2022-03-08T13:07:51-06:00 2021-06-30 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-07-01 460283336 MOUNT MARTY UNIVERSITY MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 TABITHA LIKNESS VP OF FINANCE/ADMINSTRATION 6056681514 2022-03-07 1 TABITHA LIKNESS 999009999 LAURIE HANSON CPA P00851848 6053391999 2022-03-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARCUS LONG 1105 WEST 8TH STREET YANKTON SD 57078 29917154 0 X WWW.MOUNTMARTY.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 23 22 523 28 0 0 3144268 5759098 17897525 20100090 263941 437221 1568752 2076772 22874486 28373181 8091776 9445710 0 0 9683470 10343474 0 77730 537856 6036085 7708960 23811331 27575874 -936845 797307 69294079 76628235 29746295 29154217 39547784 47474018 X MOUNT MARTY UNIVERSITY, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 25116147 9445710 22086432 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,058 STUDENTS. 25116147 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 55 0 1 523 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X TABITHA LIKNESS 6056681603 1105 WEST 8TH STREET YANKTON SD 57078 MS DEB FISCHER-CLEMENS CHAIR 2.50 X X 0 0 0 MS NANCY WERNER VICE CHAIR 2.50 X X 0 0 0 MR DENIS FOKKEN TREASURER 2.50 X X 0 0 0 DARYL THURINGER SECRETARY 2.50 X X 0 0 0 DCN JOHN OSNES PHD IMMEDIATE PAST CHAIR 1.30 X X 0 0 0 S MARIBETH WENTZLAFF PRIORESS 1.30 X 0 0 0 S CAROL JEAN VANDEN HEMEL DIRECTOR 1.30 X 0 0 0 S MARY CAROLE CURRAN DIRECTOR 1.30 X 0 0 0 FR PAUL RUTTEN DIRECTOR 1.30 X 0 0 0 FR JAMES KEITER DIRECTOR 1.30 X 0 0 0 DR JIM FITZGERALD DIRECTOR 1.30 X 0 0 0 S MARY JO POLAK DIRECTOR 1.30 X 0 0 0 DR ALLAN TRAMP DIRECTOR 1.30 X 0 0 0 DR VICTORIA VLACH DIRECTOR 1.30 X 0 0 0 DR J LEE JOHNSON DIRECTOR 1.30 X 0 0 0 DR LORI HANSEN DIRECTOR 1.30 X 0 0 0 DONALD ROBY DIRECTOR 1.30 X 0 0 0 DAVID JOHNSON DIRECTOR 1.30 X 0 0 0 MS KATHIE GERSTNER DIRECTOR (UNTIL OCT 2020) 1.30 X 0 0 0 S BARBARA MCTAGUE DIRECTOR 1.30 X 0 0 0 MR JEFF MAY DIRECTOR 1.30 X 0 0 0 MR JOHN PORTER DIRECTOR 1.30 X 0 0 0 ROB STEPHENSON DIRECTOR 1.30 X 0 0 0 S PATRICIA ANN TOSCANO DIRECTOR 1.30 X 0 0 0 DR MARCUS LONG PRESIDENT 40.00 X 241573 0 32086 TABITHA LIKNESS VP OF FINANCE/ADMINISTRATI 40.00 X 65000 0 3250 LUKEYTHIA BASTARDI ASST. PROF.-NURSE ANEST 40.00 X 155300 0 0 LARRY DAHLEN PROF.-NURSE ANEST 40.00 X 166039 0 23738 CHRISTIAN HUNHOFF CHIEF INFORMATION OFFICER 40.00 X 123085 0 25798 ANDREA ROBERTS ASST. PROF.-NURSE ANEST 40.00 X 173220 0 5229 TAYLOR REHFELDT ASST. PROF.-NURSE ANEST 40.00 X 165300 0 6575 1089517 0 96676 10 0 1 0 A'VIANDS NW 8704 MINNEAPOLIS MN 554855704 FOOD SERVICE 874111 ANTHOLOGY PO BOX 850001 ORLANDO FL 32885 IT SUPPORT 692945 2 6548 206329 4277382 1268839 129944 5759098 TUITION & FEES 611710 19410081 19410081 690009 690009 20100090 40892 40892 59629 0 59629 59629 59629 641520 25542 270733 0 370787 25542 396329 396329 49162 6548 18361 30801 30801 3241221 1254879 1986342 1986342 28373181 22086432 0 527651 9445710 9445710 357907 357907 72877 72877 8313582 7397902 663917 251763 301454 263901 27002 10551 732418 636925 74411 21082 565236 484662 64241 16333 149348 149348 54231 34210 20021 77730 77730 291006 264772 4500 21734 116514 116514 396986 243013 91880 62093 367999 350 367649 510557 510557 350446 346182 2776 1488 954343 826650 87369 40324 1650705 1629421 15963 5321 162689 162689 INSTITUTIONAL SUPPORT 890331 865194 10413 14724 REPAIRS AND MAINTENANCE 658358 563163 95195 SUPPLIES 545321 520104 11759 13458 STUDENT LIFE 330356 312615 16518 1223 279770 269388 10350 32 27575874 25116147 1921871 537856 4085801 4447850 3096768 2342970 988807 969368 1074144 906792 1729002 1391088 53272131 21415524 30303205 31856607 27907834 34365522 25486 243521 83032 104517 69294079 76628235 2338709 837939 960132 1109825 13065686 14932489 3462800 4472601 346788 200000 9572180 7601363 29746295 29154217 X 6197228 11769313 33350556 35704705 39547784 47474018 69294079 76628235 797307 6893028 235899 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28072359 441222 7302599 1040839 154652 34620689 28252427 403455 682444 1131091 134876 28072359 26608805 416980 2141861 837803 77416 28252427 26453771 448946 2087991 2295916 85987 26608805 20366019 4154786 2752601 725077 94558 26453771 0.01120 0.60450 0.38430 0 0 1300717 1300717 42724889 14782980 27941909 7309794 5572447 1737347 1936731 1060097 876634 31856607 CHARITABLE REMAINDER UNITRUST 286661 REFUNDABLE U.S. GOVERNMENT ADVANCES 1460170 LONG-TERM RELATED NOTE PAYABLE, UNSECURED 4350000 OTHER LIABILITIES 1504532 7601363 X 27174910 6893028 235899 -9600618 -2471691 29646601 -1273420 -1273420 28373181 19248676 1273420 1273420 17975256 9600618 9600618 27575874 PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS' WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE UNIVERSITY'S INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. PART X, LINE 2: THE UNIVERSITY 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 UNIVERSITY 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: SCHOLARSHIPS NETTED TO REVENUE FOR GAAP -9,445,710. ADMINISTRATIVE EXPENSES NETTED TO REVENUE FOR GAAP -154,908. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE -1,254,879. SPECIAL EVENT EXPENSES -18,361. BOARD IN-KIND EXPENSES INCLUDED IN REVENUE -180. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE 1,254,879. SPECIAL EVENT EXPENSES 18,361. BOARD IN-KIND EXPENSES INCLUDED IN REVENUE 180. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED TO REVENUE FOR GAAP 9,445,710. ADMINISTRATIVE EXPENSES NETTED TO REVENUE FOR GAAP 154,908. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UNIVERSITY CATALOG, WEBSITE, AND BROADCAST MEDIA SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE UNIVERSITY, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. X X 0 EAB PO BOX 603519 CHARLOTTE NC 282603519 MARKETING SERVICES 0 0 77730 0 77730 AL AK AZ AR CA CO DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY CT MMU GOLF CLASSIC JULY 2020 17147 3696 13451 400 5750 1385 906 MMU GOLF CLASSIC MAY 2021 38563 2852 35711 900 6665 1459 896 55710 6548 49162 1300 12415 2844 1802 18361 30801 1 SCHOLARSHIPS 870 9445710 PART I, LINE 2: THE UNIVERSITY HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X 1 0 X X 0 0 0 0 0 0 0 0 0 DR MARCUS LONG PRESIDENT 217093 0 0 0 24480 0 11092 0 21043 0 273708 0 0 0 LARRY DAHLEN PROF.-NURSE ANEST 166039 0 0 0 0 0 8301 0 15486 0 189826 0 0 0 ANDREA ROBERTS ASST. PROF.-NURSE ANEST 173220 0 0 0 0 0 3874 0 1403 0 178497 0 0 0 TAYLOR REHFELDT ASST. PROF.-NURSE ANEST 165300 0 0 0 0 0 6575 0 49 0 171924 0 0 0 LUKEYTHIA BASTARDI ASST. PROF.-NURSE ANEST 151800 0 0 0 3500 0 0 0 49 0 155349 0 0 0 PART I, LINE 1A THE PRESIDENT OF MOUNT MARTY UNIVERSITY, MARC LONG, RECEIVES $2,000 PER MONTH FOR A HOUSING STIPEND. THIS AMOUNT IS TAXABLE ON HIS W-2. A CITY OF YANKTON SOUTH DAKOTA 466000567 2019-06-28 13841310 CONSTRUCTION, FURNISHING, AND EQUIPPING OF FIELDHOUSE 0 0 0 A 13841310 209756 41800 13589754 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 JOE RUTTEN FAMILY MEMBER OF BOARD MEMBER 72877 EMPLOYEE COMPENSATION 0 X 7 126267 FMV X IN-KIND GIFTS 12 3677 FMV 0 0 1 0 PART I, COLUMN (B): AMOUNTS ARE THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 1 THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY 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, THE UNIVERSITY'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 2 DENIS FOKKEN AND ROB STEPHENSON HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE UNIVERSITY AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE UNIVERSITY; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE UNIVERSITY AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE UNIVERSITY; (E) TO AMEND THE BYLAWS OF THE UNIVERSITY; (F) TO OVERSEE THE UNIVERSITY'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE UNIVERSITY'S FINANCIAL POSITION; (G) TO RECEIVE THE UNIVERSITY'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE UNIVERSITY, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE UNIVERSITY; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE & AUDIT COMMITTEE REVIEWS THE 990 AND A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD ALONG WITH A RECOMMENDATION FROM THE FINANCE & AUDIT COMMITTEE. THE FULL BOARD THEN REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS WAS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A MULTI-YEAR EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER TRUSTS (1) CRT SD N/A T 1 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 1