AMERICAN FACTORING ASSOCIATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: AMERICAN FACTORING ASSOCIATION (EIN 27-0499297)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-12
IRS object ID: 202523169349304382
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
Form 990
Schedule B
Schedule C
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-12T12:02:14-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	952772601	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GLENN BURDETTE	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1150 PALM STREET	AddressLine1Txt
City	SAN LUIS OBISPO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93401	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	270499297	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AMERICAN FACTORING ASSOCIATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	AMER	BusinessNameControlTxt
Phone	8057330011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1015 NIPOMO STREET STE 210	AddressLine1Txt
City	SAN LUIS OBISPO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93401	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TANIA DANIEL	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	8055448327	PhoneNum
Signature	2025-11-06	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICAL W BOVEE CPA	PreparerPersonNm
PTIN	P01023187	PTIN
Phone	8055441441	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	TANIA DANIEL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1015 NIPOMO STREET STE 210	AddressLine1Txt
City	SAN LUIS OBISPO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93401	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$290,550	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.AMERICANFACTORING.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2009	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	EDUCATING 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 Body	23	VotingMembersGoverningBodyCnt
Voting Members Independent	23	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	23	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$243,500	PYContributionsGrantsAmt
CY Contributions Grants	$290,550	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$243,500	PYTotalRevenueAmt
CY Total Revenue	$290,550	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$220,817	PYOtherExpensesAmt
CY Other Expenses	$238,807	CYOtherExpensesAmt
PY Total Expenses	$220,817	PYTotalExpensesAmt
CY Total Expenses	$238,807	CYTotalExpensesAmt
PY Revenues Less Expenses	$22,683	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$51,743	CYRevenuesLessExpensesAmt
Total Assets BOY	$300,139	TotalAssetsBOYAmt
Total Assets EOY	$351,882	TotalAssetsEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$300,139	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$351,882	NetAssetsOrFundBalancesEOYAmt
Mission	EDUCATING POLICYMAKERS AND THE PUBLIC ON AVAILABILITY OF WORKING CAPITAL FOR FINANCING AMERICA'S SMALL BUSINESS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TO 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 Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	Yes (1)	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	Yes (1)	NondeductibleContributionsInd
Nondeductible Contri Discl	Yes (1)	NondeductibleContriDisclInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	23	GoverningBodyVotingMembersCnt
Independent Voting Member	23	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd
Other	Yes (X)	OtherInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	INTERNATIONAL FACTORING ASSOCIATION	PersonNm
Phone	8057730011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1015 NIPOMO ST STE 210	AddressLine1Txt
City	SAN LUIS OBISPO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93401	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
ROBYN BARRETT
PRESIDENT	5.00	Yes (X)	Yes (X)	$0	$0	$0
BOB ZADEK ESQ
VICE PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
MELISSA DONALD
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
DEBRA ZUKONIK
CHIEF FINANCIAL OFFICER	1.00	Yes (X)	Yes (X)	$0	$0	$0
TANIA DANIEL
EXECUTIVE DIRECTOR	5.00	Yes (X)	Yes (X)	$0	$0	$0
HAILEY BENTON-THOMAS
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
PHILLIP COHEN
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
RYAN CURRY
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
ANGELA FIORENTINO
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
NICK HART
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
COLE HARMONSON
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
HEATH HOLDBROOKS
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
RYAN JASKIEWICZ
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
CHRIS RAINS
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
KWESI ROGERS
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
MICKEY SEEMAN
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
LOREN SHIFRIN
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
DEAN TETIRICK
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
NEELY THOMAS
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
GEORGE THORSON
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
JARED ULLMAN
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0
HEATHER VILLA
BOARD MEMBER	5.00	Yes (X)		$0	$0	$0
MCLEAN WILSON
BOARD MEMBER	0.25	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
JONES WALKER
201 ST CHARLES AVE	NEW ORLEANS	LA	70170	LOBBYING & LEGAL	$102,000
HOLLAND & KNIGHT LLP
PO BOX 936937	ATLANTA	GA	31193	LOBBYING & LEGAL	$102,000

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Membership Dues	$290,550	MembershipDuesAmt
Total Contributions	$290,550	TotalContributionsAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$290,550	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$2,400	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$84,400	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$3,400	TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$135,600	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$66	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$932	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$56	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,767	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,066	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
BANK/CREDIT CARD FEES	$5,648
MEALS	$648
PRINTING AND COPYING	$421
TELEPHONE	$240

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$163	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$238,807	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$300,139	BOYAmt
EOY	$351,882	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$300,139	BOYAmt
EOY	$351,882	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$300,139	BOYAmt
EOY	$351,882	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$300,139	BOYAmt
EOY	$351,882	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$300,139	BOYAmt
EOY	$351,882	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$51,743	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$0	PoliticalExpendituresAmt
Volunteer Hours	0	VolunteerHoursCnt
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Expended527 Activities	$0	Expended527ActivitiesAmt
Internal Funds Contributed	$0	InternalFundsContributedAmt
Substantially All Dues Nonded	0	SubstantiallyAllDuesNondedInd
Only In House Lobbying	0	OnlyInHouseLobbyingInd
Agree Carryover Prior Year	0	AgreeCarryoverPriorYearInd
Dues Assessments	$290,550	DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY	$135,600	NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot	$135,600	NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc	$139,464	AggregateReportedDuesNtcAmt
Taxable	-$3,864	TaxableAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I-A	FormAndLineReferenceDesc
Explanation	AMERICAN 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 ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	MANAGEMENT AND ACCOUNTING DUTIES ARE PERFORMED BY INTERNATIONAL FACTORING ASSOCIATION FOR AN ANNUAL FEE OF $2,400.
FORM 990, PART VI, SECTION A, LINE 6	THE 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 7A	A 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 7B	MEMBERS MUST APPROVE CERTAIN AMENDMENTS TO BYLAWS AND OTHER ACTIONS AS REQUIRED BY STATE LAW
FORM 990, PART VI, SECTION B, LINE 11B	A 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 19	DOCUMENTS, OTHER THAN FORM 1024 AND FORM 990, ARE NOT AVAILABLE TO THE PUBLIC.