2022-02-25T10:54:55-06:00 2021-12-31 521827777 STURGILL & ASSOCIATES LLP 20 LIBERTY ST - PO BOX 546 WESTMINSTER MD 211580546 990 2021-01-01 135569334 CREDIT RESEARCH FOUNDATION INC CRED 4438213000 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 WILLIAM BALDUINO PRESIDENT 4438213003 2022-02-05 true WILLIAM BALDUINO XXX-XX-XXXX GERALD L STURGILL CPA P00773309 4108484460 2022-02-25 2021 2022-09-23 18:48:47Z WILLIAM BALDUINO 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 4991828 false X CRFONLINE.ORG X 1949 MD THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE EDUCATION AND RESEARCH FOR TODAY'S CREDIT, ACCOUNTS RECEIVABLE AND CUSTOMER FINANCIAL SERVICE PROFESSIONALS. CRF PROMOTES LEADERSHIP AND PROVIDES LINKAGE BETWEEN PRACTICE AND EDUCATION, SERVING ITS DIVERSE MEMBERSHIP BY RECOGNIZING EXCELLENCE, PROMOTING THE EXCHANGE OF INFORMATION AND FOSTERING INTELLECTUAL DEVELOPMENT. 4 4 6 59700 427846 374838 753701 693918 125957 171493 63798 59741 1371302 1299990 0 0 1084188 1178680 0 0 175304 157077 1259492 1335757 111810 -35767 1950205 1969851 500804 556217 1449401 1413634 X SEE SCHEDULE O false false 221733 223012 CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT. THESE EVENTS WERE LIMITED IN 2020 DUE TO COVID. 230117 226237 PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC. 28740 25058 EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS. 480821 219611 RESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT. 480821 219611 961411 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 3 0 6 true true true false false false false false false false false false false false X 4 4 false false false false true true false true true false false false true true true true true true false false X CHERYL WEAVERLING 4438213003 1812 BALTIMORE BLVD SUITE H WESTMINSTER MD 21157 WILLIAM BALDUINO PRESIDENT 35.00 X 270374 0 26585 MATTHEW SKUDERA VP RESEARCH 40.00 X 247804 0 12720 CHERYL WEAVERLING CFO 40.00 X 163357 0 8857 KURT ALBRIGHT TRUSTEE 1.00 X 0 0 0 ROBERT ANDERSON TRUSTEE 1.00 X 0 0 0 SHAWNA ARNESON TRUSTEE 1.00 X 0 0 0 MICHAEL BEVILACQUA CHAIRMAN 1.00 X X 0 0 0 PAUL CATALANO TRUSTEE 1.00 X 0 0 0 DAN HARVICK TRUSTEE 1.00 X 0 0 0 CURTIS MARSHALL TRUSTEE 1.00 X 0 0 0 JACKIE MULLIGAN VICE CHAIRME 1.00 X X 0 0 0 RICK RUSSELL TRUSTEE 1.00 X 0 0 0 681535 48162 3 false true false 83300 291538 374838 PUBLICATIONS 611430 226237 226237 CONFERENCES AND MEETINGS 611430 223012 223012 RESEARCH 611430 219611 219611 EDUCATION 611430 25058 25058 693918 14393 14393 3848938 3691838 157100 157100 157100 CREDIT AND FINANCE JOURNAL 541800 40000 40000 CRF NEWS 541800 19700 19700 MISCELLANEOUS 900099 41 41 59741 1299990 851059 59700 14393 690000 503600 186400 261000 214000 47000 50456 37864 12592 114627 85584 29043 62597 48353 14244 17135 17135 13000 13000 14064 14064 6233 6233 13595 13595 49255 39404 9851 1040 936 104 500 500 3113 2490 623 5689 5689 BANK CHARGES 17338 17338 ON LINE TRAINING EXPENSE 8087 8087 READERSHIP COSTS NEWS 6998 6998 DUES AND SUBSCRIPTIONS 736 736 294 294 1335757 961411 374346 0 105679 105894 10748 4264 40028 51163 51867 46831 3670 5036 1784416 1806358 1400 1400 1950205 1969851 183429 193894 317375 362323 500804 556217 X 1449401 1413634 1449401 1413634 1950205 1969851 -35767 X false true X true X 1161094 1138145 1080024 1144850 1033673 5557786 406725 363490 329261 36697 35083 1171256 1567819 1501635 1409285 1181547 1068756 6729042 6729042 71038 29912 39921 26570 14393 181834 71038 29912 39921 26570 14393 181834 8337 31335 28095 18845 32702 119314 396 162 802 23 41 1424 1647590 1563044 1478103 1226985 1115892 7031614 0.95700 0.95660 0.03000 0.03000 X PART III, LINE 12 1,424 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51867 46831 5036 5036 1299990 1299990 1299990 1335757 1335757 1335757 X false false false false false false false false false WILLIAM BALDUINO PRESIDENT 270374 26585 296959 MATTHEW SKUDERA VP RESEARCH 247804 12720 260524 CHERYL WEAVERLING CFO 163357 8857 172214 FORM 990, PAGE 2, PART III, LINE 4D RESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS APPROXIMATELY 340 MEMBERS BUT NOT ALL ARE VOTING MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE NOMINATING COMMITTEE RECOMMENDS INDIVIDUALS TO BE ELECTED TO THE BOARD. THE BOARD OF TRUSTESS VOTE TO ACCEPT OR REJECT THE NOMINATION. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT REVIEWS THE FEDERAL FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD AND STAFF HAVE A DUTY TO DISCLOSE ANY PERSONAL, FAMILY OR BUSINESS INTERESTS THAT MAY , IN THE EYES OF ANOTHER PERSON, INFLUENCE THEIR JUDGEMENT. THE BOARD AS A WHOLE HAS A DUTY TO DISCLOSE SPECIFIC CONFLICTS OF INTEREST TO FOUNDATION MEMBERS, STAFF AND EXTERNAL STAKEHOLDERS WHERE THAT INTEREST MAY, IN THEIR JUDGEMENT, AFFECT THE REPUTATION OR CREDIBILITY OF THE FOUNDATION, AND TO DISCLOSE THE BOARD'S PROCEDURE FOR OPERATING IN THE PRESENCE OF SUCH CONFLICTS. BOARD MEMBERS AND STAFF HAVE A DUTY TO EXEMPT THEMSELVES FROM PARTICIPATING IN ANY DISCUSSION AND VOTING ON ANY MATTERS WHERE THEY HAVE, OR MAY BE PERCEIVED AS HAVING A CONFLICT OF INTEREST. SUCH EXEMPTIONS SHOULD BE RECORDED IN THE MINUTES OF MEETINGS. ANY BUSINESS RELATIONSHIP BETWEEN AN INDIVIDUAL (OR A COMPANY WHERE THE INDIVIDUAL IS AN OWNER OR IN A POSITION OF AUTHORITY) AND THE FOUNDATION, OUTSIDE OF THEIR RELATIONSHIP AS A BOARD OR STAFF MEMBER MUST BE FORMALIZED IN WRITING AND APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES CONDUCTED A THOROUGH COMPENSATION STUDY BASED ON INFORMATION FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AS WELL AS INTERVIEWS WITH OTHER ASSOCIATION EXECUTIVES IN DETERMINING THE SALARY FOR THE CRF PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.