2025-05-13T13:43:09-05:00 2024-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-07-01 520591672 MOUNT SAINT MARY'S UNIVERSITY INC MOUN 3014476122 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 WILLIAM E DAVIES VP BUSINESS AND FINANCE 3014476122 2025-05-13 1 0 KRISTEN BARNETT P01234578 8133162300 2025-05-13 2023 2025-03-06 01:10:19Z GERARD J JOYCE 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 153259455 0 X WWW.MSMARY.EDU X 1808 MD MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O), OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 22 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL. 24 24 1404 50 228684 0 18106654 22327978 106498658 108867990 11048929 10242648 22878 23032 135677119 141461648 53168358 53439333 0 0 42772506 43310387 91900 136400 2023010 37705406 40083665 133738170 136969785 1938949 4491863 210873237 220523503 87338385 90036898 123534852 130486605 X AS A CATHOLIC UNIVERSITY, MOUNT ST. MARY'S GRADUATES ETHICAL LEADERS WHO ARE INSPIRED BY A PASSION FOR LEARNING AND LEAD LIVES OF SIGNIFICANCE IN SERVICE TO GOD AND OTHERS. 0 0 76858931 53439333 85208532 INSTRUCTIONAL PROGRAMS FOR 2,779 STUDENTS CONSISTING OF 2,020 UNDERGRADUATE STUDENTS, 191 GRADUATE STUDENTS IN BUSINESS ADMINISTRATION, 205 GRADUATE STUDENTS IN EDUCATION, 164 GRADUATE STUDENTS IN THEOLOGY, 24 GRADUATE STUDENTS IN HEALTH ADMINISTRATION, 48 GRADUATE STUDENTS IN BIOTECHNOLOGY AND MANAGEMENT, 32 GRADUATE STUDENTS IN SPORTS MANAGEMENT, 3 GRADUATE STUDENTS IN PHILOSOPHICAL STUDIES, 69 GRADUATE STUDENTS IN APPLIED BEHAVIOR ANALYSIS AND 23 NON-DEGREE SEEKING GRADUATE STUDENTS. THE UNIVERSITY AWARDED A TOTAL OF 739 DEGREES AND CERTIFICATES COMPRISED OF 480 BACHELOR'S DEGREES, 42 POST-BACCALAUREATE CERTIFICATES, 169 MASTER'S DEGREES, 40 THEOLOGY MASTER'S DEGREES AND 8 POST-MASTER'S CERTIFICATES. 26228749 23430774 AUXILIARY ENTERPRISES WHICH IS COMPRISED OF ATHLETICS, STUDENT HOUSING, DINING SERVICES, POST OFFICE, VENDING, PHYSICAL PLANT, LAUNDRY AND PUBLIC SAFETY. 10248910 STUDENT SERVICES FOR THE ENTIRE STUDENT BODY. THIS INCLUDES COUNSELING /HEALTH CENTER, STUDENT AFFAIRS AND STUDENT ACTIVITIES. 6496642 ACADEMIC SUPPORT 4020326 INSTITUTIONAL SUPPORT 10516968 123853558 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 217 0 1 1404 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X WILLIAM E DAVIES 3014476122 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 GRACELYN A MCDERMOTT CHAIR OF THE BOARD 15.00 X X 0 0 0 RICHARD P MILLER VICE CHAIR OF THE BOARD 10.00 X X 0 0 0 RICHARD M FOLIO TREASURER 10.00 X X 0 0 0 KOKI ADASI TRUSTEE 5.00 X 0 0 0 WAYNE E ALTER III TRUSTEE 5.00 X 0 0 0 FRANCIS X BOLTE TRUSTEE 5.00 X 0 0 0 PAUL J CHEW TRUSTEE 5.00 X 0 0 0 DEVEDA COLEY TRUSTEE 5.00 X 0 0 0 ROBERT DEEGAN TRUSTEE 5.00 X 0 0 0 J RAPHAEL DELLA RATTA TRUSTEE 5.00 X 0 0 0 DAVID DILUIGI TRUSTEE 5.00 X 0 0 0 ROBERT C DONDERO TRUSTEE 5.00 X 0 0 0 JOSEPH F DOWD JR TRUSTEE 5.00 X 0 0 0 JEREMY M ELLERMEYER TRUSTEE 5.00 X 0 0 0 REV MSGR JOHN J ENZLER TRUSTEE 5.00 X 0 0 0 JASON EPPS TRUSTEE 5.00 X 0 0 0 SR TERESA GEORGE TRUSTEE 5.00 X 0 0 0 PATRICK J GOLES TRUSTEE 5.00 X 0 0 0 ANTHONY J HAYDEN TRUSTEE 5.00 X 0 0 0 SUZANNE HUESTON TRUSTEE 5.00 X 0 0 0 SUSAN JANOWIAK TRUSTEE 5.00 X 0 0 0 PRISCILLA W LOCKE TRUSTEE 5.00 X 0 0 0 MOST REVEREND WILLIAM E LORI TRUSTEE 5.00 X 0 0 0 HUGH W MOHLER JR TRUSTEE 5.00 X 0 0 0 JANICE I OBUCHOWSKI TRUSTEE 5.00 X 0 0 0 HOUEIDA SAAD TRUSTEE 5.00 X 0 0 0 REV ROBERT J SULLIVAN TRUSTEE 5.00 X 0 0 0 TAMIKA L TREMAGLIO TRUSTEE 5.00 X 0 0 0 NADJA Y WEST TRUSTEE 5.00 X 0 0 0 TIMOTHY E TRAINOR PRESIDENT THRU 06/30/24 50.00 X 432097 0 58867 WILLIAM E DAVIES VP, BUSINESS & FINANCE 50.00 X 290615 0 56584 DR BOYD CREASMAN VP, ACADEMIC AFFAIRS & PROVOST 50.00 X 229470 0 32313 JACK J CHIELLI VP, COMM & ENROLL MGT 50.00 X 226980 0 53765 PATRICIA HILL-CALLAHAN VP, ADVANCEMENT 50.00 X 124317 0 48543 DR PAULA M WHETSEL-RIBEAU VP, EQUITY AND SUCCESS 50.00 X 205452 0 31696 ANDREW R BAKER VP & SEMINARY RECTOR 50.00 X 125484 0 17419 LEVI ESSES VP, DEAN OF STUDENTS 50.00 X 164542 0 46286 LAURA MCCULLOUGH ASSISTANT VP FOR ADVANCEMENT 50.00 X 37880 0 5984 ELIZABETH C MONAHAN CHIEF OF STAFF 50.00 X 110452 0 53970 CORINNE FARNETI DEAN, BOLTE SCHOOL OF BUSINESS 50.00 X 164242 0 26289 CHRISTINE MCCAUSLIN DEAN OF THE SCHOOL OF SCIENCE 50.00 X 169851 0 11187 BRYAN ZYGMONT DEAN, COLLEGE OF LIBERAL ARTS 50.00 X 150300 0 9305 JENNIFER STAIGER ASSOC PROVOST OF GRADUATE 50.00 X 155132 0 29066 DANIEL F ENGELSTAD HEAD MEN'S BASKETBALL COAC 50.00 X 223488 0 12845 KRISTIN HURLEY CHIEF HUMAN RESOURCES OFFICER 50.00 X 151086 0 10569 LOVE SECHREST ASSOCIATE PROVOST, ACADEMIC AFFAIRS 50.00 X 160139 0 25670 MARY JACKSON DIR, SCHOOL OF HEALTH PROFESSIONS 50.00 X 155262 0 9736 3276789 0 540094 48 0 1 0 ARAMARK RECEIVABLES LLC 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICES 6984972 MORGAN-KELLER INC 70 THOMAS JOHNSON DRIVE FREDERICK MD 21702 CONSTRUCTION SERVICES 2327985 JEM GROUP LLC 214 SENATE AVE SUITE 302 CAMP HILL PA 17011 CONSTRUCTION SERVICES 1985058 SYNERGI PARTNERS INC 51 W EVANS ST FLORENCE SC 29501 INCENTIVE AND TAX CREDIT CONSULTING 1268954 EAB 2445 M ST NW WASHINGTON DC 20037 EDUCATION BUSINESS DEVELOPMENT CONSULT. 938408 50 7325 7314815 15005838 2755208 22327978 TUITION & FEES 611310 85208532 85208532 AUXILIARY ENTERPRISE 611710 23493012 23430774 62238 CONFERENCES & GROUPS 611600 137530 137530 OTHER SERVICES 221000 28916 28916 108867990 11171835 11171835 10774129 10775749 927567 -1620 -927567 -929187 -929187 93138 7325 92211 927 927 24385 2280 22105 22105 141461648 108639306 228684 10265680 53439333 53439333 3085315 955026 1930829 199460 32118047 29571061 1797123 749863 1351902 1277323 44884 29695 4306054 3848766 353837 103451 2449069 2136853 247337 64879 76010 76010 163525 163525 136400 136400 348150 348150 4524223 3565377 936785 22061 807467 617712 162301 27454 1936064 1481089 389149 65826 1841547 1408783 370151 62613 2108915 1807340 229872 71703 3040744 2605918 331441 103385 263278 201408 52919 8951 2911365 2227195 585184 98986 7231048 6406709 788184 36155 785795 696214 85652 3929 OTHER EXPENSE 6616647 5035269 1343179 238199 DINING SERVICES 6572182 6572182 UNCOLLECTIBLES 856705 856705 136969785 123853558 11093217 2023010 6448 11426 37032477 36406535 4281948 1933023 2402889 3547946 585187 395851 191979 196848 1725702 2215316 230831516 128617021 92882713 102214495 52282956 41041154 9613897 23073766 9867041 9487143 210873237 220523503 10055325 11262837 6113479 9219582 57586621 56139713 13582960 13414766 87338385 90036898 X 53743725 50818100 69791127 79668505 123534852 130486605 210873237 220523503 X 4491863 2096242 363648 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 6654 0 1 13755 20409 0 PART II-B, LINE 1: MSMU IS A MEMBER OF THE MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOCIATION (MICUA). MICUA ALLOCATES A PORTION OF THE DUES ASSESSMENT TO NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. THIS REPRESENTS THE % OF DUES ALLOCATED TO THAT ACTIVITY. 713535 X 0 61013510 749174 5335666 2567060 242578 64288712 59202444 769290 3870807 2592904 236127 61013510 64126845 2927792 -5228834 2402702 220657 59202444 54459144 612473 11562469 2280221 210105 64143760 54281563 952600 1697479 2270100 202398 54459144 0.24590 0.54760 0.20650 0 0 2063503 2063503 170468896 101399024 69069872 2555808 142188 2413620 38889457 26559459 12329998 16853852 516350 16337502 102214495 MULTI-STRATEGY HEDGE FUNDS 9336990 F LIFE INSURANCE CASH SURRENDER VALUE 348742 F 204710-GLOBAL X S&P 500 CA VAL ETF (CATH) 13388034 F 23073766 ANNUNITIES PAYABLE 560308 US GOVERNMENT ADVANCES FOR STUDENT LOANS 199053 DEPOSITS 83997 LEASE PAYABLE 163223 OTHER LIABILITIES 234430 NON-RECOURSE OBLIGATION 6375450 RIGHT-OF-USE LEASE PAYABLE 5798305 13414766 X 93650509 2096242 -43100874 -41004632 134655141 242578 6563929 6806507 141461648 86698756 3410882 3410882 83287874 242578 53439333 53681911 136969785 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF ITEMS ASSOCIATED WITH THE HISTORY OF THE UNIVERSITY AND IS MAINTAINED IN THE ARCHIVES. THERE ARE ALSO VARIOUS WORKS OF ART IN CHAPELS ACROSS CAMPUS. THIS COLLECTION PROMOTES OUR EDUCATIONAL PURPOSE BY PROVIDING HISTORICALLY SIGNIFICANT RESEARCH MATERIAL FOR STUDENTS AND PROFESSORS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES FUNDS TO SUPPORT STUDENT FINANCIAL AID, FACULTY SALARIES AND THE GENERAL OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE -53,439,333. RELATED ENTITY REVENUE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 9,974,811. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 363,648. PART XI, LINE 4B - OTHER ADJUSTMENTS: EQUITY IN INCOME OF SUBSIDIARY 6,563,929. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY EXPENSES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 3,410,882. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE 53,439,333. 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 UNIVERSITY'S NON-DISCRIMINATION POLICY IS OPENLY REPORTED TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE, STUDENT CATALOGS, EMPLOYMENT POLICIES AND PROCEDURES AND THROUGH PUBLIC RELATIONS EFFORTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDS FROM FEDERAL AND STATE AGENCIES FOR STUDENT FINANCIAL AID AND OTHER PURPOSES. FUNDING SOURCES WERE US DEPARTMENT OF EDUCATION, FEDERAL EMERGENCY MANAGEMENT AGENCY, NATIONAL SCIENCE FOUNDATION, NATIONAL INSTITUTE OF HEALTH, STATE OF MARYLAND SELLINGER PROGRAM, MARYLAND CENTER FOR COMPUTING EDUCATION, MARYLAND DEPARTMENT OF COMMERCE AND MARYLAND DEPARTMENT OF EDUCATION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES FACULTY MEMBERS TEACHING STUDENTS ABROAD 47758 SOUTH AMERICA 0 3 PROGRAM SERVICES FACULTY MEMBERS TEACHING STUDENTS ABROAD 8114 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES FACULTY MEMBERS TEACHING STUDENTS ABROAD 15736 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1933282 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 261600 0 7 0 0 0 7 2266490 0 2266490 0 0 0 0 0 0 X X X X X X X 1 RO WALKER COMPANY 11511 SKIPWITH LANE POTOMAC MD 20854 FUNDRAISING COUNSEL & COMMUNICATIONS 0 0 36660 -36660 HURON CONSULTING GROUP INC PO BOX 71223 CHICAGO IL 60694 FUNDRAISING COUNSEL & COMMUNICATIONS 0 0 14598 -14598 CG&A PO BOX 775324 CHICAGO IL 60677 FUNDRAISING COUNSEL & COMMUNICATIONS 0 0 85142 -85142 136400 -136400 AL AK AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC AZ BASEBALL FUNDRAISER GOLF 29620 2780 26840 2602 11476 86 MEN'S LACROSSE GOLF TOURNAMENT 25680 1995 23685 500 7800 5096 567 2 45163 2550 42613 12620 50081 1384 100463 7325 93138 500 2602 31896 55177 2037 92212 926 24385 2280 0 24385 2280 2280 22105 MD 1 0 0 0 1.00000 ROBERT RUDD 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 0 ROBERT RUDD 2868 SECURING GAMING LICENSES AND MANAGING GAMING EVENTS. X 0 1 STUDENT FINANCIAL AID 2037 53439333 BOOK VALUE ASSIST WITH COST OF TUITION, ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY'S USE OF GRANT FUNDS IS TO PROVIDE FINANCIAL AID TO OUR STUDENTS. WE MONITOR THE USE OF THESE UNIVERSITY FUNDS IN ACCORDANCE WITH ESTABLISHED LEVELS OF AWARDS BASED ON A STUDENT'S MERIT CLASSIFICATION AND ON AN ANNUAL BUDGET. THE UNIVERSITY FOLLOWS ALL REGULATIONS RELATIVE TO THE AWARDING OF FINANCIAL ASSISTANCE WHICH IS MONITORED BY THE FINANCIAL AID OFFICE. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 TIMOTHY E TRAINOR PRESIDENT THRU 06/30/24 404845 0 0 0 27252 0 19800 0 39067 0 490964 0 0 0 WILLIAM E DAVIES VP, BUSINESS & FINANCE 264371 0 0 0 26244 0 16362 0 40222 0 347199 0 0 0 JACK J CHIELLI VP, COMM & ENROLL MGT 223195 0 0 0 3785 0 13771 0 39994 0 280745 0 0 0 DR BOYD CREASMAN VP, ACADEMIC AFFAIRS & PROVOST 226230 0 0 0 3240 0 13771 0 18542 0 261783 0 0 0 DR PAULA M WHETSEL-RIBEAU VP, EQUITY AND SUCCESS 202154 0 0 0 3298 0 12960 0 18736 0 237148 0 0 0 DANIEL F ENGELSTAD HEAD MEN'S BASKETBALL COAC 223088 0 0 0 400 0 11500 0 1344 0 236332 0 0 0 LEVI ESSES VP, DEAN OF STUDENTS 164188 0 0 0 354 0 5175 0 41111 0 210828 0 0 0 CORINNE FARNETI DEAN, BOLTE SCHOOL OF BUSINESS 164082 0 0 0 160 0 10200 0 16088 0 190530 0 0 0 LOVE SECHREST ASSOCIATE PROVOST, ACADEMIC AFFAIRS 160139 0 0 0 0 0 9600 0 16070 0 185809 0 0 0 JENNIFER STAIGER ASSOC PROVOST OF GRADUATE 154341 0 0 0 791 0 10450 0 18616 0 184198 0 0 0 CHRISTINE MCCAUSLIN DEAN OF THE SCHOOL OF SCIENCE 168830 0 0 0 1021 0 10800 0 387 0 181038 0 0 0 PATRICIA HILL-CALLAHAN VP, ADVANCEMENT 123175 0 0 0 1142 0 14781 0 33762 0 172860 0 0 0 MARY JACKSON DIR, SCHOOL OF HEALTH PROFESSIONS 154921 0 0 0 341 0 9393 0 343 0 164998 0 0 0 ELIZABETH C MONAHAN CHIEF OF STAFF 109800 0 0 0 652 0 6635 0 47593 0 164680 0 0 0 KRISTIN HURLEY CHIEF HUMAN RESOURCES OFFICER 151086 0 0 0 0 0 10200 0 368 0 161654 0 0 0 BRYAN ZYGMONT DEAN, COLLEGE OF LIBERAL ARTS 150300 0 0 0 0 0 9000 0 305 0 159605 0 0 0 PART I, LINE 1A IT IS THE UNIVERSITY'S POLICY TO REIMBURSE EMPLOYEES FOR BUSINESS EXPENSES INCURRED BY THE EMPLOYEE TO FURTHER THE MISSION OF THE UNIVERSITY. INFREQUENTLY, IN ACCORDANCE WITH IRS GUIDELINES, THE UNIVERSITY MAY REIMBURSE AN EMPLOYEE FOR THE COST OF A SPOUSE WHO ATTENDS A FUNCTION HAVING A SIGNIFICANT ROLE OR IS INVOLVED WITH FUNDRAISING WHICH CONSTITUTES A BUSINESS PURPOSE. THESE AMOUNTS ARE TAXABLE AND PROPERLY REPORTED ON THE FORM W-2. THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH ITS PRESIDENT TIM TRAINOR. IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT THE UNIVERSITY PROVIDES HOUSING FOR THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER WHICH IS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. THE VALUE OF THE NON-TAXABLE HOUSING WAS ESTIMATED AT $34,620. THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH ITS VICE PRESIDENT FOR ADVANCEMENT IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT THE UNIVERSITY PROVIDES HOUSING FOR THE VICE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER WHICH IS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. THE VALUE OF THE NON-TAXABLE HOUSING WAS ESTIMATED AT $30,972. PART I, LINE 4B TIMOTHY TRAINER PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F). THE UNIVERSITY DID NOT CONTRIBUTED DURING THE CALENDAR YEAR 2023. A TOWN OF EMMITSBURG 526017142 2009-12-29 1250000 RENOVATIONS TO RESIDENCE HALL 0 0 0 B COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697CG6 2017-12-21 59172319 DEBT REFINANCING 0 0 0 A 1000000 1250000 92516 1157484 2010 0 0 1 1 B 3245000 59172319 3822499 1146332 3007599 51195889 2019 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 0 A 1 B 1 SERIES 2017A BOND THE ISSUES PRICE OF THE BOND PER FORM 8038 WAS $59,172,319 AND THE STATED REDEMPTION OF THE BOND IS 54,590,000. THE DIFFERENCE BETWEEN THE TWO REPRESENTS NONREFUNDING PROCEDS OF THE ISSUES IN THE AMOUNT OF $3,007,599. X 100 2755208 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE UNIVERSITY'S GOVERNING BODY BEFORE THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IF MONITORED BY THE OFFICE OF THE PRESIDENT. CONFLICTS WITH MEMBERS OF THE BOARD O F TRUSTEES ARE DISCLOSED AND DISTRIBUTED TO RELEVANT DEPARTMENTS ANNUALLY. TRANSACTIONS WITH THESE PARTIES ARE SEPARATELY REVIEWED. AN INDIVIDUAL OR TRUSTEE WITH A CONFLICT REMOVES THEMSELVES FOR THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT PRESENTS A SELF-EVALUATION TO THE BOARD OF TRUSTEES BASED ON AGREED UPON PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW SALARY AND BENEFIT COMPARISON DATA COMPILED FROM SEVERAL SOURCES FOR INSTITUTIONS OF SIMILAR SIZE AND SCOPE. THE FULL BOARD DISCUSSES THE PRESIDENT'S PERFORMANCE AND REVIEWS THE COMPARATIVE SALARY DATA. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISION ON THE PRESIDENT'S SALARY AND DEFERRED COMPENSATION IF APPLICABLE, WHICH IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS AND THE MEETINGS ARE DOCUMENTED BY FORMAL MINUTES. FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES, SURVEY DATA PROVIDED BY CUPA IS USED ALONG WITH COMPENSATION DATA FROM PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 363,648. THE MOUNT CLUB INC 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21272 520591672 LIQUOUR SALES MD 0 0 MOUNT SAINT MARYS UNIVERSITY MOUNT ST MARY'S SEMINARY 16300 OLD EMMITSBURG RD EMMITSBURG MD 21727 611936188 TO SUPPORT UNIVERSITY MD 501(C)(3) LINE 1 MOUNT SAINT MARYS UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MOUNT ST MARY'S SEMINARY L 39812 ALLOCATED MOUNT ST MARY'S SEMINARY N 1486067 ALLOCATED MOUNT ST MARY'S SEMINARY O 965619 ALLOCATED MOUNT ST MARY'S SEMINARY Q 1820034 ALLOCATED