Southwestern Graduate School Of Banking Foundation
- Assets
- $4.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Dallas, TX
- Founding
- 10/1971
- Data as of
- 09/2023
- EIN
- 23-7091275
Organization Overview
Southwestern Graduate School Of Banking Foundation is located in Dallas, TX. The organization was established in 1971. As of 09/2023, Southwestern Graduate School Of Banking Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Graduate School Of Banking Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Southwestern Graduate School Of Banking Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. While expenses have increased by 9.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE MOST TRUSTED EDUCATIONAL SOURCE FOR LOAN OFFICERS, BANK DIRECTORS, REGULATORS, COMMERCIAL LENDERS, AND MARKETING AND MANAGEMENT PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWGSB IS AN EDUCATIONAL FOUNDATION ESTABLISHED TO PROVIDE INSTRUCTION FOR FINANCIAL INSTITUTIONS AND THEIR MANAGEMENT. SWGSB HELD 2 ASSEMBLIES AND 4 CUSTOM PROGRAMS (INCLUDING SWGSB) FOR APPROXIMATELY 725 ATTENDEES DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey R Schmid President & CEO (09/21-08/23) | OfficerTrustee | 20 | $100,000 |
S Scott Macdonald PHD President/ CEO (9/21-4/22) | 20 | $45,635 | |
J Craig Buford Trustee | Trustee | 2 | $0 |
Victor Pierson Trustee | Trustee | 2 | $0 |
Curtis J Davidson Trustee | Trustee | 2 | $0 |
Kenneth L Burgess Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,524 |
| Total Program Service Revenue | $1,438,408 |
| Investment income | $93,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,650 |
| Net Gain/Loss on Asset Sales | $92,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,738,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,490 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,378 |
| Compensation of current officers, directors, key employees. | $51,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $23,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275,858 |
| Advertising and promotion | $21,113 |
| Office expenses | $7,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,330 |
| Travel | $63,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,115 |
| Insurance | $0 |
| All other expenses | $70,937 |
| Total functional expenses | $1,356,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,479 |
| Savings and temporary cash investments | $321,552 |
| Pledges and grants receivable | $32,361 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,524 |
| Net Land, buildings, and equipment | $120,557 |
| Investments—publicly traded securities | $3,882,633 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $520,586 |
| Total assets | $4,937,692 |
| Accounts payable and accrued expenses | $922,322 |
| Grants payable | $14,000 |
| Deferred revenue | $42,190 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $520,586 |
| Total liabilities | $1,499,098 |
| Net assets without donor restrictions | $3,294,646 |
| Net assets with donor restrictions | $143,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,937,692 |