2018-10-31T16:20:56-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 2550 WASSER TERRACE NO 400 HERNDON VA 20171 JANET O ESTEP PRESIDENT & CHIEF EXECUTIVE OFFICER 7035611100 2018-10-30 1 IVY BECKHAM P01316131 5712279500 67.137.57.251 2018-10-30 12:32:23 ED P A31B8943A14933A3BF1B290C164803F9A7DCE6A3 88FC096EEAA4AA34D2309BD4BFC487DBE06F0B48 2017 2019-02-21 02:37:17Z NACHA - THE ELECTRONIC PAYMENTS ASSOCIATION JANET O ESTEP 2550 WASSER TERRACE NO 400 HERNDON VA 20171 20022841 0 X WWW.NACHA.ORG X 1974 DE REPRESENTING OVER 9,000 FINANCIAL INSTITUTIONS ON ELECTRONIC PAYMENT SOLUTIONS. 19 19 74 100 120358 -84987 0 0 17081409 17485003 37484 40472 1732571 1889321 18851464 19414796 0 0 0 0 10773641 11270101 0 0 0 7537423 8467246 18311064 19737347 540400 -322551 19023581 18978519 9575422 9854401 9448159 9124118 X NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION (NACHA)'S MISSION IS TO PROMOTE THE DEVELOPMENT OF ELECTRONIC SOLUTIONS THAT IMPROVE THE PAYMENT SYSTEM FOR THE BENEFIT OF ITS MEMBERS AND THEIR CUSTOMERS. 0 0 ACH NETWORK ADMINISTRATOR: PRIVATE SECTOR RULEMAKING BODY FOR THE ACH NETWORK WHICH ENABLES THE SETTLEMENT OF ELECTRONIC PAYMENTS AMONGST MORE THAN 10,500 PARTICIPATING FINANCIAL INSTITUTIONS RISK MANAGEMENT, RULES ENFORCEMENT, NETWORK ADVOCACY AND DEVELOPMENT OF ELECTRONIC SOLUTIONS IS ALSO INCLUDED WITHIN THE PROGRAM SERVICES AS ADMINISTRATOR FOR THE ACH NETWORK. NACHA ANNUAL PAYMENTS CONFERENCE: NATIONAL EDUCATION PROGRAM WITH OVER 2,000 PARTICIPANTS, WHICH PROVIDE INFORMATION ABOUT THE LATEST OPERATIONS/MARKETING INNOVATIONS IN THE ACH NETWORK AND ELECTRONIC PAYMENTS. PUBLICATIONS:SALE OF THE NACHA OPERATING RULES AND GUIDELINES AND OVER 200 OTHER PUBLICATIONS ON ELECTRONIC PAYMENTS. EDUCATION & TRAINING PROGRAMS:NATIONAL TRAINING PROGRAMS INCLUDE THE PAYMENTS INSTITUTE AND WEBINARS ON THE LATEST TOPICS IN THE ACH NETWORK AND ELECTRONIC PAYMENTS. COUNCIL PROGRAMS:THROUGH THE PAYMENTS INNOVATION ALLIANCE OVER 200 INDUSTRY STAKEHOLDERS GATHER TO SHAPE THE FUTURE OF PAYMENTS IN THE U.S. AND GLOBALLY. ACCREDITED ACH PROFESSIONAL PROGRAM:NATIONAL ACCREDITATION PROGRAM THAT INCLUDES OVER 4,800 AAP CREDENTIAL HOLDERS. INDUSTRY/ASSOCIATION RELATIONS:ACTIVE ENGAGEMENT AT MORE THAN 80 DIVERSE INDUSTRY EVENTS IN 2017 AS ATTENDEES AND THROUGH SPEAKING OPPORTUNITIES, SPONSORSHIP AND EXHIBITING TO EDUCATE AND ADVOCATE FOR THE ACH NETWORK PRIORITIES. 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 21 0 74 1 1 1 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAMELA B MOORE SVP CHIEF FINANC 7035611100 2550 WASSER TERRACE SUITE 400 HERNDON VA 20171 LAURA LEE ORCUTT CHAIRPERSON 2.00 X X 0 0 0 JAMES M MORRELL VICE CHAIRPERSON 2.00 X X 0 0 0 CRAIG T VAREAM SECRETARY/TREASURER 2.00 X X 0 0 0 RICHARD W BURKE JR ALLIANCE REPRESENTATIVE 2.00 X 0 0 0 FRED LAING ALLIANCE REPRESENTATIVE 2.00 X 0 0 0 PAUL E BYRNE DFI REPRESENTATIVE 2.00 X 0 0 0 MICHAEL FOSSACECA DFI REPRESENTATIVE 2.00 X 0 0 0 ROBERT GARINGER DFI REPRESENTATIVE 2.00 X 0 0 0 DAVID KRETZ DFI REPRESENTATIVE 2.00 X 0 0 0 JOHN E LUCAS DFI REPRESENTATIVE 2.00 X 0 0 0 UMA WILSON DFI REPRESENTATIVE 2.00 X 0 0 0 MICHAEL BELLACOSA RPA REPRESENTATIVE 2.00 X 0 0 0 KEVIN J CHRISTENSEN RPA REPRESENTATIVE 2.00 X 0 0 0 WILLIAM J SCHOCH RPA REPRESENTATIVE 2.00 X 0 0 0 AMY L SMITH RPA REPRESENTATIVE 2.00 X 0 0 0 LAURA STEELE RPA REPRESENTATIVE 2.00 X 0 0 0 LARRY TAFT RPA COMMUNITY BANK REP 2.00 X 0 0 0 RHONDA L PAVLICEK RPA/NP CREDIT UNION REP 2.00 X 0 0 0 TYNIKA WILSON RPA/NP CREDIT UNION REP 2.00 X 0 0 0 JANET O ESTEP PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X 999174 0 28594 JANE E LARIMER COO & GENERAL COUNSEL 40.00 X 410855 0 78919 PAMELA B MOORE SVP & CHIEF FINANCIAL OFFICER 40.00 X 309599 0 19309 SCOTT M LANG SR. VICE PRESIDENT 40.00 X 312434 0 23235 MICHAEL HERD SR. VICE PRESIDENT 40.00 X 294740 0 29876 GEORGE THROCKMORTON MANAGING DIRECTOR 40.00 X 236096 0 21202 WILLIAM SULLIVAN SR. DIRECTOR & GROUP MANAGER 40.00 X 224443 0 17659 MICHAEL MURPHY SR. DIRECTOR 40.00 X 195538 0 21584 CYNTHIA JENKINS UNTIL 1117 SR. DIRECTOR & GROUP MANAGER 40.00 X 182542 0 13852 VICTORIA DAY SR. DIRECTOR & GROUP MANAGER 40.00 X 187426 0 20022 3352847 0 274252 35 0 1 0 CGI TECHNOLOGIES 12907 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE DEVELOPMENT 901132 OLIVER WYMAN PO BOX 3800-28 BOSTON MA 02241 CONSULTING 603028 OMNIPRESS 2900 ANDERSIN STREET MADISON WI 53704 PRINTING 364479 SIDLEY & AUSTIN 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 277119 O'KEEFE COMMUNICATIONS LLC 2 BETHESDA METRO CENTER 300 BETHESDA MD 20814 COMMUNICATIONS 271917 17 ACH ADMINISTRATIVE FEE 900099 9380687 9380687 CONFERENCES 900099 3573770 2908620 665150 MEMBERSHIP DUES 900099 3273730 3232430 41300 AAP PROGRAM 900099 661688 661688 EDUCATION AND TRAINING 611710 595128 574653 20475 17485003 40327 40327 244351 244351 137568 137423 145 145 145 1674695 470622 1204073 1204073 SYSTEM OF FINES 900099 221750 221750 PREFERRED MARKETING PROGRAM 541990 67597 27834 23858 15905 SPECIAL PROJECTS 900099 35050 35050 116500 96500 20000 440897 19414796 18246785 120358 1047653 2475104 7011763 403929 834219 545086 353850 107090 1710943 1454779 219911 942449 526567 507980 1303942 1016 790275 174764 BANK & CREDIT CARD FEES 141023 DUES & SUBSCRIPTIONS 90884 REBATES 72436 RESEARCH 39750 29587 19737347 47036 38383 8735576 8068270 1500129 1374784 34938 25338 1000075 759366 5910174 3037720 2648119 2872454 3472145 3970655 1585563 1869269 19023581 18978519 3019735 3019216 2828728 2977075 3726959 3858110 9575422 9854401 X 9448159 9124118 9448159 9124118 19023581 18978519 -322551 -1490 0 X 0 1 X 1 0 0 0 0 3273730 16770 16770 0 16770 1561041 480882 1080159 1174542 710169 464373 3174591 1846669 1327922 2872454 ACCRUED INTEREST 11456 DEFERRED COMPENSATION PLAN ASSETS 1802760 DEPOSITS 55053 1869269 DEFERRED RENT OBLIGATION 1813235 DEFERRED COMPENSATION OBLIGATION 2023593 CAPITAL LEASE OBLIGATION 21282 3858110 X 19883928 -1490 -1490 19885418 -470622 -470622 19414796 20207969 470622 470622 19737347 0 19737347 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. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -470,622. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 470,622. X X X X 0 0 0 JANET O ESTEP PRESIDENT & CHIEF EXECUTIVE OFFICER 543306 0 434700 0 21168 0 21600 0 6994 0 1027768 0 0 0 JANE E LARIMER COO & GENERAL COUNSEL 261734 0 130500 0 18621 0 71600 0 7319 0 489774 0 0 0 PAMELA B MOORE SVP & CHIEF FINANCIAL OFFICER 211438 0 79000 0 19161 0 18448 0 861 0 328908 0 0 0 SCOTT M LANG SR. VICE PRESIDENT 218473 0 76000 0 17961 0 18915 0 4320 0 335669 0 0 0 MICHAEL HERD SR. VICE PRESIDENT 221119 0 73000 0 621 0 17739 0 12137 0 324616 0 0 0 GEORGE THROCKMORTON MANAGING DIRECTOR 187475 0 48000 0 621 0 15048 0 6154 0 257298 0 0 0 WILLIAM SULLIVAN SR. DIRECTOR & GROUP MANAGER 177407 0 46415 0 621 0 14242 0 3417 0 242102 0 0 0 MICHAEL MURPHY SR. DIRECTOR 158596 0 35160 0 1782 0 12830 0 8754 0 217122 0 0 0 CYNTHIA JENKINS UNTIL 1117 SR. DIRECTOR & GROUP MANAGER 147478 0 34000 0 1064 0 11798 0 2054 0 196394 0 0 0 VICTORIA DAY SR. DIRECTOR & GROUP MANAGER 153980 0 32825 0 621 0 12368 0 7654 0 207448 0 0 0 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 MEMBER, REGIONAL PAYMENTS ASSOCIATION MEMBER AND COUNCIL MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF EXECUTIVE DIRECTOR REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C 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, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, CONSIDERS ALL DISCLOSURES OF OTHER INTERESTS TO DETERMINE WHETHER A DIRECTOR CAN BE UNBIASED AND OBJECTIVE WHEN PARTICIPATING IN THE NACHA DECISION MAKING PROGRESS PRIOR TO EACH BOARD MEETING. A COMPLETE DISCLOSURE IS MADE OF ALL BOARD MEMBERS' COI FILINGS, INCLUDING THE DATE OF THE LAST FILING AND ALL POTENTIAL AND ACTUAL CONFLICTS, BUSINESS AND OTHER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE DIRECTOR (CEO) BASED ON PERFORMANCE AND INDEPENDENT COMPENSATION RESEARCH OF SIMILAR INDUSTRY, SIZE, SCOPE, AND GEOGRAPHIC LOCATION. TOP MANAGEMENT AND KEY EMPLOYEE COMPENSATION IS APPROVED BY THE CEO BASED ON PERFORMANCE AND INDEPENDENT RESEARCH RELATIVE TO BOTH BANKING AND ASSOCIATION INDUSTRIES. THE MOST RECENT PROCESS WAS PERFORMED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OR INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AS REQUIRED UNDER DISCLOSURE REQUIREMENTS OF 501(C)(6).