2012-11-14T09:00:42-06:00 2012-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2011-07-01 420680404 BUENA VISTA UNIVERSITY BUEN 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 ELIZABETH MERTEN 7127492044 2012-11-13 1 KAY HEGARTY P00091057 3192985333 2011 2016-02-24 21:20:13Z ELIZABETH MERTEN 610 WEST 4TH STREET STORM LAKE IA 50588 73383097 0 X WWW.BVU.EDU X 1891 IA BUENA VISTA UNIVERSITY'S MISSION IS THAT WE DEVELOP STUDENTS FOR LIFE LONG SUCCESS THROUGH INNOVATIVE AND IMAGINATIVE ACADEMIC AND PROFESSIONAL PREPARATION. 20 19 1766 270 248757 0 4058442 3534007 49254753 49142990 9464762 2188976 59956 248757 62837913 55114730 12574822 12775685 0 0 26444893 26632797 0 0 1267916 18567156 19300743 57586871 58709225 5251042 -3594495 203795996 188851609 47371126 40451697 156424870 148399912 X WE DEVELOP STUDENTS FOR LIFE LONG SUCCESS THROUGH INNOVATIVE AND IMAGINATIVE ACADEMIC AND PROFESSIONAL PREPARATION. 1 0 35113810 12775685 41626781 INSTRUCTION OF APPROXIMATELY 2,373 STUDENTS, INCLUDING ACADEMIC SUPPORT, OPERATING LIBRARY AND TECHNOLOGY CENTER. 7652674 1580995 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER PLANNING AND PLACEMENT, STUDENT HEALTH AND OTHER SERVICES FOR APPROXIMATELY 799 CAMPUS LIVING STUDENTS. 6954876 5894882 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 799 CAMPUS LIVING STUDENTS. 49721360 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 155 0 1 1766 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUZETTE RADKE 7127492044 610 WEST 4TH STREET STORM LAKE IA 505881798 FREDERICK V MOORE 40.00 X X 218290 0 50420 JOHN ASCHENBRENNER 1.00 X 0 0 0 ED BODAKEN 1.00 X 0 0 0 MARC BRINKMEYER 1.00 X 0 0 0 TIM BROWN 1.00 X 0 0 0 DOUG CLAUSEN 1.00 X 0 0 0 KITTY CONOVER 1.00 X 0 0 0 ROBERT CRAMER 1.00 X 0 0 0 BECKI DRAHOTA 1.00 X 0 0 0 DORIS FRITCHER 1.00 X 0 0 0 JAMES HAAHR 1.00 X 0 0 0 LAURA HORN 1.00 X 0 0 0 MARK MCMANIGAL 1.00 X 0 0 0 NORMAN NIELSEN 1.00 X 0 0 0 CORDELL PETERSON 1.00 X 0 0 0 MARK PETERSON 1.00 X 0 0 0 TIM PIERCE 1.00 X 0 0 0 STEPHEN RUSSELL 1.00 X 0 0 0 BERNIE SAGGAU 1.00 X 0 0 0 QUENTIN WITTROCK 1.00 X 0 0 0 DAVID EVANS 40.00 X 121523 0 31172 KEITH BETTS 40.00 X 72295 0 12302 JOHN KLOCKENTAGER 40.00 X 57412 0 6458 ELIZABETH MERTEN 40.00 X 132846 0 26841 KENNETH CONVERSE 40.00 X 132484 0 28739 MARCIA NANCE 40.00 X 176907 0 10026 MARY GILL 40.00 X 111128 0 16254 RICHARD LAMPE 40.00 X 107062 0 14208 ESTER TRAVIS 40.00 X 111974 0 7453 STANTON ULLERICH 40.00 X 117861 0 22532 MICHAEL WHITLATCH 40.00 X 107100 0 13295 RICHARD BEEBE 40.00 X 100682 0 13091 1567564 0 252791 11 0 1 0 WEITZ CO 5901 THORNTON AVE DES MOINES IA 50321 CONSTRUCTION 5973716 MIDWEST FIELDTURF 22 S MAIN ST PO BOX 160 DENISON IA 51442 FIELDTURF 1814922 BWBR ARCHITECTS 380 ST PETER ST STE 600 ST PAUL MN 55102 ARCHITECT 716796 FLYNN WRIGHT INC 1408 LOCUST ST DES MOINES IA 50309 MARKETING 448790 G & R CONTROLS INC PO BOX 85661 SIOUX FALLS SD 57118 HVAC SERVICES 178678 5 3534007 522085 3534007 TUITION AND FEES 611600 41626781 41626781 SALES AND SERVICE AUXI 611710 5894882 5894882 SALES AND SERVICE EDUC 611710 1555968 1515636 40332 PARKING, COLLECTION OF 611710 65359 65359 49142990 3268408 3268408 17188935 18268367 -1079432 -1079432 -1079432 CONFERENCE CENTER 721000 247233 247233 FITNESS CENTER 713940 5086 5086 TACK ADVERTISING 511120 1383 1383 -4945 -4945 248757 55114730 49102658 248757 2229308 12775685 12775685 1202947 582831 441640 178476 19444905 15246125 3696904 501876 1355154 969845 339919 45390 3089571 2222272 767495 99804 1540220 1102292 386340 51588 179225 4577 174648 66439 66439 340050 340050 1376481 710598 550126 115757 240242 15852 175212 49178 1829844 1198083 528461 103300 398946 396808 2138 1519237 1275054 244183 1105782 624658 443050 38074 1123 1123 406146 406146 4451488 4193162 240426 17900 86008 86008 FOOD SERVICE & ALLOWANC 2149454 2149454 ACADEMIC & INSTITUTIONA 1908783 1908783 3241495 3852004 -677082 66573 58709225 49721360 7719949 1267916 3145229 4958044 2844771 1544166 1258787 1097660 495790 398791 145004827 81136761 54424745 63868066 110977360 98585602 11648014 11421317 3357725 3376753 15643575 3601210 203795996 188851609 4313654 4284975 2660822 2675857 3441485 2353684 31965827 27198454 2440 0 4986898 3938727 47371126 40451697 X 82188087 81452107 45945181 38073329 28291602 28874476 156424870 148399912 203795996 188851609 X -3594495 -4430463 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106680828 1326897 -3008032 -400191 -4774612 -340050 99484840 83614628 1917883 26576967 -766331 -4268217 -394102 106680828 75196617 1951418 12219063 -1081113 -4036876 -634481 83614628 114729654 582554 -31951206 -1194310 -6625667 -344408 75196617 0.34000 0.66000 0 0 3152982 3152982 98432178 47151104 51281074 37064969 31429518 5635451 6354698 2556139 3798559 63868066 REAL ESTATE INVESTMENTS 11014637 F CASH SURRENDER VALUE - LIFE INSURANCE 241272 F OTHER 165408 F 11421317 SPLIT INTEREST AGREEMENTS 3938727 3938727 55114730 58709225 -3594495 -4454785 19377 4945 -4430463 -8024958 37568532 -4454785 19377 -4435408 42003940 340050 12770740 13110790 55114730 45593490 0 45593490 340050 12775685 13115735 58709225 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2008 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: TAX LOSS ON PARTNERSHIP INTEREST 4,945. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP & FELLOWSHIP 12,775,685. TAX LOSS ON PARTNERSHIP INTEREST -4,945. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP AND FELLOWSHIP 12,775,685. 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 PUBLICIZED RACIALLY NON DISCRIMINATORY POLICY THROUGH VARIOUS COMMUNICATIONS. ALL MATERIALS PUBLISHED THROUGH THE NEWSPAPER OR BROADCAST MEDIA FOR THE PURPOSE OF RECRUITING STUDENTS CONTAINS INFORMATION ON THE NON-DISCRIMINATORY POLICY. IN ADDITION, THIS MATERIAL IS INCLUDED IN ALL RECRUITMENT LITERATURE, INCLUDING THE CATALOG AND STUDENT HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 BUENA VISTA UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM A GOVERNMENT AGENCY. BUENA VISTA UNIVERSITY RECEIVES FINACIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. 1 SEOG CONTRIBUTION 33 65727 TUITION REMISSION 9 115169 CENTER GRANTS 21 19243 ENDOWED/RESTRICTED GIFTS 276 416324 FALL SCHOLARSHIPS 967 6089647 SPRING SCHOLARSHIPS 891 5738078 ACADEMIC ASSISTANTSHIPS 127 100860 DOLLARS FOR SCHOLARS 13 1250 WORKSTUDY 377 148129 ROTC 13 78145 YELLOW RIBBON 1 3113 PART III - WORKSTUDY AND SEOG CONTRIBUTION NUMBER OF RECIPIENTS IS BASED ON AN ESTIMATE SINCE BOTH FIGURES ARE CALCULATED ON THE INSTITUTIONAL SHARE BASED ON TOTAL AMOUNT OF FUNDS AWARDED. FOR EXAMPLE, THE AVERAGE AMOUNT OF SEOG GIVEN TO STUDENTS IS $2,000 PER YEAR AND THE TOTAL INSTITUTIONAL FUNDS GIVEN IS $65,727. DIVIDING $65,727 BY $2,000 YIELDS APPROXIMATELY 33 STUDENTS. PART I, Q2: OUR FINANCIAL AID OFFICE MONITORS THE USE OF GRANT FUNDS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES. THEY REVIEW EACH STUDENT TO VERIFY THEIR ELIGIBILITY REQUIREMENTS FOR THE SPECIFIC GRANTS AND OTHER ASSISTANCE. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FREDERICK V MOORE 193070 0 0 0 25220 0 16681 0 33739 0 268710 0 0 0 DAVID EVANS 121110 0 0 0 413 0 11151 0 20021 0 152695 0 0 0 ELIZABETH MERTEN 129242 0 0 0 3604 0 11446 0 15395 0 159687 0 0 0 KENNETH CONVERSE 130279 0 0 0 2205 0 11650 0 17089 0 161223 0 0 0 MARCIA NANCE 175640 0 0 0 1267 0 6762 0 3264 0 186933 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I 1A: FREDERICK MOORE, PRESIDENT OF BUENA VISTA UNIVERSITY, IS GIVEN AN ANNUAL DISCRETIONARY SPENDING ACCOUNT TO BE USED FOR VARIOUS EXPENDITURES RELATED TO UNIVERSITY PROGRAMS, PROJECTS, ETC. HE IS ALSO PROVIDED A RESIDENCE FOR PERSONAL USE THAT IS ALSO USED FOR BUSINESS PURPOSES. IN ADDITION, THE UNIVERSITY HIRES AN ACCOUNTANT TO PREPARE MOORE'S INCOME TAX RETURNS. THE COST OF THE TAX PREPARATION IS ADDED TO HIS W-2 AS TAXABLE INCOME. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460C46 2007-05-01 7870000 VARIOUS CAPITAL PROJECTS 0 0 0 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460Q74 2011-05-25 15777321 VARIOUS CAPITAL PROJECTS 0 0 0 600000 8128590 85903 8155 8034532 2008 0 0 1 1 870000 15796820 155095 12561992 3079733 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 0 0 1 NATIXIS FUND CORP 1.400000000000 1 0 0 PART II, LINE 3 TOTAL PROCEEDS THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. X 2 321000 SELLING PRICE X 674 COST X 725 COST X 10 126624 STOCK EXCHANGE X 1 225 COST X CAR LEASE 2 15000 COST X GIFT CARDS/HOTEL 7 3993 COST X HP SERVER 1 41671 COST X RENTAL 3 12172 COST 0 1 0 THIRD PARTY USE: PART I, LINE 32B: IN COLUMN(B), BUENA VISTA UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR THE PROPERTY LISTED. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE UNIVERSITY RECEIVED ITS EQUITABLE PORTION OF THE MCELROY LOAN FUND TRUST EFFECTIVE FEBRUARY 1, 2012. THE UNIVERSITY WILL CONTINUE TO USE THE ASSETS RECEIVED FROM THE TRUST TO DISBURSE LOANS TO STUDENTS AND USE THE SAME CRITERIA FOR LENDING. FORM 990, PART VI, SECTION B, LINE 11 BUENA VISTA UNIVERSITY'S AUDIT COMMITTEE REVIEWS THE 990 BEFORE IT IS FILED. THE FINAL DRAFT IS GIVEN TO ALL OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BUENA VISTA UNIVERSITY PROVIDES THEIR BOARD OF TRUSTEES A CONFLICT OF INTEREST SHEET THAT DISCLOSES ALL THE CONFLICTS OF INTEREST. ALL TRUSTEES ARE REQUIRED TO MAKE ANY CHANGES AND SIGN THEIR NAME. FORM 990, PART VI, SECTION B, LINE 15 QUESTION 15A - PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S PRESIDENT THE PRESIDENT OF BUENA VISTA UNIVERSITY'S SALARY IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR. ANY TRUSTEE WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE, IS NOT INVOLVED. THE COMPENSATION COMMITTEE ALSO REVIEWS THE SALARIES OF OTHER PRESIDENTS AT IOWA COLLEGES AND UNIVERSITIES EACH YEAR AND COMPARES THE COMPENSATION BEING RECEIVED BY BUENA VISTA UNIVERSITY'S PRESIDENT. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS AND RECORDS ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. BUENA VISTA UNIVERSITY ALSO HIRES AN OUTSIDE CONSULTANT EVERY THREE YEARS TO REVIEW ALL SALARIES GIVEN BY THE UNIVERSITY. THIS WAS LAST DONE IN 2008. QUESTION 15B - PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES THE SALARIES OF OFFICERS OF BUENA VISTA UNIVERSITY ARE REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR AND FINAL APPROVAL IS GIVEN BY THE PRESIDENT. ANY TRUSTEE WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE, IS NOT INVOLVED. THE COMPENSATION COMMITTEE AND PRESIDENT ALSO REVIEW THE SALARIES OF OTHER OFFICERS AT IOWA COLLEGES AND UNIVERSITIES EACH YEAR AND COMPARES THE COMPENSATION TO THE COMPENSATION RECEIVED BY BUENA VISTA UNIVERSITY'S OFFICERS. THE COMPENSATION COMMITTEE AND THE PRESIDENT CONTEMPORANEOUSLY DOCUMENT AND RECORD ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. BUENA VISTA UNIVERSITY ALSO HIRES AN OUTSIDE CONSULTANT EVERY THREE TO FIVE YEARS TO REVIEW ALL SALARIES GIVEN BY THE UNIVERSITY. THIS WAS LAST DONE IN 2008. FORM 990, PART VI, SECTION C, LINE 19 BUENA VISTA UNIVERSITY PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,454,785. DONATED SERVICES AND USE OF FACILITIES: 19,377. TAX LOSS ON PARTNERSHIP INTEREST 4,945. TOTAL TO FORM 990, PART XI, LINE 5: -4,430,463. AUDIT COMMITTEE RESPONSIBILITIES FORM 990, PART XII, 2C THE BOARD OF TRUSTEES FOR BUENA VISTA 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. AUDIT REQUIREMENTS FORM 990, PART XII, 3B BUENA VISTA UNIVERSITY IS REQUIRED TO UNDERGO AN AUDIT AS SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. BUENA VISTA UNIVERSITY UNDERWENT THIS AUDIT BY MCGLADREY LLP FOR 6-30-2012. VOLUNTEERS FORM 990, PART I, 6 THE NUMBER OF VOLUNTEERS WAS DETERMINED BY THE INSTITUTIONAL ADVANCEMENT OFFICE. DUTIES FOR VOLUNTEERS INCLUDED: ALUMNI CALLING PROSPECTIVE STUDENTS AND ALUMNI HELPING WITH EVENTS ON CAMPUS. BUENA VISTA UNIVERSITY FOUNDATION 610 WEST 4TH STREET STORM LAKE IA 50588 421463509 SUPPORT IA 501(C)(3) LINE 11C, III-FI BUENA VISTA UNIVERSITY 1 MCELROY BUENA VIST LOAN FUND 610 WEST 4TH STREET STORM LAKE IA 50588 421256053 LOAN FUND IA 501(C)(3) LINE 11A, I 1 CHARITABLE REMAINDER TRUSTS (13) CHARITABLE TRUSTS IA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MCELROY - BUENA VISTA LOAN FUND R 427941 CASH/RECEIVABLES