INNOVATIVE LENDING PLATFORM ASSOCIATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
INNOVATIVE LENDING PLATFORM ASSOCIATION (EIN 81-3600428)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-06
IRS object ID
202233109349300603
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2022-11-06T09:57:36-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521392008PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GELMAN ROSENBERG & FREEDMANBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14550 MONTGOMERY AVE SUITE 800NAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP208142930ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN813600428EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INNOVATIVE LENDING PLATFORM ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINNOBusinessNameControlTxt
Phone2026155151PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO ONDECK 901 N STUART ST 700AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT STEWARTPersonNm
Person TitleCEOPersonTitleTxt
Phone2026155151PhoneNum
Signature2022-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastSTEWARTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD J LOCASTRO CPAPreparerPersonNm
PTINP00288314PTIN
Phone3019519090PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSCOTT STEWARTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O ONDECK 901 N STUART ST 700AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,012,500GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.INNOVATIVELENDING.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionSEE PART III, LINE 1.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$703,000PYProgramServiceRevenueAmt
CY Program Service Revenue$1,012,500CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$703,000PYTotalRevenueAmt
CY Total Revenue$1,012,500CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$219,615PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$238,049CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$429,789PYOtherExpensesAmt
CY Other Expenses$672,117CYOtherExpensesAmt
PY Total Expenses$649,404PYTotalExpensesAmt
CY Total Expenses$910,166CYTotalExpensesAmt
PY Revenues Less Expenses$53,596PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$102,334CYRevenuesLessExpensesAmt
Total Assets BOY$97,859TotalAssetsBOYAmt
Total Assets EOY$219,545TotalAssetsEOYAmt
Total Liabilities BOY$90,196TotalLiabilitiesBOYAmt
Total Liabilities EOY$109,548TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,663NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$109,997NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE INNOVATIVE LENDING PLATFORM ASSOCIATION (ILPA) IS A LEADING TRADE ORGANIZATION REPRESENTING A DIVERSE GROUP OF ONLINE LENDING AND SERVICE COMPANIES SERVING SMALL BUSINESSES, UNITED BY A SHARED COMMITMENT TO THE HEALTH AND SUCCESS OF SMALL BUSINESSES IN AMERICA. THE ILPA IS DEDICATED TO ADVANCING BEST PRACTICES AND STANDARDS THAT SUPPORT RESPONSIBLE INNOVATION AND ACCESS TO CAPITAL FOR SMALL BUSINESSES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescSTATE AND FEDERAL GOVERNMENT AFFAIRS: PROVIDE THE MEMBERS OF THE ASSOCIATION WITH A VIEW INTO WHAT IS HAPPENING BOTH LEGISLATIVELY AND REGULATORILY WITH RESPECT TO SMALL BUSINESS FINANCING AT THE FEDERAL LEVEL AND IN THE STATES. PROVIDE COORDINATING PROGRAMS AND ACTIVITIES FOR MEMBERS TO EDUCATE REGULATORS AND LAWMAKERS ON THE IMPACT OF POTENTIAL POLICY CHANGES UPON AMERICA'S SMALL BUSINESSES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescRESEARCH, COMMUNICATIONS AND MARKETING: BUILD A SERIES OF MESSAGES AND COMMUNICATIONS ACTIVITIES FOR MEMBERS TO UTILIZE IN THEIR BUSINESSES. USE THE ASSOCIATION TO EXPOUND THE VALUE OF ONLINE SMALL BUSINESS LENDING TO THE HEALTH OF SMALL BUSINESS AND THE US ECONOMY.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescNETWOKING AND INFORMATION SHARING: DEVELOP A SERIES OF TEAMS AND WORKING GROUPS TO TACKLE INDUSTRY CHALLENGES IN A COOPERATIVE FASHION. OFFER VIRTUAL AND FACE TO FACE OPPORTUNITIES FOR ENGAGEMENT, INTERACTION AND COLLABORATIVE PROBLEM SOLVING.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT STEWARTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2026155151PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O ONDECK 901 N STUART ST 700AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KIRK CHARTIER
PRESIDENT (FROM 12/2021)5.00Yes (X)Yes (X)$0$0$0
SHARON CARMELI
PRESIDENT (UNTIL 12/2021)5.00Yes (X)Yes (X)$0$0$0
WILLIAM PHELAN
TREASURER5.00Yes (X)Yes (X)$0$0$0
TODD HAMBLET
SECRETARY5.00Yes (X)Yes (X)$0$0$0
CORY KAMPFER
DIRECTOR5.00Yes (X)$0$0$0
DAVID LEIBOWITZ
DIRECTOR5.00Yes (X)$0$0$0
JESSE SILVERMAN
DIRECTOR5.00Yes (X)$0$0$0
DANIEL LAGEMAN
DIRECTOR5.00Yes (X)$0$0$0
RYAN METCALF
DIRECTOR5.00Yes (X)$0$0$0
ETHAN HANSON
DIRECTOR5.00Yes (X)$0$0$0
KATHRYN PETRALIA
DIRECTOR5.00Yes (X)$0$0$0
SCOTT STEWART
CEO60.00Yes (X)$225,250$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$225,250TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BB ADVISORY LLC
1602 BELLE VIEW BLVD 4096ALEXANDRIAVA22307ADVISORY SERVICES$274,652
ALARIS STRATEGIES LLC
6004 HENNING STREETBETHESDAMD20817STATE GOV'T AFFAIRS AND COMM.$249,986
STERNHELL GROUP
1201 NEW YORK AVE SUITE 900WASHINGTONDC20005FED. GOV'T AFFAIRS$120,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMEMBERSHIP DUESDesc
Business900099BusinessCd
Total Revenue Column$1,012,500TotalRevenueColumnAmt
Related Or Exempt Func Income$1,012,500RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,012,500TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,012,500TotalRevenueColumnAmt
Related Or Exempt Func Income$1,012,500RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$224,250TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,799TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,649TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$369,986TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$274,652TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,419TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$580TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
PAYROLL PROCESSING FEES$1,552
LICENSES & FEES$279

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$910,166TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$88,182BOYAmt
EOY$213,448EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,000BOYAmt
EOY$6,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,803LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$677BOYAmt
EOY$97EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$97,859BOYAmt
EOY$219,545EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$58,696BOYAmt
EOY$87,048EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$31,500BOYAmt
EOY$22,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$90,196BOYAmt
EOY$109,548EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,663BOYAmt
EOY$109,997EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,663BOYAmt
EOY$109,997EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$97,859BOYAmt
EOY$219,545EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$102,334ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$1,012,500DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$369,986NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$142,292NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$512,278NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$455,625AggregateReportedDuesNtcAmt
Carried Over$56,653CarriedOverAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,900OtherCostOrOtherBasisAmt
Depreciation$2,803DepreciationAmt
Book Value$97BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$97TotalBookValueLandBuildingsAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSCOTT STEWARTPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$225,250BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$225,250TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CORPORATION CURRENTLY HAS TWO CLASSES OF MEMBERS: A VOTING MEMBER ("PRINCIPAL MEMBER") OR A NONVOTING MEMBER ("ASSOCIATE MEMBER").
FORM 990, PART VI, SECTION A, LINE 7ATHE INITIAL BOARD OF DIRECTORS WAS APPOINTED BY THE INCORPORATOR. THEREAFTER, EACH PRINCIPAL MEMBER MAY APPOINT ONE DIRECTOR FOR A TWO-YEAR TERM AT THE ANNUAL MEETING. THE ASSOCIATE MEMBER ADVISORY COMMITTEE ELECTS TWO "AT LARGE" DIRECTORS TO REPRESENT THE ASSOCIATE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS HAVE THE AUTHORITY TO APPOINT DIRECTORS; APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE CORPORATION (THE "ARTICLES OF INCORPORATION") AND THE BYLAWS; APPROVE ANY "FUNDAMENTAL TRANSACTION" AS DEFINED IN THE NONPROFIT CORPORATION ACT, INCLUDING BUT NOT LIMITED TO MERGER, SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, CONVERSION OR DISSOLUTION OF THE CORPORATION; AND APPROVE ANY MATTER THAT MAY BE SUBMITTED TO THE MEMBERS BY THE BOARD OF DIRECTORS, IN THE DISCRETION OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CEO AND OUTSIDE COUNSEL. THE FINAL COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW AND COMMENT BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. UPON ELECTION OR APPOINTMENT TO THE BOARD, ALL NEW DIRECTORS DISCLOSE ANY FINANCIAL INTEREST WHICH MAY POSE A POTENTIAL CONFLICT OF INTEREST. THIS DISCLOSURE INCLUDES ANY INTEREST, FINANCIAL OR OTHERWISE, IN ANY CORPORATION, ORGANIZATION OR PARTNERSHIP THAT PROVIDES PROFESSIONAL OR OTHER SERVICES TO THE CORPORATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") OR TO ANY COMMITTEES WITH BOARD DELEGATED POWERS (E.G., CONFLICTS OR COMPENSATION COMMITTEES) CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT, INCLUDING ANY RELEVANT AND MATERIAL FACTS KNOWN TO SUCH INTERESTED PERSON ABOUT THE MATTER THAT REASONABLY MIGHT BE CONSTRUED TO BE ADVERSE TO THE CORPORATION. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE EXCUSES HIMSELF/HERSELF FROM THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, OR KEY EMPLOYEE HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT INFORMS THE INDIVIDUAL OF THE BASIS FOR SUCH BELIEF AND AFFORDS AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. AFTER HEARING THE RESPONSES AND MAKING FURTHER INVESTIGATION AS WARRANTED UNDER THE CIRCUMSTANCES, IF THE BOARD OR COMMITTEE DETERMINES THAT THE DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, OR KEY EMPLOYEE IS AN INTERESTED PERSON AND HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. PROMPT CORRECTIVE ACTION IS REQUIRED IN ORDER TO AVOID THE SECOND-TIER PENALTY TAX UNDER SECTION 4958 OF THE CODE AND OTHER ADDITIONAL LIABILITY AND MUST INCLUDE FULL RESTITUTION TO THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 15ATHE ASSOCIATION HIRED A CEO IN OCTOBER 2017. IN ORDER TO DETERMINE THE CEO'S COMPENSATION: 1) THE COMPENSATION PROPOSAL WAS REVIEWED AND APPROVED BY THE BOARD; 2) THE BOARD REVIEWED THE COMPENSATION OF COMPARABLE ROLES AT OTHER TRADE ASSOCIATIONS; AND 3) THE BOARD RAN A FORMAL PROCESS OF ENGAGEMENT AND DELIBERATION. 4) THE BOARD DOCUMENTED COMPENSATION IN THE CEO'S EMPLOYEMENT AGREEMENT. THE LAST COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2021.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GADVISORY SERVICES 274,652.

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