2025-05-13T14:13:39-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-07-01 390806154 MOUNT MARY UNIVERSITY INC MOUN 4149303033 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 DR ISABELLE CHERNEY PRESIDENT 4149303033 2025-05-12 1 1 KIMBERLY ANDERSON P00188889 6086628600 2025-05-05 2023 2025-03-06 01:10:19Z DR ISABELLE CHERNEY 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 55416394 0 X WWW.MTMARY.EDU X 1913 WI MOUNT MARY UNIVERSITY, INC., AND URBAN CATHOLIC UNIVERSITY FOR WOMEN, SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 29 28 655 75 -24882 0 5768417 5730696 30536917 31617179 2936383 1966216 241991 1183770 39483708 40497861 12854369 14000217 0 0 16783241 17674630 0 0 0 10443150 9747812 40080760 41422659 -597052 -924798 73756805 73289994 8656851 7133555 65099954 66156439 X MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 1 1 24715352 14000217 29586151 MOUNT MARY UNIVERSITY HAD APPROXIMATELY 906 UNDERGRADUATE AND 541 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30, 2024. FOR THE 2324 ACADEMIC YEAR, 338 DEGREES WERE AWARDED (36 DOCTORATE, 149 MASTERS, 6 BACCALAUREATE CERTIFICATES AND 147 BACCALAUREATE DEGREES) WERE AWARDED TO STUDENTS. 3751104 0 1994988 THE UNIVERSITY SERVICED APPROXIMATELY 1,514 STUDENTS WITH VARIOUS STUDENT ENGAGEMENT AND COMMUNITY SUPPORTING INITIATIVES. I.E. STUDENT ADVISING, INTERNATIONAL CENTER FOR STUDENTS, COUNSELING CENTER, LIBRARY 1442191 0 1199823 THE UNIVERSITY SERVICED APPROXIMATELY 1,514 STUDENTS WITH ADMISSIONS, RECRUITMENT, ORIENTATION, FINANCIAL AID, TUTORING, STUDENT ENGAGEMENT, CAMPUS MINISTRY, STUDENT ADVISING, FITNESS CENTER, CAREER DEVELOPMENT, COUNSELING CENTER, REGISTRAR, RESIDENT LIFE, INFORMATION TECHNOLOGY AND ATHLETIC TEAMS FOR SUPPORT OF THE WHOLE STUDENT. 29908647 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 165 0 655 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X BUSINESS OFFICE 4149303033 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 CHERNEY ISABELLE PRESIDENT 50.00 X X 304079 0 27099 SISTER DEBRA M SCIANO SSND 1.00 X 0 0 0 SISTER JOAN ANDERT SSND 1.00 X 0 0 0 SISTER SHARON SLEAR SSND 1.00 X 0 0 0 EILEEN SCHWALBACH SSND 1.00 X 0 0 0 J OMAR ANDRIETSCH TRUSTEE 1.00 X 0 0 0 STEPHANIE RUSSELL CHAIR 1.00 X 0 0 0 LENA LEE TRUSTEE 1.00 X 0 0 0 LISA JANSEN TRUSTEE 1.00 X 0 0 0 MARILKA VELEZ TRUSTEE 1.00 X 0 0 0 ANN NATTINGER TRUSTEE 1.00 X 0 0 0 MARIE OBRIEN TRUSTEE 1.00 X 0 0 0 DAVID JORGENSEN TRUSTEE 1.00 X 0 0 0 MARGARET CALLAHAN TRUSTEE 1.00 X 0 0 0 MAY YER THAO TRUSTEE 1.00 X 0 0 0 DAVID KRUTZ TRUSTEE 1.00 X 0 0 0 SCOTT NAZE TRUSTEE 1.00 X 0 0 0 ERICA-NICOLE HARRIS VICE-CHAIR 1.00 X 0 0 0 JEFF SCOTT TRUSTEE 1.00 X 0 0 0 JOEL BRENNAN TRUSTEE 1.00 X 0 0 0 KAREN DAVIDSON TRUSTEE 1.00 X 0 0 0 ANN TESMER TRUSTEE 1.00 X 0 0 0 JEFF HEMBROCK TRUSTEE 1.00 X 0 0 0 BECKY PINTER TRUSTEE 1.00 X 0 0 0 MARJORIE RUCKER TRUSTEE 1.00 X 0 0 0 GENEVA JOHNSON EMERITUS 1.00 X 0 0 0 KATHRYN MAEGLI DAVIS EMERITUS 1.00 X 0 0 0 GARY JORGENSON EMERITUS 1.00 X 0 0 0 GARY ZIMMERMAN EMERITUS 1.00 X 0 0 0 BETH HEIKKILA TRUSTEE - ENDED SUMMER '24 1.00 X 0 0 0 JESSICA HEIFER TRUSTEE - ENDED SUMMER '24 1.00 X 0 0 0 HEATHER HERLING TRUSTEE - ENDED SUMMER '24 1.00 X 0 0 0 ALIOTO KERI VICE PRESIDENT OF STUDENT AFFAIRS 50.00 X 130106 0 18268 BAILEY CHERYL DEAN SCHOOL OF GRADUATE AND HEALTH 50.00 X 113205 0 28405 FRIEDLEN KAREN VICE PRESIDENT OF ACADEMIC AFFAIRS 50.00 X 140144 0 27634 STAPLETON ANDREA VICE PRESIDENT OF MISSION AND JUSTICE 50.00 X 114350 0 6088 WEGENER DAVE VICE PRESIDENT OF ENROLLMENT SERVICES 50.00 X 131308 0 18762 933192 0 126256 12 0 1 0 AMERICAN FOOD AND VENDING 24 METROPOLITAN PARK DRIVE SYRACUSE NY 13088 FOOD SERVICES/DINING 884309 IHOR HOME SERVICES LLC 965 ARLON COURT BELGIUM WI 53004 CLEANING SERVICES/HOUSEKEEPING 450875 CDW GOVERNMENT 75 REMITTANCE DRIVE - SUITE 1515 CHICAGO IL 60675 GOVERNMENT TECHNOLOGY SOLUTIONS 169906 EVOLEAR DIGITAL 5651 N LYDELL AVE MILWAUKEE WI 53217 MEDIA SERVICES 165524 SECURE IT 360 3000 RIVERCHASE GALLERIA SUITE 700 HOOVER AL 35244 CYBER SECURITY AND IT SERVICES 156468 17 203627 5527069 35050 5730696 TUITION AND FEES 611600 29586151 29586151 AUXILIARY ENTERPRISES 722320 1994988 1994988 INTEREST ON TUITION RECEIVABLES 611600 36040 36040 31617179 1200310 1200310 180819 160832 19987 19987 -24882 44869 15510412 13195 14744506 13195 765906 0 765906 765906 LOAN FORGIVENESS 900099 1000000 1000000 MISC. REVENUE 900099 163783 163783 1163783 40497861 32780962 -24882 2011085 14000217 14000217 1059448 141611 917837 13176188 10322615 2853573 196973 163885 33088 2240735 1450275 790460 1001286 749705 251581 26124 26124 75308 75308 106131 106131 1505715 146805 1358910 631915 267356 364559 889402 626824 262578 958087 204932 753155 678199 678199 191462 174052 17410 212667 162809 49858 236348 236348 2027763 1186388 841375 482582 482582 FOOD SERVICE 784740 784740 DUES AND SUBSCRIPTIONS 262433 111188 151245 BAD DEBT 167226 167226 MISCELLANEOUS 141312 32724 108588 370398 167261 203137 41422659 29908647 11514012 0 2133168 2315094 1603569 773064 3204885 2037445 540968 756366 703793 827217 67736919 42339446 26712782 25397473 38768640 41183335 89000 0 73756805 73289994 1772563 1480045 870536 851260 5000410 4802250 1000000 0 13342 0 8656851 7133555 X 33204272 33831710 31895682 32324729 65099954 66156439 73756805 73289994 -924798 1981283 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27206462 521654 1933655 2042001 27619770 25553567 849632 2676263 1873000 27206462 28920096 2468717 -4720246 1115000 25553567 22877952 524644 6557504 1040004 28920096 23024287 336139 467526 950000 22877952 0.84412 0.15588 0 0 516846 516846 49742594 31806281 17936313 11782382 8130248 3652134 5695097 2402917 3292180 25397473 INVESTMENTS-OTH SECS(DETAIL)-990 41183335 C 41183335 X 28533628 1981283 160832 2142115 26391513 106131 14000217 14106348 40497861 27477143 160832 160832 27316311 106131 14000217 14106348 41422659 PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITION AS OF JUNE 30, 2024 AND 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 160,832. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 14,000,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 160,832. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 14,000,217. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ANNOUNCEMENTS, BROCHURES, COURSE DESCRIPTIONS SCHEDULE E, PART I, LINE 6 VARIOUS GOVERNMENT GRANTS TO PROVIDE FINANCIAL AID TO STUDENTS. COSTA RICA 0 0 EDUCATIONAL STUDY ABROAD 9000 GUATEMALA 0 0 EDUCATIONAL STUDY ABROAD 26283 ITALY 0 0 EDUCATIONAL STUDY ABROAD 17108 IRELAND 0 0 EDUCATIONAL STUDY ABROAD 58712 SCANINAVIA 0 0 EDUCATIONAL STUDY ABROAD 5400 FRANCE 0 0 EDUCATIONAL STUDY ABROAD 6800 0 0 0 0 0 0 123303 0 123303 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVE GRANT AWARDS FOR ATTENDING THE UNIVERSITY. IN THE US STUDENT'S ELIGIBILITY FOR GRANT SUPPORT IS DEPENDENT ONLY ON THEIR STATUS AS AN INTERNATIONAL STUDENT. THE ADMISSIONS AND REGISTRAR'S OFFICES VERIFY THE INTERNATIONAL STUDENT STATUS USING THEIR VISAS. THE FINANCIAL AID OFFICE POSTS THE FINANCIAL AID AWARD TO THEIR AID PACKAGE AND THE BUSINESS OFFICE POSTS THE AID ON THEIR STUDENT ACCOUNT. NO PAYMENTS OF CASH ARE MADE TO INTERNATIONAL STUDENTS DIRECTLY FOR THEIR GRANT AWARDS. 1 EDUCATIONAL SCHOLARSHIPS 756 14000217 PART I, LINE 2: EACH STUDENT IS REVIEWED BY TWO OR THREE INDIVIDUALS IN THE AWARDING PROCESS. STUDENTS ARE THEN AWARDED GRANT FUNDS BASED ON FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS. GUIDELINES AND INSTITUTIONAL MATRIX PROCEDURES FOR MONITORING FUNDS ARE ALSO BUILT INTO THE COMPUTER AWARDING SOFTWARE. X X X X X 0 0 0 0 0 0 0 0 0 CHERNEY ISABELLE PRESIDENT 279462 0 0 0 24617 0 10770 0 16329 0 331178 0 0 0 FRIEDLEN KAREN VICE PRESIDENT OF ACADEMIC AFFAIRS 132731 0 0 0 7413 0 5189 0 22445 0 167778 0 0 0 WEGENER DAVE VICE PRESIDENT OF ENROLLMENT SERVICE 124621 0 0 0 6687 0 4681 0 14081 0 150070 0 0 0 A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2023-05-01 5077000 REFINANCE 0 0 0 A 203080 5005330 71670 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 VJS CONSTRUCTION SERVICES TRUSTEE OF THE UNIVERSITY 12250 CONSTRUCTION SERVICES 0 ROBERT W BAIRD & CO INC TRUSTEE OF THE UNIVERSITY 106131 INVESTMENT SERVICES 0 MICHAEL BEST & FRIEDRICH LLC TRUSTEE OF THE UNIVERSITY 14090 SERVICES FOR INSURANCE MATTERS 0 X 2 35050 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS FORM 990, PART III, LINE 2 MOUNT MARY UNIVERSITY'S SCHOOL OF BUSINESS OFFERS UNDERGRADUATE AND MBA STUDENTS THE ABILITY TO SPECIALIZE IN HUMAN RESOURCES MANAGEMENT, AND HAS SHORTENED THE TIMELINE FOR UNDERGRADUATE BUSINESS STUDENTS TO EARN THEIR MBA. THESE NEW ENHANCEMENTS BECAME EFFECTIVE IN FALL 2023.MOUNT MARY'S HUMAN RESOURCES COURSES WILL ADDRESS KEY HR AREAS SUCH AS STAFFING, TRAINING AND DEVELOPMENT, COMPENSATION, BENEFITS AND LABOR-MANAGEMENT RELATIONS. COURSEWORK IS DESIGNED AROUND STANDARDS SET BY SHRM, WHICH WILL PREPARE STUDENTS FOR THE ASSOCIATION'S PROFESSIONAL CERTIFICATION. FORM 990, PART III, LINE 3 SOCIOLOGY - COURSES REMAIN OFFERED BUT THE MAJOR IS NO LONGER IS EXISTING DUE TO LACK OF ENROLLMENT AND FACULTY TO SUPPORT PROGRAMMING. FORM 990, PART VI, SECTION A, LINE 7B SCHOOL SISTERS OF NOTRE DAME (SSND) CORPORATE BOARD WHO MUST APPROVE CERTAIN THINGS UNDER "RESERVED POWERS". FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND RISK MANAGEMENT COMMITTEE MEMBERS WILL HAVE AN OPPORTUNITY TO REVIEW THE PUBLIC DISCLOSURE VERSION WHICH EXCLUDES IS TYPICALLY PROVIDED THAT EXCLUDES NAMES AND ADDRESSES OF CONTRIBUTORS, SCHEDULE FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS, THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE PRESIDENT OF MMU ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT MMU'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE PRESIDENT OF MMU. EACH BOARD MEMBER AND EMPLOYEE OF MMU SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. ANNUALLY, EACH BOARD MEMBER AND EMPLOYEE SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR OFFICERS AND KEY EMPLOYEES A CUPA ANALYSIS IS PERFORMED FOR EACH POSITION RESPONSIBILITIES AND DUTIES. THE PRESIDENT, CFO AND HUMAN RESOURCES COMPLETES ANALYSIS AND DETERMINES/APPROVES COMPENSATION. THE PRESIDENT COMPENSATION ADHERES TO THE SAME ANALYSIS BUT IS DETERMINED/APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST SCHOOL SISTERS OF NOTRE DAME 13105 WATERTOWN PLANK ROAD ELM GROVE WI 53122 390806379 SPONSORING ORGANIZATION OF MOUNT MARY UNIVERSITY WI 501(C)(3) LINE 1 N/A 0 SSND MMU MCH VENTURE INC 9525 WEST BURLEIGH STREET MILWAUKEE WI 53222 844473861 SPONSORING ORGANIZATION OF MOUNT MARY UNIVERSITY WI 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0