CENTER FOR ADVANCED STUDIES IN BUSINESS INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CENTER FOR ADVANCED STUDIES IN BUSINESS INC (EIN 23-7447143)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-12
- IRS object ID
- 201411329349301571
- Schema version
- 2012v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-12T10:26:51-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grant Thornton LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 E Wisconsin Ave | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237447143 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center for Advanced Studies in Business Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % ADAM BARNES | InCareOfName |
| Name Control | CENT | NameControl |
| Phone | 6084417339 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 University Avenue | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53715 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Adam Barnes | Name |
| Title | Secretary & Director of Finance | Title |
| Phone | 6084417339 | Phone |
| Date Signed | 2014-05-12 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michelle L Weber | Name |
| Phone | 4142898200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Steve King | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 University Avenue | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53715 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7358331 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://exed.wisc.edu/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 9 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 227428 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 6503605 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7325692 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 45497 | InvestmentIncomePriorYear |
| Investment Income Current Year | 32639 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6549102 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7358331 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 51300 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 847844 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 916038 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5905774 | OtherExpensePriorYear |
| Other Expenses Current Year | 6469649 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6753618 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7436987 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -204516 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -78656 | RevenuesLessExpensesCY |
| Total Assets BOY | 17523233 | TotalAssetsBOY |
| Total Assets EOY | 17442034 | TotalAssetsEOY |
| Total Liabilities BOY | 13455269 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 13452726 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4067964 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3989308 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 5331575 | Expense |
| Grants | 0 | Grants |
| Revenue | 4768881 | Revenue |
| Description | The Fluno Center, a full immersion executive education facility that is owned and operated by CASB, provided conference services, lodging and other related services to support its educational events. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 886463 | Expense |
| Grants | 0 | Grants |
| Revenue | 1903586 | Revenue |
| Description | 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. CASB also ran a high-level open-enrollment course titled: "Leadership Beyond Management", a dynamic program designed for managers of managers or high-potential managers who want to enhance their leadership effectiveness to achieve organizational and career success. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 396301 | Expense |
| Grants | 51300 | Grants |
| Revenue | 345001 | Revenue |
| Description | Wisconsin School of Business outreach, including almumni meetings and events; this activity allows opportunities for the gathering of alumni at various locations to distribute information on programs and activities of the Wisconsin School of Business. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 147392 | Expense |
| Grants | 0 | Grants |
| Revenue | 308224 | Revenue |
| Description | Facility Rental | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 147392 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 308224 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 6761731 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 71 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 9 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | true | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ADAM BARNES | NamePerson |
| Telephone Number | 6084417339 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 UNIVERSITY AVENUE | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53715 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Reportable Comp From OrganizationReportableCompFromOrganization |
|---|---|---|---|---|---|---|
| Joseph Boucher | ||||||
| Secretary (July-Oct 2012) | 1.0 | X | X | 0 | 0 | |
| Tammy Thayer | ||||||
| President (July-Sept 2012) | 40.0 | X | X | 0 | 32258 | 224072 |
| Steve King | ||||||
| President (Oct 2012-June 2013) | 12.0 | X | X | 0 | 4490 | 32575 |
| Howard Carver | ||||||
| Director (July-Oct 2012) | 1.0 | X | 0 | 0 | ||
| Jennifer DeKrey | ||||||
| Director (July 2012-Feb 2013) | 1.0 | X | 0 | 0 | ||
| Brenda Furlow | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| David Gay | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| Jim Johannes | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| Karla Johnstone | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| Terry Maxwell | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| John Nelson | ||||||
| Director | 1.0 | X | 0 | 0 | ||
| Francois Ortalo-Mange | ||||||
| Director | 1.0 | X | ||||
| Blaine Renfert | ||||||
| Director | 1.0 | X | ||||
| Suzy Shain | ||||||
| Director (July 2012-Feb 2013) | 1.0 | X | ||||
| Alison Sparks-Johnson | ||||||
| Director | 1.0 | X | ||||
| Adam Barnes | ||||||
| Secretary; Dir. Of Fin & Acctg | 40.0 | X | 0 | 28746 | 95910 | |
| Jim Woodrum | ||||||
| VP and COO | 28.0 | X | 0 | 13564 | 70325 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 422882 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 79058 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | true | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ARAMARK | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 UNIVERSITY AVENUE | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 53715 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | FACILITY AGENCY | DescriptionOfServices |
| Compensation | 145341 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| CONFERENCE SERVICE | 611600 | 4768881 | 4464521 | 227428 | $76,932 |
| EDUC. PROGRAM FEES | 611600 | 1903586 | 1903586 | ||
| LUNCHEONS, MTGS, EVENTS | 611600 | 345001 | 345001 | ||
| OFFICE SPACE RENTALS | 611600 | 308224 | 308224 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7325692 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27420 | TotalRevenueColumn |
| Exclusion | $27,420 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 5219 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 5219 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5219 | TotalRevenueColumn |
| Exclusion | $5,219 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7358331 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7021332 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 227428 | UnrelatedBusinessRevenue |
| Exclusion | $109,571 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51300 | Total |
| Program Services | 51300 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 498884 | Total |
| Program Services | 359046 | ProgramServices |
| Management And General | 139838 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303016 | Total |
| Program Services | 227262 | ProgramServices |
| Management And General | 75754 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27201 | Total |
| Program Services | 20401 | ProgramServices |
| Management And General | 6800 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59757 | Total |
| Program Services | 44818 | ProgramServices |
| Management And General | 14939 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27180 | Total |
| Program Services | 20385 | ProgramServices |
| Management And General | 6795 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210603 | Total |
| Program Services | 210603 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3868 | Total |
| Management And General | 3868 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36010 | Total |
| Management And General | 36010 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2670595 | Total |
| Program Services | 2461976 | ProgramServices |
| Management And General | 208619 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144716 | Total |
| Program Services | 140043 | ProgramServices |
| Management And General | 4673 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48771 | Total |
| Program Services | 42997 | ProgramServices |
| Management And General | 5774 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50088 | Total |
| Program Services | 38866 | ProgramServices |
| Management And General | 11222 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40897 | Total |
| Program Services | 40897 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83847 | Total |
| Program Services | 76588 | ProgramServices |
| Management And General | 7259 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2708 | Total |
| Management And General | 2708 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 220423 | Total |
| Program Services | 216015 | ProgramServices |
| Management And General | 4408 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 795988 | Total |
| Program Services | 780068 | ProgramServices |
| Management And General | 15920 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134208 | Total |
| Program Services | 71595 | ProgramServices |
| Management And General | 62613 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CONTRACT SVCS/FOOD & DRINK | 1017128 | 1017128 | |
| UTILITIES | 367332 | 367332 | |
| PROGRAM/EVENT SERVICES | 235669 | 235610 | 59 |
| WBA EVENT | 141471 | 141471 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 265327 | Total |
| Program Services | 197330 | ProgramServices |
| Management And General | 67997 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7436987 | Total |
| Program Services | 6761731 | ProgramServices |
| Management And General | 675256 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5950 | BOY |
| EOY | 5950 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5136436 | BOY |
| EOY | 4658840 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 711738 | BOY |
| EOY | 938031 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9076 | BOY |
| EOY | 7675 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414196 | BOY |
| EOY | 428594 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 21543533 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10195822 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11231609 | BOY |
| EOY | 11347711 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14228 | BOY |
| EOY | 55233 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17523233 | BOY |
| EOY | 17442034 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 738383 | BOY |
| EOY | 1113516 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156563 | BOY |
| EOY | 239210 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12560323 | BOY |
| EOY | 12100000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13455269 | BOY |
| EOY | 13452726 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4067964 | BOY |
| EOY | 3989308 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4067964 | BOY |
| EOY | 3989308 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17523233 | BOY |
| EOY | 17442034 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -78656 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 80000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 40000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2050 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 122050 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7631300 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7197591 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7384660 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6283967 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7021332 | CurrentTaxYear |
| Total | 35518850 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 74500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 76932 | CurrentTaxYear |
| Total | 151432 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7711300 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7237591 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7386710 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6358467 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7098264 | CurrentTaxYear |
| Total | 35792332 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2513464 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2765342 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4080923 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3876990 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3385359 | CurrentTaxYear |
| Total | 16622078 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2513464 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2765342 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4080923 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3876990 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3385359 | CurrentTaxYear |
| Total | 16622078 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 19170254 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 66059 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 31340 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 39459 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 45497 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27420 | CurrentTaxYear |
| Total | 209775 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 66059 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 31340 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 39459 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 45497 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27420 | CurrentTaxYear |
| Total | 209775 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 2087 | CurrentTaxYear |
| Total | 2087 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7777359 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7268931 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7426169 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6403964 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7127771 | CurrentTaxYear |
| Total | 36004194 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.53244 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.56015 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00583 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01018 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17989635 | OtherCostOrOtherBasis |
| Depreciation | 7995393 | Depreciation |
| Book Value | 9994242 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 196957 | OtherCostOrOtherBasis |
| Depreciation | 21629 | Depreciation |
| Book Value | 175328 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1126925 | OtherCostOrOtherBasis |
| Depreciation | 730366 | Depreciation |
| Book Value | 396559 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2230016 | OtherCostOrOtherBasis |
| Depreciation | 1448434 | Depreciation |
| Book Value | 781582 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11347711 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 7233684 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 7233684 | RevenueSubtotal |
| Other Revenues Not Included | 124647 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 124647 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7358331 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7312340 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 7312340 | ExpensesSubtotal |
| Other Expenses Not Included | 124647 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 124647 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7436987 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Revenue included in Return, Not on financial statements | Schedule D, Part XI, Line 4b | 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 revenue of $124,647 is included on Form 990 Part VIII. |
| Expenses included in Return, Not on financial statements | Schedule D, Part XII, Line 4b | 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 $124,647 are included on Form 990 Part IX. |
| organization's financial statement footnote concerning fin 48 | schedule d, part x | The Center was formed as a non-profit organization without the issuance of stock. The Center has received a determination letter from the Internal Revenue Service dated May 21, 1975 stating that it is exempt from federal income tax under Section 501(c)(3) of the IRC. The Center conducts certain unrelated business activities that are subject to unrelated business income tax. The loss generated by the activities of the Center is deemed immaterial to the financial statements. 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, 2013 and 2012. The Company does not believe there is any uncertainty with respect to its tax positions which 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, 2013 and 2012. The Center files income tax returns in the United States federal jurisdiction and in the state of Wisconsin. Tax years open to examination by tax authorities under federal and state statute of limitations for the Center include fiscal years 2010 through 2013. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wisconsin School of Business | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 975 University Avenue | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53706 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 391805963 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 51300 | AmountOfCashGrant |
| Method Of Valuation | Cash | MethodOfValuation |
| Purpose Of Grant | Discretionary funds | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | University of Wisconsin System Contribution | Identifier |
| Return Reference | Schedule I, Part II, Line 1 | ReturnReference |
| Explanation | The contribution to the University of Wisconsin School of Business is a contribution to a qualified exempt organization. It is the mission of the organization, in part, to advance the Wisconsin School of Business and other academic units. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tammy Thayer | |||||||||||||
| President (July-Sept 2012) | 110643 | 0 | 36770 | 0 | 76659 | 0 | 20172 | 0 | 12086 | 0 | 256330 | 0 | 0 |
| Steve King | |||||||||||||
| President (Oct 2012-June 2013) | 32575 | 0 | 0 | 0 | 0 | 4490 | 0 | 37065 | 0 | 0 | |||
| Jim Woodrum | |||||||||||||
| VP and COO | 70325 | 0 | 0 | 0 | 0 | 13564 | 0 | 83889 | 0 | 0 | |||
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Non-Fixed Payments | Schedule J, Part I, Line 7 | Each executive position has a maximum incentive compensation percentage and specific goals that are set and communicated by the Compensation Committee to the executives annually. The Compensation Committee reviews executive performance against the goals set for the year and makes an incentive compensation recommendation within the pre-established range to the full Board for review and approval. The organization views incentive compensation as part of the executives' overall compensation package and feels that overall compensation is reasonable and comparable with other organizations. |
| Severance Payment | Schedule J, Part I, Line 4a | Tammy Thayer, who served as President of the organization, received a severance payment after her separation pursuant to a written agreement that was approved by the Board of Directors. The cash payments made to Ms. Thayer during the year ended June 30, 2013 totaled $69,822. |
| Compensation from unrelated organization | Form 990, Part VII and Schedule J, Part II | Steve King and Jim Woodrum are employees of the University of Wisconsin School of Business (School) who provided leadership to CASB during the 2013 fiscal year. CASB reimbursed the School for the portion of the compensation and benefits incurred while they were providing services to CASB. The Calendar 2012 amounts paid were: Steve King $31,065 Jim Woodrum $63,889 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Family or Business relationship | Form 990, Part VI, Section A, Line 2 | Francois Ortalo-Magne, the dean of the Wisconsin School of Business, is on the board. Several board members have an employment relationship with the Wisconsin School of Business. |
| Delegation of Control Over Management Duties | Form 990, Part VI, Section A, Line 3 | Center for Advanced Studies in Business, Inc. (CASB) has retained the services of a third party management company which manages day-to-day operations of the Fluno Center under the supervision of CASB. |
| Process the Organization Uses to Review Form 990 | Form 990, Part VI, Section B, Line 11A | CENTER FOR ADVANCED STUDIES IN BUSINESS, INC.'S (CASB) 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 FORM 990 IS FILED WITH THE IRS ON OR BEFORE THE MAY 15TH FILING DEADLINE. |
| Organization's Practices For Monitoring Conflicts Of Interest | 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, 2013, 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. |
| Process Of Determining Compensation Of Top Management And Other Officers | 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. |
| Documents Available to Public | 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. |
| OTHER FEES FOR SERVICES FOR NON-EMPLOYEES | FORM 990 PART IX LINE 11G | DESCRIPTION:FLUNO EXPENSES: STAFFING TOTAL FEES:1992066 |
| OTHER FEES FOR SERVICES FOR NON-EMPLOYEES | FORM 990 PART IX LINE 11G | DESCRIPTION:INSTRUCTOR TEACHING FEES TOTAL FEES:355391 |
| OTHER FEES FOR SERVICES FOR NON-EMPLOYEES | FORM 990 PART IX LINE 11G | DESCRIPTION:PROFESSIONAL CONSULTANTS TOTAL FEES:208619 |
| OTHER FEES FOR SERVICES FOR NON-EMPLOYEES | FORM 990 PART IX LINE 11G | DESCRIPTION:MISCELLANEOUS TOTAL FEES:114519 |