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AMERICAN FACTORING ASSOCIATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AMERICAN FACTORING ASSOCIATION (EIN 27-0499297)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202433139349300903
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-08T00:23:07-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN952772601PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GLENN BURDETTE INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11150 PALM STREETAddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270499297EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN FACTORING ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone8057330011PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11015 NIPOMO ST STE 210AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP934016144ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTANIA DANIELPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8055448327PhoneNum
Signature2024-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICAL W BOVEE CPAPreparerPersonNm
PTINP01023187PTIN
Phone8055441441PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTANIA DANIELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11015 NIPOMO ST STE 210AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP934016144ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$243,500GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.AMERICANFACTORING.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionEDUCATING THE PUBLIC AND POLICYMAKERS ON THE AVAILABILITY OF WORKING CAPITAL FOR FINANCING AMERICA'S SMALL BUSINESSES AND CONDUCTING EFFORTS IN SUPPORT OF INCREASING WORKING CAPITAL FINANCING.ActivityOrMissionDesc
Voting Members Governing Body22VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers22TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$261,200PYContributionsGrantsAmt
CY Contributions Grants$243,500CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$261,200PYTotalRevenueAmt
CY Total Revenue$243,500CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$216,711PYOtherExpensesAmt
CY Other Expenses$220,817CYOtherExpensesAmt
PY Total Expenses$216,711PYTotalExpensesAmt
CY Total Expenses$220,817CYTotalExpensesAmt
PY Revenues Less Expenses$44,489PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$22,683CYRevenuesLessExpensesAmt
Total Assets BOY$277,456TotalAssetsBOYAmt
Total Assets EOY$300,139TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$277,456NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$300,139NetAssetsOrFundBalancesEOYAmt
MissionEDUCATING POLICYMAKERS AND THE PUBLIC ON AVAILABILITY OF WORKING CAPITAL FOR FINANCING AMERICA'S SMALL BUSINESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTO EDUCATE THE PUBLIC AND POLICYMAKERS ON THE AVAILABILITY OF WORKING CAPITAL FOR FINANCING AMERICA'S SMALL BUSINESSES AND TO CONDUCT EFFORTS IN SUPPORT OF INCREASING WORKING CAPITAL FINANCING.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonINTERNATIONAL FACTORING ASSOCIATIONPersonNm
Phone8057730011PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11015 NIPOMO ST STE 210AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93401ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ROBYN BARRETT
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
BOB ZADEK ESQ
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
RYAN JASKIEWICZ
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DEBRA ZUKONIK
CHIEF FINANCIAL OFFICER1.00Yes (X)Yes (X)$0$0$0
TANIA DANIEL
EXECUTIVE DIRECTOR5.00Yes (X)Yes (X)$0$0$0
HAILEY BENTON-THOMAS
BOARD MEMBER1.00Yes (X)$0$0$0
PHILLIP COHEN
BOARD MEMBER0.25Yes (X)$0$0$0
RYAN CURRY
BOARD MEMBER0.25Yes (X)$0$0$0
MELISSA DONALD
BOARD MEMBER1.00Yes (X)$0$0$0
ANGELA FIORENTINO
BOARD MEMBER0.25Yes (X)$0$0$0
NICK HART
BOARD MEMBER0.25Yes (X)$0$0$0
COLE HARMONSON
BOARD MEMBER0.25Yes (X)$0$0$0
HEATH HOLDBROOKS
BOARD MEMBER0.25Yes (X)$0$0$0
CHRIS RAINS
BOARD MEMBER0.25Yes (X)$0$0$0
KWESI ROGERS
BOARD MEMBER0.25Yes (X)$0$0$0
MICKEY SEEMAN
BOARD MEMBER0.25Yes (X)$0$0$0
LOREN SHIFRIN
BOARD MEMBER0.25Yes (X)$0$0$0
DEAN TETIRICK
BOARD MEMBER0.25Yes (X)$0$0$0
NEELY THOMAS
BOARD MEMBER0.25Yes (X)$0$0$0
GEORGE THORSON
BOARD MEMBER0.25Yes (X)$0$0$0
HEATHER VILLA
BOARD MEMBER5.00Yes (X)$0$0$0
MCLEAN WILSON
BOARD MEMBER0.25Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JONES WALKER
201 ST CHARLES AVENEW ORLEANSLA70170LOBBYING & LEGAL$102,000
HOLLAND & KNIGHT LLP
PO BOX 936937ATLANTAGA31193LOBBYING & LEGAL$102,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Membership Dues$243,500MembershipDuesAmt
Total Contributions$243,500TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$243,500TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,400TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$81,000TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,300TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$123,000TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$124TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$600TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$106TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,219TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,512TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
BANK/CREDIT CARD FEES$3,527
MEALS$896
PRINTING AND COPYING$795
TELEPHONE$240

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$98TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$220,817TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$277,456BOYAmt
EOY$300,139EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$277,456BOYAmt
EOY$300,139EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$277,456BOYAmt
EOY$300,139EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$277,456BOYAmt
EOY$300,139EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$277,456BOYAmt
EOY$300,139EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$22,683ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$0PoliticalExpendituresAmt
Volunteer Hours0VolunteerHoursCnt
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Expended527 Activities$0Expended527ActivitiesAmt
Internal Funds Contributed$0InternalFundsContributedAmt
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$243,500DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$123,000NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$123,000NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$126,620AggregateReportedDuesNtcAmt
Taxable-$3,620TaxableAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-AFormAndLineReferenceDesc
ExplanationAMERICAN FACTORING ASSOCIATION EFFORTS INCLUDE LOBBYING AND MONITORING REGULATORY CHANGES THAT AFFECT THE FACTORING COMMUNITY, INCLUDING ENGAGING PROFESSIONAL LOBBYISTS AND MEETING WITH APPROPRIATE LAWMAKERS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3MANAGEMENT AND ACCOUNTING DUTIES ARE PERFORMED BY INTERNATIONAL FACTORING ASSOCIATION FOR AN ANNUAL FEE OF $2,400.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS THREE CLASSES OF MEMBERS; ACTIVE, ASSOCIATE AND ALLIED MEMBERS. ONLY ACTIVE MEMBERS ARE ENTITLED TO VOTE.
FORM 990, PART VI, SECTION A, LINE 7AA NOMINATING COMMITTEE IS APPOINTED BY THE PRESIDENT WITH APPROVAL OF THE BOARD. THE NOMINATING COMMITTEE IS RESPONSIBLE FOR NOMINATING QUALIFIED INDIVIDUALS FOR ELECTION TO THE BOARD. THE BOARD APPROVES OR DISAPPROVES THE NOMINEES.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS MUST APPROVE CERTAIN AMENDMENTS TO BYLAWS AND OTHER ACTIONS AS REQUIRED BY STATE LAW
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE TAX RETURN IS PROVIDED TO THE BOARD BEFORE IT IS FILED. EXECUTIVE DIRECTOR REVIEWS AND APPROVES FORM 990 ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS, OTHER THAN FORM 1024 AND FORM 990, ARE NOT AVAILABLE TO THE PUBLIC.