2016-04-14T13:47:03-05:00 2015-05-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2014-06-01 350867977 BUTLER UNIVERSITY % BUTLER UNIV BUSINESS OFFICE BUTL 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BRUCE E ARICK VP - FINANCE AND ADM 3179409135 2016-04-15 true NICOLE B FISHBACK P01279475 3173834000 2014 2016-08-17 19:52:53Z JAMES M DANKO 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 303373129 false X WWW.BUTLER.EDU X 1850 IN TO PROVIDE THE HIGHEST QUALITY LIBERAL & PROFESSIONAL EDUCATION AND TO INTEGRATE LIBERAL ARTS WITH PROFESSIONAL EDUCATION BY CREATING A STIMULATING INTELLECTUAL COMMUNITY. 27 27 3492 2400 815837 560129 13260435 24827769 194809454 197981147 15723513 11124950 95869 94816 223889271 234028682 55878288 56040765 0 0 91035433 94150760 0 0 2503693 59801159 64043361 206714880 214234886 17174391 19793796 435565781 493000492 129904838 163624973 305660943 329375519 X TO PROVIDE THE HIGHEST QUALITY OF LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE LIBERAL ARTS WITH PROFESSIONAL EDUCATION, BY CREATING AND FOSTERING A STIMULATING INTELLECTUAL COMMUNITY BUILT UPON INTERACTIVE DIALOGUE AND INQUIRY AMONG STUDENTS, FACULTY, AND STAFF. false false 187196458 56040765 198001892 Education Butler University delivers an outstanding education that is steeped in the liberal arts and coupled with experiential learning opportunities that include internships, study abroad, service projects, and scholarly research. It's through this comprehensive approach that we prepare students to step directly into a career or graduate school with confidence. The University's most recent placement rate was 95 percent, including 25 percent that went on to attend graduate school or participate in a gap-year program. In the 2015 "Best Colleges" edition of U.S. News & World Report, Butler was listed among the top schools in the country for undergraduate offerings that lead to student success. U.S. News highlighted Butler as one of the nation's best in the first-year student experience, internships, study abroad, service learning, and undergraduate research. Butler was one of only three schools in the United States recognized in five or more categories, and was recognized in more categories than all other Indiana schools combined. Auxiliary Clowes Memorial Hall Butler University's 2,200-seat Clowes Memorial Hall opened to the public on Oct. 18, 1963. This professional performing arts facility is home to "Clowes Presents"-an annual series of music, theatre, and dance performances-and a K-12 education program. Clowes is also the home of resident companies such as the Jordan College of the Arts' Music at Butler and the Butler Ballet. Other great organizations such as Broadway in Indianapolis, Music For All (Bands of America), and Butler lecture series-the Celebration of Diversity Distinguished Lectures, J. James Woods Lectures in the Sciences and Mathematics, and Vivian S. Delbrook Visiting Writers-all use the facility. Health and Recreation Complex A health and recreation complex that is equipped with recreation courts, an indoor jogging track, an aquatics area, a weight and fitness space, and lounge opened in fall 2006. Students enrolled in at least 12 credit hours are automatic members. Membership is also available to University faculty, staff, alumni, and a limited number of community members. Athletics Butler offers 19 intercollegiate sports. All compete in the NCAA Division 1 BIG EAST Athletics Conference, except for football, which participates in the Pioneer Football League. In the past decade, Butler's men's and women's teams have captured 29 conference championships and have made appearances in NCAA national championship tournaments in eight sports. Currently, Butler has more than 350 student-athletes. Room and Board Butler students can choose from a number of housing options, including a residential apartment village for juniors and seniors, an apartment-style residence hall, one all-women residence hall, two coeducational residence halls with optional freshman living-learning centers, and 13 fraternities and sororities. A new 600-bed modern, suite-style housing facility-predominantly for sophomores-will open in fall 2016. All Butler undergraduates are required to live on campus through junior year. 187196458 true true false true false true true false true true true false true true false false true true true true false true false true false false false true true true true false false false false false false false true false true true false false false true true true false false true 6468 0 true 3492 true true true false false false false true true false false false false X 27 27 false false false false false false false true true false false false true true true true true true true false IN X BUTLER UNIV BUSINESS OFFICE 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 X KEITH BURKS CHAIRMAN 1.0 1.0 X X 0 0 0 JATINDER-BIR SANDHU VICE CHAIRMAN 1.0 1.0 X X 0 0 0 JAMES WHITE SECRETARY 1.0 1.0 X X 0 0 0 DENNIS BASSETT TREASURER 1.0 1.0 X X 0 0 0 GARY ALETTO TRUSTEE 1.0 0.0 X 0 0 0 KATHRYN BETLEY TRUSTEE 1.0 1.0 X 0 0 0 GARY BUTKUS TRUSTEE 1.0 1.0 X 0 0 0 JOHN COOKE TRUSTEE 1.0 1.0 X 0 0 0 RICHARD CUMMINGS TRUSTEE 1.0 1.0 X 0 0 0 KYLE DELANEY TRUSTEE 1.0 0.0 X 0 0 0 ROLLIN DICK TRUSTEE 1.0 1.0 X 0 0 0 JIM DICKSON TRUSTEE 1.0 0.0 X 0 0 0 KEITH FALLER TRUSTEE 1.0 0.0 X 0 0 0 THOMAS FISCHER TRUSTEE 1.0 1.0 X 0 0 0 RONALD LANGSTON TRUSTEE 1.0 0.0 X 0 0 0 JAMES LILL TRUSTEE 1.0 1.0 X 0 0 0 JANE MAGNUS-STINSON TRUSTEE 1.0 0.0 X 0 0 0 BRYAN MILLS TRUSTEE 1.0 1.0 X 0 0 0 KEVIN MORRIS TRUSTEE 1.0 0.0 X 0 0 0 JAMIE PHILLIPPE TRUSTEE 1.0 1.0 X 0 0 0 ROBERT POSTLETHWAIT TRUSTEE 1.0 1.0 X 0 0 0 HOWARD SCHROTT TRUSTEE 1.0 1.0 X 0 0 0 HOWARD SHEARON TRUSTEE 1.0 1.0 X 0 0 0 JOSHUA SMILEY TRUSTEE 1.0 0.0 X 0 0 0 TRACEY STEVENS TRUSTEE 1.0 0.0 X 0 0 0 STEVEN WALKER TRUSTEE 1.0 1.0 X 0 0 0 CRAIG FENNEMAN TRUSTEE 1.0 0.0 X 0 0 0 BENJAMIN HUNTER CHIEF OF STAFF/ASST SECRETARY 50.0 1.0 X 134667 0 13742 BRUCE ARICK VP OF FINANCE/ASST TREASURER 50.0 1.0 X 246083 0 37909 SUSAN WESTERMEYER CONTROLLER/ASST TREASURER 50.0 1.0 X 100308 0 20990 SHARI ALEXANDER RICHEY VP ADVANCEMENT/ASST SECRETARY 50.0 1.0 X 130000 0 22784 JAMES DANKO PRESIDENT 50.0 1.0 X 475869 0 54259 CHRIS HOLTMANN OCT-DEC INTERIM HC, MEN'S BASKETBALL 50.0 0.0 X 217746 0 34748 R BRANDON MILLER HEAD COACH, MEN'S BASKETBALL 50.0 0.0 X 765192 0 38756 BARRY COLLIER ATHLETIC DIRECTOR 50.0 0.0 X 275557 0 38625 MARY GRAHAM DEAN, PHARM & HEALTH SCI COLL 50.0 0.0 X 233488 0 30723 KATHRYN MORRIS PROVOST/VP ACADEMIC AFFAIRS 50.0 0.0 X 210842 0 31371 2789752 0 323907 111 false true false TURNER CONSTRUCTION 733 S WEST STREET 200 INDIANAPOLIS IN 46225 CONSTRUCTION 20237887 ARAMARK CATERING SERVICE 704 WEST HAMPTON DRIVE INDIANAPOLIS IN 46208 MEALS/CATERING 6122487 US BANK CORPORATE PAYMENT SYSTEM PO BOX 790428 ST LOUIS MO 63179 CARD SERVICER 5145105 KEYSTONE CONSTRUCTION CORPORATION 47 S PENNSYLVANIA STREET INDIANAPOLIS IN 46204 CONSTRUCTION 2011421 CITY OF INDIANAPOLIS 200 E WASHINGTON STREET INDIANAPOLIS IN 46204 STREETSCAPE 1219533 107 32100 1770400 23025269 1095357 24827769 STUDENT TUITION AND FEES 900099 155690707 155690707 RESIDENCE HALLS/ROOM & BOARD 611710 21248648 21248648 ATHLETIC REVENUE 611710 8884989 8884989 AUXILIARY REVENUE 900099 5536709 5536709 OTHER MISCELLANEOUS 611710 6620094 6620094 197981147 4994902 719222 4275680 0 0 124543 27928 0 96615 96615 96615 75430687 0 68738462 562177 6692225 -562177 6130048 6130048 14081 32100 15880 -1799 -1799 0 0 0 234028682 197981147 815837 10403929 0 55118623 55118623 922142 922142 0 1236611 0 993623 242988 0 69575280 59360987 8991640 1222653 5086744 4303319 704343 79082 13441344 9452233 3786318 202793 4810781 4045645 691445 73691 0 319669 7026 312643 195396 11632 183764 15000 15000 0 979880 979880 15576589 11437462 3961254 177873 1361860 833405 526400 2055 9146417 7887936 1078770 179711 504543 431360 70048 3135 0 8763933 7732046 1026533 5354 6631893 5824276 601113 206504 0 309659 255719 44000 9940 3582530 3262000 320530 0 15863000 14681000 1182000 1688147 1198948 456273 32926 ALLOCATION OF INDIRECT COSTS -5760317 -3878286 -1882028 -3 AUXILIARY 1994798 1811729 157913 25156 DUES, FEES, & SUBSCRIPTIONS 823872 616859 185428 21585 REPAIRS & MAINTENANCE 894471 842622 51849 1152021 1022775 110996 18250 214234886 187196458 24534735 2503693 0 0 4539736 10279398 16145606 26746205 2634025 2677884 0 0 0 0 14592050 17745614 274503 341936 2814638 1575522 389471441 236037485 128050237 153433956 162888112 177662174 75160811 64920864 0 0 0 0 28466063 37616939 435565781 493000492 18968325 19680949 0 0 8194930 7782937 87913284 126631973 0 0 0 0 0 0 0 0 14828299 9529114 129904838 163624973 X 99272272 120089473 64556029 62619898 141832642 146666148 305660943 329375519 435565781 493000492 X 19793796 -2931744 6852524 X false true X true true true X 12522918 12814380 28981691 13260435 24827769 92407193 0 0 12522918 12814380 28981691 13260435 24827769 92407193 20485439 71921754 3825079 2790529 3962020 3794268 4122087 18493983 75852 597941 673793 0 111574969 901934674 0.64460 0.00000 X SPECIAL RULE REPORTING The organization checked in Schedule A, Part I, that is organized as school, category 2, per its exemption letter. The organization has completed Schedule A, Part II to prove that it meets the definition of a publically supported organization under category 7 and can use a special reporting rule on Schedule B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 15000 15000 false LOBBYING EXPENSES SCEHDUELE C, PART II-B BUTLER UNIVERSITY PAID A CONSULTANT, SHORT STRATEGY GROUP INC., TO LOBBY ON THEIR BEHALF AGAINST LEGISLATION THAT IF PASSED WOULD GIVE HIGHER EDUCATION INSTITUTIONS IN INDIANA THE RESPONSIBILITY OF LICENSING TEACHERS. X 1 40.00 1 0 1 false 0.00 0 X X false 188874262 6636573 6341805 2717537 5103046 71998 193960059 171576339 1706038 23146857 2555000 4966578 33394 188874262 148077168 1950797 29152979 2482461 5097243 24901 171576339 162778763 2175363 -9511711 2405786 4959461 148077168 135891556 3272033 31515273 2515275 5384824 162778763 0.09820 0.90180 false true true 1475828 1475828 256521620 128189977 128331643 10980826 6650800 4330026 56735155 46843551 9891604 63758012 54353157 9404855 153433956 HEDGE FUND 18621669 F VENTURE CAPITAL - ALT INVEST 3035785 F REALTY - ALT INVEST 4770148 F PRIVATE EQUITY - ALT INVEST 10194127 F NATURAL RESOURCES - ALT INVEST 21574947 F LOANS/FIXED INC - ALT INVEST 6724188 F 64920864 BOND PROC & OTHER HELD IN ESCR 19473213 RENEWAL & REPLACE IN PROGRESS 14732923 BENEFICIAL INT PERPET TRUSTS 2497223 UNAMORTIZED BOND ISSUE COSTS 913580 37616939 0 ANNUITIES AND TRUST PAYABLE 1238195 ADV FROM GOV - STUDENT LOANS 7303604 FUNDS HELD FOR CAMPUS ORGS 898905 NOTES PAYABLE 88410 9529114 174873193 -2931744 300 786150 -2145294 177018487 969430 56040765 57010195 234028682 157580840 300 355849 356149 157224691 969430 56040765 57010195 214234886 EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 BUTLER UNIVERSITY MAINTAINS ART, MUSICAL INSTRUMENTS, AND A RARE BOOK COLLECTION FOR EDUCATION, SCHOLARLY RESEARCH, AND PRESERVATION FOR FUTURE GENERATIONS. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). THE ENDOWMENT IS AVAILABLE FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER INSTITUTIONAL SUPPORT. ASC 740 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE SCHEDULE D, PART XI LINE 2D: INCOME OF BUTLER FOUNDATION $770,270. FUNDRAISING EXPENSES $15,880. TOTAL $786,150. LINE 4B: SCHOLARSHIPS $56,040,765. RECONCILIATION OF EXPENSES SCHEDULE D, PART XII LINE 2D: EXPENSES OF BUTLER FOUNDATION $339,969. FUNDRAISING EXPENSES $15,880. TOTAL $355,849. LINE 4B: SCHOLARSHIPS $56,040,765. CONSERVATION EASEMENTS SCHEDULE D, PART II, LINE 9 THE UNIVERSITY'S CONVERSATION EASEMENT WAS GRANTED AS A CONDITION OF ELIGIBILITY FOR THE SAVE AMERICA'S TREASURES GRANT PROGRAM. THE UNIVERSITY RECORDED GRANT REVENUE AND USED IT TO SUPPORT THE RENOVATION OF THE EXTERIOR OF HINKLE FIELDHOUSE. true true true true true true true false false false false false false false false true false true PUBLICATION OF THE ORGANIZATION'S NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 PER THE STUDENT HANDBOOK, "BUTLER UNIVERSITY IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY. IT DOES NOT KNOWINGLY DISCRIMINATE AGAINST ANY APPLICANT, STUDENT OR EMPLOYEE ON THE BASIS OF SEX, SEXUAL ORIENTATION, RACE, COLOR, AGE, RELIGION OR NATIONAL, ETHNIC OR GEOGRAPHICAL ORIGIN. IT ATTEMPTS TO MAKE ITS PROGRAMS EQUALLY ACCESSIBLE TO ALL QUALIFIED APPLICANTS REGARDLESS OF PHYSICAL OR MENTAL DISABILITY. THIS SCHOOL IS AUTHORIZED UNDER FEDERAL LAW TO ENROLL NON-IMMIGRANT ALIEN STUDENTS." FINANCIAL AID RECEIVED FROM A GOVERNMENTAL AGENCY SCHEDULE E, PART I, LINE 6A BUTLER UNIVERSITY RECEIVES CERTAIN AMOUNTS FROM GOVERNMENTAL AGENCIES FOR SUPPORT OF ITS RESEARCH AND EDUCATIONAL PROGRAM. true Central America and the Caribbean 3 Program Services EDUCATION 104975 East Asia and the Pacific 1 Program Services EDUCATION 43889 Europe (Including Iceland and Greenland) 18 Program Services EDUCATION 457397 Russia and the Newly Independent States 1 Program Services EDUCATION 6799 South America 2 Program Services EDUCATION 65466 Central America and the Caribbean Investments N/A 19095411 25 25 19773937 19773937 FINANCIAL AID FOR STUDENTS Europe (Including Iceland and Greenland) 115 667176 SEE PART V FINANCIAL AID FOR STUDENTS Middle East and North Africa 2 8075 SEE PART V FINANCIAL AID FOR STUDENTS North America 1 4050 SEE PART V FINANCIAL AID FOR STUDENTS Russia and the Newly Independent States 1 6300 SEE PART V FINANCIAL AID FOR STUDENTS South America 8 58925 SEE PART V FINANCIAL AID FOR STUDENTS East Asia and the Pacific 25 177616 SEE PART V true false true true true false PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PART I, LINE 2 BUTLER UNIVERSITY HAS STUDENTS WHO STUDY ABROAD. THE FINANCIAL AID RECEIVED BY STUDENTS WHO STUDY ABROAD IS A REDUCTION OR WAIVER OF BUTLER UNIVERSITY TUITION WHILE THE STUDENT IS STUDYING ABROAD. BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. GOLFEST 46181 32100 14081 2230 10443 1503 1704 0 46181 32100 14081 2230 10443 1503 1704 15880 -1799 true SCHOLARSHIPS FOR STUDENTS 3831 55118623 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART I, LINE 2 BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. X X X X X true true X X X X false false false false false false false false false BRUCE ARICK VP OF FINANCE/ASST TREASURER 246083 0 0 0 0 0 24608 0 13301 0 283992 0 0 0 SHARI ALEXANDER RICHEY VP ADVANCEMENT/ASST SECRETARY 130000 0 0 0 0 0 13000 0 9784 0 152784 0 0 0 JAMES DANKO PRESIDENT 465093 0 0 0 10776 0 43921 0 10338 0 530128 0 0 0 CHRIS HOLTMANN OCT-DEC INTERIM HC, MEN'S BASKETBALL 214729 0 0 0 3017 0 21473 0 13275 0 252494 0 0 0 R BRANDON MILLER HEAD COACH, MEN'S BASKETBALL 753125 0 0 0 12067 0 25000 0 13756 0 803948 0 0 0 BARRY COLLIER ATHLETIC DIRECTOR 265232 0 0 0 10325 0 26000 0 12625 0 314182 0 0 0 MARY GRAHAM DEAN, PHARM & HEALTH SCI COLL 233488 0 0 0 0 0 23349 0 7374 0 264211 0 0 0 KATHRYN MORRIS PROVOST/VP ACADEMIC AFFAIRS 210842 0 0 0 0 0 21084 0 10287 0 242213 0 0 0 OTHER BENEFITS SCHEDULE J, PART I, LINE 1A CHARTER TRAVEL IS OCCASIONALLY USED FOR CERTAIN ATHLETIC TEAM TRAVEL WHEN IT CREATES AN OPPORTUNITY TO REDUCE MISSED CLASS TIME FOR STUDENT ATHLETES. CHARTER TRAVEL IS ALSO USED BY ATHLETIC DEPARTMENT PERSONNEL ON LIMITED BASIS FOR ATHLETIC RECRUITING PURPOSES WHEN COMMERCIAL TRAVEL IS NOT EFFICIENT. THE ORGANIZATION DID NOT HAVE ANY CHARTER TRAVEL IN THE CURRENT FISCAL YEAR. SPOUSAL TRAVEL IS PROVIDED TO THE ATHLETIC DIRECTOR, BARRY COLLIER, ON OCCASION. THE VALUE OF THIS SPOUSAL TRAVEL IS INCLUDED IN HIS TAXABLE INCOME. BUTLER UNIVERSITY PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR JAMES DANKO, THE UNIVERSITY'S PRESIDENT. THE RESIDENCE AND HOUSEHOLD SERVICES ARE NOT INCLUDED IN MR. DANKO'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF BUTLER UNIVERSITY, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. JAMES DANKO WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO BUTLER'S CAMPUS. BUTLER UNIVERSITY PROVIDED A FIXED PAYMENT TO JAMES DANKO FOR TRANSITION TO HIS ROLE AS PRESIDENT OF THE UNIVERSITY AS OUTLINED IN HIS WRITTEN EMPLOYMENT CONTRACT. BUTLER UNIVERSITY PAYS SOCIAL CLUB DUES FOR JAMES DANKO, BARRY COLLIER, AND R. BRANDON MILLER. THE PERSONAL USE OF THESE DUES IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME. A INDIANA FINANCE AUTHORITY 521698917 2011-09-21 17275000 REFUND PTN SERIES 2001 BONDS false false false B INDIANA FINANCE AUTHORITY 521698917 2011-09-21 13360000 REFUND PTN SERIES 2004 BONDS false false false C INDIANA FINANCE AUTHORITY 521698917 2011-09-21 10110000 CONSTRUCTION, HVAC, AND ENERGY MGM false false false D INDIANA FINANCE AUTHORITY 521698917 4550573HO 2012-04-25 15305000 REFUND PTN SERIES 2001 BONDS false false false A 0 0 17275000 0 0 17147044 127956 0 0 0 0 0 1991 true false true true B 0 0 13360000 0 0 13243811 116189 0 0 0 0 0 2006 true false true true C 0 0 10110000 0 0 0 110000 0 0 10000000 0 0 2013 true false true true D 0 0 16656524 1665652 0 14845327 145545 0 0 0 0 0 1991 true false true true A false false true true false 0.00000 0.00000 0.00000 true false false true B false false true true false 0.00810 0.03100 0.03910 true false false true C false false true true false 0.00000 0.01900 0.01900 true false false true D false false true true false 0 true false false true A true false false 0 false 0 true false B true false false 0 false 0 true false C true false false 0 false 0 true false D true false false 0 false 0 true false A true B true C true D true A INDIANA FINANCE AUTHORITY 521698917 4550573HO 2012-04-25 35395000 REFUND PTN SERIES 2004 BONDS false false false B INDIANA FINANCE AUTHORITY 521698917 45506DNQ4 2014-10-15 24330000 SUNSET AVE PARKING GARAGE false false false A 0 0 37233309 3599750 0 33305153 328385 0 0 0 0 0 2006 true false true true B 0 0 26310744 0 0 0 296545 0 0 12929807 0 13084392 2015 false false true true A false false true true false 0.00810 0.03100 0.03910 true false false true B false false true true false 0.00000 0.00000 0.00000 true false false true A true false false 0 false 0 true false B false true false false 0 false 0 true false A true B true BETHANIE DANKO FAMILY MEMBER OF PRES. 42630 EMPLOYMENT false X 2 7200 FMV X 51 943051 STOCK QUOTE X ATHLETIC EQUIPMENT 14 14812 COST X BANNERS/SIGNS/PICTURES 18 76124 COST X CAR WASH MEMBERSHIP 1 744 FMV X CDS/MUSIC 1 641 FMV X DECORATIONS 2 250 COST X ELECTRONICS/EQUIPMENT 2 30608 FMV X FOOD/BEVERAGE/MEALS 6 731 COST X HALL OF FAME PINS 2 3146 COST X INVITATIONS 1 785 FMV X PIANO 2 11675 FMV X PRIZES 2 5590 COST 1 false true true USE OF THIRD PARTIES TO SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B BUTLER UNIVERSITY USES WELLS FARGO TO SELL DONATIONS OF STOCK. PROCESS TO REVIEW FORM 990 FORM 990, PART VI, SECTION B, LINE 11B BUTLER UNIVERSITY'S BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE BUTLER UNIVERSITY AUDIT COMMITTEE. IN ADDITION, BUTLER'S OUTSIDE ACCOUNTING FIRM REVIEWED THE FORM 990 PRIOR TO FILING. BUTLER UTILIZED THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVED SUBSTANTIVE REVIEW BY DIRECTORS AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF BUTLER'S ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING AND TAX EXPERTISE. MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C BUTLER UNIVERSITY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH BUTLER UNIVERSITY. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION MAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF BUTLER UNIVERSITY, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, THE AUDIT COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. IN ADDITION, THE EXECUTIVE STAFF IS RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF BUTLER UNIVERSITY. PROCESS TO DETERMINE PRESIDENT & OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINES 15A & 15B BUTLER UNIVERSITY HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY THAT ENSURES THAT ALL COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. BUTLER UNIVERSITY HAS DELEGATED AUTHORITY REGARDING EXECUTIVE COMPENSATION MATTERS TO THE EXECUTIVE COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. THE COMMITTEE IS RESPONSIBLE FOR APPLYING THE TERMS AND PROCESS OF THE EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY AS OUTLINED ABOVE. THE EXECUTIVE COMPENSATION COMMITEE OF THE BOARD OF TRUSTEES REVIEWED THE COMPENSATION IN 2015. AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE UNIVERSITY'S BUSINESS OFFICE. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. 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