Overview
What is Upper Midwest Automated Clearing House Association Inc?
Upper Midwest Automated Clearing House Association Inc, based in Brooklyn Park, Minnesota, is a nonprofit organization dedicated to providing educational resources on electronic payments, specifically focusing on the ACH network. They conduct workshops, webinars, symposiums, and conferences, with face-to-face sessions primarily in the Upper Midwest and virtual learning opportunities accessible to anyone interested in the topic. The organization's mission is to clarify complex rules and regulations by understanding the needs of its members and clients, providing tailored learning opportunities and consultative packages. In 2022, they participated in 154 conferences, seminars, and webinars, demonstrating their commitment to staying informed and sharing knowledge in the field.
Official website here: www.umacha.org
Is Upper Midwest Automated Clearing House Association Inc legitimate?
Upper Midwest Automated Clearing House Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Upper Midwest Automated Clearing House Association 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: $247,844
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,027,703
For more financial information, click here
Official website here: www.umacha.org
What is the mission statement of Upper Midwest Automated Clearing House Association Inc?
The Upper Midwest Automated Clearing House Association Inc's mission is centered around clarifying intricate rules and regulations. They achieve this by diligently understanding the needs of their members and clients, and subsequently offering educative opportunities and consultative packages tailored to meet these needs. The organization conducts various educational events, such as workshops, webinars, symposiums, and conferences, focusing on electronic payments, particularly within the ACH network. Their face-to-face sessions are primarily held in the Upper Midwest, while their virtual learning opportunities are accessible to anyone interested in the topic. In 2022, they participated in 154 conferences, seminars, and webinars.
Official website here: www.umacha.org
Who is the CEO of Upper Midwest Automated Clearing House Association Inc?
Angi Farren is the Board Chair of Upper Midwest Automated Clearing House Association Inc. The CEO's salary of Upper Midwest Automated Clearing House Association Inc is $201,732 and their total compensation is $247,844.
Official website here: www.umacha.org
What is the revenue of Upper Midwest Automated Clearing House Association Inc?
Upper Midwest Automated Clearing House Association Inc's revenue in 2022 was $2,344,181.
Official website here: www.umacha.org
Who are the executives of Upper Midwest Automated Clearing House Association Inc and what are their salaries?
The average compensation at Upper Midwest Automated Clearing House Association Inc during 2022 was $85,036. There are 15 employees and 28 volunteers at Upper Midwest Automated Clearing House Association Inc.
Here are 18 key members and their salaries (Upper Midwest Automated Clearing House Association Inc's CEO's salary is $201,732 and their total compensation is $247,844):
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- Other: $18,316
- Compensation: $103,961
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- Other: $26,656
Official website here: www.umacha.org
Where can I find the form 990 for Upper Midwest Automated Clearing House Association Inc?
Upper Midwest Automated Clearing House Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umacha.org
Learn more at the official website: www.umacha.org
Mission Statement of Upper Midwest Automated Clearing House Association Inc
The Upper Midwest Automated Clearing House Association Inc is committed to bringing clarity to complex rules and regulations in the field of electronic payments, particularly those related to the ACH network. Their mission is to identify the needs of their members and clients and offer tailored learning opportunities and consultative packages to address these needs effectively. They achieve this objective through conducting educational workshops, webinars, symposiums, and conferences, catering primarily to their local members in the Upper Midwest region. However, their virtual learning opportunities are accessible to anyone interested in the topic, extending their reach beyond their geographical boundaries. The organization participated in 154 conferences, seminars, and webinars during 2022, demonstrating their dedication to educating and providing compliant solutions to their members and the wider industry stakeholders.
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Impact
October, 2024
Upper Midwest Automated Clearing House Association Inc (UMACHA) plays a vital role in enhancing the understanding and implementation of electronic payments, particularly within the ACH network. By offering a range of educational workshops, webinars, symposiums, and conferences, UMACHA ensures that members and industry stakeholders are well-informed about the often complex rules and regulations governing electronic transactions.
In 2022 alone, UMACHA participated in 154 events, underscoring its commitment to facilitating knowledge sharing and professional development in the payments sector. These events primarily serve the Upper Midwest but also extend to online participants, thereby broadening the reach and impact of their educational initiatives.
By closely engaging with the needs of its members and clients, UMACHA provides tailored learning opportunities and consultative packages that help individuals and organizations navigate the evolving landscape of electronic payments. This dedication to education not only improves individual competency but also enhances the overall integrity and efficiency of payment systems in the region, contributing to community improvement and economic stability.
This information is meant to be a general summary of Upper Midwest Automated Clearing House Association 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: $4,978
- Program Service Revenue: $2,329,537
- Gross Receipts: $2,344,181
Assets and Liabilities:
- Total Assets: $1,795,616
- Total Liabilities: $206,701
- Net Assets: $1,588,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,147,792
COMPLIANCE SERVICES
Revenue
$585,398
SEMINARS, EDUCATION &
Revenue
$482,999
GUIDES, PUBLICATIONS &
Revenue
$113,348
Organization Details
Founding Year
1974
Phone
(763) 549-7000Principal Officer
Angi Farren
Main Address
7100 NORTHLAND CIRCLE 402, BROOKLYN PARK, MN, 55428
Website
www.umacha.orgNTEE Category
Code: S40 - Community improvement
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