2025-04-15T14:27:42-05:00 2024-05-31 481292483 HENJES CONNER & WILLIAMS PC PO BOX 1937 DAKOTA DUNES SD 57049 990 2023-06-01 420680400 MORNINGSIDE UNIVERSITY MORN 7122745000 1501 MORNINGSIDE AVENUE SIOUX CITY IA 511061717 JEANETTE FREY VP FOR BUSINESS & FINANCE 7122745142 2025-04-13 1 0 MICHAEL T TRAMP P00121903 6052423900 2025-04-09 2023 2025-03-06 01:10:19Z ALBERT MOSLEY 4405 OLD LAKEPORT RD SIOUX CITY IA 51106 86695901 0 X WWW.MORNINGSIDE.EDU X 1894 IA MORNINGSIDE UNIVERSITY IS A 4 YEAR PRIVATE UNIVERSITY, THAT PROVIDES A LIBERAL ARTS EDUCATION TO FULL AND PART-TIME STUDENTS, INCLUDING CO-CURRICULAR ACTIVITIES (RESIDENCE HALLS, DINING, BOOKSTORE). 39 37 1060 140 0 10840 4428471 7996812 54984524 56324410 2024008 2675902 1959835 574899 63396838 67572023 22518071 24147661 0 0 23560495 23173908 0 0 1493168 18287430 18489489 64365996 65811058 -969158 1760965 130042467 135355394 30101836 27736437 99940631 107618957 THE MORNINGSIDE UNIVERSITY EXPERIENCE CULTIVATES A PASSION FOR LIFE-LONG LEARNING AND A DEDICATION TO ETHICAL LEADERSHIP AND CIVIC RESPONSIBILITY. 0 0 46775816 24147661 47029665 PROVIDES GRADUATE AND UNDER GRADUATE CLASSES FOR STUDENTS. 3218934 4179089 PROVIDES RESIDENCE HALL (LIVING QUARTERS) FOR FULL TIME UNDER GRADUATE STUDENTS. 3086195 3888818 PROVIDE FOOD SERVICE (CAFETERIA) FOR STUDENTS. 2668048 1576010 2668048 1576010 55748993 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 95 0 1 1060 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 39 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEANETTE FREY 7122745000 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 JODI BACON DIRECTOR 0.50 X 0 0 0 RENEE BEAULIEU DIRECTOR 0.50 X 0 0 0 MICHAEL BENNETT DIRECTOR 0.50 X 0 0 0 CHAD BENSON DIRECTOR 0.50 X 0 0 0 KENNETHA BIGHAM-TSAI DIRECTOR 0.50 X 0 0 0 CHRIS BOGENRIEF DIRECTOR 0.50 X 0 0 0 J ROBERT BURKHART DIRECTOR 0.50 X 0 0 0 RON CARLSON DIRECTOR 0.50 X 0 0 0 CY CHESTERMAN JR DIRECTOR 0.50 X 0 0 0 DAN COX DIRECTOR 0.50 X 0 0 0 MEREDITH DAVIS LANG DIRECTOR 0.50 X 0 0 0 ROSA DIAZ DIRECTOR 0.50 X 0 0 0 CLEOPHUS FRANKLIN DIRECTOR 0.50 X 0 0 0 DAN HENDERSON DIRECTOR 0.50 X 0 0 0 SCOTT KERKHOFF DIRECTOR 0.50 X 0 0 0 DEBORAH KIESEY DIRECTOR 0.50 X 0 0 0 NOLAN LUBARSKI DIRECTOR 0.50 X 0 0 0 ESTHER MACKINTOSH DIRECTOR 0.50 X 0 0 0 TIM MCCABE DIRECTOR 0.50 X 0 0 0 THOMAS NARAK DIRECTOR 0.50 X 0 0 0 TARAH NOLAN DIRECTOR 0.50 X 0 0 0 MARTIN PALMER DIRECTOR 0.50 X 0 0 0 MARK PORTER DIRECTOR 0.50 X 0 0 0 KHALID RASHEED DIRECTOR 0.50 X 0 0 0 CORY ROBERTS DIRECTOR 0.50 X 0 0 0 ROBBIE ROHLENA DIRECTOR 0.50 X 0 0 0 THOMAS ROSEN DIRECTOR 0.50 X 0 0 0 RAY SCOTT DIRECTOR 0.50 X 0 0 0 MIA SUDO DIRECTOR 0.50 X 0 0 0 ERICA THEIN DIRECTOR 0.50 X 0 0 0 JAMES WALKER DIRECTOR 0.50 X 0 0 0 RICHARD WALLER DIRECTOR 0.50 X 0 0 0 CAROL WERNER DIRECTOR 0.50 X 0 0 0 CURTIS WHITE DIRECTOR 0.50 X 0 0 0 BRIAN JOHNSON ALUMNI REPRESENTATIVE 0.50 X 0 0 0 KIMBERLY CHRISTOPHERSON FACULTY REPRESENTATIVE 0.50 X 0 0 0 CALEB LUBBERS STUDENT REPRESENTATIVE 0.50 X 0 0 0 ALBERT MOSLEY PRESIDENT 40.00 X 298945 0 38138 PAUL TREFT VP BUSINESS & FINANCE 40.00 X 128239 0 18865 CHRISTOPHER SPICER PROVOST & VP ACADEMIC AFFAIRS 40.00 X 171270 0 21989 TERRI CURRY VP STUDENT LIFE/ENROLLMENT 40.00 X 163877 0 24219 JACKLYN BARBER DEAN OF NURSING 40.00 X 192066 0 42368 PAUL ERBES VP INSTITUTIONAL ADVANCEMENT 40.00 X 164017 0 11155 MARK LUMSDEN VP INFORMATION TECH & CHIEF INFO OFFICER 40.00 X 153043 0 22068 DARRELL SANDALL DEAN OF SCHOOL OF BUSINESS 40.00 X 150441 0 23911 ERIN EDLUND VP FOR UNIVERSITY ENGAGEMENT 40.00 X 141875 0 24860 1563773 0 227573 17 0 1 0 SODEXO INC 9801 WASHINGONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2876054 LEE'S ROOFING LLC 33516 GROUSE AVE SIOUX CITY IA 51108 ROOFING CONTRACTOR 179091 MCALLISTER & QUINN LLC 1625 EYE ST NW SUITE 750 WASHINGTON DC 20006 CONSULTANT 109538 3 1661365 6335447 2135266 7996812 TUITION AND FEES 611310 47029665 47029665 RESIDENCE HALLS 611710 4179089 4179089 FOOD SERVICE 722514 3888818 3888818 MISCELLANEOUS INCOME 900099 685997 685997 BOOKSTORE SALES 459210 396354 396354 144487 144487 56324410 1821514 1821514 365828 140101 225727 225727 225727 19838165 18983777 854388 854388 854388 FARM VALUE ADJUSTED TO FMV 900099 338599 338599 PRESENT VALUE ADJUSTMENT 900099 10573 10573 349172 67572023 56673582 0 2901629 24147661 24147661 762331 335147 427184 17502892 13827285 2931734 743873 394056 295542 82752 15762 3258226 2443670 684227 130329 1256403 942302 263845 50256 536986 536986 19762 13636 5336 790 83424 83424 307693 215385 80000 12308 225781 225781 118431 82902 30792 4737 652722 430797 156653 65272 2035339 1424737 529188 81414 941012 611658 141152 188202 91702 59607 18340 13755 1206486 796281 410205 2883109 1960514 836102 86493 455514 296084 141209 18221 AUXILIARY EXPENSES 4750932 3800746 950186 GRANT EXPENSES 1215537 1093983 121554 ATHLETICS EXPENSES 860522 688418 172104 MISCELLANEOUS EXPENSES 784460 553798 173696 56966 1320077 966073 329214 24790 65811058 55748993 8568897 1493168 4697 4967 2155312 3241977 1493395 1706916 1153430 997076 2159206 2063022 141565 200640 41091 25143 104285582 56684216 50109379 47601366 44459046 48664703 26888643 29486736 1436703 1362848 130042467 135355394 1754433 1585403 400000 300000 23570000 22105000 361687 382648 44930 973533 770204 3042183 2548252 30101836 27736437 X 53625254 54305520 46315377 53313437 99940631 107618957 130042467 135355394 1760965 5917361 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 389 389 0 PART II-B, LINE 1: THE UNIVERSITY IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. 8% OF THE UNIVERSITY'S MEMBERSHIP DUES ARE DIRECTED TO LOBBYING ACTIVITIES PERFORMED BY THE NAICU. 1003685 X 0 0 361687 20961 382648 1 X 57301893 3021879 6870244 1265434 1527566 100000 64301016 59589258 751513 1618565 1117676 3439767 100000 57301893 57259474 5302041 -549257 981100 1341900 100000 59589258 46411007 268531 12907936 1141307 1086693 100000 57259474 45502931 1471760 2585316 756308 2292692 100000 46411007 0.26450 0.64380 0.09170 1 0 10936252 10936252 75954860 42180064 33774796 15062970 13977274 1085696 2331500 526878 1804622 47601366 ALTERNATIVE FUNDS 13518312 F SHORT TERM INVESTMENTS 4722024 F REAL ESTATE - FARMS 10343039 F REAL ESTATE - RESIDENTIAL 902307 C OTHER 1054 F 29486736 ACTUARIAL LIABILITIES FOR ANNUITIES 223253 US GOVERNMENT LOAN FUNDS REFUNDABLE 384550 OTHER LIABILITIES 1940449 2548252 X 49034030 5917361 5917361 43116669 24455354 24455354 67572023 41355704 0 41355704 24455354 24455354 65811058 PART III, LINE 4: THE MORNINGSIDE UNIVERSITY ART COLLECTION IS HOUSED IN THE LEVITT ART GALLERY AND SERVES A PURPOSE SIMILAR TO LIBRARY COLLECTIONS. THE VISUAL LIBRARY PROVIDES STUDENTS WITH PRIMARY VISUAL RESOURCES THAT THEY USE IN ASSIGNMENTS FROM BOTH ART AND NON-ART COURSES. STUDENTS IN STUDIO COURSES INVESTIGATE THE VISUAL TECHNICAL AND METHODOLOGIES OF THE PIECES. STUDENTS IN ART HISTORY AND OTHER HUMANITIES COURSES STUDY THE VISUAL CONCEPT AND STYLE IN A CONTEXTUAL RELATIONSHIP WITH HUMAN HISTORY. THE ART COLLECTION CONSISTS OF PAINTINGS, PRINTS, AND SCUPTURES. THE MOST VALUABLE PIECES ARE TWO PAINTINGS BY RUFINO TAMAYO AND ONE BY GEORGE WINTER. PART IV, LINE 2B: THE AMOUNT ON PART X, LINE 21 CONSISTS OF ENROLLMENT DEPOSITS AND STUDENT ACCOUNTS WITH CREDIT BALANCES. PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO SUPPORT THE ONGOING OPERATIONS OF THE UNIVERSITY INCLUDING PROVIDING SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT ANY UNCERTAIN TAX POSITIONS WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE OPERATING STATEMENT OR ACCRUED IN THE BALANCE SHEET. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID INVESTMENT EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID INVESTMENT EXPENSES PART XI, LINE 4B AND PART XII, LINE 4B INSTITUTIONAL SCHOLARSHIPS AND GRANTS AWARDED TO STUDENTS ARE CLASSIFIED AS AN EXPENSE. INVESTMENT EXPENSES WHICH WERE NETTED WITH INVESTMENT INCOME IS RECLASSIFIED AS AN EXPENSE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF THE NONDISCRIMINATORY POLICY AS TO STUDENTS IS PUBLISHED ON THE UNIVERSITY'S WEBSITE. THE NONDISCRIMINATORY POLICY IS ALSO PUBLISHED IN THE STUDENT CATALOG AND OTHER PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PASSES THROUGH ASSISTANCE (FEDERAL & STATE) TO ELIGIBLE STUDENTS. 1 ACTIVITY GRANTS 715 3328515 ACADEMIC SCHOLARSHIPS & NON-NEED BASED GRANTS 1086 18808838 DEPARTMENT GRANTS 163 744872 ENDOWED SCHOLARSHIPS 256 1265434 PART I, LINE 2: GRANT FUNDS ARE MONITORED THROUGH AN ELECTRONIC PACKAGING PROGRAM FOR ALL STUDENTS. THE ELECTRONIC PROGRAM DETERMINES ELIGIBILITY FOR FEDERAL, STATE, AND INSTITUTIONAL GRANT FUNDING AGAINST A SERIES OF PREESTABLISHED CRITERIA. ONCE THE PROGRAM DETERMINES EACH STUDENT'S ELIGIBILITY FOR FEDERAL, STATE, AND INSTITUTIONAL GRANT FUNDING THEN AID IS AWARDED. THE INFORMATION IS ALSO CHECKED BY A MEMBER OF THE STUDENT FINANICAL PLANNING STAFF. X X X X 0 1 X X X X X 0 0 0 0 0 0 0 1 0 ALBERT MOSLEY PRESIDENT 265602 0 25000 0 8343 0 8235 0 59903 0 367083 0 0 0 JACKLYN BARBER DEAN OF NURSING 189176 0 2500 0 390 0 5419 0 36949 0 234434 0 0 0 CHRISTOPHER SPICER PROVOST & VP ACADEMIC AFFAIRS 170124 0 0 0 1146 0 7438 0 14551 0 193259 0 0 0 TERRI CURRY VP STUDENT LIFE/ENROLLMENT 152848 0 0 0 11029 0 9850 0 14369 0 188096 0 0 0 PAUL ERBES VP INSTITUTIONAL ADVANCEMENT 157610 0 5000 0 1407 0 4800 0 6355 0 175172 0 0 0 MARK LUMSDEN VP INFORMATION TECH & CHIEF INFO OFF 152063 0 0 0 980 0 400 0 21668 0 175111 0 0 0 DARRELL SANDALL DEAN OF SCHOOL OF BUSINESS 145597 0 0 0 4844 0 4413 0 19498 0 174352 0 0 0 ERIN EDLUND VP FOR UNIVERSITY ENGAGEMENT 129824 0 0 0 12051 0 10471 0 14389 0 166735 0 0 0 PART I, LINE 1A THE UNIVERSITY DOES PROVIDE TRAVEL FOR THE PRESIDENT'S SPOUSE TO EVENTS THE PRESIDENT IS ATTENDING. TRAVEL FOR VP'S SPOUSES IS ALSO ALLOWED BY APPROVAL OF THE PRESIDENT WHEN SUCH TRAVEL IS DEEMED TO PROVIDE BENEFITS TO THE UNIVERSITY. A UNIVERSITY OWNED HOUSE IS PROVIDED TO THE PRESIDENT FOR HIS RESIDENCE. A NUMBER OF UNIVERSITY FUNCTIONS ARE CONDUCTED AT HIS RESIDENCE. HOUSE KEEPING SERVICES ARE ALSO PROVIDED FOR THE RESIDENCE. DUES TO A COUNTRY CLUB MEMBER ARE ALSO PAID BY THE UNIVERSITY AND NUMEROUS UNIVERSITY EVENTS ARE HELD AT THE COUNTRY CLUB. PART I, LINE 1B THE EXPLANATION FOR THIS LINE IS THE SAME AS LINE 1A, WHICH IS ABOVE. PART I, LINE 7 INCENTIVE BONUSES ARE PAID TO THE PRESIDENT AND VICE PRESIDENT'S UPON APPROVAL BY THE BOARD COMPENSATION COMMITTEE. BONUSES ARE BASED UPON GOAL ATTAINMENT AND OTHER PERFORMANCE REVIEW CRITERIA. THE PRESIDENT'S ANNUAL BONUS IS BASED UPON A PERFORMANCE CONTRACT. THE VICE PRESIDENT BONUS AMOUNTS ARE DETERMINED BY THE UNIVERSITY PRESIDENT AND APPROVED BY THE COMPENSATION COMMITTEE. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2013-07-16 19250000 CONSTRUCTION AND EQUIPMENT 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2014-12-23 24010000 CONSTRUCTION AND REFINANCE 0 0 0 A 6408348 19253348 104466 19148882 2014 0 0 1 1 B 14750905 24010905 190517 12810388 11010000 2015 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 X 17 2135266 AVG MARKET VALUE 0 1 1 PART I, LINE 32B: THE UNIVERSITY SELLS MARKETABLE SECURITIES THAT IT RECEIVES AS CONTRIBUTIONS. A REGISTERED BROKER IS USED TO PROCESS THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF DIRECTORS OF MORNINGSIDE UNIVERSITY THAT THE BOARD AUDIT COMMITTEE SHALL REVIEW THE INTERNAL REVENUE SERVICE (IRS) FORM 990 PRIOR TO THE FILING WITH THE IRS. ONCE THE AUDIT COMMITTEE HAS REVIEWED THE FORM 990, A COPY SHALL BE MADE AVAILABLE TO ALL BOARD MEMBERS. IT IS LOCATED ON THE BOARD PORTAL WEB PAGE. BOARD MEMBERS WHO HAVE COMMENTS OR REVISIONS TO THE 990 SHALL SUBMIT THESE COMMENTS OR REVISIONS IN WRITING TO THE CHAIR OF THE AUDIT COMMITTEE NO LATER THAN 10 DAYS AFTER IT WAS MADE AVAILABLE TO THEM. THE CHAIR OF THE AUDIT COMMITTEE SHALL REVIEW THESE WITH THE VP FOR BUSINESS & FINANCE TO DETERMINE IF CHANGES ARE NECESSARY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM. THE FORMS ARE COMPILED BY THE PRESIDENT'S ADMINISTRATIVE ASSISTANT AND REVIEWED BY THE BOARD CHAIR. POTENTIAL CONFLICTS OF INTEREST ARE ADDRESSED BY THE BOARD CHAIR AND REVIEWED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS BASED UPON TERMS OF AN EMPLOYMENT CONTRACT. THE BOARD COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PERFORMANCE AND SALARY LEVEL. THE REVIEW INCLUDES INTERVIEWS WITH FACULTY, STAFF, AND STUDENTS. THE SALARY IS COMPARED TO UNIVERSITIES AND COLLEGES IN THE UNIVERSITY'S ASPIRANT GROUP AND OTHER PRIVATE UNIVERSITY AND COLLEGE PRESIDENTS AS REPORTED IN THE NATIONAL AND STATE SURVEYS. THE EXTERNAL AUDITOR ALSO REVIEWS THE INFORMATION WITH THE AUDIT COMMITTEE. COMPENSATION OF THE VICE PRESIDENTS (VP FOR BUSINESS & FINANCE, PROVOST, VP FOR STUDENT LIFE/ENROLLMENT, VP FOR INSTITUTIONAL ADVANCEMENT, AND VP FOR MARKETING & COMMUNICATION) IS BASED ON INDIVIDUAL PERFORMANCES AND COMPARISON OF PEER GROUP SALARY LEVELS FOR COMPARABLE POSITIONS. THE PRESIDENT PREPARES THE ANNUAL EVALUATION WITH INPUT FROM FACULTY SENATE AND PRESENTS COMPENSATION RECOMMENDATIONS TO THE BOARD COMPENSATION COMMITTEE FOR THEIR APPROVAL. THE COMPENSATION AND COMPARISON DATA IS ALSO PRESENTED TO THE UNIVERSITY'S EXTERNAL AUDITORS FOR THEIR REVIEW. THE EXTERNAL AUDITOR REVIEWS THE INFORMATION WITH THE BOARD AUDIT COMMITTEE. THE COMPENSATION COMMITTEE MEETS ANNUALLY AND THE AUDIT COMMITTEE MEETS ANNUALLY IN SEPTEMBER OR OCTOBER. FOR THIS TAX YEAR, THE AUDIT COMMITTEE MET ON APRIL 5, 2024. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAINTAINS DOCUMENTS FOR PUBLIC INSPECTION AT THE UNIVERSITY'S LEARNING CENTER. THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE UNIVERSITY HAS NOT CHANGED ITS OVERSIGHT PROCESS OF THE FINANCIAL AUDIT DURING THE TAX YEAR.