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Commercial Collection Agencies Of America Inc

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

EIN: 465658593 ✦ Arlington heights, IL ✦ Designated as a 501(c)(6)

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Overview

What is Commercial Collection Agencies Of America Inc?

Commercial Collection Agencies of America Inc. is a nonprofit organization based in Arlington Heights, Illinois. Its primary mission is to educate its members, which are mainly commercial collection agencies and collection attorney firms, on the latest techniques and regulatory requirements in the debt collection industry. The organization accomplishes this through educational sessions at conferences and roundtable discussions with various regulators from various states. By providing this knowledge, Commercial Collection Agencies of America Inc. aims to support its members in navigating the complexities of debt collection while adhering to legal and ethical standards.


Official website here: www.commercialcollectionagenciesofamerica.com

Is Commercial Collection Agencies Of America Inc legitimate?

Commercial Collection Agencies Of America Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Commercial Collection Agencies Of America 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.commercialcollectionagenciesofamerica.com

What is the mission statement of Commercial Collection Agencies Of America Inc?

Commercial Collection Agencies of America Inc. is an organization dedicated to serving its member companies within the commercial collection industry. Its primary mission is to disseminate relevant information to its members. This is accomplished through educational sessions at conferences, where they teach collection techniques and the regulatory requirements for contacting debtors. Additionally, the organization conducts roundtable discussions with various regulators from different states, providing a platform for valuable insights. The membership comprises commercial collection agencies and legal collection service providers.


Official website here: www.commercialcollectionagenciesofamerica.com

Who is the CEO of Commercial Collection Agencies Of America Inc?

Fred Wasserspring is the Director of Commercial Collection Agencies Of America Inc.


Official website here: www.commercialcollectionagenciesofamerica.com

What is the revenue of Commercial Collection Agencies Of America Inc?

Commercial Collection Agencies Of America Inc's revenue in 2022 was $305,528.


Official website here: www.commercialcollectionagenciesofamerica.com

Who are the executives of Commercial Collection Agencies Of America Inc and what are their salaries?


Here are 11 key members and their salaries:


Tom Claybaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Rauch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Mcdermott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Bresler (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Wasserspring (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meg Scotty (Standards Board Liaison)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Roth (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Humberto Matz (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Herer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Waggoner (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Godwin (Former President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commercialcollectionagenciesofamerica.com

Where can I find the form 990 for Commercial Collection Agencies Of America Inc?

Commercial Collection Agencies Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.commercialcollectionagenciesofamerica.com

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

Mission Statement of Commercial Collection Agencies Of America Inc

Commercial Collection Agencies of America Inc. is an organization dedicated to serving its members within the commercial collection industry. Its primary mission is to disseminate relevant information and provide education to its member companies. This education encompasses collection techniques and the regulatory requirements associated with contacting debtors. The organization achieves this through educational sessions at conferences and roundtable discussions with various regulators from various states. Furthermore, the organization's membership consists of both commercial collection agencies and collection attorneys who offer legal collection services to these agencies.

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Impact




October, 2024

Commercial Collection Agencies Of America Inc significantly impacts the commercial collection industry by providing vital education and resources to its member companies. By disseminating information on effective collection techniques and regulatory requirements, the organization empowers its members to enhance their practices, ensuring compliance and improving overall efficiency in contacting debtors.

The educational sessions hosted at conferences, including roundtable discussions with various regulators, foster an environment of continuous learning and collaboration among member agencies and collection attorneys. This not only elevates professional standards within the industry but also promotes a more ethical approach to debt collection, ultimately benefiting both collectors and debtors.

Through its commitment to community improvement, the organization plays a crucial role in shaping policies and practices that contribute to the integrity and effectiveness of the commercial collection sector. This impact extends beyond its members, influencing the broader business community by promoting fair and informed collection methods.




This information is meant to be a general summary of Commercial Collection Agencies Of America 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.

Revenue
$305,528 (2022)
Expenses
$289,789 (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: $302,228
  • Gross Receipts: $305,528

Assets and Liabilities:

  • Total Assets: $137,099
  • Total Liabilities: $30,055
  • Net Assets: $107,044

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Programs

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

CONFERENCES

Revenue

$162,871

MEMBERSHIP DUES

Revenue

$139,357

Organization Details

Founding Year

2014

Principal Officer

Fred Wasserspring

Main Address

PO BOX 1695, ARLINGTON HEIGHTS, IL, 60006

NTEE Category

Code: S41 - Community improvement

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