CREDIT RESEARCH FOUNDATION INC

Address
1812 BALTIMORE BLVD H
WESTMINSTER, MD 21157
Contact
Website: http://crfonline.org
Phone: +1 (443) 821-3000
Nonprofit
NTEE: W60 - Financial Institutions, Services (Non-Government Related)
EIN: 13-5569334

Mission

SEE SCHEDULE O
 20172016201520142013
Basic features of the organization
Year of formation1949
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area8872
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$646,576.00$584,079.00$538,819.00$425,204.00 
Sum of reportable (W2/1099) compensation$646,576.00$584,079.00$538,819.00$425,204.00 
Number of employees6566 
Number of people compensated >$100k3332 
Personnel
Albright, Kurt
TitleTRUSTEE    
Name of key/compensated personKURT ALBRIGHT    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Balduino, William
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENT 
Name of key/compensated personWILLIAM BALDUINOWILLIAM BALDUINOWILLIAM BALDUINOWILLIAM BALDUINO 
Position of compensated person
Average hours per week working for org50.0050.0050.0050.00 
Reportable compensation from org$279,506.00$279,188.00$266,257.00$211,366.00 
Other comp, non-reportable, from org and related orgs$27,536.00$27,808.00$24,913.00$30,987.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Bevilacqua, Michael
TitleTRUSTEETRUSTEETRUSTEETRUSTEE 
Name of key/compensated personMICHAEL BEVILACQUAMICHAEL BEVILACQUAMICHAEL BEVILACQUAMICHAEL BEVILACQUA 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.250.250.250.30 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Boe, Brad
Title  PAST CHAIRMAPAST CHAIRMA 
Name of key/compensated person  BRAD BOEBRAD BOE 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Buford, Dawn
TitleTRUSTEETRUSTEE   
Name of key/compensated personDAWN BUFORDDAWN BUFORD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Catalano, Paul
TitleTRUSTEETRUSTEE   
Name of key/compensated personPAUL CATALANOPAUL CATALANO   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Green, Kenneth
Title  TRUSTEETRUSTEE 
Name of key/compensated person  KENNETH GREENKENNETH GREEN 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Hanus, Rob
Title  TRUSTEETRUSTEE 
Name of key/compensated person  ROB HANUSROB HANUS 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Knox, Peter
TitleTRUSTEETRUSTEE   
Name of key/compensated personPETER KNOXPETER KNOX   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kulik, Richard
Title  TRUSTEETRUSTEE 
Name of key/compensated person  RICHARD KULIKRICHARD KULIK 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Ledger, Abigail
TitleTRUSTEE    
Name of key/compensated personABIGAIL LEDGER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Mantel, Anna
Title TRUSTEE   
Name of key/compensated person ANNA MANTEL   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Mulligan, Jackie
TitleTRUSTEETRUSTEE   
Name of key/compensated personJACKIE MULLIGANJACKIE MULLIGAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Nickerson, Sharon
TitleCHAIRMANCHAIRMANVICE CH - FIVICE CH - FI 
Name of key/compensated personSHARON NICKERSONSHARON NICKERSONSHARON NICKERSONSHARON NICKERSON 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.500.500.250.30 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Scaminaci, Marty
TitlePAST CHAIRMAPAST CHAIRMACHAIRMANCHAIRMAN 
Name of key/compensated personMARTY SCAMINACIMARTY SCAMINACIMARTY SCAMINACIMARTY SCAMINACI 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.250.250.500.30 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Schmitz, Carsten
Title  TRUSTEETRUSTEE 
Name of key/compensated person  CARSTEN SCHMITZCARSTEN SCHMITZ 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Scott, Mike
Title  TRUSTEETRUSTEE 
Name of key/compensated person  MIKE SCOTTMIKE SCOTT 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Sebastian, Frank
TitleTRUSTEETRUSTEETRUSTEETRUSTEE 
Name of key/compensated personFRANK SEBASTIANFRANK SEBASTIANFRANK SEBASTIANFRANK SEBASTIAN 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.250.250.250.30 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Skudera, Matthew
TitleVP RESEARCHVP RESEARCH   
Name of key/compensated personMATTHEW SKUDERAMATTHEW SKUDERA   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$219,237.00$168,414.00   
Other comp, non-reportable, from org and related orgs$25,848.00$19,892.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Skupas, Kris
Title TRUSTEETRUSTEETRUSTEE 
Name of key/compensated person KRIS SKUPASKRIS SKUPASKRIS SKUPAS 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 0.250.250.30 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Soderman, Virginia
Title  TRUSTEETRUSTEE 
Name of key/compensated person  VIRGINIA SODERMANVIRGINIA SODERMAN 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Swafford, Doug
Title  TRUSTEETRUSTEE 
Name of key/compensated person  DOUG SWAFFORDDOUG SWAFFORD 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Tuttle, Art
TitleTRUSTEETRUSTEETRUSTEETRUSTEE 
Name of key/compensated personART TUTTLEART TUTTLEART TUTTLEART TUTTLE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.250.250.250.30 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wallis, Lyle
Title  VP RESEARCHVP RESEARCH 
Name of key/compensated person  LYLE WALLISLYLE WALLIS 
Position of compensated person
Average hours per week working for org  40.0040.00 
Reportable compensation from org  $151,923.00$127,378.00 
Other comp, non-reportable, from org and related orgs  $9,411.00$8,264.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Weaverling, Cheryl
TitleCFOCFOTREASURER/SETREASURER/SE 
Name of key/compensated personCHERYL WEAVERLINGCHERYL WEAVERLINGCHERYL WEAVERLINGCHERYL WEAVERLING 
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$147,833.00$136,477.00$120,639.00$86,460.00 
Other comp, non-reportable, from org and related orgs$7,848.00$7,397.00$6,757.00$4,880.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Weilemann, William
Title  TRUSTEETRUSTEE 
Name of key/compensated person  WILLIAM WEILEMANNWILLIAM WEILEMANN 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.250.30 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE EDUCATION AND RESEARCH FOR TODAY'S CREDIT, ACCOUNTS RECEIVABLE AND CUSTOMER FINANCIAL SERVICE PROFESSIONALS. CRF PROMOTES LEADERSHIP AND PROVIDES LINKAGE BETWEEN PRACTICE AND EDUCATION, SERVING ITS DIVERSE MEMBERSHIP BY RECOGNIZING EXCELLENCE, PROMOTING THE EXCHANGE OF INFORMATION AND FOSTERING INTELLECTUAL DEVELOPMENT.THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE EDUCATION AND RESEARCH FOR TODAY'S CREDIT, ACCOUNTS RECEIVABLE AND CUSTOMER FINANCIAL SERVICE PROFESSIONALS. CRF PROMOTES LEADERSHIP AND PROVIDES LINKAGE BETWEEN PRACTICE AND EDUCATION, SERVING ITS DIVERSE MEMBERSHIP BY RECOGNIZING EXCELLENCE, PROMOTING THE EXCHANGE OF INFORMATION AND FOSTERING INTELLECTUAL DEVELOPMENT.THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE EDUCATION AND RESEARCH FOR TODAY'S CREDIT, ACCOUNTS RECEIVABLE AND CUSTOMER FINANCIAL SERVICE PROFESSIONALS. CRF PROMOTES LEADERSHIP AND PROVIDES LINKAGE BETWEEN PRACTICE AND EDUCATION, SERVING ITS DIVERSE MEMBERSHIP BY RECOGNIZING EXCELLENCE, PROMOTING THE EXCHANGE OF INFORMATION AND FOSTERING INTELLECTUAL DEVELOPMENT.SEE SCHEDULE O 
Program service expenses, total$1,358,000.00$1,279,626.00$1,185,900.00$1,099,990.00 
Programs, including revenue & expenses
CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT.
Program expenses$696,255.00$691,141.00$592,658.00$605,242.00 
Program revenue$634,133.00$583,657.00$564,926.00$645,942.00 
Program descriptionCONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT.CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT.CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT.CONFERENCES AND MEETINGS - THE FOUNDATION HOSTS SEVERAL CONFERENCES ANNUALLY AND SPONSORS ROUNDTABLE DISCUSSIONS ON VARIOUS TOPICS RELATED TO CREDIT MANANGEMENT. 
EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS.
Program expenses$58,816.00$67,664.00$92,380.00$73,266.00 
Program revenue$58,424.00$75,913.00$98,651.00$92,565.00 
Program descriptionEDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS.EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS.EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS.EDUCATION - THE FOUNDATION OFFERS ONLINE SEMINARS COVERING A VARIETY OF CREDIT RELATED TOPICS AS WELL AS GENERAL BUSINESS TOPICS. 
PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC.
Program expenses$224,833.00$189,700.00$198,177.00$160,110.00 
Program revenue$285,832.00$288,676.00$301,070.00$273,379.00 
Program descriptionPUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC.PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC.PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC.PUBLICATIONS - THE FOUNDATION PUBLISHES A COMPENSATION STUDY OF CREDIT EXECUTIVES AND PERIODICALS FOR USE BY ITS MEMBERS AND THE GENERAL PUBLIC. 
Financial data
Revenue
Total revenue$1,733,471.00$1,617,840.00$1,649,827.00$1,466,229.00 
Revenue from contributions (total)$303,599.00$268,025.00$250,225.00$65,698.00 
Investment income, current yr$94,756.00$49,830.00$77,240.00$63,161.00 
Total revenue from grants, etc., current yr$303,599.00$268,025.00$250,225.00$65,698.00 
Other revenue, current yr$70,896.00$64,435.00$62,674.00$55,845.00 
Net unrelated business taxable revenue-$38,713.00-$22,604.00-$10,201.00-$9,830.00 
Program service revenue (total)$1,264,220.00$1,235,550.00$1,259,688.00$1,281,525.00 
Sources of contributions
Revenue from all other contributions$303,599.00$268,025.00$250,225.00$65,698.00 
Other types of revenue
Miscellaneous revenue (total)$70,896.00$64,435.00$62,674.00$55,845.00 
Investment income$71,038.00$45,525.00$60,391.00$68,869.00 
Expense categories (totals)
Total functional expenses: sum of all$1,680,738.00$1,591,342.00$1,482,449.00$1,343,352.00 
Total functional expenses: program service $1,358,000.00$1,279,626.00$1,185,900.00$1,099,990.00 
Total functional expenses: management and general$322,738.00$311,716.00$296,549.00$243,362.00 
Total functional expenses: fundraising$0.00$0.00$0.00$0.00 
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
Investment management fees (total)$12,619.00$8,911.00   
Assets and liabilities
Total assets$2,123,700.00$1,934,412.00$1,833,240.00$1,786,009.00 
Total assets, beginning of year$1,934,412.00$1,833,240.00$1,786,009.00$1,562,524.00 
Total liabilities$755,144.00$727,612.00$664,275.00$691,521.00 
Total liabilities, beginning of year$727,612.00$664,275.00$691,521.00$540,950.00 
Unrestricted net assets, end of yr$1,368,556.00$1,206,800.00$1,168,965.00$1,094,488.00 
Net assets$1,368,556.00$1,206,800.00$1,168,965.00$1,094,488.00 
Net assets, beginning of year$1,206,800.00$1,168,965.00$1,094,488.00$1,021,574.00 
Other assets$1,400.00$1,400.00$1,400.00$1,400.00 
Investments: publicly traded securities$1,581,784.00$1,255,883.00$1,299,725.00$1,383,054.00 
Cash: non-interest bearing$412,831.00$408,412.00$352,037.00$286,158.00 
Cash: non-interest bearing, beginning of year$408,412.00$352,037.00$286,158.00$81,545.00 
Other financial variables
Revenue less expenses$52,733.00$26,498.00$167,378.00$122,877.00 
Savings & temp cash investment$90,207.00$225,826.00$129,582.00$61,257.00 
Accounts receivable, net$4,577.00$3,697.00$3,858.00$4,990.00 
Prepaid expenses & deferred charges$19,983.00$18,967.00$30,068.00$24,951.00 
Accounts payable & accrued expenses$241,534.00$224,937.00$166,425.00$158,439.00 
Deferred revenue$513,610.00$502,675.00$497,850.00$533,082.00 
Total net assets or fund balances$1,368,556.00$1,206,800.00$1,168,965.00$1,094,488.00 
Depreciation, depletion, amortization$9,588.00$8,877.00$7,615.00$10,692.00 
Governance and accountability
Number of voting members12121616 
Number of independent voting members12121615 
Financial sheets were auditedTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrue 
Tax year start date2017-01-012016-01-012015-01-012014-01-01 
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990 
IRS schema version2017v2.22016v3.02015v2.12014v5.0 
Filing identifier201800399349300005201710419349300626201630479349302028201510379349300136 
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