DRAKE UNIVERSITY: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- DRAKE UNIVERSITY (EIN 42-0680460)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-10-27
- IRS object ID
- 201413009349301051
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-10-27T13:45:13-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420794029 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENMAN & COMPANY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 22ND STREET SUITE 400 | AddressLine1 |
| City | WEST DES MOINES | City |
| State | IA | State |
| ZIP Code | 502661453 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRAKE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DRAK | BusinessNameControlTxt |
| Phone | 5152713710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVENUE | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 503114505 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBORAH C NEWSOM | PersonNm |
| Person Title | VICE PRESIDENT & TREASURER | PersonTitleTxt |
| Phone | 5152713710 | PhoneNum |
| Signature | 2014-10-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRUCE CAHILL | PreparerPersonNm |
| PTIN | P00546325 | PTIN |
| Phone | 5152258400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR DAVID E MAXWELL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVENUE | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 503114505 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $237,941,496 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.DRAKE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1881 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 42 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 41 | VotingMembersIndependentCnt |
| Total Employee | 3521 | TotalEmployeeCnt |
| Total Volunteers | 2973 | TotalVolunteersCnt |
| Total Gross UBI | $274,048 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $52,815 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,961,990 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,446,312 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,093,361 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $160,636,699 | CYProgramServiceRevenueAmt |
| PY Investment Income | $314,017 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,860,082 | CYInvestmentIncomeAmt |
| PY Other Revenue | $86,939 | PYOtherRevenueAmt |
| CY Other Revenue | $2,949,279 | CYOtherRevenueAmt |
| PY Total Revenue | $10,456,307 | PYTotalRevenueAmt |
| CY Total Revenue | $196,892,372 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $114,880 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $51,715,003 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,806,515 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $85,258,215 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $1,250 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $23,250 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,934,617 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,390,276 | PYOtherExpensesAmt |
| CY Other Expenses | $51,044,838 | CYOtherExpensesAmt |
| PY Total Expenses | $7,312,921 | PYTotalExpensesAmt |
| CY Total Expenses | $188,041,306 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,143,386 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,851,066 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $400,477,744 | TotalAssetsBOYAmt |
| Total Assets EOY | $424,476,139 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $103,589,054 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $99,430,737 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $296,888,690 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $325,045,402 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $164,161,768 | ExpenseAmt |
| Grant | $51,715,003 | GrantAmt |
| Revenue | $160,658,243 | RevenueAmt |
| Desc | DRAKE UNIVERSITY IS A NATIONAL COEDUCATIONAL, INDEPENDENT AND PRIVATE UNIVERSITY WITH OVER 5,000 STUDENTS. DRAKE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF SCHOOLS AND COLLEGES. | Desc |
| Total Program Service Expenses | $164,161,768 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7272 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3521 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | GK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 42 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 41 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBORAH NEWSOM | PersonNm |
| Phone | 5152713710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2507 UNIVERSITY AVENUE | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50311 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JOE AIELLO | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GRETCHEN BATAILLE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HERBERT M BAUM | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES BRUNER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHNNIE CARSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICIA HINES COWNIE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD S CUSAC | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SALLY DAVIS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DONALD LEE DECKER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM W DRURY JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK ERNST | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PEGGY FISHER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DONALD H FLETCHER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID GOLDER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DICK HARTIG | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAIN HAYES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANNE HILTON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES W HUBBELL III | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL E JACOBI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT JOHNSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM CLARE KNAPP II | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CATHRYN LACY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JUSTICE DOUGLAS S LANG | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL W LEAVITT | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CYNTHIA LESHER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID MAXWELL | |||||||
| PRESIDENT | 40.00 | Yes (X) | $400,874 | $0 | $182,186 | Yes (X) | |
| PATRICK MEYER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID MILES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SUKU RADIA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS J ROSSLEY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBBIE SCRIPPS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR JOHN JOSEPH SHUFELDT JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM E SMITH | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARSHA TERNUS | |||||||
| TRUSTEE - RESIGNED | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RUDOLPH D TREBELS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BENJAMIN B ULLEM | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDSAY WHORTON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| W ANDREW WRIGHT III | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY D ZIMPLEMAN | |||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL DOUCETTE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDY EDEKER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES H EWOLDT | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM WALLACE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA RYAN | |||||||
| SECRETARY | 40.00 | $83,442 | $0 | $12,184 | Yes (X) | ||
| DEBORAH NEWSOM | |||||||
| VP - BUSINESS & FINANCE | 40.00 | $220,831 | $0 | $29,251 | Yes (X) | ||
| JOHN SMITH | |||||||
| VP - INSTITUTIONAL ADVANCEMENT | 40.00 | $176,041 | $0 | $25,244 | Yes (X) | ||
| THOMAS DELAHUNT III | |||||||
| VP - ADMISSIONS & FINANCIAL AID | 40.00 | $184,280 | $0 | $26,615 | Yes (X) | ||
| DENEESE JONES | |||||||
| PROVOST | 40.00 | $205,883 | $0 | $22,615 | Yes (X) | ||
| MARK PHELPS | |||||||
| FORMER HEAD COACH - MEN'S BASKETBALL | 40.00 | $337,015 | $0 | $7,041 | Yes (X) | ||
| RAYMOND GIACOLETTI | |||||||
| HEAD COACH - MEN'S BASKETBALL | 40.00 | $302,184 | $0 | $24,558 | Yes (X) | ||
| ALLAN VESTAL | |||||||
| DEAN - LAW SCHOOL | 40.00 | $259,412 | $0 | $32,411 | Yes (X) | ||
| NEIL HAMILTON | |||||||
| PROFESSOR OF LAW | 40.00 | $203,301 | $0 | $26,794 | Yes (X) | ||
| CHARLES EDWARDS JR | |||||||
| DEAN - CBPA & SJMC | 40.00 | $199,601 | $0 | $27,305 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,572,864 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $416,204 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 129 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 606740048 | FOOD SERVICE | $7,486,675 |
| WEITZ COMPANY INC | |||||
| 5901 THORNTON AVENUE | DES MOINES | IA | 503212403 | CONSTRUCTION PROJECTS | $5,137,170 |
| DES MOINES INDEPENDENT SCHOOLS | |||||
| 901 WALNUT STREET | DES MOINES | IA | 503093506 | HEAD START PROGRAM | $1,551,409 |
| ROYALL AND COMPANY | |||||
| 1920 E PARHAM RD | RICHMOND | VA | 232282206 | STUDENT MKT/RESEARCH PGMS | $740,030 |
| C GREEN CONTRACTOR INC | |||||
| 3901 SW 56TH STREET | DES MOINES | IA | 503219649 | CONCRETE PROJECTS | $604,441 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 62 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $6,375 | FundraisingAmt |
| Government Grants | $8,988,122 | GovernmentGrantsAmt |
| All Other Contributions | $20,451,815 | AllOtherContributionsAmt |
| Noncash Contributions | $3,229,953 | NoncashContributionsAmt |
| Total Contributions | $29,446,312 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| STUDENT TUITION & FEES | 611710 | $136,928,115 | $136,928,115 | |
| CONTRACT INCOME - RES | 721310 | $8,366,035 | $8,366,035 | |
| CONTRACT MEALS - FOOD | 722100 | $7,744,013 | $7,744,013 | |
| SPORTS INCOME | 711210 | $5,822,452 | $5,822,452 | |
| OTHER INSTRUCTIONAL PR | 611710 | $472,325 | $472,325 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,303,759 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $431,425 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $242,050 | UnrelatedBusinessRevenueAmt |
| Exclusion | $630,284 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $160,636,699 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,767,858 | TotalRevenueColumnAmt |
| Exclusion | $2,767,858 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,704 | TotalRevenueColumnAmt |
| Exclusion | $21,704 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,334,147 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $479,427 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $854,720 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $854,720 | TotalRevenueColumnAmt |
| Exclusion | $854,720 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $41,254,451 | SecuritiesAmt |
| Other | $379,738 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $40,070,653 | SecuritiesAmt |
| Other | $471,312 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,183,798 | SecuritiesAmt |
| Other | -$91,574 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,092,224 | TotalRevenueColumnAmt |
| Exclusion | $1,092,224 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $14,945 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $6,375 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $27,732 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,787 | TotalRevenueColumnAmt |
| Exclusion | -$12,787 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| OTHER INCOME | 611710 | $2,064,098 | $10,454 | $2,053,644 |
| ALUMNI FEES | 611710 | $15,488 | $15,488 | |
| ATHLETIC PHOTO SALES | 453220 | $6,056 | $6,056 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,085,642 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $196,892,372 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $143,181,992 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $274,048 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,990,020 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,715,003 | TotalAmt |
| Program Services | $51,715,003 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,464,179 | TotalAmt |
| Program Services | $408,423 | ProgramServicesAmt |
| Management And General | $871,481 | ManagementAndGeneralAmt |
| Fundraising | $184,275 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,496,690 | TotalAmt |
| Program Services | $54,833,657 | ProgramServicesAmt |
| Management And General | $5,610,588 | ManagementAndGeneralAmt |
| Fundraising | $2,052,445 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,298,140 | TotalAmt |
| Program Services | $3,449,291 | ProgramServicesAmt |
| Management And General | $695,524 | ManagementAndGeneralAmt |
| Fundraising | $153,325 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,603,214 | TotalAmt |
| Program Services | $7,447,388 | ProgramServicesAmt |
| Management And General | $4,754,760 | ManagementAndGeneralAmt |
| Fundraising | $401,066 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,395,992 | TotalAmt |
| Program Services | $3,536,411 | ProgramServicesAmt |
| Management And General | $711,630 | ManagementAndGeneralAmt |
| Fundraising | $147,951 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,930 | TotalAmt |
| Program Services | $63,760 | ProgramServicesAmt |
| Management And General | $472,170 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,829 | TotalAmt |
| Management And General | $243,829 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,723 | TotalAmt |
| Program Services | $3,723 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,250 | TotalAmt |
| Fundraising | $23,250 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,600 | TotalAmt |
| Management And General | $203,600 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,914,344 | TotalAmt |
| Program Services | $5,232,648 | ProgramServicesAmt |
| Management And General | $439,326 | ManagementAndGeneralAmt |
| Fundraising | $242,370 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $501,850 | TotalAmt |
| Program Services | $211,311 | ProgramServicesAmt |
| Management And General | $289,847 | ManagementAndGeneralAmt |
| Fundraising | $692 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,149,007 | TotalAmt |
| Program Services | $875,264 | ProgramServicesAmt |
| Management And General | $101,407 | ManagementAndGeneralAmt |
| Fundraising | $172,336 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,047,770 | TotalAmt |
| Program Services | $3,854,751 | ProgramServicesAmt |
| Management And General | $55,159 | ManagementAndGeneralAmt |
| Fundraising | $137,860 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,927,453 | TotalAmt |
| Program Services | $1,927,453 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,989,875 | TotalAmt |
| Program Services | $7,913,421 | ProgramServicesAmt |
| Management And General | $76,454 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $658,735 | TotalAmt |
| Program Services | $10,664 | ProgramServicesAmt |
| Management And General | $648,071 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UNRELATED BUS INC TAX | $642 | $642 | ||
| CONTRACTS & LEASES | $10,492,502 | $1,318,593 | $9,137,477 | $36,432 |
| DUES & SUBSCRIPTIONS | $3,322,625 | $629,446 | $2,664,510 | $28,669 |
| ATHLETICS GAME EXPENSES | $2,853,839 | $2,853,839 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,199,114 | TotalAmt |
| Program Services | $8,022,774 | ProgramServicesAmt |
| Management And General | $2,822,394 | ManagementAndGeneralAmt |
| Fundraising | $353,946 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,041,306 | TotalAmt |
| Program Services | $164,161,768 | ProgramServicesAmt |
| Management And General | $19,944,921 | ManagementAndGeneralAmt |
| Fundraising | $3,934,617 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,461,199 | BOYAmt |
| EOY | $27,888,012 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,642,313 | BOYAmt |
| EOY | $10,225,577 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,867,919 | BOYAmt |
| EOY | $16,197,065 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,151,253 | BOYAmt |
| EOY | $3,215,684 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,238,842 | BOYAmt |
| EOY | $12,135,841 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,949 | BOYAmt |
| EOY | $119,515 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,553,631 | BOYAmt |
| EOY | $1,394,145 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $290,137,054 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $113,371,884 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,571,251 | BOYAmt |
| EOY | $176,765,170 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,712,484 | BOYAmt |
| EOY | $89,914,276 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,654,915 | BOYAmt |
| EOY | $85,537,677 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,471,988 | BOYAmt |
| EOY | $1,083,177 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $400,477,744 | BOYAmt |
| EOY | $424,476,139 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,754,504 | BOYAmt |
| EOY | $23,967,238 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,658,863 | BOYAmt |
| EOY | $12,831,381 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,901,281 | BOYAmt |
| EOY | $5,390,698 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,550,000 | BOYAmt |
| EOY | $47,225,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,724,406 | BOYAmt |
| EOY | $10,016,420 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,589,054 | BOYAmt |
| EOY | $99,430,737 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,978,293 | BOYAmt |
| EOY | $165,493,762 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,122,102 | BOYAmt |
| EOY | $45,592,364 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,788,295 | BOYAmt |
| EOY | $113,959,276 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $296,888,690 | BOYAmt |
| EOY | $325,045,402 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $400,477,744 | BOYAmt |
| EOY | $424,476,139 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $8,851,066 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $18,958,543 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $347,103 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A: | FormAndLineReferenceDesc |
| Explanation | DRAKE UNIVERSITY'S FIRST PRIOR TAX YEAR WAS A SHORT YEAR BEGINNING JUNE 1, 2013 AND ENDING JUNE 30, 2013. THE CHANGE IN ACCOUNTING PERIOD WAS AN AUTOMATIC CHANGE AS DETAILED IN REV. PROC. 85-58. DRAKE UNIVERSITY HAD NOT PREVIOUSLY CHANGED ITS YEAR END WITHIN THE 10-CALENDAR-YEAR PERIOD THAT INCLUDED THE BEGINNING OF THE SHORT PERIOD. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $3,723 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $3,723 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | DRAKE UNIVERSITY PAYS DUES TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGE AND UNIVERSITIES. A PORTION OF THESE DUES ARE USED FOR LOBBYING. THIS PORTION IS TREATED AS A GRANT TO OTHER ORGANIZATIONS FOR LOBBYING EXPENSES. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $169,021,448 | BeginningYearBalanceAmt |
| Contributions | $2,003,514 | ContributionsAmt |
| Investment Earnings Or Losses | $23,420,674 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,054,300 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,928,308 | OtherExpendituresAmt |
| Administrative Expenses | $179,650 | AdministrativeExpensesAmt |
| End Year Balance | $186,283,378 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $168,619,244 | BeginningYearBalanceAmt |
| Contributions | $2,441,985 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,039,781 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $169,021,448 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $149,284,407 | BeginningYearBalanceAmt |
| Contributions | $5,940,392 | ContributionsAmt |
| Investment Earnings Or Losses | $20,558,219 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,782,068 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,228,720 | OtherExpendituresAmt |
| Administrative Expenses | $152,986 | AdministrativeExpensesAmt |
| End Year Balance | $168,619,244 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $153,404,794 | BeginningYearBalanceAmt |
| Contributions | $5,749,779 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,206,609 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,673,298 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,807,232 | OtherExpendituresAmt |
| Administrative Expenses | $183,027 | AdministrativeExpensesAmt |
| End Year Balance | $149,284,407 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $135,714,667 | BeginningYearBalanceAmt |
| Contributions | $5,217,057 | ContributionsAmt |
| Investment Earnings Or Losses | $19,399,641 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,803,072 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,896,625 | OtherExpendituresAmt |
| Administrative Expenses | $226,874 | AdministrativeExpensesAmt |
| End Year Balance | $153,404,794 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.28600 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.59620 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.11780 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $8,200,154 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $24,863,275 | OtherCostOrOtherBasisAmt |
| Book Value | $33,063,429 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $187,591,972 | OtherCostOrOtherBasisAmt |
| Depreciation | $78,759,992 | DepreciationAmt |
| Book Value | $108,831,980 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $61,821,253 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,611,892 | DepreciationAmt |
| Book Value | $27,209,361 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,660,400 | OtherCostOrOtherBasisAmt |
| Book Value | $7,660,400 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $176,765,170 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CASH SURRENDER VALUE - LIFE INSURANCE | $4,418,886 | F |
| FUNDS HELD IN TRUST BY OTHERS | $10,634,123 | F |
| PRIVATE EQUITY FUNDS | $59,861,069 | F |
| PRIVATE COMMINGLED BOND FUNDS | $10,623,599 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $85,537,677 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $1,795,941 |
| INTEREST RATE SWAP AGREEMENT LIABILITY | $6,372,685 |
| REAL ESTATE DEPOSITS | $73,056 |
| AGENCY FUNDS | $132,296 |
| FIN 47 LIABILITY | $1,563,580 |
| CAPITAL LEASES PAYABLE | $78,862 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,016,420 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $164,510,747 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $18,958,543 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $347,103 | OtherRevenueAmt |
| Revenue Not Reported | $19,305,646 | RevenueNotReportedAmt |
| Revenue Subtotal | $145,205,101 | RevenueSubtotalAmt |
| Other Revenues Not Included | $51,687,271 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $51,687,271 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $196,892,372 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $136,354,035 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $27,732 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $27,732 | ExpensesNotReportedAmt |
| Expenses Subtotal | $136,326,303 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $51,715,003 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $51,715,003 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $188,041,306 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT CONSISTS OF DONOR GIFTS PLUS OTHER BOARD DESIGNATED FUNDS WHICH ARE DEEMED TO BE HELD AND INVESTED IN PERPETUITY. THE BOARD OF TRUSTEES APPROVES A SPENDING POLICY ANNUALLY FOR THE ENDOWMENT. ENDOWMENT EARNINGS ARE SPENT ON SCHOLARSHIPS AND AWARDS, GENERAL EDUCATION SUPPORT AND LIBRARIES, GENERAL UNIVERSITY OPERATIONS, AND FACULTY CHAIRS AND PROFESSORSHIPS IN ACCORDANCE WITH DONOR STIPULATIONS AND BOARD RESTRICTIONS. |
| PART X, LINE 2: | GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, JUNE 30, 2013, AND MAY 31, 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -66,357. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS 302,210. POSTRETIREMENT BENEFIT PLAN RELATED CHANGES 111,250. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 51,715,003. FUNDRAISING EVENT EXPENSES -27,732. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES 27,732. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 51,715,003. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | DRAKE UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF SEX, COLOR, RELIGION, NATIONAL OR ETHNIC ORIGINS, AGE, SEXUAL ORIENTATION, DISABILITY OR VETERAN DISABILITY STATUS IN ADMINISTRATION OF ITS POLICIES ENCOMPASSING THE ENTIRE UNIVERSITY. DRAKE RESERVES THE RIGHT TO TAKE AFFIRMATIVE ACTION IN CONNECTION WITH THIS POLICY. |
| SCHEDULE E, PART I, LINE 6 | DRAKE RECEIVES TITLE IV FINANCIAL AID FOR STUDENTS FROM THE DEPARTMENT OF EDUCATION PELL GRANT PROGRAM, SEOG, WORK STUDY PROGRAM, AND PERKINS LOAN PROGRAM. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 13 | PROGRAM SERVICES | LAW SCHOOL SUMMER PROGRAM FOR EDUCATIONAL CREDIT, POLITICAL SCIENCE SUMMER PROGRAM FOR EDUCATIONAL CREDIT, SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $387,644 |
| SOUTH AMERICA | 0 | 3 | PROGRAM SERVICES | SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $193,647 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 6 | PROGRAM SERVICES | SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $161,672 |
| SUB-SAHARAN AFRICA | 0 | 5 | PROGRAM SERVICES | SUSTAINABLE DEVELOPMENT SUMMER PROGRAM FOR EDUCATIONAL CREDIT, SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $127,997 |
| SOUTH ASIA | 0 | 2 | PROGRAM SERVICES | SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $66,680 |
| NORTH AMERICA | 0 | 2 | PROGRAM SERVICES | SHORT-TERM INSTRUCTIONAL TRIPS FOR EDUCATIONAL CREDIT. | $29,732 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 31 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Subtotal Spent | $967,372 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $967,372 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | THE FOREIGN EXPENDITURES ARE ACCOUNTED FOR ON AN ACCRUAL METHOD, WHICH IS THE SAME METHOD THAT IS USED ON THE UNIVERSITY'S FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTZ WHALEY FLESSNER INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7251 OHMS LANE | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55439 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $23,250 | RetainedByContractorAmt |
| Net To Organization | -$23,250 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $23,250 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$23,250 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BULLDOG CLUB GOLF TOURNAMENT 7/2013 | NameOfEvent1Amt |
| Gross Receipts Event1 | $9,635 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $5,375 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $4,260 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $120 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $5,555 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $5,599 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $2,507 | OtherDirectExpensesEvent1Amt |
| Name Of Event2 | BULLDOG CLUB GOLF TOURNAMENT 6/2014 | NameOfEvent2Amt |
| Gross Receipts Event2 | $11,685 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $1,000 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $10,685 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $357 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $6,444 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $5,196 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $1,954 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $21,320 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $6,375 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $14,945 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $477 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $11,999 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $10,795 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,461 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $27,732 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$12,787 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| DRAKE UNIVERSITY AWARDED STUDENT AID | 3509 | $48,859,681 |
| RESTRICTED/ENDOWED SCHOLARSHIPS | 712 | $2,855,322 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DRAKE UNIVERSITY HAS EMPLOYEES DEDICATED TO POST-AWARD REVIEW AND COMPLIANCE FOR ALL FEDERAL, STATE, AND PRIVATE GRANTS RECEIVED. IN ADDITION, DRAKE RECEIVES AN A-133 AUDIT ON AN ANNUAL BASIS FROM OUR EXTERNAL AUDIT FIRM. OUR FY13 A-133 AUDIT EXPRESSED AN UNQUALIFIED OPINION WITH NO FINDINGS, NO SIGNIFICANT DEFICIENCIES IN INTERNAL CONTROL, AND NO INSTANCES OF MATERIAL NONCOMPLIANCE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID MAXWELL | ||||||||||||||
| PRESIDENT | $351,919 | $0 | $10,000 | $0 | $38,955 | $0 | $170,400 | $0 | $11,786 | $0 | $583,060 | $0 | $0 | $0 |
| DEBORAH NEWSOM | ||||||||||||||
| VP - BUSINESS & FINANCE | $215,698 | $0 | $3,000 | $0 | $2,133 | $0 | $17,805 | $0 | $11,446 | $0 | $250,082 | $0 | $0 | $0 |
| JOHN SMITH | ||||||||||||||
| VP - INSTITUTIONAL ADVANCEMENT | $168,189 | $0 | $2,000 | $0 | $5,852 | $0 | $13,955 | $0 | $11,289 | $0 | $201,285 | $0 | $0 | $0 |
| THOMAS DELAHUNT III | ||||||||||||||
| VP - ADMISSIONS & FINANCIAL AID | $180,600 | $0 | $3,000 | $0 | $680 | $0 | $15,047 | $0 | $11,568 | $0 | $210,895 | $0 | $0 | $0 |
| DENEESE JONES | ||||||||||||||
| PROVOST | $199,981 | $0 | $3,000 | $0 | $2,902 | $0 | $16,187 | $0 | $6,428 | $0 | $228,498 | $0 | $0 | $0 |
| MARK PHELPS | ||||||||||||||
| FORMER HEAD COACH - MEN'S BASKETBALL | $61,782 | $0 | $0 | $0 | $275,233 | $0 | $4,194 | $0 | $2,847 | $0 | $344,056 | $0 | $0 | $0 |
| RAYMOND GIACOLETTI | ||||||||||||||
| HEAD COACH - MEN'S BASKETBALL | $279,096 | $0 | $0 | $0 | $23,088 | $0 | $15,683 | $0 | $8,875 | $0 | $326,742 | $0 | $0 | $0 |
| ALLAN VESTAL | ||||||||||||||
| DEAN - LAW SCHOOL | $255,194 | $0 | $0 | $0 | $4,218 | $0 | $20,859 | $0 | $11,552 | $0 | $291,823 | $0 | $0 | $0 |
| NEIL HAMILTON | ||||||||||||||
| PROFESSOR OF LAW | $201,869 | $0 | $0 | $0 | $1,432 | $0 | $15,289 | $0 | $11,505 | $0 | $230,095 | $0 | $0 | $0 |
| CHARLES EDWARDS JR | ||||||||||||||
| DEAN - CBPA & SJMC | $178,391 | $0 | $0 | $0 | $21,210 | $0 | $16,091 | $0 | $11,214 | $0 | $226,906 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A UNIVERSITY-OWNED RESIDENCE IS PROVIDED TO THE PRESIDENT. THIS IS A CONDITION OF EMPLOYMENT AND IS FOR THE CONVENIENCE OF THE EMPLOYER. THE RESIDENCE IS USED FOR MANY UNIVERSITY FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. A SOCIAL CLUB MEMBERSHIP IS PROVIDED TO THE PRESIDENT AND HEAD MEN'S BASKETBALL COACH FOR UNIVERSITY BUSINESS. ANY EXPENSES INCURRED THAT ARE NOT RELATED TO UNIVERSITY BUSINESS ARE PAID FOR PERSONALLY BY THE INDIVIDUALS. |
| PART I, LINES 4A-B | PRESIDENT MAXWELL (OFFICER & TRUSTEE) PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN DURING CALENDAR YEAR 2013. PRESIDENT MAXWELL'S DEFERRED COMPENSATION AGREEMENT IS REFERENCED IN HIS EMPLOYMENT CONTRACT WITH A SEPARATE PLAN AGREEMENT. $150,000 WAS ACCRUED AND EXPENSED IN MAY 2013 AND AN ADDITIONAL $165,000 WAS ACCRUED AND EXPENSED IN JUNE 2014. THE CUMULATIVE ACCRUED AMOUNT OF $315,000 WAS PAID OUT IN JUNE 2014. MARK PHELPS (HIGHLY COMPENSATED EMPLOYEE), THE HEAD MEN'S BASKETBALL COACH, RECEIVED A SEVERANCE PAYMENT OF $269,267 UPON TERMINATION IN APRIL 2013. THE PAYMENT WAS MADE IN ACCORDANCE WITH PROVISIONS CONTAINED IN HIS EMPLOYMENT CONTRACT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| IOWA FINANCE AUTHORITY | ||||||||
| A | 521699886 | 46247NAQ8 | 2007-04-05 | $22,598,791 | RENOVATION OF FACILITIES | 0 | 0 | 0 |
| IOWA FINANCE AUTHORITY | ||||||||
| B | 521699886 | 46246ABB9 | 2008-04-30 | $42,700,000 | REFUND PRIOR ISSUE (11/30/05) | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $8,470,000 | $23,523,792 | $267,150 | $185,429 | $23,071,213 | 2009 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $9,025,000 | $42,700,000 | $275,000 | 2004 | Yes (1) | 0 | Yes (1) | Yes (1) | $42,425,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROYAL BANK CANADA | |||||||||||
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | 1.500000000000 | Yes (1) | 0 | Yes (1) |
| (no name) | |||||||||||
| B | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | ||
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/05/2009 ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/30/2008 |
| SCHEDULE K, PART II, LINE 3, COLUMN A: | THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, LINE A, COLUMN (E) DUE TO INVESTMENT EARNINGS. |
| SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: | NOTE REGARDING THE REBATE COMPUTATIONS ON 4/5/2009 & 10/30/2008: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS NO FURTHER REBATE CALCULATIONS WERE NECESSARY. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 66 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,144,441 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | TRADING PRICE -DON. DATE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | PROGRAM EQUIP | 1 | $54,560 | APPRAISAL |
| Yes (X) | PROGRAM EQUIP | 35 | $24,147 | ITEMS < $5,000 EACH |
| Yes (X) | PROGRAM EQUIP | 1 | $6,805 | ACTUAL COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | DRAKE UNIVERSITY USES MERRILL LYNCH IN DES MOINES TO PROCESS AND SELL DONATED SECURITIES. DONORS TRANSFER SECURITIES INTO DRAKE'S ACCOUNT AT MERRILL LYNCH AND THE SECURITIES ARE IMMEDIATELY SOLD, PER BOARD DIRECTION. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD AUDIT COMMITTEE IS CHARGED WITH REVIEW OF THE FORM 990 ON BEHALF OF THE ENTIRE BOARD OF TRUSTEES. A COPY OF THE COMPLETE FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES VIA THE BOARD PORTAL. IN OCTOBER 2014, UPON COMPLETION OF THE CURRENT YEAR'S RETURN, BUSINESS & FINANCE STAFF, ALONG WITH DRAKE'S EXTERNAL TAX FIRM REVIEWED THE COMPLETED FORM 990 WITH THE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST FORM IS ANNUALLY COMPLETED BY EACH DRAKE UNIVERSITY TRUSTEE, OFFICER, AND KEY ADMINISTRATOR. THE FORM IS COLLECTED BY THE PRESIDENT'S OFFICE WHICH ENSURES ALL REQUESTED FORMS ARE RECEIVED. THE RESULTS ARE SENT TO THE OFFICE OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR FURTHER REVIEW AND MONITORING AS NEEDED. DRAKE'S EXTERNAL AUDIT FIRM ALSO REVIEWS FORMS AS PART OF THEIR ANNUAL AUDIT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE OF THE DRAKE UNIVERSITY BOARD OF TRUSTEES, COMPRISED OF NON-EMPLOYEES OF THE UNIVERSITY, REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE IS PROVIDED, BY DRAKE UNIVERSITY HUMAN RESOURCES, COMPARABILITY DATA FROM SEVERAL SOURCES, INCLUDING THE ANNUAL SURVEY CONDUCTED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). OVER 1,000 INSTITUTIONS PARTICIPATED IN THE SURVEY IN THE FALL OF 2013. RESULTS WERE PUBLISHED IN FEBRUARY OF 2014. THE CUPA-HR SALARY SURVEY TOOL ALLOWS DRAKE UNIVERSITY HUMAN RESOURCES TO CONDUCT A SURVEY OF SALARIES LIMITED TO DRAKE'S PEER GROUP. THIS EVALUATION IS PERFORMED ANNUALLY. THE COMMITTEE MAINTAINS MINUTES OF ITS MEETING PERTAINING TO SALARY DECISIONS AND COMPLETES CONTEMPORANEOUS SUBSTANTIATION OF ITS DELIBERATION AND DECISION. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S FORM 1023, FORM 990 AND FORM 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S AUDIT REPORT IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE BYLAWS OF THE ORGANIZATION ARE ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -66,357. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS 302,210. POSTRETIREMENT BENEFIT PLAN RELATED CHANGES 111,250. |
| FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT: | THE PROCESS FOR AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 8621, PART V, DISTRIBUTIONS FROM A SECTION 1291 FUND: | ALL AMOUNTS IN PART V OF THE VARIOUS FORM 8621'S SHOULD BE ZERO. DUE TO SYSTEM LIMITATIONS, ZEROS COULD NOT BE ENTERED IN EACH LINE. INSTEAD, THE SOFTWARE LEAVES EACH LINE BLANK. |
| FORM 926 - TRANSFERS TO FOREIGN CORPORATIONS: | DRAKE UNIVERSITY INDIRECTLY MADE TRANSFERS OF CASH TO MANY FOREIGN CORPORATIONS VIA PARTNERSHIP INVESTMENTS DURING THE YEAR. ONLY THREE OF THESE TRANSFERS EXCEEDED THE FORM 926 REPORTING THRESHOLD. |
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