2023-05-02T14:59:54-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-07-01 410693960 TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA TRUS 6515232329 1536 HEWITT AVE ST PAUL MN 55104 FAYNEESE MILLER PRESIDENT 6515232329 2023-04-25 1 FAYNEESE MILLER 999009999 SARAH HINTZ P00492291 3037795710 2023-04-25 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z HAMLINE UNIVERSITY FAYNEESE MILLER 1536 HEWITT AVE ST PAUL MN 55104 136424567 0 X WWW.HAMLINE.EDU X NON PROFIT PRIVATE SCHOOL 1854 MN 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. 27 26 1535 300 72020 4312 12127939 17797910 95692758 96304371 9020776 6546128 1548593 950344 118390066 121598753 40803222 40946950 0 0 37911114 35237375 13886 10589 1335832 31236450 38268180 109964672 114463094 8425394 7135659 258196075 236938668 60664997 57723174 197531078 179215494 X 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. 0 0 23915760 0 89883764 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. 8559942 0 791100 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. 59424691 40946950 0 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. 9053157 0 4164304 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. 1735239 0 2340550 EXPENDITURES OF THOSE OFFICES AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO SUPPORT THE PROGRAM ACTIVITIES OF THE UNIVERSITY. 10788396 0 6504854 102688789 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4739 0 1 1535 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO MA MI MN NH NV OR PA SD WA X BRENT GUSTAFSON 6515232329 1536 HEWITT AVE ST PAUL MN 55104 FAYNEESE MILLER PRESIDENT 40.00 X X 533641 0 161546 BRENDA EDMONDSON HEIM '77 CHAIR 4.00 X X 0 0 0 ELLEN E WATTERS VICE CHAIR 2.00 X X 0 0 0 ROBERTA SAUNDERS SECETARY 2.00 X X 0 0 0 CHAD R BESTER '02 TREASURER 2.00 X X 0 0 0 PAUL ABLAN '82 TRUSTEE 2.00 X 0 0 0 LORINDA BURGESS TRUSTEE 2.00 X 0 0 0 RICHARD J CHAFFEE TRUSTEE 2.00 X 0 0 0 PAUL M DADLEZ JD '94 TRUSTEE 2.00 X 0 0 0 ROBIN DIETZ-MAYFIELD '77 TRUSTEE 2.00 X 0 0 0 BRYCE DOTY '88 TRUSTEE 2.00 X 0 0 0 WINSTON FOLKERS '57 TRUSTEE 2.00 X 0 0 0 CINDY GREGORSON '81 TRUSTEE 2.00 X 0 0 0 PATRICK C HECTORNE '75 TRUSTEE 2.00 X 0 0 0 JENNY KEIL TRUSTEE 2.00 X 0 0 0 ROBERT C KLAS JR '75 TRUSTEE 2.00 X 0 0 0 MATTHEW MASSMAN '88 TRUSTEE 2.00 X 0 0 0 REUBEN MOORE MBA '12 TRUSTEE 2.00 X 0 0 0 ANDREA MOWERY '93 TRUSTEE 2.00 X 0 0 0 JOHN PACKARD '75 TRUSTEE 2.00 X 0 0 0 STEPHEN L RICHARDS TRUSTEE 2.00 X 0 0 0 MARIAH F TOLLGAARD TRUSTEE 2.00 X 0 0 0 MARCIA E URBAN JD '82 TRUSTEE 2.00 X 0 0 0 DON WEIDA '72 TRUSTEE 2.00 X 0 0 0 RICH M WIEN '68 TRUSTEE 2.00 X 0 0 0 DENNIS WILLIAMS '94 TRUSTEE 2.00 X 0 0 0 JAI WINSTON TRUSTEE 2.00 X 0 0 0 MARGARET TUNGSETH VP FOR FINANCE & ADMIN 40.00 X 186212 0 9932 MICHELLE HEGARTY INTERIM VP FOR FINANCE & ADMIN 40.00 X 146655 0 21756 BRENT GUSTAFSON VP FOR FINANCE & ADMIN 40.00 X 0 0 0 CATHERINE WASSBERG GENERAL COUNSEL 40.00 X 273196 0 24507 ANNE MCCARTHY DEAN OF SCHOOL OF BUSINESS 40.00 X 208217 0 20323 MICHAEL TOMPOS VP OF DEVELOPMENT 40.00 X 198121 0 21600 MARCELA KOSTIHOVA DEAN OF COLLEGE OF LIBERAL ARTS 40.00 X 156498 0 23550 MAI NHIA XIONG-CHAN VP OF ENROLLMENT MANAGEMENT 40.00 X 153471 0 15391 JASON VERDUGO ATHLETIC DIRECTOR 40.00 X 170835 0 16262 TERRY METZ CIO & UNIVERSITY LIBRARIAN 40.00 X 143526 0 13281 LISA TODD DIRECTOR OF HR 40.00 X 142917 0 12474 PATTI KLEIN - KERSTEN VP & DEAN OF STUDENTS 40.00 X 139955 0 14120 ANDY RUNDQUIST INTERIM PROVOST 40.00 X 133555 0 20642 2586799 0 375384 23 0 1 0 MARSDEN BLDG MAINT LLC PO BOX 1150 MINNEAPOLIS MN 55480 JANITORIAL SERVICES 2096412 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FOOD SERVICE 1993421 EAB PO BOX 603519 CHARLOTTE NC 28260 RESEARCH 1710161 ACCENTURE LLP PO BOX 70629 CHICAGO IL 60673 CONSULTING 1700712 MARCO INC NW 7128 PO BOX 1450 MINNEAPOLIS MN 55485 COPY/PRINT SERVICES 446825 12 10823860 6974050 597547 17797910 TUITION AND RELATED SE 611310 89883764 89883764 AUXILLARY ENTERPRISE I 721310 3219272 3213960 5312 OTHER SOURCES 611710 2410235 2340550 69685 SALES AND SERVICES OF 611310 791100 791100 96304371 1128296 -2977 1131273 18145866 12728034 5417832 5417832 5417832 3048124 2097780 950344 950344 121598753 97179718 72020 6549105 20000 20000 40675200 40675200 251750 251750 1693521 1693521 26562313 22833751 2908009 820553 1680547 1322542 358005 3395582 2892179 503403 1905412 1731768 -24075 197719 1116690 1116690 222876 10029 212847 109464 109464 10589 10589 700197 700197 3188816 3259722 -76780 5874 2000896 1536640 401988 62268 4012673 3530608 414445 67620 3411271 2849927 546701 14643 7181427 6672489 497063 11875 1594442 1408439 170579 15424 745542 420892 324650 1734407 1628608 95600 10199 6165146 5817261 313771 34114 821084 297644 523440 PROGRAM EXPENSE 4473397 4388443 0 84954 BAD DEBT EXPENSE 747790 -1331 749121 0 OTHER EXPENSES 42062 25538 16524 114463094 102688789 10438473 1335832 0 11456247 10338856 3484519 1968309 5553426 4913236 59882 80649 8049254 8678317 222302392 133484365 85353304 88818027 133109614 113733700 2740774 1909280 2747396 2151516 5641659 4346778 258196075 236938668 5720982 7094751 2911194 2222038 2318694 1761237 45858618 43832959 0 3855509 2812189 60664997 57723174 X 73895505 70984692 123635573 108230802 197531078 179215494 258196075 236938668 X 7135659 -25199382 -251861 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 0 0 0 0 1 110880 110880 0 PART II-B, LINE 1: 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. X X X 0 138088802 3540839 -19459973 1613015 2193640 1142189 117220824 100558941 10514953 31375347 1584912 1986914 788613 138088802 100549851 1090154 3051633 1909735 1459505 763457 100558941 98112697 2679988 3797378 1835600 1446942 757670 100549851 93174229 1277390 7653716 1914395 1318885 759358 98112697 0.18427 0.81572 0.00000 0 0 3028079 3028079 153788473 84215174 69573299 9436370 8343420 1092950 37620030 32133088 5486942 18429440 8792683 9636757 88818027 ANNUITIES PAYABLE 725619 LEASE LIABILITY 90398 RIGHT OF USE ASSET - OPERATING 1996172 2812189 X 56473752 -25199382 1701528 -23497854 79971606 700197 40926950 41627147 121598753 74789336 1953389 1953389 72835947 700197 40926950 41627147 114463094 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. 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 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 1 EAST ASIA AND THE PACIFIC 0 0 GRANT MAKING EDUCATIONAL FINANCIAL ASSISTANCE 146750 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT MAKING & CONTRIBUTIONS RECEIVED EDUCATIONAL FINANCIAL ASSISTANCE 44000 SUB-SAHARAN AFRICA 0 0 GRANT MAKING EDUCATIONAL FINANCIAL ASSISTANCE 41000 SOUTH ASIA 0 0 GRANTS MAKING EDUCATIONAL FINANCIAL ASSISTANCE 20000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 OTHER PROFESSIONAL DEVELOPMENT 20309 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 13253956 0 0 0 0 0 0 13526307 0 13526307 EDUCATIONAL FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 8 146750 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 2 44000 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 2 41000 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE SOUTH ASIA 1 20000 WIRE TRANSFER 0 N/A N/A 1 0 1 0 1 0 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: 1 HAMLINE MIDWAY COALITION 1558 WEST MINNEHAHA AVE ST PAUL MN 55104 411395272 501(C)(3) 20000 0 N/A N/A GENERAL SUPPORT 1 0 EDUCATIONAL SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS 1786 40397367 N/A N/A GRADUATE TUITION & FEES REDUCTIONS & EXEMPTIONS 141 277833 N/A N/A PART I, LINE 2: 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. X X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FAYNEESE MILLER PRESIDENT 416236 0 66965 0 50440 0 25877 0 135669 0 695187 0 0 0 CATHERINE WASSBERG GENERAL COUNSEL 273196 0 0 0 0 0 22586 0 1921 0 297703 0 0 0 ANNE MCCARTHY DEAN OF SCHOOL OF BUSINESS 208217 0 0 0 0 0 17710 0 2613 0 228540 0 0 0 MICHAEL TOMPOS VP OF DEVELOPMENT 198121 0 0 0 0 0 17000 0 4600 0 219721 0 0 0 MARGARET TUNGSETH VP FOR FINANCE & ADMIN 186212 0 0 0 0 0 8666 0 1266 0 196144 0 0 0 JASON VERDUGO ATHLETIC DIRECTOR 170835 0 0 0 0 0 14592 0 1670 0 187097 0 0 0 MARCELA KOSTIHOVA DEAN OF COLLEGE OF LIBERAL ARTS 156498 0 0 0 0 0 14306 0 9244 0 180048 0 0 0 MAI NHIA XIONG-CHAN VP OF ENROLLMENT MANAGEMENT 153471 0 0 0 0 0 14000 0 1391 0 168862 0 0 0 MICHELLE HEGARTY INTERIM VP FOR FINANCE & ADMIN 146655 0 0 0 0 0 12601 0 9155 0 168411 0 0 0 TERRY METZ CIO & UNIVERSITY LIBRARIAN 143526 0 0 0 0 0 11917 0 1364 0 156807 0 0 0 LISA TODD DIRECTOR OF HR 142917 0 0 0 0 0 11856 0 618 0 155391 0 0 0 ANDY RUNDQUIST INTERIM PROVOST 133555 0 0 0 0 0 12875 0 7767 0 154197 0 0 0 PATTI KLEIN - KERSTEN VP & DEAN OF STUDENTS 139955 0 0 0 0 0 11900 0 2220 0 154075 0 0 0 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. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-12-17 34650000 DEFEASE TWO PRIOR BONDS AND ADD CONSTRUCTION FUNDING 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2021-06-29 9725000 REFUND PRIOR BOND AND CONSTRUCTION PROJECT 0 0 0 A 2940000 34650000 2435791 347859 6000000 28650000 2018 1 0 1 1 B 775000 9725000 3773946 3189655 2761399 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 23 597547 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. 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.