Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
GRAND VIEW UNIVERSITY
Employer identification number
42-0681049
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public Support. Subtract line 5 from line 4.
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE E(Form 990 or 990-EZ) Department of the TreasuryInternal Revenue Service
SchoolsComplete if the organization answered "Yes" to Form 990, Part IV, line 13, or Form 990-EZ, Part VI, line 48. Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
GRAND VIEW UNIVERSITY
Employer identification number
42-0681049
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body?
......................
1
Yes
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships?
......................................
2
Yes
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II.
.............................
3
Yes
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff?
..........
4a
Yes
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
Other extracurricular activities?
.....................................
5h
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
6a
Does the organization receive any financial aid or assistance from a governmental agency?
............
6a
Yes
b
Has the organization's right to such aid ever been revoked or suspended?
...................
6b
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2010
Schedule E (Form 990 or 990EZ) 2010
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier
Return Reference
Explanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
SCHEDULE E, PART I, LINE 3
APPLICANTS FOR ADMISSION AND EMPLOYMENT, STUDENTS, EMPLOYEES & SOURCES OF REFERRAL OF APPLICATIONS FOR ADMISSION & EMPLOYMENT ARE HEREBY NOTIFIED THAT GRAND VIEW UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF AGE, RACE, RELIGION, CREED, COLOR, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, ANCESTRY OR DISABILITY IN ADMISSION OR ACCESS TO, OR TREATMENT OR EMPLOYMENT IN, ITS PROGRAMS & ACTIVITIES, SERVICES OR PRACTICES. ANY PERSON HAVING INQUIRIES CONCERNING THE UNIVERSITY'S COMPLIANCE WITH THE REGULATIONS IMPLEMENTING TITLE VI, TITLE IX & SECTION 504 OF THE REHABILITATION ACT OF 1973 & THE AMERICANS WITH DISABILITY ACT IS DIRECTED TO CONTACT THE VICE PRESIDENT FOR ADMINISTRATION & FINANCE, 515-263-2821, WHO HAS BEEN DESIGNATED AS THE EQUAL EMPLOYMENT OPPORTUNITY & AFFIRMATIVE ACTION OFFICER. ANY PERSON ALSO MAY CONTACT THE DEPARTMENT OF EDUCATION REGARDING THE UNIVERSITY'S COMPLIANCE WITH REGULATIONS IMPLEMENTING TITLE VI, TITLE IX & SECTION 504 OF THE REHABILITATION ACT OF 1973 & THE AMERICANS WITH DISABILITY ACT.
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE
SCHEDULE E, PART I, LINE 6
GRAND VIEW UNIVERSITY RECEIVES BOTH FEDERAL AND STATE GRANTS
Schedule E (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
GRAND VIEW UNIVERSITY
Employer identification number
42-0681049
Identifier
Return Reference
Explanation
ORGANIZATION'S MISSION STATEMENT
FORM 990, PAGE 2, PART III, LINE 1
GRAND VIEW UNIVERSITY ENGAGES, EQUIPS, AND EMPOWERS STUDENTS TO FULFILL THEIR INDIVIDUAL POTENTIAL AND SERVE SOCIETY. COMMITTED TO THE DEVELOPMENT OF THE WHOLE PERSON - MIND, BODY AND SPIRIT - AND TO PREPARING STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP BOTH IN THEIR COMMUNITIES AND IN A DIVERSE AND CHANGING WORLD, GRAND VIEW OFFERS A LIBERAL ARTS EDUCATION THAT: *CHALLENGES STUDENTS TO INQUIRE WITH A DISCIPLINED AND CRITICAL MIND, COMMUNICATE EFFECTIVELY, AND DISPLAY AN AWARENESS OF THE GLOBAL ISSUES THAT AFFECT US ALL. *CREATES A COMMUNITY OF LEARNERS WHERE DIFFERING PERSPECTIVES ARE WELCOME, WHERE FRIENDLY INTERACTION IS THE NORM, AND WHERE INTELLECTUAL AND PERSONAL INTEGRITY IS EXPECTED AND MODELED. *OFFERS A SUPPORTIVE ENVIRONMENT WHERE STUDENTS CAN ENGAGE IN COMMUNITY WITH OTHERS, DISCERN LIFE PURPOSE, AND GROW IN LEADERSHIP. *AFFIRMS CHRISTIAN FAITH AND ETHICS AS A VISION FOR LIFE, A VISION THAT ENHANCES OUR RESPECT FOR THE DIVERSITY AND DIGNITY OF ALL PEOPLE, FOR RELATING TO OTHERS, AND FOR THE PURSUIT OF LIFELONG LEARNING. INFORMED BY ITS DANISH LUTHERAN HERITAGE, GRAND VIEW IS A SCHOOL FOR LIFE.
FORM 990, PART VI, SECTION A, LINE 7B
THE RELATED ORGANIZATIONS LISTED ON SCHEDULE R RATIFY AND APPROVE BOARD MEMBERS NOMINATED AND ELECTED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11
GRAND VIEW'S BOARD OF TRUSTEES DELEGATES THE DETAILED REVIEW OF THE FINANCIAL STATEMENTS AND FORM 990 TO THE AUDIT COMMITTEE. IF NECESARY, CORRECTIONS ARE MADE FOLLOWING THAT REVIEW. ONCE FINALIZED, THE FORM 990 IN ITS ENTIRETY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C
CONFLICT OF INTEREST QUESTIONNAIRES ARE DISTRIBUTED AND COLLECTED EACH ACADEMIC YEAR FROM THE OFFICERS, TRUSTEES AND KEY EMPLOYEES. ANY POTENTIAL CONFLICTS ARE DISCLOSED, REVIEWED BY THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE OR DESIGNEE AND REPORTED TO THE AUDIT COMMITTEE OF THE BOARD. WHEN NECESSARY, INDIVIDUALS WILL ABSTAIN FROM ANY DISCUSSION OR VOTE THAT PERTAINS TO THESE PREVIOUSLY DISCLOSED OR NEWLY DEVELOPED CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15
THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR GRAND VIEW'S PRESIDENT THROUGH A PROCESS WHICH INCLUDES A REVIEW OF PERFORMANCE AS WELL AS COMPARATIVE SALARY DATA COLLECTED FROM MULTIPLE SOURCES, INCLUDING OTHER ELCA COLLEGES, IOWA PRIVATE COLLEGES AND THE NATIONAL YAFFE STUDY. THE EXECUTIVE COMMITTEE ALSO REVIEWS COMPENSATION HISTORY FOR THE PRESIDENT, AS WELL AS A COMPARISON OF THE PRESIDENT'S COMPENSATION TO THE FACULTY AND STAFF INCREASES. THIS DELIBERATION AND DECISION IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. IN ADDITION, THE EXECUTIVE COMMITTEE HAS AUTHORIZED THE PRESIDENT TO FOLLOW A SIMILAR PROCESS FOR THE REMAINING OFFICERS, WHICH IS DISCLOSED TO THE COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19
THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST IN THE OFFICE OF THE CONTROLLER AT GRAND VIEW UNIVERSITY, LOCATED AT 1200 GRANDVIEW AVE, DES MOINES, IA 50316.
CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XI, LINE 5:
NET UNREALIZED GAINS ON INVESTMENTS: 2,118,150. UNREALIZED LOSS ON INTEREST RATE SWAP -428,983. TOTAL TO FORM 990, PART XI, LINE 5: 1,689,167.
FORM 990, PAGE 12, PART XII, LINE 2C
THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
SCHEDULE K, PART IV
PART IV, LINE 4B, COLUMN A - CONSTRUCTION FUND-RBC CAPITAL MARKETS; RESERVE FUND-RBC CAPITAL MARKETS. PART IV, LINE 4C, COLUMN A - CONSTRUCTION FUND - 2.7 YEARS; RESERVE FUND - 30.0 YEARS.
FULL NAME, EIN AND ADDRESS OF RELATED ORGANIZATION
SCHEDULE R, PART II
SOUTHEASTERN IOWA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA 36-3514254 2635 NORTHGATE DRIVE IOWA CITY, IA 52244 WESTERN IOWA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA 36-3514255 318 E 5TH ST STORM LAKE, IA 50588 NORTHEASTERN IOWA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA 36-3514256 201 20TH STREET SW WAVERLY, IA 50677-0804
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.