2016-01-14T15:48:07-07:00 2015-05-31 990 2014-06-01 420707124 BRIAR CLIFF UNIVERSITY BRIA 7122795504 3303 Rebecca Street Sioux City IA 51104 Beth Grigsby Vice President for Finance 7122795504 2016-01-14 2014 2016-04-25 22:37:26Z Beverly Wharton 3303 Rebecca Street Sioux City IA 51104 36839888 0 X www.briarcliff.edu X 1930 IA Post-Secondary Education 24 23 694 0 4576354 6210832 25835128 24849911 748677 974636 195718 106290 31355877 32141669 9626434 10021667 0 0 11425252 11735763 0 0 433513 9339405 9120325 30391091 30877755 964786 1263914 39452524 41260865 11637552 12305957 27814972 28954908 Briar Cliff University is a community committed to higher education within a liberal arts and Catholic perspective. In the Franciscan tradition of service, caring and openness to all, Briar Cliff emphasizes quality education for its students, combining a broad intellectual background with career development. The University challenges its members to grow in self-awareness and in their relationships to others and to God. 0 0 26521912 10021667 21281306 Higher Education: Four year liberal arts university providing over 27,000 credit hours of post-secondary education to over 1,200 students. Doctorate, masters and baccalaureate programs are offered in 35 fields of study. 0 0 0 26521912 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1670 0 1 694 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Beth Grigsby 7122795504 3303 Rebecca Street Sioux City IA 51104 Bailey Aalfs Board Member 0.50 0 X 0 0 0 Ken Beaulieu Board Member 0.50 0 X 0 0 0 Eric Bertness Board Member 0.50 0 X 0 0 0 Tim Brown Board Member 0.50 0 X 0 0 0 Rosie Chicoine Board Member 0.50 0 X 0 0 0 Sr Marie Cigrand Board Member 0.50 0 X 0 0 0 Dr Margaret Dolan Board Member 0.5 0 X 0 0 0 Debi Durham Board Member 0.50 0 X 0 0 0 Fr Michael Erpelding Board Member 0.50 0 X 0 0 0 Sister Jeanette Homan Board Member 0.50 0 X 0 0 0 James Jensen Board Member 0.50 0 X 0 0 0 Sister Cathy Katoski Chairperson 1.00 0 X 0 0 0 Rosalynd Koob Board Member 0.50 0 X 0 0 0 Jameley Levich Board Member 0.50 0 X 0 0 0 Dr Joseph Liewer Board Member 0.50 0 X 0 0 0 Bishop R Walker Nickless Board Member 0.50 0 X 0 0 0 Beth Noel Board Member 0.50 0 X 0 0 0 Jim Roth Board Member 0.50 0 X 0 0 0 David Simmons Board Member 0.50 0 X 0 0 0 Sr Marge Staudt Board Member 0.50 0 X 0 0 0 Dr Patrick Walsh Board Member 0.50 0 X 0 0 0 Chic Wolfe Board Member 0.50 0 X 0 0 0 Charese Yanney Board Member 0.50 0 X 0 0 0 Beverly Wharton President 40 0 X X 197118 0 0 Beth Grigsby Vice President 40 0 X 106487 0 0 William Mangan Vice President 40 0 X 105768 0 0 Sharisue Wilcoxon Vice President 40 0 X 112921 0 0 Louise Paskey Vice President 40 0 X 87988 0 0 Craig McGarry Vice President 40 0 X 0 0 0 Patrick Cross Program Director, PT 40 0 X 112546 0 0 722828 0 0 5 0 1 0 Aramark Services 3303 Rebecca Street Sioux City IA 51104 Food Service 1404879 Mercer HB Admin Iowa Fiduciary PO Box 533206 Charlotte NC 28290 Insurance 1126885 National Management Resources PO Box 1224 LaGrange GA 30241 Facilities Management 830516 WA Klinger LLC 2015 7th Street Sioux City IA 51101 Construction 338202 Electric Innovations 2300 7th St Sioux City IA 51105 IT/Network Consulting 324697 8 0 0 52771 0 1034991 5123070 154700 6210832 Student Tuition and Fees 611310 24849911 24849911 0 0 0 0 0 0 24849911 421058 421058 0 0 0 0 0 0 0 0 0 0 2184 0 37451 0 -35267 0 -35267 -35267 0 0 4506507 0 3952929 0 553578 0 553578 553578 0 0 0 52771 0 0 0 0 0 0 0 0 0 0 750758 707839 42919 42919 0 0 Other Income 611310 98638 98638 0 0 0 0 0 0 98638 32141669 25930837 0 0 0 0 10021667 10021667 0 0 0 0 610282 306677 303605 0 0 0 0 0 8570090 7975789 321265 273036 321178 298906 12040 10232 1619174 1506891 60697 51586 615039 572388 23056 19595 2438003 1462802 975201 0 36004 0 36004 0 38250 0 38250 0 0 0 0 0 0 0 62169 0 62169 0 0 0 0 0 235660 212094 23566 0 858856 757526 77544 23786 261905 235714 26191 0 0 0 0 0 902136 551313 350823 0 659753 551104 104774 3875 0 0 0 0 190575 190575 0 0 325577 195346 130231 0 0 0 0 0 1118417 671050 447367 0 239673 143804 95869 0 Membership and Dues 96791 21817 72921 2053 Equipment Rental & Maintenence 207372 189922 13572 3878 Bad Debt Expense 171688 0 171688 0 Other Purchased Services 1274249 656527 575497 42225 3247 0 0 3247 30877755 26521912 3922330 433513 X 0 0 0 0 10700 10450 1609233 551465 2146218 3120412 868299 820857 0 0 0 0 2465517 2443118 286608 247699 128330 136629 44105948 23208784 20713826 20897164 10681796 12419048 422990 251292 0 0 0 0 119007 362731 39452524 41260865 1746092 1654652 0 0 52591 32229 0 0 0 0 0 0 7341590 8477661 0 0 2497279 2141415 11637552 12305957 X 17584234 18572702 2989349 2690804 7241389 7691402 27814972 28954908 39452524 41260865 X 1263914 -441399 0 0 0 317421 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 1 3575 1 0 0 0 3575 0 Schedule C, Part II-B, Line 1 On a limited number of occasions, the president of the university may call legislators or their staff to discuss matters of interest to the university, or may visit them for a brief meeting as an incidental part of a business trip. Students are encouraged to write letters to legislators with concerns regarding financial aid and higher education. 10949734 1670617 485850 475278 0 62169 12568754 10351696 109277 991350 439920 0 62669 10949734 8902569 221358 1685293 399692 0 57832 10351696 9790978 224163 -657753 397781 0 57038 8902569 8236710 244622 1747248 382034 0 55568 9790978 0.41 0.55 0.04 0 0 0 93975 93975 0 33904457 14947790 18956667 0 0 0 0 0 8262259 6989162 1273097 0 1845257 1271832 573425 20897164 0 Government Loans Refundable 2141415 2141415 22351497 -441399 0 0 735063 293664 22057833 62169 10021667 10083836 32141669 21528982 0 0 0 735063 735063 20793919 62169 10021667 10083836 30877755 Schedule D, Part V, Line 4 Briar Cliff University uses its endowment funds to provide grants and scholarships, as well as funds for program related activities. Schedule D, Part XI, Line 2d Loan cancellations and administration (-10,226), Rental expenses, netted against revenue on Form 990 not netted on financial statements (37,450), Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (707,839). Schedule D, Part XI, Line 4b Financial aid to students, netted against revenue on financial statements not netted on Form 990. Schedule D, Part XII, Line 2d Loan cancellations and administration (-10,226), Rental expense, netted against revenue on Form 990 not netted on financial statements (37,450), Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (707,839). Schedule D, Part XII, Line 4b Financial Aid to students, netted against revenue on financial statements not netted on Form 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Printed in all student handbooks, university catalogs, and on the university web site. Available to all university community members and prospective students. Schedule E, Part I, Line 6 Briar Cliff University received student financial aid from both federal and state governmental agencies. Briar Cliff University also received TRIO grant money from the federal government. Lunch with the Chargers 16177 14729 1448 0 0 0 2430 0 979 BCU Golf Classic 45100 39005 6095 0 2618 8640 56 0 342 0 61277 53734 7543 0 2618 8640 2486 0 1321 15065 -7522 1 Briar Cliff Scholarships 112 182530 0 Academic Excellence Scholarships 577 4306584 0 Continuing Education Awards 184 916974 0 Briar Cliff Department Scholarships 53 167268 0 Briar Cliff Grants 268 712168 0 Leadership Awards 26 25000 0 Alumni Grants 21 20500 0 Athletic Scholarships 467 3487103 0 SEOG Awards 161 180000 0 Off Campus Employment 3 2624 0 Student Support Services Scholarships 17 22000 0 Schedule I, Part I, Line 2 The Vice President for Finance collects grant award letters and instructions from the granting agencies or the BCU grant managers. The Vice President for Finance keeps a fiscal file for each grant, including award letters, instructions, annual accounting records, and financial reports submitted to the grantors. Either the Vice President for Finance or the grant manager submits reports to agencies, depending on the grant. The Vice President for Finance creates a budget for each grant in the grants fund, based on award letters and input from the BCU grant managers. If the grant allows, grant managers may request budget transfers within their grant, which the Vice President for Finance or the Assistant Vice President for Finance enter in Datatel. The grant manager signs off on expenditures for the grant. The Vice President for Finance reviews all grant expenditures monthly, with more in-depth review as needed for reporting grantors. The Vice President for Finance reconciles grant expenditures annually, for both BCU fiscal year and the grant fiscal year if different. Financial aid grants are approved and reported by the Financial Aid department. Checks for grant revenues are received n the Business Office; some agencies mail them to the grant managers, who then turn them in to the Business Office for deposit. Some agencies pay BCU through direct deposit into BCU checking accounts. The Vice President for Finance draws down federal grant funds electronically through the online G5 system; drawdowns are usually done monthly. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Beverly Wharton President 186790 0 0 0 7588 0 0 0 2740 0 197118 0 0 0 Schedule J, Part I, Line 1a Country Club dues. These are included on the President's W-2 as taxable income. X 10750 Thrift Shop Value X 7 138486 Trade Value X 2 660 Donor Cost X Fundraising Prizes 21 3904 Fair Market Value X Medical Equipment 2 900 Fair Market Value 0 0 0 1 Schedule M, Part I, Line 32b Briar Cliff University uses a third party to process and sell any securities received as contributions. Form 990, Part VI, Section B, Line 11b The Assistant Vice President for Finance prepares the Form 990. The Vice President for Finance then reviews the 990. After review, the Form 990 is distributed to the President and Board of Trustees for their review, questions and comments. At the end of this process, the Form 990 is electronically submitted to the IRS. Form 990, Part VI, Section B, Line 12c Briar Cliff University has each member of the Board of Trustees complete and sign a conflict of interest statement on an annual basis. Additionally, Briar Cliff University personnel who contact vendors are made aware of board relationships and proceed accordingly. Form 990, Part VI, Section B, Line 15 Briar Cliff University has a compensation committee that reviews and discusses the salaries for the President and Vice Presidents. Comparisons are made to other Iowa Association of Independent Colleges and Universities institutions to see if BCU officers are compensated appropriately. Salary recommendations are also made based on these comparisons. The compensation committee met in 2014 to review and discuss the salaries for the President and Vice Presidents. Form 990, Part VI, Section C, Line 19 Briar Cliff University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Briar Cliff's 990 is also on the Guidestar web site. Form 990, Part XI, Line 9 Restatement of Perkins revolving loan fund. Net Assets, beginning of year, as previously stated = 27,814,972, Restatement of Perkins revolving loan fund = 317,421, Net Assets, beginning of year, as restated = 28,132,393.