2014-05-13T15:49:21-05:00 2013-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2012-07-01 460224600 UNIVERSITY OF SIOUX FALLS UNIV 6053316592 1101 WEST 22ND STREET SIOUX FALLS SD 571051600 MARK BENEDETTO 6053316592 2014-05-13 1 LAURIE HANSON P00851848 6053391999 2014-05-13 2012 2015-11-30 17:44:51Z MARK BENEDETTO 1101 WEST 22ND STREET SIOUX FALLS SD 571051600 41961321 0 X WWW.USIOUXFALLS.EDU X 1883 SD AS A CHRISTIAN UNIVERSITY, USF EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES, AND PROFESSIONS. 41 40 897 50 8848 -64872 4626249 7154982 27641412 29290510 261954 563592 105002 141050 32634617 37150134 9779506 11008237 0 0 12237668 12851333 0 0 503376 10415323 11445688 32432497 35305258 202120 1844876 76115576 75156503 28218895 24340564 47896681 50815939 X THE UNIVERSITY OF SIOUX FALLS, A CHRISTIAN UNIVERSITY IN THE LIBERAL ARTS TRADITION, EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES AND PROFESSIONS. THE TRADITIONAL MOTTO OF THE UNIVERSITY IS CULTURE FOR SERVICE, THAT IS, WE SEEK TO FOSTER ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF MATURE CHRISTIAN PERSONS FOR SERVICE TO GOD AND HUMANKIND IN THE WORLD. THROUGH PROGRAMS IN THE HUMANITIES, SCIENCES AND PROFESSIONS, THE UNIVERSITY HELPS PERSONS GROW INTELLECTUALLY, DISCERN TRUTH AND DEVELOP A CHRISTIAN WORLDVIEW. AS A CHRISTIAN INSTITUTION, THE UNIVERSITY OF SIOUX FALLS FOSTERS IN ALL MEMBERS OF ITS COMMUNITY THE DEVELOPMENT OF EMOTIONAL MATURITY, PHYSICAL WELL-BEING, INTERPERSONAL SKILLS AND VALUES WHICH REFLECT THE CHARACTER AND TEACHINGS OF CHRIST. THE UNIVERSITY OF SIOUX FALLS IS COMMITTED TO THE LORDSHIP OF JESUS CHRIST AND TO THE INTEGRATION OF BIBLICAL FAITH AND LEARNING; IT AFFIRMS THAT CHRISTIANS ARE CALLED TO SHARE THEIR FAITH WITH OTHERS THROUGH LIVES OF SERVICE. 0 0 30766929 11008237 29395011 PRIVATE LIBERAL ARTS HIGHER EDUCATION--PROVIDING EDUCATION TO 1,505 STUDENTS WORKING TOWARD ASSOCIATES, BACHELORS, AND MASTERS DEGREES. 30766929 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 68 0 1 897 1 1 1 0 0 0 0 1 1 0 0 0 0 X 41 40 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN THIE 6053316592 1101 W 22ND ST SIOUX FALLS SD 571051600 DR PAULA O'NEILL-WEEDON 5.00 X X 0 0 0 JOHN LILLIBRIDGE 5.00 X X 0 0 0 DOROTHY JOHNSON CASELLI 5.00 X X 0 0 0 TIM BAILEY 5.00 X 0 0 0 WILLIAM BALLENGER 5.00 X 0 0 0 PAT BARBER 5.00 X 0 0 0 CAPTAIN RICHARD BARCUS 5.00 X 0 0 0 DR FRED BELLUM 5.00 X 0 0 0 LOIS BOICE 5.00 X 0 0 0 WARREN CAMP 5.00 X 0 0 0 DAVE CLEVELAND 5.00 X 0 0 0 JAN DEWITT 5.00 X 0 0 0 SHIRLEY DIAMOND 5.00 X 0 0 0 JAY EIDSNESS 5.00 X 0 0 0 DR CAROL EVANS 5.00 X 0 0 0 DR ROGER FREDRIKSON 5.00 X 0 0 0 RICHARD GARSIDE 5.00 X 0 0 0 PAUL HAMMOND 5.00 X 0 0 0 MARY HULL 5.00 X 0 0 0 DAN HYLLAND 5.00 X 0 0 0 AL JOHNSON 5.00 X 0 0 0 MERLE JOHNSON 5.00 X 0 0 0 SUSAN KUHN 5.00 X 0 0 0 ROBERT R LARSEN MD 5.00 X 0 0 0 TOM LILLIBRIDGE 5.00 X 0 0 0 LOREN LONG 5.00 X 0 0 0 BARBARA MCMURCHIE 5.00 X 0 0 0 MAX MERRY 5.00 X 0 0 0 REV STANLEY MURDOCH 5.00 X 0 0 0 SUSAN NORBERG 5.00 X 0 0 0 REV SHAWN NORTON 5.00 X 0 0 0 DR GARY OLSON 5.00 X 0 0 0 BETH O'TOOLE 40.00 X 60599 0 0 SCOTT RYSDON 5.00 X 0 0 0 DR GORDON A STEWART 5.00 X 0 0 0 DR MARIAN D SULLIVAN 5.00 X 0 0 0 DR ROBERT L VENINGA 5.00 X 0 0 0 DR RILEY WALKER 5.00 X 0 0 0 FLORETTA WARD 5.00 X 0 0 0 MICHAEL WOODDEN 5.00 X 0 0 0 SAM DOOYEMA 5.00 X 0 0 0 MARK BENEDETTO 50.00 X 223477 0 57488 BRETT BRADFIELD 50.00 X 141511 0 20014 MARSHA DENNISTON 50.00 X 98265 0 25817 JULIE GEDNALSKE 50.00 X 53580 0 23463 JON HIATT 50.00 X 71726 0 22326 WILLIAM BARTELL 40.00 X 59488 0 24034 JEFF VELTKAMP 40.00 X 64800 0 14585 DAVID BROOKS 40.00 X 80088 0 21902 MEGAN FISCHER 40.00 X 50736 0 8477 BARBARA VELLENGA 40.00 X 124221 0 19451 BETH JERNBERG 40.00 X 116248 0 20445 JEROD STUGART 40.00 X 103111 0 19634 1247850 0 277636 5 0 1 0 ARAMARK CAMPUS SERVICES 1101 W 22ND ST SIOUX FALLS SD 57105 FOOD SERVICES 1160863 ARAMARK CORPORATION ARAMARK HIGHER EDUCATION 24818 NET CHICAGO IL 60673 PHYSICAL PLANT MGMT 770638 SIOUX FALLS CONSTRUCTION 800 S 7TH AVE PO BOX 2728 SIOUX FALLS SD 57101 CONSTRUCTION 711347 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 DIRECT MAILING SERVICES 352613 AVI SYSTEM INC NW 8393 PO BOX 1450 MINNEAPOLIS MN 55485 AUDIO-VISUAL EQUIP AND SVCS 252148 16 11381 169746 1038706 5935149 236068 7154982 TUITION AND FEES 611600 26037541 26037541 STUDENT HOUSING 611600 1563715 1563715 FOOD SERVICE 611600 1314228 1314228 OTHER INCOME 541800 375026 366178 8848 29290510 268495 268495 27420 0 27420 27420 27420 4591594 4290482 6015 301112 -6015 295097 295097 11381 11381 29470 -18089 -18089 23370 5000 18370 18370 593569 480220 113349 113349 37150134 29395011 8848 591293 11008237 11008237 1144361 345293 621710 177358 9057798 7854072 1125992 77734 237177 171795 57649 7733 1741676 1188270 529722 23684 670321 565643 88007 16671 20615 20615 51875 51875 16383 16383 1754858 1521929 220980 11949 263234 20082 242463 689 1517695 1146367 302432 68896 346917 14049 332868 1425836 1311719 99392 14725 787672 749672 26111 11889 18358 4770 10385 3203 837182 804532 28464 4186 2500579 2403056 85020 12503 97641 84274 13367 INSTITUTIONAL SUPPORT 804613 804613 ACADEMIC SUPPORT 409227 396640 12587 REPAIRS/MAINTENANCE 382002 371916 9001 1085 211001 153297 57704 35305258 30766929 4034953 503376 1352082 1192955 2001862 328792 1756860 917273 978005 753846 1558254 1517204 179605 210628 483826 556844 77369418 24732083 48888405 52637335 10485197 8616072 2084986 1874788 6346494 6550766 76115576 75156503 2461989 2088945 1683379 1653318 4592766 2315825 16115000 15425000 2046346 1955448 1319415 902028 28218895 24340564 X 32806366 34873839 7060893 7602470 8029422 8339630 47896681 50815939 76115576 75156503 X 1844876 536785 -2997 540593 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14619237 128796 1454634 294442 359399 15548826 14312004 1009374 -316427 291071 94643 14619237 12617166 182975 1832692 203130 117699 14312004 11118364 276456 1747671 525325 12617166 14557534 400997 -3058541 781626 11118364 0.00330 0.56940 0.42730 1 1 1 1418471 9148109 10566580 52972869 15695454 37277415 13775176 9036629 4738547 54793 54793 52637335 CASH SURRENDER VALUE 769388 INTEREST IN PERPETUAL TRUSTS 1114847 DUE TO/FROM 4666531 6550766 INTEREST RATE SWAP 902028 902028 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO ADVANCE AND SUPPORT EDUCATION BY PROVIDING ASSISTANCE TO, AND BENEFITS FOR, THE UNIVERSITY OF SIOUX FALLS AND ITS STUDENTS, FACULTY AND PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: EACH ENTITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE UNIVERSITY OF SIOUX FALLS' FORM 990-T IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE 2009. 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 UNIVERSITY BROCHURES, CATALOGS, ADVERTISING, WEBSITE ETC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL GOVERNMENT STUDENT FINANCIAL AID PROGRAMS AND RECEIVES OTHER VARIOUS FEDERAL GRANTS. PARTICIPATION IN THE STUDENT FINANCIAL AID PROGRAMS IS AS FOLLOWS: PERKINS LOANS, COLLEGE WORK-STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PELL GRANTS, AND STAFFORD LOANS. CHAMPIONS GOLF TOURNEY 22762 11381 11381 18827 8472 529 1642 22762 11381 11381 18827 8472 529 1642 29470 -18089 23370 5000 1 1.00000 23370 5000 5000 18370 SD 1 0 0 0 0.00000 1.00000 SUSAN THIE 1101 W 22ND ST SIOUX FALLS SD 571051600 0 NA 0 GAMING PART III USF STUDENTS SOLD RAFFLE TICKETS DURING THE GOLF TOURNAMENT. ALL LABOR ASSOCIATED WITH THE SALES WAS VOLUNTEER LABOR. 1 UNFUNDED INSTITUTIONAL AID 995 10151647 CASH INSTITUTIONAL AID 108 145022 ENDOWED SCHOLARSHIPS 346 441283 FEDERAL SCHOLARSHIPS 195 270285 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FOR FEDERAL AND PASS-THROUGH GRANTS FOR PROGRAMS, EACH GRANT HAS A GRANT MANAGER. ON A MONTHLY BASIS, THE BUSINESS OFFICE RECONCILES EXPENSES INCURRED FOR EACH GRANT AND VERIFIES WITH THE RESPECTIVE GRANT MANAGER. ONCE CONFIRMED, THE BUSINESS OFFICE REQUESTS REIMBURSEMENT FROM THE RESPECTIVE AWARDING AGENCY. FOR SCHOLARSHIPS, FINANCIAL AID REVIEWS THE SPECIFIC CRITERIA FOR AWARDING TO STUDENTS. THE BUSINESS OFFICE DOES A RECONCILIATION OF EXPENSES (FINANCIAL AID AWARDED) BEFORE DRAWING DOWN ACTUAL DOLLARS FROM THE ENDOWMENT (BOTH THE UNIVERSITY OF SIOUX FALLS AND THE UNIVERSITY OF SIOUX FALLS FOUNDATION) AND FEDERAL FINANCIAL AID. FOR PROGRAMS, THERE ARE TWO DIFFERENT METHODS USED. SOME PROGRAMS HAVE "BUDGET MANAGERS" WHO ARE AWARE OF THE FUNDS AVAILABLE VIA THE BUSINESS OFFICE AND SPEND ACCORDINGLY. FOR THOSE PROGRAMS WITHOUT "BUDGET MANAGERS" AND FOR UNRESTRICTED ENDOWMENTS, THE BUSINESS OFFICE ENSURES THAT THERE ARE EXPENSES INCURRED IN THOSE SPECIFIC DEPARTMENTS BEFORE DRAWING DOWN ACTUAL DOLLARS. IN ALL CASES FOR THE ENDOWMENTS, THE BUSINESS OFFICE DOES A RECONCILIATION TO ENSURE THAT THE PROPER DOLLAR AMOUNT IS CALCULATED, AWARDED/EXPENSED, AND DRAWN DOWN. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 MARK BENEDETTO 223477 0 0 0 0 0 10444 0 49392 0 283313 0 0 0 BRETT BRADFIELD 141511 0 0 0 0 0 5850 0 15499 0 162860 0 0 0 PART I, LINE 1A THE PRESIDENT IS A MEMBER OF THE CLERGY AND THE HOUSING ALLOWANCE IS TREATED ACCORDING TO THE HOUSING ALLOWANCE RULES FOR CLERGY. PART I, LINE 1B THE PRESIDENT IS A MEMBER OF THE CLERGY AND THE HOUSING ALLOWANCE IS TREATED ACCORDING TO THE HOUSING ALLOWANCE RULES FOR CLERGY. THE ALLOWANCE IS NOT PART OF HIS CONTRACT BUT A PORTION OF HIS BASE PAY THAT IS CLASSIFIED SEPARATELY SINCE HE IS A MEMBER OF THE CLERGY. A SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 460315509 2010-05-28 18000000 TO REFUND BONDS ISSUED 12/6/2001,1/23/2005 AND 12/23/2008; CONSTRUCTION 0 0 0 A 1885000 18000000 289708 2010292 15700000 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 SCHEDULE K PART II LINE 11 OTHER SPENT PROCEEDS THE AMOUNT REPORTED ON PART I, LINE 11 IS THE AMOUNT OF BOND PROCEEDS USED TO REFUND THE PRIOR BONDS ISSUED IN 2001, 2005 AND 2008. X 6 156968 FMV AT DATE OF GIFT X 1 79100 APPRAISAL 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN LILLIBRIDGE AND TOM LILLIBRIDGE, BOTH TRUSTEES, HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT (INCLUDING 2 CPA'S ON STAFF) REVIEWS FORM 990 BEFORE IT IS FILED. A COPY OF THE 990 IS PROVIDED TO THE GOVERNING BODY THROUGH THE UNIVERSITY'S WEBSITE PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY. PROCEDURES FOR IDENTIFYING CONFLICT OF INTEREST: A COPY OF THE POLICY IS MADE AVAILABLE TO ALL BOARD OF TRUSTEES, FOUNDATION BOARD OF DIRECTORS, AND MEMBERS OF MANAGEMENT BY THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER WILL ENSURE THAT ALL FORMS ARE COMPLETED AND RETURNED AND PROVIDE A SUMMARY TO THE USF PRESIDENT. INFORMATION SHARED BEYOND THIS POINT WILL BE GOVERNED BY A BUSINESS, OR ETHICAL, NEED TO DISCLOSE AS DETERMINED BY THE APPROPRIATE BOARD CHAIR, USF PRESIDENT OR THE CORPORATE OFFICER. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE BOARD OR COMMITTEE ADDRESSING THE TRANSACTION AT ISSUE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING IF APPLICABLE. PRIOR TO THE PRESENTATION, FULL DISCLOSURE OF THE POTENTIAL CONFLICT OF INTEREST MUST BE MADE TO THE INDIVIDUALS HEARING THE PRESENTATION. AFTER SUCH PRESENTATION, HE/SHE IS NOT TO PARTICIPATE IN THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE PRESIDENT AND/OR BOARD CHAIR, ALONG WITH THOSE INDIVIDUALS THEY DEEM TO BE APPROPRIATE TO THE DECISION, SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN USF'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE. THEY SHALL THEN MAKE THE DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES ACTS ON BEHALF OF THE FULL BOARD. THE COMMITTEE REVIEWS A CCCU COMPENSATION SURVEY TO ASSIST WITH DRAFTING A COMPENSATION PACKAGE. THE COMPENSATION PACKAGE IS THEN VOTED ON BY THE PERSONNEL COMMITTEE. THE PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 417,387. CHANGE IN CSV LIFE INSURANCE 8,666. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 283,370. NET ASSETS RELEASED FROM RESTRICTIONS -168,830. UNIVERSITY OF SIOUX FALLS FOUNDATION 1101 W 22ND ST SIOUX FALLS SD 57105 460439977 FUNDRAISING SD 501(C)(3) 11A UNIVERSITY OF SIOUX FALLS 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0 UNIVERSITY OF SIOUX FALLS FOUNDATION D 116636 CASH UNIVERSITY OF SIOUX FALLS FOUNDATION Q 64774 CASH UNIVERSITY OF SIOUX FALLS FOUNDATION R 603350 CASH UNIVERSITY OF SIOUX FALLS FOUNDATION C 169746 CASH