2014-01-29T11:36:44-07:00 2013-06-30 990 2012-07-01 741109641 ST EDWARDS UNIVERSITY STED 5124488400 3001 S Congress Avenue Austin TX 787046489 Rhonda Cartwright 5124488400 2014-01-29 2012 2015-11-30 17:44:51Z Dr George Martin 3001 South Congress Ave Austin TX 78704 172311737 0 X http://www.stedwards.edu X 1969 TX To provide a culturally diverse student body with an education that achieves a balance among the humanities, the sciences and the professions. We prepare graduates through training in critical and creative thinking as well as moral reasoning, to analyze problems, propose solutions and make responsible decisions. 33 33 2320 0 0 0 20366920 25651422 138116081 144194652 2133164 2332791 117244 132872 160733409 172311737 38360751 40798177 0 0 60996761 65845288 0 0 2521875 38408854 39525142 137766366 146168607 22967043 26143130 279309491 310346436 115558594 114352313 163750897 195994123 To provide a culturally diverse student body with an education that achieves a balance among the humanities, the sciences and the professions. To make graduates competent in a chosen discipline and to help them understand and appreciate the contributions of other disciplines. To promote excellence in teaching and learning in an environment that encompasses the campus classroom, student life programs and the broader community. To prepare graduates through training in critical and creative thinking as well as moral reasoning, to analyze problems, propose solutions and make responsible decisions. 0 0 133894058 40798177 144269005 Higher Education: The purpose of the organization's program services is to educate students by providing instruction; support to academic programs through such services as counseling, library facilities, athletics, campus activities for students, etc. and by providing students with residence halls, dining and bookstore services in support of the educational mission. The university served 5095 students in this reporting period. 0 0 0 133894058 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 249 0 1 2320 1 0 1 FR 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X St Edwards University Att Rhonda Cartwright Vice President for Financial Affairs 5124488400 3001 S Congress Ave Austin TX 787046489 X John Mooney 1 0 X 0 0 0 Sister Amata Miller 1 0 X 0 0 0 Marilyn L ONeill 1 0 X 0 0 0 Duncan Knapp Underwood 1 0 X 0 0 0 Kevin OConnor 1 0 X 0 0 0 Kevin J Koch 1 0 X 0 0 0 Theodore R Popp 1 0 X 0 0 0 J William Sharman Jr 1 0 X 0 0 0 F Gary Valdez 1 0 X 0 0 0 Brother Richard Daly 1 0 X 0 0 0 Timothy F Gavin 1 0 X 0 0 0 John H Bauer 1 0 X 0 0 0 Jim A Smith 1 0 X 0 0 0 Peter Winstead 1 0 X 0 0 0 Carolyn Lewis Gallagher 1 0 X 0 0 0 Patricia Berrier Munday 1 0 X 0 0 0 Brother Richard Gilman 1 0 X 0 0 0 Monsignor Elmer Holtman 1 0 X 0 0 0 Edward E Leyden 1 0 X 0 0 0 Brother Donald Blauvelt 1 0 X 0 0 0 Donna VanFleet 1 0 X 0 0 0 Ian J Turpin 1 0 X 0 0 0 Melba Whatley 1 0 X 0 0 0 Margaret Crahan 1 0 X 0 0 0 Brother James Branigan 1 0 X 0 0 0 Thomas Carter 1 0 X 0 0 0 Judge Wilford Flowers 1 0 X 0 0 0 Joseph Lucci III 1 0 X 0 0 0 Graham Hughes Abell 1 0 X 0 0 0 Regina L Lewis 1 0 X 0 0 0 Ellie Ghaznavi-Salamat 1 0 X 0 0 0 Steve D Shadowen 1 0 X 0 0 0 Rev Thomas J OHara 1 0 X 0 0 0 Michael Larkin 40 0 X 261097 0 23081 Donna M Jurick SND 40 0 X 0 0 5581 George E Martin 40 0 X 516513 0 183616 Katherine Paige Booth 40 0 X 239210 0 32489 Sandra L Pacheco 40 0 X 147523 0 17387 Rhonda D Cartwright 40 0 X 266928 0 30971 David Waldron 40 0 X 174258 0 25456 Brenda J Vallance 40 0 X 186825 0 13630 Marianne F Hopper 40 0 X 151112 0 19090 Marsha C Kelliher 40 0 X 163833 0 25991 Molly Minus 40 0 X 147641 0 24377 Grant W Simpson Jr 40 0 X 151240 0 10553 Thomas Mitzel 40 0 X 173855 0 17402 2580035 0 429624 75 0 1 0 Bon Appetit 91337 Collections Drive PO Box 91337 Chicago IL 60693 Food Services 4392814 DPR Construction 9606 N Mopac Suite 300 Austin TX 78759 Construction 5492194 Jo's Campus Coffee LLC 1101 Music Lane Suite 303 Austin TX 78704 Food Services 839740 Sasaki Associates Inc PO Box 843026 Boston MA 02284 Architect 1023627 J M Mitchell Group Inc 6202 Ledge Mountain Dr Austin TX 78731 Marketing Consultant 887088 29 0 0 0 0 1762963 23888459 94218 25651422 Tuition, Fees, Auxiliary Services Revenue 611310 144194652 144194652 0 0 0 0 0 0 144194652 1782781 0 0 1782781 0 0 0 0 0 0 0 0 58519 0 0 0 58519 0 58519 0 0 58519 550010 0 0 0 550010 0 550010 0 0 550010 0 All Other Revenue 900099 74353 74353 0 0 0 0 0 0 74353 172311737 144269005 0 2391310 0 0 40798177 40798177 0 0 0 0 2428235 1165289 964572 298374 0 0 0 0 51313369 43943839 6177614 1191916 2845624 2344244 437274 64106 5696022 4526167 1023018 146837 3562038 2936822 492159 133057 0 0 0 0 39112 0 36112 3000 151660 0 151660 0 0 0 0 0 0 0 178987 178987 0 0 0 0 0 0 1367630 1328040 20993 18597 4323839 3959440 155093 209306 4041150 3753591 287286 273 0 0 0 0 4111989 3739879 371966 144 2045222 1868664 100663 75895 0 0 0 0 1194859 1096635 72992 25232 5028627 4761390 267237 0 0 0 0 0 8981864 7589115 1392749 0 662627 66662 595965 0 Contract, Technical, Other Labor Expenses 3423779 3204594 164560 54625 Special Events 1046122 770713 72971 202438 Bank Fees 665865 665865 0 0 Allocate Information Technology Expenses 0 3272278 -3359283 87005 2261810 1923667 327073 11070 146168607 133894058 9752674 2521875 29058821 26468774 2919415 3164902 4075066 4179473 1738003 1976816 1917490 1443945 255519175 73930407 160592860 181588768 73977731 83601325 4550457 7432227 479648 490206 279309491 310346436 9761433 12151758 5710340 5383173 90240000 88100000 9846821 8717382 115558594 114352313 X 101105778 123974949 29020800 16998167 33624319 55021007 163750897 195994123 279309491 310346436 X 26143130 4429146 0 0 0 1670950 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54169154 21331269 6897277 486725 1222520 178987 80509468 54848981 1398998 1022 645480 1275492 158875 54169154 45178458 2487913 9221882 588170 1280394 170708 54848981 41720070 513849 4603824 432739 1087510 139036 45178458 57218963 975638 -13469625 1206665 1502963 295278 41720070 0.2143 0.6834 0.1023 0 1 1 0 3479883 3479883 0 199581668 48556720 151024948 0 0 0 0 0 26953884 17489287 9464597 0 25503740 7884400 17619340 181588768 0 Unamortized Bond Premium 644835 Government Grants Refundable 1927798 Fair Value of Interest Rate Swap 3574430 Annuities Payable 528947 Capital Leases Payable 859867 Other Liabilities 1181505 8717382 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The university's endowment funds are used to provide scholarships and support university programs in the furtherance of the educational mission. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 All responses to public inquiry concerning admissions and financial aid requirements are met with literature; such as catalogues, brochures and applications that have the organization's non-discriminatory policy clearly stated. Advertisements for the organization typically are for course offerings of the current semester. A statement of non-discriminatory policy is stated in each advertisement. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The university administers various student financial aid programs including SEOG, College Work Study and National Direct Student Loans. The university is also involved in various educational programs for which funds are received from both State and Federal agencies. In the past, the university had received financial aid funding from the Law Enforcement Assisting Agency (LEAA) for students enrolled in the Criminal Justice program. Certain years of the program have been reviewed by the LEAA and the agency claims the university did not comply with the guidelines and demanded a refund of certain amounts. A settlement was reached with the Department of Justice. The university was suspended from receiving further funds from the LEAA. This suspension was rescinded in 1975. Central America and the Caribbean 0 0 Program Services Educational and cultural activities for the organization's students. 259 East Asia and the Pacific 0 0 Program Services Educational and cultural activities for the organization's students. 55877 Europe (including Iceland and Greenland) 1 4 Program Services Educational and cultural activities for the organization's students and local residence students. 701299 South America 0 0 Program Services Educational and cultural activities for the organization's students. 198102 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Educational and cultural activities for the organization's students. 29072 1 4 984609 0 0 1 0 0 0 SchF_P01_S00_L03 Schedule F, Part I, Line 3 Column [e]: Europe (France) Only- Educational and cultural activities for the organization's students and local residence students. Column [e]: ALL OTHER REGIONS Educational and cultural activities for the organization's students. Column [f]: The University uses the accrual method of accounting. For the European region, cash disbursements are made by cash payment, check, wire transfer and direct charges against funds on deposit at a financial institution. For the other regions, cash disbursements are made by cash payment, check, credit card and wire transfer. 1 Scholarships to Students 3444 40798177 0 FMV SchI_P01_S00_L02 Schedule I, Part I, Line 2 St. Edward's University's Office of Student Financial Services monitors the use of grant funds through the following procedures: Enrollment Committee - The Enrollment Committee reviews awarding and renewal policies for the university grants and scholarships and establishes freshmen and transfer enrollment goals along with the financial aid packaging strategy necessary to achieve these goals. The committee engages a nationally recognized leader in the enrollment management consulting field to assist in the establishment and monitoring of freshmen and transfer enrollment goals and financial aid packaging. Each committee member and other key university personnel receive weekly reports throughout the financial aid awarding cycle. The Enrollment Committee is comprised of the Vice President for Academic Affairs, Vice President for Marketing and Enrollment Management, Vice President for Financial Affairs (ex-officio), Associate Vice President for Student Financial Services and Associate Vice President for Undergraduate Admission. Compliance and Funds Management - The enterprise software database used to administer financial aid, (This includes all funding sources for grants and scholarships; university, federal, state, local and private sources.) has a comprehensive compliance function. The Compliance and Funds Management Modules allow for staff to add additional functionality as necessary. The compliance function identifies grant and scholarship offers that fail to meet awarding criteria and prevents financial aid from being applied to a student if the student does not meet the disbursing criteria. The funds management function ensures the financial aid records and university general ledger records reconcile with each other. Further monitoring is accomplished through numerous reports specific to financial aid identifying codes, the individual types of grants the various forms of grants and individual funding sources. Annual Independent Audits - Annual audits are performed by an independent public accounting firm who render an opinion as to whether federal and certain state funded financial aid programs are exercised in compliance with applicable laws and regulations governing said programs. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 George E Martin 410448 0 40500 0 65565 0 173107 0 14454 0 704074 0 0 0 Rhonda D Cartwright 266011 0 0 0 917 0 17500 0 14466 0 298894 0 0 0 Katherine Paige Booth 238293 0 0 0 917 0 17156 0 16411 0 272777 0 0 0 Sandra L Pacheco 146838 0 0 0 685 0 10520 0 7092 0 165135 0 0 0 David Waldron 173436 0 0 0 822 0 12620 0 13014 0 199892 0 0 0 Michael Larkin 260180 0 0 0 917 0 17500 0 6575 0 285172 0 0 0 Brenda J Vallance 186136 0 0 0 689 0 11205 0 2649 0 200679 0 0 0 Molly Minus 146933 0 0 0 708 0 10869 0 14494 0 173004 0 0 0 Marsha C Kelliher 163052 0 0 0 781 0 11984 0 14315 0 190132 0 0 0 Grant W Simpson Jr 150552 0 0 0 688 0 10552 0 216 0 162008 0 0 0 Marianne F Hopper 150400 0 0 0 712 0 10932 0 8597 0 170641 0 0 0 Thomas Mitzel 167008 0 0 0 6847 0 6066 0 11621 0 191542 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Dr. George Martin, President, received a housing allowance and reimbursement for financial planning services per employment contract. Both the housing allowance and financial planning services are taxable. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 George E. Martin: The University established a non-qualified deferred compensation plan under IRS Code Section 457F for the purpose of providing a retirement benefit for the university president, George E. Martin. Under the terms of the plan, the university agreed to establish a non-vested retirement account in a financial institution of the university's selection in the name of the university on behalf of the president; make an annual contribution to the retirement account during the term of the plan; invest the account balance and distribute the account balance to the president in accordance with the occurrence of specific events. The president has no rights to or interest in the retirement account prior to the date the account becomes payable to the president under the terms and conditions set for in the plan. The president's right to the retirement benefits is non-vested and forfeitable prior to the payment date. The retirement account is the property of the university at all times prior to the payment date. The university accrued $45,480 and paid $81,000 into the plan in the current reporting period. The president will become 100 percent vested in and entitled to payment of the retirement account at his normal retirement date; upon termination for disability or death; other than cause and voluntary cause for good reason as defined. The president forfeits all interest in the retirement account in the event of termination for cause or voluntary termination for other than good reason as defined. SchJ_P02_S00_L00 Schedule J, Part II George E. Martin: Included in Column B (iii) is a taxable housing allowance of $45,000, taxable automobile allowance of $3,648, taxable long-term disability insurance of $917, taxable financial planning services of $4,000 and taxable reimbursements of $12,000. The payments of the taxable reimbursements, automobile allowance, financial planning services, long-term disability insurance and housing allowance are made pursuant to the terms of the contract with President Martin and the university. A San Leanna Education Facilities Corp 201275212 000000000 2004-06-04 10000000 Construction and equipment and new dormitory facility and certain utility efficiency upgrades 0 0 0 B San Leanna Education Facilities Corp 201275212 000000000 2005-01-11 2917000 Construction and equipment for new dormitory facility 0 0 0 C San Leanna Education Facilities Corp 201275212 000000000 2006-08-01 6963000 Construction and equipment for new dormitory facility 0 0 0 D San Leanna Education Facilities Corp 201275212 79846PAX4 2007-06-21 75608063 See Schedule K, Part V 0 0 0 A 1153000 0 10103289 0 472051 0 98500 0 0 9532738 0 0 2005 0 0 1 1 B 102500 0 2952856 0 62143 0 35985 0 0 2854728 0 0 2005 0 0 1 1 C 808500 0 7133824 0 261961 0 92214 0 0 6779649 0 0 2007 0 0 1 1 D 4745000 0 79425672 0 4478234 0 288648 0 0 43964359 0 0 2009 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 1 1 0 0.032 0 0.032 1 0 1 A 0 0 1 0 1 1 Frost National Bank 28.5 1 0 0 0 1 B 0 0 1 0 1 1 Frost National Bank 30.4 1 0 0 0 1 C 0 0 1 0 1 1 Frost National Bank 28.4 1 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SchK_P01_S00_L00f Schedule K, Part I, Column f San Leanna Education Facilities Corp, CUSIP # 79846PAX4, Description of Purpose: Construction and equipment for new dormitory, parking & dining facilities. Partial advance refunding of bonds issued 9/30/1998 and 1/25/2001. SchK_P02_S00_L03 Schedule K, Part II, Line 3 San Leanna Education Facilities Corp, Date Issued 06/04/2004, Row A, Issue Price $10,000,000: The issue price of $10,000,000 shown in Part I, Row A, Column (e) does not agree with Part II, Line 3, Column A because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $103,289. This amount is included in Part II, Line 3, Column A but not included in the issue price shown in Part I, Row A, Column (e). San Leanna Education Facilities Corp, Date Issued 01/11/2005, Row B, Issue Price $2,917,000: The issue price of $2,917,000 shown in Part I, Row B, Column (e) does not agree with Part II, Line 3, Column B because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $35,856. This amount is included in Part II, Line 3, Column B but not included in the issue price shown in Part I, Row B, Column (e). San Leanna Education Facilities Corp, Date Issued 08/01/2006, Row C, Issue Price $6,963,000: The issue price of $6,963,000 shown in Part I, Row C, Column (e) does not agree with Part II, Line 3, Column C because of the inclusion of interest income earned on the construction fund and capitalized interest fund in the amount of $170,824. This amount is included in Part II, Line 3, Column C but not included in the issue price shown in Part I, Row C, Column (e). San Leanna Education Facilities Corp, Date Issued 06/21/2007, CUSIP# 79846PAX4, Row D, Issue Price $75,608,063: Reconciliation of issue price of $75,608,063 shown in Part I, Row D, Column (e) to $79,425,672 shown in Part II, Line 3, Column D- Issue Price $75,608,063 Less: underwriters' discount (535,698) Add: accrued interest 06/01/2007 to 06/21/2007 206,102 Add: Investment income on escrow account, debt service account and construction account 4,151,625 Less: rebate credits 06/01/2008 to 06/21/2010 (4,420) Total Proceeds of Issue Part II, Line 3, Column D $79,425,672 SchK_P03_S00_L04 Schedule K, Part III, Line 4 Column A - The private business use percentage excludes bond issuance costs of $98,500. If the issuance costs are included the percentage calculation, the private business use percentage would be 1%. Column B - The private business use percentage excludes bond issuance costs of $35,985. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.2%. Column C - The private business use percentage excludes bond issuance costs of $92,214. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.3%. Column D - The private business use percentage excludes bond issuance costs of $288,648. If the issuance costs are included from the percentage calculation, the private business use percentage would be 3.6%. SchK_P03_S00_L06 Schedule K, Part III, Line 6 Column A - The private business use percentage excludes bond issuance costs of $98,500. If the issuance costs are included the percentage calculation, the private business use percentage would be 1%. Column B - The private business use percentage excludes bond issuance costs of $35,985. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.2%. Column C - The private business use percentage excludes bond issuance costs of $92,214. If the issuance costs are included from the percentage calculation, the private business use percentage would be 1.3%. Column D - The private business use percentage excludes bond issuance costs of $288,648. If the issuance costs are included from the percentage calculation, the private business use percentage would be 3.6%. X 12 94218 Avg mkt val @ gift date 0 0 1 0 F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee of the university is composed of at least five voting members of the Board of Trustees, including the officers of the Board and, ex officio, the President of St. Edward's University. Members of this Committee, other than the officers of the Board and the President, are appointed by the Chairperson of the Board, these appointments being ratified by vote of the full Board. The Executive Committee shall exercise all powers of the Board at such times as the Board is not in session, except that it shall not have the power to alter or revoke any previous order, resolution, or vote of a meeting of the Board unless specifically granted such power by the Board. It shall not have the power to elect or remove officers of the Board of Trustees, elect or remove the President of St. Edward's University, or to amend the charter or Bylaws of the Corporation. The Committee shall not act on matters properly the first responsibility of standing committees for review, study, and recommendation to it and/or to the Board, except in emergencies of consequence to St. Edward's University generally. The functions of this Committee shall also include evaluation of the stated mission and goals of the University, evaluation of the various programs of the University and ensuring that these are consistent with the mission and goals of the University. The Executive Committee shall have a standing subcommittee, appointed by the Chairperson of the Board, responsible for reviewing the compensation package of the President and recommending the same to the full committee. The subcommittee will also oversee the compensation packages of senior staff to assure compliance with applicable law, regulation and good practice. Regular and special meetings shall be at the call of the Chairperson or President or upon written request of any two voting Trustee members of the Committee. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Board of Trustees: As provided for in the Merger Agreement, the Provincial Superior of Congregation of Holy Cross Moreau Province and another three active Trustees to be named by the Congregation of Holy Cross Moreau Province are members of the university Board of Trustees. All other members of the Board of Trustees are elected. The Board of Trustees is self-perpetuating and shall consist of Trustees elected by the Board and those persons elected as Emeriti or who sit with the Trustees, ex officio. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The completed Form 990 is made available to the Fiduciary Committee of the Board of Trustees of the university via hardcopy or email prior to filing with the Internal Revenue Service. The Fiduciary Committee is responsible for the review and oversight of the University's financial statements and tax reporting. Financial statements and IRS Form 990, which are released to the public, are reviewed prior to filing and release of information. Financial statements and IRS Form 990 are available to all Board members after review by the Fiduciary Committee. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c St. Edward's University's Conflict of Interest Policy is applicable to all members of the university's Board of Trustees and Officers. A conflict is deemed to exist in the event that a Trustee, Officer or family member of either is affiliated with an organization that may transact business with the university. The policy defines "Trustee", "Officer", "family members" and "affiliation". Disclosure of any/all of these types of relationships or the appearance of such relationships is required to be made annually by September or as soon as a potential conflict arises. These disclosures are made in writing on the St. Edward's Conflict of Interest form and submitted to the Assistant to the President for Institutional Relations for trustees and to the Assistant to the President for Strategic Planning for university officers. After collecting the Conflict of Interest forms, the assistants provide the President and Chair of the Board with a report stating whether or not there are any conflicts. If any potential conflicts are disclosed, the appropriate assistant is to notify university's legal counsel. Counsel will in turn determine if an actual conflict exists. If a conflict is determined to exist with a trustee the matter is reported to the university President and Board Chair. If a conflict is determined to exist with a university officer, the matter is reported to the university President. In either case, the individual(s) receiving the report must take all appropriate action. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 For the university President and key employees, the university engages national search firms to solicit candidates who meet the established criteria for the open position. As part of the work performed by these firms, a salary range acceptable to the university is determined and compared to industry data. All work performed by the national firm is reviewed by an internally appointed search committee. Once individuals are hired, any increase in compensation for key employees is approved by the President. Compensation increases for the President is approved by the Board of Trustees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The university makes the following items available to the general public: Governing Document - maintained on file in the university library. Conflict of Interest Policy - maintained with the governing documents in the university library. Financial Statements - included with the Form 990 on the Guidestar website - www.guidestar.org F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Donna M. Jurick SND is a member of the religious order of the Sisters of Notre Dame. Sister Jurick does not receive compensation from St. Edward's University; therefore, no Form W-2 is prepared or reported. Sister Jurick participates in St. Edward's University's medical and dental plan. The amounts reported on Part VII, Section A, Column F reflect the value of these benefits. George E. Martin: Included in Column [D] is a taxable housing allowance of $45,000, taxable automobile allowance of $3,648, taxable long-term disability insurance of $917, taxable financial planning services of $4,000 and taxable reimbursements of $12,000. The payments of the taxable reimbursements, automobile allowance, financial planning services, long-term disability insurance and housing allowance are made pursuant to the terms of the contract with President Martin and the university. F990_P11_S00_L09 Form 990, Part XI, Line 9 Other changes to net assets as follows: Gain related to change in fair market value of interest rate swaps, $1,685,950. Loss related to direct write off of uncollectable pledges, $15,000. Total other changes to net assets - increase, $1,670,950. F990_P12_S00_L02b Form 990, Part XII, Line 2b St. Edward's University, Inc. issued consolidated financial statements that are audited and opined by an independent certified public accountant prepared in accordance with GAAP and GAAS for the fiscal year ended June 30, 2013. The university's financial statements consolidate the financial activity of St. Edward's University, Inc. with the financial activity of The Catholic Cemetery Association of Austin, Inc. in which the university has a controlling and economic interest. The independent certified public accountant issued an unmodified opinion for the consolidated financial statements for the fiscal year ended June 30, 2013. In the accountant's opinion, based upon their audit and reports of other auditors, the consolidated financial statements presented fairly, in all material respects, the financial position of St. Edward's University, Inc. and its subsidiaries as of June 30, 2013 and changes in the net assets and cash flows for said year ended in conformity with accounting principles generally accepted in the United States of America. Catholic Cemetery Association of Austin 3650 South IH-35 Austin TX 78704 741185658 Private Cemetery TX 501C3 1 St Edward's University 1 Saint Edward's University Association 3 Place Andre Leroy BP 10808 49008 Angers, France CEDEX 01, France FR Education FR 501C3 2 St Edward's University 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 Catholic Cemetery Association of Austin s 100000 Fair Market Value