2024-08-07T11:03:28-04:00 2023-12-31 521373858 DELEON & STANG CPAS AND ADVISORS 150 S EAST STREET FREDERICK MD 21701 990 2023-01-01 832399912 US FASTER PAYMENTS COUNCIL USFA 7818766264 1706 S WALTON BLVD 3345 BENTONVILLE AR 72712 REED LUHTANEN EXECUTIVE DIRECTOR 7818766264 2024-04-10 true false CLINT LEHMAN CPA P00840525 3012507400 2024-05-29 2023 2024-08-08 14:25:15Z REED LUHTANEN 1404 NW K STREET BENTONVILLE AR 72712 1753790 false X WWW.FASTERPAYMENTSCOUNCIL.ORG X 2018 MD THE FASTER PAYMENTS COUNCIL (FPC) IS AN INDUSTRY-LED MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO FACILITATE A WORLD-CLASS PAYMENT SYSTEM WHERE EVERY PERSON OR ORGANIZATION CAN SAFELY AND SECURELY PAY ANYONE, ANYWHERE, AT ANY TIME AND WITH NEAR-IMMEDIATE FUNDS AVAILABILITY. 20 20 0 0 0 1577407 1728782 4568 23729 1279 1581975 1753790 0 0 1032787 1131310 0 0 399382 568394 1432169 1699704 149806 54086 1724382 1672877 1005784 900193 718598 772684 X THE FASTER PAYMENTS COUNCIL (FPC) IS AN INDUSTRY-LED MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO FACILITATE A WORLD-CLASS PAYMENT SYSTEM WHERE EVERY PERSON OR ORGANIZATION CAN SAFELY AND SECURELY PAY ANYONE, ANYWHERE, AT ANY TIME AND WITH NEAR-IMMEDIATE FUNDS AVAILABILITY. false false RAISING INDUSTRY AND CONSUMER AWARENESS, FORMULATING A PLAN TO GARNER A DIVERSE POPULATION OF MEMBERS FROM ACROSS ALL AREAS OF US PAYMENTS INDUSTRY AND DEVELOPING A SAFE FORUM FOR DIALOGUE GOVERNED BY STRONG ANTITRUST GUARD RAILS. false false false true false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 5 0 0 false false false false false false false false X 20 20 false true false false false false false true true false false true true true true true true false false false X REED LUHTANEN 7818766264 1706 S WALTON BLVD 3345 BENTONVILLE AR 72712 REED LUHTANEN EXECUTIVE DI 40.00 X 0 508907 0 ANGELA HENDERSHOTT DIRECTOR-OPE 40.00 X 0 168236 0 ELIZABETH GRICE DIRECTOR-MAR 40.00 X 0 146771 0 LISA AKAHOSHI DIRECTOR 1.00 X 0 0 0 MIKE BILSKI CHAIR 1.50 X X 0 0 0 ELSPETH BLOODGOOD TREASURER 1.00 X X 0 0 0 KEVIN CHRISTENSEN DIRECTOR 1.00 X 0 0 0 JAMES COLASSANO DIRECTOR 1.00 X 0 0 0 LIZ GARNER DIRECTOR 1.00 X 0 0 0 MARGO GILES DIRECTOR 1.00 X 0 0 0 GAIL HILLEBRAND DIRECTOR 1.00 X 0 0 0 MATTHEW HOWARTER VICE CHAIR 1.50 X X 0 0 0 JOSH KAROLY DIRECTOR 1.00 X 0 0 0 STEVE KENNEALLY DIRECTOR 1.00 X 0 0 0 BEVERLY KENNEDY DIRECTOR 1.00 X 0 0 0 TODD KOEHN DIRECTOR 1.00 X 0 0 0 ROBERT LEWIS DIRECTOR 1.00 X 0 0 0 CATHY LESSER MANSFIELD DIRECTOR 1.00 X 0 0 0 STEVE MOTT DIRECTOR 1.00 X 0 0 0 BOOSHAN RENGACHARI DIRECTOR 1.00 X 0 0 0 CARL SLABICKI DIRECTOR 1.00 X 0 0 0 PERRY STARR DIRECTOR 1.00 X 0 0 0 PETER TAPLING DIRECTOR 1.00 X 0 0 0 823914 false true false MEMBERSHIP DUES 1577615 1577615 SPONSORSHIPS 151167 151167 1728782 23729 23729 OTHER INCOME 1279 1279 1279 1753790 1730061 23729 509907 529322 37580 54501 628 52078 98832 110344 11223 30989 61687 1891 3806 EVENT EXPENSES 196916 1699704 0 0 0 1165656 598222 503160 1025556 31474 1474 21778 47203 10738 10316 2314 422 1724382 1672877 12224 136581 993560 763612 1005784 900193 X 718598 772684 718598 772684 1724382 1672877 54086 X false true X true false true false false 10738 10316 422 422 X 1753790 1753790 1753790 1699704 1699704 1699704 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION COMPLIES WITH FASB ASC 740-10 AND ACCOUNTING STANDARDS UPDATE (ASU) 2009-06. THE ORGANIZATION CONSIDERED THE POSSIBILITY OF UNCERTAIN TAX POSITIONS AND THEIR IMPACT ON THE FINANCIAL POSITION OF THE ORGANIZATION. THE MOST SIGNIFICANT TAX POSITIONS OF THE ORGANIZATION ARE ITS TAX-EXEMPT STATUS AND THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME. AS OF DECEMBER 31, 2023 AND 2022, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. X false false false REED LUHTANEN EXECUTIVE DIRECTOR 463907 45000 508907 ANGELA HENDERSHOTT DIRECTOR-OPERATIONS 168236 168236 FORM 990 - ORGANIZATION'S MISSION THE FASTER PAYMENTS COUNCIL (FPC) IS AN INDUSTRY-LED MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO FACILITATE A WORLD-CLASS PAYMENT SYSTEM WHERE EVERY PERSON OR ORGANIZATION CAN SAFELY AND SECURELY PAY ANYONE, ANYWHERE, AT ANY TIME AND WITH NEAR-IMMEDIATE FUNDS AVAILABILITY. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION CONTRACTED WITH A THIRD-PARTY PROVIDER - VIRTUAL, INC. - TO MANAGE ITS OPERATIONS FOR 2019 AND THROUGH MARCH 31, 2020. PER THE AGREEMENT, VIRTUAL, INC.PROVIDED MANAGEMENT, MARKETING, COMMUNICATION, FINANCE/ACCOUNTING AND OTHER SERVICES TO THE ORGANIZATION. IN ADDITION, VIRTUAL, INC. PROVIDED THE EMPLOYEE ROLES OF EXECUTIVE DIRECTOR, DIRECTOR OF OPERATIONS, AND DIRECTOR OF MARKETING & COMMUNICATIONS. EFFECTIVE IN APRIL 2020, THE ORGANIZATION UTILIZED THE SERVICES OF A PROFESSIONAL EMPLOYER ORGANIZATION (PEO), PAYCHEX. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED BY THE EXECUTIVE COMMITTEE TO THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE FPC'S CONFLICT OF INTEREST POLICY REQUIRES THAT BOARD MEMBERS DISCLOSE ALL MATERIAL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST PRIOR TO THE COMMENCING OF A BOARD MEETING OR DURING A BOARD MEETING, WHICHEVER IS THE EARLIEST. WHEN THERE IS A DOUBT AS TO WHETHER A CONFLICT EXISTS, THE MATTER IS RESOLVED BY A VOTE OF THE FPC BOARD, EXCLUDING THE PERSON(S) CONCERNING WHOSE SITUATION THE DOUBT HAS ARISEN. THE BOARD SHALL ASCERTAIN THAT ALL MATERIAL FACTS REGARDING THE MATTER HAVE BEEN DISCLOSED TO THE BOARD. AFTER EXERCISING DUE DILIGENCE, WHICH MAY INCLUDE INVESTIGATING ALTERNATIVES THAT PRESENT NO CONFLICT, THE BOARD SHALL DETERMINE WHETHER THE MATTER IS IN THE FPC'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS JUST AND REASONABLE TO THE FPC. THE OFFICIAL MINUTES OF THE BOARD SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THE INTERESTED PERSON(S) DID NOT PARTICIPATE IN THE FINAL DISCUSSION OR VOTE AND DID NOT VOTE ON THE MATTER. FAILURE TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTERESTS MAY BE REFERRED TO THE BOARD OF DIRECTORS FOR APPROPRIATE DISCIPLINARY AND/OR CORRECTIVE ACTION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.