2026-04-14T20:17:09-05:00 2025-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-06-01 420680351 WARTBURG COLLEGE WART 3193528411 100 WARTBURG BLVD WAVERLY IA 50677 KELLY FLEGE VP FOR FINANCIAL INNOVATION 3193528411 2026-04-14 1 1 TROY E MARINE P00187863 4147775500 2026-04-14 2024 2025-03-06 01:10:19Z REBECCA EHRETSMAN 100 WARTBURG BLVD WAVERLY IA 50677 97865515 0 X WWW.WARTBURG.EDU X 1852 IA WARTBURG COLLEGE PROVIDES EDUCATIONAL PROGRAMS AND EXPERIENCES THAT CHALLENGE AND NURTURE STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. 30 27 1742 500 234370 27384 14253992 12997574 90636684 57425734 3562470 6410299 105869 197660 108559015 77031267 47919970 16294592 0 0 29495221 29137771 0 11741 1815113 28736053 28406730 106151244 73850834 2407771 3180433 242981582 249906700 83243739 80533368 159737843 169373332 WARTBURG COLLEGE IS DEDICATED TO CHALLENGING AND NURTURING STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE AS A SPIRITED EXPRESSION OF THEIR FAITH AND LEARNING. 0 0 31459001 16294592 37789124 INSTRUCTION OF STUDENTS ENROLLED AND THE RELATED ACADEMIC SUPPORT; 1,450 AND 1,340 FULL-TIME EQUIVALENT STUDENTS ENROLLED FOR FALL 2024 AND WINTER 2025 TERMS, RESPECTIVELY. 9282605 0 16747536 AUXILIARY SERVICES SUPPORT AND ENHANCE STUDENT LIFE BY PROVIDING QUALITY LIVING AND DINING OPTIONS AS WELL AS PROVIDING A CAMPUS STORE ON CAMPUS AND ONLINE; THERE WERE 1,193 AND 1,120 STUDENTS LIVING ON CAMPUS FOR THE FALL 2024 AND WINTER 2025 TERMS, RESPECTIVELY. 16456326 0 2471190 COLLEGE-SPONSORED YOUTH CAMPS, STUDENT ORGANIZATION FUNDRAISING INITATIVES, PRINT CENTER SERVICES, AND ALL OTHER PROGRAMS IN SUPPORT OF THE COLLEGE'S MISSION. 57197932 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 1874 0 1 1742 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X X CAROLYN HUGHES 3193528642 100 WARTBURG BLVD WAVERLY IA 506772215 DR REBECCA EHRETSMAN PRESIDENT 55.00 0.00 X X 353346 0 29799 MIKE MCCOY REGENT, CHAIRMAN - BOARD 15.00 0.00 X X 0 0 0 DR ANN ADAMS BULLOCK REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 SHARON CORRIGAN REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 DR DELFORD DOHERTY REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 BARBARA GAMEZ REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 MARK HANAWALT REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 RACHEL RIENSCHE REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 ANDREA WESTMEYER REGENT, VICE CHAIR - BOARD 5.00 0.00 X X 0 0 0 ALICIA FAUST REGENT 5.00 0.00 X 0 0 0 AMY KILGUS CHAMLEY REGENT 5.00 0.00 X 0 0 0 BEN SHANNO REGENT 5.00 0.00 X 0 0 0 DR KERRI BLOBAUM REGENT 5.00 0.00 X 0 0 0 DR MARILYN FLACHMAN REGENT 5.00 0.00 X 0 0 0 FELECIA BOONE REGENT 5.00 0.00 X 0 0 0 GORDON SWEEN REGENT 5.00 0.00 X 0 0 0 GREG SCHMITZ REGENT 5.00 0.00 X 0 0 0 JEN BYE CHRISTY REGENT 5.00 0.00 X 0 0 0 JIM BUCHHEIM REGENT 5.00 0.00 X 0 0 0 JIM LOVERIDGE REGENT 5.00 0.00 X 0 0 0 KIRK KLECKNER REGENT 5.00 0.00 X 0 0 0 MATT PETERSEN REGENT 5.00 0.00 X 0 0 0 MIKE MALLARO REGENT 5.00 0.00 X 0 0 0 MIKE MURPHY REGENT 5.00 0.00 X 0 0 0 REV AMY CURRENT REGENT 5.00 0.00 X 0 0 0 REV DR SHERMAN HICKS REGENT 5.00 0.00 X 0 0 0 REV KEVIN JONES REGENT 5.00 0.00 X 0 0 0 RUTH BAHE-JACHNA REGENT 5.00 0.00 X 0 0 0 STEVE MEIRINK REGENT 5.00 0.00 X 0 0 0 TAMMY JACKSON REGENT 5.00 0.00 X 0 0 0 DEBORA JOHNSON-ROSS VP, ACADEMIC AFFAIRS 55.00 0.00 X 159800 0 20523 SCOTT LEISINGER VP, INSTITUTIONAL ADVANCEMENT 55.00 0.00 X 149589 0 21929 RICHARD SEGGERMAN VP, FINANCE & ADMN (THROUGH 01/2025) 55.00 0.50 X 135208 0 41643 RICK WILLIS VP, STRATEGIC RECRUITMENT 55.00 0.00 X 146129 0 29862 GREG KNESER VP, STUDENT LIFE 55.00 0.00 X 143212 0 23335 BARB SCHULTZ CHIEF INFORMATION OFFICER 55.00 0.00 X 88189 0 32199 DAN BLACK PROFESSOR OF ENGINEERING SCIENCE 40.00 0.00 X 116667 0 13013 ZAK MONTGOMERY ASSOCIATE DEAN OF ACADEMIC AFFAIRS 40.00 0.00 X 114383 0 19112 LEE NELSON PROFESSOR OF MUSIC 40.00 0.00 X 101127 0 29009 1507650 0 260424 9 0 1 0 YOUNG PLUMBING AND HEATING COMPANY 750 S HACKETT RD WATERLOO IA 501013129 PLUMBING AND HEATING 777025 JENSPARK DBA SPARK451 PO BOX 845764 BOSTON MA 022845764 ADVERTISING/AGREEMENTS 715277 DYNAMIC CAMPUS SOLUTIONS INC 2806 FLINTROCK TRACE STE A205 AUSTIN TX 78738 TECHNOLOGY SUPPORT SERVICES 671344 HAWKEYE STAGES 703 DUDLEY STREET DECORAH IA 521012499 BUS CHARTER 373601 FBG SERVICE CORPORATION 407 S 27TH AVE OMAHA NE 681313699 CLEANING SERVICES 307997 14 2828307 10169267 646885 12997574 TUITION & FEES 611310 37789123 37789123 AUXILIARY ENTERPRISES 611710 17051978 16747536 304442 CAMPUS GROUPS 541900 1670903 1670903 OTHER PROGRAMS 541900 867208 753766 113442 PRINT CENTER INCOME 561439 46522 46522 57425734 2455486 -83034 2538520 334286 334286 241388 87938 153450 153450 153450 24350332 7500 20669345 67960 3680987 -60460 3620527 3620527 41495 9005 32490 32490 CROP SHARE INCOME 541900 9984 9984 STUDENT CENTER INCOME 561439 2978 2978 OTHER REVENUE 900099 -1242 -1242 11720 77031267 57007850 234370 6791473 16294592 16294592 1293585 344080 698886 250619 21712898 18930834 1944617 837447 1025935 890439 91883 43613 3579983 3090691 320625 168667 1525370 1314784 136613 73973 142495 140695 1800 107320 107320 5300 5300 11741 11741 866733 866733 2122492 1900757 193066 28669 484501 441039 43392 70 842809 684649 75481 82679 2970541 2227906 742635 1790191 1629861 160330 1654358 1357301 148165 148892 81882 74549 7333 3356385 3356385 5424609 5424609 759666 600139 68036 91491 FOOD PURCHASES & BOOKST 2754079 2754079 CAMPUS GROUPS & MAY TER 1599101 1599101 REPAIRS AND MAINTENANCE 762173 673328 68261 20584 UBIT EXPENSE 780 780 2681315 2389023 237424 54868 73850834 57197932 14837789 1815113 15656253 16305168 2450000 3321000 2071502 2008995 347109 265349 243206 237829 1116875 1029279 180024395 77901204 104962491 102123191 79819811 80560472 33574460 41122654 2739875 2932763 242981582 249906700 5521831 6089608 749220 507119 4793996 4876306 67115019 63969802 2000000 2000000 3063673 3090533 83243739 80533368 X 61817156 64792815 97920687 104580517 159737843 169373332 242981582 249906700 X 3180433 6507671 -52615 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 5300 0 0 0 5300 0 PART II-B, LINE 1: THE COLLEGE PAYS MEMBERSHIP DUES TO VARIOUS ORGANIZATIONS, SOME PORTION OF WHICH MAY BE USED FOR LOBBYING IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. 4500 125025 X X 0 99892834 5783026 10427100 2252673 3706302 110143985 89156933 4041533 12298550 2256592 3347590 99892834 93776556 2076006 -1086206 2145698 3463725 89156933 98651131 4281956 -4190109 1941391 3025031 93776556 77070792 4175697 21631013 1779988 2446383 98651131 0.13000 0.87000 0.00000 0 0 595000 3989276 4584276 155737799 67121199 88616600 8107917 3364170 4743747 11594403 7415835 4178568 102123191 FUND OF HEDGE FUNDS 37693169 F CSV - LIFE INSURANCE 3416635 F OTHER INVESTMENTS 12850 F 41122654 STUDENT DEPOSITS 1107132 ANNUITIES PAYABLE 773688 DEPOSITS HELD IN CUSTODY 104071 ASSET RETIREMENT OBLIGATION 446383 LEASE LIABILITY 659259 3090533 X 66535016 6507671 -16294592 -9786921 76321937 866733 -157403 709330 77031267 56899527 210018 210018 56689509 866733 16294592 17161325 73850834 PART III, LINE 4: THE COLLEGE DOES NOT HAVE A SIGNIFICANT ART COLLECTION. THE ITEMS THAT ARE HELD ARE USED FOR EDUCATIONAL PURPOSES IN VARIOUS COURSES AND FOR THE BENEFIT OF THE GENERAL PUBLIC. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE EDUCATIONAL AND OTHER SUPPORT SERVICES PROVIDED TO THE STUDENT BODY. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER 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 DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE 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 COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2025 AND 2024. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSED FROM THE STATEMENT OF REVENUE TO THE FUNCTIONAL EXPENSE SCHEDULE -16,294,592. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE -87,938. LOSS ON SALE OF FIXED ASSETS RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE -60,460. GAMING EXPENSES RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE -9,005. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENTS MOVED TO PART XI 52,615. RENTAL EXPENSES RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE 87,938. LOSS ON SALE OF FIXED ASSETS RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE 60,460. GAMING EXPENSES RECLASSED FROM THE FUNCTIONAL EXPENSE SCHEDULE TO THE STATEMENT OF REVENUE 9,005. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSED FROM THE STATEMENT OF REVENUE TO THE FUNCTIONAL EXPENSE SCHEDULE 16,294,592. 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 COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, SEX, COLOR, SEXUAL ORIENTATION, HANDICAP, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG, AND THE COLLEGE'S WEBSITE. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED BY THE COLLEGE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PELL GRANT PROGRAM, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) AND FEDERAL WORKSTUDY PROGRAM. THE COLLEGE ALSO RECEIVES SUPPORT FROM THE STATE OF IOWA THROUGH THEIR TUITION GRANT PROGRAM AND OTHER RELATED STATE PROGRAMS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SEE PART V 124089 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES SEE PART V 276845 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SEE PART V 15652 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES SEE PART V 109124 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SEE PART V 3104 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES SEE PART V 385 SOUTH ASIA 0 0 PROGRAM SERVICES SEE PART V 490 0 0 0 0 0 0 529689 0 529689 1 0 0 0 1 0 SCHEDULE F, PART I, LINE 3 - COLUMN (E): LINE 1 - INSTRUCTION, STUDENT SERVICES LINE 2 - INSTRUCTION, STUDENT SERVICES LINE 3 - INSTRUCTION, STUDENT SERVICES LINE 4 - INSTRUCTION LINE 5 - ACADEMIC SUPPORT LINE 6 - STUDENT SERVICES LINE 7 - STUDENT SERVICES FORM 990, SCHEDULE F, PART IV: WARTBURG COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, WARTBURG COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT WARTBURG COLLEGE IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ANNUAL FORM 990-T. 41495 6950 2055 0 41495 6950 2055 9005 32490 IA 1 0 1 0 0.00000 1.00000 0 0 1 INSTITUTIONAL SCHOLARSHIPS AND GRANTS 1436 3175483 12963364 TUITION DISCOUNTING A DIRECT REDUCTION OF THE TUITION THAT EACH FULL-TIME STUDENT IS REQUIRED TO PAY. SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT 331 155745 PART I, LINE 2: THE COLLEGE PROVIDES GRANTS AND SCHOLARSHIPS TO ITS FULL-TIME, DEGREE SEEKING STUDENTS, BY CREDITING SUCH AMOUNTS DIRECTLY TO THEIR STUDENT ACCOUNTS, TO BE ONLY USED AS AN OFFSET FOR TUITION. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR REBECCA EHRETSMAN PRESIDENT 325553 0 0 0 27793 0 19656 0 10143 0 383145 0 0 0 DEBORA JOHNSON-ROSS VP, ACADEMIC AFFAIRS 154825 0 0 0 4975 0 9538 0 10985 0 180323 0 0 0 RICHARD SEGGERMAN VP, FINANCE & ADMN (THROUGH 01/2025) 132377 0 0 0 2831 0 8839 0 32804 0 176851 0 0 0 RICK WILLIS VP, STRATEGIC RECRUITMENT 143919 0 0 0 2210 0 9163 0 20699 0 175991 0 0 0 SCOTT LEISINGER VP, INSTITUTIONAL ADVANCEMENT 146951 0 0 0 2638 0 9165 0 12764 0 171518 0 0 0 GREG KNESER VP, STUDENT LIFE 139505 0 0 0 3707 0 8739 0 14596 0 166547 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, PRESIDENT EHRETSMAN IS REQUIRED TO OCCUPY AND USE THE PRESIDENT'S HOME AT THE COLLEGE, IN THE PERFORMANCE OF HER DUTIES. THE COLLEGE PAYS FOR MAINTENANCE AND UPKEEP OF THE HOME. MAJOR REPAIRS, RENOVATIONS, OR PHYSICAL IMPROVEMENTS ARE SUBJECT TO BOARD APPROVAL BEFORE THEY ARE UNDERTAKEN. PRESIDENT EHRETSMAN IS RESPONSIBLE FOR INSURING ANY PERSONAL PROPERTY OWNED BY HER THAT IS LOCATED IN THE HOME. PRESIDENT EHRETSMAN AND THE PRESIDENT'S SENIOR LEADERSHIP TEAM ARE GRANTED MEMBERSHIP TO THE COLLEGE'S WELLNESS CENTER AT REDUCED COST, THE SAME ARRANGEMENT AVAILABLE TO ALL EMPLOYEES OF THE COLLEGE. THE VALUE OF THE MEMBERSHIP REDUCTION IS $360 PER YEAR, AND IS A TAXABLE FRINGE BENEFIT. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624603P9 2015-03-24 85845606 SEE PART VI 0 0 0 A 21240000 85845606 6509036 1715989 2024 84084286 2008 1 0 1 1 A 0 1 0 0 0.01600 0.01600 0 0 1 A 0 0 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART 1, COLUMN F - LINE A: REFUND PRIOR ISSUES (12/29/05 - BOTH) SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/28/2025 DISCLOSURE SUBJECT TO FERPA LAWS 91500 MERIT SCHOLARSHIPS STUDENT FINANCIAL AID ALEX BUCHHEIM FAMILY MEMBER OF JIM BUCHHEIM, REGENT 45445 EMPLOYED ALUMNI. REPORTS TO VICE PRESIDENT OF INSTITUATIONAL ADVANCEMENT. REGENTS HAVE NO CONTROL OF INDIVIDUAL EMPLOYEE WAGES. 0 TYLER WILLIS FAMILY MEMBER OF RICK WILLIS, VICE PRESIDENT 36730 EMPLOYED ATHLETICS. REPORTS DIRECTLY TO DIRECTOR OF ATHLETICS. DIRECTOR OF HUMAN RESOURCES PROVIDES OVERSIGHT ON ALL FINAL COMPENSATION DECISIONS. 0 X 1 4500 FAIR MARKET VALUE X 6100 FAIR MARKET VALUE X 12 624255 NET SELLING PRICE X 1 12030 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD; PROVIDED, HOWEVER, THAT THE ACTION(S) OF THE EXECUTIVE COMMITTEE (I) ARE CONSISTENT WITH THE PRIOR ACTS OF THE BOARD, (II) DO NOT AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR COLLEGE PURPOSES, OR REMOVE OR APPOINT THE PRESIDENT, (III) ARE NOT PRECLUDED BY THE ARTICLES OR BYLAWS, OR (IV) HAVE NOT BEEN RESERVED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 PER THE ARTICLES OF INCORPORATION, THE MEMBERS OF THE WARTBURG COLLEGE CORPORATION ARE (A) THE MEMBERS OF THE CHURCHWIDE ASSEMBLY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA), (B) THE OFFICERS OF THE ELCA, (C) THE EXECUTIVE DIRECTOR OF THE UNIT OF THE ELCA WITH RESPONSIBILITY FOR RELATIONSHIPS WITH COLLEGES OF THE ELCA, (D) THE MEMBERS OF THE BOARD, AND (E) SUCH ADDITIONAL PERSONS AS PROVIDED IN THE BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS, THE BOARD OF REGENTS HAS BOTH EX OFFICIO AND ELECTED MEMBERS. 1. THREE EX OFFICIO MEMBERS WHO SERVE BY VIRTUE OF THEIR POSITIONS FOR SO LONG AS THEY HOLD SUCH POSITIONS: (A) THE COLLEGE PRESIDENT (ELECTED BY THE BOARD OF REGENTS) AND (B) THE ALUMNI BOARD PRESIDENT AND ALUMNI BOARD PRESIDENT-ELECT (BOTH ELECTED BY THE COLLEGE'S ALUMNI BOARD). 2. THE ELECTED MEMBERS ARE ELECTED BY THE BOARD OF REGENTS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL OF THE BOARD OF REGENTS AND TO SUBSEQUENT RATIFICATION BY THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE PROVIDES PRELIMINARY TAX RETURN INFORMATION VIA SELECTED WORKPAPERS AND A SPECIALIZED TEMPLATE TO THE AUDIT FIRM. THE AUDIT FIRM THEN USES SPECIALIZED PROPRIETARY 990 TAX FORM SOFTWARE TO PERFORM DIAGNOSTICS AND PREPARE A DRAFT OF THE FORM 990 BASED ON INFORMATION PROVIDED TO THEM AND THEIR KNOWLEDGE OF HOW TO COMPLETE THE 990. AFTER RECEIVING THE DRAFT FORM 990 FROM THE AUDIT FIRM, PERSONNEL FROM THE BUSINESS OFFICE REVIEW THE DRAFT, RECONCILING INFORMATION BACK TO SUPPORTING WORK PAPERS WHERE POSSIBLE AND REVIEWING OTHER INFORMATION FOR COMPLETENESS, ACCURACY, CONSISTENCY, AND REASONABLENESS. NEXT, THE BOARD'S AUDIT COMMITTEE MEMBERS REVIEW THE DRAFT OF THE FORM 990 FOR COMPLETENESS, ACCURACY, CONSISTENCY, AND REASONABLENESS. FEEDBACK FROM ALL REVIEW IS FORWARDED TO THE AUDIT FIRM, AND THE FORM 990 IS UPDATED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED, UPDATED, AND APPROVED ANNUALLY BY THE BOARD. BOARD MEMBERS AND KEY EMPLOYEES ARE REMINDED OF THEIR RESPONSIBILITY TO FOLLOW THE CONFLICT OF INTEREST POLICY. BUSINESS OFFICE PERSONNEL ARE FAMILIAR WITH THE VENDORS USED BY THE COLLEGE AND WOULD FOLLOW THE CONFLICT OF INTEREST POLICY IF THERE WERE ANY POTENTIAL TRANSACTIONS THAT WOULD FALL WITHIN THE SCOPE OF THAT POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF REGENTS ESTABLISHES COMPENSATION FOR THE PRESIDENT INITIALLY AND ANNUALLY, APPLYING ALL ELEMENTS NOTED IN THIS LINE'S QUERY. THE COMPARATOR GROUP IS LIMITED TO LIBERAL ARTS COLLEGES WITH COMPARABLE ENROLLMENTS, INCLUDING OTHER ELCA RELATED COLLEGES. THE PRESIDENT ESTABLISHES COMPENSATION FOR THE PRESIDENT'S SENIOR LEADERSHIP TEAM INITIALLY AND ANNUALLY, APPLYING ALL ELEMENTS NOTED IN THIS LINE'S QUERY. THE COMPARATOR GROUP IS LIMITED TO LIBERAL ARTS COLLEGES WITH COMPARABLE ENROLLMENTS, INCLUDING OTHER ELCA-RELATED COLLEGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -52,615. KNIGHTS ENTERPRISES LLC 100 WARTBURG BLVD WAVERLY IA 50677 883452573 TO ENGAGE IN ANY LAWFUL BUSINESS OR ACTIVITY IA WARTBURG COLLEGE C 15 5161 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0