Overview
What is Accredited Standards Committee X-9 Financial Industry Standards Inc?
Accredited Standards Committee X-9 Financial Industry Standards Inc is a nonprofit organization headquartered in Annapolis, Maryland. Their primary mission is to develop, revise, and update standards for the financial services industry. By doing so, they aim to ensure that financial transactions are conducted efficiently, safely, and securely. With a team of four dedicated individuals, they contribute significantly to maintaining trust and reliability in the financial sector.
Official website here: www.x9.org
Is Accredited Standards Committee X-9 Financial Industry Standards Inc legitimate?
Accredited Standards Committee X-9 Financial Industry Standards Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Accredited Standards Committee X-9 Financial Industry Standards Inc 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: $240,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,985
For more financial information, click here
Official website here: www.x9.org
What is the mission statement of Accredited Standards Committee X-9 Financial Industry Standards Inc?
The Accredited Standards Committee X-9 Financial Industry Standards Inc is committed to developing standards that ensure financial transactions are efficient, secure, and safe. This organization plays a crucial role in revising and updating standards within the financial services sector. By establishing these standards, they aim to enhance the overall safety and efficiency of financial transactions, thereby fostering a secure and reliable financial environment.
Official website here: www.x9.org
Who is the CEO of Accredited Standards Committee X-9 Financial Industry Standards Inc?
Harden E Stevens is the Executive Director of Accredited Standards Committee X-9 Financial Industry Standards Inc.
Official website here: www.x9.org
What is the revenue of Accredited Standards Committee X-9 Financial Industry Standards Inc?
Accredited Standards Committee X-9 Financial Industry Standards Inc's revenue in 2022 was $743,013.
Official website here: www.x9.org
Who are the executives of Accredited Standards Committee X-9 Financial Industry Standards Inc and what are their salaries?
The average compensation at Accredited Standards Committee X-9 Financial Industry Standards Inc during 2022 was $110,444. There are 4 employees and 350 volunteers at Accredited Standards Committee X-9 Financial Industry Standards Inc.
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Official website here: www.x9.org
Where can I find the form 990 for Accredited Standards Committee X-9 Financial Industry Standards Inc?
Accredited Standards Committee X-9 Financial Industry Standards Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.x9.org
Learn more at the official website: www.x9.org
Mission Statement of Accredited Standards Committee X-9 Financial Industry Standards Inc
Accredited Standards Committee X-9 Financial Industry Standards Inc, often abbreviated as ACCREDITED STANDARDS COMMITTEE X-9, is a dedicated organization that plays a crucial role in the financial services industry. Their primary mission is to ensure that financial transactions are conducted efficiently, safely, and securely. They achieve this by developing, revising, and updating standards that cater to the requirements of the financial sector. By implementing these standards, they aim to foster a secure and reliable environment for financial transactions, thereby promoting confidence in the financial system. The work of ACCREDITED STANDARDS COMMITTEE X-9 is instrumental in maintaining the integrity and efficiency of financial transactions, thereby benefiting both businesses and individuals alike.
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Impact
October, 2024
Accredited Standards Committee X-9 Financial Industry Standards Inc plays a pivotal role in shaping the operational framework of the financial services industry. By developing, revising, and updating standards, the committee ensures that financial transactions are efficient, safe, and secure. These standards facilitate interoperability among financial institutions, streamline processes, and enhance the overall integrity of the financial system.
The impact of these standards extends beyond individual organizations; they foster trust among consumers and businesses alike, encouraging participation in the financial ecosystem. In an era where cybersecurity and efficiency are paramount, X-9's work is crucial in mitigating risks associated with financial transactions and instilling confidence in electronic payments. By setting a benchmark for quality and security, X-9 positively influences the industry’s growth and adaptation to new technologies, ultimately contributing to community improvement and economic stability.
This information is meant to be a general summary of Accredited Standards Committee X-9 Financial Industry Standards Inc. 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: $18,622
- Program Service Revenue: $666,877
- Gross Receipts: $743,013
Assets and Liabilities:
- Total Assets: $1,087,379
- Total Liabilities: $258,591
- Net Assets: $828,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$666,877
Organization Details
Founding Year
1974
Phone
(410) 267-7707Principal Officer
Harden E Stevens
Main Address
275 WEST STREET STE 107, ANNAPOLIS, MD, 21401
Website
www.x9.orgNTEE Category
Code: S41 - Community improvement
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