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← ELECTRONIC PAYMENTS COALITION INC

Form 990 for tax year 2023

Filed by ELECTRONIC PAYMENTS COALITION INC.

Totals

Total revenue
$55,581,993
Total expenses
$45,331,355
Contributions and grants received
$0
Grants paid
$412,750
Program service revenue
$55,581,993
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,701,161
Total liabilities, end of year
$17,637,383
Net assets or fund balances, end of year
$14,063,778
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $55,581,993 · related or exempt $55,581,993

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $412,750

  • 5 · Compensation of officers, directors and key employees

    total $763,200

  • 7 · Other salaries and wages

    total $133,814

  • 8 · Pension plan contributions

    total $4,864

  • 9 · Other employee benefits

    total $2,967

  • 10 · Payroll taxes

    total $31,862

  • 11a · Fees: management

    total $614,807

  • 11b · Fees: legal

    total $160,708

  • 11c · Fees: accounting

    total $5,800

  • 11d · Fees: lobbying

    total $1,675,021

  • 11g · Fees: other

    total $41,460,678

  • 14 · Information technology

    total $955

  • 17 · Travel

    total $9,402

  • 23 · Insurance

    total $4,527

  • 24a · Other expenses: POLITICAL CONTRIBUTIONS

    total $50,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,813,140 · end of year $5,710,680

  • 2 · Savings and temporary cash investments

    end of year $21,988,833

  • 4 · Accounts receivable

    end of year $4,001,648

  • 17 · Accounts payable and accrued expenses

    end of year $4,801,345

  • 19 · Deferred revenue

    end of year $12,836,038

  • 27 · Net assets without donor restrictions

    beginning of year $3,813,140 · end of year $14,063,778

Mission and programs · 2023

Mission

THE ELECTRONIC PAYMENTS COALITION (EPC) PROTECTS AND PROMOTES THE VALUE OF OUR SAFE, SECURE PAYMENT NETWORKS: PROTECT CONSUMERS: THE EPC AIMS TO PROTECT CONSUMERS FROM FRAUD AND DATA BREACHES.EDUCATE: THE EPC EDUCATES CONSUMERS, POLICYMAKERS, AND THE MEDIA ON THE ROLE OF ELECTRONIC PAYMENTS IN ECONOMIC GROWTH.SUPPORT INNOVATION: THE EPC SUPPORTS INNOVATION AND COMPETITION IN THE ELECTRONIC PAYMENTS SYSTEM.PROTECT CONSUMER CHOICE: THE EPC AIMS TO PROTECT CONSUMER CHOICE AND STABILITY.

Activities or mission (Part I)

THE ELECTRONIC PAYMENTS COALITION (EPC) PROTECTS AND PROMOTES THE VALUE OF OUR SAFE, SECURE PAYMENT NETWORKS

  • WORKED WITH CONSUMERS AND SMALL BUSINESSES TO EDUCATE POLICYMAKERS, REGULATORS AND THE MEDIA ABOUT THE SAFETY, SECURITY AND ECONOMIC BENEFITS OF CREDIT CARD PAYMENTS AS WELL AS THE POTENTIAL HARM RESULTING FROM IMPOSING UNTESTED MANDATES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Hunt

    EXECUTIVE CHAIRMAN (INCOMING 2023)

    Total calculated
    $763,200
    From this org
    $750,000
    From related orgs
    $0
    Other
    $13,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $750,000
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $0
    Filer's total
    $763,200

  • Nicklaus Simpson

    SENIOR POLICY ADVISER (INCOMING 2023)

    Total calculated
    $127,932
    From this org
    $121,456
    From related orgs
    $0
    Other
    $6,476
    Hours/week
    40

  • Aaron Stetter

    EXEC. DIR. (INCOMING/OUTGOING 2023)

    Total calculated
    $0
    Hours/week
    40

  • Jeff Tassey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • Tucker Foote

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Pace Bradshaw

    TREASURER (INCOMING 2023)

    Total calculated
    $0
    Hours/week
    2

  • Robert Thomson

    TREASURER (OUTGOING 2023)

    Total calculated
    $0
    Hours/week
    2

  • Kevin MacMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jason Stverak

    DIRECTOR (INCOMING 2023)

    Total calculated
    $0
    Hours/week
    2

  • Brad Thaler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349301553

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