PRESENTATION COLLEGE: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- PRESENTATION COLLEGE (EIN 46-0280847)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-04-13
- IRS object ID
- 201611049349300816
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-13T17:07:05-05:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 24 2ND AVE SW PO BOX 430 | AddressLine1Txt |
| City | ABERDEEN | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 574020430 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460280847 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presentation College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 6052291634 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North Main | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Margaret Huber | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 6052291634 | PhoneNum |
| Signature | 2016-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Melissa White CPA | PreparerPersonNm |
| PTIN | P00851284 | PTIN |
| Phone | 6052258783 | PhoneNum |
| Preparation | 2016-04-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Margaret Huber | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North Main | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,080,771 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0928 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.presentation.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1951 | FormationYr |
| Legal Domicile State | SD | LegalDomicileStateCd |
| Activity Or Mission | Challenge learners toward academic excellence and the development of the whole person. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 336 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,469,506 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,699,993 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,544,312 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,590,853 | CYProgramServiceRevenueAmt |
| PY Investment Income | $579,845 | PYInvestmentIncomeAmt |
| CY Investment Income | $637,983 | CYInvestmentIncomeAmt |
| PY Other Revenue | $30,706 | PYOtherRevenueAmt |
| CY Other Revenue | $20,024 | CYOtherRevenueAmt |
| PY Total Revenue | $16,624,369 | PYTotalRevenueAmt |
| CY Total Revenue | $17,948,853 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,629,597 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,436,522 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,455,272 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,404,650 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $682,689 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,504,717 | PYOtherExpensesAmt |
| CY Other Expenses | $6,233,107 | CYOtherExpensesAmt |
| PY Total Expenses | $15,589,586 | PYTotalExpensesAmt |
| CY Total Expenses | $18,074,279 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,034,783 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$125,426 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,214,721 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,418,856 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,690,759 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,841,914 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $22,523,962 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,576,942 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $12,325,578 | ExpenseAmt |
| Revenue | $12,771,260 | RevenueAmt |
| Desc | Provided educational services at locations in Aberdeen, SD, Eagle Butte, SD, Fairmont, MN, and online to 503 full time and 232 part time students in Fall 2014 and 459 full time and 237 part time students in Spring 2015 as well as provided education to approximately 294 students through summer sessions in 2014. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,018,863 | ExpenseAmt |
| Revenue | $1,797,349 | RevenueAmt |
| Desc | Auxiliary enterprises - campus housing, food service, bookstore, and Strode facility | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,436,522 | ExpenseAmt |
| Grant | $3,436,522 | GrantAmt |
| Desc | Funded and unfunded scholarships and grants | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $44,708 | RevenueAmt |
| Desc | Other student fees and program support revenue | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $44,708 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $16,780,963 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 37 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 336 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cathy Hall | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6052298453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N Main St | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Deacon Peter Mehlhaff | ||||||
| Chair | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Ms Esther Preszler | ||||||
| Vice Chair | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Sr Patricia Prunty PBVM | ||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Larry Wirebaugh | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Sr Joan Marie Brandner PBVM | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Sr Francene Evans PBVM | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Sr Ruth Geraets PBVM | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Sr Annrita Johnson PBVM | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| John Lemke | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Brad Moore | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Michael Duch | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Sr Pam Donelan | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Dave Giovannini | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Dr Marie Morris | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Amy Thompson | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Mary Worlie | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Julie Johnson | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Todd Forkel | ||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Dr Margaret Huber | ||||||
| President | 40.00 | Yes (X) | $197,443 | $0 | $13,971 | |
| Cathy Hall | ||||||
| VP for Finance | 40.00 | Yes (X) | $110,753 | $0 | $19,216 | |
| Michael Mattison | ||||||
| VP for Enrollment | 40.00 | Yes (X) | $5,192 | $0 | $0 | |
| Bob Schuchardt | ||||||
| VP for Student Services | 40.00 | Yes (X) | $86,178 | $0 | $14,091 | |
| Dr Michelle Metzinger | ||||||
| VP for Academics | 40.00 | Yes (X) | $121,582 | $0 | $20,687 | |
| Stacy Levsen | ||||||
| VP for Mission | 20.00 | Yes (X) | $30,366 | $0 | $5,241 | |
| Cynthia Whitney | ||||||
| VP for Advancement | 40.00 | Yes (X) | $106,105 | $0 | $5,995 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $657,619 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $79,201 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $80,205 | FundraisingAmt |
| Related Organizations | $4,805 | RelatedOrganizationsAmt |
| Government Grants | $51,208 | GovernmentGrantsAmt |
| All Other Contributions | $2,563,775 | AllOtherContributionsAmt |
| Noncash Contributions | $46,639 | NoncashContributionsAmt |
| Total Contributions | $2,699,993 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Student Tuition/Fees | 611600 | $12,771,260 | $12,771,260 |
| Auxiliary Enterprises | 611710 | $1,774,885 | $1,774,885 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,708 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,708 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,590,853 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $627,580 | TotalRevenueColumnAmt |
| Exclusion | $627,580 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,806,367 | SecuritiesAmt |
| Other | $3,671 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,799,635 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,732 | SecuritiesAmt |
| Other | $3,671 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,403 | TotalRevenueColumnAmt |
| Exclusion | $10,403 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $76,330 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $80,205 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $76,330 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $278,417 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $255,953 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,464 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Loss on Refinancing of bonds | Desc |
| Business | 523000 | BusinessCd |
| Total Revenue Column | -$2,440 | TotalRevenueColumnAmt |
| Exclusion | -$2,440 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$2,440 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,948,853 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,613,317 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $635,543 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,436,522 | TotalAmt |
| Program Services | $3,436,522 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $776,165 | TotalAmt |
| Program Services | $412,857 | ProgramServicesAmt |
| Management And General | $191,745 | ManagementAndGeneralAmt |
| Fundraising | $171,563 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,632 | TotalAmt |
| Program Services | $97,632 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,794,485 | TotalAmt |
| Program Services | $5,340,225 | ProgramServicesAmt |
| Management And General | $181,018 | ManagementAndGeneralAmt |
| Fundraising | $273,242 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,853 | TotalAmt |
| Program Services | $147,079 | ProgramServicesAmt |
| Management And General | $15,250 | ManagementAndGeneralAmt |
| Fundraising | $4,524 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,110,451 | TotalAmt |
| Program Services | $1,034,837 | ProgramServicesAmt |
| Management And General | $55,540 | ManagementAndGeneralAmt |
| Fundraising | $20,074 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $459,064 | TotalAmt |
| Program Services | $404,229 | ProgramServicesAmt |
| Management And General | $25,320 | ManagementAndGeneralAmt |
| Fundraising | $29,515 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,488 | TotalAmt |
| Program Services | $4,122 | ProgramServicesAmt |
| Management And General | $6,595 | ManagementAndGeneralAmt |
| Fundraising | $5,771 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,050 | TotalAmt |
| Management And General | $39,050 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $887,259 | TotalAmt |
| Program Services | $872,100 | ProgramServicesAmt |
| Management And General | $1,000 | ManagementAndGeneralAmt |
| Fundraising | $14,159 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,896 | TotalAmt |
| Program Services | $110,621 | ProgramServicesAmt |
| Fundraising | $24,275 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,455,913 | TotalAmt |
| Program Services | $1,266,039 | ProgramServicesAmt |
| Management And General | $82,130 | ManagementAndGeneralAmt |
| Fundraising | $107,744 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,416 | TotalAmt |
| Program Services | $156,416 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $835,198 | TotalAmt |
| Program Services | $835,198 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,762 | TotalAmt |
| Program Services | $384,834 | ProgramServicesAmt |
| Management And General | $2,399 | ManagementAndGeneralAmt |
| Fundraising | $2,529 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,134 | TotalAmt |
| Program Services | $144,531 | ProgramServicesAmt |
| Management And General | $4,494 | ManagementAndGeneralAmt |
| Fundraising | $25,109 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $664,356 | TotalAmt |
| Program Services | $664,356 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,016,143 | TotalAmt |
| Program Services | $1,016,143 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,656 | TotalAmt |
| Program Services | $110,656 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Direct Student Expense | $207,165 | $207,165 |
| Bad Debt Expense | $57,146 | $57,146 |
| Orientation | $44,714 | $44,714 |
| Commencement | $11,485 | $11,485 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,326 | TotalAmt |
| Program Services | $22,056 | ProgramServicesAmt |
| Management And General | $6,086 | ManagementAndGeneralAmt |
| Fundraising | $4,184 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,074,279 | TotalAmt |
| Program Services | $16,780,963 | ProgramServicesAmt |
| Management And General | $610,627 | ManagementAndGeneralAmt |
| Fundraising | $682,689 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,271,936 | BOYAmt |
| EOY | $1,011,142 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,267 | BOYAmt |
| EOY | $417,349 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,735 | BOYAmt |
| EOY | $1,171,060 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,961 | BOYAmt |
| EOY | $98,405 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $414,995 | BOYAmt |
| EOY | $380,579 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $34,190,381 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,101,140 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,118,358 | BOYAmt |
| EOY | $22,089,241 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,902,799 | BOYAmt |
| EOY | $13,342,203 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,025,654 | BOYAmt |
| EOY | $841,861 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,016 | BOYAmt |
| EOY | $67,016 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,214,721 | BOYAmt |
| EOY | $39,418,856 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,026,254 | BOYAmt |
| EOY | $974,255 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,248 | BOYAmt |
| EOY | $815,552 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,465,370 | BOYAmt |
| EOY | $13,014,634 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $348,251 | BOYAmt |
| EOY | $79,016 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,312 | BOYAmt |
| EOY | $20,854 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,300,120 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $584,324 | BOYAmt |
| EOY | $637,483 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,690,759 | BOYAmt |
| EOY | $16,841,914 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,405,711 | BOYAmt |
| EOY | $9,532,541 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,343,878 | BOYAmt |
| EOY | $5,211,284 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,774,373 | BOYAmt |
| EOY | $7,833,117 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,523,962 | BOYAmt |
| EOY | $22,576,942 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,214,721 | BOYAmt |
| EOY | $39,418,856 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$125,426 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $193,200 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$14,794 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,455,032 | BeginningYearBalanceAmt |
| Contributions | $58,744 | ContributionsAmt |
| Investment Earnings Or Losses | $787,654 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $500,440 | OtherExpendituresAmt |
| End Year Balance | $11,800,990 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,682,324 | BeginningYearBalanceAmt |
| Contributions | $59,080 | ContributionsAmt |
| Investment Earnings Or Losses | $1,111,204 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $269,603 | GrantsOrScholarshipsAmt |
| Other Expenditures | $127,973 | OtherExpendituresAmt |
| End Year Balance | $11,455,032 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,686,521 | BeginningYearBalanceAmt |
| Contributions | $78,398 | ContributionsAmt |
| Investment Earnings Or Losses | $1,349,705 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $318,400 | GrantsOrScholarshipsAmt |
| Other Expenditures | $113,900 | OtherExpendituresAmt |
| End Year Balance | $10,682,324 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,679,588 | BeginningYearBalanceAmt |
| Contributions | $59,983 | ContributionsAmt |
| Investment Earnings Or Losses | $266,225 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $241,275 | GrantsOrScholarshipsAmt |
| Other Expenditures | $78,000 | OtherExpendituresAmt |
| End Year Balance | $9,686,521 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,819,079 | BeginningYearBalanceAmt |
| Contributions | $103,728 | ContributionsAmt |
| Investment Earnings Or Losses | $1,020,356 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $263,575 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,679,588 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.66380 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.33620 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,868 | OtherCostOrOtherBasisAmt |
| Book Value | $41,868 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,197,228 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,330,281 | DepreciationAmt |
| Book Value | $16,866,947 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,415,428 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,951,214 | DepreciationAmt |
| Book Value | $1,464,214 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,535,857 | OtherCostOrOtherBasisAmt |
| Depreciation | $819,645 | DepreciationAmt |
| Book Value | $3,716,212 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,089,241 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Student Loan Funds | $381,113 |
| Annuities Payable | $158,876 |
| Due to Presentation Convent | $97,494 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $637,483 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,036,583 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $193,200 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$3,436,522 | OtherRevenueAmt |
| Revenue Not Reported | -$3,243,322 | RevenueNotReportedAmt |
| Revenue Subtotal | $18,279,905 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$331,052 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$331,052 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,948,853 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,968,809 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $331,052 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $331,052 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,637,757 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,436,522 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,436,522 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $18,074,279 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. |
| Part V, Line 4: | The endowment funds are used for institutional scholarships and grants and support of college programs. |
| Part X, Line 2: | The 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), qualify for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and (viii), and has been determined not to be private foundations under Sections 509(a)(1) and(3), respectively. 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: | Funded and Unfunded Scholarships and Grants -3,436,522. |
| Part XI, Line 4b - Other Adjustments: | Special Events Direct Expenses -76,330. Cost of Sales Expenses -255,953. Asset Gain included in expenses on F/S 3,671. Loss on Bond Refinancing -2,440. |
| Part XII, Line 2d - Other Adjustments: | Cost of Sales Expenses 255,953. Special Events Direct Expenses 76,330. Asset Gain included in expenses on F/S -3,671. Loss on Bond Refinancing 2,440. |
| Part XII, Line 4b - Other Adjustments: | Funded and Unfunded Scholarships and Grants 3,436,522. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Publicized in newspapers, college catalogs, and website. |
| Schedule E, Part I, Line 6 | Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Black & White Ball | Event1Nm |
| Gross Receipts Event1 | $78,271 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $34,290 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $43,981 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,000 | CashPrizesEvent1Amt |
| Food And Beverage Event1 | $18,319 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,600 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $22,062 | OtherDirectExpensesEvent1Amt |
| Event2 | Mardi Gras | Event2Nm |
| Gross Receipts Event2 | $45,157 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $16,086 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $29,071 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $3,500 | CashPrizesEvent2Amt |
| Non Cash Prizes Event2 | $500 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $5,669 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $1,500 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $17,902 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $33,107 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $29,829 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $3,278 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $650 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $1,106 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $1,522 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $156,535 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $80,205 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $76,330 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $4,500 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $500 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $650 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $25,094 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $4,100 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $41,486 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $76,330 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Institutional Scholarships | GrantTypeTxt |
| Recipient | 544 | RecipientCnt |
| Cash Grant | $3,191,946 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The College has established programs for each type of scholarship and awards funds according to the parameters of each program and as funding is available. The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Margaret Huber | PersonNm |
| Title | President | TitleTxt |
| Base Compensation Filing Org | $197,443 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $9,872 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $8,214 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $215,529 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| City of Aberdeen | ||||||||
| A | 466000010 | 003252BJ1 | 2010-04-30 | $4,401,540 | Refund the August 3, 1999 Issue | 0 | 0 | 0 |
| Brown County South Dakota | ||||||||
| B | 466000011 | 115432AS5 | 2013-05-30 | $9,979,461 | Construct New Student Housing and Wellness Center | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $870,000 | $4,401,540 | $376,250 | $88,031 | $3,937,259 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $515,000 | $9,979,461 | $700,495 | $162,039 | 2013 | 0 | 0 | 0 | Yes (1) | $9,121,700 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Teresa Garafalo | |||
| Daughter of Board Member Stacy Levsen | $59,439 | Compensation and Benefits | 0 |
| Rob Garafalo | |||
| Son-in-Law of Board Member Stacy Levsen | $38,193 | Compensation and Benefits | 0 |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Other - donations of food, hotel rooms & auction gifts for fundraisers | Desc |
| Contribution | 251 | ContributionCnt |
| Noncash Contributions Rpt F990 | $46,639 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Cost or selling pric | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 3 | The Lakota campus location and Sioux Falls locations were closed at the end of the academic year. |
| Form 990, Part VI, Section A, line 6 | Members of the College are the general officers of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota as defined by the College's Articles of Incorporation. |
| Form 990, Part VI, Section A, line 7a | More than one-half of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. |
| Form 990, Part VI, Section A, line 7b | The following board of trustee decisions are subject to the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, SD corporate board approval: (a) To determine the purpose and objectives of the institution(s) under the jurisdiction and control of the Members of the Corporation consistent with the purposes set forth in the Articles of Incorporation and with the activities permitted to be conducted or carried on by an organization exempt under Section 501(c)(3) of the Internal Revenue Code and Regulations as the same exist or as they may hereafter be amended, or by an organization, contributions to which are deductible, under Section 170(c)(2) of such Code and Regulations as the same exist or as they may hereafter be amended; and further consistent with the policy of the Corporation that the purposes and objectives of the institutions under the jurisdiction and control of the Members of the Corporation shall be to serve people without regard to the consideration of sex, color, race, creed, national origin, age, sexual orientation, or handicapped status; and further consistent with the Mission and philosophy of the Presentation Sisters for Presentation College. (b) To assign, refer, or delegate any authority whatsoever of the Members of the Corporation to any person or persons, provided however, that no assignment, referral, or delegation or authority by the Members of the Corporation shall preclude the Members from exercising the authority required to meet the responsibility for the conduct of the institutions under the jurisdiction and control of such Members; and provided further that the Members of the Corporation retain the right to rescind any such assignment, referral or delegation. (c) To amend the Articles of Incorporation or Bylaws of Presentation College as provided herein. (d) To select, appoint or remove the College President, upon appropriate consultation with the Board of Trustees. (e) To approve any Statement of Mission, Purpose or Philosophy of Presentation College. (f) To authorize the commencement of any legal action brought in the name of or on behalf of Presentation College. (g) To review and act upon written recommendations from the Board of Trustees regarding the establishment or deletion of a department or educational program. (h) To receive and act upon the annual budget as submitted by the Board of Trustees. (i) To provide guidelines for the safeguarding and investment of College funds and to approve plans for raising additional funds from sources outside the operating income. (j) To approve grant applications when matching funds are required. To receive and act upon recommendations from the Board of Trustees regarding any single major expenditure exceeding $25,000 or an aggregate total of$50,000 or more, not included in the budget. To approve unbudgeted contractual agreements for purchases services over $25,000. (k) To appoint and approve such consultants as from time to time the Members of the Corporation may deem necessary. (1) To provide the physical plant; to approve all structural changes in and expansion of the physical plant and construction of new buildings. (m) To receive and act upon all acquisitions, transfers, encumbrances or alienations of property in accordance with Canon Law of the Roman Catholic Church. (n) To select, appoint or remove as members of the Board of Trustees of the College, members of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. (o) To remove any lay Trustee of the Board by a majority vote of the Members of the Corporation. Such removal shall be effective upon written notice to the removed member of the Board of Trustees. (p) To attend the annual meeting of the Board of Trustees. (q) To receive, in an expeditious manner, the agenda, exhibits and minutes of the meetings of the Board of Trustees or the committees thereof. |
| Form 990, Part VI, Section A, line 8b | Minutes are maintained for all committees however there are no committees with authority to act on behalf of the governing board. While an Executive Committee exists, their responsibilities are advisory in nature. |
| Form 990, Part VI, Section B, line 11 | Upon receipt of the completed return, the CFO reviews the return with the President. Copies are also forwarded to all members of the Finance & Investment Committee of the Board of Trustees for review. The CFO reviews the tax return with them at the first meeting following completion of the return. |
| Form 990, Part VI, Section B, line 12c | The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. |
| Form 990, Part VI, Section B, line 15 | President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed annually. |
| Form 990, Part VI, Section C, line 19 | These documents are not available to the general public. |
| Form 990, Part XI, line 9: | Transfer within Net Assets - Annuity Payments -18,980. Change in Split-Interest Agreements 4,186. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sisters of the Presentation of Blessed Virgin Mary | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N 2nd street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460253283 | EIN |
| Primary Activities | Sisters of the PBVM is the College's sponsor organization | PrimaryActivitiesTxt |
| Legal Domicile State | SD | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 1 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |