2021-04-26T14:00:42-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2019-07-01 237447143 CENTER FOR ADVANCED STUDIES IN BUSINESS INC CENT 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA PRESIDENT 6084417339 2021-04-21 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2021-04-19 2019 2022-09-23 18:48:47Z JON KAUPLA 601 UNIVERSITY AVENUE MADISON WI 53715 9649098 0 X WWW.UWCPED.ORG X 1974 WI TO STIMULATE THE CONTINUAL PROCESS OF PROFESSIONAL EDUCATION, TO PROMOTE THE EXCHANGE OF IDEAS, AND TO ADVANCE THE WISCONSIN SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS. 12 11 42 11 1584521 220630 45000 100000 13970071 9504143 37988 37007 0 0 14053059 9641150 50000 0 0 0 2713989 2667135 0 0 0 11025657 9779472 13789646 12446607 263413 -2805457 14657128 11721255 12118203 11987787 2538925 -266532 X A. TO STIMULATE THE CONTINUAL PROCESS OF PROFESSIONAL EDUCATION IN BUSINESS AND ADMINISTRATION AT THE WISCONSIN SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS AT THE UNIVERSITY OF WISCONSIN-MADISON (UNIVERSITY) IN THE STUDENT, ALUMNUS AND THE PRACTITIONER PHASES. B. TO PROMOTE THE EXCHANGE OF IDEAS BETWEEN THE STUDENT BODY, ALUMNI AND FACULTY OF THE WISCONSIN SCHOOL OF BUSINESS, OTHER ACADEMIC UNITS AT THE UNIVERSITY AND INTERESTED EXECUTIVES AND ADMINISTRATORS. C. TO ADVANCE THE SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS AT THE UNIVERSITY BY DISSEMINATING INFORMATION CONCERNING STUDENT, ALUMNI, FACULTY AND ADMINISTRATIVE ACTIVITIES. 0 1 4814448 2959494 THE FLUNO CENTER: A FULL IMMERSION EXECUTIVE EDUCATION FACILITY THAT IS OWNED AND OPERATED BY THE CENTER FOR ADVANCED STUDIES IN BUSINESS, INC. (CASB), PROVIDED CONFERENCE SERVICES, LODGING AND OTHER RELATED SERVICES TO SUPPORT ITS EDUCATIONAL EVENTS. 4356793 4854490 CONTINUING EDUCATION PROGRAMS: FULL IMMERSION EDUCATIONAL PROGRAMS (P.L.R. #98-24048). CASB CUSTOM PROGRAM OFFERINGS EXTEND TO ALL FUNCTIONAL AREAS AND LEVELS WITHIN AN ORGANIZATION. CONSULTING IS OFFERED BOTH ADJACENT TO THE PROGRAMMATIC OFFER AS WELL AS MORE GENERALLY WITHIN TOPICS RELATED TO HUMAN CAPITAL. CASB RUNS A PORTFOLIO OF OPEN-ENROLLMENT COURSES ON VARIOUS BUSINESS RELATED TOPICS. CASB OPERATES THE FAMILY BUSINESS CENTER, A MEMBERSHIP BASED ORGANIZATION WITH PROFESSIONAL EDUCATION GEARED TO CLOSELY HELD BUSINESS. 9171241 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 70 0 42 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA PRESIDENT 40.00 X X 258687 0 43539 DAVID GAY DIRECTOR 1.00 X 0 0 0 BARRY GERHART DIRECTOR 1.00 X 0 0 0 CARLA GOGIN DIRECTOR 1.00 X 0 0 0 JAMES JOHANNES DIRECTOR 1.00 X 0 0 0 LANCE LANGE DIRECTOR 1.00 X 0 0 0 BRIAN MAYHEW DIRECTOR 1.00 X 0 0 0 BARRY PERKEL DIRECTOR 1.00 X 0 0 0 BLAINE RENFERT DIRECTOR 1.00 X 0 0 0 ALISON SPARKS-JOHNSON DIRECTOR 1.00 X 0 0 0 TANZY LAWHORN VICE CHAIR 1.00 X 0 0 0 JAY SEKELSKY DIRECTOR 1.00 X 0 0 0 VALLABH SAMBAMURTHY DIRECTOR 1.00 X 0 0 0 ADAM BARNES FORMER VP OF FINANCE AND OPERATIONS 40.00 X 110363 0 6687 MALCOLM JEFFRIS SENIOR DIRECTOR, CORPORATE LEARNING 40.00 X 237895 0 35193 TRACY NELSON VP LEARNING & DEVELOPMENT 40.00 X 180086 0 22954 MARK SEIFERT DIRECTOR OF CORPORATE LEARNING 40.00 X 138102 0 29926 JON ZULAWSKI DIRECTOR OF LEARNING AND DEVELOPMENT 40.00 X 113647 0 28838 1038780 0 167137 6 0 1 0 ARAMARK 601 UNIVERSITY AVE MADISON WI 53715 FACILITY AGENCY 299957 SCOTT CONVERSE 1035 E LAKESIDE DR EDGERTON WI 53534 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 281968 PROGENYSIS INC 107 SULLIVAN PLACE POOLER GA 31322 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 208374 SDK GROUP 4322 ROLLA LANE MADISON WI 53711 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 137894 ELHR CONSULTING 802 EAST APPLETREE LANE ARLINGTON HEIGHTS IL 60004 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 136386 8 100000 100000 EDUCATIONAL PROGRAM FEES 611600 5130323 4854490 275833 CONFERENCE SERVICES 812900 3728722 2959494 663590 105638 BUSINESS MEETINGS 541511 645098 645098 9504143 44955 44955 7948 -7948 -7948 -7948 9641150 7813984 1584521 142645 X 296764 262693 34071 1857283 243520 1613763 108513 16237 92276 258848 35195 223653 145727 27599 118128 129821 129821 15347 15347 15800 15800 4210 4210 4675621 4349341 326280 248256 233249 15007 122972 87336 35636 286994 62872 224122 200923 188880 12043 241477 179900 61577 48692 867 47825 239967 219676 20291 1061465 955904 105561 105131 24315 80816 CONTRACT SVS/FOOD & DRI 1143095 1143095 PROGRAM/EVENT EXPENSES 529611 529611 UBIT 91624 91624 618466 389506 228960 12446607 9171241 3275366 0 5950 5100 4115577 3033364 1913293 581048 10881 11891 701660 659169 24323232 16892549 7909767 7430683 14657128 11721255 1924691 2100177 1054256 1143035 9139256 8744575 12118203 11987787 X 2538925 -266532 2538925 -266532 14657128 11721255 -2805457 0 X 0 1 X 1 0 X 112000 45000 45000 45000 100000 347000 9436517 12063157 11757021 12415698 7788025 53460418 66360 71055 89357 143767 105638 476177 9614877 12179212 11891378 12604465 7993663 54283595 0 4059415 3975442 4100855 4691587 3039107 19866406 4059415 3975442 4100855 4691587 3039107 19866406 34417189 20042 14983 39301 26798 44955 146079 20042 14983 39301 26798 44955 146079 171025 256067 162285 469410 419622 1478409 9805944 12450262 12092964 13100673 8458240 55908083 0.61560 0.60520 0.00260 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17989635 12192987 5796648 1484519 489537 994982 1893604 1709249 184355 2955474 2500776 454698 7430683 X 9151889 7948 7948 9143941 497209 497209 9641150 11957346 7948 7948 11949398 497209 497209 12446607 PART X, LINE 2: THE CENTER RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE CENTER APPLIED THE UNCERTAIN TAX POSITION GUIDANCE TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2020 AND 2019. THE CENTER DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITIONS THAT WOULD RESULT IN A MATERIAL CHANGE TO FINANCIAL STATEMENTS. THE CENTER RECOGNIZES ANY INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN GENERAL AND ADMINISTRATIVE EXPENSES. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. SCHEDULE D, PART XI, LINE 4B REVENUE INCLUDED IN RETURN, NOT IN FINANCIAL STATEMENTS: THE CENTER FOR ADVANCED STUDIES IN BUSINESS UTILIZES THE CONFERENCE SERVICES CAPABILITIES OF THE FLUNO CENTER FOR SOME OF ITS OWN EDUCATIONAL PROGRAMMING, ALUMNI AND BOARD MEETINGS AND EVENTS, AND FOR ADMINISTRATIVE PURPOSES. THIS ACTIVITY IS REVERSED FOR FINANACIAL STATEMENT PURPOSES. RELATED REVENUE OF $497,209 IS INCLUDED ON FORM 990, PART VIII. SCHEDULE D, PART XII, LINE 4B EXPENSES INCLUDED IN RETURN, NOT IN FINANCIAL STATEMENTS: THE CENTER FOR ADVANCED STUDIES IN BUSINESS UTILIZES THE CONFERENCE SERVICES CAPABILITIES OF THE FLUNO CENTER FOR SOME OF ITS OWN EDUCATIONAL PROGRAMMING, ALUMNI AND BOARD MEETINGS AND EVENTS, AND FOR ADMINISTRATIVE PURPOSES. THIS ACTIVITY IS REVERSED FOR FINANCIAL STATEMENT PURPOSES. RELATED EXPENSES OF $497,209 ARE INCLUDED ON FORM 990, PART IX. X X X X 1 0 0 1 0 0 0 0 0 JON KAUPLA PRESIDENT 208259 0 50170 0 258 0 16793 0 26746 0 302226 0 0 0 MALCOLM JEFFRIS SENIOR DIRECTOR, CORPORATE LEARNING 117558 0 119923 0 414 0 16907 0 18286 0 273088 0 0 0 TRACY NELSON VP LEARNING & DEVELOPMENT 149286 0 30800 0 0 0 12759 0 10195 0 203040 0 0 0 MARK SEIFERT DIRECTOR OF CORPORATE LEARNING 90158 0 47944 0 0 0 8019 0 21907 0 168028 0 0 0 PART I, LINE 4A ADAM BARNES RECEIVED A SEVERANCE PAYMENT OF $70,000. PART I, LINE 5 COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION: BUSINESS DEVELOPMENT STAFF CAN EARN BONUS INCENTIVE COMPENSATION LARGELY BASED ON A PERCENTAGE OF THEIR BASE SALARY. ADDITIONALLY, THEY CAN EARN ADDITIONAL DOLLAR FIGURE BONUSES BASED ON PERSONAL AND TEAM PROGRAMMING SALES GOALS. STEVE KING FORMER BOARD PRESIDENT 137984 INSTRUCTION 0 FORM 990, PART III, LINE 3 DUE TO THE NOVEL COVID-19 PANDEMIC, CASB ENGAGED IN A PIVOT TO ONLINE PROGRAMMING FOR OPEN ENROLLMENT, CUSTOM PROGRAMMING AND FBC. FORM 990, PART VI, SECTION A, LINE 2 BARRY GERHART WAS THE INTERIM DEAN OF THE SCHOOL OF BUSINESS THROUGH AUGUST 1ST, 2019. JIM JOHANNES AND BRIAN MAYHEW ARE TENURED FACULTY AND TECHNICALLY REPORT TO BARRY. NEW DEAN OF THE SCHOOL OF BUSINESS AS OF AUGUST 1ST FORM 990, PART VI, SECTION A, LINE 3 ARAMARK MANAGES THE DAY TO DAY OPERATION OF THE FLUNO CENTER. TOTAL PAYMENTS FOR THE YEAR WERE $299,957. FORM 990, PART VI, SECTION A, LINE 7A UW FOUNDATION MAY PLACE ONE BOARD MEMBER. THE DEAN OF THE WISCONSIN SCHOOL OF BUSINESS MAY PLACE TWO TENURED FACULTY ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B CASB'S FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM FROM INFORMATION PREPARED AND SUBMITTED BY CASB STAFF. A DRAFT OF THE FORM 990 WAS PROVIDED ELECTRONICALLY TO BOARD MEMBERS FOR REVIEW. THE AUDIT COMMITTEE PERFORMED A DETAILED REVIEW OF THE FORM 990. THE FORM 990 WAS FINALIZED TO INCORPORATE ANY NECESSARY CHANGES. AN UPDATED VERSION WAS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS FOR ADDITIONAL MATTERS BROUGHT FORWARD BY THE BOARD. THE FINALIZED VERSION OF THE FORM 990 IS FILED WITH THE IRS ON OR BEFORE THE MAY 15TH EXTENDED FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE ORGANIZATION. ANNUALLY, INDIVIDUALS COVERED UNDER THE POLICY SELF IDENTIFY POTENTIAL AND/OR ACTUAL CONFLICTS. MANAGEMENT REVIEWS RESPONSES TO ENSURE ALL CONFLICTS MANAGEMENT IS AWARE OF HAVE BEEN IDENTIFIED. ANNUALLY, THE BOARD REVIEWS COMPLETED RESPONSES AND DETERMINES IF ALL POTENTIAL AND/OR ACTUAL CONFLICTS ARE ACCEPTABLE. THESE DISCUSSIONS ARE DOCUMENTED IN THE MINUTES TO THE MEETING IN WHICH THEY OCCUR. AS OF JUNE 30, 2020 NO CONFLICTS WERE NOTED WHICH LIMIT ANY OFFICER, DIRECTOR, OR KEY EMPLOYEE FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS. SHOULD ANY POTENTIAL OR ACTUAL CONFLICT ARISE BETWEEN ANNUAL SURVEYS, IT IS THE RESPONSIBILITY OF THE CONFLICTED INDIVIDUAL, AND MANAGEMENT IF THEY ARE AWARE OF THE CONFLICT, TO BRING THE NEW CONFLICT TO THE ATTENTION OF THE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, CHAIRED BY AN INDEPENDENT DIRECTOR, REVIEWS THE COMPENSATION OF TOP MANAGEMENT AND OTHER OFFICERS. THIS REVIEW INCLUDES LOOKING AT COMPARABILITY DATA. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DISCUSSIONS AND FINAL RECOMMENDATION. COMPENSATION DECISIONS ARE APPROVED BY THE FULL BOARD AND ARE ALSO CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONFERENCE CENTER OPERATOR: PROGRAM SERVICE EXPENSES 2,686,702. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,686,702. INSTRUCTOR TEACHING FEES: PROGRAM SERVICE EXPENSES 1,206,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,206,096. PROGRAM CHAMPION FEES: PROGRAM SERVICE EXPENSES 21,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,083. INSTRUCTOR CUSTOMIZATION FEES: PROGRAM SERVICE EXPENSES 193,282. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 193,282. PROFESSIONAL SERVICES CONSULTING: PROGRAM SERVICE EXPENSES 33,000. MANAGEMENT AND GENERAL EXPENSES 326,280. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 359,280. TRAVEL FEE: PROGRAM SERVICE EXPENSES 5,382. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,382. INSTRUCTOR CONSULTING FEES: PROGRAM SERVICE EXPENSES 203,796. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,796.