C S B S Education Foundation
- Assets
- $4.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 52-1347951
Organization Overview
C S B S Education Foundation is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, 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. C S B S Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, C S B S Education Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
THE PURPOSE OF THE CSBS EDUCATION FOUNDATION (CSBSEF) IS TO FUND AND DIRECT THE LEARNING AND DEVELOPMENT, EXAMINER CERTIFICATION, AND DEPARTMENT ACCREDITATION EFFORTS OF A TEAM OF STAFF MEMBERS FROM THE STRATEGIC ENGAGEMENT AND PRODUCTS & SOLUTIONS BUSINESS UNITS. TO THAT END, THE TEAM OFFERS A WIDE RANGE OF ON-SITE AND ONLINE LEARNING AND DEVELOPMENT PROGRAMS FOR REGULATORY PERSONNEL, A VARIETY OF EXAMINER CERTIFICATION DESIGNATIONS TO RECOGNIZE THEIR PROFESSIONALISM, AND ACCREDITATION PROGRAMS FOR STATE BANK AND MORTGAGE REGULATORY AGENCIES TO STRENGTHEN THE SYSTEM OF STATE FINANCIAL SUPERVISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING AND EXECUTIVE EDUCATION: THESE PROGRAMS PROVIDE INDUSTRY, POLICY AND RISK MANAGEMENT UPDATES FOR MID-LEVEL MANAGERS AND SENIOR EXECUTIVES IN THE STATE REGULATORY AGENCIES.
TECHNICAL TRAINING: THESE ONLINE AND ON-SITE PROGRAMS PREPARE EXAMINERS OF BANKS, TRUST DEPARTMENTS, MORTGAGE COMPANIES AND MONEY SERVICE BUSINESSES IN THE DETAILED PROCESS OF ON-SITE EXAMINATION AND OFF-SITE MONITORING OF THESE DEPOSITORY AND NON-DEPOSITORY FINANCIAL INSTITUTIONS. ADDITIONALLY, EACH YEAR, THE CSBSEF AWARDS SCHOLARSHIPS TO BANK AND TRUST EXAMINERS THAT ARE ENROLLED IN GRADUATE SCHOOLS FOR BANKING. THESE AWARDS ARE PARTIALLY FUNDED BY EARNINGS FROM THE PERMANENTLY RESTRICTED SAMUEL WEINROTT MEMORIAL SCHOLARSHIP FUND.
AGENCY ACCREDITATION PROGRAM: THE ACCREDITATION PROGRAM PROVIDES A COMPREHENSIVE REVIEW OF THE CRITICAL ELEMENTS OF A STATE REGULATORY AGENCY. THE PROGRAM ASSESSES A REGULATORY AGENCY'S ABILITY TO DISCHARGE ITS RESPONSIBILITIES THROUGH AN INVESTIGATION OF ITS ADMINISTRATION AND FINANCES, PERSONNEL POLICIES, TRAINING PROGRAMS, EXAMINATION POLICIES, SUPERVISORY PROCEDURES AND STATUTORY POWERS. IN ESTABLISHING STANDARDS FOR STATE BANKING DEPARTMENTS, MORTGAGE AND MONEY SERVICE BUSINESS REGULATORY AGENCIES, THE CSBSEF IS SUPPORTING PUBLIC INTEREST GOALS BY IDENTIFYING HIGHLY COMPETENT STATE BANKING, MORTGAGE AND MONEY SERVICE BUSINESS REGULATORY AGENCIES AND STRENGTHENING THE CAPABILITIES OF ALL DEPARTMENTS AND AGENCIES.
THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) SHARES ITS EMPLOYEES, OFFICE SPACE AND OFFICE SUPPLIES/EQUIPMENT WITH THE CSBSEF. AS A RESULT, CSBS ALLOCATES A PORTION OF ITS PERSONNEL AND OVERHEAD COSTS TO CSBS EDUCATION FOUNDATION WHICH WERE USED TO ADVANCE CSBSEF'S THREE PRIMARY AREAS OF FOCUS. HOWEVER, THE CSBSEF DOES NOT ALLOCATE THESE COSTS TO EACH OF THE INDIVIDUAL PROGRAM SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sebastian Monnet Vice President, Learning & Development | Officer | 37.5 | $230,669 |
John Ryan CEO | Officer | 3 | $85,100 |
Ngoc Vu Chief Information Officer | Officer | 3 | $34,418 |
Margaret Liu Chief Information Officer | Officer | 3 | $31,503 |
Kelly Haire Evp, People Operations | 3 | $30,594 | |
John Gorman General Counsel | 3 | $29,278 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Orleans Marriott Nmls Annual Conference | 12/30/18 | $265,908 |
Mis Training Institute Inc Instructor Training | 12/30/18 | $116,971 |
Myta Technologies Llc Consultants For Accreditation/certificat | 12/30/18 | $109,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,264,026 |
| 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 | $1,264,026 |
| Total Program Service Revenue | $1,045,460 |
| Investment income | $54,223 |
| 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 | $2,363,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $491,637 |
| Compensation of current officers, directors, key employees. | $491,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $230,832 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $936 |
| Fees for services: Other | $294,174 |
| Advertising and promotion | $125,239 |
| Office expenses | $37,036 |
| Information technology | $59,684 |
| Royalties | $0 |
| Occupancy | $64,228 |
| Travel | $18,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,069 |
| Conferences, conventions, and meetings | $401,747 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,315 |
| Total functional expenses | $2,411,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $791,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,062 |
| 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 | $211,568 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,287,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $761,325 |
| Total assets | $4,204,118 |
| Accounts payable and accrued expenses | $342,178 |
| Grants payable | $0 |
| Deferred revenue | $348,584 |
| 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 | $311,248 |
| Total liabilities | $1,002,010 |
| Net assets without donor restrictions | $3,190,970 |
| Net assets with donor restrictions | $11,138 |
| 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 | $4,204,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that C S B S Education Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ohio Capital Impact Corporation Columbus, OH PURPOSE: SPONSORSHIP | $10,000 |
Endowment Analysis
| Beg. Balance | $11,138 |
| Ending Balance | $11,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educap Inc Sterling, VA | $80,424,876 | $4,047,763 |
C S B S Education Foundation Washington, DC | $4,204,118 | $2,363,709 |
Credit Research Foundation Inc Westminster, MD | $1,367,248 | $1,087,744 |
National Bankers Association Inc Washington, DC | $841,485 | $627,511 |
Maryland Mortgage Bankers Edgewater, MD | $437,404 | $208,857 |
Virginia Mortgage Bankers Assoc Glen Allen, VA | $251,713 | $178,483 |
Second Look Capital Inc Richmond, VA | $83,074 | $0 |
Hebrew Free Loan Association Of District Of Columbia Bethesda, MD | $1,020,980 | $299,155 |
Hebrew Free Loan Association Of Baltimore City Inc Baltimore, MD | $1,691,947 | $103,020 |
Kingdom Connections Inc Virginia Beach, VA | $4,942 | $0 |