2024-10-14T17:49:40-05:00 2024-06-30 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-07-01 450231180 University of Jamestown UNIV 7012523467 6088 College Lane Jamestown ND 58405 Kresha Wiest CFO 7012523467 2024-10-14 1 1 Lisa Chaffee CPA P00193453 7012551091 2024-10-04 2023 2024-10-15 13:58:12Z Jamestown College Polly Peterson 6088 College Lane Jamestown ND 58405 68270600 0 X www.uj.edu X 1883 ND Education 31 30 767 50 3284 0 13907496 21622586 32373815 33711288 1111869 3787192 352251 360275 47745431 59481341 13120826 13474808 0 0 17582814 18796339 0 0 1435108 13610180 14371841 44313820 46642988 3431611 12838353 117005425 132718516 32290948 33114404 84714477 99604112 X University of Jamestown is a community dedicated to the development of wholeness in our students. We adhere to a curriculum of academic excellence which balances the ideals of the liberal arts tradition and sound professional preparation. Our Christian tradition encourages an atmosphere of self-discipline, responsibility and concern for continuing growth of the individual. 1 0 11267730 27090123 University of Jamestown is a residential, independent, four-year, coeducational, Liberal Arts College related to the Presbyterian Church (U.S.A.). The University was chartered in 1884. The first classes began in September 1886. Throughout its more than 100-year history, the University of Jamestown has consistently stood for academic excellence and Christian principles in all that it does. The University offers Bachelor of Arts and Bachelor of Science degrees in 46 major areas of study, as well as 41 minors and 5 pre-professional programs. The University expanded its offerings and began a doctoral program in 2013 and masters programs in 2015. The University again expanded its offerings in 2022 to include online certificate programs. University of Jamestown has been a continuous accredited member of the North Central Association since 1920.Post-Secondary Education: Instruction - Academic programs with approximately 1100 FTE students enrolled. Bachelor of Arts, Bachelor of Science, masters and doctoral degrees are awarded by the Institution. 13474808 13474808 Post-Secondary Education: Student Aid - Institutional scholarships and work programs offered to students. Aid is awarded both based upon need and scholastic achievement. 10834190 135168 Post-Secondary Education: General Administrative Support - Physical plant, general institution and administrative support. 7129559 6485997 Post-Secondary Education: Auxiliary Enterprises - Student housing, food services, and bookstore. Post-Secondary Education: Student Services - Counseling, financial aid, registrar, recruiting and academic assistance. Post-Secondary Education: Other Sponsored Programs - Athletics, choir, band. Post-Secondary Education: Library - Provide educational support via books, publications, periodicals, multimedia, and through other means to academic departments and students. 7129559 6485997 42706287 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1705 1 1 767 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tonya McIlonie Sletto 7012523467 6088 College Lane Jamestown ND 58405 Jim Unruh Chairman (July-Oct) 3.00 0.10 X X 0 0 0 Todd Steinwand -1st Vice Chair (Jul-Oct)/Chairman starting Oct 3.00 0.10 X X 0 0 0 Shane Berg - Trustee Jul-Oct 1st Vice Chair starting Oct 2.00 0.10 X X 0 0 0 Jo-Ida Hansen - 2nd Vice Chair (Jul-Oct)/Trustee starting Oct 2.00 0.10 X X 0 0 0 Steve Bietz - Trustee Jul-Oct 2nd Vice Chair starting Oct 2.00 0.10 X X 0 0 0 Alan Berg Trustee 1.00 0.10 X 0 0 0 William Bernhagen Trustee 1.00 0.10 X 0 0 0 David Evinger Trustee 1.00 0.10 X 0 0 0 Kelly Krein Trustee 1.00 0.10 X 0 0 0 Alan Lindberg Trustee 1.00 0.10 X 0 0 0 Virgil Miedema Trustee 1.00 0.10 X 0 0 0 Robert Piatz Trustee 1.00 0.10 X 0 0 0 Sandi Piatz Trustee 1.00 0.10 X 0 0 0 Jasper Schneider Trustee 1.00 0.10 X 0 0 0 Peggy Foss Trustee 1.00 0.10 X 0 0 0 Brian Johnson Trustee 1.00 0.10 X 0 0 0 Jim Johnson Trustee 1.00 0.10 X 0 0 0 Jill Seibold Sisk Trustee 1.00 0.10 X 0 0 0 Paul Sukut Trustee 1.00 0.10 X 0 0 0 Terry Wanzek Trustee 1.00 0.10 X 0 0 0 Mark Wolf Trustee 1.00 0.10 X 0 0 0 Jeff Young Trustee 1.00 0.10 X 0 0 0 Richard Hall Trustee 1.00 0.10 X 0 0 0 David Haukaas Trustee 1.00 0.10 X 0 0 0 Bart Holaday Trustee 1.00 0.10 X 0 0 0 Larry Langemo Trustee 1.00 0.10 X 0 0 0 Robert McLennan Trustee 1.00 0.10 X 0 0 0 David Muhs Trustee 1.00 0.10 X 0 0 0 Kari Newman Ness Trustee 1.00 0.10 X 0 0 0 Sheryl Ramstad Trustee 1.00 0.10 X 0 0 0 Marybeth Hegstad Ex Officio Trustee 1.00 0.10 X 0 0 0 Polly Peterson President 40.00 0.10 X X 309376 0 34290 Kresha Wiest Chief Financial Officer 40.00 0.10 X 133852 0 6693 Paul Olson Provost 40.00 0.00 X 148540 0 17674 Kristin Lefebvre Program Director 40.00 0.00 X 140700 0 7035 Greg Ulland Vice President 40.00 0.00 X 136980 0 12795 Sara Voorhees Program Director 40.00 0.00 X 127451 0 16620 Chris Hoke Chief Information Officer 40.00 0.00 X 117983 0 16146 1114882 0 111253 15 0 1 0 Sodexo 6014 College Lane Jamestown ND 58405 Food service provider 2577479 Hillerud Construction Inc 1008 2nd Ave SE Jamestown ND 58401 Construction 2303685 Jenzabar PO Box 55018 Boston MA 02205 Software maintenance 333341 Scherbenske Inc 2511 17th St SE Jamestown ND 58401 Construction 247566 Marco PO Box 1450 Minneapolis MN 554857128 Printing as a service 240485 6 73949 467252 21081385 7539979 21622586 Tuition & Fees 611600 27090123 27090123 Auxillary Income 611710 6485997 6485997 Federal Aid Reimb 611600 22514 22514 Student Loan Interest 611600 4152 4152 108502 105218 3284 33711288 1439355 1439355 185727 185727 261990 0 261990 261990 261990 9835768 1113228 7396159 1205000 2439609 -91772 2347837 2347837 100658 73949 188100 -87442 -87442 59481341 33708004 3284 4147467 13474808 13474808 508926 119976 268974 119976 14951886 13522570 786638 642678 515467 470826 23818 20823 1840133 1644179 111260 84694 979927 866688 65489 47750 48285 48285 58152 58152 136035 136035 704495 457710 246785 1201325 1044382 41059 115884 812370 807968 2201 2201 2385925 2382460 1144 2321 301065 196673 24004 80388 59191 59191 720751 720751 2309402 2286818 15056 7528 Contract Food Services 2014042 2014042 Athletics/Music Program 1633416 1571855 61561 Repair & Maintenance 1283951 1276005 5297 2649 Auxiliary Cost of Goods 223855 223855 479581 345472 134239 -130 46642988 42706287 2501593 1435108 17409 17558 5179787 8351245 200 6380068 475567 1218174 775000 875000 207647 264171 108556 99024 88291422 41829068 45014289 46462354 15435 5948 45015088 48025346 224777 176256 19971670 20843372 117005425 132718516 1569877 2558794 165135 104759 1512905 1494349 3700001 3700000 399690 225768 4299416 3746682 20643924 21284052 32290948 33114404 X 37513198 35591983 47201279 64012129 84714477 99604112 117005425 132718516 X 12838353 1683423 367859 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 42706287 42706287 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 7430 36000 43430 250000 250000 250000 250000 1000000 1500000 0 1 X 43067774 841173 5380473 2936801 559278 136035 45657306 39250694 2331710 4553333 2437604 489437 140922 43067774 45874411 1187035 -5046608 2294973 312104 157067 39250694 37527825 453888 10715947 2234293 445717 143239 45874411 38953004 842458 599350 2389659 338233 139095 37527825 0.11370 0.84120 0.04510 1 0 573395 3476293 4049688 68820655 29566387 39254268 7910117 7288738 621379 7510962 4973943 2537019 46462354 Held in Trust 48025346 F 48025346 Interest Receivable 3920 Cash Surrender Value of Life Insurance 160397 Reward Loans 3586 Related Party Receivable 10582 Right to Use Assets 20664887 20843372 Annuities Payable 616722 Leases Payable 2261331 Related Party Lease Payable 18405999 21284052 X Part IV, Line 2b: University of Jamestown chartered clubs, student academic associations, and approved faculty and staff associations have established agency accounts. Part V, Line 4: Endowment Funds are to be invested according to the Board approved Investment Policy Statement. Distributions from the fund are also made according the Investment Policy Statement and used for the purposes set by the donors, including items such as scholarships, facility maintenance and programs. Part X, Line 2: Management believes that each entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The University would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 University of Jamestown employs direct mail in the solicitation for students. Written communications used in the solicitation process include a statement of the University of Jamestown nondiscriminatory policy. Further, written communications used in the application process include the statement of our nondiscriminatory policy. Schedule E, Part I, Line 6 University of Jamestown receives federal funding. The major program was the Student Financial Aid cluster consisting of: Federal Pell Grant Program, Federal Work Study Program, FSEOG Program, Perkins Loan Program, Federal Direct Student Loan Program, and Parents Loans for Undergraduate Students Loan Program. Dine & Bid 108037 68449 39588 19450 56904 34039 16146 Jimmie Scramble 66570 5500 61070 61561 174607 73949 100658 19450 56904 34039 77707 188100 -87442 1 Merit Scholarships 663 2249112 Athletic Scholarships 584 7546801 Tuition Waivers 173 1422663 Fine Art Scholarships 112 245751 Other Scholarships 700 2010481 Part I, Line 2: Scholarships are awarded to students based upon criteria such as need, area of study, grade point average, among others, as established by scholarship documents and donor restrictions. Scholarships are applied to the students' accounts to help cover the costs of tuition, room, and board. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Polly Peterson President 309376 0 0 0 0 0 15469 0 18851 0 343696 0 0 0 Paul Olson Provost 148540 0 0 0 0 0 7427 0 10277 0 166244 0 0 0 Part I, Line 1a The President receives a housing allowance which is properly reported as taxable income on the W-2. A Stutsman County North Dakota 456002244 000000000 2021-12-16 3700000 Refund tax exempt bonds issued 11/14/2016. 0 0 0 A 3700000 3700000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 Schedule K, Part II, Line 1: The amounts on line 1 represent the amount of principal reduction of the underlying note payable to the financial institution rather than actual retirement of bonds in the issue. 7750 Scholarships Education - Financial Assistance Part III, Column d: One related student received various scholarships including merit, fine arts, athletic, and other types. X 1 600 Comparable Sales X 15 7474749 Hi-Lo Avg MV-Gift DT X 3 1006 Comparable Sales X Items for charitable auction 101 47126 Cost X Equipment - Bench 1 16498 Cost 0 0 1 1 Part I, Column (b): Part I, Item (b) represents number of contributions. Part I, Line 32b: Brokers are engaged to sell securities. Form 990, Part III, line 2 PhD in Clinical Research Form 990, Part VI, Section A, line 1a Committees Acting on Behalf of Board: From time to time the Board of Trustees will authorize subcommittees of the board to act on their behalf. These committees are always composed of members of the governing body. The authority varies as granted by the board. Form 990, Part VI, Section A, line 2 Sandi Piatz and Robert Piatz - Family Relationship Form 990, Part VI, Section B, line 11b Form 990 Review: A copy of the full Form 990 will be distributed to the full board for their review and comment prior to filing with the IRS. The full board has also delegated authority to review and approve the Form 990 to the Audit and Finance Committee, which is comprised of current board members. A final version of the full Form 990 is submitted to this committee for review and approval before filing with the IRS. Form 990, Part VI, Section B, line 12c It is the policy of University of Jamestown that no Trustee or committee member, or their family members, should derive any personal profit or gain, directly of indirectly, by reason of his or her association with University of Jamestown. Each shall disclose to the Board any personal interest which he or she, or any family member may have in any matter pending before the Board or Board Committee. Any Trustee who is uncertain about a possible conflict of interest in any matter may request the Executive Committee for an advance determination whether a conflict of interest exists. Disclosure statements shall be submitted annually to the Chair of the Board of Trustees, who with the President shall be responsible for the administration of the policy. A Trustee, Board Committee member or officer who has declared or been found to have a conflict of interest in any proposed action or matter shall refrain from participating in consideration except to provide information as requested by a Trustee. He or she shall not vote on the matter and, if so requested by the Chair or any Trustee, shall not be present at the time of discussion and/or vote. Form 990, Part VI, Section B, line 15 Compensation Process: Annually, the Independent Personnel Committee reviews compensation and submits recommended changes to the full Board for approval. The committee uses various peer and industry surveys for comparability data, including College and University Professionals Association Human Resources information. The recommended changes and approval are documented in the board meeting minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: (Increase) Decrease in CSV -1,484. Actuarial gain (loss) on annuity obligations 125,554. Change in value of split interest agreements 243,789. Jamestown College Foundation 6082 College Lane Jamestown ND 58405 363447067 Support of University of Jamestown ND 501(c)(3) Line 12a, I University of Jamestown 1 Perpetual Trusts (2) Charitable Trust ND N/A T 1 Perpetual Trust (1) Charitable Trust IN N/A T 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 Jamestown College Foundation K 919805 Accrual Accting