WILLIAM PENN UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM PENN UNIVERSITY (EIN 42-0707120)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-13
- IRS object ID
- 201331339349301988
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-13T09:04:31-07:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TD&T FINANCIAL GROUP PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 HIGH AVE E | AddressLine1 |
| City | OSKALOOSA | City |
| State | IA | State |
| ZIP Code | 525772823 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420707120 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM PENN UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WILL | NameControl |
| Phone | 6416731001 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTH MARKET AND TRUEBLOOD AVENUE | AddressLine1 |
| City | OSKALOOSA | City |
| State | IA | State |
| ZIP Code | 52577 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BONNIE JOHNSON | Name |
| Title | CFO | Title |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joseph B Ryan CPA | Name |
| Phone | 6416722523 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 36849738 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.wmpenn.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1873 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 917 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | -95288 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -85877 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9289869 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6062922 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 26805106 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 30652924 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 181525 | InvestmentIncomePriorYear |
| Investment Income Current Year | 83851 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4927 | OtherRevenuePriorYear |
| Other Revenue Current Year | -92258 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 36281427 | TotalRevenuePriorYear |
| Total Revenue Current Year | 36707439 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 11038629 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12540267 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11906447 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12026884 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 44187 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 694946 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10742729 | OtherExpensePriorYear |
| Other Expenses Current Year | 12772867 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33687805 | TotalExpensesPriorYear |
| Total Expenses Current Year | 37384205 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2593622 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -676766 | RevenuesLessExpensesCY |
| Total Assets BOY | 63774866 | TotalAssetsBOY |
| Total Assets EOY | 65667736 | TotalAssetsEOY |
| Total Liabilities BOY | 47690335 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 46728792 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 16084531 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 18938944 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 12540267 | Expense |
| Grants | 12540267 | Grants |
| Description | SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,781 STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10135090 | Expense |
| Revenue | 27221771 | Revenue |
| Description | INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,781 FULL AND PART-TIME STUDENTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5904330 | Expense |
| Revenue | 309708 | Revenue |
| Description | STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,781 FULL AND PART TIME STUDENTS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2937471 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 3163457 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 31517158 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 77 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 917 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BONNIE JOHNSON | NamePerson |
| Telephone Number | 6416731001 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTH MARKET AND TRUEBLOOD AVENUE | AddressLine1 |
| City | OSKALOOSA | City |
| State | IA | State |
| ZIP Code | 52577 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JERRY N ELLIS | |||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 | |
| WILLIAM PATTEN | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| RUTH NEUBERT | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| BERRY JOHNSON | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| RONALD K BRYAN | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| SAMUEL H RITCHIE | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| NEDRA JANE SMITH | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| JOE P CROOKHAM | |||||||
| VICE CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | |
| YOGESH SHAH | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| CHRIS HYLAND | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| DAVID RIDGLY | |||||||
| ALUMNI REP | 2.00 | X | 0 | 0 | 0 | ||
| DANA OSWALD | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| MARGARET STOLZFUS | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| ERIC JON NICHOLS | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| GREG HARRIS | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| REGINALD MARTIN | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| ROGER LEBEL | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| TOM FRANKS | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| ANN FIELDS | |||||||
| PRESIDENT | 40.00 | X | X | 167136 | 0 | 45383 | |
| KAYE DELANGE | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| DAVID AHMAD | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| SHELBY CHISHOLM | |||||||
| SGA REPRESENTAT | 2.00 | X | 0 | 0 | 0 | ||
| JUDY WILLIAMS | |||||||
| FACULTY REP | 40.00 | X | 51108 | 0 | 17413 | ||
| MARGE WELCH | |||||||
| DEAN OF COLLEGE | 40.00 | X | 35818 | 0 | 10103 | ||
| SHERRI TAYLOR | |||||||
| VP ADVANCEMENT | 40.00 | X | 38848 | 0 | 8317 | ||
| DIANNE K BURNS | |||||||
| Secretary | 40.00 | X | 38024 | 0 | 11353 | ||
| NOEL STAHLE | |||||||
| VP OF ACADEMICS | 40.00 | X | 112620 | 0 | 22688 | ||
| BONNIE L JOHNSON | |||||||
| VP OF FINANCE | 40.00 | X | 106869 | 0 | 24976 | ||
| GREG HAFNER | |||||||
| VP OF ATHLETICS | 40.00 | X | 66105 | 0 | 15005 | ||
| JOHN OTTOSSON | |||||||
| Vice President | 40.00 | X | 143991 | 0 | 27477 | ||
| STEVEN C NOAH | |||||||
| VP GOVT RELATIO | 40.00 | X | 131878 | 0 | 26753 | ||
| JOBI LAWRENCE | |||||||
| FACULTY MEMBER | 40.00 | 117302 | 0 | 20969 | X | ||
| RANDAL MARK WRIGHT | |||||||
| INSTRUCTOR | 40.00 | 79320 | 0 | 25672 | X | ||
| AVON MICHAEL LAIRD | |||||||
| BASEBALL COACH | 40.00 | 85510 | 0 | 35496 | X | ||
| DOUGLAS ZEHR | |||||||
| PROFESSOR | 40.00 | 84755 | 0 | 16582 | X | ||
| MICHAEL COLLINS | |||||||
| PROFESSOR | 40.00 | 75520 | 0 | 22948 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1334804 | TotalReportableCompFromOrg |
| Total Other Compensation | 331135 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DELONG CONSTRUCTION | |||||
| 1320 N 8TH AVE | WASHINGTON | IA | 52353 | CONSTRUCTION | 180082 |
| SODEXO SERVICES | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | FOOD SERVICE | 1387843 |
| POINT BUILDERS | |||||
| 270 50TH AVE SW | CEDAR RAPIDS | IA | 52404 | CONSTRUCTION | 2051226 |
| MAHASKA COMMUNICATIONS GROUP | |||||
| PO BOX 1038 | OSKALOOSA | IA | 52577 | MEDIA SERVICES | 190929 |
| JENZABAR | |||||
| PO BOX 845939 | BOSTON | MA | 022845939 | SOFTWARE MAINTENANCE | 290961 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Fundraising Events | 10576 | FundraisingEvents |
| Government Grants | 580192 | GovernmentGrants |
| All Other Contributions | 5472154 | AllOtherContributions |
| Noncash Contributions | 675213 | NoncashContributions |
| Total Contributions | 6062922 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| STUDENT TUITION AND FEES | 611310 | 27221771 | 27221771 | |
| ROOM | 721310 | 932721 | $932,721 | |
| OTHER PROGRAM INCOME | 611710 | 267696 | $267,696 | |
| BOOKS, COMPUTERS & OTHER | 451211 | 779224 | $779,224 | |
| BOARD | 722210 | 1451512 | $1,451,512 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 30652924 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83851 | TotalRevenueColumn |
| Exclusion | $83,851 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 44562 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 137479 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -92917 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -92917 | TotalRevenueColumn |
| Unrelated Business Revenue | -95288 | UnrelatedBusinessRevenue |
| Exclusion | $2,371 | ExclusionAmount |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 5479 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 10576 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 4820 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 659 | TotalRevenueColumn |
| Exclusion | $659 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36707439 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27221771 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -95288 | UnrelatedBusinessRevenue |
| Exclusion | $3,518,034 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12540267 | Total |
| Program Services | 12540267 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1232797 | Total |
| Program Services | 407370 | ProgramServices |
| Management And General | 561850 | ManagementAndGeneral |
| Fundraising | 263577 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8605762 | Total |
| Program Services | 7858282 | ProgramServices |
| Management And General | 558746 | ManagementAndGeneral |
| Fundraising | 188734 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280391 | Total |
| Program Services | 263577 | ProgramServices |
| Management And General | 14011 | ManagementAndGeneral |
| Fundraising | 2803 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1221251 | Total |
| Program Services | 1105328 | ProgramServices |
| Management And General | 91464 | ManagementAndGeneral |
| Fundraising | 24459 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 686683 | Total |
| Program Services | 580131 | ProgramServices |
| Management And General | 77996 | ManagementAndGeneral |
| Fundraising | 28556 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8826 | Total |
| Management And General | 8826 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86100 | Total |
| Management And General | 86100 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44187 | Total |
| Fundraising | 44187 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2317534 | Total |
| Program Services | 291600 | ProgramServices |
| Management And General | 2025756 | ManagementAndGeneral |
| Fundraising | 178 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86757 | Total |
| Program Services | 9831 | ProgramServices |
| Management And General | 76021 | ManagementAndGeneral |
| Fundraising | 905 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 664864 | Total |
| Program Services | 607961 | ProgramServices |
| Management And General | 46584 | ManagementAndGeneral |
| Fundraising | 10319 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 483537 | Total |
| Program Services | 380949 | ProgramServices |
| Management And General | 65739 | ManagementAndGeneral |
| Fundraising | 36849 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4251 | Total |
| Program Services | 4251 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2030986 | Total |
| Program Services | 1937710 | ProgramServices |
| Management And General | 72275 | ManagementAndGeneral |
| Fundraising | 21001 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1200240 | Total |
| Program Services | 1150507 | ProgramServices |
| Management And General | 37300 | ManagementAndGeneral |
| Fundraising | 12433 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 331292 | Total |
| Program Services | 331441 | ProgramServices |
| Management And General | -149 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| COST OF TEXTBOOKS SOLD | 619765 | 619765 | ||
| CONTRACT SERVICES | 971158 | 112358 | 842935 | 15865 |
| SUPPLIES | 1028919 | 793033 | 213403 | 22483 |
| FOOD SERVICE CONTRACT | 1261671 | 1261671 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1676967 | Total |
| Program Services | 1261126 | ProgramServices |
| Management And General | 393244 | ManagementAndGeneral |
| Fundraising | 22597 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37384205 | Total |
| Program Services | 31517158 | ProgramServices |
| Management And General | 5172101 | ManagementAndGeneral |
| Fundraising | 694946 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 244538 | BOY |
| EOY | 318104 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5018431 | BOY |
| EOY | 2136604 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 535362 | BOY |
| EOY | 614681 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2286608 | BOY |
| EOY | 2339036 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6868 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1406254 | BOY |
| EOY | 1522707 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 60151553 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20661946 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35791289 | BOY |
| EOY | 39489607 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3445138 | BOY |
| EOY | 1495565 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15040378 | BOY |
| EOY | 17751432 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63774866 | BOY |
| EOY | 65667736 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4425476 | BOY |
| EOY | 4306540 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611982 | BOY |
| EOY | 556182 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33484279 | BOY |
| EOY | 33226373 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1281981 | BOY |
| EOY | 1133679 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6424200 | BOY |
| EOY | 6024200 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1462417 | BOY |
| EOY | 1481818 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47690335 | BOY |
| EOY | 46728792 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2445581 | BOY |
| EOY | 2040349 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6585127 | BOY |
| EOY | 9891237 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7053823 | BOY |
| EOY | 7007358 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16084531 | BOY |
| EOY | 18938944 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63774866 | BOY |
| EOY | 65667736 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -676766 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 3531179 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed4955 Tax | false | Form4720Filed4955Tax |
| Correction Made | false | CorrectionMade |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | true | GrantsOtherOrganizations |
| Grants Other Organizations | $3,661 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 3661 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i | Identifier |
| Return Reference | Part II-B, Line 1i - Other Activities Description | ReturnReference |
| Explanation | AS PART OF THE ORGANIZATIONS DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES (IAICU), A PORTION IS RESERVED FOR LOBBYING EXPENSES. THE (IAICU) WORKS ON BEHALF OF ITS MEMBERS TO INFORM POLICY MAKERS AT THE STATE AND FEDERAL LEVEL ABOUT THE CRITICAL ROLE OF ITS MEMBER INSTITUTIONS AS PART OF THE ENTIRE POST-SECONDARY EDUCATIONAL SECTOR. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 3043375 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7059435 | BeginningOfYearBalance |
| Contributions | 101866 | Contributions |
| Investment Earnings Or Losses | -961415 | InvestmentEarningsOrLosses |
| Other Expenditures | 312768 | OtherExpenditures |
| End Of Year Balance | 5887118 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6679855 | BeginningOfYearBalance |
| Contributions | 47159 | Contributions |
| Investment Earnings Or Losses | 715318 | InvestmentEarningsOrLosses |
| Other Expenditures | 382897 | OtherExpenditures |
| End Of Year Balance | 7059435 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5955823 | BeginningOfYearBalance |
| Contributions | 618116 | Contributions |
| Investment Earnings Or Losses | 341939 | InvestmentEarningsOrLosses |
| Other Expenditures | 236023 | OtherExpenditures |
| End Of Year Balance | 6679855 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2538101 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1242751 | OtherCostOrOtherBasis |
| Book Value | 3780852 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 42933004 | OtherCostOrOtherBasis |
| Depreciation | 9506900 | Depreciation |
| Book Value | 33426104 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13437697 | OtherCostOrOtherBasis |
| Depreciation | 11155046 | Depreciation |
| Book Value | 2282651 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39489607 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| REMAINDER INTEREST TRUSTS | 1378261 |
| LIBRARY BOOKS | 642303 |
| CONSTRUCTION IN PROCESS | 3778125 |
| COLLECTIBLES | 3043375 |
| BENEFICIAL INTEREST IN PERPETUAL TR | 6304572 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 17751432 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | US GOVERNMENT GRANTS REFUNDABLE | Description |
| Amount | $1,481,818 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1481818 | TotalOfAmounts |
| Total Revenue | 36707439 | TotalRevenue |
| Total Expenses | 37384205 | TotalExpenses |
| Excess Or Deficit For Year | -676766 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2977219 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 2977219 | TotalAdjustments |
| Excess Or Deficit Per FS | 2300453 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 28132770 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2987138 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 591546 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -12153353 | OtherRevenues |
| Revenue Not Rptd F990 | -8574669 | RevenueNotRptdF990 |
| Revenue Subtotal | 36707439 | RevenueSubtotal |
| Total Revenue Per Form990 | 36707439 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25822398 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 591546 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 142120 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 733666 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25088732 | ExpensesSubtotal |
| Other Expenses Not Included | 12295473 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 12295473 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 37384205 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X | Part X : FIN48 Footnote | The University has a tax determination letter from the Internal Revenue Service stating it qualifies under the provision of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. As such, the University is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2012 and 2011. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University believes it is no longer subject to income tax examinations for years prior to 2008. |
| Part XIII, Line 4b | Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S | SCHOLARSHIPS AND GRANTS $12540267 GROUPING DIFFERENCES $-244794 |
| Part XIII, Line 2d | Part XIII, Line 2d: Other expenses and losses per audited F/S | SPECIAL EVENT EXPENSES $4820 RENTAL EXPENSES $137300 |
| Part V, Line 4 | Part V, Line 4: Intended uses of the endowment fund. | ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 108 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS, GRANTS AND UNRESTRICTED PURPOSES FOR THE UNIVERSITY. ONLY REVENUE EARNED BY THE PORTFOLIO OF INVESTMENTS CAN BE USED FOR THE INTENDED PURPOSE. |
| Part III, Line 4 | Part III, Line 4: Description of organization's collections and how it furthers its purpose. | THE UNIVERSITY MAINTAINS A COLLECTION OF MIDDLE EAST ARTIFACTS AND A REPLICA OF THE JING YUNG BELL FOR PURPOSES OF PUBLIC EXHIBIT AND SCHOLARLY RESEARCH. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAHAM PELTON | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 BEECHWOOD RD | AddressLine1 |
| City | SUMMIT | City |
| State | NJ | State |
| ZIP Code | 07901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAMPAIGN PLAN | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 44188 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 44188 | TotalRetainedByContractors |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 16055 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 10576 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 5479 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 2288 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 2532 | FoodAndBeverageEvent1 |
| Gross Receipts Total | 16055 | GrossReceiptsTotal |
| Charitable Contributions Total | 10576 | CharitableContributionsTotal |
| Gross Revenue Total Events | 5479 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 2288 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 2532 | FoodAndBeverageTotalEvents |
| Direct Expense Summary Events | 4820 | DirectExpenseSummaryEvents |
| Net Income Summary | 659 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| VOCATIONAL REHAB GRANTS FOR STATES | 4 | 5643 | CASH |
| INSTITUTION SCHOLARSHIPS AND GRANTS | 1542 | 11750189 | CASH |
| FEDERAL SEOG | 1047 | 531157 | CASH |
| ENGLISH LANGUAGE ACQUISITION | 35 | 253278 | CASH |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Grantmaker's Description of How Grants are Used | Identifier |
| Explanation | THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|
| STEVEN C NOAH | |||
| 131878 | 6883 | 19870 | 158631 |
| JOHN OTTOSSON | |||
| 143991 | 7409 | 20068 | 171468 |
| ANN FIELDS | |||
| 167136 | 29178 | 16205 | 212519 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Sch J, Part I, Line 1a | Identifier |
| Return Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | ReturnReference |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing | CUSIP NumberCUSIPNumber |
|---|---|---|---|---|---|---|---|
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 2009-10-02 | 1150000 | CONSTRUCTION OF FACILITIES | false | false | false | |
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 2005-05-19 | 6535655 | SEE SCHEDULE O | false | false | false | 462460TX4 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Capitalized InterestCapitalizedInterest | Other Spent ProceedsOtherSpentProceeds |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8000 | 1163127 | 95564 | 20772 | 20002 | 1026788 | false | false | true | true | ||
| 6567556 | 530486 | 130391 | 388409 | true | false | true | true | 19315 | 5498955 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| false | false | false | false | true |
| false | false | false | false | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| false | true | false | false | false | true |
| false | false | false | false | false | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUSCO CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | OPERATING LOAN | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $4,000,000 | OriginalPrincipalAmount |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | false | WrittenAgreement |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | An officer of the organization is also an officer of Musco Corporation that lent to the Organization $4,000,000 for operating purposes during the year. The loan was made in April 2012 and repaid in May 2012. | Explanation |
Schedule M IRS990ScheduleM
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 511300 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET | MethodOfDeterminingRevenues |
Drugs And Medical Supplies DrugsAndMedicalSupplies
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 51952 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| SCHEDULE K, PART I, LINE A, COLUMN (f) | CONSTRUCTION AND IMPROVEMENTS TO FACILITIES AND REFUND PRIOR ISSUES (6-27-91, 7-17-96, 7-27-00) | |
| FORM 990, PART XI, LINE 5 PRIOR PERIOD ADJUSTMENT | The University has changed the accounting method for determining the fair value of the beneficial interest in a perpetual trust. The change in the accounting method had the effect of increasing net assets as of June 30, 2010 by $554,746 and decreasing gain on beneficial interest in perpetual life income trust for the year ended June 30, 2011 in the statement of activities by $786. THE NET RESULT IS AN INCREASE IN NET ASSETS OF $553,960. | |
| FORM 990, PART VI, SECTION B, LINE 16 | THE ORGANIZATION CURRENTLY HAS AN AGREEMENT WITH A FOR-PROFIT ENTITY REGARDING THE RECRUITING AND MARKETING OF A COLLEGE FOR WORKING ADULTS PROGRAM. THE CONTRACT WITH THE FOR-PROFIT ENTITY IS REVIEWED ANNUALLY AND THE ARRANGEMENT IS MONITORED DAILY TO SAFEGUARD THE ORGANIZATIONS TAX-EXEMPT STATUS. | |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Articles of incorporation and by-laws are available upon request to the business office of the organization. | Form 990, Part VI, Line 19 |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT FOR EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. | Form 990, Part VI, Line 15b |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the Finance Committee of the Board of Directors. | Form 990, Part VI, Line 12c |
| Form 990, Part VI, Line 11: Form 990 Review Process | COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. | Form 990, Part VI, Line 11 |
| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | 2 CURRENT TRUSTEES ARE EMPLOYED BY THE SAME COMPANY. | Form 990, Part VI, Line 2 |
| Form 990, Part III, Line 4d : Other Program Services Description | OTHER PROGRAM SERVICES 4: COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR 1,781 STUDENTS, FACULTY AND STAFF. OTHER PROGRAM SERVICES 5: SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,781 STUDENTS. OTHER PROGRAM SERVICES 6: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,781 FULL AND PART TIME STUDENTS. | Form 990, Part III, Line 4d |