Southwestern Graduate School Of Banking Foundation
- Assets
- $4.5m
- Revenue
- $1.3m
- Investments
- $1.5m
- Employees
- 4
- Location
- Dallas, TX
- Founding
- 10/1971
- Data as of
- 09/2021
- EIN
- 23-7091275
Organization Overview
Southwestern Graduate School Of Banking Foundation is located in Dallas, TX. The organization was established in 1971. As of 09/2021, 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 09/2021, Southwestern Graduate School Of Banking Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $887.0k during the year ending 09/2021. While expenses have increased by 5.0% per year over the past 6 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
2021
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 3 CUSTOM PROGRAMS FOR APPROXIMATELY 429 ATTENDEES DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Scott Macdonald PHD President/ CEO | OfficerTrustee | 20 | $136,472 |
Victor Pierson Chair | OfficerTrustee | 2 | $0 |
Jeffrey R Schmid President And CEO | OfficerTrustee | 2 | $0 |
J Craig Buford Trustee | Trustee | 2 | $0 |
Curtis J Davidson Trustee | Trustee | 2 | $0 |
Robert L Clarke Counsel | 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 | $31,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,137 |
| Total Program Service Revenue | $861,008 |
| Investment income | $45,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $321,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,282,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,073 |
| Compensation of current officers, directors, key employees. | $55,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,606 |
| Advertising and promotion | $13,551 |
| Office expenses | $4,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,933 |
| Travel | $24,002 |
| 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 | $929 |
| Insurance | $0 |
| All other expenses | $27,797 |
| Total functional expenses | $887,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,699 |
| Savings and temporary cash investments | $511,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600,323 |
| 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 | $30,177 |
| Net Land, buildings, and equipment | $5,366 |
| Investments—publicly traded securities | $1,834,421 |
| Investments—other securities | $1,489,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,537,160 |
| Accounts payable and accrued expenses | $623,433 |
| Grants payable | $14,000 |
| Deferred revenue | $65,175 |
| 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 | $0 |
| Total liabilities | $702,608 |
| Net assets without donor restrictions | $3,740,515 |
| Net assets with donor restrictions | $94,037 |
| 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 | $4,537,160 |
Endowment Analysis
| Beg. Balance | $58,203 |
| Earnings | $1,151 |
| Other Expense | $500 |
| Ending Balance | $58,854 |
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