Form 990 for tax year 2023

Totals

Total revenue

$156,472

Total expenses

$156,472

Contributions and grants received

$156,472

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$176,225

Total liabilities, end of year

$176,225

Net assets or fund balances, end of year

$0

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.

Mission and programs · 2023

• ORGANIZATION-WIDE ACCOMPLISHMENTS - ADDED 16 NEW BOARD MEMBERS, EXPANDING REACH AND DIVERSIFIED BOARD - HELD 4 BOARD MEETINGS AND 9 EXECUTIVE COMMITTEE MEETINGS - WORKED WITH TWO INTERNS THROUGHOUT THE COURSE OF THE YEAR WHO PROVIDED VALUE ACROSS ALL AREAS OF THE ASSOCIATION. - FUNDRAISING FROM BOARD MEMBERS - GREW OUR FOUR PROGRAMS: RUN IT BY THE BUYERS, ASK AN ADVISOR, FINTECH ATLANTA AMBASSADORS, GENNEXT INSIGHTS, FINTECH FORWARD, AND FINTECH FOR GOOD. INITIATIVE ACCOMPLISHMENTS TALENT - SUPPORTED THE UGA FINTECH CLASS BY ASKING FINTECH COMPANIES TO SPONSOR EXPERIENTIAL LEARNING PROJECTS. AS A RESULT, UGA PARTNERED WITH MAJOR LOCAL BRANDS, INCLUDING BLACKROCK, FLEETCOR, FISERV, GARTNER, HEXURE, SYNOVUS, THE WEATHER CHANNEL, AND TRUIST, TO BRING THEIR OFFICES TO THE CLASSROOM. STUDENTS FINTECH ATLANTA 2023 IMPACT REPORT PARTICIPATED IN EXPERIENTIAL LEARNING PROJECTS, SOLVING THESE COMPANIES' REAL-WORLD BUSINESS CHALLENGES. - IN FALL 2023, WE ALSO KICKED OFF THE GENNEXT INSIGHTS PROGRAM, WHICH IS AN EVOLUTION OF THESE EXPERIENTIAL LEARNING PROJECTS ENABLING CORPORATE PARTNERS TO BRING AN UNDEVELOPED PORTFOLIO OF IDEAS TO STUDENT-LED CONSULTING GROUPS WITHIN COLLEGES AND UNIVERSITIES FOR DELIVERY. WE WERE FORTUNATE TO HAVE BLACKROCK RAISE ITS HAND TO WORK WITH UGA'S TERRY COLLEGE OF BUSINESS STUDENT CONSULTING GROUP. THE BEAUTY OF THIS PROGRAM IS THAT IT ADDS VALUE TO BOTH SIDES - REAL-WORLD EXPERIENCE FOR THE STUDENTS AND INNOVATIVE SOLUTIONS TO HELP DRIVE INVESTMENT DECISIONS FOR THE PARTICIPATING BUSINESSES. THE GENNEXT TEAM IS EXCITED TO ANNOUNCE OUR NEXT ENGAGEMENT WITH FULLSTEAM, WHO HAS PARTNERED WITH US TO DEVELOP AN INDUSTRY COMPETITIVE ASSESSMENT. - SUPPORTED GEORGIA FINTECH ACADEMY AND THEIR INITIATIVES. INNOVATE - WE HOSTED THREE OF OUR SIGNATURE RUN IT BY THE BUYER PROGRAMS IN 2023. THESE EVENTS BROUGHT TOGETHER LARGE GEORGIA-BASED CORPORATIONS WITH EARLY/GROWTH-STAGE FINTECH COMPANIES TO DISCUSS COMMERCIAL COLLABORATION, KEY INDUSTRY ISSUES, OPPORTUNITIES, AND CHALLENGES. - THESE ONE-OF-A-KIND GATHERINGS ARE DESIGNED TO SUSTAIN THE "ENTREPRENEURIAL VIRTUOUS CYCLE" WITH A FOCUS ON HELPING INNOVATORS ESTABLISH PRODUCT-MARKET FIT MORE EFFICIENTLY AND EFFECTIVELY WITH THE HELP OF LARGER CORPORATIONS, WHICH CEMENTS THEIR ROLE AS CUSTOMERS AND PARTNERS, AND THEREBY FOSTERS EVEN FURTHER INNOVATION. - FINTECH ATLANTA'S RUN IT BY THE BUYERS SERIES HAS A SIGNIFICANT IMPACT ON OUR ECOSYSTEM, AND WE LOOK FORWARD TO CONTINUING OUR PROGRAM THROUGHOUT 2024 TO BUILD ON LAST YEAR'S SUCCESS. - IN 2023, OUR RUN IT BY THE BUYERS EVENTS SET RECORD-BREAKING ATTENDANCE NUMBERS AND ENGAGEMENT. WE PACKED THE ROOMS AT UPS, ATLANTA TECH VILLAGE, AND THE TECH SQUARE CLUBHOUSE, CONNECTING AUDIENCES OF NEARLY 200 ATTENDEES PER EVENT, 16 EARLIER-STAGE COMPANIES, 8 PAST-PRESENTER UPDATERS, AND 27 UNIQUE BUYERS REPRESENTING BLACKROCK, COMCAST, COX, DELUXE, EQUIFAX, FIRST CENTURY BANK, FIS, FLEETCOR, GEORGIA BANKING COMPANY, GLOBAL PAYMENTS, THE HOME DEPOT, INCOMM, INCOMM GO STUDIO, NCR, REGIONS BANK, SYNOVUS/MAAST, TRUIST, TSYS, UPS CAPITAL, VISA AND WELLS FARGO. AS A RESULT, MORE THAN 20 FOLLOW-UP MEETINGS HAVE TAKEN PLACE AND PILOT PROGRAMS SIGNED. - MORE THAN $2 BILLION HAS BEEN RAISED BY THE 77 PAST-PRESENTING COMPANIES FOLLOWING THEIR INITIAL PRESENTATIONS AT OUR RUN IT BY THE BUYERS EVENTS. - IN 2023, WE ALSO GENERATED MOMENTUM FOR ONE OF OUR NEWEST PROGRAMS, ASK AN ADVISOR, OR A. THIS PROGRAM LEVERAGES THE INSIGHTS, ADVICE, AND NETWORKS OF FINTECH'S MOST-EXPERIENCED AND SUCCESSFUL EXECUTIVES AND EXPERTS TO HELP STARTUPS AND EARLY-STAGE COMPANIES DRIVE FORWARD FASTER. - WE WANTED TO BE ABLE TO HELP STARTUPS/EARLY-STAGE LEADERS WITH A DEFINED SET OF CHALLENGES OR QUESTIONS BY CONNECTING THEM WITH OUR NETWORK OF SENIOR FINTECH EXECUTIVES IN A FRICTION- FREE AND FLEXIBLE WAY - A SIX MONTH COMMITMENT, TWO-TO-THREE HOURS PER MONTH, WITH NO STRINGS ATTACHED - FREE TO EXTEND OR EXPAND THE RELATIONSHIP IN ANY CAPACITY. - WE'RE PROUD TO HAVE SEVERAL ENGAGEMENTS IN PROGRESS, INCLUDING SCOTT GRIMES, RETIRED EXECUTIVE CHAIRMAN & CO-FOUNDER AT CARDLYTICS WORKING WITH GABRIEL MONEY AND STEVE NIGRI, CO-FOUNDER OF NXTMOVES WORKING WITH EBANKIT. WE LOOK FORWARD TO GROWING THIS PROGRAM IN 2024 AND ENCOURAGE BOTH ADVISOR AND ADVISEE COMPANIES TO APPLY ON OUR WEBSITE. TELLING ATLANTA'S FINTECH STORY - WE TOOK OUR MOBILE, TRANSACTION ALLEY STUDIO ON THE ROAD AND CONVENED OUR COMMUNITY AT THREE GLOBAL EVENTS: MONEY 20/20 EUROPE, ETA TRANSACT, AND MOST IMPORTANTLY, ATLANTA'S OWN FINTECH SOUTH, PRODUCED BY THE TECHNOLOGY ASSOCIATION OF GEORGIA (TAG). WE CAPTURED AND EDITED CONTENT IN REAL TIME TO SHARE VIA SOCIAL MEDIA AND CREATED ADDITIONAL EXPOSURE AND CREDIBILITY FOR OUR REGION. THIS ALLOWED US TO GROW OUR LINKEDIN FOLLOWERS BY 115% IN 2023. - WE ALSO TOOK ADVANTAGE OF THE VIBRANT FINTECH ECOSYSTEM IN OUR OWN BACKYARD BY PARTNERING WITH THE TAG FINTECH SOCIETY ON A JOINT EVENT AT BLACKROCK'S INNOVATION HUB TO HEAR FROM LEADERS INCLUDING VISA, DATASEERS, KINLY, TECHAF, AND THE GEORGIA FINTECH ACADEMY ABOUT HOW TO PLUG INTO OUR THRIVING FINTECH ECOSYSTEM. WE'RE PROUD OF THE COLLABORATIVE RELATIONSHIPS WE HAVE WITH ECOSYSTEM PARTNERS, AND THIS EVENT EXEMPLIFIES HOW WE'RE WORKING TOWARD THE SAME GOAL. - WE ALSO PARTICIPATED IN LOCAL EVENTS LIKE THE INDEPENDENT COMMUNITY BANKERS ASSOCIATION'S (ICBA) THICKTECH KICKOFF AND DEMO DAY, THE FEDERAL RESERVE BANK OF ATLANTA'S PAYMENT INCLUSION FORUM, THE ATL UNLOCKED TOUR OF THE ATLANTA BLOCKCHAIN CENTER, AND THE MPC DIGITAL COMMERCE EVENT. WE CONVENED KEY PLAYERS IN OUR ECOSYSTEM TO MODERATE PANELS AT EVENTS INCLUDING TAG'S GEORGIA TECHNOLOGY SUMMIT, ATLANTA DIGITAL WORLD SUMMIT, AND FINTECH SOUTH, AMONG OTHERS. - ADDITIONALLY, FINTECH ATLANTA AND OUR PARTNERS HOSTED FOREIGN TRADE AND POLITICAL DELEGATIONS FROM EIGHT KEY COUNTRIES AROUND THE GLOBE. WE USED THESE ENGAGEMENTS TO REINFORCE ATLANTA'S POSITION AS A GLOBAL CAPITAL FOR FINANCIAL TECHNOLOGY INNOVATION AND LEADERSHIP. THROUGH THESE RELATIONSHIPS, WE'RE ABLE TO PARTICIPATE IN INVALUABLE OPPORTUNITIES LIKE BEING FEATURED IN BERLIN'S U.S. INSIGHTS MAGAZINE. PUBLIC POLICY - ATLANTA IS BUILT FOR BUSINESS, AS IS ALL OF GEORGIA. THERE IS A REASON AREA DEVELOPMENT MAGAZINE RECOGNIZED GEORGIA AS THE #1 STATE FOR DOING BUSINESS EACH YEAR FOR THE PAST DECADE. AND FROM THE BEGINNING, OUR STATE, COUNTY, AND LOCAL GOVERNMENTS HAVE REMAINED STRONG SUPPORTERS OF THE FINTECH INDUSTRY. - FINTECH ATLANTA AND OUR MEMBER ORGANIZATIONS REGULARLY COLLABORATE WITH FOUNDING PARTNER, AMERICAN TRANSACTION PROCESSORS COALITION (ATPC), TO STAY CONNECTED WITH ELECTED OFFICIALS, EDUCATE THEM ON OUR INDUSTRY'S ECONOMIC IMPACT, AND ADVOCATE FOR POSITIVE INDUSTRY LEGISLATION. - ATPC'S ANNUAL "PAYMENTS 101" REMAINS A SOUGHT-AFTER SOURCE OF INFORMATION ON CURRENT TRENDS FOR AN INDUSTRY THAT SUPPORTS MORE THAN 42,000 JOBS IN GEORGIA. THIS EVENT PROVIDES A FORUM FOR ALL IN THE GEORGIA LEGISLATURE TO LEARN ABOUT TRANSACTION ALLEY AND THE CRITICAL INFRASTRUCTURE THAT REINFORCES GEORGIA'S POSITION AS THE #1 STATE IN THE U.S. TO DO BUSINESS. - HOSTED BY INDUSTRY LEADERS STAXX AND GEORGIA BANKING COMPANY, THE 2024 EDITION OF "PAYMENTS 101" WILL PROVIDE GEORGIA'S HOUSE BANKING COMMITTEE WITH A BETTER UNDERSTANDING OF THE PAYMENTS PROCESSING INDUSTRY AND ITS ROLE IN OUR TECHNOLOGY ECOSYSTEM. HOUSE BANKING COMMITTEE CHAIRMAN NOEL WILLIAMS, MAJORITY CAUCUS CHAIRMAN BRUCE WILLIAMSON, AND BANKER/LEGISLATOR REPRESENTATIVE CARTER BARRETT ARE AMONG THE MOST INTERESTED. - IN 2023, VISA ALSO HOSTED A TOWN HALL MEETING FEATURING UNIVERSITY SYSTEM OF GEORGIA CHANCELLOR SONNY PERDUE AND ATLANTA CITY COUNCIL PRESIDENT DOUG SHIPMAN. WORKING IN COORDINATION WITH ATPC'S POLICY TEAM AND ITS EXECUTIVE DIRECTOR, H. WEST RICHARDS, FINTECH ATLANTA MEMBERS PARTICIPATED IN A ROBUST DISCUSSION OF HOW GEORGIA'S UNIVERSITY SYSTEM CAN EQUIP GRADUATES FOR OUR MODERN WORKFORCE, ESPECIALLY THOSE INTERESTED IN FINTECH CAREERS. - FINTECH ATLANTA CONTINUES TO COLLABORATE WITH ATPC AND DEVELOP CHAMPIONS FOR FINTECH THROUGHOUT OUR STATE, INCLUDING STATE SENATE PRESIDENT PRO TEMPORE JOHN F. KENNEDY (R-MACON), HOUSE MAJORITY CAUCUS CHAIRMAN BRUCE WILLIAMSON (R-MONROE), AND STATE SENATOR SONYA HALPERN (D-ATLANTA).

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

Listed in Part VII

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

28 October 2024

IRS schema version

2023v5.1

Source object

202403119349301855

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.