Civic Intelligence

Kelley Executive Education Foundation Inc.

990 • Fiscal year 2017 • EIN 26-4646019

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.KELLEY.IU.EDU/KEP

View Organization Page

1275 E 10th StreetBloomington, IN 47405

(812) 855-0229

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.53x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.15x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$103,500

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-4.3%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$1,355,269

Down $4,401 (-0.3%) from 2016

Net Assets

Up

$638,167

Up $97,996 (+18%) from 2016

Liabilities

Down

$717,102

Down $102,397 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin47th percentile

Revenue

Down

$4,876,539

Down $219,582 (-4.3%) from 2016

Expenses

Down

$4,778,543

Down $330,447 (-6.5%) from 2016

Net Income

Up

$97,996

Up $110,865 (+861%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,366,777Liabilities 2013: $595,118Net Assets 2013: $771,6592013Assets 2014: $1,958,716Liabilities 2014: $1,055,506Net Assets 2014: $903,2102014Assets 2015: $1,178,573Liabilities 2015: $625,533Net Assets 2015: $553,0402015Assets 2016: $1,359,670Liabilities 2016: $819,499Net Assets 2016: $540,1712016Assets 2017: $1,355,269Liabilities 2017: $717,102Net Assets 2017: $638,1672017Assets 2018: $1,593,457Liabilities 2018: $1,009,394Net Assets 2018: $584,0632018Assets 2019: $1,896,512Liabilities 2019: $1,176,829Net Assets 2019: $719,6832019Assets 2021: $1,125,624Liabilities 2021: $849,376Net Assets 2021: $276,2482021Assets 2022: $1,487,006Liabilities 2022: $1,140,444Net Assets 2022: $346,5622022

Highlighted filing

2017

Assets$1,355,269
Liabilities$717,102
Net Assets$638,167
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $6,332,5302013Revenue 2014: $5,810,051Expenses 2014: $5,675,527Net Income 2014: $134,5242014Revenue 2015: $4,928,733Expenses 2015: $5,281,876Net Income 2015: -$353,1432015Revenue 2016: $5,096,121Expenses 2016: $5,108,990Net Income 2016: -$12,8692016Revenue 2017: $4,876,539Expenses 2017: $4,778,543Net Income 2017: $97,9962017Revenue 2018: $5,272,217Expenses 2018: $5,326,321Net Income 2018: -$54,1042018Revenue 2019: $6,452,226Expenses 2019: $6,316,606Net Income 2019: $135,6202019Revenue 2021: $3,371,150Expenses 2021: $3,586,406Net Income 2021: -$215,2562021Revenue 2022: $5,994,772Expenses 2022: $5,924,458Net Income 2022: $70,3142022

Highlighted filing

2017

Revenue$4,876,539
Expenses$4,778,543
Net Income$97,996
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$4,876,539
Mission and Program Overview

Mission

To provide world-class executive development experiences to improve the strategic, organizational, and competitive capabilities of organizations globally.

To provide world-class executive development experiences to improve the strategic,organizational & competitive capabilities of organizations globally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$765,928$771,108▲ $5,180
Accounts Receivable$568,789$427,458▼ $141,331
Prepaid Expenses and Deferred Charges$4,951$136,111▲ $131,160
Inventories for Sale or Use$20,002$20,592▲ $590
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,359,670$1,355,269▼ $4,401
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$559,274$371,400▼ $187,874
Deferred Revenue$260,225$345,702▲ $85,477
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$819,499$717,102▼ $102,397
Net Assets / Fund Balance
Unrestricted Net Assets$540,171$638,167▲ $97,996
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$540,171$638,167▲ $97,996
Total Liabilities and Net Assets / Fund Balance$1,359,670$1,355,269▼ $4,401
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard MagjukaExecutive DirectorFT$103,500$103,500
Ashok K SoniPresident-$52,000$52,000
Sreenivas KammaDirector-$39,850$39,850
Timothy FortDirector-$8,000$8,000
Idalene F KesnerChair-$6,000$6,000
Teresa KaseSecretary-$500$500

Board Members and Trustees

NameTitle
Dan SmithDirector
Tricia McdougallDirector
Laureen MainesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rich MagjukaInstruction571 SHADY CREED DRIVE, Greenwood, IN 46142$103,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,875,404
Investment Income
$1,135
Other Revenue
$0
Change in Net Assets
$97,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,876,539
Revenue Not Reported on Form 990
$140,508
Total Revenue per Audited Statements
$5,017,047
Total Revenue per Form 990
$4,876,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,093,222
Salaries, Compensation, and Employee Benefits$685,321
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,881,965$128,236-$2,010,201
Travel$1,332,958--$1,332,958
Payments to Affiliates$500,000--$500,000
Other Salaries and Wages$391,663$54,931-$446,594
Office Expenses$133,649$35,035-$168,684
Other Employee Benefits$76,350$10,708-$87,058
Payroll Taxes$62,864$8,817-$71,681
Pension Plan Contributions$37,112$5,205-$42,317
Current Officers, Directors, Trustees, and Key Employees$33,037$4,634-$37,671
Fees for Services Accounting-$33,117-$33,117
Conferences and Meetings$16,177--$16,177
Information Technology$15,243--$15,243
Advertising$13,752--$13,752
Other Expenses$2,815$0$0$2,815
Fees for Services Legal-$275-$275
Total Functional Expenses$4,497,585$280,958$0$4,778,543

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,919,051
Expenses per Audited Statements$4,778,543
Total Expenses per Form 990$4,778,543
Expenses Not Reported on Form 990$140,508
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

“The chair has 50% of the voting rights and the remaining members of the board of directors have the other 50% of the voting rights. Form 990, part vi, line 1b richard magjuka, ashok soni, and sreenivas kamma are compensated over $10,000 as paid independent contractors of the organization and are therefore considered non-independent. Form 990, part vi, line 7 the dean of indiana university's kelley school of business appoints all of the directors of kelley executive education foundation, inc. And the dean can appoint someone to represent them and their 50% voting rights as a board member. Form 990, part vi, section b, line 11a the management team of the organization and an independent cpa firm review the form 990 for accuracy prior to signing. The form 990 is provided to all officers and directors prior to submission.”

Form 990, Part VI, Section B, Line 12C

“All current officers and directors are covered under a conflict of interest policy which is updated annually. If a conflict is disclosed, the individual will recuse him or herself from discussions and voting. This will be documented in the minutes.”

Form 990, Part VI, Section B, Line 15A

“Richard magjuka was paid as an independent contractor and an employee by keefi and his compensation was determined by contract.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are all available upon request.”

Form 990, Part VII

“None of the board members were compensated for their services as a board member. All board members receiving compensation were paid as independent contractors for services provided as instructors in kelley executive education foundation's programs. Richard magjuka received compensation as an employee.”

Filing and Contact Details

Filer

Filer Name
Kelley Executive Education Foundation Inc
EIN
26-4646019
In Care Of
% RICHARD MAGJUKA
Phone
8128550229
Address
1275 E 10TH STREET, BLOOMINGTON, IN 47405
Doing Business As
Kelly Executive Partners

Signing Officer

Name
Laureen a Maines
Title
Treasurer
Phone
8128550229
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Magjuka
Formed
2009
Legal Domicile
In
Voting Board Members
9
Independent Board Members
6
Employees
9
Volunteers
6

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Joyce A Dulworth
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractual asset expenses (131,160) faculty compensation 1,948,296 other fees program 189,992 other fees + 3,073 total other fees for services 2,010,201”

Financial Statement Notes

Asc 740 Footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. Part xi, line 2b: use of facilities: $140,508 part xii, line 2a: use of facilities: $140,508”

Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InformationTechnologyGrp/TotalAmt015243
IRS990/InsuranceGrp/TotalAmt00
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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt020002
IRS990/InventoriesForSaleOrUseGrp/EOYAmt020592
IRS990/InvestmentIncomeGrp/ExclusionAmt01135
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01135
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0137
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CARRY OUT THE MISSION OF AND TO ACQUIRE, MANAGE, AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS, A 501(C)(3) ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0540171
IRS990/NetAssetsOrFundBalancesEOYAmt0638167
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035035
IRS990/OfficeExpensesGrp/ProgramServicesAmt0133649
IRS990/OfficeExpensesGrp/TotalAmt0168684
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010708
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt076350
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087058
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt02815
IRS990/OtherExpensesGrp/TotalAmt02815
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054931
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0391663
IRS990/OtherSalariesAndWagesGrp/TotalAmt0446594
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0500000
IRS990/PaymentsToAffiliatesGrp/TotalAmt0500000
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08817
IRS990/PayrollTaxesGrp/ProgramServicesAmt062864
IRS990/PayrollTaxesGrp/TotalAmt071681
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05205
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037112
IRS990/PensionPlanContributionsGrp/TotalAmt042317
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04951
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0136111
IRS990/PrincipalOfficerNm0RICHARD MAGJUKA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0EXECUTIVE DEVELOPMENT PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04875404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04875404
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01214
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04433978
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05094907
IRS990/PYRevenuesLessExpensesAmt0-12869
IRS990/PYSalariesCompEmpBnftPaidAmt0675012
IRS990/PYTotalExpensesAmt05108990
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05096121
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt097996
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04875404
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0765928
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0771108
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0356001673
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INDIANA UNIV KELLEY SCHOOL OF BUSINESS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0500000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0140508
IRS990ScheduleD/DonatedServicesUseFcltsAmt0140508
IRS990ScheduleD/ExpensesNotReportedAmt0140508
IRS990ScheduleD/ExpensesSubtotalAmt04778543
IRS990ScheduleD/RevenueNotReportedAmt0140508
IRS990ScheduleD/RevenueSubtotalAmt04876539
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2B: USE OF FACILITIES: $140,508 PART XII, LINE 2A: USE OF FACILITIES: $140,508
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ASC 740 FOOTNOTE
IRS990ScheduleD/TotalExpensesPerForm990Amt04778543
IRS990ScheduleD/TotalRevenuePerForm990Amt04876539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05017047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04919051
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIR HAS 50% OF THE VOTING RIGHTS AND THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS HAVE THE OTHER 50% OF THE VOTING RIGHTS. FORM 990, PART VI, LINE 1B RICHARD MAGJUKA, ASHOK SONI, AND SREENIVAS KAMMA ARE COMPENSATED OVER $10,000 AS PAID INDEPENDENT CONTRACTORS OF THE ORGANIZATION AND ARE THEREFORE CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, LINE 7 THE DEAN OF INDIANA UNIVERSITY'S KELLEY SCHOOL OF BUSINESS APPOINTS ALL OF THE DIRECTORS OF KELLEY EXECUTIVE EDUCATION FOUNDATION, INC. AND THE DEAN CAN APPOINT SOMEONE TO REPRESENT THEM AND THEIR 50% VOTING RIGHTS AS A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11A THE MANAGEMENT TEAM OF THE ORGANIZATION AND AN INDEPENDENT CPA FIRM REVIEW THE FORM 990 FOR ACCURACY PRIOR TO SIGNING. THE FORM 990 IS PROVIDED TO ALL OFFICERS AND DIRECTORS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CURRENT OFFICERS AND DIRECTORS ARE COVERED UNDER A CONFLICT OF INTEREST POLICY WHICH IS UPDATED ANNUALLY. IF A CONFLICT IS DISCLOSED, THE INDIVIDUAL WILL RECUSE HIM OR HERSELF FROM DISCUSSIONS AND VOTING. THIS WILL BE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RICHARD MAGJUKA WAS PAID AS AN INDEPENDENT CONTRACTOR AND AN EMPLOYEE BY KEEFI AND HIS COMPENSATION WAS DETERMINED BY CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NONE OF THE BOARD MEMBERS WERE COMPENSATED FOR THEIR SERVICES AS A BOARD MEMBER. ALL BOARD MEMBERS RECEIVING COMPENSATION WERE PAID AS INDEPENDENT CONTRACTORS FOR SERVICES PROVIDED AS INSTRUCTORS IN KELLEY EXECUTIVE EDUCATION FOUNDATION'S PROGRAMS. RICHARD MAGJUKA RECEIVED COMPENSATION AS AN EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTUAL ASSET EXPENSES (131,160) FACULTY COMPENSATION 1,948,296 OTHER FEES PROGRAM 189,992 OTHER FEES + 3,073 TOTAL OTHER FEES FOR SERVICES 2,010,201
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,355,269
Liabilities
$717,102
Net assets
$638,167
Revenue
$4,876,539
Expenses
$4,778,543
Net income
$97,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$1.14$0.35$5.99$5.92$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.85$0.28$3.37$3.59$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$1.18$0.72$6.45$6.32$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$1.01$0.58$5.27$5.33$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.72$0.64$4.88$4.78$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.82$0.54$5.10$5.11$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.63$0.55$4.93$5.28$0.35
2014Detailed filing. Detailed filing data is available for this year.$1.96$1.06$0.90$5.81$5.68$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.60$0.77$6.33