2022-11-10T13:42:17-06:00 2022-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC 1821 SOUTH AVE WEST FL 5 MISSOULA MT 59801 990 2021-07-01 810231774 CARROLL COLLEGE CARR 4064475430 1601 N BENTON AVE HELENA MT 596250002 LORI PETERSON VICE PRESIDENT FINANCE 4064475430 2022-11-08 1 LORI PETERSON 999009999 JILL GALLE CPA P01330243 4067217800 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LORI PETERSON 1601 N BENTON AVE HELENA MT 596250002 74929643 0 X WWW.CARROLL.EDU X 1909 MT CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY. 21 21 958 175 6233 0 11467264 10447051 48268662 51637571 3407651 2106095 455232 833331 63598809 65024048 24996014 26330504 0 0 18740273 19375751 0 0 1174255 14318479 16354373 58054766 62060628 5544043 2963420 143834789 136506006 21293491 18453433 122541298 118052573 X CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL.AS A LIBERAL ARTS SCHOOL, CARROLL COLLEGE ACKNOWLEDGES THE PRACTICAL ROLE OF PREPARING ITS STUDENTS FOR A CAREER, BUT IT ALSO AFFIRMS THE TRADITIONAL ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. IT IS DEDICATED TO PROVIDING FOR ITS STUDENTS THE MEANS FOR THEIR FULL REALIZATION OF A DUAL GOAL OF VOCATION AND ENLIGHTENMENT. THUS, WHILE PROVIDING SUBSTANTIAL PROFESSIONAL AND PRE-PROFESSIONAL PROGRAMS, THE COLLEGE ENCOURAGES AND EXPECTS ALL STUDENTS TO PARTICIPATE IN A BROAD SPECTRUM OF ACADEMIC DISCIPLINES. 0 0 10233477 42001644 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 2606437 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 35258146 26330504 8270690 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 2898700 1437662 OTHER PROGRAMS 2898700 1437662 50996760 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 176 0 1 958 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X THE ORGANIZATION 4064474300 1601 NORTH BENTON HELENA MT 59625 BISHOP AUSTIN VETTER CHANCELLOR 2.00 X X 0 0 0 MSGR KEVIN O'NEILL CHAIR 2.00 X X 0 0 0 SARAH WALSH VICE CHAIR 2.00 X X 0 0 0 MICHAEL DALTON SECRETARY 2.00 X X 0 0 0 DR AARON ALME TRUSTEE 2.00 X 0 0 0 FRAN ALBRECHT TRUSTEE 2.00 X 0 0 0 DR RUSS BELL TRUSTEE 2.00 X 0 0 0 THE REV PATRICK BERETTA TRUSTEE 2.00 X 0 0 0 GARY BRAYKO TRUSTEE 2.00 X 0 0 0 LISA BULLOCK TRUSTEE 2.00 X 0 0 0 PATRICIA CHVATAL TRUSTEE 2.00 X 0 0 0 THOMAS DOWNEY TRUSTEE 2.00 X 0 0 0 NICOLE DRUMHELLER TRUSTEE 2.00 X 0 0 0 KAREN FAGG TRUSTEE 2.00 X 0 0 0 DR ANDREW GILBERT TRUSTEE 2.00 X 0 0 0 FR CRAIG HANLEY TRUSTEE 2.00 X 0 0 0 MARY MCHUGH TRUSTEE 2.00 X 0 0 0 DR JOHN MICHELOTTI TRUSTEE 2.00 X 0 0 0 ERIC PHILLIPS TRUSTEE 2.00 X 0 0 0 THERESA RACICOT TRUSTEE 2.00 X 0 0 0 DR JOYCE STEWART TRUSTEE 2.00 X 0 0 0 JOHN CECH PRESIDENT/EX-OFFICIO 40.00 X 245211 0 25878 LORI PETERSON V.P. FINANCE & ADMINISTRATION 40.00 X 180511 0 20494 MICHAEL MCMAHON V.P. OF STUDENT ENGAGEMENT 40.00 X 145970 0 23428 JAMES PETROVICH DIRECTOR MASTERS OF SOCIAL WORK 40.00 X 131425 0 12431 CHARLES GROSS DIRECTOR, ATHLETICS 40.00 X 121573 0 23080 BELLE MARIE PROFESSOR 40.00 X 109933 0 10634 ERIK PRATT PROFESSOR 40.00 X 130218 0 4112 1064841 0 120057 11 0 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2237946 ACE ROOFING LLC 10 SHAWNEE WAY BOZEMAN MT 59715 CONSTRUCTION 282380 CAPTURE LLC 5012 W CYPRESS ST TAMPA FL 33607 CONSULTING 250000 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 SOFTWARE 186985 STM CHARTERS INC 1203 W RIDGEWAY AVE WATERLOO IA 50701 CHARTERS 105621 11 284787 4413227 5749037 565481 10447051 TUITION AND FEES 611600 42001644 42001644 AUXILIARY ENTERPRISES 611600 7229630 7229630 OTHER SOURCES 611600 1437662 1437662 ATHLETICS 611600 968635 968635 51637571 989107 989107 1274027 520042 753985 753985 6233 747752 10073235 20007 8531845 444409 1541390 -424402 1116988 1116988 56055 284787 63478 -7423 -7423 17870 3526 14344 14344 414720 342295 72425 72425 65024048 51709996 6233 2860768 26330504 26330504 991740 339315 509868 142557 13978096 11026135 2344427 607534 522066 397034 99012 26020 2616268 1044463 1512322 59483 1267581 969119 237644 60818 103844 103844 3203314 1536181 1605368 61765 1628433 904597 573565 150271 656726 32632 624094 1526219 1375848 125649 24722 3336047 2671909 664138 479136 453164 25972 3731770 2473929 1252204 5637 SUPPLIES 1621122 1390848 211506 18768 PERIODICALS 51082 51082 OTHER 16680 16680 62060628 50996760 9889613 1174255 11389293 15147169 1455014 395403 3277195 893048 207716 183630 527954 696393 119745804 62453029 59737547 57292775 62265728 57206587 3990552 3184216 983790 1506785 143834789 136506006 2305550 2022736 2826497 1548941 13727886 12733509 2433558 2148247 21293491 18453433 X 57647929 57805514 64893369 60247059 122541298 118052573 143834789 136506006 X 2963420 -8279877 827732 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 71365701 1387947 -5728886 2049330 64975432 54343547 2503628 16431125 1912599 71365701 56561840 283127 -548125 1953295 54343547 55425747 847077 2383936 2094920 56561840 52706321 960685 3260216 1501475 55425747 0.19660 0.20840 0.59500 0 0 872868 872868 101606635 47718581 53888054 15538574 13116974 2421600 1727727 1617474 110253 57292775 ANNUITIES PAYABLE 1015338 OTHER LIABILITIES 3808 FAIR VALUE OF SWAP CONTRACT 848980 STUDENT DEPOSITS 80465 REFUNDABLE ADVANCE 199656 2148247 X 34477529 -8279877 18548 1757073 -6504256 40981785 103844 23938419 24042263 65024048 38966254 18548 929341 947889 38018365 103844 23938419 24042263 62060628 PART III, LINE 4: VARIOUS ART PIECES ARE DISPLAYED ON CAMPUS. PART V, LINE 4: THE ENDOWMENT WILL BE USED TO FUND SCHOLARSHIPS AND GENERAL OPERATIONS OF THE COLLEGE AND SUPPORTS EDUCATION. PART X, LINE 2: CARROLL COLLEGE IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXS UNDER INTERNAL REVENUE CODE 501(C)(3). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 342,295. RENTAL EXPENSES NETTED ON RETURN 520,042. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 67,004. CHANGE IN FAIR VALUE OF SWAP CONTRACT 879,531. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -51,799. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,938,419. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 342,295. RENTAL EXPENSES NETTED ON RETURN 520,042. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 67,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,938,419. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CARROLL COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AGE, SEX, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. CARROLL COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, AGE, SEX, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PAYMENTS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: PERKINS LOAN PROGRAM COLLEGE WORK-STUDY PROGRAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM PELL GRANT PROGRAM MONTANA GUARANTEED STATE LOAN PROGRAM PANAGORA DIVERSIFIED RISK MULTI-ASSET FUND, LTD 0 0 INVESTMENT 2015151 0 0 0 0 0 0 2015151 0 2015151 0 0 0 1 0 0 PART III ACCOUNTING METHOD: DINNER AND AUCTION 305422 272837 32585 15542 34882 GOLF TOURNAMENT 35420 11950 23470 13054 340842 284787 56055 15542 47936 63478 -7423 17870 3526 0 17870 3526 3526 14344 0 0 0 0 0 0 1 VARIOUS FINANCIAL AID PROGRAMS 1537 21613222 ENDOWED SCHOLARSHIPS 316 1623638 CASH GRANTS 247 1907238 FEDERAL SEOG 179 131663 FEDERAL PELL 223 1054743 PART I, LINE 2: CARROLL COLLEGE AND FEDERAL NEED-BASED GRANTS AND SCHOLARSHIPS ARE AWARDED BASED ON THE RESULTS OF THE FEDERAL FAFSA AND NEEDS ANALYSIS. NEW STUDENT MERIT SCHOLARSHIPS ARE BASED ON HIGH SCHOOL GPA AND TEST SCORES OR TRANSFER GPA FOR TRANSFER STUDENTS. STATE GRANT REPORTING IS COMPLETED EACH YEAR AFTER THE ACADEMIC YEAR IS COMPLETED. FEDERAL FISAP REPORTING IS COMPLETED PRIOR TO OCTOBER OF EACH YEAR FOLLOWING THE COMPLETION OF THE ACADEMIC YEAR. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN CECH PRESIDENT/EX-OFFICIO 245211 0 0 0 0 0 6286 0 19592 0 271089 0 0 0 LORI PETERSON V.P. FINANCE & ADMINISTRATION 180511 0 0 0 0 0 9341 0 11153 0 201005 0 0 0 MICHAEL MCMAHON V.P. OF STUDENT ENGAGEMENT 145970 0 0 0 0 0 7500 0 15928 0 169398 0 0 0 A LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2008-07-18 2800000 HIGHER EDUCATION REVENUE NOTE SERIES 2008 0 0 0 B LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2013-06-20 4250000 HIGHER EDUCATION REVENUE BOND SERIES 2013A-CAMPUS APARTMENTS 0 0 0 C LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2013-07-25 12315000 HIGHER EDUCATION REVENUE REFUNDING BOND SERIES 2013B-TRINITY HALL 0 0 0 A 2800000 25400 2774600 2008 0 0 1 1 B 4250000 85000 4165000 2013 0 0 1 1 C 12315000 12315000 2003 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 35 432689 MARKET VALUE-GIFT DATE X DONATED AUCTION ITEMS 290 103130 MARKET VALUE-GIFT DA X AUTO LEASE 3 26392 MARKET VALUE-GIFT DA X JUGS SPORTS FOOTBALL PASSING MACHINE 1 3270 MARKET VALUE-GIFT DA 0 1 1 PART I, LINE 32B: THE COLLEGE USES APPROPRIATELY CERTIFIED PROFESSIONALS TO SELL NON-CASH GIFTS (SUCH AS SHARES OF STOCK OR REAL ESTATE) ON BEHALF OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 3 FOOD SERVICES ON CAMPUS ARE PROVIDED THROUGH SODEXO AMERICA, LLC. THE TERMS OF THE CONTRACT ARE NEGOTIATED AT ARM'S LENGTH TO DETERMINE THAT THE COLLEGE WILL PAY NO MORE THAN THE FAIR MARKET VALUE OF THE SERVICES PROVIDED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 TAX RETURN IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS, AND IS REVIEWED BY THE VP OF FINANCE AND ADMINISTRATION AND THE COLLEGE PRESIDENT BEFORE BEING SIGNED AND ISSUED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY, AND TO INDICATE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF A TOPIC. ANY DISCLOSURE IS NOTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE BOARD OF TRUSTEES, USING A PEER GROUP SALARY COMPARISON OF ROUGHLY 77 SIMILAR INSTITUTIONS. THE COLLEGE PRESIDENT'S CONTRACT IS REVIEWED BY THE FULL BOARD OF TRUSTEES. COMPENSATION OF ALL OTHER STAFF AND FACULTY IS DETERMINED BY COLLEGE POLICY AND FINANCIAL RESOURCES, INCLUDING A COMPARISON TO A PEER GROUP OF ROUGHLY 77 SIMILAR INSTITUTIONS. SALARY INCREASES ARE APPROVED BY THE BOARD AS PART OF APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUST -51,799. CHANGE IN FAIR VALUE OF SWAP CONTRACT 879,531. 990 PART XII, LINE 2C-OVERSIGHT OF AUDIT CARROLL HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.