2025-12-23T09:49:45-08:00 2025-08-31 451621265 TED SOILEAU CPA LLC 429 GOVERNMENT ST FL 2 BATON ROUGE LA 70802 990 2024-09-01 834057982 THE WOODLAND FOUNDATION WOOD 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 JOHN NAUGHTON Executive Director 2025-12-23 true true Ted A Soileau P00852991 2257667910 2024 2025-03-06 01:10:19Z JOHN NAUGHTON 7461096 false X N/A X 2019 LA The Foundation is organized solely and exclusively to support an advanced school of banking known as, TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operation of an advanced school of banking known as TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation. 6 6 0 7 0 0 0 136138 869850 0 136138 869850 0 0 0 0 0 312977 319369 312977 319369 -176839 550481 10561214 11428889 0 10561214 11428889 The Foundation is organized solely and exclusively to support an advanced school of banking known as, TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operation of an advanced school of banking known as TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation. false false 250000 869850 The Foundation is organized solely and exclusively to support TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operations of TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation. 250000 true false false false false false false false false false false true false false false true true false false 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 true true false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 6 6 false false false false false true false true true false false true true false true false false false false false X JOHN NAUGHTON 2257668595 4273 HIGHLAND RD BATON ROUGE LA 70808 X JOHN NAUGHTON EXECUTIVE DIRECTOR 1.00 40.00 0 220146 53615 SHERRI SACKETT President 0.00 5.00 X 0 0 0 SCOTT COCANOUGHER President 0.00 5.00 X 0 0 0 KATHY KRANINGER Chairman 0.00 5.00 X 0 0 0 GINGER LAURENT Chairman 0.00 5.00 X 0 0 0 STEPHEN DAVID President 0.00 5.00 X 0 0 0 FRED GREEN Chairman 0.00 5.00 X 0 0 0 RYAN EARNEST Vice President 0.00 5.00 X 0 0 0 220146 53615 0 false true false 0 0 0 271799 271799 0 0 0 7189297 6591246 598051 598051 598051 0 0 0 0 869850 598051 271799 0 0 0 0 0 0 0 0 0 0 0 0 7119 7119 0 0 62242 62242 0 0 8 8 0 0 0 0 0 0 0 0 0 0 TSBS SESSION EXPENSES 250000 250000 0 319369 250000 69369 0 5152 8024 0 0 0 0 0 0 0 0 0 9514422 10484063 1041640 936801 0 0 1 10561214 11428889 0 0 X 10561214 11428889 10561214 11428889 10561214 11428889 550481 317194 X false true X true false X X 1 TSBS INC 720019332 2 true 249999 0 1 249999 0 true false false false false false false false false false false false false false false true false 936801 X 1124802 317194 317194 807608 62242 62242 869850 257127 257127 62242 62242 319369 Part X : FIN48 Footnote ACCOUNTING FOR THE UNCERTAINTY OF TAX POSITIONS CAN IMPACT THE FINANCIAL STATEMENTS. EVEN THOUGH THE FOUNDATION IS EXEMPT FROM INCOME TAXES, THE FOUNDATION MUST STILL CONSIDER WHETHER ITS EXEMPT INCOME AND OTHER ACTIVITIES OF THE FOUNDATION MIGHT BE DETERMINED TO BE UNRELATED BUSINESS INCOME, AND WHETHER THE FOUNDATION 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, 2020. 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 PRECENT 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 FOUNDATION WILL BE REQUIRED TO ACCRUE INTEREST AND PENALTIES THAT, UNDER PRESENT TAX LAW, THE FOUNDATION WOULD INCUR IF THE UNCERTAIN TAX POSITION ULTIMATELY WERE NOT SUSTAINED. FOR THE YEAR ENDING AUGUST 31, 2025, NO UNCERTAIN TAX POSITIONS WERE DETERMINED TO EXIST. false false false false false false false false false JOHN NAUGHTON EXECUTIVE DIRECTOR 220146 12900 40715 273761 Form 990, Part VI, Section B, Line 11b THE BOARD HAS ELECTED TO RETAIN A LICENSED CERTIFIED PUBLIC ACCOUNTING FIRM TO PREPARE THE IRS FORM 990. THE EXECUTIVE DIRECTOR HAS REVIEWED THE IRS 990 AND HAS APPROVED THE SUBMISSION AND SIGNING OF THE RETURN. Form 990, Part VI, Section B, Line 12c 1. Duty to Disclose In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. Procedures for Addressing the Conflict of Interest D.An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. E.The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. F.After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. G.If a more advantageous transaction or arrangement isn't reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section C, Line 19 UPON REQUEST THE ORIGINAL IRS FORM 1023 APPLICATION AND TAX EXEMPT DETERMINATION LETTER ALONG WITH ALL FINANCIAL DOCUMENTS FOR THE YEAR IN QUESTION WILL BE PROVIDED FOR EXAMINATION TO ALL INTERESTED PARTIES. PART IV, LINE 34, 35a & 35b OUT OF AN ABUNDANCE OF CAUTION, THIS ENTITY HAS BEEN CREATED TO, The Foundation is organized solely and exclusively to support an advanced school of banking known as, TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions. The Foundation's purpose is to accept donations and to hold and invest funds to support operation of an advanced school of banking known as TSBS, Inc., FID 72-0019332, and for other educational and professional purposes not inconsistent with the Foundation's status as a nonprofit Foundation under Section 501 c 3 of the Internal Revenue Code or its successor provisions and as more fully set forth in the Articles of Incorporation. ACCORDINGLY, THIS ENTITY WILL SERVE AS A SUPPORTING ORGANIZATION TO TSBS, INC., FID 72-0019332. THE DISCLOSURE OF THE TRANSACTIONS ON SCHEDULE R IS NECESSARY TO COMPLY WITH ALL PERTINENT DISCLOSURE REQUIREMENTS, AS MANDATED BY THE INSTRUCTIONS TO THE IRS FORM 990. PART VII, SECTION A, LINE 1a TAX SOFTWARE HAS LIMITATIONS ON TITLE/POSITION FOR OFFICER'S. WE ARE USING SCHEDULE O TO PROVIDE THE ACTUAL TITLES TO THESE OFFICERS. CHAIRMAN - Mr. Ginger Laurent, PRESIDENT - Ms. Sherri Sackett, EXECUTIVE DIRECTOR - John W. Naughton, CHAIRMAN ELECT - Mr. Gordon Fellows, PRESIDENT ELECT - Mr. Scott Cocanougher, PAST CHAIRMAN - Mr. Fred Green, VICE CHAIRMAN - Ms. Kathy Kraninger, VICE PRESIDENT - Mr. Ryan Earnest, and PAST PRESIDENT - Mr. Stephen David. TSBS INC 4273 HIGHLAND ROAD BATON ROUGE LA 70808 720019332 EDUCATION INSTITUTION LA 501 C3 YES YES true false false false false false false false false false false false false false false false false false false false