2011-11-11T13:57:42-06:00 2010-12-31 JOHNSON LAMBERT & CO LLP 700 SPRING FOREST ROAD STE 115 RALEIGH NC 27609 990 2010-01-01 237451693 NATIONAL AUTOMATED CLEARING HOUSE ASSOCIATION NATI 7035611100 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 JANET O ESTEP 7035611100 2011-11-11 1 9197196400 2010 2016-03-07 17:11:31Z NACHA-THE ELECTRONIC PAYMENTS ASSOCI JANET O ESTEP 13450 SUNRISE VALLEY DRIVE NO 100 HERNDON VA 20171 15403349 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 67 0 0 0 0 0 12030003 13122225 66490 66221 1542938 1668593 13639431 14857039 0 0 0 0 7738131 7953288 0 0 0 5507712 6015701 13245843 13968989 393588 888050 10198410 11850840 5206051 5986738 4992359 5864102 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 12,000 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 RELATIONS8. NATIONAL CONSUMER CAMPAIGN 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 12 0 1 67 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 MARCIE J HAITEMA 2.00 X X 0 0 0 STEPHEN M ELLIS 2.00 X X 0 0 0 MICHAEL A BILSKI 2.00 X X 0 0 0 JEFFREY W JONES 2.00 X 0 0 0 FRED LIANG II 2.00 X 0 0 0 DAVE WILIS 2.00 X 0 0 0 JOHN E LUCAS 2.00 X 0 0 0 PAT THELEN 2.00 X 0 0 0 WILLIAM B BRADLEY 2.00 X 0 0 0 JENNIE COOK 2.00 X 0 0 0 HUBERT J P JOLLY 2.00 X 0 0 0 ELLIOT H BERMAN 2.00 X 0 0 0 ROBERT D EDWARDS 2.00 X 0 0 0 CHARLES B BRETZ 2.00 X 0 0 0 CHRYSTINA M GIORGIO 2.00 X 0 0 0 WILLIAM M NEWMAN 2.00 X 0 0 0 WILLIAM J SHOCH 2.00 X 0 0 0 ANTHONY A GAUTNEY 2.00 X 0 0 0 ROBERT A STEEN 2.00 X 0 0 0 JANET O ESTEP 40.00 X 577910 0 142974 PAMELA B MOORE 40.00 X 247194 0 11975 JANE LARIMER 40.00 X 290648 0 21553 SCOTT LANG 40.00 X 249247 0 20051 IAN MACOY 40.00 X 204325 0 22662 DEBORAH SHAW 40.00 X 204902 0 18558 MICHAEL HERD 40.00 X 192737 0 21618 GEORGE THROCKMORTON 40.00 X 171285 0 20895 ANNE ANDREWS 40.00 X 156218 0 8682 2294466 0 288968 24 0 1 0 SIDLEY AUSTIN BROWN & WOOD 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 631776 VISION LITHOGRAPHICS 9601 FALLARD TER UPPER MARLBORO MD 20772 PRINTING SERVICES 481096 ARAMARK 800 CONVENTION PL SEATTLE WA 98101 CATERING SERVICES 200257 WEBER SHANDWICK 8000 NORMAN CENTER DR STE 400 MINNEAPOLIS MN 55437 PUBLIC RELATIONS SERVICES 167225 O'KEEFE COMMUNICATIONS 4301 CONNECTICUT AVE STE 200 WASHINGTON DC 20008 EVENTS PRODUCTION SERVICES 166645 13 ACH ADMINISTRATIVE FEE 900099 5560416 5560416 MEMBER DUES 900099 3354802 3354802 CONFERENCES 900099 2536079 2536079 EDUCATION AND TRAINING 611710 954131 945627 8504 AAP PROGRAM 900099 466420 466420 250377 225377 25000 13122225 66221 66221 269896 269896 1411942 546310 865632 865632 SYSTEM OF FINES 900099 257500 257500 PAY IT GREEN 900099 178483 178483 QRF REVENUE 900099 53650 53650 43432 39455 3977 533065 14857039 11947362 0 2909677 1561550 5312841 249166 433274 396457 865293 75583 527 745327 710865 247075 410086 472610 309306 1359836 292321 131884 NATIONAL CONSUMER CAMPA 225377 BANK & CREDIT CARD CHAR 115591 REBATES 81327 RESEARCH 77004 ALLOCATIONS -145910 41599 13968989 4484938 6324258 624691 652338 182701 153157 281165 293702 2468602 1645351 878092 823251 3027760 2761453 719063 842681 10198410 11850840 1738608 2005864 2032562 2397618 1434881 1583256 5206051 5986738 X 4992359 5864102 4992359 5864102 10198410 11850840 X 888050 -16307 X 0 1 1 X 0 0 1 0 868544 442266 426278 686506 524421 162085 913552 678664 234888 823251 ACCRUED INTEREST 16247 DEFERRED COMPENSATION 786926 DEPOSITS AND OTHER ASSETS 39508 842681 DEFERRED COMPENSATION PLAN OBLIGATION 1075387 DEFERRED RENT OBLIGATION 507869 1583256 14857039 13968989 888050 -16307 -16307 871743 15387042 -16307 546310 530003 14857039 0 14857039 14515299 546310 546310 13968989 0 13968989 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, 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS -16,307. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 546,310. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 546,310. X X 1 1 X X X X 0 0 0 JANET O ESTEP 387731 0 187150 0 3029 0 130085 0 12889 0 720884 0 0 0 PAMELA B MOORE 186379 0 60500 0 315 0 11202 0 773 0 259169 0 0 0 JANE LARIMER 214333 0 76000 0 315 0 13100 0 8453 0 312201 0 0 0 SCOTT LANG 189432 0 59500 0 315 0 11598 0 8453 0 269298 0 0 0 IAN MACOY 162010 0 42000 0 315 0 10493 0 12169 0 226987 0 0 0 DEBORAH SHAW 164587 0 40000 0 315 0 10105 0 8453 0 223460 0 0 0 MICHAEL HERD 144527 0 48000 0 210 0 9449 0 12169 0 214355 0 0 0 GEORGE THROCKMORTON 134970 0 36000 0 315 0 8810 0 12085 0 192180 0 0 0 ANNE ANDREWS 128735 0 27000 0 483 0 7825 0 857 0 164900 0 0 0 PART I, LINE 1A JANET ESTEP WAS PROVIDED WITH A HOUSING ALLOWANCE. THE ALLOWANCE WAS TAXABLE, AND IT WAS GROSSED-UP ACCORDINGLY. 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 GAINS (LOSSES) ON INVESTMENTS -16,307. TOTAL TO FORM 990, PART XI, LINE 5: -16,307.