Electronic Transactions Association FY2020 filing

Not tax-deductible

Washington, DC501(c)(6)Since 1990EIN 52-1700108

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Provide leadership in the transaction processing industry through education and advocacy.

$1.2M 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
2 of 5
filings with a surplus
Average surplus $3.1M a year · 27% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.2M
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
24% of total assets
Looks good: liabilities are 24% 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
$2.7M
Spent
$5.2M
Net assets
$7.0M
By yearFY2020–FY2024
Revenue
$2.7M
FY2020
Revenue by fiscal year
FY2020$2.7M
FY2021$4.9M
FY2022$9.0M
FY2023$10.5M
FY2024$30.8M
Expenses
$5.2M
FY2020
Expenses by fiscal year
FY2020$5.2M
FY2021$5.8M
FY2022$8.6M
FY2023$10.6M
FY2024$12.1M
Net assets
$7.0M
FY2020
Net assets by fiscal year
FY2020$7.0M
FY2021$6.4M
FY2022$5.3M
FY2023$5.9M
FY2024$25.3M

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

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1991.

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

Who runs it and what they're paid

19 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$631,590Pt VII · Sec A
Senior VP Government Affai
$324,090Pt VII · Sec A
VP Industry Affairs (thru 5/20)
$146,760Pt VII · Sec A
Director of Communication
$130,173Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Jodie L Kelley$915,780$1,047,176$922,929$808,456—
Jodie Kelley————$631,590
Scott Talbott$436,185$385,265$355,108$335,399—
Scott Talbott————$324,090
Alexis Byrne$255,469$224,114$216,112$194,258—
Seemin Qadiri$218,777$212,963$206,182$173,557—
Allison Furlong$206,200$192,974$140,889——
Brian Yates$158,152$165,357———

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.

See Electronic Transactions Association executive salaries →

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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 and advocates for leadership in transaction processing.

Provided by the organization

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

Communicationseta serves as a primary source for the media on payments trends and is viewed as a thought leader within the payments technology industry. Eta's print publication, transaction trends, is published and distributed four times a year.

Pt IX · col B
02

Meetings transact, eta's annual meeting and tradeshow, brings together all parts of the payments ecosystem to meet, see what's new, and learn what it takes to grow. Through networking events and education sessions, attendees learn about groundbreaking technology, security trends and policies impacting the industry.

Pt IX · col B
03

Public policy policy activities focused on important issues for eta members at the federal and state level. We employ advocacy and education efforts to assist policy makers in understanding the modern payments world.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$439K
Other incomeLn 4–11$162K
Money outPt IX
$5.2M
Ln 25
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$491K
Total assetsLn 16$9.3M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
19
listed · VII A
PaidVII A4
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$439K
Other incomeLn 4–11$162K
Gains on assetsLn 7$311K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$487K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$491K
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$293K
Other assetsLn 15$84K
Total assetsLn 16$9.3M
LiabilitiesLn 26$2.2M
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 516
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$2.2M$491K
InvestmentsLn 11–13$9.4M$8.1M
Land, buildings, equipmentLn 10c$352K$293K
Total assetsLn 16$12.5M$9.3M
LiabilitiesLn 26$2.7M$2.2M
Net assetsLn 32$9.8M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$670K
Other salaries and wagesLn 7$1.3M
Pension plan contributionsLn 8$146K
Other employee benefitsLn 9$74K
Payroll taxesLn 10$113K
Legal feesLn 11b$236K
Accounting feesLn 11c$286K
Lobbying feesLn 11d$209K
Investment management feesLn 11f$25K
Other fees for servicesLn 11g$783K
Advertising and promotionLn 12$168K
Office expensesLn 13$79K
Information technologyLn 14$161K
OccupancyLn 16$239K
TravelLn 17$47K
Conferences, conventions and meetingsLn 19$443K
Depreciation, depletion and amortizationLn 22$61K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$173K
All other expensesLn 24e$16K
Total functional expensesLn 25$5.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30.8M$12.1M$18.8M$25.3M 990 PDF
FY2023 $10.5M$10.6M−$96K$5.9M 990 PDF
FY2022 $9.0M$8.6M$347K$5.3M 990 PDF
FY2021 $4.9M$5.8M−$902K$6.4M 990 PDF
FY2020 Viewing $2.7M$5.2M−$2.6M$7.0M 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 $2,655,961 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,012,631 · Unrelated business $42,091$2,054,722
VIII-3 Investment incomeExcluded from tax $128,134$128,134
VIII-7 Net gain or loss on sales of assetsExcluded from tax $310,846$310,846
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $162,259$162,259
VIII-12 Total revenueRelated to mission $2,012,631 · Unrelated business $42,091 · Excluded from tax $601,239$2,655,961
Part IX · Statement of functional expenses $5,242,112 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$670,265
IX-7 Other salaries and wages$1,301,635
IX-8 Pension plan contributions$145,808
IX-9 Other employee benefits$74,248
IX-10 Payroll taxes$112,976
IX-11b Legal fees$235,700
IX-11c Accounting fees$285,922
IX-11d Lobbying fees$208,850
IX-11f Investment management fees$25,368
IX-11g Other fees for services$782,698
IX-12 Advertising and promotion$167,921
IX-13 Office expenses$78,592
IX-14 Information technology$160,728
IX-16 Occupancy$239,119
IX-17 Travel$46,853
IX-19 Conferences, conventions and meetings$442,866
IX-22 Depreciation, depletion and amortization$60,989
IX-23 Insurance$12,212
IX-24 Other expenses (24a–d)$173,138
IX-24e All other expenses$16,224
IX-25 Total functional expenses$5,242,112
Part X · Balance sheet $9,257,073 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,389,678$487,322
X-2 Savings and temporary cash investmentsStart of year $813,377$3,585
X-4 Accounts receivableStart of year $192,269$188,335
X-9 Prepaid expenses and deferred chargesStart of year $272,951$122,545
X-10c Land, buildings and equipment, netStart of year $352,468$292,780
X-11 Publicly traded securitiesStart of year $9,407,268$8,078,379
X-15 Other assetsStart of year $25,862$84,127
X-16 Total assetsStart of year $12,453,873$9,257,073
X-17 Accounts payable and accrued expensesStart of year $622,232$714,630
X-19 Deferred revenueStart of year $1,505,579$1,006,516
X-25 Other liabilitiesStart of year $540,735$524,834
X-26 Total liabilitiesStart of year $2,668,546$2,245,980
X-27 Net assets without donor restrictionsStart of year $9,736,157$6,955,422
X-28 Net assets with donor restrictionsStart of year $49,170$55,671
X-32 Total net assets or fund balancesStart of year $9,785,327$7,011,093
X-33 Total liabilities and net assetsStart of year $12,453,873$9,257,073
Part XI · Reconciliation of net assets $7,011,093 net assets at year end
XI-1 Total revenue$2,655,961
XI-2 Total expenses$5,242,112
XI-3 Revenue less expenses−$2,586,151
XI-4 Net assets at start of year$9,785,327
XI-5 Net unrealized gains (losses) on investments−$194,930
XI-9 Other changes in net assets$6,847
XI-10 Net assets at end of year$7,011,093

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

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