2020-11-10T17:17:00-06:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 526054211 EQUIPMENT LEASING AND FINANCE ASSOCIATION INC EQUI 2022383400 1625 EYE STREET NW NO 850 WASHINGTON DC 20006 RALPH A PETTA PRESIDENT & CEO 2022383400 2020-11-10 1 MIKE SORRELLS P00001737 2022932200 66.98.98.6 2020-11-10 17:03:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1FE53BDFCB5A9E7ADF2C1FAEFD07FCB2349EA307 2019 2021-04-22 16:20:28Z RALPH A PETTA 1625 EYE STREET NW NO 850 WASHINGTON DC 20006 15087764 0 X WWW.ELFAONLINE.ORG X 1961 MD TO PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING. 23 23 22 775 180803 -2923 491830 528800 9352039 9569881 -618697 1718684 61620 62156 9286792 11879521 25000 25000 0 0 3224664 3480294 0 0 0 6121859 6291606 9371523 9796900 -84731 2082621 16099018 18374629 5925956 6174709 10173062 12199920 X THE ASSOCIATION EXISTS TO PROMOTE AND REPRESENT THE GENERAL INTERESTS OF THE EQUIPMENT LEASING AND FINANCING INDUSTRY, PROVIDE PROGRAMS OF BENEFIT TO THE INDUSTRY AND ITS MEMBERS, PROVIDE INFORMATION, EDUCATION AND COMMUNICATIONS TO THE MEMBERSHIP AND THE PUBLIC, LEAD IN THE RESOLUTION OF GENERAL INDUSTRY PROBLEMS, AND PROMOTE HIGH STANDARDS OF BUSINESS PRACTICES WITHIN THE INDUSTRY. 0 0 BUSINESS DEVELOPMENT - WORKING TO ACHIEVE SUSTAINED GROWTH AND PROFITABILITY FOR MEMBERS THROUGH NETWORKING, SHARING AND MUTUAL ASSISTANCE, MARKET KNOWLEDGE AND A POSITIVE INDUSTRY IMAGE. MEMBER RELATIONS - PROVIDING EFFECTIVE ASSOCIATION LEADERSHIP, INDUSTRY KNOWLEDGE, AND COMMUNICATING THE CREDIBILITY OF THE EQUIPMENT LEASING AND FINANCE INDUSTRY TO POLICY MAKERS AND THE NATION AS A WHOLE. INDUSTRY ADVOCACY - PRESENTING A STRONG COLLECTIVE VOICE FOR THE INDUSTRY AND REPRESENTING THE INDUSTRY WITH LAWMAKERS, REGULATORS AND STANDARD SETTERS. INDUSTRY KNOWLEDGE - DELIVERING KNOWLEDGE THROUGH INDUSTRY PERFORMANCE STATISTICS, SPECIFIC BENCHMARKING REPORTS AND SPECIFIC TARGET MARKET ANALYSIS. PROFESSIONAL COMPETENCY - RAISING THE COMPETENCY OF INDUSTRY PROFESSIONALS THROUGH A COMBINATION OF FACE-TO-FACE CONFERENCES AND VARIOUS TECHNOLOGY CHANNELS. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 37 0 1 22 1 1 1 0 0 0 1 1 0 0 0 X 23 23 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAUL STILP 2022383400 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 JUD SNYDER - CHAIR TO 1019 IMM PAST CHAIR (BEG 10/19) 3.00 0.00 X X 0 0 0 MARTHA AHLERS - CHAIR-ELECT (TO 10/19), CHAIR (BEG 10/19) 3.00 0.00 X X 0 0 0 DAVID SCHAEFER IMM PAST CHAIR (TO 10/19) 4.00 0.00 X X 0 0 0 ROBERT L BOYER TREASURER 4.00 0.00 X X 0 0 0 ROBERT NEAGLE - DIRECTOR (TO 10/19), VICE CHAIR (BEG 10/19) 3.00 0.00 X X 0 0 0 MICHAEL DICECCO VICE CHAIR 3.00 0.00 X X 0 0 0 KRIS SNOW VICE CHAIR 3.00 0.00 X X 0 0 0 LARRY SMILIE VICE CHAIR (TO 10/19) 3.00 0.00 X X 0 0 0 DEBORAH BAKER DIRECTOR (BEG 10/19) 2.00 0.00 X 0 0 0 MAUREEN CARR DIRECTOR (BEG 10/19) 2.00 0.00 X 0 0 0 JENNIFER COYLE DIRECTOR 2.00 0.00 X 0 0 0 JAMES CRESS DIRECTOR (TO 10/19) 2.00 0.00 X 0 0 0 BRETT DAVIS DIRECTOR 2.00 0.00 X 0 0 0 CONRAD EIMERS DIRECTOR 2.00 0.00 X 0 0 0 DAVE FATE DIRECTOR 2.00 0.00 X 0 0 0 NATHAN GIBBONS DIRECTOR (BEG 10/19) 2.00 0.00 X 0 0 0 WILLIS KLEINJAN DIRECTOR 2.00 0.00 X 0 0 0 DANIEL KRAJEWSKI DIRECTOR 2.00 0.00 X 0 0 0 MARJORIE KRUMHOLZ DIRECTOR (TO 10/19) 2.00 0.00 X 0 0 0 MATTHEW LESAGE DIRECTOR (TO 10/19) 2.00 0.00 X 0 0 0 BRIAN MADISON DIRECTOR (TO 10/19) 2.00 0.00 X 0 0 0 ALAN MOGOL DIRECTOR (BEG 10/19) 2.00 0.00 X 0 0 0 AMY NELSON DIRECTOR 2.00 0.00 X 0 0 0 DANIEL NELSON DIRECTOR 2.00 0.00 X 0 0 0 DAVID NORMANDIN DIRECTOR 2.00 0.00 X 0 0 0 DEBORAH REUBEN DIRECTOR 2.00 0.00 X 14000 0 0 ALAN SIKORA DIRECTOR 2.00 0.00 X 0 0 0 THOMAS RUTHERFORD DIRECTOR (BEG 10/19) 2.00 0.00 X 0 0 0 DAVID WALTON DIRECTOR 2.00 0.00 X 0 0 0 RALPH A PETTA PRESIDENT & CEO 35.50 2.00 X 546217 0 69800 PAUL A STILP CHIEF FINANCIAL AND OPERATING OFFICER 37.50 0.00 X 204057 0 31483 WILLIAM U CHOI VICE PRESIDENT 37.50 0.00 X 127155 0 13177 ANDREW P FISHBURN VICE PRESIDENT 37.50 0.00 X 289884 0 23400 LISA M RAMIREZ VICE PRESIDENT 37.50 0.00 X 138652 0 16827 SCOTT L RIEHL VICE PRESIDENT 37.50 0.00 X 230995 0 41193 AMY C VOGT VICE PRESIDENT 37.50 0.00 X 161792 0 23121 1712752 0 219001 11 0 1 0 CAPITOL SERVICES INC 6402 ARLINGTON BOULEVARD SUITE 400 FALLS CHURCH VA 22042 EVENT MANAGEMENT 380640 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 191708001 SURVEY CREATION/SUPPORT 331220 O'KEEFE COMMUNICATIONS LLC 2 BETHESDA METRO CENTER STE 310 BETHESDA MD 20814 A/V PRODUCTION 309507 MATRIX GROUP INTERNATIONAL INC 2611 SOUTH CLARK STREET - SUITE 330 ARLINGTON VA 22202 DIGITAL SOFTWARE DEISGN 228269 PECK MADIGAN JONES INC 1300 CONNECTICUT AVENUE NW SUITE 6 WASHINGTON DC 22036 GOVERNMENT ADVOCACY 181765 9 528800 528800 MEMBER DUES 900099 5040328 5040328 CONVENTION/SEMINARS 900099 4197374 4197374 ADVERTISING 541800 290547 114400 176147 PUBLICATIONS 900099 41632 41632 9569881 363626 363626 62156 4656 57500 4563301 3208243 1355058 1355058 1355058 11879521 9393734 180803 1776184 25000 870525 2024630 161802 248778 174559 23435 181765 76606 736112 268223 345886 22243 2015 281207 2592409 OVERHEAD ALLOCATION 1159522 DUES & SUBSCRIPTIONS 197527 CREDIT CARD FEES 175396 MOBILE APP 59688 169572 9796900 2987203 3661264 116771 100340 328576 385791 1785777 785759 1161507 1000018 11182587 12793560 322374 433656 16099018 18374629 746337 555440 3363517 3735323 1816102 1883946 5925956 6174709 X 10173062 12199920 10173062 12199920 16099018 18374629 2082621 -55763 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED EQUIPMENT LEASING & FIN ASSN PAC (LEASEPAC) 1825 K STREET NW WASHINGTON DC 20006 541611789 0 88097 0 0 1 5040328 1879758 532364 2412122 1108872 1303250 977823 175507 802316 807954 610252 197702 1000018 DEFERRED RENT 1579054 DEFERRED COMPENSATION PLAN 304892 1883946 11802914 0 11802914 76606 76606 11879520 9776056 55763 55763 9720293 76606 76606 9796899 1 EQUIPMENT LEASING & FINANCE FOUNDATIONINC 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541527848 501(C)(3) 25000 GENERAL SUPPORT 1 0 PART I, LINE 2: GRANT MADE TO CONTROLLED RELATED ORGANIZATION FOR EXEMPT PURPOSES. X 1 1 X X X X X 0 0 0 RALPH A PETTA PRESIDENT & CEO 468592 0 77625 0 0 0 61000 0 20017 0 627234 0 0 0 PAUL A STILP CHIEF FINANCIAL AND OPERATING OFFICE 186318 0 17739 0 0 0 16746 0 22489 0 243292 0 0 0 ANDREW P FISHBURN VICE PRESIDENT 261352 0 28532 0 0 0 22400 0 13165 0 325449 0 0 0 LISA M RAMIREZ VICE PRESIDENT 125391 0 13261 0 0 0 11139 0 6757 0 156548 0 0 0 SCOTT L RIEHL VICE PRESIDENT 208498 0 22497 0 0 0 18734 0 29998 0 279727 0 0 0 AMY C VOGT VICE PRESIDENT 144742 0 17050 0 0 0 13242 0 13402 0 188436 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS (OTHERS THAN ASSOCIATE MEMBERS) HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS, EXCEPT FOR ASSOCIATE MEMBERS, WHO DO NOT HAVE VOTING RIGHTS AND MAY NOT HAVE THEIR REPRESENTATIVES SERVE AS OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION'S BOARD OF DIRECTORS HAS DESIGNATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. COMPLIANCE IS MONITORED BY APPROPRIATE STAFF AND OUTSIDE COUNSEL. IN THE EVENT THAT THE ASSOCIATION DISCOVERS THAT A MEMBER OF THE GOVERNING BODY HAD A CONFLICT OF INTEREST, THE ASSOCIATION'S POLICY ON CONFLICTS OF INTEREST WOULD REQUIRE THAT THE PERSON NOT SOLICIT THE TRANSACTION, NOT TAKE PART IN NEGOTIATING, RENEGOTIATING, AMENDING OR APPROVING THE TRANSACTION, NOT EXERCISE ANY RECOMMENDING OR DECISION-MAKING AUTHORITY ARISING FROM HIS OR HER POSITION WITH ELFA, AND NOT EXERCISE ANY PERSONAL INFLUENCE WITH THE BOARD OF DIRECTORS OR WITH ANY OTHER MANAGER OR EMPLOYEE OF ELFA OR ANY ENTITY CONTROLLED BY ELFA IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM IS RETAINED AS NEEDED TO PROVIDE COMPARABILITY DATA AND ADVISE ON MANAGEMENT SALARIES. THE DATA IS REVIEWED AND APPROVED BY THE PERSONNEL COMMITTEE. THE PRESIDENT'S LAST COMPENSATION REVIEW WAS HELD IN DECEMBER 2015. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, POLICES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. EQUIPMENT LEASING & FINANCE FOUNDATION INC 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 541527848 RESEARCH DC 501(C)(3) LINE 11B, II ELFA 0 EQUIPMENT LEASING AND FINANCE ASSOCIATION PAC (LEASEPAC) 1625 EYE STREET NW SUITE 850 WASHINGTON DC 20006 POLITICAL ACTION COMMITTEE DC 527 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 EQUIPMENT LEASING AND FINANCE FOUNDATION N 56218 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION O 391106 CASH EQUIPMENT LEASING AND FINANCE FOUNDATION B 25000 CASH