COLLEGE OF ST BENEDICT BUSINESS OFF: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGE OF ST BENEDICT BUSINESS OFF (EIN 41-0969244)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-12
- IRS object ID
- 202241329349303859
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-12T11:41:14-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N Illinois Street | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410969244 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | College of Saint Benedict | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % SUSAN PALMER | InCareOfNm |
| Business Name Control | COLL | BusinessNameControlTxt |
| Phone | 3203635999 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 S COLLEGE AVE | AddressLine1Txt |
| City | SAINT JOSEPH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56374 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN PALMER | PersonNm |
| Person Title | VP FINANCE AND ADMIN | PersonTitleTxt |
| Phone | 3203635298 | PhoneNum |
| Signature | 2022-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUSAN | PersonFirstNm |
| Person Last | PALMER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NICOLE B FISHBACK | PreparerPersonNm |
| PTIN | P01279475 | PTIN |
| Phone | 3173834000 | PhoneNum |
| Preparation | 2022-05-16 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUSAN PALMER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 S COLLEGE AVE | AddressLine1Txt |
| City | SAINT JOSEPH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56374 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $116,173,005 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CSBSJU.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1913 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 2001 | TotalEmployeeCnt |
| Total Volunteers | 1326 | TotalVolunteersCnt |
| Total Gross UBI | $2,423 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $7,886 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $10,465,715 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,807,823 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $94,847,238 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $92,599,728 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,255,674 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,586,911 | CYInvestmentIncomeAmt |
| PY Other Revenue | $472,435 | PYOtherRevenueAmt |
| CY Other Revenue | $383,404 | CYOtherRevenueAmt |
| PY Total Revenue | $110,041,062 | PYTotalRevenueAmt |
| CY Total Revenue | $115,377,866 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $44,815,297 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $44,079,258 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $36,983,509 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,580,689 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $129,532 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,464,766 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,677,194 | PYOtherExpensesAmt |
| CY Other Expenses | $24,885,207 | CYOtherExpensesAmt |
| PY Total Expenses | $108,605,532 | PYTotalExpensesAmt |
| CY Total Expenses | $104,545,154 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,435,530 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,832,712 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $251,991,111 | TotalAssetsBOYAmt |
| Total Assets EOY | $271,867,157 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $59,716,479 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $55,364,344 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $192,274,632 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $216,502,813 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE COLLEGE OF SAINT BENEDICT IS TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $81,930,253 | ExpenseAmt |
| Grant | $44,079,258 | GrantAmt |
| Revenue | $77,532,380 | RevenueAmt |
| Desc | HIGHER EDUCATION: EDUCATIONAL INSTRUCTION, 1,657 FALL FTE STUDENTS ENROLLED IN UNDERGRADUATE COURSES, 456 GRADUATES. THE COLLEGE OF SAINT BENEDICT WILL BE NATIONALLY RECOGNIZED AS A COMMUNITY THAT PROVIDES A LIBERAL ARTS EDUCATION PREPARING WOMEN TO THINK CRITICALLY, LEAD COURAGEOUSLY, AND ADVOCATE PASSIONATELY. THE COLLEGE OF SAINT BENEDICT DESIGNS PROGRAMS TO MEET THE NEEDS AND ASPIRATIONS OF YOUNG WOMEN, EMPHASIZING WOMEN'S LEADERSHIP AND A PERSONAL DEVELOPMENT PROFILE THAT INCLUDES INTELLECTUAL, SPIRITUAL, EMOTIONAL AND PHYSICAL DEVELOPMENT. ITS VALUES-BASED AND VALUE-ADDED RESIDENTIAL LIBERAL ARTS EDUCATION PROVIDES THE FRAMEWORK FOR FULFILLING LIVES OF DISCIPLINED INQUIRY AND LEADERSHIP IN CAREERS DEVOTED TO THE PROFESSIONS, PUBLIC LIFE AND SERVICE TO OTHERS. ACADEMIC ACTIVITY OUTSIDE OF THE CLASSROOM WAS LIMITED DUE TO COVID-19. COLLEGE OF SAINT BENEDICT DID NOT CONDUCT ANY STUDY ABROAD PROGRAMS AND ANY OTHER TRAVEL OR VISITOR RELATED ACTIVITY WAS EITHER LIMITED OR CANCELLED. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,540,677 | ExpenseAmt |
| Revenue | $14,956,584 | RevenueAmt |
| Desc | Higher education: auxiliary revenue (dining, housing, etc) 1,657 students. the residential life program at the college of saint benedict provides a four year residential experience of community living which supports and challenges our students with opportunities for personal and social growth. this experience allows women to develop an understanding and appreciation of their responsibilities to themselves and others living in the community on campus and beyond. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $494,168 | RevenueAmt |
| Desc | Other program services: fine arts programming and other student and community services designed to foster development and growth outside the classroom. our fine arts events bring the finest regional and national artists to our community. other programs including service trips, conferences, and campus events. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $92,470,930 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 92 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2001 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | SF | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN PALMER | PersonNm |
| Phone | 3203635298 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 S COLLEGE AVE | AddressLine1Txt |
| City | SAINT JOSEPH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56374 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MARY HINTON | ||||||||||
| FORMER PRESIDENT | 0.0 | 0.0 | Yes (X) | $696,803 | $0 | $49,777 | ||||
| SUSAN PALMER | ||||||||||
| VP FINANCE AND ADMINISTRATION | 50.0 | 0.0 | $259,235 | $0 | $23,615 | Yes (X) | ||||
| NATHAN DEHNE | ||||||||||
| VP ENROLLMENT | 50.0 | 0.0 | $180,583 | $0 | $76,387 | Yes (X) | ||||
| KATHLEEN HANSEN | ||||||||||
| VP INSTITUTIONAL ADVANCEMENT | 50.0 | 0.0 | $202,943 | $0 | $40,411 | Yes (X) | ||||
| RYAN GIDEON | ||||||||||
| EXECUTIVE DIR. OF FACILITIES | 50.0 | 0.0 | $133,051 | $0 | $78,517 | Yes (X) | ||||
| MARY GELLER | ||||||||||
| VP STUDENT ACTIVITIES | 50.0 | 0.0 | $148,598 | $0 | $61,188 | Yes (X) | ||||
| LAURIE HAMEN | ||||||||||
| INTERIM PRESIDENT | 60.0 | 0.0 | $162,893 | $0 | $26,404 | Yes (X) | Yes (X) | |||
| CASEY GORDON | ||||||||||
| DIRECTOR OF IT SERVICES | 50.0 | 0.0 | $139,824 | $0 | $43,848 | Yes (X) | ||||
| ANNE OBERMAN | ||||||||||
| CONTROLLER | 50.0 | 0.0 | $125,106 | $0 | $38,490 | Yes (X) | ||||
| HEATHER PIEPER-OLSON | ||||||||||
| ASSOC VP INSTITUTIONAL ADVANCE | 50.0 | 0.0 | $127,598 | $0 | $32,614 | Yes (X) | ||||
| CORIE BARRY | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| PATRICIA BARTHOLOMEW | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| CATHERINE BOYLAN | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| BARBARA JUDITH SCHMID BRANDES | ||||||||||
| BOARD CHAIR | 10.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | |||
| TERRY DOLAN | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MICHAELA HEDICAN OSB | ||||||||||
| TRUSTEE | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| KATHY KURVERS HENDERSON | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| KRISTEN HODGE-CLARK | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARY CATHERINE HOLICKY OSB | ||||||||||
| TRUSTEE | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| JEAN JUENEMANN OSB | ||||||||||
| TRUSTEE | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| TERRI RAE GIYAN KALLSEN | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARY KRAMER | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| ANNE SCHMIDT KRUMP | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| NADA MOURTADA SABBAH | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| LYNN MYHRAN | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARILYN PORTER | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARY REUTER OSB | ||||||||||
| TRUSTEE | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| DAVID ROBERTS | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| PATRICIA RUETHER OSB | ||||||||||
| TRUSTEE | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| CAROL SCHLEIF | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| DANIEL SCOTT | ||||||||||
| BOARD VICE CHAIR | 10.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | |||
| LEANNE MATTHEWS STEWART | ||||||||||
| TRUSTEE | 8.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARY THOMPSON | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| JONA VAN DEUN | ||||||||||
| BOARD SECRETARY | 10.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | |||
| MARGIE WIEHOFF | ||||||||||
| TRUSTEE | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| MARIA BURNHAM | ||||||||||
| PRESIDENT, ALUMNAE BOARD | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| SUSAN RUDOLPH OSB | ||||||||||
| PRIORESS | 5.0 | 40.0 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,176,634 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $471,251 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCDERMOTT WILL EMERY LLP | |||||
| PO BOX 1675 | CAROL STREAM | IL | 601321675 | LEGAL SERVICE | $747,753 |
| EPA AUDIO VISUAL | |||||
| 7910 STATE HIGWAY 55 | ROCKFORD | MN | 55373 | AUDIO VISUAL TECH | $313,612 |
| MINITEX | |||||
| 309 19TH AVE SO | MINNEAPOLIS | MN | 554550439 | LIBRARY SERVICES | $300,671 |
| ELLUCIAN COMPANY LP | |||||
| 62578 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | INFORMATION TECH | $281,956 |
| MEKETA FIDUCIARY MGMT | |||||
| 100 LOWDER BROOK DR | WESTWOOD | MA | 02090 | INVESTMENT SERVICES | $276,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 24 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,016,777 | GovernmentGrantsAmt |
| All Other Contributions | $6,791,046 | AllOtherContributionsAmt |
| Noncash Contributions | $294,400 | NoncashContributionsAmt |
| Total Contributions | $10,807,823 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $78,327,519 | $78,327,519 | |
| AUXILIARY REVENUE | 721310 | $13,778,041 | $13,756,398 | $21,643 |
| OTHER SOURCES - FINE ARTS | 711190 | $494,168 | $483,918 | $10,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $92,599,728 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,355,948 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$29,470 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,385,418 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,105,263 | SecuritiesAmt |
| Other | $125,700 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,105,263 | SecuritiesAmt |
| Other | $125,700 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,230,963 | TotalRevenueColumnAmt |
| Exclusion | $10,230,963 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,178,543 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $795,139 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $383,404 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $383,404 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,377,866 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,951,239 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,423 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,616,381 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,000 | TotalAmt |
| Program Services | $8,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,071,258 | TotalAmt |
| Program Services | $44,071,258 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,392,612 | TotalAmt |
| Program Services | $431,032 | ProgramServicesAmt |
| Management And General | $686,953 | ManagementAndGeneralAmt |
| Fundraising | $274,627 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,703,194 | TotalAmt |
| Program Services | $20,779,027 | ProgramServicesAmt |
| Management And General | $2,700,071 | ManagementAndGeneralAmt |
| Fundraising | $1,224,096 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,871,255 | TotalAmt |
| Program Services | $1,520,912 | ProgramServicesAmt |
| Management And General | $242,874 | ManagementAndGeneralAmt |
| Fundraising | $107,469 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,791,503 | TotalAmt |
| Program Services | $4,612,271 | ProgramServicesAmt |
| Management And General | $960,800 | ManagementAndGeneralAmt |
| Fundraising | $218,432 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,822,125 | TotalAmt |
| Program Services | $1,466,886 | ProgramServicesAmt |
| Management And General | $239,700 | ManagementAndGeneralAmt |
| Fundraising | $115,539 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $664,048 | TotalAmt |
| Program Services | $124,945 | ProgramServicesAmt |
| Management And General | $539,103 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,223 | TotalAmt |
| Program Services | $130,025 | ProgramServicesAmt |
| Management And General | $274,672 | ManagementAndGeneralAmt |
| Fundraising | $43,526 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,600 | TotalAmt |
| Management And General | $75,600 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,561 | TotalAmt |
| Management And General | $98,561 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,576 | TotalAmt |
| Management And General | $320,576 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,512 | TotalAmt |
| Program Services | $16,866 | ProgramServicesAmt |
| Management And General | $310,419 | ManagementAndGeneralAmt |
| Fundraising | $38,227 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,158,841 | TotalAmt |
| Program Services | $789,864 | ProgramServicesAmt |
| Management And General | $83,601 | ManagementAndGeneralAmt |
| Fundraising | $285,376 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,018,705 | TotalAmt |
| Program Services | $820,883 | ProgramServicesAmt |
| Management And General | $102,627 | ManagementAndGeneralAmt |
| Fundraising | $95,195 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,660,298 | TotalAmt |
| Program Services | $3,964,566 | ProgramServicesAmt |
| Management And General | $695,732 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,059 | TotalAmt |
| Program Services | $131,270 | ProgramServicesAmt |
| Management And General | $14,634 | ManagementAndGeneralAmt |
| Fundraising | $8,155 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,728 | TotalAmt |
| Program Services | $61,572 | ProgramServicesAmt |
| Management And General | $281,154 | ManagementAndGeneralAmt |
| Fundraising | $11,002 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,598,550 | TotalAmt |
| Program Services | $1,268,520 | ProgramServicesAmt |
| Management And General | $330,030 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,126,359 | TotalAmt |
| Program Services | $6,152,711 | ProgramServicesAmt |
| Management And General | $973,648 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,022 | TotalAmt |
| Program Services | $255,219 | ProgramServicesAmt |
| Management And General | $327,475 | ManagementAndGeneralAmt |
| Fundraising | $16,328 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UBI TAX | $11,188 | $11,188 | ||
| STUDENT PROGRAMMING | $3,430,182 | $31,189 | $3,398,993 | |
| MERCHANDISE SOLD | $3,065 | $3,065 | ||
| EQUIP REPAIR AND MAINTENANCE | $890,450 | $1,810 | $888,640 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,908,240 | TotalAmt |
| Program Services | $1,577,470 | ProgramServicesAmt |
| Management And General | $307,041 | ManagementAndGeneralAmt |
| Fundraising | $23,729 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,545,154 | TotalAmt |
| Program Services | $92,470,930 | ProgramServicesAmt |
| Management And General | $9,609,458 | ManagementAndGeneralAmt |
| Fundraising | $2,464,766 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,733,408 | BOYAmt |
| EOY | $27,799,292 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,817,281 | BOYAmt |
| EOY | $5,874,833 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,446 | BOYAmt |
| EOY | $359,872 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,328,688 | BOYAmt |
| EOY | $2,393,649 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $344,647 | BOYAmt |
| EOY | $291,748 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $879,326 | BOYAmt |
| EOY | $824,677 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $194,625,532 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $81,563,636 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,368,311 | BOYAmt |
| EOY | $113,061,896 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,661,168 | BOYAmt |
| EOY | $31,875,973 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,746,261 | BOYAmt |
| EOY | $89,007,255 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,724,575 | BOYAmt |
| EOY | $377,962 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,991,111 | BOYAmt |
| EOY | $271,867,157 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,560,679 | BOYAmt |
| EOY | $4,972,531 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,118,320 | BOYAmt |
| EOY | $1,361,433 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,352,867 | BOYAmt |
| EOY | $41,649,481 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,233 | BOYAmt |
| EOY | $478,140 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,126 | BOYAmt |
| EOY | $66,074 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,163,254 | BOYAmt |
| EOY | $6,836,685 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,716,479 | BOYAmt |
| EOY | $55,364,344 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,523,229 | BOYAmt |
| EOY | $104,968,127 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,751,403 | BOYAmt |
| EOY | $111,534,686 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,274,632 | BOYAmt |
| EOY | $216,502,813 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,991,111 | BOYAmt |
| EOY | $271,867,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,832,712 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,986,544 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $408,925 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $98,561 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $98,561 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | COLLEGE OF SAINT BENEDICT 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. COLLEGE OF SAINT BENEDICT PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $123,557 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2021 INTO TWO GROUPS 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 BETWEEN LOBBYING AND NONLOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 79.76 PERCENT OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $98,561 OF COLLEGE OF SAINT BENEDICT'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM COLLEGE OF SAINT BENEDICT'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $86,715,330 | BeginningYearBalanceAmt |
| Contributions | $4,761,625 | ContributionsAmt |
| Investment Earnings Or Losses | $23,417,921 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,243,381 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,225,559 | OtherExpendituresAmt |
| Administrative Expenses | $329,457 | AdministrativeExpensesAmt |
| End Year Balance | $111,096,479 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $83,506,118 | BeginningYearBalanceAmt |
| Contributions | $2,854,684 | ContributionsAmt |
| Investment Earnings Or Losses | $3,759,766 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,910,623 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,258,162 | OtherExpendituresAmt |
| Administrative Expenses | $236,453 | AdministrativeExpensesAmt |
| End Year Balance | $86,715,330 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $78,104,907 | BeginningYearBalanceAmt |
| Contributions | $3,870,179 | ContributionsAmt |
| Investment Earnings Or Losses | $4,000,196 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,545,686 | GrantsOrScholarshipsAmt |
| Other Expenditures | $678,668 | OtherExpendituresAmt |
| Administrative Expenses | $244,810 | AdministrativeExpensesAmt |
| End Year Balance | $83,506,118 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $72,144,454 | BeginningYearBalanceAmt |
| Contributions | $3,647,951 | ContributionsAmt |
| Investment Earnings Or Losses | $4,818,196 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,793,948 | GrantsOrScholarshipsAmt |
| Other Expenditures | $550,025 | OtherExpendituresAmt |
| Administrative Expenses | $161,721 | AdministrativeExpensesAmt |
| End Year Balance | $78,104,907 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $60,290,451 | BeginningYearBalanceAmt |
| Contributions | $6,328,504 | ContributionsAmt |
| Investment Earnings Or Losses | $7,849,053 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,031,102 | GrantsOrScholarshipsAmt |
| Other Expenditures | $292,452 | OtherExpendituresAmt |
| End Year Balance | $72,144,454 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.09900 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.60200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.29900 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,034,602 | OtherCostOrOtherBasisAmt |
| Book Value | $1,034,602 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $145,168,207 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,862,119 | DepreciationAmt |
| Book Value | $91,306,088 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $35,990,763 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,042,574 | DepreciationAmt |
| Book Value | $12,948,189 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,431,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,658,943 | DepreciationAmt |
| Book Value | $7,773,017 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $113,061,896 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| GLOBAL EQUITY FUNDS | $57,802,781 | F |
| HEDGE FUND OF FUNDS | $6,532,372 | F |
| PRIVATE PARTNERSHIP | $6,353,023 | F |
| FOR OTHERS | $1,019,133 | F |
| FIXED INCOME FUNDS | $17,299,946 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $89,007,255 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $470,285 |
| GOV'T GRANTS REPAYABLE | $3,143,923 |
| STUDY ABROAD DEPOSITS | $842,185 |
| ASSET RETIREMENT OBLIGATION | $1,606,453 |
| OPERATING LEASE LIABILITY | $773,839 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,836,685 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $85,168,640 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,986,544 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,204,064 | OtherRevenueAmt |
| Revenue Not Reported | $14,190,608 | RevenueNotReportedAmt |
| Revenue Subtotal | $70,978,032 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $320,576 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $44,079,258 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $44,399,834 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $115,377,866 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,940,459 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $795,139 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $795,139 | ExpensesNotReportedAmt |
| Expenses Subtotal | $60,145,320 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $320,576 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $44,079,258 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $44,399,834 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $104,545,154 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE D, PART IV, LINE 2B | THE COLLEGE'S FUNDS HELD FOR OTHERS INCLUDE PART OF A DESIGNATED GIFT AND STUDENT GROUP FUNDS. |
| FORM 990, SCHEDULE D, PART V, LINE 4 | ENDOWMENT DRAW IS USED TO FUND STUDENT SCHOLARSHIPS AND ACADEMIC PROGRAMS. |
| FORM 990, SCHEDULE D, PART X, LINE 2 | ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. |
| FORM 990, SCHEDULE D, PART XI | RECONCILIATION OF REVENUE: LINE 2D: ADJUSTMENT OF ACTUARIAL LIABILITY $ 408,925 COST OF GOODS SOLD $ 795,139 TOTAL $ 1,204,064 LINE 4B: STUDENT FINANCIAL AID $44,079,258 |
| FORM 990, SCHEDULE D, PART XII | RECONCILIATION OF EXPENSES: LINE 2D: COST OF GOODS SOLD $ 795,139 LINE 4B: STUDENT FINANCIAL AID $44,079,258 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | COLLEGE OF SAINT BENEDICT INCLUDES RACIALLY NONDISCRIMINATORY POLICIES IN NEWSPAPER PUBLICATIONS FOR JOB SEARCHES AND PUBLICATIONS THAT GO OUT TO CURRENT, FORMER, AND POTENTIAL STUDENTS. IN ADDITION, THESE POLICIES ARE INCLUDED IN ALL PRINTED MATERIALS AS WELL AS ON THE ORGANIZATION'S WEBSITE. |
| SCHEDULE E, PART I, LINE 6A | COLLEGE OF SAINT BENEDICT RECEIVES FINANCIAL AID FOR STUDENTS FROM FEDERAL AND STATE SOURCES. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| Central America and the Caribbean | Program Services | STUDENT PROGRAMS | $8,426 |
| Europe (Including Iceland and Greenland) | Program Services | STUDENT PROGRAMS | $14,213 |
| South America | Program Services | STUDENT PROGRAMS | $3,583 |
| Central America and the Caribbean | Investments | $17,676,797 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $17,703,019 | SubtotalSpentAmt |
| Total Spent | $17,703,019 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part IV, Line 3 | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE HELD AN OWNERSHIP INTEREST IN A FOREIGN CORPORATION DURING THE TAX YEAR. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT OF THE OWNERSHIP. THE COLLEGE ALSO HELD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT OF THE OWNERSHIP. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Greater St Cloud Development Corporation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1010 W St Germain St Ste 250 | AddressLine1Txt |
| City | St Cloud | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 452050341 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $8,000 | CashGrantAmt |
| Purpose Of Grant | Community Development | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION AND FEE SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1670 | RecipientCnt |
| Cash Grant | $44,071,258 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | DOCUMENTATION IS MAINTAINED WHICH SUBSTANTIATES ELIGIBILITY AND THE AMOUNT OF ASSISTANCE GIVEN TO STUDENTS. NEED BASED ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED USING VARIOUS FACTORS TO ASSESS ACADEMIC PERFORMANCE OF THE STUDENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARY HINTON | ||||||||||||
| FORMER PRESIDENT | $558,063 | $0 | $0 | $0 | $138,740 | $0 | $19,828 | $0 | $29,949 | $0 | $746,580 | $0 |
| LAURIE HAMEN | ||||||||||||
| INTERIM PRESIDENT | $159,772 | $0 | $0 | $0 | $3,121 | $0 | $1,625 | $0 | $24,779 | $0 | $189,297 | $0 |
| SUSAN PALMER | ||||||||||||
| VP FINANCE AND ADMINISTRATION | $258,754 | $0 | $0 | $0 | $481 | $0 | $23,300 | $0 | $315 | $0 | $282,850 | $0 |
| CASEY GORDON | ||||||||||||
| DIRECTOR OF IT SERVICES | $139,739 | $0 | $0 | $0 | $85 | $0 | $13,009 | $0 | $30,839 | $0 | $183,672 | $0 |
| HEATHER PIEPER-OLSON | ||||||||||||
| ASSOC VP INSTITUTIONAL ADVANCE | $127,409 | $0 | $0 | $0 | $189 | $0 | $12,282 | $0 | $20,332 | $0 | $160,212 | $0 |
| RYAN GIDEON | ||||||||||||
| EXECUTIVE DIR. OF FACILITIES | $132,681 | $0 | $0 | $0 | $370 | $0 | $3,663 | $0 | $74,854 | $0 | $211,568 | $0 |
| ANNE OBERMAN | ||||||||||||
| CONTROLLER | $124,635 | $0 | $0 | $0 | $471 | $0 | $11,622 | $0 | $26,868 | $0 | $163,596 | $0 |
| KATHLEEN HANSEN | ||||||||||||
| VP INSTITUTIONAL ADVANCEMENT | $199,178 | $0 | $0 | $0 | $3,765 | $0 | $18,206 | $0 | $22,205 | $0 | $243,354 | $0 |
| NATHAN DEHNE | ||||||||||||
| VP ENROLLMENT | $180,262 | $0 | $0 | $0 | $321 | $0 | $5,605 | $0 | $70,782 | $0 | $256,970 | $0 |
| MARY GELLER | ||||||||||||
| VP STUDENT ACTIVITIES | $148,130 | $0 | $0 | $0 | $468 | $0 | $13,871 | $0 | $47,317 | $0 | $209,786 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PART I, LINE 1A | HOUSING ALLOWANCE: THE COLLEGE PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR THE PRESIDENT. THE RESIDENCE IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HER EMPLOYMENT, AND HER RESIDENCE IS CONTIGUOUS TO THE COLLEGE'S CAMPUS. OCCASIONAL HOUSING IS SUPPLIED TO THE VP INSTITUTIONAL ADVANCEMENT AND THE VP ADMISSIONS AND FINANCIAL AID. THESE BENEFITS WERE INCLUDED IN TAXABLE COMPENSATION. |
| SCHEDULE J, PART I, LINE 4A | SEVERENCE PAYMENTS: MARY HINTON RECEIVED A NON-COMPETITION PAYMENT IN EXCHANGE FOR HER AGREEMENT NOT TO ENTER INTO COMPETITION WITH THE COLLEGE. THIS BENEFIT WAS INCLUDED IN TAXABLE COMPENSATION. |
| SCHEDULE J, PART II, COLUMN D | NONTAXABLE BENEFITS: COLUMN D INCLUDES TUITION REMISSION BENEFITS FOR ONE OR MORE FAMILY MEMBERS OF NATHAN DEHNE, MARY GELLER, AND RYAN GIDEON. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| 7T MN HIGHER EDUCATION FACILITIES AUTHORITY | ||||||||
| A | 410988525 | 60416HZX5 | 2013-01-23 | $5,235,000 | REFINANCE 5W BONDS, ORIGINALLY FOR | false | false | false |
| 8K MN HIGHER EDUCATION FACILITIES AUTHORITY | ||||||||
| B | 410988525 | 60416HX90 | 2016-04-21 | $36,875,279 | FINANCE RENOVATION PROJECTS AND AT | false | false | false |
| 17A MN HIGHER EDUCATION FACILITIES BOARD | ||||||||
| C | 410988525 | 60416JAR1 | 2017-12-29 | $8,605,000 | REFINANCE 6V AND ADVANCE REFUNDING | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,360,000 | $0 | $5,235,000 | $0 | $0 | $0 | $91,951 | $0 | $0 | $0 | $5,235,000 | $0 | 2013 | false | false | Yes (true) | Yes (true) |
| B | $2,475,000 | $0 | $36,875,279 | $2,356,247 | $529,940 | $0 | $304,929 | $0 | $0 | $33,684,163 | $0 | $0 | 2019 | false | false | false | Yes (true) |
| C | $870,000 | $0 | $9,044,135 | $0 | $0 | $8,874,859 | $167,615 | $0 | $0 | $0 | $1,661 | $0 | 2018 | Yes (true) | Yes (true) | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0 | false | false | false | Yes (true) | ||
| B | false | false | false | false | 0 | false | false | false | Yes (true) | 0.01000 | 0.01000 |
| C | false | false | false | false | 0 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||
| A | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| B | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| C | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, BOND ISSUES: | (A) ISSUER NAME: 2013 MN HIGHER EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: REFINANCE 5W BONDS, ORIGINALLY FOR VAR. STUDENT HOUSING REMODELING PROJECTS (A) ISSUER NAME: 2016 MN HIGHER EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: FINANCE RENOVATION PROJECTS AND ATHLETIC FIELDS |
| SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: | (A) ISSUER NAME: 2013 MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2017 |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $294,400 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG HIGH AND LOW | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE M, PART I, COLUMN (B) | NUMBER OF CONTRIBUTORS: THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). |
| SCHEDULE M, PART I, LINE 9 | SECURITIES - PUBLICLY TRADED: NONCASH CONTRIBUTIONS ON SCHEDULE M ARE REPORTED IN THE YEAR RECEIVED. PUBLICLY TRADED SECURITIES IN THE AMOUNT OF $185,346 RECEIVED WERE PLEDGE PAYMENTS THAT WERE RECORDED AS REVENUE ON PART VIII OF THE FORM 990 IN A PREVIOUS YEAR. |
| SCHEDULE M, PART I, LINE 32B | USE OF THIRD PARTIES: REAL ESTATE BROKERS, APPRAISERS, AND ATTORNEYS ARE CONSULTED WHEN GIFTS OF PROPERTY ARE RECEIVED. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | DESCRIPTION OF THE ORGANIZATION MISSION: THE MISSION OF THE COLLEGE OF SAINT BENEDICT IS TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME. |
| FORM 990, PART VI, SECTION A, LINE 6 | BOARD OF TRUSTEES: THE MEMBERS OF THE CORPORATION SHALL CONSIST OF THE OFFICERS OF THE SISTERS OF THE ORDER OF SAINT BENEDICT AND ARE REFERRED TO AS THE CORPORATE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS WITH THE POWER TO ELECT OR APPOINT OTHER MEMBERS: AS STATED IN THE ARTICLES OF INCORPORATION, THE CORPORATE MEMBERS RETAIN THE FOLLOWING RESERVED POWERS 1) APPOINT THOSE PERSONS WHO SERVE AS VOTING MEMBERS OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 7B | GOVERNANCE DECISIONS RESERVED TO MEMBERS OTHER THAN THE GOVERNING BODY: AS STATED IN THE ARTICLES OF INCORPORATION, THE CORPORATE MEMBERS RETAIN THE FOLLOWING RESERVED POWERS 1) APPOINT THOSE PERSONS WHO SERVE AS VOTING MEMBERS OF THE BOARD OF TRUSTEES 2) APPROVE ANY MERGER, ACQUISITION, OR DISSOLUTION OF THE CORPORATION 3)APPROVE THE SALE OR ENCUMBRANCE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION 4) AMEND THE ARTICLES OF INCORPORATION OR 5) MAKE AND AMEND THE BYLAWS OF THE CORPORATION. THE CORPORATE MEMBERS ARE THE SISTERS OF THE ORDER OF SAINT BENEDICT. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS TO REVIEW FORM 990: THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE CHAIR REVIEWED THE FULL DISCLOSURE COPY OF THE FORM 990. THE SUBCOMMITTEE OF THE BOARD OF TRUSTEES KNOWN AS THE AUDIT COMMITTEE REVIEWED THE PUBLIC DISCLOSURE COPY OF FORM 990 DURING THE SPRING MEETING PRIOR TO FILING THE FORM AND THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS MADE AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | MONITORING & ENFORCMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES, EXECUTIVE OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DESIGNATED POWERS. EACH COVERED PERSON IS REQUIRED TO ANNUALLY SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED, READ AND UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST FULLY DISCLOSE THE EXISTENCE AND NATURE OF HIS ORHER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD CHAIR. AFTER FULL DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON AND THE INTERESTED PERSON WISHES TO PROCEED WITH THE DISCLOSED MATTER, THE BOARD CHAIR WILL REFER TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR ITS DETERMINATION TO WHETHER OR NOT A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR EXECUTIVE COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE INTERESTED TRUSTEE IS NOT COUNTED FOR DETERMINING THE PRESENCE OF A QUORUM. THE MINUTES OF THE BOARD AND THE EXECUTIVE COMMITTEE DOCUMENT ALL PROCEEDINGS RESULTING FROM POTENTIAL OR ACTUAL CONFLICTS OF INTEREST INCLUDING THE NAMES OF THE PERSONS WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST EXISTED. THE MINUTES ALSO REPORT THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. |
| FORM 990, PART VI, SECTION B, LINES 15A & 15B | PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: IN ACCORDANCE WITH THE EMPLOYEE HANDBOOK, THE COMPENSATION PLAN IS DESIGNED TO ENSURE POSITIONS ARE COMPETITIVELY VALUED RELATIVE TO COMPARABLE JOBS IN THE MARKET. THE HUMAN RESOURCES DEPARTMENT DOES A COMPARISON OF JOB DESCRIPTIONS TO POSITION DESCRIPTIONS IN THE MARKETPLACE ANNUALLY. THE COMPARISON FOR ADMINISTRATIVE AND SUPPORT STAFF POSITIONS ARE APPROVED BY THE PRESIDENT OR BOARD OF TRUSTEES AND A SALARY RANGE IS CREATED BASED ON THIS COMPARISON. FACULTY SALARIES ARE COMPARED TO A MARKET BASKET OF SIMILAR INSTITUTIONS. SALARIES FOR THE PRESIDENT, THE PROVOST, AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE REVIEWED AND DETERMINED BY THE BOARD OF TRUSTEES. THE POSITIONS ARE COMPARED TO SIMILAR INSTITUTIONS OF HIGHER EDUCATION WITH RESPECT TO ENROLLMENT, BUDGET, AND CARNEGIE CLASSIFICATION FOUND IN THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION SALARY SURVEY. THE EXECUTIVE COMPENSATION COMMITTEE, A SUB COMMITTEE OF THE BOARD OF TRUSTEES, CONDUCTED THE MOST RECENT REVIEW IN JUNE OF 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC, BUT WOULD BE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. |
| FORM 990, PART XI, LINE 9 | CHANGES IN NET ASSETS: ADJUSTMENT OF ACTUARIAL LIABILITY $408,925 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SISTERS OF THE ORDER OF SAINT BENEDICT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 104 CHAPEL LANE | AddressLine1Txt |
| City | ST JOSEPH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56374 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410695523 | EIN |
| Primary Activities | MONASTERY | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 1 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Life Estate (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Life Estate | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Entity Type | Trust | EntityTypeTxt |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |