2011-09-08T12:00:07-05:00 2010-05-31 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2009-06-01 350868158 THE CORPORATION OF SAINT MARY'S COLLEGE NOTRE DAME CORP 5742844553 153 LEMANS HALL NOTRE DAME IN 46556 RICHARD SPELLER 2011-04-08 true 3128997000 2009 2016-02-24 21:20:13Z CAROL ANN MOONEY 153 LEMANS HALL NOTRE DAME IN 46556 157182471 false 0928 X WWW3.SAINTMARYS.EDU X 1972 IN THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME IS A CATHOLIC, RESIDENTIAL, WOMEN'S COLLEGE IN THE LIBERAL ARTS TRADITION WHERE WOMEN DEVELOP THEIR TALENTS AND PREPARE TO MAKE A DIFFERENCE IN THE WORLD. 36 34 1792 125 167769 -253746 12127909 11291013 57608814 62164200 -18225142 7105285 1046963 1013677 52558544 81574175 17116988 19671044 0 31443317 32313575 0 2480088 23643468 23932500 72203773 75917119 -19645229 5657056 222707318 232402595 64363996 62882027 158343322 169520568 THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) IS A CATHOLIC, RESIDENTIAL, WOMEN'S COLLEGE IN THE LIBERAL ARTS TRADITION. (CONTINUED IN SCHEDULE O) false false 65748295 19671044 61959222 AS A CENTER OF HIGHER EDUCATION, THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) FOSTERS AN ACADEMIC CLIMATE OF SCHOLARSHIP AND LEARNING FOR FACULTY AND STUDENTS ALIKE. THROUGH EXCELLENCE IN TEACHING AND THE EXAMPLE OF ITS OWN ACTIVE SCHOLARSHIP, THE FACULTY CHALLENGES STUDENTS TO EXPAND THEIR HORIZONS AND SUPPORTS THEM IN THEIR INTELLECTUAL PURSUITS. A BROAD-BASED COURSE OF STUDY INVITES STUDENTS TO THINK CRITICALLY AND CREATIVELY ABOUT THE NATURAL WORLD AND HUMAN CULTURE. ACKNOWLEDGING THE NEED TO PREPARE WOMEN FOR AN ARRAY OF CAREERS, SAINT MARY'S INSISTS ON A LIBERAL ARTS FOUNDATION FOR ALL ITS STUDENTS. THROUGH THEIR YEARS AT SAINT MARY'S, STUDENTS ACQUIRE DEPTH AND BREADTH OF KNOWLEDGE, COMPETENCE IN QUANTITATIVE SKILLS AND MODERN LANGUAGES, THE ABILITY TO THINK CLEARLY ABOUT COMPLEX PROBLEMS, AND THE CAPACITY TO COMMUNICATE WITH PRECISION AND STYLE. (CONTINUED IN SCHEDULE O) 65748295 true true false false false false true false true true true false true true true false true false false false false false true true true false false false false false false false false false false true true false false false false false false false true 2320 0 true 1792 true true true true CA CJ EI IT false false false false false false false 36 34 false false true false false true false true true false false true true true true true true true true false AZ DC IN MD MA MI RI X JAMES H HERSCHEL 5742844553 153 LEMANS HALL NOTRE DAME IN 46556 SUSAN FITZGERALD RICE 2 X X 0 0 0 BEVERLY TROXLER O'GRADY 2 X X 0 0 0 JOHN J O'CONNOR 2 X X 0 0 0 CAROL ANN MOONEY 50 X X 359015 0 34779 M SUZANNE SCHERER CALANDRA 2 X X 0 0 0 WILLIAM J SCHMUHL JR 2 X 0 0 0 JOYCE MCMAHON HANK 2 X 0 0 0 SISTER RACHEL CALLAHAN CSC 2 X 0 0 0 JOHN B VEIHMEYER 2 X 0 0 0 JOANNE R SNOW 2 X 72627 0 18162 SISTER AGNES ANNE ROBERTS CSC 2 X 0 0 0 SISTER KATHLEEN REILLY CSC 2 X 0 0 0 JOANN MCDERMOTT REED 2 X 0 0 0 JENNIFER MATHILE PRIKKEL 2 X 0 0 0 CARMEN MURPHY 2 X 0 0 0 REV KENNETH M MOLINARO CSC 2 X 0 0 0 JOHN A MARTELL 2 X 0 0 0 REV EDWARD A MALLOY CSC 2 X 0 0 0 ELIZABETH BERMINGHAM LACY 2 X 0 0 0 RAYMOND L KRATZER 2 X 0 0 0 SISTER CATHERINE KAMPHAUS CSC 2 X 0 0 0 THOMAS JOYCE 2 X 0 0 0 ROSE MARIE LOPEZ JONES 2 X 0 0 0 HOLLYE HARRINGTON JACOBS 2 X 0 0 0 KRISTLE D HODGES 2 X 0 0 0 SISTER MAUREEN GRADY CSC 2 X 0 0 0 KAREN SCHULTZ GOODYEAR 2 X 0 0 0 SISTER MICHELLE GERMANSON OP 2 X 0 0 0 SISTER MARY LOUISE FULL CSC 2 X 0 0 0 SARAH BELANGER EARLEY 2 X 0 0 0 PAULA M DAWNING 2 X 0 0 0 ELIZABETH R CULLIGAN 2 X 0 0 0 VINCENT C CAPONI 2 X 0 0 0 MARY L BURKE 2 X 0 0 0 SISTER JUDITH ANNE BEATTIE CSC 2 X 0 0 0 SISTER ALMA MARY ANDERSON CSC 2 X 0 0 0 SISTER MARY LOUISE GUDE CSC 50 X 0 0 0 KAREN A JOHNSON 50 X 99767 0 14025 DANIEL L MEYER 50 X 126849 0 22211 RICHARD SPELLER 50 X 73393 0 12146 SHARON M RODRIGUEZ 50 X 136846 0 19267 PATRICIA A FLEMING 50 X 172703 0 25191 WILLIAM HAMBLING 50 X 100555 0 16363 JANICE THOMASSON 50 X 105556 0 20556 BRUCE FINK 50 X 191778 0 14176 LAURIE STICKELMAIER 0 X 40739 0 4988 1479828 0 201864 7 true true false SODEXO 90 SOUTH HIGH STREET DUBLIN OH 43017 FOOD SERVICE 2580849 ZIOLKOWSKI CONSTRUCTION INC 1005 S LAFAYETTE STREET SOUTH BEND IN 46601 CONSTRUCTION 1169894 COMMUNICATION COMPANY OF SOUTH BEND 5320 SOUTH MAIN STREET SOUTH BEND IN 46614 CONSTRUCTION 319792 KRC ROOFING AND SHEET METAL INC 3702 WEST SAMPLE STREET SOUTH BEND IN 466192947 CONSTRUCTION 235460 DYNAMIC MECHANICAL SERVICES INC 1606 CHESTNUT STREET MISHAWAKA IN 46545 CONSTRUCTION 235379 12 0 0 0 0 805545 10485468 5109634 11291013 STUDENT TUITION AND FEES 48467121 48467121 0 0 ROOM AND BOARD 12799694 12799694 0 0 SUMMER CAMPS/EVENTS/ATHLETICS 721000 897385 692407 204978 0 0 0 0 0 0 0 0 0 0 0 0 0 62164200 2362740 0 -37209 2399949 0 0 0 0 1721 0 0 1721 0 0 0 0 0 0 0 0 0 0 78993044 9674 74253442 6731 4739602 2943 4742545 0 0 4742545 0 0 0 0 0 0 0 0 0 0 0 0 0 1760022 1348123 411899 0 0 411899 COPIERS/PRINTING/LOFTS/PARKING/OTHER FEES 147078 0 0 147078 LAUNDRY/VENDING/OTHER FOOD SERVICES 98911 0 0 98911 PERFORMING ARTS/CHOIR 39910 0 0 39910 314158 0 0 314158 600057 81574175 61959222 167769 8156171 0 0 19376871 19376871 294173 294173 0 0 1129818 438436 516298 175084 0 0 0 0 23146419 19652806 2343837 1149776 2236530 1558991 576680 100859 4082677 3355102 498893 228682 1718131 1448557 179505 90069 0 0 0 0 32694 24316 8378 0 34050 0 26550 7500 0 0 0 0 0 0 551165 0 551165 0 6157513 5071515 699521 386477 190702 118146 57685 14871 2351653 1655567 525227 170859 0 0 0 0 0 0 0 0 2701789 2478402 206802 16585 802034 645568 69264 87202 0 0 0 0 171534 167726 2915 893 2067362 2000563 64102 2697 0 0 0 0 5048938 4651082 386244 11612 431180 3189 418081 9910 FOREIGN PROGRAMS 2451436 2449211 0 2225 FACULTY DEVELOPMENT 201839 69977 129658 2204 MEMBERSHIPS AND DUES 174059 78815 72875 22369 MISCELLANEOUS 564552 209282 355056 214 0 0 0 0 0 0 0 0 75917119 65748295 7688736 2480088 0 0 0 0 10971 11078 9180739 9933602 6959836 5956326 1173561 1674580 0 0 0 0 2039571 1668877 734830 845242 670674 516646 153116677 63131479 91290941 89985198 75836520 87938267 33212152 32415958 0 0 0 0 1597523 1456821 222707318 232402595 11188574 11480648 237774 262339 1929642 2017352 47069595 45438450 0 0 0 0 1498600 1360061 0 0 2439811 2323177 64363996 62882027 X 97992445 101759174 19013174 22656439 41337703 45104955 0 0 0 0 0 0 158343322 169520568 222707318 232402595 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27500 215190 X X false 108381484 4475696 10882760 0 6174578 0 117565362 140117922 8758639 -34479835 6015242 108381484 0.4844 0.3693 0.1463 true false 0 2788760 2788760 0 114641148 36139376 78501772 0 3411300 2302645 1108655 0 32060279 24689458 7370821 0 215190 0 215190 89985198 0 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 1154243 F BENEFICIAL INTEREST IN COMMUNITY FOUNDATION 289836 F ALTERNATIVE INVESTMENTS - HEDGE FUNDS AND FUND OF FUNDS 13241765 F ALTERNATIVE INVESTMENTS - PRIVATE CAPITAL AND REAL ESTATE 17730114 F 32415958 0 CAPITAL LEASE OBLIGATIONS 108058 ASSET RETIREMENT OBLIGATIONS 454423 ADVANCES FOR FEDERAL STUDENT LOANS 1760696 2323177 81574175 75917119 5657056 5880949 0 0 0 -360759 5520190 11177246 68771444 5880949 0 0 -20031803 -14150854 82922298 0 -1348123 -1348123 81574175 57594198 0 0 0 1348123 1348123 56246075 0 19671044 19671044 75917119 Collections of art - description of collections Schedule D, Part III, Line 4 THE ORGANIZATION'S COLLECTIONS OF ART CONSIST PRIMARILY OF DONATED WORKS OF ART THAT ARE ON DISPLAY IN PUBLIC SPACES. THESE WORKS OF ART ARE INTENDED TO PROVIDE A WELCOMING ENVIRONMENT FOR STUDENTS, FACULTY, AND VISITORS, WHICH IS IN LINE WITH THE ORGANIZATION'S MISSION. Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE FINANCIAL OBJECTIVES OF THE ENDOWMENT FUND AND IN A MANNER CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. FIN 48 footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS SUCH, THE COLLEGE IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES EXCEPT FOR CERTAIN INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AS DEFINED BY THE IRC. ANY SUCH TAXES RESULTING FROM UNRELATED BUSINESS ACTIVITIES ARE INSIGNIFICANT TO THE OPERATIONS OF THE COLLEGE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT MAY 31, 2010 AND 2009. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2006 AND FOR ALL STATE INCOME TAXES THROUGH 2006. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF MAY 31, 2010 AND 2009. Other changes in net assets Schedule D, Part XI, Line 8 POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST - -360759; OTHER - 0; TOTAL - -360759 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d SCHOLARSHIPS AND REMISSIONS - -19671044; POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST - -360759; OTHER - 0; TOTAL - -20031803 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b COST OF GOODS SOLD - -1348123; OTHER - 0; TOTAL - -1348123 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d COST OF GOODS SOLD - 1348123; OTHER - 0; TOTAL - 1348123 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS AND REMISSIONS - 19671044; OTHER - 0; TOTAL - 19671044 true true true THE POLICY IS CLEARLY OUTLINED IN THE COLLEGE'S STATEMENT OF PHILOSOPHY AND PURPOSE. THIS STATEMENT IS INCLUDED IN THE COLLEGE'S BULLETIN AND NUMEROUS OTHER PUBLICATIONS MADE AVAILABLE TO STUDENTS. true true true true false false false false false false false false true false true true EUROPE (INCLUDING ICELAND AND GREENLAND) 1 18 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD PROGRAMS 3008432 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 1 18 3008432 MERIT-BASED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 2 44504 CREDIT STUDENT ACCOUNT 0 N/A N/A MERIT-BASED SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 55183 CREDIT STUDENT ACCOUNT 0 N/A N/A NEED-BASED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 5 194486 CREDIT STUDENT ACCOUNT 0 N/A N/A Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE UPON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. SAINT MARY'S COLLEGE IS COMMITTED TO MAKING IT POSSIBLE FOR QUALIFIED STUDENTS TO ENROLL AT THE COLLEGE REGARDLESS OF FINANCIAL CIRCUMSTANCES. AS PART OF THIS COMMITMENT, SAINT MARY'S COLLEGE OFFERS VARIOUS LEVELS OF ACADEMIC SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS AND INSTITUTIONAL GRANTS. ACADEMIC SCHOLARSHIP RECIPIENTS ARE SELECTED AT THE TIME OF ADMISSION, ON THE BASIS OF THEIR ACADEMIC ACHIEVEMENTS IN HIGH SCHOOL. NEED-BASED SCHOLARSHIPS ARE NAMED FOR A SPECIFIC DONOR OR GROUP, AND ARE AWARDED AS PART OF NEED-BASED INSTITUTIONAL GRANT ASSISTANCE, IN ACCORDANCE WITH THE SPECIFIC REQUIREMENTS OF THE SCHOLARSHIP DONOR. INSTITUTIONAL GRANTS ARE AWARDED PRIMARILY ON FINANCIAL NEED AS THE COLLEGE IS COMMITTED TO MAKING A SAINT MARY'S EDUCATION A POSSIBILITY FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED; EACH STUDENT WHO APPLIES FOR FINANCIAL AID RECEIVES CONSIDERATION FOR GRANT ASSISTANCE. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED OR OTHER SIMILAR STANDARDS. CRITERIA FOR ALL SCHOLARSHIPS IS PUBLISHED AND MADE AVAILABLE TO ALL STUDENTS AND THEIR FAMILIES. GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THEY ARE USED APPROPRIATELY AND FOR THEIR INTENDED PURPOSE. true MERIT-BASED SCHOLARSHIPS 1185 10682396 0 N/A N/A NEED-BASED SCHOLARSHIPS 780 6681126 0 N/A N/A DONOR RESTRICTED SCHOLARSHIPS 559 2307522 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE UPON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. SAINT MARY'S COLLEGE IS COMMITTED TO MAKING IT POSSIBLE FOR QUALIFIED STUDENTS TO ENROLL AT THE COLLEGE REGARDLESS OF FINANCIAL CIRCUMSTANCES. AS PART OF THIS COMMITMENT, SAINT MARY'S COLLEGE OFFERS VARIOUS LEVELS OF ACADEMIC SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS AND INSTITUTIONAL GRANTS. ACADEMIC SCHOLARSHIP RECIPIENTS ARE SELECTED AT THE TIME OF ADMISSION, ON THE BASIS OF THEIR ACADEMIC ACHIEVEMENTS IN HIGH SCHOOL. NEED-BASED SCHOLARSHIPS ARE NAMED FOR A SPECIFIC DONOR OR GROUP, AND ARE AWARDED AS PART OF NEED-BASED INSTITUTIONAL GRANT ASSISTANCE, IN ACCORDANCE WITH THE SPECIFIC REQUIREMENTS OF THE SCHOLARSHIP DONOR. INSTITUTIONAL GRANTS ARE AWARDED PRIMARILY ON FINANCIAL NEED AS THE COLLEGE IS COMMITTED TO MAKING A SAINT MARY'S EDUCATION A POSSIBILITY FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED; EACH STUDENT WHO APPLIES FOR FINANCIAL AID RECEIVES CONSIDERATION FOR GRANT ASSISTANCE. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED OR OTHER SIMILAR STANDARDS. CRITERIA FOR ALL SCHOLARSHIPS IS PUBLISHED AND MADE AVAILABLE TO ALL STUDENTS AND THEIR FAMILIES. GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THEY ARE USED APPROPRIATELY AND FOR THEIR INTENDED PURPOSE. X X true true X X X X false false false false false false false false false BRUCE FINK 161778 0 30000 0 0 0 5184 0 8992 0 205954 0 0 0 LAURIE STICKELMAIER 33239 0 7500 0 0 0 4289 0 699 0 45727 0 0 0 SHARON M RODRIGUEZ 136846 0 0 0 0 0 15387 0 3880 0 156113 0 0 0 PATRICIA A FLEMING 156428 0 16275 0 0 0 16199 0 8992 0 197894 0 0 0 CAROL ANN MOONEY 249429 0 95977 0 13609 0 25787 0 8992 0 393794 0 0 0 Travel for companions Schedule J, Part I, Line 1a TRAVEL EXPENSES FOR A SPOUSE ARE REIMBURSABLE IF IT CAN BE SHOWN THAT THE PERSON'S PRESENCE WAS DIRECTLY RELATED TO THE EFFECTIVE ACCOMPLISHMENT OF COLLEGE BUSINESS. THE PRESIDENT IS OFTEN REQUIRED TO HAVE EXTENSIVE AND UNIQUE CONTACT WITH KEY CONSTITUENCIES ON BEHALF OF THE COLLEGE. WHEN PERFORMING OFFICIAL DUTIES IN SUCH AREAS AS DEVELOPMENT, ALUMNI, COLLEGE RELATIONS, AND PROFESSIONAL ORGANIZATIONS (AND BECAUSE SPOUSES MAKE AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF THESE EVENTS), THE COLLEGE WILL PAY THE SPOUSE'S TRAVEL EXPENSES IF BOTH THE FOLLOWING CONDITIONS ARE MET: (1) THE SPOUSE ATTENDS AND CONTRIBUTES TO THE OFFICIAL FUNCTION. THIS INCLUDES EVENTS WHEN THE SPOUSES OF THE COLLEGE'S GUESTS ARE EXPECTED TO BE PRESENT. (2) THE PURPOSE OF THE TRAVEL AND THE EXPENSES INCURRED ARE FULLY DOCUMENTED AND THE ACTIVITIES OF THE SPOUSE RELATING TO COLLEGE BUSINESS ARE OUTLINED. SINCE THE TRAVEL EXPENSES PAID ON BEHALF OF THE PRESIDENT'S SPOUSE MET THE TWO CONDITIONS STATED ABOVE AND WERE FOR BUSINESS PURPOSES, THE AMOUNT IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION. Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT OF THE COLLEGE IS PROVIDED A HOUSING ALLOWANCE. THIS IS REPORTED ON HER W-2 AS TAXABLE COMPENSATION. ST JOSEPH COUNTY INDIANA 356000194 790608DM2 2007-03-29 37243692 ACQUISITION, CONSTRUCTION, FURNISHING AND IMPROVING FACILITIES AND REFUND PRIOR BOND ISSUES false false ST JOSEPH COUNTY INDIANA 356000194 2005-03-29 4000000 ACQUISITION, CONSTRUCTION, EXPANSION, RENOVATION AND EQUIPPING OF COLLEGE FACILITIES false false 37407742 0 14113201 0 752766 0 4003866 2009 true true true true 4000000 0 0 0 40000 0 1368829 2005 true false true true false false true false true 0.000 0.000 0.000 true false false true false true 0.000 0.000 0.000 true false false false NA 0.0 false NA 0.0 false true false false false NA 0.0 false NA 0.0 false true X 5 27500 OPINIONS OF EXPERTS X 50 4518665 MARKET VALUE X 1 550000 OPINIONS OF EXPERTS X VARIOUS EQUIPMENT 6 13469 MARKET VALUE 1 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a THE ORGANIZATION CURRENTLY USES MERRILL LYNCH TO SELL THE CONTRIBUTIONS OF STOCK AS THEY ARE RECEIVED. Explanation of revenues not reported Schedule M, Part I, Line 33 THE COLLEGE DOES NOT RECORD NON-CASH GIFTS THAT HAVE A VALUE LESS THAN $200. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE ORGANIZATION AMENDED ITS BYLAWS TO STIPULATE THE FOLLOWING: "THE OFFICERS OF THE BOARD, TOGETHER WITH THE CHAIR OF THE AUDIT COMMITTEE AND A CLASS ONE TRUSTEE, ON BEHALF OF THE BOARD, SHALL ANNUALLY REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT, OFFICERS, AND KEY EMPLOYEES." Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a SAINT MARY'S COLLEGE WAS FOUNDED BY THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS (THE CONGREGATION) IN 1844. IN 1994 THE CONGREGATION PASSED THE GOVERNANCE OF THE SAINT MARY'S COLLEGE TO THE BOARD OF TRUSTEES. THE CONGREGATION RETAINED THE RIGHT TO APPOINT THREE MEMBERS OF THE BOARD OF TRUSTEES. IN ADDITION TO THE APPOINTED MEMBERS, SEVEN OTHER MEMBERS OF THE BOARD OF TRUSTEES MUST BE FROM THE CONGREGATION OR OTHER ROMAN CATHOLIC RELIGIOUS CONGREGATIONS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS REVIEWED WITH OUR TAX ADVISORS AND APPROVED BY THE AUDIT COMMITTEE. A COPY IS ALSO SUPPLIED TO EACH BOARD MEMBER FOR THEIR REVIEW PRIOR TO ITS FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE QUESTIONNAIRES ARE PROVIDED TO EACH BOARD OF TRUSTEE MEMBER. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT MEMBER IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ALL OFFICERS OF THE COLLEGE, ALL EMPLOYEES WORKING IN THE FINANCIAL AID AND BUSINESS OFFICES, AND ALL EMPLOYEES AUTHORIZED TO SIGN FOR EXPENDITURES, ACTING AS PRINCIPALS ON GRANTS OR INVOLVED IN MAKING PURCHASES ON BEHALF OF THE COLLEGE ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE FORM. THE FORMS ARE REVIEWED BY THE DIRECTOR OF PURCHASING. IF THERE IS A POTENTIAL CONFLICT OF INTEREST THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION REVIEWS THE CORRESPONDING ISSUE AND DETERMINES IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DECISIONS OR ACTIONS REGARDING THE CONFLICTING ISSUE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT INCLUDED A REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, WHICH CONSISTS OF INDEPENDENT PERSONS. THE BOARD OF TRUSTEES USED COMPARABILITY WITH PEER DATA AS PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION AND OTHER AVAILABLE DATA FROM HIGHER EDUCATION INSTITUTIONS TO DETERMINE THE AMOUNT OF COMPENSATION. THIS PROCESS INVOLVED DETAILED INPUT FROM MEMBERS OF THE BOARD AND COLLEGE CONSTITUENT REPRESENTATIVES. THE MOST RECENT REVIEW PROCESS STARTED IN APRIL 2008, WHICH INCLUDED THE REVIEW AND APPROVAL OF THE PRESIDENT'S FIVE-YEAR CONTRACT, AND WAS DOCUMENTED IN THE BOARD MEETING MINUTES. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE OFFICERS OF THE BOARD, TOGETHER WITH THE CHAIR OF THE AUDIT COMMITTEE AND A CLASS ONE TRUSTEE, ANNUALLY REVIEW AND APPROVE THE COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS. AVAILABLE DATA FROM HIGHER EDUCATION INSTITUTIONS IS USED FOR COMPARABILITY IN ORDER TO DETERMINE THE APPROPRIATE AMOUNT OF COMPENSATION. THIS PROCESS IS DOCUMENTED IN THE BOARD MEETING MINUTES. Public Disclosure Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SEC. 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES IN THE FORM OF SCHOLARSHIP AND GRANT FUNDS FOR STUDENTS' TUITION AND RELATED EXPENSES. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) A PIONEER IN THE EDUCATION OF WOMEN, SAINT MARY'S IS AN ACADEMIC COMMUNITY WHERE WOMEN DEVELOP THEIR TALENTS AND PREPARE TO MAKE A DIFFERENCE IN THE WORLD. FOUNDED BY THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS IN 1844, SAINT MARY'S PROMOTES A LIFE OF INTELLECTUAL VIGOR, AESTHETIC APPRECIATION, RELIGIOUS SENSIBILITY, AND SOCIAL RESPONSIBILITY. ALL MEMBERS OF SAINT MARY'S REMAIN FAITHFUL TO THIS MISSION AND CONTINUALLY ASSESS THEIR RESPONSE TO THE COMPLEX NEEDS AND CHALLENGES OF THE CONTEMPORARY WORLD. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) AS A CATHOLIC COLLEGE, SAINT MARY'S CULTIVATES A COMMUNITY OF INTELLECTUAL INQUIRY, LITURGICAL PRAYER, AND SOCIAL ACTION. SAINT MARY'S CREATES AN OPEN FORUM IN WHICH STUDENTS FREELY AND CRITICALLY STUDY THE RICH HERITAGE OF THE CATHOLIC TRADITION, RAISING THE QUESTIONS NECESSARY TO DEVELOP A MATURE RELIGIOUS LIFE. THE CELEBRATION OF LITURGY ENCOURAGES STUDENTS TO EXPLORE THE FULLNESS OF LIFE AND ITS MYSTERIES. SAINT MARY'S NURTURES AWARENESS AND COMPASSION FOR A TROUBLED WORLD AND CHALLENGES STUDENTS TO PROMOTE HUMAN DIGNITY THROUGHOUT THEIR LIVES. IN PREPARING WOMEN FOR ROLES OF LEADERSHIP AND ACTION, SAINT MARY'S PAYS PARTICULAR ATTENTION TO THE RIGHTS AND RESPONSIBILITIES OF WOMEN IN THE WORLDS OF WORK, CHURCH, COMMUNITY, AND FAMILY. DEDICATED TO THE PERSONAL AND SOCIAL GROWTH OF ITS STUDENTS, SAINT MARY'S CULTIVATES A COMMUNITY OF STUDENTS, FACULTY, AND STAFF, WHICH RESPONDS TO THE NEEDS OF WOMEN. IN ORDER TO OFFER THE RICHEST EDUCATIONAL EXPERIENCE POSSIBLE, SAINT MARY'S STRIVES TO BRING TOGETHER WOMEN OF DIFFERENT NATIONS, CULTURES, AND RACES. IT PROVIDES A RESIDENTIAL ENVIRONMENT WHERE WOMEN GROW IN THEIR APPRECIATION OF THE STRENGTHS AND NEEDS OF OTHERS. THROUGH A HOST OF CO-CURRICULAR PROGRAMS ON CAMPUS AND IN THE LOCAL COMMUNITY, SAINT MARY'S INITIATES STUDENTS IN THE HABITS OF CIVIC RESPONSIBILITY. ENGAGING IN ALL ASPECTS OF THE COLLEGE EXPERIENCE, STUDENTS ACQUIRE THE HALLMARKS OF A LIBERALLY EDUCATED WOMAN: KEEN SELF-KNOWLEDGE, LIVELY IMAGINATION, LIFELONG INTELLECTUAL AND CULTURAL INTERESTS, AND THE ABILITY TO MAKE SOCIALLY RESPONSIBLE CHOICES ABOUT THE FUTURE. CALLED INTO BEING IN RESPONSE TO THE PETITIONS OF PARENTS WHO DESIRED A CHRISTIAN EDUCATION FOR THEIR DAUGHTERS, SAINT MARY'S HAS MET THE RECOGNIZED NEEDS OF EACH GENERATION OF STUDENTS. THEN, AS NOW, A STRONG BACKGROUND IN THE LIBERAL ARTS WAS DEEMED ESSENTIAL FOR WOMEN WHO WERE EDUCATED TO ASSUME LEADERSHIP ROLES IN THE RELIGIOUS, SOCIAL AND ECONOMIC STRUCTURES OF THEIR DAY. TODAY SAINT MARY'S CONTINUES TO FULFILL ITS ONGOING MISSION OF A CATHOLIC WOMEN'S COLLEGE DEDICATED TO THE TOTAL DEVELOPMENT OF ITS STUDENTS. DURING THE FISCAL YEAR ENDED MAY 31, 2010, SAINT MARY'S HAD AN UNDERGRADUATE POPULATION OF 1,664 STUDENTS.