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
What are the reviews and ratings of this charity?
The National Automated Clearing House Association is not currently rated by Charity Navigator. This lack of rating is due to the absence of certain beacon scores required for evaluation. The organization isn't evaluated under several methodologies like Leadership & Adaptability or Impact & Measurement mainly because it's not classified as a 501(c)(3) nonprofit. Such status affects its eligibility for tax-deductible contributions and traditional evaluations.
Although it functions independently, specific data like total revenue, expenses, and key person salaries are not provided. This absence of financial data doesn't render a negative or positive judgment but poses a limitation in thoroughly assessing its accountability and financial transparency.
No user reviews are available on GreatNonprofits for the National Automated Clearing House Association, indicating less publicized community feedback or user engagement on this platform. Without these insights, gauging personal experiences with the organization remains challenging.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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):
- Compensation: $892,795
- Related: $0
- Other: $37,805
- Compensation: $368,190
- Related: $0
- Other: $35,204
- Compensation: $341,470
- Related: $0
- Other: $48,128
- Compensation: $298,653
- Related: $0
- Other: $47,395
- Compensation: $275,027
- Related: $0
- Other: $38,206
- Compensation: $274,440
- Related: $0
- Other: $30,642
- Compensation: $248,611
- Related: $0
- Other: $29,257
- Compensation: $237,443
- Related: $0
- Other: $36,186
- Compensation: $235,506
- Related: $0
- Other: $28,673
- Compensation: $229,425
- Related: $0
- Other: $30,834
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
Official website here: www.nacha.org
Where can I find the form 990 for National Automated Clearing House Association?
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.
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Impact
October, 2024
The National Automated Clearing House Association (NACHA) significantly impacts the U.S. payments landscape through its governance of the ACH Network, which facilitates direct deposits and direct payments across all U.S. financial institution accounts. By setting and enforcing the NACHA Operating Rules, the organization defines the responsibilities of over 9,000 participating financial entities, promoting a reliable and efficient payment system.
NACHA plays a crucial role in risk management and the development of electronic payment solutions, ensuring that the ACH Network operates smoothly and securely. Its commitment to advancing innovation and interoperability in payment systems means that NACHA continuously develops new rules and standards that enhance the efficiency of transactions.
Additionally, NACHA provides vital educational resources, accreditation programs, and advisory services to its members. These initiatives empower financial institutions and other stakeholders within the industry to navigate the complexities of payments, adopt best practices, and stay informed about the latest trends and technological advancements.
Overall, NACHA's influence extends beyond mere transaction processing; it fosters a cooperative environment that drives community improvement and strengthens the financial infrastructure of the nation.
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.
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.
- Investment Income: $20,544
- Program Service Revenue: $22,629,019
- Gross Receipts: $25,316,884
Assets and Liabilities:
- Total Assets: $27,315,213
- Total Liabilities: $10,531,719
- Net Assets: $16,783,494
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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) 561-3933Principal Officer
Jane E Larimer
Main Address
2550 WASSER TERRACE 400, HERNDON, VA, 20171
Website
www.nacha.orgNTEE Category
Code: S41 - Community improvement
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