2019-04-04T14:29:43-05:00 2018-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 SOUTH SIXTH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2017-06-01 410695527 ST MARYS UNIVERSITY OF MINNESOTA STMA 5074571443 700 TERRACE HEIGHTS WINONA MN 559871399 BENJAMIN MURRAY SENIOR VP-FINANCE & OPERATIONS 5074571443 2019-03-31 1 LAWRENCE H MOHR CPA P00447603 6128764500 38.88.188.75 2019-03-31 10:19:31 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 42991B41A32A13F77B110C5B470B2D73D8292482 2017 2019-02-21 02:37:17Z FATHER JAMES BURNS 700 TERRACE HEIGHTS WINONA MN 559871399 109382653 0 X WWW.SMUMN.EDU X 1912 MN SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC INSTITUTION OFFERING COMPREHENSIVE UNDERGRADUATE AND GRADUATE PROGRAMS. OVER 1,100 STUDENTS ARE ENROLLED IN THE RESIDENTIAL UNDERGRADUATE COLLEGE AT THE WINONA CAMPUS, ESTABLISHED IN 1912. OVER THE COURSE OF A YEAR, MORE THAN 6,000 STUDENTS ARE ENROLLED IN THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP), WHICH OFFERS CERTIFICATES, BACHELOR AND SPECIALIST PROGRAMS, MASTERS DEGREES AND DOCTORAL PROGRAMS. THE UNIVERSITY DELIVERS EDUCATION TO ITS ADULT LEARNERS THROUGH CAMPUSES IN MINNEAPOLIS; WINONA, NAIROBI, KENYA; CENTERS IN APPLE VALLEY; ROCHESTER; AND OAKDALE AND AT NUMEROUS OTHER LOCATIONS IN MINNESOTA, WISCONSIN AND JAMAICA. THE UNIVERSITY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. 30 29 2226 149 12583 0 15732525 20068603 79876126 81487468 2335450 3026948 319523 590689 98263624 105173708 16888533 18943783 0 0 42779284 45694897 61737 69221 1908202 28091865 30452715 87821419 95160616 10442205 10013092 169588373 185891242 29726681 32868918 139861692 153022324 X ENRICHED BY THE LASALLIAN CATHOLIC HERITAGE, SAINT MARY'S UNIVERSITY OF MINNESOTA AWAKENS, NURTURES, AND EMPOWERS LEARNERS TO ETHICAL LIVES OF SERVICE AND LEADERSHIP. 0 0 52020290 18943783 72770895 INSTRUCTION:SAINT MARY'S UNIVERSITY OF MINNESOTA HAS TWO PRIMARY ACADEMIC UNITS: THE COLLEGE AND THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP). THE COLLEGE CONSISTS OF THE TRADITIONAL UNDERGRADUATE BACHELOR OF ARTS EXPERIENCE BASED ON THE WINONA CAMPUS. THE SGPP INCLUDES CONTINUING EDUCATION OFFERINGS, CERTIFICATE PROGRAMS, BACHELOR OF SCIENCE COMPLETION PROGRAMS, MASTER'S PROGRAMS, AN EDUCATION SPECIALIST PROGRAM, AND THREE DOCTORAL PROGRAMS. THE SGPP IS BASED ON BOTH THE TWIN CITIES AND WINONA CAMPUSES, WITH CENTERS IN ROCHESTER, APPLE VALLEY AND OAKDALE, MN. ACROSS THE 12-MONTH 2017-18 ACADEMIC YEAR THE COLLEGE ENROLLED 1,103 STUDENTS AND OFFERED 31,560 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 6,823 STUDENTS ACROSS THE 2017-18 ACADEMIC YEAR AND OFFERED 72,652 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT THE COLLEGE IN THE 2018-19, SERVING APPROXIMATELY 6,500 STUDENTS AND DELIVERING APPROXIMATELY 70,000 CREDIT HOURS. THE UNIVERSITY OFFERS 59 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 59 PROGRAMS WITHIN THE SGPP. 11892452 0 0 STUDENT SERVICES:IN 2017-18, 331 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 30% OF THAT POPULATION) PARTICIPATED IN 21 NCAA DIVISION III SPORTS OFFERED AT SAINT MARY'S UNIVERSITY. PARTICIPATION IN INTRAMURAL ACTIVITIES ANNUALLY IS MORE THAN 40%. THE FINANCIAL AID OFFICE PROCESSED $72,921,062 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2017-18. IN 2017-18, 9% OF TRADITIONAL UNDERGRADUATE STUDENTS WERE FORMALLY REGISTERED AS STUDENTS WITH DISABILITIES WITH THE INSTITUTION'S OFFICE OF DISABILITY SERVICES, THE MAJORITY OF WHICH UTILIZED SERVICES OFFERED BY THE UNIVERSITY. 167 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2017-18. THIRTY-SEVEN STUDENTS PARTICIPATED IN THE FIRST GENERATION INITIATIVE PROGRAM, WHICH OFFERS SELECTED STUDENTS SCHOLARSHIPS TO ATTEND THE UNIVERSITY. THE STUDENTS ENGAGE IN SPECIAL SUPPORT ACTIVITIES WHICH INCLUDE STUDY HALLS, SPECIALIZED ADVISING AND SOCIAL ACTIVITIES WHICH PROMOTE RETENTION AND STUDENT SUCCESS. 11732427 0 9107141 INSTITUTIONAL:THE UNIVERSITY SERVES STUDENTS AT OVER 70 LOCATIONS IN MINNESOTA AND AT APPROXIMATELY 20 LOCATIONS IN WISCONSIN, EACH YEAR. BY BRINGING OUR PROGRAM/COURSES TO LOCATIONS THAT ARE MORE ACCESSIBLE TO WORKING ADULTS, THE UNIVERSITY PROVIDES EDUCATION TO THOSE WHO MIGHT NOT OTHERWISE BE ABLE TO TRAVEL TO CAMPUS LOCATIONS. THIS MODEL OF OFF CAMPUS DELIVERY WILL BE UTILIZED IN THE FUTURE. IN SUMMER 2012, THE UNIVERSITY BEGAN OFFERING ONLINE PROGRAMS AND CURRENTLY OFFERS THIRTEEN PROGRAMS ONLINE AND WE CONTINUE TO ADD ADDITIONAL GRADUATE PROGRAMS ANNUALLY. IN 2017, THE UNIVERSITY SUCCESSFULLY COMPLETED THE INSTITUTIONAL REACCREDITATION PROCESS AND IMPLEMENTED A NEW UNIVERSITY WIDE ERP SYSTEM. 6802885 0 0 INSTITUTIONAL SUPPORT, INCLUDING OPERATION OF PLANT AND DEPRECIATION 6802885 0 0 82448054 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 173 0 2226 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 AK DC IL MA MD MI MN NH X BENJAMIN MURRAY 5074571443 700 TERRACE HEIGHTS 8 WINONA MN 55987 MANN FSC BR WILLIAM PRESIDENT 40.00 X X 0 0 20614 REMICK MARY ANN CHAIR 1.00 X X 0 0 0 DOUGHERTY MR MICHAEL VICE CHAIR 1.00 X X 0 0 0 SIMON SANDRA SECRETARY 1.00 X X 0 0 0 RUSSELL TERRY TREASURER 1.00 X X 0 0 0 BIMONTE BR ROBERT TRUSTEE 1.00 X 0 0 0 BURRICHTER MARY TRUSTEE 1.00 X 0 0 0 CONVEY FSC BR KEVIN TRUSTEE 1.00 X 0 0 0 DOMANICO DR JOHN TRUSTEE 1.00 X 0 0 0 FROST DR MARILYN TRUSTEE 1.00 X 0 0 0 GONZALEZ BR NICOLAS TRUSTEE 1.00 X 0 0 0 HAYDOCK ROGER TRUSTEE 1.00 X 0 0 0 HORAN MR JAMES TRUSTEE 1.00 X 0 0 0 KUCZMA MS LINDA TRUSTEE 1.00 X 0 0 0 LAAK MICHAEL TRUSTEE 1.00 X 0 0 0 MCDONOUGH JOHN TRUSTEE 1.00 X 0 0 0 MCGINNISS FSC BR MICHAEL TRUSTEE 1.00 X 0 0 0 O'HERN BR MICHAEL TRUSTEE 1.00 X 0 0 0 O'LEARY MS KAYE TRUSTEE 1.00 X 0 0 0 PEARSON MR PETER TRUSTEE 1.00 X 0 0 0 POOS FSC BR DAVID TRUSTEE 1.00 X 0 0 0 SCHATZ FSC BR LARRY TRUSTEE 1.00 X 0 0 0 SMARRELLI JR DR JOHN TRUSTEE 1.00 X 0 0 0 SMITHE MR WALTER TRUSTEE 1.00 X 0 0 0 STEGER ANGELA TRUSTEE 1.00 X 0 0 0 STEVENS GREGORY TRUSTEE 1.00 X 0 0 0 SUCHOCKI MS CELESTE TRUSTEE 1.00 X 0 0 0 TRAUSCHT DR ANN TRUSTEE 1.00 X 0 0 0 WADE JOHN TRUSTEE 1.00 X 0 0 0 WLAZIK MS MARY PAT TRUSTEE 1.00 X 0 0 0 MURRAY MR BENJAMIN VP FIN AFFAIRS/ASST TREASURER 40.00 X 132023 0 16661 PYLE MR JOHN EXECUTIVE VP & COO 40.00 X 189108 0 34194 KINTZI AUDREY VP DEVELOPMENT & ALUMNI 40.00 X 154228 0 19708 REINHART TODD DEAN SCHOOL OF SCIENCE & HEALTH 40.00 X 162117 0 35434 HOPKINS REBECCA DEAN SCHOOL OF EDUCATION 40.00 X 111000 0 31794 MARPE THOMAS DEAN SCHOOL OF BUSINESS & TECH 40.00 X 122426 0 16011 MOODY MERRI PROGRAM DIR - MS IN NA 40.00 X 148890 0 19706 GERBER ELIZABETH ASSOCIATE PROG DIR - MS IN NA 40.00 X 117066 0 13230 BARBER MARK AVP ACADEMIC AFFAIRS & ACADEMIC DEAN 40.00 X 107325 0 29880 SPECK TERESA FORMER PROFESSOR 0.00 X 138022 0 12960 1382205 0 250192 14 1 1 0 WIGHT AND COMPANY 2500 N FRONTAGE RD DARIEN IL 60561 CONSTRUCTION CONTRACTOR 8981778 DELTAK EDU 1415 WEST 22ND ST STE 400 OAK BROOK IL 60523 ONLINE LEARNING 4930389 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2268512 TIERNEY BROTHERS INC 1771 ENERGY PARK DR STE 100 ST PAUL MN 55108 TECHNOLOGY 800342 MCGOUGH CONSTRUCTION CO LLC PO BOX 1450 MINNEAPOLIS MN 55485 CONTRUCTION CONTRACTOR 768737 27 2629558 17439045 6897818 20068603 TUITION AND FEES 541900 72770895 72770895 AUXILIARY ENTERPRISES 611710 7766128 7766128 PRIVATE SPONSORED RESEARCH & PROG 541700 550283 550283 PROGRAM FOR ADVANCED COLLEGE CRED 611110 205050 205050 PERFORMANCE SEASON INCOME 711190 195112 195112 81487468 1150570 12583 1137987 444187 244066 200121 200121 200121 5841257 3964879 1876378 1876378 1876378 MISCELLANEOUS 611519 390568 390568 390568 105173708 81878036 12583 3214486 18943783 18943783 636295 161772 320775 153748 36435261 30977131 4547400 910730 1725259 1449211 224289 51759 4398778 3694974 571841 131963 2499304 2099415 324910 74979 36811 36811 73282 73282 69221 69221 269233 269233 890046 712037 133507 44502 1535972 1228777 230396 76799 4414641 3521342 695702 197597 1046754 837403 157013 52338 3512333 2985483 526850 2290745 1832596 343612 114537 159566 127653 23935 7978 322418 274055 48363 3208677 2727375 481302 328013 278811 49202 ONLINE FEE 7002114 5951797 1050317 FOOD SERVICE 1769695 1504241 265454 SPECIAL PROGRAMS 1438936 1223096 215840 STAFF TUITION DISCOUNTS 1102530 882024 198455 22051 1050949 1035078 15871 95160616 82448054 10804360 1908202 17480951 29030339 9159000 4653000 9883508 9199563 515514 357006 144766180 62717366 76881423 82048814 45831413 49407647 6201141 8137148 2565835 2344485 1069588 713240 169588373 185891242 4806031 4346655 2812833 2488971 11394458 11378508 6966630 11453130 148669 213255 1002296 951167 2595764 2037232 29726681 32868918 X 89343876 90677407 20344666 29277595 30173150 33067322 139861692 153022324 169588373 185891242 X 10013092 3128942 18598 X X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 1 125269 125269 0 PART II-B, LINE 1: LOBBYING ACTIVITIES: SAINT MARY'S UNIVERSITY OF MINNESOTA 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. SAINT MARY'S UNIVERSITY OF MINNESOTA PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $156,000 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2018, 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 NON LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 80.3% 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, $125,269 OF SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM SAINT MARY'S UNIVERSITY OF MINNESOTA'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 509015 X 0 0 1 X 58820983 2107589 5993649 2676712 64245509 53026579 2092874 6122967 2421437 58820983 54291355 1135081 -900826 1499031 53026579 52521521 736404 2493382 1459952 54291355 48044924 1109383 4810530 1364969 78347 52521521 0.38760 0.48850 0.12390 1 0 2405662 2405662 98665393 30952958 67712435 4161420 2986480 1174940 29539151 24475316 5063835 9994554 4302612 5691942 82048814 ANNUITIES PAYABLE 423991 REFUNDABLE DEPOSITS 523103 ASSET RETIREMENT OBLIGATION 853288 CONTRACT PAYABLE 236850 2037232 X 89341223 3128942 7523 3136465 86204758 269233 18699717 18968950 105173708 76180591 232991 232991 75947600 269233 18943783 19213016 95160616 PART III, LINE 4: THE ARTWORK AT THE UNIVERSITY INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE PART IV, LINE 2B: THE UNIVERSITY HOLDS AGENCY FUNDS AND SAVINGS FOR STUDENT GROUPS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. ACCORDINGLY, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT STATUS (UNRELATED BUSINESS ACTIVITIES). THE UNIVERSITY 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2018 AND 2017. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FUNDS HELD IN TRUST BY OTHERS 7,523. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 18,943,783. RENTAL EXPENSES -244,066. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ACTUARIAL ADJUSTMENT -11,075. RENTAL EXPENSES 244,066. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 18,943,783. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES A RACIALLY NONDISCRIMINATORY POLICY ON ALL APPLICATIONS, OUR WEBSITE, OUR UNDERGRADUATE AND GRADUATE CATALOGS, OUR FACT SHEET, OUR GRADUATE PROGRAM INFORMATION SHEETS AND OUR UNDERGRADUATE STUDENT RESOURCE AND DAILY PLANNER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. CENTRAL AMERICAN AND CARIBBEAN (JAMAICA) 1 5 PROGRAM SERVICES EDUCATION 20000 EUROPE (LONDON) 1 5 PROGRAM SERVICES EDUCATION 141506 SUB-SAHARA AFRICA (KENYA) 1 2 PROGRAM SERVICES EDUCATION 10000 CENTRAL AMERICAN AND CARIBBEAN (CAYMAN) 0 0 INVESTMENTS 6871467 3 12 0 0 3 12 7042973 0 7042973 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD SCHEDULE F, PART IV, LINE 3: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN CORPORATIONS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, THE PARTNERSHIPS HAVE FILED FORM 8621 ON THEIR PARTNERS' BEHALF, AND THEREFORE THE UNIVERSITY HAS NOT FILED FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT. X 1 BENTZ WHALEY FLESSNER INC 7251 OHMS LANE MINNEAPOLIS MN 55439 CAPITAL CAMPAIGN STRATEGIES AND PROSPECTING 0 0 69221 -69221 69221 -69221 AK AL AR CA CO CT DC FL GA HI IL KS KY MD ME MI MN MO MS NC ND NH NJ NM NV OH OK OR PA RI SC TN UT VA WA WI WV 1 SCHOLARSHIPS AND GRANTS 1059 18943783 PART I, LINE 2: THE UNIVERSITY DISTRIBUTES SCHOLARSHIPS BASED ON NEED AND MERIT. NEED BASED SCHOLARSHIPS ARE AWARDED BY THE FINANCIAL AID OFFICE USING THE INFORMATION FROM THE RESULTS OF THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID). MERIT BASED SCHOLARSHIPS ARE AWARDED BY THE ADMISSIONS OFFICE USING THE INFORMATION FROM THE STUDENT'S OFFICIAL HIGH SCHOOL TRANSCRIPTS AND THE RESULTS OF THE STANDARDIZED TEST (ACT, SAT, ETC.). FOR STUDENTS RECEIVING GRANTS AND SCHOLARSHIP FUNDS WITH RENEWAL CONDITIONS, FULFILLMENT OF THOSE CONDITIONS ARE VERIFIED BY THE FINANCIAL AID ADMINISTRATOR PRIOR TO THE AWARD BEING RENEWED (GPA, YEAR OF ATTENDANCE, ETC.) X 1 1 X X 1 0 0 0 0 0 0 0 0 PYLE MR JOHN EXECUTIVE VP & COO 188840 0 0 0 268 0 12901 0 21293 0 223302 0 0 0 KINTZI AUDREY VP DEVELOPMENT & ALUMNI 153748 0 0 0 480 0 10166 0 9542 0 173936 0 0 0 REINHART TODD DEAN SCHOOL OF SCIENCE & HEALTH 161772 0 0 0 345 0 11326 0 24108 0 197551 0 0 0 MOODY MERRI PROGRAM DIR - MS IN NA 148464 0 0 0 426 0 9843 0 9863 0 168596 0 0 0 SPECK TERESA FORMER PROFESSOR 46336 0 0 0 91686 0 3319 0 9641 0 150982 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDED A NON-TAXABLE HOUSING BENEFIT FOR THE PRESIDENT WORTH $12,000, WHICH IS INCLUDED IN COLUMN D OF PART II. PART I, LINE 4A A PORTION OF THE AMOUNT REPORTED IN "OTHER REPORTABLE COMPENSATION" REFLECTS PAYMENT MADE TO THE FOLLOWING EMPLOYEE IN 2017 PURSUANT TO A SEVERANCE AGREEMENT: TERESA SPECK - $91,567 A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 604151HQZ 2010-05-20 4099216 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-04-10 6025000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 C MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 5546000 BRIDGE LOAN 0 0 0 D MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-06-01 2471000 REFINANCE PRIOR BOND FOR SAVINGS 0 0 0 A 1628216 2471000 4099216 81984 4015690 2010 1 0 1 1 B 2199000 6025000 62737 5962263 2014 1 0 0 0 C 5546000 46000 5500000 2018 0 0 0 0 D 268000 2471000 2471000 26262 2018 1 1 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 7: DURING THE TWELVE MONTH PERIOD THE UNIVERSITY WORKED WITH OUTSIDE CONSULTANTS TO MONITOR COMPLIANCE; REBATE ANALYSTS HAVE BEEN ENGAGED SINCE THE INITIAL ISSUE. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/19/2013 (B) ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/19/2013 (C) ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2018 (D) ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2018 X 15150 FAIR MARKET VALUE X 14 6854233 FAIR MARKET VALUE X EQUIPMENT 3 28435 COST 0 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES COMPOSED OF THE CHAIR, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE CHAIR OF EACH OF THE STANDING COMMITTEES, AND THE PROVINCIAL OF THE MIDWEST DISTRICT OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (OR ANY SUCCESSOR ENTITY). THE EXECUTIVE COMMITTEE HAS THE FULL POWERS OF THE BOARD TO TAKE SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN THE EVENT OF AN EMERGENCY OR OTHER EXIGENT CIRCUMSTANCES, AS DETERMINED BY EITHER THE PRESIDENT OR THE CHAIR. FORM 990, PART VI, SECTION A, LINE 6 THE BROTHERS OF THE CHRISTIAN SCHOOLS ARE CONSIDERED MEMBERS OF THE UNIVERSITY. THE BROTHERS OF THE CHRISTIAN SCHOOLS DO NOT HAVE ANY VOTING POWER. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE ACTIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES DURING THE GENERAL SESSION OF THE BOARD'S MEETINGS. ALL COMMITTEE ACTIONS MUST BE AND ARE APPROVED BY THE FULL BOARD OF TRUSTEES. COMMITTEE ACTIONS ARE THEN DOCUMENTED IN THE MINUTES OF THE BOARD'S MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990. AFTER REVIEW BY THE AUDIT COMMITTEE, THE BOARD OF TRUSTEES RECEIVES A COPY OF THE PUBLIC INSPECTION COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IN JUNE OF EACH YEAR, TRUSTEES, OFFICE HOLDERS AND COMMITTEE MEMBERS DISCLOSE IN WRITING: (1) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER; (2) ALL CONTRACTS OF BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND A FAMILY MEMBER; AND (3) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND AN ORGANIZATION IN WHICH THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER OR THEIR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. THE GENERAL COUNSEL SHALL REVIEW THE REPORT AND THEN PRESENT A REPORT TO THE EXECUTIVE COMMITTEE WITH THE DETAILS OF THE CONFLICT OF INTEREST AND RECOMMENDATIONS. UPON RECEIPT OF THE REPORT FROM THE GENERAL COUNSEL, THE EXECUTIVE COMMITTEE SHALL MEET TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR APPEARS TO EXIST. THE EXECUTIVE COMMITTEE SHALL RECORD A SUMMARY OF THE INTEREST, THE DETERMINATIONS MADE AND THE ACTIONS TAKEN BY THE COMMITTEE REGARDING THE POSSIBLE CONFLICT. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION IT DEEMS APPROPRIATE INCLUDING: 1) FINDING THAT THE POTENTIAL CONFLICT OF INTEREST IS NOT DIRECT OR MATERIAL AND THAT THE UNIVERSITY'S INTERESTS ARE BEST SERVED BY THE TRUSTEE'S, OFFICE HOLDER'S OR COMMITTEE MEMBER'S PARTICIPATION; 2) RESTRICTING THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER FROM ATTENDING ANY MEETING OR GATHERING AT ANY TIME AT WHICH THE MATTER IN QUESTION IS DISCUSSED; OR 3) UPON DETERMINING THAT THE CONTRACT OR BUSINESS TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST AND IS FAIR AND REASONABLE, APPROVE THE PROPOSED CONTRACT OR BUSINESS TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION FOR THE PRESIDENT ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF COMPENSATION. YAFFEE & COMPANY WAS ENGAGED IN 2017 TO COMPLETE A COMPENSATION STUDY FOR THE PRESIDENT. ADDITIONALLY, ACADEMIC SEARCH, AN EXECUTIVE SEARCH FIRM, COMPLETED A SALARY ANALYSIS AND PROPOSED COMPENSATION RECOMMENDATIONS AS PART OF ITS PRESIDENTIAL SEARCH PROCESS, COMPLETED IN MAY 2018. DATA FROM BOTH SOURCES WAS USED IN ESTABLISHING COMPENSATION FOR THE PRESIDENT. THE PRESIDENT, SUPPORTED BY THE AVP FOR HUMAN RESOURCES AND SENIOR VICE PRESIDENT FOR FINANCE AND OPERATIONS, IS RESPONSIBLE FOR REVIEWING, ASSESSING, AND APPROVING THE COMPENSATION OF ALL OTHER POSITIONS ANNUALLY. EXTERNAL COUNSEL IS ENGAGED PERIODICALLY TO ASSIST WITH THE ASSESSMENT OF EXECUTIVE-LEVEL COMPENSATION, DEFINED AS CABINET-LEVEL POSITIONS. YAFFEE & COMPANY WAS ENGAGED IN 2017 TO COMPLETE A COMPENSATION STUDY FOR CABINET-LEVEL POSITIONS. DATA FROM THE STUDY WAS USED IN ESTABLISHING COMPENSATION FOR CABINET POSITIONS. ADDITIONALLY, SALARY SURVEY DATA FROM CUPA-HR (COLLEGE UNIVERSITY PROFESSIONAL ASSOCIATION HUMAN RESOURCES), A NATIONAL DATA-BASE OF HIGHER EDUCATION SALARY INFORMATION, IS USED TO ASSESS AND ESTABLISH COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE MINNESOTA SECRETARY OF STATE. THE BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH EMMA (ELECTRONIC MUNICIPAL MARKET ACCESS). FORM 990, PART XI, LINE 9: LOSS ON FUNDS HELD BY OTHERS 7,523. GAIN ON ACTUARIAL ADJUSTMENT 11,075. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUST (6) CHARITABLE TRUST MN N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0