2024-02-27T08:51:06-06:00 2023-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-07-01 420680404 BUENA VISTA UNIVERSITY % SUZETTE RADKE BUEN 7127492044 610 WEST 4TH STREET STORM LAKE IA 505881798 SUZETTE RADKE VP FOR FINANCE & ADM 7127492044 2024-05-15 true SUZETTE RADKE 999009999 April Arnold P01559426 8162216300 2024-05-15 2 2022 2023-04-26 12:10:37Z SUZETTE RADKE 610 WEST 4TH STREET STORM LAKE IA 505881798 55457948 false X WWW.BVU.EDU X 1891 IA WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAl ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. 20 18 1025 135 -193702 0 7395858 6034764 47602910 48291896 138349 139285 570488 992003 55707605 55457948 18159370 19292214 0 0 20722288 22122538 0 0 1593684 21626041 20239864 60507699 61654616 -4800094 -6196668 222941259 243292340 29594145 49909488 193347114 193382852 WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. false false 36679142 19292214 42317930 INSTRUCTION OF APPROXIMATELY 1,365 STUDENTS INCLUDING ACADEMIC SUPPORT AND OPERATING LIBRARY AND TECHNOLOGY CENTER. 8402948 0 234844 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER DEVELOPMENT, STUDENT HEALTH, AND OTHER SERVICES FOR APPROXIMATELY 697 CAMPUS LIVING STUDENTS. 7479811 0 6924827 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 697 CAMPUS LIVING STUDENTS. 52561901 true true false false false false false false false true true true false false true true false true true false false false false false false false false false true true true false false false false false false true false false false true false false false false true true true false false true 3028 0 true 1025 true true true false false false false false false false false false false false X 20 18 false false false false false false false true true true false true true true true true true true true false IA X SUZETTE RADKE 7127492044 610 WEST 4TH STREET STORM LAKE IA 505881798 X BRIAN LENZMEIER PRESIDENT 40.0 0.0 X X 302850 0 43182 JOAN CANTY VP, UNIVERSITY DEVELOPMENT 40.0 0.0 X 199721 0 13876 SUZETTE RADKE VP, FINANCE AND ADMINISTRATION 40.0 0.0 X 164619 0 35331 LISA BEST DEAN, SCHOOL OF BUSINESS 40.0 0.0 X 137457 0 28743 JEAN BRAL VP, EXT. UNIVERSITY PROGRAMS 40.0 0.0 X 146307 0 18342 HEATHER BLACK VP, STUDENT SUCCESS 40.0 0.0 X 124403 0 26499 BRANDON JOHNSON VP, enROLLMENT MANAGEMENT 40.0 0.0 X 127487 0 19546 DIXEE BARTHOLOMEW-FEIS DEAN, SCHOOL OF LIBERAL ARTS 40.0 0.0 X 111492 0 31084 JOSEPH MCLAIN CHIEF INFORMATION OFFICER 40.0 0.0 X 123069 0 17918 MATTHEW ASTLEFORD ASSOC VP, UNIV advancement 40.0 0.0 X 108313 0 29955 LUCAS DEWITT ASSOc PROFESSOR OF EDUCATIon 40.0 0.0 X 109434 0 26076 KEVIN MCINTYRE VP, ENROLLMENT MANAGEMENT 40.0 0.0 X 110358 0 10679 HEIDI MANNING PROVOST/VP ACADEMIC AFFAIRs 40.0 0.0 X 80792 0 14078 KIM LINDUSKA INTERIM VP, ACADAMIC AFFAIRS 40.0 0.0 X 58000 0 0 MARC BRINKMEYER TRUSTEE 1.0 0.0 X 0 0 0 TIM BROWN TRUSTEE 1.0 0.0 X 0 0 0 DOUG CLAUSEN TRUSTEE 1.0 0.0 X 0 0 0 KITTY CONOVER TRUSTEE 1.0 0.0 X 0 0 0 MIKE DEGEN TRUSTEE 1.0 0.0 X 0 0 0 BECKI DRAHOTA TRUSTEE 1.0 0.0 X 0 0 0 DAVID DVERGSTEN TRUSTEE 1.0 0.0 X 0 0 0 AMY FRIEDRICH TRUSTEE 1.0 0.0 X 0 0 0 NORMAN NIELSEN TRUSTEE 1.0 0.0 X 0 0 0 DAN PHILLIPS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL PIERCE TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN RUSSELL TRUSTEE 1.0 0.0 X 0 0 0 BRAD SCHROEDER TRUSTEE 1.0 0.0 X 0 0 0 QUENTIN WITTROCK TRUSTEE 1.0 0.0 X 0 0 0 MIKE NAIG TRUSTEE 1.0 0.0 X 0 0 0 JULIE QUIRIN TRUSTEE 1.0 0.0 X 0 0 0 DR HYUN KIM TRUSTEE 1.0 0.0 X 0 0 0 HEATH BARTNESS TRUSTEE 1.0 0.0 X 0 0 0 RAVI KUMAR TRUSTEE 1.0 0.0 X 0 0 0 1904302 0 315309 17 false true false SODEXO AFFILIATES 610 W 4TH STREET STORM LAKE IA 50588 FOOD SERVICE 2709779 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 EDUCATIONAL SERVICES 580613 JENZABAR INC PO BOX 55018 BOSTON MA 02205 ADMIN COMPUTING 302551 COLLEGIS LLC 1415 W 22ND ST SUITE 220 OAK BROOK IL 60523 EDUCATIONAL SERVICES 263214 XXVI Holdings Inc dba Google LLC 1600 Amphitheatre Pkwy MOUNTAIN VIEW CA 94043 advertising services 234140 9 279864 5754900 1093491 6034764 TUITION & FEES 611600 41132765 41132765 SALES & SERVICE AUXILIARY 611710 6924827 6924827 SALES & SERVICE EDUCATION 611710 177906 177906 PARKING 611710 56398 56398 48291896 89004 89004 0 0 0 0 0 50281 50281 50281 50281 0 0 0 0 0 0 0 0 0 CONFERENCE CENTER 721000 249478 192503 56975 INCOME FROM PARTNERSHIP 900099 -252983 -252983 ALL OTHER MISC REVENUE 900099 995508 993202 2306 995508 993202 2306 992003 55457948 49477601 -193702 139285 0 19292214 19292214 0 0 1302970 315309 813209 174452 0 15819512 12949880 2140255 729377 946457 703581 185923 56953 2430073 1686151 595073 148849 1623526 1331102 224866 67558 0 54939 54939 85878 85878 0 0 7350 7350 1923283 1012139 862580 48564 870895 265928 526029 78938 783347 440825 241842 100680 1006836 836206 85505 85125 0 890118 698248 191870 1567179 1415069 81733 70377 0 66437 55777 10660 373579 150985 222594 0 6049383 5669315 365704 14364 143190 96804 46386 TRAINING & DEVELOPMENT 535590 511556 19559 4475 REPAIRS & MAINTENANCE 340473 247675 92798 EQUIPMENT 932928 807398 125530 STUDENT BOARD PLANS 2337077 2337077 2271382 1738662 518748 13972 61654616 52561901 7499031 1593684 0 0 5562389 27098873 1767441 3126755 2265618 2194137 0 0 0 0 0 0 690253 855609 0 0 171957577 124679882 49199696 47277695 0 0 161855357 161695105 1320720 823385 0 0 279785 220781 222941259 243292340 5914036 5751617 1044988 743260 3215878 3034947 15302591 38005312 0 0 0 0 0 0 1359130 0 2757522 2374352 29594145 49909488 X 79805709 78327361 113541405 115055491 193347114 193382852 222941259 243292340 X -6196668 6232406 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150992944 632319 7002489 1512818 5963843 731044 150420047 162180950 1671868 -5622511 1202939 5309168 725256 150992944 128993080 2087001 38610932 1331945 5556478 621640 162180950 132185358 1393666 4188019 1325646 6878408 569909 128993080 131612634 1340583 7888284 1141192 6919304 595647 132185358 0.26000 0.74000 false false 3489150 3489150 119022195 83035503 35986692 7758468 5820614 1937854 40643674 35823765 4819909 1044090 1044090 47277695 OTHER INVESTMENTS 544378 F LIFE INSURANCE 437533 F REAL ESTATE INVESTMENTS 410544 F INVESTMENT IN BVU FUND, LP 160302650 F 161695105 0 SPLIT INTEREST AGREEMENTS 2227015 OPERATING LEASE LIABILITIES 147337 2374352 SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2022 AND 2023, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2019 AND PRIOR. SCHEDULE D, PART V, LINE 4 BUENA VISTA UNIVERSITY'S ENDOWMENT SERVES MANY PURPOSES. THE ENDOWMENT IS USED FOR SCHOLARSHIPS, PROGRAMS, BUILDINGS, AND PROJECTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS COMMUNICATIONS. ALL MATERIALS PUBLISHED THROUGH THE NEWSPAPER OR BROADCAST MEDIA FOR THE PURPOSE OF RECRUITING STUDENTS CONTAINS INFORMATION ON THE NONDISCRIMINATORY POLICY. IN ADDITION, THIS MATERIAL IS INCLUDED IN ALL RECRUITMENT LITERATURE, INCLUDING THE CATALOG AND STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6A FINANCIAL ASSISTANCE RECEIVED FROM THE US DEPARTMENT OF EDUCATION. true EXTENDED UNIV PROGRAMS SCHOLARSHIPS 262 477370 ENDOWED/RESTRICTED SCHOLARSHIPS 99 65954 FALL/SPRING SCHOLARSHIPS 789 18748890 SCHEDULE I, PART I, LINE 2 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 true true X X X false false false false false false false false false BRIAN LENZMEIER PRESIDENT 297044 0 0 0 5806 0 19988 0 23194 0 346032 0 0 0 SUZETTE RADKE VP, FINANCE AND ADMINISTRATION 161524 0 750 0 2345 0 11244 0 24087 0 199950 0 0 0 JEAN BRAL VP, EXT. UNIVERSITY PROGRAMS 144303 0 750 0 1254 0 9499 0 8843 0 164649 0 0 0 HEATHER BLACK VP, STUDENT SUCCESS 123425 0 750 0 228 0 8493 0 18006 0 150902 0 0 0 JOAN CANTY VP, UNIVERSITY DEVELOPMENT 183954 0 750 0 15017 0 12065 0 1811 0 213597 0 0 0 LISA BEST DEAN, SCHOOL OF BUSINESS 134139 0 750 0 2568 0 9160 0 19583 0 166200 0 0 0 SCHEDULE J, PART I, LINE 1A BRIAN LENZMEIER, PRESIDENT OF BUENA VISTA UNIVERSITY, WAS PROVIDED HOUSING THAT MEt THE EXCLUSION UNDER SECTION 119 AND THEREFORE was NOT INCLUDED IN W-2 TAXABLE WAGES. THE PERSONAL SERVICES PROVIDED included CLEANING SERVICES FOR UNIVERSITY EVENTS HELD at PROVIDED HOUSing AND THEREFORE was NOT INCLUDED IN W-2 TAXABLE WAGES. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624604Y9 2016-08-11 7389575 REFUND PRIOR ISSUE (05/01/07) false false false B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624608C3 2021-02-17 8756450 REFUND PRIOR ISSUE(5/25/11) false false false C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 46247dar8 2023-03-22 26617097 SEE PART VI false false false A 2685000 0 7389575 0 0 0 118556 0 0 0 7271019 0 2008 true false true true B 1410000 0 8756450 0 15151 0 141843 0 0 0 8599456 0 2012 true false true true C 0 0 26855105 0 0 0 339540 0 0 895674 2309862 23310029 false true false true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false true true false false 0 false 0 false true B false false true true false false 0 false 0 false true C false true true false false false 0 true NATIXIS FUNDING COR 1.9 true false true A true B true C true SCHEDULE K, PART I, LINE C, COLUMN (f) CONSTRUCT AND RENOVATE FACILITES AND REFUND PRIOR ISSUES (12/1/13, 6/15/2020). SCHEDULE K, PART II, LINE 3, COLUMN C THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (e) DUE TO INVESTMENT EARNINGS/MARKET VALUE FLUCTUATIONS. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/11/2017 (B) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/17/2021 NOTE REGARDING THE REBATE COMPUTATIONS ON 02/11/2017 AND 08/17/2021: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. na n/a 26438 SCHOLARSHIP SCHOLARSHIP X 4 1093491 STOCK EXCHANGE false true false SCHEDULE M, PART I, COLUMN B THIS AMOUNT REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 6 NUMBER OF 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. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE PREPARES THE FORM 990 AND PROVIDES IT TO AN INDEPENDENT CPA FIRM TO REVIEW THE FORM 990. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE STRATEGIC GROWTH AND SUSTAINABILITY COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THROUGH THE TRUSTEE'S WEB PORTAL, BOARDVANTAGE. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BUENA VISTA PROVIDES THEIR BOARD OF TRUSTEES AND OFFICERS A CONFLICT OF INTEREST QUESTIONNAIRE THAT IS COMPLETED ELECTRONICALLY AND SUBMITTED. ONCE THE CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS. ANY BOARD MEMBER THAT HAS A CONFLICT ARE RECUSED FROM DISCUSSIONS, DELIBERATIONS AND VOTING ON THE TRANSACTION THEY HAVE A CONFLICT WITH. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT OF BUENA VISTA UNIVERSITY'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE 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 EXECUTIVE 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 EXECUTIVE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS AND RECORDS ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15B PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES OF BUENA VISTA UNIVERSITY ARE REVIEWED BY THE EXECUTIVE 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 EXECUTIVE COMMITTEE AND PRESIDENT ALSO REVIEW THE SALARIES OF THE OTHER OFFICERS AT IOWA COLLEGES AND UNIVERSITIES EACH YEAR AND COMPARES THE COMPENSATION TO THE COMPENSATION RECEIVED BY BUENA VISTA UNIVERSITY'S OFFICERS. THE EXECUTIVE COMMITTEE AND THE PRESIDENT CONTEMPORANEOUSLY DOCUMENT AND RECORD ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. BUENA VISTA ALSO DOES A THOROUGH REVIEW OF ALL SALARIES AND COMPARES THEM TO RELEVANT DATA INCLUDING NATIONAL SALARY SURVEYS, LOCAL COMPARATIVE DATA FOR ADMINISTRATIVE POSITIONS, COMPARISONS AT OTHER IOWA COLLEGE AND UNIVERSITIES, AND REGIONAL SALARY SURVEYS. THIS REVIEW WAS DONE DURING THE 2023 CALENDAR YEAR. 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, LINE 9 OTHER CHANGE IN NET ASSETS: $ (226,776) CHARITABLE REMAINDER TRUST PAYMENTS $ 312,581 ACTUARIAL GAIN/LOSS ON ANNUITIES $ 252,983 UBI PARTNERSHIP INCOME/LOSS $ 5,893,618 INTEREST IN EARNINGS OF BVU FUND, LP ------------ $ 6,232,406 TOTAL OTHER CHANGES IN NET ASSETS ============ BVU FUND LP C/O CAMBRIDGE ASSOCIATES LLC 125 HI BOSTON MA 02110 462921999 INVESTMENTS DE BVU EXCLUDED FROM TAX 7207927 147251988 false -252983 false 0.99999 CHARITABLE REMAINDER TRUSTS (4) CHARITABLE TRUSTS IA NA TRUST false false false false false false false false false false false false false false false false false false false true BVU FUND LP s 7000000 CASH