2014-04-28T15:19:49-05:00 2013-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2012-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 MICHAEL POSTER 5633336329 2014-04-21 1 KAY HEGARTY P00091057 3192985333 2012 2015-11-30 17:44:51Z SISTER JOAN LESCINSKI 518 WEST LOCUST STREET DAVENPORT IA 52803 117554048 0 X SAU.EDU X 1885 IA ST AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 29 27 2052 110 300573 27538 4578046 6024511 85717187 92131093 4292242 3004208 183229 -86884 94770704 101072928 26475909 28978405 0 0 37722709 37473372 61423 124002 1866429 23662547 25224673 87922588 91800452 6848116 9272476 238596277 256741693 100238752 92034572 138357525 164707121 X ST. AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN, AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 25738275 75956235 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. THIRTEEN BACHELORS, FOURTEEN MASTERS AND TWO DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 28978405 28978405 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 7572313 STUDENT SERVICES: ST. AMBROSE SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS. 8517045 15924832 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS. 340695 INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT. 2508012 OTHER PROGRAM SERVICES INCLUDES INTEREST EXPENSE. 4509410 ACADEMIC SUPPORT 15875162 15924832 78164155 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 199 0 1 2052 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ LA MD MI NH SC WA X MICHAEL POSTER 5633336329 518 W LOCUST STREET DAVENPORT IA 52803 BISHOP MARTIN AMOS 1.00 X X 0 0 0 JOHN ANDERSON 1.00 X 0 0 0 SUSAN BALTHASAR 1.00 X 0 0 0 MICHAEL A BAUER 1.00 X X 0 0 0 RITA BAWDEN 1.00 X 0 0 0 TOM BERTHEL 1.00 X 0 0 0 DR SUSAN MARLEY BIRD 1.00 X 0 0 0 DR DAN BRODERICK 1.00 X 0 0 0 ED CARROLL 1.00 X 0 0 0 LEN CERVANTES 1.00 X 0 0 0 BISHOP DAVID CHOBY 1.00 X 0 0 0 JAMES FIELD 1.00 X 0 0 0 BERNIE HARDIEK 1.00 X 0 0 0 JEF HECKINGER 1.00 X 0 0 0 MSGR FRANK HENRICKSEN 1.00 X 0 0 0 TOM HIGGINS 1.00 X 0 0 0 MSGR JOHN HYLAND 1.00 X X 0 0 0 BARB JOHNSON 1.00 X 0 0 0 MARK KILMER 1.00 X 0 0 0 BRIAN LEMEK 1.00 X 0 0 0 ELIZABETH LEMEK 1.00 X 0 0 0 SR JOAN LESCINKSI CSJ 40.00 X X 0 0 0 JILL MCLAUGHLIN 1.00 X X 0 0 0 LINDA NEUMAN 1.00 X 0 0 0 JOSEPH O'ROURKE 1.00 X 0 0 0 GAYLE ROBERTS 1.00 X 0 0 0 PAUL SACHS 1.00 X 0 0 0 PAUL TRENSHAW 1.00 X 0 0 0 LISA WARE 1.00 X 0 0 0 MIKE HUMES 1.00 X 0 0 0 DR PAUL KOCH 40.00 X 173810 0 26075 MICHAEL POSTER 40.00 X 171549 0 25388 JOHN COOPER 40.00 X 129956 0 23889 JAMES STANGLE 40.00 X 8255 0 1093 DR JOHN BYRNE 40.00 X 113164 0 52480 DR DAVID O'CONNELL 40.00 X 124837 0 24612 DR SANDRA CASSADY 40.00 X 114240 0 56108 DR LINDA BROWN 40.00 X 117202 0 10299 DR ART MOREAU 40.00 X 115468 0 7157 JEANNE KOBUSZEWSKI 40.00 X 105003 0 9032 1173484 0 236133 18 1 1 0 BUSH CONSTRUCTION COMPANY 5401 VICTORIA AVE DAVENPORT IL 52807 CONSTRUCTION 7281612 RUSSELL CONSTRUCTION 4600 E 53RD ST DAVENPORT IA 52807 CONSTRUCTION 1812512 THE NORTHERN TRUST COMPANY 50 S LASALLE ST CHICAGO IL 60675 INVESTMENT MANAGEMENT 791084 HOLST TRUCKING & EXCAVATING 24118 270TH AVE LECLAIRE IA 52753 CONSTRUCTION 631751 TRI-CITY ELECTRIC 6225 N BRADY ST DAVENPORT IA 52806 CONSTRUCTION 384151 23 49208 220459 668762 5086082 715667 6024511 EDUCATION/GENERAL 611710 75956235 75956235 AUXILIARY ENTERPRISES 624410 16174858 15924832 250026 92131093 2725941 2725941 108479 97256 11223 11223 11223 15517922 12638 15249293 3000 268629 9638 278267 278267 46808 220459 53539 -6731 -6731 936109 1078032 -141923 -141923 K-1 PARTNERSHIP 900099 50547 50547 50547 101072928 91881067 300573 2866777 28978405 28978405 951953 351769 469389 130795 30017196 24992466 4130744 893986 1503058 1269664 187900 45494 2869731 2126094 621586 122051 2131434 1760289 298515 72630 74232 74232 92295 92295 56000 56000 124002 124002 583425 583425 40726 40726 939866 45850 849826 44190 1527923 1038871 405856 83196 823791 823791 2163125 2005946 117578 39601 822835 686996 72358 63481 11781 6643 5138 2549014 2549014 4386909 4038672 260499 87738 467853 1918 465935 FOOD COSTS 4103849 4050580 915 52354 EQUIP AND MAINTENANCE 1595661 1499487 71515 24659 CONTRACT SERVICES 1322896 122290 1152553 48053 LIBRARY BOOKS AND BINDI 485893 485893 3176599 2153308 989092 34199 91800452 78164155 11769868 1866429 1651789 2016845 19356934 23280396 2327195 3392684 1348342 1324575 4306722 812166 282537 383790 695655 145464498 44687363 98904516 100777135 90749806 103588186 16415315 18326673 2228930 1865715 640401 661663 238596277 256741693 11223736 9463722 1309889 793426 66845000 66845000 20860127 14932424 100238752 92034572 X 120043252 140949106 8513938 12642519 9800335 11115496 138357525 164707121 238596277 256741693 X 9272476 11441382 56420 5579318 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 56000 0 0 56000 0 105247246 1512345 13764671 284754 70954 2198607 117969947 107280983 1422229 -1093069 236189 132716 1993992 105247246 90044599 1051818 16779994 222160 153165 220103 107280983 78478154 1229365 11928451 163497 1287077 140797 90044599 91842288 735807 -13535256 392173 22347 150165 78478154 0.83060 0.09420 0.07520 1 0 2507892 6000920 8508812 4764717 113116311 35847072 82033956 4053633 1289915 2763718 13325425 7526113 5799312 1695600 24263 1671337 100777135 CASH VALUE OF LIFE INSURANCE 322665 F ALTERNATIVE INVESTMENTS 18004008 F 18326673 ACCRUED LOSS - INTEREST RATE SWAP 10096938 US GOVERNMENT GRANTS - PERKINS LOANS 3144069 ANNUITIES PAYABLE 1691417 14932424 X 87742875 11441382 56420 927 11498729 76244146 -63827 24892609 24828782 101072928 61393279 -4412741 -4412741 65806020 -63827 26058259 25994432 91800452 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2013 AND 2012, 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 FISCAL YEAR ENDED JUNE 30, 2009 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST RECEIVABLE 927. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -97,256. INSTITUTIONAL GRANTS 26,058,259. BOOKSTORE EXPENSES NETTED WITH REVENUE -1,078,032. GAIN (LOSS) ON FIXED ASSETS 9,638. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES NETTED WITH REVENUE 1,078,032. RENTAL EXPENSES NETTED WITH REVENUE 97,256. GAIN (LOSS) ON FIXED ASSETS -9,638. UNREALIZED GAIN ON INTEREST RATE SWAP -5,578,391. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 26,058,259. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE STATED IN ALL ADVERTISEMENTS AND UNIVERSITY MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION: FED SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FED WORK-STUDY FED PERKINS LOAN CANCELLATIONS FED PERKINS LOAN PROGRAM FED PELL GRANT PROGRAM FED DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN UPWARD BOUND NATIONAL WRITING PROJECT NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES: SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS GRANT NATIONAL ENDOWMENT FOR THE ARTS: PROMOTION OF THE ARTS NATIONAL ENDOWMENT FOR THE HUMANITIES: PROMOTION OF THE HUMANITIES STATE OF IOWA PROGRAMS INCLUDE: IOWA TUITION GRANT IOWA GRANT IOWA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IOWA OPPORTUNITY FOSTER CARE GRANT CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 59943 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 51457 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 322267 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 29550 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 101095 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 2391 0 0 0 0 0 0 566703 0 566703 0 0 0 0 0 0 X X X X X X X 1 COMMUNITY COUNSELING SERVICE PO BOX 27462 NEW YORK NY 10087 CAMPAIGN CONSULTING 0 2151000 60000 2091000 RUFFALOCODY 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52404 OUTSOURCE OF PHONATHON 0 110416 64002 46414 2261416 124002 2137414 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WINE FESTIVAL 191202 160749 30453 8383 14124 214 4774 GOLF OUTING 26875 15100 11775 428 23300 1831 1 49190 44610 4580 485 267267 220459 46808 428 8383 37424 214 7090 53539 -6731 1 STUDENT SCHOLARSHIPS 2458 24075294 ATHLETIC SCHOLARSHIPS 694 2421609 EMPLOYEE SCHOLARSHIPS 199 2481502 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS COMPLIANCE WITH GRANT/SCHOLARSHIP CRITERIA ON AN INDIVIDUAL STUDENT BASIS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR PAUL KOCH 159700 0 0 0 14110 0 11278 0 14797 0 199885 0 0 0 MICHAEL POSTER 145985 0 0 0 25564 0 10412 0 14976 0 196937 0 0 0 JOHN COOPER 120515 0 0 0 9441 0 8597 0 15292 0 153845 0 0 0 DR JOHN BYRNE 113164 0 0 0 0 0 7774 0 44706 0 165644 0 0 0 DR SANDRA CASSADY 114240 0 0 0 0 0 8608 0 47500 0 170348 0 0 0 JEANNE KOBUSZEWSKI 101078 0 0 0 3925 0 5831 0 3201 0 114035 0 0 0 SUPPLEMENTAL INFORMATION PART III SISTER JOAN LESCINSKI (PRESIDENT/BOARD MEMBER) HAD A HOUSING ALLOWANCE OF $9,343. THIS WAS CONSIDERED NONTAXABLE COMPENSATION. JOHN COOPER (VP FOR ADVANCEMENT), MICHAEL POSTER (VP OF FINANCE), AND DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS) RECEIVED SOCIAL CLUB DUES OF $3,450, $2,385, AND $8,750 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), JOHN COOPER (VP FOR ENROLLMENT MANAGEMENT), AND JEANNE KOBUSZEWSKI (VP FOR ADVANCEMENT) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $6,579, $5,360, $5,991, AND $3,925 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460QU3 2003-04-02 37795000 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460D52 2008-04-01 20000000 SEE PART VI 0 0 0 C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 46246OU38 2011-12-16 11953875 SEE PART VI 0 0 0 A 2950000 38066198 316134 63161 16444095 21244378 2007 1 0 1 1 B 20033205 233947 12309 19571949 215000 2009 0 0 1 1 C 11955327 208146 11747181 2012 0 0 1 1 A 0 1 1 1 0 0.04550 0.00000 0.04550 0 0 1 B 0 1 0 0 0.01800 0.00000 0.01800 0 0 1 C 0 1 1 1 0 0.07870 0.00000 0.07870 0 0 1 A 1 1 0 0 1 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/17/2008 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/16/2013 SCHEDULE K, PART I (A) DESCRIPTION OF PURPOSE SCHEDULE K, PART I, LINE A (2003 BONDS), COLUMN (F): CONSTRUCTION OF THE UNIVERSITY CENTER, LAND ACQUISITION FOR EXPANSION, RENOVATION OF CERTAIN SPACES, GENERAL IMPROVEMENTS TO FACILITIES AND REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY HIGHER EDUCATION FACILITIES REVENUE BONDS ISSUED 2/22/1995, 2/27/1997 AND 10/14/1999. SCHEDULE K, PART I, LINE B (2008 BONDS), COLUMN (F): CONSTRUCTION OF RESIDENCE HALL/CLASSROOM, CONSTRUCTION OF HEALTH SCIENCES BUILDING, ACQUISITION OF ACCEL BUILDING AND CONSTRUCTION OF FRANKLIN HALL AND BETCHEL HALL. SCHEDULE K, PART I, LINE C (2011 BONDS), COLUMN (F): CONSTRUCTION OF RESIDENCE HALL, EXPANSION OF DINING HALL AND OTHER VARIOUS IMPROVEMENTS. SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF ISSUE COLUMN A (2003 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $272,768 MINUS A YIELD REDUCTION PAYMENT OF $1,570. COLUMN B (2008 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $33,205. COLUMN C (2011 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $1,452. SCHEDULE K, PART II, LINE 11 OTHER SPENT PROCEEDS COLUMN A (2003 BONDS): REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY HIGHER EDUCATION FACILITIES REVENUE BONDS ISSUED 2/22/1995, 2/27/1997 AND 10/14/1999. SCHEDULE K, PART III, LINE 4 MANAGEMENT CONTRACTS COLUMN A (2003 BONDS): ST. AMBROSE UNVIVERSITY ENTERED INTO A QUALIFIED MANAGEMENT CONTRACT DURING THE LATER PART OF 2013 WHICH WILL REDUCE THE AMOUNT OF PRIVATE BUSINESS USE FOR THE 2003 BONDS GOING FORWARD AND REDUCE THE AVERAGE PERCENTAGE OF PRIVATE BUSINESS USE OVER THE LIFE OF THE BONDS. COLUMN C (2011 BONDS): ST. AMBROSE UNIVERSITY ENTERED INTO A QUALIFIED MANAGEMENT CONTRACT DURING THE LATER PART OF 2013 WHICH WILL REDUCE THE AMOUNT OF PRIVATE BUSINESS USE FOR THE 2011 BONDS GOING FORWARD AND REDUCE THE AVERAGE PERCENTAGE OF PRIVATE BUSINESS USE OVER THE LIFE OF THE BONDS. SCHEDULE K, PART IV, LINE 6 INVESTMENT OF GROSS PROCEEDS COLUMN A (2003 BONDS): ST. AMBROSE UNIVERSITY INVESTED A SMALL PORTION OF BOND PROCEEDS BEYOND AN AVAILABLE TEMPORARY PERIOD AND MADE A YIELD REDUCTION PAYMENT TO THE FEDERAL GOVERNMENT TO COMPLY WITH YIELD RESTRICTIONS. MCCARTHY IMPROVEMENT BUSH CONSTRUC ENITIES MORE THAN 35% OWNED BY FAMILY OF BARBARA JOHNSON, BOARD MEMBER 2646703 CONSTRUCTION SERVICES 0 ALLISON MCLAUGHLIN GRANDDAUGHTER OF JILL MCLAUGHLIN, BOARD MEMBER 23019 SALARY AND BENEFITS PAID TO ALLISON MCLAUGHLIN FOR EMPLOYMENT IN ADMISSIONS OFFICE 0 X 35 620643 AVG HIGH/LOW X FOOD & SUPPLIES 18 36747 COST X EQUIPMENT/FURNITURE 7 31939 COST/SELLING PRICE X MISCELLANEOUS 93 26338 COST 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): COLUMN IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF OFFICERS OF THE BOARD OF TRUSTEES AND THE CHAIRPERSONS OF EACH OF THE STANDING COMMITTEES (ACADEMIC AFFAIRS AND SERVICES, ADVANCEMENT, FINANCE AND INVESTMENT, BUILDINGS AND GROUNDS, ENROLLMENT MANAGEMENT AND STUDENT SRVICES, GOVERNANCE AND NOMINATING, AUDIT AND EVALUATION AND COMPENSATION OF THE PRESIDENT). THIS COMMITTEE MAY EXERCISE, WHEN THE FULL BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE POWERS VESTED IN THE BOARD OF TRUSTEES, EXCEPT: - THE POWER TO ELECT, APPOINT OR REMOVE TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES - THE POWER TO CHANGE MEMBERSHIP OF, OR TO FILL VACANCIES IN THE EXECUTIVE COMMITTEE - THE POWER TO APPOINT THE PRESIDENT OF THE UNIVERSITY - THE POWER TO MAKE, ALTER, RESTATE, AMEND OR REPEAL THE RESTATED ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION - THE POWER TO AUTHORIZE ANY SINGLE EXPENDITURE IN EXCESS OF $500,000 AND CUMULATIVE EXPENDITURES IN EXCESS OF $2,000,000 DURING ANY FISCAL YEAR - THE POWER TO ADOPT A PLAN OF MERGER OR CONSOLIDATION - THE RIGHT TO SELL, ENCUMBER, LEASE OR EXCHANGE OR MAKE OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OR TO EFFECT A VOLUNTARY DISPOSITION OF THE CORPORATION OR A REVOCATION THEREOF - ANY OTHER POWERS WHICH MAY BE EXPRESSLY OR SPECIFICALLY WITHHELD BY RESOLUTION OF THE BOARD OF TRUSTEES THE OFFICERS OF THE BOARD OF TRUSTEES ARE DEFINED AS THE CHAIR (THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE VICE CHAIRS (VICAR GENERAL OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT AND TWO LAY MEMBERS), THE SECRETARY/TREASURER (PRESIDENT OF THE UNIVERSITY) AND THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT FOR FINANCE OF THE UNIVERSITY). THE ONLY MEMBER OF THE EXECUTIVE COMMITTEE WHO IS NOT A MEBMER OF THE BOARD OF TRUSTEES IS THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT OF FINANCE FOR THE UNIVERSITY). FORM 990, PART VI, SECTION A, LINE 2 JOHN ANDERSON (BOARD MEMBER), MICHAEL BAUER (BOARD MEMBER), MARK KILMER (BOARD MEMBER), AND LINDA NEUMAN (BOARD MEMBER), HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. BRIAN LEMEK AND ELIZABETH LEMEK HAVE A FAMILY RELATIONSHIP (HUSBAND AND WIFE). FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF IRS FORM 990 IS PROVIDED TO THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO THE JANUARY COMMITTEE MEETING. THE COMMITTEE REVIEWS THE 990 AND APPROVES THE RETURN SUBJECT TO ANY REQUESTED CHANGES. THE 990 IS THEN PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO THE APRIL BOARD OF TRUSTEES MEETING. THE BOARD REVIEWS AND APPROVES THE RETURN DURING THIS MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE. ALL MATERIAL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE. ALL MATERIAL PURCHASES THAT WOULD REQUIRE APPROVAL UNDER THE CONFLICT OF INTEREST QUESTIONNAIRE WOULD BE IDENTIFIED DURING THESE REVIEWS. ON AN ANNUAL BASIS THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE COMPARES THE RESPONSES IN THE CONFLICT OF INTEREST QUESTIONNAIRES TO THE UNIVERSITY'S ACCOUNTING RECORDS TO ENSURE THEY ARE COMPLETE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE CURRENTLY COMPRISED OF JOHN ANDERSON, COMMITTEE CHAIR, BISHOP MARTIN AMOS, CHAIR OF THE BOARD OF TRUSTEES, AND RITA BAWDEN, BOARD MEMBER. IN ADDITION TO RECOMMENDING THE SALARY AND BENEFIT PACKAGE FOR THE PRESIDENT, THIS COMMITTEE ALSO HANDLES THE ANNUAL EVALUATION OF THE PRESIDENT. EVERY FIVE YEARS THE COMMITTEE OBTAINS A STUDY FROM A CONSULTING FIRM SPECIALIZING IN HUMAN RESOURCE MATTERS TO COMPARE THE SALARY AND BENEFITS OF THE UNIVERSITY'S PRESIDENT TO INDUSTRY MEDIANS FOR INSTITUTIONS OF HIGHER EDUCATION SIMILAR IN SIZE AND SCOPE. THIS STUDY LOOKS AT NATIONAL TRENDS IN ADDITION TO COMPENSATION LEVELS IN THE MIDWEST REGION. IN THE YEARS BETWEEN THESE STUDIES, THE COMMITTEE ALSO OBTAINS INDUSTRY DATA FROM SOURCES SUCH AS THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). GENERALLY IN LATE JUNE TO EARLY JULY, THE COMMITTEE ASKS THE PRESIDENT TO COMPLETE A SELF-EVALUATION OF HIS OR HER PERFORMANCE FOR THE PAST YEAR. THIS SELF-EVALUATION IS REVIEWED AND A SUMMARY OF THE PRESIDENT'S PERFORMANCE AND FUTURE GOALS IS COMPLETED BY THE COMMITTEE. THE COMMITTEE MEETS WITH THE PRESIDENT PRIOR TO THE OCTOBER BOARD MEETING TO DISCUSS HIS OR HER PERFORMANCE. THE COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE PRESIDENT AND COMPARES IT TO THE INDUSTRY DATA NOTED ABOVE. THE COMMITTEE THEN DELIBERATES AND RECOMMENDS A SALARY AND BENEFIT PACKAGE THAT WILL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE DISCUSSION AND DECISION OF THE COMMITTEE IS DOCUMENTED IN THEIR MINUTES. THE SALARY AND BENEFIT PACKAGE IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL DURING THE OCTOBER BOARD MEETING. THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES IS DOCUMENTED IN THEIR MINUTES. THE FOLLOWING IS THE PROCESS FOR SETTING THE SALARY AND BENEFITS OF THE VICE PRESIDENTS AND KEY EMPLOYEES: THE COMPENSATION AND BENEFITS OF THE UNIVERSITY'S VICE PRESIDENTS AND KEY EMPLOYEES IS THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS THE PRESIDENT HAS EACH VICE PRESIDENT PREPARE A SELF EVALUATION. THE PRESIDENT REVIEWS THE SELF EVALUATION AND DOCUMENTS HIS OR HER EVALUATION OF THE VICE PRESIDENT'S PERFORMANCE. THE EVALUATION OF KEY EMPLOYEES IS THE RESPONSIBILITY OF THEIR DIRECT SUPERVISOR. THE PRESIDENT OBTAINS INDUSTRY DATA FROM CUPA-HR AND REVIEWS THE COMPENSATION AND BENEFIT LEVELS OF EACH VICE PRESIDENT AND KEY EMPLOYEE BEFORE SETTING THEIR SALARY AND BENEFITS. THE PRESIDENT THEN COMMUNICATES THIS INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST RECEIVABLE 927. UNREALIZED GAIN(LOSS) ON INTEREST RATE SWAP 5,578,391. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES FOR ST. AMBROSE UNIVERSITY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE UNIVERSITY'S ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR CHOOSING THE INDEPENDENT AUDITOR EACH YEAR. OFFICER COMPENSATION FOR SISTER JOAN LESCINSKI FORM 990, PART VII, SECTION A AS A MEMBER OF A RELIGIOUS ORDER, SISTER JOAN LESCINSKI'S COMPENSATION IS PAID TO HER ORDER. ST. AMBROSE UNIVERSITY PROVIDES A HOUSE, A CAR AND HEALTH INSURANCE BENEFITS TO SISTER JOAN LESCINSKI. UTILITIES, MAINTENANCE AND OTHER OPERATING COSTS OF THE HOUSE AND CAR ARE ALSO PAID FOR BY THE UNIVERSITY. VOLUNTEER ACTIVITIES FORM 990, PAGE 1, LINE 6 FUNDRAISING EVENTS ALL HAVE VOLUNTEER COMMITTEES THAT HELP PLAN AND IMPLEMENT THESE EVENTS. OTHER VOLUNTEERS SERVE ON ADVANCEMENT COMMITTEES. THE PRESIDENT'S CLUB EXECUTIVE COUNCIL HAS 15 MEMBERS WHO REPRESENT SAU AT PRESIDENT'S CLUB EVENTS; SOME SOLICIT THEIR PEERS FOR DONATIONS USING PERSONAL CONTACT AND LETTERS. THE ALUMNI BOARD HAS 20 MEMBERS WHO REPRESENT SAU AT CERTAIN ALUMNI EVENTS. THE BOARD IS RESPONSIBLE FOR HOSTING 3 TRIVIA NIGHTS EACH YEAR AND HOSTING THE BEE COOL TENTS AT THE BIX AND QC MARATHON. THE FIGHTING BEE GOLF CLASSIC COMMITTEE HAS 14 MEMBERS WHO HOST THE FIGHTING BEE GOLF TOURNAMENT. THE WINE FESTIVAL COMMITTEE HAS 20 MEMBERS WHO PLAN 3 FUNDRAISING EVENTS EACH YEAR: A WINE TASTING, A DINNER AND A WINE FESTIVAL.