2017-05-12T11:32:00-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 410693856 DUNWOODY COLLEGE OF TECHNOLOGY DUNW 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PRESIDENT 6123745800 2017-05-11 1 DON LOBERG P01541048 6123764500 2015 2021-01-29 14:40:06Z RICHARD WAGNER 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 46388301 0 X WWW.DUNWOODY.EDU X 1914 MN PROVIDE TECHNICAL TRAINING IN INDUSTRIAL FIELDS IN DAY AND EVENING CLASSES IN MINNEAPOLIS, MN. 27 26 376 725 0 0 3836482 5198355 20896878 22210017 1982545 690366 0 -6318 26715905 28092420 667418 1499257 0 0 14573941 15683884 0 0 1750409 9239540 8637580 24480899 25820721 2235006 2271699 39905401 40473649 15012814 15309761 24892587 25163888 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 18388890 1499257 21910914 FOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS THE ONLY PRIVATE, NOT-FOR-PROFIT TECHNICAL COLLEGE IN THE UPPER MIDWEST. FOR MORE THAN A CENTURY, DUNWOODY HAS REMAINED AN INSTITUTION THAT VALUES HARD WORK, PROVIDES A RIGOROUS CURRICULUM, BUILDS DISCIPLINE, AND DELIVERS STATE-OF-THE-INDUSTRY TECHNICAL EDUCATION. IT HAS PROVIDED A HANDS-ON, APPLIED EDUCATION TO MORE THAN 200,000 MEN AND WOMEN, WHO IN TURN HAVE GONE ON TO MEANINGFUL AND REWARDING CAREERS AND BECOME OUTSTANDING TECHNICIANS, SUCCESSFUL ENTREPRENEURS AND INDUSTRY LEADERS. LOCATED ON THE WESTERN EDGE OF DOWNTOWN MINNEAPOLIS, DUNWOODY OFFERS MORE THAN 30 CERTIFICATE, ASSOCIATE'S DEGREE AND BACHELOR'S DEGREE PROGRAMS. PROGRAM AREAS INCLUDE: APPLIED MANAGEMENT, AUTOMOTIVE, COMPUTER TECHNOLOGY, CONSTRUCTION SCIENCES & BUILDING TECHNOLOGY, DESIGN & GRAPHICS TECHNOLOGY, ENGINEERING, RADIOLOGIC TECHNOLOGY, ROBOTICS & MANUFACTURING, AND WORKFORCE TRAINING & CONTINUING EDUCATION. ENDOWED BY WILLIAM HOOD AND KATE DUNWOODY IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY CONTINUES TO MAKE A DIFFERENCE IN THE COMMUNITY AND IN THE LIVES OF ITS STUDENTS. THIS CONTINUED FOCUS ON THE CORE MISSION AND A DEDICATION TO HANDS-ON, PROJECT-BASED LEARNING HAS ENABLED DUNWOODY TO GROW ITS ENROLLMENT, LAUNCH ITS SCHOOL OF ENGINEERING AND EXPAND OPPORTUNITIES FOR WOMEN AND STUDENTS OF COLOR. DUNWOODY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. DUNWOODY PARTICIPATES IN THE COMMISSION'S ACADEMIC QUALITY IMPROVEMENT PROGRAM (AQIP). WITH AQIP, AN INSTITUTION DEMONSTRATES IT MEETS ACCREDITATION STANDARDS AND EXPECTATIONS THROUGH SEQUENCES OF EVENTS THAT ALIGN WITH THOSE ONGOING ACTIVITIES THAT CHARACTERIZE ORGANIZATIONS STRIVING TO IMPROVE THEIR PERFORMANCE. THE COMMISSION'S WEB ADDRESS AND PHONE NUMBER ARE: WWW.NCAHIGHERLEARNINGCOMMISSION.ORG AND 312-263-0456. (WWW.DUNWOODY.EDU) 18388890 1 1 0 1 0 0 0 0 0 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 41 0 376 1 0 0 0 0 0 0 0 0 0 1 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X PETER ZELLER 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PHD PRESIDENT 40.00 X X 218420 0 6332 KAY PHILLIPS BOARD CHAIR 1.00 X X 0 0 0 CHARLIE WESTLING VICE CHAIR 1.00 X X 0 0 0 JAMES R FOX SECRETARY 1.00 X X 0 0 0 RICK D CLEVETTE TREASURER 1.00 X X 0 0 0 RUSSEL BECKER DIRECTOR 1.00 X 0 0 0 DAVID P CROSBY DIRECTOR 1.00 X 0 0 0 NANCY M DAHL DIRECTOR 1.00 X 0 0 0 BRUCE W ENGELSMA DIRECTOR 1.00 X 0 0 0 THEODORE A FERRARA DIRECTOR 1.00 X 0 0 0 MARK G FLEISCHHACKER DIRECTOR 1.00 X 0 0 0 BJORN GUNNERUD DIRECTOR 1.00 X 0 0 0 MICHAEL HANSON DIRECTOR 1.00 X 0 0 0 JAMES L HOLMGREN DIRECTOR 1.00 X 0 0 0 VICTORIA M HOLT DIRECTOR 1.00 X 0 0 0 RICHARD J JUELICH DIRECTOR 1.00 X 0 0 0 THOMAS M KIEFFER DIRECTOR 1.00 X 0 0 0 MICHAEL L LE JEUNE DIRECTOR 1.00 X 0 0 0 ANDREA L NEWMAN DIRECTOR 1.00 X 0 0 0 GARY N PETERSEN DIRECTOR 1.00 X 0 0 0 CYNTHIA WAGENER ROBIN DIRECTOR (START 10/2015) 1.00 X 0 0 0 C MARTIN SCHUSTER DIRECTOR 1.00 X 0 0 0 MICHAEL M SILL II DIRECTOR 1.00 X 0 0 0 TALLA SKOGMO DIRECTOR 1.00 X 0 0 0 TREASA SPRINGETT DIRECTOR 1.00 X 0 0 0 GREGG STEDRONSKY DIRECTOR 1.00 X 0 0 0 MARC STEADMAN DIRECTOR 1.00 X 0 0 0 ROBERT W STROM DIRECTOR 1.00 X 0 0 0 MAURICE J WAGENER DIRECTOR (LEFT 10/2015) 1.00 X 0 0 0 PAUL W WICHERT DIRECTOR 1.00 X 0 0 0 HEIDI M WILSON DIRECTOR 1.00 X 0 0 0 JAMES MCDONALD CFO 40.00 X 154747 0 16818 STUART LANG VP INSTITUTIONAL ADVANCEMENT 40.00 X 163973 0 4896 JEFFERY YLINEN PROVOST 40.00 X 128278 0 10748 PATRICIA EDMAN VP HUMAN RESOURCES 40.00 X 118733 0 9759 COLLETTE GARRITY VP OF ENROLLMENT MANAGEMENT 40.00 X 136527 0 6819 CAMI KARNOWSKI CONTROLLER 40.00 X 106054 0 10099 WILLIAM JORDAN DIRECTOR OF FACILITIES 40.00 X 105895 0 10081 1132627 0 75552 8 0 1 0 ASPEN CAPITAL CO INC MERCHANTS CAPITAL RESOURCES INC LOVELAND CO 80538 LAPTOP LEASES 945490 RILEY HAYES 333 SOUTH FIRST STREET MINNEAPOLIS MN 55401 MARKETING SERVICES 819379 CREDO LLC 940 GOLF HOUSE ROAD W 200 WHITSETT NC 27377 STRATEGIC CONSULTING SERVICES 775345 BARNES & NOBLE 100 PLAZA DRIVE SECOND FLOOR SECAUCUS NJ 07094 STUDENT AND FACULTY BOOKS/MATERIALS/SUPP 370322 TAHER INC 5570 SMETANA DRIVE MINNETONKA MN 55343 FOOD SERVICE/CATERING 211092 11 33020 88450 5076885 489145 5198355 TUITION & RELATED INCOME 611600 21910914 21910914 OTHER PROGRAM SERVICE REVENUES 900099 299103 299103 22210017 493615 493615 18486314 18289563 196751 196751 196751 0 33020 6318 -6318 -6318 28092420 22210017 0 684048 1499257 1499257 590498 590498 11588738 9206119 1516368 866251 861707 861707 1661459 808697 762392 90370 981482 733835 181737 65910 44271 44271 72231 72231 6000 6000 203585 203585 614170 38948 375564 199658 783589 716695 4161 62733 1397068 1081542 129272 186254 1189794 733054 429953 26787 1285821 35857 1249570 394 148216 97892 36425 13899 56419 34640 17427 4352 310598 310598 1361961 1361961 BAD DEBT EXPENSE 591468 476843 114625 MEALS 283727 178007 30689 75031 EQUIPMT RENTAL/MAINTENA 38905 33052 5853 COST ALLOCATIONS 0 3077579 -3105669 28090 249757 113716 119986 16055 25820721 18388890 5681422 1750409 891855 834362 418874 865397 292730 2338660 806161 517618 165286 197185 51414491 38836871 13010163 12577620 13417643 13046771 10902689 10096036 39905401 40473649 1502763 1628475 1334981 1276061 7428103 10647829 4746967 1757396 15012814 15309761 X 1205821 815558 9870114 10767113 13816652 13581217 24892587 25163888 39905401 40473649 X 2271699 -856838 -1143560 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 2016. 21638847 214108 -922475 78608 404389 20447483 21555419 573644 -323102 167114 21638847 19947776 109643 2351410 853410 21555419 19418934 30405 671353 172916 19947776 21643449 261396 272231 2758142 19418934 0.00000 0.66420 0.33580 0 0 828504 828504 28182472 21313661 6868811 21819960 17523210 4296750 583555 583555 12577620 BENEFICIAL INTEREST IN PERPETUAL TRUST 9193429 F SPLIT-INTEREST AGREEMENTS 902607 F 10096036 ANNUITY OBLIGATIONS 145095 ACCRUED PENSION COST 1350965 ENVIRONMENTAL REMEDIATION 261336 1757396 X 28206446 -856838 1276503 -23273 396392 27810054 203585 78781 282366 28092420 25400700 1276503 6318 1282821 24117879 203585 1499257 1702842 25820721 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 -29,591. SPECIAL EVENTS EXPENSE 6,318. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME GREATER THAN SPENDING RATE -1,420,476. SCHOLARSHIPS 1,499,257. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 6,318. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,499,257. 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 33020 33020 3636 2682 33020 33020 3636 2682 6318 -6318 1 SCHOLARSHIPS 541 1479361 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 0 0 0 0 0 0 0 0 0 RICHARD WAGNER PHD PRESIDENT 218141 0 0 0 279 0 6332 0 0 0 224752 0 0 0 JAMES MCDONALD CFO 146549 0 0 0 8198 0 4858 0 11960 0 171565 0 0 0 STUART LANG VP INSTITUTIONAL ADVANCEMENT 163973 0 0 0 0 0 4896 0 0 0 168869 0 0 0 X 8 30947 FAIR MARKET VALUE X 7 243598 STOCK MARKET QUOTES X TOOLS & EQUIP 22 173472 FAIR MARKET VALUE X AUTO SUPPLIES & EQUIPMENT 5 37343 FAIR MARKET VALUE X MISC. ITEMS 8 3785 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF NONCASH CONTRIBUTIONS GIVEN. FORM 990, PART III, LINE 2 THE COLLEGE ADDED A NEW BACHELOR OF SCIENCE PROGRAM IN MECHANICAL ENGINEERING. 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 A, LINE 2 CYNTHIA WAGENER ROBIN AND MAURICE J. WAGENER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 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 2016. 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: CHANGE IN PENSION LIABILITY INCLUDING OTHER COMPREHENSIVE INCOME -1,113,969. TRUST DISTRIBUTIONS -29,591. 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 S 491784 CASH TRANSFERRED KATE L DUNWOODY TRUST E 4000000 LOAN AMOUNT