Paymentsfirst Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581696397 ✦ Columbia, SC ✦ Designated as a 501(c)(6)

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Overview

What is Paymentsfirst Inc?

Paymentsfirst Inc, located at 810 Dutch Square Blvd 29210, Columbia, SC, is a dedicated nonprofit organization. Its primary mission is to serve as a reliable partner, supporting the secure use, advancement, and understanding of payment systems for various industry participants. The organization provides education to foster compliance, development, and comprehension of electronic payments within the payments network. With a workforce of 22 employees, Paymentsfirst Inc aims to promote the growth and understanding of electronic payment systems, contributing to the broader payments ecosystem.


Official website here: www.paymentsfirst.org

Is Paymentsfirst Inc legitimate?

Paymentsfirst Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Paymentsfirst 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: $686,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,399,696

For more financial information, click here


Official website here: www.paymentsfirst.org

What is the mission statement of Paymentsfirst Inc?

Paymentsfirst Inc's mission is centered around serving its members as a reliable partner, supporting the secure use, advancement, and understanding of payment systems. Their primary objective is to provide education, support, and risk and compliance services to promote the utilization, development, and comprehension of electronic payments. Through their educational offerings, Paymentsfirst aims to foster compliance, advancement, and understanding of electronic payments, benefiting various industry participants and the payments network.


Official website here: www.paymentsfirst.org

Who is the CEO of Paymentsfirst Inc?

Richard G Leary is the Principal Officer of Paymentsfirst Inc. The CEO's salary of Paymentsfirst Inc is $51,935 and their total compensation is $51,935.


Official website here: www.paymentsfirst.org

What is the revenue of Paymentsfirst Inc?

Paymentsfirst Inc's revenue in 2022 was $3,135,021.


Official website here: www.paymentsfirst.org

Who are the executives of Paymentsfirst Inc and what are their salaries?

The average compensation at Paymentsfirst Inc during 2022 was $94,805. There are 22 employees at Paymentsfirst Inc.


Here are 17 key members and their salaries (Paymentsfirst Inc's CEO's salary is $51,935 and their total compensation is $51,935):


David Peterson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Woods (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Brummett (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Cross (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Altman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Siegel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Ragland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivek Jha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toni Davisson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Herrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olivia Maciel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Leary (Ceo)
  • Compensation: $51,935
  • Related: $0
  • Other: $0
Gai Craig (Executive Vice President)
  • Compensation: $191,728
  • Related: $0
  • Other: $35,145
Allen Young (Vice President)
  • Compensation: $123,720
  • Related: $0
  • Other: $34,572
Chad Frank (Evp Risk & Compliance)
  • Compensation: $131,310
  • Related: $0
  • Other: $25,593
Donna Ashworth (Ex Ceo)
  • Compensation: $187,313
  • Related: $0
  • Other: $18,731


Official website here: www.paymentsfirst.org

Where can I find the form 990 for Paymentsfirst Inc?

Paymentsfirst Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.paymentsfirst.org

Learn more at the official website: www.paymentsfirst.org

Mission Statement of Paymentsfirst Inc

Paymentsfirst Inc, as a trusted partner, is dedicated to serving its members by providing education, support, and risk and compliance services. Their mission is to promote the secure use, advancement, and understanding of electronic payments. They achieve this by offering education support, aiming to foster compliance, advancement, and understanding of electronic payments among industry participants and the payments network. The organization's role is crucial in ensuring that the use of electronic payment systems is both safe and effective, thereby benefiting all parties involved in the payments network.

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Impact




October, 2024

Paymentsfirst Inc plays a significant role in fostering a secure and advanced ecosystem for electronic payments. By focusing on education and support, the organization empowers its members and industry participants to navigate the complexities of payment systems effectively. Through its commitment to risk and compliance services, Paymentsfirst enhances the understanding of electronic payments, which is crucial in a rapidly evolving financial landscape.

By providing resources that promote compliance, Paymentsfirst Inc aids in the professional growth of its members, ensuring they are equipped with the knowledge needed to adapt to new technologies and regulatory requirements. This proactive approach not only enhances individual organization capabilities but also contributes to the overall stability and security of the payments network. Ultimately, Paymentsfirst Inc serves as a trusted partner, driving community improvement through its mission to advance and secure electronic payment systems.




This information is meant to be a general summary of Paymentsfirst 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.

Revenue
$3,135,021 (2022)
Expenses
$2,841,698 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,470
  • Program Service Revenue: $1,585,740
  • Gross Receipts: $3,223,221

Assets and Liabilities:

  • Total Assets: $2,650,132
  • Total Liabilities: $552,783
  • Net Assets: $2,097,349

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RISK & COMPLIANCE

Revenue

$957,713

EDUCATION

Revenue

$569,652

LICENSE AUTOMATION TOO

Revenue

$48,875

CONSULTING

Revenue

$9,500

Organization Details

Founding Year

1973

Principal Officer

Richard G Leary

Main Address

810 DUTCH SQUARE BLVD 209, COLUMBIA, SC, 29210

NTEE Category

Code: S40 - Community improvement

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