DRAKE UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- DRAKE UNIVERSITY (EIN 42-0680460)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-07
- IRS object ID
- 202401289349303660
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-07T16:54:55-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRAKE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DRAK | BusinessNameControlTxt |
| Phone | 5152713112 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVENUE | AddressLine1Txt |
| City | DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50311 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADAM VOIGTS | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 5152713112 | PhoneNum |
| Signature | 2024-01-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ADAM | PersonFirstNm |
| Person Last | VOIGTS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2024-05-05 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | EARL F MARTIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVENUE | AddressLine1Txt |
| City | DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50311 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $295,304,001 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.DRAKE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1881 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O.DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 2984 | TotalEmployeeCnt |
| Total Volunteers | 4716 | TotalVolunteersCnt |
| Total Gross UBI | $51,780 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $13,432 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $48,766,464 | PYContributionsGrantsAmt |
| CY Contributions Grants | $52,717,798 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $190,438,490 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $193,042,717 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,980,915 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,336,673 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,788,424 | PYOtherRevenueAmt |
| CY Other Revenue | $6,007,795 | CYOtherRevenueAmt |
| PY Total Revenue | $252,974,293 | PYTotalRevenueAmt |
| CY Total Revenue | $259,104,983 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $82,130,077 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $84,144,553 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $96,274,791 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $101,178,526 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $261,631 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $132,442 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,722,183 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $59,330,727 | PYOtherExpensesAmt |
| CY Other Expenses | $60,888,606 | CYOtherExpensesAmt |
| PY Total Expenses | $237,997,226 | PYTotalExpensesAmt |
| CY Total Expenses | $246,344,127 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,977,067 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,760,856 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $538,166,489 | TotalAssetsBOYAmt |
| Total Assets EOY | $568,210,282 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $94,289,004 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $90,602,626 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $443,877,485 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $477,607,656 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O.DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $205,529,299 | ExpenseAmt |
| Grant | $84,144,553 | GrantAmt |
| Revenue | $180,532,829 | RevenueAmt |
| Desc | DRAKE UNIVERSITY IS A NATIONAL COEDUCATIONAL, INDEPENDENT AND PRIVATE UNIVERSITY WITH APPROXIMATELY 5,000 STUDENTS. DRAKE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF SCHOOLS AND COLLEGES. | Desc |
| Total Program Service Expenses | $205,529,299 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8148 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2984 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAM VOIGTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5152713112 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVE | AddressLine1Txt |
| City | DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50311 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|---|
| DARIAN DEVRIES | ||||||||
| HEAD MEN'S BASKETBALL COACH | 40.00 | 0.00 | Yes (X) | $631,257 | $0 | $46,066 | ||
| EARL MARTIN | ||||||||
| PRESIDENT | 40.00 | 5.00 | $493,003 | $0 | $152,927 | Yes (X) | Yes (X) | |
| ALLAN VESTAL | ||||||||
| PROFESSOR OF LAW | 40.00 | 0.00 | Yes (X) | $270,284 | $0 | $41,381 | ||
| JERRY ANDERSON | ||||||||
| DEAN OF LAW SCHOOL | 40.00 | 0.00 | Yes (X) | $253,856 | $0 | $42,363 | ||
| BRIAN HARDIN | ||||||||
| DIRECTOR OF ATHLETICS | 40.00 | 0.00 | Yes (X) | $247,146 | $0 | $40,907 | ||
| SUE MATTISON | ||||||||
| PROVOST | 40.00 | 0.00 | $237,519 | $0 | $36,018 | Yes (X) | ||
| ALLISON POHLMAN | ||||||||
| HEAD WOMEN'S BASKETBALL COACH | 40.00 | 0.00 | Yes (X) | $224,970 | $0 | $15,398 | ||
| JOHN SMITH | ||||||||
| VP OF INST. ADVANCEMENT | 40.00 | 0.00 | $206,761 | $0 | $36,794 | Yes (X) | ||
| ADAM VOIGTS | ||||||||
| CFO & TREASURER | 40.00 | 1.00 | $194,061 | $0 | $36,009 | Yes (X) | ||
| VENESSA KUHLMANN-MACRO | ||||||||
| CHIEF ADMIN OFFICER | 40.00 | 0.00 | $174,014 | $0 | $35,818 | Yes (X) | ||
| MARK ERNST | ||||||||
| TRUSTEE & BOARD CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| JOE AIELLO | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 3.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| JONATHAN AZU | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| PAUL DOUCETTE | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| PEGGY FISHER | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| DOUGLAS LANG | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| PAUL LEAVITT | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| CYNTHIA LESHER | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| PAUL SCHICKLER | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| JIM WALLACE | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| LINDSAY WHORTON | ||||||||
| TRUSTEE & VICE CHAIR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| TOM BERNAU | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| KAREN BRANDING | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| DOUGLAS BRUCE | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| SUZIE BURT | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| MARTHA CAPPS | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| LOUIS CARR | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| JOHNNIE CARSON | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| MARTA CODINA | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| PETER COWNIE | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| KATHY FEHRMAN | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| DAVID GOLDER | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| DANIEL JACOBI | ||||||||
| TRUSTEE | 1.00 | 3.00 | $0 | $0 | $0 | Yes (X) | ||
| GREG JOHANSEN | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| CATHRYN LACY | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| RACHEL MCLEAN | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| DAVID MILES | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| AMY OHDE | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| RUDOLPH D TREBELS | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| IKE VANDEN EYKEL | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| LARRY ZIMPLEMAN | ||||||||
| TRUSTEE | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,932,871 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $483,681 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 162 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| PO BOX 360170 | PITTSBURG | PA | 15262 | FOOD SERVICES | $6,260,503 |
| DES MOINES INDEPENDENT COMMUNITY SCHOOL | |||||
| 2100 FLEUR DR | DES MOINES | IA | 50321 | HEAD START PROGRAM & MEDIACOM STADIUM | $5,294,457 |
| CARROLL SEATING COMPANY INC | |||||
| 1360 N WOOD DALE RD SUITE A | WOOD DALE | IL | 60191 | SEATING INSTALLATION SERVICES | $3,419,135 |
| STORY CONSTRUCTION | |||||
| 2810 WAKEFIELD CIR | AMES | IA | 50010 | CONSTRUCTION SERVICES | $2,692,036 |
| WILEY EDU LLC | |||||
| 1415 W 22ND ST | OAK BROOK | IL | 60523 | ONLINE STRATEGIC CONSULTING & SUPPORT | $1,335,117 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 77 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $328,929 | FundraisingAmt |
| Government Grants | $14,994,230 | GovernmentGrantsAmt |
| All Other Contributions | $37,394,639 | AllOtherContributionsAmt |
| Noncash Contributions | $4,261,091 | NoncashContributionsAmt |
| Total Contributions | $52,717,798 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| TUITION REVENUE | 611710 | $169,494,039 | $169,494,039 | ||
| STUDENT MEAL INCOME | 721000 | $8,875,637 | $8,875,637 | ||
| STUDENT HOUSING INCOME | 721310 | $8,241,096 | $8,241,096 | ||
| ATHLETICS REVENUE | 711210 | $5,352,259 | $5,312,857 | $39,402 | |
| PARKING FEES | 812930 | $559,025 | $559,025 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $520,661 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,700 | UnrelatedBusinessRevenueAmt |
| Exclusion | $518,961 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $193,042,717 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,143,783 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $10,678 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,133,105 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $877,185 | TotalRevenueColumnAmt |
| Exclusion | $877,185 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $259,745 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $321,450 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$61,705 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$61,705 | TotalRevenueColumnAmt |
| Exclusion | -$61,705 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,876,083 | SecuritiesAmt |
| Other | $89,576 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,583,676 | SecuritiesAmt |
| Other | $189,093 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,292,407 | SecuritiesAmt |
| Other | -$99,517 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,192,890 | TotalRevenueColumnAmt |
| Exclusion | $4,192,890 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $116,545 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $328,929 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $104,799 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,746 | TotalRevenueColumnAmt |
| Exclusion | $11,746 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 611710 | $4,842,943 | $4,842,943 | |
| CONFERENCE INCOME | 611710 | $323,965 | $323,965 | |
| VENDING MACHINES | 721000 | $13,661 | $13,661 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,180,569 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $259,104,983 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $180,532,829 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $51,780 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,802,576 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,144,553 | TotalAmt |
| Program Services | $84,144,553 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,556,339 | TotalAmt |
| Program Services | $280,141 | ProgramServicesAmt |
| Management And General | $1,011,620 | ManagementAndGeneralAmt |
| Fundraising | $264,578 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,606,319 | TotalAmt |
| Program Services | $60,569,571 | ProgramServicesAmt |
| Management And General | $12,064,073 | ManagementAndGeneralAmt |
| Fundraising | $1,972,675 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,885,288 | TotalAmt |
| Program Services | $4,579,414 | ProgramServicesAmt |
| Fundraising | $305,874 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,772,798 | TotalAmt |
| Program Services | $5,828,091 | ProgramServicesAmt |
| Management And General | $8,687,168 | ManagementAndGeneralAmt |
| Fundraising | $257,539 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,357,782 | TotalAmt |
| Program Services | $3,924,961 | ProgramServicesAmt |
| Management And General | $1,299,252 | ManagementAndGeneralAmt |
| Fundraising | $133,569 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,971 | TotalAmt |
| Program Services | $18,151 | ProgramServicesAmt |
| Management And General | $208,820 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,990 | TotalAmt |
| Management And General | $152,990 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,442 | TotalAmt |
| Fundraising | $132,442 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $726,026 | TotalAmt |
| Management And General | $726,026 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,286,874 | TotalAmt |
| Program Services | $4,286,874 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $812,287 | TotalAmt |
| Program Services | $411,663 | ProgramServicesAmt |
| Management And General | $337,544 | ManagementAndGeneralAmt |
| Fundraising | $63,080 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $862,834 | TotalAmt |
| Program Services | $671,449 | ProgramServicesAmt |
| Management And General | $103,898 | ManagementAndGeneralAmt |
| Fundraising | $87,487 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,487 | TotalAmt |
| Program Services | $108,170 | ProgramServicesAmt |
| Management And General | $163,087 | ManagementAndGeneralAmt |
| Fundraising | $2,230 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,913,201 | TotalAmt |
| Program Services | $252,409 | ProgramServicesAmt |
| Management And General | $4,660,792 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,302,498 | TotalAmt |
| Program Services | $4,945,551 | ProgramServicesAmt |
| Management And General | $274,070 | ManagementAndGeneralAmt |
| Fundraising | $82,877 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,683,123 | TotalAmt |
| Program Services | $1,329,046 | ProgramServicesAmt |
| Management And General | $296,280 | ManagementAndGeneralAmt |
| Fundraising | $57,797 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,861,171 | TotalAmt |
| Program Services | $10,843,269 | ProgramServicesAmt |
| Management And General | $17,902 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,617,187 | TotalAmt |
| Program Services | $379,290 | ProgramServicesAmt |
| Management And General | $1,237,782 | ManagementAndGeneralAmt |
| Fundraising | $115 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONTRACTS & LEASES | $16,495,575 | $13,400,426 | $2,857,164 | $237,985 |
| SUPPLIES & EQUIPMENT | $4,823,017 | $3,556,435 | $1,246,352 | $20,230 |
| DUES & SUBSCRIPTIONS | $3,376,874 | $2,820,293 | $525,467 | $31,114 |
| LICENSES & COPYRIGHT | $2,212,935 | $990,162 | $1,222,358 | $415 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,261,556 | TotalAmt |
| Program Services | $2,189,380 | ProgramServicesAmt |
| Fundraising | $72,176 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,344,127 | TotalAmt |
| Program Services | $205,529,299 | ProgramServicesAmt |
| Management And General | $37,092,645 | ManagementAndGeneralAmt |
| Fundraising | $3,722,183 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,966,321 | BOYAmt |
| EOY | $25,539,998 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,190,371 | BOYAmt |
| EOY | $30,608,075 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,803,585 | BOYAmt |
| EOY | $35,807,156 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,925,164 | BOYAmt |
| EOY | $4,366,767 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,865,481 | BOYAmt |
| EOY | $6,953,584 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,900 | BOYAmt |
| EOY | $129,054 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,596,943 | BOYAmt |
| EOY | $7,708,300 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $419,920,660 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $192,248,584 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,027,439 | BOYAmt |
| EOY | $227,672,076 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,461,978 | BOYAmt |
| EOY | $80,024,621 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,207,307 | BOYAmt |
| EOY | $148,682,646 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $718,005 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $538,166,489 | BOYAmt |
| EOY | $568,210,282 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,256,679 | BOYAmt |
| EOY | $10,331,530 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,217,025 | BOYAmt |
| EOY | $5,127,415 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,046,052 | BOYAmt |
| EOY | $12,122,971 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,944,744 | BOYAmt |
| EOY | $42,303,247 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,445,233 | BOYAmt |
| EOY | $7,459,632 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,379,271 | BOYAmt |
| EOY | $13,257,831 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,289,004 | BOYAmt |
| EOY | $90,602,626 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,238,433 | BOYAmt |
| EOY | $221,287,408 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,639,052 | BOYAmt |
| EOY | $256,320,248 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $443,877,485 | BOYAmt |
| EOY | $477,607,656 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $538,166,489 | BOYAmt |
| EOY | $568,210,282 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $12,760,856 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $20,934,823 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $34,492 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,751,897 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,315,962 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,477,675 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,766,464 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,717,798 | CurrentTaxYearAmt |
| Total | $214,029,796 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,751,897 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,315,962 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,477,675 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,766,464 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,717,798 | CurrentTaxYearAmt |
| Total | $214,029,796 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,456,160 | SubstantialContributorsTotAmt |
| Public Support Total170 | $208,573,636 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,369,587 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,693,951 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,883,375 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,292,998 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,270,035 | CurrentTaxYearAmt |
| Total | $19,509,946 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $210,466 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,582 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,429 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $183,661 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,469 | CurrentTaxYearAmt |
| Total | $459,607 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $233,999,349 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $374,109,134 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89130 | PublicSupportCY170Pct |
| Public Support PY170 | 0.88710 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $245,420,135 | BeginningYearBalanceAmt |
| Contributions | $6,921,298 | ContributionsAmt |
| Investment Earnings Or Losses | $28,448,779 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,802,599 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,155,553 | OtherExpendituresAmt |
| Administrative Expenses | $930,105 | AdministrativeExpensesAmt |
| End Year Balance | $266,901,955 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $279,782,244 | BeginningYearBalanceAmt |
| Contributions | $6,134,781 | ContributionsAmt |
| Investment Earnings Or Losses | -$27,374,223 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,315,400 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,858,186 | OtherExpendituresAmt |
| Administrative Expenses | $949,081 | AdministrativeExpensesAmt |
| End Year Balance | $245,420,135 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $219,800,168 | BeginningYearBalanceAmt |
| Contributions | $4,848,372 | ContributionsAmt |
| Investment Earnings Or Losses | $67,040,876 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,751,300 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,358,590 | OtherExpendituresAmt |
| Administrative Expenses | $797,282 | AdministrativeExpensesAmt |
| End Year Balance | $279,782,244 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $226,154,907 | BeginningYearBalanceAmt |
| Contributions | $3,343,141 | ContributionsAmt |
| Investment Earnings Or Losses | $1,930,445 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,641,400 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,256,630 | OtherExpendituresAmt |
| Administrative Expenses | $730,295 | AdministrativeExpensesAmt |
| End Year Balance | $219,800,168 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $219,494,332 | BeginningYearBalanceAmt |
| Contributions | $7,223,228 | ContributionsAmt |
| Investment Earnings Or Losses | $10,498,492 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,392,740 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,943,024 | OtherExpendituresAmt |
| Administrative Expenses | $725,382 | AdministrativeExpensesAmt |
| End Year Balance | $226,154,906 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.25730 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.62630 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.11640 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $5,107,651 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $29,433,838 | OtherCostOrOtherBasisAmt |
| Book Value | $34,541,489 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $290,331,400 | OtherCostOrOtherBasisAmt |
| Depreciation | $132,163,584 | DepreciationAmt |
| Book Value | $158,167,816 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $81,934,583 | OtherCostOrOtherBasisAmt |
| Depreciation | $60,085,000 | DepreciationAmt |
| Book Value | $21,849,583 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,113,188 | OtherCostOrOtherBasisAmt |
| Book Value | $13,113,188 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $227,672,076 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CASH SURRENDER VALUE OF LIFE INSURANCE | $3,897,678 | F |
| FUNDS HELD IN TRUST BY OTHERS | $11,334,522 | F |
| PRIVATE EQUITY | $133,450,446 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $148,682,646 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POSTRETIREMENT BENEFIT OBLIGATION | $10,350,499 |
| REAL ESTATE DEPOSIT | $21,480 |
| FIN 47 LIABILITY | $1,272,642 |
| AGENCY FUNDS | $30,734 |
| ANNUITIES PAYABLE | $878,661 |
| LEASE LIABILITY | $703,815 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,257,831 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $195,629,968 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $20,934,823 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$84,110,061 | OtherRevenueAmt |
| Revenue Not Reported | -$63,175,238 | RevenueNotReportedAmt |
| Revenue Subtotal | $258,805,206 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $726,026 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$426,249 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $299,777 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $259,104,983 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $161,899,797 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $426,249 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $426,249 | ExpensesNotReportedAmt |
| Expenses Subtotal | $161,473,548 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $726,026 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $84,144,553 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $84,870,579 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $246,344,127 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | WORKS OF ART - THE UNIVERSITY MAINTAINS SEVERAL COLLECTIONS, WHICH ARE NOT REPORTED FOR FINANCIAL STATEMENT PURPOSES. THESE COLLECTIONS INCLUDE WORKS OF ART, NATURAL HISTORY ARTIFACTS, AND OTHER SIMILAR OBJECTS. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH IN FURTHERANCE OF THE UNIVERSITY'S GOAL TO PROVIDE PUBLIC SERVICE. VARIOUS UNIVERSITY DEPARTMENTS HAVE THE RESPONSIBILITY TO CONTROL, PRESERVE AND PROTECT THESE COLLECTIONS. |
| PART III, LINE 4: | COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH IN FURTHERANCE OF THE UNIVERSITY'S GOAL TO PROVIDE PUBLIC SERVICE. |
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT CONSISTS OF DONOR GIFTS PLUS OTHER BOARD DESIGNATED FUNDS WHICH ARE DEEMED TO BE HELD AND INVESTED IN PERPETUITY. THE BOARD OF TRUSTEES APPROVES A SPENDING POLICY FOR THE ENDOWMENT. ENDOWMENT EARNINGS ARE SPENT ON SCHOLARSHIPS AND AWARDS, GENERAL EDUCATION SUPPORT AND LIBRARIES, GENERAL UNIVERSITY OPERATIONS, AND FACULTY CHAIRS AND PROFESSORSHIPS IN ACCORDANCE WITH DONOR RESTRICTIONS AND BOARD RESTRICTIONS. |
| PART X, LINE 2: | THE UNIVERSITY HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS A CHARITABLE EDUCATIONAL INSTITUTION. AS SUCH, THE UNIVERSITY IS TAXED ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER SECTION 511 OF THE CODE. GAAP REQUIRES MANAGEMENT EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE STATUTE OF LIMITATIONS ON THE UNIVERSITY'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEARS ENDED JUNE 30, 2020, THROUGH THE PRESENT. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST AGREEMENTS -158,113. CHANGE IN POSTRETIREMENT PLAN BENEFITS 192,605. SCHOLARSHIPS -84,144,553. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES -321,450. FUNDRAISING EXPENSES -104,799. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 321,450. FUNDRAISING EXPENSES 104,799. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 84,144,553. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | DRAKE UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF SEX, COLOR, RELIGION, NATIONAL OR ETHNIC ORIGINS, AGE, SEXUAL ORIENTATION, DISABILITY OR VETERAN DISABILITY STATUS IN ADMINISTRATION OF ITS POLICIES ENCOMPASSING THE ENTIRE UNIVERSITY. DRAKE RESERVES THE RIGHT TO TAKE AFFIRMATIVE ACTION IN CONNECTION WITH THIS POLICY. DRAKE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DURING REGISTRATION BECAUSE PARAGRAPH 4.03(2)(B) OF REV. PROC. 75-50 APPLIES. THE NONDISCRIMINATORY POLICY IS PROVIDED ON THE UNIVERSITY WEBSITE INCLUDING ON THE HOMEPAGE THROUGH THE POLICY LIBRARY AND NONDISCRIMINATION & ACCESSIBILITY LINKS. |
| SCHEDULE E, PART I, LINE 6 | DRAKE RECEIVES TITLE IV FINANCIAL AID FOR STUDENTS FROM THE DEPARTMENT OF EDUCATION PELL GRANT PROGRAM, SEOG, WORK STUDY PROGRAM, PERKINS AND HEALTH PROFESSIONS STUDENT LOAN PROGRAMS AND DIRECT LOAN PROGRAM. THE UNIVERSITY RECEIVES STATE-FUNDED STUDENT ASSISTANCE THROUGH PROGRAMS MANAGED BY IOWA COLLEGE STUDENT AID COMMISSION. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $43,230,609 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $2,076,455 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $836,224 | STUDY ABROAD - INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $303,154 | STUDY ABROAD - INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $11,403 | STUDY ABROAD - INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $72,084 | STUDY ABROAD - INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $64,128 | STUDY ABROAD - INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $46,594,057 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $46,594,057 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | ACCRUAL METHOD |
| PART III ACCOUNTING METHOD: |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| BUSINESSMINE LLC | ||||||||
| 784 OAK CREEK DRIVE | LOMBARD | IL | 60148 | MAILING SERVICES | 0 | $0 | $97,797 | -$97,797 |
| RUFFALO NOEL LEVITZ | ||||||||
| 5249 N PARK PL NE 1061 | CEDAR RAPIDS | IA | 52402 | DATA CLEANUP/DAY OF GIVING | 0 | $0 | $32,713 | -$32,713 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $130,510 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$130,510 | TotalNetToOrganizationAmt |
| Licensed States | IA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | RAY CENTER DINNER | Event1Nm |
| Gross Receipts Event1 | $324,835 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $308,655 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $16,180 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $36,926 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $14,539 | OtherDirectExpensesEvent1Amt |
| Event2 | RAY CENTER AUCTION | Event2Nm |
| Gross Receipts Event2 | $61,300 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $20,274 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $41,026 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $41,026 | NonCashPrizesEvent2Amt |
| Other Direct Expenses Event2 | $6,055 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $59,339 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $59,339 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $6,253 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $445,474 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $328,929 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $116,545 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $41,026 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $36,926 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $26,847 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $104,799 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $11,746 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| DRAKE UNIVERSITY AWARDED STUDENT AID | 3137 | $78,015,714 | $0 | N/A | N/A |
| DONOR RESTRICTED/ENDOWED SCHOLARSHIPS | 1009 | $6,128,839 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DRAKE UNIVERSITY HAS EMPLOYEES DEDICATED TO POST-AWARD REVIEW AND COMPLIANCE FOR ALL FEDERAL, STATE, AND PRIVATE GRANTS RECEIVED. IN ADDITION, DRAKE RECEIVES AN A-133 AUDIT ON AN ANNUAL BASIS FROM THE EXTERNAL AUDIT FIRM. OUR FY23 A-133 AUDIT EXPRESSED AN UNQUALIFIED OPINION WITH NO FINDINGS, NO SIGNIFICANT DEFICIENCIES IN INTERNAL CONTROL, AND NO INSTANCES OF MATERIAL NONCOMPLIANCE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DARIAN DEVRIES | ||||||||||||||
| HEAD MEN'S BASKETBALL COACH | $576,275 | $0 | $50,000 | $0 | $4,982 | $0 | $24,400 | $0 | $21,666 | $0 | $677,323 | $0 | $0 | $0 |
| EARL MARTIN | ||||||||||||||
| PRESIDENT | $404,212 | $0 | $74,000 | $0 | $14,791 | $0 | $94,400 | $0 | $58,527 | $0 | $645,930 | $0 | $0 | $0 |
| ALLAN VESTAL | ||||||||||||||
| PROFESSOR OF LAW | $265,768 | $0 | $0 | $0 | $4,516 | $0 | $21,284 | $0 | $20,097 | $0 | $311,665 | $0 | $0 | $0 |
| JERRY ANDERSON | ||||||||||||||
| DEAN OF LAW SCHOOL | $249,857 | $0 | $0 | $0 | $3,999 | $0 | $20,599 | $0 | $21,764 | $0 | $296,219 | $0 | $0 | $0 |
| BRIAN HARDIN | ||||||||||||||
| DIRECTOR OF ATHLETICS | $212,860 | $0 | $18,500 | $0 | $15,786 | $0 | $17,763 | $0 | $23,144 | $0 | $288,053 | $0 | $0 | $0 |
| SUE MATTISON | ||||||||||||||
| PROVOST | $223,340 | $0 | $7,500 | $0 | $6,679 | $0 | $18,428 | $0 | $17,590 | $0 | $273,537 | $0 | $0 | $0 |
| ALLISON POHLMAN | ||||||||||||||
| HEAD WOMEN'S BASKETBALL COACH | $202,187 | $0 | $0 | $0 | $22,783 | $0 | $14,175 | $0 | $1,223 | $0 | $240,368 | $0 | $0 | $0 |
| JOHN SMITH | ||||||||||||||
| VP OF INST. ADVANCEMENT | $200,253 | $0 | $0 | $0 | $6,508 | $0 | $16,535 | $0 | $20,259 | $0 | $243,555 | $0 | $0 | $0 |
| ADAM VOIGTS | ||||||||||||||
| CFO & TREASURER | $191,006 | $0 | $2,000 | $0 | $1,055 | $0 | $15,795 | $0 | $20,214 | $0 | $230,070 | $0 | $0 | $0 |
| VENESSA KUHLMANN-MACRO | ||||||||||||||
| CHIEF ADMIN OFFICER | $168,842 | $0 | $3,500 | $0 | $1,672 | $0 | $14,142 | $0 | $21,676 | $0 | $209,832 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A UNIVERSITY-OWNED RESIDENCE IS PROVIDED TO THE PRESIDENT. THIS IS A CONDITION OF EMPLOYMENT AND IS FOR THE CONVENIENCE OF THE EMPLOYER. THE RESIDENCE IS USED FOR MANY UNIVERSITY FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. THE VALUE OF THE RESIDENCE IS INCLUDED IN NONTAXABLE BENEFITS IN PART II, COLUMN (D). A SOCIAL CLUB MEMBERSHIP IS PROVIDED TO THE PRESIDENT, ATHLETIC DIRECTOR AND HEAD MEN'S BASKETBALL COACH FOR UNIVERSITY BUSINESS. ANY EXPENSES INCURRED THAT ARE NOT RELATED TO UNIVERSITY BUSINESS ARE PAID FOR PERSONALLY BY THE INDIVIDUALS. THE UNIVERSITY DOES NOT PROVIDE FIRST CLASS TRAVEL FOR ITS EMPLOYEES. THE HEAD MEN'S BASKETBALL COACH OCCASIONALLY TRAVELS BY CHARTER WITH THE BASKETBALL TEAMS TO SCHEDULED EVENTS. TRAVEL FOR COMPANIONS IS PROVIDED IF IT IS NECESSARY FOR BUSINESS PURPOSES. WHEN TRAVEL FOR COMPANIONS IS PROVIDED FOR NON-BUSINESS PURPOSES, THE VALUE OF THE TRAVEL IS INCLUDED IN TAXABLE WAGES. THERE WERE NO BENEFITS RELATED TO TRAVEL FOR COMPANIONS DURING THE YEAR. NONTAXABLE BENEFITS INCLUDE UNDERGRADUATE TUITION WAIVER BENEFITS OF THE EMPLOYEE AND IMMEDIATE FAMILY. |
| PART I, LINE 4B | AS DIRECTED WITHIN SPECIFIED EMPLOYMENT CONTRACT FOR EARL F. MARTIN, PRESIDENT, THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. CONTRIBUTIONS OF $70,000 WERE MADE TO THE PLAN DURING THE 2022 AND 2023 PLAN YEARS. NO DISTRIBUTIONS WERE MADE RELATED TO THESE CONTRIBUTIONS. |
| PART I, LINE 7 | EARL F. MARTIN III, BRIAN HARDIN, AND DARIAN DEVRIES RECEIVED BONUS PAYMENTS PURSUANT TO CRITERIA SPECIFIED IN THEIR RESPECTIVE EMPLOYMENT CONTRACTS. OTHER SENIOR LEADERS WERE AWARDED DISCRETIONARY BONUS PAYMENTS BASED ON PERFORMANCE INDICATORS DURING THE ANNUAL PERFORMANCE EVALUATION PROCESS AS DETERMINED BY THE PRESIDENT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| IOWA HIGHER EDUCATION LOAN AUTHORITY | ||||||||
| A | 421235696 | 4624604F0 | 2016-04-28 | $33,422,431 | CONSTRUCT FACILITY & REFUND ISSUE (4/5/07) | 0 | 0 | 0 |
| IOWA HIGHER EDUCATION LOAN AUTHORITY | ||||||||
| B | 421235696 | 2021-09-29 | $25,065,000 | REFUND PRIOR ISSUES (1/18/17 & 2/7/17) | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $10,530,000 | $33,478,225 | $4,649 | $411,264 | $22,003,556 | $11,058,756 | 2018 | 0 | Yes (1) | Yes (1) | Yes (1) |
| B | $4,853,000 | $25,065,000 | $79 | $235,816 | $24,829,105 | 2021 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: | FormAndLineReferenceDesc |
| Explanation | (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2018 (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/29/2022 PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. NOTE REGARDING THE REBATE COMPUTATION ON 4/1/2018: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. NOTE REGARDING THE REBATE COMPUTATIONS ON 3/29/2022: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 45 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,165,931 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK EXCHANGE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | MISC | Desc |
| Contribution | 74 | ContributionCnt |
| Noncash Contributions Rpt F990 | $95,160 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | COLUMN (B) REFLECTS THE TOTAL NUMBER OF DONORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL BE CHAIRED BY THE BOARD CHAIR AND SHALL INCLUDE ALL COMMITTEE CHAIRS AND THE PRESIDENT. THE EXECUTIVE COMMITTEE IS EMPOWERED TO PROVIDE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE UNIVERSITY BETWEEN MEETINGS OF THE BOARD, EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD, AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS, REMOVE OR APPOINT THE PRESIDENT, OR TAKE ANY OTHER ACTION WHICH HAS BEEN RESERVED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL MEET WHEN CALLED BY THE BOARD CHAIR. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. MINUTES OF THE MEETINGS OF THE EXECUTIVE COMMITTEE SHALL BE TAKEN AND SHALL BE DISTRIBUTED PROMPTLY TO ALL TRUSTEES FOLLOWING EACH EXECUTIVE COMMITTEE MEETING. |
| FORM 990, PART VI, SECTION A, LINE 2 | EARL MARTIN, PRESIDENT, JOE AIELLO, TRUSTEE & VICE CHAIR, AND DAN JACOBI, TRUSTEE, SERVE AS BOARD MEMBERS FOR COLLEGE AND UNIVERSITY SUSTAINABILITY PROJECT INC (CUSP). CUSP IS A SUPPORTING ORGANIZATION OF DRAKE UNIVERSITY. SEE SCHEDULE R FOR MORE INFORMATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD AUDIT COMMITTEE IS CHARGED WITH REVIEW OF THE FORM 990 ON BEHALF OF THE ENTIRE BOARD OF TRUSTEES. UPON COMPLETION OF THE CURRENT YEAR'S RETURN, FINANCE STAFF, ALONG WITH DRAKE'S EXTERNAL TAX FIRM, REVIEWED THE COMPLETED FORM 990 WITH THE AUDIT COMMITTEE. A COPY OF THE COMPLETE FORM 990 WAS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES VIA THE BOARD PORTAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST FORM IS ANNUALLY COMPLETED BY EACH DRAKE UNIVERSITY TRUSTEE, OFFICER, AND KEY ADMINISTRATOR. THE FORM IS COLLECTED BY THE PRESIDENT'S OFFICE WHICH ENSURES ALL REQUESTED FORMS ARE RECEIVED. THE RESULTS ARE SENT TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER FOR FURTHER REVIEW AND MONITORING AS NEEDED. INFORMATION REPORTED ON THE FORMS IS ALSO PROVIDED TO THE AUDIT COMMITTEE ANNUALLY FOR REVIEW, ASSESSMENT, AND MONITORING AS NEEDED. |
| FORM 990, PART VI, SECTION B, LINE 15 | DRAKE UNIVERSITY PARTICIPATES ANNUALLY IN THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) SALARY SURVEYS. THE ADMINISTRATIVE SALARY SURVEY REPORTS BASE SALARY INFORMATION FOR SENIOR LEVEL ADMINISTRATIVE POSITIONS. A PEER GROUP OF INSTITUTIONS THAT ARE SIMILAR TO AND COMPETE WITH DRAKE UNIVERSITY WAS ESTABLISHED FOR PURPOSES OF COMPENSATION ANALYSIS. FACTORS INCLUDED IN DETERMINING THE DRAKE UNIVERSITY PEER GROUP INCLUDE: ACADEMIC PROGRAMS, ENROLLMENT, BUDGET SIZE, STUDENT DEMOGRAPHICS AND ACADEMIC QUALITY. THE CUPA-HR SALARY SURVEY TOOL ALLOWS DRAKE TO COMPARE BASE SALARIES AGAINST THOSE REPORTED BY PEER INSTITUTIONS, THEREBY PROVIDING HIGHLY RELIABLE COMPARABLE SALARY INFORMATION. IN ADDITION, THE UNIVERSITY PERIODICALLY UNDERTAKES A REVIEW BY AN INDEPENDENT THIRD-PARTY COMPENSATION CONSULTANT OF ALL COMPONENTS OF THE PRESIDENT'S COMPENSATION, INCLUDING BASE SALARY, BONUS STRUCTURE, DEFERRED COMPENSATION, BENEFITS AND TOTAL REMUNERATION. ANNUALLY THE DIRECTOR, HR AND THE CHIEF ADMINISTRATION OFFICER DEVELOP A COMMUNICATION TO THE BOARD OF TRUSTEES COMPENSATION COMMITTEE DOCUMENTING AN ANALYSIS OF BASE SALARY COMPENSATION FOR THE PRESIDENT AND NON-FACULTY MEMBERS OF THE PRESIDENT'S COUNCIL ("COUNCIL"). THE DRAKE UNIVERSITY COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ("THE COMMITTEE") IS AN INDEPENDENT BODY COMPRISED OF NON-DRAKE UNIVERSITY EMPLOYEES. EXTENSIVE AND COMPLETE COMPARABILITY DATA EXISTS TO MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD OF REASONABLENESS FOR EXECUTIVE COMPENSATION AS SET FORTH BY THE TREASURY DEPARTMENT'S REGULATIONS IMPLEMENTING INTERNAL REVENUE CODE SECTION 4958. THE COMMITTEE COMPLETES CONTEMPORANEOUS SUBSTANTIATION OF ITS DELIBERATION AND DECISION IN THE FORM OF AN ITEMIZED RESOLUTION. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S FORM 1023, FORM 990 AND FORM 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S AUDIT REPORT IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE BYLAWS OF THE ORGANIZATION ARE ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGE IN SPLIT INTEREST AGREEMENTS -158,113. CHANGE IN POSTRETIREMENT BENEFIT PLAN 192,605. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVE 307 OLD MAIN | AddressLine1Txt |
| City | DES MONES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50311 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843520795 | EIN |
| Primary Activities | SOLE MEMBER LLC FOR NMTC FINANCING | PrimaryActivitiesTxt |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Total Income | -$195,287 | TotalIncomeAmt |
| End Of Year Assets | $7,300,855 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRAKE UNIVERSITY | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE AND UNIVERSITY SUSTAINABILITY PROJECT INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 LINCOLN AVE | AddressLine1Txt |
| City | EVANSVILLE | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47722 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 872195386 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments