Graduate School Of Banking Inc
- Assets
- $1.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Madison, WI
- Founding
- 04/1984
- Data as of
- 10/2021
- EIN
- 39-1467668
Organization Overview
Graduate School Of Banking Inc is located in Madison, WI. The organization was established in 1984. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 10/2021, Graduate School Of Banking Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graduate School Of Banking Inc 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 10/2021, Graduate School Of Banking Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $2.6m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 years. 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 SERVE THE ADVANCED MANAGEMENT DEVELOPMENT NEEDS OF PROFESSIONALS AND ORGANIZATIONS IN THE BANKING AND FINANCIAL SERVICES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADUATE SCHOOL OF BANKING PROGRAM (481 STUDENTS). THE GRADUATE SCHOOL PROGRAM PROVIDES A COMPREHENSIVE COURSE OF STUDY OF GENERAL BANKING AND MANAGEMENT SUBJECTS DESIGNED TO MEET THE NEEDS OF BANKERS WHOSE RESPONSIBILITIES AND SCOPE OF ACTIVITIES ARE EXPANDING. THE SCHOOL'S PURPOSE IS TO MEET THE GROWING NEED FOR BANK MANAGERS AND OTHERS WORKING IN THE FINANCIAL SERVICES INDUSTRY TO ACQUIRE A BROAD KNOWLEDGE AND UNDERSTANDING OF THE MAJOR BANK FUNCTIONS AND THEIR INTERRELATIONSHIPS, AND TO DEVELOP THE SKILLS REQUIRED TO LEAD AND MANAGE EFFECTIVELY IN TODAY'S AND TOMORROW'S CHALLENGING BANKING ENVIRONMENT. THE CURRICULUM REFLECTS CONTEMPORARY TRENDS AFFECTING THE FINANCIAL SERVICES INDUSTRY. CORE COURSES ADDRESS BROAD AREAS OF FINANCE, MARKETING, MANAGEMENT, AND THE ENVIRONMENT IN WHICH BANKS OPERATE; A WIDE RANGE OF ELECTIVES ALLOWS PARTICIPANTS TO TAILOR THEIR EDUCATIONAL PROGRAMS TO MEET THEIR OWN INDIVIDUAL INTERESTS AND DEVELOPMENT NEEDS AND THOSE OF THEIR BANKS. THE PROGRAM GUIDES THE DEVELOPMENT OF CRITICAL THINKING SKILLS AND LEADERSHIP TALENTS TO MANAGE CHANGE AND MOTIVATE PEOPLE BY DRAWING ON A CLEAR UNDERSTANDING OF ALL AREAS OF FINANCIAL SERVICES MANAGEMENT. DUE TO THE PANDEMIC, THE GRADUATE SCHOOL PROGRAM WAS HELD VIRTUALLY IN 2021.
DISTANCE EDUCATION (1,060 PARTICIPANTS). THE GSB ONLINE SEMINAR SERIES OFFERS A CONVENIENT, COST-EFFECTIVE WAY FOR BANKERS TO ACCESS QUALITY EDUCATIONAL OPPORTUNITIES VIA THE INTERNET. PROGRAMS ARE DESIGNED TO MEET THE DYNAMIC LEARNING NEEDS OF TODAY'S BUSY FINANCIAL PROFESSIONAL AND ARE DELIVERED BY SOME OF THE TOP INDUSTRY EXPERTS. 201 BANKING-SPECIFIC ONLINE SEMINARS WERE OFFERED IN 2021.
FINANCIAL MANAGERS SCHOOL (62 STUDENTS). THE UNIQUE CONCEPTS AND TERMINOLOGY OF BANK FINANCE AND ASSET/LIABILITY MANAGEMENT ARE PRESENTED, ALONG WITH PRACTICAL IMPLEMENTATION TOOLS TO PROFITABLY MANAGE A FINANCIAL INSTITUTION'S BALANCE SHEET, DEVELOP EFFECTIVE STRATEGIES AND COMMUNICATE STRATEGIES TO THE BOARD AND SENIOR MANAGEMENT THAT INSURE EFFECTIVE DECISION-MAKING. THE USE OF AN INTEGRATED CASE STUDY IDENTIFIES MAJOR FINANCIAL STRENGTHS AND WEAKNESSES OF INSTITUTIONS, EXAMINES INTEREST RATE RISK PROFILES, EVALUATES ISSUES RELATING TO BASE STRATEGY FORECASTS, ANALYZES LOAN AND INVESTMENT PORTFOLIOS, MAKES PRICING DECISIONS AND FORMULATES AND COMMUNICATES EFFECTIVE STRATEGIES TO IMPROVE THE INSTITUTION'S OVERALL PROFITABILITY. THIS PROGRAM GOES BEYOND THE BASICS TO PRESENT BEST PRACTICES AND SOLUTIONS TO TODAY'S MOST CRITICAL FINANCIAL MANAGEMENT DECISIONS. DESIGNED BY EXPERIENCED CFOS FOR FINANCIAL INSTITUTION FINANCE MANAGERS, THIS SCHOOL PROVIDES THE TOOLS NEEDED TO BUILD A SOLID FOUNDATION IN ASSET/LIABILITY MANAGEMENT. DUE TO THE PANDEMIC, THE FINANCIAL MANAGERS SCHOOL WAS HELD VIRTUALLY IN 2021.
BANK TECHNOLOGY MANAGEMENT SCHOOL - 105 PARTICIPANTS (2 PROGRAMS HELD IN 2021)HUMAN RESOURCES MANAGEMENT SCHOOL - 49 PARTICIPANTS STRATEGIC HUMAN RESOURCES FORUM - 15 PARTICIPANTS SALES AND MARKETING - 25 PARTICIPANTSBANK TECHNOLOGY SECURITY SCHOOL - 23 PARTICIPANTS DIGITAL BANKING SCHOOL - 46 PARTICIPATING BANKS ALL PROGRAMS WERE HELD VIRTUALLY IN 2021 DUE TO THE ONGOING COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirby A Davidson President & CEO | OfficerTrustee | 36 | $219,185 |
Doug Wareham Chair Of The Board | OfficerTrustee | 1 | $0 |
Amber Van Til Immediate Past Chair Of The Board | OfficerTrustee | 1 | $0 |
Lorrie Trogden Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Max Cook Treasurer Of The Board | OfficerTrustee | 1 | $0 |
Ballard W Cassady Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aurum Consultants Software Development And Hosting | 10/30/21 | $158,312 |
Abrigo Honorarium, Travel, Software Development | 10/30/21 | $317,763 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,206 |
| Total Program Service Revenue | $2,998,318 |
| Investment income | $3,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,378,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,370 |
| Compensation of current officers, directors, key employees. | $175,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,303 |
| Pension plan accruals and contributions | $58,039 |
| Other employee benefits | $71,865 |
| Payroll taxes | $40,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $9,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,798 |
| Advertising and promotion | $121,127 |
| Office expenses | $59,134 |
| Information technology | $163,369 |
| Royalties | $0 |
| Occupancy | $51,358 |
| Travel | $60,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,675 |
| Insurance | $12,422 |
| All other expenses | $1,562 |
| Total functional expenses | $2,576,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,442 |
| 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 | $40,036 |
| Net Land, buildings, and equipment | $450,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,516 |
| Total assets | $1,229,337 |
| Accounts payable and accrued expenses | $265,739 |
| Grants payable | $0 |
| Deferred revenue | $464,681 |
| 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 | $730,420 |
| Net assets without donor restrictions | $498,917 |
| Net assets with donor restrictions | $0 |
| 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 | $1,229,337 |
Grants Awarded
Over the last fiscal year, Graduate School Of Banking Inc has awarded $650,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: CONTRIBUTION TO SUPPORTING ORGANIZATION. | $400,000 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: CONTRIBUTION TO ORGANIZATION | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Graduate School Of Banking Inc has recieved totaling $750,000.
| Awarding Organization | Amount |
|---|---|
Herbert V Prochnow Educational Foundation Inc Madison, WI PURPOSE: SUPPORT THE OPERATIONS OF GRADUATE SCHOOL OF BANKING | $375,000 |
Herbert V Prochnow Educational Foundation Inc Madison, WI PURPOSE: SUPPORT THE OPERATIONS OF GRADUATE SCHOOL OF BANKING | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Krell Institute Inc Ames, IA | $2,185,280 | $14,305,955 |
Toyota Technological Institute At Chicago Chicago, IL | $302,171,047 | $22,569,767 |
National Center For Teacher Residencies Inc Chicago, IL | $5,406,714 | $10,603,548 |
Lake Forest Graduate School Of Management Lake Forest, IL | $18,989,576 | $9,582,836 |
Duluth Graduate Medical Education Council Inc Duluth, MN | $4,803,601 | $7,733,024 |
High School For Recording Arts St Paul, MN | $4,751,970 | $7,549,848 |
Michigan School Of Psychology Farmington Hills, MI | $11,594,534 | $6,562,014 |
Iowa Medical Education Collaborative Des Moines, IA | $0 | $4,983,705 |
United Theological Seminary Of The Twin Cities St Paul, MN | $12,813,883 | $6,235,932 |
Oak Hills Fellowship Inc Bemidji, MN | $7,589,446 | $4,230,819 |
Free Lutheran Theological Seminary Corporation Minneapolis, MN | $16,562,227 | $4,596,740 |
Adler Graduate School Minnetonka, MN | $7,469,948 | $4,565,332 |