2011-01-14T08:34:06-06:00 2010-05-31 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-06-01 420680466 LUTHER COLLEGE LUTH 5633871015 700 COLLEGE DRIVE DECORAH IA 52101 DIANE TACKE 5633871015 2011-01-13 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z RICHARD TORGERSON 700 COLLEGE DRIVE DECORAH IA 52101 130165115 0 9386 X WWW.LUTHER.EDU X 1865 IA LUTHER COLLEGE IS A FOUR-YEAR, RESIDENTIAL LIBERAL ARTS INSTITUTION AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. FOUNDED IN 1861 (INCORPORATED 1865) BY NORWEIGIAN IMMIGRANTS, THE COLLEGE OFFERS MORE THAN 60 MAJORS, MINORS, AND PREPROFESSIONAL PROGRAMS LEADING TO THE BACHELOR OF ARTS DEGREE (B.A.), WITH THE GREATEST NUMBER OF GRADUATES COMING FROM BIOLOGY, EDUCATION, AND MUSIC. NEARLY 40 STATES AND MORE THAN 50 COUNTRIES ARE REPRESENTED IN THE 2,500-MEMBER STUDENT BODY. LUTHER'S MISSION STATEMENT EMPHASIZES FAITH, LEADERSHIP, AND SERVICE TO THE LARGER WORLD. ITS 800-ACRE CAMPUS, LOCATED IN THE BLUFF COUNTRY OF NORTHEAST IOWA ALONG THE UPPER IOWA RIVER, IS AMONG THE MOST BEAUTIFUL IN REGION AND REINFORCES THE COLLEGE'S STRONG COMMITMENT TO ENVIRONMENTAL STEWARDSHIP. LUTHER IS FULLY ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTAL ASSOCIATION OF COLLEGES AND SCHOOLS. 30 30 3206 1083 61876 -10370 9343900 10290140 88249621 98035455 3079793 911795 2871348 1992804 103544662 111230194 31377659 35199593 0 0 38687728 40459600 0 0 3679142 30998023 34619519 101063410 110278712 2481252 951482 231080700 239893130 60516233 60310510 170564467 179582620 LUTHER COLLEGE IS A FOUR-YEAR, RESIDENTIAL LIBERAL ARTS INSTITUTION AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. FOUNDED IN 1861 (INCORPORATED 1865) BY NORWEIGIAN IMMIGRANTS, THE COLLEGE OFFERS MORE THAN 60 MAJORS, MINORS, AND PREPROFESSIONAL PROGRAMS LEADING TO THE BACHELOR OF ARTS DEGREE (B.A.), WITH THE GREATEST NUMBER OF GRADUATES COMING FROM BIOLOGY, EDUCATION, AND MUSIC. NEARLY 40 STATES AND MORE THAN 50 COUNTRIES ARE REPRESENTED IN THE 2,500-MEMBER STUDENT BODY. LUTHER'S MISSION STATEMENT EMPHASIZES FAITH, LEADERSHIP, AND SERVICE TO THE LARGER WORLD. ITS 800-ACRE CAMPUS, LOCATED IN THE BLUFF COUNTRY OF NORTHEAST IOWA ALONG THE UPPER IOWA RIVER, IS AMONG THE MOST BEAUTIFUL IN REGION AND REINFORCES THE COLLEGE'S STRONG COMMITMENT TO ENVIRONMENTAL STEWARDSHIP. LUTHER IS FULLY ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTAL ASSOCIATION OF COLLEGES AND SCHOOLS. 0 0 67629431 35199593 79184768 INSTRUCTION: LUTHER COLLEGE IS A RESIDENTIAL, LIBERAL ARTS COLLEGE OF THE LUTHERAN CHURCH. HERE CREATIVE SCHOLARSHIP, PERSONAL GROWTH, WORKSHIP, AND SOCIAL RELATIONSHIPS MERGE TO CREATE AN UNDERSTANDING OF THE WHOLENESS OF LIFE. TOTAL ENROLLMENT WAS 2,488 FTE STUDENTS IN THE FALL OF 2009. 553 STUDENTS GRADUATED IN THE 2009-10 ACADEMIC YEAR. LUTHER COLLEGE OFFERS 37 MAJORS, 32 MINORS AND INTERDISCIPLINARY MINORS, AND 10 PREPROFESSIONAL AND SPECIFIC PROGRAMS. 14590991 0 1160996 ACADEMIC SUPPORT AND STUDENT SERVICES; RESOURCES ARE PROVIDED THROUGH AN EXTENSIVE LIBRARY AND INFORMATION SERVICES PROGRAM. THE COLLEGE HAS OVER 100 STUDENT ORGANIZATIONS, ALONG WITH COLLEGE MINISTRIES, ACADEMIC SUPPORT SERVICES, RECREATION AND WELLNESS PROGRAMS. THERE IS A CAREER CENTER, A CAMPUS HEALTH SERVICE AND COUNSELING CENTER, RESIDENTIAL LIFE PROGRAMS, AND ADMISSIONS AND FINANCIAL AID DEPARTMENTS (2,488 FTE STUDENTS). 16459866 0 17638204 AUXILIARY ENTERPRISES: IN THE FALL OF 2009, 2,150 STUDENTS WERE HOUSED IN LUTHER'S RESIDENCE HALLS WITH AN OCCUPANCY RATE OF 101.37% AND 2,190 STUDENTS USED THE COLLEGE'S DINING SERVICES (2,488 FTE STUDENTS). 954891 0 0 PUBLIC SERVICE: OFFERINGS TO THE BROADER COMMUNITY INCLUDE A COLLEGE RADIO STATION, CONFERENCES AND SEMINARS, A PERFORMING ARTS SERIES, UPWARD BOUND, AND A VARIETY OF PROGRAMS IN THE ARTS, ATHLETICS, SCIENCES, AND LEADERSHIP DEVELOPMENT FOR HIGH SCHOOL STUDENTS. 323374 0 0 RESEARCH: THE COLLEGE RECEIVES GRANTS FOR FACULTY/STUDENT RESEARCH COLLABORATION, PARTICULARLY IN THE SCIENCES. THE COLLEGE DEDICATES SPACE, RESOURCES, AND FACULTY TIME FOR COLLABORATIVE INVESTIGATION WITH STUDENTS. RESEARCH PROJECTS ACROSS THE CURRICULUM OCCUR DURING THE ACADEMIC YEAR AND IN THE SUMMER (23 PROGRAMS). 1278265 99958553 1 1 0 0 0 0 1 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 4256 0 1 3206 1 1 1 1 UK MT NO 0 0 0 1 1 1 3 0 0 30 30 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DIANE TACKE 5633681015 700 COLLEGE DRIVE DECORAH IA 52101 JUDY VIJUMS 1.00 X 0 0 0 RUSSELL BRUEMMER 1.00 X 0 0 0 RONALD HAVE 1.00 X 0 0 0 MICHAEL R WIGLEY 1.00 X 0 0 0 DAIVD CARLSON 1.00 X 0 0 0 EMMA GRAEBER PORTER 1.00 X 0 0 0 RONALD K CALGAARD 1.00 X 0 0 0 ARNE M SORENSON 1.00 X 0 0 0 GREGORY D FIELDS 1.00 X 0 0 0 JON M STELLMACHER 1.00 X 0 0 0 MICHAEL L HICKS 1.00 X 0 0 0 DAVID J KUNDERT 1.00 X X 0 0 0 SANDRA LEE 1.00 X 0 0 0 PAULA R MEYER 1.00 X X 0 0 0 TIMOTHY JONES 1.00 X 0 0 0 MARSHA D OLCH 1.00 X 0 0 0 STEVEN OVERHOLT 1.00 X 0 0 0 MARILYN H ROVERUD 1.00 X X 0 0 0 STEVEN SCHAVER 1.00 X 0 0 0 J STEPHEN SCHMIDT 1.00 X 0 0 0 PEG ARMSTRONG GUSTAFSON 1.00 X 0 0 0 PAUL TORGERSON 1.00 X 0 0 0 BRUCE ALTORFER 1.00 X 0 0 0 MARTI RODAMAKER 1.00 X 0 0 0 GEORGE D KUH 1.00 X 0 0 0 DAVID K LIETZ 1.00 X 0 0 0 TIMOTHY J OITZMAN 1.00 X 0 0 0 MICHAEL BURK 1.00 X 0 0 0 PEGGY ETTESTAD 1.00 X 0 0 0 DAVID MEYER 1.00 X 0 0 0 RICHARD TORGERSON 40.00 X 247085 0 57089 DIANE TACKE 40.00 X 141840 0 31306 WILLIAM CRAFT 40.00 X 144781 0 21587 KEITH CHRISTENSEN 40.00 X 131459 0 33415 SCOT SCHAEFFER 40.00 X 121535 0 26499 ANN HIGHUM 40.00 X 122953 0 21476 MARK LUND 40.00 X 105574 0 17616 DAVID MITCHELL 40.00 X 100586 0 21863 ELWIN FARWELL 0.00 X 20737 0 0 1136550 0 230851 8 1 1 0 SODEXO FINANCIAL SERVICES 10 EARHART DRIVE WILLIAMSVILLE NY 14221 DINING SERVICES 6047451 OPUS NW CONSTRUCTION CORP 10350 BREN RD WEST MINNETONKA MN 55343 CONSTRUCTION 2663306 WICK'S CONSTRUCTION INC PO BOX 428 DECORAH IA 52101 CONSTRUCTION 556559 BEYNON SPORTS SURFACES 16 ALT ROAD HUNT VALLEY MD 21030 CONSTRUCTION 375616 REILLY CONSTRUCTION COMPANY 110 MAIN STREET OSSIAN IA 52161 CONSTRUCTION 338267 10 45558 2984218 7260364 389321 10290140 TUITION & FEES 611310 79184768 79184768 SALES & SERVICE OF AUX 611310 17689691 17638204 51487 SALES & SERVICE OF EDU 611710 1160996 1160996 98035455 2161799 2161799 88981 118299 -29318 -29318 -29318 17505502 24802 18780308 -1274806 24802 -1250004 -1250004 33233 45558 36314 -3081 -3081 MISCELLANEOUS 611310 1230129 1230129 SUMMER PROGRAMS 721000 266344 21930 244414 ALTERNATIVE INVESTMENT 611310 173926 173926 354804 -11541 366345 2025203 111230194 97983968 61876 2894210 35199593 35199593 1101025 458831 477320 164874 20737 20737 28508081 24512281 2620279 1375521 2330928 1974927 232211 123790 6565753 5624922 643607 297224 1933076 1636753 192868 103455 56474 4070 49341 3063 87010 87010 145657 57586 82061 6010 2763031 2499585 153255 110191 181758 63196 73682 44880 9435180 8715087 360046 360047 2445817 2259393 108260 78164 1358974 1115806 86264 156904 853740 769037 42352 42351 5797803 5433527 91069 273207 EQUIPMENT RENTAL/MAINTE 7358108 6311894 799861 246353 OPERATION AND MAINTENAN 1853634 1574723 139455 139456 MISCELLANEOUS 1394719 1247581 129506 17632 PRINTING 588867 337600 162454 88813 POSTAGE 298747 162161 89379 47207 110278712 99958553 6641017 3679142 26322482 29720273 5034962 4921547 142270 217778 2058741 2060317 530449 493003 367847 268508 164519940 77303156 78923574 87216784 75234868 81827500 18592609 18676985 7247350 7386196 16625548 7104239 231080700 239893130 7903281 8141958 5731474 5721730 648856 314397 32372463 31138520 566424 364049 13293735 14629856 60516233 60310510 X 78330122 80524996 15551919 18058481 76682426 80999143 170564467 179582620 231080700 239893130 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X X X 0 94831214 4419467 8669457 2814961 2240807 102864370 120812405 3720052 -24637873 2772337 2291033 94831214 0.28200 0.71800 0.00000 0 0 594581 594581 1646519 121429605 48790681 74285443 12878442 7513649 5364793 27970793 20998826 6971967 87216784 18447916 F REAL ESTATE 221942 F NOTES RECEIVABLE 7127 F 18676985 ANNUITIES PAYABLE 5160690 ASSET RETIREMENT OBLIGATION 2442471 DEPOSITS HELD IN CUSTODY FOR OTHERS 472420 OTHER LIABILITIES 6554275 14629856 111230194 110278712 951482 7497671 569000 8066671 9018153 84215571 7497671 1155398 8653069 75562502 35667692 35667692 111230194 75197418 118299 118299 75079119 35199593 35199593 110278712 Part III, Line 4: WORKS IN THE COLLECTION INCLUDE PAINTINGS, DRAWINGS, WORKS PRODUCED THROUGH PRINT; PHOTOGRAPHIC; OR OTHER TECHNIQUES WHICH PRODUCE MULTIPLE ORIGINALS; SCULPTURE IN MEDIA; ASSEMBLAGES; TEXTILE; CERAMICS; AND UTILITARIAN OR RITUAL OBJECTS IN ANY MEDIUM WHOSE PRINCIPLE VALUE RESIDES IN THEIR AESTHETIC MERIT. THE FINE ARTS COLLECTION EXISTS TO SUPPORT THE GENERAL MISSION OF THE COLLEGE BY PROMOTING AWARENESS AND UNDERSTANDING OF A BROAD SPECTRUM OF ARTISTIC EXPRESSION THROUGH DIVERSITY IN MEDIA, CULTURE, AND HISTORICAL PERSPECTIVE. AS UNIQUE EXPRESSIONS OF THE HUMAN CONDITION, WORKS IN THE COLLECTION INVIGORATE LEARNING AND TEACHING, AND PROVIDE EXPANDED OPPORTUNITIES FOR STUDY, RESEARCH, AND INDIVIDUAL PLEASURE. Part V, Line 4: Description of Intended Use of Endowment Funds: TO AWARD SCHOLARSHIPS TO STUDENTS AND TO COVER PROGRAM RELATED EXPENSES. Part X: Description of Uncertain Tax Positions Under FIN 48: IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE HAS ADDRESSED THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2010. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2007 TO 2009, WHICH STATUTES EXPIRE IN 2010 TO 2012, RESPECTIVELY. Part XI, Line 8 - Other Adjustments: ACTUARIAL ADJUSTMENTS: 1037099. INTEREST RATE SWAP: -479640. BOOK/TAX DIFFERENCE FROM K-1S: 11541. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSE: 118299. ACTUARIAL ADJUSTMENTS: 1037099. Part XII, Line 4b - Other Adjustments: FUNDED/UNFUNDED SCHOLARSHIPS : 35199593. INTEREST RATE SWAP : 479640. BOOK/TAX DIFFERENCE FROM K-1S: -11541. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSE: 118299. Part XIII, Line 4b - Other Adjustments: FUNDED/UNFUNDED SCHOLARSHIPS: 35199593. 1 1 1 THE COLLEGE CATALOG, VIEW BOOK, APPLICATION FOR ADMISSION, ADMISSIONS GENERAL INFORMATION BROCHURE, AND THE STUDENT HANDBOOK ALL CONTAIN THE COLLEGE'S NONDISCRIMINATORY POLICY. THESE MAJOR PUBLICATIONS ARE PROVIDED TO ALL STUDENTS THROUGHOUT THE ADMISSIONS AND ORIENTATION PROCESS. BECAUSE THE COLLEGE TYPICALLY DRAWS APPROXIMATELY 32 PERCENT OF OUR STUDENTS FROM IA, 36 PERCENT FROM MN, 13 PERCENT FROM WI, 6 PERCENT FROM IL, 8 PERCENT FROM OUTSIDE THE 4 STATE AREA, AND 5 PERCENT INTERNATIONALLY, WE BELIEVE THAT WE QUALIFY FOR THE PUBLICITY EXCEPTION NOTICE PROVIDED BY SECTION 4.01(2(B) OF REV. PROC. 75-50. THE COLLEGE IS ACTIVELY COMMITTED TO PROVIDING OPPORTUNITIES TO STUDENTS FROM DIVERSE BACKGROUNDS. A COORDINATED MULTICULTURAL AND INTERNATIONAL RECRUITMENT EFFORT EXISTS, COUPLED WITH A STRONG NETWORK OF ADVOCACY AND SUPPORT FOR STUDENTS FROM DIVERSE BACKGROUNDS. AS EVIDENCE OF THE COLLEGE'S COMMITTMENT, NEARLY 7 PERCENT OF OUR STUDENTS ARE RACIAL MINORITY STUDENTS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 LUTHER COLLEGE RECEIVES AID OR ASSISTANCE FROM THE GOVERNMENT AGENCIES AND PROGRAMS AS FOLLOWS: STUDENT FINANCIAL ASSISTANCE PROGRAMS CLUSTER, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL SMART GRANT PROGRAM, FEDERAL ACG PROGRAM, FEDERAL DIRECT LOAN PROGRAM, ROBERT C BYRD HONORS SCHOLARSHIPS, TEACHERS EDUCATION ASSISTANCE FOR COLLEGE & HIGHER EDUCATION GRANTS, IOWA TUITION GRANT, AND IOWA WORK STUDY. 1 SOUTH AMERICA PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 93100 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 184007 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 918602 CENTAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 38634 SUB-SAHARAN AFRICA PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 249067 EAST ASIA AND THE PACIFIC PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 118336 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICES LUTHER COLLEGE OFFERS NUMEROUS OPPORTUNITES FOR SHORT AND LONG-TERM STUDY OUTSIDE THE CONTINENTIAL UNITED STATES 29113 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 0 CENTAL AMERICA AND THE CARIBBEAN INVESTMENTS 0 0 0 1630859 ALUMNI FUNDRAISING 26155 19065 7090 2197 4330 4214 GOLF OUTING 19609 8858 10751 1180 7652 1148 2 33027 17635 15392 761 11425 3407 78791 45558 33233 1941 21274 4330 8769 36314 -3081 1 STUDENT SCHOLARSHIPS 1664 35199593 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE DETERMINED BY THE OFFICE OF FINANCIAL STUDENT AID THROUGH CAREFUL STUDY OF THE INFORMATION ON THE FINANCIAL ASSISTANCE APPLICATION, THE STUDENT'S ACADEMIC RECORD, TEST SCORES, AND RECOMMENDATIONS. DETAILED RECORDS AND STATISTICS ARE MAINTAINED BY THE OFFICE OF FINANCIAL AID AND THE OFFICE OF ASSESSMENT AND INSTITUTIONAL RESEARCH IN REGARDS TO ALL FINANCIAL AID AWARDED TO STUDENTS OF THE COLLEGE, INCLUDING GRANTS AND SCHOLARSHIPS. X X 1 1 0 0 0 0 0 0 0 0 0 RICHARD TORGERSON 225125 0 0 0 21960 0 25000 0 32089 0 304174 0 0 0 DIANE TACKE 135840 0 0 0 6000 0 14665 0 16641 0 173146 0 0 0 WILLIAM CRAFT 144781 0 0 0 0 0 14515 0 7072 0 166368 0 0 0 KEITH CHRISTENSEN 131459 0 0 0 0 0 13665 0 19750 0 164874 0 0 0 ELWIN FARWELL 20737 0 0 0 0 0 0 0 0 0 20737 0 0 0 Part I, Line 1a LUTHER COLLEGE PROVIDES A HOUSE, UTILITIES, AND COUNTRY CLUB DUES TO THE PRESIDENT OF THE COLLEGE, AND COUNTRY CLUB DUES TO THE VICE PRESIDENT FOR DEVELOPMENT. THESE BENEFITS ARE LISTED IN THE WRITTEN COMPENSATION POLICY FOR THE COLLEGE AND ARE ALSO IN THE WRITTEN EMPLOYMENT CONTRACT OF EACH OF THESE INDIVIDUALS. THE HOUSING ALLOWANCE FOR THE PRESIDENT, AND THE COUNTRY CLUB DUES FOR THE PRESIDENT AND VICE PRESIDENT FOR DEVELOPMENT ARE NOT TREATED AS TAXABLE COMPENSATION BECAUSE THE PRESIDENT'S HOUSE IS USED FOR COLLEGE BUSINESS AND MEETINGS, AND THE COUNTRY CLUB IS USED EXCLUSIVELY FOR BUSINESS PURPOSES TO BUILD RELATIONSHIPS WITH PROSPECTIVE DONORS TO THE COLLEGE. CITY OF DECORAH 426004485 2004-12-15 3600000 CENTENNIAL UNION RENOVATION 0 0 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460F43 2008-12-10 11000000 SCIENCE BUILDING RENOVATION 0 0 3600000 13861 3586139 2006 0 0 1 1 11000000 213034 10786966 2009 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 U S BANK 10.000000000000 0 0 0 0 1 1 BANK OF MONTREAL 10.000000000000 0 0 0 X 714 FMV X 50 FMV X 40 280901 FMV X 2 505 COST X 2 9124 FMV X HOTEL ROOM 1 217 COST X PRIZES FOR GOLF OUTING 1 450 COST X 42 IN KIMBALL PIANO 1 750 FMV X PICTURE FRAMING 1 69 COST X ALL WEATHER TRACK RENOVATION 1 975 COST X BERM PROJECT 1 1000 COST X GOLF TEE 1 500 COST X TRACK & FOOTBALL FIELD ENTRANCE PROJECT 2 25878 COST X GIFT BASKET FOR ALUMNI EVENT 1 220 COST X HOTEL & FLIGHT FOR A MEETING 4 2530 COST X COMPUTER EQUIPMENT 1 41169 COST X DINING SUPPLIES & EQUIPMENT 1 18669 COST X WORK ON FOUR DUGOUTS 1 3800 COST X WORK ON STORAGE SHED 1 1800 COST 1 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTIONS IN COLUMN B ARE THE NUMBER OF ITEMS DONATED. Third Party Use: Part I, Line 32b: THE ORGANIZATION MAY AT TIMES UTILIZE INDEPENDENT BROKERS OR INDEPENDENT AGENTS TO SOLICIT, PROCESS, OR SELL GIFTS OF STOCK OR REAL ESTATE. Form 990, Part VI, Section A, line 2 DAVID LIETZ AND MIKE WIGLEY HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section A, line 6 THE MEMBERS OF THIS CORPORATION SHALL BE THOSE INDIVIDUALS HOLDING THE FOLLOWING POSITIONS AND OFFICES: (A) THE VOTING MEMBERS OF THE CHURCHWIDE ASSEMBLY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA ENTITLED TO VOTE AT SUCH MEETINGS CHOSEN IN ACCORDANCE WITH THE DISCIPLINE AND USAGE OF SUCH CHURCH, OR ITS SUCCESSOR. SUCH MEMBERS SHALL REMAIN MEMBERS OF THE CORPORATION UNTIL THE CONVENING OF THE SUCCEEDING CHURCHWIDE ASSEMBLY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA AT WHICH TIME SUCH MEMBERS SHALL GIVE PLACE TO THE VOTING MEMBERS AT SUCH SUCCEEDING CHURCHWIDE ASSEMBLY, IN ACCORDANCE WITH THE DISCIPLINE AND USAGE OF SAID CHURCH, OR ITS SUCCESSOR. (B) THE MEMBERS OF THE BOARD OF REGENTS OF THIS CORPORATION. (C) THE PRESIDENT OF THE COLLEGE OPERATED BY THIS CORPORATION. (D) THE OFFICERS OF THE ADMINISTRATION OF THE COLLEGE. Form 990, Part VI, Section A, line 7a THE GOVERNING BODY OF LUTHER COLLEGE IS THE BOARD OF REGENTS. THE BOARD OF REGENTS ARE LISTED AS MEMBERS OF THE ORGANIZATION. REGENTS ARE ELECTED BY THE BOARD AND THEIR ELECTION SHALL BE SUBMITTED FOR RATIFICATION BY THE CORPORATION. Form 990, Part VI, Section A, line 7b THE GOVERNING BODY OF LUTHER COLLEGE IS THE BOARD OF REGENTS. THE BOARD OF REGENTS ARE LISTED AS MEMBERS OF THE ORGANIZATION. DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE BOARD OF REGENTS. Form 990, Part VI, Section B, line 11 THE 990 IS PREPARED BY THE ACCOUNTING MANAGER, REVIEWED BY THE CONTROLLER, AND IS REVIEWED BY THE VP FOR FINANCE AND ADMINISTRATION. THE 990 IS THEN SENT TO THE FIRM OF RSM MCGLADREY FOR REVIEW AND ENTRY INTO THEIR TAX SOFTWARE. AFTER ALL REVIEWS ARE COMPLETED, THE 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL. AFTER AUDIT COMMITTEE APPROVAL, THE 990 IS SENT TO EACH BOARD MEMBER, AND THE COMPLETED FORM 990 IS SIGNED BY THE VP FOR FINANCE AND ADMINSTRATION, AND A MANAGING DIRECTOR FROM RSM MCGLADREY, AND IS FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c LUTHER COLLEGE'S CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT IS SENT OUT TO THE BOARD OF REGENTS, PRESIDENT, VICE PRESIDENTS, AND KEY EMPLOYEES OF THE COLLEGE IN MAY OF EACH YEAR. EACH RECIPIENT IS REQURIED TO READ THE POLICY AND TO COMPLETE, SIGN, AND RETURN THE DISCLOSURE STATEMENT TO THE OFFICE FOR FINANCIAL SERVICES TO BE REVIEWED FOR POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. LUTHER COLLEGE'S CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT ADDRESSES ALL AREAS OF CONCERN EXPRESSED ON FORM 990. Form 990, Part VI, Section B, line 15 THE DIRECTOR OF HUMAN RESOURCES AND THE PRESIDENT OF THE COLLEGE WILL GATHER THE FOLLOWING BENCHMARK SALARY DATA: 1. MEDIAN SALARIES FOR CUPA PRIVATE RELIGIOUS COLLEGES WITH COMPARABLE ENROLLMENT. 2. MEDIAN AND MAXIMUM SALARIES FOR 21 SELECTED ELCA COLLEGES. 3. MEDIAN AND MAXIMUM SALARIES FOR 7 COMPARABLE PEER ELCA COLLEGES. 4. MEDIAN AND MAXIMUM SALARIES FOR 5 COMPARABLE IAICU COLLEGES. THE PRESIDENT OF THE COLLEGE WILL REVIEW AND PRESENT THE PRESIDENTIAL AND VICE PRESIDENTIAL BENCHMARK SALARY INFORMATION TO THE BOARD OF REGENTS. AT THE MAY BOARD MEETING, THE BOARD OF REGENTS WILL MEET TO REVIEW THE FOUR SALARY BENCHMARK INDICATORS AND WILL DETERMINE AND APPROVE COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENTS OF THE COLLEGE. THE BOARD OF REGENTS WILL ALSO REVIEW THE NON-SALARY COMPENSATION BENEFITS PROVIDED TO THE OFFICERS. THE CHAIRPERSON OF THE BOARD OF REGENTS WILL NOTIFY THE DIRECTOR OF HUMAN RESOURCES WITH THE APPROVAL OF COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENTS WILL BE RECORDED IN THE MINUTES OF THE MEETING AND WILL BE MAINTAINED IN A CONFIDENTIAL ARCHIVE. THIS PROCESS WAS LAST COMPLETED IN MAY, 2010. Form 990, Part VI, Section C, line 19 COPIES OF LUTHER COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS, AND FORMS 990 & 990T ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICE FOR FINANCIAL SERVICES, 700 COLLEGE DRIVE, DECORAH, IA 52101. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ONLINE AT WWW.LUTHER.EDU/FINANCIALSERVICES. LUTHER COLLEGE WIND ENERGY PROJECT LLC 700 COLLEGE DRIVE DECORAH IA 52101 352366881 PRODUCTION OF ELECTRICITY IA 0 0 N/A MCELROY LUTHER LOAN FUND 700 COLLEGE DRIVE DECORAH IA 52101 421202192 HIGHER EDUCATION LOAN FUND IA 501(C)(3) 11B N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0