2025-06-13T12:05:22-05:00 2024-07-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-08-01 460224588 AUGUSTANA UNIVERSITY ASSOCIATION AUGU 6052744090 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 571970001 SHANNAN NELSON CFO 6052744090 2025-06-12 1 0 ANN NEIL P01817922 6123764500 2025-06-12 2023 2025-03-06 01:10:19Z AUGUSTANA UNIVERSITY STEPHANIE HERSETH SANDLIN 2001 SOUTH SUMMIT AVENUE SIOUX FALLS SD 571970001 157633310 0 X WWW.AUGIE.EDU X 1860 SD A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH. 25 25 1702 1575 4522 0 38816583 24918991 84326223 95409280 4862266 3671614 -141733 -116334 127863339 123883551 42941514 47811276 0 0 37770253 41377043 0 0 2278693 30329675 37322904 111041442 126511223 16821897 -2627672 354207088 361887059 120149055 120045798 234058033 241841261 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 96427307 47811276 78059397 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. 12065635 0 11879532 HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS. 4600559 0 5470351 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. 113093501 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 3031 0 1 1702 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH OR SC MA X X CAROL SPILLUM 6052744090 2001 S SUMMIT AVE SIOUX FALLS SD 571970001 JILL AANENSON CHAIR 4.00 X X 0 0 0 MELINDA KEITH VICE CHAIR 4.00 X X 0 0 0 TODD WILLIAMS SECRETARY 4.00 X X 0 0 0 RON MOQUIST TRUSTEE 4.00 X 0 0 0 MANAAL ALI TRUSTEE 4.00 X 0 0 0 PAUL HARMEL TRUSTEE 4.00 X 0 0 0 CRAIG LLOYD TRUSTEE 4.00 X 0 0 0 PAT MCADARAGH TRUSTEE 4.00 X 0 0 0 KEITH SEVERSON TRUSTEE 4.00 X 0 0 0 H EUGENE HOYME TRUSTEE 4.00 X 0 0 0 GREG DANIELS TRUSTEE 4.00 X 0 0 0 CHERYL LEUNING TRUSTEE 4.00 X 0 0 0 KEVIN NYBERG TRUSTEE 4.00 X 0 0 0 SCOTT BARTH TRUSTEE 4.00 X 0 0 0 DENNIS BLY TRUSTEE 4.00 X 0 0 0 MARIA BELL TRUSTEE 4.00 X 0 0 0 JILLIAN KLEIN TRUSTEE 4.00 X 0 0 0 CHERYL COLLINS 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 BLAINE CRISSMAN TRUSTEE 4.00 X 0 0 0 PAUL LIMBURG TRUSTEE 4.00 X 0 0 0 JEANELLE LUST TRUSTEE 4.00 X 0 0 0 MOHAMMED ZEESHAN QAMAR TRUSTEE 4.00 X 0 0 0 DALE HOIBERG TRUSTEE 4.00 X 0 0 0 KATHY WALSH TRUSTEE 4.00 X 0 0 0 STEPHANIE HERSETH SANDLIN PRESIDENT 40.00 X 359510 0 51467 SHANNAN NELSON CFO 40.00 X 192244 0 31226 GARRETT RABOIN HEAD HOCKEY COACH 40.00 X 222998 0 34202 PAMELA HOMAN CHIEF STRATEGY OFFICER 40.00 X 170086 0 25745 MATTHEW VOLANSKY DIR, DPT PROGRAM 40.00 X 159200 0 9540 JODI DEHLI HR GLOBAL COMPLIANCE SPECIALIST 40.00 X 144845 0 20724 JOEL JOHNSON PROVOST 40.00 X 131248 0 30312 1380131 0 203216 19 0 1 0 CLARK CONSTRUCTION 7500 OLD GEORGETOWN RD UNIT 7TH BETHESDA MD 20814 CONSTRUCTION SERVICES 44595487 SODEXO INC 2001 S SUMMIT AVENUE SIOUX FALLS SD 57197 FOOD SERVICE 5266925 MORTENSON DEVELOPMENT 700 MEADOW LN N MINNEAPOLIS MN 55422 CONSTRUCTION SERVICES 1592063 CHAMPION CONTRACTORS AND SERVICES 2300 GREENHILL DR STE 600 ROUND ROCK TX 78664 CONSTRUCTION SERVICES 1331805 YARD BARBERS PO BOX 280 TEA SD 57064 LAWN SERVICES 592293 22 84796 2031446 22802749 2043370 24918991 TUITION AND FEES 611310 78059397 78059397 AUXILIARY ENTERPRISES 611710 11879532 11879532 EDUCATIONAL ACTIVITIES 611710 4216035 4216035 OTHER SOURCES 611710 1254316 1254316 95409280 3569760 15146 3554614 226248 458481 -232233 -232233 -10624 -221609 32923781 362229 32709182 474974 214599 -112745 101854 101854 212919 84796 105467 107452 107452 10102 1655 8447 8447 123883551 95409280 4522 3550758 45459643 45459643 2351633 2351633 739742 509601 230141 31313576 26706907 3668078 938591 1405386 1179737 172496 53153 5779737 4533338 1020898 225501 2138602 1733318 322808 82476 51998 3106 48892 78220 78220 5125 5125 184394 184394 3835990 2486256 1189334 160400 472970 310043 106327 56600 529662 345766 145789 38107 1123636 930870 81354 111412 2649337 2085757 540248 23332 2899640 2741681 119600 38359 685582 598462 68822 18298 4236188 3517257 718931 7526407 7002614 497603 26190 946602 357018 586829 2755 FOOD & PROVISIONS 6058959 5849211 96886 112862 SUPPLIES 3237665 2869072 283785 84808 TECHNICAL EQUIPMENT 637611 407123 227365 3123 EQUIPMENT MAINTENANCE 303513 284294 19219 1859405 1335270 451550 72585 126511223 113093501 11139029 2278693 11798134 6541404 32130082 8533162 26537880 23203949 5155273 3517188 127291 110972 1140389 1136304 274161514 82952238 162364370 191209276 86451213 97692854 26155835 28144506 1801989 1325194 544632 472250 354207088 361887059 11960063 8110775 3600756 3214485 5767082 6840456 74239089 74139113 700998 979516 21817564 24717107 2063503 2044346 120149055 120045798 X 74561837 80965980 159496196 160875281 234058033 241841261 354207088 361887059 X -2627672 10761398 -350498 X X 0 1 X 1 1 1 X 19734681 21643792 61357890 38816583 24918991 166471937 19734681 21643792 61357890 38816583 24918991 166471937 45474826 120997111 2309952 4083680 4310952 4279636 3791486 18775706 98255 164991 264362 222472 115899 865979 186113622 399432209 0.65010 0.68480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2019 AMOUNT: $ 98,255. 2020 AMOUNT: $ 132,573. 2021 AMOUNT: $ 264,362. 2022 AMOUNT: $ 222,472. 2023 AMOUNT: $ 115,899. 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 5125 5125 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 0 320000 0 106000 0 4009242 0 1 1 0 161138 X X X 0 0 1 X 115273478 4055813 13167189 5871175 72832 126552473 108384198 5067851 7110409 5191166 97814 115273478 114087452 5960623 -6658198 5005679 108384198 92324562 3185189 23553768 4976067 114087452 89799218 2704650 4536438 4715744 92324562 0.01500 0.71100 0.27400 1 0 985377 985377 235912284 64681212 171231072 15704352 5347147 10357205 18418621 12923879 5494742 3140880 3140880 191209276 OTHER INVESTMENTS 4879965 F CSV OF LIFE INS POLICIES 1351986 C HEDGE FUNDS AND PARTNERSHIPS 17883540 F REAL ESTATE AND COMMODITIES FUNDS 4029015 F 28144506 ANNUITY OBLIGATIONS 1571692 LEASE LIABILITY 472654 2044346 X 87214882 10761398 565603 11327001 75887881 184394 47811276 47995670 123883551 79431654 916101 916101 78515553 184394 47811276 47995670 126511223 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 1,655. SPECIAL EVENT EXPENSES 105,467. RENTAL EXPENSES 458,481. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 47,811,276. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 105,467. COST OF GOODS SOLD 1,655. RENTAL EXPENSES 458,481. ACTUARIAL ADJUSTMENT FOR ANNUITIES PAYABLE 350,498. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 47,811,276. 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 5149611 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 5461931 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 152606 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 757286 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 139360 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 25000 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 267573 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 12500 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 317652 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 679656 0 0 0 0 0 0 11965867 997308 12963175 INSTITUTIONAL AID CENTRAL AMERICA AND THE CARIBBEAN 5 152606 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EAST ASIA AND THE PACIFIC 34 757286 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 7 139360 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID MIDDLE EAST AND NORTH AFRICA 1 25000 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID NORTH AMERICA 7 267573 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID RUSSIA AND NEIGHBORING STATES 1 12500 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH AMERICA 9 317652 STUDENT ACCOUNT N/A N/A INSTITUTIONAL AID SOUTH ASIA 24 679656 STUDENT ACCOUNT N/A N/A 1 0 1 1 1 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 BOOSTER AUCTION 145275 58278 86997 7685 4363 14588 19391 FOOTBALL GOLF TOURNEY 58147 500 57647 1213 11820 4475 4747 5 83044 22783 60261 2200 6082 9923 11317 286466 81561 204905 2200 8898 22265 28986 35455 97804 107101 1 AUGUSTANA GRANTS AND SCHOLARSHIPS 1781 40355433 N/A N/A ENDOWED AND ANNUAL SCHOLARSHIPS 1053 4580084 N/A N/A SEOG GRANTS 344 524126 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 STEPHANIE HERSETH SANDLIN PRESIDENT 359510 0 0 0 0 0 26810 0 24657 0 410977 0 0 0 GARRETT RABOIN HEAD HOCKEY COACH 222998 0 0 0 0 0 16800 0 17402 0 257200 0 0 0 SHANNAN NELSON CFO 192244 0 0 0 0 0 14620 0 16606 0 223470 0 0 0 PAMELA HOMAN CHIEF STRATEGY OFFICER 170086 0 0 0 0 0 12810 0 12935 0 195831 0 0 0 MATTHEW VOLANSKY DIR, DPT PROGRAM 159200 0 0 0 0 0 9540 0 0 0 168740 0 0 0 JODI DEHLI HR GLOBAL COMPLIANCE SPECIALIST 144845 0 0 0 0 0 6367 0 14357 0 165569 0 0 0 JOEL JOHNSON PROVOST 131248 0 0 0 0 0 10569 0 19743 0 161560 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 76769933 1549819 5718336 1505406 46329373 20970925 603093 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 SCHEDULE K PART II LINE 3 COLUMN A TOTAL PROCEEDS OF THE BOND ISSUE AS OF THE END OF THE 12-MONTH PERIOD IS NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E). EARNINGS ON THE PROCEEDS IS INCLUDED IN THE TOTAL PROCEEDS OF THE BOND ISSUE. X 8 2043370 AVE HI/LO ON GIFT DATE 1 0 1 1 PART I, COLUMN (B): COLUMN (B) IS 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 BOARD COMMITTES AND THE BOARD OFFICERS ARE ON AN EXECUTIVE COMMITTEE THAT CAN BE CALLED UPON TO MAKE DECISIONS BETWEEN BOARD MEETINGS, IF NEEDED. 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 BOARD MEMBERS ARE GIVEN ACCESS TO THE FULL RETURN ON THEIR WEB PORTAL AND GIVEN A CERTAIN LENGTH OF TIME TO PROVIDE COMMENTS PRIIOR TO FILING THE RETURN WITH THE IRS. 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 15 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 2023. 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 -350,498. 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