2014-04-14T14:35:31-05:00 2013-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2012-06-01 420680351 WARTBURG COLLEGE WART 3193528411 100 WARTBURG BLVD WAVERLY IA 50677 RICHARD SEGGERMAN 3193528411 2014-04-14 1 TROY E MARINE CPA P00187863 4147775500 2014-04-10 2012 2015-11-30 17:44:51Z DARREL D COLSON 100 WARTBURG BLVD WAVERLY IA 50677 88173356 0 X WWW.WARTBURG.EDU X 1852 IA UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. 29 25 2040 500 253471 0 6870589 10081936 68879674 69966799 11346040 3451777 2234484 2649950 89330787 86150462 26625768 27272004 0 0 26993071 27257895 0 0 1885100 24393083 24587938 78011922 79117837 11318865 7032625 180021777 193094880 97174430 96807666 82847347 96287214 UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. 0 0 44777462 27272004 54721918 INSTRUCTION OF STUDENTS ENROLLED AND THE RELATED ACADEMIC SUPPORT; 1,708 AND 1,620 FULL-TIME EQUIVALENT STUDENTS ENROLLED FOR THE FALL 2012 AND WINTER 2013 TERMS RESPECTIVELY. 8486044 14888892 AUXILIARY ENTERPRISES SUPPORTS STUDENTS LIVING AND EATING ON CAMPUS AS WELL AS PROVIDING BOOKS. THERE WERE 1,400 AND 1,324 STUDENTS LIVING ON CAMPUS FOR THE FALL 2012 AND WINTER 2013 TERMS, RESPECTIVELY. 11463780 2534649 ALL OTHER PROGRAM RELATED SERVICES 64727286 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 2249 0 1 2040 1 1 1 0 0 0 0 0 0 0 0 0 X 29 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X RICHARD SEGGERMAN 3193528215 100 WARTBURG BLVD WAVERLY IA 506772215 ANDREA WESTMEYER 0.10 X 0 0 0 BISHOP JAMES ARENDS 0.10 X 0 0 0 BISHOP STEVEN ULLESTAD 0.10 X 0 0 0 DOROTHY BOWEN 0.10 X 0 0 0 DR DELFORD DOHERTY 0.10 X 0 0 0 DR GIL WESSEL 0.10 X 0 0 0 DR GRADY BALLENGER 0.10 X 0 0 0 DR HANS-PETER BRODHUN 0.10 X 0 0 0 DR MARILYN FLACHMAN 0.10 X 0 0 0 FRED HAGEMANN 0.10 X 0 0 0 GARY HOOVER 0.10 X 0 0 0 GUNTER SCHUCHARDT 0.10 X 0 0 0 JACK SALZWEDEL 0.10 X 0 0 0 JANET FELBERG 0.10 X 0 0 0 JIM LOVERIDGE 0.10 X 0 0 0 JOANN KILGUS 0.10 X 0 0 0 JON VOLKERT 0.10 X 0 0 0 KIRK KINNEAR 0.10 X 0 0 0 LIZ MATHIS 0.10 X 0 0 0 MARK BALDWIN 0.10 X 0 0 0 MIKE MCCOY 0.10 X 0 0 0 PASTOR MICHAEL HOUSHOLDER 0.10 X 0 0 0 RACHEL RIENSCHE 0.10 X 0 0 0 RAY MCCASKEY 0.10 X 0 0 0 ROBERT SEVERSON 0.10 X 0 0 0 RUTH BAHE-JACHNA 0.10 X 0 0 0 SHERMAN HICKS 0.10 X 0 0 0 SHON COOK 0.10 X 0 0 0 DARREL COLSON 40.00 X X 270419 0 32198 DEBORAH LOERS 40.00 X 112832 0 30343 EDITH WALDSTEIN 40.00 X 128220 0 25307 FRED RIBICH 40.00 X 101086 0 20058 GARY GRACE 40.00 X 124773 0 28431 MARK BIERMANN 40.00 X 71808 0 15822 RICHARD SEGGERMAN 40.00 X 83594 0 26986 SCOTT LEISINGER 40.00 X 124725 0 22686 1017457 0 201831 6 0 1 0 SCHNEIDER ELECTRIC PO BOX 841868 DALLAS TX 758241868 ELECTRICAL CONTRACTING 438612 RUFFALOCODY 221 3RD AVENUE SE SUITE 10 CEDAR RAPIDS IA 524063018 ENROLLMENT MANAGEMENT CONSULTANT 321339 FBG SERVICE CORPORATION 407 S 27TH AVENUE OMAHA NE 68131 CLEANING SERVICES 238223 ME & V 6711 CHANCELLOR DR CEDAR FALLS IA 50613 MARKETING CONSULTANT 232008 WAVERLY HEALTH CENTER 312 9TH STREET SW WAVERLY IA 50677 HEALTH SERVICES 209484 9 379233 9702703 2128940 10081936 TUITION & FEES 611310 54721918 54721918 AUXILIARY ENTERPRISES 611710 15244881 14996272 248609 69966799 1487129 1487129 390339 390339 113392 102647 10745 10745 10745 2920063 574493 1609467 310780 1310596 263713 1574309 1574309 CAMPUS GROUP 541900 2126470 1919396 207074 OTHER PROGRAM RELATED 541900 477743 477743 STUDENT CENTER INCOME 561439 4862 4862 30130 30130 2639205 86150462 72145459 253471 3669596 27272004 27272004 1115927 317409 598398 200120 19152800 17019184 1398634 734982 1283010 1128660 93692 60658 4362179 3847898 318548 195733 1343979 1182686 98144 63149 32232 32232 90446 90446 500000 500000 772237 521991 56393 193853 258642 239436 18887 319 1459791 1213448 106601 139742 755577 453346 302231 1712329 1586916 125043 370 1446854 1143081 105657 198116 11899 11030 869 4604527 4604527 3730803 3730803 419781 389116 30655 10 FOOD PURCHASES & BOOKST 2877573 2877573 CAMPUS GROUPS & MAY TER 1893466 1893466 SERVICE AGREEMENTS 991931 859922 72436 59573 REPAIRS AND MAINTENANCE 794341 736313 58007 21 2235509 2033807 163248 38454 79117837 64727286 12505451 1885100 7979771 12792285 2400000 5000000 1388069 1631604 3261583 3441919 305824 511297 784041 701361 138861690 40766377 100363454 98095313 37869099 45106522 22040237 21139726 3629699 4674853 180021777 193094880 5922950 6502712 2959834 2972198 160989 200847 83439981 82553066 4690676 4578843 97174430 96807666 X 36694321 40565917 9585582 15872198 36567444 39849099 82847347 96287214 180021777 193094880 7032625 6407242 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 31851 0 0 0 31851 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE COLLEGE PAYS MEMBERSHIP DUES TO VARIOUS ORGANIZATIONS, SOME PORTION OF WHICH MAY BE USED FOR LOBBYING IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. THE COLLEGE ALSO PAYS A CONSULTING FIRM THAT CONDUCTS LOBBYING AND REVIEWS APPROPRIATE GRANT AND OTHER FUNDING OPPORTUNITIES ON BEHALF OF THE COLLEGE. 14250 74150 X X 0 45679819 2445139 7150663 714057 1273811 53287753 49190421 1808279 -3476472 649266 1193143 45679819 40182889 2100248 8732948 621036 1204628 49190421 36575945 693726 4798095 647681 1237196 40182889 50105268 4626170 -16233325 650680 1271488 36575945 0.31000 0.69000 0 0 126550 3555780 3682330 118816882 31746462 87070420 6460266 4138254 2322012 9902212 4881661 5020551 98095313 CSV - LIFE INSURANCE 2404939 F OTHER 7101125 F FUND OF HEDGE FUNDS 11633662 F 21139726 STUDENT DEPOSITS 950730 ANNUITIES PAYABLE 2874573 DEPOSITS HELD IN CUSTODY 211540 ASSET RETIREMENT OBLIGATION 542000 4578843 X 64802904 6407242 6407242 58395662 500000 27254800 27754800 86150462 51363037 280917 280917 51082120 500000 27535717 28035717 79117837 PART III, LINE 4: THE COLLEGE DOES NOT HAVE A SIGNIFICANT ART COLLECTION. THE ITEMS THAT ARE HELD ARE USED FOR EDUCATIONAL PURPOSES IN VARIOUS COURSES AND FOR THE BENEFIT OF THE GENERAL PUBLIC. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE EDUCATIONAL AND OTHER SUPPORT SERVICES PROVIDED TO THE STUDENT BODY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2013 AND 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENTS - LOSS -178,270. RENTAL EXPENSES -102,647. FINANCIAL AID 27,272,004. GAIN ON DISPOSAL OF PLANT ASSETS 263,713. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENTS - LOSS 178,270. RENTAL EXPENSES 102,647. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 27,272,004. GAIN ON DISPOSAL OF PLANT ASSETS 263,713. 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 COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, SEX, COLOR, SEXUAL ORIENTATION, HANDICAP, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG, AND THE COLLEGE'S WEBSITE. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED BY THE COLLEGE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PELL GRANT PROGRAM, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG), FEDERAL WORKSTUDY PROGRAM AND FEDERAL PERKINS LOAN PROGRAM. THE COLLEGE ALSO RECEIVES SUPPORT FROM THE STATE OF IOWA THROUGH THEIR TUITION GRANT PROGRAM AND OTHER RELATED STATE PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SEE PART V 100295 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICE SEE PART V 15447 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SEE PART V 168470 NORTH AMERICA (INCLUDING CANADA AND MEXICO BUT NOT THE UNITED STATES) 0 0 PROGRAM SERVICE SEE PART V 711 SOUTH AMERICA 0 0 PROGRAM SERVICES SEE PART V 521 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE SEE PART V 2578 0 0 0 0 0 0 288022 0 288022 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3 - COLUMN (E): LINE 1 - INSTRUCTION AND STUDENT SERVICES; LINE 2 - INSTITUTIONAL SUPPORT, INSTRUCTION AND STUDENT SERVICES; LINE 3 - INSTITUTIONAL SUPPORT, ACADEMIC SUPPORT, INSTRUCTION AND STUDENT SERVICES; LINE 4 - INSTRUCTION AND STUDENT SERVICES; LINE 6 - INSTRUCTION; LINE 7 - INSTRUCTION; 1 INSTITUTIONAL SCHOLARSHIPS AND GRANTS 1707 1255822 25860437 TUITION DISCOUNTING INSTITUTIONAL SCHOLARSHIPS AND GRANTS ARE USED AS A DIRECT REDUCTION OF THE TUITION THAT EACH FULL-TIME STUDENT IS REQUIRED TO PAY. SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT 336 155745 FAIR MARKET VALUE SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (SEOG) IS A FEDERAL GRANT THAT IS AWARDED BY THE COLLEGE TO QUALIFIED STUDENTS IN ORDER TO REDUCE THE COST THE STUDENT MUST PAY FOR THEIR EDUCATION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE PROVIDES GRANTS AND SCHOLARSHIPS TO ITS FULL-TIME, DEGREE SEEKING STUDENTS, BY CREDITING SUCH AMOUNTS DIRECTLY TO THEIR STUDENT ACCOUNTS, TO BE ONLY USED AS AN OFFSET FOR TUITION. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DARREL COLSON 227291 0 0 0 43128 0 18220 0 13978 0 302617 0 0 0 EDITH WALDSTEIN 125188 0 0 0 3032 0 10240 0 15067 0 153527 0 0 0 GARY GRACE 120550 0 0 0 4223 0 10103 0 18328 0 153204 0 0 0 SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART I, LINE 4 - THE COLLEGE HAD A CODE SECTION 457(F) DEFERRED COMPENSATION AGREEMENT WITH PRESIDENT COLSON. UNDER THE AGREEMENT, THE COLLEGE MAINTAINED A DEFERRED COMPENSATION ACCOUNT THAT CONSIDERED AN APPROPRIATE PERCENTAGE OF THE PRESIDENT'S SALARY, AS WELL AS RELATED EARNINGS (LOSSES). THE AMOUNTS CREDITED TO SUCH AN ACCOUNT WERE TO BECOME FULLY VESTED WITH THE PRESIDENT ON THE EARLIEST OF (1) THE DATE THE PRESIDENT REACHED AGE 57, (2) THE DATE THE PRESIDENT TERMINATED EMPLOYMENT DUE TO DISABILITY, (3) THE DATE OF THE PRESIDENT'S DEATH, OR (4) THE DATE OF THE PRESIDENT'S INVOLUNTARY TERMINATION OF EMPLOYMENT (IN WHICH CASE THE PRESIDENT WOULD FORFEIT THE ENTIRE VALUE OF THE ACCOUNT). DURING 2012, PRESIDENT COLSON MET THE AGE STIPULATION AND THE PROCEEDS OF THE ACCOUNT WERE DISTRIBUTED TO HIM IN FULL. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460VZ6 2005-12-29 49918166 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460VY9 2005-12-29 36706381 SEE PART VI 0 0 0 A 3110000 64774453 3722680 992887 60058886 2005 0 1 1 1 B 235000 39020522 3193864 3552458 734128 31540072 2008 0 0 1 1 A 0 0 0 0 0 0 1 B 0 1 0 0 0.01760 0.01760 0 0 1 A 0 0 0 1 0 0 1 SEE PART VI 5.000000000000 1 0 1 B 0 0 0 1 0 0 1 SEE PART VI 5.000000000000 1 0 1 A 1 B 1 SCHEDULE K, PART 1, COLUMN F - LINE A: THE 2005 SERIES A BOND PROCEEDS WERE USED TO ADVANCE REFUND THE 2002 (7/10/02) BONDS. SCHEDULE K, PART 1, COLUMN F - LINE B: THE 2005 SERIES B BOND PROCEEDS WERE USED TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING, IMPROVING, AND EQUIPPING THE WELLNESS CENTER, TO PAY CAPITALIZED INTEREST DURING CONSTRUCTION OF THE WELLNESS CENTER, AND TO FUND THE SERIES B DEBT SERVICE RESERVE FUND. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C: COLUMN A: (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2010 SCHEDULE K, PART IV, LINE 2C: COLUMN B: (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2010 SCHEDULE K, PART IV, LINE 5B: COLUMN A: RESERVE FUND - ROYAL BANK OF CANADA, ESCROW FUND - MBIA, INC SCHEDULE K, PART IV, LINE 5B: COLUMN B: CONSTRUCTION FUND - MORGAN STANLEY, RESERVE FUND - ROYAL BANK OF CANADA, CAPITALIZED INTEREST FUND - MORGAN STANLEY SCHEDULE K, PART IV, LINE 5C: COLUMN A: RESERVE FUND - 5 YRS, ESCROW FUND - 6.8 YRS SCHEDULE K, PART IV, LINE 5C: COLUMN B: CONSTRUCTION FUND - 2.4 YRS , RESERVE FUND - 5 YRS, CAPITALIZED INTEREST FUND - 2.4 YRS DISCLOSURE SUBJECT TO FERPA LAWS 56500 MERIT SCHOLARSHIPS STUDENT FINANCIAL AID DISCLOSURE SUBJECT TO FERPA LAWS 28050 TUITION REMISSION STUDENT FINANCIAL AID ME & V PARTIAL OWNER IS A FAMILY MEMBER OF LIZ MATHIS, REGENT. 261609 MARKETING AND ADVERTISING SERVICES PROVIDED IN THE ORDINARY COURSE OF BUSINESS. FEES CHARGED ARE NORMAL AND REASONABLE FOR THE SERVICES PROVIDED. LIZ MATHIS HAS NO CONTROL OVER ME & V 0 FRED WALDSTEIN FAMILY MEMBER OF EDITH WALDSTEIN, VICE PRESIDENT OF ENROLLMENT MANAGEMENT 90383 EMPLOYED AS FACULTY; PROFESSOR OF POLITICAL SCIENCE. REPORTS TO THE VICE PRESIDENT FOR ACADEMIC AFFAIRS. FAMILY MEMBER EDITH WALDSTEIN, VICE PRESIDENT FOR ENROLLMENT MANAGEMENT, HAS NO CONTROL OVER FACULTY COMPENSATION OR GOVERNANCE. 0 X 1 14250 VALUE - TIME OF DONATION X 31 2000017 AVG HI/LOW DATE OF GIFT X 1 903 AVG HI/LOW DATE OF GIFT X 1 110250 FMV X HARVESTED CROPS 1 3520 AVG HI/LOW ON DATE OF GIFT 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE PROVIDES PRELIMINARY TAX RETURN INFORMATION VIA SELECTED WORKPAPERS AND A SPECIALIZED TEMPLATE TO THE AUDIT FIRM. THE AUDIT FIRM THEN USES SPECIALIZED PROPRIETARY 990 TAX FORM SOFTWARE TO PERFORM DIAGNOSTICS AND PREPARE A DRAFT OF THE FORM 990 BASED ON INFORMATION PROVIDED TO THEM AND THEIR KNOWLEDGE OF HOW TO COMPLETE THE 990. AFTER RECEIVING THE DRAFT FORM 990 FROM THE AUDIT FIRM, PERSONNEL FROM THE BUSINESS OFFICE REVIEW THE DRAFT, RECONCILING INFORMATION BACK TO SUPPORTING WORK PAPERS WHERE POSSIBLE AND REVIEWING OTHER INFORMATION FOR COMPLETENESS, ACCURACY, CONSISTENCY, AND REASONABLENESS. NEXT, THE PRESIDENT'S CABINET AND THE BOARD'S AUDIT COMMITTEE MEMBERS REVIEW THE DRAFT OF THE FORM 990 FOR COMPLETENESS, ACCURACY, CONSISTENCY, AND REASONABLENESS. FEEDBACK FROM ALL REVIEW IS FORWARDED TO THE AUDIT FIRM, AND THE FORM 990 IS UPDATED ACCORDINGLY. A COPY OF THE FORM 990 (WITH DONOR NAMES REMOVED) IS POSTED TO THE SECURE, CONFIDENTIAL BOARD OF REGENTS WEB SITE, AND AN EMAIL IS SENT TO ALL BOARD MEMBERS NOTIFYING THEM THAT THE 990 IS AVAILABLE FOR REVIEW. FEEDBACK PROVIDED FROM THE BOARD MEMBERS IS REVIEWED AND DISCUSSED WITH INDIVIDUAL BOARD MEMBERS AS NECESSARY AND APPROPRIATE. ALL FEEDBACK THAT REQUIRES A SIGNIFICANT CHANGE TO THE FORM 990 IS PROVIDED IN A SUMMARY FASHION TO ALL BOARD MEMBERS, TO ALLOW ADDITIONAL FEEDBACK OR COMMENTS. THE FINAL APPROVED FEEDBACK IS GIVEN TO THE AUDIT FIRM TO INCORPORATE IN THE FINAL FORM 990. THE BOARD RECEIVES THE FINAL FORM 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED, UPDATED, AND APPROVED ANNUALLY BY THE BOARD. BOARD MEMBERS AND KEY EMPLOYEES ARE REMINDED OF THEIR RESPONSIBILITY TO FOLLOW THE CONFLICT OF INTEREST POLICY. BUSINESS OFFICE PERSONNEL ARE FAMILIAR WITH THE VENDORS USED BY THE COLLEGE AND WOULD FOLLOW THE CONFLICT OF INTEREST POLICY IF THERE WERE ANY POTENTIAL TRANSACTIONS THAT WOULD FALL WITHIN THE SCOPE OF THAT POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF REGENTS ESTABLISHES COMPENSATION FOR THE PRESIDENT INITIALLY AND ANNUALLY, APPLYING ALL ELEMENTS NOTED IN THIS LINE'S QUERY. THE COMPARATOR GROUP IS LIMITED TO LIBERAL ARTS COLLEGES WITH COMPARABLE ENROLLMENTS, INCLUDING OTHER ELCA RELATED COLLEGES. THE PRESIDENT ESTABLISHES COMPENSATION FOR THE PRESIDENT'S CABINET INITIALLY AND ANNUALLY, APPLYING ALL ELEMENTS NOTED IN THIS LINE'S QUERY. THE COMPARATOR GROUP IS LIMITED TO LIBERAL ARTS COLLEGES WITH COMPARABLE ENROLLMENTS, INCLUDING OTHER ELCA-RELATED COLLEGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.