2014-04-09T10:04:10-05:00 2013-05-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2012-06-01 350867977 BUTLER UNIVERSITY % BUTLER UNIV BUSINESS OFFICE BUTL 3179409779 4600 SUNSET AVENUE Suite INDIANAPOLIS IN 46208 BRUCE ARICK 3179409779 2014-04-15 true NICOLE B FISHBACK 3173834000 2012 2015-11-30 17:44:51Z JAMES DANKO 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 269683654 false X WWW.BUTLER.EDU X 1850 IN TO PROVIDE THE HIGHEST QUALITY LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE LIBERAL ARTS WITH PROFESSIONAL EDUCATION BY CREATING AND FOSTERING A STIMULATING INTELLECTUAL COMMUNITY. 30 29 3359 2200 -329785 -329785 12814380 28981691 167159492 179353716 7043710 9421563 103604 92528 187121186 217849498 48267856 52416261 0 0 84344449 87840491 0 0 2501232 51697673 56971265 184309978 197228017 2811208 20621481 364884292 408684876 130999904 130413182 233884388 278271694 X TO PROVIDE THE HIGHEST QUALITY OF LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE LIBERAL ARTS WITH PROFESSIONAL EDUCATION, BY CREATING AND FOSTERING A STIMULATING INTELLECTUAL COMMUNITY BUILT UPON INTERACTIVE DIALOGUE AND INQUIRY AMONG STUDENTS, FACULTY, AND STAFF. false false 174750082 52416261 179353716 EDUCATION BUTLER IS A NATIONALLY RECOGNIZED COMPREHENSIVE UNIVERSITY ENCOMPASSING SIX COLLEGES: ARTS, BUSINESS, COMMUNICATION, EDUCATION, LIBERAL ARTS AND SCIENCES, AND PHARMACY AND HEALTH SCIENCES. TOGETHER, THESE COLLEGES OFFER OVER 60 UNDERGRADUATE MAJORS, EIGHT PRE-PROFESSIONAL MAJORS, AND 19 GRADUATE PROGRAMS. AROUND 4,700 STUDENTS ARE ENROLLED AT BUTLER, REPRESENTING 45 STATES AND 49 COUNTRIES. NINETY-FIVE PERCENT OF BUTLER STUDENTS WILL HAVE PARTICIPATED IN SOME FORM OF INTERNSHIP, STUDENT TEACHING, CLINICAL ROTATION, RESEARCH, OR SERVICE LEARNING BY THE TIME THEY GRADUATE. THIS COMMUNITY-CENTERED IMMERSION IS COUPLED WITH CLASSROOM LEARNING THAT NURTURES CRITICAL THINKING, EFFECTIVE COMMUNICATION, COOPERATIVE TEAMWORK, AND ETHICAL DECISION MAKING TO PREPARE STUDENTS FOR BOTH PROFESSIONAL SUCCESS AND TO HAVE LASTING IMPACT IN THEIR COMMUNITIES. BUTLER'S OVERALL PLACEMENT RATE FOR THE CLASS OF 2012 WAS 94 PERCENT, INCLUDING 19 PERCENT WHO WENT ON TO GRADUATE OR PROFESSIONAL SCHOOL. AUXILIARY CLOWES MEMORIAL HALL BUTLER UNIVERSITY'S 2,200-SEAT CLOWES MEMORIAL HALL OPENED TO THE PUBLIC ON OCT. 18, 1963. THIS PROFESSIONAL PERFORMING ARTS FACILITY IS HOME TO CLOWES PRESENTS-AN ANNUAL SERIES OF MUSIC, THEATRE, AND DANCE PERFORMANCES-AND A K-12 EDUCATION PROGRAM. CLOWES IS ALSO THE HOME OF RESIDENT COMPANIES SUCH AS THE INDIANAPOLIS OPERA, JORDAN COLLEGE OF THE ARTS' MUSIC AT BUTLER, AND THE BUTLER BALLET. OTHER GREAT ORGANIZATIONS SUCH AS BROADWAY IN INDIANAPOLIS, MUSIC FOR ALL (BANDS OF AMERICA), BUTLER'S VISITING WRITERS SERIES, DIVERSITY LECTURE SERIES, AND RELIGION SEMINARS, ALL USE THE FACILITY. HEALTH AND RECREATION COMPLEX A HEALTH AND RECREATION COMPLEX THAT IS EQUIPPED WITH RECREATION COURTS, AN INDOOR JOGGING TRACK, AN AQUATICS AREA, A WEIGHT AND FITNESS SPACE, AND A LOUNGE AND A JUICE BAR, OPENED IN FALL 2006. STUDENTS ENROLLED IN AT LEAST 12 CREDIT HOURS ARE AUTOMATIC MEMBERS. MEMBERSHIP IS ALSO AVAILABLE TO UNIVERSITY FACULTY, STAFF, ALUMNI, AND A LIMITED NUMBER OF COMMUNITY MEMBERS. ATHLETICS BUTLER OFFERS 19 INTERCOLLEGIATE SPORTS. ALL COMPETE IN THE NCAA DIVISION 1 BIG EAST CONFERENCE, EXCEPT FOR FOOTBALL WHICH PARTICIPATES IN THE PIONEER FOOTBALL LEAGUE. OVER THE PAST FIVE YEARS, BUTLER TEAMS HAVE CAPTURED 26 CONFERENCE CHAMPIONSHIPS (BOTH REGULAR SEASON AND TOURNAMENT). THE BULLDOGS HAVE MADE APPEARANCES IN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS IN MEN'S AND WOMEN'S BASKETBALL, MEN'S SOCCER, VOLLEYBALL, MEN'S CROSS COUNTRY, LACROSSE, AND BASEBALL. CURRENTLY, BUTLER HAS OVER 350 STUDENT-ATHLETES. ROOM AND BOARD BUTLER STUDENTS CAN CHOOSE FROM A NUMBER OF HOUSING OPTIONS, INCLUDING AN UPPERCLASSMAN RESIDENTIAL APARTMENT VILLAGE, AN APARTMENT-STYLE RESIDENCE HALL, ONE ALL-WOMEN RESIDENCE HALL, TWO COEDUCATIONAL RESIDENCE HALLS WITH OPTIONAL LIVING-LEARNING CENTERS, AND A COMBINED 13 FRATERNITIES AND SORORITIES. ALL BUTLER UNDERGRADUATES ARE REQUIRED TO LIVE ON CAMPUS THROUGH JUNIOR YEAR. 174750082 true true false true false false true false true true true false false true false false true true true true false true false true false false false true true true true false false false false false true false true false true true false false false true true false false false true 6242 0 true 3359 true true true false false false false true true false false false false X 30 29 false false false false false false false true true false false false true true true true true true true false CA IN X BUTLER UNIV BUSINESS OFFICE 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 X GARY ALETTO 1.0 X DENNIS L BASSETT 1.0 1.0 X KATHRYN G BETLEY 1.0 1.0 X KEITH W BURKS 1.0 1.0 X X GARY BUTKUS 1.0 1.0 X JOHN D COOKE 1.0 1.0 X RICHARD CUMMINGS 1.0 1.0 X CLAUDE E DAVIS JR 1.0 1.0 X X ROLLIN M DICK 1.0 X JULIE RUSSELL DILTS 1.0 X JOHN B DUNN 1.0 X KEITH R FALLER 1.0 1.0 X CRAIG E FENNEMAN 1.0 1.0 X X THOMAS J FISCHER 1.0 1.0 X JOHN R HARGROVE 1.0 X JIM JOHNSTON 1.0 1.0 X RONALD LANGSTON 1.0 X JAMES P LILL 1.0 1.0 X BETTY L LOFTON 1.0 1.0 X BRYAN A MILLS 1.0 X JAMIE PHILLIPPE 1.0 X ROBERT N POSTLETHWAIT 1.0 X SHARI ALEXANDER RICHEYJUN-SEP 1.0 1.0 X JATINDER-BIR SINGH SANDHU 1.0 1.0 X HOWARD SCHROTT 1.0 1.0 X HOWARD L SHEARON 1.0 1.0 X JOSHUA SMILEY 1.0 X STEVEN F WALKER 1.0 X EUGENE G WHITE 1.0 1.0 X JAMES P WHITE 1.0 X X BILLIE LOU WOOD 1.0 X JAMES M DANKO 50.0 1.0 X 481424 0 50843 BRUCE ARICK 50.0 1.0 X 233690 35308 MARK HELMUSJUN-SEP 50.0 1.0 X 128346 19634 CAROL WROBLEWSKI JUNE-OCT 50.0 1.0 X 28489 6467 SHARI ALEXANDER RICHEYOCT-MAY 50.0 1.0 X 42500 87 BEN HUNTER 50.0 1.0 X 108077 11012 SUSAN WESTERMEYER 50.0 1.0 X 95009 20239 BRAD STEVENS 50.0 X 1161816 45939 LARRY O'CONNOR 50.0 X 228200 35020 BARRY COLLIER 50.0 X 297966 43154 MARY ANDRITZ 50.0 X 224565 28802 CHARLES WILLIAMS 50.0 X 224665 36471 3254747 0 332976 97 false true false IUPUI 420 UNIVERSITY BLVD INDIANAPOLIS IN 46202 EDU SERVICES 1924601 ARAMARK CATERING SERVICE 704 WEST HAMPTON DRIVE INDIANAPOLIS IN 46208 BOARD/CATERING 5613973 JOHNSON MELLOH INC PO BOX 421070 INDIANAPOLIS IN 462421070 CONSTRUCTION 1387180 US BANK CORPORATE PAYMENT SYSTEM PO BOX 790428 ST LOUIS MO 63179 CARD SERVICER 4247318 SHIEL SEXTON CO INC 902 N CAPITOL AVENUE INDIANAPOLIS IN 46204 CONSTRUCTION 7661850 86 35880 1902469 27043342 516934 28981691 STUDENT TUITION AND FEES 900099 142586462 142586462 RESIDENCE HALLS/ROOM & BOARD 611710 20258146 20258146 ATHLETIC REVENUE 611710 5828931 5828931 AUXILIARY REVENUE 900099 4010404 4010404 OTHER MISCELLANOUS 611710 6669773 6669773 179353716 3884660 -407145 4291805 0 0 109147 31787 0 77360 77360 77360 49652843 7668381 44451800 7332521 5201043 335860 5536903 5536903 33216 35880 18048 15168 15168 0 0 0 217849498 179353716 -329785 9843876 0 51595632 51595632 820629 820629 0 1261125 0 1261125 0 0 64173090 54836220 7959032 1377838 4700891 4004603 626759 69529 13268321 9131862 3898596 237863 4437064 3734147 618864 84053 0 429378 29868 399397 113 178210 12669 165541 5050 5050 0 9700 9700 10994813 9050845 1740945 203023 888700 688520 183998 16182 7668403 6437226 982763 248414 530757 413674 112324 4759 0 8982590 7951631 1028412 2547 5865158 5140174 537503 187481 0 373200 301659 63135 8406 3844553 3499822 344731 0 14158000 13094734 1063266 1349813 892334 424213 33266 ALLOCATION OF INDIRECT COSTS -5337904 -3372811 -1911298 -53795 AUXILIARY 1773814 1603870 148310 21634 DUES, FEES, & SUBSCRIPTIONS 3627464 3390513 172425 64526 REPAIRS & MAINTENANCE 876192 827250 48942 753374 659961 98020 -4607 197228017 174750082 19976703 2501232 0 0 17081539 4509110 7783319 17422536 2117479 2214431 0 0 0 0 12141749 11813944 225302 255831 1138165 1722053 337487706 205753158 118337288 131734548 135990272 178015031 46337962 46738917 0 0 0 0 23731217 14258475 364884292 408684876 14021129 17491521 0 0 6414417 7903586 100488289 95358084 0 0 0 0 0 0 0 0 10076069 9659991 130999904 130413182 X 68242586 86555271 28477206 52197636 137164596 139518787 233884388 278271694 364884292 408684876 20621481 23765825 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 5050 5050 false LOBBYING EXPENSES SCEHDUELE C, PART II-B BUTLER UNIVERSITY PAID A CONSULTANT, SHORT STRATEGY GROUP INC., TO LOBBY ON THEIR BEHALF AGAINST LEGISLATION THAT IF PASSED WOULD GIVE HIGHER EDUCATION INSTITUTIONS IN INDIANA THE RESPONSIBILITY OF LICENSING ALL PRIMARY EDUCATION TEACHERS. X X false 148077168 1950797 29152979 2482461 5097243 24901 171576339 162778763 2175363 -9511711 2405786 4959461 148077168 135891556 3272033 31515273 2515275 5384824 162778763 121617939 698601 21898697 2722098 5601583 135891556 173514699 4940842 -47919053 2900284 6018265 121617939 0.08770 0.91230 false true true 0 1475828 1475828 0 221685912 112847368 108838544 0 7345715 5983891 1361824 0 50641357 38721872 11919485 0 56338894 48200027 8138867 131734548 HEDGE FUND 8537712 F VENTURE CAPITAL - ALT INVEST 4735478 F REALTY - ALT INVEST 3229881 F PRIVATE EQUITY - ALT INVEST 7837470 F NATURAL RESOURCES - ALT INVEST 16065969 F LOANS/FIXED INC - ALT INVEST 6332407 F 46738917 0 ANNUITIES AND TRUST PAYABLE 1458197 ADV FROM GOV - STUDENT LOANS 7442810 FUNDS HELD FOR CAMPUS ORGS 758984 9659991 190057499 23765825 4921 853516 24624262 165433237 52416261 52416261 217849498 145187802 4921 371125 376046 144811756 52416261 52416261 197228017 EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 BUTLER UNIVERSITY MAINTAINS WORKS OF ART, MUSICAL INSTRUMENTS, AND A RARE BOOK COLLECTION FOR EDUCATION, SCHOLARLY RESEARCH, AND PRESERVATION FOR FUTURE GENERATIONS. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). THE ENDOWMENT IS AVAILABLE FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER INSTITUTIONAL SUPPORT. ASC 740 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE SCHEDULE D, PART XI LINE 2D: INCOME OF BUTLER FOUNDATION $835,468. FUNDRAISING EXPENSES $18,048. TOTAL $853,516. LINE 4B: SCHOLARSHIPS $52,416,261. RECONCILIATION OF EXPENSES SCHEDULE D, PART XII LINE 2D: EXPENSES OF BUTLER FOUNDATION $353,077. FUNDRAISING EXPENSES $18,048. TOTAL $371,125. LINE 4B: SCHOLARSHIPS $52,416,261. true true true true true true true false false false false false false false false true false true PUBLICATION OF THE ORGANIZATION'S NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 PER THE STUDENT HANDBOOK, "BUTLER UNIVERSITY IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY. IT DOES NOT KNOWINGLY DISCRIMINATE AGAINST ANY APPLICANT, STUDENT OR EMPLOYEE ON THE BASIS OF SEX, SEXUAL ORIENTATION, RACE, COLOR, AGE, RELIGION OR NATIONAL, ETHNIC OR GEOGRAPHICAL ORIGIN. IT ATTEMPTS TO MAKE ITS PROGRAMS EQUALLY ACCESSIBLE TO ALL QUALIFIED APPLICANTS REGARDLESS OF PHYSICAL OR MENTAL DISABILITY. THIS SCHOOL IS AUTHORIZED UNDER FEDERAL LAW TO ENROLL NON-IMMIGRANT ALIEN STUDENTS." FINANCIAL AID RECEIVED FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A BUTLER UNIVERSITY RECEIVES CERTAIN AMOUNTS FROM GOVERNMENTAL AGENCIES FOR SUPPORT OF ITS RESEARCH AND EDUCATIONAL PROGRAM. false Central America and the Caribbean 3 Program Services EDUCATION 42003 East Asia and the Pacific 3 Program Services EDUCATION 115079 Europe (Including Iceland and Greenland) 6 Program Services EDUCATION 278315 North America 2 Program Services EDUCATION 74781 Russia and the Newly Independent States 1 Program Services EDUCATION 14087 South America 1 Program Services EDUCATION 24535 Sub-Saharan Africa 1 Program Services EDUCATION 94028 Central America and the Caribbean Investments N/A 22700000 17 17 23342828 23342828 FINANCIAL AID FOR STUDENTS Central America and the Caribbean 1 9750 SEE PART V FINANCIAL AID FOR STUDENTS East Asia and the Pacific 26 156264 SEE PART V FINANCIAL AID FOR STUDENTS Europe (Including Iceland and Greenland) 109 605525 SEE PART V FINANCIAL AID FOR STUDENTS South America 6 28350 SEE PART V FINANCIAL AID FOR STUDENTS South Asia 1 16640 SEE PART V FINANCIAL AID FOR STUDENTS Sub-Saharan Africa 1 4100 SEE PART V true false true true true false PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PART I, LINE 2 BUTLER UNIVERSITY HAS STUDENTS WHO STUDY ABROAD. THE FINANCIAL AID RECEIVED BY STUDENTS WHO STUDY ABROAD IS A REDUCTION OR WAIVER OF BUTLER UNIVERSITY TUITION WHILE THE STUDENT IS STUDYING ABROAD. BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. GOLFEST 69096 35880 33216 2330 14038 1680 0 69096 35880 33216 2330 14038 1680 18048 15168 true SCHOLARSHIPS FOR STUDENTS 3670 51595632 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART I, LINE 2 BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. X X X true true X X X X false false false false false false false false false JAMES M DANKO 471938 0 0 0 9486 0 42000 0 8843 0 532267 0 0 0 BRUCE ARICK 233690 0 0 23369 11939 268998 0 BRAD STEVENS 373490 775000 13326 34000 11939 1207755 0 LARRY O'CONNOR 226950 1250 0 22695 12325 263220 0 BARRY COLLIER 290367 0 7599 29037 14117 341120 0 MARY ANDRITZ 223444 0 1121 22344 6458 253367 0 CHARLES WILLIAMS 223544 0 1121 22354 14117 261136 0 OTHER BENEFITS SCHEDULE J, PART I, LINE 1A BUTLER UNIVERSITY PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR JAMES DANKO, THE UNIVERSITY'S PRESIDENT. THE RESIDENCE AND HOUSEHOLD SERVICES ARE NOT INCLUDED IN MR. DANKO'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF BUTLER UNIVERSITY, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. JAMES DANKO WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO BUTLER'S CAMPUS. BUTLER UNIVERSITY PROVIDED A FIXED PAYMENT TO JAMES DANKO FOR TRANSITION TO HIS ROLE AS PRESIDENT OF THE UNIVERSITY AS OUTLINED IN HIS WRITTEN EMPLOYMENT CONTRACT. BUTLER UNIVERSITY PAYS SOCIAL CLUB DUES FOR JAMES DANKO, BARRY COLLIER, AND BRAD STEVENS. THE PERSONAL USE OF THESE DUES IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME. A INDIANA FINANCE AUTHORITY 521698917 2011-09-21 17275000 REFUND PTN SERIES 2001 BONDS false false B INDIANA FINANCE AUTHORITY 521698917 2011-09-21 13360000 REFUND PTN SERIES 2004 BONDS false false false C INDIANA FINANCE AUTHORITY 521698917 2011-09-21 10110000 CONSTRUCTION, HVAC, AND ENERGY MGM false false false D INDIANA FINANCE AUTHORITY 521698917 4550573HO 2012-04-25 15305000 REFUND PTN SERIES 2001 BONDS false false false A 0 0 17275000 0 0 17147044 127956 0 0 0 0 0 1991 true false true true B 0 0 13360000 0 0 13243811 116189 0 0 0 0 0 2006 true false true true C 0 0 10110000 0 0 0 110000 0 10000000 0 0 0 2013 true false true true D 0 0 16656524 1665652 0 14845327 145545 0 0 0 0 0 1991 true false true true A false false true true false 0.00000 0.00000 0.00000 true false false true B false false true true false 0.00810 0.03150 0.03960 true false false true C false false true true false 0 0.01900 0.01900 true false false true D false false true true false 0 true false false true A true false false 0 false 0 true false B true false false 0 false 0 true false C true false false 0 false 0 true false D true false false 0 false 0 true false A true B true C true D true A INDIANA FINANCE AUTHORITY 521698917 4550573HO 2012-04-25 35395000 REFUND PTN SERIES 2004 BONDS false false false A 0 0 37233309 3599750 0 33305153 328385 0 0 0 0 0 2006 true false true true A false false true true false 0.00810 0.03150 0.03960 true false false true A true false false 0 false 0 true true A true 8200 SCHOLARSHIP FINANCIAL AID JAMES M DANKO FAMILY MEMBER 40053 EMPLOYMENT false FINANCIAL AID TO INTERESTED PERSONS AND/OR FAMILY MEMBERS SCHEDULE L PART III THE AMOUNT LISTED IN PART III REPRESENTS FINANCIAL AID THAT WAS AWARDED TO INTERESTED PERSONS AND/OR FAMILY MEMBERS. THE ONLY AMOUNTS AWARDED ARE SCHOLARSHIPS AND FINANCIAL AID AWARDS. THESE FUNDS ARE DISBURSED BY THE COLLEGE'S FINANCIAL AID DEPARTMENT IN STRICT ADHERENCE TO ALL FEDERAL AND STATE REGULATIONS. X 2688 COST X 53 450007 STOCK QUOTE X ATHLETIC EQUIPMENT 2 8700 COST X BANNERS/SIGNS/PICTURES 23 16679 COST X BIKE RACK 1 1360 COST X CDS/MUSIC 3 60 COST X DRUM SET 1 0 COST X FOOD AND BEVERAGE 5 818 COST X FURNITURE 2 1198 COST X JERSEYS 2 481 COST X MUSICAL SCORES 5 0 COST X OFFICE SUPPLIES/PAPER 9 1500 COST X PIANOS 6 22995 COST X PRINT/DIGITAL 1 250 COST X PRIZES 17 5438 COST X SCIENCE EQUIPMENT 1 0 COST X STAGE CURTAIN 1 1800 COST X TEACUP AND PLATE COLLECTION 1 2960 COST 0 false true true USE OF THIRD PARTIES TO SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32A BUTLER UNIVERSITY USES WELLS FARGO TO SELL DONATIONS OF STOCK. PROCESS TO REVIEW FORM 990 FORM 990, PART VI, LINE 11A BUTLER UNIVERSITY'S BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE BUTLER UNIVERSITY AUDIT COMMITTEE. IN ADDITION, BUTLER'S OUTSIDE ACCOUNTING FIRM REVIEWED THE FORM 990 PRIOR TO FILING. BUTLER UTILIZED THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVED SUBSTANTIVE REVIEW BY DIRECTORS AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF BUTLER'S ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING AND TAX EXPERTISE. MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C BUTLER UNIVERSITY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH BUTLER UNIVERSITY. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION MAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF BUTLER UNIVERSITY, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, THE AUDIT COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. IN ADDITION, THE EXECUTIVE STAFF IS RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF BUTLER UNIVERSITY. PROCESS TO DETERMINE PRESIDENT & OFFICER COMPENSATION FORM 990, PART VI, LINES 15A & 15B BUTLER UNIVERSITY HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY THAT ENSURES THAT ALL COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. BUTLER UNIVERSITY HAS DELEGATED AUTHORITY REGARDING EXECUTIVE COMPENSATION MATTERS TO THE EXECUTIVE COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. THE COMMITTEE IS RESPONSIBLE FOR APPLYING THE TERMS AND PROCESS OF THE EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY AS OUTLINED ABOVE. AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS FORM 990, PART VI, LINE 19 THE UNIVERSITY MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE UNIVERSITY'S BUSINESS OFFICE AND LIBRARY. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. COMPENSATION OF TRUSTEES FORM 990, PART VII DURING OCTOBER 2012, SHARI ALEXANDER RICHEY WAS HIRED AS AN EMPLOYEE OF BUTLER UNIVERSITY. UPON HER EMPLOYMENT, SHE RESIGNED FROM HER POSITION ON THE BOARD OF DIRECTORS. WHILE SERVING AS A TRUSTEE, SHE RECEIVED NO COMPENSATION FROM BUTLER UNIVERSITY. BUTLER FOUNDATION 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 356016441 GIFT RECEIPT IN 501(C)(3) 11A BUTLER UNIV true CHARITABLE REMAINDER TRUSTS (4) TRUST IN NA TRUST false false false false false false false false false false false false false false false false false false false