2017-03-31T09:45:30-05:00 2016-07-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-08-01 460224588 AUGUSTANA COLLEGE ASSOCIATION AUGU 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 THOMAS M MEYER CHIEF FINANCIAL OFFICER 6052744090 2017-03-15 1 KAREN GRIES P00078514 6123764500 2015 2021-01-29 14:40:06Z AUGUSTANA UNIVERSITY ROBERT OLIVER 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 106098957 0 X WWW.AUGIE.EDU X 1860 SD A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. 27 26 1575 1800 -345529 -349821 11087749 16085777 59407237 59266980 3611552 5349987 134485 -79109 74241023 80623635 25319282 25123891 0 0 29038243 29890428 0 0 1889543 17518147 17635702 71875672 72650021 2365351 7973614 154921347 169925910 31807917 44541195 123113430 125384715 X INSPIRED BY LUTHERAN SCHOLARLY TRADITION AND THE LIBERAL ARTS, AUGUSTANA PROVIDES AN EDUCATION OF ENDURING WORTH THAT CHALLENGES THE INTELLECT, FOSTERS INTEGRITY AND INTEGRATES FAITH WITH LEARNING AND SERVICE IN A DIVERSE WORLD. 0 0 54112869 25123891 48125789 HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY. AUGUSTANA'S CURRICULUM REFLECTS ITS DESIRE TO PROVIDE STUDENTS WITH AN EDUCATION THAT PROMOTES INTELLECTUAL GROWTH, PROVIDES A FIRM FOUNDATION FOR PROFESSIONAL ACHIEVEMENT, AND ENCOURAGES STUDENTS TO SEEK OPPORTUNITIES FOR SERVICE. THE HEART OF THE UNDERGRADUATE PROGRAM IS THE CORE OF LIBERAL STUDIES: STUDENTS TAKE NEARLY HALF OF THEIR CREDIT HOURS IN AREAS SUCH AS UNDERSTANDING THE SELF IN INTERPERSONAL RELATIONS; MATHEMATICAL REASONING; WRITTEN COMMUNICATION; ORAL COMMUNICATION OR ANALYTICAL REASONING; LANGUAGES; LITERATURE AND FINE ARTS; THE WESTERN HERITAGE; HUMAN BEHAVIOR AND SOCIAL INSTITUTIONS; INTERCULTURAL STUDIES; NATURAL SCIENCE; EXPLORING THE CHRISTIAN TRADITION; AND FAITH AND MEANING. 6505003 0 8073173 HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS THROUGH THE BOOKSTORE BY SELLING BOOKS AND OTHER INSTRUCTIONAL MATERIALS AND PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS. 3971920 0 3065840 HIGHER EDUCATION ACADEMIC SUPPORT: INCLUDES ACADEMIC SUPPORT THROUGH EXTENSIVE LIBRARY HOLDINGS IN BOOKS, JOURNALS AND ONLINE RESOURCES AS WELL AS AUDIOVISUAL EQUIPMENT AND MATERIALS. INCLUDES OTHER ACTIVITIES RELATED TO SERVING THE STUDENTS AND THE CAMPUS COMMUNITY. 64589792 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 164 0 1575 1 1 1 1 CJ EI 0 0 0 0 1 28 0 0 0 0 0 0 X 27 26 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CAROL SPILLUM 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 BECKY BLUE CHAIR 4.00 X X 0 0 0 TOM DAVIS VICE CHAIR 4.00 X X 0 0 0 JAMES ODLAND SECRETARY 4.00 X X 0 0 0 JORDAN DALTON TRUSTEE THRU 12/15 4.00 X 0 0 0 WILLIAM DANNEHL TRUSTEE 4.00 X 0 0 0 BRITTANY DARDIS TRUSTEE 4.00 X 0 0 0 STEVE DRONEN TRUSTEE 4.00 X 0 0 0 PAUL HARMEL TRUSTEE 4.00 X 0 0 0 RICKARD HEDEBY TRUSTEE 4.00 X 0 0 0 EMIL HER MANY HORSES TRUSTEE 4.00 X 0 0 0 PAM HOMAN-EXEC DIR CTR FOR INNOV & LDRSHP/TRUSTEE THRU 9/15 4.00 X 42436 0 4880 DONALD KARRAS TRUSTEE 4.00 X 0 0 0 JOHN LUST TRUSTEE 4.00 X 0 0 0 LOIS MARTIN TRUSTEE 4.00 X 0 0 0 PAT MCADARAGH TRUSTEE 4.00 X 0 0 0 RON MOQUIST TRUSTEE 4.00 X 0 0 0 KRISTINE O'CONNELL TRUSTEE 4.00 X 0 0 0 MIKE OLSON TRUSTEE 4.00 X 0 0 0 NANCY OVIATT TITZE TRUSTEE 4.00 X 0 0 0 LAUREL PRIEB TRUSTEE 4.00 X 0 0 0 GAYLE REARDON TRUSTEE 4.00 X 0 0 0 KEITH SEVERSON TRUSTEE 4.00 X 0 0 0 JOHN THOMAS TRUSTEE 4.00 X 0 0 0 DEBBY VANDERWOUDE TRUSTEE 4.00 X 0 0 0 KATHY WALSH TRUSTEE 4.00 X 0 0 0 JILL WEBER AANENSON TRUSTEE 4.00 X 0 0 0 GREG WILCOX TRUSTEE 4.00 X 0 0 0 TODD WILLIAMS TRUSTEE 4.00 X 0 0 0 MARGARET YAKEL-JULEEN TRUSTEE 4.00 X 0 0 0 ROBERT OLIVER PRESIDENT 40.00 X 215025 0 32925 THOMAS M MEYER VP FINANCE & TREASURER 40.00 X 104619 0 19769 ROBERT PRELOGER VP ADVANCEMENT 40.00 X 139200 0 15950 SUSAN K SCHNEIDER HASSELER SVP ACADEMIC AFFAIRS/DEAN 40.00 X 155325 0 21250 THOMAS M BILLETER HEAD COACH 40.00 X 113233 0 15804 QUINN P STEIN PROFESSOR 40.00 X 110329 0 7700 JIM BIES VP/DEAN, STUDENT SERVICES 40.00 X 108610 0 19001 988777 0 137279 8 0 1 0 FIRST DAKOTA TITLE 600 S MAIN AVE STE 101 SIOUX FALLS SD 57104 CONSTRUCTION SERVICES 14624398 SODEXO INC 2001 S SUMMIT AVE BOX 786 SIOUX FALLS SD 57197 FOOD SERVICE 3648436 AVI SYSTEMS INC NW8393 PO BOX 1450 MINNEAPOLIS MN 554858393 AUDIO VISUAL DESIGN 537205 SEMINARS INTERNATIONAL INC 55 E MONROE ST STE 2870 CHICAGO IL 60603 INTERNATIONAL TRIP ARRANGEMENTS 361762 AOSNC LLC PO BOX 871945 KANSAS CITY MO 64187 CONTRACTORS 276359 19 61040 2177025 13847712 1176344 16085777 TUITION AND FEES 611600 48125789 48125789 AUXILIARY ENTERPRISES SERVICES 611710 8073173 8073173 EDUCATIONAL ACTIVITIES 611710 2211883 2211883 OTHER SOURCES 611710 856135 850760 5375 59266980 2549938 -98574 2648512 132935 422415 -289480 -289480 -252330 -37150 27680266 47150 24845400 81967 2834866 -34817 2800049 2800049 207934 61040 118509 89425 89425 14096 7031 7065 7065 INSURANCE PROCEEDS 524298 113881 113881 113881 80623635 59261605 -345529 5621782 25123891 25123891 496057 307374 188683 21811384 18226492 2749787 835105 1094770 883058 162367 49345 5001026 3796899 976480 227647 1487191 1192740 233030 61421 57258 57258 50800 50800 7149 7149 143390 143390 2385220 1946938 330482 107800 535903 488534 38675 8694 525720 430449 47787 47484 256088 236989 12635 6464 1234704 1024855 177270 32579 1535041 1377993 95853 61195 416316 319808 88107 8401 457302 457302 3066472 2944120 83101 39251 477384 156185 320592 607 FOOD & PROVISIONS 3948513 3728750 70548 149215 SUPPLIES 1687836 1479743 173814 34279 MISCELLANEOUS EXPENSE 623419 577111 15123 31185 EQUIPMENT MAINTENANCE 227187 190786 36213 188 72650021 64589792 6170686 1889543 4112041 1332557 1417723 3715495 8324732 7815611 2312436 2702621 160423 127951 322127 428767 135334664 53213074 64038207 82121590 47746746 47389504 21446179 19630726 4833949 4466088 206784 195000 154921347 169925910 6312613 5581524 7060039 6086527 3561477 3038035 12272644 27380262 583280 444854 2017864 2009993 31807917 44541195 X 40066663 38081995 27911731 25755045 55135036 61547675 123113430 125384715 154921347 169925910 X 7973614 -5384082 -318247 X 0 1 X 1 1 1 X 9241354 15272591 13714408 11087749 16085777 65401879 9241354 15272591 13714408 11087749 16085777 65401879 5592889 59808990 1810490 2125369 2838100 3586301 2524135 12884395 125769 126327 121369 426433 321815 1121713 79407987 293659773 0.75320 0.76400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2011 AMOUNT: $ 125,769. 2012 AMOUNT: $ 126,327. 2013 AMOUNT: $ 121,369. 2014 AMOUNT: $ 142,883. 2015 AMOUNT: $ 207,934. INSURANCE PROCEEDS - 2014 AMOUNT: $ 283,550. 2015 AMOUNT: $ 113,881. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 7149 7149 0 PART II-B, LINE 1: THE FIVE MEMBER COLLEGES OF THE SOUTH DAKOTA FOUNDATION FOR INDEPENDENT COLLEGES HAVE AGREED TO SHARE EQUALLY IN THE EXPENSES FOR A LOBBYIST. THE AMOUNT REPORTED REFERENCES AUGUSTANA'S PORTION. 2 0 85000 1990562 1 1 0 161138 X X X 0 0 1 X 71713203 6445292 -366383 2803433 1152415 73836264 70011428 3190663 2386338 1534509 2340717 71713203 64396596 1471482 6791732 1435987 1212395 70011428 55736484 4305315 6657836 1311193 991846 64396596 56320544 2388954 -727601 1350388 895025 55736484 0.01590 0.81850 0.16560 1 0 874785 874785 90494402 43980230 46514172 11192473 9232844 1959629 32773004 32773004 82121590 OTHER INVESTMENTS 1890337 F CSV OF LIFE INS POLICIES 1139199 C HEDGE FUNDS AND PARTNERSHIPS 13294831 F REAL ESTATE AND COMMODITIES FUNDS 3306359 F 19630726 ANNUITY OBLIGATIONS 988931 INTEREST RATE SWAP 869704 CAPITAL LEASE OBLIGATION 151358 2009993 X 50406346 -5384082 547955 -4836127 55242473 143390 25237772 25381162 80623635 47991742 609002 609002 47382740 143390 25123891 25267281 72650021 PART III, LINE 4: THE COLLECTION CONSISTS OF SIX PAINTINGS OF HISTORICAL EVENTS THAT ARE AVAILABLE FOR PUBLIC VIEWING. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS INCLUDE THE ESTIMATED LIABILITY UNDER VARIABLE CHARITABLE TRUSTS AND FUNDS HELD UNDER AGENCY RELATIONSHIPS. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY RELATED TO SCHOLARSHIPS AND TO SUPPLEMENT SALARY AND EXPENSE BUDGETS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT AUGUSTANA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, AUGUSTANA IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY UNRELATED INCOME UNDER SECTION 511 OF THE CODE. AUGUSTANA FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED AUGUSTANA'S TAX POSITIONS AND CONCLUDED THAT AUGUSTANA HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AUGUSTANA FILES AN INFORMATIONAL 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION. AUGUSTANA HAS NO FEDERAL OR STATE EXAMINATIONS CURRENTLY IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 118,509. COST OF GOODS SOLD 7,031. RENTAL EXPENSES 422,415. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,123,891. INSURANCE PROCEEDS 113,881. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 118,509. COST OF GOODS SOLD 7,031. RENTAL EXPENSES 422,415. ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE 61,047. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,123,891. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL OF AUGUSTANA'S BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS INCLUDE THE RACIALLY NONDISCRIMINATORY POLICY. FURTHERMORE, ALL WRITTEN ADVERTISING GIVEN TO PROSPECTIVE STUDENTS CONTAINS THE POLICY STATEMENT. SCHEDULE E, PART I, LINE 6 AUGUSTANA UNIVERSITY RECEIVED FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF SOUTH DAKOTA. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 13852486 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 2637978 0 0 0 0 0 0 16490464 0 16490464 1 0 1 1 1 0 PART I, LINE 3: MARKET VALUE OF INVESTMENTS BOOSTER AUCTION 129802 1710 128092 0 8453 15175 14892 6222 FOOTBALL GOLF TOURNEY 40050 2900 37150 0 1150 7105 5335 4580 6 99122 56430 42692 2900 4983 11770 17764 13410 4770 268974 61040 207934 2900 14586 34050 37991 13410 15572 118509 89425 1 AUGUSTANA GRANTS AND SCHOLARSHIPS 1488 22652664 0 N/A N/A ENDOWED AND ANNUAL SCHOLARSHIPS 646 1926417 0 N/A N/A SEOG GRANTS 301 544810 0 N/A N/A PART I, LINE 2: AUGUSTANA HAS A POLICY AND PROCEDURE MANUAL THAT IS FOLLOWED WHEN DETERMINING NEED AND THE ORDER IN WHICH GRANTS ARE AWARDED TO STUDENTS. GRANT FUNDS ARE MONITORED THROUGH ELECTRONIC COMPLIANCE CHECKS IN OUR STUDENT DATA SOFTWARE. CHECKS AND BALANCES ARE IN PLACE TO ENSURE PROPER AUTHORIZATION AND DISBURSEMENT OF FEDERAL FUNDS. INDIVIDUALS THAT HAVE RESPONSIBILITY FOR THESE FUNCTIONS ARE ORGANIZED INDEPENDENTLY FROM ONE ANOTHER. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ROBERT OLIVER PRESIDENT 207825 0 0 0 7200 0 15750 0 17175 0 247950 0 0 0 ROBERT PRELOGER VP ADVANCEMENT 139200 0 0 0 0 0 10150 0 5800 0 155150 0 0 0 SUSAN K SCHNEIDER HASSELER SVP ACADEMIC AFFAIRS/DEAN 155325 0 0 0 0 0 11550 0 9700 0 176575 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS $100/MONTH FOR A CLEANING SERVICE FOR THE PRESIDENT SINCE THE PRESIDENT HOLDS UNIVERSITY RELATED ACTIVITIES AT HIS PERSONAL RESIDENCE. THE PRESIDENT IS ALSO REIMBURSED $500 PER MONTH FOR THE COST OF HIS VEHICLE. BOTH OF THESE ITEMS ARE INCLUDED IN HIS TAXABLE INCOME. THE UNIVERSITY ALSO PAYS FOR THE PRESIDENT'S ANNUAL GOLF MEMBERSHIP DUES, WHICH ARE USED FOR BUSINESS PURPOSES AND NOT INCLUDED AS TAXABLE COMPENSATION. A COUNTY OF LINCOLN SOUTH DAKOTA 466000082 2005-12-01 7000000 LAND, BUILDINGS AND STRUCTURES, EQUIPMENT, REFUNDING OF PRIOR ISSUE 0 0 0 B COUNTY OF LINCOLN SOUTH DAKOTA 466000082 2008-12-10 9000000 BUILDINGS AND STRUCTURES, EQUIPMENT 0 0 0 C COUNTY OF MINNEHAHA SOUTH DAKOTA 466000426 2014-12-26 18000000 BUILDINGS AND STRUCTURES 0 0 0 A 2933548 7000000 40000 1510000 5450000 2006 1 0 1 1 B 1677342 9000000 119945 8880055 2009 0 0 1 1 C 18000000 100002 15891150 2008848 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 WELLS FARGO 3.560000000000 0 0 0 0 1 B 0 0 1 0 1 1 WELLS FARGO 3.640000000000 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 X 20 1176344 QUOTED MARKET PRICE 20 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SHALL CONSIST OF THE BOARD CHAIR, VICE CHAIR, AND SECRETARY, AND THE CHAIR OF THE BOARD'S STANDING COMMITTEES. THE IMMEDIATE PAST BOARD CHAIR SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE FOR ONE YEAR FOLLOWING EXPIRATION OF HIS OR HER TERM AS CHAIR. THE TREASURER SHALL BE AN ADVISORY MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE FULL AUTHORITY TO THE EXTENT PERMITTED BY LAW TO ACT FOR AND ON BEHALF OF THE BOARD BETWEEN REGULAR MEETINGS OF THE BOARD. AT THE NEXT REGULAR MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL REPORT ITS DECISIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE AUGUSTANA COLLEGE ASSOCIATION IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA). THE CONGREGATIONAL MEMBERS OF THE ASSOCIATION CONSIST OF ALL ELCA CONGREGATIONS IN THE SOUTH DAKOTA SYNOD, NEBRASKA SYNOD, SOUTHWESTERN MINNESOTA SYNOD AND WESTERN IOWA SYNOD. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION CONSIST OF 160 DELEGATES - 40 DELEGATES FROM EACH OF THE FOUR SUPPORTING SYNODS - AND ALL ELECTED MEMBERS FOR THE BOARD OF TRUSTEES. EACH SYNOD MAY DEVELOP ITS OWN PROCESS FOR ELECTING OR APPOINTING VOTING DELEGATES PROVIDED THAT EACH ELCA DESIGNATED CONFERENCE OR CLUSTER WITHIN THE SYNOD IS REPRESENTED BY A MINIMUM OF ONE CLERGY DELEGATE AND ONE LAY DELEGATE. FORM 990, PART VI, SECTION B, LINE 11 STAFF PREPARE ANSWERS AND DOCUMENTATION WHICH IS REVIEWED BY THE ASSOCIATE VICE PRESIDENT FOR FINANCE PRIOR TO SUBMISSION TO THE PAID PREPARER. THE ASSOCIATE VICE PRESIDENT FOR FINANCE IS IN CONSTANT CONTACT WITH THE PAID PREPARER DURING THE FORM 990 PREPARATION PROCESS. PRIOR TO SUBMISSION, KEY AUGUSTANA STAFF AND SELECTED BOARD MEMBERS REVIEW THE DOCUMENT AND AUTHORIZE SUBMISSION. A COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY AND ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY FILE A STATEMENT REGARDING POTENTIAL CONFLICTS AND DISCLOSING ANY POTENTIAL ISSUES. WHEN A TRUSTEE BELIEVES THAT HE OR SHE MAY HAVE EITHER AN ACTUAL OR PERCEIVED CONFLICT WITH REGARD TO A PARTICULAR DECISION TO BE MADE BY THE TRUSTEES, THAT TRUSTEE WILL ADVISE THE OTHER TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY ABOUT THE ACTUAL OR POTENTIAL CONFLICT AND REFRAIN FROM VOTING ON THE ISSUE AND THE MINUTES OF THE MEETING SHALL INDICATE THAT THE TRUSTEE MADE A DISCLOSURE REGARDING AN ACTUAL OR POTENTIAL CONFLICT AND THAT THE TRUSTEE ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS CALCULATED WITHIN BUDGET CONSTRAINTS USING A VARIETY OF DATA GATHERING TOOLS. NATIONAL AVERAGE AND MEDIAN SALARY INFORMATION IS COLLECTED ALONG WITH AVERAGE AND MEDIAN INFORMATION FROM INSTITUTIONS OF SIMILAR SIZE AND PURPOSE. AMOUNTS ARE APPROVED THROUGH A BUDGETING PROCESS AND ARE THEN BROUGHT BEFORE THE BOARD OF TRUSTEES SUBCOMMITTEES, AND ULTIMATELY THE BOARD OF TRUSTEES FOR APPROVAL. IN THEIR SUPERVISORY ROLE OVER THE PRESIDENT, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INVESTS SPECIFIC TIME STUDYING THESE NUMBERS IN REGARD TO THE PRESIDENT'S SALARY. THEIR RECOMMENDATION IS USED TO CONVEY THE PRESIDENT'S CONTRACT AMOUNT TO THE VICE PRESIDENT FOR HUMAN RESOURCES EACH YEAR. THIS PROCESS LAST OCCURRED IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE -61,047. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -257,200. CHARITABLE REMAINDER UNITRUSTS (5) INVESTMENT SD AUGUSTANA UNIVERSITY T 1 CHARITABLE REMAINDER ANNUITY TRUST (1) INVESTMENT SD AUGUSTANA UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0