Overview
What is Money Transmitter Regulators Assoc?
The Money Transmitter Regulators Association (MTRA) is a nonprofit organization situated in Harrisburg, Pennsylvania. Its primary mission is to improve the regulation of the money transmission industry in the United States, ensuring it operates effectively and efficiently. The association promotes uniform examination standards, reports, forms, and ratings, aiming to create a less burdensome and universally respected regulatory system. MTRA offers quality educational opportunities and certification through a structured curriculum, collecting and disseminating reliable industry-specific data, common analytical standards, and best practices. The organization serves as a national authority and resource on money transmission issues, collaborating with state and federal authorities to combat illegal activities such as terrorist financing.
Official website here: www.mtraweb.org
Is Money Transmitter Regulators Assoc legitimate?
Money Transmitter Regulators Assoc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Money Transmitter Regulators Assoc 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.
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Official website here: www.mtraweb.org
What is the mission statement of Money Transmitter Regulators Assoc?
The Money Transmitter Regulators Association (MTRA) is committed to ensuring the effective and efficient regulation of the money transmission industry in the United States. It accomplishes this by establishing uniform examination standards, reports, forms, and ratings that provide value to both its members and the industry. MTRA strives to create a more efficient and less burdensome state regulatory system that has universal respect and credibility. The association provides quality educational opportunities and certification for participants through a well-defined curriculum. Additionally, MTRA collects and disseminates reliable industry-specific data, common analytical standards, and best practices. Serving as a national authority and resource on money transmission issues, MTRA partners with state and federal authorities to further efforts in the detection and elimination of illegal activities, including terrorist financing.
Official website here: www.mtraweb.org
Who is the CEO of Money Transmitter Regulators Assoc?
Ingrid White is the President of Money Transmitter Regulators Assoc.
Official website here: www.mtraweb.org
What is the revenue of Money Transmitter Regulators Assoc?
Money Transmitter Regulators Assoc's revenue in 2022 was $360,741.
Official website here: www.mtraweb.org
Who are the executives of Money Transmitter Regulators Assoc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.mtraweb.org
Where can I find the form 990 for Money Transmitter Regulators Assoc?
Money Transmitter Regulators Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtraweb.org
Learn more at the official website: www.mtraweb.org
Mission Statement of Money Transmitter Regulators Assoc
The Money Transmitter Regulators Association (MTRA) is committed to overseeing the regulation of the money transmission industry in the United States effectively and efficiently. Their mission involves advocating for uniform examination standards, reports, forms, and ratings that add value to both their members and the industry. By promoting a more streamlined and respected regulatory system, MTRA aims to reduce the burden on states while maintaining credibility.
Additionally, the organization offers quality educational opportunities and certification programs through a well-structured curriculum. This helps participants to enhance their knowledge and skills within the money transmission sector. MTRA also collects and disseminates industry-specific data, common analytical standards, and best practices. By serving as a national authority and resource on money transmission issues, the association provides valuable insights to stakeholders and partners with state and federal authorities to combat illegal activities, such as terrorist financing.
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Impact
October, 2024
The Money Transmitter Regulators Association (MTRA) significantly influences the regulation of the money transmission industry in the United States. By advocating for uniform examination standards, reports, forms, and ratings, MTRA enhances the regulatory framework, ensuring that it is both effective and efficient. This promotes a system that is not only credible but also commands respect across various states, reducing the regulatory burden on industry participants.
MTRA is instrumental in providing quality educational opportunities and certification for industry participants through a well-defined curriculum. This equips professionals with the necessary skills and knowledge to navigate regulatory challenges and uphold industry standards.
Additionally, by collecting and disseminating reliable data and best practices, MTRA fosters transparency and consistency within the sector. Its role as a national authority on money transmission issues positions it as a key resource for regulators and industry stakeholders alike.
Moreover, MTRA collaborates with state and federal authorities to combat illegal activities, including terrorist financing, thereby enhancing the integrity of the money transmission industry and contributing to broader community safety and improvement initiatives. Through these multifaceted efforts, MTRA plays a vital role in shaping a more secure, reputable, and efficient financial environment.
This information is meant to be a general summary of Money Transmitter Regulators Assoc. 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: $900
- Program Service Revenue: $359,841
- Gross Receipts: $360,741
Assets and Liabilities:
- Total Assets: $300,653
- Total Liabilities: $4,800
- Net Assets: $295,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE FEES
Revenue
$278,791
EXAM SCHOOL REGISTRATIONS
Revenue
$42,800
MEMBERSHIP DUES
Revenue
$38,250
Organization Details
Founding Year
1989
Phone
(717) 545-9991Principal Officer
Ingrid White
Main Address
587 JAMES DRIVE, HARRISBURG, PA, 17112
Website
www.mtraweb.orgNTEE Category
Code: S41 - Community improvement
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