Kelley Executive Education Foundation Inc
- Assets
- $1.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Bloomington, IN
- Founding
- 10/2009
- Data as of
- 06/2021
- EIN
- 26-4646019
Organization Overview
Kelley Executive Education Foundation Inc, operating under the name Ksbee, is located in Bloomington, IN. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Ksbee employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ksbee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ksbee generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WORLD-CLASS EXECUTIVE DEVELOPMENT EXPERIENCES TO IMPROVE THE STRATEGIC, ORGANIZATIONAL & COMPETITIVE CAPABILITIES OF ORGANIZATIONS GLOBALLY.
Describe the Organization's Program Activity:
KELLEY SCHOOL OF BUSINESS EXECUTIVE EDUCATION IS AN EXECUTIVE EDUCATION ARM OF THE INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS, ONE OF THE COUNTRY'S PREMIER BUSINESS SCHOOLS. KSBEE'S MISSION IS TO PROVIDE WORLD-CLASS EXECUTIVE DEVELOPMENT EXPERIENCES TO IMPROVE THE STRATEGIC, ORGANIZATIONAL AND COMPETITIVE CAPABILITIES OF ORGANIZATIONS GLOBALLY, AND TO DEVELOP THE LEADERSHIP COMPETENCIES OF THE INDIVIDUALS IN THOSE ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Thomas Executive Director | Officer | 40 | $168,721 |
Richard Magjuka Director | Trustee | 20 | $105,500 |
Sreenivas Kamma Director | Trustee | 1 | $37,500 |
Idalene F Kesner Chair | OfficerTrustee | 1 | $10,000 |
Ashoh K Soni President | OfficerTrustee | 1 | $0 |
Teresa Kase Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carl Briggs Consulting | 6/29/20 | $126,900 |
Raymond Luther Program Deliveries | 6/29/20 | $136,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,370,464 |
| Investment income | $686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,371,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,759 |
| Compensation of current officers, directors, key employees. | $55,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,838 |
| Pension plan accruals and contributions | $62,096 |
| Other employee benefits | $118,368 |
| Payroll taxes | $45,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,920 |
| Fees for services: Accounting | $37,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,210,730 |
| Advertising and promotion | $137,089 |
| Office expenses | $126,021 |
| Information technology | $8,090 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $177,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,450 |
| Interest | $0 |
| Payments to affiliates | $10,750 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $313 |
| Total functional expenses | $3,586,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $770,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,298 |
| Prepaid expenses and deferred charges | $16,442 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,125,624 |
| Accounts payable and accrued expenses | $441,262 |
| Grants payable | $0 |
| Deferred revenue | $279,447 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,667 |
| Total liabilities | $849,376 |
| Net assets without donor restrictions | $276,248 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,125,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Literacy Kansas City Kansas City, MO | $1,783,046 | $2,841,106 |
Open Books Ltd Chicago, IL | $1,632,134 | $2,509,213 |