2011-05-16T11:32:33-05:00 2010-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2009-07-01 421672476 DUKE CORPORATE EDUCATION DUKE 9196805000 310 BLACKWELL STREET DURHAM NC 27701 BARBARA FRICK 2011-05-12 true 3362753394 2009 2016-02-24 21:20:13Z KIM TAYLOR-THOMPSON CEO 310 BLACKWELL STREET DURHAM NC 27701 29833648 false X WWW.DUKECE.COM X 2000 NC THE COMPANY PROVIDES EDUCATIONAL SERVICES TO CORPORATIONS IN FURTHERANCE OF DUKE UNVIVERSITY'S MISSION OF PROVIDING EDUCATION. 5 0 112 0 0 0 0 0 44822581 25841601 300956 325265 1887663 3359978 47011200 29526844 0 0 0 0 15974404 16182293 0 0 0 33134662 19183523 49109066 35365816 -2097866 -5838972 19483734 19497926 20884328 26591236 -1400594 -7093310 THE COMPANY IS THE FOREMOST GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELPS ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE COMPANY WAS CREATED TO PROVIDE INTENSIVELY CUSTOMIZED CORPORATE EDUCATION SERVICES FOCUSED ON ADDRESSING BUSINESS CHALLENGES. THE COMPANY FOCUSES EDUCATION ON WHAT THE CLIENT'S PEOPLE NEED TO KNOW, DO AND BELIEVE IN ORDER TO ADDRESS CURRENT OR ANTICIPATED CHALLENGES AND ATTAIN SPECIFIC BUSINESS OBJECTIVES. false false 27369487 0 29201579 THE ORGANIZATION IS A NORTH CAROLINA NONPROFIT CORPORATION WHICH IS A TYPE 1 SUPPORTING ORGANIZATION FOR DUKE UNIVERSITY, A NORTH CAROLINA NONPROFIT CORPORATION THAT HAS BEEN RECOGNIZED AS BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE. THE ORGANIZATION IS THE SUCCESSOR BY MERGER WITH DUKE CE, WHICH WAS EFFECTIVE AT 11:59:59 PM ON JUNE 30, 2005. THE ORGANIZATION, THROUGH ITS CORPORATE AFFILIATES, IS A GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELP ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE ORGANIZATION HELPS ITS CLIENTS IMPLEMENT THEIR STRATEGIES THROUGH DEVELOPMENT OF THEIR PEOPLE. THE ORGANIZATION FOCUSES EDUCATION ON WHAT THE CLIENT'S PEOPLE NEED TO KNOW, DO AND BELIEVE IN ORDER TO ADDRESS CURRENT OR ANTICIPATED CHALLENGES, AND ATTAIN SPECIFIC BUSINESS OBJECTIVES. THE ORGANIZATION DIFFERS FROM A TRADITIONAL BUSINESS SCHOOL OR PROFESSIONAL SERVICES FIRM IN THAT THE ORGANIZATION IS NOT DEPENDENT ON THE ORGANIZATION'S OR THE UNIVERSITY'S FACULTY. TO MEET THE BROAD RANGE OF NEEDS THE ORGANIZATION'S CLIENTS BRING TO IT, THE ORGANIZATION DRAWS IN QUALITY FACULTY FROM NUMEROUS BUSINESS SCHOOLS. THE ORGANIZATION ALSO LEVERAGES NON-FACULTY EDUCATORS SUCH AS COACHES, FACILITATORS, INDUSTRY EXPERTS, RETIRED EXECUTIVES, ACTORS AND OTHERS COMMITTED TO HIGH QUALITY CUSTOMIZED EDUCATION. THE ORGANIZATION CAN DELIVER SMALL OR VERY LARGE SCALE PROGRAMS, IN MANY ITERATIONS, IN SEVERAL LANGUAGES, COVERING A FEW TO THOUSANDS OF PARTICIPANTS, WITH COMPLEX LOGISTICAL REQUIREMENTS, ANYWHERE IN THE WORLD. THE ORGANIZATION USES ITS NETWORK AND ITS AFFILIATION WITH UNIVERSITIES TO PROVIDE ITS CLIENTS A LOCAL DELIVERABLE WITH GLOBAL CONSISTENCY. THE ORGANIZATION, THROUGH ITS PREDECESSOR DUKE CE, HAS DELIVERED EDUCATIONAL PROGRAMS AT NUMEROUS SITES IN APPROXIMATELY 40 DIFFERENT COUNTRIES. 27369487 true false false false false false false false false true false true false false true false false false false false false false false true false false false false false false false false false false false false true true true false false true 96 0 true 112 true false true UK IN SF false false false false false false false true true false 5 0 true false false false false true false true true false false true true true true true true true true true false X X BARBARA M FRICK 9196805000 310 BLACKWELL STREET DURHAM NC 27701 KIM TAYLOR THOMPSON 40.0 X X 461486 0 37320 JUDITH ROSENBLUM 40.0 X 392800 0 41590 PETER LANGE 1.0 X X 0 505164 36909 JOHN PAYNE 1.0 X 0 350597 44957 BLAIR SHEPPARD 1.0 X X 0 491842 30128 TALLMAN TRASK 1.0 X 0 532672 44951 DENNIS LOUGHRIDGE 40.0 X 314333 0 31190 MICHAEL CANNING 40.0 X 420541 0 27521 BARBARA FRICK 40.0 X 199917 0 26818 LEAH HOUDE 40.0 X 245099 0 29871 GREGORY MARCHI 40.0 X 509405 0 36225 ROBERT REINHEIMER 40.0 X 425395 0 42438 JOHN MALITORIS 40.0 X 392268 0 40740 GIL MCWILLIAM 40.0 X 387009 0 37916 DENNIS BALTZLEY 40.0 X 385556 0 17267 DOUGLAS BREEDEN 0.0 X 0 333795 46861 4133809 2214070 572702 55 true true false KNOWLEDGE LAUNCH LLC PO BOX 10066 KNOXVILLE TN 37939 EDUCATIONAL SERVICES 660456 GORDON HEWITT CONSULTANCY PO BOX 428 OLD BANK CHAMBERS GRAND RUE, GUERNSEY CHANNEL ISLANDS UK GY1 3WZ EDUCATIONAL SERVICES 471735 DELOITTE TAX LLP PO BOX 2079 CAROL STREAM IL 60132 CONSULTING 542031 EXECUTIVE PERSPECTIVES 10615 DELFIELD COURT LAUREL MD 20723 EDUCATIONAL SERVICES 352842 SHEHZAD MIAN 904 HERITAGE PLACE DECATUR GA 30033 EDUCATIONAL SERVICES 329740 31 0 CORPORATE EDUCATION 611600 23366383 23366383 SUPPORTING SERVICE 611710 2475218 2475218 25841601 325265 325265 0 0 321192 306804 14388 14388 14388 0 0 0 0 FINDER FEES 900099 12594 12594 CORPORATE SUPPORT 900099 2909496 2909496 EDUCATIONAL SERVICES 900099 419964 419964 3536 3536 3345590 29526844 29201579 0 325265 0 0 0 0 2225466 682111 1543355 0 12070146 8755945 3314201 508968 412264 96704 689869 558794 131075 687844 557154 130690 764072 534850 229222 202052 202052 364681 364681 0 0 0 6640596 6640596 78776 28838 49938 1730617 1532742 197875 759199 531439 227760 3618653 3618653 886151 611400 274751 2514212 2062446 451766 0 54073 54073 32530 32530 0 913049 639134 273915 169132 169132 CURRENCY CONVERSION 213780 213780 NET TAX REFUND -47403 -10659 -36744 MAINTENANCE 289353 289353 35365816 27369487 7996329 0 788266 1027922 8269699 7206833 976377 911337 7532770 6014887 2147182 1517883 879161 1041071 104737 6423049 7688143 19483734 19497926 19197245 21907359 1237083 208877 450000 4475000 20884328 26591236 X -1400594 -7093310 -1400594 -7093310 19483734 19497926 X true true false X false X X X X false false false DUKE UNIVERSITY 560532129 02 true true true 1178801 1 1178801 895725 473305 422420 5441016 4391175 1049841 1196029 1150407 45622 1517883 MARKETABLE SECURITIES 1041071 F 1041071 INVESTMENT IN DCE LTD 8 INVESTMENT IN DCE INDIA PRIV 148158 INVESTMENT IN DCE LS INC 1463266 INVESTMENT IN DCE RSA 14 SWAP INVESTMENT -807001 INTERCOMPANY RECEIVABLE 6883698 7688143 FINANCIAL STATEMENTS AUDIT FORM 990, PT IV, LN 12, PT XI, LN 2B AND SCHED D, PTS XI, XII, AND XIII DUKE CORPORATE EDUCATION IS INCLUDED IN A CONSOLIDATED ANNUAL FINANCIAL STATEMENTS AUDIT, IN ACCORDANCE WITH GAAP, PREPARED BY AN INDEPENDENT AUDITOR. PURSUANT TO THE 2009 FORM 990 INSTRUCTIONS, DUKE CORPORATE EDUCATION HAS ELECTED NOT TO COMPLETE PARTS XI-XIII OF SCHEDULE D. Sub-Saharan Africa 0 0 Program Services CUSTOM CORP EDUC SER 8968 South Asia 0 0 Program Services CUSTOM CORP EDUC SER 55119 Europe (Including Iceland and Greenland) 0 0 Program Services CUSTOM CORP EDUC SER 1446951 East Asia and the Pacific 0 0 Program Services CUSTOM CORP EDUC SER 822522 Middle East and North Africa 0 0 Program Services CUSTOM CORP EDUC SER 1687930 North America 0 0 Program Services CUSTOM CORP EDUC SER 939339 South America 0 0 Program Services CUSTOM CORP EDUC SER 25623 Sub-Saharan Africa Investments Europe (Including Iceland and Greenland) Investments South Asia Investments 0 0 4986452 X X true true X X X X X X false true false true false false false true false KIM TAYLOR THOMPSON 439486 0 0 0 22000 0 23500 0 15784 0 500770 0 0 0 DENNIS LOUGHRIDGE 294047 0 0 0 20286 0 20575 0 12579 0 347487 0 0 0 MICHAEL CANNING 404041 0 0 0 16500 0 16500 0 11801 0 448842 0 0 0 BARBARA FRICK 166741 0 0 0 33176 0 12945 0 16945 0 229807 0 0 0 JUDITH ROSENBLUM 358109 0 0 0 34691 0 123500 0 21162 0 537462 0 0 0 LEAH HOUDE 228599 0 0 0 16500 0 16227 0 16715 0 278041 0 0 0 GREGORY MARCHI 459586 0 0 0 49819 0 17938 0 20357 0 547700 0 0 0 ROBERT REINHEIMER 403398 0 0 0 21997 0 21463 0 25103 0 471961 0 0 0 JOHN MALITORIS 370268 0 0 0 22000 0 23500 0 20311 0 436079 0 0 0 GIL MCWILLIAM 365009 0 0 0 22000 0 21475 0 19180 0 427664 0 0 0 PETER LANGE 0 488664 0 0 0 16500 0 30128 0 7717 0 543009 0 0 JOHN PAYNE 0 285664 0 64933 0 0 0 30128 0 15367 0 396092 0 0 BLAIR SHEPPARD 0 475342 0 0 0 16500 0 30128 0 910 0 522880 0 0 TALLMAN TRASK 0 516172 0 0 0 16500 0 30128 0 15813 0 578613 0 0 DOUGLAS BREEDEN 0 317295 0 0 0 16500 0 30128 0 17333 0 381256 0 0 DENNIS BALTZLEY 385556 0 0 0 0 0 0 0 20351 0 405907 0 0 0 TAX INDEMNIFICATION AND HOUSING ALLOWANCE SCHEDULE J, PART I, LINE 1A GREGORY MARCHI RECEIVED A HOUSING ALLOWANCE AS DEFINED IN DUKE CORPORATE EDUCATION'S WRITTEN EXPATRIATION POLICY. JUDITH ROSENBLUM, GREGORY MARCHI AND BARBARA FRICK RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS AS DEFINED IN DUKE CORPORATE EDUCATION'S WRITTEN TUITION BENEFIT POLICY. THESE AMOUNTS HAVE BEEN INCLUDED AS TAXABLE COMPENSATION TO THE RECIPIENTS. COMPENSATION OF CEO SCHEDULE J, PART I, LINE 3 The salary for the CEO was reviewed and approved by a compensation committee, based on guidelines developed by an independent compensation consultant, utilizing a compensation survey and Forms 990 of other organizations. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE FOLLOWING INDIVIDUAL PARTICIPATED IN AND RECEIVED PAYMENTS UNDER A DEFERRED COMPENSATION PLAN DESCRIBED UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE: JUDITH ROSENBLUM $100,000 SUCH AMOUNTS WERE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS DEFINED UNDER IRC SECTION 457(F). COMPENSATION CONTINGENT ON THE ORGANIZATION SCHEDULE J, PART I, LINE 5A AND LINE 7 THE BOARD OF DUKE CORPORATE EDUCATION HAS APPROVED A LONG TERM INCENTIVE PLAN. THE PURPOSE OF THE PLAN IS TO REWARD EMPLOYEES BASED UPON DUKE CORPORATE EDUCATION'S SUCCESS, AS MEASURED BY CERTAIN FINANCIAL AND NON-FINANCIAL MEASURES. business relationships FORM 990, PART vi, LINE 2 TALLMAN TRASK, PETER LANGE, JOHN PAYNE, AND BLAIR SHEPPARD HAVE A BUSINESS RELATIONSHIP. ELECTING MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, LINE 7 DUKE CORPORATE EDUCATION'S BOARD CONSISTS OF THE CHIEF ACADEMIC OFFICER OF DUKE UNIVERSITY, THE CHIEF BUSINESS OFFICER OF DUKE UNIVERSITY, THE DEAN OF THE DUKE UNIVERSITY FUQUA SCHOOL OF BUSINESS, THE CHIEF EXECUTIVE OFFICER OF DUKE CORPORATE EDUCATION AND THREE ADDITIONAL DIRECTORS, ONE NOMINATED BY THE BOARD OF DIRECTORS OF DUKE CORPORATE EDUCATION AND ELECTED BY THE BOARD OF TRUSTEES OF DUKE UNIVERSITY, ONE NOMINATED BY THE DEAN OF THE DUKE UNIVERSITY FUQUA SCHOOL OF BUSINESS AND ELECTED BY THE BOARD OF TRUSTEES OF DUKE UNIVERSITY, AND ANOTHER NOMINATED BY THE CHIEF EXECUTIVE OFFICER OF DUKE CORPORATE EDUCATION AND ELECTED BY THE BOARD OF THE TRUSTEES OF DUKE UNIVERSITY. A VACANCY OCCURRING IN THE BOARD OF DIRECTORS RESULTING FROM AN INCREASE IN THE NUMBER OF DIRECTORS SHALL BE FILLED BY A PERSON NOMINATED BY THE BOARD OF DIRECTORS AND ELECTED BY THE BOARD OF TRUSTEES OF DUKE UNIVERSITY. PROVIDING 990 TO GOVERNING BODY FORM 990, PART VI, LINE 11 DUKE CORPORATE EDUCATION'S INDEPENDENT ACCOUNTANT PREPARED THE CURRENT YEAR TAX RETURN AND THIS WAS REVIEWED PRIOR TO FILING BY DUKE CORPORATE EDUCATION'S MANAGEMENT AND BOARD. A COPY OF THE FINAL FORM 990 WAS PROVIDED TO DUKE CORPORATE EDUCATION BOARD OF DIRECTORS PRIOR TO FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12 Duke Corporate Education has a written conflict of interest policy and request all officers, directors, key employees, and board members to annually disclose any possible conflicts of interest. Any instanceS of possible conflict of interests are reviewed and resolved by the board. WHISTLEBLOWER POLICY FORM 990, PART VI, LINE 13 Duke Corporate Education does have a whistleblower policy that was adopted May 27, 2010, which is available on the company's internal website. DOCUMENT RETENTION AND DESTRUCTION FORM 990, PART VI, LINE 14 Duke Corporate Education does have a WRITTEN RECORDS RETENTION policy that was adopted May 27, 2010. COMPENSATION REVIEW AND APPROVAL FORM 990, PART VI, LINE 15 The salarIES for the CEO, key employees, and officers were reviewed and approved by a compensation committee, with the assistance of an independent compensation consultant, UTILIZING a compensation survey AND FORMS 990 OF OTHER ORGANIZATIONS. JOINT VENTURE FORM 990, PART VI, LINE 16 DUKE CORPORATE EDUCATION HAS ANNUAL STATUTORY AUDITS OF AFFILIATED TAXABLE ENTITIES IN AN EFFORT TO ENSURE THAT THE ACTIVITIES OF THE AFFILIATES FURTHER THE DUKE CORPORATE EDUCATION'S EXEMPT PURPOSE AND DO NOT JEOPARDIZE THE ORGANIZATION'S EXEMPT STATUS. DISCLOSURE TO PUBLIC FORM 990, PART VI, LINE 19 Duke Corporate Education's documents (Articles of Incorporation and any subsequent amendments or restatements) are available to the public on the North Carolina Secretary of State website. Duke Corporate Education makes its conflict of interest policy available to the public upon request. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC BECAUSE THE BALANCE SHEET AND INCOME STATEMENT ARE ALREADY INCLUDED ON THE FORM 990. AMOUNT OF TIME SPENT FOR RELATED ORGANIZATIONS FORM 990, PART VII THE FOLLOWING OFFICERS AND DIRECTORS SPEND APPROXIMATLEY 40 HOURS PER WEEK ENGAGED IN ACTIVITIES FOR DUKE UNIVERSITY (A RELATED ORGANIZATION): PETER LANGE JOHN PAYNE BLAIR SHEPPARD TALLMAN TRASK III DOUGLAS BREEDEN OTHER FEES FOR SERVICE FORM 990, PART IX, LINE 11G THE ORGANIZATION DRAWS IN QUALITY FACULTY FROM NUMEROUS BUSINESS SCHOOLS. THE ORGANIZATION ALSO LEVERAGES NON-FACULTY EDUCATORS SUCH AS COACHES, FACILITATORS, INDUSTRY EXPERTS, RETIRED EXECUTIVES, ACTORS AND OTHERS COMMITTED TO HIGH QUALITY CUSTOMIZED EDUCATION. THE AMOUNT OF EXPENSES REPORTED ON LINE 11G IS RELATED TO THE COST TO OBTAIN THE SERVICES OF THESE PREMIER, INTERNATIONALLY DIVERSE EDUCATORS. FINANCIAL STATEMENTS AUDIT FORM 990, PART XI, LINE 2 DUKE CORPORATE EDUCATION'S SEPARATE FINANCIAL STATEMENTS ARE COMPILED BY AN INDEPENDENT ACCOUNTANT. ADDITIONALLY, DUKE CORPORATE EDUCATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT AUDIT OF DUKE UNIVERSITY. 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