Merchant Advisory Group
- Assets
- $7.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Minneapolis, MN
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 37-1558379
Organization Overview
Merchant Advisory Group is located in Minneapolis, MN. The organization was established in 2008. 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, Merchant Advisory Group employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merchant Advisory Group 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, Merchant Advisory Group generated $5.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 12.8% 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
DRIVING POSITIVE CHANGE AND INNOVATION IN THE PAYMENTS INDUSTRY THAT SERVES THE MERCHANTS' INTERESTS THROUGH COLLABORATION, EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - PURPOSE FOR THE CONFERENCE IS TO EDUCATE MEMBERS AND PROVIDE NETWORKING OPPORTUNITIES.
MID-YEAR CONFERENCE - PURPOSE FOR THE CONFERENCE IS TO EDUCATE MEMBERS AND PROVIDE NETWORKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hanna Chair | OfficerTrustee | 1 | $0 |
Alok Mathur Director | OfficerTrustee | 1 | $0 |
Chris Priebe Vice Chair | OfficerTrustee | 1 | $0 |
Gina Powers Treasurer | OfficerTrustee | 1 | $0 |
Ron Collins Director | Trustee | 1 | $0 |
Ken Grogan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategy 2 Execution Coo | 12/30/22 | $321,080 |
Capture Consulting Llc - John Drech Ceo | 12/30/22 | $547,767 |
The Harrington Company Consulting | 12/30/22 | $243,235 |
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 | $3,631,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,631,535 |
| Total Program Service Revenue | $1,540,143 |
| Investment income | $71,601 |
| 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 | $5,243,279 |
| 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 | $95,612 |
| Fees for services: Legal | $288,692 |
| Fees for services: Accounting | $54,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,470 |
| Advertising and promotion | $377 |
| Office expenses | $32,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,356,019 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,886 |
| All other expenses | $83,120 |
| Total functional expenses | $5,245,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,351,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,829 |
| 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 | $380,136 |
| 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 | $7,854,359 |
| Accounts payable and accrued expenses | $40,765 |
| 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 | $2,380,086 |
| Total liabilities | $2,420,851 |
| Net assets without donor restrictions | $2,361,551 |
| Net assets with donor restrictions | $3,071,957 |
| 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 | $7,854,359 |