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Community Financial Services Assoc Of America

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

EIN: 522156601 ✦ Arlington, VA ✦ Designated as a 501(c)(6)

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Overview

What is Community Financial Services Assoc Of America?

Community Financial Services Assoc of America, headquartered in Arlington, Virginia, is a nonprofit organization with a mission to support the legal activities and litigation efforts of its members within the small-dollar lending industry. Their primary goal is to maintain consumer confidence in this sector, while simultaneously educating about its role in the broader financial services arena. Furthermore, they advocate for regulations that safeguard consumers, ensuring they have access to credit options. The organization's activities primarily revolve around legal support and advocacy, with a focus on the small-dollar lending industry.


Official website here: www.cfsaa.com

Is Community Financial Services Assoc Of America legitimate?

Community Financial Services Assoc Of America is a legitimate nonprofit organization registered as a 501(c)(6) entity. Community Financial Services Assoc Of America 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.cfsaa.com

What is the mission statement of Community Financial Services Assoc Of America?

The Community Financial Services Assoc of America's mission is centered around supporting the legal activities and litigation efforts of its members and the small-dollar lending industry. Their objective is to maintain consumer confidence in this sector. They also aim to educate the public about the role of small-dollar lending within the broader financial services arena. Furthermore, the organization advocates for laws and regulations that safeguard consumers while ensuring the preservation of credit options.


Official website here: www.cfsaa.com

What is the revenue of Community Financial Services Assoc Of America?

Community Financial Services Assoc Of America's revenue in 2023 was $1,406,000.


Official website here: www.cfsaa.com

Who are the executives of Community Financial Services Assoc Of America and what are their salaries?

There 11 volunteers at Community Financial Services Assoc Of America.

Here are 10 key members and their salaries:


Jessica Rustin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Andre (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cullen Earnest (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denae Roth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Hodges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian A Mackechnie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian K Lynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrin Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Dan Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kip Cashmore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cfsaa.com

Where can I find the form 990 for Community Financial Services Assoc Of America?

Community Financial Services Assoc Of America's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.cfsaa.com

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

Mission Statement of Community Financial Services Assoc Of America

Community Financial Services Assoc of America, as an organization, is dedicated to supporting the legal activities and litigation efforts of its members and the small-dollar lending industry. Its mission is multifaceted, aiming to ensure continued consumer confidence in this sector, promote education about the role of small-dollar lending within the broader financial services arena, and advocate for laws and regulations that protect consumers while preserving access to credit options. The association strives to safeguard the interests of its members and the small-dollar lending industry, thereby contributing to the overall financial well-being of consumers.

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Impact




October, 2024

The Community Financial Services Association of America plays a significant role in supporting the small-dollar lending industry by advocating for legal initiatives and defending its members' interests. Its mission focuses on ensuring consumer confidence in small-dollar lending through education and awareness of its importance in the financial services landscape. By promoting balanced laws and regulations, the association aims to protect consumers while maintaining access to vital credit options.

Through its advocacy efforts, the association seeks to influence legislation that both safeguards consumers and allows for responsible lending practices. This dual focus helps foster a marketplace where consumers can make informed financial decisions, contributing to broader community improvement. In addition, the organization plays a critical role in legal activities and litigation strategies that address challenges faced by its members, thereby reinforcing stability and trust within the small-dollar lending sector.




This information is meant to be a general summary of Community Financial Services Assoc Of America. 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
$1,406,000 (2023)
Expenses
$1,272,851 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $1,406,000
  • Gross Receipts: $1,406,000

Assets and Liabilities:

  • Total Assets: $277,772
  • Total Liabilities: $263,651
  • Net Assets: $14,121

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Programs

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

DUES AND ASSESSMENTS

Revenue

$1,406,000

Organization Details

Founding Year

1999

Principal Officer

Jessica Rustin

NTEE Category

Code: S41 - Community improvement

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