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Nonprofit · EIN 81-3600428

INNOVATIVE LENDING PLATFORM ASSOCIATION

Tax-exempt · WASHINGTON, DC 20001

Financials

$632K$563K2023$544K$608K2024
Revenue Expenses · by fiscal year end
Financials of INNOVATIVE LENDING PLATFORM ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$544,250$607,825-$63,575$249,584$60,767$188,817
December 31, 2023990$632,000$563,279$68,721$285,654$33,262$252,392
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$544,250
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$240,000
Salaries, compensation and benefits (total)
$255,376
Professional fundraising fees
$0
Accounting fees
$33,811

Balance sheet and other

Total assets, start of year
$285,654
Total assets, end of year
$249,584
Total liabilities, end of year
$60,767
Net assets, end of year
$188,817
Net assets without donor restrictions
$188,817
Gross receipts
$544,250
Employees
1
Volunteers
20
Year formed
2016
State of legal domicile
DC

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.

NameTitleHours / weekCompensation
SCOTT STEWARTCEO
Officer
40$240,000
KIRK CHARTIERPRESIDENT
Trustee or director, Officer
5$0
WILLIAM PHELANTREASURER
Trustee or director, Officer
5$0
DAVID LIEBOWITZSECRETARY
Trustee or director, Officer
5$0
ETHAN HANSONDIRECTOR
Trustee or director
5$0
RYAN METCALFDIRECTOR
Trustee or director
5$0
XAN MYBURGHDIRECTOR
Trustee or director
5$0
DANIEL LAGEMANDIRECTOR
Trustee or director
5$0
MIKE WOHLDIRECTOR
Trustee or director
5$0
SHAWN SMITHDIRECTOR
Trustee or director
5$0
KOS JOSHIDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SCOTT STEWARTCEO
Officer
60$240,000
KIRK CHARTIERPRESIDENT
Trustee or director, Officer
5$0
WILLIAM PHELANTREASURER
Trustee or director, Officer
5$0
TODD HAMBLETSECRETARY
Trustee or director, Officer
5$0
DAVID LEIBOWITZDIRECTOR
Trustee or director
5$0
SHARON CARMELIDIRECTOR
Trustee or director
5$0
DANIEL LAGEMANDIRECTOR
Trustee or director
5$0
RYAN METCALFDIRECTOR
Trustee or director
5$0
ETHAN HANSONDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
850 10TH ST NW, WASHINGTON, DC 20001-4956
In care of
% ON DECK CAPITAL INC
Principal officer (990 for 2024)
SCOTT STEWART, C/O ONDECK 901 N STUART ST 700, ARLINGTON, VA 22203
Signed the 990
SCOTT STEWART, CEO
Phone
(202) 615-5151
990-N for 2016 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: CHRISTIN SPRADLEY, 1400 BROADWAY NO 25 FL, NEW YORK NY 10018. Mailing address: 1400 BROADWAY NO 25 FL, NEW YORK NY 10018.
Return prepared by
GELMAN ROSENBERG & FREEDMAN

Mission

THE INNOVATIVE LENDING PLATFORM ASSOCIATION (ILPA) IS A LEADING TRADE ORGANIZATION REPRESENTING A DIVERSE GROUP OF ONLINE LENDING AND SERVICE COMPANIES SERVING SMALL BUSINESSES, UNITED BY A SHARED COMMITMENT TO THE HEALTH AND SUCCESS OF SMALL BUSINESSES IN AMERICA. THE ILPA IS DEDICATED TO ADVANCING BEST PRACTICES AND STANDARDS THAT SUPPORT RESPONSIBLE INNOVATION AND ACCESS TO CAPITAL FOR SMALL BUSINESSES.

990 for the year ended December 31, 2024

Program accomplishments

  • STATE AND FEDERAL GOVERNMENT AFFAIRS: PROVIDE THE MEMBERS OF THE ASSOCIATION WITH A VIEW INTO WHAT IS HAPPENING BOTH LEGISLATIVELY AND REGULATORILY WITH RESPECT TO SMALL BUSINESS FINANCING AT THE FEDERAL LEVEL AND IN THE STATES. PROVIDE COORDINATING PROGRAMS AND ACTIVITIES FOR MEMBERS TO EDUCATE REGULATORS AND LAWMAKERS ON THE IMPACT OF POTENTIAL POLICY CHANGES UPON AMERICA'S SMALL BUSINESSES.
  • RESEARCH, COMMUNICATIONS AND MARKETING: BUILD A SERIES OF MESSAGES AND COMMUNICATIONS ACTIVITIES FOR MEMBERS TO UTILIZE IN THEIR BUSINESSES. USE THE ASSOCIATION TO EXPOUND THE VALUE OF ONLINE SMALL BUSINESS LENDING TO THE HEALTH OF SMALL BUSINESS AND THE US ECONOMY.
  • NETWOKING AND INFORMATION SHARING: DEVELOP A SERIES OF TEAMS AND WORKING GROUPS TO TACKLE INDUSTRY CHALLENGES IN A COOPERATIVE FASHION. OFFER VIRTUAL AND FACE TO FACE OPPORTUNITIES FOR ENGAGEMENT, INTERACTION AND COLLABORATIVE PROBLEM SOLVING.

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-3600428
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$249,584
Income (IRS master file)
$544,250

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$544,250$607,825$249,584IRS
990December 2023$632,000$563,279$285,654XML
990December 2022$726,500$652,826$206,909IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2016
Officer: CHRISTIN SPRADLEY
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2016≤ $50,000 receipts––e-Postcard

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 81-3600428).

Questions about INNOVATIVE LENDING PLATFORM ASSOCIATION

What is the EIN of INNOVATIVE LENDING PLATFORM ASSOCIATION?
The employer identification number (EIN) of INNOVATIVE LENDING PLATFORM ASSOCIATION is 81-3600428.
Is INNOVATIVE LENDING PLATFORM ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2017.
Are donations to INNOVATIVE LENDING PLATFORM ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INNOVATIVE LENDING PLATFORM ASSOCIATION 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 INNOVATIVE LENDING PLATFORM ASSOCIATION 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 INNOVATIVE LENDING PLATFORM ASSOCIATION 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 INNOVATIVE LENDING PLATFORM ASSOCIATION?
The 990 for the year ended December 31, 2024 names SCOTT STEWART.
Who are the officers and directors of INNOVATIVE LENDING PLATFORM ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $240,000 (SCOTT STEWART, CEO).
How much revenue does INNOVATIVE LENDING PLATFORM ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $544,250, expenses of $607,825 and total assets of $249,584 at year end.

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