2014-11-10T16:04:10-06:00 2014-06-30 420714325 MCGLADREY LLP 221 3RD AVE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2013-07-01 420730347 DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER DESM 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 MARK J PEIFFER CFO 5152711585 2014-11-05 1 KAY HEGARTY P00091057 3192985310 2013 2015-11-30 17:44:51Z DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 3200 GRAND AVENUE DES MOINES IA 503124198 88111880 0 X WWW.DMU.EDU X 1898 IA TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 21 19 1260 816 1411 357 1221159 1774312 54203502 56054849 3088702 4425637 617766 679470 59131129 62934268 3355111 3402891 0 0 32706498 33636449 0 0 772439 18175337 19478240 54236946 56517580 4894183 6416688 173492654 183567349 51084821 45051189 122407833 138516160 X TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 0 0 36385592 3402891 52938770 THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,763 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/14. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING NINE GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITEED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING. 5170238 3661049 THE UNIVERSITY HOUSES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH QUALITY, COST EFFICIENT PATIENT CARE. THE MULTI-SPECIALITY FACULTY GROUP CONSISTING OF 30 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR MORE THAN 34,000 PATIENT VISITS ACROSS 5 SPECIALTIES. CLINIC STAFF AND PROVIDERS WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS SUCH AS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY'S CLINIC PROVIDES FREE OR DISCOUNTED HEALTH CARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY, AND ALSO SERVES MEDICARE AND MEDICAID PATIENTS TO BENEFIT THE COMMUNITY IT SERVES. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL SOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. 41555830 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2076 0 1 1260 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK KY MA MD MI NV NH NY OH OR SC X ELIZABETH A BROSNAHAN 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 ARTHUR E ANGOVE DO TRUSTEE 2.00 X 0 0 0 SUSAN L BECK DO TRUSTEE 2.00 X 0 0 0 GILBERT S BUCHOLZ DO TRUSTEE 2.00 X 0 0 0 ELLEN E CHAFFEE PHD TRUSTEE 2.00 X 0 0 0 ERIC T CROWELL TRUSTEE 2.00 X 0 0 0 BERNARD M FELDMAN DO TRUSTEE 2.00 X 0 0 0 CHARLES A FINCH DO TRUSTEE 2.00 X 0 0 0 RENEE HARDMAN TRUSTEE 2.00 X 0 0 0 BRIAN G HART TRUSTEE 2.00 X 0 0 0 W HAL HATCHETT DPM TRUSTEE 2.00 X 0 0 0 VICTORIA L HERRING JD TRUSTEE 2.00 X 0 0 0 MAX T MCKINNEY DO TRUSTEE 2.00 X 0 0 0 STEPHEN M MORAIN JD TRUSTEE 2.00 X 0 0 0 MARY A RADIA DO TRUSTEE 2.00 X 0 0 0 ROBERT P RITZ TRUSTEE 2.00 X 0 0 0 STANLEY E SKOPIT DO TRUSTEE 2.00 X 0 0 0 SAMUEL T WALLACE TRUSTEE 2.00 X 0 0 0 MICHAEL C WITTE DO TRUSTEE 2.00 X 0 0 0 PATRICIA YUNGCLAS TRUSTEE 2.00 X 0 0 0 LARRY J BAKER DO CHAIR 2.00 X X 0 0 0 C ARTHUR WITTMACK CHAIR-ELECT 2.00 X X 0 0 0 JAY CHRISTENSEN TREASURER 2.00 X X 600 0 0 BARRY BRAVER DO SECRETARY 2.00 X X 0 0 0 JAMES A GREKIN DO IMMEDIATE PAST-CHAIR 2.00 X X 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 40.00 X 474270 0 36810 KAREN MCLEAN PHD PROVOST 40.00 X 277690 0 39560 MARK J PEIFFER CFO 40.00 1.00 X 217142 0 23782 JODI CAHALAN PHD DEAN 40.00 X 205515 0 38660 DAVID PLUNDO DO ACTING DEAN 40.00 1.00 X 263023 0 25688 ROBERT YOHO DPM DEAN 40.00 X 231953 0 31863 GEORGE CLAVENNA DO FACULTY 40.00 X 332050 0 33163 ROBERTA A WATTLEWORTH DO FACULTY 40.00 X 251448 0 34070 GEORGE B KLOCK DO FACULTY 40.00 X 258469 0 30095 JOSE FIGUEROA CASANOVA DO FACULTY 40.00 X 237367 0 19810 KENDALL REED DO FACULTY 21.00 X 298985 0 22733 3048512 0 336234 64 0 1 0 MERCY MEDICAL CENTER 1111 6TH AVENUE DES MOINES IA 50314 EDUCATION 502650 SEI INVESTMENTS ONE FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 476234 ENCORE ONE LLC 1717 UNIVERSITY AVENUE WEST ST PAUL MN 55104 CLEANING SERVICE 405766 ARAMARK 825 SW IRVINEDALE DR ANKENY IA 50023 FOOD SERVICE 393464 IOWA PHYSICIANS CLINIC MEDICAL FOUNDATIO 8101 BIRCHWOOD CT STE N JOHNSTON IA 50131 BILLING SERVICES 336456 17 323730 382515 1068067 8760 1774312 TUITION & FEES 611710 52393800 52393800 PATIENT CARE 621110 3661049 3661049 56054849 2433564 1411 2432153 212088 66318 145770 145770 145770 26972317 79200 25039273 20171 1933044 59029 1992073 1992073 40580 323730 51850 -11270 -11270 CONFERENCE INCOME 900099 115316 115316 LEASED EMPLOYEES 541900 98412 98412 STUDENT IT EQUIPMENT 900099 74338 74338 256904 256904 544970 62934268 56599819 1411 4558726 90000 90000 3312891 3312891 1924884 779687 1145197 24864253 19973493 4437457 453303 1750601 1404265 307366 38970 3329760 2443009 850815 35936 1766951 1368387 367108 31456 121415 121415 79470 79470 40510 40510 543093 543093 1155974 426395 729522 57 520651 520651 1730306 1359924 341636 28746 2097854 588849 1509005 1970427 1629403 341024 467817 286718 122261 58838 169445 68768 47722 52955 1087249 825092 262157 2889603 1903636 985967 459002 79496 379506 AFFIL. CLINICAL PROGRAM 1929246 1929246 LIBRARY BOOKS & SUBSCRI 1271541 1271541 STUDENT EVENTS/ACTIVITI 502503 502503 EQUIPMENT/SOFTWARE(NON- 402138 372704 23449 5985 2039996 899313 1074490 66193 56517580 41555830 14189311 772439 1475 1475 9377667 8040695 493772 343905 482381 524801 5507684 5643511 1225968 1279391 78578709 38578198 39666431 40000511 85842181 94936278 26338221 27924957 4556874 4871825 173492654 183567349 4246809 4209566 5726363 5816934 7173930 2181372 29450000 28535000 738015 525819 3749704 3782498 51084821 45051189 X 108778769 123729836 5747605 6451983 7881459 8334341 122407833 138516160 173492654 183567349 X 6416688 10075842 -384203 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 63371 1 0 0 63371 0 PART II-B, LINE 1: CERTAIN MEMBERS OF THE BOARD OF TRUSTEES, UNIVERSITY PERSONNEL, STUDENTS AND FRIENDS OF THE UNIVERSITY ATTEND VARIOUS ACTIVITIES WITH LEGISLATORS THROUGHOUT THE YEAR INCLUDING BOTH LOCAL/STATE AND NATIONAL EVENTS. THE UNIVERSITY HAS UTILIZED LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT IN PROVIDING DIRECTION, MONITORING AND ANALYSIS OF BILLS BEING INTRODUCED AT THE STATE OF IOWA LEGISLATURE. SUCH COUNSEL HAS PROVIDED GUIDANCE ON THE STATUS OF APPROPRIATIONS FOR EXISTING STATE OF IOWA LEGISLATION WHICH PROVIDES FINANCIAL SUPPORT TO UNIVERSITY STUDENTS. IN ADDITION, COUNSEL HAS BEEN PROVIDED ON PROPOSED LEGISLATION WHICH WOULD EXPAND SUCH FINANCIAL SUPPORT FOR STUDENTS. LOBBYING EXPENSES ALSO INCLUDE $16,539 OF EXECUTIVE MANAGEMENT STAFF AND TRAVEL EXPENSES TO WASHINGTON D.C. TO DISCUSS UNIVERSITY FUNDING OPPORTUNITIES AND LOBBYING ACTIVITIES RELATING TO CERTAIN FEDERAL REGULATIONS IMPACTING THE UNIVERSITY AND OTHER EDUCATIONAL INSTITUTIONS. 0 1 X 67612036 865124 14399129 730912 4459329 543093 77142955 59933917 763676 12306956 600466 4274745 517302 67612036 63995901 1021308 699486 1078219 4292452 412107 59933917 51279039 1057014 17175936 1020001 4238320 257767 63995901 41826731 828875 12922964 681680 3395168 222683 51279039 0.81000 0.11000 0.08000 1 0 3430617 3430617 60154889 28940663 31214226 12653072 7821025 4832047 2340131 1816510 523621 40000511 200000 F SEI OFFSHORE OPPORTUNITY 6081335 F SEI STRUCTURED CREDIT 5962817 F SEI GLOBAL PRIVATE EQUITY 3221393 F SEI SPECIAL SITUATIONS 8868068 F SEI CORE PROPERTY 3591344 F 27924957 INTEREST RATE SWAP LIABILITY 3782498 3782498 X 69965156 10075842 11580 -32794 10054628 59910528 3023740 3023740 62934268 53856829 11580 125189 136769 53720060 2797520 2797520 56517580 PART IV, LINE 2B: FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $331,127. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $192,592. RENT DEPOSITS HELD IN CUSTODY TOTAL $2,100. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS, ESTABLISH RESEARCH FUNDS FOR FACULTY, AND SUPPORT PROGRAMS AND FACILITIES. 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 TAXABLE INCOME (UBIT) 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 UBIT. 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 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -32,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -66,318. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -51,850. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 3,148,929. EXPENSES ON SALE OF PROPERTY REPORTED AS EXPENSE ON AUDITED F/S -7,021. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 66,318. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 51,850. EXPENSES ON SALE OF PROPERTY REPORTED AS EXPENSE ON AUDITED F/S 7,021. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 3,148,929. LOSSES ON UNCOLLECTIBLE PLEDGES REPORTED AS EXPENSE ON AUDITED F/S -351,409. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY IS NOT REQUIRED TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DURING REGISTRATION BECAUSE PARAGRAPH 4.03-2(B) OF REV. PROC. 75-50 APPLIES. THE NONDISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED ADMISSIONS PUBLICATIONS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE RECEIVED INCLUDES AMOUNTS FROM THE US DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES. US DEPARTMENT OF EDUCATION PROGRAMS PROVIDING FUNDS INCLUDE THE FEDERAL DIRECT LOAN PROGRAM, THE FEDERAL PERKINS LOAN PROGRAM AND FEDERAL WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 14949403 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT AND FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 65116 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 8000 SOUTH ASIA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 3899 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FACULTY TRAVEL - GLOBAL HEALTH PROGRAM SERVICES 2573 0 0 0 0 0 0 15028991 0 15028991 1 0 0 1 1 0 SCHOL DINNER 279490 254230 25260 1472 32449 200 5896 SCHOL GOLF BFT 75425 66900 8525 3124 2781 695 1 9395 2600 6795 5233 364310 323730 40580 4596 35230 200 11824 51850 -11270 1 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 501(C)(3) 90000 GENERAL SUPPORT 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 353 3148929 FEDERAL WORK STUDY PROGRAM 68 163962 PART I, LINE 2: THE UNIVERSITY ATTEMPTS TO MAKE ADEQUATE FINANCIAL ASSISTANCE AVAILABLE TO STUDENTS WITHIN THE LIMITS OF EACH STUDENT BUDGET AND THE AVAILABILITY OF FUNDS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL PROMISE, LEADERSHIP POTENTIAL, FINANCIAL NEED AND/OR SPECIFIC GUIDELINES ESTABLISHED BY DONORS. FINANCIAL NEED IS DETERMINED ON THE BASIS OF INFORMATION PROVIDED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ADDITIONALLY, THE UNIVERSITY MAKES AVAILABLE FEDERAL WORK STUDY FUNDS TO STUDENTS IN WHICH ELIGIBLE AWARD AMOUNTS ARE ALSO BASED ON FINANCIAL NEED INFORMATION PROVIDED WITHIN THE FAFSA. WORK STUDY EXPENDED AND AVAILABLE FUNDS ARE TRACKED AND REVIEWED THROUGHOUT THE YEAR. THE UNIVERSITY ALSO ASSISTED BY PROVIDING FUNDS FOR GENERAL OPERATIONAL SUPPORT TO THE HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK, A CHARITABLE ORGANIZATION ESTABLISHED TO PROMOTE AND SUPPORT COLLABORATION OF MEMBER MEDICAL AND EDUCATION INSTITUTIONS IN EDUCATION AND TRAINING FOR MEDICAL STUDENTS,INTERNS AND RESIDENTS. X 0 1 X X X 0 0 0 0 0 0 0 0 0 ANGELA L WALKER FRANKLIN PHD PRESIDENT, CEO 467113 0 70 0 7087 0 17000 0 19810 0 511080 0 0 0 KAREN MCLEAN PHD PROVOST 276378 0 75 0 1237 0 17250 0 22310 0 317250 0 0 0 MARK J PEIFFER CFO 216892 0 250 0 0 0 17250 0 6532 0 240924 0 0 0 JODI CAHALAN PHD DEAN 205204 0 250 0 61 0 17250 0 21410 0 244175 0 0 0 DAVID PLUNDO DO ACTING DEAN 262823 0 200 0 0 0 17250 0 8438 0 288711 0 0 0 ROBERT YOHO DPM DEAN 230710 0 5 0 1238 0 17250 0 14613 0 263816 0 0 0 GEORGE CLAVENNA DO FACULTY 327034 0 250 0 4766 0 17250 0 15913 0 365213 0 0 0 ROBERTA A WATTLEWORTH DO FACULTY 250205 0 5 0 1238 0 17250 0 16820 0 285518 0 0 0 GEORGE B KLOCK DO FACULTY 258459 0 10 0 0 0 17250 0 12845 0 288564 0 0 0 JOSE FIGUEROA CASANOVA DO FACULTY 234922 0 2384 0 61 0 0 0 19810 0 257177 0 0 0 KENDALL REED DO FACULTY 290015 0 5 0 8965 0 15879 0 6854 0 321718 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. PART I, LINE 1B MONTHLY INVOICES ARE REVIEWED BY THE CFO FOR BUSINESS PURPOSES. ANY PERSONAL ITEM IS REQUIRED TO BE PAID TO THE CLUB ON THE DATE OF THE TRANSACTION. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460RF5 2003-06-25 22700000 CONSTRUCT AND FURNISH EDUCATION CENTER 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460SL1 2004-06-02 13785000 REFUNDED PRIOR ISSUE (05/10/95) 0 0 0 A 3005000 23083276 241704 83035 22058537 700000 2005 0 0 1 1 B 4945000 14132740 156560 24693 224550 13726938 2004 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 1 1 0 0 1 1 B 0 0 0 1 1 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2007 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2005 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C NOTE REGARDING THE REBATE COMPUTATIONS: SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. FORM 990, PART I, LINE 6:VOLUNTEERS VOLUNTEERS ARE MADE UP OF BOARD MEMBERS, GUEST CLASSROOM LECTURERS, PRECEPTORS FOR CLINICAL ROTATION AND STUDENT VOLUNTEERS FOR COMMUNITY SERVICE ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11 BEFORE FORM 990 IS FILED, AN ELECTRONIC COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS ON THE BOARD OF TRUSTEES' PORTAL. THE AUDIT AND COMPLIANCE COMMITTEE VOTES TO APPROVE FILING OF THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL PERSONS IN GOVERNANCE AND EXECUTIVE POSITIONS WITH THE UNIVERSITY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND DISCLOSE ANY NEW POTENTIAL CONFLICTS AS THEY DEVELOP. FOR MEMBERS OF THE BOARD, THE AUDIT AND COMPLIANCE COMMITTEE REVIEWS THE DISCLOSURE STATEMENTS AND IMPLEMENTS THE POLICY. FOR MANAGEMENT PERSONNEL, THE DISCLOSURE STATEMENTS ARE ANNUALLY REVIEWED BY THE PRESIDENT AND CHIEF COMPLIANCE OFFICER. IF THERE ARE ANY MATTERS OF CONCERN, THIS INFORMATION WILL BE COMMUNICATED TO THE AUDIT AND COMPLIANCE COMMITTEE. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. A CONFLICT OF INTEREST EXISTS (1) WHEN AN INDIVIDUAL OBTAINS OR APPEARS TO OBTAIN AN IMPROPER GAIN OR ADVANTAGE AS A RESULT OF HIS/HER ACTIVITIES ON BEHALF OF THE UNIVERSITY, (2) WHEN HIS/HER ACTIVITIES ADVANCE OR APPEAR TO ADVANCE HIS/HER OWN INTERESTS OR THOSE OF ANOTHER RATHER THAN THE INTERESTS OF THE UNIVERSITY, OR (3) WHEN HIS/HER ACTIONS ADVERSELY AFFECT OR APPEAR TO ADVERSELY AFFECT THE BEST INTERESTS OF THE UNIVERSITY. INDIVIDUALS SHALL NOT PARTICIPATE IN DISCUSSIONS, VOTES, OR OTHER REPRESENTATIONS ON PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A METHOD AND PROCESS WHICH INCLUDES GATHERING COMPARATIVE DATA FROM EXTERNAL SOURCES FOR RATING POSITIONS AND DETERMINING COMPENSATION. SALARY RANGES HAVE BEEN ESTABLISHED FOR ALL UNIVERSITY POSITIONS BASED ON MARKET VALUE. IN INSTANCES WHERE SUFFICIENT COMPARATIVE DATA IS NOT AVAILABLE, THE ORGANIZATION UTILIZES MEMBERSHIP IN AN EMPLOYER'S ASSOCIATION WHICH PROVIDES HUMAN RESOURCES SERVICES IN SEVERAL AREAS INCLUDING HR CONSULTING, COMPENSATION, AND COMPLIANCE. THE EXECUTIVE COMMITTEE REVIEWS SALARIES AND RANGES OF OFFICERS AND KEY EMPLOYEES IN MAY FOR SALARIES EFFECTIVE THE FOLLOWING JULY 1ST. FOR THE UNIVERSITY PRESIDENT/CEO, THE EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND EVALUATES THE PRESIDENT'S CONTRACT AND ASSOCIATED SALARY BASED UPON COMPARABLE DATA AND ESTABLISHED RANGES. THE PERFORMANCE EVALUATION IS AN IMPORTANT COMPONENT OF THE EVALUATION PROCESS. THE BOARD OF TRUSTEES APPROVES PRESIDENT'S CONTRACT AND SALARY BASED UPON COMPARABLE DATA AND PRESIDENT'S PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 AUDIT REPORT IS MADE AVAILABLE ONLINE THROUGH THE MUNICIPAL SECURITIES RULEMAKING BOARD WEBSITE FOR ELECTRONIC MUNICIPAL MARKET ACCESS. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON BOND INTEREST RATE SWAP -32,794. LOSSES ON UNCOLLECTIBLE PLEDGES -351,409. HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 EDUCATION AND TRAINING FOR MEDICAL STUDENTS, INTERNS AND RESIDENTS IA 501(C)(3) LINE 11A, I DES MOINES UNIVERSITY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK B 90000 GAAP HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK Q 99909 GAAP