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Paymentsed Forum INC

Not tax-deductible

Altamonte Spg, FL501(c)(6)Since 1989Mutual / membership EIN 06-1377469Revenue $702K in FY2025

On file with the IRSpaymentsed.org222 S Westmonte Dr Ste 111, 32714-4268 · Altamonte Spg, FLTax-exempt since Sep 1998

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Annual educational Forum providing education in the area of payment processing for merchants selling primarily via ecommerce and call centers

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
82¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $63K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$702K
+15% vs prior year
Spent
$642K
To programs
82%
Net assets
$677K
By yearFY2020–FY2025
Revenue
$702K
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$290K
FY2022$581K
FY2023$597K
FY2024$610K
FY2025$702K
Expenses
$642K
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$264K
FY2021$299K
FY2022$477K
FY2023$537K
FY2024$532K
FY2025$642K
Net assets
$677K
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$384K
FY2021$375K
FY2022$479K
FY2023$539K
FY2024$617K
FY2025$677K

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $523K Management & general 18% · $118K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Fred Rodriguez
Executive Director
$7,000Pt VII · Sec A
Bobby Wright
Director
$0Pt VII · Sec A
Jonathan Lee
Vice Chairman
$0Pt VII · Sec A
Peter Kovacs
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Cullen
Director
$0Pt VII · Sec A
Maggie Cheung
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2022FY2021FY2020
Laura Lively—$88,500$90,188$86,250
Fred Rodriguez$7,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates merchants on payment processing for e-commerce and call center sales.

Questions for Paymentsed Forum INC

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1 program · $523K · in their own filed words · FY2024
01

Paymentsed forum provides an annual forum for education and networking by merchant payment professionals.

$523Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$702K
Ln 12
Gifts and grantsLn 1h$426K
Fees for servicesLn 2g$255K
Investment incomeLn 3$21K
Money outPt IX
$642K
Ln 25
Programscol B$523K
Managementcol C$118K
Owns and owesPt X
$677K
net assets · Ln 32
Cash and savingsLn 1–2$657K
Total assetsLn 16$681K
LiabilitiesLn 26$4K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Fees for servicesLn 2g$255K
Investment incomeLn 3$21K
Total revenueLn 12$702K
Assets in detailPt X, end of year
CashLn 1$227K
SavingsLn 2$429K
Cash and savings togetherLn 1–2$657K
Total assetsLn 16$681K
LiabilitiesLn 26$4K
Net assetsLn 32$677K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$528K$657K
Total assetsLn 16$622K$681K
LiabilitiesLn 26$5K$4K
Net assetsLn 32$617K$677K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7K$7K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$537$537
Information technologyLn 14$5K$5K
Conferences, conventions and meetingsLn 19$74K$74K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$538K$450K$89K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$642K$523K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $702K$642K$60K$677K 990 PDF
FY2024 $610K$532K$78K$617K 990 PDF
FY2023 $597K$537K$60K$539K 990 PDF
FY2022 $581K$477K$104K$479K 990 PDF
FY2021 $290K$299K−$9K$375K 990 PDF
FY2020 $349K$264K$85K$384K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $701,520 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $374,160$425,500
I-9 Program service revenuePrior year $219,980$255,135
I-10 Investment incomePrior year $15,479$20,885
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $609,619$701,520
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$7,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $531,693$634,595
I-18 Total expensesPrior year $531,693$641,595
I-19 Revenue less expensesPrior year $77,926$59,925
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $701,520 across 5 lines filed
VIII-1f All other contributions, gifts and grants$425,500
VIII-1h Total contributions, gifts and grants$425,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $255,135$255,135
VIII-3 Investment incomeExcluded from tax $20,885$20,885
VIII-12 Total revenueRelated to mission $255,135 · Unrelated business $0 · Excluded from tax $20,885$701,520
Part IX · Statement of functional expenses $641,595 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $7,000$7,000
IX-11c Accounting feesManagement $8,355$8,355
IX-12 Advertising and promotionManagement $3,812$3,812
IX-13 Office expensesManagement $537$537
IX-14 Information technologyManagement $5,093$5,093
IX-19 Conferences, conventions and meetingsPrograms $73,767$73,767
IX-23 InsuranceManagement $3,497$3,497
IX-24 Other expenses (24a–d)Programs $449,585 · Management $88,780$538,365
IX-24e All other expensesManagement $1,169$1,169
IX-25 Total functional expensesPrograms $523,352 · Management $118,243 · Fundraising $0$641,595
Part X · Balance sheet $681,393 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $122,387$227,460
X-2 Savings and temporary cash investmentsStart of year $405,707$429,336
X-9 Prepaid expenses and deferred chargesStart of year $86,328$24,597
X-16 Total assetsStart of year $621,756$681,393
X-17 Accounts payable and accrued expensesStart of year $4,584$4,296
X-26 Total liabilitiesStart of year $4,584$4,296
X-27 Net assets without donor restrictionsStart of year $617,172$677,097
X-32 Total net assets or fund balancesStart of year $617,172$677,097
X-33 Total liabilities and net assetsStart of year $621,756$681,393
Part XI · Reconciliation of net assets $677,097 net assets at year end
XI-1 Total revenue$701,520
XI-2 Total expenses$641,595
XI-3 Revenue less expenses$59,925
XI-4 Net assets at start of year$617,172
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$677,097

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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