Nonprofit · EIN 58-1919154
AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC
Tax-exempt · LOUISVILLE, KY 40206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $694,449 | $656,715 | $37,734 | $1,683,303 | $250,077 | $1,433,226 |
| December 31, 2023 | 990 | $816,114 | $597,293 | $218,821 | $1,608,063 | $257,698 | $1,350,365 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $223,350
- Membership dues
- $220,260
- Program service revenue
- $434,953
- Investment income
- $28,345
- Other revenue
- $7,801
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $31,234
- Accounting fees
- $1,150
- Travel
- $5,385
Balance sheet and other
- Total assets, start of year
- $1,608,063
- Total assets, end of year
- $1,683,303
- Total liabilities, end of year
- $250,077
- Net assets, end of year
- $1,433,226
- Publicly traded securities
- $635,098
- Net assets without donor restrictions
- $1,433,226
- Gross receipts
- $694,449
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- GA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA CRANNEY | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| RODERICK KNOLL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KALAH SPRABEARY | PRESIDENT-ELECT Trustee or director, Officer | 2 | $0 |
| KORTNEY MURRAY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL BOSLEY | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
| LAURA ESTRADA | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| KATIE BAKER | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| LIZ POVENTUD | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| MONICA HARPER | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA ESTRADA | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| TERESA CRANNEY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RODERICK KNOLL | PRESIDENT-ELECT Trustee or director, Officer | 2 | $0 |
| KALAH SPRABEARY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LESLIE BROWN | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL HONG | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| KATIE BAKER | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| KORTNEY MURRAY | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| MONICA HARPER | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2301 RIVER RD STE 102, LOUISVILLE, KY 40206-3003
- In care of
- % FERNLEY & FERNLEY
- Principal officer (990 for 2024)
- MONICA HARPER, 2301 RIVER ROAD SUITE 102, LOUISVILLE, KY 40206
- Signed the 990
- PAUL BOSLEY, TREASURER/SECRETARY
- Phone
- (502) 574-9030
- Website
- WWW.AACFB.ORG
- Return prepared by
- HICKS & ASSOCIATES CPAS PLLC
Mission
AACFB IS AN ORGANIZATION FORMED TO PROMOTE THE INTERESTS OF INDEPENDENT COMMERICAL FINANCE PROFESSIONALS THROUGH EDUCATION, ADVOCACY, IMPROVED COMMUNICATION WITH FUNDERS AND PROGRAMS DESIGNED TO UPGRADE THE PROFESSIONALISM AND PROFITABILITY OF BROKERS, FUNDERS AND OTHERS.
Program accomplishments
- THE ASSOCIATION PROVIDES OPPORTUNITIES FOR THE EXCHANGE OF IDEAS AND INFORMATION CONCERNING THE LEASING INDUSTRY FOR STUDY, DISCUSSION AND PUBLICATION; DEVELOPS EFFICIENT METHODS, PROCEDURES AND TECHNIQUES FOR MANAGING THE COMMON INTERESTS OF LEASE BROKERS; DEVELOPS AND ENCOURAGES HIGH STANDARDS OF PERSONAL AND PROFESSIONAL CONDUCT AMONG BROKERS IN THE LEASING FIELD; AND HOLDS MEETINGS AND CONFERENCES FOR THE IMPROVEMENT, EDUCATION AND NETWORKING OF ASSOCIATION MEMBERS.THE ASSOCIATION ALSO EXCHANGES AND COMPILES INFORMATION RELATING TO LEGAL AND LEGISLATIVE DEVELOPMENTS IN THE LEASING INDUSTRY. COLLECTS AND DISSEMINATES STATISTICS AND OTHER RELATED INFORMATION HELPFUL TO MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1919154
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,683,303
- Income (IRS master file)
- $694,449
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $694,449 | $656,715 | $1,683,303 | XML |
| 990 | December 2023 | $816,114 | $597,293 | $1,608,063 | XML |
| 990 | December 2022 | $707,229 | $552,934 | $1,403,449 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 58-1919154).
Questions about AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC
- What is the EIN of AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC?
- The employer identification number (EIN) of AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC is 58-1919154.
- Is AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC 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 AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC?
- The 990 for the year ended December 31, 2024 names MONICA HARPER.
- Who are the officers and directors of AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AMERICAN ASSOCIATION OF COMMERCIAL FINANCE BROKERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $694,449, expenses of $656,715 and total assets of $1,683,303 at year end.
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