2013-01-14T15:44:21-06:00 2012-05-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2011-06-01 350867977 BUTLER UNIVERSITY % BUTLER UNIV BUSINESS OFFICE BUTL 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BRUCE ARICK 3179409779 2013-01-15 true 3173834000 2011 2016-02-25 16:41:14Z JAMES DANKO 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 246728289 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 30 3250 2112 438300 75852 12522918 12814380 162611919 167159492 7657442 7043710 100089 103604 182892368 187121186 46403990 48267856 0 0 79098697 84344449 0 0 2722881 51005365 51697673 176508052 184309978 6384316 2811208 373220085 364884292 124619864 130999904 248600221 233884388 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 162194132 48267856 167159492 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, ONE FIRST PROFESSIONAL, AND 18 MASTER'S DEGREES. AROUND 4,700 STUDENTS ARE ENROLLED AT BUTLER, REPRESENTING 45 STATES AND 52 COUNTRIES. APPROXIMATELY 77 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. IN ADDITION TO THIS PROFESSIONAL EXPERIENCE, BUTLER STUDENTS DEVELOP LIFELONG SKILLS IN CRITICAL THINKING, EFFECTIVE COMMUNICATION, COOPERATIVE TEAMWORK, AND ETHICAL DECISION MAKING. BUTLER ENDEAVORS TO PREPARE STUDENTS NOT SIMPLY TO MAKE A LIVING, BUT TO LIVE LIVES OF PURPOSE IN WHICH PERSONAL FLOURISHING IS INTERTWINED WITH THE WELFARE OF OTHERS. BUTLER'S OVERALL PLACEMENT RATE WITHIN SIX MONTHS OF GRADUATION AVERAGES 93 PERCENT, INCLUDING 17 PERCENT WHO GO ON TO GRADUATE OR PROFESSIONAL SCHOOLS. 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, JCA'S 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 ATLANTIC 10 CONFERENCE, EXCEPT FOR FOOTBALL AND WOMEN'S GOLF. FOOTBALL PARTICIPATES IN THE PIONEER FOOTBALL LEAGUE AND THE GOLF TEAMS COMPETE IN THE METRO ATLANTIC ATHLETIC CONFERENCE. THROUGHOUT THE YEARS, BUTLER'S STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS BOTH ON AND OFF THE PLAYING COURT AND FIELD. OVER THE PAST FIVE YEARS, BUTLER TEAMS HAVE CAPTURED 29 CONFERENCES IN TWO DIFFERENT LEAGUES. 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. 162194132 true true false false false false true false true true true false true true false false true true false true false true false true false false false true true true true false false false false false false false true false true true false false false true true false false false true 6134 0 true 3250 true true true false false false false true true false false false false X 30 30 false false false false false false false true true false false false true true true true true true true false IN X BUTLER UNIV BUSINESS OFFICE 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 X DENNIS L BASSETT 1.0 X 0 0 0 KATHRYN G BETLEY 1.0 X 0 0 0 KEITH W BURKS 1.0 X X 0 0 0 GARY D BUTKUS 1.0 X 0 0 0 JOHN D COOKE 1.0 X 0 0 0 RICHARD F CUMMINGS 1.0 X 0 0 0 CLAUDE E DAVIS JR 1.0 X X 0 0 0 ROLLIN M DICK 1.0 X 0 0 0 JOHN B DUNN 1.0 X 0 0 0 KEITH R FALLER 1.0 X 0 0 0 CRAIG E FENNEMAN 1.0 X X 0 0 0 THOMAS J FISCHER 1.0 X 0 0 0 JOHN R HARGROVE 1.0 X 0 0 0 JAMES M JOHNSTON 1.0 X 0 0 0 JAMES P LILL 1.0 X 0 0 0 BETTY L LOFTON 1.0 X 0 0 0 STEPHEN E MCKENZIE 1.0 X 0 0 0 COREY B MCPHERRIN 1.0 X 0 0 0 BRYAN A MILLS 1.0 X 0 0 0 ROBERT L MYERS 1.0 X 0 0 0 JAMIE PHILLIPPE 1.0 X 0 0 0 ROBERT N POSTLETHWAIT 1.0 X 0 0 0 SHARI ALEXANDER RICHEY 1.0 X 0 0 0 JATINDER BIR SINGH SANDHU 1.0 X 0 0 0 HOWARD L SCHROTT 1.0 X 0 0 0 HOWARD L SHEARON 1.0 X 0 0 0 STEVEN F WALKER 1.0 X 0 0 0 EUGENE G WHITE 1.0 X 0 0 0 JAMES P WHITE 1.0 X X 0 0 0 BILLIE LOU WOOD 1.0 X 0 0 0 JAMES M DANKO 50.0 X 380571 0 39334 BRUCE ARICK 50.0 X 182142 0 32642 MARK HELMUS 50.0 X 151427 0 29473 ELLEN A CLARK 50.0 X 50183 0 5180 SUSAN WESTERMEYER 50.0 X 91969 0 19265 BOBBY FONG 50.0 X 165334 0 23087 JAYNE COMSTOCK 50.0 X 227616 0 20128 BRAD STEVENS 50.0 X 1127360 0 38580 MARY ANDRITZ 50.0 X 224052 0 27424 LARRY O'CONNOR 50.0 X 224233 0 32719 BARRY S COLLIER 50.0 X 251683 0 32811 CHARLES WILLIAMS 50.0 X 221516 0 36225 3298086 0 336868 88 false true false ANTHEM PO BOX 951254 CLEVELAND OH 44193 INSURANCE 8436420 ARAMARK CATERING SERVICE 704 WEST HAMPTON DRIVE INDIANAPOLIS IN 46208 BOARD/CATERING 5011041 JOHNSON MELLOH INC PO BOX 421070 INDIANAPOLIS IN 462421070 CONSTRUCTION 6335759 US BANK CORPORATE PAYMENT SYSTEM PO BOX 790428 ST LOUIS MO 63179 CARD SERVICER 4198533 SHIEL SEXTON CO INC 902 N CAPITOL AVENUE INDIANAPOLIS IN 46204 CONSTRUCTION 3519070 92 30290 1558600 11225490 437067 12814380 STUDENT TUITION AND FEES 900099 132749532 132749532 RESIDENCE HALLS/ROOM & BOARD 611710 18391002 18391002 ATHLETIC REVENUE 611710 5440040 5440040 AUXILIARY REVENUE 900099 4484883 4484883 OTHER MISCELLANOUS 611710 6094035 6094035 167159492 2680316 348531 2331785 20444 20444 0 124768 34999 89769 89769 89769 60560924 3343554 57658854 1902674 2902070 1440880 4342950 4342950 24411 30290 10576 13835 13835 0 0 0 187121186 167159492 438300 6709014 0 47647183 47647183 620673 620673 0 982186 982186 0 62731305 53289222 7844259 1597824 4559844 3861690 611178 86976 11748606 8082886 3438031 227689 4322508 3641262 590479 90767 0 530409 23486 506923 171503 171503 0 0 4519 4519 10257496 8600639 1411462 245395 907994 651077 255007 1910 7236685 5983276 1074118 179291 706318 591340 105022 9956 0 0 0 0 8203187 7181025 1020237 1925 4736904 3830244 723157 183503 0 329456 255492 65480 8484 4772657 4257881 514776 0 13171159 12160931 1010228 1262009 830398 398475 33136 ALLOCATION OF INDIRECT COSTS -5336111 -3428490 -1899375 -8246 AUXILIARY 1741637 1539191 184709 17737 DUES, FEES, & SUBSCRIPTIONS 1148842 925223 198475 25144 REPAIRS & MAINTENANCE 914298 825536 88192 570 938711 823967 93924 20820 184309978 162194132 19392965 2722881 0 0 14075202 17081539 6385693 7783319 2418775 2117479 0 0 449920 0 11564049 12141749 237490 225302 949071 1138165 309940900 191603612 114146181 118337288 165864072 135990272 38888208 46337962 0 0 0 0 18241424 23731217 373220085 364884292 14121506 14021129 0 0 4812469 6414417 95484049 100488289 0 0 0 0 0 0 0 0 10201840 10076069 124619864 130999904 X 73392687 68242586 39215690 28477206 135991844 137164596 248600221 233884388 373220085 364884292 X 2811208 -17527041 X X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 162778763 2175363 -9511711 2405786 4959461 148077168 135891556 3272033 31515273 2515275 5384824 162778763 121617939 698601 21898697 2722098 5601583 135891556 173514699 4940842 -47919053 2900284 6018265 121617939 0.08340 0.91660 false true true 1475828 1475828 201597262 105810263 95786999 7247191 5817402 1429789 46116528 34826534 11289994 53504091 45149413 8354678 118337288 HEDGE FUND 7749585 F VENTURE CAPITAL - ALT INVEST 6958033 F REALTY - ALT INVEST 3599878 F PRIVATE EQUITY - ALT INVEST 7219025 F NATURAL RESOURCES - ALT INVEST 15031866 F LOANS/FIXED INC - ALT INVEST 5779575 F 46337962 BOND PROC & OTHER HELD IN ESCR 9255555 RENEWAL & REPLACE IN PROGRESS 11565897 BENEFICIAL INT PERPET TRUSTS 2123360 UNAMORTIZED BOND ISSUE COSTS 786405 23731217 0 ANNUITIES AND TRUST PAYABLE 1794014 ADV FROM GOV - STUDENT LOANS 7464149 FUNDS HELD FOR CAMPUS ORGS 817906 10076069 187121186 184309978 2811208 -16499374 -1027667 -17527041 -14715833 121449310 -16499374 7279 115742 -16376353 137825663 49295523 49295523 187121186 136437832 7279 388431 395710 136042122 48267856 48267856 184309978 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. FIN 48 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 CHANGE IN NET ASSETS SCHEDULE D, PART XI LINE 9: LOSS ON BOND REFINANCING $1,027,667. RECONCILIATION OF REVENUE SCHEDULE D, PART XII LINE 2D: INCOME OF BUTLER FOUNDATION $105,166. FUNDRAISING EXPENSES $10,576. TOTAL $115,742. LINE 4B: SCHOLARSHIPS $48,267,856. LOSS ON BOND REFINANCING $1,027,667. TOTAL $49,295,523. RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII LINE 2D: EXPENSES OF BUTLER FOUNDATION $377,855. FUNDRAISING EXPENSES $10,576. TOTAL $388,431. LINE 4B: SCHOLARSHIPS $48,267,856. 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. true Central America and the Caribbean 0 3 Program Services EDUCATION 48545 Europe (Including Iceland and Greenland) 0 3 Program Services EDUCATION 152594 Russia and the Newly Independent States 0 1 Program Services EDUCATION 16800 East Asia and the Pacific 0 1 Program Services EDUCATION 18161 North America 0 1 Program Services EDUCATION 22663 0 9 0 9 258763 258763 FINANCIAL AID FOR STUDENTS Cent. America/Caribbean 1 2700 FINANCIAL AID FOR STUDENTS East Asia/Pacific 34 216475 FINANCIAL AID FOR STUDENTS Europe/Iceland/Greenland 67 316255 FINANCIAL AID FOR STUDENTS South America 10 64986 FINANCIAL AID FOR STUDENTS Sub-Saharan Africa 4 20257 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 54701 30290 24411 2235 4758 2233 1350 0 54701 30290 24411 2235 4758 2233 1350 10576 13835 true SCHOLARSHIPS FOR STUDENTS 3536 47647183 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 true false JAMES M DANKO 204330 0 0 0 176241 0 35250 0 4084 0 419905 0 BRUCE ARICK 182142 0 0 0 0 0 18214 0 14428 0 214784 0 MARK HELMUS 150458 0 0 0 969 0 15046 0 14427 0 180900 0 BRAD STEVENS 767657 0 337500 0 22203 0 24500 0 14080 0 1165940 0 MARY ANDRITZ 218059 0 4375 0 1618 0 21806 0 5618 0 251476 0 LARRY O'CONNOR 221733 0 2500 0 0 0 22173 0 10546 0 256952 0 BARRY S COLLIER 183833 0 60000 0 7850 0 18383 0 14428 0 284494 0 JAYNE COMSTOCK 197891 0 28000 0 1725 0 19789 0 339 0 247744 0 CHARLES WILLIAMS 217970 0 1500 0 2046 0 21797 0 14428 0 257741 0 BOBBY FONG 164415 0 0 0 919 0 16441 0 6646 0 188421 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. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 BUTLER UNIVERSITY PROVIDED NON-FIXED PAYMENTS TO BARRY COLLIER AND BRAD STEVENS AS BONUSES AS OUTLINED IN THEIR WRITTEN EMPLOYMENT CONTRACTS. INDIANA FINANCING AUTHORITY 521698917 2011-09-21 17275000 REFUND PTN SERIES 2001 BONDS false false false INDIANA FINANCE AUTHORITY 521698917 2011-09-21 13360000 REFUND PTN SERIES 2004 BONDS false false false INDIANA FINANCE AUTHORITY 521698917 2011-09-21 10110000 CONSTRUCTION, HVAC, AND ENERGY MGM false false false INDIANA FINANCE AUTHORITY 521698917 4550573H0 2012-04-25 15305000 REFUND PTN SERIES 2001 BONDS false false false 0 0 17275000 0 0 17147044 127956 0 0 0 0 0 1991 true false true true 0 0 13360000 0 0 13243811 116189 0 0 0 0 0 2006 true false true true 0 0 10110000 0 0 0 110000 0 10000000 0 0 0 2013 true false true true 0 0 16656524 1665652 0 14845327 145545 0 0 0 0 0 1991 true false true true false false true true 0 true false false true true 0.00810 0.03090 0.03900 true false false true true false 0 0.01980 0.01980 true false false true true false 0 true true false false 0 false 0 true false true false false 0 false 0 true false true false false 0 false 0 true false true false false 0 false 0 true false PROCEDURES TO UNDERTAKE CORRECTIVE ACTION, PART V 0 THE UNIVERSITY IS IN THE PROCESS OF ESTABLISHING WRITTEN PROCEDURES AS AN ADDENDUM TO ITS CURRENT DEBT POLICY TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. 0 JAMES M DANKO FAMILY MEMBER 16075 EMPLOYMENT false X 1 30000 COST X 36 437067 STOCK QUOTE X BASEBALL PITCHING SCREEN 1 6373 COST X IMAGINE VIDEO 1 19976 COST X GREEN FEES 1 7279 COST X ANTIQUE STREET PAVERS 1 12900 COST X TRUSTEE RETREAT 1 9580 COST X TRUMPETS 3 7450 COST X ROOFING MATERIALS 1 10248 COST 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. CHANGE IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENT $16,499,374. LOSS ON BOND REFINANCING $1,027,667. TOTAL $17,527,041. 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