Council Of Federal Home Loan Banks
- Assets
- $1.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 54-1877922
Organization Overview
Council Of Federal Home Loan Banks is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Council Of Federal Home Loan Banks employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Federal Home Loan Banks 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, Council Of Federal Home Loan Banks generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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)THE COUNCIL IS ORGANIZED EXCLUSIVELY FOR THE PROMOTION OF COMMON BUSINESS INTERESTS AND ENACTMENT OF LAWS BENEFICIAL TO THE MEMBER BANKS OF THE COUNCIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL CONDUCTS RESEARCH AND EDUCATIONAL PROGRAMS, PUBLIC RELATIONS BRIEFINGS, AND OTHER PUBLIC AFFAIRS ACTIVITIES TO PROMOTE THE COMMON PRIVATE AND PUBLIC INTEREST OF THE MEMBER BANKS OF THE COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Von Seggern President/ceo | Officer | 40 | $712,325 |
Jennifer Cowell Exec VP Policy, Gov't Rela | 40 | $283,701 | |
Sheila Owens Vice President, External C | 40 | $213,357 | |
Keya Jackson Vp, Chief Administrative Officer | Officer | 40 | $178,203 |
Andrew S Howell Director | Trustee | 2 | $0 |
Bradford E Ritchie Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phil Bechtel Legislative/regulatory Consulting | 12/30/19 | $120,000 |
Hamilton Place Communication/messaging | 12/30/19 | $173,899 |
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 | $2,915,000 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,908,070 |
| 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. | $1,276,409 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,652 |
| Pension plan accruals and contributions | $71,191 |
| Other employee benefits | $78,661 |
| Payroll taxes | $68,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,000 |
| Advertising and promotion | $0 |
| Office expenses | $55,209 |
| Information technology | $33,375 |
| Royalties | $0 |
| Occupancy | $178,691 |
| Travel | $14,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,248 |
| Insurance | $7,709 |
| All other expenses | $0 |
| Total functional expenses | $2,702,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,426 |
| Savings and temporary cash investments | $1,162,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,829 |
| 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 | $338,859 |
| Net Land, buildings, and equipment | $1,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,200 |
| Total assets | $1,550,858 |
| Accounts payable and accrued expenses | $188,202 |
| Grants payable | $0 |
| Deferred revenue | $585,000 |
| 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 | $773,202 |
| Net assets without donor restrictions | $777,656 |
| 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 | $1,550,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Community Change Action Washington, DC | $13,750,563 | $15,082,091 |
American Conservative Union Alexandria, VA | $4,885,240 | $15,442,633 |
Center For American Progress Action Fund Washington, DC | $5,490,835 | $12,854,526 |
Consumer Bankers Association Washington, DC | $14,757,474 | $11,272,002 |
Centre For Public Impact North America Inc Washington, DC | $15,029,956 | $20,852,661 |
Public Citizen Inc Washington, DC | $4,340,834 | $7,987,999 |
Common Cause Washington, DC | $11,922,837 | $10,088,774 |
American Road And Transportation Builders Association Washington, DC | $8,270,430 | $9,321,021 |
Alliance For Telecommunications Industry Solutions Washington, DC | $11,826,639 | $10,016,608 |
Americans For Tax Reform Washington, DC | $22,926,988 | $9,199,721 |
Electronic Transactions Association Washington, DC | $10,336,129 | $4,909,988 |
International Association Of Refrigerated Warehouses Arlington, VA | $5,555,867 | $6,081,078 |