2016-04-14T09:57:14-05:00 2015-06-30 420714325 RSM US LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2014-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 WEST LOCUST STREET DAVENPORT IA 52803 MICHAEL POSTER VP OF FINANCE 5633336329 2016-04-13 1 CARLEY UMSTEAD P00982177 3192985333 2014 2016-08-17 19:52:53Z SISTER JOAN LESCINSKI 518 WEST LOCUST STREET DAVENPORT IA 52803 173662701 0 X SAU.EDU X 1885 IA ST AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 30 28 2023 275 364950 5473 6094320 6282828 94273734 96934363 13485022 8182207 83672 161214 113936748 111560612 30631923 31878616 0 0 38392509 39514523 22762 24292 2024436 27072880 27999088 96120074 99416519 17816674 12144093 274166098 280380806 90050936 89628792 184115162 190752014 X ST. AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN, AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 27872967 80276326 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. THIRTEEN BACHELORS, FOURTEEN MASTERS AND TWO DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 31878616 31878616 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 8666907 STUDENT SERVICES: ST. AMBROSE SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS. 8867672 16299509 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS. 443584 INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT. 3001457 OTHER PROGRAM SERVICES INCLUDES INTEREST EXPENSE. 4830413 ACADEMIC SUPPORT 17143126 16299509 85561616 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 3304 0 1 2023 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ LA MD MI NH SC WA X MICHAEL POSTER 5633336329 518 W LOCUST STREET DAVENPORT IA 52803 X BISHOP MARTIN AMOS BOARD MEMBER/CHAIR 1.00 X X 0 0 0 JOHN ANDERSON BOARD MEMBER 1.00 X 0 0 0 SUSAN BALTHASAR BOARD MEMBER 1.00 X 0 0 0 MICHAEL A BAUER BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 RITA BAWDEN BOARD MEMBER 1.00 X 0 0 0 TOM BERTHEL BOARD MEMBER 1.00 X 0 0 0 DR SUSAN MARLEY BIRD BOARD MEMBER 1.00 X 0 0 0 DR DAN BRODERICK BOARD MEMBER 1.00 X 0 0 0 ED CARROLL BOARD MEMBER 1.00 X 0 0 0 LEN CERVANTES BOARD MEMBER 1.00 X 0 0 0 PHIL DOHERTY BOARD MEMBER 1.00 X 0 0 0 JAMES FIELD BOARD MEMBER 1.00 X 0 0 0 BISHOP ROBERT D GRUSS BOARD MEMBER 1.00 X 0 0 0 DR NIDAL H HARB BOARD MEMBER 1.00 X 0 0 0 BERNIE HARDIEK BOARD MEMBER 1.00 X 0 0 0 JOHN F HECKINGER BOARD MEMBER 1.00 X 0 0 0 TOM HIGGINS BOARD MEMBER 1.00 X 0 0 0 MSGR JOHN HYLAND BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 BARB JOHNSON BOARD MEMBER 1.00 X 0 0 0 MARK KILMER BOARD MEMBER 1.00 X 0 0 0 ANGELA LAWRENCE BOARD MEMBER 1.00 X 0 0 0 BRIAN J LEMEK BOARD MEMBER 1.00 X 0 0 0 ELIZABETH LEMEK BOARD MEMBER 1.00 X 0 0 0 JILL MCLAUGHLIN BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 JOE O'ROURKE BOARD MEMBER 1.00 X 0 0 0 STEVE ROELL BOARD MEMBER 1.00 X 0 0 0 PAUL SACHS BOARD MEMBER 1.00 X 0 0 0 PAUL TRENSHAW BOARD MEMBER 1.00 X 0 0 0 LISA WARE BOARD MEMBER 1.00 X 0 0 0 JOAN LESCINSKI CSJ PRESIDENT/BOARD SEC/TREASURER 40.00 X X 0 0 0 DR PAUL KOCH VP ACADEMIC & STUDENT AFFAIRS 40.00 X 212814 0 28736 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 40.00 X 178233 0 28048 JOHN COOPER VP ENROLLMENT MANAGEMENT 40.00 X 141110 0 25873 JAMES STANGLE VP ADVANCEMENT 40.00 X 161721 0 17176 DR LINDA BROWN PROFESSOR 40.00 X 120264 0 7951 DR SANDRA CASSADY DEAN 40.00 X 135477 0 29441 DR DAVID O'CONNELL PROFESSOR 40.00 X 121491 0 25205 DR RANDY RICHARDS PROFESSOR 40.00 X 119978 0 7969 DR ART MOREAU PROFESSOR 40.00 X 123972 0 7665 1315060 0 178064 30 0 1 0 SODEXO CAMPUS SERVICES 518 W LOCUST ST DAVENPORT IA 52803 FOOD SERVICES 6052749 ESTES COMPANY PO BOX 3608 DAVENPORT IA 52808 CONSTRUCTION 2286807 BUSH CONSTRUCTION COMPANY 5401 VICTORIA AVE DAVENPORT IA 52807 CONSTRUCTION 1050813 PER MAR SECURITY SERVICE PO BOX 1101 DAVENPORT IA 52805 SECURITY 315395 GOLDMAN SACHS 71 S WACKER DR STE 500 CHICAGO IL 60606 INVESTMENT MANAGEMENT 309926 14 29754 147940 486583 5618551 480396 6282828 EDUCATION/GENERAL 611710 80276326 80276326 AUXILIARY ENTERPRISES 624410 16658037 16299509 358528 96934363 2479894 2479894 140273 112692 27581 27581 27581 67645406 9783 61952876 0 5692530 9783 5702313 5702313 163727 147940 36521 127206 127206 5 0 5 5 K-1 PARTNERSHIP 900099 6422 6422 6422 111560612 96575835 364950 8336999 31878616 31878616 1093575 385179 529717 178679 40929 40929 31555003 27101244 3489824 963935 1649159 1412640 186412 50107 2905651 2255612 519347 130692 2270206 1932197 257766 80243 211735 211735 93310 93310 4000 4000 24292 24292 318479 318479 2078801 100104 1939942 38755 1018811 61297 918627 38887 1632608 1065656 452129 114823 973418 973418 2096004 1895911 162315 37778 1007914 836957 69081 101876 19657 15059 4598 2531251 2531251 4970947 4444356 427172 99419 594161 424719 152019 17423 FOOD COSTS 4395784 4330284 279 65221 EQUIP AND MAINTENANCE 1472688 1372085 80831 19772 ATHLETIC SPORTS 631563 631563 LIBRARY BOOKS AND BINDI 519248 519248 3428709 2367638 998537 62534 99416519 85561616 11830467 2024436 1837121 2062732 21351824 16989523 2632651 3435314 1243488 1123143 825377 824542 498503 832992 161891897 53777026 107782599 108114871 121020579 126199693 15436641 19352428 1537315 1411287 34281 274166098 280380806 9738225 9881626 780986 679639 63853911 62468305 15677814 16599222 90050936 89628792 X 155830123 159776985 16376206 18438248 11908833 12536781 184115162 190752014 274166098 280380806 X 12144093 -4461063 67938 -1114116 X 0 1 X 1 1 1 X 5536645 4578046 6024511 6094320 6282827 28516349 5536645 4578046 6024511 6094320 6282827 28516349 1257231 27259118 2311391 2707269 2834420 2433323 2620167 12906570 27538 47478 5473 80489 41503408 454600166 0.65680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 4000 0 0 4000 0 PART II-B, LINE 1: THE PRESIDENT OF THE UNIVERSITY AND THE DIRECTOR OF GOVERNMENT AND COMMUNITY RELATIONS TRAVEL TO WASHINGTON DC THREE TIMES A YEAR. AT THAT TIME THEY VISIT BOTH ELECTED REPRESENTATIVES AND GOVERNMENT OFFICIALS TO ADVOCATE ON BEHALF OF ST. AMBROSE AND HIGHER EDUCATION. IN ADDITION, THE DIRECTOR OF GOVERNMENT AND COMMUNITY RELATIONS TRAVELS TO DES MOINES FOR HIGHER EDUCATION LOBBY DAYS AND TO ADVOCATE FOR IOWA TUITION GRANTS AND OTHER AREAS OF INTEREST. VOLUNTEERS COULD BE ASKED TO WRITE LETTERS TO VARIOUS FEDERAL, STATE AND LOCAL ELECTED OFFICIALS TO ADVOCATE ON BEHALF OF AREAS OF INTEREST TO ST. AMBROSE. 132297695 1330084 3303763 604235 85274 1925332 134316701 117969947 2506035 14908510 351882 89464 2645451 132297695 105247246 1512345 13764671 284754 70954 2198607 117969947 107280983 1422229 -1093069 236189 132716 1993992 105247246 90044599 1051818 16779994 222160 153165 220103 107280983 0.82000 0.09000 0.09000 1 0 2552945 8703943 11256888 4122834 124909266 42321136 86710964 4234548 1810451 2424097 15214294 9621666 5592628 2154067 23773 2130294 108114871 CASH VALUE OF LIFE INSURANCE 308781 F ALTERNATIVE INVESTMENTS 19043647 F 19352428 ACCRUED LOSS - INTEREST RATE SWAP 11446414 US GOVERNMENT GRANTS - PERKINS LOANS 3144069 ANNUITIES PAYABLE 2008739 16599222 X 78585861 -4461063 67938 825 -4392300 82978161 -67517 28649968 28582451 111560612 71949009 1217851 1217851 70731158 -67517 28752878 28685361 99416519 PART V, LINE 4: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. 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, 2015 AND 2014, 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 FISCAL YEAR ENDED JUNE 30, 2011 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST RECEIVABLE 825. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -112,693. INSTITUTIONAL GRANTS 28,752,878. GAIN (LOSS) ON FIXED ASSETS 9,783. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE 112,693. GAIN (LOSS) ON FIXED ASSETS -9,783. UNREALIZED GAIN ON INTEREST RATE SWAP 1,114,941. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 28,752,878. 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 RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE STATED IN ALL ADVERTISEMENTS AND UNIVERSITY MATERIALS. SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION: FED SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FED WORK-STUDY FED PERKINS LOAN PROGRAM FED PELL GRANT PROGRAM FED DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT PASSED THROUGH ILLINOIS BOARD OF HIGHER EDUCATION: EARLY CHILDHOOD EDUCATOR PREPARATION PROGRAM INNOVATION GRANT NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES: SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS GRANT NATIONAL ENDOWMENT FOR THE ARTS: PROMOTION OF THE ARTS STATE OF IOWA PROGRAMS INCLUDE: IOWA TUITION GRANT IOWA GRANT IOWA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IOWA OPPORTUNITY FOSTER CARE GRANT EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 38520 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 411725 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 123965 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 14297 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 59808 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 33775100 0 0 0 0 0 0 34423415 0 34423415 1 0 1 0 1 0 X X X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52404 OUTSOURCE OF PHONATHON 0 71237 22205 49032 71237 22205 49032 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WINE FESTIVAL 257247 97370 159877 8543 14756 214 9950 GOLF OUTING 54420 50570 3850 3058 311667 147940 163727 8543 17814 214 9950 36521 127206 1 STUDENT SCHOLARSHIPS 2410 26620248 ATHLETIC SCHOLARSHIPS 737 2656127 EMPLOYEE SCHOLARSHIPS 192 2602241 PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS COMPLIANCE WITH GRANT/SCHOLARSHIP CRITERIA ON AN INDIVIDUAL STUDENT BASIS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR PAUL KOCH VP ACADEMIC & STUDENT AFFAIRS 180095 0 0 0 32719 0 12763 0 15973 0 241550 0 0 0 MICHAEL POSTER VP FINANCE/BOARD ASST SEC/TREASURER 166997 0 0 0 11236 0 11918 0 16130 0 206281 0 0 0 JOHN COOPER VP ENROLLMENT MANAGEMENT 132567 0 0 0 8543 0 9515 0 16358 0 166983 0 0 0 JAMES STANGLE VP ADVANCEMENT 149618 0 0 0 12103 0 10595 0 6581 0 178897 0 0 0 DR SANDRA CASSADY DEAN 135177 0 0 0 300 0 9395 0 20046 0 164918 0 0 0 PART I, LINE 4B CONTRIBUTION TO SR. JOAN LESCINSKI 457(F) PLAN FOR 2014 WAS $10,880. SCHEDULE J - SUPPLEMENTAL INFORMATION SISTER JOAN LESCINSKI (PRESIDENT/BOARD MEMBER) HAD A HOUSING ALLOWANCE OF $9,084. THIS WAS CONSIDERED NONTAXABLE COMPENSATION. JOHN COOPER (VP FOR ADVANCEMENT), MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), AND JAMES STANGLE ( VP FOR ADVANCEMENT) RECEIVED SOCIAL CLUB DUES OF $3,650, $2,250, $9,300 AND $9,625 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. MICHAEL POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), JOHN COOPER (VP FOR ENROLLMENT MANAGEMENT), AND JAMES STANGLE (VP FOR ADVANCEMENT) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $8,086, $8,269, $4,243, AND $1,828 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. THE UNIVERSITY WILL NOT REIMBURSE INDIVIDUALS FOR TRAVEL, MEALS AND ENTERTAINMENT EXPENSES INCURRED FOR A SPOUSE, DEPENDENT OR OTHER INDIVIDUAL WHO ACCOMPANIES AN INDIVIDUAL ON A BUSINESS TRIP OR UNIVERSITY EVENT UNLESS THE PRESENCE OF THE SPOUSE, DEPENDENT OR OTHER INDIVIDUAL ON A TRIP OR AT A UNIVERSITY EVENT IS FOR A BONA FIDE BUSINESS PURPOSE. INDIVIDUALS MUST OBTAIN APPROVAL FOR THE EXPENSES RELATED TO SPOUSES, DEPENDENTS OR OTHER INDIVIDUALS FROM THE VICE PRESIDENT OF FINANCE PRIOR TO THEIR TRIP OR UNIVERSITY EVENT. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460QU3 2003-04-02 37795000 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460D52 2008-04-01 20000000 SEE PART VI 0 0 0 C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 46246OU38 2011-12-16 11953875 SEE PART VI 0 0 0 A 6105000 38066198 316134 63161 16444095 21244378 2007 1 0 1 1 B 20033205 233947 12309 19571949 215000 2009 0 0 1 1 C 650000 11955327 208146 11747181 2012 0 0 1 1 A 0 1 1 1 0 0.01240 0.00000 0.01240 0 0 1 B 0 1 0 0 0.00160 0.00000 0.00160 0 0 1 C 0 1 1 1 0 0.00850 0.00000 0.00850 0 0 1 A 1 1 0 0 1 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/17/2008 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/16/2013 SCHEDULE K, PART I - DESCRIPTION OF PURPOSE SCHEDULE K, PART I, LINE A (2003 BONDS), COLUMN (F): CONSTRUCTION OF THE UNIVERSITY CENTER, LAND ACQUISITION FOR EXPANSION, RENOVATION OF CERTAIN SPACES, GENERAL IMPROVEMENTS TO FACILITIES AND REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY HIGHER EDUCATION FACILITIES REVENUE BONDS ISSUED 2/22/1995, 2/27/1997 AND 10/14/1999. SCHEDULE K, PART I, LINE B (2008 BONDS), COLUMN (F): CONSTRUCTION OF RESIDENCE HALL/CLASSROOM, ACQUISITION OF ACCEL BUILDING AND CONSTRUCTION OF FRANKLIN HALL AND BECHTEL HALL. SCHEDULE K, PART I, LINE C (2011 BONDS), COLUMN (F): CONSTRUCTION OF RESIDENCE HALL, EXPANSION OF DINING HALL AND OTHER VARIOUS IMPROVEMENTS. SCHEDULE K, PART II, LINE 3 - TOTAL PROCEEDS OF ISSUE COLUMN A (2003 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $272,768 MINUS A YIELD REDUCTION PAYMENT OF $1,570. COLUMN B (2008 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $33,205. COLUMN C (2011 BONDS): TOTAL PROCEEDS INCLUDES PROCEEDS PLUS INVESTMENT EARNINGS OF $1,452. SCHEDULE K, PART II, LINE 11 - OTHER SPENT PROCEEDS COLUMN A (2003 BONDS): REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY HIGHER EDUCATION FACILITIES REVENUE BONDS ISSUED 2/22/1995, 2/27/1997 AND 10/14/1999 SCHEDULE K, PART III, LINE 4 - MANAGEMENT CONTRACTS COLUMN A (2003 BONDS): ST. AMBROSE UNVIVERSITY ENTERED INTO A QUALIFIED MANAGEMENT CONTRACT DURING THE LATER PART OF 2013 WHICH WILL REDUCE THE AMOUNT OF PRIVATE BUSINESS USE FOR THE 2003 BONDS GOING FORWARD AND REDUCE THE AVERAGE PERCENTAGE OF PRIVATE BUSINESS USE OVER THE LIFE OF THE BONDS. COLUMN C (2011 BONDS): ST. AMBROSE UNIVERSITY ENTERED INTO A QUALIFIED MANAGEMENT CONTRACT DURING THE LATER PART OF 2013 WHICH WILL REDUCE THE AMOUNT OF PRIVATE BUSINESS USE FOR THE 2011 BONDS GOING FORWARD AND REDUCE THE AVERAGE PERCENTAGE OF PRIVATE BUSINESS USE OVER THE LIFE OF THE BONDS. SCHEDULE K, PART IV, LINE 6 - INVESTMENT OF GROSS PROCEEDS COLUMN A (2003 BONDS): ST. AMBROSE UNIVERSITY INVESTED A SMALL PORTION OF BOND PROCEEDS BEYOND AN AVAILABLE TEMPORARY PERIOD AND MADE A YIELD REDUCTION PAYMENT TO THE FEDERAL GOVERNMENT TO COMPLY WITH YIELD RESTRICTIONS. MCCARTHY IMPROVEMENT BUSH CONSTRUC ENITIES MORE THAN 35% OWNED BY FAMILY OF BARBARA JOHNSON, BOARD MEMBER 164312 CONSTRUCTION SERVICES 0 ALLISON CONKLIN GRANDDAUGHTER OF JILL MCLAUGHLIN, BOARD MEMBER 40929 SALARY AND BENEFITS PAID TO ALLISON MCLAUGHLIN FOR EMPLOYMENT IN ADMISSIONS OFFICE 0 0 X 30 353308 AVG HIGH/LOW X MISCELLANEOUS 143 87647 COST X FOOD & SUPPLIES 16 19868 COST X EQUIPMENT/FURNITURE 6 19573 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PAGE 1, LINE 6 - VOLUNTEER ACTIVITIES FUNDRAISING EVENTS ALL HAVE VOLUNTEER COMMITTEES THAT HELP PLAN AND IMPLEMENT THESE ACTIVITIES. THESE INCLUDE: THE FIGHTING BEE GOLF CLASSIC COMMITTEE, THE WINE FESTIVAL COMMITTEE, VISION CHICAGO AND THE ALUMNI BOARD WHICH SPONSORS TRIVIA NIGHTS AND BEE COOL TENTS AT AREA ROAD RACES. SEVERAL ADVISORY COUNCILS HAVE BEEN IMPLEMENTED FOR THE SILENT PHASE OF A CAPITAL CAMPAIGN. IN ADDITION, SEVERAL ADVISORY BOARDS HAVE BEEN CREATD TO BROADEN ALUMNI SUPPORT. THESE INCLUDE: PARENT'S COUNCIL; PRESIDENT'S ADVISORY COUNCIL; NATIONAL AMBROSE ANNUAL FUND COUNCIL; COLLEGE OF ARTS AND SCIENCES, COLLEGE OF HEALTH AND HUMAN SERVICES AND COLLEGE OF BUSINESS ADVISORY COUNCILS; CAMPUS MINISTRY ADVISORY COUNCIL; RESIDENCE LIFE ADVISORY COUNCIL AND ATHLETICS ADVISORY COUNCIL. IN TOTAL, 275 INDIVIDUALS SERVED AS VOLUNTEERS IN FISCAL YEAR 2015. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF OFFICERS OF THE BOARD OF TRUSTEES AND THE CHAIRPERSONS OF EACH OF THE STANDING COMMITTEES (ACADEMIC AFFAIRS AND STUDENT SERVICES, ADVANCEMENT, FINANCE AND INVESTMENT, BUILDINGS AND GROUNDS, ENROLLMENT MANAGEMENT, GOVERNANCE AND NOMINATING, AUDIT AND EVALUATION AND COMPENSATION OF THE PRESIDENT). THIS COMMITTEE MAY EXERCISE, WHEN THE FULL BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE POWERS VESTED IN THE BOARD OF TRUSTEES, EXCEPT: - THE POWER TO ELECT, APPOINT OR REMOVE TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES - THE POWER TO CHANGE MEMBERSHIP OF, OR TO FILL VACANCIES IN THE EXECUTIVE COMMITTEE - THE POWER TO APPOINT THE PRESIDENT OF THE UNIVERSITY - THE POWER TO MAKE, ALTER, RESTATE, AMEND OR REPEAL THE RESTATED ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION - THE POWER TO AUTHORIZE ANY SINGLE EXPENDITURE IN EXCESS OF $500,000 AND CUMULATIVE EXPENDITURES IN EXCESS OF $2,000,000 DURING ANY FISCAL YEAR - THE POWER TO ADOPT A PLAN OF MERGER OR CONSOLIDATION - THE RIGHT TO SELL, ENCUMBER, LEASE OR EXCHANGE OR MAKE OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OR TO EFFECT A VOLUNTARY DISPOSITION OF THE CORPORATION OR A REVOCATION THEREOF - ANY OTHER POWERS WHICH MAY BE EXPRESSLY OR SPECIFICALLY WITHHELD BY RESOLUTION OF THE BOARD OF TRUSTEES THE OFFICERS OF THE BOARD OF TRUSTEES ARE DEFINED AS THE CHAIR (THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE VICE CHAIRS (VICAR GENERAL OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT AND TWO LAY MEMBERS), THE SECRETARY/TREASURER (PRESIDENT OF THE UNIVERSITY) AND THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT FOR FINANCE OF THE UNIVERSITY). THE ONLY MEMBER OF THE EXECUTIVE COMMITTEE WHO IS NOT A MEMBER OF THE BOARD OF TRUSTEES IS THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT OF FINANCE FOR THE UNIVERSITY). FORM 990, PART VI, SECTION A, LINE 2 JOHN ANDERSON (BOARD MEMBER), MICHAEL BAUER (BOARD MEMBER), AND MARK KILMER (BOARD MEMBER), HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. BRIAN LEMEK AND ELIZABETH LEMEK HAVE A FAMILY RELATIONSHIP (HUSBAND AND WIFE). FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF IRS FORM 990 IS PROVIDED TO THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO THE JANUARY COMMITTEE MEETING. THE COMMITTEE REVIEWS THE 990 AND APPROVES THE RETURN SUBJECT TO ANY REQUESTED CHANGES. THE 990 IS THEN PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO THE APRIL BOARD OF TRUSTEES MEETING. THE BOARD REVIEWS AND APPROVES THE RETURN DURING THIS MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE. ALL MATERIAL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE. ALL MATERIAL PURCHASES THAT WOULD REQUIRE APPROVAL UNDER THE CONFLICT OF INTEREST QUESTIONNAIRE WOULD BE IDENTIFIED DURING THESE REVIEWS. ON AN ANNUAL BASIS THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE COMPARES THE RESPONSES IN THE CONFLICT OF INTEREST QUESTIONNAIRES TO THE UNIVERSITY'S ACCOUNTING RECORDS TO ENSURE THEY ARE COMPLETE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE CURRENTLY COMPRISED OF JOHN ANDERSON, COMMITTEE CHAIR, BISHOP MARTIN AMOS, CHAIR OF THE BOARD OF TRUSTEES, AND RITA BAWDEN, BOARD MEMBER. IN ADDITION TO RECOMMENDING THE SALARY AND BENEFIT PACKAGE FOR THE PRESIDENT, THIS COMMITTEE ALSO HANDLES THE ANNUAL EVALUATION OF THE PRESIDENT. EVERY FIVE YEARS THE COMMITTEE OBTAINS A STUDY FROM A CONSULTING FIRM SPECIALIZING IN HUMAN RESOURCE MATTERS TO COMPARE THE SALARY AND BENEFITS OF THE UNIVERSITY'S PRESIDENT TO INDUSTRY MEDIANS FOR INSTITUTIONS OF HIGHER EDUCATION SIMILAR IN SIZE AND SCOPE. THIS STUDY LOOKS AT NATIONAL TRENDS IN ADDITION TO COMPENSATION LEVELS IN THE MIDWEST REGION. IN THE YEARS BETWEEN THESE STUDIES, THE COMMITTEE ALSO OBTAINS INDUSTRY DATA FROM SOURCES SUCH AS THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). GENERALLY IN LATE JUNE TO EARLY JULY, THE COMMITTEE ASKS THE PRESIDENT TO COMPLETE A SELF-EVALUATION OF HIS OR HER PERFORMANCE FOR THE PAST YEAR. THIS SELF-EVALUATION IS REVIEWED AND A SUMMARY OF THE PRESIDENT'S PERFORMANCE AND FUTURE GOALS IS COMPLETED BY THE COMMITTEE. THE COMMITTEE MEETS WITH THE PRESIDENT PRIOR TO THE OCTOBER BOARD MEETING TO DISCUSS HIS OR HER PERFORMANCE. THE COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE PRESIDENT AND COMPARES IT TO THE INDUSTRY DATA NOTED ABOVE. THE COMMITTEE THEN DELIBERATES AND RECOMMENDS A SALARY AND BENEFIT PACKAGE THAT WILL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE DISCUSSION AND DECISION OF THE COMMITTEE IS DOCUMENTED IN THEIR MINUTES. THE SALARY AND BENEFIT PACKAGE IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL DURING THE OCTOBER BOARD MEETING. THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES IS DOCUMENTED IN THEIR MINUTES. THE FOLLOWING IS THE PROCESS FOR SETTING THE SALARY AND BENEFITS OF THE VICE PRESIDENTS AND KEY EMPLOYEES: THE COMPENSATION AND BENEFITS OF THE UNIVERSITY'S VICE PRESIDENTS AND KEY EMPLOYEES IS THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS THE PRESIDENT HAS EACH VICE PRESIDENT PREPARE A SELF EVALUATION. THE PRESIDENT REVIEWS THE SELF EVALUATION AND DOCUMENTS HIS OR HER EVALUATION OF THE VICE PRESIDENT'S PERFORMANCE. THE EVALUATION OF KEY EMPLOYEES IS THE RESPONSIBILITY OF THEIR DIRECT SUPERVISOR. THE PRESIDENT OBTAINS INDUSTRY DATA FROM CUPA-HR AND REVIEWS THE COMPENSATION AND BENEFIT LEVELS OF EACH VICE PRESIDENT AND KEY EMPLOYEE BEFORE SETTING THEIR SALARY AND BENEFITS. THE PRESIDENT THEN COMMUNICATES THIS INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART VII, SEC A: OFFICER COMPENSATION FOR SISTER JOAN LESCINSKI AS A MEMBER OF A RELIGIOUS ORDER, SISTER JOAN LESCINSKI'S COMPENSATION IS PAID TO HER ORDER. ST. AMBROSE UNIVERSITY PROVIDES A HOUSE, A CAR AND HEALTH INSURANCE BENEFITS TO SISTER JOAN LESCINSKI. UTILITIES, MAINTENANCE AND OTHER OPERATING COSTS OF THE HOUSE AND CAR ARE ALSO PAID FOR BY THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST RECEIVABLE 825. UNREALIZED GAIN(LOSS) ON INTEREST RATE SWAP -1,114,941. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES FOR ST. AMBROSE 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 INDEPENDENT AUDITOR EACH YEAR.