2024-11-11T09:18:09-06:00 2023-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2023-01-01 042514013 THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION NEWE 7813211011 50 BURLINGTON MALL ROAD 212 BURLINGTON MA 01803 SEAN CARTER PRESIDENT & CEO 7813211011 2024-11-11 1 0 KAREN S NG P01067482 6174399700 2024-11-11 2023 2024-10-15 13:58:12Z X SEAN CARTER 50 BURLINGTON MALL ROAD 212 BURLINGTON MA 01803 3847671 0 X N/A X 1972 MA THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A NONPROFIT ASSOCIATION THAT HELPS MEMBERS ORIGINATE AND RECEIVE ACH TRANSACTIONS, AND PROVIDES PRODUCTS, SERVICES, EDUCATION AND MARKETING TO INCREASE THE ACCEPTANCE, USE AND QUALITY OF ELECTRONIC TRANSACTIONS. 17 17 15 89 0 0 489275 475800 3175463 3236348 13732 135523 0 0 3678470 3847671 0 0 0 0 1996800 2225643 0 0 0 1410664 1647786 3407464 3873429 271006 -25758 4748428 4520095 544743 341022 4203685 4179073 THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A NONPROFIT ASSOCIATION THAT HELPS MEMBERS ORIGINATE AND RECEIVE ACH TRANSACTIONS, AND PROVIDES PRODUCTS, SERVICES, EDUCATION AND MARKETING TO INCREASE THE ACCEPTANCE, USE AND QUALITY OF ELECTRONIC TRANSACTIONS. 0 0 THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION PROVIDES PRODUCTS, SERVICES, EDUCATION AND MARKETING TO INCREASE THE ACCEPTANCE, USE AND QUALITY OF ELECTRONIC TRANSACTIONS. AS OF DECEMBER 31, 2023, THE ASSOCIATION'S MEMBERSHIP CONSISTED OF 382 FINANCIAL INSTITUTIONS AND 82 ASSOCIATE MEMBERS. THE ASSOCIATION SERVICES 95% OF ALL COMMERCIAL BANKS AND THRIFTS AND 62% OF ALL CREDIT UNIONS IN NEW ENGLAND. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 12 0 1 15 1 1 1 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X Z & L ASSOCIATES 6173540010 2440 MASSACHUSETTS AVE UNIT 15 CAMBRIDGE MA 02140 BARBARA HEINEMANN DIRECTOR 1.00 X 0 0 0 JAMES RUSIECKI JR DIRECTOR 1.00 X 0 0 0 JEANNINE HARDY DIRECTOR 1.00 X 0 0 0 JOHN WHITTAKER VICE CHAIR 1.00 X X 0 0 0 KERI GONZALEZ DIRECTOR 1.00 X 0 0 0 LINDA CARMICHAEL DIRECTOR 1.00 X 0 0 0 ROBERT CASHMAN DIRECTOR 1.00 X 0 0 0 SCOTT AMBROCEO TREASURER/DIRECTOR 1.00 X X 0 0 0 SCOTT GOLDTHWAITE DIRECTOR 1.00 X 0 0 0 SEAN LYDON DIRECTOR 1.00 X 0 0 0 STEPHEN ROY CHAIR OF THE BOARD 1.00 X X 0 0 0 STEVE SHERMAN DIRECTOR 1.00 X 0 0 0 NEIL MCHUGH DIRECTOR 1.00 X 0 0 0 PAUL CONNER DIRECTOR 1.00 X 0 0 0 MEGAN NORRIS DIRECTOR 1.00 X 0 0 0 JONATHAN ROBERTS DIRECTOR 1.00 X 0 0 0 ANGELA STROZEWSKI DIRECTOR 1.00 X 0 0 0 JOSEPH CASALI EXECUTIVE VICE PRESIDENT 40.00 X 210065 0 49642 SANDY S HOUNSOME SVP, OPERATIONS 40.00 X 161024 0 44407 SEAN CARTER PRESIDENT & CEO 40.00 X 279784 0 58103 RAYMOND H GRABER SVP, MARKET INTELLIGENCE 40.00 X 144183 0 16600 NICOLE DOWD DIR, RISK MGMT, HR & ADMIN 40.00 X 108610 0 12123 MARY MORRISON-MUMPER DIRECTOR, EDUCATION 40.00 X 115309 0 15252 MEAGAN E NORLUND VP, MARKETING & COMMUNICAT 40.00 X 108349 0 21901 MARK DIXON VP OF EDUCATION 40.00 X 135438 0 11392 ELYSSA F MORGAN VP OF MEMBERSHIP 40.00 X 113671 0 29398 1376433 0 258818 9 0 1 0 0 475800 475800 NEACH TRANSACTION FEES 561499 2550736 2550736 CONFERENCES MEETINGS 611430 433038 433038 SALES OF PUBLICATIONS 423000 250855 250855 SHIPPING & HANDLING 480000 1719 1719 3236348 135523 135523 3847671 3236348 0 135523 795056 845802 223748 223899 137138 37351 30221 3823 167504 200092 154580 153715 163656 142021 160148 2504 25604 19924 PODCASTING 86588 PROF. & PLANNING DEVELO 64927 NACHA ASSESSMENTS 63500 EQUIPMENT RENT & MAINTE 51296 120332 3873429 1105245 415267 2505711 3133806 387200 410709 250819 218724 671123 544116 112923 127007 386530 214582 4748428 4520095 304972 300721 29295 14749 210476 25552 544743 341022 X 4203685 4179073 4203685 4179073 4748428 4520095 -25758 1146 0 X X 0 1 X 1 0 0 1 0 LOBBYING ACTIVITY NO LOBBYING 23319 23319 0 347309 315380 31929 300495 205417 95078 127007 CAPITAL LEASE OBLIGATION 10970 OPERATING LEASE OBLIGATION 14582 25552 X PART X, LINE 2: THE ASSOCIATION IS AN ORGANIZATION AS CONTEMPLATED BY IRC SECTION 501(C)(6) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). THE ASSOCIATION'S FOR PROFIT SUBSIDIARY IS SUBJECT TO FEDERAL AND STATE INCOME TAXATION. THE PROVISION FOR INCOME TAXES FOR THE ASSOCIATION'S FOR-PROFIT SUBSIDIARY FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WHICH IS INCLUDED IN INCOME TAX EXPENSE, IS COMPRISED OF THE FOLLOWING AMOUNTS: 2023 2022 CURRENT: FEDERAL $19,000 $9,500 STATE $9,000 $4,500 TOTAL PROVISION (BENEFIT) FOR INCOME TAXES $14,000 $14,000 MANAGEMENT DOES NOT PROVIDE FOR DEFERRED INCOME TAXES AS ANY SUCH AMOUNTS ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS. TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE ASSOCIATION'S AND ITS FOR-PROFIT SUBSIDIARY'S TAX RETURNS ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET A MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE TO THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022. ALL TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES AND ARE CURRENTLY OPEN TO AUDIT UNDER THE APPLICABLE STATUTES OF LIMITATION BY THE INTERNAL REVENUE SERVICE AND VARIOUS STATES FOR THE YEARS ENDED DECEMBER 31, 2020 THROUGH 2023. X X 0 0 0 SEAN CARTER PRESIDENT & CEO 279784 0 0 0 0 0 33846 0 24257 0 337887 0 0 0 JOSEPH CASALI EXECUTIVE VICE PRESIDENT 210065 0 0 0 0 0 25384 0 24258 0 259707 0 0 0 SANDY S HOUNSOME SVP, OPERATIONS 161024 0 0 0 0 0 18073 0 26334 0 205431 0 0 0 RAYMOND H GRABER SVP, MARKET INTELLIGENCE 144183 0 0 0 0 0 16419 0 181 0 160783 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A MEMBERS ONLY ORGANIZATION WHOSE MEMBERSHIP CONSISTS OF 382 FINANCIAL INSTITUTIONS AND 82 ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A MEMBERS ONLY ORGANIZATION WHOSE MEMBERSHIP CONSISTS OF 382 FINANCIAL INSTITUTIONS AND 82 ASSOCIATE MEMBERS. AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE GOVERNING BOARD IS ELECTED AND ALL BUSINESS OF THE ASSOCIATION THAT MAY PROPERLY COME BEFORE THE MEETING IS VOTED ON BY THE MEMBERS FORM 990, PART VI, SECTION A, LINE 7B THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION IS A MEMBERS ONLY ORGANIZATION WHOSE MEMBERSHIP CONSISTS OF 382 FINANCIAL INSTITUTIONS AND 82 ASSOCIATE MEMBERS. AT THE ANNUAL MEETING OF THE MEMBERSHIP, THE GOVERNING BOARD IS ELECTED AND ALL BUSINESS OF THE ASSOCIATION THAT MAY PROPERLY COME BEFORE THE MEETING IS VOTED ON BY THE MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE AUTHORITY TO REVIEW AND SIGN THE FORM 990 TO THE PRESIDENT OF THE ASSOCIATION. ANY BOARD MEMBER CAN UPON REQUEST OBTAIN A COPY OF AND DISCUSS THE CONTENTS OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS JANUARY 25, 2007 REQUIRES EACH OFFICER OR DIRECTOR TO EXAMINE ANY POTENTAL ACTIVITIES THAT MAY GIVE RISE TO A CONFLICT & ABSTAIN FROM VOTING ON AN ISSUE IF THE DIRECTOR BELIEVES IT WILL CONFLICT WITH THEIR DUTIES AS A BOARD MEMBER OR AS AN EMPLOYEE OF A MEMBER. ANNUALLY THIS POLICY IS REVIEWED WITH THE BOARD OF DIRECTORS AND DISCLOSURE OF ANY CONFLICTS IS REQUESTED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION AND EMPLOYMENT CONTRACT OF THE CHIEF EXECUTIVE OFFICER. THE BOARD EMPLOYS USE OF COMPARABILITY DATA AND INDEPENDENT COMPENSATION SPECIALISTS IN ORDER TO EVALUATE AND VOTE ON THE COMPENSATION PACKAGE. THE BOARD APPROVES A SALARY POOL FOR ALL OTHER OFFICERS AND KEY DECISION MAKING EMPLOYEES. THE BOARD DELEGATES THE PROCESS OF ALLOCATION OF THAT POOL TO THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 NEACH HAS MADE AVAILABLE ITS BY-LAWS, AND OTHER ORGANIZATIONAL PAPERS, ITS PRIOR FILED FORM 990S, CONFLICT OF INTEREST POLICY AND ALL RELATED DOCUMENTS TO ANYONE WHO HAS REQUESTED THEM. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS OF NEACH DURING THE TAX YEAR. NEACH PAYMENTS GROUP C/O NEACH 35 CORPORATE DRIVE SUITE BURLINGTON MA 01803 473367143 SUPPORTING SV DE N/A C 865167 798270 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NEACH PAYMENTS GROUP INC O 286233 FMV NEACH PAYMENTS GROUP INC A 47175 FMV NEACH PAYMENTS GROUP INC N 47175 FMV