2011-11-09T15:45:40-06:00 2011-06-30 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2010-07-01 237447143 Center for Advanced Studies in Business Inc CENT 6084417339 601 University Avenue Madison WI 53715 TAMMY THAYER 2011-10-28 true Ann M Petrie 4142898200 X 2010 2016-03-07 17:11:31Z TAMMY THAYER 601 University Avenue Madison WI 53715 7427163 false X HTTP://EXED.WISC.EDU/ X 1974 WI 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. 15 12 15 0 119178 -22536 40000 2050 7197591 7384660 31340 40453 0 0 7268931 7427163 0 100000 0 0 772472 852815 0 0 0 6418340 6377428 7190812 7330243 78119 96920 18761930 18349103 14586370 14076623 4175560 4272480 X 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. false false 5175317 0 4570428 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. 1183534 0 2199699 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. 324305 0 324305 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. 135369 290228 RENTAL INCOME 135369 0 290228 6818525 true false false false false false false false false true false false false false true true false false false true false false false false false false true false true false false false false false true false false false false false false false false false false false false true 55 0 15 true true true false false false false false false false false false X 15 12 true true false false false false false true true false false true true true true true true true true false WI X ADAM BARNES 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 Joseph Boucher 1.0 X X 0 0 0 Mason Carpenter 1.0 X 0 0 0 Howard Carver 1.0 X 0 0 0 Lori Cross 1.0 X 125000 0 0 Jennifer Dekrey 1.0 X 0 0 0 David Gay 1.0 X 0 0 0 Karla Johnstone 1.0 X 0 0 0 Terry Maxwell 1.0 X 0 0 0 Deborah Mitchell 1.0 X 97500 0 0 Peggy O'Brien 1.0 X 0 0 0 Blaine Renfert 1.0 X 0 0 0 Larry Rittenberg 1.0 X 0 0 0 Joan Schmit 1.0 X 0 0 0 Tammy Thayer 40.0 X X 163868 0 29843 Pat Winn 1.0 X 0 0 0 Chad Margenau 40.0 X 107699 0 27609 494067 0 57452 3 false true false ARAMARK 601 UNIVERSITY AVE MADISON WI 53715 facility agency 170816 Mindspan Consulting 26 Chequamegon Bay MADISON WI 53715 Instruction 125000 2 2050 2050 CONFERENCE SERVICE 611600 4570428 4451250 119178 EDUC. PROGRAM FEES 611600 2199699 2199699 LUNCHEONS,MTGS,EVENTS 611600 324305 324305 OFFICE SPACE RENTALS 611600 290228 290228 7384660 39459 39459 0 0 994 0 994 994 994 0 0 0 0 7427163 7265482 119178 40453 100000 100000 0 0 0 216092 162069 54023 0 0 431883 323912 107971 53875 40406 13469 105337 79003 26334 45628 34221 11407 164293 164293 2702 2702 33020 33020 0 0 0 2751910 2740790 11120 166272 159946 6326 48266 27437 20829 39768 1012 38756 0 40897 40897 68134 52837 15297 0 7868 7868 216310 211984 4326 0 714901 700603 14298 159034 96381 62653 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 7330243 6818525 511718 0 5950 5950 5120707 5375197 1043981 862004 6119 7023 404109 410476 21212713 9554622 12134566 11658091 46498 30362 18761930 18349103 1050114 1024951 13536256 13051672 14586370 14076623 X 4175560 4272480 4175560 4272480 18761930 18349103 96920 X false true true X false X 40000 40000 80000 40000 2050 202050 9205632 9026262 7631300 7197591 7384660 40445445 9245632 9066262 7711300 7237591 7386710 40647495 0 0 0 0 0 0 3447015 3154703 2513464 2765342 4080923 15961447 3447015 3154703 2513464 2765342 4080923 15961447 24686048 217784 205843 66059 31340 39459 560485 217784 205843 66059 31340 39459 560485 9463416 9272105 7777359 7268931 7426169 41207980 0.59906 0.63097 0.01360 0.01614 X 17989635 6796083 11193552 133348 11612 121736 1250569 1102771 147798 1839161 1644156 195005 11658091 0 0 7427163 7330243 96920 96920 7312597 7312597 114566 114566 7427163 7215677 7215677 114566 114566 7330243 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. Middle East and North Africa 0 0 Program Services Continuing Education 48226 Europe (Including Iceland and Greenland) 0 0 Program Services Continuing Education 8223 0 0 0 0 56449 56449 false false false false false false University of Wisconsin System 975 University Avenue MADISON WI 53706 391805963 n/a 100000 0 cash Discretionary Funds 1 0 University of Wisconsin System Contribution Schedule I, Part II, Line 1 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. X X X X false false false false false false false true false Tammy Thayer 128394 0 20218 0 15256 0 18358 0 11485 0 193711 0 0 0 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. Lori Cross DIRECTOR 125000 Program Instruction false 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.