2018-11-09T11:24:31-06:00 2018-06-30 450250958 EIDE BAILLY LLP 1730 BURNT BOAT LOOP STE100 BISMARCK ND 585030886 990 2017-07-01 450231180 University of Jamestown UNIV 7012523467 6088 College Lane Jamestown ND 58405 Greg Ross V.P. for Finance & Business Affairs 7012523467 2018-10-24 1 Lisa Chaffee CPA P00193453 7012551091 2018-10-24 8.39.233.202 2018-10-24 10:10:26 CD P 38C0D8FF55FA272924E83028D6B9FABEF20E0653 6C5C7615629003FE5131C2A9D9561EECA5C1EDDC 2017 2019-02-21 02:37:17Z Jamestown College Greg Ross 6088 College Lane Jamestown ND 58405 33519053 0 X www.uj.edu X 1883 ND Education 31 27 830 60 8212 4703 8569215 4026284 27115872 26841863 2308210 2134320 13267 134304 38006564 33136771 10423371 10498295 0 0 13008428 13029452 0 0 1427307 10235654 10994452 33667453 34522199 4339111 -1385428 103387155 102688813 24666046 24639170 78721109 78049643 X University of Jamestown is a community dedicated to the development of wholeness in our students. We adhere to a curriculum of academic excellence which balances the ideals of the liberal arts tradition and sound professional preparation. Our Christian tradition encourages an atmosphere of self-discipline, responsibility and concern for continuing growth of the individual. 0 0 7683371 21827525 University of Jamestown is a residential, independent, four-year, coeducational, Liberal Arts College related to the Presbyterian Church (U.S.A.). The college was chartered in 1884. The first classes began in September 1886. Throughout its more than 100-year history, Jamestown College has consistently stood for academic excellence and Christian principles in all that it does. The College offers Bachelor of Arts and Bachelor of Science degrees in 43 major areas of study, as well as 34 minors and 12 pre-professional and certification programs. The University expanded its offerings and began a doctoral program in 2013 and masters programs in 2015. University of Jamestown has been a continuous accredited member of the North Central Association since 1920.Post-Secondary Education: Instruction - Academic programs with approximately 1100 FTE students enrolled. Bachelor of Arts, Bachelor of Science, masters and doctoral degrees are awarded by the Institution. 10498295 10498295 Post-Secondary Education: Student Aid - Institutional scholarships and work programs offered to students. Aid is awarded both based upon need and scholastic achievement. 6194060 77953 Post-Secondary Education: General Administrative Support - Physical plant, general institution and administrative support. 2528061 4936385 Post-Secondary Education: Auxiliary Enterprises - Student housing, food services, and bookstore. 2598135 Post-Secondary Education: Student Services - Counseling, financial aid, registrar, recruiting and academic assistance. 1207744 Post-Secondary Education: Other Sponsored Programs - Athletics, choir, band. 373567 Post-Secondary Education: Library - Provide educational support via books, publications, periodicals, multimedia, and through other means to academic departments and students. 6707507 4936385 31083233 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 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1468 0 1 830 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tonya McIlonie Sletto 7012523467 6088 College Lane Jamestown ND 58405 James Unruh Chairman 3.00 X X 0 0 0 Ed Nafus 1st Vice Chair (July-May) 2.00 X X 0 0 0 Peggy Foss 2nd Vice Chair 2.00 X X 0 0 0 Kelly Krein Trustee 1.00 X 0 0 0 James Harty Jr Trustee 1.00 X 0 0 0 Alan Berg Trustee 1.00 X 0 0 0 Ruth Denault Trustee 1.00 X 0 0 0 Kari Ness Trustee 1.00 X 0 0 0 Steven Bietz Trustee 1.00 X 0 0 0 Bart Holaday Trustee 1.00 X 0 0 0 Jim Johnson Trustee 1.00 X 0 0 0 Larry Langemo Trustee 1.00 X 0 0 0 Tessa Gould Trustee 1.00 X 0 0 0 Reuben Liechty Trustee 1.00 X 0 0 0 C Alan Lindberg Trustee 1.00 X 0 0 0 David Muhs Trustee 1.00 X 0 0 0 Robert Piatz Trustee 1.00 X 0 0 0 Elmer Schindel Trustee 1.00 X 0 0 0 Jasper Schneider Trustee 1.00 X 0 0 0 H George Schuler Trustee 1.00 X 0 0 0 Jill Sisk Trustee 1.00 X 0 0 0 Todd Steinwand Trustee 1.00 X 0 0 0 Paul Sukut Trustee 1.00 X 0 0 0 William Bernhagen Trustee 1.00 X 0 0 0 Virgil Miedema Trustee 1.00 X 0 0 0 Richard Hall Trustee 1.00 X 0 0 0 Jo-Ida Hansen Trustee 1.00 X 0 0 0 Charles Willougby Trustee 1.00 X 0 0 0 Clark Wold Trustee 1.00 X 0 0 0 Jeff Young Trustee 1.00 X 0 0 0 Mark Wolf Ex Officio Trustee 1.00 X 0 0 0 Robert Badal President through February 40.00 X X 243117 0 20438 Polly Peterson - Executive VP (July-Feb)/President (March-June) 40.00 X X 145549 0 14354 Greg Ross - VP for Finance & Business Affairs starting January 40.00 X 0 0 0 Tom Heck VP-Planning and Administration 40.00 X 119472 0 11431 Paul Olson VP-Academic Affairs 40.00 X 118410 0 11375 Michael Heitkamp VP-Enrollment Management 40.00 X 106837 0 5457 Dr Fatholah Kassemi Professor-Dept of Mathematics 40.00 X 117100 0 11312 Dr Sara Voorhees Professor-Dept of Physical Therapy 40.00 X 100797 0 10497 951282 0 84864 8 0 1 0 JE Dunn Construction Co 1001 Locust St Kansas City MO 64106 General contracting 8750216 Sodexo 6014 College Lane Jamestown ND 58405 Food service provider 2086687 Hillerud Construction Inc 311 1st Ave S Jamestown ND 58401 General contracting 235070 Jenzabar PO Box 55018 Boston MA 022055108 Software maintenance 111894 4 92185 3934099 311547 4026284 Tuition & Fees 611600 21827525 21827525 Auxillary Income 611710 4936385 4936385 Federal Aid Reimb 611600 27665 27665 Student Loan Interest 611600 4309 4309 45979 37767 8212 26841863 862143 862143 151705 151705 1562584 290407 1272177 1272177 1272177 74474 92185 91875 -17401 -17401 33136771 26833651 8212 2268624 10498295 10498295 467361 90763 217692 158906 10166182 9369696 231304 565182 379313 359187 10063 10063 1350520 1305437 20887 24196 666076 632004 17036 17036 239197 239197 49450 49450 193068 193068 7290 7290 213090 203087 4067 5936 1248361 886043 42505 319813 71782 71782 1543109 1437290 63021 42798 465965 396096 17378 52491 43411 43411 668200 48154 620046 2382147 2143933 119107 119107 Contract Food Services 1512655 1512655 Repair & Maintenance 942366 841674 79659 21033 Athletics/Music Program 743832 743832 Auxiliary Cost of Goods 193508 193508 477021 342507 43768 90746 34522199 31083233 2011659 1427307 27149 22903 3076310 1906208 3146454 1039843 239482 269940 267116 278532 35237 45329 95325964 37903912 55916071 57422052 500 500 39261605 40440708 1148143 992671 269088 270127 103387155 102688813 2983366 1993900 1062042 853179 947000 877667 15760906 15773388 223291 204880 2684822 4002395 1004619 933761 24666046 24639170 X 15805749 13815222 32405934 32303677 30509426 31930744 78721109 78049643 103387155 102688813 X -1385428 711033 2929 X 0 1 X 1 1 1 X 0 0 0 31083233 31083233 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 7870 6810 14680 250000 250000 250000 250000 1000000 1500000 0 1 X 37102825 1439983 2854325 2213888 303638 193068 38686539 34534182 1195363 3704489 1823936 282804 224469 37102825 34954434 1602863 297782 1820400 267137 233360 34534182 35940393 581080 921304 1813161 428881 246301 34954434 31341002 1630809 5216566 1617275 384231 246478 35940393 0.14400 0.81440 0.04160 1 0 1705416 2165463 3870879 77919878 26755749 51164129 7115175 6342252 772923 6420032 4805911 1614121 57422052 Held in Trust 40440708 F 40440708 Annuities Payable 933761 933761 X 33599232 711033 -265973 445060 33154172 -17401 -17401 33136771 34346532 17401 17401 34329131 193068 193068 34522199 Part IV, Line 2b: University of Jamestown chartered clubs, student academic associations, and approved faculty and staff associations have established agency accounts. Part V, Line 4: Endowment Funds are to be invested according to the Board approved Investment Policy Statement. Distributions from the fund are also made according the Investment Policy Statement and used for the purposes set by the donors, including items such as scholarships, facility maintenance and programs. Part X, Line 2: The University is a nonprofit organization that is exempt from federal income tax under Interal Revenue Code Section 501(c)(3). The University has adopted provisions of FASB Accounting Standards Codification Topic ASC 740-10. As of June 30, 2018, the unrecognized tax benefit accrual was zero. The University will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. Part XI, Line 2d - Other Adjustments: Unrecognized Actuarial Losses -150,334. Increase in Cash Surrender Value -1,744. Trustee Fees -193,068. Change in Value of Split Interest Agreements 79,173. Part XI, Line 4b - Other Adjustments: Special Events -17,401. Part XII, Line 2d - Other Adjustments: Special Events 17,401. Part XII, Line 4b - Other Adjustments: Trustee Fees 193,068. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 University of Jamestown employs direct mail in the solicitation for students. Written communications used in the solicitation process include a statement of the University of Jamestown nondiscriminatory policy. Further, written communications used in the application process include the statement of our nondiscriminatory policy. Schedule E, Part I, Line 6 University of Jamestown receives federal funding. The major program was the Student Financial Aid cluster consisting of: Federal Pell Grant Program, Federal Work Study Program, FSEOG Program, Perkins Loan Program, Federal Direct Student Loan Program, and Parents Loans for Undergraduate Students Loan Program. Sub-Saharan Africa - Angola 0 4 Program Service Instructional 63600 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 2 Program Service Instructional 44400 0 6 0 0 0 6 108000 0 108000 0 0 0 0 0 0 Part I, line 3: The accrual method of accounting is used to account for expenditures. Substantiation is required for payments of all expenses. Dine & Bid 126511 88285 38226 4050 937 7360 27431 15240 Jimmie Scramble 40148 3900 36248 36857 166659 92185 74474 4050 937 7360 27431 52097 91875 -17401 1 Merit Scholarships 788 4840812 Athletic Scholarships 568 2258466 Tuition Waivers 53 489854 Fine Art Scholarships 75 190999 Other Scholarships 920 2718164 Part I, Line 2: Scholarships are awarded to students based upon criteria such as need, area of study, grade point average, among others, as established by scholarship documents and donor restrictions. Scholarships are applied to the students' accounts to help cover the costs of tuition, room, and board. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Robert Badal President through February 243117 0 0 0 0 0 12156 0 8330 0 263603 0 0 0 Polly Peterson - Executive VP (July-Feb)/President (March-June) 145549 0 0 0 0 0 7277 0 7125 0 159951 0 0 0 Part I, Line 1a The President receives a housing allowance which is properly reported as taxable income on the W-2. A City of Jamestown 456002099 2007-07-10 2040000 Addition to Larson Center 0 0 0 B City of Medina 456002770 2014-08-15 6500000 Student Housing Renovation & Retirement of Debt Issued 7/24/2008 0 0 0 C City of Jamestown 456002099 2015-07-23 1820000 Purchase building to house Fargo programs of study 0 0 0 D Stutsman County North Dakota 456002244 2016-11-14 8000000 Construction of Sports Arena 0 0 0 A 580000 2040000 30500 2009500 2008 0 0 1 1 B 886668 6500000 37680 5973494 488826 2014 1 0 1 1 C 469944 1820000 23420 1796580 2015 0 0 1 1 D 650000 8000000 25000 7975000 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 Wells Fargo Bank 20.000000000000 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part II, Line 1: The amounts on line 1 represent the amount of principal reduction of the underlying note payable to the financial institution rather than actual retirement of bonds in the issue. 4 Scholarships Family Member of Trustee Scholarship Education - Financial Assistance X 8 116547 Hi-Lo Avg MV-Gift DT X 1 195000 Appraisal 1 0 1 1 Part I, Line 32b: Brokers are engaged to sell securities. Realtors are engaged to sell contributed property. Form 990, Part VI, Section A, line 1 Committees Acting on Behalf of Board: From time to time the Board of Trustees will authorize subcommittees of the board to act on their behalf. These committees are always composed of members of the governing body. The authority varies as granted by the board. Form 990, Part VI, Section A, line 2 Family Relationship: James Harty, Jr. (Trustee) and Robert Piatz (Trustee) have a family relationship Form 990, Part VI, Section B, line 11b Form 990 Review: A copy of the full Form 990 will be distributed to the full board for their review and comment prior to filing with the IRS. The full board has also delegated authority to review and approve the Form 990 to the Audit and Finance Committee, which is comprised of current board members. A final version of the full Form 990 is submitted to this committee for review and approval before filing with the IRS. Form 990, Part VI, Section B, line 12c It is the policy of University of Jamestown that no Trustee or committee member, or their family members, should derive any personal profit or gain, directly of indirectly, by reason of his or her association with University of Jamestown. Each shall disclose to the Board any personal interest which he or she, or any family member may have in any matter pending before the Board or Board Committee. Any Trustee who is uncertain about a possible conflict of interest in any matter may request the Executive Committee for an advance determination whether a conflict of interest exists. Disclosure statements shall be submitted annually to the Chair of the Board of Trustees, who with the President shall be responsible for the administration of the policy. A Trustee, Board Committee member or officer who has declared or been found to have a conflict of interest in any proposed action or matter shall refrain from participating in consideration except to provide information as requested by a Trustee. He or she shall not vote on the matter and, if so requested by the Chair or any Trustee, shall not be present at the time of discussion and/or vote. Form 990, Part VI, Section B, line 15 Compensation Process: Annually, the Independent Personnel Committee reviews compensation and submits recommended changes to the full Board for approval. The committee uses various peer and industry surveys for comparability data, including College and University Professionals Association Human Resources information. The recommended changes and approval are documented in the board meeting minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: (Increase) Decrease in CSV -1,744. Actuarial Gain (Loss) on Annuity Obligations -150,334. Change in Swap Liability 75,834. Change in Value of Split Interest Agreements 79,173. Jamestown College Foundation 6088 College Lane Jamestown ND 58405 363447067 Fundraising ND 501(c)(3) Line 12a, I N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0