Overview
What is National Automated Clearing House Association?
The National Automated Clearing House Association (NACHA) is a membership organization based in Herndon, Virginia. They serve as the governing body for the ACH Network, a payment system responsible for direct deposits and direct payments, with the capacity to reach all US financial institution accounts. NACHA's mission involves advancing innovation and interoperability in the payments system, developing rules and standards, and providing industry solutions. As the administrator of the ACH Network, NACHA offers risk management, rules enforcement, network advocacy, and the development of electronic solutions. With a team of 77 employees, NACHA provides payments education, accreditation, membership programs, and advisory services.
Official website here: www.nacha.org
Is National Automated Clearing House Association legitimate?
National Automated Clearing House Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Automated Clearing House Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,248,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,434,670
For more financial information, click here
Official website here: www.nacha.org
What is the mission statement of National Automated Clearing House Association?
The National Automated Clearing House Association (NACHA) oversees the ACH network, a payment system facilitating direct deposits and payments with the reach to connect to all U.S. bank and credit union accounts. NACHA pushes for innovation and interoperability within the payments sector by creating rules, standards, and providing industry solutions. Additionally, the organization offers educational resources, accreditation, membership programs, and consultative services. NACHA plays a vital role in governing the ACH network and promoting advancements in the payments system.
Official website here: www.nacha.org
Who is the CEO of National Automated Clearing House Association?
Jane E Larimer is the Ceo And President of National Automated Clearing House Association. The CEO's salary of National Automated Clearing House Association is $892,795 and their total compensation is $930,600.
Official website here: www.nacha.org
What is the revenue of National Automated Clearing House Association?
National Automated Clearing House Association's revenue in 2022 was $24,954,115.
Official website here: www.nacha.org
Who are the executives of National Automated Clearing House Association and what are their salaries?
The average compensation at National Automated Clearing House Association during 2022 was $151,723. There are 77 employees and 100 volunteers at National Automated Clearing House Association.
Here are 28 key members and their salaries (National Automated Clearing House Association's CEO's salary is $892,795 and their total compensation is $930,600):
- Jane Larimer (Ceo And President)
- Scott Lang (Chief Of Staff)
- Michael Herd (Vice President, Ach Network Administration)
- Nick Hamade (Chief Technology Officer)
- George Throckmortom (Managing Director, Stratic Initiatives & Network D)
- Jeanette Blanco (General Counsel)
- William Sullivan (Sen. Dir & Group Mgr. Gov. & Insutry Relations)
- Victoria Day (Chief Communications Officer)
- Stephanie Prebish (Managing Director, Association Services)
- Roxanne Orticke (Chief Financial Officer)
- Joe Hussey (Chairperson) [Trustee/Director]
- Laura Listwan (Vice Chairperson) [Trustee/Director]
- John Lucas (Secretary/Treasurer) [Trustee/Director]
- Marlene Barkheimer (Director)
- Sarah Billings (Director)
- Lisa Coffey (Director)
- Elizabeth Cronenworth (Director)
- Nicholas Drinkwine (Director)
- Christopher Richards (Director)
- Vikram Israni (Director)
- Tina Knapp (Director)
- Stephen Max (Director)
- Arthur Mccray (Director)
- Tim Mills (Director)
- Phil Picillo (Director)
- William Schoch (Director)
- Carl Slabicki (Director)
- Michelle Ziolkowski (Director)
Official website here: www.nacha.org
Where can I find the form 990 for National Automated Clearing House Association?
The National Automated Clearing House Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nacha.org
Learn more at the official website: www.nacha.org
Mission Statement of National Automated Clearing House Association
The National Automated Clearing House Association (NACHA) plays a pivotal role in overseeing the ACH network, a payment system that facilitates direct deposits and direct payments, reaching all US financial institution accounts. NACHA promotes innovation and interoperability within the payments industry by creating rules, standards, and offering industry solutions.
As a membership organization, NACHA offers educational resources, accreditation, and advisory services to its members. In essence, NACHA is instrumental in governing the ACH network, ensuring it is the driving force behind the majority of electronic financial transactions in the United States. By setting the rules and standards for this network, NACHA enables seamless and secure financial transactions between various financial institutions. Moreover, through its educational offerings, NACHA empowers its members to stay informed and up-to-date on the latest trends and best practices in the payments industry.
Impact
This information is meant to be a general summary of National Automated Clearing House Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The National Automated Clearing House Association's impact is significant in governing the ACH network, which is the payment system driving direct deposits and direct payments to all U.S. financial institution accounts. By developing and administering the NACHA operating rules for ACH payments, which involve over 9,000 participating financial institutions, NACHA plays a crucial role in defining roles, managing risk, enforcing rules, advocating for the network, and developing electronic solutions. This organization's efforts contribute to fostering innovation, interoperability, and efficiency within the payments system, ultimately benefiting the wider community by facilitating secure and seamless financial transactions.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACH ADMINISTRATIVE FEE
Revenue
$13,669,376
CONFERENCES
Revenue
$3,551,520
MEMBERSHIP DUES
Revenue
$3,242,197
ACCREDITATION PROGRAMS
Revenue
$892,660
OTHER REVENUE
Revenue
$535,787
Organization Details
Founding Year
1974
Phone
(703) 561-3933
Principal Officer
Jane E Larimer
Main Address
2550 WASSER TERRACE 400, HERNDON, VA, 20171
Website
www.nacha.org
NTEE Category
Code: S41 - Community improvement
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