2025-03-03T10:26:50-06:00 2024-06-30 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-07-01 460283336 MOUNT MARTY UNIVERSITY MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 LORI READ CFO, VP-FINANCE/ADMINSTRATION 6056681514 2025-02-27 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-02-27 2023 2025-03-06 01:10:19Z DR MARCUS LONG 1105 WEST 8TH STREET YANKTON SD 57078 39681431 0 X WWW.MOUNTMARTY.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC UNIVERSITY OF HIGHER LEARNING. 17 17 554 33 -9640 2187 4054156 3174707 27364878 29842963 8986763 1552342 195799 123070 40601596 34693082 11029344 11883784 0 0 11550750 12510063 80089 79999 699772 9848632 9844171 32508815 34318017 8092781 375065 71794505 76449297 26657155 26704186 45137350 49745111 X MOUNT MARTY UNIVERSITY, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 31151067 11883784 29876292 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,314 STUDENTS. 31151067 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 37 0 1 554 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X LORI READ 6056681603 1105 WEST 8TH STREET YANKTON SD 57078 X DR JIM FITZGERALD CHAIR 2.50 X X 0 0 0 MR ROB STEPHENSON VICE CHAIR 2.50 X X 0 0 0 MR DENIS FOKKEN TREASURER 2.50 X X 0 0 0 S MARY JO POLAK SECRETARY 2.50 X X 0 0 0 DR J LEE JOHNSON DIRECTOR 5.00 X 0 0 0 DR RACHEL VANNATTA DIRECTOR 1.30 X 0 0 0 FR JAMES KEITER DIRECTOR 1.30 X 0 0 0 S PENNY BINGHAM DIRECTOR 1.30 X 0 0 0 MR DARYL THURINGER DIRECTOR 1.30 X 0 0 0 MR DONALD ROBY DIRECTOR 1.30 X 0 0 0 MR JOHN PORTER DIRECTOR 1.30 X 0 0 0 MR SHAWN GALLAGHER DIRECTOR 1.30 X 0 0 0 MR MICHAEL DONOHOE DIRECTOR 1.30 X 0 0 0 S BARBARA MCTAGUE DIRECTOR 1.30 X 0 0 0 S CAROL JEAN VANDENHEMEL DIRECTOR 1.30 X 0 0 0 S MILDRED BUSCH DIRECTOR 1.30 X 0 0 0 S PATRICIA ANN TOSCANO DIRECTOR 1.30 X 0 0 0 DR MARCUS LONG PRESIDENT 40.00 X 279185 0 35687 LORI READ CFO/VP OF FINANCE AND ADMINISTRATION 40.00 X 88820 0 9608 WILLIAM MILLER EXECUTIVE VICE PRESIDENT A 40.00 X 158808 0 31836 JAMES BARNETT ASST. PROF.-NURSE ANESTHESIA 40.00 X 172122 0 9971 LARRY DAHLEN PROF.-NURSE ANESTHESIA 40.00 X 181999 0 27932 BROCK SMITH ASST. PROF.-NURSE ANESTHESIA 40.00 X 178710 0 11141 ANDREA ROBERTS DIR. AND ASST. PROF.-ANESTHESIA 40.00 X 219340 0 41260 TAYLOR REHFELDT ASST. PROF.-NURSE ANESTHESIA 40.00 X 195412 0 10681 1474396 0 178116 12 0 1 0 BORTON CONSTRUCTION INC 2 COPELAND AVE SUITE 201 LA CROSSE WI 54603 CONSTRUCTION 872287 FRESH IDEAS 3220 VANDIVER DRIVE COLUMBIA MO 65202 FOOD SERVICE 700528 ANTHOLOGY PO BOX 850001 ORLANDO FL 32885 SOFTWARE 504495 ALADDIN FOOD MANAGEMENT SERVICES LLC NW 8704 MINNEAPOLIS MN 554855704 FOOD SERVICE 473423 FRESH PRODUCE 400 N MAIN AVE SUITE 100 SIOUX FALLS SD 57104 MARKETING 294482 7 8875 7125 563669 2595038 304590 3174707 TUITION & FEES 611710 25283587 25283587 ROOM AND BOARD 611710 3812368 3812368 SPORTING EVENT ADMISSION 611710 54201 54201 692807 702447 -9640 29842963 1018346 1018346 1093 1093 68544 0 68544 68544 68544 5410304 4876308 533996 533996 533996 40996 8875 11252 29744 29744 124478 100789 23689 23689 34693082 29876292 -9640 1651723 6000 6000 11877784 11877784 669410 669410 9797105 8966958 486746 343401 293418 275888 4984 12546 1062139 941748 77563 42828 687991 592675 72795 22521 11725 11725 224 224 79999 79999 133764 133764 818603 702957 89927 25719 306236 294188 11470 578 469788 303536 134760 31492 546399 53465 492934 767952 752490 11545 3917 699693 680021 8969 10703 941706 805682 97658 38366 1549619 1525344 18206 6069 256554 253277 2458 819 FOOD SERVICES 1035576 1008391 4574 22611 SUPPLIES 750886 725014 8101 17771 REPAIRS AND MAINTENANCE 382963 289965 91817 1181 ACTIVITIES 242280 242280 930203 853180 37772 39251 34318017 31151067 2467178 699772 1637497 2193558 1723157 1186367 1166679 1389099 852846 776872 780056 466000 57182116 26543629 31137897 30638487 33701817 38169180 696381 874107 98175 755627 71794505 76449297 941937 1135231 1262761 1439631 12952857 12482068 5229607 5046103 6269993 6601153 26657155 26704186 X 9549040 9027133 35588310 40717978 45137350 49745111 71794505 76449297 X 375065 3608463 578908 45325 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 224 0 0 0 224 0 SCHEDULE C, PART II-B, LINE F THE AMOUNT ON LINE F IS THE LOBBYING PORTION OF DUES PAID TO NATIONAL ASSOCIATION OF INDEPENDENT COLLEGE AND UNIVERSITIES. 33957539 827977 5055291 1303094 527499 38010214 30841524 1786958 2860293 1451642 79594 33957539 34620689 1601113 -4073471 1191137 115670 30841524 28072359 441222 7302599 1040839 154652 34620689 28252427 403455 682444 1131091 134876 28072359 0.00000 0.67559 0.32441 0 0 1300717 1300717 44843333 17818455 27024878 8843557 7143897 1699660 2194509 1581277 613232 30638487 CHARITABLE REMAINDER UNITRUST 203345 REFUNDABLE U.S. GOVERNMENT ADVANCES 843670 LONG-TERM RELATED NOTE PAYABLE, UNSECURED 4275000 OTHER LIABILITIES 1279138 6601153 X 26683194 3608463 235831 -11832459 -7988165 34671359 133764 -112041 21723 34693082 22654341 235831 112041 347872 22306469 133764 11877784 12011548 34318017 PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS' WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE UNIVERSITY'S INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 5% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. PART X, LINE 2: THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE UNIVERSITY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED TO REVENUE FOR GAAP -11,877,784. CHANGE IN VALUE OF SPLIT INTEREST OBLIGATIONS -21,326. CHANGE IN VALUE OF INTEREST RATE SWAP 66,651. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE -100,789. SPECIAL EVENT EXPENSES -11,252. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE 100,789. SPECIAL EVENT EXPENSES 11,252. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED TO REVENUE FOR GAAP 11,877,784. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UNIVERSITY CATALOG, WEBSITE, AND BROADCAST MEDIA SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE UNIVERSITY, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. X X X X X 1 EAB PO BOX 603519 CHARLOTTE NC 282603519 CAMPAIGN 0 0 79999 0 79999 AL AK AZ AR CA CO DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY CT GOLF CLASSIC 49871 8875 40996 578 1350 6185 2255 884 49871 8875 40996 578 1350 6185 2255 884 11252 29744 1 BISHOP O'GORMAN CATHOLIC SCHOOL 3100 W 41ST ST SIOUX FALLS SD 571054222 480413591 501C3 6000 0 SPONSORSHIP 1 0 SCHOLARSHIPS 633 11877784 PART I, LINE 2: THE UNIVERSITY HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. THE UNIVERSITY ALSO PROVIDES SPONSORSHIPS TO PARTNER CATHOLIC SCHOOLS. X 1 0 X X 0 0 0 0 0 0 0 0 0 DR MARCUS LONG PRESIDENT 254705 0 0 0 24480 0 12545 0 23194 0 314924 0 0 0 ANDREA ROBERTS DIR. AND ASST. PROF.-ANESTHESIA 202540 0 0 0 16800 0 10977 0 30336 0 260653 0 0 0 LARRY DAHLEN PROF.-NURSE ANESTHESIA 175699 0 0 0 6300 0 9348 0 18636 0 209983 0 0 0 TAYLOR REHFELDT ASST. PROF.-NURSE ANESTHESIA 195412 0 0 0 0 0 9814 0 920 0 206146 0 0 0 WILLIAM MILLER EXECUTIVE VICE PRESIDENT A 158688 0 0 0 120 0 8693 0 23195 0 190696 0 0 0 BROCK SMITH ASST. PROF.-NURSE ANESTHESIA 170310 0 0 0 8400 0 8641 0 2552 0 189903 0 0 0 JAMES BARNETT ASST. PROF.-NURSE ANESTHESIA 167922 0 0 0 4200 0 8471 0 4062 0 184655 0 0 0 PART I, LINE 1A THE PRESIDENT OF MOUNT MARTY UNIVERSITY, DR. MARCUS LONG, RECEIVES $2,000 PER MONTH FOR A HOUSING STIPEND. THIS AMOUNT IS TAXABLE ON HIS W-2. A CITY OF YANKTON SOUTH DAKOTA 466000567 2019-06-28 13841310 CONSTRUCTION, FURNISHING, AND EQUIPPING OF FIELDHOUSE 0 0 0 A 1359242 13841310 209756 41800 13589754 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 X 8 184622 FMV X TRAVEL 4 119218 FMV X SUPPLIES 1 750 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A THE BOARD EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL INCLUDE THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE UNIVERSITY'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 2 DENIS FOKKEN AND ROB STEPHENSON HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE UNIVERSITY AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE UNIVERSITY; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE UNIVERSITY AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE UNIVERSITY; (E) TO AMEND THE BYLAWS OF THE UNIVERSITY; (F) TO OVERSEE THE UNIVERSITY'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE UNIVERSITY'S FINANCIAL POSITION; (G) TO RECEIVE THE UNIVERSITY'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE UNIVERSITY, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE UNIVERSITY; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE & AUDIT COMMITTEE REVIEWS THE 990 AND A COPY OF THE 990 IS PROVIDED TO THE FULL BOARD ALONG WITH A RECOMMENDATION FROM THE FINANCE & AUDIT COMMITTEE. THE FULL BOARD THEN REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE UNIVERSITY; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE UNIVERSITY. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS WAS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A MULTI-YEAR EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII: DR. J. LEE JOHNSON (BOARD DIRECTOR) SERVED AN AVERAGE OF 1.3 HOURS FROM JULY TO DECEMBER 2023 AND AN AVERAGE OF 5 HOURS FROM JANUARY TO JUNE 2024. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST OBLIGATIONS -21,326. CHANGE IN VALUE OF INTEREST RATE SWAP 66,651. FORM 990, PART XI, LINE 8: THE PRIOR PERIOD ADJUSTMENT IS THE RESULT OF AN ADJUSTMENT TO RECORD BALANCES AND TRANSACTIONS RELATED TO AN INTEREST RATE SWAP AGREEMENT FROM 2020. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER TRUSTS (1) CRT SD N/A T 1 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 1