Paul W Barret Jr School Of Banking
- Assets
- $9.7m
- Revenue
- $320.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Memphis, TN
- Founding
- 09/1979
- Data as of
- 08/2020
- EIN
- 58-1382543
Organization Overview
Paul W Barret Jr School Of Banking is located in Memphis, TN. The organization was established in 1979. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Paul W Barret Jr School Of Banking employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul W Barret Jr School Of Banking 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 08/2020, Paul W Barret Jr School Of Banking generated $320.8k 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 (4.6%) each year. All expenses for the organization totaled $664.7k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EDUCATION & PROFESSIONAL DEVELOPMENT FOR THE BANKING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAUL W. BARRET, JR. SCHOOL OF BANKING IS A NON-PROFIT INDEPENDENT SCHOOL CREATED BY AND GOVERNED BY A BOARD OF REGENTS, WHOSE MEMBERS ARE EXECUTIVES FROM BANKS AND OTHER FIRMS INVOLVED WITH THE FINANCIAL SERVICES INDUSTRY. THE MISSION OF THE SCHOOL IS TO PROVIDE AN ADULT LEARNING EXPERIENCE FOR THE CAREER-ORIENTED INDIVIDUAL IN COMMERCIAL BANKING OR A RELATED FINANCIAL SERVICES INDUSTRY BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Christopher M Executive Director | OfficerTrustee | 40 | $0 |
Walhood Brian Chair-Elect | OfficerTrustee | 0.5 | $0 |
Handke Steven J Chair | OfficerTrustee | 0.5 | $0 |
Smith Ray Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Gerrish Jeffrey C Secretary | OfficerTrustee | 0.5 | $0 |
Earnheart Byron Programming Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $157,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,778 |
| Statement of Expenses | |
|---|---|
| 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. | $341,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,417 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,627 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,811 |
| Fees for services: Other | $8,167 |
| Advertising and promotion | $13,031 |
| Office expenses | $10,451 |
| Information technology | $10,094 |
| Royalties | $0 |
| Occupancy | $16,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,118 |
| All other expenses | $0 |
| Total functional expenses | $664,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,219 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| 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 | $5,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,962,960 |
| Total assets | $9,699,098 |
| Accounts payable and accrued expenses | $3,299 |
| Grants payable | $0 |
| Deferred revenue | $350,410 |
| 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 | $159,882 |
| Total liabilities | $513,591 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,185,507 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paul W Barret Jr School Of Banking has recieved totaling $386,843.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $386,843 |
Endowment Analysis
| Beg. Balance | $7,573,978 |
| Earnings | $1,540,735 |
| Admin Expense | $75,270 |
| Other Expense | $386,843 |
| Ending Balance | $8,652,600 |
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