2023-02-21T14:49:14-06:00 2022-06-30 420714325 RSM US LLP 201 FIRST STREET SE SUITE 800 CEDAR RAPIDS IA 52401 990 2021-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 TODD OLSON PRESIDENT 3193686470 2023-02-10 1 TODD OLSON 999009999 SHAWNA HULS P01315330 3192985333 2023-02-10 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z TODD OLSON 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 90222989 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,600 STUDENTS 27 27 774 250 35065 7832 9583078 8975303 48887065 48390916 1190603 2000544 60360 48084 59721106 59414847 18959484 20648831 0 0 18375088 19083412 58427 111069 885945 15702775 17681862 53095774 57525174 6625332 1889673 108024860 103926298 20074160 17511242 87950700 86415056 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 0 0 31500982 20648831 41427215 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MA IN EDUCATION, MM, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2021, THERE WERE 1,071 TRADITIONAL, 77 ACCELERATED AND 206 GRADUATE, 142 ONLINE, AND 84 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,181; GRADUATE FTE WAS 255. 4606186 4906884 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3650655 240447 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 8206382 1816370 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 8206382 1816370 47964205 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 2160 0 1 774 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL LA MD MI ND NH NV NY OH OK OR PA SC UT WA X TODD OLSON 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 CHARLIE ROHDE BOARD CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA BARHAMAND BOARD CHAIR VICE & TRUSTEE 1.00 X X 0 0 0 SR MARGARET WEIGEL SECRETARY & TRUSTEE 1.00 X X 0 0 0 BRANDT WORLEY IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 KENNETH BROWN TRUSTEE (UNTIL 6/10/2022) 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 JEFFREY CANNON TRUSTEE (UNTIL 11/12/2021) 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LOREN COPPOCK TRUSTEE 1.00 X 0 0 0 TAMI CULVER TRUSTEE 1.00 X 0 0 0 MELANIE GIESLER-SPELLMAN TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SR DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT KAZIMOUR TRUSTEE 1.00 X 0 0 0 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JANE MEYER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 SR SUSAN O'CONNOR TRUSTEE 1.00 X 0 0 0 LISA PITZ TRUSTEE (UNTIL 6/10/2022) 1.00 X 0 0 0 SR LAURA REICKS TRUSTEE 1.00 X 0 0 0 VINCENT REID TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 KRISTEN TROVAS TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 SHEA FRANCIS AVP/CONTROLLER 40.00 X 114728 0 16261 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 40.00 X 175118 0 21864 TIMOTHY LAURENT PROVOST & VP FOR ACADEMIC AFFAIRS 40.00 X 211774 0 41498 TODD OLSON PRESIDENT 40.00 X 138590 0 22117 BRENDA HAEFNER VP FOR DEVEL & ALUMNI RELATIONS 40.00 X 159249 0 33990 LAURIE HAMEN PAST PRESIDENT 40.00 X 143778 0 17490 TOM CASTLE ASSISTANT VICE PRESIDENT 40.00 X 136126 0 33523 NATE KLEIN VP STUDENT SUCCESS 40.00 X 102176 0 34347 KIM BRO DEAN OF COLLEGE OF NURSING & HEALTH 40.00 X 112801 0 16979 1294340 0 238069 11 0 1 0 ARAMARK CORPORATION-CAMPUS SERVICES 6000 FELDWOOD ROAD COLLEGE PARK GA 30349 FOOD SERVICE 1645835 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 STUDENT RECRUITMENT SERVICES & DONOR ENG 1313491 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 CONSTRUCTION SERVICES 1171110 CEDAR SERVICE COMPANY 714 66TH AVE SW CEDAR RAPIDS IA 52404 CONSTRUCTION SERVICES-ROOFING 728321 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT RECRUITMENT & MARKETING SERVICES 682884 17 65750 6402906 2506647 8975303 TUITION & FEES 611600 41427215 41427215 AUXILIARY SERVICE 611710 4906884 4906884 MISCELLANEOUS 611710 1777686 1777686 FEES & ASSESSMENTS 611710 240447 240447 STUDENT FEES 611710 38684 38684 48390916 764984 35065 729919 32017175 30781615 1235560 1235560 1235560 12945 65750 13196 -251 -251 61666 13331 48335 48335 59414847 48390916 35065 2013563 20648831 20648831 811546 730391 81155 15028490 13570458 1017760 440272 659206 604175 36418 18613 1432924 1275044 113418 44462 1151246 998686 116640 35920 51955 51955 150303 150303 111069 111069 105555 105555 4419396 2903614 1486203 29579 909109 692308 216801 857414 583059 208608 65747 1039746 1006450 27420 5876 752607 720551 24159 7897 148331 119345 27496 1490 460902 460902 2730141 2642713 72000 15428 439220 5410 433810 EQUIPMENT RENTAL & MAIN 894259 812636 78040 3583 CURRENT RESTRICTED 874957 859835 15091 31 STUDENT/ATHLETIC/FUNCTI 487294 390599 89032 7663 MEMBERSHIPS & JOURNALS 199913 64948 117813 17152 3160760 65543 3095209 8 57525174 47964205 8675024 885945 2500 2500 7711959 9500253 1399130 897237 3681534 1223443 1061888 1720805 91280612 42240478 49164236 49040134 31900458 27629823 9081425 10823523 418574 319693 3603156 2768887 108024860 103926298 3488937 3116008 1752713 399824 14128204 13473394 190000 148571 514306 373445 20074160 17511242 X 51840039 52565699 36110661 33849357 87950700 86415056 108024860 103926298 X 1889673 -3754740 329423 X 0 1 X 1 1 1 X 6465467 3142215 2733321 9583078 8975303 30899384 6465467 3142215 2733321 9583078 8975303 30899384 1029362 29870022 561245 664516 598433 524347 729919 3078460 7832 7832 33985676 235195696 0.87890 0.83760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36315412 1029403 -1852807 1030000 103014 34358994 27783955 2073210 7592958 1010000 124711 36315412 29774122 418381 -1388548 940000 80000 27783955 29612897 805456 510769 1075000 80000 29774122 27154721 1650815 1717361 606588 303412 29612897 0.10138 0.73497 0.16365 0 0 2087683 2087683 60067264 27950463 32116801 6672784 5661295 1011489 22452881 8628720 13824161 49040134 PRIVATE EQUITY FUND 7544716 F COLLATERALIZED DEBT OBLIGATION 2601691 F REAL ESTATE 648898 F ABSOLUTE RETURN FUND 28218 F 10823523 ANNUITIES PAYABLE 14000 DUE TO US GOVT PROGRAM 359445 373445 X 34897183 -3754740 -79028 -3833768 38730951 20683896 20683896 59414847 36797315 26527 26527 36770788 20754386 20754386 57525174 PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2022 AND 2021, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -105,555. COST OF GOODS SOLD 13,331. FUNDRAISING EXPENSES 13,196. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 20,648,831. PASSTHROUGH K-1 INCOME 35,065. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 13,331. FUNDRAISING EXPENSES SHOWN UNDER REVENUE 13,196. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 20,648,831. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 105,555. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVEN THOUGH THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER IN ACCORDANCE WITH PARAGRAPH 4.03(2)(A) OF REV. PROC. 75-50, THE NONDICSCRIMINATORY POLICY IS ACCESSIBLE ON THE UNIVERSITY WEBSITE. IN ADDITION, THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY, THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE ARCHDIOCESE OF DUBUQUE. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 9560841 0 0 0 0 0 0 9560841 0 9560841 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 DATA ANALYSIS, CAMPAIGN DELIVERY, DEVELOPMENT AND DEPLOYMENT 0 80000 53878 26122 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 RESEARCH, MAIL, EMAIL 0 40464 57191 -16726 120464 111069 9396 AL GA KS ME NJ NM PA RI TN WI WV AR CA CT DC HI IL KY MN MO MS NC VA AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA GOLF OUTING 78695 65750 12945 8397 444 4356 78695 65750 12945 8397 444 4356 13197 -252 1 ENDOWED SCHOLARSHIPS 73 253280 ATHLETIC SCHOLARSHIPS 537 2615055 MERIT SCHOLARSHIPS 1325 12535315 OTHER SCHOLARSHIPS 2065 5245181 PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED COMPLETED CUMULATIVE GPA YEAR 1 24 2.00 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 TIMOTHY LAURENT PROVOST & VP FOR ACADEMIC AFFAIRS 211774 0 0 0 0 0 13146 0 28352 0 253272 0 0 0 ANNE GILLESPIE VP FOR BUSINESS & FINANCE 175118 0 0 0 0 0 10671 0 11193 0 196982 0 0 0 BRENDA HAEFNER VP FOR DEVEL & ALUMNI RELATIONS 159249 0 0 0 0 0 9889 0 24101 0 193239 0 0 0 TOM CASTLE ASSISTANT VICE PRESIDENT 136126 0 0 0 0 0 8690 0 24833 0 169649 0 0 0 LAURIE HAMEN PAST PRESIDENT 143778 0 0 0 0 0 17490 0 0 0 161268 0 0 0 TODD OLSON PRESIDENT 138590 0 0 0 0 0 7754 0 14363 0 160707 0 0 0 PART I, LINE 1A DURING THE 2021-2022 FISCAL YEAR, THE MOUNT MERCY UNIVERSITY PRESIDENT RESIDED IN A UNIVERSITY OWNED HOUSE AT NO COST AND WAS PROVIDED A UNIVERSITY OWNED CAR TO BE USED FOR PERSONAL AND BUSINESS RELATED TRAVEL. MILES DRIVEN ARE ALLOCATED BASED ON PERSONAL AND BUSINESS RELATED USE. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. ANY PERSONAL USE BY THE INDIVIDUAL IS REIMBURSED TO THE UNIVERSITY. A IOWA FINANCE AUTHORITY 521699886 2016-09-28 10000000 FINANCE ATHLETIC COMPLEX 0 0 0 B CITY OF ROBINS IA 420887558 2018-12-26 8341000 FINANCE BUILDING & EQUIPMENT 0 0 0 A 3777550 10000000 92000 9908000 2016 0 0 1 1 B 859136 8341000 41100 8299900 2018 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 B 0 0 1 0 0 0 US BANK 7.000000000000 0 0 0 0 0 A 1 B 1 MODERN COMPANIES SEE SCH L, PART V 108279 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: MODERN COMPANIES(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: KEN BROWN, TRUSTEE IS >35% OWNER AND CEO OF MODERN COMPANIES, INC.(D) DESCRIPTION OF TRANSACTION: THE ORGANIZATION PAID MODERN COMPANIES FOR DERECHO RECOVERY REPAIRS & BOILER REPAIRS. FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS IS 250 VOLUNTEERS CONSIST OF BOARD MEMBERS, VOLUNTEERS FOR PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE & EXECUTIVE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT, PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR BUSINESS AND FINANCE, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, VICE PRESIDENT FOR ENROLLMENT AND MARKETING, VICE PRESIDENT FOR STUDENT SUCCESS, AND VICE PRESIDENT FOR MISSION AND MINISTRY. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -302,063. CHANGE IN VALUE INTEREST RATE SWAPS 666,551. K-1 PASSTHROUGH INCOME -35,065.