Merchant Risk Council Inc
- Assets
- $6.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Seattle, WA
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 13-4142147
Organization Overview
Merchant Risk Council Inc, operating under the name Mrc, is located in Seattle, WA. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Mrc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mrc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Mrc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION FOCUSED ON MAKING ELECTRONIC COMMERCE MORE SAFE, EFFICIENT, AND PROFITABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCHANT RISK COUNCIL (MRC) HOSTED THEIR ANNUAL E-COMMERCE PAYMENTS AND RISK CONFERENCE VIRTUALLY, DUE TO THE PANDEMIC. THIS CONFERENCE WELCOMED LEADERS AND PROFESSIONALS FROM AROUND THE WORLD; ALL COLLABORATING TO IMPROVE ELECTRONIC COMMERCE AND MAKE ONLINE TRANSACTIONS MORE EFFICIENT, SAFE, AND PROFITABLE. IN ADDITION, MRC PROVIDED NUMEROUS WEBINARS AND OTHER EDUCATIONAL OPPORTUNITIES FOR MEMBERS, INCLUDING NETWORKING EVENTS IN THE AMERICAS, EUROPE, AND APAC. IT COORDINATED INDUSTRY BENCHMARKING STUDIES IN ITS PRINCIPAL SUBJECT AREAS OF FRAUD, PAYMENTS, AND SECURITY, AS WELL AS SURVEYS ON HOT ISSUES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzan Snodgrass Global Director Of Finance & Ops. | Officer | 40 | $196,886 |
Markus Bergthaler Global Director Of Programs | 40 | $189,155 | |
Julie Fergerson Chief Executive Officer | Officer | 40 | $147,898 |
Jeanette Kieffer Director, Events And Membership | 40 | $125,285 | |
Jared Csar Membership Manager | 40 | $120,123 | |
Michael Splichal Us Program Manager | 40 | $115,958 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cvent Inc Meeting Registration Saas And Hosting | 6/29/21 | $121,888 |
Sound Planning Meeting And Events Event Planning | 6/29/21 | $191,850 |
Belweather Corporation Event Production And Coordination | 6/29/21 | $152,180 |
Intrado Digital Media Llc Virtual Meeting Webcasting | 6/29/21 | $105,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,888,726 |
| Investment income | $837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,889,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $526,623 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,764 |
| Pension plan accruals and contributions | $47,616 |
| Other employee benefits | $147,759 |
| Payroll taxes | $173,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,202 |
| Fees for services: Accounting | $105,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $587,603 |
| Advertising and promotion | $95,251 |
| Office expenses | $73,447 |
| Information technology | $299,772 |
| Royalties | $0 |
| Occupancy | $83,171 |
| Travel | $4,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,721 |
| Insurance | $16,759 |
| All other expenses | $3,532 |
| Total functional expenses | $3,959,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,950 |
| Savings and temporary cash investments | $4,611,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $585,570 |
| Net Land, buildings, and equipment | $32,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,124 |
| Total assets | $6,892,922 |
| Accounts payable and accrued expenses | $475,183 |
| Grants payable | $0 |
| Deferred revenue | $2,300,091 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $573,055 |
| Other liabilities | $0 |
| Total liabilities | $3,348,329 |
| Net assets without donor restrictions | $3,544,593 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,892,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |