2024-11-15T17:14:08-06:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 541527848 EQUIPMENT LEASING & FINANCE FOUNDATION INC EQUI 2022383400 1625 EYE STREET NW 850 WASHINGTON DC 20006 KELLI J NIENABER EXECUTIVE DIRECTOR 2022383400 2024-11-15 1 0 MEREDITH BELL P01696827 8042822121 2024-11-15 2023 2024-10-15 13:58:12Z LEIGH LYTLE 1625 EYE STREET NW 850 WASHINGTON DC 20006 848445 0 X WWW.LEASEFOUNDATION.ORG X 1989 DC TO PROVIDE FUTURE-ORIENTED, IN-DEPTH, INDEPENDENT RESEARCH AND RESOURCES FOR THE EQUIPMENT FINANCE INDUSTRY. 19 18 0 70 0 0 837546 818218 0 0 51263 26115 137 0 888946 844333 297000 25000 0 0 447354 432046 0 0 64980 323034 465624 1067388 922670 -178442 -78337 1533930 1226745 680680 306037 853250 920708 X SEE SCHEDULE O. 0 0 381417 ECONOMIC OUTLOOK - THE ECONOMIC OUTLOOK REPORT SERIES ANALYZES GLOBAL AND DOMESTIC TRENDS IMPACTING CAPITAL SPENDING AND ECONOMIC GROWTH IN THE COMING YEAR. IT IDENTIFIES KEY SIGNPOSTS SPECIFIC TO THE EQUIPMENT FINANCE INDUSTRY AND FEATURES MOMENTUM MONITORS THAT IDENTIFY TURNING POINTS FOR 12 VERTICALS IN THEIR RESPECTIVE INVESTMENT CYCLES. THE OUTLOOKS ARE UPDATED QUARTERLY. 279913 25000 RESEARCH STUDIES - THE FOUNDATION DEVELOPS AND PUBLISHES FUTURE FOCUSED RESEARCH TO IDENTIFY TRENDS AND TECHNIQUES FORTHCOMING TO THE INDUSTRY. 153038 SPECIAL PROJECTS INCLUDES LIMITED OR ONE-TIME EXPENSES FOR SHARING AND PROMOTING OUR RESEARCH AND RESOURCES WITH OUR DONOR COMMUNITY THROUGH DIGITAL COMMUNICATIONS. 814368 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AR FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X JEFF QUIGLEY 2022383400 1625 EYE STREET NW 850 WASHINGTON DC 20006 RALPH PETTA PRESIDENT (THRU 12/4/23) 2.00 35.50 X X 0 739102 74278 LEIGH LYTLE PRESIDENT (BEG 12/4/23) 2.00 35.50 X X 0 93749 0 NANCY PISTORIO CHAIR 2.00 X X 0 0 0 ZACK MARSH VICE CHAIR 2.00 X X 0 0 0 MILES HERMAN TREASURER 2.00 X X 0 0 0 SCOTT THACKER IMMEDIATE PAST CHAIR (THRU 12/4/23) 2.00 X X 0 0 0 ANDREW BLACKLOCK TRUSTEE 2.00 X 0 0 0 PETER BULLEN TRUSTEE 2.00 X 0 0 0 JIM DEFRANK TRUSTEE (BEG 12/4/23) 2.00 X 0 0 0 JEFF DICOSOLA TRUSTEE (BEG 12/4/23) 2.00 X 0 0 0 CHRISTOPHER ENBOM TRUSTEE (THRU 12/4/23) 2.00 X 0 0 0 CINDY FLECK TRUSTEE 2.00 X 0 0 0 VALERIE GERARD TRUSTEE 2.00 X 0 0 0 MARTIN KLOTZMAN TRUSTEE (BEG 12/4/23) 2.00 X 0 0 0 SHARI LIPSKI TRUSTEE 2.00 X 0 0 0 MARK LOKEN TRUSTEE 2.00 X 0 0 0 DAVID NORMANDIN TRUSTEE 2.00 X 0 0 0 RICKY RIOS TRUSTEE 2.00 X 0 0 0 NANCY ROBLES TRUSTEE 2.00 X 0 0 0 WILLIAM TEFFT TRUSTEE 2.00 X 0 0 0 THOMAS WARE TRUSTEE (THRU 12/4/23) 2.00 X 0 0 0 BONNIE WRIGHT TRUSTEE (THRU 12/4/23) 2.00 X 0 0 0 DONNA YANUZZI TRUSTEE 2.00 X 0 0 0 KELLI J NIENABER EXECUTIVE DIRECTOR 37.50 X 176627 0 17400 176627 832851 91678 1 0 1 0 KEYBRIDGE RESEARCH LLC 3050 K STREET NW SUITE 220 WASHINGTON DC 20007 RESEARCH 108750 1 55090 763128 818218 30227 30227 4112 -4112 -4112 -4112 844333 0 0 26115 25000 25000 194028 157681 14539 21808 185507 150757 13900 20850 14786 12016 1108 1662 10877 8840 815 1222 26848 21818 2012 3018 6831 5585 498 748 37625 30761 2747 4117 38212 31242 2788 4182 779 634 58 87 26529 21559 1988 2982 9638 7833 722 1083 21542 17507 1614 2421 RESEARCH 317350 317350 CREDIT CARD SERVICE CHA 7118 5785 533 800 922670 814368 43322 64980 389096 52947 5000 10000 1139834 1163798 1533930 1226745 22556 74630 285082 0 373042 231407 680680 306037 X 853250 920708 853250 920708 1533930 1226745 -78337 130680 15115 0 X X 0 1 X 1 0 X X 1 EQUIPMENT LEASING AND FINANCE ASSOCIATION 526054211 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 3B: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF SUPPORTED ORGANIZATION REVENUES AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF THE SECTION 509(A)(2) PUBLIC SUPPORT TEST. SCHEDULE A, PART IV, SECTION A, LINE 3C: EQUIPMENT LEASING AND FINANCE FOUNDATION DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE EDUCATIONAL CHARITABLE AND RESEARCH PURPOSES OF THE ORGANIZATION IT SUPPORTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO ELFA 231407 231407 X 1000929 130680 32747 163427 837502 6831 6831 844333 948586 32747 32747 915839 6831 6831 922670 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER IRC SECTION 501(C)(6). THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER IRC SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE PAC IS ORGANIZED AND IS EXEMPT FROM TAX UNDER IRC SECTION 527. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. 0 SCHOLARSHIP PROGRAM 5 25000 0 0 0 0 0 0 0 0 0 RALPH PETTA PRESIDENT (THRU 12/4/23) 0 602145 0 132013 0 4944 0 49500 0 24778 0 813380 0 0 KELLI J NIENABER EXECUTIVE DIRECTOR 158620 0 17009 0 998 0 14350 0 3050 0 194027 0 0 0 PART I, LINE 3 EQUIPMENT LEASING AND FINANCE ASSOCIATION, A RELATED ORGANIZATION, USES A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE OFFICER'S AND KEY EMPLOYEES OF THE ORGANIZATION. SCHEDULE J, PART II EMPLOYEES LISTED IN PART VII, SECTION A AND SCHEDULE J, PART II ARE COMPENSATED BY SUPPORTED ORGANIZATION, EQUIPMENT LEASING & FINANCE ASSOCIATION. FORM 990, PART III, LINE 1, CONTINUATION OF ORGANIZATION MISSION: THE FOUNDATION WAS FORMED FOR THE BENEFIT OF AND TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF THE EQUIPMENT LEASING AND FINANCE ASSOCIATION, INC. THE FOUNDATION WAS INCORPORATED TO PROMOTE THE GROWTH AND EFFECTIVENESS OF EQUIPMENT LEASING AND FINANCE THROUGH PROGRAMS THAT IDENTIFY, STUDY AND REPORT ON CRITICAL ISSUES AFFECTING THE INDUSTRY, AND A STUDENT SCHOLARSHIP PROGRAM. ITS MAIN PURPOSE IS TO CONDUCT RESEARCH THAT WILL CONTRIBUTE TO A BETTER UNDERSTANDING OF THE VITAL AND INNOVATIVE ROLE PLAYED BY EQUIPMENT LEASING IN THE AMERICAN AND INTERNATIONAL ECONOMIES. THE FOUNDATION DEVELOPS INDEPENDENT RESEARCH REPORTS AND STUDIES THAT WILL PROMOTE THE SUCCESS AND PRODUCTIVITY OF EQUIPMENT LEASING, THEREBY ENABLING EQUIPMENT LEASING TO BETTER SERVE THE PUBLIC. IT ALSO PROMOTES THE BENEFITS OF THE INDUSTRY TO THE GENERAL PUBLIC, AND SPECIFICALLY TO STUDENTS, THROUGH A GUEST LECTURE PROGRAM DESIGNED TO RAISE AWARENESS AND ATTRACT NEW TALENT TO THE INDUSTRY'S WORKFORCE. FORM 990, PART VI, SECTION A, LINE 7B THE POWER TO APPROVE AND REMOVE MEMBERS OF THE GOVERNING BODY OF THE FOUNDATION IS VESTED WITH THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE OF THE EQUIPMENT LEASING AND FINANCE ASSOCIATION, A RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S EXECUTIVE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REVIEWS THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE BOARD. BOARD MEMBERS ARE ALSO EXPECTED TO DISCLOSE STATUS CHANGES AND/OR A CONFLICT THAT ARISES DURING THE YEAR. IN THE EVENT THAT THE FOUNDATION DISCOVERED THAT A MEMBER OF THE GOVERNING BODY HAD A CONFLICT OF INTEREST, THE FOUNDATION'S POLICY ON CONFLICTS OF INTEREST WOULD REQUIRE THAT THE PERSON NOT SOLICIT THE TRANSACTION, NOT TAKE PART IN NEGOTIATING, RENEGOTIATING, AMENDING OR APPROVING THE TRANSACTION, NOT EXERCISE ANY RECOMMENDING OR DECISION-MAKING AUTHORITY ARISING FROM HIS OR HER POSITION WITH ELFF, AND NOT EXERCISE ANY PERSONAL INFLUENCE WITH THE BOARD OF TRUSTEES OR WITH ANY OTHER MANAGER OR EMPLOYEE OR ELFF OR ANY ENTITY CONTROLLED BY ELFF IN THE DEPOSITION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM IS RETAINED BY EQUIPMENT LEASING & FINANCE ASSOCIATION, THE SUPPORTED ORGANIZATION, AS NEEDED TO PROVIDE COMPARABILITY DATA AND ADVISE ON MANAGEMENT SALARIES. THE DATA IS REVIEWED AND APPROVED BY THE PERSONNEL COMMITTEE. THE PRESIDENT'S LAST COMPENSATION REVIEW WAS HELD IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. EQUIPMENT LEASING AND FINANCE ASSOCIATION INC 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 526054211 PROMOTE INTEREST & PROVIDE PROGRAMS REGARDING LEASING MD 501(C)(6) N/A 0 EQUIPMENT LEASING AND FINANCE ASSOCIATION PAC (LEASEPAC) 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541611789 POLITICAL ACTION COMMITTEE DC 527 EQUIPMENT LEASING AND FINANCE ASSOCIATION 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 EQUIPMENT LEASING AND FINANCE ASSOCIATION INC O 362135 CASH EQUIPMENT LEASING AND FINANCE ASSOCIATION INC N 32747 CASH EQUIPMENT LEASING AND FINANCE ASSOCIATION INC C 55090 CASH