2025-03-12T21:00:44-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 410693960 TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA TRUS 6515232329 1536 HEWITT AVE ST PAUL MN 55104 DR KATHLEEN MURRAY PRESIDENT 6515232329 2025-03-07 1 1 SARAH HINTZ P00492291 3037795710 2025-03-07 2023 2025-03-06 01:10:19Z HAMLINE UNIVERSITY DR KATHLEEN MURRAY 1536 HEWITT AVE ST PAUL MN 55104 157320025 0 X WWW.HAMLINE.EDU X NON PROFIT PRIVATE SCHOOL 1854 MN AT HAMLINE, OUR MISSION IS TO CREATE A DIVERSE AND COLLABORATIVE COMMUNITY OF LEARNERS DEDICATED TO THE DEVELOPMENT OF STUDENTS' KNOWLEDGE, VALUES, AND SKILLS FOR SUCCESSFUL LIVES OF LEADERSHIP, SCHOLARSHIP, AND SERVICE. 31 30 1488 300 78942 3584 17133859 10713554 94114775 93755100 1401141 6221897 971061 1094320 113620836 111784871 42041276 42180115 0 0 34896389 36545709 77047 84548 1755440 36295587 35069899 113310299 113880271 310537 -2095400 247164650 254559352 58161324 52894632 189003326 201664720 X FOUNDED IN 1854, HAMLINE UNIVERSITY IS A NATIONALLY RANKED COMPREHENSIVE UNIVERSITY SERVING OVER 2,600 STUDENTS IN ITS COLLEGE OF LIBERAL ARTS, SCHOOL OF EDUCATION, AND SCHOOL OF BUSINESS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORATE AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. 0 0 65024914 42160115 87041902 HAMLINE UNIVERSITY IS A NATIONALLY-RANKED, COMPREHENSIVE UNIVERSITY SERVING OVER 2,600 STUDENTS IN ITS COLLEGE OF LIBERAL ARTS, SCHOOL OF EDUCATION, AND SCHOOL OF BUSINESS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORAL AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. FOUNDED IN 1854, HAMLINE UNIVERSITY WAS THE FIRST INSTITUTION OF HIGHER LEARNING IN MINNESOTA. THE UNIVERSITY HAS ESTABLISHED A NATIONAL REPUTATION FOR ACADEMIC QUALITY, AS WELL AS PROVIDING STUDENTS WITH PERSONAL ATTENTION AND HIGH-IMPACT LEARNING EXPERIENCES. HAMLINE IS ONE OF APPROXIMATELY 290 PHI BETA KAPPA INSTITUTIONS IN THE UNITED STATES. AMONG COMPREHENSIVE UNIVERSITIES, U.S. NEWS AND WORLD REPORT'S 2024 RANKINGS PLACE HAMLINE AS THE TOP MINNESOTA UNIVERSITY IN ITS CATEGORY OF BEST REGIONAL UNIVERSITIES. IT IS ONE OF ONLY FOUR PRIVATE UNIVERSITIES IN MINNESOTA, WISCONSIN, IOWA AND THE DAKOTAS THAT RATE WITHIN THE TOP 20% FOR STUDENT'S ECONOMIC MOBILITY, OUT OF 1,320 OF US COLLEGES AND UNIVERSITIES, ACCORDING TO THIRDWAY.ORG'S 2022 RANKINGS. 16193456 0 0 HAMLINE UNIVERSITY PROVIDES EDUCATIONAL SERVICES TO ITS STUDENTS AND INCLUDES SUCH OPERATING EXPENSES AS ADMISSIONS, FINANCIAL AID, ADMINISTRATION, REGISTRAR ACTIVITIES, AND ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTIONAL PROGRAM. 8933834 0 4387662 HAMLINE UNIVERSITY ALSO PROVIDES AUXILIARY SERVICES TO STUDENTS IN RELATION TO THEIR OPERATIONS. THESE SERVICES MAY CHARGE A FEE TO STUDENTS THAT IS RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF PROVIDING THE SERVICE. EXAMPLES ARE RESIDENCE HALLS, DINING SERVICES, STUDENT HEALTH SERVICES, AND THE CAMPUS BOOKSTORE. 7786125 0 886866 HAMLINE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO ITS STUDENTS THROUGH SUPPORT SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF INSTRUCTION. THIS INCLUDES EXPENSES FOR LIBRARIES, GALLERIES, AUDIO/VISUAL SERVICES, ACADEMIC DEVELOPMENT, ACADEMIC COMPUTING SUPPORT, COURSE AND CURRICULUM DEVELOPMENT, AND ACADEMIC ADMINISTRATION. THE REVENUE INCLUDES CONTRACTS. 1942702 20000 2453995 EXPENDITURES OF THOSE OFFICES AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO SUPPORT THE PROGRAM ACTIVITIES OF THE UNIVERSITY 9728827 20000 3340861 99881031 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3473 0 1 1488 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO MA MI MN NH OR PA SD WA X REBECCA GROEN 6515232671 1536 HEWITT AVE SAINT PAUL MN 55104 FAYNEESE MILLER PRESIDENT (THRU 6/30/24) 40.00 X X 594509 0 92068 KATHLEEN MURRAY TRUSTEE/INTERIM PRESIDENT (START 1/1/24) 2.00 X X 0 0 0 ELLEN E WATTERS CHAIR 4.00 X X 0 0 0 DORON CLARK '00 VICE CHAIR 2.00 X X 0 0 0 JOHN PACKARD '75 SECRETARY 2.00 X X 0 0 0 JENNIFER KEIL TREASURER 2.00 X X 0 0 0 PAUL ABLAN '82 TRUSTEE 2.00 X 0 0 0 PHILIP BELL TRUSTEE 2.00 X 0 0 0 CHAD BESTER '02 TRUSTEE 2.00 X 0 0 0 JUSTIN BUTLER TRUSTEE 2.00 X 0 0 0 LISA CARRIERE '85 TRUSTEE 2.00 X 0 0 0 PAUL DADLEZ JD '94 TRUSTEE 2.00 X 0 0 0 ROBIN DIETZ-MAYFIELD '77 TRUSTEE 2.00 X 0 0 0 BRYCE DOTY '88 TRUSTEE 2.00 X 0 0 0 CINDY GREGORSON '81 TRUSTEE 2.00 X 0 0 0 PATRICK HECTORNE '75 TRUSTEE 2.00 X 0 0 0 BRENDA EDMONDSON HEIM '77 TRUSTEE 2.00 X 0 0 0 DENISE HOLLOMAN TRUSTEE 2.00 X 0 0 0 ROBERT KLAS JR '85 TRUSTEE 2.00 X 0 0 0 MATTHEW MASSMAN '88 TRUSTEE 2.00 X 0 0 0 ANDREA MOWERY '93 TRUSTEE 2.00 X 0 0 0 LANETTE PLAMBECK TRUSTEE (EX OFFICIO) 2.00 X 0 0 0 STEPHEN RICHARDS TRUSTEE 2.00 X 0 0 0 ROBERTA SAUNDERS TRUSTEE 2.00 X 0 0 0 ANN EILBRACHT THOMPSON TRUSTEE 2.00 X 0 0 0 MARCIA URBAN JD '82 TRUSTEE 2.00 X 0 0 0 DON WEIDA '72 TRUSTEE 2.00 X 0 0 0 RICH WIEN '68 TRUSTEE 2.00 X 0 0 0 DENNIS WILLIAMS '94 TRUSTEE 2.00 X 0 0 0 JAI WINSTON TRUSTEE 2.00 X 0 0 0 BROOKE WORDEN '93 TRUSTEE 2.00 X 0 0 0 BRENT GUSTAFSON VP FOR FINANCE & ADMIN (THRU 11/30/23) 40.00 X 179856 0 29493 SUSAN KERRY VP FOR FINANCE & ADMIN (START 5/28/24) 40.00 X 0 0 0 CATHERINE WASSBERG GENERAL COUNSEL 40.00 X 283312 0 23415 ANDY RUNDQUIST INTERIM PROVOST 40.00 X 182941 0 14137 BETH GUNDERSON DEAN OF SCHOOL OF BUSINESS 40.00 X 177142 0 27029 MARCELA KOSTIHOVA DEAN OF COLLEGE OF LIBERAL ARTS 40.00 X 162060 0 47230 HEIDI FISHER VP OF DEVELOPMENT 40.00 X 161456 0 34314 TERRY METZ CIO & UNIVERSITY LIBRARIAN 40.00 X 149399 0 9571 PATTI KLEIN-KERSTEN VP & DEAN OF STUDENTS 40.00 X 147461 0 25264 L DEVRIESE DIRECTOR OF GLOBAL ENGAGEMENT CENTER 40.00 X 136444 0 24287 STANLEY SANDIFORD ASSOCIATE GENERAL COUNCIL 40.00 X 136095 0 23129 KEN DEHKES AVP FOR FACILITIES 40.00 X 118074 0 40191 2428749 0 390128 25 0 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FOOD SERVICE 2018681 MARSDEN CENTRAL LLC PO BOX 1150 MINNEAPOLIS MN 55480 JANITORIAL SERVICES 1985360 EAB PO BOX 603519 CHARLOTTE NC 28260 RESEARCH 1624634 MARCO INC PO BOX 1450 MINNEAPOLIS MN 55485 COPY/PRINT SERVICES 630429 US CREATIVE WORKS LLC 740 ARLINGTON AVE E ST PAUL MN 55106 DESIGN SERVICES 234570 14 3358004 7355550 445482 10713554 TUITION & RELATED SERV 611310 87041902 87041902 AUXILARY ENTERPRISES 721310 3301074 3293342 7732 OTHER SOURCES 611710 2525258 2453995 71263 SALES & SERVICES OF ED 611310 886866 886866 93755100 3938096 -53 3938149 45644929 43361128 2283801 2283801 2283801 3268346 2174026 1094320 1094320 111784871 94770425 78942 6221950 20000 20000 41864241 41864241 295874 295874 1945932 333928 1513275 98729 27512528 21735312 4832232 944984 1535610 1182996 287905 64709 3612815 3093005 443973 75837 1938824 1472081 399807 66936 1360677 1144205 216472 148865 80128 68737 158106 158106 84548 84548 521839 521839 4071954 4272748 -317484 116690 2352271 1833747 515693 2831 3676017 2914999 712397 48621 3313415 2750060 500728 62627 5543752 5219349 282911 41492 2101354 1877666 187871 35817 1147712 727373 370425 49914 1745755 1639308 93282 13165 6567050 6202919 319115 45016 942099 413843 528256 PROGRAM EXPENSE 562495 562495 BAD DEBT EXPENSE 550300 550300 306238 244754 57960 3524 113880271 99881031 12243800 1755440 5593628 4789950 8997166 3379535 4949398 5707347 89018 68912 7470755 5980886 230108655 144256116 88710493 85852539 125899519 142166001 1695522 2528498 1284067 836782 2475084 3248902 247164650 254559352 5912108 5675801 1312903 787059 1146174 1068097 42080497 40233828 5806455 2505034 1903187 2624813 58161324 52894632 X 71972516 68329186 117030810 133335534 189003326 201664720 247164650 254559352 X -2095400 14706451 50343 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 111381 111381 0 PART II-B, LINE 1: HAMLINE UNIVERSITY IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTEREST OF PRIVATE HIGHER EDUCATION. HAMLINE PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $138,753 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2024, INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NONLOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 80.27% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $111,381 OF HAMLINE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM HAMLINE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. X X X 0 126516616 4467228 21745290 2377131 1871805 1260079 147220119 117220824 3642326 11097237 2359831 1842682 1241258 126516616 138088802 3540839 -19459973 1613015 2193640 1142189 117220824 100558941 10514953 31375347 1584912 1986914 788613 138088802 100549851 1090154 3051633 1909735 1459505 763457 100558941 0.17100 0.82900 0.00000 0 0 3028079 3028079 165269354 91479900 73789454 9710726 8510974 1199752 39522462 34469536 5052926 12578034 9795706 2782328 85852539 ANNUITIES PAYABLE 658046 LEASE LIABILITY 241647 ROU LEASE LIABILITY 1725120 2624813 X 86020307 14706451 50343 14756794 71263513 521839 39999519 40521358 111784871 73358913 -13430 -13430 73372343 521839 39986089 40507928 113880271 PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE BALANCE SHEET. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS THAT ARE USED TO PURCHASE THE ITEMS ARE RESTRICTED BY THE DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE UNIVERSITY'S COLLECTION IS MADE UP OF POTTERY, PRINTS, MUSICAL INSTRUMENTS AND PAINTINGS THAT ARE HELD FOR EDUCATIONAL AND PERFORMANCE PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART V, LINE 4: THE INTENDED USES OF THE ENDOWMENT FUNDS ARE TO ESTABLISH A SCHOLARSHIP OR PRIZE, TO CREATE A CHAIR IN A SPECIFIC ACADEMIC AREA, TO FUND A PARTICULAR RESEARCH PROGRAM, TO FUND OTHER PROGRAMS SUCH AS PROFESSORSHIPS, FELLOWSHIPS, LIBRARY, BUILDINGS, EQUIPMENT AND LECTURES AND DISCRETIONARY USE BY THE UNIVERSITY (UNRESTRICTED). PART X, LINE 2: THE IRS HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY HAS ADOPTED THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THEM UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 50,343. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS & FINANCIAL ASSISTANCE NETTED AGAINST TUITION REVENUE 42,160,115. COST OF GOODS SOLD -2,174,026. BOARD DESIGNATED UNRESTRICTED SPENDING 13,430. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOARD DESIGNATED UNRESTRICTED SPENDING -13,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & FINANCIAL ASSISTANCE NETTED AGAINST TUITION REVENUE 42,160,115. COST OF GOODS SOLD -2,174,026. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POSITION IN ALL MAJOR PUBLICATIONS, INCLUDING THOSE RELATED TO ADMISSION AND STUDENT SERVICES AND HAMLINE MAGAZINE AS WELL AS ON THE UNIVERSITY WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES BOTH FEDERAL AND STATE FUNDING. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1310488 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS TO RECIPIENTS 95250 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS TO RECIPIENTS 77750 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS 47874 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS TO RECIPIENTS 36000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS AND PROFESSIONAL DEVELOPMENT EXPENSES 29932 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS 23500 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTS TO RECIPIENTS 15500 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS AND PROFESSIONAL DEVELOPMENT EXPENSES 12684 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM EXPENSES 8585 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS AND PROFESSIONAL DEVELOPMENT EXPENSES 5637 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM EXPENSES 2900 0 0 0 0 0 0 1636294 29806 1666100 EDUCATIONAL FINANCIAL ASSISTANCE NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 4 95250 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 3 77750 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 2 47874 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 36000 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 23500 WIRE TRANSFER 0 N/A N/A EDUCATIONAL FINANCIAL ASSISTANCE RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 15500 WIRE TRANSFER 0 N/A N/A 1 0 1 0 1 0 PART I, LINE 2: THE FINANCIAL AID OFFICE DETERMINES STUDENTS ELIGIBILITY FOR INSTITUTIONAL SCHOLARSHIPS ACCORDING TO THE UNIVERSITY'S ESTABLISHED CRITERIA WHICH FOLLOWS FEDERAL AND STATE GUIDELINES FOR AWARDING ANY GRANT FUNDS. THERE IS AN ANNUAL AUDIT TO ENSURE COMPLIANCE WITH THESE REGULATIONS. PART I, LINE 3: THE ACCRUAL METHOD IS BEING USED TO ACCOUNT FOR FOREIGN EXPENDITURES. X X X X X 1 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 COMMUNICATIONS/MARKETING 0 4200000 77390 4122610 4200000 77390 4122610 AK CO MA MI MN NH OR PA SD WA 1 HAMLINE MIDWAY COALITION 1558 WEST MINNEHAHA AVE SAINT PAUL MN 55104 411395272 501(C)(3) 20000 0 N/A N/A GENERAL SUPPORT 1 0 EDUCATIONAL SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS 1664 41512006 0 N/A N/A GRADUATE TUITION & FEES & ASSISTANCE 81 352235 0 N/A N/A PART I, LINE 2: THE FINANCIAL AID OFFICE DETERMINES STUDENTS ELIGIBILITY FOR FEDERAL, STATE, AND INSTITUTIONAL SCHOLARSHIPS ACCORDING TO THE UNIVERSITY'S ESTABLISHED CRITERIA WHICH FOLLOWS FEDERAL AND STATE GUIDELINES FOR AWARDING ANY GRANT FUNDS. THERE IS AN ANNUAL AUDIT TO ENSURE COMPLIANCE WITH THESE REGULATIONS. THE UNIVERSITY DOES NOT MONITOR USAGE OF FUNDS FOR GRANTS TO OTHER ORGANIZATIONS. X X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FAYNEESE MILLER PRESIDENT (THRU 6/30/24) 450488 0 122000 0 22021 0 47250 0 44818 0 686577 0 0 0 CATHERINE WASSBERG GENERAL COUNSEL 279241 0 0 0 4071 0 19387 0 4028 0 306727 0 0 0 BRENT GUSTAFSON VP FOR FINANCE & ADMIN (THRU 11/30/2 178960 0 0 0 896 0 13888 0 15605 0 209349 0 0 0 MARCELA KOSTIHOVA DEAN OF COLLEGE OF LIBERAL ARTS 161506 0 0 0 554 0 13395 0 33835 0 209290 0 0 0 BETH GUNDERSON DEAN OF SCHOOL OF BUSINESS 174353 0 0 0 2789 0 13388 0 13641 0 204171 0 0 0 ANDY RUNDQUIST INTERIM PROVOST 182072 0 0 0 869 0 13655 0 482 0 197078 0 0 0 HEIDI FISHER VP OF DEVELOPMENT 160011 0 0 0 1445 0 12375 0 21939 0 195770 0 0 0 PATTI KLEIN-KERSTEN VP & DEAN OF STUDENTS 146166 0 0 0 1295 0 11252 0 14012 0 172725 0 0 0 L DEVRIESE DIRECTOR OF GLOBAL ENGAGEMENT CENTER 136264 0 0 0 180 0 3739 0 20548 0 160731 0 0 0 STANLEY SANDIFORD ASSOCIATE GENERAL COUNCIL 134511 0 0 0 1584 0 9351 0 13778 0 159224 0 0 0 TERRY METZ CIO & UNIVERSITY LIBRARIAN 146943 0 0 0 2456 0 7209 0 2362 0 158970 0 0 0 KEN DEHKES AVP FOR FACILITIES 116260 0 0 0 1814 0 9480 0 30711 0 158265 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL EXPENSES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS FOR THE PRESIDENT WAS PAID AND WAS NOT INCLUDED IN TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS FOR THE PRESIDENT WERE PAID AND WERE INCLUDED IN TAXABLE COMPENSATION. RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE PRESIDENT AND WAS NOT INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE INCOME. PERSONAL SERVICES FOR THE PRESIDENT WERE PAID AND WERE NOT INCLUDED IN TAXABLE INCOME. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2017-12-06 38753794 DEFEASE TWO PRIOR BONDS AND ADD CONSTRUCTION FUNDING 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2021-06-29 9725000 REFUND PRIOR BOND AND CONSTRUCTION PROJECT 0 0 0 A 4675000 38753794 2435791 347859 6003619 29966566 2018 1 0 1 1 B 2425000 9725000 91000 6659000 2975000 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/22/2022 X 17 445482 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES SHALL HAVE AN EXECUTIVE COMMITTEE, ALL OF WHOM SHALL BE VOTING TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL INCLUDE THE CHAIR, VICE CHAR, SECRETARY, TREASURER AND EACH CHAIR OF THE BOARD STANDING COMMITTEE. IN ADDITION, ONE OR TWO TRUSTEES MAY BE NOMINATED BY THE COMMITTEE CHARGED WITH TRUSTEESHIP MATTERS AND ELECTED BY THE BOARD TO SERVE IN AT-LARGE POSITIONS ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE FUNCTIONS OF THE EXECUTIVE COMMITTEE ARE: (1) TO HELP THE PRESIDENT TO ADDRESS BUSINESS BETWEEN REGULAR BOARD MEETINGS; (2) TO ASSIST THE CHAIR AND THE PRESIDENT WITH THEIR JOINT RESPONSIBILITY TO HELP THE BOARD FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK; (3) TO REVIEW AS NEEDED SIGNIFICANT COMPENSATION, INCENTIVE AND BENEFIT PLANS FOR UNIVERSITY EMPLOYEES AND (4) TO PERFORM AN ANNUAL EVALUATION OF THE PRESIDENT, AND MAKE RECOMMENDATIONS TO THE BOARD OF TRUSTEES REGARDING THE PRESIDENT'S COMPENSATION. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES AND SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES, AN 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 UNIVERSITY, PROVIDED THAT THE FOLLOWING MATTERS SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTIONS AND TERMINATION; TRUSTEE NOMINATIONS AND ELECTIONS OF OFFICERS OF THE BOARD; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. THE BOARD OF TRUSTEES MAY ACT TO FURTHER LIMIT THE DELEGATION OF AUTHORITY OF THE EXECUTIVE COMMITTEE. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, AND OVERSEE THE UNIVERSITY'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY MANAGEMENT. THE AUDIT SUBCOMMITTEE AND THE BOARD OF TRUSTEES REVIEWED A PUBLIC INSPECTION VERSION OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES, LIFE TRUSTEES, AND OFFICERS OF THE ORGANIZATION ARE ANNUALLY REQUIRED TO COMPLETE AND SIGN A DISCLOSURE FORM INFORMING THE BOARD OF TRUSTEES OF ANY POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE A MATERIAL, FINANCIAL, OR OTHER INTEREST IN. WHEN THE UNIVERSITY ENTERS INTO A CONTRACT OR TRANSACTION THAT MAY HAVE A CONFLICT OF INTEREST WITH A COVERED MEMBER, THIS ISSUE IS BROUGHT TO THE BOARD TO BE REVIEWED. DURING THESE PROCEEDINGS, ALL MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION ARE REVIEWED BY THE BOARD OF TRUSTEES AND FULLY DISCLOSED BY THE COVERED MEMBER. THEN THE BOARD OF TRUSTEES MUST AUTHORIZE, APPROVE, OR RATIFY THE CONTRACT OR TRANSACTION WITHOUT THE VOTE OF THE COVERED MEMBER. THE BOARD MUST DETERMINE IF THE TRANSACTION IS IN GOOD FAITH AND A MAJORITY OF THE MEMBERS MUST VOTE TO APPROVE THE TRANSACTION OR CONTRACT. THE PROCEEDINGS ARE THEN RECORDED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE DETERMINATION OF COMPENSATION FOR THE PRESIDENT INCLUDED A REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE BOARD OF TRUSTEES. THE COMMITTEE REVIEWS COMPARABILITY DATA, SUCH AS COMPENSATION FROM PEER INSTITUTIONS IF REQUESTED BY THE COMMITTEE. THE DELIBERATION AND DECISION OF THE COMPENSATION IS LOCATED IN THE MEETING MINUTES. THE COMPENSATION OF OTHER KEY EMPLOYEES IS REFLECTED IN THEIR PERSONNEL RECORDS. THE LAST INDEPENDENT REVIEW WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE AT THE MINNESOTA SECRETARY OF STATE'S OFFICE. THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE UNIVERSITY'S FORM 990 IS AVAILABLE UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 50,343. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.