2019-04-30T14:39:05-05:00 2018-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2017-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 MICHAEL POSTER VP OF FINANCE 5633336329 2019-04-29 1 CARLEY UMSTEAD P00982177 3192985333 108.171.131.186 2019-04-29 10:18:10 CD P D60D947A54053FF5DEA0CE90B489EB9643D1C695 3B40D2BB9DC155A8CECE0322F43835FBE5BCE9B8 2017 2019-02-21 02:37:17Z SISTER JOAN LESCINSKI 518 WEST LOCUST STREET DAVENPORT IA 52803 155704876 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. 32 30 1870 839 295903 -3118 6168307 7165692 95775874 98567194 3234858 5748439 147869 50278 105326908 111531603 31118872 32776989 0 0 40976026 39066757 68500 15497 1945740 27318481 27679597 99481879 99538840 5845029 11992763 295567264 309642424 87929769 83041278 207637495 226601146 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 26047333 81667567 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. THIRTEEN BACHELORS, THIRTEEN MASTERS AND THREE DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 32776988 32776988 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 8462922 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. 10331439 16612999 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS. 556072 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. 2383917 OTHER PROGRAM SERVICES INCLUDES INTEREST EXPENSE. 4229159 ACADEMIC SUPPORT 17500587 16612999 84787830 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 1 0 1 0 0 0 0 0 0 0 0 1 4270 0 1 1870 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ IA LA MA MD MI NH SC WA 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 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 SUSAN MARLEY BIRD BOARD MEMBER 1.00 X 0 0 0 DR DAN BRODERICK BOARD MEMBER 1.00 X 0 0 0 EDMUND CARROLL BOARD MEMBER 1.00 X 0 0 0 LEONARD CERVANTES 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 JILL MCLAUGHLIN BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 JOSEPH R 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 LISA WARE BOARD MEMBER 1.00 X 0 0 0 JOAN LESCINSKI CSJ PHD PRESIDENT/BOARD SEC/TREASURER 40.00 X X 0 0 11332 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 40.00 X 200061 0 30971 DR PAUL KOCH VP ACADEMIC & STUDENT AFFAIRS 40.00 X 200970 0 31868 DR SANDRA CASSADY VP STRATEGIC INITIATIVES 40.00 X 155872 0 30928 DR JAMES LOFTUS VP ENROLLMENT MANAGEMENT 40.00 X 60366 0 10411 JAMES STANGLE VP ADVANCEMENT 40.00 X 170853 0 18215 JOHN BYRNE PROFESSOR 40.00 X 122274 0 28960 RANDY RICHARDS PROFESSOR 40.00 X 144537 0 5452 ARTHUR MOREAU PROFESSOR 40.00 X 124189 0 7234 PAULA MCNUTT DEAN 40.00 X 133998 0 16617 WILLIAM LESCH DEAN 40.00 X 133812 0 25927 1446932 0 217915 38 0 1 0 RUSSELL CONSTRUCTION 4600 E 53RD ST DAVENPORT IA 52807 CONSTRUCTION 11885307 SODEXO CAMPUS SERVICES 518 W LOCUST ST DAVENPORT IA 52803 FOOD SERVICES 6052548 ESTES CONSTRUCTION PO BOX 3608 DAVENPORT IA 52808 CONSTRUCTION 1075787 ROYALL & COMPANY 1920 E PRAHAM ROAD RICHMOND VA 23228 MARKETING 520251 ELLUCIAN COMPANY LP 62814 COLLECTIONS CTR DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 371680 25 8140 246398 341970 6569184 1442638 7165692 EDUCATION/GENERAL 611710 81667567 81667567 AUXILIARY ENTERPRISES 624410 16899627 16612999 286628 98567194 3731135 3731135 108975 75301 33674 33674 33674 46038115 37350 44049582 8579 1988533 28771 2017304 2017304 47140 246398 39811 7329 7329 K-1 PARTNERSHIP 900099 9275 9275 9275 111531603 98280566 295903 5789442 32776989 32776989 1346118 415737 739753 190628 64649 64649 30685602 25631873 4157662 896067 1585171 1351714 187732 45725 3189968 2532183 539471 118314 2195249 1809479 312013 73757 91869 91869 97040 97040 15497 15497 346192 346192 2590099 336664 2216467 36968 1034147 78660 916395 39092 1279232 837149 338883 103200 1008312 1008312 2103322 1930770 136013 36539 1128539 980449 40910 107180 14140 6904 7236 2489604 2489604 5678822 5142465 422781 113576 490432 317977 159397 13058 FOOD COSTS 4564351 4503959 495 59897 EQUIP AND MAINTENANCE 1480823 1404487 57139 19197 LIB BOOKS & BINDING 538819 538819 UNRELATED BUS INC TAX 1314 1314 2742540 1701948 964861 75731 99538840 84787830 12805270 1945740 1312518 2249784 6901067 10664086 3725910 3378245 655725 1521429 939866 931802 199403347 68508046 126613873 130895301 133502441 139951439 20495720 18792505 1399067 1236756 21077 21077 295567264 309642424 12466003 11884374 626738 783201 59549372 57870361 15287656 12503342 87929769 83041278 X 170768086 194389490 23339281 17681667 13530128 14529989 207637495 226601146 295567264 309642424 X 11992763 3998754 49575 2922559 X 0 1 X 1 1 1 X 6094320 6282827 5518528 6168307 7165692 31229674 6094320 6282827 5518528 6168307 7165692 31229674 1400477 29829197 2433323 2620167 3239779 2708808 3840110 14842187 47478 6473 16715 9762 80428 46152289 479694825 0.64630 0.65660 X 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 117969947 2506035 14908510 351882 89464 2645451 132297695 0.82000 0.09000 0.09000 1 0 867127 8703943 9571070 6824542 153609789 53252378 107181953 5983239 2645408 3337831 19454975 12589771 6865204 3959732 20489 3939243 130895301 CASH VALUE OF LIFE INSURANCE 322900 F ALTERNATIVE INVESTMENTS 18469605 F 18792505 ACCRUED LOSS - INTEREST RATE SWAP 8257021 US GOVERNMENT GRANTS - PERKINS LOANS 2278986 ANNUITIES PAYABLE 1967335 12503342 X 85520989 3998754 49575 906 4049235 81471754 -72009 30131858 30059849 111531603 66557338 -2865997 -2865997 69423335 -72009 30187514 30115505 99538840 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, 2018 AND 2017, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS ENDED JUNE 30, 2014 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST RECEIVABLE 906. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -75,301. INSTITUTIONAL GRANTS 30,187,514. GAIN (LOSS) ON FIXED ASSETS 28,771. FUNDRAISING EXPENSE NETTED WITH REVENUE -9,126. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE 75,301. GAIN (LOSS) ON FIXED ASSETS -28,771. UNREALIZED GAIN ON INTEREST RATE SWAP -2,921,653. FUNDRAISING EXPENSES NETTED WITH REVENUE 9,126. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 30,187,514. 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 STATED IN ALL ADVERTISEMENTS AND UNIVERSITY MATERIALS. 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 NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES: SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS GRANT NATIONAL ENDOWMENT FOR THE ARTS: PROMOTION OF THE ARTS US DEPARTMENT OF VETERANS AFFAIRS SPECIALLY ADAPTED HOUSING ASSISTIVE TECHNOLOGY GRANT 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 0 0 PROGRAM SERVICES STUDY ABROAD 30 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 16679 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 194199 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 31825 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 3730 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 11911000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 3046000 0 0 0 0 0 0 15203463 0 15203463 1 0 1 0 1 0 X X X X X X X 1 THE STOCKADE GROUP 650 FRANKLIN ST SCHENECTADY NY 12306 OUTSOURCE OF PHONATHON 0 27866 13260 14606 27866 13260 14606 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 224755 187740 37015 9303 15351 214 5903 GOLF OUTING 68783 58658 10125 5124 3916 293538 246398 47140 9303 20475 214 9819 39811 7329 1 STUDENT SCHOLARSHIPS 2201 28173256 ATHLETIC SCHOLARSHIPS 755 2650959 EMPLOYEE SCHOLARSHIPS 136 1952774 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 X 0 1 0 0 0 0 0 0 0 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 187472 0 0 0 12589 0 12894 0 18077 0 231032 0 0 0 DR PAUL KOCH VP ACADEMIC & STUDENT AFFAIRS 185546 0 0 0 15424 0 13170 0 18698 0 232838 0 0 0 DR SANDRA CASSADY VP STRATEGIC INITIATIVES 154456 0 0 0 1416 0 10692 0 20236 0 186800 0 0 0 JAMES STANGLE VP ADVANCEMENT 157203 0 0 0 13650 0 10933 0 7282 0 189068 0 0 0 JOHN BYRNE PROFESSOR 122274 0 0 0 0 0 8386 0 20574 0 151234 0 0 0 PAULA MCNUTT DEAN 133698 0 0 0 300 0 9456 0 7161 0 150615 0 0 0 WILLIAM LESCH DEAN 133637 0 0 0 175 0 7300 0 18627 0 159739 0 0 0 PART I, LINE 4B CONTRIBUTION TO SR. JOAN LESCINSKI 457(F) PLAN FOR 2017 WAS $11,332. SCHEDULE J - SUPPLEMENTAL INFORMATION SISTER JOAN LESCINSKI (PRESIDENT/BOARD MEMBER) HAD A HOUSING ALLOWANCE OF $10,141. THIS WAS CONSIDERED NONTAXABLE COMPENSATION. MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), AND JAMES STANGLE ( VP FOR ADVANCEMENT) RECEIVED SOCIAL CLUB DUES OF $2,765, $10,140 AND $10,510 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), SANDRA CASSADY (VP FOR STRATEGIC INITIATIVE), AND JAMES LOFTUS (VP ENROLLMENT MANAGEMENT) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $9,224, $4,684, $2,540, $816, AND $2,072 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. 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 3630000 51690000 51690000 2009 1 0 1 1 B 375000 10805845 10605863 170713 2012 0 1 1 1 A 0 1 1 1 0 0.00850 0.00000 0.00850 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 ALLISON CONKLIN GRANDDAUGHTER OF JILL MCLAUGHLIN, BOARD MEMBER 64649 SALARY AND BENEFITS PAID TO ALLISON MCLAUGHLIN FOR EMPLOYMENT IN ADMISSIONS OFFICE 0 BUSH CONSTRUCTION MCCARTHY IMPROVEMENT HOWARD STEEL ENTITIES MORE THAN 35% OWNED BY FAMILY OF BARBARA JOHNSON, BOARD MEMBER 1509312 CONSTRUCTION SERVICES 0 X 46 1326227 AVG HIGH/LOW X MISCELLANEOUS 98 105525 COST X FOOD & SUPPLIES 6 8135 COST X EQUIPMENT/FURNITURE 1 2751 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 20 MEMBERS WHO REPRESENT SAU AT CERTAIN ALUMNI EVENTS. THE BOARD IS RESPONSIBLE FOR HOSTING 3 TRIVIA NIGHTS EACH YEAR AND HOSTING THE BEE COOL TENTS AT THE BIX AND QC MARATHON. 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 A 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 (BOARD MEMBER), JOHN ANDERSON (BOARD MEMBER) AND MARK KILMER (BOARD MEMBER), HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. BRIAN LEMEK AND ELIZABETH LEMEK HAVE A FAMILY RELATIONSHIP (HUSBAND AND WIFE). 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, AND PHIL DOHERTY AND RITA BAWDEN, BOARD MEMBERS. 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 906. UNREALIZED GAIN(LOSS) ON INTEREST RATE SWAP 2,921,653. 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.