C S B S Education Foundation

Tax-deductible

Washington, DC501(c)(3)Public & Societal Benefit EIN 52-1347951Revenue $4.7M in FY2024Latest return filed Nov 12, 2025

On file with the IRScsbs.org1300 I Street Nw 700e, 20005-3314 · Washington, DCTax-exempt since Aug 1984Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the csbs Education Foundation (csbsef) is to fund and direct the learning and development, examiner certification, and department accreditation efforts of a team of staff members from the strategic engagement and products & solutions business units. To that end, the team offers a wide range of on-site and online learning and development programs for regulatory personnel, a variety of examiner certification designations to recognize their professionalism, and accreditation programs for state bank and mortgage regulatory agencies to strengthen the system of state financial supervision.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $22K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$264K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $2.3M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $2.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.4M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+17% vs prior year
Spent
$4.8M
To programs
77%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$2.4M
FY2022$2.9M
FY2023$4.0M
FY2024$4.7M
Expenses
$4.8M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.4M
FY2022$2.9M
FY2023$4.1M
FY2024$4.8M
Net assets
$2.9M
FY20240%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$2.9M
FY2023$2.9M
FY2024$2.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $3.7M Management & general 23% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $264K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO, Secretary
$51,680Pt VII · Sec A
Chief Information Officer
$30,785Pt VII · Sec A
EVP, General Counsel
$30,318Pt VII · Sec A
EVP, Products & Solutions
$27,959Pt VII · Sec A
Chief Counsel to the President
$26,452Pt VII · Sec A
EVP, People Operations
$25,183Pt VII · Sec A
EVP, Policy & Supervision
$24,688Pt VII · Sec A
EVP and CFO, Finance and Office Ops
$23,791Pt VII · Sec A

Brandon Milhorn’s $52K as President and CEO, Secretary is at the 7th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sebastien Monnet————$233,216
Sebastian Monnet——$232,275$230,669—
Mary Beth Quist———$23,218$117,220
John Ryan——$37,530$85,100$60,453
Michael L Stevens————$75,760
James Cooper—$70,075$52,075——
Brandon Milhorn$51,680$3,987———
Thomas E Harlow————$40,754

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See C S B S Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains regulatory personnel, certifies examiners, and accredits state financial agencies.

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Provided by the organization

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3 programs · $3.7M · in their own filed words · FY2024
01

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.

$2.7Mprogram expense
02

Technical Training

These on-site and online programs prepare examiners of banks, trust departments, mortgage companies, and money services businesses in the detailed process of on-site examination and off-site monitoring of these depository and non-depository financial institutions.

$846Kprogram expense
03

Agency Accreditation Program

The accreditation program provides a comprehensive review of the critical elements of a state regulatory agency. The program assesses a regulatory agency's ability to discharge its responsibilities through an investigation of its administration and finances, personnel policies, training programs, examination policies, supervisory…

$149Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$2.4M
Grants paid · 6 grants · $120K · 2020–2024
Unitemized GrantFY2024$7,500
Unitemized GrantFY2023$21,000
Unitemized GrantFY2022$27,050
Unitemized GrantFY2021$40,810
Unitemized GrantFY2020$17,950
Unitemized GrantFY2020$5,563

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$75K
Money outPt IX
$4.8M
Ln 25
Programscol B$3.7M
Managementcol C$1.1M
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$191K
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
25
listed · VII A
PaidVII A9
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$75K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
SavingsLn 2$191K
Cash and savings togetherLn 1–2$191K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1.1M
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.7M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$15K$15K$16K$16K$16K
SpentLn 1d–1f$654$300$49
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$191K
InvestmentsLn 11–13$2.2M$2.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.0M$4.6M
LiabilitiesLn 26$1.1M$1.7M
Net assetsLn 32$2.9M$2.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Pay of current officers, directors and key staffLn 5$175K$175K
Other salaries and wagesLn 7$1.2M$1.1M$100K
Pension plan contributionsLn 8$130K$102K$28K
Other employee benefitsLn 9$208K$133K$75K
Payroll taxesLn 10$96K$76K$19K
Accounting feesLn 11c$736$736
Investment management feesLn 11f$959$959
Other fees for servicesLn 11g$439K$128K$311K
Advertising and promotionLn 12$66K$35K$31K
Office expensesLn 13$124K$48K$76K
Information technologyLn 14$247K$134K$113K
OccupancyLn 16$48K$48K
TravelLn 17$363K$333K$30K
Conferences, conventions and meetingsLn 19$1.6M$1.6M$19K
Other expenses (24a–d)Ln 24$63K$8K$55K
Total functional expensesLn 25$4.8M$3.7M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $4.7M$4.8M−$66K$2.9M 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $4.0M$4.1M−$117K$2.9M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $2.9M$2.9M$10K$2.9M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $2.4M$2.4M−$48K$3.2M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $3.3M$3.1M$113K$3.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,704,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,705,017$2,394,893
I-9 Program service revenuePrior year $2,255,954$2,234,578
I-10 Investment incomePrior year $65,156$75,101
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,026,127$4,704,572
I-13 Grants and similar amounts paidPrior year $21,000$7,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,089,924$1,797,239
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,031,783$2,966,055
I-18 Total expensesPrior year $4,142,707$4,770,794
I-19 Revenue less expensesPrior year −$116,580−$66,222
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,704,572 across 5 lines filed
VIII-1d Related organizations$2,394,893
VIII-1h Total contributions, gifts and grants$2,394,893
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,234,578$2,234,578
VIII-3 Investment incomeExcluded from tax $75,101$75,101
VIII-12 Total revenueRelated to mission $2,234,578 · Unrelated business $0 · Excluded from tax $75,101$4,704,572
Part IX · Statement of functional expenses $4,770,794 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $7,500$7,500
IX-5 Pay of current officers, directors and key staffManagement $174,503$174,503
IX-7 Other salaries and wagesPrograms $1,088,325 · Management $100,111$1,188,436
IX-8 Pension plan contributionsPrograms $101,963 · Management $28,388$130,351
IX-9 Other employee benefitsPrograms $132,864 · Management $75,485$208,349
IX-10 Payroll taxesPrograms $76,338 · Management $19,262$95,600
IX-11c Accounting feesManagement $736$736
IX-11f Investment management feesManagement $959$959
IX-11g Other fees for servicesPrograms $128,437 · Management $310,747$439,184
IX-12 Advertising and promotionPrograms $34,582 · Management $31,236$65,818
IX-13 Office expensesPrograms $47,961 · Management $76,165$124,126
IX-14 Information technologyPrograms $133,975 · Management $112,856$246,831
IX-16 OccupancyManagement $48,482$48,482
IX-17 TravelPrograms $332,772 · Management $30,227$362,999
IX-19 Conferences, conventions and meetingsPrograms $1,595,337 · Management $18,581$1,613,918
IX-24 Other expenses (24a–d)Programs $8,432 · Management $54,570$63,002
IX-25 Total functional expensesPrograms $3,688,486 · Management $1,082,308 · Fundraising $0$4,770,794
Part X · Balance sheet $4,590,687 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,004,382$190,505
X-4 Accounts receivableStart of year $167,491$294,218
X-9 Prepaid expenses and deferred chargesStart of year $254,102$683,016
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,208,964$2,349,325
X-15 Other assetsStart of year $325,971$1,073,623
X-16 Total assetsStart of year $3,960,910$4,590,687
X-17 Accounts payable and accrued expensesStart of year $264,248$67,549
X-19 Deferred revenueStart of year $792,900$1,091,658
X-25 Other liabilitiesStart of year $0$527,718
X-26 Total liabilitiesStart of year $1,057,148$1,686,925
X-27 Net assets without donor restrictionsStart of year $2,892,624$2,892,624
X-28 Net assets with donor restrictionsStart of year $11,138$11,138
X-32 Total net assets or fund balancesStart of year $2,903,762$2,903,762
X-33 Total liabilities and net assetsStart of year $3,960,910$4,590,687
Part XI · Reconciliation of net assets $2,903,762 net assets at year end
XI-1 Total revenue$4,704,572
XI-2 Total expenses$4,770,794
XI-3 Revenue less expenses−$66,222
XI-4 Net assets at start of year$2,903,762
XI-5 Net unrealized gains (losses) on investments$66,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,903,762

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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