2016-04-12T15:15:12-05:00 2015-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE STE 2700 BLACKSBURG VA 24060 990 2014-06-01 560547498 BELMONT ABBEY COLLEGE INC BELM 7044616814 100 BELMONT-MOUNT HOLLY ROAD BELMONT NC 28012 WILLIAM THIERFELDER PRESIDENT 7044616814 2016-04-11 MARK WOOLWINE P00647446 5404433606 2014 2016-08-17 19:52:53Z WILLIAM THIERFELDER 100 BELMONT-MOUNT HOLLY ROAD BELMONT NC 28012 36411930 0 X WWW.BELMONTABBEYCOLLEGE.EDU X 1960 NC BELMONT ABBEY COLLEGE OFFERS BACCALAUREATE LEVEL EDUCATION IN HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES, AND PROFESSIONAL STUDIES. 27 27 537 4 0 0 4006186 3833362 29223202 27843242 723754 520227 42920 177605 33996062 32374436 6189510 5889786 0 0 13932633 12850774 0 0 1088282 11870966 13155609 31993109 31896169 2002953 478267 30979736 29234263 17292798 13249381 13686938 15984882 X THE MISSION OF BELMONT ABBEY COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLOIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY OF STUDENTS AND PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, SUCCEED PROFESSIONALLY, BECOME RESPONSIBLE CITIZENS, AND BE A BLESSING TO THEMSELVES AND TO OTHERS. 0 0 25902723 5889786 27922253 INSTRUCTION - BELMONT ABBEY COLLEGE PROVIDES EDUCATION FOR STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, THE COLLEGE IS GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, THE COLLEGE WELCOMES A DIVERSE BODY OF STUDENTS AND PROVIDES THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. DURING THE 2014-2015 ACADEMIC YEAR THE COLLEGE ENROLLED APPROXIMATELY 1,500 STUDENTS. 25902723 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 130 0 1 537 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X ALLAN MARK 7044616736 100 BELMONT - MT HOLLY ROAD BELMONT NC 28012 X RT REV PLACID D SOLARI CHANCELLOR 3.00 X 0 0 0 REV MSGR MAURICIO WEST CHAIRMAN 3.00 X 0 0 0 RICHARD HOEFLING SECRETARY 3.00 X X 0 0 0 BROTHER TOBIAH ABBOTT OSB TRUSTEE 1.00 X 0 0 0 EVELYN KELLY ANDERSON TRUSTEE 1.00 X 0 0 0 THE REVEREND DAVID BROWN OSB TRUSTEE 1.00 X 0 0 0 ROBERT A DESTRO TRUSTEE 1.00 X 0 0 0 ROBERT W DINEEN TRUSTEE 1.00 X 0 0 0 SHARON L FOLK TRUSTEE 1.00 X 0 0 0 ROBERT M GALLAGHER TRUSTEE 1.00 X 0 0 0 PAUL L HERNDON TRUSTEE 1.00 X 0 0 0 RAYMOND JONES TRUSTEE 1.00 X 0 0 0 REV CHRISTOPHER KIRCHGESSNER OSB TRUSTEE 2.00 X 0 0 0 REV JOSEPH W KOTERSKI SJ TRUSTEE 1.00 X 0 0 0 WILLIAM T LAWLER TRUSTEE 1.00 X 0 0 0 HANS LENGERS TRUSTEE 1.00 X 0 0 0 ROBERT L LUDDY TRUSTEE 1.00 X 0 0 0 JEANNE-MARGARET MCNALLY RSM TRUSTEE 1.00 X 0 0 0 REGINA P MOODY TRUSTEE 1.00 X 0 0 0 PAUL J POLKING TRUSTEE 1.00 X 0 0 0 ROGER REGELBRUGGE TRUSTEE 1.00 X 0 0 0 EDWARD C RUFF TRUSTEE 1.00 X 0 0 0 LOUIS SCHMITT TRUSTEE 1.00 X 0 0 0 MICHAEL SNYDER TRUSTEE 1.00 X 0 0 0 MICHAEL D SOIGNET TRUSTEE 1.00 X 0 0 0 PETER TONON TRUSTEE 1.00 X 0 0 0 BROTHER PAUL SHANLEY OSB TRUSTEE 1.00 X 0 0 0 JOE MCCULLOUGH TRUSTEE 1.00 X 0 0 0 WILLIAM K THIERFELDER PRESIDENT 60.00 X X 364193 0 71643 ALLAN MARK CHIEF FINANCIAL OFFICER 60.00 X 185909 0 27224 RICHARD G SWANSON VICE PRESIDENT - COLLEGE RELATIONS 50.00 X 187080 0 45068 737182 0 143935 3 0 1 0 CHARTWELLS DINING SERVICES PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 2020051 SSC SERVICE SOLUTIONS PO BOX 742268 ATLANTA GA 30374 MAINTENANCE/JANITORIAL 1775146 ELLUCIAN SUPPORT INC 14083 COLLECTIONS CENTER DR CHICAGO IL 60693 COMPUTER/NETWORK SERVICES 492066 LECHASE CONSTRUCTION SERVICES LLC 5950 FAIRVIEW PLAZA STE 200 CHARLOTTE NC 28210 CONSTRUCTION SERVICES 481579 SISTERS OF MERCY OF NORTH CAROLINA 101 MERCY DRIVE BELMONT NC 28012 PROPERTY LEASING 330332 17 212283 3621079 1115824 3833362 TUITION AND FEES 611710 20752488 20752488 AUXILIARY SERVICES 611710 6666657 6666657 MISC. PROGRAM 611710 424097 424097 27843242 284466 284466 4203757 50164 3957996 60164 245761 -10000 235761 235761 98345 19334 79011 79011 DISTRIBUTIONS FROM FUNDS HELD IN 611710 98594 98594 98594 32374436 27922253 0 618821 X 5889786 5889786 967858 717046 221249 29563 9614618 8103540 1084154 426924 387847 327333 43437 17077 1125558 1043278 71275 11005 754893 603545 107547 43801 225792 225792 62228 62228 914909 683116 186481 45312 307746 188334 2396 117016 282297 196593 69422 16282 875955 757597 95221 23137 878258 686876 93072 98310 120942 103485 11998 5459 823248 823248 1091010 814601 222375 54034 216725 4448 217151 -4874 CONTRACT SERVICES 3010285 1045381 1839480 125424 FOOD SERVICES 1690790 1690790 STUDENT SERVICES 1163765 1086421 50781 26563 OTHER 558279 495443 59235 3601 933380 641862 241870 49648 31896169 25902723 4905164 1088282 22287 23931 2824607 2124881 1242487 521155 999106 934353 51795 99974 582259 352670 24233392 8071716 16324037 16161676 6289540 6469680 239669 199257 2403949 2346686 30979736 29234263 1367578 1040701 3712559 412338 1250000 935900 2881307 5037000 7145454 6759342 17292798 13249381 X -205635 2512458 4306319 3748236 9586254 9724188 13686938 15984882 30979736 29234263 X 478267 -31873 2437650 -586100 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9029223 159782 423927 237000 175200 9200732 8487467 184587 718069 182900 178000 9029223 7650283 111660 981001 101600 153877 8487467 7971380 171444 -152241 101600 238700 7650283 7666276 41854 900358 140584 103107 -879 8365676 0.78530 0.21470 1 0 20561970 5128661 15433309 3535629 2943055 592574 135793 135793 16161676 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENT 93131 FUNDS HELD IN TRUST 2253555 2346686 STUDENT DEPOSITS 272642 OBLIGATION UNDER SPLIT-INTEREST AGREEMENT 56098 CAPITAL LEASE OBLIGATIONS 6117711 OTHER LIABILITIES 312891 6759342 X 27785496 -31873 1961712 -6475885 -4546046 32331542 62228 -19334 42894 32374436 27925201 1961712 19334 1981046 25944155 62228 5889786 5952014 31896169 PART V, LINE 4: SCHOLARSHIPS AND SPECIFIC DEPARTMENTAL ACTIVITIES. PART X, LINE 2: MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (A.S.C). PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY FINANCIAL AID -5,889,786. UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -491,332. CHANGE IN FUNDS HELD IN TRUST -35,920. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -38,328. OTHER -20,519. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVENTORY COST OF SALES -19,334. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF SALES 19,334. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,889,786. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATION PUBLISHED THE FOLLOWING STATEMENT IN ITS ADMISSION MATERIALS, APPLICATION, AND NEWS ADVERTISEMENT: "ADMISSION GRANTED TO QUALIFIED APPLICANTS WITHOUT REGARD TO RACE, SEX, AGE, CREED, HANDICAP, OR NATIONAL OR ETHNIC ORIGIN." SCHEDULE E, PART I, LINE 6 BELMONT ABBEY COLLEGE STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, NORTH CAROLINA LEGISLATIVE TUITION GRANTS, AND NORTH CAROLINA INCENTIVE GRANTS. 1 SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS 1181 5889786 0 PART I, LINE 2: EXPLANATION: THE ORG. UTILIZES VARIOUS DATABASES TO STORE & MONITOR ALL DATA PERTAINING TO THE AWARDING AND DISBURSEMENT OF GRANTS RECEIVED IN THE U.S. ALL GRANTS RECEIVED ARE PROPERLY APPLIED AS PAYMENTS TOWARD STUDENTS' ACCOUNTS APPROPRIATELY. ALL PARTICIPATING GRANTING ORGANIZAITONS HAVE COMPLIANCE REQUIREMENTS THAT ARE ADHERED TO & AUDITED ANNUALLY IN ACCORDANCE WITH THE OFFICE OF MGT. AND BUDGET (OMB) CIRCULAR A-133, AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS. AS SUCH, THE ORG. PRESENTS SCHEDULES OF EXPENDITURES OF FEDERAL AND STATE AWARDS SUMMARIZING ALL EXPENDITURES USING THE ACCRUAL BASIS OF ACCOUNTING. X X 1 1 X X 0 0 0 0 0 0 0 0 0 WILLIAM K THIERFELDER PRESIDENT 259616 0 8333 0 96244 0 10973 0 60670 0 435836 0 0 0 ALLAN MARK CHIEF FINANCIAL OFFICER 185179 0 0 0 730 0 7683 0 19541 0 213133 0 0 0 RICHARD G SWANSON VICE PRESIDENT - COLLEGE RELATIONS 184316 0 0 0 2764 0 7700 0 37368 0 232148 0 0 0 JOSEPH THIERFELDER CHILD OF WILLIAM THIERFELDER, OFFICER OF THE COLLEGE 20345 DEPENDENT TUITION WAIVER ELIZABETH THIERFELDER CHILD OF WILLIAM THIERFELDER, OFFICER OF THE COLLEGE 20095 DEPENDENT TUITION WAIVER SARAH SWANSON CHILD OF RICHARD G. SWANSON, OFFICER OF THE COLLEGE 9500 DEPENDENT TUITION WAIVER RICHARDSON SWANSON OFFICER OF THE COLLEGE 1851 TUITION WAIVER ABBOT RT REV PLACID D SOLARI OSB CHANCELLOR/PRESIDENT SBS 41235 INTEREST ON LOAN REPAID MAY 2015 0 ROBERT DINEEN TRUSTEE 60086 CEO OF LINCOLN FINANCIAL NETWORK 0 SOUTHERN BENEDICTINE SOCIETY RELATED TAX EXEMPT ORG 621500 PAYMENT FOR LEASE OF RESIDENCE HALL 0 X CONSTRUCTION OF CAFETERIA BUILDING 1 1019999 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 -HOEFLING AND THIERFELDER HAVE COMMON BUSINESS RELATIONSHIP. -ABBOT PLACID, GALLAGHER AND FR. WEST HAVE COMMON ACTIVITIES WITHIN THE DIOCESE. -GALLAGHER, HOEFLING, LENGERS, RUFF, THIERFELDER, AND WEST SERVE ON THE CHARLOTTE BUSINESS COUNCIL. -FR. WEST AND JONES ARE DIRECTORS OF THE FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE. -RUFF SERVES ON DIOCESAN FINANCE COUNCIL. -GALLAGHER, LENGERS, RUFF, REGELBRUGGE, SCHMITT AND POLKING RECEIVED INTEREST INCOME AND REPAYMENT FROM THE COLLEGE ON INVESTMENT IN COLLEGE BONDS. -GALLAGHER AND HOEFLING HAVE COMMON BUSINESS RELATIONSHIP. -HOEFLING AND POLKING HAVE FAMILY RELATIONSHIP. -GALLAGHER'S SON WAS ADJUNCT PROFESSOR. -RUFF SERVED AS GRANTOR OF A CHARITABLE REMAINDER UNITRUST OF WHICH THE COLLEGE IS A BENEFICIARY. ABBOT PLACID SERVED AS A NON-BENEFICIARY TRUSTEE OF THE UNITRUST. -ABBOT PLACID IS THE PRESIDENT OF SOUTHERN BENEDICTINE SOCIETY AND CHANCELLOR OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF BELMONT ABBEY COLLEGE, INC. (BAC) ARE THE CHAPTER OF BELMONT ABBEY. IN ACCORDANCE WITH ITS RULES AND PROCEDURES, THE BUSINESS AFFAIRS OF THE COLLEGE SHALL BE MANAGED BY THE BOARD OF TRUSTEES OR BY SUCH COMMITTEES AS THE BOARD MAY ESTABLISH PURUANT TO THE BY-LAWS AND THE CHARTER OF THE COLLEGE. THE BOARD OF TRUSTEES OF THE COLLEGE SHALL CONSIST OF NOT LESS THAN TWENTY (20) NOR MORE THAN FORTY (40) TRUSTEES. THE MEMBER OF THE COLLEGE SHALL BE ENTITLED TO A MINIMUM REPRESENTATION OF THE BOARD OF TRUSTEES OF SEVEN (7) MEMBERS, ONE (1) OF WHOM SHALL BE THE ABBOT OF BELMONT ABBEY, THE CHANCELLOR EX-OFFICIO OF THE COLLEGE. SUCH REPRESENTATION SHALL BE LIMITED TO A MAXIMUM OF TWENTY-FIVE PERCENT (25%) OF THE TOTAL BOARD OF TRUSTEES THAT MAY BE SERVING FROM TIME TO TIME PROVIDED THE MINIMUM REPRESENTATION OF SEVEN (7) MEMBERS IS ALWAYS OBSERVED. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF BAC HAVE THE AUTHORITY TO ELECT OR REMOVE TRUSTEES AS OUTLINED IN THE ARTICLES OF INCORPORATION AND AMENDMENTS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF BAC HAVE RESERVED CERTAIN POWERS IN THE ARTICLES OF INCORPORATION OR AMENDMENTS THERETO AS FOLLOWS: -TO LEASE, SELL, MORTGAGE, OR ENCUMBER REAL ESTATE OWNED BY BAC; -TO MERGE, AFFILIATE, LIQUIDATE, OR DISSOLVE BAC; -TO AMEND THE ARTICLES OF INCORPORATION OF BAC; AND -TO TERMINATE THE EXISTENCE OF BAC PURSUANT TO THE NON-PROFIT LAWS OF NORTH CAROLINA. FURTHER, THE MEMBERS SHALL APPROVE IN WRITING THE FOLLOWING ACTIONS OF THE BOARD OF TRUSTEES OF BAC: -THE ELECTION AND/OR REMOVAL OF TRUSTEES; -ANY AMENDMENT OF THE BY-LAWS OF BAC; -THE APPOINTMENT OF THE PRESIDENT OF BAC; AND -THE ADOPTION OF ANY CAPITAL BUDGET OR THE ADOPTION OF ANY BUDGET REFLECTING OPERATING DEFICITS OF BAC. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT MET WITH THE FINANCE AND ADMINISTRATION COMMITTEE AND REVIEWED THE DRAFT 990 (PUBLIC INSPECTION COPY) AS WELL AS THE PREVIOUS YEAR'S 990 (PUBLIC INSPECTION COPY) FOR COMPARISON. DIFFERENCES BETWEEN THE TWO YEARS RETURNS WERE IDENTIFIED AND MANAGEMENT PROVIDED THE COMMITTEE WITH A QUESTION AND ANSWER SESSION. THE COMMITTEE DETERMINED NO FORMAL ACTION WAS NEEDED TO BE TAKEN BY THE COMMITTEE IN ORDER FOR MANAGEMENT TO FILE THE 990. SUBSEQUENTLY, THE PUBLIC INSPECTION COPY WAS SENT TO EACH TRUSTEE IN ADVANCE OF THE FILING DEADLINE (APRIL 15, 2016). FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY WITH THEIR EMPLOYMENT CONTRACT. BOARD MEMBERS ARE REQUIRED TO FILE A REPORT ANNUALLY WHICH DISCLOSES ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE TERMS AND CONDITIONS OF EACH AMENDMENT TO THE PRESIDENT'S EMPLOYMENT AGREEMENT ARE PRESENTED TO THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE FOR DISCUSSION, COMMENT AND APPROVAL. PEER INSTITUTION COMPENSATION DATA IS PROVIDED FOR CONSIDERATION AS PART OF THE APPROVAL PROCESS. LIFE INSURANCE BENEFITS, IF ANY PROPOSED, WOULD ALSO BE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN F THE COLLEGE, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART IX, LINE 24E EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 119,890. MANAGEMENT AND GENERAL EXPENSES 228,481. FUNDRAISING EXPENSES 11,611. TOTAL EXPENSES 359,982. RENTAL EXPENSES: PROGRAM SERVICE EXPENSES 224,482. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 224,482. REPAIRS: PROGRAM SERVICE EXPENSES 208,429. MANAGEMENT AND GENERAL EXPENSES 10,319. FUNDRAISING EXPENSES 1,965. TOTAL EXPENSES 220,713. CONSULTING FEES: PROGRAM SERVICE EXPENSES 89,061. MANAGEMENT AND GENERAL EXPENSES 3,070. FUNDRAISING EXPENSES 36,072. TOTAL EXPENSES 128,203. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -491,332. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -38,328. CHANGE IN VALUE OF FUNDS HELD IN TRUST -35,920. OTHER CHANGES -20,520. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENTS: DONATION OF CAFETERIA BUILDING RECLASSIFIED FROM DEFERRED REVENUE $2,309,661 REMOVAL OF PREPAID EXPENSES ASSOCIATED WITH CAFETERIA DONATION -154,771 NET ADJUSTMENT TO ELIMINATE LIABILITY FOR LIGHTING CONTRACT 193,323 REDUCTION OF OVERACCRUAL OF ACCUMULATED VACATION 86,513 OTHER MINOR ADJUSTMENTS 2,924 TOTAL PRIOR PERIOD ADJUSTMENTS ON FORM 990, PART XI LINE 8 $2,437,650 SOUTHERN BENEDICTINE SOCIETY OF NORTH CAROLINA 100 BELMONT-MOUNT HOLLY ROAD BELMONT NC 28012 560530237 RELIGIOUS COMMUNITY NC 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 SOUTHERN BENEDICTINE SOCIETY C 50000 CASH CONTRIBUTION INCLUDED ON SCH SOUTHERN BENEDICTINE SOCIETY K 2583212 FAIR MARKET VALUE-DORM LEASE & FA SOUTHERN BENEDICTINE SOCIETY P 83872 FAIR MARKET VALUE-OTHER OPERTG EX SOUTHERN BENEDICTINE SOCIETY R 976284 REPAYMENT OF DEBT & INTEREST SOUTHERN BENEDICTINE SOCIETY Q 565531 FAIR MARKET VALUE - OTHER OPERTG