Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Doing Business As
CSBS
 
Number and street (or P.O. box if mail is not delivered to street address)
1129 20TH STREET NW NO 900
 
Room/suite
City or town, state or country, and ZIP + 4
WASHINGTON, DC20036
D Employer identification number

52-2080072
E Telephone number

G Gross receipts $ 72,590,715
F Name and address of principal officer:
A NEIL MILNER
1129 20TH STREET NW NO 900
WASHINGTON,DC20036
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.CSBS.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1996
M State of legal domicile: DC
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM; ENHANCING CONSUMER PROTECTION; ENSURING SAFETY AND SOUNDNESS; PROMOTING ECONOMIC GROWTH; AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 20
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 20
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 59
6 Total number of volunteers (estimate if necessary) .... 6 20
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 21,244,862 72,233,955
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 21,462 33,858
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 13,492 331,777
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 21,279,816 72,599,590
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 511,000 511,000
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 5,367,684 6,762,235
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 14,628,953 48,652,149
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 20,507,637 55,925,384
19 Revenue less expenses. Subtract line 18 from line 12...... 772,179 16,674,206
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 19,948,793 37,661,063
21 Total liabilities (Part X, line 26)............ 15,864,037 16,763,546
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 4,084,756 20,897,517
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: THE MISSION OF THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM; ENHANCING CONSUMER PROTECTION; ENSURING SAFETY AND SOUNDNESS; PROMOTING ECONOMIC GROWTH; AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY.THE STATE BANKING DEPARTMENTS REGULATE VARIOUS TYPES OF FINANCIAL ACTIVITY WITHIN THEIR JURISDICTIONS, INCLUDING INSURED DEPOSITORY INSTITUTIONS SUCH AS BANKS, CREDIT UNIONS AND THRIFTS, MORTGAGE LENDERS, CONSUMER FINANCE LENDERS, PAYDAY LENDERS, CHECKER CASHERS, AND MONEY SERVICES BUSINESSES.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
THE LARGEST PROGRAM IS THE ONGOING OPERATION OF THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS). NMLS IS THE LICENSING SYSTEM OF RECORD FOR MORTGAGE REGULATORY AGENCIES IN ALL 50 STATES, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND U.S. VIRGIN ISLANDS. NMLS IS THE OFFICIAL AND SOLE SYSTEM FOR MORTGAGE COMPANIES AND INDIVIDUALS SEEKING TO APPLY FOR, AMEND, RENEW AND SURRENDER LICENSES MANAGED IN NMLS ON BEHALF OF STATE REGULATORY AGENCIES. NMLS ITSELF DOES NOT GRANT OR DENY LICENSE AUTHORITY. LAUNCHED IN JANUARY 2008, NMLS IS OPERATED BY STATE REGULATORY REGISTRY LLC (SRR), A WHOLLY OWNED SUBSIDIARY OF CSBS, ON BEHALF OF STATE REGULATORS. THE SECURE AND FAIR ENFORCEMENT OF MORTGAGE LICENSING ACT OF 2008 (THE SAFE ACT) INTRODUCED NEW REQUIREMENTS FOR LICENSEES, SUCH AS CRIMINAL BACKGROUND CHECKS, A CREDIT HISTORY REVIEW, PRE-LICENSURE EDUCATION REQUIREMENTS, AND BOTH A NATIONAL AND STATE-SPECIFIC TEST COMPONENTS EACH APPLICANT MUST PASS TO OBTAIN A LICENSE. AS OF NOVEMBER 1, 2010, ALL OF THESE FUNCTIONALITIES ARE AVAILABLE THROUGH NMLS. ALSO, THE SAFE ACT REQUIRES NMLS TO PROVIDE LICENSING INFORMATION AND EMPLOYMENT HISTORY INFORMATION TO CONSUMERS FREE OF CHARGE. NMLS MET THIS REQUIREMENT IN JANUARY 2010 BY LAUNCHING NMLS CONSUMER ACCESS (WWW.NMLSCONSUMERACCESS.ORG), A WEBSITE FOR THE PUBLIC TO CONFIRM THAT THE MORTGAGE COMPANY OR MORTGAGE PROFESSIONALS WITH WHOM THEY WISH TO CONDUCT BUSINESS IS LICENSED IN THEIR STATE. IN ADDITION, THE SAFE ACT REQUIRES ALL MORTGAGE LOAN ORIGINATORS AFFILIATED WITH AN INSURED DEPOSITORY INSTITUTION TO BE REGISTERED WITH NMLS. REGISTRATION OF THESE INDIVIDUALS HAS BEEN COMPLETED ON JULY 29, 2011.IN 2010, MAJOR MILESTONES ACHIEVED BY THE STATES, CSBS, SRR, AND THE NMLS INCLUDED:--> 24 NEW STATE AGENCIES BEGAN USING NMLS AS THE SYSTEM OF RECORD FOR THEIR LICENSEES, BRINGING THE TOTAL NUMBER OF STATE AGENCIES PARTICIPATING ON NMLS TO 58.--> ALL STATES REQUIRED LICENSEES TO MEET STATE LAW REQUIREMENTS CONTAINED IN THE SAFE ACT.--> SRR ENTERED INTO A CONTRACT WITH FEDERAL FINANCIAL REGULATORY AGENCIES TO MODIFY NMLS TO REGISTER MORTGAGE LOAN ORIGINATORS AND THEIR EMPLOYERS THAT ARE DEPOSITORY OR FARM CREDIT INSTITUTIONS, OR FEDERALLY REGULATED OPERATING SUBSIDIARIES.--> MAJOR FUNCTIONALITY COMPONENTS WERE ADDED TO THE NMLS, INCLUDING NMLS CONSUMER ACCESS, CRIMINAL BACKGROUND CHECKS, CREDIT CHECKS, ENHANCED RENEWALS AND REGISTRATION OF DEPOSITORY MORTGAGE LOAN ORIGINATORS (REGISTRATION BECAME OPERATIONAL ON JANUARY 31, 2011).--> NMLS DEVELOPED AND LAUNCHED 27 ADDITIONAL UNIQUE STATE TEST COMPONENTS FOR MORTGAGE LOAN ORIGINATORS FOR A TOTAL OF ONE NATIONAL AND 52 INDIVIDUAL STATE TEST COMPONENTS. NMLS ADMINISTERED MORE THAN 368,000 TEST COMPONENTS IN 2010, BRINGING THE TOTAL ADMINISTERED SINCE JULY 2009 TO 396,390 TEST COMPONENTS.--> NMLS CONTINUED TO MANAGE EXISTING CONTINUING EDUCATION COURSE PROVIDERS AND APPROVE NEW COURSE PROVIDERS. IN 2010, 90 NEW COURSE PROVIDERS WERE APPROVED, FOR A TOTAL OF 247 APPROVED COURSE PROVIDERS, WHO DELIVERED 1,913,903 HOURS OF EDUCATION THROUGH 974 NMLS-APPROVED COURSES.--> THE MORTGAGE TESTING AND EDUCATION BOARD (MTEB) CONDUCTED NUMEROUS ADMINISTRATIVE PROCEDURES CONCERNING MORTGAGE LOAN ORIGINATOR TESTING AND EDUCATION MATTERS, COURSES AND PROVIDERS.--> AS PART OF SAFE ACT REQUIREMENTS FOR MORTGAGE LOAN ORIGINATORS, NMLS IMPLEMENTED AND COMPLETED A STATE AGENCY CERTIFICATION PROCESS TO RECOGNIZE PREVIOUSLY COMPLETED STATE TESTING AND EDUCATION.--> SRR HELD TWO PUBLIC INDUSTRY MEETINGS WITH THE NMLS OMBUDSMAN. --> NMLS MANAGED 176,032 UNIQUE ENTITIES (COMPANIES, BRANCHES, AND MORTGAGE LOAN ORIGINATORS) WHICH HELD 296,975 STATE LICENSES FROM THE 58 PARTICIPATING STATE AGENCIES.--> FOUR STATE MORTGAGE REGULATORY AGENCIES RECEIVED CERTIFICATES OF ACCREDITATION BY THE CSBS/AARMR MORTGAGE ACCREDITATION PROGRAM. SUCH AGENCIES ARE CONSIDERED COMPLIANT WITH THE SAFE ACT SUPERVISORY PERFORMANCE STANDARDS UNDER THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S PROPOSED SAFE ACT RULE.--> NMLS COLLECTED AND DISBURSED $76 MILLION IN STATE LICENSE FEES.--> THE NMLS CALL CENTER ANSWERED MORE THAN 739,865 INQUIRIES FROM USERS.--> THE NMLS RESOURCE CENTER WEBSITE RECEIVED 4.6 MILLION VISITS.--> SRR CONDUCTED MORE THAN 29 INDUSTRY AND REGULATOR USER TRAINING SESSIONS, INSTRUCTING MORE THAN 2,500 PROFESSIONALS.--> NMLS PROCESSING FEES REMAINED UNCHANGED FOR THE THIRD STRAIGHT YEAR OF NMLS OPERATIONS.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
THE CSBS STATE-FEDERAL SUPERVISORY SYMPOSIUM (SFSF), WHICH WAS HELD IN BOSTON, MA IN MAY 2010, WAS HELD TO PROVIDE A FORUM FOR STATE AND FEDERAL FINANCIAL REGULATORS TO DISCUSS REGULATORY AND LEGISLATIVE POLICY ISSUES FACING FINANCIAL REGULATORS AND THE FINANCIAL SYSTEM AS A WHOLE. THE SFSF PROVIDED ALL ATTENDEES AN OPPORTUNITY TO ENGAGE IN FRANK DIALOGUE ON THE CHALLENGES AND OPPORTUNITIES FACING STATE AND FEDERAL REGULATORS ALIKE. THIS YEAR'S SFSF WAS ATTENDED BY 86 STATE REGULATORS FROM 36 STATES AS WELL AS 48 FEDERAL REGULATORS REPRESENTING EIGHT FEDERAL AGENCIES, INCLUDING THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE SYSTEM, THE FINANCIAL CRIMES ENFORCEMENT NETWORK, AND THE OFFICE OF THE COMPTROLLER OF THE CURRENCY.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
THE CSBS REGULATORY DIVISION CONTINUED TO ENHANCE AND EXPAND ITS WORK OVER THE PAST YEAR. THE REGULATORY DIVISION HAS FACILITATED COORDINATION AMONG THE FEDERAL REGULATORY AGENCIES (THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FARM CREDIT ADMINISTRATION, THE FEDERAL RESERVE SYSTEM, THE NATIONAL CREDIT UNION ADMINISTRATION, THE OFFICE OF THE COMPTROLLER OF THE CURRENCY, AND THE OFFICE OF THRIFT SUPERVISION) TO FINALIZE REGULATIONS REQUIRING MORTGAGE LOAN ORIGINATORS AFFILIATED WITH INSURED DEPOSITORY INSTITUTIONS TO REGISTER WITH THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS). REGISTRATION OF THESE INDIVIDUALS BEGAN ON JANUARY 31, 2011.THE REGULATORY DIVISION HAS ALSO BEEN WORKING ON THE RECENTLY-ENACTED DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010. THE DODD-FRANK ACT REQUIRED SUBSTANTIAL WORK BY CSBS STAFF TO REVIEW AND ANALYZE THE LAW AND HOW IT WILL IMPACT STATE REGULATORS AND STATE-SUPERVISED ENTITIES. WORK IN THIS AREA REMAINS ONGOING.THE CSBS REGULATORY DIVISION ALSO SERVED AS A LIAISON BETWEEN STATE REGULATORS AND THEIR FEDERAL COUNTERPARTS TO ENSURE CONSISTENT AND COMPREHENSIVE SUPERVISION OF STATE-CHARTERED BANKS THROUGHOUT THE ECONOMIC CRISIS AND FINANCIAL DOWNTURN. FOR EXAMPLE, CSBS STAFF HAS FACILITATED DIALOGUE WITH STAFF OF THE NEWLY CREATED CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) TO ENSURE THEY UNDERSTAND THE VALUABLE AND CRITICAL ROLE THE STATES PLAY IN CONSUMER PROTECTION. AS A FIRST STEP IN STREAMLINING THE SUPERVISORY PROCESS BETWEEN THE STATES AND THE CFPB, THE CFPB SIGNED AN INFORMATION SHARING MEMORANDUM OF UNDERSTANDING WITH CSBS AND SEVERAL STATES IN JANUARY 2011. THE AGREEMENT PROVIDES A FRAMEWORK FOR COORDINATION AND INFORMATION SHARING, WHICH THE STATES AND THE CFPB CAN BUILD UPON AS THEY MOVE FORWARD.CSBS STAFF ALSO CONTINUED TO PARTICIPATE IN THE DEVELOPMENT OF INTERAGENCY EXAMINATION TOOLS AND ENHANCED THE CSBS WEBSITE WITH RESOURCES FOR STATE EXAMINERS TO UTILIZE AS THEY SUPERVISE FINANCIAL INSTITUTIONS.
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$  
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? ........
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part IIIClick to see attachment........................
5
Yes
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
 
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
24
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
59
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
Yes
 
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
Yes
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
 
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
20
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
20
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
Yes
 
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
Yes
 
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
THE ORGANIZATION
1129 20TH STREET NW NO 900
WASHINGTON,DC20036
(202) 296-2840
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) JOHN P DUCREST
CHAIRMAN
 3.00 X   X       0 0 0
(2) WILLIAM S HARAF
CHAIRMAN-ELECT
 3.00 X   X       0 0 0
(3) GREG GONZALES
VICE CHAIRMAN
 3.00 X   X       0 0 0
(4) CANDACE A FRANKS
SECRETARY
 3.00 X   X       0 0 0
(5) CHARLES A VICE
TREASURER
 3.00 X   X       0 0 0
(6) JOSEPH A SMITH JR
IMMEDIATE PAST CHAIR
 3.00 X   X       0 0 0
(7) SCOTT D CLARKE
EFSBS CHAIRMAN
 3.00 X           0 0 0
(8) GAVIN M GEE
SRR CHAIRMAN
 3.00 X           0 0 0
(9) JAMES M SCHIPPER
BANKER ADVISORY BOARD CO-CHAIR
 3.00 X           0 0 0
(10) CHARLES G COOPER
LEGISLATIVE CMTE CHAIR
 3.00 X           0 0 0
(11) MARK KAUFMAN
REGULATORY CMTE CHAIR
 3.00 X           0 0 0
(12) VAUGHN M NORING
SSPC CHAIR
 3.00 X           0 0 0
(13) J THOMAS CARDWELL
FBRC CHAIR
 3.00 X           0 0 0
(14) LLOYD P LAFOUNTAIN III
DISTRICT I CHAIR
 3.00 X           0 0 0
(15) DAVID H MILLS
DISTRICT II CHAIR
 3.00 X           0 0 0
(16) JOHN D HARRISON
DISTRICT III CHAIR
 3.00 X           0 0 0
(17) ROBERT J ENTRINGER
DISTRICT IV CHAIR
 3.00 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) DAVID C TATMAN
DISTRICT V CHAIR
 3.00 X           0 0 0
(19) SCOTT JARVIS
MEMBER-AT-LARGE
 3.00 X           0 0 0
(20) LAUREN KINGRY
MEMBER-AT-LARGE
 3.00 X           0 0 0
(21) ARTHUR NEIL MILNER
PRESIDENT AND CEO
 37.50     X       517,941 57,549 43,116
(22) SHARON G BIAS
CHIEF FINANCIAL OFFICER (JAN-JULY)
 37.50     X       146,802 16,312 9,044
(23) THOMAS E HARLOW
CHIEF FINANCIAL OFFICER (SEPT-DEC)
 37.50     X       86,281 9,587 4,593
(24) JOHN RYAN
EXECUTIVE VICE PRESIDENT
 37.50       X     351,174 0 26,508
(25) WILLIAM MATTHEWS
SRR PRESIDENT AND CEO
 37.50       X     274,698 0 19,624
(26) JOHN GORMAN
GENERAL COUNSEL
 37.50       X     274,368 0 36,930
(27) MICHAEL STEVENS
SVP, REGULATORY POLICY
 37.50       X     222,737 24,749 19,093
(28) MARGARET LIU
SVP, LEGISLATIVE & DEPUTY GEN CNSL
 37.50       X     239,077 0 20,430
(29) BARBARA MICHELS
SRR CHIEF TECHNOLOGY OFFICER
 37.50       X     232,655 0 16,719
(30) TIMOTHY DOYLE
SRR VP, MORTGAGE POLICY/OPERATIONS
 37.50       X     213,238 0 17,894
(31) PETER MARKS
SRR VP, TESTING & EDUCATION PROGRAMS
 37.50       X     155,691 0 20,154
(32) MARY BETH QUIST
SVP, SUPERVISORY PROCESSES
 37.50         X   164,566 18,286 25,949
(33) CHARLES CROSS
VP, MORTGAGE REGULATORY POLICY
 37.50         X   94,328 94,328 17,662
(34) PETER WALLACE
SRR SR. DIR., PROJECT MANAGEMENT
 37.50         X   121,919 0 15,083
(35) VICKIE SLATER
SRR SR. DIR., OPERATIONS
 37.50         X   121,537 0 4,443
(36) MARY PFAFF
SRR SR. DIR., POLICY
 37.50         X   117,511 0 17,132
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,334,523 220,811 314,374
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet23
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
FINANCIAL INDUSTRY REGULATORY AUTHORITY
9509 KEY WEST AVE
ROCKVILLE,MD20850 		DEVELOPMENT/HOSTING OF NMLS 40,380,333
FEDERAL BUREAU OF INVESTIGATION CJIS DI
1000 CUSTER HOLLOW RD
CLARKSBURG,WV26306 		NMLS CRIMINAL BACKGROUND CHECKS 2,522,123
FIELDPRINT
400 LIPPINCOTT DR SUITE 114
MARLTON,NJ08053 		NMLS FINGERPRINTING SERVICES 1,708,071
TMT DEMONET
PO BOX 13606
NEWARK,NJ07188 		LANDLORD OF OFFICE SPACE 860,470
PRINCIPAL GROUP
PO BOX 9394
DES MOINES,IA50306 		PENSION ADMINISTRATOR/ACTUARY 559,846
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet10
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet  
Program Service Revenue Business Code
2a MLO TESTING/EDUCATION 900,099 37,227,978 37,227,978    
b NMLS PROCESSING FEES 518,210 29,741,211 29,741,211    
c MEMBERSHIP DUES/ASSESS 900,099 5,115,725 5,115,725    
d SFSF & ANNUAL MEETING 900,099 114,897 114,897    
e EVENTS/SUMMITS 900,099 22,925 22,925    
f All other program service revenue . 11,219 11,219    
g Total. Add lines 2a–2f........MediumBullet 72,233,955
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 22,383     22,383
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory   2,600
b Less: cost or other basis and sales expenses   -8,875
c Gain or (loss)   11,475
d Net gain or (loss)..........MediumBullet 11,475     11,475
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a GAIN FROM SETTLEMENT 900,099 321,782 321,782    
b MISCELLANEOUS 900,099 9,995     9,995
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 331,777
12 Total revenue. See Instructions....MediumBullet 72,599,590 72,555,737 0 43,853
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 511,000  
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 3,255,951      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 2,228,935      
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 859,094      
9 Other employee benefits ....... 70,785      
10 Payroll taxes ........... 347,470      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 80,299      
c Accounting ........... 70,467      
d Lobbying ........... 18,500      
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other .......... 260,086      
12 Advertising and promotion .... 23,972      
13 Office expenses ....... 295,947      
14 Information technology ...... 12,371,146      
15 Royalties ..        
16 Occupancy ........... 836,847      
17 Travel ............ 295,606      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 337,262      
20 Interest ........... 151,021      
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 3,298,393      
23 Insurance .............. 57,583      
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a MLO TESTING FEES 18,517,437      
b FINGERPRINT PROCESSING 6,066,461      
c MLO EDUC COURSE FEES 2,819,303      
d BANK CHARGES 2,088,470      
e CREDIT REPORT FEES 665,654      
f All other expenses 397,695      
25 Total functional expenses. Add lines 1 through 24f 55,925,384      
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 162,975 1 177,174
2 Savings and temporary cash investments ....... 3,165,935 2 12,507,280
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 844,624 4 1,879,991
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 184,115 9 585,725
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 26,838,763
b Less: accumulated depreciation. ..... 10b 7,009,517 14,035,039 10c 19,829,246
11 Investments—publicly traded securities .......... 1,065,508 11 1,225,874
12 Investments—other securities. See Part IV, line 11 ......   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 490,597 15 1,455,773
16 Total assets. Add lines 1 through 15 (must equal line 34)... 19,948,793 16 37,661,063
Liabilities 17 Accounts payable and accrued expenses . 3,873,716 17 9,953,257
18 Grants payable ..........   18  
19 Deferred revenue .......... 2,997,469 19 2,326,313
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .... 4,994,763 24 19,063
25 Other liabilities. Complete Part X of Schedule D..... 3,998,089 25 4,464,913
26 Total liabilities. Add lines 17 through 25..... 15,864,037 26 16,763,546
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 4,084,756 27 20,897,517
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 4,084,756 33 20,897,517
34 Total liabilities and net assets/fund balances ..... 19,948,793 34 37,661,063
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
72,599,590
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
55,925,384
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
16,674,206
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
4,084,756
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
138,555
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
20,897,517
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number

52-2080072
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots non-taxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
 
 
j
Total. lines 1c through 1i ...................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
No
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
No
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
No
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
5,115,725
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
335,345
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
335,345
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
0
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
335,345
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number

52-2080072
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c 2,555,433
d Additions during the year .............................. 1d 139,478,198
e Distributions during the year ............................. 1e 139,117,068
f Ending balance ................................... 1f 2,916,563
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............   321,927 274,779 47,148
d Equipment ................   1,011,105 676,266 334,839
e Other .................   25,505,731 6,058,472 19,447,259
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 19,829,246
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
ACCRUED PENSION COST 2,768,027
DAY WITH THE COMMISSIONER 68,704
DEFERRED COMPENSATION LIABILITY 371,374
DUE TO RELATED ORGANIZATION 1,255,205
FUNDS HELD FOR OTHERS 1,603




Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 4,464,913
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 72,599,590
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 55,925,384
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 16,674,206
4 Net unrealized gains (losses) on investments .......................... 4 138,555
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 138,555
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 16,812,761
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 72,726,670
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 138,555
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d ..................... 2e 138,555
3 Subtract line 2e from line 1..................... 3 72,588,115
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b 11,475
c Add lines 4a and 4b....................... 4c 11,475
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 72,599,590
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 55,913,909
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d -11,475
e Add lines 2a through 2d...................... 2e -11,475
3 Subtract line 2e from line 1..................... 3 55,925,384
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 55,925,384
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
  PART IV, LINE 1B: WE ARE A TEMPORARY CUSTODIAN OF FUNDS COLLECTED FROM MORTGAGE LICENSEES WHO USE THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY. THESE FUNDS ARE NOT RECORDED ON OUR BALANCE SHEET. WE HOLD THE FUNDS IN A BANKING/SWEEP ACCOUNT FOR APPROXIMATELY EIGHT BUSINESS DAYS IN ORDER TO ASSURE THAT FUNDS COLLECTED THROUGH ACH AND CREDIT CARD CHARGES HAVE TIME TO CLEAR THE BANKING SYSTEM; THEN WE REMIT THE COLLECTED FUNDS TO THE APPROPRIATE STATES AND TRANSFER THE PORTION BELONGING TO SRR AS A PROCESSING FEE TO OUR OWN OPERATING ACCOUNT.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. MANAGEMENT CONSIDERS THE YEARS FROM 2007 THROUGH 2010 TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES.
PART XII, LINE 4B - OTHER ADJUSTMENTS:   GAIN ON DISPOSAL OF ASSETS 11,475.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:   GAIN ON DISPOSAL OF ASSETS -11,475.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number
52-2080072
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS1129 20TH STREET NW 9TH FLOOR
WASHINGTON,DC20036 		52-1347951 501(C)(3) 511,000       SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS






















2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
1
3
Enter total number of other organizations ................................ . Bullet Image
0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CSBS AND SRR PROVIDE PERIODIC SUPPORT TO THE EDUCATION FOUNDATION OF STATE BANK SUPERVISORS (EFSBS), AS EFSBS SERVES AS THE CHARITABLE ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES PERIODIC UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF THE EFSBS.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number

52-2080072
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization? .........................
5b
 
 
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
 
b
Any related organization? .........................
6b
 
 
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) ARTHUR NEIL MILNER (i)
(ii)		 434,972
48,330 		41,850
4,650 		41,119
4,569 		23,130
2,570 		21,912
2,435 		562,983
62,554 		0
0
(2) SHARON G BIAS (i)
(ii)		 89,492
9,944 		0
0 		57,310
6,368 		3,429
381 		5,330
592 		155,561
17,285 		0
0
(3) JOHN RYAN (i)
(ii)		 289,235
0 		58,488
0 		3,451
0 		17,600
0 		10,675
0 		379,449
0 		0
0
(4) WILLIAM MATTHEWS (i)
(ii)		 227,664
0 		46,165
0 		869
0 		8,394
0 		13,148
0 		296,240
0 		0
0
(5) JOHN GORMAN (i)
(ii)		 227,663
0 		46,165
0 		540
0 		25,700
0 		13,287
0 		313,355
0 		0
0
(6) MICHAEL STEVENS (i)
(ii)		 181,771
20,197 		40,590
4,510 		376
42 		8,001
889 		10,798
1,200 		241,536
26,838 		0
0
(7) MARGARET LIU (i)
(ii)		 198,137
0 		40,000
0 		940
0 		9,200
0 		12,840
0 		261,117
0 		0
0
(8) BARBARA MICHELS (i)
(ii)		 199,454
0 		30,000
0 		3,201
0 		8,227
0 		10,074
0 		250,956
0 		0
0
(9) TIMOTHY DOYLE (i)
(ii)		 177,998
0 		35,000
0 		240
0 		6,664
0 		12,557
0 		232,459
0 		0
0
(10) PETER MARKS (i)
(ii)		 119,908
0 		31,000
0 		4,783
0 		6,424
0 		16,161
0 		178,276
0 		0
0
(11) MARY BETH QUIST (i)
(ii)		 148,183
16,465 		15,791
1,755 		592
66 		6,948
772 		17,643
1,960 		189,157
21,018 		0
0
(12) CHARLES CROSS (i)
(ii)		 82,862
82,862 		11,250
11,250 		216
216 		3,216
3,216 		6,536
6,536 		104,080
104,080 		0
0




Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  PART I, LINE 1A THE WRITTEN EMPLOYMENT CONTRACT THE CONFERENCE HAS WITH ITS PRESIDENT AND CEO INCLUDES, AMONGST OTHER THINGS, PROVISIONS FOR A GROSS-UP ON HIS POTENTIAL ANNUAL BONUS TO COMPENSATE FOR INCOME TAXES, AN ALLOWANCE FOR SPOUSAL TRAVEL ON BUSINESS-RELATED TRIPS UP TO AN ANNUAL MAXIMUM OF $5,000, AND AN ANNUAL MEMBERSHIP IN A GOLF CLUB. DURING 2010, THE PRESIDENT AND CEO RECEIVED AS TAXABLE COMPENSATION (1) A GROSS-UP PAYMENT OF $2,711, (2) $2,150 FOR SPOUSAL TRAVEL EXPENSES, AND (3) $4,800 FOR CLUB MEMBERSHIP FEES.
  PART I, LINE 4A CFO SHARON BIAS RESIGNED IN JULY 2010. AS A RESULT, THE CONFERENCE PAID HER SEVERANCE OF $48,987.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number

52-2080072
Identifier Return Reference Explanation
NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN JANUARY 2010, CSBS LAUNCHED NMLS CONSUMER ACCESS, A FULLY SEARCHABLE WEBSITE THAT ALLOWS THE PUBLIC TO VIEW INFORMATION ON OVER 25,000 COMPANIES AND CLOSE TO 500,000 INDIVIDUAL MORTGAGE LOAN ORIGINATORS (MLO'S) THAT ARE STATE-LICENSED OR FEDERALLY REGISTERED THROUGH THE NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY (NMLS). NMLS CONSUMER ACCESS PROVIDES HOMEBUYERS AND THE GENERAL PUBLIC WITH GREATER INFORMATION FREE OF CHARGE CONCERNING THE COMPANIES AND PROFESSIONALS IN THE MORTGAGE INDUSTRY. CONTAINING ALL STATE-LICENSED AND FEDERALLY REGISTERED MLO'S ACROSS THE COUNTRY, NMLS CONSUMER ACCESS IS AN INVALUABLE PUBLIC RESOURCE. THE NMLS IS A WEB-BASED SYSTEM THAT ALLOWS (1) STATE LICENSED MORTGAGE LENDERS, MORTGAGE BROKERS, AND LOAN OFFICERS TO APPLY FOR, AMEND, UPDATE OR RENEW A LICENSE, AND (2) FEDERAL DEPOSITORY INSTITUTIONS AND THEIR INDIVIDUAL MORTGAGE LOAN ORIGINATORS TO REGISTER ONLINE THROUGH A SINGLE SET OF UNIFORM APPLICATIONS.
FORM 990, PART VI, SECTION A, LINE 1   THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT IN LIEU OF THE BOARD OF DIRECTORS BETWEEN SCHEDULED BOARD MEETINGS; HOWEVER, ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE APPROVED BY THE BOARD AT ITS NEXT SCHEDULED MEETING, AND THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO APPROVE SALARY CHANGES OR NON-BUDGETED EXPENSES ABOVE $5,000. THE EXECUTIVE COMMITTEE CONSISTS OF ALL SITTING OFFICERS OF THE BOARD OF DIRECTORS AS WELL AS THE IMMEDIATE PAST CHAIRMAN.
FORM 990, PART VI, SECTION A, LINE 4   AT A SPECIAL MEMBERSHIP MEETING HELD ON OCTOBER 15, 2010, THE REGULAR VOTING MEMBERSHIP OF THE CONFERENCE APPROVED AMENDING THE CSBS ARTICLES OF INCORPORATION AND BYLAWS IN ORDER TO INCORPORATE VARIOUS CHANGES REFLECTING THE RESPONSIBILITIES THAT THE SAFE ACT, THE DODD-FRANK ACT, AND OTHER FEDERAL LAWS CONFER ON STATE REGULATORS AND TO BE CONSISTENT WITH OUR PLANNED APPLICATION TO CONVERT TO 501(C)(3) STATUS.
FORM 990, PART VI, SECTION A, LINE 6   REGULAR VOTING MEMBERSHIP IN THE CONFERENCE IS LIMITED TO THE STATE OFFICER HAVING RESPONSIBILITY FOR THE SUPERVISION OF STATE-CHARTERED BANKING INSTITUTIONS IN EACH STATE, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND THE VIRGIN ISLANDS, OR A REPRESENTATIVE DULY DESIGNATED BY SUCH OFFICER WHO IS ALSO AN EMPLOYEE OF THE STATE BANKING DEPARTMENT OF THAT JURISDICTION. THE CONFERENCE'S OTHER CLASSES OF MEMBERSHIP, WHICH INCLUDE STATE-CHARTERED BANKING INSTITUTIONS, STATE BANKERS ASSOCIATIONS, AND ASSOCIATES, DO NOT HAVE AN OFFICIAL VOTE IN ANY MEETING OF THE CONFERENCE AND ARE NOT ELIGIBLE TO HOLD AN ELECTED OFFICE IN THE CONFERENCE.
FORM 990, PART VI, SECTION A, LINE 7A   THE OFFICERS OF THE CSBS BOARD OF DIRECTORS, WHICH INCLUDE THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY, AND TREASURER, ARE ELECTED BY THE REGULAR VOTING MEMBERSHIP AT THE ANNUAL MEETING OF THE CONFERENCE. ADDITIONALLY, THE REGULAR MEMBERS ARE DIVIDED INTO FIVE GEOGRAPHICAL DISTRICTS AND THEY ELECT A DISTRICT CHAIRMAN AND A DISTRICT VICE CHAIRMAN FROM THE REGULAR MEMBERSHIP IN EACH RESPECTIVE DISTRICT TO REPRESENT THE DISTRICT ON THE CSBS BOARD.
FORM 990, PART VI, SECTION A, LINE 7B   PROPOSALS FOR THE AMENDMENT OR REPEAL OF THE BYLAWS MAY BE MADE BY ANY TEN REGULAR MEMBERS OF THE CONFERENCE BY SUBMITTING A WRITTEN REQUEST SPECIFYING THE CHANGES PROPOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. ALL SUCH PROPOSALS WOULD THEN BE CONSIDERED BY THE MEMBERSHIP AT AN ANNUAL OR SPECIAL MEETING OF THE REGULAR MEMBERS, AND THE BYLAWS COULD BE AMENDED OR REPEALED BY A TWO-THIRDS VOTE OF THE REGULAR MEMBERS OR DULY DESIGNATED REPRESENTATIVES ENROLLED AS ATTENDING THE MEETING.
FORM 990, PART VI, SECTION B, LINE 11   THE FORM 990 IS THOROUGHLY REVIEWED BY THE CONFERENCE'S MANAGEMENT TEAM BEFORE IT IS FILED. THE CONFERENCE ALSO POSTS THE 990 ON THE BOARD'S WEBSITE AND EMAILS THE MEMBERS OF THE BOARD HOW TO ACCESS IT.
  FORM 990, PART VI, SECTION B, LINE 12C A REVISED CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WAS ADOPTED IN MARCH 2010 COVERING CSBS AND ITS AFFILIATED ORGANIZATIONS. AS PART OF THE POLICY, EACH YEAR ALL CSBS EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY AND THAT THEY AGREE TO COMPLY WITH THE POLICY. EACH FORM COMPLETED BY A CSBS EMPLOYEE WILL BE REVIEWED BY THE PRESIDENT AND CEO FOR POTENTIAL CONFLICTS, WHILE EACH FORM COMPLETED BY A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CSBS AUDIT COMMITTEE FOR POTENTIAL CONFLICTS.
  FORM 990, PART VI, SECTION B, LINE 15 CSBS HAS A FORMAL POLICY STATING THAT THE PROCESS FOR DETERMINING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES SHALL INCLUDE (1) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF CSBS, (2) USE OF DATA AS TO COMPARABLE COMPENSATION, AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE PERSONNEL AND COMPENSATION COMMITTEE OF THE CSBS BOARD OF DIRECTORS HAS BEEN ESTABLISHED IN THE BYLAWS AS A STANDING COMMITTEE, WHICH DEFINES THAT THE COMMITTEE'S PURPOSE IS TO RECOMMEND SALARY RANGES AND COMPENSATION FOR CSBS STAFF TO THE BOARD OF DIRECTORS FOR APPROVAL AND TO CONDUCT AN ANNUAL PERFORMANCE APPRAISAL OF THE PRESIDENT.
  FORM 990, PART VI, SECTION C, LINE 19 CSBS MAKES ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC THROUGH ITS WEBSITE. IN ADDITION, CSBS' DISREGARDED ENTITY, STATE REGULATORY REGISTRY LLC, HAS ITS OWN SEPARATE AUDITED FINANCIAL STATEMENTS WHICH ARE AVAILABLE UPON REQUEST. CSBS DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLICLY AVAILABLE; HOWEVER, CSBS WOULD CONSIDER ANY REQUESTS RECEIVED FOR SUCH DOCUMENTS.
CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII SHARON G. BIAS - 177 BALTUSOL DRIVE, CHARLES TOWN, WV 25414.
    FORM 990, PART VII, SECTION A, LINE 1A: CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES LISTED IN PART VII AND ON SCHEDULE J OF THE RETURN ALSO PARTICIPATE IN THE CONFERENCE OF STATE BANK SUPERVISORS PENSION PLAN, WHICH IS A QUALIFIED DEFINED BENEFIT PENSION PLAN.
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 138,555.
    FORM 990, PART XII, LINE 2C: THE CONFERENCE'S AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
CONFERENCE OF STATE BANK SUPERVISORS INC
 
Employer identification number

52-2080072
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity







(1) STATE REGULATORY REGISTRY LLC
1129 20TH STREET NW 9TH FLOOR
WASHINGTON,DC20036
20-5641694 		THE DEVELOPMENT AND OPERATION OF THE NATIONWIDE MORTGAGE LICENSING SYSTEM DC 67,299,744 29,414,002 CONFERENCE OF STATE BANK SUPERVISORS INC
 










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

1129 20TH ST NW 9TH FLOOR

WASHINGTON,DC20036
52-1347951 		TO ENHANCE STATE FINANCIAL SUPERVISION THROUGH EDUCATION AND TRAINING DC 501(C)(3) LINE 9 COMMON CONTROL WITH CSBS
 
 
No












For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 B 511,000 CASH
(2) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 M 143,739 ALLOCATION
(3) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 N 949,875 ALLOCATION
(4) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 O 49,496 CASH
(5) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 P 335,268 CASH
(6) EDUCATION FOUNDATION OF STATE BANK SUPERVISORS

 Q 1,161,400 CASH
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID:  
Software Version: