Csbs Education Foundation

“Csbs education foundation's board of trustees are selected and appointed annually by the board chairman of the conference of state bank supervisors, inc., a related tax-exempt organization.”

“Csbs education foundation's annual plan and budget, along with amendments to its bylaws, require approval by the board of directors of the conference of state bank supervisors, inc., a related tax-exempt organization.”

“Csbs education foundation's management team reviews the form 990 prior to filing with the internal revenue service. In addition, the form 990 is posted to the board of trustee's board portal for their review.”

“A revised conflict of interest policy was adopted in december 2023 covering conference of state bank supervisors (csbs) and its affiliated organizations, csbs education foundation (the foundation) and state regulatory registry (srr). This policy refers to these three affiliated organizations collectively as csbs. 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, that they agree to comply with the policy and diclose any potential conflicts of interest. Each form is reviewed by the csbs general counsel to determine if any financial interests are potential conflicts of interest. Potential conflicts for csbs employees are reveiwed by the chief executive officer and if the potential conflict is greater than $5,000, the csbs audit committee will also be consulted. Each potential conflict related to a member of the board of directors or committee with governing board delegated powers will be submitted to and reviewed by the chairman of the board (or in the case where the conflict involves the chairman of the board, the vice chairman) of the respective organization, the chief executive officer, and the president of the respective organization or affiliate (if different).”

“Csbs education foundation does not have its own employees; instead, employees of the conference of state bank supervisors (csbs) are contracted out to work on foundation activities, and the foundation reimburses csbs for these employees at cost. Thus, employees working on foundation activities are subject to csbs' formal policy for determining compensation, which states that the process for determining the compensation of its officers and key employees shall include (1) review and approval by the finance, compensation, and benefits committee of csbs, (2) use of data as to comparable compensation, and (3) contemporaneous documentation and recordkeeping. The finance, compensation and benefits committee of the csbs board of directors has been established in the csbs bylaws as a standing committee, which defines that the committee is responsible for reviewing the annual budget and establishing the investment and general compensation and benefits policies for recommendation to the board of directors for approval. The csbs finance, compensation, and benefits committee completed their last review in july 2020. The chief executive officer's contract (including compensation) was voted and approved by the full board of directors in november 2023.”

“No documents available to the public.”

“Education and training consultants: program service expenses 289,877. Management and general expenses 164,140. Fundraising expenses 0. Total expenses 454,017.”

“The organization's oversight and selection process has not changed from the prior tax year.”