2022-02-17T07:50:11-06:00 2021-05-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-06-01 420680408 Clarke University of Dubuque Iowa CLAR 5635886315 1550 Clarke Drive Dubuque IA 52001 Elizabeth McGrath Treasurer/VP for Business 5635886315 2022-02-09 1 Elizabeth McGrath 999009999 Kim Hunwardsen CPA P00484560 6122536500 2022-02-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Thomas D Chesney 1550 Clarke Drive Dubuque IA 52001 38456359 0 0928 X www.clarke.edu X 1843 IA Catholic, co-educational, liberal arts university educating at post-secondary & graduate level 23 22 620 22 0 0 4195915 4605047 31314836 31657151 530914 1696212 69334 106917 36110999 38065327 11674050 12617872 0 0 15839866 16207764 109553 93600 1202881 9380586 9452890 37004055 38372126 -893056 -306799 71480887 75835703 13630957 11277654 57849930 64558049 X We are a Catholic, co-educational, liberal arts university founded in 1843 by the Sisters of Charity of the Blessed Virgin Mary in Dubuque, Iowa. Clarke educates students at the post-secondary level in the liberal arts and sciences, the fine arts, selected professional programs, and graduate programs.We, the faculty, students, staff and administration are a caring, learning community committed to excellence in education. We provide a supportive environment that encourages personal and intellectual growth, promotes global awareness and social responsibility, and deepens spiritual values. 0 0 21635565 12173627 27785156 Clarke University is a 4-year non-profit liberal arts and sciences university focused on progressing with the times. Humble beginnings have developed into over 30 undergraduate and 6 graduate programs, including a best-in-class adult education program. We are an institution guided by steadfast principles. We believe one-on-one learning is the ratio for future scholars and laureates. We understand that without proper connections, a quality education is moot. We recognize that easy access to our educators is what sets us apart. It is more than a pledge. It is a progressive framework that has guided us for more than one-and-a-half centuries.Clarke confers the Associate of Arts (AA), Bachelor of Arts (BA), Bachelor of Science (BS), Bachelors of Applied Studies (BAS), Bachelors of Social Work (BSW), Bachelor of Science in Nursing (BSN), Bachelor of Fine Arts (BFA), Master of Arts in Education (MAE), Master of Business Administration (MBA), Master of Organizational Leadership (MOL), Master of Social Work (MSW), Doctor of Nursing Practice (DNP) and Doctor of Physical Therapy (DPT).Over 855 students come from 39 states and ten countries. The average ACT score of the 2020 freshman class was 22 and the average high school grade-point-average was 3.46. In the last five years, an average of 98 percent of survey respondents reported being employed in their field or continuing their education post graduation. The student/faculty ratio is 8:1.During the 2020-2021 academic year, 100 percent of Clarke's full-time, day-time students (who were eligible, and applied) received financial aid in the form of scholarships, grants, loans, and work-study. Students are encouraged to apply for financial aid. Clarke University offers a variety of merit scholarships to students that include academic, athletic talent, fine arts and other scholarships.Clarke University does not discriminate on the basis of gender, sex, race, color, national or ethnic origin, sexual orientation, age or disability in the educational programs which it conducts or in its employment policies, practices and procedures. Clarke University complies with all pertinent state and federal regulations concerning affirmative action, nondiscrimination and equal employment opportunity. 7358879 3769172 Auxiliary Enterprises: Programs available to all 855 students including the residence halls, board plans and athletics. Residence Hall capacity is 571 with occupancy of 370, or 65%. In the fall of 2020, all 370 resident students also had board plans with food service. 3191410 444245 102823 Student services: Resources provided to all 855 students by student activities, health services, counseling center, career center, admissions and financial aid. 1392907 Academic support programs 1392907 33578761 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 30 0 1 620 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Thomas D Chesney 5635886385 1550 Clarke Drive Dubuque IA 52001 Thomas D Chesney President and Trustee 40.00 X X 269377 0 63135 William Biebuyck VP Institutional Advancement 40.00 X 167880 0 16790 Susan R Burns PhDJun-Dec Provost/VP of Academic Affairs 40.00 X 153049 0 24029 Elizabeth A McGrath Treasurer-VP Business/Finance 40.00 X 154108 0 18091 Kathleen Zanger VP of Student Life 40.00 X 113143 0 26981 Paula A Schmitt Jan-May Provost/VP of Academic Affairs 40.00 X 95331 0 25858 Mary Rose Corrigan Psihoyos Chair 1.00 X X 0 0 0 Jane Daly Seaberg Vice Chair 1.00 X X 0 0 0 Ann McDonough Secretary 1.00 X X 0 0 0 Jenifer Collins Westphal Trustee 1.00 X 0 0 0 Kathleen Antol BVM Trustee 1.00 X 0 0 0 Suzanne McGovern Juergens Trustee 1.00 X 0 0 0 Robert H Walhert Trustee 1.00 X 0 0 0 Margaret Mary Cosgrove BVM MBA, Trustee 1.00 X 0 0 0 Mark D Wahlert Trustee 1.00 X 0 0 0 Mary Ann Zollmann BVM PhD Trustee 1.00 X 0 0 0 Jane Skelley Carroll Trustee 1.00 X 0 0 0 Jason M Knockel Trustee 1.00 X 0 0 0 Daniel Rank Trustee 1.00 X 0 0 0 Teri Hadro BVM Trustee 1.00 X 0 0 0 Gail Coury Bukolt Trustee 1.00 X 0 0 0 Fr Mark Ressler Trustee 1.00 X 0 0 0 Timothy J Conlon Trustee 1.00 X 0 0 0 Cathy Schulze Trustee 1.00 X 0 0 0 Ardell Sanders Trustee 1.00 X 0 0 0 Maureen Quann Trustee 1.00 X 0 0 0 Regina M Qualls BVM Trustee 1.00 X 0 0 0 Margaret Geraghty BVM PhD Trustee 1.00 X 0 0 0 952888 0 174884 5 0 1 0 EAB Global Inc 2445 M St NW Washington DC 20037 Education consulting 216959 Buzz Creative Group LLC 29271 Centerville Rd LaMotte IA 52054 Advertising 193788 Ellucian Company LP 2003 Edmund Halley Drive Reston VA 20191 Software services 175326 Tri-State Travel PO Box 307 Galena IL 61036 Travel Services 168355 The Registry Three Centennial Drive Peabody MA 01960 Nursing chair services 154000 7 26634 2929360 1649053 47832 4605047 Tuition & Fees 611310 27785156 27785156 Auxiliary Enterprises 611710 3769172 3769172 Conferences & Events 611710 3157 3157 99666 99666 31657151 766880 766880 38861 0 38861 38861 38861 1205142 275810 929332 929332 929332 7719 26634 17894 -10175 -10175 175559 97328 78231 78231 38065327 31657151 0 1803129 12617872 12617872 661559 91738 477808 92013 11966960 10442854 978293 545813 452583 358316 70806 23461 2248353 2029622 150394 68337 878309 705255 135313 37741 19030 19030 65982 65982 93600 93600 90077 90077 1208227 860863 250748 96616 226629 226629 1944228 1709972 163107 71149 489894 163298 163298 163298 5671 5671 508260 504320 3900 40 58813 48236 7704 2873 200107 178052 22055 2261168 2011952 249216 18855 18855 Repairs and Maintenance 1815715 1624021 191694 Memberships 163008 58280 104728 Campus Events 137748 117971 11837 7940 Bad Debt Expense 121655 2109 119546 117823 29504 88319 38372126 33578761 3590484 1202881 1610 1810 5624132 3222707 741051 503441 647210 695086 80960 303356 404166 78334450 45069887 34874119 33264563 16305249 24292885 10245384 10438701 1317973 1122249 1420803 1809135 71480887 75835703 1699397 2000199 849177 758118 5884203 5661747 71715 96714 422006 332654 2123643 0 2580816 2428222 13630957 11277654 X 40789134 43059438 17060796 21498611 57849930 64558049 71480887 75835703 X -306799 7005581 9337 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 1 X 26415457 296682 7998072 328816 764161 89996 33527238 26522267 1021972 -57960 356705 644149 69968 26415457 27594783 579900 -366658 367113 853340 65305 26522267 26910533 515462 1769918 639086 897890 64154 27594783 24259677 1668915 2606295 665977 863963 94414 26910533 0.48715 0.43695 0.07590 0 0 390119 390119 60939333 32609506 28329827 10997513 9067955 1929558 6007485 3392426 2615059 33264563 Cash value of life insurance 351220 F Dubuque Foundation Trust 13123 F Real Estate 15200 C Common Trust Funds 8356353 F Pooled Investment Fund 1702805 F 10438701 Due to US Government - loan programs 1260129 Conditional asset retirement obligation 1162589 Annuities Payable 5504 2428222 X 33014062 7005581 7005581 26008481 12056846 12056846 38065327 26305943 0 26305943 12066183 12066183 38372126 Part III, Line 4: The collection consists of a limited heritage edition of world-renowned Saint John's Bible. The heritage edition is a completely handwritten and illustrated re-creation of the original Saint John's Bible. The Saint John's Bible is a significant representation of the Word of God and a compelling work of art. This rare gift to Clarke will serve as a testament to our Catholic heritage and it will be a source of pride for the University and community. The University plans to exhibit the Bible as volumes are received and is planning a speaker series to accompany each volume's arrival. Part IV, Line 2b: Student deposit accounts are held by the University for various student groups on campus. Part V, Line 4: The endowment funds are invested to provide for total return. Spending from the endowment supports scholarship and other educational activities. Part X, Line 2: The University believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Scholarships and grants included in expenses for Form 990 12,081,991. Investment managment fees included in expenses for Form 990 90,077. Fundraising expenses included in revenue for Form 990 -17,894. Cost of Goods Sold included in revenue for Form 990 -97,328. Part XII, Line 4b - Other Adjustments: Scholarships and grants included in expenses for Form 990 12,081,991. Investment managment fees included in expenses for Form 990 90,077. Fundraising expenses included in revenue for Form 990 -17,894. Cost of Goods Sold included in revenue for Form 990 -97,328. Change in endowment interest included in expenses on financial statements 9,337. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Clarke does not make any public disclosures in the media regarding its nondiscrimination policy when recruiting students. However, Clarke does include a statement in the Magazine of Clarke, the website and other printed materials such as brochures and applications. All public job postings include a statement that Clarke is an equal opportunity employer. Schedule E, Part I, Line 6 Financial aid or assistance from a governmental agency is distributed to students using federally approved financial need analysis criteria. X X X X X X X 1 EAB-Advancement Services PO Box 603519 Charlotte NC 28260 Fall, holiday, and spring appeals 0 0 93600 -93600 93600 -93600 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC Celebrity Golf Classic 34353 26634 7719 4565 5328 2951 5050 34353 26634 7719 4565 5328 2951 5050 17894 -10175 1 Endowed Awards 64 6227 Federal SEOG grants 214 190366 Institutional scholarships 3677 11569373 Endowed Scholarships 251 316025 Tuition remission & other waivers 20 210525 Tuition exchange 13 325356 Part I, Line 2: Grants and scholarships are awarded to students based on specific criteria detailed in the various grant/scholarship agreements. Members of the financial aid office and various scholarship/award committees review records for all potential recipients to ensure that the scholarship/award is being awarded properly. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Thomas D Chesney President and Trustee 264982 0 0 0 4395 0 13240 0 51059 0 333676 0 0 0 William Biebuyck VP Institutional Advancement 165429 0 0 0 2451 0 10912 0 6768 0 185560 0 0 0 Susan R Burns PhDJun-Dec Provost/VP of Academic Affairs 150920 0 0 0 2129 0 5338 0 19423 0 177810 0 0 0 Elizabeth A McGrath Treasurer-VP Business/Finance 151899 0 0 0 2209 0 9898 0 9007 0 173013 0 0 0 Part I, Line 1a Thomas D. Chesney, President, receives a housing non-taxable benefit which is reported as other compensation on Form 990, Part VII, Section A, Column (F) and Schedule J, Page 2, Part II, Column (D). A plaque in the house states the house was donated to Clarke for use as the Presidential residence. The President conducts significant business activities and university related entertainment on university property. The residence is owned by Clarke and designated the Official University Presidential House. The Organization pays country club dues on behalf of Thomas D. Chesney, President and William Biebuyck, Vice President for Institutional Advancement. The employees use the country club for business purposes and understand that personal use would be a taxable benefit. Part I, Line 1b The Organization does not have its own written policy regarding payment or reimbursement of expenses for the country club dues, however it follows the IRS tax law related to taxable employer benefits for the employees for which the University pays country club dues. A Iowa Higher Education Loan Authority 421235696 000000000 2019-05-31 6083587 Refunding bonds issued 1/22/98 and 5/25/12 0 0 0 A 421840 6083587 6083587 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 7 38617 Avg price-day of donatio X Auction items 22 9215 Cost or Selling Pric 0 0 1 0 Part I, Column (b): Part I, column (b) is the number of contributions. Form 990, Part VI, Section A, line 1 The Chair of the Board of Trustees at each annual meeting appoints an Executive Committee which consists of the Chair of the Board of Trustees, the President of the University, the President of the Sisters of Charity of the Blessed Virgin Mary and not less than five nor more than eleven members selected from the Board of Trustees. The Executive Committee has full charge of the affairs of the corporation between regular meetings of the Board of Trustees, subject to the conditions or limitations hereinafter imposed. Excluded from the powers and authority of this Committee are the following: 1. Power to adopt, amend or repeal the Articles of Incorporation or Bylaws; 2. Election of officers of or filling vacancies on the Board of Trustees; 3. Election of or removal of officers of the corporation; 4. Power to act on mergers or consolidations; 5. Appointment of or discharge of standing committees of the Board of Trustees; 6. Undertaking or authorization of major financing, as defined by the Debt Policy, unless specifically authorized to undertake and to negotiate financing in excess of such amount by the Board of Trustees; 7. Authority to fix officers' compensation unless specially authorized by the Board of Trustees; 8. Power to fix student fees, room and board charges, or tuition, except after presentation to the Board of Trustees and then only within the parameters as are set by the Board of Trustees; 9. Sale, lease or disposition of real estate; 10. Such other aspects of the corporation's business as the Board of Trustees may from time to time by resolution specifically restrict; 11. Confer degrees, earned or honorary. Form 990, Part VI, Section A, line 2 Mark Wahlert and Robert Wahlert have a family relationship. Form 990, Part VI, Section B, line 11b The review of the Form 990 is delegated by the Board of Trustees of Clarke University to the Audit Committee comprised of members of management of Clarke and several Trustees who serve on the Board. Any revisions are made and subsequently approved by the committee prior to the full board meeting. All Trustees receive a final copy of the Form 990 with Schedule B redacted after it is approved by the Audit Committee and before it is filed with the IRS. Form 990, Part VI, Section B, line 12c Any duality of interest or possible conflict of interest on the part of any Board of Trustee member shall be disclosed to the other members of the board of Trustees and made a matter of record through an annual procedure and also when the conflict of interest becomes a matter of action by the Board of Trustees. Any Board of Trustee member having a duality of interest or possible conflict of interest on any matter shall not vote or use his or her personal influence on the matter, and he or she shall not be counted in determining the quorum situation. The foregoing requirements shall not be construed as preventing the Board of Trustee member from briefly stating his or her position in the matter, nor from answering the pertinent questions of other Board of Trustee members since his or her knowledge may be of great assistance. Any new member of the Board will be advised of this policy upon entering upon the duties of his and her office. Form 990, Part VI, Section B, line 15 The Board has a conversation during an executive session meeting each January regarding the President's compensation and the contract terms. A small ad hoc group composed of the Chair, Vice Chair, and Trustee/legal counsel meet to discuss the President's compensation. They review comparative salaries and benefits for other presidents in the Iowa Association of Independent College & Universities (IAICU), and prepare a recommendation for the full Board to approve. The recommendation is approved or rejected by the Board at the April meeting. The Audit Committee reviews the compensation for the other officers of the Organization and uses comparability data from the IAICU for similar positions. The other officers receive the same compensation increase as other salaried and faculty employees on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and audited financial statements of Clarke University are available upon request. In addition, our university-wide conflict of interest policy is available on our website in the employment manual. Our financial statements are also posted on the National Association of College and University Business Officers' website. Form 990, Part XI, line 9: Annuity Adjustment 9,337. Charitable Remainder Trust Charitable income AZ N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0