The Federal Reserve System claims to be a non-profit organization that turns over its operating profits to the U.S. Treasury, after all expenses, including the 6% dividend to member banks. This is where you get your numbers from, however it fails to account for the majority of true earnings. Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury. That is, the net earnings from the member banks seigniorage privilege are not turned over to our government but kept by the private member banks. Educated estimates put this between $100-200 billion per year. Further the operating expenses deducted from their official turnover appears to be wildly exorbitant.
If you were to argue that they aren't a corporation I would be forced to concede your point. As a corporation is a legal term of art and they don't actually meet the criteria it was a simplified way to refer to the organization which appears to be in a "special" category. However if you still claim that they are not a private organization answer these questions for me.
What branch of government is the Federal Reserve organized under, Executive, legislative or Judicial? (it isn't)
Does the Federal budget office determine the budget of the Federal Reserve? (no it determines it's own budget with no oversight)
How often does the Government Accountability Office audit the Federal reserve? (it doesn't)
Other than the Chairman, Board, who hires the employees of the Federal Reserve? (The Federal Reserve)
Why are Federal Reserve Employees not part of the US Civil Service System and are not covered by government employees health insurance or pension programs? (because they aren't government employees)
Link?
Educated estimates put this between $100-200 billion per year.
Who made up this "educated estimate"?
What branch of government is the Federal Reserve organized under, Executive, legislative or Judicial? (it isn't)
It was created by Act of Congress. Signed into law by the President. What private company can say the same?
Does the Federal budget office determine the budget of the Federal Reserve?
By law, they're self funded.