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Employer Identification Number 20-1500060

COMMERCIAL FINANCE ASSOCIATION MIDWEST is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:COMMERCIAL FINANCE ASSOCIATION MIDWEST
Employer identification number (EIN):20-1500060
EIN Issuing AuthorityInternet
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE 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.
Number of Employees0
Number of Volunteers50
Year Formed1988

Organization Governance

Legal DomicileIL
Voting Members - Governing Body8
Voting Members - Independent8

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 535
Other Revenue from prior yearUSD $ -59,428
Other Revenue from current yearUSD $ -50,974
Gross receipts from all sourcesUSD $ 295,370
Net assets / fund balances at end of fiscal yearUSD $ 347,035
Net assets / fund balances at beginning of fiscal yearUSD $ 253,350
Total liabilities at end of fiscal yearUSD $ 159,169
Total liabilities at beginning of fiscal yearUSD $ 210,284
Total assets at end of fiscal yearUSD $ 506,204
Total assets at beginning of fiscal yearUSD $ 463,634
Revenues less expenses for current yearUSD $ 93,685
Revenues less expenses for previous yearUSD $ 41,457
Total expenses for current yearUSD $ 54,681
Total expenses for previous yearUSD $ 51,685
Other expenses in current yearUSD $ 39,437
Other expenses in previous yearUSD $ 33,076
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 15,244
Employee salary and benefits paid in previous yearUSD $ 18,609
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 148,366
Total revenue in previous fiscal yearUSD $ 93,142
Contributions and grants from current yearUSD $ 198,805
Contributions and grants from previous yearUSD $ 152,570
Gross income from fundraising eventsUSD $ 96,030
Revenue from membership duesUSD $ 20,605
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 11,463
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ -2,967
Other Revenue from current yearUSD $ -59,428
Gross receipts from all sourcesUSD $ 242,492
Net assets / fund balances at end of fiscal yearUSD $ 253,350
Net assets / fund balances at beginning of fiscal yearUSD $ 211,893
Total liabilities at end of fiscal yearUSD $ 210,284
Total liabilities at beginning of fiscal yearUSD $ 123,469
Total assets at end of fiscal yearUSD $ 463,634
Total assets at beginning of fiscal yearUSD $ 335,362
Revenues less expenses for current yearUSD $ 41,457
Revenues less expenses for previous yearUSD $ -31,743
Total expenses for current yearUSD $ 51,685
Total expenses for previous yearUSD $ 40,239
Other expenses in current yearUSD $ 33,076
Other expenses in previous yearUSD $ 28,063
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 4,320
Employee salary and benefits paid in current yearUSD $ 18,609
Employee salary and benefits paid in previous yearUSD $ 7,856
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 93,142
Total revenue in previous fiscal yearUSD $ 8,496
Contributions and grants from current yearUSD $ 152,570
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 87,422
Revenue from membership duesUSD $ 21,670
Total of other revenueUSD $ 2,500
2021-12-31
Gross receipts from all sourcesUSD $ 87,768
Net assets / fund balances at end of fiscal yearUSD $ 211,893
Net assets / fund balances at beginning of fiscal yearUSD $ 243,636
Gross income from fundraising eventsUSD $ 74,414
Direct expenses fromspecial eventsUSD $ 79,272
Total revenueUSD $ 8,496
Employees salaries and other compensation and benefitsUSD $ 7,856
Fees and other payments to independent contractorsUSD $ 4,320
Total of all other expensesUSD $ 27,928
Total of all expensesUSD $ 40,239
Net assets or fund balances at end of yearUSD $ -31,743
Revenue from membership duesUSD $ 1,891
Net difference of special event income minus expensesUSD $ -4,858
2020-12-31
Gross receipts from all sourcesUSD $ 100,431
Net assets / fund balances at end of fiscal yearUSD $ 243,636
Net assets / fund balances at beginning of fiscal yearUSD $ 220,066
Contributions, Grants, Gifts etc from current yearUSD $ 73,566
Gross income from fundraising eventsUSD $ 15,800
Direct expenses fromspecial eventsUSD $ 15,069
Total revenueUSD $ 85,362
Fees and other payments to independent contractorsUSD $ 3,513
Total of all other expensesUSD $ 75,442
Total of all expensesUSD $ 78,955
Net assets or fund balances at end of yearUSD $ 6,407
Revenue from membership duesUSD $ 11,065
Net difference of special event income minus expensesUSD $ 731

Other Company Names associated with EIN

SECURED FINANCE NETWORK MIDWEST

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 201500060

USA Mailing Address
232 S HAMPTON COURT
PALATINE
IL
60067
Date first seen: 2007-01-01
Date last seen: 2024-09-30
USA Mailing Address
20960 S FRANKFORT SQUARE ROAD
FRANKFORT
IL
60423
Date first seen: 2008-01-01
Date last seen: 2024-08-31
USA Mailing Address
4210 WEST IRVING PARK ROAD
CHICAGO
IL
60641
Date first seen: 2007-01-01
Date last seen: 2024-07-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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