Bloomington, IN
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Sign In — Free (10 views/day)PAYMENTS ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $232K in total revenue in fiscal year 2023. The organization ran a surplus of $78K, a strong 34% operating margin.
The mission of The Payments Academy is to provide education and support to colleges and universities in their operations that are supported by making and receiving payments from all sources. We fulfill this role through three programs: (1) Annual Conference, (2) Webinars, and (3) our Website.
1. Annual Conference: May 7-10, 2023 - Indianapolis, Indiana. 125 personnel representing 100 colleges and universities in attendance. These practitioners shared their practices and accomplishments in...
1. Annual Conference: May 7-10, 2023 - Indianapolis, Indiana. 125 personnel representing 100 colleges and universities in attendance. These practitioners shared their practices and accomplishments in support of their institutions' missions. Since colleges and universities can be compared to the commerce activities of a city they face enormous challenges in not only all the functions of making and receiving payments from hundreds of entities, but also in the security of those payments. In addition to university personnel, vendors in this space also give presentations on their supporting products and services.
The Payments Academy Website: We have continued to build out the site to provide content for our college and university constituents to enable them to advance their understanding and effectiveness in...
The Payments Academy Website: We have continued to build out the site to provide content for our college and university constituents to enable them to advance their understanding and effectiveness in their profession. We advertise the Annual Workshop, provide the capability for registration, and links for submission of program proposals.
Webinars: We established a platform for educational webinars to begin in 2024. These webinar program will be provided by certain vendors on topics of interest to college and university employees...
Webinars: We established a platform for educational webinars to begin in 2024. These webinar program will be provided by certain vendors on topics of interest to college and university employees. This was announced at the end of 2023, but expenses will not be incurred until 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $231,546 | N/A | N/A |
| Expenses | $153,453 | N/A | N/A |
| Net Income | $78,093 | $0 | N/A |
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Liquidity & Cash Position
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Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ronald King | President | 10 |
Officer
Director
Key Emp
|
$0 | $0 | $0 |
| Ruth Harpool | Secretary-Treasurer | 10 |
Officer
Director
Key Emp
|
$0 | $0 | $0 |
| Theresa Mimms | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $231,546 | $153,453 | $106,404 | $78,093 |
Compare PAYMENTS ACADEMY INC with other nonprofits in Indiana and across the country.