2019-05-15T12:25:53-05:00 2018-06-30 910189318 MOSS ADAMS LLP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 990 2017-07-01 134142147 MERCHANT RISK COUNCIL MERC 2063642789 600 STEWART ST NO 720 SEATTLE WA 981011227 SUZAN SNODGRASS CFO 2063642789 2019-05-14 1 EMINA O CRESSWELL CPA P01217304 2063026500 2019-05-13 76.28.155.2 2019-05-14 12:04:44 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 92E4E1887166A1A95AEA2354EF277E907B8DEB06 2017 2019-02-21 02:37:17Z MRC SUZAN SNODGRASS 600 STEWART ST NO 720 SEATTLE WA 981011227 7326641 0 X WWW.MERCHANTRISKCOUNCIL.ORG X 2000 NY TRADE ASSOCIATION FOCUSED ON MAKING ELECTRONIC COMMERCE MORE SAFE, EFFICIENT, AND PROFITABLE. 9 9 12 55 0 4027 0 0 6068878 7304736 9457 21905 0 0 6078335 7326641 0 0 0 0 1421069 1466160 0 0 0 4252621 5071904 5673690 6538064 404645 788577 5767535 5722483 2913798 2082647 2853737 3639836 X MERCHANT RISK COUNCIL IS A MERCHANT-LED TRADE ASSOCIATION FOCUSED ON UNITING ONLINE RETAILERS, CARD COMPANIES, LAW ENFORCEMENT AGENCIES AND SOLUTION PROVIDERS TO MAKE ELECTRONIC COMMERCE MORE SAFE, EFFICIENT AND PROFITABLE. WE LEAD INDUSTRY NETWORKING, EDUCATIONAL PROGRAMS, BENCHMARKING AND ADVOCACY PROGRAMS THAT INVOLVE ALL OF OUR CONSTITUENTS GLOBALLY. 0 0 MERCHANT RISK COUNCIL (MRC) HOSTED THEIR ANNUAL E-COMMERCE PAYMENTS AND RISK CONFERENCE IN LAS VEGAS IN MARCH 2018. THIS CONFERENCE WELCOMED LEADERS AND PROFESSIONALS FROM AROUND THE WORLD; ALL COLLABORATING TO IMPROVE ELECTRONIC COMMERCE AND MAKE ONLINE TRANSACTIONS MORE EFFICIENT, SAFE, AND PROFITABLE. MRC ALSO HOSTED SUCCESSFUL CONFERENCES IN DUBLIN, MATLA AND CHICAGO. IN ADDITION, MRC PROVIDED NUMEROUS WEBINARS AND OTHER EDUCATIONAL OPPORTUNITIES FOR MEMBERS. IT COORDINATED INDUSTRY BENCHMARKING STUDIES IN ITS PRINCIPAL SUBJECT AREAS OF FRAUD, PAYMENTS, AND SECURITY, AS WELL AS SURVEYS ON HOT ISSUES DURING THE YEAR. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 17 0 1 12 1 1 1 1 CJ GM EI 0 0 1 1 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 0 1 0 0 1 0 X SUZAN SNODGRASS 2063642789 600 STEWART ST SUITE 720 SEATTLE WA 98102 PAUL KUYKENDALL CHAIR 1.00 X X 0 0 0 RONDA PELLOUX CHAIR (UNTIL 2/18) 1.00 X X 0 0 0 BRAD MARES SECRETARY 1.00 X X 0 0 0 JEFF WIXTED TREASURER 1.00 X X 0 0 0 TIM MURPHY FORMER BOARD TREASURER (UNTIL 7/17) 0.50 X X 0 0 0 CATHERINE MOORE BOARD MEMBER (UNTIL 5/18) 0.50 X 0 0 0 PETER BAYLEY BOARD MEMBER 0.50 X 0 0 0 DAVID REDMOND BOARD MEMBER 0.50 X 0 0 0 CASEY BULLOCK BOARD MEMBER 0.50 X 0 0 0 GILL WELLS BOARD MEMBER (UNTIL 3/18) 0.50 X 0 0 0 CARMEN HONACKER BOARD MEMBER 0.50 X 0 0 0 SAM ANSON BOARD MEMBER 0.50 X 0 0 0 LINDA HOPE BOARD MEMBER 0.50 X 0 0 0 DANIELLE NAGAO CHIEF EXECUTIVE OFFICER (UNTIL 1/18) 40.00 X 310153 0 18050 SUZAN SNODGRASS DIRECTOR OF FINANCE 40.00 X 107925 0 17408 MARKUS BERGTHALER PROGRAMS DIRECTOR 40.00 X 150591 0 20496 JENNY KIEFFER DIRECTOR OF EVENTS 40.00 X 111721 0 16212 680390 0 72166 4 0 1 0 SOUND PLANNING 16212 BOTHELL EVERETT HWY F173 MILL CREEK WA 98012 EVENT PLANNING CONSULTING SERVICES 227393 1 CONFERENCE REVENUE 611430 4569788 4569788 MEMBERSHIP DUES 611710 2625630 2625630 OTHER REVENUE 900099 109318 109318 7304736 21905 21905 7326641 7304736 0 21905 X 482298 735767 33147 100368 114580 19675 52668 805815 51271 196106 200171 78280 142224 3323223 67816 18878 TRAINING/DEVELOPMENT 42826 FOREIGN EXCHANGE LOSSES 22143 B&O 17570 EUROPEAN ADMIN EXPENSE 16043 17195 6538064 2924036 2170955 1472626 2493578 931359 563375 316361 438193 211295 171868 95426 39427 27727 16955 5767535 5722483 1075468 502932 1838330 1579715 2913798 2082647 X 2853737 3639836 2853737 3639836 5767535 5722483 788577 -2478 0 X 0 1 X 1 0 1 0 0 62803 39572 23231 148492 132296 16196 39427 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(6), ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ASSOCIATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN TAX EXPENSE. AS OF JUNE 30, 2018, THE ASSOCIATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. THE ASSOCIATION FILES INCOME TAX RETURNS WITH THE U.S. GOVERNMENT. THE ASSOCIATION'S WHOLLY OWNED SUBSIDIARY, MRC FRAUD & PAYMENTS EU LIMITED, IS A TAXABLE ENTITY UNDER THE LAWS OF IRELAND. AS OF JUNE 30, 2018 AND 2017, NO PROVISION FOR TAXES UNDER THE LAWS OF IRELAND WAS NECESSARY FOR THE SUBSIDIARY. EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 PROGRAM SERVICES EUROPEAN MANAGEMENT 609530 EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 PROGRAM SERVICES CONFERENCE 234666 EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 SENDING AGENTS OF THE ORGANIZATION TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES CONNECTS EVENT 724 EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 PROGRAM SERVICES CONFERENCE 750028 EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 SENDING AGENTS OF THE ORGANIZATION TO ATTEND AND SPEARK AT SEMINARS AND CONFERENCES BOARD MEMBER ATTENDANCE AT EUROPEAN EVENTS 4778 5 20 0 0 5 20 1599726 0 1599726 0 0 1 0 0 0 PART I, LINE 3: ACTUAL EXPENDITURES IN THE REGION X 0 0 X 1 0 0 DANIELLE NAGAO CHIEF EXECUTIVE OFFICER (UNTIL 1/18) 208644 0 101509 0 0 0 11332 0 6718 0 328203 0 0 0 MARKUS BERGTHALER PROGRAMS DIRECTOR 128334 0 21417 0 840 0 7040 0 13456 0 171087 0 0 0 PART I, LINE 1A SPOUSES AND SIGNIFICANT OTHERS ACCOMPANIED MRC STAFF ON A TRIP TO MEXICO. WHILE THERE MEALS, ENTERTAINMENT AND ACTIVITIES WERE PROVIDED BY THE MRC. AIRFARE WAS NOT PROVIDED. PART I, LINE 1B THERE WAS NO WRITTEN POLICY REGARDING SPOUSAL TRAVEL DURING THE FISCAL YEAR. PART I, LINE 4A DANIELLE NAGAO RECEIVED $78,296 OF SEVERANCE AND WAS ALLOWED TO KEEP A COMPUTER VALUED AT $1,443. FORM 990, PART VI, SECTION A, LINE 6 AS A MEMBERSHIP ORGANIZATION, MRC HAS MULTIPLE LEVELS OF MEMBERSHIP. CURRENT BYLAWS STATE THAT ONLY THE PLATINUM CLASS MERCHANT MEMBERS MAY VOTE ON MATTERS THAT THE BOARD DESIGNATES AS VOTING MATTERS. OTHER CLASSES OF MEMBERS DO NOT HAVE THE RIGHT TO VOTE ON MATTERS THAT THE BOARD DESIGNATES AS VOTING MEMBERS, HOWEVER, ALL CLASSES OF MEMBERS MAY INFLUENCE THE DIRECTION OF THE CORPORATION THROUGH INVOLVEMENT WITH THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A CURRENT BYLAWS STATE THAT ONLY THE PLATINUM CLASS MERCHANT MEMBERS MAY VOTE ON MATTERS THAT THE BOARD DESIGNATES AS VOTING MATTERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE DIRECTOR AND THE CEO. IT IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW AND APPROVAL BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEW AND APPROVES THE CEO'S SALARY AND DOCUMENTS THE DECISION BEFORE ANY PAYMENT IS MADE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 805,815. MERCHANT RISK COUNCIL FOUNDATION 1809 7TH AVE SUITE 1403 SEATTLE WA 98101 261110551 DORMANT WA 501(C)(3) LINE 7 0 MRC FRAUD & PAYMENTS EU LIMITED SUITE 403 1/3 BURTON HALL PARK BUR SANDYFORD DUBLIN EI MEMBERSHIP SERVICES EI MERCHANT RISK COUNCIL C 19943 153961 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 MRC FRAUD & PAYMENTS EU LIMITED M 593731 FAIR MARKET VALUE