2021-04-03T11:13:01-05:00 2020-06-30 390859910 BAKER TILLY US LLP 2201 E ENTERPRISE AVE PO BOX 2459 APPLETON WI 549122459 990 2019-07-01 390806154 MOUNT MARY UNIVERSITY MOUN 4149303126 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 DR CHRISTINE PHARR PRESIDENT 4149303126 2021-03-30 1 TROY MARINE CPA P00187863 9207337385 2021-03-23 2019 2022-09-23 18:48:47Z DR CHRISTINE PHARR 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 53365162 0 X WWW.MTMARY.EDU X 1913 WI MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN, SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. 24 24 642 100 0 -34396 5846973 6456420 29583987 27769854 2302754 1303187 289216 167158 38022930 35696619 10134699 9689247 0 0 13975010 15959766 0 0 687647 9774778 9242638 33884487 34891651 4138443 804968 68854892 71562119 13232940 15310571 55621952 56251548 X MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 0 0 10588996 9689247 25326033 MOUNT MARY UNIVERSITY HAD APPROXIMATELY 699 UNDERGRADUATE AND 566 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30, 2020. DURING THIS PERIOD, 145 BACHELORS DEGREES AND 11 POST BACCALAUREATE CERTIFICATES, 19 DOCTORAL, AND 184 GRADUATE DEGREES WERE AWARDED TO STUDENTS. 4012132 THE UNIVERSITY SERVICES APPROXIMATELY 1265 STUDENTS WITH FINANCIAL AID, LEARNING SERVICES, STUDENT ENGAGEMENT, CAMPUS MINISTRY, STUDENT ADVISING, FITNESS CENTER, INTERNATIONAL CENTER FOR STUDENTS, CAREER DEVELOPMENT, COUNSELING CENTER, REGISTRAR, RESIDENCE LIFE, STUDENT SUCCESS AND ATHLETIC TEAMS, FOR SUPPORT OF THE WHOLE STUDENT. 862268 1566586 AUXILIARY ENTERPRISES SERVICES APPROXIMATELY 204 STUDENTS WITH CONTRACTED SERVICES FOR FOOD SERVICE, THE BOOK STORE AND IN-HOUSE FUNCTIONS FOR DORMITORIES 10343703 877235 10343703 877235 25807099 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 81 0 1 642 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X BUSINESS OFFICE 4149303201 2900 N MENOMONEE RIVER PKWY MILWAUKEE WI 53222 CHRISTINE PHARR PRESIDENT 50.00 X X 299756 0 20756 ROBERT O'KEEFE VICE PRESIDENT 50.00 X 157144 0 17487 KAREN FRIEDLEN VICE PRESIDENT 50.00 X 147126 0 20195 PAM OWENS VICE PRESIDENT 50.00 X 128286 0 17933 DAVID WEGENER VICE PRESIDENT 50.00 X 133440 0 11776 KARA GROOM DIRECTOR 50.00 X 108967 0 19362 CHERYL BAILEY DIRECTOR 50.00 X 107615 0 20183 JANE OLSON DIRECTOR 50.00 X 116194 0 10490 SHARON ROOB DIRECTOR 50.00 X 106090 0 12228 MARC BELANGER DIRECTOR 50.00 X 110944 0 3520 SARAH OLEJNICZAK VICE PRESIDENT 50.00 X 98788 0 3001 SISTER JOAN PENZENSTADLER VICE PRESIDENT 50.00 X 36380 0 1060 CATHY BUCK CHAIR 1.00 X 0 0 0 KATHY HUST VICE CHAIR 1.00 X 0 0 0 MARIE O'BRIEN TRUSTEE, PAST CHAIR 1.00 X 0 0 0 JOAN M SHAFER TRUSTEE 1.00 X 0 0 0 KRISTINE KRAUSE TRUSTEE 1.00 X 0 0 0 J OMAR ANDRIETSCH TRUSTEE 1.00 X 0 0 0 BETH HEIKKILA TRUSTEE 1.00 X 0 0 0 STEPHANIE RUSSELL TRUSTEE 1.00 X 0 0 0 DAVID KRUTZ TRUSTEE 1.00 X 0 0 0 SCOTT LARSON TRUSTEE 1.00 X 0 0 0 S SANDRA ANN WEINKE TRUSTEE 1.00 X 0 0 0 JUDIE TAYLOR TRUSTEE 1.00 X 0 0 0 ERICKAJOY DANIELS TRUSTEE 1.00 X 0 0 0 MARY JO LAYDEN TRUSTEE 1.00 X 0 0 0 SCOTT NAZE TRUSTEE 1.00 X 0 0 0 SISTER DEBRA SCIANO TRUSTEE 1.00 X 0 0 0 ANN NATTINGER TRUSTEE 1.00 X 0 0 0 DAVID JORGENSEN TRUSTEE 1.00 X 0 0 0 ERICA-NICOLE HARRIS TRUSTEE 1.00 X 0 0 0 BLAINE GIBSON TRUSTEE 1.00 X 0 0 0 SISTER JANET ABBACCHI TRUSTEE 1.00 X 0 0 0 SISTER JOAN ANDERT TRUSTEE 1.00 X 0 0 0 GAIL BAST TRUSTEE 1.00 X 0 0 0 SUE BELLEHUMEUR TRUSTEE 1.00 X 0 0 0 1550730 0 157991 10 0 1 0 NEXT ELECTRIC LLC 1121 MARLIN COURT SUITE A WAUKESHA WI 53186 ELECTRICAL CONTRACTOR 628913 VJS CONSTRUCTION SERVICES INC W233 N2847 ROUNDY CIRCLE WEST PEWAUKEE WI 53072 CONSTRUCTION CONTRACT 493850 A'VIANDS PO BOX 743357 ATLANTA GA 30374 CATERING AND FOOD SERVICES 359319 DELL MARKETING LP C/O DELL USA LP PO BOX 802816 CHICAGO IL 60680 IT EQUIPMENT - HARDWARE OR SOFTWARE FOR 276249 PSAB ENTERPRISES INC 13040 W LISBON RD BROOKFIELD WI 53045 CLEANING SERVICE 253360 19 1063732 5392688 6456420 STUDENT TUITION 611600 26127871 26127871 AUXILIARY ENTERPRISES 722320 1566586 1566586 INTEREST ON TUITION RECEIVABLES 611600 65466 65466 MMC COMMUNITY RENTAL 611600 7250 7250 DEPARTMENT REVENUE 900099 2681 2681 27769854 2110548 2110548 131609 77887 53722 53722 53722 16783295 17590656 -807361 -807361 -807361 MISCELLANEOUS 611600 113436 113436 113436 35696619 27769854 0 1470345 9689247 9689247 1120027 466308 502126 151593 11565567 8762505 2438972 364090 266230 195005 63278 7947 2024684 1071456 880380 72848 983258 659271 289942 34045 292064 44300 239684 8080 68085 68085 46342 46342 78702 78702 823106 538542 284564 2347085 1786710 542962 17413 284240 27931 256309 1670743 1367362 285051 18330 13361 13361 12981 12981 268666 268666 1544535 1003373 541162 300406 300406 AUXILIARY 603650 603650 BAD DEBT ALLOWANCE 369453 369453 OTHER INST. EXPENSES 364480 195089 156090 13301 OTHER INST. MEMBERSHIPS 154739 154739 34891651 25807099 8396905 687647 2029764 3631241 316576 358433 4536552 5487274 934978 502716 324674 394772 59975024 35090926 24495689 24884098 35317066 35340549 602584 489843 297009 473193 68854892 71562119 1895969 1575287 894815 1063481 8623320 8232837 1000000 3676700 818836 762266 13232940 15310571 X 26824045 26870805 28797907 29380743 55621952 56251548 68854892 71562119 X 804968 568531 -743904 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23024287 336139 467526 950000 22877952 22583496 678609 1130178 796376 571620 23024287 20492351 1213141 1620504 742500 22583496 18179071 943550 2041265 671535 20492351 15873321 1181405 -26775 -1151120 18179071 0.02000 0.82000 0.16000 0 0 542794 542794 42768811 20951137 21817674 12510773 11730216 780557 4152646 2409573 1743073 24884098 ANNUITY OBLIGATIONS 43342 REFUNDABLE ADVANCES FROM THE U.S. GOVERNMENT 718924 762266 X 25909885 568531 -666017 -97486 26007371 9689247 9689247 35696618 25280290 77887 77887 25202403 9689247 9689247 34891650 PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE 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 POSITION AS OF JUNE 30, 2020 AND 2019. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 77,887. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENT -950,000. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 206,096. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 9,689,247. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 77,887. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 9,689,247. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ANNOUNCEMENTS, BROCHURES, COURSE DESCRIPTIONS SCHEDULE E, PART I, LINE 6 VARIOUS GOVERNMENT GRANTS TO PROVIDE FINANCIAL AID TO STUDENTS EUROPE 0 0 TRAVEL, HOTELS, MEALS, TOURS, TUITION, SCHOLARSHIPS, INSURANCE STUDY ABROAD 31649 SOUTH AMERICA 0 0 TRAVEL, HOTELS, MEALS, TOURS, TUITION, SCHOLARSHIPS, INSURANCE STUDY ABROAD 13600 CENTRAL AMERICA AND CARRIBEAN 0 0 TRAVEL, HOTELS, MEALS, TOURS, TUITION, SCHOLARSHIPS, INSURANCE SCHOLARSHIPS 38492 TRINIDAD AND TOBAGO 0 0 EDUCATIONAL SCHOLARSHIPS 12500 VIETNAM 0 0 EDUCATIONAL SCHOLARSHIPS 72320 KENYA 0 0 EDUCATIONAL SCHOLARSHIPS 15580 NIGERIA 0 0 EDUCATIONAL SCHOLARSHIPS 7370 TAIWAN 0 0 EDUCATIONAL SCHOLARSHIPS 13500 UNITED KINGDOM OF GREAT BRITAIN 0 0 EDUCATIONAL SCHOLARSHIPS 30550 0 0 0 0 0 0 205011 30550 235561 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVE GRANT AWARDS FOR ATTENDING THE UNIVERSITY. IN THE US STUDENT'S ELIGIBILITY FOR GRANT SUPPORT IS DEPENDENT ONLY ON THEIR STATUS AS AN INTERNATIONAL STUDENT. THE ADMISSIONS AND REGISTRAR'S OFFICES VERIFY THE INTERNATIONAL STUDENT STATUS USING THEIR VISAS. THE FINANCIAL AID OFFICE POSTS THE FINANCIAL AID AWARD TO THEIR AID PACKAGE AND THE BUSINESS OFFICE POSTS THE AID ON THEIR STUDENT ACCOUNT. NO PAYMENTS OF CASH ARE MADE TO INTERNATIONAL STUDENTS DIRECTLY FOR THEIR GRANT AWARDS. PART III ACCOUNTING METHOD: 1 EDUCATIONAL SCHOLARSHIPS 691 9689247 PART I, LINE 2: EACH STUDENT IS REVIEWED BY TWO OR THREE INDIVIDUALS IN THE AWARDING PROCESS. STUDENTS ARE THEN AWARDED GRANT FUNDS BASED ON FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS, GUIDELINES AND INSTITUTIONAL MATRIX PROCEDURES FOR MONITORING FUNDS ARE ALSO BUILT INTO THE COMPUTER AWARDING SOFTWARE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE PHARR PRESIDENT 254230 0 0 0 45526 0 6630 0 14126 0 320512 0 0 0 ROBERT O'KEEFE VICE PRESIDENT 157144 0 0 0 0 0 4144 0 13343 0 174631 0 0 0 KAREN FRIEDLEN VICE PRESIDENT 147126 0 0 0 0 0 4274 0 15921 0 167321 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT, DR. PHARR. THE PRESIDENT'S CONTRACT INCLUDES A CAR ALLOWANCE. THE ALLOWANCE IS PAID THROUGH PAYROLL AND SUBSEQUENTLY TAXED ACCORDINGLY. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-07-01 6535000 FACILITIES CONSTRUCTIONS 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-07-01 3465000 FACILITIES CONSTRUCTIONS 0 0 0 A 1175000 6535000 139677 6395323 0 0 1 1 B 560000 3465000 134090 3330910 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 1 B 1 VJS CONSTRUCTION SERVICES INC A TRUSTEE OF THE UNIVERSITY 470056 A TRUSTEE IS A PRINCIPAL OF VJS CONSTRUCTION SERVICES, INC. MOUNT MARY CONTRACTED WITH VJS CONSTRUCTION SERVICES, INC. TO PROVIDE CONSTRUCTION MANAGEMENT SERVICES. 0 ROBERT W BAIRD & CO INC A TRUSTEE OF THE UNIVERSITY 78702 A TRUSTEE OF THE UNIVERSITY IS A PRINCIPAL AT ROBERT W. BAIRD & CO. INC. MOUNT MARY UNIVERSITY ENGAGES ROBERT BAIRD FOR INVESTMENT SERVICES OF THEIR INVESTMENT AND ENDOWMENT ACCOUNTS AND PAYS INVESTMENT FEES. 0 ENTERFORCE INC A TRUSTEE OF THE UNIVERSITY 0 A TRUSTEE OF THE UNIVERSITY A PRINCIPAL AT ENTERFORCE INC. MOUNT MARY UNIVERSITY HAS USED THEIR SERVICES FOR TEMPORARY STAFFING NEEDS 0 X 4 351928 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD, WHICH INCLUDES THE AUDIT AND RISK MANAGEMENT COMMITTEE, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS SIGNED ANNUALLY BY THE BOARD OF DIRECTORS. THIS FORM IS SENT TO THE PRESIDENT AND MONITORED BY THAT OFFICE. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED TO WAICU SURVEYS. THE PRESIDENT'S SALARY GOES TO THE BOARD FOR APPROVAL FOR INCREASES. THE VICE PRESIDENTS' SALARY INCREASE APPROVALS GO TO THE PRESIDENT. THE CFO MONITORS THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE/INTEREST RATE SWAP AGREEMENT 206,096. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENT -950,000. FORM 990, PART XII, LINE 2C: THE UNIVERSITY HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT. SCHOOL SISTERS OF NOTRE DAME 13105 WATERTOWN PLANK ROAD ELM GROVE WI 53122 390806379 SPONSORING ORGANIZATION OF MOUNT MARY UNIVERSITY WI 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHOOL SISTERS OF NOTRE DAME C 20000 CHECKS RECEIVED