2017-02-14T10:07:17-06:00 2016-06-30 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2015-07-01 420680372 Upper Iowa University UPPE 5634255225 PO Box 1857 Fayette IA 52142 randolph fehr VP and CFO 5634255225 2017-02-14 1 Lawrence H Mohr CPA P00447603 6128764500 2015 2021-01-29 14:40:06Z William Duffy PO Box 1857 Fayette IA 52142 73596430 0 X www.uiu.edu X 1856 IA UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES. 17 15 1801 15 31953 -24882 1677198 3204992 70932865 69136566 394652 469994 3268711 693669 76273426 73505221 17875566 16883331 0 0 30373272 30343728 0 0 799391 24879185 25749869 73128023 72976928 3145403 528293 136319704 135359400 78516466 77520342 57803238 57839058 UPPER IOWA UNIVERSITY PROVIDES QUALITY EDUCATIONAL OPPORTUNITIES ACCESSIBLE THROUGH VARIED DELIVERY METHODS TO INSPIRE SUCCESS AND EMPOWER LIVES. 0 0 57599111 16883331 63225977 EDUCATIONAL, INSTRUCTIONAL AND SUPPORT SERVICES TO AN APPROXIMATED STUDENT ENROLLMENT OF 5,859 STUDENTS FOR THE 2015-2016 FISCAL YEAR. 7324298 6267294 AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS. 64923409 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 64 0 1801 0 1 1 1 HK MY 0 0 0 1 1 0 0 0 0 X 17 15 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 randy fehr interim CFO 5634255225 605 WASHINGTON STREET PO BOX 1857 FAYETTE IA 52142 RICHARD ANDRES Trustee 2.00 X 0 0 0 Bruce Campbell 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 John Falb Trustee 2.00 X 0 0 0 Betty Davis Firth Trustee/adjunct instructor 2.00 X 8748 0 0 Robert Firth Trustee/adjunct instructor 2.00 X 180 0 0 Howard Fischer Trustee 2.00 X 0 0 0 Steve Harms Trustee 2.00 X 0 0 0 Dr Darrel Lang Trustee 2.00 X 0 0 0 Dr Margaret Lawson Trustee 2.00 X 0 0 0 Scott Lebin Trustee 2.00 X 0 0 0 Dr Harry Maue Trustee 2.00 X 0 0 0 Dennis Murdock Trustee 2.00 X 0 0 0 Bernard Pattison Trustee 2.00 X 0 0 0 Lowell Schwab Trustee 2.00 X 0 0 0 Barry Smith Trustee 2.00 X 0 0 0 william Duffy president 80.00 X 255874 0 13007 Leslie Anderson cfo 75.00 X 161312 0 25960 david miller director of athletics 60.00 X 146344 0 30635 andrew wenthe vp of external affairs 60.00 X 129822 0 10726 Christopher Kragnes assoc prof of business 60.00 X 137876 0 20061 kurt wood Provost 70.00 X 169038 0 10231 Janet Shepherd Associate Provost 60.00 X 123227 0 861 1132421 0 111481 13 0 1 0 Aramark Services Inc 27310 Network Place Chicago IL 60673 Food Service 2480932 FHEG Peacock Connection Store No 308 MA 20126 3146 Soluti Chicago IL 60677 Follet Charges/Book Charges 1223785 william C Knapp LC 500 westown pkwy ste 400 West Des Moines IA 50266 installment payments for lease/purchase 528174 fairpark business center llc 6737 w washington street ste 2220 milwaukee WI 53214 installment payments for lease/purchase 430823 ncs pearson inc 13036 collection center drive chicago IL 60693 maintenance/equipment 427569 30 12707 274377 2917908 70500 3204992 Tuition and Fees 611600 62869272 62869272 Auxiliary Services 611710 6267294 6267294 69136566 455093 455093 126176 23152 103024 103024 103024 56993 10 42102 0 14891 10 14901 14901 69612 12707 25955 43657 43657 Print Shop 900099 188289 187720 569 Insurance Proceeds 611710 118911 118911 Misc Income 611710 111610 111610 128178 57375 31384 39419 546988 73505221 69493271 31953 775005 16883331 16883331 1029624 396340 633284 23876594 20145806 3277121 453667 5437510 3636994 1698592 101924 220941 220941 449881 449881 295868 295868 187595 187595 2213536 1969521 222952 21063 2902725 2772133 130592 4562136 3859124 676430 26582 1128075 1128075 4267674 4267674 1368610 1303047 65563 309248 309248 3473972 3473972 3108087 3108087 278787 278787 Other expenses 973296 973296 collection costs 9438 9438 72976928 64923409 7254128 799391 7671579 4829840 12718694 16897989 2899461 1483609 4421641 3587465 312474 244358 96727 85715 94520 490559 124813278 36491305 90245014 88321973 10921981 12864307 627745 659713 6309868 5893872 136319704 135359400 5732038 6348488 818182 681818 65487724 64613683 6478522 5876353 78516466 77520342 X 39973226 39263026 6431929 6641200 11398083 11934832 57803238 57839058 136319704 135359400 X 528293 -143984 -348489 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11561590 3591327 48112 258753 14942276 11470545 163026 145029 217010 11561590 10199704 170254 1255467 154880 11470545 9301511 61691 1106651 270149 10199704 9177478 294564 -163240 7291 9301511 0.34200 0.51640 0.14160 1 0 2987284 2987284 98719503 21364350 77355153 8716508 5218021 3498487 11404287 8705540 2698747 2985696 1203394 1782302 88321973 Student Deposits and Deferred Tuition 4165546 Post Retirement benefit payable 959327 Federal Student Loan Funds 293332 lease payable 458148 5876353 X 56121724 -143984 -299382 -443366 56565090 56800 16883331 16940131 73505221 56085904 49107 49107 56036797 56800 16883331 16940131 72976928 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, 2016 and 2015. 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 -348,489. Direct Rental Expenses 23,152. Direct Fundraising Expenses 25,955. Part XI, Line 4b - Other Adjustments: Scholarships, Tuitions and Grants 16,883,331. gross car wash revenues Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses 25,955. Direct Rental Expenses 23,152. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS, TUITIONS AND GRANTS 16,883,331. Gross Car Wash Revenues 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 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. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 2 60 Program Services Operating Higher education Courses for the purpose of delivering Bachelor Degrees 2756328 Central America and the Caribbean 0 0 investments 416968 2 60 0 0 2 60 3173296 0 3173296 1 0 1 1 1 0 President's Ball 59685 5807 53878 11874 3068 peacock classic 22634 6900 15734 320 2356 4926 2723 688 82319 12707 69612 320 2356 4926 14597 3756 25955 43657 1 Centers Assistance 1023 529161 Online Assistance 1941 1505224 Self-Paced Assistance 222 63453 Fayette Assistance 1119 14785492 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. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 william Duffy president 252182 0 0 0 3692 0 0 0 13007 0 268881 0 0 0 Leslie Anderson cfo 161312 0 0 0 0 0 0 0 25960 0 187272 0 0 0 david miller director of athletics 146344 0 0 0 0 0 0 0 30635 0 176979 0 0 0 Christopher Kragnes assoc prof of business 137876 0 0 0 0 0 0 0 20061 0 157937 0 0 0 kurt wood Provost 168378 0 0 0 660 0 0 0 10231 0 179269 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 VP of athletics. The University also pays for an annual family membership to Big Rock Country Club for the VP of athletics. The University also pays for a family membership to the Country Club for the Provost. A Iowa Higher Education Loan Authority 421235696 462460L87 2010-07-08 44175651 See Part VI 0 0 0 B iowa higher educationloan authority 421235696 462460y26 2013-02-12 23204396 See Part VI 0 0 0 A 2223333 44176694 3272925 883513 23236450 16783804 2011 1 0 1 1 B 474020 23204398 1476250 1062390 451417 20214340 2012 0 0 1 1 A 0 0 1 1 0 0.01560 0.01560 1 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 Date Rebate Computation Performed Issuer Name: Iowa Higher Education Loan Authority Date the Rebate Computation was Performed: 02/03/2017 Iowa Higher Education Loan Authority - 07/08/2010 issue Part I, Column (f), Purpose - Construction of liberal arts building, student center, student housing; refunding the City of Fayette, Iowa Private College Facility Revenue Bonds (Upper Iowa University Project), Series 2009 originally issued on December 30, 2009; and refunding the City of Fayette, Iowa Private College Facility Revenue Bonds (Upper Iowa University Project), Series 2004 originally issued on June 25, 2004. Part II, Line 3, Total Proceeds of Issue - Amount includes investment proceeds of $1,043. Part II Line 11, Other spent proceeds - Amount represents the proceeds used to refund the Series 2004 and 2009 Bonds. Iowa Higher Education Loan Authority - 02/12/2013 issue Part I, Column (f), Purpose - Construction of student housing, design work for renovation of Science Building and miscellaneous improvements. Part II, Line 3, Total Proceeds of Issue - Amount includes investment proceeds of $2. MAPLE CREST BUILDINGS INC Principal owner of Maple Crest Buildings,Inc is a trustee of the University 61650 Building Lease with Maple Crest Buildings, Inc. 0 X land 1 70500 fmv 0 0 0 0 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 11 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 990 and supporting schedules. The board reviews the 990 before filing with the IRS. Form 990, Part VI, Section B, line 12c 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 -348,489. Form 990, Part XII, Line 2c The oversight and selection process for the audit of the financial statements did not change from the prior year. Upper Iowa University Real Estate Foundation LLC 605 washington street fayette IA 52142 education IA upper iowa university upper iowa university malaysia foundation No 9 Jalan Teknologi Taman Sains Petaling Jaya Selangor MY 47810 education MY upper iowa university 0 Upper Iowa University (HK) 3/F Max Share Bldg 373 Kings Road North Point HK Education HK Upper Iowa University C 1631984 262944 1.00000 1 UIU Malaysia Sdn BHD No 9 Jalan Teknologi Taman Sains Petaling Jaya Selangor MY 47810 Education MY Upper Iowa University C 681602 1317140 1.00000 1 Charitable Remainder Unitrust (1) Charitable Trust IA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0