Electronic Transactions Association
- Assets
- $13.6m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 52-1700108
Organization Overview
Electronic Transactions Association is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Electronic Transactions Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electronic Transactions 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 12/2023, Electronic Transactions Association generated $10.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $10.6m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEADERSHIP IN THE TRANSACTION PROCESSING INDUSTRY THROUGH EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS:TRANSACT, ETA'S ANNUAL MEETING AND TRADESHOW, BRINGS TOGETHER ALL PARTS OF THE PAYMENTS ECOSYSTEM TO MEET, SEE WHAT'S NEW, AND LEARN WHAT IT TAKES TO GROW. THROUGH NETWORKING EVENTS AND EDUCATION SESSIONS, ATTENDEES LEARN ABOUT GROUNDBREAKING TECHNOLOGY, SECURITY TRENDS AND POLICIES IMPACTING THE INDUSTRY.
PUBLIC POLICY:POLICY ACTIVITIES FOCUSED ON IMPORTANT ISSUES FOR ETA MEMBERS AT THE FEDERAL AND STATE LEVEL. WE EMPLOY ADVOCACY AND EDUCATION EFFORTS TO ASSIST POLICY MAKERS IN UNDERSTANDING THE MODERN PAYMENTS WORLD.
COMMUNICATIONS:ETA SERVES AS A PRIMARY SOURCE FOR THE MEDIA ON PAYMENTS TRENDS AND IS VIEWED AS A THOUGHT LEADER WITHIN THE PAYMENTS TECHNOLOGY INDUSTRY. ETA'S PRINT PUBLICATION, TRANSACTION TRENDS, IS PUBLISHED AND DISTRIBUTED FOUR TIMES A YEAR. ADDITIONALLY, ETA'S BLOG TRANSACTIONTRENDS.COM AND SOCIAL MEDIA CHANNELS PROVIDE TIMELY INDUSTRY INFORMATION. ETA'S WEEKLY NEWSLETTER IS DISTRIBUTED TO BOTH MEMBERS AND OTHERS WITHIN THE PAYMENTS TECHNOLOGY ECOSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Mchugh Past - President | OfficerTrustee | 2 | $0 |
Eric Hoffman President | OfficerTrustee | 2 | $0 |
Cameron Bready President-Elect | OfficerTrustee | 2 | $0 |
Derek Webster Treasurer | OfficerTrustee | 2 | $0 |
Jamie Walker Secretary | OfficerTrustee | 2 | $0 |
Angela Brown Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rive Llc Event Management Services | 12/30/23 | $173,303 |
District Marketing Group Event Marketing | 12/30/23 | $140,183 |
Online Optimism Llc Market/comms Support | 12/30/23 | $110,685 |
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 | $10,329,679 |
| Investment income | $215,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$92,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,462,642 |
| 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. | $2,017,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,147,119 |
| Pension plan accruals and contributions | $102,263 |
| Other employee benefits | $221,627 |
| Payroll taxes | $163,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,307 |
| Fees for services: Accounting | $37,372 |
| Fees for services: Lobbying | $317,308 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,488 |
| Fees for services: Other | $1,723,485 |
| Advertising and promotion | $288,497 |
| Office expenses | $362,777 |
| Information technology | $104,891 |
| Royalties | $0 |
| Occupancy | $372,835 |
| Travel | $398,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,904,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,970 |
| Insurance | $21,496 |
| All other expenses | $0 |
| Total functional expenses | $10,558,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,841 |
| Savings and temporary cash investments | $268,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,309 |
| 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 | $734,133 |
| Net Land, buildings, and equipment | $575,983 |
| Investments—publicly traded securities | $7,956,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,393,672 |
| Total assets | $13,621,583 |
| Accounts payable and accrued expenses | $814,689 |
| Grants payable | $0 |
| Deferred revenue | $2,992,811 |
| 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 | $3,866,102 |
| Total liabilities | $7,673,602 |
| Net assets without donor restrictions | $5,919,685 |
| Net assets with donor restrictions | $28,296 |
| 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 | $13,621,583 |