Nonprofit · EIN 83-2399912
US FASTER PAYMENTS COUNCIL INC
Tax-exempt · BENTONVILLE, AR 72712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,764,577 | $1,750,915 | $13,662 | $1,515,495 | $688,205 | $827,290 |
| December 31, 2024 | 990 | $1,745,171 | $1,704,231 | $40,940 | $1,574,384 | $760,756 | $813,628 |
| December 31, 2023 | 990 | $1,753,790 | $1,699,704 | $54,086 | $1,672,877 | $900,193 | $772,684 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,754,861
- Investment income
- $9,716
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $494,857
- Other salaries and wages
- $582,264
- Salaries, compensation and benefits (total)
- $1,224,713
- Professional fundraising fees
- $0
- Legal fees
- $1,493
- Accounting fees
- $54,448
- Travel
- $56,934
- Depreciation
- $416
Balance sheet and other
- Total assets, start of year
- $1,574,384
- Total assets, end of year
- $1,515,495
- Total liabilities, end of year
- $688,205
- Net assets, end of year
- $827,290
- Land, buildings and equipment
- $2,706
- Net assets without donor restrictions
- $827,290
- Gross receipts
- $1,764,577
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- MD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| REED LUHTANEN | EXECUTIVE DI Officer | 40 | $0 | $494,857 |
| ANGELA HENDERSHOTT | DIRECTOR-OPE Highest-paid employee | 40 | $0 | $201,520 |
| ELIZABETH GRICE | DIRECTOR-MAR Highest-paid employee | 40 | $0 | $167,845 |
| SCOTT ANCHIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARA ARNIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BILSKI | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ELSPETH BLOODGOOD | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JAMES COLASSANO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| SOFIA FREYDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LIZ GARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGO GILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH KAROLY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CATHY LESSER MANSFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE MOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOOSHAN RENGACHARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIRIAM SHERIL | DIRECTOR Trustee or director | 3 | $0 |
| CARL SLABICKI | CHAIR Trustee or director, Officer | 2 | $0 |
| PERRY STARR | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| PETER TAPLING | DIRECTOR Trustee or director | 5 | $0 |
| STEVE WASSERMAN | DIRECTOR Trustee or director | 5 | $0 |
| PHILLIPA WILSON | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 28 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| REED LUHTANEN | EXECUTIVE DI Officer | 40 | $0 | $525,517 |
| ANGELA HENDERSHOTT | DIRECTOR-OPE Highest-paid employee | 40 | $0 | $198,465 |
| ELIZABETH GRICE | DIRECTOR-MAR Highest-paid employee | 40 | $0 | $168,685 |
| LISA AKAHOSHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT ANCHIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SARA ARNIO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MIKE BILSKI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELSPETH BLOODGOOD | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| KEVIN CHRISTENSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES COLASSANO | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LIZ GARNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARGO GILES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GAIL HILLEBRAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW HOWARTER | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JOSH KAROLY | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| STEVE KENNEALLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEVERLY KENNEDY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TODD KOEHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHY LESSER MANSFIELD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STEVE MOTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BOOSHAN RENGACHARI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MIRIAM SHERIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL SLABICKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY STARR | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PETER TAPLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE WASSERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILLIPA WILSON | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| REED LUHTANEN | EXECUTIVE DI Officer | 40 | $0 | $508,907 |
| ANGELA HENDERSHOTT | DIRECTOR-OPE Highest-paid employee | 40 | $0 | $168,236 |
| ELIZABETH GRICE | DIRECTOR-MAR Highest-paid employee | 40 | $0 | $146,771 |
| LISA AKAHOSHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BILSKI | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ELSPETH BLOODGOOD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN CHRISTENSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES COLASSANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZ GARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGO GILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL HILLEBRAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW HOWARTER | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JOSH KAROLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KENNEALLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEVERLY KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD KOEHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHY LESSER MANSFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE MOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOOSHAN RENGACHARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL SLABICKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY STARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER TAPLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1706 S WALTON BLVD UNIT 3345, BENTONVILLE, AR 72712-2514
- Principal officer (990 for 2025)
- REED LUHTANEN, 1404 NW K STREET, BENTONVILLE, AR 72712
- Signed the 990
- REED LUHTANEN, EXECUTIVE DIRECTOR
- Phone
- (781) 876-6264
- Return prepared by
- DELEON & STANG CPAS AND ADVISORS
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.
Program accomplishments
- 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.
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 | 990 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
- 83-2399912
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U99)
- Assets (IRS master file)
- $1,515,495
- Income (IRS master file)
- $1,764,577
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,764,577 | $1,750,915 | $1,515,495 | IRS |
| 990 | December 2024 | $1,745,171 | $1,704,231 | $1,574,384 | XML |
| 990 | December 2023 | $1,753,790 | $1,699,704 | $1,672,877 | XML |
| 990 | December 2022 | $1,581,975 | $1,432,169 | $1,724,382 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 83-2399912).
Questions about US FASTER PAYMENTS COUNCIL INC
- What is the EIN of US FASTER PAYMENTS COUNCIL INC?
- The employer identification number (EIN) of US FASTER PAYMENTS COUNCIL INC is 83-2399912.
- Is US FASTER PAYMENTS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2020.
- Are donations to US FASTER PAYMENTS COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does US FASTER PAYMENTS COUNCIL 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 US FASTER PAYMENTS COUNCIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did US FASTER PAYMENTS COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of US FASTER PAYMENTS COUNCIL INC?
- The 990 for the year ended December 31, 2025 names REED LUHTANEN.
- Who are the officers and directors of US FASTER PAYMENTS COUNCIL INC?
- The 990 for the year ended December 31, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does US FASTER PAYMENTS COUNCIL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,764,577, expenses of $1,750,915 and total assets of $1,515,495 at year end.
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