2025-04-12T08:13:41+00:00 2024-05-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2023-06-01 350867977 Butler University BUTL 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BRUCE E ARICK VP - FINANCE 3179409779 2025-04-12 true true Nicole Fishback P01279475 3173834000 2025-04-15 2023 2025-03-06 01:10:19Z ALAN FINN 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 412723091 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. 32 32 3529 1000 402131 330641 20506393 26115209 271701775 282840251 -1732270 11635921 155436 126077 290631334 320717458 89241994 95336196 0 0 121861914 131856686 0 0 4033155 104662116 108942880 315766024 336135762 -25134690 -15418304 746589667 756218829 244329535 228181929 502260132 528036900 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 288502854 95336196 282840251 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 26 PERCENT THAT WENT ON TO ATTEND GRADUATE SCHOOL OR PARTICIPATE IN A GAP-YEAR PROGRAM. IN ITS RANKINGS FOR 2025, U.S. NEWS AND WORLD REPORT NAMED BUTLER THE NO. 1 SCHOOL AMONG MIDWEST REGIONAL UNIVERSITIES FOR THE SEVENTH CONSECUTIVE YEAR AND THE MOST INNOVATIVE SCHOOL IN THE MIDWEST FOR THE TENTH CONSECUTIVE YEAR. THE UNIVERSITY ALSO WAS LISTED AMONG THE BEST FOR FIRST-YEAR EXPERIENCES AND STUDY ABROAD. AUXILIARY: BUTLER ARTS AND EVENTS CENTER (BAEC): BUTLER ARTS AND EVENTS CENTER IS A HOME FOR PASSION, CREATIVITY, EDUCATION, AND THE HIGHEST CALIBER OF PROFESSIONAL AND STUDENT PERFORMANCES. WITH OVER 300 STUDENT, FACULTY, AND PROFESSIONAL PERFORMANCES EACH YEAR, BAEC INCLUDES CLOWES MEMORIAL HALL, SCHROTT CENTER FOR THE ARTS, SHELTON AUDITORIUM, THE KRANNERT ROOM, EIDSON-DUCKWALL RECITAL HALL, AND LILLY HALL STUDIO THEATRE AND IS A DESTINATION FOR EXCEPTIONAL ARTS AND ENTERTAINMENT EXPERIENCES AND AN INCUBATOR FOR OUTSTANDING ARTS PROFESSIONALS. 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 FOR SIX ACADEMIC YEAR SEMESTERS. 288502854 true true false true false true true false true true true false false true true 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 7818 0 true 3529 true true true false false false false true true false false false false true false X 32 32 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 Amy Wierenga Vice Chair 1.0 1.0 X X 0 0 0 Jana Brost Secretary 1.0 1.0 X X 0 0 0 Jeff Blade Chair 1.0 1.0 X X 0 0 0 Steve Sterrett Treasurer 1.0 1.0 X X 0 0 0 Aaron Schamp 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 Chad Pingel Trustee 1.0 0.0 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 Jane Magnus-Stinson Trustee 1.0 1.0 X 0 0 0 Jatinder-Bir Singh Sandhu Trustee 1.0 1.0 X 0 0 0 Jay Love Trustee 1.0 1.0 X 0 0 0 Joe Eaton Trustee 1.0 1.0 X 0 0 0 Joy Mason Trustee 1.0 0.0 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 Keith Faller Trustee 1.0 0.0 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 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 Thomas Fischer Trustee 1.0 1.0 X 0 0 0 Tracy Stevens Trustee 1.0 0.0 X 0 0 0 Bruce Arick VP - Finance & Admin/Asst Treas. 50.0 1.0 X 302595 0 48773 Claire Aigotti General Counsel/Asst Secretary 50.0 1.0 X 288637 0 46763 James Danko President 50.0 1.0 X 934831 0 64768 Susan Westermeyer Controller/Asst Treasurer 50.0 1.0 X 140613 0 27730 Austin Parkinson Women's Basketball Coach 50.0 0.0 X 339613 0 36740 Barry Collier VP and Athletics Director 50.0 0.0 X 403216 0 46358 Brooke Barnett Provost/VP - Academic Affairs 50.0 0.0 X 332953 0 51840 Jonathan Purvis VP - Advancement 50.0 0.0 X 330193 0 46826 Thad Matta Men's Basketball Coach 50.0 0.0 X 2636040 0 53065 5708691 0 422863 229 false true false American Campus Communities 12700 Hill Country Blvd Ste T-200 Austin TX 78738 Student Housing 10884709 Bon Appetit Management Company PO Box 91337 Chicago IL 60693 Board/Catering 10834220 Pepper Construction Company of IND LLC 1850 W 15th Street Indianapolis IN 46202 Construction 10160001 Turner Construction Company 733 S West Street Indianapolis IN 46225 Construction 9934957 US Bank Corporate Payment System PO Box 790428 St Louis MO 63179 Card Servicer 8989984 153 37800 159286 2250814 23667309 3397046 26115209 STUDENT TUITION AND FEES 900099 222636829 222636829 RESIDENCE HALLS/ROOM & BOARD 611710 26079035 26079035 ATHLETIC REVENUE 611710 15212728 15212728 AUXILIARY REVENUE 900099 15020292 15020292 OTHER MISCELLANEOUS 611710 3891367 3891367 0 0 0 0 282840251 7656624 281926 7374698 156372 36167 0 120205 120205 120205 95940685 91961388 3979297 0 3979297 3979297 13950 37800 8078 5872 5872 0 0 0 0 0 320717458 282840251 402131 11359867 0 0 94317547 94317547 1018649 1018649 1689718 1277856 411862 63457 63457 97601112 78474992 17136679 1989441 7561206 5894926 1479643 186637 18060789 13328296 4333312 399181 6880404 5393957 1333134 153313 264922 21029 243893 271545 271545 42000 42000 3409176 3409176 29875992 23788751 5902637 184604 1961266 1177196 782453 1617 7684626 6815678 721206 147742 1244890 879736 304099 61055 8325453 7338579 985361 1513 11716837 10371301 919209 426327 491325 412026 79299 5428736 4943348 485388 27000321 25070898 1929423 2515184 1736662 778522 AUXILIARY 4763081 4451910 281791 29380 REPAIRS & MAINTENANCE 1040116 979137 60972 7 DUES, FEES, & SUBSCRIPTIONS 1523006 907777 588247 26982 MISCELLANEOUS 1384404 1180459 190451 13494 0 0 0 0 336135762 288502854 43599753 4033155 7622923 4690009 11485458 15866155 4555114 4934402 0 0 0 0 21349675 20546039 650180 165775 5603696 5840196 629733229 332808373 298747726 296924856 148852001 109375201 229145172 283904424 0 18577722 13971772 746589667 756218829 29925309 23682474 17526745 19114612 190478961 179829127 0 0 6398520 5555716 244329535 228181929 X 235335517 232000596 266924615 296036304 502260132 528036900 746589667 756218829 -15418304 41195072 0 X false true X true true true X 19243812 35094200 34871050 20506393 26115209 135830664 0 0 19243812 35094200 34871050 20506393 26115209 135830664 13460231 122370433 4428307 11133168 -9138330 6637318 7812996 20873459 111811 174233 328489 497859 331641 1444033 0 0 0 0 0 0 158148156 1316817615 0.7738 0.7572 X 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 PUBLICLY 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 42000 42000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY 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 40.0 1 1 false X X X false 265096341 4458774 39049222 4053583 6757031 564630 297229093 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 0.095 0.905 0.0 false true true 4514278 4514278 497082568 225183614 271898954 23547933 14970695 8577238 63690530 58137542 5552988 40897920 34516522 6381398 296924856 Absolute Return 45935986 F Core Property 2666833 F Credit 10012429 F Equities - Global 111061496 F Hedge Funds 25943367 F Private Debt 32260240 F Private Equity 52981695 F Private Equity Real Estate 3042378 F 283904424 ANNUITIES AND TRUST PAYABLE 1113524 ADV FROM GOV - STUDENT LOANS 2103667 FUNDS HELD FOR CAMPUS ORGS 2338525 5555716 X 263887835 41195072 31131 689546 41915749 221972086 3409176 95336196 98745372 320717458 237640635 31131 219114 250245 237390390 3409176 95336196 98745372 336135762 Schedule D, Part II, Line 9 Conservation easements financial reporting 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 III, Line 4 Collections of art - description of collections 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 Intended uses of endowment 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental Expenses - 36167 Fundraising Expenses - 8078 Income from Butler Foundation - 645301 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 95336196 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 36167 Fundraising Expenses - 8078 Expenses from Butler Foundation - 174869 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 95336196 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY 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 PUBLICLY AVAILABLE ON BUTLER UNIVERSITY'S WEBSITE AT WWW.BUTLER.EDU/BIAS/COMMUNITY-STANDARDS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT BUTLER UNIVERSITY RECEIVES CERTAIN AMOUNTS FROM GOVERNMENTAL AGENCIES FOR SUPPORT OF ITS RESEARCH AND EDUCATIONAL PROGRAMS. true Central America and the Caribbean 0 4 Program Services EDUCATION 119307 East Asia and the Pacific 0 2 Program Services EDUCATION 85774 Europe (Including Iceland and Greenland) 0 19 Program Services EDUCATION 1149357 South America 0 1 Program Services EDUCATION 119994 Sub-Saharan Africa 0 1 Program Services EDUCATION 57833 Central America and the Caribbean 0 0 Investments N/A 201264726 0 27 0 0 0 27 202796991 0 202796991 FINANCIAL AID FOR STUDENTS East Asia and the Pacific 19 220222 SEE PART V FINANCIAL AID FOR STUDENTS Europe (Including Iceland and Greenland) 96 788427 SEE PART V FINANCIAL AID FOR STUDENTS South America 1 10000 SEE PART V true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual SOUTH AMERICA -Accrual false 0 0 0 GOLF CLASSIC 51750 37800 13950 2950 4676 400 52 0 0 51750 37800 13950 2950 4676 400 52 8078 5872 true SCHOLARSHIPS FOR STUDENTS 4506 94317547 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 false false false false false false false true false James Danko President 600000 0 215000 0 119831 0 56041 0 8727 0 999599 0 0 0 Bruce Arick VP - Finance & Admin/Asst Treas. 302595 0 0 0 0 0 30259 0 18514 0 351368 0 0 0 Claire Aigotti General Counsel/Asst Secretary 288486 0 0 0 151 0 28849 0 17914 0 335400 0 0 0 Susan Westermeyer Controller/Asst Treasurer 137613 0 3000 0 0 0 13761 0 13969 0 168343 0 0 0 Thad Matta Men's Basketball Coach 2619500 0 284 0 16256 0 33000 0 20065 0 2689105 0 0 0 Barry Collier VP and Athletics Director 383412 0 0 0 19804 0 30000 0 16358 0 449574 0 0 0 Brooke Barnett Provost/VP - Academic Affairs 332800 0 0 0 153 0 33000 0 18840 0 384793 0 0 0 Jonathan Purvis VP - Advancement 330193 0 0 0 0 0 28000 0 18826 0 377019 0 0 0 Austin Parkinson Women's Basketball Coach 304500 0 0 0 35113 0 17900 0 18840 0 376353 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel 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. Schedule J, Part I, Line 1a Travel for companions SPOUSAL TRAVEL IS PROVIDED TO THE ATHLETIC DIRECTOR, BARRY COLLIER, ON OCCASION. THE VALUE OF THIS SPOUSAL TRAVEL IS INCLUDED IN HIS TAXABLE INCOME. Schedule J, Part I, Line 1a Housing allowance or residence for personal use 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. Schedule J, Part I, Line 1a Health or social club dues or initiation fees BUTLER UNIVERSITY PAYS SOCIAL CLUB DUES FOR JAMES DANKO, BARRY COLLIER, THAD MATTA, AND AUSTIN PARKINSON. THE PERSONAL USE OF THESE DUES IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME. Schedule J, Part I, Line 7 Non-fixed payments THE BONUSES INCLUDED IN PART II, COLUMN (II) ARE PERFORMANCE-BASED BONUSES FOR 2022-23. 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 true false false B INDIANA FINANCE AUTHORITY 521698917 45506D3M5 2019-07-16 54225000 CONSTRUCTION, RENOVATIONS, REFUND LONG-TERM DEBT 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, CONSTRUCTION false false false A 4720000 19610000 26310744 296545 26014199 2015 false false true true B 7655000 54225000 23650815 471041 30103144 2022 true false true true C 700000 30330000 285573 30044427 2019 false false true true D 16930000 118116 16811884 2019 false false true true A false false true true false 0.0 false false true B false false false false 0.0 false false true C false false true true false 0.0 false false true D false true true true false 0.0 false false true A false true false false false true false B false true false false false true false C false true false false false true false D false true false false false true false A true B true C true D true Schedule K, Part IV, Line 2c COLUMN B Issuer name: INDIANA FINANCE AUTHORITY The calculation for computing no rebate due was performed on 08/04/2023 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 C INDIANA FINANCE AUTHORITY 2024-02-06 18000000 REFUND SERIES 2014 BONDS false false false A 32322066 322066 32000000 2023 false false true true B 11755000 38895000 38690000 205000 38690000 2022 true false true true C 18000000 17738022 261978 17738022 2024 true false true true A false false false false 0.0 false false true B false false true true false 0.0071 0.0243 0.0314 false false true C false false true true false 0.0 false false true A false true false false false true false B false true false false false true false C false true false false false true false A true B true C true NA N/A 69490 ACADEMIC SCHOLARSHIPS ACADEMIC SCHOLARSHIPS BETHANIE DANKO FAMILY MEMBER OF PRESIDENT 63457 EMPLOYMENT false X 1 30500 Other - APPRAISAL VALUE X 1 171694 Cost X 72 3117657 Other - STOCK QUOTE X PRIZES 7 30440 Cost X BANNERS/SIGNS 1 4538 Market value X EQUIPMENT 7 31072 Cost X FOOD/BEVERAGE 1 414 Cost X ATHLETIC SUPPLIES 2 3178 Cost X INSTRUCTIONAL MATERIALS 3 7553 Cost 1 false true false Schedule M, Part I 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 $200,747 RECEIVED WERE PLEDGE PAYMENTS THAT WERE RECORDED AS REVENUE ON PART VIII OF THE FORM 990 IN A PREVIOUS YEAR. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c 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, Line 15a Process to establish compensation of top management official 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 2024. COMPENSATION REVIEW OF OTHER OFFICERS WAS CONDUCTED AS PART OF THE ANNUAL PERFORMANCE REVIEW PROCESS. Form 990, Part VI, Line 15b Process to establish compensation of other employees SAME AS FORM 990, PART VI, LINE 15A ABOVE. Form 990, Part VI, Line 19 Required documents available to the public 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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