The Payments Authority Inc
- Assets
- $0.0
- Revenue
- $22.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- Data as of
- 12/2016
- EIN
- 23-7390782
Organization Overview
The Payments Authority Inc is located in Troy, MI. Payments Authority Inc 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 12/2016, Payments Authority Inc generated $22.0 in total revenue. All expenses for the organization totaled $73.4k during the year ending 12/2016.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE USE AND AWARENESS OF ELECTRONIC PAYMENTS MADE THROUGH THE AUTOMATED CLEARING HOUSE (ACH) AND TO BE AN INFORMATIONAL RESOURCE FOR ACH AND OTHER PAYMENTS SUCH AS CHECK, WIRE TRANSFER, ATM AND DEBIT CARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION SERVICES CONSIST OF INCREASING AWARENESS AND USE OF ELECTRONIC COMMERCE THROUGH EDUCATION, OPERATIONAL SUPPORT AND MARKETING TO ITS MEMBERS AND STAKEHOLDERS. PUBLICATIONS AND SEMINARS ARE USED TO PROMOTE AND UPDATE MEMBERS ON THE ELECTRONIC PAYMENT SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Cosenza Board Member | Trustee | 2 | $0 |
Martha Peters Board Member | Trustee | 2 | $0 |
Tiffany Ford Board Member | Trustee | 2 | $0 |
Patty Campbell Board Member | Trustee | 2 | $0 |
Ron Kerver Board Member | Trustee | 2 | $0 |
Scott Holzwarth Board Member | Trustee | 2 | $0 |
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 | $0 |
| Investment income | $22 |
| 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 | $22 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,206 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,356 |
| Royalties | $0 |
| Occupancy | $4,994 |
| Travel | $450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,281 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $73,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |