2011-02-25T15:06:02-06:00 2010-05-31 BAKER TILLY VIRCHOW KRAUSE LLP 225 South Sixth Street Suite 2300 Minneapolis MN 55402 990 2009-06-01 410695527 St Marys University of Minnesota STMA 5074571443 700 Terrace Heights Winona MN 559871399 CYNTHIA MAREK 5074571443 2011-02-22 1 6128764500 2009 2016-02-24 21:20:13Z CYNTHIA MAREK 700 TERRACE HEIGHTS WINONA MN 55987 76128451 0 X www.smumn.edu X 1912 MN SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC INSTITUTION OFFERING COMPREHENSIVE UNDERGRADUATE AND GRADUATE PROGRAMS. ABOUT 1,400 STUDENTS ARE ENROLLED IN THE RESIDENTIAL UNDERGRADUATE COLLEGE AT THE WINONA CAMPUS, ESTABLISHED IN 1912. MORE THAN 4,500 STUDENTS ARE ENROLLED IN THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS, WHICH OFFERS CERTIFICATES, BACHELOR AND SPECIALIST PROGRAMS, MASTERS DEGREES AND DOCTORAL PROGRAMS. THE UNIVERSITY DELIVERS EDUCATION TO ITS ADULT LEARNERS THROUGH CAMPUSES IN MINNEAPOLIS; WINONA, NAIROBI, KENYA; CENTERS IN APPLE VALLEY; ROCHESTER; OAKDALE; AND MINNETONKA AND AT NUMEROUS OTHER LOCATIONS IN MINNESOTA, WISCONSIN AND JAMAICA. SAINT MARY'S IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE North CENTRAL ASSOCATION. 31 28 2291 210 9121 0 6189189 7400072 65515211 67133759 626055 743281 639570 594271 72970025 75871383 13194228 13802963 0 37051248 36510962 0 1397343 21765909 21559410 72011385 71873335 958640 3998048 118825470 128369133 43241315 44871526 75584155 83497607 Enriched by the Catholic, Lasallian heritage, Saint Mary's University of Minnesota awakens, nurtures, and empowers learners to ethical lives of service and leadership. 0 0 24125863 13802963 52317382 INSTRUCTION: Saint Marys University of Minnesota has two primary academic units: The College and the Schools of Graduate and Professional Programs (SGPP). The College consists of the traditional undergraduate Bachelor of Arts experience based on the Winona campus. The SGPP includes continuing education offerings, certificate programs, Bachelor of Science completion program, master's programs, an Education Specialist program, and two doctoral programs. The SGPP is based on both Twin Cities and Winona campuses, with centers in Rochester, Apple Valley, Minnetonka and Oakdale, MN. Across the 12-month 2009-10 academic year the College enrolled 1452 students and offered 45,455 instructional activity credit hours. The University expects to maintain enrollment at the college in the 2010-11 academic year and deliver approximately 49,000 credit hours. The SGPP expects to experience some growth (3-5%) in instructional credit hours in 2010-11 and a growth in total headcount of approximately 2-3%. The University offers 58 majors with the Bachelor of Arts program. The university offers an additional 66 programs within the SGPP. SAINT MARYS UNIVERSITY OF MINNESOTA ALSO RECEIVED GRANTS TOTALING $13,802,963. 9611904 6916350 STUDENT SERVICES: In 2009-10, 324 traditional undergraduate students (about 24% of that population) participated in 21 NCAA division III sports offered at Saint Marys University. Annual participation in athletics is generally 25%; participation in intramural activities annually is more than 40%. The financial aid office processed $55,595,963 in loans, grants, work study and scholarship for the entire University in 2009-10. In 2009-10, 4% of traditional undergraduate students were formally registered as student with disabilities with the institution's office of disability services, the majority which utilized services offered by the University. Over 181 international students were enrolled at the University in 2009-10 and the expectation is that this population will continue to grow representing a 3-5% increase in the overall population. 9237869 7622987 Institutional: The University received $5,452,148 in gifts from 3714 benefactors in 2009-10. The (traditional undergraduate college) alumni giving percentage was 17.2% as reported by CASE.The University serves students at over 100 locations in Minnesota and at approximately 30 locations in Wisconsin, each year. By bringing our program/courses to locations that are more accessible to working adults, the University provides education to those who might not otherwise be able to travel to campus locations. This model of off-campus delivery will be utilized in the future, and more recently, the University has begun offering online components to traditional classroom courses (blended delivery). 18426811 869979 INSTITUTIONAL SUPPORT, INCLUDING OPERATION OF PLANT AND DEPRECIATION 18426811 869979 61402447 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 121 0 2291 1 1 1 0 0 0 0 0 0 0 0 0 31 28 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X MS CYNTHIA MAREK 5074571443 700 TERRACE HEIGHTS 8 WINONA MN 55987 Br Gustavo Ramirez Barba 1.00 X 0 0 0 Br Francis Carr 1.00 X 0 0 0 Br Michael Collins 1.00 X 0 0 0 Br Patrick Conway 1.00 X 0 0 0 James L Coogan 1.00 X 0 0 0 Br Konrad Diebold 1.00 X 0 0 0 Michael J Dooley 1.00 X 0 0 0 Michael G Dougherty 1.00 X 0 0 0 Thomas E Dyer 1.00 X 0 0 0 Karen George 1.00 X 0 0 0 Michael M Gostomski 1.00 X 0 0 0 William Herzog 1.00 X 0 0 0 Mark Jacobs 1.00 X 0 0 0 Linda A Kuczma 1.00 X 0 0 0 Br William Mann 1.00 X 0 0 0 Br Michael McKenery 1.00 X 0 0 0 Michael J Meagher 1.00 X 0 0 0 Paul Meyer 1.00 X 0 0 0 Br Frederick Mueller 1.00 X 0 0 0 Salvatore F Polizzotto 1.00 X 0 0 0 Br David Poos 1.00 X 0 0 0 Hamid Quraishi 1.00 X 0 0 0 Richard J Reedy 1.00 X 0 0 0 Mary Ann Remick 1.00 X 0 0 0 Joseph J Ross 1.00 X 0 0 0 Terrance K Russell 1.00 X 0 0 0 Patrick A Salvi 1.00 X 0 0 0 Mary Ann Smith 1.00 X 0 0 0 Walter E Smithe 1.00 X 0 0 0 Celeste L Suchocki 1.00 X 0 0 0 Robert H Wheeler 1.00 X 0 0 0 Lyle Delwiche 1.00 X 0 0 0 Thomas F Meagher 1.00 X 0 0 0 Loras H Sieve 1.00 X 0 0 0 David Thies 1.00 X 0 0 0 Bernie Wagnild 1.00 X 0 0 0 Bedtke James 40.00 X 120145 0 14510 Conover Robert 40.00 X 67916 0 14333 DeThomasis Louis 20.00 X 0 0 5183 Highland Jeffrey 40.00 X 135064 0 5543 Kendall Christopher 40.00 X 68045 0 12759 Mann William 40.00 X 0 0 29521 Mans Thomas 40.00 X 115018 0 13920 Marek Cynthia 40.00 X 110371 0 13598 Merchlewitz Ann 40.00 X 77651 0 12639 Piscitiello Anthony 40.00 X 114642 0 8514 Sweeney Joseph 40.00 X 145228 0 5929 954080 0 136449 14 0 1 0 Chartwells 700 Terrace Heights Winona MN 55987 Food Service 2120102 Winona Heat and Ventilating 374 East Second Street Winona MN 55987 Contractor 247225 Glenn Rehbein Companies 8651 Naples Street NE Blaine MN 55449 Construction 149144 Clear Channel Outdoor PO Box 847247 Dallas TX 75284 Advertising 141934 Minnesota Private College Council 445 Minnesota St Suite 500 St Paul MN 55101 Consortium services 139909 6 2431096 4968976 251282 7400072 TUITION AND FEES 541900 59672877 59672877 AUXILIARY ENTERPRISES 611710 7460882 7459550 1332 67133759 748585 7789 740796 251764 257068 -5304 -5304 -5304 MISCELLANEOUS 611710 594271 594271 594271 75871383 67726698 9121 735492 13802963 13802963 954080 388812 451766 113502 29376192 26889224 2416457 70511 1509867 1138310 303601 67956 2462346 1856387 495120 110839 2208477 1664993 444073 99411 195000 195000 590349 590349 1237812 933199 248895 55718 6025793 4542904 1211647 271242 166418 125464 33463 7491 2618185 1973875 526456 117854 1830405 1379960 368052 82393 50248 37882 10104 2262 672599 507079 135244 30276 2601388 1961211 523079 117098 280426 211416 56387 12623 STAFF TUITION DISCOUNTS 1894655 1428399 380971 85285 EQUIPMENT RENTAL & MAIN 1356995 1023052 272860 61083 SPECIAL PROGRAMS 919452 693184 184880 41388 STIPENDS AND STUDENT RE 330705 249322 66497 14886 Other Misc Costs 299559 225840 60235 13484 489421 368971 98409 22041 71873335 61402447 9073545 1397343 834985 4483426 10187510 15329351 1947000 2196000 5072319 5184870 3092604 3184770 206323 301930 89947278 41397946 49805200 48549332 28156059 27849188 597492 4087022 18925978 17203244 118825470 128369133 3107300 3555470 2966571 2982522 7354205 7868052 13030000 12879108 265315 16517924 17586374 43241315 44871526 X 45720606 51531258 7054983 8347899 22808566 23618450 75584155 83497607 118825470 128369133 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196540 X 0 29287566 3781308 4363617 1085001 54394 85282 36207814 36071170 2484989 -9016925 5025 67443 179200 29287566 0.32000 0.68000 1 0 1457394 1457394 60349239 19197912 41151327 3149836 1407339 1742497 20773491 17503419 3270072 4217318 3289276 928042 48549332 DEFERRED DEBT ACQUISITION COSTS 218024 FUNDS HELD FOR OTHERS 15624450 Deposits with Bond trustees 1279101 Cash Surrender Value Of LIfe insurance 81669 17203244 ANNUITIES PAYABLE 678279 REFUNDABLE DEPOSITS 858898 DEPOSITS HELD IN CUSTODY FOR OTHERS 123573 FUNDS HELD FOR OTHERS 15349279 ASSET RETIREMENT OBLIGATION 576345 17586374 75871383 71873335 3998048 3811666 103738 3915404 7913452 65696477 3811666 3811666 61884811 195000 13791572 13986572 75871383 57783025 -92347 -92347 57875372 195000 13802963 13997963 71873335 Part III, Line 4: THE ARTWORK AT SAINT MARY'S INCLUDES PRINTS AND sculptures that help to support our LaSallian mission and enhance the scholarly atmosphere. Part V, Line 4: Description of Intended Use of Endowment Funds: Endowment fund earnings are used to support student scholarships, student assistance, and some program endowments. Part X: Description of Uncertain Tax Positions Under FIN 48: In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the University addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the University 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 University 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: GAIN ON FUNDS HELD IN TRUST BY OTHERS: $11,391 GAIN ON ACTUARIAL ADJUSTMENT: $92,347 PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS: $13,802,963 GAIN ON FUNDS HELD IN TRUST BY OTHERS: -$11,391 Investment Management Fees: $195,000 PART XIII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ACTUARIAL ADJUSTMENT: -$92,347 PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS: $13,802,963 Investment Management Fees: $195,000 1 1 0 Saint Mary's University includes a racially nondiscriminatory POLICY on all applications, our website, our undergraduate and graduate catalogs, our Fact sheet, our graduate program information sheets and our undergraduate Student Resource and Daily Planner. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. 1 Central American and Caribbean (Jamaica) 1 6 PROGRAM SERVICES EDUCATION 10000 EUROPE (LONDON) 1 6 PROGRAM SERVICES EDUCATION 128211 SUB-SAHARA AFRICA (KENYA) 2 2 PROGRAM SERVICES EDUCATION 4000 4 14 142211 1 SCHOLARSHIPS AND GRANTS - SEE UNIVERSITY FOR CURRENT LISTING 1849 13802963 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Saint Mary's distributes scholarships based on need and merit. Need based scholarships are awarded by the Financial Aid office using the information from the results of the FAFSA (Free Application for Federal Student Aid). Merit based scholarships are awarded by the Admissions Office using the information from the student's official high school transcripts and the results of the standardized test (ACT, SAT, etc.). For Students receiving grantS and scholarship funds with renewal conditions, those conditions are verified by the Financial Aid Administrator prior to the award being reneweD (GPA, year of attendance, etc.) X 1 1 X X 1 0 0 0 0 0 0 0 0 Sweeney Joseph 144466 0 500 0 262 0 0 0 5929 0 151157 0 0 0 Part I, Line 1a The University paid housing allowance for the President. Minnesota Higher Education Facilities Authority 410988525 604151HQZ 2010-05-20 4099216 Refinance prior bond for preferred rate 1 0 4099216 369355 3646335 1541 81984 2010 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Tuition Assistance to interested pe Interested persons Tuition discount Amount $ 73860. MICHAEL GOSTOMSKI WINONA HEATING A CURRENT TRUSTEE 518113 Reroofing of buidlings through the maintenance department. These were conducted in the normal course of business. 0 X 5392 Cost or Selling Price X 600 Cost or Selling Price X 1 749 Cost or Selling Price X 8 238177 Cost or Selling Price X Alumni Events 6 2167 Cost or Selling Price X Education Equipment 3 1413 Cost or Selling Price X Athletic Equipment 1 2784 Cost or Selling Price 0 0 0 1 Third Party Use: Part I, Line 32b: Saint Mary's University's policy is to sell all stock gifts received at the time of receipt. We use various brokers depending on the relationship with the donor. Form 990, Part VI, Section A, line 1 The Executive Committee is a Standing Committee of the Board of trustees composed of the Chair, the Vice Chair, the President, the Secretary, the Treasurer, the Chair of each of the Standing Committees, and the Provincial of the Midwest District of the Brothers of the Christian Schools (or any successor entity). The Executive Committee has the full powers of the Board to take such action as may be necessary or appropriate in the event of an emergency or other exigent circumstances, as determined by either the President or the Chair. Form 990, Part VI, Section A, line 6 The Brothers of the Christian Schools are considered members of the University. Form 990, Part VI, Section B, line 11 The Audit Comittee of the Board of Trustees has the responsibility of reviewing and approving the Form 990. After review by the audit committee, the Board of Trustees will receive a copy of the Public Inspection copy of the 990. Form 990, Part VI, Section B, line 12c In June of each year, trustees, office holders and committee members disclose in writing: (1) all contracts or business transactions between the University and the trustee, office holder or committee member; (2) all contracts of business transactions between the University and a family member; and (3) all contracts or business transactions between the university and an organization in which the trustee, office holder or committee member or their family member has a material financial interest. A report of all potential conflicts is gathered by the General Counsel and the Executive Committee meets to determine whether a conflict of interest exists or appears to exist. The Executive Committee records a summary of the interest, the determinations made and the actions taken by the committee regarding the possible conflict. Form 990, Part VI, Section B, line 15a Used for the President and one top management position. Data on salary of comparable institutions was provided to the chair of the board from an outside consultant who specializes in determining market based conpensation rates for key positions. Form 990, Part VI, Section C, line 19 Articles of Incorporation are public documents available from the Secretary of State. The conflict of Interest Policy is available on the university's website. Financial statements are available upon request and through EMMA (electronic municipal market access). Form 990, Part XI, Line 2C Oversight of the audit The process for the oversight of the audit has not changed from the prior year.