Nonprofit · EIN 23-7091275
SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,775,598 | $2,755,151 | $1,020,447 | $6,678,113 | $1,177,407 | $5,500,706 |
| September 30, 2024 | 990 | $3,442,778 | $2,401,113 | $1,041,665 | $5,688,550 | $1,208,291 | $4,480,259 |
| September 30, 2023 | 990 | $1,738,355 | $1,356,196 | $382,159 | $4,937,692 | $1,499,098 | $3,438,594 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $268,348
- Program service revenue
- $2,908,740
- Investment income
- $567,778
- Net rental income
- $8,150
- Net gain from sales of assets
- $452,842
- Other revenue
- $30,732
Expenses
- Grants and similar amounts paid
- $9,000
- Compensation of officers, directors and key employees
- $639,933
- Other salaries and wages
- $149,892
- Salaries, compensation and benefits (total)
- $872,869
- Professional fundraising fees
- $0
- Accounting fees
- $33,282
- Occupancy
- $61,790
- Travel
- $88,982
- Depreciation
- $14,033
- Program services (functional)
- $2,029,270
- Management and general (functional)
- $725,881
Balance sheet and other
- Total assets, start of year
- $5,688,550
- Total assets, end of year
- $6,678,113
- Total liabilities, end of year
- $1,177,407
- Net assets, end of year
- $5,500,706
- Land, buildings and equipment
- $87,149
- Publicly traded securities
- $5,826,920
- Net assets without donor restrictions
- $5,310,113
- Net assets with donor restrictions
- $190,593
- Gross receipts
- $10,298,488
- Employees
- 4
- Volunteers
- 18
- Year formed
- 1957
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM T CHITTENDEN PHD | PRESIDENT & CEO Trustee or director, Officer | 40 | $284,909 | $61,492 |
| David Davis | Chief Operating Officer Officer | 40 | $202,641 | $26,591 |
| SETH BENNETT | IT MANAGER Highest-paid employee | 40 | $105,522 | $19,461 |
| J CRAIG BUFORD | trustee Trustee or director | 2 | $0 | $0 |
| VICTOR PIERSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| Jill Castilla | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Gary Hudson | VICE Chair Trustee or director, Officer | 2 | $0 | $0 |
| Matthew B Myers PhD | trustee Trustee or director | 2 | $0 | $0 |
| Brad Cheves | trustee Trustee or director | 2 | $0 | $0 |
| R Scott heitkamp | TRUSTEE Trustee or director | 2 | $0 | $0 |
| darla r rooke | trustee Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER J FURLOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT L CLARKE | trustee Trustee or director | 2 | $0 | $0 |
| charles g cooper | trustee Trustee or director | 2 | $0 | $0 |
| david l kemp | trustee Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| jelena mcwilliams | trustee Trustee or director | 2 | $0 |
| christopher l williston vi | trustee Trustee or director | 2 | $0 |
| Mr F Scott Dueser | trustee Trustee or director | 2 | $0 |
| Mr William R Jenkins III | trustee Trustee or director | 2 | $0 |
| Ms Susannah T Marshall | trustee Trustee or director | 2 | $0 |
| SANFORD M BROWN | TRUSTEE Trustee or director | 2 | $0 |
| GREG MASSEY | TRUSTEE Trustee or director | 2 | $0 |
| TODD MILBOURN PHD | TRUSTEE Trustee or director | 2 | $0 |
| JANET ANN MILLS | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| jeffrey r schmid | PRESIDENT & CEO Trustee or director, Officer | 40 | $239,172 | $39,401 |
| David Davis | Chief Operating Officer Officer | 40 | $195,400 | $33,696 |
| J CRAIG BUFORD | trustee Trustee or director | 2 | $0 | $0 |
| VICTOR PIERSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| Jill Castilla | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Gary Hudson | Vice-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Matthew B Myers PhD | trustee Trustee or director | 2 | $0 | $0 |
| Brad Cheves | trustee Trustee or director | 2 | $0 | $0 |
| R Scott heitkamp | trustee Trustee or director | 2 | $0 | $0 |
| darla r rooke | trustee Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER J FURLOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT L CLARKE | trustee Trustee or director | 2 | $0 | $0 |
| charles g cooper | trustee Trustee or director | 2 | $0 | $0 |
| david l kemp | trustee Trustee or director | 2 | $0 | $0 |
| jelena mcwilliams | trustee Trustee or director | 2 | $0 | $0 |
| christopher l williston vi | trustee Trustee or director | 2 | $0 | $0 |
| Mr F Scott Dueser | trustee Trustee or director | 2 | $0 | $0 |
| Mr William R Jenkins III | trustee Trustee or director | 2 | $0 | $0 |
| Ms Susannah T Marshall | trustee Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| jeffrey r schmid | PRESIDENT & CEO (09/21-08/23) Trustee or director, Officer | 20 | $100,000 | $28,250 |
| S SCOTT MACDONALD phd | PRESIDENT/ CEO (9/21-4/22) Former | 20 | $45,635 | $13,691 |
| J CRAIG BUFORD | trustee Trustee or director | 2 | $0 | $0 |
| VICTOR PIERSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CURTIS J DAVIDSON | trustee Trustee or director | 2 | $0 | $0 |
| Kenneth L Burgess | Trustee Trustee or director | 2 | $0 | $0 |
| Jill Castilla | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Gary Hudson | trustee Trustee or director | 2 | $0 | $0 |
| Matthew B Myers PhD | trustee Trustee or director | 2 | $0 | $0 |
| J Rogers Pope | trustee Trustee or director | 2 | $0 | $0 |
| Brad Cheves | trustee Trustee or director | 2 | $0 | $0 |
| R Scott heitkamp | trustee Trustee or director | 2 | $0 | $0 |
| darla r rooke | trustee Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER J FURLOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| Stephen Y Scurlock | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT L CLARKE | COUNSEL Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 214, DALLAS, TX 75219-0214
- In care of
- % JILL CASTILLA
- Principal officer (990 for 2024)
- JILL CASTILLA, PO BOX 214 SMU, DALLAS, TX 75275
- Signed the 990
- JILL CASTILLA, Chairman
- Phone
- (214) 768-2990
- Website
- WWW.SWGSB.ORG
- Return prepared by
- BRUCE E BERNSTIEN & ASSOCIATES
Mission
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.
Program accomplishments
- 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.Expenses $2,029,270 · grants $9,000 · revenue $2,931,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7091275
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B5XI)
- Assets (IRS master file)
- $6,678,113
- Income (IRS master file)
- $10,298,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $3,775,598 | $2,755,151 | $6,678,113 | XML |
| 990 | September 2024 | $3,442,778 | $2,401,113 | $5,688,550 | XML |
| 990 | September 2023 | $1,738,355 | $1,356,196 | $4,937,692 | XML |
| 990 | September 2022 | $708,611 | $1,486,728 | $4,148,993 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7091275).
Questions about SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION
- What is the EIN of SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION?
- The employer identification number (EIN) of SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION is 23-7091275.
- Is SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION?
- The 990 for the year ended September 30, 2025 names JILL CASTILLA.
- Who are the officers and directors of SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 24 people; 3 received compensation from the organization, the highest $284,909 (WILLIAM T CHITTENDEN PHD, PRESIDENT & CEO).
- How much revenue does SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,775,598, expenses of $2,755,151 and total assets of $6,678,113 at year end.
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