2011-05-11T11:31:35-05:00 2010-06-30 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 MICHAEL POSTER 5633336329 2011-04-29 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z SISTER JOAN LESCINSKI 518 WEST LOCUST STREET DAVENPORT IA 52803 92584981 0 X SAU.EDU X 1885 IA SEE SCHEDULE O FOR MISSION STATEMENT. 30 30 1943 100 353688 0 7540590 6556386 74116896 78442393 2772636 1824585 643492 607585 85073614 87430949 20829831 23196036 0 32226042 34671970 50239 49950 1695359 22388112 23285153 75494224 81203109 9579390 6227840 193415922 201633228 84883208 82233283 108532714 119399945 ST. AMBROSE UNIVERSITY IS AN INDEPENDENT, DIOCESAN, AND CATHOLIC INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 24310072 64547130 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF FOUR COLLEGES: ARTS AND SCIENCES, BUSINESS, EDUCATION AND HEALTH SCIENCES AND PROFESSIONAL STUDIES. THIRTEEN BACHELORS, NINETEEN MASTERS AND TWO DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 23196036 23196036 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 7340249 13895263 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 APPROXIMATE CAPACITY OF 1,500 STUDENTS. 9324630 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. 9324630 64170987 1 1 0 1 0 0 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 0 1 1 0 0 0 1 1 0 0 1 89 0 1 1943 1 1 1 0 0 0 0 1 1 0 0 0 30 30 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 SR JOAN LESCINSKI CSJ 40.00 X 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 JIM COLLINS 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 MSGR MIKE MORRISSEY 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 BISHOP MARTIN AMOS 1.00 X 0 0 0 JOHN ANDERSON 1.00 X 0 0 0 DR EDWARD LITTIG 40.00 X 149973 0 39987 DR JAMES LOFTUS 40.00 X 147748 0 24715 MICHAEL POSTER 40.00 X 131681 0 22029 DR PAUL KOCH 40.00 X 154649 0 23376 DR JOHN BYRNE 40.00 X 125112 0 25334 DR JOHN COLLIS 40.00 X 102627 0 20454 dr sandra cassady 40.00 X 115517 0 27909 DR LINDA BROWN 40.00 X 108348 0 7377 DR DAVID O'CONNELL 40.00 X 108500 0 20496 1144155 0 211677 16 0 1 0 ESTES COMPANY PO BOX 3608 DAVENPORT IA 52808 CONSTRUCTION 5439451 SGGM ARCHITECTS & INTERIOR 201 W 2ND ST STE 608 DAVENPORT IA 52801 ARCHITECTS 479548 THE NORTHERN TRUST COMPANY 801 S CANAL ST LETTERS OF CREDIT D CHICAGO IL 60603 INVESTMENT MANAGEMENT 452104 ZEHNO 757 ST CHARLES AVE STE 203 NEW ORLEANS LA 70130 ADVERTISING 327344 PER MAR SECURITY SERVICE PO BOX 1101 DAVENPORT IA 52805 SECURITY 264443 16 50877 64730 1059577 5381202 1086089 6556386 EDUCATION/GENERAL 611710 64547130 64547130 AUXILIARY ENTERPRISES 624410 13877247 13548940 328307 ACCRUED INTEREST 900003 18016 18016 78442393 2230236 2230236 109803 96883 12920 12920 7365 5555 1673895 1246641 1803238 1522949 -129343 -276308 -405651 -405651 169939 64730 59652 110287 110287 2155688 1671310 484378 484378 87430949 78096070 353688 2424805 23196036 23196036 953418 188657 575456 189305 28471730 24093002 3606170 772558 1316890 1142051 133227 41612 1816928 1175457 575239 66232 2113004 1672961 375484 64559 92495 92495 83436 83436 104845 104845 49950 49950 425206 425206 5580 5580 1035414 36708 928463 70243 1732887 1223375 387641 121871 518932 518932 1818852 154670 1664182 795727 683248 37634 74845 11940 7969 3971 2697883 2697883 3349524 1262340 2020194 66990 440041 6844 433197 food costs 3409630 3340075 2032 67523 EQUIP AND MAINTENANCE 2150475 519771 1623766 6938 PERIODICALS, BOOKS, BIN 486717 486717 CONTRACT SERVICES 421320 167318 207400 46602 PERKINS LOAN ADMINISTRA 403186 403186 3301063 2115905 1129027 56131 81203109 64170987 15336763 1695359 432312 -355710 32592182 19131310 5682376 3792882 1883009 1373022 1247051 1258778 292947 292892 283799 209762 122921913 34701302 78936518 88220611 57828114 73363278 11159151 11160431 2606551 2742637 471912 443335 193415922 201633228 8894582 9062651 779024 699484 57705000 56780000 4794234 866416 12710368 14824732 84883208 82233283 X 88465197 95416074 13064548 15894953 7002969 8088918 108532714 119399945 193415922 201633228 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 1 104845 0 0 104845 0 78478154 1229365 11928451 163497 1287077 140797 90044599 91842288 735807 -13535256 392173 22347 150165 78478154 0.85000 0.09000 0.06000 0 0 1847892 4784909 6632801 5155891 89701207 28159951 66697147 1817574 774599 1042975 9014608 5650958 3363650 10599832 115794 10484038 88220611 CASH VALUE OF LIFE INSURANCE 250065 F INVEST-PROFESSIONAL ARTS BLDG 233784 F ALTERNATIVE INVESTMENTS 10676582 F 11160431 ACCRUED LOSS - INTEREST RATE SWAP 9441279 US Government Grants - Perkins Loans 3144069 ANNUITIES PAYABLE 2239384 14824732 87430949 81203109 6227840 7019582 70441 -2450632 4639391 10867231 73575003 7019582 70441 965 7090988 66484015 20946934 20946934 87430949 62707772 4359007 4359007 58348765 22854344 22854344 81203109 Part V, Line 4: Description of Intended Use of Endowment Funds: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 THERESHOLD 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, 2010 AND 2009, 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 FISAL YEARS ENDED JUNE 30, 2006 AND PRIOR. Part XI, Line 8 - Other Adjustments: CHANGE IN NET INVESTMENT OF unconsolidated sub (Professional Arts Building): -179307. CHANGE IN VALUE OF TRUST RECEIVABLE: 965. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP: -2254274. BOOK/TAX DIFFERENCE - ACCRUED INTEREST INCOME: -18016. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF TRUST RECEIVABLE: 965. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES NETTED WITH REVENUE: -96884. INSTITUTIONAL GRANTS: 22854344. BOOKSTORE EXPENSES NETTED WITH REVENUE: -1671310. INVESTMENT SELLING EXPENSES: -60231. GAIN (LOSS) ON FIXED ASSETS: -276308. PAB INCOME: 179307. ACCRUED INTEREST ON PAB - BOOK/TAX DIFFERENCE: 18016. Part XIII, Line 2d - Other Adjustments: BOOKSTORE EXPENSES NETTED WITH REVENUE: 1671310. RENTAL EXPENSES NETTED WITH REVENUE: 96884. INVESTMENT SELLING EXPENSES: 60231. GAIN (LOSS) ON FIXED ASSETS: 276308. UNREALIZED LOSS ON INTEREST RATE SWAP: 2254274. Part XIII, Line 4b - Other Adjustments: INSTITUTIONAL GRANTS: 22854344. 1 1 1 THE RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE STATED IN ALL ADVERTISEMENTS AND UNIVERSITY MATERIALS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 FEDERALLY FUNDED PROGRAMS INCLUDE: FEDERAL PELL GRANT FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL PERKINS LOAN FEDERAL WORK-STUDY FEDERAL FAMILY EDUCATION LOANS: STAFFORD LOAN, PLUS LOAN FEDERAL DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN ACADEMIC COMPETITIVENESS GRANT NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT UPWARD BOUND NATIONAL WRITING PROJECTUS DEPARTMENT OF HEALTH AND HUMAN SERVICES: NURSE EDUCATION,PRACTICE AND RETENTION HEALTH CARE AND OTHER FACILITIESUS DEPARTMENT OF VETERANS AFFAIRS: ARRA-POST 9/11 VETERANS EDUCATIONAL ASSISTANCENATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES: ROBERT NOYCE SCHOLARSHIP STEP GRANT SCIENCE,TECHNOLOGY,ENGINEERING AND MATHEMATICS GRANTSTATE OF IOWA PROGRAMS INCLUDE: IOWA TUITION GRANT IOWA GRANT IOWA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IOWA OPPORTUNITY FOSTER CARE GRANT IOWA EDUCATION AND TRAINING VOUCHER GRANT 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 10693 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 13444 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 194648 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 6600 0 0 225385 X X X X X X 1 RUFFALOCODY OUTSOURCE OF PHONATHON 0 122404 49950 72454 122404 49950 72454 IA FL MN OR IL PA CA NV TX TN WINE FESTIVAL 172093 41930 130163 11688 254 13893 GOLF OUTING 32226 10200 22026 5843 9691 1 30350 12600 17750 5190 13093 234669 64730 169939 22721 254 36677 59652 110287 1 STUDENT SCHOLARSHIP 2469 18518496 ATHLETIC SCHOLARSHIP 697 2885310 TUITION - FACULTY AND STAFF 175 1792230 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 EDWARD LITTIG 138954 0 0 0 11019 0 25194 0 14793 0 189960 0 0 0 DR JAMES LOFTUS 134578 0 0 0 13170 0 9683 0 15032 0 172463 0 0 0 MICHAEL POSTER 123031 0 0 0 8650 0 8680 0 13349 0 153710 0 0 0 DR PAUL KOCH 140830 0 0 0 13819 0 9719 0 13657 0 178025 0 0 0 DR JOHN BYRNE 125112 0 0 0 0 0 8981 0 16353 0 150446 0 0 0 Part I, Line 4a DR. EDWARD LITTIG - $15,173 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 AFFAIRS) RECEIVED SOCIAL CLUB DUES OF $8,244, $8,244, $2,248 AND $12,942 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 AFFAIRS) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $2,775, $4,926, $6,402 AND $877 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 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460D52 2008-04-01 20000000 REFINANCE DEBT & CONSTRUCTION PROJECTS 0 0 37606025 361836 16444095 2007 1 0 1 1 19900000 233921 7413688 2009 0 0 1 1 0 1 0 0 0 0.00000 0.02000 0.02000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 1 1 0 0 0 0 IRENE LOFTUS SPOUSE OF JAMES LOFTUS, VP 20751 CONSULTING SERVICES 0 X 2 425 SELLING PRICE X 5000 SELLING PRICE X 3500 SELLING PRICE X 337404 AVE FMV ON DATE OF GIFT X EQUIPMENT & FURNITURE 13 26614 COST/SELLING PRICE X SUPPORT/SET UP OF WEB PORTAL 3 639543 GRANT X BUILDING CONSTRUCTION & PARKING LOT 2 37694 COST X MISCELLANEOUS 28 35909 COST 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): THE QUANTITIES REPORTED REPRESENT THE NUMBER OF CONTRIBUTORS. Third Party Use: Part I, Line 32b: THIRD PARTY BROKERS ARE USED TO LIQUIDATE THE CONTRIBUTIONS OF STOCK OR OTHER INVESTMENTS. Form 990, Part VI, Section A, line 1 THE EXECUTIVE COMMITEE SHALL CONSIST OF THE 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 - 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 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. Form 990, Part VI, Section A, line 4 THE FOLLOWING AMENDMENTS WERE MADE TO THE RESTATED ARTICLES OF INCORPORATION: 1. THE TERMS "TRUSTEE(S)" AND "CHAIR OF THE BOARD" AND "VICE CHAIR OF THE BOARD" WILL REPLACE "DIRECTORS" AND "PRESIDENT OF THE BOARD" AND "VICE PRESIDENT OF THE BOARD". 2. ADDITION OF TWO VICE CHAIRS WHO SHALL BE LAY MEMBERS OF THE BOARD OF TRUSTEES. 3. THE PRESIDENT OF THE UNIVERSITY SHALL SERVE AS SECRETARY/TREASURER OF THE BOARD. THE CHIEF FINANCIAL OFFICER OF THE UNIVERSITY WILL SERVE AS ASSISTANT SECRETARY/TREASURER. SUMMARY OF CHANGES BY ARTICLE: ARTICLE III REVISED LANGUAGE REGARDING THE PURPOSE OF THE CORPORATION. EXPANDED LANGUAGE ON SERVING STUDENTS REGARDLESS OF AGE, COLOR, DISABILITY, MARITAL STATUS, NATIONAL ORIGIN, RACE, RELIGION, VETERAN STATUS, SEX, SEXUAL ORIENTATION OR GENDER IDENTITY. ARTICLE VI UPDATED INFORMATION ON THE UNIVERSITY'S REGISTERED OFFICE AND AGENT(S). ARTICLE VIII CHANGE IN OFFICERS OF THE CORPORATION AS NOTED ABOVE. 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. FORM 990, PAGE 12, 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. FORM 990, PAGE 7 , PART VII, SECTION A OFFICER COMPENSATION FOR SISTER JOAN LESCINSKI 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. SCHEDULE R, PART V, LINE 2 A - ACCRUED INTEREST ON NOTE PAYABLE 6/30/10 BALANCE IS $153,138 INCLUDING CURRENT YEAR ACCRUAL OF $18,016 INTEREST IS ACCRUED AT 4.5% ON THE NOTE PAYABLE BALANCE OF $400,360 D - NOTE PAYABLE 6/30/10 BALANCE IS $400,360; NO CHANGE FROM PREVIOUS YEARS P - ACCOUNTS PAYABLE 6/30/10 BALANCE IS $342,649 INCLUDING CURRENT YEAR ACCRUAL OF $99,494 ($68,267 IN QUARTERLY EXPENSES OWED TO SAU AND $31,228 PROVIDED BY SAU TO PAY PROPERTY TAXES AND OTHER INVOICES) QUARTERLY EXPENSES INCLUDE SECURITY, CUSTODIAL, MAINTENANCE AND ADMINISTRATIVE COSTS. FORM 990, PAGE 1, LINE 1 MISSION STATEMENT 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. FORM 990, PAGE 1, LINE 6 VOLUNTEER ACTIVITIES 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. PROFESSIONAL ARTS BUILDING LTD 1820 BRADY STREET DAVENPORT IA 52803 420869607 RENTAL SPACE/REAL ESTATE IA N/A C -179307 1177186 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 PROFESSIONAL ARTS BUILDING A 18016 PROFESSIONAL ARTS BUILDING D 400360 PROFESSIONAL ARTS BUILDING P 99494