2018-04-15T21:27:16-05:00 2017-05-31 390859910 Baker Tilly Virchow Krause LLP 225 South Sixth Street Suite 2300 Minneapolis MN 55402 990 2016-06-01 410695527 St Marys University of Minnesota STMA 5074571443 700 Terrace Heights Winona MN 559871399 benjamin murray vp-financial affairs 5074571443 2018-03-16 1 Lawrence H Mohr CPA P00447603 6128764500 38.88.188.75 2018-03-16 09:09:58 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 167182DFA60A41E45EAE2F4EF9C72CA9A698CA21 2016 2021-01-29 14:40:06Z brother william mann 700 Terrace Heights Winona MN 559871399 108741895 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. SAINT MARY'S IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. 32 31 2203 107 -4772 -4772 13697420 15732525 81829643 79876126 2166138 2335450 99432 319523 97792633 98263624 16990787 16888533 0 0 44089310 42779284 72615 61737 1941498 27778836 28091865 88931548 87821419 8861085 10442205 154993851 169588373 29526109 29726681 125467742 139861692 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 45551241 16888533 71063693 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 2016-17 ACADEMIC YEAR THE COLLEGE ENROLLED 1,165 STUDENTS AND OFFERED 31,898 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 6,883 STUDENTS ACROSS THE 2016-17 ACADEMIC YEAR AND OFFERED 73,660 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT THE COLLEGE IN 2017-18, SERVING APPROXIMATELY 6,500 STUDENTS AND DELIVERING APPROXIMATELY 70,000 CREDIT HOURS. THE UNIVERSITY OFFERS 60 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 60 PROGRAMS WITHIN THE SGPP. 13528246 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. 10674744 8812433 STUDENT SERVICES:IN 2016-17, 329 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 28% 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 $63,633,717 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2016-17. IN 2016-17, 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. 224 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2016-17. THIRTY-NINE 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. 5431319 INSTITUTIONAL SUPPORT, INCLUDING OPERATION OF PLANT AND DEPRECIATION 5431319 75185550 1 1 0 1 0 0 0 1 0 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 1 149 0 2203 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 31 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X Benjamin Murray 5074571443 700 TERRACE HEIGHTS 8 WINONA MN 55987 BURRICHTER Mary Trustee 1.00 X 0 0 0 Convey FSC Br Kevin Trustee 1.00 X 0 0 0 conway br patrick trustee 1.00 X 0 0 0 Domanico Dr John Trustee 1.00 X 0 0 0 Dougherty Mr Michael 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 kabara betty Vice Chair 1.00 X X 0 0 0 Kuczma Ms Linda Trustee 1.00 X 0 0 0 Mann FSC Br William President 40.00 X X 0 0 20919 McGinniss FSC Br Michael Trustee 1.00 X 0 0 0 Meagher Thomas 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 Ramierez Barba FSC Br Gustavo Trustee 1.00 X 0 0 0 remick mary ann Chair 1.00 X X 0 0 0 Ross Mr Joseph Treasurer 1.00 X X 0 0 0 Russell Mr Terrance Trustee 1.00 X 0 0 0 Salvi Mr Patrick Trustee 1.00 X 0 0 0 Schatz FSC Br Larry Trustee 1.00 X 0 0 0 Sieve Loras Trustee 1.00 X 0 0 0 simon sandra secretary 1.00 X 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 Suchocki Ms Celeste Trustee 1.00 X 0 0 0 Thies David Trustee 1.00 X 0 0 0 Trauscht Dr Ann Trustee 1.00 X 0 0 0 Wagnild Bernie Trustee 1.00 X 0 0 0 Wlazik Ms Mary Pat Trustee 1.00 X 0 0 0 Murray Mr Benjamin VP Financial Affairs 40.00 X 125169 0 16335 Pyle Mr John eXECUTIVE vp & coo 40.00 X 192721 0 34646 Reinhart Todd Dean school of science and health 40.00 X 164632 0 35748 Moody Merri Program Director - MA in NA 40.00 X 154543 0 19603 Barber Mark Associate VP of Academic Affairs 40.00 X 109839 0 29802 Peckover Roger Director of Assessment and CELT 40.00 X 117956 0 15654 Hopkins Rebecca Dean school of Education 40.00 X 112919 0 31954 Marpe Thomas Dean School of business and technology 40.00 X 146709 0 17707 Kintzi Audrey VP development & alumni 40.00 X 148540 0 19532 1273028 0 241900 12 0 1 0 wight and company 2500 n frontage rd darien IL 60561 construction contractor 8128130 Deltak Edu 1415 West 22nd St Ste 400 Oak Brook IL 60523 Online Learning 2460453 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2124195 Neuger Communications Group 25 Bridge Square Northfield MN 55057 Marketing 885595 All Trade Service LLC 74 Kansas St Winona MN 55987 Contruction Contractor 523432 18 2682233 13050292 2677135 15732525 TUITION AND FEES 541900 71063693 71063693 AUXILIARY ENTERPRISES 611710 8153916 8153916 Miscellaneous 611519 321960 321960 program for advanced college cred 611110 228160 228160 performance season income 711190 108397 108397 79876126 1287216 -4772 1291988 480051 160528 319523 319523 319523 11365977 10317743 1048234 1048234 1048234 98263624 79876126 -4772 2659745 16888533 16888533 776410 410890 183158 182362 33960534 28618082 4483271 859181 1569506 1333602 195510 40394 4089565 3461901 529237 98427 2383269 2017163 301299 64807 7729 7729 61868 61868 61737 61737 230276 230276 1795571 1238944 538671 17956 1472904 1178323 220936 73645 4550301 3218657 984245 347399 965253 772202 144788 48263 2962748 2518336 444412 2343751 1875000 351563 117188 192419 153935 28863 9621 322418 274055 48363 2919037 2481181 437856 333672 283621 50051 ONLINE FEE 4340896 3689762 651134 FOOD SERVICE 1545477 1313655 231822 EQUIPMENT RENTAL & MAIN 1503919 1346920 156999 SPECIAL PROGRAMS 1400773 1190657 210116 1142853 920131 202204 20518 87821419 75185550 10694371 1941498 6887 24741454 17480951 8407000 9159000 7099343 9883508 49872 515514 136396109 59514686 63933951 76881423 41018427 45831413 5648026 6201141 3039825 2565835 1049066 1069588 154993851 169588373 4396353 4806031 3028789 2812833 10971617 11394458 7752278 6966630 1052233 1002296 2324839 2744433 29526109 29726681 X 76580805 89343876 20939829 20344666 27947108 30173150 125467742 139861692 154993851 169588373 X 10442205 3886628 65117 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 120803 120803 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 $153,284 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2017, 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 78.81% 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, $120,803 OF SAINT MARY'S UNIVESRITY 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 53026579 2092874 6122967 2421437 58820983 54291355 1135081 -900826 1499031 53026579 52521521 736404 2493382 1459952 54291355 48044924 1109383 4810530 1364969 78347 52521521 43171427 605197 5526798 1180306 39833 38359 48044924 0.37650 0.49770 0.12580 1 0 2405662 2405662 79767561 29169975 50597586 4055439 2790059 1265380 27013592 23353835 3659757 23153855 4200817 18953038 76881423 ANNUITIES PAYABLE 444060 REFUNDABLE DEPOSITS 1007429 DEPOSITS HELD IN CUSTODY FOR OTHERS 148669 ASSET RETIREMENT OBLIGATION 812685 Contract payable 331590 2744433 X 85196745 3886628 4774 3891402 81305343 230276 16728005 16958281 98263624 70802795 100185 100185 70702610 230276 16888533 17118809 87821419 Part III, Line 4: THE ARTWORK AT SAINT MARY'S INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE Part V, Line 4: ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. Part X, Line 2: 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, 2017 and 2016. 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 4,774. Part XI, Line 4b - Other Adjustments: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 16,888,533. RENTAL EXPENSES -160,528. Part XII, Line 2d - Other Adjustments: gain ON ACTUARIAL ADJUSTMENT -60,343. RENTAL EXPENSES 160,528. Part XII, Line 4b - Other Adjustments: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 16,888,533. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Saint Mary's 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 (UK & FRANCE) 1 5 PROGRAM SERVICES EDUCATION 131151 SUB-SAHARA AFRICA (KENYA) 1 2 PROGRAM SERVICES EDUCATION 1000 Central American and Caribbean (CAYMAN) 0 0 investments 1278874 3 12 0 0 3 12 1431025 0 1431025 1 0 1 1 1 0 Schedule F, Part IV, Line 3: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN CORPORATIONS. HOWEVER, THE COLLEGE 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 COLLEGE 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 61737 -61737 61737 -61737 AK AL AR CA CT MN MO NM OK OR PA RI WI WV 1 SCHOLARSHIPS AND GRANTS 1347 16888533 Part I, Line 2: SAINT MARY'S 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 0 0 0 0 0 0 0 0 0 Pyle Mr John eXECUTIVE vp & coo 192721 0 0 0 0 0 13147 0 21499 0 227367 0 0 0 Reinhart Todd Dean school of science and health 164632 0 0 0 0 0 11550 0 24198 0 200380 0 0 0 Moody Merri Program Director - MA in NA 154543 0 0 0 0 0 10197 0 9406 0 174146 0 0 0 Marpe Thomas Dean School of business and technolo 146709 0 0 0 0 0 9611 0 8096 0 164416 0 0 0 Kintzi Audrey VP development & alumni 148540 0 0 0 0 0 9822 0 9710 0 168072 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. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 604151HQZ 2010-05-20 4099216 Refinance prior bond for preferred rate 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-04-10 6025000 Refinance prior bond for preferred rate 0 0 0 A 1455000 4099216 369509 81984 3647723 2010 1 0 1 1 B 1623000 6025000 62737 5963263 2014 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 1 B 1 Date Rebate Computation Performed Issuer Name: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY Date the Rebate Computation was Performed: 03/19/2013 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 FIRST ISSUE. X 16871 fair market value X 21 2660064 fair market value 0 0 1 1 Part I, Column (b): Provides the number of contributions. Part I, Line 32b: Saint Mary's University's policy is to sell all stock gifts received at the time of receipt. 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. 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 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 USED FOR THE PRESIDENT. DATA ON SALARY OF COMPARABLE INSTITUTIONS WAS PROVIDED TO THE CHAIR OF THE BOARD FROM AN OUTSIDE CONSULTANT WHO SPECIALIZES IN DETERMINING MARKET BASED COMPENSATION RATES FOR KEY POSITIONS. Form 990, Part VI, Section C, line 19 ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE MINNESOTA SECRETARY OF STATE. 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 4,774. Gain ON ACTUARIAL adjustment 60,343. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0