2022-05-13T18:06:13-05:00 2021-06-30 420714325 RSM US LLP 201 FIRST STREET SE SUITE 800 CEDAR RAPIDS IA 52401 990 2020-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 TODD OLSON PRESIDENT 3193686470 2022-05-13 1 TODD OLSON 999009999 CARLEY LANE P00982177 3192985333 2022-01-31 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TODD OLSON 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 62817079 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,700 STUDENTS 31 31 818 250 14252 0 2733321 9583078 49921771 48887065 426196 1190603 940 60360 53082228 59721106 18165113 18959484 0 0 18416725 18375088 55555 58427 836555 14782078 15702775 51419471 53095774 1662757 6625332 97731253 108024860 23429310 20074160 74301943 87950700 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 29512890 18959484 42232521 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, MCJ, MA IN EDUCATION, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2020, THERE WERE 1,107 TRADITIONAL, 115 ACCELERATED AND 191 GRADUATE, 160 ONLINE, AND 133 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,245; GRADUATE FTE WAS 292. 4079226 4025879 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3401783 570161 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 6781534 2058504 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 6781534 2058504 43775433 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2295 0 1 818 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA X TODD OLSON 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 MOLLY ALTORFER TRUSTEE 1.00 X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 BARBARA BARHAMAND BOARD CHAIR VICE & TRUSTEE 1.00 X X 0 0 0 KENNETH BROWN TRUSTEE 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 JEFFREY CANNON TRUSTEE 1.00 X 0 0 0 PATRICE CARROLL 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 MELANIE GIESLER-SPELLMAN TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SR 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 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JANE MEYER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 SR SUSAN O'CONNOR TRUSTEE 1.00 X 0 0 0 LISA PITZ TRUSTEE 1.00 X 0 0 0 SR LAURA REICKS TRUSTEE 1.00 X 0 0 0 VINCENT REID TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 CHARLES ROHDE CHAIR & TRUSTEE 1.00 X X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 SR MARGARET WEIGEL SECRETARY & TRUSTEE 1.00 X X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 BRANDT WORLEY IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 LAURIE HAMEN PAST PRESIDENT 40.00 X 285993 0 44801 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 40.00 X 167358 0 20934 TIMOTHY LAURENT INTERIM PRESIDENT & PROVOST 40.00 X 176589 0 38358 BRENDA HAEFNER VP FOR DEVEL & ALUMNI RELATIONS 40.00 X 153903 0 30952 ROBERT BEATTY PRESIDENT (UNTIL 6/30/2021) 40.00 X 115712 0 16949 SHEA FRANCIS AVP FOR BUSINESS & FIN/CONTROLLER 40.00 X 109432 0 15558 TOM CASTLE INTERIM PROVOST & ASSOCIATE PROVOST 40.00 X 118401 0 31575 NATE KLEIN VP STUDENT SUCCESS 40.00 X 101500 0 28428 1228888 0 227555 8 0 1 0 ARAMARK CORPORATION-CAMPUS SERVICES 6000 FELDWOOD ROAD COLLEGE PARK GA 30349 FOOD SERVICE 1537556 HELIX EDUCATION INC 175 SOUTH WEST TEMPLE SUITE 700 SALT LAKE CITY UT 84101 STUDENT RECRUITMENT SERVICES 1353709 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 CAMPUS STORE & MAIL SERVICES 591164 NOE TREE SERVICE 5531 KING RICHARD DRIVE KATY TX 77493 TREE SERVICE & LANDSCAPING 502750 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT RECRUITMENT & MARKETING SERVICES 304645 15 6050657 3532421 9583078 TUITION & FEES 611600 42232521 42232521 AUXILARY SERVICE 611710 4025879 4025879 MISCELLANEOUS 611710 2037115 2037115 FEES & ASSESSMENTS 611710 570161 570161 STUDENT FEES 611710 21389 21389 48887065 524347 14252 510095 3762176 3095920 666256 666256 666256 60413 53 60360 60360 59721106 48887065 14252 1236711 18959484 18959484 725552 652997 72555 15188349 13561046 1171653 455650 680278 600670 59297 20311 701550 619594 61009 20947 1079359 952561 94571 32227 60856 60856 89973 89973 58427 58427 107495 107495 4136898 2238909 1833816 64173 543067 364066 179001 843250 617662 160252 65336 857600 830137 22617 4846 553953 549873 701 3379 121702 99490 21891 321 515803 515803 2791213 2701829 73610 15774 364442 5410 359032 CURRENT RESTRICTED 783016 747015 35852 149 BAD DEBT 776058 -2513 778571 EQUIPMENT RENTAL & MAIN 527529 471350 54102 2077 STUDENT/ATHLETIC/FUNCTI 402949 335579 58309 9061 2226971 123271 2092378 11322 53095774 43775433 8483786 836555 2502 2500 6718470 7711959 2346300 1399130 1392021 3681534 804821 1061888 88674573 39510337 50936092 49164236 24368658 31900458 7179340 9081425 600003 418574 3383046 3603156 97731253 108024860 3648869 3488937 556297 1752713 14842263 14128204 360000 190000 3384327 0 637554 514306 23429310 20074160 X 44866282 51840039 29435661 36110661 74301943 87950700 97731253 108024860 X 6625332 6694893 328532 X 0 1 X 1 1 1 X 6865427 6465467 3142215 2733321 6162369 25368799 6865427 6465467 3142215 2733321 6162369 25368799 1708772 23660027 529317 561245 664516 598433 524347 2877858 28246657 232498675 0.83760 0.82160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27783955 2073210 7592958 1010000 124711 36315412 29774122 418381 -1388548 940000 80000 27783955 29612897 805456 510769 1075000 80000 29774122 27154721 1650815 1717361 606588 303412 29612897 25124578 2121286 2787497 768961 2109679 27154721 0.10477 0.67844 0.21679 0 0 2087683 2087683 58090405 26103965 31986440 8894315 5686859 3207456 19602170 7719513 11882657 49164236 PRIVATE EQUITY FUND 7070443 F COLLATERALIZED DEBT OBLIGATION 1412285 F REAL ESTATE 560347 F ABSOLUTE RETURN FUND 38350 F 9081425 ANNUITIES PAYABLE 15000 DUE TO US GOVT PROGRAM 499306 514306 X 43914110 6694893 -107548 6587345 37326765 22394341 22394341 59721106 34028846 53 53 34028793 19066981 19066981 53095774 PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED 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, 2021 AND 2020, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -107,495. COST OF GOODS SOLD -53. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 18,959,484. PASSTHROUGH K-1 INCOME 14,252. PPP LOAN FORGIVENESS 3,420,605. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 53. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 18,959,486. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 107,495. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVEN THOUGH THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER IN ACCORDANCE WITH PARAGRAPH 4.03(2)(A) OF REV. PROC. 75-50, THE NONDICSCRIMINATORY POLICY IS ACCESSIBLE ON THE UNIVERSITY WEBSITE. IN ADDITION, THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY, THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE ARCHDIOCESE OF DUBUQUE. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 9936175 0 0 0 0 0 0 9936175 0 9936175 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 RESEARCH, MAIL, EMAIL 0 71775 58427 13348 71775 58427 13348 AL GA KS ME NJ NM PA RI TN WI WV AR CA CT DC HI IL KY MN MO MS NC VA AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA 1 ENDOWED SCHOLARSHIPS 353 726868 ATHLETIC SCHOLARSHIPS 524 2239298 MERIT SCHOLARSHIPS 1698 12243769 OTHER SCHOLARSHIPS 121 3749549 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. X X 1 1 X 0 0 0 0 0 0 0 0 0 LAURIE HAMEN PAST PRESIDENT 284476 0 0 0 1517 0 34480 0 10321 0 330794 0 0 0 TIMOTHY LAURENT INTERIM PRESIDENT & PROVOST 175995 0 0 0 594 0 11033 0 27325 0 214947 0 0 0 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 166786 0 0 0 572 0 10200 0 10734 0 188292 0 0 0 BRENDA HAEFNER VP FOR DEVEL & ALUMNI RELATIONS 153625 0 0 0 278 0 9566 0 21386 0 184855 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE AND PERSONAL SERVICES IS FOR THE HOUSE THAT MOUNT MERCY UNIVERSITY OWNS AND THE PRESIDENT RESIDES IN WHERE SHE CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND HOLDS COLLEGE RELATED ENTERTAINMENT FUNCTIONS. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. ANY PERSONAL USE BY THE INDIVIDUAL IS REIMBURSED TO THE UNIVERSITY. A IOWA FINANCE AUTHORITY 521699886 2016-09-28 10000000 FINANCE ATHLETIC COMPLEX 0 0 0 B CITY OF ROBINS IA 420887558 2018-12-26 8341000 FINANCE BUILDING & EQUIPMENT 0 0 0 A 3417550 10000000 92000 9908000 2016 0 0 1 1 B 729396 8341000 41100 8299900 2018 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 B 0 0 1 0 0 0 US BANK 7.000000000000 0 0 0 0 0 A 1 B 1 FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS IS 250 VOLUNTEERS CONSIST OF BOARD MEMBERS, VOLUNTEERS FOR PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. 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 A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE 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 EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. 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, PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR BUSINESS AND FINANCE, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, VICE PRESIDENT FOR ENROLLMENT AND MARKETING, VICE PRESIDENT FOR STUDENT SUCCESS, AND VICE PRESIDENT FOR MISSION AND MINISTRY. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. 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 SPLIT INTEREST AGREEMENTS 2,525. CHANGE IN VALUE INTEREST RATE SWAPS 340,259. K-1 PASSTHROUGH INCOME -14,252.