2015-11-16T15:57:36-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2014-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 2550 WASSER TERRACE NO 400 HERNDON VA 20171 JANET O ESTEP CEO & PRESIDENT 7035611100 2015-11-13 1 DAVID TRIMNER P00444822 5712279500 2014 2016-04-25 22:37:26Z X NACHA - THE ELECTRONIC PAYMENTS ASSOCIATION JANET O ESTEP 2550 WASSER TERRACE NO 400 HERNDON VA 20171 17162107 0 X WWW.NACHA.ORG X 1974 DE PROMOTE THE DEVELOPMENT OF ELECTRONIC SOLUTIONS THAT IMPROVE THE PAYMENT SYSTEM FOR THE BENEFIT OF ITS MEMBERS AND THEIR CUSTOMERS 17 17 76 150 0 0 0 0 14525736 14908985 9273 10069 1731967 1784984 16266976 16704038 0 0 0 0 9623893 9810427 0 0 0 6378983 7385761 16002876 17196188 264100 -492150 14501684 15762159 6518524 8274256 7983160 7487903 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 12,000 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 PROVIDES 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 PROGRAMSCOUNCIL PROGRAMSACCREDITED ACH PROFESSIONAL PROGRAMINDUSTRY/ASSOCIATION RELATIONS 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 15 0 76 1 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAMELA B MOORE 7035611100 2550 WASSER TERRACE STE 400 HERNDON VA 20171 PAT THELEN CHAIRPERSON 2.00 X X 0 0 0 COLLEEN TAYLOR VICE CHAIRPERSON 2.00 X X 0 0 0 RUSSELL K OATMAN SECRETARY/TREASURER 2.00 X X 0 0 0 MARY BURCHETTE RPA REPRESENTATIVE 2.00 X 0 0 0 DENNIS SIMMONS COUNCIL REPRESENTATIVE 2.00 X 0 0 0 LAURA LEE ORCUTT COUNCIL REPRESENTATIVE 2.00 X 0 0 0 SAYANTAN CHAKRABORTY DFI REPRESENTATIVE 2.00 X 0 0 0 PAUL E BYRNE DFI REPRESENTATIVE 2.00 X 0 0 0 JOHN E LUCAS DFI REPRESENTATIVE 2.00 X 0 0 0 CYNTHIA E MURRAY DFI REPRESENTATIVE 2.00 X 0 0 0 CRAIG T VAREAM DFI REPRESENTATIVE 2.00 X 0 0 0 RICHARD W BURKE JR 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 JANET C BOYST RPA/COMM BK REP 2.00 X 0 0 0 JUDY D LONG RPA/COMM BK REP 2.00 X 0 0 0 CHET KIMMELL RPA/NP CREDIT UNION REP 2.00 X 0 0 0 RICK RHOADS RPA/NP CREDIT UNION REP 2.00 X 0 0 0 TANIKA WILSON RPA/NP CREDIT UNION REP 2.00 X 0 0 0 BRIAN D EGAN OPERATOR ADVISOR 2.00 X 0 0 0 ALEX C ROMEO OPERATOR ADVISOR 2.00 X 0 0 0 JANET O ESTEP PRESIDENT & CEO 40.00 X 994166 0 51031 PAMELA B MOORE SVP & CFO 40.00 X 284387 0 17989 JANE LARIMER EVP & GENERAL COUNSEL 40.00 X 359997 0 89988 SCOTT LANG SVP 40.00 X 283967 0 28086 MICHAEL HERD SR MANAGING DIRECTOR 40.00 X 249513 0 44375 GEORGE THROCKMORTON MANAGING DIRECTOR 40.00 X 215216 0 33811 COLLEEN MORRISON MANAGING DIRECTOR 40.00 X 174793 0 30904 WILLIAM SULLIVAN SR DIRECTOR & GROUP MGR 40.00 X 179529 0 12765 CYNTHIA JENKINS SR DIRECTOR & GROUP MGR 40.00 X 170715 0 23321 2912283 0 332270 9 0 1 0 MARKET DYNAMICS PLATFORM 140 S DEARBORN STREET STE 1000 CHICAGO IL 60603 CONSULTANT 1023413 SIDLEY AUSTIN LLP 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 613415 KETCHUM INC 6 PPG PLACE 12TH FLOOR PITTSBURGH PA 15222 PUBLIC RELATIONS 266636 MARRIOTT BUSINESS SERVICES PO BOX 42751 ATLANTA GA 30384 HOTEL SERVICES 150554 ABILA DEPT 3395 PO BOX 123395 DALLAS TX 75312 SOFTWARE SERVICES 145973 6 ACH ADMINISTRATIVE FEE 900099 7573577 7573577 MEMBER DUES 900099 3253278 3200528 52750 CONFERENCES 900099 2867144 2068844 798300 AAP PROGRAM 900099 644032 644032 EDUCATION AND TRAINING 611710 570954 560529 10425 14908985 22857 22857 380364 380364 12788 -12788 -12788 -12788 1440622 445281 995341 995341 SYSTEM OF FINES 900099 369000 369000 SPECIAL PROJECTS 900099 39300 39300 MISCELLANEOUS 900099 979 979 409279 16704038 15451151 0 1252887 2109611 6133048 312750 767407 487611 615384 88088 1425923 1274269 274479 459949 557496 447474 1262110 85 559530 157092 BANK AND CREDIT CARD FE 110939 DUES AND SUBSCRIPTIONS 79639 REBATES 49225 RESEARCH 12318 11761 17196188 59372 53460 7059954 6401273 1083291 1530084 66984 114810 447125 485900 4075996 1486689 884966 2589307 3695919 3192811 1204073 1394514 14501684 15762159 2447572 2416235 2612692 2610275 1458260 3247746 6518524 8274256 X 7983160 7487903 7983160 7487903 14501684 15762159 -492150 -3107 0 X 0 1 X 1 0 0 1 0 1554051 12950 1541101 1042001 448440 593561 1479944 1025299 454645 2589307 ACCRUED INTEREST 5550 DEFERRED COMPENSATION PLAN ASSETS 1294402 DEPOSITS AND OTHER ASSETS 94562 1394514 DEFERRED RENT OBLIGATION 1827917 DEFERRED COMPENSATION OBLIGATION 1365235 CAPITAL LEASE OBLIGATION 54594 3247746 X 17146211 -3108 -3108 17149319 -445281 -445281 16704038 17641469 445281 445281 17196188 0 17196188 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 EVALUATED ITS TAX POSITION THROUGH DECEMBER 31, 2014 AND DETERMINED THAT ITS POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE ASSOCIATION'S 2011 THROUGH 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -445,281. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 445,281. X X X X 0 0 0 JANET O ESTEP PRESIDENT & CEO 446772 0 527830 0 19564 0 20800 0 30231 0 1045197 0 0 0 PAMELA B MOORE SVP & CFO 192266 0 74000 0 18121 0 16831 0 1158 0 302376 0 0 0 JANE LARIMER EVP & GENERAL COUNSEL 221876 0 120000 0 18121 0 69833 0 20155 0 449985 0 0 0 SCOTT LANG SVP 211846 0 71500 0 621 0 17308 0 10778 0 312053 0 0 0 MICHAEL HERD SR MANAGING DIRECTOR 184108 0 65000 0 405 0 15755 0 28620 0 293888 0 0 0 GEORGE THROCKMORTON MANAGING DIRECTOR 164595 0 50000 0 621 0 13728 0 20083 0 249027 0 0 0 COLLEEN MORRISON MANAGING DIRECTOR 134850 0 39700 0 243 0 11788 0 19116 0 205697 0 0 0 WILLIAM SULLIVAN SR DIRECTOR & GROUP MGR 142208 0 36700 0 621 0 11607 0 1158 0 192294 0 0 0 CYNTHIA JENKINS SR DIRECTOR & GROUP MGR 144094 0 26000 0 621 0 12027 0 11294 0 194036 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 B, LINE 11 THE CEO REVIEWS FORM 990 BEFORE IT'S FILED. FORM 990, PART VI, SECTION B, LINE 12C NEW DIRECTORS ARE PROVIDED A COPY OF THE COI POLICY 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 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. COMPENSATION WAS LAST REVIEWED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST.