Association for Governmental Leasing & Finance INC

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Provide resources, educational forums, and networking to expand business opportunities and promote best practices

Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: 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
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$339K
+19% vs prior year
Spent
$366K
Net assets
$154K
By yearFY2020–FY2025
Revenue
$339K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$119K
FY2021$163K
FY2022$316K
FY2023$313K
FY2024$285K
FY2025$339K
Expenses
$366K
FY2025▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$110K
FY2022$336K
FY2023$328K
FY2024$276K
FY2025$366K
Net assets
$154K
FY2025▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$178K
FY2021$231K
FY2022$211K
FY2023$197K
FY2024$206K
FY2025$154K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Association for Governmental Leasing & Finance INC executive salaries →

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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 15aNo

Programs and updates

Connects businesses with resources, education, and networking to foster growth and best practices.

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Provided by the organization

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2 programs · in their own filed words · FY2025
01

Annual Conference

Provide a forum for members to discuss new developments in the industry and share ideas for improvements.

Pt IX · col B
02

Fifty State Survey

Provide comprehensive resources on both federal and municipal government leasing.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$339K
Ln 12
Fees for servicesLn 2g$334K
Investment incomeLn 3$5K
Money outPt IX
$366K
Ln 25
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$232K
LiabilitiesLn 26$78K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$334K
Investment incomeLn 3$5K
Total revenueLn 12$339K
Assets in detailPt X, end of year
SavingsLn 2$167K
Cash and savings togetherLn 1–2$167K
Total assetsLn 16$232K
LiabilitiesLn 26$78K
Net assetsLn 32$154K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$201K$167K
Total assetsLn 16$241K$232K
LiabilitiesLn 26$35K$78K
Net assetsLn 32$206K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$133K
Other fees for servicesLn 11g$36K
Office expensesLn 13$11K
Information technologyLn 14$28K
TravelLn 17$9K
Conferences, conventions and meetingsLn 19$128K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$11K
All other expensesLn 24e$6K
Total functional expensesLn 25$366K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $339K$366K−$27K$154K 990 PDF
FY2024 $285K$276K$9K$206K 990 PDF
FY2023 $313K$328K−$14K$197K 990 PDF
FY2022 $316K$336K−$20K$211K 990 PDF
FY2021 $163K$110K$53K$231K 990 PDF
FY2020 $119K$159K−$40K$178K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $339,179 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $277,055$333,892
I-10 Investment incomePrior year $7,557$5,287
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $284,612$339,179
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $275,716$365,751
I-18 Total expensesPrior year $275,716$365,751
I-19 Revenue less expensesPrior year $8,896−$26,572
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $339,179 across 3 lines filed
Lines not itemized here account for $75 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $333,817$333,817
VIII-3 Investment incomeExcluded from tax $5,287$5,287
VIII-12 Total revenueRelated to mission $333,892 · Unrelated business $0 · Excluded from tax $5,287$339,179
Part IX · Statement of functional expenses $365,751 across 9 lines filed
IX-11a Management fees$133,136
IX-11g Other fees for services$35,901
IX-13 Office expenses$11,225
IX-14 Information technology$27,563
IX-17 Travel$8,543
IX-19 Conferences, conventions and meetings$127,569
IX-23 Insurance$4,265
IX-24 Other expenses (24a–d)$11,111
IX-24e All other expenses$6,438
IX-25 Total functional expenses$365,751
Part X · Balance sheet $231,929 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $201,040$167,250
X-4 Accounts receivable$1,800
X-9 Prepaid expenses and deferred chargesStart of year $40,228$62,879
X-16 Total assetsStart of year $241,268$231,929
X-17 Accounts payable and accrued expenses$25,383
X-19 Deferred revenueStart of year $35,350$52,200
X-26 Total liabilitiesStart of year $35,350$77,583
X-27 Net assets without donor restrictionsStart of year $205,918$154,346
X-32 Total net assets or fund balancesStart of year $205,918$154,346
X-33 Total liabilities and net assetsStart of year $241,268$231,929
Part XI · Reconciliation of net assets $154,346 net assets at year end
XI-1 Total revenue$339,179
XI-2 Total expenses$365,751
XI-3 Revenue less expenses−$26,572
XI-4 Net assets at start of year$205,918
XI-8 Prior period adjustments−$25,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$154,346

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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