2014-04-15T19:06:03-05:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-07-01 951641455 MOUNT ST MARY'S COLLEGE MOUN 3109544040 12001 CHALON RD LOS ANGELES CA 90049 CHRIS K MCALARY 2134772515 2014-04-05 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z ANN MCELANEY-JOHNSON 12001 CHALON RD LOS ANGELES CA 90049 119297948 0 0928 X WWW.MSMC.LA.EDU X 1925 CA MOUNT ST. MARY'S COLLEGE IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION FOUNDED BY THE SISTERS OF ST. JOSEPH IN CALIFORNIA (PROVINCIALATE), KNOWN AS THE LOS ANGELES PROVINCE OF THE SISTERS OF ST. JOSEPH OF CARONDELET, A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. THE COLLEGE WAS FOUNDED IN 1925 BY THE SISTERS OF ST. JOSEPH AND HAS OPERATED CONTINOUSLY SINCE THAT DATE. THE OBJECTIVE OF MOUNT ST. MARY'S COLLEGE AS A NONPROFIT EDUCATIONAL INSTITUTION IS SERVICE. THE COLLEGE HAS DEVOTED ITSELF TO EXCELLENCE IN LIBERAL ARTS AND SCIENCES AND GRANTS DEGREES IN ASSOCIATE, BACCALAUREATE AND MASTERS PROGRAMS, WITH A SPECIAL FOCUS ON THE EDUCATION OF WOMEN FOR LEADERSHIP POSITIONS IN OUR SOCIETY. 24 23 1713 219 -47110 -66814 8316926 10486231 79260958 87944538 3260980 5106342 1428630 1409224 92267494 104946335 20491173 24516407 0 0 37470090 38578544 0 26880 1531232 26672599 28495249 84633862 91617080 7633632 13329255 192249022 211188008 15067364 15513876 177181658 195674132 X MOUNT ST. MARY'S COLLEGE OFFFERS A DYNAMIC LEARNING EXPERIENCE IN THE LIBERAL ARTS AND SCIENCES TO A DIVERSE STUDENT BODY. AS A CATHOLIC COLLEGE PRIMARILY FOR WOMEN, WE ARE DEDICATED TO PROVIDING A SUPERIOR EDUCATION ENHANCED BY AN EMPHASIS ON BUILDING LEADERSHIP SKILLS AND FOSTERING A SPIRIT TO SERVE OTHERS. OUR MEASURE OF SUCCESS IS GRADUATES WHO ARE COMMITTED TO USING THEIR KNOWLEDGE AND SKILLS TO BETTER THEMSELVES, THEIR ENVIRONMENTS, AND THE WORLD. 0 0 72562449 24516407 79754931 INSTRUCTION: MOUNT ST. MARY'S COLLEGE PROVIDES VALUES BASED TRADITIONAL UNDERGRADUATE EDUCATION FOR WOMEN, AS WELL AS, INNOVATIVE NON-TRADITIONAL UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR WOMEN AND MEN. THE COLLEGE'S ACADEMIC PROGRAMS PLACE A STRONG EMPHASIS ON SOCIAL AND ETHICAL VALUES CONSISTENT WITH A VIEW OF COMPASSIONATE COMMUNITY INVOLVEMENT. SINCE ITS INCEPTION, THE COLLEGE HAS GRANTED MORE THAN 17,600 DEGREES. DURING THE FISCAL YEAR ENDED JUNE 30, 2013, THE COLLEGE ENROLLED APPROXIMATELY 1,800 FULL-TIME EQUIVALENT (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 391 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 624 FTE GRADUATE STUDENTS. 5488107 9593039 AUXILIARY ENTERPRISES: MOUNT ST. MARY'S COLLEGE AUXILIARY ENTERPRISES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND PARKING FACILITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2013, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 619 UNDERGRADUATE STUDENTS. 78050556 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 212 0 1713 1 1 1 1 CJ CA 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ANDREW LOCCISANO 2134772515 12001 CHALON ROAD LOS ANGELES CA 90049 MCELANEY-JOHNSON ANN 40.00 0.00 X X 259972 0 76457 MCDONALD JUDITH 0.50 0.00 X X 0 0 0 BELARDI JAMES R 0.50 0.00 X 0 0 0 BLUMENTHAL THOMAS J 0.50 0.00 X 0 0 0 DEBS CSJ SR ANNETTE 0.50 39.50 X 0 0 0 DUCAN KATHLEEN M 0.50 0.00 X 0 0 0 FATEMI SHIREEN 0.50 0.00 X 0 0 0 FICKES CATHERINE 0.50 0.00 X 0 0 0 GEORGINO SUSAN 0.50 0.00 X 0 0 0 GUTIERREZ HONORABLE GABRIEL A 0.50 0.00 X 0 0 0 HENEHAN CSJ SR JOAN 0.50 39.50 X 0 0 0 HENNIGAN PHYLLIS L 0.50 0.00 X 0 0 0 JOHNSON HONORABLE JANE 0.50 0.00 X 0 0 0 KEARNS JOSEPH 0.50 0.00 X 0 0 0 KRETA CSJ SR CATHERINE MARIE 0.50 39.50 X 0 0 0 OTOMO-CORGEL JOAN 0.50 0.00 X 0 0 0 PAGE STEPHEN F 0.50 0.00 X 0 0 0 ROSHOLT CSJ SR MARY PAT 0.50 39.50 X 0 0 0 SCHUSTER DR JACK H 0.50 0.00 X X 0 0 0 SHIRLEY JANNE 0.50 0.00 X 0 0 0 SMITH CAMBRIA 0.50 0.00 X 0 0 0 STOWASSER CSJ SR BARBARA ANNE 0.50 39.50 X 0 0 0 WICKERSHAM GRACE 0.50 0.00 X 0 0 0 ZAVALA VAL 0.50 0.00 X 0 0 0 SIEBERT ELEANOR 40.00 0.00 X 214072 0 21504 MCALARY CHRISTOPHER 40.00 0.00 X 207974 0 18808 SMITH LAWRENCE 40.00 0.00 X 196201 0 25262 LINGUA JANE 40.00 0.00 X 189062 0 24722 CUBBA STEPHANIE 40.00 0.00 X 208034 0 20468 BROWN HEATHER 40.00 0.00 X 148283 0 17092 LEESE DAVID 40.00 0.00 X 124575 0 27165 SATO MARSHA 40.00 0.00 X 126089 0 15186 LOWE DEBORAH 40.00 0.00 X 117293 0 26506 KILGOUR DEAN 40.00 0.00 X 115227 0 18714 DOUD JACQUELINE 40.00 0.00 X 150748 0 261 2057530 0 292145 23 1 1 0 ELLUCIAN COMPANY 13377 COLLECTION CENTER DR CHICAGO IL 60693 COMPUTER SUPPORT 2694362 BON APPETIT 12001 CHALON ROAD LOS ANGELES CA 90049 RESTAURANT MANAGEMENT 2185873 RACE POINT INC 13273 VENTURA BLVD 209 STUDIO CITY CA 91064 CONSTRUCTION 984406 UNIVERSAL PROTECTION SERVICE 3800 W 800TH ST SUITE 1250 BLOOMINGTON MN 55431 SECURITY 848536 ADMINISTRATIVE RESOURCE OPTION 200 WEST ADAMS SUITE 2000 CHICAGO IL 60606 CONSULTING 301995 21 85450 4819822 5580959 122468 10486231 TUITION AND FEES 611710 79754931 79754931 HOUSING 721310 4184766 4184766 FOOD SERVICE 721310 4004841 4004841 87944538 1609015 -47110 1656125 269813 264021 5792 5792 5792 17584919 14087592 3497327 3497327 3497327 DA CAMERA SOCIETY 611710 535540 535540 MISCELLANEOUS INCOME 611710 450203 450203 FILM INCOME 611710 288422 288422 129267 129267 1403432 104946335 89347970 -47110 5159244 24516407 24516407 1286449 407348 666885 212216 30075443 25961700 3536175 577568 1779841 1525431 200028 54382 3196408 2739514 359230 97664 2240403 1920160 251789 68454 4147991 2725475 1298732 123784 40219 40219 262268 262268 26880 26880 393358 393358 2145167 1626556 439587 79024 1054448 1000360 44173 9915 7457359 5814308 1460800 182251 2223391 1693778 506456 23157 1562491 1298511 263980 641720 440682 178766 22272 160888 128504 18917 13467 226584 212989 13595 531859 427135 104724 3532223 3320290 211933 378114 687 377427 BUILDING MAINTENANCE 2189787 2046620 143167 MISCELLANEOUS 990335 244101 706036 40198 CANCELLATION COSTS 557047 557047 91617080 78050556 12035292 1531232 120810 435891 17044460 22247939 332137 1030763 10041316 9142046 873896 892247 105520790 38735632 66029797 66785158 62655723 37681056 32935467 70637209 2215416 2335699 192249022 211188008 4196192 6239176 499822 4687114 4648126 4606794 3000000 1577264 1126752 15067364 15513876 X 99902912 111910395 28686318 34594358 48592428 49169379 177181658 195674132 192249022 211188008 X 13329255 5156091 7128 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 97710678 4182061 9932531 2917312 359140 108548818 99825249 2770434 -1743393 2760308 381304 97710678 79628244 6786912 16461736 2716247 335396 99825249 65362751 6498706 10726044 2645422 313835 79628244 78582372 4636357 -15162092 2450331 243555 65362751 0.37000 0.39000 0.24000 1 0 10256363 10256363 81373825 27752016 53621809 11363113 9529658 1833455 2527489 1453958 1073531 66785158 COMMONFUND PE INVESTMENTS 7320265 F OFFSHORE FUNDS 23385284 F REAL ESTATE INVESTMENT TRUSTS 962529 F ANNUITY CONTRACTS 1305170 F MINERAL RIGHTS 660601 C PARTNERSHIP INVESTMENTS 37003360 F 70637209 ANNUITIES PAYABLE 806252 ASSET RETIREMENT OBLIGATION 320500 1126752 X 85234008 5156091 271149 5427240 79806768 393358 24746209 25139567 104946335 66741534 264021 264021 66477513 393358 24746209 25139567 91617080 PART III, LINE 4: THE JOSE DRUDIS-BIADA'S ARTWORK CONSISTS OF 92 WORKS, INCLUDING OIL PAINTINGS, WATERCOLORS AND DRAWINGS. THE ARTWORK IS USED AS A TEACHING TOOL FOR THE STUDENT TO STUDY A SPECIFIC ART MOVEMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012. 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 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 264,021. CHANGES IN ANNUITY PAYABLE 7,128. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID 24,516,407. BAD DEBT ALLOWANCE ADJUSTMENT 172,118. FILM EXPENSE 57,684. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 264,021. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID 24,516,407. BAD DEBT ALLOWANCE ADJUSTMENT 172,118. FILM EXPENSE 57,684. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE COLLEGE'S CATALOG AND ADMISSION BROCHURES, AS WELL AS THE WEBSITE AND PRINTED MEDIA PROVIDED TO DONORS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE FEDERAL WORK-STUDY PROGRAM AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENT ACTIVITIES 14937232 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT ACTIVITIES 8448052 0 0 0 0 0 0 23385284 0 23385284 0 0 0 0 0 0 X 1 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR CEDAR RAPIDS IA 52404 PHONE SOLICITATION 0 59249 26880 32369 59249 26880 32369 CA 1 COLLEGE FUNDED GRANTS/AWARDS FOR STUDENTS 1911 19671850 COLLEGE FUNDED WAIVERS/DISCOUNT FOR STUDENTS 249 1338176 PRIVATE DONATIONS - EXPENDABLE FOR STUDENTS 362 1415908 PRIVATE DONATIONS - ENDOWED FOR STUDENTS 334 1640473 FEDERAL FUNDED GRANTS/FINANCIAL AID FOR STUDENTS 214 450000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OFFICE OF STUDENT FINANCING IS RESPONSIBLE FOR THE MONITORING OF ALL STUDENT AID. ALL GRANT AID IS APPLIED DIRECTLY TO THE STUDENT ACCOUNTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MCELANEY-JOHNSON ANN 230349 0 0 0 29623 0 19213 0 57244 0 336429 0 0 0 SIEBERT ELEANOR 195621 0 0 0 18451 0 16850 0 4654 0 235576 0 0 0 MCALARY CHRISTOPHER 205710 0 0 0 2264 0 16688 0 2120 0 226782 0 0 0 SMITH LAWRENCE 193790 0 0 0 2411 0 15704 0 9558 0 221463 0 0 0 LINGUA JANE 185978 0 0 0 3084 0 15183 0 9539 0 213784 0 0 0 CUBBA STEPHANIE 206873 0 0 0 1161 0 16689 0 3779 0 228502 0 0 0 BROWN HEATHER 147133 0 0 0 1150 0 11926 0 5166 0 165375 0 0 0 LEESE DAVID 98474 0 0 0 26101 0 10496 0 16669 0 151740 0 0 0 DOUD JACQUELINE 131658 0 0 0 19090 0 0 0 261 0 151009 0 0 0 PART I, LINE 1A THE COLLEGE HAD PURCHASED A HOUSE FOR THE PRESIDENT'S RESIDENCE. SOCIAL CLUB DUES - USE OF FACILITIES FOR COLLEGE BUSINESS MEETINGS AND OTHER RELATED PURPOSES. SISTERS OF ST JOSEPH OF CARONDELET FOUNDERS OF THE ORGANIZATION THE PURPOSE OF THE LOAN: FOR THE PURCHASE OF PARKING LOT X 3000000 3000000 0 1 1 3000000 X 7 122468 MARKET VALUE 0 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): PART I, COLUMN B REPRESENTS THE NUMBER OF DONORS. THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE USES MORGAN STANLEY TO SELL THE STOCK DONATIONS FORM 990, PART VI, SECTION A, LINE 2 THE COLLEGE HAS BUSINESS RELATIONSHIPS WITH THE SISTERS OF ST. JOSEPH OF CARONDELET. FIVE OF THE COLLEGE'S BOARD MEMBERS ARE AFFILIATED WITH THIS ORGANIZATION: SISTER ANNETTE DEBS, SISTER JOAN HENEHAN, SISTER CATHERINE MARIE KRETA, SISTER MARY PAT ROSHOLT, AND SISTER BARBARA ANNE STOWASSER ARE ON THE BOARD OF TRUSTEES AND BELONG TO THE SAME ORDER (SISTERS OF ST. JOSEPH OF CARONDELET). FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF THE PROVINCIAL SUPERIOR OF THE LOS ANGELES PROVINCE OF THE ROMAN CATHOLIC RELIGIOUS CONGREGATION KNOWN AS "SISTERS OF ST. JOSEPH OF CARONDELET" AND FOUR OR MORE ADDITIONAL MEMBERS OF THE PROVINCIAL COUNCIL OF THE LOS ANGELES PROVINCE OF THE CONGREGATION AS ARE APPOINTED ANNUALLY BY THE PROVINCIAL COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO APPOINT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO APPROVE THE SIGNIFICANT DECISIONS MADE BY THE BOARD OF TRUSTEES AT THE ANNUAL MEETING OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE DRAFT OF THE RETURN IN THE MONTH OF FEBRUARY. AFTER THE REVIEW, THE DRAFT IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION IN THE MONTH OF FEBRUARY. ONCE APPROVED, THE APPROVED DRAFT IS SUBMITTED TO THE BOARD AT THE MARCH MEETING FOR FINAL APPROVAL BEFORE FILING THE RETURN WITH THE IRS BEFORE THE MAY 15 DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C EACH WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED EVERY YEAR AT THE ANNUAL MAY BOARD MEETING BY THE CHAIR OF THE BOARD IN CONJUNCTION WITH THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATIONS. THE BOARD CHAIR GIVES HER RECOMMENDATION TO THE COMPENSATION COMMITTEE WHO DETERMINES COMPENSATION. THE PRESIDENT REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO APPROPRIATE PARTIES UPON REQUEST THROUGH REPORTS OR RESPONSES TO QUESTIONNAIRES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGES IN ANNUITY PAYABLE 7,128. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS. SISTERS OF ST JOSEPH OF CARONDELET 11999 CHALON ROAD LOS ANGELES CA 90049 RELIGIOUS CA 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST CA T 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 SISTERS OF ST JOSEPH OF CARONDELET M 531859 CONTRACT SISTERS OF ST JOSEPH OF CARONDELET E 3000000 LOAN BALANCE SISTERS OF ST JOSEPH OF CARONDELET C 85450 CASH