2011-01-18T14:32:52-06:00 2010-06-30 bAKER Tilly Virchow Krause LLP 225 S Sixth Street Suite 2300 Minneapolis MN 55402 990 2009-07-01 510166951 Minnesota Private College Fund MINN 6512289061 BREMER Tower 445 Minnesota St No 500 St Paul MN 55101 Paul Cerkvenik 6512289061 2011-01-19 1 Lawrence H Mohr CPA 6128764630 2009 2016-02-24 21:20:13Z Paul Cerkvenik 445 Minnesota Street Suite 500 St Paul MN 55101 1539433 0 X www.mnprivatecolleges.org X 1975 MN The Minnesota Private College Fund works to develop financial support for educational and operating expenses of our members. Funds were distributed to 17 members in FY 2010. 38 36 7 0 0 0 1499495 1020288 586785 504700 16769 5445 9000 2103049 1539433 1380650 1170928 0 324408 248582 62400 184672 201991 184427 1907049 1666337 196000 -126904 1749372 1640250 174874 192656 1574498 1447594 To preserve and enhance quality private higher education to serve the education and economic needs of our region while strengthening our cultural and economic fabric. 0 0 1396786 1170928 504700 Distribution of financial support for the 17 member private colleges and universities. 1396786 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 7 1 0 0 0 0 0 0 0 0 0 38 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X Mary Metzler 6512936807 445 Minnesota St 500 St Paul MN 55101 X David R Anderson 1.00 X 0 0 0 MaryAnn Baenninger 1.00 X 0 0 0 James H Barnes III 1.00 X 0 0 0 Dan Bruss 1.00 X 0 0 0 Alex C Cirillo Jr 1.00 X 0 0 0 John P Clifford Jr 1.00 X 0 0 0 Jay Coogan 1.00 X 0 0 0 Rev Dennis Dease 1.00 X 0 0 0 Paul Erdahl 1.00 X 0 0 0 Janet O Estep 1.00 X 0 0 0 Larry Goodwin 1.00 X 0 0 0 Joe Graba 1.00 X 0 0 0 Linda Hanson 1.00 X 0 0 0 Brad Hewitt 1.00 X 0 0 0 Robert Holst 1.00 X 0 0 0 Paul Dovre 1.00 X 0 0 0 Eric Jolly 1.00 X 0 0 0 Rev Robert Koopmann OS 1.00 X 0 0 0 Andrea J Lee IHM 1.00 X 0 0 0 Chris Mahai 1.00 X 0 0 0 Br William Mann FSC 1.00 X 0 0 0 Robert Mattison 1.00 X 0 0 0 Patrick Mazorol 1.00 X 0 0 0 Russell Michaletz 1.00 X 0 0 0 Tim Morin 1.00 X 0 0 0 Laurie Nordquist 1.00 X 0 0 0 Robert A Oden Jr 1.00 X 0 0 0 Jack Ohle 1.00 X 0 0 0 Paul Pribbenow 1.00 X 0 0 0 Brian Rosenberg 1.00 X 0 0 0 Nancy Siska 1.00 X 0 0 0 Beth Sparboe Schnell 1.00 X 0 0 0 David Sparby 1.00 X 0 0 0 David Swanson 1.00 X 0 0 0 Jean Taylor 1.00 X 0 0 0 Loanne Thrane 1.00 X 0 0 0 Robert Vanasek 1.00 X 0 0 0 Edward T Wahl 1.00 X 0 0 0 Paul D Cerkvenik 40.00 X X 0 28677 2430 Mary Metzler 40.00 X 0 81073 16074 David B LairdJr 40.00 X 0 204960 43297 0 314710 61801 0 1 1 0 0 1020288 1020288 Quarterly assessments 611710 504700 504700 504700 5445 5445 Miscellaneous 900099 9000 9000 9000 1539433 504700 0 14445 1170928 1170928 43093 38784 4309 150853 81897 28703 40253 12328 6041 247 6040 24315 11506 1303 11506 17993 12583 2372 3038 33600 9600 24000 342 342 8651 8651 62400 62400 6444 6444 10397 5094 209 5094 19734 9671 394 9669 5701 5701 58181 28509 1163 28509 2710 1328 54 1328 10579 4758 963 4858 5737 2868 2869 3306 3306 Dues & Subscriptions 14780 7243 294 7243 Loss on Contribution Re 2400 2400 Professional Developmen 1865 1865 1666337 1396786 84879 184672 822952 881848 840340 637629 68 408 20128 20977 147579 128818 4929 18761 60955 80627 1749372 1640250 862 240 107728 111684 66284 80732 174874 192656 X 529403 592233 1045095 855361 1574498 1447594 1749372 1640250 X 0 1 1 X 0 X 1665627 3329226 1574179 2086280 1524988 10180300 1665627 3329226 1574179 2086280 1524988 10180300 3056733 7123567 7944 11577 14763 7769 5445 47498 11185 9217 9020 9000 9000 47422 10275220 0.69330 0.70240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147579 128818 18761 18761 1539433 1666337 -126904 0 -126904 1539433 0 1539433 0 1539433 1666337 0 1666337 0 1666337 Part X: Description of Uncertain Tax Positions Under FIN 48: The Fund is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable statutes of the State of Minnesota. Effective in March 2008, the Fund was classified as a public charity under Section 509(a)(1) by the Internal Revenue Service. In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the Organization addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the Organization 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. 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. X X 1 SARMARK INC DBA MARK KRONHOLM CONSULTING Consult and advise on Fund's annual campaign 0 0 62400 -62400 62400 -62400 MN 1 Augsburg College 2211 Riverside Ave MINNEAPOLIS MN 55454 410694721 501(c )(3) 81559 Operations, Student Scholarships Bethany Lutheran College 700 Luther Dr MANKATO MN 56001 410747165 501(c )(3) 61059 Operations, Student Scholarships Bethel University 3900 Bethel Dr ST PAUL MN 55112 410708577 501(c )(3) 67664 Operations, Student Scholarships Carleton College One North College St NORTHFIELD MN 55057 410694747 501(c )(3) 61167 Operations, Student Scholarships College of Saint Benedict 37 College Ave So ST JOSEPH MN 56374 410969244 501(c )(3) 69878 Operations, Student Scholarships College of St Scholastica 1200 Kenwood Ave DULUTH MN 55811 410698301 501(c )(3) 68483 Operations, Student Scholarships Concordia College 901 South 8th St MOORHEAD MN 56562 410693977 501(c )(3) 68552 Operations, Student Scholarships Concordia University 275 North Syndicate ST PAUL MN 55104 410696906 501(c )(3) 59319 Operations, Student Scholarships Gustavus Adolphus College 800 West College Ave ST PETER MN 56082 410695524 501(c )(3) 81561 Operations, Student Scholarships Hamline University 1536 Hewitt Ave St ST PAUL MN 55104 410693960 501(c )(3) 76526 Operations, Student Scholarships Macalester College 1600 Grand Ave ST PAUL MN 55105 410693962 501(c )(3) 58476 Operations, Student Scholarships Minneapolis College of Art & Design 2501 Stevens Ave So MINNEAPOLIS MN 55404 411607453 501(c )(3) 54022 Operations, Student Scholarships Saint John's University PO BOX 2000 COLLEGEVILLE MN 56321 410693973 501(c )(3) 60166 Operations, Student Scholarships Saint Marys University of Minnesota 700 Terrace Heights WINONA MN 55987 410695527 501(c )(3) 59055 Operations, Student Scholarships St Catherine University 2004 Randolph Ave st pAUL MN 55105 410695509 501(c )(3) 73771 Operations, Student Scholarships st Olaf College 1520 St Olaf Ave noRTHFIELD MN 55057 410693979 501(c )(3) 71254 Operations, Student Scholarships university of St Thomas 2115 Summit Ave st pAUL MN 55115 410693970 501(c )(3) 94460 Operations, Student Scholarships 17 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: MPCF members are provided with scholarship guidelines and restrictions in accordance with donor restrictions. Each member institution awards scholarships based on these guidelines and all disbursements are monitored by each respective institution's financial aid office. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 David B LairdJr 0 181676 0 0 0 23284 0 18738 0 24559 0 248257 0 0 Supplemental Information Part III Taxpayer authorizes membership at a club for the president to conduct business and board meetings. Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of the Board Chair, Past Chair, Vice Chair, Secretary/Treasurer, President, and Chairs of each standing committee (provided they are also directors). The Executive Committee has the authority of the Board in the management of the business of the organization in the interval between meetings of the Board, and is subject at all time to the control and direction of the Board. Form 990, Part VI, Section B, line 11 Prior to filing Form 990, a draft is mailed to the Board and reviewed. Form 990, Part VI, Section B, line 12c All Board members and staff are asked annually to fill out a conflict of interest disclosure. Persons disclosing a conflict of interest must leave the meeting (Board, committee or staff meeting) while determination of conflict of interest is made. If deemed a conflict of interest, persons may make a presentation regarding the proposed transaction or arrangement, but then must leave the meeting before discussion and action on the proposed transaction or arrangement. Form 990, Part VI, Section B, line 15a The Executive Committee annually reviews and approves the compensation and benefit plan for the President. The committee uses comparability data obtained from three sources, including the NAICUSE State Executive Survey. A rebuttable presumption checklist is prepared to document the decision. The president's salary was reviewed in October 2009 coincident with the hiring of the new president. Form 990, Part VI, Section C, line 19 The Fund will provide copies of its governing documents, conflict of interest policy, and financial statements to the public upon request. Part XI, Line 2c There was no changes to the process from the prior year. Form 990, Part V, Lines 1A and 2A W2 and 1099 Reporting The Minnesota Private College Fund, Minnesota Private College Research Foundation, and Minnesota Private College Council are related nonprofit associations utilizing a common board of directors and administration exclusively for the benefit of charitable and educational purposes with the objective of promoting the general welfare of higher education and the advancement of learning for the public good. The membership of the Fund is limited to nonprofit, tax-exempt, independent colleges and universities in the state of Minnesota with curriculums leading to a bachelor's degree that are fully accredited by the North Central Association of Colleges and Secondary Schools. There are currently 17 members. The wages for employees of the three associations are based on time spent on activities within their respective association. Minnesota Private College Council 445 Minnesota St Ste 500 St Paul MN 55101 416008838 Advocacy for higher education and private higher education MN 501 (c) (3) 509 (a)(2) Minneota Private College Research Foundation 445 Minnesota St Ste 500 St Paul MN 55101 237128350 Higher education research MN 501 (c) (3) 509 (a)(2) Partners for Education Opportunity 445 Minnesota St Ste 500 St Paul MN 55101 411891401 Higher education related activity MN 501 (c) (4) 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1