2011-11-14T12:11:16-06:00 2011-06-30 RSM MCGLADREY INC 400 LOCUST ST STE 640 DES MOINES IA 503092354 990 2010-07-01 420730347 DES MOINES UNIVERSITY - OSTEOPATHIC MEDICAL CENTER DESM 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 MARK J PEIFFER 5152711585 2011-11-10 1 KAY HEGARTY 5155586600 2010 2016-02-24 21:20:13Z DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 3200 GRAND AVENUE DES MOINES IA 503124198 88831542 0 X WWW.DMU.EDU X 1898 IA THE UNIVERSITY WILL DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE, AND SERVICE TO THE COMMUNITY. 23 20 1267 535 4356 3169 2406561 2250271 49893166 51484051 2101549 42465 2037269 1591562 56438545 55368349 3306679 3550759 0 0 31377750 32771974 11724 0 932323 20162739 18513595 54858892 54836328 1579653 532021 140208198 156475079 50646453 48551623 89561745 107923456 X THE UNIVERSITY WILL DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE, AND SERVICE TO THE COMMUNITY. 0 0 41148026 3403565 52972842 THE UNIVERSITY PROVIDES TO AN ENROLLMENT OF 1,787 STUDENTS THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY, AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING. THE CLINICAL TRAINING PROVIDED AT THE UNIVERSITY'S CLINIC IS CONDUCTED BY A MULTI-SPECIALTY FACULTY GROUP OF 26 PHYSICIANS AND MID-LEVEL PROVIDERS REPRESENTING 5 SPECIALTIES WHO SERVE MORE THAN 43,000 PATIENTS. THE UNIVERSITY SERVES AS A LOCAL, STATE AND NATIONAL RESOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. 41148026 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 2345 0 1 1267 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELIZABETH A BROSNAHAN 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 X DALE F ANDRES DO 2.00 X 0 0 0 ARTHUR E ANGOVE DO 2.00 X 0 0 0 BARRY BRAVER DO 2.00 X 0 0 0 GILBERT S BUCHOLZ DO 2.00 X 0 0 0 JAY CHRISTENSEN MHA 6.00 X 36300 0 0 BERNARD M FELDMAN DO 2.00 X 0 0 0 JON D GARNAAS 2.00 X 0 0 0 W STEVENSON GLANTON ESQ 2.00 X 0 0 0 H DEAN HANNAM 2.00 X 0 0 0 BRIAN G HART 2.00 X 0 0 0 W HAL HATCHETT DPM 2.00 X 0 0 0 ROBERT M KREAMER DO 2.00 X 0 0 0 ANIL SAHAI DO 2.00 X 0 0 0 JACQUELINE M STOKEN DO 2.00 X 400 0 0 DAVID H VELLINGA 2.00 X 0 0 0 SAMUEL T WALLACE 2.00 X 0 0 0 PATRICIA YUNGCLAS 2.00 X 0 0 0 JAMES A GREKIN DO 2.00 X X 0 0 0 LARRY J BAKER DO 2.00 X X 0 0 0 C ARTHUR WITTMACK 2.00 X X 0 0 0 STEPHEN M MORAIN ESQ 2.00 X X 0 0 0 RICHARD M KOTZ DO 2.00 X X 0 0 0 MAX T MCKINNEY DO 2.00 X X 0 0 0 ANGELA L WALKER FRANKLIN PHD 40.00 X 0 0 0 KAREN MCLEAN PHD 40.00 X 213259 0 29769 MARK J PEIFFER 40.00 X 210080 0 16500 STEPHEN S DENGLE 40.00 X 342950 0 29769 SUSAN HUPPERT 40.00 X 131699 0 17354 MARY ANN ZUG 40.00 X 156990 0 24615 KENDALL REED DO 40.00 X 412313 0 21502 GEORGE CLAVENNA DO 40.00 X 328184 0 25666 GEORGE B KLOCK DO 40.00 X 275255 0 25121 YOGESH SHAH MD 40.00 X 238716 0 17045 VICTOR KAYLARIAN DO 40.00 X 237250 0 21956 ROBERTA A WATTLEWORTH DO 40.00 X 235892 0 29769 WILLIAM APPELGATE 40.00 X 108405 0 12785 2927693 0 271851 65 1 1 0 WEITZ COMPANY LLC 5901 THORNTON AVE DES MOINES IA 50321 CONSTRUCTION 799777 ENCORE ONE LLC 1717 UNIVERSITY AVENUE WEST ST PAUL MN 55104 CLEANING SERVICE 430752 IOWA PHYSICIANS MED FOUNDATION 1212 PLEASANT ST DES MOINES IA 50309 BILLING SERV & EDUCATION 399147 ARAMARK 825 SW IRVINEDALE DR ANKENY IA 50023 FOOD SERVICE 395024 MERCY CLINICS 1111 6TH AVENUE DES MOINES IA 50314 EDUCATION 291275 16 290454 1046569 913248 20127 2250271 TUITION & FEES 611710 47150651 47150651 PATIENT CARE 621110 4305900 4305900 RESEARCH SERVICES 541700 27500 27500 51484051 2638006 -828 2638834 76842 5184 13322 63520 5184 68704 5184 63520 30809664 7750 33409728 3227 -2600064 4523 -2595541 -2595541 40690 290454 36916 3774 3774 SAL SCHOLARSHIP ALLOWA 611710 996000 996000 LEASED EMPLOYEES 541900 195928 195928 CONFERENCE INCOME 900099 78027 78027 249129 218836 30293 1519084 55368349 52972842 4356 140880 147194 147194 3403565 3403565 1760674 644513 967173 148988 24522530 19502297 4623708 396525 1677749 1351022 297440 29287 3083676 2141510 889642 52524 1727345 1298286 391490 37569 94544 94544 85575 85575 133242 133242 257768 257768 1836626 1159389 677237 377378 740 376638 1825863 1196561 564030 65272 1935731 747375 1188356 1617904 1298454 319450 647371 404170 202030 41171 170528 80274 90254 1299260 1035680 263580 2672355 2048915 623440 523226 177825 345401 AFFIL. CLINICAL PROGRAM 1516411 1516411 LIBRARY BOOKS & SUBSCRI 1191438 1191438 STUDENT EVENTS/ACTIVITI 441440 441440 STUDENT RECRUITMENT 268534 268534 DUES AND MEMBERSHIPS 252559 181065 68954 2540 1365842 778126 519523 68193 54836328 41148026 12755979 932323 1475 1475 4005937 4998287 1367956 930406 1021931 871039 5817899 5369030 507823 620382 73035386 31491236 42177110 41544150 64080471 77569652 16882422 19833820 4345174 4736838 140208198 156475079 5096771 3665451 5538353 5579607 3528461 3839050 31945000 31145000 832889 1288712 3704979 3033803 50646453 48551623 X 77135796 94724585 5255763 5485030 7170186 7713841 89561745 107923456 140208198 156475079 X 532021 17829690 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 150901 0 0 150901 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE UNIVERSITY HAS UTILIZED LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT. SUCH COUNSEL HAS PROVIDED GUIDANCE ON THE STATUS OF APPROPRIATIONS FOR EXISTING STATE OF IOWA LEGISLATION WHICH PROVIDES FINANCIAL SUPPORT TO UNIVERSITY STUDENTS. IN ADDITION, COUNSEL HAS BEEN PROVIDED ON PROPOSED LEGISLATION WHICH WOULD EXPAND SUCH FINANCIAL SUPPORT FOR STUDENTS. LOBBYISTS HAVE ALSO PROVIDED COUNSEL TO THE UNIVERSITY IN ITS WORK WITH CONGRESS AND THE FEDERAL GOVERNMENT. SUCH COUNSEL HAS PROVIDED GUIDANCE ON SOURCES OF POTENTIAL FUNDING FOR RESEARCH, COMMUNITY DEVELOPMENT, AND PUBLIC HEALTH EDUCATION FOR PHYSICIANS, THE UNIVERSITY, AND COMMUNITIES THROUGHOUT THE STATE OF IOWA. 0 1 51279039 1057014 17175936 1020001 4238320 257767 63995901 41826731 828875 12922964 681680 3395168 222683 51279039 67373883 717863 -21510241 603236 3945884 205654 41826731 0.79000 0.12000 0.09000 1 0 3395216 3395216 58223375 23886987 34336388 9375860 6104405 3271455 2040935 1499844 541091 41544150 200000 F SEI OFFSHORE OPPORTUNITY 12001127 F SEI STRUCTURED CREDIT 4510653 F SEI GLOBAL PRIVATE EQUITY 1559556 F SEI SPECIAL SITUATIONS 1562484 F 19833820 INTEREST RATE SWAP LIABILITY 3033803 3033803 55368349 54836328 532021 17158513 671177 17829690 18361711 69852532 17158513 7820 -2732388 14433945 55418587 -50238 -50238 55368349 51490821 7820 50238 58058 51432763 3403565 3403565 54836328 PART IV, LINE 2B: STUDENTS WHO PREPAY TUITION FOR THE ENTIRE LENGTH OF THE PROGRAM LOCK IN THE TUITION RATE WITH NO INCREASES. FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $818,309. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $469,403. RENT DEPOSITS HELD IN CUSTODY TOTAL $1,000. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS, ESTABLISH RESEARCH FUNDS FOR FACULTY, AND SUPPORT PROGRAMS AND FACILITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE IRS STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE UNIVERSITY FILES A FORM 990 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 THE UNIVERSITIES INCLUDE SUCH MATTERS AS THE TAX-EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON THE FORM 990-T, AS APPROPRIATE. THE BENEFIT OF TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. 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. AS OF JUNE 30, 2011 AND 2010, 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 IRS UP TO 3 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 THE FISCAL YEARS ENDED JUNE 30, 2007 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON BOND INTEREST RATE SWAP 671,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON BOND INTEREST RATE SWAP 671,177. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDIT F/S -3,403,565. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -13,322. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -36,916. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED FINANCIAL STATEMENTS 13,322. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED FINANCIAL STATEMENTS 36,916. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDIT F/S 3,403,565. 1 1 0 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 THE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DURING REGISTRATION BECAUSE PARAGRAPH 4.03-2(B) OF REV. PROC. 75-50 APPLIES. THE NONDISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED ADMISSIONS PUBLICATIONS. DATA IS AVAILABLE UPON REQUEST. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE RECEIVED INCLUDES AMOUNTS FROM THE US DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES. US DEPARTMENT OF EDUCATION PROGRAMS PROVIDING FUNDS INCLUDE THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM AND THE FEDERAL PERKINS LOAN PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 13563611 0 0 0 13563611 0 13563611 0 0 0 0 0 0 SCHOL DINNER 243594 213749 29845 25175 GOLF EVENT 65548 59023 6525 7673 1 22002 17682 4320 4068 331144 290454 40690 36916 36916 3774 1 HEALTH EDUCATION AND RESIDENCY TRAINING 3200 GRAND AVENUE DES MOINES IA 50312 272911834 501(C)(3) 147194 ASSIST ORGANIZATION IN FORMATION AND INITIAL YEAR OPERATIONS 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 349 3403565 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY ATTEMPTS TO MAKE ADEQUATE FINANCIAL ASSISTANCE AVAILABLE TO STUDENTS WITHIN THE LIMITS OF EACH STUDENT BUDGET AND THE AVAILABILITY OF FUNDS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL PROMISE, LEADERSHIP POTENTIAL, FINANCIAL NEED AND/OR SPECIFIC GUIDELINES ESTABLISHED BY DONORS. FINANCIAL NEED IS DETERMINED ON THE BASIS OF INFORMATION PROVIDED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THE UNIVERSITY ALSO ASSISTED BY SUPPORTING THE INITIAL YEAR OF OPERATIONS FOR THE HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK, A CHARITABLE ORGANIZATION FORMED TO PROMOTE AND SUPPORT COLLABORATION OF MEMBER MEDICAL AND EDUCATION INSTITUTIONS IN EDUCATION AND TRAINING FOR MEDICAL STUDENTS. X 0 1 X X X X 0 0 0 1 0 0 0 0 0 KAREN MCLEAN PHD 211748 0 250 0 1261 0 16500 0 13269 0 243028 0 0 0 MARK J PEIFFER 204830 0 5250 0 0 0 16500 0 0 0 226580 0 0 0 STEPHEN S DENGLE 340553 0 250 0 2147 0 16500 0 13269 0 372719 0 0 0 MARY ANN ZUG 152839 0 2510 0 1641 0 15571 0 9044 0 181605 0 0 0 KENDALL REED DO 410076 0 10 0 2227 0 16500 0 5002 0 433815 0 0 0 GEORGE CLAVENNA DO 325707 0 250 0 2227 0 16500 0 9166 0 353850 0 0 0 GEORGE B KLOCK DO 231084 0 2505 0 41666 0 16500 0 8621 0 300376 0 0 0 YOGESH SHAH MD 230500 0 5005 0 3211 0 16500 0 545 0 255761 0 0 0 VICTOR KAYLARIAN DO 230956 0 1505 0 4789 0 16500 0 5456 0 259206 0 0 0 ROBERTA A WATTLEWORTH DO 235777 0 10 0 105 0 16500 0 13269 0 265661 0 0 0 WILLIAM APPELGATE 90473 0 0 0 17932 0 8250 0 4535 0 121190 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. PART I, LINE 1B MONTHLY INVOICES ARE REVIEWED BY THE CFO FOR BUSINESS PURPOSES. ANY PERSONAL ITEM IS REQUIRED TO BE PAID TO THE CLUB ON THE DATE OF THE TRANSACTION. PART I, LINE 5 ADDITIONAL COMPENSATION FOR CLINICAL FACULTY IS CALCULATED USING A PERCENTAGE OF NET CLINICAL REVENUE GENERATED DIRECTLY BY THE FACULTY MEMBER. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460RF5 2003-06-25 22700000 CONSTRUCT AND FURNISH EDUCATION CENTER 0 0 0 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460SL1 2004-06-02 13785000 REFUNDED PRIOR ISSUE (05/10/95) 0 0 0 2130000 23083276 241704 83035 22058537 700000 2005 0 0 1 1 3210000 13785000 156560 24692 224550 13379198 2004 0 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 1 0 0 1 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. MERCY MEDICAL CENTER-DES MOINES SEE SCH L, PART V 230122 SEE PART V 0 0 0 WELLMARK HEALTH PLAN OF IOWA SEE SCH L, PART V 2894869 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: MERCY MEDICAL CENTER-DES MOINES(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DALE F. ANDRES, TRUSTEE, IS CMO OF MERCY MEDICAL CENTER-DES MOINES. DAVID H. VELLINGA, TRUSTEE, IS PRESIDENT & CEO OF MERCY MEDICAL CENTER-DES MOINES. (C) DESCRIPTION OF TRANSACTION: THE UNIVERSITY CONTRACTS WITH MERCY MEDICAL CENTER-DES MOINES FOR CLINICAL ROTATION AND PATHOLOGY CURRICULUM. (A) NAME OF PERSON: WELLMARK HEALTH PLAN OF IOWA(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: KENDALL REED, DO, KEY EMPLOYEE, IS A TRUSTEE WITH WELLMARK HEALTH PLAN OF IOWA. (C) THE UNIVERSITY PROVIDES HEALTH INSURANCE TO EMPLOYEES AND STUDENTS THROUGH WELLMARK. FORM 990, PART VI, SECTION B, LINE 11 BEFORE FORM 990 IS FILED, AN ELECTRONIC COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS ON THE BOARD OF TRUSTEES' PORTAL. THE FINANCE COMMITTEE VOTES TO APPROVE FILING OF THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL PERSONS IN GOVERNANCE AND MANAGEMENT POSITIONS WITH THE UNIVERSITY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. FOR MEMBERS OF THE BOARD, THE CHAIRPERSON OF THE BOARD REVIEWS THE DISCLOSURE STATEMENTS AND IMPLEMENTS THE POLICY. FOR MANAGEMENT PERSONNEL, THE DISCLOSURE STATEMENTS ARE ANNUALLY REVIEWED BY UNIVERSITY COUNSEL WHO IMPLEMENTS THE POLICY WITH THE PRESIDENT. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE FINANCE COMMITTEE OF THE BOARD. A CONFLICT OF INTEREST EXISTS (1) WHEN AN INDIVIDUAL OBTAINS OR APPEARS TO OBTAIN AN IMPROPER GAIN OR ADVANTAGE AS A RESULT OF HIS/HER ACTIVITIES ON BEHALF OF THE UNIVERSITY, (2) WHEN HIS/HER ACTIVITIES ADVANCE OR APPEAR TO ADVANCE HIS/HER OWN INTERESTS OR THOSE OF ANOTHER RATHER THAN THE INTERESTS OF THE UNIVERSITY, OR (3) WHEN HIS/HER ACTIONS ADVERSELY AFFECT OR APPEAR TO ADVERSELY AFFECT THE BEST INTERESTS OF THE UNIVERSITY. INDIVIDUALS SHALL NOT PARTICIPATE IN DISCUSSIONS, VOTES, OR OTHER REPRESENTATIONS ON PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A METHOD AND PROCESS WHICH INCLUDES GATHERING COMPARATIVE DATA FROM EXTERNAL SOURCES FOR RATING POSITIONS AND DETERMINING COMPENSATION. IN INSTANCES WHERE SUFFICIENT COMPARATIVE DATA IS NOT AVAILABLE, THE ORGANIZATION UTILIZES MEMBERSHIP IN AN EMPLOYER'S ASSOCIATION WHICH PROVIDES HUMAN RESOURCES SERVICES IN SEVERAL AREAS INCLUDING HR CONSULTING, COMPENSATION, AND COMPLIANCE. THE EXECUTIVE COMMITTEE REVIEWS SALARIES AND RANGES OF OFFICERS AND KEY EMPLOYEES IN MAY FOR SALARIES EFFECTIVE THE FOLLOWING JULY 1ST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. PART VII: ANGELA L WALKER FRANKLIN, PHD BEGAN SERVING AS UNIVERSITY PRESIDENT AND CEO EFFECTIVE MARCH 1, 2011. AS A RESULT, NO COMPENSATION WAS PAID TO DR. FRANKLIN DURING CALENDAR YEAR 2010 AND NO COMPENSATION IS REPORTABLE ON EITHER FORM 990, PART VII OR SCHEDULE J. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 17,158,513. UNREALIZED GAIN ON BOND INTEREST RATE SWAP 671,177. TOTAL TO FORM 990, PART XI, LINE 5: 17,829,690. COMMITTEE ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT: FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VOLUNTEERS FORM 990, PART I, LINE 6 VOLUNTEERS ARE MADE UP OF BOARD MEMBERS, GUEST CLASSROOM LECTURERS, PRECEPTORS FOR CLINICAL ROTATION AND STUDENT VOLUNTEERS. HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 EDUCATION AND TRAINING FOR MEDICAL STUDENTS IA 501(C)(3) LINE 11A, I DES MOINES UNIVERSITY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK B 147194 GAAP