2020-06-24T09:30:33-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2018-07-01 237447143 CENTER FOR ADVANCED STUDIES IN BUSINESS INC CENT 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA PRESIDENT 6084417339 2020-06-23 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2020-06-23 67.137.57.251 2020-06-23 13:40:55 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 28E92F88E5E5D07B57EDDC0F1367E570EA54457C 2018 2020-11-06 18:47:13Z JON KAUPLA 601 UNIVERSITY AVENUE MADISON WI 53715 14053059 0 X WWW.UWCPED.ORG 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. 12 11 40 11 1632019 469410 45000 45000 13253653 13970071 34611 37988 0 0 13333264 14053059 0 50000 0 0 2883257 2713989 0 0 0 10950315 11025657 13833572 13789646 -500308 263413 15287124 14657128 13011612 12118203 2275512 2538925 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 SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS AT THE UNIVERSITY BY DISSEMINATING INFORMATION CONCERNING STUDENT, ALUMNI, FACULTY AND ADMINISTRATIVE ACTIVITIES. 0 0 6775623 5367668 THE FLUNO CENTER: A FULL IMMERSION EXECUTIVE EDUCATION FACILITY THAT IS OWNED AND OPERATED BY THE CENTER FOR ADVANCED STUDIES IN BUSINESS, INC. (CASB), PROVIDED CONFERENCE SERVICES, LODGING AND OTHER RELATED SERVICES TO SUPPORT ITS EDUCATIONAL EVENTS. 5158726 6720014 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. CONSULTING IS OFFERED BOTH ADJACENT TO THE PROGRAMMATIC OFFER AS WELL AS MORE GENERALLY WITHIN TOPICS RELATED TO HUMAN CAPITAL. CASB RUNS A PORTFOLIO OF OPEN-ENROLLMENT COURSES ON VARIOUS BUSINESS RELATED TOPICS. CASB OPERATES THE FAMILY BUSINESS CENTER, A MEMBERSHIP BASED ORGANIZATION WITH PROFESSIONAL EDUCATION GEARED TO CLOSELY HELD BUSINESS. 49703 50000 -297 WISCONSIN SCHOOL OF BUSINESS OUTREACH, INCLUDING ALUMNI MEETINGS AND EVENTS: THIS ACTIVITY ALLOWS OPPORTUNITIES FOR THE COMMUNICATION TO AND THE GATHERING OF ALUMNI AT VARIOUS LOCATIONS TO DISTRIBUTE INFORMATION ON PROGRAMS AND ACTIVITIES OF THE WISCONSIN SCHOOL OF BUSINESS. 409490 106900 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. CONSULTING IS OFFERED BOTH ADJACENT TO THE PROGRAMMATIC OFFER AS WELL AS MORE GENERALLY WITHIN TOPICS RELATED TO HUMAN CAPITAL. CASB RUNS A PORTFOLIO OF OPEN-ENROLLMENT COURSES ON VARIOUS BUSINESS RELATED TOPICS. CASB OPERATES THE FAMILY BUSINESS CENTER, A MEMBERSHIP BASED ORGANIZATION WITH PROFESSIONAL EDUCATION GEARED TO CLOSELY HELD BUSINESS. 409490 106900 12393542 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 54 0 1 40 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFF CHRISTENSEN 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA EXECUTIVE DIRECTOR 40.00 X X 230707 0 67306 DAVID GAY DIRECTOR 1.00 X 0 0 0 BERRY GERHART DIRECTOR 1.00 X 0 0 0 CARLA GOGIN DIRECTOR 1.00 X 0 0 0 JAMES JOHANNES DIRECTOR 1.00 X 0 0 0 LANCE LANGE DIRECTOR 1.00 X 0 0 0 BRIAN MAYHEW DIRECTOR 1.00 X 0 0 0 BARRY PERKEL DIRECTOR 1.00 X 0 0 0 BLAINE RENFERT DIRECTOR 1.00 X 0 0 0 ALISON SPARKS-JOHNSON DIRECTOR 1.00 X 0 0 0 TANZY LAWHORN DIRECTOR 1.00 X 0 0 0 JAKE SEKELSKY DIRECTOR 1.00 X 0 0 0 ADAM BARNES VP OF FINANCE & OPERATIONS 40.00 X 171221 0 38200 MALCOLM JEFFRIS SENIOR DIRECTOR, CUSTOM LE 40.00 X 172505 0 45703 KATE SCHLESINGER SENIOR DIRECTOR, CORPORATE 40.00 X 128483 0 17564 TRACY NELSON DIRECTOR 40.00 X 152620 0 16450 855536 0 185223 5 0 1 0 ARAMARK 601 UNIVERSITY AVE MADISON WI 53715 FACILITY AGENCY 297767 SCOTT CONVERSE 1035 E LAKESIDE DR EDGERTON WI 53534 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 237425 SDK GROUP 4322 ROLLA LANE MADISON WI 53711 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 133034 PROGENYSIS INC 107 SULLIVAN PLACE POOLER GA 31322 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 131135 ELHR CONSULTING 802 EAST APPLETREE LANE ARLINGTON HEIGHTS IL 60004 INSTRUCTION OF PROFESSIONAL DEVELOPMENT 127057 7 45000 45000 EDUCATIONAL PROGRAM FEES 611600 6941427 6720014 221413 CONFERENCE SERVICES 611600 6922041 5367668 1410606 143767 OFFICE SPACE RENTALS 611600 106900 106900 ALUMNI AND BOARD MEETINGS/EVENTS 611600 -297 -297 13970071 26798 26798 11190 0 11190 11190 11190 14053059 12194285 1632019 181755 X 50000 50000 420832 351591 69241 1780772 1339620 441152 111957 83968 27989 249387 187040 62347 151041 113281 37760 306269 306269 5051 5051 21500 21500 5088872 4878804 210068 386030 376667 9363 67774 41502 26272 135394 62494 72900 32718 32718 290712 229549 61163 77062 53104 23958 257964 232168 25796 1066034 960069 105965 141949 61744 80205 CONTRACT SVS/FOOD & DRI 1197803 1197803 PROGRAM/EVENT EXPENSES 892089 892089 UTILITIES 384628 384628 UBIT 120426 120426 553382 438008 115374 13789646 12393542 1396104 0 5950 5950 3525587 4115577 2298953 1913293 22205 10881 686615 701660 23748881 15839114 8747814 7909767 15287124 14657128 1836636 1924691 1518444 1054256 9656532 9139256 13011612 12118203 X 2275512 2538925 2275512 2538925 15287124 14657128 263413 0 X 0 1 X 1 0 X 112000 45000 45000 45000 247000 9922036 9436517 12063157 11757021 12415698 55594429 64850 66360 71055 89357 143767 435389 9986886 9614877 12179212 11891378 12604465 56276818 0 4599101 4059415 3975442 4100855 4701662 21436475 4599101 4059415 3975442 4100855 4701662 21436475 34840343 20719 20042 14983 39301 26798 121843 20719 20042 14983 39301 26798 121843 185381 171025 256067 162285 391892 1166650 10192986 9805944 12450262 12092964 13023155 57565311 0.60520 0.59690 0.00210 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17989635 11593332 6396303 1060925 372085 688840 1844041 1567209 276832 2854280 2306488 547792 7909767 X 13213988 0 13213988 839071 839071 14053059 12950575 0 12950575 839071 839071 13789646 PART X, LINE 2: THE CENTER WAS FORMED AS A NONPROFIT ORGANIZATION WITHOUT THE ISSUANCE OF STOCK. THE CENTER HAS RECEIVED A DETERMINATION LETTER FROM THE IRS DATED MAY 21, 1975, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. THE CENTER ALSO RECEIVED A PRIVATE LETTER RULING DATED MARCH 18, 1998, RELATED TO THE OPERATIONS OF THE FLUNO CENTER. THE CENTER CONDUCTS CERTAIN UNRELATED BUSINESS ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE CENTER RECORDED APPROXIMATELY $149,000 AND $179,000, RESPECTIVELY, OF INCOME TAX EXPENSE IN CONFERENCE SERVICES EXPENSE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES RELATED TO UNRELATED BUSINESS ACTIVITIES. 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, 2019 AND 2018. THE CENTER DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITIONS THAT 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, 2019 AND 2018. SCHEDULE D, PART XI, LINE 4B REVENUE INCLUDED IN RETURN, NOT IN FINANCIAL STATEMENTS: 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 FINANACIAL STATEMENT PURPOSES. RELATED REVENUE OF $839,070 IS INCLUDED ON FORM 990, PART VIII. SCHEDULE D, PART XII, LINE 4B EXPENSES INCLUDED IN RETURN, NOT IN FINANCIAL STATEMENTS: 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 $839,070 ARE INCLUDED ON FORM 990, PART IX. 1 WISCONSIN SCHOOL OF BUSINESS 975 UNIVERSITY AVENUE MADISON WI 53706 391805963 GOV 50000 GENERAL FUNDING 1 0 SCHEDULE I, PART 1, LINE 2 THE DEAN OF THE WISCONSIN SCHOOL OF BUSINESS SITS ON THE ORGANIZATION'S BOARD. THE DEAN, AS THE CHIEF EXECUTIVE OF THE WISCONSIN SCHOOL OF BUSINESS, DETERMINES HOW THE CONTRIBUTION WILL BE DIRECTED. , TYPICALLY FOR OPERATIONAL SUPPORT OR TO INCREASE ENDOWED FUNDS HELD AND MANAGED BY THE UNIVERSITY OF WISCONSIN FOUNDATION. X X X X 0 0 0 1 0 0 0 0 0 JON KAUPLA EXECUTIVE DIRECTOR 191477 0 39000 0 230 0 16517 0 50789 0 298013 0 0 0 ADAM BARNES VP OF FINANCE & OPERATIONS 142103 0 29106 0 12 0 12381 0 25819 0 209421 0 0 0 MALCOLM JEFFRIS SENIOR DIRECTOR, CUSTOM LE 126500 0 45891 0 114 0 11916 0 33787 0 218208 0 0 0 TRACY NELSON DIRECTOR 138554 0 14000 0 66 0 0 0 16450 0 169070 0 0 0 PART I, LINE 5 COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION: BUSINESS DEVELOPMENT STAFF CAN EARN BONUS INCENTIVE COMPENSATION LARGELY BASED ON A PERCENTAGE OF THEIR BASE SALARY. ADDITIONALLY, THEY CAN EARN ADDITIONAL DOLLAR FIGURE BONUSES BASED ON PERSONAL AND TEAM PROGRAMMING SALES GOALS. STEVE KING FORMER BOARD PRESIDENT 133557 INSTRUCTION 0 FORM 990, PART VI, SECTION A, LINE 2 BERRY GERHART IS THE INTERIM DEAN OF THE SCHOOL OF BUSINESS. JIM JOHANNES AND BRIAN MAYHEW ARE TENURED FACULTY AND TECHNICALLY REPORT TO BARRY. FORM 990, PART VI, SECTION A, LINE 3 ARAMARK MANAGES THE DAY TO DAY OPERATION OF THE FLUNO CENTER UNDER THE SUPERVISION OF ADAM BARNES. CALENDAR YEAR PAYMENTS TOTALED $297,767. FORM 990, PART VI, SECTION A, LINE 7A UW FOUNDATION MAY PLACE ONE BOARD MEMBER. THE DEAN OF THE WISCONSIN SCHOOL OF BUSINESS MAY PLACE TWO TENURED FACULTY ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B CASB'S 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 THE FORM 990 IS FILED WITH THE IRS ON OR BEFORE THE MAY 15TH EXTENDED FILING DEADLINE. 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, 2019, 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. 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. 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. FORM 990, PART IX, LINE 11G CONFERENCE CENTER OPERATOR: PROGRAM SERVICE EXPENSES 2,733,977. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,733,977. INSTRUCTOR TEACHING FEES: PROGRAM SERVICE EXPENSES 1,951,765. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,951,765. PROGRAM CHAMPION FEES: PROGRAM SERVICE EXPENSES 39,499. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,499. INSTRUCTOR CUSTOMIZATION FEES: PROGRAM SERVICE EXPENSES 142,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,875. PROFESSIONAL SERVICES CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 210,068. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,068. TRAVEL FEE: PROGRAM SERVICE EXPENSES 10,688. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,688.