2023-11-14T15:52:37-06:00 2023-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2022-07-01 420730347 DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER DESM 5152711585 8025 GRAND AVENUE WEST DES MOINES IA 50266 MARK J PEIFFER SENIOR VP AND CFO 5152711585 2023-11-15 1 MARK PEIFFER XXX-XX-XXXX 0 SHAWNA HULS P01315330 3192985333 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 8025 GRAND AVENUE WEST DES MOINES IA 50266 444149491 0 X WWW.DMU.EDU X 1898 IA TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 23 23 1212 976 105362 90569 3277631 5519460 72528096 74585967 6767093 1082338 436975 401949 83009795 81589714 2667906 3001497 0 0 40982817 42448814 0 0 1256292 25748990 32882552 69399713 78332863 13610082 3256851 452209076 512471225 223803535 268058170 228405541 244413055 X TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 0 0 45296864 3001497 71054534 THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,527 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/23. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING NINE GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING. 7785380 0 3881131 THE UNIVERSITY HOUSES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH QUALITY, COST EFFICIENT PATIENT CARE. THE MULTI-SPECIALTY FACULTY GROUP CONSISTING OF 29 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR OVER 34,000 PATIENT VISITS ACROSS 6 SPECIALTIES AND 2 LOCATIONS. CLINIC STAFF AND PROVIDERS WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS SUCH AS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY'S CLINIC SERVES THE GROWING IMMIGRANT AND REFUGEE POPULATION. IN THE LAST FISCAL YEAR THE UNIVERSITY'S CLINIC PROVIDED NEARLY 1,100 PATIENT APPOINTMENTS FOR PATIENTS REQUIRING AN INTERPRETER, INCLUDING 775 REFUGEE PHYSICALS AND FOLLOW UP APPOINTMENTS. THE UNIVERSITY'S CLINIC PROVIDED OVER $10,000 IN FREE OR DISCOUNTED HEALTH CARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY AND SELF-PAY DISCOUNTS, PROVIDES RENT-FREE SPACE TO THE SENIOR HEALTH INSURANCE PROGRAM (SHIP) THROUGH WHICH 245 SENIORS WERE SERVED, AND ALSO SERVES MEDICARE AND MEDICAID PATIENTS TO BENEFIT THE COMMUNITY IT SERVES. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL SOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. 53082244 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2158 0 1 1212 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL KY MA MD MI NH NY OR PA SC WI X JARREN S HUMMEL 5152711585 8025 GRAND AVENUE WEST DES MOINES IA 50266 DAVID L KAPASKA DO CHAIR 1.50 X X 0 0 0 SALLY K MASON PHD VICE CHAIR 1.50 X X 0 0 0 MARY A RADIA DO SECRETARY 1.50 X X 0 0 0 MARK C MENADUE DO JD TREASURER 1.50 X X 0 0 0 LARRY J BAKER DO TRUSTEE 1.50 X 0 0 0 ERIC BARP DPM TRUSTEE 1.50 X 0 0 0 BARRY BRAVER DO TRUSTEE 1.50 X 0 0 0 HIJINIO CARREON DO TRUSTEE 1.50 X 0 0 0 JAY CHRISTENSEN TRUSTEE 1.50 X 0 0 0 ANTHONY COLEMAN TRUSTEE 1.50 X 0 0 0 MARCIA L HAMMERS TRUSTEE 1.50 X 0 0 0 C RENEE HARDMAN TRUSTEE 1.50 X 0 0 0 W HAL HATCHETT DPM TRUSTEE 1.50 X 0 0 0 MICHAEL J HELAK TRUSTEE 1.50 X 0 0 0 VICTORIA L HERRING JD TRUSTEE 1.50 X 0 0 0 LAURA J JACKSON TRUSTEE 1.50 X 0 0 0 KARL F KEELER TRUSTEE 1.50 X 0 0 0 WAYNE H MCKINNEY JR JD TRUSTEE 1.50 X 0 0 0 S AHMED MERCHANT TRUSTEE 1.50 X 0 0 0 NICKI NIGRO DPM TRUSTEE 1.50 X 0 0 0 STEPHEN RICHARDS DO TRUSTEE 1.50 X 0 0 0 STANLEY E SKOPIT DO TRUSTEE 1.50 X 0 0 0 DAVID STARK TRUSTEE 1.50 X 0 0 0 BERNARD SWIFT DO TRUSTEE 1.50 X 0 0 0 MICHAEL C WITTE DO TRUSTEE 1.50 X 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 40.00 X 850006 0 138789 MARK J PEIFFER SENIOR VP AND CFO 40.00 X 372235 0 21913 KIMBERLY BROWN PHD VICE PRESIDENT, CAO 40.00 X 254174 0 40190 STEVEN HALM DO DEAN 40.00 X 392734 0 36394 WALLACE BOEVE EDD DEAN 40.00 X 220439 0 45126 KEVIN SMITH DPM PHD DEAN 40.00 X 222451 0 30203 JOSE FIGUEROA CASANOVA DO FACULTY 40.00 X 284940 0 35152 SARAH PARROTT DO FACULTY 40.00 X 280477 0 37720 ADRIAN WOOLLEY DO FACULTY 40.00 X 280079 0 37082 ADAM BERTROCHE DO FACULTY (UNTIL 01/23) 40.00 X 272990 0 41227 PAUL A SCHENARTS MD ASSOCIATE DEAN 40.00 X 265766 0 812 3696291 0 464608 106 0 1 0 TURNER CONSTRUCTION 500 LOCUST ST STE 103 DES MOINES IA 50309 CONSTRUCTION SERVICES 122130739 RDG IA INC 301 GRAND AVE DES MOINES IA 50309 CONSULTING SERVICES 4033589 HEARTLAND BUSINESS SYSTEMS LLC 7745 OFFICE PLAZA DR WEST DES MOINES IA 50266 NETWORK AND CONSULTING SERVICES 3040580 UG2 LLC 2 COPLEY PL TOWER 2 SUITE 110 BOSTON MA 02116 FACILITIES MANAGEMENT 3026428 AVI SYSTEMS INC 3001 104TH ST URBANDALE IA 50322 TECHNOLOGY EQUIPMENT & SERVICES 2868669 41 1290462 2583700 1645298 157913 5519460 TUITION & FEES 611710 70704836 70704836 PATIENT CARE 621110 3881131 3881131 74585967 4063000 105362 3957638 279 279 151370 67940 83430 83430 83430 359468446 362440007 9101 -2971561 -9101 -2980662 -2980662 11550 1290462 42729 -31179 -31179 CONFERENCE INCOME 900099 141704 141704 LEASE EMPLOYEES 541900 140833 140833 INSURANCE PROCEEDS 900099 13730 13730 53152 53152 349419 81589714 74935665 105362 1029227 3001497 3001497 2704565 957339 1747226 31612083 25111910 5700858 799315 2521961 1973738 480046 68177 3319774 2550926 694086 74762 2290431 1770237 467431 52763 93226 93226 112180 112180 25500 25500 506690 506690 5524708 4417658 1107050 330360 330360 1241410 869372 361450 10588 3706215 484797 3207704 13714 2263818 1967296 296522 394728 273142 60642 60944 143381 44157 99224 1958304 1297154 661150 3886689 3039538 847151 604218 96289 507929 EQUIP/SOFTWARE (NON-CAP 6462664 197904 6264760 AFFIL. CLINICAL PROGRAM 2124470 2124470 LIBRARY BOOKS/SUBSCRIPT 1388278 1388278 UNRELATED BUS INC TAX 14452 14452 2101261 1491042 533414 76805 78332863 53082244 23994327 1256292 1600 1600 45941176 20997804 1350735 2961004 1163670 2368806 4583289 4407049 2916922 3180524 368706192 65455453 214030993 303250739 138646461 127117890 37021425 41196573 6552805 6989236 452209076 512471225 25762430 23179411 4930220 4885664 4692942 4929672 185673533 233139491 323980 273060 2420430 1650872 223803535 268058170 X 207389047 223082044 21016494 21331011 228405541 244413055 452209076 512471225 X 3256851 11934894 109000 706769 X 0 1 X 1 1 1 X 3696057 5658470 4802521 3277631 5519460 22954139 3696057 5658470 4802521 3277631 5519460 22954139 1893302 21060837 5134375 4186116 4935352 2409834 4109287 20774964 9809 5589 67865 90569 173832 43902935 348237943 0.47970 0.43230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 0 1 30113 1 0 0 30113 0 PART II-B, LINE 1: CERTAIN MEMBERS OF THE BOARD OF TRUSTEES, UNIVERSITY PERSONNEL, STUDENTS AND FRIENDS OF THE UNIVERSITY ATTEND VARIOUS ACTIVITIES WITH LEGISLATORS THROUGHOUT THE YEAR INCLUDING BOTH LOCAL/STATE AND NATIONAL EVENTS. THE OVERSIGHT OF THE UNIVERSITY'S LOBBYING ACTIVITIES ARE PRIMARILY THROUGH THE UNIVERSITY'S CHIEF EXTERNAL AND GOVERNMENTAL AFFAIRS (CEGA) OFFICER TO REPRESENT THE UNIVERSITY FOR STATE AND FEDERAL ISSUES AND DETERMINE THE POSITION OF THE UNIVERSITY WITH INPUT FROM SENIOR LEADERSHIP ON THE LEGISLATIVE AGENDA. THE CEGA ALSO RESPONDS TO THE POSITION OF THE UNIVERSITY ON SPECIFIC TECHNICAL BILLS AND LEGISLATIVE ITEMS. THE UNIVERSITY HAS UTILIZED EXTERNAL LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT IN PROVIDING DIRECTION, MONITORING AND ANALYSIS OF BILLS BEING INTRODUCED AT THE STATE OF IOWA LEGISLATURE. SUCH COUNSEL HAS PROVIDED GUIDANCE ON THE STATUS OF APPROPRIATIONS FOR EXISTING STATE OF IOWA LEGISLATION WHICH PROVIDES FINANCIAL SUPPORT TO UNIVERSITY STUDENTS. IN ADDITION, COUNSEL HAS BEEN PROVIDED ON PROPOSED LEGISLATION WHICH WOULD EXPAND SUCH FINANCIAL SUPPORT FOR STUDENTS. LOBBYING EXPENSES ALSO INCLUDE $3,302 OF EXECUTIVE MANAGEMENT STAFF AND TRAVEL RELATED EXPENSES FOR A PLANNED TRIP TO WASHINGTON D.C. TO DISCUSS UNIVERSITY FUNDING OPPORTUNITIES AND LOBBYING ACTIVITIES RELATING TO CERTAIN FEDERAL REGULATIONS IMPACTING THE UNIVERSITY AND OTHER EDUCATIONAL INSTITUTIONS. 0 1 X 75622021 2511213 11825650 1457634 8328610 506690 79665950 97752366 2033217 -16453110 1178593 6032798 499061 75622021 63737375 1702048 40277732 1529225 5827400 608164 97752366 77968795 1226962 6905603 1796093 20032320 535572 63737375 75849269 1876253 7708939 1276525 5732650 456491 77968795 0.73230 0.13770 0.13000 1 0 26588992 26588992 260277785 48815067 211462718 25706872 15219899 10486973 56132543 1420487 54712056 303250739 SEI GPA PRIVATE EQUITY 2745282 F MORGAN STANLEY MULTI-STRATEGY EQUITY 9088849 F MORGAN STANLEY PRIVATE EQUITY 9407683 F MORGAN STANLEY DIRECT LENDING 2675160 F MORGAN STANLEY REAL ESTATE DEBT 2780435 F MORGAN STANLEY INCOME FOCUSED REAL ESTATE 4909256 F MORGAN STANLEY SECONDARY EQUITY 3816173 F MORGAN STANLEY DISTRESSED OPPORTUNITIES 5773735 F 41196573 INT RATE SWAP LIAB 891699 LEASE LIABILITY 759173 1650872 X 91168488 11934894 115235 714760 12764889 78403599 506690 2679425 3186115 81589714 75160974 6235 110669 116904 75044070 506690 2782103 3288793 78332863 PART IV, LINE 2B: FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $149,466. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $123,593. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS AND SUPPORT PROGRAMS AND FACILITIES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF JUNE 30, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON BOND INTEREST RATE SWAP 714,760. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -67,940. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -42,729. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 2,790,094. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 67,940. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 42,729. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 2,790,094. LOSSES ON UNCOLLECTIBLE PLEDGES REPORTED AS EXPENSE ON AUDITED F/S -7,991. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DURING REGISTRATION BECAUSE PARAGRAPH 4.03-2(B) OF REV. PROC. 75-50 APPLIES. THE NONDISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED ADMISSIONS PUBLICATIONS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE RECEIVED INCLUDES AMOUNTS FROM THE US DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES. US DEPARTMENT OF EDUCATION PROGRAMS PROVIDING FUNDS INCLUDE THE FEDERAL DIRECT LOAN PROGRAM AND THE FEDERAL WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17538000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3816000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 6176 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 2363 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FACULTY TRAVEL 915 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL 6520 0 0 0 0 0 0 21369974 0 21369974 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHOLARSHIP DINNER 1302012 1290462 11550 10245 27365 5119 1302012 1290462 11550 10245 27365 5119 42729 -31179 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 325 2790094 0 N/A N/A FEDERAL WORK STUDY PROGRAM 80 211403 0 N/A N/A PART I, LINE 2: THE UNIVERSITY ATTEMPTS TO MAKE ADEQUATE FINANCIAL ASSISTANCE AVAILABLE TO STUDENTS WITHIN THE LIMITS OF EACH STUDENT BUDGET AND THE AVAILABILITY OF FUNDS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL PROMISE, LEADERSHIP POTENTIAL, FINANCIAL NEED AND/OR SPECIFIC GUIDELINES ESTABLISHED BY DONORS. FINANCIAL NEED IS DETERMINED ON THE BASIS OF INFORMATION PROVIDED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ADDITIONALLY, THE UNIVERSITY MAKES AVAILABLE FEDERAL WORK STUDY FUNDS TO STUDENTS IN WHICH ELIGIBLE AWARD AMOUNTS ARE ALSO BASED ON FINANCIAL NEED INFORMATION PROVIDED WITHIN THE FAFSA. WORK STUDY EXPENDED AND AVAILABLE FUNDS ARE TRACKED AND REVIEWED THROUGHOUT THE YEAR. X X 0 1 X X X X 0 1 0 0 0 0 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 822929 0 75 0 27002 0 115500 0 23289 0 988795 0 0 0 STEVEN HALM DO DEAN 390951 0 5 0 1778 0 20500 0 15894 0 429128 0 0 0 MARK J PEIFFER SENIOR VP AND CFO 370381 0 200 0 1654 0 20500 0 1413 0 394148 0 0 0 JOSE FIGUEROA CASANOVA DO FACULTY 283675 0 60 0 1205 0 20500 0 14652 0 320092 0 0 0 SARAH PARROTT DO FACULTY 279775 0 50 0 652 0 13666 0 24054 0 318197 0 0 0 ADRIAN WOOLLEY DO FACULTY 258736 0 5 0 21338 0 20500 0 16582 0 317161 0 0 0 ADAM BERTROCHE DO FACULTY (UNTIL 01/23) 272761 0 5 0 224 0 20496 0 20731 0 314217 0 0 0 KIMBERLY BROWN PHD VICE PRESIDENT, CAO 232886 0 210 0 21078 0 20500 0 19690 0 294364 0 0 0 PAUL A SCHENARTS MD ASSOCIATE DEAN 264657 0 0 0 1109 0 0 0 812 0 266578 0 0 0 WALLACE BOEVE EDD DEAN 218432 0 15 0 1992 0 20500 0 24626 0 265565 0 0 0 KEVIN SMITH DPM PHD DEAN 221955 0 5 0 491 0 7600 0 22603 0 252654 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. THE ORGANIZATION ALSO PAYS TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE FOR TRAVEL TO CERTAIN UNIVERSITY EVENTS AND IS REFLECTED APPROPRIATELY ON THE PRESIDENT'S W-2. PART I, LINE 1B THE ORGANIZATION'S PAYMENT OF SOCIAL CLUB DUES AND SPOUSAL TRAVEL FOR THE PRESIDENT ARE INCLUDED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES. MONTHLY INVOICES ARE REVIEWED BY THE SENIOR VP AND CFO FOR BUSINESS PURPOSES. ANY PERSONAL ITEM IS REQUIRED TO BE PAID TO THE CLUB ON THE DATE OF THE TRANSACTION. PRESIDENT TRAVEL EXPENSES INCLUDING SPOUSAL TRAVEL IS ALSO REVIEWED BY THE SENIOR VP AND CFO. PART I, LINE 3 THE UNIVERSITY CONTRACTS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO COMPLETE A COMPREHENSIVE ANALYSIS OF THE TOTAL COMPENSATION FOR THE PRESIDENT & CEO. THE ANALYSIS IS COMPLETED EVERY THREE YEARS AND WAS LAST COMPLETED IN 2022 DETERMINING FISCAL YEAR 2023 COMPENSATION. MARKET DATA INCLUDES THE MOST CURRENT INFORMATION AVAILABLE FROM IRS 990 FORMS, COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION DATA, AND INDUSTRY ASSOCIATIONS ALL BASED UPON COMPARISONS TO PEER INSTITUTIONS. THE EXTERNAL EVALUATIONS ARE COMPLETED TO ENSURE ALIGNMENT WITH UNIVERSITY PRESIDENTS MARKET COMPENSATION. PART I, LINE 4B THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE DISCRETIONARY CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. DISCRETIONARY CONTRIBUTIONS DURING THE YEAR TOTALED $95,000 FOR ANGELA L WALKER FRANKLIN, PRESIDENT & CEO. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2022-07-06 19695000 REFUND PRIOR ISSUE (9/25/2018) 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624607N0 2020-10-29 169173377 CONSTRUCT & EQUIP FACILITY 0 0 0 C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 46247DAF4 2022-07-07 50461213 CONSTRUCT & EQUIP FACILITY 0 0 0 A 1390000 19695000 19695000 2005 1 0 1 1 B 169376766 16269461 1220815 150176640 1709850 0 0 0 1 C 50766222 461213 50305009 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) - EXCEPTION TO REBATE COMPUTATION AS THIS WAS A REISSUANCE AND ALL PROCEEDS WERE SPENT IMMEDIATELY ON REISSUANCE DATE. (C) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2023 NOTE REGARDING THE REBATE COMPUTATION ON 6/30/2023: SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS / MARKET VALUE FLUCTUATIONS. X 2 157614 SELLING PRICE X EQUIPMENT 1 299 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE 6:VOLUNTEERS VOLUNTEERS ARE MADE UP OF BOARD MEMBERS, GUEST CLASSROOM LECTURERS, PRECEPTORS FOR CLINICAL ROTATIONS AND STUDENT VOLUNTEERS FOR COMMUNITY SERVICE ACTIVITIES. FORM 990, PART I, LINE 5:EMPLOYEES THE NUMBER OF INDIVIDUALS EMPLOYED DURING CALENDAR YEAR 2022 INCLUDES 140 GUEST LECTURERS AND 531 STUDENT TEACHING AND RESEARCH ASSISTANTS. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FORM 990 IS FILED, AN ELECTRONIC COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS ON THE BOARD OF TRUSTEES' PORTAL. THE AUDIT AND COMPLIANCE COMMITTEE MEETS TO REVIEW FORM 990 AND VOTES TO APPROVE FILING OF THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL TRUSTEES, THE PRESIDENT, AND EXECUTIVE LEADERSHIP TEAM MEMBERS WITH THE UNIVERSITY MUST COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY, INCLUDING INITIAL DISCLOSURE AT THE BEGINNING OF THEIR SERVICE, AND DISCLOSE ANY NEW POTENTIAL CONFLICTS AS THEY DEVELOP. THE CHIEF COMPLIANCE OFFICER REVIEWS INITIAL AND ANNUAL DISCLOSURE STATEMENTS AND POTENTIAL CONFLICTS ARE REVIEWED ANNUALLY BY THE AUDIT AND COMPLIANCE COMMITTEE. THE POLICY IS ADMINISTERED BY THE CHAIR OF THE BOARD FOR THE BOARD OF TRUSTEES AND THE PRESIDENT. THE POLICY IS ADMINISTERED BY THE CHIEF COMPLIANCE OFFICER FOR EXECUTIVE LEADERSHIP TEAM MEMBERS. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. A CONFLICT OF INTEREST EXISTS (1) WHEN AN INDIVIDUAL OBTAINS OR APPEARS TO OBTAIN AN IMPROPER GAIN OR ADVANTAGE AS A RESULT OF HIS/HER ACTIVITIES ON BEHALF OF THE UNIVERSITY, (2) WHEN HIS/HER ACTIVITIES ADVANCE OR APPEAR TO ADVANCE HIS/HER OWN INTERESTS OR THOSE OF ANOTHER RATHER THAN THE INTERESTS OF THE UNIVERSITY, OR (3) WHEN HIS/HER ACTIONS ADVERSELY AFFECT OR APPEAR TO ADVERSELY AFFECT THE BEST INTERESTS OF THE UNIVERSITY. INDIVIDUALS SHALL NOT PARTICIPATE IN DISCUSSIONS, VOTES, OR OTHER REPRESENTATIONS ON PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A METHOD AND PROCESS WHICH INCLUDES GATHERING COMPARATIVE DATA FROM EXTERNAL SOURCES FOR RATING POSITIONS AND DETERMINING COMPENSATION. SALARY RANGES HAVE BEEN ESTABLISHED FOR ALL UNIVERSITY POSITIONS BASED ON MARKET VALUE. IN INSTANCES WHERE SUFFICIENT COMPARATIVE DATA IS NOT AVAILABLE, THE ORGANIZATION UTILIZES MEMBERSHIP IN AN EMPLOYER'S ASSOCIATION WHICH PROVIDES HUMAN RESOURCES SERVICES IN SEVERAL AREAS INCLUDING HR CONSULTING, COMPENSATION, AND COMPLIANCE. THE EXECUTIVE COMMITTEE REVIEWS SALARIES AND RANGES OF EXECUTIVE LEADERSHIP TEAM MEMBERS IN MAY FOR SALARIES EFFECTIVE THE FOLLOWING JULY 1ST. THIS INCLUDES SALARIES FOR THE POSITIONS OF SENIOR VP AND CHIEF FINANCIAL OFFICER, DEANS, VICE PRESIDENTS, CHIEF INFORMATION OFFICER, CHIEF COMPLIANCE OFFICER, CHIEF EXTERNAL AND GOVERNMENTAL AFFAIRS OFFICER, CHIEF DIVERSITY OFFICER, EXECUTIVE DIRECTOR - CLINIC, CHIEF HUMAN RESOURCES OFFICER, AND EXECUTIVE DIRECTOR OF RESEARCH. FOR THE UNIVERSITY PRESIDENT/CEO, THE EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND EVALUATES THE PRESIDENT'S CONTRACT AND ASSOCIATED SALARY BASED UPON COMPARABLE DATA AND ESTABLISHED RANGES. THE PERFORMANCE EVALUATION IS AN IMPORTANT COMPONENT OF THE EVALUATION PROCESS. THE BOARD OF TRUSTEES APPROVES PRESIDENT'S CONTRACT AND SALARY BASED UPON COMPARABLE DATA AND PRESIDENT'S PERFORMANCE EVALUATION. THE UNIVERSITY CONTRACTS WITH AN INDEPENDENT COMPENSATION CONSULTANT EVERY THREE YEARS TO COMPLETE A COMPREHENSIVE ANALYSIS OF THE TOTAL COMPENSATION FOR THE PRESIDENT/CEO AND THIS IS REVIEWED WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AUDIT REPORT IS MADE AVAILABLE ONLINE THROUGH THE MUNICIPAL SECURITIES RULEMAKING BOARD WEBSITE FOR ELECTRONIC MUNICIPAL MARKET ACCESS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON BOND INTEREST RATE SWAP 714,760. LOSSES ON UNCOLLECTIBLE PLEDGES -7,991.