Secured Finance Network New England Chapter Inc

Organization Overview

Secured Finance Network New England Chapter Inc is located in Woburn, MA. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Secured Finance Network New England Chapter Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Secured Finance Network New England Chapter Inc generated $90.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $100.4k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, THROUGH EDUCATION, THE SOUND DEVELOPMENT OF THE ASSET-BASED FINANCIAL SERVICES INDUSTRY AND TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSONNEL, IN THE PERFORMANCE OF THEIR SOCIAL AND COMMUNITY RESPONSIBILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING YOUNG MEN AND WOMEN IN THE BOSTON AREA THROUGH SPIRITUAL, EDUCATIONAL AND ATHLETIC TRAINING BY RAISING AND DONATING MONEY TO ORGANIZATIONS WHO SUPPORT THE ABOVE MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Herzog
President
$0
Dan Mccarthy
Vice President & Treasurer
$0
Mark Haley
Director
$0
Eric Bookbinder
Director
$0
Kenny Smith
Director
$0
Ian Willard
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,694
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$59,562
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,256
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $27,569
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $90,825

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