2025-05-18T15:50:03-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193631323 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 TODD OLSON PRESIDENT 3193631323 2025-02-25 1 0 SARAH HINTZ P00492291 3037795710 2025-02-25 2022 2025-03-06 01:10:19Z X TODD OLSON 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 73427259 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,500 STUDENTS. 27 27 801 330 38992 32542 8975303 6462921 48390916 46095226 2000544 1020166 48084 805293 59414847 54383606 20648831 21836920 0 0 19083412 19169070 111069 111220 939683 17681862 16288977 57525174 57406187 1889673 -3022581 103926298 100941068 17511242 15526570 86415056 85414498 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 0 0 33763859 21836920 40384864 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MA IN EDUCATION, MM, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2022, THERE WERE 1,081 TRADITIONAL, 83 ACCELERATED AND 157 GRADUATE, 107 ONLINE, AND 98 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,141; GRADUATE FTE WAS 219. 4929806 0 5063371 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3907141 0 646991 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 8782944 0 0 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 8782944 0 0 51383750 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1972 0 1 801 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL IA LA MD MI ND NH NV NY OH OK OR PA SC UT WA X TODD OLSON 3193631323 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 CHARLES ROHDE BOARD CHAIR & TRUSTEE 1.00 X X 0 0 0 MICHELE BUSSE BOARD CHAIR-ELECT & TRUSTEE 1.00 X X 0 0 0 SISTER MARGARET WEIGEL BOARD SECRETARY & TRUSTEE 1.00 X X 0 0 0 BRANDT WORLEY IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA BARHAMAND TRUSTEE 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LOREN COPPOCK TRUSTEE 1.00 X 0 0 0 TAMI CULVER TRUSTEE 1.00 X 0 0 0 DR MELANIE GIESLER-SPELLMAN TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SISTER DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT KAZIMOUR TRUSTEE 1.00 X 0 0 0 DR RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JASON MILLER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 SISTER SUSAN O'CONNOR TRUSTEE 1.00 X 0 0 0 SISTER LAURA REICKS TRUSTEE 1.00 X 0 0 0 DR VINCENT REID TRUSTEE 1.00 X 0 0 0 LEANN RIDGEWAY TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 KRISTEN TROVAS TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 DR RUTH WHITE TRUSTEE 1.00 X 0 0 0 TODD OLSON PRESIDENT 40.00 X 278967 0 57435 ANNE GILLESPIE VP FOR BUSINESS AND FINANCE 40.00 X 170546 0 49085 TIMOTHY LAURENT PROVOST 40.00 X 154003 0 47451 BRENDA HAEFNER VP FOR DEV & ALUMNI RELATIONS 40.00 X 151625 0 61080 KIM BRO DEAN COLLEGE OF NURSING & HEALTH 40.00 X 119515 0 25265 TODD COLEMAN VP FOR ENROL. & STUDENT SUCCESS 40.00 X 116206 0 30101 NATE KLEIN VP FOR STUDENT SUCCESS 40.00 X 112284 0 23082 TOM CASTLE AVP / VICE PROVOST 40.00 X 111775 0 39222 TOM DOERMANN AVP FOR HR & OPERATIONS 40.00 X 104323 0 25745 1319244 0 358466 9 0 1 0 ARAMARK CORPORATION - CAMPUS SERVICES 6000 FELDWOOD ROAD COLLEGE PARK GA 30346 FOOD SERVICES 2054502 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT RECRUITMENT & MARKETING SERVICES 909433 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA IA 52404 CONSTRUCTION MANAGEMENT SERVICES 834876 RUFFALO NOEL LEITZ 1025 KIRKWOOD PARKWAY CEDAR RAPIDS IA 52040 DONOR ENGAGEMENT SERVICES 781326 BRECKE MECHANICAL CONTRACTORS 4140 F AVE NW CEDAR RAPIDS IA 52405 MECHANICAL SERVICES 227736 14 48784 171603 6242534 24458 6462921 TUITION & FEES 611310 40384864 40384864 AUXILIARY SERVICES 611710 5063371 5063371 FEES & ASSESSMENTS 611710 646991 646991 46095226 656695 38992 617703 19390208 19026737 363471 363471 363471 9216 48784 16916 -7700 -7700 INSURANCE PROCEEDS 900099 812993 812993 812993 54383606 46095226 38992 1786467 19208731 19208731 2628189 2628189 917355 825619 91736 15192420 13678560 1023094 490766 676304 621672 33745 20887 1276624 1158089 77948 40587 1106367 946845 120078 39444 88712 88712 103530 103530 111220 111220 120087 120087 4012499 3077839 906756 27904 1422039 965820 441882 14337 356056 320242 28443 7371 214652 145787 66701 2164 1909739 1725419 153249 31071 194438 189818 2766 1854 173630 117926 53953 1751 567655 549476 14971 3208 2825783 2735293 74521 15969 433116 389551 34599 8966 ATHLETICS 1488018 1010632 462384 15002 EQUIP, SUPPLIES, MAINT. 1141663 1114538 16239 10886 BAD DEBT 287171 195041 89235 2895 MEMBERSHIP & JOURNALS 165104 112135 51304 1665 785085 492147 292938 57406187 51383750 5082754 939683 2500 2500 9500253 10351795 897237 1649965 1223443 1562426 1720805 1383579 92602062 45017449 49040134 47584613 27629823 24611770 10823523 11045214 319693 292095 2768887 2457111 103926298 100941068 3116008 1886671 399824 346402 13473394 12710780 148571 107143 373445 475574 17511242 15526570 X 52565699 46442609 33849357 38971889 86415056 85414498 103926298 100941068 X -3022581 1968651 53372 X X 0 1 X 1 1 1 X 3142215 2733321 9583078 8975303 6462921 30896838 3142215 2733321 9583078 8975303 6462921 30896838 1360830 29536008 664516 598433 510095 729919 617703 3120666 0 7832 32542 40374 812993 812993 34870871 240135420 0.84700 0.87890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2022 AMOUNT: $ 812,993. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23300 53360 X X 34358994 3477186 2742973 1130000 90000 39359153 36315412 1029403 -1852807 1030000 103041 34358994 27783955 2073210 7592958 1010000 124711 36315412 29774122 418381 -1388548 940000 80000 27783955 29612897 805456 510769 1075000 80000 29774122 0.09189 0.90287 0.00524 0 0 2087683 2087683 62150924 29507059 32643865 10854260 9569845 1284415 17509195 5940545 11568650 47584613 PRIVATE EQUITY FUND 7836685 F OBLIGATION 2569701 F REAL ESTATE 632632 F ABSOLUTE RETURN FUND 6196 F 11045214 ANNUITIES PAYABLE 13500 DUE TO US GOVT PROGRAM 292277 LEASE LIABILITY 169797 475574 X 34478128 1968651 12590 70288 2051529 32426599 120087 21836920 21957007 54383606 35478686 12590 16916 29506 35449180 120087 21836920 21957007 57406187 PART III, LINE 4: MOUNT MERCY HOLDS SEVERAL PIECES OF ARTWORK THAT ARE HELD FOR PUBLIC DISPLAY AT ITS JANALYN HANSON WHITE ART GALLERY AND ITS STUDENT-SUPPORTED PAHA REVIEW ART PROGRAM. ADDITIONALLY, THESE WORKS GENERALLY SUPPORT THE UNIVERSITY'S COMPREHENSIVE UNDERGRADUATE ART PROGRAM. PART X, LINE 2: THE UNIVERSITY IS RECONGIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,666. FUNDRAISING EXEPENSES 16,916. CHANGE IN VALUE OF INTEREST RATE SWAPS 150,038. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 21,836,920. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 16,916. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 21,836,920. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN FISCAL YEAR 2024, MOUNT MERCY WILL BE UPDATING ITS HOMEPAGE TO CLEARLY DISPLAY ITS TITLE IX NONDISCRIMINATORY POLICY TO THE PUBLIC. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1529667 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS STUDY ABROAD 85500 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS STUDY ABROAD 334400 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS STUDY ABROAD 1795893 NORTH AMERICA 0 0 SCHOLARSHIPS STUDY ABROAD 51000 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIPS STUDY ABROAD 29000 SOUTH ASIA 0 0 SCHOLARSHIPS STUDY ABROAD 283885 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS STUDY ABROAD 48511 0 0 0 0 0 0 4157856 0 4157856 INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. CENTRAL AMERICA AND THE CARIBBEAN 3 85500 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. EAST ASIA AND THE PACIFIC 13 334400 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. EUROPE (INCLUDING ICELAND & GREENLAND) 67 1795893 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. NORTH AMERICA 2 51000 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. RUSSIA AND NEIGHBORING STATES 1 29000 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. SOUTH AMERICA 10 283885 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, MERCY, ETC. SUB-SAHARAN AFRICA 3 48511 STUDENT ACCOUNT PAYMENT PROCESS 0 N/A N/A 0 0 0 0 1 0 PART I, LINE 2: SEE FULL EXPLANATION ON SCHEDULE I, PART IV. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: X X X X X X X 1 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 DATA ANALYSIS, CAMPAIGN DELIVERY, DEV. AND DIGITAL MARKETING 0 300000 111220 188780 300000 111220 188780 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC TN SD TX UT VT VA WA WV WI WY GOLF OUTING 58000 48784 9216 8644 2795 5477 58000 48784 9216 8644 2795 5477 16916 -7700 1 STATE - IOWA TUITION GRANTS, NATIONAL GUARD, GEAR UP, VOC REHAB, ETC. 474 2835453 N/A N/A FEDERAL - PELL & SEOG 376 1953240 N/A N/A OUTSIDE SCHOLARSHIPS - AMERICORP, CARVER GRANT, ICF DEI CHAPTER, ICF WINTER, ICF IGNITE, ICF US BANK, VA CHAPTER 33, VA VOC REHAB, ETC. 269 2437465 N/A N/A INSTITUTIONAL SCHOLARSHIPS - ACADEMIC DEANS, PRESIDENT, LEGACY, ENGAGEMENT, ATHLETICS, CATHERINE MCAULEY, ETC. 994 11982573 N/A N/A PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED COMPLETED CUMULATIVE GPA YEAR 1 24 2.00 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. PART III, COLUMN (B): AWARD LETTERS ARE ISSUED TO PROSPECTIVE STUDENTS WITH THE ELIGIBLE INSTITUTIONAL AID IN ADDITION TO OTHER KNOWN STATE/FEDERAL/OTHER GRANTS PRIOR TO STUDENTS ATTENDING MOUNT MERCY. THE NUMBER OF RECIPIENTS PROVIDED IS BASED ON ACTUAL AWARDED FINANCIAL AID INCLUDING INSTITUTIONAL SCHOLARSHIPS/DISCOUNTS. X X 1 1 X X 0 0 0 0 0 0 0 1 0 TODD OLSON PRESIDENT 240000 0 30000 0 8967 0 14400 0 43035 0 336402 0 0 0 ANNE GILLESPIE VP FOR BUSINESS AND FINANCE 170546 0 0 0 0 0 10404 0 38681 0 219631 0 0 0 BRENDA HAEFNER VP FOR DEV & ALUMNI RELATIONS 151625 0 0 0 0 0 9757 0 51323 0 212705 0 0 0 TIMOTHY LAURENT PROVOST 154003 0 0 0 0 0 9676 0 37775 0 201454 0 0 0 TOM CASTLE AVP / VICE PROVOST 111775 0 0 0 0 0 7193 0 32029 0 150997 0 0 0 PART I, LINE 1A PRESIDENT IS AUTHORIZED PER CONTRACT TO HAVE SPOUSE ACCOMPANY HIM TO EVENTS, BUT NO SPOUSE TRAVEL OCCURRED IN FISCAL YEAR 2022-23. THE PRESIDENT LIVED IN UNIVERSITY PAID HOUSING, NOW OWNS HIS OWN HOME (PURCHASED AUGUST 2022) AND DOES NOT RECEIVE A HOUSING ALLOWANCE. THE PRESIDENT AND VP FOR DEVELOPMENT HAVE COUNTRY CLUB MEMBERSHIPS PAID FOR BY THE UNIVERSITY AS PART OF HIS REGULAR JOB RESPONSIBILITIES. THESE BENEFITS WERE NOT INCLUDED IN HIS TAXABLE COMPENSATION. PART I, LINE 7 THE PRESIDENT RECEIVED A PERFORMANCE BONUS OF $30,000 PER HIS EMPLOYMENT CONTRACT IN CALENDAR YEAR 2022. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2023-06-14 12921000 REFINANCED EXISTING DEBT - SEE BOND DOCUMENTS UPLOADED BELOW. 0 0 0 A 12921000 212197 12708803 2023 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 4 23300 APPRAISED VALUE X 1158 ACTUAL COST 0 0 1 0 PART I, COLUMN (B): SCHEDULE M, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE 6: TOTAL NUMBER OF VOLUNTEERS IS 330. VOLUNTEERS CONSIST OF BOARD MEMBERS, VOLUNTEERS FOR PHONATHON, AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. FORM 990, PART VI, SECTION A, LINE 1A ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE GOVERNING BOARD. IT SHALL ALSO BE THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE TO ANNUALLY EVALUATE THE OFFICE OF THE PRESIDENT AND TO ADVISE THE PRESIDENT ACCORDINGLY IN THE PERFORMANCE OF THE PRESIDENT'S RESPONSIBILITIES. AMONG ITS RESPONSIBILITIES ARE RECOMMENDING THE ANNUAL SALARY, BENEFITS, AND RELATED MATTERS TO BE ACCORDED TO THE PRESIDENT AND MEMBERS OF THE PRESIDENT'S CABINET. IT IS ALSO THE RESPONSIBILITY OF THIS COMMITTEE TO ESTABLISH THE PROCESS FOR PRESIDENTIAL SEARCHES. AT LEAST ONCE EVERY FIVE (5) TO TEN (10) YEAR PERIOD OF PRESIDENTIAL INCUMBENCY, IF THE PRESIDENT AND BOARD OF TRUSTEES ARE PREPARED TO RENEW A LONG-TERM COMMITMENT TO EACH OTHER, THE PRESIDENT AND THE BOARD SHALL PARTICIPATE IN A COMPREHENSIVE JOINT REVIEW PROCESS TO BE CONDUCTED AS THE BOARD SHALL THEN DETERMINE. FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE & EXECUTIVE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS OF THE INSTITUTION ARE REQUIRED TO DISCLOSE ALL RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE INSTITUTION ANNUALLY USING A CONFLICT OF INTEREST QUESTIONNAIRE. ALL DISCLOSURES REQUIRED UNDER THE CONFLICT OF INTEREST POLICY MUST BE DIRECTED IN WRITING TO THE SECRETARY OF THE BOARD WHO, TOGETHER WITH THE UNIVERSITY COUNSEL, SHALL BE RESPONSIBLE FOR THE ADMINISTRATION OF THIS POLICY. MATTERS UNDER THIS POLICY CONCERNING TRUSTEES SHALL BE REPORTED INITIALLY TO THE CHAIR OF THE BOARD FOR APPROPRIATE ACTION; THOSE CONCERNING STAFF WILL BE REFERRED INITIALLY TO THE PRESIDENT. INFORMATION DISCLOSED TO THE SECRETARY OR PRESIDENT SHALL BE HELD IN CONFIDENCE EXCEPT WHEN THE BEST INTEREST OF THE INSTITUTION WOULD BE SERVED BY DISCLOSING THE INFORMATION TO THE BOARD IN EXECUTIVE SESSION. TRUSTEES OR OFFICERS WHO HAVE DECLARED OR BEEN FOUND TO HAVE CONFLICT OF INTEREST IN ANY MATTER BEFORE THE ADMINISTRATION OR THE BOARD SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. THE PERSON OR PERSONS INVOLVED SHOULD NOT VOTE ON SUCH MATTERS AND SHOULD NOT BE PRESENT AT THE TIME OF VOTE. THE ORGANIZATION DOCUMENTS ITS PROCEEDINGS AND FINDINGS IN ITS MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT. THROUGH THE ANNUAL BUDGET REVIEW PROCESS, THE SALARIES OF OTHER OFFICERS AND EMPLOYEES ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. MOUNT MERCY ENGAGES A THIRD PARTY FIRM WHICH USES INDUSTRY DATA TO DETERMINE COMPENSATION. SEE SCHEDULE J, PART III. THE EXECUTIVE COMMITTEE EITHER APPROVES THE BUDGET OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023 FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 150,038. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,666. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. AMENDED RETURN THIS AMENDED RETURN IS FILED PURSUANT TO THE DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES TO INCLUDE A PREVIOUSLY OMITTED FORM 8865. REASONABLE CAUSE STATEMENT AVAILABLE UPON REQUEST. THIS AMENDED RETURN ALSO CORRECTS AN ORIGINALLY FILED FORM 8865 TO REFLECT UPDATED CAPITAL CONTRIBUTIONS TO THE PARTNERSHIP. SCHEDULE F WAS ALSO REVISED TO REFLECT THIS CHANGE.