2011-09-06T09:58:50-05:00 2010-12-31 JOHNSON LAMBERT & CO LLP 700 SPRING FOREST ROAD STE 115 RALEIGH NC 27609 990 2010-01-01 526054211 EQUIPMENT LEASING AND FINANCE ASSOCIATION INC EQUI 2022383400 1825 K STREET NW NO 900 WASHINGTON DC 20006 WILLIAM G SUTTON 2022383400 2011-09-06 1 9197196400 2010 2016-02-24 21:20:13Z WILLIAM G SUTTON 1825 K STREET NW NO 900 WASHINGTON DC 20006 8628858 0 X WWW.ELFAONLINE.ORG X 1961 MD PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. 21 21 25 700 206025 0 246175 153310 6220797 6397458 229028 251393 269306 149424 6965306 6951585 0 0 0 0 3090088 2457883 0 0 0 4378980 4270582 7469068 6728465 -503762 223120 7566792 8041085 3178329 3105662 4388463 4935423 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 BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. 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. 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 19 0 1 25 1 1 1 0 0 0 1 1 0 X 21 21 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 ANTHONY CRACCHIOLO 2.00 X 0 0 0 ANTHONY PACCHIANO 2.00 X 0 0 0 DAVID SCHAEFER 2.00 X 0 0 0 DEREK C WILKINS 2.00 X 0 0 0 FRED SASSER 2.00 X 0 0 0 HARRY KAPLUN 2.00 X 0 0 0 JOHN HEIST 2.00 X 0 0 0 JUD SNYDER 2.00 X 0 0 0 JUSTIN COOPER 2.00 X 0 0 0 KRIS SNOW 2.00 X 0 0 0 LARRY SMILIE 2.00 X 0 0 0 LAUREN HILL 2.00 X 0 0 0 LOUIS J VIGLIOTTI 2.00 X 0 0 0 RICHARD L ROSS 2.00 X 0 0 0 STANLEY HERKELMAN 2.00 X 0 0 0 STEVE A GROSSO 2.00 X 0 0 0 THOMAS ASKOUNIS 2.00 X 0 0 0 WILLIAM STEPHENSON 2.00 X 0 0 0 FREDERICK SUMMERS 2.00 X 0 0 0 JAMES MCGRANE 2.00 X 0 0 0 PHILLIP ROSENBLATT 2.00 X 0 0 0 KENT M ADAMS 4.00 X X 0 0 0 DAVID A MERRILL 8.00 X X 0 0 0 KENNETH R COLLINS JR 8.00 X X 0 0 0 CRIT DEMENT 6.00 X X 0 0 0 ADAM WARNER 2.00 X X 0 0 0 ROBERT RINALDI 2.00 X X 0 0 0 RICK REMIKER 4.00 X 0 0 0 WILLIAM G SUTTON 36.00 X 212119 0 8040 RALPH PETTA 40.00 X 184254 0 20789 EDWARD GROOBERT 6.00 X 0 0 0 THOMAS JASCHIK 6.00 X 0 0 0 JAMES AMBROSE 4.00 X 0 0 0 DENNIS BROWN 40.00 X 153654 0 22012 DAVID FENIG 40.00 X 199927 0 18721 LISA LEVINE 2.00 X 119150 0 20879 LESLEY STERLING 40.00 X 111332 0 22150 980436 0 112591 6 0 1 0 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 10 153310 153310 MEMBER DUES 900099 3353961 3353961 CONVENTION/SEMINARS 900099 2672264 1985494 686770 ADVERTISING 541800 300075 94050 206025 PUBLICATIONS 900099 63435 63435 OTHER PROGRAMS 900099 7723 7723 6397458 150947 150947 130238 130238 1777719 1677273 100446 100446 100446 REIMBURSEMENTS 900099 11348 11348 SUBLEASE INCOME 900099 7838 7838 19186 6951585 5504663 206025 1087587 825856 1167051 148107 191408 125461 232973 109117 180122 39904 695027 195621 412006 163348 525 546906 126317 1232453 21512 1000 129305 32391 DUES & SUBSCRIPTIONS 54914 BAD DEBT EXPENSE 32379 ASSOCIATION RELATIONS 24219 TRAINING & STAFF DEVELO 14401 AWARDS & GIFTS 13530 12612 6728465 1455036 1446592 112836 109016 280637 333241 1131910 361234 827044 770676 4891239 5322497 0 59063 7566792 8041085 183938 263946 2343437 2382596 650954 459120 3178329 3105662 X 4388463 4935423 4388463 4935423 7566792 8041085 X 223120 323840 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19758 0 0 0 0 0 1 3353961 676078 -1234019 -557941 1341584 -1899525 0 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: ADMINISTRATIVE EXPENSES PAID ON BEHALF OF RELATED POLITICAL ACTION COMMITTEE. 183627 58427 125200 948283 302807 645476 770676 DEFERRED RENT 195379 CAPITAL LEASE OBLIGATION 263741 459120 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, 2010. X 1 1 X X X X X 0 0 0 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 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 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. 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 MAY 2010. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. 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: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS 323,840. TOTAL TO FORM 990, PART XI, LINE 5: 323,840. 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