PRESIDENT & CEO

2012-11-14T14:36:43-06:00 2011-12-31 521446779 JOHNSON LAMBERT LLP 700 SPRING FOREST ROAD STE 115 RALEIGH NC 27609 990 2011-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 JANET O ESTEP PRESIDENT & CEO 7035611100 2012-11-14 1 9197196400 2011 2016-02-24 21:20:13Z NACHA-THE ELECTRONIC PAYMENTS ASSOCIATION JANET O ESTEP 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 16473839 0 X WWW.NACHA.ORG X 1974 DE PROMOTE THE DEVELOPMENT OF ELECTRONIC SOLUTIONS THAT IMPROVE THE PAYMENT SYSTEM FOR THE BENEFIT OF ITS MEMBERS AND THEIR CUSTOMERS. 19 19 69 0 0 0 0 0 13122225 14121753 66221 -5738 1668593 1727358 14857039 15843373 0 0 0 0 7953288 8534744 0 0 0 6015701 6507691 13968989 15042435 888050 800938 11850840 13372102 5986738 6710509 5864102 6661593 X NACHA'S MISSION IS TO PROMOTE THE DEVELOPMENT OF ELECTRONIC SOLUTIONS THAT IMPROVE THE PAYMENT SYSTEM FOR THE BENEFIT OF ITS MEMBERS AND THEIR CUSTOMERS. 0 0 ACH NETWORK ADMINISTRATOR-PRIVATE SECTOR RULEMAKING BODY FOR THE ACH NETWORK WHICH ENABLES THE SETTLEMENT OF ELECTRONIC PAYMENTS AMONGST MORE THAN 13,000 PARTICIPATING FINANCIAL INSTITUTIONS. RISK MANAGEMENT, RULES ENFORCEMENT, NETWORK ADVOCACY AND DEVELOPMENT OF ELECTRONIC SOLUTIONS IS ALSO INCLUDED WITHIN THE PROGRAM SERVICES AS ADMINISTRATOR FOR THE ACH NETWORK. NACHA ANNUAL PAYMENTS CONFERENCE-NATIONAL EDUCATIONAL PROGRAM WITH OVER 2,000 PARTICIPANTS, WHICH PROVIDE INFORMATION ABOUT THE LATEST OPERATIONS/MARKETING INNOVATIONS IN THE ACH NETWORK AND ELECTRONIC PAYMENTS. PUBLICATIONS - SALE OF THE NACHA OPERATING RULES AND GUIDELINES AND OVER 200 OTHER PUBLICATIONS ON ELECTRONIC PAYMENTS 4. EDUCATION & TRAINING PROGRAM5. COUNCIL PROGRAMS6. ACCREDITED ACH PROFESSIONAL PROGRAM7. INDUSTRY/ASSOCIATION RELATIONS 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 69 1 0 0 0 0 1 1 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PAMELA B MOORE 7035611100 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 PAT THELEN CHAIRMAN 2.00 X X 0 0 0 CHRYSTINA M GIORGIO VICE CHAIRMAN 2.00 X X 0 0 0 RUSSELL K OATMAN TREASURER/SECRETARY 2.00 X X 0 0 0 MARY BURCHETTE DIRECTOR 2.00 X 0 0 0 FRED LAING II DIRECTOR 2.00 X 0 0 0 DAVE WILLIS DIRECTOR 2.00 X 0 0 0 JOHN E LUCAS DIRECTOR 2.00 X 0 0 0 CHET KIMMELL DIRECTOR 2.00 X 0 0 0 JUDY D LONG DIRECTOR 2.00 X 0 0 0 T RICHARD SHIER DIRECTOR 2.00 X 0 0 0 HUBERT JP JOLLY DIRECTOR 2.00 X 0 0 0 ELLIOT H BERMAN DIRECTOR 2.00 X 0 0 0 ROBERT D EDWARDS DIRECTOR 2.00 X 0 0 0 COLLEEN J TAYLOR DIRECTOR 2.00 X 0 0 0 KEITH K THEISEN DIRECTOR 2.00 X 0 0 0 JONATHAN WILK DIRECTOR 2.00 X 0 0 0 WILLIAM J SHOCH DIRECTOR 2.00 X 0 0 0 ANTHONEY A GAUTNEY DIRECTOR 2.00 X 0 0 0 ROBERT A STEEN DIRECTOR 2.00 X 0 0 0 JANET O ESTEP CEO & PRESIDENT 40.00 X 607828 0 148744 PAMELA B MOORE CFO & SVP, ADMIN SERVICES 40.00 X 256076 0 16105 JANE LARIMER EVP & GENERAL COUNSEL 40.00 X 312674 0 27036 SCOTT LANG SVP, ASSOCIATION SERVICES 40.00 X 259250 0 26931 DEBORAH SHAW MANAGING DIRECTOR ACH NETWORK RISK & COMPLIANCE 40.00 X 211881 0 22921 MICHAEL HERD MANAGING DIRECTOR ACH NETWORK RULES 40.00 X 206257 0 27369 GEORGE THROCKMORTON MANAGING DIRECTOR ADVANCED PAYMENT SOLUTIONS 40.00 X 180395 0 25180 ANNE ANDREWS SR. DIRECTOR & GROUP MGR MEMBERSHIP DEVELOPMENT 40.00 X 168861 0 11665 IAN MACOY MANAGING DIRECTOR NETWORK STRATEGY & OUTREACH 40.00 X 165008 0 19755 2368230 0 325706 24 0 1 0 SIDLEY AUSTIN BROWN & WOOD 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 681820 AVECTRA 7901 JONES BRANCH DR STE 500 MCLEAN VA 22102 DATABASE SERVICES 459845 VISION LITHOGRAPHICS 9601 FALLARD TER UPPER MARLBORO MD 20772 PRINTING SERVICES 429431 O'KEEFE COMMUNICATIONS 4301 CONNECTICUT AVE STE 200 WASHINGTON DC 20008 EVENTS PRODUCTION SERVICES 361047 ARAMARK 800 CONVENTION PL SEATTLE WA 98101 CATERING SERVICES 330692 13 ACH ADMINISTRATIVE FEE 900099 6321175 6321175 MEMBER DUES 900099 3440829 3440829 CONFERENCES 900099 3122713 1905381 1217332 EDUCATION AND TRAINING 611710 677899 666399 11500 AAP PROGRAM 900099 541637 541637 17500 17500 14121753 36611 36611 353407 353407 42349 -42349 -42349 -42349 1410256 588117 822139 822139 SYSTEM OF FINES 900099 203500 203500 PAY IT GREEN 900099 176402 176402 MISCELLANEOUS 900099 116319 116319 55591 54878 713 551812 15843373 14248659 0 1594714 1654645 5656165 229156 579364 415414 755535 81087 10 906339 877834 393080 570288 467346 415853 1192519 358193 137019 BANK & CREDIT CARD CHAR 116006 RESEARCH 101601 REBATES 70954 DUES & SUBSCRIPTIONS 61049 2978 15042435 6324258 6864325 652338 1077120 153157 56721 293702 308413 2485820 1328858 823251 1156962 2761453 3008006 842681 900555 11850840 13372102 2005864 2614498 2397618 2536684 1583256 1559327 5986738 6710509 X 5864102 6661593 5864102 6661593 11850840 13372102 X 800938 -3447 X 0 1 1 X 0 0 1 0 879279 551401 327878 793836 544570 249266 812705 232887 579818 1156962 ACCRUED INTEREST 5237 DEFERRED COMPENSATION 855810 DEPOSITS AND OTHER ASSETS 39508 900555 DEFERRED COMPENSATION PLAN OBLIGATION 1159656 DEFERRED RENT OBLIGATION 399671 1559327 15843373 15042435 800938 -3447 -3447 797491 16428043 -3447 588117 584670 15843373 0 15843373 15630552 588117 588117 15042435 0 15042435 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS CONCLUDED THAT THE ASSOCIATION HAS MAINTAINED ITS EXEMPT STATUS AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS THROUGH DECEMBER 31, 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 588,117. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 588,117. X X X X 0 0 0 JANET O ESTEP 405764 0 200000 0 2064 0 134985 0 13759 0 756572 0 0 0 PAMELA B MOORE 191038 0 64500 0 538 0 15326 0 779 0 272181 0 0 0 JANE LARIMER 222323 0 90000 0 351 0 17992 0 9044 0 339710 0 0 0 SCOTT LANG 192399 0 66500 0 351 0 15776 0 11155 0 286181 0 0 0 DEBORAH SHAW 169430 0 42100 0 351 0 13877 0 9044 0 234802 0 0 0 MICHAEL HERD 152923 0 53100 0 234 0 14324 0 13045 0 233626 0 0 0 GEORGE THROCKMORTON 139944 0 40100 0 351 0 12219 0 12961 0 205575 0 0 0 ANNE ANDREWS 133283 0 35040 0 538 0 10802 0 863 0 180526 0 0 0 IAN MACOY 120918 0 44090 0 0 0 10534 0 9221 0 184763 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NACHA IS A TRADE ASSOCIATION. ITS BYLAWS INCLUDE THREE DISTINCT MEMBERSHIP CLASSES INCLUDING DIRECT FINANCIAL INSTITUTION MEMBER, REGIONAL PAYMENTS ASSOCIATION MEMBER AND COUNCIL MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE CEO REVIEWS FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C NEW DIRECTORS ARE PROVIDED A COPY OF THE COI POLICY DURING BOARD ORIENTATION AND ARE REQUIRED TO COMPLETE A DISCLOSURE FORM OF ACTUAL OR POTENTIAL CONFLICTS. EACH DIRECTOR IS RESPONSIBLE FOR PROVIDING NOTICE TO THE CHAIRMAN IF A CONFLICT OF INTEREST ARISES. THE CHAIRPERSON, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, CONSIDERS ALL DISCLOSURES OF OTHER INTERESTS TO DETERMINE WHETHER A DIRECTOR CAN BE UNBIASED AND OBJECTIVE WHEN PARTICIPATING IN THE NACHA DECISION MAKING PROCESS. PRIOR TO EACH BOARD MEETING, A COMPLETE DISCLOSURE IS MADE OF ALL BOARD MEMBERS' COI FILINGS, INCLUDING THE DATE OF THE LAST FILING AND ALL POTENTIAL AND ACTUAL CONFLICTS, BUSINESS AND OTHER. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE CEO BASED ON PERFORMANCE AND INDEPENDENT COMPENSATION RESEARCH OF SIMILAR INDUSTRY, SIZE, SCOPE AND GEOGRAPHIC LOCATION. TOP MANAGEMENT AND KEY EMPLOYEE COMPENSATION IS APPROVED BY THE CEO BASED ON PERFORMANCE AND INDEPENDENT RESEARCH RELATIVE TO BOTH BANKING AND ASSOCIATION INDUSTRIES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AS REQUIRED UNDER DISCLOSURE REQUIREMENTS OF A 501(C)6 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,447.