2013-05-14T15:52:56-05:00 2012-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2011-07-01 460224600 UNIVERSITY OF SIOUX FALLS UNIV 6053316592 1101 WEST 22ND STREET SIOUX FALLS SD 571051600 MARK BENEDETTO 6053316592 2013-05-14 1 LAURIE HANSON P00851848 6053391999 2013-05-14 2011 2016-02-24 21:20:13Z MARK BENEDETTO 1101 WEST 22ND STREET SIOUX FALLS SD 571051600 33131235 0 X WWW.USIOUXFALLS.EDU X 1883 SD AS A CHRISTIAN UNIVERSITY, USF EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES, AND PROFESSIONS. 46 44 859 50 38263 -67374 2836414 4626249 27941518 27641412 150407 261954 129552 105002 31057891 32634617 9261758 9779506 0 0 11573539 12237668 0 0 525547 10141228 10415323 30976525 32432497 81366 202120 77225786 76115576 28714148 28218895 48511638 47896681 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 26485671 9779506 27707004 PRIVATE LIBERAL ARTS HIGHER EDUCATION--PROVIDING EDUCATION TO 1,488 STUDENTS WORKING TOWARD ASSOCIATES, BACHELORS, AND MASTERS DEGREES. 26485671 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 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 103 0 1 859 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 44 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 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 DAVE CLEVELAND 5.00 X 0 0 0 DR JOHN COLLIER 5.00 X 0 0 0 SHIRLEY DIAMOND 5.00 X 0 0 0 JAN DEWITT 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 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 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 REV FRANK NELSON 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 5.00 X 0 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 KIMBERLEY THUNE 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 TIENA ZBORNIK 5.00 X 0 0 0 TIM BAILEY 5.00 X 0 0 0 WARREN CAMP 5.00 X 0 0 0 JIM DEWITT 5.00 X 0 0 0 SAM DOOYEMA 5.00 X 0 0 0 JAY EIDSNESS 5.00 X 0 0 0 AL JOHNSON 5.00 X 0 0 0 LOREN LONG 5.00 X 0 0 0 MICHAEL WOODDEN 5.00 X 0 0 0 MARK BENEDETTO 50.00 X 215490 0 69222 BRETT BRADFIELD 50.00 X 127325 0 15609 MARSHA DENNISTON 50.00 X 98795 0 12318 JULIE GEDNALSKE 50.00 X 55500 0 13200 JON HIATT 50.00 X 77166 0 12382 BILL BARTELL 40.00 X 59518 0 15746 KAREN SUMNER 40.00 X 53915 0 9079 JEFF VELTKAMP 40.00 X 64141 0 11300 DAVID BROOKS 40.00 X 67928 0 11674 BARBARA VELLENGA 40.00 X 121206 0 15749 940984 0 186279 3 0 1 0 ARAMARK CAMPUS SERVICES 1101 MARKET ST PHILADELPHIA PA 19107 FOOD SERVICE 1047151 ALEXANDER OPEN SYSTEM 9140 W DODGE RD STE 100 OMAHA NE 68114 TECHNOLOGY EQUIP/CONSULTING 279415 SIOUX FALLS CONSTRUCTION 800 S 7TH AVE SIOUX FALLS SD 57104 CONSTRUCTION 242000 ROYAL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 STUDENT MARKETING PROGRAMS 157243 SCHOOL BUS INC 5100 W 8TH ST SIOUX FALLS SD 57107 STUDENT TRANSPORTATION 128125 7 14345 991111 3620793 183667 4626249 TUITION AND FEES 611600 24487254 24487254 STUDENT HOUSING 611600 1337706 1337706 FOOD SERVICE 611600 1069861 1069861 OTHER INCOME 541800 746591 708328 38263 27641412 224154 224154 33900 3900 0 0 33900 3900 37800 37800 14344 14345 13197 1147 1147 587276 483421 103855 103855 32634617 27707004 38263 263101 9779506 9779506 1010183 293420 466768 249995 9002959 6815286 2175641 12032 145941 98521 47420 2078585 1403678 613295 61612 46000 46000 10415 10415 74529 74529 179454 154943 24276 235 1252330 898095 282164 72071 263273 263273 939844 895873 42801 1170 831743 713071 109408 9264 38758 25056 13702 851445 843653 5238 2554 2404389 2018509 378667 7213 215347 202565 12782 CONTRACTUAL SERVICES 1546199 1009933 495649 40617 INSTITUTIONAL SUPPORT 827591 603950 167639 56002 ACADEMIC SUPPORT 321070 321070 REPAIRS/MAINTENANCE 269491 254254 15237 343445 154288 189157 32432497 26485671 5421279 525547 157200 1352082 3556821 2001862 1306739 1756860 864129 978005 1484618 1558254 171269 179605 463961 483826 71193271 22304866 49751306 48888405 10123281 10485197 1787959 2084986 7558503 6346494 77225786 76115576 2461553 2461989 1578644 1683379 4841526 4592766 17395000 16115000 327241 2046346 2110184 1319415 28714148 28218895 X 33641575 32806366 7375937 7060893 7494126 8029422 48511638 47896681 77225786 76115576 X 202120 -817077 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14312004 966893 -269363 390297 14619237 12617166 182975 1832692 203130 117699 14312004 11118364 276456 1747671 525325 12617166 14557534 400997 -3058541 781626 11118364 0.03000 0.59000 0.38000 1 1 1 8459962 8459962 49135300 13917695 35217605 13201752 8387171 4814581 396257 396257 48888405 CASH SURRENDER VALUE 674133 INTEREST IN PERPETUAL TRUSTS 1024782 DUE TO/FROM 4647579 6346494 INTEREST RATE SWAP 1319415 1319415 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: MANAGEMENT EVALUATES ITS TAX POSITIONS ON AN ANNUAL BASIS AND HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2012 AND 2011, THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2012 AND 2011, THERE WAS NO UNRECOGNIZED TAX BENEFIT ACCRUAL RECORDED. THE UNIVERSITY IS SUBJECT TO TAX EXAMINATIONS AND WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. 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, 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 28689 14345 14344 12165 1032 28689 14345 14344 12165 1032 13197 1147 1 UNFUNDED INSTITUTIONAL AID 893 8815498 CASH INSTITUTIONAL AID 175 235987 ENDOWED SCHOLARSHIPS 338 439376 FEDERAL SCHOLARSHIPS 192 288645 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 215490 0 0 0 0 0 26449 0 43779 0 285718 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. 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 1235000 18000000 289708 7148501 10561791 2010 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 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. NOT REQUIRED CHILD OF TRUSTEE MERIT SCHOLARSHIP NOT REQUIRED CHILD OF TRUSTEE DISCOUNTED TUITION X 8 183667 FMV AT DATE OF GIFT 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. JAN DEWITT AND JIM DEWITT, BOTH TRUSTEES, HAVE A FAMILY 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -201,656. DONATED SERVICES AND USE OF FACILITIES: -1,153. CHANGE IN VALUE OF INTEREST RATE SWAPS -584,443. CHANGE IN CSV LIFE INSURANCE 23,024. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -146,057. NET ASSETS RELEASED FROM RESTRICTIONS 93,208. TOTAL TO FORM 990, PART XI, LINE 5: -817,077. 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 1 0 1 1 0 1 1 0 UNIVERSITY OF SIOUX FALLS FOUNDATION C 155785 CASH UNIVERSITY OF SIOUX FALLS FOUNDATION D 87673 CASH UNIVERSITY OF SIOUX FALLS FOUNDATION Q 170269 CASH