Money Transmitter Regulators Association Inc
- Assets
- $313.8k
- Revenue
- $484.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 07/1991
- Data as of
- 12/2023
- EIN
- 74-2571408
Organization Overview
Money Transmitter Regulators Association Inc is located in Harrisburg, PA. The organization was established in 1991. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Money Transmitter Regulators Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Money Transmitter Regulators Association Inc generated $484.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $466.8k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 8 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
DEDICATED TO THE EFFECTIVE AND EFFICIENT REGULATION OF THE MONEY TRANSMISSION INDUSTRY IN THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MTRA ADVANCES UNIFORM EXAMINATION STANDARDS, REPORTS, FORMS AND RATINGS THAT ARE CRUCIAL IN PROVIDING VALUE FOR BOTH THE MEMBERSHIP AND THE INDUSTRY; PROMOTES A MORE EFFICIENT AND LESS BURDENSOME STATE REGULATORY SYSTEM THAT HAS UNIVERSAL RESPECT AND CREDIBILITY; PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES AND CERTIFICATION FOR PARTICIPANTS THROUGH A WELL DEFINED CURRICULUM; COLLECTS AND DISSEMINATES RELIABLE INDUSTRY SPECIFIC DATA, COMMON ANALYTICAL STANDARDS AND BEST PRACTICES; SERVES AS THE AUTHORITY AND RESOURCE ON MONEY TRANSMISSION ISSUES ON A NATIONAL SCALE; AND, PARTNERS WITH STATE AND FEDERAL AUTHORITIES TO FURTHER EFFORTS IN THE DETECTION AND ELIMINATION OF ILLEGAL ACTIVITIES INCLUDING TERRORIST FINANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Anderson Treasurer | OfficerTrustee | 1 | $0 |
Karyn Tierney J D Vice Preside | OfficerTrustee | 4 | $0 |
Mark Hastie Director | Trustee | 1 | $0 |
Ethan Mclaughlin Director | Trustee | 1 | $0 |
Rick St Onge Director | Trustee | 0.5 | $0 |
Christopher Pope Director | Trustee | 0.5 | $0 |
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 | $478,675 |
| Investment income | $6,098 |
| 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 | $484,773 |
| 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 | $66,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,252 |
| All other expenses | $423 |
| Total functional expenses | $466,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $307,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,020 |
| 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 | $313,830 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $313,830 |
| 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 | $313,830 |