EQUIPMENT LEASING AND FINANCE ASSOCIATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- EQUIPMENT LEASING AND FINANCE ASSOCIATION INC (EIN 52-6054211)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-09-06
- IRS object ID
- 201142499349300014
- Schema version
- 2010v3.4
- 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) |
|---|---|---|
| Timestamp | 2011-09-06T09:58:50-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON LAMBERT & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 SPRING FOREST ROAD STE 115 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27609 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526054211 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUIPMENT LEASING AND FINANCE ASSOCIATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EQUI | NameControl |
| Phone | 2022383400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1825 K STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM G SUTTON | Name |
| Title | PRESIDENT | Title |
| Phone | 2022383400 | Phone |
| Date Signed | 2011-09-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9197196400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WILLIAM G SUTTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1825 K STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8628858 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.ELFAONLINE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1961 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 25 | TotalNbrEmployees |
| Total Nbr Volunteers | 700 | TotalNbrVolunteers |
| Total Gross UBI | 206025 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 246175 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 153310 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 6220797 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 6397458 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 229028 | InvestmentIncomePriorYear |
| Investment Income Current Year | 251393 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 269306 | OtherRevenuePriorYear |
| Other Revenue Current Year | 149424 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6965306 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6951585 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3090088 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2457883 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4378980 | OtherExpensePriorYear |
| Other Expenses Current Year | 4270582 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7469068 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6728465 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -503762 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 223120 | RevenuesLessExpensesCY |
| Total Assets BOY | 7566792 | TotalAssetsBOY |
| Total Assets EOY | 8041085 | TotalAssetsEOY |
| Total Liabilities BOY | 3178329 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3105662 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4388463 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4935423 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INDUSTRY ADVOCACY - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS AND STANDARD SETTERS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 1 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 19 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 25 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL STILP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2022383400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1825 K STREET NW SUITE 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ANTHONY CRACCHIOLO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ANTHONY PACCHIANO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAVID SCHAEFER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DEREK C WILKINS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| FRED SASSER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| HARRY KAPLUN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOHN HEIST | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JUD SNYDER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JUSTIN COOPER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KRIS SNOW | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LARRY SMILIE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LAUREN HILL | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LOUIS J VIGLIOTTI | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| RICHARD L ROSS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STANLEY HERKELMAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STEVE A GROSSO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| THOMAS ASKOUNIS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM STEPHENSON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| FREDERICK SUMMERS | ||||||||
| DIRECTOR THRU 10/10 | 2.00 | X | 0 | 0 | 0 | |||
| JAMES MCGRANE | ||||||||
| DIRECTOR THRU 10/10 | 2.00 | X | 0 | 0 | 0 | |||
| PHILLIP ROSENBLATT | ||||||||
| DIRECTOR THRU 10/10 | 2.00 | X | 0 | 0 | 0 | |||
| KENT M ADAMS | ||||||||
| DIRECTOR, VICE CHAIRMAN THRU 10/10 | 4.00 | X | 0 | 0 | 0 | X | ||
| DAVID A MERRILL | ||||||||
| CHAIRMAN/CHAIRMAN ELECT THRU 10/10 | 8.00 | X | 0 | 0 | 0 | X | ||
| KENNETH R COLLINS JR | ||||||||
| IMM PAST CHAIR/CHAIR THRU 10/10 | 8.00 | X | 0 | 0 | 0 | X | ||
| CRIT DEMENT | ||||||||
| CHAIRMAN ELECT/VICE CHAIR THRU 10/10 | 6.00 | X | 0 | 0 | 0 | X | ||
| ADAM WARNER | ||||||||
| VICE CHAIR/DIRECTOR THRU 10/10 | 2.00 | X | 0 | 0 | 0 | X | ||
| ROBERT RINALDI | ||||||||
| VICE CHAIR/DIRECTOR THRU 10/10 | 2.00 | X | 0 | 0 | 0 | X | ||
| RICK REMIKER | ||||||||
| VICE CHAIR | 4.00 | 0 | 0 | 0 | X | |||
| WILLIAM G SUTTON | ||||||||
| PRESIDENT & CEO | 36.00 | 212119 | 0 | 8040 | X | |||
| RALPH PETTA | ||||||||
| COO/INTERIM PRESIDENT THRU 5/10 | 40.00 | 184254 | 0 | 20789 | X | |||
| EDWARD GROOBERT | ||||||||
| SECRETARY | 6.00 | 0 | 0 | 0 | X | |||
| THOMAS JASCHIK | ||||||||
| TREASURER | 6.00 | 0 | 0 | 0 | X | |||
| JAMES AMBROSE | ||||||||
| IMMEDIATE PAST CHAIR THRU 10/10 | 4.00 | 0 | 0 | 0 | X | |||
| DENNIS BROWN | ||||||||
| VICE PRESIDENT | 40.00 | 153654 | 0 | 22012 | X | |||
| DAVID FENIG | ||||||||
| VICE PRESIDENT | 40.00 | 199927 | 0 | 18721 | X | |||
| LISA LEVINE | ||||||||
| EXECUTIVE DIRECTOR THRU 11/10 | 2.00 | 119150 | 0 | 20879 | X | |||
| LESLEY STERLING | ||||||||
| VICE PRESIDENT | 40.00 | 111332 | 0 | 22150 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 980436 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 112591 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BOCA RATON RESORT & CLUB | |||||
| 501 EAST CAMINO REAL PO BOX 5025 | BOCA RATON | FL | 33431 | CONVENTION AND MEETING SERVICES | 538340 |
| DYKEMA GOSSETT PLLC | |||||
| 1300 I STREET NW | WASHINGTON | DC | 20005 | LEGAL SERVICES | 317890 |
| DEL COR TECHNOLOGY SOLUTIONS | |||||
| 8380 COLESVILLE ROAD 550 | SILVER SPRING | MD | 20910 | IT SUPPORT | 183474 |
| WASHINGTON COUNCIL ERNST & YOUNG LLP | |||||
| 1001 PENNSYLVANIA AVENUE NW | WASHINGTON | DC | 20004 | STRATEGIC ADVOCACY CONSULTING | 180000 |
| PRICEWATERHOUSE COOPERS | |||||
| PO BOX 7247-8001 | PHILADELPHIA | PA | 19170 | BENCHMARKING SURVEYS | 147022 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| All Other Contributions | 153310 | AllOtherContributions |
| Total Contributions | 153310 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| MEMBER DUES | 900099 | 3353961 | 3353961 | ||
| CONVENTION/SEMINARS | 900099 | 2672264 | 1985494 | $686,770 | |
| ADVERTISING | 541800 | 300075 | 94050 | 206025 | |
| PUBLICATIONS | 900099 | 63435 | 63435 | ||
| OTHER PROGRAMS | 900099 | 7723 | 7723 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 6397458 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 150947 | TotalRevenueColumn |
| Exclusion | $150,947 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130238 | TotalRevenueColumn |
| Exclusion | $130,238 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1777719 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1677273 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 100446 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 100446 | TotalRevenueColumn |
| Exclusion | $100,446 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| REIMBURSEMENTS | 900099 | 11348 | $11,348 |
| SUBLEASE INCOME | 900099 | 7838 | $7,838 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 19186 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6951585 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5504663 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 206025 | UnrelatedBusinessRevenue |
| Exclusion | $1,087,587 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 825856 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1167051 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148107 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191408 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125461 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232973 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109117 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180122 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39904 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 695027 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195621 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 412006 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163348 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 525 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 546906 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126317 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1232453 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21512 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1000 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129305 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32391 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| DUES & SUBSCRIPTIONS | 54914 |
| BAD DEBT EXPENSE | 32379 |
| ASSOCIATION RELATIONS | 24219 |
| TRAINING & STAFF DEVELO | 14401 |
| AWARDS & GIFTS | 13530 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12612 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6728465 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1455036 | BOY |
| EOY | 1446592 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112836 | BOY |
| EOY | 109016 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280637 | BOY |
| EOY | 333241 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1131910 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 361234 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 827044 | BOY |
| EOY | 770676 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4891239 | BOY |
| EOY | 5322497 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 59063 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7566792 | BOY |
| EOY | 8041085 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183938 | BOY |
| EOY | 263946 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2343437 | BOY |
| EOY | 2382596 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 650954 | BOY |
| EOY | 459120 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3178329 | BOY |
| EOY | 3105662 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4388463 | BOY |
| EOY | 4935423 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4388463 | BOY |
| EOY | 4935423 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7566792 | BOY |
| EOY | 8041085 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 223120 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 323840 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 19758 | PoliticalExpenditures |
| Amt Expended For527 Activities | 0 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 0 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 0 | TotalExmptFunctionExpenditures |
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 1 | AgreeToCarryoverPriorYear |
| Dues Assessments | 3353961 | DuesAssessments |
| Non Ded Lobby Political Current | 676078 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Carryover | -1234019 | NonDedLobbyPoliticalCarryover |
| Non Ded Lobby Political Total | -557941 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 1341584 | AggrAmtReportedInDuesNotices |
| Amount To Be Carried Over | -1899525 | AmountToBeCarriedOver |
| Taxable | $0 | TaxableAmount |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | ADMINISTRATIVE EXPENSES PAID ON BEHALF OF RELATED POLITICAL ACTION COMMITTEE. | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 183627 | OtherCostOrOtherBasis |
| Depreciation | 58427 | Depreciation |
| Book Value | 125200 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 948283 | OtherCostOrOtherBasis |
| Depreciation | 302807 | Depreciation |
| Book Value | 645476 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 770676 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED RENT | $195,379 |
| CAPITAL LEASE OBLIGATION | $263,741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 459120 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | IN ACCORDANCE WITH GAAP, THE ASSOCIATION AND FOUNDATION HAVE CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2010. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM G SUTTON | |||||||||||||
| 212119 | 0 | 0 | 0 | 0 | 0 | 1375 | 0 | 6665 | 0 | 220159 | 0 | 0 | 0 |
| RALPH PETTA | |||||||||||||
| 184254 | 0 | 0 | 0 | 0 | 0 | 9136 | 0 | 11653 | 0 | 205043 | 0 | 0 | 0 |
| DENNIS BROWN | |||||||||||||
| 153654 | 0 | 0 | 0 | 0 | 0 | 7541 | 0 | 14471 | 0 | 175666 | 0 | 0 | 0 |
| DAVID FENIG | |||||||||||||
| 199927 | 0 | 0 | 0 | 0 | 0 | 9850 | 0 | 8871 | 0 | 218648 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | IN 2010, THE ASSOCIATION AMENDED THEIR BYLAWS TO CHANGE THE TITLE OF 'PRESIDENT' TO 'PRESIDENT AND CHIEF EXECUTIVE OFFICER' AND TO CLARIFY THE DUTIES OF THE POSITION. | |
| 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. | |
| 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 12C | |
| 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 MAY 2010. | FORM 990, PART VI, SECTION B, LINE 15 | |
| BYLAWS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| PART VII, COLUMN D: AVERAGE HOURS PER WEEK FOR RELATED ORGANIZATIONS LISA LEVINE - 40 AVERAGE HRS/WEEK WITH EQUIPMENT LEASING AND FINANCE FOUNDATION, INC. WILLIAM G. SUTTON - 4 AVERAGE HRS/WEEK WITH EQUIPMENT LEASING AND FINANCE FOUNDATION, INC. | ||
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS 323,840. TOTAL TO FORM 990, PART XI, LINE 5: 323,840. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0 | N/A | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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