Overview
What is Paul W Barret Jr School Of Banking?
The Paul W. Barret Jr. School of Banking is a nonprofit institution situated in Memphis, Tennessee (38104). Governed by a board of regulators comprising executives from banks and financial services firms, its primary mission is to offer an educational experience tailored for career-focused individuals within the commercial banking sector or related industries. The school's objective is to provide professional development opportunities, aiming to enhance the banking community's skills and knowledge. With a small team of 3 dedicated individuals, the Paul W. Barret Jr. School of Banking serves as a hub for continuing education and growth within the banking sector.
Official website here: www.barret.ws
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Paul W Barret Jr School Of Banking has a relatively low rating, indicating some concerns regarding its overall accountability and financial practices. While the organization has a strong board composition with 93% independent members and maintains good audit oversight, there are significant deficiencies in its policy documentation.
The nonprofit scored well in areas such as material diversion of assets and the liabilities to assets ratio, demonstrating sound financial management in those respects. However, the lack of essential policies, including a conflict of interest policy and whistleblower policy, raises concerns about governance standards. Additionally, the absence of tax forms on its website could hinder transparency and accessibility of information for stakeholders.
The program expense ratio is moderate at 61.40%, suggesting that while the organization allocates a decent portion of its budget towards its programs, there is room for improvement. Overall, while the Paul W Barret Jr School Of Banking shows strengths in board independence and financial oversight, it needs to address its policy gaps to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Paul W Barret Jr School Of Banking legitimate?
Paul W Barret Jr School Of Banking is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paul W Barret Jr School Of Banking 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: $431,134
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.barret.ws
What is the mission statement of Paul W Barret Jr School Of Banking?
The Paul W. Barret Jr. School of Banking is a non-profit, independent institution established by executives from the financial services sector. Its mission, overseen by a board of regents, is to offer an educational experience tailored for career-focused individuals in commercial banking or related financial industries. The school's primary objective is to provide professional development opportunities, aiming to equip these individuals with the necessary skills to excel in their respective fields.
Official website here: www.barret.ws
Who is the CEO of Paul W Barret Jr School Of Banking?
Christopher M Kelley is the Executive Director of Paul W Barret Jr School Of Banking.
Official website here: www.barret.ws
What is the revenue of Paul W Barret Jr School Of Banking?
Paul W Barret Jr School Of Banking's revenue in 2022 was $1,218,799.
Official website here: www.barret.ws
Who are the executives of Paul W Barret Jr School Of Banking and what are their salaries?
The average compensation at Paul W Barret Jr School Of Banking during 2022 was $143,711. There are 3 employees and 39 volunteers at Paul W Barret Jr School Of Banking.
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Official website here: www.barret.ws
Where can I find the form 990 for Paul W Barret Jr School Of Banking?
Paul W Barret Jr School Of Banking's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.barret.ws
Learn more at the official website: www.barret.ws
Mission Statement of Paul W Barret Jr School Of Banking
The Paul W. Barret Jr. School of Banking is a non-profit institution, established and governed by a board of executives from banks and financial services firms. Its primary mission, in the third person, is to offer a transformative learning experience for career-driven individuals in the commercial banking sector or related financial services industries. This esteemed institution is dedicated to providing education and professional development, aiming to equip individuals with the necessary knowledge and skills to excel in their respective fields.
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Impact
July, 2024
The impact of the Paul W Barret Jr School Of Banking extends to the banking community, providing essential education and professional development opportunities for individuals in commercial banking and related financial services industries. Through its adult learning programs, the school equips career-oriented professionals with the knowledge and skills necessary to advance in their fields. With a dedicated board of regents comprising executives from banking and financial firms, the school plays a vital role in shaping the future of the industry by fostering continuous learning and development.
This information is meant to be a general summary of Paul W Barret Jr School Of Banking. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $623,253
- Program Service Revenue: $595,546
- Gross Receipts: $1,218,799
Assets and Liabilities:
- Total Assets: $9,132,788
- Total Liabilities: $269,981
- Net Assets: $8,862,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION - RESIDENCY
Revenue
$419,410
TUITION - CAREER TRACK
Revenue
$136,766
HOUSING
Revenue
$39,370
Organization Details
Founding Year
1976
Phone
(901) 321-4000Principal Officer
Christopher M Kelley
Main Address
650 EAST PARKWAY SOUTH, MEMPHIS, TN, 38104
Website
www.barret.wsNTEE Category
Code: B50 - Education
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