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Nonprofit · EIN 23-7447143

CENTER FOR ADVANCED STUDIES IN BUSINESS INC

Tax-exempt · MADISON, WI 53715

Financials

$8.4M$7.8M2022$7.7M$8.2M2023$7.7M$7.8M2024
Revenue Expenses · by fiscal year end
Financials of CENTER FOR ADVANCED STUDIES IN BUSINESS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$7,745,550$7,842,782-$97,232$3,844,747$1,576,790$2,267,957
June 30, 2024990$7,709,668$8,182,692-$473,024$4,040,312$1,413,772$2,626,540
June 30, 2023990$8,417,540$7,844,758$572,782$5,011,441$1,672,937$3,338,504
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,650,736
Investment income
$94,030
Other revenue
$784

Expenses

Grants and similar amounts paid
$27,000
Compensation of officers, directors and key employees
$467,999
Other salaries and wages
$2,186,943
Salaries, compensation and benefits (total)
$3,523,699
Professional fundraising fees
$0
Legal fees
$21,218
Accounting fees
$38,246
Travel
$156,396
Depreciation
$30,746
Program services (functional)
$3,453,753
Management and general (functional)
$4,389,029

Balance sheet and other

Total assets, start of year
$4,040,312
Total assets, end of year
$3,844,747
Total liabilities, end of year
$1,576,790
Net assets, end of year
$2,267,957
Land, buildings and equipment
$59,227
Net assets without donor restrictions
$1,819,371
Net assets with donor restrictions
$448,586
Gross unrelated business income
$554,714
Gross receipts
$7,745,550
Employees
29
Volunteers
11
Year formed
1974
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JON KAUPLAEXECUTIVE DIRECTOR (CASB)
Trustee or director, Officer
40$216,393$92,408
MARK SEIFERTSOLUTION ADVISOR
Highest-paid employee
40$198,874$75,488
KATE SCHLESINGERSOLUTION ADVISOR
Highest-paid employee
40$229,343$33,573
JEREMIAH DEGOLLONSOLUTION ADVISOR
Highest-paid employee
40$191,615$46,089
TRINITY KORTHSOLUTION ADVISOR
Highest-paid employee
40$157,367$53,883
KAT SHANAHANVP, MARKETING AND BUSINESS ENGAGEMENT
Highest-paid employee
40$146,398$42,346
GINO RICCHIODIRECTOR OF FINANCE (CASB), SECRETARY
Officer
40$150,360$17,854
VALLABH SAMBAMURTHYDIRECTOR, DEAN WSB
Trustee or director
1$16,450$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$7,500$0
BLAINE RENFERTCHAIR
Trustee or director, Officer
1$0$0
CHRIS TIGLASVICE CHAIR
Trustee or director, Officer
1$0$0
DAVID GAYDIRECTOR, FINANCE/AUDIT COMMITTEE CHAIR
Trustee or director
1$0$0
DAVID RAUENDIRECTOR, COMP / GOV COMMITTEE CHAIR
Trustee or director
1$0$0
GREG DECROIXDIRECTOR
Trustee or director
1$0$0
ANTHONY DIXDIRECTOR
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
KARI LAURITSENDIRECTOR
Trustee or director
1$0
TANZY LAWHORNDIRECTOR
Trustee or director
1$0
PATRICK SCHEIBELDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensationOther / benefits
JON KAUPLAEXECUTIVE DIRECTOR (CASB)
Trustee or director, Officer
40$228,484$74,420
MARK SEIFERTSOLUTION ADVISOR
Highest-paid employee
40$203,829$36,671
KATE SCHLESINGERSOLUTION ADVISOR
Highest-paid employee
40$201,518$32,577
JEREMIAH DEGOLLONSOLUTION ADVISOR
Highest-paid employee
40$198,186$13,141
GINO RICCHIODIRECTOR OF FINANCE (CASB), SECRETARY
Officer
40$151,692$48,533
TRINITY KORTHSOLUTION ADVISOR
Highest-paid employee
40$164,590$20,346
TRACY MASTSR. DIRECTOR OF TECHNOLOGY AND PEOPLE
Highest-paid employee
1$142,942$37,091
TANZY LAWHORNCHAIR
Trustee or director, Officer
1$0$0
DAVID RAUENDIRECTOR, COMP / GOV COMMITTEE CHAIR
Trustee or director
1$0$0
DAVID GAYDIRECTOR, FINANCE/AUDIT COMMITTEE CHAIR
Trustee or director
1$0$0
CHRIS TIGLASVICE CHAIR
Trustee or director, Officer
1$0$0
ANTHONY DIXDIRECTOR
Trustee or director
1$0$0
BLAINE RENFERTDIRECTOR
Trustee or director
1$0$0
KARI LAURITSENDIRECTOR
Trustee or director
1$0$0
PATRICK SCHEIBELDIRECTOR
Trustee or director
1$0$0
GREG DECROIXDIRECTOR
Trustee or director
1$0$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$0$0
VALLABH SAMBAMURTHYDIRECTOR, DEAN WSB
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
JON KAUPLAPRESIDENT/EXEC. DIRECTOR
Trustee or director, Officer
40$236,869$61,577
JEREMIAH DEGOLLONSOLUTION ADVISOR
Highest-paid employee
40$239,943$45,646
MARK SEIFERTSOLUTION ADVISOR
Highest-paid employee
40$168,528$43,427
TRACY BORCHERTSENIOR DIRECTOR, INFORMATION TECHNOLOGY
Highest-paid employee
40$131,332$45,553
KORY MCCARTHYSECRETARY/TREASURER/DIR OF FINANCE
Officer
40$141,235$26,729
HELEN BRAUSENSOLUTION ADVISOR
Highest-paid employee
40$112,979$46,170
KATE SCHLESINGERSOLUTION ADVISOR
Highest-paid employee
40$144,598$10,814
TANZY LAWHORNCHAIR
Trustee or director, Officer
1$0$0
CARLA GOGINVICE CHAIR
Trustee or director, Officer
1$0$0
DAVID GAYDIRECTOR
Trustee or director
1$0$0
BLAINE RENFERTDIRECTOR
Trustee or director
1$0$0
GREG DECROIXDIRECTOR
Trustee or director
1$0$0
VALLABH SAMBAMURTHYDIRECTOR
Trustee or director
1$0$0
ANTHONY DIXDIRECTOR
Trustee or director
1$0$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$0$0
KARI LAURITSENDIRECTOR
Trustee or director
1$0$0
DAVID RAUENDIRECTOR
Trustee or director
1$0$0
CHRIS TIGLASDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
601 UNIVERSITY AVE, MADISON, WI 53715-1035
In care of
% ADAM BARNES
Principal officer (990 for 2024)
BLAINE RENFERT, 601 UNIVERSITY AVENUE, MADISON, WI 53715
Signed the 990
BLAINE RENFERT, BOARD OF DIRECTORS CHAIR
Phone
(608) 441-7339
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $3,453,753 · grants $27,000 · revenue $7,096,022

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7447143
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1975
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,844,747
Income (IRS master file)
$7,745,550

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$7,745,550$7,842,782$3,844,747XML
990-TJune 2025–––IRS
990June 2024$7,709,668$8,182,692$4,040,312XML
990-TJune 2024–––IRS
990June 2023$8,417,540$7,844,758$5,011,441XML
990-TJune 2023–––IRS
990June 2022$13,460,899$9,902,015$4,715,130IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7447143).

Questions about CENTER FOR ADVANCED STUDIES IN BUSINESS INC

What is the EIN of CENTER FOR ADVANCED STUDIES IN BUSINESS INC?
The employer identification number (EIN) of CENTER FOR ADVANCED STUDIES IN BUSINESS INC is 23-7447143.
Is CENTER FOR ADVANCED STUDIES IN BUSINESS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
Are donations to CENTER FOR ADVANCED STUDIES IN BUSINESS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTER FOR ADVANCED STUDIES IN BUSINESS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CENTER FOR ADVANCED STUDIES IN BUSINESS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTER FOR ADVANCED STUDIES IN BUSINESS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of CENTER FOR ADVANCED STUDIES IN BUSINESS INC?
The 990 for the year ended June 30, 2025 names BLAINE RENFERT.
Who are the officers and directors of CENTER FOR ADVANCED STUDIES IN BUSINESS INC?
The 990 for the year ended June 30, 2025 lists 18 people; 9 received compensation from the organization, the highest $216,393 (JON KAUPLA, EXECUTIVE DIRECTOR (CASB)).
How much revenue does CENTER FOR ADVANCED STUDIES IN BUSINESS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $7,745,550, expenses of $7,842,782 and total assets of $3,844,747 at year end.

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