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Nonprofit · EIN 20-1500060

SECURED FINANCE NETWORK MIDWEST

Tax-exempt · MOKENA, IL 60448

Financials

$148K$55K2023$174K$60K2024$173K$66K2025
Revenue Expenses · by fiscal year end
Financials of SECURED FINANCE NETWORK MIDWEST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$173,201$66,190$107,011$760,738$193,134$567,604
December 31, 2024990$173,901$60,343$113,558$641,392$180,799$460,593
December 31, 2023990$148,366$54,681$93,685$506,204$159,169$347,035
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$205,730
Membership dues
$50,230
Program service revenue
$0
Investment income
$9,952
Net income from fundraising events
-$42,481
Other revenue
-$42,481

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$17,381
Salaries, compensation and benefits (total)
$17,381
Professional fundraising fees
$0
Legal fees
$440
Program services (functional)
$35,496
Management and general (functional)
$30,694

Balance sheet and other

Total assets, start of year
$641,392
Total assets, end of year
$760,738
Total liabilities, end of year
$193,134
Net assets, end of year
$567,604
Gross receipts
$328,042
Employees
0
Volunteers
50
Year formed
1988
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SABRINA SINGHPRESIDENT
Trustee or director, Officer
3$0
SAMANTHA LUCKMANFIRST VICE PRESIDENT
Trustee or director, Officer
3$0
JIM VESECKYVICE PRESIDENT
Trustee or director, Officer
1$0
BRIDGET ANDERSONSECRETARY & VICE PRESIDENT
Trustee or director, Officer
1$0
ANDREW BENNETTTREASURER
Trustee or director, Officer
2$0
SANDEEP GUPTADIRECTOR
Trustee or director
0.5$0
ERIC DORNERDIRECTOR
Trustee or director
0.5$0
JASON RILEYDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
JASON HOEFLERPRESIDENT
Trustee or director, Officer
3$0
SABRINA SINGHFIRST VICE PRESIDENT
Trustee or director, Officer
3$0
ANDREW BENNETTVICE PRESIDENT
Trustee or director, Officer
1$0
BRIDGET ANDERSONSECRETARY
Trustee or director, Officer
1$0
SAMANTHA LUCKMANTREASURER
Trustee or director, Officer
2$0
SANDEEP GUPTADIRECTOR
Trustee or director
0.5$0
JACQUELINE HELMRICK CARLSONDIRECTOR
Trustee or director
0.5$0
JAMES LOWDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ERIC DORNERPRESIDENT
Trustee or director, Officer
3$0
JASON HOEFLERFIRST VICE PRESIDENT
Trustee or director, Officer
3$0
TOM BONIFACEVICE PRESIDENT
Trustee or director, Officer
1$0
SAMANTHA LUCKMANSECRETARY
Trustee or director, Officer
1$0
SABRINA SINGHTREASURER
Trustee or director, Officer
2$0
SANDEEP GUPTADIRECTOR
Trustee or director
5$0
JACQUELINE HELMRICK CARLSONDIRECTOR
Trustee or director
5$0
JAMES LOWDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
19250 EVERETT LN STE 103, MOKENA, IL 60448-8964
In care of
% KIM WALDACK
Principal officer (990 for 2025)
ANDREW BENNETT, 19250 EVERETT LANE STE 103, MOKENA, IL 60448
Signed the 990
ANDREW BENNETT, TREASURER
Phone
(815) 469-2935
Return prepared by
SASSETTI LLC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • ANNUAL CORPORATE SPONSORSHIPS TO THE MEMBERS OF THE ASSOCIATION AND THEIR NETWORKING MEETINGS.
    Expenses $35,496 · revenue $50,230

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-1500060
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$760,738
Income (IRS master file)
$328,042

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$173,201$66,190$760,738XML
990December 2024$173,901$60,343$641,392XML
990December 2023$148,366$54,681$506,204XML
990December 2022$93,142$51,685$463,634IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1500060).

Questions about SECURED FINANCE NETWORK MIDWEST

What is the EIN of SECURED FINANCE NETWORK MIDWEST?
The employer identification number (EIN) of SECURED FINANCE NETWORK MIDWEST is 20-1500060.
Is SECURED FINANCE NETWORK MIDWEST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
Are donations to SECURED FINANCE NETWORK MIDWEST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SECURED FINANCE NETWORK MIDWEST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SECURED FINANCE NETWORK MIDWEST due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SECURED FINANCE NETWORK MIDWEST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of SECURED FINANCE NETWORK MIDWEST?
The 990 for the year ended December 31, 2025 names ANDREW BENNETT.
Who are the officers and directors of SECURED FINANCE NETWORK MIDWEST?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does SECURED FINANCE NETWORK MIDWEST have?
On its 990 for the year ended December 31, 2025 it reported revenue of $173,201, expenses of $66,190 and total assets of $760,738 at year end.

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