2025-01-22T10:27:01-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193631323 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 TODD OLSON PRESIDENT 3193631323 2025-01-21 1 1 SARAH HINTZ P00492291 3037795710 2025-01-20 2023 2024-10-15 13:58:12Z TODD OLSON 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 75007866 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,400 STUDENTS. 27 27 768 250 28958 22508 6462921 3831213 46095226 47042786 1020166 1950630 805293 235353 54383606 53059982 21836920 22903616 0 0 19169070 18542146 111220 112000 977613 16288977 14623602 57406187 56181364 -3022581 -3121382 100941068 100157191 15526570 15293241 85414498 84863950 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 0 0 33601594 22903616 41921326 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MSSCM, MA AND MS IN EDUCATION, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2023, THERE WERE 1,046 TRADITIONAL, 74 ACCELERATED, 171 GRADUATE, 65 ONLINE TRADITIONAL, AND 93 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,088; GRADUATE FTE WAS 242. 5091151 0 5121460 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (FOOD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 4072920 0 0 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 8145841 0 0 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 8145841 0 0 50911506 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2136 0 1 768 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL IA LA MD MI ND NH NV NY OH OK OR PA SC UT WA X TODD OLSON 3193631323 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 TODD OLSON PRESIDENT 40.00 X 233006 0 71746 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 40.00 X 170743 0 52190 BRENDA HAEFNER VP DEV & ALUMNI RELATIONS 40.00 X 151434 0 64108 TOM CASTLE PROVOST 40.00 X 130849 0 40143 JAY COLEMAN VP ENROLLMENT & MARKETING 40.00 X 121111 0 35331 KIM BRO DEAN COLLEGE OF NURSING 40.00 X 118175 0 25932 TOM DOERMANN VP FOR OPERATIONS 40.00 X 107503 0 28965 JENNIFER RASMUSSEN PROFESSOR OF EDUCATION & DEPT CHAIR 40.00 X 107672 0 12442 BRITTNEY BURMAHL VP FOR BUSINESS & FINANCE 40.00 X 88598 0 30226 CHARLES ROHDE BOARD CHAIR & TRUSTEE 1.00 X X 0 0 0 MICHELE BUSSE BOARD CHAIR-ELECT & TRUSTEE 1.00 X X 0 0 0 SISTER MARGARET WEIGEL BOARD SECRETARY & TRUSTEE 1.00 X X 0 0 0 BRANDT WORLEY IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA BARHAMAND TRUSTEE 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LOREN COPPOCK TRUSTEE 1.00 X 0 0 0 TAMI CULVER TRUSTEE 1.00 X 0 0 0 DR MELANIE GIESLER-SPELLMAN TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SISTER DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT KAZIMOUR TRUSTEE 1.00 X 0 0 0 DR RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JASON MILLER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 SISTER SUSAN O'CONNOR TRUSTEE 1.00 X 0 0 0 SISTER LAURA REICKS TRUSTEE 1.00 X 0 0 0 DR VINCENT REID TRUSTEE 1.00 X 0 0 0 LEANN RIDGEWAY TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 KRISTEN TROVAS TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 DR RUTH WHITE TRUSTEE 1.00 X 0 0 0 1229091 0 361083 8 0 1 0 ARAMARK CORPORATION - CAMPUS SERVICES 6000 FELDWOOD ROAD COLLEGE PARK GA 30346 FOOD SERVICES 2143014 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT RECRUITMENT & MARKETING SERVICES 996770 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA IA 52404 CONSTRUCTION MANAGEMENT SERVICES 562916 BRECKE MECHANICAL CONTRACTORS 4140 F AVE NW CEDAR RAPIDS IA 52405 MECHANICAL SERVICES 323071 WINDSTAR LINES 5755 WILLOW CREEK DR SW CEDAR RAPIDS IA 52404 BUS TRAVEL 232055 13 78487 158296 3594430 243443 3831213 TUITION & FEES 611310 40792263 40792263 AUXILIARY SERVICES 611710 5121460 5121460 FEES & ASSESSMENTS 611710 1129063 1129063 47042786 929893 28958 900935 22942581 21921844 1020737 1020737 1020737 12749 78487 21516 -8767 -8767 11475 4524 6951 6951 INSURANCE PROCEEDS 900099 237169 237169 237169 53059982 47042786 28958 2157025 19716849 19716849 3186767 3186767 896136 806522 89614 14749874 13536768 685034 528072 573289 538436 15189 19664 1246428 1153579 48901 43948 1076419 938555 95875 41989 32839 32839 133400 133400 112000 112000 143588 143588 3635899 3006736 574047 55116 1355883 869205 481501 5177 366179 324821 33191 8167 42430 27200 15068 162 1458429 1302235 133064 23130 221403 218168 890 2345 153019 98095 54340 584 541681 524293 14320 3068 2703208 2616435 71460 15313 514659 456532 46649 11478 ATHLETICS 1434526 919620 509429 5477 EQUIP, SUPPLIES, MAINT. 742915 732059 2987 7869 BAD DEBT 410942 263439 145934 1569 MEMBERSHIP & JOURNALS 162779 104351 57806 622 569823 377363 190211 2249 56181364 50911506 4292245 977613 2500 2500 10351795 9935500 1649965 843558 1562426 815430 1383579 1256420 88644205 43982649 47584613 44661556 24611770 25832183 11045214 13453665 292095 355090 2457111 3001289 100941068 100157191 1886671 2164618 346402 344852 12710780 12320933 107143 85714 475574 377124 15526570 15293241 X 46442609 42156634 38971889 42707316 85414498 84863950 100941068 100157191 X -3121382 2580568 -9734 X X 0 1 X 1 1 1 X 2733321 9583078 8975303 6462921 3831213 31585836 2733321 9583078 8975303 6462921 3831213 31585836 2072012 29513824 598433 510095 729919 617703 897894 3354044 7832 32542 6951 47325 812993 237169 1050162 36037367 240601548 0.81900 0.84700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2022 AMOUNT: $ 812,993. 2023 AMOUNT: $ 237,169. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 47560 X X 39359153 2258674 4254295 1530000 83946 44258176 34358994 3477186 2742973 1130000 90000 39359153 36315412 1029403 -1852807 1030000 103041 34358994 27783955 2073210 7592958 1010000 124711 36315412 29774122 418381 -1388548 940000 80000 27783955 0.08621 0.90770 0.00609 0 0 1837209 1837209 59570406 29133110 30437296 16484181 5874764 10609417 10156500 8974775 1181725 595909 595909 44661556 PRIVATE EQUITY FUND 9310104 F OBLIGATION 2732141 F REAL ESTATE 651559 F ABSOLUTE RETURN FUND 759861 F 13453665 ANNUITIES PAYABLE 11800 DUE TO US GOVT PROGRAM 49878 LEASE LIABILITY 315446 377124 X 32619652 2580568 10000 16306 2606874 30012778 143588 22903616 23047204 53059982 33170200 10000 26040 36040 33134160 143588 22903616 23047204 56181364 PART III, LINE 4: MOUNT MERCY HOLDS SEVERAL PIECES OF ARTWORK THAT ARE HELD FOR PUBLIC DISPLAY AT ITS JANALYN HANSON WHITE ART GALLERY AND ITS STUDENT-SUPPORTED PAHA REVIEW ART PROGRAM. ADDITIONALLY, THESE WORKS GENERALLY SUPPORT THE UNIVERSITY'S COMPREHENSIVE UNDERGRADUATE ART PROGRAM. PART X, LINE 2: THE UNIVERSITY IS RECONGIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -9,734. FUNDRAISING & GAMING EXPENSES 26,040. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 22,903,616. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING & GAMING EXPENSES 26,040. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 22,903,616. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MOUNT MERCY UNIVERSITY'S HOMEPAGE DISPLAYS ITS TITLE IX NONDISCRIMINATORY POLICY TO THE PUBLIC. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11408544 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS STUDY ABROAD 276500 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS STUDY ABROAD 428250 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS STUDY ABROAD 2078412 NORTH AMERICA 0 0 SCHOLARSHIPS STUDY ABROAD 59000 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIPS STUDY ABROAD 29000 SOUTH AMERICA 0 0 SCHOLARSHIPS STUDY ABROAD 202535 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS STUDY ABROAD 113070 0 0 0 0 0 0 14595311 0 14595311 INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. CENTRAL AMERICA AND THE CARIBBEAN 10 276500 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. EAST ASIA AND THE PACIFIC 15 428250 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. EUROPE (INCLUDING ICELAND & GREENLAND) 77 2078412 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. NORTH AMERICA 2 59000 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. RUSSIA AND NEIGHBORING STATES 1 29000 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. SOUTH AMERICA 9 202535 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. SUB-SAHARAN AFRICA 5 113070 STUDENT ACCOUNT PAYMENT PROCESS N/A N/A 0 0 0 1 1 0 PART I, LINE 2: ALL INSTITUTIONAL FINANCIAL AID FOR INTERNATIONAL STUDENTS IS MONITORED IN THE SAME MANNER AS DOMESTIC STUDENTS WITH SET ACADEMIC AND OTHER AWARDS CRITERIA FOR ATTENDING ON CAMPUS. SEE FULL EXPLANATION ON SCHEDULE I, PART IV. PART I, LINE 3: ACCRUAL METHOD X X X X X X X 1 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 DATA ANALYSIS, CAMPAIGN DELIVERY, DEVELOPMENT AND DIGITAL MA 0 393831 112000 281831 393831 112000 281831 AL AK AZ AR CA CO CT DE DC 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 GOLF OUTING 91236 78487 12749 6190 9611 497 5218 91236 78487 12749 6190 9611 497 5218 21516 -8767 1 FEDERAL - PELL & SEOG 231 39375 0 N/A N/A OUTSIDE SCHOLARSHIPS - AMERICORP, CARVER GRANT, ICF DEI CHAPTER, ICF WINTER, ICF IGNITE, ICF US BANK, VA CHAPTER 33, VA VOC REHAB, ETC. 17 34156 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, CATHERINE MCAULEY, ETC. 904 19643318 0 N/A N/A PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED COMPLETED CUMULATIVE GPA YEAR 1 24 2.00 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. PART III, COLUMN (B): AWARD LETTERS ARE ISSUED TO PROSPECTIVE STUDENTS WITH THE ELIGIBLE INSTITUTIONAL AID IN ADDITION TO OTHER KNOWN STATE/FEDERAL/OTHER GRANTS PRIOR TO STUDENTS ATTENDING MOUNT MERCY. THE NUMBER OF RECIPIENTS PROVIDED IS BASED ON ACTUAL AWARDED FINANCIAL AID INCLUDING INSTITUTIONAL SCHOLARSHIPS/DISCOUNTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TODD OLSON PRESIDENT 233006 0 0 0 0 0 14400 0 57346 0 304752 0 0 0 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 170743 0 0 0 0 0 10404 0 41786 0 222933 0 0 0 BRENDA HAEFNER VP DEV & ALUMNI RELATIONS 151434 0 0 0 0 0 9757 0 54351 0 215542 0 0 0 TOM CASTLE PROVOST 130849 0 0 0 0 0 8346 0 31797 0 170992 0 0 0 JAY COLEMAN VP ENROLLMENT & MARKETING 121111 0 0 0 0 0 6500 0 28831 0 156442 0 0 0 PART I, LINE 1A THE PRESIDENT AND VP FOR DEVELOPMENT HAVE COUNTRY CLUB MEMBERSHIPS PAID FOR BY THE UNIVERSITY AS PART OF THEIR REGULAR JOB RESPONSIBILITIES. THE UNIVERSITY'S FACILITIES WERE USED IN CARRYING OUT THESE RESPONSIBILITIES. THIS BENEFIT WAS NOT INCLUDED IN THEIR TAXABLE COMPENSATION. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2023-06-14 12921000 REFINANCED EXISTING DEBT 0 0 0 A 518000 12921000 212197 12708803 2023 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 X 6593 FMV X 1 218000 APPRAISAL X TREES 1 15250 COST OF TREES X FOOD 2 3600 COST OF FOOD 1 1 1 0 PART I, COLUMN (B): COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 30B: IN DECEMBER 2023, THE UNIVERSITY RECEIVED A DONATION OF REAL PROPERTY, "THE CONDON HOUSE." THE DONOR INTENT STATES THAT IT IS TO BE UTILIZED AS THE PERMANENT HOME OF THE MMU'S RECTORY. FORM 990, PART VI, SECTION A, LINE 1A ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE GOVERNING BOARD. IT SHALL ALSO BE THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE TO ANNUALLY EVALUATE THE OFFICE OF THE PRESIDENT AND TO ADVISE THE PRESIDENT ACCORDINGLY IN THE PERFORMANCE OF THE PRESIDENT'S RESPONSIBILITIES. AMONG ITS RESPONSIBILITIES ARE RECOMMENDING THE ANNUAL SALARY, BENEFITS, AND RELATED MATTERS TO BE ACCORDED TO THE PRESIDENT AND MEMBERS OF THE PRESIDENT'S CABINET. IT IS ALSO THE RESPONSIBILITY OF THIS COMMITTEE TO ESTABLISH THE PROCESS FOR PRESIDENTIAL SEARCHES. AT LEAST ONCE EVERY FIVE (5) TO TEN (10) YEAR PERIOD OF PRESIDENTIAL INCUMBENCY, IF THE PRESIDENT AND BOARD OF TRUSTEES ARE PREPARED TO RENEW A LONG-TERM COMMITMENT TO EACH OTHER, THE PRESIDENT AND THE BOARD SHALL PARTICIPATE IN A COMPREHENSIVE JOINT REVIEW PROCESS TO BE CONDUCTED AS THE BOARD SHALL THEN DETERMINE. FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. KRISTEN TROVAS AND CHARLIE ROHDE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE & EXECUTIVE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS OF THE INSTITUTION ARE REQUIRED TO DISCLOSE ALL RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST. THIS IS DOCUMENTED WITH AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ALL DISCLOSURES REQUIRED UNDER THE CONFLICT OF INTEREST POLICY MUST BE DIRECTED IN WRITING TO THE SECRETARY OF THE BOARD WHO, TOGETHER WITH THE UNIVERSITY COUNSEL, SHALL BE RESPONSIBLE FOR THE ADMINISTRATION OF THIS POLICY. MATTERS UNDER THIS POLICY CONCERNING TRUSTEES SHALL BE REPORTED INITIALLY TO THE CHAIR OF THE BOARD FOR APPROPRIATE ACTION; THOSE CONCERNING STAFF WILL BE REFERRED INITIALLY TO THE PRESIDENT. INFORMATION DISCLOSED TO THE SECRETARY OR PRESIDENT SHALL BE HELD IN CONFIDENCE EXCEPT WHEN THE BEST INTEREST OF THE INSTITUTION WOULD BE SERVED BY DISCLOSING THE INFORMATION TO THE BOARD IN EXECUTIVE SESSION. TRUSTEES OR OFFICERS WHO HAVE DECLARED OR BEEN FOUND TO HAVE CONFLICT OF INTEREST IN ANY MATTER BEFORE THE ADMINISTRATION OR THE BOARD SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. THE PERSON OR PERSONS INVOLVED SHOULD NOT VOTE ON SUCH MATTERS AND SHOULD NOT BE PRESENT AT THE TIME OF VOTE. THE ORGANIZATION DOCUMENTS ITS PROCEEDINGS AND FINDINGS IN ITS MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS ON A WRITTEN EMPLOYMENT CONTRACT. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT AND KEY OFFICERS OF THE UNIVERSITY ANNUALLY. THE UNIVERSITY USES COMPARATIVE SALARY DATA FROM CUPA (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION) AND IAICU (IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES). MOUNT MERCY PAYS TO RECEIVE THE INFORMATION FROM CUPA AND PAYS AN ANNUAL FEE FOR MEMBERSHIP IN IAICU. SEE SCHEDULE J, PART III. THE COMPENSATION COMMITTEE EITHER APPROVES THE BUDGET OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -9,734. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.