2024-11-15T14:56:10-06:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 526054211 EQUIPMENT LEASING AND FINANCE ASSOCIATION EQUI 2022383400 1625 EYE ST NW 850 WASHINGTON DC 20006 LEIGH LYTLE CFO 2022383400 2024-11-15 1 0 MEREDITH BELL P01696827 8042822121 2024-11-15 2023 2024-10-15 13:58:12Z LEIGH LYTLE 1625 EYE ST NW 850 WASHINGTON DC 20006 11475598 0 X WWW.ELFAONLINE.ORG X 1961 MD TO PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. 28 27 24 775 104030 0 553461 0 9904583 10819473 338726 577108 103384 79017 10900154 11475598 35806 55090 0 0 4210632 4853450 0 0 0 5939948 7033011 10186386 11941551 713768 -465953 22830454 23220997 10201216 9903597 12629238 13317400 X 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. 0 0 BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. PROFESSIONAL DEVELOPMENT - RAISING THE COMPETENCY OF INDUSTRY PROFESSIONALS THROUGH A COMBINATION OF FACE-TO-FACE CONFERENCES AND VARIOUS TECHNOLOGY CHANNELS. ADVOCACY AND COMMUNICATIONS - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS, AND STANDARD SETTERS. INDUSTRY KNOWLEDGE - DELIVERING KNOWLEDGE THROUGH INDUSTRY PERFORMANCE STATISTICS, SPECIFIC BENCHMARKING REPORTS AND SPECIFIC TARGET MARKET ANALYSIS. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 53 0 1 24 1 1 1 0 0 0 1 1 0 0 0 X 28 27 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 2022383400 1625 EYE ST NW 850 WASHINGTON DC 20006 ROBERT C NEAGLE CHAIR 3.00 X X 0 0 0 ROBERT L BOYER CHAIR ELECT 3.00 X X 0 0 0 MICHAEL DICECCO IMMEDIATE PAST CHAIR 3.00 X X 0 0 0 JAMES CRESS FIRST VICE CHAIR 3.00 X X 0 0 0 DEBORAH BAKER SECOND VICE CHAIR 3.00 X X 0 0 0 EDWARD ROSEN SECRETARY 37.50 X X 118614 0 61306 DANIEL J KRAJEWSKI TREASURER 4.00 X X 0 0 0 JON BIORKMAN DIRECTOR 2.00 X 0 0 0 KATHLEEN CANUM DIRECTOR 2.00 X 0 0 0 DEBRA R DEVASSY BABU DIRECTOR 2.00 X 0 0 0 DAVID M DRURY DIRECTOR 2.00 X 0 0 0 MARK DUNCAN DIRECTOR 2.00 X 0 0 0 BRIAN W ESCHMANN DIRECTOR 2.00 X 0 0 0 DAVID P FARRELL DIRECTOR 2.00 X 0 0 0 RJ GRIMSHAW DIRECTOR 2.00 X 0 0 0 ERIC GROSS DIRECTOR 2.00 X 0 0 0 AMY M GROSS DIRECTOR 2.00 X 0 0 0 MICHAEL JONES DIRECTOR 2.00 X 0 0 0 BRAD PETERSON DIRECTOR 2.00 X 0 0 0 KIRK S PHILLIPS DIRECTOR 2.00 X 0 0 0 RICARDO A RIOS DIRECTOR 2.00 X 0 0 0 BARRY J RIPES DIRECTOR 2.00 X 0 0 0 MICHAEL ROMANOWSKI DIRECTOR 2.00 X 0 0 0 JAYMA SANDQUIST DIRECTOR 2.00 X 0 0 0 NICK SMALL DIRECTOR 2.00 X 0 0 0 DAVID J VERKINDEREN DIRECTOR 2.00 X 0 0 0 ROBERT M WAX DIRECTOR 2.00 X 0 0 0 BRUCE J WINTER DIRECTOR 2.00 X 0 0 0 RALPH PETTA PRESIDENT & CEO (THRU 12/31/23) 35.50 2.00 X 739102 0 74278 LEIGH LYTLE PRESIDENT & CEO (BEG 12/4/23) 35.50 2.00 X 93749 0 0 JEFFREY QUIGLEY CFO 37.50 X 200944 0 53670 ANDREW FISHBURN VP, FED GOV RELATIONS 37.50 X 336606 0 32136 SCOTT RIEHL VP, STATE GOV RELATIONS 37.50 X 269943 0 23091 AMY VOGT VP, COMM & MARKETING 37.50 X 193820 0 31129 JULIE BENSON VP, MEM MARKETING 37.50 X 162879 0 25367 MATTHEW HART DIRECTOR, FED GOV RELATIONS 37.50 X 149468 0 38170 WILLIAM CHOI VP, RESEARCH & INDUSTRY STUDIES 37.50 X 152140 0 33306 LISA RAMIREZ VP, BUSINESS & PROF DEV 37.50 X 179905 0 23826 2597170 0 396279 16 0 1 0 O'KEEFE COMMUNICATIONS LLC 2 BETHESDA METRO CENTER STE 310 BETHESDA MD 20814 A/V RENTAL 369709 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10016 CONSULTANTS 148934 CP SANIBEL LLC 740 CENTRE VIEW BLVD CRESTVIEW HILLS KY 41017 MEETING SPACE 132670 RSM US 1250 H ST NW SUITE 700 WASHINGTON DC 20005 ACCOUNTING 118602 4 MEMBER DUES 900099 5900136 5900136 CONVENTION/SEMINARS 900099 4749123 4232573 516550 ADVERTISING 541800 123930 24018 99912 PUBLICATIONS 541800 46284 46284 10819473 423350 423350 46128 4118 42010 153758 0 153758 153758 153758 MISCELLANEOUS INCOME 900099 32889 32889 32889 11475598 10203011 104030 1168557 55090 2003441 1977325 135136 527770 209778 28969 156417 183136 73051 1155902 123144 350943 224642 22989 580946 273665 3101079 81613 83765 CREDIT CARD FEES 203485 DUES & SUBSCRIPTIONS 143621 COMMUNITY SERVICE PROJE 49000 TOURNAMENTS 47478 149166 11941551 4538904 4843593 419625 200923 343701 267935 1900961 1399511 583063 501450 12178780 13777491 4766381 3629605 22830454 23220997 673605 1065610 3861844 4286736 5665767 4551251 10201216 9903597 X 12629238 13317400 12629238 13317400 22830454 23220997 -465953 1169230 -15115 0 X X 0 1 X 1 0 EQUIPMENT LEASING & FIN ASSN PAC (LEASEPAC) 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541611789 0 5820 0 0 1 5900136 1526814 2466398 3993212 856764 3136448 977822 476372 501450 923139 923139 0 501450 DUE FROM ELFF 231407 DEPOSITS 45305 DEFERRED COMPENSATION PLAN 196647 RIGHT-OF-USE ASSET 3156246 3629605 DEFERRED COMPENSATION PLAN 196647 LEASE LIABILITY 4354604 4551251 X 12571777 1169230 1169230 11402547 73051 73051 11475598 11868500 0 11868500 73051 73051 11941551 PART X, LINE 2: 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. 1 EQUIPMENT LEASING & FINANCE FOUNDATION INC 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541527848 501(C)(3) 55090 0 GENERAL SUPPORT 1 0 PART I, LINE 2: GRANT MADE TO CONTROLLED RELATED ORGANIZATION FOR EXEMPT PURPOSES. 1 X X 0 1 0 RALPH PETTA PRESIDENT & CEO (THRU 12/31/23) 602145 0 132013 0 4944 0 49500 0 24778 0 813380 0 0 0 ANDREW FISHBURN VP, FED GOV RELATIONS 303713 0 32425 0 468 0 26336 0 5800 0 368742 0 0 0 SCOTT RIEHL VP, STATE GOV RELATIONS 244915 0 23468 0 1560 0 21591 0 1500 0 293034 0 0 0 JEFFREY QUIGLEY CFO 182044 0 18500 0 400 0 17020 0 36650 0 254614 0 0 0 AMY VOGT VP, COMM & MARKETING 174651 0 18810 0 359 0 15869 0 15260 0 224949 0 0 0 LISA RAMIREZ VP, BUSINESS & PROF DEV 155760 0 23951 0 194 0 14490 0 9336 0 203731 0 0 0 JULIE BENSON VP, MEM MARKETING 145741 0 16868 0 270 0 13157 0 12210 0 188246 0 0 0 MATTHEW HART DIRECTOR, FED GOV RELATIONS 143364 0 6000 0 104 0 12661 0 25509 0 187638 0 0 0 WILLIAM CHOI VP, RESEARCH & INDUSTRY STUDIES 138578 0 13314 0 248 0 12248 0 21058 0 185446 0 0 0 EDWARD ROSEN SECRETARY 109511 0 8549 0 554 0 10259 0 51047 0 179920 0 0 0 PART I, LINE 4B THE CEO AND PRESIDENT PARTICIPATED IN A 457(F) PLAN, A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO EMPLOYER CONTRIBUTIONS IN 2023. 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. 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 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 EQUIPMENT LEASING AND FINANCE FOUNDATION B 55090 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION O 362135 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION N 32747 CASH