Nonprofit · EIN 54-1877922
COUNCIL OF FEDERAL HOME LOAN BANKS
Tax-exempt · WASHINGTON, DC 20003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,144,110 | $7,240,634 | -$96,524 | $3,720,344 | $2,401,971 | $1,318,373 |
| December 31, 2023 | 990 | $6,600,186 | $5,586,081 | $1,014,105 | $3,531,740 | $2,116,843 | $1,414,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,095,000
- Investment income
- $49,110
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,146,852
- Other salaries and wages
- $1,108,606
- Salaries, compensation and benefits (total)
- $2,685,182
- Professional fundraising fees
- $0
- Legal fees
- $543,906
- Accounting fees
- $40,172
- Occupancy
- $173,088
- Depreciation
- $1,771
Balance sheet and other
- Total assets, start of year
- $3,531,740
- Total assets, end of year
- $3,720,344
- Total liabilities, end of year
- $2,401,971
- Net assets, end of year
- $1,318,373
- Land, buildings and equipment
- $3,007
- Net assets without donor restrictions
- $1,318,373
- Gross receipts
- $7,144,110
- Employees
- 6
- Volunteers
- 34
- Year formed
- 1998
- State of legal domicile
- DC
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 | Other / benefits |
|---|---|---|---|---|
| RYAN DONOVAN | PRESIDENT/CEO Officer | 40 | $763,403 | $59,391 |
| JENNIFER COWELL | EXEC VP POLICY, GOV'T RELA Highest-paid employee | 40 | $367,552 | $63,688 |
| KEYA JACKSON | VP, COO/CORPORATE SECRETARY Officer | 40 | $306,060 | $8,901 |
| PETER GARUCCIO | SVP, COMMUNICATIONS Highest-paid employee | 40 | $299,760 | $14,904 |
| JOHN COMEAU | POLICY ECONOMIST Highest-paid employee | 40 | $274,463 | $23,891 |
| MARIA ZIMMERMAN | SR. EXEC. ASSIST. & EVENT COORDINATOR Highest-paid employee | 1 | $139,665 | $9,243 |
| A FRED MILLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALANNA MCCARGO | OUTGOING DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW S HOWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRY LOCKARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRENDAN MCGILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIDGER COX | OUTGOING DIRECTOR Trustee or director | 2 | $0 | $0 |
| CINDY KONICH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID NASCA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONNA L BOULANGER | OUTGOING DIRECTOR Trustee or director | 2 | $0 | $0 |
35 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLEN Z LAMALE | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| ERIC CHATMA N | DIRECTOR Trustee or director | 2 | $0 |
| F DANIEL DAN SICILIANO | DIRECTOR Trustee or director | 2 | $0 |
| J LYNN ANDERSON | DIRECTOR Trustee or director | 2 | $0 |
| JAMES T ASHWORTH | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| JAMES VANCE | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| JEFF KUZBEL | DIRECTOR Trustee or director | 2 | $0 |
| JOAN OPP | DIRECTOR Trustee or director | 2 | $0 |
| JOE FAZIO | DIRECTOR Trustee or director | 2 | $0 |
| JOHN BURAN | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| JOHN KLEBBA | DIRECTOR Trustee or director | 2 | $0 |
| JOHN WITHERSPOON | DIRECTOR Trustee or director | 2 | $0 |
| JOSE GONZALEZ | DIRECTOR Trustee or director | 2 | $0 |
| KAREN F GREGERSON | DIRECTOR Trustee or director | 2 | $0 |
| KARL BOLLINGBERG | DIRECTOR Trustee or director | 2 | $0 |
| KIRK R MALMBERG | DIRECTOR Trustee or director | 2 | $0 |
| KRIS K WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| LARRY E THOMPSON | DIRECTOR Trustee or director | 2 | $0 |
| LOUISE M HERRLE | DIRECTOR Trustee or director | 2 | $0 |
| MARGO S SCHOLIN | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| MARK E YARDLEY | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL A ERICSON | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE GROSS | DIRECTOR Trustee or director | 2 | $0 |
| MILROY ALEXANDER | DIRECTOR Trustee or director | 2 | $0 |
| R MICHAEL RIGBY | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| ROBERT M FISHER | DIRECTOR Trustee or director | 2 | $0 |
| SALLY INGALLS NELSON | DIRECTOR Trustee or director | 2 | $0 |
| SANJAY BHASIN | DIRECTOR Trustee or director | 2 | $0 |
| SIMONE LAGOMARSINO | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| SUZANNE DEFERIE | DIRECTOR Trustee or director | 2 | $0 |
| TERESA BRYCE BAZEMORE | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| THORNWELL DUNLAP | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY BARRETT | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM MARSH | OUTGOING DIRECTOR Trustee or director | 2 | $0 |
| WINTHROP WATSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN DONOVAN | PRESIDENT/CEO Officer | 40 | $624,868 | $72,677 |
| JENNIFER COWELL | EXEC VP POLICY, GOV'T RELA Highest-paid employee | 40 | $359,259 | $66,211 |
| KEYA JACKSON | VP, COO/CORPORATE SECRETARY Officer | 40 | $312,181 | $29,003 |
| PETER GARUCCIO | SVP, COMMUNICATIONS Highest-paid employee | 40 | $115,000 | $6,000 |
| ANDREW S HOWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRY LOCKARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIDGER COX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CINDY KONICH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONNA L BOULANGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELLEN Z LAMALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIC CHATMA N | DIRECTOR Trustee or director | 2 | $0 | $0 |
| F DANIEL DAN SICILIANO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| J LYNN ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES T ASHWORTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES VANCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE FAZIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN BURAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSE GONZALEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAREN F GREGERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KARL BOLLINGBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIRK R MALMBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRIS K WILLIAMS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LARRY E THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LOUISE M HERRLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARGO S SCHOLIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK E YARDLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL A ERICSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| R MICHAEL RIGBY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT M FISHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANJAY BHASIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SIMONE LAGOMARSINO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE DEFERIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA BRYCE BAZEMORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THORNWELL DUNLAP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY BARRETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM MARSH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WINTHROP WATSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 80 M ST SE STE 425, WASHINGTON, DC 20003-3518
- In care of
- % KEYA JACKSON
- Principal officer (990 for 2024)
- RYAN DONOVAN, 80 M STREET SE SUITE 425, WASHINGTON, DC 20003
- Signed the 990
- RYAN DONOVAN, PRESIDENT/CEO
- Phone
- (202) 955-0002
- Website
- WWW.FHLBANKS.COM
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE COUNCIL IS ORGANIZED EXCLUSIVELY FOR THE PROMOTION OF COMMON BUSINESS INTERESTS AND ENACTMENT OF LAWS BENEFICIAL TO THE MEMBER BANKS OF THE COUNCIL.
Program accomplishments
- THE COUNCIL CONDUCTS RESEARCH AND EDUCATIONAL PROGRAMS, PUBLIC RELATIONS BRIEFINGS, AND OTHER PUBLIC AFFAIRS ACTIVITIES TO PROMOTE THE COMMON PRIVATE AND PUBLIC INTEREST OF THE MEMBER BANKS OF THE COUNCIL.revenue $7,095,000
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
- 54-1877922
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,720,344
- Income (IRS master file)
- $7,144,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,144,110 | $7,240,634 | $3,720,344 | XML |
| 990 | December 2023 | $6,600,186 | $5,586,081 | $3,531,740 | XML |
| 990 | December 2022 | $2,860,095 | $3,236,959 | $2,520,705 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 54-1877922).
Questions about COUNCIL OF FEDERAL HOME LOAN BANKS
- What is the EIN of COUNCIL OF FEDERAL HOME LOAN BANKS?
- The employer identification number (EIN) of COUNCIL OF FEDERAL HOME LOAN BANKS is 54-1877922.
- Is COUNCIL OF FEDERAL HOME LOAN BANKS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to COUNCIL OF FEDERAL HOME LOAN BANKS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL OF FEDERAL HOME LOAN BANKS 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 COUNCIL OF FEDERAL HOME LOAN BANKS 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 COUNCIL OF FEDERAL HOME LOAN BANKS 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 COUNCIL OF FEDERAL HOME LOAN BANKS?
- The 990 for the year ended December 31, 2024 names RYAN DONOVAN.
- Who are the officers and directors of COUNCIL OF FEDERAL HOME LOAN BANKS?
- The 990 for the year ended December 31, 2024 lists 50 people; 6 received compensation from the organization, the highest $763,403 (RYAN DONOVAN, PRESIDENT/CEO).
- How much revenue does COUNCIL OF FEDERAL HOME LOAN BANKS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,144,110, expenses of $7,240,634 and total assets of $3,720,344 at year end.
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