New England Automated Clearing House Association

Organization Overview

New England Automated Clearing House Association is located in Burlington, MA. The organization was established in 1978. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, New England Automated Clearing House Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Automated Clearing House Association 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 12/2021, New England Automated Clearing House Association generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A NONPROFIT ASSOCIATION THAT HELPS MEMBERS ORIGINATE AND RECEIVE ACH TRANSACTIONS, AND PROVIDES PRODUCTS, SERVICES, EDUCATION AND MARKETING TO INCREASE THE ACCEPTANCE, USE AND QUALITY OF ELECTRONIC TRANSACTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION PROVIDES PRODUCTS, SERVICES, EDUCATION AND MARKETING TO INCREASE THE ACCEPTANCE, USE AND QUALITY OF ELECTRONIC TRANSACTIONS. AS OF DECEMBER 31, 2021, THE ASSOCIATION'S MEMBERSHIP CONSISTED OF 403 FINANCIAL INSTITUTIONS AND 58 ASSOCIATE MEMBERS. THE ASSOCIATION SERVICES 96% OF ALL COMMERCIAL BANKS AND THRIFTS AND 55% OF ALL CREDIT UNIONS IN NEW ENGLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Sean Carter
President & CEO
$260,093
Joseph Casali
Director
$192,360
Sands S Hounsman
Senior Vice President
$141,580
Raymond H Graber
Senior Vice President
$130,750
Barbara Heinemann
Director
$0
Benjamin Lannin
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$492,620
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$492,620
Total Program Service Revenue$3,078,009
Investment income $552
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 $3,571,181

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