2012-07-31T04:30:59-05:00 2011-12-31 521446779 JOHNSON LAMBERT LLP 700 SPRING FOREST ROAD STE 115 RALEIGH NC 27609 990 2011-01-01 526054211 EQUIPMENT LEASING AND FINANCE ASSOCIATION INC EQUI 2022383400 1825 K STREET NW NO 900 WASHINGTON DC 20006 WILLIAM G SUTTON 2022383400 2012-07-27 1 9197196400 2011 2016-02-24 21:20:13Z WILLIAM G SUTTON 1825 K STREET NW NO 900 WASHINGTON DC 20006 9242353 0 X WWW.ELFAONLINE.ORG X 1961 MD PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. 22 22 21 750 190652 0 153310 267720 6397458 7013782 251393 609278 149424 124745 6951585 8015525 0 0 0 0 2457883 2698466 0 0 0 4270582 4337649 6728465 7036115 223120 979410 8041085 8229879 3105662 3285892 4935423 4943987 X THE ASSOCIATION EXISTS TO PROMOTE AND REPRESENT THE GENERAL INTERESTS OF THE EQUIPMENT LEASING AND FINANCE INDUSTRY, PROVIDE PROGRAMS OF BENEFIT TO THE INDUSTRY AND ITS MEMBERS, PROVIDE INFORMATION, EDUCATION AND COMMUNICATIONS TO THE MEMBERSHIP AND THE PUBLIC, LEAD IN THE RESOLUTION OF GENERAL INDUSTRY PROBLEMS, AND PROMOTE HIGH STANDARDS OF BUSINESS PRACTICES WITHIN THE INDUSTRY. 0 0 MEMBER RELATIONS - PROVIDING EFFECTIVE ASSOCIATION LEADERSHIP, INDUSTRY KNOWLEDGE, AND COMMUNICATING THE CREDIBILITY OF THE EQUIPMENT LEASING AND FINANCE INDUSTRY TO POLICY MAKERS AND THE NATION AS A WHOLE. BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. INDUSTRY ADVOCACY - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS AND STANDARD SETTERS. INDUSTRY KNOWLEDGE-- DELIVERING KNOWLEDGE THROUGH INDUSTRY PERFORMANCE STATISTICS, SPECIFIC BENCHMARKING REPORTS AND SPECIFIC TARGET MARKET ANALYSIS.PROFESSIONAL COMPETENCY-- RAISING THE COMPETENCY OF INDUSTRY PROFESSIONALS THROUGH A COMBINATION OF FACE-TO-FACE CONFERENCES AND VARIOUS TECHNOLOGY CHANNELS. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 22 0 1 21 1 1 1 0 0 0 1 1 0 X 22 22 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAUL STILP 2022383400 1825 K STREET NW SUITE 900 WASHINGTON DC 20006 X KENT M ADAMS 2.00 X 0 0 0 TOM ASKOUNIS 2.00 X 0 0 0 ANTHONY CRACCHIOLO 2.00 X 0 0 0 STEVE A GROSSO 2.00 X 0 0 0 STAN HERKELMAN 2.00 X 0 0 0 LAUREN HILL 2.00 X 0 0 0 HARRY KAPLUN 2.00 X 0 0 0 ANTHONY PACCHIANO 2.00 X 0 0 0 RICHARD L ROSS 2.00 X 0 0 0 FRED SASSER 2.00 X 0 0 0 DAVID T SCHAEFER 2.00 X 0 0 0 LARRY A SMILIE 2.00 X 0 0 0 JUD SNYDER 2.00 X 0 0 0 WILLIAM F STEPHENSON 2.00 X 0 0 0 LOUIS J VIGLIOTTI 2.00 X 0 0 0 DEREK C WILKINS 2.00 X 0 0 0 ROBERT BOYER 2.00 X 0 0 0 SUSAN CAROL 2.00 X 0 0 0 DANIEL MCCABE 2.00 X 0 0 0 JUSTIN COOPER 2.00 X 0 0 0 JOHN HEIST JR 2.00 X 0 0 0 KRIS A SNOW 2.00 X 0 0 0 CRIT DEMENT 8.00 X X 0 0 0 RICK REMIKER 6.00 X X 0 0 0 DAVID A MERRILL 8.00 X X 0 0 0 KENNETH R COLLINS JR 6.00 X X 0 0 0 ADAM D WARNER 4.00 X 0 0 0 ROBERT J RINALDI 4.00 X 0 0 0 JAMES MCGRANE 4.00 X 0 0 0 WILLIAM G SUTTON 35.50 X 350379 0 33324 PAUL A STILP 35.50 X 107464 0 22788 THOMAS M JASCHIK 6.00 X 0 0 0 RALPH A PETTA 37.50 X 184107 0 45064 DAVID H FENIG 37.50 X 214649 0 26044 DENNIS E BROWN 37.50 X 164077 0 43572 LESLEY G STERLING 37.50 X 121310 0 36619 1141986 0 207411 6 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 30384 CONVENTION AND MEETING SERVICES 580855 WASHINGTON COUNCIL ERNST & YOUNG LLP 1001 PENNSYLVANIA AVENUE NW WASHINGTON DC 20004 GOVERNMENT AFFAIRS CONSULTING 180000 O'KEEFE COMMUNICATIONS INC 4301 CONNECTICUT AVENUE NW 200 WASHINGTON DC 20008 CONVENTION AND MEETING SERVICES 172352 MATRIX GROUP INTERNATIONAL INC 2711 JEFFERSON DAVIS HIGHWAY SUITE ARLINGTON VA 22202 IT CONSULTING 141236 DYKEMA GOSSETT PLLC 1300 I STREET NW 3RD FLOOR W WASHINGTON DC 20005 LEGAL SERVICES 133606 8 267720 267720 MEMBER DUES 900099 3606580 3606580 CONVENTION/SEMINARS 900099 3050664 2270394 780270 ADVERTISING 541800 299919 109267 190652 PUBLICATIONS 900099 56619 56619 7013782 156769 156769 62045 62045 1679337 1226828 452509 452509 452509 SUBLEASE INCOME 900099 62700 62700 62700 8015525 6042860 190652 1514293 1191468 1083747 105724 175697 141830 96268 109484 180459 47624 667204 224822 430759 202251 520299 155062 1351122 15582 1000 136781 32669 AWARDS & GIFTS 54797 DUES & SUBSCRIPTIONS 52554 TRAINING & STAFF DEVELO 32403 ASSOCIATION RELATIONS 19198 7311 7036115 1446592 3079707 109016 91084 333241 107918 1131910 493152 770676 638758 5322497 4277714 59063 34698 8041085 8229879 263946 373286 2382596 2490304 459120 422302 3105662 3285892 X 4935423 4943987 4935423 4943987 8041085 8229879 X 979410 -970846 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31956 0 0 0 0 EQUIPMENT LEASING AND FINANCE ASSN PAC (LEASEPAC) 1825 K STREET NW WASHINGTON DC 20006 541611789 0 0 0 0 1 3606580 741102 -1899525 -1158423 1442632 -2601055 0 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: ADMINISTRATIVE EXPENSES PAID ON BEHALF OF RELATED POLITICAL ACTION COMMITTEE. 183627 75121 108506 948283 418031 530252 638758 DEFERRED RENT 224216 CAPITAL LEASE OBLIGATION 198086 422302 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ACCORDANCE WITH GAAP, THE ASSOCIATION AND FOUNDATION HAVE CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011. X 1 1 X X X X X 0 0 0 WILLIAM G SUTTON 327640 0 21313 0 1426 0 19600 0 13724 0 383703 0 0 0 RALPH A PETTA 183400 0 0 0 707 0 36338 0 8726 0 229171 0 0 0 DAVID H FENIG 204818 0 9016 0 815 0 17318 0 8726 0 240693 0 0 0 DENNIS E BROWN 156305 0 6901 0 871 0 29965 0 13607 0 207649 0 0 0 LESLEY G STERLING 115571 0 5161 0 578 0 22895 0 13724 0 157929 0 0 0 PART I, LINE 1A THE SPOUSE OF THE ELFA PRESIDENT HAS NUMEROUS DUTIES DURING BOARD MEETINGS AND AT THE ANNUAL CONVENTION THEREFORE ELFA PROVIDES AIRFARE AND ACCOMMODATIONS TO THE SPOUSE FOR THESE MEETINGS. THIS INCOME WAS NOT CONSIDERED TO BE TAXABLE INCOME TO THE PRESIDENT BY THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION UPDATED LANGUAGE IN THEIR BYLAWS REGARDING THE TERMINATION OF ASSOCIATION OFFICERS BASED ON CHANGES IN STATUS, INCLUDING EMPLOYMENT. THE BYLAWS PREVIOUSLY STATED THAT AN OFFICER'S POSITION WILL TERMINATE IF A SPECIFIED STATUS CHANGE EXCEEDS 60 DAYS. THE ADJUSTMENTS TO THE BYLAWS EXTEND THE PERIOD TO 180 DAYS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS (OTHER THAN ASSOCIATE MEMBERS) HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS, EXCEPT FOR ASSOCIATE MEMBERS, WHO DO NOT HAVE VOTING RIGHTS AND MAY HAVE THEIR REPRESENTATIVES SERVE AS OFFICERS. FORM 990, PART VI, SECTION B, LINE 11 THE ASSOCIATION'S BOARD OF DIRECTORS HAS DESIGNATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. COMPLIANCE IS MONITORED BY APPROPRIATE STAFF AND OUTSIDE COUNSEL. IN THE EVENT THAT THE ASSOCIATION DISCOVERS THAT A MEMBER OF THE GOVERNING BODY HAD A CONFLICT OF INTEREST, THE ASSOCIATION'S POLICY ON CONFLICTS OF INTEREST WOULD REQUIRE THAT THE PERSON NOT SOLICIT THE TRANSACTION, NOT TAKE PART IN NEGOTIATING, RENEGOTIATING, AMENDING OR APPROVING THE TRANSACTION, NOT EXERCISE ANY RECOMMENDING OR DECISION-MAKING AUTHORITY ARISING FROM HIS OR HER POSITION WITH ELFA, AND NOT EXERCISE ANY PERSONAL INFLUENCE WITH THE BOARD OF DIRECTORS OR WITH ANY OTHER MANAGER OR EMPLOYEE OF ELFA OR ANY ENTITY CONTROLLED BY ELFA IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM IS RETAINED AS NEEDED TO PROVIDE COMPARABILITY DATA AND ADVISE ON MANAGEMENT SALARIES. THE DATA IS REVIEWED AND APPROVED BY THE PERSONNEL COMMITTEE. THE PRESIDENT'S LAST COMPENSATION REVIEW WAS HELD IN DECEMBER 2011. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. FORM 990, PART VII, AVERAGE HOURS PER WEEK FOR RELATED ORGANIZATIONS: PAUL A. STILP - 2.00 AVERAGE HRS/WEEK WITH EQUIPMENT LEASING AND FINANCE FOUNDATION, INC. WILLIAM G. SUTTON - 2.00 AVERAGE HRS/WEEK WITH EQUIPMENT LEASING AND FINANCE FOUNDATION, INC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DONATED SERVICES AND USE OF FACILITIES: -103,594. NET UNREALIZED LOSSES ON INVESTMENTS -867,252. TOTAL TO FORM 990, PART XI, LINE 5: -970,846. EQUIPMENT LEASING & FINANCE FOUNDATION 1825 K STREET NW WASHINGTON DC 20006 541527848 RESEARCH DC 501(C)(3) LINE 11B, II ELFA 0 EQUIPMENT LEASING AND FINANCE ASSN PAC (LEASEPAC) 1825 K STREET NW WASHINGTON DC 20006 541611789 POLITICAL ACTION COMMITTEE DC 527 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0