2026-05-15T10:11:31-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2024-07-01 390806154 MOUNT MARY UNIVERSITY INC MOUN 4149303033 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 DR ISABELLE CHERNEY PRESIDENT 4149303033 2026-05-13 1 1 KRISTEN DONLEVY P01670215 4144761880 2026-05-04 2024 2025-03-06 01:10:19Z DR ISABELLE CHERNEY 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 51622509 0 X WWW.MTMARY.EDU X 1913 WI MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 24 23 596 50 -20522 0 5730696 5592418 31617179 30171689 1966216 4285948 1183770 248893 40497861 40298948 14000217 15093612 0 0 17674630 17200992 0 0 0 9747812 10639756 41422659 42934360 -924798 -2635412 73289994 71774808 7133555 6508714 66156439 65266094 X MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 0 0 27154909 15093612 27985825 MOUNT MARY UNIVERSITY HAD APPROXIMATELY 876 UNDERGRADUATE AND 510 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30, 2025. FOR THE 2425 ACADEMIC YEAR, 304 DEGREES WERE AWARDED (38 DOCTORATE, 114 MASTERS, 7 BACCALAUREATE CERTIFICATES AND 145 BACCALAUREATE DEGREES) WERE AWARDED TO STUDENTS. 3834390 0 2185864 THE UNIVERSITY SERVICED APPROXIMATELY 1,386 STUDENTS WITH ADMISSIONS, RECRUITMENT, ORIENTATION, FINANCIAL AID, TUTORING, STUDENT ENGAGEMENT, CAMPUS MINISTRY, STUDENT ADVISING, FITNESS CENTER, CAREER DEVELOPMENT, COUNSELING CENTER, REGISTRAR, RESIDENT LIFE, INFORMATION TECHNOLOGY AND ATHLETIC TEAMS FOR SUPPORT OF THE WHOLE STUDENT. 1887388 0 0 THE UNIVERSITY SERVICED APPROXIMATELY 1,386 STUDENTS WITH VARIOUS STUDENT ENGAGEMENT AND COMMUNITY SUPPORTING INITIATIVES. I.E. STUDENT ADVISING, INTERNATIONAL CENTER FOR STUDENTS, COUNSELING CENTER, LIBRARY 32876687 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 190 0 1 596 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X BUSINESS OFFICE 4149303033 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 SISTER DEBRA M SCIANO SSND 1.00 X 0 0 0 SISTER JOAN ANDERT SSND 1.00 X 0 0 0 SISTER SHARON SLEAR SSND 1.00 X 0 0 0 EILEEN SCHWALBACH SSND 1.00 X 0 0 0 J OMAR ANDRIETSCH TRUSTEE 1.00 X 0 0 0 STEPHANIE RUSSELL CHAIR 1.00 X 0 0 0 LENA LEE TRUSTEE 1.00 X 0 0 0 LISA JANSEN TRUSTEE 1.00 X 0 0 0 MARILKA VELEZ TRUSTEE 1.00 X 0 0 0 ANN NATTINGER TRUSTEE 1.00 X 0 0 0 MARIE OBRIEN TRUSTEE 1.00 X 0 0 0 DAVID JORGENSEN TRUSTEE 1.00 X 0 0 0 MARGARET CALLAHAN TRUSTEE 1.00 X 0 0 0 MARY JO LAYDEN TRUSTEE 1.00 X 0 0 0 DAVID KRUTZ VICE-CHAIR 1.00 X 0 0 0 SCOTT NAZE TRUSTEE 1.00 X 0 0 0 ERICA-NICOLE HARRIS VICE-CHAIR 1.00 X 0 0 0 JEFF SCOTT TRUSTEE 1.00 X 0 0 0 JOEL BRENNAN TRUSTEE 1.00 X 0 0 0 KAREN DAVIDSON TRUSTEE 1.00 X 0 0 0 ANN TESMER TRUSTEE 1.00 X 0 0 0 JEFF HEMBROCK TRUSTEE 1.00 X 0 0 0 BECKY PINTER TRUSTEE 1.00 X 0 0 0 MARJORIE RUCKER TRUSTEE 1.00 X 0 0 0 SUE BELLEHUMEUR BOARD CHAIR 1.00 X 0 0 0 TERRA MCKINNEY TRUSTEE 1.00 X 0 0 0 CHRISTINE WISEMAN TRUSTEE 1.00 X 0 0 0 YOLLANDE TCHOUAPI TRUSTEE 1.00 X 0 0 0 ALIOTO KERI VICE PRESIDENT OF STUDENT AFFAIRS 50.00 X 132396 0 19586 CHERNEY ISABELLE PRESIDENT 50.00 X 305306 0 29811 FRIEDLEN KAREN VICE PRESIDENT OF ACADEMIC AFFAIRS 50.00 X 141272 0 26329 MULLIGAN JESSICA VICE PRESIDENT OF ADVANCEMENT 50.00 X 134988 0 39648 O'KEEFE ROBERT VICE PRESIDENT OF ADMINISTRATION AND CFO 50.00 X 24293 0 1324 STAPLETON ANDREA VICE PRESIDENT OF MISSION AND JUSTICE 50.00 X 116650 0 6299 WEGENER DAVE VICE PRESIDENT OF ENROLLMENT SERVICES 50.00 X 103765 0 13952 KING CARRIE PROFESSOR AND CHAIR 50.00 X 108985 0 1767 MAHER JULIE DEAN AND CHIEF NURSING ADMINISTRATOR 50.00 X 124330 0 23407 MILLER JENNIFER ASSISTANT PROFESSOR 50.00 X 108020 0 21100 SCHWARTZ ROBERT CHIEF TRANSFORMATION AND INNOVATION OFFICER 50.00 X 109235 0 36944 INDA KARI PROFESSOR AND CHAIR 40.00 X 118758 0 4071 1527998 0 224238 17 0 1 0 AMERICAN FOOD AND VENDING 24 METROPOLITAN PARK DRIVE SYRACUSE NY 13088 FOOD SERVICES/DINING 811333 IHOR HOME SERVICES LLC 965 ARLON COURT BELGIUM WI 53004 CLEANING SERVICES/HOUSEKEEPING 467813 ECAMPUSCOM (A BOOK COMPANY LLC) 2373 PALUMBO DR LEXINGTON KY 40509 CAPUS BOOKS/SUPPLIES 417449 B V TETZLAFF INC 3530 N 127TH STREET BROOKFIELD WI 53005 WATERMAIN REPAIR WORK 267719 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 25306 STUDENT RETENTION SOFTWARE 210580 20 262116 5330302 54471 5592418 TUITION AND FEES 611600 27923908 27923908 AUXILIARY ENTERPRISES 722320 2185864 2185864 INTEREST ON TUITION RECEIVABLES 611600 61917 61917 30171689 3623323 3623323 185755 126330 59425 59425 -20522 79947 11859156 700 11197231 0 661925 700 662625 662625 MISC. REVENUE 900099 189468 189468 189468 40298948 30171689 -20522 4555363 15093612 15093612 1311799 344440 967359 12664826 10261774 2403052 36592 36592 2421476 1772706 648770 766299 535397 230902 21796 21796 60195 60195 215364 215364 445432 238031 207401 596877 229131 367746 1166395 732143 434252 967603 157504 810099 2504848 1589970 914878 158353 139810 18543 126803 126803 221488 221488 1735072 1120053 615019 529825 529825 FOOD SERVICE COSTS 733602 733602 PROGRAMMING 547274 343874 203400 CREDIT LOSSES 265968 265968 342861 154847 188014 42934360 32876687 10057673 0 2315094 1671883 773064 0 2037445 1113816 756366 1220272 827217 786203 68942462 44228836 25397473 24713626 41183335 42269008 73289994 71774808 1133783 772456 851260 835268 4802250 4604090 346262 296900 7133555 6508714 X 33831710 31992561 32324729 33273533 66156439 65266094 73289994 71774808 -2635412 1745067 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49080 27619770 581311 2484874 2018069 28667886 27206462 521654 1933655 2042001 27619770 25553567 849632 2676263 1873000 27206462 28920096 2468717 -4720246 1115000 25553567 22877952 524644 6557504 1040004 28920096 0.78400 0.21600 0 0 516846 516846 50317434 28030470 22286964 11242770 12872704 -1629934 6865412 3325662 3539750 24713626 INVESTMENTS-OTH SECS 42269008 C 42269008 FUNDS HELD FOR CAMPUS ORGANIZATIONS 296900 296900 X 27076733 1745067 1745067 25331666 14967282 14967282 40298948 27967078 126330 126330 27840748 15093612 15093612 42934360 PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE 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 POSITION AS OF JUNE 30, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE 15,093,612. RENTAL EXPENSES -126,330. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 126,330. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE 15,093,612. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ANNOUNCEMENTS, BROCHURES, COURSE DESCRIPTIONS SCHEDULE E, PART I, LINE 6 VARIOUS GOVERNMENT GRANTS TO PROVIDE FINANCIAL AID TO STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 EDUCATIONAL STUDY ABROAD 24863 0 0 0 0 0 0 24863 0 24863 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVE GRANT AWARDS FOR ATTENDING THE UNIVERSITY. IN THE US STUDENT'S ELIGIBILITY FOR GRANT SUPPORT IS DEPENDENT ONLY ON THEIR STATUS AS AN INTERNATIONAL STUDENT. THE ADMISSIONS AND REGISTRAR'S OFFICES VERIFY THE INTERNATIONAL STUDENT STATUS USING THEIR VISAS. THE FINANCIAL AID OFFICE POSTS THE FINANCIAL AID AWARD TO THEIR AID PACKAGE AND THE BUSINESS OFFICE POSTS THE AID ON THEIR STUDENT ACCOUNT. NO PAYMENTS OF CASH ARE MADE TO INTERNATIONAL STUDENTS DIRECTLY FOR THEIR GRANT AWARDS. 1 EDUCATIONAL SCHOLARSHIPS 367 15093612 PART I, LINE 2: EACH STUDENT IS REVIEWED BY TWO OR THREE INDIVIDUALS IN THE AWARDING PROCESS. STUDENTS ARE THEN AWARDED GRANT FUNDS BASED ON FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS. GUIDELINES AND INSTITUTIONAL MATRIX PROCEDURES FOR MONITORING FUNDS ARE ALSO BUILT INTO THE COMPUTER AWARDING SOFTWARE. X X X X X 0 0 0 0 0 0 0 0 0 CHERNEY ISABELLE PRESIDENT 277580 0 0 0 27726 0 0 0 29811 0 335117 0 0 0 MULLIGAN JESSICA VICE PRESIDENT OF ADVANCEMENT 112488 0 0 0 22500 0 0 0 39648 0 174636 0 0 0 FRIEDLEN KAREN VICE PRESIDENT OF ACADEMIC AFFAIRS 133766 0 0 0 7506 0 0 0 26329 0 167601 0 0 0 ALIOTO KERI VICE PRESIDENT OF STUDENT AFFAIRS 125533 0 0 0 6863 0 0 0 19586 0 151982 0 0 0 A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2023-05-10 5077000 REFINANCE 0 0 0 A 406160 5077000 77000 5000000 2023 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 3 34831 FMV X FABRICS, NOTIONS AND TRIMS FOR APPAREL CONSTRUCTION 1 17945 X BRUNSON 1 1500 X TRAUB 1 195 0 0 0 0 PART I, COLUMN (B): COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7B SCHOOL SISTERS OF NOTRE DAME (SSND) CORPORATE BOARD WHO MUST APPROVE CERTAIN THINGS UNDER "RESERVED POWERS". FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND RISK MANAGEMENT COMMITTEE MEMBERS WILL HAVE AN OPPORTUNITY TO REVIEW THE PUBLIC DISCLOSURE VERSION WHICH EXCLUDES NAMES AND ADDRESSES OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS, THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE PRESIDENT OF MMU ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT MMU'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE PRESIDENT OF MMU. EACH BOARD MEMBER AND EMPLOYEE OF MMU SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. ANNUALLY, EACH BOARD MEMBER AND EMPLOYEE SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR OFFICERS AND KEY EMPLOYEES A CUPA ANALYSIS IS PERFORMED FOR EACH POSITION RESPONSIBILITIES AND DUTIES. THE PRESIDENT, CFO AND HUMAN RESOURCES COMPLETES ANALYSIS AND DETERMINES/APPROVES COMPENSATION. THE PRESIDENT COMPENSATION ADHERES TO THE SAME ANALYSIS BUT IS DETERMINED/APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST SCHOOL SISTERS OF NOTRE DAME 13105 WATERTOWN PLANK ROAD ELM GROVE WI 53122 390806379 MINISTRY WI 501(C)(3) LINE 1 N/A 0 SSND MMU MCH VENTURE INC 9525 WEST BURLEIGH STREET MILWAUKEE WI 53222 844473861 INTERGENTERATIONAL LIVING ENVIRONMENT WI 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0