CSBS EDUCATION FOUNDATION

EIN: 521347951 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$4,026,127
Total Expenses
$4,142,707
Total Assets
$3,960,910
Net Assets
$2,903,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
DC
Principal Officer
BRANDON MILHORN
Phone
2022962840
Tax Period
2023-01-01 to 2023-12-31

CSBS EDUCATION FOUNDATION, founded in 1984, is a community nonprofit in the Public & Societal Benefit sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE CSBS EDUCATION FOUNDATION IS TO ENHANCE STATE FINANCIAL SUPERVISION, WHICH IS FULFILLED BY PROVIDING: (I) TECHNICAL EXAMINER TRAINING, CONTINUING EXECUTIVE EDUCATION PROGRAMS; (II) AGENCY ACCREDITATION FOR BANK SAFETY AND SOUNDNESS, MORTGAGE, AND MONEY SERVICE BUSINESS SUPERVISION; AND (III) EXAMINER CERTIFICATION FOR MULTIPLE LEVELS OF EXPERTISE AND SPECIALTY AREAS.

Program Service Accomplishments

Program 1
Expenses: $1,698,655 Revenue: $1,467,056

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.

Program 2
Expenses: $501,559 Revenue: $424,303

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...

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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 CSBS EDUCATION FOUNDATION 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.

Program 3
Expenses: $320,087 Revenue: $0

THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) SHARES ITS EMPLOYEES, OFFICE SPACE AND OFFICE SUPPLIES/EQUIPMENT WITH THE CSBS EDUCATION FOUNDATION (THE FOUNDATION). AS A RESULT, CSBS ALLOCATES A...

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THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) SHARES ITS EMPLOYEES, OFFICE SPACE AND OFFICE SUPPLIES/EQUIPMENT WITH THE CSBS EDUCATION FOUNDATION (THE FOUNDATION). AS A RESULT, CSBS ALLOCATES A PORTION OF ITS PERSONNEL AND OVERHEAD COSTS TO THE FOUNDATION THAT WAS USED TO ADVANCE THE FOUNDATION'S THREE PRIMARY AREAS OF FOCUS. HOWEVER, THE FOUNDATION DOES NOT ALLOCATE THESE COSTS TO EACH OF THE INDIVIDUAL PROGRAM SERVICES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,705,017
Program Service Revenue $2,255,954
Investment Income $65,156
Other Revenue $0
TOTAL REVENUE $4,026,127

Expense Breakdown

Grants Paid $21,000
Salaries & Benefits $1,089,924
Fundraising Expenses $0
Program Expenses $2,552,702
Other Expenses $3,031,783
TOTAL EXPENSES $4,142,707

Year-over-Year Comparison

2023 2022 Change
Revenue $4,026,127 $2,916,416 +0.4%
Expenses $4,142,707 $2,906,393 +0.4%
Net Income $-116,580 $10,023 -12.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,534,074
Total Directors
16
$1,048,569
Key Employees
3
$1,465,106
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES COOPER SECRETARY, PRESIDENT/CEO (THRU 12/23) 3.00
Officer Director
$70,075 $102,554 $1,048,569
KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 3.00
Highest
$26,323 $283,075 $638,428
NGOC VU CHIEF INFORMATION OFFICER 3.00
Key Emp
$34,546 $87,728 $554,100
MARGARET LIU EVP, STRATEGIC ENGAGEMENT 3.00
Key Emp
$31,701 $88,319 $516,284
KELLY HAIRE EVP, PEOPLE OPERATIONS 3.00
Highest
$28,627 $84,451 $470,924
TODD SCHARF SR CHIEF INFORMATION SECURITY 3.00
Highest
$28,054 $58,706 $437,431
LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 3.00
Officer
$26,467 $74,229 $431,530
KRIS ROWLEY CHIEF DATA OFFICER 3.00
Highest
$24,612 $69,671 $401,930
BRIDGET PLITT SENIOR VICE PRESIDENT, LEARNING & DEVELOPMENT 37.50
Key Emp
$24,755 $60,524 $394,722
BRANDON MILHORN PRESIDENT AND CEO (AS OF 12/23) 37.50
Officer
$3,987 $147 $53,975
SUSANNAH MARSHALL CHAIR 1.00
Officer Director
$0 $0 $0
KELLY LAMMERS IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
INGRID WHITE VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROSHUNDA KELLY TREASURER (AS OF 6/23) 1.00
Officer Director
$0 $0 $0
TONY SALAZAR TREASURER (THRU 5/23) 1.00
Officer Director
$0 $0 $0
TOM FITE CSBS IMMEDIATE PAST CHAIR (AS OF 6/23) 1.00
Director
$0 $0 $0
MARTY LAMB CERTIFICATION COMM. CHAIR 1.00
Director
$0 $0 $0
MELISSA SNEED PERFORMANCE STANDARDS COMMITTEE CHAIR 1.00
Director
$0 $0 $0
CHRIS ROMANO CONTENT DEV. AND OVERSIGHT COMM CHAIR 1.00
Director
$0 $0 $0
PATTI PERKINS TRUSTEE 1.00
Director
$0 $0 $0
TOD TRULOVE TRUSTEE 1.00
Director
$0 $0 $0
MARILYN DAVIS TRUSTEE 1.00
Director
$0 $0 $0
WENDY RODRIQUEZ TRUSTEE 1.00
Director
$0 $0 $0
MARK HASTIE TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN GORDON TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,026,127 $4,142,707 $3,960,910 $-116,580
2022 $2,916,416 $2,906,393 $4,530,734 $10,023
2021 $2,363,709 $2,411,467 $4,204,118 $-47,758
2020 $3,253,296 $3,140,540 $3,810,502 $112,756
2019 $4,410,039 $4,194,591 $4,114,884 $215,448
2018 $3,979,403 $3,847,502 $3,329,927 $131,901
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