GUSTAVUS ADOLPHUS COLLEGE: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- GUSTAVUS ADOLPHUS COLLEGE (EIN 41-0695524)
- Tax period
- 2018-06-01 to 2019-05-31
- Filed
- 2020-03-24
- IRS object ID
- 202040849349300734
- Schema version
- 2018v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-03-24T12:30:34-07:00 | ReturnTs |
| Tax Period End | 2019-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410695524 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GUSTAVUS ADOLPHUS COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GUST | BusinessNameControlTxt |
| Phone | 5079338000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Curtis J Kowaleski | PersonNm |
| Person Title | CFO VP of Finance and Treasurer | PersonTitleTxt |
| Phone | 5079337499 | PhoneNum |
| Signature | 2020-03-24 | SignatureDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 138.236.193.252 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-11-06 18:47:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Curtis J Kowaleski | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $338,807,628 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.gustavus.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1862 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | Gustavus Adolphus College prepares its students for fulfilling lives of leadership and service and is committed to the core values of excellence, community, justice, service, and faith. It is especially known for strong science, writing, music, athletics, and study abroad programs. The College hosts a chapter of Phi Beta Kappa and is internationally recognized for its annual Nobel Conference sanctioned by The Nobel Foundation in Stockholm, Sweden. The students, faculty, administration, staff and Board of Directors believe in a strong, open community where all citizens play a vital role. Gustavus has consistently produced graduates who lead lives of uncommon purpose and passion, and demonstrate that they make their lives count. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 3013 | TotalEmployeeCnt |
| Total Volunteers | 991 | TotalVolunteersCnt |
| Total Gross UBI | $122,148 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$942,401 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $33,245,780 | PYContributionsGrantsAmt |
| CY Contributions Grants | $44,136,006 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $120,948,395 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $126,422,990 | CYProgramServiceRevenueAmt |
| PY Investment Income | $17,769,491 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,994,049 | CYInvestmentIncomeAmt |
| PY Other Revenue | $91,268 | PYOtherRevenueAmt |
| CY Other Revenue | $82,589 | CYOtherRevenueAmt |
| PY Total Revenue | $172,054,934 | PYTotalRevenueAmt |
| CY Total Revenue | $189,635,634 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $54,565,281 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $59,746,234 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $50,217,122 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $51,824,310 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $192,289 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $133,640 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,522,673 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $32,528,966 | PYOtherExpensesAmt |
| CY Other Expenses | $32,856,254 | CYOtherExpensesAmt |
| PY Total Expenses | $137,503,658 | PYTotalExpensesAmt |
| CY Total Expenses | $144,560,438 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $34,551,276 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $45,075,196 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $440,247,418 | TotalAssetsBOYAmt |
| Total Assets EOY | $470,509,183 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $103,559,208 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $104,624,130 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $336,688,210 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $365,885,053 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Gustavus Adolphus College is a church-related, residential liberal arts college firmly rooted in its Swedish and Lutheran heritage. The College offers students of high aspiration and promise a liberal arts education of recognized excellence provided by faculty who embody the highest standards of teaching and scholarship. The College aspires to be a community of persons from diverse backgrounds who respect and affirm the dignity of all people. It is a community where a mature understanding of the Christian faith and lives of service are nurtured and students are encouraged to work toward a just and peaceful world. The purpose of a Gustavus education is to help students attain their full potential as persons, to develop in them a capacity and passion for lifelong learning, and to prepare them for fulfilling lives of leadership and service in society. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $100,884,894 | ExpenseAmt |
| Grant | $59,746,234 | GrantAmt |
| Revenue | $102,352,199 | RevenueAmt |
| Desc | Instruction and Academic Support: Gustavus offers 72 majors in 25 academic departments and 12 interdisciplinary programs, with a student-faculty ratio of 11:1. Total FTE enrollment for academic year 2018-2019 was 2,217, with 523 students graduating in June 2019. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,833,151 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Student Services: Gustavus sponsors 23 varsity athletics teams and more than 39 intramural activities and club sports, along with more than 120 student organizations. Approximately 99% of students are involved in at least one extracurricular activity. Other student services include admission, community-based service learning, career development, peer mentoring, Office of the Chaplains, diversity center, financial assistance, health services, registrar, campus activities and residential life programs. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,457,258 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $23,009,942 | RevenueAmt |
| Desc | Auxiliary Services: As a residential college, Gustavus is committed to residence hall living as a vital complement to its academic program. Approximately 97% of students live in College-owned residences and eat in the College's Dining Service. During Fall 2018, 2052 students lived in College-owned residences. The College bookstore provides textbooks and other educational supplies for students. Other items for sale include: clothing embossed with the College's insignia, books and miscellaneous novelty items. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,084,718 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Gustavus offers a number of activities that enhance the curricular program, including various public service events and miscellaneous services provided to students. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $5,084,718 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $135,260,021 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3314 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3013 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Curtis J Kowaleski | PersonNm |
| Phone | 5079337499 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Jon V Anderson | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Scott P Anderson | |||||||||
| Director/Chair | 2 | 0.50 | Yes (X) | $557 | $0 | $0 | Yes (X) | ||
| Catherine L Asta | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Tracy L Bahl | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Grayce Belvedere-Young | |||||||||
| Director/Vice Chair | 2 | 0 | Yes (X) | $52 | $0 | $0 | Yes (X) | ||
| Kevin D Bergeson | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Suzanne F Boda | |||||||||
| Director/Vice Chair | 2 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Robert D Brown | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Daniel G Currell | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Edward J Drenttel | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Bruce A Edwards | |||||||||
| Director/Vice Chair | 2 | 0 | Yes (X) | $557 | $0 | $0 | Yes (X) | ||
| James H Gale | |||||||||
| Director/Vice Chair | 2 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| John O Hallberg | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Susanne B Heim | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| George G Hicks | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Mary Dee Hicks | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Peter C Johnson | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Paul R Koch | |||||||||
| Director/Vice Chair | 2 | 0 | Yes (X) | $557 | $0 | $0 | Yes (X) | ||
| Dennis A Lind | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Jan Lindman | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| David J Lose | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Gordon D Mansergh | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Janice M Michaletz | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Thomas J Mielke | |||||||||
| Director | 2 | 0 | Yes (X) | $505 | $0 | $0 | |||
| Marcia L Page | |||||||||
| Director | 2 | 0 | Yes (X) | $398 | $0 | $0 | |||
| Craig A Pederson | |||||||||
| Director | 2 | 0 | Yes (X) | $1,790 | $0 | $0 | |||
| Wayne B Peterson | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Dan S Poffenberger | |||||||||
| Director/Chair | 2 | 0.5 | Yes (X) | $557 | $0 | $0 | Yes (X) | ||
| Karl D Self | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Beth S Schnell | |||||||||
| Director | 2 | 0 | Yes (X) | $557 | $0 | $0 | |||
| Ronald C White | |||||||||
| Director | 2 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Heather T Wigdahl | |||||||||
| Director | 2 | 0 | Yes (X) | $1,889 | $0 | $0 | |||
| Rebecca M Bergman | |||||||||
| President | 50 | 0.5 | Yes (X) | $331,712 | $0 | $84,752 | Yes (X) | ||
| Jolene D Christensen | |||||||||
| Secretary | 50 | 0 | $75,857 | $0 | $21,441 | Yes (X) | |||
| Brenda S Kelly | |||||||||
| Provost and Dean of the College | 50 | 0 | $186,437 | $0 | $37,381 | Yes (X) | |||
| Mark J Braun | |||||||||
| Faculty | 50 | 0 | $133,573 | $0 | $78,499 | Yes (X) | |||
| Marcia J Bunge | |||||||||
| Faculty | 50 | 0 | $122,945 | $0 | $24,100 | Yes (X) | |||
| Diane K Lund Dean | |||||||||
| Faculty | 50 | 0 | $127,546 | $0 | $25,862 | Yes (X) | |||
| JoNes R VanHecke | |||||||||
| Vice President for Student Life & Dean of Students | 50 | 0 | $148,383 | $0 | $20,348 | Yes (X) | |||
| Thomas W Young | |||||||||
| Vice President for Institutional Advancement | 50 | 0 | $169,062 | $0 | $86,632 | Yes (X) | |||
| Thomas J Rooney | |||||||||
| Former CFO, Vice President for Finance and Treasurer | 0 | 0 | $225,006 | $0 | $56,990 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,532,953 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $436,005 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Kraus-Anderson Companies Inc | |||||
| 501 South Eighth Street | Minneapolis | MN | 55404 | Construction Services | $20,924,341 |
| Hamilton Lane Advisors LLC | |||||
| One Presidential Blvd 4th Floor | Bala Cynwyd | PA | 19004 | Endowment Consultant | $465,875 |
| Heroic Productions Inc | |||||
| 801 West 106th Street | Minneapolis | MN | 55420 | Conference Services | $445,952 |
| EAB Global Inc | |||||
| 2445 M Street NW | Washington | DC | 20037 | Marketing Services | $419,010 |
| Hastings and Chivetta Architects Inc | |||||
| 622 Emerson Road | Saint Louis | MO | 63141 | Architectural Services | $373,722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $83,981 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $1,780,294 | GovernmentGrantsAmt |
| All Other Contributions | $42,271,731 | AllOtherContributionsAmt |
| Noncash Contributions | $5,154,911 | NoncashContributionsAmt |
| Total Contributions | $44,136,006 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition and Fees | 611310 | $100,274,671 | $100,274,671 | $0 | $0 |
| Residence Halls | 611310 | $13,504,562 | $13,344,374 | $160,188 | $0 |
| Dining Service | 611310 | $7,727,260 | $6,901,749 | $825,511 | $0 |
| Book Mark | 611310 | $1,778,120 | $1,778,120 | $0 | $0 |
| Athletic Facilities | 611310 | $597,627 | $561,453 | $36,174 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,540,750 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,379,626 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $161,124 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $126,422,990 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,547,774 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$1,060,849 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,608,623 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $501 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $501 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,957 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,957 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $165,545,300 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $148,978,034 | SecuritiesAmt |
| Other | $121,492 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,567,266 | SecuritiesAmt |
| Other | -$121,492 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,445,774 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $16,445,774 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $49,600 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $83,981 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $61,171 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,571 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$11,571 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $96,500 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $11,297 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $85,203 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $85,203 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $189,635,634 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $125,239,993 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $122,148 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,137,487 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,746,234 | TotalAmt |
| Program Services | $59,746,234 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $774,540 | TotalAmt |
| Program Services | $230,444 | ProgramServicesAmt |
| Management And General | $544,096 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,485 | TotalAmt |
| Program Services | $84,485 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,013,911 | TotalAmt |
| Program Services | $34,613,161 | ProgramServicesAmt |
| Management And General | $1,576,386 | ManagementAndGeneralAmt |
| Fundraising | $1,824,364 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,311,881 | TotalAmt |
| Program Services | $2,050,028 | ProgramServicesAmt |
| Management And General | $139,346 | ManagementAndGeneralAmt |
| Fundraising | $122,507 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,085,201 | TotalAmt |
| Program Services | $7,234,331 | ProgramServicesAmt |
| Management And General | $429,578 | ManagementAndGeneralAmt |
| Fundraising | $421,292 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,554,292 | TotalAmt |
| Program Services | $2,308,683 | ProgramServicesAmt |
| Management And General | $111,306 | ManagementAndGeneralAmt |
| Fundraising | $134,303 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,103 | TotalAmt |
| Management And General | $111,103 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,532 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $226,019 | ManagementAndGeneralAmt |
| Fundraising | $11,513 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,888 | TotalAmt |
| Management And General | $68,888 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,353 | TotalAmt |
| Management And General | $106,353 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,640 | TotalAmt |
| Fundraising | $133,640 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $576,958 | TotalAmt |
| Management And General | $576,958 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,650,890 | TotalAmt |
| Program Services | $1,516,721 | ProgramServicesAmt |
| Management And General | $86,773 | ManagementAndGeneralAmt |
| Fundraising | $47,396 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $732,387 | TotalAmt |
| Program Services | $732,387 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $653,504 | TotalAmt |
| Program Services | $166,200 | ProgramServicesAmt |
| Management And General | $299,266 | ManagementAndGeneralAmt |
| Fundraising | $188,038 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $713,017 | TotalAmt |
| Program Services | $693,308 | ProgramServicesAmt |
| Management And General | $19,044 | ManagementAndGeneralAmt |
| Fundraising | $665 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,098,747 | TotalAmt |
| Program Services | $3,923,906 | ProgramServicesAmt |
| Management And General | $145,614 | ManagementAndGeneralAmt |
| Fundraising | $29,227 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,441,087 | TotalAmt |
| Program Services | $1,164,145 | ProgramServicesAmt |
| Management And General | $158,936 | ManagementAndGeneralAmt |
| Fundraising | $118,006 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,221 | TotalAmt |
| Program Services | $124,906 | ProgramServicesAmt |
| Management And General | $5,943 | ManagementAndGeneralAmt |
| Fundraising | $11,372 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,771,642 | TotalAmt |
| Program Services | $1,755,705 | ProgramServicesAmt |
| Management And General | $15,937 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,621,481 | TotalAmt |
| Program Services | $6,339,028 | ProgramServicesAmt |
| Management And General | $235,237 | ManagementAndGeneralAmt |
| Fundraising | $47,216 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $633,977 | TotalAmt |
| Program Services | $606,933 | ProgramServicesAmt |
| Management And General | $22,523 | ManagementAndGeneralAmt |
| Fundraising | $4,521 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Dining Service Expenses | $3,308,622 | $3,308,622 | $0 |
| Study Away Expenses | $2,364,271 | $2,364,271 | $0 |
| Academic Expenses | $1,676,050 | $1,609,598 | $66,452 |
| Book Mark Expenses | $1,275,419 | $1,275,419 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,672,105 | TotalAmt |
| Program Services | $3,411,506 | ProgramServicesAmt |
| Management And General | $831,986 | ManagementAndGeneralAmt |
| Fundraising | $428,613 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,560,438 | TotalAmt |
| Program Services | $135,260,021 | ProgramServicesAmt |
| Management And General | $5,777,744 | ManagementAndGeneralAmt |
| Fundraising | $3,522,673 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,996 | BOYAmt |
| EOY | $74,010 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,127,475 | BOYAmt |
| EOY | $53,886,717 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,373,342 | BOYAmt |
| EOY | $47,006,793 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $705,058 | BOYAmt |
| EOY | $681,081 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,914 | BOYAmt |
| EOY | $25,323 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $471,727 | BOYAmt |
| EOY | $505,911 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,788,886 | BOYAmt |
| EOY | $1,652,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $233,895,926 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $127,671,633 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,480,580 | BOYAmt |
| EOY | $106,224,293 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,443,770 | BOYAmt |
| EOY | $139,254,278 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,221,501 | BOYAmt |
| EOY | $77,213,098 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,448,221 | BOYAmt |
| EOY | $1,998,266 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,086,948 | BOYAmt |
| EOY | $41,987,121 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,247,418 | BOYAmt |
| EOY | $470,509,183 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,831,882 | BOYAmt |
| EOY | $19,363,369 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,455,507 | BOYAmt |
| EOY | $3,600,139 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,319,988 | BOYAmt |
| EOY | $66,481,398 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,711,705 | BOYAmt |
| EOY | $2,709,200 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,240,126 | BOYAmt |
| EOY | $12,470,024 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,559,208 | BOYAmt |
| EOY | $104,624,130 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,201,329 | BOYAmt |
| EOY | $100,394,749 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,991,677 | BOYAmt |
| EOY | $109,845,530 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,495,204 | BOYAmt |
| EOY | $155,644,774 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $336,688,210 | BOYAmt |
| EOY | $365,885,053 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,247,418 | BOYAmt |
| EOY | $470,509,183 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $45,075,196 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$15,663,126 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$215,227 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,825,779 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $34,642,429 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,947,211 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $33,245,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,136,006 | CurrentTaxYearAmt |
| Total | $154,797,205 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,825,779 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $34,642,429 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,947,211 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $33,245,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,136,006 | CurrentTaxYearAmt |
| Total | $154,797,205 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $97,862,093 | SubstantialContributorsTotAmt |
| Public Support Total170 | $56,935,112 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,433,160 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,369,704 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,823,724 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,986,623 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,557,232 | CurrentTaxYearAmt |
| Total | $9,170,443 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $41,243 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $186,194 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $44,066 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $288,328 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $49,600 | CurrentTaxYearAmt |
| Total | $609,431 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $164,577,079 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $278,180 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.34595 | PublicSupportCY170Pct |
| Public Support PY170 | 0.36991 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 | FormAndLineReferenceDesc |
| Explanation | Miscellaneous Income | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $106,353 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $106,353 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | Gustavus Adolphus College (the College) 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. The College paid membership dues to MPCC in the amount of $130,862 during the taxable year. MPCC has divided its expenses for its taxable year ending June 30, 2019, 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 nonlobbying activities. MPCC has determined that the amount of the Group 2 expenses represents 80.68% 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, $105,592 of the College's dues were used to pay Group 2 expenses. The amount of lobbying expenses paid from the College's dues was significantly less than that amount. In addition, the College paid membership dues of $9,353 and $1,762 during the taxable year to the National Association of Independent Colleges and Universities and Greater Mankato Growth of which 7%, and 6% or $655 and $106, respectively, was estimated to be used for lobbying expenses. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $591,238 | AssetsIncludedAmt |
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $185,507,796 | BeginningYearBalanceAmt |
| Contributions | $16,019,134 | ContributionsAmt |
| Investment Earnings Or Losses | $2,207,023 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,853,871 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,119,625 | OtherExpendituresAmt |
| Administrative Expenses | $576,958 | AdministrativeExpensesAmt |
| End Year Balance | $195,183,499 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $166,977,567 | BeginningYearBalanceAmt |
| Contributions | $11,400,204 | ContributionsAmt |
| Investment Earnings Or Losses | $14,306,378 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,675,955 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,081,646 | OtherExpendituresAmt |
| Administrative Expenses | $418,752 | AdministrativeExpensesAmt |
| End Year Balance | $185,507,796 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $142,126,277 | BeginningYearBalanceAmt |
| Contributions | $12,340,708 | ContributionsAmt |
| Investment Earnings Or Losses | $18,459,302 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,497,605 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,286,123 | OtherExpendituresAmt |
| Administrative Expenses | $164,992 | AdministrativeExpensesAmt |
| End Year Balance | $166,977,567 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $146,169,621 | BeginningYearBalanceAmt |
| Contributions | $4,057,162 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,029,561 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,374,338 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,524,523 | OtherExpendituresAmt |
| Administrative Expenses | $172,084 | AdministrativeExpensesAmt |
| End Year Balance | $142,126,277 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $138,475,977 | BeginningYearBalanceAmt |
| Contributions | $3,575,474 | ContributionsAmt |
| Investment Earnings Or Losses | $9,677,571 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,195,883 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,190,515 | OtherExpendituresAmt |
| Administrative Expenses | $173,003 | AdministrativeExpensesAmt |
| End Year Balance | $146,169,621 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.15 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.67 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.18 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $676,340 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $955,993 | OtherCostOrOtherBasisAmt |
| Book Value | $1,632,333 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $237,777 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $179,327,352 | OtherCostOrOtherBasisAmt |
| Depreciation | $89,353,331 | DepreciationAmt |
| Book Value | $90,211,798 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $30,604,686 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,503,528 | DepreciationAmt |
| Book Value | $7,101,158 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $22,093,778 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,814,774 | DepreciationAmt |
| Book Value | $7,279,004 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $106,224,293 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Commodity Funds | $304,921 | F |
| Fund of Funds | $71,302,658 | F |
| Funds Held by Others | $5,451,607 | F |
| Other | $153,912 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $77,213,098 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Construction in Progress | $41,230,588 |
| Other Receivables | $390,294 |
| Endowment Investment Sale Receivable | $366,239 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $41,987,121 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities Payable | $9,792,123 |
| U.S. Government Grants Refundable | $2,496,847 |
| Future Interest Discount on Pooled Life Income Funds | $181,054 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,470,024 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $114,273,657 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$15,663,126 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | -$59,698,851 | OtherRevenueAmt |
| Revenue Not Reported | -$75,361,977 | RevenueNotReportedAmt |
| Revenue Subtotal | $189,635,634 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $0 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $189,635,634 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $85,076,814 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $262,610 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $262,610 | ExpensesNotReportedAmt |
| Expenses Subtotal | $84,814,204 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $0 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $59,746,234 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $59,746,234 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $144,560,438 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 4 | The Hillstrom Museum of Art exists as an integral part of the education of Gustavus Adolphus College students. As an important educational and cultural component of the College, the Museum supplements the education of students through its exhibitions and programs, encourages the interdisciplinary study of the arts, and provides a context for understanding the arts in a liberal arts program. |
| Schedule D, Part IV, Line 2b | This includes the actuarial liability of deferred gift funds held for third parties and funds held for various student organizations. |
| Schedule D, Part V, Line 4 | Endowment funds are used for designated and undesignated scholarships, endowed chairs, library acquisitions, faculty development, student research, Nobel Conference and other endowed programs. |
| Schedule D, Part X, Line 2 | The Internal Revenue Service has determined that the College is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, the College is not subject to federal income taxes except to the extent it derives income from certain activities not substantially related to its tax-exempt purposes (unrelated trade or business activities). The College is also exempt from state income tax. The most significant areas that potentially subject the College to unrelated business income tax include hosting conferences and events, various services provided by the dining service to the public and endowment investments. At May 31, 2019 and 2018, the College has no current obligation for unrelated business income tax. The College 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 College for uncertain tax positions as of May 31, 2019 or 2018. The College's tax returns are subject to review and examination by federal and state authorities. |
| Schedule D, Part XI, Line 2d | Adjustment of Actuarial Liability, Scholarships and Grants to Students, Miscellaneous Interdepartmental Adjustments and Fundraising Reclassifications. |
| Schedule D, Part XII, Line 2d | Miscellaneous Interdepartmental Adjustments and Fundraising Reclassifications |
| Schedule D, Part XII, Line 4b | Scholarships and Grants to Students |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The following nondiscrimination policy appears in the all-college policy manual: Within the limits of its facilities, the College shall be open to all applicants who are qualified according to its admission requirements. The College shall make clear to all applicants the characteristics and expectations of students that it considers relevant to its program. Under no circumstances may an applicant be denied admission or financial aid because of race, color, creed, religion, age, sex, sexual orientation, national origin, marital status, disability, veteran status, status with regard to public assistance or other categories protected by federal, state or local anti-discrimination laws. Financial aid administered by the College shall be disbursed on the basis of financial need and academic promise and/or academic ability. |
| Schedule E, Part I, Line 6 | Gustavus received student financial aid assistance from the State of Minnesota and U.S. Department of Education. The College also received other grants from the U.S. Government through programs from National Science Foundation, National Endowment for the Humanities, Department of Commerce and Environmental Protection Agency. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (15 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | January Term-149 Students | $869,622 |
| South America | 0 | 0 | Program Services | January Term-7 Students | $28,671 |
| East Asia and the Pacific | 0 | 0 | Program Services | January Term-21 Students | $55,128 |
| Sub-Saharan Africa | 0 | 0 | Program Services | January Term-18 Students | $84,773 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | Student Teaching-3 Students | $13,785 |
| Central America and the Caribbean | 0 | 0 | Program Services | Study Abroad-11 Students | $46,068 |
| East Asia and the Pacific | 0 | 0 | Program Services | Study Abroad-12 Students | $209,428 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | Study Abroad-53 Students | $781,045 |
| Middle East and North Africa | 0 | 0 | Program Services | Study Abroad-1 Student | $14,542 |
| North America (including Canada and Mexico, but not the United States) | 0 | 0 | Program Services | Study Abroad-2 Students | $1,328 |
| Russia and the newly independent States | 0 | 0 | Program Services | Study Abroad-3 Students | $53,750 |
| South America | 0 | 0 | Program Services | Study Abroad-8 Students | $117,183 |
| South Asia | 0 | 0 | Program Services | Study Abroad-1 Student | $20,670 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Study Abroad-1 Student | $4,925 |
| Central America and the Caribbean | 0 | 0 | Investments | $9,828,386 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Spent | $12,129,304 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 1 | Part I, Line 1 has been checked "yes" and a narrative for Part I, Line 2 provided (below) even though Core Form Part IV, Line 16 is checked "no". Those disclosures reflect that the College's students who study outside of the U.S. continue to receive financial aid that they are eligible for were they on-campus students. When a student takes a J-Term or one or more semesters abroad, financial aid funds are typically disbursed when the student is still in the U.S. and thus such funds technically are not the subject of Part I, Lines 1 and 2 (and, accordingly, are not reportable on Schedule F, Part III). The disclosures at Lines 1 and 2 are made in favor of transparency and reflect that the College employs a different monitoring mechanism in such instances than that reported on Schedule I. |
| Schedule F, Part I, Line 2 | The College offers grants in the form of need or merit based scholarships to students who are studying outside of the United States. Before the grant or award is available and disbursed, the Center for International and Cultural Education must approve any program that a student is participating in. Once the grant has been disbursed to the student's account for the study away program, the Center for International and Cultural Education maintains contact with the host institution to monitor the student's attendance and notifies the Financial Assistance office and Student Accounts office if a student withdraws from the study away program. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Reeher LLC | ||||||||
| VB Box 159 PO Box 9202 | Minneapolis | MN | 554809202 | Advancement Consultant | 0 | $0 | $67,420 | -$67,420 |
| Bentz Whaley Flessner and Associates Inc | ||||||||
| 7251 Ohms Lane | Minneapolis | MN | 55439 | Advancement Consultant | 0 | $0 | $32,913 | -$32,913 |
| Wilson-Bennett Technology Inc | ||||||||
| PO Box 717 | Cabot | AR | 72023 | Software Calling System | 0 | $0 | $26,397 | -$26,397 |
| Evangelical Lutheran Church in America | ||||||||
| PO Box 71256 | Chicago | IL | 606941256 | Lutheran Planned Giving Partnership Fee | 0 | $0 | $6,910 | -$6,910 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $0 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $133,640 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$133,640 | TotalNetToOrganizationAmt |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | AZ | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | SD | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Football Golf | Event1Nm |
| Gross Receipts Event1 | $41,258 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $27,179 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $14,079 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $0 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $8,188 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $5,782 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $3,383 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $0 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $1,595 | OtherDirectExpensesEvent1Amt |
| Event2 | Basketball Golf | Event2Nm |
| Gross Receipts Event2 | $23,280 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $14,502 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $8,778 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $0 | CashPrizesEvent2Amt |
| Non Cash Prizes Event2 | $960 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $4,380 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $1,356 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $0 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $5 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 6 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $69,043 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $42,300 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $26,743 | GrossRevenueOtherEventsAmt |
| Cash Prizes Other Events | $0 | CashPrizesOtherEventsAmt |
| Non Cash Prizes Other Events | $5,983 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $20,926 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $7,992 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $0 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $621 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $133,581 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $83,981 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $49,600 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $0 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $15,131 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $31,088 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $12,731 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $0 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $2,221 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $61,171 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$11,571 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $96,500 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $10,397 | CashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $900 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 0.95 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $96,500 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $10,397 | CashPrizesTotalGamingAmt |
| Non Cash Prizes Total Gaming | $0 | NonCashPrizesTotalGamingAmt |
| Rent Fclty Costs Total Gaming | $0 | RentFcltyCostsTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $900 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $11,297 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $85,203 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | MN | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1 | GamingOwnFacilityPct |
| Gaming Other Facility | 0 | GamingOtherFacilityPct |
| Individual With Books | Rebecca M Bergman | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | Laura T Kelly | GamingManagerPersonNm |
| Gaming Manager Compensation | $250 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | The gaming manager's responsibilities include supervising, recordkeeping, money counting, making bank deposits for the raffle and ordering raffle tickets. | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
| Distributed | $0 | DistributedAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Merit-Based Student Financial Assistance | 833 | $18,150,178 |
| Need-Based Student Financial Assistance | 1234 | $38,392,321 |
| International Student Financial Assistance | 99 | $3,203,735 |
| Tuition Benefit Student Financial Assistance | 74 | $3,183,168 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Gustavus offers both merit-based and need-based scholarship assistance. Merit-based scholarships do not require a student to demonstrate financial eligibility and must be awarded during the Admission process. They also may be awarded as part of a need-based financial aid package. To be renewed, the student needs to maintain the established minimum standards. Need-based scholarships are offered to students who demonstrate financial eligibility by filing the FAFSA. The offered amounts can vary from year to year as determined by the family's Estimated Family Contribution (EFC) on the FAFSA and availability of funds. The Registrar's office monitors any changes to a student's enrollment status. Any changes are communicated to the Student Accounts office and the Financial Assistance office to ensure funds are being properly disbursed. Also see Schedule F, Part V with respect to monitoring of students taking J-Term or semester studies outside of the United States. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rebecca M Bergman | ||||||||||||||
| President | $316,250 | $0 | $0 | $0 | $15,462 | $0 | $60,087 | $0 | $24,665 | $0 | $416,464 | $0 | $0 | $0 |
| Mark J Braun | ||||||||||||||
| Faculty | $127,377 | $0 | $0 | $0 | $6,196 | $0 | $9,424 | $0 | $69,075 | $0 | $212,072 | $0 | $0 | $0 |
| Brenda S Kelly | ||||||||||||||
| Provost and Dean of the College | $184,922 | $0 | $0 | $0 | $1,515 | $0 | $13,415 | $0 | $23,966 | $0 | $223,818 | $0 | $0 | $0 |
| Diane K Lund Dean | ||||||||||||||
| Faculty | $127,129 | $0 | $0 | $0 | $417 | $0 | $9,424 | $0 | $16,438 | $0 | $153,408 | $0 | $0 | $0 |
| Thomas J Rooney | ||||||||||||||
| Former CFO, Vice President for Finance and Treasurer | $105,367 | $0 | $0 | $0 | $119,639 | $0 | $8,882 | $0 | $48,108 | $0 | $281,996 | $0 | $90,833 | $0 |
| JoNes R VanHecke | ||||||||||||||
| Vice President for Student Life & Dean of Students | $147,408 | $0 | $0 | $0 | $975 | $0 | $10,538 | $0 | $9,810 | $0 | $168,731 | $0 | $0 | $0 |
| Thomas W Young | ||||||||||||||
| Vice President for Institutional Advancement | $165,820 | $0 | $0 | $0 | $3,242 | $0 | $12,466 | $0 | $74,166 | $0 | $255,694 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | As part of President Bergman's contract she is required to reside in the College-owned, on campus residence at the College's expense. The College pays for all maintenance and operating expenses of the house, including, but not limited to, housekeeping, grounds keeping, general maintenance and all utilities. The President's residence is available for College-related business and entertainment on a regular and continuing basis. This benefit is excluded from taxable income pursuant to IRC Section 119(a). The College provided for travel for companions in connection with the June 2018 Gustavus Board of Directors meeting in Sweden. Participants included Officers Brenda Kelly and Jolene Christensen, Thomas Young, and participating Board Directors Jon Anderson, Scott Anderson, Catherine Asta, Tracy Bahl, Grayce Belvedere-Young, Edward Drenttel, Bruce Edwards, James Gale, George Hicks, Paul Koch, Dennis Lind, Jan Lindman, Janice Michaletz, Thomas Mielke, Marcia Page, Craig Peterson, Dan Poffenberger, Beth Schnell and Heather Wigdahl. Employee travel for companion amounts were grossed up and included in their taxable income. |
| Schedule J, Part I, Line 3 | The President's compensation is reviewed annually by the executive committee of the Board of Directors in accordance with College's By-Laws using compensation data from comparable institutions. The results of this review are not currently documented in the executive committee minutes. However, the committee has implemented new procedures to document this deliberation process and final approval of the President's annual compensation package in fiscal year 2020. |
| Schedule J, Part I, Line 4 | President Bergman has a supplemental nonqualified retirement plan that has been approved by the Board of Directors. The terms of this plan are set forth in the written contract of the President that has been signed by the Chair of the Board of Directors and amounted to $37,950 for the year. Rooney-severance of $90,833. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Minnesota Higher Education Facilities Authority | ||||||||
| A | 410988525 | 60416HD27 | 2013-07-30 | $11,610,060 | See Part VI | 0 | 0 | 0 |
| Minnesota Higher Education Facilities Authority | ||||||||
| B | 410988525 | 60416H4Y7 | 2017-09-07 | $58,087,076 | See Part VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,940,000 | $0 | $11,610,060 | $0 | $0 | $0 | $160,060 | $0 | $0 | $0 | $11,450,000 | $0 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $260,000 | $0 | $58,087,076 | $0 | $0 | $0 | $534,253 | $0 | $0 | $20,000,000 | $37,552,823 | 2019 | Yes (1) | Yes (1) | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | ||
| Bayern LB New York | |||||||||||
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | 0 | Yes (1) | 1.4 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part I, Column e-07/30/2013 11,610,060 Minnesota Higher Education Facilities Authority | Finance refunding of 5-X bonds issued October 7, 2004 to construct and furnish a new apartment complex, complete the installation of fire sprinkler systems in existing residence halls and renovate Old Main. |
| Schedule K, Part I, Column e-09/07/2017 58,087,076 Minnesota Higher Education Facilities Authority | Finance refunding of 7-B bonds (issued August 5, 2010 for construction, furnishing and equipping of Beck Academic Hall and development of new west mall) and to construct, expand and renovate Nobel Hall of Science and Schaefer Fine Arts Center. |
| Schedule K, Part IV, Line 2c-07/30/2013 11,610,060 Minnesota Higher Education Facilities Authority | The rebate calculation was performed on October 9, 2017. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| 1 | |||
| - | $32,570 | Tuition Exchange | Tuition Benefit |
| 2 | |||
| - | $71,160 | Merit Scholarship | Student Financial Assistance |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Kristianne R Westphal | |||
| Former Officer Westphal Spouse | $84,485 | Salary and Benefits | 0 |
| KW Associates Incorporated | |||
| Former Officer Westphal-Owner | $111,103 | Management Services | 0 |
| Catherine Asta and Richard Black | |||
| Director & Director Spouse | $47,361 | Apartment Rental Fiscal Agent | 0 |
| Substantial Contributor | |||
| Substantial Contributor | $324,593 | Video Services for Events | 0 |
| Substantial Contributor | |||
| Substantial Contributor | $26,829,184 | Construction Contractor | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV | FormAndLineReferenceDesc |
| Explanation | Line 3: The College has a property management agreement with a current member of the Board of Directors and her husband. Under this agreement, the College rents apartment units to current students. The College serves as fiscal agent on the property and is responsible for all maintenance, repairs and capital improvements. The remaining balance at the end of each fiscal year is paid to the College as a management fee. During the year ended May 31, 2019, the College billed students $444,140 and paid expenses of $396,779, resulting in a management fee of $47,361. The agreement is in full force until May 31, 2023, and shall continue thereafter on successive five year terms, through May 31, 2032 unless sooner terminated by the College or the owner. During the year ended May 31, 2019, one unit under this agreement was transferred to the ownership of the College. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 37 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,913,911 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Average High/Low | MethodOfDeterminingRevenuesTxt |
Real Estate Commercial RealEstateCommercialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $241,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Qualified Independent Appraisal | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 1 | It is the College's policy to aggregate multiple gifts occurring on the same day as one contribution. |
| Schedule M, Part I, Line 32b | The College uses several brokers to sell publically traded securities that are gifted to the College. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4a | With the exception of auxiliary services revenue reported on Line 4c, all grants expense and program revenue receipts have been included on 4a since students are billed a comprehensive fee and an allocation by program service achievement area is not practical. |
| Form 990, Part VI, Section A, Line 1a | The executive committee shall consist of the Chair; each Vice Chair; the President; the Secretary, if the Secretary is a director; the immediate past Chair for one year after leaving office, if the immediate past Chair continues to be a director; the President of the Gustavus Adolphus College Association of Congregations; and up to four and not fewer than two additional directors elected at the annual meeting for one-year terms. The Secretary, even if not a member, shall attend executive committee meetings in order to take minutes, unless the committee determines that the matters under consideration would render such attendance inappropriate. The executive committee shall undertake any duties assigned to it by the Board; assists the Chair and the President with their shared responsibility for effective Board operations by, among other things, participating in the preparation of Board meeting agendas; and take any action for the Board that the executive committee determines must be taken before the Board meets again, endeavoring always to preserve for the Board the fullest possible flexibility for addressing the matter at its next meeting. The committee shall have the authority to act for the Board on all matters except for the following, which are reserved for the Board; presidential selection and termination; director and Board officer elections, changes in institutional mission and purpose and changes to the Articles of Incorporation or the Bylaws. The executive committee shall provide to all directors prior to each Board meeting minutes of all executive committee meetings that have taken place since the previous Board meeting, and such minutes disclose all action as taken by the executive committee. |
| Form 990, Part VI, Section A, Line 1b | Two directors have dependents at the College who receive financial aid. One director is employed by the College and one director has a reportable business transaction with the College. See Schedule L for disclosures. |
| Form 990, Part VI, Section A, Line 2 | Directors Marcia Page and George Hicks - Business Relationship, Directors Marcia Page and Edward Drenttel - Business Relationship, Directors Mary Dee Hicks and George Hicks - Family Relationship. |
| Form 990, Part VI, Section A, Line 3 | KW Associates Incorporated performed management duties for the College during the year ended May 31, 2019. These duties included having primary responsibility for managing the College's finances, including planning, management of financial risks, record-keeping and financial analysis and reporting. Former officer Kenneth C. Westphal is the controlling owner of KW Associates Incorporated. |
| Form 990, Part VI, Section A, Line 7a | The Board of Directors membership is established as follows: Board Composition - The Board of Directors shall consist of no fewer than twenty-eight and no more than thirty-four directors. All directors shall have equal voting rights. Ex Officio Directors - So long as they hold office, the President of the College, the Bishop of the Southwestern Minnesota Synod of the ELCA, and the President of the Gustavus Adolphus College Association of Congregations (the "Association") shall be directors. Alumni Association Directors - The Board of Directors of the Gustavus Adolphus College Alumni Association, acting in consultation with the Board, shall be entitled to appoint two Alumni Association directors, each of whom may serve as an Alumni Association director for up to four consecutive years. ELCA Director - The ELCA may designate as a director a member of the churchwide staff with responsibility for higher education. Elected Directors - Elected directors of the Board shall be elected by the Association at its annual meeting. The Board shall serve as the nominating committee to the Association for the selection of candidates to serve as elected directors of the Board. The composition of the elected directors of the Board shall be no fewer than twenty-four (24) and no more than twenty-eight (28) directors. At least twelve (12) elected directors, the exact number to be determined by the Board, shall be at-large directors nominated by the Board and elected by the Association without contest. At least twelve (12) but no fewer than half of the elected directors must be members of congregations that are members of the Association, and at least four of these must be rostered ELCA clergy. Term - Elected directors shall serve three-year terms, beginning with the call to order of the Board's annual meeting and ending with the call to order of the Board's annual meeting three years later. To the extent possible, the Board should stagger elections so that the terms of approximately one-third of elected directors expire each year. Nomination - Before the Association's annual meeting each year, the Board of Directors shall nominate a slate of candidates for election. |
| Form 990, Part VI, Section B, Line 11b | Federal Form 990 (the 990) was prepared by the Director of Tax and reviewed by the Controller and CFO, Vice President for Finance and Treasurer. On January 30, 2020, a draft of the 990 was distributed to the Board of Directors. Inquiries from the Directors were communicated to the Audit Committee chair and discussed at the Audit Committee meeting. In addition, a summary of all disclosures relating to the Conflict of Interest policy from the annual representation letters (Directors) and the questionnaires (Directors, officers and other interested persons) was presented to the Audit Committee for their review. On February 12, 2020, the Audit Committee of the Board of Directors reviewed and accepted the draft 990 for filing with the IRS. |
| Form 990, Part VI, Section B, Line 12c | The College has a written conflict of interest policy that pertains to its employees. This policy is one of several "All College Policies" that are published on the College's website. The conflict of interest policy is designed to help officers and employees of the College identify situations that present potential conflicts of interest, along with following written procedures in the event that there is a conflict of interest. The policy is intended to comply with the procedure prescribed in Minnesota Statutes, Section 317A.255, and governing conflicts of interest to nonprofit corporations. The President and the CFO, Vice President of Finance and Treasurer monitor and enforce the College's conflict of interest policy relating to its employees. In addition, a questionnaire is completed by all officers and other interested persons on an annual basis that documents any activity that could give rise to conflicts of interest. These questionnaires are reviewed by the President and the CFO, Vice President of Finance and Treasurer. The College has a separate written conflict of interest policy that pertains to all members of the Board of Directors. The policy discloses the importance of exercising integrity and objectivity in making decisions. It further provides disclosure requirements and procedures for abstaining and documentation of meeting minutes when there is a conflict of interest. In May 2019, the Chair of the Board of Directors requested that the President's Office distribute this policy to all Directors, along with an annual representation letter, indicating that the director has read, understands and discloses whether or not there are any circumstances leading to a conflict of interest. At the May 2019 Board of Directors meeting, the Chair of the Board of Directors requested that all Directors read the conflict of interest policy, determine if they had any questions, and complete the annual representation letter on a timely basis. From a governance perspective, the Audit Committee of the Board of Directors is specifically charged with overseeing compliance with this policy. Chairs of individual committees are charged with following the procedures for voting when there is a conflict of interest, along with documentation of those procedures in the meeting minutes. All Directors complete the questionnaire described above in the first paragraph and return them to the CFO, Vice President of Finance and Treasurer. |
| Form 990, Part VI, Section B, Line 15 | The President's compensation is reviewed annually by the executive committee of the Board of Directors in accordance with College's By-Laws using compensation data from comparable institutions. It was last reviewed in December 2018. The results of this review are not currently documented in the executive committee minutes. However, the committee has implemented new procedures to document this deliberation process and final approval of the President's compensation package in fiscal year 2020. The President reviews compensation surveys and the compensation of all vice presidents on an annual basis in accordance with the College's By-Laws. The President approves and signs all vice president contracts annually. The compensation of all interested persons on Schedule L, Part IV is reviewed by independent persons. |
| Form 990, Part VI, Section C, Line 19 | The audited financial statements of the College for the year ended May 31, 2019 are found on the College's website. The following documents are found on the College's website and are also available for public inspection in the President's Office, located in the Carlson Administration Building on the campus in St. Peter, MN: Articles of Incorporation, Bylaws and Conflict of Interest Policy. |
| Form 990, Part XI, Line 9 | Adjustment of Actuarial Liability |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tennis and Life Camps LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Summer Camp | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Total Income | $1,003,561 | TotalIncomeAmt |
| End Of Year Assets | $734,294 | EndOfYearAssetsAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Greater Gustavus Fund | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 West College Avenue | AddressLine1Txt |
| City | Saint Peter | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 416038632 | EIN |
| Primary Activities | Fundraising | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 11, I | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Beneficial Interest in Funds Held in Trust (21) | |||||||||||
| Names and EINs Withheld | Saint Peter | MN | 56082 | Investment | MN | N/A | T | $64,484 | $4,273,596 | 1 | 0 |
| Charitable Remainder Annuity Trust (1) | |||||||||||
| Name and EIN Withheld | Saint Peter | MN | 56082 | Investment | MN | N/A | T | 0 | |||
| Charitable Remainder Unitrusts (28) | |||||||||||
| Names and EINs Withheld | Saint Peter | MN | 56082 | Investment | MN | N/A | T | 0 | |||
| Pooled Life Income Fund | |||||||||||
| 800 West College Avenue | Saint Peter | MN | 56082 | Investment | MN | N/A | T | 0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pooled Life Income Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | k | TransactionTypeTxt |
| Involved | $148,828 | InvolvedAmt |
| Method Of Amount Determination | Cash Paid | MethodOfAmountDeterminationTxt |