2011-05-10T12:05:18-05:00 2010-06-30 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2009-07-01 951641455 Mount St Mary's College MOUN 3109544040 12001 Chalon Rd Los Angeles CA 90049 Chris K McAlary 2134772515 2011-05-08 1 6128764500 2009 2016-02-24 21:20:13Z JACQUELINE POWERS DOUD 12001 Chalon Rd Los Angeles CA 90049 120199694 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. 27 26 1654 190 7784 -23155 8941553 9979551 56913149 63430674 120655 1828658 1335438 1784411 67310795 77023294 13374644 15504449 0 33032866 33562415 35711 1267425 21319305 20662495 67726815 69765070 -416020 7258224 150055773 165224611 13450721 12474198 136605052 152750413 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 55651750 15115299 56686630 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, 2010, THE COLLEGE ENROLLED APPROXIMATELY 1,310 FULL-TIME EQUIVALENT (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 430 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 417 FTE GRADUATE STUDENTS. 4455570 389150 7684744 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, 2010, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 650 UNDERGRADUATE STUDENTS. 60107320 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 1 0 0 0 1 167 0 1654 1 1 1 1 CJ 0 0 0 1 1 0 0 0 27 26 1 0 0 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 355269 0 40601 Eleanor Siebert 40.00 X 196868 0 20100 Christopher K McAlary 40.00 X 192447 0 17412 Lawrence Smith 40.00 X 179813 0 23494 Jane Lingua 40.00 X 173920 0 22840 Paul Craft 40.00 X 159853 0 28405 Rosanne J Curtis 40.00 X 177374 0 21579 Marsha Sato 40.00 X 132259 0 19679 Heather Brown 40.00 X 139643 0 16051 Shawn K McCown 40.00 X 118278 0 19872 David Leese 40.00 X 116564 0 24790 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 Sister Marilyn Binder 0.50 X 0 0 0 Thomas J Blumenthal 0.50 X 0 0 0 James A Cole 0.50 X 0 0 0 Rev Monsignor Clement J Connolly 0.50 X 0 0 0 KATHLEEN M DUCAN 0.50 X 0 0 0 CATHY FICKLES 0.50 X 0 0 0 James J Flanigan 0.50 X 0 0 0 MARK FOSTER 0.50 X 0 0 0 Sister Joan Henehan 0.50 X 0 0 0 Phyllis L Hennigan 0.50 X 0 0 0 Jane Luecke Johnson 0.50 X 0 0 0 Joseph Kearns 0.50 X 0 0 0 Sister Catherine Marie Kreta 0.50 X 0 0 0 KARL H LORING 0.50 X 0 0 0 MONICA LUECHTEFELD 0.50 X 0 0 0 Judith Regan McDonald 0.50 X 0 0 0 Sister Mary McKay 0.50 X 0 0 0 Joan Otomo-Corgel 0.50 X 0 0 0 A Barry Patmore 0.50 X 0 0 0 Sister Patricia Rosholt 0.50 X 0 0 0 Jack H Schuster 0.50 X 0 0 0 Joseph W Waechter 0.50 X 0 0 0 Val Zavala 0.50 X 0 0 0 1942288 0 254823 22 0 1 0 Blue Shield of California PO Box 25208 Santa Ana CA 927995208 Insurance 2449691 Bon Appetit 12001 Chalon Road Los Angeles CA 90049 Restaurant Management 1879145 Sungard Collegis Inc 13377 Collection Center Dr Chicago IL 60693 Computer Support 1809670 Christian Brothers Risk Pooling 1205 Windham Parkway Romeoville IL 60446 Insurance 1061898 Alliedbarton Security Services 1930 Wilshire Blvd Suite 700 Los Angeles CA 90057 Security 773191 28 168634 328865 3931149 5550903 17946 9979551 TUITION AND FEES 611710 56686630 56686630 HOUSING 721310 6039705 6039705 FOOD SERVICE 721310 704339 704339 63430674 1289580 1289580 259769 219546 40223 40223 7784 32439 43402268 850 42864040 538228 850 539078 539078 57546 168634 92814 -35268 -35268 DA CAMERA SOCIETY 611710 759584 759584 MISCELLANEOUS 611710 574956 574956 FILM INCOME 611710 263800 263800 181116 181116 1779456 77023294 64371374 7784 2664585 15504449 15504449 1258170 550711 556209 151250 25780023 22881404 2346820 551799 1527052 1287584 190940 48528 3069267 2587950 383778 97539 1927903 1625573 241062 61268 3162210 2132777 938637 90796 200362 199622 740 148374 6700 141674 35711 35711 313835 313835 2490775 2174724 256427 59624 618852 600760 15292 2800 4143992 3286885 730927 126180 1501446 1133213 368098 135 1213335 1103776 109559 363435 312004 36647 14784 151813 138472 7996 5345 90801 85353 5448 533313 455807 77506 3336346 3136165 200181 395023 39284 355739 Bad Debt Expense 693473 693473 Miscellaneous 680863 471696 188241 20926 Building Maintenance 624247 592033 32214 69765070 60107320 8390325 1267425 28845 30013 12613729 13637685 3411444 1666838 6408407 8486632 586169 881014 85271068 27955618 56693373 57315450 49937513 59751961 17962592 20823711 2413701 2631307 150055773 165224611 5069102 5638873 4221168 4419520 2862954 1055843 1297497 1359962 13450721 12474198 X 75491419 84839934 17074059 22077163 44039574 45833316 136605052 152750413 150055773 165224611 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 65362751 6498706 10726044 2645422 313835 79628244 78582372 4636357 -15162092 2450331 243555 65362751 0.31000 0.48000 0.21000 1 1 1 1246924 1246924 71930576 20583657 51346919 9226290 6184263 3042027 2867278 1187698 1679580 57315450 PRIVATE EQUITY 4906109 F PINE GROVE L.P 4603130 F NYES LEDGE CAPITAL 9109434 F METROPOLITAN REAL ESTATE 531786 F ANNUITY CONTRACTS 1012651 F Mineral Rights 660601 F 20823711 ANNUITIES PAYABLE 631108 ENVIRONMENTAL REMEDIATION LIABILITY 332618 GOVERNMENT GRANTS REFUNDABLE 396236 1359962 77023294 69765070 7258224 8966961 -79824 8887137 16145361 70187112 8966961 -298694 8668267 61518845 15504449 15504449 77023294 54041751 -218870 -218870 54260621 15504449 15504449 69765070 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. Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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. In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the College addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merit of the position. Examples of tax positions include the tax-exempt status of the College and various positions related to the potential sources of unrelated business taxable income. There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2010. Open tax years subject to examination by the U.S. and state taxing authorities are for the years 2007 to 2009, which statutes expire in 2010 to 2012, respectively. Part XI, Line 8 - Other Adjustments: Changes in Annuity Payable: -79824. Part XII, Line 2d - Other Adjustments: Bad Debt Allowance Adjustment: -58631. CUSTODIAN FEES: -313835. RENTAL EXPENSE: 219546. Film Expense: -65950. CHANGES IN ANNUITY PAYABLE: -79824. Part XII, Line 4b - Other Adjustments: RECLASS OF FINANCIAL AID: 15504449. Part XIII, Line 2d - Other Adjustments: Bad Debt Allowance Adjustment: -58631. RENTAL EXPENSE: 219546. Film Expense: -65950. CUSTODIAN FEES: -313835. Part XIII, Line 4b - Other Adjustments: RECLASS OF FINANCIAL AID: 15504449. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE FEDERAL WORK-STUDY PROGRAM AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. 1 X 1 Ruffalocody Phone soliciation 0 125567 35711 89856 125567 35711 89856 CA GALA EVENT 226180 168634 57546 31015 30269 6884 24646 226180 168634 57546 31015 30269 6884 24646 92814 -35268 1 College Funded Grants/Awards for Students 1621 11033901 College Funded Waivers/Discount for Students 108 833101 Private Donations - Expendable for Students 250 1719693 Private Donations - Endowed for Students 300 1603952 Federal Funded Grants/Financial Aid for Students 163 313802 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 0 0 0 0 0 0 0 0 Jacqueline Powers Doud 301500 0 0 0 53769 0 40000 0 601 0 395870 0 0 0 Eleanor Siebert 159483 0 0 0 37385 0 15609 0 4491 0 216968 0 0 0 Christopher K McAlary 174778 0 0 0 17669 0 15460 0 1952 0 209859 0 0 0 Lawrence Smith 171012 0 0 0 8801 0 14544 0 8950 0 203307 0 0 0 Jane Lingua 166859 0 0 0 7061 0 13904 0 8936 0 196760 0 0 0 Paul Craft 121291 0 0 0 38562 0 13200 0 15205 0 188258 0 0 0 Rosanne J Curtis 135098 0 0 0 42276 0 12661 0 8918 0 198953 0 0 0 Marsha Sato 113886 0 0 0 18373 0 10672 0 9007 0 151938 0 0 0 Heather Brown 123652 0 0 0 15991 0 11200 0 4851 0 155694 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. Sisters of St Joseph of Carondelet For the construction of certain campus buildings X 900000 348518 0 1 1 348518 MONICA LUECHTEFELD trustee 286931 See Sched O 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 4 17946 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 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. 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 1 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0