Overview
What is Innovative Lending Platform Association?
The Innovative Lending Platform Association, headquartered in Arlington, Virginia, serves as a prominent trade organization representing various online lending and service companies devoted to supporting small businesses in the United States. With a shared commitment to the well-being and prosperity of small businesses, the association strives to promote responsible innovation and accessible capital. To achieve this goal, the Innovative Lending Platform Association offers insight into both legislative and regulatory developments affecting small business financing at the federal and state levels. Furthermore, they coordinate programs and activities for members to educate policymakers and regulators on the potential impacts of policy changes on America's small businesses.
Official website here: www.innovativelending.org
Is Innovative Lending Platform Association legitimate?
Innovative Lending Platform Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Innovative Lending Platform Association 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: $287,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.innovativelending.org
What is the mission statement of Innovative Lending Platform Association?
The Innovative Lending Platform Association (ILPA) serves as a leading organization representing various online lending and service companies, all committed to the well-being and prosperity of small businesses in the United States. The ILPA is dedicated to promoting best practices and standards that encourage responsible innovation and facilitate easy access to capital for these enterprises. By doing so, the association aims to support the growth and success of small businesses across America.
Official website here: www.innovativelending.org
Who is the CEO of Innovative Lending Platform Association?
Scott Stewart is the President of Innovative Lending Platform Association. The CEO's salary of Innovative Lending Platform Association is $287,438 and their total compensation is $287,438.
Official website here: www.innovativelending.org
What is the revenue of Innovative Lending Platform Association?
Innovative Lending Platform Association's revenue in 2022 was $726,500.
Official website here: www.innovativelending.org
Who are the executives of Innovative Lending Platform Association and what are their salaries?
The average compensation at Innovative Lending Platform Association during 2022 was $287,438. There is 1 employee and 10 volunteers at Innovative Lending Platform Association.
Here are 9 key members and their salaries (Innovative Lending Platform Association's CEO's salary is $287,438 and their total compensation is $287,438):
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- Compensation: $287,438
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Official website here: www.innovativelending.org
Where can I find the form 990 for Innovative Lending Platform Association?
Innovative Lending Platform Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovativelending.org
Learn more at the official website: www.innovativelending.org
Mission Statement of Innovative Lending Platform Association
The Innovative Lending Platform Association (ILPA) serves as a prominent trade organization, representing a diverse group of online lending and service companies with a shared commitment to the well-being and prosperity of small businesses in the United States. This association is dedicated to promoting best practices and standards that foster responsible innovation and ensure accessible capital for small businesses. The ILPA's mission is to support the health and success of these enterprises, playing a crucial role in advancing the online lending sector and the small businesses it serves.
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Impact
October, 2024
The Innovative Lending Platform Association (ILPA) plays a significant role in shaping the landscape of small business financing in the United States. By providing its members with insights into state and federal legislative and regulatory developments, ILPA ensures that online lending and service companies are well-informed and can adapt to changes that affect their operations and the businesses they serve.
ILPA actively coordinates educational programs and initiatives that inform regulators and lawmakers about the impact of policy changes on small businesses. This advocacy fosters a better understanding of the unique needs and challenges faced by these enterprises, promoting a more favorable regulatory environment conducive to growth and innovation.
Furthermore, ILPA's commitment to best practices and standards supports responsible lending, reinforcing the importance of ethical conduct in the industry. By aligning its efforts with the health and success of small businesses, ILPA not only aids in expanding access to capital but also enhances the overall economic landscape, ultimately benefiting local communities and the economy as a whole.
This information is meant to be a general summary of Innovative Lending Platform Association. 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.
- Program Service Revenue: $726,500
- Gross Receipts: $726,500
Assets and Liabilities:
- Total Assets: $206,909
- Total Liabilities: $23,238
- Net Assets: $183,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$631,500
SPECIAL ASSESSMENT
Revenue
$95,000
Organization Details
Founding Year
2016
Phone
(202) 615-5151Principal Officer
Scott Stewart
Main Address
CO ONDECK 901 N STUART ST 700, ARLINGTON, VA, 22203
Website
www.innovativelending.orgNTEE Category
Code: S40 - Community improvement
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