National Automated Clearing House Association
- Assets
- $27.3m
- Revenue
- $25.0m
- Investments
- $0.0
- Employees
- 77
- Location
- Herndon, VA
- Founding
- 01/1977
- Data as of
- 12/2022
- EIN
- 23-7451693
Organization Overview
National Automated Clearing House Association, operating under the name Nacha, is located in Herndon, VA. The organization was established in 1977. 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. As of 12/2022, Nacha employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacha 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, Nacha generated $25.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $23.8m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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
NACHA GOVERNS THE ACH NETWORK, THE PAYMENT SYSTEM THAT DRIVES DIRECT DEPOSITS AND DIRECT PAYMENTS WITH THE CAPABILITY TO REACH ALL U.S. FINANCIAL INSTITUTION ACCOUNTS. NACHA IS MEMBERSHIP ORGANIZATION AND PROVIDES PAYMENTS EDUCATION, ACCREDITATION & ADVISORY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACH NETWORK ADMINISTRATOR: NACHA DEVELOPS AND ADMINISTERS THE PRIVATE SECTOR NACHA OPERATING RULES FOR ACH PAYMENTS, WHICH DEFINE THE ROLES AND RESPONSIBILITIES FOR MORE THAN 9,000 PARTICIPATING FINANCIAL INSTITUTIONS. RISK MANAGEMENT, RULES ENFORCEMENT, NETWORK ADVOCACY AND DEVELOPMENT OF ELECTRONIC SOLUTIONS IS ALSO INCLUDED WITHIN THE PROGRAM SERVICES AS ADMINISTRATOR OF THE ACH NETWORK.
CONFERENCE:SMARTER FASTER PAYMENTS IS AN IN-PERSON CONFERENCE WITH MORE THAN 100 EDUCATIONAL SESSIONS AND A DYNAMIC EXHIBIT HALL. THE EVENTS BRING MORE THAN 2,000 DIVERSE PAYMENTS PROFESSIONALS TOGETHER TO OBTAIN LEADING-EDGE EDUCATION AND SOLUTIONS.
PUBLICATIONS:NACHA PRODUCES THE NACHA OPERATING RULES & GUIDELINES AND MORE THAN 40 OTHER PAYMENT-RELATED PUBLICATIONS, GUIDES, AND TRAINING MATERIALS IN A VARIETY OF FORMATS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Larimer CEO And President | Officer | 40 | $892,795 |
Scott Lang Chief Of Staff | Officer | 40 | $368,190 |
Michael Herd Vice President, Ach Network Administration | Officer | 40 | $341,470 |
Nick Hamade Chief Technology Officer | 40 | $298,653 | |
George Throckmortom Managing Director, Stratic Initiatives & Network D | 40 | $275,027 | |
Jeanette Blanco General Counsel | 30 | $274,440 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ptap Advisory Consulting / Services | 12/30/22 | $259,574 |
Sidley Austin Consulting / Services | 12/30/22 | $209,507 |
Richard Feur Anderson Consulting / Services | 12/30/22 | $150,000 |
Roy Decicco Consulting / Services | 12/30/22 | $150,000 |
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 | $22,629,019 |
| Investment income | $20,544 |
| 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 | $1,279,174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,954,115 |
| 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. | $2,248,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,434,670 |
| Pension plan accruals and contributions | $590,776 |
| Other employee benefits | $956,195 |
| Payroll taxes | $675,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,763 |
| Fees for services: Accounting | $168,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,477,975 |
| Advertising and promotion | $1,184,200 |
| Office expenses | $568,191 |
| Information technology | $2,146,901 |
| Royalties | $0 |
| Occupancy | $559,110 |
| Travel | $385,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,460,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,257,823 |
| Insurance | $194,026 |
| All other expenses | $209,351 |
| Total functional expenses | $23,801,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,885 |
| Savings and temporary cash investments | $17,103,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,883,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,973 |
| Prepaid expenses and deferred charges | $1,208,076 |
| Net Land, buildings, and equipment | $1,675,154 |
| Investments—publicly traded securities | $2,654,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,718,342 |
| Total assets | $27,315,213 |
| Accounts payable and accrued expenses | $3,157,927 |
| Grants payable | $0 |
| Deferred revenue | $4,108,959 |
| 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 | $3,264,833 |
| Total liabilities | $10,531,719 |
| Net assets without donor restrictions | $16,783,494 |
| 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 | $27,315,213 |