TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA (EIN 41-0693960)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-02
- IRS object ID
- 202311229349302701
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-02T14:59:54-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410693960 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THE HAMLINE UNIVERSITY | BusinessNameLine1Txt |
| Business Name Line2 | OF MINNESOTA | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 6515232329 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1536 HEWITT AVE | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FAYNEESE MILLER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6515232329 | PhoneNum |
| Signature | 2023-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | FAYNEESE | PersonFirstNm |
| Person Last | MILLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2023-04-25 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAMLINE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FAYNEESE MILLER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1536 HEWITT AVE | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $136,424,567 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HAMLINE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Other Organization Dsc | NON PROFIT PRIVATE SCHOOL | OtherOrganizationDsc |
| Formation | 1854 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | AT HAMLINE, OUR MISSION IS TO CREATE A DIVERSE AND COLLABORATIVE COMMUNITY OF LEARNERS DEDICATED TO THE DEVELOPMENT OF STUDENTS' KNOWLEDGE, VALUES, AND SKILLS FOR SUCCESSFUL LIVES OF LEADERSHIP, SCHOLARSHIP, AND SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 1535 | TotalEmployeeCnt |
| Total Volunteers | 300 | TotalVolunteersCnt |
| Total Gross UBI | $72,020 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $4,312 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,127,939 | PYContributionsGrantsAmt |
| CY Contributions Grants | $17,797,910 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $95,692,758 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $96,304,371 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,020,776 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,546,128 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,548,593 | PYOtherRevenueAmt |
| CY Other Revenue | $950,344 | CYOtherRevenueAmt |
| PY Total Revenue | $118,390,066 | PYTotalRevenueAmt |
| CY Total Revenue | $121,598,753 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,803,222 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $40,946,950 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $37,911,114 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,237,375 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $13,886 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $10,589 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,335,832 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $31,236,450 | PYOtherExpensesAmt |
| CY Other Expenses | $38,268,180 | CYOtherExpensesAmt |
| PY Total Expenses | $109,964,672 | PYTotalExpensesAmt |
| CY Total Expenses | $114,463,094 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,425,394 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,135,659 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $258,196,075 | TotalAssetsBOYAmt |
| Total Assets EOY | $236,938,668 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,664,997 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $57,723,174 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $197,531,078 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $179,215,494 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FOUNDED IN 1854, HAMLINE UNIVERSITY IS A NATIONALLY RANKED COMPREHENSIVE UNIVERSITY SERVING 2,900 STUDENTS IN ITS COLLEGE OF LIBERAL ARTS, SCHOOL OF EDUCATION, AND SCHOOL OF BUSINESS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORATE AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,915,760 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $89,883,764 | RevenueAmt |
| Desc | HAMLINE UNIVERSITY IS A NATIONALLY-RANKED, COMPREHENSIVE UNIVERSITY SERVING NEARLY 2,900 STUDENTS IN ITS COLLEGE OF LIBERAL ARTS, SCHOOL OF EDUCATION, AND SCHOOL OF BUSINESS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORAL AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. FOUNDED IN 1854, HAMLINE UNIVERSITY WAS THE FIRST INSTITUTION OF HIGHER LEARNING IN MINNESOTA. THE UNIVERSITY HAS ESTABLISHED A NATIONAL REPUTATION FOR ACADEMIC QUALITY, AS WELL AS PROVIDING STUDENTS WITH PERSONAL ATTENTION AND HIGH-IMPACT LEARNING EXPERIENCES. HAMLINE IS ONE OF JUST 290 PHI BETA KAPPA INSTITUTIONS IN THE UNITED STATES. AMONG COMPREHENSIVE UNIVERSITIES, U.S. NEWS AND WORLD REPORT RANKS HAMLINE AS ONE OF THE TOP-RANKED MINNESOTA UNIVERSITIES IN ITS CATEGORY OF BEST REGIONAL UNIVERSITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,559,942 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $791,100 | RevenueAmt |
| Desc | HAMLINE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO ITS STUDENTS THROUGH SUPPORT SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF INSTRUCTION. THIS INCLUDES EXPENSES FOR LIBRARIES, GALLERIES, AUDIO/VISUAL SERVICES, ACADEMIC DEVELOPMENT, ACADEMIC COMPUTING SUPPORT, COURSE AND CURRICULUM DEVELOPMENT, AND ACADEMIC ADMINISTRATION. THE REVENUE INCLUDES CONTRACTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $59,424,691 | ExpenseAmt |
| Grant | $40,946,950 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | HAMLINE UNIVERSITY PROVIDES STUDENT SERVICES TO ITS STUDENTS AND INCLUDES SUCH EXPENSES AS ADMISSIONS, FINANCIAL AID, ADMINISTRATION, REGISTRAR ACTIVITIES, AND ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTIONAL PROGRAM. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $9,053,157 | $0 | $4,164,304 | HAMLINE UNIVERSITY PROVIDES AUXILIARY SERVICES TO STUDENTS WHICH ARE ESSENTIALLY THE SELF SUPPORTING OPERATIONS OF THE UNIVERSITY. THESE SERVICES CHARGE A FEE TO STUDENTS THAT IS DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF PROVIDING THE SERVICE. EXAMPLES ARE RESIDENCE HALLS, STUDENT HEALTH SERVICES, AND THE CAMPUS BOOKSTORE. |
| $1,735,239 | $0 | $2,340,550 | EXPENDITURES OF THOSE OFFICES AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO SUPPORT THE PROGRAM ACTIVITIES OF THE UNIVERSITY. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $10,788,396 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $6,504,854 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $102,688,789 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | Yes (1) | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4739 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1535 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRENT GUSTAFSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6515232329 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1536 HEWITT AVE | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| FAYNEESE MILLER | ||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $533,641 | $0 | $161,546 | ||
| BRENDA EDMONDSON HEIM '77 | ||||||||
| CHAIR | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ELLEN E WATTERS | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROBERTA SAUNDERS | ||||||||
| SECETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHAD R BESTER '02 | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAUL ABLAN '82 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LORINDA BURGESS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD J CHAFFEE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL M DADLEZ JD '94 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBIN DIETZ-MAYFIELD '77 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRYCE DOTY '88 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WINSTON FOLKERS '57 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CINDY GREGORSON '81 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK C HECTORNE '75 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNY KEIL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT C KLAS JR '75 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW MASSMAN '88 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REUBEN MOORE MBA '12 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREA MOWERY '93 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN PACKARD '75 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN L RICHARDS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARIAH F TOLLGAARD | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARCIA E URBAN JD '82 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DON WEIDA '72 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICH M WIEN '68 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DENNIS WILLIAMS '94 | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JAI WINSTON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARGARET TUNGSETH | ||||||||
| VP FOR FINANCE & ADMIN | 40.00 | Yes (X) | $186,212 | $0 | $9,932 | |||
| MICHELLE HEGARTY | ||||||||
| INTERIM VP FOR FINANCE & ADMIN | 40.00 | Yes (X) | $146,655 | $0 | $21,756 | |||
| BRENT GUSTAFSON | ||||||||
| VP FOR FINANCE & ADMIN | 40.00 | Yes (X) | $0 | $0 | $0 | |||
| CATHERINE WASSBERG | ||||||||
| GENERAL COUNSEL | 40.00 | $273,196 | $0 | $24,507 | Yes (X) | |||
| ANNE MCCARTHY | ||||||||
| DEAN OF SCHOOL OF BUSINESS | 40.00 | $208,217 | $0 | $20,323 | Yes (X) | |||
| MICHAEL TOMPOS | ||||||||
| VP OF DEVELOPMENT | 40.00 | $198,121 | $0 | $21,600 | Yes (X) | |||
| MARCELA KOSTIHOVA | ||||||||
| DEAN OF COLLEGE OF LIBERAL ARTS | 40.00 | $156,498 | $0 | $23,550 | Yes (X) | |||
| MAI NHIA XIONG-CHAN | ||||||||
| VP OF ENROLLMENT MANAGEMENT | 40.00 | $153,471 | $0 | $15,391 | Yes (X) | |||
| JASON VERDUGO | ||||||||
| ATHLETIC DIRECTOR | 40.00 | $170,835 | $0 | $16,262 | Yes (X) | |||
| TERRY METZ | ||||||||
| CIO & UNIVERSITY LIBRARIAN | 40.00 | $143,526 | $0 | $13,281 | Yes (X) | |||
| LISA TODD | ||||||||
| DIRECTOR OF HR | 40.00 | $142,917 | $0 | $12,474 | Yes (X) | |||
| PATTI KLEIN - KERSTEN | ||||||||
| VP & DEAN OF STUDENTS | 40.00 | $139,955 | $0 | $14,120 | Yes (X) | |||
| ANDY RUNDQUIST | ||||||||
| INTERIM PROVOST | 40.00 | $133,555 | $0 | $20,642 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,586,799 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $375,384 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 23 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MARSDEN BLDG MAINT LLC | |||||
| PO BOX 1150 | MINNEAPOLIS | MN | 55480 | JANITORIAL SERVICES | $2,096,412 |
| ARAMARK CORPORATION | |||||
| 27310 NETWORK PLACE | CHICAGO | IL | 60673 | FOOD SERVICE | $1,993,421 |
| EAB | |||||
| PO BOX 603519 | CHARLOTTE | NC | 28260 | RESEARCH | $1,710,161 |
| ACCENTURE LLP | |||||
| PO BOX 70629 | CHICAGO | IL | 60673 | CONSULTING | $1,700,712 |
| MARCO INC | |||||
| NW 7128 PO BOX 1450 | MINNEAPOLIS | MN | 55485 | COPY/PRINT SERVICES | $446,825 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $10,823,860 | GovernmentGrantsAmt |
| All Other Contributions | $6,974,050 | AllOtherContributionsAmt |
| Noncash Contributions | $597,547 | NoncashContributionsAmt |
| Total Contributions | $17,797,910 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND RELATED SE | 611310 | $89,883,764 | $89,883,764 | |
| AUXILLARY ENTERPRISE I | 721310 | $3,219,272 | $3,213,960 | $5,312 |
| OTHER SOURCES | 611710 | $2,410,235 | $2,340,550 | $69,685 |
| SALES AND SERVICES OF | 611310 | $791,100 | $791,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $96,304,371 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,128,296 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$2,977 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,131,273 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,145,866 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,728,034 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,417,832 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,417,832 | TotalRevenueColumnAmt |
| Exclusion | $5,417,832 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $3,048,124 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,097,780 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $950,344 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $950,344 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $121,598,753 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,179,718 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $72,020 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,549,105 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,675,200 | TotalAmt |
| Program Services | $40,675,200 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,750 | TotalAmt |
| Program Services | $251,750 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,693,521 | TotalAmt |
| Management And General | $1,693,521 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,562,313 | TotalAmt |
| Program Services | $22,833,751 | ProgramServicesAmt |
| Management And General | $2,908,009 | ManagementAndGeneralAmt |
| Fundraising | $820,553 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,680,547 | TotalAmt |
| Program Services | $1,322,542 | ProgramServicesAmt |
| Management And General | $358,005 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,395,582 | TotalAmt |
| Program Services | $2,892,179 | ProgramServicesAmt |
| Management And General | $503,403 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,905,412 | TotalAmt |
| Program Services | $1,731,768 | ProgramServicesAmt |
| Management And General | -$24,075 | ManagementAndGeneralAmt |
| Fundraising | $197,719 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,116,690 | TotalAmt |
| Program Services | $1,116,690 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,876 | TotalAmt |
| Program Services | $10,029 | ProgramServicesAmt |
| Management And General | $212,847 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,464 | TotalAmt |
| Management And General | $109,464 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,589 | TotalAmt |
| Fundraising | $10,589 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,197 | TotalAmt |
| Management And General | $700,197 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,188,816 | TotalAmt |
| Program Services | $3,259,722 | ProgramServicesAmt |
| Management And General | -$76,780 | ManagementAndGeneralAmt |
| Fundraising | $5,874 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,000,896 | TotalAmt |
| Program Services | $1,536,640 | ProgramServicesAmt |
| Management And General | $401,988 | ManagementAndGeneralAmt |
| Fundraising | $62,268 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,012,673 | TotalAmt |
| Program Services | $3,530,608 | ProgramServicesAmt |
| Management And General | $414,445 | ManagementAndGeneralAmt |
| Fundraising | $67,620 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,411,271 | TotalAmt |
| Program Services | $2,849,927 | ProgramServicesAmt |
| Management And General | $546,701 | ManagementAndGeneralAmt |
| Fundraising | $14,643 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,181,427 | TotalAmt |
| Program Services | $6,672,489 | ProgramServicesAmt |
| Management And General | $497,063 | ManagementAndGeneralAmt |
| Fundraising | $11,875 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,594,442 | TotalAmt |
| Program Services | $1,408,439 | ProgramServicesAmt |
| Management And General | $170,579 | ManagementAndGeneralAmt |
| Fundraising | $15,424 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $745,542 | TotalAmt |
| Program Services | $420,892 | ProgramServicesAmt |
| Management And General | $324,650 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,734,407 | TotalAmt |
| Program Services | $1,628,608 | ProgramServicesAmt |
| Management And General | $95,600 | ManagementAndGeneralAmt |
| Fundraising | $10,199 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,165,146 | TotalAmt |
| Program Services | $5,817,261 | ProgramServicesAmt |
| Management And General | $313,771 | ManagementAndGeneralAmt |
| Fundraising | $34,114 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $821,084 | TotalAmt |
| Program Services | $297,644 | ProgramServicesAmt |
| Management And General | $523,440 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM EXPENSE | $4,473,397 | $4,388,443 | $0 | $84,954 |
| BAD DEBT EXPENSE | $747,790 | -$1,331 | $749,121 | $0 |
| OTHER EXPENSES | $42,062 | $25,538 | $16,524 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,463,094 | TotalAmt |
| Program Services | $102,688,789 | ProgramServicesAmt |
| Management And General | $10,438,473 | ManagementAndGeneralAmt |
| Fundraising | $1,335,832 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,456,247 | BOYAmt |
| EOY | $10,338,856 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,484,519 | BOYAmt |
| EOY | $1,968,309 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,553,426 | BOYAmt |
| EOY | $4,913,236 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,882 | BOYAmt |
| EOY | $80,649 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,049,254 | BOYAmt |
| EOY | $8,678,317 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $222,302,392 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $133,484,365 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,353,304 | BOYAmt |
| EOY | $88,818,027 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,109,614 | BOYAmt |
| EOY | $113,733,700 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,740,774 | BOYAmt |
| EOY | $1,909,280 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,747,396 | BOYAmt |
| EOY | $2,151,516 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,641,659 | BOYAmt |
| EOY | $4,346,778 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $258,196,075 | BOYAmt |
| EOY | $236,938,668 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,720,982 | BOYAmt |
| EOY | $7,094,751 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,911,194 | BOYAmt |
| EOY | $2,222,038 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,318,694 | BOYAmt |
| EOY | $1,761,237 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,858,618 | BOYAmt |
| EOY | $43,832,959 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,855,509 | BOYAmt |
| EOY | $2,812,189 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,664,997 | BOYAmt |
| EOY | $57,723,174 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,895,505 | BOYAmt |
| EOY | $70,984,692 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,635,573 | BOYAmt |
| EOY | $108,230,802 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,531,078 | BOYAmt |
| EOY | $179,215,494 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $258,196,075 | BOYAmt |
| EOY | $236,938,668 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,135,659 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$25,199,382 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$251,861 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $110,880 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $110,880 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY 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. THE UNIVERSITY PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $160,604 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 NONLOBBYING 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, $110,880 OF THE UNIVERSITY'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM THE UNIVERSITY'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. THIS AMOUNT OF GROUP 2 EXPENSES ARE SHOWN IN CONFERENCES, CONVENTIONS AND MEETINGS, PART IX, LINE 19. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $138,088,802 | BeginningYearBalanceAmt |
| Contributions | $3,540,839 | ContributionsAmt |
| Investment Earnings Or Losses | -$19,459,973 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,613,015 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,193,640 | OtherExpendituresAmt |
| Administrative Expenses | $1,142,189 | AdministrativeExpensesAmt |
| End Year Balance | $117,220,824 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,558,941 | BeginningYearBalanceAmt |
| Contributions | $10,514,953 | ContributionsAmt |
| Investment Earnings Or Losses | $31,375,347 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,584,912 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,986,914 | OtherExpendituresAmt |
| Administrative Expenses | $788,613 | AdministrativeExpensesAmt |
| End Year Balance | $138,088,802 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,549,851 | BeginningYearBalanceAmt |
| Contributions | $1,090,154 | ContributionsAmt |
| Investment Earnings Or Losses | $3,051,633 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,909,735 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,459,505 | OtherExpendituresAmt |
| Administrative Expenses | $763,457 | AdministrativeExpensesAmt |
| End Year Balance | $100,558,941 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $98,112,697 | BeginningYearBalanceAmt |
| Contributions | $2,679,988 | ContributionsAmt |
| Investment Earnings Or Losses | $3,797,378 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,835,600 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,446,942 | OtherExpendituresAmt |
| Administrative Expenses | $757,670 | AdministrativeExpensesAmt |
| End Year Balance | $100,549,851 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $93,174,229 | BeginningYearBalanceAmt |
| Contributions | $1,277,390 | ContributionsAmt |
| Investment Earnings Or Losses | $7,653,716 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,914,395 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,318,885 | OtherExpendituresAmt |
| Administrative Expenses | $759,358 | AdministrativeExpensesAmt |
| End Year Balance | $98,112,697 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.18427 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.81572 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,028,079 | OtherCostOrOtherBasisAmt |
| Book Value | $3,028,079 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $153,788,473 | OtherCostOrOtherBasisAmt |
| Depreciation | $84,215,174 | DepreciationAmt |
| Book Value | $69,573,299 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,436,370 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,343,420 | DepreciationAmt |
| Book Value | $1,092,950 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,620,030 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,133,088 | DepreciationAmt |
| Book Value | $5,486,942 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,429,440 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,792,683 | DepreciationAmt |
| Book Value | $9,636,757 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $88,818,027 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $725,619 |
| LEASE LIABILITY | $90,398 |
| RIGHT OF USE ASSET - OPERATING | $1,996,172 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,812,189 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $56,473,752 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$25,199,382 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,701,528 | OtherRevenueAmt |
| Revenue Not Reported | -$23,497,854 | RevenueNotReportedAmt |
| Revenue Subtotal | $79,971,606 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $700,197 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $40,926,950 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $41,627,147 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $121,598,753 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $74,789,336 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,953,389 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,953,389 | ExpensesNotReportedAmt |
| Expenses Subtotal | $72,835,947 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $700,197 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $40,926,950 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $41,627,147 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $114,463,094 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE BALANCE SHEET. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS THAT ARE USED TO PURCHASE THE ITEMS ARE RESTRICTED BY THE DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. |
| PART III, LINE 4: | THE UNIVERSITY'S COLLECTION IS MADE UP OF POTTERY, PRINTS, MUSICAL INSTRUMENTS AND PAINTINGS THAT ARE HELD FOR EDUCATIONAL AND PERFORMANCE PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. |
| PART V, LINE 4: | THE INTENDED USES OF THE ENDOWMENT FUNDS ARE TO ESTABLISH A SCHOLARSHIP OR PRIZE, TO CREATE A CHAIR IN A SPECIFIC ACADEMIC AREA, TO FUND A PARTICULAR RESEARCH PROGRAM, TO FUND OTHER PROGRAMS SUCH AS PROFESSORSHIPS, FELLOWSHIPS, LIBRARY, BUILDINGS, EQUIPMENT AND LECTURES AND DISCRETIONARY USE BY THE UNIVERSITY (UNRESTRICTED). |
| PART X, LINE 2: | THE IRS HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY HAS ADOPTED THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THEM UNIVERSITY'S FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST AGREEMENT -251,861. COGS 2,097,780. BOARD DESIGNATED UNRESTRICTED SPENDING -144,391. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GRANTS & FINANCIAL ASSISTANCE NETTED AGAINST TUITION REVENUE 40,926,950. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COGS 2,097,780. BOARD DESIGNATED UNRESTRICTED SPENDING -144,391. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS & FINANCIAL ASSISTANCE NETTED AGAINST TUITION REVENUE 40,926,950. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POSITION IN ALL MAJOR PUBLICATIONS, INCLUDING THOSE RELATED TO ADMISSION AND STUDENT SERVICES AND HAMLINE MAGAZINE AS WELL AS ON THE UNIVERSITY WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY RECEIVES BOTH FEDERAL AND STATE FUNDING, INCLUDING CARES ACT FUNDING |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANT MAKING | EDUCATIONAL FINANCIAL ASSISTANCE | $146,750 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANT MAKING & CONTRIBUTIONS RECEIVED | EDUCATIONAL FINANCIAL ASSISTANCE | $44,000 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANT MAKING | EDUCATIONAL FINANCIAL ASSISTANCE | $41,000 |
| SOUTH ASIA | 0 | 0 | GRANTS MAKING | EDUCATIONAL FINANCIAL ASSISTANCE | $20,000 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | OTHER | PROFESSIONAL DEVELOPMENT | $20,309 |
| NORTH AMERICA | 0 | 0 | OTHER | PROFESSIONAL DEVELOPMENT | $125 |
| SOUTH AMERICA | 0 | 0 | OTHER | PROFESSIONAL DEVELOPMENT | $167 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | INVESTMENT MANAGERS | $13,253,956 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $13,526,307 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $13,526,307 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|---|
| EDUCATIONAL FINANCIAL ASSISTANCE | EAST ASIA AND THE PACIFIC | 8 | $146,750 | WIRE TRANSFER | $0 | N/A | N/A |
| EDUCATIONAL FINANCIAL ASSISTANCE | EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | $44,000 | WIRE TRANSFER | $0 | N/A | N/A |
| EDUCATIONAL FINANCIAL ASSISTANCE | SUB-SAHARAN AFRICA | 2 | $41,000 | WIRE TRANSFER | $0 | N/A | N/A |
| EDUCATIONAL FINANCIAL ASSISTANCE | SOUTH ASIA | 1 | $20,000 | WIRE TRANSFER | $0 | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE FINANCIAL AID OFFICE DETERMINES STUDENTS ELIGIBILITY FOR INSTITUTIONAL SCHOLARSHIPS ACCORDING TO THE UNIVERSITY'S ESTABLISHED CRITERIA WHICH FOLLOWS FEDERAL AND STATE GUIDELINES FOR AWARDING ANY GRANT FUNDS. THERE IS AN ANNUAL AUDIT TO ENSURE COMPLIANCE WITH THESE REGULATIONS. |
| PART I, LINE 3: | THE ACCRUAL METHOD IS BEING USED TO ACCOUNT FOR FOREIGN EXPENDITURES. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAMLINE MIDWAY COALITION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1558 WEST MINNEHAHA AVE | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 411395272 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $20,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| EDUCATIONAL SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS | 1786 | $40,397,367 | N/A | N/A |
| GRADUATE TUITION & FEES REDUCTIONS & EXEMPTIONS | 141 | $277,833 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FINANCIAL AID OFFICE DETERMINES STUDENTS ELIGIBILITY FOR FEDERAL, STATE, AND INSTITUTIONAL SCHOLARSHIPS ACCORDING TO THE UNIVERSITY'S ESTABLISHED CRITERIA WHICH FOLLOWS FEDERAL AND STATE GUIDELINES FOR AWARDING ANY GRANT FUNDS. THERE IS AN ANNUAL AUDIT TO ENSURE COMPLIANCE WITH THESE REGULATIONS. THE UNIVERSITY DOES NOT MONITOR USAGE OF FUNDS FOR GRANTS TO OTHER ORGANIZATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FAYNEESE MILLER | ||||||||||||||
| PRESIDENT | $416,236 | $0 | $66,965 | $0 | $50,440 | $0 | $25,877 | $0 | $135,669 | $0 | $695,187 | $0 | $0 | $0 |
| CATHERINE WASSBERG | ||||||||||||||
| GENERAL COUNSEL | $273,196 | $0 | $0 | $0 | $0 | $0 | $22,586 | $0 | $1,921 | $0 | $297,703 | $0 | $0 | $0 |
| ANNE MCCARTHY | ||||||||||||||
| DEAN OF SCHOOL OF BUSINESS | $208,217 | $0 | $0 | $0 | $0 | $0 | $17,710 | $0 | $2,613 | $0 | $228,540 | $0 | $0 | $0 |
| MICHAEL TOMPOS | ||||||||||||||
| VP OF DEVELOPMENT | $198,121 | $0 | $0 | $0 | $0 | $0 | $17,000 | $0 | $4,600 | $0 | $219,721 | $0 | $0 | $0 |
| MARGARET TUNGSETH | ||||||||||||||
| VP FOR FINANCE & ADMIN | $186,212 | $0 | $0 | $0 | $0 | $0 | $8,666 | $0 | $1,266 | $0 | $196,144 | $0 | $0 | $0 |
| JASON VERDUGO | ||||||||||||||
| ATHLETIC DIRECTOR | $170,835 | $0 | $0 | $0 | $0 | $0 | $14,592 | $0 | $1,670 | $0 | $187,097 | $0 | $0 | $0 |
| MARCELA KOSTIHOVA | ||||||||||||||
| DEAN OF COLLEGE OF LIBERAL ARTS | $156,498 | $0 | $0 | $0 | $0 | $0 | $14,306 | $0 | $9,244 | $0 | $180,048 | $0 | $0 | $0 |
| MAI NHIA XIONG-CHAN | ||||||||||||||
| VP OF ENROLLMENT MANAGEMENT | $153,471 | $0 | $0 | $0 | $0 | $0 | $14,000 | $0 | $1,391 | $0 | $168,862 | $0 | $0 | $0 |
| MICHELLE HEGARTY | ||||||||||||||
| INTERIM VP FOR FINANCE & ADMIN | $146,655 | $0 | $0 | $0 | $0 | $0 | $12,601 | $0 | $9,155 | $0 | $168,411 | $0 | $0 | $0 |
| TERRY METZ | ||||||||||||||
| CIO & UNIVERSITY LIBRARIAN | $143,526 | $0 | $0 | $0 | $0 | $0 | $11,917 | $0 | $1,364 | $0 | $156,807 | $0 | $0 | $0 |
| LISA TODD | ||||||||||||||
| DIRECTOR OF HR | $142,917 | $0 | $0 | $0 | $0 | $0 | $11,856 | $0 | $618 | $0 | $155,391 | $0 | $0 | $0 |
| ANDY RUNDQUIST | ||||||||||||||
| INTERIM PROVOST | $133,555 | $0 | $0 | $0 | $0 | $0 | $12,875 | $0 | $7,767 | $0 | $154,197 | $0 | $0 | $0 |
| PATTI KLEIN - KERSTEN | ||||||||||||||
| VP & DEAN OF STUDENTS | $139,955 | $0 | $0 | $0 | $0 | $0 | $11,900 | $0 | $2,220 | $0 | $154,075 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST CLASS TRAVEL EXPENSES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS FOR THE PRESIDENT WAS PAID AND WAS NOT INCLUDED IN TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS FOR THE PRESIDENT WERE PAID AND WERE INCLUDED IN TAXABLE COMPENSATION. RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE PRESIDENT AND WAS NOT INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE INCOME. PERSONAL SERVICES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE INCOME. |
| PART I, LINE 3 | THE DETERMINATION OF COMPENSATION FOR THE PRESIDENT AND VP FOR FINANCE & ADMIN INCLUDED A REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, REVIEW OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. THE LAST INDEPENDENT REVIEW WAS LAST CONDUCTED IN 2021. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| A | 410988525 | 2017-12-17 | $34,650,000 | DEFEASE TWO PRIOR BONDS AND ADD CONSTRUCTION FUNDING | 0 | 0 | 0 |
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| B | 410988525 | 2021-06-29 | $9,725,000 | REFUND PRIOR BOND AND CONSTRUCTION PROJECT | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,940,000 | $34,650,000 | $2,435,791 | $347,859 | $6,000,000 | $28,650,000 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $775,000 | $9,725,000 | $3,773,946 | $3,189,655 | Yes (1) | 0 | 0 | Yes (1) | $2,761,399 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $597,547 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD OF TRUSTEES SHALL HAVE AN EXECUTIVE COMMITTEE, ALL OF WHOM SHALL BE VOTING TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL INCLUDE THE CHAIR, VICE CHAIR, SECRETARY, TREASURER AND EACH CHAIR OF THE BOARD STANDING COMMITTEE. IN ADDITION, ONE OR TWO TRUSTEES MAY BE NOMINATED BY THE COMMITTEE CHARGED WITH TRUSTEESHIP MATTERS AND ELECTED BY THE BOARD TO SERVE IN AT-LARGE POSITIONS ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE FUNCTIONS OF THE EXECUTIVE COMMITTEE ARE: (1) TO HELP THE PRESIDENT TO ADDRESS BUSINESS BETWEEN REGULAR BOARD MEETINGS; (2) TO ASSIST THE CHAIR AND THE PRESIDENT WITH THEIR JOINT RESPONSIBILITY TO HELP THE BOARD FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK; (3) TO REVIEW AS NEEDED SIGNIFICANT COMPENSATION, INCENTIVE AND BENEFIT PLANS FOR UNIVERSITY EMPLOYEES; AND (4) TO PERFORM AN ANNUAL EVALUATION OF THE PRESIDENT, AND MAKE RECOMMENDATIONS TO THE BOARD OF TRUSTEES REGARDING THE PRESIDENT'S COMPENSATION. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES AND SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES, AND EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE AFFAIRS OF THE UNIVERSITY, PROVIDED THAT THE FOLLOWING MATTERS SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE NOMINATIONS AND ELECTIONS OF OFFICERS OF THE BOARD; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. THE BOARD OF TRUSTEES MAY ACT TO FURTHER LIMIT THE DELEGATION OF AUTHORITY OF THE EXECUTIVE COMMITTEE. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION OF MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, AND OVERSEE THE UNIVERSITY'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS REVIEWED BY MANAGEMENT. THE AUDIT SUBCOMMITTEE AND THE BOARD OF TRUSTEES REVIEWED A PUBLIC INSPECTION VERSION OF THE FORM 990 PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUSTEES, LIFE TRUSTEES, AND OFFICERS OF THE ORGANIZATION ARE ANNUALLY REQUIRED TO COMPLETE AND SIGN A DISCLOSURE FORM INFORMING THE BOARD OF TRUSTEES OF ANY POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE A MATERIAL, FINANCIAL, OR OTHER INTEREST IN. WHEN THE UNIVERSITY ENTERS INTO A CONTRACT OR TRANSACTION THAT MAY HAVE A CONFLICT OF INTEREST WITH A COVERED MEMBER, THIS ISSUE IS BROUGHT TO THE BOARD TO BE REVIEWED. DURING THESE PROCEEDINGS, ALL MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION ARE REVIEWED BY THE BOARD OF TRUSTEES AND FULLY DISCLOSED BY THE COVERED MEMBER. THEN THE BOARD OF TRUSTEES MUST AUTHORIZE, APPROVE, OR RATIFY THE CONTRACT OR TRANSACTION WITHOUT THE VOTE OF THE COVERED MEMBER. THE BOARD MUST DETERMINE IF THE TRANSACTION IS IN GOOD FAITH AND A MAJORITY OF THE MEMBERS MUST VOTE TO APPROVE THE TRANSACTION OR CONTRACT. THE PROCEEDINGS ARE THEN RECORDED IN THE MINUTES OF THE BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE DETERMINATION OF COMPENSATION FOR THE PRESIDENT AND VP FOR FINANCE & ADMIN INCLUDED A REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, REVIEW OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. THE LAST INDEPENDENT REVIEW WAS LAST CONDUCTED IN 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE AT THE MINNESOTA SECRETARY OF STATE'S OFFICE. THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE UNIVERSITY'S FORM 990 IS AVAILABLE AT GUIDESTAR.ORG OR UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN SPLIT INTEREST AGREEMENT -251,861. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |