2026-05-19T16:44:50-05:00 2025-10-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-11-01 391467668 GRADUATE SCHOOL OF BANKING INC GRAD 6082431945 4721 S BILTMORE LANE MADISON WI 53718 PAUL KATZ PRESIDENT & CEO 6082431945 2026-05-19 1 1 TROY E MARINE P00187863 4147775500 2026-05-19 2024 2025-03-06 01:10:19Z PAUL KATZ 4721 S BILTMORE LANE MADISON WI 53718 3568364 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 17 17 19 0 0 0 40647 3724555 3448342 65695 39375 40000 40000 3830250 3568364 225000 0 0 0 1207878 1169941 0 0 0 2712898 2891098 4145776 4061039 -315526 -492675 1193165 612657 453049 365216 740116 247441 X TO SERVE THE ADVANCED MANAGEMENT DEVELOPMENT NEEDS OF PROFESSIONALS AND ORGANIZATIONS IN THE BANKING AND FINANCIAL SERVICES INDUSTRY. 0 0 1704134 2504022 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. 253845 144309 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. 204673 243862 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. 573932 556149 BANK TECHNOLOGY MANAGEMENT SCHOOL - 50 PARTICIPANTSBANK TECHNOLOGY SECURITY SCHOOL - 44 PARTICIPANTS HUMAN RESOURCES MANAGEMENT SCHOOL - 50 PARTICIPANTS DIGITAL BANKING SCHOOL - 31 PARTICIPATING BANKS 573932 556149 2736584 1 1 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 56 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 17 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 PAUL KATZ PRESIDENT & CEO (EFF. 05/2024) 36.00 4.00 X X 133327 14814 832 KIRBY DAVIDSON FORMER PRESIDENT & CEO (TERM 12/2024) 36.00 4.00 X X 287517 31947 65289 ADRIAN BEVERAGE CHAIR 1.00 1.00 X X 0 0 0 JENIFER WALLER VICE CHAIR 1.00 1.00 X X 0 0 0 KARLTON ADAM IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 T RANN PAYNTER TREASURER 1.00 1.00 X X 0 0 0 VICKI KRAAI MEMBER - CAC CHAIR 1.00 1.00 X 0 0 0 JULIE REDFERN MEMBER - BAB CHAIR 1.00 1.00 X 0 0 0 BRIAN HUMPHREYS MEMBER - BAB VICE CHAIR 1.00 1.00 X 0 0 0 LISA YAFFE 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 MICHAEL ADELMAN MEMBER 1.00 1.00 X 0 0 0 RANDY HULTGREN 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 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 420844 46761 66121 2 0 1 0 UW MADISON ACCOUNTING SERVICES PO BOX 78004 MILWAUKEE WI 532788004 FACILITIES AND HOUSING 536277 AURUM CONSULTANTS 33 AUTUMN DRIVE SUITE 100 NEWTON PA 18940 HONORARIUMS, ADVERTISING, SOFTWARE DEVEL 178710 MEMORIAL UNION ACCOUNTING 800 LANGDON STREET MADISON WI 53706 FACILITIES RENTAL 166582 KNUPP & WATSON & WALLMAN 937 BURNING WOOD WAY MADISON WI 53704 MARKETING SERVICES 114045 4 40647 40647 TUITION AND ROOM AND B 611710 3130164 3130164 REGISTRATION 611710 232400 232400 85778 85778 3448342 39375 39375 MANAGEMENT FEE 900099 40000 40000 40000 3568364 3448342 0 79375 X 536845 322107 214738 439354 284774 154580 50068 36655 13413 84107 60454 23653 59567 41524 18043 10398 4811 5587 19135 19135 840522 602760 237762 133706 133706 9747 9747 163740 47489 116251 17046 17046 428094 168516 259578 48594 48594 184177 154100 30077 15535 15535 STUDENT LODGING 383669 383669 GROUP MEALS 255401 255401 REFERRAL FEES, REBATES, 142296 142296 STUDENT SUPPLIES 108000 108000 131038 124028 7010 4061039 2736584 1324455 0 723338 375307 13443 8400 103467 74241 1331512 1222790 208199 108722 144718 45987 1193165 612657 282583 257662 115370 67535 55096 40019 453049 365216 X 740116 247441 740116 247441 1193165 612657 -492675 0 X 1 X 0 1 0 X 139206 40647 179853 2998318 4037160 3994281 3724555 3448342 18202656 3137524 4037160 3994281 3724555 3488989 18382509 0 0 0 18382509 3871 3515 2165 65695 39375 114621 3871 3515 2165 65695 39375 114621 237516 40000 40000 40000 40000 397516 3378911 4080675 4036446 3830250 3568364 18894646 0.97290 0.97170 0.00610 0.00450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEES - 2020 AMOUNT: $ 40,000. 2021 AMOUNT: $ 40,000. 2022 AMOUNT: $ 40,000. 2023 AMOUNT: $ 40,000. 2024 AMOUNT: $ 40,000. EMPLOYEE RETENTION CREDIT - 2020 AMOUNT: $ 197,516. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18119 9409 8710 1313393 1213381 100012 108722 RIGHT OF USE ASSET 39220 INTERCOMPANY RECEIVABLES 6767 45987 LEASE LIABILITY 40019 40019 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. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KIRBY DAVIDSON FORMER PRESIDENT & CEO (TERM 12/2024) 253455 28162 25200 2800 8862 985 27590 3066 31170 3463 346277 38476 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 557,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 557,113. CURRICULUM DEVELOPMENT: PROGRAM SERVICE EXPENSES 40,647. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,647. RECRUITING FIRM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 46,910. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,910. MARKETING FIRM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 114,045. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,045. OTHER FEES: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 76,807. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,807. 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 0 1 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 Q 40647 FMV