2026-08-13T08:00:45-05:00 2025-09-30 222027092 WITHUM SMITH & BROWN PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2024-10-01 135539122 SECURED FINANCE NETWORK INC SECU 2127929390 875 6TH AVENUE 1802 NEW YORK NY 10001 GREG SLOWIK CFO 2127929391 2026-08-15 1 1 MARY MADONIA P00405803 7168472651 2026-08-12 2024 2025-03-06 01:10:19Z X RICHARD GUMBRECHT 875 6TH AVENUE 1802 NEW YORK NY 10001 10245733 0 X WWW.SFNET.COM X 1944 NY THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSON. 19 19 12 22 492413 0 0 0 5564385 5940494 204254 174574 533424 492413 6302063 6607481 0 0 0 0 2350224 2440824 0 0 0 4354048 4480829 6704272 6921653 -402209 -314172 7202880 7211082 5871529 5898559 1331351 1312523 X THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSON. 0 0 245320 EDUCATION PROGRAMS - HELD TO TEACH NEW TOPICS IN OUR FIELD AND TO UPDATE THE PUBLIC ON MATTERS OF CONCERN. 5695174 CONVENTIONS/MEETINGS - HELD IN ORDER TO ALLOW MEMBERS TO GATHER AND DISCUSS NEW DEVELOPMENTS, SHARE EXPERIENCES, AND LEND ASSISTANCE TO OTHERS SO AS TO BETTER OUR INDUSTRY. PUBLICATIONS - CONDUCTED IN ORDER TO BETTER OUR WORK ENVIRONMENT AND STRENGTHEN OUR INDUSTRY. CONDUCTED VARIOUS MARKETING, CHAPTER, MEMBER, AND PUBLIC RELATIONS ACTIVITIES FOR THE BETTERMENT OF OUR MEMBERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30 0 12 1 1 1 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2127929390 370 7TH AVENUE SUITE 1801 NEW YORK NY 10001 BARRY BOBROW BOARD MEMBER 0.60 0.20 X 0 0 0 ROBERT MEYERS BOARD MEMBER/PRESIDENT 0.20 X X 0 0 0 BETTY HERNANDEZ BOARD MEMBER/1ST VICE PRESIDENT 0.20 X X 0 0 0 IAN FREDERICKS BOARD MEMBER 0.20 X 0 0 0 KATHLEEN PARKER BOARD MEMBER 0.20 X 0 0 0 LAWRENCE FLICK BOARD MEMBER 0.20 X 0 0 0 TINA CAPOBIANCO BOARD MEMBER 0.20 X 0 0 0 WILLIAM BENCE BOARD MEMBER 0.20 X 0 0 0 HENRY SOSA BOARD MEMBER 0.20 X 0 0 0 LAUREN NADEAU BOARD MEMBER 0.20 X 0 0 0 JASON HOEFLER BOARD MEMBER 0.20 X 0 0 0 ALISTER BAZAZ BOARD MEMBER 0.20 X 0 0 0 EDWARD CHANG BOARD MEMBER 0.20 X 0 0 0 LAURA JAKUBOWSKI BOARD MEMBER 0.20 X 0 0 0 PAUL SCHULDINER BOARD MEMBER 0.20 X 0 0 0 KURT MARSDEN BOARD MEMBER 0.20 X 0 0 0 GUELAY MESE BOARD MEMBER 0.20 X 0 0 0 TIM STUTE BOARD MEMBER 0.20 X 0 0 0 STEWART HAYES BOARD MEMBER/VICE PRESIDENT 0.20 X X 0 0 0 RICHARD GUMBRECHT CEO 30.00 10.00 X 675465 0 18650 GREGORY SLOWIK CFO 30.00 10.00 X 170693 69996 7173 JONATHAN N HELFAT CO-GENERAL COUNSEL 0.60 0.20 X 0 0 0 BOBBI ACORD NOLAND CO-GENERAL COUNSEL 0.60 0.20 X 0 0 0 AYDAN SAVASER OPERATIONS DIRECTOR 40.00 X 147065 0 4893 MICHELE A OCEJO DIRECTOR OF COMMUNICATIONS 40.00 X 118955 0 19752 JAMES KRAVITZ BUSINESS DEVELOPMENT DIRECTOR 40.00 X 321937 0 19671 HILARY SCHERER DIRECTOR OF EVENTS 40.00 X 121998 0 14138 DENISE CATAGNA PROGRAM MANAGER 40.00 X 106767 0 10641 1662880 69996 94918 6 0 1 0 RSM US LLP 331 W 3RD ST STE 200 DAVENPORT IA 52801 ACCOUNTING 327989 GRIT EXPOSITIONS LLC 1100 EAST DALLAS ROAD GRAPEVINE TX 76051 EVENT PRODUCTION 287777 NATIONAL STRATEGIES LLC 2020 K STREET NW SUITE 505 WASHINGTON DC 20006 ADVOCACY 254493 3 CONFERENCES & CONVENTION 900099 3697452 3697452 MEMBERSHIP DUES 900099 1988722 1988722 EDUCATIONAL PROGRAMS 900099 245320 245320 CHAPTER DUES 900099 9000 9000 5940494 99715 99715 3713111 3638252 74859 74859 74859 SALES OF PUBLICATIONS 900099 492413 492413 492413 6607481 5940494 492413 174574 776162 937167 55055 544188 128252 97749 382641 321593 13431 231327 335284 48507 226746 247382 69695 1640508 53115 12639 70652 CONTRIBUTED SERVICES 237212 COMMISSIONS 136712 BANK CHARGES 121221 PRINTING & COPYING 92911 141504 6921653 1440952 1846471 254901 246389 3318 3318 780416 894102 1358099 1297465 73273 60634 4168489 3911743 481531 248425 7202880 7211082 460189 612444 2884397 2865551 1955628 1901023 571315 519541 5871529 5898559 X 1331351 1312523 1331351 1312523 7202880 7211082 X -314172 19138 319950 -43744 X X 0 1 X 1 0 0 0 0 1988722 321593 321593 321593 123759 117424 6335 1153343 1099044 54299 80997 80997 0 60634 ACCRUED PENSION AND OTHER POST-EMPLOYMENT BENEFITS 66057 LEASE LIABILITIES 193872 DUE TO RELATED PARTIES 259612 519541 X PART X, LINE 2: THE ORGANIZATION IS A NOT FOR PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. SFN IS EXEMPT FROM FEDERAL INCOME TAX AND STATE INCOME TAXES UNDER STATE LAW, AND NO PROVISION FOR SUCH INCOME TAX HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS EVALUATED UNCERTAIN INCOME TAX POSITIONS WITH RESPECT TO ITS OPERATIONS AND CONCLUDED THERE ARE NO SUCH POSITIONS AT SEPTEMBER 30, 2025 AND 2024. THE ORGANIZATION DID NOT RECOGNIZE ANY TAX-RELATED INTEREST OR PENALTIES DURING THE PERIOD PRESENTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. X X X 0 0 0 RICHARD GUMBRECHT CEO 473201 0 200000 0 2264 0 10350 0 8300 0 694115 0 0 0 JAMES KRAVITZ BUSINESS DEVELOPMENT DIRECTOR 155670 0 165000 0 1267 0 9840 0 9831 0 341608 0 0 0 GREGORY SLOWIK CFO 144124 69996 25000 0 1569 0 7173 0 0 0 177866 69996 0 0 AYDAN SAVASER OPERATIONS DIRECTOR 131131 0 15000 0 934 0 4399 0 494 0 151958 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A 501(C)(6) BUSINESS LEAGUE SUPPORTED BY MEMBER COMPANIES WHO PAY DUES ANNUALLY. EACH MEMBER COMPANY VOTES TO ELECT THE INCOMING BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE COMMITTEE MEMBERS ARE ELECTED ANNUALLY BY THE GENERAL MEMBERSHIP GROUP. THEY MEET SEVERAL TIMES ANNUALLY TO DISCUSS THE ORGANIZATION'S ACTIVITIES AND VOTE ON ANY NECESSARY ISSUES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. A DRAFT COPY OF THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND MEMBER OF THE EXECUTIVE COMMITTEE IS REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY AND AGREES TO COMPLY WITH IT. IN ADDITION, ANY MATERIAL CHANGES IN THEIR ANNUAL STATEMENT MUST BE IMMEDIATELY REPORTED. THE EXECUTIVE COMMITTEE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING ACTION AS NECESSARY. IN ADDITION, PERIODIC REVIEWS OF COMPENSATION ARRANGEMENTS AND CONTRACTS AS WELL AS PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS ARE PERFORMED. OUTSIDE ADVISORS MAY BE USED IN THIS PROCESS IF IT IS DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS AN EXECUTIVE COMPENSATION COMMITTEE WHICH REVIEWS ALL EXECUTIVE COMPENSATION. THEIR DETERMINATION OF SALARIES IS BASED ON REVIEW OF THE EMPLOYEE'S JOB PERFORMANCE AND COMPARISON TO THE SALARY LEVELS OF OTHER TAX-EXEMPT ORGANIZATIONS. THEIR DECISIONS ARE FULLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION FUNDED STATUS -43,744. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SECURED FINANCE FOUNDATION 370 7TH AVENUE SUITE 1801 NEW YORK NY 10001 133577148 SUPPORT STUDENTS EDUCATION IN THE ASSET BASED LENDING AREA NY 501(C)(3) LINE 7 SECURED FINANCE NETWORK INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SECURED FINANCE FOUNDATION E 259612 END OF YEAR F/S BALANCE SECURED FINANCE FOUNDATION Q 100008 ACCOUNTING RECORDS SECURED FINANCE FOUNDATION N 30000 ACCOUNTING RECORDS SECURED FINANCE FOUNDATION O 69996 ACCOUNTING RECORDS