2013-02-04T16:11:54-06:00 2012-06-30 420714325 MCGLADREY & PULLEN LLP 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2011-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 BARBARA PARKS POOLEY 3193686470 2013-01-22 1 KAY HEGARTY P00091057 3192985333 2011 2016-02-25 16:41:14Z CHRISTOPHER BLAKE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 52251659 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,800 STUDENTS 34 33 932 286 0 0 2127922 4222890 31064023 33951743 1499018 434022 275569 352905 34966532 38961560 7836917 8656841 0 0 15878446 16843791 95877 73083 1368215 9870655 11200284 33681895 36773999 1284637 2187561 66796150 69042335 14997480 15760493 51798670 53281842 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 1 0 18033926 8656841 30192049 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MBA, MA IN EDUCATION (GRADUATE PROGRAMS) AND BA, BS, BAS AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2011, THERE WERE 1,099 TRADITIONAL, 414 ACCELERATED AND 286 GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,265; GRADUATE FTE WAS 241. 3677788 3451029 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3122629 308665 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 4959847 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 4959847 29794190 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 127 0 1 932 1 0 1 CJ 0 0 0 0 0 0 0 0 X 34 33 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARBARA PARKS POOLEY VP FOR FINANCE 3193638213 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 CHARLES A ROHDE 1.00 X X 0 0 0 SR MARY LOU PODZIMEK 1.00 X X 0 0 0 SR MARGARET WEIGEL 1.00 X X 0 0 0 MARTIN L ANDREAS 1.00 X 0 0 0 THOMAS C BARBEE 1.00 X 0 0 0 BARBARA A BARHAMAND 1.00 X 0 0 0 F JAMES BRADLEY 1.00 X 0 0 0 MICHELE M BUSSE 1.00 X 0 0 0 TERRI A CHRISTOFFERSEN 1.00 X 0 0 0 LOREN L COPPOCK 1.00 X 0 0 0 MAGDA M GOLOBIC 1.00 X 0 0 0 CAMELA C GREIF 1.00 X 0 0 0 SR DELORES HANNON 1.00 X 0 0 0 NANCY KASPAREK 1.00 X 0 0 0 DICK KETTELKAMP 1.00 X 0 0 0 BARBARA A KNAPP 1.00 X 0 0 0 C JOHN LINGE 1.00 X 0 0 0 SCOTT B LYNCH 1.00 X 0 0 0 JAMES M NIKRANT 1.00 X 0 0 0 H THOMAS REED 1.00 X 0 0 0 JOHN M RINDERKNECHT 1.00 X 0 0 0 EMMETT SCHERRMAN 1.00 X 0 0 0 ROBERT R SCHOEBERL 1.00 X 0 0 0 DYAN C SMITH 1.00 X 0 0 0 MARGEE STAMPER 1.00 X 0 0 0 SR KATHY R THORNTON 1.00 X 0 0 0 CHRISTOPHER BLAKE 40.00 X X 285772 0 62497 REV MSGR THOMAS E TOALE 1.00 X 0 0 0 ROBERT F KAZIMOUR 1.00 X 0 0 0 BRUCE KING 1.00 X 0 0 0 PAT FALCONIO 1.00 X 0 0 0 BRANDT A WORLEY 1.00 X X 0 0 0 DAWN M BAZARKA 1.00 X 0 0 0 RONALD J HEROLD 1.00 X 0 0 0 BARBARA PARKS POOLEY 40.00 X 128085 0 22703 JENNIFER OATEY 40.00 X 128288 0 25034 542145 0 110234 3 0 1 0 ARAMARK CORPORATION 6000 FELDWOOD ROAD COLLEGE PARK PA 30349 FOOD SERVICE 1804996 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 CONTRACTOR 1517498 COMMON SENSE ADVERTISING PO BOX 1815 IOWA CITY IA 52244 ADVERTISING 238930 OPTIONS OF LINN COUNTY 930 1ST ST SW CEDAR RAPIDS IA 52404 HOUSEKEEPING 155388 STAMATS 615 5TH ST SE CEDAR RAPIDS IA 52406 MARKETING 130548 10 42810 180704 3999376 160393 4222890 TUITION & FEES 611600 29882753 29882753 AUXILARY SERVICE 611710 3451029 3451029 FEES & ASSESSMENTS 611710 308665 308665 MISCELLANEOUS 611710 296661 296661 STUDENT FEES 611710 12635 12635 33951743 483613 483613 12645185 12653572 41204 -8387 -41204 -49591 -49591 13500 42810 8349 5151 5151 934728 586974 347754 347754 38961560 33951743 0 786927 8656841 8656841 699618 244795 369823 85000 12580487 10986598 1170913 422976 604485 511123 70153 23209 2056730 1739069 238692 78969 902471 756198 100740 45533 75375 75375 92491 92491 73083 73083 91817 91817 1612158 1612158 989111 34364 954747 1382380 1084392 218444 79544 569238 459744 80941 28553 440281 327464 90599 22218 123364 73354 45310 4700 227538 227538 1788576 1467300 230148 91128 245039 67788 174531 2720 EQUIPMENT RENTAL & MAIN 1346571 839240 479004 28327 OTHER EXPENSES 936701 -2661 632926 306436 CONTRACTED SERVICES 697043 406278 235640 55125 STUDENT/ATHLETIC/FUNCTI 582601 530145 31762 20694 36773999 29794190 5611594 1368215 3687 3687 2234765 1794650 3039248 5222031 2170249 2604479 106685 126058 456855 528210 58493833 23511155 33955450 34982678 19388740 18637949 3151000 3009409 2099977 1943690 189494 189494 66796150 69042335 3462985 2751898 928445 414772 7747234 9346717 567465 620566 2291351 2626540 14997480 15760493 X 28625350 33055414 9415618 6058843 13757702 14167585 51798670 53281842 66796150 69042335 X 2187561 -704389 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23585566 692214 -293968 897667 23086145 19641585 349299 4436641 841959 23585566 16034256 1537585 2688560 618816 19641585 21841519 308958 -5146191 970030 16034256 0.27430 0.72570 0 0 140000 891204 1031204 46157966 16068594 30089372 9661376 6446664 3214712 1643287 995897 647390 34982678 ANNUITIES PAYABLE 127000 DUE TO US GOVT PROGRAM 1782990 CAPITAL LEASE AGREEMENTS 716550 2626540 38961560 36773999 2187561 -670889 10000 -43500 -704389 1483172 30138987 10000 -175732 -165732 30304719 8656841 8656841 38961560 28612315 586974 586974 28025341 8748658 8748658 36773999 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2012 AND 2011, 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 THE FISCAL YEARS ENDED JUNE 30, 2008 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -43,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 586,974. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -91,817. NET UNREALIZED LOSS ON INVESTMENTS -670,889. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 8,656,841. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 586,974. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 8,656,841. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 91,817. 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 EQUAL OPPORTUNITY POLICY PUBLISHED IN THE MOUNT MERCY UNIVERSITY CATALOG. SEE PART II FOR POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. ADDITIONAL EXPLANATION FOR NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 APPLICANTS FOR ADMISSION AND EMPLOYMENT, STUDENTS, EMPLOYEES & SOURCES OF REFERRAL OF APPLICATIONS FOR ADMISSION & EMPLOYMENT ARE HEREBY NOTIFIED THAT MOUNT MERCY UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF AGE, RACE, RELIGION, CREED, COLOR, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, ANCESTRY OR DISABILITY IN ADMISSION OR ACCESS TO, OR TREATMENT OR EMPLOYMENT IN, ITS PROGRAMS & ACTIVITIES, SERVICES OR PRACTICES. ANY PERSON HAVING INQUIRIES CONCERNING THE UNIVERSITY'S COMPLIANCE WITH THE REGULATIONS IMPLEMENTING TITLE VI, TITLE IX & SECTION 504 OF THE REHABILITATION ACT OF 1973 & THE AMERICANS WITH DISABILITY ACT IS DIRECTED TO CONTACT EQUAL OPPORTUNITY OFFICER, 319-363-8213, WHO HAS BEEN DESIGNATED AS THE EQUAL EMPLOYMENT OPPORTUNITY & AFFIRMATIVE ACTION OFFICER. ANY PERSON ALSO MAY CONTACT THE DEPARTMENT OF EDUCATION REGARDING THE UNIVERSITY'S COMPLIANCE WITH REGULATIONS IMPLEMENTING TITLE VI, TITLE IX & SECTION 504 OF THE REHABILITATION ACT OF 1973 & THE AMERICANS WITH DISABILITY ACT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2148000 0 0 0 0 0 0 2148000 0 2148000 0 0 0 0 0 0 X X X X X X X 1 RUFFALO CODY 65 KIRKWOOD NORTH RD SW CEDAR RAPIDS IA 52404 RESEARCH DIRECT MAIL & EMAIL SOLICITATION 0 142019 51263 90756 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTANT 0 0 21820 -21820 142019 73083 68936 IA GOLF OUTING 56310 42810 13500 100 5934 2315 56310 42810 13500 100 5934 2315 8349 5151 1 ENDOWED SCHOLARSHIPS 225 339500 ATHLETIC SCHOLARSHIPS 303 911457 MERIT SCHOLARSHIPS 1252 7405884 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED SUCCESSFULLY COMPLETED CUMULATIVE GPA YEAR 1 24 1.70 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER BLAKE 228603 0 11362 0 45807 0 30216 0 32281 0 348269 0 0 0 BARBARA PARKS POOLEY 126513 0 1000 0 572 0 0 0 22703 0 150788 0 0 0 JENNIFER OATEY 127514 0 0 0 774 0 7696 0 17338 0 153322 0 0 0 PART I, LINE 1A ON THE OFFICER'S W-2S, EXPENSES PAID FOR TRAVEL FOR COMPANIONS ARE SHOWN AS TAXABLE WAGES. THE HOUSING ALLOWANCE AND PERSONAL SERVICES IS FOR THE HOUSE THAT MOUNT MERCY UNIVERSITY OWNS AND THE PRESIDENT RESIDES IN WHERE HE CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND HOLDS COLLEGE RELATED ENTERTAINMENT FUNCTIONS. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. LINN COUNTY IA 426004338 2010-06-18 9970000 FINANCE LAND, BLDG & EQUIPMENT 0 0 0 431333 9970000 27136 9778050 164814 2012 0 1 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 1 US BANK 75.000000000000 0 0 0 0 1 X CHRISTOPHER BLAKE X 5120 1671 0 1 1 1671 X 1 34565 APPRAISAL X 1142 FMV X 8 66102 MEANS PRICE X 1 74 FMV X SUPPLIES 5 3934 SALES PRICE X EQUIPMENT 4 3118 FMV X CERTIFICATES/TICKETS 2 2015 ACTUAL X TRAVEL EXPENSE 1 495 ACTUAL X EMERGENCY MASS NOTIFICATION SYSTEM 1 38950 ACTUAL 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE UNIVERSITY RECEIVED ITS EQUITABLE PORTION OF THE MCELROY LOAN FUND TRUST EFFECTIVE FEBRUARY 29, 2012. THE UNIVERSITY WILL CONTINUE TO USE THE ASSETS FROM THE TRUST TO DISBURSE LOANS TO STUDENTS AND USE THE SAME CRITERIA FOR LENDING. FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDING TO THE BY-LAWS OF THE UNIVERSITY, PRIOR TO SUBMISSION TO THE BOARD OF TRUSTEES FOR APPROVAL, NAMES FOR INTITIAL TRUSTEE SERVICE WILL BE SUBMITTED TO CONFERENCE OF MERCY HIGHER EDUCATION (CMHE). CMHE WILL HAVE THIRTY CALENDAR DAYS TO CONFIRM OR REJECT THE SUBMISSION. CONFIRMATION WILL NOT BE UNREASONABLY REFUSED. IF CMHE DOES NOT OBJECT WITHIN THIRTY DAYS OF RECEIPT OF THE SUBMISSION, THE SUBMISSION WILL BE DEEMED TO BE CONFIRMED. IN PRACTICE, CMHE HAS NOT EXERCISED THE RIGHT TO CONFIRM OR REJECT THE SUBMISSION FOR INITIAL TRUSTEE SERVICE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT, PROVOST, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT AND VICE PRESIDENT FOR ENROLLMENT AND STUDENT AFFAIRS. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -670,889. DONATED SERVICES AND USE OF FACILITIES: 10,000. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -43,500. TOTAL TO FORM 990, PART XI, LINE 5: -704,389. TOTAL NUMBER OF VOLUNTEERS IS 286 FORM 990, PART I, LINE 6 VOLUNTEERS CONSIST OF VOLUNTEERS FOR BOARD MEMBERS AND PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. FORM 8886, PAGE 2, QUESTION 7B FORM 8886 THE PARTNERSHIP INVESTS IN FOREIGN FORWARD CONTRACTS, SECURITIES & RELATED FINANCIAL INSTRUMENTS FOR ITS OWN ACCOUNT. AS PART OF SUCH ACTIVITY, THE PARTNERSHIP HOLDS NON-U.S. DOLLAR DENOMINATED ASSETS & CURRENCIES. THE REGULAR ACTIVITY AND PURPOSE OF THE PARTNERSHIP IS TO GENERATE A PRE-TAX ECONOMIC RATE OF RETURN. THE AMOUNT OF SUCH NON-U.S. DOLLAR DENOMINATED ASSETS & CURRENCIES INCREASE AND/OR DECREASE THROUGHOUT THE YEAR AT FREQUENT INTERVALS. THE PARTNERSHIP HAS FORWARD CURRENCY TRANSACTIONS WHERE LOSSES WERE CLAIMED UNDER IRC SECTION 165 THAT EXCEEDED THE RELEVANT $2 MILLION REPORTABLE THRESHOLD. THE LOSSES ARE CHARACTERIZED AS ORDINARY LOSSES UNDER IRC SEC 988. THE PARTNERSHIP ALSO HAS FOREIGN BOND TRANSACTIONS WHEREBY ANY GAIN OR LOSS ON THE SALE OF THOSE BONDS IS BIFURCATED INTO A CURRENCY GAIN OR LOSS AND CAPITAL GAIN OR LOSS. CURRENCY LOSSES WERE CLAIMED UNDER SECTION 165 AND THOSE IN EXCESS OF THE $2 MILLION THRESHOLD ARE BEING DISCLOSED. THE LOSSES ARE CHARACERIZED AS ORDINARY LOSSES UNDER IRC SECTION 988. THE ADJUSTED TAX BASIS OF NON-U.S. DOLLAR DENOMINATED ASSETS & CURRENCIES OBTAINED BY THE PARTNERSHIP ARE DETERMINED BY WAY OF CASH PAID & GAINS & LOSSES ON SUCH TRANSACTIONS ARE CHARACTERIZED AS ORDINARY UNDER IRC SEC 988. THESE TRANSACTIONS ARE NOT PART OF A HEDGING STRATEGY OR STRADDLE TRANSACTION & PRODUCED REAL ECONOMIC LOSSES. THE ORGANIZATION'S SHARE OF THE REPORTABLE LOSS TRANSACTIONS RELATED TO THE BOND TRANSACTION IS: $4,134. FORM 8886 IS BEING FILED AS A PROTECTIVE MEASURE. MCELROY MOUNT MERCY LOAN FUND 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 421202191 SUPPORTING ORGANIZATION IA 501(C)(3) LINE 11A, I N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MCELROY MOUNT MERCY LOAN FUND R 482234 ACTUAL