2023-06-13T15:21:39-05:00 2022-07-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-08-01 460224588 AUGUSTANA UNIVERSITY ASSOCIATION AUGU 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 SHANNAN NELSON EXECUTIVE VP/CFO 6052744090 2023-06-13 1 SHANNAN NELSON XXX-XX-XXXX SARAH HINTZ P00492291 3037795710 2023-05-22 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AUGUSTANA UNIVERSITY STEPHANIE HERSETH SANSLIN 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 150166418 0 X WWW.AUGIE.EDU X 1860 SD A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH. 24 24 1520 1575 110973 0 21643792 61357890 71421649 75253237 6274315 7201707 -187183 -61117 99152573 143751717 33725820 38879011 0 0 31563183 34878085 0 0 2059607 18730527 24222517 84019530 97979613 15133043 45772104 281200572 318945864 100194362 105606981 181006210 213338883 INSPIRED BY LUTHERAN SCHOLARLY TRADITION AND THE LIBERAL ARTS, AUGUSTANA PROVIDES AN EDUCATION OF ENDURING WORTH THAT CHALLENGES THE INTELLECT, FOSTERS INTEGRITY AND INTEGRATES FAITH WITH LEARNING AND SERVICE IN A DIVERSE WORLD. 0 0 72402117 38879011 63015403 HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY. 8105109 0 8923637 HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS THROUGH THE BOOKSTORE BY SELLING BOOKS AND OTHER INSTRUCTIONAL MATERIALS AND PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS. 4502928 0 3314197 HIGHER EDUCATION ACADEMIC SUPPORT: INCLUDES ACADEMIC SUPPORT THROUGH EXTENSIVE LIBRARY HOLDINGS IN BOOKS, JOURNALS AND ONLINE RESOURCES AS WELL AS AUDIOVISUAL EQUIPMENT AND MATERIALS. INCLUDES OTHER ACTIVITIES RELATED TO SERVING THE STUDENTS AND THE CAMPUS COMMUNITY. 85010154 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2915 0 1 1520 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 24 24 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH OR SC MA X X CAROL SPILLUM 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 JILL WEBER AANENSON CHAIR 4.00 X X 0 0 0 PAT MCADARAGH VICE CHAIR 4.00 X X 0 0 0 MELINDA KEITH SECRETARY 4.00 X X 0 0 0 TOM DAVIS IMMEDIATE PAST CHAIR 4.00 X X 0 0 0 MANAAL ALI TRUSTEE 4.00 X 0 0 0 SCOTT BARTH TRUSTEE 4.00 X 0 0 0 DR MARIA BELL TRUSTEE 4.00 X 0 0 0 DENNIS BLY TRUSTEE 4.00 X 0 0 0 CHERYL COLLINS TRUSTEE 4.00 X 0 0 0 GREG DANEILS TRUSTEE 4.00 X 0 0 0 ANDREA DEGROOT-NESDAHL TRUSTEE 4.00 X 0 0 0 DR DAMIEN FAIR TRUSTEE 4.00 X 0 0 0 PAUL HARMEL TRUSTEE 4.00 X 0 0 0 RICKARD HEDEBY TRUSTEE 4.00 X 0 0 0 DR GENE HOYME TRUSTEE 4.00 X 0 0 0 JILLIAN KLEIN TRUSTEE 4.00 X 0 0 0 DR CHERYL LEUNING TRUSTEE 4.00 X 0 0 0 CRAIG R LLOYD TRUSTEE 4.00 X 0 0 0 RONALD MOQUIST TRUSTEE 4.00 X 0 0 0 KEVIN NYBERG TRUSTEE 4.00 X 0 0 0 REV NYLA SCHOELD TRUSTEE 4.00 X 0 0 0 KEITH SEVERSON TRUSTEE 4.00 X 0 0 0 KATHY WALSH TRUSTEE 4.00 X 0 0 0 TODD WILLIAMS TRUSTEE 4.00 X 0 0 0 STEPHANIE HERSETH SANDLIN PRESIDENT 40.00 X 281886 0 44634 SHANNAN NELSON CFO 40.00 X 182084 0 24329 COLIN IRVINE VPAA 40.00 X 161168 0 26739 THOMAS BILLETER HEAD BASKETBALL COACH 40.00 X 368974 0 19787 PAMELA HOMAN CHIEF STRATEGY OFFICER 40.00 X 153908 0 20771 MATTHEW VOLANSKY DIR, DPT PROGRAM 40.00 X 146268 0 5643 JONATHAN WAYNE MAMMENGA ASS. VP FOR DEV. ADVANCEMENT 40.00 X 128936 0 7706 1423224 0 149609 13 0 1 0 SODEXO INC 2001 SUMMIT AVE SIOUX FALLS SD 57197 FOOD SERVICE 4096802 PROJECT FINANCE ADVISORY LIMITED 751 E BLITHEDALE AVE MILL VALLEY CA 94942 FINANCIAL ADVISORY SERVICES 900000 BECK & HOFER CONST CO PO BOX 457 SIOUX FALLS SD 57101 CONSTRUCTION 759188 MAMMOTH SPORTS CONSTRUCTION 601 E WYANDOTTE ST MERIDEN KS 66512 CONSTRUCTION 709201 G & R CONTROLS INC PO BOX 85661 SIOUX FALLS SD 57118 HEATING & COOLING SERVICES 450669 16 45952 5669397 55642541 1213798 61357890 TUITION AND FEES 611310 63015403 63015403 AUXILIARY ENTERPRISES 611710 8923637 8923637 EDUCATIONAL ACTIVITIES 611710 2247817 2247817 OTHER SOURCES 611710 1066380 1066380 75253237 4343410 152679 4190731 78016 263610 -185594 -185594 -42206 -143388 8443999 413267 5734455 264514 2709544 148753 2858297 2858297 264362 45952 136070 128292 128292 11737 16052 -4315 -4315 ADVERTISING 541800 500 500 500 143751717 75253237 110973 7029617 37102248 37102248 1776763 1776763 751580 525361 226219 25255070 21330764 2995899 928407 1231297 965659 209448 56190 5920212 4478315 1167188 274709 1719926 1371271 265523 83132 137837 20150 117687 86147 86147 5516 5516 162335 162335 2828805 1721506 1006504 100795 413401 297452 71328 44621 371314 236790 157391 -22867 1016368 867946 79567 68855 2068930 1713526 328118 27286 1716769 1545485 134053 37231 561672 464471 73064 24137 2026889 10769 2016120 3711671 3385222 306362 20087 619760 196696 421476 1588 FOOD & PROVISIONS 4767746 4581189 79089 107468 SUPPLIES 1989013 1707442 248706 32865 TECHNICAL EQUIPMENT 442335 423418 3245 15672 EQUIPMENT MAINTENANCE 214787 187799 26988 1081222 619757 428253 33212 97979613 85010154 10909852 2059607 8386972 13953083 60347859 59528401 17694305 19178534 2979181 3042120 109550 124121 519265 712144 189030672 72765254 77144261 116265418 88691918 77289242 22682059 26573930 2645202 2278871 281200572 318945864 5732852 10836963 4597323 4143237 2520285 2491831 85993965 86415113 614681 859178 735256 860659 100194362 105606981 X 44299750 46958421 136706460 166380462 181006210 213338883 281200572 318945864 X 45772104 -13338948 -100483 X X 0 1 X 1 1 1 X 12962366 10073213 19734681 21643792 61357890 125771942 12962366 10073213 19734681 21643792 61357890 125771942 30909455 94862487 2799376 1843300 2309952 4083680 4310952 15347260 152679 152679 222704 269539 98255 164991 264362 1019851 142291732 362868340 0.66670 0.77170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2017 AMOUNT: $ 222,704. 2018 AMOUNT: $ 269,539. 2019 AMOUNT: $ 98,255. 2020 AMOUNT: $ 132,573. 2021 AMOUNT: $ 264,362. INSURANCE PROCEEDS - 2020 AMOUNT: $ 32,418. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 5516 5516 0 PART II-B, LINE 1: THE FIVE MEMBER COLLEGES OF THE SOUTH DAKOTA FOUNDATION FOR INDEPENDENT COLLEGES HAVE AGREED TO SHARE EQUALLY IN THE EXPENSES FOR A LOBBYIST. THE AMOUNT REPORTED REFERENCES AUGUSTANA'S PORTION. 2 0 147000 3991721 1 1 0 161138 X X X 0 0 1 X 114087452 5960623 -6658198 5005679 108384198 92324562 3185189 23553768 4976067 114087452 89799218 2704650 4536438 4715744 92324562 88560277 2905812 2167919 3834789 89799219 82170150 2863531 7190488 2075691 1588201 88560277 0.01787 0.73424 0.24789 1 0 903145 903145 120692121 56637063 64055058 9238042 11898869 -2660827 13537373 4229322 9308051 44659991 44659991 116265418 OTHER INVESTMENTS 6690554 F CSV OF LIFE INS POLICIES 1431220 C HEDGE FUNDS AND PARTNERSHIPS 14243852 F REAL ESTATE AND COMMODITIES FUNDS 4208304 F 26573930 ANNUITY OBLIGATIONS 860659 860659 X 93474077 -13338948 415732 -12923216 106397293 162335 37192089 37354424 143751717 61141404 516215 516215 60625189 162335 37192089 37354424 97979613 PART III, LINE 4: THE COLLECTION CONSISTS OF SIX PAINTINGS OF HISTORICAL EVENTS THAT ARE AVAILABLE FOR PUBLIC VIEWING. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS INCLUDE THE ESTIMATED LIABILITY UNDER VARIABLE CHARITABLE TRUSTS AND FUNDS HELD UNDER AGENCY RELATIONSHIPS. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY RELATED TO SCHOLARSHIPS AND TO SUPPLEMENT SALARY AND EXPENSE BUDGETS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT AUGUSTANA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, AUGUSTANA IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY UNRELATED INCOME UNDER SECTION 511 OF THE CODE. AUGUSTANA FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED AUGUSTANA'S TAX POSITIONS AND CONCLUDED THAT AUGUSTANA HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AUGUSTANA FILES AN INFORMATIONAL 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION. AUGUSTANA HAS NO FEDERAL OR STATE EXAMINATIONS CURRENTLY IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 16,052. SPECIAL EVENT EXPENSES 136,070. RENTAL EXPENSES 263,610. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 37,192,089. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 136,070. COST OF GOODS SOLD 16,052. RENTAL EXPENSES 263,610. ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE 100,483. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 37,192,089. 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 OF AUGUSTANA'S BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS INCLUDE THE RACIALLY NONDISCRIMINATORY POLICY. FURTHERMORE, ALL WRITTEN ADVERTISING GIVEN TO PROSPECTIVE STUDENTS CONTAINS THE POLICY STATEMENT. SCHEDULE E, PART I, LINE 6 AUGUSTANA UNIVERSITY RECEIVED FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF SOUTH DAKOTA. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 5770794 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING FINANCIAL AID 62750 EAST ASIA AND THE PACIFIC 0 0 GRANDMAKING FINANCIAL AID 430944 EUROPE 0 0 GRANTMAKING FINANCIAL AID 152528 NORTH AMERICA 0 0 GRANTMAKING FINANCIAL AID 79172 SOUTH AMERICA 0 0 GRANTMAKING FINANCIAL AID 194245 SUB-SAHARAN AFRICA 0 0 GRANTMAKING FINANCIAL AID 357109 EUROPE 0 0 INVESTMENTS N/A 4366466 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING FINANCIAL AID 11750 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING FINANCIAL AID 132442 SOUTH ASIA 0 0 GRANTMAKING FINANCIAL AID 355823 0 0 0 0 0 0 11414008 500015 11914023 INSTITUTIONAL AID CENTRAL AMERICA AND THE CARIBBEAN 3 62750 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EAST ASIA AND THE PACIFIC 21 430944 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EUROPE 13 152528 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID MIDDLE EAST AND NORTH AFRICA 1 11750 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID RUSSIA AND NEIGHBORING STATES 6 132442 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH AMERICA 6 194245 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH ASIA 17 355823 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SUB-SAHARAN AFRICA 18 357109 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID NORTH AMERICA 2 79172 STUDENT ACCOUNT N/A N/A 1 0 1 1 0 0 PART I, LINE 2: AUGUSTANA HAS A POLICY AND PROCEDURE MANUAL THAT IS FOLLOWED WHEN DETERMINING NEED AND THE ORDER IN WHICH GRANTS ARE AWARDED TO STUDENTS. GRANT FUNDS ARE MONITORED THROUGH ELECTRONIC COMPLIANCE CHECKS IN OUR STUDENT DATA SOFTWARE. CHECKS AND BALANCES ARE IN PLACE TO ENSURE PROPER AUTHORIZATION AND DISBURSEMENT OF FEDERAL FUNDS. INDIVIDUALS THAT HAVE RESPONSIBILITY FOR THESE FUNCTIONS ARE ORGANIZED INDEPENDENTLY FROM ONE ANOTHER. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: BOOSTER AUCTION 163129 24476 138653 10788 32918 BOOSTER MILANOVICH GOLF TOURNEY 43760 8530 35230 3908 9750 4470 2787 5 96223 9129 87094 5785 6784 20716 20577 10198 303112 42135 260977 5785 10692 30466 35835 45903 128681 132296 1 AUGUSTANA GRANTS AND SCHOLARSHIPS 1592 30960791 N/A N/A ENDOWED AND ANNUAL SCHOLARSHIPS 830 3979615 N/A N/A SEOG GRANTS 317 535952 N/A N/A CARES ACT FUNDS 2089 1625890 N/A N/A PART I, LINE 2: AUGUSTANA HAS A POLICY AND PROCEDURE MANUAL THAT IS FOLLOWED WHEN DETERMINING NEED AND THE ORDER IN WHICH GRANTS ARE AWARDED TO STUDENTS. GRANT FUNDS ARE MONITORED THROUGH ELECTRONIC COMPLIANCE CHECKS IN OUR STUDENT DATA SOFTWARE. CHECKS AND BALANCES ARE IN PLACE TO ENSURE PROPER AUTHORIZATION AND DISBURSEMENT OF FEDERAL FUNDS. INDIVIDUALS THAT HAVE RESPONSIBILITY FOR THESE FUNCTIONS ARE ORGANIZED INDEPENDENTLY FROM ONE ANOTHER. 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS BILLETER HEAD BASKETBALL COACH 368974 0 0 0 0 0 8831 0 10956 0 388761 0 0 0 STEPHANIE HERSETH SANDLIN PRESIDENT 281886 0 0 0 0 0 21284 0 23350 0 326520 0 0 0 SHANNAN NELSON CFO 182084 0 0 0 0 0 13242 0 11087 0 206413 0 0 0 COLIN IRVINE VPAA 161168 0 0 0 0 0 12260 0 14479 0 187907 0 0 0 PAMELA HOMAN CHIEF STRATEGY OFFICER 153908 0 0 0 0 0 11395 0 9376 0 174679 0 0 0 MATTHEW VOLANSKY DIR, DPT PROGRAM 146268 0 0 0 0 0 5643 0 0 0 151911 0 0 0 A COUNTY OF LINCOLN SOUTH DAKOTA 466000082 53340EAD9 2021-05-11 75969440 CONSTRUCTION, EQUIP STUDENT HOUSING, INFRASTRUCTURE, AND REFUND PRIOR BONDS 0 0 0 A 75969440 1520132 29176 1505406 31247086 23006581 18690235 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 15 1213798 QUOTED MARKET PRICE 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION USES REALTORS, BROKERS, AND AUCTIONEERS AS NEEDED FOR SALES EXPERTISE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SHALL CONSIST OF THE BOARD CHAIR, VICE CHAIR, AND SECRETARY, AND THE CHAIR OF THE BOARD'S STANDING COMMITTEES. THE IMMEDIATE PAST BOARD CHAIR SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE FOR ONE YEAR FOLLOWING EXPIRATION OF HIS OR HER TERM AS CHAIR. THE TREASURER SHALL BE AN ADVISORY MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE FULL AUTHORITY TO THE EXTENT PERMITTED BY LAW TO ACT FOR AND ON BEHALF OF THE BOARD BETWEEN REGULAR MEETINGS OF THE BOARD. AT THE NEXT REGULAR MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL REPORT ITS DECISIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE GOVERNING DOCUMENTS WERE AMENDED AND RESTATED TO REFLECT A CHANGE IN THE ORGANIZATION'S LEGAL NAME FROM "AUGUSTANA COLLEGE ASSOCIATION" TO "AUGUSTANA UNIVERSITY ASSOCIATION". FORM 990, PART VI, SECTION A, LINE 6 THE AUGUSTANA UNIVERSITY ASSOCIATION IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA). THE CONGREGATIONAL MEMBERS OF THE ASSOCIATION CONSIST OF ALL ELCA CONGREGATIONS IN THE SOUTH DAKOTA SYNOD, NEBRASKA SYNOD, SOUTHWESTERN MINNESOTA SYNOD AND WESTERN IOWA SYNOD. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION CONSIST OF 160 DELEGATES- 40 DELEGATES FROM EACH OF THE FOUR SUPPORTING SYNODS - AND ALL ELECTED MEMBERS FOR THE BOARD OF TRUSTEES. EACH SYNOD MAY DEVELOP ITS OWN PROCESS FOR ELECTING OR APPOINTING VOTING DELEGATES PROVIDED THAT EACH ELCA DESIGNATED CONFERENCE OR CLUSTER WITHIN THE SYNOD IS REPRESENTED BY A MINIMUM OF ONE CLERGY DELEGATE AND ONE LAY DELEGATE. FORM 990, PART VI, SECTION B, LINE 11B STAFF PREPARE ANSWERS AND DOCUMENTATION WHICH IS REVIEWED BY THE ASSOCIATE VICE PRESIDENT FOR FINANCE PRIOR TO SUBMISSION TO THE PAID PREPARER. THE ASSOCIATE VICE PRESIDENT FOR FINANCE IS IN CONSTANT CONTACT WITH THE PAID PREPARER DURING THE FORM 990 PREPARATION PROCESS. PRIOR TO SUBMISSION, KEY AUGUSTANA STAFF AND SELECTED BOARD MEMBERS REVIEW THE DOCUMENT AND AUTHORIZE SUBMISSION. A COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY AND ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY FILE A STATEMENT REGARDING POTENTIAL CONFLICTS AND DISCLOSING ANY POTENTIAL ISSUES. WHEN A TRUSTEE BELIEVES THAT HE OR SHE MAY HAVE EITHER AN ACTUAL OR PERCEIVED CONFLICT WITH REGARD TO A PARTICULAR DECISION TO BE MADE BY THE TRUSTEES, THAT TRUSTEE WILL ADVISE THE OTHER TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY ABOUT THE ACTUAL OR POTENTIAL CONFLICT AND REFRAIN FROM VOTING ON THE ISSUE AND THE MINUTES OF THE MEETING SHALL INDICATE THAT THE TRUSTEE MADE A DISCLOSURE REGARDING AN ACTUAL OR POTENTIAL CONFLICT AND THAT THE TRUSTEE ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS CALCULATED WITHIN BUDGET CONSTRAINTS USING A VARIETY OF DATA GATHERING TOOLS. NATIONAL AVERAGE AND MEDIAN SALARY INFORMATION IS COLLECTED ALONG WITH AVERAGE AND MEDIAN INFORMATION FROM INSTITUTIONS OF SIMILAR SIZE AND PURPOSE. AMOUNTS ARE APPROVED THROUGH A BUDGETING PROCESS AND ARE THEN BROUGHT BEFORE THE BOARD OF TRUSTEES SUBCOMMITTEES, AND ULTIMATELY THE BOARD OF TRUSTEES FOR APPROVAL. IN THEIR SUPERVISORY ROLE OVER THE PRESIDENT, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INVESTS SPECIFIC TIME STUDYING THESE NUMBERS IN REGARD TO THE PRESIDENT'S SALARY. THEIR RECOMMENDATION IS USED TO CONVEY THE PRESIDENT'S CONTRACT AMOUNT TO THE VICE PRESIDENT FOR HUMAN RESOURCES EACH YEAR. THIS PROCESS LAST OCCURRED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE -100,483. FORM 990, PART XIII, LINE 2C: NO CHANGES TO THE AUDIT OVERSIGHT PROCESS FROM PRIOR YEAR. CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT SD AUGUSTANA UNIVERSITY T 1 CHARITABLE REMAINDER ANNUITY TRUST (1) INVESTMENT SD AUGUSTANA UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1