2013-02-21T10:19:13-06:00 2012-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH STREET PO BOX 5125 SIOUX FALLS SD 571175125 990 2011-07-01 460283336 MOUNT MARTY COLLEGE MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 DR JOSEPH BENOIT 6056681514 2013-02-13 1 LAURIE HANSON P00851848 6053391999 2013-02-13 2011 2016-03-07 17:11:31Z DR JOSEPH BENOIT 1105 WEST 8TH STREET YANKTON SD 57078 18335071 0 X WWW.MTMC.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 27 27 577 40 0 0 2868580 1766607 13029400 13508129 594892 301037 1073556 1243259 17566428 16819032 4470218 4603695 0 0 7233297 7665860 0 0 0 4311316 4633997 16014831 16903552 1551597 -84520 33509321 31973813 5540887 4590480 27968434 27383333 MOUNT MARTY COLLEGE, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 15795105 4603695 14751388 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1240 STUDENTS. 15795105 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 61 0 1 577 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X LISA FRENG 6056681566 1105 WEST 8TH STREET YANKTON SD 57078 JEAN REED 2.50 X X 0 0 0 JEFF WOLFGRAM 2.50 X X 0 0 0 SR CLARICE KORGER 2.50 X X 0 0 0 MICHAEL HEALY 2.50 X X 0 0 0 SR PENNY BINGHAM 1.30 X 0 0 0 FR JAMES BREAM 1.30 X 0 0 0 SR MILDRED BUSCH 1.30 X 0 0 0 SR MARLENE STETZ 1.30 X 0 0 0 GERRY LIKNESS 1.30 X 0 0 0 SR NORMA NORTON 1.30 X 0 0 0 MARLENE RANCE 1.30 X 0 0 0 KATHY NORDSTROM 1.30 X 0 0 0 SR MARIETTA KERKVLIET 1.30 X 0 0 0 DR WILLIAM CAHOY 1.30 X 0 0 0 DR RICHARD FOSTER 1.30 X 0 0 0 KATHRYN HIGGINS 1.30 X 0 0 0 ARLENE HEINE 1.30 X 0 0 0 TOM HARMON 1.30 X 0 0 0 DAN SPECHT 1.30 X 0 0 0 SR RAMONA FALLON 1.30 X 0 0 0 STEVE SLOWEY 1.30 X 0 0 0 JP DUNIPHAN 1.30 X 0 0 0 PEGGY FRANK 1.30 X 0 0 0 SCOTT SWIER 1.30 X 0 0 0 CHAD EKROTH 1.30 X 0 0 0 JAMES WINTZ 1.30 X 0 0 0 ROBERT ZYLSTRA 1.30 X 0 0 0 DR JOSEPH BENOIT 60.00 X 81494 0 13051 DAISY HALVORSON 40.00 X 81205 0 13753 ALFRED LUPIEN 40.00 X 134586 0 6729 LARRY DAHLEN 40.00 X 121006 0 20378 418291 0 53911 2 0 0 0 ARAMARK 1105 WEST 8TH STREET YANKTON SD 57078 FOOD SERVICE 840124 ARTHUR J GALLAGHER RISK MANAGEMENT 39746 TREASURY CENTER CHICAGO IL 606949700 CONSULTING 168504 FEH ASSOCIATES 701 PIERCE ST STE 100 SIOUX CITY IA 51101 PLANNING & DRAWINGS 138289 ELLUCIAN 4375 FAIR LAKES CT FAIRFAX VA 22033 IT SOFTWARE/MAINTENANCE 136518 HIGH PLAINS TECHNOLOGY 5708 S REMINGTON PL SIOUX FALLS SD 57108 IT SOFTWARE/MAINTENANCE 108856 5 444470 1322137 62220 1766607 TUITION & FEES 611710 13508129 13508129 13508129 426974 426974 14495 0 14495 14495 14495 125937 -125937 -125937 -125937 2618866 1390102 1228764 1228764 16819032 14751388 0 301037 4603695 4603695 298675 298675 6161089 5876126 284963 217525 199215 18310 510915 496956 13959 477656 429890 47766 97176 40937 56239 50903 15378 35525 43588 43588 103160 103160 182528 182528 382748 287061 95687 135008 135008 44241 44241 1029291 771968 257323 INSTITUTIONAL SUPPORT 1042043 1042043 SUPPLIES 666713 666713 EQUIPMENT RENTAL & MAIN 467914 467914 STUDENT LIFE 168866 168866 219818 219818 16903552 15795105 1108447 0 4909437 4041045 1065165 598960 1558201 1609201 62698 57770 347384 359936 24758769 13871054 11287730 10887715 14278706 14419186 33509321 31973813 1580388 878198 791087 883102 1198401 983438 30000 18000 1941011 1827742 5540887 4590480 X 13784594 12944424 1312943 1182611 12870897 13256298 27968434 27383333 33509321 31973813 X -84520 -500580 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15323682 385404 -243768 400000 89813 14975505 12931375 357663 2531443 400000 96799 15323682 11920576 242705 1425501 550000 107409 12931375 14496722 186012 -2742976 43764 62944 11920576 0.11480 0.88520 0.00000 0 0 936522 936522 17744897 9785357 7959540 4446623 3274071 1172552 1630727 811626 819101 10887715 DEPOSITS PAYABLE 102485 CHARITABLE REMAINDER UNITRUST 198000 REFUNDABLE US GOVT STUDENT LOANS 1527257 1827742 16819032 16903552 -84520 -500580 -500580 -585100 13104858 -500580 1390102 889522 12215336 4603697 4603697 16819033 13689958 1390102 1390102 12299856 4603697 4603697 16903553 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE COLLEGES INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,390,102. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,603,697. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,390,102. PART XIII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 4,603,697. 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 COLLEGE CATALOG, NEWSPAPER, AND BROADCAST MEDIA EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE COLLEGE, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. 1 SCHOLARSHIPS 420 2520598 BOOK VALUE STUDENT FAMILY DISCOUNTS 27 45925 BOOK VALUE RELIGIOUS DISCOUNTS 4 10954 BOOK VALUE TALENT AWARDS 50 78721 BOOK VALUE ATHLETIC GRANTS 179 703618 BOOK VALUE NEED BASED GRANTS 340 833848 BOOK VALUE SPECIAL NEEDS 44 69326 BOOK VALUE ROTC 2 11836 BOOK VALUE FSEOG AND MOUNT MARTY COLLEGE MATCHING AMOUNT 162 140200 BOOK VALUE TEACHER 13 48000 BOOK VALUE SD EQUAL OPPORTUNITY SCHOLARSHIPS 52 60000 BOOK VALUE AMERICA READS 10 5589 BOOK VALUE AMERICA COUNTS 10 5648 BOOK VALUE CATHOLIC LEADERSHIP 75 53500 BOOK VALUE DAKOTA CORPS 2 15380 BOOK VALUE MISCELLANEOUS 1 552 BOOK VALUE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X 400 COST, VALUE X EQUIPMENT 1 29839 COST, VALUE X REPAIRS TO PRESIDENT'S HOUSE 1 15498 COST, VALUE X GOLF TOURNAMENT PRIZES AND FOOD 12 5672 COST, VALUE X BOARD OF DIRECTORS GIFTS IN KIND 12 6638 COST, VALUE X MISCELLANEOUS 18 2549 COST, VALUE X HOTEL/TRAVEL DISCOUNTS 3 1625 COST, VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE COLLEGE AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE COLLEGE; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE COLLEGE AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE COLLEGE; (E) TO AMEND THE BYLAWS OF THE COLLEGE; (F) TO OVERSEE THE COLLEGE'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE COLLEGE'S FINANCIAL POSITION; (G) TO RECEIVE THE COLLEGE'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE COLLEGE, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE COLLEGE; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE 990, AND A RECOMMENDATION IS MADE TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS IS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. A 3% AVERAGE COMPENSATION INCREASE WAS ALLOCATED FOR THE YEAR ENDED 6/30/12. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -500,580. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1