2026-05-13T10:54:55-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-07-01 951641455 MOUNT SAINT MARY'S UNIVERSITY MOUN 3109544000 12001 CHALON RD LOS ANGELES CA 90049 JOY BRATHWAITE VICE PRESIDENT FOR ADMIN & FIN 3109544000 2026-04-30 1 1 KAREN A GRIES P00078514 6128764500 2026-05-10 2024 2025-03-06 01:10:19Z ANN MCELANEY-JOHNSON 12001 CHALON RD LOS ANGELES CA 90049 173933890 0 0928 X WWW.MSMU.EDU X 1925 CA SEE SCHEDULE O.MOUNT SAINT MARY'S UNIVERSITY (MSUM) OFFERS A DYNAMIC LEARNING EXPERIENCE IN LIBERAL ARTS & SCIENCES TO A DIVERSE STUDENT BODY. WE ARE DEDICATED TO PROVIDING SUPERIOR EDUCATION ENHANCED BY BUILDING LEADERSHIP SKILLS AND A SPIRIT OF SERVICE, SO GRADUATES WILL USE THEIR KNOWLEDGE TO BETTER THEMSELVES & THEIR WORLD. 24 23 1776 202 0 0 35463460 13777334 105235435 106240690 14204226 11068322 3337688 1268285 158240809 132354631 41746864 43728897 0 0 59629741 57855893 59546 0 2289190 39257023 44367105 140693174 145951895 17547635 -13597264 379869622 376562838 75966758 74387767 303902864 302175071 X SEE SCHEDULE O.MOUNT SAINT MARY'S UNIVERSITY OFFERS A DYNAMIC LEARNING EXPERIENCE IN LIBERAL ARTS & SCIENCES TO A DIVERSE STUDENT BODY. AS A CATHOLIC UNIVERSITY FOUNDED PRIMARILY FOR WOMEN, WE ARE DEDICATED TO PROVIDING SUPERIOR EDUCATION ENHANCED BY BUILDING LEADERSHIP SKILLS AND FOSTERING A SPIRIT OF SERVICE, SO OUR GRADUATES WILL USE THEIR KNOWLEDGE TO BETTER THEMSELVES, THEIR COMMUNITY, AND THEIR WORLD. 0 0 107329915 43728897 97526516 INSTRUCTION: MOUNT SAINT MARY'S UNIVERSITY PROVIDES VALUES BASED TRADITIONAL UNDERGRADUATE EDUCATION FOR WOMEN, AS WELL AS, INNOVATIVE NON-TRADITIONAL UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR WOMEN AND MEN. THE UNIVERSITY'S ACADEMIC PROGRAMS PLACE A STRONG EMPHASIS ON SOCIAL AND ETHICAL VALUES CONSISTENT WITH A VIEW OF COMPASSIONATE COMMUNITY INVOLVEMENT. SINCE ITS INCEPTION, THE UNIVERSITY HAS GRANTED MORE THAN 30,000 DEGREES. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE UNIVERSITY ENROLLED APPROXIMATELY 1,511 FULL-TIME EQUIVALENTS (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 184 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 725 FTE GRADUATE STUDENTS. 16065463 8714174 AUXILIARY ENTERPRISES: MOUNT SAINT MARY'S UNIVERSITY AUXILIARY ENTERPRISES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND PARKING FACILITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, RESIDENCE HALL OCCUPANCY WAS APPROXIMATELY 570 STUDENTS. 123395378 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 270 0 1776 1 1 1 1 CJ CA HK FR 0 0 0 1 1 0 0 0 0 0 0 X 24 23 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X JOY BRATHWAITE 3109544000 12001 CHALON ROAD LOS ANGELES CA 90049 ANN MCELANEY-JOHNSON PRESIDENT 40.00 0.00 X X 517716 0 178453 THOMAS J BLUMENTHAL BOARD CHAIR 8.00 0.00 X X 0 0 0 SR BARBARA ANNE STOWASSER BOARD VICE CHAIR 1.00 39.00 X X 0 0 0 ALISON D SOWDEN BOARD SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 ALEJANDRA CEJA TRUSTEE 1.00 0.00 X 0 0 0 DR BARBARA ANN USHER TRUSTEE 1.00 0.00 X 0 0 0 DR ELENA M BOVE TRUSTEE 1.00 0.00 X 0 0 0 DR JOAN OTOMO-CORGEL TRUSTEE 1.00 0.00 X 0 0 0 DR MARY HINTON TRUSTEE 1.00 0.00 X 0 0 0 DR NZINGA GRAHAM TRUSTEE 1.00 0.00 X 0 0 0 DR VA LECIA ADAMS KELLUM TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH CASEY TRUSTEE 1.00 0.00 X 0 0 0 FR ALLAN F DECK TRUSTEE 1.00 0.00 X 0 0 0 JAMES P SARNI TRUSTEE 1.00 0.00 X 0 0 0 JANET FEELEY TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY KEARNS TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH BURSCHINGER TRUSTEE 1.00 0.00 X 0 0 0 LAURA SAADE TRUSTEE 1.00 0.00 X 0 0 0 NORMA PROVENCIO TRUSTEE 1.00 0.00 X 0 0 0 SR JILL NAPIER TRUSTEE 1.00 39.00 X 0 0 0 SR JOAN LESCINSKI TRUSTEE 1.00 39.00 X 0 0 0 SR MAUREEN O'CONNOR TRUSTEE 1.00 39.00 X 0 0 0 SR PATRICIA ROSHOLT TRUSTEE 1.00 39.00 X 0 0 0 ZULEMA GARCIA TRUSTEE 1.00 0.00 X 0 0 0 JOY BRATHWAITE CORP TREASURER/VP ADMIN & FIN 40.00 0.00 X 277032 0 64026 LUCILLE GARCIA SECRETARY OF THE CORPORATION 40.00 0.00 X 148078 0 32722 STEPHANIE CUBBA VP INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 268317 0 46575 KRISHAUNA HINES-GAITHER VP STRATEGIC INI. & PARTNERSHIPS 40.00 0.00 X 214399 0 61913 DANIEL PROSTERMAN INTERIM PROVOST 40.00 0.00 X 216435 0 38325 LINDA MCMURDOCK VP STUDENT AFFAIRS 40.00 0.00 X 229120 0 33893 SUSAN DILENO VP ENROLLMENT MANAGEMENT 40.00 0.00 X 228199 0 63662 AMANDA R ROMERO PROFESSOR 40.00 0.00 X 246884 0 50458 ELIZABETH M STURGEON PROFESSOR 40.00 0.00 X 247578 0 39423 STEPHANIE COLLAZO PROFESSOR 40.00 0.00 X 207916 0 31507 DEBORAH LOWE DEPARTMENT CHAIR 40.00 0.00 X 196716 0 34598 SUZANNE WILLIAMS DEAN OF WEEKEND COLLEGE 40.00 0.00 X 185170 0 47142 3183560 0 722697 133 0 1 0 ILLIG CONSTRUCTION COMPANY 3612 MISSION INN AVE RIVERSIDE CA 92501 CONSTRUCTION 19682238 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 911102374 SECURITY STAFFING 1530569 PROPARK MOBILITY 1 UNION PLACE HARTFORD CT 06103 PARKING STAFFING 630448 MANATT PHELPS & PHILLIPS 11355 W OLYMPIC BLVD LOS ANGELES CA 90064 LEGAL 359655 DELL MARKETING ONE DELL WAY ROUND ROCK TX 78682 TECH EQUIPMENT 355602 11 113426 5900 4967669 8690339 558116 13777334 TUITION AND FEES 611710 97129913 97129913 FOOD SERVICE 721310 4644091 4644091 HOUSING 721310 4070083 4070083 FILM INCOME 611710 396603 396603 106240690 4699339 4699339 70714 70714 315674 97390 218284 218284 218284 47361618 248420 41026769 285000 6334849 -36580 6298269 6298269 25068 113426 170100 -145032 -145032 BAD DEBT RECOVERY 611710 506485 506485 ADMIN RECOVERY 611710 258506 258506 MISCELLANEOUS INCOME 611710 163107 163107 266935 266935 1195033 132354631 106240690 0 12336607 43728897 43728897 3365567 2092130 998406 275031 42292811 35064594 6369296 858921 3094960 2567115 438193 89652 5783816 4806481 811339 165996 3318739 2752728 469876 96135 6328731 4129112 1887037 312582 1063006 883 1062123 200226 200226 1086352 1086352 2726403 2612833 113570 1717317 1690001 25795 1521 12724537 9994675 2338872 390990 2241115 1798345 420447 22323 2470575 2198399 272176 935435 595528 290460 49447 228705 161974 54040 12691 1965797 1853444 112353 221487 221487 5005239 4704925 300314 1704279 10146 1693448 685 SECURITY 1736610 1620460 108052 8098 BAD DEBT AND COLLECTION 1077730 1077730 BUILDING MAINTENANCE 736795 701446 33696 1653 MISCELLANEOUS 196766 89775 103526 3465 145951895 123395378 20267327 2289190 10147 9996 56518055 28136839 16523443 4620390 2569692 2184725 798936 677308 1269015 3079245 238945695 90670781 139001254 148274914 30019853 45066118 133071157 144425233 88070 88070 379869622 376562838 14447770 10544011 428641 564608 5546305 6062485 37825789 37067227 5663945 5669592 12054308 14479844 75966758 74387767 X 134104785 123085905 169798079 179089166 303902864 302175071 379869622 376562838 X -13597264 11816923 52548 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 174149176 1847283 20978688 10946566 1086352 184942229 160218110 13037677 12925600 11000272 1031939 174149176 157775106 447728 13709992 10708790 1005926 160218110 180781895 936890 -13151449 9686856 1105374 157775106 138585293 3096287 49593006 9469977 1022714 180781895 0.32980 0.37670 0.29350 1 0 10256363 10256363 199927348 69651041 130276307 4794614 4794614 18050096 16475300 1574796 5917274 4544440 1372834 148274914 COMMONFUND PE INVESTMENTS 3216887 F OFFSHORE FUNDS 60855855 F REAL ESTATE INVESTMENT TRUSTS 194023 F ANNUITY CONTRACTS 748323 F MINERAL RIGHTS 659586 C PARTNERSHIP INVESTMENTS 75096954 F DEPOSITS HELD BY BOND TRUSTEE 3653605 C 144425233 ANNUITIES PAYABLE 322376 ASSET RETIREMENT OBLIGATION 320500 CSJ PROVINCIALITE LOAN 5405814 RIGHT OF USE LEASE 4794615 CNS ESTATE LOAN 3636539 14479844 X 99294622 11816923 267490 12084413 87210209 1086352 44058070 45144422 132354631 101022415 267490 267490 100754925 1086352 44110618 45196970 145951895 PART III, LINE 4: THE JOSE DRUDIS-BIADA'S ARTWORK IS LOCATED AT VARIOUS LOCATIONS THROUGHOUT THE UNIVERSITY FOR PUBLIC DISPLAY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 274 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, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY 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. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE 170,100. RENTAL EXPENSES 97,390. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 43,728,897. FILM COMMISSION 99,151. CEFA INTEREST INCOME NETTED DIRECTLY AGAINST EXPENSE 156,879. ACTUARIAL ADJUSTMENT -52,548. BAD DEBTS NETTED WITH REVENUES 125,691. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE 170,100. RENTAL EXPENSES 97,390. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 43,728,897. FILM COMMISSION 99,151. CEFA INTEREST INCOME NETTED DIRECTLY AGAINST EXPENSE 156,879. BAD DEBTS NETTED WITH REVENUES 125,691. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE UNIVERSITY'S CATALOG AND ADMISSION BROCHURES, AS WELL AS THE WEBSITE AND PRINTED MEDIA PROVIDED TO DONORS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE FEDERAL WORK-STUDY PROGRAM, PELL GRANT, AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 55576819 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 5279036 0 0 0 0 0 0 60855855 0 60855855 0 0 0 0 0 0 PART I, LINE 3: THE UNIVERSITY USED THE ACCRUAL METHOD TO REPORT INVESTMENTS IN SCHEDULE F, PART I. SCHEDULE F, PART IV, LINE 1: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE AN ADDITIONAL 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS. FORMS 8865 WERE NOT REQUIRED TO BE PREPARED FOR THE CURRENT TAX YEAR. CAW EVENT 39531 21326 18205 75445 RSW EVENT 98963 92100 6863 94655 138494 113426 25068 170100 170100 -145032 1 UNIVERSITY FUNDED WAIVERS/DISCOUNT FOR STUDENTS 204 1692128 PRIVATE DONATIONS - EXPENDABLE FOR STUDENTS 357 2348281 PRIVATE DONATIONS - ENDOWED FOR STUDENTS 484 5240950 FEDERAL FUNDED GRANTS/FINANCIAL AID FOR STUDENTS 80 278581 UNIVERSITY FUNDED GRANTS/AWARDS FOR STUDENTS 1551 34168957 PART I, LINE 2: THE OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR THE MONITORING OF ALL STUDENT AID. ALL GRANT AID IS APPLIED DIRECTLY TO THE STUDENT ACCOUNT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANN MCELANEY-JOHNSON PRESIDENT 485630 0 0 0 32086 0 34500 0 143953 0 696169 0 0 0 JOY BRATHWAITE CORP TREASURER/VP ADMIN & FIN 246091 0 0 0 30941 0 29032 0 34994 0 341058 0 0 0 STEPHANIE CUBBA VP INSTITUTIONAL ADVANCEMENT 263958 0 0 0 4359 0 27102 0 19473 0 314892 0 0 0 AMANDA R ROMERO PROFESSOR 236583 0 0 0 10301 0 25702 0 24756 0 297342 0 0 0 SUSAN DILENO VP ENROLLMENT MANAGEMENT 209802 0 0 0 18397 0 23152 0 40510 0 291861 0 0 0 ELIZABETH M STURGEON PROFESSOR 244149 0 0 0 3429 0 24773 0 14650 0 287001 0 0 0 KRISHAUNA HINES-GAITHER VP STRATEGIC INI. & PARTNERSHIPS 187596 0 0 0 26803 0 22633 0 39280 0 276312 0 0 0 LINDA MCMURDOCK VP STUDENT AFFAIRS 223464 0 0 0 5656 0 23170 0 10723 0 263013 0 0 0 DANIEL PROSTERMAN INTERIM PROVOST 196777 0 0 0 19658 0 23551 0 14774 0 254760 0 0 0 STEPHANIE COLLAZO PROFESSOR 202655 0 0 0 5261 0 14825 0 16682 0 239423 0 0 0 SUZANNE WILLIAMS DEAN OF WEEKEND COLLEGE 157259 0 0 0 27911 0 19492 0 27650 0 232312 0 0 0 DEBORAH LOWE DEPARTMENT CHAIR 193568 0 0 0 3148 0 19875 0 14723 0 231314 0 0 0 LUCILLE GARCIA SECRETARY OF THE CORPORATION 144966 0 0 0 3112 0 15030 0 17692 0 180800 0 0 0 PART I, LINE 1A INCLUDED IN NON-TAXABLE BENEFITS IS AN AMOUNT FOR THE PRESIDENT'S USE OF A UNIVERSITY OWNED PRESIDENT'S RESIDENCE. IT IS NOT INCLUDED IN TAXABLE INCOME AS THE PRESIDENT'S CONTRACT REQUIRES HER TO RESIDE IN THE HOME AND IT IS ALSO USED FOR STUDENT, FACULTY, STAFF, TRUSTEE, AND DONOR RELATED EVENTS. A CALIFORNIA EDUCATIONAL FACILITES AUTHORITY 521705592 130179QG2 2018-09-06 40386211 CONSTRUCTION 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 000000000 2022-11-17 4000000 CONSTRUCTION 0 0 0 A 1655000 42982712 2735604 415134 38170153 29370 1632451 2025 0 0 1 1 B 363461 4000000 41500 3949000 9500 2022 0 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/07/2023 ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/05/2023 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF THE ISSUE EXCEEDED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROCEEDS. X 8 273116 MARKET VALUE X 1 285000 CLOSING PRICE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF MEMBERS THAT MAY INCLUDE NON-TRUSTEE MEMBERS. HOWEVER, THE BOARD MAY NOT DELEGATE ANY OF THE AUTHORITY OF THE BOARD TO NON-TRUSTEE MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL THE AUTHORITY OF THE BOARD WITH RESPECT TO THE OPERATIONS AND AFFAIRS OF THE CORPORATION EXCEPT AS LIMITED BY LAW OR BY THE UNIVERSITY'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 THE UNIVERSITY HAS BUSINESS RELATIONSHIPS WITH THE SISTERS OF ST. JOSEPH OF CARONDELET. FIVE OF THE UNIVERSITY BOARD MEMBERS ARE AFFILIATED WITH THIS ORGANIZATION: SISTER JOAN LESCINKSI, SISTER JILL NAPIER, SISTER MAUREEN O'CONNOR, SISTER BARBARA ANNE STOWASSER AND SISTER 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 MEMBERS SHALL CONSIST OF THE MEMBERS OF THE GOVERNING BODY OF THE LOS ANGELES PROVINCE OF THE SISTERS OF ST. JOSEPH OF CARONDELET. WE HAVE DISCLOSED THE MEMBERS AS THE PROVINCIAL SUPERIOR AND FOUR OTHER SISTERS. THEY MAY SERVE ON THE GOVERNING BODY, BUT NOT THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO APPOINT THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL INCLUDE REPRESENTATIVES OF THE SISTERS OF ST. JOSEPH OF CARONDELET SELECTED BY THE BOARD OF TRUSTEES IN CONSULTATION WITH THE PROVINCE. ANY TRUSTEE OF THE BOARD MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE BOARD WITH APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE FOLLOWING POWERS: RIGHT TO APPROVE THE SIGNIFICANT DECISIONS MADE BY THE BOARD OF TRUSTEES AT THE ANNUAL MEETING OR SPECIAL MEETING. MODIFICATION OF THE MISSION STATEMENT OR OF THE NATURE OR PURPOSE OF THE MISSION OF THE CORPORATION. AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION OR OF THE POWERS RESERVED TO THE MEMBERS. TRANSFERS OF STABLE PATRIMONY OF THE CORPORATION AT OR ABOVE THE THRESHOLD ESTABLISHED FOR THE UNITED STATES BY THE HOLY SEE. ANY TRANSACTION WHICH WOULD JEOPARDIZE THE STABLE PATRIMONY OF THE CORPORATION. APPOINTMENT OR REMOVAL OF THE PRESIDENT UPON THE RECOMMENDATION OF THE BOARD. DISSOLUTION OR LIQUIDATION OF THE CORPORATION OR MERGER OF THE CORPORATION WITH ANY OTHER CORPORATION OR ENTITY. ANY TRANSACTION OUTSIDE THE ORDINARY COURSE OF THE BUSINESS OF THE CORPORATION. ANY CONTRACT OR COMMITMENT BINDING THE CORPORATION TO ANY TRANSACTION INVOLVING A TOTAL VALUE IN EXCESS OF $3,000,000. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE DRAFT OF THE RETURN. AFTER THE REVIEW, THE DRAFT IS SUBMITTED TO THE FULL AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION. ONCE APPROVED, THE APPROVED DRAFT IS SUBMITTED TO THE BOARD FOR FINAL APPROVAL BEFORE FILING THE RETURN WITH THE IRS BEFORE THE DEADLINE. THE BOARD RECEIVED A COPY OF 2024 FORM 990 WITH THE NAMES AND ADDRESSES OF DONORS OMITTED FROM SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED AND ACKNOWLEDGED BY THE BOARD MEMBERS AND MEMBERS OF CABINET ON AN ANNUAL BASIS. EACH WRITTEN CONFLICT OF INTEREST STATEMENT IS REVIEWED EVERY YEAR AT THE ANNUAL MAY BOARD MEETING BY THE CHAIR OF THE BOARD IN CONJUNCTION WITH THE PRESIDENT. ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR SHOULD BE FULLY DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AT ANY TIME A CONTRACT OR OTHER TRANSACTION IS CONSIDERED BETWEEN THIS UNIVERSITY AND ONE OR MORE OF ITS GOVERNING BOARD MEMBERS OR BETWEEN THIS UNIVERSITY AND ANY CORPORATION, FIRM, OR ASSOCIATION IN WHICH ONE OR MORE OF THE MEMBERS OF THE GOVERNING BOARD TO THIS UNIVERSITY ARE FINANCIALLY INTERESTED. THE FACT OF COMMON DIRECTORSHIP OR FINANCIAL INTEREST SHOULD BE NOTED IN THE MINUTES AND THE BOARD SHOULD APPROVE THE CONTRACT OR TRANSACTION IN GOOD FAITH BY A VOTE SUFFICIENT FOR THE PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH MEMBERS OF THE GOVERNING BOARD. IN RESPONSE TO THE NEW DEPARTMENT OF EDUCATION REGULATORY REQUIREMENTS TO REPORT ALL RELATED PARTY TRANSACTIONS, EACH BOARD AND CABINET MEMBER WAS REQUIRED TO COMPLETE A QUESTIONNAIRE LISTING ANY CONFLICTS ARISING FROM PERSONAL OR PROFESSIONAL ASSOCIATIONS FROM EITHER THE MEMBER, THEIR SPOUSE OR THEIR ADULT CHILDREN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATIONS FROM THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU) ADMINISTRATIVE COMPENSATION REPORT. THE BOARD CHAIR GIVES HIS RECOMMENDATION TO THE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE, WHO DETERMINES COMPENSATION. COMPENSATION IS DOCUMENTED THROUGH FORMAL OFFER LETTERS, EMPLOYEE STATUS FORMS AND DATA MAINTAINED IN THE UNIVERSITY DATABASE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2023. COMPENSATION FOR THE VICE PRESIDENTS IS REVIEWED AND APPROVED BY THE PRESIDENT. THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT USED COMPARABILITY DATA FROM THE AICCU ADMINISTRATIVE COMPENSATION REPORT, YAFFE & COMPANY EXECUTIVE COMPENSATION SURVEY DATA FOR INDEPENDENT COLLEGES AND UNIVERSITIES, AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION HIGHER EDUCATION SURVEY DATA. COMPENSATION IS DOCUMENTED THROUGH FORMAL OFFER LETTERS, EMPLOYEE STATUS FORMS AND DATA MAINTAINED IN THE UNIVERSITY DATABASE. THE PROCESS WAS MOST RECENTLY UNDERTAKEN IN FALL, 2023 FOR THE VICE PRESIDENT OF DIVERSITY, EQUITY AND JUSTICE. 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 9: CHANGES IN ANNUITY PAYABLE 52,548. SISTERS OF ST JOSEPH OF CARONDELET 11999 CHALON ROAD LOS ANGELES CA 90049 RELIGIOUS CA 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST CA N/A T 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0