2025-11-13T10:52:39-06:00 2025-06-30 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2024-07-01 420730347 DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER DESM 5152711585 8025 GRAND AVENUE WEST DES MOINES IA 50266 MARK J PEIFFER SENIOR VP AND CFO 5152711585 2025-06-15 1 1 SHAWNA HULS P01315330 3192985333 2025-11-11 2024 2025-03-06 01:10:19Z DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 8025 GRAND AVENUE WEST DES MOINES IA 50266 151007250 0 X WWW.DMU.EDU X 1898 IA TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 19 18 1132 1273 6691 0 2474413 16150175 80195051 85566655 12943184 6073433 825256 404001 96437904 108194264 3356560 3565942 0 0 45138157 48229121 0 0 1517851 44796555 46973261 93291272 98768324 3146632 9425940 502652935 522125727 248268823 245210817 254384112 276914910 X TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 0 0 60249719 3565942 82005639 THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,534 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/25. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING TEN GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES PROMOTING A COLLECTIVE STRENGTH: A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN PURSUIT OF KNOWLEDGE AND INNOVATION. ALL PROGRAMS SHARE A SINGULAR MISSION: TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, DISCOVERY OF KNOWLEDGE, AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING. 7720133 0 3996436 THE UNIVERSITY OPERATES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH-QUALITY, COST-EFFICIENT PATIENT CARE. 30 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR NEARLY 34,000 PATIENT VISITS ACROSS SIX SPECIALTIES AND THREE PRIMARY LOCATIONS. THE CLINIC SERVES INSURED, UNINSURED, MEDICARE, MEDICAID, AND OTHER DIVERSE POPULATIONS. THE CLINIC PROVIDED NEARLY 2,200 APPOINTMENTS FOR PATIENTS REQUIRING AN INTERPRETER AT A COST OF OVER $80,000, INCLUDING NEARLY 370 REFUGEE PHYSICALS AND FOLLOW UP APPOINTMENTS. THE CLINIC PROVIDED OVER $19,000 IN FREE AND DISCOUNTED HEALTHCARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY AND SELF-PAY DISCOUNTS. RENT-FREE SPACE WAS PROVIDED TO THE SENIOR HEALTH INSURANCE PROGRAM (SHIP) SERVING OVER 200 SENIORS. CLINIC STAFF AND PROVIDERS ALSO WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL RESOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. 67969852 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 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 2176 0 1 1132 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL KY MA MD MI NH NY OR PA SC WI X JARREN S HUMMEL 5152711585 8025 GRAND AVENUE WEST DES MOINES IA 50266 SALLY K MASON PHD CHAIR 1.50 X X 0 0 0 MARY A RADIA DO VICE CHAIR 1.50 X X 0 0 0 MARK C MENADUE DO JD TREASURER 1.50 X X 0 0 0 MARCIA L HAMMERS SECRETARY 1.50 X X 0 0 0 LARRY J BAKER DO TRUSTEE 1.50 X 0 0 0 ERIC BARP DPM TRUSTEE 1.50 X 0 0 0 BARRY BRAVER DO TRUSTEE 1.50 X 0 0 0 DIANE BRIDGEWATER TRUSTEE 1.50 X 0 0 0 HIJINIO CARREON DO TRUSTEE 1.50 X 0 0 0 C RENEE HARDMAN TRUSTEE 1.50 X 0 0 0 VICTORIA L HERRING JD TRUSTEE 1.50 X 0 0 0 OMAR LATEEF DO TRUSTEE 1.50 X 0 0 0 AMBER LENHARDT TRUSTEE 1.50 X 0 0 0 S AHMED MERCHANT TRUSTEE 1.50 X 0 0 0 STEPHEN RICHARDS DO TRUSTEE 1.50 X 0 0 0 STANLEY E SKOPIT DO TRUSTEE 1.50 X 0 0 0 DAVID STARK TRUSTEE 1.50 X 0 0 0 BERNARD SWIFT DO TRUSTEE 1.50 X 0 0 0 MICHAEL C WITTE DO TRUSTEE 1.50 X 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 40.00 X 969842 0 133052 MARK J PEIFFER SENIOR VP AND CFO 40.00 X 432556 0 24468 KIMBERLY BROWN PHD VICE PRESIDENT, CAO 40.00 X 299100 0 37934 DAVID CONNETT DO DEAN (START 07/24) 40.00 X 237533 0 8886 WALLACE BOEVE EDD DEAN 40.00 X 249271 0 47432 KEVIN SMITH DPM PHD DEAN 40.00 X 244607 0 32555 DAVID L KAPASKA DO DEAN (UNTIL 06/24) 40.00 X 180631 0 9912 AUTUMN BRUNIA MD FACULTY 40.00 X 323238 0 40369 JOSE FIGUEROA CASANOVA DO FACULTY (UNTIL 02/25) 40.00 X 297744 0 36882 SARAH PARROTT DO FACULTY 40.00 X 297827 0 38811 ADRIAN WOOLLEY DO FACULTY 40.00 X 298798 0 37929 STEPHANIE GREINER VICE PRESIDENT 40.00 X 275004 0 35747 4106151 0 483977 114 0 1 0 TURNER CONSTRUCTION 500 LOCUST ST STE 103 DES MOINES IA 50309 CONSTRUCTION/MAINTENANCE 17077653 UG2 LLC 1 INTERNATIONAL PL 3RD FL BOSTON MA 02110 FACILITIES MANAGEMENT 3601167 GRAHAM CONSTRUCTION COMPANY 421 GRAND AVE DES MOINES IA 50309 CONSTRUCTION/MAINTENANCE 1557732 BAKER GROUP PO BOX 401 DES MOINES IA 50302 CONSTRUCTION/MAINTENANCE 1389717 UNITYPOINT HEALTH 1776 WEST LAKES PKWY STE 400 WEST DES MOINES IA 50266 ROTATIONS / LEASED EMPLOYEES 656070 27 213650 13903616 2032909 40329 16150175 TUITION & FEES 611310 81570219 81570219 PATIENT CARE 621399 3996436 3996436 85566655 4507910 6691 4501219 172 172 112556 120158 -7602 -7602 -7602 43150184 1057500 41983672 658489 1166512 399011 1565523 1565523 26850 213650 50667 -23817 -23817 CONFERENCE INCOME 900099 176552 176552 LEASE EMPLOYEES 541900 130000 130000 INSURANCE PROCEEDS 900099 31023 31023 97673 97673 435248 108194264 86002075 6691 6035323 59143 59143 3506799 3506799 3002123 1045871 1956252 87096 87096 35675008 27947694 6955986 771328 2789825 2163849 559667 66309 4058957 2944732 1023979 90246 2616112 2010986 551579 53547 141286 141286 321782 321782 30708 30708 649935 649935 7084699 5231393 1654208 199098 1422874 138088 1269408 15378 1098927 885015 207168 6744 6960873 3100600 3831283 28990 2707902 1138250 1569652 531308 348920 116155 66233 197646 86415 43951 67280 8750888 5792611 2958277 12131960 8081118 4050842 463795 109906 353889 NON-CAPITAL EQUIPMENT/S 331723 300999 30723 4146955 2959659 1034598 152698 98768324 67969852 29280620 1517851 1600 1600 8126538 12099825 1297172 1004838 946824 1012384 4155845 3779034 3501557 3454238 384580923 87827660 306763844 296753263 128863966 150235492 41622920 45867260 7372669 7917793 502652935 522125727 8418339 8875357 4633585 4714715 5723374 6564325 228038417 223253324 130789 402658 1324319 1400438 248268823 245210817 X 232868356 253909095 21515756 23005815 254384112 276914910 502652935 522125727 X 9425940 13271483 -166625 X 0 1 X 1 1 1 X 4802521 3277631 5519460 2474413 4895742 20969767 4802521 3277631 5519460 2474413 4895742 20969767 165244 20804523 4935352 2409834 4109287 4295410 4613947 20363830 5589 67865 90569 43445 0 207468 41541065 384711411 0.50080 0.47180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 30708 0 0 30708 0 PART II-B, LINE 1: CERTAIN MEMBERS OF THE BOARD OF TRUSTEES, UNIVERSITY PERSONNEL, STUDENTS AND FRIENDS OF THE UNIVERSITY ATTEND VARIOUS ACTIVITIES WITH LEGISLATORS THROUGHOUT THE YEAR INCLUDING BOTH LOCAL/STATE AND NATIONAL EVENTS. THE OVERSIGHT OF THE UNIVERSITY'S LOBBYING ACTIVITIES IS PRIMARILY THROUGH THE UNIVERSITY'S CHIEF OF STAFF TO REPRESENT THE UNIVERSITY FOR STATE AND FEDERAL ISSUES AND DETERMINE THE POSITION OF THE UNIVERSITY WITH INPUT FROM SENIOR LEADERSHIP ON THE LEGISLATIVE AGENDA. THE CHIEF OF STAFF ALSO RESPONDS TO THE POSITION OF THE UNIVERSITY ON SPECIFIC TECHNICAL BILLS AND LEGISLATIVE ITEMS. THE UNIVERSITY UTILIZED EXTERNAL LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT IN PROVIDING DIRECTION, MONITORING AND ANALYSIS OF BILLS BEING INTRODUCED AT THE STATE OF IOWA LEGISLATURE. SUCH COUNSEL HAS PROVIDED GUIDANCE ON THE STATUS OF APPROPRIATIONS FOR EXISTING STATE OF IOWA LEGISLATION WHICH PROVIDES FINANCIAL SUPPORT TO UNIVERSITY STUDENTS. IN ADDITION, COUNSEL HAS BEEN PROVIDED ON PROPOSED LEGISLATION WHICH WOULD EXPAND SUCH FINANCIAL SUPPORT FOR STUDENTS. LOBBYING EXPENSES ALSO INCLUDE $4,208 OF EXECUTIVE MANAGEMENT STAFF AND TRAVEL RELATED EXPENSES FOR PLANNED TRIPS TO WASHINGTON D.C. TO DISCUSS UNIVERSITY FUNDING OPPORTUNITIES AND LOBBYING ACTIVITIES RELATING TO CERTAIN FEDERAL REGULATIONS IMPACTING THE UNIVERSITY AND OTHER EDUCATIONAL INSTITUTIONS. 0 1 X 89484093 1813016 18555693 1926597 7142300 649935 100133970 79665950 1214165 18572877 925686 8481764 561449 89484093 75622021 2511213 11825650 1457634 8328610 506690 79665950 97752366 2033217 -16453110 1178593 6032798 499061 75622021 63737375 1702048 40277732 1529225 5827400 608164 97752366 0.77025 0.12178 0.10797 1 0 26422352 26422352 304497285 60476810 244020475 38158901 21897787 16261114 15502385 5453063 10049322 296753263 SEI GPA PRIVATE EQUITY 1980348 F MORGAN STANLEY MULTI-STRATEGY EQUITY 12524696 F MORGAN STANLEY PRIVATE EQUITY 16017784 F MORGAN STANLEY DIRECT LENDING 2530016 F MORGAN STANLEY REAL ESTATE DEBT 2335773 F MORGAN STANLEY SECONDARY EQUITY 4177669 F MORGAN STANLEY DISTRESSED OPPORTUNITIES 6300974 F 45867260 INT RATE SWAP LIAB 764253 LEASE LIABILITY 636185 1400438 X 117345137 13271483 -140151 13131332 104213805 649935 3330524 3980459 108194264 94814339 170825 170825 94643514 649935 3474875 4124810 98768324 PART IV, LINE 2B: FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $275,816. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $126,842. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS AND SUPPORT PROGRAMS AND FACILITIES. 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 TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF JUNE 30, 2025 AND 2024, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -140,151. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -120,158. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -50,667. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 3,501,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 120,158. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 50,667. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 3,501,349. LOSSES ON UNCOLLECTIBLE PLEDGES REPORTED AS EXPENSE ON AUDITED F/S -26,474. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE THE 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 INCLUDED IN ALL PRINTED ADMISSIONS PUBLICATIONS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE RECEIVED INCLUDES AMOUNTS FROM THE US DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES. US DEPARTMENT OF EDUCATION PROGRAMS PROVIDING FUNDS INCLUDE THE FEDERAL DIRECT LOAN PROGRAM AND THE FEDERAL WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25141530 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4177669 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH 1446 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL 2660 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT TRAVEL 1474 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL 1928 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH 2304 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FACULTY TRAVEL 4280 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH 7527 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FACULTY TRAVEL 5031 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH 1999 0 0 0 0 0 0 29333291 14557 29347848 1 0 0 1 1 0 SCHOLARSHIP DINNER 240500 213650 26850 13494 26199 4410 6564 240500 213650 26850 13494 26199 4410 6564 50667 -23817 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 333 3501349 0 N/A N/A STUDENT AWARDS FOR LEADERSHIP AND SERVICE 11 5450 N/A N/A PART I, LINE 2: THE UNIVERSITY ATTEMPTS TO MAKE ADEQUATE FINANCIAL ASSISTANCE AVAILABLE TO STUDENTS WITHIN THE LIMITS OF EACH STUDENT BUDGET AND THE AVAILABILITY OF FUNDS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL PROMISE, LEADERSHIP POTENTIAL, FINANCIAL NEED AND/OR SPECIFIC GUIDELINES ESTABLISHED BY DONORS. FINANCIAL NEED IS DETERMINED ON THE BASIS OF INFORMATION PROVIDED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 961460 0 0 0 8382 0 118000 0 15052 0 1102894 0 0 0 MARK J PEIFFER SENIOR VP AND CFO 430200 0 0 0 2356 0 23000 0 1468 0 457024 0 0 0 AUTUMN BRUNIA MD FACULTY 313009 0 0 0 10229 0 22500 0 17869 0 363607 0 0 0 KIMBERLY BROWN PHD VICE PRESIDENT, CAO 297344 0 0 0 1756 0 23000 0 14934 0 337034 0 0 0 ADRIAN WOOLLEY DO FACULTY 296021 0 0 0 2777 0 23000 0 14929 0 336727 0 0 0 SARAH PARROTT DO FACULTY 296442 0 0 0 1385 0 15820 0 22991 0 336638 0 0 0 JOSE FIGUEROA CASANOVA DO FACULTY (UNTIL 02/25) 295639 0 0 0 2105 0 23000 0 13882 0 334626 0 0 0 STEPHANIE GREINER VICE PRESIDENT 273916 0 0 0 1088 0 23000 0 12747 0 310751 0 0 0 WALLACE BOEVE EDD DEAN 235743 0 0 0 13528 0 23000 0 24432 0 296703 0 0 0 KEVIN SMITH DPM PHD DEAN 242758 0 0 0 1849 0 10200 0 22355 0 277162 0 0 0 DAVID CONNETT DO DEAN (START 07/24) 216866 0 0 0 20667 0 5000 0 3886 0 246419 0 0 0 DAVID L KAPASKA DO DEAN (UNTIL 06/24) 178468 0 0 0 2163 0 9583 0 329 0 190543 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. THE ORGANIZATION ALSO PAYS TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE FOR TRAVEL TO CERTAIN UNIVERSITY EVENTS AND IS REFLECTED APPROPRIATELY ON THE PRESIDENT'S W-2. PART I, LINE 3 THE UNIVERSITY CONTRACTS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO COMPLETE A COMPREHENSIVE ANALYSIS OF THE TOTAL COMPENSATION FOR THE PRESIDENT & CEO. THE ANALYSIS IS COMPLETED EVERY THREE YEARS AND WAS LAST COMPLETED IN 2025 DETERMINING FISCAL YEAR 2026 COMPENSATION. MARKET DATA INCLUDES THE MOST CURRENT INFORMATION AVAILABLE FROM IRS 990 FORMS, COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION DATA, AND INDUSTRY ASSOCIATIONS ALL BASED UPON COMPARISONS TO PEER INSTITUTIONS. THE EXTERNAL EVALUATIONS ARE COMPLETED TO ENSURE ALIGNMENT WITH UNIVERSITY PRESIDENTS MARKET COMPENSATION. PART I, LINE 4B 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 DISCRETIONARY CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. DISCRETIONARY CONTRIBUTIONS DURING THE YEAR TOTALED $95,000 FOR ANGELA L WALKER FRANKLIN, PRESIDENT & CEO. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2022-07-06 19695000 REFUND PRIOR ISSUE (9/25/2018) 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624607N0 2020-10-29 169173377 CONSTRUCT & EQUIP FACILITY 0 0 0 C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 46247DAF4 2022-07-07 50461213 CONSTRUCT & EQUIP FACILITY 0 0 0 A 3855000 19695000 19695000 2005 1 0 1 1 B 5290000 169398542 18001087 1220815 150176640 2023 0 0 0 1 C 50766222 461213 50305009 2023 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 A 0 0 1 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/06/2023 (B) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2023 (C) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2023 NOTE REGARDING THE REBATE COMPUTATIONS ON 6/30/2023 & 10/1/2023: 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 COMPUTATION ON 1/6/2023: 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. SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS / MARKET VALUE FLUCTUATIONS. HAILEY HUEY FAMILY OF TRUSTEE 87096 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (B) HAILEY HUEY, HIRE DATE AUGUST 2023, FAMILY MEMBER OF DIANE BRIDGEWATER, TRUSTEE APPOINTMENT DATE SEPTEMBER 2024. X 3 8901 FMV X 2 28928 FMV X PRINTED MATERIALS 1 2500 FMV 0 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS PART I, LINE 32B: DMU USES A THIRD PARTY TO PROCESS AND SELL SECURITIES RECEIVED FROM DONORS. FORM 990, PART I, LINE 6:VOLUNTEERS VOLUNTEERS ARE MADE UP OF BOARD MEMBERS, GUEST CLASSROOM LECTURERS, PRECEPTORS FOR CLINICAL ROTATIONS AND STUDENT VOLUNTEERS FOR COMMUNITY SERVICE ACTIVITIES. FORM 990, PART I, LINE 5:EMPLOYEES THE NUMBER OF INDIVIDUALS EMPLOYED DURING CALENDAR YEAR 2024 INCLUDES 86 GUEST LECTURERS AND 465 STUDENTS AND STUDENT RESEARCH ASSISTANTS. FORM 990, PART VI, SECTION A, LINE 2 DR. ERIC BARP, TRUSTEE, AND AMBER LENHARDT, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FORM 990 IS FILED, AN ELECTRONIC COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS ON THE BOARD OF TRUSTEES' PORTAL. THE AUDIT AND COMPLIANCE COMMITTEE MEETS TO REVIEW FORM 990 AND VOTES TO APPROVE FILING OF THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL TRUSTEES, THE PRESIDENT, AND EXECUTIVE LEADERSHIP TEAM MEMBERS WITH THE UNIVERSITY MUST COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY, INCLUDING INITIAL DISCLOSURE AT THE BEGINNING OF THEIR SERVICE, AND DISCLOSE ANY NEW POTENTIAL CONFLICTS AS THEY DEVELOP. THE CHIEF COMPLIANCE OFFICER REVIEWS INITIAL AND ANNUAL DISCLOSURE STATEMENTS AND POTENTIAL CONFLICTS ARE REVIEWED ANNUALLY BY THE AUDIT AND COMPLIANCE COMMITTEE. THE POLICY IS ADMINISTERED BY THE CHAIR OF THE BOARD FOR THE BOARD OF TRUSTEES AND THE PRESIDENT. THE POLICY IS ADMINISTERED BY THE CHIEF COMPLIANCE OFFICER FOR EXECUTIVE LEADERSHIP TEAM MEMBERS. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. A CONFLICT OF INTEREST EXISTS (1) WHEN AN INDIVIDUAL OBTAINS OR APPEARS TO OBTAIN AN IMPROPER GAIN OR ADVANTAGE AS A RESULT OF HIS/HER ACTIVITIES ON BEHALF OF THE UNIVERSITY, (2) WHEN HIS/HER ACTIVITIES ADVANCE OR APPEAR TO ADVANCE HIS/HER OWN INTERESTS OR THOSE OF ANOTHER RATHER THAN THE INTERESTS OF THE UNIVERSITY, OR (3) WHEN HIS/HER ACTIONS ADVERSELY AFFECT OR APPEAR TO ADVERSELY AFFECT THE BEST INTERESTS OF THE UNIVERSITY. INDIVIDUALS SHALL NOT PARTICIPATE IN DISCUSSIONS, VOTES, OR OTHER REPRESENTATIONS ON PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A METHOD AND PROCESS WHICH INCLUDES GATHERING COMPARATIVE DATA FROM EXTERNAL SOURCES FOR RATING POSITIONS AND DETERMINING COMPENSATION. SALARY RANGES HAVE BEEN ESTABLISHED FOR ALL UNIVERSITY POSITIONS BASED ON MARKET VALUE. IN INSTANCES WHERE SUFFICIENT COMPARATIVE DATA IS NOT AVAILABLE, THE ORGANIZATION UTILIZES MEMBERSHIP IN AN EMPLOYER'S ASSOCIATION WHICH PROVIDES HUMAN RESOURCES SERVICES IN SEVERAL AREAS INCLUDING HR CONSULTING, COMPENSATION, AND COMPLIANCE. THE EXECUTIVE COMMITTEE REVIEWS SALARIES AND RANGES OF EXECUTIVE LEADERSHIP TEAM MEMBERS IN MAY FOR SALARIES EFFECTIVE THE FOLLOWING JULY 1ST. THIS INCLUDES SALARIES FOR THE POSITIONS OF SENIOR VP AND CHIEF FINANCIAL OFFICER, DEANS, VICE PRESIDENTS, CHIEF INFORMATION OFFICER, CHIEF COMPLIANCE OFFICER, CHIEF DIVERSITY OFFICER, CHIEF CLINIC ADMINISTRATIVE OFFICER, CHIEF HUMAN RESOURCES OFFICER, AND CHIEF RESEARCH OFFICER. FOR THE UNIVERSITY PRESIDENT/CEO, THE EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND EVALUATES THE PRESIDENT'S CONTRACT AND ASSOCIATED SALARY BASED UPON COMPARABLE DATA AND ESTABLISHED RANGES. THE PERFORMANCE EVALUATION IS AN IMPORTANT COMPONENT OF THE EVALUATION PROCESS. THE BOARD OF TRUSTEES APPROVES PRESIDENT'S CONTRACT AND SALARY BASED UPON COMPARABLE DATA AND PRESIDENT'S PERFORMANCE EVALUATION. THE UNIVERSITY CONTRACTS WITH AN INDEPENDENT COMPENSATION CONSULTANT EVERY THREE YEARS TO COMPLETE A COMPREHENSIVE ANALYSIS OF THE TOTAL COMPENSATION FOR THE PRESIDENT/CEO AND THIS IS REVIEWED WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AUDIT REPORT IS MADE AVAILABLE ONLINE THROUGH THE MUNICIPAL SECURITIES RULEMAKING BOARD WEBSITE FOR ELECTRONIC MUNICIPAL MARKET ACCESS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -140,151. LOSS ON UNCOLLECTIBLE PLEDGES -26,474.