Civic Intelligence

Swift Us National Group

990 • Fiscal year 2020 • EIN 90-0897610

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

4 New York Plaza Ny1-e038New York, NY 10004

(212) 552-2536

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Net Margin

57th percentile

12%

Higher net margin than 57% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Asset Growth

44th percentile

2.8%

Faster asset growth than 44% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-8.7%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$672,396

Up $18,447 (+2.8%) from 2019

Net Assets

Up

$672,396

Up $18,447 (+2.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$156,575

Down $15,008 (-8.7%) from 2019

Expenses

Down

$138,128

Down $62,580 (-31%) from 2019

Net Income

Up

$18,447

Up $47,572 (+163%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $747,465Liabilities 2013: $0Net Assets 2013: $747,4652013Assets 2014: $786,544Liabilities 2014: $0Net Assets 2014: $786,5442014Assets 2015: $745,353Liabilities 2015: $0Net Assets 2015: $745,3532015Assets 2016: $714,343Liabilities 2016: $0Net Assets 2016: $714,3432016Assets 2017: $694,614Liabilities 2017: $0Net Assets 2017: $694,6142017Assets 2018: $683,074Liabilities 2018: $0Net Assets 2018: $683,0742018Assets 2019: $653,949Liabilities 2019: $0Net Assets 2019: $653,9492019Assets 2020: $672,396Liabilities 2020: $0Net Assets 2020: $672,3962020Assets 2021: $688,783Liabilities 2021: $0Net Assets 2021: $688,7832021Assets 2022: $715,083Liabilities 2022: $0Net Assets 2022: $715,0832022Assets 2023: $679,533Liabilities 2023: $0Net Assets 2023: $679,5332023

Highlighted filing

2020

Assets$672,396
Liabilities$0
Net Assets$672,396

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $221,099Expenses 2013: $182,724Net Income 2013: $38,3752013Revenue 2014: $238,158Expenses 2014: $199,079Net Income 2014: $39,0792014Revenue 2015: $143,486Expenses 2015: $184,677Net Income 2015: -$41,1912015Revenue 2016: $151,611Expenses 2016: $182,621Net Income 2016: -$31,0102016Revenue 2017: $159,685Expenses 2017: $179,414Net Income 2017: -$19,7292017Revenue 2018: $177,977Expenses 2018: $189,517Net Income 2018: -$11,5402018Revenue 2019: $171,583Expenses 2019: $200,708Net Income 2019: -$29,1252019Revenue 2020: $156,575Expenses 2020: $138,128Net Income 2020: $18,4472020Revenue 2021: $150,736Expenses 2021: $134,349Net Income 2021: $16,3872021Revenue 2022: $158,348Expenses 2022: $132,048Net Income 2022: $26,3002022Revenue 2023: $146,683Expenses 2023: $182,233Net Income 2023: -$35,5502023

Highlighted filing

2020

Revenue$156,575
Expenses$138,128
Net Income$18,447
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$156,575
Mission and Program Overview

Mission

The swift us national group (susa) represents the interests of the us members of the society for worldwide interbank financial telecommunication (swift). Swift promotes the common business interest of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential, financial messages. Swift communicates and interacts with other national and international organizations with respect to standards for financial messaging and transaction technology. Susa will promote the common business interests of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential financial messages.

Society for worldwide interbank financial telecommunication (swift) provides a network that enables financial institutions to send and receive information about financial transactions in a secure, standardized and reliable environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$406,644$407,279▲ $635
Cash and Non-Interest-Bearing Accounts$247,305$265,117▲ $17,812
Total Assets$653,949$672,396▲ $18,447
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$653,949$672,396▲ $18,447
Total Net Assets Fund Balance$653,949$672,396▲ $18,447
Total Liabilities and Net Assets / Fund Balance$653,949$672,396▲ $18,447
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$149,418
Program Service Revenue
$0
Investment Income
$7,157
Other Revenue
$0
Change in Net Assets
$18,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$156,575
Total Revenue per Audited Statements
$156,575
Total Revenue per Form 990
$156,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$102,000
Conferences and Meetings---$22,639
Fees for Services Accounting---$8,000
Advertising---$5,000
Office Expenses---$489
Total Functional Expenses$0$0$0$138,128

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$138,128
Total Expenses per Audited Statements$138,128
Total Expenses per Form 990$138,128
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

As of january 1, 2017, the group has engaged jjm & pm ltd. To provide day- to-day management and administrative services to the group, as specified from time to time by the swift steering committee, necessary to the operation of swift. Dtsj, inc., who previously provided the day-to-day management and administrative services, has been retained by the group to provide periodic management and administrative services, as specified from time to time by the swift steering committee, necessary to the operation of swift.

Form 990, Page 6, Part VI, Line 6

The organization has members. The organization's bylaws provide that the members shall have the right to vote for or on any matter under the bylaws, including but not limited to, the right to vote for the election of a director or directors, or on the disposition of all or substantially all of the assets, or on a dissolution, or on any changes to the article of incorporation or the bylaws.

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

The board of directors establish the policies governing the conduct of elections. At the quarterly meetings a majority of the voting members present and voting shall elect such number of directors as necessary to fill vacancies of directors whose terms expire as of such meeting.

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

Electronic draft copies are sent to the usng steering committee chair of the organization for dissemination to the steering committee with written instructions to review and approve the form in accordance with irs regulations. Written comments and questions by the board, if any, are sent to the accountant for responses. Otherwise, the form is voted on and approved at the subsequent steering committee meeting.

Form 990, Page 6, Part VI, Line 19

Any member of the general public may, upon written request, inspect copies of: association governing documents financial statements form 990

Filing and Contact Details

Filer

Filer Name
Swift US National Group
EIN
90-0897610
Phone
2125522536
Address
4 NEW YORK PLAZA NY1-E038, NEW YORK, NY 10004

Signing Officer

Name
Theodore Rothschild
Title
Chair/director
Phone
2125522536
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theodore Rothschild
Formed
2012
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Baratz & Associates Pa
Address
7 EVES DRIVE SUITE 100, MARLTON, NJ 08053-3196
Preparer
Steven M Green CPA
Phone
8569855688
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The swift us national group (susa) represents the interests of the us members of the society for worldwide interbank financial telecommunication (swift). Swift promotes the common business interest of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential, financial messages. Swift communicates and interacts with other national and international organizations with respect to standards for financial messaging and transaction technology. Susa will promote the common business interests of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential financial messages.

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

The organization, through membership in swift, (i) promotes the common business interests of banks, securities institutions, corporations and others in the united states engaged in the transmission and routing of secure, confidential financial messages; (ii) to represent and advance the interests of the corporation and its members to and within the governance structure of the society for worldwide interbank financial telecommunication (swift); (iii) to communicate and interact with other national and international organizations with respect to standards for financial messaging and transaction technology; (iv) through improvement and standardization of financial messaging and transaction technology, to lower the cost of and reduce the risk associated with financial transactions, thereby facilitating business operations in general.

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IRS990/PYInvestmentIncomeAmt04925
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
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IRS990ScheduleD/RevenueSubtotalAmt0156575
IRS990ScheduleD/TotalExpensesPerForm990Amt0138128
IRS990ScheduleD/TotalRevenuePerForm990Amt0156575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0156575
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SWIFT US NATIONAL GROUP (SUSA) REPRESENTS THE INTERESTS OF THE US MEMBERS OF THE SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION (SWIFT). SWIFT PROMOTES THE COMMON BUSINESS INTEREST OF BANKS, SECURITIES INSTITUTIONS, CORPORATIONS AND OTHERS IN THE UNITED STATES ENGAGED IN THE TRANSMISSION AND ROUTING OF SECURE, CONFIDENTIAL, FINANCIAL MESSAGES. SWIFT COMMUNICATES AND INTERACTS WITH OTHER NATIONAL AND INTERNATIONAL ORGANIZATIONS WITH RESPECT TO STANDARDS FOR FINANCIAL MESSAGING AND TRANSACTION TECHNOLOGY. SUSA WILL PROMOTE THE COMMON BUSINESS INTERESTS OF BANKS, SECURITIES INSTITUTIONS, CORPORATIONS AND OTHERS IN THE UNITED STATES ENGAGED IN THE TRANSMISSION AND ROUTING OF SECURE, CONFIDENTIAL FINANCIAL MESSAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION, THROUGH MEMBERSHIP IN SWIFT, (I) PROMOTES THE COMMON BUSINESS INTERESTS OF BANKS, SECURITIES INSTITUTIONS, CORPORATIONS AND OTHERS IN THE UNITED STATES ENGAGED IN THE TRANSMISSION AND ROUTING OF SECURE, CONFIDENTIAL FINANCIAL MESSAGES; (II) TO REPRESENT AND ADVANCE THE INTERESTS OF THE CORPORATION AND ITS MEMBERS TO AND WITHIN THE GOVERNANCE STRUCTURE OF THE SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION (SWIFT); (III) TO COMMUNICATE AND INTERACT WITH OTHER NATIONAL AND INTERNATIONAL ORGANIZATIONS WITH RESPECT TO STANDARDS FOR FINANCIAL MESSAGING AND TRANSACTION TECHNOLOGY; (IV) THROUGH IMPROVEMENT AND STANDARDIZATION OF FINANCIAL MESSAGING AND TRANSACTION TECHNOLOGY, TO LOWER THE COST OF AND REDUCE THE RISK ASSOCIATED WITH FINANCIAL TRANSACTIONS, THEREBY FACILITATING BUSINESS OPERATIONS IN GENERAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS OF JANUARY 1, 2017, THE GROUP HAS ENGAGED JJM & PM LTD. TO PROVIDE DAY- TO-DAY MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE GROUP, AS SPECIFIED FROM TIME TO TIME BY THE SWIFT STEERING COMMITTEE, NECESSARY TO THE OPERATION OF SWIFT. DTSJ, INC., WHO PREVIOUSLY PROVIDED THE DAY-TO-DAY MANAGEMENT AND ADMINISTRATIVE SERVICES, HAS BEEN RETAINED BY THE GROUP TO PROVIDE PERIODIC MANAGEMENT AND ADMINISTRATIVE SERVICES, AS SPECIFIED FROM TIME TO TIME BY THE SWIFT STEERING COMMITTEE, NECESSARY TO THE OPERATION OF SWIFT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS MEMBERS. THE ORGANIZATION'S BYLAWS PROVIDE THAT THE MEMBERS SHALL HAVE THE RIGHT TO VOTE FOR OR ON ANY MATTER UNDER THE BYLAWS, INCLUDING BUT NOT LIMITED TO, THE RIGHT TO VOTE FOR THE ELECTION OF A DIRECTOR OR DIRECTORS, OR ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, OR ON A DISSOLUTION, OR ON ANY CHANGES TO THE ARTICLE OF INCORPORATION OR THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ESTABLISH THE POLICIES GOVERNING THE CONDUCT OF ELECTIONS. AT THE QUARTERLY MEETINGS A MAJORITY OF THE VOTING MEMBERS PRESENT AND VOTING SHALL ELECT SUCH NUMBER OF DIRECTORS AS NECESSARY TO FILL VACANCIES OF DIRECTORS WHOSE TERMS EXPIRE AS OF SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ELECTRONIC DRAFT COPIES ARE SENT TO THE USNG STEERING COMMITTEE CHAIR OF THE ORGANIZATION FOR DISSEMINATION TO THE STEERING COMMITTEE WITH WRITTEN INSTRUCTIONS TO REVIEW AND APPROVE THE FORM IN ACCORDANCE WITH IRS REGULATIONS. WRITTEN COMMENTS AND QUESTIONS BY THE BOARD, IF ANY, ARE SENT TO THE ACCOUNTANT FOR RESPONSES. OTHERWISE, THE FORM IS VOTED ON AND APPROVED AT THE SUBSEQUENT STEERING COMMITTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY MEMBER OF THE GENERAL PUBLIC MAY, UPON WRITTEN REQUEST, INSPECT COPIES OF: ASSOCIATION GOVERNING DOCUMENTS FINANCIAL STATEMENTS FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/USAddress/AddressLine1Txt04 NEW YORK PLAZA NY1-E038
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010004
IRS990/VotingMembersGoverningBodyCnt012
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THEODORE ROTHSCHILD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02125522536
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SWIFT US NATIONAL GROUP
ReturnHeader/Filer/BusinessNameControlTxt0SWIF
ReturnHeader/Filer/EIN0900897610
ReturnHeader/Filer/PhoneNum02125522536
ReturnHeader/Filer/USAddress/AddressLine1Txt04 NEW YORK PLAZA NY1-E038
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222212404
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARATZ & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 EVES DRIVE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARLTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0080533196
ReturnHeader/PreparerPersonGrp/PhoneNum08569855688
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN M GREEN CPA
ReturnHeader/ReturnTs02021-11-15T09:41:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THEODORE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROTHSCHILD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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