2025-04-02T19:45:34-05:00 2024-10-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-11-01 391467668 GRADUATE SCHOOL OF BANKING INC GRAD 6082431945 4721 S BILTMORE LANE MADISON WI 53718 PAUL KATZ PRESIDENT & CEO 6082431945 2025-04-01 1 1 TROY MARINE CPA P00187863 4147775500 2025-04-01 2023 2025-03-06 01:10:19Z PAUL KATZ 4721 S BILTMORE LANE MADISON WI 53718 3830250 0 X WWW.GSB.ORG X 1945 WI TO SERVE THE ADVANCED MANAGEMENT DEVELOPMENT NEEDS OF PROFESSIONALS AND ORGANIZATIONS IN THE BANKING AND FINANCIAL SERVICES INDUSTRY. 22 18 16 19 0 0 0 0 3994281 3724555 2165 65695 40000 40000 4036446 3830250 0 225000 0 0 1026621 1207878 0 0 0 2768662 2712898 3795283 4145776 241163 -315526 1525736 1193165 470094 453049 1055642 740116 X TO SERVE THE ADVANCED MANAGEMENT DEVELOPMENT NEEDS OF PROFESSIONALS AND ORGANIZATIONS IN THE BANKING AND FINANCIAL SERVICES INDUSTRY. 0 0 1582962 225000 2612218 GRADUATE SCHOOL OF BANKING PROGRAM (457 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. 271662 308361 DISTANCE EDUCATION (1,002 REGISTRATIONS). 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. 128406 215231 FINANCIAL MANAGERS SCHOOL (59 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 REAL-WORLD SCENARIOS 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. 579795 588745 BANK TECHNOLOGY MANAGEMENT SCHOOL - 60 PARTICIPANTSBANK TECHNOLOGY SECURITY SCHOOL - 33 PARTICIPANTS HUMAN RESOURCES MANAGEMENT SCHOOL - 60 PARTICIPANTS STRATEGIC MARRKETING SCHOOL - 16 PARTICIPANTSDIGITAL BANKING SCHOOL - 26 PARTICIPATING BANKS 579795 588745 2562825 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 57 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X PAUL KATZ 6082431945 4721 S BILTMORE LANE MADISON WI 53718 KIRBY DAVIDSON CEO (THROUGH 12/2024) 36.00 4.00 X X 265489 29499 59863 PAUL KATZ PRESIDENT & CEO (STARTED 05/2024) 36.00 4.00 X X 0 0 0 RANDY HULTGREN IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 KARLTON ADAM CHAIR 1.00 1.00 X X 0 0 0 ADRIAN BEVERAGE VICE CHAIR 1.00 1.00 X X 0 0 0 MICHAEL ADELMAN TREASURER 1.00 1.00 X X 0 0 0 KEVIN PERNICK MEMBER - BAB CHAIR 1.00 1.00 X 0 0 0 MICHAEL A WEAR MEMBER - CAC CHAIR 1.00 1.00 X 0 0 0 JULIE REDFERN MEMBER - BAB VICE CHAIR 1.00 1.00 X 0 0 0 VICKI KRAAI MEMBER - CAC VICE CHAIR 1.00 1.00 X 0 0 0 VALLABH SAMBAMURTHY UW REPRESENTATIVE 1.00 1.00 X 0 0 0 AMBER VAN TIL MEMBER 1.00 1.00 X 0 0 0 BALLARD CASSADY MEMBER 1.00 1.00 X 0 0 0 DOUG WAREHAM MEMBER 1.00 1.00 X 0 0 0 JACKSON HATAWAY MEMBER 1.00 1.00 X 0 0 0 JENIFER WALLER MEMBER 1.00 1.00 X 0 0 0 JOE WITT MEMBER 1.00 1.00 X 0 0 0 LORRIE TROGDEN MEMBER 1.00 1.00 X 0 0 0 JOHN SORENSEN MEMBER 1.00 1.00 X 0 0 0 RICHARD BAIER MEMBER 1.00 1.00 X 0 0 0 RICK CLAYBURGH MEMBER 1.00 1.00 X 0 0 0 ROSE OSWALD POELS MEMBER 1.00 1.00 X 0 0 0 T RANN PAYNTER MEMBER 1.00 1.00 X 0 0 0 265489 29499 59863 1 0 1 0 UW MADISON ACCOUNTING SERVICES PO BOX 78004 MILWAUKEE WI 532788004 FACILITIES AND HOUSING 716926 AURUM CONSULTANTS 33 AUTUMN DRIVE SUITE 100 NEWTON PA 18940 SOFTWARE DEVELOPMENT AND HOSTING 232761 2 TUITION AND ROOM AND B 611710 3407299 3407299 REGISTRATION 611710 250250 250250 67006 67006 3724555 65695 65695 MANAGEMENT FEE 900099 40000 40000 40000 3830250 3724555 0 105695 X 225000 225000 358964 89740 269224 642897 219511 423386 60455 19651 40804 90831 28862 61969 54731 17626 37105 3151 3151 18573 18573 757028 619575 137453 115934 115934 101929 51815 50114 165996 36325 129671 16512 16512 335469 181114 154355 57509 57509 189186 150067 39119 15141 15141 STUDENT LODGING 351812 351812 GROUP MEALS 315299 315299 REFERRAL FEES, REBATES, 118600 118600 PROGRAM FACILITIES 81982 81982 68777 55846 12931 4145776 2562825 1582951 0 1091094 723338 667 13443 47147 103467 1311512 1103313 228612 208199 158216 144718 1525736 1193165 251504 282583 150148 115370 68442 55096 470094 453049 X 1055642 740116 1055642 740116 1525736 1193165 -315526 0 X 1 X 0 1 0 X 375000 139206 0 0 0 514206 1009148 2998318 4037160 3994281 3724555 15763462 1384148 3137524 4037160 3994281 3724555 16277668 0 0 0 16277668 640 3871 3515 2165 65695 75886 640 3871 3515 2165 65695 75886 40000 237516 40000 40000 40000 397516 1424788 3378911 4080675 4036446 3830250 16751070 0.97170 0.97540 0.00450 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEES - 2019 AMOUNT: $ 40,000. 2020 AMOUNT: $ 40,000. 2021 AMOUNT: $ 40,000. 2022 AMOUNT: $ 40,000. 2023 AMOUNT: $ 40,000. EMPLOYEE RETENTION CREDIT - 2020 AMOUNT: $ 197,516. 18119 4109 14010 1293393 1099204 194189 208199 ERC CREDIT RECEIVABLE 90064 RIGHT OF USE ASSET 54654 144718 LEASE LIABILITY 55096 55096 X PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE SCHOOL FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES RECOGNITION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON TECHNICAL MERITS, THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE SCHOOL DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THEY HAVE NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC 4721 S BILTMORE LANE MADISON WI 53718 391466758 501(C)(3) 225000 0 CONTRIBUTION TO HVPEF FOR INCLUSION IN THE FOUNDATION'S INVESTMENT PROFILE. 1 0 PART I, LINE 2: THE ORGANIZATION HAS A CASH RESERVES POLICY APPROVED BY THE BOARD THAT IDENTIFIES WHEN CONTRIBUTIONS CAN BE CONSIDERED. IF CONTRIBUTIONS ARE CONSIDERED IN A FISCAL YEAR, MANAGEMENT PROPOSES A CONTRIBUTION TO THE BOARD FOR DISCUSSION AND APPROVAL. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KIRBY DAVIDSON CEO (THROUGH 12/2024) 241520 26836 23969 2663 0 0 25454 2828 28423 3158 319366 35485 0 0 PART I, LINE 1A REIMBURSEMENT FOR STAFF COMPANION TRAVEL IS PROVIDED IF IT IS AN APPROVED SPOUSAL FUNCTION SUCH AS A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT/CEO AND CFO REVIEW THE DRAFT 990. AFTER THEY HAVE MADE ANY NEEDED CHANGES, THE DRAFT IS DISTRIBUTED TO ALL TRUSTEES PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONTINUALLY AND RANDOMLY REVIEWED AND CHECKED FOR COMPLIANCE BY THE ORGANIZATION'S PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 15 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 THAT IS PROVIDED BY AN INDEPENDENT HR SALARY AND COMPENSATION SPECIALIST. THE COMMITTEE DELIBERATES AND COMES TO A UNANIMOUS DECISION FOR THE ANNUAL COMPENSATION OF THE PRESIDENT/CEO THAT IS THEN SHARED WITH THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL. IN FISCAL YEAR 2024, THE ORGANIZATION UNDERWENT A SEARCH FOR A NEW PRESIDENT & CEO AND UTILIZED MARKET DATA FOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES - HONORARIUMS: PROGRAM SERVICE EXPENSES 619,575. MANAGEMENT AND GENERAL EXPENSES 137,453. TOTAL EXPENSES 757,028. HERBERT V PROCHNOW EDUCATIONAL FOUNDATION 4721 S BILTMORE LANE MADISON WI 53718 391466758 SUPPORT THE MISSION OF THE GRADUATE SCHOOL OF BANKING, INC. WI 501(C)(3) 12A, TYPE 1 GRADUATE SCHOOL OF BANKING INC 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC L 40000 FMV HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC B 225000 FMV