Nonprofit · EIN 72-0019332
TSBS INC
Also known as GRADUATE SCHOOL OF BANKING AT LSU
Tax-exempt · BATON ROUGE, LA 70808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,917,097 | $2,578,534 | $338,563 | $6,605,189 | $32,597 | $6,572,592 |
| August 31, 2024 | 990 | $2,453,515 | $2,368,212 | $85,303 | $6,193,102 | $38,567 | $6,154,535 |
| August 31, 2023 | 990 | $2,456,850 | $2,167,630 | $289,220 | $6,627,545 | $61,975 | $6,565,570 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,514,253
- Investment income
- $384,519
- Net gain from sales of assets
- $222,147
- Other revenue
- $18,325
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $320,145
- Other salaries and wages
- $491,299
- Salaries, compensation and benefits (total)
- $1,034,923
- Professional fundraising fees
- $0
- Legal fees
- $7,272
- Accounting fees
- $16,098
- Occupancy
- $17,942
- Travel
- $204,200
- Depreciation
- $20,359
- Program services (functional)
- $1,661,103
- Management and general (functional)
- $917,431
Balance sheet and other
- Total assets, start of year
- $6,193,102
- Total assets, end of year
- $6,605,189
- Total liabilities, end of year
- $32,597
- Net assets, end of year
- $6,572,592
- Land, buildings and equipment
- $1,636,113
- Publicly traded securities
- $3,955,283
- Net assets without donor restrictions
- $6,572,592
- Gross receipts
- $5,359,781
- Employees
- 13
- Volunteers
- 6
- Year formed
- 1981
- State of legal domicile
- LA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN NAUGHTON | EXECUTIVE DIRECTOR | 40 | $220,146 | $53,615 |
| Stephen David | President Officer | 5 | $20,500 | $0 |
| Ginger Laurent | Chairman Officer | 5 | $0 | $0 |
| Sherri Sackett | President Officer | 5 | $0 | $0 |
| Gordon Fellows | Chairman Officer | 5 | $0 | $0 |
| Scott Cocanougher | President Officer | 5 | $0 | $0 |
| Fred Green | Chairman Officer | 5 | $0 | $0 |
| Kathy Kraninger | Chairman Officer | 5 | $0 | $0 |
| Ryan Earnest | Vice President Officer | 5 | $0 | $0 |
990 for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN NAUGHTON | EXECUTIVE DIRECTOR | 40 | $249,625 | $48,419 |
| STEPHEN DAVID | President Officer | 5 | $17,500 | $0 |
| Michael Allen | President Officer | 5 | $15,000 | $0 |
| Joseph D Hudgins | President Officer | 5 | $12,500 | $0 |
| Scott E Latham | Chairman Officer | 1 | $0 | $0 |
| Colin Barrett | Chairman Officer | 1 | $0 | $0 |
| FRED GREEN | Chairman Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN NAUGHTON | EXECUTIVE DIRECTOR | 40 | $248,292 | $37,519 |
| Joseph D Hudgins | President Officer | 5 | $5,500 | $0 |
| STEPHEN DAVID | President Officer | 0 | $5,500 | $0 |
| Michael Allen | President Officer | 5 | $5,000 | $0 |
| Scott E Latham | Chairman Officer | 1 | $0 | $0 |
| Colin Barrett | Chairman Officer | 1 | $0 | $0 |
| FRED GREEN | Chairman Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4273 HIGHLAND RD, BATON ROUGE, LA 70808-4541
- In care of
- % JOHN H JORDAN
- Principal officer (990 for 2024)
- JOHN NAUGHTON
- Signed the 990
- JOHN NAUGHTON, Executive Director
- Phone
- (225) 766-8595
- Website
- gsblsu.org
- Return prepared by
- TED SOILEAU CPA LLC
Mission
TSBS IS AN EDUCATIONAL INSTITUTION FOR THE BANKING INDUSTRY PROVIDING CLASSROOM TRAINING TO BANKING INDUSTRY PERSONNEL IN A WIDE VARIETY OF FINANCIAL RELATED MATTERS.
Program accomplishments
- 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.Expenses $1,661,103 · revenue $2,917,103
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 72-0019332
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B51Z)
- Assets (IRS master file)
- $6,605,189
- Income (IRS master file)
- $5,359,781
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,917,097 | $2,578,534 | $6,605,189 | XML |
| 990 | August 2024 | $2,453,515 | $2,368,212 | $6,193,102 | XML |
| 990 | August 2023 | $2,456,850 | $2,167,630 | $6,627,545 | XML |
| 990 | August 2022 | $49,051 | $354,340 | $7,541,535 | IRS |
| 990 | June 2022 | $2,757,747 | $2,190,243 | $7,766,024 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 72-0019332).
Questions about TSBS INC
- What is the EIN of TSBS INC?
- The employer identification number (EIN) of TSBS INC is 72-0019332.
- Is TSBS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to TSBS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TSBS INC 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 TSBS INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TSBS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of TSBS INC?
- The 990 for the year ended August 31, 2025 names JOHN NAUGHTON.
- Who are the officers and directors of TSBS INC?
- The 990 for the year ended August 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $220,146 (JOHN NAUGHTON, EXECUTIVE DIRECTOR).
- How much revenue does TSBS INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,917,097, expenses of $2,578,534 and total assets of $6,605,189 at year end.
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