2012-11-14T10:04:22-06:00 2012-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 1040 HELENA MT 59624 990 2011-07-01 810231774 CARROLL COLLEGE CARR 4064474300 1601 NORTH BENTON HELENA MT 59625 LORI PETERSON 4064474300 2012-11-14 1 DONALD W LAINE P00102069 4064421040 2012-11-13 2011 2016-02-24 21:20:13Z LORI PETERSON 1601 NORTH BENTON HELENA MT 59625 59901735 0 X WWW.CARROLL.EDU X 1909 MT CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY. 25 24 1097 550 0 0 13083263 8150388 39675754 42459611 1017577 2102566 459262 389564 54235856 53102129 24415764 17223089 0 0 15857454 16351239 0 0 1345083 12425223 12701212 52698441 46275540 1537415 6826589 66690398 71190109 21761796 22673906 44928602 48516203 X CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL.AS A LIBERAL ARTS SCHOOL, CARROLL COLLEGE ACKNOWLEDGES THE PRACTICAL ROLE OF PREPARING ITS STUDENTS FOR A CAREER, BUT IT ALSO AFFIRMS THE TRADITIONAL ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. IT IS DEDICATED TO PROVIDING FOR ITS STUDENTS THE MEANS FOR THEIR FULL REALIZATION OF A DUAL GOAL OF VOCATION AND ENLIGHTENMENT. THUS, WHILE PROVIDING SUBSTANTIAL PROFESSIONAL AND PRE-PROFESSIONAL PROGRAMS, THE COLLEGE ENCOURAGES AND EXPECTS ALL STUDENTS TO PARTICIPATE IN A BROAD SPECTRUM OF ACADEMIC DISCIPLINES. 0 0 8572265 34095614 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 2443153 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 25442117 7295112 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 2253866 1068885 OTHER PROGRAMS 2253866 1068885 38711401 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 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 1 113 0 1 1097 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X LORI LADAS 4064474300 1601 NORTH BENTON HELENA MT 59625 DR THOMAS TREBON 40.00 X X 190759 0 12165 TERRY COSGROVE 2.00 X X 0 0 0 BILL LESTER 2.00 X 0 0 0 RICHARD ANDERSON 2.00 X 0 0 0 REV STANLEY MALNAR 2.00 X 0 0 0 REV THOMAS FLYNN 2.00 X 0 0 0 DANNETTE SULLIVAN 2.00 X 0 0 0 DR DON OLSON 2.00 X 0 0 0 SR CONSTANCE PHELPS 2.00 X 0 0 0 SARAH POWER 2.00 X 0 0 0 BISHOP GEORGE L THOMAS 2.00 X 0 0 0 HARLAN SHROPSHIRE 2.00 X X 0 0 0 CAROLINE BOITANO 2.00 X 0 0 0 JE SHAUN CORETTE III 2.00 X 0 0 0 MARY ANN MILHOUS 2.00 X 0 0 0 MARK SEMMENS 2.00 X X 0 0 0 REV THOMAS HAFFEY 2.00 X 0 0 0 RAYMOND KUNTZ 2.00 X 0 0 0 BEN NIEDERMEYER 2.00 X 0 0 0 JOHN WALDA 2.00 X 0 0 0 ANNIE GOODWIN 2.00 X 0 0 0 EUGENE MALLETTE 2.00 X 0 0 0 DR ALBERT OLSZEWSKI 2.00 X 0 0 0 THOMAS WALSH 2.00 X 0 0 0 WILLIAM WAR 2.00 X 0 0 0 THOMAS EVANS 40.00 X X 0 0 0 THOMAS MCARVEL 40.00 X 105306 0 14194 MARK PARKER 40.00 X 53766 0 13684 JAMES HARDWICK 40.00 X 91051 0 4997 RICHARD ORTEGA 40.00 X 72751 0 7591 ANTONINA LOCOCO 40.00 X 102497 0 11799 PAULA MCNUTT 40.00 X 142236 0 13818 LORI PETERSON 40.00 X 100123 0 14046 858489 0 92294 5 0 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2195987 BURDICK'S LOCKMITH SERVICES INC 901 N LAST CHANCE GULCH HELENA MT 59601 INSTALL KEYCARD LOCK SYSTEM 177465 ELLUCIAN INC 4375 FAIR LAKES CT FAIRFAX VA 22033 SYSTEM TRAINING, TECH SUPPORT 175828 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 PRINTING/PUBLICATION MATERIALS 174316 GOLDEN EAGLE CONSTRUCTION 3020 E LYNDALE AVE HELENA MT 59601 BUILDING/CAMPUS RENOVATIONS & REPAIRS 162120 9 2076611 6073777 8150388 TUITION AND FEES 611600 34095614 34095614 AUXILIARY ENTERPRISES 611600 6335810 6335810 OTHER SOURCES 611600 1068885 1068885 ATHLETICS 611600 959302 959302 42459611 862598 862598 338675 151957 186718 186718 186718 7081209 20648 5763482 98407 1317727 -77759 1239968 1239968 988606 785760 202846 202846 53102129 42459611 0 2492130 17223089 17223089 993779 504430 328500 160849 12365220 9811277 2005335 548608 455989 352845 79099 24045 1400997 1021550 326085 53362 1135254 879958 196484 58812 1386190 515859 838398 31933 1543676 952490 413738 177448 592809 55679 537130 2205137 1842790 233242 129105 2079468 1983308 96160 740184 723592 16592 2618837 1633902 977119 7816 SUPPLIES 1154174 932356 171174 50644 PERIODICALS 39437 39437 341300 238839 102461 46275540 38711401 6219056 1345083 3109738 4231711 982939 841734 2336149 2696816 289222 329726 346304 452575 66255552 35860050 31683365 30395502 19794155 24817810 7837946 7108832 310580 315403 66690398 71190109 1741400 2018227 933244 901679 15634044 14972532 3453108 4781468 21761796 22673906 X 14998967 18012008 9253607 8866988 20676028 21637207 44928602 48516203 66690398 71190109 X 6826589 -3238988 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 28098176 4204504 398103 -361781 466558 32596006 24610239 862445 3470134 646769 197873 28098176 23088762 1204284 1297200 -1479992 2459999 24610239 26998737 1579103 -4341677 -1788618 2936019 23088762 0.26000 0.66380 0.07620 0 0 1002868 1002868 53062784 26303668 26759116 10422022 8443140 1978882 1767878 1113242 654636 30395502 INTEREST - CHARITABLE TRUSTS 4329778 F NON-LIQUID ASSETS 320477 F RESTRICTED CASH 415069 F REAL ESTATE INVESTMENT 2043508 F 7108832 STUDENT DEPOSITS 39865 ANNUITIES PAYABLE 1189542 OTHER LIABILITIES 11392 FAIR VALUE OF SWAP CONTRACT 3540669 4781468 53102129 46275540 6826589 -1704102 -1534886 -3238988 3587601 36549151 -1704102 13164 937717 -753221 37302372 15799757 15799757 53102129 31426665 13164 937718 950882 30475783 15799757 15799757 46275540 PART III, LINE 4: VARIOUS ART PIECES ARE DISPLAYED ON CAMPUS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT WILL BE USED TO FUND SCHOLARSHIPS AND GENERAL OPERATIONS OF THE COLLEGE AND SUPPORTS EDUCATION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SWAP CONTRA -1,534,886. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 785,760. RENTAL EXPENSES NETTED ON RETURN 151,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 15,799,757. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 785,760. RENTAL EXPENSES NETTED ON RETURN 151,957. ROUNDING 1. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 15,799,757. 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 CARROLL COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AGE, SEX, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. CARROLL COLLEGE DOES NOT DISCRMINATE ON THE BASIS OF RACE, COLOR, AGE, SEX, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PAYMENTS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: PERKINS LOAN PROGRAM COLLEGE WORK-STUDY PROGRAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM PELL GRANT PROGRAM MONTANA GUARANTEED STATE LOAN PROGRAM 1 ENDOWED SCHOLARSHIPS 167 367612 CASH GRANTS 133 611831 FEDERAL SEOG 185 64860 FEDERAL TEACH GRANTS 4 16000 FEDERAL PELL 367 1342472 VARIOUS FINANCIAL AID PROGRAMS 1376 14820314 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CARROLL COLLEGE AND FEDERAL NEED-BASED GRANTS AND SCHOLARSHIPS ARE AWARDED BASED ON THE RESULTS OF THE FEDERAL FAFSA AND NEEDS ANALYSIS. NEW STUDENT MERIT SCHOLARSHIPS ARE BASED ON HIGH SCHOOL GPA AND TEST SCORES OR TRANSFER GPA FOR TRANSFER STUDENTS. STATE GRANT REPORTING IS COMPLETED EACH YEAR AFTER THE ACADEMIC YEAR IS COMPLETED. FEDERAL FISAP REPORTING IS COMPLETED PRIOR TO OCTOBER OF EACH YEAR FOLLOWING THE COMPLETION OF THE ACADEMIC YEAR. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR THOMAS TREBON 190759 0 0 0 0 0 8843 0 3322 0 202924 0 0 0 PAULA MCNUTT 142236 0 0 0 0 0 7084 0 6734 0 156054 0 0 0 LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2008-07-01 2800000 HIGHER ED REVENUE 0 0 0 CITY OF HELENA MONTANA 816001276 42312P0AA 2002-11-01 2500000 STUDENT CENTER 0 0 0 CITY OF HELENA MONTANA 816001276 42312P0AA 2002-11-01 12500000 TRINITY HALL DORM 0 0 0 2800000 25849 2774151 2008 0 0 1 1 2500000 90000 2500000 2003 1 0 1 1 12500000 161250 433333 12066667 2003 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 206658 MARKET VALUE-GIFT DATE X ASSORTED DRINKS 1 9751 MARKET VALUE-GIFT DATE X AUCTION ITEMS 1 7083 MARKET VALUE-GIFT DATE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE USES APPROPRIATELY CERTIFIED PROFESSIONALS TO SELL NON-CASH GIFTS (SUCH AS SHARES OF STOCK OR REAL ESTATE) ON BEHALF OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 3 FOOD SERVICES ON CAMPUS ARE PROVIDED THROUGH SODEXO AMERICA, LLC. THE TERMS OF THE CONTRACT ARE NEGOTIATED AT ARM'S LENGTH TO DETERMINE THAT THE COLLEGE WILL PAY NO MORE THAN THE FAIR MARKET VALUE OF THE SERVICES PROVIDED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 TAX RETURN IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS, AND IS REVIEWED BY THE VP OF FINANCE AND ADMINISTRATION AND THE COLLEGE PRESIDENT BEFORE BEING SIGNED AND ISSUED. A COPY OF THE 990 TAX RETURN IS POSTED ON THE CARROLL COLLEGE INTRA-NET FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY, AND TO INDICATE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF A TOPIC. ANY DISCLOSURE IS NOTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE BOARD OF TRUSTEES, USING A PEER GROUP SALARY COMPARISON OF ROUGHLY 77 SIMILAR INSTITUTIONS. THE COLLEGE PRESIDENT'S CONTRACT IS REVIEWED BY THE FULL BOARD OF TRUSTEES. COMPENSATION OF ALL OTHER STAFF AND FACULTY IS DETERMINED BY COLLEGE POLICY AND FINANCIAL RESOURCES, INCLUDING A COMPARISON TO A PEER GROUP OF ROUGHLY 77 SIMILAR INSTITUTIONS. SALARY INCREASES ARE APPROVED BY THE BOARD AS PART OF APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,704,102. CHANGE IN FAIR VALUE OF SWAP CONTRA -1,534,886. TOTAL TO FORM 990, PART XI, LINE 5: -3,238,988. FINANCIAL STATEMENT REPORTING PART XII, LINE 2 B THE FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING A FIN 48 STATEMENT OF UNCERTAIN TAX POSITIONS. OVERSIGHT OF AUDIT 990 PART XII, LINE 2C CARROLL HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.