Graduate School Of Banking Inc

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aurum Consultants
Software Development And Hosting
$158,312
Abrigo
Honorarium, Travel, Software Development
$317,763
View All Vendors

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

Grants Awarded

Over the last fiscal year, Graduate School Of Banking Inc has awarded $650,000 in support to 2 organizations.

Grant RecipientAmount

HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC

Org PageRecipient Profile

Madison, WI

PURPOSE: CONTRIBUTION TO SUPPORTING ORGANIZATION.

$400,000

UNIVERSITY OF WISCONSIN - MADISON

PURPOSE: CONTRIBUTION TO ORGANIZATION

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Graduate School Of Banking Inc has recieved totaling $750,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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