National Equipment Finance Association

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

EIN: 263741546 ✦ Northbrook, IL ✦ Designated as a 501(c)(6)

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Overview

What is National Equipment Finance Association?

The National Equipment Finance Association is a nonprofit organization, headquartered in Northbrook, Illinois. With a team of six dedicated individuals, their primary objective is to serve as a platform for fostering personal and professional growth, ethics, advocacy, networking, education, and involvement among its members. They achieved this by hosting events, such as the Fall Funding Symposium held in Nashville, Tennessee in November 2022, which attracted approximately 409 leasing industry professionals. These events provide opportunities for networking and learning how to navigate today's complex business environment more effectively.


Official website here: www.nefassociation.org

Is National Equipment Finance Association legitimate?

National Equipment Finance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Equipment Finance Association 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: $161,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,027

For more financial information, click here


Official website here: www.nefassociation.org

What is the mission statement of National Equipment Finance Association?

The National Equipment Finance Association serves as a platform for its members, encouraging personal and professional development, ethical conduct, advocacy, networking, education, and involvement. Their mission is to provide an environment where members can grow both personally and professionally, uphold ethical standards, advocate for relevant issues, connect with peers, gain knowledge, and engage actively in association activities. The association offers opportunities for networking and learning, such as the Fall Funding Symposium, which allows professionals in the leasing industry to operate more effectively in today's challenging business environment.


Official website here: www.nefassociation.org

Who is the CEO of National Equipment Finance Association?

Chad Sluss is the Ceo of National Equipment Finance Association. The CEO's salary of National Equipment Finance Association is $160,000 and their total compensation is $161,600.


Official website here: www.nefassociation.org

What is the revenue of National Equipment Finance Association?

National Equipment Finance Association's revenue in 2022 was $1,345,862.


Official website here: www.nefassociation.org

Who are the executives of National Equipment Finance Association and what are their salaries?

The average compensation at National Equipment Finance Association during 2022 was $53,271. There are 6 employees and 81 volunteers at National Equipment Finance Association.


Here are 14 key members and their salaries (National Equipment Finance Association's CEO's salary is $160,000 and their total compensation is $161,600):


Chad Sluss (Ceo)
  • Compensation: $160,000
  • Related: $0
  • Other: $1,600
Adam Peterson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hornby (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacklynn Manning (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Fogle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Jackson (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Cosenza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shervin Rashti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Rinaldi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayla Perlinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Elwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Forrest (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nefassociation.org

Where can I find the form 990 for National Equipment Finance Association?

National Equipment Finance Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nefassociation.org

Learn more at the official website: www.nefassociation.org

Mission Statement of National Equipment Finance Association

The National Equipment Finance Association serves as a platform, fostering opportunities for its members to advance both personally and professionally. Its primary objectives include promoting ethics, advocacy, networking, education, and involvement within the organization. This mission aims to empower its members and facilitate their growth in a professional setting. The association offers a forum where members can engage, learn, and collaborate, enabling them to navigate the complexities of today's business environment more effectively.

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Impact




October, 2024

The National Equipment Finance Association (NEFA) significantly influences the equipment finance sector by fostering a collaborative environment that promotes personal and professional growth among its members. Through various initiatives, NEFA emphasizes ethics, advocacy, networking, education, and active involvement.

One of its key events, the Fall Funding Symposium, exemplifies this impact. In November 2022, the symposium in Nashville attracted around 409 leasing industry professionals, providing them with invaluable networking opportunities and insights on navigating the complexities of the contemporary business landscape. Such gatherings empower members to learn from one another, share knowledge, and build critical industry connections, ultimately enhancing their operational effectiveness and adaptability.

By serving as a dedicated forum for industry professionals, NEFA plays a vital role in shaping best practices and standards within the equipment finance community, thereby contributing to the overall health and sustainability of the industry.




This information is meant to be a general summary of National Equipment Finance Association. 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
$1,345,862 (2022)
Expenses
$1,348,524 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $9,610
  • Program Service Revenue: $1,274,365
  • Gross Receipts: $1,345,862

Assets and Liabilities:

  • Total Assets: $2,142,066
  • Total Liabilities: $359,616
  • Net Assets: $1,782,450

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Programs

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

CONFERENCE REVENUE

Revenue

$844,279

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$364,422

REGIONAL EVENT

Revenue

$65,664

Organization Details

Founding Year

2008

Principal Officer

Chad Sluss

Main Address

PO BOX 69, NORTHBROOK, IL, 60065

NTEE Category

Code: Y03 - Mutual benefit

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