2019-05-15T09:33:32-05:00 2018-06-30 BKD LLP 1248 O STREET STE 1040 LINCOLN NE 685081461 990 2017-07-01 420680404 BUENA VISTA UNIVERSITY % SUZETTE RADKE BUEN 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 SUZETTE RADKE VP FOR FINANCE & ADM 7127492044 2019-05-15 true KRISTIN TYNON P01063388 4024737600 167.68.126.162 47008420191355000003 2019-05-15 P 6726AAA92E13DEFF0E335D589E9AD365D00BDDA8 71C2EF56C2A364DD46770B4DF2218DB6BCBB0C88 2017 2019-02-21 02:37:17Z SUZETTE RADKE 610 WEST FOURTH STREET STORM LAKE IA 505881798 98905534 false X WWW.BVU.EDU X 1891 IA WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. 19 18 1381 233 170170 5786145 8552933 46464102 45020520 6828135 5612103 114046 864413 59192428 60049969 14319495 13960989 0 0 27669884 25173688 0 0 1284120 17166869 18988320 59156248 58122997 36180 1926972 198101261 205637131 31791868 31432303 166309393 174204828 WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. false false 34781944 13960989 38682468 INSTRUCTION OF APPROXIMATELY 1,738 STUDENTS INCLUDING ACADEMIC SUPPORT AND OPERATING LIBRARY AND TECHNOLOGY CENTER. 6375606 141497 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER DEVELOPMENT, STUDENT HEALTH, AND OTHER SERVICES FOR APPROXIMATELY 695 CAMPUS LIVING STUDENTS. 6860071 6196555 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 695 CAMPUS LIVING STUDENTS. 48017621 true true false false false false false false false true true true false false true true false true true false false false false false false false false false true true true false false false false false false false false false false true true false false false true true false false false true 3139 0 true 1381 true true true false false false false false false false false false X 19 18 false false false false false false false true true false false true true true true true true true true false X SUZETTE RADKE 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 JOSHUA MERCHANT PRESIDENT 40.0 0.0 X X 141002 0 27132 JOHN ASCHENBRENNER TRUSTEE 1.0 0.0 X 0 0 0 MARC BRINKMEYER TRUSTEE 1.0 0.0 X 0 0 0 TIM BROWN TRUSTEE 1.0 0.0 X 0 0 0 DOUG CLAUSEN TRUSTEE 1.0 0.0 X 0 0 0 KITTY CONOVER TRUSTEE 1.0 0.0 X 0 0 0 BECKI DRAHOTA TRUSTEE 1.0 0.0 X 0 0 0 DAVID DVERGSTEN TRUSTEE 1.0 0.0 X 0 0 0 AMY FRIEDRICH TRUSTEE 1.0 0.0 X 0 0 0 MAUREEN HEFFERNAN TRUSTEE 1.0 0.0 X 0 0 0 NORMAN NIELSEN TRUSTEE 1.0 0.0 X 0 0 0 CORDELL PETERSON TRUSTEE 1.0 0.0 X 0 0 0 DAN PHILLIPS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL PIERCE TRUSTEE 1.0 0.0 X 0 0 0 BERNIE SAGGAU TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN RUSSELL TRUSTEE 1.0 0.0 X 0 0 0 QUENTIN WITTROCK TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL DEGEN TRUSTEE 1.0 0.0 X 0 0 0 BRAD SCHROEDER TRUSTEE 1.0 0.0 X 0 0 0 KENNETH CONVERSE VP, INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 224127 0 26951 JAMES SALVUCCI VP, ACADEMIC AFFAIRS 40.0 0.0 X 169416 0 30348 MICHAEL FRANTZ VP, ENROLLMENT MANAGEMENT 40.0 0.0 X 191616 0 29271 THOMAS SCULLY VP, STUDENT AFFAIRS 40.0 0.0 X 123801 0 26882 SUZETTE RADKE VP, FINANCE & ADMINISTRATION 40.0 0.0 X 149614 0 28376 BRIAN LENZMEIER VP, ACADEMIC AFFAIRS 40.0 0.0 X 65606 0 21828 HENRY HARDT PROFESSOR OF BUSINESS 40.0 0.0 X 155801 0 30919 JONI ANDERSON ASSOCIATE PROFESSOR OF MNGMT 40.0 0.0 X 124958 0 21426 LAURA BERNHARDT ASSOCIATE PROFESSOR OF PHIL 40.0 0.0 X 117320 0 10501 PETER SEINFELD ASSOCIATE DEAN OF FACULTY 40.0 0.0 X 116318 0 29735 ELIZABETH LAMOUREUX PROFESSOR OF COMMUNICATION 40.0 0.0 X 113395 0 17816 FREDERICK V MOORE FORMER PRESIDENT 40.0 0.0 X 159974 0 27730 1852948 0 328915 14 true true false CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MGMT 630671 CAMPUS WORKS INC 1767 LAKEWOOD RANCH BLVD 305 BRADENTON FL 34211 IT CONSULTING 341768 SODEXO INC AFFILIATES 610 WEST 4TH STREET STORM LAKE IA 50588 FOOD SERVICE 2566771 THE LEARNING HOUSE 427 S 4TH ST STE 300 LOUISVILLE KY 40202 EDUCATIONAL SERVICES 537390 MOGO MARKETING MEDIA INC 21 TAMAL VISTA BLVD STE 207 CARTE MADERA CA 94925 MARKETING 977178 13 8552933 928458 8552933 TUITION & FEES 611600 38682468 38682468 SALES AND SERVICE AUXILIARY 611710 6196555 6196555 SALES AND SERVICE EDUCATION 611710 115862 115862 PARKING, COLLECTION OF OLD ACCOUNTS 611710 25635 25635 45020520 1790916 1790916 0 0 0 0 0 42676752 38795786 59779 3880966 -59779 3821187 3821187 0 0 0 0 0 0 0 0 0 CONFERENCE CENTER 721000 402690 254806 154880 INCOME FROM PARTNERSHIP 900099 6996 6996 FITNESS CENTER 713940 8294 8294 446433 446433 864413 60049969 45721759 170170 5612103 X 0 0 13960989 13960989 0 0 0 1456330 742299 496492 217539 0 18028439 13816768 3615437 596234 1291385 961524 279659 50202 2929793 2181432 634468 113893 1467741 1092834 317850 57057 0 233980 995 232985 64905 64905 0 0 613744 613744 1875474 1235478 597239 42757 1340536 134345 1162678 43513 1522410 1141953 326343 54114 323906 244726 79180 0 2071518 1793156 278362 1719961 1443611 222610 53740 0 247229 186135 58681 2413 720794 524724 196070 0 3960110 3960110 138099 110171 27928 REPAIRS & MAINTENANCE 1014637 876155 138482 MISCELLANEOUS EXPENSE 348145 285784 61506 855 PRINTING & PUBLICATIONS 461438 461226 -39456 39668 DUES & SUBSCRIPTIONS 226427 34036 181428 10963 2105007 2829170 -725335 1172 58122997 48017621 8821256 1284120 0 0 7118704 9685164 2305775 2358232 2008579 2088566 0 0 0 0 0 0 441076 583124 0 0 152463348 103671616 47441798 48791732 81451207 82111284 50856058 55793158 3145618 3059447 0 0 3332446 1166424 198101261 205637131 4922920 6660909 2385763 2152070 2602813 2240896 18339323 17376088 0 0 0 0 0 0 0 0 3541049 3002340 31791868 31432303 X 71072377 72442415 53654579 59655861 41582437 42106552 166309393 174204828 198101261 205637131 X 1926972 5981972 -13509 X false true X true true true X 126563079 288227 10433966 1235759 4006717 613744 131429052 117353370 1750258 12701612 1241438 3360428 640295 126563079 124766944 1644904 -3927030 877519 3579649 674280 117353370 125150577 3247054 466377 799600 2580842 716622 124766944 110275663 2711938 17569462 661419 4135890 609177 125150577 0.27000 0.32000 0.41000 false false 10705882 10705882 105267851 71705391 33562460 30299532 28656763 1642769 6190083 3309462 2880621 48791732 COMMINGLED FUNDS 34239094 F HEDGE FUNDS 9323609 F PRIVATE EQUITY FUNDS 11126580 F OTHER INVESTMENTS 272013 F LIFE INSURANCE 345577 F REAL ESTATE INVESTMENTS 486285 F 55793158 0 SPLIT INTEREST AGREEMENTS 3002340 3002340 SCHEDULE D, 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 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, 2018 AND 2017, 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, 2014 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 SEOG CONTRIBUTION 310 46333 TUITION REMISSION 7 87810 SITE GRANTS 91 64637 ENDOWED/RESTRICTED SCHOLARSHIPS 52 85104 FALL/SPRING SCHOLARSHIPS 792 13329147 ACADEMIC ASSISTANTSHIPS 108 77486 WORKSTUDY 315 270472 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. SCHEDULE I, PART III THE SEOG NUMBER OF RECIPIENTS IS BASED ON THE TOTAL NUMBER OF STUDENTS THAT RECEIVED SEOG FUNDS, BUT THE CASH GRANTS OF $46,333 IS ONLY THE INSTITUTIONAL SHARE OF FEDERAL SEOG.THE WORK-STUDY NUMBER OF RECIPIENTS IS BASED ON THE TOTAL NUMBER OF STUDENTS THAT RECEIVED FEDERAL WORK-STUDY FUNDS, BUT THE AMOUNT OF CASH GRANTS OF $270,472 IS ONLY THE INSTITUTIONAL SHARE OF FEDERAL WORK-STUDY. X X X true true X X X false false false false false false false false false JOSHUA MERCHANT PRESIDENT 140636 366 9425 17707 168134 KENNETH CONVERSE VP, INSTITUTIONAL ADVANCEMENT 188415 35712 13045 13906 251078 JAMES SALVUCCI VP, ACADEMIC AFFAIRS 162962 6454 11595 18753 199764 MICHAEL FRANTZ VP, ENROLLMENT MANAGEMENT 190591 1025 13097 16174 220887 THOMAS SCULLY VP, STUDENT AFFAIRS 123398 403 8849 18033 150683 SUZETTE RADKE VP, FINANCE & ADMINISTRATION 148185 1429 10574 17802 177990 HENRY HARDT PROFESSOR OF BUSINESS 49147 106654 17717 13202 186720 FREDERICK V MOORE FORMER PRESIDENT 139434 20540 9629 18101 187704 SCHEDULE J, PART I, LINE 1A JOSHUA MERCHANT, PRESIDENT OF BUENA VISTA UNIVERSITY, IS GIVEN AN ANNUAL DISCRETIONARY SPENDING ACCOUNT TO BE USED FOR VARIOUS EXPENDITURES RELATED TO UNIVERSITY PROGRAMS, PROJECTS, ETC. HE IS ALSO PROVIDED A RESIDENCE FOR PERSONAL USE THAT IS ALSO USED FOR BUSINESS PURPOSES. THE BUSINESS PURPOSES INCLUDE: FRESHMAN SEMINAR CLASSES MEETING THERE ONCE AT THE BEGINNING OF THE FALL SEMESTER, CONDUCTING VARIOUS MEETINGS FOR BOARD OF TRUSTEES MEMBERS, HAVING A HOME OFFICE THERE AND CONDUCTING EVENTS AND MEETINGS FOR FACULTY AND STAFF. THE HOUSE IS LOCATED IN CLOSE PROXIMITY TO THE UNIVERSITY AND IS A CONDITION OF HIS EMPLOYMENT. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624604Y9 2016-08-11 7389575 REFUND PRIOR ISSUE (5/1/07) false false false B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460Q74 2011-05-25 15777321 VARIOUS CAPITAL PROJECTS false false false A 720000 0 7389575 0 0 0 118556 0 0 0 7271019 0 true false true true B 5125000 0 15799489 0 375784 0 155095 0 0 15268610 0 0 false false true true A false false false false 0 false false false true B false false false false 0 false false false true A false false true true false false 0 false 0 false true B false false false true false false 0 true NATIXIS FUND CORP 1.4 true true 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 (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2015 NOTE REGARDING THE REBATE COMPUTATION ON 4/30/15: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATION ARE NECESSARY. NOTE REGARDING THE REBATE COMPUTATION ON 2/11/17: 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. PART III, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. X 1 179000 SELLING PRICE X 2370 COST X 8 124879 STOCK EXCHANGE X 1 582500 APPRAISED VALUE X GIFT CARDS/STORAGE RENTAL 4 1189 COST X RECEPTION 2 23020 COST X CAR LEASES 2 15500 COST false true false FORM 990, PART VI, SECTION B, LINE 11B BUENA VISTA UNIVERSITY'S AUDIT COMMITTEE REVIEWS THE 990 BEFORE IT IS FILED. THE FINAL DRAFT IS GIVEN TO ALL BOARD OF TRUSTEES BEFORE IT IS FILED VIA THE TRUSTEE'S WEB PORTAL, DILIGENT. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BUENA VISTA PROVIDES THEIR BOARD OF TRUSTEES A CONFLICT OF INTEREST SHEET THAT DISCLOSES ALL THE CONFLICTS OF INTEREST. ALL TRUSTEES ARE REQUIRED TO MAKE ANY CHANGES AND SIGN THEIR NAME. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S PRESIDENT THE PRESIDENT OF BUENA VISTA UNIVERSITY'S SALARY IS REVIEWED AND APPROVED BY THE COMPENSATION 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 COMPENSATION 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 COMPENSATION 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 EMPLOYEESTHE SALARIES OF OFFICERS OF BUENA VISTA UNIVERSITY ARE REVIEWED BY THE COMPENSATION 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 COMPENSATION 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 COMPENSATION 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 2018 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 XII, LINE 2C AUDIT COMMITTEE RESPONSIBILITY THE BOARD OF TRUSTEES FOR BUENA VISTA UNIVERSITY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE UNIVERSITY'S ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR CHOOSING THE INDEPENEDENT AUDITOR EACH YEAR. FORM 990, PART XII, LINE 3B AUDIT REQUIREMENTS BUENA VISTA UNIVERSITY IS REQUIRED TO UNDERGO AN AUDIT AS SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. BUENA VISTA UNIVERSITY UNDERWENT THIS AUDIT BY BKD, LLP FOR THE YEAR ENDED 6/30/2018. 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 (545,222) CHARITABLE REMAINDER TRUST PAYMENTS 538,709 ACTUARIAL GAIN/LOSS ON ANNUITIES (6,996) PARTNERSHIP INCOME/LOSS ---------- (13,509) TOTAL OTHER CHANGE IN NET ASSETS ========== FORM 990, PART IX, LINE 24E PROGRAM SERVICE MANAGEMENT & FUNDRAISING EXPENSE GENERAL EXPENSE EXPENSE ---------------------------------------------------------- BAD DEBTS 35,899 21,974 ALLOCATED EXPENSES 585,575 364,500 INVESTMENT IN PLANT (1,501,175) HEALTH RESERVE 401,846 DONATED SERVICES (12,480) BOARD PLAN PAYMENT 2,033,647 STUDENT DEVELOPMENT 174,049 1,172 ------------ ------------- ---------- 2,829,170 (725,335) 1,172 BVU FUND LP C/O CAMBRIDGE ASSOCIATES LLC 125 HI BOSTON MA 02110 462921999 INVESTMENTS DE CAMBRIDGE ASSOC EXCLUDED FROM TAX 6345254 142148053 false 6996 false 1.00000 CHARITABLE REMAINDER TRUSTS (10) CHARITABLE TR IA NA TRUST false false false false false false false false false false false false false false false false false false true BVU FUND LP S 6100000 CASH DISTRIB