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Nonprofiteer
← BUENA VISTA UNIVERSITY

Form 990 for tax year 2022

Filed by BUENA VISTA UNIVERSITY.

Totals

Total revenue
$55,457,948
Total expenses
$61,654,616
Contributions and grants received
$6,034,764
Grants paid
$19,292,214
Program service revenue
$48,291,896
Investment income
$139,285
Other revenue
$992,003
Total assets, end of year
$243,292,340
Total liabilities, end of year
$49,909,488
Net assets or fund balances, end of year
$193,382,852
Program services expenses (Part IX)
$52,561,901
Management and general expenses
$7,499,031
Fundraising expenses
$1,593,684
Program service expenses (Part III)
$52,561,901

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $279,864

  • 1f · All other contributions, gifts and grants

    $5,754,900

  • 1g · Noncash contributions included above

    $1,093,491

  • 2a · Program service revenue: TUITION & FEES

    total $41,132,765 · related or exempt $41,132,765

  • 2b · Program service revenue: SALES & SERVICE AUXILIARY

    total $6,924,827 · related or exempt $6,924,827

  • 2c · Program service revenue: SALES & SERVICE EDUCATION

    total $177,906 · related or exempt $177,906

  • 2d · Program service revenue: PARKING

    total $56,398 · related or exempt $56,398

  • 3 · Investment income

    total $89,004 · excluded $89,004

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $50,281

  • 7c · Gain or loss

    securities $50,281

  • 7d · Net gain or loss

    total $50,281 · excluded $50,281

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CONFERENCE CENTER

    total $249,478 · related or exempt $192,503 · unrelated business $56,975

  • 11b · Other revenue: INCOME FROM PARTNERSHIP

    total -$252,983 · unrelated business -$252,983

  • 11c · Other revenue: ALL OTHER MISC REVENUE

    total $995,508 · related or exempt $993,202 · unrelated business $2,306

  • 11d · All other revenue

    total $995,508 · related or exempt $993,202 · unrelated business $2,306

  • 11e · Other revenue, total

    $992,003

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $19,292,214 · program services $19,292,214

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,302,970 · program services $315,309 · management and general $813,209 · fundraising $174,452

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $15,819,512 · program services $12,949,880 · management and general $2,140,255 · fundraising $729,377

  • 8 · Pension plan contributions

    total $946,457 · program services $703,581 · management and general $185,923 · fundraising $56,953

  • 9 · Other employee benefits

    total $2,430,073 · program services $1,686,151 · management and general $595,073 · fundraising $148,849

  • 10 · Payroll taxes

    total $1,623,526 · program services $1,331,102 · management and general $224,866 · fundraising $67,558

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $54,939 · management and general $54,939

  • 11c · Fees: accounting

    total $85,878 · management and general $85,878

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $7,350 · management and general $7,350

  • 11g · Fees: other

    total $1,923,283 · program services $1,012,139 · management and general $862,580 · fundraising $48,564

  • 12 · Advertising and promotion

    total $870,895 · program services $265,928 · management and general $526,029 · fundraising $78,938

  • 13 · Office expenses

    total $783,347 · program services $440,825 · management and general $241,842 · fundraising $100,680

  • 14 · Information technology

    total $1,006,836 · program services $836,206 · management and general $85,505 · fundraising $85,125

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $890,118 · program services $698,248 · management and general $191,870

  • 17 · Travel

    total $1,567,179 · program services $1,415,069 · management and general $81,733 · fundraising $70,377

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $66,437 · program services $55,777 · management and general $10,660

  • 20 · Interest

    total $373,579 · program services $150,985 · management and general $222,594

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $6,049,383 · program services $5,669,315 · management and general $365,704 · fundraising $14,364

  • 23 · Insurance

    total $143,190 · program services $96,804 · management and general $46,386

  • 24a · Other expenses: TRAINING & DEVELOPMENT

    total $535,590 · program services $511,556 · management and general $19,559 · fundraising $4,475

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $340,473 · program services $247,675 · management and general $92,798

  • 24c · Other expenses: EQUIPMENT

    total $932,928 · program services $807,398 · management and general $125,530

  • 24d · Other expenses: STUDENT BOARD PLANS

    total $2,337,077 · program services $2,337,077

  • 24e · All other expenses

    total $2,271,382 · program services $1,738,662 · management and general $518,748 · fundraising $13,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,562,389 · end of year $27,098,873

  • 3 · Pledges and grants receivable

    beginning of year $1,767,441 · end of year $3,126,755

  • 4 · Accounts receivable

    beginning of year $2,265,618 · end of year $2,194,137

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $690,253 · end of year $855,609

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $171,957,577

  • 10b · Land, buildings and equipment: accumulated depreciation

    $124,679,882

  • 10c · Land, buildings and equipment, net

    beginning of year $49,199,696 · end of year $47,277,695

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $161,855,357 · end of year $161,695,105

  • 13 · Investments: program-related

    beginning of year $1,320,720 · end of year $823,385

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $279,785 · end of year $220,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,914,036 · end of year $5,751,617

  • 18 · Grants payable

    beginning of year $1,044,988 · end of year $743,260

  • 19 · Deferred revenue

    beginning of year $3,215,878 · end of year $3,034,947

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,302,591 · end of year $38,005,312

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $1,359,130 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,757,522 · end of year $2,374,352

  • 27 · Net assets without donor restrictions

    beginning of year $79,805,709 · end of year $78,327,361

  • 28 · Net assets with donor restrictions

    beginning of year $113,541,405 · end of year $115,055,491

Mission and programs · 2022

Mission

WE PREPARE STUDENTS FOR LIFE LONG SUCCESS THROUGH TRANSFORMATIONAL ACADEMIC, PROFESSIONAL, AND CO-CURRICULAR PROGRAMS.

  • INSTRUCTION OF APPROXIMATELY 1,365 STUDENTS INCLUDING ACADEMIC SUPPORT AND OPERATING LIBRARY AND TECHNOLOGY CENTER.

    Expenses $36,679,142 · Grants $19,292,214 · Revenue $42,317,930

  • STUDENT SERVICES, ADMISSIONS, REGISTRARS, ATHLETICS, CAREER DEVELOPMENT, STUDENT HEALTH, AND OTHER SERVICES FOR APPROXIMATELY 697 CAMPUS LIVING STUDENTS.

    Expenses $8,402,948 · Revenue $234,844

  • AUXILIARY ENTERPRISES, DORMITORIES, DINING HALL, FORUM AND CONFERENCE CENTER FOR APPROXIMATELY 697 CAMPUS LIVING STUDENTS.

    Expenses $7,479,811 · Revenue $6,924,827

As filed on the 2022 return.

Listed in Part VII

  • BRIAN LENZMEIER

    PRESIDENT

    Total calculated
    $346,032
    From this org
    $302,850
    From related orgs
    $0
    Other
    $43,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,044
    Bonus
    $0
    Other
    $5,806
    Deferred
    $19,988
    Nontaxable benefits
    $23,194
    Filer's total
    $346,032
  • JOAN CANTY

    VP, UNIVERSITY DEVELOPMENT

    Total calculated
    $213,597
    From this org
    $199,721
    From related orgs
    $0
    Other
    $13,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,954
    Bonus
    $750
    Other
    $15,017
    Deferred
    $12,065
    Nontaxable benefits
    $1,811
    Filer's total
    $213,597
  • SUZETTE RADKE

    VP, FINANCE AND ADMINISTRATION

    Total calculated
    $199,950
    From this org
    $164,619
    From related orgs
    $0
    Other
    $35,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,524
    Bonus
    $750
    Other
    $2,345
    Deferred
    $11,244
    Nontaxable benefits
    $24,087
    Filer's total
    $199,950
  • LISA BEST

    DEAN, SCHOOL OF BUSINESS

    Total calculated
    $166,200
    From this org
    $137,457
    From related orgs
    $0
    Other
    $28,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,139
    Bonus
    $750
    Other
    $2,568
    Deferred
    $9,160
    Nontaxable benefits
    $19,583
    Filer's total
    $166,200
  • JEAN BRAL

    VP, EXT. UNIVERSITY PROGRAMS

    Total calculated
    $164,649
    From this org
    $146,307
    From related orgs
    $0
    Other
    $18,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,303
    Bonus
    $750
    Other
    $1,254
    Deferred
    $9,499
    Nontaxable benefits
    $8,843
    Filer's total
    $164,649
  • HEATHER BLACK

    VP, STUDENT SUCCESS

    Total calculated
    $150,902
    From this org
    $124,403
    From related orgs
    $0
    Other
    $26,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,425
    Bonus
    $750
    Other
    $228
    Deferred
    $8,493
    Nontaxable benefits
    $18,006
    Filer's total
    $150,902
  • BRANDON JOHNSON

    VP, enROLLMENT MANAGEMENT

    Total calculated
    $147,033
    From this org
    $127,487
    From related orgs
    $0
    Other
    $19,546
    Hours/week
    40
  • DIXEE BARTHOLOMEW-FEIS

    DEAN, SCHOOL OF LIBERAL ARTS

    Total calculated
    $142,576
    From this org
    $111,492
    From related orgs
    $0
    Other
    $31,084
    Hours/week
    40
  • JOSEPH MCLAIN

    CHIEF INFORMATION OFFICER

    Total calculated
    $140,987
    From this org
    $123,069
    From related orgs
    $0
    Other
    $17,918
    Hours/week
    40
  • MATTHEW ASTLEFORD

    ASSOC VP, UNIV advancement

    Total calculated
    $138,268
    From this org
    $108,313
    From related orgs
    $0
    Other
    $29,955
    Hours/week
    40
  • LUCAS DEWITT

    ASSOc PROFESSOR OF EDUCATIon

    Total calculated
    $135,510
    From this org
    $109,434
    From related orgs
    $0
    Other
    $26,076
    Hours/week
    40
  • KEVIN MCINTYRE

    VP, ENROLLMENT MANAGEMENT

    Total calculated
    $121,037
    From this org
    $110,358
    From related orgs
    $0
    Other
    $10,679
    Hours/week
    40
  • HEIDI MANNING

    PROVOST/VP ACADEMIC AFFAIRs

    Total calculated
    $94,870
    From this org
    $80,792
    From related orgs
    $0
    Other
    $14,078
    Hours/week
    40
  • KIM LINDUSKA

    INTERIM VP, ACADAMIC AFFAIRS

    Total calculated
    $58,000
    From this org
    $58,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • MARC BRINKMEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TIM BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DOUG CLAUSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KITTY CONOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MIKE DEGEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BECKI DRAHOTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DAVID DVERGSTEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • AMY FRIEDRICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NORMAN NIELSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DAN PHILLIPS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL PIERCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • STEPHEN RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRAD SCHROEDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • QUENTIN WITTROCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MIKE NAIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JULIE QUIRIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DR HYUN KIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • HEATH BARTNESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RAVI KUMAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
BRIAN LENZMEIER, PRESIDENT OF BUENA VISTA UNIVERSITY, WAS PROVIDED HOUSING THAT MEt THE EXCLUSION UNDER SECTION 119 AND THEREFORE was NOT INCLUDED IN W-2 TAXABLE WAGES. THE PERSONAL SERVICES PROVIDED included CLEANING SERVICES FOR UNIVERSITY EVENTS HELD at PROVIDED HOUSing AND THEREFORE was NOT INCLUDED IN W-2 TAXABLE WAGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BVU FUND LP

    EXCLUDED FROM TAX · INVESTMENTS · DE · 99.999% owned · share of income $7,207,927 · share of assets $147,251,988

    Directly controlled by BVU

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (4)

    TRUST · CHARITABLE TRUSTS · IA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202420589349300327

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