Overview
What is Credit Research Foundation Inc?
Credit Research Foundation Inc, based in Westminster, Maryland, is a nonprofit organization primarily dedicated to the education and research of modern credit, accounts receivable, and customer financial service professionals. With a diverse membership, the foundation fosters intellectual development and promotes leadership by bridging the gap between practice and education. They achieve this by recognizing excellence, encouraging information exchange, and sponsoring various conferences and roundtable discussions annually on relevant credit management topics. The organization currently employs 7 individuals.
Official website here: www.crfonline.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Credit Research Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The overall score is derived entirely from the Accountability & Finance category, where the organization scored an exceptional 96%. This indicates that the foundation adheres to high standards in managing its finances and maintaining transparency.
Key strengths of the organization include a fully independent board, with all eight members meeting the independence criteria. The foundation also demonstrated robust financial practices, evidenced by a 75.90% program expense ratio, showing a significant portion of its resources is directed towards its mission. Additionally, it has effective governance policies in place, such as conflict of interest and whistleblower policies, supporting its integrity and accountability.
While the data presents a positive view of the foundation, potential limitations are not explicitly mentioned. However, as with any nonprofit, ongoing evaluation of its impact and effectiveness in achieving its mission would be beneficial for stakeholders looking to understand its broader contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Credit Research Foundation Inc legitimate?
Credit Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Credit Research Foundation 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: $357,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $436,596
For more financial information, click here
Official website here: www.crfonline.org
What is the mission statement of Credit Research Foundation Inc?
Credit Research Foundation Inc's mission is centered around providing education and conducting research for professionals working in the credit, accounts receivable, and customer financial service sectors. The organization encourages leadership and fosters a connection between practice and education, catering to its diverse membership. By recognizing excellence, promoting the exchange of information, and fostering intellectual development, Credit Research Foundation Inc aims to serve its members effectively.
Official website here: www.crfonline.org
What is the revenue of Credit Research Foundation Inc?
Credit Research Foundation Inc's revenue in 2023 was $1,483,936.
Official website here: www.crfonline.org
Who are the executives of Credit Research Foundation Inc and what are their salaries?
The average compensation at Credit Research Foundation Inc during 2023 was $132,280. There are 6 employees at Credit Research Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $220,774
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- Other: $0
- Compensation: $136,311
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Official website here: www.crfonline.org
Where can I find the form 990 for Credit Research Foundation Inc?
Credit Research Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.crfonline.org
Learn more at the official website: www.crfonline.org
Mission Statement of Credit Research Foundation Inc
Credit Research Foundation Inc, in its mission, focuses on providing education and conducting research for professionals working in the credit, accounts receivable, and customer financial services sectors. The foundation promotes leadership and fosters a connection between practice and education, serving its diverse membership by recognizing excellence, promoting the exchange of information, and encouraging intellectual development. By doing so, Credit Research Foundation Inc aims to contribute to the professional growth and advancement of individuals in these fields.
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Impact
October, 2024
Credit Research Foundation Inc plays a pivotal role in enhancing the knowledge and expertise of professionals in credit management, accounts receivable, and customer financial services. By focusing on education and research, the Foundation empowers its diverse membership to excel in their respective fields.
Through hosting conferences and facilitating roundtable discussions, CRF creates valuable platforms for the exchange of information and best practices. These activities not only foster professional development but also promote leadership within the industry. The Foundation's commitment to recognizing excellence encourages innovation and continuous improvement among its members.
By linking theory with practical applications, CRF ensures that its members are well-equipped to navigate the complexities of credit management in today's ever-evolving financial landscape. Overall, the Foundation significantly contributes to the development of a knowledgeable and skilled workforce that enhances the efficiency and effectiveness of financial services.
This information is meant to be a general summary of Credit Research Foundation 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 2023.
- Investment Income: $31,800
- Program Service Revenue: $940,751
- Gross Receipts: $2,277,556
Assets and Liabilities:
- Total Assets: $1,367,248
- Total Liabilities: $514,862
- Net Assets: $852,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES AND MEETINGS
Revenue
$502,210
PUBLICATIONS
Revenue
$211,730
RESEARCH
Revenue
$205,354
EDUCATION
Revenue
$21,457
Organization Details
Founding Year
1949
Principal Officer
Matt Skudera
Website
www.crfonline.orgNTEE Category
Code: W60M - Public benefit
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