2014-02-14T13:17:31-06:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-07-01 510166951 MINNESOTA PRIVATE COLLEGE FUND MINN 6512289061 BREMER TOWER 445 MINNESOTA ST NO 500 ST PAUL MN 55101 PAUL D CERKVENIK 6512289061 2014-02-13 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z PAUL D CERKVENIK BREMER TOWER 445 MINNESOTA ST NO 500 ST PAUL MN 55101 1401916 0 X WWW.MNPRIVATECOLLEGES.ORG X 1975 MN THE MINNESOTA PRIVATE COLLEGE FUND SERVES THE SHARED NEEDS OF ITS MEMBERS BY SEEKING PHILANTHROPIC SUPPORT FROM CORPORATIONS AND FOUNDATIONS FOR BENEFIT OF ITS MEMBER COLLEGES AND UNIVERSITIES AND THE STUDENTS THEY EDUCATE. FUNDS WERE DISTRIBUTED TO 17 MEMBERS IN FY 2013. 30 29 0 0 0 0 709592 1372939 363562 0 2901 4987 6800 23990 1082855 1401916 922847 923272 0 0 324817 0 0 0 139142 172037 480349 1419701 1403621 -336846 -1705 2126944 1905746 481020 261527 1645924 1644219 X THE MINNESOTA PRIVATE COLLEGE FUND SERVES THE SHARED NEEDS OF ITS MEMBERS BY SEEKING PHILANTHROPIC SUPPORT FROM CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF ITS MEMBER COLLEGES AND UNIVERSITIES AND THE STUDENTS THEY EDUCATE. 1 0 1142243 923272 DISTRIBUTION OF FINANCIAL SUPPORT FOR THE 17 MEMBER PRIVATE COLLEGES AND UNIVERSITIES. 96926 THE MAYO INNOVATION SCHOLARS PROGRAM IS A COLLABORATIVE PROGRAM OFFERING SELECTED SCIENCE AND BUSINESS STUDENTS THE OPPORTUNITY TO RESEARCH PROJECTS SUBMITTED BY MAYO CLINIC PROFESSIONALS. ELEVEN MEMBERS AND 60 STUDENTS PARTICIPATED IN FY 2013. 1239169 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 8 0 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X MARY METZLER 6512936807 445 MINNESOTA ST 500 ST PAUL MN 55101 DAVID R ANDERSON 1.00 1.00 X 0 0 0 MARYANN BAENNINGER 1.00 3.00 X X 0 0 0 JAMES H BARNES III 1.00 1.00 X 0 0 0 DAN BRUSS 1.00 1.00 X 0 0 0 JAY COOGAN 1.00 1.00 X 0 0 0 WILLIAM CRAFT 1.00 1.00 X 0 0 0 REV DENNIS DEASE 1.00 1.00 X 0 0 0 PAUL ERDAHL 1.00 1.00 X 0 0 0 LARRY GOODWIN 1.00 1.00 X 0 0 0 JOE GRABA 1.00 1.00 X 0 0 0 JAMES GREEN 1.00 1.00 X 0 0 0 LINDA HANSON 1.00 1.00 X 0 0 0 MICHAEL HEMESATH 1.00 1.00 X 0 0 0 ANDREA J LEE IHM 1.00 1.00 X 0 0 0 BR WILLIAM MANN FSC 1.00 1.00 X 0 0 0 ROBERT MATTISON 1.00 1.00 X 0 0 0 RUSSELL MICHALETZ 1.00 1.00 X 0 0 0 TIM MORIN 1.00 1.00 X 0 0 0 LAURIE NORDQUIST 1.00 1.00 X 0 0 0 DAN NYGAARD 1.00 1.00 X 0 0 0 STEVEN G POSKANZER 1.00 1.00 X 0 0 0 JACK OHLE 1.00 1.00 X 0 0 0 PAUL PRIBBENOW 1.00 1.00 X 0 0 0 THOMAS RIES 1.00 1.00 X 0 0 0 BRIAN ROSENBERG 1.00 1.00 X 0 0 0 DAVID SWANSON 1.00 1.00 X 0 0 0 LOANNE THRANE 1.00 1.00 X 0 0 0 ROBERT VANASEK 1.00 1.00 X 0 0 0 EDWARD T WAHL 1.00 1.00 X 0 0 0 PAUL D CERKVENIK 3.00 52.00 X X 0 234876 48881 MARY METZLER 1.00 39.00 X 0 86151 20343 0 321027 69224 0 0 1 0 0 1372939 1372939 4987 4987 MISCELLANEOUS 900099 23990 23990 23990 1401916 0 0 28977 923272 923272 231551 113460 4631 113460 18149 18149 115953 112258 3695 23378 13965 450 8963 930 930 7667 3757 153 3757 7755 6246 60 1449 13353 8736 775 3842 MARKETING AND COMMUNICA 61613 57475 162 3976 1403621 1239169 25310 139142 1958612 1369192 107532 530596 420 31369 658 11508 11508 29011 0 0 5300 2126944 1905746 29806 7000 251781 236374 32675 12971 166758 5182 481020 261527 X 1321763 1021138 324161 623081 1645924 1644219 2126944 1905746 -1705 0 X X 0 1 X 1 0 X 2086280 1524988 1109651 1073154 1372939 7167012 2086280 1524988 1109651 1073154 1372939 7167012 2069087 5097925 7769 5445 3497 2901 4987 24599 9000 9000 9000 6800 23990 57790 7249401 0.70320 0.79280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11508 11508 0 0 AGENCY FUNDS 5182 5182 X 2210090 27671 780503 808174 1401916 0 1401916 1431292 27671 27671 1403621 0 1403621 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGINITION 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 FUND FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL NET ASSETS ACQUIRED 7-2-12 780,503. 1 AUGSBURG COLLEGE 2211 RIVERSIDE AVE MINNEAPOLIS MN 55454 410694721 501(C )(3) 65278 OPERATIONS, STUDENT SCHOLARSHIPS BETHANY LUTHERAN COLLEGE 700 LUTHER DR MANKATO MN 56001 410747165 501(C )(3) 37255 OPERATIONS, STUDENT SCHOLARSHIPS BETHEL UNIVERSITY 3900 BETHEL DR ST PAUL MN 55112 410708577 501(C )(3) 48807 OPERATIONS, STUDENT SCHOLARSHIPS CARLETON COLLEGE ONE NORTH COLLEGE ST NORTHFIELD MN 55057 410694747 501(C )(3) 59639 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF SAINT BENEDICT 37 COLLEGE AVE SO ST JOSEPH MN 56374 410969244 501(C )(3) 47687 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF ST SCHOLASTICA 1200 KENWOOD AVE DULUTH MN 55811 410698301 501(C )(3) 52766 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA COLLEGE 901 SOUTH 8TH ST MOORHEAD MN 56562 410693977 501(C )(3) 59414 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA UNIVERSITY 275 NORTH SYNDICATE ST PAUL MN 55104 410696906 501(C )(3) 50948 OPERATIONS, STUDENT SCHOLARSHIPS GUSTAVUS ADOLPHUS COLLEGE 800 WEST COLLEGE AVE ST PETER MN 56082 410695524 501(C )(3) 66963 OPERATIONS, STUDENT SCHOLARSHIPS HAMLINE UNIVERSITY 1536 HEWITT AVE ST ST PAUL MN 55104 410693960 501(C )(3) 44139 OPERATIONS, STUDENT SCHOLARSHIPS MACALESTER COLLEGE 1600 GRAND AVE ST PAUL MN 55105 410693962 501(C )(3) 43654 OPERATIONS, STUDENT SCHOLARSHIPS MINNEAPOLIS COLLEGE OF ART & DESIGN 2501 STEVENS AVE SO MINNEAPOLIS MN 55404 411607453 501(C )(3) 37412 OPERATIONS, STUDENT SCHOLARSHIPS SAINT JOHN'S UNIVERSITY PO BOX 2000 COLLEGEVILLE MN 56321 453656162 501(C )(3) 48322 OPERATIONS, STUDENT SCHOLARSHIPS SAINT MARYS UNIVERSITY OF MINNESOTA 700 TERRACE HEIGHTS WINONA MN 55987 410695527 501(C )(3) 41321 OPERATIONS, STUDENT SCHOLARSHIPS ST CATHERINE UNIVERSITY 2004 RANDOLPH AVE ST PAUL MN 55105 410695509 501(C )(3) 64663 OPERATIONS, STUDENT SCHOLARSHIPS ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD MN 55057 410693979 501(C )(3) 52584 OPERATIONS, STUDENT SCHOLARSHIPS UNIVERSITY OF ST THOMAS 2115 SUMMIT AVE ST PAUL MN 55115 410693970 501(C )(3) 73408 OPERATIONS, STUDENT SCHOLARSHIPS MINNESOTA PRIVATE COLLEGE COUNCIL INC BREMER TOWER 445 MINNESOTA ST ST PAUL MN 55101 455394262 501(C )(4) 29012 FAIR MARKET VALUE EQUIPMENT TRANSFER OF EQUIPMENT TO RELATED PARTY UPON MERGER 17 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: MPCF MEMBERS ARE PROVIDED WITH SCHOLARSHIP GUIDELINES AND RESTRICTIONS IN ACCORDANCE WITH DONOR RESTRICTIONS. EACH MEMBER INSTITUTION AWARDS SCHOLARSHIPS BASED ON THESE GUIDELINES AND ALL DISBURSEMENTS ARE MONITORED BY EACH RESPECTIVE INSTITUTION'S FINANCIAL AID OFFICE. X X X X X X 0 0 0 0 0 0 0 0 0 PAUL D CERKVENIK 0 226330 0 0 0 8546 0 20858 0 28023 0 283757 0 0 PART I, LINE 3 THE PRESIDENT'S COMPENSATION WAS DETERMINED BY THE MINNESOTA PRIVATE COLLEGE COUNCIL USING THE METHODS CHECKED IN SCHEDULE J, PART I, LINE 3. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE MAYO INNOVATION SCHOLARS PROGRAM ALLOWS SELECTED SCIENCE AND BUSINESS STUDENTS TO RESEARCH PROJECTS SUBMITTED BY MAYO CLINIC PROFESSIONALS. ELEVEN MEMBERS AND 60 STUDENTS PARTICIPATED IN FY 2013. W-2 AND 1099 REPORTING: FORM 990, PART V, LINE 1A & 2A: THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC. AND MINNESOTA PRIVATE COLLEGE FUND ARE RELATED NONPROFIT ASSOCIATIONS UTILIZING A COMMON BOARD OF DIRECTORS AND ADMINISTRATION EXCLUSIVELY FOR THE BENEFIT OF CHARITABLE AND EDUCATIONAL PURPOSES WITH THE OBJECTIVE OF PROMOTING THE GENERAL WELFARE OF HIGHER EDUCATION AND THE ADVANCEMENT OF LEARNING FOR THE PUBLIC GOOD. THE MEMBERSHIP OF THE FUND IS LIMITED TO NONPROFIT, TAX-EXEMPT, INDEPENDENT COLLEGE AND UNIVERSITIES IN THE STATE OF MINNESOTA WITH CURRICULUMS LEADING TO A BACHELOR'S DEGREE THAT ARE FULLY ACCREDITED BY THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS. THERE ARE CURRENTLY 17 MEMBERS. THE WAGES FOR EMPLOYEES OF THE TWO ASSOCIATIONS ARE BASED ON TIME SPENT ON ACTIVITIES WITHIN THEIR RESPECTIVE ASSOCIATION. MINNESOTA PRIVATE COLLEGE COUNCIL, INC. WILL SERVE AS EMPLOYER FOR ALL EMPLOYED PERSONNEL PROVIDING SERVICES TO THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC., AND MINNESOTA PRIVATE COLLEGE FUND. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF ANY DIRECTORS WHO ARE NOMINATED BY THE NOMINATING COMMITTEE AND ELECTED TO THE EXECUTIVE COMMITTEE BY THE BOARD OF DIRECTORS, AS WELL AS THE BOARD CHAIR, PAST CHAIR, VICE CHAIR, SECRETARY, TREASURER, PRESIDENT, AND PROVIDED THAT SUCH PERSON IS A DIRECTOR, THE CHAIRPERSON OF EACH STANDING COMMITTEE AND OF THE FUNDRAISING COMMITTEE OF MINNESOTA PRIVATE COLLEGE FUND. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT AT ALL TIME TO THE CONTROL AND DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE FUND ADOPTED A NEW MISSION STATEMENT AND UPDATED ITS BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING FORM 990, A DRAFT IS MAILED OR EMAILED TO THE BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND SENIOR STAFF ARE ASKED ANNUALLY TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE. PERSONS DISCLOSING A CONFLICT OF INTEREST MUST LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING REGARDING THE PROPOSED TRANSACTION OR ARRANGEMENT, BUT THEN MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMPENSATION COMMITTEE, APPOINTED BY THE EXECUTIVE COMMITTEE, REVIEWS AND RECOMMENDS THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE. AN INDEPENDENT COMPENSATION CONSULTANT IS HIRED TO PROVIDE MARKET DATA ANALYSES, INCLUDING DATA FROM OTHER NON-PROFIT ORGANIZATIONS AND THE NAICUSE STATE EXECUTIVE SURVEY. THE EXECUTIVE COMMITTEE APPROVES ANY CHANGES TO COMPENSATION. THE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN 2013. OTHER STAFF COMPENSATION IS DETERMINED BY THE PRESIDENT AND APPROVED AS PART OF THE SALARY POOL INCREASE DURING THE ANNUAL BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FUND WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. OVERSIGHT OF THE AUDIT FORM 990, PART XII, LINE 2C THE PROCESS FOR THE OVERSIGHT AND SELECTION FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE. PARTNERS FOR EDUCATION OPPORTUNITY 445 MINNESOTA ST STE 500 ST PAUL MN 55101 411891401 HIGHER EDUCATION RELATED ACTIVITY MN 501(C)(4) 0 MINNESOTA PRIVATE COLLEGE COUNCIL INC 445 MINNESOTA ST STE 500 ST PAUL MN 55101 455394262 HIGHER EDUCATION RELATED ACTIVITY MN 501(C)(4) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 MINNESOTA PRIVATE COLLEGES COUNCIL INC M 231551 FMV MINNESOTA PRIVATE COLLEGES COUNCIL INC N 2500 FMV MINNESOTA PRIVATE COLLEGES COUNCIL INC P 7668 FMV MINNESOTA PRIVATE COLLEGES COUNCIL INC R 29012 FMV