2025-05-15T16:35:51-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH STREET STE 2300 MINNEAPOLIS MN 55402 990 2023-07-01 941156599 SAINT MARY'S COLLEGE OF CALIFORNIA SAIN 9256314921 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 ROGER THOMPSON PRESIDENT 9256314921 2025-05-15 1 1 KAREN A GRIES P00078514 6128264500 2025-05-14 2023 2025-03-06 01:10:19Z ROGER THOMPSON 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 310333696 0 X WWW.STMARYS-CA.EDU X 1863 CA AN INSTITUTION OF HIGHER EDUCATION THAT GRANTS ASSOCIATE, BACCALAUREATE, AND MASTERS DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS ADMINISTRATION AND EDUCATION, AS WELL AS A DOCTORATE IN EDUCATION. 26 25 1200 26 0 5526 12736133 12923454 152926165 154600147 251987 3859191 579572 725480 166493857 172108272 60990693 68067244 0 0 78024994 86763996 0 0 3422385 59917974 60743036 198933661 215574276 -32439804 -43466004 352603344 368918771 92308508 139860449 260294836 229058322 X SAINT MARY'S COLLEGE OF CALIFORNIA INVITES YOU TO PASSIONATELY EMBRACE KNOWLEDGE, THE CHALLENGES OF SCHOLARSHIP, AND THE CAPACITY TO MAKE LASTING CHANGE IN THE WORLD. THE FOUNDATION FOR THIS IS OUR MISSION. TO PROBE DEEPLY THE MYSTERY OF EXISTENCE BY CULTIVATING THE WAYS OF KNOWING AND THE ARTS OF THINKING. TO AFFIRM AND FOSTER THE CHRISTIAN UNDERSTANDING OF THE HUMAN PERSON WHICH ANIMATES THE EDUCATIONAL MISSION OF THE CATHOLIC CHURCH. TO CREATE A STUDENT-CENTERED EDUCATIONAL COMMUNITY WHOSE MEMBERS SUPPORT ONE ANOTHER WITH MUTUAL UNDERSTANDING AND RESPECT. 0 0 178421187 68067244 154600147 HIGHER EDUCATION: INSTRUCTION, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY, ART MUSEUM, RESIDENCE HALLS, DINING, INTERCOLLEGIATE ATHLETICS FOR 2,003 UNDERGRADUATE STUDENTS AND 762 GRADUATE STUDENTS, TOTAL OF OVER 2,765 STUDENTS. 178421187 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 1 0 0 0 1 203 0 1200 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO MD X X CHARLIE FAAS 9256314921 1928 ST MARYS RD PMB 4200 MORAGA CA 94575 BR THOMAS K JOHES PRESIDENT 40.00 X X 0 0 0 MICHAEL MATOSO VICE PRESIDENT FOR ATHLETI 40.00 X 467835 0 59179 DAVID JOCHIM TRUSTEE 1.00 X 0 0 0 KATHY LITTLES TRUSTEE 1.00 X 0 0 0 ANTHONY SCOLINI TRUSTEE 1.00 X 0 0 0 PATRICK CAREW VICE PRESIDENT, ADVANCEMEN 40.00 X 346215 0 21201 COREY COOK PROVOST 40.00 X 334175 0 20074 SUSAN COLLINS FORMER VICE PRESIDENT FOR FINANCE AND ADMINISTRATION 40.00 X 313775 0 4094 RANDALL W BENNETT HEAD COACH, M. BASKETBALL 40.00 X 1842576 0 88767 JUSTIN JOYNER ASST M. BASKETBALL COACH 40.00 X 265666 0 18529 RICHARD PLUMB FORMER PRESIDENT 40.00 X 435702 0 35671 ERIC FLOWERS CHAIR 1.00 X X 0 0 0 JOHN M ARNAUDON VICE CHAIR 1.00 X X 0 0 0 ELIZABETH PHELAN SECRETARY 1.00 X X 0 0 0 BROTHER CHARLES HILKEN TRUSTEE/PROFESSOR 40.00 X 0 0 0 BROTHER DAVID CARETTI TRUSTEE 1.00 X 0 0 0 BROTHER ERNEST MILLER TRUSTEE 1.00 X 0 0 0 BROTHER GUSTAVO RAMIREZ TRUSTEE 1.00 X 0 0 0 BROTHER JAMES GAFFNEY FSC TRUSTEE 1.00 X 0 0 0 BROTHER MICHAEL O'HERN TRUSTEE 1.00 X 0 0 0 BROTHER NICK GONZALEZ FSC TRUSTEE 1.00 X 0 0 0 CHARLES MOORE TRUSTEE 1.00 X 0 0 0 DAVID HOLQUIN TRUSTEE 1.00 X 0 0 0 DAVID KENNEY TRUSTEE 1.00 X 0 0 0 DAVID PERRY TRUSTEE 1.00 X 0 0 0 DENNIS MEISS TRUSTEE 1.00 X 0 0 0 KARL BEUTNER TRUSTEE 1.00 X 0 0 0 KEVIN FLYNN TRUSTEE 1.00 X 0 0 0 KIMBERLY VOGEL TRUSTEE 1.00 X 0 0 0 MARK MADGETT TRUSTEE 1.00 X 0 0 0 MICHAEL BRISBIN TRUSTEE 1.00 X 0 0 0 4005944 0 247515 7 1 1 0 SODEXO INC FOOD SERVICE MANAGEMENT DEPT 43283 LOS ANGELES CA 94505 CATERING/FOOD SERVICE 5215985 ABLE BUILDING MAINTENANCE CO DEPT 34651 PO BOX 39000 SAN FRANCISCO CA 94139 JANITORIAL 2915466 SHORT'S TRAVEL MANAGEMENT 1203 W RIDGEWAY AVE WATERLOO IA 50701 SPORTS TEAM TRAVEL SERVICE 1229692 SCELC 5161 LANKERSHIM BLVD SUITE 250 NORTH HOLLYWOOD CA 91601 ONLINE ELECTRONIC SUBSCRIPTIONS 1021454 SHAW SPORTS TURF CALIFORNIA 185 SOUTH INDUSTRIAL BLVD CALHOUN GA 30701 FIELD MAINTENANCE 895678 75 121683 12801771 805526 12923454 TUITION AND FEES 541900 124106710 124106710 AUXILIARY INCOME 611710 22348304 22348304 OTHER PROGRAM SERVICE REVENUE 611710 5042294 5042294 GRANT AND CONTRACT REVENUE 541900 1933525 1933525 ATHLETICS 711210 1169314 1169314 154600147 3443224 3443224 563600 563600 132650 0 132650 132650 132650 138556338 138140371 415967 415967 415967 130450 121683 76833 53617 53617 31421 8220 23201 23201 OTHER REVENUE 900099 -47588 -47588 -47588 172108272 154600147 0 4584671 68067244 68067244 2198206 730303 1175472 292431 68115318 55665711 10405754 2043853 11646470 8101884 3052358 492228 4804002 3925962 733892 144148 550928 550928 331332 331332 1314772 1314772 13564289 10062313 3346911 155065 873754 761991 111763 2117168 1000583 957342 159243 4650744 1130039 3518733 1972 7512146 5780777 1724870 6499 7045444 6481454 500701 63289 4594028 3614378 979650 7329203 6261257 1067946 3070919 3070919 ACADEMIC AND STUDENT PR 5354619 4645602 658078 50939 OTHER EXPENSES 1275583 1033582 229283 12718 LIBRARY ACQUISITIONS 1158107 1158107 215574276 178421187 33730704 3422385 11095026 6293596 13399727 12870183 4535622 4427859 101062 54619 1824269 2481148 288217037 157972098 133468948 130244939 146045988 211945795 41620568 0 512134 600632 352603344 368918771 13255140 15779684 6863028 6733110 50921556 107199156 9568402 4000000 11700382 6148499 92308508 139860449 X 83251125 48987463 177043711 180070859 260294836 229058322 352603344 368918771 X -43466004 10910817 1318673 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 170595673 2501050 14257874 8479637 178874960 184864549 1982526 -11181764 5069638 170595673 215804426 3003619 -12730540 21212956 184864549 178391445 3703601 47778754 14069374 215804426 181276465 2869687 3245367 9000074 178391445 0.14450 0.59340 0.26210 0 0 1336000 1336000 235334238 129082151 106252087 20941319 10462371 10478948 24984598 18427576 6557022 5620882 5620882 130244939 FEDERAL GOVERNMENT GRANTS REFUNDABLE 13396 LIABILITY UNDER TRUST AGREEMENTS 1884469 ASSET RETIREMENT OBLIGATIONS 2586169 POST RETIREMENT BENEFITS PAYABLE 1664465 6148499 X 182274090 10910817 263043 11173860 171100230 1008042 1008042 172108272 146192260 0 146192260 1314772 68067244 69382016 215574276 PART III, LINE 1A: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH, OR PUBLIC EXHIBITION RATHER THAN FOR SALE, ARE NOT RECOGNIZED OR CAPITALIZED. SIGNIFICANT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NOT HELD AS A PART OF A COLLECTION ARE RECORDED AS REVENUE AND ASSETS AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF RECEIPT BASED UPON APPRAISALS OR SIMILAR VALUATIONS. PART III, LINE 4: THE MUSEUM'S MISSION IS TO PLAY A LEADING ROLE AT SAINT MARY'S COLLEGE IN ADVANCING ACADEMIC EXCELLENCE IN AND GREATER COLLABORATION WITH THE ARTS THROUGH DEEP ENGAGEMENT AMONG OUR STUDENTS, FACULTY, STAFF, ALUMNI, DONORS, MEMBERS, AND THE GREATER BAY AREA ARTS COMMUNITY. PART V, LINE 4: THE INTENDED USES FOR THE COLLEGE'S ENDOWMENT FUNDS INCLUDE SCHOLARSHIPS, SUPPORT OF ACADEMIC PROGRAMS, AND FACULTY DEVELOPMENT. PART X, LINE 2: THE COLLEGE QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION ON RELATED SOURCES OF INCOME. THE COLLEGE IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME AND AN APPROPRIATE PROVISION FOR ANY SUCH TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 263,043. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER ADJUSTMENTS -47,588. OTHER NON-OPERATING EXP -702,939. INVESTMENT INCOME (SWAP GAIN) 1,974,027. PERKINS RECLASS -215,458. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 68,067,244. 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 COLLEGE REGULARLY ADVERTISES ITS PROGRAMS AND POSITIONS AVAILABLE AT THE COLLEGE IN NEWSPAPERS. THESE ADVERTISEMENTS ALWAYS CONTAIN LANGUAGE PUBLICIZING OUR RACIAL NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE UNITED STATES DEPARTMENT OF EDUCATION IN CONNECTION WITH STUDENT AID PROGRAMS UNDER TITLE IV (FEDERAL WORK STUDY, PELL GRANTS, SEOG) AS WELL AS NATIONAL SCIENCE AND MATHEMATICAL ACCESS TO RETAIN TALENT GRANTS, ACADEMIC COMPETITIVENESS GRANTS, AND PERKINS LOANS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 STUDY ABROAD EDUCATION 40938 NORTH AMERICA 0 0 STUDY ABROAD EDUCATION 299236 EUROPE 0 0 STUDY ABROAD EDUCATION 599727 EAST ASIA AND THE PACIFIC 0 0 STUDY ABROAD EDUCATION 135815 SOUTH ASIA 0 0 STUDY ABROAD EDUCATION 29180 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 20913431 EUROPE 0 0 INVESTMENTS 3234179 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 2403608 0 0 0 0 0 0 27656114 0 27656114 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL. PART IV, LINE 1: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE AN ADDITIONAL 8621. PART IV, LINE 5: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS AND FILED THE REQUIRED FORMS 8865 FOR THE TAX YEAR. X X X X X X X 1 CA AK AL AR GA HI KS KY LA ME MN MO MS NH NJ NM NC ND OH OK PA RI SC TN UT WI WV DE ID IN IA MT NE NV SD TX VT CT WY IL OR AZ GAEL GOLF CLASSIC 152823 79725 73098 19161 6920 14341 TIP OFF DINNER 62300 29643 32657 25162 2922 1 37010 12315 24695 5763 2564 252133 121683 130450 19161 37845 19827 76833 53617 31421 8220 0 31421 8220 8220 23201 CA 1 0 0 0 1.00000 STACI BYRNE 1928 ST MARYS RD MORAGA CA 94575 0 0 1 STUDENT SCHOLARSHIPS 2179 68067244 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE HAS A SET OF CRITERIA BY WHICH COLLEGE AID IS AWARDED TO STUDENTS. THE FINANCIAL AID OFFICE MAINTAINS RECORDS OF ALL STUDENT AID AWARDED AND SUBSTANTIATION FOR THE AWARDS. X 1 0 X X 0 0 0 0 0 0 0 0 0 RANDALL W BENNETT HEAD COACH, M. BASKETBALL 1564175 0 211752 0 66649 0 42544 0 46223 0 1931343 0 0 0 RICHARD PLUMB FORMER PRESIDENT 414937 0 0 0 20765 0 3879 0 31792 0 471373 0 0 0 MICHAEL MATOSO VICE PRESIDENT FOR ATHLETI 334979 0 74197 0 58659 0 11273 0 47906 0 527014 0 0 0 PATRICK CAREW VICE PRESIDENT, ADVANCEMEN 310518 0 31050 0 4647 0 8580 0 12621 0 367416 0 0 0 COREY COOK PROVOST 333080 0 0 0 1095 0 7891 0 12183 0 354249 0 0 0 SUSAN COLLINS FORMER VICE PRESIDENT FOR FINANCE AND ADMIN 148163 0 0 0 165612 0 2853 0 1241 0 317869 0 0 0 JUSTIN JOYNER ASST M. BASKETBALL COACH 229191 0 10000 0 26475 0 6598 0 11931 0 284195 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED HOUSING ALLOWANCE TO MICHAEL MATOSO. THESE AMOUNTS ARE REFLECTED IN COLUMN (B)(III) OF SCHEDULE J, PART II. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178J98 2019-10-02 56275000 SEE SCHEDULE K, PART VI 1 1 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 2023-11-16 110000000 SEE SCHEDULE K, PART VI 1 1 0 A 56275000 56275000 2009 1 0 1 1 B 110000000 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 A 0 0 0 1 1 1 BANK OF NY MELLON 23.000000000000 0 0 0 0 1 B 0 0 0 0 0 1 US BANK 23.000000000000 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/26/2011 SCHEDULE K, PART I, A: TAX DETERMINED RE-ISSUANCE OF SERIES 2007 BONDS. SCHEDULE K, PART IV, 2C: THE REBATE CALCULATION WAS MADE OCTOBER 26, 2011 AND DETERMINED THAT THERE WAS NO LIABILITY. IN THE SUBSEQUENT TAX DETERMINED RE-ISSUANCES, NO ADDITIONAL PROCEEDS HAVE BEEN RECEIVED, SO THIS REPORT IS THE FINAL REPORT FOR THE REBATE CALCULATION. SCHEDULE K, PART I, B: TAX DETERMINED RE-ISSUANCE OF SERIES 2007 BONDS. MATOSO MICHAEL VP INTERCOLLEGIATE ATHLETICS LOAN FOR PURCHASE OF HOME X 350000 258444 0 1 1 258444 CHRISTIAN BROTHERS CHARITABLE TRUST RELIGIOUS ORDER AFFILIATE 502827 RELIGIOUS STIPENDS AND BENEFITS EXPENSE 0 X 16 0 INDEPENDENT APPRAISAL X 9 60067 QUOTED MARKET PRICE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD OF TRUSTEES: THE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON OF EACH STANDING COMMITTEE, THE PRESIDENT, THE SECRETARY, THE BROTHER VISITOR AND THE PAST CHAIRPERSON(S) OF THE BOARD WHILE STILL SERVING AS A TRUSTEE. THE COMMITTEE MAY HAVE STAFF RESOURCES AS WILL BE HELPFUL TO THE COMMITTEE AS DETERMINED BY THE CHAIRPERSON OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE FULL POWER OF THE BOARD IN THE EVENT OF EMERGENCY OR EXIGENT CIRCUMSTANCE(S), AS DETERMINED BY A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE IN CONSULTATION WITH OR AT THE REQUEST OF THE PRESIDENT. ADDITIONALLY, ASSURING THE VITALITY OF THE MISSION OF THE COLLEGE IN THE AREA OF EXECUTIVE OVERSIGHT AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNANCE OF THE COLLEGE PER ARTICLE 3 OF THE BYLAWS IS DELEGATED TO THE BOARD OF TRUSTEES WHICH CONSISTS OF 26 VOTING PERSONS. THE COLLEGE DOES HAVE MEMBERS, WHOSE RIGHTS ARE OUTLINED IN PART VI, SECTION A, LINE 7B. FORM 990, PART VI, SECTION A, LINE 7A BY RIGHT OF OFFICE, THE BROTHER VISITOR AND THE PRESIDENT OF THE COLLEGE SHALL BE BOTH MEMBERS AND TRUSTEES, IF THEY ARE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBERS ARE TO CONSENT TO THE AMENDMENT OF THE CORPORATION'S ARTICLES, REPEAL THE BYLAWS, CONSENT TO ANY AMENDMENTS TO THE BYLAWS WHICH ADVERSELY AFFECT THE RIGHTS OF THE MEMBERS, CONSENT TO THE DISSOLUTION OF THE CORPORATION, CONSENT TO THE MERGER OR SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO REVIEW THE FORM 990 THAT HAS BEEN GENERATED BY MANAGEMENT AND REVIEWED BY THE COLLEGE'S OUTSIDE AUDITORS. THE FORM 990 IS ALSO POSTED ON THE BOARD OF TRUSTEES' SECURED WEBSITE FOR ALL TRUSTEES TO REVIEW IN TIME FOR THEIR AUDIT COMMITTEE MEETING. THE COLLEGE THEN FILES THE FORM 990 AFTER THIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY SHALL APPLY TO ANY TRANSACTION OR ARRANGEMENT WITH AN INTERESTED PERSON. INTERESTED PERSON MEANS A COVERED PERSON WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. COVERED PERSONS INCLUDES EACH TRUSTEE, OFFICER, MEMBER OF THE PRESIDENT'S CABINET, HIGHLY COMPENSATED EMPLOYEE, SUBSTANTIAL CONTRIBUTOR, ADVISOR APPOINTED BY A DONOR TO A SPECIFIC PROJECT OR FUND, ANY MEMBER OF A STANDING COMMITTEE OF THE BOARD, AND AN ACADEMIC DEAN. THE BOARD SHALL REQUIRE EACH INTERESTED PERSON TO DISCLOSE ANNUALLY ANY FINANCIAL INTEREST IN THE COLLEGE AND ALL MATERIAL FACTS RELATED THERETO. THE ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED TO THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD. AS SOON AS PRACTICABLE AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DELIBERATE THE MATTER, AND THE POTENTIALLY INTERESTED PERSON, AFTER SUPPLYING SUCH INFORMATION AS THE BOARD SHALL REQUEST, SHALL RECUSE HIMSELF OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND SR. VP COMPENSATIONS ARE REVIEWED AND DETERMINED BY THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES ALSO REVIEWS AND DETERMINES THE COMPENSATION FOR THE KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS AND PUBLIC VERSION OF FORM 990 ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE SECRETARY OF STATE. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE STAFF HANDBOOK, WHICH IS MADE AVAILABLE TO EMPLOYEES. FORM 990, PART XI, LINE 9: INVESTMENT INCOME (SWAP GAIN) 1,974,027. ACTUARIAL ADJUSTMENT 263,043. OTHER NON-OPERATING EXP -702,939. PERKINS RECLASS -215,458. EMPLOYER CONTRIBUTION VEBA TRUST FOR ST MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025792 VEBA TRUST CA 501(C)(9) N/A 0 EMPLOYEE AFTER-TAX CONTRIBUTION VEBA TRUST FOR SAINT MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025791 VEBA TRUST CA 501(C)(9) N/A 0 CHARITABLE REMAINDER ANNUITY TRUST (1) TRUST CA N/A T 1 CHARITABLE REMAINDER UNITRUST (1) TRUST CA N/A T 1 POOLED INCOME FUND (1) POOLED INVESTMENT FUND CA N/A T 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0