California Consumer Finance Association
- Assets
- $50.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- Data as of
- 12/2016
- EIN
- 46-4875096
Organization Overview
California Consumer Finance Association is located in Sacramento, CA. California Consumer Finance Association 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 12/2016, California Consumer Finance Association generated $140.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (34.2%) each year. All expenses for the organization totaled $238.8k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES CONSUMERS ACCESS TO A VARIETY OF CHOICES FOR LEGITIMATE, REGULATED SHORT-TERM CONSUMER LOANS AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3
CONTINUED WEBSITE WITH INFORMATION REGARDING CONSUMER FINANCE FOR MEMBERS AND THE GENERAL PUBLIC.
MADE GRANTS TO OTHER ORGANIZATIONS FOR EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Fooman President | 1 | $0 | |
Vanessa Lugo Secretary/treas | 1 | $0 | |
Carol Stewart Director | 0.5 | $0 | |
Jabo Covert Director | 0.5 | $0 | |
Lester Firstenberger Director | 0.5 | $0 | |
Tracy Ward Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $140,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $155,932 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $98 |
| Other expenses | $5,269 |
| Total expenses | $238,799 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,131 |
| Other assets | $0 |
| Total assets | $50,131 |
| Total liabilities | $1,800 |
| Net assets or fund balances | $48,331 |
Grants Awarded
Over the last fiscal year, California Consumer Finance Association has awarded $52,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CA LATINO LEG CAUCUS FDN PURPOSE: General support | $20,000 |
CA ASIAN PACIFIC CHAMBER PURPOSE: General support | $10,000 |
CA LEG BLACK CAUCUS POL INST PURPOSE: General support | $10,000 |
VALLEY INDUSTRY & COMMERCE PURPOSE: General support | $12,500 |