Nonprofit · EIN 39-1467668
GRADUATE SCHOOL OF BANKING INC
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $3,568,364 | $4,061,039 | -$492,675 | $612,657 | $365,216 | $247,441 |
| October 31, 2024 | 990 | $3,830,250 | $4,145,776 | -$315,526 | $1,193,165 | $453,049 | $740,116 |
| October 31, 2023 | 990 | $4,036,446 | $3,795,283 | $241,163 | $1,525,736 | $470,094 | $1,055,642 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $40,647
- Program service revenue
- $3,448,342
- Investment income
- $39,375
- Other revenue
- $40,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $536,845
- Other salaries and wages
- $439,354
- Salaries, compensation and benefits (total)
- $1,169,941
- Professional fundraising fees
- $0
- Legal fees
- $10,398
- Accounting fees
- $19,135
- Occupancy
- $17,046
- Travel
- $428,094
- Depreciation
- $184,177
- Program services (functional)
- $2,736,584
- Management and general (functional)
- $1,324,455
Balance sheet and other
- Total assets, start of year
- $1,193,165
- Total assets, end of year
- $612,657
- Total liabilities, end of year
- $365,216
- Net assets, end of year
- $247,441
- Land, buildings and equipment
- $108,722
- Net assets without donor restrictions
- $247,441
- Gross receipts
- $3,568,364
- Employees
- 17
- Volunteers
- 19
- Year formed
- 1945
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIRBY DAVIDSON FORMER | PRESIDENT & CEO (TERM 12/2024) Trustee or director, Officer | 36 | $287,517 | $31,947 | $65,289 |
| PAUL KATZ PRESIDENT | & CEO (EFF. 05/2024) Trustee or director, Officer | 36 | $133,327 | $14,814 | $832 |
| ADRIAN BEVERAGE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JENIFER WALLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KARLTON ADAM | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| T RANN PAYNTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICKI KRAAI | MEMBER - CAC CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE REDFERN | MEMBER - BAB CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN HUMPHREYS | MEMBER - BAB VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| LISA YAFFE | MEMBER - CAC VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| VALLABH SAMBAMURTHY | UW REPRESENTATIVE Trustee or director | 1 | $0 | $0 | $0 |
| AMBER VAN TIL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ADELMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDY HULTGREN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BALLARD CASSADY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUG WAREHAM | MEMBER Trustee or director | 1 | $0 |
| JACKSON HATAWAY | MEMBER Trustee or director | 1 | $0 |
| JOE WITT | MEMBER Trustee or director | 1 | $0 |
| LORRIE TROGDEN | MEMBER Trustee or director | 1 | $0 |
| JOHN SORENSEN | MEMBER Trustee or director | 1 | $0 |
| RICHARD BAIER | MEMBER Trustee or director | 1 | $0 |
| RICK CLAYBURGH | MEMBER Trustee or director | 1 | $0 |
| ROSE OSWALD POELS | MEMBER Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIRBY DAVIDSON | CEO (THROUGH 12/2024) Trustee or director, Officer | 36 | $265,489 | $29,499 | $59,863 |
| PAUL KATZ | PRESIDENT & CEO (STARTED 05/2024) Trustee or director, Officer | 36 | $0 | $0 | $0 |
| RANDY HULTGREN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KARLTON ADAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ADRIAN BEVERAGE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL ADELMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN PERNICK | MEMBER - BAB CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL A WEAR | MEMBER - CAC CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE REDFERN | MEMBER - BAB VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| VICKI KRAAI | MEMBER - CAC VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| VALLABH SAMBAMURTHY | UW REPRESENTATIVE Trustee or director | 1 | $0 | $0 | $0 |
| AMBER VAN TIL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BALLARD CASSADY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DOUG WAREHAM | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JACKSON HATAWAY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENIFER WALLER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOE WITT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LORRIE TROGDEN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN SORENSEN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD BAIER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICK CLAYBURGH | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROSE OSWALD POELS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| T RANN PAYNTER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended October 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIRBY DAVIDSON | PRESIDENT & CEO Trustee or director, Officer | 36 | $247,087 | $27,454 | $55,330 |
| LORRIE TROGDEN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RANDY HULTGREN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KARLTON ADAM | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL ADELMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETSY JOHNSON | MEMBER - BAB CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL A WEAR | MEMBER - CAC CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN PERNICK MEMBER | BAB VICE CHAIR (START 8/2023) Trustee or director | 1 | $0 | $0 | $0 |
| SUE BLACK | BAB VICE CHAIR (TERM 7/2023) Trustee or director | 1 | $0 | $0 | $0 |
| VICKI KRAAI | MEMBER - CAC VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| VALLABH SAMBAMURTHY | UW REPRESENTATIVE Trustee or director | 1 | $0 | $0 | $0 |
| ADRIAN BEVERAGE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMBER VAN TIL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BALLARD CASSADY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DOUG WAREHAM | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JACKSON HATAWAY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENIFER WALLER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOE WITT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN SORENSEN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD BAIER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICK CLAYBURGH | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROSE OSWALD POELS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| T RANN PAYNTER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4721 S BILTMORE LN, MADISON, WI 53718-2107
- Principal officer (990 for 2024)
- PAUL KATZ, 4721 S BILTMORE LANE, MADISON, WI 53718
- Signed the 990
- PAUL KATZ, PRESIDENT & CEO
- Phone
- (608) 243-1945
- Website
- WWW.GSB.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO SERVE THE ADVANCED MANAGEMENT DEVELOPMENT NEEDS OF PROFESSIONALS AND ORGANIZATIONS IN THE BANKING AND FINANCIAL SERVICES INDUSTRY.
Program accomplishments
- GRADUATE SCHOOL OF BANKING PROGRAM (421 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.Expenses $1,704,134 · revenue $2,504,022
- DISTANCE EDUCATION (443 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.Expenses $253,845 · revenue $144,309
- FINANCIAL MANAGERS SCHOOL (65 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.Expenses $204,673 · revenue $243,862
- BANK TECHNOLOGY MANAGEMENT SCHOOL - 50 PARTICIPANTSBANK TECHNOLOGY SECURITY SCHOOL - 44 PARTICIPANTS HUMAN RESOURCES MANAGEMENT SCHOOL - 50 PARTICIPANTS DIGITAL BANKING SCHOOL - 31 PARTICIPATING BANKSExpenses $573,932 · revenue $556,149
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 39-1467668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $612,657
- Income (IRS master file)
- $3,568,364
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $3,568,364 | $4,061,039 | $612,657 | IRS |
| 990 | October 2024 | $3,830,250 | $4,145,776 | $1,193,165 | XML |
| 990 | October 2023 | $4,036,446 | $3,795,283 | $1,525,736 | XML |
| 990 | October 2022 | $4,080,675 | $3,765,113 | $1,349,649 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1467668).
Questions about GRADUATE SCHOOL OF BANKING INC
- What is the EIN of GRADUATE SCHOOL OF BANKING INC?
- The employer identification number (EIN) of GRADUATE SCHOOL OF BANKING INC is 39-1467668.
- Is GRADUATE SCHOOL OF BANKING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to GRADUATE SCHOOL OF BANKING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRADUATE SCHOOL OF BANKING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRADUATE SCHOOL OF BANKING INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRADUATE SCHOOL OF BANKING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of GRADUATE SCHOOL OF BANKING INC?
- The 990 for the year ended October 31, 2025 names PAUL KATZ.
- Who are the officers and directors of GRADUATE SCHOOL OF BANKING INC?
- The 990 for the year ended October 31, 2025 lists 23 people; 2 received compensation from the organization, the highest $287,517 (KIRBY DAVIDSON FORMER, PRESIDENT & CEO (TERM 12/2024)).
- How much revenue does GRADUATE SCHOOL OF BANKING INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $3,568,364, expenses of $4,061,039 and total assets of $612,657 at year end.
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