2020-03-02T10:17:56-06:00 2019-06-30 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2018-07-01 460283336 MOUNT MARTY COLLEGE MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 TABITHA LIKNESS VP OF FINANCE/ADMINSTRATION 6056681514 2020-02-20 1 LAURIE HANSON P00851848 6053391999 2020-02-20 67.130.171.59 2020-02-20 09:15:35 CS P C5ADF3E96DC5FD5E5884512D59AB882B10EDFEC1 F7BA031C655DF5D2BE7843B8A6CBF62E51E7FB61 2018 2021-01-29 14:40:06Z MARCUS LONG 1105 WEST 8TH STREET YANKTON SD 57078 26344509 0 X WWW.MOUNTMARTY.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 22 22 496 26 0 0 3083595 4823505 14848098 16343055 1063852 780235 1316640 1476115 20312185 23422910 5978937 7073319 0 0 9199157 8713610 0 0 405959 5269017 6134710 20447111 21921639 -134926 1501271 45950898 51656765 10088171 12963544 35862727 38693221 MOUNT MARTY COLLEGE, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 19721373 7073319 17795377 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,044 STUDENTS. 19721373 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 62 0 1 496 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X TABITHA LIKNESS 6056681603 1105 WEST 8TH STREET YANKTON SD 57078 DCN JOHN OSNES PHD CHAIR 2.50 X X 0 0 0 MS NANCY WERNER VICE CHAIR 2.50 X X 0 0 0 MR DENIS FOKKEN TREASURER 2.50 X X 0 0 0 JOYCE FETERL SECRETARY 2.50 X X 0 0 0 S MARIBETH WENTZLAFF PRIORESS 1.30 X 0 0 0 FR JAMES BREAM DIRECTOR 1.30 X 0 0 0 DR JIM FITZGERALD DIRECTOR 1.30 X 0 0 0 S MARY CAROLE CURRAN DIRECTOR 1.30 X 0 0 0 DAVID JOHNSON DIRECTOR 1.30 X 0 0 0 MS DEB FISCHER-CLEMENS DIRECTOR 1.30 X 0 0 0 DR RICHARD FOSTER DIRECTOR 1.30 X 0 0 0 S LOUISE MARIE GOETTHERTZ DIRECTOR (UNTIL 2/19) 1.30 X 0 0 0 DR AL KURTENBACH DIRECTOR 1.30 X 0 0 0 FR JAMES KEITER DIRECTOR 1.30 X 0 0 0 MR DAN SPECHT DIRECTOR 1.30 X 0 0 0 DR ALLAN TRAMP DIRECTOR 1.30 X 0 0 0 S MILDRED BUSCH DIRECTOR 1.30 X 0 0 0 MR JEFF MAY DIRECTOR 1.30 X 0 0 0 DR VICTORIA VLACH DIRECTOR 1.30 X 0 0 0 MS KATHIE GERSTNER DIRECTOR 1.30 X 0 0 0 DONALD ROBY DIRECTOR 1.30 X 0 0 0 DARYL THURINGER DIRECTOR 1.30 X 0 0 0 S CAROL JEAN VANDEN HEMEL DIRECTOR 1.30 X 0 0 0 DR MARCUS LONG PRESIDENT 40.00 X 237323 0 35113 TABITHA LIKNESS VP OF FINANCE/ADMINISTRATI 40.00 X 33451 0 4456 MENG SETH ASST. PROF.-NURSE ANEST 40.00 X 129847 0 10320 LARRY DAHLEN PROF.-NURSE ANEST 40.00 X 140910 0 24295 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 40.00 X 152840 0 26166 JENNIFER OAKES ASST. PROF.-NURSE ANEST 40.00 X 149795 0 21578 TAYLOR REHFELDT ASST. PROF.-NURSE ANEST 40.00 X 129949 0 45 974115 0 121973 6 0 1 0 WELFL CONSTRUCTION CORP 800 WEST 23RD ST YANKTON SD 57078 CONSTRUCTION 983029 A'VIANDS NW 8704 MINNEAPOLIS MN 554855704 FOOD SERVICE 833567 CAMPUS MANAGEMENT 5201 CONGRESS AVE BOCA RATON FL 33487 IT SOFTWARE/MAINTENANCE 181314 3 22340 539291 4261874 112608 4823505 TUITION & FEES 611710 16061658 16061658 281397 281397 16343055 589655 589655 22668 0 22668 22668 22668 1776005 1585425 190580 190580 190580 8594 22340 7469 1125 1125 2781027 1328705 1452322 1452322 23422910 17795377 0 804028 7073319 7073319 339209 339209 7219147 6460036 519806 239305 233415 200878 19738 12799 416239 322400 74394 19445 505600 433829 55700 16071 47387 46183 1204 61074 48430 12644 169771 140258 29513 107701 107637 64 781397 675998 73490 31909 450544 59 450485 421760 421760 193261 172130 9664 11467 61596 61596 1336413 1262922 50676 22815 SUPPLIES 916623 896047 6279 14297 STUDENT LIFE 489743 436198 36205 17340 INSTITUTIONAL SUPPORT 473687 437793 15447 20447 EQUIPMENT RENTAL & MAIN 345644 248429 97215 278109 275471 2638 21921639 19721373 1794307 405959 1424032 2961611 3161665 3493299 426751 615395 1451845 1295719 916313 2064762 33085016 19415165 11096433 13669851 27377709 27397493 96150 77317 0 81318 45950898 51656765 1513365 4126624 1487668 1626598 75000 800813 800613 6286325 6334709 10088171 12963544 X 6377825 7816265 9230690 10240105 20254212 20636851 35862727 38693221 45950898 51656765 1501271 1329223 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26608805 416980 2141861 837803 77416 28252427 26453771 448946 2087991 2295916 85987 26608805 20366019 4154786 2752601 725077 94558 26453771 20127721 1061320 -74223 645206 103593 20366019 19689207 589354 500227 563891 87176 20127721 0.01010 0.73040 0.25950 0 0 1326259 1326259 21707779 13430147 8277632 5986274 4692475 1293799 4064704 1292543 2772161 13669851 CHARITABLE REMAINDER UNITRUST 247431 REFUNDABLE U.S. GOVERNMENT ADVANCES 1487278 LONG-TERM RELATED NOTE PAYABLE, UNSECURED 4600000 6334709 X 18899405 1329223 1589 -7190492 -5859680 24759085 -1336175 -1336175 23422910 16068911 1336175 1336175 14732736 7188903 7188903 21921639 PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS' WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE COLLEGES INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. PART X, LINE 2: MOUNT MARTY COLLEGE IS ORGANIZED AS A SOUTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). THE COLLEGE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE COLLEGE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE COLLEGE HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE EXPENSES NETTED TO REVENUE -117,173. SCHOLARSHIPS NETTED TO REVENUE FOR GAAP -7,073,319. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE -1,328,705. SPECIAL EVENT EXPENSES -7,470. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE 1,328,705. SPECIAL EVENT EXPENSES 7,470. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADMINISTRATIVE EXPENSES NETTED TO REVENUE 117,173. SCHOLARSHIPS NETTED TO REVENUE FOR GAAP 7,073,319. BOARD IN-KIND EXPENSES INCLUDED IN REVENUE -1,589. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 COLLEGE CATALOG, WEBSITE, AND BROADCAST MEDIA SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE COLLEGE, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. MTMC GOLF CLASSIC 30934 22340 8594 972 3880 2026 591 30934 22340 8594 972 3880 2026 591 7469 1125 1 SCHOLARSHIPS 872 7073319 PART I, LINE 2: THE COLLEGE HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X 1 1 X X 0 0 0 0 0 0 0 0 0 DR MARCUS LONG PRESIDENT 212843 0 0 0 24480 0 10874 0 24284 0 272481 0 0 0 LARRY DAHLEN PROF.-NURSE ANEST 140910 0 0 0 0 0 7525 0 16815 0 165250 0 0 0 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 152840 0 0 0 0 0 8169 0 18041 0 179050 0 0 0 JENNIFER OAKES ASST. PROF.-NURSE ANEST 149795 0 0 0 0 0 7835 0 13788 0 171418 0 0 0 PART I, LINE 1A THE PRESIDENT OF MOUNT MARTY COLLEGE, MARC LONG, RECEIVES $2,000 PER MONTH FOR A HOUSING STIPEND. THIS AMOUNT IS TAXABLE ON HIS W-2. TABITHA LIKNESS FAMILY MEMBER OF GERRY LIKNESS, FORMER BOARD MEMBER 71024 COMPENSATION AS AN EMPLOYEE 0 X 2 104222 FMV X IN-KIND GIFTS 37 8386 FMV 0 0 1 0 PART I, COLUMN (B): AMOUNTS ARE THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE COLLEGE AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE COLLEGE; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE COLLEGE AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE COLLEGE; (E) TO AMEND THE BYLAWS OF THE COLLEGE; (F) TO OVERSEE THE COLLEGE'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE COLLEGE'S FINANCIAL POSITION; (G) TO RECEIVE THE COLLEGE'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE COLLEGE, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE COLLEGE; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FIRM. THE FINANCE & AUDIT COMMITTEE REVIEWS THE 990 AND A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD ALONG WITH A RECOMMENDATION FROM THE FINANCE & AUDIT COMMITTEE. THE FULL BOARD THEN REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS IS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER TRUSTS (1) CRT SD N/A T 1 0 0 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 0 1