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REVENUE BASED FINANCE COALITION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
REVENUE BASED FINANCE COALITION INC (EIN 81-1270942)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-07
IRS object ID
202543119349301839
Schema version
2024v5.2
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)
Return2025-11-07T09:26:17-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475028428PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Howard Sckolnik CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18203 E Sierra Pinta DrAddressLine1Txt
CityScottsdaleCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85255ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN811270942EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1REVENUE BASED FINANCE COALITION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Scott CrockettInCareOfNm
Business Name ControlREVEBusinessNameControlTxt
Phone7034306635PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111231 NW 20th St STE 140-350AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33172ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT CROCKETTPersonNm
Person TitlePresidentPersonTitleTxt
Phone7034306635PhoneNum
Signature2025-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHOWARD SCKOLNIKPreparerPersonNm
PTINP01064967PTIN
Phone6025240974PhoneNum
Preparation2025-11-07PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerScott CrockettPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111231 NW 20th St Ste 140-350AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33172ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,481,130GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressRBFC.NETWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionThe entity that support developing revenue based financing best practice standards and research and advice concerning potential regulatory developments affecting the industryActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,812,949PYContributionsGrantsAmt
CY Contributions Grants$4,730,598CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$82,190PYOtherRevenueAmt
CY Other Revenue$567,248CYOtherRevenueAmt
PY Total Revenue$3,730,759PYTotalRevenueAmt
CY Total Revenue$5,297,846CYTotalRevenueAmt
PY Grants And Similar Paid$39,720PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,500CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$724,301PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,029,138CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,186,154PYOtherExpensesAmt
CY Other Expenses$4,316,270CYOtherExpensesAmt
PY Total Expenses$3,950,175PYTotalExpensesAmt
CY Total Expenses$5,347,908CYTotalExpensesAmt
PY Revenues Less Expenses-$219,416PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$50,062CYRevenuesLessExpensesAmt
Total Assets BOY$127,982TotalAssetsBOYAmt
Total Assets EOY$145,560TotalAssetsEOYAmt
Total Liabilities BOY$615,521TotalLiabilitiesBOYAmt
Total Liabilities EOY$683,161TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$487,539NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$537,601NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSee Schedule OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTHE USE OF TECHNOLOGY IN REDUCING INEFFICIENCIES IN COMMERCIAL FINANCE SUCH THAT IT BECOMES EASIER AND MORE CONVENIENT TO PROVIDE CAPITAL TO AMERICAN ENTREPRENEURS AND SMALL BUSINESS OWNERS.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyYes (true)PoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsYes (true)NondeductibleContributionsInd
Nondeductible Contri DisclYes (true)NondeductibleContriDisclInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Star Financial MgmtBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6029899993PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15109 82nd StAddressLine1Txt
CityLubbockCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79424ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
DEVERON M GIBBONS
Executive Vice Pres40.000.00Yes (X)$622,917$0$0
MARY DONOHUE
Executive Director40.000.00$229,167$0$0Yes (X)
SCOTT CROCKETT
President2.000.00$0$0$0Yes (X)Yes (X)
VINCENT NEY
Vice President2.000.00$0$0$0Yes (X)Yes (X)
WILLIAM GALLAGHER
Secretary2.000.00$0$0$0Yes (X)Yes (X)
EVAN SMEIDT
Director1.500.00$0$0$0Yes (X)
TIMOTHY MAGES
Treasurer2.000.00$0$0$0Yes (X)Yes (X)
MICHAEL MARANO
DIRECTOR2.000.00$0$0$0Yes (X)
BORIS SHAKHMUROV
DIRECTOR2.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$852,084TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Vantage Legal
PO Box 341016AustinTX78734Legal$223,758
Hudson Cook
7037 Ridge Road Ste 300HanoverMD21076Legal$240,030
Polaris Consulting LLC
PO Box 651355SterlingVA20165Strategy consulting$300,000
Catalyst LLC
Legislative consulting$324,000
Covington & Burling LLP
850 Tenth Street NWWashingtonDC20001Legal$885,605
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Membership Dues$4,730,598MembershipDuesAmt
Total Contributions$4,730,598TotalContributionsAmt
Fundraising Gross Income$1,750,532FundraisingGrossIncomeAmt
Fundraising Direct Expenses$1,183,284FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$567,248TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,297,846TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$852,083TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$100,172TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$44,020TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$32,863TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,423,967TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,625TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$1,755,623TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$535,571TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$19,034TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$36,462TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$363,415TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,132TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
Political contribution$30,000
Credit card fees$29,441
Memberships$80,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,347,908TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$96,182BOYAmt
EOY$87,060EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$31,800BOYAmt
EOY$58,500EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$127,982BOYAmt
EOY$145,560EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$615,521BOYAmt
EOY$683,161EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$615,521BOYAmt
EOY$683,161EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$487,539BOYAmt
EOY-$537,601EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$487,539BOYAmt
EOY-$537,601EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$127,982BOYAmt
EOY$145,560EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$50,062ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$30,000PoliticalExpendituresAmt

Section527 Political Org Section527PoliticalOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPaid Internal FundsPaidInternalFundsAmt
Democratic Attorneys Gener
PO Box 34445WashingtonDC20005134220019$25,000
Friends of Ashley Moody
2640-A Mitcham DriveTallahasseeFL32308$5,000

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
DEVERON M GIBBONS
Executive Vice Pres$622,917$622,917
MARY DONOHUE
Executive Director$229,167$229,167

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (18 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part VI Line 11bSee Schedule O
Part VI Line 12cTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND AS POTENTIAL
Part VI Line 12cCONFLICTS ARISE.
Part VI Line 15a or bCompensation for the top management official is approved by the BOD
Part VI Line 15a or bfollowing a review of comparable organizations,
Part VI Line 19The Corporation does not make the governing documents available to the
Part VI Line 19general public.
Part IX Line 11gPublic relations Total expenses - $199115.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
Part IX Line 11gStrategy/Operations Total expenses - $336456.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
Part VI #11THE BOARD OF DIRECTORS FINANCE COMMITTEE REVIEW THE DRAFT FORM 990 WITH
Part VI #11THE CORPORATION ACCOUNTANT. BEFORE THE FINAL RETURN IS FILED, IT IS
Part VI #11CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT.
Part III MissionRBFC's mission is to support its constituents as they provide capital to
Part III MissionAmerican business owners through education of the various potential legis-
Part III Missionlative and regulatory groups of the US Government such as, members of
Part III MissionCongress, Governors, Attorney Generals, state legislators and regulators.
Part III MissionRBFC and its members will also promote its small business financing best
Part III Missionpractices to set a standard of excellence.