2020-01-28T17:47:02-06:00 2019-06-30 420714325 RSM US LLP 201 FIRST STREET SE SUITE 800 CEDAR RAPIDS IA 52401 990 2018-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 LAURIE HAMEN PRESIDENT 3193686470 2020-01-17 1 CARLEY UMSTEAD P00982177 3192985333 66.98.98.134 2020-01-17 12:17:52 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CFDCB964B1DF4C9A9DAAC3B1488004CEFEDD9B1E 2018 2020-04-17 16:48:07Z LAURIE HAMEN 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 77422663 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,800 STUDENTS 34 33 871 250 -2007 -2007 6465467 3142215 45765103 46840442 1059821 972746 170445 41951 53460836 50997354 17427028 18058001 0 0 17932922 17935701 63734 51620 815329 12874795 13840623 48298479 49885945 5162357 1111409 94627564 95861530 20142160 21227631 74485404 74633899 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 1 0 28689074 18058001 40681881 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MCJ, MA IN EDUCATION, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2018, THERE WERE 1,171 TRADITIONAL, 182 ACCELERATED AND 262 GRADUATE, 148 ONLINE, AND 72 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,315; GRADUATE FTE WAS 305. 4868076 5265121 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3683980 237743 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 6814355 655697 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 6814355 655697 44055485 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2470 0 1 871 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA X LAURIE HAMEN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 CHARLES ROHDE CHAIR & TRUSTEE 1.00 X X 0 0 0 BRANDT WORLEY IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA BARHAMAND VICE CHAIR & TRUSTEE 1.00 X X 0 0 0 SISTER MARY LOU PODZIMEK SECRETARY & TRUSTEE 1.00 X X 0 0 0 SISTER MARGARET WEIGEL ASSISTANT SECRETARY TRUSTEE 1.00 X X 0 0 0 MOLLY ALTORFER AS OF 6819 TRUSTEE 1.00 X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 KEN BROWN TRUSTEE 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 JEFFREY CANNON TRUSTEE 1.00 X 0 0 0 PATRICE CARROLL TRUSTEE 1.00 X 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 40.00 X X 287981 0 68465 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LOREN COPPOCK TRUSTEE 1.00 X 0 0 0 TAMI CULVER TRUSTEE 1.00 X 0 0 0 PAMELA DELAGARDELLE TRUSTEE 1.00 X 0 0 0 MELANIE GIESLER-SPELLMAN AS OF 6819 TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SISTER DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT KAZIMOUR TRUSTEE 1.00 X 0 0 0 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JANE MEYER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 SR SUSAN O'CONNOR AS OF 6819 TRUSTEE 1.00 X 0 0 0 LISA PITZ AS OF 6819 TRUSTEE 1.00 X 0 0 0 H THOMAS REED TRUSTEE 1.00 X 0 0 0 VINCENT REID AS OF 102718 TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 40.00 X 45534 0 4960 SHEA FRANCIS AVP/CONTROLLER 40.00 X 121138 0 20866 TIMOTHY LAURENT PROVOST & VP FOR ACADEMIC AFFAIRS 40.00 X 83534 0 18463 BRENDA HAEFNER VP FOR DEVELOPMENT & ALUMNI RELATIONS 40.00 X 152392 0 28230 BRIAN MCDONALD UNTIL 142019 AVP FOR IT 40.00 X 101537 0 38165 NATE KLEIN VP FOR STUDENT SUCCESS 40.00 X 103266 0 25197 TOM CASTLE ASSOCIATE PROVOST & EXECUTIVE DIRECTOR 40.00 X 107344 0 30701 MARY TARBOX DEAN OF NURSING 40.00 X 107665 0 30091 1110391 0 265138 7 0 1 0 ARAMARK SERVICES INC 6000 FELDWOOD ROAD COLLEGE PARK GA 30349 FOOD SERVICE 2141558 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 CONSTRUCTION SERVICES 350893 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT RECRUITMENT SERVICES 269101 HELIX EDUCATION INC 175 SOUTH WEST TEMPLE SUITE 700 SALT LAKE CITY UT 84101 STUDENT RECRUITMENT SERVICES 248146 CDW GOVERNMENT 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 606751515 TECHNOLOGY SOLUTIONS PROVIDER 194125 18 57817 171603 2912795 3142215 TUITION & FEES 611600 40681881 40681881 AUXILARY SERVICE 611710 5265121 5265121 MISCELLANEOUS 611710 613673 613673 FEES & ASSESSMENTS 611710 237743 237743 STUDENT FEES 611710 42024 42024 46840442 664031 -2007 666038 26723706 26414991 308715 308715 308715 15000 57817 12191 2809 2809 37269 -1873 39142 39142 50997354 46840442 -2007 1016704 18058001 18058001 461667 415500 46167 14761913 13180299 1138757 442857 675310 596283 58864 20163 1008099 890809 87174 30116 1028712 907864 90133 30715 49402 49402 104227 104227 51620 51620 119456 119456 2663294 2454087 173783 35424 520994 319973 201021 872192 637594 168267 66331 897942 869187 23681 5074 178637 139875 31387 7375 1015918 121857 886788 7273 610804 610804 2554709 2472899 67373 14437 368841 50999 317842 CURRENT RESTRICTED 1260057 1246436 13610 11 EQUIPMENT RENTAL & MAIN 1065866 1011440 51505 2921 STUDENT/ATHLETIC/FUNCTI 1003235 950355 8854 44026 BAD DEBT 70592 70592 484457 147527 326111 10819 49885945 44055485 5015131 815329 2550 2950 5290987 6736666 8022381 3559470 1163751 1618134 801550 657820 86017595 34661436 49227043 51356159 20031925 20450028 5729935 7498177 1036404 812796 3321038 3169330 94627564 95861530 2314146 3708663 589773 568533 15777861 15839965 638889 380000 821491 730470 20142160 21227631 X 40506982 42679414 13035520 12259055 20942902 19695430 74485404 74633899 94627564 95861530 X 1111409 -304334 -658580 X 0 1 X 1 1 1 X 4367019 5229437 6865427 6465467 3142215 26069565 4367019 5229437 6865427 6465467 3142215 26069565 3965940 22103625 1031729 550802 529317 561245 664516 3337609 29407174 214252925 0.75160 0.70350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29612897 805456 510769 1075000 80000 29774122 27154721 1650815 1717361 606588 303412 29612897 25124578 2121286 2787497 768961 2109679 27154721 25946589 1077174 -530158 595903 773124 25124578 26784175 741479 -660840 704540 213685 25946589 0.11000 0.73000 0.16000 0 0 1949102 1949102 54631196 23902618 30728578 8858171 3276184 5581987 20579126 7482634 13096492 51356159 PRIVATE EQUITY FUND 5058317 F COLLATERALIZED DEBT OBLIGATION 1268211 F REAL ESTATE 1169691 F ABSOLUTE RETURN FUND 1958 F 7498177 ANNUITIES PAYABLE 32000 DUE TO US GOVT PROGRAM 698470 730470 X 32515697 -304334 -121329 -425663 32941360 18055994 18055994 50997354 31706615 -1873 -1873 31708488 18177457 18177457 49885945 PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2019 AND 2018, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2015 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,873. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -119,456. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 18,058,001. K-1 PASSTHROUGH INCOME -2,007. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE -1,873. LOSS ON SALE OF BOOKSTORE ASSETS PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 18,058,001. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 119,456. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVEN THOUGH THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER IN ACCORDANCE WITH PARAGRAPH 4.03(2)(A) OF REV. PROC. 75-50, THE NONDICSCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE WHICH WE VIEW AS A BROADCAST MEDIA THAT SERVES THE GENERAL PUBLIC. IN ADDITION, THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY, THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE ARCHDIOCESE OF DUBUQUE. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8159400 0 0 0 0 0 0 8159400 0 8159400 1 0 0 1 1 0 X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 PARKWAY SW CEDAR RAPIDS IA 52404 RESEARCH, MAIL, EMAIL 0 95713 51620 44092 95713 51620 44092 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC GOLF OUTING 72817 57817 15000 8228 3963 72817 57817 15000 8228 3963 12191 2809 1 ENDOWED SCHOLARSHIPS 337 643862 ATHLETIC SCHOLARSHIPS 509 1933663 MERIT SCHOLARSHIPS 1693 12090508 OTHER SCHOLARSHIPS 1022 3389968 PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED COMPLETED CUMULATIVE GPA YEAR 1 24 1.70 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 287981 0 0 0 0 0 34395 0 34070 0 356446 0 0 0 BRENDA HAEFNER VP FOR DEVELOPMENT & ALUMNI RELATION 152392 0 0 0 0 0 9378 0 18852 0 180622 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE AND PERSONAL SERVICES IS FOR THE HOUSE THAT MOUNT MERCY UNIVERSITY OWNS AND THE PRESIDENT RESIDES IN WHERE SHE CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND HOLDS COLLEGE RELATED ENTERTAINMENT FUNCTIONS. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. A IOWA FINANCE AUTHORITY 521699886 2016-09-28 10000000 FINANCE ATHLETIC COMPLEX 0 0 0 B CITY OF ROBINS IA 420887558 2018-12-26 8341000 FINANCE BUILDING & EQUIPMENT 0 0 0 A 2259775 10000000 92000 9908000 2016 0 0 1 1 B 8341000 41100 8299900 2018 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 B 0 0 1 0 0 0 USBANK 7.000000000000 0 0 0 0 0 A 1 B 1 FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS IS 250 VOLUNTEERS CONSIST OF BOARD MEMBERS, VOLUNTEERS FOR PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. FORM 990, PART III, LINE 2 MOUNT MERCY UNIVERSITY NOW OFFERS THE DOCTOR OF NURSING PRACTITIONER AND DOCTOR OF MARRIAGE AND FAMILY THERAPY PROGRAMS FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDING TO THE BY-LAWS OF THE UNIVERSITY, PRIOR TO SUBMISSION TO THE BOARD OF TRUSTEES FOR APPROVAL, NAMES FOR INITIAL TRUSTEES WILL BE SUBMITTED TO THE SISTERS OF MERCY. THE SISTERS OF MERCY WILL HAVE THIRTY CALENDAR DAYS TO CONFIRM OR REJECT THE SUBMISSION. CONFIRMATION WILL NOT BE UNREASONABLY REFUSED. IF THE SISTERS OF MERCY DO NOT OBJECT WITHIN THIRTY DAYS OF RECEIPT OF THE SUBMISSION, THE SUBMISSION WILL BE DEEMED TO BE CONFIRMED. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT, PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR BUSINESS AND FINANCE, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, VICE PRESIDENT FOR ENROLLMENT AND MARKETING, VICE PRESIDENT FOR STUDENT SUCCESS, AND VICE PRESIDENT FOR MISSION AND MINISTRY. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -40,818. CHANGE IN VALUE INTEREST RATE SWAPS -619,769. K-1 PASSTHROUGH INCOME 2,007.