Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
42 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $70K paid to officers and key staff.
Gregory Slowik’s $70K as Board Member/CFO/Brd Sec & Treas is at the 65th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gregory Slowik | $69,996 | $69,996 | $69,996 | $69,996 | $69,996 | $69,996 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds training programs for secured finance professionals.
Questions for Secured Finance Foundation
Your first name shows with your question. Secured Finance Foundation answers here, for everyone.
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Raised funds for the secured finance network,inc. Corporate learning and development program - a training program that will be used to educate professionals in the near future.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $440K | $58K |
| InvestmentsLn 11–13 | $172K | $257K |
| Total assetsLn 16 | $717K | $548K |
| LiabilitiesLn 26 | $645K | $528K |
| Net assetsLn 32 | $72K | $20K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Legal feesLn 11b | $5K | $5K | ||
| Accounting feesLn 11c | $8K | $8K | ||
| Investment management feesLn 11f | $3K | $3K | ||
| Other fees for servicesLn 11g | $153K | $153K | ||
| Office expensesLn 13 | $75 | $75 | ||
| OccupancyLn 16 | $30K | $30K | ||
| TravelLn 17 | $1K | $1K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $234K | $164K | $70K | |
| All other expensesLn 24e | $25K | $24K | $1K | |
| Total functional expensesLn 25 | $466K | $194K | $272K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $911K | $675K | $237K | $843K | 990 PDF |
| FY2024 | $794K | $582K | $212K | $591K | 990 PDF |
| FY2023 | $760K | $651K | $110K | $344K | 990 PDF |
| FY2022 | $713K | $599K | $114K | $210K | 990 PDF |
| FY2021 | $488K | $389K | $98K | $132K | 990 PDF |
| FY2020 Viewing | $401K | $466K | −$65K | $20K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $401,065 revenue, 12 lines filed
Part VI · Governance 9 of 12 board members independent, no flags
Part VIII · Statement of revenue $401,065 across 6 lines filed
Part IX · Statement of functional expenses $466,445 across 11 lines filed
Part X · Balance sheet $548,155 assets, 13 lines filed
Part XI · Reconciliation of net assets $20,242 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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