Form 990 for tax year 2022
Filed by PACIFIC BANKERS MANAGEMENT INSTITUTE.
Totals
- Total revenue
- $4,407,132
- Total expenses
- $4,599,612
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,377,870
- Investment income
- $29,262
- Other revenue
- $0
- Total assets, end of year
- $5,610,546
- Total liabilities, end of year
- $1,677,650
- Net assets or fund balances, end of year
- $3,932,896
- Program services expenses (Part IX)
- $4,272,031
- Management and general expenses
- $327,581
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,272,031
Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: TUITION
total $4,016,625 · related or exempt $4,016,625
-
2b · Program service revenue: REGISTRATION FEES
total $245,000 · related or exempt $245,000
-
2c · Program service revenue: WEB CLASSES & SEMINARS
total $77,570 · related or exempt $77,570
-
2d · Program service revenue: OTHER FEES
total $38,675 · related or exempt $38,675
-
3 · Investment income
total $29,262 · excluded $29,262
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $800,212 · program services $602,319 · management and general $197,893
-
7 · Other salaries and wages
total $367,394 · program services $344,179 · management and general $23,215
-
8 · Pension plan contributions
total $11,413 · program services $11,413
-
9 · Other employee benefits
total $53,615 · program services $50,060 · management and general $3,555
-
10 · Payroll taxes
total $64,715 · program services $54,214 · management and general $10,501
-
11b · Fees: legal
total $3,546 · program services $3,546
-
11c · Fees: accounting
total $26,798 · management and general $26,798
-
12 · Advertising and promotion
total $130,175 · program services $130,175
-
13 · Office expenses
total $9,966 · program services $8,172 · management and general $1,794
-
14 · Information technology
total $25,599 · program services $20,991 · management and general $4,608
-
16 · Occupancy
total $67,849 · program services $55,636 · management and general $12,213
-
22 · Depreciation, depletion and amortization
total $888 · program services $728 · management and general $160
-
23 · Insurance
total $6,961 · program services $5,708 · management and general $1,253
-
24a · Other expenses: SESSION ROOM AND BOARD
total $1,108,458 · program services $1,108,458
-
24b · Other expenses: DONATIONS
total $1,020,000 · program services $1,020,000
-
24c · Other expenses: FACULTY, SPEAKERS & OTHER
total $361,227 · program services $361,227
-
24d · Other expenses: EXTENSION PROGRAM
total $121,183 · program services $121,183
-
24e · All other expenses
total $419,613 · program services $374,022 · management and general $45,591
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,614 · end of year $345,723
-
2 · Savings and temporary cash investments
beginning of year $5,713,152 · end of year $2,244,387
-
4 · Accounts receivable
end of year $64,949
-
9 · Prepaid expenses and deferred charges
beginning of year $96,780 · end of year $84,237
-
10a · Land, buildings and equipment: cost or other basis
$185,095
-
10b · Land, buildings and equipment: accumulated depreciation
$185,095
-
10c · Land, buildings and equipment, net
beginning of year $888
-
11 · Investments: publicly traded securities
end of year $2,679,437
-
15 · Other assets
beginning of year $6,053 · end of year $191,813
-
17 · Accounts payable and accrued expenses
beginning of year $1,813,116 · end of year $1,490,537
-
25 · Other liabilities
end of year $187,113
-
27 · Net assets without donor restrictions
beginning of year $4,100,371 · end of year $3,932,896
Mission and programs · 2022
Mission
GRADUATE LEVEL EDUCATION FOR THE FINANCIAL SERVICES INDUSTRY.
-
PACIFIC COAST BANKING SCHOOL HAD 700 PARTICIPANTS WHO PARTICPATED IN VIRUTAL SESSIONS AND COMPLETED RESEARCH ASSIGNMENTS BETWEEN SESSIONS. PARTICIPANTS WERE SENIOR LEVEL OFFICERS.
Expenses $4,272,031 · Revenue $4,377,870
As filed on the 2022 return.
Listed in Part VII
-
Gretchen ClaflinGRETCHEN CLAFLIN
PRESIDENT &
- Total calculated
- $498,316
- From this org
- $305,200
- From related orgs
- $0
- Other
- $193,116
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $102,000
- Other
- $3,200
- Deferred
- $181,193
- Nontaxable benefits
- $11,923
- Filer's total
- $498,316
-
Michelle BarrettMICHELLE BARRETT
CHIEF OPERAT
- Total calculated
- $274,046
- From this org
- $211,631
- From related orgs
- $0
- Other
- $62,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,000
- Bonus
- $39,300
- Other
- $2,331
- Deferred
- $48,370
- Nontaxable benefits
- $14,045
- Filer's total
- $274,046
-
Jenene SzuchJENENE SZUCH
VP PROGRAM
- Total calculated
- $227,388
- From this org
- $156,032
- From related orgs
- $0
- Other
- $71,356
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,000
- Bonus
- $55,000
- Other
- $1,032
- Deferred
- $57,750
- Nontaxable benefits
- $13,606
- Filer's total
- $227,388
-
Jane ReddieJANE REDDIE
VP REGISTRAR
- Total calculated
- $219,243
- From this org
- $136,341
- From related orgs
- $0
- Other
- $82,902
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $95,000
- Bonus
- $39,750
- Other
- $1,591
- Deferred
- $69,988
- Nontaxable benefits
- $12,914
- Filer's total
- $219,243
-
Elizabeth CadwalladerELIZABETH CADWALLADER
PCBS BOARD C
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Brent BeardallBRENT BEARDALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BragerDAVID BRAGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin F BrowningBENJAMIN F BROWNING
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 1
-
David CameronDAVID CAMERON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Randall CheslerRANDALL CHESLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joaquin Plb CookJOAQUIN PLB COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff DeuelJEFF DEUEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leah DirksLEAH DIRKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cory GardinerCORY GARDINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Janet GarufisJANET GARUFIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark GrescovichMARK GRESCOVICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Curtis HansenCURTIS HANSEN
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 1
-
Robert HarrisonROBERT HARRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cary HegregergCARY HEGREGERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack E Heath IIIJACK E HEATH III
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Stan IvieSTAN IVIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John V Evans JrJOHN V EVANS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary KnellMARY KNELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark MasonMARK MASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda NavarroLINDA NAVARRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tory NixonTORY NIXON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peggy OhlhaverPEGGY OHLHAVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gerrod A ParchmonGERROD A PARCHMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven PolitakisSTEVEN POLITAKIS
PCBS VICE CH
- Total calculated
- $0
- Hours/week
- 1
-
Kevin RileyKEVIN RILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph SchierhornJOSEPH SCHIERHORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
J Gregory SeiblyJ GREGORY SEIBLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Glen SimecekGLEN SIMECEK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clint SteinCLINT STEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kurt WalsdorfKURT WALSDORF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Greg WardGREG WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · EDUCATION · WA
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
PACIFIC COAST BANKING SCHOOL LLC
MANAGMENT · WA · income $4,407,132 · assets $5,610,546
Directly controlled by PBM INST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332869349302443
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