2023-03-20T10:32:45-05:00 2022-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2021-07-01 480777079 BENEDICTINE COLLEGE % STAN SLUDER BENE 9133675340 1020 N 2ND ST ATCHISON KS 66002 STAN SLUDER CBO 9133675340 2023-05-15 true RONALD OLINGER XXX-XX-XXXX April Arnold CPA P01559426 8162216300 2023-05-15 3 2021 2023-04-26 12:10:37Z STEPHEN D MINNIS 1020 N 2ND ST ATCHISON KS 66002 132466034 false 0928 X WWW.BENEDICTINE.EDU X 1971 KS BENEDICTINE COLLEGE'S MISSION AS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE IS THE EDUCATION OF MEN & WOMEN WITHIN A COMMUNITY OF FAITH & SCHOLARSHIP. 29 25 1230 29 180780 67465 13776062 40560937 79577204 86460993 2008702 3264727 1078059 1316923 96440027 131603580 34517690 37903484 0 0 27307174 27865524 207017 264773 2596619 26496561 34219215 88528442 100252996 7911585 31350584 163686664 193360342 58698337 66381409 104988327 126978933 X SEE SCHEDULE O false false 86624324 37903484 87739868 SEE SCHEDULE O 86624324 true true false true false false false true false true true false false false true false true false true true true true true true true false false true true true true false false false false false false true false true false true false false false false true false false false true 2789 0 true 1230 true true true false false false false true true false false false true false false false X 29 25 true false false false false true true true true false false true true true true true true true false true true AK CO KY MD MA MI NH OR SC WA X STAN SLUDER 9133675340 1020 N 2ND STREET ATCHISON KS 66002 X STEPHEN D MINNIS PRESIDENT 40.0 1.0 X 347901 0 148115 RONALD J OLINGER TREASURER AND CFO 40.0 0.0 X 180566 0 32240 KELLY VOWELS VP OF ADVANCEMENT 40.0 0.0 X 170856 0 21053 TOM HOOPES VP COLLEGE RELATIONS 40.0 0.0 X 123329 0 64684 KIMBERLY C SHANKMAN VICE PRESIDENT 40.0 0.0 X 151370 0 35156 PETE HELGESEN DEAN OF ENROLLMENT MANAGEMENT 40.0 0.0 X 141974 0 6334 MICHAEL KING ASSOCIATE PROFESSOR/CHAIR 40.0 0.0 X 119246 0 26058 LINDA HENRY VP OF STUDENT LIFE 40.0 0.0 X 124347 0 13234 JACQULENE HARRIS DIRECTOR OF NURSING 40.0 0.0 X 123015 0 6113 KRISTIE R SCHOLZ ASST TREASURER 40.0 0.0 X 92604 0 21336 ABBOT JAMES ALBERS OSB DIRECTOR/SECRETARY 1.0 0.0 X X 0 0 0 LARRY BUESSING DIRECTOR 1.0 0.0 X 0 0 0 JACK A NEWMAN JR DIRECTOR/BOARD CHAIRMAN 1.0 0.0 X X 0 0 0 LENE WESTERMAN DIRECTOR 1.0 0.0 X 0 0 0 KATHRYN WEISHAR DALZELL DIRECTOR 1.0 0.0 X 0 0 0 DANIEL FANGMAN DIRECTOR 1.0 0.0 X 0 0 0 DAVYEON ROSS DIRECTOR 1.0 0.0 X 0 0 0 MIKE BOLAND DIRECTOR 1.0 0.0 X 0 0 0 ALIETIA CAUGHRON DIRECTOR 1.0 0.0 X 0 0 0 MIKE KUCKELMAN DIRECTOR 1.0 0.0 X 0 0 0 SEAN DOHERTY DIRECTOR 1.0 0.0 X 0 0 0 S ESTHER FANGMAN OSB DIRECTOR 1.0 0.0 X 0 0 0 HELEN HEALY DIRECTOR 1.0 0.0 X 0 0 0 KEVIN O'MALLEY DIRECTOR 1.0 0.0 X 0 0 0 MIKE GANGEL DIRECTOR 1.0 0.0 X 0 0 0 JOHN HARPOLE DIRECTOR 1.0 0.0 X 0 0 0 FR JAY KYTHE DIRECTOR 1.0 0.0 X 0 0 0 THERESA MURPHY DIRECTOR 1.0 0.0 X 0 0 0 S JEANNINE NEAVITT DIRECTOR 1.0 0.0 X 0 0 0 PATRICK J STUEVE DIRECTOR 1.0 0.0 X 0 0 0 MONTSE ALVARADO DIRECTOR 1.0 0.0 X 0 0 0 SCOTT KINCAID DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW MCCLOREY DIRECTOR 1.0 0.0 X 0 0 0 DANIELLE BROWN DIRECTOR 1.0 0.0 X 0 0 0 PATRICK CARR DIRECTOR 1.0 0.0 X 0 0 0 BRIDGET DICKASON DIRECTOR 1.0 0.0 X 0 0 0 FR MATTHEW HABIGER OSB DIRECTOR 1.0 0.0 X 0 0 0 DONALD RAY NEAL JR DIRECTOR 1.0 0.0 X 0 0 0 DIANNE RYAN DIRECTOR 1.0 0.0 X 0 0 0 KEN WILLIAM DIRECTOR 1.0 0.0 X 0 0 0 FR MAURICE HAEFLING OSB ASST TREASURER 1.0 0.0 X 0 0 0 1575208 0 374323 11 false true false ARAMARK SERVICES 1101 MARKET ST PHILIDELPHIA PA 66002 FOOD SERVICE 4867680 HUNDLEY CONSTRUCTION INC 1900 MAIN ST ATCHISON KS 66002 CONSTRUCTION 981275 EAB PO BOX 603519 CHARLOTTE NC 282603519 FUNDRAISING/SOFTWARE 888703 CITY WIDE MAINTENANCE COMPANY INC 15230 W 105TH TERR LENEXA KS 66219 HOUSEKEEPING 638770 LAWHON CONSTRUCTION 519 MAIN STREET ST JOSEPH MO 64501 CONSTRUCTION 542171 34 1340114 3484071 35736752 694038 40560937 Tuition and Fees 611600 68268520 68268520 Room and Board 611600 17172687 17172687 Student Activities 611710 762677 762677 Athletic Income 611710 257109 257109 86460993 933006 933006 0 0 3840 0 3840 0 3840 3840 2503481 115000 286760 2503481 -171760 2331721 2331721 123330 1340114 269902 -146572 -146572 0 0 0 507887 305792 202095 202095 INCOME FROM INVESTMENTS 900099 29595 29595 CATERING SERVICES UBI 722320 106849 106849 CONFERENCE UBI 561439 44336 44336 1076780 1076780 1257560 131603580 87739868 180780 3121995 65649 65649 37104375 37104375 733460 733460 0 932442 184542 747900 205573 205573 19446363 16664004 1918498 863861 584234 501763 53682 28789 5381141 2468504 2798623 114014 1315771 1123849 131248 60674 0 142044 142044 87757 87757 17500 17500 264773 264773 171827 171827 7166038 6597876 492034 76128 72920 6774 66146 1756312 1374668 307976 73668 1024042 229491 794506 45 0 1861978 1472290 309422 80266 1279761 1099260 87965 92536 0 73904 54545 956 18403 1568908 1568908 0 7250531 6359358 870328 20845 653263 509518 113812 29933 ACADEMIC SUPPORT 551853 551853 AUXILIARY EXPENSES 2137572 2137572 INSTRUCTION & DEPT RESEARCH 1048422 1048422 STUDENT SERVICES 3583238 3583238 3771345 1184405 1919829 667111 100252996 86624324 11032053 2596619 225524 1211325 20571543 28688301 2308092 15752866 1019663 713753 0 0 0 0 0 0 369868 342147 715618 799910 183638647 98862892 82877661 84775755 50220936 53518633 0 2869995 1763037 1077035 0 0 3614722 3610622 163686664 193360342 3994681 4577862 0 0 1032249 980633 50274110 58723884 0 0 0 0 0 0 0 0 3397297 2099030 58698337 66381409 X 55882267 61155194 49106060 65823739 104988327 126978933 163686664 193360342 X 31350584 -9301776 -58202 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 17500 false false 17500 false Schedule C, Part II-B, Line 1g In its capacity as consultant for Benedictine College, Keller Partners plans and implements strategies with the goal of securing funding from congressionally directed spending sources; leads the outreach to congressional members, proposal application writing and preparation; arranges meetings with Members of Congress and/or congressional staff, and federal agencies to advance the funding drawdown; strategically markets Benedictine's needs to the federal level; and serves as liaison to congressional and federal agency funders. 1883511 X true 48675190 7848284 -5780178 629564 592802 49520930 38987593 1894512 8929649 553326 583238 48675190 31900680 6247783 1555824 457900 258794 38987593 29915676 1632300 1615714 592645 670365 31900680 28005029 841257 1589741 541757 -31262 9856 29915676 0.12190 0.67100 0.20710 false false 1164395 1164395 162768435 81412990 81355445 19705817 17449902 2255915 84775755 0 STUDENT AND OTHER DEPOSITS 343378 REFUNDABLE GOVT LOAN PROGRAMS 931668 ASSET RETIREMENT OBLIGATION 18261 ANNUITY & TRUST OBLIGATIONS 301606 RIGHT OF USE LIABILITIES 480107 assets held for others 24010 2099030 85544789 -9301776 1694 547088 -8752994 94297783 171827 37133970 37305797 131603580 63554183 1694 575695 577389 62976794 171827 37104375 37276202 100252996 SCHEDULE D, PART III, LINE 4 FREDERICK HART'S WASHINGTON NATIONAL CATHEDRAL COLLECTION IS AN IMPRESSIVE ASSEMBLAGE OF SCULPTURES THAT INCLUDES THE BAS-RELIEF EX NIHILO AND THE LIFE-SIZE CASTINGS OF THE BIBLICAL FIGURES ADAM, ST. PETER AND ST. PAUL. IN ADDITION TO THESE SCULPTURES FROM THE NATIONAL CATHEDRAL IN WASHINGTON, DC, THE ARTIST IS BEST KNOWN FOR HIS BRONZE SCULPTURES OF THREE SOLDIERS FOR THE NATIONAL VIETNAM WAR MEMORIAL. BENEDICTINE COLLEGE IS THE ONLY COLLEGE TO HAVE THESE FIRST CASTINGS AVAILABLE FOR VIEWING ON A DAILY BASIS. EX NIHILO IS ON EXHIBIT INSIDE THE FERRELL ACADEMIC CENTER AND THE STATUES OF ADAM, ST. PETER AND ST. PAUL ARE LOCATED IN THE HEART OF CAMPUS ALONG THE RAVEN WALK. AN 8-FOOT BRONZE STATUE OF THE SACRED HEART OF JESUS APPEARS IN THE RAVEN MEMORIAL PARK. THE STATUE IS BY NOTED SCULPTOR E. SPENCER SCHUBERT, WHOSE WORK ALSO APPEARS IN THE ROYALS BASEBALL HALL OF FAME, KANSAS STATE UNIVERSITY, AND IN THE CAPITAL BUILDING FOR THE STATE OF MISSOURI. SCHUBERT MODELED THE FACE OF THE SACRED HEART OF JESUS STATUE AFTER THE IMAGE ON THE SHROUD OF TURIN, FOURTEEN FOLDS IN JESUS' ROBE REPRESENT THE STATIONS OF THE CROSS; THREE FOLDS IN THE CENTER REPRESENT THE TRINITY. THE PRESENCE OF THESE PIECES EXPOSES OUR STUDENTS AND OUR CAMPUS VISITORS TO SOME TRULY MAGNIFICENT ARTWORK AND IS ANOTHER ILLUSTRATION OF OUR COMMITMENT TO A BROAD LIBERAL ARTS EDUCATION. OTHER WORKS ON CAMPUS INCLUDE A COLLECTION OF BRONZE WORKS BY SCULPTOR BILL HOPEN IN ST. SCHOLASTICA PLAZA. THIS INLCUDES THE BRONZE STATUE OF ST. SCHOLASTICA, THE BRONZE STATUE OF NOBEL PRIZE WINNER WANGARI MAATHAI, THE BRONZE GATHERING OF A BENEDICTINE SISTER WITH TWO STUDENTS, AND THE BAS-RELIEF DEPICTING THE ARRIVAL OF THE SISTERS IN ATCHISON IN 1863 THAT IS ON THE FRONT OF ELIZABETH HALL. A SEPARATE BRONZE STATUE OF ST. BENEDICT IS INSTALLED OUTSIDE THE HAVERTY CENTER AND IS BY SCULPTOR TIM MISPAGEL. MISPAGEL RECENTLY COMPLETED A BRONZE SCULPTURE OF A SOARING RAVEN THAT STANDS IN THE ENTRYWAY TO WESTERMAN HALL OF SCIENCE AND ENGINEERING AND REPRESENTS THE QUOTE FROM ST. JOHN II THAT FAITH AND REASON ARE THE TWO WINGS ON WHICH THE HUMAN SPIRIT SOARS. SCHEDULE D, PART V, LINE 4 THE PRIMARY PURPOSE OF THE ENDOWMENT IS TO FUND SCHOLARSHIPS. THE ENDOWMENT FUNDS ARE ALSO USED TO FUND BUSINESS PROGRAMS AND GENERAL OPERATIONS OF THE COLLEGE. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THE COLLEGE'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D CHANGE IN CSV OF LIFE INSURANCE $ (28,607) BOOKSTORE COGS $ 305,792 FUNDRAISING EXPENSES $ 269,903 --------------- $ 547,088 SCHEDULE D, PART XI, Line 4B SCHOLARSHIPS $ 37,104,375 Income from investments $ 29,595 -------------- $ 37,133,970 SCHEDULE D, PART XII, LINE 2D BOOKSTORE COGS $ 305,792 FUNDRAISING EXPENSES $ 269,903 ------------- $ 575,695 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 37,104,375 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 OUR RACIAL NONDISCRIMINATORY POLICY IS MADE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY SERVED IN OUR COURSE CATALOG. SCHEDULE E, PART I, LINE 6A BENEDICTINE RECEIVES TITLE IV FUNDS FROM THE DEPARTMENT OF EDUCATION AS WELL AS A RESEARCH GRANT FROM THE NATIONAL SCIENCE FOUNDATION. THIS PAST YEAR BENEDICTINE RECIEVED COVID-19 RELIEF FUNDS FROM THE US DEPARTMENT OF EDUCATION. true EUROPE (INCLUDING ICELAND AND GREENLAND) GRANTMAKING 695921 East Asia and the Pacific GRANTMAKING 1670 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES EDUCATIONAL 154972 EAST ASIA AND THE PACIFIC PROGRAM SERVICES EDUCATION/MISSION TRIP 657 CENTRAL AMERICA AND THE CARIBBEAN GRANTMAKING 8700 SOUTH AMERICA GRANTMAKING 27170 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES EDUCATION/MISSION TRIP 14859 NORTH AMERICA PROGRAM SERVICES EDUCATION/MISSION TRIP 16350 SOUTH AMERICA PROGRAM SERVICES EDUCATION/MISSION TRIP 19361 SOUTH ASIA PROGRAM SERVICES EDUCATION/MISSION TRIP 2259 SUB-SAHARAN AFRICA PROGRAM SERVICES EDUCATION/MISSION TRIP 3077 944996 944996 EUROPE (INCLUDING ICELAND AND GREENLAND) STUDY ABROAD 690034 EFT South America MISSION TRIP 27170 EFT 11 MISSION TRIP Central America and the Caribbean 1 8600 EFT false false false false false false SCHEDULE F, PART I, LINE 2 THE GRANTS GIVEN TO FOREIGN ORGANIZATIONS ARE IN SUPPORT OF PROJECTS STUDENTS ARE WORKING ON DURING MISSION TRIPS. GRANTS GIVEN TO FOREIGN INDIVIDUALS ARE IN SUPPORT OF A LOCAL PROJECT OR USED TO PROVIDE OUR STUDENTS WITH HOUSING, MEALS, AND TRANSPORTATION. THESE MISSION TRIPS FURTHER THE STUDENT'S EDUCATION. THE GRANTS ARE MONITORED BY THE STUDENTS THAT ARE WORKING ON THE PROJECT OR THE LOCAL CONTACT WITH THE FOREIGN ORGANIZATION. SCHEDULE F, PART I, LINE 3, COLUMN (F) THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. X X X X X X X true WILSON AND BENNET FUNDRAISING false 212606 172897 39709 EAB FUNDRAISING false 210688 91876 118812 423294 264773 158521 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY ME MD MA MI MS MO MT NE NH NJ ND OK OR RI SC SD TN TX UT VT VA WA WV WI WY SCHOLARSHIP BAL 1370528 1285250 85278 10000 116316 5450 107148 GOLF TOURNAMENT 35665 19867 15798 6163 587 3855 2 57251 34997 22254 6820 2623 10940 1463444 1340114 123330 22983 119526 5450 121943 269902 -146572 Schedule G, Part I, line 2a WILSON-BENNETT TECHNOLOGY, INC. IS USED FOR THE COLLEGE'S PHONE-A-THON FUNDRAISER. EAB GLOBAL INC. IS USED FOR DIRECT MAIL AND ELECTRONIC SOLICITATION OF OUR ANNUAL FUND GIVING. true SEYMOUR INSTITUTE 114 MELVILLE AVE BOSTON MA 02124 471665900 501(C)(3) 15930 GENERAL SUPPORT NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES PO BOX 422000 WASHINGTON DC 20042 521125164 501(C)(3) 6402 GENERAL SUPPORT PRAYING PELICAN MISSIONS 8011 34 AVE MINNEAPOLIS MN 55425 300222202 501(C)(3) 5004 GENERAL SUPPORT 3 SCHOLARSHIPS/GRANTS 2157 39098359 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS AND GRANTS ARE INSTITUTIONAL FINANCIAL AID AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. WE ALSO PERFORM SPOT CHECKS THROUGHOUT THE SEMESTER TO DOUBLE CHECK THAT AID ELIGIBILITY CALCULATIONS ARE MET. X X X true true X X X X X X false true false false false false false false false STEPHEN D MINNIS PRESIDENT 327680 0 0 0 20221 0 124500 0 23615 0 496016 0 0 0 KIMBERLY C SHANKMAN VICE PRESIDENT 135849 0 15302 0 219 0 7298 0 27858 0 186526 0 0 0 RONALD J OLINGER TREASURER AND CFO 163320 0 15302 0 1944 0 8625 0 23615 0 212806 0 0 0 TOM HOOPES VP COLLEGE RELATIONS 107902 0 15302 0 125 0 5596 0 59088 0 188013 0 0 0 KELLY VOWELS VP OF ADVANCEMENT 155429 0 15302 0 125 0 0 0 21053 0 191909 0 0 0 SCHEDULE J, PART I, LINE 1A BENEDICTINE COLLEGE PROVIDES HOUSING TO STEPHEN D. MINNIS. THE FMV OF THE HOUSING IS NOT INCLUDED IN HIS W-2 BECAUSE IT QUALIFIES AS A NON TAXABLE BENEFIT UNDER CODE SECTION 119. PRESIDENT MINNIS ALSO RECEIVES SOCIAL CLUB DUES THAT ARE TAXABLE AND INCLUDED IN HIS W-2. IN THE CURRENT YEAR 2021 BENEDICTINE EMPLOYEES RECEIVED A BONUS THAT WAS GROSSED-UP TO COVER ANY TAXES ASSOCIATED WITH THE BONUS. SCHEDULE J PART 1, LINE 4B Stephen D. Minnis $ 110,000 BENEDICTINE MAKES CONTRIBUTIONS INTO A 457(f) PLAN FOR PRESIDENT MINNIS. VESTING BEGINS IN OCTOBER 2023. A ATCHISON COUNTY KANSAS 486025049 046597Cj7 2016-07-07 8380000 SEE NOTE IN PART VI. false false false B ATCHISON COUNTY KANSAS 486025049 046617CH7 2018-02-22 6358361 SEE NOTE IN PART VI. false false false C ATCHISON COUNTY KANSAS 486025049 000000000 2018-07-05 7625000 SEE NOTE IN PART VI. false false false D ATCHISON COUNTY KANSAS 486025049 000000000 2020-03-03 3929000 SEE NOTE IN PART VI. false false false A 2475000 0 8380000 350120 0 0 83800 0 0 0 8296200 0 2009 true false true true B 2775000 0 6358361 450667 0 0 57195 0 0 0 6301166 0 2013 true false true true C 3160000 0 7625000 400029 0 0 150590 0 0 0 7474410 0 2014 true false true true D 756000 0 3929000 0 0 0 0 0 0 0 3929000 0 2006 true false true true A false true true true false 0.00000 0.00120 0.00120 false false false true B false true true true false 0.00000 0.00000 0.00000 false false false true C false true true true false 0.00000 0.00120 0.00120 false false false true D false true true true false 0.00000 0.00000 0.00000 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true PART I, LINE A, Column (F) - TAX EXEMPT BONDS #1 Refund 2007 and 2008 Bonds. The 2007 Bonds were originally issued on 12/27/2007 and the 2008 bonds were originally issued on 01/23/2008. PART I, LINE B, Column (F) - TAX EXEMPT BONDS #1 Refund 2010 Bonds. The 2010 Bonds were originally issued on 05/18/2010. PART I, LINE C, Column (F) - TAX EXEMPT BONDS #1 Refund 2011 Bonds. The 2011 Bonds were originally issued on 11/16/2011. PART I, LINE D, Column (F) - TAX EXEMPT BONDS #1 Refund 2013 Bonds. The 2013 Bonds were originally issued on 3/27/2013. PART II, COLUMN A, LINE 11 - TAX EXEMPT BONDS #1 Amount of bond proceeds used to refund the 2007 and 2008 Bonds. PART II, COLUMN B, LINE 11 - TAX EXEMPT BONDS #1 Amount of bond proceeds used to refund the 2010 Bonds. PART II, COLUMN C, LINE 11 - TAX EXEMPT BONDS #1 Amount of bond proceeds used to refund the 2011 Bonds. PART II, COLUMN D, LINE 11 - TAX EXEMPT BONDS #1 Amount of bond proceeds used to refund the 2013 Bonds. Part III, Column A, Line 5 - TAX EXEMPT BONDS #1 Potential private business use that may result from unrelated trade or business activity. PART III, COLUMN B, LINES 1-8 - TAX EXEMPT BONDS #1 The Institution has reported on projects financed after January 1, 2003. PART III, COLUMN C, LINE 5 - TAX EXEMPT BONDS #1 Potential private business use that may result from unrelated trade or business activity. PART IV, COLUMN A, LINE 2C: TAX EXEMPT BONDS #1 ARBITRAGE REBATE ANALYSIS PREPARED AS OF 10/1/2020. A ATCHINSON COUNTY KANSAS 486025049 000000000 2021-10-01 4703000 SEE NOTE IN PART VI. false false false B ATCHINSON COUNTY KANSAS 486025049 046617cm6 2021-09-23 7200000 SEE NOTE IN PART VI. false false false C ATCHINSON COUNTY KANSAS 486025049 046617cp9 2022-03-23 3115000 SEE NOTE IN PART VI. false false false A 0 0 4703000 0 0 0 0 0 0 0 4703000 0 2014 false true true true B 0 0 7203639 0 0 0 144000 0 0 3518098 0 3541541 false false false true C 0 0 3117210 0 0 0 61823 0 0 328770 0 2726617 false false false true A false true true true false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true PART I, LINE A, COLUMN (F) - TAX EXEMPT BONDS #2 REFUND 2013B BONDS. THE 2013B BONDS WERE ORIGINALLY ISSUED ON 09/30/2013. PART I, LINE B, COLUMN (F) - TAX EXEMPT BONDS #2 Constructing, furnishing and renovating educational facilities. PART I, LINE C, COLUMN (F) - TAX EXEMPT BONDS #2 Constructing, furnishing and renovating educational facilities. PART II, COLUMN A, LINE 11 - TAX EXEMPT BONDS #2 Amount of bond proceeds used to refund the 2013B Bonds. PART II, COLUMN B, LINE 3 - TAX EXEMPT BONDS #2 Amount is not equal to the issue price due to investment earnings earned during the project period. PART II, COLUMN B, LINE 12 - TAX EXEMPT BONDS #2 Amount remaining in the project fund as of the fiscal year end. PART II, COLUMN B, LINE 13 AND LINE 16 - TAX EXEMPT BONDS #2 The project was not completed as of the fiscal year end. PART II, COLUMN C, LINE 3 - TAX EXEMPT BONDS #2 Amount is not equal to the issue price due to investment earnings earned during the project period. PART II, COLUMN C, LINE 12 - TAX EXEMPT BONDS #2 Amount remaining in the project fund as of the fiscal year end. PART II, COLUMN C, LINE 13 AND LINE 16 - TAX EXEMPT BONDS #2 The project was not completed as of the fiscal year end. PART III, COLUMN B, LINES 1-8 - TAX EXEMPT BONDS #2 The project was not completed as of the fiscal year end. PART III, COLUMN C, LINES 1-8 - TAX EXEMPT BONDS #2 The project was not completed as of the fiscal year end. na n/a 66000 SCHOLARSHIPs SCHOLARSHIPS SEE PART V PART IV, LINE 1 (A) KELLY VOWELS (B) MIKE BOLAND, DIRECTOR, AND KELLY VOWELS HAVE A FAMILY RELATIONSHIP. (C) $ 205,573 (D) KELLY VOWELS IS AN EMPLOYEE OF THE ORGANIZATION. (E) NO X 1 1 FMV X 27 692193 FMV X ART PORTFOLIOS 1 150 FMV false true true SCHEDULE M, PART I, COLUMN B THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS DURING THE YEAR. SCHEDULE M, PART I, LINE 32B WILLSON & BENNET ARE USED TO FUNDRAISE FOR THE ANNUAL FUND AND KELLER PARTNERS ARE USED TO SOLICIT GOVERNMENT GRANT FUNDS. FORM 990, PART III, LINE 1 BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE. OUR MISSION IS TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. BUILDING A GREAT CATHOLIC COLLEGE REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL AND SPIRITUAL GREATNESS. FORM 990, PART III, LINE 4A BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE WITH A MISSION TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. WE HAVE A VISION TO BUILD ONE OF THE GREAT CATHOLIC COLLEGES IN AMERICA, AND ATTAINING THAT VISION REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL AND SPIRITUAL GREATNESS. BENEDICTINE COLLEGE IS LOCATED IN ATCHISON, KANSAS, ON A 120-ACRE CAMPUS OVERLOOKING THE MISSOURI RIVER, ABOUT 50 MILES NORTH OF KANSAS CITY, MISSOURI. THE COLLEGE ALSO MAINTAINS A CAMPUS IN FLORENCE, ITALY. BENEDICTINE COLLEGE HAS ENJOYED ENROLLMENT GROWTH FOR THE PAST TWO DECADES AND IN THE FALL OF 2022 HAD A FULL-TIME UNDERGRADUATE STUDENT BODY OF 2,134 STUDENTS, MORE THAN DOUBLING BENEDICTINE COLLEGE'S ENROLLMENT FROM 20 YEARS AGO. FOR SEVERAL YEARS NOW, AVERAGE GPA HAS BEEN THE HIGHEST OF ANY FRESHMAN CLASS AT ANY COLLEGE OR UNIVERSITY IN KANSAS. IT IS OBVIOUS THAT BENEDICTINE COLLEGE IS ATTRACTING BOTH MORE STUDENTS AS WELL AS THE BEST AND THE BRIGHTEST. OVER 80% OF UNDERGRADUATE STUDENTS LIVE ON CAMPUS IN ACCORDANCE WITH THE COLLEGE'S STRONG RESIDENTIAL TRADITION. TO KEEP UP WITH ITS GROWTH, BENEDICTINE COLLEGE HAS OPENED 11 NEW RESIDENCE HALLS SINCE THE YEAR 2000. THE COLLEGE RECENTLY OPENED THE MURPHY RECREATION CENTER, A HEALTH AND FITNESS FACILITY WITH EXERCISE MACHINES, ROOMS FOR FITNESS AND SPINNING CLASSES, TWO BASKETBALL COURTS, AND AN INDOOR TURFED FIELD. THE RENOVATION AND EXPANSION OF WESTERMAN HALL OF SCIENCE AND ENGINEERING IS COMPLETE, ADDING 40,000 SQUARE FEET OF LABORATORY AND TEACHING SPACE TO THE EXISTING 60,000 SQUARE FEET. THE LARGEST CAPITAL PROJECT IN THE HISTORY OF THE COLLEGE, THE WESTERMAN UPGRADE PROVIDES ONE OF THE BEST S.T.E.M. FACILITIES OF ANY SMALL COLLEGE IN AMERICA. NATIONAL SURVEYS PLACE BENEDICTINE'S STUDENT LIFE PROGRAM HIGHEST IN OVERALL RESIDENT SATISFACTION AND BENEDICTINE COLLEGE'S RETENTION RATE IS CONSISTENTLY ABOVE 90%. CURRENTLY, TWO MORE SETS OF ROW HOUSES AND A NEW RESIDENCE HALL ARE UNDER CONSTRUCTION TO KEEP UP WITH THE GROWTH. THE COLLEGE ALSO RECENTLY SIGNED A COLLABORATIVE AFFILIATION AGREEMENT WITH CATHOLIC HEALTHCARE INTERNATIONAL, BEGINNING THE PROCESS OF ESTABLISHING A NEW MEDICAL SCHOOL ON THE BENEDICTINE COLLEGE CAMPUS, THE PROPOSED ST. PADRE PIO INSTITUTE FOR THE RELIEF OF SUFFERING, SCHOOL OF OSTEOPATHIC MEDICINE. OUR ATHLETES HAVE EXCELLED ON THE FIELD AS WELL AS OFF, WITH BOTH STUDENTS AND TEAMS RECEIVING HEART OF AMERICA ATHLETIC CONFERENCE SCHOLAR ATHLETE RECOGNITION AND BENEDICTINE COLLEGE BEING NAMED CHAMPIONS OF CHARACTER FIVE STAR INSTITUTE BY THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS. THIS YEAR, THE WOMEN'S LACROSSE TEAM WON THE NATIONAL CHAMPIONSHIP AND THE FOOTBALL TEAM WON THE HEART OF AMERICA ATHLETIC CONFERENCE TITLE AND MADE IT TO THE FINAL EIGHT IN THE NATIONAL FOOTBALL PLAYOFFS. IN THE AREA OF ACADEMIC EXCELLENCE, BENEDICTINE IS NOW ONE OF THE FEW CATHOLIC COLLEGES IN THE NATION OFFERING ABET-ACCREDITED PROGRAMS IN CHEMICAL, CIVIL, ELECTRICAL, AND MECHANICAL ENGINEERING. OF MORE THAN 250 CATHOLIC COLLEGES IN AMERICA, BENEDICTINE IS ONE OF ONLY FOUR TO OFFER AN ARCHITECTURE PROGRAM. ON TOP OF THAT, BENEDICTINE COLLEGE IS THE ONLY INSTITUTION IN THE NAIA TO OFFER BOTH ARCHITECTURE AND ENGINEERING. SEVERAL OTHER NEW MAJORS HAVE BEEN ADDED IN RECENT YEARS, INCLUDING ART, GRAPHIC DESIGN, CRIMINOLOGY, ENGINEERING PHYSICS, FINANCE, INTERNATIONAL BUSINESS, INTERNATIONAL STUDIES, EVANGELIZATION AND CATECHESIS, AND NURSING. THE NURSING STUDENTS REGULARLY HAVE A 100% PASS RATE ON THEIR CERTIFICATION EXAM AND ALL HOLD JOBS IN THE MEDICAL FIELD. THIS YEAR, BENEDICTINE COLLEGE APPEARED IN THE TOP 20 COLLEGES IN THE MIDWEST IN THE ANNUAL U.S. NEWS AND WORLD REPORT RANKINGS OF AMERICA'S BEST COLLEGES. IN ADDITION, THE CARDINAL NEWMAN SOCIETY NAMED BENEDICTINE COLLEGE ONE OF THE TOP CATHOLIC COLLEGES IN THE UNITED STATES IN ITS PUBLICATION, THE NEWMAN GUIDE TO CHOOSING A CATHOLIC COLLEGE, AND THE WALL STREET JOURNAL NAMED BENEDICTINE THE BEST PRIVATE COLLEGE IN KANSAS. AFTER AN EXTENSIVE NATIONAL STUDY IN 2008, FIRST THINGS MAGAZINE NAMED BENEDICTINE COLLEGE TO ITS TOP 20. THE SCHOOL IS RANKED NUMBER 18 IN THE NATION BY THEIR RESEARCH, WHICH INCLUDED MORE THAN 2,000 COLLEGES AND UNIVERSITIES, FROM AMERICAN UNIVERSITY TO YALE. THE STUDY ALSO RANKED BENEDICTINE COLLEGE AMONG THE TOP 5 CATHOLIC COLLEGES IN THE COUNTRY. BENEDICTINE COLLEGE HAS LAUNCHED AN HONORS PROGRAM, A GREGORIAN LEADERSHIP PROGRAM, A CONSTITUTIONAL LIBERTY FELLOWS PROGRAM, THE WANGARI MAATHAI S.T.E.M. FELLOWS PROGRAM (NAMED FOR THE 1964 GRADUATE WHO WON THE 2004 NOBEL PEACE PRIZE), AND A FREEDOM FELLOWS PROGRAM WHICH PROVIDES SCHOLARSHIPS AND GUIDANCE TO UNDERSERVED POPULATIONS, MINORITIES AND FIRST-GENERATION STUDENTS. THE ANNUAL SYMPOSIUM FOR TRANSFORMING CULTURE IN AMERICA HAS BECOME A MAINSTAY IN THE CHURCH'S MISSION TO REACH OUT TO CATHOLICS AND NON-CATHOLICS. THE CAMPUS MINISTRY PROGRAM IS NATIONALLY RECOGNIZED AND THE STUDENT LIFE PROGRAM HAS BECOME A MODEL FOR OTHER COLLEGES. EACH YEAR, THE RAVENS RESPECT LIFE STUDENT ORGANIZATION TAKES HUNDREDS OF STUDENTS TO THE ANNUAL MARCH FOR LIFE IN WASHINGTON, D.C., AND THE COLLEGE HAS NOW STARTED A RAVENS FOR LIFE PROGRAM THAT ENGAGES ALUMNI WITH REGIONAL PRO-LIFE MARCHES AND RALLIES. THE COLLEGE IS CONSISTENTLY GAINING IN IMAGE AND AWARENESS. THE CAMPUS HAS BEEN TRANSFORMED, WITH NEW RESIDENCE FACILITIES, A NEW RECREATION CENTER AND A FABULOUS NEW SIGNATURE ACADEMIC BUILDING. THE SACRED HEART OF JESUS STATUE NOW WELCOMES VISITORS IN RAVEN MEMORIAL PARK IN THE CENTER OF CAMPUS. THE 2004 NOBEL PEACE PRIZE WINNER, WANGARI MAATHAI, WAS ALSO REMEMBERED WITH A STATUE IN ST. SCHOLASTICA PLAZA, AND STATUES OF ST. BENEDICT AND ST. SCHOLASTICA REMIND EVERYONE OF THE COLLEGE'S PATRONS. IN ADDITION, A STATUE OF MOTHER TERESA, NOW ST. TERESA OF CALCUTTA, WAS INSTALLED OUTSIDE THE NURSING BUILDING THAT BEARS HER NAME. THE BENEDICTINE MONKS AND SISTERS WHO BRAVED THE AMERICAN FRONTIER OF THE MIDDLE 1800'S WOULD BE PROUD OF THE INSTITUTION THAT STILL REPRESENTS THEIR VISION OF COMMUNITY, FAITH AND SCHOLARSHIP TODAY. FORM 990, PART VI, SECTION A, LINE 2 KELLY VOWELS AND MIKE BOLAND HAVE A FAMILY RELATIONSHIP. DANIEL FANGMAN AND S. ESTHER FANGMAN, OSB HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION WHO ARE CLASS A MEMBERS OF THE BOARD OF DIRECTORS SHALL HAVE THE SOLE AND EXCLUSIVE POWER AND AUTHORITY TO SELECT AND ELECT THE SUCCESSOR TO THE ELECTIVE CLASS A MEMBERS OF THE BOARD OF DIRECTORS IN SUCH FASHION AS THEY DEEM APPROPRIATE AND SHALL PRESENT THE SUCCESSORS FOR SERVICE ON THE BOARD. THE MEMBERS OF THE CORPORATION WHO ARE CLASS B MEMBERS OF THE BOARD OF DIRECTORS SHALL HAVE THE SOLE AND EXCLUSIVE POWER AND AUTHORITY TO SELECT AND ELECT THE SUCCESSORS TO THE ELECTIVE CLASS B MEMBERS OF THE BOARD OF DIRECTORS IN SUCH FASHION AS THEY DEEM APPROPRIATE AND SHALL PRESENT THE SUCCESSORS FOR SERVICE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B SUBJECT TO THE LIMITATIONS AND PROVISIONS OF THE ARTICLES OF INCORPORATION AND OF THE BYLAWS WITH RESPECT TO THE ELECTION OF DIRECTORS, EACH MEMBER SHALL HAVE ONE VOTE ON ALL MATTERS COMING BEFORE THE MEMBERS. ANY ACTION BY THE MEMBERS OF THE CORPORATION, UNLESS SPECIFICALLY SET FORTH IN THE ARTICLES OF INCORPORATION OF THE CORPORATION (THE ARTICLES OF INCORPORATION) OR IN THE BYLAWS, SHALL REQUIRE AN AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE CORPORATION FROM EACH INDIVIDUAL CLASS OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE 990 IS THEN PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD AND THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE OR ELECTION (IN THE CASE OF DIRECTORS) AND ANNUALLY THEREAFTER, THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES SHALL PROVIDE THE APPLICABLE CONFLICT OF INTEREST DISCLOSURES WHICH SHALL BE COMPLETED TO IDENTIFY ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH IT IS BELIEVED A CONFLICT MAY ARISE. IF A CONFLICT ARISES, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE ABSTAINS FROM THE VOTE OF THE CONFLICTED POSITION. AN APPROPRIATE REPORT SHALL BE SUBMITTED TO THE EXECUTIVE BOARD CONCERNING ANY INTEREST DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGAN WITH THE BOARD REQUIRING A 5 YEAR REVIEW OF THE PRESIDENT'S SALARY AND A REVIEW FOR THE SAME PERIOD AT COLLEGES OF LIKE SIZES. A COMPENSATION STUDY WAS DONE BY CBIZ IN 2021. ADDITIONALLY, THE BOARD REQUIRED A COMPREHENSIVE REVIEW OF HIS SALARY TO INCLUDE NON-TANGIBLE BENEFITS. THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGINS WITH AN INITIATIVE LEAD BY THE CHAIRMAN OF THE GOVERNING BOARD. THE CHAIRMAN COMPARES COMPENSATION AND SALARY DATA WITH OTHER ORGANIZATIONS OF A SIMILAR SIZE AND INDUSTRY. THE CHAIRMAN REVIEWS THE DATA AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS IN A CLOSED EXECUTIVE COMMITTEE MEETING WHERE THE COMPENSATION IS THEN VOTED UPON. THE PRESIDENT CONDUCTS AN ANNUAL REVIEW OF OTHER OFFICER AND KEY EMPLOYEE'S COMPENSATION BASED ON COMPARABLE SALARY DATA OF OTHER ORGANIZATIONS OF SIMILAR SIZE AND INDUSTRY. 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 INCREASE IN CSV OF LIFE INSURANCE $ (28,607) INCOME FROM INVESTMENTS $ (29,595) ---------- $ (58,202) KANSAS INDEPENDENT COLLEGE FUND 700 S KANSAS AVENUE NO 622B TOPEKA KS 66603 480636041 SUPPORT KS 501(C)(3) 12A NA false false false true false false false false false false false false false false false false false false false false