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
396 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
14 people listed on the 990; $507K paid to officers and key staff.
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 · 5 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 | — | — | — | — |
| Stephen David | — | $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.
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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.
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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.
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.
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By the numbers
The FY2022 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.9M | $2.6M | $339K | $6.6M | 990 PDF |
| FY2024 | $2.5M | $2.4M | $85K | $6.2M | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 | $2.8M | $2.2M | $568K | $7.7M | 990 PDF |
| FY2021 | $757K | $1.7M | −$982K | $10.2M | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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