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HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC

EIN 39-1466758 MADISON, WI

Browse the largest nonprofits in Wisconsin

Revenue 2023
$853,534
Expenses 2023
$255,667

Program services were 48.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
2000
Street
4721 S BILTMORE LN

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2023

Mission

TO INITIATE, FUND, MARKET, AND IMPLEMENT PROGRAMS AND ACTIVITIES WHICH SUPPORT THE MISSION OF THE GRADUATE SCHOOL OF BANKING, INC.

Activities or mission (Part I)

TO INITIATE, FUND, MARKET AND IMPLEMENT PROGRAMS AND ACTIVITIES WHICH SUPPORT THE MISSION OF THE GRADUATE SCHOOL OF BANKING, INC.

  • THE HERBERT V. PROCHNOW EDUCATIONAL FOUNDATION, INC. SUPPORTS RESEARCH IN BANKING AND EDUCATION AND SPONSORS A NUMBER OF EDUCATIONAL PROGRAMS INTENDED TO BENEFIT THE BANKING INDUSTRY. THIS YEAR, RECIPIENTS USED 77 SCHOLARSHIPS TO THE BANKING SCHOOL AND 8 TO THE HUMAN RESOURCES SCHOOL.

    Expenses $124,055 · Grants $124,055

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Kirby Davidson

    CEO (THROUGH 12/2024)

    Total calculated
    $354,851
    From this org
    $29,499
    From related orgs
    $265,489
    Other
    $59,863
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $26,836 + $241,520 related
    Bonus
    $2,663 + $23,969 related
    Other
    $0
    Deferred
    $2,828 + $25,454 related
    Nontaxable benefits
    $3,158 + $28,423 related
    Filer's total
    $35,485 + $319,366 related
  • Paul Katz

    PRESIDENT & CEO (STARTED 05/2024)

    Total calculated
    $0
    Hours/week
    4 + 36 related
  • Randy Hultgren

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Karlton Adam

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Adrian Beverage

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael Adelman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kevin Pernick

    MEMBER - BAB CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael A Wear

    MEMBER - CAC CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Julie Redfern

    MEMBER - BAB VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Vicki Kraai

    MEMBER - CAC VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Vallabh Sambamurthy

    UW REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Amber Van Til

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ballard Cassady

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Doug Wareham

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jackson Hataway

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jenifer Waller

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joe Witt

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lorrie Trogden

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Sorensen

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Richard Baier

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rick Clayburgh

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rose Oswald Poels

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • T Rann Paynter

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $853,534
    Expenses
    $255,667
    Contributions
    $231,017
    Grants paid
    $124,055
  • 2022
    Revenue
    $434,366
    Expenses
    $266,497
    Contributions
    $6,500
    Grants paid
    $152,145

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $657,763
    Expenses
    $290,367
    Assets (EOY)
    $8,682,125
  • 2020 · 990

    Revenue
    $784,334
    Expenses
    $264,682
    Assets (EOY)
    $9,416,652
  • 2019 · 990

    Revenue
    $351,695
    Expenses
    $505,216
    Assets (EOY)
    $7,655,586
  • 2018 · 990

    Revenue
    $737,144
    Expenses
    $315,480
    Assets (EOY)
    $7,913,851
  • 2017 · 990

    Revenue
    $728,514
    Expenses
    $275,665
    Assets (EOY)
    $6,911,399
  • 2016 · 990

    Revenue
    $644,365
    Expenses
    $242,193
    Assets (EOY)
    $6,547,157
  • 2015 · 990

    Revenue
    $600,788
    Expenses
    $636,970
    Assets (EOY)
    $5,640,604
  • 2014 · 990

    Revenue
    $609,652
    Expenses
    $319,060
    Assets (EOY)
    $5,836,320
  • 2013 · 990

    Revenue
    $815,456
    Expenses
    $329,536
    Assets (EOY)
    $5,949,306
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $224,459
    Assets (EOY)
    $5,375,461

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.