2024-05-08T12:11:22-05:00 2023-07-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-08-01 460224588 AUGUSTANA UNIVERSITY ASSOCIATION AUGU 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 SHANNAN NELSON CFO 6052744090 2024-05-02 1 SHANNAN NELSON XXX-XX-XXXX 0 SARAH HINTZ P00492291 3037795710 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AUGUSTANA UNIVERSITY STEPHANIE HERSETH SANDLIN 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 57197 167656627 0 X WWW.AUGIE.EDU X 1860 SD A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH. 26 26 1603 1575 -67865 0 61357890 38816583 75253237 84326223 7201707 4862266 -61117 -141733 143751717 127863339 38879011 42941514 0 0 34878085 37770253 0 0 1985345 24222517 30329675 97979613 111041442 45772104 16821897 318945864 354207088 105606981 120149055 213338883 234058033 INSPIRED BY LUTHERAN SCHOLARLY TRADITION AND THE LIBERAL ARTS, AUGUSTANA PROVIDES AN EDUCATION OF ENDURING WORTH THAT CHALLENGES THE INTELLECT, FOSTERS INTEGRITY AND INTEGRATES FAITH WITH LEARNING AND SERVICE IN A DIVERSE WORLD. 0 0 82344855 42941514 69376444 HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY. 11504899 0 10964744 HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS THROUGH THE BOOKSTORE BY SELLING BOOKS AND OTHER INSTRUCTIONAL MATERIALS AND PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS. 4653210 0 3985035 HIGHER EDUCATION ACADEMIC SUPPORT: INCLUDES ACADEMIC SUPPORT THROUGH EXTENSIVE LIBRARY HOLDINGS IN BOOKS, JOURNALS AND ONLINE RESOURCES AS WELL AS AUDIOVISUAL EQUIPMENT AND MATERIALS. INCLUDES OTHER ACTIVITIES RELATED TO SERVING THE STUDENTS AND THE CAMPUS COMMUNITY. 98502964 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2959 0 1 1603 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH OR SC MA X X CAROL SPILLUM 6052744090 2001 S SUMMIT AVE SIOUX FALLS SD 57197 JILL AANENSON CHAIR 4.00 X X 0 0 0 PAT MCADARAGH VICE CHAIR 4.00 X X 0 0 0 MELINDA KEITH SECRETARY 4.00 X X 0 0 0 MANAAL ALI TRUSTEE 4.00 X 0 0 0 SCOTT BARTH TRUSTEE 4.00 X 0 0 0 MARIA BELL TRUSTEE 4.00 X 0 0 0 DENNIS BLY TRUSTEE 4.00 X 0 0 0 CHERYL COLLINS TRUSTEE 4.00 X 0 0 0 BLAINE CRISSMAN TRUSTEE 4.00 X 0 0 0 GREG DANIELS TRUSTEE 4.00 X 0 0 0 TOM DAVIS TRUSTEE 4.00 X 0 0 0 ANDREA DEGROOT-NESDAHL TRUSTEE 4.00 X 0 0 0 DAMIEN FAIR TRUSTEE 4.00 X 0 0 0 PAUL HARMEL TRUSTEE 4.00 X 0 0 0 RICKARD HEDEBY TRUSTEE 4.00 X 0 0 0 H EUGENE HOYME TRUSTEE 4.00 X 0 0 0 JILLIAN KLEIN TRUSTEE 4.00 X 0 0 0 CHERYL LEUNING TRUSTEE 4.00 X 0 0 0 PAUL LIMBURG TRUSTEE 4.00 X 0 0 0 CRAIG LLOYD TRUSTEE 4.00 X 0 0 0 JEANELLE LUST TRUSTEE 4.00 X 0 0 0 RON MOQUIST TRUSTEE 4.00 X 0 0 0 KEVIN NYBERG TRUSTEE 4.00 X 0 0 0 MOHAMMED ZEESHAN QAMAR TRUSTEE 4.00 X 0 0 0 NYLA SCHOELD TRUSTEE 4.00 X 0 0 0 KEITH SEVERSON TRUSTEE 4.00 X 0 0 0 KATHY WALSH TRUSTEE 4.00 X 0 0 0 TODD WILLIAMS TRUSTEE 4.00 X 0 0 0 STEPHANIE HERSETH SANDLIN PRESIDENT 40.00 X 318307 0 45845 SHANNAN NELSON CFO 40.00 X 204433 0 29037 COLIN IRVINE VPAA 40.00 X 178910 0 30270 THOMAS BILLETER HEAD BASKETBALL COACH 40.00 X 380733 0 21988 PAMELA HOMAN CHIEF STRATEGY OFFICER 40.00 X 177029 0 20951 MATTHEW VOLANSKY DIR, DPT PROGRAM 40.00 X 160000 0 9540 GARRET RABOIN HEAD HOCKEY COACH 40.00 X 148190 0 28010 1567602 0 185641 16 0 1 0 CLARK CONSTRUCTION LLC 7500 OLD GEORGETOWN RD 7TH BETHESDA MD 20814 CONSTRUCTION 15053080 SODEXO INC 2001 S SUMMIT AVE BOX 786 SIOUX FALLS SD 571970001 FOOD SERVICE 4095251 BECK & HOFER CONSTRUCTION COMPANY PO BOX 457 SIOUX FALLS SD 57101 CONSTRUCTION 1010764 MAMMOTH SPORTS CONSTRUCTION 601 E WYANDOTTE ST MERIDEN KS 66512 CONSTRUCTION 480499 G & R CONTROLS INC PO BOX 85661 SIOUX FALLS SD 571185661 HEATING & COOLING SERVICES 335228 14 71100 2214712 36530771 294439 38816583 TUITION AND FEES 611310 69376444 69376444 AUXILIARY ENTERPRISES 611710 10964744 10964744 EDUCATIONAL ACTIVITIES 611710 2650442 2650442 OTHER SOURCES 611710 1334593 1334593 84326223 4305313 -39868 4345181 153942 383312 -229370 -229370 -27997 -201373 39722933 95201 39216824 44357 506109 50844 556953 556953 222472 71100 133301 89171 89171 13960 15494 -1534 -1534 127863339 84326223 -67865 4788398 40797470 40797470 2144044 2144044 796915 540956 255959 27841201 23545249 3441790 854162 1327314 1068196 207500 51618 5888969 4556173 1091904 240892 1915854 1535630 301646 78578 340814 7244 333570 82276 82276 5376 5376 171481 171481 3796742 2725463 983949 87330 453748 336103 81185 36460 512126 337445 174681 1018728 857243 66112 95373 2474979 1914612 520907 39460 2009569 1796307 155702 57560 620302 518855 77097 24350 3367172 2714440 652732 5135570 4701532 412336 21702 767500 270073 495305 2122 FOOD & PROVISIONS 5420718 5247487 70653 102578 SUPPLIES 2346266 1998636 328554 19076 TECHNICAL EQUIPMENT 559504 540049 19141 314 EQUIPMENT MAINTENANCE 251518 223731 27587 200 995286 661606 316069 17611 111041442 98502964 10553133 1985345 13953083 11798134 59528401 32130082 19178534 26537880 3042120 5155273 124121 127291 712144 1140389 238967101 76602731 116265418 162364370 77289242 86451213 26573930 26155835 2278871 1801989 0 544632 318945864 354207088 10836963 11960063 4143237 3600756 2491831 5767082 86415113 74239089 859178 700998 21817564 860659 2063503 105606981 120149055 X 46958421 74561837 166380462 159496196 213338883 234058033 318945864 354207088 X 16821897 3973539 -76286 X X 0 1 X 1 1 1 X 10073213 19734681 21643792 61357890 38816583 151626159 10073213 19734681 21643792 61357890 38816583 151626159 35464960 116161199 1843300 2309952 4083680 4310952 4279636 16827520 152679 152679 269539 98255 164991 264362 222472 1019619 169625977 377199740 0.68480 0.66670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2018 AMOUNT: $ 269,539. 2019 AMOUNT: $ 98,255. 2020 AMOUNT: $ 132,573. 2021 AMOUNT: $ 264,362. 2022 AMOUNT: $ 222,472. INSURANCE PROCEEDS - 2020 AMOUNT: $ 32,418. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 5376 5376 0 PART II-B, LINE 1: THE FIVE MEMBER COLLEGES OF THE SOUTH DAKOTA FOUNDATION FOR INDEPENDENT COLLEGES HAVE AGREED TO SHARE EQUALLY IN THE EXPENSES FOR A LOBBYIST. THE AMOUNT REPORTED REFERENCES AUGUSTANA'S PORTION. 2 320000 166000 3488281 1 1 0 161138 X X X 0 0 1 X 108384198 5067851 7110409 5191166 97814 115273478 114087452 5960623 -6658198 5005679 108384198 92324562 3185189 23553768 4976067 114087452 89799218 2704650 4536438 4715744 92324562 88560277 2905812 2167919 3834789 89799219 0.01733 0.76862 0.21405 1 0 985377 985377 152174324 59793027 92381297 14827402 4712499 10114903 15403910 12097205 3306705 55576088 55576088 162364370 OTHER INVESTMENTS 5132771 F CSV OF LIFE INS POLICIES 1312177 C HEDGE FUNDS AND PARTNERSHIPS 15655908 F REAL ESTATE AND COMMODITIES FUNDS 4054979 F 26155835 ANNUITY OBLIGATIONS 1536277 LEASE LIABILITY 527226 2063503 X 89298307 3973539 532107 4505646 84792661 171481 42899197 43070678 127863339 68579157 608393 608393 67970764 171481 42899197 43070678 111041442 PART III, LINE 4: THE COLLECTION CONSISTS OF SIX PAINTINGS OF HISTORICAL EVENTS THAT ARE AVAILABLE FOR PUBLIC VIEWING. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS INCLUDE THE ESTIMATED LIABILITY UNDER VARIABLE CHARITABLE TRUSTS AND FUNDS HELD UNDER AGENCY RELATIONSHIPS. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY RELATED TO SCHOLARSHIPS AND TO SUPPLEMENT SALARY AND EXPENSE BUDGETS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT AUGUSTANA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, AUGUSTANA IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY UNRELATED INCOME UNDER SECTION 511 OF THE CODE. AUGUSTANA FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED AUGUSTANA'S TAX POSITIONS AND CONCLUDED THAT AUGUSTANA HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AUGUSTANA FILES AN INFORMATIONAL 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION. AUGUSTANA HAS NO FEDERAL OR STATE EXAMINATIONS CURRENTLY IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 15,494. SPECIAL EVENT EXPENSES 133,301. RENTAL EXPENSES 383,312. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 42,899,197. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 133,301. COST OF GOODS SOLD 15,494. RENTAL EXPENSES 383,312. ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE 76,286. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 42,899,197. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL OF AUGUSTANA'S BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS INCLUDE THE RACIALLY NONDISCRIMINATORY POLICY. FURTHERMORE, ALL WRITTEN ADVERTISING GIVEN TO PROSPECTIVE STUDENTS CONTAINS THE POLICY STATEMENT. SCHEDULE E, PART I, LINE 6 AUGUSTANA UNIVERSITY RECEIVED FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF SOUTH DAKOTA. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 4547553 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 5564426 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 121536 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 602544 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 187676 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 37000 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 34400 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 105690 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 283568 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 652290 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 119340 0 0 0 0 0 0 11200825 1055198 12256023 INSTITUTIONAL AID CENTRAL AMERICA AND THE CARIBBEAN 5 121536 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EAST ASIA AND THE PACIFIC 26 602544 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 13 187676 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID MIDDLE EAST AND NORTH AFRICA 2 37000 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID NORTH AMERICA 1 34400 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID RUSSIA AND NEIGHBORING STATES 4 105690 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH AMERICA 9 283568 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH ASIA 31 652290 STUDENT ACCOUNT N/A N/A INSITUTIONAL AID SUB-SAHARAN AFRICA 14 119340 STUDENT ACCOUNT N/A N/A 1 0 1 1 0 0 PART I, LINE 2: AUGUSTANA HAS A POLICY AND PROCEDURE MANUAL THAT IS FOLLOWED WHEN DETERMINING NEED AND THE ORDER IN WHICH GRANTS ARE AWARDED TO STUDENTS. GRANT FUNDS ARE MONITORED THROUGH ELECTRONIC COMPLIANCE CHECKS IN OUR STUDENT DATA SOFTWARE. CHECKS AND BALANCES ARE IN PLACE TO ENSURE PROPER AUTHORIZATION AND DISBURSEMENT OF FEDERAL FUNDS. INDIVIDUALS THAT HAVE RESPONSIBILITY FOR THESE FUNCTIONS ARE ORGANIZED INDEPENDENTLY FROM ONE ANOTHER. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: BOOSTER AUCTION 138606 49237 89369 5070 4635 14366 21427 BOOSTER MILANOVICH GOLF TOURNEY 48487 2400 46087 10874 13054 5238 3349 5 92570 19463 73107 3500 424 20891 13686 6351 279663 71100 208563 3500 16368 38580 33290 31127 122865 85698 1 AUGUSTANA GRANTS AND SCHOLARSHIPS 1714 36123304 0 N/A N/A ENDOWED AND ANNUAL SCHOLARSHIPS 966 4098111 0 N/A N/A SEOG GRANTS 304 576055 0 N/A N/A PART I, LINE 2: AUGUSTANA HAS A POLICY AND PROCEDURE MANUAL THAT IS FOLLOWED WHEN DETERMINING NEED AND THE ORDER IN WHICH GRANTS ARE AWARDED TO STUDENTS. GRANT FUNDS ARE MONITORED THROUGH ELECTRONIC COMPLIANCE CHECKS IN OUR STUDENT DATA SOFTWARE. CHECKS AND BALANCES ARE IN PLACE TO ENSURE PROPER AUTHORIZATION AND DISBURSEMENT OF FEDERAL FUNDS. INDIVIDUALS THAT HAVE RESPONSIBILITY FOR THESE FUNCTIONS ARE ORGANIZED INDEPENDENTLY FROM ONE ANOTHER. X X X 0 0 0 0 0 0 0 0 0 THOMAS BILLETER HEAD BASKETBALL COACH 380733 0 0 0 0 0 9231 0 12757 0 402721 0 0 0 STEPHANIE HERSETH SANDLIN PRESIDENT 318307 0 0 0 0 0 23753 0 22092 0 364152 0 0 0 SHANNAN NELSON CFO 204433 0 0 0 0 0 14620 0 14417 0 233470 0 0 0 COLIN IRVINE VPAA 178910 0 0 0 0 0 13030 0 17240 0 209180 0 0 0 PAMELA HOMAN CHIEF STRATEGY OFFICER 177029 0 0 0 0 0 12298 0 8653 0 197980 0 0 0 GARRET RABOIN HEAD HOCKEY COACH 148190 0 0 0 0 0 11200 0 16810 0 176200 0 0 0 MATTHEW VOLANSKY DIR, DPT PROGRAM 160000 0 0 0 0 0 9540 0 0 0 169540 0 0 0 A COUNTY OF LINCOLN SOUTH DAKOTA 466000082 53340EAD9 2021-05-11 75969441 CONSTRUCTION, EQUIP STUDENT HOUSING, INFRASTRUCTURE, AND REFUND PRIOR BONDS 0 0 0 A 76308356 1571075 4854256 1505406 44565266 20970925 2841428 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 10 294439 AVE HI/LO ON GIFT DATE 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION USES REALTORS, BROKERS, AND AUCTIONEERS AS NEEDED FOR SALES EXPERTISE. FORM 990, PART VI, SECTION A, LINE 1A CHAIRS OF COMMITTEES PLUS CHAIR/VICE CHAIR/SECRETARY OF THE BOARD CAN ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE AUGUSTANA UNIVERSITY ASSOCIATION IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA). THE CONGREGATIONAL MEMBERS OF THE ASSOCIATION CONSIST OF ALL ELCA CONGREGATIONS IN THE SOUTH DAKOTA SYNOD, NEBRASKA SYNOD, SOUTHWESTERN MINNESOTA SYNOD AND WESTERN IOWA SYNOD. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION CONSIST OF 160 DELEGATES- 40 DELEGATES FROM EACH OF THE FOUR SUPPORTING SYNODS - AND ALL ELECTED MEMBERS FOR THE BOARD OF TRUSTEES. EACH SYNOD MAY DEVELOP ITS OWN PROCESS FOR ELECTING OR APPOINTING VOTING DELEGATES PROVIDED THAT EACH ELCA DESIGNATED CONFERENCE OR CLUSTER WITHIN THE SYNOD IS REPRESENTED BY A MINIMUM OF ONE CLERGY DELEGATE AND ONE LAY DELEGATE. FORM 990, PART VI, SECTION B, LINE 11B STAFF PREPARE ANSWERS AND DOCUMENTATION WHICH IS REVIEWED BY THE ASSOCIATE VICE PRESIDENT FOR FINANCE PRIOR TO SUBMISSION TO THE PAID PREPARER. THE ASSOCIATE VICE PRESIDENT FOR FINANCE IS IN CONSTANT CONTACT WITH THE PAID PREPARER DURING THE FORM 990 PREPARATION PROCESS. PRIOR TO SUBMISSION, KEY AUGUSTANA STAFF AND SELECTED BOARD MEMBERS REVIEW THE DOCUMENT AND AUTHORIZE SUBMISSION. A COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY AND ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY FILE A STATEMENT REGARDING POTENTIAL CONFLICTS AND DISCLOSING ANY POTENTIAL ISSUES. WHEN A TRUSTEE BELIEVES THAT HE OR SHE MAY HAVE EITHER AN ACTUAL OR PERCEIVED CONFLICT WITH REGARD TO A PARTICULAR DECISION TO BE MADE BY THE TRUSTEES, THAT TRUSTEE WILL ADVISE THE OTHER TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY ABOUT THE ACTUAL OR POTENTIAL CONFLICT AND REFRAIN FROM VOTING ON THE ISSUE AND THE MINUTES OF THE MEETING SHALL INDICATE THAT THE TRUSTEE MADE A DISCLOSURE REGARDING AN ACTUAL OR POTENTIAL CONFLICT AND THAT THE TRUSTEE ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS CALCULATED WITHIN BUDGET CONSTRAINTS USING A VARIETY OF DATA GATHERING TOOLS. NATIONAL AVERAGE AND MEDIAN SALARY INFORMATION IS COLLECTED ALONG WITH AVERAGE AND MEDIAN INFORMATION FROM INSTITUTIONS OF SIMILAR SIZE AND PURPOSE. AMOUNTS ARE APPROVED THROUGH A BUDGETING PROCESS AND ARE THEN BROUGHT BEFORE THE BOARD OF TRUSTEES SUBCOMMITTEES, AND ULTIMATELY THE BOARD OF TRUSTEES FOR APPROVAL. IN THEIR SUPERVISORY ROLE OVER THE PRESIDENT, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INVESTS SPECIFIC TIME STUDYING THESE NUMBERS IN REGARD TO THE PRESIDENT'S SALARY. THEIR RECOMMENDATION IS USED TO CONVEY THE PRESIDENT'S CONTRACT AMOUNT TO THE VICE PRESIDENT FOR HUMAN RESOURCES EACH YEAR. THIS PROCESS LAST OCCURRED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE -76,286. FORM 990, PART XIII, LINE 2C: NO CHANGES TO THE AUDIT OVERSIGHT PROCESS FROM PRIOR YEAR. CHARITABLE REMAINDER UNITRUSTS (4) INVESTMENT SD AUGUSTANA UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1