2024-08-06T16:18:47-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-04-01 430493480 ST LOUIS ASSOCIATION OF CREDIT MANAGEMENT STLO 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 PHILLIP LATTANZIO PRESIDENT 8474836405 2024-08-02 1 0 THURE ROSS CPA P00577278 6305738600 2024-08-01 2023 2024-08-08 14:25:15Z PHILLIP LATTANZIO 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 123593 0 X WWW.NACMGATEWAY.ORG X 1910 MO TO PROVIDE A FORUM TO ITS MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING AND BUSINESS RESOURCES. 17 17 0 17 0 0 82048 79622 34870 43971 0 0 0 0 116918 123593 0 0 0 0 13989 9275 0 0 0 84230 97090 98219 106365 18699 17228 1011401 1027499 1593303 1720823 -581902 -693324 TO PROVIDE A FORUM TO MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING, AND BUSINESS RESOURCES. 0 0 85515 43971 EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT,FRAUD PREVENTION, AND OTHER COMMERCIAL CREDIT MATTERS BY CONDUCTING CONFERENCES, SEMINARS AND TRAINING, INCLUDING THE SALE OF RELATED BOOKS & PUBLICATIONS; A FORUM FOR NETWORKING. 85515 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 1 0 X KERRY JENSEN 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 KEVIN STINNER COUNCILOR 0.50 1.50 X 0 0 0 BRENDON MISIK CHAIR 0.50 1.50 X X 0 0 0 BRENT HEIZELMAN VICE CHAIR 0.50 1.50 X X 0 0 0 CURTIS LITCHFIELD DIRECTOR 0.50 1.50 X 0 0 0 JOSEPH LANGE DIRECTOR 0.50 1.50 X 0 0 0 JEFF WEBER TREASURER 0.50 1.50 X X 0 0 0 ALICJA GORSKI DIRECTOR 0.50 1.50 X 0 0 0 JIM HUSHKA DIRECTOR 0.50 1.50 X 0 0 0 DEB ROLLMAN DIRECTOR 0.50 1.50 X 0 0 0 DALE SEMPLE DIRECTOR 0.50 1.50 X 0 0 0 JARED SILVER DIRECTOR 0.50 1.50 X 0 0 0 REGINA STRICKLIN DIRECTOR 0.50 1.50 X 0 0 0 SHELBY COCKCROFT DIRECTOR 0.50 1.50 X 0 0 0 MARTINE DYER DIRECTOR 0.50 1.50 X 0 0 0 KENDRA GERDES DIRECTOR 0.50 1.50 X 0 0 0 JORDAN PELOQUIN DIRECTOR 0.50 1.50 X 0 0 0 CAROLINE PERKINS DIRECTOR 0.50 1.50 X 0 0 0 PHILLIP LATTANZIO PRESIDENT 5.00 35.00 X 0 193984 22434 KERRY JENSEN SECRETARY/CFO 5.00 35.00 X 0 137694 4276 LILLIAN NOVAK CHIEF COMMUNICATIONS OFFIC 5.00 35.00 X 0 126153 2122 DARREN GREENE CREDIT SOLUTIONS CONSULTAN 5.00 35.00 X 0 121984 17313 GREGORY STEINKOENIG MANAGER OF CREDIT SOLUTION 5.00 35.00 X 0 135234 21885 0 715049 68030 0 0 1 0 0 79622 79622 EDUCATION/SEMINARS 611710 43971 43971 43971 123593 43971 0 0 8440 8440 165 165 670 670 492 246 246 37336 37336 874 437 437 ADMIN. EXPENSE ALLOCATI 39601 20593 19008 BUREAU ASSESSMENT 16871 16871 NON-RENEWAL WRITE-OFF 1159 1159 BOOKS AND PUBLICATIONS 757 757 106365 85515 20850 0 915 1010486 1027499 1011401 1027499 1215 48092 45745 1545211 1673863 1593303 1720823 X -581902 -693324 -581902 -693324 1011401 1027499 X 17228 -128650 X X 0 1 X 1 0 X 99786 89817 82667 82048 79622 433940 52539 23213 25557 34870 43971 180150 152325 113030 108224 116918 123593 614090 0 0 0 614090 152325 113030 108224 116918 123593 614090 1.00000 1.00000 0.00000 X 0 DUE FROM AFFILIATES 1027499 1027499 CLOSELY HELD EQUITY INVESTMENT 1673863 1673863 X PART X, LINE 2: THE ORGANIZATION CONSISTS OF BOTH NOT-FOR-PROFIT ASSOCIATIONS, FOR-PROFIT SUBSIDIARIES, AND A LIMITED LIABILITY COMPANY (LLC). THE ASSOCIATIONS ARE NOT-FOR-PROFIT ENTITIES, DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT FOR THE ST. LOUIS ASSOCIATION OF CREDIT MANAGEMENT, WHICH IS DESCRIBED IN SECTION 501(C)(3) AND ARE EXEMPT FROM INCOME TAXES, EXCEPT TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MARCH 31, 2024 AND 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES FOR THE ASSOCIATIONS IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SUBSIDIARIES ARE SUBJECT TO INCOME TAXES, AND USE THE ASSET/LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES. THE ORGANIZATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF MARCH 31, 2024 AND 2023. 1 0 0 0 0 0 0 0 0 0 PHILLIP LATTANZIO PRESIDENT 0 172006 0 21978 0 0 0 2888 0 19546 0 216418 0 0 GREGORY STEINKOENIG MANAGER OF CREDIT SOLUTION 0 64596 0 3001 0 67637 0 1478 0 20407 0 157119 0 0 PART I, LINE 3 SERVICES FOR THE ORGANIZATION ARE PERFORMED BY EMPLOYEES OF CHICAGO-MIDWEST CREDIT SERVICE CORP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS AN ASSOCIATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS ONLY ONE TYPE OF MEMBER. THE MEMBERSHIP IS MADE UP OF PROFESSIONALS IN THE BUSINESS CREDIT AND FINANCIAL MANAGEMENT FIELDS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CHANGES TO THE ORGANIZATION'S GOVERNING DOCUMENTS ARE SUBJECT TO A MEMBER VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT BASED ON INFORMATION PROVIDED BY MANAGEMENT. FORM 990 IS INSPECTED BY THE VICE PRESIDENT OF FINANCE AND THE PRESIDENT/CHIEF OPERATING OFFICER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE PRESIDENT. THE PRESIDENT DETERMINES THE SALARIES OF OTHER OFFICERS/KEY EMPLOYEES DURING AN ANNUAL REVIEW PROCESS. OFFICER COMPENSATION IS PAID BY THE ASSOCIATION'S WHOLLY-OWNED, FOR-PROFIT SUBSIDIARY, CHICAGO-MIDWEST CREDIT SERVICE CORP. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX FILINGS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENT YEAR DECREASE IN BOOK VALUE OF SUBSIDIARY -128,650. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. 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