2023-11-03T10:57:54-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035613933 2550 WASSER TERRACE 400 HERNDON VA 20171 JANE E LARIMER PRESIDENT & CHIEF EXECUTIVE OFFICER 7035613933 2023-11-02 1 JANE LARIMER XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NACHA JANE E LARIMER 2550 WASSER TERRACE 400 HERNDON VA 20171 25316884 0 X WWW.NACHA.ORG X 1974 DE NACHA GOVERNS THE ACH NETWORK, THE PAYMENT SYSTEM THAT DRIVES DIRECT DEPOSITS AND DIRECT PAYMENTS WITH THE CAPABILITY TO REACH ALL U.S. FINANCIAL INSTITUTION ACCOUNTS. NACHA IS MEMBERSHIP ORGANIZATION AND PROVIDES PAYMENTS EDUCATION, ACCREDITATION & ADVISORY SERVICES. 18 18 77 100 823204 161968 1367398 0 19702494 22629019 16172 20544 1942508 2304552 23028572 24954115 0 0 0 0 12776267 13904916 0 0 0 8118952 9896357 20895219 23801273 2133353 1152842 25037618 27315213 9307230 10531719 15730388 16783494 X NACHA GOVERNS THE ACH NETWORK, THE PAYMENT SYSTEM THAT DRIVES DIRECT DEPOSITS AND DIRECT PAYMENTS WITH THE CAPABILITY TO REACH ALL U.S. BANK AND CREDIT UNION ACCOUNTS. NACHA ADVANCES INNOVATION AND INTEROPERABILITY IN THE PAYMENTS SYSTEM BY DEVELOPING RULES AND STANDARDS, AND PROVIDING INDUSTRY SOLUTIONS. NACHA ALSO PROVIDES EDUCATION, ACCREDITATION, MEMBERSHIP PROGRAMS AND ADVISORY SERVICES. 0 0 ACH NETWORK ADMINISTRATOR: NACHA DEVELOPS AND ADMINISTERS THE PRIVATE SECTOR NACHA OPERATING RULES FOR ACH PAYMENTS, WHICH DEFINE THE ROLES AND RESPONSIBILITIES FOR MORE THAN 9,000 PARTICIPATING FINANCIAL INSTITUTIONS. RISK MANAGEMENT, RULES ENFORCEMENT, NETWORK ADVOCACY AND DEVELOPMENT OF ELECTRONIC SOLUTIONS IS ALSO INCLUDED WITHIN THE PROGRAM SERVICES AS ADMINISTRATOR OF THE ACH NETWORK. CONFERENCE:SMARTER FASTER PAYMENTS IS AN IN-PERSON CONFERENCE WITH MORE THAN 100 EDUCATIONAL SESSIONS AND A DYNAMIC EXHIBIT HALL. THE EVENTS BRING MORE THAN 2,000 DIVERSE PAYMENTS PROFESSIONALS TOGETHER TO OBTAIN LEADING-EDGE EDUCATION AND SOLUTIONS. PUBLICATIONS:NACHA PRODUCES THE NACHA OPERATING RULES & GUIDELINES AND MORE THAN 40 OTHER PAYMENT-RELATED PUBLICATIONS, GUIDES, AND TRAINING MATERIALS IN A VARIETY OF FORMATS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 77 1 1 1 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X ROXANNE ORTICKE CFO 7035611100 2550 WASSER TERRACE SUITE 400 HERNDON VA 20171 JANE LARIMER CEO AND PRESIDENT 40.00 X 892795 0 37805 SCOTT LANG CHIEF OF STAFF 40.00 X 368190 0 35204 MICHAEL HERD VICE PRESIDENT, ACH NETWORK ADMINISTRATION 40.00 X 341470 0 48128 NICK HAMADE CHIEF TECHNOLOGY OFFICER 40.00 X 298653 0 47395 GEORGE THROCKMORTOM MANAGING DIRECTOR, STRATIC INITIATIVES & NETWORK D 40.00 X 275027 0 38206 JEANETTE BLANCO GENERAL COUNSEL 30.00 X 274440 0 30642 WILLIAM SULLIVAN SEN. DIR & GROUP MGR. GOV. & INSUTRY RELATIONS 40.00 X 248611 0 29257 VICTORIA DAY CHIEF COMMUNICATIONS OFFICER 40.00 X 237443 0 36186 STEPHANIE PREBISH MANAGING DIRECTOR, ASSOCIATION SERVICES 40.00 X 235506 0 28673 ROXANNE ORTICKE CHIEF FINANCIAL OFFICER 40.00 X 229425 0 30834 JOE HUSSEY CHAIRPERSON 2.00 X X 0 0 0 LAURA LISTWAN VICE CHAIRPERSON 2.00 X X 0 0 0 JOHN LUCAS SECRETARY/TREASURER 2.00 X X 0 0 0 MARLENE BARKHEIMER DIRECTOR 2.00 X 0 0 0 SARAH BILLINGS DIRECTOR 2.00 X 0 0 0 LISA COFFEY DIRECTOR 2.00 X 0 0 0 ELIZABETH CRONENWORTH DIRECTOR 2.00 X 0 0 0 NICHOLAS DRINKWINE DIRECTOR 2.00 X 0 0 0 CHRISTOPHER RICHARDS DIRECTOR 2.00 X 0 0 0 VIKRAM ISRANI DIRECTOR 2.00 X 0 0 0 TINA KNAPP DIRECTOR 2.00 X 0 0 0 STEPHEN MAX DIRECTOR 2.00 X 0 0 0 ARTHUR MCCRAY DIRECTOR 2.00 X 0 0 0 TIM MILLS DIRECTOR 2.00 X 0 0 0 PHIL PICILLO DIRECTOR 2.00 X 0 0 0 WILLIAM SCHOCH DIRECTOR 2.00 X 0 0 0 CARL SLABICKI DIRECTOR 2.00 X 0 0 0 MICHELLE ZIOLKOWSKI DIRECTOR 2.00 X 0 0 0 3401560 0 362330 53 0 1 0 PTAP ADVISORY 1500 N DEE ROAD PARK RIDGE IL 60068 CONSULTING / SERVICES 259574 SIDLEY AUSTIN 1501 K STREET NW WASHINGTON DC 20005 CONSULTING / SERVICES 209507 RICHARD FEUR ANDERSON 1133 CONNECTICUT AVE SUITE 620 WASHINGTON DC 20036 CONSULTING / SERVICES 150000 ROY DECICCO 40 DRAKE WAY FLANDERS NJ 07836 CONSULTING / SERVICES 150000 4 ACH ADMINISTRATIVE FEE 900099 13669376 13669376 CONFERENCES 900099 3551520 3551520 MEMBERSHIP DUES 900099 3242197 3242197 ACCREDITATION PROGRAMS 900099 892660 892660 OTHER REVENUE 900099 535787 432682 103105 737479 737479 22629019 20544 20544 1641943 362769 1279174 1279174 CONSULTATIVE SERVICES 541900 589265 589265 PREFERRED MARKETING PROGRAM 541990 436113 305279 130834 1025378 24954115 24110367 823204 20544 2248030 9434670 590776 956195 675245 284763 168151 1477975 1184200 568191 2146901 559110 385592 1460274 1257823 194026 PUBLIC RELATIONS 209351 23801273 66282 56885 15290801 17103442 2355487 1883498 16500 14973 758421 1208076 8946609 7271455 2060262 1675154 2234579 2654843 2255286 2718342 25037618 27315213 2854948 3157927 3356232 4108959 3096050 3264833 9307230 10531719 X 15730388 16783494 15730388 16783494 25037618 27315213 1152842 -99736 0 X X 0 1 X 1 0 0 1 0 1561041 1261708 299333 1228952 1016151 212801 6156616 4993596 1163020 1675154 ACCRUED INTEREST 6492 DEFERRED COMPENSATION PLAN ASSETS 1702629 DEPOSITS 55053 RIGHT-OF-USE ASSET 954168 2718342 DEFERRED COMPENSATION OBLIGATION 1702629 OTHER LIABILITY 14186 LEASE LIABILITY 1548018 3264833 X 25217148 -99736 -99736 25316884 -362769 -362769 24954115 24164042 362769 362769 23801273 0 23801273 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). THE ASSOCIATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE ASSOCIATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -362,769. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 362,769. X X X X 0 0 0 JANE LARIMER CEO AND PRESIDENT 586034 0 305000 0 1761 0 24400 0 13405 0 930600 0 0 0 SCOTT LANG CHIEF OF STAFF 277308 0 89000 0 1882 0 22911 0 12293 0 403394 0 0 0 MICHAEL HERD VICE PRESIDENT, ACH NETWORK ADMINIST 252709 0 87000 0 1761 0 21119 0 27009 0 389598 0 0 0 NICK HAMADE CHIEF TECHNOLOGY OFFICER 236892 0 60000 0 1761 0 20386 0 27009 0 346048 0 0 0 GEORGE THROCKMORTOM MANAGING DIRECTOR, STRATIC INITIATIV 211016 0 62750 0 1261 0 17640 0 20566 0 313233 0 0 0 JEANETTE BLANCO GENERAL COUNSEL 222458 0 50000 0 1982 0 18349 0 12293 0 305082 0 0 0 WILLIAM SULLIVAN SEN. DIR & GROUP MGR. GOV. & INSUTRY 199650 0 47200 0 1761 0 16371 0 12886 0 277868 0 0 0 VICTORIA DAY CHIEF COMMUNICATIONS OFFICER 184182 0 52000 0 1261 0 15620 0 20566 0 273629 0 0 0 STEPHANIE PREBISH MANAGING DIRECTOR, ASSOCIATION SERVI 185785 0 49000 0 721 0 15231 0 13442 0 264179 0 0 0 ROXANNE ORTICKE CHIEF FINANCIAL OFFICER 184220 0 44000 0 1205 0 15414 0 15420 0 260259 0 0 0 PART I, LINE 1A NACHA PROVIDES A WELLNESS BENEFIT UP TO $500 THAT IS REIMBURSED UPON DOCUMENTATION OF ELIGIBLE EXPENSES AND IT IS INCLUDED ON THE EMPLOYEES PAYROLL AS A TAXABLE FRINGE BENEFIT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE MANAGEMENT OF THE CORPORATION WHEN THE BOARD IS NOT IN SESSION. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, THE VICE-CHAIRPERSON, AND THE SECRETARY/TREASURER, AND IS CHAIRED BY THE CHAIRPERSON OF THE BOARD. THE PRESIDENT OF THE ORGANIZATION SERVES AS THE EX OFFICIO NON-VOTING MEMBER OF THE EXECUITVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION (NACHA) IS A TRADE ASSOCIATION. ITS BYLAWS INCLUDE THREE DISTINCT MEMBERSHIP CLASSES INCLUDING DIRECT FINANCIAL INSTITUTION (DFI) MEMBER, PAYMENTS ASSOCIATION (PA) MEMBER AND COUNCIL MEMBERSHIPS. EACH CLASS OF MEMBERSHIP HAS THE RIGHT TO VOTE FOR DIRECTORS AND OFFICERS OF NACHA AND SHALL DESIGNATE ONE INDIVIDUAL REPRESENTATIVE FOR PURPOSES OF VOTING AND ANY OTHER PURPOSES RELEVANT TO NACHA. A DUES-BASED MEMBERSHIP ASSOCIATION THAT ADDRESSES PAYMENTS SYSTEM TOPICS AND HAS THE PRIMARY PURPOSE OF PROVIDING EDUCATIONAL, REGULATORY, AND COMMUNICATIONS SUPPORT FOR ITS MEMBERS' USE OF THE ACH NETWORK AND COMPLIANCE WITH THE NACHA OPERATING RULES IS ELIGIBLE TO JOIN AS A MEMBER PA. PAS HAVE THE AUTHORITY TO REPRESENT AND VOTE ON BEHALF OF ONLY ITS DFI MEMBERS ON THE NACHA OPERATING RULES. THE PA SHALL BE INCORPORATED IN THE US, OR IF NOT INCORPORATED SHALL BE PART OF AN ENTITY THAT IS INCORPORATED IN THE US. A MAJORITY OF PAS SHALL BE DFIS AND, IF APPLICABLE, DFIS SHALL HOLD MAJORITY OWNERSHIP IN THE PA PARENT ENTITY. DFI MEMBERS OF AN PA SHALL BE CONSIDERED INDIRECT MEMBERS OF NACHA. A DFI THAT IS A MEMBER OF ANY PAYMENT ASSOCIATION THAT IS (I) ITSELF A MEMBER OF THE ORGANIZATION, AND (II) A RECOGNIZED PROVIDER OF EDUCATION AND TRAINING THAT HAS MET THE CRITERIA SET BY THE ORGANIZATION FOR PAYMENTS ACCREDITATION, MAY JOIN AS A MEMBER. REPRESENTATIVES OF DFIS AND OTHER STAKEHOLDERS FOCUSED ON DEVELOPING ELECTRONIC PAYMENT AND E-COMMERCE APPLICATIONS MAY FORM A COUNCIL IN ACCORDANCE WITH POLICIES AND PROCEDURES ADOPTED BY THE BOARD. THE COUNCIL IS PART OF THE ORGANIZATION AND NOT SEPARATELY INCORPORATED, BUT IS CONSIDERED A MEMBER. THE COUNCIL'S INDIVIDUAL OR ORGANIZATION MEMBERS, OR EMANCIPATED GROUPS, ARE NOT CONSIDERED MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A EACH CLASS OF MEMBERSHIP SHALL HAVE THE RIGHT TO VOTE FOR DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION A, LINE 7B DFI AND RPA MEMBERS SHALL BE ALLOTTED A CERTAIN NUMBER OF VOTES ON THE NACHA OPERATING RULES BASED ON ANNUAL MEMBERSHIP DUES AND THE ANNUAL ACH ORIGINATED AND RECEIVED VOLUME OF ITS RESPECTIVE FINANCIAL INSTITUTIONS. DFI AND RPA MEMBERS SHALL HAVE THE POWER TO OVERRIDE ANY AMENDMENT TO THE BYLAWS VOTED ON BY THE BOARD OF DIRECTORS BY A TWO-THIRDS MAJORITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT & CEO FOR ACCURACY AND COMPLETENESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS OF THE BOARD ARE COVERED UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST EXISTS IF THE DIRECTOR'S ALLEGIANCE MIGHT BE SPLIT BETWEEN A NACHA POSITION OR RESPONSIBLITY AND SOME OTHER PROFESSIONAL POSITION OR RESPONSIBILITY. DIRECTORS ARE REMINDED AT THE BEGINNING OF EVERY MEETING OF THE COI POLICY AND SUBMITTAL OF ANY COI IS MADE AT THE BEGINNING OF A DIRECTOR TERM AND UPDATED IF REQUIRED. NEW DIRECTORS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY (COI) DURING BOARD ORIENTATION AND ARE REQUESTED TO COMPLETE A DISCLOSURE FORM OF ACTUAL OR POTENTIAL CONFLICTS. EACH DIRECTOR IS RESPONSIBLE FOR PROVIDING NOTICE TO THE CHAIRPERSON IF A CONFLICT OF INTEREST ARISES. THE CHAIRPERSON OF THE BOARD, IN CONSULTATION WITH THE THE EXECUTIVE COMMITTEE AS NECESSARY, REVIEWS AND DETERMINES IF A CONFLICT OF INTEREST EXISTS. A COMPLETE DISCLOSURE IS MADE TO THE FULL BOARD OF ALL BOARD MEMBERS' COI FILINGS, INCLUDING THE DATE OF THE LAST FILING AND ALL POTENTIAL AND ACTUAL CONFLICTS, BUSINESS AND OTHER. ANY DIRECTOR WITH A CONFLICT OF INTEREST MAY BE ASKED TO RECUSE HIM/HERSELF FROM REPORTS, DISCUSSION, DEBATES, AND DECISION-MAKING REGARDING THE MATTER. A DIRECTOR WITH A CONFLICT OF INTEREST MAY BE ASKED TO RESIGN IF DISCLOSURE AND RECUSAL CANNOT REMEDY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 NACHA PARTICIPATES ANNUALLY/SEMI-ANNUALLY IN COMPENSATION SURVEYS TO REMAIN COMPETITIVE IN THE MARKET. A BENCHMARKING ANALYSIS IS CONDUCTED ANNUALLY TO ENSURE NACHA'S KEY EMPLOYEES AND STAFF ARE COMPENSATED COMPETITIVELY BASED ON A NUMBER OF FACTORS TO INCLUDE: INDUSTRY, SKILL SET AND GEOGRAPHICAL LOCATION. THE MOST RECENT PROCESS WAS PERFORMED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AS REQUIRED UNDER DISCLOSURE REQUIREMENTS OF 501(C)(6). PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.