2024-04-09T10:43:34-05:00 2023-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-06-01 410694721 AUGSBURG UNIVERSITY AUGS 6123301000 2211 RIVERSIDE AVENUE MINNEAPOLIS MN 554541351 JOHN COSKRAN CFO 6123301000 2024-04-05 1 JOHN COSKRAN 999009999 0 SARAH HINTZ P00492291 3037795710 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN COSKRAN 2211 RIVERSIDE AVENUE MINNEAPOLIS MN 554541351 133196607 0 X WWW.AUGSBURG.EDU X 1872 MN A PRIVATE LUTHERAN FOUR-YEAR UNIVERSITY LOCATED IN DOWNTOWN MINNEAPOLIS. 33 32 1487 40 195308 154774 23142357 11837163 109903713 116844752 669691 1005488 198237 394739 133913998 130082142 55314619 55949861 0 0 48933253 48969645 0 0 2379460 30024806 32464677 134272678 137384183 -358680 -7302041 220780212 215948379 78989873 82397498 141790339 133550881 X AUGSBURG UNIVERSITY EDUCATES STUDENTS TO BE INFORMED CITIZENS, THOUGHTFUL STEWARDS, CRITICAL THINKERS, AND RESPONSIBLE LEADERS.THE AUGSBURG EXPERIENCE IS SUPPORTED BY AN ENGAGED COMMUNITY THAT IS COMMITTED TO INTENTIONAL DIVERSITY IN ITS LIFE AND WORK. AN AUGSBURG EDUCATION IS DEFINED BY EXCELLENCE IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES, GUIDED BY THE FAITH AND VALUES OF THE LUTHERAN CHURCH, AND SHAPED BY ITS URBAN AND GLOBAL SETTINGS. 0 0 93054013 55949861 105287417 POSTSECONDARY EDUCATIONSET IN A VIBRANT NEIGHBORHOOD NEAR DOWNTOWN MINNEAPOLIS, AUGSBURG UNIVERSITY OFFERS MORE THAN 50 UNDERGRADUATE MAJORS AND 11 GRADUATE DEGREES TO NEARLY 3,200 STUDENTS OF DIVERSE BACKGROUNDS. THE TRADEMARKS OF AN AUGSBURG EDUCATION ARE AN EMPHASIS ON DIRECT, PERSONAL EXPERIENCE, AND A DEEP COMMITMENT TO EDUCATING STUDENTS AT THE INTERSECTIONS OF FAITH, LEARNING, AND SERVICE. AUGSBURG IS RECOGNIZED AS ONE OF THE COUNTRY'S LEADING INSTITUTIONS FOR COMMUNITY ENGAGEMENT AND RANKS AMONG THE TOP PRODUCERS OF NATIONAL AND INTERNATIONAL STUDENT FELLOWSHIP AWARDEES, INCLUDING FULBRIGHT AND GOLDWATER SCHOLARS. INTENTIONAL DIVERSITY IS A KEY FOCUS OF AUGSBURG'S WORK AND COMMUNITY. THE UNIVERSITY HAS EARNED THE MILITARY FRIENDLY SCHOOL DESIGNATION AS WELL AS A TOP 40 LGBTQ FRIENDLY COLLEGE. IN 2020, AUGSBURG WAS NAMED AMONG THE INAUGURAL RECIPIENTS OF CAMPUS COMPACT'S AWARD FOR INSTITUTIONAL TRANSFORMATION. GUIDED BY THE FAITH AND VALUES OF THE LUTHERAN CHURCH, AUGSBURG DEMONSTRATES EXCELLENCE IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES AND EDUCATES STUDENTS TO BE INFORMED CITIZENS, THOUGHTFUL STEWARDS, CRITICAL THINKERS, AND RESPONSIBLE LEADERS. 25220151 0 3051721 ACADEMIC SUPPORT AND STUDENT SERVICESAUGSBURG UNIVERSITY PROVIDES INNOVATIVE PROGRAMMING AND SUPPORT SERVICES TO A DIVERSE COMMUNITY OF NEARLY 3,200 UNDERGRADUATE AND GRADUATE LEARNERS. AS AN EXAMPLE, THE GAGE CENTER FOR STUDENT SUCCESS PROVIDES ADVISING, TUTORING, AND OTHER ACADEMIC SUPPORT SERVICES TO ALL UNDERGRADUATE AND GRADUATE STUDENTS. THE GAGE CENTER INCLUDES THE CENTER FOR LEARNING AND ACCESSIBLE STUDENT SERVICES, ACADEMIC SPECIALISTS WHO PROVIDE INDIVIDUALIZED ACCOMMODATIONS FOR STUDENTS WITH COGNITIVE, LEARNING, AND PHYSICAL DISABILITIES. IN ADDITION, STEPUP AUGSBURG'S INNOVATIVE, NATIONALLY RECOGNIZED RESIDENTIAL COLLEGE RECOVERY PROGRAM SUPPORTS 70-100 STUDENTS EACH YEAR WITH COUNSELING, SUBSTANCE-FREE HOUSING, AND LEADERSHIP DEVELOPMENT. THROUGH THE INTEGRATED SERVICES OF THE ENROLLMENT CENTER, STUDENTS AND FAMILIES CAN RECEIVE COUNSELING AND SUPPORT WITH TUITION PAYMENT PLANS, SCHOLARSHIPS, FINANCIAL AID, AND REGISTRATION. NEARLY HALF OF ALL AUGSBURG STUDENTS PARTICIPATE IN SPORTS AT THE INTERCOLLEGIATE OR INTRAMURAL LEVEL AND STUDENTS CAN ALSO PARTICIPATE IN ONE OF AUGSBURG'S 50 STUDENT ORGANIZATIONS. STUDENTS ARE ALSO SUPPORTED ACADEMICALLY BY THE LINDELL LIBRARY WHICH AS NEARLY 500,000 BOOKS AND E-BOOKS, 150,000 STREAMING VIDEOS AND AUDIO FILES, AND MORE THAN 200 DATABASES WITH ACCESS TO ANOTHER 500 MILLION TITLES WORLDWIDE THROUGH THE OCLC WORLDCAT DATABASE. 7770920 0 8505320 AUXILIARY SERVICESAUGSBURG UNIVERSITY'S RESIDENCE LIFE PROGRAM SEEKS TO DEVELOP RESIDENTS WHO ARE BOTH STUDENTS AND NEIGHBORS IN AN URBAN COLLEGIATE SETTING. THE UNIVERSITY HAS FIVE RESIDENCE HALLS AND THREE DINING VENUES. DURING FALL 2022, AUGSBURG WAS HOME TO OVER 750 STUDENTS, WITH NEARLY 600 PARTICIPATING IN STUDENT MEAL PLANS. AUGSBURG'S DINING SERVICES PROVIDE A WIDE VARIETY OF MEALS THAT MEET NUTRITIONAL AND CULTURAL REQUIREMENTS AND EDUCATE STUDENTS ABOUT NUTRITION AND SUSTAINABLE FOOD PRACTICES. A CAMPUS BOOKSTORE OFFERS A VARIETY OF GOODS FOR STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC. 126045084 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 5011 0 1 1487 1 1 1 1 MX GT WA 0 0 0 1 1 0 0 0 0 0 0 X 33 32 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X JOHN COSKRAN 6123301000 2211 RIVERSIDE AVENUE MINNEAPOLIS MN 55454 PAUL PRIBBENOW PRESIDENT 40.00 X X 392199 0 165900 DENNIS MEYER CHAIR 2.00 X X 0 0 0 JILL THOMAS VICE CHAIR 2.00 X X 0 0 0 KAREN DURANT TREASURER 2.00 X X 0 0 0 JOHN O'BRIEN SECRETARY 2.00 X X 0 0 0 SYLVIA BARTLEY REGENT 2.00 X 0 0 0 CYRUS BATHEJA REGENT 2.00 X 0 0 0 CHERYL CHATMAN REGENT 2.00 X 0 0 0 KARIM EL-HIBRI REGENT 2.00 X 0 0 0 MATT ENTENZA REGENT 2.00 X 0 0 0 ELLEN EWALD REGENT 2.00 X 0 0 0 NICHOLAS GANGESTAD REGENT 2.00 X 0 0 0 MARLENE WHITERABBIT HELGEMO REGENT 2.00 X 0 0 0 JAMES HEREFORD REGENT 2.00 X 0 0 0 PAHOUA YANG HOFFMAN REGENT 2.00 X 0 0 0 KENNETH HOLMEN REGENT 2.00 X 0 0 0 VEENA IYER REGENT 2.00 X 0 0 0 DIANE JACOBSON REGENT 2.00 X 0 0 0 MARK JOHNSON REGENT 2.00 X 0 0 0 ERIC JOLLY REGENT 2.00 X 0 0 0 CYNTHIA JONES REGENT 2.00 X 0 0 0 WAYNE JORGENSON REGENT 2.00 X 0 0 0 ETHELIND KABA REGENT 2.00 X 0 0 0 KAROLYNN LESTRUD REGENT 2.00 X 0 0 0 TERRY LINDSTROM REGENT 2.00 X 0 0 0 MICHAEL MAXEY REGENT 2.00 X 0 0 0 PAM MOKSNES REGENT 2.00 X 0 0 0 NANCY MUELLER REGENT 2.00 X 0 0 0 JEFFERY NODLAND REGENT 2.00 X 0 0 0 JOHN SCHWARTZ REGENT 2.00 X 0 0 0 LAURIE SKOW-ANDERSON REGENT 2.00 X 0 0 0 ANN SVENNUNGSEN REGENT 2.00 X 0 0 0 DEAN SUNDQUIST REGENT 2.00 X 0 0 0 MARK WILHELM REGENT 2.00 X 0 0 0 NOYA WOODRICH REGENT 2.00 X 0 0 0 KAREN KAIVOLA VP OF ACADEMIC & STUDENT AFFAIRS 40.00 X 133985 0 11618 REBECCA JOHN VP AND COO 40.00 X 193459 0 22315 LEIF ANDERSON VP AND CSO 40.00 X 185211 0 26437 JOHN COSKRAN CFO 40.00 X 202907 0 12750 PAULA O'LOUGHLIN PROVOST AND SR VP 40.00 X 103231 0 19017 ROBERT GOULD VP OF STRATEGIC ENROLLMENT 40.00 X 218674 0 25547 MONICA DEVERS DEAN OF PROF. STUDIES 40.00 X 147686 0 14162 AMY ALKIRE VP OF ADVANCEMENT 40.00 X 170388 0 27563 SARAH ERKKINEN ASSIST. VP INSTITUTIONAL ADVANCEMENT 40.00 X 157171 0 20531 PHILLIP ADAMO PROFESSOR 40.00 X 209818 0 5804 2114729 0 351644 43 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 330 S TYRON ST SUITE 400 CHARLOTTE NC 28202 FOOD SERVICE 2298565 METROPOLITAN MECHANICAL CONTRACTOR 7450 FLYING CLOUD DRIVE EDEN PRAIRIE MN 55344 MECHANICAL SERVICES 405881 LOFFLER COMPANIES INC 1101 E 78TH ST SUITE 200 BLOOMINGTON MN 55420 COPIER AND PRINT SERVICES 346452 PARAGON DEVELOPMENT SYSTEMS INC N57W39605 STATE ROAD 16 OCONOMOWOC WI 53066 EQUIPMENT AND SERVICES 213191 CENTURY COLLEGE 3300 CENTURY AVE NO WHITE BEAR LAKE MN 55115 GRANT SUB-CONTRACTOR 202275 10 165179 3449747 8222237 1066922 11837163 TUITION AND FEES 611310 105283417 105283417 AUXILIARY ENTERPRISES 711210 8488475 8488475 OTHER STUDENT SERVICES 611710 2795448 2795448 EDUCATIONAL ACTIVITIES 611710 256273 256273 CONFERENCE REVENUE 611310 21139 21139 116844752 266096 148425 117671 833058 803020 30038 30038 30038 2798725 2048441 10892 750284 -10892 739392 739392 612441 165179 243446 368995 368995 4372 8666 -4294 -4294 130082142 116823613 195308 1226058 55949861 55949861 1310339 241753 872100 196486 38809921 34743610 2877939 1188372 2041327 1780435 200238 60654 4084443 3556876 427809 99758 2723615 2375523 267165 80927 218205 218205 90330 90330 148456 148456 7349615 6318116 519434 512065 200660 117711 77237 5712 2191778 1518866 610922 61990 1756276 1541745 161894 52637 3912362 3794319 117975 68 2595617 2270076 267358 58183 1406119 1154645 217886 33588 2539997 2373848 164706 1443 5650227 5294814 335147 20266 1235366 1165265 70101 DUES, FEES, & TAXES 1101996 662204 436961 2831 BAD DEBTS 751204 751204 REPAIRS & MAINTENANCE 723160 685907 37253 REFERENCE MATERIALS 491601 479993 7515 4093 101708 19517 81804 387 137384183 126045084 8959639 2379460 12750974 8306806 3760035 4129966 4613517 5487737 4525517 5623680 490024 515452 2262502 1645283 30717 37711 1201612 1357920 197774373 88053583 111927402 109720790 39157563 39902235 31997045 31437256 8063304 7783543 220780212 215948379 8887762 13766671 4754368 6295776 57647542 55668547 754933 746936 6945268 5919568 78989873 82397498 X 58520452 52195878 83269887 81355003 141790339 133550881 220780212 215948379 X -7302041 -751156 -186261 X X 0 1 X 1 1 1 X 10759814 17266009 17660164 23142357 11837163 80665507 10759814 17266009 17660164 23142357 11837163 80665507 676489 79989018 1063524 534174 188327 131328 117671 2035024 82700531 553544802 0.96720 0.95970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 147891 147891 0 PART II-B, LINE 1: AUGSBURG UNIVERSITY IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. AUGSBURG PAID THIS FIGURE IN MEMBERSHIP DUES TO MPCC DURING THE TAXABLE YEAR. A PORTION OF THIS AMOUNT SUPPORTED ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE AMOUNT OF LOBBYING PAID FROM AUGSBURG'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 0 1 X 70632324 2849518 16144 2606666 125930 70765390 68323244 2922136 1868529 2314723 166862 70632324 54133892 2979731 13267509 1929977 127911 68323244 50785630 3303596 2083857 1915704 123487 54133892 48219731 3040969 1407901 1743927 139044 50785630 0.00697 0.99303 0.00000 1 0 3960439 3960439 131362050 46077388 85284662 42034066 27496674 14537392 18445266 13423689 5021577 1972552 1055832 916720 109720790 ALTERNATIVE INVESTMENTS 31347320 F CSV LIFE INSURANCE 89936 F 31437256 ANNUITIES PAYABLE 271900 U.S. GOVERNMENT GRANTS REFUNDABLE 2087230 CAPITAL LEASE OBLIGATIONS 2071578 ENVIRONMENTAL REMEDIATION 722335 OPERATING LEASE OBLIGATIONS 766525 5919568 X 74166981 -751156 781584 30428 74136553 148456 55797133 55945589 130082142 82406439 967845 967845 81438594 148456 55797133 55945589 137384183 PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS RELATES TO AGENCY FUNDS THAT AUGSBURG UNIVERSITY HELPS TO ADMINISTER. THERE ARE APPROXIMATELY 11 AGENCIES THAT AUGSBURG UNIVERSITY CURRENTLY WORKS WITH IN THIS TYPE OF RELATIONSHIP. PART V, LINE 4: THE UNIVERSITY ENDOWMENT CONSISTS OF APPROXIMATELY 395 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES BASED ON DONOR RESTRICTIONS AND BOARD DESIGNATIONS. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE UNIVERSITY ENGAGES IN ACTIVITIES THAT ARE CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. THESE ACTIVITIES ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. A FEDERAL AND STATE TAX PROVISION OF $31,500 HAS BEEN RECORDED FOR THE YEARS ENDED MAY 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -164,090. SPECIAL EVENT EXPENSES 164,825. RENTAL EXPENSES 803,020. ADJUSTMENT OF ACTUARIAL LIABILITY -22,171. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 55,797,133. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 164,825. RENTAL EXPENSES AND COST OF GOODS SOLD 803,020. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 55,797,133. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STATEMENT IS PUBLISHED AT VARIOUS TIMES THROUGHOUT THE YEAR IN REGIONAL NEWSPAPERS ANNOUNCING REGISTRATION DATES AND PROGRAMS OFFERED. THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS BELIEF, NATIONAL OR ETHNIC ORIGIN, AGE, DISABILITY, GENDER, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, MARITAL STATUS, FAMILIAL STATUS, GENETIC INFORMATION, STATUS WITH REGARD TO PUBLIC ASSISTANCE, OR CITIZENSHIP IN ITS EDUCATION POLICIES, ADMISSION POLICIES, EMPLOYMENT, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC AND/OR SCHOOL-ADMINISTERED PROGRAMS, EXCEPT IN THOSE INSTANCES WHERE THERE'S A BONA FIDE OCCUPATIONAL QUALIFICATION OR TO COMPLY WITH STATE OR FEDERAL LAW. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH STUDENTS OF ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FOR THE STATE OF MINNESOTA AND THE U.S. GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS WORK STUDY, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND VARIOUS OTHER FEDERAL AND STATE GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 3 10 PROGRAM SERVICES SEMESTER LONG AND SHORT TERM STUDY ABROAD PROGRAMMING (IN PERSON AND/OR ONLINE) 449839 NORTH AMERICA 1 11 PROGRAM SERVICES SEMESTER LONG AND SHORT TERM STUDY ABROAD PROGRAMMING (IN PERSON AND/OR ONLINE) 654459 SUB-SAHARAN AFRICA 2 9 PROGRAM SERVICES SEMESTER LONG AND SHORT TERM STUDY ABROAD PROGRAMMING (IN PERSON AND/OR ONLINE) 531721 EUROPE (INCLUDING ICELAND & GREENLAND) 2 2 PROGRAM SERVICES SEMESTER LONG AND SHORT TERM STUDY ABROAD PROGRAMMING (IN PERSON AND/OR ONLINE) 74529 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS N/A 119765 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 INVESTMENTS N/A 160449 8 32 0 0 8 32 1990762 0 1990762 1 0 1 0 0 0 PART I, LINE 2: THE MAJORITY OF EXPENDITURES RELATE TO WIRE TRANSFERS MADE TO FOREIGN OFFICES TO COVER PAYMENTS MADE DIRECTLY OUT OF THESE OFFICES FOR EXPENDITURES INCURRED FOR INSTRUCTION OF STUDENTS WHILE ATTENDING COURSES AT THESE LOCATIONS. REMAINING EXPENDITURES RELATE TO PAYMENTS MADE DIRECTLY TO VENDORS FOR SERVICES PROVIDED TO THE UNIVERSITY BY FOREIGN VENDORS. ALL REQUESTS FOR PAYMENTS/WIRES ARE REVIEWED AND APPROVED BY APPROPRIATE SUPERVISORS OF THE RELATED DEPARTMENT. PART I, LINE 3: THE UNIVERSITY USES THE ACCRUAL METHOD TO REPORT EXPENDITURES AND INVESTMENTS ON SCHEDULE F. PART III ACCOUNTING METHOD: STEPUP GALA 682106 91083 591023 78621 3124 43834 2000 81394 GLO GOLF 29860 20185 9675 1200 5814 4523 1208 4 65654 53911 11743 0 7519 12674 750 785 777620 165179 612441 1200 78621 16457 61031 2750 83387 243446 368995 1 TUITION ASSISTANCE AND SCHOLARSHIPS 2948 55949861 0 N/A N/A PART I, LINE 2: AUGSBURG UNIVERSITY OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THE OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE MUST ALSO MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS PUT IN PLACE BY THE UNIVERSITY, GOVERNMENT AGENCIES, OR BY DONORS OF RESTRICTED FUNDS. FUNDS ARE DEPOSITED DIRECTLY INTO THE STUDENT'S ACCOUNT TO BE USED FOR TUITION. X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 PAUL PRIBBENOW PRESIDENT 383297 0 0 0 8902 0 63091 0 102809 0 558099 0 0 0 ROBERT GOULD VP OF STRATEGIC ENROLLMENT 218008 0 0 0 666 0 14915 0 10632 0 244221 0 0 0 REBECCA JOHN VP AND COO 192465 0 0 0 994 0 15985 0 6330 0 215774 0 0 0 JOHN COSKRAN CFO 202285 0 0 0 622 0 9478 0 3272 0 215657 0 0 0 PHILLIP ADAMO PROFESSOR 47692 0 0 0 162126 0 3963 0 1841 0 215622 0 0 0 LEIF ANDERSON VP AND CSO 184223 0 0 0 988 0 15575 0 10862 0 211648 0 0 0 AMY ALKIRE VP OF ADVANCEMENT 169915 0 0 0 473 0 14756 0 12807 0 197951 0 0 0 SARAH ERKKINEN ASSIST. VP INSTITUTIONAL ADVANCEMENT 156811 0 0 0 360 0 8198 0 12333 0 177702 0 0 0 MONICA DEVERS DEAN OF PROF. STUDIES 146748 0 0 0 938 0 11962 0 2200 0 161848 0 0 0 PART I, LINE 1A PAUL PRIBBENOW - RESIDENCE PROVIDED AS PART OF EMPLOYMENT CONTRACT, HEALTH OR SOCIAL CLUB DUES, VEHICLE LEASE FOR BUSINESS USE NOT INCLUDED IN TAXABLE INCOME. PART I, LINES 4A-B NAME: PAUL PRIBBENOW, DESCRIPTION: 457(F) PLAN, CURRENT YEAR AMOUNT: $38,500. PLAN DESCRIPTION: 457 PLAN NAME: PHILLIP ADAMO, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $161,732. PLAN DESCRIPTION: SEVERANCE A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HE42 2014-07-30 6705000 REFINANCE SERIES 6-C BONDS 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2015-04-15 12400000 REFINANCE SERIES 6-J1 BONDS 0 0 0 C MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2016-12-01 32240000 CSBR FINANCING 0 0 0 D MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416H2T0 2016-12-01 13680000 CSBR FINANCING 0 0 0 A 6705000 6705000 134100 6064972 2014 1 0 1 1 B 3735000 12400000 90613 12309387 2015 1 0 1 1 C 33836864 2611717 1328839 366737 29529571 2017 0 0 1 1 D 2420000 13584240 1108197 155614 12320429 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2019 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2019 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2019-08-29 2920000 REFINANCE SERIES SIX-J2 AND SERIES SEVEN-G. 0 0 0 A 2920000 136473 2783527 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 WILLIAM FRAME FORMER OFFICER LOAN AGAINST LIFE INSURANCE POLICY X 194965 515452 0 1 1 515452 X 31 988301 FAIR MARKET VALUE X AUCTION ITEMS 83 78621 ESTIMATED FMV 0 0 1 1 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE UNIVERSITY USES A THIRD PARTY, GIVEMN.ORG, TO PROCESS AND SELL NON-CASH CONTRIBUTIONS DURING GIVE TO THE MAX DAY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR AND OTHER OFFICERS PLUS AT LEAST FOUR OTHER MEMBERS ELECTED BY THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF REGENTS IN THE MANAGEMENT OF THE BUSINESS OF THE UNIVERSITY IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION A, LINE 6 THE VOTING MEMBERS OF THE UNIVERSITY ARE THE GOVERNING MEMBERS. THE GOVERNING MEMBERSHIP CONSISTS OF: (1) SEVENTY-SIX MEMBERS FROM THE FOLLOWING SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA: MINNEAPOLIS AREA SYNOD, SAINT PAUL AREA SYNOD, SOUTHEASTERN MINNESOTA SYNOD, AND NORTHWEST SYNOD OF WISCONSIN. EACH SUCH SYNOD SHALL HAVE REPRESENTATION WHICH SHALL BE PROPORTIONATE TO ITS COMPARATIVE BAPTIZED MEMBERSHIP; (2) THE BISHOP, OR THE BISHOP'S DESIGNEE, FROM EACH SUCH SYNOD; (3) TEN MEMBERS FROM THE BOARD OF REGENTS; (4) FOUR MEMBERS FROM THE FACULTY: THE CHAIR OF THE FACULTY SENATE AND THE CHAIRS OF AUGSBURG UNIVERSITY'S THREE DIVISIONS-FINE ARTS AND HUMANITIES, NATURAL AND SOCIAL SCIENCES, AND PROFESSIONAL STUDIES; (5) THREE MEMBERS OF THE UNIVERSITY ADMINISTRATION DETERMINED IN THE DISCRETION OF THE PRESIDENT; AND (6) TWO CURRENT STUDENTS HOLDING ELECTED SEATS AS MEMBERS OF THE STUDENT GOVERNMENT. MEMBERS FROM EACH CONSTITUENT GROUP SHALL BE SELECTED BY PROCEDURES DETERMINED BY THEIR PARTICULAR BODY UNLESS OTHERWISE SPECIFIED IN THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING MEMBERSHIP ELECTS THE MEMBERS OF THE UNIVERSITY'S BOARD OF REGENTS AND THE NOMINATING COMMITTEE. THE GOVERNING MEMBERSHIP ALSO ESTABLISHES AND ELECTS MEMBERS TO SUCH OTHER COMMITTEES IT DEEMS NECESSARY TO CONDUCT ITS BUSINESS. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING MEMBERSHIP MUST APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE UNIVERSITY, TO MERGE OR CONSOLIDATE WITH ANOTHER CORPORATION, TO DISPOSE OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF THIS UNIVERSITY, OR TO DISSOLVE THE UNIVERSITY. THE GOVERNING MEMBERSHIP RECEIVES REPORTS FROM THE BOARD OF REGENTS AND ADMINISTRATION OF THE UNIVERSITY AND GENERALLY ACQUAINTS ITSELF WITH THE PROGRESS AND NEEDS OF THE UNIVERSITY. ITS OBJECTIVES ARE TO STRENGTHEN THE UNIVERSITY SPIRITUALLY AND ACADEMICALLY, TO PROMOTE THE UNIVERSITY IN APPROPRIATE FORUMS, AND TO PROVIDE WHATEVER OTHER FORMS OF ASSISTANCE IT MAY FIND FEASIBLE AND APPROPRIATE. IT MAY MAKE RECOMMENDATIONS TO THE BOARD OF REGENTS AS IT DEEMS ADVISABLE. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT PUBLIC ACCOUNTING FIRM PREPARES THE FORM 990 BASED ON DATA SUPPLIED BY MANAGEMENT OF THE UNIVERSITY. THE DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT WITH ANY CORRECTIONS AND CHANGES BEING INCORPORATED INTO THE DOCUMENT. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FILING OF THE 990 AND 990-T. THE FULL TAX RETURN IS POSTED TO THE BOARD MEMBER PORTAL PRIOR TO FILLING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AUGSBURG UNIVERSITY HAS BOTH A CONFLICT OF INTEREST POLICY SPECIFIC TO ITS BOARD OF REGENTS AND EMPLOYEES TO PROTECT AND SAFEGUARD THE INTERESTS OF AUGSBURG UNIVERSITY. EACH YEAR, THE BOARD OF REGENTS ARE REQUIRED TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST IN THEIR SERVICE TO AUGSBURG UNIVERSITY. SUCH FORMS ARE REVIEWED BY THE BOARD CHAIR, OR HIS/HER DESIGNEE, WITH APPROPRIATE ACTION TAKEN. REGENTS ARE REQUIRED TO DISCLOSE ANY CONFLICT PRIOR TO DISCUSSION AT MEETINGS AND TO RECUSE THEMSELVES FROM VOTING, AS RECORDED IN THE MINUTES. AUGSBURG UNIVERSITY ALSO SEEKS TO AVOID CONFLICTS BETWEEN THE PERSONAL INTERESTS OF EMPLOYEES AND THE INTERESTS OF THE UNIVERSITY. IN THE EVENT AN EMPLOYEE OR THEIR FAMILY MEMBER MAY HAVE A FINANCIAL, PERSONAL, OR PROFESSIONAL INTEREST THAT COULD POTENTIALLY CREATE AN ADVERSE CONFLICT OF INTEREST INVOLVING THE UNIVERSITY, THE EMPLOYEE IS REQUIRED TO PROVIDE WRITTEN DISCLOSURE TO THE APPROPRIATE VICE PRESIDENT. THE EMPLOYEE IS THEN REQUIRED TO REFRAIN FROM PARTICIPATING IN THE UNIVERSITY'S CONSIDERATION OR PROCESSING OF THE TRANSACTION TO AVOID ANY INFLUENCE UPON SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED, AND ADJUSTED IF NECESSARY, ANNUALLY BY THE BOARD OF REGENTS EXECUTIVE COMMITTEE. IN YEARS WHERE AN EXTERNAL FIRM IS NOT ENGAGED, HUMAN RESOURCES PROVIDES SURVEY DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). THIS INFORMATION IS BASED ON OVER 150 SCHOOLS THAT COMPARE TO AUGSBURG REGARDING ENROLLMENT SIZE, ACADEMIC PROGRAMS, BUDGET SIZE, AS WELL AS OTHER ELCA COLLEGES. THIS INFORMATION IS SENT TO THE EXECUTIVE COMMITTEE EACH SUMMER AND THEN THE REVIEW OCCURS DURING THE NEXT FEW MONTHS BEFORE BEING COMMUNICATED TO THE PRESIDENT IN THE FALL BY THE BOARD CHAIR. IF A SALARY INCREASE IS APPROVED BY THE BOARD, A PERSONNEL ACTION REQUEST FORM IS SUBMITTED. THIS COMPENSATION PROCESS WAS LAST EVALUATED IN 2022. THE PRESIDENT ANNUALLY REVIEWS THE COMPENSATION FOR ALL MEMBERS OF THE PRESIDENT'S LEADERSHIP TEAM (PLT). HE DETERMINES THE COMPENSATION FOR HIS DIRECT REPORT BUT LEAVES THE FINAL DECISION TO THE APPROPRIATE VICE PRESIDENT FOR EMPLOYEES THAT DO NOT REPORT DIRECTLY TO HIM. HUMAN RESOURCES PROVIDES SURVEY DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) AS WELL AS INDUSTRY SPECIFIC COMPENSATION INFORMATION FOR CERTAIN POSITIONS. THE CIPA-HR SALARY INFORMATION IS BASED ON OVER 150 SCHOOLS THAT COMPARE TO AUGSBURG REGARDING ENROLLMENT SIZE, ACADEMIC PROGRAMS, BUDGET SIZE, AS WELL AS OTHER ELCA COLLEGES. HUMAN RESOURCES PROVIDES THIS INFORMATION TO THE PRESIDENT EACH SPRING/SUMMER AND THE REVIEW OCCURS DURING THE NEXT FEW MONTHS. THE PRESIDENT COMMUNICATES THE COMPENSATION INCREASE TO THE PLT MEMBERS AND HUMAN RESOURCES ENSURES A PERSONNEL ACTION REQUEST IS COMPLETED. THIS COMPENSATION PROCESS WAS LAST EVALUATED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY -22,171. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -164,090. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ZEBRA INVESTMENTS SIX LIMITED FIVE SIMPSON STREET WINDHOEK WEST WA FOREIGN CAMPUS WA AUGSBURG UNIVERSITY C 648570 451314 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 ZEBRA INVESTMENTS SIX LIMITED Q 535442 ACTUAL EXPENSES