2014-03-05T15:19:17-06:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-07-01 410693856 DUNWOODY COLLEGE OF TECHNOLOGY DUNW 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER 6123745800 2014-02-27 1 XIAOYAN LUO P01305207 6123764500 2012 2015-11-30 17:44:51Z RICHARD WAGNER 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 38004989 0 X WWW.DUNWOODY.EDU X 1914 MN PROVIDE TECHNICAL TRAINING IN INDUSTRIAL FIELDS IN DAY AND EVENING CLASSES IN MINNEAPOLIS, MN. 27 26 322 757 0 0 2763383 2499948 17923054 18255503 -1270480 1822225 0 0 19415957 22577676 1376379 943650 0 0 14355355 14437512 0 0 898280 7764198 8281387 23495932 23662549 -4079975 -1084873 39894152 39151414 18464690 17688768 21429462 21462646 X DUNWOODY COLLEGE OF TECHNOLOGY'S MISSION IS: "AS A PRIVATE NON-PROFIT TECHNICAL COLLEGE: DUNWOODY CHANGES LIVES BY BUILDING OPPORTUNITIES FOR GRADUATES TO HAVE SUCCESSFUL CAREERS, TO DEVELOP INTO LEADERS AND ENTREPRENEURS, AND TO ENGAGE IN "THE BETTER PERFORMANCE OF LIFE'S DUTIES." QUOTE IS FROM THE LAST WILL AND TESTAMENT OF WILLIAM HOOD DUNWOODY. DUNWOODY WAS ENDOWED BY WILLIAM HOOD AND KATE DUNWOODY IN 1914 AS A TECHNICAL EDUCATION INSTITUTION DEDICATED TO TRAINING YOUNG PEOPLE IN A TRADE OR OCCUPATION WHICH WOULD PROVIDE A CAREER PATH AND SOURCE OF INCOME. TO THIS DAY DUNWOODY IS DEDICATED TO HANDS ON, APPLIED TECHNICAL EDUCATION. BEYOND THAT THOUGH, DUNWOODY IS FOCUSED ON DEVELOPING GRADUATES WHO ARE "WORTH MORE." THE CONCEPT OF "WORTH MORE" MEANS THAT GRADUATES EXCEL IN THEIR CHOSEN PROFESSION AS WELL AS FUNCTION AS LEADERS IN THEIR PROFESSION AND IN THEIR COMMUNITY. 0 0 16559169 943650 18255503 FOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS A PRIVATE, NON-PROFIT, ENDOWED INSTITUTION OF HIGHER EDUCATION. IT IS THE OLDEST INSTITUTION OF ITS KIND IN THE UPPER MIDWEST, WITH AN INTERNATIONAL REPUTATION FOR OUTSTANDING EDUCATIONAL PROGRAMS. THE PROMINENT MINNEAPOLIS BUSINESSMAN, WILLIAM HOOD DUNWOODY, LEFT NEARLY THREE MILLION DOLLARS IN HIS WILL TO ESTABLISH DUNWOODY COLLEGE OF TECHNOLOGY. HIS PURPOSE WAS TO "PROVIDE FOR ALL TIME A PLACE WHERE YOUTH WITHOUT DISTINCTION, ON ACCOUNT OF RACE, COLOR, OR RELIGIOUS PREJUDICE, MAY LEARN THE USEFUL TRADES AND CRAFTS, THEREBY FIT THEMSELVES FOR THE BETTER PERFORMANCE OF LIFE'S DUTIES." DUNWOODY WAS NATIONALLY RECOGNIZED IN 1991 AS ONE OF TEN "INSTITUTIONS OF EXCELLENCE" BY THE NATIONAL CENTER OF RESEARCH IN VOCATIONAL EDUCATION IN BERKELEY, CALIFORNIA. DUNWOODY IS ACCREDITED THROUGH THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF SCHOOLS & COLLEGES WHICH PROVIDES PUBLIC ASSURANCE OF EDUCATIONAL QUALITY AND INSTITUTIONAL INTEGRITY. DUNWOODY'S SUCCESS CAN BE SEEN IN ITS OUTSTANDING ALUMNI, THE CONSISTENTLY HIGH RATE OF PLACEMENT OF ITS GRADUATES, ENROLLMENT OF MORE THAN A QUARTER MILLION STUDENTS IN ITS NEARLY 100 YEARS OF OPERATION AND THE EXTENSIVE NUMBER OF SPECIAL TRAINING PROGRAMS IT PROVIDES FOR INDUSTRY AND LABOR. DUNWOODY IS A TECHNICAL COLLEGE TEACHING MEN AND WOMEN THROUGH HANDS-ON LEARNING. DUNWOODY OFFERS AN INTENSE, STRUCTURED APPROACH TO EDUCATION THAT FACILITATES INDIVIDUAL LEARNING AND DEVELOPMENT. PROGRAMS ARE JOB-ORIENTED AND THE LEARNING ENVIRONMENT FOSTERS THE QUALITIES EMPLOYERS SEEK: PRODUCTIVITY, SELF-DISCIPLINE, CONFIDENCE, TEAMWORK, A POSITIVE ATTITUDE TOWARD PRODUCTIVITY, AND AN APPRECIATION FOR A JOB WELL DONE. THE INTEGRATION OF THE ARTS AND SCIENCES IS A KEY COMPONENT OF EACH PROGRAM. DUNWOODY IS COMMITTED TO EXCELLENCE IN EDUCATION AND BELIEVES SKILL AND TECHNICAL COMPETENCE MUST BE BALANCED WITH A BROAD ACADEMIC EDUCATION TO ENHANCE EACH GRADUATE'S SUCCESS AND FACILITATE LIFE-LONG LEARNING. LIFE-LONG LEARNING SKILLS THAT GO BEYOND THE TECHNICAL ASPECTS OF AN OCCUPATION ARE LEARNED IN COURSE WORK THAT IMPARTS THE KNOWLEDGE, CONCEPTS, AND ATTITUDES NEEDED TO LIVE IN A DIVERSE SOCIETY. DUNWOODY HAS A CLOSE RELATIONSHIP WITH INDUSTRY AND HAS DEVELOPED PROGRAM ADVISORY COMMITTEES (PACS) FOR EACH PROGRAM. THE PROGRAM PAC APPROVES OBJECTIVES FOR EACH PROGRAM TO ENSURE THAT THE PROGRAM IS PROVIDING WHAT INDUSTRY WANTS AND NEEDS IN THEIR FUTURE EMPLOYEES SO THAT GRADUATE EMPLOYMENT IN ASSURED AND PROGRAMS STAY CURRENT AND RELEVANT. THE VISION OF DUNWOODY COLLEGE OF TECHNOLOGY IS "EMERGING AS MINNESOTA'S ONLY POLYTECHNIC COLLEGE: DUNWOODY IS THE FIRST CHOICE IN TECHNICAL EDUCATION - FIRST CHOICE FOR STUDENT, FIRST CHOICE FOR EMPLOYERS, AND A GREAT PLACE TO WORK." CONSISTENT WITH THIS VISION, DUNWOODY NOW OFFERS FOUR BACCALAUREATE DEGREES WHICH INCLUDE THREE BACCALAUREATE PROGRESSION DEGREES. THESE 2+2 DEGREE OPTIONS ENABLE ASSOCIATE OF APPLIED SCIENCE DEGREE GRADUATES THE OPPORTUNITY TO ADVANCE THEIR EDUCATION TO THE BACCALAUREATE OF SCIENCE DEGREE LEVEL. BACHELOR OF SCIENCE PROGRAMS INCLUDE APPLIED MANAGEMENT, INTERIOR DESIGN, INDUSTRIAL ENGINEERING TECHNOLOGY, AND CONSTRUCTION LEADERSHIP & MANAGEMENT. INSTRUCTION AT DUNWOODY IS STRUCTURED ON AN 18 WEEK SEMESTER. AN ACADEMIC YEAR INCLUDES TWO 18 WEEK SEMESTERS WITH A NINE WEEK SUMMER SESSION. PROGRAMS OF INSTRUCTION MAY LEAD TO A CERTIFICATE, ASSOCIATE OF APPLIED SCIENCE (A.A.S.) DEGREE, OR A BACHELOR OF SCIENCE (B.S.) DEGREE. IT IS DUNWOODY'S GOAL THAT GRADUATING STUDENTS WILL BECOME RESPONSIBLE, CONTRIBUTING CITIZENS, AS WELL AS ABLE TECHNICIANS AND LEADERS IN THEIR PROFESSIONS. THE COLLEGE CURRENTLY OFFERS LEARNING OPPORTUNITIES IN THE FOLLOWING AREAS:AUTOMATED SYSTEMS AND ROBOTICSARCHITECTURAL DRAFTING AND ESTIMATINGAUTOMOTIVE COLLISION REPAIR AND REFINISHINGAUTOMOTIVE COLLISION APPRENTICESHIPAUTOMOTIVE COLLISIONAUTOMOTIVE SERVICE TECHNOLOGYAUTOMOTIVE SERVICECOMPUTER NETWORKING SYSTEMSCONSTRUCTION PROJECT SUPERVISIONELECTRICAL CONSTRUCTION DESIGNELECTRICAL CONSTRUCTION AND MAINTENANCEELECTRONICS TECHNOLOGYENGINEERING, DRAFTING, AND DESIGNGRAPHICS AND PRINTING TECHNOLOGIESHEATING AND COOLING SYSTEMSHVAC DESIGNHVAC SYSTEMS SERVICINGINFORMATION TECHNOLOGYINTERIOR DESIGNMACHINING TECHNOLOGYWELDINGTHROUGH THESE OFFERINGS, IN CONJUNCTION WITH THE EFFORT AND ENTHUSIASM OF THE COLLEGE STAFF AND FACULTY, DUNWOODY ACHIEVES ITS MISSION AND WORKS TOWARD ACCOMPLISHING ITS VISION. 16559169 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 45 0 322 1 0 0 0 0 0 0 0 0 0 1 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MN X X CAMI KARNOWSKI 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PHD 40.00 X X 165785 0 19926 THEODORE A FERRARA 1.00 X X 0 0 0 KAY PHILLIPS 1.00 X X 0 0 0 JAMES R FOX 1.00 X X 0 0 0 CHARLIE WESTLING 1.00 X X 0 0 0 RUSSEL BECKER 1.00 X 0 0 0 RICK D CLEVETTE 1.00 X 0 0 0 RICHARD A COPELAND 1.00 X 0 0 0 DAVID P CROSBY 1.00 X 0 0 0 JOEL A ELFTMANN 1.00 X 0 0 0 BRUCE W ENGELSMA 1.00 X 0 0 0 MARK G FLEISCHHACKER 1.00 X 0 0 0 MICHAEL HANSON 1.00 X 0 0 0 RICHARD J JUELICH 1.00 X 0 0 0 MICHAEL L LE JEUNE 1.00 X 0 0 0 CORNELL LEVERETTE MOORE 1.00 X 0 0 0 ANDREA L NEWMAN 1.00 X 0 0 0 GARY N PETERSEN 1.00 X 0 0 0 C MARTIN SCHUSTER 1.00 X 0 0 0 TALLA SKOGMO 1.00 X 0 0 0 TREASA SPRINGETT 1.00 X 0 0 0 MARC STEADMAN 1.00 X 0 0 0 ROBERT W STROM 1.00 X 0 0 0 DR BERNHARD VANLENGERICH 1.00 X 0 0 0 MAURICE J WAGENER 1.00 X 0 0 0 ANTHONY WILLIAMSON 1.00 X 0 0 0 HEIDI M WILSON 1.00 X 0 0 0 JOHN K WOODWORTH 1.00 X 0 0 0 NANCY FUCHS 40.00 X 150173 0 1250 MARK SKIPPER 40.00 X 137035 0 2744 COLLETTE GARRITY 40.00 X 126591 0 6234 PATRICIA ANN EDMAN 40.00 X 103045 0 14925 JEFFREY M YLINEN 40.00 X 103756 0 17738 786385 0 62817 6 0 1 0 HEWLETT PACKARD FINANCIAL SERVICES PO BOX 402582 ATLANTA GA 30384 LAPTOP LEASES 1009875 LEVEL TOTAL 724 N FIRST STREET MINNEAPOLIS MN 55401 MARKETING/ADVERTISING 404262 MG TRUST COMPANY PO BOX 46546 DENVER CO 80201 PENSION/403B 287538 CITY WIDE MAINTENANCE 11979 COUNTY RD 11 BURNSVILLE MN 55337 JANITOR SERVICES 203543 INTERSTATE SECURITY 10901 RED CIRCLE DRIVE MINNETONKA MN 55343 SECURITY SERVICES 155265 8 2499948 490348 2499948 TUITION & RELATED INCOME 611600 17748366 17748366 OTHER REVENUES 900099 507137 507137 18255503 569190 569190 16680348 15378278 49035 1302070 -49035 1253035 1253035 22577676 18255503 0 1822225 943650 943650 390402 390402 10327151 8822546 1154069 350536 1112851 1112851 1827400 1178821 585515 63064 779708 647529 105476 26703 48117 1624 44313 2180 100089 27284 72805 173553 173553 894250 168157 539431 186662 528507 477185 10107 41215 1020046 698997 289873 31176 482580 31699 442367 8514 1122873 1050933 68458 3482 191700 156711 25003 9986 70895 50251 17366 3278 341036 341036 1416992 1175241 211532 30219 EQUIPMT RENTAL/MAINTENA 1064150 1064150 BAD DEBT EXPENSE 707473 12738 592833 101902 MEALS 86518 46511 1269 38738 EMPLOYEE TRAINING 32608 5142 26841 625 23662549 16559169 6205100 898280 686991 362733 463021 360479 748199 507886 1203842 686882 92405 115732 49095031 35322437 14484137 13772594 12217640 12987078 9997917 10358030 39894152 39151414 1580082 1490003 1825391 1500178 6684277 6415389 8374940 8283198 18464690 17688768 X -1831695 -1711919 9618067 9624800 13643090 13549765 21429462 21462646 39894152 39151414 X -1084873 794040 324017 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19418934 30405 671353 172916 19947776 21643449 261396 272231 2758142 19418934 20915900 807198 1125769 1205418 21643449 20772644 303907 1027755 1188406 20915900 23772077 113904 -2394483 718854 20772644 0.00000 0.67930 0.32070 0 0 828504 828504 27572911 19710760 7862151 20434716 15611677 4823039 258900 258900 13772594 SPLIT-INTEREST AGREEMENTS 10358030 F 10358030 ANNUITY OBLIGATIONS 173879 ACCRUED PENSION COST 4291762 ENVIRONMENTAL REMEDIATION 222557 LINE OF CREDIT 3595000 8283198 X 21944973 794040 1275138 49035 2118213 19826760 173553 2577363 2750916 22577676 23869519 1275138 49035 1324173 22545346 173553 943650 1117203 23662549 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND TO FUND COLLEGE OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. THEREFORE, ALL CONTRIBUTIONS ARE TAX DEDUCTIBLE. THE COLLEGE FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE COLLEGE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 49,035. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME GREATER THAN SPENDING RATE 1,045,316. SCHOLARSHIPS 943,650. TRUST DISTRIBUTIONS 588,397. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 49,035. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 943,650. 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 WRITTEN MATERIALS RELATED TO THE COLLEGE'S POLICIES ARE GIVEN TO STUDENTS AT ORIENTATION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES PELL, SEOG, FEDERAL WORK STUDY, AND VARIOUS GOVERNMENT-BACKED LOANS AND RELATED STATE FUNDS. 1 SCHOLARSHIPS 374 943650 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ENDOWED AND ANNUAL SCHOLARSHIPS ARE AWARDED BASED ON CERTAIN CRITERIA SET BY THE INSTITUTION (DUNWOODY) AND DONORS. STUDENTS APPLY FOR SCHOLARSHIPS STARTING SPRING QUARTER OF THE PREVIOUS SCHOOL YEAR. APPLICATIONS ARE COMPILED AND REVIEWED BY A SCHOLARSHIP COMMITTEE. THE SCHOLARSHIP COMMITTEE CHOOSES THE STUDENT OR STUDENTS WHO ARE MOST DESERVING OF THE AWARD BASED ON THE CRITERIA AND FINANCIAL NEED. STUDENTS ARE NOTIFIED BY THE FINANCIAL AID OFFICE OF THE ACCEPTANCE TO THE AWARDS WHICH THEN BECOME PART OF THEIR FINANCIAL AID PACKAGE. SCHOLARSHIPS ARE DISBURSED TO THE STUDENTS ACCOUNT AS A CREDIT ON A QUARTERLY BASIS WHICH REDUCES THEIR TUITION. STUDENTS ARE REQUIRED TO WRITE A THANK YOU NOTE TO THE DONORS OF THE SCHOLARSHIP SHOWING THEIR APPRECIATION. IF A THANK YOU NOTE ISN'T WRITTEN, THE STUDENT DOESN'T RECEIVE THE SCHOLARSHIP. SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE. IF A STUDENT WITHDRAWS FROM SCHOOL, THE SCHOLARSHIP IS REVOKED. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 RICHARD WAGNER PHD 158309 0 0 0 7476 0 19606 0 320 0 185711 0 0 0 NANCY FUCHS 150014 0 0 0 159 0 0 0 1250 0 151423 0 0 0 PART I, LINE 1A HEALTH CLUB DUES - RICHARD WAGNER - THE PERSONAL USE PORTION WAS INCLUDED IN TAXABLE INCOME; THE PORTION USED FOR BUSINESS EXPENSE WAS CONSIDERED NON-TAXABLE TRAVEL FOR COMPANIONS - RICHARD WAGNER - NOT INCLUDED IN TAXABLE INCOME PART I, LINE 4A NANCY FUCHS - SEVERANCE PAYMENT OF $85,775 IN MARCH 2013. X 11 305660 BLUE BOOK X 8 55956 STOCK MARKET QUOTES X TOOLS & EQUIP 8 128732 SALES PRICE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE CORPORATION CONSISTING OF NO FEWER THAN FIVE (5) MEMBERS, INCLUDING THE CHAIR OF THE BOARD, PRESIDENT, AND SUCH OTHER PERSONS ELECTED BY THE BOARD OF TRUSTEES BY RESOLUTION. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE TRUSTEES. THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF TRUSTEES MAY IMPOSE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 BEFORE IT WAS FILED, THE FORM 990 WAS REVIEWED BY THE PRESIDENT OF THE COLLEGE, THE FINANCE COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, TRUSTEES AND COMMITTEE MEMBERS. IF AN INDIVIDUAL HAS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THEY ARE REQUIRED TO DISCLOSE THE MATERIAL FACTS TO THE BOARD OR COMMITTEE BEFORE THE TRANSACTION IN QUESTION IS CONSIDERED. AFTER PRESENTING THE MATERIAL FACTS, THE INTERESTED PERSON IS REQUIRED TO LEAVE THE ROOM FOR THE DISCUSSION AND VOTE ON THE MATTER. TO INVESTIGATE ALTERNATIVES, THE BOARD OR COMMITTEE MAY REQUEST COMPARABILITY DATA AND/OR APPOINT A DISINTERESTED PERSON. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY ATTAINABLE, THE DISINTERESTED BOARD OR COMMITTEE MEMBERS DETERMINE, BY MAJORITY VOTE, WHETHER TO ENTER INTO THE TRANSACTION. ALL RELEVANT INFORMATION IS RECORDED IN THE MINUTES OF THE MEETING. EACH OFFICER, TRUSTEE AND COMMITTEE IS REQUIRED TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE CHAIR OF THE BOARD AND THE EXECUTIVE COMMITTEE USES SALARY BENCHMARKING DATA TO RECOMMEND THE PRESIDENT'S COMPENSATION. THIS PROCESS WAS LAST UNDERTAKEN IN 2013 FOR THE PRESIDENT, R. WAGNER. WHEN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, THE H.R. DIRECTOR PROVIDES SALARY BENCHMARKING DATA TO THE PRESIDENT WHO DETERMINES THEIR COMPENSATION. SALARY INCREASE GUIDELINES ARE PROVIDED BY THE ACCOUNTING DEPARTMENT BASED ON BUDGET CONSTRAINTS. THIS PROCESS WAS LAST UNDERTAKEN IN 2011 FOR THE CFO, NANCY FUCHS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT OPEN TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY INCLUDING OTHER COMPREHENSIVE INCOME 912,414. TRUST DISTRIBUTIONS -588,397. CHARITABLE REMAINDER TRUST (1) 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 INVESTMENT MN N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0