2018-04-23T10:15:35-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 410693856 DUNWOODY COLLEGE OF TECHNOLOGY DUNW 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PRESIDENT 6123745800 2018-04-12 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2018-04-12 08:58:38 CD P C75C06011B73D6F66A85DAF7D5BEDF01E370C5C1 A37B929B3C4A007685C3DE6C1AE4373EFC622F4E 2016 2021-01-29 14:40:06Z RICHARD WAGNER 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 35887591 0 X WWW.DUNWOODY.EDU X 1914 MN PROVIDE TECHNICAL TRAINING IN INDUSTRIAL FIELDS IN DAY AND EVENING CLASSES IN MINNEAPOLIS, MN. 29 29 336 725 0 0 5198355 9247562 22210017 25266573 690366 932365 -6318 -4104 28092420 35442396 1499257 1575861 0 0 15683884 15256523 0 0 1672395 8637580 9883275 25820721 26715659 2271699 8726737 40473649 47777583 15309761 12666247 25163888 35111336 X DUNWOODY COLLEGE OF TECHNOLOGY CHANGES LIVES BY BUILDING OPPORTUNITIES FOR GRADUATES TO HAVE SUCCESSFUL CAREERS, TO DEVELOP INTO LEADERS AND ENTREPRENEURS, AND TO ENGAGE IN "THE BETTER PERFORMANCE OF LIFE'S DUTIES." (QUOTE FROM THE LAST WILL AND TESTAMENT OF WILLIAM HOOD DUNWOODY) 1 0 18567031 1575861 25266573 SEE SCHEDULE O 18567031 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 34 0 336 1 0 0 0 0 0 0 0 0 0 1 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X PETER ZELLER 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PHD PRESIDENT 40.00 X X 234800 0 6812 CHARLIE WESTLING BOARD CHAIR 1.00 X X 0 0 0 MICHAEL L LE JEUNE BOARD VICE CHAIR 1.00 X X 0 0 0 JAMES R FOX SECRETARY 1.00 X X 0 0 0 RICK D CLEVETTE TREASURER (LEFT 10/2016) 1.00 X X 0 0 0 MICHAEL M SILL II TREASURER 1.00 X X 0 0 0 RUSSEL BECKER TRUSTEE 1.00 X 0 0 0 DAVID P CROSBY TRUSTEE (LEFT 10/2016) 1.00 X 0 0 0 NANCY M DAHL TRUSTEE 1.00 X 0 0 0 BRUCE W ENGELSMA TRUSTEE 1.00 X 0 0 0 THEODORE A FERRARA TRUSTEE 1.00 X 0 0 0 MARK G FLEISCHHACKER TRUSTEE 1.00 X 0 0 0 BJORN GUNNERUD TRUSTEE 1.00 X 0 0 0 MICHAEL HANSON TRUSTEE 1.00 X 0 0 0 JAMES L HOLMGREN TRUSTEE 1.00 X 0 0 0 VICTORIA M HOLT TRUSTEE 1.00 X 0 0 0 ARTHUR W JOHNSON TRUSTEE 1.00 X 0 0 0 RICHARD J JUELICH TRUSTEE 1.00 X 0 0 0 THOMAS M KIEFFER TRUSTEE 1.00 X 0 0 0 WILLIAM J MATEIKIS TRUSTEE 1.00 X 0 0 0 JEFFREY C MOOREFIELD TRUSTEE 1.00 X 0 0 0 ANDREA L NEWMAN TRUSTEE 1.00 X 0 0 0 DALE A NORDQUIST TRUSTEE 1.00 X 0 0 0 JULIE A OWEN TRUSTEE 1.00 X 0 0 0 GARY N PETERSEN TRUSTEE (LEFT 10/2016) 1.00 X 0 0 0 KAY PHILLIPS TRUSTEE 1.00 X 0 0 0 CYNTHIA WAGENER ROBIN TRUSTEE 1.00 X 0 0 0 C MARTIN SCHUSTER TRUSTEE 1.00 X 0 0 0 MARK G SHERRY TRUSTEE 1.00 X 0 0 0 TALLA SKOGMO TRUSTEE 1.00 X 0 0 0 TREASA SPRINGETT TRUSTEE 1.00 X 0 0 0 GREGG STEDRONSKY TRUSTEE 1.00 X 0 0 0 ROBERT W STROM TRUSTEE 1.00 X 0 0 0 JAMES MCDONALD CFO 40.00 X 166109 0 19578 STUART LANG VP INSTITUTIONAL ADVANCEME 40.00 X 169822 0 5076 JEFFERY YLINEN PROVOST 40.00 X 140353 0 11621 PATRICIA EDMAN VP HUMAN RESOURCES 40.00 X 126263 0 10971 CAMI KARNOWSKI CONTROLLER 40.00 X 109425 0 9887 WILLIAM JORDAN DIRECTOR OF FACILITIES 40.00 X 108154 0 10673 1054926 0 74618 7 0 1 0 ASPEN CAPITAL CO INC 7600 PARKLAWN AVE SUITE 384 MINNEAPOLIS MN 55435 COMPUTER LEASES 894297 RILEY HAYES 333 SOUTH FIRST STREET MINNEAPOLIS MN 55401 MARKETING SERVICES 730706 CREDO LLC 940 GOLF HOUSE ROAD W 200 WHITSETT NC 27377 STRATEGIC CONSULTING SERVICES 627845 BARNES & NOBLE 100 PLAZA DRIVE SECOND FLOOR SECAUCUS NJ 07094 STUDENT AND FACULTY BOOKS/MATERIALS/SUPP 309807 TAHER INC 5570 SMETANA DRIVE MINNETONKA MN 55343 FOOD SERVICE/CATERING 200979 10 37230 9210332 163357 9247562 TUITION & RELATED INCOME 611600 24900383 24900383 OTHER PROGRAM SERVICE REVENUES 900099 366190 366190 25266573 554930 554930 801566 176021 248110 625545 -248110 377435 377435 16960 37230 21064 -4104 -4104 35442396 25266573 0 928261 1575861 1575861 593243 593243 11790741 9191989 1664630 934122 570106 570106 1399241 660361 656095 82785 903192 677081 157761 68350 43646 43646 68408 68408 6000 6000 196300 196300 945758 19391 684452 241915 987110 972523 3394 11193 1426262 1106720 146520 173022 1579841 1040621 509264 29956 1395003 40986 1353958 59 190919 128953 47571 14395 140482 93100 44073 3309 394938 394938 1270934 1270934 BAD DEBT EXPENSE 648393 648393 MEALS 259807 156985 36677 66145 EQUIPMT RENTAL/MAINTENA 21822 21822 COST ALLOCATIONS 0 2785877 -2816158 30281 307652 94761 196028 16863 26715659 18567031 6476233 1672395 834362 1191566 865397 6131045 2338660 2730621 517618 565125 197185 184054 48268779 35741556 12577620 12527223 13046771 14280721 10096036 10167228 40473649 47777583 1628475 1758725 1276061 1139696 10647829 9387187 1757396 380639 15309761 12666247 X 815558 3905332 10767113 16209742 13581217 14996262 25163888 35111336 40473649 47777583 X 8726737 845977 374734 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 6000 0 0 6000 0 PART II-B, LINE 1: THE COLLEGE PAID A TOTAL OF $6,000 IN RETAINER FEES TO A CONSULTING FIRM FOR LOBBYING ACTIVITY IN 2017. 0 0 20447483 1362224 1245157 142657 647854 22264353 21638847 214108 -922475 78608 404389 20447483 21555419 573644 -323102 167114 21638847 19947776 109643 2351410 853410 21555419 19418934 30405 671353 172916 19947776 0.02120 0.67360 0.30520 0 0 828504 828504 25940112 19754739 6185373 19944947 15986817 3958130 1555216 1555216 12527223 BENEFICIAL INTEREST IN PERPETUAL TRUST 9210548 F SPLIT-INTEREST AGREEMENTS 956680 F 10167228 ANNUITY OBLIGATIONS 104930 ENVIRONMENTAL REMEDIATION 275709 380639 X 35096895 845977 1257421 643908 2747306 32349589 196300 2896507 3092807 35442396 26470093 1257421 269174 1526595 24943498 196300 1575861 1772161 26715659 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND TO FUND COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. THEREFORE, ALL CONTRIBUTIONS ARE TAX DEDUCTIBLE. THE COLLEGE FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE COLLEGE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRUST DISTRIBUTIONS -15,322. SPECIAL EVENTS EXPENSE 21,064. LOSS ON DISPOSAL OF FIXED ASSETS 248,110. GAIN ON MATURED ANNUITIES 390,056. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME GREATER THAN SPENDING RATE 1,320,646. SCHOLARSHIPS 1,575,861. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 21,064. LOSS ON DISPOSAL OF FIXED ASSETS 248,110. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,575,861. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WRITTEN MATERIALS RELATED TO THE COLLEGE'S POLICIES ARE GIVEN TO STUDENTS AT ORIENTATION. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES PELL, SEOG, FEDERAL WORK STUDY, AND VARIOUS GOVERNMENT-BACKED LOANS AND RELATED STATE FUNDS. GOLF SCHOLARSHIP FUNDRAISER 54190 37230 16960 15819 5245 54190 37230 16960 15819 5245 21064 -4104 1 SCHOLARSHIPS 462 1575861 0 N/A N/A PART I, LINE 2: ENDOWED AND ANNUAL SCHOLARSHIPS ARE AWARDED BASED ON CERTAIN CRITERIA SET BY THE INSTITUTION (DUNWOODY) AND DONORS. STUDENTS APPLY FOR SCHOLARSHIPS STARTING SPRING QUARTER OF THE PREVIOUS SCHOOL YEAR. APPLICATIONS ARE COMPILED AND REVIEWED BY A SCHOLARSHIP COMMITTEE. THE SCHOLARSHIP COMMITTEE CHOOSES THE STUDENT OR STUDENTS WHO ARE MOST DESERVING OF THE AWARD BASED ON THE CRITERIA AND FINANCIAL NEED. STUDENTS ARE NOTIFIED BY THE FINANCIAL AID OFFICE OF THE ACCEPTANCE TO THE AWARDS WHICH THEN BECOME PART OF THEIR FINANCIAL AID PACKAGE. SCHOLARSHIPS ARE DISBURSED TO THE STUDENTS ACCOUNT AS A CREDIT ON A QUARTERLY BASIS WHICH REDUCES THEIR TUITION. STUDENTS ARE REQUIRED TO WRITE A THANK YOU NOTE TO THE DONORS OF THE SCHOLARSHIP SHOWING THEIR APPRECIATION. IF A THANK YOU NOTE ISN'T WRITTEN, THE STUDENT DOESN'T RECEIVE THE SCHOLARSHIP. SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE. IF A STUDENT WITHDRAWS FROM SCHOOL, THE SCHOLARSHIP IS REVOKED. X X X X 0 0 0 0 0 0 0 0 0 RICHARD WAGNER PHD PRESIDENT 234507 0 0 0 293 0 6617 0 195 0 241612 0 0 0 JAMES MCDONALD CFO 156924 0 0 0 9185 0 4958 0 14620 0 185687 0 0 0 STUART LANG VP INSTITUTIONAL ADVANCEME 169822 0 0 0 0 0 5076 0 0 0 174898 0 0 0 JEFFERY YLINEN PROVOST 137120 0 0 0 3233 0 4193 0 7428 0 151974 0 0 0 X 7 17361 FAIR MARKET VALUE X 7 67470 STOCK MARKET QUOTES X AUTO SUPPLIES & EQUIPMENT 5 84142 FAIR MARKET VALUE X TOOLS & EQUIP 19 43620 FAIR MARKET VALUE X MISC. ITEMS 7 18234 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 2 THE COLLEGE LAUNCHED A BACHELOR OF SCIENCE IN SOFTWARE ENGINEERING IN FALL 2017. THE COLLEGE WAS ALSO APPROVED TO OFFER A BACHELOR OF SCIENCE IN ELECTRICAL ENGINEERING BEGINNING IN FALL 2018. FORM 990, PART III, LINE 4A FOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS A PRIVATE, NOT-FOR-PROFIT, TECHNOLOGY SCHOOL IN MINNEAPOLIS, MINNESOTA. AN ENDOWED INSTITUTION OF HIGHER EDUCATION, DUNWOODY IS THE OLDEST INSTITUTION OF ITS KIND IN THE UPPER MIDWEST, WITH A REPUTATION FOR OUTSTANDING EDUCATIONAL PROGRAMS. DUNWOODY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. THE COMMISSION'S WEB ADDRESS AND PHONE NUMBER ARE: WWW.NCAHIGHERLEARNINGCOMMISSION.ORG AND 312-263-0456. DUNWOODY STUDENTS LEARN THINGS THAT MATTER IN AN EDUCATIONAL ENVIRONMENT THAT IS RELEVANT, TANGIBLE, AND FOCUSED ON PREPARING THEM FOR LIFELONG SUCCESS. STUDENTS ARE INSPIRED TO SOLVE CONCRETE PROBLEMS AND MAKE A POSITIVE IMPACT ON THE WORLD AROUND THEM. HERE, COLLABORATIVE, HANDS-ON, PRACTICAL LEARNING AND APPLICATION MEET THE LATEST TOOLS, SOFTWARE AND TECHNOLOGY. INSTRUCTION AT DUNWOODY IS STRUCTURED ON AN 18-WEEK SEMESTER. AN ACADEMIC YEAR INCLUDES TWO 18-WEEK SEMESTERS WITH A NINE-WEEK SUMMER SESSION. PROGRAMS OF INSTRUCTION MAY LEAD TO A CERTIFICATE, ASSOCIATE OF APPLIED SCIENCE (A.A.S.) DEGREE, A BACHELOR OF SCIENCE (B.SC.) DEGREE, OR A BACHELOR OF ARCHITECTURE (B.ARCH.) DEGREE. STUDENTS ARE TREATED AS PROFESSIONALS IN THE CLASSROOM AND BENEFIT FROM THE ABILITY TO EARN WHILE THEY LEARN WITH IN-THE-FIELD OPPORTUNITIES FROM DAY ONE. THE RESULT IS STUDENTS WHO BECOME LEADERS IN THEIR FIELDS, FUEL INNOVATION, SPARK JOB CREATION, AND SPUR ECONOMIC GROWTH. THE COLLEGE CURRENTLY OFFERS MORE THAN 40 MAJORS IN THE FOLLOWING ACADEMIC DEPARTMENTS: APPLIED MANAGEMENT AUTOMOTIVE COMPUTER TECHNOLOGY CONSTRUCTION SCIENCES & BUILDING TECHNOLOGY DESIGN & GRAPHICS TECHNOLOGY RADIOLOGIC TECHNOLOGY ROBOTICS & MANUFACTURING DUNWOODY ALSO OFFERS TRAINING OPPORTUNITIES TO BOTH INDIVIDUALS AND COMPANIES THROUGH WORKFORCE TRAINING AND CONTINUING EDUCATION. DURING THE 2016-17 ACADEMIC YEAR, DUNWOODY HAD AN ENROLLMENT OF 1,502 STUDENTS. ALSO FOR THE 2016-17 ACADEMIC YEAR, DUNWOODY CAREER SERVICES REPORTS A PLACEMENT RATE OF 98%. FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE CORPORATION CONSISTING OF NO FEWER THAN FIVE (5) MEMBERS, INCLUDING THE CHAIR OF THE BOARD, PRESIDENT, AND SUCH OTHER PERSONS ELECTED BY THE BOARD OF TRUSTEES BY RESOLUTION. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE TRUSTEES. THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF TRUSTEES MAY IMPOSE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FORM 990 IS FILED THE CFO WILL PROVIDE A COMPLETE COPY OF THE FORM 990 TO THE PRESIDENT OF THE COLLEGE, THE FINANCE COMMITTEE AND THE BOARD FOR REVIEW. THE REVIEW WILL CONSIST OF MEETINGS BETWEEN THE CFO, THE PRESIDENT, THE BOARD AND FINANCE COMMITTEE TO EXPLAIN FORM 990 IN APPROPRIATE DETAIL. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, TRUSTEES AND COMMITTEE MEMBERS. IF AN INDIVIDUAL HAS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THEY ARE REQUIRED TO DISCLOSE THE MATERIAL FACTS TO THE BOARD OR COMMITTEE BEFORE THE TRANSACTION IN QUESTION IS CONSIDERED. AFTER PRESENTING THE MATERIAL FACTS, THE INTERESTED PERSON IS REQUIRED TO LEAVE THE ROOM FOR THE DISCUSSION AND VOTE ON THE MATTER. TO INVESTIGATE ALTERNATIVES, THE BOARD OR COMMITTEE MAY REQUEST COMPARABILITY DATA AND/OR APPOINT A DISINTERESTED PERSON. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY ATTAINABLE, THE DISINTERESTED BOARD OR COMMITTEE MEMBERS DETERMINE, BY MAJORITY VOTE, WHETHER TO ENTER INTO THE TRANSACTION. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MINUTES OF THE MEETING. EACH OFFICER, TRUSTEE AND COMMITTEE IS REQUIRED TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE CHAIR OF THE BOARD AND THE EXECUTIVE COMMITTEE USED SALARY BENCHMARKING DATA TO RECOMMEND THE PRESIDENT'S COMPENSATION. THE RECOMMENDATION GOES TO THE FULL BOARD FOR APPROVAL. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MINUTES OF THE MEETING. THIS PROCESS WAS LAST UNDERTAKEN IN 2016 FOR THE PRESIDENT, R. WAGNER. WHEN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, THE H.R. DIRECTOR PROVIDES SALARY BENCHMARKING DATA TO THE PRESIDENT WHO DETERMINED THE COMPENSATION. SALARY INCREASE GUIDELINES ARE PROVIDED BY THE FINANCE DEPARTMENT BASED ON BUDGET CONSTRAINTS. THIS PROCESS WAS LAST UNDERTAKEN IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT OPEN TO THE PUBLIC. FORM 990, PART XI, LINE 9: TRUST DISTRIBUTIONS -15,322. GAIN ON MATURED ANNUITIES 390,056. 1971 SENECA LLC 1971 SENECA ROAD EAGAN MN 55122 410693856 BUILDING LEASING MN 0 0 BIG SNIPPER LLC KATE L DUNWOODY TRUST PO BOX 64713 ST PAUL MN 55164 416014903 PERPETUAL TRUST MN 501(C)(3) PF DUNWOODY COLLEGE OF TECHNOLOGY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 KATE L DUNWOODY TRUST E 3200000 LOAN AMOUNT KATE L DUNWOODY TRUST S 488054 CASH TRANSFERRED