Nonprofit · EIN 52-6054211
EQUIPMENT LEASING AND FINANCE ASSOCIATION INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,926,687 | $12,698,597 | -$771,910 | $22,457,898 | $8,971,885 | $13,486,013 |
| December 31, 2023 | 990 | $11,475,598 | $11,941,551 | -$465,953 | $23,220,997 | $9,903,597 | $13,317,400 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,251,433
- Investment income
- $574,363
- Royalties
- $93,803
- Net gain from sales of assets
- $95,612
- Other revenue
- $100,891
Expenses
- Grants and similar amounts paid
- $158,000
- Compensation of officers, directors and key employees
- $1,903,986
- Other salaries and wages
- $2,298,014
- Salaries, compensation and benefits (total)
- $4,839,297
- Professional fundraising fees
- $0
- Legal fees
- $32,234
- Accounting fees
- $151,497
- Occupancy
- $592,998
- Travel
- $402,531
- Depreciation
- $75,214
Balance sheet and other
- Total assets, start of year
- $23,220,997
- Total assets, end of year
- $22,457,898
- Total liabilities, end of year
- $8,971,885
- Net assets, end of year
- $13,486,013
- Land, buildings and equipment
- $436,236
- Publicly traded securities
- $6,956,716
- Net assets without donor restrictions
- $13,486,013
- Gross unrelated business income
- $64,008
- Gross receipts
- $13,576,298
- Employees
- 27
- Volunteers
- 775
- Year formed
- 1961
- State of legal domicile
- MD
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEIGH LYTLE | PRESIDENT & CEO Officer | 35.5 | $615,170 | $61,726 |
| RALPH PETTA | FORMER PRESIDENT & CEO Former | 35.5 | $518,988 | $20,235 |
| ANDREW FISHBURN | VP, FED GOV RELATIONS Key employee | 37.5 | $362,129 | $32,300 |
| SCOTT RIEHL | VP, STATE GOV RELATIONS (THRU 09/30/24) Key employee | 37.5 | $350,066 | $19,355 |
| JEFFREY QUIGLEY | CFO Officer | 37.5 | $209,929 | $59,059 |
| AMY VOGT | VP, COMM & MARKETING Highest-paid employee | 37.5 | $210,501 | $34,708 |
| LISA RAMIREZ | VP, BUSINESS & PROF DEV Highest-paid employee | 37.5 | $176,430 | $29,192 |
| JULIE BENSON | VP, MEM MARKETING Highest-paid employee | 37.5 | $172,447 | $29,277 |
| EDWARD ROSEN | SECRETARY, DIR. OF GOV. (THRU 12/31/24) Trustee or director, Officer | 37.5 | $123,305 | $70,947 |
| WILLIAM CHOI | VP, RES & IND STUDIES (THRU 12/31/24) Highest-paid employee | 37.5 | $159,156 | $26,854 |
| ALEXA CARNIBELLA | DIRECTOR, PROF DEV Highest-paid employee | 37.5 | $144,896 | $38,499 |
| ROBERT L BOYER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JAMES CRESS | CHAIR ELECT Trustee or director, Officer | 3 | $0 | $0 |
| ROBERT C NEAGLE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DEBORAH BAKER | FIRST VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATE GIBBONS | SECOND VICE CHAIR Trustee or director, Officer | 3 | $0 |
| JEFFRY ELLIOTT | TREASURER Trustee or director, Officer | 4 | $0 |
| JON BIORKMAN | DIRECTOR Trustee or director | 2 | $0 |
| KATHLEEN CANUM | DIRECTOR Trustee or director | 2 | $0 |
| DEBRA R DEVASSY BABU | DIRECTOR Trustee or director | 2 | $0 |
| DAVID M DRURY | DIRECTOR Trustee or director | 2 | $0 |
| KATIE EMMEL | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN W ESCHMANN | DIRECTOR Trustee or director | 2 | $0 |
| ERIC GROSS | DIRECTOR Trustee or director | 2 | $0 |
| RANDY HAUG | DIRECTOR Trustee or director | 2 | $0 |
| MATT IACOBUCCI | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTOPHER JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| BRAD PETERSON | DIRECTOR Trustee or director | 2 | $0 |
| KIRK S PHILLIPS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL ROMANOWSKI | DIRECTOR Trustee or director | 2 | $0 |
| JAYMA SANDQUIST | DIRECTOR Trustee or director | 2 | $0 |
| NICK SMALL | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE SPERANZA | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT M WAX | DIRECTOR Trustee or director | 2 | $0 |
| STEVE WHITE | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE J WINTER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RALPH PETTA | PRESIDENT & CEO (THRU 12/31/23) Officer | 35.5 | $739,102 | $74,278 |
| ANDREW FISHBURN | VP, FED GOV RELATIONS Key employee | 37.5 | $336,606 | $32,136 |
| SCOTT RIEHL | VP, STATE GOV RELATIONS Key employee | 37.5 | $269,943 | $23,091 |
| JEFFREY QUIGLEY | CFO Officer | 37.5 | $200,944 | $53,670 |
| AMY VOGT | VP, COMM & MARKETING Highest-paid employee | 37.5 | $193,820 | $31,129 |
| LISA RAMIREZ | VP, BUSINESS & PROF DEV Highest-paid employee | 37.5 | $179,905 | $23,826 |
| JULIE BENSON | VP, MEM MARKETING Highest-paid employee | 37.5 | $162,879 | $25,367 |
| MATTHEW HART | DIRECTOR, FED GOV RELATIONS Highest-paid employee | 37.5 | $149,468 | $38,170 |
| WILLIAM CHOI | VP, RESEARCH & INDUSTRY STUDIES Highest-paid employee | 37.5 | $152,140 | $33,306 |
| EDWARD ROSEN | SECRETARY Trustee or director, Officer | 37.5 | $118,614 | $61,306 |
| LEIGH LYTLE | PRESIDENT & CEO (BEG 12/4/23) Officer | 35.5 | $93,749 | $0 |
| ROBERT C NEAGLE | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| ROBERT L BOYER | CHAIR ELECT Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL DICECCO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JAMES CRESS | FIRST VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DEBORAH BAKER | SECOND VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DANIEL J KRAJEWSKI | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| JON BIORKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHLEEN CANUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBRA R DEVASSY BABU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID M DRURY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK DUNCAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN W ESCHMANN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID P FARRELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RJ GRIMSHAW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIC GROSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMY M GROSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD PETERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIRK S PHILLIPS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICARDO A RIOS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRY J RIPES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL ROMANOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAYMA SANDQUIST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICK SMALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID J VERKINDEREN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT M WAX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE J WINTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1625 EYE STREET NW SUITE 850, WASHINGTON, DC 20006-4123
- In care of
- % PAUL STILP
- Principal officer (990 for 2024)
- LEIGH LYTLE, 1625 EYE ST NW 850, WASHINGTON, DC 20006
- Signed the 990
- JEFFREY QUIGLEY, CFO
- Phone
- (202) 238-3400
- Website
- WWW.ELFAONLINE.ORG
- Return prepared by
- RSM US LLP
Mission
THE ASSOCIATION EXISTS TO PROMOTE AND REPRESENT THE GENERAL INTERESTS OF THE EQUIPMENT LEASING AND FINANCING INDUSTRY, PROVIDE PROGRAMS OF BENEFIT TO THE INDUSTRY AND ITS MEMBERS, PROVIDE INFORMATION, EDUCATION AND COMMUNICATIONS TO THE MEMBERSHIP AND THE PUBLIC, LEAD IN THE RESOLUTION OF GENERAL INDUSTRY PROBLEMS, AND PROMOTE HIGH STANDARDS OF BUSINESS PRACTICES WITHIN THE INDUSTRY.
Program accomplishments
- BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE.
- PROFESSIONAL DEVELOPMENT - RAISING THE COMPETENCY OF INDUSTRY PROFESSIONALS THROUGH A COMBINATION OF FACE-TO-FACE CONFERENCES AND VARIOUS TECHNOLOGY CHANNELS.
- ADVOCACY AND COMMUNICATIONS - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS, AND STANDARD SETTERS.
- INDUSTRY KNOWLEDGE - DELIVERING KNOWLEDGE THROUGH INDUSTRY PERFORMANCE STATISTICS, SPECIFIC BENCHMARKING REPORTS AND SPECIFIC TARGET MARKET ANALYSIS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-6054211
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,457,898
- Income (IRS master file)
- $13,576,298
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,926,687 | $12,698,597 | $22,457,898 | IRS |
| 990 | December 2023 | $11,475,598 | $11,941,551 | $23,220,997 | XML |
| 990 | December 2022 | $10,900,154 | $10,186,386 | $22,830,454 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-6054211).
Questions about EQUIPMENT LEASING AND FINANCE ASSOCIATION INC
- What is the EIN of EQUIPMENT LEASING AND FINANCE ASSOCIATION INC?
- The employer identification number (EIN) of EQUIPMENT LEASING AND FINANCE ASSOCIATION INC is 52-6054211.
- Is EQUIPMENT LEASING AND FINANCE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1963.
- Are donations to EQUIPMENT LEASING AND FINANCE ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EQUIPMENT LEASING AND FINANCE ASSOCIATION 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 EQUIPMENT LEASING AND FINANCE ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EQUIPMENT LEASING AND FINANCE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EQUIPMENT LEASING AND FINANCE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names LEIGH LYTLE.
- Who are the officers and directors of EQUIPMENT LEASING AND FINANCE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 36 people; 11 received compensation from the organization, the highest $615,170 (LEIGH LYTLE, PRESIDENT & CEO).
- How much revenue does EQUIPMENT LEASING AND FINANCE ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,926,687, expenses of $12,698,597 and total assets of $22,457,898 at year end.
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