2014-02-14T16:06:09-06:00 2013-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2012-07-01 420680404 BUENA VISTA UNIVERSITY BUEN 7127492044 610 WEST FOURTH STREET STORM LAKE IA 505881798 ELIZABETH MERTEN 7127492044 2014-02-12 1 KAY HEGARTY P00091057 3192985333 2012 2015-11-30 17:44:51Z ELIZABETH MERTEN 610 WEST 4TH STREET STORM LAKE IA 50588 92936281 0 X WWW.BVU.EDU X 1891 IA BUENA VISTA UNIVERSITY'S MISSION IS THAT WE DEVELOP STUDENTS FOR LIFE LONG SUCCESS THROUGH INNOVATIVE AND IMAGINATIVE ACADEMIC AND PROFESSIONAL PREPARATION. 18 17 1732 270 264527 0 3534007 3514640 49142990 48879762 2188976 5098227 248757 264527 55114730 57757156 12775685 13114399 0 0 26632797 25078379 0 0 1182996 19300743 20956111 58709225 59148889 -3594495 -1391733 188851609 196146818 40451697 38247174 148399912 157899644 WE DEVELOP STUDENTS FOR LIFE LONG SUCCESS THROUGH INNOVATIVE AND IMAGINATIVE ACADEMIC AND PROFESSIONAL PREPARATION. 0 0 36834831 13114399 40866411 INSTRUCTION OF APPROXIMATELY 2,211 STUDENTS, INCLUDING ACADEMIC SUPPORT, OPERATING LIBRARY AND TECHNOLOGY CENTER. 7866510 1410594 STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER PLANNING AND PLACEMENT, STUDENT HEALTH AND OTHER SERVICES FOR APPROXIMATELY 793 CAMPUS LIVING STUDENTS. 6456214 6602757 AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 793 CAMPUS LIVING STUDENTS. 51157555 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 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 1 135 0 1 1732 1 1 1 0 0 0 0 0 0 0 0 0 X 18 17 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 40.00 0.00 X X 220402 0 52651 JOHN ASCHENBRENNER 1.00 0.00 X 0 0 0 ED BODAKEN 1.00 0.00 X 0 0 0 MARC BRINKMEYER 1.00 0.00 X 0 0 0 TIM BROWN 1.00 0.00 X 0 0 0 DOUG CLAUSEN 1.00 0.00 X 0 0 0 KITTY CONOVER 1.00 0.00 X 0 0 0 ROBERT CRAMER 1.00 0.00 X 0 0 0 BECKI DRAHOTA 1.00 0.00 X 0 0 0 JAMES HAAHR 1.00 0.00 X 0 0 0 LAURA HORN 1.00 0.00 X 0 0 0 MARK MCMANIGAL 1.00 0.00 X 0 0 0 NORMAN NIELSEN 1.00 0.00 X 0 0 0 CORDELL PETERSON 1.00 0.00 X 0 0 0 MARK PETERSON 1.00 0.00 X 0 0 0 STEPHEN RUSSELL 1.00 0.00 X 0 0 0 BERNIE SAGGAU 1.00 0.00 X 0 0 0 QUENTIN WITTROCK 1.00 0.00 X 0 0 0 DAVID EVANS 40.00 0.00 X 150841 0 28030 MARGARET MCKEON 40.00 0.00 X 111317 0 21425 MICHAEL FRANTZ 40.00 0.00 X 157198 0 21820 ELIZABETH MERTEN 40.00 0.00 X 152744 0 28549 KENNETH CONVERSE 40.00 0.00 X 165778 0 32537 JAMES KENNEDY 40.00 0.00 X 140530 0 19041 SUSAN KALSOW 40.00 0.00 X 108423 0 23731 MICHAEL WHITLATCH 40.00 0.00 X 104070 0 13404 CHARLES HASKELL 40.00 0.00 X 103766 0 9654 SUE CULLERS 40.00 0.00 X 100611 0 8946 1515680 0 259788 11 0 1 0 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 TECHNOLOGY 430060 CAMPUSWORKS INC 305 1767 LAKEWOOD RANCH BLVD BRADENTON FL 34211 CONSULTING 408762 BWBR ARCHITECTS INC 380 ST PETER ST STE 600 ST PAUL MN 55102 ARCHITECT 284101 MACK HANSEN GADD ARMSTRONG & BROWN P PO BOX 278 STORM LAKE IA 50588 ATTORNEY 151552 FLYNN WRIGHT INC 1408 LOCUST ST DES MOINES IA 50309 MARKETING 146695 12 3514640 780317 3514640 TUITION AND FEES 611600 40866411 40866411 SALES AND SERVICE AUXILIARY 611710 6602757 6602757 SALES AND SERVICE EDUCATION 611710 1338942 1338942 PARKING, COLLECTION OF OLD ACCOUN 611710 71652 71652 48879762 4021126 4021126 36256226 35179125 1077101 1077101 1077101 CONFERENCE CENTER 721000 276575 276575 FITNESS CENTER 713940 5109 5109 TACK ADVERTISING 511120 201 201 -17358 -17358 264527 57757156 48879762 264527 5098227 13114399 13114399 1174968 519747 454981 200240 18818910 14896392 3403187 519331 1163484 921493 196923 45068 2598643 2080453 416979 101211 1322374 1047336 223815 51223 120440 120440 92700 92700 383096 383096 1779553 1360089 354145 65319 190390 17746 137112 35532 1601027 1067793 454036 79198 780913 775913 5000 1372836 1038273 334563 1059465 645715 387859 25891 1820 535 1285 375000 375000 5484231 5150339 315992 17900 83205 83205 FOOD SERVICE & ALLOWANC 2182699 2182699 ACADEMIC & INSTITUTIONA 1880471 1880471 MANDATORY TRANSFERS 1548893 1548893 2019372 2451064 -473775 42083 59148889 51157555 6808338 1182996 4958044 6032426 1544166 1816521 1097660 1416818 398791 374869 144089637 82711650 63868066 61377987 98585602 110689604 11421317 9973323 3376753 3434878 3601210 1030392 188851609 196146818 4284975 5427185 2675857 2693204 2353684 2540872 27198454 24429588 3938727 3156325 40451697 38247174 X 81452107 81316677 38073329 44307855 28874476 32275112 148399912 157899644 188851609 196146818 X -1391733 10853506 20601 17358 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 114729654 582554 -31951206 -1194310 -6625667 -344408 75196617 0.31000 0.69000 0 0 3152982 3152982 99565930 50749150 48816780 34148839 29110307 5038532 7221886 2852193 4369693 61377987 REAL ESTATE INVESTMENTS 9546445 F CASH SURRENDER VALUE - LIFE INSURANCE 255959 F OTHER 170919 F 9973323 SPLIT INTEREST AGREEMENTS 3156325 3156325 X 55151126 10853506 20601 10874107 44277019 383096 13097041 13480137 57757156 45651394 0 45651394 383096 13114399 13497495 59148889 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012, 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, 2008 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP & FELLOWSHIP 13,114,399. TAX LOSS ON PARTNERSHIP INTEREST -17,358. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY SCHOLARSHIP AND FELLOWSHIP 13,114,399. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 29 59167 TUITION REMISSION 8 79965 CENTER GRANTS 9 12503 ENDOWED/RESTRICTED GIFTS 317 222649 FALL SCHOLARSHIPS 953 6587660 SPRING SCHOLARSHIPS 863 5861331 ACADEMIC ASSISTANTSHIPS 127 98473 WORKSTUDY 395 140268 ROTC 14 47520 YELLOW RIBBON 4 4863 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 $2,000 PER YEAR AND THE TOTAL INSTITUTIONAL FUNDS GIVEN IS $59,167. DIVIDING $59,167 BY $2,000 YIELDS APPROXIMATELY 29 STUDENTS. PART I, Q2: 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. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FREDERICK V MOORE 195771 0 0 0 24631 0 17067 0 35584 0 273053 0 0 0 DAVID EVANS 150344 0 0 0 497 0 13052 0 14978 0 178871 0 0 0 MICHAEL FRANTZ 156690 0 0 0 508 0 12333 0 9487 0 179018 0 0 0 ELIZABETH MERTEN 148523 0 0 0 4221 0 13078 0 15471 0 181293 0 0 0 KENNETH CONVERSE 163126 0 0 0 2652 0 14508 0 18029 0 198315 0 0 0 JAMES KENNEDY 139055 0 0 0 1475 0 6624 0 12417 0 159571 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I 1A: 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 1635000 15798741 155095 15120635 523010 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 0 1 A 0 B 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C 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. 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 171750 SELLING PRICE X 601 COST X 1271 COST X 13 588090 STOCK EXCHANGE X CAR LEASE 2 15000 COST X GIFT CARDS/HOTEL 7 2827 COST X FOOD 1 778 COST 10 0 1 0 THIRD PARTY USE: PART I, LINE 32B: IN 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TAX LOSS ON PARTNERSHIP INTEREST 17,358. AUDIT COMMITTEE RESPONSIBILITIES FORM 990, PART XII, 2C 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. AUDIT REQUIREMENTS FORM 990, PART XII, 3B 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 6-30-2013. VOLUNTEERS FORM 990, PART I, 6 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 WEST 4TH STREET STORM LAKE IA 50588 421463509 SUPPORT IA 501(C)(3) LINE 11C, III-FI BUENA VISTA UNIVERSITY 1 CHARITABLE REMAINDER TRUSTS (13) CHARITABLE TRUSTS IA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0