CENTER FOR ADVANCED STUDIES IN BUSINESS INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: CENTER FOR ADVANCED STUDIES IN BUSINESS INC (EIN 23-7447143)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-09
IRS object ID: 201123139349302952
Schema version: 2010v3.4
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
Form 990
Schedule A
Schedule D
Schedule F
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-09T15:45:40-06:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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)
Name Control	CENT	NameControl
Phone	6084417339	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	601 University Avenue	AddressLine1
City	Madison	City
State	WI	State
ZIP Code	53715	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TAMMY THAYER	Name
Title	PRESIDENT	Title
Date Signed	2011-10-28	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Ann M Petrie	Name
Phone	4142898200	Phone
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	TAMMY THAYER	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	7427163	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	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	12	NbrIndependentVotingMembers
Total Nbr Employees	15	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	119178	TotalGrossUBI
Net Unrelated Business Txbl Income	-22536	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	40000	ContributionsGrantsPriorYear
Contributions Grants Current Year	2050	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	7197591	ProgramServiceRevenuePriorYear
Program Service Revenue CY	7384660	ProgramServiceRevenueCY
Investment Income Prior Year	31340	InvestmentIncomePriorYear
Investment Income Current Year	40453	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	7268931	TotalRevenuePriorYear
Total Revenue Current Year	7427163	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	100000	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	772472	SalariesEtcPriorYear
Salaries Etc Current Year	852815	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	6418340	OtherExpensePriorYear
Other Expenses Current Year	6377428	OtherExpensesCurrentYear
Total Expenses Prior Year	7190812	TotalExpensesPriorYear
Total Expenses Current Year	7330243	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	78119	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	96920	RevenuesLessExpensesCY
Total Assets BOY	18761930	TotalAssetsBOY
Total Assets EOY	18349103	TotalAssetsEOY
Total Liabilities BOY	14586370	TotalLiabilitiesBOY
Total Liabilities EOY	14076623	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4175560	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4272480	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 Wisconsin 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	5175317	Expense
Grants	0	Grants
Revenue	4570428	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	1183534	Expense
Grants	0	Grants
Revenue	2199699	Revenue
Description	Continuing Education Programs - Full immersion educational programs conducted by the Center and also in the Wisconsin school of business and other academic units of the University (P.L.R. #98-24048). CASB custom program offerings extend to all functional areas and levels within an organization. CASB also ran a number of high-level open-enrollment courses including: - Directors' Summit, a unique look at current issues in corporate governance from the viewpoint of institutional investors; - Women's Executive Leadership Summit, equips women leaders with strategies and skills to create sustainable results and drive change and success in professional and personal life; and - 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	324305	Expense
Grants	0	Grants
Revenue	324305	Revenue
Description	Regional alumni meetings and events - 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	135369	Expense
Revenue	290228	Revenue
Description	RENTAL INCOME	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	135369	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	290228	TotalOfOtherProgramServiceRev
Total Program Service Expense	6818525	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
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	true	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	true	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
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	55	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	15	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	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	12	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
States Where Copy Of Return Is Filed	WI	StatesWhereCopyOfReturnIsFiled
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 (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
Joseph Boucher
Secretary	1.0	X	X	0	0	0
Mason Carpenter
Director	1.0	X		0	0	0
Howard Carver
Director	1.0	X		0	0	0
Lori Cross
Director	1.0	X		125000	0	0
Jennifer Dekrey
Director	1.0	X		0	0	0
David Gay
Director	1.0	X		0	0	0
Karla Johnstone
Director	1.0	X		0	0	0
Terry Maxwell
Director	1.0	X		0	0	0
Deborah Mitchell
Director	1.0	X		97500	0	0
Peggy O'Brien
Director	1.0	X		0	0	0
Blaine Renfert
Director	1.0	X		0	0	0
Larry Rittenberg
Director	1.0	X		0	0	0
Joan Schmit
Director	1.0	X		0	0	0
Tammy Thayer
President	40.0	X	X	163868	0	29843
Pat Winn
Director	1.0	X		0	0	0
Chad Margenau
VP of Finance/Operations	40.0		X	107699	0	27609

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	494067	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	57452	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ARAMARK
601 UNIVERSITY AVE	MADISON	WI	53715	facility agency	170816
Mindspan Consulting
26 Chequamegon Bay	MADISON	WI	53715	Instruction	125000

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
All Other Contributions	2050	AllOtherContributions
Total Contributions	2050	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
CONFERENCE SERVICE	611600	4570428	4451250	119178
EDUC. PROGRAM FEES	611600	2199699	2199699
LUNCHEONS,MTGS,EVENTS	611600	324305	324305
OFFICE SPACE RENTALS	611600	290228	290228

Field	Value	IRS element (for citing)
Total Program Service Revenue	7384660	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	39459	TotalRevenueColumn
Exclusion	$39,459	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

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	994	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	0	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	994	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	994	TotalRevenueColumn
Exclusion	$994	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	7427163	TotalRevenueColumn
Related Or Exempt Function Income	7265482	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	119178	UnrelatedBusinessRevenue
Exclusion	$40,453	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	100000	Total
Program Services	100000	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	216092	Total
Program Services	162069	ProgramServices
Management And General	54023	ManagementAndGeneral
Fundraising	0	Fundraising

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	431883	Total
Program Services	323912	ProgramServices
Management And General	107971	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	53875	Total
Program Services	40406	ProgramServices
Management And General	13469	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	105337	Total
Program Services	79003	ProgramServices
Management And General	26334	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	45628	Total
Program Services	34221	ProgramServices
Management And General	11407	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	164293	Total
Program Services	164293	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	2702	Total
Management And General	2702	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	33020	Total
Management And General	33020	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	2751910	Total
Program Services	2740790	ProgramServices
Management And General	11120	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	166272	Total
Program Services	159946	ProgramServices
Management And General	6326	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	48266	Total
Program Services	27437	ProgramServices
Management And General	20829	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	39768	Total
Program Services	1012	ProgramServices
Management And General	38756	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	68134	Total
Program Services	52837	ProgramServices
Management And General	15297	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	7868	Total
Management And General	7868	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	216310	Total
Program Services	211984	ProgramServices
Management And General	4326	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	714901	Total
Program Services	700603	ProgramServices
Management And General	14298	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	159034	Total
Program Services	96381	ProgramServices
Management And General	62653	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
CONTRACT SERVICES/FOOD & DRINK	1094911	1094911
UTILITIES	354288	354288
PROGRAM/EVENT SERVICES	187792	187792
MISCELLANEOUS	221232	192828	28404
PAYMENT IN LIEU OF TAX	105830	52915	52915

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	7330243	Total
Program Services	6818525	ProgramServices
Management And General	511718	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	5120707	BOY
EOY	5375197	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1043981	BOY
EOY	862004	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	6119	BOY
EOY	7023	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	404109	BOY
EOY	410476	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	21212713	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	9554622	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	12134566	BOY
EOY	11658091	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	46498	BOY
EOY	30362	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	18761930	BOY
EOY	18349103	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1050114	BOY
EOY	1024951	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	13536256	BOY
EOY	13051672	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	14586370	BOY
EOY	14076623	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4175560	BOY
EOY	4272480	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4175560	BOY
EOY	4272480	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	18761930	BOY
EOY	18349103	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	96920	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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	40000	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	40000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	80000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	40000	CurrentTaxYearMinus1Year
Current Tax Year	2050	CurrentTaxYear
Total	202050	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	9205632	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	9026262	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7631300	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	7197591	CurrentTaxYearMinus1Year
Current Tax Year	7384660	CurrentTaxYear
Total	40445445	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	9245632	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	9066262	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7711300	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	7237591	CurrentTaxYearMinus1Year
Current Tax Year	7386710	CurrentTaxYear
Total	40647495	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
Current Tax Year Minus1 Year	0	CurrentTaxYearMinus1Year
Current Tax Year	0	CurrentTaxYear
Total	0	Total

Amts From Subst Contributors AmtsFromSubstContributors

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3447015	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3154703	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2513464	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2765342	CurrentTaxYearMinus1Year
Current Tax Year	4080923	CurrentTaxYear
Total	15961447	Total

Support From DQ Ps Etc SupportFromDQPsEtc

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3447015	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3154703	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2513464	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2765342	CurrentTaxYearMinus1Year
Current Tax Year	4080923	CurrentTaxYear
Total	15961447	Total

Field	Value	IRS element (for citing)
Public Support Total509	24686048	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	217784	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	205843	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	66059	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	31340	CurrentTaxYearMinus1Year
Current Tax Year	39459	CurrentTaxYear
Total	560485	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	217784	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	205843	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	66059	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	31340	CurrentTaxYearMinus1Year
Current Tax Year	39459	CurrentTaxYear
Total	560485	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	9463416	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	9272105	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7777359	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	7268931	CurrentTaxYearMinus1Year
Current Tax Year	7426169	CurrentTaxYear
Total	41207980	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.59906	PublicSupportPercentage509
Prior Year Support Percentage	0.63097	PriorYearSupportPercentage
Investment Income Percentage	0.01360	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.01614	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
Land		Land

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	17989635	OtherCostOrOtherBasis
Depreciation	6796083	Depreciation
Book Value	11193552	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	133348	OtherCostOrOtherBasis
Depreciation	11612	Depreciation
Book Value	121736	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1250569	OtherCostOrOtherBasis
Depreciation	1102771	Depreciation
Book Value	147798	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1839161	OtherCostOrOtherBasis
Depreciation	1644156	Depreciation
Book Value	195005	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	11658091	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability
Total Of Amounts	0	TotalOfAmounts
Total Revenue	7427163	TotalRevenue
Total Expenses	7330243	TotalExpenses
Excess Or Deficit For Year	96920	ExcessOrDeficitForYear
Excess Or Deficit Per FS	96920	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	7312597	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	7312597	RevenueSubtotal
Other Revenues Not Included	114566	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	114566	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	7427163	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	7215677	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	7215677	ExpensesSubtotal
Other Expenses Not Included	114566	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	114566	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	7330243	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Revenue 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 revenue of $114,566 is included on Form 990 Part VIII.
Expenses included in Return, Not on financial statements	Schedule D, Part XIII, 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 $114,566 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 that date. 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. If applicable, the Center recognizes interest accrued related to unrecognized tax benefits in interest expense and recognizes penalties in operating 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, 2011 and 2010. 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 statue of limitations for the Center include fiscal years 2008 through 2011.

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)

RegionRegion	Number Of OfficesNumberOfOffices	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Middle East and North Africa	0	0	Program Services	Continuing Education	48226
Europe (Including Iceland and Greenland)	0	0	Program Services	Continuing Education	8223

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	0	SubtotalNumberOfEmployees
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Subtotal Amount Spent	56449	SubtotalAmountSpent
Total Amount Spent	56449	TotalAmountSpent
Transfer To Foreign Corp	false	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	false	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Schedule I IRS990ScheduleI

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	University of Wisconsin System	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	n/a	IRCSection
Amount Of Cash Grant	100000	AmountOfCashGrant
Amount Of Non Cash Assistance	0	AmountOfNonCashAssistance
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
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

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. As it is not a grant, no monitoring is necessary.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	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

Field	Value	IRS element (for citing)
Name Person	Tammy Thayer	NamePerson
Base Compensation Filing Org	128394	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	20218	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	15256	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	18358	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	11485	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	193711	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Non-Fixed Payments	Identifier
Return Reference	Schedule J, Part I, Line 7	ReturnReference
Explanation	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.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	Lori Cross	NamePerson

Field	Value	IRS element (for citing)
Relationship	DIRECTOR	Relationship
Amount Of Transaction	125000	AmountOfTransaction
Description Of Transaction	Program Instruction	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Family or Business relationship	Form 990, Part VI, Section A, Line 2	Larry Rittenburg and Karla Johnstone co-authored an auditing textbook and share royalties based upon textbook sales.
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 prior to the fall board of directors meeting. The audit committee performed a detailed review of the Form 990 prior to the board meeting. At the board meeting, held october 17, 2011, the agenda included discussion of questions or concerns regarding the information contained in 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 November 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, 2011, 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.
Director Compensation Reported in Column D of Part VII	Form 990, Part VII, Section A, Column D	Of Director Deborah Mitchell's compensation as noted in column D, $97,500 was paid for services as an instructor. Of Director Lori Cross's compensation as noted in column D, $125,000 was paid for services as an instructor. Of Director & Officer Tammy Thayer's compensation as noted in column D, $8,000 was paid for services as an instructor. Of Director Chad Margenau's compensation as noted in column D, $1,120 was paid for consulting services after his employment ended.