Clearing House Association Llc
- Assets
- $10.8m
- Revenue
- $75.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1947
- Data as of
- 12/2021
- EIN
- 13-5272860
Organization Overview
Clearing House Association Llc is located in New York, NY. The organization was established in 1947. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearing House Association Llc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Clearing House Association Llc generated $75.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (62.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
(SEE ABOVE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Aramanda CEO | Officer | 7 | $2,577,273 |
Stephanie Heller Evp, General Counsel | Officer | 9 | $1,106,179 |
Darrell Walsh SVP & CFO | Officer | 3 | $689,840 |
Robert Hunter Director Of Legislative & Regulatory Affaris | Officer | 18 | $568,256 |
Matthew Cooper General Counsel, Capital One Financial Corp. | Trustee | 0 | $0 |
Michael Coyne General Counsel, Mufg Americas Holdings Corp. | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $75,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $682,984 |
| Fees for services: Accounting | $71,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $934 |
| Fees for services: Other | $887 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,378 |
| Insurance | $81,445 |
| All other expenses | $1,119 |
| Total functional expenses | $2,081,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,966,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $972,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $633,837 |
| Net Land, buildings, and equipment | $591,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,612,994 |
| Total assets | $10,776,823 |
| Accounts payable and accrued expenses | $2,368,534 |
| Grants payable | $0 |
| Deferred revenue | $1,288,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,657,034 |
| Net assets without donor restrictions | $7,119,789 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,776,823 |
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|---|---|---|
B Lab Company Berwyn, PA | $11,530,827 | $18,993,326 |
Society Of Cable Telecommunications Engineers Inc Exton, PA | $14,059,235 | $12,351,666 |
Pennsylvania Bankers Association Harrisburg, PA | $5,090,487 | $5,734,321 |
New York Bankers Association Inc New York, NY | $29,674,110 | $5,797,174 |
Pennsylvania Credit Union Association Harrisburg, PA | $17,137,050 | $4,756,465 |
New York Credit Union Association Inc Albany, NY | $26,477,770 | $2,081,668 |
Clearing House Association Llc New York, NY | $10,776,823 | $75,297 |
New England Water Works Association Inc Holliston, MA | $5,317,027 | $2,104,407 |
Cable Telecommunications Association Of New York Inc Albany, NY | $865,674 | $1,225,088 |
Pennsylvania Association Of Community Bankers Harrisburg, PA | $1,289,159 | $1,515,208 |
Northeast Waste Management Officials Association Inc Boston, MA | $482,631 | $1,175,561 |
Vermont Rural Water Association Essex Junction, VT | $644,276 | $1,194,241 |