Merchant Acquirers Committee Inc
- Assets
- $674.1k
- Revenue
- $665.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- 07/2008
- Data as of
- 05/2022
- EIN
- 65-1300847
Organization Overview
Merchant Acquirers Committee Inc is located in Sacramento, CA. The organization was established in 2008. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 05/2022, Merchant Acquirers Committee Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merchant Acquirers Committee 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 05/2022, Merchant Acquirers Committee Inc generated $665.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $513.0k during the year ending 05/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE HELD TO EDUCATE MEMBERS ON FRAUD ISSUES FACING THE CREDIT CARD INDUSTRY. BEST PRACTICES TO PREVENT FRAUD WERE PRESENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nelson Executive Director | 40 | $131,800 | |
Stephen Prince President | OfficerTrustee | 10 | $0 |
Vadeene Sisk Secr/treas | OfficerTrustee | 10 | $0 |
Sid Pershad Director | OfficerTrustee | 5 | $0 |
Shari Savlick Vice President | OfficerTrustee | 5 | $0 |
Aliki Liadis-Hall Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,880 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,672 |
| 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 | $219,552 |
| Total Program Service Revenue | $424,325 |
| Investment income | $12,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,838 |
| 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 | $213,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,464 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,805 |
| Interest | $318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,644 |
| All other expenses | $17,948 |
| Total functional expenses | $513,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,040 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $535,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $674,073 |
| Accounts payable and accrued expenses | -$6,917 |
| 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 | $3,816 |
| Total liabilities | -$3,101 |
| Net assets without donor restrictions | $677,174 |
| 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 | $674,073 |
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|---|---|---|
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California Credit Union League Ontario, CA | $29,531,328 | $7,558,766 |
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Rural Water Association Of Arizona Apache Junction, AZ | $676,168 | $1,021,732 |
California Association Of Councils Of Goverments Sacramento, CA | $380,054 | $767,142 |
Association Of Asian American Investment Managers San Francisco, CA | $0 | $817,109 |
Redondo Beach Travel And Tourism Redondo Beach, CA | $332,946 | $638,594 |
Merchant Acquirers Committee Inc Sacramento, CA | $674,073 | $665,838 |