2013-11-13T12:34:58-06:00 2013-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 1040 HELENA MT 59624 990 2012-07-01 810231774 CARROLL COLLEGE CARR 4064474300 1601 NORTH BENTON HELENA MT 59625 LORI PETERSON 4064474300 2013-11-11 1 DONALD W LAINE P00102069 4064421040 2013-11-07 2012 2016-02-24 21:20:13Z LORI PETERSON 1601 NORTH BENTON HELENA MT 59625 57144726 0 X WWW.CARROLL.EDU X 1909 MT CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY. 25 24 1134 186 0 0 8150388 7659151 42459611 45788406 2102566 1338517 389564 449323 53102129 55235397 17223089 18999364 0 0 16351239 17339104 0 0 1510654 12701212 13798055 46275540 50136523 6826589 5098874 71190109 80955381 22673906 23245923 48516203 57709458 X CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL.AS A LIBERAL ARTS SCHOOL, CARROLL COLLEGE ACKNOWLEDGES THE PRACTICAL ROLE OF PREPARING ITS STUDENTS FOR A CAREER, BUT IT ALSO AFFIRMS THE TRADITIONAL ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. IT IS DEDICATED TO PROVIDING FOR ITS STUDENTS THE MEANS FOR THEIR FULL REALIZATION OF A DUAL GOAL OF VOCATION AND ENLIGHTENMENT. THUS, WHILE PROVIDING SUBSTANTIAL PROFESSIONAL AND PRE-PROFESSIONAL PROGRAMS, THE COLLEGE ENCOURAGES AND EXPECTS ALL STUDENTS TO PARTICIPATE IN A BROAD SPECTRUM OF ACADEMIC DISCIPLINES. 0 0 9062101 37116680 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 2844606 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 27744052 18999364 7547394 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 2174193 1124332 OTHER PROGRAMS 2174193 1124332 41824952 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 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 0 0 0 0 1 114 0 1 1134 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X LORI PETERSON 4064474300 1601 NORTH BENTON HELENA MT 59625 TERRY COSGROVE 2.00 X 0 0 0 BILL LESTER 2.00 X 0 0 0 RICHARD ANDERSON 2.00 X 0 0 0 REV STANLEY MALNAR 2.00 X 0 0 0 REV THOMAS FLYNN 2.00 X 0 0 0 DANNETTE SULLIVAN 2.00 X 0 0 0 DR DON OLSON 2.00 X 0 0 0 SR CONSTANCE PHELPS 2.00 X 0 0 0 SARAH POWER 2.00 X 0 0 0 BISHOP GEORGE L THOMAS 2.00 X 0 0 0 HARLAN SHROPSHIRE 2.00 X 0 0 0 CAROLINE BOITANO 2.00 X 0 0 0 JE SHAUN CORETTE III 2.00 X 0 0 0 MARY ANN MILHOUS 2.00 X 0 0 0 MARK SEMMENS 2.00 X X 0 0 0 REV THOMAS HAFFEY 2.00 X 0 0 0 RAYMOND KUNTZ 2.00 X 0 0 0 BEN NIEDERMEYER 2.00 X 0 0 0 JOHN WALDA 2.00 X 0 0 0 ANNIE GOODWIN 2.00 X 0 0 0 EUGENE MALLETTE 2.00 X 0 0 0 DR ALBERT OLSZEWSKI 2.00 X 0 0 0 THOMAS WALSH 2.00 X 0 0 0 WILLIAM WAR 2.00 X 0 0 0 THOMAS EVANS 40.00 X X 119595 0 14423 THOMAS TREBON 40.00 X X 150283 0 0 THOMAS MCARVEL 40.00 X 120088 0 17785 MARK PARKER 40.00 X 70885 0 17642 JAMES HARDWICK 40.00 X 98932 0 5226 ANTONINA LOCOCO 40.00 X 103470 0 11616 LORI PETERSON 40.00 X 111396 0 17468 PAULA MCNUTT 40.00 X 166618 0 14850 BRUCE PARKER 40.00 X 102362 0 11345 1043629 0 110355 9 0 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2337608 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 PRINTING/PUBLICATION MATERIALS 516901 ELLUCIAN INC 4376 FAIR LAKES CT FAIRFAX VA 22033 SYSTEM TRAINING, TECH SUPPORT 334931 LIME TWIG GROUP 2415 MISSION ST SAN MARINO CA 91108 PRINTING/PUBLICATION MATERIALS 219657 G & L TRANSIT 1310 BIRCH ST HELENA MT 59601 TRANSPORTATION 173101 10 2144885 5514266 1030519 7659151 TUITION AND FEES 611600 37116680 37116680 AUXILIARY ENTERPRISES 611600 6804413 6804413 OTHER SOURCES 611600 1124332 1124332 ATHLETICS 611600 742981 742981 45788406 731853 731853 373672 67912 305760 305760 305760 1624166 5760 1017502 5760 606664 0 606664 606664 961718 818155 143563 143563 55235397 45788406 0 1787840 18999364 18999364 1115447 452236 516148 147063 13030080 10629327 1781386 619367 536214 420855 86503 28856 1455981 1038245 359208 58528 1201382 946269 191508 63605 1979644 741341 1180172 58131 1986126 1306845 479520 199761 609136 55782 553354 2006740 1525989 264680 216071 2500653 2138358 362295 720267 758163 -37896 2373495 1569166 796652 7677 SUPPLIES 1297060 992995 267387 36678 PERIODICALS 39266 39266 285668 210751 74917 50136523 41824952 6800917 1510654 4231711 3785771 841734 573835 2696816 2792642 329726 352168 452575 233055 67648821 38214425 30395502 29434396 24817810 33563247 7108832 7721740 315403 2498527 71190109 80955381 2018227 3251213 901679 785542 14972532 14488777 4781468 4720391 22673906 23245923 X 18012008 21462824 8866988 12738749 21637207 23507885 48516203 57709458 71190109 80955381 X 5098874 2969167 1125214 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 32596006 1603009 4137829 -4403629 769650 41970823 28098176 4204504 398103 -361781 466558 32596006 24610239 862445 3470134 646769 197873 28098176 23088762 1204284 1297200 -1479992 2459999 24610239 26998737 1579103 -4341677 -1788618 2936019 23088762 0.27000 0.56000 0.17000 0 0 872868 872868 54128746 27823660 26305086 11160551 9220365 1940186 1486656 1170400 316256 29434396 INTEREST - CHARITABLE TRUSTS 4477885 F NON-LIQUID ASSETS 314717 F RESTRICTED CASH 172179 F REAL ESTATE INVESTMENT 2236959 F OTHER INVESTMENTS 520000 C 7721740 STUDENT DEPOSITS 53633 ANNUITIES PAYABLE 1221246 OTHER LIABILITIES 30057 FAIR VALUE OF SWAP CONTRACT 2415455 REFUNDABLE ADVANCE 1000000 4720391 X 41431691 2969167 12679 886067 3867913 37563778 17671619 17671619 55235397 33363651 12679 886068 898747 32464904 17671619 17671619 50136523 PART III, LINE 4: VARIOUS ART PIECES ARE DISPLAYED ON CAMPUS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT WILL BE USED TO FUND SCHOLARSHIPS AND GENERAL OPERATIONS OF THE COLLEGE AND SUPPORTS EDUCATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) HAS ISSUED AN INTERPRETATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS INTERPRETATION ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND A DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAX AUTHORITIES FORYEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED ON RETURN 67,912. COST OF GOODS SOLD 818,155. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 17,671,619. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 818,155. RENTAL EXPENSES NETTED ON RETURN 67,912. MISCELLANEOUS ADJUSTMENT TO AGREE RETURN TO AUDITED FINANCIAL STATEMENTS 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 17,671,619. 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 CARROLL COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AGE, SEX, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. CARROLL COLLEGE DOES NOT DISCRMINATE ON THE BASIS OF RACE, COLOR, AGE, SEX, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PAYMENTS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: PERKINS LOAN PROGRAM COLLEGE WORK-STUDY PROGRAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM PELL GRANT PROGRAM MONTANA GUARANTEED STATE LOAN PROGRAM 1 ENDOWED SCHOLARSHIPS 325 817774 CASH GRANTS 116 587058 FEDERAL SEOG 196 66076 FEDERAL TEACH GRANTS 2 6000 FEDERAL PELL 326 1255669 VARIOUS FINANCIAL AID PROGRAMS 1413 16266787 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CARROLL COLLEGE AND FEDERAL NEED-BASED GRANTS AND SCHOLARSHIPS ARE AWARDED BASED ON THE RESULTS OF THE FEDERAL FAFSA AND NEEDS ANALYSIS. NEW STUDENT MERIT SCHOLARSHIPS ARE BASED ON HIGH SCHOOL GPA AND TEST SCORES OR TRANSFER GPA FOR TRANSFER STUDENTS. STATE GRANT REPORTING IS COMPLETED EACH YEAR AFTER THE ACADEMIC YEAR IS COMPLETED. FEDERAL FISAP REPORTING IS COMPLETED PRIOR TO OCTOBER OF EACH YEAR FOLLOWING THE COMPLETION OF THE ACADEMIC YEAR. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS TREBON 150283 0 0 0 0 0 0 0 0 0 150283 0 0 0 PAULA MCNUTT 166618 0 0 0 0 0 8354 0 6496 0 181468 0 0 0 BRUCE PARKER 102362 0 0 0 0 0 4621 0 6724 0 113707 0 0 0 A LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2008-07-01 2800000 HIGHER ED REVENUE 0 0 0 B CITY OF HELENA MONTANA 816001276 42312P0AA 2002-11-01 2500000 STUDENT CENTER 0 0 0 C CITY OF HELENA MONTANA 816001276 42312P0AA 2002-11-01 12500000 TRINITY HALL DORM 0 0 0 D LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2013-06-01 4250000 STUDENT HOUSING 0 0 0 A 2800000 25849 2774151 2008 0 0 1 1 B 2500000 90000 2500000 2003 1 0 1 1 C 12500000 161250 79000 76088 12344912 2003 0 0 1 1 D 4250000 85000 4165000 2013 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 X 10 330519 MARKET VALUE-GIFT DATE X 1 700000 MARKET VALUE - GIFT DATE X CAMPUS FURNITURE 1 24812 MARKET VALUE-GIFT DATE X PUBLIC SERVICE ANNOUNCEMENTS 1 9216 MARKET VALUE-GIFT DATE X PHONE SYSTEM 1 5280 MARKET VALUE-GIFT DATE X LIFE ESTATE 1 308657 MARKET VALUE-GIFT DATE 1 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE USES APPROPRIATELY CERTIFIED PROFESSIONALS TO SELL NON-CASH GIFTS (SUCH AS SHARES OF STOCK OR REAL ESTATE) ON BEHALF OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 3 FOOD SERVICES ON CAMPUS ARE PROVIDED THROUGH SODEXO AMERICA, LLC. THE TERMS OF THE CONTRACT ARE NEGOTIATED AT ARM'S LENGTH TO DETERMINE THAT THE COLLEGE WILL PAY NO MORE THAN THE FAIR MARKET VALUE OF THE SERVICES PROVIDED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 TAX RETURN IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS, AND IS REVIEWED BY THE VP OF FINANCE AND ADMINISTRATION AND THE COLLEGE PRESIDENT BEFORE BEING SIGNED AND ISSUED. A COPY OF THE 990 TAX RETURN IS POSTED ON THE CARROLL COLLEGE INTRA-NET FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY, AND TO INDICATE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF A TOPIC. ANY DISCLOSURE IS NOTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE BOARD OF TRUSTEES, USING A PEER GROUP SALARY COMPARISON OF ROUGHLY 77 SIMILAR INSTITUTIONS. THE COLLEGE PRESIDENT'S CONTRACT IS REVIEWED BY THE FULL BOARD OF TRUSTEES. COMPENSATION OF ALL OTHER STAFF AND FACULTY IS DETERMINED BY COLLEGE POLICY AND FINANCIAL RESOURCES, INCLUDING A COMPARISON TO A PEER GROUP OF ROUGHLY 77 SIMILAR INSTITUTIONS. SALARY INCREASES ARE APPROVED BY THE BOARD AS PART OF APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP CONTRA 1,125,214. OVERSIGHT OF AUDIT 990 PART XII, LINE 2C CARROLL HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.