Innovative Lending Platform Association EIN 81-3600428 Form 990 (PDF) Claim this org

Innovative Lending Platform Association

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Innovative Lending Platform Association is a business league or trade association based in Washington, DC. For fiscal year 2024 it reported $544K in revenue, $608K in expenses, and $189K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Washington, DC
Website
www.innovativelending.org
Filings
5 on file (2020–2024)
Revenue
$544KFY2024
Expenses
$608K
Net assets
$189K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-3600428 Business league / trade association Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
a business league or trade association
Leadership
Scott Stewart · CEO · $240K
Money in and out
$544K revenue, $608K expenses
Bottom line
-12% operating surplus
Membership & operating revenue · FY2024
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Operating surplus
-12%
revenue over expenses▼ -207% vs prior filing year
Earned revenue
100%
of revenue from program services & dues0% vs prior filing year
Payroll share
42%
of spending is salaries & benefits▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$544K
FY2024▼ -14%
Expenses
$608K
FY2024▲ +8%
Total assets
$250K
FY2024▼ -13%
Total liabilities
$61K
FY2024▲ +83%
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$250K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

State and Federal Government Affairs

Provide the members of the association with a view into what is happening both legislatively and regulatorily with respect to small business financing at the federal level and in the states.

Pt IX · col B
02

Research, Communications and Marketing

Build a series of messages and communications activities for members to utilize in their businesses. Use the association to expound the value of online small business lending to the health of small business and the us economy.

Pt IX · col B
03

Netwoking and Information Sharing

Develop a series of teams and working groups to tackle industry challenges in a cooperative fashion. Offer virtual and face to face opportunities for engagement, interaction and collaborative problem solving.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInnovative Lending Platform Association
EINHdr · item D81-3600428
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.innovativelending.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S40)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$240,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Scott Stewart’s $240K as CEO is at the 98th percentile of top reported officer pay among 1711 $100K–1M community development 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

NameFY2024FY2023FY2022FY2021FY2020
Scott Stewart$240,000$240,000$287,438$225,250$206,500

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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Statement of Revenue

Part VIII
Program service revenue100%$544K
Total revenueLn 12$544K

Balance Sheet

Part X · end of year
CashLn 1$96K
Total assetsLn 16$250K
Total liabilitiesLn 26$61K
Total net assetsLn 32$189K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $96K · Operating expenses/yr $608K
1.9 months
Where the money goes
Program services
Program services — · Total expenses $608K
Management & General
Management & general — · Total expenses $608K
Fundraising
Fundraising — · Total expenses $608K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $544K
0%
Government reliance
Government grants — · Total revenue $544K
Earned-income share
Program service revenue $544K · Total revenue $544K
100%
Investment reliance
Investment income $0 · Total revenue $544K
0%
Program self-sufficiency
Program service revenue $544K · Total expenses $608K
90%
Growth & trend
Revenue growth (YoY)
This year $544K · Prior year $632K
-14%
Revenue CAGR
FY2020 $703K · FY2024 $544K
-6%
Net-asset trend (YoY)
End of year $189K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $544K · Expenses $608K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $250K
Net-asset ratio
Net assets $189K · Total assets $250K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $250K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Stewart · Reported title CEO · Highest reported compensation $240K · Total expenses $608K
39%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $255K · Total expenses $608K
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -14%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$544K revenue · viewing · ⤓ 990 PDF
FY2023$632K revenue · ⤓ 990 PDF
FY2022$726K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$703K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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