2020-02-05T12:03:22-06:00 2019-12-31 521827777 STURGILL & ASSOCIATES LLP 20 LIBERTY ST - PO BOX 546 WESTMINSTER MD 211580546 990 2019-01-01 135569334 CREDIT RESEARCH FOUNDATION INC CRED 4438213000 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 WILLIAM BALDUINO PRESIDENT 4438213003 2020-02-03 true GERALD L STURGILL CPA P00773309 4108484460 2020-02-03 64.88.174.3 2020-02-05 12:03:22 CS P 4C7DC7612BF2C33F4C538FFC030253D694109685 623A46E75494A8C6BB2278CDC93150E42A72175E 2019 2020-09-23 17:36:50Z WILLIAM BALDUINO 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 3878837 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. 12 12 5 62350 305358 307550 1196277 1100933 152941 79272 69662 63152 1724238 1550907 0 0 1063569 1086732 0 0 520449 533364 1584018 1620096 140220 -69189 1993897 1973935 726252 653093 1267645 1320842 X SEE SCHEDULE O false false 658012 528958 CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT. 181101 260566 PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC. 178682 257492 EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS. 286564 53917 RESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT. 286564 53917 1304359 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 5 true true true false false false false false false false false false false false X 12 12 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 290374 0 28339 MATTHEW SKUDERA VP RESEARCH 40.00 X 252815 0 15143 CHERYL WEAVERLING CFO 40.00 X 164358 0 8553 KURT ALBRIGHT VICE CHAIR F 10.00 X X 0 0 0 NANCY ALFVEBY TRUSTEE 10.00 X 0 0 0 SHAWNA ARNESON TRUSTEE 10.00 X 0 0 0 MICHAEL BEVILACQUA VICE CHAIR R 10.00 X X 0 0 0 PAUL CATALANO TRUSTEE 10.00 X 0 0 0 PETER KNOX TRUSTEE 10.00 X 0 0 0 CURTIS MARSHALL TRUSTEE 10.00 X 0 0 0 JACKIE MULLIGAN VICE CHAIRME 10.00 X X 0 0 0 RICK RUSSELL TRUSTEE 10.00 X 0 0 0 MARTY SCAMINACI PAST CHAIRMA 10.00 X 0 0 0 FRANK SEBASTIAN CHAIRMAN 20.00 X X 0 0 0 707547 52035 3 false true false 307550 307550 CONFERENCES AND MEETINGS 611430 528958 528958 PUBLICATIONS 611430 260566 260566 RESEARCH 611430 257492 257492 EDUCATION 611430 53917 53917 1100933 39921 39921 2367281 2327930 39351 39351 39351 CREDIT AND FINANCE JOURNAL 541800 40000 40000 CRF NEWS 541800 22350 22350 MISCELLANEOUS 900099 802 802 63152 1550907 1101735 62350 79272 716740 525341 191399 199725 195383 4342 49539 39631 9908 71881 57505 14376 48847 39078 9769 14246 14246 6041 6041 21691 3104 18587 12670 12670 50392 40314 10078 8788 7909 879 326132 326132 6086 4869 1217 5666 5666 BANK CHARGES 25993 25993 READERSHIP COSTS JOURNAL 14266 12061 2205 ON LINE TRAINING EXPENSE 13182 13182 EMPLOYEE TRANSITION 11527 11527 16684 15653 1031 1620096 1304359 315737 0 388457 171201 122488 69594 3951 4625 16968 24730 50471 43476 13080 6995 1447553 1695390 1400 1400 1993897 1973935 237474 247362 488778 405731 726252 653093 X 1267645 1320842 1267645 1320842 1993897 1973935 -69189 122386 X false true X false false X 1135350 1129938 1161094 1138145 1080024 5644551 374563 373637 406725 363490 329261 1847676 1509913 1503575 1567819 1501635 1409285 7492227 7492227 60391 45525 71038 29912 39921 246787 60391 45525 71038 29912 39921 246787 16571 22394 8337 31335 28095 106732 1824 1335 396 162 802 4519 1588699 1572829 1647590 1563044 1478103 7850265 0.95440 0.95370 0.03000 0.04000 X PART III, LINE 12 4,519 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25512 24879 633 24959 18597 6362 6995 1667252 122386 122386 1544866 6041 6041 1550907 1614055 1614055 6041 6041 1620096 X X X X false false false false false false false false false WILLIAM BALDUINO PRESIDENT 290374 28339 318713 MATTHEW SKUDERA VP RESEARCH 252815 15143 267958 CHERYL WEAVERLING CFO 164358 8553 172911 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 460 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.