2024-04-02T09:52:29-07:00 2023-08-31 451621265 TED SOILEAU CPA LLC 429 GOVERNMENT ST FL 2 BATON ROUGE LA 70802 990 2022-09-01 720019332 TSBS INC TSBS 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 JOHN NAUGHTON Executive Director 2024-04-02 true JOHN NAUGHTON 999009999 true Ted A Soileau P00852991 2257667910 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z JOHN NAUGHTON 5263324 false X gsblsu.org X 1981 LA TSBS IS AN EDUCATIONAL INSTITUTION FOR THE BANKING INDUSTRY PROVIDING CLASSROOM TRAINING TO BANKING INDUSTRY PERSONNEL IN A WIDE VARIETY OF FINANCIAL RELATED MATTERS. 6 3 14 6 0 0 3039 2408786 46012 47314 750 49051 2456850 0 0 196939 796702 0 0 157401 1370928 354340 2167630 -305289 289220 7541535 6627545 80947 61975 7460588 6565570 TSBS IS AN EDUCATIONAL INSTITUTION FOR THE BANKING INDUSTRY PROVIDING CLASSROOM TRAINING TO BANKING INDUSTRY PERSONNEL IN A WIDE VARIETY OF FINANCIAL RELATED MATTERS. false false 1401701 2456850 PROVIDING CLASSROOM TRAINING IN AREAS OF INTEREST TO INDIVIDUALS EMPLOYED IN THE BANKING INDUSTRY AND OTHER FINANCIAL INSTITUTIONS. INCLUDED IN THIS ACTIVITY IS THE DEVELOPMENT OF NEW COURSES FOR AN EVER CHANGING INDUSTRY. 1401701 true false false false false false false false false false true true false false false true true false true false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 61 0 true 14 true false false false false false false false 0 false false false false false false false X 6 3 false false false false true true false true true false false true true false true true true true true false X JOHN NAUGHTON 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 JOHN NAUGHTON EXECUTIVE DIRECTOR 40.00 0.00 248292 0 37519 Joseph D Hudgins President 5.00 0.00 X 5500 0 0 STEPHEN DAVID President 0.00 0.00 X 5500 0 0 Michael Allen President 5.00 0.00 X 5000 0 0 Scott E Latham Chairman 1.00 0.00 X 0 0 0 Colin Barrett Chairman 1.00 0.00 X 0 0 0 FRED GREEN Chairman 0.00 0.00 X 0 0 0 264292 37519 1 false true false DON WOODLAND 7770 WILLOW GROVE BATON ROUGE LA 70810 CONSULTING 116275 MICHAEL HIGHFIELD 119 TUXFORD ROAD STARKVILLE MS 39759 CONSULTING 123921 2 0 TUITION AND FEES 611430 2408786 2408786 2408786 165411 165411 0 0 0 2688377 2806474 -118097 -118097 -118097 0 0 0 MEXICAN CERTIFICATION 611430 750 750 750 2456850 2291439 165411 0 0 0 0 271807 271807 0 374954 374954 27152 27152 81033 81033 41756 41756 0 6594 6594 16068 16068 0 0 27643 27643 0 24668 24668 83072 83072 27397 27397 0 36876 36876 177176 177176 0 0 0 0 21167 21167 49614 49614 HOUSING ANNUAL STUDENT 306543 306543 ANNUAL SCHOOL/STUDENT 287929 287929 ACADEMIC CONSULTANT 231281 231281 FOOD ANNUAL STUDENT EXPENSE 36435 36435 38465 38465 2167630 1401701 765929 0 167958 542530 0 0 0 0 0 0 0 500 1975413 320601 1674703 1654812 5278225 3993036 418668 434687 0 0 1981 1980 7541535 6627545 5232 75715 61975 80947 61975 X 7460588 6565570 7460588 6565570 7541535 6627545 X 289220 91690 -1275928 X false true X false false X 956000 956000 886000 192049 693951 10372 10372 123041 118180 4861 1654812 434687 X 2448422 91690 -72475 19215 2429207 27643 27643 2456850 2067512 2067512 27643 72475 100118 2167630 Part X : FIN48 Footnote ACCOUNTING FOR THE UNCERTAINTY OF TAX POSITIONS CAN IMPACT THE FINANCIAL STATEMENTS. EVEN THOUGH THE SCHOOL IS EXEMPT FROM INCOME TAXES, THE SCHOOL MUST STILL CONSIDER WHETHER ITS EXEMPT INCOME AND OTHER ACTIVITIES OF THE SCHOOL MIGHT BE DETERMINED TO BE UNRELATED BUSINESS INCOME, AND WHETHER THE SCHOOL HAS PROPERLY MAINTAINED ITS TAX EXEMPT STATUS. FASB ASC 740 FINANCIAL INTERPRETATION NO. 48 I.E. FIN 48, PUBLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD, ADDRESSES THE ISSUE OF ACCOUNTING FOR THE UNCERTAINTY OF MATERIAL TAX POSITIONS IMPACTING THE FINANCIAL STATEMENTS. THE OFFICERS HAVE ADOPTED THE PROVISIONS OF FASB ASC 740 EFFECTIVE JUNE 30, 2019. THE ACCOUNTING FOR ALL MATERIAL POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ANY INCOME TAX RETURN IS GOVERNED BY FASB ASC 740. INCOME TAX RETURNS INCLUDE THOSE POSITIONS THAT WERE FILED OR THAT SHOULD HAVE BEEN FILED WITH FEDERAL TAXING AUTHORITIES. IT IS THE OFFICERS POLICY TO ASSESS ALL MATERIAL POSITIONS TAKEN ON ANY FEDERAL INCOME TAX RETURN. THE OFFICERS WILL REQUIRE ITS LEGAL AND TAX COUNSEL TO COMMUNICATE TO THEM ALL SUCH UNCERTAIN TAX POSITIONS IN ORDER TO EVALUATE THE IMPACT OF THE TAX POSITION AND THE REPORTING AND DISCLOSURE REQUIRED. THE REQUIREMENT WILL APPLY TO NOT ONLY THE CURRENT REPORTING YEAR BUT ALSO TO ALL PRIOR OPEN REPORTING YEARS THAT COULD STILL BE SUBJECT TO EXAMINATION BY A TAXING AUTHORITY. THE OFFICERS HAS DETERMINED THAT ANY MATERIAL UNCERTAIN TAX POSITIONS THAT ARE PRESENTED TO THE BOARD OF TRUSTEES WILL BE RECOGNIZED AND MEASURED USING A MORE-LIKELY-THAN-NOT, MLTN THRESHOLD. THE MLTN THRESHOLD MEANS THAT l. A BENEFIT RELATED TO AN UNCERTAIN TAX POSITION MAY NOT BE RECOGNIZED IN THE FINANCIAL STATEMENTS UNLESS IT IS MLTN THAT THE POSITION WILL BE SUSTAINED BASED ON ITS TECHNICAL MERITS, AND 2. THERE MUST BE MORE THAN A 50 LIKELIHOOD THAT THE POSITION WOULD BE SUSTAINED IF CHALLENGED AND CONSIDERED BY THE HIGHEST COURT IN THE RELEVANT JURISDICTION. MEASUREMENT OF ANY UNCERTAIN TAX POSITION WILL REQUIRE CALCULATING THE CUMULATIVE PROBABILITY OF AN OUTCOME EITHER FOR OR AGAINST THE TAX POSITION. THE TAX BENEFIT OF A QUALIFYING POSITION IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. INITIAL RECOGNITION OF AN UNCERTAIN TAX POSITION WILL REQUIRE CONTINUED REASSESSMENT OF THE TAX POSITION ON AN ANNUAL BASIS. AS OF EACH YEAR-END, ANY UNRESOLVED UNCERTAIN TAX POSITIONS MUST BE REASSESSED, AND THE OFFICERS MUST DETERMINE WHETHER l. THE FACTORS UNDERLYING THE SUSTAINABILITY ASSERTIONS HAVE CHANGED AND, 2. THE AMOUNT OF THE RECOGNIZED TAX BENEFIT IS STILL APPROPRIATE. DEVELOPMENTS SUCH AS CASE LAW, CHANGES IN TAX LAW, NEW RULINGS OR REGULATIONS ISSUED BY TAXING AUTHORITIES, COULD AFFECT WHETHER A TAX POSITION SHOULD BE RECOGNIZED OR THE AMOUNT THAT SHOULD BE REPORTED. THE SCHOOL WILL BE REQUIRED TO ACCRUE INTEREST AND PENALTIES THAT, UNDER PRESENT TAX LAW, THE SCHOOL WOULD INCUR IF THE UNCERTAIN TAX POSITION ULTIMATELY WERE NOT SUSTAINED. FOR THE YEAR ENDING AUGUST 31, 2023, NO UNCERTAIN TAX POSITIONS WERE DETERMINED TO EXIST. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S OTHER INVESTMENT COST $72475 true true true false false true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized ORGANIZATION DOES NOT ADVERTISE BY MEDIA OR NEWSPAPER BUT RATHER RELIES ON ITS ONGOING RELATIONSHIP WITH THE FINANCIAL INSTITUTIONS IT SERVES. THE ORGANIZATION'S WEBSITE IS THE MAIN MEDIA SOURCE FOR INFORMING THE PUBLIC OF THE ORGANIZATION'S COURSES AND INSTRUCTORS AND IT IS WITHIN THIS WEBSITE THAT THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS DISCLOSED. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained NO TRACKING OF RACE OF ANY STUDENT/FACULTY/STAFF IS PERFORMED. RACIALLY, NON-DISCRIMINATORY POLICIES ARE IN PLACE. NO FUNDRAISING ACTIVITIES ARE USED. Schedule E, Line 5 - Explanation of Organization Discrimination by Race X false false false false false false false false false JOHN NAUGHTON EXECUTIVE DIRECTOR 248292 12180 25339 285811 Form 990, Part VI, Section B, Line 11b A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. A COPY OF THE IRS 990 TAX RETURN WAS PROVIDED TO THE EXECUTIVE DIRECTOR FOR HIS REVIEW, APPROVAL AND SIGNATURE. Form 990, Part VI, Section C, Line 19 AS CLEARLY INDICATED IN THE EXECUTIVE BOARD AND FULL BOARD MEETING MINUTES, ALL FINANCIAL REPORTING IS PROVIDED TO ALL PARTIES. THE IRS FORM 990 WILL ALSO BE MADE AVAILABLE UPON REQUEST TO THE EXECUTIVE DIRECTOR. ANY PUBLIC REQUEST TO VIEW THESE DOCUMENTS ALONG WITH THE IRS FORM 1023 AND THE TAX EXEMPT DETERMINATION LETTER FROM THE IRS WILL ALSO BE MADE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 = -$1275928 PART VI LINE 15B THE EXECUTIVE COMMITTEE PERFORMS THE FOLLOWING ACTIONS 1. BOARD MEMBERS, NOT HAVING A CONFLICT OF INTEREST, APPROVE THE EXECUTIVE DIRECTORS, ANNUAL SALARY, 2. THE BOARD CONDUCTS AN INTERNAL SURVEY OF THE COMPENSATION PAID TO OTHER EXECUTIVE DIRECTORS, MORE THAN 3, OF SIMILIAR BANKING TRAINING ORGANIZATIONS AROUND THE UNITED STATES, 3. THE EXECUTIVE COMMITTEE ADEQUATELY AND CONCURRENTLY DOCUMENTS THAT THE EXECUTIVE DIRECTOR COMPENSATION PACKAGE IS WITHIN THE RANGE OF SUCH COMPARABLE DATA. 4. THE COMPENSATION PACKAGE IS APPROVED IN ADVANCE OF THE COMPENSATION EARNED. 5. THE EXECUTIVE COMMITTEE HAS ADOPTED THE PROVISIONS OF TREASURY REGULATION SECTION 53 .4958-6 C 1 III. THE CONFLICT OF INTEREST POLICY PRECLUDES ANY EXECUTIVE COMMITTEE MEMBERS WHO HAVE A FINANCIAL INTEREST IN THE COMPENSATION TRANSACTION, WHETHER DIRECTLY OR INDIRECTLY THROUGH A FAMILY OR BUSINESS RELATION WITH A PARTY TO THE TRANSACTION, FROM VOTING ON THE APPROVAL OF THE TRANSACTION. 6. THE EXECUTIVE COMMITTEE MEMBERS NOT HAVING A CONFLICT OF INTEREST WILL REVIEW THE SALARIES OF AT LEAST 3 DIFFERENT PERSONS WITH POSITIONS SIMILAR TO THE EXEC. DIRECTORS, AT COMPARABLE SCHOOLS TO ENSURE THAT THE EXECUTIVE DIRECTORS AGGREGATE COMPENSATION PACKAGE IS NOT MORE THAN THE EXECUTIVE DIRECTORS PEERS. 7. THE DOCUMENTATION INCLUDES THE FOLLOWING A. THE TERMS OF THE COMPENSATION PACKAGE AND THE DATE IT WAS APPROVED, B. THE MEMBERS OF THE EXECUTIVE COMMITTEE WHO WERE PRESENT DURING THE DEBATE ON THE COMPENSATION PACKAGE AND THOSE WHO VOTED ON ITS APPROVAL, C. THE COMPARABLE DATA RELIED UPON BY THE EXECUTIVE COMMITTEE AND THE MEANS BY WHICH THE EXECUTIVE COMMITTEE OBTAINED THE DATA AND THE RECUSAL OF ANY MEMBERS OF THE EXECUTIVE COMMITTEE WHO MAY HAVE HAD A CONFLICT OF INTEREST. D. THE EXEC. COMMITTEE MUST PREPARE THIS DOCUMENTATION BEFORE THE LATER OF 60 DAYS AFTER THE VOTE OR THE NEXT MEETING OF THE EXECUTIVE COMMITTEE. PART VI, LINE 12C BOARD OF DIRECTORS MEET BI-ANNUALLY TO ADDRESS POLICY ISSUES, CIRRICULUM CHANGES, TEACHER EVALUATIONS AND NEW HIRES, INVESTMENT POLICY REVIEW AND POLICY DECISIONS, ADVERTISING EFFORTS, ETC. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST, PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE FULL BOARD OF DIRECTORS AND ACTED UPON . PART VI, LINE 6 TSBS, INC. IS COMPRISED OF THE PARTICIPATING STATE BANKER ASSOCIATIONS THAT PARTICIPATE IN THE ORGANIZATION. PART VI, LINE 7A THE BOARD OF TRUSTEES ELECT THE OFFICERS FOR THE UPCOMING YEAR AT THE ANNUAL FALL MEETING. THE NOMINATING COMMITTEE PLACES INDIVIDUALS IN NOMINATION FOR APPROVAL BY THE ENTIRE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES CONSISTS OF REPRESENTATIVES FROM THE PARTICIPATING BANKERS ASSOCIATIONS. THE BOARD OF TRUSTEES ALSO ELECT THOSE INDIVIDUALS WHO WILL SERVE ON THE EXECUTIVE COMMITTEE. PART VII, SECTION A TAX SOFTWARE HAS LIMITATIONS ON TITLE/POSITION FOR OFFICER'S. WE ARE USING SCHEDULE O TO PROVIDE THE ACTUAL TITLES TO THESE OFFICERS. PRESIDENT - Mr. J. Michael Mike Allen, PAST PRESIDENT-Mr. Joseph D. Jody Hudgins, PAST CHAIRMAN-Mr. Scott E. Latham, CHAIRMAN-Mr. Colin Barrett, PRESIDENT ELECT - Steven David, CHAIRMAN ELECT - Fred Green. THIS GROUP OF OFFICERS REPRESENT THE EXECUTIVE BOARD. THE WOODLAND FOUNDATION 4273 HIGHLAND ROAD BATON ROUGE LA 70808 834057982 SUPPORT LA 501 C 3 YES YES false false true false false false false false false false false false false false false false false false false false THE WOODLAND FOUNDATION b 1275927 COST