2025-05-02T15:22:24-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-07-01 362166962 AUGUSTANA COLLEGE AUGU 3097947499 639 38TH STREET ROCK ISLAND IL 61201 KIRK ANDERSON CFO & VP FOR FINANCE & ADMIN 3097947203 2025-05-15 1 1 SARAH HINTZ P00492291 3037795710 2025-04-30 2023 2025-03-06 01:10:19Z KIRK ANDERSON 639 38TH STREET ROCK ISLAND IL 61201 206118884 0 X WWW.AUGUSTANA.EDU X 1860 IL OFFER A CHALLENGING EDUCATION THAT DEVELOPS THE QUALITIES OF MIND, SPIRIT AND BODY FOR STUDENTS. 37 36 2223 250 173734 126734 14073874 17133506 131611596 143598020 8004914 9080458 244597 159333 153934981 169971317 71220765 77170895 0 0 47092017 47234899 119307 99458 1431516 32796746 37173495 151228835 161678747 2706146 8292570 398245287 420585388 45573900 43151446 352671387 377433942 X ROOTED IN THE LIBERAL ARTS & SCIENCES & LUTHERAN EXPRESSION OF THE CHRISTIAN FAITH, & IS COMMITTED TO OFFERING A CHALLENGING EDUCATION THAT DEVELOPS QUALITIES OF MIND, SPIRIT, & BODY NECESSARY FOR A REWARDING LIFE OF LEADERSHIP & SERVICE IN A DIVERSE & CHANGING WORLD. 0 0 107245222 77170895 115769424 HIGHER EDUCATION: INSTRUCTION - INCLUDES 73 ACADEMIC MAJORS, FOREIGN STUDY PROGRAMS, HONORS PROGRAMS, AND OTHER EDUCATIONAL RELATED DEPARTMENTS SERVICING APPROXIMATELY 2,500 TOTAL STUDENTS AND STAFFED BY APPROXIMATELY 300 FACULTY MEMBERS. 13967772 0 2162375 HIGHER EDUCATION: ACADEMIC SUPPORT - INCLUDES LIBRARY SUPPORT OF 160,000 TOTAL VOLUMES, AUDIOVISUAL MATERIALS AND EQUIPMENT, ART EXHIBITS, JAZZ, THEATER, BAND, CHOIR, INTERCOLLEGIATE ATHLETICS, AND RELATED ACTIVITIES SERVICING THE STUDENT AND THE COMMUNITY. 12962208 0 21914856 HIGHER EDUCATION: AUXILIARY ENTERPRISES - SERVES THE STUDENT COMMUNITY BY SELLING TEXTBOOKS AND OTHER INSTRUCTIONAL MATERIALS AND SUPPLIES, AND PROVIDES MEAL SERVICE AND HOUSING. 11193301 0 3715897 HIGHER EDUCATION: STUDENT SERVICES - SERVES THE STUDENT COMMUNITY BY PROVIDING REGISTRATION ASSISTANCE, COUNSELING, CAREER PLANNING, INTERNSHIPS, FINANCIAL ASSISTANCE, MULTICULTURAL PROGRAMMING, ORIENTATION AND ADVISING, INTRAMURAL SPORTS, AND OTHER RELATED PROGRAMS.HIGHER EDUCATION: PUBLIC SERVICES - INCLUDES A CENTER FOR COMMUNICATIVE DISORDERS, ART PROGRAMS, ALUMNI PROGRAMS, COMMUNITY SERVICE AND A NATIONAL PUBLIC RADIO STATION SERVING THE STUDENTS AND COMMUNITY.HIGHER EDUCATION: RESEARCH - SUPPORTS EXTENSIVE OPPORTUNITIES FOR STUDENTS AND FACULTY TO CONDUCT RESEARCH ON AND OFF CAMPUS. 11193301 0 3715897 145368503 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2877 0 1 2223 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT DC FL GA HI IL IN LA MA MD ME MI MN MO NC NH NY OR SC VA WA WI X KIRK ANDERSON 3097947287 639 38TH STREET ROCK ISLAND IL 61201 ANDREA TALENTINO PRESIDENT 55.00 X X 418900 0 51001 MICHAEL GAPEN CHAIR OF THE BOARD 3.00 X X 0 0 0 CHERYL TRUE VP OF BOARD 1.00 X X 0 0 0 ALLYSON MARTINEZ TRUSTEE 1.00 X 0 0 0 ANN HASSELMO TRUSTEE 1.00 X 0 0 0 BARBARA LUNDBLAD TRUSTEE 1.00 X 0 0 0 BOB ANDERSON TRUSTEE 1.00 X 0 0 0 BRIGIT RAY TRUSTEE 1.00 X 0 0 0 CAMERON ONUMAH TRUSTEE 1.00 X 0 0 0 CHARLES KIM TRUSTEE 1.00 X 0 0 0 CHRIS COULTER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER SEYFARTH TRUSTEE 1.00 X 0 0 0 DAN GOTTSCLING TRUSTEE 1.00 X 0 0 0 DARRELL OWENS TRUSTEE 1.00 X 0 0 0 DARYL ROSER TRUSTEE 1.00 X 0 0 0 DIANE HILL TRUSTEE 1.00 X 0 0 0 DOUGLAS HULTQUIST TRUSTEE 1.00 X 0 0 0 EDNA GARRETT TRUSTEE 1.00 X 0 0 0 GAIL RICHARD TRUSTEE 1.00 X 0 0 0 JOHN MURABITO TRUSTEE 1.00 X 0 0 0 KELLY TIEVES TRUSTEE 1.00 X 0 0 0 LAMONT WELLS TRUSTEE 1.00 X 0 0 0 LEE SELANDER TRUSTEE 1.00 X 0 0 0 LESLEE HAGER TRUSTEE 1.00 X 0 0 0 MARK WILHELM TRUSTEE 1.00 X 0 0 0 MATTHEW STOODLEY TRUSTEE 1.00 X 0 0 0 MICHAEL STUREK TRUSTEE 1.00 X 0 0 0 MILICENT KNIGHT TRUSTEE 1.00 X 0 0 0 MURRY GERBER TRUSTEE 1.00 X 0 0 0 NATALIE KESSLER TRUSTEE 1.00 X 0 0 0 PETER SIMSHAUSER TRUSTEE 1.00 X 0 0 0 RON WORKMAN TRUSTEE 1.00 X 0 0 0 SANDRA SHOCKLEY TRUSTEE 1.00 X 0 0 0 SHELBY OLSON TRUSTEE 1.00 X 0 0 0 STACIE FIDLAR TRUSTEE 1.00 X 0 0 0 SUNDER SUBBAROYAN TRUSTEE 1.00 X 0 0 0 THOMAS WEIGAND TRUSTEE 1.00 X 0 0 0 KENT BARNDS EXEC VP ENROLLMENT, COMM., ADV. 55.00 X 325747 0 25410 KIRK ANDERSON VP OF FINANCE & ADMINISTRATION 55.00 X 255522 0 20569 SHERI CURRAN GENERAL COUNSEL & SECRETARY 55.00 X 219411 0 14702 WESLEY BROOKS DEAN & VP STUDENT SERVICES 55.00 X 177991 0 24439 KERI RURSCH ASSISTANT VP OF COMM. & MARKETING 55.00 X 112550 0 15860 DIANNA SHANDY PROVOST 55.00 X 108078 0 6222 LISA DURANT-JONES INTERIM VP OF DEI (THRU FEB 2024) 40.00 X 49684 0 0 WENDY HILTON MORROW PROFESSOR 40.00 X 212855 0 13246 CHRISTOPHER VAUGHAN ASST VP CHIEF INFORMATION OFFICER 40.00 X 138335 0 66529 JOHN DELANEY PROFESSOR 40.00 X 134169 0 16690 MELINDA ZUMDOME DIRECTOR OF HUMAN RESOURCES 40.00 X 130338 0 8442 FRED KURT DIRECTOR OF DINING SERVICES 40.00 X 119552 0 9239 STEVE BAHLS FORMER PRESIDENT 0.00 X 125249 0 10421 2528381 0 282770 39 1 1 0 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 MARKETING CONSULTANT 1047543 ELLUCIAN COMPANY LLC 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 ERP SYSTEM 553048 RIVER TRAILS TRANSIT LINES INC 4349 INDUSTRIAL PARK DR GALENA IL 61036 TRANSPORTATION 394014 JONES ARCHITECTURE INC 10 DERBY SQUARE SALEM MA 01970 CONSULTING MASTER PLAN 234431 NATIONAL PUBLIC RADIO INC 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 PUBLIC RADIO SERVICES 199555 17 1256504 15877002 5109107 17133506 TUITION & FEES 611710 119322092 119322092 AUXILIARY SERVICES 611710 22188509 22188509 ED DEPT SERVICES 611710 2051951 2051951 PEPSICO AND OTHER INCO 713940 24037 24037 CATERING 722320 11431 11431 143598020 7322446 138266 7184180 159333 0 159333 159333 159333 37905579 36147567 1758012 1758012 1758012 169971317 143562552 173734 9101525 77170895 77170895 1877209 268528 1565165 43516 421928 421928 34332280 30440642 2973762 917876 1905792 1523214 313807 68771 6237573 3230137 3007336 100 2460117 1880026 497548 82543 64208 28602 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3587288 4056923 7343513 22345411 1058929 275932 417593 346744 126734 2225932 412664 430117 -483032 359749 114611472 652314803 0.61570 0.57950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 412,664. 2020 AMOUNT: $ 430,117. 2021 AMOUNT: $ -483,032. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 0.00 2 0 1 0 X X X 0 210855700 10316766 31513107 9278239 8516872 234890462 198918275 6775043 27160209 11536718 10461109 210855700 219304192 1970516 -14313181 4749594 3293658 198918275 169431514 12341969 47409162 5168193 4710260 219304192 180078608 1548448 -767176 5345053 6083313 169431514 0.48568 0.35440 0.15992 0 0 5729462 5729462 250548521 119176963 131371558 15183126 8946307 6236819 33951120 26038365 7912755 2904482 2904482 154155076 ALTERNATE INVESTMENTS: HEDGE FUNDS 27507371 F ALTERNATE INVESTMENTS: PRIVATE EQUITY 27644851 F US TREASURIES 148500 F 55300722 ASSET RETIREMENT OBLIGATION 2748000 STUDENT DEPOSITS 818897 ANNUITIES PAYABLE 2348900 US GOVERNMENT PAYABLE 917889 6833686 X 106379635 16324795 -78069392 -61744597 168124232 1298560 548525 1847085 169971317 81617080 -548525 -548525 82165605 1298560 78214582 79513142 161678747 PART II, LINE 9: OLD MAIN IS A HISTORIC BUILDING ON THE CAMPUS OF AUGUSTANA COLLEGE AND IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE BUILDING UNDERWENT A $13 MILLION RENOVATION IN 2010 WHICH SHOWS UP ON THE STATEMENT OF FINANCIAL POSITION AS A FIXED ASSET. OLD MAIN IS CURRENTLY USED AS AN ACADEMIC BUILDING. HOUSE ON THE HILL (WEYERHAEUSER HOUSE) WAS DONATED TO THE COLLEGE IN 1954 AND IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. HOUSE ON THE HILL IS USED AS A RESIDENCE FOR STUDENTS AND FOR SPECIAL EVENTS. HOUSE ON THE HILL SHOWS ON THE STATEMENT OF FINANCIAL POSITION AS A FIXED ASSET. PART III, LINE 1A: THE COLLECTIONS WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART V, LINE 4: THE ENDOWMENT'S PRIMARY PURPOSE IS TO PROVIDE SUPPORT TO BOTH AUGUSTANA COLLEGE'S GENERAL OPERATING BUDGET, TO STUDENT SCHOLARSHIPS AND AWARDS, AND TO SUPPORT FACULTY CHAIRS AND PROFESSORSHIPS. PART X, LINE 2: TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF JUNE 30, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. FORMS 990 AND 990-T FILED BY THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE IRS UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. MANAGEMENT BELIEVES THE FORMS 990 AND 990-T HAVE BEEN FILED APPROPRIATELY. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUITIES PAYABLE PRESENT VALUE ADJUSTMENT -165,411. CHANGE IN VALUE OF TRUSTS RECEIVABLES 310,601. SCHOLARSHIPS -77,170,895. OTHER NON-OPERATING ACTIVITY REPORTED WITH EXPENSES -1,043,687. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROGRAM REVENUE NETTED WITH EXPENSES 420,272. REALIZED GAINS NETTED WITH EXPENSES 128,253. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROGRAM REVENUE NETTED WITH EXPENSES -420,272. REALIZED GAINS NETTED WITH EXPENSES -128,253. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 77,170,895. OTHER NON-OPERATING ACTIVITY REPORTED WITH EXPENSES 1,043,687. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL MAJOR PUBLICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, INCLUDE OUR RACIALLY NONDISCRIMINATION POLICY AS TO THE STUDENTS. FURTHER, ALL WRITTEN ADVERTISING GIVEN TO PROSPECTIVE STUDENTS CONTAINS OUR POLICY STATEMENT. BECAUSE WE CUSTOMARILY DRAW ABOUT 90% OF OUR STUDENTS FROM OUTSIDE THE GENERAL COMMUNITY, WE DO NOT HAVE TO PUBLICIZE OUR NONDISCRIMINATORY POLICY TO THE GENERAL COMMUNITY. IN ORDER TO DEMONSTRATE THAT WE ARE FOLLOWING OUR POLICY, WE POINT TO OUR CURRENT FIRST YEAR ENROLLMENT OF RACIALLY MINORITY STUDENTS AT ABOUT 29.5%. WE FEEL THIS IS A MEANINGFUL NUMBER TO QUALIFY FOR THE PUBLIC NOTICE EXCEPTION PROVIDED BY SECTION 4.03(2)(B) OF REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 AUGUSTANA PARTICIPATES IN THE FEDERAL STUDENT AID PROGRAM ADMINISTERED THROUGH THE US DEPARTMENT OF EDUCATION. AUGUSTANA STUDENTS RECEIVE FUNDING FROM CAMPUS BASED PROGRAMS (SEOG AND FEDERAL WORK STUDY) AS WELL AS FEDERAL PELL GRANTS AND FEDERAL STUDENT LOANS. IN ADDITION, AUGUSTANA STUDENTS RECEIVE FUNDING VIA THE ILLINOIS MONETARY ASSISTANCE PROGRAM (MAP) GRANT. THE COLLEGE ALSO RECEIVED OTHER GRANTS THROUGH FEDERAL AND STATE PROGRAMS, SUCH AS THE DEPARTMENT OF EDUCATION AND NATIONAL SCIENCE FOUNDATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 33519814 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY AWAY / OFF CAMPUS PROGRAMS 171498 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY AWAY / OFF CAMPUS PROGRAMS 157757 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY AWAY / OFF CAMPUS PROGRAMS 399437 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY AWAY / OFF CAMPUS PROGRAMS 126042 0 0 0 0 0 0 34374548 0 34374548 1 0 1 0 1 0 PART I, LINE 3: ACCRUAL BASIS. X X X X X X X 1 EAB GLOBAL 2445 M ST NW WASHINGTON DC DC 20037 CAMPAIGN MARKETING SERVICES 0 0 99458 0 99458 AK CO DC FL IL KY MA NV NH SC WA 1 HONORS SCHOLARSHIP 1562 36668652 N/A N/A PRESIDENTIAL SCHOLARSHIP 484 13175673 N/A N/A AUGUSTANA GRANT 1873 9234929 N/A N/A OTHER SCHOLARSHIPS 1900 9048280 N/A N/A ENDOWED SCHOLARSHIPS 702 4427442 N/A N/A MERIT BASED SCHOLARSHIP 968 2013405 N/A N/A TUITION EXCHANGE 32 1448277 N/A N/A ANNUAL SCHOLARSHIPS 135 333063 N/A N/A SEOG 592 280273 N/A N/A CSD MASTERS PROGRAM 48 179656 N/A N/A ALUMNI SCHOLARSHIP 132 128431 N/A N/A NSF NOYCE 6 120000 N/A N/A MINORITY SCHOLARSHIP 100 110187 N/A N/A YELLOW RIBBON SCHOLARSHIPS 1 2627 N/A N/A PART I, LINE 2: THE INSTITUTION AWARDS BOTH NEED BASED AND MERIT BASED FUNDS AND ARE DISTRIBUTED IN A FAIR AND EQUITABLE BASIS. FUNDS ARE AWARDED BASED ON THE INSTITUTION'S PACKAGING POLICIES AND AWARDING CRITERIA. STUDENT MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) ON A YEARLY BASIS TO APPLY FOR NEED BASED INSTITUTIONAL ASSISTANCE. THE FAFSA RESULTS ARE USED TO DETERMINE ELIGIBILITY FOR NEED BASED AWARDS BASED ON THE ESTABLISHED INSTITUTION'S PACKAGING POLICIES. SPECIAL CIRCUMSTANCES MAY BE CONSIDERED WHEN AWARDING NEED BASED FUNDS AND ARE CONSIDERED ON AN INDIVIDUAL BASIS. STUDENT RECORDS/FILES ARE KEPT FOR 4 YEARS FROM THE DATE OF LAST ENROLLMENT. FILES WILL INCLUDE FAFSA AND ALL SUPPORTING DOCUMENTATION FOR DETERMINING ELIGIBILITY. THE COLLEGE MAINTAINS CONTROL OF THESE FUNDS BY APPLYING THEM DIRECTLY TO A STUDENT'S BILLING INSTEAD OF AWARDING THEM DIRECTLY TO THE STUDENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANDREA TALENTINO PRESIDENT 338900 0 80000 0 0 0 31050 0 19951 0 469901 0 0 0 KENT BARNDS EXEC VP ENROLLMENT, COMM., ADV. 250747 0 75000 0 0 0 10847 0 14563 0 351157 0 0 0 KIRK ANDERSON VP OF FINANCE & ADMINISTRATION 215522 0 40000 0 0 0 13410 0 7159 0 276091 0 0 0 SHERI CURRAN GENERAL COUNSEL & SECRETARY 189411 0 30000 0 0 0 11774 0 2928 0 234113 0 0 0 WENDY HILTON MORROW PROFESSOR 187855 0 25000 0 0 0 11719 0 1527 0 226101 0 0 0 CHRISTOPHER VAUGHAN ASST VP CHIEF INFORMATION OFFICER 138335 0 0 0 0 0 8689 0 57840 0 204864 0 0 0 WESLEY BROOKS DEAN & VP STUDENT SERVICES 152991 0 25000 0 0 0 10057 0 14382 0 202430 0 0 0 JOHN DELANEY PROFESSOR 134169 0 0 0 0 0 8189 0 8501 0 150859 0 0 0 STEVE BAHLS FORMER PRESIDENT 0 0 0 0 125249 0 5843 0 4578 0 135670 0 419528 0 PART I, LINE 1A AS PART OF THE PRESIDENT'S CONTRACT THEY ARE REQUIRED TO RESIDE IN THE COLLEGE OWNED RESIDENCE AT THE COLLEGE'S EXPENSE, INCLUDING BUT NOT LIMITED TO, GROUNDS KEEPING, GENERAL MAINTENANCE AND ALL UTILITIES. THE PRESIDENT'S RESIDENCE IS AVAILABLE FOR COLLEGE RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THESE BENEFITS ARE NOT CONSIDERED TAXABLE. A ILLINOIS EDUCATIONAL FACILITY AUTORITY 521297563 4520014E7 2003-02-13 7090000 CONSTRUCTION AND RENOVATION OF ATHLETIC FACILITIES, 2003B ISSUE 0 0 0 B QUAD CITIES REGIONAL DEVELOPMENT AUTHORITY 363580390 74731RAB7 2005-10-21 15000000 CONSTRUCT NEW RES HALLS AND RENOVATIONS 0 0 0 C QUAD CITIES REGIONAL DEVELOPMENT AUTHORITY 363580390 NONEAVAIL 2022-08-19 17305000 CONSTRUCTION AND REFINANCING OF 2012 SERIES BOND 0 0 0 A 3700000 7090000 49007 40993 7000000 2004 0 0 1 1 B 2500000 15000000 300000 57081 14642919 2008 0 0 1 1 C 1390000 17305000 17305000 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 X 375 5109107 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE CHAIRPERSON OF THE BOARD, THE VICE-CHAIRPERSON OF THE BOARD, THE CHAIRPERSONS OF EACH STANDING COMMITTEE, AND THE PRESIDENT OF THE COLLEGE SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD, ACTING ON ITS BEHALF IN THE INTERIM BETWEEN STATED MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO AMEND THE CONSTITUTION OF THE COLLEGE, AMEND THE BYLAWS OF THE CORPORATION, ADOPT A PLAN OF MERGER OR CONSOLIDATION, OR COMMIT FOR SALE, LEASE, EXCHANGE OR OTHER DISPOSITION ALL OR A SUBSTANTIAL PORTION OF ALL THE PROPERTY AND ASSETS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT VIA A SECURE WEBSITE PRIOR TO FILING; THE AUDIT AND RISK COMMITTEE OF THE BOARD FORMALLY APPROVES THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A CONFLICT OF INTEREST POLICY INCLUDED WITHIN ITS CODE OF CONDUCT WHICH IS DISTRIBUTED TO ALL EMPLOYEES VIA A PRINTED AND ELECTRONIC HANDBOOK. THE CODE REQUIRES THAT CONFLICTS BE DISCLOSED TO AN EMPLOYEE'S SUPERVISOR, THE GENERAL COUNSEL, OR THE COLLEGE PRESIDENT. THIS POLICY COVERS ALL EMPLOYEES AS WELL AS COLLEGE VISITORS, INCLUDING CONSULTANTS. TO AVOID A CONFLICT, EMPLOYEES ARE PROHIBITED FROM ACCEPTING A POSITION WITH ANOTHER EMPLOYER WITHOUT SUPERVISORY APPROVAL. ANY EMPLOYEE WISHING TO PERFORM CONSULTING SERVICES MUST OBTAIN PRIOR APPROVAL FROM THE PRESIDENT OF THE COLLEGE. FINALLY, GIFTS ARE STRICTLY LIMITED AND MUST BE DISCLOSED TO THE PRESIDENT'S OFFICE IF VALUED OVER $100. ADDITIONALLY, THE COLLEGE HAS A "SELF-STANDING" CONFLICT OF INTEREST POLICY WHICH IS REFERENCED IN THE CODE OF CONDUCT AND ALSO INCLUDED IN THE HANDBOOK. COMPLIANCE WITH THIS POLICY IS AFFIRMED IN WRITING EACH YEAR BY EACH INDIVIDUAL MEMBER OF THE BOARD OF TRUSTEES. THESE RESPONSES ARE REVIEWED BY THE GENERAL COUNSEL AND THE COLLEGE PRESIDENT; ANY POTENTIAL CONFLICTS WOULD ALSO BE REVIEWED BY THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE. ULTIMATELY, THE AUDIT COMMITTEE WOULD DETERMINE THE EXISTENCE OF A CONFLICT AND THE APPROPRIATE REMEDY, AND REPORT THESE TO THE BOARD. THE CONFLICT OF INTEREST POLICY PRECLUDES ANY INDIVIDUAL IN A CONFLICT OF INTEREST SITUATION FROM VOTING ON ANY PROPOSED TRANSACTION WHICH RELATES TO THE CONFLICT. REMEDIES BEYOND ABSTENTION FROM VOTING WOULD BE DETERMINED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE PRESIDENT AND THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT BOARD MEMBERS, REVIEW COMPENSATION OF TOP MANAGEMENT POSITIONS AT THE COLLEGE AT LEAST ON AN ANNUAL BASIS. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE PRESIDENT OF THE COLLEGE IN THE ABSENCE OF THE PRESIDENT, ALSO ON AT LEAST AN ANNUAL BASIS. MINUTES ARE TAKEN DURING THESE MEETINGS. THE COMPENSATION COMMITTEE LAST MET IN JUNE 2023 FOR THIS REPORTING PERIOD. A VARIETY OF BENCHMARKING DATA IS REVIEWED BY THIS COMMITTEE IN DETERMINING APPROPRIATE COMPENSATION, INCLUDING BUT NOT LIMITED TO COMPARABILITY DATA MADE AVAILABLE BY CUPA, ELCA, AND THE CHRONICLE OF HIGHER EDUCATION. THE COMPENSATION COMMITTEE HAS BEEN CHARGED BY THE BOARD WITH THE RESPONSIBILITY OF EXERCISING THE "AUTHORITY OF THE BOARD" WITH RESPECT TO TERMS AND CONDITIONS OF EMPLOYMENT OF THE PRESIDENT AND OF OTHER SENIOR ADMINISTRATIVE EMPLOYEES OF THE COLLEGE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OPEN TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ANNUITIES PAYABLE PRESENT VALUE ADJUSTMENT -165,411. CHANGE IN VALUE OF TRUST RECEIVABLES 310,601. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER ANNUITY TRUST (11) 639 38TH STREET ROCK ISLAND IL 61201 INVESTMENTS IL N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0