2015-04-20T10:55:38-07:00 2014-06-30 990 2013-07-01 410969244 COLLEGE OF ST BENEDICT COLL 3203635999 37 S College Ave Saint Joseph MN 56374 Susan Palmer VP Finance & Administration 3203635298 2015-04-20 2013 2016-02-25 16:41:14Z Susan Palmer 37 South College Ave Saint Joseph MN 56374 117505299 0 X www.csbsju.edu X 1913 MN The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 47 46 2534 45 1225029 0 8933260 8929515 92601616 96024408 1440495 1390314 2027450 1288065 105002821 107632302 35177038 36923279 0 0 36410435 38287276 83101 193012 3371730 26273682 26885968 97944256 102289535 7058565 5342767 169655054 179692903 44495523 42073658 125159531 137619245 The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The College fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 0 0 74626533 36923279 76068195 Higher Education: Educational instruction, 2,035 Fall FTE students enrolled in undergraduate courses, 494 graduates. The College of Saint Benedict designs programs to meet the needs and aspirations of young women, emphasizing women's leadership and a personal development profile that includes intellectual, spiritual, emotional and physical development. Its values-based and value-added residential liberal arts education provides the framework for fulfilling lives of disciplined inquiry and leadership in careers devoted to the professions, public life and service to others. 14794668 0 19134147 Higher Education: Auxiliary Revenue (dining, housing, etc.) 2,035 students. The Residential Life program at the College of Saint Benedict provides a four year residential experience of community living which supports and challenges our students with opportunities for personal and social growth. This experience allows women to develop an understanding and appreciation of their responsibilities to themselves and others living in the community on campus and beyond. As the residence hall students' primary dining location, the CSB Gorecki is the "kitchen" of the CSB campus community. As in most American homes today, the kitchen is the heart of a home where family congregate and discuss important issues of the day. We encourage our students to dine, relax, and gather with friends at the CSB Gorecki Center thus promoting a feeling of campus community. Dining at the CSB Gorecki Center provides students with the best value for their food dollars. 0 0 881438 Other program services (Fine Arts Programming, etc.). These areas curate a series of arts events that bring the finest regional and national artists to our community; support and enhance the academic mission of CSB through programming, resources, and personnel; create institutional visibility and recognition through active leadership in local, state, and national arts organizations; provide responsible fiscal management of resources and generate revenue through grants, sponsorships, and ticket sales; create learning initiatives to encourage participation in the arts by "students" of all ages; strengthen community resources in the arts through professional support of regional arts organizations that produce and present in our Fine Arts facilities and provide professional development opportunities for educators to promote interdisciplinary teaching through the arts. Expenses related to these revenues are included in Part IX, Statement of Functional Expenses. 0 0 0 89421201 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 177 0 2534 1 1 1 1 AS CH CI EI FR JA SF SP UK 0 0 0 1 1 0 0 0 0 X 47 46 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AR DC KY LA MA MD ME MN MO NH NM OH OR SC VA WA WV X Susan Palmer 3203635298 37 S College Ave Saint Joseph MN 56374 Ingrid Anderson OSB Trustee 3 0 X 0 0 0 Annette Hendrick Trustee 8 0 X 0 0 0 Jean Juenemann Trustee 3 0 X 0 0 0 Shari Lamecker Rogalski Trustee 5 0 X 0 0 0 George Marin Trustee 4 0 X 0 0 0 Lynn Newman Trustee Board Chair 9 0 X 0 0 0 Joyce Statz Trustee 4 0 X 0 0 0 Michelle Bauerly Kopel Trustee 3 0 X 0 0 0 Barbara Melsen Trustee 6 0 X 0 0 0 Mary Catherine Holicky Trustee 3 0 X 0 0 0 Harvey Chase Jewett Trustee 6 0 X 0 0 0 Theresa Wurst Trustee 4 0 X 0 0 0 Rosetta Ross Trustee 3 0 X 0 0 0 Carolyn Smallwood Trustee 4 0 X 0 0 0 MaryAnn Baenninger President 77 0 X X 502295 0 45048 Dana Badgerow Trustee 4 0 X 0 0 0 Iris Cornelius Trustee 4 0 X 0 0 0 James Graves Trustee 3 0 X 0 0 0 Laura Kelly Lovdahl Trustee 3 0 X 0 0 0 Kathleen Mock Trustee 3 0 X 0 0 0 Judy Poferl Trustee 3 0 X 0 0 0 Donald Pyatt Trustee 5 0 X 0 0 0 Scott Blattner Trustee 4 0 X 0 0 0 Judith Healey Trustee 4 0 X 0 0 0 Kathleen Henderson Trustee 6 0 X 0 0 0 Tom Mohr Trustee 3 0 X 0 0 0 Richard Schneider Trustee 5 0 X 0 0 0 Lori Zumwinkle Trustee 4 0 X 0 0 0 S Michaela Hedican Trustee 2 0 X 0 0 0 Patricia Ruether OSB Trustee 3 0 X 0 0 0 Andrea Driscoll Student Trustee 3 0 X 0 0 0 Terry Dolan Trustee 7 0 X 0 0 0 Becky Coborn Trustee 3 0 X 0 0 0 Pam Bacon Faculty Trustee 52 0 X 72503 0 24294 Elizabeth Dinndorf Trustee 3 0 X 0 0 0 Gregory Duppler Trustee 5 0 X 0 0 0 Mark Fleischhacker Trustee 4 0 X 0 0 0 Nada Mourtada-Sabbah Trustee 3 0 X 0 0 0 Margaret Murphy Trustee 3 0 X 0 0 0 Marilyn Porter Trustee 3 0 X 0 0 0 Carol Morrow Schleif Trustee 5 0 X 0 0 0 Thomas Schlough Trustee 8 0 X 0 0 0 Daniel Scott Trustee 4 0 X 0 0 0 Lisa Spoden Trustee 4 0 X 0 0 0 LeAnne Matthews Stewart Trustee 8 0 X 0 0 0 Mary Thompson Trustee 3 0 X 0 0 0 Jennifer Barta Trustee 3 0 X 0 0 0 Susan Palmer VP Administration and Finance 65 0 X 225951 0 20872 Rita Knuesel VP Academic Affairs 65 0 X 202196 0 25467 Calvin Ryan-Mosley VP Admissions and Financial Aid 65 0 X 186193 0 45562 Kimberly Motes VP Institutional Advancement 65 0 X 191635 0 27811 Mary Geller VP Stud Dev. 60 0 X 145325 0 28791 James Koenig IT Services Director 40 0 X 123224 0 18567 Janet Grochowski Education Department Chair 65 0 X 116119 0 11856 Timothy Benz AD Institutional Advancement 40 0 X 139455 0 12645 Brad Sinn Facilities Director 50 0 X 117377 0 17964 2022273 0 278877 17 0 1 0 Minnesota Elevator PO Box 0129 St Claire MN 56080 Elevator Repair 317551 Cultural Experiences Abroad Inc 2999 N 44th St Phoenix AZ 85018 Travel Planning 258265 Rice Building Systems 1019 Industrial Drive S Sauk Rapids MN 56379 Construction 254317 Palmer Printing PO Box 1575 St Cloud MN 56302 Printing 193141 Campbell & Company 1 East Wacker Drive Chicago IL 60601 Fundraising Consultant 186426 11 0 0 59030 0 1619576 7250909 294074 8929515 Tuition and Fees 611310 76068195 76068195 0 0 Auxiliary Revenue (dining, housing, bookstore) 721310 19074775 18399229 675546 0 Other sources - Fine Arts 711190 881438 881438 0 0 0 0 0 0 96024408 534483 0 0 534483 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8996237 130000 8083644 186762 912593 -56762 855831 0 0 855831 143214 59030 139550 3664 0 3664 0 0 0 0 0 0 2747442 1463041 1284401 734918 549483 0 0 107632302 96083780 1225029 1393978 36923279 36923279 2229434 326343 1657348 245743 0 28107768 23699675 2832459 1575634 1953606 1643514 199252 110840 3846224 3023345 611210 211669 2150244 1813025 216683 120536 499896 126689 373207 736376 736376 67440 6548 60892 193012 193012 99899 99899 0 0 878208 414490 159755 303963 2060982 1864776 47618 148588 736337 467799 166040 102498 4167721 3611954 515837 39930 1343240 904311 308857 130072 521388 183481 163778 174129 1117478 1072211 45267 4505088 3866471 638617 520781 224166 281499 15116 Supplies 4364259 4349234 15025 0 Student Programming 3968414 3838331 130083 0 Equipment Repair and Maintenance 434605 391784 42821 0 Expendable Equipment 863856 669775 194081 0 0 0 0 0 102289535 89421201 9496604 3371730 18333574 20530556 3621385 5930918 777030 745950 0 0 0 0 6052097 5911883 489312 958145 983545 569041 155591263 75094687 82496333 80496576 36698648 39944053 18981233 23849016 0 0 0 0 1221897 756765 169655054 179692903 5146255 6451143 0 0 1215058 1208078 27599458 24162813 0 0 0 0 958117 884931 0 0 9576635 9366693 44495523 42073658 X 74876062 77454146 11850745 19886233 38432724 40278866 125159531 137619245 169655054 179692903 X 5342767 6838388 0 0 0 278559 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 87400 87400 0 Schedule C, Part II-B, Line 1 This amount represents membership dues to Minnesota Private College Council paid in fiscal year '14 and estimated for lobbying purposes. This represents 0.10% of the College's annual operating expenses relating to the exempt status. 48450465 1463467 7827476 1034651 758087 0 55948670 42223633 3217786 4748444 977652 761746 0 48450465 43378302 1915629 -1496862 935074 638362 0 42223633 35798697 1706122 7550659 1064334 612842 0 43378302 30984519 2089392 4000561 691987 583788 0 35798697 0.1 0.71 0.19 0 0 0 940300 940300 0 103323120 38456985 64866135 0 0 0 0 0 44527040 31234091 13292949 0 6800803 5403611 1397192 80496576 0 F 0 F Global Equity Funds 9303917 F Diversified inflation hedge fund 6100606 F Hedge fund of funds 7495096 F Private Partnership 26716 F Beneficial interest in fund held for others 922681 F 23849016 0 Funds held for others 111214 Annuities payable 671928 Gov't grants repayable 5575803 Study abroad deposits 976611 Asset retirement obligation 2031137 9366693 X 77726070 6838388 0 0 -36644721 -29806333 107532403 99899 0 99899 107632302 64666356 0 0 0 -37523280 -37523280 102189636 99899 0 99899 102289535 Schedule D, Part V, Line 4 Endowment draw is used to fund student scholarships and academic programs Schedule D, Part X, Line 2 The College follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the College for uncertain tax positions as of June 30, 2014 and 2013. The College's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2011 through 2013 are open to examination by federal and state authorities. Schedule D, Part XI, Line 2d Adjustment of actuarial liability on annuities in the amount of -$278,558 and student financial aid in the amount of $36,923,279. Schedule D, Part XII, Line 2d Student financial aid in the amount of $36,923,279 and legal settlement of $600,000 non-operating transaction on the financial statements 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 College of Saint Benedict includes racially nondiscriminatory policies in newspaper publications for job searches and publications that go out to current and potential students. Schedule E, Part I, Line 6 College of Saint Benedict receives financial aid for students. Central America and the Caribbean 0 17 Program Services Student Programs 99744 East Asia and the Pacific 0 8 Program Services Student Programs 423519 Europe (including Iceland and Greenland) 0 67 Program Services Student Programs 1447407 Middle East and North Africa 0 1 Program Services Student Programs 15595 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Programs 2574 South America 0 4 Program Services Student Programs 191855 South Asia 0 8 Program Services Student Programs 65512 Sub-Saharan Africa 0 1 Program Services Student Programs 93157 Central America and the Caribbean 0 0 Investments 7495096 0 106 9834459 1 0 1 1 0 0 X X X X X X 1 Campbell and Company Suite 2100 1 East Wacker Drive Chicago IL 60601 Professional assistance with campaign 0 0 174750 -174750 0 174750 -174750 AK AL AR AZ CA CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Blazer Open 41654 39030 2624 0 0 0 0 0 9899 Centennial Celebration 160590 20000 140590 0 0 0 0 0 129651 0 202244 59030 143214 0 0 0 0 0 139550 139550 3664 1 Tuition and Fee Scholarships 2055 36923279 0 Cost Schedule I, Part I, Line 2 Documentation is maintained and reporting is completed to substantiate grant award uses. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MaryAnn Baenninger President 495612 0 0 0 6683 0 22950 0 22098 0 547343 0 0 0 Susan Palmer VP Administration and Finance 225693 0 0 0 258 0 20231 0 641 0 246823 0 0 0 Rita Knuesel VP Academic Affairs 201600 0 0 0 596 0 18063 0 7404 0 227663 0 0 0 Kimberly Motes VP Institutional Advancement 181123 0 8183 0 2329 0 16220 0 11591 0 219446 0 0 0 Calvin Ryan-Mosley VP Admissions and Financial Aid 185431 0 0 0 762 0 16689 0 28874 0 231756 0 0 0 Mary Geller VP Stud Dev. 145187 0 0 0 138 0 12986 0 15805 0 174116 0 0 0 Timothy Benz AD Institutional Advancement 139395 0 0 0 60 0 12464 0 181 0 152100 0 0 0 James Koenig IT Services Director 122462 0 0 0 762 0 10995 0 7572 0 141791 0 0 0 Janet Grochowski Education Department Chair 115723 0 0 0 396 0 10415 0 1441 0 127975 0 0 0 Brad Sinn Facilities Director 117287 0 0 0 90 0 0 0 17964 0 135341 0 0 0 Schedule J, Part I, Line 1a As a requirement of their contracts, housing is provided for the President, VP Enrollment and VP Institutional Advancement. A MN Higher Education Facilities Authority 410988525 60416HHV9 2006-10-26 7417276 Finance construction of new dining building 0 0 0 B MN Higher Education Facilities Authority 410988525 60416HMC5 2008-05-08 19565411 Refinance 2 prior bonds and fund add'l project 0 0 0 C MN Higher Education Facilities Authority 410988525 60416HXF6 2011-12-14 9066628 Finance construction of student housing 0 0 0 D MN Higher Education Facilities Authority 410988525 60416HZX5 2013-01-23 5235000 Refinance 5W bonds, originally for various student housing remodeling projects 0 0 0 A 5074462 0 7417276 0 22917 0 110183 0 0 7307093 0 0 2008 0 0 1 1 B 10805411 145000 19565411 1943000 15847 16756863 299827 0 0 565721 0 0 2009 1 0 1 1 C 431628 0 9066628 642362 0 0 141546 0 0 8282720 0 0 2012 0 0 1 1 D 810000 0 5235000 0 0 0 91951 0 0 0 5235000 0 2013 1 1 1 1 A 0 0 0 0 0 0.04 0.04 0 0 0 B 0 0 0 0 0 0.01 0.01 0 1 0.01 1 0 C 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 X 24 294079 Avg high and low for day 0 0 1 1 Schedule M, Part I, Line 9 The number in column (b) represents the total number of contributions of this type. It does not represent the number of stock shares received. Schedule M, Part I, Line 32b Stock brokers process the stock transactions when the gift is received and the college chooses to liquidate the stock. Form 990, Part VI, Section A, Line 7a As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees Form 990, Part VI, Section A, Line 7b As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees; 2)approve any merger, acquisition, or dissolution of the Corporation; 3)approve the sale or encumbrance of all or substantially all of the assets of the Corporation;4)amend the Articles of Incorporation, or 5)make and amend the Bylaws of the Corporation. The Corporate Members are the Sisters of the Order of St. Benedict. Form 990, Part VI, Section B, Line 11b The subcommittee of the Board of Trustees known as the Audit Committee reviews the 990 during the spring meeting prior to filing the form and the form is made available for review by all board members prior to filing. Form 990, Part VI, Section B, Line 12c The Audit Committee reviews all disclosures on the Conflict of Interest policy annually Form 990, Part VI, Section B, Line 15 In accordance with the employee handbook, the compensation plan is designed to ensure positions are competitively valued relative to comparable jobs in the market. The Human Resources department does a comparison of job descriptions to position descriptions in the marketplace annually. The comparison for administrative and support staff positions are approved by the President or Board of Trustees and a salary range is created based on this comparison. The President's salary is reviewed and determined by the Board of Trustees. The positions are compared to similar institutions of higher education with respect to enrollment, budget, and Carnegie classification found in the College and University Personnel Association salary survey. Form 990, Part VI, Section C, Line 19 Governing documents and conflict of interest policy are not available to the public, but would be made available upon request. The financial statements are available on the website. Form 990, Part XI, Line 9 Adjustment of actuarial liability on annuities in the amount of $278,559. Sisters of the Order of Saint Benedict 104 Chapel Lane Saint Joseph MN 56374 410695523 Religous Women's Monastery MN 501(c)(3) N/A 0 Life Estate (1) XXXXX SSSSS NY 10002 Life Estate NY T 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 Sisters of the Order of Saint Benedict m 370084 Payments made to monastery for payroll of Sisters working at the College. Sisters of the Order of Saint Benedict c 6200 Annual fund donation Sisters of the Order of Saint Benedict q 374857 Power plant services and utility charges Sisters of the Order of Saint Benedict q 29886 Expenses related to city utility charges Sisters of the Order of Saint Benedict q 53125 Security services Sisters of the Order of Saint Benedict e 62695 Payment on note for property sold to College Sisters of the Order of Saint Benedict k 5600 Rent for use of chapel Sisters of the Order of Saint Benedict k 10150 Lease of room for guests Sisters of the Order of Saint Benedict q 26890 Reimbursement for expenses related to events.