2020-06-29T15:00:02-05:00 2019-06-30 450250958 Eide Bailly LLP 200 E 10th St Ste 500 Sioux Falls SD 571046375 990 2018-07-01 460224600 University of Sioux Falls UNIV 6053316592 1101 West 22nd Street Sioux Falls SD 571051600 Brett Bradfield President 6053316592 2020-06-25 1 Laurie Hanson P00851848 6053391999 2020-06-25 67.130.171.59 2020-06-25 13:46:30 CD P C5ADF3E96DC5FD5E5884512D59AB882B10EDFEC1 F7BA031C655DF5D2BE7843B8A6CBF62E51E7FB61 2018 2021-01-29 14:40:06Z Brett Bradfield 1101 West 22nd Street Sioux Falls SD 571051600 35684151 0 X www.usiouxfalls.edu X 1883 SD As a Christian University, USF educates students in the humanities, sciences, and professions. 43 39 774 51 53149 20697 4730779 2776234 35761139 28448107 2551798 389535 259123 243918 43302839 31857794 15638483 7510994 0 0 13752055 13666787 77414 77420 733262 12965373 12132945 42433325 33388146 869514 -1530352 83978299 82273854 23186564 22423188 60791735 59850666 X The University of Sioux Falls, a Christian University in the liberal arts tradition, educates students in the humanities, sciences and professions. The traditional motto of the University is Culture for Service, that is, we seek to foster academic excellence and the development of mature Christian persons for service to God and humankind in the world. Through programs in the humanities, sciences and professions, the University helps persons grow intellectually, discern truth and develop a Christian worldview. As a Christian institution, the University of Sioux Falls fosters in all members of its community the development of emotional maturity, physical well-being, interpersonal skills and values which reflect the character and teachings of Christ. The University of Sioux Falls is committed to the Lordship of Jesus Christ and to the integration of biblical faith and learning; it affirms that Christians are called to share their faith with others through lives of service. 0 0 28349373 7510994 28448107 Private Liberal Arts Higher Education--providing education to 1,615 students working toward Associates, Bachelors, and Masters degrees. 28349373 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 87 0 1 774 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X Rick Gilbertson 6053316633 1101 W 22nd St Sioux Falls SD 571051600 Richard Garside Chair 3.00 0.00 X X 0 0 0 Dr John Collier Vice Chair 3.00 0.00 X X 0 0 0 Judy Blauwet Secretary 3.00 0.00 X X 0 0 0 Jeff Savage Treasurer 3.00 0.00 X X 0 0 0 Tim Bailey Trustee 1.00 0.00 X 0 0 0 William Ballenger Trustee (thru Oct) 1.00 0.00 X 0 0 0 Pat Barber Trustee 2.00 0.00 X 0 0 0 Paul Barber Trustee 1.00 0.00 X 0 0 0 Gary Baumgartener Trustee 1.00 0.00 X 0 0 0 Dr Fred Bellum Trustee 1.00 0.00 X 0 0 0 Rev Leon Bill Trustee 1.00 0.00 X 0 0 0 Lois Boice Trustee 2.00 0.00 X 0 0 0 Tom Bosch Trustee 2.00 0.00 X 0 0 0 Dr Curt Buchholz Trustee 1.00 0.00 X 0 0 0 Warren Camp Trustee 1.00 0.00 X 0 0 0 Dr JC Chambers Trustee (thru Jul) 1.00 0.00 X 0 0 0 Dave Cleveland Trustee 2.00 0.00 X 0 0 0 William Edwards Trustee 1.00 0.00 X 0 0 0 Jay Eidsness Trustee 1.00 0.00 X 0 0 0 Paul Eidsness Trustee 2.00 0.00 X 0 0 0 Dr Carol Evans Trustee 1.00 0.00 X 0 0 0 Dave Fleck Trustee 1.00 0.00 X 0 0 0 Rev Warren Hoffman Trustee (thru Oct) 1.00 0.00 X 0 0 0 Mary Hull Trustee 1.00 0.00 X 0 0 0 Dan Hylland Trustee 2.00 0.00 X 0 0 0 Al Johnson Trustee 1.00 0.00 X 0 0 0 Dorothy Johnson Caselli Trustee 1.00 0.00 X 0 0 0 Merle Johnson Trustee 2.00 0.00 X 0 0 0 Sue Kuhn Trustee 2.00 0.00 X 0 0 0 Dan Larock Trustee 1.00 0.00 X 0 0 0 Robert R Larsen MD Trustee 1.00 0.00 X 0 0 0 John Lillibridge Trustee (thru Aug) 1.00 0.00 X 0 0 0 Barbara McMurchie Trustee 2.00 0.00 X 0 0 0 Max Merry Trustee 2.00 0.00 X 0 0 0 Dr Paula O'Neill-Weedon Trustee 2.00 0.00 X 0 0 0 Rev Randy Rasmussen Trustee 1.00 0.00 X 0 0 0 Scott Rysdon Trustee 2.00 0.00 X 0 0 0 Al Schoeneman Trustee 1.00 0.00 X 0 0 0 Beth Shipman-Habicht Trustee 1.00 0.00 X 0 0 0 Randy Stewart Trustee 1.00 0.00 X 0 0 0 Nancee Sturdevant Trustee 1.00 0.00 X 0 0 0 Dr Marian D Sullivan Trustee 2.00 0.00 X 0 0 0 Kimberly Thune Trustee 2.00 0.00 X 0 0 0 Dr Robert L Veninga Trustee 1.00 0.00 X 0 0 0 Michael Woodden Trustee 2.00 0.00 X 0 0 0 Steve Young Trustee 1.00 0.00 X 0 0 0 Greg Dyer Trustee/Faculty 40.00 0.00 X 65099 0 21616 Brett Bradfield President 50.00 0.00 X 204905 0 28387 Marsha Denniston VP of Business and Finance 50.00 1.00 X 98570 0 24046 Todd Knutson VP of Institutional Advanc 50.00 0.00 X 176676 0 26773 Jonathan Anderson Head Coach 40.00 0.00 X 106150 0 21325 Jessica Cherenegar Dir - School of Nurse 40.00 0.00 X 117594 0 23871 Michael Thompson Asso.Professor,Criminal Justice 40.00 0.00 X 106213 0 25055 William Soeffing Professor - Biology 40.00 0.00 X 109893 0 18341 Steven J Horan Asstnt. Professor - Business 40.00 0.00 X 107601 0 23878 1092701 0 213292 7 0 1 0 Aramark Campus Services 27310 Network Place Chicago IL 60673 food services management 2294180 National Management Resources 113 Corporate Park East Drive LaGrange GA 30241 facilities management 538752 EAB 1920 East Parham Richmond VA 23228 enrollment consulting 516935 D&G Concrete Construction 1408 E 39th Street North Sioux Falls SD 57104 construction 234799 Jenzabar PO Box 55018 Boston MA 02205 software provider for ERP system 205812 11 37111 1420 450948 2286755 694 2776234 Tuition and Fees 611600 24304016 24304016 Student Housing 611600 2307374 2307374 Food Service 611600 1371694 1371694 Other Income 541800 465023 411874 53149 28448107 145620 145620 1449 1449 155220 0 155220 155220 155220 3390060 456284 3382219 220210 7841 236074 243915 243915 22886 37111 32974 -10088 -10088 23410 6494 16916 16916 264881 184460 80421 80421 31857794 28394958 53149 633453 7510994 7510994 661228 86127 359344 215757 10263756 8736603 1310990 216163 280721 220414 58730 1577 1713955 1278019 396648 39288 747127 621793 97128 28206 46046 46046 69970 69970 77420 77420 76042 76042 3083642 2722036 315582 46024 344631 77473 267158 1305321 1187870 106621 10830 1107086 958958 143491 4637 731547 690828 30743 9976 272415 217316 25512 29587 889740 809841 75272 4627 2380304 2166552 201374 12378 365796 220708 140515 4573 Repairs/Maintenance 692483 279065 411417 2001 Memberships, Subscripti 278015 250100 25016 2899 Bad Debt 207468 207468 Recruiting 142380 142380 140059 96254 16486 27319 33388146 28349373 4305511 733262 244564 630701 184906 413009 3035792 2361040 1057397 884792 133375 116955 298262 359973 92804849 38551177 55993500 54253672 19426436 19917227 28768 29760 1433926 1205596 2141373 2101129 83978299 82273854 1959839 1943499 1471960 1473932 1378685 1258809 12239339 11424078 1140000 1140000 4500000 4756644 496741 426226 23186564 22423188 X 34600941 33871317 11824726 11517268 14366068 14462081 60791735 59850666 83978299 82273854 X -1530352 560103 29180 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30434936 218979 793757 640094 480497 30327081 27253709 2385790 1774463 587911 391115 30434936 23830363 2011462 2367475 626972 328619 27253709 17410020 7546145 -397762 505648 222392 23830363 17547239 194736 229658 383081 178532 17410020 0.15440 0.47490 0.37070 1 1 1 1780521 9382910 11163431 65955875 24677987 41277888 15477583 13873190 1604393 207960 207960 54253672 Deposits Held for Others 46454 Annuity Payable 186179 Asset Retirement Obligation 193593 426226 X 25160011 560103 -7481814 -6921711 32081722 -223928 -223928 31857794 26101080 223928 223928 25877152 7510994 7510994 33388146 Part V, Line 4: To advance and support education by providing assistance to, and benefits for, the University of Sioux Falls and its students, faculty and programs. Part X, Line 2: The University is a publicly supported organization and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The University is required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the University is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. The University files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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 University 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 2d - Other Adjustments: Scholarship Expenses -7,510,994. Change in CSV Life Insurance 34,526. Change in Value of Split Interest Agreement -5,346. Part XI, Line 4b - Other Adjustments: COGS -148,778. Labor -35,682. Fundraising Expenses -32,974. Gaming Expenses -6,494. Part XII, Line 2d - Other Adjustments: COGS 148,778. Labor 35,682. Fundraising Expenses 32,974. Gaming Expenses 6,494. Part XII, Line 4b - Other Adjustments: Scholarship Expenses 7,510,994. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 University brochures, catalogs, advertising, website etc. Schedule E, Part I, Line 6 The University participates in the Federal Government Student Financial Aid Programs and receives other various federal grants. Participation in the student financial aid programs is as follows: Perkins Loans, College Work-Study, Supplemental Educational Opportunity Grants, Pell Grants, TEACH Grants, and Stafford Loans. X X X X X 1 EAB PO Box 603519 Charlotte NC 282603519 consults on and manages all aspects of annual giving solicit 0 45842 71920 0 Crescendo Interactive 7251 Ohms Ln Minneapolis MN 55439 managed and created planned giving website content 0 0 5500 0 45842 77420 SC OR MS KY Football Alumni Golf Tourn 28100 18284 9816 536 651 6120 1937 Sid Shootout Golf Tourney 14985 6733 8252 5800 2947 7875 890 45 2 16912 12094 4818 359 4023 1753 38 59997 37111 22886 6336 3957 18018 4580 83 32974 -10088 23410 4600 1894 0 23410 4600 1894 6494 16916 SD 0 The state of South Dakota does not require licensing for raffles. 0 1 0 1.00000 Tavia Rutherford Asst Athletic Dir 1101 W 22nd Street Sioux Falls SD 57105 0 Tavia Rutherford 385 Assistant Athletic Director, Internal Operations, Ticketing X 0 1 Unfunded Institutional Aid 1038 6485659 Cash Institutional Aid 184 208713 Endowed Scholarships 427 638717 Federal Scholarships 448 177905 Part I, Line 2: For federal and pass-through grants for programs, each grant has a grant manager. On a monthly basis, the business office staff reconciles expenses incurred for each grant and verifies with the respective grant manager. Once confirmed, the business office staff requests reimbursement from the respective awarding agency. For scholarships, financial aid office staff reviews the specific criteria for awarding to students. The business office staff does a reconciliation of expenses (financial aid awarded) before drawing down actual dollars from the endowment and federal financial aid. For program endowments, there are two different methods used. Some programs have "budget managers" who are aware of the funds available via the business office staff and spend accordingly. For those programs without "budget managers and for unrestricted endowments, the business office staff ensures that there are expenses incurred in those specific departments before drawing down actual dollars. In all cases for the endowments, the business office staff does a reconciliation to ensure that the proper dollar amount is calculated, awarded/expensed, and drawn down. X X 0 0 0 0 0 0 0 0 0 Brett Bradfield President 200335 0 0 0 4570 0 8582 0 21034 0 234521 0 0 0 Todd Knutson VP of Institutional Advanc 149928 0 0 0 26748 0 6602 0 20632 0 203910 0 0 0 A South Dakota Health and Educational Facilities Authority 460315509 2010-05-28 18000000 To refund bonds issued 12/6/2001,1/23/2005 and 12/23/2008; construction 0 0 0 A 6415000 18000000 289708 1835384 15874908 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 A 0 Schedule K Part II Line 11 The amount reported on Part I, line 11 is the amount of bond proceeds used to refund the prior bonds issued in 2001, 2005 and 2008. Darlene J Eidsness Trust Spouse of Trustee Construction X 500000 300000 0 1 1 Walter Bailey Father of Trustee Construction X 400000 240000 0 1 1 John Collier Trustee Construction X 1000000 600000 0 1 1 1140000 NA N/A 41158 Discounted Tuition Undergraduate Studies School Bus Inc owned by substantial contributor 161587 Contracted services 0 Form 990, Part VI, Section A, line 1 The number of members of the Executive Committee shall be no fewer than nine. The Executive Committee shall, when the Board is not in session, have full authority to transact any and all business of the Board, in accordance with its general policies as set out in the bylaws and as may be otherwise declared by the Board. The Executive Committee shall meet quarterly at such time and place as designated. Five members shall constitute a quorum. Form 990, Part VI, Section A, line 2 Paul Barber and Pat Barber have a family relationship. Paul Eidsness and Jay Eidsness have a family relationship. Form 990, Part VI, Section B, line 11b Management (including 2 CPA's on staff) reviews Form 990 before it is filed. A copy of the 990 is provided to the governing body through the University's website prior to the return being filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers the Board of Trustees and the President of the University. Procedures for identifying conflict of interest: A copy of the policy is made available to all Board of Trustees and members of management by the Compliance Officer. The Compliance Officer will ensure that all forms are completed and returned and provide a summary to the USF President. Information shared beyond this point will be governed by a business, or ethical, need to disclose as determined by the appropriate Board Chair, USF President or the Corporate Officer. Determining whether a conflict of interest exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the Board or committee addressing the transaction at issue shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: An interested person may make a presentation at the Board or committee meeting if applicable. Prior to the presentation, full disclosure of the potential conflict of interest must be made to the individuals hearing the presentation. After such presentation, he/she is not to participate in the vote on the transaction or arrangement that results in the conflict of interest. The President and/or Board Chair, along with those individuals they deem to be appropriate to the decision, shall determine whether the transaction or arrangement is in USF's best interest and for its own benefit and whether the transaction is fair and reasonable. They shall then make the decision as to whether to enter into the transaction or arrangement in conformity with such determination. Form 990, Part VI, Section B, line 15a The Personnel Committee of the Board of Trustees acts on behalf of the full board. The Committee reviews a CCCU compensation survey to assist with drafting a compensation package. The compensation package is then voted on by the Personnel Committee. The process is undertaken annually. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available for inspection upon request. Form 990, Part XI, line 9: Change in Value of Split Interest Agreements -5,346. Change in CSV Life Insurance 34,526. Hayward Memorial Testamentary Trust 100 S Phillips Ave Sioux Falls SD 57104 466010897 Supporting organization SD 501(c)(3) Line 12a, I 0 Charitable Remainder Trust (1) INVESTMENT PA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0