2018-01-26T14:45:34-06:00 2017-06-30 BKD LLP 1248 O STREET STE 1040 LINCOLN NE 685081461 990 2016-07-01 420680404 BUENA VISTA UNIVERSITY % SUZETTE RADKE BUEN 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 SUZETTE RADKE VP FOR FINANCE & ADM 7127492044 2018-05-15 true KRISTIN TYNON P01063388 4024737600 76.84.131.30 47008420180265000000 2018-01-26 P F44951193556BE4062C14245A0E72B18ABBECF66 F44951193556BE4062C14245A0E72B18ABBECF66 2016 2021-01-29 14:40:06Z SUZETTE RADKE 610 WEST FOURTH STREET STORM LAKE IA 505881798 138312796 false X WWW.BVU.EDU X 1891 IA WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. 22 21 1488 127 93743 -89031 3225550 5786145 49630023 46464102 1219392 6828135 463727 114046 54538692 59192428 15280351 14319495 0 0 26673892 27669884 0 0 1217768 16620375 17166869 58574618 59156248 -4035926 36180 191357185 198101261 32230668 31791868 159126517 166309393 WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS. false false 34082441 14319495 39930828 INSTRUCTION OF APPROXIMATELY 1,846 STUDENTS INCLUDING ACADEMIC SUPPORT AND OPERATING LIBRARY AND TECHNOLOGY CENTER. 6698207 156970 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER DEVELOPMENT, STUDENT HEALTH, AND OTHER SERVICES FOR APPROXIMATELY 713 CAMPUS LIVING STUDENTS. 6859349 6376304 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 713 CAMPUS LIVING STUDENTS. 47639997 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 3429 0 true 1488 true true true false false false false false false false false false X 22 21 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 X FREDERICK V MOORE PRESIDENT 40.0 0.0 X X 229306 0 50211 BRAD SCHROEDER TRUSTEE 1.0 0.0 X 0 0 0 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 GLENN DESTIGTER TRUSTEE 1.0 0.0 X 0 0 0 SUSAN DONOVAN 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 JAMES HAAHR 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 BARBARA BYRNE VP, ACADEMIC AFFAIRS 40.0 0.0 X 83906 0 5091 KENNETH CONVERSE VP, INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 187929 0 24310 JAMES SALVUCCI VP, ACADEMIC AFFAIRS 40.0 0.0 X 92031 0 14167 ELIZABETH MERTEN VP, BUSINESS SERVICES 40.0 0.0 X 106256 0 15954 MICHAEL FRANTZ VP, ENROLLMENT MANAGEMENT 40.0 0.0 X 188567 0 26927 THOMAS SCULLY VP, STUDENT AFFAIRS 40.0 0.0 X 121867 0 25218 SUZETTE RADKE VP, FINANCE & ADMINISTRATION 40.0 0.0 X 122505 0 25416 1132367 0 187294 9 false true false CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MGMT 659517 SIMPSON SCARBOROUGH LLC 1737 KING ST STE 110 ALEXANDRIA VA 22314 MARKET RESEARCH 330689 CAMPUSWORKS INC 1767 LAKEWOOD RANCH BLVD 305 BRADENTON FL 34211 IT CONSULTING 565913 ACADEMY ROOFING SHEET METAL 6361 NE 14TH ST DES MOINES IA 50313 ROOFING CONTRACTOR 566500 SODEXO INC AFFILIATES 610 WEST 4TH STREET STORM LAKE IA 50588 FOOD SERVICE 2599056 16 5786145 858182 5786145 TUITION & FEES 611600 39930828 39930828 SALES AND SERVICE AUXILIARY 611710 6376304 6376304 SALES AND SERVICE EDUCATION 611710 132110 132110 PARKING, COLLECTION OF OLD ACCOUNTS 611710 24860 24860 46464102 884806 884806 0 0 0 0 0 84504989 79117459 2909 5387530 -2909 5943329 5943329 0 0 0 0 0 0 0 0 0 CONFERENCE CENTER 721000 312103 19804 292299 INCOME FROM PARTNERSHIP 900099 -206440 -206440 FITNESS CENTER 713940 7784 7784 599 499 100 114046 59192428 46484405 93743 6828135 X 0 14319495 14319495 0 0 1354287 559748 553664 240875 0 18808682 14478448 3834894 495340 3247933 2939726 270972 37235 2798354 2073737 624224 100393 1460628 1064356 339505 56767 0 155738 155738 81070 81070 0 0 640295 640295 2612777 1511415 1067512 33850 1320849 161390 1110997 48462 1603609 1037441 505117 61051 314973 249200 65773 0 2019577 1746374 273203 1845069 1529590 257427 58052 0 269344 194869 66764 7711 548060 495326 52734 0 4160555 4160555 159384 104947 54437 REPAIRS & MAINTENANCE 1172029 1119454 51284 1291 MISCELLANEOUS EXPENSE 591879 403857 165762 22260 PRINTING & PUBLICATIONS 421662 393962 -18048 45748 DUES & SUBSCRIPTIONS 250463 47339 195974 7150 -1000464 -951232 -50815 1583 59156248 47639997 10298483 1217768 0 0 6566291 7118704 2538491 2305775 2348857 2008579 0 0 0 0 0 0 446151 441076 0 0 147153304 99711506 50904703 47441798 43521955 81451207 79237227 50856058 3200856 3145618 0 0 2592654 3332446 191357185 198101261 3726098 4922920 2357932 2385763 2992889 2602813 19191095 18339323 0 0 0 0 0 0 0 0 3962654 3541049 32230668 31791868 X 73871031 71072377 45852905 53654579 39402581 41582437 159126517 166309393 191357185 198101261 X 36180 7082307 64389 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 99484840 1833461 15073530 661305 5071767 383096 110275663 0.27000 0.32000 0.41000 false false 10633398 10633398 100857700 68326591 32531109 29668849 28110649 1558200 5993357 3274266 2719091 47441798 COMMINGLED FUNDS 28117065 F HEDGE FUNDS 12610998 F PRIVATE EQUITY FUNDS 9045468 F OTHER INVESTMENTS 257823 F LIFE INSURANCE 328577 F REAL ESTATE INVESTMENTS 496127 F GOVERNMENT BONDS 0 F 50856058 0 SPLIT INTEREST AGREEMENTS 3541049 3541049 X 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, 2017 AND 2016, 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, 2013 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 304 45000 TUITION REMISSION 9 130266 SITE GRANTS 66 71533 ENDOWED/RESTRICTED SCHOLARSHIPS 65 97131 FALL/SPRING SCHOLARSHIPS 809 13635076 ACADEMIC ASSISTANTSHIPS 101 76800 WORKSTUDY 278 263689 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 $45,000 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 $263,689 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 FREDERICK V MOORE PRESIDENT 219241 10065 14752 35459 279517 KENNETH CONVERSE VP, INSTITUTIONAL ADVANCEMENT 185651 2278 12378 11932 212239 MICHAEL FRANTZ VP, ENROLLMENT MANAGEMENT 187607 960 12427 14500 215494 SCHEDULE J, PART I, LINE 1A FREDERICK MOORE, 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 AT LEAST TWICE A YEAR. THE HOUSE IS LOCATED IN CLOSE PROXIMITY TO THE UNIVERSITY AND IS A CONDITION OF HIS EMPLOYMENT. IN ADDITION, THE UNIVERSITY HIRES AN ACCOUNTANT TO PREPARE MOORE'S INCOME TAX RETURNS. THE COST OF THE TAX PREPARATION IS ADDED TO HIS W-2 AS TAXABLE INCOME. 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 355000 0 7389575 0 0 0 118556 0 0 0 7271019 0 2008 true false true true B 4560000 0 15799489 0 375784 0 155095 0 0 15268610 0 0 2012 false false true 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 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 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 CALCULATION ARE NECESSARY. 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 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 162000 SELLING PRICE X 123 COST X 1828 COST X 8 628552 STOCK EXCHANGE X GIFT CARDS/STORAGE RENTAL 7 3629 COST X AIRPLANE USAGE 1 46550 COST X CAR LEASES 2 15500 COST 10 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 EMPLOYEES THE 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 2017 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 IX, LINE 24E PROGRAM SERVICE MANAGEMENT & FUNDRAISING EXPENSE GENERAL EXPENSE EXPENSE --------------- --------------- ----------- DUES & SUBSCRIPTIONS 47,339 195,974 7,150 BAD DEBTS 45,533 24,661 NONE STUDENT ACTIVITIES 193,064 4,857 1,583 ---------- ------------ --------- 285,936 225,492 8,733 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 6/30/2017. 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 (563,656) CHARITABLE REMAINDER TRUST PAYMENTS 421,605 ACTUARIAL GAIN/LOSS ON ANNUITIES 206,440 PARTNERSHIP INCOME/LOSS ---------- 64,389 TOTAL OTHER CHANGE IN NET ASSETS ========== BVU FUND LP C/O CAMBRIDGE ASSOCIATES LLC 125 HI BOSTON MA 02110 462921999 INVESTMENTS DE CAMBRIDGE ASSOC EXCLUDED FROM TAX 916835 129654094 false -206440 false 0.99999 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 false true BVU FUND LP S 3000000 CASH DISTRIBUTI