2011-04-13T15:08:36-05:00 2010-05-31 BAKER TILLY VIRCHOW KRAUSE LLP 115 South 84th Street Suite 400 Milwaukee WI 53214 990 2009-06-01 420680351 Wartburg College WART 3193528276 100 Wartburg Blvd Waverly IA 50677 Gary S Grace 3193528276 2011-04-12 1 Troy E Marine CPA 4147775500 2011-04-12 2009 2016-02-24 21:20:13Z Darrel D Colson 100 Wartburg Blvd Waverly IA 50677 84545307 0 X WWW.WARTBURG.EDU X 1852 IA UNDERGRADUATE HIGHER EDUCATION THAT CHALLENGES AND NURTURES STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. 26 25 2087 500 215270 0 6363377 4143943 59142748 61857708 -10428125 3357026 2119603 2659946 57197603 72018623 20974822 22696017 0 25787419 25514295 0 1496422 24397744 24446993 71159985 72657305 -13962382 -638682 171986716 173940698 97483412 97193658 74503304 76747040 Undergraduate higher education that challenges and nurtures students for lives of leadership and service as a spirited expression of their faith and learning. 0 0 39498260 22696017 47405655 Instruction of students enrolled and the related academic support; 1,766 and 1,688 full-time equivalent students enrolled for the fall 2009 and winter 2010 terms respectively. 8337572 0 14267891 Auxiliary enterprises supports students living and eating on campus as well as providing books. There were 1,406 and 1,336 students living on campus for the 2009 fall and 2010 winter terms respectively. 10720196 0 2547364 All other program related services 58556028 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 1 2403 0 1 2087 1 1 1 0 0 0 0 0 0 0 0 26 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X RICHARD SEGGERMAN 3193528215 100 WARTBURG BLVD WAVERLY IA 506772215 BISHOP STEVEN ULLESTAD 0.10 X 0 0 0 DOROTHY BOWEN 0.10 X 0 0 0 DR ARTHUR KING 0.10 X 0 0 0 DR GIL WESSEL 0.10 X 0 0 0 DR HANS-PETER BRODHUN 0.10 X 0 0 0 DR MARILYN FLACHMAN 0.10 X 0 0 0 DR ROSS CHRISTENSEN 0.10 X 0 0 0 FRED HAGEMANN 0.10 X 0 0 0 GARY HOOVER 0.10 X 0 0 0 GUNTER SCHUCHARDT 0.10 X 0 0 0 JACK SALZWEDEL 0.10 X 0 0 0 JIM LOVERIDGE 0.10 X 0 0 0 JOANN KILGUS 0.10 X 0 0 0 JON VOLKERT 0.10 X 0 0 0 LIZ MATHIS 0.10 X 0 0 0 LOIS O'ROURKE 0.10 X 0 0 0 MARK BALDWIN 0.10 X 0 0 0 MICHAEL MCCOY 0.10 X 0 0 0 RACHEL RIENSCHE 0.10 X 0 0 0 RACHELLE JOHNSON 0.10 X 0 0 0 RAY MCCASKEY 0.10 X 0 0 0 ROBERT SEVERSON 0.10 X 0 0 0 RUTH BAHE-JACHNA 0.10 X 0 0 0 WILLIAM HAMM 40.00 X X 112614 0 11711 Shon Cook 0.10 X 0 0 0 Sherman Hicks 0.10 X 0 0 0 Darrel Colson 40.00 X X 113712 0 12924 DEBORAH L LOERS 40.00 X 107396 0 26635 EDITH WALDSTEIN 40.00 X 123424 0 21392 FEROL J MENZEL 40.00 X 135660 0 15193 GARY GRACE 40.00 X 121073 0 24475 RICHARD SEGGERMAN 40.00 X 80652 0 23748 Scott Leisinger 40.00 X 117633 0 22264 912164 0 158342 7 0 1 0 ME & V 6711 CHANCELLOR DRIVE CEDAR FALLS IA 50613 MARKETING CONSULTANTS 232220 Waverly Health Center 312 9th St SW Waverly IA 50677 Health Services 204917 FBG Service Corporation 407 S 27th Ave PO Box 2715 Omaha NE 68103 Cleaning Serivce 177753 RuffaloCODY 221 3rd Avenue SE Suite 10 Cedar Rapids IA 524063018 Management Consultant 172894 Hawkeye StagesMarshall Coaches Inc 703 Dudley Street Decorah IA 52101 Bus Charter 150167 7 555233 3588710 409134 4143943 TUITION & FEES 900099 47405655 47405655 Auxiliary Enterprises 541900 14452053 14281125 170928 61857708 614648 614648 296943 296943 146412 48020 98392 98392 98392 14424661 499438 12125845 352819 2298816 146619 2445435 2445435 Other Program related 541900 2309525 2155515 154010 Student center income 561439 37467 37467 Copy center income 561439 6875 6875 207687 207687 2561554 72018623 64049982 215270 3609428 22696017 22696017 1063013 281514 591887 189612 18321325 16329924 1407846 583555 923261 817602 70945 34714 3922378 3465289 301403 155686 1284318 1132186 98690 53442 12674 12674 136464 136464 428928 235122 32960 160846 242368 223444 18624 300 1560615 1329036 119921 111658 828941 497365 331576 1979205 1827119 152086 1362849 1094771 104724 163354 19808 18286 1522 4708267 4708267 4216479 4216479 548072 505957 42115 Food Purchases & Bookst 3001780 3001780 Campus Groups & May Ter 2060281 2060281 All Other Expenses 1051172 952589 80774 17809 Service Agreements 1008367 928129 77485 2753 Repairs and Maintenance 704313 649844 54121 348 576410 509773 44292 22345 72657305 58556028 12604855 1496422 5046665 5587113 4700000 3300000 869184 1084827 3276749 3228871 246658 276641 519503 393122 139138555 35445202 106759184 103693353 28007895 32703392 19209034 20562482 3351844 3110897 171986716 173940698 5017717 5010108 2907217 2939852 33357 49584 85070152 84740800 4454969 4453314 97483412 97193658 X 33879816 35497940 8826930 8790834 31796558 32458266 74503304 76747040 171986716 173940698 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 43872 0 0 0 43872 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: 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. 50700 X X 0 36575945 693726 4798095 647681 1237196 40182889 50105268 4626170 -16233325 650680 1271488 36575945 0.24000 0.76000 0.00000 0 0 16300 3615780 3632080 115388825 24122606 91266219 10892336 7453148 3439188 9225314 3869448 5355866 103693353 CSV - Life Insurance 2038072 F Other 325450 F Commingled Trust Funds 7919896 F Fund of Hedge Funds 4022953 F Guaranteed Investment Contracts 6256111 F 20562482 Student Deposits 850117 ANNUITIES PAYABLE 2980542 DEPOSITS HELD IN CUSTODY 154655 ASSET RETIREMENT OBLIGATION 468000 4453314 72018623 72657305 -638682 2882418 2882418 2243736 52048899 2882418 -22696017 -19813599 71862498 156125 156125 72018623 49805163 -156125 -156125 49961288 22696017 22696017 72657305 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: Description of Intended Use of Endowment Funds: The college's endowment funds are used to support the educational and other support services provided to the student body. Part XII, Line 2d - Other Adjustments: Financial Aid Part XIII, Line 4b - Other Adjustments: Financial aid Schedule D, Part XII, Line 4b - Actuarial adjustments - (gain) loss $(57,526); Loss (gain) on disposal of plant assets $(146,619); Rental Expenses $48,000 Schedule D, Part XIII, Line 2d - Actuarial adjustments - gain) loss - $(57,526); (Gain) loss on disposal of plant assets $(146,619); Rental Expenses $48,000 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 East Asia & Pacific Program Service Academic Support, Instruction, Public Service and Student Services 11404 Europe (Including Iceland and Greenland) Program Services Academic Support, Instruction, Public Service and Student Services 85684 North America (Including Canada and Mexico but not the United States) Program Service Instruction, Public Service and Student Services 25628 South America Program Services Instruction 23580 Sub-Saharan Africa Program Service Instruction and Student Services 70448 0 0 216744 1 INSTITUTIONAL SCHOLARSHIPS AND GRANTS 1677 942642 21578567 Tuition Discounting See part IV 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. 364 174808 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. Other Information: Part IV: (F) Institutional Scholarships and grants are used as a direct reduction of the tuition that each full-time student is required to pay. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FEROL J MENZEL 132419 0 0 0 3241 0 9826 0 5367 0 150853 0 0 0 Iowa Higher Education Loan Authority 421235696 462460VZ6 2005-12-29 49918166 See Schedule O 0 0 Iowa Higher Education Loan Authority 421235696 462460VY9 2005-12-29 36706381 See Schedule O 0 0 47068807 3213300 42862620 992887 0 1 0 1 38673214 3089266 734128 34849820 2008 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Royal Bank of Canada 5.000000000000 1 0 0 0 0 0 1 Royal Bank of Canada 5.000000000000 1 0 0 Disclosure Subject to FERPA Laws Tuition Remission ME & V Liz Mathis, Regent, has a family member with an ownership interest in ME&V 232531 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 for Enrollment Management 94820 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 X 16 326849 Avg Hi/Low on date of gi X 1 81365 Appraisal X Harvested Crops 1 920 Avg Hi/Low on date of gift 0 1 0 Form 990, Part VI, Section A, line 4 Articles of Incorporation - Term limits for Board of Regent members was changed from four consecutive three-year terms to unlimited. Bylaws - Term limits of Board of Regent Elected Officers was changed from two consecutive two-year terms to unlimited. Maximum number of Board members was increased to 35. Added conflict of interest bylaw that requires disclosure, board review, and approval of any proposed contract or transaction between the college and a regent or an organization related to a regent. 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. Form 990, Part VI, Section B, line 12c 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 15a 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 C, line 19 The governing documents, conflict of interest policy, and financial statements are not made available to the public. Schedule K Supplental Information Bond number 1, description of purpose the series A bond proceeds were used to advance refund or defease the Series 2002 bonds. The proceeds of the Series 2002 bonds were used to finance the costs of constructing, improving and equipping renovations of and additions to the Student Center, Science Center, and various other campus buildings, facilities, and improvements, and for the purpose of currently refunding and refinancing various outstanding indebtedness. Bond number 2, description of purpose the 2005 series B bond proceeds were used to finance the cost of acquiring, construction, improving, and equipping the Wellness Center, to pay capitalized interest during construction of the the Wellness Center, and to fund the series B debt service reserve fund. McElroy - Wartburg Loan Fund 100 Wartburg Blvd Waverly IA 50677 421237616 Provide Student Loans for Post Secondary Education IA 501(c)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 McElroy - Wartburg Loan Fund R 321694