LORAS COLLEGE: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- LORAS COLLEGE (EIN 42-0680412)
- Tax period
- 2021-06-01 to 2022-05-31
- Filed
- 2023-04-18
- IRS object ID
- 202321089349300932
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-04-18T11:30:03-05:00 | ReturnTs |
| Tax Period End | 2022-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 E WISCONSIN AVENUE FLOOR 32 | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680412 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LORAS COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LORA | BusinessNameControlTxt |
| Phone | 5635887100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1450 ALTA VISTA STREET | AddressLine1Txt |
| City | DUBUQUE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARGARET TUNGSETH | PersonNm |
| Person Title | TREASURER, VP OF FINANCE | PersonTitleTxt |
| Phone | 5635887100 | PhoneNum |
| Signature | 2023-04-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARGARET | PersonFirstNm |
| Person Last | TUNGSETH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TROY MARINE CPA | PreparerPersonNm |
| PTIN | P00187863 | PTIN |
| Phone | 4147775500 | PhoneNum |
| Preparation | 2023-04-17 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES COLLINS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1450 ALTA VISTA STREET | AddressLine1Txt |
| City | DUBUQUE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $90,833,348 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LORAS.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1839 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | EDUCATION | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 866 | TotalEmployeeCnt |
| Total Volunteers | 520 | TotalVolunteersCnt |
| Total Gross UBI | $39,560 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $12,247 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,086,724 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,599,860 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $50,550,117 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $50,173,684 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,312,242 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,412,374 | CYInvestmentIncomeAmt |
| PY Other Revenue | $49,068 | PYOtherRevenueAmt |
| CY Other Revenue | $175,891 | CYOtherRevenueAmt |
| PY Total Revenue | $64,998,151 | PYTotalRevenueAmt |
| CY Total Revenue | $75,361,809 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $27,034,574 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $27,262,224 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,629,570 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,334,941 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,793,921 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,347,434 | PYOtherExpensesAmt |
| CY Other Expenses | $16,506,377 | CYOtherExpensesAmt |
| PY Total Expenses | $64,011,578 | PYTotalExpensesAmt |
| CY Total Expenses | $67,103,542 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $986,573 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,258,267 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $128,360,623 | TotalAssetsBOYAmt |
| Total Assets EOY | $125,505,314 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $72,138,095 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $66,085,871 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,222,528 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $59,419,443 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LORAS, AS A CATHOLIC LIBERAL ARTS COLLEGE, CREATES A COMMUNITY OF ACTIVE LEARNERS, REFLECTIVE THINKERS, ETHICAL DECISION MAKERS AND RESPONSIBLE CONTRIBUTORS IN DIVERSE PROFESSIONAL, SOCIAL AND RELIGIOUS ROLES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $25,538,475 | ExpenseAmt |
| Grant | $27,262,224 | GrantAmt |
| Desc | SCHOLARSHIPS AND GRANTS TO STUDENTS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,253,156 | ExpenseAmt |
| Revenue | $43,590,266 | RevenueAmt |
| Desc | INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO FULL AND PART TIME STUDENTS (1,323 FULL TIME EQUIVALENT STUDENTS). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,938,733 | ExpenseAmt |
| Revenue | $2,049,634 | RevenueAmt |
| Desc | STUDENT SERVICES, INCLUDING STUDENT DEVELOPMENT, INTERCOLLEGIATE ATHLETICS AND OTHER SERVICES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,582,622 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $4,533,784 | RevenueAmt |
| Desc | OTHER PROGRAM SERVICES INCLUDE AUXILIARY PROGRAMS SUCH AS HOUSING AND FOOD SERVICE, RESEARCH, PUBLIC SERVICE AND INSTITUTIONAL SUPPORT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $12,582,622 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $4,533,784 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $63,312,986 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 85 | IRPDocumentCnt |
| IRP Document W2 G | 3 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 866 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RENNIE ROOT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5635887775 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1450 ALTA VISTA STREET | AddressLine1Txt |
| City | DUBUQUE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JAMES E COLLINS | |||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $413,055 | $0 | $83,237 | |
| MOST REV MICHAEL JACKALS | |||||||
| CHANCELLOR, REGENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TONY REARDON | |||||||
| CHAIR, REGENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARY MEEHAN | |||||||
| VICE CHAIR, REGENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOSEPH SCHIESL | |||||||
| VICE CHAIR, REGENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RICH CLAYTON | |||||||
| SECRETARY, REGENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID MEYERS | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID W SPAHN | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DENNIS HOULIHAN | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GENE MURPHY | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GREG GUMBEL | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LUIS ACOSTA | |||||||
| REGENT (EFF 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK CLOGHESSY | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK MOLO | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL RICE | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE VALDER | |||||||
| REGENT (PASSED 8/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MILAN VUCKOVIC | |||||||
| REGENT (EFF 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MSGR JOHN ENZLER | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NATALIE HOFFMANN | |||||||
| REGENT (EFF 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL BREITBACH | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| REV MSGR JAMES BARTA | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD KENNEY | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD SCALISE | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SARAH SQUIRES | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SIOBHAN O'CONNOR HARTSELL | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN SCHLEGEL | |||||||
| REGENT (EFF 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVE SLOAN | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THERESA HOFFMAN | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY SUTHER | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM TAUKE | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TROY L CICERO | |||||||
| REGENT (COMPLETE 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WENDY SCHRUNK | |||||||
| REGENT (EFF 10/21) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM GLYNN | |||||||
| REGENT | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL H DOYLE | |||||||
| TREASU., VP, INST. ADV. (TERM 12/21) | 40.00 | Yes (X) | $194,788 | $0 | $34,804 | ||
| DONNA HEALD | |||||||
| VP FOR ACADEMIC AFFAIRS | 40.00 | Yes (X) | $168,410 | $0 | $24,099 | ||
| MARY ELLEN CARROLL | |||||||
| SENIOR VICE PRESIDENT | 40.00 | Yes (X) | $136,721 | $0 | $41,344 | ||
| ARTHUR SUNLEAF | |||||||
| VP FOR STUDENT DEVELOPMENT | 40.00 | Yes (X) | $111,267 | $0 | $36,364 | ||
| SCOTT MCCLURE | |||||||
| VP FOR INSTITUTIONAL ADVANCE | 40.00 | Yes (X) | $33,282 | $0 | $3,903 | ||
| CRAIG SCHAEFER | |||||||
| DIRECTOR OF TV STUDIO | 40.00 | $178,305 | $0 | $29,105 | Yes (X) | ||
| TOM KRUSE | |||||||
| CHIEF INFORMATION & BUDGET OFFICER | 40.00 | $108,559 | $0 | $15,975 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,344,387 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $268,831 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ARAMARK | |||||
| 1450 ALTA VISTA | DUBUQUE | IA | 52004 | FOOD SERVICE | $1,816,523 |
| JLG ARCHITECTS | |||||
| 124 N 3RD ST | GRAND FORKS | ND | 58203 | ARCHITECT | $369,596 |
| GIESE SHEET METAL CO | |||||
| 2125 KERPER BLVD | DUBUQUE | IA | 52001 | CONSTRUCTION | $254,434 |
| MIKE STRUB CONSTRUCTION INC | |||||
| 2380 ANTLER RIDGE | DUBUQUE | IA | 52002 | CONSTRUCTION | $206,239 |
| BAKER TILLY US LLP | |||||
| PO BOX 7398 | MADISON | WI | 53707 | ACCOUNTING | $146,937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $7,925,478 | GovernmentGrantsAmt |
| All Other Contributions | $13,674,382 | AllOtherContributionsAmt |
| Noncash Contributions | $825,106 | NoncashContributionsAmt |
| Total Contributions | $21,599,860 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COLLEGE FEES & SERVICE | 611310 | $42,751,497 | $42,751,497 |
| SALES/SVC, AUX. ENTER. | 611710 | $6,262,430 | $6,262,430 |
| SALES/SVC, EDU. ENTER. | 611710 | $657,634 | $657,634 |
| FINE INCOME | 611710 | $126,284 | $126,284 |
| DELINQUENCY CHARGES | 611710 | $68,115 | $68,115 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $307,724 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $307,724 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $50,173,684 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,644,415 | TotalRevenueColumnAmt |
| Exclusion | $1,644,415 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,224,709 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,456,750 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,767,959 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,767,959 | TotalRevenueColumnAmt |
| Exclusion | $1,767,959 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $110,910 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,910 | TotalRevenueColumnAmt |
| Exclusion | $110,910 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $40,210 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $14,789 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,421 | TotalRevenueColumnAmt |
| Exclusion | $25,421 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| EXT. EVENTS & CATERING | 722320 | $29,585 | $29,585 |
| ADVERTISING | 541800 | $9,975 | $9,975 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $39,560 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,361,809 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,173,684 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $39,560 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,548,705 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,262,224 | TotalAmt |
| Program Services | $27,262,224 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,271,629 | TotalAmt |
| Program Services | $345,328 | ProgramServicesAmt |
| Management And General | $585,236 | ManagementAndGeneralAmt |
| Fundraising | $341,065 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,468,416 | TotalAmt |
| Program Services | $16,211,597 | ProgramServicesAmt |
| Management And General | $423,769 | ManagementAndGeneralAmt |
| Fundraising | $833,050 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $865,184 | TotalAmt |
| Program Services | $796,715 | ProgramServicesAmt |
| Management And General | $24,113 | ManagementAndGeneralAmt |
| Fundraising | $44,356 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,481,026 | TotalAmt |
| Program Services | $2,194,955 | ProgramServicesAmt |
| Management And General | $176,602 | ManagementAndGeneralAmt |
| Fundraising | $109,469 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,248,686 | TotalAmt |
| Program Services | $1,115,177 | ProgramServicesAmt |
| Management And General | $63,302 | ManagementAndGeneralAmt |
| Fundraising | $70,207 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,723 | TotalAmt |
| Management And General | $61,723 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,107 | TotalAmt |
| Management And General | $103,107 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,924 | TotalAmt |
| Management And General | $129,924 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $785,507 | TotalAmt |
| Program Services | $697,965 | ProgramServicesAmt |
| Management And General | $72,244 | ManagementAndGeneralAmt |
| Fundraising | $15,298 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,964 | TotalAmt |
| Program Services | $278,116 | ProgramServicesAmt |
| Fundraising | $2,848 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,843,568 | TotalAmt |
| Program Services | $1,635,258 | ProgramServicesAmt |
| Management And General | $41,296 | ManagementAndGeneralAmt |
| Fundraising | $167,014 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,063,268 | TotalAmt |
| Program Services | $952,317 | ProgramServicesAmt |
| Management And General | $38,389 | ManagementAndGeneralAmt |
| Fundraising | $72,562 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,493,216 | TotalAmt |
| Program Services | $1,493,216 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,090,538 | TotalAmt |
| Program Services | $1,037,239 | ProgramServicesAmt |
| Management And General | $11,031 | ManagementAndGeneralAmt |
| Fundraising | $42,268 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,939 | TotalAmt |
| Program Services | $59,130 | ProgramServicesAmt |
| Management And General | $2,146 | ManagementAndGeneralAmt |
| Fundraising | $663 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,645,930 | TotalAmt |
| Program Services | $1,645,930 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,059,306 | TotalAmt |
| Program Services | $3,059,306 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $629,695 | TotalAmt |
| Program Services | $629,695 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD SERVICE | $2,024,617 | $2,024,617 | ||
| REPAIRS AND MAINTENANCE | $557,618 | $557,618 | ||
| DUES & SUBSCRIPTIONS | $300,006 | $167,387 | $117,819 | $14,800 |
| UBIT PAID | $3,700 | $3,700 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,371,751 | TotalAmt |
| Program Services | $1,149,196 | ProgramServicesAmt |
| Management And General | $142,234 | ManagementAndGeneralAmt |
| Fundraising | $80,321 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,103,542 | TotalAmt |
| Program Services | $63,312,986 | ProgramServicesAmt |
| Management And General | $1,996,635 | ManagementAndGeneralAmt |
| Fundraising | $1,793,921 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,863 | BOYAmt |
| EOY | $5,832 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,405,369 | BOYAmt |
| EOY | $613,643 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,228,426 | BOYAmt |
| EOY | $25,054,181 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $319,124 | BOYAmt |
| EOY | $432,827 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,704 | BOYAmt |
| EOY | $48,404 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,049 | BOYAmt |
| EOY | $774,199 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $118,096,338 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $65,870,414 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,843,452 | BOYAmt |
| EOY | $52,225,924 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,514,290 | BOYAmt |
| EOY | $32,149,622 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,148,095 | BOYAmt |
| EOY | $5,167,910 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,885,034 | BOYAmt |
| EOY | $4,423,724 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,211,217 | BOYAmt |
| EOY | $4,609,048 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,360,623 | BOYAmt |
| EOY | $125,505,314 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,346,928 | BOYAmt |
| EOY | $5,450,074 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,712,091 | BOYAmt |
| EOY | $3,002,518 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,565,765 | BOYAmt |
| EOY | $43,353,628 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $805,918 | BOYAmt |
| EOY | $668,841 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,840,193 | BOYAmt |
| EOY | $7,768,894 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,867,200 | BOYAmt |
| EOY | $5,841,916 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,138,095 | BOYAmt |
| EOY | $66,085,871 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$32,029,327 | BOYAmt |
| EOY | -$29,821,868 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,251,855 | BOYAmt |
| EOY | $89,241,311 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,222,528 | BOYAmt |
| EOY | $59,419,443 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,360,623 | BOYAmt |
| EOY | $125,505,314 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $8,258,267 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$6,486,513 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,425,161 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $492,742 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $55,281,637 | BeginningYearBalanceAmt |
| Contributions | $2,891,623 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,916,029 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,233,787 | GrantsOrScholarshipsAmt |
| Other Expenditures | $554,258 | OtherExpendituresAmt |
| End Year Balance | $53,469,186 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,736,730 | BeginningYearBalanceAmt |
| Contributions | $4,133,625 | ContributionsAmt |
| Investment Earnings Or Losses | $9,058,803 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,075,451 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$427,930 | OtherExpendituresAmt |
| End Year Balance | $55,281,637 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,621,690 | BeginningYearBalanceAmt |
| Contributions | $2,551,883 | ContributionsAmt |
| Investment Earnings Or Losses | $1,103,938 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,113,592 | GrantsOrScholarshipsAmt |
| Other Expenditures | $427,189 | OtherExpendituresAmt |
| End Year Balance | $42,736,730 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,907,445 | BeginningYearBalanceAmt |
| Contributions | $2,550,565 | ContributionsAmt |
| Investment Earnings Or Losses | $533,907 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $957,626 | GrantsOrScholarshipsAmt |
| Other Expenditures | $412,601 | OtherExpendituresAmt |
| End Year Balance | $40,621,690 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,809,324 | BeginningYearBalanceAmt |
| Contributions | $5,640,094 | ContributionsAmt |
| Investment Earnings Or Losses | $1,556,630 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $631,935 | GrantsOrScholarshipsAmt |
| Other Expenditures | $466,668 | OtherExpendituresAmt |
| End Year Balance | $38,907,445 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00040 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.42010 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.57950 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,203,961 | OtherCostOrOtherBasisAmt |
| Book Value | $1,203,961 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,398,700 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,224,310 | DepreciationAmt |
| Book Value | $37,174,390 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,130,196 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,431,193 | DepreciationAmt |
| Book Value | $2,699,003 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,363,481 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,214,911 | DepreciationAmt |
| Book Value | $11,148,570 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $52,225,924 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $1,392,669 |
| INTEREST RATE EXCHANGE LIABILITY | $2,339,840 |
| DUE TO US GOVERNMENT | $1,498,096 |
| FINANCING OBLIGATION | $364,621 |
| OPERATING LEASE LIABILITIES | $246,690 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,841,916 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $44,749,649 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$6,486,513 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,554,358 | OtherRevenueAmt |
| Revenue Not Reported | -$4,932,155 | RevenueNotReportedAmt |
| Revenue Subtotal | $49,681,804 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $141,530 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $25,538,475 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $25,680,005 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $75,361,809 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $41,552,734 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $129,197 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $129,197 | ExpensesNotReportedAmt |
| Expenses Subtotal | $41,423,537 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $141,530 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $25,538,475 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $25,680,005 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $67,103,542 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE COLLEGE MAINTAINS VARIOUS ARTWORKS, MANUSCRIPTS, STATUES, PAINTINGS, BOOKS AND FURNITURE THAT PRESERVES THE HERITAGE OF THE COLLEGE AND PROMOTES SCHOLARSHIP ENDEAVORS. |
| PART IV, LINE 2B: | THE FUNDS HELD FOR OTHERS ARE AGENCY ACCOUNTS HELD FOR VARIOUS STUDENT ORGANIZATIONS OF LORAS COLLEGE. |
| PART V, LINE 4: | THE ENDOWMENT HAS BEEN ESTABLISHED TO PROVIDE A SUFFICIENT TOTAL RETURN TO SUPPLEMENT THE COLLEGE'S VARIOUS SOURCES OF OPERATING INCOME AND TO SUPPORT IN PERPETUITY THE MISSION OF THE COLLEGE. |
| PART X, LINE 2: | THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2022 OR 2021. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 2,783,463. WRITE-OFFS FROM UNCOLLECTIBLE PLEDGES -238,986. PRESENT VALUE ADJUSTMENT OF PLEDGES -990,119. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS REPORTED AS CONTRA INCOME 25,538,475. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST AGREEMENT 129,197. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS REPORTED AS CONTRA INCOME 25,538,475. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN ITS UNDERGRADUATE BULLETIN AND STUDENT HANDBOOK AS WELL AS AVAILABLE VIA ITS WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTS. THE AID IS THEN AWARDED TO STUDENTS IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH FORM OF FINANCIAL AID. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $251,263 |
| CENTRAL AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $133,061 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $7,278 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $391,602 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $391,602 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| FORM 990, SCHEDULE F, PART IV: | LORAS COLLEGE INVESTS IN A FOREIGN HEDGE FUND. THE ORGANIZATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT THE ORGANIZATION IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ANNUAL FORM 990-T. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ATHLETICS FUNDRAISER | Event1Nm |
| Gross Receipts Event1 | $109,085 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $109,085 | GrossRevenueEvent1Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $1,825 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $1,825 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $110,910 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $110,910 | GrossRevenueTotalEventsAmt |
| Net Income Summary | $110,910 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $40,210 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $11,052 | CashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $3,737 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $40,210 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $11,052 | CashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $3,737 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $14,789 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $25,421 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | IA | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 0.83000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.17000 | GamingOtherFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RENNIE ROOT | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1450 ALTA VISTA STREET | AddressLine1Txt |
| City | DUBUQUE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
Gaming Manager Business Name GamingManagerBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RENNIE ROOT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Manager Services Prov | RENNIE SPENDS MINIMAL TIME ON GAMING SERVICES SO NONE OF THE SALARY OF HER REGULAR POSITION IS REPORTED HERE. ALL RECEIPTS, DEPOSITS, PAYMENTS, AND REPORTING IS RUN THROUGH THE GENERAL OPERATIONS OF THE BUSINESS OFFICE OF THE COLLEGE. RENNIE OVERSEES THE OPERATIONS OF THE BUSINESS OFFICE AND DELEGATES THE TASKS RELATED TO GAMING TO SEVERAL DIFFERENT EMPLOYEES. | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART III, LINE 6, VOLUNTEER LABOR: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE UTILIZED THE AID OF VOLUNTEERS IN CONDUCTING ITS FUNDRAISING AND GAMING ACTIVITIES HOWEVER, THE EXACT PERCENTAGE OF VOLUNTEER LABOR USED IS UNKNOWN. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP AID FOR STUDENTS' COST OF ATTENDANCE | GrantTypeTxt |
| Recipient | 1333 | RecipientCnt |
| Cash Grant | $25,538,475 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE'S OFFICE OF FINANCIAL PLANNING MONITORS ALL AWARDS TO ENSURE COMPLIANCE WITH FEDERAL AND STATE REGULATIONS. ADDITIONALLY, THE COLLEGE ENGAGES AN INDEPENDENT AUDIT IN ACCORDANCE WITH OMB A-133. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES E COLLINS | ||||||||||||||
| PRESIDENT | $355,490 | $0 | $55,000 | $0 | $2,565 | $0 | $19,250 | $0 | $63,987 | $0 | $496,292 | $0 | $0 | $0 |
| MICHAEL H DOYLE | ||||||||||||||
| TREASU., VP, INST. ADV. (TERM 12/21) | $194,134 | $0 | $0 | $0 | $654 | $0 | $13,650 | $0 | $21,154 | $0 | $229,592 | $0 | $0 | $0 |
| CRAIG SCHAEFER | ||||||||||||||
| DIRECTOR OF TV STUDIO | $178,147 | $0 | $0 | $0 | $158 | $0 | $5,114 | $0 | $23,991 | $0 | $207,410 | $0 | $0 | $0 |
| DONNA HEALD | ||||||||||||||
| VP FOR ACADEMIC AFFAIRS | $157,636 | $0 | $10,000 | $0 | $774 | $0 | $11,200 | $0 | $12,899 | $0 | $192,509 | $0 | $0 | $0 |
| MARY ELLEN CARROLL | ||||||||||||||
| SENIOR VICE PRESIDENT | $131,248 | $0 | $5,000 | $0 | $473 | $0 | $9,625 | $0 | $31,719 | $0 | $178,065 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE HOUSING ALLOWANCE ACCOUNT FOR AN EMPLOYEE IS PART OF THE NORMAL TAXABLE WAGES PAID TO THE EMPLOYEE AND IS INCLUDED AS PART OF THE EMPLOYEE'S TAXABLE INCOME. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| IOWA HIGHER EDUCATION LOAN AUTHORITY | ||||||||
| A | 421235696 | 462460ZC3 | 2006-10-01 | $22,035,000 | REFINANCE 1996 ISSUE, CONSTRUCTION | 0 | 0 | 0 |
| IOWA HIGHER EDUCATION LOAN AUTHORITY | ||||||||
| B | 421235696 | NONEAVAIL | 2017-12-28 | $10,204,000 | REFUND PORTION OF 2000 ISSUE | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $8,140,000 | $22,387,491 | $640,689 | $137,760 | $751,533 | $13,853,174 | $7,004,335 | 2007 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $10,204,000 | $10,204,000 | 2017 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART II, COLUMN A: | FormAndLineReferenceDesc |
| Explanation | EXCESS PROCEEDS OF 352,491 ATTRIBUTED TO INVESTMENT EARNINGS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUBJECT TO FERPA LAWS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $118,180 | CashGrantAmt |
| Type Of Assistance | GRANTS/SCHOLARSHIPS | TypeOfAssistanceTxt |
| Assistance Purpose | ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $10,559 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUATION | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $812,119 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NET SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | FOOD/BEVERAGE | 1 | $1,049 | DONOR VALUATION |
| Yes (X) | TRAVEL EXPENSE | 1 | $823 | DONOR VALUATION |
| Yes (X) | EQUIPMENT | 1 | $306 | DONOR VALUATION |
| Yes (X) | PRIZE | 1 | $250 | DONOR VALUATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | LORAS COLLEGE'S FINANCIAL INSTITUTION SELLS ALL PUBLICLY TRADED SECURITIES AT THE TIME OF GIFT ON BEHALF OF LORAS COLLEGE THROUGH AN INDEPENDENT BROKER. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE COLLEGE MAKES THE 990 AVAILABLE TO ALL BOARD MEMBERS VIA A SECURE PORTAL WEBSITE PRIOR TO FILING WITH THE IRS. THIS IS THE PROCESS BY WHICH THE BOARD MEMBERS REVIEW THE 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE MUST FILE A STATEMENT VERIFYING HE/SHE HAS READ THE CONFLICT OF INTEREST POLICY AND IS DISCLOSING ANY CONFLICTS OF INTEREST. EACH STATEMENT IS SENT DIRECTLY TO THE AUDIT COMMITTEE CHAIRPERSON. THE CHAIR AND THE COLLEGE'S TREASURER REVIEW EACH STATEMENT. IN ADDITION, THE TREASURER AND CONTROLLER MONITOR ANY TRANSACTIONS THROUGHOUT THE YEAR BETWEEN SUCH PARTIES. EACH TRANSACTION IS LOGGED WITH THE COLLEGE'S GENERAL LEDGER SYSTEM. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS USED BY THE COLLEGE IN DETERMINING COMPENSATION OF KEY EMPLOYEES IS: - BOARD-APPOINTED COMPENSATION COMMITTEE REVIEWS ALL RECOMMENDED COMPENSATION LEVELS. - COMPARATIVE BENCHMARK DATA IS USED (IAICU, CUPA, AND OTHERS). - WRITTEN EMPLOYMENT CONTRACTS ARE IN PLACE FOR THE PRESIDENT AND OTHER KEY EMPLOYEES IN ACCORDANCE WITH THE COLLEGE'S HANDBOOKS. - COMPENSATION IS FORMALLY APPROVED BY THE FULL BOARD OF REGENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA ANOTHER'S WEBSITE SUCH AS GUIDESTAR.ORG, OR UPON REQUEST. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE PUBLIC VIA THE MUNICIPAL SECURITIES RULE MAKING BOARD WEBSITE. |
| FORM 990, PART VII, SECTION A, COLUMN E: | REASONABLE EFFORTS UNDERTAKEN IN REGARD TO REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS: - RECEIVED A COMPLETED CONFLICT OF INTEREST STATEMENT FROM ALL TRUSTEES, OFFICERS, AND BOARD MEMBERS. THIS STATEMENT IS COMPLETED ANNUALLY. - ALL RELATED PARTIES ARE DISCLOSED ON SCHEDULE R. FINANCIAL RECORDS ARE AVAILABLE TO THE COLLEGE. |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 2,783,463. CHANGE IN SPLIT INTEREST AGREEMENT -129,197. PRESENT VALUE ADJUSTMENT OF PLEDGES -990,119. WRITE-OFFS FROM UNCOLLECTIBLE PLEDGES -238,986. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| PERPETUAL TRUSTS (1) | |||
| CHARITABLE TRUST | IA | T | 0 |
| CHARITABLE REMAINDER UNITRUST (3) | |||
| CHARITABLE TRUST | IA | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |