Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
11 people listed on the 990; $206K paid to officers and key staff.
Scott Stewart’s $240K as CEO is at the 98th percentile of top reported officer pay among 1709 $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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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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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
Innovative Lending Platform Association is a business league or trade association based in Washington, DC.
Questions for Innovative Lending Platform Association
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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.
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.
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.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $167K | $88K |
| Land, buildings, equipmentLn 10c | $1K | $677 |
| Total assetsLn 16 | $186K | $98K |
| LiabilitiesLn 26 | $232K | $90K |
| Net assetsLn 32 | −$46K | $8K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $206K | |||
| Payroll taxesLn 10 | $13K | |||
| Legal feesLn 11b | $393 | |||
| Accounting feesLn 11c | $23K | |||
| Lobbying feesLn 11d | $400K | |||
| Other fees for servicesLn 11g | $937 | |||
| Office expensesLn 13 | $2K | |||
| TravelLn 17 | $2K | |||
| Depreciation, depletion and amortizationLn 22 | $580 | |||
| Other expenses (24a–d)Ln 24 | $2K | |||
| Total functional expensesLn 25 | $649K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $544K | $608K | −$64K | $189K | 990 PDF |
| FY2023 | $632K | $563K | $69K | $252K | 990 PDF |
| FY2022 | $726K | $653K | $74K | $184K | 990 PDF |
| FY2021 | $1.0M | $910K | $102K | $110K | 990 PDF |
| FY2020 Viewing | $703K | $649K | $54K | $8K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $703,000 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $703,000 across 2 lines filed
Part IX · Statement of functional expenses $649,404 across 10 lines filed
Part X · Balance sheet $97,859 assets, 10 lines filed
Part XI · Reconciliation of net assets $7,663 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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