2019-05-14T11:04:34-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH STREET STE 2300 MINNEAPOLIS MN 55402 990 2017-07-01 941156599 SAINT MARY'S COLLEGE OF CALIFORNIA SAIN 9256314571 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 SUSAN COLLINS VP FOR FINANCE & ADMINISTRATIO 9256314571 2019-05-02 1 LAWRENCE H MOHR CPA P00447603 6128264500 38.88.188.75 2019-05-02 08:25:37 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 42991B41A32A13F77B110C5B470B2D73D8292482 2017 2019-02-21 02:37:17Z JAMES A DONAHUE 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 202550717 0 X WWW.STMARYS-CA.EDU X 1863 CA AN INSTITUTION OF HIGHER EDUCATION THAT GRANTS ASSOCIATE, BACCALAUREATE, AND MASTERS DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS ADMINISTRATION AND EDUCATION, AS WELL AS A DOCTORATE IN EDUCATION. 27 24 2530 24 267475 43638 12275461 11538156 167979114 174438373 7145967 11544298 798708 1228065 188199250 198748892 50662886 56394533 0 0 89135878 84574138 110000 84975 5351204 48540899 48119434 188449663 189173080 -250413 9575812 343433745 346200058 106755355 96676602 236678390 249523456 X SAINT MARY'S COLLEGE OF CALIFORNIA INVITES YOU TO PASSIONATELY EMBRACE KNOWLEDGE, THE CHALLENGES OF SCHOLARSHIP, AND THE CAPACITY TO MAKE LASTING CHANGE IN THE WORLD. THE FOUNDATION FOR THIS IS OUR MISSION. TO PROBE DEEPLY THE MYSTERY OF EXISTENCE BY CULTIVATING THE WAYS OF KNOWING AND THE ARTS OF THINKING. TO AFFIRM AND FOSTER THE CHRISTIAN UNDERSTANDING OF THE HUMAN PERSON WHICH ANIMATES THE EDUCATIONAL MISSION OF THE CATHOLIC CHURCH. TO CREATE A STUDENT-CENTERED EDUCATIONAL COMMUNITY WHOSE MEMBERS SUPPORT ONE ANOTHER WITH MUTUAL UNDERSTANDING AND RESPECT. 0 0 159722656 56394533 174422626 HIGHER EDUCATION: INSTRUCTION, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY, ART MUSEUM, RESIDENCE HALLS, DINING, INTERCOLLEGIATE ATHLETICS FOR OVER 4,000 STUDENTS. 159722656 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 274 4 1 2530 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 27 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AR CT ME MN MS MO NY UT VA WV AK AZ DC MD MI NH OR WA X X JEANNE DEMATTEO 9256314571 1928 ST MARYS RD PMB 4200 MORAGA CA 94575 JAMES DONAHUE PRESIDENT 40.00 X X 413963 0 53195 KEVIN NAGLE CHAIR 1.00 X X 0 0 0 KEVIN C CASEY EICHLER SECRETARY 1.00 X X 0 0 0 JOHN M ARNAUDON TRUSTEE 1.00 X 0 0 0 ERIC FLOWERS EMBA TRUSTEE 1.00 X 0 0 0 KEVIN FLYNN TRUSTEE 1.00 X 0 0 0 MARGARET FRENCH ISAAC TRUSTEE 1.00 X 0 0 0 BROTHER JAMES GAFFNEY FSC TRUSTEE 1.00 X 0 0 0 LAURA GARCIA TRUSTEE 1.00 X 0 0 0 BROTHER CHARLES HILKEN TRUSTEE/PROFESSOR 40.00 X 0 0 0 BROTHER DONALD JOHANSON TRUSTEE 1.00 X 0 0 0 BROTHER THOMAS JONES TRUSTEE/PSYCHOLOGIST 40.00 X 0 0 0 PETER KELLY TRUSTEE 1.00 X 0 0 0 ELLEN KRUGER TRUSTEE 1.00 X 0 0 0 MARK MADGETT TRUSTEE 1.00 X 0 0 0 BROTHER WILLIAM MANN TRUSTEE 1.00 X 0 0 0 TIMOTHY MCCAFFERY TRUSTEE 1.00 X 0 0 0 CHARLES MOORE TRUSTEE 1.00 X 0 0 0 RAND MORIMOTO TRUSTEE 1.00 X 0 0 0 JOSEPH MOTTA TRUSTEE 1.00 X 0 0 0 SHARON SANNER MUIR TRUSTEE 1.00 X 0 0 0 ELIZABETH PHELAN TRUSTEE 1.00 X 0 0 0 JAMES QUANDT TRUSTEE 1.00 X 0 0 0 BROTHER GUSTAVO RAMIREZ TRUSTEE 1.00 X 0 0 0 BROTHER STAN SOBCZYK TRUSTEE 1.00 X 0 0 0 BRIAN STEVENS TRUSTEE 1.00 X 0 0 0 KIMBERLY VOGEL TRUSTEE 1.00 X 0 0 0 HERNAN BUCHELLI LECARO VICE PROVOST FOR ENROLLMENT & COMMUNICATIONS 40.00 X 199271 0 36201 JANE CAMARILLO VICE PROVOST, STUDENT LIFE 40.00 X 166281 0 31469 SUSAN COLLINS VICE PRESIDENT FOR FINANCE & ADMINISTRATION 40.00 X 336754 0 16190 BETHAMI ANN DOBKIN PROVOST (THROUGH 1/31/2018) 40.00 X 334164 0 56490 LISA MOORE VICE PRESIDENT, DEVELOPMENT 40.00 X 225732 0 29789 CAROLE L SWAIN VICE PRESIDENT FOR MISSION 40.00 X 164490 0 29727 CHRISTOPHER SINDT VICE PROVOST FOR ACADEMIC AFFAIRS 40.00 X 176085 0 44641 MICHAEL MATOSO ATHLETIC DIRECTOR 40.00 X 102545 0 22233 MARGARET KASIMATIS PROVOST (STARTING 2/1/2018) 40.00 X 0 0 0 ZHAN LI DEAN, SCHOOL OF ECONOMICS AND BUSINESS 40.00 X 274415 0 27878 RANDALL BENNETT HEAD COACH, MEN'S BASKETBALL 40.00 X 701125 0 89153 MARTIN CLARKE ASSISTANT COACH, MEN'S BASKETBALL 40.00 X 216534 0 46068 SANKARAN VENKATESWAR ASSOCIATE PROFESSOR 40.00 X 192007 0 30775 RONALD OLOWIN PROFESSOR 40.00 X 184982 0 18207 SHEILA HUGHES DEAN, SCHOOL OF LIBERAL ARTS 40.00 X 173853 0 45751 RICHARD CARP PROFESSOR/FORMER VICE PROVOST, ACADEMIC AFFAIRS 40.00 X 179188 0 32132 4041389 0 609899 174 1 1 0 SODEXO INC FOOD SERVICE MANAGEMENT NO 43283 LOS ANGELES CA 90088 CATERING/FOOD SERVICE 5616373 ABLE BUILDING MAINTENANCE CO DEPT 34651 PO BOX 39000 SAN FRANCISCO CA 94139 JANITORIAL 2545721 KRT MARKETING INC 3685 MT DIABLO BLVD STE 225 LAFAYETTE CA 94549 MARKETING 1082808 LABOR UNLIMITED INC 4505 DISCOVERY POINT DISCOVERY BAY CA 94505 ELECTRICAL WORK 1061483 STATEWIDE CALIFORNIA ELECTRONIC LIBRARY 617 S OLIVE ST 1210 LOS ANGELES CA 90014 ONLINE BOOKS & PERIODICALS 760798 32 146818 11391338 660092 11538156 TUITION AND FEES 541900 145514570 145514570 AUXILIARY INCOME 611710 24325423 24325423 ATHLETICS 711210 2247843 2247843 GRANT AND CONTRACT REVENUE 541900 1677023 1677023 OTHER PROGRAM SERVICE REVENUE 611710 673514 657767 15747 174438373 4069841 251728 3818113 905360 905360 190697 8252 182445 182445 182445 11094415 3619958 7474457 7474457 7474457 234263 146818 152115 82148 82148 75479 21500 53979 53979 LAUNDRY MACHINE 523000 4133 4133 4133 198748892 174422626 267475 12520635 56394533 56394533 2562647 452080 1857358 253209 62326907 52428675 6833349 3064883 3514141 2956055 385281 172805 11315181 6577725 4263428 474028 4855262 4084191 532317 238754 612315 612315 121435 121435 84975 84975 799700 799700 10974189 9633491 1138806 201892 2061973 1031207 717209 313557 1980579 1445789 387993 146797 3281552 1320712 1958223 2617 5772915 5250839 522076 4212261 4200645 11616 465056 297633 87513 79910 2686195 2008893 677302 7344367 6208841 1135526 1514123 287892 1226231 MISCELLANEOUS 6292774 5143455 831542 317777 189173080 159722656 24099220 5351204 13596879 4893318 10105970 8899576 2287393 3210163 1753898 1860120 2885475 2779597 252165058 122864759 131366932 129300299 160925288 182677837 20144630 12203344 367280 375804 343433745 346200058 12336256 10323049 5274901 5983384 58555962 57299260 315000 210000 30273236 22860909 106755355 96676602 X 79370172 97255387 54124619 47791193 103183599 104476876 236678390 249523456 343433745 346200058 X 9575812 99475 3169779 X 0 1 X 1 1 1 X X 0 176881118 2343267 10653460 7518987 2500000 179958859 162260055 3244347 21619403 7742687 2500000 176881118 167804707 1394074 655432 7594158 162260055 164267253 3588385 6750617 6801548 167804707 141697521 3554195 25455003 6439466 164267253 0.22000 0.58000 0.20000 0 0 1336000 1336000 206864371 99773489 107090882 17205725 8175519 9030206 19438999 14915751 4523248 7319963 7319963 129300299 FEDERAL GOVERNMENT GRANTS REFUNDABLE 1641208 LIABILITY UNDER TRUST AGREEMENTS 2024971 ASSET RETIREMENT OBLIGATIONS 2689820 POST RETIREMENT BENEFITS PAYABLE 4750665 INTEREST RATE SWAP PAYABLE 11754245 22860909 X 144823913 99475 -53224754 -53125279 197949192 799700 799700 198748892 131978847 0 131978847 799700 56394533 57194233 189173080 PART III, LINE 1A: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH, OR PUBLIC EXHIBITION RATHER THAN FOR SALE, ARE NOT RECOGNIZED OR CAPITALIZED. SIGNIFICANT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NOT HELD AS A PART OF A COLLECTION ARE RECORDED AS REVENUE AND ASSETS AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF RECEIPT BASED UPON APPRAISALS OR SIMILAR VALUATIONS. PART III, LINE 4: THE MUSEUM'S MISSION IS TO PLAY A LEADING ROLE AT SAINT MARY'S COLLEGE IN ADVANCING ACADEMIC EXCELLENCE IN AND GREATER COLLABORATION WITH THE ARTS THROUGH DEEP ENGAGEMENT AMONG OUR STUDENTS, FACULTY, STAFF, ALUMNI, DONORS, MEMBERS, AND THE GREATER BAY AREA ARTS COMMUNITY. PART V, LINE 4: THE INTENDED USES FOR THE COLLEGE'S ENDOWMENT FUNDS INCLUDE SCHOLARSHIPS, SUPPORT OF ACADEMIC PROGRAMS, AND FACULTY DEVELOPMENT. PART X, LINE 2: THE COLLEGE QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION ON RELATED SOURCES OF INCOME. THE COLLEGE IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME AND AN APPROPRIATE PROVISION FOR ANY SUCH TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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 JUNE 30, 2018 AND 2017. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 76,861. UNREALIZED GAIN/LOSS ON INTEREST RATE EXCHANGE 3,092,918. FINANCIAL AID AWARDS -56,394,533. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 56,394,533. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE REGULARLY ADVERTISES ITS PROGRAMS AND POSITIONS AVAILABLE AT THE COLLEGE IN NEWSPAPERS. THESE ADVERTISEMENTS ALWAYS CONTAIN LANGUAGE PUBLICIZING OUR RACIALLY NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE UNITED STATES DEPARTMENT OF EDUCATION IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL WORK STUDY, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, NATIONAL SCIENCE AND MATHEMATICAL ACCESS TO RETAIN TALENT GRANTS, ACADEMIC COMPETITIVENESS GRANTS, AND PERKINS LOANS. NORTH AMERICA 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 37579 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 6442 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 145130 EUROPE 0 0 PROGRAM SERVICES TUITION, HOUSING, AND TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 644226 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 27582 SOUTH ASIA 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 52260 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 0 0 PROGRAM SERVICES TRAVEL EXPENSES FOR STUDY ABROAD PROGRAM 54498 0 0 0 0 0 0 967717 0 967717 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL SCHEDULE F, PART IV, LINE 4 THE COLLEGE INVESTS IN LIMITED PARTNERSHIPS. SOME OF THESE PARTNERSHIPS HAVE INDICATED TO THE COLLEGE THAT THEY HAVE INVESTED IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, EITHER THE PARTNERSHIPS HAVE FILED THE REQUIRED FORM 8621, OR THE PFIC'S DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS THE COLLEGE IS NOT REQUIRED TO FILE FORM 8621. X X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 2239 BILL FOSTER MEMORIAL HWY W CABOT AR 72023 TELEMARKETING 0 88075 84975 3100 88075 84975 3100 CA AK AL AR FL GA HI KS KY LA ME MN MO MS NH NJ NM NC ND OH OK PA RI SC TN UT WI WV DE ID IN IA MT NE NV SD TX VT NY CT WY IL OR AZ FIRST PITCH DINNER 89118 8315 80803 2293 18308 4550 3460 MFA DINNER 22935 5000 17935 1946 4150 782 5 269028 133503 135525 11284 14200 63717 27425 381081 146818 234263 13577 16146 86175 4550 31667 152115 82148 75479 21500 0 75479 21500 21500 53979 CA 0 THE ORGANIZATION IS EXEMPT FROM REGISTRATION PER CALIFORNIA STATE LAW. 0 0 0 1.00000 0.00000 SUSAN HOOKS 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 0 SUSAN HOOKS 0 PART OF HER ROLE AS ASSISTANT CONTROLLER FOR THE COLLEGE, S. HOOKS OVERSEES THE ACCOUNTING OF THE GAMING EVENTS HELD BY THE COLLEGE ADVANCEMENT OFFICE. X 0 1 STUDENT SCHOLARSHIPS 2642 56394533 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE HAS A SET OF CRITERIA BY WHICH COLLEGE AID IS AWARDED TO STUDENTS. THE FINANCIAL AID OFFICE MAINTAINS RECORDS OF ALL STUDENT AID AWARDED AND SUBSTANTIATION FOR THE AWARDS. X 1 1 X X 1 0 0 0 0 0 0 0 0 JAMES DONAHUE PRESIDENT 360599 0 0 0 53364 0 33769 0 19426 0 467158 0 0 0 HERNAN BUCHELLI LECARO VICE PROVOST FOR ENROLLMENT & COMMUN 198671 0 0 0 600 0 18662 0 17539 0 235472 0 0 0 JANE CAMARILLO VICE PROVOST, STUDENT LIFE 165069 0 0 0 1212 0 15643 0 15826 0 197750 0 0 0 SUSAN COLLINS VICE PRESIDENT FOR FINANCE & ADMINIS 297782 0 0 0 38972 0 5586 0 10604 0 352944 0 0 0 BETHAMI ANN DOBKIN PROVOST (THROUGH 1/31/2018) 305648 0 0 0 28516 0 28370 0 28120 0 390654 0 0 0 LISA MOORE VICE PRESIDENT, DEVELOPMENT 218772 0 0 0 6960 0 20099 0 9690 0 255521 0 0 0 CAROLE L SWAIN VICE PRESIDENT FOR MISSION 161598 0 0 0 2892 0 15216 0 14511 0 194217 0 0 0 CHRISTOPHER SINDT VICE PROVOST FOR ACADEMIC AFFAIRS 175485 0 0 0 600 0 16843 0 27798 0 220726 0 0 0 ZHAN LI DEAN, SCHOOL OF ECONOMICS AND BUSINE 267719 0 0 0 6696 0 24078 0 3800 0 302293 0 0 0 RANDALL BENNETT HEAD COACH, MEN'S BASKETBALL 621567 0 0 0 79558 0 46651 0 42502 0 790278 0 0 0 MARTIN CLARKE ASSISTANT COACH, MEN'S BASKETBALL 187423 0 0 0 29111 0 20154 0 25914 0 262602 0 0 0 SANKARAN VENKATESWAR ASSOCIATE PROFESSOR 191600 0 0 0 407 0 18139 0 12636 0 222782 0 0 0 RONALD OLOWIN PROFESSOR 61221 0 0 0 123761 0 17462 0 745 0 203189 0 0 0 SHEILA HUGHES DEAN, SCHOOL OF LIBERAL ARTS 173157 0 0 0 696 0 16757 0 28994 0 219604 0 0 0 RICHARD CARP PROFESSOR/FORMER VICE PROVOST, ACADE 177364 0 0 0 1824 0 16847 0 15285 0 211320 0 0 0 PART I, LINE 1A BETHAMI ANN DOBKIN RECEIVED A $24,000 HOUSING ALLOWANCE. JAMES DONAHUE RECEIVED A $42,000 HOUSING ALLOWANCE. SUSAN COLLINS RECEIVED A $24,000 HOUSING ALLOWANCE. THESE AMOUNTS ARE REFLECTED IN COLUMN (B)(III) OF SCHEDULE J, PART II AS TAXABLE COMPENSATION. PART I, LINE 4A RONALD OLOWIN RECEIVED A VOLUNTARY SEPARATION INCENTIVE PROGRAM (VSIP) OF ONE YEAR'S SALARY OF $122,441. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178J98 2007-08-30 71100000 SEE SCHEDULE K, PART VI 1 1 0 A 12025000 71100000 44085439 986960 1197000 24830601 2009 1 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 BANK OF NEW YORK MELLON 28.000000000000 0 0 1 TRINITY PLUS FUNDING 2.000000000000 1 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/26/2011 SCHEDULE K, PART I, A ADVANCE REFUND SERIES 2001A BONDS, CURRENT REFUNDING OF SERIES 2001B AND 2003 BONDS, AND FINANCE THE ACQUISITION, CONSTRUCTION, REHABILITATION AND RENOVATION OF CERTAIN FACILITIES AT THE COLLEGE. X 7 0 INDEPENDENT APPRAISAL X 13 660092 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: THE COLLEGE'S ON-CAMPUS ART GALLERY RECEIVED SEVEN SEPARATE GIFTS OF ART FOR WHICH ZERO REVENUE WAS REPORTED ON THE FORM 990. FORM 990, PART V, LINE 4B INTEREST IN FINANCIAL ACCOUNT IN FOREIGN COUNTRY: THE COLLEGE IS SOMETIMES REQUIRED TO POST COLLATERAL WITH BANK OF NEW YORK MELLON AS A RESULT OF THE VALUATION OF THE SWAP. WHEN COLLATERAL IS REQUIRED, BANK OF NEW YORK MELLON PLACES THESE FUNDS IN AN ACCOUNT IN THE CAYMAN ISLANDS. THIS ACCOUNT WAS CLOSED MAY, 2018 WITH COLLATERAL POSTINGS NOW SATISFIED WITH DOMESTIC FIXED INCOME SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD OF TRUSTEES: THE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON OF EACH STANDING COMMITTEE, THE PRESIDENT, THE SECRETARY, THE BROTHER VISITOR AND THE PAST CHAIRPERSON(S) OF THE BOARD WHILE STILL SERVING AS A TRUSTEE. THE COMMITTEE MAY HAVE STAFF RESOURCES AS WILL BE HELPFUL TO THE COMMITTEE AS DETERMINED BY THE CHAIRPERSON OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE FULL POWER OF THE BOARD IN THE EVENT OF EMERGENCY OR EXIGENT CIRCUMSTANCE(S), AS DETERMINED BY A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE IN CONSULTATION WITH OR AT THE REQUEST OF THE PRESIDENT. ADDITIONALLY, ASSURING THE VITALITY OF THE MISSION OF THE COLLEGE IN THE AREA OF EXECUTIVE OVERSIGHT AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNANCE OF THE COLLEGE PER ARTICLE 3 OF THE BYLAWS IS DELEGATED TO THE BOARD OF TRUSTEES WHICH CONSISTS OF 27 VOTING PERSONS. THE COLLEGE DOES HAVE MEMBERS, WHOSE RIGHTS ARE OUTLINED IN PART VI, SECTION A, LINE 7B. FORM 990, PART VI, SECTION A, LINE 7A BY RIGHT OF OFFICE, THE BROTHER VISITOR AND THE PRESIDENT OF THE COLLEGE SHALL BE BOTH MEMBERS AND TRUSTEES, IF THEY ARE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBERS ARE TO CONSENT TO THE AMENDMENT OF THE CORPORATION'S ARTICLES, REPEAL THE BYLAWS, CONSENT TO ANY AMENDMENTS TO THE BYLAWS WHICH ADVERSELY AFFECT THE RIGHTS OF THE MEMBERS, CONSENT TO THE DISSOLUTION OF THE CORPORATION, CONSENT TO THE MERGER OR SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES MEETS EACH JANUARY AND/OR FEBRUARY TO REVIEW THE FORM 990 THAT HAS BEEN GENERATED BY MANAGEMENT AND REVIEWED BY THE COLLEGE'S OUTSIDE AUDITORS. THE FORM 990 IS ALSO POSTED ON THE BOARD OF TRUSTEES' SECURED WEBSITE FOR ALL TRUSTEES TO REVIEW IN TIME FOR THEIR JANUARY MEETING. THE COLLEGE THEN FILES THE FORM 990 AFTER THIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY SHALL APPLY TO ANY TRANSACTION OR ARRANGEMENT WITH AN INTERESTED PERSON. INTERESTED PERSON MEANS A COVERED PERSON WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. COVERED PERSONS INCLUDES EACH TRUSTEE, OFFICER, MEMBER OF THE PRESIDENT'S CABINET, HIGHLY COMPENSATED EMPLOYEE, SUBSTANTIAL CONTRIBUTOR, ADVISOR APPOINTED BY A DONOR TO A SPECIFIC PROJECT OR FUND, ANY MEMBER OF A STANDING COMMITTEE OF THE BOARD, AN ACADEMIC DEAN, AND THE DIRECTOR OF ATHLETICS. THE BOARD SHALL REQUIRE EACH INTERESTED PERSON TO DISCLOSE ANNUALLY ANY FINANCIAL INTEREST IN THE COLLEGE AND ALL MATERIAL FACTS RELATED THERETO. THE ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED TO AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD. AS SOON AS PRACTICABLE AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DELIBERATE THE MATTER, AND THE POTENTIALLY INTERESTED PERSON, AFTER SUPPLYING SUCH INFORMATION AS THE BOARD SHALL REQUEST, SHALL RECUSE HIMSELF OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND RECOMMENDS COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. SUCH RECOMMENDATIONS GO TO THE FULL BOARD OF TRUSTEES FOR APPROVAL PRIOR TO THE BEGINNING OF THE NEW FISCAL YEAR. THE ANNUAL REVIEW PROCESS CONDUCTED BY THE EXECUTIVE COMMITTEE INCLUDES SALARY AND BENEFITS DATA FOR SIMILAR POSITIONS AT THE OTHER SIMILAR PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE OF CALIFORNIA. THIS DATA IS INDEPENDENTLY GATHERED BY THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU). THE COMPENSATION FOR ALL OTHER STAFF IS BASED UPON THE COLLEGE'S COMPENSATION SYSTEM THAT HAS DEVELOPED SALARY GRADES THAT INCLUDE COMPARABLE JOBS, WITH SALARY RANGES BENCHMARKED COMPETITIVELY WITH SALARY SURVEY DATA FROM SIMILAR INSTITUTIONS IN THE STATE OF CALIFORNIA. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS AND PUBLIC VERSION OF FORM 990 ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE SECRETARY OF STATE. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE STAFF HANDBOOK, WHICH IS MADE AVAILABLE TO EMPLOYEES. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSS ON INTEREST RATE EXCHANGE 3,092,918. ACTUARIAL ADJUSTMENT 76,861. EMPLOYER CONTRIBUTION VEBA TRUST FOR ST MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025792 VEBA TRUST CA 501(C)(9) N/A 0 EMPLOYEE AFTER-TAX CONTRIBUTION VEBA TRUST FOR SAINT MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025791 VEBA TRUST CA 501(C)(9) N/A 0 CHARITABLE REMAINDER ANNUITY TRUST (1) TRUST CA N/A T 1 CHARITABLE REMAINDER UNIRUST (1) TRUST CA N/A T 1 POOLED INCOME FUND (1) POOLED INVESTMENT FUND CA N/A T 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 EMPLOYERS-CONTRIBUTION VEBA TRUST FOR ST MARY'S COLLEGE OF CALIFORNIA B 1672790 CASH CONTRIBUTIONS