2017-03-19T13:17:22-05:00 2016-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2015-07-01 460283336 MOUNT MARTY COLLEGE MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 TABITHA LIKNESS VP OF FINANCE & ADMINSTRATION 6056681514 2017-03-08 1 LAURIE HANSON P00851848 6053391999 2017-03-08 2015 2021-01-29 14:40:06Z MARCUS LONG 1105 WEST 8TH STREET YANKTON SD 57078 22148201 0 X WWW.MTMC.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 25 24 554 28 0 0 2344897 4358447 13671697 13384146 491671 659531 1351163 1171674 17859428 19573798 5176102 4981571 0 0 8646091 9020889 0 0 237991 5192664 5325800 19014857 19328260 -1155429 245538 35800259 36118600 6041034 6552975 29759225 29565625 X MOUNT MARTY COLLEGE, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 1 0 18049818 4981571 14554661 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,190 STUDENTS. 18049818 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 108 0 1 554 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X TABITHA LIKNESS 6056681603 1105 WEST 8TH STREET YANKTON SD 57078 HON TOM HARMON CHAIR-BRD OF TRUSTEES 2.50 X X 0 0 0 SR MILDRED BUSCH V. CHAIR-BRD OF TRUSTEES 2.50 X X 0 0 0 MR MICHAEL HEALY TREAS.-BRD OF TRUSTEES 2.50 X X 0 0 0 S CLARICE KORGER SECR.-BRD OF TRUSTEES 2.50 X X 0 0 0 S PENNY BINGHAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 FR JAMES BREAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR WILLIAM CAHOY MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR JAMES COLLIER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 S MARY CAROLE CURRAN MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR CHAD EKROTH MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 S RAMONA FALLON MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR STEVEN FEENEY MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 S JOYCE FETERL MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS DEB FISCHER-CLEMENS MEMBER-BRD OF TRUSTEES BEG SEPT 2015 1.30 X 0 0 0 DR RICHARD FOSTER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS PEGGY FRANK MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 S LOUISE MARIE GOETTERTZ MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS KITTY HIGGINS MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR AL KURTENBACH MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS GERRY LIKNESS MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DCN JOHN OSNES PHD MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR GREG REDLIN MEMBER-BRD OF TRUSTEES (SEPT 2015-APRIL 2016) 1.30 X 0 0 0 MR DAN SPECHT MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR ALLAN TRAMP MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS NANCY WERNER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR JEFF WOLFGRAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR MARCUS LONG PRESIDENT 40.00 X 93284 0 15827 TABITHA LIKNESS VP OF FINANCE AND ADMINISTRATION 40.00 X 79250 0 2581 ALFRED LUPIEN DIR. & PROF.-NURSE ANEST. 40.00 X 126293 0 6315 LARRY DAHLEN PROF.-NURSE ANEST 40.00 X 135034 0 26360 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 40.00 X 146729 0 26215 JENNIFER OAKES ASST. PROF.-NURSE ANEST 40.00 X 134412 0 25009 SCOTT HOLZEMER ASST. PROF.-NURSE ANEST 40.00 X 132912 0 30684 847914 0 132991 9 0 1 0 A'VIANDS NW 5704 MINNEAPOLIS MN 554855704 FOOD SERVICE 749815 ELLUCIAN 62814 COLLECTIONS CENTER DR CHICAGO IL 60603 IT SOFTWARE/MAINTENANCE 384513 HIGH PLAINS TECHNOLOGY 5708 S REMINGTON PL SIOUX FALLS SD 57108 IT SOFTWARE/MAINTENANCE 172774 WELFL CONSTRUCTION CORP 800 WEST 23RD ST PO BOX 60 YANKTON SD 57078 CONSTRUCTION 105415 4 19275 584705 3754467 316149 4358447 TUITION & FEES 611710 13072984 13072984 311162 311162 13384146 440341 440341 21556 0 21556 21556 21556 1144287 390238 1185038 130297 -40751 259941 219190 219190 9647 19275 8488 1159 1159 2399539 1250580 1148959 1148959 19573798 14554661 0 660690 4981571 4981571 318929 318929 7155670 6756636 221253 177781 231961 216377 8348 7236 787068 739260 33318 14490 527261 478587 36081 12593 33723 23386 10337 53654 11550 42104 29723 29723 195078 194878 200 183578 183578 242085 235334 6751 301401 301401 374237 280678 93559 127085 126074 1011 20128 20128 987197 740398 246799 INSTITUTIONAL SUPPORT 1263244 1252880 10364 SUPPLIES 717999 715596 2403 EQUIPMENT RENTAL & MAIN 632526 632526 STUDENT LIFE 164142 158980 5162 19328260 18049818 1040451 237991 1127389 581002 1974530 530128 545749 1318191 1458860 301725 359619 27603453 16378591 11557274 11224862 20843346 19825802 122206 148176 35800259 36118600 1218591 1113669 909638 1110011 1532222 1246789 2380583 3082506 6041034 6552975 X 10645232 9268766 4524833 4646379 14589160 15650480 29759225 29565625 35800259 36118600 245538 -439138 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20127721 1061320 -74223 645206 103593 20366019 19689207 589354 500227 563891 87176 20127721 17011486 322809 2964286 492063 117311 19689207 14975505 420699 2108898 367545 126071 17011486 15323682 385404 -243768 400000 89813 14975505 0.08100 0.76800 0.15100 0 0 1076259 1076259 20082074 11571367 8510707 4751742 3700624 1051118 1693378 1106600 586778 11224862 DEPOSITS PAYABLE 110507 CHARITABLE REMAINDER UNITRUST 243360 REFUNDABLE U.S. GOVERNMENT ADVANCES 1478639 LONG-TERM RELATED NOTE PAYABLE 1250000 3082506 X 15284982 -439138 1259068 819930 14465052 5108746 5108746 19573798 15478582 1259068 1259068 14219514 5108746 5108746 19328260 PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE COLLEGES INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. PART X, LINE 2: MOUNT MARTY COLLEGE IS ORGANIZED AS A SOUTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). THE COLLEGE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE COLLEGE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE COLLEGE HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,250,580. SPECIAL EVENT EXPENSES 8,488. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,981,571. ADMINISTRATIVE EXPENSES NETTED TO REVENUE 127,175. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,250,580. SPECIAL EVENT EXPENSES 8,488. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,981,571. ADMINISTRATIVE EXPENSES NETTED TO REVENUE 127,175. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 COLLEGE CATALOG, NEWSPAPER, AND BROADCAST MEDIA SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE COLLEGE, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. MTMC GOLF CLASSIC 28922 19275 9647 1816 3370 1906 1396 28922 19275 9647 1816 3370 1906 1396 8488 1159 1 SCHOLARSHIPS 1189 4981571 BOOK VALUE PART I, LINE 2: THE COLLEGE HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 LARRY DAHLEN PROF.-NURSE ANEST 135034 0 0 0 0 0 7242 0 19149 0 161425 0 0 0 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 146729 0 0 0 0 0 7792 0 18454 0 172975 0 0 0 JENNIFER OAKES ASST. PROF.-NURSE ANEST 134412 0 0 0 0 0 0 0 25039 0 159451 0 0 0 SCOTT HOLZEMER ASST. PROF.-NURSE ANEST 132912 0 0 0 0 0 7175 0 25507 0 165594 0 0 0 TABITHA LIKNESS FAMILY MEMBER OF GERRY LIKNESS, BOARD MEMBER 89744 COMPENSATION AS AN EMPLOYEE 0 X 1 285000 APPRAISAL OPINION X BOARD MEETING EXPENSES 22 15422 X OTHER MISCELLANEOUS ITEMS 16 11572 X FOOD DONATIONS FOR VARIOUS CAMPUS EVENTS 10 4155 0 0 1 0 FORM 990, PART III, LINE 2 IN MAY 2016, MOUNT MARTY COLLEGE WAS APPROVED TO OFFER A DOCTORAL PROGRAM IN NURSE ANESTHESIA, WITH NEW COHORT BEGINNING SUMMER OF 2017. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 2 TABITHA LIKNESS AND GERRY LIKNESS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE COLLEGE AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE COLLEGE; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE COLLEGE AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE COLLEGE; (E) TO AMEND THE BYLAWS OF THE COLLEGE; (F) TO OVERSEE THE COLLEGE'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE COLLEGE'S FINANCIAL POSITION; (G) TO RECEIVE THE COLLEGE'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE COLLEGE, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE COLLEGE; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FIRM. THE FINANCE & AUDIT COMMITTEE REVIEWS THE 990 AND A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD ALONG WITH A RECOMMENDATION FROM THE FINANCE & AUDIT COMMITTEE. THE FULL BOARD THEN REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS IS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. NO SALARY INCREASES WERE GIVEN FOR THE YEAR ENDED 6/30/16. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 0 CHARITABLE REMAINDER TRUSTS (1) CRT SD N/A T 1 0 0 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 0 1