2015-05-12T07:14:05-05:00 2014-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2013-07-01 264646019 KELLEY EXECUTIVE EDUCATION FOUNDATION INC % LAUREEN A MAINES KELL 8665375236 1275 E 10TH STREET Suite BLOOMINGTON IN 47405 LAUREEN A MAINES TREASURER 8665375236 2015-05-15 true Joyce A Dulworth P00151125 8665375236 2013 2016-03-07 17:11:31Z KELLEY EXECUTIVE PARTNERS RICHARD MAGJUKA 1275 E 10TH STREET BLOOMINGTON IN 474051703 5810051 false X WWW.KELLEY.IU.EDU/KEP X 2009 IN TO PROVIDE WORLD-CLASS EXECUTIVE DEVELOPMENT EXPERIENCES TO IMPROVE THE STRATEGIC, ORGANIZATIONAL & COMPETITIVE CAPABILITIES OF ORGANIZATIONS GLOBALLY. 11 7 11 0 0 0 0 6510085 5809421 943 630 0 0 6511028 5810051 800000 250000 0 0 1140400 1099247 0 0 0 4392130 4326280 6332530 5675527 178498 134524 1366777 1958716 595118 1055506 771659 903210 TO CARRY OUT THE MISSION OF AND TO ACQUIRE, MANAGE, AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS, A 501(C)(3) ORGANIZATION. false false 5327680 0 5809421 KELLEY EXECUTIVE PARTNERS IS AN EXECUTIVE EDUCATION ARM OF THE INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS, ONE OF THE COUNTRY'S PREMIER BUSINESS SCHOOLS. KEP'S MISSION IS TO PROVIDE WORLD-CLASS EXECUTIVE DEVELOPMENT EXPERIENCES TO IMPROVE THE STRATEGIC, ORGANIZATIONAL AND COMPETITIVE CAPABILITIES OF ORGANIZATIONS GLOBALLY, AND TO DEVELOP THE LEADERSHIP COMPETENCIES OF THE INDIVIDUALS IN THOSE ORGANIZATIONS. 5327680 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 129 0 true 11 true false false false false false false false false false false X 11 7 false false false false false true false true false false true true true true true true true true false IN X LAUREEN A MAINES 8128550229 1275 E 10TH STREET SUITE 3070J BLOOMINGTON IN 47405 Manirpallem Venkataramanan Director 1.0 X 0 0 0 Franklin Acito Vice President 1.0 X X 27000 0 0 Dr Patricia McDougall-Covin Director 1.0 X 3000 0 0 Arlen Langvardt Director 1.0 X 6000 0 0 John Cady Executive Director 43.0 X X 125000 0 11015 Ash Soni President 1.0 X X 19875 0 0 Daniel C Smith Director 1.0 X 0 0 0 Teresa Kase Director 1.0 X X 0 0 0 Laureen Maines Treasurer 1.0 X X 0 0 0 Sreenivas Kamma Director 1.0 X 30750 0 0 Idalene Kesner Chair 1.0 X X 1500 0 0 Samuel Smith CPA Deputy Director/CFO/Treasurer 40.0 X 139000 0 35020 Jeffrey H Underwood Senior Director of Finance 43.0 X 112000 0 0 464125 0 46035 3 false true false Rich Magjuka 571 Shady Creek Drive GREENWOOD IN 46142 INSTRUCTION 131625 1 0 EXECUTIVE DEVELOPMENT PROGRAM REVENUE 611430 5809421 5809421 5809421 630 630 0 0 0 0 0 0 0 0 0 0 5810051 5809421 630 250000 250000 0 0 0 376000 329623 46377 0 0 450955 395332 55623 0 87740 77540 10200 0 130677 114996 15681 0 53875 35917 17958 0 0 0 0 0 918 0 918 0 34537 0 34537 0 0 0 0 2632874 2500673 132201 0 11470 11470 0 0 174101 139749 34352 0 39603 39603 0 0 0 0 1402553 1402553 0 0 0 5913 5913 0 0 0 0 0 19458 19458 0 0 MISCELLANEOUS 3750 3750 ENTERTAINMENT 1103 1103 5675527 5327680 347847 0 0 0 471096 529180 0 0 235652 1116200 0 0 0 0 0 0 28192 33268 631837 280068 0 0 0 0 0 0 0 0 0 0 0 1366777 1958716 382033 1019290 0 0 213085 36216 0 0 0 0 0 0 0 0 0 0 0 0 595118 1055506 X 771659 903210 0 0 0 0 771659 903210 1366777 1958716 134524 -2973 X X false false false X 0 0 0 0 0 0 3532190 6346140 5492884 6510085 5809421 27690720 0 0 162000 105000 181000 144000 201000 793000 3694190 6451140 5673884 6654085 6010421 28483720 0 0 0 28483720 22173 15117 819 943 630 39682 0 22173 15117 819 943 630 39682 0 0 3716363 6466257 5674703 6655028 6011051 28523402 X 0.00000 true INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS 1309 E 10TH STREET BLOOMINGTON IN 47405 356001673 STATE OF IN 250000 I.U. KELLEY SCHOOL 1 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I PART 1, LINE 2: KELLEY EXECUTIVE PARTNERS MUST PAY ANY NET INCOME IT RECOGNIZES TO INDIANA UNIVERSITY, KELLEY SCHOOL OF BUSINESS, A TAX EXEMPT ORGANIZATON. IT IS NOT AUTHORIZED TO MAKE GRANTS TO ANY OTHER ORGANIZATION. INDIANA UNIVERSITY FOUNDATION SERVED AS A CONDUIT FOR THIS GRANT TO I.U. KELLEY SCHOOL OF BUSINESS. X false false false false false false false false false Samuel Smith CPA Deputy Director/CFO/Treasurer 139000 0 0 0 0 0 13900 0 21120 0 174020 0 0 0 GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI: QUESTION 1A: THE DEAN OR THEIR DESIGNATED DIRECTOR HAS 50% OF THE VOTING INTEREST AND THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS HAVE THE OTHER 50% OF THE VOTING INTEREST. QUESTION 1B: ASH SONI, JOHN CADY, SREENIVAS KAMMA, AND FRANKLIN ACITO ARE COMPENSATED OVER $10,000 AS PAID EMPLOYEES AND ARE THEREFORE CONSIDERED NON-INDEPENDENT. QUESTION 7: THE DEAN OF INDIANA UNIVERSITY'S KELLEY SCHOOL OF BUSINESS APPOINTS ALL OF THE DIRECTORS OF KELLEY EXECUTIVE EDUCATION FOUNDATION, INC. AND THE DEAN CAN APPOINT SOMEONE TO REPRESENT THEM AND THEIR 50% VOTING SHARE AS A BOARD MEMBER. QUESTION 11A: THE MANAGEMENT TEAM OF THE ORGANIZATION AND AN INDEPENDENT CPA FIRM REVIEW THE FORM 990 FOR ACCURACY PRIOR TO SIGNING. THE FORM 990 IS PROVIDED TO ALL OFFICERS AND DIRECTORS PRIOR TO SUBMISSION. QUESTION 12C: ALL CURRENT OFFICERS AND DIRECTORS ARE COVERED UNDER A CONFLICT OF INTEREST POLICY WHICH IS UPDATED ANNUALLY. IF A CONFLICT IS DISCLOSED, THE INDIVIDUAL WILL RECUSE HIM OR HERSELF FROM DISCUSSIONS AND VOTING. THIS WILL BE DOCUMENTED IN THE MINUTES. QUESTION 15A & 15B: JOHN CADY WAS PAID AS AN EMPLOYEE BY KEEFI AND HIS COMPENSATION WAS DETERMINED BY CONTRACT. QUESTION 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VII ALL BOARD MEMBERS RECEIVING COMPENSATION WERE PAID AS INDEPENDENT CONTRACTORS FOR SERVICES PROVIDED AS INSTRUCTORS IN KELLEY EXECUTIVE EDUCATION FOUNDATION'S PROGRAMS. NONE WERE COMPENSATED FOR THEIR SERVICES AS A BOARD MEMBER. FORM 990, PART XII QUESTION 2B & 2C: While KEEFI typically has an annual audit performed, the board determined that it was in the best interests of the organization to have an 18 month audit (July 1, 2103 through December 31, 2014) performed instead of the usual 12 month period. The Form 990 was prepared based on the internal financial statements for the 12 month period ended June 30, 2014. If there are material changes after the audit is completed, an amended Form 990 may need to be filed. INDIANA UNIV KELLEY SCHOOL OF BUSINESS 1309 E 10TH STREET BLOOMINGTON IN 47405 356001673 UNIVERSITY IN 115 NA false false true true false false false false false false true true false false false true false false false