Overview
What is The Clearing House Association Llc?
The Clearing House Association Llc, established in 1853 by prominent American banks, serves as a nonpartisan advocacy organization for its member banks and the broader banking sector. Their mission is to foster a secure, robust, and competitive banking system that meets the needs of customers, communities, and contributes to economic growth. Although the information provided is limited, it suggests that The Clearing House Association Llc may have historically had functions similar to a central bank, facilitating financial transactions, setting monetary policies, and potentially issuing a form of currency before the establishment of the Federal Reserve. However, the current activities or schedule of the organization are not disclosed in the provided information.
Official website here: www.theclearinghouse.org
Is The Clearing House Association Llc legitimate?
The Clearing House Association Llc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Clearing House Association Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $729,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theclearinghouse.org
What is the mission statement of The Clearing House Association Llc?
The Clearing House Association Llc, established in 1853, serves as a nonpartisan advocacy organization representing the interests of its member banks and the broader banking industry. Its mission is to develop and promote policies that support a safe, sound, and competitive banking system, benefiting customers, communities, and fostering economic growth. The organization's primary goal is to uphold the well-being of the banking sector, ensuring it serves its clients and contributes positively to the nation's economic development.
Official website here: www.theclearinghouse.org
Who is the CEO of The Clearing House Association Llc?
Christopher M Gorman Supervisory Di is the CEO of The Clearing House Association Llc The CEO's salary of The Clearing House Association Llc is $0 and their total compensation is $0.
Official website here: www.theclearinghouse.org
What is the revenue of The Clearing House Association Llc?
The Clearing House Association Llc's revenue in 2023 was $5,276,220.
Official website here: www.theclearinghouse.org
Who are the executives of The Clearing House Association Llc and what are their salaries?
There 25 volunteers at The Clearing House Association Llc.
Here are 31 key members and their salaries (The Clearing House Association Llc's CEO's salary is $0 and their total compensation is $0):
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- Related: $3,395,081
- Other: $51,370
- Compensation: $0
- Related: $1,455,995
- Other: $87,039
- Compensation: $0
- Related: $721,210
- Other: $69,511
- Compensation: $241,848
- Related: $899,809
- Other: $88,889
- Compensation: $47,305
- Related: $322,109
- Other: $20,322
- Compensation: $219,969
- Related: $9,275
- Other: $18,270
Official website here: www.theclearinghouse.org
Where can I find the form 990 for The Clearing House Association Llc?
The Clearing House Association Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theclearinghouse.org
Learn more at the official website: www.theclearinghouse.org
Mission Statement of The Clearing House Association Llc
The Clearing House Association LLC, established in 1853, is a nonpartisan advocacy organization that represents the interests of its member banks and the broader banking industry. Its mission is to promote policies that support a safe, sound, and competitive banking system that serves customers, communities, and contributes to economic growth. The organization works tirelessly to develop and advocate for these policies, striving to ensure a robust and resilient banking sector that can effectively meet the financial needs of individuals and businesses alike. By representing the collective voice of its member banks, The Clearing House Association LLC plays a crucial role in shaping the banking landscape, fostering an environment that encourages growth and stability within the industry.
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Impact
October, 2024
The Clearing House Association LLC plays a crucial role in shaping the U.S. banking landscape. Established in 1853 by leading banks, it laid the groundwork for modern banking practices long before the Federal Reserve was created. Its impact can be seen in various areas:
1. **Policy Advocacy**: The organization actively represents the interests of its member banks and the broader banking industry. It develops and promotes policies that ensure a safe, sound, and competitive banking system, directly influencing regulations that affect financial stability and consumer trust.
2. **Economic Growth Support**: By fostering a robust banking environment, The Clearing House contributes to economic growth. Policies developed by the association aim to create conditions that support investment, lending, and overall economic development.
3. **Community Impact**: The Clearing House emphasizes the importance of its member banks in serving communities. By advocating for policies that enhance the banking sector's ability to meet customer needs, it plays a key role in improving community investments and services.
4. **Historical Functions**: Originally functioning as a quasi-central bank, The Clearing House facilitated exchanges among banks, set monetary policy, and even managed currency issuance. The legacy of these functions continues to influence modern banking operations.
Overall, The Clearing House Association LLC's impact is profound, affecting regulatory frameworks, community banking practices, and the stability of the financial system, all while advocating for the interests of its member institutions.
This information is meant to be a general summary of The Clearing House Association Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $5,276,220
- Gross Receipts: $5,276,220
Assets and Liabilities:
- Total Assets: $10,659,631
- Total Liabilities: $1,906,795
- Net Assets: $8,752,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSOCIATION MEMBER BAN
Revenue
$3,300,000
ANNUAL BUSINESS AND ME
Revenue
$1,976,220
Organization Details
Founding Year
1998
Principal Officer
Darrell Walsh
Website
www.theclearinghouse.orgNTEE Category
Code: S40 - Community improvement
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