Nonprofit · EIN 46-5658593
COMMERCIAL COLLECTION AGENCIES OF AMERICA INC
Tax-exempt · ARLINGTON HTS, IL 60006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $342,785 | $372,044 | -$29,259 | $54,728 | $12,008 | $42,720 |
| May 31, 2024 | 990 | $346,200 | $351,699 | -$5,499 | $80,069 | $8,195 | $71,874 |
| May 31, 2023 | 990 | $284,908 | $314,579 | -$29,671 | $116,424 | $39,051 | $77,373 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $338,655
- Investment income
- $5
- Other revenue
- $4,125
Expenses
- Grants and similar amounts paid
- $500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11
- Accounting fees
- $8,400
- Travel
- $12,414
Balance sheet and other
- Total assets, start of year
- $80,069
- Total assets, end of year
- $54,728
- Total liabilities, end of year
- $12,008
- Net assets, end of year
- $42,720
- Net assets without donor restrictions
- $33,970
- Net assets with donor restrictions
- $8,750
- Gross receipts
- $342,785
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2014
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED WASSERSPRING | TREASURER Trustee or director, Officer | 2 | $0 |
| HUMBERTO MATZ | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JIM MCDERMOTT | DIRECTOR Trustee or director | 2 | $0 |
| TOM CLAYBAUGH | DIRECTOR Trustee or director | 2 | $0 |
| STEVE RAUCH | SECRETARY Trustee or director, Officer | 2 | $0 |
| JULIE HAYSLEY | DIRECTOR Trustee or director | 2 | $0 |
| ALEX ROSEN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MEG SCOTTY | STANDARDS BOARD LIAISON Officer | 2 | $0 |
| PETE ROTH | FORMER PRESIDENT Officer | 2 | $0 |
| ANNETE WAGGONER | EXECUTIVE DIRECTOR Officer | 30 | $0 |
990 for the year ended May 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM MCDERMOTT | DIRECTOR Trustee or director | 2 | $0 |
| TOM CLAYBAUGH | DIRECTOR Trustee or director | 2 | $0 |
| JULIE HAYSLEY | DIRECTOR Trustee or director | 2 | $0 |
| FRED WASSERSPRING | TREASURER Officer | 2 | $0 |
| MEG SCOTTY | STANDARDS BOARD LIAISON Officer | 2 | $0 |
| PETE ROTH | FORMER PRESIDENT Officer | 2 | $0 |
| HUMBERTO MATZ | PRESIDENT Officer | 2 | $0 |
| STEVE RAUCH | SECRETARY Officer | 2 | $0 |
| ANNETTE WAGGONER | EXECUTIVE DIRECTOR Officer | 30 | $0 |
| DAVID HERER | FORMER SECRETARY Officer | 2 | $0 |
990 for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM CLAYBAUGH | DIRECTOR Trustee or director | 2 | $0 |
| STEVE RAUCH | DIRECTOR Trustee or director | 2 | $0 |
| JIM MCDERMOTT | DIRECTOR Trustee or director | 2 | $0 |
| FRED WASSERSPRING | TREASURER Officer | 2 | $0 |
| MEG SCOTTY | STANDARDS BOARD LIAISON Officer | 2 | $0 |
| PETE ROTH | PRESIDENT Officer | 2 | $0 |
| HUMBERTO MATZ | VICE PRESIDENT Officer | 2 | $0 |
| DAVID HERER | SECRETARY Officer | 2 | $0 |
| ANNETTE WAGGONER | EXECUTIVE DIRECTOR Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1695, ARLINGTON HTS, IL 60006-1695
- Principal officer (990 for 2024)
- FRED WASSERSPRING, 1040 S ARLINGTON HEIGHTS RD, ARLINGTON HEIGHTS, IL 60005
- Signed the 990
- FRED WASSERSPRING, TREASURER
- Phone
- (516) 816-6445
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
THE ORGANIZATION'S PURPOSE IS TO DISSEMINATE INFORMATION TO ITS MEMBERS ON THE COMMERCIAL COLLECTION INDUSTRY. THE ORGANIZATION PROVIDES EDUCATION TO ITS MEMBER COMPANIES ON COLLECTION TECHNIQUES AND THE REGULATORY REQUIREMENTS IN CONTACTING DEBTORS. THE ORGANIZATION PUT ON EDUCATIONAL SESSIONS AT THE CONFERENCES AS WELL AS ROUNDTABLE DISCUSSIONS WITH VARIOIUS REGULATORS FROM VARIOUS STATES. MEMBERS CONSIST OF COMMERCIAL COLLECTION AGENCIES AS WELL AS COLLECTION ATTORNEYS WHO PROVIDE LEGAL COLLECTION SERVICES TO THE AGENCIES.
Program accomplishments
- CONFERENCE - OFFERING EDUCATIONAL SESSIONS WITH COLLECTION TECHNIQUES AND REGULATORY REQUIREMENTS AND ROUND TABLES WHICH ALLOW MEMBER COMPANIES TO PARTICIPATE IN DISCUSSIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5658593
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $54,728
- Income (IRS master file)
- $342,785
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $342,785 | $372,044 | $54,728 | XML |
| 990 | May 2024 | $346,200 | $351,699 | $80,069 | XML |
| 990 | May 2023 | $284,908 | $314,579 | $116,424 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5658593).
Questions about COMMERCIAL COLLECTION AGENCIES OF AMERICA INC
- What is the EIN of COMMERCIAL COLLECTION AGENCIES OF AMERICA INC?
- The employer identification number (EIN) of COMMERCIAL COLLECTION AGENCIES OF AMERICA INC is 46-5658593.
- Is COMMERCIAL COLLECTION AGENCIES OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2016.
- Are donations to COMMERCIAL COLLECTION AGENCIES OF AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMERCIAL COLLECTION AGENCIES OF AMERICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMERCIAL COLLECTION AGENCIES OF AMERICA INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMERCIAL COLLECTION AGENCIES OF AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of COMMERCIAL COLLECTION AGENCIES OF AMERICA INC?
- The 990 for the year ended May 31, 2025 names FRED WASSERSPRING.
- Who are the officers and directors of COMMERCIAL COLLECTION AGENCIES OF AMERICA INC?
- The 990 for the year ended May 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does COMMERCIAL COLLECTION AGENCIES OF AMERICA INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $342,785, expenses of $372,044 and total assets of $54,728 at year end.
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