Paymentsfirst Inc

Organization Overview

Paymentsfirst Inc is located in Birmingham, AL. The organization was established in 1988. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Paymentsfirst Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paymentsfirst Inc 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, Paymentsfirst Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 0.8% 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

TO SERVE OUR MEMBERS AS A TRUSTED PARTNER SUPPORTING THE SECURE USE, ADVANCEMENT AND UNDERSTANDING OF PAYMENT SYSTEMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION- PAYMENTSFIRST PROVIDES EDUCATION SUPPORT TO FOSTER COMPLIANCE, ADVANCEMENT AND UNDERSTANDING OF ELECTRONIC PAYMENTS FOR THE BENEFIT OF INDUSTRY PARTICIPANTS AND THE PAYMENTS NETWORK.


RISK AND COMPLIANCE- PAYMENTSFIRST PROMOTES GROWTH AND SECURE USE OF ELECTRONIC PAYMENTS THROUGH PROVIDING RESOURCES AND SUPPORT TO IDENTIFY AND CONTROL RISK AND ENSURE RULE AND REGULATORY COMPLIANCE FOR THE BENEFIT OF THE PAYMENTS NETWORK.


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Board, Officers & Key Employees

Name (title)Compensation
Donna Ashworth
CEO
$232,248
Gai Craig
Executve Vice President
$209,696
Chad Frank
Evp Risk & Compliance
$136,904
Allen Young
Vice President
$132,160
Rich Leary
Chairman
$0
Glen Cross
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,468,804
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$1,468,804
Total Program Service Revenue$1,455,505
Investment income $1,226
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 $80,302
Miscellaneous Revenue$0
Total Revenue $3,006,351

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