Civic Intelligence

MID-Atlantic Clearing House

990 • Fiscal year 2014 • EIN 52-1051341

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 24, 2015

1344 Ashton RoadRoom/Suite 202Hanover, MD 21076

(410) 859-0090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

23rd percentile

0.04x

Higher debt load relative to revenue than 23% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

77th percentile

12%

Higher net margin than 77% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

84th percentile

$247,800

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

56th percentile

5.5%

Faster asset growth than 56% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

64th percentile

7.7%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,212,166

Up $166,132 (+5.5%) from 2013

Net Assets

Up

$3,164,601

Up $156,347 (+5.2%) from 2013

Liabilities

Up

$47,565

Up $9,785 (+26%) from 2013

Revenue

Up

$1,346,287

Up $95,953 (+7.7%) from 2013

Expenses

Up

$1,189,940

Up $33,303 (+2.9%) from 2013

Net Income

Up

$156,347

Up $62,650 (+67%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,784,644Liabilities 2011: $23,251Net Assets 2011: $2,761,3932011Assets 2012: $2,938,447Liabilities 2012: $23,890Net Assets 2012: $2,914,5572012Assets 2013: $3,046,034Liabilities 2013: $37,780Net Assets 2013: $3,008,2542013Assets 2014: $3,212,166Liabilities 2014: $47,565Net Assets 2014: $3,164,6012014Assets 2015: $3,300,460Liabilities 2015: $37,411Net Assets 2015: $3,263,0492015Assets 2016: $3,409,966Liabilities 2016: $52,376Net Assets 2016: $3,357,5902016Assets 2017: $3,602,397Liabilities 2017: $47,893Net Assets 2017: $3,554,5042017Assets 2018: $3,652,426Liabilities 2018: $63,827Net Assets 2018: $3,588,5992018Assets 2019: $3,797,508Liabilities 2019: $52,237Net Assets 2019: $3,745,2712019Assets 2020: $5,335,398Liabilities 2020: $462,824Net Assets 2020: $4,872,5742020Assets 2021: $5,873,780Liabilities 2021: $438,940Net Assets 2021: $5,434,8402021Assets 2022: $6,550,728Liabilities 2022: $745,104Net Assets 2022: $5,805,6242022Assets 2023: $7,020,064Liabilities 2023: $776,683Net Assets 2023: $6,243,3812023Assets 2024: $7,409,655Liabilities 2024: $812,547Net Assets 2024: $6,597,1082024

Highlighted filing

2014

Assets$3,212,166
Liabilities$47,565
Net Assets$3,164,601

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $1,095,0542011Expenses 2012: $1,098,9062012Revenue 2013: $1,250,334Expenses 2013: $1,156,637Net Income 2013: $93,6972013Revenue 2014: $1,346,287Expenses 2014: $1,189,940Net Income 2014: $156,3472014Revenue 2015: $1,368,390Expenses 2015: $1,269,942Net Income 2015: $98,4482015Revenue 2016: $1,357,546Expenses 2016: $1,263,005Net Income 2016: $94,5412016Revenue 2017: $1,378,860Expenses 2017: $1,181,946Net Income 2017: $196,9142017Revenue 2018: $1,367,909Expenses 2018: $1,333,814Net Income 2018: $34,0952018Revenue 2019: $1,384,448Expenses 2019: $1,227,776Net Income 2019: $156,6722019Revenue 2020: $1,963,701Expenses 2020: $1,678,767Net Income 2020: $284,9342020Revenue 2021: $2,398,437Expenses 2021: $1,839,858Net Income 2021: $558,5792021Revenue 2022: $2,979,882Expenses 2022: $2,581,192Net Income 2022: $398,6902022Revenue 2023: $3,361,930Expenses 2023: $2,924,173Net Income 2023: $437,7572023Revenue 2024: $3,540,462Expenses 2024: $3,186,735Net Income 2024: $353,7272024

Highlighted filing

2014

Revenue$1,346,287
Expenses$1,189,940
Net Income$156,347
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 24, 2015
Return Version
2014v5.0
Gross Receipts
$1,379,180
Mission and Program Overview

Mission

The primary activity of the organization is training amd member support on electronic payments.

The primary activity of the organization is to supervise and coordinate the processing of electronic funds transfers for its members and provide educational seminars to users of the system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,683,023$2,872,031▲ $189,008
Cash and Non-Interest-Bearing Accounts$176,823$150,338▼ $26,485
Accounts Receivable$87,057$94,133▲ $7,076
Prepaid Expenses and Deferred Charges$70,213$70,877▲ $664
Land, Buildings, and Equipment, Net$19,081$15,168▼ $3,913
Inventories for Sale or Use$5,668$5,450▼ $218
Total Assets$3,046,034$3,212,166▲ $166,132
Other Assets Total$4,169$4,169→ $0
Liabilities
Accounts Payable and Accrued Expenses$23,848$30,672▲ $6,824
Deferred Revenue$13,932$16,893▲ $2,961
Total Liabilities$37,780$47,565▲ $9,785
Net Assets / Fund Balance
Unrestricted Net Assets$3,008,254$3,164,601▲ $156,347
Total Net Assets Fund Balance$3,008,254$3,164,601▲ $156,347
Total Liabilities and Net Assets / Fund Balance$3,046,034$3,212,166▲ $166,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,691$63,898$78,589
Other Land Buildings$477$16,376$16,853
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John J KingPresidentFT$247,800$247,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,281,815
Investment Income
$56,160
Other Revenue
$8,312
Change in Net Assets
$156,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,346,287
Revenue Not Reported on Form 990
$32,893
Total Revenue per Audited Statements
$1,379,180
Total Revenue per Form 990
$1,346,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$837,028
Other Expenses$352,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$376,608
Current Officers, Directors, Trustees, and Key Employees---$247,800
Pension Plan Contributions---$93,824
Other Employee Benefits---$78,955
Occupancy---$70,544
Conferences and Meetings---$42,349
Payroll Taxes---$39,841
Fees for Services Other---$18,197
All Other Expenses---$17,946
Office Expenses---$12,493
Other Expenses---$10,865
Fees for Services Accounting---$9,640
Travel---$9,110
Insurance---$8,622
Depreciation Depletion---$7,920
Total Functional Expenses$0$0$0$1,189,940

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,222,833
Expenses per Audited Statements$1,189,940
Total Expenses per Form 990$1,189,940
Expenses Not Reported on Form 990$32,893
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The membership consists of financial institutions and associate members.

Form 990, Page 6, Part VI, Line 7A

Largest volume credit union appoints one member. Largest volume bank member appoints one member.

Form 990, Page 6, Part VI, Line 11B

Director reviews with cpa and signs return.

Form 990, Page 6, Part VI, Line 12C

All disclosure statements given by board.

Form 990, Page 6, Part VI, Line 15A

Compensation of top official is based on performance goals and objectives.

Form 990, Page 6, Part VI, Line 19

Documents are furnished upon request.

Filing and Contact Details

Filer

Filer Name
Mid-atlantic Clearing House
EIN
52-1051341
Phone
4108590090
Address
1344 ASHTON ROAD, ROOM/SUITE 202, HANOVER, MD 21076

Signing Officer

Name
Robert Dael
Title
President
Phone
4108590090
Signed
2015-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Dael
Formed
1975
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
9
Employees
6

Preparer

Firm
Wolfe & Fiedler Pa
Address
634 FREDERICK RD STE 1, CATONSVILLE, MD 21228
Preparer
Brian T Wolfe
Phone
4107470789
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Educate membership and provide clearing house for ach transactions

Form 990, Part XI, Line 9

Publication sales 32,893 publications cost of goods sold -32,893

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

PUBLICATION SALES 32,893

Schedule D, Page 4, Part XII, Line 2D

Publications cost of goods sold 32,893

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherRevenueAmt032893
IRS990ScheduleD/RevenueNotReportedAmt032893
IRS990ScheduleD/RevenueSubtotalAmt01346287
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PUBLICATION SALES 32,893
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PUBLICATIONS COST OF GOODS SOLD 32,893
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015168
IRS990ScheduleD/TotalExpensesPerForm990Amt01189940
IRS990ScheduleD/TotalRevenuePerForm990Amt01346287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01379180
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01222833
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0247800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN J KING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0247800
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMMITTEE OF BOARD REVIEWS AND APPROVES PROPOSED SALARY, RETIREMENT CONTRIBUTIONS, AND BONUS TO EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDUCATE MEMBERSHIP AND PROVIDE CLEARING HOUSE FOR ACH TRANSACTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP CONSISTS OF FINANCIAL INSTITUTIONS AND ASSOCIATE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LARGEST VOLUME CREDIT UNION APPOINTS ONE MEMBER. LARGEST VOLUME BANK MEMBER APPOINTS ONE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTOR REVIEWS WITH CPA AND SIGNS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DISCLOSURE STATEMENTS GIVEN BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF TOP OFFICIAL IS BASED ON PERFORMANCE GOALS AND OBJECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE FURNISHED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PUBLICATION SALES 32,893 PUBLICATIONS COST OF GOODS SOLD -32,893
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03046034
IRS990/TotalAssetsEOYAmt03212166
IRS990/TotalAssetsGrp/BOYAmt03046034
IRS990/TotalAssetsGrp/EOYAmt03212166
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01189940
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037780
IRS990/TotalLiabilitiesEOYAmt047565
IRS990/TotalLiabilitiesGrp/BOYAmt037780
IRS990/TotalLiabilitiesGrp/EOYAmt047565
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03008254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03164601
IRS990/TotalProgramServiceRevenueAmt01281815
IRS990/TotalReportableCompFromOrgAmt0247800
IRS990/TotalRevenueGrp/ExclusionAmt056160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01290127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01346287
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03046034
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03212166
IRS990/TravelGrp/TotalAmt09110
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03008254
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03164601
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01344 ASHTON ROAD
IRS990/USAddress/CityNm0HANOVER
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021076
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MACHA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT DAEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04108590090
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-ATLANTIC CLEARING HOUSE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0521051341
ReturnHeader/Filer/PhoneNum04108590090
ReturnHeader/Filer/USAddress/AddressLine1Txt01344 ASHTON ROAD
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 202
ReturnHeader/Filer/USAddress/CityNm0HANOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021076
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521798441
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLFE & FIEDLER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0634 FREDERICK RD STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CATONSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021228
ReturnHeader/PreparerPersonGrp/PhoneNum04107470789
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN T WOLFE
ReturnHeader/ReturnTs02015-08-24T15:21:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.41$0.81$6.60$3.54$3.19$0.35
2023Detailed filing. Detailed filing data is available for this year.$7.02$0.78$6.24$3.36$2.92$0.44
2022Detailed filing. Detailed filing data is available for this year.$6.55$0.75$5.81$2.98$2.58$0.40
2021Detailed filing. Detailed filing data is available for this year.$5.87$0.44$5.43$2.40$1.84$0.56
2020Detailed filing. Detailed filing data is available for this year.$5.34$0.46$4.87$1.96$1.68$0.28
2019Detailed filing. Detailed filing data is available for this year.$3.80$0.05$3.75$1.38$1.23$0.16
2018Detailed filing. Detailed filing data is available for this year.$3.65$0.06$3.59$1.37$1.33$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.60$0.05$3.55$1.38$1.18$0.20
2016Detailed filing. Detailed filing data is available for this year.$3.41$0.05$3.36$1.36$1.26$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.04$3.26$1.37$1.27$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.21$0.05$3.16$1.35$1.19$0.16
2013Detailed filing. Detailed filing data is available for this year.$3.05$0.04$3.01$1.25$1.16$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.02$2.91$1.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.02$2.76$1.10