2013-05-08T13:05:06-05:00 2012-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2011-07-01 264646019 KELLEY EXECUTIVE EDUCATION FOUNDATION INC % JEFFREY UNDERWOOD KELL 8665375236 1275 E 10TH STREET BLOOMINGTON IN 47405 SAMUEL SMITH 2013-05-15 true Joyce A Dulworth 2604604000 2011 2016-02-25 16:41:14Z KELLEY EXECUTIVE PARTNERS SAMUEL D SMITH 1275 E 10TH STREET BLOOMINGTON IN 474051703 5493703 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. 6 3 13 0 0 0 6346140 5492884 15117 819 0 0 6361257 5493703 1200000 0 0 0 974294 1212914 0 0 0 3772717 4617239 5947011 5830153 414246 -336450 1188612 1168299 259001 575138 929611 593161 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 4192372 0 5492884 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. 4192372 true false false false false false false false false false false false false false false false true false false true true 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 false false true 101 0 true 13 true false false false false false false false false false false X 6 3 false false false false false true false true false false true true true true true true true true false IN X JEFFREY UNDERWOOD 8128550229 1275 E 10TH STREET SUITE 3070 BLOOMINGTON IN 47405 Munirpallem Venkataramanan 1.0 X X 27000 0 0 Franklin Acito 1.0 X X 68761 0 0 Samuel Smith CPA 40.0 X X 145681 0 55052 Dr Patricia McDougall 1.0 X 7500 0 0 Arlen Langvardt 1.0 X 6750 0 0 Diana Dupree 1.0 X X 0 0 0 John Cady 40.0 X 153438 0 8748 Rich Magjuka 1.0 X 124000 0 0 533130 0 63800 3 false true false 0 0 EXECUTIVE DEVELOPMENT PROGRAM REVENUE 611430 5492884 5492884 5492884 819 819 0 0 0 0 0 0 0 5493703 5492884 819 0 0 0 0 238131 24540 213591 0 0 666333 68668 597665 0 79286 8542 70744 0 193611 206 193405 0 35553 23702 11851 0 450 450 0 0 9449 0 9449 0 32993 0 32993 0 0 0 0 2462055 2241974 220081 0 20249 17901 2348 0 303349 238251 65098 0 131036 3228 127808 0 0 0 1624230 1562404 61826 0 0 9405 0 9405 0 0 0 0 17626 0 17626 0 MISCELLANEOUS 3891 0 3891 0 ENTERTAINMENT 2506 2506 0 0 5830153 4192372 1637781 0 0 0 824656 175325 0 0 297019 925482 0 0 0 0 0 0 23268 29566 43669 37926 0 0 0 0 0 0 0 0 0 0 0 1188612 1168299 259001 465983 0 0 0 109155 0 0 0 0 0 0 0 0 0 0 0 0 259001 575138 X 929611 593161 0 0 0 0 929611 593161 1188612 1168299 -336450 X false true true X false X 3532190 6346140 5492884 15371214 162000 105000 181000 448000 3694190 6451140 5673884 15819214 15819214 22173 15117 819 38109 22173 15117 819 38109 3716363 6466257 5674703 15857323 X 5493703 5830153 -336450 -336450 5674703 181000 181000 5493703 5493703 6011153 181000 181000 5830153 5830153 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XII, LINE 2B: USE OF FACILITIES: $181,000 PART XIII, LINE 2A: USE OF FACILITIES: $181,000 South Asia 0 6 Program Services LEADERSHIP DEVELOPMENT 52647 East Asia and the Pacific 0 2 Program Services LEADERSHIP DEVELOPMENT 42395 Europe (Including Iceland and Greenland) 0 7 Program Services LEADERSHIP DEVELOPMENT 110792 0 15 0 15 205834 205834 false false false false false false X false false false false false false false false false Samuel Smith CPA 145681 0 0 0 0 0 24336 0 30716 0 200733 0 0 0 John Cady 153438 0 0 0 0 0 8542 0 206 0 162186 0 0 0 GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI: QUESTION 1A: THE DEAN OR THEIR DESIGNATED DIRECTOR HAS 50% OF THE VOTING SHARE AND THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS HAVE THE OTHER 50% OF THE VOTING SHARE. QUESTION 1B: MUNIRPALLEM VENKATARAMANAN 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 DEPUTY DIRECTOR AND CFO, THE DIRECTOR OF FINANCE AND ADMINISTRATION, 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: SAMUEL SMITH'S (TREASURER) EMPLOYEE COMPENSATION WAS DETERMINED THROUGH AN INDEPENDENT REVIEW BY THE INDIANA UNIVERSITY HUMAN RESOURCES DEPARTMENT USING THEIR PAY AND CLASSIFICATION PROCESS. KELLEY EXECUTIVE EDUCATION FOUNDATION, INC. (KEEFI) REIMBURSED INDIANA UNIVERSITY FOR HIS WAGES THROUGH APRIL 2, 2012. HE WAS PAID DIRECTLY BY KEFFI FROM THAT POINT FORWARD AND HIS SALARY TRANSFERRED OVER FROM INDIANA UNIVERSITY. JOHN CADY WAS PAID AS AN EMPLOYEE BY KEFFI AND HIS COMPENSATION WAS DETERMINED BY CONTRACT. QUESTION 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST.