2015-01-14T15:23:27-07:00 2014-05-31 990 2013-06-01 420707124 BRIAR CLIFF UNIVERSITY BRIA 7122795504 3303 Rebecca Street Sioux Ctiy IA 51104 Beth Grigsby Vice President for Finance 7122795504 2015-01-14 2013 2016-02-25 16:41:14Z Beverly Wharton 3303 Rebecca Street Sioux City IA 51104 36677590 0 X www.briarcliff.edu X 1930 IA Post-Secondary Education 25 24 684 50 0 0 3400692 4576354 25342380 25835128 770795 748677 124749 195718 29638616 31355877 9877445 9626434 0 0 11018803 11425252 0 0 741822 9002015 9339405 29898263 30391091 -259647 964786 38007190 39452524 11672910 11637552 26334280 27814972 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 25729757 9626434 22102534 Higher Education: Four year liberal arts university providing over 29,000 credit hours of post-secondary education to 1,300 students. Doctorate, masters and baccalaureate programs are offered in 40 fields of study. 0 0 0 25729757 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 1 0 0 0 0 0 0 0 1 1652 0 1 684 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 25 24 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 Sr Carol Besch 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 Margaret Dolan Board Member 0.50 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 Board Member 0.50 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 0.5 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 Ginny Peterson Board Member 0.50 0 X 0 0 0 Jim Roth Board Member 0.5 0 X 0 0 0 Sr Nancy Schreck Chairperson 1.0 0 X 0 0 0 David Simmons Board Member 0.50 0 X 0 0 0 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 198171 0 0 Beth Grigsby Vice President 40 0 X 105919 0 0 William Mangan Vice President 40.00 0 X 105436 0 0 Sharisue Wilcoxon Vice President 40 0 X 106258 0 0 Louise Paskey Vice President 40 0 X 36247 0 0 Steven Janowiak Vice President 40 0 X 46702 0 0 Craig McGarry Vice President 40 0 X 0 0 0 598733 0 0 4 1 1 0 Aramark Services 3303 Rebecca Street Sioux City IA 51104 Food Service 1329788 Mercer HB Admin Iowa Fiduciary PO Box 533206 Charlotte NC 28290 Insurance 1176019 National Management Resources PO Box 1224 LaGrange GA 30241 Facilities Management 809025 Electric Innovations 2300 7th St Sioux City IA 51105 IT/Network Consulting 363057 Arthur J Gallagher Risk Mgmt Svc 39746 Treasury Center Chicago IL 60694 Insurance 191724 8 0 0 74259 0 1055122 3446973 237032 4576354 Student Tuition and Fees 611310 25835128 25835128 0 0 0 0 0 0 25835128 304391 304391 0 0 0 0 0 0 0 0 0 0 3048 0 69539 0 -66491 0 -66491 -66491 0 0 4886958 213363 4427036 228999 459922 -15636 444286 444286 0 0 0 74259 0 0 0 0 0 0 0 0 0 0 751356 596139 155217 155217 0 0 Other Income 611310 106992 106992 0 0 0 0 0 0 106992 31355877 26779523 0 0 0 0 9626434 9626434 0 0 0 0 598733 294643 304090 0 0 0 0 0 8296817 7698498 352178 246141 319393 296360 13557 9476 1609133 1493092 68303 47738 601176 557823 25518 17835 2385217 1431130 954087 0 26464 0 26464 0 37750 0 37750 0 0 0 0 0 0 0 62669 0 62669 0 0 0 0 0 245938 221345 24593 0 1123280 840029 252824 30427 255246 229722 25524 0 0 0 0 0 1117509 680414 437095 0 573869 480214 90805 2850 0 0 0 0 125088 109923 15165 0 326512 195907 130605 0 0 0 0 0 1084908 650945 433963 0 232753 139652 93101 0 Membership and Dues 103689 29375 72534 1780 Equipment Rental and Maintenance 177243 144519 26166 6558 Bad Debt Expense 218631 0 218631 0 Other Purchased Services 1065191 609732 253890 201569 177448 177448 30391091 25729757 3919512 741822 X 0 0 0 0 11700 10700 1743537 1609233 998843 2146218 1091755 868299 0 0 0 0 2372776 2465517 199588 286608 126994 128330 42806393 22092567 21211234 20713826 9856952 10681796 274744 422990 0 0 0 0 119067 119007 38007190 39452524 1886833 1746092 0 0 40741 52591 0 0 0 0 0 0 7246754 7341590 0 0 2498582 2497279 11672910 11637552 X 17910808 17584234 1273122 2989349 7150350 7241389 26334280 27814972 38007190 39452524 964786 515906 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 1 3365 1 0 0 0 3365 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. 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 7465033 110600 1118136 371258 39997 45804 8236710 0.34 0.61 0.05 0 0 220000 93975 313975 0 33267773 14114665 19153108 0 0 0 0 0 7668836 6762973 905863 0 1555809 1214929 340880 20713826 0 Annuities Payable 30837 Government Loans Refundable 2466442 2497279 22794444 515906 0 0 611764 1127670 21666774 62669 9626434 9689103 31355877 21313752 0 0 0 611764 611764 20701988 62669 9626434 9689103 30391091 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 (-53914), Rental expenses, netted against revenue on Form 990 not netted on financial statements (69,539), Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (596,139). 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 (-53,914), Rental expense, netted against revenue on Form 990 not netted on financial statements (69,539), Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (596,139). Schedule D, Part XII, Line 4b Financial aid to students, netted against revenue on financial statements no 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 17100 15709 1391 0 0 0 2113 0 197 BCU Golf Classic 57245 50946 6299 0 1428 3850 507 0 0 0 74345 66655 7690 0 1428 3850 2620 0 197 8095 -405 1 Briar Cliff Scholarships 110 170790 Academic Excellence Scholarships 595 4015955 Continuing Education Awards 196 844826 Briar Cliff Departmental Scholarships 61 197554 Briar Cliff Grants 443 1189002 Leadership Awards 66 65000 Alumni Grants 36 34000 Athletic Scholarships 465 2894424 SEOG Awards 170 180000 Off Campus Employment 13 11883 Student Supports Services Scholarships 13 23000 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 the 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 in the Business Office; some agencies mail them to the grant managers, who then turn them into 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 183653 0 0 0 7539 0 0 0 6979 0 198171 0 0 0 Steven Janowiak Vice President 42233 0 0 0 0 0 0 0 4469 0 46702 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 2 803 Donor cost X 4493 Donor Cost X 4174 Thrift shop value X 6 214415 Trade Value X 3 3351 Donor cost X Building Materials 1 400 Fair Market Value X Athletic Equipment 1 4500 Fair Market Value X Fundraising prizes 22 4896 Fair Market Value 0 0 0 1 Schedule M, Part I, Line 32b The 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 and the President then review the 990. After the Vice President for Finance and President's review, the Form 990 is distributed to the 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 2013 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.