2024-03-04T18:29:39-06:00 2023-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-06-01 470405319 UNION COLLEGE UNIO 4024862502 3800 SOUTH 48TH STREET LINCOLN NE 68506 STEVE TRANA VP FOR FINANCIAL ADMIN 4024862502 2024-02-28 1 STEVE TRANA 999009999 1 SARAH HINTZ P00492291 3037795710 2024-02-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VINITA SAUDER 3800 SOUTH 48TH STREET LINCOLN NE 68506 35286439 0 1071 X WWW.UCOLLEGE.EDU X 1891 NE OFFER A COLLEGE EXPERIENCE INCLUDING EDUCATION, HOUSING, & ASSOCIATED PROGRAMS IN LINCOLN, NE. 31 30 795 30 215569 0 11510627 7357356 21917760 19264919 1782994 339565 694273 609417 35905654 27571257 7076689 4901040 0 0 16057559 16166111 0 0 537273 9325403 8542654 32459651 29609805 3446003 -2038548 65634399 64077340 7700038 8412830 57934361 55664510 UNION COLLEGE IS A SEVENTH-DAY ADVENTIST COMMUNITY OF HIGHER EDUCATION, INSPIRED BY JESUS CHRIST, AND DEDICATED TO EMPOWERING STUDENTS TO LEARN, SERVE, AND LEAD. 0 0 12663648 4901040 16004588 INSTRUCTIONAL & PUBLIC SERVICE: UNION COLLEGE PROVIDES AN EXCEPTIONAL LIBERAL ARTS EDUCATION WITH 669 UNDERGRADUATE STUDENTS AND 88 MASTER'S LEVEL STUDENTS. THE 10 TO 1 STUDENT TEACHER RATIO ALLOWS FOR EXCELLENT STUDENT/TEACHER INTERACTION. UNION COLLEGE OFFERS MORE THAN 60 MAJORS, MINORS, AND EMPHASES IN 29 FIELDS OF STUDY INCLUDING BACHELOR'S DEGREES IN RELIGION, BUSINESS, EDUCATION, NURSING, ENGLISH, AND INTERNATIONAL RESCUE & RELIEF, AS WELL AS A MASTER'S DEGREE IN PHYSICIAN ASSISTANT STUDIES. 6267397 0 1590287 ACADEMIC SUPPORT & STUDENT SERVICES: ACADEMIC SUPPORT INCLUDES THE LIBRARY, ACADEMIC ADMINISTRATION, INSTITUTIONAL RESEARCH, AND ACADEMIC INSTITUTIONAL TECHNOLOGY. STUDENT SERVICES SUPPORTS STUDENTS THROUGH COUNSELING, RECORDS OFFICE, ADMISSIONS AND OTHER STUDENT SUPPORT. 4986001 0 1617835 AUXILIARY SERVICES: AUXILIARY SERVICES AT UNION COLLEGE EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, INSTITUTIONAL DEPARTMENTS AND THE PUBLIC. THE MOST PROMINENT OF THESE SERVICES PROVIDE SUPPORT TO OUR STUDENTS AND INCLUDE RESIDENCE HALLS, BOOKSTORE, AND CAMPUS HOUSING. 23917046 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 972 0 1 795 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRANDIE KOLFF VAN OOSTERWYK 4024862600 3800 SOUTH 48TH STREET LINCOLN NE 68506 VINITA SAUDER PRESIDENT/SECRETARY 40.00 0.00 X X 128255 0 32600 GARY THURBER CHAIR 1.00 0.00 X X 0 0 0 HUBERT MOREL JR VICE CHAIR 1.00 0.00 X X 0 0 0 KEN BACON TRUSTEE 1.00 0.00 X 0 0 0 STEVE BASCOM TRUSTEE 1.00 0.00 X 0 0 0 ROGER BERNARD TRUSTEE 1.00 0.00 X 0 0 0 RON CARLSON TRUSTEE 1.00 0.00 X 0 0 0 STEVEN CHAVEZ TRUSTEE 1.00 0.00 X 0 0 0 DEAN CORIDAN TRUSTEE 1.00 0.00 X 0 0 0 MORRE DEAN TRUSTEE 1.00 0.00 X 0 0 0 GARTH FLETCHER TRUSTEE 1.00 0.00 X 0 0 0 DOUG GOETZ TRUSTEE 1.00 0.00 X 0 0 0 MILDRED GREER TRUSTEE 1.00 0.00 X 0 0 0 LOUANN HOWARD TRUSTEE 1.00 0.00 X 0 0 0 SAM HUENERGARDT TRUSTEE 1.00 0.00 X 0 0 0 REBECCA KRUEGER TRUSTEE 1.00 0.00 X 0 0 0 RICK KRUEGER TRUSTEE 1.00 0.00 X 0 0 0 KEVIN LANG TRUSTEE 1.00 0.00 X 0 0 0 JUSTIN LYONS TRUSTEE 1.00 0.00 X 0 0 0 JAMES MCARTHUR TRUSTEE 1.00 0.00 X 0 0 0 JASON MOSES TRUSTEE 1.00 0.00 X 0 0 0 DARLINGTON MUNDENDE TRUSTEE 1.00 0.00 X 0 0 0 JEFF PETERSON TRUSTEE 1.00 0.00 X 0 0 0 BARBARA PROWANT TRUSTEE 1.00 0.00 X 0 0 0 RICH REINER TRUSTEE 1.00 0.00 X 0 0 0 SAM SHUM TRUSTEE 1.00 0.00 X 0 0 0 GLERIE STENBAKKEN TRUSTEE 1.00 0.00 X 0 0 0 KENT THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 MIC THURBER TRUSTEE 1.00 0.00 X 0 0 0 DAVID VANDEVERE TRUSTEE 1.00 0.00 X 0 0 0 MARK WEIR TRUSTEE 1.00 0.00 X 0 0 0 STEVE TRANA VP FOR FINANCIAL ADMIN 40.00 1.00 X 101653 0 27579 MEGAN HEIDTBRINK PA CHAIR 40.00 0.00 X 140026 0 35462 MICHELLE PETERSON PA FACULTY 40.00 0.00 X 108748 0 28732 AUSTIN YOUNG PA FACULTY 40.00 0.00 X 100811 0 26051 579493 0 150424 5 0 1 0 AYARS & AYARS INC 2436 N 48TH ST LINCOLN NE 68504 CONSTRUCTION OF NEW FITNESS CENTER 5729889 EAB PO BOX 603519 CHARLOTTE NC 28260 ENROLLMENT MARKETING 210001 MBS DIRECT PO BOX 617 COLUMBIA MO 65205 STUDENT ONLINE COURSEWORK SERVICES 179288 FIRESPRING 1201 INFINITY COURT LINCOLN NE 68512 PRINTING SERVICES 142485 CARNEGIE DARTLET LLC 210 LITTLETON ROAD SUITE 100 WESTFORD MA 01886 ENROLLMENT MARKETING 139640 5 2704376 652535 4000445 320099 7357356 TUITION AND FEES 611310 16004588 16004588 AUXILIARY SERVICES 721310 1617835 1617835 STUDENT SERVICES 611710 1590287 1590287 GUEST SERVICES 721000 42109 42109 FITNESS FACILITIES 713990 10100 10100 19264919 561440 561440 188309 24949 163360 163360 163360 6537784 6759659 -221875 -221875 -221875 1376631 930574 446057 446057 27571257 19212710 215569 785622 4901040 4901040 257894 228983 28911 6797042 6213695 420725 162622 1680722 1421998 214542 44182 6477560 5167986 1129302 180272 952893 727529 201727 23637 30219 30219 101711 101711 89539 89539 1338626 1205054 118117 15455 217892 152713 63173 2006 2358142 1926388 398829 32925 149192 111863 16269 21060 1077362 1065066 9836 2460 527367 425220 80514 21633 104261 87564 14587 2110 185355 70869 114486 1387137 219924 1167213 899900 220137 679763 TAXES 71635 71635 AGENCY FEES 4316 4316 29609805 23917046 5155486 537273 8942488 2049725 3541452 2793117 1857782 1661604 112671 120071 165021 396711 64923986 26137264 33104386 38786722 16033903 16483184 1876696 1786206 65634399 64077340 2611642 3313027 850002 604235 441195 658954 1224972 1207433 467664 498762 1016370 984286 1088193 1146133 7700038 8412830 X 33911698 30129927 24022663 25534583 57934361 55664510 65634399 64077340 X -2038548 -247227 15924 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14017025 1365130 186463 1228668 14339950 14403582 676114 -84456 978215 14017025 11661827 1316382 2291009 865636 14403582 9998571 1827734 532517 696995 9998571 9413260 1087334 187852 689875 9998571 0.27510 0.68510 0.03980 0 0 733516 733516 48022614 19205272 28817342 3516429 2318196 1198233 6025170 4613796 1411374 6626257 6626257 38786722 ANNUITY AND SPLIT INTEREST AGREEMENT OBLIGATIONS 463910 ASSET RETIREMENT OBLIGATION 682223 1146133 X 23304898 -247227 971447 724220 22580678 89539 4901040 4990579 27571257 25574749 955523 955523 24619226 89539 4901040 4990579 29609805 PART IV, LINE 2B: UNION COLLEGE HOLDS DEPOSITS AND AGENCY ACCOUNTS FOR THE BENEFIT OF STUDENTS. PART V, LINE 4: UNION COLLEGE'S ENDOWMENTS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS AND OTHER INSTITUTIONAL NEEDS AS THEY ARISE. PART X, LINE 2: THE COLLEGE IS A RELIGIOUS AND EDUCATIONAL NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 930,574. RENT EXPENSE 24,949. CHANGE IN VALUE OF ANNUITIES AND SPLIT-INTEREST AGREEMENTS 15,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,901,040. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 24,949. COST OF GOODS SOLD 930,574. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,901,040. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND IN COLLEGE BROCHURES ON ITS WEBSITE. THE NONDISCRIMINATORY POLICY IS ALSO AVAILABLE VIA A LINK INCLUDED IN THE RESOURCE BANNER AT THE BOTTOM OF EVERY PAGE ASSOCIATED WITH ITS WEBSITE. SCHEDULE E, PART I, LINE 6 UNION COLLEGE PARTICIPATES IN THE FOLLOWING FEDERAL PROGRAMS THROUGH THE US DEPARTMENT OF EDUCATION: PELL GRANT PROGRAM; FEDERAL DIRECT LOAN PROGRAM; FEDERAL WORK-STUDY PROGRAM; FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM; FEDERAL PERKINS LOAN PROGRAM; AND FEDERAL NURSING STUDENT LOAN PROGRAM. EXPENDITURES RELATED TO THE PROGRAMS ARE PRIMARILY MADE BY PARTICIPATING STUDENTS AT THE COLLEGE. 1 SCHOLARSHIPS AND GRANTS 748 4901040 N/A N/A PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM, AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTIONS AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE, AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE COLLEGE'S POLICY. X X 0 0 0 0 0 0 0 0 0 MEGAN HEIDTBRINK PA CHAIR 139881 0 145 0 0 0 11318 0 24144 0 175488 0 0 0 VINITA SAUDER PRESIDENT/SECRETARY 128110 0 145 0 0 0 9919 0 22681 0 160855 0 0 0 A NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 2012-06-26 5500000 FACILITY CONSTRUCTION 0 0 0 A 4292567 5500000 40000 5460000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEBRASKA EDUCATIONAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2020 X 13 315626 FAIR MARKET VALUE X 1 254 ACTUAL COST X MUSICAL ITEMS 3 3419 ACTUAL COST X MULCH 240 800 ACTUAL COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE OFFICERS CONSIST OF PRESIDENT, VICE PRESIDENT (ACADEMIC DEAN), AND SECRETARY/TREASURER (VP FOR FINANCE), THE COMMITTEE HAS THE AUTHORITY TO MAKE FINANCIAL COMMITMENTS ON BEHALF OF THE COLLEGE OF UP TO $100,000. FORM 990, PART VI, SECTION A, LINE 2 KENT THOMPSON AND RICK KRUEGER - BUSINESS RELATIONSHIP RICK KRUEGER AND REBECCA KRUEGER - FAMILY RELATIONSHIP KEN BACON AND SAM HUENERGARDT - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERS ARE COMPRISED OF THE SAME CONSTITUENCY AS THE MID-AMERICA UNION CONFERENCE OF SEVENTH-DAY ADVENTISTS, AS DEFINED IN THE CONFERENCE'S GOVERNING INSTRUMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE COLLEGE'S MEMBERS MAY ELECT OR REMOVE THE BOARD OF TRUSTEES. THE PRESIDENT, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR ADMINISTRATION, AND DIRECTOR OF EDUCATION OF THE MID-AMERICA UNION CONFERENCE SERVE AS TRUSTEES OF THE COLLEGE, AS DO THE PRESIDENTS OF ALL LOCAL CONFERENCES WITHIN THE MID-AMERICA UNION CONFERENCE ASSOCIATION TERRITORY. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENTS OF THE COLLEGE'S GOVERNING DOCUMENTS REQUIRE THE APPROVAL OF THE COLLEGE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING DATA SUPPLIED BY MANAGEMENT. A COPY OF THE FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST SIGN A CONFLICT OF INTEREST FORM AT THE START OF EACH YEAR. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A MEETING OF THE BOARD OR ANY OF ITS COMMITTEES IN WHICH THE TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH A MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OF TRUSTEES OR COMMITTEE OF THE BOARD TO RESOLVE THE QUESTION BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE NORTH AMERICAN DIVISION OF SEVENTH-DAY ADVENTISTS PUBLISHES PAY SCALES FOR ALL ORGANIZATIONS UNDER THEM. THE PAY SCALES PROVIDE A BASE SALARY AND EVERYONE GETS A PERCENTAGE OF THE BASE SALARY, ALLOWING FOR VARIANCES BASED ON THE COST OF LIVING IN THE AREA. THESE PAY SCALES ARE DEVELOPED WITH AN EXTERNAL, INDEPENDENT COMPANY THAT CALCULATES THE DATA. UNION COLLEGE CREATES CATEGORIES WITHIN THESE RANGES AND EVERYONE IS PLACED WITHIN THE RANGES BASED ON EXPERIENCE AND DEGREES HELD. EVERYONE IS PLACED IN THESE CATEGORIES BY HUMAN RESOURCES AND THE HUMAN RESOURCES COMMITTEE. ONCE A YEAR THE FINANCE COMMITTEE IS GIVEN A COPY OF EACH EMPLOYEE'S SALARY, AND A COPY OF THE PAY SCALE TO REVIEW FOR ACCURACY. FOR THE PRESIDENT AND CFO OF THE COLLEGES AND UNIVERSITIES, THE PAY SCALES HAVE A PROVISION TO ADD A SPOUSE ALLOWANCE OF 20 PERCENT TO THEIR SALARY. A COMMITTEE OF THE BOARD REVIEWED COMPENSATION FOR THE PRESIDENT AND VP OF FINANCE IN 2022. THE PROCESS IS DOCUMENTED IN MEETING MINUTES ALONG WITH A LETTER SUBMITTED TO PAYROLL DOCUMENTING CHANGES IN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UNION COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND SPLIT-INTEREST AGREEMENTS 15,924. PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. MID-AMERICA UNION CONFERENCE ASSOCIATION OF SEVENTH-DAY ADVENTISTS 8307 PINE LAKE ROAD LINCOLN NE 68516 476006806 CHURCH NE 501(C)(3) LINE 1 N/A 0 MIDWEST FOUNDATION FOR HIGHER EDUCATION 3800 SOUTH 48TH STREET LINCOLN NE 68506 470698086 SUPPORT STUDENTS AT UNION COLLEGE NE 501(C)(3) LINE 12B, II N/A 0 CHARITABLE REMAINDER UNITRUSTS (2) INVESTMENTS NE N/A T 1.00000 0 CHARITABLE REMAINDER UNITRUSTS (1) INVESTMENTS CO N/A T 1.00000 0 CHARITABLE REMAINDER UNITRUSTS (1) INVESTMENTS FL N/A T 1.00000 0 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0