PRESENTATION COLLEGE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PRESENTATION COLLEGE (EIN 46-0280847)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-15
- IRS object ID
- 202441369349310359
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-15T13:32:22-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 Burnt Boat Loop Ste 100 | AddressLine1Txt |
| City | Bismarck | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 585030886 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460280847 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Presentation College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 6052298453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North 2nd Street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Deanna Larson | PersonNm |
| Person Title | Board Chair | PersonTitleTxt |
| Phone | 6052298453 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Deanna | PersonFirstNm |
| Person Last | Larson | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lisa Chaffee CPA | PreparerPersonNm |
| PTIN | P00193453 | PTIN |
| Phone | 6052258783 | PhoneNum |
| Preparation | 2024-05-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | Deanna Larson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North 2nd Street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $16,202,472 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0928 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.presentation.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1951 | FormationYr |
| Legal Domicile State | SD | LegalDomicileStateCd |
| Activity Or Mission | Challenge learners toward academic excellence and the development of the whole person. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 260 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,273,147 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,988,463 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,398,792 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $12,241,284 | CYProgramServiceRevenueAmt |
| PY Investment Income | $867,904 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,873,143 | CYInvestmentIncomeAmt |
| PY Other Revenue | $91,307 | PYOtherRevenueAmt |
| CY Other Revenue | $14,533 | CYOtherRevenueAmt |
| PY Total Revenue | $23,631,150 | PYTotalRevenueAmt |
| CY Total Revenue | $16,117,423 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,219,660 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,526,167 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,802,641 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,117,511 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $493,625 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,322,563 | PYOtherExpensesAmt |
| CY Other Expenses | $6,851,396 | CYOtherExpensesAmt |
| PY Total Expenses | $18,344,864 | PYTotalExpensesAmt |
| CY Total Expenses | $19,495,074 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,286,286 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,377,651 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $36,073,681 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,753,590 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,064,163 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,380,073 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $27,009,518 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,373,517 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $8,287,352 | ExpenseAmt |
| Revenue | $10,191,895 | RevenueAmt |
| Desc | Provided in-person and online educational services in Aberdeen, South Dakota for undergraduate and graduate students. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,080,224 | ExpenseAmt |
| Revenue | $2,049,389 | RevenueAmt |
| Desc | Auxiliary enterprises - campus housing, food service, and recreational facilities. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,526,167 | ExpenseAmt |
| Grant | $4,526,167 | GrantAmt |
| Desc | Funded and unfunded scholarships and grants. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $14,893,743 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 260 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deanna Larson | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6052298453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 North 2nd Street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Terry Helms | |||||||
| Board Chair (Jul-Jan) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Hal Clemensen | |||||||
| Board Vice Chair (Jul-May) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Mary Worlie | |||||||
| Secetary (Jul-May) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Deanna Larson - Member | |||||||
| (Jul-Jan)/ Board Chair (Feb-Jun) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Esther Preszler - Member | |||||||
| (Jul-May)/Board Vice Chair (Jun) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Kelli Fischer | |||||||
| Member (Jul-May) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Sr Phyllis Gill | |||||||
| Member (Jul-May) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Kathy Zambo | |||||||
| Member (Jul-May) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Steve Kohles | |||||||
| Member (Jul-Aug) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Tyler Wenbourne | |||||||
| Member (Jul-Aug) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Mike Williams | |||||||
| Member (Jul-Aug) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Sr Janice Klein | |||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Sr Vicky Larson | |||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Sr Patricia Prunty | |||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Randy Schuring | |||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Kyle Schwan | |||||||
| Member | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Cindi Walsh | |||||||
| Member | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Paula Langteau | |||||||
| President (July-May) | 40.00 | Yes (X) | $228,917 | $0 | $47,452 | ||
| Jillaine Smith | |||||||
| Chief of Operations (May-June) | 40.00 | Yes (X) | $64,282 | $0 | $25,246 | ||
| David Cannon | |||||||
| CFO (July-Dec) | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| Rocky Query | |||||||
| CFO (Dec-June) | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Marcus Garstecki - VP for | |||||||
| Enrollment Mgmt & Student | 40.00 | $144,900 | $0 | $3,216 | Yes (X) | ||
| Matthew Blair | |||||||
| VP for Advancement | 40.00 | $125,503 | $0 | $11,181 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $563,602 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $87,095 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Aramark | |||||
| 1101 Market Street | Philadelphia | PA | 19107 | Dining Services | $973,632 |
| Duenwald Transportation | |||||
| 1214 N Cloud St | Clark | SD | 57225 | Transportation | $155,067 |
| Foreman Bus | |||||
| PO Box 351 | Miller | SD | 57362 | Transportation | $102,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $180,155 | FundraisingAmt |
| Government Grants | $30,385 | GovernmentGrantsAmt |
| All Other Contributions | $1,777,923 | AllOtherContributionsAmt |
| Noncash Contributions | $53,530 | NoncashContributionsAmt |
| Total Contributions | $1,988,463 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Student Tuition/Fees | 611600 | $10,034,658 | $10,034,658 |
| Auxiliary Enterprises | 611710 | $2,049,389 | $2,049,389 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,237 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $12,241,284 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $390,084 | TotalRevenueColumnAmt |
| Exclusion | $390,084 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $9,831 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $9,831 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,831 | TotalRevenueColumnAmt |
| Exclusion | $9,831 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,482,440 | SecuritiesAmt |
| Other | $619 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,482,440 | SecuritiesAmt |
| Other | $619 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,483,059 | TotalRevenueColumnAmt |
| Exclusion | $1,483,059 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $77,211 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $180,155 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $74,957 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,254 | TotalRevenueColumnAmt |
| Exclusion | $2,254 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $12,540 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $10,092 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,448 | TotalRevenueColumnAmt |
| Exclusion | $2,448 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,117,423 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,241,284 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,887,676 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,526,167 | TotalAmt |
| Program Services | $4,526,167 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,959 | TotalAmt |
| Management And General | $353,959 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,474,296 | TotalAmt |
| Program Services | $5,188,035 | ProgramServicesAmt |
| Management And General | $978,719 | ManagementAndGeneralAmt |
| Fundraising | $307,542 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,248 | TotalAmt |
| Program Services | $59,055 | ProgramServicesAmt |
| Management And General | $14,692 | ManagementAndGeneralAmt |
| Fundraising | $3,501 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $739,284 | TotalAmt |
| Program Services | $597,224 | ProgramServicesAmt |
| Management And General | $106,657 | ManagementAndGeneralAmt |
| Fundraising | $35,403 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $472,724 | TotalAmt |
| Program Services | $361,390 | ProgramServicesAmt |
| Management And General | $89,911 | ManagementAndGeneralAmt |
| Fundraising | $21,423 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,148 | TotalAmt |
| Management And General | $143,148 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,929 | TotalAmt |
| Management And General | $39,929 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,070 | TotalAmt |
| Management And General | $85,070 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,449 | TotalAmt |
| Management And General | $41,449 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,640,267 | TotalAmt |
| Program Services | $1,056,969 | ProgramServicesAmt |
| Management And General | $570,816 | ManagementAndGeneralAmt |
| Fundraising | $12,482 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,834 | TotalAmt |
| Program Services | $14,807 | ProgramServicesAmt |
| Management And General | $72,523 | ManagementAndGeneralAmt |
| Fundraising | $60,504 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,650 | TotalAmt |
| Program Services | $155,178 | ProgramServicesAmt |
| Management And General | $37,265 | ManagementAndGeneralAmt |
| Fundraising | $8,207 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $818,471 | TotalAmt |
| Program Services | $460,307 | ProgramServicesAmt |
| Management And General | $357,782 | ManagementAndGeneralAmt |
| Fundraising | $382 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $385,893 | TotalAmt |
| Program Services | $365,763 | ProgramServicesAmt |
| Management And General | $12,927 | ManagementAndGeneralAmt |
| Fundraising | $7,203 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,625 | TotalAmt |
| Program Services | $67,129 | ProgramServicesAmt |
| Management And General | $42 | ManagementAndGeneralAmt |
| Fundraising | $4,454 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $264,625 | TotalAmt |
| Program Services | $264,625 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,132,971 | TotalAmt |
| Program Services | $1,119,103 | ProgramServicesAmt |
| Management And General | $12,712 | ManagementAndGeneralAmt |
| Fundraising | $1,156 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,362 | TotalAmt |
| Program Services | $121,547 | ProgramServicesAmt |
| Management And General | $24,319 | ManagementAndGeneralAmt |
| Fundraising | $496 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Bad Debt | $1,005,050 | $1,005,050 | |
| Direct Student Expense | $384,331 | $384,331 | |
| Special Events | $106,757 | $1,812 | $104,945 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,964 | TotalAmt |
| Program Services | $47,168 | ProgramServicesAmt |
| Management And General | $158,924 | ManagementAndGeneralAmt |
| Fundraising | $30,872 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,495,074 | TotalAmt |
| Program Services | $14,893,743 | ProgramServicesAmt |
| Management And General | $4,107,706 | ManagementAndGeneralAmt |
| Fundraising | $493,625 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,700,126 | BOYAmt |
| EOY | $3,376,976 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $441,910 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,904 | BOYAmt |
| EOY | $190,528 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,013 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,378 | BOYAmt |
| EOY | $43,063 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,359,080 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,692,324 | BOYAmt |
| EOY | $11,024,648 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,143 | BOYAmt |
| EOY | $28,144 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,199 | BOYAmt |
| EOY | $18,899 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $284,604 | BOYAmt |
| EOY | $71,332 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,073,681 | BOYAmt |
| EOY | $14,753,590 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $567,188 | BOYAmt |
| EOY | $955,938 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612,194 | BOYAmt |
| EOY | $109,414 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,369,840 | BOYAmt |
| EOY | $7,090,680 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,090 | BOYAmt |
| EOY | $2,045 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,138 | BOYAmt |
| EOY | $24,123 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,713 | BOYAmt |
| EOY | $197,873 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,064,163 | BOYAmt |
| EOY | $8,380,073 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,048,861 | BOYAmt |
| EOY | -$6,370,157 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,960,657 | BOYAmt |
| EOY | $12,743,674 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,009,518 | BOYAmt |
| EOY | $6,373,517 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,073,681 | BOYAmt |
| EOY | $14,753,590 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,377,651 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$919,524 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$16,338,826 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,081,912 | BeginningYearBalanceAmt |
| Contributions | $52,254 | ContributionsAmt |
| Investment Earnings Or Losses | $811,218 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,319,933 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,625,451 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,525,545 | BeginningYearBalanceAmt |
| Contributions | $930,083 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,271,875 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,101,841 | GrantsOrScholarshipsAmt |
| End Year Balance | $15,081,912 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,202,732 | BeginningYearBalanceAmt |
| Contributions | $1,354,062 | ContributionsAmt |
| Investment Earnings Or Losses | $2,608,060 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $639,309 | GrantsOrScholarshipsAmt |
| End Year Balance | $16,525,545 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,925,751 | BeginningYearBalanceAmt |
| Contributions | $80,765 | ContributionsAmt |
| Investment Earnings Or Losses | $651,652 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $455,436 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,202,732 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,866,865 | BeginningYearBalanceAmt |
| Contributions | $62,135 | ContributionsAmt |
| Investment Earnings Or Losses | $904,089 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $907,338 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,925,751 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.89540 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.10460 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Student Loan Funds | $78,984 |
| Annuities Payable | $118,889 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $197,873 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,644,849 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$919,524 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,527,112 | OtherRevenueAmt |
| Revenue Not Reported | -$5,446,636 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,091,485 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $41,449 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$15,511 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $25,938 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,117,423 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $31,267,642 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $16,341,129 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $16,341,129 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,926,513 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $41,449 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $4,527,112 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,568,561 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $19,495,074 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. |
| Part V, Line 4: | The endowment funds are used for institutional scholarships and grants and support of college programs. |
| Part X, Line 2: | The College believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the financial statements. The College would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. |
| Part XI, Line 2d - Other Adjustments: | Funded and Unfunded Scholarships and Grants -4,526,167. Loan Cancellation and Loss Provisions -945. |
| Part XI, Line 4b - Other Adjustments: | Costs of Sales Expenses -10,092. Fundraising Expenses -5,419. |
| Part XII, Line 2d - Other Adjustments: | Costs of Sales Expenses 10,092. Fundraising Expenses 5,419. Impairment Loss on Assets 16,325,618. |
| Part XII, Line 4b - Other Adjustments: | Funded and Unfunded Scholarships and Grants 4,526,167. Loan Cancellation and Loss Provisions 945. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Publicized in all the College's marketing printed material, via the institutions web-pages, Faculty, Staff and Student handbooks, and various bulletin boards on campus. |
| Schedule E, Part I, Line 6 | Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf with Saints | Event1Nm |
| Gross Receipts Event1 | $15,545 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $10,881 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $4,664 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $10,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $6,282 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $7,892 | OtherDirectExpensesEvent1Amt |
| Event2 | Denim and Diamonds Gala | Event2Nm |
| Gross Receipts Event2 | $241,821 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $169,274 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $72,547 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $18,288 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $9,600 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $22,895 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $257,366 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $180,155 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $77,211 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $10,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $24,570 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $9,600 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $30,787 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $74,957 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $2,254 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Athletic and academic scholarships and grants | GrantTypeTxt |
| Recipient | 2759 | RecipientCnt |
| Cash Grant | $4,526,167 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The College has established programs for each type of scholarship and awards funds according to the parameters of each program and as funding is available. The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Paula Langteau | PersonNm |
| Title | President (July-May) | TitleTxt |
| Base Compensation Filing Org | $228,917 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $4,902 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $44,357 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $278,176 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | President's housing allowance & President's country club membership, both of which are approved by the Board of Trustees. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brown County South Dakota | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 466000011 | BondIssuerEIN |
| CUSIP | 115432AS5 | CUSIPNum |
| Bond Issued | 2013-05-30 | BondIssuedDt |
| Issue Price | $9,979,461 | IssuePriceAmt |
| Purpose | Construct New Student Housing and Wellness Center | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,776,000 | RetiredAmt |
| Total Proceeds | $9,979,461 | TotalProceedsAmt |
| In Reserve Fund | $702,521 | InReserveFundAmt |
| Issuance Costs From Proceeds | $162,039 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $9,121,700 | CapitalExpendituresAmt |
| Substantial Completion | 2013 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Date Rebate Computation Performed | FormAndLineReferenceDesc |
| Explanation | Issuer Name: Brown County, South Dakota Date the Rebate Computation was Performed: 05/22/2018 | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Miscellaneous noncash contributions for fundraising events | Desc |
| Contribution | 100 | ContributionCnt |
| Noncash Contributions Rpt F990 | $53,530 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Cost or selling pric | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | Number of contributions. | ExplanationTxt |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | Property, Plant and Equipment | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2023-06-30 | DistributionDt |
| Fair Market Value Of Asset | $16,325,618 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | Book Value | MethodOfFMVDeterminationTxt |
| EIN | 460253283 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sisters of the Presentation of Blessed Virgin Mary | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N 2nd Street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(c)(3) | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 3 | The board approved the Provisional Plan to cease educational operations at the December 2022 board meeting. The Plan was submitted to the Higher Learning Commission. |
| Form 990, Part VI, Section A, line 3 | The Vice President for Finance & Administration, David Cannon, is employeed by Collegiate Enterprise Solutions, an unrelated management company, for services as Vice President for Presentation College. Presentation College paid $88,698 in fiscal year June 30, 2023 for his services. Cannon's service ended December of 2022. The Chief Financial Officer, Rocky Query, who started December of 2022, is employeed by Query and Associates, an unrelated management company, for services as CFO for Presentation College. Presentation College paid $54,450 in fiscal year June 30, 2023 for his services. |
| Form 990, Part VI, Section A, line 6 | Members of the College are the elected officers of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota as defined by the College's Articles of Incorporation. |
| Form 990, Part VI, Section A, line 7a | Four members of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. The members have the authority to appoint two to four people to the Board of Trustees. |
| Form 990, Part VI, Section A, line 7b | The members of the organization shall have the authority to take the following actions unilaterally: (a) Appoint two to four people to the Board of Trustees. (b) Remove a Trustee appointed by the Members of this Corporation from the Board of Trustees with or without cause. (c) Require the Board of Trustees to consider or reconsider any action or item within 90 days that the Members have determined to be significant to the Presentation of the Blessed Virgin Mary or Catholic character of this Corporation. (d) Remove any or all of the members of the Board of Trustees as a group and name successor Trustees. (e) Appoint one Member of this Corporation to any presidential search committee The Board of Trustees of the organization may not take the following actions without the approval of the Members of the organization: (a) Appoint the President of the College. (b) Sell, lease, or encumber any real property owned by this Corporation. (c) Purchase real property. (d) Construct new buildings or undertake major renovation of existing buildings. (e) Incur long-term debt in excess of an amount set from time to time by the Members of this Corporation. (f) Make capital expenditures in excess of an amount set from time to time by the Members of this Corporation. (g) Elect new Trustees (h) Adopt or amend the gift policies of this Corporation. |
| Form 990, Part VI, Section A, line 8b | Minutes are maintained for all committees however there are no committees with authority to act on behalf of the governing board. While an Executive Committee exists, their responsibilities are advisory in nature. |
| Form 990, Part VI, Section B, line 11b | Upon receipt of the completed return, the Board Chair will review the return prior to filing with the Internal Revenue System. |
| Form 990, Part VI, Section B, line 12c | The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. |
| Form 990, Part VI, Section B, line 15 | President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed annually. |
| Form 990, Part VI, Section C, line 19 | These documents are not available to the general public. |
| Form 990, Part XI, line 9: | Change in Split-Interest Agreements -13,208. Impairment Loss on Assets -16,325,618. |
| Form 990, Part XI, Line 9 | Due to the College announcing the cessation of academic operations following the summer 2023 session, the property and equipment of the College were evaluated for impairment and were determined to have no value as a result of all assets reverting to the Presentation Sisters according to the College's articles of incorporation and by-laws; this transfer will occur subsequent to year-end. Accordingly, an impairment loss of $16,325,618 was recorded in the statement of activities at June 30, 2023, and the carrying value of the property was reduced to its estimated fair value. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sisters of the Presentation of Blessed Virgin Mary | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 N 2nd street | AddressLine1Txt |
| City | Aberdeen | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460253283 | EIN |
| Primary Activities | Sisters of the PBVM is the College's sponsor organization | PrimaryActivitiesTxt |
| Legal Domicile State | SD | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 1 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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