2014-02-17T09:39:46-06:00 2013-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2012-07-01 480777079 Benedictine College % RONALD J OLINGER BENE 9133675340 1020 N 2nd Street Suite Atchison KS 66002 RONALD J OLINGER 8162216300 2014-02-15 true Michael J Engle 8162216300 2012 2015-11-30 17:44:51Z STEPHEN D MINNIS 1020 N 2ND STREET Atchison KS 66002 58090755 false 0928 X www.benedictine.edu X 1971 KS BENEDICTINE COLLEGE'S MISSION AS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE IS THE EDUCATION OF MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. 31 30 1145 31 109284 -76235 7412410 4134652 46055373 51854937 920920 636328 561177 640256 54949880 57266173 17241585 19213781 0 0 16432085 17813000 49200 48000 1405789 17380110 20514740 51102980 57589521 3846900 -323348 113266461 109482038 48634592 43833176 64631869 65648862 X SEE SCHEDULE O false false 49022526 19213781 52494818 SEE SCHEDULE O 49022526 true true false false false false false true false true true false false false true true true false true true true false true true true false false false true true true false false false false false false true false false false true false false false false false false false false true 2251 0 true 1145 true true true false false false false true true true 1 false false false X 31 30 true false false false false false false true true false false true true true true true true true false false X RONALD J OLINGER 9133675340 1020 N 2ND STREET ATCHISON KS 66002 X Abbot James Albers OSB 1.0 0.0 X X Larry Buessing 1.0 0.0 X Shirley Chenoweth 1.0 0.0 X JUDITH HEMBERGER 1.0 0.0 X M Darryl Jones 1.0 X Kevin E Kramer 1.0 0.0 X Fr Gabriel Landis OSB 1.0 0.0 X David M Laughlin 1.0 0.0 X Stephen E McBride 1.0 0.0 X Michael Murphy 1.0 0.0 X Jack A Newman Jr 1.0 0.0 X X Kathleen O'Hara 1.0 0.0 X S Mary Agnes Patterson OSB 1.0 0.0 X RICHARD SULLIVAN 1.0 0.0 X Matthew Tynan 1.0 0.0 X Carolyn Watley 1.0 0.0 X Paul D Westerman 1.0 0.0 X Robert S Wholey 1.0 0.0 X S Anne Shepard OSB 1.0 0.0 X X Abbot Barnabas Senecal OSB 1.0 0.0 X X Susan Zubradt 1.0 0.0 X PATRICK M CARR SR 1.0 0.0 X MICHAEL LAUSE 1.0 0.0 X LENE WESTERMAN 1.0 0.0 X CAROL ROGERS 1.0 0.0 X GERALD BRUNGARDT 1.0 0.0 X JOAN KOECHNER 1.0 0.0 X PAT GEORGE 1.0 0.0 X FR JEREMY HEPPLER OSB 1.0 0.0 X KATHRYN WEISHAR DALZELL 1.0 0.0 X S THOMASITA HOMAN OSB 1.0 0.0 X X Stephen D Minnis 40.0 0.0 X 320571 0 42400 Kimberly C Shankman 40.0 0.0 X 102432 0 28129 Ronald J Olinger 40.0 0.0 X 139456 0 14771 Kristie R Scholz 40.0 0.0 X 69330 0 4121 FR MAURICE HAEFLING OSB 1.0 0.0 X 0 0 Kelly Vowels 40.0 0.0 X 146355 0 25130 DARRIN MUGGLI 40.0 0.0 X 110791 24746 TIM ANDREWS 40.0 X 100852 15849 989787 0 155146 6 false true false FREE COUNTRY DESIGN CONSTRUCT CONSTRUCTION 411183 UNIVERSITY OF NORTH DAKOTA ADMINISTRATIVE 185649 TREANOR ARCHITECTS PA ARCHITECT FIRM 189000 RICOH USA INC PRINTING 114394 4 486183 41947 3606522 171725 4134652 TUITION & FEES 611600 39955435 39955435 ROOM & BOARD 611600 10829114 10829114 STUDENT ACTIVITIES 611710 773660 773660 ATHLETIC INCOME 611710 296728 296728 51854937 585737 585737 0 39 39 0 0 0 422454 0 369015 2848 53439 -2848 50591 50591 89127 486183 198075 -108948 -108948 0 337753 254644 83109 83109 COMSPEC 611710 12000 12000 CATERING SERVICES 722320 109288 109288 CONFERENCES 541900 150143 150143 394625 556772 -162147 666056 57266173 52494818 109284 527419 0 18717001 18717001 496780 496780 0 769605 142564 627041 0 13115015 10867750 1532840 714425 280840 224096 37671 19073 2764450 1316795 1390654 57001 883090 727547 108737 46806 0 20470 20470 58574 58574 0 48000 48000 111451 111451 3872229 3533048 176554 162627 126642 46036 80606 779071 523895 204108 51068 547707 81211 466396 100 0 1705084 1394833 254366 55885 960823 889797 35662 35364 0 57017 49636 6286 1095 1705301 1705301 0 5417082 4602789 794185 20108 407314 312729 77483 17102 ACADEMIC SUPPORT 776892 776892 AUXILIARY EXPENSES 734915 734915 INSTRUCTION & DEPT RESEARCH 325954 325954 STUDENT SERVICES 984633 984633 1923581 568324 1178122 177135 57589521 49022526 7161206 1405789 1062385 277875 3231926 2837960 5706577 4131079 492369 418276 0 0 0 0 0 0 259008 275829 271417 191950 114476385 41633986 71459454 72842399 25397732 23092572 0 0 3303123 3290825 0 0 2082470 2123273 113266461 109482038 4116397 3037908 0 0 414302 451090 39995399 36252245 0 0 0 0 31146 0 0 0 4077348 4091933 48634592 43833176 X 39117788 40619123 8898662 7982473 16615419 17047266 64631869 65648862 113266461 109482038 X -323348 1323353 16988 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1644431 X false false false 19435957 447225 1922134 652506 0 99412 21053398 19476151 294310 368235 620758 0 81981 19435957 16778487 678561 2676333 485378 0 171852 19476151 15538813 314515 1343660 200000 54787 163714 16778487 13332708 4249053 -1736993 137845 34047 134063 15538813 0.08040 0.80980 0.10980 false false 1144395 1144395 99262098 31328394 67933704 14069892 10305592 3764300 72842399 0 DEPOSITS 327774 REFUNDABLE GOVT LOAN PROGRAMS 3326700 ANNUITY AND TRUST OBLIGATIONS 68727 ASSET RETIREMENT OBLIGATION 368732 4091933 X 39734001 1323353 469707 1793060 37940941 111451 19213781 19325232 57266173 38717008 452719 452719 38264289 111451 19213781 19325232 57589521 COLLECTIONS OF ART SCHEDULE D, PART III, LINE 4 FREDERICK HART'S WASHINGTON NATIONAL CATHEDRAL COLLECTION IS AN IMPRESSIVE ASSEMBLAGE OF SCULPTURES THAT INCLUDES THE BAS-RELIEF "EX NIHILO" AND THE LIFE-SIZE CASTINGS OF THE BIBLICAL FIGURES ADAM, ST. PETER AND ST. PAUL. IN ADDITION TO THESE SCULPTURES FROM THE NATIONAL CATHEDRAL IN WASHINGTON, DC, THE ARTIST IS BEST KNOWN FOR HIS BRONZE SCULPTURES OF THREE SOLDIERS FOR THE NATIONAL VIETNAM WAR MEMORIAL. BENEDICTINE COLLEGE IS THE ONLY COLLEGE TO HAVE THESE FIRST CASTINGS AVAILABLE FOR VIEWING ON A DAILY BASIS. "EX NIHILO" IS ON EXHIBIT INSIDE THE STUDENT UNION AND THE STATUES OF ADAM, ST. PETER AND ST. PAUL ARE LOCATED IN THE HEART OF CAMPUS ALONG THE RAVEN WALK. THE PRESENCE OF THESE PIECES EXPOSES OUR STUDENTS AND OUR CAMPUS VISITORS TO SOME TRULY MAGNIFICENT ARTWORK, AND IS ANOTHER ILLUSTRATION OF OUR COMMITMENT TO A BROAD LIBERAL ARTS EDUCATION. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE PRIMARY PURPOSE OF THE ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS. THE ENDOWMENT FUNDS ARE ALSO USED TO FUND BUSINESS PROGRAMS AND GENERAL OPERATIONS OF THE COLLEGE. LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUES SCHEDULE D, PART XI, LINE 2D CHANGE IN CSV OF LIFE INSURANCE $ (9,005) BOOKSTORE COGS $ 254,644 FUNDRAISING EXPENSES $ 198,075 CHANGE IN PV OF SPLIT LIFE INSURANCE $ 25,993 ----------- $ 469,707 RECONCILIATION OF REVENUES SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $ 19,213,781 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D BOOKSTORE COGS $ 254,644 FUNDRAISING EXPENSES $ 198,075 ----------- $ 452,719 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 19,213,781 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 BENEDICTINE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE CATALOG, WHICH EVERY STUDENT RECEIVES UPON RECEIVING NOTICE OF ACCEPTANCE. GOVERMENT FINANCIAL AID SCHEDULE E, PART I, LINE 6A BENEDICTINE RECEIVES TITLE IV FUNDS FROM THE DEPARTMENT OF EDUCATION. true Europe (Including Iceland and Greenland) 1 1 Program Services Education 534844 Europe (Including Iceland and Greenland) Grantmaking 103265 South Asia Grantmaking 174850 North America Grantmaking 91505 South America Grantmaking 67000 Sub-Saharan Africa Grantmaking 42550 Middle East and North Africa Grantmaking 17610 1 1 1 1 1031624 1031624 STUDENT AID / SCHOLARSHIPS Europe (Including Iceland and Greenland) 6 103265 EFT STUDENT AID / SCHOLARSHIPS South Asia 16 174850 EFT STUDENT AID / SCHOLARSHIPS North America 6 91505 EFT STUDENT AID / SCHOLARSHIPS South America 3 67000 EFT STUDENT AID / SCHOLARSHIPS Sub-Saharan Africa 5 42550 EFT STUDENT AID / SCHOLARSHIPS Middle East and North Africa 1 17610 EFT false false false false false false PROCESS FOR MONITORING THE USE OF GRANTS OUTSIDE THE U.S. SCHEDULE F, PART I, LINE 2 ALL GRANTS ARE INSTITUTIONAL FINANCIAL AID AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. WE ALSO PERFORM SPOT CHECKS THROUGHOUT THE SEMESTER TO DOUBLE CHECK THAT AID ELIGIBILITY CALCULATIONS ARE MET. X X X X X X X true WILSON BENNET FUNDRAISING false 288247 48000 240247 288247 48000 240247 All States SCHOLARSHIPBALL 494116 434493 59623 1808 85525 5014 56023 GOLF TOURNAMENT 64137 43018 21119 8507 3132 60 30918 1 17057 8672 8385 4235 2853 575310 486183 89127 14550 88657 5074 89794 198075 -108948 true STUDENT AID / SCHOLARSHIPS 1693 18717001 PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE INSTITUTIONAL FINANCIAL AID AND APPLIED DIRECTLY TO STUDENY ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. WE ALSO PERFORM SPOT CHECKS THROUGHOUT THE SEMESTER TO DOUBLE CHECK THAT AID ELIGIBILITY CALCULATIONS ARE MET. X X true true X X X X X false false false false false false false false false Stephen D Minnis 241414 0 65000 0 14157 0 12500 0 29900 0 362971 0 0 0 Ronald J Olinger 130694 0 7000 0 1762 0 6768 0 8003 0 154227 0 0 0 Kelly Vowels 108910 0 37000 0 445 0 5801 0 19329 0 171485 0 0 0 HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE & SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A BENEDICTINE COLLEGE PROVIDES HOUSING TO STEPHEN D MINNIS. THE FMV OF THE HOUSING IS NOT INCLUDED IN HIS W-2 BECAUSE IT QUALIFIES AS A NON TAXABLE BENEFIT UNDER CODE SECTION 119. PRESIDENT MINNIS ALSO RECIEVES SOCIAL CLUB DUES THAT ARE TAXABLE AND INCLUDED IN HIS W-2. A ATCHISON COUNTY KANSAS 486025049 04659TBC3 2007-12-27 4824916 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046617AX4 2008-01-23 5232252 SEE PART VI false false false C KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HVB9 2010-05-18 10785000 SEE PART VI false false false D ATCHISON COUNTY KANSAS 486025049 046597BT6 2011-11-16 9990000 SEE PART VI false false false A 340000 0 4860030 166225 137584 0 96000 0 0 4453759 0 0 2008 false false true true B 380000 0 5279477 178446 462085 0 104000 0 0 4528279 0 0 2009 false false true true C 1795000 0 10785000 718200 0 0 210600 0 0 3827385 6747015 0 2013 true false true true D 320000 0 9996058 746888 158834 0 199800 0 0 8756639 0 130785 false false false true A false true false false 0.00000 0.00440 0.00440 false false false true B false true false false 0.00000 0.00500 0.00500 false false false true C false true true true false 0.00000 0.00000 0.00000 false false false true D false true true true false 0.00000 0.00000 0.00000 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #1 Part I, Line A, Column (f) Constructing, improving and equipping educational facilities. DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #1 Part I, Line B, Column (f) Constructing, improving and equipping educational facilities. DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #1 Part I, Line C, Column (f) Constructing, improving and equipping educational facilities; Refund 2003 Bonds issued 3-31-2003. DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #1 Part I, Line D, Column (f) Constructing, improving and equipping educational facilities. DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #2 Part I, Line A, Column (f) Refund a portion of the 2004 Bonds issued 12-28-2004. DESCRIPTION OF PURPOSE - TAX-EXEMPT BONDS #2 Part I, Line B, Column (f) Refund a portion of the 2004 Bonds issued 12-28-2004. TOTAL PROCEEDS OF ISSUE - TAX-EXEMPT BONDS #1 Part II, Line 3, Column A Amount is not equal to the issue price due to investment earnings earned during the project period. TOTAL PROCEEDS OF ISSUE - TAX-EXEMPT BONDS #1 Part II, Line 3, Column B Amount is not equal to the issue price due to investment earnings earned during the project period. TOTAL PROCEEDS OF ISSUE - TAX-EXEMPT BONDS #1 Part II, Line 3, Column D Amount is not equal to the issue price due to investment earnings earned during the project period. GROSS PROCEEDS IN RESERVE FUND - TAX-EXEMPT BOND #2 Part II, Line 4, Column A No reserve fund was established for the 2012 bonds. This amount represents the portion of the 2004 reserve fund that was allocable to the 2012 bonds as transferred proceeds as of the fiscal year end. GROSS PROCEEDS IN RESERVE FUND - TAX-EXEMPT BOND #2 Part II, Line 4, Column B No reserve fund was established for the 2013 bonds. This amount represents the portion of the 2004 reserve fund that was allocable to the 2013 bonds as transferred proceeds as of the fiscal year end. OTHER SPENT PROCEEDS - TAX-EXEMPT BONDS #1 Part II, Line 11, Column C This amount was used to refund the 2003 bonds. OTHER SPENT PROCEEDS - TAX-EXEMPT BONDS #2 Part II, Line 11, Column A This amount was used to refund a portion of the 2004 bonds. OTHER SPENT PROCEEDS - TAX-EXEMPT BONDS #2 Part II, Line 11, Column B This amount was used to refund all outstanding 2004 bonds. OTHER UNSPENT PROCEEDS - TAX-EXEMPT BONDS #1 Part II, Line 12, Column D Amounts held in the project fund as of the fiscal year end. OTHER UNSPENT PROCEEDS - TAX-EXEMPT BONDS #2 Part II, Line 12, Column B Amounts held in the costs of issuance account as of the fiscal year end. In accordance with the 2013 bond documents, this amount will be transferred to the debt service fund and used to pay interest on the bonds prior to the next fiscal year end. YEAR OF SUBSTANTIAL COMPLETION - TAX-EXEMPT BONDS #1 Part II, Line 13, Column D Not all projects were completed as of the fiscal year end. FINAL ALLOCATION - TAX-EXEMPT BONDS #1 Part II, Line 16, Column D Not all projects were completed as of the fiscal year end. FINANCED PROPERTY USED IN PRIVATE BUSINESS - TAX-EXEMPT BONDS #1 Part III, Line 5, Column A This represents the maximum amount of private use that may result from unrelated trade or business activity. FINANCED PROPERTY USED IN PRIVATE BUSINESS - TAX-EXEMPT BONDS #1 Part III, Line 5, Column B This represents the maximum amount of private use that may result from unrelated trade or business activity. REBATE COMPUTATION - TAX-EXEMPT BONDS #1 Part IV, Line 2d, Column A First rebate installment computation completed as of December 1, 2012. REBATE COMPUTATION - TAX-EXEMPT BONDS #1 Part IV, Line 2d, Column B First rebate installment computation completed as of October 1, 2012. A ATCHISON COUNTY KANSAS 486025049 2012-04-26 1805000 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046617BN5 2013-03-27 4905000 SEE PART VI false false false A 135000 0 1805000 347 0 0 34625 0 0 0 1770375 0 2006 true false true true B 0 0 4905000 978 0 0 90065 0 0 0 4809799 5136 2006 true false true true A false true false false 0.00000 0.00000 0.00000 false false false true B false true false false 0.00000 0.00000 0.00000 false false false true A false true false false true false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true 16000 SCHOLARSHIP ATHLETIC SCHOLARSHIP X 11 61778 FMV X 1 19947 FMV X 1 90000 APPRAISAL 1 false true true NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN B THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS DURING THE YEAR. NONCASH CONTRIBUTIONS SCHEDULE M, PART I, QUESTION 32B A THIRD PARTY REAL ESTATE BROKER WAS USED TO SOLICIT, PROCESS AND SELL THE LAND RECEIVED AS A CONTRIBUTION. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE. OUR MISSION IS TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. BUILDING A GREAT CATHOLIC COLLEGE REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL, SPIRITUAL GREATNESS. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE WITH A MISSION TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. WE HAVE A VISION TO BUILD ONE OF THE GREAT CATHOLIC COLLEGES IN AMERICA, AND ATTAINING THAT VISION REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL AND SPIRITUAL GREATNESS. BENEDICTINE COLLEGE IS LOCATED IN ATCHISON, KANSAS, ON A 120-ACRE CAMPUS OVERLOOKING THE MISSOURI RIVER, ABOUT 50 MILES NORTH OF KANSAS CITY, MISSOURI. THERE IS A GRADUATE PROGRAMS SATELLITE CAMPUS IN ROELAND PARK, KANSAS, AND A PARTNERSHIP WITH THE KANSAS CITY POLICE DEPARTMENT TO TEACH GRADUATE COURSES AT THE REGIONAL POLICE ACADEMY. THE COLLEGE ALSO HAS AN INTERNATIONAL CAMPUS IN FLORENCE, ITALY. FOR THE CURRENT ACADEMIC YEAR (2013-14), BENEDICTINE COLLEGE IS BLESSED TO HAVE THE LARGEST FULL-TIME UNDERGRADUATE STUDENT BODY IN ITS HISTORY WITH MORE THAN 1,750 STUDENTS, NEARLY TRIPLING BENEDICTINE COLLEGE'S ENROLLMENT FROM 20 YEARS AGO. THE FRESHMAN CLASS ENTERING IN 2013 HAD THE HIGHEST AVERAGE ACT SCORE AND HIGHEST AVERAGE GPA IN SCHOOL HISTORY. THE AVERAGE GPA WAS THE HIGHEST OF ANY FRESHMAN CLASS AT ANY COLLEGE OR UNIVERSITY IN KANSAS. IT IS OBVIOUS THAT BENEDICTINE COLLEGE IS ATTRACTING BOTH MORE STUDENTS AS WELL AS THE BEST AND THE BRIGHTEST. NEARLY 80% OF UNDERGRADUATE STUDENTS LIVE ON CAMPUS IN ACCORDANCE WITH THE COLLEGE'S STRONG RESIDENTIAL TRADITION. TO KEEP UP WITH ITS GROWTH, BENEDICTINE COLLEGE HAS OPENED NINE NEW RESIDENCE HALLS SINCE THE YEAR 2000. THIS YEAR, THE COLLEGE BEGAN CONSTRUCTION OF TWO MORE HALLS, ONE AN EXTENSION OF THE LEGACY APARTMENTS AND A NEW WOMEN'S HALL IN THE CENTER OF CAMPUS. IN ADDITION, A CAFETERIA RENOVATION AND EXPANSION IS SCHEDULED FOR COMPLETION IN THE FALL OF 2014. NATIONAL SURVEYS PLACE BENEDICTINE'S STUDENT LIFE PROGRAM HIGHEST IN OVERALL RESIDENT SATISFACTION AND BENEDICTINE COLLEGE'S RETENTION RATE IS CONSISTENTLY ABOVE 90%. IN MARCH OF 2012, THE COLLEGE OPENED THE NEW 57,000-SQUARE-FOOT FERRELL ACADEMIC CENTER. THIS LEED-CERTIFIED FACILITY PROVIDES SPACE FOR CLASSES, FACULTY AND PROGRAMS, ALLOWING BENEDICTINE TO CONTINUE GROWING. THE COLLEGE ALSO OPENED THE MCCARTHY GALLERY OF ART IN HONOR OF LONG-TIME ART PROFESSOR, DENNIS MCCARTHY. OUR ATHLETES HAVE EXCELLED ON THE FIELD AS WELL AS OFF, WITH 11 VARSITY SPORTS TEAMS RECEIVING NAIA SCHOLAR TEAM RECOGNITION AND BENEDICTINE COLLEGE BEING NAMED A "CHAMPIONS OF CHARACTER FIVE STAR INSTITUTIONS" BY THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS. SEVENTEEN ATHLETES WERE NAMED NAIA DAKTRONICS SCHOLAR ATHLETES. IN THE AREA OF ACADEMIC EXCELLENCE, BENEDICTINE IS NOW ONE OF THE FEW CATHOLIC COLLEGES IN THE NATION OFFERING ABET-ACCREDITED PROGRAMS IN CHEMICAL, CIVIL, ELECTRICAL, AND MECHANICAL ENGINEERING. ALSO, SEVERAL NEW MAJORS HAVE BEEN ADDED IN RECENT YEARS, INCLUDING ART, CRIMINOLOGY, ENGINEERING PHYSICS, FINANCE, INTERNATIONAL BUSINESS, INTERNATIONAL STUDIES, AND NURSING. THE COLLEGE HAS NOW GRADUATED THE FIRST TWO CLASSES OF BENEDICTINE ENGINEERS AND NURSES. ALL THE NURSES PASSED THEIR EXAMS AND HAVE JOBS IN THE MEDICAL FIELD. THIS YEAR, 25 OF OUR PROFESSORS WERE RANKED IN THE TOP 10% OF THE NATIONAL IDEA FACULTY EVALUATIONS. FOR THE SEVENTH YEAR, BENEDICTINE COLLEGE WAS NAMED ONE OF AMERICA'S BEST COLLEGES BY "U.S. NEWS & WORLD REPORT," APPEARING AS A TOP-TIER SCHOOL IN THE MIDWEST - MASTERS CATEGORY. IN ADDITION, THE CARDINAL NEWMAN SOCIETY NAMED BENEDICTINE COLLEGE ONE OF THE TOP CATHOLIC COLLEGES IN THE UNITED STATES IN ITS PUBLICATION, "THE NEWMAN GUIDE TO CHOOSING A CATHOLIC COLLEGE." AFTER AN EXTENSIVE NATIONAL STUDY, "FIRST THINGS" MAGAZINE ALSO NAMED BENEDICTINE COLLEGE TO ITS TOP 20. THE SCHOOL IS RANKED NUMBER 18 IN THE NATION BY THEIR RESEARCH, WHICH INCLUDED MORE THAN 2,000 COLLEGES AND UNIVERSITIES, FROM AMERICAN UNIVERSITY TO YALE. THE STUDY ALSO RANKED BENEDICTINE COLLEGE AMONG THE TOP 5 CATHOLIC COLLEGES IN THE COUNTRY. THE COLLEGE ALSO LAUNCHED AN HONORS PROGRAM, A GREGORIAN FELLOWS PROGRAM, AND THE GREGORIAN SPEECH DIGEST. LAST YEAR, A NEW INSTITUTE FOR MISSIONARY ACTIVITY WAS DEVELOPED AND THIS YEAR A NEW MAJOR IN EVANGELISM & CATECHESIS BEGAN. THE MINISTRY PROGRAM IS NATIONALLY RECOGNIZED, THE STUDENT LIFE PROGRAM HAS BECOME A MODEL FOR OTHER COLLEGES AND UNIVERSITIES, AND ATHLETIC PROGRAMS, INCLUDING THE ADDITION OF A NEW WRESTLING PROGRAM, ARE HIGH ACHIEVING IN EVERY ASPECT. BENEDICTINE COLLEGE IS CONSISTENTLY GAINING IN IMAGE AND AWARENESS. IT HAS AVERAGED 6% GROWTH IN ENROLLMENT EACH YEAR FOR THE PAST 14 YEARS. THE CAMPUS HAS BEEN TRANSFORMED, WITH NEW RESIDENCE FACILITIES AND A FABULOUS NEW SIGNATURE ACADEMIC BUILDING. IN ADDITION, A SPECIALLY-COMMISSIONED STATUE OF ST. BENEDICT NOW WELCOMES VISITORS TO CAMPUS OUTSIDE THE HAVERTY CENTER AND A NEW STATUE OF "OUR LADY OF GRACE" IS PART OF A 20-FOOT-TALL FOUNTAIN IN THE CENTER OF THE ACADEMIC QUAD. THE FOUNTAIN WAS BLESSED ON SEPTEMBER 8 WHEN THE COLLEGE WAS CONSECRATED TO THE VIRGIN MARY BY ABBOT JAMES ALBERS, OSB. THE BENEDICTINE MONKS AND SISTERS WHO BRAVED THE AMERICAN FRONTIER OF THE MIDDLE 1800S WOULD BE PROUD TO SEE THE INSTITUTION THAT STILL REPRESENTS THEIR VISION OF COMMUNITY, FAITH AND SCHOLARSHIP IN SUCH AN OUSTANDING WAY. BUSINESS/FAMILY RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 LENE WESTERMAN AND PAUL WESTERMAN HAVE A FAMILY RELATIONSHIP. STEPHEN MCBRIDE AND SUSAN ZUBRADT HAVE A BUSINESS RELATIONSHIP. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE 990 IS THEN PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD AND THE FULL BOARD FOR REVIEW PRIOR TO FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE OR ELECTION (IN THE CASE OF DIRECTORS) AND ANNUALLY THEREAFTER, THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES SHALL PROVIDE THE APPLICABLE CONFLICT OF INTEREST DISCLOSURES WHICH SHALL BE COMPLETED TO IDENTIFY ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH IT IS BELIEVED A CONFLICT MAY ARISE. IF A CONFLICT ARISES, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE ABSTAINS FROM THE VOTE OF THE CONFLICTED POSITION. AN APPROPRIATE REPORT SHALL BE SUBMITTED TO THE EXECUTIVE BOARD CONCERNING ANY INTEREST DISCLOSED. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & B LINE 15A - THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGAN WITH THE BOARD REQUIRING A 5 YEAR REVIEW OF THE PRESIDENT'S SALARY AND A REVIEW FOR THE SAME PERIOD AT COLLEGES OF LIKE SIZES. ADDITIONALLY, THE BOARD REQUIRED A COMPREHENSIVE REVIEW OF HIS SALARY TO INCLUDE NON-TANGIBLE BENEFITS. THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGINS WITH AN INITIATIVE LEAD BY THE CHAIRMAN OF THE GOVERNING BOARD. THE CHAIRMAN COMPARES COMPENSATION AND SALARY DATA WITH OTHER ORGANIZATIONS OF A SIMILAR SIZE AND INDUSTRY. THE CHAIRMAN REVIEWS THE DATA AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS IN A CLOSED EXECUTIVE COMMITTEE MEETING WHERE THE COMPENSATION IS THEN VOTED UPON. LINE 15B - THE PRESIDENT CONDUCTS AN ANNUAL REVIEW OF OTHER OFFICER AND KEY EMPLOYEE'S COMPENSATION BASED ON COMPARABLE SALARY DATA OF OTHER ORGANIZATIONS OF SIMILAR SIZE AND INDUSTRY. This past year we conducted a salary analysis of all positions vetted against national data and adjusted regionally. We made adjustments to salaries as appropriate and we will continue to do this on an ongoing basis. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. HIGHLY COMPENSATED EMPLOYEES FORM 990, PART VII, LINE 35 Darrin Muggli appears on the 990 for FY 12-13 as a highly compensated employee due to external grant funding that pays him for the work he does on the grants along with his base salary from Benedictine. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 INCREASE IN CSV OF LIFE INSURANCE $ 25,993 CHANGE IN PV OF SPLIT DOLLAR (9,005) -------------- $ 16,988