2020-07-08T11:17:39-05:00 2019-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-06-01 470405319 UNION COLLEGE UNIO 4024862502 3800 SOUTH 48TH STREET LINCOLN NE 68506 STEVE TRANA SECRETARY/TREASURER 4024862502 2020-06-30 1 KAREN GRIES P00078514 6123764500 2020-06-30 66.41.31.27 2020-06-30 08:31:23 CD P 06C6282D018575128FE0891D0F3A4E057D2D2323 B2546B713F7E481D53EBD38AC5C56AAB7076177B 2018 2020-09-23 17:36:50Z VINITA SAUDER 3800 SOUTH 48TH STREET LINCOLN NE 68506 37403431 0 1071 X WWW.UCOLLEGE.EDU X 1891 NE TO OFFER A COLLEGE EXPERIENCE INCLUDING EDUCATION, HOUSING, AND ASSOCIATED PROGRAMS IN LINCOLN, NE 36 24 1023 95 393932 0 5952651 7984267 23837141 22522021 522631 429687 959563 1042100 31271986 31978075 6052365 5941955 0 0 15870283 16589015 0 0 471989 7054311 8575526 28976959 31106496 2295027 871579 59544186 61425299 9057059 10147214 50487127 51278085 INSPIRED BY FAITH IN JESUS CHRIST AND DEDICATED TO A PERSONAL STUDENT-FOCUSED COMMUNITY, UNION COLLEGE EMPOWERS STUDENTS FOR LEARNING, SERVICE AND LEADERSHIP. 0 0 13720908 5941955 19029787 INSTRUCTION AND PUBLIC SERVICE: UNION COLLEGE PROVIDES AN EXCEPTIONAL LIBERAL ARTS EDUCATION WITH 805 UNDERGRADUATE STUDENTS AND 88 MASTER'S LEVEL STUDENTS. THE 10 TO 1 STUDENT TEACHER RATIO ALLOWS FOR EXCELLENT STUDENT/TEACHER INTERACTION. UNION COLLEGE OFFERS MORE THAN 60 MAJORS, MINORS, AND EMPHASES IN 29 FIELDS OF STUDY INCLUDING BACHELOR'S DEGREES IN RELIGION, BUSINESS, EDUCATION, NURSING, ENGLISH, AND INTERNATIONAL RESCUE & RELIEF, AS WELL AS A MASTER'S DEGREE IN PHYSICIAN ASSISTANT STUDIES. 5514625 0 1277807 ACADEMIC SUPPORT AND STUDENT SERVICES: ACADEMIC SUPPORT INCLUDES THE LIBRARY, ACADEMIC ADMINISTRATION, INSTITUTIONAL RESEARCH, AND ACADEMIC INSTITUTIONAL TECHNOLOGY. STUDENT SERVICES SUPPORTS STUDENTS THROUGH COUNSELING, RECORDS OFFICE, ADMISSIONS AND OTHER STUDENT SUPPORT. 5382667 0 2862595 AUXILIARY SERVICES:AUXILIARY SERVICES AT UNION COLLEGE EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, INSTITUTIONAL DEPARTMENTS AND THE PUBLIC. THE MOST PROMINENT OF THESE SERVICES PROVIDE SUPPORT TO OUR STUDENTS AND INCLUDE RESIDENCE HALLS, BOOKSTORE, AND CAMPUS HOUSING. 24618200 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1119 0 1 1023 1 1 1 0 0 0 0 0 0 1 1 0 0 0 X 36 24 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JONATHAN RICKARD CONTROLLER 4024862502 3800 SOUTH 48TH STREET LINCOLN NE 68506 VINITA SAUDER PRESIDENT/SECRETARY 40.00 X X 92745 0 47983 GARY THURBER CHAIR 1.00 X X 0 0 0 GILL WEBB VICE CHAIR 1.00 X X 0 0 0 HAROLD ALOMIA TRUSTEE 1.00 X 0 0 0 KEN BACON TRUSTEE 1.00 X 0 0 0 ED BARNETT TRUSTEE 1.00 X 0 0 0 STEVE BASCOM TRUSTEE 1.00 X 0 0 0 ROGER BERNARD TRUSTEE 1.00 X 0 0 0 NEIL BILOFF TRUSTEE 1.00 X 0 0 0 RON CARLSON TRUSTEE 1.00 X 0 0 0 STEVE CHAVEZ TRUSTEE 1.00 X 0 0 0 DEAN CORIDAN TRUSTEE 1.00 X 0 0 0 CARY DECAMP TRUSTEE 1.00 X 0 0 0 MORRE DEAN TRUSTEE 1.00 X 0 0 0 TANYA DICK TRUSTEE 1.00 X 0 0 0 GARTH FLETCHER TRUSTEE 1.00 X 0 0 0 DOUG GOETZ TRUSTEE 1.00 X 0 0 0 MILDRED GREER TRUSTEE 1.00 X 0 0 0 LOUANN HOWARD TRUSTEE 1.00 X 0 0 0 SAM HUENERGARDT TRUSTEE 1.00 X 0 0 0 ROB KOCH TRUSTEE 1.00 X 0 0 0 JACK KROGSTAD TRUSTEE 1.00 X 0 0 0 REBECCA KRUEGER TRUSTEE 1.00 X 0 0 0 RICK KRUEGER TRUSTEE 1.00 X 0 0 0 KEVIN LANG TRUSTEE 1.00 X 0 0 0 JUSTIN LYONS TRUSTEE 1.00 X 0 0 0 JAMES MCARTHUR TRUSTEE 1.00 X 0 0 0 JASON MOSES TRUSTEE 1.00 X 0 0 0 DARLINGTON MUNDENDE TRUSTEE 1.00 X 0 0 0 TROY PEOPLES TRUSTEE 1.00 X 0 0 0 JEFF PETERSON TRUSTEE 1.00 X 0 0 0 BARBARA PROWANT TRUSTEE 1.00 X 0 0 0 RICH REINER TRUSTEE 1.00 X 0 0 0 SAM SHUM TRUSTEE 1.00 X 0 0 0 GELERIE STENBAKKEN TRUSTEE 1.00 X 0 0 0 KENT THOMPSON TRUSTEE 1.00 X 0 0 0 STEVE TRANA SEC/TREAS/VP FNCL ADMINIST 40.00 X 76515 0 40481 FRANKIE ROSE VICE PRESIDENT FOR ACADEMI 40.00 X 76515 0 40481 MEGAN HEIDTBRINK ACADEMIC PROGRAM DIRECTOR 40.00 X 135912 0 56519 MICHELLE PETERSON ASSISTANT PROFESSOR 40.00 X 105461 0 64826 487148 0 250290 2 0 1 0 US FOODS PO BOX 501133 SAINT LOUIS MO 63150 FOOD 380480 ADVENTIST COLLEGES ABROAD 9705 PATUXENT WOODS DRIVE COLUMBIA MD 21046 EXTENSION CLASSES 235739 EAB PO BOX 603519 CHARLOTTE NC 28260 LEAD GENERATION 216021 COREMARK MIDCONTINENT INC PO BOX 368 CARROLL IA 51401 FOOD 138669 TARGET X 1001E HECTOR ST SUITE 110 CONSHOHOKEN PA 19428 CRM SOFTWARE 127700 13 2316688 140775 5526804 2118371 7984267 TUITION AND FEES 611710 19029787 19029787 AUXILIARY SERVICES 611710 2001481 1953224 48257 STUDENT SERVICES 611710 1490753 1277807 212946 22522021 477442 477442 155032 22303 132729 132729 132729 4068573 4103934 12394 -35361 -12394 -47755 -47755 2196096 1286725 909371 909371 31978075 23170189 393932 429687 5941955 5941955 374721 346575 28146 12189225 10306987 1643572 238666 1494285 1254378 209270 30637 1761596 1551117 179105 31374 769188 637228 115378 16582 35098 35098 75263 75263 42416 42416 2451327 2080289 352050 18988 583382 361708 204426 17248 511473 322108 141787 47578 537777 118497 397854 21426 776496 548924 227572 525692 443776 65562 16354 210968 182725 23253 4990 149303 25814 123489 1734702 298308 1436394 507711 347165 160546 BAD DEBT EXPENSE 433918 197221 236697 31106496 24618200 6016307 471989 3591032 2192188 3551100 5380635 2306908 2369140 284470 325815 102973 419430 61342640 24800064 37635443 36542576 9323849 11661675 2748411 2533840 59544186 61425299 1698171 2021347 1728165 1728271 118990 563084 1998844 1812616 365852 456670 1342808 1255095 1804229 2310131 9057059 10147214 X 38798744 36008417 6395242 8993777 5293141 6275891 50487127 51278085 59544186 61425299 871579 -80621 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9413260 1087334 187852 689875 9998571 8434428 1141079 358214 520461 9413260 8555486 97470 422368 640896 8434428 9044733 272995 -19880 742362 8555486 6556331 2744171 136260 392029 9044733 0.30160 0.62770 0.07070 0 0 707110 707110 46451999 15280148 31171851 3516429 1909859 1606570 10213875 7610057 2603818 453227 453227 36542576 ANNUITY AND SPLIT INTEREST AGREEMENT OBLIGATIONS 1688225 ASSET RETIREMENT OBLIGATION 621906 2310131 X 27222111 -80621 1309028 1228407 25993704 42416 5941955 5984371 31978075 26431153 1309028 1309028 25122125 42416 5941955 5984371 31106496 PART IV, LINE 2B: THE COLLEGE HOLDS DEPOSITS AND AGENCY ACCOUNTS FOR THE BENEFIT OF STUDENTS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED TO SUPPORT STUDENT SCHOLARSHIPS AND OTHER INSTITUTIONAL NEEDS AS THEY ARISE. PART X, LINE 2: THE COLLEGE IS A RELIGIOUS AND EDUCATIONAL NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,286,725. RENT EXPENSE 22,303. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 5,941,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,286,725. RENT EXPENSE 22,303. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 5,941,955. 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 COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND IN COLLEGE BROCHURES. SCHEDULE E, PART I, LINE 6 UNION COLLEGE PARTICIPATES IN THE FOLLOWING FEDERAL PROGRAMS THROUGH THE US DEPARTMENT OF EDUCATION: PELL GRANT PROGRAM; FEDERAL DIRECT LOAN PROGRAM; FEDERAL WORK-STUDY PROGRAM; FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM; FEDERAL PERKINS LOAN PROGRAM; AND FEDERAL NURSING STUDENT LOAN PROGRAM. EXPENDITURES RELATED TO THE PROGRAMS ARE PRIMARILY MADE BY PARTICIPATING STUDENTS AT THE COLLEGE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD AND MISSION TRIPS 33857 SOUTH AMERICA 0 0 PROGRAM SERVICES MISSION TRIPS 52453 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD AND MISSIONS TRIPS 119390 0 0 0 0 0 0 205700 0 205700 0 0 0 0 0 0 PART I, LINE 3: THE COLLEGE USES THE ACCRUAL METHOD TO REPORT EXPENDITURES ON SCHEDULE F. 1 SCHOLARSHIPS AND GRANTS 749 5941955 0 N/A N/A PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE COLLEGE'S POLICY. X X 0 0 0 0 0 0 0 0 0 MEGAN HEIDTBRINK ACADEMIC PROGRAM DIRECTOR 125777 0 10135 0 0 0 10022 0 46497 0 192431 0 0 0 MICHELLE PETERSON ASSISTANT PROFESSOR 103326 0 2135 0 0 0 8226 0 56600 0 170287 0 0 0 A NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 2012-06-26 5500000 FACILITY CONSTRUCTION 0 0 0 A 3687384 5500000 40000 5500000 2014 0 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 0 X 5 83807 NASDQ VALUE X 4 2006679 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 3 27885 ESTIMATED FAIR VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE/OFFICERS CONSIST OF PRESIDENT, VICE PRESIDENT (ACADEMIC DEAN), AND SECRETARY/TREASURER (VP FOR FINANCE). THE COMMITTEE HAS THE AUTHORITY TO MAKE FINANCIAL COMMITMENTS ON BEHALF OF THE COLLEGE OF UP TO $100,000. FORM 990, PART VI, SECTION A, LINE 2 KENT THOMPSON AND RICK KRUEGER - BUSINESS RELATIONSHIP RICK KRUEGER AND REBECCA KRUEGER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERS ARE COMPRISED OF THE SAME CONSTITUENCY AS THE MID-AMERICA UNION CONFERENCE OF SEVENTH-DAY ADVENTISTS, AS DEFINED IN THE CONFERENCE'S GOVERNING INSTRUMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE COLLEGE'S MEMBERS MAY ELECT OR REMOVE THE BOARD OF TRUSTEES. THE PRESIDENT, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR ADMINISTRATION, AND DIRECTOR OF EDUCATION OF THE MID-AMERICA UNION CONFERENCE SERVE AS TRUSTEES OF THE COLLEGE, AS DO THE PRESIDENTS OF ALL LOCAL CONFERENCES WITHIN THE MID-AMERICA UNION CONFERENCE ASSOCIATION TERRITORY. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENTS OF THE COLLEGE'S GOVERNING DOCUMENTS REQUIRE THE APPROVAL OF THE COLLEGE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING DATA SUPPLIED BY MANAGEMENT. A COPY OF THE FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST SIGN A CONFLICT OF INTEREST FORM AT THE START OF EACH YEAR. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A MEETING OF THE BOARD OR ANY OF ITS COMMITTEES IN WHICH THE TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH A MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OF TRUSTEES OR COMMITTEE OF THE BOARD TO RESOLVE THE QUESTION BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE NORTH AMERICAN DIVISION OF SEVENTH-DAY ADVENTISTS PUBLISHES PAY SCALES FOR ALL ORGANIZATIONS UNDER THEM. THE PAY SCALES PROVIDE A BASE SALARY AND EVERYONE GETS A PERCENTAGE OF THE BASE SALARY, ALLOWING FOR VARIANCES BASED ON THE COST OF LIVING IN THE AREA. THESE PAY SCALES ARE DEVELOPED WITH AN EXTERNAL INDEPENDENT COMPANY THAT CALCULATES THE DATA. FOR THE PRESIDENT AND CFO OF THE COLLEGES AND UNIVERSITIES, THE PAY SCALES HAVE A PROVISION TO ADD A SPOUSE ALLOWANCE OF 20 PERCENT TO THEIR SALARY. UNION COLLEGE CREATES CATEGORIES WITHIN THESE RANGES AND EVERYONE IS PLACED WITHIN THE RANGES BASED ON EXPERIENCE AND DEGREES HELD. EVERYONE IS PLACED IN THESE CATEGORIES BY HUMAN RESOURCES AND THE HUMAN RESOURCES COMMITTEE. ONCE A YEAR THE FINANCE COMMITTEE IS GIVEN A COPY OF EACH EMPLOYEE'S SALARY, AND COPY OF THE PAY SCALE TO REVIEW FOR ACCURACY. A COMMITTEE OF THE BOARD REVIEWED COMPENSATION FOR THE PRESIDENT IN 2017 AND THE VP OF FINANCE IN 2017. THE PROCESS IS DOCUMENTED IN MEETING MINUTES ALONG WITH A LETTER SUBMITTED TO PAYROLL DOCUMENTING CHANGES IN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MID-AMERICA UNION CONFERENCE ASSOCIATION OF SEVENTH-DAY ADVENTISTS 8307 PINE LAKE ROAD LINCOLN NE 68516 476006806 CHURCH NE 501(C)(3) LINE 1 N/A 0 MIDWEST FOUNDATION FOR HIGHER EDUCATION 3800 SOUTH 48TH STREET LINCOLN NE 68506 470698086 SUPPORT STUDENTS AT UNION COLLEGE NE 501(C)(3) LINE 12C, III-FI N/A 0 UNION COLLEGE HOUSING INC 5211 CALVERT STREET LINCOLN NE 68506 363248578 LOW-INCOME HOUSING NE 501(C)(3) LINE 7 N/A 0 CHARITABLE REMAINDER UNITRUSTS (2) INVESTMENTS NE N/A T 1.00000 0 CHARITABLE REMAINDER UNITRUSTS (1) INVESTMENTS CO N/A T 1.00000 0 CHARITABLE REMAINDER UNITRUSTS (1) INVESTMENTS FL N/A T 1.00000 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 MIDWEST FOUNDATION FOR HIGHER EDUCATION C 415089 CASH TRANSFERED