Overview
What is Council Of Federal Home Loan Banks?
The Council of Federal Home Loan Banks is a nonprofit organization, headquartered in Washington D.C., specifically at 1800 M Street NW Suite 400S. Its primary function consists of conducting research, educational programs, public relations briefings, and various public affairs activities. The purpose behind these activities is to promote the common interests of its member banks, both private and public. The Council is organized exclusively for the advancement of business interests and the enactment of laws that are advantageous to its member banks. With a modest workforce of five individuals, the Council plays a crucial role in advocating for policies that benefit its member banks.
Official website here: www.fhlbanks.com
Is Council Of Federal Home Loan Banks legitimate?
Council Of Federal Home Loan Banks is a legitimate nonprofit organization registered as a 501(c)(6) entity. Council Of Federal Home Loan Banks 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: $891,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $557,274
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Official website here: www.fhlbanks.com
What is the mission statement of Council Of Federal Home Loan Banks?
The Council of Federal Home Loan Banks is structured primarily to advance the shared business interests and facilitate the enactment of beneficial laws for its member banks. Its mission is carried out through various activities, including research, educational programs, public relations briefings, and public affairs initiatives. These activities are aimed at promoting the common interests of the member banks, both privately and publicly. The Council's objective is to organize in a way that benefits its member banks, ultimately contributing to a more harmonious business environment.
Official website here: www.fhlbanks.com
Who is the CEO of Council Of Federal Home Loan Banks?
Ryan Donovan is the Director of Council Of Federal Home Loan Banks. The CEO's salary of Council Of Federal Home Loan Banks is $181,762 and their total compensation is $210,123.
Official website here: www.fhlbanks.com
What is the revenue of Council Of Federal Home Loan Banks?
Council Of Federal Home Loan Banks's revenue in 2022 was $2,860,095.
Official website here: www.fhlbanks.com
Who are the executives of Council Of Federal Home Loan Banks and what are their salaries?
The average compensation at Council Of Federal Home Loan Banks during 2022 was $289,837. There are 5 employees and 33 volunteers at Council Of Federal Home Loan Banks.
Here are 38 key members and their salaries (Council Of Federal Home Loan Banks's CEO's salary is $181,762 and their total compensation is $210,123):
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- Other: $53,319
Official website here: www.fhlbanks.com
Where can I find the form 990 for Council Of Federal Home Loan Banks?
Council Of Federal Home Loan Banks's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhlbanks.com
Learn more at the official website: www.fhlbanks.com
Mission Statement of Council Of Federal Home Loan Banks
The Council of Federal Home Loan Banks is an organization with a mission primarily focused on promoting shared business interests and advocating for laws that benefit its member banks. Established with this objective, the Council serves as a platform for these banks to collaborate and work towards achieving common goals. To accomplish this, the Council engages in various activities such as conducting research, educational programs, and public relations briefings. These initiatives aim to foster a positive image and contribute to the common private and public interests of the member banks. Additionally, the Council participates in public affairs activities to further its mission and support the well-being of its affiliated banks.
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Impact
October, 2024
The Council of Federal Home Loan Banks significantly impacts the financial landscape by advocating for the common business interests of its member banks. Through research and educational programs, it equips these institutions with the knowledge and resources necessary to navigate regulatory challenges and market dynamics. The Council also conducts public relations briefings and public affairs activities, ensuring that the voice of its members is effectively represented in policy discussions.
By promoting legislation that benefits member banks, the Council enhances the overall stability and competitiveness of the financial sector. This advocacy not only aids member banks but also contributes to broader community improvement by fostering a robust banking environment, which is essential for sustainable economic development. Through its efforts, the Council strengthens the bond between banks and the communities they serve, ultimately supporting the housing finance system.
This information is meant to be a general summary of Council Of Federal Home Loan Banks. 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 2022.
- Investment Income: $70
- Program Service Revenue: $2,860,000
- Gross Receipts: $2,860,095
Assets and Liabilities:
- Total Assets: $2,520,705
- Total Liabilities: $2,119,913
- Net Assets: $400,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,860,000
Organization Details
Founding Year
1998
Phone
(202) 955-0002Principal Officer
Ryan Donovan
Main Address
1800 M STREET NW SUITE 400S, WASHINGTON, DC, 20036
Website
www.fhlbanks.comNTEE Category
Code: S40 - Community improvement
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