2020-05-27T15:54:00-05:00 2019-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2018-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 W LOCUST ST DAVENPORT IA 52803 MICHAEL C POSTER VP OF FINANCE 5633336329 2020-05-27 1 CARLEY UMSTEAD P00982177 3192985333 173.26.228.200 2020-05-27 15:41:02 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 20A185D28070F317B6EA218B9B640DBFBF5937F5 2018 2020-09-22 18:59:49Z SISTER JOAN LESCINSKI 518 W LOCUST ST DAVENPORT IA 52803 149308850 0 X SAU.EDU X 1885 IA ST AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 28 26 1885 840 620542 21669 7165692 6371086 98567194 99354397 5748439 7349696 50278 46917 111531603 113122096 32776989 33029655 0 0 39066757 38655875 15497 11500 1982519 27679597 29825602 99538840 101522632 11992763 11599464 309642424 325294852 83041278 84379220 226601146 240915632 X ST. AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN, AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 27037974 81659326 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. NINE BACHELORS (62 MAJORS), FOURTEEN MASTERS AND THREE DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 33029655 33029655 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 8714988 STUDENT SERVICES: ST. AMBROSE SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS. 11179446 17101719 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS. 207325 INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT. 2379946 OTHER PROGRAM SERVICES INCLUDES INTEREST EXPENSE. 4303239 ACADEMIC SUPPORT 18069956 17101719 86852573 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 3964 0 1 1885 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ LA MD MI NH SC WA AL X MICHAEL POSTER 5633336329 518 W LOCUST STREET DAVENPORT IA 52803 X BISHOP THOMAS ZINKULA BOARD MEMBER & CHAIR 1.00 X X 0 0 0 JOHN ANDERSON BOARD MEMBER 1.00 X 0 0 0 SUSAN BALTHASAR UNTIL 32019 BOARD MEMBER 1.00 X 0 0 0 BRIAN BASSIER BOARD MEMBER 1.00 X 0 0 0 RITA BAWDEN BOARD MEMBER 1.00 X 0 0 0 TOM BERTHEL BOARD MEMBER 1.00 X 0 0 0 DR DAN BRODERICK BOARD MEMBER & VICE CHAIR 1.00 X X 0 0 0 EDMUND CARROLL BOARD MEMBER 1.00 X 0 0 0 RENEE CITERA BOARD MEMBER 1.00 X 0 0 0 PHIL DOHERTY BOARD MEMBER 1.00 X 0 0 0 JAMES M FIELD BOARD MEMBER 1.00 X 0 0 0 BISHOP ROBERT GRUSS BOARD MEMBER 1.00 X 0 0 0 DR NIDAL HARB BOARD MEMBER 1.00 X 0 0 0 JOHN F HECKINGER BOARD MEMBER 1.00 X 0 0 0 THOMAS HIGGINS BOARD MEMBER 1.00 X 0 0 0 BARBARA JOHNSON BOARD MEMBER 1.00 X 0 0 0 MARK KILMER BOARD MEMBER 1.00 X 0 0 0 MARK KLEINE BOARD MEMBER 1.00 X 0 0 0 BRIAN LEMEK BOARD MEMBER 1.00 X 0 0 0 ELIZABETH LEMEK BOARD MEMBER 1.00 X 0 0 0 ANGELA LAWRENCE LINDSAY BOARD MEMBER 1.00 X 0 0 0 REV ROBERT MCALEER BOARD MEMBER 1.00 X 0 0 0 MICHAEL MULDOWNEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH O'ROURKE BOARD MEMBER 1.00 X 0 0 0 STEVE ROELL BOARD MEMBER 1.00 X 0 0 0 CAROLINE RUHL BOARD MEMBER 1.00 X 0 0 0 PAUL SACHS BOARD MEMBER 1.00 X 0 0 0 KURT TJADEN BOARD MEMBER 1.00 X 0 0 0 JOAN LESCINSKI CSJ PHD PRESIDENT/BOARD SEC/TREASURER 40.00 X X 0 0 0 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 40.00 X 197546 0 32065 DR PAUL KOCH VP ACADEMIC & STUDENT AFFA 40.00 X 208178 0 32867 DR SANDRA CASSADY VP STRATEGIC INITIATIVES 40.00 X 150664 0 31663 DR JAMES LOFTUS VP ENROLLMENT MANAGEMENT 40.00 X 174208 0 31866 JAMES STANGLE VP ADVANCEMENT 40.00 X 176214 0 18893 PAULA MCNUTT DEAN CAS 40.00 X 136443 0 17020 XIAOWEI LIU PROFESSOR 40.00 X 117287 0 27875 FRANK BORST PROFESSOR 40.00 X 117865 0 17850 ARTHUR MOREAU PROFESSOR 40.00 X 127564 0 7431 THEODORE WOODRUFF PROFESSOR - RETIREE 40.00 X 124132 0 8368 1530101 0 225898 18 0 1 0 SODEXO CAMPUS SERVICES 518 W LOCUST STREET DAVENPORT IA 52803 FOOD SERVICES 6870923 BUSH CONSTRUCTION 5401 VICTORIA AVE DAVENPORT IA 52807 CONSTRUCTION 2467671 ESTES CONSTRUCTION PO BOX 3608 DAVENPORT IA 52808 CONSTRUCTION 1249730 RUSSELL CONSTRUCTION 4600 E 53RD STREET DAVENPORT IA 52807 CONSTRUCTION 1023411 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 CONSULTANTS 807555 24 8873 242193 412685 5707335 523020 6371086 EDUCATION/GENERAL 611710 81659326 81659326 AUXILIARY ENTERPRISES 624410 17695071 17101719 593352 99354397 5517391 5517391 104291 90455 13836 13836 13836 37891239 36057377 1557 1833862 -1557 1832305 1832305 43256 242193 37365 5891 5891 K-1 PARTNERSHIP 900099 27190 27190 27190 113122096 98761045 620542 7369423 33029655 33029655 1401395 428780 771861 200754 30573104 26186341 3443839 942924 1617526 1379874 187270 50382 2899538 2228280 542078 129180 2164312 1831418 255317 77577 111433 111433 79375 79375 11500 11500 395144 395144 3209338 730439 2435675 43224 1182179 92512 1037473 52194 1257059 865611 312757 78691 1044932 1044932 2342583 2136442 165171 40970 1088933 947281 43694 97958 9111 5610 3501 2746980 2746980 5834663 5247523 470442 116698 497834 348282 134812 14740 FOOD COSTS 4699699 4647619 357 51723 EQUIP AND MAINTENANCE 1675664 1586898 70923 17843 LIBRARY BOOKS AND BINDI 580407 580407 PUBLICATIONS & DUES 353527 178549 166069 8909 2716741 1654072 1015417 47252 101522632 86852573 12687540 1982519 2249784 3471604 10664086 8670856 3378245 3694321 1521429 2292016 931802 1239458 204330493 74269756 130895301 130060737 139951439 150572530 18792505 24222313 1236756 1049940 21077 21077 309642424 325294852 11884374 9662312 783201 2195781 57870361 56396302 12503342 16124825 83041278 84379220 X 194389490 206468904 17681667 18187124 14529989 16259604 226601146 240915632 309642424 325294852 X 11599464 6648162 58000 -3991140 X 0 1 X 1 1 1 X 6282827 5518528 6168307 7165692 6371086 31506440 6282827 5518528 6168307 7165692 6371086 31506440 404243 31102197 2620167 3239779 2708808 3840110 5640121 18048985 6473 16715 9762 32950 49588375 484400183 0.62720 0.64630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 158227188 2844104 13409193 477792 136913 2334873 171530907 139837570 12222563 9337260 523861 135961 2510383 158227188 127271247 1856412 13667732 538145 176419 2243257 139837570 134316701 849230 -838639 330729 4503627 2221689 127271247 132297695 1330084 3303763 604235 85274 1925332 134316701 0.82000 0.09000 0.09000 1 0 903127 8703943 9607070 7235786 158664685 57482113 108418358 6033362 2893387 3139975 20127862 13874276 6253586 2661728 19980 2641748 130060737 CASH VALUE OF LIFE INSURANCE 330724 F ALTERNATIVE INVESTMENTS 23891589 F 24222313 ACCRUED LOSS - INTEREST RATE SWAP 12249091 US GOVERNMENT GRANTS - PERKINS LOANS 2278986 ANNUITIES PAYABLE 1596748 16124825 X 89213258 6648162 58000 933 6707095 82506163 -26044 30641977 30615933 113122096 74898772 4084085 4084085 70814687 -26044 30733989 30707945 101522632 PART V, LINE 4: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX )ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF THE ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2019 AND 2018, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST RECEIVABLE 933. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -90,455. INSTITUTIONAL GRANTS 30,733,989. GAIN (LOSS) ON FIXED ASSETS -1,557. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE 90,455. GAIN (LOSS) ON FIXED ASSETS 1,557. UNREALIZED GAIN ON INTEREST RATE SWAP 3,992,073. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 30,733,989. 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 RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE INCLUDED ON THE UNIVERSITY WEBSITE. SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK-STUDY FEDERAL PERKINS LOAN PROGRAM FEDERAL PELL GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT POST-SECONDARY EDUCATION SCHOLARSHIP FOR VETERAN'S DEPENDENTS STATE OF IOWA PROGRAMS INCLUDE: IOWA TUITION GRANT IOWA GRANT GEAR UP IOWA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IOWA OPPORTUNITY FOSTER CARE GRANT CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 49809 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD 53713 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 273630 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDY ABROAD 200412 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 11387166 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS INVESTMENTS 7310391 0 0 0 0 0 0 19275121 0 19275121 1 0 1 0 1 0 X X X X X X X 1 THE STOCKADE GROUP 650 FRANKLIN ST SCHENECTADY NY 12305 OUTSOURCE OF PHONATHON 0 16075 11500 4575 16075 11500 4575 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WINE FESTIVAL 216340 182885 33455 6533 15380 214 6760 GOLF OUTING 69109 59308 9801 4585 3893 285449 242193 43256 6533 19965 214 10653 37365 5891 1 STUDENT SCHOLARSHIPS 2133 28469453 ATHLETIC SCHOLARSHIPS 826 2867847 EMPLOYEE SCHOLARSHIPS 119 1692355 PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS COMPLIANCE WITH GRANT/SCHOLARSHIP CRITERIA ON AN INDIVIDUAL STUDENT BASIS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 185998 0 0 0 11548 0 13331 0 18734 0 229611 0 0 0 DR PAUL KOCH VP ACADEMIC & STUDENT AFFA 189146 0 0 0 19032 0 13456 0 19411 0 241045 0 0 0 DR SANDRA CASSADY VP STRATEGIC INITIATIVES 149956 0 0 0 708 0 10924 0 20739 0 182327 0 0 0 DR JAMES LOFTUS VP ENROLLMENT MANAGEMENT 154844 0 0 0 19364 0 11256 0 20610 0 206074 0 0 0 JAMES STANGLE VP ADVANCEMENT 162873 0 0 0 13341 0 11498 0 7395 0 195107 0 0 0 PAULA MCNUTT DEAN CAS 136160 0 0 0 283 0 9661 0 7359 0 153463 0 0 0 PART I, LINE 4B CONTRIBUTION TO SR. JOAN LESCINSKI 457(F) PLAN FOR 2018 WAS $11,332. SCHEDULE J - SUPPLEMENTAL INFORMATION SISTER JOAN LESCINSKI (PRESIDENT/BOARD MEMBER) HAD A HOUSING ALLOWANCE OF $10,466. THIS WAS CONSIDERED NONTAXABLE COMPENSATION. MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), JAMES LOFTUS ( VP OF ENROLLMENT MANAGEMENT) AND JAMES STANGLE (VP FOR ADVANCEMENT) RECEIVED SOCIAL CLUB DUES OF $2,850, $10,450, $10,825 AND $10,825 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), JAMES STANGLE (VP FOR ADVANCEMENT) AND JAMES LOFTUS (VP ENROLLMENT MANAGEMENT) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $7,990, $7,824, $1,808 AND $7,831 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. THE UNIVERSITY WILL NOT REIMBURSE INDIVIDUALS FOR TRAVEL, MEALS AND ENTERTAINMENT EXPENSES INCURRED FOR A SPOUSE, DEPENDENT OR OTHER INDIVIDUAL WHO ACCOMPANIES AN INDIVIDUAL ON A BUSINESS TRIP OR UNIVERSITY EVENT UNLESS THE PRESENCE OF THE SPOUSE, DEPENDENT OR OTHER INDIVIDUAL ON A TRIP OR AT A UNIVERSITY EVENT IS FOR A BONA FIDE BUSINESS PURPOSE. INDIVIDUALS MUST OBTAIN APPROVAL FOR THE EXPENSES RELATED TO SPOUSES, DEPENDENTS OR OTHER INDIVIDUALS FROM THE VICE PRESIDENT OF FINANCE PRIOR TO THEIR TRIP OR UNIVERSITY EVENT. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2016-02-18 51690000 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624606P6 2017-06-01 10805845 SEE PART VI 0 0 0 A 4955000 51690000 51690000 2009 1 0 1 1 B 690000 10805845 10605863 170713 2012 0 1 1 1 A 0 1 1 1 0 0.00980 0.00000 0.00980 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I - DESCRIPTION OF PURPOSE SCHEDULE K, PART I, LINE A (2016 BONDS), COLUMN (F): REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY VARIABLE RATE DEMAND PRIVATE COLLEGE FACILITY REVENUE AND REFUNDING BONDS ISSUED 04/02/2003 AND 04/01/2008. SCHEDULE K, PART I, LINE B (2017 BONDS), COLUMN (F): ADVANCE REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY PRIVATE COLLEGE FACILITY BONDS ISSUED 12/16/2011. SCHEDULE K, PART II, LINE 11 - OTHER SPENT PROCEEDS COLUMN A (2016 BONDS): REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY VARIABLE RATE DEMAND PRIVATE COLLEGE FACILITY REVENUE AND REFUNDING BONDS ISSUED 04/02/2003 AND 04/01/2008. SCHEDULE K, PART IV - ARBITRAGE, LINE 2C: COLUMN A: 02/10/2017 COLUMN B: 09/13/2017 BUSH CONSTRUCTION MCCARTHY IMPROVEMENT HOWARD STEEL ENTITIES MORE THAN 35% OWNED BY FAMILY OF BARBARA JOHNSON, BOARD MEMBER 2192116 CONSTRUCTION SERVICES 0 X 30 441576 AVG HIGH/LOW X MISCELLANEOUS 67 67840 COST X FOOD & SUPPLIES 16 12933 COST X EQUIPMENT/FURNITURE 1 670 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PAGE 1, LINE 6 - VOLUNTEER ACTIVITIES FUNDRAISING EVENTS ALL HAVE VOLUNTEER COMMITTEES THAT HELP PLAN AND IMPLEMENT THESE EVENTS. OTHER VOLUNTEERS SERVE ON ADVANCEMENT COMMITTEES. THE ALUMNI BOARD HAS 25 MEMBERS WHO REPRESENT SAU AT CERTAIN ALUMNI EVENTS. THE BOARD IS RESPONSIBLE FOR HOSTING 3 TRIVIA NIGHTS EACH YEAR AND HOSTING THE BEE COOL TENT AT THE BIX FESTIVAL. THE FIGHTING BEE GOLF CLASSIC COMMITTEE HAS 14 MEMBERS WHO HOST THE FIGHTING BEE GOLF TOURNAMENT. THE WINE FESTIVAL COMMITTEE HAS 20 MEMBERS WHO PLAN 3 FUNDRAISING EVENTS EACH YEAR: A WINE TASTING, A WINE DINNER AND A WINE FESTIVAL. ALUMNI HAVE BEEN RECRUITED TO SERVE ON ADVISORY COUNCILS INCLUDING, PARENTS' COUNCIL, NATIONAL AMBROSE ANNUAL FUND COUNCIL, COLLEGE OF ARTS AND SCIENCES COUNCIL AND ATHLETICS COUNCIL. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF OFFICERS OF THE BOARD OF TRUSTEES AND THE CHAIRPERSONS OF EACH OF THE STANDING COMMITTEES (ACADEMIC AFFAIRS AND STUDENT SERVICES, ADVANCEMENT, FINANCE AND INVESTMENT, BUILDINGS AND GROUNDS, ENROLLMENT MANAGEMENT, GOVERNANCE AND NOMINATING, AUDIT AND EVALUATION AND COMPENSATION OF THE PRESIDENT). THIS COMMITTEE MAY EXERCISE, WHEN THE FULL BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE POWERS VESTED IN THE BOARD OF TRUSTEES, EXCEPT: - THE POWER TO ELECT, APPOINT OR REMOVE TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES - THE POWER TO CHANGE MEMBERSHIP OF, OR TO FILL VACANCIES IN THE EXECUTIVE COMMITTEE - THE POWER TO APPOINT THE PRESIDENT OF THE UNIVERSITY - THE POWER TO MAKE, ALTER, RESTATE, AMEND OR REPEAL THE RESTATED ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION - THE POWER TO AUTHORIZE ANY SINGLE EXPENDITURE IN EXCESS OF $500,000 AND CUMULATIVE EXPENDITURES IN EXCESS OF $2,000,000 DURING ANY FISCAL YEAR - THE POWER TO ADOPT A PLAN OF MERGER OR CONSOLIDATION - THE RIGHT TO SELL, ENCUMBER, LEASE OR EXCHANGE OR MAKE OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OR TO EFFECT A VOLUNTARY DISPOSITION OF THE CORPORATION OR A REVOCATION THEREOF - ANY OTHER POWERS WHICH MAY BE EXPRESSLY OR SPECIFICALLY WITHHELD BY RESOLUTION OF THE BOARD OF TRUSTEES THE OFFICERS OF THE BOARD OF TRUSTEES ARE DEFINED AS THE CHAIR (THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE VICE CHAIRS (TWO LAY MEMBERS OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE SECRETARY/TREASURER (PRESIDENT OF THE UNIVERSITY) AND THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT FOR FINANCE OF THE UNIVERSITY). THE ONLY MEMBER OF THE EXECUTIVE COMMITTEE WHO IS NOT A MEMBER OF THE BOARD OF TRUSTEES IS THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT OF FINANCE FOR THE UNIVERSITY). FORM 990, PART VI, SECTION A, LINE 2 CAROLINE RUHL, JOHN ANDERSON AND MARK KILMER - BUSINESS RELATIONSHIP. BRIAN LEMEK AND ELIZABETH LEMEK - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF IRS FORM 990 IS PROVIDED TO THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO THE JANUARY COMMITTEE MEETING. THE COMMITTEE REVIEWS THE 990 AND APPROVES THE RETURN SUBJECT TO ANY REQUESTED CHANGES. THE 990 IS THEN PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO THE APRIL BOARD OF TRUSTEES MEETING. THE BOARD REVIEWS AND APPROVES THE RETURN DURING THIS MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE. ALL MATERIAL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE. ALL MATERIAL PURCHASES THAT WOULD REQUIRE APPROVAL UNDER THE CONFLICT OF INTEREST QUESTIONNAIRE WOULD BE IDENTIFIED DURING THESE REVIEWS. ON AN ANNUAL BASIS THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE COMPARES THE RESPONSES IN THE CONFLICT OF INTEREST QUESTIONNAIRES TO THE UNIVERSITY'S ACCOUNTING RECORDS TO ENSURE THEY ARE COMPLETE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE CURRENTLY COMPRISED OF JOHN ANDERSON, COMMITTEE CHAIR, BISHOP THOMAS ZINKULA, CHAIR OF THE BOARD OF TRUSTEES, PHIL DOHERTY, BOARD MEMBER AND RITA BAWDEN, BOARD MEMBER. IN ADDITION TO RECOMMENDING THE SALARY AND BENEFIT PACKAGE FOR THE PRESIDENT, THIS COMMITTEE ALSO HANDLES THE ANNUAL EVALUATION OF THE PRESIDENT. EVERY FIVE YEARS THE COMMITTEE OBTAINS A STUDY FROM A CONSULTING FIRM SPECIALIZING IN HUMAN RESOURCE MATTERS TO COMPARE THE SALARY AND BENEFITS OF THE UNIVERSITY'S PRESIDENT TO INDUSTRY MEDIANS FOR INSTITUTIONS OF HIGHER EDUCATION SIMILAR IN SIZE AND SCOPE. THIS STUDY LOOKS AT NATIONAL TRENDS IN ADDITION TO COMPENSATION LEVELS IN THE MIDWEST REGION. IN THE YEARS BETWEEN THESE STUDIES, THE COMMITTEE ALSO OBTAINS INDUSTRY DATA FROM SOURCES SUCH AS THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). GENERALLY IN LATE JUNE TO EARLY JULY, THE COMMITTEE ASKS THE PRESIDENT TO COMPLETE A SELF-EVALUATION OF HIS OR HER PERFORMANCE FOR THE PAST YEAR. THIS SELF-EVALUATION IS REVIEWED AND A SUMMARY OF THE PRESIDENT'S PERFORMANCE AND FUTURE GOALS IS COMPLETED BY THE COMMITTEE. THE COMMITTEE MEETS WITH THE PRESIDENT PRIOR TO THE OCTOBER BOARD MEETING TO DISCUSS HIS OR HER PERFORMANCE. THE COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE PRESIDENT AND COMPARES IT TO THE INDUSTRY DATA NOTED ABOVE. THE COMMITTEE THEN DELIBERATES AND RECOMMENDS A SALARY AND BENEFIT PACKAGE THAT WILL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE DISCUSSION AND DECISION OF THE COMMITTEE IS DOCUMENTED IN THEIR MINUTES. THE SALARY AND BENEFIT PACKAGE IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL DURING THE OCTOBER BOARD MEETING. THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES IS DOCUMENTED IN THEIR MINUTES. THE FOLLOWING IS THE PROCESS FOR SETTING THE SALARY AND BENEFITS OF THE VICE PRESIDENTS AND KEY EMPLOYEES: THE COMPENSATION AND BENEFITS OF THE UNIVERSITY'S VICE PRESIDENTS AND KEY EMPLOYEES IS THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS THE PRESIDENT HAS EACH VICE PRESIDENT PREPARE A SELF EVALUATION. THE PRESIDENT REVIEWS THE SELF EVALUATION AND DOCUMENTS HIS OR HER EVALUATION OF THE VICE PRESIDENT'S PERFORMANCE. THE EVALUATION OF KEY EMPLOYEES IS THE RESPONSIBILITY OF THEIR DIRECT SUPERVISOR. THE PRESIDENT OBTAINS INDUSTRY DATA FROM CUPA-HR AND REVIEWS THE COMPENSATION AND BENEFIT LEVELS OF EACH VICE PRESIDENT AND KEY EMPLOYEE BEFORE SETTING THEIR SALARY AND BENEFITS. THE PRESIDENT THEN COMMUNICATES THIS INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART VII, SEC A: OFFICER COMPENSATION FOR SISTER JOAN LESCINSKI AS A MEMBER OF A RELIGIOUS ORDER, SISTER JOAN LESCINSKI'S COMPENSATION IS PAID TO HER ORDER. ST. AMBROSE UNIVERSITY PROVIDES A HOUSE, A CAR AND HEALTH INSURANCE BENEFITS TO SISTER JOAN LESCINSKI. UTILITIES, MAINTENANCE AND OTHER OPERATING COSTS OF THE HOUSE AND CAR ARE ALSO PAID FOR BY THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST RECEIVABLE 933. UNREALIZED GAIN(LOSS) ON INTEREST RATE SWAP -3,992,073. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES FOR ST. AMBROSE UNIVERSITY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE UNIVERSITY'S ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR CHOOSING THE INDEPENDENT AUDITOR EACH YEAR.