Epayresources FY2020 filing

Not tax-deductible

Irving, TX501(c)(6)Since 1974EIN 23-7382708

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Organization provides education, training and support on both the operational and marketing aspects of electronic payments systems and processes to member banks, credit unions and affiliate organizations. The seminars and workshops also offer members opportunities to exchange ideas to further epayresources' educational purpose.

$858K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $156K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$858K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.0M
42% of total assets
Looks good: liabilities are 42% 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
$5.2M
Spent
$4.4M
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$5.2M
FY2020
Revenue by fiscal year
FY2020$5.2M
FY2021$5.2M
FY2022$5.5M
FY2023$5.7M
FY2024$6.1M
Expenses
$4.4M
FY2020
Expenses by fiscal year
FY2020$4.4M
FY2021$4.9M
FY2022$5.6M
FY2023$6.0M
FY2024$5.9M
Net assets
$5.6M
FY2020
Net assets by fiscal year
FY2020$5.6M
FY2021$5.9M
FY2022$5.8M
FY2023$5.4M
FY2024$5.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1977.

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

Who runs it and what they're paid

25 people listed on the 990; $858K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$320,321Pt VII · Sec A
EVP Membership & Industry
$156,665Pt VII · Sec A
SVP Operations & IT
$141,115Pt VII · Sec A
SVP Finance & Admin
$136,383Pt VII · Sec A
President, Subsidiary
$104,010Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Steele—$420,203$417,456$353,217$320,321
Jeff Foote$284,975$245,231$113,056——
Timothy Quisenberry—$242,203———
Tim Quisenberry——$205,105$187,253$156,665
Vito Ciraci$183,962$169,346$132,669$29,795—
Tracy Marshall$170,520$175,091$174,643$160,550$141,115
Tracy Merritt$163,401$153,206———
Cindy McSpadden———$87,122$136,383

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 15aYes

Programs and updates

Educates financial institutions on electronic payment systems and marketing through training and idea exchange.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2020.
01

Workshops and seminars support the educational needs of its MEMBERS2 conferences 436 total ATTENDEES49 webinars 1,050 total ATTENDEES43 workshops 743 total ATTENDEES270 enrollees in on demand learning platform 388 completed courses

Pt IX · col B
02

Risk management events inform members of issues relating to bank security and fraudulent activities. 1 financial crime symposium event 143 total ATTENDEES18 fraud committee meetings 338 total attendees

Pt IX · col B
03

Publication sales educate and assist member and non-member organizations in the areas of ach and other electronic PAYMENTS.12,689 publications sold

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Fees for servicesLn 2g$5.0M
Other incomeLn 4–11$238K
Investment incomeLn 3$16K
Money outPt IX
$4.4M
Ln 25
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.8M
Total assetsLn 16$9.6M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
25
listed · VII A
PaidVII A5
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$16K
Other incomeLn 4–11$238K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$4.8M
InvestmentsLn 11–13−$674K
Land, buildings, equipmentLn 10c$188K
Other assetsLn 15$4.9M
Total assetsLn 16$9.6M
LiabilitiesLn 26$4.0M
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.0M$4.8M
InvestmentsLn 11–13−$678K−$674K
Land, buildings, equipmentLn 10c$199K$188K
Total assetsLn 16$7.8M$9.6M
LiabilitiesLn 26$3.0M$4.0M
Net assetsLn 32$4.8M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$691K
Other salaries and wagesLn 7$1.4M
Pension plan contributionsLn 8$195K
Other employee benefitsLn 9$421K
Management feesLn 11a$314K
Legal feesLn 11b$16K
Other fees for servicesLn 11g$23K
Advertising and promotionLn 12$7K
Office expensesLn 13$182K
Information technologyLn 14$338K
OccupancyLn 16$238K
TravelLn 17$115K
Conferences, conventions and meetingsLn 19$121K
Depreciation, depletion and amortizationLn 22$83K
InsuranceLn 23$34K
Other expenses (24a–d)Ln 24$242K
Total functional expensesLn 25$4.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.1M$5.9M$188K$5.6M 990 PDF
FY2023 $5.7M$6.0M−$347K$5.4M 990 PDF
FY2022 $5.5M$5.6M−$132K$5.8M 990 PDF
FY2021 $5.2M$4.9M$300K$5.9M 990 PDF
FY2020 Viewing $5.2M$4.4M$771K$5.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $5,216,509 across 4 lines filed
Lines not itemized here account for $236,918 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,962,507$4,962,507
VIII-3 Investment incomeExcluded from tax $16,134$16,134
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $950$950
VIII-12 Total revenueRelated to mission $5,200,375 · Unrelated business $0 · Excluded from tax $16,134$5,216,509
Part IX · Statement of functional expenses $4,445,177 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$690,537
IX-7 Other salaries and wages$1,425,038
IX-8 Pension plan contributions$195,482
IX-9 Other employee benefits$421,034
IX-11a Management fees$313,598
IX-11b Legal fees$16,189
IX-11g Other fees for services$23,481
IX-12 Advertising and promotion$7,232
IX-13 Office expenses$182,365
IX-14 Information technology$337,717
IX-16 Occupancy$237,866
IX-17 Travel$115,440
IX-19 Conferences, conventions and meetings$120,940
IX-22 Depreciation, depletion and amortization$82,964
IX-23 Insurance$33,618
IX-24 Other expenses (24a–d)$241,676
IX-25 Total functional expenses$4,445,177
Part X · Balance sheet $9,626,512 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,587,712$78,098
X-2 Savings and temporary cash investmentsStart of year $2,377,021$4,695,048
X-4 Accounts receivableStart of year $60,478$82,701
X-8 Inventories for sale or useStart of year $69,340$190,164
X-9 Prepaid expenses and deferred chargesStart of year $169,522$207,374
X-10c Land, buildings and equipment, netStart of year $199,257$188,085
X-12 Other securitiesStart of year −$677,742−$673,578
X-15 Other assetsStart of year $4,007,794$4,858,620
X-16 Total assetsStart of year $7,793,382$9,626,512
X-17 Accounts payable and accrued expensesStart of year $2,459,936$3,498,718
X-19 Deferred revenueStart of year $214,612$145,860
X-25 Other liabilitiesStart of year $299,187$386,791
X-26 Total liabilitiesStart of year $2,973,735$4,031,369
X-27 Net assets without donor restrictionsStart of year $4,819,647$5,595,143
X-32 Total net assets or fund balancesStart of year $4,819,647$5,595,143
X-33 Total liabilities and net assetsStart of year $7,793,382$9,626,512
Part XI · Reconciliation of net assets $5,595,143 net assets at year end
XI-1 Total revenue$5,216,509
XI-2 Total expenses$4,445,177
XI-3 Revenue less expenses$771,332
XI-4 Net assets at start of year$4,819,647
XI-9 Other changes in net assets$4,164
XI-10 Net assets at end of year$5,595,143

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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