WARTBURG COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- WARTBURG COLLEGE (EIN 42-0680351)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-16
- IRS object ID
- 201201079349300715
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-16T10:41:15-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 SOUTH 84TH STREET SUITE 400 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53214 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680351 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WARTBURG COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WART | NameControl |
| Phone | 3193528276 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WARTBURG BLVD | AddressLine1 |
| City | WAVERLY | City |
| State | IA | State |
| ZIP Code | 50677 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY S GRACE | Name |
| Title | VP FOR ADMINISTRATION | Title |
| Phone | 3193528276 | Phone |
| Date Signed | 2012-04-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TROY E MARINE CPA | Name |
| Phone | 4147775500 | Phone |
| Date Prepared | 2012-04-16 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DARREL D COLSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WARTBURG BLVD | AddressLine1 |
| City | WAVERLY | City |
| State | IA | State |
| ZIP Code | 50677 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 76456804 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WARTBURG.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1852 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2107 | TotalNbrEmployees |
| Total Nbr Volunteers | 500 | TotalNbrVolunteers |
| Total Gross UBI | 234846 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4143943 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4935802 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 61857708 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 64468554 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3357026 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1744691 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2659946 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2712199 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 72018623 | TotalRevenuePriorYear |
| Total Revenue Current Year | 73861246 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 22696017 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 24332842 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 25514295 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26215653 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1656962 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 24446993 | OtherExpensePriorYear |
| Other Expenses Current Year | 24255532 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 72657305 | TotalExpensesPriorYear |
| Total Expenses Current Year | 74804027 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -638682 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -942781 | RevenuesLessExpensesCY |
| Total Assets BOY | 173940698 | TotalAssetsBOY |
| Total Assets EOY | 182083943 | TotalAssetsEOY |
| Total Liabilities BOY | 97193658 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 97393665 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 76747040 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 84690278 | NetAssetsOrFundBalancesEOY |
| Mission Description | UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 41555247 | Expense |
| Grants | 24332842 | Grants |
| Revenue | 49699799 | Revenue |
| Description | INSTRUCTION OF STUDENTS ENROLLED AND THE RELATED ACADEMIC SUPPORT; 1,746 AND 1,678 FULL-TIME EQUIVALENT STUDENTS ENROLLED FOR THE FALL 2010 AND WINTER 2011 TERMS RESPECTIVELY. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 8254106 | Expense |
| Revenue | 14564854 | Revenue |
| Description | AUXILIARY ENTERPRISES SUPPORTS STUDENTS LIVING AND EATING ON CAMPUS AS WELL AS PROVIDING BOOKS. THERE WERE 1,376 AND 1,343 STUDENTS LIVING ON CAMPUS FOR THE FALL 2010 AND WINTER 2011 TERMS, RESPECTIVELY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10768030 | Expense |
| Revenue | 2682025 | Revenue |
| Description | ALL OTHER PROGRAM RELATED SERVICES | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 60577383 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2360 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2107 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD SEGGERMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3193528215 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WARTBURG BLVD | AddressLine1 |
| City | WAVERLY | City |
| State | IA | State |
| ZIP Code | 506772215 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ANDREA WESTMEYER | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| BISHOP STEVEN ULLESTAD | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DOROTHY BOWEN | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DR GIL WESSEL | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DR GRADY BALLENGER | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DR HANS-PETER BRODHUN | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DR MARILYN FLACHMAN | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| FRED HAGEMANN | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| GARY HOOVER | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| GUNTER SCHUCHARDT | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| JACK SALZWEDEL | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| JIM LOVERIDGE | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| JOANN KILGUS | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| JON VOLKERT | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| LIZ MATHIS | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| LOIS O'ROURKE | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| MARK BALDWIN | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| MIKE MCCOY | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| RACHEL RIENSCHE | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| RACHELLE JOHNSON | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| RAY MCCASKEY | ||||||
| REGENT, CHAIRMAN - BOARD | 0.10 | X | 0 | 0 | 0 | |
| ROBERT SEVERSON | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| RUTH BAHE-JACHNA | ||||||
| REGENT, VICE CHAIR - BOARD | 0.10 | X | 0 | 0 | 0 | |
| SHON COOK | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| SHERMAN HICKS | ||||||
| REGENT | 0.10 | X | 0 | 0 | 0 | |
| DARREL COLSON | ||||||
| PRESIDENT | 40.00 | X | 226674 | 0 | 44836 | X |
| DEBORAH LOERS | ||||||
| VICE-PRESIDENT | 40.00 | 107769 | 0 | 25635 | X | |
| EDITH WALDSTEIN | ||||||
| VICE-PRESIDENT | 40.00 | 123469 | 0 | 17890 | X | |
| FEROL J MENZEL | ||||||
| VICE-PRESIDENT | 40.00 | 135570 | 0 | 14429 | X | |
| GARY GRACE | ||||||
| VICE-PRESIDENT | 40.00 | 120608 | 0 | 23746 | X | |
| RICHARD SEGGERMAN | ||||||
| CBO AND TREASURER | 40.00 | 80938 | 0 | 22980 | X | |
| SCOTT LEISINGER | ||||||
| VICE-PRESIDENT | 40.00 | 121553 | 0 | 17888 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 916581 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 167404 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SCHNEIDER ELECTRIC | |||||
| PO BOX 841868 | DALLAS | TX | 758241868 | ELECTRICAL CONTRACTING | 569537 |
| RUFFALOCODY | |||||
| 221 3RD AVENUE SE SUITE 10 | CEDAR RAPIDS | IA | 524063018 | ENROLLMENT MANAGEMENT CONSULTANT | 324052 |
| FBG SERVICE CORPORATION | |||||
| 407 S 27TH AVE PO BOX 2715 | OMAHA | NE | 68103 | CLEANING SERVICES | 216556 |
| WAVERLY HEALTH CENTER | |||||
| 312 9TH ST SW | WAVERLY | IA | 50677 | HEALTH SERVICES | 197330 |
| HAWKEYE STAGES | |||||
| 703 DUDLEY STREET | DECORAH | IA | 52101 | BUS CHARTER | 180745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 432439 | GovernmentGrants |
| All Other Contributions | 4503363 | AllOtherContributions |
| Noncash Contributions | 236187 | NoncashContributions |
| Total Contributions | 4935802 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 900099 | 49699799 | 49699799 | |
| AUXILIARY ENTERPRISES | 541900 | 14768755 | 14568064 | 200691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 64468554 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 697318 | TotalRevenueColumn |
| Exclusion | $697,318 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 374685 | TotalRevenueColumn |
| Exclusion | $374,685 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 113459 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 69791 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 43668 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43668 | TotalRevenueColumn |
| Exclusion | $43,668 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3198455 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2498184 | Securities |
| Other | 27583 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 700271 | Securities |
| Other | -27583 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 672688 | TotalRevenueColumn |
| Exclusion | $672,688 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| OTHER PROGRAM RELATED | 541900 | 2488106 | 2331854 | $156,252 | |
| COPY CENTER INCOME | 561439 | 27521 | 27521 | ||
| STUDENT CENTER INCOME | 561439 | 6634 | 6634 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 146270 | TotalRevenueColumn |
| Related Or Exempt Function Income | 146270 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2668531 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 73861246 | TotalRevenueColumn |
| Related Or Exempt Function Income | 66745987 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 234846 | UnrelatedBusinessRevenue |
| Exclusion | $1,944,611 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24332842 | Total |
| Program Services | 24332842 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1075326 | Total |
| Program Services | 284491 | ProgramServices |
| Management And General | 598291 | ManagementAndGeneral |
| Fundraising | 192544 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18602341 | Total |
| Program Services | 16573637 | ProgramServices |
| Management And General | 1426801 | ManagementAndGeneral |
| Fundraising | 601903 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1223366 | Total |
| Program Services | 1075795 | ProgramServices |
| Management And General | 93832 | ManagementAndGeneral |
| Fundraising | 53739 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4021626 | Total |
| Program Services | 3562479 | ProgramServices |
| Management And General | 308459 | ManagementAndGeneral |
| Fundraising | 150688 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1292994 | Total |
| Program Services | 1141168 | ProgramServices |
| Management And General | 99173 | ManagementAndGeneral |
| Fundraising | 52653 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35999 | Total |
| Management And General | 35999 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127285 | Total |
| Management And General | 127285 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 835643 | Total |
| Program Services | 451763 | ProgramServices |
| Management And General | 64094 | ManagementAndGeneral |
| Fundraising | 319786 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200744 | Total |
| Program Services | 185013 | ProgramServices |
| Management And General | 15397 | ManagementAndGeneral |
| Fundraising | 334 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1552731 | Total |
| Program Services | 1324396 | ProgramServices |
| Management And General | 119094 | ManagementAndGeneral |
| Fundraising | 109241 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 918095 | Total |
| Program Services | 550857 | ProgramServices |
| Management And General | 367238 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1999879 | Total |
| Program Services | 1846488 | ProgramServices |
| Management And General | 153391 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1260490 | Total |
| Program Services | 1016011 | ProgramServices |
| Management And General | 96680 | ManagementAndGeneral |
| Fundraising | 147799 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16544 | Total |
| Program Services | 15275 | ProgramServices |
| Management And General | 1269 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4690160 | Total |
| Management And General | 4690160 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4107230 | Total |
| Management And General | 4107230 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 534547 | Total |
| Program Services | 493544 | ProgramServices |
| Management And General | 41000 | ManagementAndGeneral |
| Fundraising | 3 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD PURCHASES & BOOKST | 2798549 | 2798549 | ||
| CAMPUS GROUPS & MAY TER | 2253397 | 2253397 | ||
| SERVICE AGREEMENTS | 791073 | 729278 | 60675 | 1120 |
| REPAIRS AND MAINTENANCE | 677868 | 625347 | 51993 | 528 |
| PROFESSIONAL DEVELOPMEN | 654165 | 583943 | 50174 | 20048 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 801133 | Total |
| Program Services | 733110 | ProgramServices |
| Management And General | 61447 | ManagementAndGeneral |
| Fundraising | 6576 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74804027 | Total |
| Program Services | 60577383 | ProgramServices |
| Management And General | 12569682 | ManagementAndGeneral |
| Fundraising | 1656962 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5587113 | BOY |
| EOY | 6709019 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3300000 | BOY |
| EOY | 2400000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1084827 | BOY |
| EOY | 1200707 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3228871 | BOY |
| EOY | 3265333 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276641 | BOY |
| EOY | 313964 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393122 | BOY |
| EOY | 477768 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 139844570 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 39552432 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103693353 | BOY |
| EOY | 100292138 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32703392 | BOY |
| EOY | 40413753 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20562482 | BOY |
| EOY | 22636799 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3110897 | BOY |
| EOY | 4374462 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173940698 | BOY |
| EOY | 182083943 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5010108 | BOY |
| EOY | 5444180 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2939852 | BOY |
| EOY | 2953449 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49584 | BOY |
| EOY | 146279 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84740800 | BOY |
| EOY | 84200826 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4453314 | BOY |
| EOY | 4648931 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97193658 | BOY |
| EOY | 97393665 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35497940 | BOY |
| EOY | 37742044 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8790834 | BOY |
| EOY | 12281395 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32458266 | BOY |
| EOY | 34666839 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76747040 | BOY |
| EOY | 84690278 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173940698 | BOY |
| EOY | 182083943 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -942781 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 8886019 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 1 | GrantsOtherOrganizations |
| Grants Other Organizations | $122,158 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 122158 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 50700 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40182889 | BeginningOfYearBalance |
| Contributions | 2100248 | Contributions |
| Investment Earnings Or Losses | 8732948 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 621036 | GrantsOrScholarships |
| Other Expenditures | 1204628 | OtherExpenditures |
| End Of Year Balance | 49190421 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 36575945 | BeginningOfYearBalance |
| Contributions | 693726 | Contributions |
| Investment Earnings Or Losses | 4798095 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 647681 | GrantsOrScholarships |
| Other Expenditures | 1237196 | OtherExpenditures |
| End Of Year Balance | 40182889 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 50105268 | BeginningOfYearBalance |
| Contributions | 4626170 | Contributions |
| Investment Earnings Or Losses | -16233325 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 650680 | GrantsOrScholarships |
| Other Expenditures | 1271488 | OtherExpenditures |
| End Of Year Balance | 36575945 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.34000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.66000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 16300 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3615780 | OtherCostOrOtherBasis |
| Book Value | 3632080 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 115536603 | OtherCostOrOtherBasis |
| Depreciation | 26678238 | Depreciation |
| Book Value | 88858365 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11285092 | OtherCostOrOtherBasis |
| Depreciation | 8657934 | Depreciation |
| Book Value | 2627158 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9390795 | OtherCostOrOtherBasis |
| Depreciation | 4216260 | Depreciation |
| Book Value | 5174535 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 100292138 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CSV - LIFE INSURANCE | 2277809 | F |
| OTHER | 388915 | F |
| COMMINGLED TRUST FUNDS | 9975186 | F |
| FUND OF HEDGE FUNDS | 3548160 | F |
| GUARANTEED INVESTMENT CONTRACTS | 6446729 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 22636799 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $1,035,415 |
| ANNUITIES PAYABLE | $2,935,652 |
| DEPOSITS HELD IN CUSTODY | $186,864 |
| ASSET RETIREMENT OBLIGATION | $491,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4648931 | TotalOfAmounts |
| Total Revenue | 73861246 | TotalRevenue |
| Total Expenses | 74804027 | TotalExpenses |
| Excess Or Deficit For Year | -942781 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 8886019 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 8886019 | TotalAdjustments |
| Excess Or Deficit Per FS | 7943238 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 58470698 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8886019 | NetUnrealizedGainsInvestments |
| Other Revenues | -24332842 | OtherRevenues |
| Revenue Not Rptd F990 | -15446823 | RevenueNotRptdF990 |
| Revenue Subtotal | 73917521 | RevenueSubtotal |
| Other Revenues Not Included | -56275 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -56275 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 73861246 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 50527460 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 56275 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 56275 | ExpensesNotRptdF990 |
| Expenses Subtotal | 50471185 | ExpensesSubtotal |
| Other Expenses Not Included | 24332842 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 24332842 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 74804027 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| 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 INTENDED USE OF ENDOWMENT FUNDS: |
| FINANCIAL AID -24,332,842. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| ACTUARIAL ADJUSTMENTS - GAIN 41,099. LOSS ON DISPOSAL OF PLANT ASSETS -27,583. RENTAL EXPENSES -69,791. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| ACTUARIAL ADJUSTMENTS - GAIN -41,099. LOSS ON DISPOSAL OF PLANT ASSETS 27,583. RENTAL EXPENSES 69,791. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 24,332,842. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: | |
| SCHEDULE D, 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, 2011. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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, ACADEMIC COMPETITIVENESS GRANT PROGRAM, NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT 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. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | INSTRUCTION | 82322 |
| EAST ASIA & PACIFIC | 0 | 0 | PROGRAM SERVICE | SEE PART V | 57465 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | SEE PART V | 99282 |
| NORTH AMERICA (INCLUDING CANADA AND MEXICO BUT NOT THE UNITED STATES) | 0 | 0 | PROGRAM SERVICE | SEE PART V | 25454 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | INSTRUCTION | 1125 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICE | SEE PART V | 58249 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 323897 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 323897 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION | Identifier |
| Return Reference | SCHEDULE F, PART V | ReturnReference |
| Explanation | SCHEDULE F, PART I, LINE 3 - COLUMN (E): LINE 2 - INSTRUCTION AND STUDENT SERVICES; LINE 3 - ACADEMIC SUPPORT, INSTRUCTION, PUBLIC SERVICE AND STUDENT SERVICES; LINE 4 - ACADEMIC SUPPORT, INSTRUCTION AND STUDENT SERVICES; LINE 6 - INSTRUCTION AND PUBLIC SERVICE | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| INSTITUTIONAL SCHOLARSHIPS AND GRANTS | 1685 | 879494 | 23297603 | 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 | 332 | 155745 | 0 | 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. |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DARREL COLSON | NamePerson |
| Base Compensation Filing Org | 218948 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 7726 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 31500 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 13336 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 271510 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | SCHEDULE J, PART I, LINE 4 - THE COLLEGE HAS A CODE SECTION 457(F) DEFERRED COMPENSATION AGREEMENT WITH PRESIDENT COLSON. UNDER THE AGREEMENT, THE COLLEGE MAINTAINS A DEFERRED COMPENSATION ACCOUNT THAT CONSIDERS AN APPROPRIATE PERCENTAGE OF THE PRESIDENT'S SALARY, AS WELL AS RELATED EARNINGS(LOSSES). THE AMOUNTS CREDITED TO SUCH AN ACCOUNT BECOME FULLY VESTED WITH THE PRESIDENT ON THE EARLIEST OF (1) THE DATE THE PRESIDENT REACHES AGE 57, (2) THE DATE THE PRESIDENT TERMINATES 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 FORFEITS THE ENTIRE VALUE OF THE ACCOUNT). | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 462460VZ6 | 2005-12-29 | 49918166 | SEE PART V | 0 | 0 | 0 |
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 462460VY9 | 2005-12-29 | 36706381 | SEE PART V | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Capitalized InterestCapitalizedInterest | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1445000 | 50055357 | 3326806 | 45735664 | 992887 | 2005 | 0 | 1 | 1 | 1 | ||
| 35000 | 39024815 | 3198157 | 734128 | 2008 | 0 | 0 | 1 | 1 | 3552458 | 31540072 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | ||||
| 0 | 1 | 0 | 0 | 1 | 1 | 0.01500 | 0.00000 | 0.01500 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line2NameOfGICProvider/BusinessNameLine2 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| ROYAL BANK OF | ||||||||
| 0 | 0 | 0 | 1 | CANADA | 5.000000000000 | 1 | 0 | 0 |
| ROYAL BANK OF | ||||||||
| 0 | 0 | 0 | 1 | CANADA | 5.000000000000 | 1 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 4B | COLUMN A: RESERVE FUND - ROYAL BANK OF CANADA, ESCROW FUND - MBIA, INC; COLUMN B: CONSTRUCTION FUND - MORGAN STANLEY, RESERVE FUND - ROYAL BANK OF CANADA, CAPITALIZED INTEREST FUND - MORGAN STANLEY |
| SCHEDULE K, PART IV, LINE 4C | COLUMN A: RESERVE FUND - 5 YEARS, ESCROW FUND - 6.8 YEARS; COLUMN B: CONSTRUCTION FUND - 2.4 YEARS, RESERVE FUND - 5 YEARS, CAPITALIZED INTEREST FUND - 2.4 YEARS |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Relationship With OrganizationRelationshipWithOrganization | Type Of AssistanceTypeOfAssistance |
|---|---|
| DISCLOSURE SUBJECT TO | |
| FERPA LAWS | MERIT SCHOLARSHIPS |
| DISCLOSURE SUBJECT TO | |
| FERPA LAWS | TUITION REMISSION |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| ME & V | |||
| PARTIAL OWNER IS A FAMILY MEMBER OF LIZ MATHIS, REGENT. | 142156 | 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 | 98215 | 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 |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 30000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 186543 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG HI/LOW DATE OF GIFT | MethodOfDeterminingRevenues |
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5652 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10895 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | VAL. AT TIME OF DONATION | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | HARVESTED CROPS | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3097 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG HI/LOW ON DATE OF GIFT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED TO MAKE THE AUDIT COMMITTEE A STANDALONE COMMITTEE OF THE BOARD OF REGENTS. AUDIT WAS PREVIOUSLY A SUBCOMMITTEE OF THE BUSINESS AND FINANCE COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE COLLEGE USES SPECIALIZED 990 TAX FORM SOFTWARE TO PROCESS INITIAL INFORMATION AND PRODUCE A PRELIMINARY FORM 990 TAX RETURN. THE PRELIMINARY RETURN IS THEN PROVIDED TO THE AUDIT FIRM ALONG WITH OTHER REQUESTED INITIAL INFORMATION. THE AUDIT FIRM THEN USES SPECIALIZED PROPRIETARY 990 TAX FORM SOFTWARE TO PERFORM DIAGNOSTICS AND PROCESS THE INFORMATION PROVIDED BY THE COLLEGE. THIS MULTIPLE LAYER OF PROCESSING RESULTS IN ADDITIONAL DIAGNOSTICS AND CHECKS FOR ADDITION AND BALANCING OF SUPPORTING SCHEDULES TO MORE SUMMARIZED AMOUNTS. THE AUDIT FIRM THEN PREPARES 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. | |
| 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 12C | |
| 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 B, LINE 15A | |
| THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 8,886,019. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCELROY - WARTBURG LOAN FUND | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WARTBURG BLVD | AddressLine1 |
| City | WAVERLY | City |
| State | IA | State |
| ZIP Code | 50677 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421237616 | EIN |
| Primary Activities | PROVIDE STUDENT LOANS FOR POST SECONDARY EDUCATION. | PrimaryActivities |
| Legal Domicile State | IA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 2 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WARTBURG COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCELROY - WARTBURG LOAN FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 205543 | AmountInvolved |
| Method Of Amt Determination | CASH - FMV | MethodOfAmtDetermination |
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