2020-05-22T16:03:04-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 5255 EAST WILLIAMS CIRCLE STE 5000 TUCSON AZ 85711 990 2019-01-01 237240059 WESTERN PAYMENTS ALLIANCE WEST 4154331230 601 MONTGOMERY STREET NO 710 SAN FRANCISCO CA 94111 WILLIAM J SCHOCH PRESIDENT & CEO 4154331230 2020-05-21 1 LISA ADAMS P00854368 5207903500 2020-05-21 67.137.57.251 2020-05-21 13:17:04 US P FD4E4733CD88BB852BC71ECFBAEF90C681185790 24F764D96812C05DEDF367BF754384A084F5E9CA 2019 2020-09-23 17:36:50Z X WILLIAM J SCHOCH 601 MONTGOMERY STREET NO 710 SAN FRANCISCO CA 94111 4728812 0 X WWW. WESPAY. ORG X 1972 CA BUILDING AND SHARING KNOWLEDGE TO GUIDE MEMBERS THROUGHOUT THEIR PAYMENTS JOURNEY...FROM CONCEPT TO OPERATION. 17 17 23 52 0 0 0 0 4460768 4687136 2260 33632 564 361 4463592 4721129 0 0 89343 87744 2989019 3055591 0 0 0 1237053 1389081 4315415 4532416 148177 188713 3723155 3909006 1563511 1560649 2159644 2348357 WESPAY IS A MEMBERSHIP-BASED PROFESSIONAL ASSOCIATION DEDICATED TOPROMOTING THE GROWTH AND BEST USE OF ELECTRONIC PAYMENTS THROUGHEDUCATION, INFORMATION EXCHANGE, AND ADVOCACY. 0 0 MEMBER EDUCATION - WESTERN PAYMENTS ALLIANCE OFFERS TRAINING IN 3CHANNELS: FACE-TO-FACE WORKSHOPS, WEBINARS AND WEBCASTS. THE ORGANIZATION OFFERS IN-PERSON WORKSHOPS IN EVERY STATE THROUGHOUT ITS SERVICE TERRITORY. WESTERN PAYMENTS ALLIANCE OFFERS AN AVERAGE OF 8 - 10 WEBINAR TOPICS EACH MONTH AND NOW HAVE 80 TOPICS IN OUR ONLINE LIBRARY. WESPAY ALSO OFFERS IN-HOUSE MEMBER TRAINING AND MEMBER-SPONSORED CORPORATE TRAINING. ADVISORY SERVICES INCLUDE RULE AND COMPLIANCE ADVICE FOR VARIOUS PAYMENT CHANNELS THAT INCLUDE ACH, CHECK, WIRE, MOBILE, REMOTE DEPOSIT CAPTURE, CARD AND REAL TIME PAYMENTS. INFORMATION SERVICES INCLUDE PAYMENTS HOTLINE, WEBSITE AND MONTHLY MEMBER COMMUNICATIONS. PAYMENTS HOTLINE IS STAFFED BY 10 INDUSTRY-CERTIFIED EMPLOYEES. THE ORGANIZATION'S WEBSITE IS A CRITICAL INTERFACE WITH ITS MEMBERS. FOR MEMBER COMMUNICATIONS, THE ORGANIZATION HAS A MONTHLY DIGEST OF PAYMENTS 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 MEMBER 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 14 0 23 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X DENNIS DUONG 4154331207 601 MONTGOMERY STREET SUITE 710 SAN FRANCISCO CA 94111 TOM GENNESSY AT-LARGE DIRECTOR 1.50 X 0 0 0 JOE HUSSEY IMMEDIATE PAST CHAIR 1.50 X X 0 0 0 CRISTINA HELLEMS MP CHAIR 1.50 X X 0 0 0 JIM MORRELL VICE CHAIR 1.50 X X 0 0 0 DEBRA WENDT AAP SECRETARY 1.50 X X 0 0 0 JAMES P FLEISHER MP NCP AT-LARGE DIRECTOR 1.50 X 0 0 0 BRAD GANEY AT-LARGE DIRECTOR 1.50 X 0 0 0 DAVE HARVEY AT-LARGE DIRECTOR 1.50 X 0 0 0 RICHARD SHIER AT-LARGE DIRECTOR 1.50 X 0 0 0 WILLIAM J SCHOCH PRESIDENT & CEO 38.50 1.50 X X 414000 0 35197 STEPHEN MAX TREASURER 1.50 X X 0 0 0 DANIEL DARROW AT-LARGE DIRECTOR 1.50 X 0 0 0 CHRIS HUPPERT RESERVED DIRECTOR 1.50 X 0 0 0 AMY FOULKS RESERVED DIRECTOR 1.50 X 0 0 0 JOSE LARA AT-LARGE DIRECTOR 1.50 X 0 0 0 JENNIFER DENOO AT-LARGE DIRECTOR 1.50 X 0 0 0 SHAUN HEGSTED AT-LARGE DIRECTOR 1.50 X 0 0 0 CHRISTIAN SELMI MP SVP - RISK AND COMPLIANCE 39.50 0.50 X 212700 0 11256 KARROLL SEARCY SVP - MARKETING AND MEMBER SERVICES 40.00 X 180000 0 28384 MELISSA GIDDENS SVP - PAYMENTS STRATEGY 40.00 X 168000 0 25901 KIM BICKFORD SVP - INDUSTRY RELATIONS 40.00 X 168000 0 34902 JOHN CURTIS SVP - EDUCATION AND TRAINING 39.50 0.50 X 177264 0 17161 1319964 0 152801 6 0 1 0 NACHA 2550 WASSER TERRACE SUITE 400 HERNDON VA 20171 DUES AND PUBLICATION 149000 PROFESSIONAL DEVELOPMENT GROUP II INC PO BOX 99 BLOOMINGTON IN 47402 MANAGEMENT AND REIMBURSEMENT OF SYMPOSIU 146000 2 DUES & ASSESSMENTS 611710 3198613 3198613 SEMINARS, PUBLICATIONS 611710 1488523 1488523 4687136 41315 41315 7683 -7683 -7683 -7683 INCOME FROM REBATES 611710 361 361 361 4721129 4679814 0 41315 87744 414000 2094224 85169 297335 164863 1587 267971 137655 59915 306491 34962 36351 PRINTING & PUBLICATIONS 192339 SEMINARS AND WORKSHOPS 146206 REPAIRS AND MAINTENANCE 106882 NACHA ASSESSMENT 79764 18958 4532416 1315688 1954744 1513315 1021480 175809 243058 236946 154650 149777 98477 67188 51300 414209 483774 3723155 3909006 719939 666858 680363 659917 163209 233874 1563511 1560649 X 2159644 2348357 2159644 2348357 3723155 3909006 188713 0 X X 0 1 X 1 0 0 1 0 55718 40676 15042 94059 57801 36258 51300 INVESTMENT IN WESPAY ADVISORS 249900 DEFERRED COMPENSATION TRUST 233874 483774 NONQUALIFIED DEFERRED COMPENSATION PAYABLE 233874 233874 X PART X, LINE 2: THE ORGANIZATION FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, TO ACCOUNT FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE CONSOLIDATED STATEMENT 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 J SCHOCH PRESIDENT & CEO 300000 0 114000 0 0 0 13940 0 21257 0 449197 0 0 0 CHRISTIAN SELMI MP SVP - RISK AND COMPLIANCE 186200 0 26500 0 0 0 10450 0 806 0 223956 0 0 0 KARROLL SEARCY SVP - MARKETING AND MEMBER SERVICES 155000 0 25000 0 0 0 7200 0 21184 0 208384 0 0 0 MELISSA GIDDENS SVP - PAYMENTS STRATEGY 144000 0 24000 0 0 0 4889 0 21012 0 193901 0 0 0 KIM BICKFORD SVP - INDUSTRY RELATIONS 153000 0 15000 0 0 0 7392 0 27510 0 202902 0 0 0 JOHN CURTIS SVP - EDUCATION AND TRAINING 156000 0 21264 0 0 0 8279 0 8882 0 194425 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP INCLUDES DEPOSITORY FINANCIAL INSTITUTIONS (BANKS, SAVINGS AND 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 MODIFICATIONS 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 REVIEWS THE FINAL AUDITED FINANCIAL STATEMENTS EACH MAY 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 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 ARE 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 FINAL DETERMINATION OF THE CEO'S COMPENSATION IS THE RESPONSIBILITY OF THE PERSONNEL COMMITTEE, A BOARD-LEVEL COMMITTEE. IN MAKING THE ANNUAL DETERMINATION, 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 CEOS FROM COMPARABLE 501(C)(6) ASSOCIATIONS THAT ARE IDENTIFIED IN 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 FOR STAFF COMPENSATION ARE 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 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE AUDIT COMMITTEE'S OVERSIGHT PROCESS. WESPAY ADVISORS 601 MONTGOMERY STREET NO 710 SAN FRANCISCO CA 94111 810985877 ADVISORY SERVICES CA WESTERN PAYMENTS ALLIANCE C 873832 1018186 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 WESPAY ADVISORS A 7383 ACTUAL WESPAY ADVISORS L 2232 ACTUAL WESPAY ADVISORS N 15984 ACTUAL WESPAY ADVISORS P 13804 ACTUAL WESPAY ADVISORS Q 431536 ACTUAL