2011-01-14T08:30:50-06:00 2010-05-31 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-06-01 420680408 CLARKE COLLEGE OF DUBUQUE IOWA CLAR 5635886315 1550 CLARKE DRIVE DUBUQUE IA 52001 DEANNA S MCCORMICK 5635886315 2011-01-11 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z JOANNE M BURROWS SC PHD 1550 CLARKE DRIVE DUBUQUE IA 52001 29401680 0 0928 X WWW.CLARKE.EDU X 1843 IA POST-SECONDARY AND GRADUATE LEVEL EDUCATION 28 27 716 20 133624 -140464 1766642 1705536 23420702 24681138 -19208 657897 349449 322146 25517585 27366717 7543223 7996510 0 11798201 12517668 165235 102180 1118666 7416337 7081233 26922996 27697591 -1405411 -330874 52120191 53986301 11130968 10733217 40989223 43253084 WE ARE A CATHOLIC, CO-EDUCATIONAL, LIBERAL ARTS COLLEGE FOUNDED IN 1843 BY THE SISTERS OF CHARITY OF THE BLESSED VIRGIN MARY IN DUBUQUE, IOWA. CLARKE EDUCATES STUDENTS AT THE POST-SECONDARY LEVEL IN THE LIBERAL ARTS AND SCIENCES, THE FINE ARTS, SELECTED PROFESSIONAL PROGRAMS, AND GRADUATE PROGRAMS.WE, THE FACULTY, STUDENTS, STAFF AND ADMINISTRATION ARE A CARING, LEARNING COMMUNITY COMMITTED TO EXCELLENCE IN EDUCATION. WE PROVIDE A SUPPORTIVE ENVIRONMENT THAT ENCOURAGES PERSONAL AND INTELLECTUAL GROWTH, PROMOTES GLOBAL AWARENESS AND SOCIAL RESPONSIBILITY, AND DEEPENS SPIRITUAL VALUES. 0 0 13702748 6838679 21541866 INSTRUCTION: COLLEGE EDUCATION FOR APPROXIMATELY 1,202 STUDENTS. PROGRAMS INCLUDE TRADITIONAL DAYTIME CLASSES, ACCELERATED EVENING CLASSES FOR WORKING ADULTS, AND GRADUATE PROGRAMS. 285 STUDENTS GRADUATED IN THE 2008-2009 ACADEMIC YEAR. 5718465 1157831 2993205 AUXILIARY SERVICES: PROGRAMS AVAILABLE TO ALL 1,202 STUDENTS INCLUDING THE RESIDENCE HALLS, BOARD PLANS, ATHLETICS, AND THE BOOKSTORE. RESIDENCE HALL CAPACITY IS 571 WITH OCCUPANCY OF 397, OR 69.5%. IN FALL 2009, ALL 397 STUDENTS ALSO HAD BOARD PLANS WITH FOOD SERVICE AND 18 COMMUTER STUDENTS PURCHASED BOARD PLANS. 2602396 198978 STUDENT SERVICES: RESOURCES PROVIDED TO ALL 1,202 STUDENTS BY STUDENT ACTIVITIES, HEALTH SERVICES, COUNSELING CENTER, CAREER CENTER, ADMISSIONS AND FINANCIAL AID. 1156814 ACADEMIC SUPPORT PROGRAMS 1156814 23180423 1 1 0 0 0 0 1 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 51 0 1 716 1 1 1 0 0 0 1 1 1 1 0 0 0 28 27 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEANNA S MCCORMICK 5635886414 1550 CLARKE DRIVE DUBUQUE IA 52001 JOANNE M BURROWS SC PHD 40.00 X X 180073 0 51233 THOMAS V LYNCHCLUCHFC 1.00 X X 0 0 0 CAROLYN S HAUPERT 1.00 X X 0 0 0 MARGARET MARY COSGROVE 1.00 X X 0 0 0 MARY LOU ANGLIN BVM 1.00 X 0 0 0 JOHN BEAVER 1.00 X 0 0 0 SUZANNE DIERS BLOUIN 1.00 X 0 0 0 TIMOTHY J CONLON 1.00 X 0 0 0 RICHARD P FRIEDMANCPCU 1.00 X 0 0 0 CAROLYN FITZGERALD GANTZ 1.00 X 0 0 0 TERI GOODMANN 1.00 X 0 0 0 DICK GREGORY 1.00 X 0 0 0 MARY PAT HALEY BVM PHD 1.00 X 0 0 0 NANCY SWIFT KLAUER 1.00 X 0 0 0 EDWARD J MONAGHAN 1.00 X 0 0 0 MIRA MOSLE BVM 1.00 X 0 0 0 JOHN D STAVNES 1.00 X 0 0 0 ROBERT F URELL 1.00 X 0 0 0 ROBERT C WAHLERT III 1.00 X 0 0 0 ROBERT H WAHLERT 1.00 X 0 0 0 RONALD C WILGENBUSCH USN 1.00 X 0 0 0 THOMAS P WILLIAMS DDS 1.00 X 0 0 0 REV THOMAS ZINKULA 1.00 X 0 0 0 MARY ANN ZOLLMANN BVM 1.00 X 0 0 0 BRENDAN T QUANN 1.00 X 0 0 0 JAMES H THOMPSON 1.00 X 0 0 0 SHARON K KRESS 1.00 X 0 0 0 MARGARET GERAGHTY BVM 1.00 X 0 0 0 DEANNA MCCORMICK 40.00 X 136911 0 7339 JOAN LINGEN BVM PHD 40.00 X 0 0 115894 MARK JONES 40.00 X 122957 0 12141 ELIZABETH TRIPLETT 40.00 X 132918 0 12485 572859 0 199092 4 0 1 0 SODEXO OPERATIONS LLC 4880 PAYSPHERE CIR CHICAGO IL 60674 FACILITIES MANAGEMENT 145372 CURTIS 1000 INC DEPT CH 19157 PALATINE IL 600559157 MAILING SERVICES/SEARCH FIRM 126107 RUFFALOCODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING/SEARCH FIRM 105052 3 9042 504431 1192063 36171 1705536 TUITION & FEES 611600 21541866 21541866 AUXILIARY SERVICES 611600 2993205 2993205 146067 146067 24681138 997065 997065 21973 66794 -44821 -44821 -44821 1116253 1424255 31166 -308002 -31166 -339168 -339168 26788 9042 18221 8567 8567 621491 494527 126964 126964 CONF/EVENT CATERING 722320 231436 52991 178445 231436 27366717 21740924 133624 3786633 7996510 7996510 306839 58333 190173 58333 10048774 8188679 1358209 501886 422415 332139 72265 18011 1013866 728138 245692 40036 725774 574366 113932 37476 144396 144396 11568 11568 57180 57180 102180 102180 76852 76852 219449 215464 3985 259411 259411 1633003 1282510 274197 76296 273788 98422 87683 87683 786307 786307 362417 282562 37132 42723 73083 42117 27740 3226 347188 305040 21074 21074 1432868 1255930 88469 88469 164830 143161 21669 MAINTENANCE AND REPAIRS 278079 46719 231360 STIPENDS & CASUAL LABOR 215521 206955 8566 MEMBERSHIPS 129940 38664 85658 5618 FOOD & ENTERTAINMENT 107169 44951 48088 14130 BAD DEBT EXPENSE 85766 85766 422418 282477 118416 21525 27697591 23180423 3398502 1118666 906378 1142128 8698928 946137 208707 297128 577297 568684 135414 158306 316870 373972 48726901 26729870 22833897 21997031 14102623 24469116 1613246 1192533 1495886 1503566 1230945 1337700 52120191 53986301 1354249 1424342 408725 442169 5370000 4945000 82930 87410 1598259 1422020 500000 500000 1816805 1912276 11130968 10733217 X 28903323 30654490 2063893 2181567 10022007 10417027 40989223 43253084 52120191 53986301 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 115000 X X X 0 0 1 24107394 330416 3045649 172221 745589 76852 26488797 23772119 5530281 -4380679 183104 550816 80407 24107394 0.60060 0.39330 0.00610 1 0 257119 257119 39676996 20153429 19523567 1690629 1411512 279117 5930541 4232066 1698475 1171616 932863 238753 21997031 DUE TO US GOVT - STUDENT LOANS 1002362 ASSET RETIREMENT OBLIGATION 652068 ANNUITIES PAYABLE 257846 1912276 27366717 27697591 -330874 2594735 2594735 2263861 23377519 2594735 136070 2730805 20646714 6720003 6720003 27366717 21113658 136070 579542 715612 20398046 7299545 7299545 27697591 Part III, Line 4: THE COLLECTION CONSISTS OF A LIMITED HERITAGE EDITION OF WORLD-RENOWNED SAINT JOHN'S BIBLE. THE HERITAGE EDITION IS A COMPLETELY HANDWRITTEN AND ILLUSTRATED RE-CREATION OF THE ORIGINAL SAINT JOHN'S BIBLE. THE SAINT JOHN'S BIBLE IS A SIGNIFICANT REPRESENTATION OF THE WORD OF GOD AND A COMPELLING WORK OF ART. THIS RARE GIFT TO CLARKE WILL SERVE AS A TESTAMENT TO OUR CATHOLIC HERITAGE AND IT WILL BE A SOURCE OF PRIDE FOR THE COLLEGE AND OUR COMMUNITY. THE COLLEGE PLANS TO EXHIBIT THE BIBLE AS VOLUMES ARE RECEIVED AND IS PLANNING A SPEAKER SERIES TO ACCOMPANY EACH VOLUME'S ARRIVAL. Part IV, Line 2b: STUDENT DEPOSIT ACCOUNTS ARE HELD BY THE COLLEGE FOR VARIOUS STUDENT GROUPS ON CAMPUS AND ARE REPORTED AS LIABILITIES ON THE ORGANIZATION'S BALANCE SHEET. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ENDOWMENT FUNDS ARE INVESTED TO PROVIDE FOR TOTAL RETURN. SPENDING FROM THE ENDOWMENT SUPPORTS SCHOLARSHIP AND OTHER EDUCATIONAL ACTIVITIES. Part X: Description of Uncertain Tax Positions Under FIN 48: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION 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 COLLEGES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS 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 IT 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% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2010 AND 2009, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990-T FILED BY THE COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED MAY 31, 2006 AND PRIOR. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AND GRANTS REPORTED AS CONTRA INCOME FOR BOOK: 7222693. INVESTMENT EXPENSES NETTED WITH INVESTMENT INCOME FOR BOOK: 76852. RENTAL EXPENSES NETTED WITH RENTAL INCOME: -66794. SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE: -18221. COST OF GOODS SOLD NETTED WITH GROSS RECEIPTS: -494527. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES NETTED WITH RENTAL INCOME: 66794. SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE: 18221. COST OF GOODS SOLD NETTED WITH GROSS RECEIPTS: 494527. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS AND GRANTS: 7222693. INVESTMENT EXPENSES: 76852. 1 1 1 CLARKE DOES NOT MAKE ANY PUBLIC DISCLOSURES IN THE MEDIA REGARDING ITS NONDISCRIMINATION POLICY WHEN RECRUITING STUDENTS. HOWEVER, CLARKE DOES INCLUDE A STATEMENT IN ALL PUBLIC JOB POSTINGS THAT INCLUDES A STATEMENT THAT CLARKE IS AN EQUAL OPPORTUNITY EMPLOYER. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IS DISTRIBUTED TO STUDENTS USING FEDERALLY APPROVED FINANCIAL NEED ANALYSIS CRITERIA. 1 X X X X X X X 1 RUFFALOCODY TELETHON SERVICES 0 208720 50000 158720 BENTZ WHALEY FLESSNER FEASABILITY STDY FOR CAP CAMPAIGN 0 1000 44818 -43818 209720 94818 114902 CLARKE GOLF CLASSIC 35830 9042 26788 13756 4465 35830 9042 26788 13756 4465 18221 8567 1 ENDOWED SCHOLARSHIPS 127 199727 N/A N/A ENDOWED AWARDS 50 8206 N/A N/A INSTITUTIONAL SCHOLARSHIPS 694 6899134 N/A N/A FEDERAL SEOG GRANTS 318 124422 N/A N/A TUITION REMISSION & OTHER WAIVERS 62 588262 N/A N/A TUITION EXCHANGE 9 176759 N/A N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON SPECIFIC CRITERIA DETAILED IN THE VARIOUS GRANT/SCHOLARSHIP AGREEMENTS. MEMBERS OF THE FINANCIAL AID OFFICE AND VARIOUS SCHOLARSHIP/AWARD COMMITTEES REVIEW RECORDS FOR ALL POTENTIAL RECIPIENTS TO ENSURE THAT THE SCHOLARSHIP/AWARD IS BEING AWARDED PROPERLY. X X 0 1 X X X 0 0 0 0 0 0 0 0 0 JOANNE M BURROWS SC PHD 175093 0 0 0 4980 0 9087 0 42146 0 231306 0 0 0 Part I, Line 1a JOANNE BURROWS SC, PRESIDENT, NON-TAXABLE BENEFITS INCLUDES HOUSING,WHICH IS REPORTED AS OTHER COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN (F) AND SCHEDULE J, PAGE 2, PART II, COLUMN (D). A PLAQUE IN THE HOUSE STATES THE HOUSE WAS DONATED TO CLARKE FOR USE AS PRESIDENTIAL RESIDENCE. THE PRESIDENT CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND COLLEGE RELATED ENTERTAINMENT ON COLLEGE PROPERTY. THE RESIDENCE LOCATED AT 1830 LINKS GLEN DR; DUBUQUE, IOWA, WHICH IS OWNED BY THE COLLEGE, IS DESIGNATED THE OFFICIAL COLLEGE PRESIDENTIAL HOUSE. THE ORGANIZATION PAYS COUNTRY CLUB DUES ON BEHALF OF JOANNE M. BURROWS, SC, PHD, PRESIDENT. THIS IS A TAXABLE BENEFIT TO THE EMPLOYEE AND IS REPORTED IN REPORTABLE COMPENSATION ON FORM 990, PART VI, SECTION A, COLUMN (D) AND SCHEDULE J, PART II, COLUMN (B)(III). Part I, Line 1b THE ORGANIZATION HAS NO WRITTEN POLICY PER SE, HOWEVER, IT FOLLOWS THE IRS TAX LAW RELATED TO TAXABLE EMPLOYER BENEFITS FOR THE EMPLOYEES FOR WHICH THE COLLEGE PAYS COUNTRY CLUB DUES. X 3 300 APPRAISAL/COMP SALES X 8382 COMPARABLE SALES X 5 22031 FAIR MARKET VALUE X GIFT CERTIFICATES 7 1869 FACE VALUE X PASSES, TICKETS, MEMBERSHIPS 6 1251 COMPARABLE SALES X GIFT SETS 3 500 COMPARABLE SALES X DISCOUNTS ON PURCHASED GOODS 4 1838 COMPARABLE SALES 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): THIS IS THE NUMBER OF CONTRIBUTORS. Third Party Use: Part I, Line 32b: THE ORGANIZATION USES A BROKER TO PROCESS AND SELL DONATED STOCK. Form 990, Part VI, Section A, line 2 ROBERT H. WAHLERT, TRUSTEE AND ROBERT C. WAHLERT, TRUSTEE HAVE A FAMILY RELATIONSHIP (FATHER AND SON). Form 990, Part VI, Section A, line 7b THE BOARD OF TRUSTEES HAS GENERAL POWERS, DUTIES, AND RESPONSIBILITIES WITH REGARD TO GOVERNANCE OF THE ORGANIZATION. IN ADDITION, PURSUANT TO THE BYLAWS OF THE ORGANIZATION, A BOARD OF CORPORATORS CONSISTING OF NINE (9) SPECIFIC INDIVIDUALS FROM THE BOARD OF TRUSTEES, HAS AUTHORITY TO: A. ADOPT, ALTER, AMEND OR REPEAL THE BYLAWS OF THE CORPORATION. B. EXERCISE, IN ITS DISCRETION, THE POWER OF DISAFFIRMATION WITH REGARD TO BOARD OF TRUSTEE DECISIONS/ACTIONS. DISAFFIRMATION REQUIRES A MAJORITY VOTE OF THE BOARD OF CORPORATORS AND MUST BE EXERCISED WITHIN FIVE (5) DAYS OF THE BOARD OF TRUSTEE DECISION/ACTION BEING DISAFFIRMED. C. EXERCISE SUCH OTHER POWERS AS IT MAY, FROM TIME TO TIME, RESERVE TO ITSELF. EACH MEMBER OF THE BOARD OF CORPORATORS IS ENTITLED TO ONE (1) VOTE. Form 990, Part VI, Section B, line 11 THE BOARD OF TRUSTEES OF CLARKE COLLEGE HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE MADE UP OF MEMBERS OF MANAGEMENT OF CLARKE COLLEGE AND SEVERAL TRUSTEES WHO SERVE ON THE BOARD. THE AUDIT COMMITTEE MEETS TO REVIEW THE COMPLETED FORM 990 WITH THE PAID TAX PREPARER. ANY REVISIONS ARE MADE AND SUBSEQUENTLY APPROVED BY THE COMMITTEE PRIOR TO THE FULL BOARD MEETING. ALL TRUSTEES RECEIVE A FINAL COPY OF THE FORM 990 AFTER IT IS APPROVED BY THE AUDIT COMMITTEE AND BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD OF TRUSTEE MEMBER SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD OF TRUSTEES AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND ALSO WHEN THE CONFLICT OF INTEREST BECOMES A MATTER OF ACTION BY THE BOARD OF TRUSTEES. ANY BOARD OF TRUSTEE MEMBER HAVING A DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND HE OR SHE SHALL NOT BE COUNTED IN DETERMINING THE QUORUM SITUATION. THE FOREGOING REQUIREMENTS SHALL NOT BE CONSTRUED AS PREVENTING THE BOARD OF TRUSTEE MEMBER FROM BRIEFLY STATING HIS OR HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER BOARD OF TRUSTEE MEMBERS SINCE HIS OR HER KNOWLEDGE MAY BE OF GREAT ASSISTANCE. ANY NEW MEMBER OF THE BOARD WILL BE ADVISED OF THIS POLICY UPON ENTERING ON THE DUTIES OF HIS AND HER OFFICE. Form 990, Part VI, Section B, line 15 THE BOARD HAS A CONVERSATION DURING AN EXECUTIVE SESSION AT THE JANUARY MEETING ABOUT THE PRESIDENT'S SALARY AND ALL TERMS IN HER CONTRACT. A SMALL AD HOC GROUP COMPOSED OF THE CHAIR (THOMAS LYNCH), VICE-CHAIR (CAROLYN HAUPERT), AND ANOTHER BOARD MEMBER (BRENDAN QUANN - ALSO LEGAL COUNSEL) THEN MEET TO DISCUSS HER SALARY. THEY REVIEW THE COMPARATIVE SALARIES FOR OTHER PRESIDENTS IN THE IOWA ASSOCIATION OF INDEPENDENT COLLEGE & UNIVERSITIES (IAICU), AND PREPARE A RECOMMENDATION FOR THE FULL BOARD TO APPROVE. THE RECOMMENDATION IS APPROVED OR REJECTED BY THE BOARD AT THE APRIL MEETING. REGARDING THE VICE PRESIDENTS, THE AUDIT COMMITTEE LOOKS AT THEIR SALARIES AND ALSO COMPARES THEM TO THE IAICU DATA FOR LIKE POSITIONS. VICE PRESIDENTS RECEIVE THE SAME INCREASE AS ALL OTHER SALARIED AND FACULTY EMPLOYEES ON AN ANNUAL BASIS. Form 990, Part VI, Section C, line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS OF CLARKE COLLEGE ARE ALWAYS AVAILABLE UPON REQUEST. IN ADDITION, OUR COLLEGE-WIDE CONFLICT OF INTEREST POLICY IS AVAILABLE ON OUR WEBSITE IN THE EMPLOYMENT MANUAL. OUR AUDITED FINANCIAL STATEMENTS ARE ALSO POSTED ON THE NACUBO WEBSITE. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART III ADDITIONAL INFORMATION REGARDING THE SALARY OF JOAN LINGEN, BVM, PHD JOAN LINGEN, BVM, PHD IS A MEMBER OF A RELIGIOUS ORDER AND HAS TAKEN A BONA FIDE VOW OF POVERTY AND RECEIVES NO TAXABLE COMPENSATION. THE ANNUAL SALARY (EXCLUDING BENEFITS) FOR JOAN LINGEN'S POSITION AS PROVOST AND VP OF ACADEMIC AFFAIRS IS $109,636. OF THIS AMOUNT, $49,226 IS PAID DIRECTLY TO HER RELIGIOUS ORDER, THE SISTERS OF CHARITY OF THE BLESSED VIRGIN MARY ("BVM"). THE REMAINING PORTION OF HER SALARY OF $60,410 REPRESENTS CONTRIBUTED SERVICES. DETAILS OF THE SALARY AND BENEFITS RELATED TO THIS POSITION ARE AS FOLLOWS: BASE COMPENSATION (PAID DIRECTLY TO BVM): $ 49,226 BASE COMPENSATION (CONTRIBUTED SERVICES): 60,410 DEFERRED COMPENSATION (RETIREMENT CONTRIBUTION PAID TO BVM FOR BVM PLAN): 4,460 HEALTH INSURANCE PREMIUMS (PAID TO BVM FOR BVM PLAN): 1,128 EMPLOYER PAID LIFE AND LTD INSURANCE PREMIUMS: 670 TOTAL COMPENSATION $115,894 MCELROY CLARKE LOAN FUND 1550 CLARKE DRIVE DUBUQUE IA 52001 421202190 EDUCATIONAL LOAN FUND IA 501(C)(3) 11A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0