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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 INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2020 AND 2021, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2017 AND PRIOR. SCHEDULE D, PART V, LINE 4 BUENA VISTA UNIVERSITY'S ENDOWMENT SERVES MANY PURPOSES. THE ENDOWMENT IS USED FOR SCHOLARSHIPS, PROGRAMS, BUILDINGS, AND PROJECTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS COMMUNICATIONS. ALL MATERIALS PUBLISHED THROUGH THE NEWSPAPER OR BROADCAST MEDIA FOR THE PURPOSE OF RECRUITING STUDENTS CONTAINS INFORMATION ON THE NONDISCRIMINATORY POLICY. IN ADDITION, THIS MATERIAL IS INCLUDED IN ALL RECRUITMENT LITERATURE, INCLUDING THE CATALOG AND STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6A FINANCIAL ASSISTANCE RECEIVED FROM THE US DEPARTMENT OF EDUCATION. true TUITION REMISSION 7 116735 SITE GRANTS 110 133305 ENDOWED/RESTRICTED SCHOLARSHIPS 80 203537 FALL/SPRING SCHOLARSHIPS 740 15185336 ACADEMIC ASSISTANTSHIPS 70 47907 WORKSTUDY 234 183056 SCHEDULE I, PART I, LINE 2 OUR FINANCIAL AID OFFICE MONITORS THE USE OF GRANT FUNDS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES. THEY REVIEW EACH STUDENT TO VERIFY THEIR ELIGIBILITY REQUIREMENTS FOR THE SPECIFIC GRANTS AND OTHER ASSISTANCE. X X true true X X X true true false false false false false false false JOSHUA MERCHANT PRESIDENT 165331 0 158534 7529 9733 341127 BRIAN LENZMEIER VP, ACADEMIC AFFAIRS/PRESIDENT 232520 0 1397 15762 22067 271746 SUZETTE RADKE VP, FINANCE & ADMINISTRATION 152764 0 2202 10643 23004 188613 KEVIN MCINTYRE VP, ENROLLMENT MANAGEMENT 156667 0 2108 10273 7584 176632 LUCY CROFT VP, STUDENT AFFAIRS 128668 0 610 8804 18162 156244 LISA BEST DEAN, SCHOOL OF BUSINESS 124566 0 4154 8596 20922 158238 GARY KLEIN VP, DEVELOPMENT & ALUMNI ENG. 179154 0 887 12065 18504 210610 JEAN BRAL VP, EXT. UNIVERSITY PROGRAMS 134952 0 638 9130 17602 162322 JAMES HAMPTON PROFESSOR OF BIOLOGY 46514 0 111719 3504 15359 177096 SCHEDULE J, PART I, LINE 1A JOSHUA MERCHANT AND BRIAN LENZMEIER, PRESIDENT OF BUENA VISTA UNIVERSITY, PROVIDED HOUSING THAT MEETS THE EXCLUSION UNDER SECTION 119 AND THEREFORE IS NOT INCLUDED IN TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A JOSHUA MERCHANT $158,534 SCHEDULE J, PART I, LINE 4B JAMES HAMPTON PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT PAID OUT OF THE PLAN WAS $100,000. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624604Y9 2016-08-11 7389575 REFUND PRIOR ISSUE (05/01/07) false false false B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624608C3 2021-02-17 8756450 REFUND PRIOR ISSUE(5/25/11) false false false A 1875000 0 7389575 0 0 0 118556 0 0 0 7271019 0 2008 true false true true B 0 0 8756450 0 0 0 141843 0 0 0 8599456 15151 2012 true false false true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true A false false true true false false 0 false 0 false true B false true true false false false 0 false 0 false true A true B true SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY-DATE THE REBATE COMPUTATION WAS PERFORMED: 02/11/2017 NOTE REGARDING THE REBATE COMPUTATION ON 2/11/2017: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. 25000 SCHOLARSHIP SCHOLARSHIP X 2 578338 STOCK EXCHANGE X 1 1440000 FMV false true false SCHEDULE M, PART I, COLUMN B THIS AMOUNT REPRESENTS THE NUMBER OF CONTRIBUTERS. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE PREPARES THE FORM 990 AND PROVIDES IT TO AN INDEPENDENT CPA FIRM TO REVIEW THE FORM 990. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE STRATEGIC GROWTH & SUSTAINABILITY COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THROUGH THE TRUSTEE'S WEB PORTAL, BOARDVANTAGE. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BUENA VISTA PROVIDES THEIR BOARD OF TRUSTEES AND OFFICERS A CONFLICT OF INTEREST QUESTIONNAIRE THAT IS COMPLETED ELECTRONICALLY AND SUBMITTED. ONCE THE CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED, THE STRATEGIC GROWTH & SUSTAINABILITY COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS. ANY BOARD MEMBER THAT HAS A CONFLICT ARE RECUSED FROM DISCUSSIONS, DELIBERATIONS AND VOTING ON THE TRANSACTION THEY HAVE A CONFLICT WITH. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT OF BUENA VISTA UNIVERSITY'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR. ANY TRUSTEE WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE IS NOT INVOLVED. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE SALARIES OF OTHER PRESIDENTS AT IOWA COLLEGES AND UNIVERSITIES EACH YEAR AND COMPARES THE COMPENSATION BEING RECEIVED BY BUENA VISTA UNIVERSITY'S PRESIDENT. THE EXECUTIVE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS AND RECORDS ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15B PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES OF BUENA VISTA UNIVERSITY ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR AND FINAL APPROVAL IS GIVEN BY THE PRESIDENT. ANY TRUSTEE WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE IS NOT INVOLVED. THE EXECUTIVE COMMITTEE AND PRESIDENT ALSO REVIEW THE SALARIES OF THE OTHER OFFICERS AT IOWA COLLEGES AND UNIVERSITIES EACH YEAR AND COMPARES THE COMPENSATION TO THE COMPENSATION RECEIVED BY BUENA VISTA UNIVERSITY'S OFFICERS. THE EXECUTIVE COMMITTEE AND THE PRESIDENT CONTEMPORANEOUSLY DOCUMENT AND RECORD ALL DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. BUENA VISTA ALSO DOES A THOROUGH REVIEW OF ALL SALARIES AND COMPARES THEM TO RELEVANT DATA INCLUDING NATIONAL SALARY SURVEYS, LOCAL COMPARATIVE DATA FOR ADMINISTRATIVE POSITIONS, COMPARISONS AT OTHER IOWA COLLEGE AND UNIVERSITIES, AND REGIONAL SALARY SURVEYS. THIS REVIEW WAS DONE DURING THE 2021 CALENDAR YEAR. FORM 990, PART VI, SECTION C, LINE 19 BUENA VISTA UNIVERSITY PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART I, LINE 6 NUMBER OF VOLUNTEERS: THE NUMBER OF VOLUNTEERS WAS DETERMINED BY THE INSTITUTIONAL ADVANCEMENT OFFICE. DUTIES FOR VOLUNTEERS INCLUDED: ALUMNI CALLING PROSPECTIVE STUDENTS AND ALUMNI HELPING WITH EVENTS ON CAMPUS. FORM 990, PART XI, LINE 9 OTHER CHANGE IN NET ASSETS: $ (274,686) CHARITABLE REMAINDER TRUST PAYMENTS $ 325,370 ACTUARIAL GAIN/LOSS ON ANNUITIES $ 67,141 UBI PARTNERSHIP INCOME/LOSS $ 37,503,555 INTEREST IN EARNINGS OF BVU FUND, LP ------------ $ 37,621,380 TOTAL OTHER CHANGES IN NET ASSETS ============ BVU FUND LP C/O CAMBRIDGE ASSOCIATES LLC 125 HI BOSTON MA 02110 462921999 INVESTMENTS DE BVU EXCLUDED FROM TAX 12841598 122586848 false -67141 false 1.00000 CHARITABLE REMAINDER TRUSTS (5) CHARITABLE TRUSTS IA NA TRUST false false false false false false false false false false false false false false false false false false false true BVU FUND LP S 4000000 CASH