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Secured Finance Network Midwest

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201500060 ✦ Frankfort, IL ✦ Designated as a 501(c)(6)

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Overview

What is Secured Finance Network Midwest?

Secured Finance Network Midwest is a nonprofit organization situated in Frankfort, Illinois. Its primary focus is to serve as a platform for commercial finance companies, factors, banks, and other financing agencies within the asset-based financial services industry on various international, national, regional, and local scales. The organization aims to facilitate discussions and disseminate current information related to legislation and court decisions concerning asset-based financial services. By doing so, they aim to enhance legal and operational procedures in the industry and educate the general public on the industry's role in the country's credit structure. Additionally, Secured Finance Network Midwest encourages the association's members to share ideas and opportunities within their industry.


Official website here: www.sfnetmidwest.com

Is Secured Finance Network Midwest legitimate?

Secured Finance Network Midwest is a legitimate nonprofit organization registered as a 501(c)(6) entity. Secured Finance Network Midwest 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,609

For more financial information, click here


Official website here: www.sfnetmidwest.com

What is the mission statement of Secured Finance Network Midwest?

The Secured Finance Network serves as a trade group for commercial finance companies, factors, banks, and other financing agencies within the asset-based financial services industry on a global, national, regional, and local level. Its primary objectives include providing a platform for the discussion and consideration of inter- and intra-industry ideas and opportunities, making current information on legislation and court decisions related to asset-based financial services available, improving legal and operational procedures employed by the industry, and educating the general public on the function and significance of the industry in the country's credit structure. The association encourages its members to actively participate in these objectives to enhance the overall performance of the asset-based financial services industry.


Official website here: www.sfnetmidwest.com

Who is the CEO of Secured Finance Network Midwest?

Jason Hoefler is the President of Secured Finance Network Midwest.


Official website here: www.sfnetmidwest.com

What is the revenue of Secured Finance Network Midwest?

Secured Finance Network Midwest's revenue in 2022 was $93,142.


Official website here: www.sfnetmidwest.com

Who are the executives of Secured Finance Network Midwest and what are their salaries?

There 50 volunteers at Secured Finance Network Midwest.


Here are 8 key members and their salaries:


Kathleen Parker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Dorner (First Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Duckett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Boniface (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Hoefler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Low (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Carlson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alpesh Amin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sfnetmidwest.com

Where can I find the form 990 for Secured Finance Network Midwest?

Secured Finance Network Midwest's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sfnetmidwest.com

Learn more at the official website: www.sfnetmidwest.com

Mission Statement of Secured Finance Network Midwest

Secured Finance Network, a trade group for commercial finance companies, factors, banks, and other financing agencies in the asset-based financial services industry, serves as a platform for inter- and intra-industry discussions and opportunities. Its primary objective is to provide a forum for exchanging ideas and potential collaborations within the industry. The organization also aims to disseminate up-to-date information on legislation and court decisions related to asset-based financial services, with a goal of improving the legal and operational procedures employed by the industry. Secured Finance Network aspires to educate the general public on the function and importance of the industry in the country's credit structure. Furthermore, the organization encourages its members to engage with one another and contribute to the industry's growth and development.

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Impact




October, 2024

Secured Finance Network Midwest significantly influences the asset-based financial services industry by fostering collaboration and knowledge sharing among commercial finance companies, factors, banks, and other financing agencies. It serves as a vital platform for discussion and the dissemination of information related to industry practices, legislation, and court rulings, which enhances both legal and operational standards in the field.

The network promotes a deeper understanding of the industry's role within the broader credit structure of the economy, ensuring that stakeholders are well-informed on trends and challenges. Through its annual corporate sponsorships and networking meetings, members strengthen relationships, leading to enhanced cooperation and innovative solutions in financing practices. Ultimately, Secured Finance Network Midwest contributes to community improvement by bolstering the financial infrastructure that supports businesses and economic growth.




This information is meant to be a general summary of Secured Finance Network Midwest. 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.

Revenue
$93,142 (2022)
Expenses
$51,685 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $242,492

Assets and Liabilities:

  • Total Assets: $463,634
  • Total Liabilities: $210,284
  • Net Assets: $253,350

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Organization Details

Founding Year

1988

Principal Officer

Jason Hoefler

Main Address

20960 S FRANKFORT SQUARE ROAD, FRANKFORT, IL, 60423

NTEE Category

Code: S41 - Community improvement

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