2015-03-13T16:22:16-05:00 2014-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2013-07-01 420680372 UPPER IOWA UNIVERSITY UPPE 5634255384 PO BOX 1857 FAYETTE IA 52142 LESLIE T ANDERSON VP AND CFO 5634255384 2015-03-10 1 LAWRENCE H MOHR CPA P00447603 6128764500 2015-03-10 2013 2016-03-07 17:11:31Z WILLIAM DUFFY PO BOX 1857 FAYETTE IA 52142 69965588 0 X WWW.UIU.EDU X 1856 IA UPPER IOWA UNIVERSITY PROVIDES STUDENT-CENTERED UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS THROUGH FLEXIBLE, MULTIPLE DELIVERY SYSTEMS IN AN ENVIRONMENT IN WHICH DIVERSITY IS RESPECTED, ENCOURAGED AND NURTURED. 16 14 1854 17 37188 -48964 2160483 3907057 59265426 62667718 590507 1710944 86603 286672 62103019 68572391 10826443 14544799 0 0 34090186 30906335 0 0 610584 24979124 23567100 69895753 69018234 -7792734 -445843 132822879 131934478 77534053 77007214 55288826 54927264 UPPER IOWA UNIVERSITY PROVIDES STUDENT-CENTERED UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS THROUGH FLEXIBLE, MULTIPLE DELIVERY SYSTEMS IN AN ENVIRONMENT IN WHICH DIVERSITY IS RESPECTED, ENCOURAGED AND NURTURED. 0 0 56401431 14544799 57763151 EDUCATIONAL, INSTRUCTIONAL AND SUPPORT SERVICES TO AN APPROXIMATED STUDENT ENROLLMENT OF 6,271 STUDENTS FOR THE 2013-2014 FISCAL YEAR. 6114666 4980051 AUXILIARY ENTERPRISES- RESIDENCE HALLS, FOOD SERVICES, LOGO STORE, ETC. FOR THE ABOVE STUDENTS. 62516097 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 0 0 0 0 0 1 1 1 0 0 1 84 0 1854 1 1 1 1 HK MY 0 0 0 1 1 0 0 0 0 X 16 14 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 LESLIE ANDERSON CFO 5634255384 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 10244 0 0 ROBERT FIRTH TRUSTEE/ADJUNCT INSTRUCTOR 2.00 X 2714 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 KIERAN PATTERSON 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 224612 0 8046 RICHARD PATRICK ACTING PRESIDENT 70.00 X 174058 0 10330 SARA TRAINOR CFO 70.00 X 86218 0 6894 DAVID MILLER DIRECTOR OF ATHLETICS 60.00 X 133749 0 18550 ANDREW WENTHE VP OF EXTERNAL AFFAIRS 60.00 X 130454 0 9808 CHRISTOPHER KRAGNES GENERAL COUNSEL/FACULTY 60.00 X 116238 0 4713 GAIL MOORMAN BEHRENS DEAN OF SCHOOL OF EDUCATION 55.00 X 114653 0 4364 ISMAEL BETANCOURT VP OF INTERNATIONAL PROGRAMS 60.00 X 114437 0 10604 DR ALAN WALKER FORMER PRESIDENT 60.00 X 305836 0 11521 MELISSA MACTAGGART FORMER VP OF HUMAN RESOURCES 60.00 X 114880 0 1248 DONALD AUNGST FORMER CFO 60.00 X 140493 0 7302 1668586 0 93380 11 1 1 0 SAMUELS GROUP INC 311 FINANCIAL WAY SUITE 300 WAUSAU WI 54401 BUILDING CONSTRUCTION 4682665 SPILLMAN FARMER ARCHITECTS 1720 SPILLMAN DRIVE SUITE 200 BETHLEHEM PA 18015 ARCHITECT 467692 BAKER TILLY VIRCHOW KRAUSE LLP TEN TERRACE COURT PO BOX 7398 MADISON WI 53707 AUDIT FIRM 264766 IIW PC 4155 PENNSYLVANIA AVE DUBUQUE IA 52002 BIKE TRAIL CONSTRUCTION 168126 FRITZ OPPENLANDER 2480 PARTRIDGE WOODS COURT BURLINGTON WI 53105 CONSULTANT 111995 5 5400 800820 3100837 1820 3907057 TUITION AND FEES 611600 57678524 57678524 AUXILIARY SERVICES 611710 4980051 4980051 EDUCATIONAL ACTIVITIES 611710 9143 9143 62667718 751865 751865 11049 4809 6240 6240 791 5449 2313749 24904 1315120 64454 998629 -39550 959079 959079 14585 5400 8814 5771 5771 ENERGY REBATES 900099 162780 162780 REC CENTER INCOME 611710 28750 28750 HEARTLANDING INCOME 611710 27273 27273 55858 48211 7647 274661 68572391 62743202 37188 1884944 14544799 14544799 1314480 305836 1008644 23643847 21817228 1517402 309217 1184 1184 4130712 3562442 513938 54332 1816112 1602118 192352 21642 54322 54322 249204 249204 321420 321420 68671 68671 29803 10482 19321 2837533 2618636 208411 10486 970869 783339 134092 53438 526649 475082 51352 215 2105998 1769672 333344 2982 1139909 968282 152642 18985 320190 163199 153002 3989 3580188 3580188 3181217 3181217 96051 96051 AUXILIARY EXPENSES 2571651 2571651 OTHER RENTAL EXPENSES 1780438 1761869 18569 EQUIPMENT EXPENSE 1280293 717981 561660 652 BAD DEBTS/FOREIGN CONVE 384559 384559 2068135 1545960 406850 115325 69018234 62516097 5891553 610584 2856287 2572046 11739845 11985688 5051539 4641627 1664225 2043603 368025 296893 65451 135811 181222 154123 123422430 30287629 95784001 93134801 7405125 8998011 457593 545200 7249566 7426675 132822879 131934478 6462954 5061998 1090908 954545 67070570 66331680 1000000 2909621 3658991 77534053 77007214 X 38204368 37110195 7406344 6343790 9678114 11473279 55288826 54927264 132822879 131934478 X -445843 -172134 256415 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10199704 170254 1255467 154880 11470545 9301511 61691 1106651 270149 10199704 9177478 294564 -163240 7291 9301511 7056930 603689 1639390 107839 14692 9177478 6265537 314865 601241 105084 19629 7056930 0.35550 0.45940 0.18510 1 0 2934784 2934784 99011747 17230611 81781136 8820591 4653779 4166812 10338175 7457742 2880433 2317133 945497 1371636 93134801 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 4776273 DEFERRED DEBT ACQUISITION COSTS 1816983 DUE FROM RELATED ORGANIZATIONS 833419 7426675 STUDENT DEPOSITS AND DEFERRED TUITION 1666275 POST RETIREMENT BENEFIT PAYABLE 1300000 FEDERAL STUDENT LOAN FUNDS 293682 LEASE PAYABLE 399034 3658991 X 54052925 -172134 270038 97904 53955021 68671 14548699 14617370 68572391 54414487 13623 13623 54400864 68671 14548699 14617370 69018234 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, ATHLETICS AND ECONOMIC DEVELOPMENT. 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, 2014 AND 2013. THE UNIVERSITYS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2011 THROUGH 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 256,415. DIRECT RENTAL EXPENSES 4,809. DIRECT FUNDRAISING EXPENSES 8,814. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, TUITIONS AND GRANTS 14,544,799. GROSS CAR WASH REVENUES 3,900. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 8,814. DIRECT RENTAL EXPENSES 4,809. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, TUITIONS AND GRANTS 14,544,799. GROSS CAR WASH REVENUES 3,900. 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 DEGREE PROGRAMS. 2841125 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 302455 2 60 0 0 2 60 3143580 0 3143580 1 0 1 1 1 0 UPPER IOWA ATHLETICS GOLF OUTING 19985 5400 14585 1738 4575 1634 867 19985 5400 14585 1738 4575 1634 867 8814 5771 1 SCHOLARSHIPS 954 12436945 SEOG GRANTS 2000 303864 TEACH GRANTS 37 100321 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 1 0 0 0 0 0 0 0 0 WILLIAM DUFFY PRESIDENT 224612 0 0 0 0 0 6916 0 1130 0 232658 0 0 0 RICHARD PATRICK ACTING PRESIDENT 174058 0 0 0 0 0 7875 0 2455 0 184388 0 0 0 DAVID MILLER DIRECTOR OF ATHLETICS 133749 0 0 0 0 0 5116 0 13434 0 152299 0 0 0 DR ALAN WALKER FORMER PRESIDENT 305836 0 0 0 0 0 10815 0 706 0 317357 0 0 0 MELISSA MACTAGGART FORMER VP OF HUMAN RESOURCES 114880 0 0 0 0 0 0 0 1248 0 116128 0 0 0 DONALD AUNGST FORMER CFO 140493 0 0 0 0 0 3411 0 3891 0 147795 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR THE PRESIDENTS RESIDENCE AND THE RELATED REPAIRS, FOR THE YEAR ENDED JUNE 30, 2014. THE PRESIDENTS CONTRACT PROVIDES FOR THE UNIVERSITY TO PAY HIS FAMILYS 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 MAINTAIN 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 UNIVERSITYS BEHALF. THE UNIVERSITY ALSO 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 FOR THE PROVOST. PART I, LINE 4A DR. ALAN WALKER WORKED THROUGH SEPTEMBER, 2012. HE LEFT THE UNIVERSITY AFTERWARDS AND RECEIVED PAYMENT OF $25,750 PER MONTH THROUGH THE END OF THE FISCAL YEAR ENDED JUNE 30, 2013. DON AUNGST LEFT THE UNIVERSITY AFTER MARCH 30, 2013. DON RECEIVED 16,240.50/MONTH FOR 6 MONTHS. 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 1015000 44176694 3272925 883513 23236450 16783804 2011 1 0 1 1 B 23204398 1476250 1062390 451417 20214340 2012 0 0 1 1 A 0 0 1 1 0 0.01560 0.01560 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 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 89000 BUILDING LEASE WITH MAPLE CREST BUILDINGS, INC. 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 AVP ASSISTS IN THE PREPARATION OF THE FORM 990 AND SUPPORTING SCHEDULES. THE CFO AND AVP 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 PRESIDENTS 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 UIUS 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 256,415. 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 (HK) 3/F MAX SHARE BLDG 373 KINGS ROAD NORTH POINT HK EDUCATION HK UPPER IOWA UNIVERSITY C 1.00000 1 UIU MALAYSIA SDN BHD NO 9 JALAN TEKNOLOGI TAMAN SAINS PETALING JAYA SELANGOR MY 47810 EDUCATION MY UPPER IOWA UNIVERSITY C 1.00000 1 CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST IA T 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UIU MALAYSIA SDN BHD D 147375 BOOK COST UPPER IOWA UNIVERSITY (HK) D 686044 BOOK COST