Overview
What is Equipment Leasing & Finance Foundation Inc?
Equipment Leasing & Finance Foundation Inc is a nonprofit organization situated in Washington D.C., committed to serving the Equipment Finance Industry. Their primary mission is to provide future-oriented, in-depth, independent research and resources, aimed at identifying and reporting on critical issues affecting the industry. Established for the charitable, educational, and scientific purposes of the Equipment Leasing and Finance Association, Inc., the foundation strives to promote the growth and effectiveness of equipment leasing and finance. They conduct research that contributes to a better understanding of the vital role played by equipment leasing in the American and international economies. This research is used to develop the industry's body of knowledge and promote the success and productivity of equipment leasing, ultimately benefiting the public. Their flagship offering is the Economic Outlook Report Series, which analyzes global and domestic trends impacting capital spending and economic growth in the equipment finance industry.
Official website here: www.leasefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Equipment Leasing & Finance Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score is based entirely on a single beacon score focused on financial metrics, showcasing robust performance in governance and transparency.
The organization demonstrates strong governance practices with 94% of its board members being independent and a comprehensive audit and oversight committee. Additionally, it has implemented effective policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute positively to its operational integrity. The foundation shows a solid program expense ratio of 70.59%, reflecting its commitment to utilizing funds effectively for its programs.
However, it's important for potential donors to consider that while the financial and governance indicators are strong, the overall score is derived from a single area of evaluation. As such, it would be beneficial to look at the foundation's impact and programmatic outcomes to gain a fuller picture of its effectiveness in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Equipment Leasing & Finance Foundation Inc legitimate?
Equipment Leasing & Finance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equipment Leasing & Finance Foundation 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: $185,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,395
For more financial information, click here
Official website here: www.leasefoundation.org
What is the mission statement of Equipment Leasing & Finance Foundation Inc?
The Equipment Leasing & Finance Foundation Inc was established with the purpose of benefiting and furthering the charitable, educational, and scientific objectives of the Equipment Leasing and Finance Association, Inc. Its main aim is to promote the growth and effectiveness of the equipment leasing and finance industry by identifying, studying, and reporting on critical issues affecting the sector. The foundation conducts independent research to enhance the understanding of the essential role played by equipment leasing in both the American and international economies. By developing research reports and studies, the foundation aims to contribute to the success and productivity of equipment leasing, thus enabling it to better serve the public.
Official website here: www.leasefoundation.org
Who is the CEO of Equipment Leasing & Finance Foundation Inc?
Ralph A Petta is the President of Equipment Leasing & Finance Foundation Inc.
Official website here: www.leasefoundation.org
What is the revenue of Equipment Leasing & Finance Foundation Inc?
Equipment Leasing & Finance Foundation Inc's revenue in 2022 was $888,946.
Official website here: www.leasefoundation.org
Who are the executives of Equipment Leasing & Finance Foundation Inc and what are their salaries?
There 70 volunteers at Equipment Leasing & Finance Foundation Inc.
Here are 24 key members and their salaries:
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- Compensation: $168,598
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- Other: $16,435
- Compensation: $108,099
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- Other: $11,821
Official website here: www.leasefoundation.org
Where can I find the form 990 for Equipment Leasing & Finance Foundation Inc?
Equipment Leasing & Finance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leasefoundation.org
Learn more at the official website: www.leasefoundation.org
Mission Statement of Equipment Leasing & Finance Foundation Inc
The Equipment Leasing & Finance Foundation Inc, established for the benefit of and in alignment with the Equipment Leasing and Finance Association, Inc., carries out charitable, educational, and scientific purposes. Its primary mission is to promote the growth and effectiveness of the equipment leasing and finance industry. The foundation achieves this by identifying, studying, and reporting on critical issues affecting the sector. It strives to develop the industry's body of knowledge, with a focus on conducting research that contributes to a better understanding of the role played by equipment leasing in the American and international economies. By producing independent research reports and studies, the Equipment Leasing & Finance Foundation Inc aims to enhance the success and productivity of equipment leasing, thereby enabling it to better serve the public.
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Impact
July, 2024
Equipment Leasing & Finance Foundation Inc's impact extends to providing future-oriented, in-depth, and independent research and resources for the equipment finance industry. Through initiatives like the Economic Outlook report series, the organization analyzes global and domestic trends impacting capital spending and economic growth in the upcoming year. By identifying key signposts specific to the equipment finance industry and featuring momentum monitors for various verticals, the Foundation plays a crucial role in helping industry professionals make informed decisions. Overall, their research and studies contribute to a better understanding of the innovative role played by equipment leasing in both the American and international economies, ultimately promoting the success and productivity of the industry.
This information is meant to be a general summary of Equipment Leasing & Finance Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51,263
- Gross Receipts: $888,946
Assets and Liabilities:
- Total Assets: $1,533,930
- Total Liabilities: $680,680
- Net Assets: $853,250
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Organization Details
Founding Year
1989
Phone
(202) 238-3400Principal Officer
Ralph A Petta
Main Address
1625 EYE STREET NW 850, WASHINGTON, DC, 20006
Website
www.leasefoundation.orgNTEE Category
Code: T30 - Philanthropy
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