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Nonprofit · EIN 58-1696397

PAYMENTSFIRST INC

Tax-exempt · COLUMBIA, SC 29210

Financials

$3.4M$3.3M2023$3.7M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of PAYMENTSFIRST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,700,210$3,450,435$249,775$2,630,034$117,537$2,512,497
December 31, 2023990$3,427,240$3,256,467$170,773$2,939,522$676,800$2,262,722
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,494,635
Membership dues
$1,494,635
Program service revenue
$2,074,613
Investment income
$67,431
Net gain from sales of assets
-$137
Net income from sales of inventory
$63,478
Other revenue
$63,531

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$752,624
Other salaries and wages
$1,696,354
Salaries, compensation and benefits (total)
$2,549,046
Professional fundraising fees
$0
Occupancy
$11,201
Travel
$64,357
Depreciation
$30,891
Program services (functional)
$2,229,226
Management and general (functional)
$1,221,209

Balance sheet and other

Total assets, start of year
$2,939,522
Total assets, end of year
$2,630,034
Total liabilities, end of year
$117,537
Net assets, end of year
$2,512,497
Land, buildings and equipment
$12,779
Net assets without donor restrictions
$2,512,497
Gross unrelated business income
$37,250
Gross receipts
$3,800,634
Employees
21
Volunteers
0
Year formed
1973
State of legal domicile
SC

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.

NameTitleHours / weekCompensation
RICH LEARYPRESIDENT
Officer
40$242,380
CHAD FRANKEVP RISK & CONSULTING
Officer
40$190,502
JENNIFER STADLEREVP MARKETING & MEMBERSHIP
Officer
40$177,771
ALLEN YOUNGVICE PRESIDENT
Officer
40$141,971
DAVID PETERSONCHAIRMAN
Trustee or director, Officer
1$0
SCOTT WOODSVICE CHAIR
Trustee or director, Officer
1$0
DAWN BRUMMETTTREASURER
Trustee or director, Officer
1$0
GLEN CROSSSECRETARY
Trustee or director, Officer
1$0
MARK ALTMANDIRECTOR
Trustee or director
1$0
PAM DAVISDIRECTOR
Trustee or director
1$0
JERRY SIEGELDIRECTOR
Trustee or director
1$0
PAUL RAGLANDDIRECTOR
Trustee or director
1$0
GLORYANA NELSONDIRECTOR
Trustee or director
1$0
TONI DAVISSONDIRECTOR
Trustee or director
1$0
OLIVIA MACIELDIRECTOR
Trustee or director
1$0
1 more people on this return
NameTitleHours / weekCompensation
CHRIS NOEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
RICH LEARYCEO & PRESIDENT
Officer
40$220,930
GAI CRAIGEXECUTIVE VICE PRESIDENT
Former
40$206,381
CHAD FRANKEVP RISK & COMPLIANCE
Officer
40$150,220
ALLEN YOUNGVICE PRESIDENT
Officer
40$127,257
JENNIFER STADLERSVP EDUCATION & MEMEBER SUPPORT
Officer
40$119,604
DAVID PETERSONCHAIRMAN
Trustee or director, Officer
1$0
SCOTT WOODSVICE CHAIR
Trustee or director, Officer
1$0
DAWN BRUMMETTTREASURER
Trustee or director, Officer
1$0
GLEN CROSSSECRETARY
Trustee or director, Officer
1$0
MARK ALTMANDIRECTOR
Trustee or director
1$0
PAM DAVISDIRECTOR
Trustee or director
1$0
JERRY SIEGELDIRECTOR
Trustee or director
1$0
PAUL RAGLANDDIRECTOR
Trustee or director
1$0
GLORYANA NELSONDIRECTOR
Trustee or director
1$0
TONI DAVISSONDIRECTOR
Trustee or director
1$0
KEVIN HERRINGTONDIRECTOR
Trustee or director
1$0
OLIVIA MACIELDIRECTOR
Trustee or director
1$0
CHRIS NOEDIRECTOR
Trustee or director
1$0
PAUL BERLINGDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
810 DUTCH SQUARE BLVD STE 209, COLUMBIA, SC 29210-7318
Principal officer (990 for 2024)
RICHARD G LEARY, 810 DUTCH SQUARE BLVD 209, COLUMBIA, SC 29210
Signed the 990
RICHARD G LEARY, PRESIDENT & CEO
Phone
(678) 384-9791
Return prepared by
BORLAND BENEFIELD PC

Mission

PROVIDE EDUCATION, SUPPORT, AND RISK AND COMPLIANCE SERVICES TO PROMOTE THE USE, ADVANCEMENT, AND UNDERSTANDING OF ELECTRONIC PAYMENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION- PAYMENTSFIRST PROVIDES EDUCATION SUPPORT TO FOSTER COMPLIANCE, ADVANCEMENT AND UNDERSTANDING OF ELECTRONIC PAYMENTS FOR THE BENEFIT OF INDUSTRY PARTICIPANTS AND THE PAYMENTS NETWORK.
    Expenses $1,122,957 · revenue $779,835
  • RISK AND COMPLIANCE- PAYMENTSFIRST PROMOTES GROWTH AND SECURE USE OF ELECTRONIC PAYMENTS THROUGH PROVIDING RESOURCES AND SUPPORT TO IDENTIFY AND CONTROL RISK AND ENSURE RULE AND REGULATORY COMPLIANCE FOR THE BENEFIT OF THE PAYMENTS NETWORK.
    Expenses $929,410 · revenue $1,257,391
  • Expenses $176,859 · revenue $53

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1696397
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,630,034
Income (IRS master file)
$3,800,634

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,700,210$3,450,435$2,630,034IRS
990December 2023$3,427,240$3,256,467$2,939,522XML
990December 2022$3,135,021$2,841,698$2,650,132IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 58-1696397).

Questions about PAYMENTSFIRST INC

What is the EIN of PAYMENTSFIRST INC?
The employer identification number (EIN) of PAYMENTSFIRST INC is 58-1696397.
Is PAYMENTSFIRST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
Are donations to PAYMENTSFIRST INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PAYMENTSFIRST INC 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 PAYMENTSFIRST INC 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 PAYMENTSFIRST INC 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 PAYMENTSFIRST INC?
The 990 for the year ended December 31, 2024 names RICHARD G LEARY.
Who are the officers and directors of PAYMENTSFIRST INC?
The 990 for the year ended December 31, 2024 lists 16 people; 4 received compensation from the organization, the highest $242,380 (RICH LEARY, PRESIDENT).
How much revenue does PAYMENTSFIRST INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,700,210, expenses of $3,450,435 and total assets of $2,630,034 at year end.

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