Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $225,000

• 1f · All other contributions, gifts and grants

  $6,017

• 3 · Investment income

  total $328,170 · excluded $328,170

• 7a · Gross sales of assets other than inventory

  securities $944,740

• 7b · Less cost or other basis and sales expenses

  securities $650,393

• 7c · Gain or loss

  securities $294,347

• 7d · Net gain or loss

  total $294,347 · excluded $294,347

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $124,055 · program services $124,055

• 11a · Fees: management

  total $40,000 · management and general $40,000

• 11c · Fees: accounting

  total $4,643 · management and general $4,643

• 11f · Fees: investment management

  total $58,890 · management and general $58,890

• 11g · Fees: other

  total $21,904 · management and general $21,904

• 14 · Information technology

  total $582 · management and general $582

• 17 · Travel

  total $5,593 · management and general $5,593

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $31,256 · end of year $68,934

• 4 · Accounts receivable

  beginning of year $31,372 · end of year $31,550

• 9 · Prepaid expenses and deferred charges

  beginning of year $879 · end of year $2,186

• 11 · Investments: publicly traded securities

  beginning of year $8,495,653 · end of year $10,298,828

• 17 · Accounts payable and accrued expenses

  beginning of year $104 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $8,544,056 · end of year $10,389,498

• 28 · Net assets with donor restrictions

  beginning of year $15,000 · end of year $12,000

The filer's explanations (Part III)

PART I, LINE 1A

REIMBURSEMENT FOR COMPANION TRAVEL IS PROVIDED IF IT IS AN APPROVED SPOUSAL FUNCTION SUCH AS A BOARD MEETING.

PART I, LINE 3

THE COMPENSATION OF THE GRADUATE SCHOOL OF BANKING'S (GSB) PRESIDENT/CEO IS DETERMINED BY THE GSB EXECUTIVE COMMITTEE OF THE GSB 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 GSB PRESIDENT/CEO THAT IS THEN SHARED WITH THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL. IN FISCAL YEAR 2024, GSB UNDERWENT A SEARCH FOR A NEW PRESIDENT & CEO AND UTILIZED MARKET DATA FOR COMPENSATION.