2015-02-16T09:36:04-06:00 2014-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2013-07-01 420680404 BUENA VISTA UNIVERSITY BUEN 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 ELIZABETH MERTEN VICE PRESIDENT 7127492044 2015-02-13 1 KAY HEGARTY P00091057 3192985333 2013 2016-03-07 17:11:31Z ELIZABETH MERTEN 610 WEST 4TH STREET STORM LAKE IA 50588 199715404 0 X WWW.BVU.EDU X 1891 IA WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL AND CO-CURRICULAR PROGRAMS. 23 22 1663 250 297234 0 3514640 4403028 48879762 49577898 5098227 12666033 264527 297234 57757156 66944193 13114399 15040593 0 0 25078379 25064029 0 0 1207698 20956111 19855221 59148889 59959843 -1391733 6984350 196146818 207497147 38247174 36534703 157899644 170962444 WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL AND CO-CURRICULAR PROGRAMS. 0 0 38543132 15040593 42479192 INSTRUCTION OF APPROXIMATELY 2,190 STUDENTS, INCLUDING ACADEMIC SUPPORT, OPERATING LIBRARY AND TECHNOLOGY CENTER. 6868727 504129 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER PLANNING AND PLACEMENT, STUDENT HEALTH AND OTHER SERVICES FOR APPROXIMATELY 792 CAMPUS LIVING STUDENTS. 6740756 6594577 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 792 CAMPUS LIVING STUDENTS. 52152615 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 3982 0 1 1663 1 1 1 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUZETTE RADKE 7127492044 610 WEST 4TH STREET STORM LAKE IA 505881798 FREDERICK V MOORE PRESIDENT 40.00 0.00 X X 225804 0 47342 JOHN ASCHENBRENNER TRUSTEE 1.00 0.00 X 0 0 0 EDWARD BODAKEN TRUSTEE 1.00 0.00 X 0 0 0 MARC BRINKMEYER TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP BROWN TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY BROWN TRUSTEE 1.00 0.00 X 0 0 0 SCOTT BYERS TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS CLAUSEN TRUSTEE 1.00 0.00 X 0 0 0 KITTY CONOVER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT CRAMER TRUSTEE 1.00 0.00 X 0 0 0 GLENN DESTIGTER TRUSTEE 1.00 0.00 X 0 0 0 BECKI DRAHOTA TRUSTEE 1.00 0.00 X 0 0 0 DAVID DVERGSTEN TRUSTEE 1.00 0.00 X 0 0 0 JAMES HAAHR TRUSTEE 1.00 0.00 X 0 0 0 LAURA HORN TRUSTEE 0.00 0.00 X 0 0 0 MARK MCMANIGAL TRUSTEE 1.00 0.00 X 0 0 0 NORMAN NIELSEN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL PIERCE TRUSTEE 1.00 0.00 X 0 0 0 CORDELL PETERSON TRUSTEE 1.00 0.00 X 0 0 0 MARK PETERSON TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN RUSSELL TRUSTEE 1.00 0.00 X 0 0 0 BERNIE SAGGAU TRUSTEE 1.00 0.00 X 0 0 0 QUENTIN WITTROCK TRUSTEE 1.00 0.00 X 0 0 0 DAVID EVANS VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 151610 0 26187 MARGARET MCKEON VP FOR STUDENT AFFAIRS 40.00 0.00 X 191480 0 24730 MICHAEL FRANTZ VP FOR ENROLLMENT MANAGEMENT 40.00 0.00 X 176385 0 24138 ELIZABETH MERTEN VP FOR BUSINESS SERVICES 40.00 0.00 X 155770 0 25589 KENNETH CONVERSE VP FOR INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 172283 0 27522 SUSAN KALSOW ASSOCIATE VP OF ACADEMIC AFFAIRS 40.00 0.00 X 183203 0 23663 MICHAEL WHITLATCH DEAN, SCHOOL OF COMMUNICATION & ARTS 40.00 0.00 X 113023 0 12042 ASHOK SUBRAMANIAN DEAN, SCHOOL OF BUSINESS 40.00 0.00 X 149256 0 23612 PAUL THEOBALD DEAN, SCHOOL OF EDUCATION 40.00 0.00 X 121044 0 21605 ROBERT FERGUSON PROFESSOR OF PSYCHOLOGY 40.00 0.00 X 113869 0 16595 1753727 0 273025 13 0 1 0 SODEXO INC & AFFILIATES 610 WEST 4TH STREET STORM LAKE IA 50588 FOOD SERVICE 2475012 CAMBRIDGE & ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 570930 CAMPUSWORKS INC 305 1767 LAKEWOOD RANCH BLVD BRADENTON FL 34211 CONSULTING 552094 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 TECHNOLOGY 549426 RUFFALO CODY PO BOX 718 DES MOINES IA 50303 ENROLLMENT MANAGEMENT 430305 10 4403028 521056 4403028 TUITION AND FEES 611600 42479192 42479192 SALES AND SERVICE AUXILIARY 611710 6594577 6594577 SALES AND SERVICE EDUCATION 611710 450916 450916 PARKING, COLLECTION OF OLD ACCOUN 611710 53213 53213 49577898 1465725 1465725 143971519 132595247 175964 11376272 -175964 11200308 11200308 CONFERENCE CENTER 721000 284633 284633 FITNESS CENTER 713940 10742 10742 INCOME FROM PARTNERSHIP FLOW-THRO 900099 1599 1599 260 260 297234 66944193 49577898 297234 12666033 15040593 15040593 1291549 632742 455488 203319 18657748 14641683 3589781 426284 1161044 956569 159473 45002 2634087 2170191 361799 102097 1319601 1087202 181251 51148 127355 127355 68070 68070 609177 609177 1286249 691329 433234 161686 361772 45166 252664 63942 1379332 825858 479778 73696 137012 127042 9970 1775087 1403855 371232 1574597 1323069 225652 25876 131875 107380 24184 311 412500 412500 5735927 5436398 276607 22922 85344 76831 8513 FOOD SERVICE & ALLOWANC 2408750 2408750 MANDATORY TRANSFERS 1448093 1448093 ALLOWANCE FOR DOUBTFUL 396199 396199 EXPENSES IN PLANT 368551 368551 1549331 2552614 -1034698 31415 59959843 52152615 6599530 1207698 6032426 6410487 1816521 1666154 1416818 1972405 374869 293868 145175714 87838521 61377987 57337193 110689604 80735771 9973323 50588607 3434878 3426489 1030392 5066173 196146818 207497147 5427185 2768946 2693204 2694290 2540872 2615789 24429588 22923564 3156325 5532114 38247174 36534703 X 81316677 81852485 44307855 53889329 32275112 35220630 157899644 170962444 196146818 207497147 X 6984350 6063778 16271 -1599 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110275663 2711938 17569462 661419 4135890 609177 125150577 99484840 1833461 15073530 661305 -5071767 383096 110275663 106680828 1326897 -3008032 400191 4774612 340050 99484840 83614628 1917883 26576967 766331 4268217 394102 106680828 75196617 1951418 12219063 1081113 4036876 634481 83614628 0.30000 0.28000 0.42000 0 0 3174266 3174266 100212426 54691252 45521174 34497445 29975027 4522418 7291577 3172242 4119335 57337193 REAL ESTATE INVESTMENTS 524300 F CASH SURRENDER VALUE - LIFE INSURANCE 271024 F OTHER 273814 F COMMINGLED FUNDS, DIVERSIFIED GROWTH 11219908 F HEDGE FUNDS, DIVERSIFIED GROWTH 28867149 F PRIVATE EQUITY FUNDS, DIVERSIFIED GROWTH 9432412 F 50588607 SPLIT INTEREST AGREEMENTS 5532114 5532114 X 57372873 6063778 16271 6080049 51292824 609177 15042192 15651369 66944193 44310073 0 44310073 609177 15040593 15649770 59959843 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, 2014 AND 2013, 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, 2010 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP & FELLOWSHIP 15,040,593. TAX GAIN ON PARTNERSHIP INTEREST 1,599. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP AND FELLOWSHIP 15,040,593. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED RACIALLY NON DISCRIMINATORY POLICY THROUGH VARIOUS COMMUNICATIONS. ALL MATERIALS PUBLISHED THROUGH THE NEWSPAPER OR BROADCAST MEDIA FOR THE PURPOSE OF RECRUITING STUDENTS CONTAINS INFORMATION ON THE NON-DISCRIMINATORY POLICY. IN ADDITION, THIS MATERIAL IS INCLUDED IN ALL RECRUITMENT LITERATURE, INCLUDING THE CATALOG AND STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 BUENA VISTA UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM A GOVERNMENT AGENCY. BUENA VISTA UNIVERSITY RECEIVES FINACIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. 1 SEOG CONTRIBUTION 53 53151 TUITION REMISSION 9 88855 SITE GRANTS 58 41632 ENDOWED/RESTRICTED GIFTS 268 106543 FALL SCHOLARSHIPS 956 7606233 SPRING SCHOLARSHIPS 945 6685361 ACADEMIC ASSISTANTSHIPS 115 92759 WORKSTUDY 373 309501 ROTC 8 56558 PART I, QUESTION 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. PART III: WORKSTUDY AND SEOG CONTRIBUTION NUMBER OF RECIPIENTS IS BASED ON AN ESTIMATE SINCE BOTH FIGURES ARE CALCULATED ON THE INSTITUTIONAL SHARE BASED ON TOTAL AMOUNT OF FUNDS AWARDED. FOR EXAMPLE, THE AVERAGE AMOUNT OF SEOG GIVEN TO STUDENTS IS $1,000 PER YEAR AND THE TOTAL INSTITUTIONAL FUNDS GIVEN IS $53,151. DIVIDING $53,151 BY $1,000 YIELDS APPROXIMATELY 53 STUDENTS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FREDERICK V MOORE PRESIDENT 198480 0 0 0 27324 0 13522 0 33820 0 273146 0 0 0 DAVID EVANS VP FOR ACADEMIC AFFAIRS 150837 0 0 0 773 0 10483 0 15704 0 177797 0 0 0 MARGARET MCKEON VP FOR STUDENT AFFAIRS 190667 0 0 0 813 0 12649 0 12081 0 216210 0 0 0 MICHAEL FRANTZ VP FOR ENROLLMENT MANAGEMENT 175502 0 0 0 883 0 11791 0 12347 0 200523 0 0 0 ELIZABETH MERTEN VP FOR BUSINESS SERVICES 151503 0 0 0 4267 0 10483 0 15106 0 181359 0 0 0 KENNETH CONVERSE VP FOR INSTITUTIONAL ADVANCEMENT 170066 0 0 0 2217 0 11744 0 15778 0 199805 0 0 0 SUSAN KALSOW ASSOCIATE VP OF ACADEMIC AFFAIRS 182807 0 0 0 396 0 12196 0 11467 0 206866 0 0 0 ASHOK SUBRAMANIAN DEAN, SCHOOL OF BUSINESS 148511 0 0 0 745 0 10193 0 13419 0 172868 0 0 0 PART I, LINE IA: 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. 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 462460C46 2007-05-01 7870000 VARIOUS CAPITAL PROJECTS 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460Q74 2011-05-25 15777321 VARIOUS CAPITAL PROJECTS 0 0 0 A 600000 8128590 85903 8155 8034532 2008 0 0 1 1 B 2415000 15799215 155095 15268586 375534 2012 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 A 0 0 1 1 1 0 0 0 1 B 0 1 0 0 0 0 1 NATIXIS FUND CORP 1.400000000000 1 1 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2009 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C NOTE REGARDING THE REBATE COMPUTATION ON 5/1/2009: 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 CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. X 1 180000 SELLING PRICE X 229 COST X 616 COST X 11 292599 STOCK EXCHANGE X AIRPLANE USAG 1 29759 COST X CAR LEASE 2 15000 COST X GIFT CARDS/CE 6 2645 COST X FOOD 1 208 COST 10 0 1 0 PART I, COLUMN (B): BUENA VISTA UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR THE PROPERTY LISTED. FORM 990, PART VI, SECTION B, LINE 11 BUENA VISTA UNIVERSITY'S AUDIT COMMITTEE REVIEWS THE 990 BEFORE IT IS FILED. THE FINAL DRAFT IS GIVEN TO ALL OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BUENA VISTA UNIVERSITY 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 15 QUESTION 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. BUENA VISTA UNIVERSITY ALSO HIRES AN OUTSIDE CONSULTANT EVERY THREE YEARS TO REVIEW ALL SALARIES GIVEN BY THE UNIVERSITY. THIS WAS LAST DONE IN 2008. QUESTION 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 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 UNIVERSITY ALSO HIRES AN OUTSIDE CONSULTANT EVERY THREE TO FIVE YEARS TO REVIEW ALL SALARIES GIVEN BY THE UNIVERSITY. THIS WAS LAST DONE IN 2008. 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 XI, LINE 9: TAX GAIN ON PARTNERSHIP INTEREST -1,599. FORM 990, PART XII, 2C, AUDIT COMMITTEE RESPONSIBILITIES 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 INDEPENDENT AUDITOR EACH YEAR. FORM 990, PART XII, 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 MCGLADREY LLP FOR 6-30-2014. FORM 990, PART I, 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. BUENA VISTA UNIVERSITY FOUNDATION 610 EST 4TH STREET STORM LAKE IA 50588 421463509 SUPPORT IA 501(C)(3) LINE 11C, III-FI BUENA VISTA UNIVERSITY 1 BVU FUND LP C/O CAMBRIDGE ASSOCIATES LLC 125 HI BOSTON MA 02110 462921999 INVESTMENTS DE CAMBRIDGE ASSOCIATES LLC EXCLUDED 7645738 137987001 0 -7287 0 0.99990 CHARITABLE REMAINDER TRUSTS (11) CHARITABLE TRUSTS IA N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE R, PART II BUENA VISTA UNIVERSITY FOUNDATION WAS LIQUIDATED AND ALL ASSETS WERE DISTRIBUTED TO THE UNIVERSITY ON MAY 6, 2014. SCHEDULE R, PART III BUENA VISTA UNIVERSITY'S SHARE OF YEAR END ASSETS OF BVU FUND LP ARE ALL INCLUDED ON FORM 990, PART XI, LINE 11, INVESTMENTS - PUBLICLY TRADED SECURITIES AND LINE 12 - INVESTMENTS - OTHER SECURITIES.