2016-02-16T09:00:17-06:00 2015-06-30 990 2014-07-01 362166962 AUGUSTANA COLLEGE AUGU 3097947499 639 38TH STREET ROCK ISLAND IL 612012296 Kirk Anderson VP for Finance and Administration 2016-02-16 2014 2016-08-17 19:52:53Z STEVEN BAHLS 639 38TH STREET ROCK ISLAND IL 612012296 154896259 false X www.augustana.edu X 1860 IL Baccalaureate Level Instruction: Augustana College, rooted in the liberal arts and sciences and a Lutheran expression of the Christian faith, is committed to offering a challenging education that develops qualities of mind, spirit, and body necessary for a rewarding life of leadership and service in a diverse and changing world 37 36 2771 250 43120 -2394 9134859 18206794 108051579 109934145 7163396 6331451 1969525 684972 126319359 135157362 44447883 47744952 0 0 38582638 40787836 60000 74928 1749692 33181418 33136987 116271939 121744703 10047420 13412659 329397801 323161094 76583075 73707031 252814726 249454063 Augustana College, rooted in the liberal arts and sciences and a Lutheran expression of the Christian faith, is committed to offering a challenging education that develops qualities of mind, spirit, and body necessary for a rewarding life of leadership and service in a diverse and changing world. false false 74362113 47744952 9470303 HIGHER EDUCATION: INSTRUCTION - INCLUDES 73 ACADEMIC MAJORS, FOREIGN STUDY PROGRAMS, HONORS PROGRAMS, AND OTHER EDUCATIONAL RELATED DEPARTMENTS SERVICING APPROXIMATELY 2,500 TOTAL STUDENTS AND STAFFED BY APPROXIMATELY 300 FACULTY MEMBERS. (2,500 STUDENTS) 13400374 6482639 HIGHER EDUCATION: ACADEMIC SUPPORT - INCLUDES LIBRARY SUPPORT OF 160,000 TOTAL VOLUMES, AUDIOVISUAL MATERIALS AND EQUIPMENT, ART EXHIBITS, JAZZ, THEATER, BAND, CHOIR, DEBATE, INTERCOLLEGIATE ATHLETICS, AND RELATED ACTIVITIES SERVICING THE STUDENT AND THE COMMUNITY. (2,500 STUDENTS) 11198211 79429276 HIGHER EDUCATION: AUXILIARY ENTERPRISES - SERVES THE STUDENT COMMUNITY BY SELLING TEXTBOOKS AND OTHER INSTRUCTIONAL MATERIALS AND SUPPLIES, AND PROVIDES MEAL SERVICE AND HOUSING. (2,500 STUDENTS) 9949601 14528007 HIGHER EDUCATION: STUDENT SERVICES - SERVES THE STUDENT COMMUNITY BY PROVIDING REGISTRATION ASSISTANCE, COUNSELING, CAREER PLANNING, INTERNSHIPS, FINANCIAL ASSISTANCE, MULTICULTURAL PROGRAMMING, ORIENTATION AND ADVISING, INTRAMURAL SPORTS, AND OTHER RELATED PROGRAMS. (2,500 STUDENTS) HIGHER EDUCATION: PUBLIC SERVICES - INCLUDES A CENTER FOR COMMUNICATIVE DISORDERS, ART PROGRAMS, ALUMNI PROGRAMS, COMMUNITY SERVICE AND A NATIONAL PUBLIC RADIO STATION SERVING THE STUDENTS AND COMMUNITY. (2500 STUDENTS) HIGHER EDUCATION: RESEARCH - SUPPORTS EXTENSIVE OPPORTUNITIES FOR STUDENTS AND FACULTY TO CONDUCT RESEARCH ON AND OFF CAMPUS. (2,500 STUDENTS) 9949601 14528007 108910299 true true false true false true true false true true true false false true true true false true true true false false true false false false false true true true false false false false false false false false true false true true false false false false false false false true 3277 0 true 2771 true true true true CJ BD SW false false false false false false false false X 37 36 false false false false false false false true true false false true true true true true true true true false IL X Kirk Anderson 3097947203 639 38th Street Rock Island IL 61201 Peter Marty Board Member - Secretary 1.00 X X 0 0 0 Mary E Junck VP of Board 1.00 X X 0 0 0 Lee Selander Chair of the Board 1.00 X X 0 0 0 Steven Bahls College President 55.00 X X 406468 0 61529 Kenneth Abrams Board Member 1.00 X 0 0 0 Ronald Nyberg Board Member 1.00 X 0 0 0 Paul Guehler Board Member 1.00 X 0 0 0 Dean Christensen Board Member 1.00 X 0 0 0 Thomas Leach Board Member 1.00 X 0 0 0 Sunder Subbaroyan Board Member 1.00 X 0 0 0 Robert Ontiveros Board Member 1.00 X 0 0 0 Robert Karlblom Board Member (partial end) 1.00 X 0 0 0 Debra Gammon Board Member 1.00 X 0 0 0 Mark Wilhelm Board Member 1.00 X 0 0 0 Donald Hallberg Board Member 1.00 X 0 0 0 Chris Coulter Board Member 1.00 X 0 0 0 Paul Guehler Board Member 1.00 X 0 0 0 John Lucken Board Member 1.00 X 0 0 0 Hector GarfiasToledo Board Member 1.00 X 0 0 0 Nils Hasselmo Board Member (partial end) 1.00 X 0 0 0 Peter Simshauser Board Member 1.00 X 0 0 0 Christopher Seyfarth Board Member (partial end) 1.00 X 0 0 0 Zac Larson Board Member 1.00 X 0 0 0 Diane Harris Board Member 1.00 X 0 0 0 Donald Sundquist Board Member 1.00 X 0 0 0 Mary Lind Board Member 1.00 X 0 0 0 Kim Brunner Board Member 1.00 X 0 0 0 Phil McKinley Board Member 1.00 X 0 0 0 Gary Wollersheim Board Member 1.00 X 0 0 0 Lois Levine-Mundie Board Member 1.00 X 0 0 0 Robert Swieringa Board Member 1.00 X 0 0 0 Lawrence Barker Board Member 1.00 X 0 0 0 Brenda Barnes Board Member (partial end) 1.00 X 0 0 0 Tom Grevlos Board Member 1.00 X 0 0 0 Murry Gerber Board Member 1.00 X 0 0 0 Mark Schwiebert Board Member 1.00 X 0 0 0 Diane Hill Board Member 1.00 X 0 0 0 Donald Berg Board Member 1.00 X 0 0 0 Dana Waterman Board Member 1.00 X 0 0 0 Lydia Duran Board Member 1.00 X 0 0 0 Diane Griffin Board Member 1.00 X 0 0 0 Julie Hamann Board Member 1.00 X 0 0 0 Jenny Kimball Board Member 1.00 X 0 0 0 John Murabito Board Member 1.00 X 0 0 0 Eric Lindberg Board Member 1.00 X 0 0 0 Lynette Rasmussen Board Member 1.00 X 0 0 0 Trevor Will Board Member 1.00 X 0 0 0 Karl Zobrist Board Member 1.00 X 0 0 0 Sheri Curran Asst Secretary 35.00 X 68252 0 8567 David English VP of Finance and Aministration 55.00 X 183083 0 32089 Kent Barnds Executive VP Enrollment and Communication & Planning 55.00 X 213624 0 32932 Pareena Lawrence Dean of the College 55.00 X 174758 0 20102 Julie Crockett VP Advancement 55.00 X 113963 0 10303 Evelyn Campbell Dean and VP Student Services 55.00 X 146368 0 21128 Charles Hyser Professor 55.00 X 107180 0 22415 Christopher Vaughan Asst VP Chief Information Officer 55.00 X 108585 0 19595 Karen Youngberg Professor 55.00 X 112026 0 19101 Peter Kivisto Professor 55.00 X 108378 0 20646 1742685 0 268407 16 false true true ESTES COMPANY 131 WEST 2ND STREET SUITE 400 DAVENPORT IA 528080000 CONSTRUCTION 1705889 Performance Food Group 8001 TPC Rd Rock Island IL 612010000 Food Service Distributor 1236473 BUSH CONSTRUCTION COMPANY 5401 VICTORIA AVE DAVENPORT IA 528070000 CONSTRUCTION 868056 RUSSELL CONSTRUCTION 4600 E 53RD STREET DAVENPORT IA 528070000 CONSTRUCTION 771124 CENTER FOR ACADEMIC PROGRAMS ABROAD 65 FRANKLIN ST BOSTON MA 021100000 STUDENT TRAVEL SERVICE 529276 38 X 1080906 17125888 1209727 18206794 Tuition and Fees 611710 91018177 91018177 0 0 Sales and Services - Auxiliary 722320 18135783 18111863 23920 0 Sales and Services - Ed Dept 611710 780185 780185 0 0 0 0 0 0 109934145 3242809 3242809 307385 0 307385 0 307385 19200 288185 22827539 19738897 3088642 0 3088642 3088642 0 0 0 0 0 0 Departmental Designated 611710 216922 216922 FMV/PV Adjustments 900001 67229 67229 Annuitant Payments 900001 -195086 -195086 288522 0 0 288522 377587 135157362 109910225 43120 6997223 0 0 47744952 47744952 0 0 0 0 1674824 0 1674824 0 0 0 0 0 30057936 26973211 1976898 1107827 2669705 2197753 359082 112870 4303220 1602619 2690571 10030 2082151 1781461 220316 80374 0 0 0 0 40235 2184 38051 0 198617 10000 188617 0 0 0 0 0 74928 74928 260938 0 260938 0 2879011 2177016 669070 32925 210333 155377 54956 0 1984517 1793213 69960 121344 540836 415550 122650 2636 956 956 0 0 6095276 5305472 789804 0 3625079 3267701 301751 55627 0 0 0 0 317662 175469 119809 22384 1948138 1935876 12262 0 0 0 0 0 6133286 5194992 938294 0 351516 146600 204916 0 Bookstore and Food Service Functions 2685372 2685372 0 0 Repair and Maintenance 1113502 1102871 10631 0 Membership Dues 980321 817708 129681 32932 Equipment 798235 762547 34928 760 2973157 2661399 216703 95055 121744703 108910299 11084712 1749692 8648428 12153179 690552 2242191 7811975 9475567 947489 364614 0 0 0 0 372515 374507 946154 594013 231790354 111505648 121753612 120284706 129351706 127763652 31020673 32869716 3328640 3281130 0 0 24526057 13757819 329397801 323161094 5718164 6546498 0 0 0 0 60358470 58573838 0 0 0 0 0 2114706 0 8391735 8586695 76583075 73707031 138037585 128964373 42997248 45148795 71779893 75340895 252814726 249454063 329397801 323161094 X 13412659 -5997004 0 0 0 -10776318 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 0 false false true 402 false false 402 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY To Advocate on the behalf of Higher Education 0 0 X X X Education false 147253504 10421565 -74046 3174682 3338493 0 151087848 129619197 3553168 19728962 2963854 2683969 0 147253504 118812024 4010138 11991200 2896194 2297971 0 129619197 121668222 5026091 -2869872 2725513 2286904 0 118812024 102260963 2492244 22010712 2856600 2239097 0 121668222 0.33 0.5 0.17 true false 5426175 5426175 177488670 78561727 98926943 11815926 5128835 6687091 33346767 27815086 5531681 3712816 3712816 120284706 Alternative Investments : Hedge funds 18397375 F Equity Mutual Funds 8973752 F Alternative Investments: Private Equity 5498589 F 32869716 Annuity Payable 1814458 Conditional Asset Retirement 2826912 Student Deposits 911086 US Government Payable 3034239 Leases Payable 0 8586695 X 81154468 -5997004 0 0 -47744952 -53741956 134896424 260938 0 260938 135157362 73738813 0 0 0 0 0 73738813 260938 47744952 48005890 121744703 Schedule D, Part III, Line 1a Collections of art - financial statement footnote The collections, which were acquired through purchases and contributions since the College's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The College's collections are made up of art objects that are held for educational and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Collection items are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. Schedule D, Part III, Line 4 Collections of art - description of collections The art collection consists of works of art, historical treasures or similar assets that are held for public exhibition, education or research. Schedule D, Part V, Line 4 Intended uses of endowment funds The Endowments' primary purpose is to provide support to both Augustana College's general operating budget, to student scholarships and awards, and to support faculty chairs and professorships. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Annual Corporation Tax Filing: The College files a Form 990 (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to colleges include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2015 and 2014, there were no uncertain tax positions identified. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the College are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. The College would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2015 and 2014. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships - -47744952 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 47744952 true true false true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY All major publications dealing with student admissions, programs and scholarships, include our racially nondiscriminatory policy as to the students. Further, all written advertising given to prospective students contains our policy statement. Because we customarily draw about 90% of our students from outside the general community, we do not have to publicize our nondiscriminatory policy to the general community. In order to demonstrate that we are following our policy, we point to our current first year enrollment of racially minority students which stands at about 15%. We feel this is a meaningful number to qualify for the publicity notice exception provided by Section 4.03(2)(b) of Rev. Proc. 75-50. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Financial Assistance is received from the State of Illinois as financial assistance for non-public institutions, and federally funded student aid programs include College Work Study Program, Direct Loan Program, Pell Grant Program, Perkins Loan Program, Supplemental Educational Opportunity Grant Program, SMART Grant Program, and Academic Grant Program. East Asia and the Pacific 0 0 Program Services COURSE STUDY ABROAD 629883 Europe (Including Iceland and Greenland) 0 0 Program Services COURSE STUDY ABROAD 417898 Central America and the Caribbean 0 0 Program Services COURSE STUDY ABROAD 147046 South America 0 0 Program Services COURSE STUDY ABROAD 185435 Central America and the Caribbean Investments 18609737 Sub-Saharan Africa 0 0 Program Services COURSE STUDY ABROAD 74980 South Asia 0 0 Program Services COURSE STUDY ABROAD 4213 Russia and Neighboring States 0 0 Program Services ABROAD PROGRAMMING 1051 0 0 0 0 0 0 20070243 0 20070243 true false true false false false X X X X X X X true RUFFALOCODY PHONE-A-THON false 279254 91980 187274 279254 91980 187274 AK CO IL NH MA WA OR true HONORS SCHOLARSHIP 1547 20416183 AUGUSTANA GRANT 1105 5518639 SEOG GRANT 167 93424 TUITION EXCHANGE 30 976899 PRESIDENTIAL SCHOLARSHIPS 680 12063019 MERIT BASED SCHOLARSHIPS 498 881037 ALUMNI SCHOLARSHIPS 139 134916 OTHER SCHOLARSHIPS 1854 2700649 FAMILY ALLOWANCE 1 1000 YELLOW RIBBON SCHOLARSHIPS 6 22508 SEOG 606 280273 ENDOWED SCHOLARSHIPS 850 3174682 ANNUAL SCHOLARSHIP 162 577181 MINORITY SCHOLARSHIP 305 790394 OTHER FUNDED SCHOLARSHIPS 21 97149 Student Language Awards 20 17000 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds The institution awards both need based and merit based funds and are distributed in a fair and equitable basis. Funds are awarded based on the institution's packaging policies and awarding criteria. Students must complete the Free Application for Federal Student Aid (FAFSA) on a yearly basis to apply for need based institutional assistance. The FAFSA results are used to determine eligibility for need based awards based on the established institutions packaging policies. Special circumstances may be considered when awarding need-based funds and are considered on an individual basis. Student records/files are kept for 4 years from the date of last enrollment---files will include FAFSA's and all supporting documentation for determining eligibility. The college maintains control of these funds by applying them directly to a students billing instead of awarding them directly to the student ensuring proper use.. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The institution awards both need based and merit based funds and are distributed in a fair and equitable basis. Funds are awarded based on the institution's packaging policies and awarding criteria. Students must complete the Free Application for Federal Student Aid (FAFSA) on a yearly basis to apply for need based institutional assistance. The FAFSA results are used to determine eligibility for need based awards based on the established institutions packaging policies. Special circumstances may be considered when awarding need-based funds and are considered on an individual basis. Student records/files are kept for 4 years from the date of last enrollment---files will include FAFSA's and all supporting documentation for determining eligibility. The college maintains control of these funds by applying them directly to a students billing instead of awarding them directly to the student ensuring proper use.. X X X true true X X X X false false false false false false false false false Steven Bahls College President 341468 0 65000 0 0 0 31750 0 29779 0 467997 0 0 0 David English VP of Finance and Aministration 183083 0 0 0 0 0 19873 0 12216 0 215172 0 0 0 Kent Barnds Executive VP Enrollment and Communication & Planning 168624 0 45000 0 0 0 18798 0 14134 0 246556 0 0 0 Pareena Lawrence Dean of the College 174758 0 0 0 0 0 7011 0 13091 0 194860 0 0 0 Evelyn Campbell Dean and VP Student Services 146368 0 0 0 0 0 15188 0 5940 0 167496 0 0 0 Schedule J, Part I, Line 1a Travel for companions The President's wife accompanies him on College-related business as part of her employment contract with the College. Schedule J, Part I, Line 1a Housing allowance or residence for personal use As part of the President's contract he is required to reside in the College-owned residence at the College's expense, including but not limited to, grounds keeping, general maintenance and all utilities. The President's residence is available for College-related business and entertainment on a regular and continuing basis. These benefits are not considered taxable. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Steve Bahls has a membership to the Chicago Club. Membership is by invitation only. Primarily this membership is used for lodging and meeting accommodations. This is not considered a taxable benefit. A Quad Cities Regional Development Authority 363580390 74731RAV3 2012-07-11 38702767 Construction of dining student life center and retirement of 2003A bond issue false false false B Illinois Educational Facility Authority 521297563 4520014E7 2003-02-13 7090000 Construction and Renovation of Athletic Facilities, 2003B issue false false false C Quad Cities Regional Development Authority 363580390 74731RAB7 2005-10-21 15000000 Construct New Res Halls and Renovations false false false D Illinois Finance Authority 861091967 nonenonen 2007-06-28 5000000 Construct New Apartments and renovate Res halls false false false A 0 0 38702767 847244 0 0 658033 0 0 7004189 30193301 0 2013 true false true true B 0 0 7090000 0 0 0 49007 40993 0 7000000 0 0 2004 false false true true C 0 0 15000000 0 0 0 300000 57081 0 14642919 0 0 2008 false false true true D 0 0 5000000 0 0 0 100000 0 0 4900000 0 0 2010 false false true true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true D false false false false 0.0 false false true A false true false false false 0.0 false false true B false false false true true false false false true C false false false true true false 0.0 false true D false false true false false false 0.0 false false true A false B false C false D false Schedule K, Part I, Column (f) Description Of Purpose Issuer name: Quad Cities Regional Development Authority Construction of dining student life center and retirement of 2003A bond issue Schedule K, Part I, Column (f) Description Of Purpose Issuer name: Illinois Educational Facility Authority Construction and Renovation of Athletic Facilities, 2003B issue Schedule K, Part I, Column (f) Description Of Purpose Issuer name: Quad Cities Regional Development Authority Construct New Res Halls and Renovations Schedule K, Part IV, Line 2c Rebate Calculation Issuer name: Quad Cities Regional Development Authority The calculation for computing no rebate due was performed on 01/07/2010 Schedule K, Part I, Column (f) Description Of Purpose Issuer name: Illinois Finance Authority Construct New Apartments and renovate Res halls JANE BAHLS PRESIDENT'S WIFE 17500 PAYMENT PURSUANT TO [CONTRACT/CONSULTING] AGREEMENT WITH JANE BAHLS false X 15 1185042 Market value X Airtime 2 7827 Market value X Board Travel 4 2178 Market value X Event Donation 1 30 Market value X Piano 1 14650 Opinions of experts 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: Number of contributions Other: Number of contributions Other: Number of Contributions Other: Number of contributions Other: Number of Contributions Schedule M, Part I, Line 9 Number of contributions or items contributed Number of contributions Schedule M, Part I Number of contributions or items contributed Number of contributions Schedule M, Part I Number of contributions or items contributed Number of Contributions Schedule M, Part I Number of contributions or items contributed Number of contributions CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 9,949,601 including grants of $)(Revenue $ 14,528,007) HIGHER EDUCATION: STUDENT SERVICES - SERVES THE STUDENT COMMUNITY BY PROVIDING REGISTRATION ASSISTANCE, COUNSELING, CAREER PLANNING, INTERNSHIPS, FINANCIAL ASSISTANCE, MULTICULTURAL PROGRAMMING, ORIENTATION AND ADVISING, INTRAMURAL SPORTS, AND OTHER RELATED PROGRAMS. (2,500 STUDENTS) HIGHER EDUCATION: PUBLIC SERVICES - INCLUDES A CENTER FOR COMMUNICATIVE DISORDERS, ART PROGRAMS, ALUMNI PROGRAMS, COMMUNITY SERVICE AND A NATIONAL PUBLIC RADIO STATION SERVING THE STUDENTS AND COMMUNITY. (2500 STUDENTS) HIGHER EDUCATION: RESEARCH - SUPPORTS EXTENSIVE OPPORTUNITIES FOR STUDENTS AND FACULTY TO CONDUCT RESEARCH ON AND OFF CAMPUS. (2,500 STUDENTS) Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is provided to the full board of trustees for review and comment via a secure website prior to filing; the Audit Committee of the board approves the Form 990 before filing. Form 990, Part VI, Line 12c Conflict of interest policy The College has a conflict of interest policy included within its Code of Conduct which is distributed to all employees via a printed and electronic handbook. The Code requires that conflicts be disclosed to an employee's supervisor, the General Counsel, or the College President. This policy covers all employees as well as college visitors, including consultants. To avoid a conflict, employees are prohibited from accepting a position with another employer without supervisory approval. Any employee wishing to perform consulting services must obtain prior approval from the President of the College. Finally, gifts are strictly limited and must be disclosed to the President's office if valued over $100. Additionally, the College has a "self-standing" Conflict of Interest policy which is referenced in the Code of Conduct and also included in the handbook. Compliance with this policy is affirmed in writing each year by each individual member of the Board of Trustees. These responses are reviewed by the General Counsel and the College President; any potential conflicts would also be reviewed by the Audit Committee and Executive Committee. Ultimately, the Audit Committee would determine the existence of a conflict and the appropriate remedy, and report these to the Board. The Conflict of Interest policy precludes any individual in a conflict of interest situation from voting on any proposed transaction which relates to the conflict. Remedies beyond abstention from voting would be determined on a case by case basis. Form 990, Part VI, Line 15a Process to establish compensation of top management official The College President and the Compensation Committee, comprised of independent board members , reviews compensation of top management positions at the College at least on an annual basis. The Compensation Committee reviews the compensation of the President of the College in the absence of the President, also on at least an annual basis. Minutes are taken during these meetings. The Compensation Committee last met in July 2014 for this reporting period. A variety of benchmarking data is reviewed by this Committee in determining appropriate compensation, including but not limited to comparability data made available by CUPA, ELCA, and the Chronicle of Higher Education. The Compensation Committee has been charged by the Board with the responsibility of exercising the "authority of the Board" with respect to terms and conditions of employment of the President and of other senior administrative employees of the College. Form 990, Part VI, Line 15b Process to establish compensation of other employees These positions were last reviewed for salary year beginning September 1, 2014: College President Vice President of Finance and Administration Vice President of Enrollment College Chaplain Vice President and Dean of Student Services Vice President of Advancement Dean of the College General Counsel Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are available in hard copy and electronically upon request from the public. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue various - Total Revenue: 288522, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 288522; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in recognition of reported Art Collection - -10776318; Schedule M, Part I Number of contributions or items contributed Number of Contributions