHINGTON | DC | 20006 | 541527848 | RESEARCH | DC | 501(C)(3) | LINE 11B, II | ELFA | 0 | |
| EQUIPMENT LEASING AND FINANCE ASSOCIATION PAC (LEASEPAC) | |||||||||||
| 1625 EYE STREET NW SUITE 850 | WASHINGTON | DC | 20006 | 541611789 | POLITICAL ACTION COMMITTEE | DC | 527 | 0 | N/A | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| EQUIPMENT LEASING AND FINANCE FOUNDATION | ||
| B | $55,090 | CASH |
| EQUIPMENT LEASING AND FINANCE FOUNDATION | ||
| O | $362,135 | CASH |
| EQUIPMENT LEASING AND FINANCE FOUNDATION | ||
| N | $32,747 | CASH |