Nonprofit · EIN 13-5272860
CLEARING HOUSE ASSOCIATION LLC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,231,649 | $3,870,540 | $1,361,109 | $15,364,179 | $2,841,904 | $12,522,275 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,227,775
- Investment income
- $3,874
- Net gain from sales of assets
- -$5,141
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $985,179
- Salaries, compensation and benefits (total)
- $1,018,370
- Professional fundraising fees
- $0
- Legal fees
- $838,715
- Accounting fees
- $118,319
- Travel
- $17,069
- Depreciation
- $120,119
Balance sheet and other
- Total assets, start of year
- $12,207,545
- Total assets, end of year
- $15,364,179
- Total liabilities, end of year
- $2,841,904
- Net assets, end of year
- $12,522,275
- Land, buildings and equipment
- $216,008
- Net assets without donor restrictions
- $12,522,275
- Gross receipts
- $5,306,563
- Employees
- 0
- Volunteers
- 22
- Year formed
- 1998
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WATSON | CEO Officer | 2 | $0 | $2,352,639 | $135,791 |
| STEPHANIE HELLER | EVP GENERAL COUNSEL Key employee | 7 | $0 | $1,163,984 | $123,725 |
| DARRELL WALSH | CFO Officer | 3 | $0 | $718,409 | $69,246 |
| RODNEY ABELE | VP DIRECTOR OF LEGISLATIVE & REGULATORY AFFAIRS Key employee | 35 | $0 | $390,843 | $29,779 |
| CYNTHIA ADAMS SUPERVISOR DIR | GEN COUNSEL, THE TORONTO-DOMINION BANK Trustee or director | 1 | $0 | $0 | $0 |
| JAMES CHOSY SUPERVISORY DIR | EVP, GEN COUNSEL AND SEC, U.S. BANK NATIONAL ASSOC Trustee or director | 1 | $0 | $0 | $0 |
| MATT COOPER SUPERVISORY DIR | GEN COUNSEL, CAPITAL ONE, NATIONAL ASSOCIATION Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY COX SUPERVISORY DIR | US GEN COUNSEL & CRO, BMO BANK NATIONAL ASSOCIATIO Trustee or director | 1 | $0 | $0 | $0 |
| STACEY FRIEDMAN SUPERVISORY DIR | GEN COUNSEL, JPMORGAN CHASE BANK, NATIONAL ASSOCIA Trustee or director | 1 | $0 | $0 | $0 |
| VON HAYS SUPERVISORY DIR | CLO/GEN COUNSEL, COMERICA BANK Trustee or director | 1 | $0 | $0 | $0 |
| MARCY HINGST SUPERVISORY DIR | GEN COUNSEL, THE HUNTINGTON NATIONAL BANK Trustee or director | 1 | $0 | $0 | $0 |
| POLLY KLANE SUPERVISORY DIR | GEN COUNSEL & CLO, CITIZENS BANK, NATIONAL ASSOCIA Trustee or director | 1 | $0 | $0 | $0 |
| CRYSTAL LALIME SUPERVISORY DIR | GEN COUNSELOF CORPORATE AND INVESTMENT BANK AND B Trustee or director | 1 | $0 | $0 | $0 |
| LAURA LONG SUPERVISORY DIR | EVP & CAO, PNC BANK, NATIONAL ASSOCIATION Trustee or director | 1 | $0 | $0 | $0 |
| J KEVEN MCCARTHY SUPERVISORY DIR | GEN COUNSEL, THE BANK OF NEW YORK MELLON Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENT MCINTOSH SUPERVISORY DIR | GEN COUNSEL & CORPORATE SECRETARY, CITIBANK, N.A. Trustee or director | 1 | $0 |
| LAUREN MOGENSEN SUPERVISORY DIR | GLOBAL GEN COUNSEL, BANK OF AMERICA, NATIONAL ASSO Trustee or director | 1 | $0 |
| LAURA O'HARA SUPERVISORY DIR | GEN COUNSEL, MANUFACTURERS AND TRADERS TRUST COMPA Trustee or director | 1 | $0 |
| ELLEN PATTERSON SUPERVISORY DIR | CHAIR, SEVP & GEN COUNSEL, WELLS FARGO BANK, NATIO Trustee or director | 1 | $0 |
| KAREN PELZER SUPERVISORY DIR | GEN COUNSEL, DEUTSCHE BANK TRUST COMPANY AMERICAS Trustee or director | 1 | $0 |
| TARA ANN PLIMPTON SUPERVISORY DIR | SEVP, GEN COUNSEL & CORP SEC EXECUTIVE COUNCIL AND Trustee or director | 1 | $0 |
| SCOTT STENGEL SUPERVISORY DIR | CLO, HEAD OF GOV AFFAIRS & CORP SEC, TRUIST BANK Trustee or director | 1 | $0 |
| CURTIS TAO SUPERVISORY DIR | SEVP & GEN COUNSEL, HSBC BANK USA, NATIONAL ASSOCI Trustee or director | 1 | $0 |
| JAMES WATERS SUPERVISORY DIR | GEN COUNSEL & CORPORATE SEC, KEYBANK NATIONAL ASSO Trustee or director | 1 | $0 |
| BRIAN YOSHIDA SUPERVISORY DIR | CLO, BANCO SANTANDER, SA Trustee or director | 1 | $0 |
| SUSAN ZAUNBRECHER SUPERVISORY DIR | EVP-CLO & BOARD SEC, FIFTH THIRD BANK, NATIONAL AS Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1114 AVENUE OF THE AMERICAS 17TH F, NEW YORK, NY 10036-7703
- Principal officer (990 for 2024)
- DAVID WATSON, 1114 AVENUE OF THE AMERICAS 17TH FL, NEW YORK, NY 10036
- Signed the 990
- DARRELL WALSH, CFO
- Phone
- (212) 613-0100
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- THE CLEARING HOUSE ASSOCIATION L.L.C IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS THE INTERESTS OF ITS MEMBER BANKS AND THE BROADER BANKING INDUSTRY BY DEVELOPING AND PROMOTING POLICIES TO SUPPORT A SAFE, SOUND, AND COMPETITIVE BANKING SYSTEM THAT SERVES CUSTOMERS, COMMUNITIES, AND SUPPORTS ECONOMIC GROWTH.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5272860
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,364,179
- Income (IRS master file)
- $5,306,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,276,220 | $3,463,407 | $12,207,545 | IRS |
| 990 | December 2022 | $5,607,292 | $3,954,626 | $10,659,631 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CLEARING HOUSE ASSOCIATION LLC
- What is the EIN of CLEARING HOUSE ASSOCIATION LLC?
- The employer identification number (EIN) of CLEARING HOUSE ASSOCIATION LLC is 13-5272860.
- Is CLEARING HOUSE ASSOCIATION LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1947.
- Are donations to CLEARING HOUSE ASSOCIATION LLC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CLEARING HOUSE ASSOCIATION LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLEARING HOUSE ASSOCIATION LLC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEARING HOUSE ASSOCIATION LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CLEARING HOUSE ASSOCIATION LLC?
- The 990 for the year ended December 31, 2024 names DAVID WATSON.
- Who are the officers and directors of CLEARING HOUSE ASSOCIATION LLC?
- The 990 for the year ended December 31, 2024 lists 26 people; 0 received compensation from the organization.
- How much revenue does CLEARING HOUSE ASSOCIATION LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,231,649, expenses of $3,870,540 and total assets of $15,364,179 at year end.
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