CREDIT RESEARCH FOUNDATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT RESEARCH FOUNDATION INC (EIN 13-5569334)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-02-16
- IRS object ID
- 201630479349302028
- Schema version
- 2015v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-02-16T16:12:23-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521827777 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STURGILL & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LIBERTY ST - PO BOX 546 | AddressLine1Txt |
| City | WESTMINSTER | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 211580546 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135569334 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT RESEARCH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRED | BusinessNameControlTxt |
| Phone | 4438213000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1812 BALTIMORE BLVD H | AddressLine1Txt |
| City | WESTMINSTER | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21157 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM BALDUINO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4438213003 | PhoneNum |
| Signature | 2016-02-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GERALD L STURGILL CPA | PreparerPersonNm |
| PTIN | P00773309 | PTIN |
| Phone | 4108484460 | PhoneNum |
| Preparation | 2016-02-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM BALDUINO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1812 BALTIMORE BLVD H | AddressLine1Txt |
| City | WESTMINSTER | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21157 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,226,287 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | CRFONLINE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1949 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Gross UBI | $60,850 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$10,201 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $65,698 | PYContributionsGrantsAmt |
| CY Contributions Grants | $250,225 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,281,525 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,259,688 | CYProgramServiceRevenueAmt |
| PY Investment Income | $63,161 | PYInvestmentIncomeAmt |
| CY Investment Income | $77,240 | CYInvestmentIncomeAmt |
| PY Other Revenue | $55,845 | PYOtherRevenueAmt |
| CY Other Revenue | $62,674 | CYOtherRevenueAmt |
| PY Total Revenue | $1,466,229 | PYTotalRevenueAmt |
| CY Total Revenue | $1,649,827 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $830,585 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $934,028 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $512,767 | PYOtherExpensesAmt |
| CY Other Expenses | $548,421 | CYOtherExpensesAmt |
| PY Total Expenses | $1,343,352 | PYTotalExpensesAmt |
| CY Total Expenses | $1,482,449 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $122,877 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $167,378 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,786,009 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,833,240 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $691,521 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $664,275 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,094,488 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,168,965 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $592,658 | ExpenseAmt |
| Revenue | $564,926 | RevenueAmt |
| Desc | CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $198,177 | ExpenseAmt |
| Revenue | $301,070 | RevenueAmt |
| Desc | PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $92,380 | ExpenseAmt |
| Revenue | $98,651 | RevenueAmt |
| Desc | EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $302,685 | ExpenseAmt |
| Revenue | $295,041 | RevenueAmt |
| Desc | RESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $302,685 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $295,041 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $1,185,900 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHERYL WEAVERLING | PersonNm |
| Phone | 4438213003 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1812 BALTIMORE BLVD SUITE H | AddressLine1Txt |
| City | WESTMINSTER | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21157 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MARTY SCAMINACI | ||||||
| CHAIRMAN | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRAD BOE | ||||||
| PAST CHAIRMA | 0.25 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SHARON NICKERSON | ||||||
| VICE CH - FI | 0.25 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KENNETH GREEN | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL BEVILACQUA | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| ROB HANUS | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| RICHARD KULIK | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| CARSTEN SCHMITZ | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| MIKE SCOTT | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| FRANK SEBASTIAN | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| KRIS SKUPAS | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| VIRGINIA SODERMAN | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| DOUG SWAFFORD | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| ART TUTTLE | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM WEILEMANN | ||||||
| TRUSTEE | 0.25 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM BALDUINO | ||||||
| PRESIDENT | 50.00 | Yes (X) | $266,257 | $0 | $24,913 | |
| LYLE WALLIS | ||||||
| VP RESEARCH | 40.00 | Yes (X) | $151,923 | $0 | $9,411 | |
| CHERYL WEAVERLING | ||||||
| TREASURER/SE | 40.00 | Yes (X) | $120,639 | $0 | $6,757 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $538,819 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $41,081 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $250,225 | AllOtherContributionsAmt |
| Total Contributions | $250,225 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONFERENCES AND MEETINGS | 611430 | $564,926 | $564,926 |
| PUBLICATIONS | 611430 | $301,070 | $301,070 |
| RESEARCH | 611430 | $295,041 | $295,041 |
| EDUCATION | 611430 | $98,651 | $98,651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,259,688 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,391 | TotalRevenueColumnAmt |
| Exclusion | $60,391 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $593,309 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $576,460 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,849 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,849 | TotalRevenueColumnAmt |
| Exclusion | $16,849 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| CREDIT AND FINANCE JOURNAL | 541800 | $39,500 | $39,500 | |
| CRF NEWS | 541800 | $21,350 | $21,350 | |
| MISCELLANEOUS | 900099 | $1,824 | $1,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $62,674 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,649,827 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,261,512 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $60,850 | UnrelatedBusinessRevenueAmt |
| Exclusion | $77,240 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,819 | TotalAmt |
| Program Services | $389,056 | ProgramServicesAmt |
| Management And General | $149,763 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,090 | TotalAmt |
| Program Services | $200,975 | ProgramServicesAmt |
| Management And General | $13,115 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,788 | TotalAmt |
| Program Services | $30,230 | ProgramServicesAmt |
| Management And General | $7,558 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,923 | TotalAmt |
| Program Services | $78,149 | ProgramServicesAmt |
| Management And General | $20,774 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,408 | TotalAmt |
| Program Services | $35,082 | ProgramServicesAmt |
| Management And General | $9,326 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,250 | TotalAmt |
| Management And General | $15,250 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,042 | TotalAmt |
| Management And General | $30,042 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,220 | TotalAmt |
| Program Services | $32,176 | ProgramServicesAmt |
| Management And General | $8,044 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,784 | TotalAmt |
| Program Services | $5,206 | ProgramServicesAmt |
| Management And General | $578 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,482 | TotalAmt |
| Program Services | $292,482 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,615 | TotalAmt |
| Program Services | $6,092 | ProgramServicesAmt |
| Management And General | $1,523 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,936 | TotalAmt |
| Management And General | $5,936 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ON LINE TRAINING EXPENSE | $27,890 | $27,890 | |
| BANK AND INVESTMENT CHARG | $25,898 | $25,898 | |
| PROGRAM RELATED IT SERVIC | $22,811 | $22,811 | |
| READERSHIP COSTS | $15,716 | $13,318 | $2,398 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,777 | TotalAmt |
| Program Services | $52,433 | ProgramServicesAmt |
| Management And General | $6,344 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,482,449 | TotalAmt |
| Program Services | $1,185,900 | ProgramServicesAmt |
| Management And General | $296,549 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,158 | BOYAmt |
| EOY | $352,037 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,257 | BOYAmt |
| EOY | $129,582 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,990 | BOYAmt |
| EOY | $3,858 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,951 | BOYAmt |
| EOY | $30,068 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $74,976 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $58,406 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,199 | BOYAmt |
| EOY | $16,570 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,383,054 | BOYAmt |
| EOY | $1,299,725 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,400 | BOYAmt |
| EOY | $1,400 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,786,009 | BOYAmt |
| EOY | $1,833,240 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,439 | BOYAmt |
| EOY | $166,425 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $533,082 | BOYAmt |
| EOY | $497,850 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $691,521 | BOYAmt |
| EOY | $664,275 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,094,488 | BOYAmt |
| EOY | $1,168,965 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,094,488 | BOYAmt |
| EOY | $1,168,965 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,786,009 | BOYAmt |
| EOY | $1,833,240 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $167,378 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$92,901 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $751,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $813,879 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $826,257 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $874,613 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,135,350 | CurrentTaxYearAmt |
| Total | $4,401,427 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $393,445 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $408,032 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $425,719 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $427,610 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $374,563 | CurrentTaxYearAmt |
| Total | $2,029,369 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,144,773 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,221,911 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,251,976 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,302,223 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,509,913 | CurrentTaxYearAmt |
| Total | $6,430,796 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $6,430,796 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,540 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,600 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $34,087 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,869 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $60,391 | CurrentTaxYearAmt |
| Total | $229,487 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,540 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,600 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $34,087 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,869 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $60,391 | CurrentTaxYearAmt |
| Total | $229,487 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $16,571 | CurrentTaxYearAmt |
| Total | $16,571 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,012 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,345 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $841 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $645 | CurrentTaxYearMinus1YearAmt |
| Total | $23,843 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,193,325 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,261,856 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,286,904 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,371,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,586,875 | CurrentTaxYearAmt |
| Total | $6,700,697 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95970 | PublicSupportCY509Pct |
| Public Support PY509 | 0.96500 | PublicSupportPY509Pct |
| Investment Income CY | 0.03000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.03000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, LINE 12 | FormAndLineReferenceDesc |
| Explanation | 23,843 | ExplanationTxt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $59,434 | OtherCostOrOtherBasisAmt |
| Depreciation | $49,060 | DepreciationAmt |
| Book Value | $10,374 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,542 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,346 | DepreciationAmt |
| Book Value | $6,196 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $16,570 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $1,556,926 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$92,901 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$92,901 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,649,827 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,649,827 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,482,449 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,482,449 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,482,449 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| WILLIAM BALDUINO | |||
| PRESIDENT | $266,257 | $24,913 | $291,170 |
| LYLE WALLIS | |||
| VP RESEARCH | $151,923 | $9,411 | $161,334 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 EXMEPT 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. |
| FORM 990, PAGE 7, PART VII | THERE ARE NO RELATED ORGANIZATIONS. |
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