2019-05-09T16:44:38-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2017-07-01 237447143 CENTER FOR ADVANCED STUDIES IN BUSINESS INC CENT 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA PRESIDENT 6084417339 2019-04-24 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2019-04-23 67.137.57.251 2019-04-24 08:57:47 CD P 438126668714DFE7D4F28C490563287B23FE06A0 3547DB85658CDBF454A47B9D4758AEFA9CE27112 2017 2019-02-21 02:37:17Z JON KAUPLA 601 UNIVERSITY AVENUE MADISON WI 53715 13337954 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. 10 9 36 10 1407275 162285 45000 45000 13032953 13253653 13320 34611 0 0 13091273 13333264 150000 0 0 0 2599968 2883257 0 0 0 10517775 10950315 13267743 13833572 -176470 -500308 16273952 15287124 13498132 13011612 2775820 2275512 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. 1 0 6678827 6465376 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. 5340513 6641161 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. 40441 40441 WISCONSIN SCHOOL OF BUSINESS OUTREACH, INCLUDING ALUMNI MEETINGS AND EVENTS: THIS ACTIVITY ALLOWS OPPORTUNITIES FOR THE COMMUNICATION TO AND THE GATHERING OF ALUMNI AT VARIOUS LOCATIONS TO DISTRIBUTE INFORMATION ON PROGRAMS AND ACTIVITIES OF THE WISCONSIN SCHOOL OF BUSINESS. 240674 106675 FACILITY RENTAL 240674 106675 12300455 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 36 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JON KAUPLA 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA EXECUTIVE DIRECTOR 40.00 X X 121129 0 27071 STEVE KING PRESIDENT THROUGH FEBRUARY 2018 40.00 X X 240514 0 31295 DAVID GAY DIRECTOR 1.00 X 0 0 0 BERRY 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 JOHN NELSON DIRECTOR THROUGH MAY 2018 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 ADAM BARNES VP OF FINANCE & OPERATIONS 40.00 X 170271 0 48661 MALCOLM JEFFRIS SENIOR DIRECTOR, CUSTOM LEARNING 40.00 X 132737 0 34013 BARRY ROBERTS PROGRAM DIRECTOR OF CUSTOM LEARNING UNTIL JANUARY 40.00 X 116048 0 31643 KATE SCHLESINGER SENIOR DIRECTOR, CORPORATE LEARNING 40.00 X 113133 0 0 MARK SEIFERT DIRECTOR OF CORPORATE LEARNING 40.00 X 109096 0 42826 1002928 0 215509 7 0 1 0 NORTH AMERICAN MECHANICAL INC 4401 STATE ROAD 19 WINDSOR WI 53598 HVAC 367855 ARAMARK 601 UNIVERSITY AVE MADISON WI 53715 FACILITY AGENCY 306445 SCOTT CONVERSE 1035 E LAKESIDE DR EDGERTON WI 53534 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 242631 ELHR CONSULTING 802 EAST APPLETREE LANE ARLINGTON HEIGHTS IL 60004 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 185400 CALIBRA INC 2810 CROSSROADS DR SUITE 4000 MADISON WI 53718 INSTRUCTION AND CONSULTING 107917 6 45000 45000 EDUCATIONAL PROGRAM FEES 611600 6641161 6641161 CONFERENCE SERVICES 611600 6465376 4968744 1407275 89357 OFFICE SPACE RENTALS 611600 106675 106675 ALUMNI AND BOARD MEETINGS/EVENTS 611600 40441 40441 13253653 39301 39301 4690 -4690 -4690 -4690 13333264 11757021 1407275 123968 X 1169901 877426 292475 1248566 953718 294848 102508 76881 25627 207087 155315 51772 155195 116396 38799 304110 304110 650 650 31253 31253 4845255 4624182 221073 490790 455935 34855 92615 56118 36497 129198 62357 66841 -89970 -89970 271135 202432 68703 39112 3740 35372 272220 244998 27222 1047145 943069 104076 181137 102133 79004 CONTRACT SVS/FOOD & DRI 1105923 1105923 PROGRAM/EVENT EXPENSES 1019302 1019302 UTILITIES 406247 406247 UBIT 118407 118407 685786 561736 124050 13833572 12300455 1533117 0 5950 5950 4646658 3525587 1727281 2298953 22806 22205 574997 686615 23529422 14781608 9272968 8747814 23292 16273952 15287124 1799774 1836636 1515448 1518444 10182910 9656532 13498132 13011612 X 2775820 2275512 2775820 2275512 16273952 15287124 -500308 0 X 0 1 X 1 0 X 10000 112000 45000 45000 212000 9085933 9922036 9436517 12063157 11757021 52264664 73925 64850 66360 71055 89357 365547 9169858 9986886 9614877 12179212 11891378 52842211 0 3823361 4599101 4059415 3975442 4100855 20558174 3823361 4599101 4059415 3975442 4100855 20558174 32284037 20808 20719 20042 14983 39301 115853 20808 20719 20042 14983 39301 115853 112482 185381 171025 256067 404220 1129175 9303148 10192986 9805944 12450262 12334899 54087239 0.59690 0.57680 0.00210 0.00210 X 17989635 10993665 6995970 1018114 268325 749789 1744340 1420894 323446 2777333 2098724 678609 8747814 X 12418944 4690 4690 12414254 919010 919010 13333264 12919252 4690 4690 12914562 919010 919010 13833572 PART X, LINE 2: THE CENTER WAS FORMED AS A NONPROFIT ORGANIZATION WITHOUT THE ISSUANCE OF STOCK. THE CENTER HAS RECEIVED A DETERMINATION LETTER FROM THE IRS DATED MAY 21, 1975, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. THE CENTER ALSO RECEIVED A PRIVATE LETTER RULING DATED MARCH 18, 1998, RELATED TO THE OPERATIONS OF THE FLUNO CENTER. THE CENTER CONDUCTS CERTAIN UNRELATED BUSINESS ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, THE CENTER RECORDED APPROXIMATELY $179,000 AND $103,000, RESPECTIVELY, OF INCOME TAX EXPENSE IN CONFERENCE SERVICES EXPENSE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES RELATED TO UNRELATED BUSINESS ACTIVITIES. 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, 2018 AND 2017. 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, 2018 AND 2017. SCHEDULE D, PART XI, LINE 2D REVENUE INCLUDED IN FINANCIAL STATEMENTS, NOT IN RETURN: LOSS ON SALE OF ASSETS $4,690 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 $919,010 IS INCLUDED ON FORM 990, PART VIII. SCHEDULE D, PART XII, LINE 2D EXPENSES INCLUDED IN FINANCIAL STATEMENTS, NOT IN RETURN: LOSS ON SALE OF ASSETS $4,690 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 $919,010 ARE INCLUDED ON FORM 990, PART IX. NORTH AMERICA 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 33638 0 0 0 0 0 0 33638 0 33638 0 0 0 0 0 0 X X X X 0 0 0 1 0 0 0 0 0 STEVE KING PRESIDENT THROUGH FEBRUARY 2018 196362 0 44000 0 152 0 16940 0 14355 0 271809 0 0 0 ADAM BARNES VP OF FINANCE & OPERATIONS 135539 0 34720 0 12 0 12375 0 36286 0 218932 0 0 0 MALCOLM JEFFRIS SENIOR DIRECTOR, CUSTOM LEARNING 120181 0 12448 0 108 0 9585 0 24428 0 166750 0 0 0 MARK SEIFERT DIRECTOR OF CORPORATE LEARNING 92708 0 16361 0 27 0 7878 0 34948 0 151922 0 0 0 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. FORM 990, PART III, LINE 2 BEGAN PROVIDING CONSULTING THAT WAS NOT DIRECTLY ADJACENT TO OUR PROGRAMMING THAT IS TAX EXEMPT. FORM 990, PART VI, SECTION A, LINE 2 BERRY GERHART IS THE INTERIM DEAN OF THE SCHOOL OF BUSINESS. JIM JOHANNES AND BRIAN MAYHEW ARE TENURED FACULTY AND TECHNICALLY REPORT TO BARRY. FORM 990, PART VI, SECTION A, LINE 3 ARAMARK MANAGES THE DAY TO DAY OPERATION OF THE FLUNO CENTER UNDER THE SUPERVISION OF ADAM BARNES. CALENDAR YEAR PAYMENTS TOTALED $306,444.56. 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, 2018, 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 CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 221,073. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 221,073. CONFERENCE CENTER OPERATOR: PROGRAM SERVICE EXPENSES 2,693,060. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,693,060. INSTRUCTOR TEACHING FEES: PROGRAM SERVICE EXPENSES 1,766,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,766,932. PROGRAM CHAMPION FEES: PROGRAM SERVICE EXPENSES 52,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,500. INSTRUCTOR CUSTOMIZATION FEES: PROGRAM SERVICE EXPENSES 111,690. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,690.