2011-02-12T08:51:44-06:00 2010-06-30 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-07-01 420680404 Buena Vista University BUEN 7127492044 610 West Fourth Street Storm Lake IA 505881798 ELIZABETH MERTEN 7127492044 2011-02-10 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z ELIZABETH MERTEN 610 WEST 4TH STREET STORM LAKE IA 50588 79929870 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. 24 23 1839 250 -58124 -325271 1356569 3281383 42995319 46150039 -9261081 3860363 111487 -58124 35202294 53233661 11374425 11616131 0 22503315 24156175 0 1183866 18795059 17690864 52672799 53463170 -17470505 -229509 154834880 163442229 30504721 30244281 124330159 133197948 WE DEVELOP STUDENTS FOR LIFE LONG SUCCESS THROUGH INNOVATIVE AND IMAGINATIVE ACADEMIC AND PROFESSIONAL PREPARATION. 0 0 32651863 11616131 39182402 INSTRUCTION OF APPROXIMATELY 2,481 STUDENTS, INCLUDING ACADEMIC SUPPORT, OPERATING LIBRARY AND TECHNOLOGY CENTER. 7177999 0 1192055 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER PLANNING AND PLACEMENT, STUDENT HEALTH AND OTHER SERVICES FOR APPROXIMATELY 809 CAMPUS LIVING STUDENTS. 6861064 0 5643863 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 809 CAMPUS LIVING STUDENTS. 46690926 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 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 1 141 0 1 1839 1 1 1 1 SZ DA IT KS NO SW 0 0 0 0 0 0 0 24 23 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 192524 0 49167 EDWARD BOCK 1.00 X 0 0 0 EDWARD BODAKEN 1.00 X 0 0 0 MARC BRINKMEYER 1.00 X 0 0 0 TIMOTHY BROWN 1.00 X 0 0 0 DOUGLAS CLAUSEN 1.00 X 0 0 0 DR E WAYNE COOLEY 1.00 X 0 0 0 ROBERT L CRAMER 1.00 X 0 0 0 GLENN H DESTIGTER 1.00 X 0 0 0 BECKY DRAHOTA 1.00 X 0 0 0 DORIS FRITCHER 1.00 X 0 0 0 JAMES S HAAHR 1.00 X 0 0 0 LAURA HORN 1.00 X 0 0 0 KENNETH B KAPLAN 1.00 X 0 0 0 DONALD F LAMBERTI 1.00 X 0 0 0 NORMAN NIELSEN 1.00 X 0 0 0 CORDELL PETERSON 1.00 X 0 0 0 BERNIE SAGGAU 1.00 X 0 0 0 DENNIS E YOUNG 1.00 X 0 0 0 QUENTIN WITTROCK 1.00 X 0 0 0 JOHN ASCHENBRENNER 1.00 X 0 0 0 TIMOTHY PIERCE 1.00 X 0 0 0 STEVEN RUSSELL 1.00 X 0 0 0 WENDY WAUGAMAN 1.00 X 0 0 0 JOHN COHELEY 40.00 X 110718 0 20111 KENNETH CONVERSE 40.00 X 128128 0 26101 DAVID EVANS 40.00 X 118902 0 28093 KEITH BETTS 40.00 X 117496 0 22538 ELIZABETH MERTEN 40.00 X 123263 0 25688 STANTON ULLERICH 40.00 X 106025 0 20866 897056 0 192564 7 0 1 0 EDUCATIONAL MARKETING GROUP 18690 E PLAZA DR STE 101 PARKER CO 80134 MARKETING 520406 WOOLVERTON 6717 CHANCELLOR DR CEDAR FALLS IA 50613 PRINTING 196950 BODHOLDT BROTHERS 1806 E RICHLAND STORM LAKE IA 50588 CONSTRUCTION 187476 KEPPLER ASSOCIATES 4350 N FAIRFAX DR STE 700 ARLINGTON VA 22203 SPEAKING AGENCY 145933 ACME PRINTING CO INC 66 WASHINGTON AVE DES MOINES IA 50314 PRINTING 122714 7 3281383 1309429 3281383 TUITION AND FEES 611600 39182402 39182402 SALES AND SERVICE AUXI 611710 5643863 5643863 SALES AND SERVICE EDUC 611710 1241406 1109687 131719 PARKING, COLLECTION OF 611710 82368 82368 46150039 1937537 1937537 28612387 6648 26689893 6316 1922494 332 1922826 1922826 CONFERENCE CENTER 721000 285639 285639 TACK ADVERTISING 511120 10320 10320 FITNESS CENTER 713940 5679 5679 -359762 -359762 -58124 53233661 46018320 -58124 3992082 11616131 11616131 982468 420846 399536 162086 17879433 14129410 3278357 471666 1198584 949170 206820 42594 2733422 2168143 470638 94641 1362268 1078793 235064 48411 274896 157230 117666 74298 74298 1730147 806177 802674 121296 327833 51906 223072 52855 1989535 1382363 510499 96673 238473 234518 3955 1482353 1256298 226055 898316 557221 302198 38897 2079 2004 75 316026 316026 4426808 4203052 205855 17901 66360 66360 MISC EXPENSES 2258388 2151254 70288 36846 FOOD SERVICE & ALLOWANC 2121420 2121420 MANDATORY TRANSFERS 1664029 1664029 SITE LOCATIONS 1358575 1358575 OVERHEAD -1538672 -1538672 53463170 46690926 5588378 1183866 3527738 3732179 771837 1101870 979059 1369988 313430 272395 127154277 73846922 56944837 53307355 80362387 91517997 6891434 7370321 3344412 3392684 1699746 1377440 154834880 163442229 2866354 3149410 2650152 2651300 1904057 2698977 19988921 16830000 45905 25281 3049332 4889313 30504721 30244281 X 70908767 75130333 28792446 31916640 24628946 26150975 124330159 133197948 154834880 163442229 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75196617 1951418 12219063 -1081113 -4036876 -634481 83614628 114729654 582554 -31951206 -1194310 -6625667 -344408 75196617 0.23000 0.77000 0 0 3152982 3152982 85742463 41723459 44019004 34105270 29946198 4159072 4153562 2177265 1976297 53307355 SPLIT INTEREST AGREEMENTS 4889313 4889313 53233661 53463170 -229509 8715452 22084 359762 9097298 8867789 50714828 8715452 22084 8737536 41977292 11256369 11256369 53233661 41847039 0 41847039 11616131 11616131 53463170 Part XI, Line 8 - Other Adjustments: TAX LOSS ON PARTNERSHIP INTEREST: 359762. PART V Q4: ENDOWMENT FUNDS ARE USED FOR BUILDINGS, SCHOLARSHIPS, PROGRAMS AND THE OPERATING BUDGET. FIN 48: 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. UPON THE ADOPTION OF FIN 48 AS OF JUNE 30, 2010 AND 2009, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XII Q4B: RECLASSIFY SCHOLARSHIPS AND FELLOWSHIP $11,616,131 TAX LOSS ON PARTNERSHIP INTERESTS $ (359,762) PART XIII Q4B: RECLASSIFY SCHOLARSHIPS AND FELLOWSHIP $11,616,131 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EAST ASIA AND THE PACIFIC INVESTMENTS EUROPE INVESTMENTS 0 0 0 1 SEOG CONTRIBUTION 59 101943 0 TUITION REMISSION 4 56568 0 CENTER GRANTS 28 16798 0 ENDOWED/RESTRICTED GIFTS 360 1097922 0 FALL SCHOLARSHIPS 961 5173174 0 SPRING SCHOLARSHIPS 881 4720691 0 ACADEMIC ASSISTANTSHIPS 110 86715 0 DOLLARS FOR SCHOLARS 19 1817 0 WORKSTUDY 432 262598 0 WORKSTUDY MAY-JUNE 260 37283 0 WORKSTUDY JULY-AUG 191 60622 0 Other Information: Part IV: 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 $117,456. DIVIDING $117,456 BY $2,000 YIELDS APPROXIMATELY 59 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 184797 0 0 0 7727 0 16050 0 33117 0 241691 0 0 0 KENNETH CONVERSE 126260 0 0 0 1868 0 11200 0 14901 0 154229 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 8128590 94058 8034532 2008 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 X 1 90000 SELLING PRICE X 717 COST X 100 COST X 11 1197030 FMV X CAR LEASE 2 15000 COST X GRAINING 1 1584 SELLING PRICE X KETTLE BELLS 1 321 COST X HOTEL ACCOMODATIONS 3 2841 COST 0 1 1 Third Party Use: Part I, Line 32b: PART 1 TYPES OF PROPERTY: OTHER CHECK IF APPLICABLE # CONTRIBUTIONS REVENUES METHOD GIFT CARDS X 2 750 COST STORAGE UNIT X 1 1,086 COST IN COLUMN(B), BUENA VISTA UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR THE PROPERTY LISTED. Q32A - BUENA VISTA UNIVERSITY USES STIFEL NICOLAUS IN STORM LAKE, IOWA TO PROCESS AND SELL ANY DONATED STOCK THAT IS RECEIVED BY THE UNIVERSITY. 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 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. FORM 990, PART XI, 2C AUDIT COMMITTEE RESPONSIBILITIES 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. FORM 990, PART XI, 3B AUDIT REQUIREMENTS 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 & PULLEN, LLC FOR 6-30-2010. FORM 990, PART VI, SECTION B, LINE 14 DOCUMENT RETENTION AND DESTRUCTION BUENA VISTA UNIVERSITY'S DOCUMENT RETENTION AND DESTRUCTION POLICY HAS BEEN WRITTEN AND IS IN THE FINAL STAGES OF BEING REVIEWED AND FINALIZED. SCHEDULE E, 3 RACIALLY NON-DISCRIMINATORY POLICY 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. SCHEDULE E, Q6 FINANCIAL ASSISTANCE RECEIVED BUENA VISTA UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM A GOVERNMENT AGENCY. BUENA VISTA UNIVERSITY RECEIVES FINACIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. SCHEDULE K, PART II, COLUMN A, LINE R ISSUANCE COSTS FROM PROCEEDS ISSUANCE COSTS - $85,903 CREDIT ENHANCEMENT FEE - $8,155 FORM 990, PART I, 6 VOLUNTEERS 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) 11D N/A MCELROY BUENA VISTA LOAN FUND 610 WEST 4TH STREET STORM LAKE IA 50588 421256053 LOAN FUND IA 501(C)(3) 11A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0