2012-05-01T15:42:07-05:00 2011-06-30 MCGLADREY & PULLEN LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2010-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 MICHAEL POSTER 5633336329 2012-04-19 1 KAY HEGARTY 3192985333 2010 2016-02-24 21:20:13Z NA SISTER JOAN LESCINSKI 518 WEST LOCUST STREET DAVENPORT IA 52803 107135702 0 X SAU.EDU X 1885 IA THE UNIVERSITY PROVIDES A COMBINATION OF QUALITY INSTRUCTION IN THE LIBERAL ARTS ALONG WITH PRE-PROFESSIONAL, PROFESSIONAL, CAREER PREPARATION AND A VARIETY OF LIFE-LONG LEARNING PROGRAMS. THE UNIVERSITY OFFERS FOCUSED DEVELOPMENTAL AND ENRICHMENT PROGRAMS TO MEET THE INDIVIDUAL NEEDS OF ITS DIVERSE STUDENTS. 28 27 1988 100 354480 0 6556386 5536645 78442393 82096860 1824585 3039080 607585 252857 87430949 90925442 23196036 24989932 0 0 34671970 36049718 49950 49661 1787745 23285153 22978150 81203109 84067461 6227840 6857981 201633228 223568338 82233283 79363181 119399945 144205157 X ST. AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN, AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 24421248 68264208 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND EDUCATION AND HEALTH SCIENCES. THIRTEEN BACHELORS, FOURTEEN MASTERS AND TWO DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 24989932 24989932 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 7030744 13479483 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY SELLS BOOKS AND OTHER INSTRUCTIONAL MATERIALS THROUGH THE UNIVERSITY'S BOOKSTORE. IT ALSO PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,500 STUDENTS. 10008580 OTHER PROGRAM SERVICES: ST. AMBROSE UNIVERSITY SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, AND OTHER PROGRAMS. INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE PRESIDENT'S OFFICE, HUMAN RESOURCES, GENERAL ACCOUNTING, STUDENT ACCOUNTS, ADVANCEMENT, ALUMNI RELATIONS, COMMUNICATIONS & MARKETING AND OTHER RELATED OFFICES. OTHER PROGRAM SERVICES INCLUDES INTEREST AND DEPRECIATION EXPENSE. 10008580 66450504 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 1 118 0 1 1988 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL POSTER 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 BISHOP MARTIN AMOS 1.00 X 0 0 0 JOHN ANDERSON 1.00 X 0 0 0 SUSAN BALTHASAR 1.00 X 0 0 0 MICHAEL A BAUER 1.00 X 0 0 0 RITA BAWDEN 1.00 X 0 0 0 TOM BERTHEL 1.00 X 0 0 0 DR DAN BRODERICK 1.00 X 0 0 0 ED CARROLL 1.00 X 0 0 0 LEN CERVANTES 1.00 X 0 0 0 BISHOP DAVID R CHOBY 1.00 X 0 0 0 JAMES M FIELD 1.00 X 0 0 0 DR MICHAEL C GIUDICI 1.00 X 0 0 0 BERNIE HARDIEK 1.00 X 0 0 0 JEF HECKINGER 1.00 X 0 0 0 MSGR FRANK HENRICKSEN 1.00 X 0 0 0 TOM HIGGINS 1.00 X 0 0 0 MIKE HUMES 1.00 X 0 0 0 MSGR JOHN HYLAND 1.00 X 0 0 0 BARB JOHNSON 1.00 X 0 0 0 BRIAN LEMEK 1.00 X 0 0 0 ELIZABETH LEMEK 1.00 X 0 0 0 JILL MCLAUGHLIN 1.00 X 0 0 0 LINDA NEUMAN 1.00 X 0 0 0 GAYLE ROBERTS 1.00 X 0 0 0 PAUL SACHS 1.00 X 0 0 0 PAUL TRENSHAW 1.00 X 0 0 0 LISA WARE 1.00 X 0 0 0 SR JOAN LESCINSKI CSJ 40.00 X X 0 0 0 DR PAUL KOCH 40.00 X 160685 0 24181 DR JAMES LOFTUS 40.00 X 157654 0 25640 DR EDWARD LITTIG 40.00 X 151187 0 41897 MICHAEL POSTER 40.00 X 138216 0 23286 DR JOHN BYRNE 40.00 X 116384 0 24658 DR DAVID O'CONNELL 40.00 X 115937 0 23445 DR SANDRA CASSADY 40.00 X 113860 0 26173 DR LINDA BROWN 40.00 X 112349 0 8624 DR RANDY RICHARDS 40.00 X 110922 0 8150 1177194 0 206054 16 0 1 0 ESTES COMPANY PO BOX 3608 DAVENPORT IA 52808 CONSTRUCTION 4809898 THE NORTHERN TRUST COMPANY 50 S LASALLE ST CHICAGO IL 60675 INVESTMENT MANAGEMENT 455332 LIPMAN HEARNE INC 200 S MICHIGAN STE 1600 CHICAGO IL 60604 MARKETING 331825 ZEHNO 757 ST CHARLES AVE STE 203 NEW ORLEANS LA 70130 ADVERTISING 271339 PER MAR SECURITY SERVICE 1910 E KIMBERLY RD DAVENPORT IA 52808 SECURITY 268031 9 34383 188983 954285 4358994 782452 5536645 EDUCATION/GENERAL 611710 68264208 68264208 AUXILIARY ENTERPRISES 624410 13814636 13479483 335153 ACCRUED INTEREST 900003 18016 18016 82096860 2204765 2204765 106626 61596 45030 45030 -323 45353 15249327 1007 14408495 7524 840832 -6517 834315 834315 97195 188983 44146 53049 53049 1841643 1688499 153144 153144 K-1 PARTNERSHIP 900099 1634 1634 1634 90925442 81743691 354480 3290626 24989932 24989932 1056624 428022 428129 200473 28919807 23986554 4077606 855647 1345218 1125562 173007 46649 2681935 1908593 698692 74650 2046134 1598868 380283 66983 102681 102681 114514 114514 24017 24017 49661 49661 520649 520649 6181 6181 1077680 52587 926678 98415 1585405 1124477 353780 107148 709632 709632 1821382 127367 1694015 865953 719628 68896 77429 13386 10227 3159 2187068 2187068 3698701 1453776 2170906 74019 428630 1962 426668 FOOD COSTS 3508099 3458762 796 48541 EQUIP AND MAINTENANCE 1917526 547819 1361898 7809 CONTRACT SERVICES 502391 142823 322773 36795 LIBRARY BOOKS AND BINDI 499442 499442 ATHLETICS 407367 407367 2987446 1679668 1264252 43526 84067461 66450504 15829212 1787745 -355710 1694668 19131310 23213309 3792882 2838792 1373022 946204 1258778 601696 292892 306537 209762 501357 125925904 37732301 88220611 88193603 73363278 88396365 11160431 14019167 2742637 2441135 443335 415505 201633228 223568338 9062651 8997208 699484 912125 56780000 55805000 866416 810652 14824732 12838196 82233283 79363181 X 95416074 125775719 15894953 9509729 8088918 8919709 119399945 144205157 201633228 223568338 X 6857981 17947231 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 0 0 0 0 1 24017 0 0 24017 0 90044599 1051818 16779994 222160 153165 220103 107280983 78478154 1229365 11928451 163497 1287077 140797 90044599 91842288 735807 -13535256 392173 22347 150165 78478154 0.85000 0.08000 0.07000 1 0 2877892 5169623 8047515 4670444 99023560 30738219 72955785 1839020 936455 902565 11023956 5935102 5088854 1321409 122525 1198884 88193603 CASH VALUE OF LIFE INSURANCE 263275 F ALTERNATIVE INVESTMENTS 13755892 F 14019167 ACCRUED LOSS - INTEREST RATE SWAP 7546265 US GOVERNMENT GRANTS - PERKINS LOANS 3144069 ANNUITIES PAYABLE 2147862 12838196 90925442 84067461 6857981 16186758 62791 1697682 17947231 24805212 84160577 16186758 62791 860 16250409 67910168 23015274 23015274 90925442 59355365 -84951 -84951 59440316 24627145 24627145 84067461 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FILES A FORM 990(RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO UNIVERSITIES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFITS OF TAX POSITIONS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIODS DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF JUNE 30, 2011 AND 2010, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION FOR FISCAL YEARS ENDED JUNE 30, 2007 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN NET INVESTMENT OF UNCONSOLIDATED SUB (PROFESSIONAL ARTS BUILDING) -180,176. CHANGE IN VALUE OF TRUST RECEIVABLE 860. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 1,895,014. BOOK/TAX DIFFERENCE - ACCRUED INTEREST INCOME -18,016. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST RECEIVABLE 860. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -61,595. INSTITUTIONAL GRANTS 24,627,145. BOOKSTORE EXPENSES NETTED WITH REVENUE -1,688,499. INVESTMENT SELLING EXPENSES -53,452. GAIN (LOSS) ON FIXED ASSETS -6,517. PAB INCOME 180,176. ACCRUED INTEREST ON PAB - BOOK/TAX DIFFERENCE 18,016. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES NETTED WITH REVENUE 1,688,499. RENTAL EXPENSES NETTED WITH REVENUE 61,595. INVESTMENT SELLING EXPENSES 53,452. GAIN (LOSS) ON FIXED ASSETS 6,517. UNREALIZED LOSS ON INTEREST RATE SWAP -1,895,014. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 24,627,145. 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 THE RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE STATED IN ALL ADVERTISEMENTS AND UNIVERSITY MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION: FED PELL GRANT FED SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FED PERKINS LOAN FED WORK-STUDY FED DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN ACADEMIC COMPETITIVENESS GRANT NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT UPWARD BOUND NATIONAL WRITING PROJECT US DEPT OF HEALTH AND HUMAN SERVICES: NURSE EDUCATION,PRACTICE AND RETENTION HEALTH CARE AND OTHER FACILITIES ARRA - SCHOLARSHIPS FOR DISAVANTAGED STUDENTS SCHOLARSHIPS FOR HEALTH PROFESSIONALS, STUDENTS FROM DISADVANTAGED BACKGROUNDS NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES: ROBERT NOYCE SCHOLARSHIP STEP GRANT SCIENCE,TECHNOLOGY,ENGINEERING AND MATHEMATICS GRANT US DEPT OF COMMERCE: PUBLIC TELECOMMUNICTIONS FACILITIES PLANNING & CONSTRUCTION STATE OF IOWA PROGRAMS INCLUDE: IA TUITION GRANT IA GRANT IA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IA OPPORTUNITY FOSTER CARE GRANT IA EDUCATION AND TRAINING VOUCHER GRANT SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 2297 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 6592 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 143026 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 1798 0 0 0 153713 0 153713 0 0 0 0 0 0 X X X X X X X 1 RUFFALOCODY 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52404 OUTSOURCE OF PHONATHON 0 102117 49661 52456 102117 49661 52456 AL CA DC FL GA HI IL KS KY NJ NM NY ND OH OK OR PA RI TN WV WI AK AZ AR LA ME MD MA MI MS MO NH NC UT VA WA SC CT MN WINE FESTIVAL 199862 138001 61861 23683 GOLF OUTING 56334 35202 21132 18077 1 29982 15780 14202 2386 286178 188983 97195 44146 44146 53049 1 STUDENT SCHOLARSHIP 2490 20245199 ATHLETIC SCHOLARSHIP 682 2735204 TUITION - FACULTY AND STAFF 176 2009529 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS COMPLIANCE WITH GRANT/SCHOLARSHIP CRITERIA ON AN INDIVIDUAL STUDENT BASIS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DR PAUL KOCH 146566 0 0 0 14119 0 10312 0 13869 0 184866 0 0 0 DR JAMES LOFTUS 141984 0 0 0 15670 0 9872 0 15768 0 183294 0 0 0 DR EDWARD LITTIG 140563 0 0 0 10624 0 25254 0 16643 0 193084 0 0 0 MICHAEL POSTER 129124 0 0 0 9092 0 9257 0 14029 0 161502 0 0 0 PART I, LINE 4B DR. EDWARD LITTIG - $15,000 SUPPLEMENTAL INFORMATION PART III SISTER JOAN LESCINSKI (PRESIDENT/BOARD MEMBER) HAD A HOUSING ALLOWANCE OF $9,068. THIS WAS CONSIDERED NONTAXABLE COMPENSATION. DR. EDWARD LITTIG (VP FOR ADVANCEMENT), DR. JAMES LOFTUS (VP FOR ENROLLMENT MANAGEMENT), MICHAEL POSTER (VP OF FINANCE), AND DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS) RECEIVED SOCIAL CLUB DUES OF $8,244, $8,244, $2,248 AND $8,244 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. DR. EDWARD LITTIG (VP FOR ADVANCEMENT), DR. JAMES LOFTUS (VP FOR ENROLLMENT MANAGEMENT), MICHAEL POSTER (VP OF FINANCE), AND DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $2,380, $7,426, $6,844 AND $5,875 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460QU3 2003-04-02 37795000 CONSTRUCTION PROJECTS 0 0 0 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460D52 2008-04-01 20000000 REFINANCE DEBT & CONSTRUCTION PROJECTS 0 0 0 37606025 361836 16444095 2007 1 0 1 1 19900000 233921 7413688 2009 0 0 1 1 0 1 0 0 0.00000 0.02000 0.02000 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 1 1 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS IS UNDERWRITER'S DISCOUNT. IRENE LOFTUS SPOUSE OF JAMES LOFTUS, VP 32963 CONSULTING SERVICES 0 BARBARA JOHNSON OWNER OF MCCARTHY IMPROVEMENT 111354 CONSTRUCTION SERVICES 0 X 3 1400 SELLING PRICE X 25 346815 AVE FMV ON DATE OF GIFT X EQUIPMENT & FURNITURE 17 54747 COST/SELLING PRICE X SUPPORT/SET UP OF WEB PORTAL 1 315000 GRANT X FOOD, SUPPLIES, LABOR 21 43559 COST X MISCELLANEOUS 80 23932 COST 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE QUANTITIES REPORTED REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF OFFICERS OF THE BOARD OF TRUSTEES AND THE CHAIRPERSONS OF EACH OF THE STANDING COMMITTEES (ACADEMIC AFFAIRS AND SERVICES, ADVANCEMENT, FINANCE AND INVESTMENT, BUILDINGS AND GROUNDS, ENROLLMENT MANAGEMENT AND STUDENT SERVICES, GOVERNANCE AND NOMINATING, AUDIT AND EVALUATION AND COMPENSATION OF THE PRESIDENT). THIS COMMITTEE MAY EXERCISE, WHEN THE FULL BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE POWERS VESTED IN THE BOARD OF TRUSTEES, EXCEPT: - THE POWER TO ELECT, APPOINT OR REMOVE TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES - THE POWER TO CHANGE MEMBERSHIP OF, OR TO FILL VACANCIES IN, THE EXECUTIVE COMMITTEE - THE POWER TO APPOINT THE PRESIDENT OF THE UNIVERSITY - THE POWER TO MAKE, ALTER, RESTATE, AMEND OR REPEAL THE RESTATED ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION - THE POWER TO AUTHORIZE ANY SINGLE EXPENDITURE IN EXCESS OF $500,000 AND CUMULATIVE EXPENDITURES IN EXCESS OF $2,000,000 DURING ANY FISCAL YEAR - THE POWER TO ADOPT A PLAN OF MERGER OR CONSOLIDATION - THE RIGHT TO SELL, ENCUMBER, LEASE OR EXCHANGE OR MAKE OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OR TO EFFECT A VOLUNTARY DISPOSITION OF THE CORPORATION OR A REVOCATION THEREOF - ANY OTHER POWERS WHICH MAY BE EXPRESSLY OR SPECIFICALLY WITHHELD BY RESOLUTION OF THE BOARD OF TRUSTEES THE OFFICERS OF THE BOARD OF TRUSTEES ARE DEFINED AS THE CHAIR (THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE VICE CHAIRS (VICAR GENERAL OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT AND TWO LAY MEMBERS), THE SECRETARY/TREASURER (PRESIDENT OF THE UNIVERSITY) AND THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT FOR FINANCE OF THE UNIVERSITY). THE ONLY MEMBER OF THE EXECUTIVE COMMITTEE WHO IS NOT A MEMBER OF THE BOARD OF TRUSTEES IS THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT OF FOR FINANCE OF THE UNIVERSITY). FORM 990, PART VI, SECTION A, LINE 2 JOHN ANDERSON (BOARD MEMBER), MICHAEL BAUER (BOARD MEMBER) AND LINDA NEUMAN (BOARD MEMBER) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. BRIAN LEMEK AND ELIZABETH LEMEK HAVE A FAMILY RELATIONSHIP (HUSBAND AND WIFE). FORM 990, PART VI, SECTION A, LINE 4 THE GOVERNANCE AND NOMINATING COMMITTEE RECOMMENDED A REVISION TO THE UNIVERSITY'S BYLAWS FOR APPROVAL TO THE BOARD OF TRUSTEES. THE REVISION WAS PRESENTED AND APPROVED ON OCTOBER 1, 2010. THE REVISION CHANGES THE NUMBER OF TRUSTEES FROM NO MORE THAN THIRTY (30) TO NO MORE THAN THIRTY-FIVE (35). THE AMENDED LANGUAGE IS AS FOLLOWS: ARTICLE I - BOARD OF TRUSTEES 1. NUMBER. THE AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY A BOARD OF TRUSTEES, WHICH SHALL BE FIXED AT NO MORE THAN THIRTY-FIVE (35), EXCLUSIVE OF NON-VOTING EX OFFICIO MEMBERS. THE NUMBER OF TRUSTEES, WITHIN THE LIMITS PRESCRIBED, SHALL BE DETERMINED ANNUALLY BY THE BOARD OF TRUSTEES. TRUSTEES MAY BE DIVIDED INTO CLASSES. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF IRS FORM 990 IS PROVIDED TO THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO THE JANUARY COMMITTEE MEETING. THE COMMITTEE REVIEWS THE 990 AND APPROVES THE RETURN SUBJECT TO ANY REQUESTED CHANGES. THE 990 IS THEN PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO THE APRIL BOARD OF TRUSTEES MEETING. THE BOARD REVIEWS AND APPROVES THE RETURN DURING THIS MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE. ALL MATERIAL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE. ALL MATERIAL PURCHASES THAT WOULD REQUIRE APPROVAL UNDER THE CONFLICT OF INTEREST QUESTIONNAIRE WOULD BE IDENTIFIED DURING THESE REVIEWS. ON AN ANNUAL BASIS THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE COMPARES THE RESPONSES IN THE CONFLICT OF INTEREST QUESTIONNAIRES TO THE UNIVERSITY'S ACCOUNTING RECORDS TO ENSURE THEY ARE COMPLETE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE CURRENTLY COMPRISED OF JOHN ANDERSON, COMMITTEE CHAIR, BISHOP MARTIN AMOS, CHAIR OF THE BOARD OF TRUSTEES, AND RITA BAWDEN, BOARD MEMBER. IN ADDITION TO RECOMMENDING THE SALARY AND BENEFIT PACKAGE FOR THE PRESIDENT, THIS COMMITTEE ALSO HANDLES THE ANNUAL EVALUATION OF THE PRESIDENT. EVERY FIVE YEARS THE COMMITTEE OBTAINS A STUDY FROM A CONSULTING FIRM SPECIALIZING IN HUMAN RESOURCE MATTERS TO COMPARE THE SALARY AND BENEFITS OF THE UNIVERSITY'S PRESIDENT TO INDUSTRY MEDIANS FOR INSTITUTIONS OF HIGHER EDUCATION SIMILAR IN SIZE AND SCOPE. THIS STUDY LOOKS AT NATIONAL TRENDS IN ADDITION TO COMPENSATION LEVELS IN THE MIDWEST REGION. IN THE YEARS BETWEEN THESE STUDIES, THE COMMITTEE ALSO OBTAINS INDUSTRY DATA FROM SOURCES SUCH AS THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). GENERALLY IN LATE JUNE TO EARLY JULY, THE COMMITTEE ASKS THE PRESIDENT TO COMPLETE A SELF-EVALUATION OF HIS OR HER PERFORMANCE FOR THE PAST YEAR. THIS SELF-EVALUATION IS REVIEWED AND A SUMMARY OF THE PRESIDENT'S PERFORMANCE AND FUTURE GOALS IS COMPLETED BY THE COMMITTEE. THE COMMITTEE MEETS WITH THE PRESIDENT PRIOR TO THE OCTOBER BOARD MEETING TO DISCUSS HIS OR HER PERFORMANCE. THE COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE PRESIDENT AND COMPARES IT TO THE INDUSTRY DATA NOTED ABOVE. THE COMMITTEE THEN DELIBERATES AND RECOMMENDS A SALARY AND BENEFIT PACKAGE THAT WILL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE DISCUSSION AND DECISION OF THE COMMITTEE IS DOCUMENTED IN THEIR MINUTES. THE SALARY AND BENEFIT PACKAGE IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL DURING THE OCTOBER BOARD MEETING. THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES IS DOCUMENTED IN THEIR MINUTES. THE FOLLOWING IS THE PROCESS FOR SETTING THE SALARY AND BENEFITS OF THE VICE PRESIDENTS AND KEY EMPLOYEES: THE COMPENSATION AND BENEFITS OF THE UNIVERSITY'S VICE PRESIDENTS AND KEY EMPLOYEES IS THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS THE PRESIDENT HAS EACH VICE PRESIDENT PREPARE A SELF EVALUATION. THE PRESIDENT REVIEWS THE SELF EVALUATION AND DOCUMENTS HIS OR HER EVALUATION OF THE VICE PRESIDENT'S PERFORMANCE. THE EVALUATION OF KEY EMPLOYEES IS THE RESPONSIBILITY OF THEIR DIRECT SUPERVISOR. THE PRESIDENT OBTAINS INDUSTRY DATA FROM CUPA-HR AND REVIEWS THE COMPENSATION AND BENEFIT LEVELS OF EACH VICE PRESIDENT AND KEY EMPLOYEE BEFORE SETTING THEIR SALARY AND BENEFITS. THE PRESIDENT THEN COMMUNICATES THIS INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 16,186,758. DONATED SERVICES AND USE OF FACILITIES: 62,791. CHANGE IN NET INVESTMENT OF UNCONSOLIDATED SUB (PROFESSIONAL ARTS BUILDING) -180,176. CHANGE IN VALUE OF TRUST RECEIVABLE 860. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 1,895,014. BOOK/TAX DIFFERENCE - ACCRUED INTEREST INCOME -18,016. TOTAL TO FORM 990, PART XI, LINE 5: 17,947,231. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES FOR ST. AMBROSE UNIVERSITY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE UNIVERSITY'S ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR CHOOSING THE INDEPENDENT AUDITOR EACH YEAR. OFFICER COMPENSATION FOR SISTER JOAN LESCINSKI FORM 990, PART VII, SECTION A AS A MEMBER OF A RELIGIOUS ORDER, SISTER JOAN LESCINSKI'S COMPENSATION IS PAID TO HER ORDER. ST. AMBROSE UNIVERSITY PROVIDES A HOUSE, A CAR AND HEALTH INSURANCE BENEFITS TO SISTER JOAN LESCINSKI. UTILITIES, MAINTENANCE AND OTHER OPERATING COSTS OF THE HOUSE AND CAR ARE ALSO PAID FOR BY THE UNIVERSITY. VOLUNTEER ACTIVITIES FORM 990, PAGE 1, LINE 6 FUNDRAISING EVENTS ALL HAVE VOLUNTEER COMMITTEES THAT HELP PLAN AND IMPLEMENT THESE EVENTS. OTHER VOLUNTEERS SERVE ON ADVANCEMENT COMMITTEES. THE PRESIDENT'S CLUB EXECUTIVE COUNCIL HAS 15 MEMBERS WHO REPRESENT SAU AT PRESIDENT'S CLUB EVENTS; SOME SOLICIT THEIR PEERS FOR DONATIONS USING PERSONAL CONTACT AND LETTERS. THE ALUMNI BOARD HAS 20 MEMBERS WHO REPRESENT SAU AT CERTAIN ALUMNI EVENTS. THE BOARD IS RESPONSIBLE FOR HOSTING THREE TRIVIA NIGHTS EACH YEAR AND HOSTING BEE COOL TENTS AT THE BIX AND QC MARATHON. THE FIGHTING BEE GOLF CLASSIC COMMITTEE HAS 14 MEMBERS WHO HOST THE FIGHTING BEE GOLF TOURNAMENT. THE WINE FESTIVAL COMMITTEE HAS 20 MEMBERS WHO PLAN THREE FUNDRAISING EVENTS EACH YEAR: A WINE TASTING, A WINE DINNER AND A WINE FESTIVAL. PROFESSIONAL ARTS BUILDING LTD 1820 BRADY STREET DAVENPORT IA 52803 420869607 RENTAL SPACE/REAL ESTATE IA N/A C -233784 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 PROFESSIONAL ARTS BUILDING A 18016 INTEREST WAS ACCRUED AT 4.5% PROFESSIONAL ARTS BUILDING P 132341 QUARTERLY EXPENSES