CREDIT RESEARCH FOUNDATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
CREDIT RESEARCH FOUNDATION INC (EIN 13-5569334)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-04-01
IRS object ID
201110919349300006
Schema version
2010v3.2
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)
Timestamp2011-04-01T11:25:50-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1UHY ADVISORS MID-ATLANTIC MD INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line16851 OAK HALL LANE STE 300AddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code21045ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN135569334EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1CREDIT RESEARCH FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCREDNameControl
Phone4107405560Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line18840 COLUMBIA 100 PARKWAYAddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code210452158ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameTERRY CALLAHANName
TitlePRESIDENTTitle
Phone4107405560Phone
Date Signed2011-03-26DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameB JENNINE ANDERSONName
Phone4107205220Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonTERRY CALLAHANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line18840 COLUMBIA 100 PKWYAddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code21045ZIPCode
FieldValueIRS element (for citing)
Gross Receipts1270820GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.CRFONLINE.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1949YearFormation
State Legal DomicileMDStateLegalDomicile
Activity Or Mission DescriptionTO CONDUCT AND CARRY ON THE WORK OF THE FOUNDATION EXCLUSIVELY FOR EDUCATIONAL PURPOSES ESPECIALLY IN THE FIELD OF CREDIT AND CREDIT PRACTICES OF BOTH DOMESTIC AND FOREIGN NATURE.ActivityOrMissionDescription
Nbr Voting Members Governing Body20NbrVotingMembersGoverningBody
Nbr Independent Voting Members20NbrIndependentVotingMembers
Total Nbr Employees5TotalNbrEmployees
Total Nbr Volunteers20TotalNbrVolunteers
Total Gross UBI46750TotalGrossUBI
Net Unrelated Business Txbl Income3485NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year42435ContributionsGrantsPriorYear
Contributions Grants Current Year46300ContributionsGrantsCurrentYear
Program Service Revenue Prior Year868363ProgramServiceRevenuePriorYear
Program Service Revenue CY934133ProgramServiceRevenueCY
Investment Income Prior Year22564InvestmentIncomePriorYear
Investment Income Current Year25546InvestmentIncomeCurrentYear
Other Revenue Prior Year36109OtherRevenuePriorYear
Other Revenue Current Year47463OtherRevenueCurrentYear
Total Revenue Prior Year969471TotalRevenuePriorYear
Total Revenue Current Year1053442TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year520879SalariesEtcPriorYear
Salaries Etc Current Year562463SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year11249TotalFundrsngExpCurrentYear
Other Expense Prior Year460504OtherExpensePriorYear
Other Expenses Current Year486364OtherExpensesCurrentYear
Total Expenses Prior Year981383TotalExpensesPriorYear
Total Expenses Current Year1048827TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-11912RevenuesLessExpensesPriorYear
Revenues Less Expenses CY4615RevenuesLessExpensesCY
Total Assets BOY987454TotalAssetsBOY
Total Assets EOY1118338TotalAssetsEOY
Total Liabilities BOY359516TotalLiabilitiesBOY
Total Liabilities EOY428432TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY627938NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY689906NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO CONDUCT AND CARRY ON THE WORK OF THE FOUNDATION EXCLUSIVELY FOR EDUCATIONAL PURPOSES ESPECIALLY IN THE FIELD OF CREDIT AND CREDIT PRACTICES OF BOTH DOMESTIC AND FOREIGN NATURE.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense539184Expense
Revenue423230Revenue
DescriptionCONFERENCES AND MEETINGS - THE ORGANIZATION SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS FOR ITS MEMBERS AND PUBLISHES REPORTS, STUDIES AND MONTHLY NEWSLETTERS DISTRIBUTED TO ITS MEMBERS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense100177Expense
Revenue246171Revenue
DescriptionPUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense309313Expense
Revenue210424Revenue
DescriptionRESEARCH - THE FOUNDATION CONDUCTS RESEARCH IN CREDIT RELATED FIELDS AND ACCOUNTS RECEIVABLE MANAGEMENT.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
Revenue55021Revenue
DescriptionEDUCATION - THE CREDIT RESEARCH FOUNDATION CONDUCTS EDUCATIONAL ACTIVITIES TO AID BUSINESS CREDIT, ACCOUNTS RECEIVABLE AND CUSTOMER FINANCIAL MANAGERS. CRF EDUCATION CONSISTS OF IN-HOUSE WORKSHOPS, ONLINE TRAINING AND REGIONAL SEMINARS ON SPECIFIC TOPICS TO HELP CREDIT AND RECEIVABLE MANAGERS AND STAFF. PROGRAMS CURRENLY BEING OFFERED ARE IN THE FOLLOWING AREAS: COLLECTION OF AR, FINANCIAL STATEMENT ANALYSIS, RATIO ANALYSIS, CREDIT MANAGEMENT FUNDAMENTALS, COLLECTING FROM THE FEDERAL GOVERNMENT, UNCLAIMED PROPERTY LAW COMPLIANCE, MANAGING SALES TAX EXEMPTION CERTIFICATES AND PREPARING FOR CUSTOMER BANKRUPTCIES.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Rev55021TotalOfOtherProgramServiceRev
Total Program Service Expense948674TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org1TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10963NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees5NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members20NbrVotingGoverningBodyMembers
Number Independent Voting Members20NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body0Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMDStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CHERYL WEAVERLINGBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number4107405499TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18840 COLUMBIA 100 PARKWAYAddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code210452158ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (24 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
KARREN SALTER
CHAIRPERSON0.30XX000
BRAD BOE
VICE CHAIRPERSON, FINANCE0.30XX000
MICHAEL DURANT
PAST CHAIRMAN0.30XX000
MIKE SCOTT
TRUSTEE0.30X000
ART TUTTLE
TRUSTEE0.30X000
MICHAEL BEVILACQUA
TRUSTEE0.30X000
TERRY FAULKNER
VICE CHAIRPERSON, MEMBERSHIP0.30XX000
ROB OLSEN CCE
TRUSTEE0.30X000
SHARON NICKERSON
VICE CHAIRPERSON, RESEARCH0.30XX000
DOUG SWAFFORD
TRUSTEE0.30X000
KRIS SKUPAS MBA
TRUSTEE0.30X000
J WILLIAM WEILEMANN
TRUSTEE0.30X000
FRANK SEBASTIAN
TRUSTEE0.30X000
CARSTEN SCHMITZ
TRUSTEE0.30X000
RICHARD KULIK CCE
TRUSTEE0.30X000
MARTY SCAMINACI
TRUSTEE0.30X000
ROB HANUS
TRUSTEE0.30X000
VIRGINIA SODERMAN CCE
TRUSTEE0.30X000
PAUL CLAUSEN CCE CICP
TRUSTEE0.30X000
BILL BALDUINO
TRUSTEE0.30X000
W TERRENCE CALLAHAN
PRESIDENT50.00X199994020119
JAMES VANGHEL
TREASURER0.30X05678670
DALE MCCORMICK
TREASURER0.30X0897368519
LYLE P WALLIS
VICE PRESIDENT40.00106479012615X
FieldValueIRS element (for citing)
Total Reportable Comp From Org306473TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs146522TotalReportableCompFrmRltdOrgs
Total Other Compensation41323TotalOtherCompensation
Number Individuals GT100 K2NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions46300AllOtherContributions
Total Contributions46300TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MEMBERSHIP DUES900099631272631272
CONFERENCES900099212806212806
ONLINE COURSES/PRGRMS9000995430854308
PUBLICATIONS5111203574735747
FieldValueIRS element (for citing)
Total Program Service Revenue934133TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column22304TotalRevenueColumn
Exclusion$22,304ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities220620Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities217378Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities3242Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column3242TotalRevenueColumn
Exclusion$3,242ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnUnrelated Business RevenueUnrelatedBusinessRevenueRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
ADVERTISING5418004675046750
MISCELLANEOUS900099713713
FieldValueIRS element (for citing)
Total Other Revenue47463TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column1053442TotalRevenueColumn
Related Or Exempt Function Income934846RelatedOrExemptFunctionIncome
Unrelated Business Revenue46750UnrelatedBusinessRevenue
Exclusion$25,546ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total342552Total
Program Services328850ProgramServices
Management And General6851ManagementAndGeneral
Fundraising6851Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total149738Total
Program Services143748ProgramServices
Management And General2995ManagementAndGeneral
Fundraising2995Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total1918Total
Program Services1842ProgramServices
Management And General38ManagementAndGeneral
Fundraising38Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total38908Total
Program Services37352ProgramServices
Management And General778ManagementAndGeneral
Fundraising778Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total29347Total
Program Services28173ProgramServices
Management And General587ManagementAndGeneral
Fundraising587Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total52740Total
Management And General52740ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total14150Total
Management And General14150ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total7204Total
Program Services7204ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total5014Total
Program Services4513ProgramServices
Management And General501ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total28154Total
Program Services25339ProgramServices
Management And General2815ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total20581Total
Program Services20581ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total21216Total
Program Services19094ProgramServices
Management And General2122ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total10146Total
Program Services9131ProgramServices
Management And General1015ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total253554Total
Program Services253554ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total4182Total
Program Services3764ProgramServices
Management And General418ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
MISCELLANEOUS38361350373324
PUBLICATION COSTS1712417124
JOURNAL1336813368
TAXES570570

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1048827Total
Program Services948674ProgramServices
Management And General88904ManagementAndGeneral
Fundraising11249Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY48607BOY
EOY154917EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY60027BOY
EOY57777EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY28068BOY
EOY2906EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY11673BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY30000BOY
EOY15457EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis34206LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec25084LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY10554BOY
EOY9122EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY798525BOY
EOY878159EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY987454BOY
EOY1118338EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY35122BOY
EOY56837EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY324394BOY
EOY371595EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY359516BOY
EOY428432EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY573931BOY
EOY633390EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY54007BOY
EOY56516EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY627938BOY
EOY689906EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY987454BOY
EOY1118338EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses4615ReconcilationRevenueExpenses
Reconcilation Other Changes57353ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee0AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years573959CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years603351CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years636153CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year647269CurrentTaxYearMinus1Year
Current Tax Year677572CurrentTaxYear
Total3138304Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years301695CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years283964CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years357315CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year263529CurrentTaxYearMinus1Year
Current Tax Year302861CurrentTaxYear
Total1509364Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years875654CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years887315CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years993468CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year910798CurrentTaxYearMinus1Year
Current Tax Year980433CurrentTaxYear
Total4647668Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Total0Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Public Support Total5094647668PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years29772CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years42064CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years34202CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year37175CurrentTaxYearMinus1Year
Current Tax Year20232CurrentTaxYear
Total163445Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years29772CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years42064CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years34202CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year37175CurrentTaxYearMinus1Year
Current Tax Year20232CurrentTaxYear
Total163445Total

Net Income From Other UBI NetIncomeFromOtherUBI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years30750CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years34500CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years32250CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year32000CurrentTaxYearMinus1Year
Current Tax Year4750CurrentTaxYear
Total134250Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years175CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years5951CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years395CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4109CurrentTaxYearMinus1Year
Current Tax Year713CurrentTaxYear
Total11343Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years936351CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years969830CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1060315CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year984082CurrentTaxYearMinus1Year
Current Tax Year1006128CurrentTaxYear
Total4956706Total
FieldValueIRS element (for citing)
Public Support Percentage5090.93770PublicSupportPercentage509
Prior Year Support Percentage0.93210PriorYearSupportPercentage
Investment Income Percentage0.03300InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.03200PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance54007BeginningOfYearBalance
Contributions52692Contributions
Investment Earnings Or Losses12155InvestmentEarningsOrLosses
Other Expenditures4717OtherExpenditures
End Of Year Balance114137EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance39963BeginningOfYearBalance
Investment Earnings Or Losses14044InvestmentEarningsOrLosses
End Of Year Balance54007EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance60628BeginningOfYearBalance
Investment Earnings Or Losses-20665InvestmentEarningsOrLosses
End Of Year Balance39963EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.51000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.49000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis34206OtherCostOrOtherBasis
Depreciation25084Depreciation
Book Value9122BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings9122TotalOfBookValueLandBuildings
Total Revenue1053442TotalRevenue
Total Expenses1048827TotalExpenses
Excess Or Deficit For Year4615ExcessOrDeficitForYear
Net Unrealized GL On Investments57353NetUnrealizedGLOnInvestments
Total Adjustments57353TotalAdjustments
Excess Or Deficit Per FS61968ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt1110795TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments57353NetUnrealizedGainsInvestments
Revenue Not Rptd F99057353RevenueNotRptdF990
Revenue Subtotal1053442RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9901053442TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1048827TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1048827ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901048827TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation Required1SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonW TERRENCE CALLAHANNamePerson
Base Compensation Filing Org174994BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org25000BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org2617DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org17502NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org220113TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 6MEMBERS OF THE FOUNDATION ARE ELIGIBLE TO VOTE AT ALL ANNUAL AND SPECIAL MEETINGS. THE MEMBERS CAN CALL FOR A SPECIAL MEETING BY HAVING 1/3 OF THE MEMBERS MAKE THE REQUEST IN WRITING.
FORM 990, PART VI, SECTION A, LINE 7AEACH MEMBER IS ENTITLED TO CAST ONE VOTE IN THE ELECTION FOR MEMBERS OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
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 JUDGMENT. THE BOARD AS A WHOLE HAS A DUTY TO DISCLOSE SPECIFIC CONFLICTS OF INTERESTS TO ORGANIZATION MEMBERS, STAFF AND EXTERNAL STAKEHOLDERS WHERE THAT INTEREST MAY, IN THEIR JUDGEMENT, AFFECT THE REPUTATION OR CREDIBILITY OF THE ORGANIZATION, 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 MATTERS WHERE THEY HAVE, OR MAY BE PERCEIVED AS HAVING, A CONFLICT OF INTEREST. SUCH EXEMPTIONS SHOULD BE RECORDED IN 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 ORGANIZATION, OUTSIDE OF THEIR RELATIONSHIP AS A BOARD OR STAFF MEMBER MUST BE FORMALIZED IN WRITING AND APPROVED BY THE BOARD.FORM 990, PART VI, SECTION B, LINE 12C
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, PART VI, SECTION B, LINE 15A
THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE VIA EMAIL UPON REQUEST.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 57,353.FORM 990, PART XI, LINE 5:
COMMON PAYMASTERTHE NATIONAL ASSOCIATION OF CREDIT MANAGEMENT (NACM) SERVES AS THE COMMON PAYMASTER FOR CRF. NACM REPORTED 55 EMPLOYEES ON THE FEDERAL FORM W-3, 5 OF WHICH WERE EMPLOYEES OF CRF.PART V, LINE 2A

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1NATIONAL ASSOCATION OF CREDIT MANAGAMEMENTBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18840 COLUMBIA 100 PARKWAYAddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code21405ZIPCode
FieldValueIRS element (for citing)
EIN521972771EIN
Primary ActivitiesEDUCATION IN THE FIELD OF CREDIT MANAGEMENTPrimaryActivities
Legal Domicile StateMDLegalDomicileState
Exempt Code Section501(C)(6)ExemptCodeSection
Controlled Org0ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs1PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
L52740
NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
J2700
NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
N155111
NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
M21216

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