2023-11-14T18:53:42-06:00 2022-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2022-01-01 526054211 EQUIPMENT LEASING AND FINANCE ASSOCIATION EQUI 2022383400 1625 EYE ST NW 850 WASHINGTON DC 20006 RALPH A PETTA PRESIDENT & CEO 2022383400 2023-11-12 1 RALPH PETTA 999009999 1 MEREDITH BELL P01696827 2022932200 2023-11-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RALPH A PETTA 1625 EYE ST NW 850 WASHINGTON DC 20006 10900154 0 X WWW.ELFAONLINE.ORG X 1961 MD TO PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. 26 25 23 775 147061 7821 720919 553461 7566249 9904583 673113 338726 82343 103384 9042624 10900154 20000 35806 0 0 3738986 4210632 0 0 0 4548739 5939948 8307725 10186386 734899 713768 20234848 22830454 5950546 10201216 14284302 12629238 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 1 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 58 0 1 23 1 1 1 0 0 0 1 1 0 0 0 X 26 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEFF QUIGLEY 2022383400 1625 EYE ST NW 850 WASHINGTON DC 20006 PAUL STILP SECRETARY (THRU 5/15/22) 37.50 0.00 X X 112749 0 23913 MICHAEL DICECCO CHAIR 3.00 0.00 X X 0 0 0 ROBERT C NEAGLE CHAIR ELECT 3.00 0.00 X X 0 0 0 KRIS A SNOW IMMEDIATE PAST CHAIR 3.00 0.00 X X 0 0 0 JAMES CRESS VICE CHAIR 3.00 0.00 X X 0 0 0 ROBERT L BOYER VICE CHAIR 3.00 0.00 X X 0 0 0 EDWARD ROSEN SECRETARY 37.50 0.00 X X 113947 0 18383 DANIEL J KRAJEWSKI TREASURER 4.00 0.00 X X 0 0 0 JON BIORKMAN DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN CANUM DIRECTOR 2.00 0.00 X 0 0 0 DEBRA R DEVASSY BABU DIRECTOR 2.00 0.00 X 0 0 0 MARK DUNCAN DIRECTOR 2.00 0.00 X 0 0 0 DAVID P FARRELL DIRECTOR 2.00 0.00 X 0 0 0 RJ GRIMSHAW DIRECTOR 2.00 0.00 X 0 0 0 ERIC GROSS DIRECTOR 2.00 0.00 X 0 0 0 AMY M GROSS DIRECTOR 2.00 0.00 X 0 0 0 KIRK S PHILLIPS DIRECTOR 2.00 0.00 X 0 0 0 RICARDO A RIOS DIRECTOR 2.00 0.00 X 0 0 0 BARRY J RIPES DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL ROMANOWSKI DIRECTOR 2.00 0.00 X 0 0 0 DAVID J VERKINDEREN DIRECTOR 2.00 0.00 X 0 0 0 ROBERT M WAX DIRECTOR 2.00 0.00 X 0 0 0 BRUCE J WINTER DIRECTOR 2.00 0.00 X 0 0 0 DEBORAH BAKER DIRECTOR 2.00 0.00 X 0 0 0 NATHAN GIBBONS DIRECTOR 2.00 0.00 X 0 0 0 MAUREEN CARR DIRECTOR 2.00 0.00 X 0 0 0 THOMAS RUTHERFORD DIRECTOR 2.00 0.00 X 0 0 0 RALPH PETTA PRESIDENT & CEO 35.50 2.00 X 472571 0 188068 ANDREW FISHBURN VP, FED GOV RELATIONS 37.50 0.00 X 316571 0 25900 SCOTT RIEHL VP, STATE GOV RELATIONS 37.50 0.00 X 256785 0 20588 AMY VOGT VP, COMM & MARKETING 37.50 0.00 X 185092 0 29733 JULIE BENSON VP, MEM MARKETING 37.50 0.00 X 155298 0 22882 ALEXA CARNIBELLA DIRECTOR, PROF DEVELOPMENT 37.50 0.00 X 136347 0 35248 WILLIAM CHOI VP, RESEARCH & INDUSTRY STUDIES 37.50 0.00 X 145406 0 58635 LISA RAMIREZ VP, BUSINESS & PROF DEV 37.50 0.00 X 164698 0 22330 2059464 0 445680 15 0 1 0 O'KEEFE COMMUNICATIONS LLC 2 BETHESDA METRO CENTER SUITE 310 BETHESDA MD 20814 A/V RENTAL 304213 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10016 CONSULTANTS 139588 CHAGRIN VALLEY MEDIA PARTNERS LLC 1188 BELL ROAD SUITE 105 CHAGRIN FALLS OH 44022 MEDIA 130670 RSM US 1250 H ST NW SUITE 700 WASHINGTON DC 20005 ACCOUNTING 117304 EUCLID TECHNOLOGY SOLUTIONS 540 DEVALL DRIVE SUITE 301 AUBURN AL 36832 A/V RENTAL 103512 5 107961 445500 553461 MEMBER DUES 900099 5634841 5634841 CONVENTION/SEMINARS 900099 4028877 4028877 ADVERTISING 541800 145804 145804 PUBLICATIONS 541800 95061 95061 9904583 293123 293123 35046 1257 33789 45603 0 45603 45603 45603 MISCELLANEOUS INCOME 900099 68338 68338 68338 10900154 9758779 147061 440853 35806 1552117 2629499 29016 28863 144277 180000 73957 856874 143963 355305 160314 547992 184086 2573143 166462 25317 CREDIT CARD FEES 177406 DUES & SUBSCRIPTIONS 153032 COMMUNITY SERVICE PROJE 42972 TOURNAMENTS 36321 89664 10186386 3973751 4538904 94134 419625 350052 343701 1900961 1317898 750298 583063 14282843 12178780 783770 4766381 20234848 22830454 438335 673605 3468050 3861844 2044161 5665767 5950546 10201216 X 14284302 12629238 14284302 12629238 20234848 22830454 713768 -2368832 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED EQUIPMENT LEASING & FIN ASSN PAC (LEASEPAC) 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541611789 0 6110 0 0 1 5634841 1698301 2064110 3762411 1296013 2466398 977823 401158 576665 923138 916740 6398 583063 DUE FROM ELFF 373042 DEPOSITS 45305 DEFERRED COMPENSATION PLAN 756835 RIGHT-OF-USE ASSET 3591199 4766381 DEFERRED COMPENSATION PLAN 756835 LEASE LIABILITY 4908932 5665767 X 8457365 -2368832 -2368832 10826197 73957 73957 10900154 10112429 0 10112429 73957 73957 10186386 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, 2022 AND 2021, 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 FOUNDATIONINC 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541527848 501(C)(3) 0 35806 GENERAL SUPPORT 1 0 PART I, LINE 2: GRANT MADE TO CONTROLLED RELATED ORGANIZATION FOR EXEMPT PURPOSES. 1 X X X 0 0 0 RALPH PETTA PRESIDENT & CEO 468121 0 0 0 4450 0 167753 0 20605 0 660929 0 0 0 ANDREW FISHBURN VP, FED GOV RELATIONS 287766 0 28481 0 324 0 24400 0 3000 0 343971 0 0 0 SCOTT RIEHL VP, STATE GOV RELATIONS 233181 0 22675 0 929 0 20588 0 290 0 277663 0 0 0 AMY VOGT VP, COMM & MARKETING 166746 0 18001 0 345 0 15120 0 14613 0 214825 0 0 0 WILLIAM CHOI VP, RESEARCH & INDUSTRY STUDIES 132311 0 12863 0 232 0 37966 0 20669 0 204041 0 0 0 LISA RAMIREZ VP, BUSINESS & PROF DEV 148540 0 16038 0 120 0 13258 0 9072 0 187028 0 0 0 JULIE BENSON VP, MEM MARKETING 139059 0 15988 0 251 0 12525 0 10358 0 178181 0 0 0 ALEXA CARNIBELLA DIRECTOR, PROF DEVELOPMENT 125701 0 10428 0 218 0 11090 0 24158 0 171595 0 0 0 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 2019. 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 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 N 46645 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION O 372992 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION B 35806 CASH