CONFERENCE OF STATE BANK SUPERVISORS INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CONFERENCE OF STATE BANK SUPERVISORS INC (EIN 52-2080072)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201203199349307315
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T20:05:58-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521855942 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522080072 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONFERENCE OF STATE BANK SUPERVISORS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CONF | NameControl |
| Phone | 2022962840 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS E HARLOW | Name |
| Title | EXEC VP - FINANCE & ADMIN | Title |
| Phone | 2022962840 | Phone |
| Date Signed | 2012-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN G FUNK | Name |
| PTIN | P01213459 | PTIN |
| Phone | 2022932200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CSBS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN W RYAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 82714163 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CSBS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM; ENHANCING CONSUMER PROTECTION; ENSURING SAFETY AND SOUNDNESS; PROMOTING ECONOMIC GROWTH; AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 20 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 72233955 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 81792909 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 33858 | InvestmentIncomePriorYear |
| Investment Income Current Year | -15317 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 331777 | OtherRevenuePriorYear |
| Other Revenue Current Year | 893727 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 72599590 | TotalRevenuePriorYear |
| Total Revenue Current Year | 82671319 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 511000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1911000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6762235 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7056602 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 80658 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 48652149 | OtherExpensePriorYear |
| Other Expenses Current Year | 51368268 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 55925384 | TotalExpensesPriorYear |
| Total Expenses Current Year | 60335870 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 16674206 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 22335449 | RevenuesLessExpensesCY |
| Total Assets BOY | 37661063 | TotalAssetsBOY |
| Total Assets EOY | 59545327 | TotalAssetsEOY |
| Total Liabilities BOY | 16763546 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17612361 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 20897517 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 41932966 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM AND STATE FINANCIAL REGULATION AND BENEFIT THE PUBLIC BY ENSURING SAFETY AND SOUNDNESS, PROMOTING ECONOMIC GROWTH AND CONSUMER PROTECTION, AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY.THE STATE BANKING DEPARTMENTS REGULATE VARIOUS TYPES OF FINANCIAL ACTIVITY WITHIN THEIR JURISDICTIONS, INCLUDING INSURED DEPOSITORY INSTITUTIONS SUCH AS BANKS, CREDIT UNIONS AND THRIFTS, MORTGAGE LENDERS, CONSUMER FINANCE LENDERS, PAYDAY LENDERS, CHECKER CASHERS, AND MONEY SERVICES BUSINESSES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 52714981 | Expense |
| Grants | 0 | Grants |
| Revenue | 76782646 | Revenue |
| Description | THE LARGEST PROGRAM IS THE ONGOING OPERATION OF THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS). NMLS IS A WEB-BASED SYSTEM THAT ALLOWS STATE-LICENSED NON-DEPOSITORY COMPANIES, BRANCHES, AND INDIVIDUALS IN THE MORTGAGE, CONSUMER LENDING, MONEY SERVICES BUSINESSES, AND DEBT COLLECTION INDUSTRIES TO APPLY FOR, AMEND, UPDATE, OR RENEW A LICENSE ONLINE FOR ALL PARTICIPATING STATE AGENCIES USING A SINGLE SET OF UNIFORM APPLICATIONS. MORTGAGE LOAN ORIGINATORS EMPLOYED BY INSURED DEPOSITORY INSTITUTIONS ARE ALSO REGISTERED THROUGH NMLS. NMLS BRINGS GREATER UNIFORMITY AND TRANSPARENCY TO THESE NON-DEPOSITORY FINANCIAL SERVICES INDUSTRIES WHILE MAINTAINING AND STRENGTHENING THE ABILITY OF STATE REGULATORS TO MONITOR THESE INDUSTRIES AND PROTECT THEIR CITIZENS. NMLS BEGAN OPERATIONS ON JANUARY 2, 2008.THE STATE REGULATORY REGISTRY LLC (SRR), A WHOLLY OWNED SUBSIDIARY OF CSBS, OPERATES NMLS ON BEHALF OF STATE REGULATORS. CSBS, IN COOPERATION WITH THE AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS, ESTABLISHED SRR IN SEPTEMBER 2006.THE SECURE AND FAIR ENFORCEMENT OF MORTGAGE LICENSING ACT OF 2008 (THE SAFE ACT) INTRODUCED REQUIREMENTS FOR MORTGAGE LICENSEES, SUCH AS CRIMINAL BACKGROUND CHECKS, A CREDIT HISTORY REVIEW, PRE-LICENSURE EDUCATION REQUIREMENTS, AND BOTH A NATIONAL AND STATE-SPECIFIC TEST COMPONENTS EACH APPLICANT MUST PASS TO OBTAIN A LICENSE. IN 2011, ADDITIONAL FUNCTIONALITY WAS ADDED TO NMLS TO IMPLEMENT THE REMAINING MANDATES CONTAINED IN THE SAFE ACT, INCLUDING:--> THE REGISTRATION THROUGH NMLS OF ALL MORTGAGE LOAN ORIGINATORS AFFILIATED WITH AN INSURED DEPOSITORY INSTITUTION. REGISTRATION OF THESE INDIVIDUALS WAS COMPLETED ON JULY 29, 2011.--> THE DEVELOPMENT OF THE NMLS MORTGAGE CALL REPORT, REQUIRING MORTGAGE LICENSEES TO SUBMIT INFORMATION REPORTS CONTAINING QUARTERLY FINANCIAL AND ORIGINATION DATE THROUGH NMLS.--> THE ABILITY FOR STATE REGULATORS TO ENTER INTO AN NMLS RECORD ANY PUBLIC ENFORCEMENT ACTIONS TAKEN AGAINST MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS (MLOS) IN NMLS. STATES BEGAN ENTERING THIS INFORMATION IN OCTOBER 2011.MAJOR MILESTONES ACHIEVED BY THE STATES, SRR, AND NMLS DURING 2011 INCLUDE:--> THE NMLS FEDERAL REGISTRY BECAME FULLY OPERATIONAL ON JANUARY 31, 2011, AND BY YEAR-END CONTAINED REGISTRATIONS FOR 11,081 INSTITUTIONS AND 375,654 REGISTERED MLOS.--> MAJOR FUNCTIONALITY WAS ADDED TO NMLS, INCLUDING THE SUBMISSION OF QUARTERLY MORTGAGE CALL REPORTS, ABILITY FOR STATE REGULATORS TO POST PUBLIC REGULATORY ACTIONS IN NMLS, CREDIT CHECK CAPABILITY FOR CONTROL PERSONS, QUALIFYING INDIVIDUALS AND BRANCH MANAGERS, AND THE ABILITY TO REQUIRE THE COMPLETION OF TESTING AND EDUCATION REQUIREMENTS PRIOR TO SUBMISSION OF A LICENSE APPLICATION.--> NMLS ADMINISTERED MORE THAN 130,000 TESTS (NATIONAL AND STATE TEST COMPONENTS) IN 2011, BRINGING THE TOTAL ADMINISTERED SINCE JULY 2009 TO MORE THAN 525,000 TESTS.--> NMLS CONTINUED TO MANAGE EXISTING AND APPROVE NEW COURSE PROVIDERS. BY THE END OF 2011, 170 COURSE PROVIDERS AND 1,200 PRE-LICENSURE AND CONTINUING EDUCATION COURSES WERE APPROVED BY NMLS, AND CLOSE TO 1.5 MILLION HOURS OF EDUCATION WERE DELIVERED THROUGH NMLS-APPROVED COURSES.--> THE MORTGAGE TESTING AND EDUCATION BOARD (MTEB) CONDUCTED NUMEROUS INVESTIGATIONS CONCERNING MLO TESTING AND EDUCATION MATTERS AND COURSES AND PROVIDERS, AND THE GROUNDWORK FOR THE DEVELOPMENT OF A UNIFORM STATE TEST COMPONENT WAS COMPLETED.--> SRR HELD TWO PUBLIC INDUSTRY MEETINGS WITH THE NMLS OMBUDSMAN.--> NMLS MANAGED 152,903 UNIQUE ENTITIES (COMPANIES, BRANCHES AND MLOS) WHICH HELD 288,170 STATE LICENSES FROM THE 58 PARTICIPATING STATE AGENCIES.--> FIVE STATE MORTGAGE REGULATORY AGENCIES RECEIVED CERTIFICATES OF ACCREDITATION BY THE CSBS/AARMR MORTGAGE ACCREDITATION PROGRAM. SUCH AGENCIES ARE CONSIDERED COMPLIANT WITH THE SAFE ACT SUPERVISORY PERFORMANCE STANDARDS UNDER THE FINAL SAFE ACT RULE.--> NMLS COLLECTED AND DISBURSED APPROXIMATELY $71 MILLION IN STATE LICENSE AND REGISTRATION FEES.--> NMLS CALL CENTER ANSWERED MORE THAN 936,000 INQUIRIES FROM USERS.--> NMLS RESOURCE CENTER WAS VIEWED BY OVER 2 MILLION UNIQUE VISITORS.--> NMLS CONSUMER ACCESS RECEIVED OVER 1 MILLION VISITORS WHO VIEWED OVER 56 MILLION PAGES OF INFORMATION ON LICENSED AND REGISTERED COMPANIES AND INDIVIDUALS.--> SRR CONDUCTED MORE THAN 76 LIVE INDUSTRY AND REGULATOR USER TRAINING SESSIONS, INSTRUCTING MORE THAN 11,638 PROFESSIONALS.--> NMLS PROCESSING FEES REMAIN UNCHANGED FOR THE FOURTH STRAIGHT YEAR OF SYSTEM OPERATIONS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1674045 | Expense |
| Grants | 0 | Grants |
| Revenue | 12175 | Revenue |
| Description | REGULATORY SERVICES - IN 2011, CSBS SPLIT THE REGULATORY FUNCTION INTO THE BANK SUPERVISION SECTION AND THE CONSUMER PROTECTION AND NON-DEPOSITORY SUPERVISION SECTION. THIS RECOGNIZES THE EXPANDED WORK CSBS IS DOING WITH AND ON BEHALF OF STATE REGULATORS, AS WELL AS THE WORKFLOW COMING FROM THE FEDERAL AGENCIES.THE BANK SUPERVISION SECTION WORKS CLOSELY WITH THE STATE BANKING DEPARTMENTS TO IMPLEMENT NEW SUPERVISORY PROCESSES, DEVELOP AND IMPROVE BEST PRACTICES, AND MAINTAIN EXAMINATION TOOLS. EQUALLY IMPORTANT IS THE SECTION'S DEDICATION TO FOSTERING BETTER STATE-FEDERAL AND STATE-STATE COLLABORATION AND COORDINATION.THE ROLE OF CSBS IN SUPPORT OF MONEY SERVICES BUSINESSES AND BANK SECRECY ACT (BSA) SUPERVISION EXPANDED IN 2011 AS THE CSBS BOARD OF DIRECTORS DEDICATED REGULATOR AND STAFF RESOURCES DIRECTLY TO THESE AREAS. RECOGNIZING INCREASING DEMANDS IN NON-DEPOSITORY SUPERVISION, CSBS FORMED THE CONSUMER PROTECTION AND NON-DEPOSITORY SUPERVISORY SECTION. THIS SECTION HAS RESPONSIBILITY FOR NON-DEPOSITORIES (INCLUDING MORTGAGE AND MONEY SERVICES BUSINESSES), THE BANK SECRECY ACT, CONSUMER PROTECTION, AND COORDINATION BETWEEN STATE REGULATORS AND THE CONSUMER FINANCIAL PROTECTION BUREAU. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 739558 | Expense |
| Grants | 0 | Grants |
| Revenue | 22459 | Revenue |
| Description | LEGISLATIVE SERVICES - DURING 2011, MAJOR WORK STREAMS FOCUSED ON THE ONGOING RAMIFICATIONS OF THE FINANCIAL CRISIS, INCLUDING THE IMPLEMENTATION OF THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010. CSBS STAFF HAS WORKED TO ANALYZE AND PROVIDE THE STATE PERSPECTIVE ON FEDERAL REGULATORY POLICY PROPOSALS THAT DIRECTLY AFFECT STATE-SUPERVISED ENTITIES. ALSO, CSBS STAFF FACILITATES STATE REPRESENTATION ON THE FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC) AND COORDINATES EFFORTS AMONG THE STATE BANKING DEPARTMENTS ON SUPERVISORY RELATED ISSUES.THROUGH REGULAR INTERACTIONS WITH CONGRESS, REGULATORY AGENCIES, AND OTHER ORGANIZATIONS CONCERNED WITH FINANCIAL SERVICES POLICY, CSBS'S LEGISLATIVE AND LEGAL SECTION MONITORS LEGAL AND LEGISLATIVE DEVELOPMENTS TO IDENTIFY POLICY PROPOSALS AND LEGAL ISSUES POTENTIALLY AFFECTING STATE BANK SUPERVISION AND STATE FINANCIAL REGULATION. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | GrantsGrants | RevenueRevenue | DescriptionDescription |
|---|---|---|---|
| 437574 | 0 | 4980429 | MEMBERSHIP SERVICES & COMMUNICATIONS - CSBS'S ANNUAL STATE-FEDERAL SUPERVISORY SYMPOSIUM (SFSF), WHICH WAS HELD IN SEATTLE, WA IN MAY 2011, PROVIDED A FORUM FOR STATE AND FEDERAL FINANCIAL REGULATORS TO DISCUSS REGULATORY AND LEGISLATIVE POLICY ISSUES FACING FINANCIAL REGULATORS AND THE FINANCIAL SYSTEM AS A WHOLE. THE SFSF PROVIDED ALL ATTENDEES AN OPPORTUNITY TO ENGAGE IN FRANK DIALOGUE ON THE CHALLENGES AND OPPORTUNITIES FACING STATE AND FEDERAL REGULATORS ALIKE. THE 2011 SFSF WAS ATTENDED BY 78 STATE REGULATORS FROM 35 STATES AS WELL AS 58 FEDERAL REGULATORS REPRESENTING FOUR FEDERAL AGENCIES, INCLUDING THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE SYSTEM, THE FINANCIAL CRIMES ENFORCEMENT NETWORK, AND THE OFFICE OF THE COMPTROLLER OF THE CURRENCY.OTHER ACTIVITIES OF THE MEMBERSHIP AND COMMUNICATIONS DIVISION INCLUDED THE BANKERS BRIEFING IN WASHINGTON, DC, ADMINISTERING ACTIVITIES OF THE BANKERS ADVISORY BOARD, PRODUCING THE CSBS EXAMINER (A WEEKLY NEWSLETTER), THE SUPERVISORY DIRECTORY, AND UPDATING/MAINTAINING THE CSBS WEBSITE. |
| 1911000 | 1911000 | 0 | BOTH CSBS AND ITS WHOLLY OWNED SUBSIDIARY STATE REGULATORY REGISTRY LLC (SRR) PROVIDE ANNUAL OPERATING SUPPORT TO THE EDUCATION FOUNDATION OF STATE BANK SUPERVISORS (EFSBS), A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST EFSBS IN CARRYING OUT ITS MISSION. IN ADDITION, IN DECEMBER 2011, SRR APPROVED A $1 MILLION GRANT TO EFSBS IN ORDER TO SUPPORT THE DEVELOPMENT OF A NEW ONLINE TRAINING PLATFORM. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2348574 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 1911000 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 4980429 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 57477158 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 37 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 67 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2022962840 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (41 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JOHN P DUCREST | ||||||||
| CHAIRMAN | 3.00 | X | X | 0 | 0 | 0 | ||
| WILLIAM S HARAF | ||||||||
| CHAIRMAN-ELECT | 3.00 | X | X | 0 | 0 | 0 | ||
| GREG GONZALES | ||||||||
| VICE CHAIRMAN | 3.00 | X | X | 0 | 0 | 0 | ||
| CANDACE A FRANKS | ||||||||
| SECRETARY | 3.00 | X | X | 0 | 0 | 0 | ||
| CHARLES A VICE | ||||||||
| TREASURER | 3.00 | X | X | 0 | 0 | 0 | ||
| JOSEPH A SMITH JR | ||||||||
| IMMEDIATE PAST CHAIR | 3.00 | X | X | 0 | 0 | 0 | ||
| SCOTT D CLARKE | ||||||||
| EFSBS CHAIRMAN (JAN-MAY) | 3.00 | X | 0 | 0 | 0 | |||
| JEFFREY C VOGEL | ||||||||
| EFSBS CHAIRMAN (MAY-DEC) | 3.00 | X | 0 | 0 | 0 | |||
| GAVIN M GEE | ||||||||
| SRR CHAIRMAN (JAN-SEPT) | 3.00 | X | 0 | 0 | 0 | |||
| DAVID J COTNEY | ||||||||
| SRR CHAIRMAN (OCT-DEC) | 3.00 | X | 0 | 0 | 0 | |||
| JAMES M SCHIPPER | ||||||||
| BANKERS ADVISORY BOARD CO-CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| CHARLES G COOPER | ||||||||
| LEGISLATIVE CMTE CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| MARK KAUFMAN | ||||||||
| REGULATORY CMTE CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| VAUGHN M NORING | ||||||||
| SSPC CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| J THOMAS CARDWELL | ||||||||
| FBRC CHAIR (JAN-SEPT) | 3.00 | X | 0 | 0 | 0 | |||
| HOWARD F PITKIN | ||||||||
| FBRC CHAIR (SEPT-DEC) | 3.00 | X | 0 | 0 | 0 | |||
| LLOYD P LAFOUNTAIN III | ||||||||
| DISTRICT I CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| DAVID H MILLS | ||||||||
| DISTRICT II CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| JOHN D HARRISON | ||||||||
| DISTRICT III CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| ROBERT J ENTRINGER | ||||||||
| DISTRICT IV CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| DAVID C TATMAN | ||||||||
| DISTRICT V CHAIR | 3.00 | X | 0 | 0 | 0 | |||
| SCOTT JARVIS | ||||||||
| MEMBER-AT-LARGE | 3.00 | X | 0 | 0 | 0 | |||
| LAUREN KINGRY | ||||||||
| MEMBER-AT-LARGE | 3.00 | X | 0 | 0 | 0 | |||
| ARTHUR NEIL MILNER | ||||||||
| PRESIDENT AND CEO (OUTGOING) | 37.50 | X | 538233 | 59803 | 59641 | |||
| JOHN RYAN | ||||||||
| EXEC VP (JAN-AUG); PRES/CEO (SEP-DEC) | 37.50 | X | 406011 | 0 | 40434 | |||
| THOMAS HARLOW | ||||||||
| CHIEF FINANCIAL OFFICER | 37.50 | X | 231539 | 25727 | 41907 | |||
| MICHAEL STEVENS | ||||||||
| SVP-REG. (JAN-AUG); EXEC VP (SEP-DEC) | 37.50 | 287907 | 31990 | 47282 | X | |||
| WILLIAM MATTHEWS | ||||||||
| EXECUTIVE VICE PRESIDENT OF SRR | 37.50 | 286007 | 0 | 45625 | X | |||
| JOHN GORMAN | ||||||||
| GENERAL COUNSEL | 37.50 | 278458 | 0 | 47700 | X | |||
| MARGARET LIU | ||||||||
| SVP, LEGISLATIVE & DEPUTY GENRL CNSL | 37.50 | 256150 | 0 | 39339 | X | |||
| BARBARA MICHELS | ||||||||
| VP & CHIEF TECHNOLOGY OFFICER OF SRR | 37.50 | 226129 | 0 | 35617 | X | |||
| TIMOTHY DOYLE | ||||||||
| SENIOR VP OF SRR | 37.50 | 222886 | 0 | 38090 | X | |||
| CHARLES CROSS | ||||||||
| SVP, CONSUMER PROTECTION & NONDEPOSITORY SUPERVIS | 37.50 | 127475 | 84983 | 44640 | X | |||
| MARY BETH QUIST | ||||||||
| SVP, SUPERVISORY PROCESSES | 37.50 | 172749 | 19194 | 35134 | X | |||
| JOHN PRENDERGAST | ||||||||
| VP, NONDEPOSITORY SUPERVISION | 37.50 | 196241 | 0 | 16889 | X | |||
| PETER MARKS | ||||||||
| VP, TESTING & EDUCATION PROGRAMS | 37.50 | 160674 | 0 | 36746 | X | |||
| VICKIE SLATER | ||||||||
| SR. DIR., MORTGAGE OPERATIONS | 37.50 | 130466 | 0 | 22803 | X | |||
| ANTHONY DONFOR III | ||||||||
| VP, INFORMATION TECHNOLOGY | 37.50 | 115673 | 12853 | 20806 | X | |||
| MARY PFAFF | ||||||||
| SR. DIR., MORTGAGE POLICY | 37.50 | 117826 | 0 | 27920 | X | |||
| TIMOTHY LANGE | ||||||||
| SR. DIR., MORTGAGE POLICY | 37.50 | 122390 | 0 | 12480 | X | |||
| EDWARD SMITH III | ||||||||
| VP, MEMBERSHIP & BANKER RELATIONS | 37.50 | 113572 | 0 | 25295 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3990386 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 234550 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 638348 | TotalOtherCompensation |
| Number Individuals GT100 K | 29 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FINANCIAL INDUSTRY REGULATORY AUTHORITY | |||||
| 9509 KEY WEST AVE | ROCKVILLE | MD | 20850 | DEVELOPMENT/HOSTING OF NMLS | 31884198 |
| FEDERAL BUREAU OF INVESTIGATION CJIS DI | |||||
| 1000 CUSTER HOLLOW RD | CLARKSBURG | WV | 26306 | NMLS CRIMINAL BACKGROUND CHECKS | 8907607 |
| FIELDPRINT | |||||
| 400 LIPPINCOTT DR SUITE 114 | MARLTON | NJ | 08053 | NMLS FINGERPRINTING SERVICES | 7248592 |
| TRANSUNION RENTAL SCREENING | |||||
| 13591 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | NMLS CREDIT REPORTING SERVICE | 1041342 |
| TMT DEMONET | |||||
| PO BOX 13606 | NEWARK | NJ | 07188 | LANDLORD OF OFFICE SPACE | 532946 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NMLS PROCESSING FEES | 518210 | 63286189 | 63286189 |
| MLO TESTING/EDUCATION | 900099 | 13496556 | 13496556 |
| MEMBERSHIP DUES/ASSESS | 900099 | 4852651 | 4852651 |
| SFSF & ANNUAL MEETING | 900099 | 127778 | 127778 |
| EVENTS/SUMMITS | 900099 | 22360 | 22360 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7375 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7375 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 81792909 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26235 | TotalRevenueColumn |
| Exclusion | $26,235 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 854454 | TotalRevenueColumn |
| Exclusion | $854,454 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1292 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 42844 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -41552 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -41552 | TotalRevenueColumn |
| Exclusion | -$41,552 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| MANAGEMENT FEES | 561000 | 24000 | $24,000 | |
| MISCELLANEOUS | 900099 | 15273 | $10,473 | 4800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 39273 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 82671319 | TotalRevenueColumn |
| Related Or Exempt Function Income | 81797709 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $873,610 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1911000 | Total |
| Program Services | 1911000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3915602 | Total |
| Program Services | 3369963 | ProgramServices |
| Management And General | 545639 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2712491 | Total |
| Program Services | 2106265 | ProgramServices |
| Management And General | 576226 | ManagementAndGeneral |
| Fundraising | 30000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -158476 | Total |
| Management And General | -158476 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159554 | Total |
| Program Services | 569863 | ProgramServices |
| Management And General | -410309 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427431 | Total |
| Management And General | 427431 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239164 | Total |
| Program Services | 154631 | ProgramServices |
| Management And General | 84533 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103111 | Total |
| Program Services | 45 | ProgramServices |
| Management And General | 103066 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 471261 | Total |
| Program Services | 271293 | ProgramServices |
| Management And General | 199968 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19155 | Total |
| Program Services | 2513 | ProgramServices |
| Management And General | 16642 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344458 | Total |
| Program Services | 126646 | ProgramServices |
| Management And General | 188393 | ManagementAndGeneral |
| Fundraising | 29419 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16590284 | Total |
| Program Services | 15448198 | ProgramServices |
| Management And General | 1142086 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1128527 | Total |
| Program Services | 894057 | ProgramServices |
| Management And General | 234470 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464214 | Total |
| Program Services | 283090 | ProgramServices |
| Management And General | 180979 | ManagementAndGeneral |
| Fundraising | 145 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 165229 | Total |
| Program Services | 100792 | ProgramServices |
| Management And General | 64437 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 279576 | Total |
| Program Services | 175542 | ProgramServices |
| Management And General | 103534 | ManagementAndGeneral |
| Fundraising | 500 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -16853 | Total |
| Management And General | -16853 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4483464 | Total |
| Program Services | 4100501 | ProgramServices |
| Management And General | 382963 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65976 | Total |
| Management And General | 65976 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FINGERPRINT PROCESSING | 14790000 | 14790000 | |
| MLO TESTING FEES | 7267091 | 7267091 | |
| BANK CHARGES | 2690873 | 2627399 | 63474 |
| MLO EDUC COURSE FEES | 1545649 | 1545649 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 737089 | Total |
| Program Services | 1732620 | ProgramServices |
| Management And General | -1016125 | ManagementAndGeneral |
| Fundraising | 20594 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60335870 | Total |
| Program Services | 57477158 | ProgramServices |
| Management And General | 2778054 | ManagementAndGeneral |
| Fundraising | 80658 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177174 | BOY |
| EOY | 40850 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12507280 | BOY |
| EOY | 29696469 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1879991 | BOY |
| EOY | 1853164 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 585725 | BOY |
| EOY | 483953 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 34574107 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11152422 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19829246 | BOY |
| EOY | 23421685 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1225874 | BOY |
| EOY | 1251373 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1455773 | BOY |
| EOY | 2797833 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37661063 | BOY |
| EOY | 59545327 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9953257 | BOY |
| EOY | 7942059 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2326313 | BOY |
| EOY | 4253749 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19063 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4464913 | BOY |
| EOY | 5416553 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16763546 | BOY |
| EOY | 17612361 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20897517 | BOY |
| EOY | 41932966 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20897517 | BOY |
| EOY | 41932966 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37661063 | BOY |
| EOY | 59545327 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 22335449 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1300000 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 4852651 | CurrentTaxYear |
| Total | 4852651 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 76945058 | CurrentTaxYear |
| Total | 76945058 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 81797709 | CurrentTaxYear |
| Total | 81797709 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 11337261 | CurrentTaxYear |
| Total | 11337261 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 11337261 | CurrentTaxYear |
| Total | 11337261 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 70460448 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 880689 | CurrentTaxYear |
| Total | 880689 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 880689 | CurrentTaxYear |
| Total | 880689 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 34473 | CurrentTaxYear |
| Total | 34473 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 82712871 | CurrentTaxYear |
| Total | 82712871 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
| General Explanation | SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM AN ACTIVITY THAT IS NOT REGULARLY CARRIED ON MANAGEMENT FEES | GeneralExplanation |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 1 | MailingsMembers |
| Mailings Members | $55 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $64,547 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 64602 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | PART II-B, LINES 1(B) & 1(G): CERTAIN STAFF OF THE ORGANIZATION PERIODICALLY MEET WITH, OR HAVE PHONE CONVERSATIONS WITH, MEMBERS OF CONGRESS ABOUT LEGISLATIVE ISSUES IMPACTING THE STATE BANKING INDUSTRY. PART II-B, LINE 1(D): THE ORGANIZATION ALSO SENDS ITS MEMBERS OCCASIONAL LEGISLATIVE ISSUE COMMUNICATIONS. PART III: THE ORGANIZATION WAS PREVIOUSLY EXEMPT UNDER SECTION 501(C)(6) OF THE IRC; HOWEVER, DURING 2012, THE IRS RETROACTIVELY APPROVED THE ORGANIZATION'S REQUEST FOR TREATMENT AS A 501(C)(3) ORGANIZATION, WITH AN EFFECTIVE DATE OF MARCH 25, 2011. AS SUCH, THE INFORMATION REPORTED ABOVE IN PART II-B REFLECTS CSBS' LOBBYING ACTIVITY FROM 3/26 - 12/31/11. AS WAS DONE IN PREVIOUS YEARS, CSBS HAS ELECTED TO PAY PROXY TAX ON ITS LOBBYING EXPENDITURES FROM 1/1 - 3/25/11 (THE PORTION OF 2011 THE ORGANIZATION WAS STILL A 501(C)(6) ORGANIZATION). RATHER THAN COMPLETING PART III (SINCE IT IS CURRENTLY A 501(C)(3) ORGANIZATION), CSBS HAS PRESENTED ITS PROXY TAX CALCULATION AS AN ATTACHMENT TO ITS 2011 FORM 990-T. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 2916563 | BeginningBalance |
| Additions During Year | 144673228 | AdditionsDuringYear |
| Distributions During Year | 143166241 | DistributionsDuringYear |
| Ending Balance | 4423550 | EndingBalance |
| Included On FS | 0 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1548831 | OtherCostOrOtherBasis |
| Depreciation | 378406 | Depreciation |
| Book Value | 1170425 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 924802 | OtherCostOrOtherBasis |
| Depreciation | 741137 | Depreciation |
| Book Value | 183665 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32100474 | OtherCostOrOtherBasis |
| Depreciation | 10032879 | Depreciation |
| Book Value | 22067595 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 23421685 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED PENSION COST | $1,832,809 |
| DAY WITH THE COMMISSIONER | $61,239 |
| DEFERRED COMPENSATION LIABILITY | $481,429 |
| DUE TO RELATED ORGANIZATION | $3,039,473 |
| FUNDS HELD FOR OTHERS | $1,603 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5416553 | TotalOfAmounts |
| Total Revenue | 82671319 | TotalRevenue |
| Total Expenses | 60335870 | TotalExpenses |
| Excess Or Deficit For Year | 22335449 | ExcessOrDeficitForYear |
| Other | -$1,300,000 | OtherAmount |
| Total Adjustments | -1300000 | TotalAdjustments |
| Excess Or Deficit Per FS | 21035449 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 82712871 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 82712871 | RevenueSubtotal |
| Other Revenues Not Included | -41552 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -41552 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 82671319 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 61677422 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1341552 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1341552 | ExpensesNotRptdF990 |
| Expenses Subtotal | 60335870 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 60335870 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 1B: | WE ARE A TEMPORARY CUSTODIAN OF FUNDS COLLECTED FROM MORTGAGE LICENSEES WHO USE THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY. THESE FUNDS ARE NOT RECORDED ON OUR BALANCE SHEET. WE HOLD THE FUNDS IN A BANKING/SWEEP ACCOUNT FOR APPROXIMATELY EIGHT BUSINESS DAYS IN ORDER TO ASSURE THAT FUNDS COLLECTED THROUGH ACH AND CREDIT CARD CHARGES HAVE TIME TO CLEAR THE BANKING SYSTEM; THEN WE REMIT THE COLLECTED FUNDS TO THE APPROPRIATE STATES AND TRANSFER THE PORTION BELONGING TO SRR AS A PROCESSING FEE TO OUR OWN OPERATING ACCOUNT. | |
| PART X: | THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. MANAGEMENT CONSIDERS THE YEARS FROM 2008 THROUGH 2011 TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| LITIGATION CONTINGENCY ACCRUAL -1,300,000. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| LOSS ON DISPOSAL OF ASSETS -41,552. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| LOSS ON DISPOSAL OF ASSETS 41,552. LITIGATION CONTINGENCY ACCRUAL 1,300,000. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH STREET NW 9TH FLOOR | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 521347951 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 1911000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Purpose Of Grant | SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: CSBS AND SRR PROVIDE PERIODIC SUPPORT TO THE EDUCATION FOUNDATION OF STATE BANK SUPERVISORS (EFSBS), AS EFSBS SERVES AS THE EDUCATIONAL ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES PERIODIC UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF THE EFSBS. IN ADDITION, DURING 2011 THE SRR BOARD OF MANAGERS APPROVED PROVIDING A $1 MILLION GRANT TO EFSBS TO BE USED FOR EDUCATIONAL PROGRAM DEVELOPMENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (15 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARTHUR NEIL MILNER | |||||||||||||
| 438682 | 48742 | 54000 | 6000 | 45551 | 5061 | 42930 | 4770 | 18064 | 2007 | 599227 | 66580 | 0 | 0 |
| JOHN RYAN | |||||||||||||
| 345324 | 0 | 54000 | 0 | 6687 | 0 | 34450 | 0 | 10318 | 0 | 450779 | 0 | 0 | 0 |
| THOMAS HARLOW | |||||||||||||
| 197639 | 21960 | 31500 | 3500 | 2400 | 267 | 22516 | 2502 | 17523 | 1947 | 271578 | 30176 | 0 | 0 |
| MICHAEL STEVENS | |||||||||||||
| 226986 | 25221 | 58500 | 6500 | 2421 | 269 | 27541 | 3060 | 15605 | 1734 | 331053 | 36784 | 0 | 0 |
| WILLIAM MATTHEWS | |||||||||||||
| 241624 | 0 | 40000 | 0 | 4383 | 0 | 28736 | 0 | 16889 | 0 | 331632 | 0 | 0 | 0 |
| JOHN GORMAN | |||||||||||||
| 236598 | 0 | 33000 | 0 | 8860 | 0 | 47700 | 0 | 253 | 0 | 326411 | 0 | 0 | 0 |
| MARGARET LIU | |||||||||||||
| 213160 | 0 | 40000 | 0 | 2990 | 0 | 22450 | 0 | 22574 | 0 | 301174 | 0 | 0 | 0 |
| BARBARA MICHELS | |||||||||||||
| 202279 | 0 | 21000 | 0 | 2850 | 0 | 24498 | 0 | 12818 | 0 | 263445 | 0 | 0 | 0 |
| TIMOTHY DOYLE | |||||||||||||
| 187532 | 0 | 32000 | 0 | 3354 | 0 | 23220 | 0 | 14985 | 0 | 261091 | 0 | 0 | 0 |
| CHARLES CROSS | |||||||||||||
| 106265 | 70843 | 19200 | 12800 | 2010 | 1340 | 16650 | 11100 | 10260 | 6840 | 154385 | 102923 | 0 | 0 |
| MARY BETH QUIST | |||||||||||||
| 150527 | 16725 | 19800 | 2200 | 2422 | 269 | 16420 | 1824 | 21594 | 2399 | 210763 | 23417 | 0 | 0 |
| JOHN PRENDERGAST | |||||||||||||
| 174922 | 0 | 19000 | 0 | 2319 | 0 | 0 | 0 | 17049 | 0 | 213290 | 0 | 0 | 0 |
| PETER MARKS | |||||||||||||
| 127720 | 0 | 25000 | 0 | 7954 | 0 | 19856 | 0 | 20244 | 0 | 200774 | 0 | 0 | 0 |
| VICKIE SLATER | |||||||||||||
| 113046 | 0 | 15000 | 0 | 2420 | 0 | 11939 | 0 | 11111 | 0 | 153516 | 0 | 0 | 0 |
| ANTHONY DONFOR III | |||||||||||||
| 103320 | 11480 | 10800 | 1200 | 1553 | 173 | 18725 | 2081 | 3677 | 409 | 138075 | 15343 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE WRITTEN EMPLOYMENT CONTRACT THE CONFERENCE HAS WITH ITS OUTGOING PRESIDENT AND CEO INCLUDES, AMONGST OTHER THINGS, PROVISIONS FOR A GROSS-UP ON HIS POTENTIAL ANNUAL BONUS TO COMPENSATE FOR INCOME TAXES, AN ALLOWANCE FOR SPOUSAL TRAVEL ON BUSINESS-RELATED TRIPS UP TO AN ANNUAL MAXIMUM OF $5,000, AND AN ANNUAL MEMBERSHIP IN A GOLF CLUB. DURING 2011, THE OUTGOING PRESIDENT AND CEO RECEIVED AS TAXABLE COMPENSATION (1) A GROSS-UP PAYMENT OF $3,731, (2) $4,553 FOR SPOUSAL TRAVEL EXPENSES, AND (3) $5,040 FOR CLUB MEMBERSHIP FEES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT IN LIEU OF THE BOARD OF DIRECTORS BETWEEN SCHEDULED BOARD MEETINGS; HOWEVER, ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE MUST BE APPROVED BY THE BOARD OF DIRECTORS AT ITS NEXT SCHEDULED MEETING, AND THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO APPROVE SALARY CHANGES OR NON-BUDGETED EXPENSES ABOVE $5,000. THE EXECUTIVE COMMITTEE CONSISTS OF ALL SITTING OFFICERS OF THE BOARD OF DIRECTORS AS WELL AS THE IMMEDIATE PAST CHAIRMAN. | |
| FORM 990, PART VI, SECTION A, LINE 4 | CSBS RECEIVED A DETERMINATION LETTER FROM THE IRS DATED MAY 15, 2012, WHICH APPROVED CSBS'S APPLICATION TO CHANGE ITS TAX EXEMPT STATUS FROM IRC SECTION 501(C)(6) TO SECTION 501(C)(3). FURTHERMORE, THE IRS DETERMINED THAT CSBS IS ELIGIBLE TO RECEIVE TAX-DEDUCTIBLE CONTRIBUTIONS AS A PUBLIC CHARITY UNDER SECTION 509(A)(2). THE EFFECTIVE DATE OF THIS CHANGE IN EXEMPTION WAS MARCH 25, 2011. AS SUCH, THIS 2011 RETURN IS THE FIRST YEAR THAT CSBS IS FILING AS A 501(C)(3) ORGANIZATION. HOWEVER, AS CSBS WAS STILL A 501(C)(6) ORGANIZATION DURING THE FIRST THREE MONTHS OF ITS 2011 TAX YEAR, CERTAIN NON-501(C)(3) QUESTIONS ON THE 990 HAVE BEEN ANSWERED AS WELL. | |
| FORM 990, PART VI, SECTION A, LINE 6 | REGULAR VOTING MEMBERSHIP IN THE CONFERENCE IS LIMITED TO THE STATE OFFICER HAVING RESPONSIBILITY FOR THE SUPERVISION OF STATE-CHARTERED BANKING INSTITUTIONS IN EACH STATE, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND THE VIRGIN ISLANDS, OR A REPRESENTATIVE DULY DESIGNATED BY SUCH OFFICER WHO IS ALSO AN EMPLOYEE OF THE STATE BANKING DEPARTMENT OF THAT JURISDICTION. THE CONFERENCE'S OTHER CLASSES OF MEMBERSHIP, WHICH INCLUDE STATE-CHARTERED BANKING INSTITUTIONS, STATE BANKERS ASSOCIATIONS, AND ASSOCIATES, DO NOT HAVE AN OFFICIAL VOTE IN ANY MEETING OF THE CONFERENCE AND ARE NOT ELIGIBLE TO HOLD AN ELECTED OFFICE IN THE CONFERENCE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE OFFICERS OF THE CSBS BOARD OF DIRECTORS, WHICH INCLUDE THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY, AND TREASURER, ARE ELECTED BY THE REGULAR VOTING MEMBERSHIP AT THE ANNUAL MEETING OF THE CONFERENCE. ADDITIONALLY, THE REGULAR MEMBERS ARE DIVIDED INTO FIVE GEOGRAPHICAL DISTRICTS AND THEY ELECT A DISTRICT CHAIRMAN AND A DISTRICT VICE CHAIRMAN FROM THE REGULAR MEMBERSHIP IN EACH RESPECTIVE DISTRICT TO REPRESENT THE DISTRICT ON THE CSBS BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 7B | PROPOSALS FOR THE AMENDMENT OR REPEAL OF THE BYLAWS MAY BE MADE BY ANY TEN REGULAR MEMBERS OF THE CONFERENCE BY SUBMITTING A WRITTEN REQUEST SPECIFYING THE CHANGES PROPOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. ALL SUCH PROPOSALS WOULD THEN BE CONSIDERED BY THE MEMBERSHIP AT AN ANNUAL OR SPECIAL MEETING OF THE REGULAR MEMBERS, AND THE BYLAWS COULD BE AMENDED OR REPEALED BY A TWO-THIRDS VOTE OF THE REGULAR MEMBERS OR DULY DESIGNATED REPRESENTATIVES ENROLLED AS ATTENDING THE MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CONFERENCE'S FORM 990 IS THOROUGHLY REVIEWED BY THE MANAGEMENT TEAM BEFORE THE RETURN IS SIGNED AND FILED. THE CONFERENCE ALSO POSTS THE 990 ON THE BOARD'S WEBSITE AND EMAILS THE MEMBERS OF THE BOARD HOW TO ACCESS IT. | |
| FORM 990, PART VI, SECTION B, LINE 12C | A REVISED CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WAS ADOPTED IN MARCH 2010 COVERING CSBS AND ITS AFFILIATED ORGANIZATIONS. AS PART OF THE POLICY, EACH YEAR ALL CSBS EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY AND THAT THEY AGREE TO COMPLY WITH THE POLICY. EACH FORM COMPLETED BY A CSBS EMPLOYEE WILL BE REVIEWED BY THE PRESIDENT AND CEO FOR POTENTIAL CONFLICTS, WHILE EACH FORM COMPLETED BY A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CSBS AUDIT COMMITTEE FOR POTENTIAL CONFLICTS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | CSBS HAS A FORMAL POLICY STATING THAT THE PROCESS FOR DETERMINING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES SHALL INCLUDE (1) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF CSBS, (2) USE OF DATA AS TO COMPARABLE COMPENSATION, AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE PERSONNEL AND COMPENSATION COMMITTEE OF THE CSBS BOARD OF DIRECTORS HAS BEEN ESTABLISHED IN THE BYLAWS AS A STANDING COMMITTEE, WHICH DEFINES THAT THE COMMITTEE'S PURPOSE IS TO RECOMMEND SALARY RANGES AND COMPENSATION FOR CSBS STAFF TO THE BOARD OF DIRECTORS FOR APPROVAL AND TO CONDUCT AN ANNUAL PERFORMANCE APPRAISAL OF THE PRESIDENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | CSBS MAKES ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC THROUGH ITS WEBSITE. IN ADDITION, CSBS' DISREGARDED ENTITY, STATE REGULATORY REGISTRY LLC, HAS ITS OWN SEPARATE AUDITED FINANCIAL STATEMENTS WHICH ARE AVAILABLE UPON REQUEST. CSBS DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLICLY AVAILABLE; HOWEVER, CSBS WOULD CONSIDER ANY REQUESTS RECEIVED FOR SUCH DOCUMENTS. | |
| FORM 990, PART VII, SECTION A, LINE 1A: CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES LISTED IN PART VII AND ON SCHEDULE J OF THE RETURN ALSO ARE PARTICIPANTS IN THE CONFERENCE OF STATE BANK SUPERVISORS PENSION PLAN, WHICH IS A QUALIFIED DEFINED BENEFIT PENSION PLAN. EFFECTIVE JULY 1, 2011, THIS PLAN WAS TERMINATED. | ||
| FORM 990, PART XI, LINE 5: | LITIGATION CONTINGENCY ACCRUAL -1,300,000. TOTAL TO FORM 990, PART XI, LINE 5: -1,300,000. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: THE CONFERENCE'S AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE REGULATORY REGISTRY LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH STREET NW 9TH FLOOR | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205641694 | EIN |
| Primary Activities | THE DEVELOPMENT AND OPERATION OF THE NATIONWIDE MORTGAGE LICENSING SYSTEM | PrimaryActivities |
| Legal Domicile State | DC | LegalDomicileState |
| Total Income | 77637673 | TotalIncome |
| EOY Assets | 48497085 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONFERENCE OF STATE BANK SUPERVISORS INC | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1129 20TH ST NW 9TH FLOOR | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521347951 | EIN |
| Primary Activities | TO ENHANCE STATE FINANCIAL SUPERVISION THROUGH EDUCATION AND TRAINING | PrimaryActivities |
| Legal Domicile State | DC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 9 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMON CONTROL WITH CSBS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | ||
| B | 1911000 | CASH |
| EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | ||
| M | 347295 | ALLOCATION |
| EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | ||
| N | 1302422 | ALLOCATION |
| EDUCATION FOUNDATION OF STATE BANK SUPERVISORS | ||
| P | 379393 | CASH |
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