2016-11-14T21:29:55-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2015-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 2550 WASSER TERRACE NO 400 HERNDON VA 20171 JANET O ESTEP PRESIDENT & CHIEF EXECUTIVE OFFICER 7035611100 2016-11-14 1 DAVID TRIMNER CPA P00444822 5712279500 2016-11-14 2015 2017-02-10 21:41:12Z NACHA - THE ELECTRONIC PAYMENTS ASSOCIATION JANET O ESTEP 2550 WASSER TERRACE NO 400 HERNDON VA 20171 23130520 0 X WWW.NACHA.ORG X 1974 DE REPRESENTING OVER 9,000 FINANCIAL INSTITUTIONS ON ELECTRONIC PAYMENT SOLUTIONS. 19 19 75 150 4933 -2254 0 0 14908985 16555113 10069 25732 1784984 1792951 16704038 18373796 0 0 0 0 9810427 10291860 0 0 0 7385761 6641314 17196188 16933174 -492150 1440622 15762159 18154577 8274256 9241548 7487903 8913029 X 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 11000 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 2000 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 STAKEHOLDER GATHER TO SHAPE THE FUTURE OF PAYMENTS IN THE U.S. AND GLOBALLY. ACCREDITED ACH PROFESSIONAL PROGRAM: NATIONAL ACCREDIDATION PROGRAM THAT INCLUDES OVER 4,360 AAP CREDENTIAL HOLDERS AND IN 2015 375 NEW AAPS SUCCESSFULLY PASSED THE AAP EXAM. INDUSTRY/ASSOCIATION RELATIONS: ACTIVE ENGAGEMENT AT MORE THAN 80 DIVERSE INDUSTRY EVENTS IN 2015 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 16 0 75 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 RUSSELL K OATMAN CHAIRPERSON 2.00 X X 0 0 0 COLLEEN J TAYLOR VICE CHAIRPERSON 2.00 X X 0 0 0 CRAIG T VAREAM SECRETARY/TREASURER 2.00 X X 0 0 0 FRED LAING ALLIANCE REPRESENTATIAVE 2.00 X 0 0 0 LAURA LEE ORCUTT ALLIANCE REPRESENTATIAVE 2.00 X 0 0 0 PAT THELAN ALLIANCE REPRESENTATIAVE 2.00 X 0 0 0 PAUL E BYRNE DFI REPRESENTATIVE 2.00 X 0 0 0 SAYANTAN CHAKRABORTY DFI REPRESENTATIVE 2.00 X 0 0 0 ROBERT GARINGER DFI REPRESENTATIVE 2.00 X 0 0 0 ATHER WILLIAMSIII DFI REPRESENTATIVE 2.00 X 0 0 0 MARY BURCHETTE RPA REPRESENTATIVE 2.00 X 0 0 0 RICHARD W BURKE JR RPA REPRESENTATIVE 2.00 X 0 0 0 AMY L SMITH RPA REPRESENTATIVE 2.00 X 0 0 0 JANET C BOYST RPA/COMMUNITY BANK REP 2.00 X 0 0 0 CHRSTINA M GIORGIA RPA/COMMUNITY BANK REP 2.00 X 0 0 0 JUDY D LONG RPA/COMMUNITY BANK REP 2.00 X 0 0 0 CHET KIMMELL RPA/NP CREDIT UNION REP 2.00 X 0 0 0 JAMES M MORRELL 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 DIRECTOR 40.00 X 802407 0 43484 PAMELA B MOORE SVP & CHIEF FINANCIAL OFFICER 40.00 X 297260 0 18096 JANE E LARIMER EVP & GENERAL COUNSEL 40.00 X 371697 0 91305 SCOTT M LANG SR. VICE PRESIDENT 40.00 X 289741 0 28632 MICHAEL HERD SR. MANAGING DIRECTOR 40.00 X 257057 0 45196 GEORGE THROCKMORTON MANAGING DIRECTOR 40.00 X 218961 0 34986 WILLIAM SULLIVAN SR. DIRECTOR & GROUP MANAGER 40.00 X 196274 0 23823 CYNTHIA JENKINS SR. DIRECTOR & GROUP MANAGER 40.00 X 183136 0 24092 MICHAEL MURPHY SR. DIRECTOR 40.00 X 169049 0 32970 2785582 0 342584 33 0 1 0 FEDEX OFFICE PO BOX 371461 PITTSBURGH PA 152507461 PRINTING SERVICES 398869 O'KEEFE COMMUNICATIONS INC 4301 CONNECTICUT AVE NW WASHINGTON DC 20008 COMMUNICATION/ MARKETING 249124 SIDLEY & AUSTIN 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 238372 LINEMARK PRINTING INC 501 PRINCE GEORGES BLVD UPPER MARLBORO MD 20774 PRINTING SERVICES 192731 RICH FEUER ANDERSON 1133 CONNECTICUT AVENUE NW 620 WASHINGTON DC 20036 CONSULTANT 168350 6 ACH ADMINISTRATIVE FEE 900099 8867184 8867184 MEMBER DUES 900099 3336372 3295622 40750 CONFERENCES 900099 3007532 2471832 535700 AAP PROGRAM 900099 666128 666128 EDUCATION AND TRAINING 611710 663920 645489 18431 13977 5756 4933 3288 16555113 25679 25679 315833 315833 4200000 4199947 53 53 53 1644501 556777 1087724 1087724 SYSTEM OF FINES 900099 346000 346000 SPECIAL PROJECTS 900099 40690 40690 MISCELLANEOUS 900099 2704 2704 389394 18373796 17426425 4933 942438 1942622 6828272 402148 624218 494600 294032 93895 904829 1142332 218726 530248 515313 488893 1299476 1016 622139 154930 BANK AND CREDIT CARD FE 121902 RESEARCH 91261 DUES AND SUBSCRIPTIONS 77812 REBATES 58306 26204 16933174 53460 59413 6401273 8512158 1530084 1642535 114810 92586 485900 555617 4507434 2101930 2589307 2405504 3192811 3477415 1394514 1409349 15762159 18154577 2416235 2854196 2610275 2697815 3247746 3689537 8274256 9241548 X 7487903 8913029 7487903 8913029 15762159 18154577 1440622 -15496 0 X 0 1 X 1 0 0 1 0 1561041 168546 1392495 1085425 586351 499074 1860968 1347033 513935 2405504 ACCRUED INTEREST 5233 DEFERRED COMPENSATION PLAN ASSETS 1349063 DEPOSITS AND OTHER ASSETS 55053 1409349 DEFERRED RENT OBLIGATION 2176151 DEFERRED COMPENSATION OBLIGATION 1469896 CAPITAL LEASE OBLIGATION 43490 3689537 X 18915077 -15496 -15496 18930573 -556777 -556777 18373796 17489951 556777 556777 16933174 0 16933174 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 -556,777. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 556,777. X X X X 0 0 0 JANET O ESTEP PRESIDENT & CHIEF EXECUTIVE DIRECTOR 479664 0 286165 0 36578 0 21200 0 22284 0 845891 0 0 0 PAMELA B MOORE SVP & CHIEF FINANCIAL OFFICER 179907 0 81000 0 36353 0 17301 0 795 0 315356 0 0 0 JANE E LARIMER EVP & GENERAL COUNSEL 209344 0 126000 0 36353 0 70386 0 20919 0 463002 0 0 0 SCOTT M LANG SR. VICE PRESIDENT 183788 0 72000 0 33953 0 17657 0 10975 0 318373 0 0 0 MICHAEL HERD SR. MANAGING DIRECTOR 189704 0 67000 0 353 0 15290 0 29906 0 302253 0 0 0 GEORGE THROCKMORTON MANAGING DIRECTOR 169608 0 49000 0 353 0 14139 0 20847 0 253947 0 0 0 WILLIAM SULLIVAN SR. DIRECTOR & GROUP MANAGER 156921 0 39000 0 353 0 12848 0 10975 0 220097 0 0 0 CYNTHIA JENKINS SR. DIRECTOR & GROUP MANAGER 150783 0 32000 0 353 0 12386 0 11706 0 207228 0 0 0 MICHAEL MURPHY SR. DIRECTOR 139696 0 29000 0 353 0 11871 0 21099 0 202019 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 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 11 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. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AS REQUIRED UNDER DISCLOSURE REQUIREMENTS OF 501(C)6.