PRESENTATION COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PRESENTATION COLLEGE (EIN 46-0280847)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-11
- IRS object ID
- 201221029349300432
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-11T14:24:05-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 24 2ND AVE SW PO BOX 430 | AddressLine1 |
| City | ABERDEEN | City |
| State | SD | State |
| ZIP Code | 574020430 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460280847 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presentation College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 6052298451 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North Main Street | AddressLine1 |
| City | Aberdeen | City |
| State | SD | State |
| ZIP Code | 57401 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Margaret Huber | Name |
| Title | President | Title |
| Phone | 6052298451 | Phone |
| Date Signed | 2012-04-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Melissa White CPA | Name |
| Phone | 6052258783 | Phone |
| Date Prepared | 2012-04-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Margaret Huber | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North Main Street | AddressLine1 |
| City | Aberdeen | City |
| State | SD | State |
| ZIP Code | 57401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 17122974 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 0928 | GroupExemptionNumber |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.presentation.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1951 | YearFormation |
| State Legal Domicile | SD | StateLegalDomicile |
| Activity Or Mission Description | Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 269 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3305693 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3184825 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8249008 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 8234327 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 468838 | InvestmentIncomePriorYear |
| Investment Income Current Year | 380504 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 56381 | OtherRevenuePriorYear |
| Other Revenue Current Year | 42304 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12079920 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11841960 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3132182 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2734363 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6239078 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6423268 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 467681 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3295626 | OtherExpensePriorYear |
| Other Expenses Current Year | 3167494 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12666886 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12325125 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -586966 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -483165 | RevenuesLessExpensesCY |
| Total Assets BOY | 24094744 | TotalAssetsBOY |
| Total Assets EOY | 25129639 | TotalAssetsEOY |
| Total Liabilities BOY | 6324385 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6259679 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 17770359 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 18869960 | NetAssetsOrFundBalancesEOY |
| Mission Description | Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8264326 | Expense |
| Revenue | 7844261 | Revenue |
| Description | Provided educational services at locations in Aberdeen, SD, Eagle Butte, SD, Fairmont, MN, Sioux Falls, SD and online to 422 full time and 296 part time students in Fall 2010 and 402 full time and 253 part time students in Spring 2011 as well as provided education to approximately 275 students through summer sessions in 2010. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2734363 | Expense |
| Grants | 2734363 | Grants |
| Description | Restricted expenditures - Federal, State and Private Student Aid | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 383386 | Expense |
| Revenue | 429820 | Revenue |
| Description | Auxiliary enterprises - campus housing, food service, bookstore, and Strode facility | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 11382075 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 269 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cathy Hall | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6052298453 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N Main St | AddressLine1 |
| City | Aberdeen | City |
| State | SD | State |
| ZIP Code | 57401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Stacy Levsen | ||||||
| Chair | 5.00 | X | X | 0 | 0 | 0 |
| Larry Frost | ||||||
| Vice Chair | 2.00 | X | X | 0 | 0 | 0 |
| Julie Johnson | ||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 |
| Larry Wirebaugh | ||||||
| Past Chair | 2.00 | X | 0 | 0 | 0 | |
| Tom Appletoft | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Joan Bitz | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Sr Joan Marie Brandner PBVM | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Sr Francene Evans PBVM | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Sr Ruth Geraets PBVM | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Sr Annrita Johnson PBVM | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Bruce Johnson | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Kyle Kary | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Joseph Kurtzman | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| John Lemke | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Deacon Peter Mehlhaff | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Donna Rae Petersen | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Sr Patricia Prunty PBVM | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Jim Thares | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Dr Lorraine Hale | ||||||
| President | 40.00 | X | 0 | 0 | 0 | |
| Cathy Hall | ||||||
| VP for Finance | 40.00 | X | 70804 | 0 | 20513 | |
| JoEllen Friederichsen | ||||||
| VP for Enrollment | 40.00 | X | 73529 | 0 | 18453 | |
| Bob Schuchardt | ||||||
| VP for Student Services | 40.00 | X | 68169 | 0 | 16085 | |
| Lori Harmel | ||||||
| VP for Advancement | 40.00 | X | 20576 | 0 | 11077 | |
| Dr James Johnson | ||||||
| VP for Academics | 40.00 | X | 58781 | 0 | 14530 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 291859 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 80658 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 11440 | FundraisingEvents |
| Government Grants | 1476174 | GovernmentGrants |
| All Other Contributions | 1697211 | AllOtherContributions |
| Noncash Contributions | 11733 | NoncashContributions |
| Total Contributions | 3184825 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Student Tuition/Fees | 611600 | 7812999 | 7812999 |
| Auxiliary Enterprises | 611710 | 390066 | 390066 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 31262 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31262 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 8234327 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 382476 | TotalRevenueColumn |
| Exclusion | $382,476 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5828 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5828 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5828 | TotalRevenueColumn |
| Exclusion | $5,828 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4924938 | Securities |
| Other | 1500 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4928410 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -3472 | Securities |
| Other | 1500 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1972 | TotalRevenueColumn |
| Exclusion | -$1,972 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 16250 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 11440 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 19528 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3278 | TotalRevenueColumn |
| Exclusion | -$3,278 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 372830 | GrossSalesOfInventory |
| Cost Of Goods Sold | 333076 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39754 | TotalRevenueColumn |
| Related Or Exempt Function Income | 39754 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11841960 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8274081 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $383,054 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2734363 | Total |
| Program Services | 2734363 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 570102 | Total |
| Program Services | 433616 | ProgramServices |
| Management And General | 100348 | ManagementAndGeneral |
| Fundraising | 36138 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4604863 | Total |
| Program Services | 4181157 | ProgramServices |
| Management And General | 168824 | ManagementAndGeneral |
| Fundraising | 254882 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174724 | Total |
| Program Services | 174724 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 716851 | Total |
| Program Services | 617009 | ProgramServices |
| Management And General | 64095 | ManagementAndGeneral |
| Fundraising | 35747 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 356728 | Total |
| Program Services | 327233 | ProgramServices |
| Management And General | 15042 | ManagementAndGeneral |
| Fundraising | 14453 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12237 | Total |
| Program Services | 3059 | ProgramServices |
| Management And General | 4895 | ManagementAndGeneral |
| Fundraising | 4283 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34100 | Total |
| Management And General | 34100 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1400 | Total |
| Program Services | 350 | ProgramServices |
| Management And General | 560 | ManagementAndGeneral |
| Fundraising | 490 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210378 | Total |
| Program Services | 207921 | ProgramServices |
| Management And General | 2438 | ManagementAndGeneral |
| Fundraising | 19 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169712 | Total |
| Program Services | 160482 | ProgramServices |
| Fundraising | 9230 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 927751 | Total |
| Program Services | 843829 | ProgramServices |
| Management And General | 39003 | ManagementAndGeneral |
| Fundraising | 44919 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129455 | Total |
| Program Services | 129455 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 436924 | Total |
| Program Services | 436509 | ProgramServices |
| Management And General | 415 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256468 | Total |
| Program Services | 224594 | ProgramServices |
| Management And General | 822 | ManagementAndGeneral |
| Fundraising | 31052 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66123 | Total |
| Program Services | 52932 | ProgramServices |
| Management And General | 4215 | ManagementAndGeneral |
| Fundraising | 8976 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 218089 | Total |
| Program Services | 213410 | ProgramServices |
| Management And General | 4679 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 473969 | Total |
| Program Services | 473969 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48082 | Total |
| Program Services | 48082 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Bad Debt Expense | 48954 | 18160 | 30794 |
| Direct Student Expense | 36478 | 36478 | |
| Orientation | 25527 | 25527 | |
| Commencement | 23933 | 23933 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47914 | Total |
| Program Services | 15283 | ProgramServices |
| Management And General | 5139 | ManagementAndGeneral |
| Fundraising | 27492 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12325125 | Total |
| Program Services | 11382075 | ProgramServices |
| Management And General | 475369 | ManagementAndGeneral |
| Fundraising | 467681 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267282 | BOY |
| EOY | 2545809 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 406586 | BOY |
| EOY | 729717 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 391038 | BOY |
| EOY | 349215 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85341 | BOY |
| EOY | 94389 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150524 | BOY |
| EOY | 141689 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15816879 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9266505 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6414170 | BOY |
| EOY | 6550374 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14703254 | BOY |
| EOY | 13218127 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5000 | BOY |
| EOY | 5000 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1585765 | BOY |
| EOY | 1433848 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85784 | BOY |
| EOY | 61471 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24094744 | BOY |
| EOY | 25129639 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 595606 | BOY |
| EOY | 757844 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 427561 | BOY |
| EOY | 386416 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4401810 | BOY |
| EOY | 4235060 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43488 | BOY |
| EOY | 58903 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47000 | BOY |
| EOY | 75251 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 808920 | BOY |
| EOY | 746205 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6324385 | BOY |
| EOY | 6259679 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2508685 | BOY |
| EOY | 8119327 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7788489 | BOY |
| EOY | 3173720 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7473185 | BOY |
| EOY | 7576913 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17770359 | BOY |
| EOY | 18869960 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24094744 | BOY |
| EOY | 25129639 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -483165 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1582766 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 1 | GrantsOtherOrganizations |
| Grants Other Organizations | $1,400 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 1400 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Other Lobbying Activities: | Identifier |
| Return Reference | Part II-B, Line 1i: | ReturnReference |
| Explanation | Shared costs of paid lobbyist through SD Federation of Independent Colleges for lobbying at state of South Dakota level for scholarship programs benefitting private colleges. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8819079 | BeginningOfYearBalance |
| Contributions | 103728 | Contributions |
| Investment Earnings Or Losses | 1020356 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 263575 | GrantsOrScholarships |
| End Of Year Balance | 9679588 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7916805 | BeginningOfYearBalance |
| Contributions | 151734 | Contributions |
| Investment Earnings Or Losses | 1014070 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 263530 | GrantsOrScholarships |
| End Of Year Balance | 8819079 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8686540 | BeginningOfYearBalance |
| Contributions | 358505 | Contributions |
| Investment Earnings Or Losses | -862075 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 266165 | GrantsOrScholarships |
| End Of Year Balance | 7916805 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.78300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.21700 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 41868 | OtherCostOrOtherBasis |
| Book Value | 41868 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10966381 | OtherCostOrOtherBasis |
| Depreciation | 5821794 | Depreciation |
| Book Value | 5144587 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4095804 | OtherCostOrOtherBasis |
| Depreciation | 3444711 | Depreciation |
| Book Value | 651093 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 712826 | OtherCostOrOtherBasis |
| Book Value | 712826 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6550374 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Student Loans Receivable, Net of Allowance | Description |
| Book Value | 1433848 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 1433848 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Federal Student Loans | $563,949 |
| Annuities Payable | $182,256 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 746205 | TotalOfAmounts |
| Total Revenue | 11841960 | TotalRevenue |
| Total Expenses | 12325125 | TotalExpenses |
| Excess Or Deficit For Year | -483165 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1599127 | NetUnrealizedGLOnInvestments |
| Other | -$16,361 | OtherAmount |
| Total Adjustments | 1582766 | TotalAdjustments |
| Excess Or Deficit Per FS | 1099601 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13792191 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1599127 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1599127 | RevenueNotRptdF990 |
| Revenue Subtotal | 12193064 | RevenueSubtotal |
| Other Revenues Not Included | -351104 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -351104 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11841960 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12676229 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 351104 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 351104 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12325125 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12325125 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. | |
| Part V, Line 4: | The endowment funds are used for institutional scholarships and grants and support of college programs. | Description of Intended Use of Endowment Funds: |
| Part X: | The College is a nonprofit organization that is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). In accordance with the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes), the College will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The College is no longer subject to federal tax examinations by tax authorities for the years before 2008 and state examinations for years before 2008. | Description of Uncertain Tax Positions Under FIN 48: |
| Transfer within Net Assets - Annuity Payments -20,625. Change in Split-Interest Agreements 4,264. | Part XI, Line 8 - Other Adjustments: | |
| Special events direct expenses -19,528. Cost of sales expense recorded in revenue -333,076. Gain on disposal of assets 1,500. | Part XII, Line 4b - Other Adjustments: | |
| Cost of sales expense recorded in revenue 333,076. Special events direct expenses 19,528. Gain on disposal of assets -1,500. | Part XIII, Line 2d - Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Publicized in newspapers and college catalogs. |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Black & White Ball | NameOfEvent1 |
| Gross Receipts Event1 | 12200 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 4800 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 7400 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 3628 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1500 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 2137 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Mardi Gras | NameOfEvent2 |
| Gross Receipts Event2 | 15490 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 6640 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 8850 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 4549 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 1200 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 6514 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 27690 | GrossReceiptsTotal |
| Charitable Contributions Total | 11440 | CharitableContributionsTotal |
| Gross Revenue Total Events | 16250 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 8177 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2700 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 8651 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 19528 | DirectExpenseSummaryEvents |
| Net Income Summary | -3278 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships and Grants | TypeOfGrant |
| Number Of Recipients | 624 | NumberOfRecipients |
| Amount Of Cash Grant | 2734363 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | City of Aberdeen | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 466000010 | IssuerEIN |
| CUSIP Number | 003252BJ1 | CUSIPNumber |
| Date Issued | 2010-04-30 | DateIssued |
| Issue Price | 4401540 | IssuePrice |
| Description Of Purpose | Refund the August 3, 1999 Issue | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 170000 | AmountRetired |
| Total Proceeds | 4401540 | TotalProceeds |
| Amount In Reserve Fund | 376250 | AmountInReserveFund |
| Issuance Costs From Proceeds | 88031 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 3937259 | OtherSpentProceeds |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 7a | More than one-half of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. | |
| Form 990, Part VI, Section A, line 7b | The following board of trustee decisions are subject to the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, SD corporate board approval: - Selection, appointment, or removal of the College President - Changes or adoption of a statement of mission, purpose or philosophy of Presentation College. - Amendment to the Articles of Incorporation or Bylaws - to establish or delete a department or educational program - to establish or change unbudgeted monetary personnel policies and wage administration and benefit programs - plans for raising additional funds from sources outside the operating income. - grant application approval - expenditures exceeding $10,000 or an aggregate total of $25,000 or more, not including the annual budget - approval of consultants over $5,000 - unbudgeted contractual agreements to purchased services over $5,000 - structural changes in and expansion of the physical plant and construction of new buildings - acquisitions, transfers, encumbrances or alienations of property - describe and set forth the authority delegated to the college president - creation or dissolution of all subsidiary organizations of the Board of Trustees, including all governing documents | |
| Form 990, Part VI, Section B, line 11 | Upon receipt of the completed return, the CFO reviews the return with the President. Copies are also forwarded to all members of the Finance & Audit Committee of the Board of Trustees for review. The CFO reviews the tax return with them at the first meeting following completion of the return. | |
| The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. | Form 990, Part VI, Section B, line 12c | |
| President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed each year that raises are given. | Form 990, Part VI, Section B, line 15 | |
| These documents are not available to the general public. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 1,599,127. Transfer within Net Assets - Annuity Payments -20,625. Change in Split-Interest Agreements 4,264. Total to Form 990, Part XI, Line 5: 1,582,766. | Form 990, Part XI, line 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sisters of the Presentation of Blessed Virgin Mary | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N 2nd street | AddressLine1 |
| City | Aberdeen | City |
| State | SD | State |
| ZIP Code | 57401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460253283 | EIN |
| Primary Activities | Sisters of the PBVM is the College's sponsor organization | PrimaryActivities |
| Legal Domicile State | SD | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 1 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |