Merchant Advisory Group
- Assets
- $7.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Minneapolis, MN
- Founding
- 10/2008
- Data as of
- 12/2021
- 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 12/2021, Merchant Advisory Group employed 12 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 12/2021, Merchant Advisory Group generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 15.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
John Drechny CEO | Officer | 40 | $551,503 |
Laura Townsend Chief Operations Officer | Officer | 40 | $318,264 |
Elizabeth Provenzano Sr VP Public Affairs | Officer | 32 | $200,174 |
Eric O'brien VP Collaboration And Education | Officer | 40 | $63,891 |
Kathy Hanna Chair | OfficerTrustee | 1 | $0 |
Alok Mathur Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Harrington Company Consulting | 12/30/21 | $1,330,335 |
Capture Consulting Llc - John Drech Ceo | 12/30/21 | $551,503 |
Strategy 2 Execution Coo | 12/30/21 | $318,264 |
Elizabeth Provenzano Sr Vp Of Public Affairs | 12/30/21 | $200,174 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,291,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,524,130 |
| Total Program Service Revenue | $1,006,920 |
| Investment income | $19,703 |
| 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 | $6,550,753 |
| 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 | $88,072 |
| Fees for services: Legal | $55,500 |
| Fees for services: Accounting | $50,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,298 |
| Advertising and promotion | $8,881 |
| Office expenses | $28,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $726,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,515 |
| All other expenses | $113,029 |
| Total functional expenses | $3,901,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,479,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,000 |
| 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 | $97,541 |
| 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 | $7,667,222 |
| Accounts payable and accrued expenses | $30,893 |
| 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 | $2,200,225 |
| Total liabilities | $2,231,118 |
| Net assets without donor restrictions | $2,061,797 |
| Net assets with donor restrictions | $3,374,307 |
| 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 | $7,667,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |