2024-04-15T12:36:02-05:00 2023-05-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-06-01 350867977 BUTLER UNIVERSITY % BUTLER UNIV BUSINESS OFFICE BUTL 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BRUCE E ARICK VP - FINANCE AND ADM 3179409135 2024-04-15 true BRUCE E ARICK 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-04-15 2 2022 2023-04-26 12:10:37Z BRUCE E ARICK 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 471632876 false X WWW.BUTLER.EDU X 1850 IN TO PROVIDE THE HIGHEST QUALITY LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE TWO BY CREATING A STIMULATING INTELLECTUAL COMMUNITY. 33 33 3335 1000 557137 496859 34871050 20506393 256267182 271701775 64427111 -1732270 137741 155436 355703084 290631334 86645740 89241994 0 0 114875430 121861914 0 0 4046834 94326834 104662116 295848004 315766024 59855080 -25134690 771199903 746589667 258085529 244329535 513114374 502260132 X BUTLER UNIVERSITY, FOUNDED ON IDEALS OF EQUITY AND ACADEMIC EXCELLENCE, CREATES AND FOSTERS A COLLABORATIVE, STIMULATING INTELLECTUAL LEARNING ENVIRONMENT. WE ARE INSPIRED TO BOLDLY INNOVATE AND BROADLY EDUCATE, ENRICHING COMMUNITIES AND PREPARING ALL LEARNERS TO LEAD MEANINGFUL LIVES. false false 272177040 89241994 271701775 EDUCATION: BUTLER UNIVERSITY DELIVERS AN OUTSTANDING EDUCATION STEEPED IN THE LIBERAL ARTS AND COUPLED WITH EXPERIENTIAL LEARNING OPPORTUNITIES THAT INCLUDE INTERNSHIPS, STUDY ABROAD, SERVICE PROJECTS, AND SCHOLARLY RESEARCH. THROUGH THIS COMPREHENSIVE APPROACH, WE PREPARE STUDENTS TO STEP DIRECTLY INTO A CAREER OR GRADUATE SCHOOL WITH CONFIDENCE. THE UNIVERSITY'S MOST RECENT PLACEMENT RATE WAS 98 PERCENT, INCLUDING 32 PERCENT THAT WENT ON TO ATTEND GRADUATE SCHOOL OR PARTICIPATE IN A GAP-YEAR PROGRAM. IN ITS RANKINGS FOR 2024, U.S. NEWS AND WORLD REPORT NAMED BUTLER THE NO. 1 SCHOOL AMONG MIDWEST REGIONAL UNIVERSITIES FOR THE SIXTH CONSECUTIVE YEAR, THE MOST INNOVATIVE SCHOOL IN THE MIDWEST FOR THE NINTH CONSECUTIVE YEAR, AND BEST COLLEGE IN UNDERGRADUATE TEACHING. THE UNIVERSITY ALSO WAS LISTED AMONG THE BEST FOR FIRST-YEAR EXPERIENCES AND STUDY ABROAD. AUXILIARY: CLOWES MEMORIAL HALL BUTLER UNIVERSITY'S 2,200-SEAT CLOWES MEMORIAL HALL OPENED TO THE PUBLIC ON OCT. 18, 1963. THIS PROFESSIONAL PERFORMING ARTS FACILITY IS HOME TO BUTLER ARTS PRESENTS - AN ANNUAL SERIES OF MUSIC, THEATRE, AND DANCE PERFORMANCES - AND A K-12 EDUCATION PROGRAM. CLOWES IS ALSO THE HOME OF RESIDENT COMPANIES SUCH AS THE BUTLER BALLET. OTHER GREAT ORGANIZATIONS SUCH AS BROADWAY IN INDIANAPOLIS, MUSIC FOR ALL (BAND OF AMERICA), AND BUTLER'S CELEBRATION OF DIVERSITY DISTINGUISHED LECTURE SERIES ALSO USE THE VENUE. HEALTH AND RECREATION COMPLEX: A HEALTH AND RECREATION COMPLEX THAT IS EQUIPPED WITH RECREATION COURTS, AN INDOOR JOGGING TRACK, AN AQUATICS AREA, A WEIGHT AND FITNESS SPACE, AND LOUNGE OPENED IN FALL 2006. STUDENTS ENROLLED IN AT LEAST 12 CREDIT HOURS ARE AUTOMATIC MEMBERS. MEMBERSHIP IS ALSO AVAILABLE TO UNIVERSITY FACULTY, STAFF, ALUMNI, AND A LIMITED NUMBER OF COMMUNITY MEMBERS. ATHLETICS: BUTLER UNIVERSITY PARTICIPATES IN INTERCOLLEGIATE ATHLETICS AT THE NCAA DIVISION I LEVEL. NINETEEN OF BUTLER'S 20 TEAMS COMPETE IN THE BIG EAST, WHILE THE FOOTBALL PROGRAM IS A MEMBER OF THE PIONEER FOOTBALL LEAGUE. THE BULLDOGS HAVE A LONG HISTORY OF ATHLETIC SUCCESS, INCLUDING BACK-TO-BACK TRIPS TO THE NCAA DIVISION I MEN'S BASKETBALL NATIONAL CHAMPIONSHIP GAME IN 2010 AND 2011, AND THE UNIVERSITY IS HOME TO ONE OF THE NATION'S GREAT INTERCOLLEGIATE BASKETBALL FACILITIES, HINKLE FIELDHOUSE. FOR MORE INFORMATION ABOUT BUTLER ATHLETICS, VISIT WWW.BUTLERSPORTS.COM. ROOM AND BOARD: BUTLER STUDENTS CAN CHOOSE FROM A NUMBER OF HOUSING OPTIONS, INCLUDING A RESIDENTIAL APARTMENT VILLAGE FOR JUNIORS AND SENIORS, AN APARTMENT-STYLE RESIDENCE HALL, TWO COEDUCATIONAL RESIDENCE HALLS, AND 13 FRATERNITIES AND SORORITIES. A 660-BED MODERN, SUITE-STYLE HOUSING FACILITY - PREDOMINATELY FOR SOPHOMORES - OPENED IN FALL 2016, AND A 647-BED, SUITE-STYLE RESIDENCE HALL FOR FIRST-YEAR STUDENTS OPENED IN FALL 2018. ALL BUTLER UNDERGRADUATES ARE REQUIRED TO LIVE ON CAMPUS THROUGH JUNIOR YEAR. 272177040 true true false true false false true true false true true false false false true false false true true true true false true true true false false false true true true true false false false false false true false true false true true false false true true true true false false true 7779 0 true 3335 true true true false false false false true true false false false false true false X 33 33 false false false false false false false true true false false true true true true true true true true false CA IN X BUTLER UNIV BUSINESS OFFICE 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 X LAVALL JORDAN END 4122 MEN'S BASKETBALL COACH 50.0 0.0 X 2318038 0 36326 THAD MATTA BEG 4322 MEN'S BASKETBALL COACH 50.0 0.0 X 1966014 0 22841 JAMES DANKO PRESIDENT 50.0 1.0 X 791993 0 59430 KURT GODLEVSKE END 4522 WOMEN'S BASKETBALL COACH 50.0 0.0 X 454224 0 14850 BARRY COLLIER VP AND ATHLETICS DIRECTOR 50.0 0.0 X 382958 0 45315 BROOKE BARNETT PROVOST/VP - ACADEMIC AFFAIRS 50.0 0.0 X 320000 0 41032 BRUCE ARICK VP-FINANCE & ADMIN/ASST TREAS. 50.0 1.0 X 291707 0 45146 CLAIRE AIGOTTI GENERAL COUNSEL/ASST SECRETARY 50.0 1.0 X 274813 0 43610 SUSAN WESTERMEYER CONTROLLER/ASST TREASURER 50.0 1.0 X 133294 0 26000 AARON SCHAMP TRUSTEE 1.0 1.0 X 0 0 0 AMY WIERENGA TRUSTEE 1.0 1.0 X 0 0 0 ANDREW GREENLEE TRUSTEE 1.0 1.0 X 0 0 0 BILL SOARDS TRUSTEE 1.0 1.0 X 0 0 0 BOB WILDMAN TRUSTEE 1.0 1.0 X 0 0 0 BRIAN STEMME TRUSTEE 1.0 1.0 X 0 0 0 BRYAN BRENNER TRUSTEE 1.0 1.0 X 0 0 0 CHRIS GAHL TRUSTEE 1.0 1.0 X 0 0 0 CHRIS MISKEL TRUSTEE 1.0 1.0 X 0 0 0 GARY BUTKUS TRUSTEE 1.0 1.0 X 0 0 0 HOWARD SCHROTT TRUSTEE 1.0 1.0 X 0 0 0 JANA BROST SECRETARY 1.0 1.0 X X 0 0 0 JANE MAGNUS-STINSON TRUSTEE 1.0 1.0 X 0 0 0 JAY LOVE TRUSTEE 1.0 1.0 X 0 0 0 JATINDER-BIR SINGH SANDHU TRUSTEE 1.0 1.0 X 0 0 0 JEFF BLADE VICE CHAIR 1.0 1.0 X X 0 0 0 JOE EATON TRUSTEE 1.0 1.0 X 0 0 0 JUDITH THOMAS TRUSTEE 1.0 1.0 X 0 0 0 KATHY MARTIN HARRISON TRUSTEE 1.0 1.0 X 0 0 0 KATHRYN BETLEY TRUSTEE 1.0 0.0 X 0 0 0 KEITH FALLER CHAIR 1.0 1.0 X X 0 0 0 LYNNE ZYDOWSKY TRUSTEE 1.0 1.0 X 0 0 0 MARK MINNER TRUSTEE 1.0 1.0 X 0 0 0 MICHAEL HOLE TRUSTEE 1.0 0.0 X 0 0 0 P SCOTT BENING TRUSTEE 1.0 1.0 X 0 0 0 REBECCA GRAHAM PAUL TRUSTEE 1.0 1.0 X 0 0 0 ROLLIN DICK TRUSTEE 1.0 1.0 X 0 0 0 RON LANGSTON TRUSTEE 1.0 1.0 X 0 0 0 SHARON MYERS TRUSTEE 1.0 1.0 X 0 0 0 STEVE STERRETT TREASURER 1.0 1.0 X X 0 0 0 THOMAS FISCHER TRUSTEE 1.0 1.0 X 0 0 0 TONYA COMBS TRUSTEE 1.0 1.0 X 0 0 0 TRACY STEVENS TRUSTEE 1.0 0.0 X 0 0 0 6933041 0 334550 206 false true false PEPPER CONSTRUCTION COMPANY OF IND 1850 W 15TH STREET INDIANAPOLIS IN 46202 CONSTRUCTION 19121518 BON APPETIT MANAGEMENT COMPANY PO BOX 91337 CHICAGO IL 60693 BOARD/CATERING 10815890 AMERICAN CAMPUS COMMUNITIES 12700 HILL COUNTRY BLVD STE T-20 AUSTIN TX 78738 STUDENT HOUSING 9097354 TURNER CONSTRUCTION COMPANY 733 S WEST STREET INDIANAPOLIS IN 46225 CONSTRUCTION 8651712 US BANK CORPORATE PAYMENT SYSTEM PO BOX 790428 ST LOUIS MO 63179 CARD SERVICER 6262752 146 43575 8287 5535561 14918970 1012743 20506393 STUDENT TUITION AND FEES 900099 213039287 213039287 RESIDENCE HALLS/ROOM & BOARD 611710 24994419 24994419 ATHLETIC REVENUE 611710 14144677 14144677 AUXILIARY REVENUE 900099 14089377 14089377 OTHER MISCELLANEOUS 611710 5434015 5434015 271701775 6467552 416480 6051072 0 0 169766 29109 0 140657 140657 140657 172762114 180961936 -8199822 -8199822 -8199822 25276 43575 10497 14779 14779 0 0 0 0 0 0 0 290631334 271701775 557137 -2133971 0 88585219 88585219 656775 656775 0 1512800 1126234 386566 60992 60992 89939081 73223693 14708673 2006715 6801441 5425048 1179339 197054 17284086 12706293 4180161 397632 6263514 5020298 1090259 152957 0 233438 16715 216723 246062 246062 36000 36000 0 2732537 2732537 28561333 23338413 5082337 140583 1871756 941012 930667 77 8223148 6742481 1297494 183173 1017362 701325 253446 62591 0 8939883 7692842 1226910 20131 10812395 9711235 711510 389650 0 402636 337306 64592 738 4909711 4534118 375593 0 25043515 23173693 1869822 2248609 1588519 660090 AUXILIARY 5234306 4787098 390951 56257 REPAIRS & MAINTENANCE 603403 573499 29904 DUES, FEES, & SUBSCRIPTIONS 1237827 865985 346773 25069 MISCELLANEOUS 2308195 1555473 725081 27641 315766024 272177040 39542150 4046834 0 0 20288728 7622923 13240386 11485458 4385231 4555114 0 0 0 0 21461063 21349675 615975 650180 4761074 5603696 699642697 400894971 260536116 298747726 351990077 360278735 20875805 17718438 0 0 0 0 73045448 18577722 771199903 746589667 32567088 29925309 0 0 17388165 17526745 200288155 190478961 0 0 0 0 0 0 0 0 7842121 6398520 258085529 244329535 X 243221695 235335517 269892679 266924615 513114374 502260132 771199903 746589667 -25134690 14280448 X false true X true true true X 19051926 19243812 35094200 34871050 20506393 128767381 0 0 19051926 19243812 35094200 34871050 20506393 128767381 13101733 115665648 9571106 4428307 11133168 -9138330 6637318 22631569 248825 111811 174233 328489 497859 1361217 0 152760167 1294256611 0.75717 0.73430 X FORM 990, SCHEDULE A, PART I SPECIAL RULE REPORTING: THE ORGANIZATION CHECKED IN SCHEDULE A, PART I, THAT IT IS ORGANIZED AS SCHOOL, CATEGORY 2, PER ITS EXEMPTION LETTER. THE ORGANIZATION HAS COMPLETED SCHEDULE A, PART II TO PROVE THAT IT MEETS THE DEFINITION OF A PUBLICALLY SUPPORTED ORGANIZATION UNDER CATEGORY 7 AND CAN USE A SPECIAL REPORTING RULE ON SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 36000 36000 false FORM 990, SCHEDULE C, PART II-B LOBBYING EXPENSES: BUTLER UNIVERSITY PAID A CONSULTANT, MARKET STREET GROUP INC., TO LOBBY ON THEIR BEHALF AGAINST LEGISLATION THAT IF PASSED WOULD GIVE HIGHER EDUCATION INSTITUTIONS IN INDIANA THE RESPONSIBILITY OF LICENSING TEACHERS. X 1 40.00 1 1 false X X X false 265591504 3242877 6773032 3733974 6415834 361264 265096341 285556730 1867730 -12408867 3315340 6082666 26083 265591504 216806870 2795743 74518795 3403899 5151715 9064 285556730 220515716 5718175 -671884 3082157 5504365 168615 216806870 235941218 2278451 -5081485 3275876 9044675 301917 220515716 0.09600 0.90400 false true true 4514278 4514278 497912029 226229987 271682042 23012225 14225654 8786571 89656762 82497309 7159453 84547403 77942021 6605382 298747726 0 ANNUITIES AND TRUST PAYABLE 1129013 ADV FROM GOV - STUDENT LOANS 2943358 FUNDS HELD FOR CAMPUS ORGS 2326149 6398520 X 213265550 14280448 328299 14608747 198656803 2732537 89241994 91974531 290631334 224043761 252268 252268 223791493 2732537 89241994 91974531 315766024 SCHEDULE D, PART II, LINE 9 CONSERVATION EASEMENTS: THE UNIVERSITY'S CONSERVATION EASEMENT WAS GRANTED AS A CONDITION OF ELIGIBILITY FOR THE SAVE AMERICA'S TREASURES GRANT PROGRAM. THE UNIVERSITY RECORDED GRANT REVENUE AND USED IT TO SUPPORT THE RENOVATION OF THE EXTERIOR OF HINKLE FIELDHOUSE. SCHEDULE D, PART V, LINE 4 EXEMPT PURPOSE: BUTLER UNIVERSITY MAINTAINS ART, MUSICAL INSTRUMENTS, AND A RARE BOOK COLLECTION FOR EDUCATION, SCHOLARLY RESEARCH AND PRESERVATION FOR FUTURE GENERATIONS. SCHEDULE D, PART V, LINE 4 THE INTENDED USES OF THE ORGANIZATION'S ENDOWNMENT FUNDS: THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). THE ENDOWMENT IS AVAILABLE FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER INSTITUTIONAL SUPPORT. FORM 990, SCHEDULE D, PART X ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI RECONCILIATION OF REVENUE: LINE 2D: RENTAL EXPENSES $ 29,109 FUNDRAISING EXPENSES $ 10,497 INCOME FROM BUTLER FOUNDATION $ 288,693 TOTAL $ 328,299 LINE 4B: SCHOLARSHIPS $89,241,994 FORM 990, SCHEDULE D, PART XII RECONCILIATION OF EXPENSES: LINE 2D: EXPENSES FROM BUTLER FOUNDATION $ 212,662 FUNDRAISING EXPENSES $ 10,497 RENTAL EXPENSES $ 29,109 TOTAL $ 252,268 LINE 4B: SCHOLARSHIPS $89,241,994 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF THE ORGANIZATION'S NONDISCRIMINATORY POLICY: BUTLER UNIVERSITY IS COMMITTED TO MAINTAINING A RESPECTFUL EDUCATIONAL ENVIRONMENT, FREE FROM DISCRIMINATION AND HARRASSMENT. BUTLER DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, AGE, DISABILITY, CITIZENSHIP STATUS, MILITARY STATUS, SEX, GENDER, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, OR GENETIC INFORMATION. NO STUDENT OR APPLICANT FOR ADMISSION WILL BE EXCLUDED FROM PARTICIPATION IN, DENIED BENEFITS OF, OR SUBJECTED TO DISCRIMINATION IN ANY EDUCATIONAL PROGRAM, OPPORTUNITY, OR ACTIVITY. THIS IS PUBLICALLY AVAILABLE ON BUTLER UNIVERSITY'S WEBSITE AT WWW.BUTLER.EDU/BIAS/COMMUNITY-STANDARDS. SCHEDULE E, PART I, LINE 6A FINANCIAL AID RECEIVED FROM A GOVERNMENTAL AGENCY: BUTLER UNIVERSITY RECEIVES CERTAIN AMOUNTS FROM GOVERNMENTAL AGENCIES FOR SUPPORT OF ITS RESEARCH AND EDUCATIONAL PROGRAMS. true Central America and the Caribbean 0 2 Program Services EDUCATION 38174 East Asia and the Pacific 0 1 Program Services EDUCATION 68110 Europe (Including Iceland and Greenland) 0 20 Program Services EDUCATION 1029707 Middle East and North Africa 0 1 Program Services EDUCATION 27667 North America 0 1 Program Services EDUCATION 29027 Central America and the Caribbean 0 0 Investments N/A 164390122 0 25 0 25 165582807 165582807 FINANCIAL AID FOR STUDENTS East Asia and the Pacific 8 78282 SEE PART V FINANCIAL AID FOR STUDENTS Europe (Including Iceland and Greenland) 63 525704 SEE PART V FINANCIAL AID FOR STUDENTS Middle East and North Africa 3 35050 SEE PART V FINANCIAL AID FOR STUDENTS South America 1 17739 SEE PART V true false true true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES: BUTLER UNIVERSITY HAS STUDENTS WHO STUDY ABROAD. THE FINANCIAL AID RECEIVED BY STUDENTS WHO STUDY ABROAD IS A REDUCTION OR WAIVER OF BUTLER UNIVERSITY TUITION WHILE THE STUDENT IS STUDYING ABROAD. BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. false MARTS AND LUNDY CONSULTING false GOLF CLASSIC 68851 43575 25276 2100 5224 640 2533 0 68851 43575 25276 2100 5224 640 2533 10497 14779 true SCHOLARSHIPS FOR STUDENTS 4299 88585219 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES: BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. X X X X X true true X X X X true false false false false false false true false CLAIRE AIGOTTI GENERAL COUNSEL/ASST SECRETARY 274662 0 0 0 151 0 27466 0 16144 0 318423 0 BRUCE ARICK VP-FINANCE & ADMIN/ASST TREAS. 290957 0 0 0 750 0 29096 0 16050 0 336853 0 SUSAN WESTERMEYER CONTROLLER/ASST TREASURER 133294 0 0 0 0 0 13329 0 12671 0 159294 0 JAMES DANKO PRESIDENT 567367 0 157658 0 66968 0 51493 0 7937 0 851423 0 BROOKE BARNETT PROVOST/VP - ACADEMIC AFFAIRS 320000 0 0 0 0 0 24000 0 17032 0 361032 0 BARRY COLLIER VP AND ATHLETICS DIRECTOR 343419 0 20000 0 19539 0 30500 0 14815 0 428273 0 KURT GODLEVSKE END 4522 WOMEN'S BASKETBALL COACH 77367 0 0 0 376857 0 7732 0 7118 0 469074 0 LAVALL JORDAN END 4122 MEN'S BASKETBALL COACH 535569 0 25000 0 1757469 0 30500 0 5826 0 2354364 0 THAD MATTA BEG 4322 MEN'S BASKETBALL COACH 1939683 0 0 0 26331 0 9865 0 12976 0 1988855 0 SCHEDULE J, PART I, LINE 1A OTHER BENEFITS: CHARTER TRAVEL IS OCCASIONALLY USED FOR CERTAIN ATHLETIC TEAM TRAVEL WHEN IT CREATES AN OPPORTUNITY TO REDUCE MISSED CLASS TIME FOR STUDENT ATHLETES. CHARTER TRAVEL IS ALSO USED BY ATHLETIC DEPARTMENT PERSONNEL ON A LIMITED BASIS FOR ATHLETIC RECRUITING PURPOSES AND BY JAMES DANKO, THE UNIVERSITY'S PRESIDENT, WHEN COMMERCIAL TRAVEL IS NOT EFFICIENT. THE VALUE OF PERSONAL TRAVEL IS INCLUDED IN MR. DANKO'S TAXABLE INCOME. SPOUSAL TRAVEL IS PROVIDED TO THE ATHLETIC DIRECTOR, BARRY COLLIER, ON OCCASION. THE VALUE OF THIS SPOUSAL TRAVEL IS INCLUDED IN HIS TAXABLE INCOME. BUTLER UNIVERSITY PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR JAMES DANKO, THE UNIVERSITY'S PRESIDENT. THE RESIDENCE AND HOUSEHOLD SERVICES ARE NOT INCLUDED IN MR. DANKO'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF BUTLER UNIVERSITY, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. JAMES DANKO WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO BUTLER'S CAMPUS. BUTLER UNIVERSITY PAYS SOCIAL CLUB DUES FOR JAMES DANKO, BARRY COLLIER, KURT GODLEVSKE, LAVALL JORDAN, AND THAD MATTA. THE PERSONAL USE OF THESE DUES IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: KURT GODLEVSKE: $375,000 IN APRIL 2022 LAVALL JORDAN: $1,750,000 IN MAY 2022 THESE AMOUNTS ARE REFLECTED IN PART II COLUMN B(III) OF SCHEDULE J. SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: THE BONUSES INCLUDED IN PART II, COLUMN (II) ARE PERFORMANCE-BASED BONUSES FOR 2021-22. THESE BONUSES WERE APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. A INDIANA FINANCE AUTHORITY 521698917 45506DNQ4 2014-10-15 24330000 SUNSET AVE PARKING GARAGE false false false B INDIANA FINANCE AUTHORITY 521698917 45506D3M5 2019-07-16 54225000 CONSTRUCTION, RENOV, REFUND LONG-T false false false C INDIANA FINANCE AUTHORITY 521698917 2017-08-30 30330000 CONSTRUCTION, RENOVATIONS false false false D INDIANA FINANCE AUTHORITY 521698917 2017-12-13 16930000 ACQUISITION LAND, BUILDINGS, CONST false false false A 3910000 0 26310744 0 0 0 296545 0 0 0 26014199 0 2015 false false true true B 6115000 0 54225000 0 0 23650815 471041 0 0 0 30103144 0 2022 true false true true C 600000 0 30330000 0 0 0 285573 0 0 0 30044427 0 2019 false false true true D 0 0 16930000 0 0 0 118116 0 0 0 16811884 0 2019 false false true true A false false true true false 0 false false false true B false false false true false 0 false false false true C false false true true false 0 false false false true D false true true true false 0 false false false true A false true false false 0 false 0 true false B false true false false 0 false 0 true false C false true false false 0 false 0 true false D false true false false 0 false 0 true false A true B true C true D true A INDIANA FINANCE AUTHORITY 521698917 2021-07-28 27665000 CONSTRUCTION, RENOVATIONS false false false B INDIANA FINANCE AUTHORITY 351602316 2022-02-01 38895000 REFUND SERIES 2012 BONDS false false false A 0 0 32322066 0 0 0 322066 0 0 0 27977279 0 2023 false false false true B 5830000 0 38895000 0 0 38690000 205000 0 0 0 38690000 0 2022 true false true true A false false false true false 0 false false false true B false false true true false 0.00710 0.02700 0.03410 false false false true A false true false false 0 false 0 true false B false true false false 0 false 0 true false A true B true NA N/A 16837 ACADEMIC SCHOLARSHIPS ACADEMIC SCHOLARSHIPS BETHANIE DANKO FAMILY MEMBER OF PRES. 60992 EMPLOYMENT false X 1 90000 APPRAISAL VALUE X 51 850699 STOCK QUOTE X PRIZES 1 2825 COST X BANNERS/SIGNS 3 35153 FMV X EQUIPMENT 2 21840 COST X FOOD/BEVERAGES 7 9321 COST X ATHLETIC SUPPLIES 1 2905 COST 1 false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: BUTLER UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). SCHEDULE M, PART I, LINE 9 SECURITIES - PUBLICLY TRADED: NONCASH CONTRIBUTIONS ON SCHEDULE M ARE REPORTED IN THE YEAR RECEIVED. PUBLICLY TRADED SECURITIES IN THE AMOUNT OF $413,413 RECEIVED WERE PLEDGE PAYMENTS THAT WERE RECORDED AS REVENUE ON PART VIII OF THE FORM 990 IN A PREVIOUS YEAR. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: BUTLER UNIVERSITY'S BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE BUTLER UNIVERSITY STEWARDSHIP COMMITTEE. IN ADDITION, BUTLER'S OUTSIDE ACCOUNTING FIRM REVIEWED THE FORM 990 PRIOR TO FILING. BUTLER UTILIZED THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVED SUBSTANTIVE REVIEW BY DIRECTORS AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF BUTLER'S ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING AND TAX EXPERTISE. BUTLER PROVIDED A COMPLETE COPY OF THE RETURN TO THE ENTIRE BOARD PRIOR TO FILING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: BUTLER UNIVERSITY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH BUTLER UNIVERSITY. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF BUTLER UNIVERSITY, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE STEWARDSHIP COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. IN ADDITION, THE EXECUTIVE STAFF IS RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF BUTLER UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: BUTLER UNIVERSITY HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY THAT ENSURES THAT ALL COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. BUTLER UNIVERSITY HAS DELEGATED AUTHORITY REGARDING EXECUTIVE COMPENSATION MATTERS TO THE EXECUTIVE COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. THE COMMITTEE IS RESPONSIBLE FOR APPLYING THE TERMS AND PROCESS OF THE EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY AS OUTLINED ABOVE. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE COMPENSATION IN 2023. COMPENSATION REVIEW OF OTHER OFFICERS WAS CONDUCTED AS PART OF THE ANNUAL PERFORMANCE REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS: THE UNIVERSITY MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE UNIVERSITY'S BUSINESS OFFICE. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. 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