2024-04-16T13:15:10-05:00 2023-06-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2022-07-01 420703280 ST AMBROSE UNIVERSITY STAM 5633336329 518 W LOCUST ST DAVENPORT IA 52803 MICHAEL C POSTER VP OF FINANCE 5633336329 2024-04-12 1 MICHAEL POSTER 999009999 0 REBECCA A RODRIGUEZ P01073764 2108286281 2024-04-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR AMY C NOVAK 518 W LOCUST ST DAVENPORT IA 52803 157678719 0 X SAU.EDU X 1885 IA ST AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 25 23 1491 299 385243 0 13433304 9237254 104736135 103112298 7737162 8535858 16279 61965 125922880 120947375 42537697 41124511 0 0 38503575 38452658 0 0 2024172 32391913 33837676 113433185 113414845 12489695 7532530 363252407 385748926 72976782 67609140 290275625 318139786 X ST. AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN, AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. 0 0 25078047 84897543 INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. NINE BACHELORS (62 MAJORS), TWELVE MASTERS AND THREE DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. 41124511 41124511 STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. 11110054 STUDENT SERVICES: ST. AMBROSE SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS. 10330442 17829512 AUXILIARY ENTERPRISES & ACTIVITIES: ST. AMBROSE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS. 1142961 INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT. 2650378 OTHER PROGRAM SERVICES INCLUDES INTEREST EXPENSE. 4839048 ACADEMIC SUPPORT 18962829 17829512 96275441 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 3458 0 1 1491 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 25 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AL IA LA MD MI NH SC WA X MICHAEL C POSTER 5633336329 518 W LOCUST ST DAVENPORT IA 52803 DR AMY C NOVAK PRESIDENT/BOARD SEC/TREASURER 40.00 X X 362401 0 38203 BISHOP THOMAS ZINKULA BOARD MEMBER & CHAIR 1.00 X X 0 0 0 DR DAN BRODERICK BOARD MEMBER & VICE CHAIR 1.00 X X 0 0 0 BRIAN BASSIER BOARD MEMBER 1.00 X 0 0 0 JOHN BEAR BOARD MEMBER 1.00 X 0 0 0 TOM BERTHEL BOARD MEMBER 1.00 X 0 0 0 KEN BRUNE BOARD MEMBER 1.00 X 0 0 0 EDMUND CARROLL BOARD MEMBER 1.00 X 0 0 0 RENEE CITERA BOARD MEMBER 1.00 X 0 0 0 PHIL DOHERTY BOARD MEMBER 1.00 X 0 0 0 LAURA EKIZIAN BOARD MEMBER 1.00 X 0 0 0 JAMES M FIELD UNTIL 12023 BOARD MEMBER 1.00 X 0 0 0 JOHN F HECKINGER BOARD MEMBER 1.00 X 0 0 0 THOMAS HIGGINS BOARD MEMBER 1.00 X 0 0 0 LYN KETELSEN BOARD MEMBER 1.00 X 0 0 0 MARK KILMER BOARD MEMBER 1.00 X 0 0 0 BRIAN LEMEK BOARD MEMBER 1.00 X 0 0 0 ELIZABETH LEMEK BOARD MEMBER 1.00 X 0 0 0 THOMAS MASON IV BOARD MEMBER 1.00 X 0 0 0 REV ROBERT MCALEER BOARD MEMBER 1.00 X 0 0 0 JOSEPH O'ROURKE BOARD MEMBER 1.00 X 0 0 0 CAROLINE RUHL BOARD MEMBER 1.00 X 0 0 0 PAUL SACHS BOARD MEMBER 1.00 X 0 0 0 PATRICIA SNYDER BOARD MEMBER 1.00 X 0 0 0 BREANN THOMPSON BOARD MEMBER 1.00 X 0 0 0 PAUL THOMPSON BOARD MEMBER 1.00 X 0 0 0 DR PAUL KOCH UNTIL 62023 VP ACADEMIC & STUDENT AFFAIRS 40.00 X 221383 0 35750 MICHAEL C POSTER VP FINANCE/BOARD ASST SEC/TREASURER 40.00 X 222456 0 36411 JAMES STANGLE UNTIL 32023 VP ADVANCEMENT 40.00 X 201057 0 21190 DR TOBY ARQUETTE VP COMMUNICATIONS & MARKETING 40.00 X 70410 0 7934 ANNE GANNAWAY VP ADVANCEMENT 40.00 X 99410 0 17008 LESHANE SADDLER UNTIL 62023 VP ENROLLMENT MANAGEMENT 40.00 X 176738 0 25158 MICHAEL CIPRIANO PROFESSOR 40.00 X 119768 0 15987 MARITZA ESPINA DEAN COLLEGE OF BUSINESS 40.00 X 181061 0 12809 JANENE FINLEY PROFESSOR 40.00 X 139316 0 9213 ARTHUR MOREAU PROFESSOR 40.00 X 133177 0 9050 PATRICK ARCHER DEAN CAS 40.00 X 144252 0 30432 2071429 0 259145 22 0 1 0 SODEXO CAMPUS SERVICES 518 W LOCUST STREET DAVENPORT IA 52803 FOOD SERVICES 4652440 ESTES CONSTRUCTION LLC 131 W 2ND STREET STE 400 DAVENPORT IA 52801 CONSTRUCTION 2892620 WFF FACILITY SERVICES 9202 S NORTHSHORE DR STE 202 KNOXVILLE TN 37922 JANITORIAL SERVICES 1606138 RYAN & ASSOCIATES 10955 160TH ST DAVENPORT IA 52804 CONSTRUCTION 994918 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 CONSULTANTS 953619 29 1892 279530 687695 8268137 492051 9237254 EDUCATION/GENERAL 611710 84897543 84897543 AUXILIARY ENTERPRISES 624410 18214755 17829512 385243 103112298 7195891 7195891 105462 69747 35715 35715 35715 37088341 865233 36349504 264103 738837 601130 1339967 1339967 74240 279530 47990 26250 26250 120947375 102727055 385243 8597823 41124511 41124511 1403903 239647 1024172 140084 29860021 25134242 3791153 934626 1629977 1365402 198475 66100 3397007 2700003 532282 164722 2161750 1767298 322008 72444 195745 195745 65125 65125 37500 37500 471364 471364 3920109 923154 2883166 113789 1839206 37944 1774927 26335 1060681 706150 272879 81652 1127800 1127800 2521606 2308163 167368 46075 1246823 1151492 57504 37827 6656 915 5741 2500759 2500759 6418684 5877278 411858 129548 661467 398332 246102 17033 FOOD COSTS 4709396 4670085 567 38744 EQUIPMENT & MAINTENANCE 2662754 2502031 127047 33676 LIBRARY BOOKS & BINDING 469846 469846 PUBLICATIONS & DUES 401971 228188 170753 3030 3520184 2170001 1231696 118487 113414845 96275441 15115232 2024172 5606179 8449391 14864920 3613915 2228492 1542904 2113397 2003670 1430736 1876841 239879434 96370766 137675897 143508668 162404853 180644959 36233949 43640161 672907 447340 21077 21077 363252407 385748926 10452423 9327689 2295532 2045602 50688398 50187239 144619 123195 9395810 5925415 72976782 67609140 X 245042902 269346923 45232723 48792863 290275625 318139786 363252407 385748926 X 7532530 17337581 2994050 X X 0 1 X 1 1 1 X 6371086 7081824 10843728 13433304 9237254 46967196 6371086 7081824 10843728 13433304 9237254 46967196 3657064 43310132 5640121 6030074 3633125 5869866 7301353 28474539 22669 62077 18518 5613 0 108877 75550612 504001698 0.57330 0.64120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 37500 0 0 37500 0 PART II-B, LINE 1: ST. AMBROSE UNIVERSITY UTILIZED THE USE OF A LOBBYIST TO ACCESS FEDERAL GRANTS AND OTHER FEDERAL FUNDS. 194047309 6236328 24255948 598450 223100 4445045 219272990 211916395 2125685 -17001497 760817 223100 2009357 194047309 169737263 3724744 42271143 644563 223100 2949094 211916393 171530907 1384246 2639101 721649 2171102 2929240 169732263 158227188 2844104 13409193 477792 136913 2334873 171530907 0.79240 0.11210 0.09550 1 0 1287239 8974768 10262007 5933419 181277403 74193482 113017340 6257216 3839798 2417418 24936838 18318804 6618034 11212551 18682 11193869 143508668 CASH VALUE OF LIFE INSURANCE 369635 F ALTERNATIVE INVESTMENTS 43270526 F 43640161 INTEREST RATE SWAPS 3138161 US GOVERNMENT GRANTS 1524808 ANNUITIES PAYABLE 1262446 5925415 X 99330298 17337581 88475 -574654 16851402 82478896 -28147 38496626 38468479 120947375 71466137 88475 -3568704 -3480229 74946366 -28147 38496626 38468479 113414845 PART V, LINE 4: TO FUND A SPECIFIED EDUCATIONAL PURPOSE, SUCH AS A SCHOLARSHIP, AWARD, ACADEMIC CHAIR, SUPPLIES, BUILDING, OR EQUIPMENT. PART X, LINE 2: 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 INCOME (UBI) 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 THE ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LEARNING HOUSE FEE NETTED WITH TUITION -574,654. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -69,747. INSTITUTIONAL GRANTS 37,943,736. GAIN (LOSS) ON FIXED ASSETS 601,130. OTHER EXPENSES NETTED WITH REVENUES 21,507. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP -2,994,050. LEARNING HOUSE FEE NETTED WITH TUITION -574,654. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE -69,747. INSTITUTIONAL GRANTS 37,943,736. GAIN (LOSS) ON FIXED ASSETS 601,130. OTHER EXPENSES NETTED WITH REVENUES 21,507. 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 RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL ARE INCLUDED ON THE UNIVERSITY WEBSITE. SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK-STUDY FEDERAL PERKINS LOAN PROGRAM FEDERAL PELL GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS: STAFFORD LOAN, PLUS LOAN HIGHER EDUCATION EMERGENCY RELIEF FUND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT POST-SECONDARY EDUCATION SCHOLARSHIP FOR VETERAN'S DEPENDENTS STATE OF IOWA PROGRAMS INCLUDE: IOWA TUITION GRANT GEAR UP IOWA NATIONAL GUARD EDUCATIONAL ASSISTANCE GRANT ALL IOWA OPPORTUNITY FOSTER CARE GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 148390 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 39122 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 18580213 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 21614150 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 37615 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 19910 0 0 0 0 0 0 40439400 0 40439400 1 0 1 0 1 0 PART III ACCOUNTING METHOD: WINE FESTIVAL 286095 250455 35640 14745 22137 40 GOLF OUTING 64200 25600 38600 5123 2470 1 3475 3475 3475 353770 279530 74240 18220 27260 2510 47990 26250 1 STUDENT SCHOLARSHIPS 2039 35554917 ATHLETIC SCHOLARSHIPS 938 3699399 EMPLOYEE SCHOLARSHIPS 129 1870195 PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS COMPLIANCE WITH GRANT/SCHOLARSHIP CRITERIA ON AN INDIVIDUAL STUDENT BASIS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR AMY C NOVAK PRESIDENT/BOARD SEC/TREASURER 334289 0 0 0 28112 0 15096 0 23107 0 400604 0 0 0 MICHAEL C POSTER VP FINANCE/BOARD ASST SEC/TREASURER 207439 0 0 0 15017 0 14925 0 21486 0 258867 0 0 0 DR PAUL KOCH UNTIL 62023 VP ACADEMIC & STUDENT AFFAIRS 201878 0 0 0 19505 0 14567 0 21183 0 257133 0 0 0 JAMES STANGLE UNTIL 32023 VP ADVANCEMENT 186126 0 0 0 14931 0 13143 0 8047 0 222247 0 0 0 LESHANE SADDLER UNTIL 62023 VP ENROLLMENT MANAGEMENT 155699 0 0 0 21039 0 4960 0 20198 0 201896 0 0 0 MARITZA ESPINA DEAN COLLEGE OF BUSINESS 181061 0 0 0 0 0 12111 0 698 0 193870 0 0 0 PATRICK ARCHER DEAN CAS 144252 0 0 0 0 0 10026 0 20406 0 174684 0 0 0 PART I, LINE 1A DR. AMY C. NOVAK (PRESIDENT/BOARD SEC/TREASURER) HAD A HOUSING ALLOWANCE OF $24,000. THIS WAS CONSIDERED TAXABLE COMPENSATION. MICHAEL C. POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), LESHANE SADDLER (VP OF ENROLLMENT MANAGEMENT), AND JAMES STANGLE (VP FOR ADVANCEMENT) RECEIVED SOCIAL CLUB DUES OF $4,625, $11,750, $12,200 AND $12,200, RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. DR. AMY C. NOVAK (PRESIDENT/BOARD SEC/TREASURER), MICHAEL C. POSTER (VP OF FINANCE), DR. PAUL KOCH (VP FOR ACADEMIC & STUDENT AFFAIRS), LESHANE SADDLER (VP FOR ENROLLMENT MANAGEMENT), JAMES STANGLE (VP FOR ADVANCEMENT), AND DR. TOBY ARQUETTE (VP OF COMMUNICATIONS & MARKETING) RECEIVED PERSONAL USAGE FROM UNIVERSITY ISSUED AUTOMOBILES OF $3,512, $9,792, $7,155, $8,239, $2,381, AND $2,666 RESPECTIVELY. THIS WAS CONSIDERED TAXABLE COMPENSATION ON THEIR W-2S. THE UNIVERSITY WILL NOT REIMBURSE INDIVIDUALS FOR TRAVEL, MEALS AND ENTERTAINMENT EXPENSES INCURRED FOR A SPOUSE, DEPENDENT OR OTHER INDIVIDUAL WHO ACCOMPANIES AN INDIVIDUAL ON A BUSINESS TRIP OR UNIVERSITY EVENT UNLESS THE PRESENCE OF THE SPOUSE, DEPENDENT OR OTHER INDIVIDUAL ON A TRIP OR AT A UNIVERSITY EVENT IS FOR A BONA FIDE BUSINESS PURPOSE. INDIVIDUALS MUST OBTAIN APPROVAL FOR THE EXPENSES RELATED TO SPOUSES, DEPENDENTS OR OTHER INDIVIDUALS FROM THE VICE PRESIDENT OF FINANCE PRIOR TO THEIR TRIP OR UNIVERSITY EVENT. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624606P6 2017-06-01 10805845 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2022-12-01 42370000 SEE PART VI 0 0 0 A 2100000 10805845 10605863 170713 2012 1 0 1 1 B 42370000 42370000 2009 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00480 0.00000 0.00480 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, COLUMN F - DESCRIPTION OF PURPOSE: LINE A, 2017 BONDS: ADVANCE REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY PRIVATE COLLEGE FACILITY BONDS ISSUED 12/16/2011. LINE B, 2022 BONDS: THE 2022 BONDS REFUNDED THE 2016 BONDS ISSUED FEBRUARY 1, 2016. SCHEDULE K, PART II, LINE 11 - OTHER SPENT PROCEEDS: COLUMN B, 2022 BONDS: REFUNDING THE IOWA HIGHER EDUCATION LOAN AUTHORITY VARIABLE RATE DEMAND PRIVATE COLLEGE FACILITY REVENUE AND REFUNDING BONDS ISSUED FEBRUARY 1, 2016. SCHEDULE K, PART IV, LINE 2C - DATE THE REBATE COMPUTATION PERFORMED: COLUMN A, 2017 BONDS: 09/13/2017 COLUMN B, 2022 BONDS: 11/23/2023 MARK KILMER BOARD MEMBER 61033 FAMILY MEMBERS OF MARK KILMER OWN MORE THAN 35% OF REPUBLIC COMPANIES THAT THE ORGANIZATION PAID FOR EQUIPMENT 0 X 14135 COST X 16 367861 AVG HIGH/LOW X FUNDRAISING ITEMS 37 55855 COST X MISCELLANEOUS 10 54200 COST 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PAGE 1, LINE 6, VOLUNTEER ACTIVITIES: FUNDRAISING EVENTS ALL HAVE VOLUNTEER COMMITTEES THAT HELP PLAN AND IMPLEMENT THESE EVENTS. OTHER VOLUNTEERS SERVE ON ADVANCEMENT COMMITTEES. THE ALUMNI BOARD HAS 29 MEMBERS WHO REPRESENT SAU AT CERTAIN ALUMNI EVENTS. THE FIGHTING BEE GOLF CLASSIC COMMITTEE HAS 6 MEMBERS WHO HOSTED THE FIGHTING BEE GOLF TOURNAMENT. THE WINE FESTIVAL COMMITTEE HAS 20 MEMBERS WHO PLANNED 3 FUNDRAISING EVENTS THIS YEAR: 2 WINE TASTING EVENTS AND 1 WINE DINNER. ALUMNI HAVE BEEN RECRUITED TO SERVE ON ADVISORY COUNCILS INCLUDING, THOSE REPRESENTING THE ACADEMIC COLLEGES, SPECIFIC PROGRAMS SUCH AS COMPUTER SCIENCE AND ENGINEERING, AS WELL AS ASPECTS OF STUDENT LIFE LIKE CAMPUS MINISTRY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF OFFICERS OF THE BOARD OF TRUSTEES AND THE CHAIRPERSONS OF EACH OF THE STANDING COMMITTEES (ACADEMIC AND STUDENT AFFAIRS, ADVANCEMENT, FINANCE AND INVESTMENT, BUILDINGS AND GROUNDS, ENROLLMENT MANAGEMENT, GOVERNANCE AND NOMINATING, AUDIT AND EVALUATION AND COMPENSATION OF THE PRESIDENT). THIS COMMITTEE MAY EXERCISE, WHEN THE FULL BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE POWERS VESTED IN THE BOARD OF TRUSTEES, EXCEPT: - THE POWER TO ELECT, APPOINT OR REMOVE TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES - THE POWER TO CHANGE MEMBERSHIP OF, OR TO FILL VACANCIES IN THE EXECUTIVE COMMITTEE - THE POWER TO APPOINT THE PRESIDENT OF THE UNIVERSITY - THE POWER TO MAKE, ALTER, RESTATE, AMEND OR REPEAL THE RESTATED ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION - THE POWER TO AUTHORIZE ANY SINGLE EXPENDITURE IN EXCESS OF $500,000 AND CUMULATIVE EXPENDITURES IN EXCESS OF $2,000,000 DURING ANY FISCAL YEAR - THE POWER TO ADOPT A PLAN OF MERGER OR CONSOLIDATION - THE RIGHT TO SELL, ENCUMBER, LEASE OR EXCHANGE OR MAKE OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OR TO EFFECT A VOLUNTARY DISPOSITION OF THE CORPORATION OR A REVOCATION THEREOF - ANY OTHER POWERS WHICH MAY BE EXPRESSLY OR SPECIFICALLY WITHHELD BY RESOLUTION OF THE BOARD OF TRUSTEES THE OFFICERS OF THE BOARD OF TRUSTEES ARE DEFINED AS THE CHAIR (THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DAVENPORT), THE VICE CHAIRS (TWO LAY MEMBERS OF THE BOARD), THE SECRETARY/TREASURER (PRESIDENT OF THE UNIVERSITY) AND THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT FOR FINANCE OF THE UNIVERSITY). THE ONLY MEMBER OF THE EXECUTIVE COMMITTEE WHO IS NOT A MEMBER OF THE BOARD OF TRUSTEES IS THE ASSISTANT SECRETARY/ASSISTANT TREASURER (VICE PRESIDENT OF FINANCE FOR THE UNIVERSITY). FORM 990, PART VI, SECTION A, LINE 2 LAURA EKIZIAN, CAROLINE RUHL, JIM FIELD, BRIAN BASSIER AND MARK KILMER - BUSINESS RELATIONSHIP BRIAN LEMEK AND ELIZABETH LEMEK - FAMILY RELATIONSHIP PAUL AND BREANN THOMPSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF IRS FORM 990 IS PROVIDED TO THE UNIVERSITY'S AUDIT COMMITTEE PRIOR TO THE JANUARY COMMITTEE MEETING. THE COMMITTEE REVIEWS THE 990 AND APPROVES THE RETURN SUBJECT TO ANY REQUESTED CHANGES. THE 990 IS THEN PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO THE APRIL BOARD OF TRUSTEES MEETING. THE BOARD REVIEWS AND APPROVES THE RETURN DURING THIS MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE. ALL MATERIAL PURCHASE ORDERS MUST BE APPROVED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE. ALL MATERIAL PURCHASES THAT WOULD REQUIRE APPROVAL UNDER THE CONFLICT OF INTEREST QUESTIONNAIRE WOULD BE IDENTIFIED DURING THESE REVIEWS. ON AN ANNUAL BASIS THE UNIVERSITY'S GENERAL ACCOUNTING OFFICE COMPARES THE RESPONSES IN THE CONFLICT OF INTEREST QUESTIONNAIRES TO THE UNIVERSITY'S ACCOUNTING RECORDS TO ENSURE THEY ARE COMPLETE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS AN EVALUATION AND COMPENSATION OF THE PRESIDENT COMMITTEE CURRENTLY COMPRISED OF JOHN BEAR, RENEE CITERA, PHIL DOHERTY, AND BISHOP THOMAS ZINKULA. IN ADDITION TO RECOMMENDING THE SALARY AND BENEFIT PACKAGE FOR THE PRESIDENT, THIS COMMITTEE ALSO HANDLES THE ANNUAL EVALUATION OF THE PRESIDENT. EVERY FIVE YEARS THE COMMITTEE OBTAINS A STUDY FROM A CONSULTING FIRM SPECIALIZING IN HUMAN RESOURCE MATTERS TO COMPARE THE SALARY AND BENEFITS OF THE UNIVERSITY'S PRESIDENT TO INDUSTRY MEDIANS FOR INSTITUTIONS OF HIGHER EDUCATION SIMILAR IN SIZE AND SCOPE. THIS STUDY LOOKS AT NATIONAL TRENDS IN ADDITION TO COMPENSATION LEVELS IN THE MIDWEST REGION. IN THE YEARS BETWEEN THESE STUDIES, THE COMMITTEE ALSO OBTAINS INDUSTRY DATA FROM SOURCES SUCH AS THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). GENERALLY IN LATE JUNE TO EARLY JULY, THE COMMITTEE ASKS THE PRESIDENT TO COMPLETE A SELF-EVALUATION OF HIS OR HER PERFORMANCE FOR THE PAST YEAR. THIS SELF-EVALUATION IS REVIEWED AND A SUMMARY OF THE PRESIDENT'S PERFORMANCE AND FUTURE GOALS IS COMPLETED BY THE COMMITTEE. THE COMMITTEE MEETS WITH THE PRESIDENT PRIOR TO THE OCTOBER BOARD MEETING TO DISCUSS HIS OR HER PERFORMANCE. THE COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE PRESIDENT AND COMPARES IT TO THE INDUSTRY DATA NOTED ABOVE. THE COMMITTEE THEN DELIBERATES AND RECOMMENDS A SALARY AND BENEFIT PACKAGE THAT WILL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL. THE DISCUSSION AND DECISION OF THE COMMITTEE IS DOCUMENTED IN THEIR MINUTES. THE SALARY AND BENEFIT PACKAGE IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL DURING THE OCTOBER BOARD MEETING. THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES IS DOCUMENTED IN THEIR MINUTES. THE FOLLOWING IS THE PROCESS FOR SETTING THE SALARY AND BENEFITS OF THE VICE PRESIDENTS AND KEY EMPLOYEES: THE COMPENSATION AND BENEFITS OF THE UNIVERSITY'S VICE PRESIDENTS AND KEY EMPLOYEES IS THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS THE PRESIDENT HAS EACH VICE PRESIDENT PREPARE A SELF EVALUATION. THE PRESIDENT REVIEWS THE SELF EVALUATION AND DOCUMENTS HIS OR HER EVALUATION OF THE VICE PRESIDENT'S PERFORMANCE. THE EVALUATION OF KEY EMPLOYEES IS THE RESPONSIBILITY OF THEIR DIRECT SUPERVISOR. THE PRESIDENT OBTAINS INDUSTRY DATA FROM CUPA-HR AND REVIEWS THE COMPENSATION AND BENEFIT LEVELS OF EACH VICE PRESIDENT AND KEY EMPLOYEE BEFORE SETTING THEIR SALARY AND BENEFITS. THE PRESIDENT THEN COMMUNICATES THIS INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED GAIN(LOSS) ON INTEREST RATE SWAP 2,994,050.