Pacific Bankers Management Institute
- Assets
- $6.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Bellevue, WA
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 91-6034921
Organization Overview
Pacific Bankers Management Institute is located in Bellevue, WA. The organization was established in 1970. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Pacific Bankers Management Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Bankers Management Institute 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 12/2023, Pacific Bankers Management Institute generated $5.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRADUATE LEVEL EDUCATION FOR THE FINANCIAL SERVICES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC COAST BANKING SCHOOL HAD 750 PARTICIPANTS WHO ATTENDED TWO-WEEK RESIDENT SESSIONS FOR THREE CONSECUTIVE SUMMERS AND COMPLETED RESEARCH ASSIGNMENTS BETWEEN SESSIONS. PARTICIPANTS WERE SENIOR LEVEL OFFICERS AND EMPLOYEES FROM THE FINANCIAL SERVICES INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Claflin President & | OfficerTrustee | 40 | $361,200 |
Jenene Szuch Secretary & | OfficerTrustee | 40 | $184,736 |
Kathryn Thompson VP Marketing | 40 | $126,809 | |
Brent Beardall Board Member | Trustee | 1 | $0 |
David Brager Board Member | Trustee | 1 | $0 |
Benjamin F Browning Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,774 |
| 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 | $90,774 |
| Total Program Service Revenue | $5,218,575 |
| Investment income | $191,895 |
| 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 | $5,501,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $849,822 |
| Compensation of current officers, directors, key employees. | $247,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,199 |
| Pension plan accruals and contributions | $8,746 |
| Other employee benefits | $44,709 |
| Payroll taxes | $67,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,438 |
| Fees for services: Accounting | $41,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,962 |
| Advertising and promotion | $129,100 |
| Office expenses | $6,211 |
| Information technology | $36,249 |
| Royalties | $0 |
| Occupancy | $70,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $511 |
| Insurance | $7,499 |
| All other expenses | $477,213 |
| Total functional expenses | $4,390,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,712 |
| Savings and temporary cash investments | $3,142,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,814 |
| 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 | $62,679 |
| Net Land, buildings, and equipment | $16,579 |
| Investments—publicly traded securities | $3,022,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124,713 |
| Total assets | $6,709,898 |
| Accounts payable and accrued expenses | $1,522,869 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $120,013 |
| Total liabilities | $1,642,882 |
| Net assets without donor restrictions | $5,067,016 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,709,898 |