Overview

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Est.

1944

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

SECURED FINANCE NETWORK INC is a nonprofit organization dedicated to serving as the trade group for commercial finance companies, factors, banks, and other financing agencies in the asset-based financial services industry. With an operating budget of $6.7 million and total revenue of $6.3 million for the filing year 2024, the organization focuses on providing a forum for discussion and information sharing regarding legislation and operational procedures within the industry. It receives significant funding from the THE ROSALIE KATZ FAMILY FOUNDATION INC, but does not rely on a single funder for more than 50% of its revenue. For more details, visit www.sfnet.com.

Mission Statement

THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSON.
Revenues
$6.3M
Expenses
$6.7M
Net Income:
-$402.2K
Assets
$7.2M
Liabilities
$5.9M
Net Assets:
+$1.3M
Operating Budget
$6.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$1K
Largest grant received
$1K
R
Richard Gumbrecht
Board Member
G
Gregory Slowik
Board Member
K
Kathleen Parker
Board Member

Frequently Asked Questions

What is SECURED FINANCE NETWORK INC’s budget?
In 2024, SECURED FINANCE NETWORK INC reported an annual operating budget of around $6.7 million. More detailed financial information is available to registered users.
What causes does SECURED FINANCE NETWORK INC support?
SECURED FINANCE NETWORK INC supports work in Economics.
Where does SECURED FINANCE NETWORK INC operate?
SECURED FINANCE NETWORK INC is headquartered in NEW YORK, NY.
Who funded SECURED FINANCE NETWORK INC recently?
In 2020, SECURED FINANCE NETWORK INC received grants from THE ROSALIE KATZ FAMILY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant SECURED FINANCE NETWORK INC received in 2020?
The largest grant to SECURED FINANCE NETWORK INC in 2020 exceeds $1,000.