New York Clearing House Association in New York, New York (NY)

Organization representatives - add corrected or new information about New York Clearing House Association »

Non-representatives - add comments about New York Clearing House Association»

New York Clearing House Association
Employer Identification Number (EIN)135272860
Name of OrganizationNew York Clearing House Association
Address450 W 33rd St, New York, NY 10001-2603
ActivitiesOther services or benefits to members or employees
SubsectionBoard of Trade
Ruling Date06/1947
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$22,645,161
Amount of Income$37,590,080
Form 990 Revenue Amount$15,261,033
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Professional Societies, Associations


Non-representatives - add comments:


CAPTCHA

Your IP address 18.119.158.110 will be logged.

Amount of income in 2013: $37,590,080
This organization: 

 $37,590,080
Other organizations performing similar types of work: 

 $2,807,232

Assets in 2013: $22,645,161
This organization: 

 $22,645,161
Other organizations performing similar types of work: 

 $5,004,095

Expenses in 2012: $17,584,512
New York Clearing House Association: 

 $17,584,512
Other organizations performing similar types of work: 

 $2,976,880

Income to expenses ratio in 2012: 2.1
This organization: 

 2.1
Other organizations performing similar types of work: 

 1.1

Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$13,903,122
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$12,306,005
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$382,910
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$538,052
Gross amount from sales of assets other than inventory (Securities / Other)$15,181,858 / $0
Less: cost or other basis and sales expenses (Securities / Other)$14,643,806 / $0
Gain or (loss) (Securities / Other)$538,052 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$676,155
Statement of Functional Expenses (for 2012)
Total functional expenses$17,584,512
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$17,584,512
Balance Sheet (for 2012)
Total assets$26,233,807
Total liabilities$4,423,005
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,423,005
Total net assets or fund balances$21,810,802
Retained earnings, endowment, accumulated income, or other funds$21,810,802
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022004200520062007
Total revenue$1,706,240$2,714,210$2,060,461$12,706,276$4,715,305$5,605,974$5,846,605
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$2,265,136$2,431,442$554,924$8,336,823$0$0$0
Membership dues and assessments$2,043,565$2,542,804$2,269,531$3,290,789$3,281,420$3,413,164$3,470,548
Interest on savings and temporary cash investments$12,219$13,927$3,432$0$0$0$0
Dividends and interest from securities$491,417$132,014$349,593$525,512$633,913$809,615$835,811
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$-3,181,092$-1,622,869$-275,890$95,524$0$0$0
Gain or (loss) from sales of assets other than inventory$-254,831$-1,056,067$-1,055,938$359,514$799,972$1,383,195$1,540,246
Gross amount from sales of assets other than inventory$33,879,664$5,729,103$29,918,820$8,928,030$3,867,754$3,613,843$3,662,244
Less: cost or other basis and sales expenses$34,134,495$6,785,170$30,974,758$8,568,516$3,067,782$2,230,648$2,121,998
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$329,826$272,959$214,809$98,114$0$0$0
Total expenses$5,746,758$6,253,203$4,095,010$12,648,768$4,543,887$4,994,317$5,068,807
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$28,917,642$24,885,351$25,841,320$33,005,827$33,256,124$34,503,359$34,234,092
Excess or (deficit) for the year$-4,040,518$-3,538,993$-2,034,549$57,508$171,418$611,657$777,798
Net assets or fund balances at beginning of year$35,267,064$28,917,642$24,885,351$26,384,873$33,005,827$33,256,124$34,503,359
Other changes in net assets or fund balances$-2,308,904$-493,298$2,990,518$6,563,446$78,879$635,578$-1,047,065
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,068,807$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$5,068,807$0$0$0
Balance Sheets
2000200120022004200520062007
Total assets$30,119,020$25,743,111$26,850,996$33,815,871$34,087,279$35,410,091$35,268,954
Cash - non-interest-bearing$112,769$1,922$1,318$12,496$410$14,208$8,296
Savings and temporary cash investments$1,213,912$418,442$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$512,075$261,877$119,015$187,090$225,510$35,169$86,729
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$5,500,000$5,500,000$5,750,000$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$61,500$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$15,406,596$13,871,571$15,317,254$22,550,578$22,795,652$24,295,007$24,108,222
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$7,268,118$5,645,249$5,619,359$11,021,657$11,021,657$11,021,657$11,021,657
Land, buildings, and equipment less accumulated depreciation$44,050$44,050$44,050$44,050$44,050$44,050$44,050
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$1,201,378$857,760$1,009,676$810,044$831,155$906,732$1,034,862
Accounts payable and accrued expenses$1,139,878$857,760$1,009,676$810,044$831,155$906,732$1,034,862
Grants payable$0$0$0$0$0$0$0
Deferred revenue$61,500$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$30,119,020$25,743,111$26,850,996$33,815,871$34,087,279$35,410,091$35,268,954
Total net assets or fund balances$28,917,642$24,885,351$25,841,320$33,005,827$33,256,124$34,503,359$34,234,092
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022004200520062007
Total revenue$1,706,240$2,714,210$2,060,461$12,706,276$4,715,305$5,605,974$5,846,605
Total revenue, gains, and other support per audited financial statements$36,104,993$49,861,580$45,369,535$81,982,092$86,777,233$94,020,594$96,003,648
Other expenses$31,454,630$45,517,111$44,497,559$69,469,454$82,061,928$88,414,620$90,157,043
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$31,454,630$45,517,111$44,497,559$69,469,454$82,061,928$88,414,620$90,157,043
Other revenue$-2,944,123$-1,630,259$1,188,485$193,638$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$-2,944,123$-1,630,259$1,188,485$193,638$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022004200520062007
Total expenses$5,746,758$6,253,203$4,095,010$12,648,768$4,543,887$4,994,317$5,068,807
Total expenses and losses per audited financial statements$39,969,639$57,054,033$47,193,424$77,978,551$81,239,367$87,160,142$94,860,192
Other revenue$39,931,582$57,000,076$48,555,846$77,917,871$81,176,625$87,079,111$94,777,645
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$39,931,582$57,000,076$48,555,846$77,917,871$81,176,625$87,079,111$94,777,645
Other expenses$5,708,701$6,199,246$5,457,432$12,588,088$4,481,145$4,913,285$4,986,260
Investment expenses$0$6,199,246$0$0$0$0$0
Other$5,708,701$0$5,457,432$12,588,088$4,481,145$4,913,285$4,986,260
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings11
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,376,057$3,470,548
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$3,470,548
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$835,811$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,540,246$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend New York Clearing House Association to others? (optional)
  
Add photo of New York Clearing House Association (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Bankers Association1120 Connecticut Ave Nw, Washington, DC 20036-3902DC1977-08$118,642,968
2Independent Community Bankers Of America518 Lincoln Rd, Sauk Centre, MN 56378-2001MN1944-05$38,266,407
3New York Clearing House Association450 W 33rd St, New York, NY 10001-2603NY1947-06$37,590,080
4Risk Management Association1801 Market St Ste 300, Philadelphia, PA 19103-1613PA1934-06$27,941,522
5World Council Of Credit Unions Inc5710 Mineral Point Rd, Madison, WI 53705-4454WI1971-11$21,914,962
6National Association Of Federal Credit Unions Inc3138 North 10th Street, Arlington, VA 22201-2160VA1972-08$18,926,308
7Iowa Credit Union League1500 Nw 118th St, Des Moines, IA 50325-8242IA1944-08$14,171,210
8Credit Union Executives Society, Wisconsin Council Of The Credit Union Executives Society5325 High Crossiing Blvd, Madison, WI 53718WI1984-09$12,246,011
9California Bankers Assoc1303 J St Ste 600, Sacramento, CA 95814-2939CA1942-09$10,217,355
10California Credit Union League2855 E Guasti Rd Ste 600, Ontario, CA 91761-1250CA1952-06$10,071,015
11Michigan Credit Union League38695 7 Mile Rd Ste 200, Livonia, MI 48152-7097MI1944-01$9,875,051
12Stichting Womens World Banking8 West 40th Street 10th Floor, New York, NY 10018-3902NY1982-04$9,647,131
13Cornerstone Credit Union League4455 Lbj Freeway Ste 1100, Farmers Branch, TX 75244-5998TX1947-06$9,555,723
14Massachusetts Bankers Association IncOne Washington Mall, Boston, MA 02108-2616MA1954-11$7,818,863
15New York Bankers Association Inc99 Park Ave Frnt 4, New York, NY 10016-1501NY1987-06$6,827,693
16Tennessee Bankers Association Incorporated211 Athens Way, Nashville, TN 37228-1371TN1942-09$6,654,719
17Pennsylvania Credit Union Association4309 N Front St, Harrisburg, PA 17110-1618PA1986-12$5,975,857
18Pennsylvania Bankers Association3897 N Front St, Harrisburg, PA 17110-1535PA1952-07$4,772,744
19Credit Union Association Of New York IncPO BOX 15118, Albany, NY 12212-5118NY1991-07$3,118,486
20Cfa Society Of Louisville312 Sage Road, Louisville, KY 40207KY2014-09$48,962
Number of organizations performing similar types of work
Alabama1
Arkansas2
Arizona1
California3
Colorado1
District of Columbia1
Florida1
Georgia1
Iowa2
Illinois1
Indiana1
Kentucky2
Louisiana1
Massachusetts1
Maryland1
Maine1
Michigan2
Minnesota2
Missouri2
North Carolina1
North Dakota1
Nebraska1
New Jersey1
New York4
Ohio2
Oregon1
Pennsylvania4
South Carolina1
South Dakota1
Tennessee1
Texas4
Utah1
Virginia1
Washington2
Wisconsin3
Total56

NonProfitFacts.com is not associated with, endorsed by, or sponsored by New York Clearing House Association and has no official or unofficial affiliation with New York Clearing House Association