2014-11-12T08:05:54-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 JANET O ESTEP CEO & PRESIDENT 7035611100 2014-11-11 1 DAVID TRIMNER P00444822 5712279500 2013 2015-11-30 17:44:51Z NACHA - THE ELECTRONIC PAYMENTS ASSOCIATION JANET O ESTEP 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 16802112 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 19 19 73 18 0 0 0 0 14293967 14525736 12784 9273 1715097 1731967 16021848 16266976 0 0 0 0 8919817 9623893 0 0 0 6032577 6378983 14952394 16002876 1069454 264100 13573470 14501684 5848330 6518524 7725140 7983160 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 12 0 73 1 0 0 0 0 0 0 X 19 19 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 13450 SUNRISE VALLEY DRIVE NO 100 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 COUNCIL REPRESENTATIVE 2.00 X 0 0 0 DENNIS SIMMONS COUNCIL REPRESENTATIVE 2.00 X 0 0 0 SAYANTAN CHAKRABORTY DFI REPRESENTATIVE 2.00 X 0 0 0 ROBERT D EDWARDS 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 ELLIOT H BERMAN RPA/COMM BK REP 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 DAVID WILLIS RPA/NP CREDIT UNION REP 2.00 X 0 0 0 JAMES MCKEE 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 649900 0 167388 PAMELA B MOORE SVP & CFO 40.00 X 281194 0 16912 JANE LARIMER EVP & GENERAL COUNSEL 40.00 X 234803 0 34393 SCOTT LANG SVP 40.00 X 206951 0 32783 MICHAEL HERD SR MANAGING DIRECTOR 40.00 X 232461 0 45087 GEORGE THROCKMORTON MANAGING DIRECTOR 40.00 X 200442 0 42219 COLLEEN MORRISON MANAGING DIRECTOR 40.00 X 164987 0 37081 WILLIAM SULLIVAN SR DIRECTOR & GROUP MGR 40.00 X 170226 0 11555 SAMANTHA CARRIER SR DIRECTOR 40.00 X 148979 0 43724 2289943 0 431142 27 0 1 0 SIDLEY AUSTIN BROWN & WOOD 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 471962 FED EX OFFICE PO BOX 672085 DALLAS TX 75267 PRINTING SERVICES 318755 AVECTRA 7901 JONES BRANCH DR STE 500 MCLEAN VA 22102 DATABASE SERVICES 263769 O'KEEFE COMMUNICATIONS 4301 CONNECTICUT AVE STE 200 WASHINGTON DC 20008 EVENT PRODUCTION SERVICES 242100 CENTERPLATE 111 WEST HARBOR DRIVE SAN DIEGO CA 92101 FOOD SERVICES 239117 13 ACH ADMINISTRATIVE FEE 900099 6981350 6981350 MEMBER DUES 900099 3369659 3369659 CONFERENCES 900099 2874915 1915135 959780 EDUCATION AND TRAINING 611710 713302 664102 49200 AAP PROGRAM 900099 586510 586510 14525736 16627 16627 369129 369129 7354 -7354 -7354 -7354 1535562 527782 1007780 1007780 SYSTEM OF FINES 900099 315750 315750 SPECIAL PROJECTS 900099 35300 35300 MISCELLANEOUS 900099 4008 4008 355058 16266976 14879594 0 1387382 1662551 6292874 423674 770481 474313 618132 79749 689266 1113066 287220 441441 483330 472250 1378724 521313 154618 BANK AND CREDIT CARD FE 116208 DUES AND SUBSCRIPTIONS 75525 REBATES 70562 RESEARCH 16130 -138551 16002876 61487 59372 6354271 7059954 1169409 1083291 82069 66984 406123 447125 3059476 2174510 976367 884966 3502099 3695919 1021645 1204073 13573470 14501684 1920494 2447572 2450293 2612692 1477543 1458260 5848330 6518524 X 7725140 7983160 7725140 7983160 13573470 14501684 264100 -6080 0 X 0 1 X 1 0 0 1 0 879279 776231 103048 867977 714828 153149 1312220 683451 628769 884966 ACCRUED INTEREST 899 DEFERRED COMPENSATION PLAN ASSETS 1163666 DEPOSITS AND OTHER ASSETS 39508 1204073 DEFERRED RENT OBLIGATION 139145 DEFERRED COMPENSATION OBLIGATION 1319115 1458260 X 16788678 -6080 -6080 16794758 -527782 -527782 16266976 16530658 527782 527782 16002876 0 16002876 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, 2013 AND DETERMINED THAT ITS POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE ASSOCIATIONS 2010 THROUGH 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -527,782. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 527,782. X X X X 0 0 0 JANET O ESTEP PRESIDENT & CEO 447836 0 200000 0 2064 0 135785 0 31603 0 817288 0 200000 0 PAMELA B MOORE SVP & CFO 203656 0 77000 0 538 0 16335 0 577 0 298106 0 0 0 JANE LARIMER EVP & GENERAL COUNSEL 234452 0 0 0 351 0 19197 0 15196 0 269196 0 0 0 SCOTT LANG SVP 206413 0 0 0 538 0 16799 0 15984 0 239734 0 0 0 MICHAEL HERD SR MANAGING DIRECTOR 171110 0 61000 0 351 0 14886 0 30201 0 277548 0 0 0 GEORGE THROCKMORTON MANAGING DIRECTOR 152591 0 47500 0 351 0 13308 0 28911 0 242661 0 0 0 COLLEEN MORRISON MANAGING DIRECTOR 129516 0 35260 0 211 0 11421 0 25660 0 202068 0 0 0 WILLIAM SULLIVAN SR DIRECTOR & GROUP MGR 136875 0 33000 0 351 0 10978 0 577 0 181781 0 0 0 SAMANTHA CARRIER SR DIRECTOR 123745 0 25000 0 234 0 7245 0 36479 0 192703 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NACHA IS A TRADE ASSOCIATION. ITS BYLAWS INCLUDE THREE DISTINCT MEMBERSHIP CLASES 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 2013. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AS REQUIRED UNDER DISCLOSURE REQUIREMENTS OF 501(C)6