2012-05-03T10:50:36-05:00 2011-06-30 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2010-07-01 951641455 MOUNT ST MARY'S COLLEGE MOUN 3109544040 12001 CHALON RD LOS ANGELES CA 90049 CHRIS K MCALARY 2134772515 2012-04-19 1 LAWRENCE H MOHR CPA 6128764500 2010 2016-02-24 21:20:13Z ANN MCELANEY-JOHNSON 12001 CHALON RD LOS ANGELES CA 90049 107821539 0 0928 X WWW.MSMC.LA.EDU X 1925 CA MOUNT ST. MARY'S COLLEGE IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION FOUNDED BY THE SISTERS OF ST. JOSEPH IN CALIFORNIA (PROVINCIALATE), KNOWN AS THE LOS ANGELES PROVINCE OF THE SISTERS OF ST. JOSEPH OF CARONDELET, A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. THE COLLEGE WAS FOUNDED IN 1925 BY THE SISTERS OF ST. JOSEPH AND HAS OPERATED CONTINOUSLY SINCE THAT DATE. THE OBJECTIVE OF MOUNT ST. MARY'S COLLEGE AS A NONPROFIT EDUCATIONAL INSTITUTION IS SERVICE. THE COLLEGE HAS DEVOTED ITSELF TO EXCELLENCE IN LIBERAL ARTS AND SCIENCES AND GRANTS DEGREES IN ASSOCIATE, BACCALAUREATE AND MASTERS PROGRAMS, WITH A SPECIAL FOCUS ON THE EDUCATION OF WOMEN FOR LEADERSHIP POSITIONS IN OUR SOCIETY. 25 24 1733 219 9046 -5092 9979551 9041816 63430674 75623089 1828658 5365996 1784411 1257921 77023294 91288822 15504449 18564676 0 0 33562415 36772723 35711 42439 1133613 20662495 25598133 69765070 80977971 7258224 10310851 165224611 190871524 12474198 16381761 152750413 174489763 X MOUNT ST. MARY'S COLLEGE OFFFERS A DYNAMIC LEARNING EXPERIENCE IN THE LIBERAL ARTS AND SCIENCES TO A DIVERSE STUDENT BODY. AS A CATHOLIC COLLEGE PRIMARILY FOR WOMEN, WE ARE DEDICATED TO PROVIDING A SUPERIOR EDUCATION ENHANCED BY AN EMPHASIS ON BUILDING LEADERSHIP SKILLS AND FOSTERING A SPIRIT TO SERVE OTHERS. OUR MEASURE OF SUCCESS IS GRADUATES WHO ARE COMMITTED TO USING THEIR KNOWLEDGE AND SKILLS TO BETTER THEMSELVES, THEIR ENVIRONMENTS, AND THE WORLD. 0 0 63465799 18223696 67989520 INSTRUCTION: MOUNT ST. MARY'S COLLEGE PROVIDES VALUES BASED TRADITIONAL UNDERGRADUATE EDUCATION FOR WOMEN, AS WELL AS, INNOVATIVE NON-TRADITIONAL UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR WOMEN AND MEN. THE COLLEGE'S ACADEMIC PROGRAMS PLACE A STRONG EMPHASIS ON SOCIAL AND ETHICAL VALUES CONSISTENT WITH A VIEW OF COMPASSIONATE COMMUNITY INVOLVEMENT. THE COLLEGE COMPLETED IN 2009 A MAJOR CAPITAL CAMPAIGN ADDING OVER $10.6 MILLION IN NEW AND RENOVATED INSTRUCTIONAL FACILITIES. SINCE ITS INCEPTION, THE COLLEGE HAS GRANTED MORE THAN 17,600 DEGREES. DURING THE FISCAL YEAR ENDED JUNE 30, 2011, THE COLLEGE ENROLLED APPROXIMATELY 1,600 FULL-TIME EQUIVALENT (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 450 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 510 FTE GRADUATE STUDENTS. 5218082 340980 8491396 AUXILIARY ENTERPRISES: MOUNT ST. MARY'S COLLEGE AUXILIARY ENTERPRISES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND PARKING FACILITIES. THE COLLEGE COMPLETED IN 2009 A MAJOR CAPITAL CAMPAIGN ADDING OVER $19.6 MILLION IN NEW AND RENOVATED RESIDENCE, DINING, AND PARKING FACILITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2011, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 680 UNDERGRADUATE STUDENTS. 68683881 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 1 0 0 0 0 1 141 0 1733 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 25 24 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SHAWN MCCOWN 2134772515 12001 CHALON ROAD LOS ANGELES CA 90049 JACQUELINE POWERS DOUD 40.00 X X 361076 0 40821 MICHAEL A ENRIGHT 0.50 X 0 0 0 HELEN S ASTIN 0.50 X 0 0 0 JAMES R BELARDI 0.50 X 0 0 0 THOMAS J BLUMENTHAL 0.50 X 0 0 0 JAMES A COLE 0.50 X 0 0 0 MSGR CLEMENT J CONNOLLY 0.50 X 0 0 0 KATHLEEN M DUNCAN 0.50 X 0 0 0 CATHY FICKES 0.50 X 0 0 0 MARK FOSTER 0.50 X 0 0 0 SR JOAN HENEHAN CSJ 0.50 X 0 0 0 PHYLLIS L HENNIGAN 0.50 X 0 0 0 THE HONORABLE JANE JOHNSON 0.50 X 0 0 0 JOSEPH KEARNS 0.50 X 0 0 0 SR CATHERINE MARIE KRETA CSJ 0.50 X 0 0 0 KARL H LORING 0.50 X 0 0 0 MONICA LUECHTEFELD 0.50 X 0 0 0 JUDITH MCDONALD 0.50 X 0 0 0 JOAN OTOMA-CORGEL 0.50 X 0 0 0 SR MARY PATRICIA ROSHOLT CSJ 0.50 X 0 0 0 DR JACK H SCHUSTER 0.50 X 0 0 0 JANNE SHIRLEY 0.50 X 0 0 0 SR BARBARA ANNE STOWASSER CSJ 0.50 X 0 0 0 GRACE WICKERSHAM 0.50 X 0 0 0 VAL ZAVALA 0.50 X 0 0 0 ELEANOR SIEBERT 40.00 X 201466 0 20461 CHRISTOPHER K MCALARY 40.00 X 196890 0 17746 LAWRENCE SMITH 40.00 X 184466 0 23751 JANE LINGUA 40.00 X 178196 0 23028 STEPHANIE CUBBA 40.00 X 61245 0 6477 ROSANNE J CURTIS 40.00 X 161741 0 20776 HEATHER BROWN 40.00 X 147445 0 16725 SHAWN K MCCOWN 40.00 X 119668 0 21595 DAVID LEESE 40.00 X 118308 0 25023 DEAN KILGOUR 40.00 X 110433 0 15573 PAUL CRAFT 40.00 X 105559 0 23601 1946493 0 255577 11 1 1 0 BLUE SHIELD OF CALIFORNIA PO BOX 25208 SANTA ANA CA 927995208 INSURANCE 2684761 BON APPETIT 12001 CHALON ROAD LOS ANGELES CA 90049 RESTAURANT MANAGEMENT 1963545 SUNGARD COLLEGIS INC 13377 COLLECTION CENTER DR CHICAGO IL 60693 COMPUTER SUPPORT 1822972 CHRISTIAN BROTHERS RISK POOLING 1205 WINDHAM PARKWAY ROMEOVILLE IL 60446 INSURANCE 757554 SISTERS OF ST JOSHEPH 11999 CHALON ROAD LOS ANGELES CA 90049 INSTRUCTION 753129 31 336510 276451 3653336 4775519 197080 9041816 TUITION AND FEES 611710 67989520 67989520 HOUSING 721310 4052499 4052499 FOOD SERVICE 721310 3581070 3581070 75623089 1361760 -1407 1363167 101945 162439 -60494 -60494 10453 -70947 20139768 16135532 4004236 4004236 4004236 33790 336510 234746 -200956 -200956 DA CAMERA SOCIETY 611710 780317 780317 MISCELLANEOUS 611710 475900 475900 FILM INCOME 611710 185644 185644 77510 77510 1519371 91288822 76480916 9046 5757044 18564676 18564676 1320104 1320104 28140108 25016306 2535759 588043 1708018 1329795 337226 40997 3569480 2779055 704748 85677 2035013 1584380 401787 48846 3276683 2194077 929218 153388 172708 171933 775 145890 6800 139090 42439 42439 335396 335396 1766724 1426292 327155 13277 741222 724088 15036 2098 6231701 5231819 863202 136680 3426138 2591646 834492 1378114 1255879 122235 315868 270366 35945 9557 167863 144706 21180 1977 361764 338396 23368 389452 289970 99482 3605582 3389247 216335 502577 787 501790 BUILDING MAINTENANCE 1104905 1045000 59905 MISCELLANEOUS 837414 500596 326959 9859 BAD DEBT EXPENSE 710005 710005 CANCELLATION COSTS 128127 128127 80977971 68683881 11160477 1133613 30013 28655 13637685 10447753 1666838 974503 8486632 9067043 881014 871552 97255800 31607704 57315450 65648096 59751961 69215286 20823711 32403220 2631307 2215416 165224611 190871524 5638873 6945586 4419520 4895592 1055843 3000000 1359962 1540583 12474198 16381761 X 84839934 95461548 22077163 32182809 45833316 46845406 152750413 174489763 165224611 190871524 X 10310851 11428499 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 79628244 6786912 16461736 2716247 335396 99825249 65362751 6498706 10726044 2645422 313835 79628244 78582372 4636357 -15162092 2450331 243555 65362751 0.35000 0.39000 0.26000 1 0 10257364 10257364 74567653 22872530 51695123 10099108 7463570 2635538 2331675 1271604 1060071 65648096 PRIVATE EQUITY 6775535 F PINE GROVE L.P 461113 F NYES LEDGE CAPITAL 11227687 F METROPOLITAN REAL ESTATE 637993 F ANNUITY CONTRACTS 1361257 F MINERAL RIGHTS 660601 F WELLINGTON TRUST COMPANY-DIH 11279034 F 32403220 ANNUITIES PAYABLE 824923 ENVIRONMENTAL REMEDIATION LIABILITY 320500 GOVERNMENT GRANTS REFUNDABLE 395160 1540583 91288822 80977971 10310851 11557756 -129257 11428499 21739350 83703309 11557756 403482 11961238 71742071 335396 19211355 19546751 91288822 61963959 162439 162439 61801520 335396 18841055 19176451 80977971 PART III, LINE 4: THE JOSE DRUDIS-BIADA'S ARTWORK CONSISTS OF 92 WORKS, INCLUDING OIL PAINTINGS, WATERCOLORS AND DRAWINGS. THE ARTWORK IS USED AS A TEACHING TOOL FOR THE STUDENT TO STUDY A SPECIFIC ART MOVEMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX 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 FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES 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. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011 AND 2010. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2008 THROUGH 2010 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGES IN ANNUITY PAYABLE 6,297. DIRECT COSTS FROM FUNDRAISING EVENTS 234,746. GROSS PROCEEDS FROM FUNDRAISING EVENTS -370,300. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 162,439. CHANGES IN ANNUITY PAYABLE 6,297. FUNDRAISING EXPENSES 234,746. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID 18,564,676. BAD DEBT ALLOWANCE ADJUSTMENT 239,250. FILM EXPENSE 37,129. GROSS REVENUE FROM FUNDRAISING EVENTS 370,300. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 162,439. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID 18,564,676. BAD DEBT ALLOWANCE ADJUSTMENT 239,250. FILM EXPENSE 37,129. 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 NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE COLLEGE'S CATALOG AND ADMISSION BROCHURES, AS WELL AS THE WEBSITE AND PRINTED MEDIA PROVIDED TO DONORS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE FEDERAL WORK-STUDY PROGRAM AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT ACTIVITIES 20797055 0 0 0 0 0 0 20797055 0 20797055 1 0 0 0 0 0 X 1 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE SOLICIATION 0 117275 42439 74836 117275 42439 74836 CA GALA EVENT 370300 336510 33790 115488 55314 17654 46290 370300 336510 33790 115488 55314 17654 46290 234746 -200956 1 COLLEGE FUNDED GRANTS/AWARDS FOR STUDENTS 1816 14940010 COLLEGE FUNDED WAIVERS/DISCOUNT FOR STUDENTS 121 869026 PRIVATE DONATIONS - EXPENDABLE FOR STUDENTS 197 1565490 PRIVATE DONATIONS - ENDOWED FOR STUDENTS 347 888611 FEDERAL FUNDED GRANTS/FINANCIAL AID FOR STUDENTS 151 301539 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OFFICE OF STUDENT FINANCING IS RESPONSIBLE FOR THE MONITORING OF ALL STUDENT AID. ALL GRANT AID IS APPLIED DIRECTLY TO THE STUDENT ACCOUNTS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JACQUELINE POWERS DOUD 307167 0 0 0 53909 0 40340 0 481 0 401897 0 0 0 ELEANOR SIEBERT 162420 0 1390 0 37656 0 15980 0 4481 0 221927 0 0 0 CHRISTOPHER K MCALARY 187354 0 1610 0 7926 0 15847 0 1899 0 214636 0 0 0 LAWRENCE SMITH 173915 0 1610 0 8941 0 14915 0 8836 0 208217 0 0 0 JANE LINGUA 169131 0 1610 0 7455 0 14265 0 8763 0 201224 0 0 0 ROSANNE J CURTIS 125191 0 0 0 36550 0 11980 0 8796 0 182517 0 0 0 HEATHER BROWN 130935 0 0 0 16510 0 11845 0 4880 0 164170 0 0 0 PAUL CRAFT 53023 0 0 0 52536 0 8501 0 15100 0 129160 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL - 1 TIME FOR CROSS COUNTRY LATE NIGHT TRAVEL. SOCIAL CLUB DUES - USE OF FACILITIES FOR COLLEGE BUSINESS MEETING AND OTHER RELATED PURPOSES. PART I, LINE 4B PRESIDENT DOUD PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO PAYMENT FROM THIS PLAN HAS BEEN MADE DURING THE YEAR. SISTERS OF ST JOSEPH OF CARONDELET THE PURPOSE OF THE LOAN: FOR THE PURCHASE OF PARKING LOT X 3000000 3000000 0 1 1 3000000 MONICA LUECHTEFELD TRUSTEE 261233 THE COLLEGE PURCHASES OFFICE SUPPLIES FROM OFFICE DEPOT. MS. LUECHTEFLED (TRUSTEE) IS A VP AT OFFICE DEPOT. THE OFFICE SUPPLIES ARE PURCHASED WITHIN THE NORMAL COURSE OF BUSINESS. 0 X 7 197080 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THE COLLEGE HAS BUSINESS RELATIONSHIPS WITH THE SISTERS OF ST. JOSEPH OF CARONDELET. SEVEN OF THE COLLEGE'S BOARD MEMBERS ARE AFFILIATED WITH THIS ORGANIZATION: SISTER MARILYN BINDER, SISTER JOAN HENEHAN, SISTER CATHERINE MARIE KRETA, SISTER MIRIAM THERESE LARKIN, SISTER MARY MCKAY, SISTER JILL NAPIER, SISTER MARY PATRICIA ROSHOLT ARE ON THE BOARD OF TRUSTEES AND BELONG TO THE SAME ORDER (SISTERS OF ST. JOSEPH OF CARONDELET). FORM 990, PART VI, SECTION A, LINE 4 ARTICLE VI, SECTION 2 OF THE BYLAWS WAS CHANGED TO INCREASE THE AMOUNT OF MONEY INVOLVED IN BORROWING OR ENTERING INTO A CONTRACT BY THE BOARD OF TRUSTEES WITHOUT THE WRITTEN CONSENT OF THE MAJORITY OF ALL THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF THE PROVINCIAL SUPERIOR OF THE LOS ANGELES PROVINCE OF THE ROMAN CATHOLIC RELIGIOUS CONGREGATION KNOWN AS "SISTERS OF ST. JOSEPH OF CARONDELET" AND FOUR OR MORE ADDITIONAL MEMBERS OF THE PROVINCIAL COUNCIL OF THE LOS ANGELES PROVINCE OF THE CONGREGATION AS ARE APPOINTED ANNUALLY BY THE PROVINCIAL COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO APPROVE THE SIGNIFICANT DECISIONS MADE BY THE BOARD OF TRUSTEES AT THE ANNUAL MEETING OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE DRAFT OF THE RETURN IN THE MONTH OF FEBRUARY. AFTER HIS REVIEW, THE DRAFT IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION IN THE MONTH OF FEBRUARY. ONCE APPROVED, THE APPROVED DRAFT IS SUBMITTED TO THE BOARD AT THE MARCH MEETING FOR FINAL APPROVAL BEFORE FILING THE RETURN WITH THE IRS BEFORE THE MAY 15 DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C EACH WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED EVERY YEAR AT THE ANNUAL MAY BOARD MEETING BY THE CHAIR OF THE BOARD IN CONJUNCTION WITH THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATION. THE BOARD CHAIR GIVES HIS RECOMMENDATION TO THE COMPENSATION COMMITTEE WHO DETERMINES COMPENSATION. THE PRESIDENT REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO APPROPRIATE PARTIES UPON REQUEST THROUGH REPORTS OR RESPONSES TO QUESTIONNAIRES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 11,557,756. CHANGES IN ANNUITY PAYABLE 6,297. DIRECT COSTS FROM FUNDRAISING EVENTS 234,746. GROSS PROCEEDS FROM FUNDRAISING EVENTS -370,300. TOTAL TO FORM 990, PART XI, LINE 5: 11,428,499. FORM 990 PART XI LINE 2C THERE HAS BEEN NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS. SISTERS OF ST JOSEPH OF CARONDELET 11999 CHALON ROAD LOS ANGELES CA 90049 RELIGIOUS CA 501C(3) 1 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0