2017-05-09T09:35:54-07:00 2016-06-30 990 2015-07-01 741109641 ST EDWARDS UNIVERSITY STED 5124488400 3001 S Congress Avenue Austin TX 787046489 Kimberly Kvaal VP for Finance and Administration 5124488400 2017-05-09 2015 2021-01-29 14:40:06Z Dr George Martin CO St Edwards University 3001 South Congress Ave Austin TX 78704 203460350 0 X http://www.stedwards.edu X 1969 TX To provide a culturally diverse student body with an education that achieves a balance among the humanities, the sciences and the professions. We prepare graduates through training in critical and creative thinking as well as moral reasoning, to analyze problems, propose solutions and make responsible decisions. 33 33 2354 12 0 0 8115781 9768891 159589498 170850060 3366060 405412 113304 154198 171184643 181178561 53907880 61161695 0 0 70644012 70177045 13703 0 3002233 39151134 39586493 163716729 170925233 7467914 10253328 320194780 366572049 106220936 145676205 213973844 220895844 To provide a culturally diverse student body with an education that achieves a balance among the humanities, the sciences and the professions. To make graduates competent in a chosen discipline and to help them understand and appreciate the contributions of other disciplines. To promote excellence in teaching and learning in an environment that encompasses the campus classroom, student life programs and the broader community. To prepare graduates through training in critical and creative thinking as well as moral reasoning, to analyze problems, propose solutions and make responsible decisions. 0 0 156665642 61161695 171004258 Higher Education: The purpose of the organization's program services is to educate students by providing instruction; support to academic programs through such services as counseling, library facilities, athletics, campus activities for students, etc. and by providing students with residence halls, dining and bookstore services in support of the educational mission. The university served 4620 students in this reporting period. 0 0 0 156665642 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 235 0 1 2354 1 1 1 1 FR 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X St Edwards University Att Kimberly Kvaal VP Finance and Administration 5124488400 3001 S Congress Ave Austin TX 787046489 X Carolyn Lewis Chair Board Member 1 0 X 0 0 0 Graham Hughes Abell Vice Chair Board Member 1 0 X 0 0 0 Timothy F Gavin Secretary Board Member 1 0 X 0 0 0 Martin Rose Treasurer Board Member 1 0 X 0 0 0 Kevin J Koch Board Member 1 0 X 0 0 0 Marilyn L ONeill Board Member 1 0 X 0 0 0 Theodore R Popp Board Member 1 0 X 0 0 0 J William Sharman Jr Board Member 1 0 X 0 0 0 F Gary Valdez Board Member 1 0 X 0 0 0 Brother Richard Daly Board Member 1 0 X 0 0 0 John H Bauer Board Member 1 0 X 0 0 0 Steve D Shadowen Board Member 1 0 X 0 0 0 Debbie Adams Board Member 1 0 X 0 0 0 Peter Winstead Board Member 1 0 X 0 0 0 Patricia Berrier Munday Board Member 1 0 X 0 0 0 Sister Amata Miller Board Member 1 0 X 0 0 0 Brother Richard Gilman Board Member 1 0 X 0 0 0 Monsignor Elmer Holtman Board Member 1 0 X 0 0 0 Duncan Knapp Underwood Board Member 1 0 X 0 0 0 Edward E Leyden Board Member 1 0 X 0 0 0 Donna VanFleet Board Member 1 0 X 0 0 0 Ian J Turpin Board Member 1 0 X 0 0 0 Melba Whatley Board Member 1 0 X 0 0 0 Margaret Crahan Board Member 1 0 X 0 0 0 Sharon Daggett Board Member 1 0 X 0 0 0 Brother James Branigan Board Member 1 0 X 0 0 0 Thomas Carter Board Member 1 0 X 0 0 0 Joseph Lucci III Board Member 1 0 X 0 0 0 Regina L Lewis Board Member 1 0 X 0 0 0 Ellie Ghaznavi Board Member 1 0 X 0 0 0 Frank Martin Moore Board Member 1 0 X 0 0 0 Fowler Thomas Carter Board Member 1 0 X 0 0 0 Brother William Zaydak Board Member 1 0 X 0 0 0 Katherine Paige Booth VP Marketing & Enrollment Management 40 0 X 284680 0 38281 Mary Boyd Vice President for Academic Affairs 40 0 X 260371 0 30867 Jose Edward DeMedeiros Vice President University Advancement 40 0 X 181793 0 26116 Donna M Jurick SND Exec. Vice President 40 0 X 0 0 7224 Lisa Lynne Kirkpatrick Vice President Student Affairs 40 0 X 169682 0 27019 Kimberly Kvaal Vice President Finance and Administration 40 0 X 269594 0 8559 George E Martin President 40 0 X 1376482 0 143470 David Waldron Vice President Information Technology 40 0 X 235770 0 32808 William Clabby Assoc. Vice President for Global Initiatives 40 0 X 202778 0 37610 Frank Krafka Jr Professor of Business Administration 40 0 X 226107 0 13144 Paul T Newton Professor University Studies 40 0 X 188051 0 8015 Nancy Schreiber Dean Bill Munday School of Business 40 0 X 183424 0 18799 Raymond J Spinhirne Staff Enterprise Information Systems 40 0 X 201953 0 11696 Michael Larkin Vice President University Advancement 40 0 X 144871 0 12701 Sandra L Pacheco Vice President Student Affairs 40 0 X 177089 0 21642 4102645 0 437951 90 1 1 0 Bon Appetit 91337 Collections Drive PO Box 91337 Chicago IL 60693 Food Services 4583898 Jo's Campus Coffee LLC 1101 Music Lane Suite 303 Austin TX 78704 Food Services 969536 JM Mitchell Group Inc 6202 Ledge Mountain Dr Austin TX 78731 Marketing 906254 Echelon Holding Ltd 1005 Congress Ave Suite 150 Austin TX 78701 Real Estate Leasing 643607 FreshForm Interactive Inc 2150 West Washington Suite 112 San Diego CA 92110 Software, Consulting, WEB Site Maintenance 546675 35 0 0 0 0 1673497 8095394 49236 9768891 Tuition, Fees, Auxiliary Services Revenues 611310 170850060 170850060 0 0 0 0 0 0 170850060 2486835 0 0 2486835 0 0 0 0 0 0 0 0 231302 0 127104 0 104198 0 104198 104198 0 0 20073262 0 22154685 0 -2081423 0 -2081423 0 0 -2081423 0 Other Income 900099 50000 50000 0 0 0 0 0 0 50000 181178561 171004258 0 405412 0 0 61161695 61161695 0 0 0 0 2821102 1463354 1092661 265087 0 0 0 0 53061468 43593248 7744590 1723630 2794090 2334639 363067 96384 7794585 6243070 1272675 278840 3705800 2669025 884803 151972 0 0 0 0 121039 0 118539 2500 164210 0 164210 0 0 0 0 0 178246 178246 0 0 0 0 0 0 1794758 1708966 41895 43897 5908362 5083192 735026 90144 691767 683284 8483 0 0 0 0 0 3716330 3551608 164722 0 2949180 2673456 218921 56803 0 0 0 0 509241 322072 162388 24781 4252487 4177337 75150 0 0 0 0 0 9485488 8516931 968557 0 906885 64024 842861 0 Contract, Technical, Other Labor Expenses 7020116 6414739 453032 152345 Special Projects and Events 652074 332295 204207 115572 Bad Debt Expnese 651511 651511 0 0 Allocate Information Technology Expenses 0 4357879 -4357879 0 584799 485071 99450 278 170925233 156665642 11257358 3002233 X 37926614 43870878 2273187 2726031 5466957 2905502 2082082 2208542 3378715 2710629 271110904 94794534 177874296 176316370 82220784 84204130 8465637 12719563 506508 38910404 320194780 366572049 9239898 7781200 5010476 4732787 83137500 112506000 8833062 20656218 106220936 145676205 X 132716168 136755391 19294716 17072300 61962960 67068153 213973844 220895844 320194780 366572049 X 10253328 -2121104 0 0 0 -1210224 X X 0 1 X 1 1 1 X 20366920 25651422 6596570 8115781 9768891 70499584 0 0 0 0 0 0 0 0 0 0 0 0 20366920 25651422 6596570 8115781 9768891 70499584 36718968 33780616 1732280 1841300 1757314 1982919 2718137 10031950 0 0 0 0 0 0 60553 74353 36901 100000 50000 321807 80853341 763343316 0.41780 0.44871 X Schedule A, Part II, Line 10 Fiscal Year Ended June 30, 2016 - $50,000 is a distribution to the university from the Catholic Cemetery Association of Austin related to the university's exempt function and revenue excluded from tax under Sections 512-514. Fiscal Year Ended June 30, 2015 - $100,000 is a distribution to the university from the Catholic Cemetery Association of Austin related to the university's exempt function and revenue excluded from tax under Sections 512-514. Fiscal Year Ended June 30, 2014 - $36,901 includes distribution to the university from the Catholic Cemetery Association of Austin, $50,000; change in the value of split interest agreements, expense $13,099 related to the university's exempt function and revenue excluded from tax under Sections 512-514. Fiscal Year Ended June 30, 2013 - $74,353 includes distribution to the university from the Catholic Cemetery Association of Austin, $100,000; Insurance recoveries, $19,038; change in value of split interest agreements, expense $44,685 related to the university's exempt function and revenue excluded from tax under Sections 512-514. Fiscal Year Ended June 30, 2012 - $60,553 includes distribution to the university from the Catholic Cemetery Association of Austin, 100,000; Insurance recoveries, $56,634; change in value of split interest agreements, expense of $96,081 related to the university's exempt function and revenue excluded from tax under Sections 512-514. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95017043 5491207 -1726291 2253661 1449409 178246 94900643 94630126 4453531 -832674 1708714 1347844 177382 95017043 80509468 3676232 12781769 906939 1242634 187770 94630126 54169154 21331269 6897277 486725 1222520 178987 80509468 54848981 1398998 1022 645480 1275492 158875 54169154 0.192 0.707 0.101 0 1 1 0 3479883 3479883 0 220144350 62511667 157632683 0 0 0 0 0 30011670 23251756 6759914 0 17475001 9031111 8443890 176316370 Bond Issue Proceeds Construction & Cap Int 37283519 F University Maintenance Fund 967248 F Other Investments 659637 F 38910404 0 Fair Value Interest Rate Swap 4716088 Annuities Payable 6714173 Govt Grants Refundable 2103973 Unamortized Bond Premium 5915211 Capital Leases Payable 223856 Other Liabilities 982917 20656218 X Schedule D, Part V, Line 1b For the fiscal year ended June 30, 2016, contributions include additional funding of $1,080,000 to the university's endowment from university operating resources. Schedule D, Part V, Line 4 The university's endowment funds are used to provide scholarships and support university programs in the furtherance of the educational mission. Schedule D, Part X, Line 2 The university follows accounting guidance related to accounting for uncertain income tax positions. As required by the guidance, the university recognizes in its financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the position. The university recognizes the potential accrued interest and penalties related to unrecognized tax benefits within general institutional expenses. Tax positions taken related to the university's tax exempt status, unrelated business activities taxable income and the deductibility of expenses and other miscellaneous tax positions have been reviewed and management is of the opinion that material positions taken by the university would more likely than not be sustained by examination. Accordingly, the university has not recorded an income tax liability for uncertain tax positions. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All responses to public inquiry concerning admissions and financial aid requirements are met with literature; such as catalogues, brochures and applications that have the organization's non-discriminatory policy clearly stated. Advertisements for the organization typically are for course offerings of the current semester. A statement of non-discriminatory policy is stated in each advertisement. Schedule E, Part I, Line 6 The university administers various student financial aid programs including SEOG, College Work Study and National Direct Student Loans. The university is also involved in various educational programs for which funds are received from both State and Federal agencies. Europe (including Iceland and Greenland) 1 6 Program Services Educational and cultural activities for the organization's students and local residence students. 537244 1 6 537244 1 0 1 1 0 0 Schedule F, Part I, Line 3 Column [e]: Europe (France) Only-Educational and cultural activities for the organization's students and local residence students. Column [f]: The University uses the accrual method of accounting. For the European region, cash disbursements are made by cash payment, check, credit/debit card, wire transfer and direct charges against funds on deposit at a France financial institution. For the other regions, cash disbursements are made by cash payment, check, credit card and wire transfers from the United States. The university has no investments in this region; only the expenditures as shown on Part I, Line 3, Column [f]. 1 Scholarships to Students 3452 61161695 0 Fair Market Value Schedule I, Part I, Line 2 St. Edward's University's Office of Student Financial Services monitors the use of grant funds through the following procedures: Enrollment Committee - The Enrollment Committee reviews awarding and renewal policies for the university grants and scholarships and establishes freshmen and transfer enrollment goals along with the financial aid packaging strategy necessary to achieve these goals. The committee engages a nationally recognized leader in the enrollment management consulting field to assist in the establishment and monitoring of freshmen and transfer enrollment goals and financial aid packaging. Each committee member and other key university personnel receive weekly reports throughout the financial aid awarding cycle. The Enrollment Committee is comprised of the Vice President for Academic Affairs, Vice President for Marketing and Enrollment Management, Vice President for Finance and Administration (ex-officio), Associate Vice President for Student Financial Services and Associate Vice President for Undergraduate Admission. Compliance and Funds Management - The enterprise software database used to administer financial aid, (This includes all funding sources for grants and scholarships; university, federal, state, local and private sources.) has a comprehensive compliance function. The Compliance and Funds Management Modules allow for staff to add additional functionality as necessary. The compliance function identifies grant and scholarship offers that fail to meet awarding criteria and prevents financial aid from being applied to a student if the student does not meet the disbursing criteria. The funds management function ensures the financial aid records and university general ledger records reconcile with each other. Further monitoring is accomplished through numerous reports specific to financial aid identifying codes, the individual types of grants the various forms of grants and individual funding sources. Annual Independent Audits - Annual audits are performed by an independent public accounting firm who render an opinion as to whether federal and certain state funded financial aid programs are exercised in compliance with applicable laws and regulations governing said programs. X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 Katherine Paige Booth VP Marketing & Enrollment Management 257226 0 26522 0 932 0 18550 0 21096 0 324326 0 0 0 Mary Boyd Vice President for Academic Affairs 256380 0 0 0 3991 0 9373 0 24544 0 294288 0 0 0 Jose Edward DeMedeiros Vice President University Advancement 180684 0 0 0 1109 0 13096 0 14277 0 209166 0 0 0 Lisa Lynne Kirkpatrick Vice President Student Affairs 169874 0 0 0 807 0 12335 0 15487 0 198503 0 0 0 Kimberly Kvaal Vice President Finance and Administration 257338 0 0 0 12256 0 6059 0 4957 0 280610 0 0 0 George E Martin President 449783 0 46500 0 880199 0 134290 0 20988 0 1531760 0 537060 0 David Waldron Vice President Information Technology 233114 0 0 0 2655 0 16993 0 17869 0 270631 0 0 0 William Clabby Assoc. Vice President for Global Initiatives 176479 0 0 0 26299 0 13355 0 25011 0 241144 0 0 0 Frank Krafka Jr Professor of Business Administration 81521 0 0 0 144586 0 5984 0 7292 0 239383 0 0 0 Paul T Newton Professor University Studies 77131 0 0 0 110919 0 5156 0 2995 0 196201 0 0 0 Nancy Schreiber Dean Bill Munday School of Business 175894 0 0 0 7530 0 6358 0 12924 0 202706 0 0 0 Raymond J Spinhirne Staff Enterprise Information Systems 66942 0 0 0 135010 0 4455 0 7412 0 213819 0 0 0 Michael Larkin Vice President University Advancement 128084 0 0 0 16787 0 9089 0 4252 0 158212 0 0 Sandra L Pacheco Vice President Student Affairs 175710 0 0 0 1379 0 12617 0 9339 0 199045 0 0 0 Schedule J, Part I, Line 1a Dr. George Martin, President, received a housing allowance and reimbursement for life insurance per employment contract. Both the housing allowance and life insurance are taxable and reported to Dr. Martin on IRS Form W-2. Schedule J, Part I, Line 4 George E. Martin: The University established a non-qualified deferred compensation plan under IRS Code Section 457F for the purpose of providing a retirement benefit for the university President, George E. Martin. Under the terms of the plan, the university agreed to establish a non-vested retirement account in a financial institution of the university's selection in the name of the university on behalf of the President; make an annual contribution to the retirement account during the term of the plan; invest the account balance and distribute the account balance to the President in accordance with the occurrence of specific events. The President has no rights to or interest in the retirement account prior to the date the account becomes payable to the President under the terms and conditions set for in the plan. The President's right to the retirement benefits is non-vested and forfeitable prior to the payment date. The retirement account is the property of the university at all times prior to the payment date. The university accrued $22,740 and contributed $93,000 into the plan in the current reporting period. The President will become 100 percent vested in and entitled to payment of the retirement account at his normal retirement date; upon termination for disability or death; other than cause and voluntary cause for good reason as defined. The President forfeits all interest in the retirement account in the event of termination for cause or voluntary termination for other than good reason as defined. During the current reporting period, the President received his distribution of the 457F plan under the terms of his contract in the amount of $790,356.82. This amount includes previously reported contributions and accruals by the University of $537,060 and current reporting period contributions and accruals of $115,740. The remaining balance of $137,556.82 represents re-invested interest and dividends along with accumulated gains net of fees. During the current reporting period, the following individuals received payments under the university's early retirement program. This program was offered to select faculty and staff members. Frank Krafka, Jr.: taxable compensation of $144,330. Paul T. Newton: taxable compensation of $110,592. Raymond J. Spinhirne: taxable compensation of $127,294. Schedule J, Part II George E. Martin: Included in Column B [iii] is a taxable housing allowance of $45,000, taxable automobile allowance of $4,068, taxable long-term disability insurance of $380, contribution to IRS 457(b) plan of $18,000, taxable employer provided life insurance greater than $50,000 of $4,944, payment of IRS 457(f) plan deferred compensation of $790,357 and taxable reimbursements of $17,450. The payments of the taxable reimbursements, automobile allowance, long-term disability insurance, deferred compensation and housing allowance are made pursuant to the terms of the contract with President Martin and the university. During the current reporting period, the President received his distribution of the IRS 457(f) plan under the terms of his contract in the amount of $790,357. This amount includes previously reported contributions and accruals by the University of $537,060 and current reporting period contributions and accruals of $115,740. The remaining balance of $137,557 represents re-invested interest and dividends along with accumulated gains net of fees. Frank Krafka, Jr.: Included in Column B [iii] is a taxable compensation of $144,330 resulting from participation in the faculty early retirement program. This program was offered to select faculty members. Paul T. Newton: Included in Column B [iii] is a taxable compensation of $110,592 resulting from participation in the faculty early retirement program. This program was offered to select faculty members. Raymond J. Spinhirne: Included in Column B [iii] is a taxable compensation of $127,294 resulting from participation in the staff early retirement program. This program was offered to select staff members. A San Leanna Education Facilities Corp 201275212 000000000 2004-06-04 10000000 Construction and equipment and new dormitory facility and certain utility efficiency upgrades 0 0 0 B San Leanna Education Facilities Corp 201275212 000000000 2005-01-11 2917000 Construction and equipment for new dormitory facility 0 0 0 C San Leanna Education Facilities Corp 201275212 000000000 2006-08-01 6963000 Construction and equipment for new dormitory facility 0 0 0 D San Leanna Education Facilities Corp 201275212 79846PAX4 2007-06-21 75608063 See Schedule K, Part VI 1 0 0 A 3179000 0 10103289 0 472051 0 98500 0 0 9532738 0 0 2005 0 0 1 1 B 266500 0 2952856 0 62143 0 35985 0 0 2854728 0 0 2007 0 0 1 1 C 1235500 0 7133824 0 261961 0 92214 0 0 6449649 0 0 2007 0 0 1 1 D 10560000 40360000 79425000 0 4478234 0 288648 0 0 43964359 0 0 2009 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 1 1 0 0.032 0 0.032 1 0 1 A 0 0 1 0 1 1 Frost National Bank 28.5 1 0 0 0 1 B 0 0 1 0 1 1 Frost National Bank 30.4 1 0 0 0 1 C 0 0 1 0 1 1 Frost National Bank 28.4 1 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part I, Column f-06/21/2007 75,608,063 San Leanna Education Facilities Corp San Leanna Education Facilities Corp, CUSIP # 79846PAX4, Description of Purpose: Construction and equipment for new dormitory, parking & dining facilities. Partial advance refunding of bonds issued 9/30/1998 and 1/25/2001. Schedule K, Part II, Line 3-06/04/2004 10,000,000 San Leanna Education Facilities Corp San Leanna Education Facilities Corp, Date Issued 06/04/2004, Row A, Issue Price $10,000,000: The issue price of $10,000,000 shown in Part I, Row A, Column (e) does not agree with Part II, Line 3, Column A because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $103,289. This amount is included in Part II, Line 3, Column A but not included in the issue price shown in Part I, Row A, Column (e). Schedule K, Part II, Line 3-01/11/2005 2,917,000 San Leanna Education Facilities Corp San Leanna Education Facilities Corp, Date Issued 01/11/2005, Row B, Issue Price $2,917,000: The issue price of $2,917,000 shown in Part I, Row B, Column (e) does not agree with Part II, Line 3, Column B because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $35,856. This amount is included in Part II, Line 3, Column B but not included in the issue price shown in Part I, Row B, Column (e). Schedule K, Part II, Line 3-08/01/2006 6,963,000 San Leanna Education Facilities Corp San Leanna Education Facilities Corp, Date Issued 08/01/2006, Row C, Issue Price $6,963,000: The issue price of $6,963,000 shown in Part I, Row C, Column (e) does not agree with Part II, Line 3, Column C because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $170,824. This amount is included in Part II, Line 3, Column C but not included in the issue price shown in Part I, Row C, Column (e). Schedule K, Part II, Line 3-06/21/2007 75,608,063 San Leanna Education Facilities Corp San Leanna Education Facilities Corp, Date Issued 06/21/2007, CUSIP# 79846PAX4, Row D, Issue Price $75,608,063: Reconciliation of issue price of $75,608,063 shown in Part I, Row D, Column (e) to $79,425,672 shown in Part II, Line 3, Column D- Issue Price $75,608,063 Less: underwriters' discount (535,698) Add: accrued interest 06/01/2007 to 06/21/2007 206,102 Add: Investment income on escrow account, debt service account and construction account 4,151,625 Less: rebate credits 06/01/2008 to 06/21/2010 (4,420) Total Proceeds of Issue Part II, Line 3, Column D $79,425,672 Schedule K, Part III, Line 4-06/04/2004 10,000,000 San Leanna Education Facilities Corp Column A - The private business use percentage excludes bond issuance costs of $98,500. If the issuance costs are included the percentage calculation, the private business use percentage would be 1%. Schedule K, Part III, Line 4-01/11/2005 2,917,000 San Leanna Education Facilities Corp Column B - The private business use percentage excludes bond issuance costs of $35,985. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.2%. Schedule K, Part III, Line 4-08/01/2006 6,963,000 San Leanna Education Facilities Corp Column C - The private business use percentage excludes bond issuance costs of $92,214. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.3%. Schedule K, Part III, Line 4-06/21/2007 75,608,063 San Leanna Education Facilities Corp Column D - The private business use percentage excludes bond issuance costs of $288,648. If the issuance costs are included from the percentage calculation, the private business use percentage would be 3.6%. Schedule K, Part III, Line 6-06/04/2004 10,000,000 San Leanna Education Facilities Corp Column A - The private business use percentage excludes bond issuance costs of $98,500. If the issuance costs are included the percentage calculation, the private business use percentage would be 1%. Schedule K, Part III, Line 6-01/11/2005 2,917,000 San Leanna Education Facilities Corp Column B - The private business use percentage excludes bond issuance costs of $35,985. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.2%. Schedule K, Part III, Line 6-08/01/2006 6,963,000 San Leanna Education Facilities Corp Column C - The private business use percentage excludes bond issuance costs of $92,214. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.3%. Schedule K, Part III, Line 6-06/21/2007 75,608,063 San Leanna Education Facilities Corp Column D - The private business use percentage excludes bond issuance costs of $288,648. If the issuance costs are included from the percentage calculation, the private business use percentage would be 3.6%. Schedule K, Part IV, Line 2c-06/04/2004 10,000,000 San Leanna Education Facilities Corp Rebate Computation Performance Date: San Leanna Education Facilities Corp, Date Issued 06/04/2004, Date performed - June 4, 2006 Schedule K, Part IV, Line 2c-01/11/2005 2,917,000 San Leanna Education Facilities Corp Rebate Computation Performance Date: San Leanna Education Facilities Corp, Date Issued 01/11/2005, Date performed - January 11, 2007 Schedule K, Part IV, Line 2c-08/01/2006 6,963,000 San Leanna Education Facilities Corp Rebate Computation Performance Date: San Leanna Education Facilities Corp, Date Issued 08/01/2006, Date performed - February 1, 2008 Schedule K, Part IV, Line 2c-06/21/2007 75,608,063 San Leanna Education Facilities Corp Rebate Computation Performance Date: San Leanna Education Facilities Corp, Date Issued 06/21/2007, CUSIP# 79846PAX4, Date performed - August 31, 2010 A Red River Education Finance Corporation 752791247 756870AQ4 2016-06-28 79953738 See Schedule K, Part VI 0 0 0 A 0 0 79953738 0 0 41978408 691811 0 0 0 0 37283519 2017 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/28/2016 79,953,738 Red River Education Finance Corporation Financing the costs for the construction, furnishing and equipment of certain student housing facilities; to capitalize interest during the construction period and to refund a portion of the university's outstanding Series 2007 Bonds. Schedule K, Part II, Line 12-06/28/2016 79,953,738 Red River Education Finance Corporation 06/28/2016 79,953,738 Red River Education Finance Corporation, Issue Price $79,953,738 The unspent proceeds of $37,283,519 represent the following: Construction Funds - $35,000,000 Capitalized Interest Funds - $2,180,606 Costs of Issuance - $102,913 X 5 49236 Average FMV @ Gift Date 0 0 1 0 Schedule M, Part I, Line 9 Contributions reported are the number of contributions received from donors. Form 990, Part VI, Section A, Line 1a The Executive Committee of the university is composed of at least five voting members of the Board of Trustees, including the officers of the Board and, ex officio, the President of St. Edward's University. Members of this Committee, other than the officers of the Board and the President, are appointed by the Chairperson of the Board, these appointments being ratified by vote of the full Board. The Executive Committee shall exercise all powers of the Board at such times as the Board is not in session, except that it shall not have the power to alter or revoke any previous order, resolution, or vote of a meeting of the Board unless specifically granted such power by the Board. It shall not have the power to elect or remove officers of the Board of Trustees, elect or remove the President of St. Edward's University, or to amend the charter or Bylaws of the Corporation. The Committee shall not act on matters properly the first responsibility of standing committees for review, study, and recommendation to it and/or to the Board, except in emergencies of consequence to St. Edward's University generally. The functions of this Committee shall also include evaluation of the stated mission and goals of the University, evaluation of the various programs of the University and ensuring that these are consistent with the mission and goals of the University. The Executive Committee shall have a standing subcommittee, appointed by the Chairperson of the Board, responsible for reviewing the compensation package of the President and recommending the same to the full committee. The subcommittee will also oversee the compensation packages of senior staff to assure compliance with applicable law, regulation and good practice. Regular and special meetings shall be at the call of the Chairperson or President or upon written request of any two voting Trustee members of the Committee. Form 990, Part VI, Section A, Line 1b The Executive Committee of the university is composed of at least five voting members of the Board of Trustees, including the officers of the Board and, ex officio, the President of St. Edward's University. Members of this Committee, other than the officers of the Board and the President, are appointed by the Chairperson of the Board, these appointments being ratified by vote of the full Board. The Executive Committee shall exercise all powers of the Board at such times as the Board is not in session, except that it shall not have the power to alter or revoke any previous order, resolution, or vote of a meeting of the Board unless specifically granted such power by the Board. It shall not have the power to elect or remove officers of the Board of Trustees, elect or remove the President of St. Edward's University, or to amend the charter or Bylaws of the Corporation. The Committee shall not act on matters properly the first responsibility of standing committees for review, study, and recommendation to it and/or to the Board, except in emergencies of consequence to St. Edward's University generally. The functions of this Committee shall also include evaluation of the stated mission and goals of the University, evaluation of the various programs of the University and ensuring that these are consistent with the mission and goals of the University. The Executive Committee shall have a standing subcommittee, appointed by the Chairperson of the Board, responsible for reviewing the compensation package of the President and recommending the same to the full committee. The subcommittee will also oversee the compensation packages of senior staff to assure compliance with applicable law, regulation and good practice. Regular and special meetings shall be at the call of the Chairperson or President or upon written request of any two voting Trustee members of the Committee. Form 990, Part VI, Section A, Line 7a Board of Trustees: As provided for in the Merger Agreement, the Provincial Superior of Congregation of Holy Cross Moreau Province and another three active Trustees to be named by the Congregation of Holy Cross Moreau Province are members of the university Board of Trustees. All other members of the Board of Trustees are elected. The Board of Trustees is self-perpetuating and shall consist of Trustees elected by the Board and those persons elected as Emeriti or who sit with the Trustees, ex officio. Form 990, Part VI, Section B, Line 11b The Vice President for Finance and Administration (who reports to the university's President) is responsible for overseeing all tax compliance matters for St. Edward's University, including the preparation of the university's Form 990; accordingly, under her direction the university's Form 990 is prepared by the Director of Taxation in the university's Office of Finance and Administration. Thereafter, the university's Form 990 is reviewed by the Director of Taxation's supervisor, the Associate Vice President for Finance. Next, the university's Vice President for Finance and Administration reviews the university's Form 990 one final time before the return is provided to the university's Fiduciary Committee of its Board of Trustees, which has been delegated appropriate authority to review the return on behalf of the university's Board of Trustees. Subsequent to its review, the Fiduciary Committee reports back to the full Board of Trustees regarding its oversight of Form 990, and the final draft of the university's Form 990 (including all required schedules thereto) is provided to the entire Board of Trustees so it is able to make any appropriate inquiries regarding the data contained in the university's Form 990 before the return is filed. Form 990, Part VI, Section B, Line 12c St. Edward's University's Conflict of Interest Policy is applicable to all members of the university's Board of Trustees and Officers. A conflict is deemed to exist in the event that a Trustee, Officer or family member of either is affiliated with an organization that may transact business with the university. The policy defines "Trustee", "Officer", "family members" and "affiliation". Disclosure of any/all of these types of relationships or the appearance of such relationships is required to be made annually by September or as soon as a potential conflict arises. These disclosures are made in writing on the St. Edward's Conflict of Interest form and submitted to the Chief of Staff in the Office of the President for trustees. After collecting the Conflict of Interest forms, the Chief of Staff provides the President and Chair of the Board with a report stating whether or not there are any conflicts. If any potential conflicts are disclosed, university's legal counsel is to be notified. Counsel will in turn determine if an actual conflict exists. If a conflict is determined to exist with a trustee the matter is reported to the university President and Board Chair. If a conflict is determined to exist with a university officer, the matter is reported to the university President. In either case, the individual(s) receiving the report must take all appropriate action. Form 990, Part VI, Section B, Line 15 For the university President and key employees, the university engages national search firms to solicit candidates who meet the established criteria for the open position. As part of the work performed by these firms, a salary range acceptable to the university is determined and compared to industry data. All work performed by the national firm is reviewed by an internally appointed search committee. Once individuals are hired, any increase in compensation for key employees is approved by the President. Compensation increases for the President is approved by the Board of Trustees. Form 990, Part VI, Section C, Line 19 The university makes the following items available to the general public: Governing Document - maintained on file in the university library. Conflict of Interest Policy - maintained with the governing documents in the university library. Financial Statements - available upon request from the Office of Vice President for Finance and Administration. Form 990, Part VII, Section A, Line 1a George E. Martin: Included in Column [D] is a taxable housing allowance of $45,000, taxable automobile allowance of $4,068, taxable long-term disability insurance of $380, taxable employer provided life insurance greater than $50,000 of $4,944, payment of IRS 457(f) plan deferred compensation of $790,357 and taxable reimbursements of $17,450. The payments of the taxable reimbursements, automobile allowance, long-term disability insurance, deferred compensation and housing allowance are made pursuant to the terms of the contract with President Martin and the university. Donna M. Jurick SND is a member of the religious order of the Sisters of Notre Dame. Sister Jurick does not receive compensation from St. Edward's University; therefore, no Form W-2 is prepared or reported. Sister Jurick participates in St. Edward's University's medical and dental plan. The amounts reported on Part VII, Section A, Column F reflect the value of these benefits. Frank Krafka, Jr.: Included in Column [D] is a taxable compensation of $144,330 resulting from participation in the faculty early retirement program. This program was offered to select faculty members. Paul T. Newton: Included in Column [D] is a taxable compensation of $110,592 resulting from participation in the faculty early retirement program. This program was offered to select faculty members. Raymond J. Spinhirne: Included in Column [D] is a taxable compensation of $127,294 resulting from participation in the staff early retirement program. This program was offered to select staff members. Form 990, Part X, Line 10a Section 1.263(a)-1(f) De Minimis Safe Harbor Election: The university is making the de minimis safe harbor election under Treas. Reg. 1.263(a)-1(f) for all eligible amounts paid or incurred during the taxable year. Section 1.263(a)-3(n) Capitalization Election: The university hereby elects to capitalize repair and maintenance costs under Treas. Reg. 1.263(a)-3(n). The costs were incurred during the taxable year in the university's trade or business and the university treats such costs as capital expenditures on its books and records. Form 990, Part XI, Line 9 Other changes to net assets as follows: Loss related to change in fair market value of interest rate swaps, ($1,065,011). Loss related to change in actuarial value of annuities payable, ($145,213). Total other changes to net assets -decrease - ($1,210,224). Form 990, Part XII, Line 2b St. Edward's University, Inc. issued consolidated financial statements that are audited and opined by an independent certified public accountant prepared in accordance with GAAP and GAAS for the fiscal year ended June 30, 2016. The university's financial statements consolidate the financial activity of St. Edward's University, Inc. with the financial activity of The Catholic Cemetery Association of Austin, Inc. in which the university has a controlling and economic interest. The independent certified public accountant issued an unmodified opinion for the consolidated financial statements for the fiscal year ended June 30, 2016. In the accountant's opinion, based upon their audit and reports of other auditors, the consolidated financial statements presented fairly, in all material respects, the financial position of St. Edward's University, Inc. and its subsidiaries as of June 30, 2016 and changes in the net assets and cash flows for said year ended in conformity with accounting principles generally accepted in the United States of America. Catholic Cemetery Association of Austin 3650 South IH-35 Austin TX 78704 741185658 Private Cemetery TX 501(C)(3) 1 St Edward's University 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 Catholic Cemetery Association of Austin s 1800 Fair Market Value Catholic Cemetery Association of Austin q 50000 Fair Market Value