2012-03-01T14:18:56-06:00 2011-06-30 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-07-01 410693968 CROWN COLLEGE CROW 9524464100 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 553759001 DAVID S TARRANT 9524464100 2012-03-01 1 XIAOYAN LUO 6123764500 2010 2016-02-24 21:20:13Z DR RICHARD P MANN 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 553759001 29072531 0 X WWW.CROWN.EDU X 1916 MN TO PROVIDE A CHRISTIAN-BASED EDUCATION WITHOUT REGARD TO RACE, GENDER, AGE, HANDICAP OR ETHNICITY 17 16 633 16 52802 -23838 1461066 1669261 20194817 20390385 71944 93637 -14950 -17803 21712877 22135480 4655140 4823472 0 0 9407753 9773948 0 0 305603 7665899 7665893 21728792 22263313 -15915 -127833 27917029 27730635 12558886 11902724 15358143 15827911 X THE MISSION OF CROWN COLLEGE IS TO PROVIDE A BIBLICALLY BASED EDUCATION FOR CHRISTIAN LEADERSHIP IN THE CHRISTIAN AND MISSIONARY ALLIANCE, THE CHURCH-AT-LARGE, AND THE WORLD. 0 0 11980142 4516482 12533672 UNDERGRADUATE STUDIESOUR CLASSES WILL EQUIP YOU WITH PROFESSIONAL SKILLS WHILE INTEGRATING THOSE TOOLS WITH YOUR LIFE'S PURPOSE. AS YOU LEARN WHAT ROLES YOU HAVE BEEN CREATED FOR, WE'LL HELP YOU SEE HOW THAT FITS INTO A CAREER. TO PREPARE YOU ACADEMICALLY FOR LIFE'S CALLING, CROWN COLLEGE OFFERS OVER 35 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS OPPORTUNITIES TO STUDY ABROAD AND TO BE PART OF A GREAT HONORS PROGRAM. 1920381 306990 3862297 ADULT AND GRADUATE STUDIESTHE CROWN COLLEGE ADULT & GRADUATE STUDIES (AGS) MISSION IS TO PROVIDE THE EDUCATIONAL EXPERIENCE IN AN ENVIRONMENT SUPPORTIVE OF FAITH AND LEARNING. OUR PROGRAMS ARE PERSONALIZED, GROUNDED BY A CHRISTIAN WORLDVIEW, CONVENIENT AND AFFORDABLE. ALL OF OUR PROGRAMS HAVE TWO TERMS PER YEAR: FALL (AUGUST - JANUARY) AND SPRING (FEBRUARY - JULY). WHETHER YOU ARE LOOKING INTO ONE OF OUR ON-CAMPUS OR ONLINE PROGRAMS, YOU WILL FIND US DEDICATED AND PASSIONATE ABOUT ADULT LEARNING. OUR CHRISTIAN STUDIES CORE IS EVIDENCE THAT THE ADULT AND GRADUATE STUDIES PROGRAM VALUES THE INTEGRATION OF FAITH INTO LEARNING. FEWER AND FEWER CHRISTIAN COLLEGES STILL REQUIRE SOME SORT OF CHRISTIAN STUDIES CORE FOR THEIR STUDENTS, AND CROWN IS INTENT ON KEEPING A STRONG, BIBLICAL FOUNDATION IN EACH OF OUR DEGREE PROGRAMS. WE HIRE FACULTY FOR THEIR SKILLS IN THE CLASSROOM AS WELL AS THEIR VIBRANT FAITH. OUR PROFESSORS BRING UNIQUE EXPERIENCE TO THEIR TEACHING AS THEY RESIDE IN ALL AREAS OF THE COUNTRY AND WORLD: FROM GEORGIA TO CALIFORNIA, FROM HONDURAS TO GABON (AFRICA). 1428480 0 3994416 AUXILIARY ENTERPRISESAUXILIARY EXPENDITURES (FOOD SERVICE, RESIDENCE, BOOKSTORE) IN SUPPORT OF STUDENT EDUCATION. 15329003 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 633 1 1 1 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN CO X X DAVID S TARRANT VICE PRESIDENT - FINANCE 9524464100 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 553759001 RICHARD P MANN 40.00 X X 179819 0 19956 TIMOTHY OWEN 1.00 X X 0 0 0 BOB SOLFELT 1.00 X X 0 0 0 DON WIGGINS 1.00 X X 0 0 0 ROGER ATWOOD 1.00 X 0 0 0 JEFF AUNE 1.00 X 0 0 0 DON BERGLUND 1.00 X 0 0 0 CAROLYN BROCK 1.00 X 0 0 0 ANGEL GARCIA 1.00 X 0 0 0 LARRY GOFF 1.00 X 0 0 0 STEVEN HER 1.00 X 0 0 0 BILL HOGAN 1.00 X 0 0 0 STEVE LIVINGSTONE 1.00 X 0 0 0 ANITA MORRISON 1.00 X 0 0 0 JASON OSTRANDER 1.00 X 0 0 0 JON RICH 1.00 X 0 0 0 LOUIS ROSSETTI 1.00 X 0 0 0 DALE TEAL 1.00 X 0 0 0 JEFF VALENTINE 1.00 X 0 0 0 MICHAEL A SOHM 40.00 X 109464 0 16844 DAVID S TARRANT - VICE PRESIDENT - 40.00 X 99408 0 15927 SCOTT H MOATS - VICE PRESIDENT - 40.00 X 109862 0 16720 498553 0 69447 3 0 1 0 A'VIANDS LLC 1751 W COUNTY ROAD B SUITE 300 ROSEVILLE MN 55113 FOOD SERVICE 1089397 ARAMARK FACILITIES SERVICES 22506 NETWORK PLACE CHICAGO IL 60673 FACILITIES SERVICES 299162 ANGEL LEARNING INC PO BOX 347017 PITTSBURGH PA 15251 ONLINE SERVICES 117855 MATRIX COMMUNICATIONS 171 CHESHIRE LN SUITE 700 PLYMOUTH MN 55441 TELECOMMUNICATION SERVICES 116124 NOEL-LEVITZ 2350 OAKDALE BLVD CORALVILLE IA 52241 ENROLLMENT CONSULTING 116000 5 39985 322805 1306471 24588 1669261 TUITION FEES 611600 15914288 15914288 AUXILIARY ENTERPRISES 611710 3941614 3941614 OTHER STUDENT FEES 532000 534483 52802 481681 20390385 138976 138976 6872409 1500 6916848 2400 -44439 -900 -45339 -45339 0 39985 17803 -17803 -17803 22135480 15868949 52802 4544468 4823472 4823472 615622 122670 492952 7055205 5410409 1492475 152321 243655 191341 46858 5456 1293708 1007840 257363 28505 565758 413635 140678 11445 305531 305531 21014 10287 10727 114535 6700 107835 373855 299594 65104 9157 358702 91844 256768 10090 581218 335733 208624 36861 269408 100550 168858 854777 854777 616159 554781 43376 18002 33456 17514 8050 7892 1320489 1320489 278184 42500 235684 FOOD SERVICE 985492 985492 EQUIP RENTAL & MAINT 393281 21007 372274 COST OF MERCHANDISE 328844 328844 EQUIPMENT PURCHASES 199535 143095 55131 1309 HUMAN RESOURCES 96208 30188 61520 4500 535205 401794 124073 9338 22263313 15329003 6628707 305603 202295 190740 4452519 1615830 637516 329456 99990 85857 101423 245564 29475391 11659114 17774948 17816277 2499397 4049197 881301 2217247 1267640 1180467 27917029 27730635 733429 723354 254582 282134 6268875 5861906 44405 1143 3157959 2904671 74442 48628 2025194 2080888 12558886 11902724 X 8496315 9004374 467622 334703 6394206 6488834 15358143 15827911 27917029 27730635 X -127833 597601 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 6203043 113694 688315 212540 6792512 5718411 68436 587779 171583 6203043 6656848 115058 -857791 195704 5718411 0.14000 0.86000 0.00000 1 0 310747 310747 22784482 8141597 14642885 5934285 3466745 2467540 445877 50772 395105 17816277 BENEFICIAL INTEREST IN PERPETUAL TRUST 421423 F OTHER INVESTMENTS 94715 F REITS 550000 F FIXED/VARIABLE ANNUITIES 1151109 F 2217247 STUDENT AID - GOVERNMENT PORTION 1015041 ASSET RETIREMENT OBLIGATION 1057847 DEPOSIT AGREEMENTS 8000 2080888 22135480 22263313 -127833 597601 597601 469768 17463741 597601 17803 615404 16848337 5287143 5287143 22135480 17457644 17803 17803 17439841 4823472 4823472 22263313 PART IV, LINE 2B: THE COLLEGE FUNDS STUDENT ORGANIZATIONS AND ACTIVITIES THROUGH ITS ANNUAL BUDGET. ANY FUNDS NOT UTILIZED WITHIN A YEAR ARE HELD AS "DEPOSITS" FOR THE ORGANIZATIONS TO UTILIZE IN SUCCEEDING YEARS. STUDENT ORGANIZATIONS COMPLETE A MONEY REQUISITION FORM TO REQUEST PAYMENT OR REIMBURSEMENT FROM THOSE FUNDS. COLLEGE EMPLOYEES SERVE AS ADVISORS TO THOSE ORGANIZATIONS AND SIGN THE FORM AS THE PERSON AUTHORIZING PAYMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF APPROXIMATELY 130 INDIVIDUAL FUNDS ESTABLISHED FOR THREE PRIMARY PURPOSES: SCHOLARSHIP FUNDS, LOANS TO STUDENTS, AND FUNDING ACADEMIC SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE 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 COLLEGE 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 THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE'S TAX RETURNS ARE OPEN TO EXAMINATIONS FOR THE YEARS 2007 THROUGH 2010. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 17,803. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANT EXPENSES 4,823,472. INVESTMENT INCOME GREATER THAN SPENDING RATE 463,671. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 17,803. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANT EXPENSES 4,823,472. THE COLLEGE HAS CERTAIN BUILDINGS THAT CONTAIN ASBESTOS AND WILL REQUIRE REMEDIATION IN THE FUTURE. THE LIABILITY HAS BEEN PROPERLY RECOGNIZED, THE COLLEGE HAS NOT SET A DATE TO REMEDIATE THE ASBESTOS. 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 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS LISTED ON ITS WEBSITE, IN THE COLLEGE CATALOG, AND ON ITS APPLICATIONS (ADMISSIONS AND EMPLOYMENT). EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL AND STATE WORK-STUDY FUNDS. STUDENTS ARE ELIGIBLE FOR FEDERAL AND STATE GRANTS. PRESIDENT'S GALA 39985 39985 1310 6655 5500 4338 39985 39985 1310 6655 5500 4338 17803 -17803 1 CROWN COLLEGE SCHOLARSHIPS & GRANTS 778 4634028 N/A N/A FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 111 189444 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: IN ORDER TO BE AWARDED INSTITUTIONAL FUNDS, STUDENTS MUST BE ENROLLED FULL-TIME AND MAKING SATISFACTORY PROGRESS. UNDERGRADUATE ON-CAMPUS STUDENTS COMPLETE A CROWN FINANCIAL AID APPLICATION TO HELP DETERMINE ELIGIBILITY FOR SCHOLARSHIPS, GRANTS AND DISCOUNTS. SCHOLARSHIPS, GRANTS AND DISCOUNTS ARE AWARDED BASED ON MERIT AND SPECIFIC CRITERIA. THE CROWN GRANT IS NEED-BASED USING PERCENTAGES AND MINIMUM AWARD ADAPTED FROM NOEL-LEVITZ. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 RICHARD P MANN 146632 0 0 0 33187 0 14112 0 5844 0 199775 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE - DR. RICHARD MANN - $22,700 - INCLUDED IN TAXABLE INCOME PART I, LINE 1B THE PRESIDENT'S HOUSING ALLOWANCE IS DETERMINED ANNUALLY BY THE BOARD OF TRUSTEES AND THE PRESIDENT AS PART OF THE PROCESS OF DETERMINING HIS SALARY. THE BOARD AND PRESIDENT SEEK AN AMOUNT THAT IS REASONABLE IN THE CURRENT MARKET AND IS COMPARABLE TO THOSE RECEIVED BY PRESIDENTS OF SIMILAR COLLEGES IN SIMILAR MARKETS. CITY OF ST BONIFACIUS MINNESOTA 411253357 2006-12-27 7465200 RENOVATIONS & REFUNDING 0 0 0 7465200 149302 1000000 6315898 2009 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE COLLEGE HAS AN EXECUTIVE COMMITTEE, COMPRISED OF THE PRESIDENT OF THE COLLEGE, THE THREE OFFICERS OF THE BOARD OF TRUSTEES, AND FOUR AT-LARGE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ELECTS SIX MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE FUNCTIONS WITHIN THE FRAMEWORK OF POLICIES ESTABLISHED BY THE BOARD OF TRUSTEES AND REPORTS TO THE FULL BOARD ALL ACTIONS TAKEN. FORM 990, PART VI, SECTION A, LINE 7A THE NORTHWESTERN, MIDWEST, ROCKY MOUNTAIN, SOUTHWESTERN, MID-AMERICA, AND WESTERN GREAT LAKES DISTRICTS OF THE CHRISTIAN AND MISSIONARY ALLIANCE ELECT THREE TRUSTEES, RESPECTIVELY. THE HMONG AND SPANISH CENTRAL INTERCULTURAL DISTRICTS ELECT ONE TRUSTEE EACH. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS MUST BE APPROVED BY THE BOARD OF MANAGERS OF THE CHRISTIAN AND MISSIONARY ALLIANCE: 1. APPOINTMENT OF THE PRESIDENT OF THE COLLEGE. 2. ADDITION, AMENDMENT OR REPEAL OF THE ARTICLES OF INCORPORATION OR BYLAWS OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND MANAGEMENT EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. IF A POTENTIAL CONFLICT ARISES: 1. THE PROPOSED TRANSACTION IS REPORTED TO THE CHAIR OF THE BOARD OR PRESIDENT AND APPROVED IN ADVANCE BY THE BOARD. 2. THE BOARD RECORD MUST DEMONSTRATE THAT THE TRANSACTION IS TRULY IN THE BEST INTEREST OF THE COLLEGE, AS PROVIDED BY A COMPETITIVE BID OR COMPARATIVE EVALUATION, AND THAT IT DOES NOT VIOLATE STATE LAW. 3. THE CONFLICTED INDIVIDUAL IS EXCUSED DURING THE PROCESS OF BOARD DELIBERATION AND VOTING, OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO ANSWER QUESTIONS. 4. IN CERTAIN CASES, ANOTHER BOARD MEMBER MAY BE ASSIGNED TO ACT ON BEHALF OF THE COLLEGE IN DEALING WITH THE TRANSACTION TO ASSURE THAT NORMAL CORPORATE CONTROLS AND ACCOUNTABILITY ARE MAINTAINED. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE PRESIDENT IN RELATION TO PEER INSTITUTION AVERAGES. THIS PROCESS LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN 2009 FOR THE PRESIDENT, R. MANN. THE PRESIDENT SETS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IN RELATION TO PEER INSTITUTION AVERAGES. THIS PROCESS WAS LAST UNDERTAKEN IN 2011 FOR THE EXECUTIVE VICE PRESIDENT, M. SOHM; VICE PRESIDENT - FINANCE, D. TARRANT; AND VICE PRESIDENT - ACADEMICS, S. MOATS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS NOR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 597,601.