Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1955.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
28 people listed on the 990; $1.7M paid to officers and key staff.
Richard Gumbrecht’s $675K as CEO is at the 99th percentile of top reported officer pay among 145 $1–10M social science 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Richard Gumbrecht | $675,465 | $693,515 | $596,464 | $560,427 | $506,471 |
| James Kravitz | $321,937 | $296,260 | $249,605 | $211,927 | $180,225 |
| Morten Kucey | — | — | — | — | $179,896 |
| Gregory Slowik | $170,693 | $149,232 | $130,463 | — | — |
| Jeffrey Walsh | — | $158,518 | $152,704 | $142,160 | $136,573 |
| Aydan Savaser | $147,065 | $137,810 | $129,908 | $118,563 | $112,210 |
| Hilary Scherer | $121,998 | — | — | — | — |
| Michele a Ocejo | $118,955 | $114,400 | $110,110 | — | — |
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.
See Secured Finance Network INC executive salaries →Are you one of these people? Claim this org to confirm your role
Something off? The org can add a note here. Request edit privileges.
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
Serves as the trade association for the asset-based lending industry, providing education, legal updates, and networking opportunities for commercial finance companies and banks.
Know this organization? Claim it to add your story
Conventions/Meetings
Held in order to allow members to gather and discuss new developments, share experiences, and lend assistance to others so as to better our industry.
Education Programs
Held to teach new topics in our field and to update the public on matters of concern.
Publications
Conducted in order to better our work environment and strengthen our industry.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $1.8M |
| InvestmentsLn 11–13 | $4.2M | $3.9M |
| Land, buildings, equipmentLn 10c | $73K | $61K |
| Total assetsLn 16 | $7.2M | $7.2M |
| LiabilitiesLn 26 | $5.9M | $5.9M |
| Net assetsLn 32 | $1.3M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $776K | |||
| Other salaries and wagesLn 7 | $937K | |||
| Pension plan contributionsLn 8 | $55K | |||
| Other employee benefitsLn 9 | $544K | |||
| Payroll taxesLn 10 | $128K | |||
| Legal feesLn 11b | $98K | |||
| Accounting feesLn 11c | $383K | |||
| Lobbying feesLn 11d | $322K | |||
| Investment management feesLn 11f | $13K | |||
| Other fees for servicesLn 11g | $231K | |||
| Advertising and promotionLn 12 | $335K | |||
| Office expensesLn 13 | $49K | |||
| Information technologyLn 14 | $227K | |||
| OccupancyLn 16 | $247K | |||
| TravelLn 17 | $70K | |||
| Conferences, conventions and meetingsLn 19 | $1.6M | |||
| InterestLn 20 | $53K | |||
| Depreciation, depletion and amortizationLn 22 | $13K | |||
| InsuranceLn 23 | $71K | |||
| Other expenses (24a–d)Ln 24 | $588K | |||
| All other expensesLn 24e | $142K | |||
| Total functional expensesLn 25 | $6.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $6.3M | $6.7M | −$402K | $1.3M | 990 PDF |
| FY2023 | $6.0M | $6.0M | −$34K | $1.2M | 990 PDF |
| FY2022 | $5.1M | $5.0M | $163K | $775K | 990 PDF |
| FY2021 | $3.3M | $4.0M | −$671K | $298K | 990 PDF |
Want to add your own materials alongside these filings? Claim this org
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $6,607,481 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, no flags
Part VIII · Statement of revenue $6,607,481 across 5 lines filed
Part IX · Statement of functional expenses $6,921,653 across 21 lines filed
Part X · Balance sheet $7,211,082 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,312,523 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
If you ARE the filing organization, claim this org and add context
Made it to the end? Claim this organization