Swift US National Group

Not tax-deductible

Jersey City, NJ501(c)(6)Since 2012Community Development EIN 90-0897610Revenue $17K in FY2025

On file with the IRS575 Washington Blvd 17th Floor, 07310-1616 · Jersey City, NJTax-exempt since Jul 2014

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The Swift US National Group (susa) represents the interests of the US members of the society for worldwide interbank financial telecommunication (Swift). Swift promotes the common business interest of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential, financial messages. Swift communicates and interacts with other National and international organizations with respect to standards for financial messaging and transaction technology. Susa will promote the common business interests of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential financial messages.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
55¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
4 of 6
filings with a surplus
Average surplus $4K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 71% of spending
Concern: pay to officers and key staff is 71% of spending; over 30%.
Pt VII · Sec A
93 mo
of spending, in cash
Looks good: 92.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
-89% vs prior year
Spent
$88K
To programs
55%
Net assets
$679K
By yearFY2020–FY2025
Revenue
$17K
FY2025▼ -89%
Tap a bar for its year
Revenue by fiscal year
FY2020$157K
FY2021$151K
FY2022$158K
FY2023$147K
FY2024$163K
FY2025$17K
Expenses
$88K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$134K
FY2022$132K
FY2023$182K
FY2024$92K
FY2025$88K
Net assets
$679K
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$672K
FY2021$689K
FY2022$715K
FY2023$680K
FY2024$750K
FY2025$679K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $48K Management & general 45% · $40K

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; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
$62,200Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Roy Decicco User Group Chair’s $62K as Treasurer is at the 90th percentile of top reported officer pay among 168 <$100K 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 · 1 named individual · Part VII

NameFY2025FY2024
Roy Decicco User Group Chair$62,200$53,075

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 Swift US National Group 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 15aNo

Programs and updates

Connects banks globally for secure, reliable financial transaction messaging.

Questions for Swift US National Group

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Your first name shows with your question. Swift US National Group answers here, for everyone.

Provided by the organization

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1 program · $48K · in their own filed words · FY2025
01

The organization, through membership in swift, (I) promotes the common business interests of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential financial messages; (ii) to represent and advance the interests of the corporation and its members to and…

$48Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Investment incomeLn 3$17K
Money outPt IX
$88K
Ln 25
Programscol B$48K
Managementcol C$40K
Owns and owesPt X
$679K
net assets · Ln 32
Cash and savingsLn 1–2$679K
Total assetsLn 16$679K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$17K
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$590K
Cash and savings togetherLn 1–2$679K
Total assetsLn 16$679K
LiabilitiesLn 26$0
Net assetsLn 32$679K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$750K$679K
Total assetsLn 16$750K$679K
LiabilitiesLn 26$0$0
Net assetsLn 32$750K$679K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$44K$19K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$523$523
Conferences, conventions and meetingsLn 19$5K$5K
Total functional expensesLn 25$88K$48K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $17K$88K−$71K$679K 990 PDF
FY2024 $163K$92K$70K$750K 990 PDF
FY2023 $147K$182K−$36K$680K 990 PDF
FY2022 $158K$132K$26K$715K 990 PDF
FY2021 $151K$134K$16K$689K 990 PDF
FY2020 $157K$138K$18K$672K 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 $17,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,325$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,467$17,184
I-11 Other revenue$0
I-12 Total revenuePrior year $162,792$17,184
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$62,200
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $92,457$25,836
I-18 Total expensesPrior year $92,457$88,036
I-19 Revenue less expensesPrior year $70,335−$70,852
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $17,184 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $17,184$17,184
VIII-12 Total revenueExcluded from tax $17,184$17,184
Part IX · Statement of functional expenses $88,036 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,540 · Management $18,660$62,200
IX-11b Legal feesManagement $11,188$11,188
IX-11c Accounting feesManagement $9,500$9,500
IX-13 Office expensesManagement $523$523
IX-19 Conferences, conventions and meetingsPrograms $4,625$4,625
IX-25 Total functional expensesPrograms $48,165 · Management $39,871 · Fundraising $0$88,036
Part X · Balance sheet $679,016 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $331,588$88,552
X-2 Savings and temporary cash investmentsStart of year $418,280$590,464
X-16 Total assetsStart of year $749,868$679,016
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $749,868$679,016
X-32 Total net assets or fund balancesStart of year $749,868$679,016
X-33 Total liabilities and net assetsStart of year $749,868$679,016
Part XI · Reconciliation of net assets $679,016 net assets at year end
XI-1 Total revenue$17,184
XI-2 Total expenses$88,036
XI-3 Revenue less expenses−$70,852
XI-4 Net assets at start of year$749,868
XI-10 Net assets at end of year$679,016

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

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