2012-11-12T16:04:33-06:00 2012-06-30 420714325 MCGLADREY LLP 400 LOCUST ST STE 640 DES MOINES IA 503092354 990 2011-07-01 420730347 DES MOINES UNIVERSITY - OSTEOPATHIC MEDICAL CENTER DESM 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 MARK J PEIFFER 5152711585 2012-11-09 1 KAY HEGARTY P00091057 5155586600 2011 2016-02-24 21:20:13Z DES MOINES UNIVERSITY ANGELA L WALKER FRANKLIN 3200 GRAND AVENUE DES MOINES IA 503124198 86810048 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. 27 25 1282 1235 3233 2108 2250271 1699169 51484051 53615582 42465 430131 1591562 463246 55368349 56208128 3550759 3108051 0 0 32771974 33040416 0 0 946393 18513595 18991394 54836328 55139861 532021 1068267 156475079 156163810 48551623 49783953 107923456 106379857 TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS. 0 0 34936877 3108051 50090418 THE UNIVERSITY PROVIDES TO AN ENROLLMENT OF 1,789 STUDENTS 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. 5536049 3959928 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 24 PHYSICIANS AND MID-LEVEL PROVIDERS PERFORMED SERVICES FOR MORE THAN 39,000 PATIENT VISITS ACROSS 5 SPECIALTIES. 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. 40472926 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 1 0 0 0 0 1 1 0 0 0 1 2346 0 1 1282 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ MD MA MI NH NY OR SC X ELIZABETH A BROSNAHAN 5152711585 3200 GRAND AVENUE DES MOINES IA 503124198 DALE F ANDRES DO 2.00 X 0 0 0 ARTHUR E ANGOVE DO 2.00 X 0 0 0 SUSAN L BECK DO 2.00 X 0 0 0 BARRY BRAVER DO 2.00 X 0 0 0 GILBERT S BUCHOLZ DO 2.00 X 0 0 0 JAY CHRISTENSEN MHA 3.00 X 8500 0 0 ERIC T CROWELL MHA 2.00 X 0 0 0 BERNARD M FELDMAN DO 2.00 X 0 0 0 CHARLES A FINCH DO 2.00 X 0 0 0 JON D GARNAAS 2.00 X 0 0 0 W STEVENSON GLANTON JD 2.00 X 0 0 0 H DEAN HANNAM 2.00 X 0 0 0 RENEE HARDMAN MBA 2.00 X 0 0 0 BRIAN G HART MBA 2.00 X 0 0 0 W HAL HATCHETT DPM 2.00 X 0 0 0 VICTORIA L HERRING JD 2.00 X 0 0 0 ROBERT M KREAMER DO 2.00 X 0 0 0 MARY A RADIA DO 2.00 X 0 0 0 ANIL SAHAI DO 2.00 X 0 0 0 JACQUELINE M STOKEN DO 2.00 X 400 0 0 DAVID H VELLINGA MHA 2.00 X 0 0 0 SAMUEL T WALLACE MHA 2.00 X 0 0 0 PATRICIA YUNGCLAS 2.00 X 0 0 0 JAMES A GREKIN DO 2.00 X X 0 0 0 LARRY J BAKER DO 2.00 X X 0 0 0 C ARTHUR WITTMACK 2.00 X X 0 0 0 STEPHEN M MORAIN JD 2.00 X X 0 0 0 RICHARD M KOTZ DO 2.00 X X 0 0 0 MAX T MCKINNEY DO 2.00 X X 0 0 0 ANGELA L WALKER FRANKLIN PHD 40.00 X 332812 0 26302 KAREN MCLEAN PHD 40.00 X 236216 0 36523 MARK J PEIFFER 40.00 X 191700 0 23834 STEPHEN S DENGLE MBA 40.00 X 272246 0 35743 SUSAN HUPPERT 40.00 X 145782 0 20807 MARY ANN ZUG 40.00 X 162769 0 29894 JEFFREY T GRAY PHD 40.00 X 137665 0 14264 KENDALL REED DO 40.00 X 424593 0 22963 JODI CAHALAN PHD 40.00 X 176064 0 37484 GEORGE CLAVENNA DO 40.00 X 372133 0 31647 ROBERTA A WATTLEWORTH DO 40.00 X 244018 0 35001 VICTOR KAYLARIAN DO 40.00 X 242755 0 26585 GEORGE B KLOCK DO 40.00 X 240915 0 28525 YOGESH SHAH MD 40.00 X 235407 0 17045 3423975 0 386617 63 0 1 0 ENCORE ONE LLC 1717 UNIVERSITY AVENUE WEST ST PAUL MN 55104 CLEANING SERVICE 424026 ARAMARK 825 SW IRVINEDALE DR ANKENY IA 50023 FOOD SERVICE 381233 IOWA PHYSICIANS MED FOUNDATION 8101 BIRCHWOOD CT JOHNSTON IA 50131 BILLING SERV & EDUCATION 294837 SEI INVESTMENTS ONE FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 238442 MERCY CLINICS 1111 6TH AVENUE DES MOINES IA 50314 EDUCATION 237575 13 449284 585629 664256 27921 1699169 TUITION & FEES 611710 49068742 49068742 PATIENT CARE 621110 3959928 3959928 SAL SCHOLARSHIP ALLOWA 611710 586912 586912 53615582 1884795 929 1883866 82535 2304 14682 0 67853 2304 70157 2304 67853 29045353 151 30500168 0 -1454815 151 -1454664 -1454664 45395 449284 87070 -41675 -41675 LEASED EMPLOYEES 541900 168110 168110 CONFERENCE INCOME 900099 72949 72949 REBATE INCOME 900099 46946 46946 146759 146759 434764 56208128 54050346 3233 455380 80000 80000 3028051 3028051 2659972 1066760 1410844 182368 23851448 19465793 3997318 388337 1654837 1362963 261504 30370 3126939 2290322 785316 51301 1747220 1318422 390186 38612 117766 117766 81500 81500 70551 70551 412107 412107 1822013 923078 894372 4563 543353 531 542822 1532772 1051589 446468 34715 2056443 553994 1502449 1656220 1348687 307533 601921 389921 169563 42437 168309 71418 96891 1090286 845237 245049 2831130 1916159 914971 492263 167204 325059 AFFIL. CLINICAL PROGRAM 1941415 1941415 LIBRARY BOOKS & SUBSCRI 1256010 1256010 PERSONNEL RECRUITING 387042 387042 STUDENT EVENTS/ACTIVITI 372237 371224 1013 1558056 953597 527660 76799 55139861 40472926 13720542 946393 1475 1475 4998287 5645292 930406 709949 871039 622001 5369030 5600958 620382 774287 74260333 34231379 41544150 40028954 77569652 75286403 19833820 23016452 4736838 4478039 156475079 156163810 3665451 3687970 5579607 5637077 3839050 3431372 31145000 30315000 1288712 1074260 3033803 5638274 48551623 49783953 X 94724585 93058036 5485030 5667957 7713841 7653864 107923456 106379857 156475079 156163810 X 1068267 -2611866 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 76864 0 0 76864 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE UNIVERSITY HAS UTILIZED LOBBYISTS FOR ITS WORK WITH THE IOWA GENERAL ASSEMBLY AND STATE GOVERNMENT. 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. LOBBYISTS HAVE ALSO PROVIDED COUNSEL TO THE UNIVERSITY IN ITS WORK WITH CONGRESS AND THE FEDERAL GOVERNMENT, IN WHICH THE UNIVERSITY'S CONTRACT WITH THE FEDERAL LOBBYISTS TERMED DURING OCTOBER 2011. SUCH COUNSEL PROVIDED GUIDANCE ON SOURCES OF POTENTIAL FUNDING FOR RESEARCH, COMMUNITY DEVELOPMENT, AND PUBLIC HEALTH EDUCATION FOR PHYSICIANS, THE UNIVERSITY, AND COMMUNITIES THROUGHOUT THE STATE OF IOWA. 0 1 63995901 1021308 699486 1078219 4292452 412107 59933917 51279039 1057014 17175936 1020001 4238320 257767 63995901 41826731 828875 12922964 681680 3395168 222683 51279039 67373883 717863 -21510241 603236 3945884 205654 41826731 0.78000 0.13000 0.09000 1 0 3421003 3421003 58357955 25610115 32747840 9834238 6905834 2928404 2647137 1715430 931707 40028954 200000 F SEI OFFSHORE OPPORTUNITY 5635278 F SEI STRUCTURED CREDIT 4619036 F SEI GLOBAL PRIVATE EQUITY 2140426 F SEI SPECIAL SITUATIONS 7572254 F SEI CORE PROPERTY 2849458 F 23016452 INTEREST RATE SWAP LIABILITY 5638274 5638274 56208128 55139861 1068267 314351 -2926217 -2611866 -1543599 51003979 314351 12270 -5632522 -5305901 56309880 -101752 -101752 56208128 52547578 12270 101752 114022 52433556 2706305 2706305 55139861 PART IV, LINE 2B: STUDENTS WHO PREPAY TUITION AT LEAST 12 MONTHS PRIOR TO THE START OF THE ACADEMIC YEAR LOCK IN THE CURRENT TUITION RATE AT THE TIME OF PAYMENT. FUNDS HELD IN ESCROW FOR FUTURE TUITION PAYMENTS TOTAL $568,745. DEPOSITS HELD IN CUSTODY FOR STUDENT ORGANIZATIONS TOTAL $504,515. RENT DEPOSITS HELD IN CUSTODY TOTAL $1,000. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS, ESTABLISH RESEARCH FUNDS FOR FACULTY, AND SUPPORT PROGRAMS AND FACILITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011, 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 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -2,604,471. LOSSES ON UNCOLLECTIBLE PLEDGES -321,746. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,926,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BOND INTEREST RATE SWAP -2,604,471. SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S -3,028,051. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -14,682. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S -87,070. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 14,682. EVENT EXPENSES REPORTED AS EXPENSE ON AUDITED F/S 87,070. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & TUITION DISCOUNTS REPORTED NET IN REVENUE ON AUDITED F/S 3,028,051. LOSSES ON UNCOLLECTIBLE PLEDGES REPORTED AS EXPENSE ON AUDITED F/S -321,746. 1 1 0 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 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 AND THE FEDERAL PERKINS LOAN PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 13207532 0 0 0 0 0 0 13207532 0 13207532 1 0 0 0 0 0 SCHOL DINNER 333502 303942 29560 27887 PRESIDENT INAUG 90415 82715 7700 46029 2 70762 62627 8135 13154 494679 449284 45395 27887 59183 87070 -41675 1 HEALTH EDUCATION AND RESIDENCY TRAINING 3200 GRAND AVENUE DES MOINES IA 50312 272911834 501(C)(3) 80000 GENERAL SUPPORT 1 SCHOLARSHIP AND TUITION DISCOUNTS FOR STUDENTS 270 3028051 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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). 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. X 0 1 X X X X 0 0 0 1 0 0 0 0 0 ANGELA L WALKER FRANKLIN PHD 325279 0 60 0 7473 0 12375 0 13927 0 359114 0 0 0 KAREN MCLEAN PHD 234705 0 250 0 1261 0 16500 0 20023 0 272739 0 0 0 MARK J PEIFFER 188950 0 2750 0 0 0 16500 0 7334 0 215534 0 0 0 STEPHEN S DENGLE MBA 269769 0 250 0 2227 0 16500 0 19243 0 307989 0 0 0 SUSAN HUPPERT 144953 0 5 0 824 0 14500 0 6307 0 166589 0 0 0 MARY ANN ZUG 159011 0 10 0 3748 0 16249 0 13645 0 192663 0 0 0 JEFFREY T GRAY PHD 137600 0 65 0 0 0 13485 0 779 0 151929 0 0 0 KENDALL REED DO 421856 0 10 0 2727 0 16500 0 6463 0 447556 0 0 0 JODI CAHALAN PHD 175314 0 250 0 500 0 16261 0 21223 0 213548 0 0 0 GEORGE CLAVENNA DO 304386 0 65520 0 2227 0 16500 0 15147 0 403780 0 0 0 ROBERTA A WATTLEWORTH DO 242752 0 5 0 1261 0 16500 0 18501 0 279019 0 0 0 VICTOR KAYLARIAN DO 237961 0 5 0 4789 0 16500 0 10085 0 269340 0 0 0 GEORGE B KLOCK DO 240910 0 5 0 0 0 16500 0 12025 0 269440 0 0 0 YOGESH SHAH MD 230000 0 70 0 5337 0 16500 0 545 0 252452 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. PART I, LINE 5 ADDITIONAL COMPENSATION FOR CLINICAL FACULTY IS CALCULATED USING A PERCENTAGE OF NET CLINICAL REVENUE GENERATED DIRECTLY BY THE FACULTY MEMBER. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460RF5 2003-06-25 22700000 CONSTRUCT AND FURNISH EDUCATION CENTER 0 0 0 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460SL1 2004-06-02 13785000 REFUNDED PRIOR ISSUE (05/10/95) 0 0 0 2405000 23083276 241704 83035 22058537 700000 2005 0 0 1 1 3765000 14132740 156560 24692 224550 13726938 2004 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 1 0 0 1 0 0 0 0 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. X 6 27921 SELLING PRICE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL CONTRIBUTED PUBLICLY TRADED SECURITIES IMMEDIATELY UPON RECEIPT. VOLUNTEERS: FORM 990, PART I, LINE 6: 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 FINANCE 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 MANAGEMENT POSITIONS WITH THE UNIVERSITY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. FOR MEMBERS OF THE BOARD, THE CHAIRPERSON OF THE BOARD AND THE PRESIDENT REVIEW THE DISCLOSURE STATEMENTS AND IMPLEMENT THE POLICY. FOR MANAGEMENT PERSONNEL, THE DISCLOSURE STATEMENTS ARE ANNUALLY REVIEWED BY THE PRESIDENT AND CHIEF COMPLIANCE OFFICER. ADDITIONALLY, THE UNIVERSITY'S EXTERNAL AUDIT FIRM REVIEWS THE DISCLOSURE STATEMENTS AS PART OF THEIR ANNUAL AUDIT AND REPORTS FINDINGS TO THE FINANCE 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. 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 314,351. UNREALIZED LOSS ON BOND INTEREST RATE SWAP -2,604,471. LOSSES ON UNCOLLECTIBLE PLEDGES -321,746. TOTAL TO FORM 990, PART XI, LINE 5: -2,611,866. HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK 3200 GRAND AVENUE DES MOINES IA 50312 272911834 EDUCATION AND TRAINING FOR MEDICAL STUDENTS 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 0 0 HEALTH EDUCATION AND RESIDENCY TRAINING NETWORK B 80000 GAAP