2020-11-11T10:04:01-06:00 2020-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC 1821 SOUTH AVE WEST FL 5 MISSOULA MT 59801 990 2019-07-01 810231774 CARROLL COLLEGE CARR 4064475430 1601 N BENTON AVE HELENA MT 596250002 LORI PETERSON VICE PRESIDENT FINANCE 4064475430 2020-11-05 1 JILL GALLE CPA P01330243 4067217800 2020-11-03 71.92.235.247 2020-11-05 10:38:31 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EB7B909F2DAB67A0E0D9254C15BEDB076C7DA16F 2019 2021-01-29 14:40:06Z LORI PETERSON 1601 N BENTON AVE HELENA MT 596250002 69839714 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. 20 20 1069 190 21783 0 7409643 7187608 51579160 50842290 1737574 2807867 496415 3248854 61222792 64086619 24008818 25032418 0 0 20523134 19206724 0 0 1571856 15461433 14801637 59993385 59040779 1229407 5045840 124355686 125734988 22506506 22367834 101849180 103367154 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 9203896 42244140 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 2997397 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 33851547 25032418 7861424 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 2323154 688357 OTHER PROGRAMS 2323154 688357 48375994 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 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 1 157 0 1 1069 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 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 JOHN CECH PRESIDENT/EX-OFFICIO 40.00 X 263733 0 24560 LORI PETERSON V.P. FINANCE & ADMINISTRAT 40.00 X 172933 0 22331 CHATO HAZELBAKER V.P. ENROLLMENT SERVICES 40.00 X 136544 0 22381 CATHERINE DAY V.P. ACADEMIC AFFAIRS 40.00 X 135063 0 14679 MICHAEL MCMAHON V.P. FOR ADVANCEMENT 40.00 X 112005 0 16233 CANDACE CAIN EXECUTIVE DIRECTOR PLANNED GIFTS 40.00 X 111592 0 13070 ANNETTE WALSTAD V.P. OF STUDENT LIFE 40.00 X 73095 0 19464 JAMES HARDWICK V.P. COMMUNITY LIVING 40.00 X 59442 0 2802 MONSIGNOR KEVIN O'NEILL CHAIR 2.00 X X 0 0 0 BISHOP AUSTIN VETTER CHANCELLOR 2.00 X X 0 0 0 SARAH WALSH VICE CHAIR 2.00 X X 0 0 0 ALEX PAPU RINCON TRUSTEE 2.00 X 0 0 0 FR PATRICK BERETTA TRUSTEE 2.00 X 0 0 0 SR DIANE STEELE 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 LISA BULLOCK TRUSTEE 2.00 X 0 0 0 MARK SEMMENS TRUSTEE 2.00 X 0 0 0 PATRICIA CHVATAL TRUSTEE 2.00 X 0 0 0 MICHAEL DALTON TRUSTEE 2.00 X 0 0 0 THOMAS DOWNEY 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 DR RUSS BELL TRUSTEE 2.00 X 0 0 0 DR ANDREW GILBERT TRUSTEE 2.00 X 0 0 0 FRAN ALBRECHT TRUSTEE 2.00 X 0 0 0 MARY MCHUGH TRUSTEE 2.00 X 0 0 0 KAREN FAGG TRUSTEE 2.00 X 0 0 0 FR CRAIG HANLEY TRUSTEE 2.00 X 0 0 0 GARY BRAYKO TRUSTEE 2.00 X 0 0 0 1064407 0 135520 9 0 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2691494 DICK ANDERSON CONSTRUCTION INC 3424 E US HIGHWAY 12 HELENA MT 59601 CONSTRUCTION 2420185 SUMMIT ROOFING INC 1401 N OAKES ST HELENA MT 59601 CONSTRUCTION 284580 COLLEGIS LLC 1415 W 22ND ST SUITE 220 OAK BROOK IL 605238419 CONSULTING 282667 HIGH POINT NETWORKS LLC 145 REGAL ST SUITE 8 BILLINGS MT 59101 TECHNOLOGY SERVICES 234142 17 68730 2162554 4956324 657171 7187608 TUITION AND FEES 611600 42244140 42244140 AUXILIARY ENTERPRISES 611600 7145612 7145612 ATHLETICS 611600 764181 764181 OTHER SOURCES 611600 688357 688357 50842290 1142958 1142958 989486 464364 525122 525122 18684 506438 5779119 598830 4151946 561094 1627173 37736 1664909 1664909 6878 68730 8489 -1611 -1611 521932 567202 -45270 -48369 3099 PAYCHECK PROTECTION PROGRAM 611600 2770613 2770613 2770613 64086619 50793921 21783 6083307 25032418 25032418 995352 317505 492563 185284 13780263 10925536 2043952 810775 562328 427886 96534 37908 2622308 1019346 1557312 45650 1246473 952472 211484 82517 63858 63858 2322386 1278886 1017319 26181 1624187 948243 545725 130219 711361 72125 639236 1538007 1321946 136305 79756 3217865 2214880 1002985 593054 567745 25309 3571177 2439402 1125058 6717 SUPPLIES 1041870 831190 135289 75391 OTHER EXPENSES 91458 91458 PERIODICALS 26414 26414 59040779 48375994 9092929 1571856 6385298 9472013 3893303 2858353 1942914 1576392 340948 193059 591231 547264 116948252 55278460 60040100 61669792 46526983 45678762 3165498 2916213 1469411 823140 124355686 125734988 2525251 2345571 1478899 2087571 15609814 14686672 2892542 3248020 22506506 22367834 X 49929095 54404213 51920085 48962941 101849180 103367154 124355686 125734988 X 5045840 -3114179 -413687 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 56561840 283127 -548125 1953295 54343547 55425747 847077 2383936 2094920 56561840 52706321 960685 3260216 1501475 55425747 47448239 4984621 5208066 1817362 3117243 52706321 50922019 616977 -2266241 568741 1255775 47448239 0.20910 0.15670 0.63420 0 0 872868 872868 100003350 42162584 57840766 14365759 11563947 2801812 1706275 1551929 154346 61669792 ANNUITIES PAYABLE 283718 OTHER LIABILITIES 30058 FAIR VALUE OF SWAP CONTRACT 2342269 STUDENT DEPOSITS 40412 REFUNDABLE ADVANCE 551563 3248020 X 38255071 -3114179 18323 626368 -2469488 40724559 23362060 23362060 64086619 36737097 18323 1040055 1058378 35678719 23362060 23362060 59040779 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 567,202. RENTAL EXPENSES NETTED ON RETURN 464,364. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 8,489. CHANGE IN FAIR VALUE OF SWAP CONTRACT -494,867. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT 81,180. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,298,202. INVESTMENT FEES 63,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 567,202. RENTAL EXPENSES NETTED ON RETURN 464,364. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 8,489. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,298,202. INVESTMENT FEES 63,858. 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 DINNER AND AUCTION 59230 59230 461 4830 GOLF TOURNAMENT 16378 9500 6878 3198 75608 68730 6878 461 8028 8489 -1611 1 ENDOWED SCHOLARSHIPS 373 1508579 CASH GRANTS 212 1158192 FEDERAL SEOG 201 87144 FEDERAL TEACH GRANTS 2 7504 FEDERAL PELL 264 1168757 VARIOUS FINANCIAL AID PROGRAMS 1828 21102242 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 263733 0 0 0 0 0 11473 0 13087 0 288293 0 0 0 LORI PETERSON V.P. FINANCE & ADMINISTRAT 172933 0 0 0 0 0 9037 0 13294 0 195264 0 0 0 CHATO HAZELBAKER V.P. ENROLLMENT SERVICES 136544 0 0 0 0 0 7000 0 15381 0 158925 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 47 614539 MARKET VALUE-GIFT DATE X AUTO LEASE 3 32643 MARKET VALUE-GIFT DA X DONATED AUCTION ITEMS 100 9989 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. A COPY OF THE 990 TAX RETURN IS POSTED ON THE CARROLL COLLEGE INTRA-NET FOR REVIEW BY THE BOARD. 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 81,180. CHANGE IN FAIR VALUE OF SWAP CONTRACT -494,867. 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.