WARTBURG COLLEGE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- WARTBURG COLLEGE (EIN 42-0680351)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2017-04-17
- IRS object ID
- 201701079349301350
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-04-17T14:44:27-05:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Tilly Virchow Krause LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 E Wisconsin Avenue 32nd Floor | AddressLine1Txt |
| City | Milwaukee | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680351 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wartburg College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WART | BusinessNameControlTxt |
| Phone | 3193528411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Wartburg Blvd | AddressLine1Txt |
| City | Waverly | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50677 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Richard Seggerman | PersonNm |
| Person Title | VP Finance & Administration | PersonTitleTxt |
| Phone | 3193528411 | PhoneNum |
| Signature | 2017-04-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Troy Marine CPA | PreparerPersonNm |
| PTIN | P00187863 | PTIN |
| Phone | 4147775500 | PhoneNum |
| Preparation | 2017-04-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Darrel D Colson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Wartburg Blvd | AddressLine1Txt |
| City | Waverly | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50677 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $85,464,870 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WARTBURG.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1852 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 2025 | TotalEmployeeCnt |
| Total Volunteers | 500 | TotalVolunteersCnt |
| Total Gross UBI | $289,519 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$7,627 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,914,148 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,455,762 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $72,540,806 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $68,965,950 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,896,271 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,333,715 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,989,303 | PYOtherRevenueAmt |
| CY Other Revenue | $2,005,675 | CYOtherRevenueAmt |
| PY Total Revenue | $94,340,528 | PYTotalRevenueAmt |
| CY Total Revenue | $82,761,102 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $29,328,937 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $28,718,957 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $28,586,959 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $28,710,343 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,823,058 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $25,499,017 | PYOtherExpensesAmt |
| CY Other Expenses | $23,608,903 | CYOtherExpensesAmt |
| PY Total Expenses | $83,414,913 | PYTotalExpensesAmt |
| CY Total Expenses | $81,038,203 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,925,615 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,722,899 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $209,756,550 | TotalAssetsBOYAmt |
| Total Assets EOY | $206,304,724 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $98,576,687 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $98,784,344 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $111,179,863 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $107,520,380 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Undergraduate higher education that challenges and nurtures students for lives of leadership and service as a spirited expression of their faith and learning. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $46,159,348 | ExpenseAmt |
| Grant | $28,718,957 | GrantAmt |
| Revenue | $53,824,492 | RevenueAmt |
| Desc | Instruction of students enrolled and the related academic support; 1,503 and 1,419 full-time equivalent students enrolled for the fall 2015 and winter 2016 terms respectively. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,400,978 | ExpenseAmt |
| Revenue | $14,265,085 | RevenueAmt |
| Desc | Auxiliary enterprises supports students living and eating on campus as well as providing books. There were 1,258 and 1,159 students living on campus for the fall 2015 and winter 2016 terms, respectively. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,495,938 | ExpenseAmt |
| Revenue | $2,357,052 | RevenueAmt |
| Desc | All other program related services | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $67,056,264 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2057 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2025 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tracy Rucker | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3193528238 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WARTBURG BLVD | AddressLine1Txt |
| City | WAVERLY | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 506772215 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Ahsan Khan Chowdhury | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Amy Kilgus Chamley | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Andrea Westmeyer | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Barbara Gamez Sims | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Dr Gil Wessel | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Dr Grady Ballenger | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Dr Hans-Peter Brodhun | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Dr Marilyn Flachman | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Ed Engelbrecht | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Fred Hagemann | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Gary Hoover | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Gunter Schuchardt | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Jack Salzwedel | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Janet Felberg | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Jim Loveridge | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Kirk Kinnear | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Liz Mathis | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Mark Hanawalt | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Mike McCoy | |||||||
| Regent, Chairman - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Rachel Riensche | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Ray McCaskey | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Reverend Dr Stephen Bouman | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Reverend James Arends | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Reverend Dr Sherman Hicks | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Reverend Dr Steven Ullestad | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Ruth Bahe-Jachna | |||||||
| Regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Sara Tomson-Hooper | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Sharon Corrigan | |||||||
| Regent, Vice Chair - Board | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Tom Buchheim | |||||||
| regent | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| Darrel Colson | |||||||
| President | 40.00 | Yes (X) | $250,322 | $0 | $36,869 | Yes (X) | |
| Brian Ernsting | |||||||
| Vice-President | 40.00 | $141,327 | $0 | $22,565 | Yes (X) | ||
| Daniel Kittle | |||||||
| vice-President | 40.00 | $96,026 | $0 | $21,410 | Yes (X) | ||
| Edith Waldstein | |||||||
| Vice-President | 40.00 | $126,480 | $0 | $28,886 | Yes (X) | ||
| Graham Garner | |||||||
| Vice-President | 40.00 | $100,449 | $0 | $28,557 | Yes (X) | ||
| Richard Seggerman | |||||||
| Vice-President | 40.00 | $118,694 | $0 | $32,879 | Yes (X) | ||
| Scott Leisinger | |||||||
| Vice-President | 40.00 | $124,901 | $0 | $25,243 | Yes (X) | ||
| Fred Waldstein | |||||||
| Professor of Political Science, Burling Chair in L | 40.00 | $105,576 | $0 | $7,942 | Yes (X) | ||
| Gary Wipperman | |||||||
| Assistant Vice-President for Information Technolog | 40.00 | $101,144 | $0 | $25,787 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,164,919 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $230,138 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Amperage Marketing | |||||
| 6711 Chancellor Dr | Cedar Falls | IA | 50613 | Marketing Consultant | $508,390 |
| Peters Construction Corporation | |||||
| 901 Black Hawk Rd | Waterloo | IA | 50704 | Construction Contractor | $392,585 |
| Credo Design Architects LLC | |||||
| 940 Golf house road w 200 | Whitsett | NC | 27377 | Architectural Services | $380,185 |
| Royall & Company | |||||
| 1920 e parham road | Richmond | VA | 23228 | Student Marketing Services | $373,841 |
| FBG Service Corporation | |||||
| 407 S 27th Ave | Omaha | NE | 68131 | Cleaning Services | $237,987 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $358,265 | GovernmentGrantsAmt |
| All Other Contributions | $8,097,497 | AllOtherContributionsAmt |
| Noncash Contributions | $2,614,526 | NoncashContributionsAmt |
| Total Contributions | $8,455,762 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 611310 | $53,824,492 | $53,824,492 | |
| Auxiliary Enterprises | 611710 | $14,546,733 | $14,265,085 | $281,648 |
| Other program related | 541900 | $572,574 | $572,574 | |
| Copy Center | 561439 | $22,151 | $22,151 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $68,965,950 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,838,453 | TotalRevenueColumnAmt |
| Exclusion | $1,838,453 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,148 | TotalRevenueColumnAmt |
| Exclusion | $204,148 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $128,814 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $76,526 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $52,288 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,288 | TotalRevenueColumnAmt |
| Exclusion | $52,288 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,918,356 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,627,242 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,291,114 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,291,114 | TotalRevenueColumnAmt |
| Exclusion | $1,291,114 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| Campus Group | 541900 | $1,945,516 | $1,762,327 | $183,189 | |
| Student Center Income | 561439 | $7,871 | $7,871 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,953,387 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,761,102 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $70,446,629 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $289,519 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,569,192 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,718,957 | TotalAmt |
| Program Services | $28,718,957 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,150,642 | TotalAmt |
| Program Services | $302,311 | ProgramServicesAmt |
| Management And General | $646,125 | ManagementAndGeneralAmt |
| Fundraising | $202,206 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,787,731 | TotalAmt |
| Program Services | $16,684,144 | ProgramServicesAmt |
| Management And General | $1,447,123 | ManagementAndGeneralAmt |
| Fundraising | $656,464 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,240,213 | TotalAmt |
| Program Services | $1,094,876 | ProgramServicesAmt |
| Management And General | $95,527 | ManagementAndGeneralAmt |
| Fundraising | $49,810 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,205,726 | TotalAmt |
| Program Services | $5,461,305 | ProgramServicesAmt |
| Management And General | $477,996 | ManagementAndGeneralAmt |
| Fundraising | $266,425 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,326,031 | TotalAmt |
| Program Services | $1,166,157 | ProgramServicesAmt |
| Management And General | $102,137 | ManagementAndGeneralAmt |
| Fundraising | $57,737 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,928 | TotalAmt |
| Management And General | $48,928 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,330 | TotalAmt |
| Management And General | $69,835 | ManagementAndGeneralAmt |
| Fundraising | $495 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,000 | TotalAmt |
| Management And General | $580,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $740,675 | TotalAmt |
| Program Services | $624,736 | ProgramServicesAmt |
| Management And General | $57,050 | ManagementAndGeneralAmt |
| Fundraising | $58,889 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $486,490 | TotalAmt |
| Program Services | $448,931 | ProgramServicesAmt |
| Management And General | $37,472 | ManagementAndGeneralAmt |
| Fundraising | $87 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,419,150 | TotalAmt |
| Program Services | $1,156,061 | ProgramServicesAmt |
| Management And General | $109,310 | ManagementAndGeneralAmt |
| Fundraising | $153,779 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $848,397 | TotalAmt |
| Program Services | $509,038 | ProgramServicesAmt |
| Management And General | $339,359 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,763,989 | TotalAmt |
| Program Services | $1,628,018 | ProgramServicesAmt |
| Management And General | $135,871 | ManagementAndGeneralAmt |
| Fundraising | $100 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,269,348 | TotalAmt |
| Program Services | $1,020,709 | ProgramServicesAmt |
| Management And General | $97,771 | ManagementAndGeneralAmt |
| Fundraising | $150,868 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,030 | TotalAmt |
| Program Services | $9,257 | ProgramServicesAmt |
| Management And General | $773 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,886,927 | TotalAmt |
| Management And General | $3,886,927 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,691,223 | TotalAmt |
| Management And General | $3,691,223 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,061 | TotalAmt |
| Program Services | $391,826 | ProgramServicesAmt |
| Management And General | $32,740 | ManagementAndGeneralAmt |
| Fundraising | $495 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food Purchases & Bookst | $2,837,870 | $2,837,870 | ||
| Campus Groups & May Ter | $1,600,409 | $1,600,409 | ||
| Service Agreements | $1,371,438 | $1,139,998 | $105,635 | $125,805 |
| All other expenses | $1,241,761 | $1,064,536 | $95,647 | $81,578 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,316,877 | TotalAmt |
| Program Services | $1,197,125 | ProgramServicesAmt |
| Management And General | $101,432 | ManagementAndGeneralAmt |
| Fundraising | $18,320 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,038,203 | TotalAmt |
| Program Services | $67,056,264 | ProgramServicesAmt |
| Management And General | $12,158,881 | ManagementAndGeneralAmt |
| Fundraising | $1,823,058 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,024,966 | BOYAmt |
| EOY | $11,600,999 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,100,000 | BOYAmt |
| EOY | $5,600,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,154 | BOYAmt |
| EOY | $1,890,404 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,363,376 | BOYAmt |
| EOY | $2,903,524 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $611,155 | BOYAmt |
| EOY | $837,436 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $995,267 | BOYAmt |
| EOY | $924,385 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $142,782,830 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $46,353,239 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,967,306 | BOYAmt |
| EOY | $96,429,591 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,975,267 | BOYAmt |
| EOY | $62,090,426 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,463,742 | BOYAmt |
| EOY | $15,163,608 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,158,317 | BOYAmt |
| EOY | $8,864,351 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,756,550 | BOYAmt |
| EOY | $206,304,724 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,447,603 | BOYAmt |
| EOY | $8,606,188 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,014,564 | BOYAmt |
| EOY | $3,014,633 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,950 | BOYAmt |
| EOY | $285,542 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,632,694 | BOYAmt |
| EOY | $82,810,465 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,355,876 | BOYAmt |
| EOY | $4,067,516 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,576,687 | BOYAmt |
| EOY | $98,784,344 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,284,901 | BOYAmt |
| EOY | $30,878,689 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,946,646 | BOYAmt |
| EOY | $24,449,534 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,948,316 | BOYAmt |
| EOY | $52,192,157 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,179,863 | BOYAmt |
| EOY | $107,520,380 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,756,550 | BOYAmt |
| EOY | $206,304,724 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,722,899 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,382,382 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $4,808 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $4,808 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1: | FormAndLineReferenceDesc |
| Explanation | The College pays membership dues to various organizations, some portion of which may be used for lobbying in connection with issues that impact higher education. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $74,150 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $66,629,633 | BeginningYearBalanceAmt |
| Contributions | $2,804,725 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,463,898 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,086,658 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,037,565 | OtherExpendituresAmt |
| End Year Balance | $63,846,237 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $59,101,559 | BeginningYearBalanceAmt |
| Contributions | $7,534,139 | ContributionsAmt |
| Investment Earnings Or Losses | $2,541,856 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $889,254 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,429,258 | OtherExpendituresAmt |
| Administrative Expenses | $229,409 | AdministrativeExpensesAmt |
| End Year Balance | $66,629,633 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,287,753 | BeginningYearBalanceAmt |
| Contributions | $2,540,203 | ContributionsAmt |
| Investment Earnings Or Losses | $5,425,628 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $780,234 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,371,791 | OtherExpendituresAmt |
| End Year Balance | $59,101,559 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,679,819 | BeginningYearBalanceAmt |
| Contributions | $2,445,139 | ContributionsAmt |
| Investment Earnings Or Losses | $7,150,663 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $714,057 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,273,811 | OtherExpendituresAmt |
| End Year Balance | $53,287,753 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,190,421 | BeginningYearBalanceAmt |
| Contributions | $1,808,279 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,476,472 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $649,266 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,193,143 | OtherExpendituresAmt |
| End Year Balance | $45,679,819 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.78000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $16,300 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,601,600 | OtherCostOrOtherBasisAmt |
| Book Value | $3,617,900 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $121,721,192 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,657,802 | DepreciationAmt |
| Book Value | $82,063,390 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,994,125 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,561,225 | DepreciationAmt |
| Book Value | $3,432,900 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,449,613 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,134,212 | DepreciationAmt |
| Book Value | $7,315,401 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $96,429,591 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CSV - Life Insurance | $2,551,655 | F |
| Fund of Hedge Funds | $12,611,953 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $15,163,608 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Student Deposits | $722,903 |
| Annuities Payable | $2,582,599 |
| Deposits Held In Custody | $171,014 |
| Asset Retirement Obligation | $591,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,067,516 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $48,305,995 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$5,382,382 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$5,382,382 | RevenueNotReportedAmt |
| Revenue Subtotal | $53,688,377 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $580,000 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $28,492,725 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $29,072,725 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $82,761,102 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $51,965,478 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $226,232 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $226,232 | ExpensesNotReportedAmt |
| Expenses Subtotal | $51,739,246 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $580,000 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $28,718,957 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $29,298,957 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $81,038,203 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | The college does not have a significant art collection. The items that are held are used for educational purposes in various courses and for the benefit of the general public. |
| Part V, Line 4: | The college's endowment funds are used to support the educational and other support services provided to the student body. |
| Part X, Line 2: | The College follows the accounting standards for contingencies in evaluating uncertain tax positions. The 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 College for uncertain tax positions as of May 31, 2016 and 2015. The College's tax returns are subject to review and examination by federal and state authorities. |
| Part XI, Line 4b - Other Adjustments: | Actuarial Adjustments - Loss -149,706. Rental Expenses -76,526. Financial Aid 28,718,957. |
| Part XII, Line 2d - Other Adjustments: | Actuarial Adjustments - Loss 149,706. Rental Expenses 76,526. |
| Part XII, Line 4b - Other Adjustments: | Financial aid 28,718,957. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The college follows a nondiscriminatory policy regarding all programs. Enrollment of students is without discrimination as to race, sex, color, sexual orientation, handicap, or national origin and is published in the college's catalog, and the college's website. Recruitment procedures are designed and carried out to reach all racial segments in the geographical area served by the college. |
| Schedule E, Part I, Line 6 | The college receives financial assistance from the U.S. Government in connection with various programs such as the Pell Grant Program, Teacher Education Assistance for College and Higher Education Grant Program, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Workstudy Program and Federal Perkins Loan program. The college also receives support from the State of Iowa through their tuition grant program and other related state programs. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | See Part V | $54,546 |
| East Asia & Pacific | 0 | 0 | Program Services | See Part V | $79,018 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | See Part V | $100,533 |
| North America (Including Canada and Mexico but not the United States) | 0 | 0 | Program Services | See Part V | $6,642 |
| Sub-Saharan Africa | 0 | 0 | Program Services | See Part V | $5,648 |
| Russia and Neighboring States | 0 | 0 | Program Services | See part V | $8,957 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $255,344 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $255,344 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 - Column (e): | FormAndLineReferenceDesc |
| Explanation | Line 1 - Instruction Line 2 - Instruction and Student Services Line 3 - Institutional Support, Instruction and Student Services Line 4 - Institutional Support, Instruction and Student Services Line 5 - Instruction and Student Services Line 6 - Instruction and Student Services | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Institutional scholarships and grants | 1419 | $1,489,472 | $27,073,740 | Tuition discounting | Institutional Scholarships and grants are used as a direct reduction of the tuition that each full-time student is required to pay. |
| Supplemental Education Opportunity Grant | 342 | $155,745 | Fair Market Value | Supplemental Education Opportunity Grant (SEOG) is a federal grant that is awarded by the College to qualified students in order to reduce the cost the student must pay for their education. |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The college provides grants and scholarships to its full-time, degree seeking students, by crediting such amounts directly to their student accounts, to be only used as an offset for tuition. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Darrel Colson | ||||||||||||||
| President | $222,657 | $0 | $0 | $0 | $27,665 | $0 | $18,440 | $0 | $18,429 | $0 | $287,191 | $0 | $0 | $0 |
| Brian Ernsting | ||||||||||||||
| Vice-President | $138,504 | $0 | $0 | $0 | $2,823 | $0 | $11,240 | $0 | $11,325 | $0 | $163,892 | $0 | $0 | $0 |
| Edith Waldstein | ||||||||||||||
| Vice-President | $122,857 | $0 | $0 | $0 | $3,623 | $0 | $10,456 | $0 | $18,430 | $0 | $155,366 | $0 | $0 | $0 |
| Richard Seggerman | ||||||||||||||
| Vice-President | $116,978 | $0 | $0 | $0 | $1,716 | $0 | $9,911 | $0 | $22,968 | $0 | $151,573 | $0 | $0 | $0 |
| Scott Leisinger | ||||||||||||||
| Vice-President | $122,393 | $0 | $0 | $0 | $2,508 | $0 | $10,198 | $0 | $15,045 | $0 | $150,144 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | AS A CONDITION OF EMPLOYMENT, PRESIDENT COLSON IS REQUIRED TO OCCUPY AND USE THE PRESIDENT'S HOME AT THE COLLEGE, IN THE PERFORMANCE OF HIS DUTIES. THE COLLEGE PAYS FOR MAINTENANCE AND UPKEEP OF THE HOME. MAJOR REPAIRS, RENOVATIONS, OR PHYSICAL IMPROVEMENTS ARE SUBJECT TO BOARD APPROVAL BEFORE THEY ARE UNDERTAKEN. PRESIDENT COLSON IS RESPONSIBLE FOR INSURING ANY PERSONAL PROPERTY OWNED BY HIM OR HIS FAMILY THAT IS LOCATED IN THE HOME. PART I, LINE 1A: PRESIDENT COLSON AND THE PRESIDENT'S CABINET ARE GRANTED MEMBERSHIP TO THE COLLEGE'S WELLNESS CENTER AT NO COST, THE SAME ARRANGEMENT AVAILABLE TO ALL EMPLOYEES OF THE COLLEGE. THE VALUE OF THE MEMBERSHIP IS $600 PER YEAR, AND IS A TAXABLE FRINGE BENEFIT. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Iowa Higher Education Loan Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 421235696 | BondIssuerEIN |
| CUSIP | 4624603P9 | CUSIPNum |
| Bond Issued | 2015-03-24 | BondIssuedDt |
| Issue Price | $85,845,606 | IssuePriceAmt |
| Purpose | See Part VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,455,000 | RetiredAmt |
| Total Proceeds | $85,845,606 | TotalProceedsAmt |
| In Reserve Fund | $6,481,147 | InReserveFundAmt |
| Issuance Costs From Proceeds | $1,715,989 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $2,024 | WorkingCapitalExpendituresAmt |
| Other Spent Proceeds | $84,084,286 | OtherSpentProceedsAmt |
| Substantial Completion | 2008 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (1) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.02120 | PrivateBusUseByOthersPct |
| Total Private Business Use | 0.02120 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part 1, Column F - Line A: | REFUND PRIOR ISSUES (12/29/05 - BOTH) |
| Schedule K, Part II, Line 3: | The total proceeds do not equal the summation of lines 4-12 due to transferred or replacement proceeds in line 4. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| Disclosure Subject to | |||
| FERPA Laws | $13,750 | Merit Scholarships | Student Financial Aid |
| disclosure Subject to | |||
| fERPA Laws | $35,460 | Tuition Remission | Student Financial Aid |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Fred Waldstein | |||
| Family member of Edith Waldstein, Vice President of Enrollment Management | $99,277 | Employed as faculty; professor of political science. Reports to the Vice President for Academic Affairs. Family member Edith Waldstein, Vice President for Enrollment Management, has no control over faculty compensation or governance. | 0 |
| Amperage Marketing | |||
| Partial Owner is a family member of Liz Mathis, Regent | $398,565 | Marketing and Advertising services provided in the ordinary course of business. Fees charged are normal and reasonable for the services provided. Liz Mathis has no control over Amperage Marketing. | 0 |
| Christy Colson | |||
| Family member of Darrel Colson, President | $11,250 | Employed as Wartburg Ambassador. Reports to the Board of Regents and compensation is set by the Board of Regents. Family member Darrel Colson, President of the College, is a voting member of the Board of Regents BUT DOES NOT PARTICIPATE IN OR HAVE ANY CONTROL OVER DECISION-MAKING REGARDING CHRISTY COLSON'S EMPLOYMENT RELATIONSHIP WITH THE COLLEGE (E.G., DOES NOT VOTE OR OTHERWISE PARTICIPATE IN ASSIGNING DUTIES, EVALUATING PERFORMANCE OR ESTABLISHING COMPENSATION FOR CHRISTY COLSON). | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 30 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,614,526 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Avg Hi/Low Date of Gift | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 32 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The College provides preliminary tax return information via selected workpapers and a specialized template to the Audit Firm. The Audit Firm then uses specialized proprietary 990 tax form software to perform diagnostics and prepare a draft of the form 990 based on information provided to them and their knowledge of how to complete the 990. After receiving the draft form 990 from the Audit Firm, personnel from the Business Office review the draft, reconciling information back to supporting work papers where possible and reviewing other information for completeness, accuracy, consistency, and reasonableness. Next, the President's Cabinet and the Board's Audit Committee members review the draft of the form 990 for completeness, accuracy, consistency, and reasonableness. Feedback from all review is forwarded to the Audit Firm, and the form 990 is updated accordingly. A copy of the form 990 (with donor names removed) is posted to the secure, confidential Board of Regents web site, and an email is sent to all Board members notifying them that the 990 is available for review. Feedback provided from the Board members is reviewed and discussed with individual Board members as necessary and appropriate. All feedback that requires a significant change to the form 990 is provided in a summary fashion to all Board members, to allow additional feedback or comments. The final approved feedback is given to the Audit Firm to incorporate in the final Form 990. The Board receives the final Form 990 prior to it being filed. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy is reviewed, updated, and approved annually by the board. Board members and key employees are reminded of their responsibility to follow the conflict of interest policy. Business office personnel are familiar with the vendors used by the college and would follow the conflict of interest policy if there were any potential transactions that would fall within the scope of that policy. |
| Form 990, Part VI, Section B, line 15a | The board of regents establishes compensation for the president initially and annually, applying all elements noted in this line's query. The comparator group is limited to liberal arts colleges with comparable enrollments, including other ELCA related colleges. The President establishes compensation for the President's Cabinet initially and annually, applying all elements noted in this line's query. The comparator group is limited to liberal arts colleges with comparable enrollments, including other ELCA-related colleges. |
| Form 990, Part VI, Section C, line 19 | The governing documents, conflict of interest policy, and financial statements are not made available to the public. |
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