2018-05-01T15:01:05-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2016-07-01 420680372 Upper Iowa University UPPE 5634255384 PO Box 1857 Fayette IA 52142 Murtuza Siddiqui VP and CFO 5634255384 2018-04-20 1 Lawrence H Mohr CPA P00447603 6128764500 38.88.188.75 2018-04-20 10:34:37 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2519A5C6D4FE43330A9B665C55E2C286A0409372 2016 2021-01-29 14:40:06Z William Duffy PO Box 1857 Fayette IA 52142 58211012 0 X www.uiu.edu X 1857 IA UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES. 18 16 1771 20 26178 -10944 3204992 1897577 69136566 67355606 469994 427651 693669 -13087016 73505221 56593818 16883331 15725814 0 0 30343728 31471580 0 56525 841249 25749869 22544466 72976928 69798385 528293 -13204567 135359400 126047403 77520342 79344450 57839058 46702953 UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES. 0 0 55320325 15725814 62520445 EDUCATIONAL, INSTRUCTIONAL AND SUPPORT SERVICES TO AN APPROXIMATED STUDENT ENROLLMENT OF 5,447 STUDENTS FOR THE 2016-2017 FISCAL YEAR. 6138382 5348685 AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS. 61458707 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 112 0 1771 1 1 1 1 HK MY VM 0 0 0 1 1 0 0 0 0 X 18 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 IL X UPPER IOWA UNIVERSITY ATTN Murtuza Siddiqui CFO 5634255384 605 WASHINGTON STREET PO BOX 1857 FAYETTE IA 52142 Dennis Murdock Board Chair 2.00 X X 0 0 0 Steve Harms Vice Chair 2.00 X X 0 0 0 RICHARD ANDRES Secretary 2.00 X X 0 0 0 John Falb Treasurer 2.00 X X 0 0 0 Nancy Betz Trustee 2.00 X 0 0 0 Bruce Campbell Trustee 2.00 X 0 0 0 Mary Cheddie Trustee 2.00 X 0 0 0 Peter Clemens Trustee 2.00 X 0 0 0 Bill Cook Trustee 2.00 X 0 0 0 Josem Diaz Trustee 2.00 X 0 0 0 Mike Eischied Trustee 2.00 X 0 0 0 Betty Davis Firth Trustee/adjunct instructor 2.00 X 4363 0 0 Robert Firth Trustee/adjunct instructor 2.00 X 3634 0 0 Darrel Lang Trustee 2.00 X 0 0 0 Margaret Lawson Trustee 2.00 X 0 0 0 Scott Lebin Trustee 2.00 X 0 0 0 Michele Matt Trustee 2.00 X 0 0 0 Bernard Pattison Trustee 2.00 X 0 0 0 Mike Prochaska Trustee 2.00 X 0 0 0 Neil Wilkinson Trustee 2.00 X 0 0 0 William Duffy President 80.00 X 257442 0 22280 Murtuz Siddiqui CFO starting 1/23/17 70.00 X 0 0 0 Leslie Anderson CFO through 8/9/16 75.00 X 100083 0 17320 Kurt Wood Provost 70.00 X 169359 0 11055 Janet Shepherd Associate Provost 60.00 X 125147 0 2108 Andrew Wenthe VP of External Affairs 60.00 X 130603 0 10680 Ismael Betancourt VP for International 60.00 X 129824 0 13884 Kathy Franken VP for Enrollment 70.00 X 123204 0 17227 David Miller Director of Athletics 60.00 X 133240 0 22367 1176899 0 116921 12 0 1 0 Aramark Services Inc 27310 Network Place Chicago IL 60673 Food Service 2063709 FHEG Peacock Connection Store No 308 MA 20126 3146 Soluti Chicago IL 60677 Follet Charges/Book Charges 1185841 Register Media 400 Locust Street Ste 500 Des Moines IA 50309 Advertising 742647 Bucket Media 320 SE Delaware Ave Ste 2 Ankeny IA 50021 Advertising 559587 fairpark business center llc 6737 w washington street ste 2220 milwaukee WI 53214 installment payments for lease/purchase 506573 38 30985 253893 1612699 1897577 Tuition and Fees 611600 62018061 62018061 Auxiliary Services 611710 5337545 5337545 67355606 352423 352423 110136 26019 84117 84117 84117 1638284 1563056 75228 75228 75228 276977 30985 28119 248858 248858 Print Shop 900099 210492 208780 1712 Insurance Proceeds 611710 153373 153373 business office 611710 118487 118487 -13902343 186257 24466 -14113066 -13419991 56593818 67869130 26178 -13199067 15725814 15725814 1483027 1016900 400245 65882 24346142 20665434 3301621 379087 5642411 4553899 1005113 83399 251162 251162 429368 429368 249518 249518 56525 56525 54081 54081 1983899 859506 1082304 42089 3448939 3357953 90986 4480573 3565141 874065 41367 1639390 1639390 3119615 3119615 1391853 1221046 88893 81914 227650 214429 13221 640273 640273 3106101 3106101 259110 259110 collection costs 993046 993046 Other expenses 269888 269888 69798385 61458707 7498429 841249 4829840 4233096 16897989 3639113 1483609 1136987 3587465 8405692 244358 199022 85715 86740 490559 477385 125642259 39597407 88321973 86044852 12864307 16535399 659713 700266 5893872 4588851 135359400 126047403 6203349 5534616 681818 545455 64613683 69950849 145139 248035 5876353 3065495 77520342 79344450 X 39263026 27776746 6641200 5958035 11934832 12968172 57839058 46702953 135359400 126047403 X -13204567 1691515 376947 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 145139 248035 1 X 14942276 660272 1704206 132064 17174690 11561590 3591327 48112 258753 14942276 11470545 163026 145029 217010 11561590 10199704 170254 1255467 154880 11470545 9301511 61691 1106651 270149 10199704 0.33210 0.48760 0.18030 1 0 3032284 3032284 99552196 23473215 76078981 8896436 5500307 3396129 11675125 9313409 2361716 2486218 1310476 1175742 86044852 Student Deposits and Deferred Tuition 1482637 Post Retirement benefit payable 854031 Federal Student Loan Funds 135425 lease payable 593402 3065495 X 42936522 1691515 431084 2122599 40813923 54081 15725814 15779895 56593818 54072627 54137 54137 54018490 54081 15725814 15779895 69798385 Part IV, Line 2b: Upper iowa university is a custodian of bank accounts for various student groups. Part V, Line 4: UIU spends the actual yield on our unrestricted endowment funds for operations and for the restricted purpose for all restricted endowment funds. The restricted endowment funds are primarily restricted for student scholarships, but also include small funds for equipment, professorships, library books, and athletics. Part X, Line 2: The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles 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. No liability has been recognized by the University for uncertain tax positions as of June 30, 2017 and 2016. The University's tax returns are subject to review and examination by federal and state authorities. Part XI, Line 2d - Other Adjustments: Change in beneficial interest in trusts held by others 376,947. Direct Rental Expenses 26,019. Direct Fundraising Expenses 28,118. Part XI, Line 4b - Other Adjustments: Scholarships, Tuitions and Grants 15,725,814. Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses 28,118. Direct Rental Expenses 26,019. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS, TUITIONS AND GRANTS 15,725,814. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscrimination policies are available online at uiu.edu. Nondiscrimination policies are also published in the Student Handbook. During enrollment each year, students sign an agreement indicating their responsibility for reading and understanding the contents of the Handbook. Schedule E, Part I, Line 6 Financial aid was received from the government in the form of PELL Grants, Supplemental Educational Opportunity Grants (SEOG), College Work-Study (CWS) Programs, and other small government grants. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 investment 457521 East Asia and the Pacific 2 60 Investments 2436973 2 60 0 0 2 60 2894494 0 2894494 1 0 1 1 1 0 Part I, line 3: Accrual Part IV, Line 1: THE ORGANIZATION HOLDs DIRECT INTERESTS IN FOREIGN corporations. HOWEVER, THE ORGANIZATION DOES NOT MEET THE FILING REQUIREMENTS OF FORM 926 AS A RESULT. Part IV, Line 4: THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE ORGANIZATION TO FILE AN ADDITIONAL 8621. Part IV, Line 5: THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE ORGANIZATION DOES NOT MEET THE FILING REQUIREMENTS OF FORM 8865 AS A RESULT. X X X X X X X 1 McAllister & Quinn LLC 1030 15th St NW Ste 590 Washington DC 20005 See Line 2b, column (v) response 0 0 56525 0 56525 IA President's Ball 284010 20685 263325 11657 5931 peacock classic 23952 10300 13652 160 2616 4208 2825 722 307962 30985 276977 160 2616 4208 14482 6653 28119 248858 Schedule G, Part I, Line 2b, Column (v) THE PROFESSIONAL FUNDRAISER ASSISTS WITH THE COMPLETION OF GRANT APPLICATIONS. 1 Centers Assistance 1013 548944 Fayette 1000 13591561 Online 2424 1492782 Self Paced 288 92527 Part I, Line 2: STUDENT ENROLLMENT IS MONITORED ON A REGULAR BASIS. AFTER VERIFICATION OF ENROLLMENT EACH TERM, FEDERAL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' EDUCATIONAL COSTS PER FEDERAL REGULATIONS. STUDENT WITHDRAWALS ARE ALSO MONITORED AND GRANT FUNDS ARE ADJUSTED AND RETURNED AS NECESSARY. Expenses and income for other grants are tracked in accounts set up specifically for the grant. Each grant is assigned a project investigator that oversees the spending of the funds and ensures they are used as intended. X X X 1 1 X X X X 1 0 1 0 0 0 0 0 0 William Duffy President 253580 0 0 0 3862 0 2550 0 19730 0 279722 0 0 0 Kurt Wood Provost 153297 0 0 0 16062 0 1327 0 9728 0 180414 0 0 0 David Miller Director of Athletics 133240 0 0 0 0 0 1428 0 20939 0 155607 0 0 0 Part I, Line 1a The University pays for the President's residence and the related repairs. The President's contract provides for the University to pay his family's membership at Big Rock Country Club. Whereas there is an expectation that in the course of his duties, the President and/or his spouse are expected to attend certain professional functions, entertain guests of the university, and build and maintatin effective relationships with alumni, friends of the university, members of the community, and others. The University shall pay for all reasonable entertainment, travel, and similar costs incurred by the president and/or his spouse while acting on the University's behalf. The University provides exclusive unrestricted use at all times during employment with UIU an automobile for the Director of athletics. The University also pays for an annual family membership to Big Rock Country Club for the Director of athletics. The University also pays for a family membership to the Country Club for the Provost. Part I, Lines 4a-c Kurt Wood received $28,050 in severance pay for calendar year ending 12/31/17 and $56,100 for the months of January - April, 2017. Total severance in the fiscal year was $84,150. A Iowa Higher Education Loan Authority 421235696 4624604z6 2016-08-25 70940000 See Part VI 0 0 0 A 71259595 66038570 1025786 4219155 2012 0 1 1 1 A 0 0 1 1 0 0.01680 0.00000 0.01680 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 Iowa Higher Education Loan Authority - 08/25/2016 issue PART I, COLUMN (F), PURPOSE - PLACED IN AN ESCROW FUND TO BE USED TO ADVANCE REFUND THE UNIVERSITY'S IOWA HIGHER EDUCATION LOAN AUTHORITY'S PRIVATE COLLEGE FACILITY REVENUE AND REFUNDING BONDS (UPPER IOWA UNIVERSITY PROJECT) SERIES 2010 ORIGINALLY ISSUED ON JULY 8, 2010 AND THE IOWA HIGHER EDUCATION LOAN AUTHORITY'S PRIVATE COLLEGE FACILITY REVENUE BONDS (UPPER IOWA UNIVERSITY PROJECT) SERIES 2012 ORIGINALLY ISSUED ON FEBRUARY 12, 2013. Part II, Line 3: Investment earnings of $319,595 included on this line in addition to the issue price. Officers of the organization 13649 tuition assistance as a benefit of employment related to a trustee 18000 athletic and academic scholarships Form 990, Part VI, Section A, line 2 Trustees Robert Firth and Betty Davis Firth have a family relationship. Form 990, Part VI, Section B, line 11b The Controller and the Accountant assist in the preparation of the form 990 and supporting schedules. The CFO and Controller review the final draft of the Form 990 and supporting schedules. The board reviews the Form 990 before filing with the IRS. Form 990, Part VI, Section B, line 12c Trustees or Officers of Upper Iowa University will disclose to the Board any existing or potential conflicts of interest. With respect to specific transactions involving such an interest, the disclosure will be made at the earliest possible time and annually after that. Trustees or Officers will not vote on, nor participate in discussing, any matter in which they have a conflict of interest, except to provide information. Trustees or Officers who are uncertain about a possible conflict of interest may request that the Board of Trustees determine whether a conflict exists. THE GOVERNANCE COMMITTEE, ASSISTANT SECRETARY, AND ASSISTANT TREASURER OF THE BOARD OF TRUSTEES GATHERS AND REVIEWS THE ANNUAL DISCLOSURE FORMS AND DEALS WITH THE INFORMATION APPROPRIATELY AS NECESSARY. Form 990, Part VI, Section B, line 15a THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARATIVE COMPENSATION DATA FOR THE PRESIDENT AND DETERMINES WHAT ADJUSTMENTS WILL BE MADE TO THE PRESIDENT'S CONTRACT AND COMPENSATION BASED ON THAT DATA AND PERFORMANCE. THE PRESIDENT NEGOTIATES CONTRACTS AND SETS COMPENSATION FOR OTHER KEY EMPLOYEES. Form 990, Part VI, Section C, line 19 UIU'S WEBSITE HAS AN "ABOUT UIU" LINK THAT PROVIDES THE PUBLIC WITH INFORMATION REGARDING OUR MISSION, VISION, STRATEGIC PLAN, AND OTHER NEWS AND INFORMATIONAL ITEMS. UIU DOES NOT POST OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS ON OUR PUBLIC WEBSITE. Form 990, Part XI, line 9: Change in beneficial interest in trusts held by others 376,947. 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