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Tsbs Inc

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

EIN: 720019332 ✦ Baton rouge, LA ✦ Designated as a 501(c)(3)

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Overview

What is Tsbs Inc?

Tsbs Inc, located in Baton Rouge, Louisiana, is a nonprofit organization primarily dedicated to educating individuals employed in the banking industry and other financial institutions. With a team of 12 personnel, Tsbs Inc offers classroom training in various financial-related matters, constantly updating its curriculum to cater to the industry's evolving needs. The organization's mission is to serve as a hub for banking industry professionals, providing them with essential skills and knowledge to excel in their respective roles.


Official website here: www.gsblsu.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Tsbs Inc has received a Three-Star rating from Charity Navigator, reflecting its 77% overall score. This rating indicates that the organization demonstrates a reasonable level of accountability and transparency in its operations. The charity excels in areas such as financial audits, conflict of interest policies, and maintaining a whistleblower policy, which are critical for ensuring responsible management of funds.

The organization has a solid independent board size but scored poorly on having majority independent board members, highlighting a potential area for improvement in governance practices. Additionally, while the charity shows a strong performance in managing liabilities and expenses, it received a lower score for its program expense ratio, suggesting that a smaller portion of its expenditures may be directed toward its core mission activities compared to its total expenses.

Overall, while Tsbs Inc demonstrates strong financial practices and governance in certain aspects, there are opportunities for enhancement, particularly in board independence and increasing the focus on direct program expenses. These improvements could further strengthen the charity's overall effectiveness and impact.


This AI summary has been generated from information found on Charity Navigator.

Is Tsbs Inc legitimate?

Tsbs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tsbs 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: $122,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,001

For more financial information, click here


Official website here: www.gsblsu.org

What is the mission statement of Tsbs Inc?

Tsbs Inc, as an educational institution for the banking industry, is committed to providing classroom training to banking industry personnel in a wide array of financial-related matters. Its mission involves equipping individuals employed in the banking sector and other financial institutions with the necessary skills through the development and delivery of relevant courses. The organization is constantly adapting to the evolving nature of the industry by creating new training courses.


Official website here: www.gsblsu.org

Who is the CEO of Tsbs Inc?

John Naughton is the Executive Director of Tsbs Inc.


Official website here: www.gsblsu.org

What is the revenue of Tsbs Inc?

Tsbs Inc's revenue in 2022 was $49,051.


Official website here: www.gsblsu.org

Who are the executives of Tsbs Inc and what are their salaries?

The average compensation at Tsbs Inc during 2022 was $14,467. There are 12 employees and 6 volunteers at Tsbs Inc.


Here are 7 key members and their salaries:


John Naughton (Executive Director)
  • Compensation: $215,725
  • Related: $0
  • Other: $37,906
Joseph D Hudgins (President)
  • Compensation: $15,000
  • Related: $0
  • Other: $0
Michael Allen (President)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Scott E Latham (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Barrett (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen David (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Green (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gsblsu.org

Where can I find the form 990 for Tsbs Inc?

Tsbs Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gsblsu.org

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

Mission Statement of Tsbs Inc

Tsbs Inc, as an educational institution, is dedicated to serving the banking industry. Its primary mission is to provide classroom training to banking personnel in a broad array of financial-related matters. By doing so, Tsbs Inc aims to equip individuals employed within the banking sector and other financial institutions with the necessary skills and knowledge required to excel in their respective roles. The organization is also committed to keeping up with the industry's ever-changing landscape by continuously developing new courses. In essence, Tsbs Inc serves as a vital resource for ongoing professional development within the banking sector, ensuring that its workforce remains well-informed and adept in navigating the financial landscape.

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Impact




August, 2024

Tsbs Inc's impact lies in its role as an educational institution for the banking industry. By providing classroom training to banking industry personnel in a wide variety of financial-related matters, Tsbs Inc contributes to the professional development and expertise of individuals employed in the banking industry and other financial institutions. Through the development of new courses to address the ever-changing landscape of the industry, Tsbs Inc helps to ensure that industry professionals stay up-to-date with the latest knowledge and skills. Overall, Tsbs Inc plays a crucial role in equipping individuals with the training they need to excel in the banking and financial sector.




This information is meant to be a general summary of Tsbs 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
$2,757,747 (2022)
Expenses
$2,190,243 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $46,012
  • Program Service Revenue: $3,039
  • Gross Receipts: $586,888

Assets and Liabilities:

  • Total Assets: $7,541,535
  • Total Liabilities: $80,947
  • Net Assets: $7,460,588

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$3,039

Organization Details

Founding Year

1981

Principal Officer

John Naughton

Main Address

4273 HIGHLAND ROAD, BATON ROUGE, LA, 70808

NTEE Category

Code: B51Z - Education

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