2011-12-22T07:15:52-08:00 2011-06-30 TED SOILEAU CPA LLC 5800 One Perkins Place Dr Suite 9 A Baton Rouge LA 70808 990 2010-07-01 720019332 TSBS INC TSBS 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 Don Woodland 2011-12-22 TED A SOILEAU 2257667910 X 2010 2016-02-24 21:20:13Z 2320430 false false X gsblsu.org X 1981 LA TSBS is an educational institution for the banking industry providing classroom training to banking industry personnel in a wide variety of financial related matters. 6 1 15 0 0 1944731 1810252 196596 510178 0 2141327 2320430 0 0 718565 982510 0 0 1126645 917993 1845210 1900503 296117 419927 7267668 8992826 834664 1134169 6433004 7858657 TSBS is an educational institution for the banking industry providing classroom training to banking industry personnel in a wide variety of financial related matters. false false 1274683 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. 1274683 true false false false false false false false false false true true false false true true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false true true true false false true 62 0 false 15 true false false false false false false false false false false false 0 false false false false false false false false false false false X 6 1 false false false false true true false true true false false false true true true true true true true true false false X DON WOODLAND 2257668595 4273 HIGHLAND ROAD BATON ROUGE LA 70808 Thomas Darnell 5.00 X 27551 0 0 Pat Anderson 1.00 X 3931 0 0 John T Womack 3.00 X 17979 0 0 John Jordan 4.00 X 5312 0 0 Joe Ellison 4.00 X 8473 0 0 Jay Forrester 1.00 X 3057 0 0 Don L Woodland 40.00 X X 301220 0 48174 Bruce Whitehurst 2.00 X 0 0 0 Bradley Barrett 1.00 X 0 0 0 Barry Williams 1.00 X 500 0 0 368023 48174 1 false true false LSU ALUMNI ASSOCIATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 FACULTY HOUSING/FOOD 40892 LOUISIANA STATE UNIVERSITY DEPT OF RESIDENTIA GRACE KING HALL BATON ROUGE LA 70808 HOUSING FOR STUDENTS 296515 CHARTWELLS PO BOX 21773 BATON ROUGE LA 70894 FOOD SERVICE 150518 2 0 WEBINARS & BOOK SALES 611430 1902 1902 TUITION AND FEES 611430 1808350 1808350 1810252 142924 142924 0 0 0 367254 367254 367254 367254 0 0 0 0 2320430 1810252 510178 0 0 0 0 413990 413990 0 472696 236270 236426 8195 8195 59257 59257 28372 28372 0 144 144 24334 24334 0 0 61342 61342 0 39430 39430 31193 31193 2075 2075 1134 1134 0 14416 14416 0 0 0 0 31261 31261 26178 26178 Student Supplies 29525 29525 SESSIONS RENTALS 31370 31370 OTHER SUPPORT SERVICES 41153 41153 Food Service Students 150518 150518 FACULTY & STUDENT HOUSING 337407 337407 96513 60053 36460 1900503 1274683 625820 0 77016 417938 0 0 27171 41763 0 0 0 0 17821 14384 941113 106085 865511 835028 4947524 6939983 1330645 741750 0 0 1980 1980 7267668 8992826 22779 301430 811885 832739 834664 1134169 X 6389072 7795612 43932 63045 6433004 7858657 7267668 8992826 X 419927 1005726 X false true true X false false X 344195 344195 446490 17904 428586 67969 50643 17326 82459 37538 44921 835028 741750 Rounding 1 Defined Benefit Plan 802818 Deferred Tuition Income 29920 832739 2320430 1900503 419927 951679 54047 1005726 1425653 3210767 951679 951679 2259088 61342 61342 2320430 1839161 1839161 61342 61342 1900503 Part X Part X : FIN48 Footnote Accounting for the uncertainty of tax positions can impact the financial statements. Even though the School is exempt from income taxes, The School must still consider whether its exempt income and other activities of the School might be determined to be unrelated business income, and whether the School has properly maintained its tax exempt status. FASB ASC 740 (previously FIN # 48 ), published by the Financial Accounting Standards Board, addresses the issue of accounting for the uncertainty of material tax positions impacting the financial statements. The Officers have adopted the provisions of FASB ASC 740 effective June 30, 2009. The accounting for all material positions taken, or expected to be taken, on any income tax return is governed by FASB ASC 740. Income tax returns include those positions that were filed or that should have been filed with Federal taxing authorities. It is the Officers' policy to assess all material postions taken on any federal income tax return. The Officers will require its legal and tax counsel to communicate to them all such uncertain tax positions in order to evaluate the impact of the tax position and the reporting and disclosure required. The requirement will apply to not only the current reporting year but also to all prior open reporting years that could still be subject to examination by a taxing authority. The Officers have determined that any material uncertain tax positions that are presented to the Officers will be recognized and measured using a" more-likely-than-not ", (MLTN) threshold. The MLTN threshold means that;1. A benefit related to an uncertain tax position may not be recognized in the financial statements unless it is MLTN that the position will be sustained based on its technical merits, and 2. There must be more than a 50 % likelihood that the position would be sustained if challenged and considered by the highest court in the relevant jurisdiction.Measurement of any uncertain tax position will require calculating the cumulative probability of an outcome either for or against the tax position. The tax benefit of a qualifying position is the largest amount of tax benefit that is more than 50 % likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Initial recognition of an uncertain tax position will require continued reassessment of the tax position on an annual basis. As of each year end any unresolved uncertain tax postions must be reassessed, and the Officers must determine whether;1. the factors underlying the sustainability assertions have changed and,2. the amount of the recognized tax benefit is still appropriate.Developments such as case law, changes in tax law, new rulings or regulations issued by taxing authorities, could affect whether a tax position should be recognized or the amount that should be reported. The School will be required to accrue interest and penalties that, under present tax law, the School would incur if the uncertain tax position ultimately were not sustained.For the year ending June 30, 2011, no uncertain tax positions were determined to exist. Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances EQUITY TRANFER FROM SWAYZE FOUNDATION $54047 true true true false false true true false false false false false false false false false false true Schedule E, Line 4 - Explanation of Records and Materials Not Maintained No tracking of race of any student/faculty/staff is performed. Racially, non-discriminatory policies are in place. No fundraising activities are used. Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Organization does not advertise by media or newspaper but rather relies on its ongoing relationship with the financial institutions it serves. The Organization's Website is the main media source for informing the public of the organization's courses and instructors and it is within this website that the organization's nondiscriminatory policy is disclosed. X true X X X X false true false false false false false false false false Don L Woodland 301220 31200 16974 349394 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. SPOUSAL TRAVEL COSTS ARE REPORTED AS COMPENSATION TO THE IDENTIFIED OFFICER/EMPLOYEES INVOLVED WITH THE TRANSACTION. A 1099-MISC IS FILED FOR EACH OFFICER/EMPLOYEE FOR SPOUSAL TRAVEL. SCHEDULE D, PART XI, LINE 8 OTHER CHANGES IN NET ASSETS OR FUND BALANCES;EQUITY TRANFER FROM SWAYZE FOUNDATION $ 54,047ON JUNE 3, 2010 THE BOARD OF DIRECTORS OF ORRIN H. SWAYZE FOUNDATION FOR ADVANCED FINANCIAL EDUCATION APPROVED THE TRANSFER OF SUBSTANTIALLY ALL THE ASSETS OF ORRIN H. SWAYZE FOUNDATION TO TSBS, INC FOR THE YEAR ENDING JUNE 30, 2010. THIS DECISION WAS REACHED BASED ON THE SIGNIFICANT REDUCTION IN ACTIVITIES CONDUCTED BY THE FOUNDATION IN RECENT YEARS. THOSE ACTIVITIES WILL BE ASSUMED BY TSBS, INC. AND SWAYZE WILL REMAIN AS A DORMANT NON-PROFIT ORGANIZATION UNTIL SUCH TIME AS NEW PROGRAMS MAY BE INITIATED OR A DECISION TO TERMINATE THE ENTITY IS EXECUTED. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AS CLEARLY INDICATED IN THE EXECUTIVE BOARD AND FULL BOARD MEETING MINUTES, ALL FINANCIAL REPORTING IS PROVIDED TO ALL PARTIES ALONG WITH A COPY OF THE AUDITORS ANNUAL REPORT. THE IRS FORM 990 WILL ALSO BE MADE AVAILABLE UPON REQUEST TO THE EXECUTIVE DIRECTOR. ANY PUBLIC REQUEST TO VIEW THESE DOCUMENTS ALONG WITH THE IRS FORM 1023 AND THE TAX EXEMPT DETERMINATION LETTER FROM THE IRS WILL ALSO BE MADE AVAILABLE UPON REQUEST. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Executive Committee performs the following actions;1. Board members, not having a conflict of interest, approve the Executive Directors, annual salary,2. The Board conducts an internal survey of the compensation paid to other Executive Directors, more than 3, of similiar Banking Training Organizations around the United States,3. The Executive Committee adequately and concurrently documents that the Executive Director compensation package is within the range of such comparable data.4. The Compensation package is approved in advance of the compensation earned.5. The Executive Committee has adopted the provisions of Treasury Regulation Section 53.4958-6(c)(1)(iii). The conflict of interest policy precludes any Executive Committee members who have a financial interest in the compensation transaction, whether directly or indirectly through a family or business relation with a party to the transaction, from voting on the approval of the transaction.6. The Executive committee members not having a conflict of interest will review the salaries of at least 3 different persons with positions similar to the Exec. Directors, at comparable schools to ensure that the Executive Directors aggregate compensation package is not more than the Executive Directors Peers.7. The documentation includes the following; a. The terms of the compensation package and the date it was approved, b. The members of the Executive Committee who were present during the debate on the compensation package and those who voted on its approval, c. The comparable data relied upon by the Executive Committee and the means by which the Executive Committee obtained the data and the recusal of any members of the Executive Committee who may have had a conflict of interest. d. The Exec. Committee must prepare this documentation before the later of 60 days after the vote or the next meeting of the Executive Committee. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD OF DIRECTORS MEET BI-ANNUALLY TO ADDRESS POLICY ISSUES, CRICULLUM CHANGES, TEACHER EVALUATIONS AND NEW HIRES, INVESTMENT POLICY REVIEW AND POLICY DECISIONS, ADVERTISING EFFORTS, ETC. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST, PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE FULL BOARD OF DIRECTORS AND ACTED UPON. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. A COPY OF THE IRS 990 TAX RETURN WAS PROVIDED TO THE EXECUTIVE DIRECTOR FOR HIS REVIEW, APPROVAL AND SIGNATURE. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder TSBS, INC. IS COMPRISED OF THE PARTICIPATING STATE BANKER ASSOCIATIONS THAT PARTICIPATE IN THE FOUNDATION. ORRIN H SWAYZE FOUNDATION FOR ADVANCED 4229 HIGHLAND ROAD BATON ROUGE LA 70808 721260812 CHARITABLE EDUCATIONAL ORGANIZATION LA 501(c)(3) Public Charity YES true false false false false false false false false false false false false false false false false false true ORRIN H SWAYZE FOUNDATION FOR ADVANCED r 54047 CASH