2012-05-10T13:55:06-07:00 2011-06-30 990 2010-07-01 410969244 COLLEGE OF ST BENEDICT BUSINESS OFF COLL 3203635999 37 S College Ave Saint Joseph MN 56374 Susan Palmer 3203635298 2012-05-10 2010 2016-02-24 21:20:13Z Susan Palmer 37 So College Ave Saint Joseph MN 56374 104750093 0 X www.csbsju.edu X 1913 MN The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 42 41 2405 45 1583472 -42204 5025824 4585672 80024628 84284086 1246192 798224 905926 818439 87202570 90486421 27115483 29978782 0 0 33136146 34823341 58417 103851 2524584 24156300 24018268 84466346 88924242 2736224 1562179 145324185 152742500 42418532 40677980 102905653 112064520 The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 0 0 64185458 29978782 66073423 Higher Education: Educational instruction, 2,049 Fall FTE students enrolled in undergraduate courses, 487 graduates. The College of Saint Benedict designs programs to meet the needs and aspirations of young women, emphasizing women's leadership and a personal development profile that includes intellectual, spiritual, emotional and physical development. Its values-based and value-added residential liberal arts education provides the framework for fulfilling lives of disciplined inquiry and leadership in careers devoted to the professions, public life and service to others. 14546013 0 16854320 Higher Education: Auxiliary Revenue (dining, housing, etc.) 2,049 students The Residential Life program at the College of Saint Benedict provides a four year residential experience of community living which supports and challenges our students with opportunities for personal and social growth. This experience allows women to develop an understanding and appreciation of their responsibilities to themselves and others living in the community on campus and beyond. As the residence hall students' primary dining location, the CSB Gorecki is the "kitchen" of the CSB campus community. As in most American homes today, the kitchen is the heart of a home where family congregate and discuss important issues of the day. We encourage our students to dine, relax, and gather with friends at the CSB Gorecki Center thus promoting a feeling of campus community. Dining at the CSB Gorecki Center provides students with the best value for their food dollars (Bennie Bucks). 0 0 591309 Other program services (Fine Arts Programming, etc.) These areas curate a series of arts events that bring the finest regional and national artists to our community; support and enhance the academic mission of CSB through programming, resources, and personnel; create institutional visibility and recognition through active leadership in local, state, and national arts organizations; provide responsible fiscal management of resources and generate revenue through grants, sponsorships, and ticket sales; create learning initiatives to encourage participation in the arts by "students" of all ages; strengthen community resources in the arts through professional support of regional arts organizations that produce and present in our Fine Arts facilities and provide professional development opportunities for educators to promote interdisciplinary teaching through the arts. Expenses related to these revenues are included in Part IX, Statement of Functional Expenses 0 0 0 78731471 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 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 0 1 156 0 1 2405 1 1 1 1 AS AU CH CI EI FR GR JA SF SP 0 0 0 1 1 0 0 0 0 X 42 41 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X Susan Palmer 3203635298 37 S College Ave Saint Joseph MN 56374 Thomas Lee Schlough 2 X 0 0 0 Beth Ann Dinndorf 3 X 0 0 0 Ingrid Anderson OSB 1 X 0 0 0 Annette Hendrick 1 X 0 0 0 Gregory J Duppler 1 X 0 0 0 John Albert 1 X 0 0 0 Jean Juenemann 1 X 0 0 0 Shari Lamecker Rogalski 1 X 0 0 0 Laurie Rivard 1 X 0 0 0 Karen Bachman 1 X 0 0 0 Mark G Fleischhacker 2 X 0 0 0 George Marin 1 X 0 0 0 Lynn Newman 1 X 0 0 0 Joyce Statz 1 X 0 0 0 Michelle Bauerly Kopel 1 X 0 0 0 Barbara Melsen 1 X 0 0 0 Nancy Bauer 1 X 0 0 0 Mary Catherine Holicky 1 X 0 0 0 Stephanie Wolf 1 X 0 0 0 Lisa Spoden 1 X 0 0 0 LeAnne Matthews Stewart 2 X 0 0 0 Harvey Chase Jewett 1 X 0 0 0 Marilyn Broussard 1 X 0 0 0 Lawrence P Haeg 1 X 0 0 0 Leon E Kline 1 X 0 0 0 Theresa Wurst 1 X 0 0 0 Rosetta Ross 1 X 0 0 0 Diana Lam 1 X 0 0 0 Kathryn Hauff 1 X 0 0 0 Carolyn Smallwood 1 X 0 0 0 Carol Berg 1 X 0 0 0 MaryAnn Baenninger 65 X X 352640 0 43886 Dana Badgerow 1 X 0 0 0 Iris Cornelius 1 X 0 0 0 James Graves 1 X 0 0 0 Laura Kelly Lovdahl 1 X 0 0 0 Kathleen Mock 1 X 0 0 0 Judy Poferl 1 X 0 0 0 Donald Pyatt 1 X 0 0 0 Sandra Roers 1 X 0 0 0 Anna McKenna 1 X 0 0 0 Tonya McNamara Dolezal 1 X 0 0 0 Susan Palmer 60 X 201138 0 18263 Stuart Lang 60 X 166159 0 29411 Rita Knuesel 70 X 174284 0 22393 Calvin Ryan-Mosley 60 X 157538 0 21596 Mary Geller 50 X 132565 0 26211 James Koenig 40 X 115426 0 15968 Brian Jose 40 X 108916 0 27467 Kolleen Kellom 40 X 112607 0 16397 Janet Grochowski 40 X 107551 0 11173 1628824 0 232765 12 0 1 0 Hammel Green Abrahamson Inc PO Box 86 SDS 12-1861 Minneapolis MN 554861861 Architect 667062 Works Computing Inc 1801 American Boulevard E Suite 12 Bloomington MN 55425 Computer Consulting 547420 DLR Group Inc 520 Nicollet Mall Suite 200 Minneapolis MN 55402 Architectural Engineering 177472 Palmer Printing PO Box 1575 Sauk River Ind Park St Cloud MN 56302 Printing Services 148470 Cambridge Associates LLC PO Box 83232 Chicago IL 606910232 Investment Consultants 134208 8 0 0 13100 0 1572238 3000334 1121739 4585672 Tuition and Fees 611310 66073423 66073423 0 0 Auxiliary revenue(dining,housing,bookstore) 721310 17619354 16124976 1494378 0 Other Sources-Fine Arts 711190 591309 591309 0 0 0 0 0 0 84284086 751286 0 0 751286 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12798531 39425 12762682 28336 35849 11089 46938 0 0 46938 15000 13100 14983 17 0 17 2276093 1457671 818422 729328 89094 0 0 90486421 83519036 1583472 798241 0 0 29978782 29978782 0 0 0 0 1266676 275971 727656 263049 0 0 0 0 25502237 21404530 2856922 1240785 1716000 1440273 192237 83490 4256332 3227234 847726 181372 2082096 1747528 233261 101307 100307 57760 42547 0 100670 0 79866 20804 61012 0 61012 0 0 0 0 0 103851 103851 110863 0 110863 0 0 0 0 0 354809 141409 157248 56152 1901230 1283035 454619 163576 497301 412314 0 84987 0 0 0 0 3142640 2606517 527048 9075 1863639 1675499 119333 68807 0 0 0 0 257003 93758 105559 57686 1209934 1155600 54334 0 0 0 0 0 4081484 3578472 503012 0 426997 190425 223406 13166 Equipment repair and maint 548903 490267 36802 21834 Memberships 250337 41873 153821 54643 Student Programming 4330949 4297007 33942 0 Expendable Equipment 256914 112064 144850 0 Supplies 4523276 4521153 2123 0 88924242 78731471 7668187 2524584 15163437 14065499 4925188 3920811 707695 774958 0 0 0 0 6833002 6577236 397208 416562 453386 899981 141559513 67865707 74338501 73693806 31086531 37128457 9955278 13695281 0 0 0 0 1463959 1569909 145324185 152742500 4151696 4410022 0 0 1266795 1193050 27959876 25677679 0 0 0 0 0 29495 0 0 9040165 9367734 42418532 40677980 X 63661945 67877520 7470978 10691227 31772730 33495773 102905653 112064520 145324185 152742500 X 1562179 7596688 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35798697 1706122 7550659 1677176 0 0 43378302 30984519 2089392 4000561 1275775 0 0 35798697 37792704 1366988 -7086156 949963 139054 0 30984519 0.12 0.88 0 0 0 0 855996 855996 0 91322074 33381253 57940821 0 0 0 0 0 43581929 31659976 11921953 0 5799514 2824478 2975036 73693806 0 0 Global equity fund 2581974 F Real assets 4886555 F Fund of funds 5309508 F Beneficial interest in funds held for others 917244 F 13695281 0 OEA Deposits 798909 Funds held for others 99104 Annuities payable 746645 Gov't. grants repayable 5908100 Asset retirement obligation 1814976 9367734 90486421 88924242 1562179 7343475 0 0 0 253213 7596688 9158867 67993464 7343475 0 0 -29725569 -22382094 90375558 110863 0 110863 90486421 58834597 0 0 0 -29978782 -29978782 88813379 110863 0 110863 88924242 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment draw in the amount of $1,677,176 is used to fund student scholarship and academic programs. SchD_P10_S00_L02 Schedule D, Part X, Line 2 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 reviews 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. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Adjustment of actuarial liability on annuities in the amount of $253,213 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Adjustment of actuarial liability on annuities in the amount of $253,213 and student financial aid in the amount of $29,978,782 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Student financial aid in the amount of $29,978,782 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 College of Saint Benedict includes racially nondiscriminatory policy in newspaper publications for job searches and publications that go out to current and potential students. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Federal financial aid grants including US Dept of Ed direct programs, passed through, and other grants. Central America and the Caribbean 0 0 Program Services Student programs and coursework 211349 East Asia and the Pacific 0 0 Program Services Student programs and coursework 828321 Europe (including Iceland and Greenland) 0 0 Program Services Student programs and coursework 2011975 South America 0 0 Program Services Student programs and coursework 225311 Sub-Saharan Africa 0 0 Program Services Student programs and course work 293783 South Asia 0 0 Program Services Student programs and coursework 129113 Russia and the newly independent States 0 0 Program Services Student programs and coursework 28108 Central America and the Caribbean 0 0 Investments 5309508 0 0 9037468 1 0 0 1 0 0 SchF_P04_S00_L04 Schedule F, Part IV, Line 4 The College is a direct shareholder of a passive foreign investment company. As a requirement of Section 1298 (f), the College would have to file a Form 8621. However, per the IRS Notice 2011-55, 2011-29, this requirement is suspended until the revised Forms 8621 are released. The College will file the required Form 8621 with the next Form 990. X X X X X X X 1 Campbell and Co One East Wacker Drive Suite 3350 Chicago IL 60601 Fundraising Consultants 0 0 76398 -76398 Blackbaud PO Box 930256 Atlanta GA 31193 Fundraising Consultants 0 0 8458 -8458 Bentz Whaley 801 Nicollet Mall Suite 801 Mpls MN 55402 Fundraising Consultant 0 0 18995 -18995 0 103851 -103851 MN Blazer Open golf event 28100 13100 15000 0 0 8279 0 0 6704 0 0 28100 13100 15000 0 0 8279 0 0 6704 14983 17 1 Tuition and Fee Scholarship 2076 29978782 0 Cost SchI_P01_S00_L02 Schedule I, Part I, Line 2 Documentation is maintained and reporting is completed to substantiate grant award uses X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MaryAnn Baenninger 342749 0 0 0 9891 0 22050 0 21836 0 396526 0 0 Susan Palmer 201000 0 0 0 138 0 18009 0 254 0 219401 0 0 0 Rita Knuesel 174026 0 0 0 258 0 15662 0 6731 0 196677 0 0 0 Stuart Lang 163277 0 0 0 2882 0 14695 0 14716 0 195570 0 0 0 Calvin Ryan-Mosley 156776 0 0 0 762 0 14110 0 7486 0 179134 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As a requirement of their contracts, housing is provided for the President and VP Enrollment. Also, fitness club membership is provided for the President. MN Higher Education Facilities Authority 410988525 60416HDB7 2004-07-08 7900301 To fund various remodel projects on campus 0 0 0 MN Higher Education Facilities Authority 410988525 60416HHV9 2006-10-26 7417276 Finance construction of new dining building 0 0 0 MN Higher Education Facilities Authority 410988525 60416HMC5 2008-05-08 19565411 Refinance 2 prior bonds and fund add'l project 0 0 0 330000 0 7900301 643380 7086 3098040 158006 0 0 4000875 0 0 2006 1 0 1 1 758490 0 7417276 0 22917 0 110183 0 0 7307093 0 0 2008 0 0 1 1 1720000 0 19565411 1943000 15847 16756863 299827 0 0 565721 0 0 2009 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0.01 0.01 1 0 0 0 0 0 0 0.01 0.01 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 1121739 Avg high and low for day 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Stock brokers process the stock transactions when the gift is received and the College chooses to liquidate the stock F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive committee of the Board of Trustees at CSB has the authority to act for the Board on all matters except the following: presidential selection and termination; board officer selection; changes in institutional mission and purposes; incurring of corporate indebtedness unless specifically deligated by the board; sale of College assets or tangible property; adoption of the annual budget; conferral of degrees; and other powers reserved by resolution of the board. EC has the authority to take action on emergency matters which cannot or should not be deferred to the Board's next scheduled meeting. The Executive Committee shall oversee the work of Board committees, the Corporation's planning process or progress on planning goals, and the Board's responsibility to assess the president's performance, and review annually the President's compensation and conditions of employment. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers: 1)appoint those persons who serve as voting members of the board of Trustees; F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers: 1)appoint those persons who serve as voting members of the board of Trustees; 2) approve any merger, acquisition, or dissolution of the Corporation; 3) approve the sale or encumbrance of all or substantially all of the assets of the Corporation; 4) amend the Articles of Incorporation; or5) make and amend the Bylaws of the Corporation. The Corporate Members are the Sisters of the Order of St. Benedict. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The subcommittee of the Board of Trustees known as the Audit Committee reviews the 990 during the spring meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Audit committee reviews all disclosures on the Conflict of Interest policy annually F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 In accordance with the Employee handbook, the compensation plan is designed to ensure positions are competitively valued relative to comparable jobs in the market. The Human resources Department does a comparison of job descriptions to position descriptions in the marketplace annually. The comparison for administrative and support staff positions are approved by the President or Board of Trustees and a salary range is created based on this comparison. The President's salary is reviewed and determined by the Board of Trustees. The positions are compared to similar institutions of higher education with respect to enrollment, budget, and Carnegie class found in the College and University Personnel Association salary survey. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents and conflict of interest policy are not available to the public, but would be made available upon request. The financial statements are available on the website. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gain on investment ($7,343,475), adjustment of actuarial liability (253,213) .