2019-02-05T07:21:41-06:00 2018-12-31 521827777 STURGILL & ASSOCIATES LLP 20 LIBERTY ST - PO BOX 546 WESTMINSTER MD 211580546 990 2018-01-01 135569334 CREDIT RESEARCH FOUNDATION INC CRED 4438213000 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 WILLIAM BALDUINO PRESIDENT 4438213003 2019-02-01 true GERALD L STURGILL CPA P00773309 4108484460 2019-02-01 64.88.174.3 2019-02-05 07:21:41 CS P 623A46E75494A8C6BB2278CDC93150E42A72175E 4E73B9E1356B045AFCB27AD33E6AF7C19469B5B3 2018 2019-02-21 02:37:17Z WILLIAM BALDUINO 1812 BALTIMORE BLVD H WESTMINSTER MD 21157 3074708 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 69500 303599 305358 1264220 1196277 94756 152941 70896 69662 1733471 1724238 0 0 1086416 1063569 0 0 594322 520449 1680738 1584018 52733 140220 2123700 1993897 755144 726252 1368556 1267645 X SEE SCHEDULE O false false 642170 595519 CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT. 177504 278946 PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC. 41040 44217 EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS. 393680 277595 RESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT. 393680 277595 1254394 true false 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 MARTY SCAMINACI PAST CHAIRMA 0.25 X X 0 0 0 MICHAEL BEVILACQUA VICE CHAIR R 0.25 X X 0 0 0 FRANK SEBASTIAN CHAIRMAN 0.50 X X 0 0 0 ART TUTTLE TRUSTEE 0.25 X 0 0 0 JACKIE MULLIGAN TRUSTEE 0.25 X 0 0 0 PETER KNOX TRUSTEE 0.25 X 0 0 0 DAWN BURFORD VICE CHAIR M 0.25 X X 0 0 0 PAUL CATALANO TRUSTEE 0.25 X 0 0 0 KURT ALBRIGHT TRUSTEE 0.25 X 0 0 0 NANCY ALFVEBY TRUSTEE 0.25 X 0 0 0 RICK RUSSELL TRUSTEE 0.25 X 0 0 0 WILLIAM BALDUINO PRESIDENT 50.00 X 299567 0 29454 MATTHEW SKUDERA VP RESEARCH 40.00 X 239145 0 26066 CHERYL WEAVERLING CFO 40.00 X 163743 0 8368 702455 63888 3 false true false 305358 305358 CONFERENCES AND MEETINGS 611430 595519 595519 PUBLICATIONS 611430 278946 278946 RESEARCH 611430 277595 277595 EDUCATION 611430 44217 44217 1196277 29912 29912 1473499 1350470 123029 123029 123029 CREDIT AND FINANCE JOURNAL 541800 43000 43000 CRF NEWS 541800 26500 26500 MISCELLANEOUS 900099 162 162 69662 1724238 1196439 69500 152941 702455 511547 190908 188603 184263 4340 48992 39193 9799 76902 61521 15381 46617 37293 9324 15322 15322 14385 14385 25480 6276 19204 13941 13941 52545 42036 10509 7638 6874 764 299348 299348 9255 7404 1851 6072 6072 BANK CHARGES 26211 26211 READERSHIP COSTS JOURNAL 18498 13955 4543 EMPLOYEE TRANSITION 11910 11910 ON LINE TRAINING EXPENSE 11588 11588 8256 7245 1011 1584018 1254394 329624 0 412831 388457 90207 122488 4577 3951 19983 16968 87147 74067 12918 13080 1581784 1447553 1400 1400 2123700 1993897 241534 237474 513610 488778 755144 726252 X 1368556 1267645 1368556 1267645 2123700 1993897 140220 -241131 X false true X false false X 874613 1135350 1129938 1161094 1138145 5439140 427610 374563 373637 406725 363490 1946025 1302223 1509913 1503575 1567819 1501635 7385165 7385165 68869 60391 45525 71038 29912 275735 68869 60391 45525 71038 29912 275735 16571 22394 8337 31335 78637 645 1824 1335 396 162 4362 1371737 1588699 1572829 1647590 1563044 7743899 0.95370 0.95550 0.04000 0.04000 X PART III, LINE 12 4,362 62188 58236 3952 24959 15831 9128 13080 1468722 -241131 -241131 1709853 14385 14385 1724238 1569633 1569633 14385 14385 1584018 X X X X false false false false false false false false false WILLIAM BALDUINO PRESIDENT 299567 29454 329021 MATTHEW SKUDERA VP RESEARCH 239145 26066 265211 CHERYL WEAVERLING CFO 163743 8368 172111 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 600 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.