2024-04-15T19:35:11-05:00 2023-05-31 481292483 HENJES CONNER & WILLIAMS PC PO BOX 1937 DAKOTA DUNES SD 57049 990 2022-06-01 420707124 BRIAR CLIFF UNIVERSITY BRIA 7122795504 3303 REBECCA STREET SIOUX CITY IA 51104 JOHN ROBERTSON VICE PRESIDENT OF FINANCE 7122795504 2024-04-15 1 JOHN ROBERTSON 999009999 0 LORI K SHAFFER P01333422 6052423900 2024-04-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN ROBERTSON 3303 REBECCA STREET SIOUX CITY IA 51104 37903968 0 X WWW.BRIARCLIFF.EDU X 1963 IA POST-SECONDARY EDUCATION 19 17 533 25 0 0 5986474 8550874 27700010 27995068 828101 299291 -80130 228762 34434455 37073995 12945094 14201613 0 0 12925471 13225302 0 0 324256 8974829 9747980 34845394 37174895 -410939 -100900 44688006 43158553 16035280 15529080 28652726 27629473 X BRIAR CLIFF UNIVERSITY IS A COMMUNITY COMMITTED TO HIGHER EDUCATION WITHIN A LIBERAL ARTS AND CATHOLIC PERSPECTIVE. IN THE FRANCISCAN TRADITION OF SERVICE, CARING AND OPENNESS TO ALL, BRIAR CLIFF EMPHASIZES QUALITY EDUCATION FOR ITS STUDENTS, COMBINING A BROAD INTELLECTUAL BACKGROUND WITH CAREER DEVELOPMENT. THE UNIVERSITY CHALLENGES IT'S MEMBERS TO GROW IN SELF-AWARENESS AND IN THEIR RELATIONSHIPS TO OTHERS AND TO GOD. 0 0 30966329 14201613 24161002 BRIAR CLIFF UNIVERSITY IS ACCREDITED AS A DEGREE-GRANTING INSTITUTION BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS. SINCE 1945, THE HIGHER LEARNING COMMISSION HAS GRANTED BRIAR CLIFF UNIVERSITY FULL ACCREDITATION. AS A FOUR YEAR LIBERAL ARTS INSTITUTION, BRIAR CLIFF UNIVERSITY OFFERS DOCTORATE, MASTERS AND BACCALAUREATE PROGRAMS IN 44 FIELDS OF STUDY, RESULTING IN OVER 25,000 CREDIT HOURS OF POST-SECONDARY EDUCATION. THE UNIVERSITY CURRENTLY SERVES A POPULATION OF OVER 1,200 STUDENTS FROM 42 STATES, ARMED FORCES POST OFFICE, PUERTO RICO, AND 14 FOREIGN COUNTRIES. 2710041 3627144 BRIAR CLIFF UNIVERSITY AUXILIARY SERVICES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND BOOKSTORE. DURING THE FISCAL YEAR ENDED MAY 31, 2023, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 450 STUDENTS. 33676370 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1762 0 533 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 17 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN ROBERTSON 7122795504 3303 REBECCA STREET SIOUX CITY IA 51104 STEVEN FREEMAN BOARD CHAIRPERSON 1.00 X X 0 0 0 BAILEY AALFS TRUSTEE 0.50 X 0 0 0 KEN BEAULIEU TRUSTEE 0.50 X 0 0 0 GAIL BERNSTEIN TRUSTEE 0.50 X 0 0 0 RON BOND TUSTEE 0.50 X 0 0 0 SR RENAE HOHENSEE TRUSTEE 0.50 X 0 0 0 BISHOP R WALKER NICKLESS TRUSTEE 0.50 X 0 0 0 NICK ROTH TRUSTEE 0.50 X 0 0 0 MARK SCHUETT TRUSTEE 0.50 X 0 0 0 DAVID SIMMONS TRUSTEE 0.50 X 0 0 0 SR MARGE STAUDT TRUSTEE 0.50 X 0 0 0 MARY STERK TRUSTEE 0.50 X 0 0 0 MARK WARD TRUSTEE 0.50 X 0 0 0 JANE SCHEY TRUSTEE 0.50 X 0 0 0 PAM DUZIK TRUSTEE 0.50 X 0 0 0 SR KATHY KNIPPER TRUSTEE 0.50 X 0 0 0 LISA BERTRAND TRUSTEE 0.50 X 0 0 0 OSCAR GOMEZ TRUSTEE 0.50 X 0 0 0 DARRELL JESSE TRUSTEE 0.50 X 0 0 0 DAN MOORE TRUSTEE 0.50 X 0 0 0 DR PATRICK WALSH TRUSTEE 0.50 X 0 0 0 RACHELLE KECK PRESIDENT, BOARD SECRETARY 40.00 X X 283860 0 15568 PATRICK JACOBSON-SCHULTE VP, FINANCE/TREASURER 40.00 X X 142703 0 11226 TINA STROUD VP FOR UNIVERSITY RELATIONS 40.00 X X 91679 0 0 MATT THOMSEN VP FOR ENROLLMENT MANAGEMENT 40.00 X X 88717 0 23329 TODD KNEALING VP FOR ACADEMIC AFFAIRS 40.00 X X 114516 0 13898 SR PAT DOODY VP FOR MISSION AND LEADERSHIP 40.00 X X 39294 0 7602 NIC SCANDRETT VP FOR OPERATIONS AND ATHLETICS 40.00 X X 100083 0 23329 PATRICK CROSS PROGRAM DIRECTOR, DPT 40.00 X 146000 0 4490 MARK ROSSI PROFESSOR, BUSINESS ADMINISTRATION 40.00 X 136948 0 31105 PATRICK HAUER PROF & ASST PROG DIRECTOR, DPT 40.00 X 131363 0 14390 BRIAN WIENK ASSOCIATE PROFESSOR, DPT 40.00 X 111850 0 23329 CORTNI KRUSEMARK ASSISTANT PROFESSOR, OCC 40.00 X 106750 0 18200 1493763 0 186466 9 0 1 0 ARAMARK SERVICES 3303 REBECCA STREET SIOUX CITY IA 51104 FOOD SERVICE 1374135 ENCOURA LLC 75 REMITTANCE DR DEPT 1 CHICAGO IL 60675 RECRUITING/ADVERTISING 321328 KOSKOVICH MURPHY DEVELOPMENTS LLC 2106 3RD ST SIOUX CITY IA 51101 BASEBALL CONSTRUCTION 312072 ELECTRIC INNOVATIONS 2300 7TH STREET SIOUX CITY IA 51106 IT/NETWORK MANAGEMENT/CONSULTING 309480 ELLUCIAN LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 IT/NETWORK MANAGEMENT/CONSULTING 238483 5 6432622 2118252 73397 8550874 STUDENT TUITION/FEES 611310 24148381 24148381 AUXILIARY ENTERPRISES 611310 3846687 3627144 219543 27995068 377607 377607 18248 0 18248 18248 18248 592671 670987 -78316 -78316 -78316 171607 158986 12621 12621 OTHER REVENUE 611310 197893 197893 197893 37073995 27788146 0 734975 14201613 14201613 721475 203233 426563 91679 9918135 9904396 -107375 121114 58058 55155 1742 1161 1781887 1692792 53457 35638 745747 708460 22372 14915 6810 6810 76500 76500 92671 92671 1717872 1030723 687149 322046 289841 32205 1202428 1118981 34729 48718 484913 436422 48491 1836561 1103364 733197 326430 310108 9793 6529 837 837 365317 219190 146127 1471561 882937 588624 510698 306419 204279 ALL OTHER EXPENSES 669601 669601 EQUIP RENTAL/ MAINTENAN 392791 361368 27495 3928 SPECIAL EVENT EXPENSES 213558 128135 85423 MEMBERSHIP & DUES 57386 52795 4017 574 37174895 33676370 3174269 324256 10700 5556 5393889 2204266 1481725 3082131 510077 827181 65000 65000 50186335 32036640 17719273 18149695 18068044 17495475 1439298 1329249 44688006 43158553 1724740 1659605 311366 1632485 10000852 9657503 3998322 2579487 16035280 15529080 X 9134875 8765396 19517851 18864077 28652726 27629473 44688006 43158553 X -100900 -946922 24569 X X 0 1 X 1 1 1 X 0 0 0 1 0 1 12720 1 0 0 12720 0 PART II-B, LINE 1: ON A LIMITED NUMBER OF OCCASIONS, THE PRESIDENT OF THE UNIVERSITY MAY CALL LEGISLATORS OR THEIR STAFF TO DISCUSS MATTERS OF INTEREST TO THE UNIVERSITY, OR MAY VISIT THEM FOR A BRIEF MEETING AS AN INCIDENTAL PART OF A BUSINESS TRIP. STUDENTS ARE ENCOURAGED TO WRITE LETTERS TO LEGISLATORS WITH CONCERNS REGARDING FINANCIAL AID AND HIGHER EDUCATION. THE UNIVERSITY'S LOBBYING EXPENSES ARE PART OF YEARLY DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. 20565457 1640576 -575356 500000 21130677 17085946 640022 4084643 1195106 50048 20565457 16276558 292602 1150982 616275 17921 17085946 14199125 2479816 283955 615029 0 71309 16276558 13015759 444376 1374248 576093 0 59165 14199125 0.27050 0.72950 0 0 93975 93975 38140593 21547851 16592742 9272505 8617344 655161 2679262 1871445 807817 18149695 2579487 2579487 X 23382350 -946922 48131 158986 -739805 24122155 92671 12859169 12951840 37073995 24405603 48131 158986 207117 24198486 92671 12883738 12976409 37174895 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES FROM CERTAIN ACTIVITIES NOT SUBTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATEDTRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAXES. AT MAY 31, 2023 AND 2022, THE UNIVERSITY HAD NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. 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 MAY 31, 2023 AND 2022. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PART V, LINE 4: BRIAR CLIFF UNIVERSITY USES ITS ENDOWMENT FUNDS TO PROVIDE GRANTS AND SCHOLARSHIPS, AS WELL AS FUNDS FOR PROGRAM RELATED ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 158,986. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,883,738. LOAN LOSS AND CANCELLATIONS -24,569. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 158,986. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,883,738. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIALLY NONDISCRIMINATROY POLICY IS PRINTED IN ALL STUDENT HANDBOOKS, UNIVERSITY CATALOGS, AND IS AVAILABLE ON THE UNIVERSITY WEBSITE. THE RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE TO ALL UNIVERSITY COMMUNITY MEMBERS AND PROSPECTIVE STUDENTS. SCHEDULE E, PART I, LINE 6 BRIAR CLIFF UNIVERSITY RECEIVED STUDENT FINANCIAL AID FROM BOTH FEDERAL AND STATE GOVERNMENTAL AGENCIES. BRIAR CLIFF UNIVERSITY ALSO RECEIVED TRIO GRANT MONEY FROM THE FEDERAL GOVERNMENT. 0 ACADEMIC EXCELLENCE 1183 6206381 CONTINUING EDUCATION AWARDS 237 1002190 BRIAR CLIFF DEPT SCHOLARSHIPS 47 88976 MINORITY AWARDS 61 229250 BRIAR CLIFF GRANTS 788 360850 ATHLETIC SCHOLARSHIPS 906 4213684 CARES ACT STUDENT FINANCIAL ASSISTANCE 553 1317875 BRIAR CLIFF ASSISTANCE 414 782407 PART I, LINE 2 THE VICE PRESIDENT FOR FINANCE COLLECTS GRANT AWARD LETTERS AND INSTRUCTIONS FROM THE GRANTING AGENCIES OF THE BRIAR CLIFF UNIVERSITY (BCU) GRANT MANAGERS. THE VICE PRESIDENT FOR FINANCE KEEPS A FISCAL FILE FOR EACH GRANT, INCLUDING AWARD LETTERS, INSTRUCTIONS, ANNUAL ACCOUNTING RECORDS, AND FINANCIAL REPORTS SUBMITTED TO THE GRANTORS. EITHER THE VICE PRESIDENT FOR FINANCE OR THE GRANT MANAGER SUBMITS REPORTS TO AGENCIES, DEPENDING ON THE GRANT. THE VICE PRESIDENT FOR FINANCE CREATES A BUDGET FOR EACH GRANT IN THE GRANTS FUND, BASED ON AWARD LETTERS AND INPUT FROM THE BCU GRANT MANAGERS. IF THE GRANT ALLOWS, GRANT MANAGERS MAY REQUEST MAY REQUEST BUDET TRANSFERS WITHIN THEIR GRANT, WHICH THE VICE PRESIDENT FOR FINANCE OR THE ASSISTANT VICE PRESIDENT FOR FINANCE ENTER IN DATATEL. THE GRANT MANAGER SIGNS OFF ON EXPENDITURES FOR THE GRANT. THE VICE PRESIDENT FOR FINANCE REVIEWS ALL GRANT EXPENDITURES MONTHLY, WITH MORE IN-DEPTH REVIEW AS NEEDED FOR REPORTING TO GRANTORS. THE VICE PRESIDENT FOR FINANCE RECONCILES GRANT EXPENDITURES ANNUALLY ANNUALY FISCAL YEAR AND THE GRANT FISCAL YEAR, IF DIFFERENT FINANCIAL AID GRANTS ARE APPROVED AND REPORTED BY THE FINANCIAL AID DEPARTMENT. CHECKS FOR THE GRANT REVENUES ARE RECEIVED IN THE BUSINESS OFFICE: SOME AGENCIES MAIL THEM TO GRANT MANAGERS, WHO THEN TURN THEM IN TO THE BUSINESS OFFICE FOR DEPOSIT. SOME AGENCIES PAY BCU THROUGH DIRECT DEPOSIT INTO BCU CHECKING ACCOUNTS. THE VICE PRESIDENT FOR FINANCE DRAWS DOWN FEDERAL GRANT FUNDS ELECTRONICALLY THROUGH THE ONLING G5 SYSTEM: DRAWDOWNS ARE USUALLY DONE MONTHLY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RACHELLE KECK PRESIDENT, BOARD SECRETARY 283860 0 0 0 0 0 0 0 0 0 283860 0 0 0 PATRICK CROSS PROGRAM DIRECTOR, DPT 146000 0 0 0 0 0 0 0 0 0 146000 0 0 0 PATRICK JACOBSON-SCHULTE VP, FINANCE/TREASURER 142703 0 0 0 0 0 0 0 0 0 142703 0 0 0 MARK ROSSI PROFESSOR, BUSINESS ADMINISTRATION 136948 0 0 0 0 0 0 0 0 0 136948 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVED A HOUSING ALLOWANCE AND CONTRY CLUB MEMBERSHIP. BOTH WERE INCLUDED AS PART OF THEIR TAXABLE INCOME ON THEIR W-2. X 3 28397 FAIR MARKET VALUE X EQUIPMENT 1 45000 THRIFT SHOP VALUE 0 0 1 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: BRIAR CLIFF UNIVERSITY USES A THIRD PARTY TO PROCESS AND SELL ANY SECURITIES RECEIVED AS CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER OF TRUSTEES OF THE CORPORATION SHALL NOT BE FEWER THAN FIVE (5) NOR MORE THAN THIRTY (30). AT EACH ANNUAL MEETING OF THE TRUSTEES, THE TOTAL NUMBER OF TRUSTEES FOR THE SUCCEEDING YEAR SHALL BE SET AND THE TRUSTEES SHALL ELECT NEW TRUSTEES BY MAJORITY VOTE TO HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING AND EACH TRUSTEE EXCEPT THOSE LISTED BELOW SHALL HOLD OFFICE FOR A TERM OF THREE YEARS AND MAY SUCCEED HIMSELF OR HERSELF FOR TWO TERMS ONLY. THE FOLLOWING REPRESENTATIVES SHALL AT ALL TIMES BE MEMBERS OF THE BOARD OF TRUSTEES: (1) THE PRESIDENT OF THE SISTERS OF ST. FRANCIS OF DUBUQUE, IOWA OR HER DESIGNEE. THE PRESIDENT OR HER DESIGNEE SHALL ALSO SERVE AS CHAIRPERSON OF THE BOARD OF TRUSTEES. (2) THREE ADDITIONAL SISTERS TO BE SELECTED BY THE PRESIDENT OF THE SISTERS OF ST. FRANCIS OF DUBUQUE, IOWA. (3) THE BISHOP OF THE CATHOLIC DIOCESE OF SIOUX CITY, SIOUX CITY, IOWA OR HIS DESIGNEE. (4) THE PRESIDENT OF BRIAR CLIFF UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT FIRM OF HENJES, CONNER & WILLIAMS, P.C. PREPARES THE 990 WITH DATA FROM THE ANNUAL AUDIT AND OTHER DATA PROVIDED BY THE ASSISTANT VICE PRESIDENT FOR FINANCE. THE VICE PRESIDENT FOR FINANCE AND THE PRESIDENT THEN REVIEW THE FORM 990. AFTER THE VICE PRESIDENT FOR FINANCE AND THE PRESIDENT'S REVIEW, THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR THE REVIEW, QUESTIONS AND COMMENTS. AT THE END OF THIS PROCESS THE FORM 990 IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BRIAR CLIFF UNIVERSITY HAS EACH MEMBER OF THE BOARD OF TRUSTEES COMPLETE AND SIGN A CONFLICT OF INTEREST STATMENT ON AN ANNUAL BASIS. ADDITIONALLY, BRIAR CLIFF UNIVERSITY PERSONNEL WHO CONTACT VENDORS ARE MADE AWARE OF BOARD RELATIONSHIPS AND PROCEED ACCORDINGLY. A TRUSTEE HAVING A CONFLICT OF INTEREST IN A MATTER BEFORE THE BOARD IS PRECLUDED FROM PARTICIPATING IN DISCUSSION OR ACTION ON THE MATTER, AND MUST EXCUSE THEMSELVES FROM THE MEETING FOR THAT AGENDA ITEM. REMAINING MEMBERS WILL DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. ACTIONS RESULTING FROM CONFLICTS OF INTEREST ARE DOCUMENTED AND RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 BRIAR CLIFF UNIVERSITY (BCU) HAS AN AUDIT COMMITTEE AS PART OF THE BOARD OF TRUSTEES THAT REVIEWS AND DISCUSSES THE SALARIES FOR THE PRESIDENT AND VICE PRESIDENTS. COMPARISONS ARE MADE TO OTHER IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INSTITUTIONS TO SEE IF BCU OFFICERS ARE COMPENSATED APPROPRIATELY. SALARY RECOMMENDATIONS ARE ALSO MADE BASED ON THESE COMPARISONS. THE COMPENSATION COMMITTEE MET IN OCTOBER 2019 IN A MINUTED MEETING TO REVIEW AND DISCUSS THE SALARY AND OTHER COMPENSATORY MATTERS FOR THE PRESIDENT AND VICE PRESIDENTS. FORM 990, PART VI, SECTION C, LINE 19 BRIAR CLIFF UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE UNIVERSITY'S FORM 990 IS ALSO ON GUIDESTAR'S WEBSITE. FORM 990, PART XI, LINE 9: LOAN LOSS AND CANCELLATIONS 24,569.