2026-07-21T15:46:09-05:00 2025-09-30 BRUCE E BERNSTIEN & ASSOCIATES 10440 N CENTRAL EXPRESSWAY STE 1040 DALLAS TX 75231 990 2024-10-01 237091275 SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION % JILL CASTILLA SOUT 2147682990 PO BOX 214 SMU DALLAS TX 75275 JILL CASTILLA Chairman 2147682990 2026-08-15 true true bruce Bernstien P01424343 2147060840 2024 2025-03-06 01:10:19Z JILL CASTILLA PO BOX 214 SMU DALLAS TX 75275 10298488 false X WWW.SWGSB.ORG X 1957 TX TO BE THE MOST TRUSTED EDUCATIONAL SOURCE FOR LOAN OFFICERS, BANK DIRECTORS, REGULATORS, COMMERCIAL LENDERS, AND MARKETING AND MANAGEMENT PROFESSIONALS. 19 18 4 18 0 84473 268348 2447393 2908740 743213 567778 167699 30732 3442778 3775598 10490 9000 0 0 665277 872869 0 0 0 1725346 1873282 2401113 2755151 1041665 1020447 5688550 6678113 1208291 1177407 4480259 5500706 X TO PROVIDE THE HIGHEST QUALITY GRADUATE LEVEL EDUCATION FOR BANK AND FINANCIAL SERVICE INDUSTRY MANAGERS, SENIOR OFFICERS, AND DIRECTORS. THE FOUNDATION ALSO SEEKS TO DEVELOP LEADERS WHO ARE ABLE TO MEET THE INDUSTRY'S CHALLENGES WHENEVER AND WHEREVER THEY ARISE. false false 2029270 9000 2931322 SWGSB IS AN EDUCATIONAL FOUNDATION ESTABLISHED TO PROVIDE INSTRUCTION FOR FINANCIAL INSTITUTIONS AND THEIR MANAGEMENT. SWGSB HELD 3 ASSEMBLIES (Assembly for Bank Directors, Certified Community Bank Directors Program) AND 3 CUSTOM PROGRAMS (SWGSB, Commercial Lending School, TBA Trust School) FOR APPROXIMATELY 703 ATTENDEES DURING THE FISCAL YEAR. 2029270 true true false false false false false false false true true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 70 0 true 4 true false false false false false false false false false false false false X 19 18 false false false false false false false true true false false true true true true true true true false false X JILL CASTILLA 2147682991 PO BOX 214 SMU DALLAS TX 75275 WILLIAM T CHITTENDEN PHD PRESIDENT & CEO 40.0 0.0 X X 284909 0 61492 David Davis Chief Operating Officer 40.0 0.0 X 202641 0 26591 SETH BENNETT IT MANAGER 40.0 0.0 X 105522 0 19461 J CRAIG BUFORD trustee 2.0 0.0 X 0 0 0 VICTOR PIERSON TRUSTEE 2.0 0.0 X 0 0 0 Jill Castilla CHAIR 2.0 0.0 X X 0 0 0 Thomas Gary Hudson VICE Chair 2.0 0.0 X X 0 0 0 Matthew B Myers PhD trustee 2.0 0.0 X 0 0 0 Brad Cheves trustee 2.0 0.0 X 0 0 0 R Scott heitkamp TRUSTEE 2.0 0.0 X 0 0 0 darla r rooke trustee 2.0 0.0 X 0 0 0 CHRISTOPHER J FURLOW TRUSTEE 2.0 0.0 X 0 0 0 ROBERT L CLARKE trustee 2.0 0.0 X 0 0 0 charles g cooper trustee 2.0 0.0 X 0 0 0 david l kemp trustee 2.0 0.0 X 0 0 0 jelena mcwilliams trustee 2.0 0.0 X 0 0 0 christopher l williston vi trustee 2.0 0.0 X 0 0 0 Mr F Scott Dueser trustee 2.0 0.0 X 0 0 0 Mr William R Jenkins III trustee 2.0 0.0 X 0 0 0 Ms Susannah T Marshall trustee 2.0 0.0 X 0 0 0 SANFORD M BROWN TRUSTEE 2.0 0.0 X 0 0 0 GREG MASSEY TRUSTEE 2.0 0.0 X 0 0 0 TODD MILBOURN PHD TRUSTEE 2.0 0.0 X 0 0 0 JANET ANN MILLS TRUSTEE 2.0 0.0 X 0 0 0 593072 0 107544 3 false true false LAUREN CHRISTENSEN 6422 LAKEWOOD BLVD DALLAS TX 75214 MARKETING CONSULTING 120100 1 268348 268348 ASSEMBLY TUITION 611600 425785 425785 COMMERCIAL LENDING SCHOOL 611600 350415 350415 SOUTHWESTERN GRADUATE SCHOOL OF BANKING REVENUE 611600 2122040 2122040 BANK SIMULATIONS REVENUE 611600 10000 10000 OTHER INCOME 611600 500 500 2908740 114936 114936 0 0 8150 8150 0 8150 8150 6975732 6522890 452842 452842 452842 0 0 0 0 0 0 0 0 0 CONCESSIONS 900099 22582 22582 22582 3775598 2931322 575928 0 9000 9000 0 0 639933 500088 139845 0 149892 117139 32753 0 83044 64897 18147 0 0 0 33282 33282 0 0 0 392724 392724 77078 77078 17569 17569 0 0 61790 40243 21547 88982 88982 0 0 0 0 14033 14033 14592 14592 HOTEL AND FOOD 370478 370478 STUDENT HOUSING & DINING 267897 267897 FACULTY AND STAFF HONORARIUM 197350 197350 POSTAGE 117911 117911 219596 160638 58958 2755151 2029270 725881 0 47691 72879 67537 66681 19200 64187 0 0 0 0 0 0 0 0 0 0 53532 102424 178857 91708 101182 87149 4909579 5826920 0 0 0 0 0 0 489829 457873 5688550 6678113 627142 580789 14000 19000 77320 119745 0 0 0 0 0 0 0 0 0 0 489829 457873 1208291 1177407 X 4359303 5310113 120956 190593 4480259 5500706 5688550 6678113 1020447 X false true X true false X 31137 194803 52524 84473 268348 631285 861008 745615 1438408 2447393 2908740 8401164 0 0 0 892145 940418 1490932 2531866 3177088 9032449 1000 1000 1050 1000 123520 127570 0 1000 1000 1050 1000 123520 127570 8904879 45670 35731 103577 145776 114936 445690 0 45670 35731 103577 145776 114936 445690 0 22956 40916 51797 159549 22582 297800 960771 1017065 1646306 2837191 3314606 9775939 0.91090 0.89336 0.04559 0.05824 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65901 2251 68152 59734 6167 65901 59049 1185 500 59734 58854 695 500 59049 58203 1151 500 58854 0.73370 0.26630 false false 9835 8222 1613 169022 83486 85536 87149 RIGHT-OF-USE ASSET 457873 457873 0 LEASE LIABILITY 457873 457873 X 3775598 3775598 3775598 2755151 2755151 2755151 FIN 48 (ASC 740) SCHEDULE D, PART X, LINE 2: The Foundation is exempt from federal income taxes under Section 501(c)(3) of the internal revenue code (the "code"), except to the extent it has unrelated business income. In addition, the Foundation has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. For the years ended September 30,2025 and 2024, the Foundation had no material unrelated business income. Accordingly, no provision for income tax has been provided in the accompanying financial statements. Tax positions taken by the Foundation have been reviewed, and management is of the opinion that material positions taken by the Foundation would most likely be sustained upon examination and no adjustment to, or disclosure in, the financial statements is required. A reconciliation is not provided herein, as the beginning and ending amounts unrecognized benefits are zero, with no interim additions, reductions, or settlements. The Foundation is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The Foundation recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. The Foundation's informational returns filed are generally subject to examination for three years after the later of the due date or date of filing. INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4: THE ASSETS OF THE ENDOWMENT ARE INVESTED IN A CERTIFICATE OF DEPOSIT WITH THE OBJECTIVE TO ACHIEVE A LONG-TERM REAL RETURN TO PROVIDE A STABLE SOURCE OF SUPPORT FOR THE FINANCIAL NEEDS OF THE FOUNDATION. INVESTMENT EARNINGS ARE DESIGNATED FOR DISTRIBUTION NEEDS INCLUDING SCHOLARSHIPS AND REINVESTMENT FOR FUTURE EARNINGS. true SCHOLARSHIPS 7 9000 N/A n/a monitoring use of grant funds SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AWARDED ARE APPLIED DIRECTLY TO THE RECIPIENTS' TUITION BILL OR REFUNDED TO ANY SPONSORING FINANCIAL INSTITUTION. IF A RECIPIENT RECEIVES OTHER FINANCIAL AID IN ADDITION TO ANY SWGSB SCHOLARSHIP, THE SWGSB SCHOLARSHIP WILL COMPLEMENT THE OTHER FINANCIAL AID UP TO, BUT NOT EXCEEDING, THE FULL TUITION AMOUNT. X X X X false false false false false false false false false WILLIAM T CHITTENDEN PHD PRESIDENT & CEO 249909 35000 26523 34969 346401 David Davis Chief Operating Officer 137641 65000 15491 11100 229232 FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION'S FORM 990 IS REVIEWED BY THE PRESIDENT AND THEN PRESENTED TO THE CHAIRMAN AND VICE-CHAIRMAN FOR DISCUSSION. THE FORM 990 IS ALSO CIRCULATED TO THE BOARD OF TRUSTEES BEFORE FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: THE FOUNDATION BOARD MEMBERS REVIEW THEIR PERSONAL CONFLICT Of INTEREST STATEMENTS ANNUALLY. THE BOARD'S EXECUTIVE COMMITTEE REVIEWS ALL CONFLICT OF INTEREST STATEMENTS AT LEAST ANNUALLY. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. PROCESS OF DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE PROCESS FOR DETERMINING THE PRESIDENT'S COMPENSATION INCLUDES REVIEW AND APPROVAL BY THE GOVERNING BODY AND USE OF COMPARABLE DATA. THE ORGANIZATION ALSO DOCUMENTS THE DELIBERATIONS AND DECISIONS MADE. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES WHO RECEIVE COMPENSATION. THEREFORE, QUESTION 15B IS ANSWERED "NO". OFFICER'S COMPENSATION FORM 990, PART VII, section a: AN AGREEMENT EXISTS FOR THE PRESIDENT'S COMPENSATION FOR HIS SERVICES PROVIDED TO BOTH THE SWGSB FOUNDATION AND SOUTHERN METHODIST UNIVERSITY (SMU), AN UNRELATED ENTITY. THE AGREEMENT PROVIDES THAT SMU PAYS THE PRESIDENT'S SALARY AND ISSUES HIS W-2, AND ON AN ANNUAL BASIS, THE FOUNDATION WILL REIMBURSE SMU FOR ITS SHARE OF COMPENSATION BASED ON THIS AGREEMENT. THE COMPENSATION REPORTED REPRESENTS THE REIMBUREMENT THE FOUNDATION PAID TO SMU FOR THE PRESIDENT'S SERVICES TO THE FOUNDATION. NUMBER OF EMPLOYEES FORM 990, PART V, LINE 2A: PER THE FORM 990 INSTRUCTIONS, THE ORGANIZATION IS REPORTING THE NUMBER OF EMPLOYEES REPORTED ON FORM W-3 FILED BY SOUTHERN METHODIST UNIVERSITY (EIN: 75-0800689), WHOSE FOUR EMPLOYEES ARE WORKING FOR THE FOUNDATION BUT RECEIVE W-2S FROM SOUTHERN METHODIST UNIVERSITY. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:392724