2025-10-16T13:38:10-05:00 2024-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2024-01-01 042514013 THE NEW ENGLAND AUTOMATED CLEARING HOUSE ASSOCIATION NEWE 7813211011 50 BURLINGTON MALL ROAD 212 BURLINGTON MA 01803 SEAN CARTER PRESIDENT & CEO 7813211011 2025-10-16 1 0 KAREN S NG P01067482 6174399700 2025-10-16 2024 2025-03-06 01:10:19Z SEAN CARTER 50 BURLINGTON MALL ROAD 212 BURLINGTON MA 01803 3750165 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. 16 16 20 67 0 0 475800 467900 3236348 3149539 135523 132726 0 0 3847671 3750165 0 0 0 0 2225643 2236190 0 0 0 1647786 1615034 3873429 3851224 -25758 -101059 4520095 4776697 341022 698683 4179073 4078014 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, 2024, THE ASSOCIATION'S MEMBERSHIP CONSISTED OF 377 FINANCIAL INSTITUTIONS AND 81 ASSOCIATE MEMBERS. THE ASSOCIATION SERVICES 96% OF ALL COMMERCIAL BANKS AND THRIFTS AND 61% OF ALL CREDIT UNIONS IN NEW ENGLAND. 0 0 0 1 0 0 0 0 0 1 0 0 1 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 15 0 1 20 1 1 1 0 0 0 0 0 0 0 X 16 16 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 SEAN LYNDON DIRECTOR 1.00 X 0 0 0 SCOTT GOLDTHWAITE DIRECTOR 1.00 X 0 0 0 SCOTT AMBROCEO TREASURER/DIRECTOR 1.00 X X 0 0 0 ROBERT CASHMAN DIRECTOR 1.00 X 0 0 0 PAUL CONNER DIRECTOR 1.00 X 0 0 0 NEIL MCHUGH DIRECTOR 1.00 X 0 0 0 ANGELA STROZEWSKI DIRECTOR 1.00 X 0 0 0 STEPHEN ROY CHAIR (RETIRED) 1.00 X X 0 0 0 LINDA CARMICHAEL DIRECTOR 1.00 X 0 0 0 KERI GONZALEZ DIRECTOR 1.00 X 0 0 0 JONATHAN ROBERTS DIRECTOR 1.00 X 0 0 0 JOHN WHITTAKER CHAIR 1.00 X X 0 0 0 JEANNINE HARDY DIRECTOR 1.00 X 0 0 0 JAMES RUSIECKI JR VICE CHAIR 1.00 X X 0 0 0 BARBARA HEINEMANN DIRECTOR 1.00 X 0 0 0 MEGAN NORRIS DIRECTOR 1.00 X 0 0 0 STEVE SHERMAN SECRETARY/DIRECTOR 1.00 X X 0 0 0 BRANDIE THACKER SR. VICE PRESIDENT 40.00 X 112576 0 14379 SEAN CARTER PRESIDENT & CEO 40.00 X 296663 0 62303 JOSEPH CASALI EVP 40.00 X 214462 0 54383 MEAGAN E NORLUND VP & ASST. SECRETARY 40.00 X 110874 0 23468 MARY MORRISON-MUMPER DIRECTOR, EDUCATION 40.00 X 116031 0 24243 ELYSSA F MORGAN VP OF MEMBERSHIP 40.00 X 116274 0 42674 NICOLE DOWD DIR, RISK MGMT, HR & ADMIN 40.00 X 111657 0 13061 1078537 0 234511 7 0 1 0 0 467900 467900 NEACH TRANSACTION FEES 561499 2587407 2587407 CONFERENCES MEETINGS 611430 376946 376946 SALES OF PUBLICATIONS 423000 183443 183443 SHIPPING & HANDLING 480000 1743 1743 3149539 132726 132726 3750165 3149539 0 132726 734576 883252 222037 251593 144732 31455 29065 3094 207683 186308 126294 210441 72944 178927 157400 5655 63060 23729 BOARD OF DIRECTORS 66491 NACHA ASSESSMENTS 63000 PODCASTING 48000 PROF. & PLANNING DEVELO 47273 94215 3851224 415267 347484 3133806 3039392 410709 376638 218724 272046 257274 83870 127007 173404 214582 567733 4520095 4776697 300721 286450 14749 17160 25552 395073 341022 698683 X 4179073 4078014 4179073 4078014 4520095 4776697 -101059 0 X X 0 1 X 1 0 0 1 0 LOBBYING ACTIVITY NO LOBBYING 5716 762 4954 153162 63829 89333 98396 19279 79117 173404 INVESTMENT IN NPG 200000 OPERATING LEASE RIGHT-OF-USE ASSET 353882 SECURITY DEPOSITS 13251 DEPOSITS OTHER 600 567733 CAPITAL LEASE OBLIGATION 21117 OPERATING LEASE OBLIGATION 373956 395073 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, 2024 AND 2023, WHICH IS INCLUDED IN INCOME TAX EXPENSE, IS COMPRISED OF THE FOLLOWING AMOUNTS: 2024 2023 CURRENT: FEDERAL $2,275 $19,000 STATE $1,389 $9,000 TOTAL PROVISION (BENEFIT) FOR INCOME TAXES $3,664 $28,000 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, 2024 AND 2023. 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, 2021 THROUGH 2024. X X 0 0 0 SEAN CARTER PRESIDENT & CEO 296663 0 0 0 0 0 36106 0 26197 0 358966 0 0 0 JOSEPH CASALI EVP 214462 0 0 0 0 0 27085 0 27298 0 268845 0 0 0 ELYSSA F MORGAN VP OF MEMBERSHIP 116274 0 0 0 0 0 15396 0 27278 0 158948 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 377 FINANCIAL INSTITUTIONS AND 81 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 377 FINANCIAL INSTITUTIONS AND 81 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 377 FINANCIAL INSTITUTIONS AND 81 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 50 BURLINGTON MALL ROAD S BURLINGTON MA 01803 473367143 SUPPORTING SV DE N/A C 921290 619399 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 400353 FMV NEACH PAYMENTS GROUP INC A 46828 FMV NEACH PAYMENTS GROUP INC N 46828 FMV