2023-03-28T08:17:50-05:00 2022-05-31 390859910 BAKER TILLY US LLP 225 SOUTH SIXTH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2021-06-01 410695527 ST MARYS UNIVERSITY OF MINNESOTA STMA 5074571445 700 TERRACE HEIGHTS WINONA MN 559871399 BENJAMIN MURRAY EXECUTIVE VP AND CFO 5074571445 2023-03-13 1 BENJAMIN MURRAY 999009999 KAREN A GRIES P00078514 6128764500 2023-03-13 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z FATHER JAMES BURNS 700 TERRACE HEIGHTS WINONA MN 559871399 127354518 0 X WWW.SMUMN.EDU X 1912 MN SEE SCHEDULE O 28 27 1783 34 0 0 20957917 21464046 84408845 84283112 3308856 1790398 475257 576808 109150875 108114364 24421588 25759013 0 0 44036074 42679070 0 0 2104099 28063440 34850471 96521102 103288554 12629773 4825810 206783049 202355583 29680028 25675680 177103021 176679903 X ENRICHED BY THE LASALLIAN CATHOLIC HERITAGE, SAINT MARY'S UNIVERSITY OF MINNESOTA AWAKENS, NURTURES, AND EMPOWERS LEARNERS TO ETHICAL LIVES OF SERVICE AND LEADERSHIP. 0 0 63399956 25759013 76086605 INSTRUCTION AND ACADEMIC SUPPORT:SAINT MARY'S UNIVERSITY OF MINNESOTA HAS TWO PRIMARY ACADEMIC UNITS: THE COLLEGE AND THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP). THE COLLEGE CONSISTS OF THE TRADITIONAL UNDERGRADUATE BACHELOR OF ARTS EXPERIENCE BASED ON THE WINONA CAMPUS. THE SGPP INCLUDES CONTINUING EDUCATION OFFERINGS, CERTIFICATE PROGRAMS, BACHELOR OF SCIENCE COMPLETION PROGRAMS, MASTER'S PROGRAMS, EDUCATION SPECIALIST PROGRAM AND FOUR DOCTORAL PROGRAMS. ACROSS THE 12-MONTH 2021-2022 ACADEMIC YEAR THE COLLEGE ENROLLED 1,001 STUDENTS AND DELIVERED 28,779 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 4,754 STUDENTS ACROSS THE 2021-2022 ACADEMIC YEAR AND DELIVERED 51,841 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT SGPP IN 2022-2023. THE UNIVERSITY OFFERS 28 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 64 PROGRAMS WITHIN THE SGPP. 17425363 699648 STUDENT SERVICES:IN 2021-2022, 311 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 32% OF THAT POPULATION) PARTICIPATED IN 15 NCAA DIVISION III SPORTS OFFERED AT SAINT MARY'S UNIVERSITY. PARTICIPATION IN INTRAMURAL ACTIVITIES ANNUALLY IS MORE THAN 40%. THE FINANCIAL AID OFFICE PROCESSED $63,630,880 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2021-2022. 80 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2021-2022. TWENTY STUDENTS PARTICIPATED IN THE FIRST GENERATION INITIATIVE PROGRAM, WHICH OFFERS SELECTED STUDENTS SCHOLARSHIPS TO ATTEND THE UNIVERSITY AND SPECIAL SUPPORT ACTIVITIES WHICH INCLUDE STUDY HALLS, SPECIALIZED ADVISING AND SOCIAL ACTIVITIES WHICH PROMOTE RETENTION AND STUDENT SUCCESS. IN ADDITION STUDENT SUCCESS CENTER OFFERS ACADEMIC ADVISING AND TUTORING/LEARNING SERVICES, INCLUDING NEW STUDENT ORIENTATION TO ALL COLLEGE STUDENTS. STUDENTS CAN ALSO MAKE USE OF THE WRITING CENTER, INTERNATIONAL CENTER, CAREER SERVICES AND INTERNSHIPS, RISE (RECREATION, INVOLVEMENT AND STUDENT ENGAGEMENT) AS WELL AS CAMPUS MINISTRY FOR A WELL ROUNDED COMMUNITY EXPERIENCE. 5883909 7967347 AUXILIARY SERVICES: SAINT MARYS' UNIVERSITY OF MINNESOTA OFFERS ITS WINONA UNDERGRADUATE STUDENTS A COMPREHENSIVE RESIDENTIAL LIFE EXPERIENCE. LIVING ON CAMPUS MEANS BEING PART OF A CLOSE-KNIT COMMUNITY, AND CREATING FRIENDSHIPS AND CONNECTIONS THAT LAST A LIFETIME. 83% OF STUDENTS AT THE COLLEGE, RESIDE ON CAMPUS. TWELVE RESIDENCE HALLS ARE LOCATED ON OUR BEAUTIFUL WINONA CAMPUS, SURROUNDED BY 450 ACRES OF WOODED BLUFFS AND TRAILS. RESIDENCE OPTIONS OFFER STUDENTS A VARIETY OF TRADITIONAL SINGLE AND DOUBLE OCCUPANCY ROOMS, SUITES, AND APARTMENT-STYLE OPTIONS. SAINT MARYS' UNIVERSITY OF MINNESOTA OFFERS THREE CONVENIENT ON-CAMPUS DINING OPTIONS, TONER STUDENT CENTER DINING HALL, CARDINAL CAFE, AND CARDINAL COFFEE. SEVERAL MEAL PLANS ARE TAILORED TO MEET EACH STUDENT'S NEEDS AND SCHEDULES. STUDENTS CAN ALSO UTILIZE A NEW MARKET, WHICH CONTAINS A VARIETY OF CONVENIENT SNACKS AND BEVERAGES. 86709228 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 113 0 1783 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 AK CO DC IL MA MD MI MN ND NH NY OH SC WA X BENJAMIN MURRAY 5074571445 700 TERRACE HEIGHTS 8 WINONA MN 55987 BURNS FATHER JAMES PRESIDENT 40.00 X X 343392 0 44257 RUSSELL TERRANCE K CHAIR 1.00 X X 0 0 0 LAAK MICHAEL VICE CHAIR 1.00 X X 0 0 0 SIMON SANDRA SECRETARY 1.00 X X 0 0 0 STEVENS GREGORY TREASURER 1.00 X X 0 0 0 BARYL JENNIFER TRUSTEE 1.00 X 0 0 0 BILSKI MATTHEW TRUSTEE 1.00 X 0 0 0 BIMONTE BRO ROBERT TRUSTEE 1.00 X 0 0 0 CERONE ROBERT TRUSTEE 1.00 X 0 0 0 COLLETTI JEROME TRUSTEE 1.00 X 0 0 0 CURRAN BRO JACK TRUSTEE 1.00 X 0 0 0 DOMANICO JOHN TRUSTEE 1.00 X 0 0 0 FEHRENBACH BRO MICHAEL TRUSTEE 1.00 X 0 0 0 FESTEKJIAN RAFFI TRUSTEE 1.00 X 0 0 0 GOSTOUT BOBBIE TRUSTEE 1.00 X 0 0 0 HAYDOCK ROGER TRUSTEE 1.00 X 0 0 0 JACOBS MARK TRUSTEE 1.00 X 0 0 0 JOHNSON AMY TRUSTEE 1.00 X 0 0 0 JOHNSON BRO THOMAS TRUSTEE 1.00 X 0 0 0 KAISER JULIE TRUSTEE 1.00 X 0 0 0 LANDMAN SARAH TRUSTEE 1.00 X 0 0 0 MCGINNISS BRO MICHAEL TRUSTEE 1.00 X 0 0 0 O'HERN BRO MICHAEL TRUSTEE 1.00 X 0 0 0 STEGER ANGELA TRUSTEE 1.00 X 0 0 0 TRAUSCHT ANN TRUSTEE 1.00 X 0 0 0 VAN FOSSEN MARCY TRUSTEE 1.00 X 0 0 0 WADE JOHN TRUSTEE 1.00 X 0 0 0 WLAZIK MARY PAT TRUSTEE 1.00 X 0 0 0 CLASEN MARY PAT TRUSTEE (OUTGOING) 1.00 X 0 0 0 O'LEARY KAYE TRUSTEE (OUTGOING) 1.00 X 0 0 0 MURRAY BENJAMIN EXECUTIVE VICE PRESIDENT & CFO 40.00 X 185615 0 21601 MERCHLEWITZ ANN SENIOR VP & GENERAL COUNCEL 40.00 X 97233 0 23520 SCHMISEK BRIAN PROVOST AND DEAN OF FACULTIES 40.00 X 213565 0 22778 KLEIN GARY VP, ADVANCEMENT 40.00 X 209834 0 30316 GORDON LEAH PROGRAM DIRECTOR - NURSE ANESTHESIA 40.00 X 194776 0 23696 GAUDERMAN JULIE ASSOCIATE DIRECTOR- NURSE ANESTHESIA 40.00 X 171109 0 41094 SHANNON KELLY VP, MARKETING AND COMMUNICATION 40.00 X 160403 0 19160 ALBERS TIMOTHY VICE PROVOST, ENROLLMENT MANAGER 40.00 X 147755 0 38951 CARROLL-GLOVER ANDREA VICE PROVOST, ONLINE STRATEGY & PROGRAMS 40.00 X 144381 0 32616 1868063 0 297989 26 0 1 0 WILEY 1415 WEST 22ND ST SUITE 400 OAK BROOK IL 60523 ONLINE LEARNING 8122001 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2189853 WINONA HEATING AND VENTILATING 374 EAST SECOND ST WINONA MN 55987 CONSTRUCTION CONTRACTOR 705060 DLR GROUP 520 NICOLLET MALL SUITE 200 MINNEAPOLIS MN 55402 CONSTRUCTION CONTRACTOR 526491 THESIS AMERICAS INC DEPT CH 10977 PALATINE IL 60055 SOFTWARE 504144 29 8210900 13253146 320316 21464046 TUITION AND FEES 541900 74456772 74456772 AUXILIARY ENTERPRISES 611710 7967347 7967347 TECHNOLOGY FEE 541900 947300 947300 SPONSORED RESEARCH 541700 682533 682533 ADVANCED COLLEGE CREDI 611110 229160 229160 84283112 1623401 1623401 334767 228447 106320 106320 106320 19178704 19011707 166997 166997 166997 MISCELLANEOUS 611519 470488 470488 470488 108114364 84753600 0 1896718 25759013 25759013 2064895 631896 1120244 312755 33039016 27190509 4955193 893314 1795200 1422827 310695 61678 3151468 2539253 510811 101404 2628491 2073276 463252 91963 55534 55534 100684 100684 280273 280273 2273595 498331 1675598 99666 1843115 1474492 276467 92156 5418755 4033560 1127878 257317 1526006 1159805 289901 76300 3378158 3065614 312544 1669928 1335943 250489 83496 680995 544796 102149 34050 357715 304058 53657 3606605 3065614 540991 479319 407421 71898 ONLINE FEE 8508605 7232314 1276291 FOOD SERVICE 2244859 1908130 336729 EQUIPMENT RENTAL & MAIN 1920539 1632458 288081 SPECIAL PROGRAMS 505786 429918 75868 103288554 86709228 14475227 2104099 22315240 23166019 4879000 8900000 4231999 5279277 519373 273570 175715090 76323290 97952604 99391800 65408115 55086568 9476085 8985362 1144741 912458 855892 360529 206783049 202355583 5240023 4144855 1205643 958893 12645251 12540243 8390460 4736985 41968 40802 35013 23131 2121670 3230771 29680028 25675680 X 98299219 101425592 78803802 75254311 177103021 176679903 206783049 202355583 X 4825810 -5195113 -53815 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 120211 120211 0 PART II-B, LINE 1: LOBBYING ACTIVITIES: SAINT MARY'S UNIVERSITY OF MINNESOTA IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. SAINT MARY'S UNIVERSITY OF MINNESOTA PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $154,334 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2022 INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 77.89% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $120,211 OF SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 509015 X 0 0 1 X 79834314 1885888 -3603634 3069000 2500000 72547568 58898667 8202767 15800880 3068000 79834314 60992695 1843497 1662961 5600486 58898667 64245509 1763990 -247822 4768982 60992695 58820983 2107589 5993649 2676712 64245509 0.22620 0.77380 0.00000 1 0 2405662 2405662 128112093 39095075 89017018 4400255 3681708 718547 33180601 28847631 4332970 7616479 4698876 2917603 99391800 ANNUITIES PAYABLE 328978 REFUNDABLE DEPOSITS 155568 ASSET RETIREMENT OBLIGATION 971875 CONTRACT PAYABLE 1774350 3230771 X 79670045 -5195113 228447 -4966666 84636711 280273 23197380 23477653 108114364 80093163 267102 267102 79826061 280273 23182220 23462493 103288554 PART III, LINE 4: THE ARTWORK AT THE UNIVERSITY INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE. PART IV, LINE 2B: THE UNIVERSITY HOLDS AGENCY FUNDS AND SAVINGS FOR STUDENT GROUPS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 228,447. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 23,182,220. LOSS ON FUNDS HELD IN TRUST BY OTHERS 15,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ACTUARIAL ADJUSTMENT 38,655. RENTAL EXPENSES 228,447. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 23,182,220. 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 INCLUDES A RACIALLY NONDISCRIMINATORY POLICY ON ALL APPLICATIONS, OUR WEBSITE, OUR UNDERGRADUATE AND GRADUATE CATALOGS AND HANDBOOKS, AND OUR EMPLOYMENT OPPORTUNITIES PAGES. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. CENTRAL AMERICAN AND CARIBBEAN 0 6 PROGRAM SERVICES EDUCATION 5000 CENTRAL AMERICAN AND CARIBBEAN 0 0 INVESTMENTS 8985362 0 6 0 0 0 6 8990362 0 8990362 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN CORPORATIONS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, THE PARTNERSHIPS HAVE FILED FORM 8621 ON THEIR PARTNERS' BEHALF, AND THEREFORE THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT. 1 SCHOLARSHIPS AND GRANTS 911 23182220 CARES ACT STUDENT FINANCIAL ASSISTANCE 2682 2576793 PART I, LINE 2: THE UNIVERSITY DISTRIBUTES SCHOLARSHIPS BASED ON NEED AND MERIT. NEED BASED SCHOLARSHIPS ARE AWARDED BY THE FINANCIAL AID OFFICE USING THE INFORMATION FROM THE RESULTS OF THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID). MERIT BASED SCHOLARSHIPS ARE AWARDED BY THE ADMISSIONS OFFICE USING THE INFORMATION FROM THE STUDENT'S OFFICIAL HIGH SCHOOL TRANSCRIPTS AND THE RESULTS OF THE STANDARDIZED TEST (ACT, SAT, ETC.). FOR STUDENTS RECEIVING GRANTS AND SCHOLARSHIP FUNDS WITH RENEWAL CONDITIONS, FULFILLMENT OF THOSE CONDITIONS ARE VERIFIED BY THE FINANCIAL AID ADMINISTRATOR PRIOR TO THE AWARD BEING RENEWED (GPA, YEAR OF ATTENDANCE, ETC.) X 1 1 X X 0 0 0 0 0 0 0 0 0 BURNS FATHER JAMES PRESIDENT 342840 0 0 0 552 0 16500 0 27757 0 387649 0 0 0 KLEIN GARY VP, ADVANCEMENT 209404 0 0 0 430 0 11101 0 19215 0 240150 0 0 0 SCHMISEK BRIAN PROVOST AND DEAN OF FACULTIES 213101 0 0 0 464 0 10875 0 11903 0 236343 0 0 0 GORDON LEAH PROGRAM DIRECTOR - NURSE ANESTHESIA 194608 0 0 0 168 0 9915 0 13781 0 218472 0 0 0 GAUDERMAN JULIE ASSOCIATE DIRECTOR- NURSE ANESTHESIA 170979 0 0 0 130 0 9071 0 32023 0 212203 0 0 0 MURRAY BENJAMIN EXECUTIVE VICE PRESIDENT & CFO 185394 0 0 0 221 0 9259 0 12342 0 207216 0 0 0 ALBERS TIMOTHY VICE PROVOST, ENROLLMENT MANAGER 146884 0 0 0 871 0 8000 0 30951 0 186706 0 0 0 SHANNON KELLY VP, MARKETING AND COMMUNICATION 159492 0 0 0 911 0 8250 0 10910 0 179563 0 0 0 CARROLL-GLOVER ANDREA VICE PROVOST, ONLINE STRATEGY & PROG 144111 0 0 0 270 0 7670 0 24946 0 176997 0 0 0 PART I, LINE 1A AS PART OF HIS EMPLOYMENT CONTRACT, PRESIDENT BURNS IS PROVIDED WITH EMPLOYER PAID HOUSING IN THE AMOUNT OF $18,000. THIS AMOUNT IS INCLUDED IN HIS NON-TAXABLE BENEFITS IN COLUMN D OF PART II. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 5546000 BRIDGE LOAN 0 0 0 A 750000 5546000 46000 5500000 2018 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 7: DURING THE TWELVE MONTH PERIOD THE UNIVERSITY WORKED WITH OUTSIDE CONSULTANTS TO MONITOR COMPLIANCE; REBATE ANALYSTS HAVE BEEN ENGAGED SINCE THE INITIAL ISSUE. X 10 320316 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: SAINT MARY'S UNIVERSITY OF MINNESOTA'S POLICY IS TO SELL ALL STOCK GIFTS RECEIVED AT THE TIME OF RECEIPT. FORM 990, PART I, LINE 1 SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC COMPREHENSIVE INSTITUTION SERVING ABOUT 4,100 STUDENTS EACH YEAR. THE UNIVERSITY DELIVERS AN AFFORDABLE, PERSONALIZED EDUCATION GUIDED BY ITS LASALLIAN CATHOLIC HERITAGE. RANKED AS MINNESOTA'S "BEST VALUE'' BY U.S. NEWS & WORLD REPORT IN 2022 FOR MIDWEST REGIONAL UNIVERSITIES, SAINT MARY'S OFFERS A WIDE ARRAY OF PROGRAMS FOR ALL STUDENTS AT EVERY STAGE OF THEIR LIVES, UNDERGRADUATE TO DOCTORATE. SAINT MARY'S RELEVANT AND REPUTABLE PROGRAMS, REAL-WORLD EXPERIENCES, AND CARING FACULTY HELP STUDENTS ACHIEVE THEIR GOALS. THE UNIVERSITY HAS CAMPUSES IN WINONA, MINNEAPOLIS, AND ROCHESTER. SAINT MARY'S UNDERGRADUATE, LIBERAL ARTS COLLEGE OFFERS A VARIETY OF MAJORS AT ITS STUNNING 450-ACRE WINONA CAMPUS, SERVING ABOUT 850 STUDENTS. THE VIBRANT COLLEGE BOASTS CHALLENGING ACADEMIC PROGRAMS, INCLUDING ITS NEW B.S. IN NURSING, AND A TRADITIONAL RESIDENTIAL EXPERIENCE. THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS OFFERS BACHELOR'S COMPLETION, MASTER'S AND DOCTORAL DEGREES, AND ACCELERATED GRADUATE CERTIFICATES PROGRAMS, SERVING ABOUT 3,250 STUDENTS EACH YEAR. SAINT MARY'S OFFERS FLEXIBLE COURSE SCHEDULES, DIVERSE LEARNING FORMATS, AND MULTIPLE START DATES THROUGHOUT THE YEAR, CREATING GREATER ACCESS TO A QUALITY EDUCATION FOR ADULT LEARNERS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE FULL POWERS OF THE BOARD TO TAKE SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN THE EVENT OF AN EMERGENCY OR OTHER EXIGENT CIRCUMSTANCES, AS DETERMINED BY EITHER THE PRESIDENT OR THE CHAIR. THE COMMITTEE CONSISTS OF THE CHAIR, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE CHAIR OF EACH OF THE STANDING COMMITTEES, THE IMMEDIATE PAST-CHAIR OF THE BOARD IF THAT PERSON IS STILL SERVING ON THE BOARD, AND THE PROVINCIAL OF THE MIDWEST DISTRICT OF THE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 6 THE DE LA SALLE CHRISTIAN BROTHERS (MIDWEST DISTRICT) ARE CONSIDERED MEMBERS. AS AN ENTITY, THEY DO NOT HAVE ANY VOTING POWERS. FORM 990, PART VI, SECTION A, LINE 8B EACH COMMITTEE REPORTS ITS ACTION TO THE GENERAL SESSION OF THE BOARD OF TRUSTEES. COMMITTEE ACTIONS ARE DOCUMENTED THROUGH THE MINUTES OF THE GENERAL SESSION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990. AFTER REVIEW BY THE AUDIT COMMITTEE, THE BOARD OF TRUSTEES RECEIVES A COPY OF THE PUBLIC INSPECTION COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IN JUNE OF EACH YEAR, TRUSTEES, OFFICE HOLDERS AND COMMITTEE MEMBERS DISCLOSE IN WRITING: (1) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER; (2) ALL CONTRACTS OF BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND A FAMILY MEMBER; AND (3) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND AN ORGANIZATION IN WHICH THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER OR THEIR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. THE GENERAL COUNSEL SHALL REVIEW THE REPORT AND THEN PRESENT A REPORT TO THE EXECUTIVE COMMITTEE WITH THE DETAILS OF THE CONFLICT OF INTEREST AND RECOMMENDATIONS. UPON RECEIPT OF THE REPORT FROM THE GENERAL COUNSEL, THE EXECUTIVE COMMITTEE SHALL MEET TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR APPEARS TO EXIST. THE EXECUTIVE COMMITTEE SHALL RECORD A SUMMARY OF THE INTEREST, THE DETERMINATIONS MADE AND THE ACTIONS TAKEN BY THE COMMITTEE REGARDING THE POSSIBLE CONFLICT. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION IT DEEMS APPROPRIATE INCLUDING: 1) FINDING THAT THE POTENTIAL CONFLICT OF INTEREST IS NOT DIRECT OR MATERIAL AND THAT THE UNIVERSITY'S INTERESTS ARE BEST SERVED BY THE TRUSTEE'S, OFFICE HOLDER'S OR COMMITTEE MEMBER'S PARTICIPATION; 2) RESTRICTING THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER FROM ATTENDING ANY MEETING OR GATHERING AT ANY TIME AT WHICH THE MATTER IN QUESTION IS DISCUSSED; OR 3) UPON DETERMINING THAT THE CONTRACT OR BUSINESS TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST AND IS FAIR AND REASONABLE, APPROVE THE PROPOSED CONTRACT OR BUSINESS TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION FOR THE PRESIDENT ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF COMPENSATION. THE PRESIDENT SUPPORTED BY THE AVP FOR HUMAN RESOURCES AND CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION OF ALL OTHER POSITIONS ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF EXECUTIVE-LEVEL COMPENSATION, DEFINED AS CABINET-LEVEL POSITIONS. SALARY SURVEY DATA FROM CUPA-HR (COLLEGE UNIVERSITY PROFESSIONAL ASSOCIATION HUMAN RESOURCES), A NATIONAL DATA-BASE OF HIGHER EDUCATION SALARY INFORMATION, IS USED TO ASSESS AND ESTABLISH COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE MINNESOTA SECRETARY OF STATE. THE BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH EMMA (ELECTRONIC MUNICIPAL MARKET ACCESS). FORM 990, PART XI, LINE 9: LOSS ON FUNDS HELD BY OTHERS -15,160. LOSS ON ACTUARIAL ADJUSTMENT -38,655. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUST (6) CHARITABLE TRUST MN N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0