Form 990, Part VI, Section B, line 11
“The draft copy of the Form 990 is reviewed prior to filing by the organization's President/CEO and CFO.”
990 • Fiscal year 2016 • EIN 39-1466758
Scores are not available for this record yet.
Assets
Down$5,640,604
Down $195,716 (-3.4%) from 2015
Net Assets
Down$5,180,715
Down $198,326 (-3.7%) from 2015
Liabilities
Up$459,889
Up $2,610 (+0.6%) from 2015
Revenue
Down$600,788
Down $8,864 (-1.5%) from 2015
Expenses
Up$636,970
Up $317,910 (+100%) from 2015
Net Income
Down-$36,182
Down $326,774 (-112%) from 2015
To initiate, fund, market, and implement programs and activities which support the mission of the Graduate School of Banking, Inc.
To initiate, fund, market and implement programs and activities which support the mission of the Graduate School of Banking, Inc.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $5,806,199 | $5,433,691 | ▼ $372,508 |
| Cash and Non-Interest-Bearing Accounts | $21,200 | $189,347 | ▲ $168,147 |
| Prepaid Expenses and Deferred Charges | $2,413 | $8,804 | ▲ $6,391 |
| Accounts Receivable | $5,508 | $8,762 | ▲ $3,254 |
| Savings and Temporary Cash Investments | $1,000 | $0 | ▼ $1,000 |
| Total Assets | $5,836,320 | $5,640,604 | ▼ $195,716 |
| Liabilities | |||
| Other Liabilities | $189,185 | $459,889 | ▲ $270,704 |
| Accounts Payable and Accrued Expenses | $268,094 | $0 | ▼ $268,094 |
| Total Liabilities | $457,279 | $459,889 | ▲ $2,610 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,379,041 | $5,180,715 | ▼ $198,326 |
| Total Net Assets Fund Balance | $5,379,041 | $5,180,715 | ▼ $198,326 |
| Total Liabilities and Net Assets / Fund Balance | $5,836,320 | $5,640,604 | ▼ $195,716 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kirby A Davidson | President & CEO | PT | $34,669 | $8,653 | $43,322 |
| James M Johannes | Trustee | - | - | $9,150 | $9,150 |
| Name | Title |
|---|---|
| Chuck Stones | Chairman of the Board |
| Rick Clayburgh | Immediate Past Chairman |
| S Joe DeHaven | Vice Chairman of the Board |
| Rose Oswald Poele | Secretary of the Board |
| Ballard W Cassady Jr | Trustee |
| Bill Holmes | Trustee |
| Curtis A Everson | Trustee |
| Don A Childears | Trustee |
| Donna J Hoppenjan | Trustee |
| Eric Sandberg | Trustee |
| George G Beattie | Trustee |
| James R Biery | Trustee |
| Joe Witt | Trustee |
| John K Sorensen | trustee |
| Linda Koch | trustee |
| Max Cook | Trustee |
| Michael M Van Buskirk | Trustee |
| Rob Fouberg | Trustee |
| Roger M Beverage | Trustee |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $482,347 |
| Other Expenses | $154,623 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $300,000 | - | - | $300,000 |
| Grants to Domestic Individuals | $182,347 | - | - | $182,347 |
| Fees for Services Management | - | $60,000 | - | $60,000 |
| Fees for Service Investment Mgmnt Fees | - | $49,772 | - | $49,772 |
| Travel | - | $34,035 | - | $34,035 |
| Fees for Services Accounting | - | $10,475 | - | $10,475 |
| Other Expenses | - | $341 | - | $341 |
| Total Functional Expenses | $482,347 | $154,623 | $0 | $636,970 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $636,970 |
| Expenses per Audited Statements | $587,198 |
| Total Expenses per Audited Statements | $587,198 |
| Expenses Not Reported on Financial Statements | $49,772 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Graduate School of Banking Inc | Madison, WI | 501(c)(3) | software development | $300,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Graduate School of Banking | $241,291 |
| Scholarship Liabilities | $218,598 |
“The draft copy of the Form 990 is reviewed prior to filing by the organization's President/CEO and CFO.”
“The conflict of interest policy is continually and randomly reviewed and checked for compliance by the organization's President/CEO.”
“The compensation of the organization's President/CEO is determined by the Executive Committee of the Board of Trustees. Individuals serving on this committee are from various locations throughout the United States, with one individual residing locally in Wisconsin. Each Committee member has access to the comparability data. The committee deliberates and comes to a unanimous decision for the annual compensation of the President/CEO.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | The Herbert V. Prochnow Educational Foundation, Inc. supports research in banking and education and sponsors a number of educational programs intended to benefit the banking industry. The Organization provided 60 scholarships in 2016. |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 5180715 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 113233 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 113233 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -1061 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -162144 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Other Expenses |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 341 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 341 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 189185 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 459889 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2413 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 8804 |
| IRS990/PrincipalOfficerNm | 0 | Kirby Davidson |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 401521 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 140925 |
| IRS990/PYInvestmentIncomeAmt | 0 | 208131 |
| IRS990/PYOtherExpensesAmt | 0 | 178135 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 290592 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 319060 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 609652 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -36182 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1000 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | other income - 2012 Amount: $ 11. 2013 Amount: $ 39. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | The Herbert V. Prochnow Educational Foundation was established in 1983 as a supporting organization to the graduate school of banking. It is named in honor of the founder of the graduate school of banking, Herbert V. Prochnow. (1897-1998) The Foundation supports three primary missions: 1. Research related to the financial services industry. 2. Scholarships for students to attend gsb educational programs. 3. Curriculum and technology enhancements for gsb residential and online programs. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part II, Line 10, Explanation of Other Income: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Part IV, Section A, Line 1: |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 353006 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 401521 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 716000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 302133 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 201050 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1973710 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 134549 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 182938 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 185986 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 197091 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 198463 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 899027 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 39 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 50 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.68700 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1973710 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 353006 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 401521 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 716000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 302133 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 201050 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1973710 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2872787 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 49772 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 587198 |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 49772 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 49772 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -162144 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 218598 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 241291 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Scholarship Liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Due to Graduate School of Banking |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -162144 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 49772 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 551016 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 636970 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 459889 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 600788 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 388872 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 587198 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 109200 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 1 | 3900 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 2 | 54600 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 3 | 10175 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 4 | -18200 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 5 | 22672 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | State Association Scholarships |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 1 | Caribbean Association of Indigenous Banks |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 2 | Banker Advisory Board Scholarships |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 3 | Human Resource Management School Scholarships |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 4 | Forfeitures |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 5 | At-Large Scholarship & Other Scholarships |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 24 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 1 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 2 | 14 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 3 | 12 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 4 | 7 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 5 | 5 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 300000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | n/a |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.