2016-04-06T09:22:53-05:00 2015-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-06-01 470405319 UNION COLLEGE UNIO 4024862502 3800 SOUTH 46TH STREET LINCOLN NE 68506 JEFF LEEPER TREASURER 4024862502 2016-04-04 1 LARRY ADAMS P01314654 6123764500 2014 2016-08-17 19:52:53Z VANITA SAUDER 3800 SOUTH 46TH STREET LINCOLN NE 68506 38784560 0 1071 X WWW.UCOLLEGE.EDU X 1891 NE TO PROVIDE THE WHOLE COLLEGE EXPERIENCE INCLUDING EDUCATION, HOUSING, AND ASSOCIATED PROGRAMS FOR STUDENTS ATTENDING THE COLLEGE IN LINCOLN, NEBRASKA. 33 30 1008 125 393310 -3401 7127498 10959553 22494078 22334083 104336 78153 409382 598928 30135294 33970717 4321736 4713288 0 0 18495019 14382498 0 0 453483 4935007 9187184 27751762 28282970 2383532 5687747 53140889 61034959 13174602 16064578 39966287 44970381 INSPIRED BY FAITH IN JESUS CHRIST AND DEDICATED TO A PERSONAL STUDENT-FOCUSED COMMUNITY, UNION COLLEGE EMPOWERS STUDENTS FOR LEARNING, SERVICE AND LEADERSHIP. 0 0 14019637 4713288 18197904 INSTRUCTION AND PUBLIC SERVICE: UNION COLLEGE PROVIDES AN EXCEPTIONAL LIBERAL ARTS EDUCATION WITH 814 UNDERGRADUATE STUDENTS AND 89 MASTER'S LEVEL STUDENTS. THE 10 TO 1 STUDENT TEACHER RATIO ALLOWS FOR EXCELLENT STUDENT/TEACHER INTERACTION. UNION COLLEGE OFFERS MORE THAN 50 MAJORS, MINORS, AND EMPHASES IN 27 FIELDS OF STUDY INCLUDING BACHELOR'S DEGREES IN RELIGION, BUSINESS, EDUCATION, NURSING ENGLISH, AND INTERNATIONAL RESCUE & RELIEF, AS WELL AS A MASTER'S DEGREE IN PHYSICIAN ASSISTANT STUDIES. 4530583 0 1271202 ACADEMIC SUPPORT AND STUDENT SERVICES: ACADEMIC SUPPORT INCLUDES THE LIBRARY, ACADEMIC ADMINISTRATION, INSTITUTIONAL RESEARCH, AND ACADEMIC INSTITUTIONAL TECHNOLOGY. STUDENT SERVICES SUPPORTS STUDENTS THROUGH COUNSELING, RECORDS OFFICE, ADMISSIONS AND OTHER STUDENT SUPPORT. 3613138 0 3350157 AUXILIARY SERVICES:AUXILIARY SERVICES AT UNION COLLEGE EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, INSTITUTIONAL DEPARTMENTS AND THE PUBLIC. THE MOST PROMINENT OF THESE SERVICES PROVIDE SUPPORT TO OUR STUDENTS AND INCLUDE RESIDENCE HALLS, BOOKSTORE, AND CAMPUS HOUSING. 22163358 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 1 0 0 1 1211 0 1008 1 1 1 0 0 0 0 0 0 0 0 0 X 33 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X HARVEY MEIER CONTROLLER 4024862502 3800 SOUTH 46TH STREET LINCOLN NE 68506 VANITA SAUDER PRESIDENT 40.00 1.00 X X 39282 0 17284 JOHN WAGNER PRESIDENT 40.00 0.00 X X 11916 0 5244 HAROLD ALOMIA TRUSTEE 1.00 0.00 X 0 0 0 KEN BACON TRUSTEE 1.00 0.00 X 0 0 0 ED BARNETT TRUSTEE 1.00 0.00 X 0 0 0 STEVE BASCOM TRUSTEE 1.00 0.00 X 0 0 0 ROGER BERNARD TRUSTEE 1.00 0.00 X 0 0 0 NEIL BILOFF TRUSTEE 1.00 0.00 X 0 0 0 MARIDAN BLAIR TRUSTEE 1.00 0.00 X 0 0 0 RON CARLSON TRUSTEE 1.00 0.00 X 0 0 0 STEVE CHAVEZ TRUSTEE 1.00 0.00 X 0 0 0 DEAN CORIDAN TRUSTEE 1.00 0.00 X 0 0 0 CARY DECAMP TRUSTEE 1.00 0.00 X 0 0 0 MORRE DEAN TRUSTEE 1.00 0.00 X 0 0 0 TANYA DICK TRUSTEE 1.00 0.00 X 0 0 0 GARTH FLETCHER TRUSTEE 1.00 0.00 X 0 0 0 DOUG GOETZ TRUSTEE 1.00 0.00 X 0 0 0 MILDRED GREER TRUSTEE 1.00 0.00 X 0 0 0 ROB KOCH TRUSTEE 1.00 0.00 X 0 0 0 JOHN KRIEGELSTEIN TRUSTEE 1.00 0.00 X 0 0 0 JACK KROGSTAD TRUSTEE 1.00 0.00 X 0 0 0 RICK KRUEGER TRUSTEE 1.00 0.00 X 0 0 0 JEROME LANG TRUSTEE 1.00 1.00 X 0 0 0 KEVIN LANG TRUSTEE 1.00 0.00 X 0 0 0 JUSTIN LYONS TRUSTEE 1.00 0.00 X 0 0 0 JAMES MCARTHUR TRUSTEE 1.00 0.00 X 0 0 0 TROY PEOPLES TRUSTEE 1.00 0.00 X 0 0 0 BARBARA PROWANT TRUSTEE 1.00 0.00 X 0 0 0 RICH REINER TRUSTEE 1.00 0.00 X 0 0 0 SUSAN REISWIG-HAINES TRUSTEE 1.00 0.00 X 0 0 0 KENT SELTMAN TRUSTEE 1.00 0.00 X 0 0 0 KENT THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 GARY THURBER TRUSTEE 1.00 0.00 X 0 0 0 GILL WEBB TRUSTEE 1.00 0.00 X 0 0 0 JEFF LEEPER SECRETARY/TREASURER 40.00 2.00 X 66887 0 29430 MALCOM RUSSELL VICE PRESIDENT 40.00 0.00 X 66887 0 29430 184972 0 81388 0 0 0 0 HAMPTON COMMERCIAL CONSTRUCTION 3400 PLANTATION DR 110 LINCOLN NE 68516 CONSTRUCTION 579719 US FOODSERVICE INC PO BOX 501133 ST LOUIS MO 63150 FOOD SERVICE 397278 ADVENTIST COLLEGES ABROAD 12501 OLD COLUMBIA PIKE SILVER SPRING MD 20904 STUDENT SERVICES 269224 SANDSTONE CONSTRUCTION LLC 500 N BRYANT PO BOX 6896AVE LINCOLN NE 68506 CONSTRUCTION 261939 GANA TRUCKING & EXCAVATING 2200 W PANAMA RD MARTEL NE 68404 CONSTRUCTION 240773 10 3047587 432996 7478970 356790 10959553 TUITION AND FEES 611710 18197904 18197904 AUXILIARY SERVICES 611710 2864977 2523815 341162 STUDENT SERVICES 611710 1271202 1271202 22334083 188335 188335 116065 2317 113748 113748 52148 61600 3617818 3482680 245320 135138 -245320 -110182 -110182 1568706 1083526 485180 485180 33970717 22478101 393310 139753 4713288 4713288 308383 308383 10495221 8149021 2114415 231785 1356080 950037 365891 40152 1443245 1077117 320606 45522 779569 771120 8362 87 41311 41311 59261 59261 37036 37036 737222 371893 307519 57810 295364 196710 97463 1191 1633054 703115 872873 57066 42928 42133 736 59 1844743 522755 1321836 152 525823 435693 73598 16532 2963 2963 562438 562438 1350238 258349 1090788 1101 400506 224238 176268 INSTRUCTIONAL 365050 54852 310198 DUES/MEMBERSHIPS 323876 246817 72807 4252 BAD DEBT 168000 168000 COST ALLOCATIONS 0 2933916 -2933916 797371 341341 458256 -2226 28282970 22163358 5666129 453483 2544718 4452651 3336229 3928765 1314658 1565118 23760 50147 6548 28517 387223 286439 47612 140592 61448958 19892941 35870675 41556017 4816911 6498964 2647753 2527749 2144802 53140889 61034959 2495778 2477970 1822653 1833810 274116 268506 5341601 4786111 246899 269251 1966682 4840002 1026873 1588928 13174602 16064578 X 31889811 34515261 5740114 5314130 2336362 5140990 39966287 44970381 53140889 61034959 X 5687747 -40443 -667765 24555 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6556331 2744171 136260 392029 9044733 5387057 1672679 -106670 396735 6556331 5202755 394101 67013 276812 5387057 4713386 440782 275483 226896 5202755 4495009 403464 91523 276610 4713386 0.32320 0.56840 0.10840 0 0 3109800 679110 3788910 44112219 11016024 33096195 2889615 1542382 1347233 10428712 7334535 3094177 229502 229502 41556017 ANNUITY AND SPLIT INTEREST AGREEMENT OBLIGATIONS 1036802 ASSET RETIREMENT OBLIGATION 552126 1588928 X 30288031 -40443 1108081 1067638 29220393 37036 4713288 4750324 33970717 24616172 1083526 1083526 23532646 37036 4713288 4750324 28282970 PART IV, LINE 2B: THE COLLEGE HOLDS DEPOSITS AND AGENCY ACCOUNTS FOR THE BENEFIT OF STUDENTS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED TO SUPPORT STUDENT SCHOLARSHIPS AND OTHER INSTITUTIONAL NEEDS AS THEY ARISE. PART X, LINE 2: THE COLLEGE IS A RELIGIOUS AND EDUCATIONAL NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITIES AND SPLIT-INTEREST AGREEMENTS 24,555. COST OF GOODS SOLD 1,083,526. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,713,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,083,526. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,713,288. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND IN COLLEGE BROCHURES. SCHEDULE E, PART I, LINE 6 UNION COLLEGE PARTICIPATES IN THE FOLLOWING FEDERAL PROGRAMS THROUGH THE US DEPARTMENT OF EDUCATION: PELL GRANT PROGRAM; FEDERAL DIRECT LOAN PROGRAM; FEDERAL WORK-STUDY PROGRAM; FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM; FEDERAL PERKINS LOAN PROGRAM; AND FEDERAL NURSING STUDENT LOAN PROGRAM. EXPENDITURES RELATED TO THE PROGRAMS ARE PRIMARILY MADE BY PARTICIPATING STUDENTS AT THE COLLEGE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD AND MISSION TRIPS 156050 EUROPE 0 0 PROGRAM SERVICES STUDENT TRIPS 28355 SOUTH AMERICA 0 0 PROGRAM SERVICES MISSION TRIPS 40660 0 0 0 0 0 0 225065 0 225065 0 0 0 0 0 0 PART I, LINE 3: THE COLLEGE USES THE ACCRUAL METHOD TO REPORT EXPENDITURES ON SCHEDULE F. 1 MERIT AWARDS 742 3089337 0 N/A N/A MATCHING AWARDS 361 622862 0 N/A N/A NEED BASED AWARDS 242 481568 0 N/A N/A UC GRANTS - NEED BASED 269 519521 N/A N/A PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE COLLEGE'S POLICY. A NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 2012-06-26 5500000 FACILITY CONSTRUCTION 0 0 0 A 713889 5500000 40000 5460000 2012 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 JEFF LEEPER OFFICER BRIDGE LOAN TO ASSIST WITH RELOCATION X 55911 50147 0 1 1 50147 SEE PART V 7950 SCHOLARSHIP EDUCATIONAL COOPERS APARTMENTS LLC TRUSTEES KENT THOMPSON AND RICK KRUEGER CO-OWN COOPERS APARTMENTS LLC 137534 LEASE PAYMENTS 0 SANDSTONE CONSTRUCTION LLC TRUSTEE KENT THOMPSON OWNS SANDSTONE CONSTRUCTION, LLC 261939 CONSTRUCTION SERVICES 0 SCHEDULE L, PART III, GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS: CERTAIN FAMILY MEMBERS OF OFFICERS ATTEND THE COLLEGE AND RECEIVE SCHOLARSHIPS ON THE SAME TERMS AND CRITERIA AS OTHER STUDENTS AT THE COLLEGE. X 1 28500 APPRAISAL X 1 12990 APPRAISAL X 1 275000 APPRAISAL X MUSICAL INSTRUMENTS 1 14700 ESTIMATED VALUE X MEDICAL EQUIPMENT 1 10000 ESTIMATED VALUE X MAPLE TREES 1 10000 ESTIMATED VALUE X OTHER 1 5600 ESTIMATED VALUE 0 0 0 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE/OFFICERS CONSIST OF PRESIDENT, VICE PRESIDENT (ACADEMIC DEAN), AND SECRETARY TREASURE (VP FOR FINANCE). THE COMMITTEE HAS THE AUTHORITY TO MAKE FINANCIAL COMMITMENTS ON BEHALF OF THE COLLEGE OF UP TO $100,000. FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERS ARE COMPRISED OF THE SAME CONSTITUENCY AS THE MID-AMERICA UNION CONFERENCE OF SEVENTH-DAY ADVENTISTS, AS DEFINED IN THE CONFERENCE'S GOVERNING INSTRUMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE COLLEGE'S MEMBERS MAY ELECT OR REMOVE THE BOARD OF TRUSTEES. THE PRESIDENT, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR ADMINISTRATION, AND DIRECTOR OF EDUCATION OF THE MID-AMERICA UNION CONFERENCE SERVE AS TRUSTEES OF THE COLLEGE, AS DO THE PRESIDENTS OF ALL LOCAL CONFERENCES WITHIN THE MID-AMERICA UNION CONFERENCE ASSOCIATION TERRITORY. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENTS OF THE COLLEGE'S GOVERNING DOCUMENTS REQUIRE THE APPROVAL OF THE COLLEGE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING DATA SUPPLIED BY MANAGEMENT. A COPY OF THE 990 WAS PROVIDED VIA E-MAIL TO EACH MEMBER OF THE BOARD TO REVIEW WITH SPECIFIC REVIEW WITH THE AUDIT COMMITTEE AS DESIGNATED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST SIGN A CONFLICT OF INTEREST FORM AT THE START OF EACH YEAR. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A MEETING OF THE BOARD OR ANY OF ITS COMMITTEES IN WHICH THE TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH A MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OF TRUSTEES OR COMMITTEE OF THE BOARD TO RESOLVE THE QUESTION BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE NORTH AMERICAN DIVISION OF SEVENTH-DAY ADVENTISTS PUBLISHES PAY SCALES FOR ALL ORGANIZATIONS UNDER THEM. THE PAY SCALES PROVIDE A BASE SALARY AND EVERYONE GETS A PERCENTAGE OF THE BASE SALARY, ALLOWING FOR VARIANCES BASED ON THE COST OF LIVING IN THE AREA. THESE PAY SCALES ARE DEVELOPED WITH AN EXTERNAL INDEPENDENT COMPANY THAT CALCULATES THE DATA. FOR THE PRESIDENT AND CFO OF THE COLLEGES AND UNIVERSITIES THE PAY SCALES HAVE A PROVISION TO ADD A SPOUSE ALLOWANCE OF 20 PERCENT TO THEIR SALARY. UNION COLLEGE CREATES CATEGORIES WITHIN THESE RANGES AND EVERYONE IS PLACED WITHIN THE RANGES BASED ON EXPERIENCE AND DEGREES HELD. EVERYONE IS PLACED IN THESE CATEGORIES BY HR AND THE HR COMMITTEE. ONCE A YEAR THE FINANCE COMMITTEE IS GIVEN A COPY OF EACH EMPLOYEE'S SALARY, AND COPY OF THE PAY SCALE TO REVIEW FOR ACCURACY. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND SPLIT-INTEREST AGREEMENTS 24,555. MID-AMERICA UNION CONFERENCE ASSOCIATION OF SEVENTH-DAY ADVENTISTS 8307 PINE LAKE ROAD LINCOLN NE 68516 CHURCH NE 501(C)(3) LINE 1 N/A 0 MIDWEST FOUNDATION FOR HIGHER EDUCATION 3800 SOUTH 48TH STREET LINCOLN NE 68506 470698086 SUPPORT STUDENTS AT UNION COLLEGE NE 501(C)(3) LINE 11B, II UNION COLLEGE 1 UNION COLLEGE HOUSING INC 5211 CALVERT STREET LINCOLN NE 68506 363248578 LOW-INCOME HOUSING NE 501(C)(3) LINE 7 UNION COLLEGE 1 CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENTS NE UNION COLLEGE T 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 MIDWEST FOUNDATION FOR HIGHER EDUCATION C 344763 CASH TRANSFERRED UNION COLLEGE HOUSING Q 85346 CASH TRANSFERRED