2022-03-22T13:26:38-05:00 2021-05-31 390859910 BAKER TILLY US LLP 225 SOUTH SIXTH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2020-06-01 410695527 ST MARYS UNIVERSITY OF MINNESOTA STMA 5074571445 700 TERRACE HEIGHTS WINONA MN 559871399 BENJAMIN MURRAY EXECUTIVE VP AND CFO 5074571445 2022-03-10 1 BENJAMIN MURRAY 999009999 LAWRENCE H MOHR CPA P00447603 6128764500 2022-03-10 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FATHER JAMES BURNS 700 TERRACE HEIGHTS WINONA MN 559871399 122211476 0 X WWW.SMUMN.EDU X 1912 MN SEE SCHEDULE O 30 29 1854 40 -13344 0 15894444 20957917 85818452 84408845 928458 3308856 549909 475257 103191263 109150875 23035062 24421588 0 0 46485139 44036074 0 0 1879133 28781154 28063440 98301355 96521102 4889908 12629773 182925802 206783049 31246155 29680028 151679647 177103021 X ENRICHED BY THE LASALLIAN CATHOLIC HERITAGE, SAINT MARY'S UNIVERSITY OF MINNESOTA AWAKENS, NURTURES, AND EMPOWERS LEARNERS TO ETHICAL LIVES OF SERVICE AND LEADERSHIP. 0 0 63020880 24421588 75948248 INSTRUCTION AND ACADEMIC SUPPORT:SAINT MARY'S UNIVERSITY OF MINNESOTA HAS TWO PRIMARY ACADEMIC UNITS: THE COLLEGE AND THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP). THE COLLEGE CONSISTS OF THE TRADITIONAL UNDERGRADUATE BACHELOR OF ARTS EXPERIENCE BASED ON THE WINONA CAMPUS. THE SGPP INCLUDES CONTINUING EDUCATION OFFERINGS, CERTIFICATE PROGRAMS, BACHELOR OF SCIENCE COMPLETION PROGRAMS, MASTER'S PROGRAMS, EDUCATION SPECIALIST PROGRAM AND FOUR DOCTORAL PROGRAMS. ACROSS THE 12-MONTH 2020-2021 ACADEMIC YEAR THE COLLEGE ENROLLED 1,056 STUDENTS AND DELIVERED 30,342 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 5,548 STUDENTS ACROSS THE 2020-2021 ACADEMIC YEAR AND DELIVERED 63,119 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT SGPP IN 2021-2022. THE UNIVERSITY OFFERS 46 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 62 PROGRAMS WITHIN THE SGPP. 14005404 514570 STUDENT SERVICES:IN 2020-2021, 335 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 30% OF THAT POPULATION) PARTICIPATED IN 15 NCAA DIVISION III SPORTS OFFERED AT SAINT MARY'S UNIVERSITY. PARTICIPATION IN INTRAMURAL ACTIVITIES ANNUALLY IS MORE THAN 40%. THE FINANCIAL AID OFFICE PROCESSED $66,020,875 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2020-2021. 101 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2020-2021. TWENTY SIX STUDENTS PARTICIPATED IN THE FIRST GENERATION INITIATIVE PROGRAM, WHICH OFFERS SELECTED STUDENTS SCHOLARSHIPS TO ATTEND THE UNIVERSITY AND SPECIAL SUPPORT ACTIVITIES WHICH INCLUDE STUDY HALLS, SPECIALIZED ADVISING AND SOCIAL ACTIVITIES WHICH PROMOTE RETENTION AND STUDENT SUCCESS. IN ADDITION STUDENT SUCCESS CENTER OFFERS ACADEMIC ADVISING AND TUTORING/LEARNING SERVICES, INCLUDING NEW STUDENT ORIENTATION TO ALL COLLEGE STUDENTS. STUDENTS CAN ALSO MAKE USE OF THE WRITING CENTER, INTERNATIONAL CENTER, CAREER SERVICES AND INTERSHIPS, RISE (RECREATION, INVOLVEMENT AND STUDENT ENGAGEMENT) AS WELL AS CAMPUS MINISTRY FOR A WELL ROUNDED COMMUNITY EXPERIENCE. 5955906 8299422 AUXILIARY SERVICES: SAINT MARY'S UNIVERSITY OF MINNESOTA OFFERS ITS WINONA UNDERGRADUATE STUDENTS A COMPREHENSIVE RESIDENTIAL LIFE EXPERIENCE. LIVING ON CAMPUS MEANS BEING PART OF A CLOSE-KNIT COMMUNITY, AND CREATING FRIENDSHIPS AND CONNECTIONS THAT LAST A LIFETIME. 85% OF STUDENTS AT THE COLLEGE RESIDE ON CAMPUS. TWELVE RESIDENCE HALLS ARE LOCATED ON OUR BEAUTIFUL WINONA CAMPUS, SURROUNDED BY 450 ACRES OF WOODED BLUFFS AND TRAILS. RESIDENCE OPTIONS OFFER STUDENTS A VARIETY OF TRADITIONAL SINGLE AND DOUBLE OCCUPANCY ROOMS, SUITES, AND APARTMENT-STYLE OPTIONS. SAINT MARYS' UNIVERSITY OF MINNESOTA OFFERS THREE CONVENIENT ON-CAMPUS DINING OPTIONS, TONER STUDENT CENTER DINING HALL, CARDINAL CAFE, AND CARDINAL COFFEE. SEVERAL MEAL PLANS ARE TAILORED TO MEET EACH STUDENT'S NEEDS AND SCHEDULES. STUDENTS CAN ALSO UTILIZE A NEW MARKET, WHICH CONTAINS A VARIETY OF CONVENIENT SNACKS AND BEVERAGES. 82982190 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 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 1 129 0 1854 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 1 0 1 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 AK CO DC IL MA MD MI MN ND NH NY OH SC WA X BENJAMIN MURRAY 5074571445 700 TERRACE HEIGHTS 8 WINONA MN 55987 BURNS FATHER JAMES PRESIDENT 40.00 X X 328443 0 62370 SCHMISEK BRIAN PROVOST & DEAN OF FACULTIES 40.00 X 215304 0 23230 GORDON LEAH PROGRAM DIRECTOR, NURSE ANESTHESIA 40.00 X 186326 0 22294 REINHART TODD DEAN OF SCIENCES & HEALTH PROFESSIONS 40.00 X 177977 0 21159 KINTZI AUDREY VP, ADVANCEMENT & COMMUNICATIONS 40.00 X 172394 0 19747 MURRAY BENJAMIN EXECUTIVE VICE PRESIDENT & CFO 40.00 X 162763 0 28626 ALBERS TIMOTHY VICE PROVOST, ENROLLMENT MANAGEMENT 40.00 X 148491 0 39235 GAUDERMAN JULIE ASSOCIATE DIRECTOR, NURSE ANESTHESIA 40.00 X 160594 0 12404 WIESER MICHELLE DEAN OF BUSINESS & TECHNOLOGY 40.00 X 135181 0 34095 MERCHLEWITZ ANN SENIOR VP & GENERAL COUNSEL 40.00 X 97856 0 23700 RUSSELL TERRANCE K CHAIR 1.00 X X 0 0 0 LAAK MICHAEL VICE CHAIR 1.00 X X 0 0 0 SIMON SANDRA SECRETARY 1.00 X X 0 0 0 STEVENS GREGORY TREASURER 1.00 X X 0 0 0 BARYL JENNIFER TRUSTEE 1.00 X 0 0 0 BIMONTE BRO ROBERT TRUSTEE 1.00 X 0 0 0 BURRICHTER MARY TRUSTEE 1.00 X 0 0 0 CERONE ROBERT TRUSTEE 1.00 X 0 0 0 CLASEN MARY PAT TRUSTEE 1.00 X 0 0 0 CURRAN BRO JACK TRUSTEE 1.00 X 0 0 0 DOMANICO JOHN TRUSTEE 1.00 X 0 0 0 FEHRENBACH BRO MICHAEL TRUSTEE 1.00 X 0 0 0 FESTEKJIAN RAFFI TRUSTEE 1.00 X 0 0 0 FROST MARILYN TRUSTEE 1.00 X 0 0 0 GOSTOUT BOBBIE TRUSTEE 1.00 X 0 0 0 HAYDOCK ROGER TRUSTEE 1.00 X 0 0 0 HORAN JAMES TRUSTEE 1.00 X 0 0 0 JACOBS MARK TRUSTEE 1.00 X 0 0 0 JOHNSON AMY TRUSTEE 1.00 X 0 0 0 JOHNSON BRO THOMAS TRUSTEE 1.00 X 0 0 0 MCGINNISS BRO MICHAEL TRUSTEE 1.00 X 0 0 0 O'HERN BRO MICHAEL TRUSTEE 1.00 X 0 0 0 O'LEARY KAYE TRUSTEE 1.00 X 0 0 0 SMARRELLI JOHN TRUSTEE 1.00 X 0 0 0 STEGER ANGELA TRUSTEE 1.00 X 0 0 0 TRAUSCHT ANN TRUSTEE 1.00 X 0 0 0 VAN FOSSEN MARCY TRUSTEE 1.00 X 0 0 0 WADE JOHN TRUSTEE 1.00 X 0 0 0 WLAZIK MARY PAT TRUSTEE 1.00 X 0 0 0 REMICK MARY ANN TRUSTEE - OUTGOING 1.00 X 0 0 0 POOS BRO DAVID TRUSTEE - OUTGOING 1.00 X 0 0 0 1785329 0 286860 21 0 1 0 WILEY 1415 WEST 22ND ST SUITE 400 OAK BROOK IL 60523 ONLINE LEARNING 8699357 MCGOUGH CONSTRUCTION 2737 FAIRVIEW AVE N ST PAUL MN 55113 CONSTRUCTION CONTRACTOR 6597427 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2244773 WINONA HEATING AND VENTILATING 374 EAST SECOND ST WINONA MN 55987 CONSTRUCTION CONTRACTOR 1178905 EPA AUDIO VISUAL INC 7910 HIGHWAY 55 ROCKFORD MN 55373 COMMUNICATIONS TECHNOLOGY 547457 38 6380379 14577538 436883 20957917 TUITION AND FEES 541900 75262096 75262096 AUXILIARY ENTERPRISES 611710 8299422 8299422 PRIVATE SPONSORED RESEARCH & PROG 541700 686152 686152 PROGRAM FOR ADVANCED COLLEGE CRED 611110 161175 161175 84408845 1123936 -13344 1137280 252963 131101 121862 121862 121862 15114420 12929500 2184920 2184920 2184920 MISCELLANEOUS 611519 353395 353395 353395 109150875 84762240 -13344 3444062 24421588 24421588 1865853 812066 689976 363811 34795062 28845607 5116332 833123 1029400 839987 155899 33514 3424855 2763605 487695 173555 2920904 2391692 445427 83785 7775 7775 61485 61485 237456 237456 1931351 1355116 491540 84695 1226597 981277 183990 61330 1179686 691869 380777 107040 1445462 1156370 216819 72273 3885266 3413912 471354 643502 514802 96525 32175 676642 541314 101496 33832 284488 241815 42673 3584730 3047020 537710 429044 364687 64357 ONLINE FEE 8236701 7001196 1235505 FOOD SERVICE 2200667 1870567 330100 EQUIPMENT RENTAL & MAIN 1354423 1151260 203163 SPECIAL PROGRAMS 678165 576440 101725 96521102 82982190 11659779 1879133 31738162 22315240 1867000 4879000 5804987 4231999 625837 519373 170547288 72594684 86895447 97952604 46415522 65408115 7635253 9476085 1159488 1144741 784106 855892 182925802 206783049 4927850 5240023 1547357 1205643 11952303 12645251 9519017 8390460 45155 41968 57501 35013 3196972 2121670 31246155 29680028 X 95092854 98299219 56586793 78803802 151679647 177103021 182925802 206783049 X 12629773 12630399 163202 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 123902 123902 0 PART II-B, LINE 1: LOBBYING ACTIVITIES: SAINT MARY'S UNIVERSITY OF MINNESOTA IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. SAINT MARY'S UNIVERSITY OF MINNESOTA PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $155,325 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2021 INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 79.77% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $123,902 OF SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 509015 X 0 0 1 X 58898667 8202767 15800880 3068000 79834314 60992695 1843497 1662961 5600486 58898667 64245509 1763990 -247822 4768982 60992695 58820983 2107589 5993649 2676712 64245509 53026579 2092874 6122967 2421437 58820983 0.26200 0.73800 0.00000 1 0 2405662 2405662 111648285 36678756 74969529 4285913 3510633 775280 31464403 27806420 3657983 20743025 4598875 16144150 97952604 ANNUITIES PAYABLE 382690 REFUNDABLE DEPOSITS 110953 ASSET RETIREMENT OBLIGATION 963864 CONTRACT PAYABLE 664163 2121670 X 98134966 12630399 51087 12681486 85453480 237456 23459939 23697395 109150875 72711592 18986 18986 72692606 237456 23591040 23828496 96521102 PART III, LINE 4: THE ARTWORK AT THE UNIVERSITY INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE. PART IV, LINE 2B: THE UNIVERSITY HOLDS AGENCY FUNDS AND SAVINGS FOR STUDENT GROUPS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. ACCORDINGLY, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT STATUS (UNRELATED BUSINESS ACTIVITIES). THE UNIVERSITY 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2021 AND 2020. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FUNDS HELD IN TRUST BY OTHERS 51,087. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 23,591,040. RENTAL EXPENSES -131,101. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ACTUARIAL ADJUSTMENT -112,115. RENTAL EXPENSES 131,101. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 23,591,040. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES A RACIALLY NONDISCRIMINATORY POLICY ON ALL APPLICATIONS, OUR WEBSITE, OUR UNDERGRADUATE AND GRADUATE CATALOGS, OUR FACT SHEET, OUR GRADUATE PROGRAM INFORMATION SHEETS AND OUR UNDERGRADUATE STUDENT RESOURCE AND DAILY PLANNER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. CENTRAL AMERICAN AND CARIBBEAN (JAMAICA) 1 6 PROGRAM SERVICES EDUCATION 3000 CENTRAL AMERICAN AND CARIBBEAN (CAYMAN) 0 0 INVESTMENTS 9476085 1 6 0 0 1 6 9479085 0 9479085 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN CORPORATIONS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, THE PARTNERSHIPS HAVE FILED FORM 8621 ON THEIR PARTNERS' BEHALF, AND THEREFORE THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT. 1 SCHOLARSHIPS AND GRANTS 943 23591040 CARES ACT STUDENT FINANCIAL ASSISTANCE 813 830548 PART I, LINE 2: THE UNIVERSITY DISTRIBUTES SCHOLARSHIPS BASED ON NEED AND MERIT. NEED BASED SCHOLARSHIPS ARE AWARDED BY THE FINANCIAL AID OFFICE USING THE INFORMATION FROM THE RESULTS OF THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID). MERIT BASED SCHOLARSHIPS ARE AWARDED BY THE ADMISSIONS OFFICE USING THE INFORMATION FROM THE STUDENT'S OFFICIAL HIGH SCHOOL TRANSCRIPTS AND THE RESULTS OF THE STANDARDIZED TEST (ACT, SAT, ETC.). FOR STUDENTS RECEIVING GRANTS AND SCHOLARSHIP FUNDS WITH RENEWAL CONDITIONS, FULFILLMENT OF THOSE CONDITIONS ARE VERIFIED BY THE FINANCIAL AID ADMINISTRATOR PRIOR TO THE AWARD BEING RENEWED (GPA, YEAR OF ATTENDANCE, ETC.) X 1 1 X X 0 0 0 0 0 0 0 0 0 BURNS FATHER JAMES PRESIDENT 327891 0 0 0 552 0 16500 0 45870 0 390813 0 0 0 SCHMISEK BRIAN PROVOST & DEAN OF FACULTIES 214840 0 0 0 464 0 11234 0 11996 0 238534 0 0 0 GORDON LEAH PROGRAM DIRECTOR, NURSE ANESTHESIA 186158 0 0 0 168 0 9761 0 12533 0 208620 0 0 0 REINHART TODD DEAN OF SCIENCES & HEALTH PROFESSION 177296 0 0 0 681 0 9275 0 11884 0 199136 0 0 0 KINTZI AUDREY VP, ADVANCEMENT & COMMUNICATIONS 171749 0 0 0 645 0 8952 0 10795 0 192141 0 0 0 MURRAY BENJAMIN EXECUTIVE VICE PRESIDENT & CFO 162542 0 0 0 221 0 8850 0 19776 0 191389 0 0 0 ALBERS TIMOTHY VICE PROVOST, ENROLLMENT MANAGEMENT 147620 0 0 0 871 0 8185 0 31050 0 187726 0 0 0 GAUDERMAN JULIE ASSOCIATE DIRECTOR, NURSE ANESTHESIA 160475 0 0 0 119 0 8370 0 4034 0 172998 0 0 0 WIESER MICHELLE DEAN OF BUSINESS & TECHNOLOGY 134919 0 0 0 262 0 7417 0 26678 0 169276 0 0 0 PART I, LINE 1A JAMES BURNS HAS USE OF A HOUSE ON THE WINONA CAMPUS AND A CONDO NEAR THE TWIN CITIES CAMPUS. $36,000 OF EMPLOYER PAID HOUSING IS INCLUDED IN HIS NON-TAXABLE BENEFITS IN COLUMN D OF PART II. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-04-10 6025000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 5546000 BRIDGE LOAN 0 0 0 C MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 2471000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 A 4030000 6025000 62737 5962263 2014 1 0 0 0 B 493000 5546000 46000 5500000 2018 0 0 0 0 C 1047000 2471000 2471000 26262 2018 0 1 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/03/2019 SCHEDULE K, PART IV, LINE 7: DURING THE TWELVE MONTH PERIOD THE UNIVERSITY WORKED WITH OUTSIDE CONSULTANTS TO MONITOR COMPLIANCE; REBATE ANALYSTS HAVE BEEN ENGAGED SINCE THE INITIAL ISSUE. X 451 FAIR MARKET VALUE X 19 436432 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: SAINT MARY'S UNIVERSITY OF MINNESOTA'S POLICY IS TO SELL ALL STOCK GIFTS RECEIVED AT THE TIME OF RECEIPT. FORM 990, PART I, LINE 1 SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC COMPREHENSIVE INSTITUTION SERVING ABOUT 5,500 STUDENTS EACH YEAR. THE UNIVERSITY DELIVERS AN AFFORDABLE, PERSONALIZED EDUCATION GUIDED BY ITS LASALLIAN CATHOLIC HERITAGE. RANKED AS MINNESOTA'S "BEST VALUE" BY U.S. NEWS & WORLD REPORT IN 2022 FOR MIDWEST REGIONAL UNIVERSITIES, SAINT MARY'S OFFERS A WIDE ARRAY OF PROGRAMS FOR ALL STUDENTS AT EVERY STAGE OF THEIR LIVES, UNDERGRADUATE TO DOCTORATE. SAINT MARY'S RELEVANT AND REPUTABLE PROGRAMS, REAL-WORLD EXPERIENCES, AND CARING FACULTY HELP STUDENTS ACHIEVE THEIR GOALS. THE UNIVERSITY HAS CAMPUSES IN WINONA, MINNEAPOLIS AND ROCHESTER. SAINT MARY'S UNDERGRADUATE, LIBERAL ARTS COLLEGE OFFERS 46 MAJORS AT ITS STUNNING 450-ACRE WINONA CAMPUS, SERVING ABOUT 1,000 STUDENTS. THE VIBRANT COLLEGE BOASTS CHALLENGING ACADEMIC PROGRAMS, INCLUDING ITS NEW B.S. IN NURSING, AND A TRADITIONAL RESIDENTIAL EXPERIENCE. THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS OFFERS BACHELOR'S COMPLETION, MASTER'S AND DOCTORAL DEGREES, AND ACCELERATED GRADUATE CERTIFICATES PROGRAMS, SERVING ABOUT 4,500 STUDENTS EACH YEAR. SAINT MARY'S OFFERS FLEXIBLE COURSE SCHEDULES, DIVERSE LEARNING FORMATS, AND MULTIPLE START DATES THROUGHOUT THE YEAR, CREATING GREATER ACCESS TO A QUALITY EDUCATION FOR ADULT LEARNERS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS THE FULL POWERS OF THE BOARD TO TAKE SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN THE EVENT OF AN EMERGENCY OR OTHER EXIGENT CIRCUMSTANCES, AS DETERMINED BY EITHER THE PRESIDENT OR THE CHAIR. THE COMMITTEE CONSISTS OF THE CHAIR, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE CHAIR OF EACH OF THE STANDING COMMITTEES, THE IMMEDIATE PAST-CHAIR OF THE BOARD IF THAT PERSON IS STILL SERVING ON THE BOARD, AND THE PROVINCIAL OF THE MIDWEST DISTRICT OF THE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES WERE LAST AMENDED IN OCTOBER 2020. ARTICLE IV WAS REVISED FROM REQUIRING THAT 25% OF THE BOARD BE BROTHERS OF THE CHRISTIAN SCHOOLS TO AT LEAST SIX (6) MEMBERS OF THE BOARD OF TRUSTEES SHALL BE MEMBERS OF THE BROTHERS OF THE CHRISTIAN SCHOOLS. ARTICLE III, SECTION 3 OF THE BYLAWS WERE REVISED IN MAY 2021 TO CLARIFY THE NUMBER OF TERMS A TRUSTEE MAY SERVE. TRUSTEES MAY SUCCEED THEMSELVES, BUT TRUSTEES WHO HAVE SERVED FOR TWO (2) CONSECUTIVE TERMS (INCLUDING ANY PARTIAL TERM) SHALL NOT BE ELIGIBLE FOR REELECTION UNTIL ONE (1) YEAR HAS ELAPSED AFTER THE END OF THEIR SECOND TERM. HOWEVER, A TRUSTEE WHO HAS COMPLETED TWO TERMS MAY HAVE HIS OR HER TERM EXTENDED FOR ADDITIONAL FIVE-YEAR TERMS IF THE BOARD DETERMINES THAT THE TRUSTEE BRINGS SPECIAL EXPERTISE NEEDED BY THE BOARD. SAID TRUSTEE MAY NOT SERVE MORE THAN FOUR (4) CONSECUTIVE TERMS. FORM 990, PART VI, SECTION A, LINE 6 THE BROTHERS OF THE CHRISTIAN SCHOOLS ARE CONSIDERED MEMBERS OF THE UNIVERSITY. THE BROTHERS OF THE CHRISTIAN SCHOOLS AS AN ENTITY DO NOT HAVE ANY VOTING POWER. FORM 990, PART VI, SECTION A, LINE 8B EACH COMMITTEE REPORTS ITS ACTION TO THE GENERAL SESSION OF THE BOARD OF TRUSTEES. COMMITTEE ACTIONS ARE DOCUMENTED THROUGH THE MINUTES OF THE GENERAL SESSION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990. AFTER REVIEW BY THE AUDIT COMMITTEE, THE BOARD OF TRUSTEES RECEIVES A COPY OF THE PUBLIC INSPECTION COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IN JUNE OF EACH YEAR, TRUSTEES, OFFICE HOLDERS AND COMMITTEE MEMBERS DISCLOSE IN WRITING: (1) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER; (2) ALL CONTRACTS OF BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND A FAMILY MEMBER; AND (3) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND AN ORGANIZATION IN WHICH THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER OR THEIR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. THE GENERAL COUNSEL SHALL REVIEW THE REPORT AND THEN PRESENT A REPORT TO THE EXECUTIVE COMMITTEE WITH THE DETAILS OF THE CONFLICT OF INTEREST AND RECOMMENDATIONS. UPON RECEIPT OF THE REPORT FROM THE GENERAL COUNSEL, THE EXECUTIVE COMMITTEE SHALL MEET TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR APPEARS TO EXIST. THE EXECUTIVE COMMITTEE SHALL RECORD A SUMMARY OF THE INTEREST, THE DETERMINATIONS MADE AND THE ACTIONS TAKEN BY THE COMMITTEE REGARDING THE POSSIBLE CONFLICT. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION IT DEEMS APPROPRIATE INCLUDING: 1) FINDING THAT THE POTENTIAL CONFLICT OF INTEREST IS NOT DIRECT OR MATERIAL AND THAT THE UNIVERSITY'S INTERESTS ARE BEST SERVED BY THE TRUSTEE'S, OFFICE HOLDER'S OR COMMITTEE MEMBER'S PARTICIPATION; 2) RESTRICTING THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER FROM ATTENDING ANY MEETING OR GATHERING AT ANY TIME AT WHICH THE MATTER IN QUESTION IS DISCUSSED; OR 3) UPON DETERMINING THAT THE CONTRACT OR BUSINESS TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST AND IS FAIR AND REASONABLE, APPROVE THE PROPOSED CONTRACT OR BUSINESS TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION FOR THE PRESIDENT ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF COMPENSATION. YAFFEE & COMPANY WAS ENGAGED IN 2021 TO COMPLETE A COMPENSATION STUDY FOR THE PRESIDENT. THE PRESIDENT, SUPPORTED BY THE AVP FOR HUMAN RESOURCES AND CHIEF FINANCIAL OFFICER, IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION OF ALL OTHER POSITIONS ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF EXECUTIVE-LEVEL COMPENSATION, DEFINED AS CABINET-LEVEL POSITIONS. SALARY SURVEY DATA FROM CUPA-HR (COLLEGE UNIVERSITY PROFESSIONAL ASSOCIATION HUMAN RESOURCES), A NATIONAL DATA-BASE OF HIGHER EDUCATION SALARY INFORMATION, IS USED TO ASSESS AND ESTABLISH COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE MINNESOTA SECRETARY OF STATE. THE BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH EMMA (ELECTRONIC MUNICIPAL MARKET ACCESS). FORM 990, PART XI, LINE 9: GAIN ON FUNDS HELD BY OTHERS 51,087. GAIN ON ACTUARIAL ADJUSTMENT 112,115. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUST (6) CHARITABLE TRUST MN N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0