Herbert V Prochnow Educational Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391466758 ✦ Madison, WI ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Herbert V Prochnow Educational Foundation Inc?

Herbert V Prochnow Educational Foundation Inc, based in Madison, Wisconsin, is a nonprofit organization with a focus on supporting research in banking and education. They achieve this by funding, marketing, and implementing various programs and activities that align with the mission of the Graduate School of Banking, Inc. This year, they awarded 108 scholarships to students at the Banking School and 12 scholarships to those attending the Human Resources School. The foundation's main objective is to enhance the banking industry by fostering education and research in this field.


Official website here: www.gsb.org

Is Herbert V Prochnow Educational Foundation Inc legitimate?

Herbert V Prochnow Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herbert V Prochnow Educational Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gsb.org

What is the mission statement of Herbert V Prochnow Educational Foundation Inc?

The Herbert V. Prochnow Educational Foundation Inc. is committed to initiating, funding, marketing, and implementing programs and activities that align with the mission of the Graduate School of Banking, Inc. In simpler terms, the foundation aims to support the objectives of the Graduate School of Banking by launching relevant initiatives, providing financial backing, promoting these programs, and overseeing their execution. The foundation also invests in research related to banking and education and sponsors various educational programs, benefiting the banking industry. This year, the foundation awarded a total of 120 scholarships to students at the Banking School and 12 at the Human Resources School.


Official website here: www.gsb.org

Who is the CEO of Herbert V Prochnow Educational Foundation Inc?

Kirby Davidson is the President/Ceo of Herbert V Prochnow Educational Foundation Inc. The CEO's salary of Herbert V Prochnow Educational Foundation Inc is $27,965 and their total compensation is $330,770.


Official website here: www.gsb.org

What is the revenue of Herbert V Prochnow Educational Foundation Inc?

Herbert V Prochnow Educational Foundation Inc's revenue in 2022 was $657,763.


Official website here: www.gsb.org

Who are the executives of Herbert V Prochnow Educational Foundation Inc and what are their salaries?

There 19 volunteers at Herbert V Prochnow Educational Foundation Inc.


Here are 24 key members and their salaries (Herbert V Prochnow Educational Foundation Inc's CEO's salary is $27,965 and their total compensation is $330,770):


Kirby Davidson (President/Ceo)
  • Compensation: $27,965
  • Related: $251,684
  • Other: $51,121
Doug Wareham (Immediate Past Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorrie Trogden (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Hultgren (Vice Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Adelman (Treasurer Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Beverage (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Van Til (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ballard W Cassady Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Johnson (Trustee (Start 08/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Schwartz (Trustee (Term 08/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenifer Waller (Trustee (Start 11/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Witt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John K Sorenson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Adam (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Cook (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wear (Trustee (Start 01/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Baier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Clayburgh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Oswald Poels (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Black (Trustee (Start 08/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
T Rann Paynter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vallabh Sambamurthy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don A Childears (Trustee (Term 11/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Kessler (Trustee (Term 01/2022))
  • Compensation: $0
  • Related: $10,900
  • Other: $0


Official website here: www.gsb.org

Where can I find the form 990 for Herbert V Prochnow Educational Foundation Inc?

Herbert V Prochnow Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gsb.org

Learn more at the official website: www.gsb.org

Mission Statement of Herbert V Prochnow Educational Foundation Inc

The Herbert V. Prochnow Educational Foundation Inc is dedicated to initiating, funding, marketing, and implementing programs and activities that align with the mission of the Graduate School of Banking, Inc. In simpler terms, this nonprofit organization supports research in banking and education, and sponsors various educational programs intended to benefit the banking industry. This year, the foundation provided 108 scholarships to students at the Banking School and 12 scholarships to students at the Human Resources School, demonstrating its commitment to furthering education within these fields.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Herbert V Prochnow Educational Foundation Inc significantly enhances the banking industry by supporting research and educational initiatives that foster professional development within the sector. By sponsoring various educational programs, the foundation enables banking professionals to expand their expertise and skills.

In the past year, the foundation provided 108 scholarships for the Banking School and 12 for the Human Resources School, directly impacting the quality of education accessible to aspiring and current banking professionals. These scholarships not only alleviate financial barriers for participants but also contribute to building a more knowledgeable and capable workforce in banking. As a result, the foundation plays a pivotal role in promoting excellence in banking education, ultimately benefiting the industry as a whole.




This information is meant to be a general summary of Herbert V Prochnow Educational Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$657,763 (2022)
Expenses
$290,367 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $654,754
  • Gross Receipts: $3,082,851

Assets and Liabilities:

  • Total Assets: $8,682,125
  • Total Liabilities: $0
  • Net Assets: $8,682,125

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Founding Year

1983

Principal Officer

Kirby Davidson

Main Address

4721 S BILTMORE LANE, MADISON, WI, 53718

NTEE Category

Code: B82 - Education

If you are a representative of Herbert V Prochnow Educational Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.