2025-11-13T22:59:27-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-01-01 135272860 THE CLEARING HOUSE ASSOCIATION LLC CLEA 2126130100 1114 AVENUE OF THE AMERICAS 17TH F NEW YORK NY 10036 DARRELL WALSH CFO 2126130100 2025-11-13 1 0 MARY TORRETTA P00847851 7038477500 2025-11-13 2024 2025-03-06 01:10:19Z DAVID WATSON 1114 AVENUE OF THE AMERICAS 17TH FL NEW YORK NY 10036 5306563 0 X THECLEARINGHOUSE.ORG X LLC 1998 DE NONPARTISAN ADVOCACY ORGANIZATION REPRESENTING THE BANKING INDUSTRY (SEE SCHEDULE O) 22 22 0 22 0 0 0 0 5276220 5227775 0 3874 0 0 5276220 5231649 0 0 0 0 759586 1018370 0 0 0 2703821 2852170 3463407 3870540 1812813 1361109 12207545 15364179 1338459 2841904 10869086 12522275 X SEE SCHEDULE O 0 0 THE CLEARING HOUSE ASSOCIATION L.L.C IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS THE INTERESTS OF ITS MEMBER BANKS AND THE BROADER BANKING INDUSTRY BY DEVELOPING AND PROMOTING POLICIES TO SUPPORT A SAFE, SOUND, AND COMPETITIVE BANKING SYSTEM THAT SERVES CUSTOMERS, COMMUNITIES, AND SUPPORTS ECONOMIC GROWTH. 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 X 22 22 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 X DARRELL WALSH 2126130100 1114 AVENUE OF THE AMERICAS 17TH FL NEW YORK NY 10036 CYNTHIA ADAMS SUPERVISOR DIR GEN COUNSEL, THE TORONTO-DOMINION BANK 1.00 1.00 X 0 0 0 JAMES CHOSY SUPERVISORY DIR EVP, GEN COUNSEL AND SEC, U.S. BANK NATIONAL ASSOC 1.00 1.00 X 0 0 0 MATT COOPER SUPERVISORY DIR GEN COUNSEL, CAPITAL ONE, NATIONAL ASSOCIATION 1.00 1.00 X 0 0 0 TIMOTHY COX SUPERVISORY DIR US GEN COUNSEL & CRO, BMO BANK NATIONAL ASSOCIATIO 1.00 1.00 X 0 0 0 STACEY FRIEDMAN SUPERVISORY DIR GEN COUNSEL, JPMORGAN CHASE BANK, NATIONAL ASSOCIA 1.00 1.00 X 0 0 0 VON HAYS SUPERVISORY DIR CLO/GEN COUNSEL, COMERICA BANK 1.00 1.00 X 0 0 0 MARCY HINGST SUPERVISORY DIR GEN COUNSEL, THE HUNTINGTON NATIONAL BANK 1.00 1.00 X 0 0 0 POLLY KLANE SUPERVISORY DIR GEN COUNSEL & CLO, CITIZENS BANK, NATIONAL ASSOCIA 1.00 1.00 X 0 0 0 CRYSTAL LALIME SUPERVISORY DIR GEN COUNSELOF CORPORATE AND INVESTMENT BANK AND B 1.00 1.00 X 0 0 0 LAURA LONG SUPERVISORY DIR EVP & CAO, PNC BANK, NATIONAL ASSOCIATION 1.00 1.00 X 0 0 0 J KEVEN MCCARTHY SUPERVISORY DIR GEN COUNSEL, THE BANK OF NEW YORK MELLON 1.00 1.00 X 0 0 0 BRENT MCINTOSH SUPERVISORY DIR GEN COUNSEL & CORPORATE SECRETARY, CITIBANK, N.A. 1.00 1.00 X 0 0 0 LAUREN MOGENSEN SUPERVISORY DIR GLOBAL GEN COUNSEL, BANK OF AMERICA, NATIONAL ASSO 1.00 1.00 X 0 0 0 LAURA O'HARA SUPERVISORY DIR GEN COUNSEL, MANUFACTURERS AND TRADERS TRUST COMPA 1.00 1.00 X 0 0 0 ELLEN PATTERSON SUPERVISORY DIR CHAIR, SEVP & GEN COUNSEL, WELLS FARGO BANK, NATIO 1.00 1.00 X 0 0 0 KAREN PELZER SUPERVISORY DIR GEN COUNSEL, DEUTSCHE BANK TRUST COMPANY AMERICAS 1.00 1.00 X 0 0 0 TARA ANN PLIMPTON SUPERVISORY DIR SEVP, GEN COUNSEL & CORP SEC EXECUTIVE COUNCIL AND 1.00 1.00 X 0 0 0 SCOTT STENGEL SUPERVISORY DIR CLO, HEAD OF GOV AFFAIRS & CORP SEC, TRUIST BANK 1.00 1.00 X 0 0 0 CURTIS TAO SUPERVISORY DIR SEVP & GEN COUNSEL, HSBC BANK USA, NATIONAL ASSOCI 1.00 1.00 X 0 0 0 JAMES WATERS SUPERVISORY DIR GEN COUNSEL & CORPORATE SEC, KEYBANK NATIONAL ASSO 1.00 1.00 X 0 0 0 BRIAN YOSHIDA SUPERVISORY DIR CLO, BANCO SANTANDER, SA 1.00 1.00 X 0 0 0 SUSAN ZAUNBRECHER SUPERVISORY DIR EVP-CLO & BOARD SEC, FIFTH THIRD BANK, NATIONAL AS 1.00 1.00 X 0 0 0 DAVID WATSON CEO 2.00 33.00 X 0 2352639 135791 DARRELL WALSH CFO 3.00 32.00 X 0 718409 69246 STEPHANIE HELLER EVP GENERAL COUNSEL 7.00 28.00 X 0 1163984 123725 RODNEY ABELE VP DIRECTOR OF LEGISLATIVE & REGULATORY AFFAIRS 35.00 0.00 X 0 390843 29779 0 4625875 358541 0 0 1 0 ALSTON & BIRD LLP ONE ATLANTIC CENTER ATLANTA GA 303093424 LEGAL SERVICES 385720 SIDLEY AUSTIN LLP 1501 K STREET NW WASHINGTON DC 20005 LEGAL SERVICES 177478 2 MEMBER BANK ASSOC FEES 900099 3300000 3300000 ANNUAL BUSINESS CONFER 900099 1927775 1927775 5227775 9015 9015 69773 74914 -5141 -5141 -5141 5231649 5227775 0 3874 985179 33191 838715 118319 53091 7582 18863 1916 17069 1490653 120119 84295 SERVICE FEES 99180 2368 3870540 4467381 7881732 275463 79802 510439 573643 1782221 1566213 341268 216008 6612994 6612994 12207545 15364179 1338459 2841904 1338459 2841904 X 10869086 12522275 10869086 12522275 12207545 15364179 X 1361109 292030 X 0 1 X 1 0 0 0 0 3300000 131761 131761 56100 75661 405688 405688 0 383840 252825 131015 992693 907700 84993 216008 INVESTMENTS IN THE CLEARING HOUSE PAYMENTS COMPANY L.L.C. 6612994 6612994 5314816 0 5314816 -83167 -83167 5231649 3953657 83167 83167 3870490 0 3870490 PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGES IN FAIR VALUE OF DEFERRED COMPENSATION INVESTMENTS -78,026. IMPAIRMENT LOSS REPORTED WITH REVENUE FOR FORM 990 -5,141. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN FAIR VALUE OF DEFERRED COMPENSATION INVESTMENTS 78,026. IMPAIRMENT LOSS REPORTED WITH REVENUE FOR FORM 990 5,141. 0 1 0 DAVID WATSON CEO 0 728961 0 1621428 0 2250 0 71562 0 64229 0 2488430 0 0 STEPHANIE HELLER EVP GENERAL COUNSEL 0 497543 0 661400 0 5041 0 64822 0 58903 0 1287709 0 0 DARRELL WALSH CFO 0 311553 0 403760 0 3096 0 32500 0 36746 0 787655 0 0 RODNEY ABELE VP DIRECTOR OF LEGISLATIVE & REGULAT 0 287000 0 102900 0 943 0 28700 0 1079 0 420622 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN SPONSORED BY THE CLEARING HOUSE PAYMENTS COMPANY L.L.C., A RELATED FOR-PROFIT ORGANIZATION: STEPHANIE HELLER - $31,791, AND DAVID WATSON - $40,500. THE AMOUNTS REPORTED ABOVE REPRESENT EMPLOYER CONTRIBUTIONS TO THE PLAN MADE ON BEHALF OF THE VII AND SCHEDULE J, PART II. SCHEDULE J, PART II: THE OFFICERS / KEY EMPLOYEES OF THE FILING ORGANIZATION ARE ALSO OFFICERS / KEY EMPLOYEES OF A RELATED CORPORATION, THE CLEARING HOUSE PAYMENTS COMPANY L.L.C. ALL COMPENSATION OF THE OFFICERS / KEY EMPLOYEES IS PAID BY THE RELATED ORGANIZATION. FORM 990, PART 1, LINE 1: THE CLEARING HOUSE ASSOCIATION L.L.C. IN A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS THE INTERESTS OF ITS MEMBER BANKS AND THE BROADER BANKING INDUSTRY BY DEVELOPING AND PROMOTING POLICIES TO SUPPORT A SAFE, SOUND, AND COMPETITIVE BANKING SYSTEM THAT SERVES CUSTOMERS, COMMUNITIES, AND SUPPORTS ECONOMIC GROWTH. FORM 990, PART III, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: THE CLEARING HOUSE ASSOCIATION L.L.C. IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS THE INTERESTS OF ITS MEMBER BANKS AND THE BROADER BANKING INDUSTRY BY DEVELOPING AND PROMOTING POLICIES THAT SUPPORT A SAFE, SOUND, AND COMPETITIVE BANKING SYSTEM THAT SERVES CUSTOMERS, COMMUNITIES, AND SUPPORTS ECONOMIC GROWTH. FORM 990, PART IV, LINE 34 THE MEMBERSHIPS OF THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) AND THE CLEARING HOUSE PAYMENTS COMPANY L.L.C. (PAYCO) SUBSTANTIALLY OVERLAP SUCH THAT THE ASSOCIATION AND PAYCO ARE CONSIDERED BROTHER/SISTER ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 1A THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) HAS TWO BOARDS OF DIRECTORS: A SUPERVISORY BOARD OF DIRECTORS (SUPERVISORY BOARD) AND A MANAGING BOARD OF DIRECTORS (MANAGING BOARD). EACH MEMBER OF THE ASSOCIATION MAY APPOINT ONE REPRESENTATIVE TO EACH BOARD. UNDER THE ASSOCIATION'S LLC AGREEMENT, THE ASSOCIATION'S BUSINESS AND AFFAIRS ARE MANAGED BY OR UNDER THE DIRECTION OF THE SUPERVISORY BOARD. FOR THIS REASON, THE ASSOCIATION TREATS THE SUPERVISORY BOARD AS GOVERNING BODY FOR PURPOSES OF FORM 990. THE MANAGING BOARD REPORTS TO THE SUPERVISORY BOARD AND HAS CERTAIN RESPONSIBILITIES FOR OVERSEEING THE ASSOCIATION'S BUSINESS AND FINANCIAL PERFORMANCE AND FOR ESTABLISHING THE ASSOCIATION'S STRATEGIC AGENDA. FORM 990, PART VI, SECTION A, LINE 2 THE OFFICERS/KEY EMPLOYEES OF THE FILING ORGANIZATION ARE ALSO OFFICERS/KEY EMPLOYEES OF A RELATED CORPORATION, THE CLEARING HOUSE PAYMENTS COMPANY L.L.C. ALL COMPENSATION OF THE OFFICERS/KEY EMPLOYEES IS PAID BY THE RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE CLEARING HOUSE ASSOCIATION L.L.C. HAS A SINGLE CLASS OF MEMBERS AS PRESCRIBED IN ITS LLC AGREEMENT. FORM 990, PART VI, SECTION A, LINE 7A THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) HAS TWO BOARDS OF DIRECTORS: A SUPERVISORY BOARD OF DIRECTORS (SUPERVISORY BOARD) AND A MANAGING BOARD OF DIRECTORS (MANAGING BOARD). EACH MEMBER OF THE ASSOCIATION MAY APPOINT ONE REPRESENTATIVE TO EACH BOARD. UNDER THE ASSOCIATION'S LLC AGREEMENT, THE ASSOCIATION'S BUSINESS AND AFFAIRS ARE MANAGED BY OR UNDER THE DIRECTION OF THE SUPERVISORY BOARD. FOR THIS REASON, THE ASSOCIATION TREATS THE SUPERVISORY BOARD AS GOVERNING BODY FOR PURPOSES OF FORM 990. THE MANAGING BOARD REPORTS TO THE SUPERVISORY BOARD AND HAS CERTAIN RESPONSIBILITIES FOR OVERSEEING THE ASSOCIATION'S BUSINESS AND FINANCIAL PERFORMANCE AND FOR ESTABLISHING THE ASSOCIATION'S STRATEGIC AGENDA. FORM 990, PART VI, SECTION B, LINE 11B THE 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS. THE RETURN IS PREPARED BY GRANT THORNTON ADVISORS LLC AND REVIEWED BY THE CHIEF FINANCIAL OFFICER BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 ALTHOUGH THE GOVERNING BODY OF THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) HAS NOT ADOPTED A WRITTEN CONFLICT-OF-INTEREST POLICY FOR THE ASSOCIATION PER SE, THE ASSOCIATION'S RELATED ORGANIZATION, THE CLEARING HOUSE PAYMENTS COMPANY L.L.C., HAS DONE SO IN ITS WRITTEN CODE OF CONDUCT, AND THAT POLICY APPLIES TO ASSOCIATION MATTERS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE EXTENT REQUIRED BY LAW. FORM 990, PART VI, SECTION B, LINE 13 ALTHOUGH THE GOVERNING BODY OF THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) HAS NOT ADOPTED A WRITTEN WHISTLEBLOWER POLICY FOR THE ASSOCIATION PER SE, THE ASSOCIATION'S RELATED ORGANIZATION, THE CLEARING HOUSE PAYMENTS COMPANY L.L.C., HAS DONE SO IN ITS WRITTEN CODE OF CONDUCT, AND THAT POLICY APPLIES TO ASSOCIATION MATTERS. FORM 990, PART VI, SECTION B, LINE 14 ALTHOUGH THE GOVERNING BODY OF THE CLEARING HOUSE ASSOCIATION L.L.C. (ASSOCIATION) HAS NOT ADOPTED A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FOR THE ASSOCIATION PER SE, THE ASSOCIATION'S RELATED ORGANIZATION, THE CLEARING HOUSE PAYMENTS COMPANY L.L.C., HAS DONE SO, AND THAT POLICY APPLIES TO ASSOCIATION MATTERS. FORM 990, PART XI, LINE 9: CUMULATIVE DIVIDEND PAID OR DECLARED ON CLASS A PREFERRED INTERESTS 292,030. THE CLEARING HOUSE PAYMENTS COMPANY LLC 1114 AVE OF THE AMERICAS NEW YORK NY 10036 841650027 BANK CLEARING DE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0