2015-11-12T12:45:23-06:00 2015-06-30 420714325 MCGLADREY LLP 221 3RD AVE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2014-07-01 420730347 DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER DESM 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 MARK J PEIFFER CFO 5152711585 2015-11-10 1 CARLEY UMSTEAD P00982177 3192985310 2014 2016-02-25 16:41:14Z DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 3200 GRAND AVENUE DES MOINES IA 503124198 72087176 0 X WWW.DMU.EDU X 1898 IA TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 20 18 1224 820 6935 4838 1774312 1869086 56054849 57665633 4425637 4237338 679470 714060 62934268 64486117 3402891 3207718 0 0 33636449 34722498 0 33141 711455 19478240 19661795 56517580 57625152 6416688 6860965 183567349 187379680 45051189 43725941 138516160 143653739 X TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 0 0 36260317 3207718 54001826 THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,662 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/15. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING NINE GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING. 5918330 4236332 THE UNIVERSITY HOUSES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH QUALITY, COST EFFICIENT PATIENT CARE. THE MULTI-SPECIALITY FACULTY GROUP CONSISTING OF 34 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR MORE THAN 39,000 PATIENT VISITS ACROSS 5 SPECIALTIES. CLINIC STAFF AND PROVIDERS WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS SUCH AS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY'S CLINIC HAS RECENTLY ENGAGED IN SERVING THE GROWING IMMIGRANT AND REFUGEE POPULATION. IN THE LAST FISCAL YEAR THE UNIVERSITY'S CLINIC PROVIDED APPROXIMATELY 800 REFUGEE PHYSICALS AND FOLLOW UP APPOINTMENTS. THE UNIVERSITY'S CLINIC PROVIDES FREE OR DISCOUNTED HEALTH CARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY, AND ALSO SERVES MEDICARE AND MEDICAID PATIENTS TO BENEFIT THE COMMUNITY IT SERVES. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL SOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. 42178647 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1974 0 1 1224 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK IL KY MA MD MI NH NY OH OK OR SC WI X ELIZABETH A BROSNAHAN 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 ARTHUR E ANGOVE DO TRUSTEE 2.00 0.00 X 0 0 0 GILBERT S BUCHOLZ DO TRUSTEE 2.00 0.00 X 0 0 0 ELLEN E CHAFFEE PHD TRUSTEE 2.00 0.00 X 0 0 0 ERIC T CROWELL TRUSTEE 2.00 0.00 X 0 0 0 BERNARD M FELDMAN DO TRUSTEE 2.00 0.00 X 0 0 0 CHARLES A FINCH DO TRUSTEE 2.00 0.00 X 0 0 0 JAMES A GREKIN DO TRUSTEE 2.00 0.00 X 0 0 0 MARCIA L HAMMERS TRUSTEE 2.00 0.00 X 0 0 0 C RENEE HARDMAN TRUSTEE 2.00 0.00 X 0 0 0 W HAL HATCHETT DPM TRUSTEE 2.00 0.00 X 0 0 0 VICTORIA L HERRING JD TRUSTEE 2.00 0.00 X 0 0 0 MAX T MCKINNEY DO TRUSTEE 2.00 0.00 X 0 0 0 NICKI NIGRO DPM TRUSTEE 2.00 0.00 X 0 0 0 MARY A RADIA DO TRUSTEE,GUEST LECTURER 2.00 0.00 X 3050 0 0 ROBERT P RITZ TRUSTEE 2.00 0.00 X 0 0 0 STANLEY E SKOPIT DO TRUSTEE 2.00 0.00 X 0 0 0 SAMUEL T WALLACE TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL C WITTE DO TRUSTEE 2.00 0.00 X 0 0 0 LARRY J BAKER DO CHAIR 2.00 0.00 X X 0 0 0 C ARTHUR WITTMACK CHAIR-ELECT 2.00 0.00 X X 0 0 0 STEPHEN M MORAIN JD VICE CHAIR 2.00 0.00 X X 0 0 0 JAY CHRISTENSEN TREASURER,GUEST LECTURER 2.00 0.00 X X 300 0 0 BARRY BRAVER DO SECRETARY 2.00 0.00 X X 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 40.00 0.00 X 525151 0 38309 KAREN MCLEAN PHD PROVOST 40.00 0.00 X 299241 0 41058 MARK J PEIFFER CFO 40.00 1.00 X 245431 0 23025 JAMES POLK DO DEAN 40.00 1.00 X 329979 0 38555 JODI CAHALAN PHD DEAN 40.00 0.00 X 210051 0 40263 ROBERT YOHO DPM DEAN 40.00 0.00 X 239150 0 32331 GEORGE CLAVENNA DO FACULTY 40.00 0.00 X 340227 0 31731 JOSE FIGUEROA CASANOVA DO FACULTY 40.00 0.00 X 241827 0 27226 GEORGE B KLOCK DO FACULTY 40.00 0.00 X 263639 0 31162 DAVID PLUNDO DO ASSOCIATE DEAN 40.00 1.00 X 241251 0 24188 BRET RIPLEY DO FACULTY 40.00 0.00 X 265063 0 29787 KENDALL REED DO FORMER DEAN 0.00 0.00 X 415024 0 9149 3619384 0 366784 67 1 1 0 THE WALDINGER CORPORATION 2601 BELL AVE DES MOINES IA 50321 GENERAL CONTRACTOR 1317048 SEI INVESTMENTS ONE FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 529334 GTG CONSTRUCTION LLC 5637 RITTGERS COURT JOHNSTON IA 50131 GENERAL CONTRACTOR 517943 ARAMARK 825 SW IRVINEDALE DR ANKENY IA 50023 FOOD SERVICE 500347 ENCORE ONE LLC 1717 UNIVERSITY AVENUE WEST ST PAUL MN 55104 CLEANING SERVICE 478893 21 317041 397612 1154433 58590 1869086 TUITION & FEES 611710 53429301 53429301 PATIENT CARE 621110 4236332 4236332 57665633 2400450 6935 2393515 219949 68863 151086 151086 151086 9319016 7482128 1836888 1836888 1836888 40517 317041 50068 -9551 -9551 CONFERENCE INCOME 900099 147835 147835 LEASED EMPLOYEES 541900 101978 101978 REBATE INCOME 900099 97344 97344 225368 225368 572525 64486117 58238158 6935 4371938 60000 60000 3147718 3147718 2125783 902105 1223678 25521672 20197091 4944472 380109 1818740 1426155 360032 32553 3451365 2468618 943083 39664 1804938 1372548 403193 29197 27901 27901 88172 88172 40031 40031 33141 33141 713466 713466 1604036 577469 1026545 22 418838 418838 1862453 1458690 381862 21901 2148955 646705 1502250 2087253 1730963 356290 518469 335968 135207 47294 177176 59002 56086 62088 909922 692616 217306 2980232 1944355 1035877 469503 83423 386080 AFFIL. CLINICAL PROGRAM 1909868 1909868 LIBRARY BOOKS & SUBSCRI 1483989 1483989 STUDENT EVENTS/ACTIVITI 535183 534635 548 CLINIC DRUGS/MEDICATION 274115 274115 1412233 832583 514164 65486 57625152 42178647 14735050 711455 1475 1475 8040695 11260549 343905 359442 524801 509391 5643511 5780293 1279391 1305860 79290149 41395879 40000511 37894270 94936278 95932211 27924957 29651681 4871825 4684508 183567349 187379680 4209566 3511150 5816934 5907282 2181372 2175556 28535000 27580000 525819 570247 3782498 3981706 45051189 43725941 X 123729836 127959235 6451983 7112151 8334341 8582353 138516160 143653739 183567349 187379680 X 6860965 -1489135 -234251 X 0 1 X 1 1 1 X 2250271 1699169 1221159 1774312 1869086 8813997 2250271 1699169 1221159 1774312 1869086 8813997 8813997 2715676 1966401 2833328 2644241 2613464 12773110 4356 3233 5371 1411 6935 21306 30293 30293 21638706 276564511 0.40730 X PART II, LINE 10 2010 OTHER AMOUNT OF 30,293 INCLUDES TAX REFUND INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 0 1 48802 1 0 0 48802 0 PART II-B, LINE 1: CERTAIN MEMBERS OF THE BOARD OF TRUSTEES, UNIVERSITY PERSONNEL, STUDENTS AND FRIENDS OF THE UNIVERSITY ATTEND VARIOUS ACTIVITIES WITH LEGISLATORS THROUGHOUT THE YEAR INCLUDING BOTH LOCAL/STATE AND NATIONAL EVENTS. THE UNIVERSITY HAS UTILIZED LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT IN PROVIDING DIRECTION, MONITORING AND ANALYSIS OF BILLS BEING INTRODUCED AT THE STATE OF IOWA LEGISLATURE. SUCH COUNSEL HAS PROVIDED GUIDANCE ON THE STATUS OF APPROPRIATIONS FOR EXISTING STATE OF IOWA LEGISLATION WHICH PROVIDES FINANCIAL SUPPORT TO UNIVERSITY STUDENTS. IN ADDITION, COUNSEL HAS BEEN PROVIDED ON PROPOSED LEGISLATION WHICH WOULD EXPAND SUCH FINANCIAL SUPPORT FOR STUDENTS. LOBBYING EXPENSES ALSO INCLUDE $8,771 OF EXECUTIVE MANAGEMENT STAFF AND TRAVEL EXPENSES TO WASHINGTON D.C. TO DISCUSS UNIVERSITY FUNDING OPPORTUNITIES AND LOBBYING ACTIVITIES RELATING TO CERTAIN FEDERAL REGULATIONS IMPACTING THE UNIVERSITY AND OTHER EDUCATIONAL INSTITUTIONS. 0 1 X 77142955 1152183 2744120 608072 4599013 713466 75118707 67612036 865124 14399129 730912 4459329 543093 77142955 59933917 763676 12306956 600466 4274745 517302 67612036 63995901 1021308 699486 1078219 4292452 412107 59933917 51279039 1057014 17175936 1020001 4238320 257767 63995901 0.79000 0.11000 0.10000 1 0 3430617 3430617 60154889 30747537 29407352 13166421 8622806 4543615 2538222 2025536 512686 37894270 200000 F SEI OFFSHORE OPPORTUNITY 6234309 F SEI STRUCTURED CREDIT 6333550 F SEI GLOBAL PRIVATE EQUITY 3433213 F SEI GPA PRIVATE EQUITY 78440 F SEI SPECIAL SITUATIONS 9307154 F SEI CORE PROPERTY 4065015 F 29651681 INTEREST RATE SWAP LIABILITY 3981706 3981706 X 59972036 -1489135 11695 -199208 -1676648 61648684 2837433 2837433 64486117 54834457 11695 118931 130626 54703831 2921321 2921321 57625152 PART IV, LINE 2B: FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $390,331. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $177,316. RENT DEPOSITS HELD IN CUSTODY TOTAL $2,600. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS, ESTABLISH RESEARCH FUNDS FOR FACULTY, AND SUPPORT PROGRAMS AND FACILITIES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF JUNE 30, 2015 AND 2014, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2011 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -199,208. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -68,863. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -50,068. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 2,956,364. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 68,863. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 50,068. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 2,956,364. LOSSES ON UNCOLLECTIBLE PLEDGES REPORTED AS EXPENSE ON AUDITED F/S -35,043. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DURING REGISTRATION BECAUSE PARAGRAPH 4.03-2(B) OF REV. PROC. 75-50 APPLIES. THE NONDISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED ADMISSIONS PUBLICATIONS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE RECEIVED INCLUDES AMOUNTS FROM THE US DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES. US DEPARTMENT OF EDUCATION PROGRAMS PROVIDING FUNDS INCLUDE THE FEDERAL DIRECT LOAN PROGRAM, THE FEDERAL PERKINS LOAN PROGRAM AND FEDERAL WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15541463 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT AND FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 39583 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT AND FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 15974 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 3658 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 4048 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 8065 0 0 0 0 0 0 15612791 0 15612791 1 0 0 1 1 0 X X X X X X X 1 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW PO BOX 301 CEDAR RAPIDS IA 52404 TELE-FUNDRAISING 0 87046 33141 53905 87046 33141 53905 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV SCHOL DINNER 280633 253813 26820 545 30771 5035 SCHOL GOLF BENEFIT 65973 58348 7625 3708 3396 609 1 10952 4880 6072 6004 357558 317041 40517 4253 34167 11648 50068 -9551 1 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 501(C)(3) 60000 GENERAL SUPPORT 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 330 2956364 FEDERAL WORK STUDY PROGRAM 67 191354 PART I, LINE 2: THE UNIVERSITY ATTEMPTS TO MAKE ADEQUATE FINANCIAL ASSISTANCE AVAILABLE TO STUDENTS WITHIN THE LIMITS OF EACH STUDENT BUDGET AND THE AVAILABILITY OF FUNDS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL PROMISE, LEADERSHIP POTENTIAL, FINANCIAL NEED AND/OR SPECIFIC GUIDELINES ESTABLISHED BY DONORS. FINANCIAL NEED IS DETERMINED ON THE BASIS OF INFORMATION PROVIDED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ADDITIONALLY, THE UNIVERSITY MAKES AVAILABLE FEDERAL WORK STUDY FUNDS TO STUDENTS IN WHICH ELIGIBLE AWARD AMOUNTS ARE ALSO BASED ON FINANCIAL NEED INFORMATION PROVIDED WITHIN THE FAFSA. WORK STUDY EXPENDED AND AVAILABLE FUNDS ARE TRACKED AND REVIEWED THROUGHOUT THE YEAR. THE UNIVERSITY ALSO ASSISTED BY PROVIDING FUNDS FOR GENERAL OPERATIONAL SUPPORT TO THE HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK, A CHARITABLE ORGANIZATION ESTABLISHED TO PROMOTE AND SUPPORT COLLABORATION OF MEMBER MEDICAL AND EDUCATION INSTITUTIONS IN EDUCATION AND TRAINING FOR MEDICAL STUDENTS,INTERNS AND RESIDENTS. X X 0 1 X X X 1 1 0 0 0 0 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 493463 0 25080 0 6608 0 17250 0 21059 0 563460 0 0 0 KAREN MCLEAN PHD PROVOST 296963 0 75 0 2203 0 17500 0 23558 0 340299 0 0 0 MARK J PEIFFER CFO 245181 0 250 0 0 0 17500 0 5525 0 268456 0 0 0 JAMES POLK DO DEAN 329913 0 5 0 61 0 17497 0 21058 0 368534 0 0 0 JODI CAHALAN PHD DEAN 209740 0 250 0 61 0 17500 0 22763 0 250314 0 0 0 ROBERT YOHO DPM DEAN 237903 0 10 0 1237 0 17500 0 14831 0 271481 0 0 0 GEORGE CLAVENNA DO FACULTY 335212 0 250 0 4765 0 17500 0 14231 0 371958 0 0 0 JOSE FIGUEROA CASANOVA DO FACULTY 237666 0 4100 0 61 0 8750 0 18476 0 269053 0 0 0 GEORGE B KLOCK DO FACULTY 263629 0 10 0 0 0 17500 0 13662 0 294801 0 0 0 DAVID PLUNDO DO ASSOCIATE DEAN 241056 0 195 0 0 0 17500 0 6688 0 265439 0 0 0 BRET RIPLEY DO FACULTY 257371 0 7295 0 397 0 17500 0 12287 0 294850 0 0 0 KENDALL REED DO FORMER DEAN 63377 0 0 0 351647 0 6149 0 3000 0 424173 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. THE ORGANIZATION ALSO PAYS TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE FOR TRAVEL TO CERTAIN UNIVERSITY EVENTS AND IS REFLECTED APPROPRIATELY ON THE PRESIDENT'S W-2. PART I, LINE 1B THE ORGANIZATION'S PAYMENT OF SOCIAL CLUB DUES AND SPOUSAL TRAVEL FOR THE PRESIDENT ARE INCLUDED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES. MONTHLY INVOICES ARE REVIEWED BY THE CFO FOR BUSINESS PURPOSES. ANY PERSONAL ITEM IS REQUIRED TO BE PAID TO THE CLUB ON THE DATE OF THE TRANSACTION. PRESIDENT TRAVEL EXPENSES INCLUDING SPOUSAL TRAVEL IS ALSO REVIEWED BY THE CFO. PART I, LINES 4A-B KENDALL REED, FORMER DEAN, RECEIVED A LUMP-SUM PAYMENT OF $336,907 UPON DISCONTINUING EMPLOYMENT WITH THE UNIVERSITY. THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR CERTAIN EMPLOYEES. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE DISCRETIONARY CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. THERE WERE NO CONTRIBUTIONS MADE DURING CALENDAR YEAR 2014 AS THE PLAN WAS ESTABLISHED DURING FISCAL YEAR 2015 WITH FUNDING SCHEDULED ANNUALLY IN JUNE. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460RF5 2003-06-25 22700000 CONSTRUCT AND FURNISH EDUCATION CENTER 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460SL1 2004-06-02 13785000 REFUNDED PRIOR ISSUE (05/10/95) 0 0 0 A 3325000 23083276 241704 83035 22058537 700000 2005 0 0 1 1 B 5580000 14132740 156560 24693 224550 13726938 2004 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 1 1 0 0 1 1 B 0 0 0 1 1 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2007 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2005 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C NOTE REGARDING THE REBATE COMPUTATIONS: SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. X 5 58590 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 6:VOLUNTEERS VOLUNTEERS ARE MADE UP OF BOARD MEMBERS, GUEST CLASSROOM LECTURERS, PRECEPTORS FOR CLINICAL ROTATION AND STUDENT VOLUNTEERS FOR COMMUNITY SERVICE ACTIVITIES. FORM 990, PART I, LINE 5:EMPLOYEES THE NUMBER OF INDIVIDUALS EMPLOYED DURING CALENDAR YEAR 2014 INCLUDES 177 GUEST LECTURERS AND 525 STUDENT TEACHING AND RESEARCH ASSISTANTS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED SEVERAL PROVISIONS OF ITS ARTICLES OF INCORPORATION INCLUDING 1) BOARD COMPOSITION PROVISIONS WERE UPDATED TO REMOVE REQUIREMENT THAT MAJORITY OF BOARD CONSISTS OF DOCTORS OF OSTEOPATHIC MEDICINE AND ADDED PROVISION THAT ONE-THIRD OF BOARD MUST BE GRADUATES OF THE ORGANIZATION; 2) MODIFIED DISSOLUTION PROVISION TO REFLECT RESIDUAL ASSETS ARE TO BE TRANSFERRED TO 501(C)(3) ORGANIZATIONS OR TO FED/STATE/LOCAL GOVERNMENT FOR PUBLIC PURPOSES. FORM 990, PART VI, SECTION B, LINE 11 BEFORE FORM 990 IS FILED, AN ELECTRONIC COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS ON THE BOARD OF TRUSTEES' PORTAL. THE AUDIT AND COMPLIANCE COMMITTEE MEETS TO REVIEW FORM 990 AND VOTES TO APPROVE FILING OF THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL TRUSTEES, THE PRESIDENT, AND EXECUTIVE LEADERSHIP TEAM MEMBERS WITH THE UNIVERSITY MUST COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY, INCLUDING INITIAL DISCLOSURE AT THE BEGINNING OF THEIR SERVICE, AND DISCLOSE ANY NEW POTENTIAL CONFLICTS AS THEY DEVELOP. THE CHIEF COMPLIANCE OFFICER REVIEWS INITIAL AND ANNUAL DISCLOSURE STATEMENTS AND POTENTIAL CONFLICTS ARE REVIEWED ANNUALLY BY THE AUDIT AND COMPLIANCE COMMITTEE. THE POLICY IS ADMINISTERED BY THE CHAIR OF THE BOARD FOR THE BOARD OF TRUSTEES AND THE PRESIDENT. THE POLICY IS ADMINISTERED BY THE CHIEF COMPLIANCE OFFICER FOR EXECUTIVE LEADERSHIP TEAM MEMBERS. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. A CONFLICT OF INTEREST EXISTS (1) WHEN AN INDIVIDUAL OBTAINS OR APPEARS TO OBTAIN AN IMPROPER GAIN OR ADVANTAGE AS A RESULT OF HIS/HER ACTIVITIES ON BEHALF OF THE UNIVERSITY, (2) WHEN HIS/HER ACTIVITIES ADVANCE OR APPEAR TO ADVANCE HIS/HER OWN INTERESTS OR THOSE OF ANOTHER RATHER THAN THE INTERESTS OF THE UNIVERSITY, OR (3) WHEN HIS/HER ACTIONS ADVERSELY AFFECT OR APPEAR TO ADVERSELY AFFECT THE BEST INTERESTS OF THE UNIVERSITY. INDIVIDUALS SHALL NOT PARTICIPATE IN DISCUSSIONS, VOTES, OR OTHER REPRESENTATIONS ON PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A METHOD AND PROCESS WHICH INCLUDES GATHERING COMPARATIVE DATA FROM EXTERNAL SOURCES FOR RATING POSITIONS AND DETERMINING COMPENSATION. SALARY RANGES HAVE BEEN ESTABLISHED FOR ALL UNIVERSITY POSITIONS BASED ON MARKET VALUE. IN INSTANCES WHERE SUFFICIENT COMPARATIVE DATA IS NOT AVAILABLE, THE ORGANIZATION UTILIZES MEMBERSHIP IN AN EMPLOYER'S ASSOCIATION WHICH PROVIDES HUMAN RESOURCES SERVICES IN SEVERAL AREAS INCLUDING HR CONSULTING, COMPENSATION, AND COMPLIANCE. THE EXECUTIVE COMMITTEE REVIEWS SALARIES AND RANGES OF EXECUTIVE LEADERSHIP TEAM MEMBERS IN MAY FOR SALARIES EFFECTIVE THE FOLLOWING JULY 1ST. THIS INCLUDES SALARIES FOR THE POSITIONS OF CHIEF FINANCIAL OFFICER, PROVOST, DEANS, VICE PRESIDENTS, CHIEF INFORMATION OFFICER, CHIEF COMPLIANCE OFFICER, CHIEF DEVELOPMENT OFFICER, AND CHIEF HUMAN RESOURCES OFFICER. FOR THE UNIVERSITY PRESIDENT/CEO, THE EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND EVALUATES THE PRESIDENT'S CONTRACT AND ASSOCIATED SALARY BASED UPON COMPARABLE DATA AND ESTABLISHED RANGES. THE PERFORMANCE EVALUATION IS AN IMPORTANT COMPONENT OF THE EVALUATION PROCESS. THE BOARD OF TRUSTEES APPROVES PRESIDENT'S CONTRACT AND SALARY BASED UPON COMPARABLE DATA AND PRESIDENT'S PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 AUDIT REPORT IS MADE AVAILABLE ONLINE THROUGH THE MUNICIPAL SECURITIES RULEMAKING BOARD WEBSITE FOR ELECTRONIC MUNICIPAL MARKET ACCESS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -199,208. LOSSES ON UNCOLLECTIBLE PLEDGES -35,043. HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 EDUCATION AND TRAINING FOR MEDICAL STUDENTS, INTERNS AND RESIDENTS IA 501(C)(3) LINE 11A, I DES MOINES UNIVERSITY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK B 60000 GAAP HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK Q 104725 GAAP