Nonprofit · EIN 37-1558379
MERCHANT ADVISORY GROUP
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,164,321 | $8,851,789 | -$1,687,468 | $7,257,390 | $3,481,281 | $3,776,109 |
| December 31, 2023 | 990 | $6,857,340 | $6,827,271 | $30,069 | $8,225,299 | $2,761,722 | $5,463,577 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,956,175
- Program service revenue
- $1,964,105
- Investment income
- $244,041
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $238,096
- Accounting fees
- $80,861
- Travel
- $154,691
Balance sheet and other
- Total assets, start of year
- $8,225,299
- Total assets, end of year
- $7,257,390
- Total liabilities, end of year
- $3,481,281
- Net assets, end of year
- $3,776,109
- Net assets without donor restrictions
- $2,457,841
- Net assets with donor restrictions
- $1,318,268
- Gross receipts
- $7,164,321
- Employees
- 24
- Volunteers
- 100
- Year formed
- 2007
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN DRECHNY | CEO Trustee or director, Officer | 40 | $729,198 | $0 |
| ELIZABETH P PROVENZANO | SENIOR VICE PRESIDENT OF PUBLIC AFFAIRS, EVENTS, A Highest-paid employee | 40 | $286,986 | $16,535 |
| BRYAN H PENNY | VICE PRESIDENT, OPERATIONS Highest-paid employee | 40 | $267,937 | $17,529 |
| STEVEN S COLE | DIRECTOR, TECH ENGAGEMENT Highest-paid employee | 40 | $210,143 | $18,607 |
| KELLY D ANDRUS | DIRECTOR, COLLABORATION Highest-paid employee | 40 | $197,355 | $27,845 |
| ANDREA D ROUSE | SENIOR DIRECTOR, CONFERENCE AND EVENTS Highest-paid employee | 40 | $170,392 | $17,869 |
| ANN SCHMITT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHY HANNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON COLLINS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS PRIEBE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOE VASTERLING | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN AGLIALORO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN GROGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER JESSIMAN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LINDBERG | DIRECTOR Trustee or director | 1 | $0 |
| ALOK MATHUR | DIRECTOR Trustee or director | 1 | $0 |
| ERIC VASCERA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN DRECHNY | CEO Officer | 40 | $620,857 | $0 |
| ELIZABETH PROVENZANO | SR VP PUBLIC AFFAIRS Highest-paid employee | 40 | $330,247 | $10,952 |
| BRYAN PENNY | VICE PRESIDENT Highest-paid employee | 40 | $295,677 | $10,512 |
| STEVEN COLE | DIRECTOR Highest-paid employee | 40 | $240,628 | $18,220 |
| KRISTI SIMONETT | DIRECTOR Highest-paid employee | 40 | $221,811 | $26,375 |
| KELLY ANDRUS | DIRECTOR Officer | 40 | $215,419 | $12,969 |
| ANDREA ROUSE | SENIOR DIRECTOR Highest-paid employee | 40 | $189,698 | $12,594 |
| KATHY HANNA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALOK MATHUR | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS PRIEBE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GINA POWERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RON COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN GROGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER JESSIMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE VASTERLING | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN AGLIALORO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEE O'MALLEY | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN SCHMITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4248 PARK GLEN RD, MINNEAPOLIS, MN 55416-4758
- Principal officer (990 for 2024)
- JOHN DRECHNY, 4248 PARK GLEN RD, MPLS, MN 55416
- Signed the 990
- JOHN DRECHNY, CEO
- Phone
- (952) 928-4648
- Return prepared by
- SMITH SCHAFER & ASSOCIATES LTD
Mission
DRIVING POSITIVE CHANGE AND INNOVATION IN THE PAYMENTS INDUSTRY THAT SERVES THE MERCHANTS' INTERESTS THROUGH COLLABORATION, EDUCATION AND ADVOCACY.
Program accomplishments
- ANNUAL CONFERENCE - PURPOSE FOR THE CONFERENCE IS TO EDUCATE MEMBERS AND PROVIDE NETWORKING OPPORTUNITIES.Expenses $788,853 · revenue $865,251
- MID-YEAR CONFERENCE - PURPOSE FOR THE CONFERENCE IS TO EDUCATE MEMBERS AND PROVIDE NETWORKING OPPORTUNITIES.Expenses $1,023,573 · revenue $594,184
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1558379
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $7,257,390
- Income (IRS master file)
- $7,164,321
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,164,321 | $8,851,789 | $7,257,390 | XML |
| 990 | December 2023 | $6,857,340 | $6,827,271 | $8,225,299 | XML |
| 990 | December 2022 | $5,243,279 | $5,245,875 | $7,854,359 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MERCHANT ADVISORY GROUP
- What is the EIN of MERCHANT ADVISORY GROUP?
- The employer identification number (EIN) of MERCHANT ADVISORY GROUP is 37-1558379.
- Is MERCHANT ADVISORY GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
- Are donations to MERCHANT ADVISORY GROUP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MERCHANT ADVISORY GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MERCHANT ADVISORY GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERCHANT ADVISORY GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MERCHANT ADVISORY GROUP?
- The 990 for the year ended December 31, 2024 names JOHN DRECHNY.
- Who are the officers and directors of MERCHANT ADVISORY GROUP?
- The 990 for the year ended December 31, 2024 lists 19 people; 6 received compensation from the organization, the highest $729,198 (JOHN DRECHNY, CEO).
- How much revenue does MERCHANT ADVISORY GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,164,321, expenses of $8,851,789 and total assets of $7,257,390 at year end.
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