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Council For Fair Lending

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

EIN: 260409022 ✦ Birmingham, AL ✦ Designated as a 501(c)(6)

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Overview

What is Council For Fair Lending?

The Council for Fair Lending is a nonprofit organization based in Birmingham, Alabama. Its primary mission is to serve as a public communication entity for the cash advance and title loan industry. The council aims to establish operating standards within the industry, educate consumers about the use of short-term lending services, and directly communicate this information to the general public. By doing so, the Council for Fair Lending seeks to promote transparency and understanding of the cash advance and title loan sector in Alabama.


Official website here: www.councilforfairlending.com

Is Council For Fair Lending legitimate?

Council For Fair Lending is a legitimate nonprofit organization registered as a 501(c)(6) entity. Council For Fair Lending 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: $0

For more financial information, click here


Official website here: www.councilforfairlending.com

What is the mission statement of Council For Fair Lending?

The Council for Fair Lending serves as a public communication entity for the cash advance and title loan industry. Its primary objectives include establishing operating standards within the industry, educating consumers about the use of these services, and directly communicating this information to the general public. The organization aims to unite cash advance and title lenders in various locations, such as Alabama, to enhance consumer and media understanding of the services provided by short-term lenders.


Official website here: www.councilforfairlending.com

Who is the CEO of Council For Fair Lending?

Max Wood is the Director & President of Council For Fair Lending.


Official website here: www.councilforfairlending.com

What is the revenue of Council For Fair Lending?

Council For Fair Lending's revenue in 2022 was $153,501.


Official website here: www.councilforfairlending.com

Who are the executives of Council For Fair Lending and what are their salaries?


Here are 3 key members and their salaries:


Max Wood (Director & President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Hutcheson (Director & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Grissom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.councilforfairlending.com

Where can I find the form 990 for Council For Fair Lending?

Council For Fair Lending's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.councilforfairlending.com

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

Mission Statement of Council For Fair Lending

The Council for Fair Lending, a communication entity for the cash advance and title loan industry, aims to establish operating standards within its sector. With a mission to educate consumers about the utilization of these services, this organization strives to directly convey this information to the general public. Its primary goal is to unite cash advance and title lenders in Alabama, fostering a better understanding of the services provided by short-term lenders among both consumers and the media.

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Impact




October, 2024

The Council for Fair Lending significantly impacts the cash advance and title loan industry by establishing operating standards and educating consumers. Based in Birmingham, Alabama, it serves as a vital communication entity that unites short-term lenders in the region. By actively promoting awareness about the services provided by cash advance and title loan companies, it helps inform the general public and clarifies misconceptions surrounding these financial services. This initiative fosters transparency within the industry, enabling consumers to make more informed decisions. Additionally, the Council’s focus on consumer education contributes to a better understanding of the lending process, which can enhance the overall financial literacy of the community.




This information is meant to be a general summary of Council For Fair Lending. 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
$153,501 (2022)
Expenses
$151,969 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $153,501
  • Gross Receipts: $153,501

Assets and Liabilities:

  • Total Assets: $8,980
  • Total Liabilities: $0
  • Net Assets: $8,980

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COMPLIANCE MANUALS AND

Revenue

$153,501

Organization Details

Founding Year

2007

Principal Officer

Max Wood

Main Address

PO BOX 361782, BIRMINGHAM, AL, 352361782

NTEE Category

Code: W90 - Public benefit

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