2021-02-25T17:02:32-06:00 2020-05-31 390859910 BAKER TILLY US LLP 225 SOUTH SIXTH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2019-06-01 410695527 ST MARYS UNIVERSITY OF MINNESOTA STMA 5074571445 700 TERRACE HEIGHTS WINONA MN 559871399 BENJAMIN MURRAY EXECUTIVE VP AND CFO 5074571445 2021-02-05 1 LAWRENCE H MOHR CPA P00447603 6128764500 2021-02-05 2019 2022-09-23 18:48:47Z FATHER JAMES BURNS 700 TERRACE HEIGHTS WINONA MN 559871399 115031955 0 X WWW.SMUMN.EDU X 1912 MN SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC INSTITUTION OFFERING COMPREHENSIVE UNDERGRADUATE AND GRADUATE PROGRAMS. OVER 1,000 STUDENTS ARE ENROLLED IN THE RESIDENTIAL UNDERGRADUATE COLLEGE AT THE WINONA CAMPUS, ESTABLISHED IN 1912. OVER THE COURSE OF A YEAR, MORE THAN 6,000 STUDENTS ARE ENROLLED IN THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP), WHICH OFFERS CERTIFICATES, BACHELOR AND SPECIALIST PROGRAMS, MASTERS DEGREES AND DOCTORAL PROGRAMS. THE UNIVERSITY DELIVERS EDUCATION TO ITS ADULT LEARNERS THROUGH CAMPUSES IN MINNEAPOLIS; WINONA, NAIROBI, KENYA; AND ROCHESTER; AND AT NUMEROUS OTHER LOCATIONS IN MINNESOTA, WISCONSIN AND JAMAICA INCLUDING ONLINE. SAINT MARY'S IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. 29 28 2104 150 -26663 -26663 8192060 15894444 83123356 85818452 3003879 928458 767928 549909 95087223 103191263 20447771 23035062 0 0 47389460 46485139 40628 0 1680006 30331677 28781154 98209536 98301355 -3122313 4889908 178717016 182925802 31925173 31246155 146791843 151679647 X ENRICHED BY THE LASALLIAN CATHOLIC HERITAGE, SAINT MARY'S UNIVERSITY OF MINNESOTA AWAKENS, NURTURES, AND EMPOWERS LEARNERS TO ETHICAL LIVES OF SERVICE AND LEADERSHIP. 0 0 66265145 23035062 78935171 INSTRUCTION AND ACADEMIC SUPPORT:SAINT MARY'S UNIVERSITY OF MINNESOTA HAS TWO PRIMARY ACADEMIC UNITS: THE COLLEGE AND THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP). THE COLLEGE CONSISTS OF THE TRADITIONAL UNDERGRADUATE BACHELOR OF ARTS EXPERIENCE BASED ON THE WINONA CAMPUS. THE SGPP INCLUDES CONTINUING EDUCATION OFFERINGS, CERTIFICATE PROGRAMS, BACHELOR OF SCIENCE COMPLETION PROGRAMS, MASTER'S PROGRAMS, AN EDUCATION SPECIAL PROGRAM AND THREE DOCTORAL PROGRAMS. THE SGPP IS BASED ON BOTH THE TWIN CITIES AND WINONA CAMPUSES, WITH A CENTER IN ROCHESTER. ACROSS THE 12-MONTH 2019-2020 ACADEMIC YEAR THE COLLEGE ENROLLED 1,111 STUDENTS AND OFFERED 32,314 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 5,855 STUDENTS ACROSS THE 2019-2020 ACADEMIC YEAR AND OFFERED 65,297 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT SGPP IN 2020-2021, SERVING APPROXIMATELY 5,800 STUDENTS AND DELIVERING APPROXIMATELY 65,000 CREDIT HOURS. THE UNIVERSITY OFFERS 46 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 58 PROGRAMS WITHIN THE SGPP. 14148506 815160 STUDENT SERVICES:IN 2019-2020, 358 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 30% OF THAT POPULATION) PARTICIPATED IN 17 NCAA DIVISION III SPORTS OFFERED AT SAINT MARY'S UNIVERSITY. PARTICIPATION IN INTRAMURAL ACTIVITIES ANNUALLY IS MORE THAN 40%. THE FINANCIAL AID OFFICE PROCESSED $68,884,699 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2019-2020. 12% OF TRADITIONAL UNDERGRADUATE STUDENTS WERE FORMALLY REGISTERED AS STUDENTS WITH DISABILITIES WITH THE INSTITUTION'S OFFICE OF DISABILITY SERVICES, THE MAJORITY OF WHICH UTILIZED SERVICES OFFERED BY THE UNIVERSITY. 128 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2019-2020. THIRTY STUDENTS PARTICIPATED IN THE FIRST GENERATION INITIATIVE PROGRAM, WHICH OFFERS SELECTED STUDENTS SCHOLARSHIPS TO ATTEND THE UNIVERSITY. THE STUDENTS ENGAGE IN SPECIAL SUPPORT ACTIVITIES WHICH INCLUDE STUDY HALLS, SPECIALIZED ADVISING AND SOCIAL ACTIVITIES WHICH PROMOTE RETENTION AND STUDENT SUCCESS. 5238954 6494156 AUXILIARY SERVICES:SAINT MARYS' UNIVERSITY OF MINNESOTA OFFERS ITS WINONA UNDERGRADUATE STUDENTS HOUSING, FOOD, AND OTHER SERVICES. LIVING ON CAMPUS MEANS BEING PART OF A CLOSE-KNIT COMMUNITY, AND CREATING FRIENDSHIPS AND CONNECTIONS THAT LAST A LIFETIME. TWELVE RESIDENCE HALLS ARE LOCATED ON OUR BEAUTIFUL WINONA CAMPUS, SURROUNDED BY 390 ACRES OF WOODED BLUFFS AND TRAILS. THESE HALLS OFFER STUDENTS A VARIETY OF TRADITIONAL, SUITE, AND APARTMENT-STYLE OPTIONS. SAINT MARYS' UNIVERSITY OF MINNESOTA OFFERS THREE CONVENIENT ON-CAMPUS DINING OPTIONS, EACH PROVIDING HEALTHY, HIGH QUALITY FOOD, BEVERAGES, AND SNACKS. THREE FACILITIES SERVE STUDENTS INCLUDING THE TONER STUDENT CENTER DINING HALL, CARDINAL CAFE, AND CARDINAL COFFEE. SEVERAL MEAL PLANS ARE TAILORED TO MEET EACH STUDENT'S NEEDS AND SCHEDULES. THE DINING SERVICES ARE ENVIRONMENTALLY CONSCIOUS AND HAVE TAKEN MANY STEPS TO REDUCE WASTE. STUDENTS CAN ALSO UTILIZE A NEW MARKET, WHICH CONTAINS A VARIETY OF CONVENIENT SNACKS AND BEVERAGES. 85652605 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 179 0 2104 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 1 0 1 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 AK CO DC IL MA MD MI MN ND NH NY OH SC WA X BENJAMIN MURRAY 5074571445 700 TERRACE HEIGHTS 8 WINONA MN 55987 BURNS FATHER JAMES PRESIDENT 40.00 X X 328412 0 39604 REINHART TODD DEAN, SCHOOL OF SCIENCES & HEALTH PROFESSIONS 40.00 X 165624 0 42420 KINTZI AUDREY VP, ADVANCEMENT & COMMUNICATIONS 40.00 X 176265 0 21981 MURRAY BENJAMIN SENIOR VP FOR FINANCE & OPERATIONS 40.00 X 170510 0 11662 HOPKINS REBECCA DEAN OF EDUCATION - OUTGOING 40.00 X 150869 0 25271 GORDON LEAH PROGRAM DIRECTOR - NURSE ANESTHESIA 40.00 X 154806 0 20090 CARROLL-GLOVER ANDREA VICE PROVOST FOR ONLINE STRATEGY & PROGRAMS 40.00 X 130669 0 33604 GOSSEN TIMOTHY VICE PRESIDENT FOR STUDENT AFFAIRS AND STUDENT LIF 40.00 X 121212 0 16355 FERGUSON SARAH VICE PROVOST FOR FACULTIES AND ACADEMIC AFFAIRS 40.00 X 118477 0 10995 MERCHLEWITZ ANN GENERAL COUNSEL & UNIVERSITY SECRETARY 40.00 X 94614 0 23678 REMICK MARY ANN CHAIR 1.00 X X 0 0 0 RUSSELL TERRY VICE CHAIR 1.00 X X 0 0 0 SIMON SANDI SECRETARY 1.00 X X 0 0 0 STEVENS GREGORY TREASURER 1.00 X X 0 0 0 BARYL JENNIFER TRUSTEE 1.00 X 0 0 0 BIMONTE BRO ROBERT TRUSTEE 1.00 X 0 0 0 BURRICHTER MARY TRUSTEE 1.00 X 0 0 0 CURRAN BRO JACK TRUSTEE 1.00 X 0 0 0 DOMANICO JOHN TRUSTEE 1.00 X 0 0 0 FEHRENBACH BRO MICHAEL TRUSTEE 1.00 X 0 0 0 FESTEKJIAN RAFFI TRUSTEE 1.00 X 0 0 0 FROST MARILYN TRUSTEE 1.00 X 0 0 0 HAYDOCK ROGER TRUSTEE 1.00 X 0 0 0 HORAN JAMES TRUSTEE 1.00 X 0 0 0 JACOBS MARK TRUSTEE 1.00 X 0 0 0 JOHNSON AMY TRUSTEE 1.00 X 0 0 0 JOHNSON BRO THOMAS TRUSTEE 1.00 X 0 0 0 LAAK MICHAEL TRUSTEE 1.00 X 0 0 0 MCGINNISS BRO MICHAEL TRUSTEE 1.00 X 0 0 0 O'HERN BRO MICHAEL TRUSTEE 1.00 X 0 0 0 O'LEARY KAYE TRUSTEE 1.00 X 0 0 0 POOS BRO DAVID TRUSTEE 1.00 X 0 0 0 SMARRELLI JOHN TRUSTEE 1.00 X 0 0 0 STEGER ANGELA TRUSTEE 1.00 X 0 0 0 TRAUSCHT ANN TRUSTEE 1.00 X 0 0 0 VAN FOSSEN MARCY TRUSTEE 1.00 X 0 0 0 WADE JOHN TRUSTEE 1.00 X 0 0 0 WLAZIK MARY PAT TRUSTEE 1.00 X 0 0 0 1611458 0 245660 17 0 1 0 WILEY 1415 WEST 22ND ST SUITE 400 OAK BROOK IL 60523 ONLINE LEARNING 6115417 SCHWAB LLC 74 KANSAS ST WINONA MN 55987 CONSTRUCTION CONTRACTOR 4414972 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2410549 EAB PO BOX 603519 CHARLOTTE NC 28260 EDUCATION CONSULTANT 438101 DLR GROUP 520 NICOLLET MALL SUITE 200 MINNEAPOLIS MN 55402 BUILDING CONSULTANT 290394 27 3552052 12342392 660981 15894444 TUITION AND FEES 541900 78357901 78357901 AUXILIARY ENTERPRISES 611710 6494156 6494156 PRIVATE SPONSORED RESEARCH & PROG 541700 577270 577270 PERFORMANCE SEASON INCOME 711190 196010 196010 PROGRAM FOR ADVANCED COLLEGE CRED 611110 193115 193115 85818452 1381566 -26663 1408229 314174 190300 123874 123874 123874 11197284 10779940 870452 417344 -870452 -453108 -453108 MISCELLANEOUS 611519 426035 426035 426035 103191263 86244487 -26663 1078995 23035062 23035062 1032990 96537 592021 344432 37201029 31783446 4700925 716658 1736953 1506108 197867 32978 3913648 3287465 508774 117409 2600519 2152325 377781 70413 5819 5819 55686 55686 286364 286364 1529655 1223724 229448 76483 1548060 1238448 232209 77403 4728094 3951242 702384 74468 1183911 947129 177587 59195 2320196 2133922 186274 1749078 1399262 262362 87454 162046 129637 24307 8102 320930 272790 48140 2869774 2439308 430466 397546 337914 59632 ONLINE FEE 7322878 6224446 1098432 FOOD SERVICE 1697628 1442984 254644 EQUIPMENT RENTAL & MAIN 1026121 872203 153918 SPECIAL PROGRAMS 762323 523392 238931 815045 655261 144773 15011 98301355 85652605 10968744 1680006 23993100 31738162 2755000 1867000 6136832 5804987 610884 625837 155984830 69089383 87231680 86895447 47609416 46415522 7649911 7635253 1978871 1159488 751322 784106 178717016 182925802 3598770 4927850 2532784 1547357 12003129 11952303 10618576 9519017 113328 45155 902259 57501 2156327 3196972 31925173 31246155 X 95704494 95092854 51087349 56586793 146791843 151679647 178717016 182925802 X 4889908 48956 -51060 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 119618 119618 0 PART II-B, LINE 1: LOBBYING ACTIVITIES: SAINT MARY'S UNIVERSITY OF MINNESOTA IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. SAINT MARY'S UNIVERSITY OF MINNESOTA PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $153,098 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2020 INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 78.13% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $119,618 OF SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 509015 X 0 0 1 X 60992695 1843497 1662961 5600486 58898667 64245509 1763990 -247822 4768982 60992695 58820983 2107589 5993649 2676712 64245509 53026579 2092874 6122967 2421437 58820983 54291355 1135081 -900826 1499031 53026579 0.37400 0.62600 0.00000 1 0 2405662 2405662 110398992 34434897 75964095 4214295 3336572 877723 30738688 26817722 3920966 8227193 4500192 3727001 86895447 ANNUITIES PAYABLE 383184 REFUNDABLE DEPOSITS 1841796 ASSET RETIREMENT OBLIGATION 924622 CONTRACT PAYABLE 47370 3196972 X 80942190 48956 2549 51505 80890685 286364 22014214 22300578 103191263 76054386 243909 243909 75810477 286364 22204514 22490878 98301355 PART III, LINE 4: THE ARTWORK AT THE UNIVERSITY INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE. PART IV, LINE 2B: THE UNIVERSITY HOLDS AGENCY FUNDS AND SAVINGS FOR STUDENT GROUPS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. ACCORDINGLY, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT STATUS (UNRELATED BUSINESS ACTIVITIES). THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2020 AND 2019. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FUNDS HELD IN TRUST BY OTHERS 2,549. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 22,204,514. RENTAL EXPENSES -190,300. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ACTUARIAL ADJUSTMENT 53,609. RENTAL EXPENSES 190,300. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 22,204,514. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES A RACIALLY NONDISCRIMINATORY POLICY ON ALL APPLICATIONS, OUR WEBSITE, OUR UNDERGRADUATE AND GRADUATE CATALOGS, OUR FACT SHEET, OUR GRADUATE PROGRAM INFORMATION SHEETS AND OUR UNDERGRADUATE STUDENT RESOURCE AND DAILY PLANNER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. CENTRAL AMERICAN AND CARIBBEAN (JAMAICA) 1 6 PROGRAM SERVICES EDUCATION 15000 EUROPE (LONDON) 1 5 PROGRAM SERVICES EDUCATION 179857 SUB-SAHARA AFRICA (KENYA) 1 2 PROGRAM SERVICES EDUCATION 10000 CENTRAL AMERICAN AND CARIBBEAN (CAYMAN) 0 0 INVESTMENTS 7635253 3 13 0 0 3 13 7840110 0 7840110 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN CORPORATIONS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, THE PARTNERSHIPS HAVE FILED FORM 8621 ON THEIR PARTNERS' BEHALF, AND THEREFORE THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT. 1 SCHOLARSHIPS AND GRANTS 1031 22204514 CARES ACT STUDENT FINANCIAL ASSISTANCE 832 830548 PART I, LINE 2: THE UNIVERSITY DISTRIBUTES SCHOLARSHIPS BASED ON NEED AND MERIT. NEED BASED SCHOLARSHIPS ARE AWARDED BY THE FINANCIAL AID OFFICE USING THE INFORMATION FROM THE RESULTS OF THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID). MERIT BASED SCHOLARSHIPS ARE AWARDED BY THE ADMISSIONS OFFICE USING THE INFORMATION FROM THE STUDENT'S OFFICIAL HIGH SCHOOL TRANSCRIPTS AND THE RESULTS OF THE STANDARDIZED TEST (ACT, SAT, ETC.). FOR STUDENTS RECEIVING GRANTS AND SCHOLARSHIP FUNDS WITH RENEWAL CONDITIONS, FULFILLMENT OF THOSE CONDITIONS ARE VERIFIED BY THE FINANCIAL AID ADMINISTRATOR PRIOR TO THE AWARD BEING RENEWED (GPA, YEAR OF ATTENDANCE, ETC.) X 1 1 X X 1 0 0 0 0 0 0 0 0 BURNS FATHER JAMES PRESIDENT 327860 0 0 0 552 0 18200 0 21404 0 368016 0 0 0 REINHART TODD DEAN, SCHOOL OF SCIENCES & HEALTH PR 164943 0 0 0 681 0 11599 0 30821 0 208044 0 0 0 KINTZI AUDREY VP, ADVANCEMENT & COMMUNICATIONS 175620 0 0 0 645 0 11626 0 10355 0 198246 0 0 0 MURRAY BENJAMIN SENIOR VP FOR FINANCE & OPERATIONS 170289 0 0 0 221 0 11069 0 593 0 182172 0 0 0 HOPKINS REBECCA DEAN OF EDUCATION - OUTGOING 73269 0 0 0 77600 0 5319 0 19952 0 176140 0 0 0 GORDON LEAH PROGRAM DIRECTOR - NURSE ANESTHESIA 154680 0 0 0 126 0 10344 0 9746 0 174896 0 0 0 CARROLL-GLOVER ANDREA VICE PROVOST FOR ONLINE STRATEGY & P 130493 0 0 0 176 0 9452 0 24152 0 164273 0 0 0 PART I, LINE 1A JAMES BURNS HAS USE OF A HOUSE ON THE WINONA CAMPUS AND A CONDO NEAR THE TWIN CITIES CAMPUS. $12,000 OF EMPLOYER PAID HOUSING IS INCLUDED IN HIS NON-TAXABLE BENEFITS IN COLUMN D OF PART II. PART I, LINE 4A A PORTION OF THE AMOUNT REPORTED IN "OTHER REPORTABLE COMPENSATION" REFLECTS PAYMENT MADE TO THE FOLLOWING EMPLOYEE IN 2019 PURSUANT TO A SEVERANCE AGREEMENT: REBECCA HOPKINS - $77,506 A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-04-10 6025000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 5546000 BRIDGE LOAN 0 0 0 C MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 2471000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 A 3402000 6025000 62737 5962263 2014 1 0 0 0 B 243000 5546000 46000 5500000 2018 0 0 0 0 C 783000 2471000 2471000 26262 2018 0 1 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/03/2019 SCHEDULE K, PART IV, LINE 7: DURING THE TWELVE MONTH PERIOD THE UNIVERSITY WORKED WITH OUTSIDE CONSULTANTS TO MONITOR COMPLIANCE; REBATE ANALYSTS HAVE BEEN ENGAGED SINCE THE INITIAL ISSUE. X 8670 FAIR MARKET VALUE X 16 652311 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: SAINT MARY'S UNIVERSITY OF MINNESOTA'S POLICY IS TO SELL ALL STOCK GIFTS RECEIVED AT THE TIME OF RECEIPT. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS THE FULL POWERS OF THE BOARD TO TAKE SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN THE EVENT OF AN EMERGENCY OR OTHER EXIGENT CIRCUMSTANCES, AS DETERMINED BY EITHER THE PRESIDENT OR THE CHAIR. THE COMMITTEE CONSISTS OF THE CHAIR, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE CHAIR OF EACH OF THE STANDING COMMITTEES, THE IMMEDIATE PAST-CHAIR OF THE BOARD IF THAT PERSON IS STILL SERVING ON THE BOARD, AND THE PROVINCIAL OF THE MIDWEST DISTRICT OF THE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION REVISED ITS ARTICLES OF INCORPORATION TO PROVDE THAT 6 MEMBERS OF THE BOARD OF TRUSTEES MUST BE BROTHERS OF THE CHRISTIAN SCHOOLS. THE ARTICLES PREVIOUSLY STATED THAT 25% OF THE BOARD WAS REQUIRED TO BE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 6 THE BROTHERS OF THE CHRISTIAN SCHOOLS ARE CONSIDERED MEMBERS OF THE UNIVERSITY. THE BROTHERS OF THE CHRISTIAN SCHOOLS DO NOT HAVE ANY VOTING POWER. FORM 990, PART VI, SECTION A, LINE 8B EACH COMMITTEE REPORTS ITS ACTION TO THE GENERAL SESSION OF THE BOARD OF TRUSTEES. COMMITTEE ACTIONS ARE DOCUMENTED THROUGH THE MINUTES OF THE GENERAL SESSION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990. AFTER REVIEW BY THE AUDIT COMMITTEE, THE BOARD OF TRUSTEES RECEIVES A COPY OF THE PUBLIC INSPECTION COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IN JUNE OF EACH YEAR, TRUSTEES, OFFICE HOLDERS AND COMMITTEE MEMBERS DISCLOSE IN WRITING: (1) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER; (2) ALL CONTRACTS OF BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND A FAMILY MEMBER; AND (3) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND AN ORGANIZATION IN WHICH THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER OR THEIR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. THE GENERAL COUNSEL SHALL REVIEW THE REPORT AND THEN PRESENT A REPORT TO THE EXECUTIVE COMMITTEE WITH THE DETAILS OF THE CONFLICT OF INTEREST AND RECOMMENDATIONS. UPON RECEIPT OF THE REPORT FROM THE GENERAL COUNSEL, THE EXECUTIVE COMMITTEE SHALL MEET TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR APPEARS TO EXIST. THE EXECUTIVE COMMITTEE SHALL RECORD A SUMMARY OF THE INTEREST, THE DETERMINATIONS MADE AND THE ACTIONS TAKEN BY THE COMMITTEE REGARDING THE POSSIBLE CONFLICT. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION IT DEEMS APPROPRIATE INCLUDING: 1) FINDING THAT THE POTENTIAL CONFLICT OF INTEREST IS NOT DIRECT OR MATERIAL AND THAT THE UNIVERSITY'S INTERESTS ARE BEST SERVED BY THE TRUSTEE'S, OFFICE HOLDER'S OR COMMITTEE MEMBER'S PARTICIPATION; 2) RESTRICTING THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER FROM ATTENDING ANY MEETING OR GATHERING AT ANY TIME AT WHICH THE MATTER IN QUESTION IS DISCUSSED; OR 3) UPON DETERMINING THAT THE CONTRACT OR BUSINESS TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST AND IS FAIR AND REASONABLE, APPROVE THE PROPOSED CONTRACT OR BUSINESS TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION FOR THE PRESIDENT ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF COMPENSATION. YAFFEE & COMPANY WAS ENGAGED IN 2017 TO COMPLETE A COMPENSATION STUDY FOR THE PRESIDENT. ADDITIONALLY, ACADEMIC SEARCH, AN EXECUTIVE SEARCH FIRM, COMPLETED A SALARY ANALYSIS AND PROPOSED COMPENSATION RECOMMENDATIONS AS PART OF ITS PRESIDENTIAL SEARCH PROCESS, COMPLETED IN MAY 2018. DATA FROM BOTH SOURCES WAS USED IN ESTABLISHING COMPENSATION FOR THE PRESIDENT. THE PRESIDENT, SUPPORTED BY THE AVP FOR HUMAN RESOURCES AND SENIOR VICE PRESIDENT FOR FINANCE AND OPERATIONS, IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION OF ALL OTHER POSITIONS ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF EXECUTIVE-LEVEL COMPENSATION, DEFINED AS CABINET-LEVEL POSITIONS. YAFFEE & COMPANY WAS ENGAGED IN 2017 TO COMPLETE A COMPENSATION STUDY FOR CABINET-LEVEL POSITIONS. DATA FROM THE STUDY WAS USED IN ESTABLISHING COMPENSATION FOR CABINET POSITIONS. ADDITIONALLY, SALARY SURVEY DATA FROM CUPA-HR (COLLEGE UNIVERSITY PROFESSIONAL ASSOCIATION HUMAN RESOURCES), A NATIONAL DATA-BASE OF HIGHER EDUCATION SALARY INFORMATION, IS USED TO ASSESS AND ESTABLISH COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE MINNESOTA SECRETARY OF STATE. THE BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH EMMA (ELECTRONIC MUNICIPAL MARKET ACCESS). FORM 990, PART XI, LINE 9: GAIN ON FUNDS HELD BY OTHERS 2,549. LOSS ON ACTUARIAL ADJUSTMENT -53,609. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUST (6) CHARITABLE TRUST MN N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0