2023-08-21T19:52:23-05:00 2022-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2022-01-01 237240059 WESTERN PAYMENTS ALLIANCE WEST 4154331230 600 CALIFORNIA STREET 11TH FL SAN FRANCISCO CA 94108 WILLIAM J SCHOCH PRESIDENT/CEO 4154331230 2023-08-18 1 WILLIAM SCHOCH 999009999 0 VALENTINO CREUS CPA P01054153 8189549700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X WILLIAM J SCHOCH 600 CALIFORNIA STREET 11TH FL SAN FRANCISCO CA 94108 5173962 0 X WWW.WESPAY.ORG X 1972 CA BUILDING AND SHARING KNOWLEDGE TO GUIDE MEMBERS THROUGHOUT THEIR PAYMENTS JOURNEY FROM CONCEPT TO OPERATION. 16 16 28 17 0 0 0 0 4889579 5139765 57207 26336 1046 2256 4947832 5168357 0 0 64611 121980 3326231 3338938 0 0 0 1097450 1438622 4488292 4899540 459540 268817 5332465 5569095 2034806 2092824 3297659 3476271 AS AN INNOVATIVE PAYMENTS ASSOCIATION, WESPAY IS DEDICATED TO GUIDING AND EMPOWERING PROFESSIONALS IN THE FINANCIAL SERVICES AND PAYMENTS INDUSTRIES WITH EDUCATION, INFORMATION, ADVISORY AND ADVOCACY SERVICES. 0 0 MEMBER EDUCATION - WESTERN PAYMENTS ALLIANCE OFFERS TRAINING IN 3 CHANNELS: FACE-TO-FACE WORKSHOPS, WEBINARS AND WEBCASTS. WESPAY OFFERS IN-HOUSE MEMBER TRAINING AND MEMBER-SPONSORED CORPORATE TRAINING. PROFESSIONAL DEVELOPMENT PROGRAMS INCLUDE PREPARATION FOR NATIONAL CERTIFICATIONS, CERTIFICATES OF ACCOMPLISHMENT, ANNUAL SYMPOSIUMS, AND SPECIALIZED FORUMS. ADVISORY SERVICES INCLUDE RULE AND COMPLIANCE ADVICE FOR VARIOUS PAYMENT CHANNELS THAT INCLUDE ACH, CHECK, WIRE, MOBILE, REMOTE DEPOSIT CAPTURE, CARD AND INSTANT PAYMENTS. INFORMATION SERVICES INCLUDE PAYMENTS HOTLINE, WEBSITE AND MONTHLY MEMBER COMMUNICATIONS. THE ORGANIZATION'S WEBSITE AND MEMBER PORTAL ARE CRITICAL INTERFACE WITH ITS MEMBERS FOR MEMBER COMMUNICATIONS. THE ORGANIZATION HAS A MONTHLY DIGEST OF PAYMENT EVENTS AND WEEKLY RULES REMINDERS. IN ADDITION, IT HOSTS FREE QUARTERLY MEMBERSHIP UPDATES. A VIRTUAL MEMBER COMMUNITY, CONNECT, WAS ESTABLISHED TO ENABLE MEMBERS' INTERACTION TO POST INFORMATION, QUESTIONS AND UPDATES FOR OTHER MEMBERS TO READ AND PROVIDE RESPONSES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 11 0 1 28 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X DENNIS DUONG AVP ACCOUNTING 4153731207 600 CALIFORNIA STREET 11TH FL SAN FRANCISCO CA 94108 DEBRA WENDT CHAIR 1.50 X 0 0 0 STEPHEN MAX VICE CHAIR 1.50 X 0 0 0 JENNIFER DENOO SECRETARY 1.50 X 0 0 0 SHAUN HEGSTED TREASURER 1.50 X 0 0 0 JIM MORRELL IMMEDIATE PAST CHAIR 1.50 X 0 0 0 EDMUND ESCH DIRECTOR 1.50 X 0 0 0 JAMES P FLEISHER MP NCP DIRECTOR 1.50 X 0 0 0 BOB FOOTE DIRECTOR 1.50 X 0 0 0 BRAD GANEY DIRECTOR 1.50 X 0 0 0 SANCHIT PURI DIRECTOR 1.50 X 0 0 0 DAVE HARVEY DIRECTOR 1.50 X 0 0 0 AMY FOULKS DIRECTOR 1.50 X 0 0 0 JOSE LARA DIRECTOR 1.50 X 0 0 0 MICHELLE ZIOLKOWSKI DIRECTOR 1.50 X 0 0 0 JESSICA THOMPSON DIRECTOR 1.50 X 0 0 0 STEVEN WILDEMUTH DIRECTOR 1.50 X 0 0 0 WILLIAM SCHOCH PRESIDENT & CEO 38.50 1.50 X X 538161 0 43636 CHRISTIAN SELMI MP SVP, RISK AND COMPLIANCE 39.50 0.50 X 248771 0 13505 ANGELA SMITH SVP, EDUCATION AND EVENTS 40.00 X 194348 0 11021 KIM BICKFORD SVP, OPERATIONS 40.00 X 183563 0 46760 JOHN CURTIS SVP, BUSINESS CONSULTING LEADER 39.50 0.50 X 183953 0 21362 KARROLL SEARCY SVP, MARKETING AND MEMBER 40.00 X 178679 0 34781 1527475 0 171065 13 0 1 0 TRINET ONE PARK PLACE SUITE 600 DUBLIN CA 94568 PEO, BACKOFFICE HR SERVICES 3641987 1 DUES & ASSESSMENTS 611710 3522673 3522673 SEMINARS & PUBLICATION 611710 1617092 1617092 5139765 31891 31891 50 5605 -5555 -5555 -5555 OTHER INCOME & REBATES 611710 2256 2256 2256 5168357 5136466 0 31891 121980 1527475 1182341 99058 348056 182008 172425 88812 361422 99231 235353 127791 PRINTING AND PUBLICATIO 191189 SEMINARS AND WORKSHOPS 78612 NACHA ASSESSMENT 77950 BAD DEBT EXPENSE 5837 4899540 1244854 553974 2019434 3124989 228630 242701 306019 221781 650235 227791 466806 422444 532985 499468 1572 532165 503738 5332465 5569095 892668 892511 867492 966957 274646 233356 2034806 2092824 X 0 0 0 0 3297659 3476271 3297659 3476271 5332465 5569095 268817 -90205 0 X X 0 1 X 1 0 0 1 0 86326 45714 40612 563909 182077 381832 422444 INVESTMENTS IN WESPAY ADVISORS 249900 DEFERRED COMPENSATION TRUST 233356 PREPAID SECURITY DEPOSITS 3030 RIGHT-OF-USE ASSETS 17452 503738 NONQUALIFIED DEFERRED COMPENSATION PAYABLE 233356 233356 X PART X, LINE 2: FASB ASC 740, INCOME TAXES, TO ACCOUNT FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT WESPAY IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM ACTIVITIES NOT RELATED TO WESPAY'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. X X X X X 0 0 0 WILLIAM SCHOCH PRESIDENT & CEO 388161 0 150000 0 0 0 15250 0 28386 0 581797 0 0 0 CHRISTIAN SELMI MP SVP, RISK AND COMPLIANCE 204771 0 44000 0 0 0 12200 0 1305 0 262276 0 0 0 ANGELA SMITH SVP, EDUCATION AND EVENTS 174348 0 20000 0 0 0 9471 0 1550 0 205369 0 0 0 KIM BICKFORD SVP, OPERATIONS 162563 0 21000 0 0 0 9570 0 37190 0 230323 0 0 0 JOHN CURTIS SVP, BUSINESS CONSULTING LEADER 162141 0 21812 0 0 0 8979 0 12383 0 205315 0 0 0 KARROLL SEARCY SVP, MARKETING AND MEMBER 157679 0 21000 0 0 0 7200 0 27581 0 213460 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP INCLUDES DEPOSITORY FINANCIAL INSTITUTIONS (BANK, SAVINGS AND LOAN, LOAN ASSOCIATIONS AND CREDIT UNIONS), INDIVIDUALS OR ORGANIZATIONS THAT ARE STAKEHOLDERS IN PAYMENT SYSTEMS AND PROCESSES, ADVISORS TO THE ORGANIZATION AND PAYMENT COOPERATIVES. FORM 990, PART VI, SECTION A, LINE 7A "RESERVED DIRECTORS" ARE SELECTED BY REGULAR MEMBERS MEETING CERTAIN CRITERIA. ALSO, EACH REGULAR MEMBER NOT REPRESENTED BY A "RESERVED DIRECTOR" IS ENTITLED TO NOMINATE CANDIDATES TO SERVE AS AT-LARGE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM IN CONJUNCTION WITH THE ASSOCIATION'S ACCOUNTING MANAGER. A DRAFT OF FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER, AND ANY CORRECTIONS OR MODICATIONS ARE MADE BY THE OUTSIDE CPA. THE REVISED DRAFT IS THEN REVIEWED BY THE ACCOUNTING MANAGER AND THE PRESIDENT/CEO. ANY CONCERNS RAISED BY THE PRESIDENT/CEO ARE RAISED WITH THE CPA FIRM AND A CONSENSUS IS ACHIEVED. THE FULL BOARD OF DIRECTORS REVIEW THE FINAL AUDITED FINANCIAL STATEMENTS AND APPROVES THE ASSOCIATION'S FINANCIALS AND THE FILING OF FEDERAL AND STATE TAX RETURNS. UPON COMPLETION OF FEDERAL AND STATE TAX RETURNS BY THE INDEPENDENT CPA FIRM, THE BOARD IS NOTIFIED OF THE COMPLETION AND ARE GIVEN THE OPPORTUNITY TO REVIEW THE RETURNS PRIOR TO FILING. ANY ISSUES THAT ARISE ARE RESOLVED UPON IDENTIFICATION. THE RETURN IS THEN FINALIZED AND ELECTRONICALLY FILED WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM IS DISTRIBUTED TO DIRECTORS, ADVISORS AND STAFF EACH SEPTEMBER. EACH INDIVIDUAL IS REQUIRED TO COMPLETE THE DISCLOSURE FORM AND RETURN IT TO THE CEO. THE CEO REVIEWS EACH COMPLETED FORM FOR POSSIBLE CONFLICTS OF INTEREST. THERE HAVE BEEN NO SIGNIFICANT CONFLICTS REQUIRING ACTIONS. ALL FORMS ARE MAINTAINED FOR 7 YEARS FOLLOWING THE COMPLETION DATE. FORM 990, PART VI, SECTION B, LINE 15 THE FINAL AND ANNUAL DETERMINATION OF THE CEO'S COMPENSATION IS THE RESPONSIBILITY OF THE PERSONNEL COMMITTEE (A BOARD-LEVEL COMMITTEE). THE PERSONNEL COMMITTEE USES INPUT FROM A COMPENSATION SURVEY COMPLETED BY AN INDEPENDENT FIRM AND UPDATED PERIODICALLY. THE PERSONNEL COMMITTEE ALSO REVIEWS THE COMPENSATION OF SEVEN CEO'S FROM COMPARABLE 501(C)(6) ASSOCIATIONS THAT ARE IDENTIFIED IN THE FEDERAL TAX FILINGS, FORM 990. FOLLOWING THE MEETING OF THE PERSONNEL COMMITTEE, THE COMPENSATION RELATED DECISIONS ARE DOCUMENTED BY THE COMMITTEE CHAIR AND SHARED VIA EMAIL WITH THE ACCOUNTING MANAGER TO UPDATE THE PAYROLL SYSTEM. COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY THE CEO GUIDELINES. STAFF COMPENSATION IS BASED ON AN INDEPENDENT COMPENSATION ANALYSIS THAT WAS COMPLETED BY AN INDEPENDENT FIRM FOR EVERY POSITION WITHIN THE COMPANY. THE INDEPENDENT FIRM GATHERED AND ANALYZED DATA FROM RECENTLY PUBLISHED COMPENSATION SURVEYS FOR COMPARABLE ORGANIZATIONS. THE BENCHMARKING ANALYSIS WAS BASED ON PUBLISHED SURVEYS THAT REPORT DETAILED COMPENSATION DATA ON VARIOUS LABOR MARKETS WITH WHOM WESPAY COMPETES FOR TALENT. FORM 990, PART VI, SECTION C, LINE 19 WESTERN PAYMENTS ALLIANCE MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE AUDIT COMMITTEE'S OVERSIGHT PROCESS. FORM 990, PART VI, SECTION 1, LINE 1A AND 1B: AS OF 12/31/2022, THE ORGANIZATION HAD 1 VACANT SEAT IN THE BOARD. WESPAY ADVISORS 600 CALIFORNIA STREET 11TH FL SAN FRANCISCO CA 94108 810985877 ADVISORY SERVICES CA WESTERN PAYMENTS ALLIANCE C 1222570 1791031 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 WESPAY ADVISORS - MARKETING SUPPORT L 6000 ACTUAL WESPAY ADVISORS - SHARED FACILITIES N 10577 ACTUAL WESPAY ADVISORS - REIMBURSEMENT PAID TO RELATED ORGANIZATION P 55424 ACTUAL WESPAY ADVISORS - COST SHARING OF PERSONNEL O 671433 ACTUAL