American Association Of Commercial Finance Brokers Inc

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

EIN: 581919154 ✦ Louisville, KY ✦ Designated as a 501(c)(6)

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Overview

What is American Association Of Commercial Finance Brokers Inc?

The American Association of Commercial Finance Brokers Inc. is a nonprofit organization based in Louisville, Kentucky, specifically at 2301 River Road Suite 102. Their primary purpose is to serve as a platform for commercial finance professionals to exchange ideas and information about the leasing industry. They strive to develop efficient methods, procedures, and techniques for managing common interests, uphold high standards of conduct, and promote networking among its members. The association also keeps track of legal and legislative developments in the leasing industry, collecting and disseminating related information. As a trade association, AACFB empowers independent commercial finance professionals and advocates for their interests, consistently developing programs to enhance performance and encourage ethical practices.


Official website here: www.aacfb.org

Is American Association Of Commercial Finance Brokers Inc legitimate?

American Association Of Commercial Finance Brokers Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Association Of Commercial Finance Brokers 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.aacfb.org

What is the mission statement of American Association Of Commercial Finance Brokers Inc?

The American Association of Commercial Finance Brokers Inc serves as a trade association, advocating for independent commercial finance professionals and their funding source partners. Its mission is to promote their interests through education, advocacy, and improved communication with funders. The association continually develops programs and opportunities to enhance performance levels, encouraging members to implement ethical disciplines. It provides a platform for the exchange of ideas and information related to the leasing industry, fostering efficient methods and high professional standards among its members. The organization also keeps track of legal and legislative developments in the leasing industry, compiling and disseminating relevant statistics and information to its members.


Official website here: www.aacfb.org

Who is the CEO of American Association Of Commercial Finance Brokers Inc?

Monica Harper is the Executive Director of American Association Of Commercial Finance Brokers Inc.


Official website here: www.aacfb.org

What is the revenue of American Association Of Commercial Finance Brokers Inc?

American Association Of Commercial Finance Brokers Inc's revenue in 2022 was $707,229.


Official website here: www.aacfb.org

Who are the executives of American Association Of Commercial Finance Brokers Inc and what are their salaries?


Here are 9 key members and their salaries:


Carrie Radloff (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Estrada (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Cranney (President-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roderick Knoll (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Brown (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hong (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kalah Sprabeary (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kortney Murray (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Harper (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aacfb.org

Where can I find the form 990 for American Association Of Commercial Finance Brokers Inc?

American Association Of Commercial Finance Brokers Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aacfb.org

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

Mission Statement of American Association Of Commercial Finance Brokers Inc

The American Association of Commercial Finance Brokers Inc, often abbreviated as AACFB, is an organization dedicated to supporting independent commercial finance professionals and their funding source partners. Its mission is to promote the interests of these professionals through various means, including education, advocacy, improved communication, and the development of programs designed to enhance their professionalism and profitability.

AACFB serves as a platform for the exchange of ideas and information related to the leasing industry, fostering discussions and publications to further understanding in this field. The association also strives to develop efficient methods, procedures, and techniques for managing the common interests of lease brokers. This is done with the aim of upholding high standards of personal and professional conduct among brokers in the leasing sector.

Apart from these, AACFB organizes meetings and conferences for the improvement, education, and networking of its members. It also compiles and disseminates information regarding legal and legislative developments in the leasing industry, as well as collecting and sharing statistics and other related information that can benefit its members. In essence, AACFB is a dynamic association that continually evolves to provide its members with opportunities for growth, learning, and professional advancement.

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Impact




October, 2024

The American Association Of Commercial Finance Brokers Inc (AACFB) significantly impacts the commercial finance sector by empowering independent finance professionals and advocating for their interests. By providing a platform for the exchange of ideas, information, and best practices within the leasing industry, AACFB fosters a vibrant community that enhances knowledge and collaboration among its members.

AACFB actively develops programs to improve professional performance and encourages the adoption of ethical standards in commercial finance practices. Through meetings, conferences, and educational initiatives, the association not only enhances members' skills but also promotes networking opportunities that can lead to new partnerships and growth.

The association's focus on collecting and disseminating valuable statistics and information regarding legal and legislative developments ensures that its members stay informed and responsive to changes in the industry. This commitment to education and advocacy ultimately leads to improved communication with funding sources, enhancing the overall effectiveness and profitability of brokers, funders, and others involved in commercial finance.

By continually striving to upgrade the professionalism in the field, the AACFB not only strengthens individual businesses but also contributes to the overall health and growth of the leasing industry, driving community improvement and economic vitality.




This information is meant to be a general summary of American Association Of Commercial Finance Brokers 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
$707,229 (2022)
Expenses
$552,934 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,451
  • Program Service Revenue: $477,326
  • Gross Receipts: $707,229

Assets and Liabilities:

  • Total Assets: $1,403,449
  • Total Liabilities: $290,520
  • Net Assets: $1,112,929

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Programs

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

SPONSORSHIP REVENUE

Revenue

$282,940

MEETING AND CONVENTION

Revenue

$194,386

Organization Details

Founding Year

1991

Principal Officer

Monica Harper

Main Address

2301 RIVER ROAD SUITE 102, LOUISVILLE, KY, 40206

NTEE Category

Code: S41 - Community improvement

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