2023-05-12T16:47:08-05:00 2022-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2021-07-01 460280847 Presentation College PRES 6052298453 1500 North Main Aberdeen SD 57401 Jillaine Smith Chief Operating Officer 6052298453 2023-05-12 1 Jillaine Smith 999009999 Lisa Chaffee CPA P00193453 6052258783 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Dr Paula Langteau 1500 North Main Aberdeen SD 57401 23943912 0 0928 X www.presentation.edu X 1951 SD Challenge learners toward academic excellence and the development of the whole person. 20 20 260 64 0 0 4943343 9273147 14055989 13398792 622465 867904 -40545 91307 19581252 23631150 4250581 5219660 0 0 7365792 6802641 0 0 462117 6626166 6322563 18242539 18344864 1338713 5286286 36433181 36073681 12583585 9064163 23849596 27009518 Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. 0 0 7509504 11348071 Provided in-person and online educational services in Aberdeen South Dakota for 379 full-time undergraduate students, 177 part-time undergraduate students and 24 graduate students. 2424652 2131955 Auxiliary enterprises - campus housing, food service, and recreational facilities. 5219660 5219660 Funded and unfunded scholarships and grants. 15153816 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 260 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 1 1 0 1 1 1 1 0 0 1 1 0 1 1 1 0 1 1 1 0 MN X Rocky Query 6052298453 1500 North Main Aberdeen SD 57401 Terry Helms Board Chair 3.00 X X 0 0 0 Hal Clemensen Board Vice Chair 3.00 X X 0 0 0 Mary Worlie Secetary 3.00 X X 0 0 0 Geoff Durst Member 2.00 X 0 0 0 Kelli Fischer Member 2.00 X 0 0 0 Sr Phyllis Gill Member 2.00 X 0 0 0 Sr Janice Klein Member 2.00 X 0 0 0 Sr Vicky Larson Member 2.00 X 0 0 0 Sr Patricia Prunty Member 2.00 X 0 0 0 Randy Schuring Member 2.00 X 0 0 0 Kyle Schwan Member 2.00 X 0 0 0 Kathy Zambo Member 2.00 X 0 0 0 Steve Kohles Member 2.00 X 0 0 0 Deanna Larson Member 2.00 X 0 0 0 Esther Preszler Member 2.00 X 0 0 0 Greg Von Wald Member 2.00 X 0 0 0 Cindi Walsh Member 2.00 X 0 0 0 Tyler Wenbourne Member 2.00 X 0 0 0 Mike Williams Member 2.00 X 0 0 0 Marie Morris Member (thru Dec. 2021) 2.00 X 0 0 0 Dr Paula Langteau President 40.00 X 217483 0 20333 Dr Daisy Halvorson Jul - Dec VP for Finance 40.00 X 118460 0 2520 David Cannon Jan-June VP for Finance & Administration 40.00 X 0 0 0 Dr Marcus Garstecki - VP for Enrollment Mgmt & Student Affairs 40.00 X 123000 0 3000 Matthew Blair VP for Advancement 40.00 X 116878 0 11083 Dr Sandra Welling - Int Chief Academic Officer/ Director of Nursing 40.00 X 125670 0 26553 701491 0 63489 5 0 1 0 Aramark Chicago Lockbox 1101 Market Street Philadelphia PA 19107 Dining Services 972899 Collegiate Enterprise Solutions 3 Centennial Dr 50G Peabody MA 01960 Consulting and Outsourcing 166561 Duenwald Transportation 1214 N Cloud St Clark SD 57225 Transportation 150586 3 208954 2000076 7064117 37281 9273147 Student Tuition/Fees 611600 11266837 11266837 Auxiliary Enterprises 611710 2026356 2026356 Miscellaneous 900099 105599 105599 13398792 386591 386591 18750 0 18750 18750 18750 699485 28066 232448 13790 467037 14276 481313 481313 47922 208954 47881 41 41 9925 18643 -8718 -8718 Recovery of Bad Debts 900099 81234 81234 81234 23631150 13480026 0 877977 5219660 5219660 321665 321665 5249301 4431577 596922 220802 46042 39056 3828 3158 796976 663758 114812 18406 388657 310497 61899 16261 3494 3494 27336 27336 53337 53337 55404 55404 1334965 883722 412052 39191 193243 64799 97151 31293 264113 220043 40281 3789 948109 566762 381340 7 327079 322776 2048 2255 97683 87338 7750 2595 605587 592609 12978 1161792 1147572 13035 1185 213254 137694 74885 675 Grant and Restricted Gi 399505 399505 Direct Student Expense 290836 290836 Special Events 112279 111125 1154 234547 63992 48055 122500 18344864 15153816 2728931 462117 955188 3700126 389449 441910 645272 434904 17759 6013 147234 84378 36825241 19466161 18522225 17359080 15331854 13692324 28144 28143 74380 42199 321676 284604 36433181 36073681 983900 567188 660410 612194 9799867 7369840 59593 73090 110557 61138 500150 0 469108 380713 12583585 9064163 X 6779922 11048861 17069674 15960657 23849596 27009518 36433181 36073681 X 5286286 -2113272 -13092 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 16525545 930083 -1271875 1101841 15081912 13202732 1354062 2608060 639309 16525545 12925751 80765 651652 455436 13202732 12866865 62135 904089 907338 12925751 12119220 558042 731932 542329 12866865 0.00000 0.25390 0.74610 0 0 25696440 11351975 14344465 6860891 5928581 932310 4267910 2185605 2082305 17359080 Federal Student Loan Funds 30844 Annuities Payable 118955 Due to Presentation Convent 9420 Operating Lease Liability 221494 380713 X 16862052 -2113272 -4519188 -6632460 23494512 55404 81234 136638 23631150 13689038 -62591 -62591 13751629 55404 4537831 4593235 18344864 Part IV, Line 2b: The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. Part V, Line 4: The endowment funds are used for institutional scholarships and grants and support of college programs. Part X, Line 2: The College believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the financial statements. The College would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Funded and Unfunded Scholarships and Grants -4,407,741. Loan Cancellation and Loss Provisions -8,603. Costs of Sales Expenses 18,643. Non-Event Direct Benefit to Donors -121,487. Part XI, Line 4b - Other Adjustments: Recovery of Bad Debts 81,234. Part XII, Line 2d - Other Adjustments: Costs of Sales Expenses 18,643. Recovery of Bad Debts -81,234. Part XII, Line 4b - Other Adjustments: Funded and Unfunded Scholarships and Grants 4,407,741. Loan Cancellation and Loss Provisions 8,603. Non-Event Direct Benefit to Donors 121,487. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Publicized in all the College's marketing printed material, via the institutions web-pages, Faculty, Staff and Student handbooks, and various bulletin boards on campus. Schedule E, Part I, Line 6 Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. Black & White Ball 241821 197649 44172 3500 2500 15749 9600 250 Golf with Saints 15055 11305 3750 7433 8849 256876 208954 47922 3500 9933 24598 9600 250 47881 41 1 Athletic and academic scholarships and grants 1470 5219660 Part I, Line 2: The College has established programs for each type of scholarship and awards funds according to the parameters of each program and as funding is available. The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Dr Paula Langteau President 217483 0 0 0 0 0 4517 0 17622 0 239622 0 0 0 Dr Sandra Welling - Int Chief Academic Officer/ Director of Nursin 125670 0 0 0 0 0 2652 0 25016 0 153338 0 0 0 Part I, Line 1a President's housing allowance & President's country club membership, both of which are approved by the Board of Trustees. A Brown County South Dakota 466000011 115432AS5 2013-05-30 9979461 Construct New Student Housing and Wellness Center 0 0 0 A 2480000 9979461 702521 162039 9121700 2013 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 Date Rebate Computation Performed Issuer Name: Brown County, South Dakota Date the Rebate Computation was Performed: 05/22/2018 X Miscellaneous noncash contributions for fundraising events 69 37281 Cost or selling pric 0 0 1 0 Part I, Column (b): Number of contributions. Form 990, Part VI, Section A, line 3 The Vice President for Finance & Administration, David Cannon, is employeed by Collegiate Enterprise Solutions, an unrelated management company, for services as Vice President for Presentation College. Presentation College paid $79,062 in fiscal year June 30, 2022 for his services. Form 990, Part VI, Section A, line 4 The bylaws were amended to provide clarification and to reframe the specific matters over which the members of the organization had sole authority over as well as what actions the members had rights to approve. The rights are provided in detail on Form 990, Schedule O, line 7a and 7b. Form 990, Part VI, Section A, line 6 Members of the College are the elected officers of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota as defined by the College's Articles of Incorporation. Form 990, Part VI, Section A, line 7a Four members of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. The members have the authority to appoint two to four people to the Board of Trustees. Form 990, Part VI, Section A, line 7b The members of the organization shall have the authority to take the following actions unilaterally: (a) Appoint two to four people to the Board of Trustees. (b) Remove a Trustee appointed by the Members of this Corporation from the Board of Trustees with or without cause. (c) Require the Board of Trustees to consider or reconsider any action or item within 90 days that the Members have determined to be significant to the Presentation of the Blessed Virgin Mary or Catholic character of this Corporation. (d) Remove any or all of the members of the Board of Trustees as a group and name successor Trustees. (e) Appoint one Member of this Corporation to any presidential search committee The Board of Trustees of the organization may not take the following actions without the approval of the Members of the organization: (a) Appoint the President of the College. (b) Sell, lease, or encumber any real property owned by this Corporation. (c) Purchase real property. (d) Construct new buildings or undertake major renovation of existing buildings. (e) Incur long-term debt in excess of an amount set from time to time by the Members of this Corporation. (f) Make capital expenditures in excess of an amount set from time to time by the Members of this Corporation. (g) Elect new Trustees (h) Adopt or amend the gift policies of this Corporation. Form 990, Part VI, Section A, line 8b Minutes are maintained for all committees however there are no committees with authority to act on behalf of the governing board. While an Executive Committee exists, their responsibilities are advisory in nature. Form 990, Part VI, Section B, line 11b Upon receipt of the completed return, the finance department will review the return prior to signature by the President. A public disclosure copy of the return is provided to the board of trustees prior to filing with the Internal Revenue System. Form 990, Part VI, Section B, line 12c The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. Form 990, Part VI, Section B, line 15 President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed annually. Form 990, Part VI, Section C, line 19 These documents are not available to the general public. Form 990, Part XI, line 9: Change in Split-Interest Agreements -13,092. Sisters of the Presentation of Blessed Virgin Mary 1500 N 2nd street Aberdeen SD 57401 460253283 Sisters of the PBVM is the College's sponsor organization SD 501(c)(3) Line 1 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0