2018-11-15T13:48:55-06:00 2018-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 1040 HELENA MT 59624 990 2017-07-01 810231774 CARROLL COLLEGE CARR 4064474300 1601 N BENTON AVE HELENA MT 59625 LORI PETERSON VICE PRESIDENT FINANCE 4064474300 2018-11-09 1 DONALD W LAINE P00102069 4064421040 2018-11-08 71.92.235.245 2018-11-09 08:26:49 MS P 73C55A8796615D8274CBD3C40D03DCE9DAAF8850 11F274F4A2C32A2BFAECE73F2982024E5B511D5D 2017 2019-02-21 02:37:17Z LORI PETERSON 1601 N BENTON AVE HELENA MT 59625 72166893 0 X WWW.CARROLL.EDU X 1909 MT CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY. 23 23 1153 190 0 -173300 15232098 7529018 53885669 53721251 1490624 2468109 546112 634705 71154503 64353083 23474203 24360518 0 0 21642126 21308056 0 0 1273568 14720906 14520268 59837235 60188842 11317268 4164241 120754869 123200814 26298323 22923799 94456546 100277015 X CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL.AS A LIBERAL ARTS SCHOOL, CARROLL COLLEGE ACKNOWLEDGES THE PRACTICAL ROLE OF PREPARING ITS STUDENTS FOR A CAREER, BUT IT ALSO AFFIRMS THE TRADITIONAL ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. IT IS DEDICATED TO PROVIDING FOR ITS STUDENTS THE MEANS FOR THEIR FULL REALIZATION OF A DUAL GOAL OF VOCATION AND ENLIGHTENMENT. THUS, WHILE PROVIDING SUBSTANTIAL PROFESSIONAL AND PRE-PROFESSIONAL PROGRAMS, THE COLLEGE ENCOURAGES AND EXPECTS ALL STUDENTS TO PARTICIPATE IN A BROAD SPECTRUM OF ACADEMIC DISCIPLINES. 0 0 10711319 44923074 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 3105528 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 35753286 24360518 8015329 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 611287 1094373 OTHER PROGRAMS 611287 1094373 50181420 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 112 0 1 1153 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X THE ORGANIZATION 4064474300 1601 NORTH BENTON HELENA MT 59625 ALEX PAPU RINCON TRUSTEE 2.00 X 0 0 0 BEN NIEDERMEYER TRUSTEE 2.00 X 0 0 0 FR PATRICK BERETTA TRUSTEE 2.00 X 0 0 0 SR DIANE STEELE TRUSTEE 2.00 X 0 0 0 DR ALBERT OLSZEWSKI TRUSTEE 2.00 X 0 0 0 DR JOHN MICHELOTTI TRUSTEE 2.00 X 0 0 0 WILLIS WETSTEIN TRUSTEE 2.00 X 0 0 0 SARAH WALSH TRUSTEE 2.00 X 0 0 0 ERIC PHILLIPS TRUSTEE 2.00 X 0 0 0 REV THOMAS HAFFEY TRUSTEE 2.00 X 0 0 0 LISA BULLOCK TRUSTEE 2.00 X 0 0 0 MARK SEMMENS TRUSTEE 2.00 X 0 0 0 MONSIGNOR KEVIN O'NEILL TRUSTEE 2.00 X 0 0 0 PATRICIA CHVATAL TRUSTEE 2.00 X 0 0 0 PAUL MILHOUS TRUSTEE 2.00 X 0 0 0 RAY KUNTZ TRUSTEE 2.00 X 0 0 0 THOMAS WALSH TRUSTEE 2.00 X 0 0 0 JOHN CECH EX-OFFICIO 2.00 X 0 0 0 BISHOP GEORGE THOMAS EX-OFFICIO 2.00 X 0 0 0 JOHN MCINNIS EX-OFFICIO 2.00 X 0 0 0 JOHN WALDA CHAIR 2.00 X X 0 0 0 EUGENE MALLETTE VICE CHAIR 2.00 X X 0 0 0 WILLIAM WAR SECRETARY 2.00 X X 0 0 0 COLIN IRVINE V.P. ACADEMIC AFFAIRS 40.00 X 130462 0 22835 THOMAS MCCARVEL V.P. ADVANCEMENT (PART-YEAR) 40.00 X 36979 0 574 MICHAEL LARKIN V.P. ADVANCEMENT (PART-YEAR) 40.00 X 74857 0 4893 JAMES HARDWICK V.P. COMMUNITY LIVING 40.00 X 107890 0 6255 ANTONINA LOCOCO V.P. ENROLLMENT SERVICES 40.00 X 116772 0 13631 LORI PETERSON V.P. FINANCE & ADMINISTRATION 40.00 X 145684 0 23908 CANDACE CAIN V.P. INSTITUTIONAL ADVANCEMENT - INTERIM 40.00 X 122125 0 13958 THOMAS EVANS PRESIDENT (PART-YEAR) 40.00 X 220734 0 19386 FR STEPHEN ROWAN PRESIDENT (PART-YEAR) 40.00 X 81485 0 4369 1036988 0 109809 7 0 1 0 DICK ANDERSON CONSTRUCTION INC 3424 E US HIGHWAY 12 HELENA MT 59601 CONSTRUCTION CONTRACTOR 11723607 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2617950 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 PRINTING/PUBLICATION MATERIALS 451356 DSA PC 55 W 14TH ST SUITE 103 HELENA MT 59601 ARCHITECT 358665 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE SUITE 500 RESTON VA 20191 SOFTWARE PROVIDER 177913 10 118061 1806151 5604806 1135573 7529018 TUITION AND FEES 611600 44923074 44923074 AUXILIARY ENTERPRISES 611600 7232032 7232032 ATHLETICS 611600 783297 783297 OTHER SOURCES 611600 782848 782848 53721251 933846 933846 1006520 371360 635160 635160 635160 7671845 550633 6449107 239108 1222738 311525 1534263 311525 1222738 48130 118061 79510 -31380 -31380 705650 674725 30925 30925 64353083 54032776 0 2791289 24360518 24360518 1170455 536144 483438 150873 14894452 12243564 2038963 611925 611117 482547 99974 28596 3267855 1265759 1944187 57909 1364177 1089489 211171 63517 66718 66718 2217315 1099916 1058499 58900 1545996 741845 624666 179485 681118 80946 600172 1975837 1759520 167408 48909 2631176 2363084 268092 619344 592752 26592 3363863 2373872 981335 8656 SUPPLIES 1310910 1130926 162639 17345 OTHER EXPENSES 70688 23235 47453 PERIODICALS 37303 37303 60188842 50181420 8733854 1273568 3 6799849 6044727 5241235 4268499 2368868 2569519 282021 425796 541788 553953 109443048 50049154 47756936 59393894 41235353 43182528 4985100 5041203 11543719 1720692 120754869 123200814 4330099 2555761 1613893 1509385 17361727 16500183 2992604 2358470 26298323 22923799 X 42653561 47174768 19348492 19584259 32454493 33517988 94456546 100277015 120754869 123200814 X 4164241 1056437 599791 X X 0 1 X 1 1 1 X X 0 52706321 960685 3260216 1501475 55425747 47448239 4984621 5208066 1817362 3117243 52706321 50922019 616977 -2266241 568741 1255775 47448239 49773739 2362938 509410 512372 1211696 50922019 41970823 1370397 7541791 18657 1090615 49773739 0.18350 0.21180 0.60470 0 0 826724 826724 92828034 37031615 55796419 14124348 11557609 2566739 1663942 1459930 204012 59393894 STUDENT DEPOSITS 34650 ANNUITIES PAYABLE 801753 OTHER LIABILITIES 33808 FAIR VALUE OF SWAP CONTRACT 1488259 2358470 44149269 1056437 19835 1725386 2801658 41347611 23005472 23005472 64353083 38328800 19835 1125595 1145430 37183370 23005472 23005472 60188842 PART III, LINE 4: VARIOUS ART PIECES ARE DISPLAYED ON CAMPUS. PART V, LINE 4: THE ENDOWMENT WILL BE USED TO FUND SCHOLARSHIPS AND GENERAL OPERATIONS OF THE COLLEGE AND SUPPORTS EDUCATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 674,725. RENTAL EXPENSES NETTED ON RETURN 371,360. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 79,510. CHANGE IN FAIR VALUE OF SWAP CONTRACT 599,791. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,005,472. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 674,725. RENTAL EXPENSES NETTED ON RETURN 371,360. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 79,510. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 23,005,472. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CARROLL COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AGE, SEX, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. CARROLL COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, AGE, SEX, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PAYMENTS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: PERKINS LOAN PROGRAM COLLEGE WORK-STUDY PROGRAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM PELL GRANT PROGRAM MONTANA GUARANTEED STATE LOAN PROGRAM DINNER AND AUCTION 144103 110811 33292 67863 GOLF TOURNAMENT 22088 7250 14838 11647 166191 118061 48130 79510 79510 -31380 1 ENDOWED SCHOLARSHIPS 348 1367442 CASH GRANTS 186 794204 FEDERAL SEOG 195 64826 FEDERAL TEACH GRANTS 4 14896 FEDERAL PELL 309 1275324 VARIOUS FINANCIAL AID PROGRAMS 1305 20843826 PART I, LINE 2: CARROLL COLLEGE AND FEDERAL NEED-BASED GRANTS AND SCHOLARSHIPS ARE AWARDED BASED ON THE RESULTS OF THE FEDERAL FAFSA AND NEEDS ANALYSIS. NEW STUDENT MERIT SCHOLARSHIPS ARE BASED ON HIGH SCHOOL GPA AND TEST SCORES OR TRANSFER GPA FOR TRANSFER STUDENTS. STATE GRANT REPORTING IS COMPLETED EACH YEAR AFTER THE ACADEMIC YEAR IS COMPLETED. FEDERAL FISAP REPORTING IS COMPLETED PRIOR TO OCTOBER OF EACH YEAR FOLLOWING THE COMPLETION OF THE ACADEMIC YEAR. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 COLIN IRVINE V.P. ACADEMIC AFFAIRS 130462 0 0 0 0 0 6885 0 15950 0 153297 0 0 0 LORI PETERSON V.P. FINANCE & ADMINISTRATION 145684 0 0 0 0 0 7785 0 16123 0 169592 0 0 0 THOMAS EVANS PRESIDENT (PART-YEAR) 220734 0 0 0 0 0 6817 0 12569 0 240120 0 0 0 A LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2008-07-18 2800000 HIGHER EDUCATION REVENUE NOTE SERIES 2008 0 0 0 B LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2013-06-20 4250000 HIGHER EDUCATION REVENUE BOND SERIES 2013A-CAMPUS APARTMENTS 0 0 0 C LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2013-07-25 12315000 HIGHER EDUCATION REVENUE REFUNDING BOND SERIES 2013B-TRINITY HALL 0 0 0 A 2800000 25400 2774600 2008 0 0 1 1 B 4250000 85000 4165000 2013 0 0 1 1 C 12315000 12315000 2003 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 30 983302 MARKET VALUE-GIFT DATE X DONATED AUCTION ITEMS 205 78331 MARKET VALUE-GIFT DA X CHAPEL DONATION OF FURNITURE AND ART 1 42251 MARKET VALUE-GIFT DA X AUTO LEASE 3 22475 MARKET VALUE-GIFT DA X MISC SUPPLIES AND GIFTS 101 9214 MARKET VALUE-GIFT DA 1 0 1 1 PART I, LINE 32B: THE COLLEGE USES APPROPRIATELY CERTIFIED PROFESSIONALS TO SELL NON-CASH GIFTS (SUCH AS SHARES OF STOCK OR REAL ESTATE) ON BEHALF OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 3 FOOD SERVICES ON CAMPUS ARE PROVIDED THROUGH SODEXO AMERICA, LLC. THE TERMS OF THE CONTRACT ARE NEGOTIATED AT ARM'S LENGTH TO DETERMINE THAT THE COLLEGE WILL PAY NO MORE THAN THE FAIR MARKET VALUE OF THE SERVICES PROVIDED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 TAX RETURN IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS, AND IS REVIEWED BY THE VP OF FINANCE AND ADMINISTRATION AND THE COLLEGE PRESIDENT BEFORE BEING SIGNED AND ISSUED. A COPY OF THE 990 TAX RETURN IS POSTED ON THE CARROLL COLLEGE INTRA-NET FOR REVIEW BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY, AND TO INDICATE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF A TOPIC. ANY DISCLOSURE IS NOTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE BOARD OF TRUSTEES, USING A PEER GROUP SALARY COMPARISON OF ROUGHLY 77 SIMILAR INSTITUTIONS. THE COLLEGE PRESIDENT'S CONTRACT IS REVIEWED BY THE FULL BOARD OF TRUSTEES. COMPENSATION OF ALL OTHER STAFF AND FACULTY IS DETERMINED BY COLLEGE POLICY AND FINANCIAL RESOURCES, INCLUDING A COMPARISON TO A PEER GROUP OF ROUGHLY 77 SIMILAR INSTITUTIONS. SALARY INCREASES ARE APPROVED BY THE BOARD AS PART OF APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP CONTRACT 599,791. 990 PART XII, LINE 2C-OVERSIGHT OF AUDIT CARROLL HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.