Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
51 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
7 people listed on the 990; $178K paid to officers and key staff (Part VII, Section A).
John Naughton’s $220K as Executive Director is at the 87th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2022 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| John Naughton | $220,146 | $249,625 | $215,725 | $215,725 | $178,500 |
| Stephen David | $20,500 | $17,500 | $5,500 | — | — |
| Michael Allen | — | $15,000 | $12,000 | — | — |
| Joseph D Hudgins | — | $12,500 | $15,000 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Tsbs INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Trains banking professionals in diverse financial matters through classroom instruction.
Questions for Tsbs INC
Your first name shows with your question. Tsbs INC answers here, for everyone.
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.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0019332) · Dispute this lineBy the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $83K | $60K |
| InvestmentsLn 11–13 | $10.4M | $8.8M |
| Land, buildings, equipmentLn 10c | $746K | $1.5M |
| Total assetsLn 16 | $11.3M | $10.4M |
| LiabilitiesLn 26 | $114K | $221K |
| Net assetsLn 32 | $11.2M | $10.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $274K | $274K | ||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $450K | $450K | ||
| Pension plan contributionsLn 8 | $30K | $30K | ||
| Other employee benefitsLn 9 | $60K | $60K | ||
| Payroll taxesLn 10 | $48K | $48K | ||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $9K | $9K | ||
| Accounting feesLn 11c | $21K | $21K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $51K | $51K | ||
| Other fees for servicesLn 11g | $60K | $60K | ||
| Advertising and promotionLn 12 | $14K | $14K | ||
| Office expensesLn 13 | $64K | $64K | ||
| Information technologyLn 14 | $26K | $26K | ||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $8K | $8K | ||
| TravelLn 17 | $57K | $57K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $20K | $20K | ||
| InsuranceLn 23 | $27K | $27K | ||
| Other expenses (24a–d)Ln 24 | $509K | $509K | ||
| All other expensesLn 24e | $11K | $10K | $708 | |
| Total functional expensesLn 25 | $1.7M | $890K | $849K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Dec 22, 2025 | $2.9M | $2.6M | $339K | $6.6M | 990 PDF |
| FY2024Filed with the IRS Jan 27, 2025 | $2.5M | $2.4M | $85K | $6.2M | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022Filed with the IRS Mar 3, 2023 | $2.8M | $2.2M | $568K | $7.7M | 990 PDF |
| FY2021 ViewingFiled with the IRS Jan 7, 2022 | $757K | $1.7M | −$982K | $10.2M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $756,527 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, no flags
Part VIII · Statement of revenue $756,527 across 9 lines filed
Part IX · Statement of functional expenses $1,738,548 across 31 lines filed
Part X · Balance sheet $10,399,338 assets, 22 lines filed
Part XI · Reconciliation of net assets $10,178,634 net assets at year end
Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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