Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
20 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. 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; $969K paid to officers and key staff.
John Drechny’s $729K as CEO is at the 99th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| John Drechny | $729,198 | $620,857 | $547,767 | $551,503 | $488,760 |
| Elizabeth Provenzano | — | $330,247 | $193,393 | $200,174 | $206,875 |
| Laura Townsend | — | — | $320,137 | $318,264 | $273,288 |
| Bryan Penny | — | $295,677 | — | — | — |
| Elizabeth P Provenzano | $286,986 | — | — | — | — |
| Bryan H Penny | $267,937 | — | — | — | — |
| Steven Cole | — | $240,628 | $169,699 | — | — |
| Kristi Simonett | — | $221,811 | — | — | — |
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
Advocates for merchants by driving innovation and positive change in the payments industry.
Questions for Merchant Advisory Group
Your first name shows with your question. Merchant Advisory Group answers here, for everyone.
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Mid-Year Conference
Purpose for the conference is to educate members and provide networking opportunities.
Annual Conference
Purpose for the conference is to educate members and provide networking opportunities.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.5M | $4.5M |
| Total assetsLn 16 | $3.9M | $5.0M |
| LiabilitiesLn 26 | $2.1M | $2.2M |
| Net assetsLn 32 | $1.8M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $109K | |||
| Legal feesLn 11b | $50K | |||
| Accounting feesLn 11c | $51K | |||
| Other fees for servicesLn 11g | $110K | |||
| Advertising and promotionLn 12 | $6K | |||
| Office expensesLn 13 | $14K | |||
| TravelLn 17 | $25K | |||
| Conferences, conventions and meetingsLn 19 | $722K | |||
| InsuranceLn 23 | $2K | |||
| Other expenses (24a–d)Ln 24 | $2.5M | |||
| All other expensesLn 24e | $49K | |||
| Total functional expensesLn 25 | $3.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $7.2M | $8.9M | −$1.7M | $3.8M | 990 PDF |
| FY2023 | $6.9M | $6.8M | $30K | $5.5M | 990 PDF |
| FY2022 | $5.2M | $5.2M | −$3K | $5.4M | 990 PDF |
| FY2021 | $6.6M | $3.9M | $2.6M | $5.4M | 990 PDF |
| FY2020 Viewing | $4.7M | $3.7M | $998K | $2.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $4,673,757 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $4,673,757 across 5 lines filed
Part IX · Statement of functional expenses $3,676,053 across 11 lines filed
Part X · Balance sheet $4,970,023 assets, 10 lines filed
Part XI · Reconciliation of net assets $2,787,021 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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