2026-05-14T10:07:50-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-07-01 410698301 COLLEGE OF ST SCHOLASTICA INC COLL 8004475444 1200 KENWOOD AVENUE DULUTH MN 558114199 JENNIFER CARLSON VP FINANCE & STRATEGY 8004475444 2026-05-14 1 1 ANN NEIL P01817922 6123764500 2026-05-14 2024 2025-03-06 01:10:19Z JENNIFER CARLSON 1200 KENWOOD AVENUE DULUTH MN 558114199 121222702 0 X WWW.CSS.EDU X 1962 MN PROVIDE INTELLECTUAL AND MORAL PREPARATION FOR RESPONSIBLE LIVING AND MEANINGFUL WORK. 24 23 1772 200 55569 0 10169387 9672753 92415756 96872407 9747484 6087712 105213 91279 112437840 112724151 38356332 41700773 0 0 45126914 44096036 43625 57875 1566223 24281946 26074073 107808817 111928757 4629023 795394 210673724 213981473 63546812 60588487 147126912 153392986 X SHAPED BY THE CATHOLIC BENEDICTINE HERITAGE, THE COLLEGE OF ST. SCHOLASTICA PROVIDES INTELLECTUAL AND MORAL PREPARATION FOR RESPONSIBLE LIVING AND MEANINGFUL WORK. IN CONJUNCTION WITH THIS MISSION STATEMENT, THE COLLEGE'S VISION STATEMENT IS AS FOLLOWS: THE COLLEGE OF ST. SCHOLASTICA ASPIRES TO BE A DIVERSE AND INCLUSIVE ACADEMIC COMMUNITY OF EXCELLENCE, GROUNDED IN THE RICH CATHOLIC BENEDICTINE HERITAGE, SENDING FORTH THOUGHTFUL LEADERS SHARPENED AND SENSITIZED BY THE LIBERAL ARTS, WHO ARE PREPARED AND COMMITTED TO SERVE AND TRANSFORM THE WORLD. 0 0 71179887 41570133 86548377 INSTRUCTION: CSS PREPARES ITS STUDENTS FOR A LIFE OF PURPOSE BY EMPHASIZING CORE VALUES OF THE CATHOLIC BENEDICTINE TRADITION, INCLUDING HOSPITALITY, THE LOVE OF LEARNING, RESPECT, COMMUNITY AND STEWARDSHIP. LEARNING HERE ENTAILS A COMMITMENT TO MEETING RIGOROUS ACADEMIC STANDARDS, BROADENING THE SCOPE OF ONE'S VISION AND BECOMING ACCOUNTABLE TO BOTH SELF AND SOCIETY. CSS OFFERS 46 MAJORS AND MANY UNIQUE MINORS. THE COLLEGE ALSO OFFERS ADVANCED DEGREES, CERTIFICATES AND LICENSURES IN 16 DIFFERENT AREAS. THE MAIN CAMPUS IS IN DULUTH, MN WITH AN ADDITIONAL CAMPUS SITE LOCATED IN ST. CLOUD, MN. IN ADDITION TO THESE SITES, THE COLLEGE ALSO OFFERS GRADUATE AND UNDERGRADUATE ONLINE PROGRAMS. 20523232 93589 376330 STUDENT & ADMINISTRATIVE SERVICES: THE STUDENT EXPERIENCE IS CRITICAL TO THE CSS MISSION. THE COLLEGE PROVIDES LIBRARY SERVICES, COMPUTER LABS, ACADEMIC AND PERSONAL ADVISEMENT AND COUNSELING, TUTORING AND GRADUATE SCHOOL PREPARATION TO ENHANCE ITS EDUCATIONAL PROGRAMS. SUPPORT IS OFFEREED FOR ADMISSIONS, REGISTRATION, FINANCIAL AID AND SPECIALIZED SERVICES TO ENRICH DIVERSITY WITHIN THE COLLEGE. STUDENT ACTIVTIES ARE A WAY FOR STUDENTS TO CONNECT WITH OTHER STUDENTS WITH SIMILAR VIEWS, ASPIRATIONS AND CONCERNS, AND THEN PROVIDE A FRAMEWORK FOR THOSE STUDENTS TO WORK TOGETHER FOR A COMMON GOAL. A VARIETY OF CAMPUS ORGANIZATIONS, CLUBS AND LEADERSHIP OPPORTUNITIES PROVIDE STUDENTS WITH MANY AVENUES FOR PERSONAL, VOCATIONAL AND SOCIAL GROWTH. THE ATHLETICS DEPARTEMENT OFFERS 22 MEN'S AND WOMEN'S PROGRAMS CONSISTENT WITH THE MISSION STATEMENT OF THE COLLEGE AND THE NCAA DIVISION III PHILOSOPHY. THERE WERE 400 UNDUPLICATED STUDENT PARTICIPANTS IN THESE PROGRAMS. ALL STUDENTS MAY PARTICIPATE IN A WIDE VARIETY OF INTRAMURAL ACTIVITIES AS WELL AS GENERAL USE OF THE COLLEGE'S RECREATIONAL FACILITY, THE BURNS COMMONS WELLNESS CENTER. 7141128 0 8872105 AUXILIARY SERVICES: CSS OFFERS ITS STUDENTS HOUSING, FOOD AND HEALTH SERVICES.HOUSING CONSISTS OF A RESIDENCE HALL AND SUITES AND SEVEN APARTMENT COMPLEXES WITH A CAPACITY OF 833 BEDS. OVER HALF OF THE COLLEGE'S FULL-TIME UNDERGRADUATE TRADITIONAL AGED STUDENTS RESIDE ON CAMPUS. FOR, 2024-25, OCCUPANCY WAS 739 AND 724 STUDENTS FOR FALL AND SPRING SEMESTERS, RESPECTIVELY. ST. SCHOLASTICA UTILIZES ARAMARK CAMPUS DINING TO PROVIDE QUALITY NUTRITIOUS FOODS AT MULTIPLE CAMPUS LOCATIONS. TOGETHER WE ARE COMMITTED TO SUSTAINABLE PRACTICES AND SUPPORTING STUDENT'S HEALTH WELLBEING. ALL STUDENT RESIDING IN THE RESIDENCE HALL ARE REQUIRED TO PURCHASE A MEAL PLAN. OVER 40% OF TRADITIONAL AGRED STUDENTS RESIDE ON CAMPUS. OPTIONAL MEAL PLANS ARE AVAILABLE FOR OTHER RESIDENTIAL COMMUTER STUDENTS. FOR 2024-25, 446 AND 420 STUDENTS OBTAINED MEAL PLANS FOR FALL AND SPRING SEMESTERS, RESPECTIVELY. THE PHYSICAL AND EMOTIONAL WELL-BEING OF ALL STUDENTS IS ESSENTIAL FOR ACADEMIC SUCCESS. STUDENT HEALTH SERVICES PROVIDES ONSITE ACCESS TO MEDICAL PROFESSIONALS. OUR PROFESSIONAL STAFF OFFERS STUDENT CONFIDENTIAL SERVICES IN TREATING PHYSICAL AND MENTAL HEALTH CONCERNS THAT COMMONLY OCCUR WITHIN THE COLLEGE POPULATION. A CAMPUS CONVENIENCE STORE SERVES STUDENTS, FACULTY, STAFF, ALUMNI AND MEMBERS OF THE SURROUNDING COMMUNITY WITH A SELECTION OF COLLEGIATE CLOTHING, GIFTS AND GENERAL MERCHANDISE. 1806271 37051 1111305 OTHER PROGRAM SERVICES INCLUDE ACTIVITIES FROM PERFORMING ARTS, MISCELLANEOUS EDUCATION-RELATED FEES, AND OTHER EDUCATIONAL SERVICES. 1806271 37051 1111305 100650518 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5336 0 1 1772 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN CA X X JENNIFER CARLSON 8004475444 1200 KENWOOD AVENUE DULUTH MN 558114199 BARBARA MCDONALD PRESIDENT 40.00 X X 361513 0 39777 ED CRAWFORD CHAIR 1.00 X X 0 0 0 GABRIELLA CALDECOTT TRUSTEE 1.00 X 0 0 0 DEBORAH A AMBERG TRUSTEE 1.00 X 0 0 0 SISTER JAYNE ERICKSON TRUSTEE 1.00 X 0 0 0 CRAIG FELLMAN TRUSTEE 1.00 X 0 0 0 MARC FREDSON TRUSTEE 1.00 X 0 0 0 BUKATA HAYES TRUSTEE 1.00 X 0 0 0 MICHELE HOGAN TRUSTEE 1.00 X 0 0 0 RHONDA KAZIK TRUSTEE 1.00 X 0 0 0 STEPHEN KENT TRUSTEE 1.00 X 0 0 0 MARK LAMBERT TRUSTEE 1.00 X 0 0 0 SISTER DANILE LYNCH TRUSTEE 1.00 X 0 0 0 JEAN MACDONELL TRUSTEE 1.00 X 0 0 0 CONCETTA RENDA TRUSTEE 1.00 X 0 0 0 TOM RENIER TRUSTEE 1.00 X 0 0 0 BRAD RODEN TRUSTEE 1.00 X 0 0 0 KRISTIN ROGNERUD TRUSTEE 1.00 X 0 0 0 SISTER DONNA SCHROEDER TRUSTEE 1.00 X 0 0 0 JOHN STRANGE TRUSTEE 1.00 X 0 0 0 MARY TANNER TRUSTEE 1.00 X 0 0 0 SISTER JEANNE ANN WEBER TRUSTEE 1.00 X 0 0 0 TOM WEDIGE TRUSTEE 1.00 X 0 0 0 DIANE VERTIN CFO, TREASURER 40.00 X 164894 0 50304 RYAN SANDEFER VP ACADEMIC AFFAIRS 40.00 X 179332 0 27001 CHRIS MUELLER VP COLLEGE ADVANCEMENT 40.00 X 173558 0 17942 BRENDA FISCHER EAN, STENDER SCHOOL OF LEADERSHIP 40.00 X 151282 0 26112 BENJAMIN DENEEN CHIEF INFORMATION OFFICER 40.00 X 141648 0 19028 BRET AMUNDSON DEAN SCHOOL OF ARTS & SCIENCES 40.00 X 140496 0 10028 MICHAEL WENDINGER DEAN, SCHOOL OF HEALTH PROFESSIONS 40.00 X 140692 0 7427 1453415 0 197619 40 0 1 0 ARAMARK EDUCATIONAL SERVICES LLC PO BOX 840706 DALLAS TX 752840706 FOOD SERVICE 2537397 MCGOUGH CONSTRUCTION CO INC NW5970 PO BOX 1450 MINNEAPOLIS MN 55485 CONSTRUCTION SERVICE 1931191 EPA AUDIO VISUAL 7910 STATE HIGHWAY 55 ROCKFORD MN 55373 AUDIO & VISUAL SERVICES 517858 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 ENROLLMENT MANAGEMENT CONSULTING 458959 CDW GOVERNMENT INC 75 REMITTANCE DR STE 1515 CHICAGO IL 606751515 IT/TECHNOLOGY SOLUTIONS 414850 43 6298296 3374457 337633 9672753 TUITION/FEES 611310 86548377 86548377 AUXILIARY ENTERPRISES 611310 8872105 8872105 OTHER PROGRAM SERVICE 611310 922920 922920 PARKING 812930 225063 225063 SALES/EDU ACTIVITIES - 541900 186659 186659 117283 91968 25315 96872407 2874776 2874776 9961334 1750153 6748673 1749878 3212661 275 3212936 3212936 ALL OTHER REVENUE 900099 61025 61025 BURNS WELLNESS CENTER 713940 30254 30254 91279 112724151 96908117 55569 6087712 769330 769330 37997429 37997429 2934014 2934014 846992 389788 345963 111241 35082242 29866010 4422381 793851 1427569 1215310 179956 32303 3854074 3281028 485835 87211 2885159 2456177 363696 65286 467566 467566 73814 73814 32471 32471 123260 123260 57875 57875 179912 179912 4183835 3561758 527404 94673 1361360 1158945 171610 30805 1187331 1010792 149672 26867 1327021 1129712 167281 30028 21871 18619 2757 495 1800086 1532439 226914 40733 1948633 1658899 245640 44094 144334 122874 18194 3266 1746147 1746147 4958311 4958311 526813 448483 66409 11921 OTHER SUPPLIES 4393251 3034003 1259835 99413 ATHLETICS/EC ACTIVITIES 938090 798610 118253 21227 MEMBERSHIP DUES 500616 426182 63106 11328 RECRUITMENT EXPENSES 159351 135658 20087 3606 111928757 100650518 9712016 1566223 798614 1190517 17799533 7427521 3574528 1909506 2843587 3705960 88105 108025 1193512 1489054 165421695 74103764 92401714 91317931 86219753 101402553 66025 65146 1558802 1476352 242616 187744 3886935 3701164 210673724 213981473 6519313 5917328 2224654 1998239 6335214 6054423 43854491 42028642 141308 4613140 4448547 63546812 60588487 X 94139364 97668583 52987548 55724403 147126912 153392986 210673724 213981473 X 795394 5468276 2404 X X 0 1 X 1 1 1 X 15794616 19374579 9340135 10169387 9672753 64351470 15794616 19374579 9340135 10169387 9672753 64351470 1341420 63010050 1845775 2174677 2802197 3214525 2874776 12911950 509182 509182 77772602 477714260 0.81020 0.80920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 509,182. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 1 0 1 1 0 1 4572 1 1 118688 123260 0 PART II-B, LINE 1: LOBBYING ACTIVITIES PERFORMED BY THE COLLEGE PRESIDENT AND THE VP OF COLLEGE ADVANCEMENT ARE LIMITED TO PROCURING FUNDING RELATING TO OUR STUDENT FINANCIAL AID AND SUPPORT FOR FEDERAL AND STATE GRANTS AND INITIATIVES RELATING TO OUR ACADEMIC PURPOSE AND MISSION. LOBBYING ACTIVITIES INCLUDE WRITING LETTERS TO AND HOLDING MEETINGS WITH GOVERNMENT OFFICIALS. THE COLLEGE OF ST. SCHOLASTICA, INC. IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), A 501(C)4 ORGANIZATION. MPCC PROVIDES NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. MPCC DIVIDED ITS EXPENSES, 80.27% MAY HAVE RELATED TO LOBBYING ACTIVITIES IN 2025. DUES PAID BY THE COLLEGE TO MPCC WERE ALLOCATED USING THEIR ALLOCATION. SIMILARLY 7% OF NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) DUES WERE ALLOCATED TO LOBBYING. X 1 1.55 0 0 0 1 0 0.00 0 0 118510 X 0 87878218 2071023 10876131 991600 3286689 179912 96367171 102206639 2052025 10711876 864200 26056870 171252 87878218 94079260 1148001 12233743 815400 4269813 169152 102206639 113467414 448090 -15602432 725800 3337659 170353 94079260 88402487 1387466 27481727 3804266 113467414 0.44590 0.27570 0.27840 0 0 5340331 5340331 139116936 59669796 79447140 562481 232027 330454 17078741 13915795 3162946 3323206 286146 3037060 91317931 ASSET RETIREMENT OBLIGATION 1048294 DEPOSIT ACCOUNTS 432146 ANNUITIES PAYABLE 60841 LEASE LIABILITY 2907266 4448547 X 77707179 5468276 2404 5470680 72236499 179912 40307740 40487652 112724151 71441105 -275 -275 71441380 179912 40307465 40487377 111928757 PART II, LINE 9: THERE ARE NO REVENUES ASSOCIATED WITH THIS EASEMENT. EXPENSES FOR MONITORING FLOW THROUGH THE COLLEGE'S OPERATION & MAINTENANCE ACCOUNT. LAND FALLING UNDER THE EASEMENT IS INCLUDED UNDER "LAND" IN THE COLLEGE'S BALANCE SHEET. THERE IS NO FOOTNOTE RELATING TO THE EASEMENT IN THE COLLEGE'S FINANCIAL STATEMENTS. PART III, LINE 4: THE COLLEGE'S COLLECTION (ART) CONSISTS PRIMARILY OF PICTURES AND STATUES REFLECTING OUR BENEDICTINE HERITAGE; ARTWORK CONTRIBUTES TO THIS HERITAGE VIA PUBLIC DISPLAY IN CAMPUS BUILDINGS. PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS ARE USED (PER THE COLLEGE'S SPENDING POLICY AS DETERMINED BY THE COLLEGE'S INVESTMENT COMMITTEE) FOR STUDENT SCHOLARSHIPS AND DEPARTMENTAL EXPENDITURES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES 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 COLLEGE FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT IN ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 2,404. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON DISPOSAL OF FIXED ASSETS 275. TUITION DISCOUNTS 40,307,465. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON DISPOSAL OF FIXED ASSETS -275. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 40,307,465. 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 COLLEGE FOLLOWS A NONDISCRIMINATION POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, COLOR, GENDER, NATIONAL ORIGIN, AND SEXUAL ORIENTATION AND IS PUBLISHED IN THE COLLEGE'S CATALOG, WEBSITE HOMEPAGE, AND RECRUITING INFORMATION. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED (PRIMARILY UPPER U.S. MIDWEST). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE FEDERAL NURSING LOAN PROGRAM, FEDERAL COLLEGE WORK-STUDY PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING THE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF MINNESOTA. THE COLLEGE ALSO RECEIVES FEDERAL AND STATE ASSISTANCE FOR GRANT RELATED PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 SCHOLARSHIPS N/A 151664 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS N/A 151232 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIPS N/A 592632 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 8 PROGRAM SERVICES INTERNATIONAL STUDENT RECRUITMENT, STUDY ABROAD 355533 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 SCHOLARSHIPS N/A 34612 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS N/A 312844 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 SCHOLARSHIPS N/A 106760 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS N/A 62704 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 3 PROGRAM SERVICES INTERNATIONAL STUDENT RECRUITMENT, STUDY ABROAD 124926 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS N/A 1521566 0 11 0 3 0 14 1767981 1646492 3414473 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 151664 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 592632 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 312844 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 62704 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1521566 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 151232 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 106760 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 34612 APPLIED TO STUDENT ACCOUNT N/A N/A 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL X X X X X X 1 GONSER GERBER LLP 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 CONSULTING-MARKET STUDY 0 57875 57875 0 57875 57875 AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA MA MD ME MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WI WV WY 1 ALLINA HEALTH PO BOX 1583 MINNEAPOLIS MN 55540 363261413 501(C)(3) 19540 0 N/A N/A SEE PART IV ASTERA HEALTH 421 11ST ST NW WADENA MN 56482 410713913 501(C)(3) 8189 0 N/A N/A SEE PART IV CENTRACARE 1200 SIXTH AVE N ST CLOUD MN 56303 411806657 501(C)(3) 56367 0 N/A N/A SEE PART IV COMMUNITY MEMORIAL HOSPITAL ASSOCIA 512 SKYLINE BLVD SUITE 1 CLOQUET MN 55720 131837418 501(C)(3) 5946 0 N/A N/A SEE PART IV DEER RIVER HEALTHCARE CENTER 115 10TH AVE NE DEER RIVER MN 56636 410844574 501(C)(3) 21903 0 N/A N/A SEE PART IV ST MARY'S DETROIT LAKES HOSPITAL 1027 WASHINTON AVE DETROIT LAKES MN 56501 411620386 501(C)(3) 6152 0 N/A N/A SEE PART IV ESSENTIA HEALTH 502 EAST 2ND STREET DULUTH MN 55805 410883623 501(C)(3) 509597 0 N/A N/A SEE PART IV FAIRVIEW UNIVERSITY MEDICAL CENTER- 400 STINSON BOULEVARD NE MINNEAPOLIS MN 55413 410991680 501(C)(3) 30325 0 N/A N/A SEE PART IV HUMAN DEVELOPMENT CENTER 1401 EAST 1ST STREET DULUTH MN 55805 410777937 501(C)(3) 15939 0 N/A N/A SEE PART IV LAKEWOOD HEALTH SYSTEM 49725 CTY 83 STAPLES MN 56479 411842965 501(C)(3) 6869 0 N/A N/A SEE PART IV MANKATO CLINIC LTD 309 HOLLY LN MANKATO MN 56001 410849339 501(C)(3) 5645 0 N/A N/A SEE PART IV RIVERWOOD HEALTHCARE CTR 200 BUNKER HILL DR AITKIN MN 56431 411738787 501(C)(3) 7122 0 N/A N/A SEE PART IV ST CLOUD HOSPITAL 1406 SIXTH AVE N ST CLOUD MN 56303 410695596 501(C)(3) 7335 0 N/A N/A SEE PART IV ST LUKES HOSPITAL ASSN OF DULUTH 915 E 1ST ST DULUTH MN 55805 410714079 501(C)(3) 37943 0 N/A N/A SEE PART IV STELLIS HEALTH PA 1001 HART BLVD STE 100 MONTICELLO MN 55362 411227920 501(C)(3) 5334 0 N/A N/A SEE PART IV 15 0 COLLEGE FUNDED INSTITUTIONAL AID TO STUDENTS 1611 34422698 N/A N/A ENDOWED SCHOLARSHIPS TO STUDENTS 323 991600 N/A N/A FEDERAL GRANTS & SCHOLARSHIPS 261 1054026 N/A N/A STATE GRANTS & SCHOLARSHIPTS 26 299544 N/A N/A PRIVATE SCHOLARSHIPS 347 605583 N/A N/A FEDERAL SCHOLARSHIP ALLOWANCE PROGRAMS 597 623978 N/A N/A PART I, LINE 2: ALL GRANT ACTIVITY IS REQUIRED TO MEET THE SPECIFIC STANDARDS AND STIPULATIONS OF THE GRANTOR AND OPERATE WITHIN THE ORGANIZATION'S POLICIES AND PROCEDURES. GRANT REVENUE AND EXPENDITURES ARE MONITORED AND FUNDS ARE DRAWN DOWN ON A MONTHLY BASIS. INTERNAL REPORTS AND AWARE LEVELS ARE REVIEWED PRIOR TO EACH DRAW TO DETERMINE IF CASH SHOULD BE DRAWN FOR INDIVIDUAL GRANTS. FINALLY, THE COLLEGE UNDERGOES AN ANNUAL AUDIT OF ITS FEDERAL AWARDS UNDER THE GUIDELINES OF THE UNIFORM GRANT GUIDANCE. SCHEDULE I, PART II, COLUMN (H): FUNDS RECEIVED FROM THE MINNESOTA DEPARTMENT OF HEALTH FROM LEGISLATION THAT CREATED THE MERC TRUST FUND (PMAP/PGAMC DISTRIBUTION) THAT PROVIDES REMUNERATION FOR THOSE FACILITIES THAT SERVE AS CLINICAL TRAINING SITES FOR THE COLLEGE'S NURSE PRACTITIONER AND CLINICAL NURSE SPECIALIST STUDENTS DURING THE 2024-2025 ACADEMIC YEAR. THE AMOUNTS PAID FROM THE FUNDS RECEIVED FROM THE MERC LEGISLATION TO EACH ORGANIZATION LISTED IN PART II IS BASED ROUGHLY ON THE NUMBER OF STUDENTS THEY HAD AND THE LENGTH OF TIME THEY SPENT AT EACH RESPECTIVE FACILITY. TRAINING SITES MUST ALSO HAVE A CURRENT ACTIVE MEDICAL ASSISTANCE ENROLLMENT STATUS IN MINNESOTA. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BARBARA MCDONALD PRESIDENT 335871 0 0 0 25642 0 29915 0 9862 0 401290 0 0 0 DIANE VERTIN CFO, TREASURER 138473 0 0 0 26421 0 20276 0 30028 0 215198 0 0 0 RYAN SANDEFER VP ACADEMIC AFFAIRS 159655 0 0 0 19677 0 21596 0 5405 0 206333 0 0 0 CHRIS MUELLER VP COLLEGE ADVANCEMENT 160281 0 0 0 13277 0 14173 0 3769 0 191500 0 0 0 BRENDA FISCHER EAN, STENDER SCHOOL OF LEADERSHIP 138928 0 0 0 12354 0 7317 0 18795 0 177394 0 0 0 BENJAMIN DENEEN CHIEF INFORMATION OFFICER 129593 0 0 0 12055 0 13569 0 5459 0 160676 0 0 0 BRET AMUNDSON DEAN SCHOOL OF ARTS & SCIENCES 135087 0 0 0 5409 0 6762 0 3266 0 150524 0 0 0 PART I, LINE 1A IN 2023, PRESIDENT BARBARA MCDONALD RECEIVED THE FOLLOWING BENEFITS WHICH WERE INCLUDED IN HER TAXABLE COMPENSATION: - HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - $8,040 - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - $4,025 PART I, LINE 1B THE COLLEGE ESTABLISHED A WRITTEN POLICY REGARDING PAYMENT AND REIMBURSEMENT OF EXPENSES IN 2019. THERE IS A GENERAL UNDERSTANDING THAT FIRST-CLASS TRAVEL AND TRAVEL FOR COMPANIONS (NOT BONA FIDE BUSINESS PURPOSE) ARE NOT ALLOWED BY THE COLLEGE. ALL EMPLOYEES MUST SUBMIT TRAVEL/REIMBURSEMENT REPORTS WHEN TRAVELING FOR THE COLLEGE - THESE ARE REVIEWED BY APPROPRIATE SCHOOL OFFICIALS FOR ACCURACY AND APPROPRIATE CHARGES. IN THE INSTANCES THE COLLEGE CHECKED ABOVE ON LINE 1A, SUCH ITEMS ARE "EXCEPTIONS" GRANTED AS PROVIDED IN THE INDIVIDUAL EMPLOYEE CONTRACTS. ALL OTHER EMPLOYEES WITHOUT THESE GRANTED PROVISIONS AS SPECIFIED IN A CONTRACT ARE SUBJECT TO THE WRITTEN POLICY ESTABLISHED BY THE COLLEGE IN 2019. A MN HIGHER EDUCATION FACILITIES AUHTORITY 410988525 60416HYU2 2012-10-17 9644673 REFUNDING SERIES 5R 0 0 0 B MN HIGHER EDUCATION FACILIITES AUTHORITY 410988525 60416JCX6 2019-09-05 32463903 REFUNDING SERIES 6S, 7H & 7J 0 0 0 C DULUTH ECONOMIC DEVELOPMENT AUTHORITY 416005105 2015-08-17 10000000 HEALTH SCIENCES BUILDING (BLUESTONE) 0 0 0 D DULUTH ECONOMIC DEVELOPMENT AUTHORITY 416005105 2016-05-05 6600000 HEALTH SCIENCES BUILDING (BLUESTONE) 0 0 0 A 4875000 9644673 849504 8657101 138068 8657101 2012 1 0 1 1 B 4265000 32463903 32163040 300661 32163242 2019 1 0 1 1 C 3004725 10000000 582098 200000 8522342 695560 2017 0 0 1 1 D 2109304 6600000 384185 132000 5624746 459069 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCH K, PART I DURING FISCAL 2019-20, THE COLLEGE ASSUMED THE ASSETS AND LIABILITIES OF THE HEALTH SCIENCES EDUCATION FACILITY CORPORATION FROM WHICH IT HAD BEEN LEASING A BUILDING FOR ITS HEALTH SCIENCES PROGRAMS. THE ASSUMPTION OF THE LIABILITIES INCLUDED THE TWO DULUTH ECONOMIC DEVELOPMENT AUTHORITY BOND ISSUES THAT ARE INCLUDED IN SCHEDULE K, WITH THEIR ORIGINAL ISSUE DATES OF 8/17/15 AND 5/5/16, RESPECTIVELY. X 12 337633 STOCK MARKET QUOTE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, ALL OF WHOM SHALL BE VOTING TRUSTEES, SHALL INCLUDE THE PRESIDENT OF THE COLLEGE, THE PRESIDENT OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, THE CHAIRPERSON AND VICE CHAIRPERSON OF THE BOARD, AND THE CHAIRPERSONS OF ALL BOARD STANDING COMMITTEES. THE CHAIRPERSON SHALL INSURE THERE IS AT LEAST ONE (1) REPRESENTATIVE NOMINATED TO ITS BOARD BY DULUTH BENEDICTINE MINISTRIES, IN ADDITION TO THE PRESIDENT OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, ON THE EXECUTIVE COMMITTEE. THE CHAIRPERSON CAN APPOINT UP TO TWO (2) ADDITIONAL MEMBERS TO THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD: 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS MATTERS BETWEEN REGULAR BOARD MEETINGS; AND 2) IT SHALL ASSIST THE CHAIRPERSON AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE 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: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE BYLAWS, CHARTER, OR ARTICLES OF INCORPORATION; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY VALUED GREATER THAN $1,000,000; AND ADOPTION OF THE ANNUAL BUDGET. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON BUSINESS MATTERS WHICH CANNOT BE DEFERRED UNTIL THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS OR PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS THE PRESIDENT'S PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND CONDITIONS OF EMPLOYMENT. THE PRESIDENT SHALL NOT HAVE A VOTE IN THE ASSESSMENT OF THIS PERFORMANCE ASSESSMENT NOR IN THE DETERMINATION OF COMPENSATION AND CONDITIONS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENCY OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, REPRESENTATIVES FROM DULUTH BENEDICTINE MINISTRIES, AND THE PRESIDENT OF THE COLLEGE'S ALUMNI ASSOCIATION ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES AND ARE ELECTED THROUGH THEIR RESPECTIVE ASSOCIATIONS. ADDITIONALLY, THE BOARD OF TRUSTEES SHALL APPOINT TO MEMBERSHIP A FACULTY MEMBER ELECTED BY THE FACULTY ASSEMBLY, A STUDENT APPOINTED BY THE STUDENT SENATE, AND A REPRESENTATIVE OF THE COLLEGE STAFF. THESE THREE REPRESENTATIVES SHALL HAVE VOICE BUT NO VOTE AT BOARD MEETINGS, BUT MAY VOTE AT COMMITTEE MEETINGS IN SITUATIONS WHERE NON-BOARD MEMBERS ARE ABLE TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B AS SPONSOR OF THE COLLEGE, DULUTH BENEDICTINE MINISTRIES HOLDS CERTAIN RESERVED POWERS WHICH ARE EXERCISED BY ITS GOVERNING BODY. WITH REGARD TO THE MISSION AND THE MISSION STATEMENT, DULUTH BENEDICTINE MINISTRIES RESERVES THE POWER TO WITHHOLD APPROVAL OF ANY ACTION OF THE BOARD OF TRUSTEES OF THE COLLEGE WHICH MAY, INTENTIONALLY OR UNINTENTIONALLY, CHANGE THE MISSION OR MISSION STATEMENT OF THE COLLEGE. FURTHER, DULUTH BENEDICTINE MINISTRIES MAINTAINS THE AUTHORITY TO REVIEW ANNUAL PLANS AND EVALUATIONS RELATING TO MISSION EFFECTIVENESS CONDUCTED BY THE COLLEGE. THE BENEDICTINE SISTERS OF ST. SCHOLASTICA MONASTERY RESERVE THE POWER TO WITHHOLD APPROVAL OF ANY ACTION OF THE BOARD OF TRUSTEES OF THE COLLEGE WHICH MAY INTENTIONALLY OR UNINTENTIONALLY: CHANGE THE CANONICAL SPONSORSHIP, RESULT IN A TRANSACTION OR ACTIVITY INCONSISTENT WITH THE COLLEGE'S CANONICAL RELATIONSHIP WITH ITS SPONSOR OR MODIFY ARTICLE XII, SECTIONS 6 AND 7, ARTICLE XIV COMMITTEES, SECTION 4, AND ARTICLE XV SECTION 1 OF THESE BYLAWS; ALTER THE REAL ESTATE HOLDINGS OF THE COLLEGE OR THOSE LANDS OR BUILDINGS LEASED TO THE COLLEGE BY THE BENEDICTINE SISTERS, SUBJECT TO THE LEASES BETWEEN THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION AND THE COLLEGE; CHANGE THE PROVISION IN ARTICLE IV, SECTION 1 WHICH REQUIRES UP TO 25% BUT NOT FEWER THAN FOUR (4) OF THE VOTING TRUSTEES TO BE REPRESENTATIVES OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, TO INCLUDE THE PRESIDENT OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION AND NOT FEWER THAN THREE (3) PERSONS NOMINATED BY DULUTH BENEDICTINE MINISTRIES.; THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION ALSO RESERVES THE POWER TO WITHHOLD APPROVAL OF ANY MERGER, CONSOLIDATION, LIQUIDATION OR DISSOLUTION INVOLVING THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE 2024 FORM 990 WAS PREPARED BY THE COLLEGE'S FINANCE DEPARTMENT STAFF WITH THE COLLEGE'S INDEPENDENT AUDIT FIRM COMPLETING THE RETURN IN ITS PROPER FORMAT. THE FORM 990 WAS THEN REVIEWED FOR ACCURACY AND COMPLIANCE WITH TAX LAW AND FORM INSTRUCTIONS. SUBSEQUENT REVIEW BY THE EXECUTIVE DIRECTOR OF FINANCE, LEAD FINANCIAL ANALYST, AND VICE PRESIDENT FOR FINANCE & STRATEGY PRIOR TO A DRAFT BEING PROVIDED TO THE COLLEGE'S BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. THE BOARD OF TRUSTEES, AS A WHOLE, DOES A FINAL APPROVAL FOLLOWING THE ACTIONS OF THE AUDIT & FINANCE COMMITTE AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL COMMITTEE MEMBERS, INCLUDING TRUSTESS AND NON-VOTING MEMBERS, ARE REQUIRED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. TRUSTEES MAY NOT VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. THE MINUTES OF EACH MEETING REFLECT THAT A DISCLOSURE WAS MADE AND THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTION BY MAJORITY VOTE. EMPLOYEES SHOULD AVOID ANY SITUATION WHICH COULD BE CONSTRUED AS A CONFLICT OF INTEREST. VIOLATIONS ARE REPORTED TO THE EMPLOYEE'S SUPERVISOR, DEPARTMENT VICE PRESIDENT OR DIRECTOR OF HUMAN RESOURCES. ALLEGATIONS ARE INVESTIGATED FAIRLY AND THOROUGHLY. IF CONFIRMED BY EMPLOYEE OR INVESTIGATION DISCIPLINARY ACTIONS MAY RESULT. FORM 990, PART VI, SECTION B, LINE 15 RECRUITMENT AND RETENTION OF A WELL-QUALIFIED INDIVIDUAL INTO THE LEADERSHIP ROLE OF PRESIDENT IS VITAL TO THE SUCCESS AND GROWTH OF THE COLLEGE. TO SUPPORT THESE EFFORTS, THE COLLEGE HAS CREATED A METHODOLOGY TO DETERMINE A COMPETITIVE WAGE STRUCTURE FOR THIS POSITION. THE PRIMARY SOURCE FOR SALARY DATA ARE OUTSIDE SURVEYS USED FOR BENCHMARKING. DATA IS COLLECTED ON A VARIETY OF FACTORS THAT ENABLE THE COLLEGE TO CREATE A COMPARATIVE GROUP OF COLLEGES THAT MOST RESEMBLE ST. SCHOLASTICA. SPECIFIC WAGE DATA IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES BY THE VICE PRESIDENT FOR HUMAN RESOURCES IN THE FALL OF EACH YEAR. THIS COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE OVER THE PREVIOUS FISCAL YEAR AND PREPARES A SALARY RECOMMENDATION FOR FULL BOARD APPROVAL AT ITS ANNUAL OCTOBER MEETING. THE PRESIDENT'S NEW WAGE GOES INTO EFFECT THE FOLLOWING JANUARY 1. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. RECRUITMENT AND RETENTION OF WELL QUALIFIED INDIVIDUALS INTO THE LEADERSHIP ROLES OF VICE PRESIDENT/OTHER KEY EMPLOYEES ARE VITAL TO THE SUCCESS AND GROWTH OF THE COLLEGE. TO SUPPORT THESE EFFORTS, THE COLLEGE HAS CREATED A METHODOLOGY TO DETERMINE COMPETITIVE WAGE STRUCTURES FOR THESE POSITIONS. THE PRIMARY SOURCE FOR SALARY DATA ARE EXTERNAL SURVEYS SUCH AS THE ANNUAL CUPA ADMINISTRATION COMPENSATION SALARY SURVEY. DATA IS COLLECTED ON A VARIETY OF FACTORS THAT ENABLE THE COLLEGE TO CREATE A COMPARATOR GROUP OF COLLEGES THAT MOST RESEMBLE ST. SCHOLASTICA. EACH VICE PRESIDENT TITLE IS EVALUATED SEPARATELY AND THE MEDIAN OF THE RESULTING RANGE BECOMES THE MIDPOINT OR TARGET WAGE FOR THAT JOB. IN ORDER TO MAINTAIN INTERNAL EQUITY, THIS SAME COMPARATOR GROUP IS USED TO CREATE SALARY RANGES FOR ALL VICE PRESIDENT POSITIONS. ALTHOUGH CUPA IS THE PRIMARY SOURCE FOR SALARY DATA, THE COLLEGE ALSO CHECKS THE CPI AND OTHER WAGE RELATED DATA ON AN ANNUAL BASIS TO ENSURE WAGE STRUCTURES ARE BUILT ON SOUND ECONOMIC PRINCIPLES AND REFLECT CURRENT COMPENSATION TRENDS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, THE COLLEGE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9: ADJUSTMENT IN ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 2,404. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.