2026-03-10T13:32:36-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-07-01 237447143 CENTER FOR ADVANCED STUDIES IN BUSINESS INC CENT 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 BLAINE RENFERT BOARD OF DIRECTORS CHAIR 6084417339 2026-03-04 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2026-03-04 2024 2025-03-06 01:10:19Z CENTER FOR PROFESSIONAL AND EXECUTIVE DEVELOPMENT BLAINE RENFERT 601 UNIVERSITY AVENUE MADISON WI 53715 7745550 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 9 29 11 554714 0 0 0 7606316 7650736 103352 94030 0 784 7709668 7745550 500000 27000 0 0 3097732 3523699 0 0 0 4584960 4292083 8182692 7842782 -473024 -97232 4040312 3844747 1413772 1576790 2626540 2267957 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 3453753 27000 7096022 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. 3453753 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 73 0 1 29 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 9 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X GINO RICCHIO 6084417339 601 UNIVERSITY AVENUE MADISON WI 53715 JON KAUPLA EXECUTIVE DIRECTOR (CASB) 40.00 X X 216393 0 92408 BLAINE RENFERT CHAIR 1.00 X X 0 0 0 CHRIS TIGLAS VICE CHAIR 1.00 X X 0 0 0 DAVID GAY DIRECTOR, FINANCE/AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 DAVID RAUEN DIRECTOR, COMP / GOV COMMITTEE CHAIR 1.00 X 0 0 0 GREG DECROIX DIRECTOR 1.00 X 0 0 0 ANTHONY DIX DIRECTOR 1.00 X 0 0 0 MICHAEL JOHNSON DIRECTOR 1.00 X 7500 0 0 KARI LAURITSEN DIRECTOR 1.00 X 0 0 0 TANZY LAWHORN DIRECTOR 1.00 X 0 0 0 VALLABH SAMBAMURTHY DIRECTOR, DEAN WSB 1.00 X 16450 0 0 PATRICK SCHEIBEL DIRECTOR 1.00 X 0 0 0 GINO RICCHIO DIRECTOR OF FINANCE (CASB), SECRETARY 40.00 X 150360 0 17854 KATE SCHLESINGER SOLUTION ADVISOR 40.00 X 229343 0 33573 KAT SHANAHAN VP, MARKETING AND BUSINESS ENGAGEMENT 40.00 X 146398 0 42346 MARK SEIFERT SOLUTION ADVISOR 40.00 X 198874 0 75488 TRINITY KORTH SOLUTION ADVISOR 40.00 X 157367 0 53883 JEREMIAH DEGOLLON SOLUTION ADVISOR 40.00 X 191615 0 46089 1314300 0 361641 12 0 1 0 CAN'T DANCE TECHNOLOGIES 1035 E LAKESIDE DR EDGERTON WI 53534 INSTRUCTION 193470 ELHR CONSULTING 12246 TULIPTREE LANE HUNTLEY IL 60142 INSTRUCTION 190050 FLYING ELEPHANT LLC 4455 ACRE VIEW COURT BROOKFIELD WI 53005 INSTRUCTION 174900 XVARDERUS 1197 DOLAN DRIVE SUN PRARIE WI 53590 INSTRUCTION 163750 WATCHWORKS MANAGEMENT CONSULTING PO BOX 420 SUSSEX WI 53089 INSTRUCTION 163611 11 EDUCATIONAL PROGRAM FE 611600 7650736 7096022 554714 7650736 94030 94030 MISCELLANEOUS REVENUE 900099 784 784 784 7745550 7096022 554714 94814 X 27000 27000 467999 467999 2186943 2186943 156624 156624 499613 499613 212520 212520 21218 21218 38246 38246 2483122 2325440 157682 200238 200238 26504 953 25551 228996 67156 161840 156396 99149 57247 32734 32734 30746 30746 59977 59977 PROGRAM/EVENT EXPENSES 934055 934055 CREDIT CARD FEES 60811 60811 EMPLOYEE APPRECIATION 14919 14919 4121 4121 7842782 3453753 4389029 0 2666069 2430445 422668 803292 163076 103197 155944 96717 78562 59227 709937 448586 4040312 3844747 618037 1122926 795735 453864 1413772 1576790 X 1916603 1819371 709937 448586 2626540 2267957 4040312 3844747 -97232 -261351 0 X 0 1 X 1 0 X 553700 464167 609955 1627822 4689581 6394803 6990568 6949574 7096022 32120548 1214400 1460875 2675275 6457681 8319845 7600523 6949574 7096022 36423645 0 1541207 1746336 2750178 2660818 2629294 11327833 1541207 1746336 2750178 2660818 2629294 11327833 25095812 79858 571 9898 103352 94030 287709 800703 27347 828050 79858 801274 37245 103352 94030 1115759 4232 784 5016 6537539 9121119 7642000 7052926 7190836 37544420 0.66840 0.66210 0.02970 0.03330 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 4,232. 2024 AMOUNT: $ 784. 144944 92134 52810 11000 4583 6417 59227 CONTRIBUTED USE OF BUILDING 448586 448586 X 7807431 61881 61881 7745550 0 7745550 8166014 323232 323232 7842782 0 7842782 PART X, LINE 2: 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, 2025 AND 2024. 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, 2025 AND 2024. 1 WISCONSIN SCHOOL OF BUSINESS 975 UNIVERSITY AVE MADISON WI 53706 396006492 GOV 27000 0 TO SUPPORT ORGANIZATION'S ACTIVITIES 1 0 PART I, LINE 2: GRANTS ARE ONLY MADE TO A RELATED PARTY FOR SUPPORT OF ITS ACTIVITIES. CASB WORKS CLOSELY WITH THE RELATED PARTY AND CAN MONITOR THE USE OF THE GRANTS. X X X X 1 0 0 1 0 0 0 0 0 JON KAUPLA EXECUTIVE DIRECTOR (CASB) 216393 0 0 0 0 0 15994 0 76414 0 308801 0 0 0 MARK SEIFERT SOLUTION ADVISOR 85000 0 113874 0 0 0 13926 0 61562 0 274362 0 0 0 KATE SCHLESINGER SOLUTION ADVISOR 77825 0 151518 0 0 0 11295 0 22278 0 262916 0 0 0 JEREMIAH DEGOLLON SOLUTION ADVISOR 85000 0 106615 0 0 0 9780 0 36309 0 237704 0 0 0 TRINITY KORTH SOLUTION ADVISOR 90000 0 67367 0 0 0 4938 0 48945 0 211250 0 0 0 KAT SHANAHAN VP, MARKETING AND BUSINESS ENGAGEMEN 120154 0 26244 0 0 0 10365 0 31981 0 188744 0 0 0 GINO RICCHIO DIRECTOR OF FINANCE (CASB), SECRETAR 146192 0 4168 0 0 0 6993 0 10861 0 168214 0 0 0 PART I, LINE 4A KATHERINE SHANAHAN'S COMPENSATION REPORTED ON FORM 990, PART VII INCLUDED $52,060 OF SEVERANCE PART I, LINE 5 VP OF SALES RECEIVED A PERCENTAGE OF REVENUE, SOLUTION ADVISORS RECEIVED A PERCENT OF SALES, HALF WHEN SOLD, THE REMAINDER AS REVENUE WAS RECOGNIZED. FORM 990, PART VI, SECTION A, LINE 2 VALLABH SAMBA SAMBAMURTHY IS THE DEAN OF THE WISCONSIN SCHOOL OF BUSINESS. THERE IS A REPORTING RELATIONSHIP BETWEEN HIM AND GREG DECROIX AND MICHAEL JOHNSON, BOTH OF WHOM ARE EMPLOYED AT THE WISCONSIN SCHOOL OF BUSINESS. FORM 990, PART VI, SECTION A, LINE 7A THE DEAN OF THE WISCONSIN SCHOOL OF BUSINESS MAY PLACE TWO TENURED FACULTY ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE UPLOADED TO BOARD PORTAL. ENTIRE BOARD MAY REVIEW BUT A REVIEW IS REQUIRED BY ALL MEMBERS OF THE FINANCE AND AUDIT COMMITTEE. ONCE 990 IS APPROVED, IT WILL BE SIGNED. 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, 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G INSTRUCTOR TEACHING FEES: PROGRAM SERVICE EXPENSES 2,017,227. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,017,227. PROFESSIONAL SERVICES CONSULTING: PROGRAM SERVICE EXPENSES 220,913. MANAGEMENT AND GENERAL EXPENSES 157,682. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378,595. PROFESSIONAL SERVICES COACHING: PROGRAM SERVICE EXPENSES 87,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,300.