Northeast Acquirers Association Inc
- Assets
- $1.1m
- Revenue
- $680.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Windham, NH
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 02-0507192
Organization Overview
Northeast Acquirers Association Inc is located in Windham, NH. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Acquirers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Northeast Acquirers Association Inc generated $680.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $325.7k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A NON-MEMBER VOLUNTEER GROUP THAT HOSTS EDUCATIONAL AND NETWORKING FORUMS FOR THOSE IN THE FINANCIAL MERCHANGE SERVICES INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELD OUR FIRST ANNUAL SHOW IN 2022 AT THE SHERATON PHILADELPHIA DOWNTOWN, PHILADELPHIA, PA. OUR ATTENDANCE AND SPONSORSHIP CONTINUED TO GROW WITH 113 PRODUCT AND SERVICE DISPLAY VENDORS AND 873 REGISTERED ATTENDEES. IN ADDITION, OUT CATAPULT TECHNOLOGY PRESENTATION FEATURED FIVE COMPANIES, CHOSEN BY A PANEL OF EXPERTS, WHO PRESENTED THEIR NEW PRODUCTS AND SERVICES TO ALL PARTICIPANTS IN AN EXCLUSIVE THREE HOUR PRESENTATION. NOMINAL ENTRANCE FEES WERE ASSESSED TO ATTENDEES, VENDORS, AND SPONSORS. DETAILS ARE SHOWN ON OUR WEBSITE. WWW.NORTHEASTACQUIRERS.COM FOOD, BEVERAGES, VENUE, AND ORGANIZATION WERE PROVIDED BY THE ASSOCIATION. HOTEL ROOMS WERE AT THE EXPENSE OF ATTENDEES. THE SHOW RAN TWO AND A HALF DAYS AND WAS EXTREMELY SUCCESSFUL IN OUR PURPOSE FUNCTION OF EDUCATION AND NETWORKING FOR THOSE IN THE MERCHANT ACQUIRING INDUSTRY IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan V Forgione President | Officer | 12 | $0 |
Nancy D Austin Vice Preside | Officer | 8 | $0 |
Ruth Gorski Director | Trustee | 10 | $0 |
Jeff Akeson Director | Trustee | 12 | $0 |
Donna Embry Director | Trustee | 8 | $0 |
James Fink Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $680,200 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $325,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,643 |
| Savings and temporary cash investments | $207,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,092,717 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,092,717 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,092,717 |