2014-01-14T15:23:35-07:00 2013-05-31 990 2012-06-01 420707124 BRIAR CLIFF UNIVERSITY BRIA 7122795504 3303 Rebecca Street Sioux Ctiy IA 51104 Beth Grigsby 7122795504 2014-01-14 2012 2015-11-30 17:44:51Z Beverly Wharton 3303 Rebecca Street Sioux City IA 51104 34130201 0 X www.briarcliff.edu X 1930 IA Post-Secondary Education 24 23 712 50 0 0 3243343 3400692 24666965 25342380 361970 770795 157492 124749 28429770 29638616 9551769 9877445 0 0 10785887 11018803 0 0 800717 8359786 9002015 28697442 29898263 -267672 -259647 33542497 38007190 7939142 11672910 25603355 26334280 Briar Cliff University is a community committed to higher education within a liberal arts and Catholic perspective. In the Franciscan tradition of service, caring and openness to all, Briar Cliff emphasizes quality education for its students, combining a broad intellectual background with career development. The University challenges its members to grow in self-awareness and in their relationships to others and to God. 0 0 25259912 9877445 21474591 Higher Education: Four year liberal arts university providing over 30,000 credit hours of pos-secondary education to 1,388 students. Masters and baccalaureate programs are offered in 38 fields of study. 0 0 0 25259912 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1722 0 1 712 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Beth Grigsby 7122795504 3303 Rebecca Street Sioux City IA 51104 Eric Bertness 0.50 0 X 0 0 0 Sr Carol Besch 0.50 0 X 0 0 0 Tim Brown 0.50 0 X 0 0 0 Margaret Dolan 0.50 0 X 0 0 0 Debi Durham 0.50 0 X 0 0 0 Michael Ellwanger 0.50 0 X 0 0 0 Fr Michael Erpelding 0.50 0 X 0 0 0 Leonard Gill 0.50 0 X 0 0 0 Sister Jeanette Homan 0.50 0 X 0 0 0 James Jensen 0.50 0 X 0 0 0 Sister Cathy Katoski 0.50 0 X 0 0 0 Rosalynd Koob 0.50 0 X 0 0 0 Jameley Levich 0.50 0 X 0 0 0 Dr Joseph Liewer 0.50 0 X 0 0 0 Bishop R Walker Nickless 0.50 0 X 0 0 0 Beth Noel 0.50 0 X 0 0 0 Ginny Peterson 0.50 0 X 0 0 0 Jim Roth 0.50 0 X 0 0 0 Sr Nancy Schreck 1.00 0 X 0 0 0 David Simmons 0.50 0 X 0 0 0 Robert Spears 0.50 0 X 0 0 0 Chic Wolfe 0.50 0 X 0 0 0 Charese Yanney 0.50 0 X 0 0 0 Beverly Wharton 40.00 0 X X 189522 0 0 Beth Grigsby 40.00 0 X 103540 0 0 William Mangan 40.00 0 X 103829 0 0 Sharisue Wilcoxon 40.00 0 X 103357 0 0 Steven Janowiak 40.00 0 X 81966 0 0 Craig McGarry 40.00 0 X 0 0 0 582214 0 0 4 0 1 0 Aramark Services 3303 Rebecca Street Sioux City IA 51104 Food Service 1747870 Mercer HB Admin Iowa Fiduciary PO Box 533206 Charlotte NC 28290 Insurance 1111038 National Management Resources PO Box 1224 LaGrange GA 30241 Facilities Management 825695 Electric Innovations 1400 Jackson St Sioux City IA 51105 IT/Network Consulting 303145 Arthur J Gallagher Risk Mgmt Svc 39746 Treasury Center Chicago IL 60694 Insurance 199150 6 0 0 49520 0 1181954 2169218 115398 3400692 Student Tuition and Fees 611310 25342380 25342380 0 0 0 0 0 0 25342380 273512 273512 0 0 0 0 0 0 0 0 0 0 13385 0 63010 0 -49625 0 -49625 0 0 -49625 4161521 0 3664238 0 497283 0 497283 0 0 497283 0 49520 0 0 0 0 0 0 0 0 0 0 845800 764337 81463 0 0 81463 Other Income 611310 92911 0 0 92911 0 0 0 0 92911 29638616 25615892 0 622032 0 0 9877445 9877445 0 0 0 0 582214 289152 293062 0 0 0 0 0 7975728 7403841 340658 231229 296477 275219 12663 8595 1583849 1470282 67649 45918 580535 538909 24796 16830 2837063 1702238 1134825 0 25436 0 25436 0 39951 0 39951 0 0 0 0 0 0 0 57832 0 57832 0 0 0 0 0 302875 272587 30288 0 571568 358784 189671 23113 317029 285326 31703 0 0 0 0 0 789904 483903 306001 0 568775 483321 83016 2438 0 0 0 0 189983 142552 47431 0 128604 77162 51442 0 0 0 0 0 910164 546098 364066 0 238175 142905 95270 0 Membership and Dues 104312 33442 68775 2095 Equipment Rental and Maint. 164848 134270 21169 9409 Bad Debt Expense 357809 0 357809 0 Other Purchased Services 1122992 742476 194121 186395 274695 0 0 274695 29898263 25259912 3837634 800717 X 0 0 0 0 11700 11700 2341645 1743537 1475155 998843 1126028 1091755 0 0 0 0 2404639 2372776 187714 199588 117624 126994 42238010 21026776 17026835 21211234 8374237 9856952 308332 274744 0 0 0 0 168588 119067 33542497 38007190 2366648 1886833 0 0 49979 40741 0 0 0 0 0 0 3022231 7246754 0 0 2500284 2498582 7939142 11672910 X 17111735 17910808 1508389 1273122 6983231 7150350 25603355 26334280 33542497 38007190 -259647 990572 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 1 3201 1 0 0 0 3201 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 On a limited number of occasions, the president of the university may call legislators or their staff to discuss matters of interest to the university, or may visit them for a brief meeting as an incidental part of a business trip. Students are encouraged to write letters to legislators with concerns regarding financial aid and higher education. 8902569 221358 1685293 399692 0 57832 10351696 9790978 224163 -657753 397781 0 57038 8902569 8236710 244622 1747248 382034 0 55568 9790978 7465033 110600 1118136 371258 39997 45804 8236710 9464741 343686 -1930916 371026 0 41452 7465033 0.33 0.67 0 0 0 220000 119675 339675 0 32796449 13306550 19489899 0 0 0 0 0 7463007 6565338 897669 0 1638879 1154888 483991 21211234 0 Annuities Payable 32140 Government Loans Refundable 2466442 2498582 X 21444790 990572 0 0 750879 1741451 19703339 57832 9877445 9935277 29638616 20713865 0 0 0 750879 750879 19962986 57832 9877445 9935277 29898263 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Briar Cliff University uses its endowment funds to provide grants and scholarships, as well as funds for program related activities. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University files a Form 990 (Return of Organizations Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the tax-exempt status of each entity and various positions relative to potential sources of unrelated taxable income (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized on settlement with the applicable taxing authority. There were no uncertain tax benefits identified and recorded as a liability at May 31, 2013 or 2012. Forms 990 and 990-T filed by the University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Forms 990 filed by the University for fiscal years ended May 31, 2008 and prior are no longer subject to examination. The University has not to date been required to file Form 990-T. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Loan cancellations and administration (-76,468). Rental Expenses, netted against revenue on Form 990 not netted on financial statements (63,010). Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (764,337). SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Financial aid to students, netted against revenue on financial statements not netted on Form 990. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Loan cancellations and administration (-76,468). Rental expense, netted against revenue of Form 990 not netted on financial statements (63,010). Cost of goods sold, netted against revenue on Form 990 not netted on financial statements (764,337). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Financial aid to students, netted against revenue on financial statements not netted on Form 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Printed in all student handbooks, university catalogs, and on the university web site. Available to all university community members and prospective students. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Briar Cliff University received student financial aid from both federal and state governmental agencies. Briar Cliff University also received TRIO grant money from the federal government. Lunch with the Chargers 15980 10832 5148 0 0 0 1758 0 210 Lila Frommelt Golf Classic 32890 20240 12650 0 2562 3504 1700 0 0 0 48870 31072 17798 0 2562 3504 3458 0 210 9734 8064 1 Briar Cliff Scholarships 129 200485 Academic Excellence Scholarships 684 3978946 Continuing Education Scholarships 174 701020 Briar Cliff Departmental Scholarships 73 236200 Briar Cliff Grants 488 1394166 Leadership Awards 133 132000 Alumni Grants 41 39333 Athletic Scholarships 493 2964864 SEOG Awards 120 178755 Off Campus Employment 23 17176 Student Support Services Scholarships 13 35000 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The Vice President for Finance collects grant award letters and instructions from the granting agencies or the BCU grant managers. The Vice President for Finance keeps a fiscal file for each grant, including the award letters, instructions, annual accounting records, and financial reports submitted to the grantors. Either the Vice President for Finance or the grant manager submits reports to agencies, depending on the grant. The Vice President for Finance creates a budget for each grant in the grants fund, based on award letters and input from the BCU grant managers. If the grant allows, grant managers may request budget transfers within their grant, which the Vice President for Finance or the Assistant Vice President for Finance enter in Datatel. The grant manager signs off on expenditures for the grant. The Vice President for Finance reviews all grant expenditures monthly, with more in-depth review as needed for reporting to grantors. The Vice President for Finance reconciles grant expenditures annually, for both the BCU fiscal year and the grant fiscal year if different. Financial aid grants are approved and reported by the Financial Aid department. Checks for grant revenues are received in the Business Office; some agencies mail them to the grant managers, who then turn them into the Business Office for deposit. Some agencies pay BCU through direct deposit into BCU checking accounts. The Vice President for Finance draws down federal grant funds electronically through the online G5 system; drawdowns are usually done monthly. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Beverly Wharton 175004 0 0 0 7539 0 0 0 6979 0 189522 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Country Club dues. These are included on the President's W-2 as taxable income. X 3533 Thrift shop value X 5 15211 Trade value X 1 410 Donor cost X Building materials 2 89844 Fair Market Value X Athletic Equipment 1 6400 Fair Market Value 0 0 0 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The University uses a third party to process and sell any securities received as contributions. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Assistant Vice President for Finance prepares the Form 990. The Vice President for Finance and the President then review the 990. After the Vice President for Finance and President's review, the Form 990 is distributed to the Board of Trustees for their review, questions and comments. At the end of this process, the Form 990 is electronically submitted to the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Briar Cliff University has each member of the Board of Trustees complete and sign a conflict of interest statement on an annual basis. Additionally, Briar Cliff University personnel who contact vendors are made aware of board relationships and proceed accordingly. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Briar Cliff University has a compensation committee that reviews and discusses the salaries for the President and Vice Presidents. Comparisons are made to other Iowa Association of Independent Colleges and Universities institutions to see if BCU officers are compensated appropriately. Salary recommendations are also made based on these comparisons. The compensation committee met in 2012 to review and discuss the salaries for the President and Vice Presidents. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Briar Cliff University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Briar Cliff's 990 is also on the Guidestar web site.