2014-04-07T10:00:04-05:00 2013-05-31 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2012-06-01 350868158 THE CORPORATION OF SAINT MARY'S COLLEGE NOTRE DAME CORP 5742844553 153 LeMans Hall Notre Dame IN 465565001 SUSAN K BOLT 2014-04-04 true Nicole Bencik P00756195 3128997000 2012 2015-11-30 17:44:51Z CAROL ANN MOONEY 153 LeMans Hall Notre Dame IN 46556 198035322 false 0928 X WWW.SAINTMARYS.EDU X 1972 IN THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME IS A CATHOLIC, RESIDENTIAL, WOMEN'S COLLEGE IN THE LIBERAL ARTS TRADITION WHERE WOMEN DEVELOP THEIR TALENTS AND PREPARE TO MAKE A DIFFERENCE IN THE WORLD. 34 32 1590 125 183816 -294965 10108242 12675695 60435425 62511278 2595579 11217816 712802 944827 73852048 87349616 20372743 21914892 0 0 32336472 32614526 88790 106219 3252986 22953601 25580104 75751606 80215741 -1899558 7133875 255734017 266804971 72102056 68563524 183631961 198241447 X THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) IS A CATHOLIC, RESIDENTIAL, WOMEN'S COLLEGE IN THE LIBERAL ARTS TRADITION. (CONTINUED IN SCHEDULE O) false false 68868327 21914892 62327462 AS A CENTER OF HIGHER EDUCATION, THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) FOSTERS AN ACADEMIC CLIMATE OF SCHOLARSHIP AND LEARNING FOR FACULTY AND STUDENTS ALIKE. THROUGH EXCELLENCE IN TEACHING AND THE EXAMPLE OF ITS OWN ACTIVE SCHOLARSHIP, THE FACULTY CHALLENGES STUDENTS TO EXPAND THEIR HORIZONS AND SUPPORTS THEM IN THEIR INTELLECTUAL PURSUITS. A BROAD-BASED COURSE OF STUDY INVITES STUDENTS TO THINK CRITICALLY AND CREATIVELY ABOUT THE NATURAL WORLD AND HUMAN CULTURE. ACKNOWLEDGING THE NEED TO PREPARE WOMEN FOR AN ARRAY OF CAREERS, SAINT MARY'S INSISTS ON A LIBERAL ARTS FOUNDATION FOR ALL ITS STUDENTS. THROUGH THEIR YEARS AT SAINT MARY'S, STUDENTS ACQUIRE DEPTH AND BREADTH OF KNOWLEDGE, COMPETENCE IN QUANTITATIVE SKILLS AND MODERN LANGUAGES, THE ABILITY TO THINK CLEARLY ABOUT COMPLEX PROBLEMS, AND THE CAPACITY TO COMMUNICATE WITH PRECISION AND STYLE. (CONTINUED IN SCHEDULE O) 68868327 true true false false false false true false true true true false false true true true false true true true false true true false false false false true true true false false false false false false false false false false true true false false false true true true false false true 2310 0 true 1590 true true true true CJ EI IT false false false false false false false false X 34 32 false false false false false true false true true false false true true true true true true true true false AZ CA CO DC IN MD MA MI OK RI SC X JAMES H HERSCHEL 5742844553 153 LEMANS HALL NOTRE DAME IN 46556 X CAROL ANN MOONEY 50.00 X X 264691 0 102959 JOANN MCDERMOTT REED 2.00 X X 0 0 0 MARY L BURKE 2.00 X X 0 0 0 MICHAEL E CAHILL 2.00 X X 0 0 0 PAULA M DAWNING 2.00 X X 0 0 0 ALYSSA G VINLUAN 2.00 X 0 0 0 BETH LICHTENFELS VEIHMEYER 2.00 X 0 0 0 CARMEN MURPHY 2.00 X 0 0 0 CATHERINE HAMMEL FRISCHKORN 2.00 X 0 0 0 DAVID L TAICLET 2.00 X 0 0 0 ELIZABETH R CULLIGAN 2.00 X 0 0 0 GRETCHEN FLICKER 2.00 X 0 0 0 JOANNE R SNOW 52.00 X 77008 0 24771 JOYCE MCMAHON HANK 2.00 X 0 0 0 KAREN MCNAMARA WEAVER 2.00 X 0 0 0 M SUZANNE SCHERER CALANDRA 2.00 X 0 0 0 MICHAEL R LEEP SR 2.00 X 0 0 0 MONSIGNOR KENNETH VELO 2.00 X 0 0 0 NANCY ROBERTS DOBSON 2.00 X 0 0 0 PATRICIA WIEDNER PURCELL 2.00 X 0 0 0 REV EDWARD A MALLOY CSC 2.00 X 0 0 0 REV KENNETH M MOLINARO CSC 2.00 X 0 0 0 SARAH BELANGER EARLEY 2.00 X 0 0 0 SISTER AGNES ANNE ROBERTS CSC 2.00 X 0 0 0 SISTER CATHERINE KAMPHAUS CSC 2.00 X 0 0 0 SISTER JUDITH HALLOCK CSC 2.00 X 0 0 0 SISTER KATHLEEN REILLY CSC 2.00 X 0 0 0 SISTER MARY ANN PAJAKOWSKI CSC 2.00 X 0 0 0 SISTER MARY LOUISE FULL CSC 2.00 X 0 0 0 SISTER MICHELLE GERMANSON OP 2.00 X 0 0 0 SISTER RACHEL CALLAHAN 2.00 X 0 0 0 SISTER ROSE ANNE SCHULTZ CSC 2.00 X 0 0 0 THOMAS E BLACK JR 2.00 X 0 0 0 THOMAS JOYCE 2.00 X 0 0 0 THOMAS P FITZGERALD 2.00 X 0 0 0 WILLIAM H SCHMUL JR 2.00 X 0 0 0 WILLIAM W CUSHWA 2.00 X 0 0 0 KAREN A JOHNSON 50.00 X 101096 0 18433 MONA BOWE 50.00 X 115221 0 27959 PATRICIA A FLEMING 50.00 X 167369 0 33174 RICHARD SPELLER 50.00 X 156063 0 34669 SHARON M RODRIGUEZ 50.00 X 140893 0 22020 SISTER VERONIQUE WIEDOWER CSC 50.00 X 0 0 0 SUSAN K BOLT 50.00 X 0 0 0 BRUCE FINK 50.00 X 170142 0 33459 JANICE K DRUYVESTEYN 50.00 X 107277 0 27179 LINDA S PASKIEWICZ 50.00 X 127794 0 19088 SUSAN VANCE 50.00 X 188948 0 6335 WILLIAM T HAMBLING 50.00 X 101007 0 22653 1717509 0 372699 12 false true false SODEXO 90 SOUTH HIGH STREET DUBLIN OH 43017 FOOD SERVICE 2879895 DYNAMIC MECHANICAL SERVICES INC 1606 CHESTNUT STREET MISHAWAKA IN 46545 CONSTRUCTION 2763982 ZIOLKOWSKI CONSTRUCTION INC 1005 S LAFAYETTE STREET SOUTH BEND IN 46601 CONSTRUCTION 242192 ROYALL & COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 UNDERGRADUATE RECRUITMENT MARKETING 202726 MOSSBERG & COMPANY INC 301 E SAMPLE STREET SOUTH BEND IN 466013547 PRINTING SERVICES 182633 11 2150 566391 12107154 3610721 12675695 STUDENT TUITION AND FEES 611710 49049890 49049890 ROOM AND BOARD 611710 12698367 12698367 CAMPS/EVENTS & CONFERENCES/ATHLETICS 900099 763021 579205 183816 0 0 0 0 0 0 62511278 1511311 1511311 0 1287 1287 34964 34964 0 34964 34964 120371120 21091 110670411 15295 9700709 5796 9706505 9706505 0 0 0 LAUNDRY/VENDING/FOOD SERVICES 900099 291793 291793 PARKING/LOFTS/PRINTING/COMMISSIONS/OTHER FEES 900099 186930 186930 PERFORMING ARTS/CHOIR 900099 20727 20727 409126 0 0 409126 908576 87349616 62327462 183816 12162643 0 21901642 21901642 13250 13250 0 1286326 565031 547926 173369 5614 5614 0 0 22950568 19038467 2552909 1359192 1653531 1430179 143565 79787 5043799 4099266 622015 322518 1674688 1392099 185802 96787 0 0 0 0 76318 40067 36251 127130 0 127130 0 0 0 0 0 106219 106219 169101 0 169101 0 6961832 5536672 721983 703177 188188 106526 55312 26350 2191438 1746471 264130 180837 0 0 0 0 0 0 0 0 2751468 2504341 234515 12612 734780 513460 93505 127815 0 0 0 0 219801 199055 15401 5345 2458212 2362185 90862 5165 0 0 0 0 5153151 4724924 412767 15460 466559 0 458403 8156 FOREIGN PROGRAMS 2192018 2190018 2000 0 MEMBERSHIPS AND DUES 188545 87752 79283 21510 FACULTY AND STAFF DEVELOPMENT 328664 170204 150113 8347 1372899 241104 1131455 340 80215741 68868327 8094428 3252986 0 7341 8343 17204767 9204652 13285500 14487803 1644411 1980167 0 0 1409831 1764515 60185 62370 758039 771198 167375078 77052398 89219966 90322680 47289126 6051853 83210452 140834229 0 0 1644399 1317161 255734017 266804971 9855539 8564455 325450 705888 2140479 2647157 56615243 54050192 0 1070296 918813 2095049 1677019 72102056 68563524 X 98614678 102515343 35036310 40537884 49980973 55188220 183631961 198241447 255734017 266804971 X 7133875 5813380 1662231 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41422 377690 X X false 123262106 3511547 15131962 6482482 135423133 134760292 1933296 -7251033 6180449 123262106 117565362 2651355 20780929 6237354 134760292 108381484 4475696 10882760 0 6174578 0 117565362 140117922 8758639 -34479835 6015242 108381484 0.44600 0.39110 0.16290 true false 2788760 2788760 127653292 46212581 81440711 3840349 2714300 1126049 32129432 28125517 4003915 963245 963245 90322680 0 0 BENEFICIAL INTEREST IN COMMUNITY FOUNDATION & PERPETUAL TRUSTS 1673039 F ALTERNATIVE INVESTMENTS 21648382 F RELIGIOUS AFFILIATE ENDOWMENT FUND POOL 117512808 F 140834229 0 CAPITAL LEASE OBLIGATIONS 34455 ADVANCES FOR FEDERAL STUDENT LOANS 1642564 1677019 X Collections of art - description of collections Schedule D, Part III, Line 4 THE ORGANIZATION'S COLLECTIONS OF ART CONSIST PRIMARILY OF DONATED WORKS OF ART THAT ARE ON DISPLAY IN PUBLIC SPACES. THESE WORKS OF ART ARE INTENDED TO PROVIDE A WELCOMING ENVIRONMENT FOR STUDENTS, FACULTY, AND VISITORS, WHICH IS IN LINE WITH THE ORGANIZATION'S MISSION. THE ORGANIZATION ALSO MAINTAINS A COLLECTION OF RARE HISTORICAL BOOKS, WHICH FURTHER THE ORGANIZATION'S RELIGIOUS AND EDUCATIONAL MISSION. Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE FINANCIAL OBJECTIVES OF THE ENDOWMENT FUND AND IN A MANNER CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS SUCH, THE COLLEGE IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES EXCEPT FOR CERTAIN INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AS DEFINED BY THE IRC. ANY SUCH TAXES RESULTING FROM UNRELATED BUSINESS ACTIVITIES ARE INSIGNIFICANT TO THE OPERATIONS OF THE COLLEGE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT MAY 31, 2013 AND 2012. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2008 AND FOR ALL STATE INCOME TAXES THROUGH 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE IS UNAWARE OF ANY INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND NO AMOUNTS HAVE BEEN ACCRUED FOR INTEREST OR PENALTIES AS OF MAY 31, 2013 AND 2012. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 THE POLICY IS CLEARLY OUTLINED IN THE COLLEGE'S STATEMENT OF PHILOSOPHY AND PURPOSE. THIS STATEMENT IS INCLUDED IN THE COLLEGE'S BULLETIN AND NUMEROUS OTHER PUBLICATIONS MADE AVAILABLE TO STUDENTS. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES IN THE FORM OF SCHOLARSHIP AND GRANT FUNDS FOR STUDENTS' TUITION AND RELATED EXPENSES. true EUROPE (INCLUDING ICELAND AND GREENLAND) 1 17 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 2649000 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 3000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 36000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 81000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 1000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 1000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 4485000 1 17 7256000 NEED-BASED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 4 7500 CREDIT STUDENT ACCOUNT 0 N/A N/A NEED-BASED SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 4 5250 CREDIT STUDENT ACCOUNT 0 N/A N/A NEED-BASED SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 500 CREDIT STUDENT ACCOUNT 0 N/A N/A true false true true true false Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE UPON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. SAINT MARY'S COLLEGE IS COMMITTED TO MAKING IT POSSIBLE FOR QUALIFIED STUDENTS TO ENROLL AT THE COLLEGE REGARDLESS OF FINANCIAL CIRCUMSTANCES. AS PART OF THIS COMMITMENT, SAINT MARY'S COLLEGE OFFERS VARIOUS LEVELS OF ACADEMIC SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS AND INSTITUTIONAL GRANTS. ACADEMIC SCHOLARSHIP RECIPIENTS ARE SELECTED AT THE TIME OF ADMISSION, ON THE BASIS OF THEIR ACADEMIC ACHIEVEMENTS IN HIGH SCHOOL. NEED-BASED SCHOLARSHIPS ARE NAMED FOR A SPECIFIC DONOR OR GROUP, AND ARE AWARDED AS PART OF NEED-BASED INSTITUTIONAL GRANT ASSISTANCE, IN ACCORDANCE WITH THE SPECIFIC REQUIREMENTS OF THE SCHOLARSHIP DONOR. INSTITUTIONAL GRANTS ARE AWARDED PRIMARILY ON FINANCIAL NEED AS THE COLLEGE IS COMMITTED TO MAKING A SAINT MARY'S EDUCATION A POSSIBILITY FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED; EACH STUDENT WHO APPLIES FOR FINANCIAL AID RECEIVES CONSIDERATION FOR GRANT ASSISTANCE. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED OR OTHER SIMILAR STANDARDS. CRITERIA FOR ALL SCHOLARSHIPS IS PUBLISHED AND MADE AVAILABLE TO ALL STUDENTS AND THEIR FAMILIES. GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THEY ARE USED APPROPRIATELY AND FOR THEIR INTENDED PURPOSE. Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL SOUTH AMERICA: ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL Method used to account for grants on organization's financial statements Schedule F, Part III CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL SOUTH AMERICA: ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL Method used to account for grants on organization's financial statements Schedule F, Part III CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL X X X X X X X true CAMPBELL & COMPANY ONE EAST WACKER DRIVE SUITE 3350 CHICAGO IL 60601 FUNDRAISING COUNSEL false 0 106219 -106219 0 106219 -106219 AZ CA CO CT DC FL GA IL IN KS KY MD MA MI MN MS NJ NY NC OH OK PA RI SC TN TX UT VA WI WY true MERIT-BASED SCHOLARSHIPS 1209 13842760 0 N/A N/A NEED-BASED SCHOLARSHIPS 652 5591114 0 N/A N/A DONOR RESTRICTED SCHOLARSHIPS 384 2467768 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE UPON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. SAINT MARY'S COLLEGE IS COMMITTED TO MAKING IT POSSIBLE FOR QUALIFIED STUDENTS TO ENROLL AT THE COLLEGE REGARDLESS OF FINANCIAL CIRCUMSTANCES. AS PART OF THIS COMMITMENT, SAINT MARY'S COLLEGE OFFERS VARIOUS LEVELS OF ACADEMIC SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS AND INSTITUTIONAL GRANTS. ACADEMIC SCHOLARSHIP RECIPIENTS ARE SELECTED AT THE TIME OF ADMISSION, ON THE BASIS OF THEIR ACADEMIC ACHIEVEMENTS IN HIGH SCHOOL. NEED-BASED SCHOLARSHIPS ARE NAMED FOR A SPECIFIC DONOR OR GROUP, AND ARE AWARDED AS PART OF NEED-BASED INSTITUTIONAL GRANT ASSISTANCE, IN ACCORDANCE WITH THE SPECIFIC REQUIREMENTS OF THE SCHOLARSHIP DONOR. INSTITUTIONAL GRANTS ARE AWARDED PRIMARILY ON FINANCIAL NEED AS THE COLLEGE IS COMMITTED TO MAKING A SAINT MARY'S EDUCATION A POSSIBILITY FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED; EACH STUDENT WHO APPLIES FOR FINANCIAL AID RECEIVES CONSIDERATION FOR GRANT ASSISTANCE. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED OR OTHER SIMILAR STANDARDS. CRITERIA FOR ALL SCHOLARSHIPS IS PUBLISHED AND MADE AVAILABLE TO ALL STUDENTS AND THEIR FAMILIES. GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THEY ARE USED APPROPRIATELY AND FOR THEIR INTENDED PURPOSE. X X true true X X X false true false false false false false false false SUSAN VANCE 80078 0 108870 0 0 0 5806 0 529 0 195283 0 0 0 BRUCE FINK 170142 0 0 0 0 0 17500 0 15959 0 203601 0 0 0 RICHARD SPELLER 156063 0 0 0 0 0 16320 0 18349 0 190732 0 0 0 SHARON M RODRIGUEZ 140893 0 0 0 0 0 14382 0 7638 0 162913 0 0 0 PATRICIA A FLEMING 167369 0 0 0 0 0 17215 0 15959 0 200543 0 0 0 CAROL ANN MOONEY 250359 0 0 0 14332 0 87000 0 15959 0 367650 0 0 0 Travel for companions Schedule J, Part I, Line 1a TRAVEL EXPENSES FOR A SPOUSE ARE REIMBURSABLE IF IT CAN BE SHOWN THAT THE PERSON'S PRESENCE WAS DIRECTLY RELATED TO THE EFFECTIVE ACCOMPLISHMENT OF COLLEGE BUSINESS. THE PRESIDENT IS OFTEN REQUIRED TO HAVE EXTENSIVE AND UNIQUE CONTACT WITH KEY CONSTITUENCIES ON BEHALF OF THE COLLEGE. WHEN PERFORMING OFFICIAL DUTIES IN SUCH AREAS AS DEVELOPMENT, ALUMNI, COLLEGE RELATIONS, AND PROFESSIONAL ORGANIZATIONS (AND BECAUSE SPOUSES MAKE AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF THESE EVENTS), THE COLLEGE WILL PAY THE SPOUSE'S TRAVEL EXPENSES IF BOTH THE FOLLOWING CONDITIONS ARE MET: (1) THE SPOUSE ATTENDS AND CONTRIBUTES TO THE OFFICIAL FUNCTION. THIS INCLUDES EVENTS WHEN THE SPOUSES OF THE COLLEGE'S GUESTS ARE EXPECTED TO BE PRESENT. (2) THE PURPOSE OF THE TRAVEL AND THE EXPENSES INCURRED ARE FULLY DOCUMENTED AND THE ACTIVITIES OF THE SPOUSE RELATING TO COLLEGE BUSINESS ARE OUTLINED. SINCE THE TRAVEL EXPENSES PAID ON BEHALF OF THE PRESIDENT'S SPOUSE MET THE TWO CONDITIONS STATED ABOVE AND WERE FOR BUSINESS PURPOSES, THE AMOUNT IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT OF THE COLLEGE IS PROVIDED A HOUSING ALLOWANCE. THIS IS REPORTED ON HER W-2 AS TAXABLE COMPENSATION. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THE COLLEGE'S PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS MADE ON HER BEHALF FOR CALENDAR YEAR 2012 AMOUNTED TO $62,500. THIS AMOUNT IS INCLUDED IN FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C). BONUS & INCENTIVE COMPENSATION SCHEDULE J, PART II, COLUMN (B)(II) THE BONUS & INCENTIVE COMPENSATION REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II) FOR SUSAN VANCE, PROFESSOR, IS COMPRISED OF AMOUNTS PAID UNDER THE COLLEGE'S VOLUNTARY INCENTIVE RETIREMENT PROGRAM. A ST JOSEPH COUNTY INDIANA 356000194 790608DM2 2007-03-29 37243692 SEE PART VI false false false B ST JOSEPH COUNTY INDIANA 356000194 2005-03-29 4000000 SEE PART VI false false false C ST JOSEPH COUNTY INDIANA 356000194 790608EB5 2010-07-13 11830969 SEE PART VI false false false D ST JOSEPH COUNTY INDIANA 356000194 790608EL3 2011-11-22 9829932 SEE PART VI false false false A 5160000 0 40299896 0 0 0 294766 458000 0 4167916 35379214 0 2009 true true true true B 3112841 0 4000000 0 0 0 40000 0 0 1368829 2591171 0 2005 true false true true C 935000 0 11831841 0 0 0 201219 0 0 6282842 4205826 1195955 2013 true false false true D 0 0 9830670 0 0 0 136350 0 0 3202756 3200606 3290958 true false false true A false true false false false false 0.0000 0.0000 0.0000 false false 0.0000 false false B false false false false false false 0.0000 0.0000 0.0000 false false 0.0000 false false C false true false false false false 0.0000 0.0000 0.0000 false false 0.0000 false false D false false false false false false 0.0000 0.0000 0.0000 false false 0.0000 false false A false false false true false false 0 false false false 0 false false false B false false true false false false 0 false false false 0 false false false C false true false false false false 0 false false false 0 false false false D false true false false false false 0.0 false false false 0.0 false false false A false B false C false D false DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN (F) 2005 BOND ISSUE (ROW B): FOR ACQUISITION, CONSTRUCTION, EXPANSION, RENOVATION AND EQUIPPING OF COLLEGE FACILITIES AND TO REFUND 10/27/03 BOND ISSUE 2007 BOND ISSUE (ROW A): FOR ACQUISITION, CONSTRUCTION, FURNISHING AND IMPROVING FACILITIES AND TO REFUND A PORTION OF 6/10/98 BOND ISSUE AND TO REFUND 7/25/02 BOND ISSUE 2010 BOND ISSUE (ROW C): FOR ACQUISITION, CONSTRUCTION, EXPANSION, RENOVATION AND EQUIPPING OF COLLEGE FACILITIES AND TO REFUND A PORTION OF 6/10/98 BOND ISSUE 2011 BOND ISSUE (ROW D): FOR ACQUISITION, CONSTRUCTION, EXPANSION, RENOVATION AND EQUIPPING OF COLLEGE FACILITIES AND TO REFUND REMAINING PORTION OF 6/10/98 BOND ISSUE TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 2007 BOND ISSUE (COLUMN A): BOND PROCEEDS - $37,243,692 INVESTMENT INCOME ON PROCEEDS - $3,053,956 2010 BOND ISSUE (COLUMN C): BOND PROCEEDS - $11,830,969 INVESTMENT INCOME ON PROCEEDS - $872 2011 BOND ISSUE (COLUMN D): BOND PROCEEDS - $9,829,932 INVESTMENT INCOME ON PROCEEDS - $738 LEASE ARRANGEMENTS (2007 & 2010 BOND ISSUES) SCHEDULE K, PART III, LINE 2 THE COLLEGE'S LEASE ARRANGEMENTS ARE WITH ITS FOUNDING RELIGIOUS 501(C)(3) ENTITY, THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS, FOR ACTIVITIES THAT DO NOT RESULT IN UNRELATED BUSINESS INCOME TO THE COLLEGE; THEREFORE, THE LEASE ARRANGEMENTS DO NOT RESULT IN PRIVATE BUSINESS USE. WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS ARE REMEDIATED IN ACCORDANCE WITH REGULATIONS SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. EXCEPTION TO REBATE (2007 BOND ISSUE) SCHEDULE K, PART IV, LINE 2B THE ISSUE QUALIFIED FOR AN EXCEPTION TO REBATE SINCE ALL PROCEEDS WERE EXPENDED WITHIN THE PRESCRIBED TIME PERIOD. ISSUER NAME: St. Joseph County, Indiana: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 3/20/2012 (2007 BOND ISSUE). WRITTEN PROCEDURES TO MONITOR REQUIREMENTS OF SECTION 148 SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. WRITTEN PROCEDURES TO ENSURE VIOLATIONS ARE IDENTIFIED AND CORRECTED THROUGH VCAP SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM (VCAP) PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. X 122 3557540 MARKET VALUE X 2 41422 COST X EQUIPMENT 22 3080 COST X FUNDRAISING EVENT MEALS 3 8679 COST 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF DONATIONS RECEIVED HISTORICAL ARTIFACTS: NUMBER OF ITEMS RECEIVED OTHER: NUMBER OF ITEMS RECEIVED OTHER: NUMBER OF EVENTS FOR WHICH COST OF MEALS WAS PAID Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF DONATIONS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line 22 NUMBER OF ITEMS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF ITEMS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line other=FUNDRAISING EVENT MEALS NUMBER OF EVENTS FOR WHICH COST OF MEALS WAS PAID ORGANIZATION'S MISSION (CONTINUED FROM PART III) FORM 990, PART III, LINE 1 A PIONEER IN THE EDUCATION OF WOMEN, SAINT MARY'S IS AN ACADEMIC COMMUNITY WHERE WOMEN DEVELOP THEIR TALENTS AND PREPARE TO MAKE A DIFFERENCE IN THE WORLD. FOUNDED BY THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS IN 1844, SAINT MARY'S PROMOTES A LIFE OF INTELLECTUAL VIGOR, AESTHETIC APPRECIATION, RELIGIOUS SENSIBILITY, AND SOCIAL RESPONSIBILITY. ALL MEMBERS OF SAINT MARY'S REMAIN FAITHFUL TO THIS MISSION AND CONTINUALLY ASSESS THEIR RESPONSE TO THE COMPLEX NEEDS AND CHALLENGES OF THE CONTEMPORARY WORLD. PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III) FORM 990, PART III, LINE 4A AS A CATHOLIC COLLEGE, SAINT MARY'S CULTIVATES A COMMUNITY OF INTELLECTUAL INQUIRY, LITURGICAL PRAYER, AND SOCIAL ACTION. SAINT MARY'S CREATES AN OPEN FORUM IN WHICH STUDENTS FREELY AND CRITICALLY STUDY THE RICH HERITAGE OF THE CATHOLIC TRADITION, RAISING THE QUESTIONS NECESSARY TO DEVELOP A MATURE RELIGIOUS LIFE. THE CELEBRATION OF LITURGY ENCOURAGES STUDENTS TO EXPLORE THE FULLNESS OF LIFE AND ITS MYSTERIES. SAINT MARY'S NURTURES AWARENESS AND COMPASSION FOR A TROUBLED WORLD AND CHALLENGES STUDENTS TO PROMOTE HUMAN DIGNITY THROUGHOUT THEIR LIVES. IN PREPARING WOMEN FOR ROLES OF LEADERSHIP AND ACTION, SAINT MARY'S PAYS PARTICULAR ATTENTION TO THE RIGHTS AND RESPONSIBILITIES OF WOMEN IN THE WORLDS OF WORK, CHURCH, COMMUNITY, AND FAMILY. DEDICATED TO THE PERSONAL AND SOCIAL GROWTH OF ITS STUDENTS, SAINT MARY'S CULTIVATES A COMMUNITY OF STUDENTS, FACULTY, AND STAFF, WHICH RESPONDS TO THE NEEDS OF WOMEN. IN ORDER TO OFFER THE RICHEST EDUCATIONAL EXPERIENCE POSSIBLE, SAINT MARY'S STRIVES TO BRING TOGETHER WOMEN OF DIFFERENT NATIONS, CULTURES, AND RACES. IT PROVIDES A RESIDENTIAL ENVIRONMENT WHERE WOMEN GROW IN THEIR APPRECIATION OF THE STRENGTHS AND NEEDS OF OTHERS. THROUGH A HOST OF CO-CURRICULAR PROGRAMS ON CAMPUS AND IN THE LOCAL COMMUNITY, SAINT MARY'S INITIATES STUDENTS IN THE HABITS OF CIVIC RESPONSIBILITY. ENGAGING IN ALL ASPECTS OF THE COLLEGE EXPERIENCE, STUDENTS ACQUIRE THE HALLMARKS OF A LIBERALLY EDUCATED WOMAN: KEEN SELF-KNOWLEDGE, LIVELY IMAGINATION, LIFELONG INTELLECTUAL AND CULTURAL INTERESTS, AND THE ABILITY TO MAKE SOCIALLY RESPONSIBLE CHOICES ABOUT THE FUTURE. CALLED INTO BEING IN RESPONSE TO THE PETITIONS OF PARENTS WHO DESIRED A CHRISTIAN EDUCATION FOR THEIR DAUGHTERS, SAINT MARY'S HAS MET THE RECOGNIZED NEEDS OF EACH GENERATION OF STUDENTS. THEN, AS NOW, A STRONG BACKGROUND IN THE LIBERAL ARTS WAS DEEMED ESSENTIAL FOR WOMEN WHO WERE EDUCATED TO ASSUME LEADERSHIP ROLES IN THE RELIGIOUS, SOCIAL AND ECONOMIC STRUCTURES OF THEIR DAY. TODAY SAINT MARY'S CONTINUES TO FULFILL ITS ONGOING MISSION OF A CATHOLIC WOMEN'S COLLEGE DEDICATED TO THE TOTAL DEVELOPMENT OF ITS STUDENTS. DURING THE FISCAL YEAR ENDED MAY 31, 2013, SAINT MARY'S HAD AN UNDERGRADUATE POPULATION OF 1,469 STUDENTS DURING THE FALL SEMESTER AND 1,456 STUDENTS DURING THE SPRING SEMESTER. Material differences in voting rights Form 990, Part VI, Section A, Line 1a UPON RECOMMENDATION OF THE TRUSTEESHIP COMMITTEE, TRUSTEES WHO HAVE SERVED WITH DISTINCTION FOR AT LEAST TWO (2) TERMS MAY BE ELECTED BY THE MAJORITY OF THE BOARD AS TRUSTEES EMERITI/EMERITAE. TERMS SHALL BE THREE (3) YEARS AND SHALL BE RENEWABLE FOR A TOTAL OF TWO (3) THREE-YEAR TERMS, PROVIDED THE NUMBER OF TRUSTEES EMERITI/EMERITAE DOES NOT EXCEED ONE-THIRD (1/3) OF THE TOTAL NUMBER OF TRUSTEES. EXCEPT FOR THE EXECUTIVE COMMITTEE AND TRUSTEESHIP COMMITTEE, TRUSTEES EMERITI/EMERITAE SHALL BE ELIGIBLE TO SERVE ON BOARD COMMITTEES, WITH VOTE, AND SHALL SPEAK FREELY AT ALL BOARD AND COMMITTEE MEETINGS. TRUSTEES EMERITI/EMERITAE SHALL NOT HAVE VOTING PRIVILEGES AT BOARD MEETINGS AND SHALL NOT BE COUNTED AS PART OF QUORUM DETERMINATIONS. TRUSTEES EMERITI/EMERITAE SHALL BE SENT NOTICES AND MINUTES OF ALL BOARD MEETINGS AND SHALL BE ENCOURAGED TO ATTEND BOARD MEETINGS OR OTHERWISE ACCEPT SPECIAL ASSIGNMENTS BY THE BOARD. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a EACH COMMITTEE SHALL HAVE BOTH A CHAIR AND A VICE CHAIR. THE VICE CHAIR IS AUTHORIZED TO CONDUCT A COMMITTEE MEETING IN THE ABSENCE OF THE COMMITTEE CHAIR. EACH COMMITTEE SHALL HAVE A WRITTEN STATEMENT OF RULES AND PROCEDURE OR POLICY GUIDELINES THAT IT AND THE BOARD DEEM APPROPRIATE. SUCH STATEMENTS SHALL BE REVIEWED ANNUALLY BY EACH COMMITTEE AND THE RESULT OF SUCH REVIEW SHALL BE REPORTED TO THE BOARD AT ITS NEXT MEETING. EACH COMMITTEE SHALL CONDUCT ITS WORK IN A MANNER CONSISTENT WITH THE CATHOLIC IDENTITY AND MISSION OF THE COLLEGE. COMMITTEES MAY HOLD AN EXECUTIVE SESSION AT THE END OF ANY MEETING IF EITHER NECESSARY OR DESIRABLE. EXECUTIVE SESSIONS SHALL INCLUDE ONLY THOSE MEMBERS WHO ARE VOTING COMMITTEE MEMBERS. AS SOON AS POSSIBLE AFTER THE EXECUTIVE SESSION THE CHAIR (OR VICE CHAIR IN THE ABSENCE OF THE CHAIR) WILL REPORT TO THE CHAIR OF THE BOARD AND THE PRESIDENT ON THE MATTERS DISCUSSED OR MOTIONS APPROVED DURING THE MEETING AND IN EXECUTIVE SESSION. WITH THE EXCEPTION OF THE EXECUTIVE COMMITTEE OR EXCEPT AS OTHERWISE PROVIDED IN THE COLLEGE'S BYLAWS, NO STANDING OR AD HOC COMMITTEE SHALL HAVE THE POWER TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE AMONG ITS MEMBERSHIP THE CHAIR (WHO SHALL ACT AS CHAIR OF THIS COMMITTEE), THE PRESIDENT, A CLASS ONE TRUSTEE (AS DEFINED IN THE CORPORATION'S BYLAWS), THE VICE CHAIR, SECRETARY AND TREASURER OF THE BOARD, AND THE CHAIRS OF THE STANDING COMMITTEES. IF AT LEAST THREE (3) MEMBERS OF THIS COMMITTEE ARE NOT TRUSTEES WHO ARE MEMBERS OF THE CONGREGATION, THE CHAIR SHALL APPOINT ADDITIONAL TRUSTEE MEMBERS OF THE CONGREGATION SUFFICIENT TO BRING THE CONGREGATION REPRESENTATION TO THREE (3). THE EXECUTIVE COMMITTEE SHALL ACT AS THE BOARD'S AGENT IN HELPING THE PRESIDENT ADDRESS MATTERS OF BUSINESS BETWEEN REGULAR BOARD MEETINGS AND ASSIST THE CHAIR AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELD THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. IT SHALL HAVE THE AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING. IN ORDER TO PROTECT THE ASSETS OF THE CORPORATION, THE EXECUTIVE COMMITTEE SHALL RECEIVE REPORTS FROM THE CORPORATION'S LEGAL COUNSEL CONCERNING SUCH ACTUAL, IMPENDING, OR POTENTIAL LITIGATION INVOLVING THE CORPORATION OR WHICH MIGHT INVOLVE THE CORPORATION, AS COUNSEL IS FROM TIME TO TIME MADE AWARE. THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF THE BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS AND ITS PROGRESS ON PLANNING GOALS. THE EXECUTIVE COMMITTEE SHALL PARTICIPATE IN THE EVALUATION OF THE PRESIDENT'S PERFORMANCE. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED TO THE BOARD: A) SELECTION AND TERMINATION OF THE PRESIDENT; B) SELECTION OF THE TRUSTEES AND OFFICERS OF THE BOARD; C) CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; D) AMENDMENTS OF THE ARTICLES OF INCORPORATION OR BYLAWS; E) INCURRING OF CORPORATE INDEBTEDNESS; F) AUTHORIZING THE SELLING, LEASING, BUYING, OR MORTGAGING OF REAL ESTATE OR BUILDINGS OWNED BY THE CORPORATION; G) MERGING OR AFFILIATING (WHICH CHANGES GOVERNANCE OR IDENTITY OF THE COLLEGE) THE CORPORATION OR THE COLLEGE WITH ANOTHER CORPORATION OR COLLEGE; H) ADOPTION OF THE ANNUAL BUDGET; I) CONFERRAL OF DEGREES; J) OTHER POWERS RESERVED TO THE BOARD, FROM TIME TO TIME BY THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE SUBJECT TO RATIFICATION AT THE NEXT BOARD MEETING. MINUTES OF THE MEETINGS OF THE EXECUTIVE COMMITTEE SHALL BE TAKEN AND ALL ITEMS ON WHICH THE COMMITTEE HAS TAKEN ACTION SHALL BE SUBMITTED TO THE BOARD AT ITS NEXT SUCCEEDING MEETING FOR RATIFICATION, BUT FAILURE TO SUBMIT SUCH ACTION ITEMS OR TO RECEIVE RATIFICATION SHALL NOT INVALIDATE ANY ACTION TAKEN BY THE COLLEGE UPON AUTHORIZATION BY THE EXECUTIVE COMMITTEE. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a SAINT MARY'S COLLEGE WAS FOUNDED BY THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS (THE CONGREGATION) IN 1844. IN 1994 THE CONGREGATION PASSED THE GOVERNANCE OF THE COLLEGE TO THE BOARD OF TRUSTEES. THE CONGREGATION RETAINED THE RIGHT TO APPOINT THREE MEMBERS OF THE BOARD OF TRUSTEES. IN ADDITION TO THE APPOINTED MEMBERS, SEVEN OTHER MEMBERS OF THE BOARD OF TRUSTEES MUST BE FROM THE CONGREGATION OR OTHER ROMAN CATHOLIC RELIGIOUS CONGREGATIONS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S MANAGEMENT REVIEWS A DRAFT OF THE FORM 990 IN DETAIL. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS THEN REVIEWED WITH OUR TAX ADVISORS AND APPROVED BY THE AUDIT COMMITTEE. A COPY IS ALSO SUPPLIED TO EACH BOARD MEMBER FOR THEIR REVIEW PRIOR TO ITS FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE QUESTIONNAIRES ARE PROVIDED TO EACH BOARD OF TRUSTEE MEMBER. ONCE THE QUESTIONNAIRES ARE COMPLETED THE RESPONSES ARE REVIEWED AND IT IS DETERMINED WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT MEMBER IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ALL OFFICERS OF THE COLLEGE, ALL EMPLOYEES WORKING IN THE FINANCIAL AID AND BUSINESS OFFICES, AND ALL EMPLOYEES AUTHORIZED TO SIGN FOR EXPENDITURES, ACTING AS PRINCIPALS ON GRANTS OR INVOLVED IN MAKING PURCHASES ON BEHALF OF THE COLLEGE ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE FORM. THE FORMS ARE REVIEWED BY THE DIRECTOR OF PURCHASING; IF THERE IS A POTENTIAL CONFLICT OF INTEREST THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION REVIEWS THE CORRESPONDING ISSUE AND DETERMINES IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DECISIONS OR ACTIONS REGARDING THE CONFLICTING ISSUE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PRESIDENT IS CURRENTLY SERVING UNDER A FIVE-YEAR CONTRACT, ORIGINALLY EXPIRING MAY 31, 2014 AND EXTENDED TO MAY 31, 2016, THAT WAS APPROVED BY THE BOARD AND DOCUMENTED IN MEETING MINUTES. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT INCLUDED A REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, WHICH CONSISTS OF INDEPENDENT PERSONS. THE BOARD OF TRUSTEES USED COMPARABILITY WITH PEER DATA AS PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION AND OTHER AVAILABLE DATA FROM HIGHER EDUCATION INSTITUTIONS TO DETERMINE THE AMOUNT OF COMPENSATION. AS PART OF THE PRESIDENT'S CONTRACT SHE RECEIVES SALARY INCREASES IN AN AMOUNT EQUAL TO THE INCREMENTAL SALARY PERCENTAGE INCREASES FOR ALL SAINT MARY'S EMPLOYEES AS APPROVED BY THE BOARD OF TRUSTEES. AT THE APRIL 2013 BOARD MEETING THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWED THE PRESIDENTS CURRENT CONTRACT AND COMPENSATION. MINUTES DOCUMENTING THIS EXECUTIVE COMMITTEE OF THE BOARD REVIEW AND THEIR DELIBERATIONS WERE TAKEN. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE DIRECTOR OF HUMAN RESOURCES COMPILED SALARY AND BENEFIT DATA FOR THE POSITIONS OF SENIOR VP & PROVOST; VICE PRESIDENT OF FINANCE & ADMINISTRATION; VICE PRESIDENT OF COLLEGE RELATIONS; VICE PRESIDENT OF STUDENT AFFAIRS; VICE PRESIDENT FOR ENROLLMENT MANAGEMENT; AND THE VICE PRESIDENT OF MISSION. THE INFORMATION DOCUMENTS THE SALARIES OF THOSE IN SIMILAR POSITIONS AT COMPARABLE COLLEGES. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION RECOMMENDATIONS OF THE PRESIDENT FOR THE ABOVE NAMED OFFICERS. THE STUDY PREPARED BY THE DIRECTOR OF HUMAN RESOURCES IS PROVIDED TO THE CHAIR OF THE BOARD OF TRUSTEES AS SUPPORTING DOCUMENTATION FOR THE COMMITTEE'S DISCUSSION. THE RESULTS OF THE DELIBERATION PROCESS WERE DOCUMENTED IN THE MINUTES OF THE MEETING HELD APRIL 19, 2013. ALL OF THE PERSONS IN THOSE POSITIONS RECEIVED THE 1% GENERAL INCREASE EFFECTIVE 1/1/14 THAT WAS PROVIDED TO FACULTY AND STAFF OF THE COLLEGE. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SEC. 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FORM 990, PART VII, SECTION A SEVEN SISTERS WHO ARE MEMBERS OF THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS (CONGREGATION) ARE MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE. ONE SISTER WHO IS A MEMBER OF THE CONGREGATION IS AN OFFICER OF THE COLLEGE. THESE INDIVIDUALS ARE LISTED BELOW: SISTER MARY LOUISE FULL, CSC SISTER MARY ANN PAJAKOWSKI, CSC SISTER ROSE ANNE SCHULTZ, CSC SISTER CATHERINE KAMPHAUS, CSC SISTER KATHLEEN REILLY, CSC SISTER AGNES ANNE ROBERTS, CSC SISTER JUDITH HALLOCK, CSC SISTER VERONIQUE WIEDOWER, CSC THREE SISTERS WHO ARE MEMBERS OF THE CONGREGATION SERVE IN OTHER POSITIONS AT THE COLLEGE. THE CONGREGATION IS PAID FOR THEIR SERVICES TO THE COLLEGE IN LIEU OF SALARY AND BENEFIT PAYMENTS TO THE SISTERS. THE PAYMENTS ARE COMPARABLE TO THAT OF WHAT LAY EMPLOYEES IN SIMILAR POSITIONS WOULD RECEIVE. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST - 1445493; CHANGES IN POSTRETIREMENT NET PERIODIC BENEFIT COST - 216738; Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF DONATIONS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line 22 NUMBER OF ITEMS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF ITEMS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line other=FUNDRAISING EVENT MEALS NUMBER OF EVENTS FOR WHICH COST OF MEALS WAS PAID SISTER MARIA PIETA SCOTT CSC SCHOLARSHIP TRUST C/O SPRING VALLEY BANK PO BOX 830 JASPER IN 47547 GRANT-GIVING IN 501(C)(3) N/A SAINT MARY'S COLLEGE true false false true false false false false false false false false false false false false false false false false