2015-02-03T12:57:08-08:00 2014-06-30 TED SOILEAU CPA LLC 2133 Silverside Dr Ste C Baton Rouge LA 70808 990 2013-07-01 720019332 TSBS INC TSBS 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 Don Woodland Executive Director 2015-02-03 true TED A SOILEAU P00852991 2257667910 X 2013 2016-02-25 16:41:14Z 5645467 false 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 2 14 0 0 1963580 2125102 727969 808075 42176 44414 2733725 2977591 0 0 693092 719313 0 0 1274741 1336551 1967833 2055864 765892 921727 9852172 11471295 841634 764085 9010538 10707210 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 1370686 2977591 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. 1370686 true false false false false false false false false false true true false false true 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 false false false false false false false false true 79 0 true 14 true false false false false false false false false 0 false false false false false false false false false false X 6 2 false false false false true true false true true false false true true true true true true true true false X DON WOODLAND 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 McKinley Deaver VICE CHAIRMAN 1.00 0.00 X 0 0 0 H Watts Steger PRESIDENT ELECT 1.00 0.00 X 16354 0 0 John Jordan President & CEO 4.00 0.00 X 19730 0 0 Bradley Barrett Chairman 1.00 0.00 X 0 0 0 Don L Woodland EVP & Director 40.00 0.00 X 300875 0 31653 JOHN T WOMACK PAST PRESIDENT & CEO 1.00 0.00 X 7213 0 0 344172 31653 1 true true false CHARTWELLS PO BOX 21773 BATON ROUGE LA 70894 FOOD SERVICE 175792 LOUISIANA STATE UNIVERSITY DEPT OF RESIDENTIA GRACE KING HALL BATON ROUGE LA 70808 HOUSING FOR STUDENTS 383933 LSU ALUMNI ASSOCIATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 FACULTY HOUSING/FOOD 41284 2 0 TUITION AND FEES 611430 2124605 2124605 WEBINARS & BOOK SALES 611430 497 497 2125102 177394 177394 0 0 0 3298557 2667876 630681 630681 630681 0 0 0 MISCELLANEOUS 611430 2193 2193 OTHER INCOME 611430 33477 33477 REIMBURSEMENTS 611430 8744 8744 44414 2977591 2169516 808075 X 0 0 0 0 362422 362422 0 227029 227029 31475 31475 68697 68697 29690 29690 0 0 18651 18651 0 0 65492 65492 15690 15690 27018 27018 25674 25674 0 0 0 29235 29235 0 0 0 0 30415 30415 36499 36499 FACULTY & STUDENT HOUSING 404036 404036 Food Service Students 175792 175792 FACULTY HONORARIA 140134 140134 MEETINGS 80015 80015 287900 179052 108848 2055864 1370686 685178 0 133365 235724 0 0 179293 153988 0 0 0 0 16376 12662 946342 151297 813975 795045 7726630 9162002 980552 1109893 0 0 1981 1981 9852172 11471295 61972 13091 779662 750994 841634 764085 X 8939534 10628880 71004 78330 9010538 10707210 9852172 11471295 921727 774945 X false true X true false X 344195 344195 446490 54374 392116 61713 36314 25399 93944 60609 33335 795045 1109893 Deferred Tuition Income 46250 Defined Benefit Plan 704744 750994 X 3631616 774945 774945 2856671 65492 55428 120920 2977591 1934944 1934944 65492 55428 120920 2055864 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 (previously 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, 2009. 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 postions 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 have determined that any material uncertain tax positions that are presented to the Officers will be recognized and measured using a" more-likely-than-not ", (MLTN) threshold. The MLTN threshold means that;1. 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 % 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 postions must be reassessed, and the Officers must determine whether;1. 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 June 30, 2014, no uncertain tax positions were determined to exist. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S TUITION REFUNDS $22970 RABBI TRUST DEFERRAL ADJ $32458 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S TUITION REFUNDS $22970 RABBI TRUST DEFERRAL ADJ $32458 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 true X X X X false false false false false false false false false false Don L Woodland EVP & Director 300875 14750 16903 332528 -32633 JOHN T WOMACK PAST PRESIDENT & CEO 7213 7213 Part I, Line 1a: Relevant information in regards to selections on 1a. SPOUSAL TRAVEL COSTS ARE REPORTED AS COMPENSATION TO THE IDENTIFIED OFFICER/EMPLOYEES INVOLVED WITH THE TRANSACTION. A 1099-MISC IS FILED FOR EACH OFFICER/EMPLOYEE FOR SPOUSAL TRAVEL. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder TSBS, INC. IS COMPRISED OF THE PARTICIPATING STATE BANKER ASSOCIATIONS THAT PARTICIPATE IN THE FOUNDATION. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD OF DIRECTORS MEET BI-ANNUALLY TO ADDRESS POLICY ISSUES, CRICULLUM 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. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AS CLEARLY INDICATED IN THE EXECUTIVE BOARD AND FULL BOARD MEETING MINUTES, ALL FINANCIAL REPORTING IS PROVIDED TO ALL PARTIES ALONG WITH A COPY OF THE AUDITORS ANNUAL REPORT. 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 IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses BANK CHARGES: Column (A) - Total = $1388; Column (B) - Program Services = $0; Column (C) - Management & General = $1388; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Faculty Meals & Enter: Column (A) - Total = $66950; Column (B) - Program Services = $66950; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses GIFTS & AWARDS: Column (A) - Total = $8233; Column (B) - Program Services = $0; Column (C) - Management & General = $8233; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses HOME STUDY PROBLEMS: Column (A) - Total = $47757; Column (B) - Program Services = $47757; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MAINTENANCE: Column (A) - Total = $34767; Column (B) - Program Services = $0; Column (C) - Management & General = $34767; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MISCELLANEOUS: Column (A) - Total = $3685; Column (B) - Program Services = $0; Column (C) - Management & General = $3685; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OTHER PROGRAM EXPENSES: Column (A) - Total = $527; Column (B) - Program Services = $527; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $18474; Column (B) - Program Services = $0; Column (C) - Management & General = $18474; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SESSIONS RENTALS: Column (A) - Total = $53272; Column (B) - Program Services = $53272; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Student Supplies: Column (A) - Total = $10546; Column (B) - Program Services = $10546; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses TUITION REFUNDS: Column (A) - Total = $22970; Column (B) - Program Services = $0; Column (C) - Management & General = $22970; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses UTILITIES: Column (A) - Total = $19331; Column (B) - Program Services = $0; Column (C) - Management & General = $19331; Column (D) - Fundraising = $0 PART IX, LINE 24 e, All Other Expenses SEE THE ATTACHED SCHEDULE THAT DETAILS THE LINE 24 e, All Other Expenses that total $ 287,900.