2018-02-07T17:57:13-06:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue 32nd Floor Milwaukee WI 53202 990 2016-07-01 390806202 Edgewood College Inc EDGE 6086634861 1000 Edgewood College Drive Madison WI 53711 Scott Flanagan PRESIDENT 6086634861 2018-01-25 1 Troy Marine CPA P00187863 4147775500 2018-01-25 38.122.82.115 2018-01-25 09:04:43 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FC291E00EDC6CE15C22AD045E9D90E0D24B72456 2016 2021-01-29 14:40:06Z Scott Flanagan 1000 Edgewood College Drive Madison WI 53711 63626137 0 0928 X www.edgewood.edu X 1927 WI TO PROVIDE A QUALITY HIGHER EDUCATION 26 20 1325 30 27374 3434 2880002 2021853 59452643 58714722 840553 1219538 678371 617473 63851569 62573586 13363328 13298971 0 0 32771824 32536560 134845 140310 1580538 14249387 15264856 60519384 61240697 3332185 1332889 147843139 149345818 28082781 23965123 119760358 125380695 X Edgewood College, rooted in the Dominican tradition, engages students within a community of learners committed to building a just and compassionate world. The College educates students for meaningful personal and professional lives of ethical leadership, service, and a lifelong search for truth. 0 0 49518797 13095859 53391451 Instruction- post-secondary education, with programs for traditional undergraduates, accelerated programs for returning adults, graduate programs, and doctoral education. FTE Enrollment of 2082. 4008257 203112 5307897 Auxillary services- Residence hall and food service serving approximately 561 students. 53527054 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 4293 0 1 1325 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 20 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JANE WILHELM 6086634861 1000 edgewood college drive madison WI 53711 Ann McCullough OP Trustee 1.00 X 0 0 0 Becky Splitt Trustee 1.00 X 0 0 0 Darrell Behnke Trustee 1.00 X 0 0 0 Dawn Crim Trustee 1.00 X 0 0 0 Enrique Gandara Trustee 1.00 X 0 0 0 Francie Rowe Trustee/Faculty 40.00 X 71658 0 14285 Frank Byrne Trustee 1.00 X 0 0 0 Gary Schaefer Chair 1.00 X 0 0 0 Ian Davies Trustee/Faculty 40.00 X 62507 0 21876 Jan Eddy Trustee 1.00 X 0 0 0 Jeff Bartell Trustee 1.00 X 0 0 0 Jim Barr Trustee 1.00 X 0 0 0 Jim Gallegos Trustee 1.00 X 0 0 0 Jim Imhoff Trustee 1.00 X 0 0 0 Kevin Hayden Trustee 1.00 X 0 0 0 Kim Schaefer Trustee 1.00 X 0 0 0 Laurie Binius-Droster Trustee 1.00 X 0 0 0 Londa Dewey Trustee 1.00 X 0 0 0 Lucy Keane Trustee 1.00 X 0 0 0 Mark Lowry Trustee 1.00 X 0 0 0 Mary Ellen Gevelinger OP Trustee 1.00 X 0 0 0 Mike Carr Trustee 1.00 X 0 0 0 Neil Fauerbach Trustee 1.00 X 0 0 0 Roberta Gassman Trustee 1.00 X 0 0 0 Teresa Welch Trustee 1.00 X 0 0 0 Scott Flanagan President 50.00 X X 245805 0 25026 Michael Guns VP Business & Finance 50.00 X 153526 0 45370 Gary Klein VP Advancement 50.00 X 153083 0 21385 Margaret Noreuil Dean Nursing 40.00 X 134970 0 7000 Dean Pribbenow VP Academic Affairs 50.00 X 124826 0 12418 Deron Kling Director IT 50.00 X 123172 0 68860 Anthony Chambers VP Student Development 50.00 X 119302 0 20239 1188849 0 236459 11 0 1 0 Rippe Keane Marketing 5950 Seminole Centre Crt Ste 220 Fitchburg WI 53711 Marketing 171576 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Consulting Services 114204 McAllister & Quinn LLC 1368 N Washington Avenue Scranton PA 18509 Grant and Private Foundation Consulting 107555 3 28805 489700 1503348 379361 2021853 EDUCATIONAL SERVICES 900099 53379451 53379451 ROOM AND BOARD 721310 5335271 5307897 27374 58714722 859154 859154 30600 4388 26212 26212 26212 1370305 1009921 360384 360384 360384 14998 28805 37922 -22924 -22924 7255 320 6935 6935 Investment Income Beneficial Inte 900099 575000 575000 Cell Tower Lease 900099 20250 20250 MANAGEMENT SERVICES - CHES 561000 12000 12000 607250 62573586 58699348 27374 1825011 13298971 13298971 824392 176908 403438 244046 23604353 21089489 1980808 534056 1752608 1565881 147074 39653 4523625 3833661 540233 149731 1831582 1611398 169466 50718 66860 66860 51900 51900 140310 140310 96855 96855 125400 4875 120525 469450 465347 4103 591593 437219 93224 61150 2077099 741140 1181012 154947 2341363 2038269 228517 74577 424855 310700 81576 32579 408108 372816 35292 2790716 2467068 323648 109686 109686 ACADEMIC SUPPORT 1437430 1437430 INSTRUCTION 1236845 1236845 AUXILLARY EXPENSES 1211156 1211156 Student Services 1033610 1033610 791930 194271 502991 94668 61240697 53527054 6133105 1580538 6300 6300 28864043 27169652 2540004 1859231 2242695 2013068 865573 830249 198834 173762 623063 681849 96824879 36192560 62102984 60632319 36553174 41945234 13846469 14034154 147843139 149345818 6622900 4281543 3559332 3296667 15905000 14387500 1995549 1999413 28082781 23965123 X 90657103 96936197 8609767 7494228 20493488 20950270 119760358 125380695 147843139 149345818 X 1332889 4116200 171248 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 31776252 2871282 4362129 222077 1020540 37767046 28811232 4539828 -567086 208434 799288 31776252 26068298 3169266 429677 170184 685825 28811232 22816341 390422 3685727 145567 678625 26068298 17498486 3602775 2351008 104717 531211 22816341 0.72000 0.18000 0.10000 0 0 725510 725510 83268648 25955719 57312929 8545116 6523622 2021494 4285605 3713219 572386 60632319 Beneficial Interest in private Foundation 13945000 Investment in Joint Venture 89154 14034154 Prepaid room and other deposits 641223 Obligation under capital lease 464591 refundable student loans 893599 1999413 X 53471594 4116199 177635 4293834 49177760 96855 13298971 13395826 62573586 47851257 6386 6386 47844871 96855 13298971 13395826 61240697 Part III, Line 1a: Collections of works of art, historical treasures and similar assets are not capitalized. Part III, Line 4: Edgewood College has an art collection used for public exhibition and scholarly research. Part V, Line 4: Endowment funds are primarily used for scholarships and also include support of program activities, building maintenance and equipment. 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. It is also exempt from state income tax. However any unrelated business income may be subject to taxation. The College follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes 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 by uncertain tax positions as of June 30, 2017 and 2016. The College's tax returns are subject to review and examination by Federal and State authorities. The tax returns for the current year as well as fiscal years 2014 and thereafter are open to examination by Federal and State authorities. Part XI, Line 2d - Other Adjustments: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 171,248. reNTAL EXPENSES 4,388. Use of College car 1,999. Part XI, Line 4b - Other Adjustments: GRANTS AND INSTITUTIONAL AID 13,298,971. Part XII, Line 2d - Other Adjustments: Use of College Car 1,999. Rental Expenses 4,387. Part XII, Line 4b - Other Adjustments: GRANTS AND INSTITUTIONAL AID 13,298,971. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Edgewood College's nondiscriminatory policy is published in the College catalogue, application materials, and own website. We regularly advertise with publications that specifically serve audiences of color: LaCommunidad, Umoja, Capital City Hues, etc. Schedule E, Part I, Line 6 PELL FUNDS, SEOG FUNDS, AND WORK STUDY FUNDS ARE FROM THE U.S. GOVERNMENT. Central America 0 0 PROGRAM SERVICES EDUCATION - STUDY ABOARD 17448 East Asia 0 0 Program Services Education - Study Abroad 138959 South America 0 0 Program Services Education - Study abroad 52707 Europe 0 0 Program Services Education - Study Abroad 28472 North America 0 0 Program Services Education - Program Development 5270 east Asia 0 0 Program Services Education - Program Development 11769 europe 0 0 Program Services Education - Program Development 13268 Central America 0 0 Program Services Education - Program Development 2721 South Asia 0 0 Program Services Education - Program Development 468 0 0 0 0 0 0 270614 468 271082 0 0 0 0 0 0 X X X X X X X 1 McAllister & Quinn 1030 15th Street NW Washington DC 20005 Federal and foundation grant submission and procurement serv 0 27500 90546 -63046 Bentz Whaley Flessner & Associates 7251 Ohms Lane Minneapolis MN 55439 Campaign and strategic services 0 0 49764 -49764 27500 140310 -112810 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Tee Up for Nursing 12219 3830 8389 746 9703 11016 8324 Eagle Golf Outing 31584 24975 6609 500 4623 3010 43803 28805 14998 1246 14326 14026 8324 37922 -22924 1 EDGEWOOD COLLEGE SCHOLARSHIPS 1417 13027543 SEOG PROGRAM 104 135970 Teach-Federal Grants 48 99834 OELA Training 75 35624 Part I, Line 2: To ensure our grants and scholarships are used for the proper purposes the Edgewood College Financial Aid Office performs regular maintenance and reconciliations with our business office monitoring that all funds awarded to a particular student are being properly credited to their student account. Any changes or adjustments to original awards that affect grant and scholarship funding are made within Powerfaids, the financial aid software program. These changes to awards are electronically transmitted at least weekly to the business office. The resulting changes are then displayed on their student account. The Financial Aid Office has the ability to generate reports as needed for monitoring and reconciliation purposes. These reports are compared to reports generated by the Business Office to ensure that all program amounts are accurately reflected. Additionally, we have a yearly audit performed by an outside accounting firm guaranteeing we are staying in compliance with all federal, state and institutional policies and procedures as well as assuring funding is being used as intended. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Scott Flanagan President 245805 0 0 0 0 0 7000 0 18026 0 270831 0 0 0 Michael Guns VP Business & Finance 153526 0 0 0 0 0 7000 0 38370 0 198896 0 0 0 Gary Klein VP Advancement 153083 0 0 0 0 0 7000 0 14385 0 174468 0 0 0 Deron Kling Director IT 123172 0 0 0 0 0 7000 0 61860 0 192032 0 0 0 Part I, Line 1a social dues are determined by President's contract. A Wisconsin Health and Educational Facilities Authority 391337855 NONEAVAIL 2015-05-29 16870000 See Part VI 0 0 0 A 2482500 16870000 75000 6745000 10050000 2016 1 0 1 1 A 0 0 1 0 0 0.00790 0.00790 0 0 1 A 0 1 0 0 1 1 BMO Harris Bank NA 10.000000000000 0 0 0 0 1 A 1 Schedule K, Part I, row A, column (f): Construct residence hall addition and current refunding of Wisconsin Health and Educational Facilities Authorty Adjustable Demand Revenue Bonds, Series 2006 (Edgewood College) dated September 13, 2006 Schedule K, Part I, row A, column (f): The total issue amount of the Series 2015 Bonds was $16,870,000 of which $10,050,000 was used to currently refund Series 2006 Bonds, $75,000 was used to pay issuance costs and $6,745,00 was used for residence hall addition construction costs. Lucy Keane Trustee Member of Board of Trustees 171576 Architectural Firm 0 Econonprint Substantial Contributor 161331 Insurance 0 JH Findorff Sons Inc Substantial Contributor 697613 Contractor 0 X 2 X 8 379361 Selling price of donated X Other 108 0 1 0 1 1 Part I, Line 32b: A bank is used to sell stock gifts. Part I, Line 33: For the types of property checked in Column (a) for which there is no revenue reported in Column (C), the reason is that the amounts were considered immaterial to the College's overall financial statements. Form 990, Part VI, Section A, line 7a Members of Edgewood College Inc. consist of no fewer than 3 and no more than 9. Members shall initially be Prioress, General Councilors or their delegrates and the General Finance Office. When a vacancy occurs, remaining members select new member. Form 990, Part VI, Section A, line 7b The corporate members of Edgewood College Inc. approve the mission, appoint Board of Trustees/President, approve changes to articles and bylaws, approve debt borrowing over an amount set by the members and issuance of bonds. In addition, the members approve acquisition and disposition of real assets. Form 990, Part VI, Section B, line 11b The public disclosure copy Form 990 was reviewed and approved by the Finance & Audit Committee prior to its filing with the IRS. Board trustee members will be given a link for which to access the Form 990 tax return prior to it being filed. Form 990, Part VI, Section B, line 12c Edgewood College has a written conflict of interest policy that covers trustees, officers and key employees. The disclosure statement is completed and signed annually by trustees, officers, and key employees. The policy requires each member of the Board of Trustees, officers, and key employees to: 1. review policy, 2. disclose any personal, family or business relationships that could reasonably give rise to conflict within the College, and 3. complete and sign disclosure statement. The business office personnel perform a review of disclosure statements and verify that they are returned by all interested parties. Business office personnel will report to Finance & Audit Committee the summary of disclosures and non-responses. If a conflict is deemed to exist, such person shall not vote nor participate in the discussion or deliberations with respect to such contract or transaction. The minutes of the meeting shall reflect the disclosure made and the abstention from voting and participation. Form 990, Part VI, Section B, line 15 Compensation for the President and key employees is determined by the Executive Committee of the Board of Trustees. Documentation of such approval is included in the minutes of the Executive Committee. Comparisons are made annually to compensation and benefits for comparable positions at organizations independent of Edgewood. Form 990, Part VI, Section C, line 19 Edgewood College makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, line 9: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 171,248.