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Secured Finance Network Midwest FY2020 filing

Not tax-deductible

Mokena, IL501(c)(6)Since 1988Community DevelopmentEIN 20-1500060Revenue $85K in FY2020

On file with the IRSsfnetmidwest.com19250 Everett Ln Ste 103, 60448-8964 · Mokena, ILTax-exempt since Mar 2005

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The Secured Finance Network is the trade group for commercial Finance companies, factors, banks and other financing agencies in the asset-based financial services industry on an international, national, regional and local basis. The objectives of the organization are to provide, through discussion and publication, a forum for the consideration of inter- and intra-industry ideas and opportunities; to make available current information on legislation and court decisions relating to asset-based financial services; to improve legal and operational procedures employed by the industry; to furnish to the general public information on the function and significance of the industry in the credit structure of the country; to encourage the association's members, and their person.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-EZ
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $89K a year · 60% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85K
Net assets
$244K
By yearFY2020–FY2025
Revenue
$85K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$8K
FY2022$93K
FY2023$148K
FY2024$174K
FY2025$173K
Expenses
—
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$52K
FY2023$55K
FY2024$60K
FY2025$66K
Net assets
$244K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$244K
FY2021$212K
FY2022$253K
FY2023$347K
FY2024$461K
FY2025$568K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
Aaron Sceva
President
$0Pt VII · Sec A
Jen Kempton
First Vice President
$0Pt VII · Sec A
Kat Parker
Treasurer
$0Pt VII · Sec A
Mike Dudek
Secretary
$0Pt VII · Sec A
Sue Duckett
Vice President
$0Pt VII · Sec A
See Secured Finance Network Midwest executive salaries →

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Programs and updates

Connects and supports companies in the asset-based financial services industry.

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By the numbers

The FY2020 990-EZ, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$85K
Other income$85K
Owns and owes
$244K
net assets
Liabilities$0
People
5
listed
Paid0
2In more detail
Revenue in detail
Other income$85K
Total revenue$85K
Assets in detailEnd of year
Liabilities$0
Net assets$244K
Operations
Employees0
Volunteers50
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$66K$107K$568K 990 PDF
FY2024 $174K$60K$114K$461K 990 PDF
FY2023 $148K$55K$94K$347K 990 PDF
FY2022 $93K$52K$41K$253K 990 PDF
FY2021 $8K$212K 990 PDF
FY2020 Viewing $85K$244K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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