2014-12-08T11:21:06-06:00 2014-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2013-07-01 460283336 MOUNT MARTY COLLEGE MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 TABITHA LIKNESS VP OF FINANCE 6056681514 2014-12-02 1 JOHN P WODZINSKI CPA P00094450 6053391999 2014-12-02 2013 2015-11-30 17:44:51Z DR THOMAS LORANG 1105 WEST 8TH STREET YANKTON SD 57078 20988607 0 X WWW.MTMC.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 26 26 566 25 0 0 2311882 2222059 13924231 14034075 1267726 590910 1355033 1200348 18858872 18047392 4659488 4762505 0 0 8230205 8830102 0 0 21710 5015324 5284006 17905017 18876613 953855 -829221 34001652 36651203 4869004 5902066 29132648 30749137 MOUNT MARTY COLLEGE, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 17708359 4762505 15234388 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,125 STUDENTS. 17708359 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 69 0 1 566 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X TABITHA LIKNESS 6056681566 1105 WEST 8TH STREET YANKTON SD 57078 HON TOM HARMON CHAIR-BRD OF TRUSTEES 2.50 X X 0 0 0 SR MILDRED BUSCH V. CHAIR-BRD OF TRUSTEES 2.50 X X 0 0 0 MR PATRICK WIESELER SECR.-BRD OF TRUSTEES 2.50 X X 0 0 0 MR MICHAEL HEALY TREAS.-BRD OF TRUSTEES 2.50 X X 0 0 0 MS JEAN REED MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR PENNY BINGHAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 FR JAMES BREAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR WILLIAM CAHOY MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR MARY CAROLE CURRAN MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR CHAD EKROTH MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR RAMONA FALLON MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR JOYCE FETERL MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR RICHARD FOSTER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS PEGGY FRANK MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR LOUISE MARIE GOETTERTZ MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS KITTY HIGGINS MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR CLARICE KORGER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR AL KURTENBACH MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS GERRY LIKNESS MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 SR NORMA NORTON MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DCN JOHN OSNES PHD MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR STEVE SLOWEY MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR DAN SPECHT MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR SCOTT SWIER MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR JEFF WOLFGRAM MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS JP DUNIPHAN MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MS ARLENE HEINE MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR GAYLE SMALL MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 MR JAMES WINTZ MEMBER-BRD OF TRUSTEES 1.30 X 0 0 0 DR JOSEPH BENOIT PHD PRESIDENT 60.00 X 175280 0 29479 GINGER MOELLER VP OF FINANCE BEG APRIL 13 40.00 X 59384 0 10005 ALFRED LUPIEN DIR. & PROF.-NURSE ANEST. 40.00 X 142010 0 7100 LARRY DAHLEN ASST. PROF.-NURSE ANEST 40.00 X 133252 0 21029 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 40.00 X 151898 0 15990 661824 0 83603 4 0 1 0 WELFL CONSTRUCTION CORP 800 WEST 23RD ST PO BOX 60 YANKTON SD 57078 CONSTRUCTION 2058916 A'VIANDS NW 5704 MINNEAPOLIS MN 554855704 FOOD SERVICE 763405 HIGH PLAINS TECHNOLOGY 5708 S REMINGTON PL SIOUX FALLS SD 57108 IT SOFTWARE/MAINTENANCE 410208 ELLUCIAN 62814 COLLECTIONS CENTER DR CHICAGO IL 60603 IT SOFTWARE/MAINTENANCE 147315 4 16718 550616 1654725 140535 2222059 TUITION & FEES 611710 13877974 13877974 156101 156101 14034075 420695 420695 15723 0 15723 15723 15723 1535687 264204 1317218 312458 218469 -48254 170215 170215 10677 16718 10642 35 35 2485487 1300897 1184590 1184590 18047392 15234388 0 590945 4762505 4762505 305409 305409 7159325 6861923 278001 19401 242536 232441 9167 928 593933 570863 23070 528899 488445 39073 1381 170521 96268 74253 13579 13579 45152 45152 34983 34983 132091 132091 262488 262488 488713 488713 410219 300924 109295 116865 116865 32786 32786 938196 703647 234549 INSTITUTIONAL SUPPORT 1123791 1123791 SUPPLIES 720124 720124 EQUIPMENT RENTAL & MAIN 612808 612808 STUDENT LIFE 151257 151257 30433 1858 28575 18876613 17708359 1146544 21710 2962231 1868326 811367 719532 1442191 1378680 66676 63642 354682 297559 26568258 14776637 10587722 11791621 17776783 20531843 34001652 36651203 1038695 1243289 1022293 1001023 710494 1725520 237032 6000 1860490 1926234 4869004 5902066 X 14069069 16125855 1386582 623476 13676997 13999806 29132648 30749137 34001652 36651203 -829221 2445710 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17011486 322809 2964286 492063 117311 19689207 14975505 420699 2108898 367545 126071 17011486 15323682 385404 -243768 400000 89813 14975505 12931375 357663 2531443 400000 96799 15323682 11920576 242705 1425501 550000 107409 12931375 0.29000 0.71000 0.00000 0 0 936522 936522 17643079 10640670 7002409 4243903 3165650 1078253 3744754 970317 2774437 11791621 DEPOSITS PAYABLE 170679 CHARITABLE REMAINDER UNITRUST 249275 REFUNDABLE U.S. GOVERNMENT ADVANCES 1506280 1926234 X 16963490 2445710 69337 1311539 3826586 13136904 4910488 4910488 18047392 15347001 69337 1311539 1380876 13966125 4910488 4910488 18876613 PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE COLLEGES INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. PART X, LINE 2: MOUNT MARTY 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). 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: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,300,897. SPECIAL EVENT EXPENSES 10,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,762,505. ADMINISTRATIVE EXPENSES NETTED TO REVENUE 147,983. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,300,897. SPECIAL EVENT EXPENSES 10,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,762,505. ADMINISTRATIVE EXPENSES NETTED TO REVENUE 147,983. 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 CATALOG, NEWSPAPER, AND BROADCAST MEDIA SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE COLLEGE, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. MTMC GOLF CLASSIC 27395 16718 10677 5230 2500 1997 915 27395 16718 10677 5230 2500 1997 915 10642 35 1 SCHOLARSHIPS 398 2751076 BOOK VALUE STUDENT FAMILY DISCOUNTS 16 31042 BOOK VALUE RELIGIOUS DISCOUNTS 2 9618 BOOK VALUE TALENT AWARDS 55 72200 BOOK VALUE ATHLETIC GRANTS 212 724151 BOOK VALUE NEED BASED GRANTS 285 729146 BOOK VALUE SPECIAL NEEDS 91 49570 BOOK VALUE ROTC 4 6646 BOOK VALUE FSEOG AND MOUNT MARTY COLLEGE MATCHING AMOUNT 175 151656 BOOK VALUE TEACHER 17 62551 BOOK VALUE SD EQUAL OPPORTUNITY SCHOLARSHIPS 60 69500 BOOK VALUE AMERICA READS 11 4788 BOOK VALUE AMERICA COUNTS 11 4638 BOOK VALUE CATHOLIC LEADERSHIP 86 62418 BOOK VALUE DAKOTA CORPS 3 26334 BOOK VALUE MISCELLANEOUS 1 7171 BOOK VALUE PART I, LINE 2: THE COLLEGE HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR JOSEPH BENOIT PHD PRESIDENT 175280 0 0 0 0 0 9125 0 20354 0 204759 0 0 0 LARRY DAHLEN ASST. PROF.-NURSE ANEST 133252 0 0 0 0 0 7038 0 13991 0 154281 0 0 0 MARY ANNE KROGH ASST. PROF.-NURSE ANEST 151898 0 0 0 0 0 7580 0 8411 0 167889 0 0 0 X 7 7860 X MICROSCOPES/E 97 121425 X 18" TELESCOPE 1 10250 X OFFICE EQUIPM 1 1000 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 2 TABITHA LIKNESS AND GERRY LIKNESS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE COLLEGE AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE COLLEGE; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE COLLEGE AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE COLLEGE; (E) TO AMEND THE BYLAWS OF THE COLLEGE; (F) TO OVERSEE THE COLLEGE'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE COLLEGE'S FINANCIAL POSITION; (G) TO RECEIVE THE COLLEGE'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE COLLEGE, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE COLLEGE; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE 990, AND A RECOMMENDATION IS MADE TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS IS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. A 3% AVERAGE COMPENSATION INCREASE WAS ALLOCATED FOR THE YEAR ENDED 6/30/14. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 0 CHARITABLE REMAINDER TRUSTS (1) CRT SD N/A T 1 0 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1