Overview
What is Secured Finance Network Inc?
Secured Finance Network Inc, based in New York City, serves as a trade group for commercial finance companies, factors, banks, and other financing agencies within the asset-based financial services industry on both a local and international level. Their primary mission is to facilitate open discussions and provide current information regarding legislation and court decisions related to their sector. By doing so, they aim to improve legal and operational procedures employed by the industry, and to educate the general public on the role and significance of the industry within the country's credit structure. The organization boasts a team of 13 dedicated professionals working towards these objectives.
Official website here: www.sfnet.com
Is Secured Finance Network Inc legitimate?
Secured Finance Network Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Secured Finance Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $772,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $889,574
For more financial information, click here
Official website here: www.sfnet.com
What is the mission statement of Secured Finance Network Inc?
The Secured Finance Network Inc serves as a trade group for commercial finance companies, factors, banks, and other financing agencies in the asset-based financial services industry on a global, national, regional, and local scale. Its primary objectives include providing a platform for inter- and intra-industry idea and opportunity discussions, disseminating current information on legislation and court decisions related to asset-based financial services, enhancing legal and operational procedures within the industry, and educating the public on the function and significance of the industry in the country's credit structure. The association encourages its members to collaborate and share knowledge for the betterment of the industry.
Official website here: www.sfnet.com
Who is the CEO of Secured Finance Network Inc?
Richard Gumbrecht is the CEO of Secured Finance Network Inc The CEO's salary of Secured Finance Network Inc is $693,515 and their total compensation is $712,165.
Official website here: www.sfnet.com
What is the revenue of Secured Finance Network Inc?
Secured Finance Network Inc's revenue in 2024 was $6,302,063.
Official website here: www.sfnet.com
Who are the executives of Secured Finance Network Inc and what are their salaries?
The average compensation at Secured Finance Network Inc during 2024 was $127,871. There are 13 employees and 21 volunteers at Secured Finance Network Inc.
Here are 27 key members and their salaries (Secured Finance Network Inc's CEO's salary is $693,515 and their total compensation is $712,165):
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- Compensation: $693,515
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- Other: $18,650
- Compensation: $149,232
- Related: $69,996
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- Compensation: $137,810
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- Compensation: $114,400
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- Other: $19,621
- Compensation: $296,260
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- Other: $16,602
Official website here: www.sfnet.com
Where can I find the form 990 for Secured Finance Network Inc?
Secured Finance Network Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sfnet.com
Learn more at the official website: www.sfnet.com
Mission Statement of Secured Finance Network Inc
Secured Finance Network, as a trade group, serves as a platform for commercial finance companies, factors, banks, and other financing agencies operating within the asset-based financial services sector on an international, national, regional, and local scale. The organization's primary objectives include providing a forum for the exchange of inter- and intra-industry ideas and opportunities, disseminating current information regarding legislation and court decisions relating to asset-based financial services, enhancing legal and operational procedures employed by the industry, and educating the general public about the function and importance of the industry within the country's credit structure. In addition, Secured Finance Network encourages its members to engage actively in the association's activities and initiatives.
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Impact
October, 2024
Secured Finance Network Inc plays a crucial role in the asset-based financial services sector. By serving as a trade group for commercial finance companies, factors, banks, and other financing agencies, it facilitates communication and collaboration across the industry on multiple levels—international, national, regional, and local.
Through its forums, discussions, and publications, the organization nurtures the exchange of innovative ideas and identifies new opportunities, fostering a dynamic environment for growth and professional development. It provides members with up-to-date information regarding relevant legislation and court decisions, which is essential for navigating the evolving regulatory landscape.
The network also focuses on improving legal and operational procedures within the industry. By ensuring members have access to best practices and operational insights, the organization enhances overall efficiency and effectiveness in service delivery.
Moreover, Secured Finance Network Inc educates the general public about the significance of the asset-based financial services industry within the broader credit structure of the country. Its educational programs are instrumental in informing industry professionals on contemporary issues and evolving practices, ultimately enriching the knowledge base and competence of its members.
In summary, Secured Finance Network Inc has a significant impact by promoting collaboration, facilitating knowledge sharing, enhancing industry standards, and raising public awareness about the vital role of asset-based financing in economic structures.
This information is meant to be a general summary of Secured Finance Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $102,469
- Program Service Revenue: $5,564,385
- Gross Receipts: $12,038,702
Assets and Liabilities:
- Total Assets: $5,939,386
- Total Liabilities: $5,164,621
- Net Assets: $774,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES & CONVENTION
Revenue
$3,448,542
MEMBERSHIP DUES
Revenue
$1,877,120
EDUCATIONAL PROGRAMS
Revenue
$226,723
CHAPTER DUES
Revenue
$12,000
Organization Details
Founding Year
1944
Principal Officer
Richard Gumbrecht
Website
www.sfnet.comNTEE Category
Code: V22C - Social research
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