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Revenue Based Finance Coalition Inc

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

EIN: 811270942 ✦ Potomac falls, VA ✦ Designated as a 501(c)(6)

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Overview

What is Revenue Based Finance Coalition Inc?

Revenue Based Finance Coalition Inc is a nonprofit organization based in Potomac Falls, Virginia. Their primary mission is to support the development of revenue-based financing, establish best practices, and provide research and advice on potential regulatory developments impacting the industry. The coalition aims to assist its constituents, primarily American business owners, in securing capital through education and advocacy to various legislative and regulatory groups at the federal and state levels. Additionally, they promote best practices to set a standard of excellence within the small business financing sector.


Official website here: www.commercialfinancecoalition.com

Is Revenue Based Finance Coalition Inc legitimate?

Revenue Based Finance Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Revenue Based Finance Coalition 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: $500,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.commercialfinancecoalition.com

What is the mission statement of Revenue Based Finance Coalition Inc?

The Revenue Based Finance Coalition Inc's mission is centered around supporting its constituents in providing capital to American business owners. They achieve this by educating various legislative and regulatory groups within the US government, including members of Congress, governors, attorneys general, state legislators, and regulators. The coalition also promotes best practices in small business financing to establish a standard of excellence within the industry. Additionally, the Revenue Based Finance Coalition Inc engages in research and advises on potential regulatory developments affecting the industry.


Official website here: www.commercialfinancecoalition.com

Who is the CEO of Revenue Based Finance Coalition Inc?

Scott Crockett is the President & Director of Revenue Based Finance Coalition Inc.


Official website here: www.commercialfinancecoalition.com

What is the revenue of Revenue Based Finance Coalition Inc?

Revenue Based Finance Coalition Inc's revenue in 2022 was $2,870,200.


Official website here: www.commercialfinancecoalition.com

Who are the executives of Revenue Based Finance Coalition Inc and what are their salaries?


Here are 7 key members and their salaries:


Scott Crockett (President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Ney (Vice-President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Gallagher (Secretary & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Frascella (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsey Rohan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Smeidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Mages (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commercialfinancecoalition.com

Where can I find the form 990 for Revenue Based Finance Coalition Inc?

Revenue Based Finance Coalition Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.commercialfinancecoalition.com

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

Mission Statement of Revenue Based Finance Coalition Inc

The Revenue Based Finance Coalition Inc, in its mission, aims to support its constituents in providing capital to American business owners. This nonprofit organization strives to educate various legislative and regulatory groups within the US government, including members of Congress, governors, attorneys general, state legislators, and regulators, about the potential benefits and best practices of revenue-based financing. By doing so, the Revenue Based Finance Coalition Inc aims to promote a standard of excellence in small business financing. The coalition also works towards influencing potential regulatory developments that may impact the industry, ensuring a conducive environment for the growth and success of revenue-based financing businesses.

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Impact




October, 2024

Revenue Based Finance Coalition Inc plays a crucial role in shaping the landscape of revenue-based financing. By developing best practice standards and providing research and advice on regulatory developments, the Coalition aims to enhance the capital access mechanisms for American entrepreneurs and small business owners.

The Coalition focuses on leveraging technology to streamline and reduce inefficiencies in commercial finance, enabling a more convenient process for securing funding. Through education and advocacy, it engages with key legislative and regulatory bodies, ensuring that policymakers understand the nuances of revenue-based financing. This proactive approach seeks to protect the interests of small business owners while promoting a framework that fosters sustainable financial practices.

Overall, the Coalition's efforts contribute to creating a more equitable and efficient financial ecosystem, empowering entrepreneurs and enhancing community improvement across the nation.




This information is meant to be a general summary of Revenue Based Finance Coalition 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
$2,870,200 (2022)
Expenses
$2,994,996 (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: $2,870,200
  • Gross Receipts: $2,870,200

Assets and Liabilities:

  • Total Assets: $91,963
  • Total Liabilities: $360,086
  • Net Assets: -$268,123

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Programs

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

MEMBERSHIP DUES & OTHE

Revenue

$2,870,200

Organization Details

Founding Year

2016

Principal Officer

Scott Crockett

Main Address

P O BOX 651355, POTOMAC FALLS, VA, 20165

NTEE Category

Code: S46 - Community improvement

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