Conference of State Bank Supervisors
Nonprofit profile at a glance
- EIN
- 522080072
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Washington, DC, United States
- Phone
- 202-296-2840
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $97,592,138
- Expenses
- $91,495,637
- Assets
- $242,487,406
- Liabilities
- $50,677,969
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- BRANDON MILHORN (PRESIDENT AND CEO)
- LEONARD CHANIN (CHIEF COUNSEL TO THE PRESIDENT)
Highest reported compensation
- BRANDON MILHORN (PRESIDENT AND CEO): $939,303 total reported compensation
- MARGARET LIU (EVP, GENERAL COUNSEL): $510,265 total reported compensation
- NGOC VU (CHIEF INFORMATION OFFICER): $506,990 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CSBS supports state regulators in advancing the system of state financial supervision by promoting safety and soundness, consumer protection and economic growth and fostering innovative, responsive supervision. Vision. CSBS recommended additional measures that the federal banking agencies should take to provide community banks with a simplified regulatory capital framework as they revise the risk-based capital rules. Read More Bipartisan Senate Letter to U.S. Treasury Supports State Stablecoin Frameworks.
What it reported doing in 2024
Conference of state bank supervisors (csbs), on behalf of state regulators, owns and operates nmls, an online licensing, registration, and supervisory platform that brings regulatory efficiency and accountability to the mortgage industry and other nonbank financial services providers.nmls operations began jan. 2, 2008. Congress recognized the value of the new system and that july codified nmls in the secure and fair enforcement for mortgage licensing act of 2008. Known as the "safe act," the law was enacted to enhance consumer protection and reduce fraud through required minimum standards for the licensing and registration of state-licensed mortgage loan originators (mlos). The law also calls on states to implement and enforce these standards, requiring mlos to meet pre-licensure and annual continuing education requirements.state-licensed financial services companies and mlos must maintain an active license through nmls, while federally regulated depository institutions (e.g., banks and credit unions) and the mlos they employ must maintain an active registration. Congress mandates that state licensees and federal registrants must renew their mortgage state license and federal registration, respectively, on an annual basis.in 2024, more than 550,000 individuals were licensed or registered through nmls, more than 34,000 companies held a state license, and another 8,000 companies held a federal registration. While all registrations are from the mortgage industry, the licenses are held by firms engaged in any of the 70-plus nonbank financial activities for which states require licensing, including mortgage, mortgage servicing, money services businesses, consumer finance and debt collection. Recognizing technological advances over the past 16 years, csbs has taken steps to update the nmls platform. This year, we upgraded the login process, allowing users to recover their password without contacting the call center and to consolidate multiple nmls accounts using only one login.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 81
- Program expense ratio: 92.5%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.2%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 2.65; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 81.5% of revenue deployed · 92.5% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $84.6M in reported program spending
- Leadership: top reported pay $939K · 33 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $39.1M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Officer compensation ratio scored 13/100.