2023-11-06T10:22:26-06:00 2023-06-30 480567703 KCOE ISOM LLP 1821 SOUTH AVENUE WEST 5TH FLOOR MISSOULA MT 59801 990 2022-07-01 810231774 CARROLL COLLEGE CARR 4064475432 1601 N BENTON AVE HELENA MT 596250002 LORI PETERSON VICE PRESIDENT FINANCE 4064475432 2023-11-03 1 LORI PETERSON 999009999 0 JILL GALLE P01330243 4067217800 2023-11-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORI PETERSON 1601 N BENTON AVE HELENA MT 596250002 77753469 0 X WWW.CARROLL.EDU X 1909 MT CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY. 22 22 1029 180 21114 0 10447051 7739391 51637571 55143710 2106095 2801258 833331 829661 65024048 66514020 26330504 27291561 0 0 19375751 19907589 0 0 1481860 16354373 17732318 62060628 64931468 2963420 1582552 136506006 140839354 18453433 17332737 118052573 123506617 X CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. AS A LIBERAL ARTS SCHOOL, CARROLL COLLEGE ACKNOWLEDGES THE PRACTICAL ROLE OF PREPARING ITS STUDENTS FOR A CAREER, BUT IT ALSO AFFIRMS THE TRADITIONAL ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. IT IS DEDICATED TO PROVIDING FOR ITS STUDENTS THE MEANS FOR THEIR FULL REALIZATION OF A DUAL GOAL OF VOCATION AND ENLIGHTENMENT. THUS, WHILE PROVIDING SUBSTANTIAL PROFESSIONAL AND PRE-PROFESSIONAL PROGRAMS, THE COLLEGE ENCOURAGES AND EXPECTS ALL STUDENTS TO PARTICIPATE IN A BROAD SPECTRUM OF ACADEMIC DISCIPLINES. 0 0 10857512 44356670 INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE 2802759 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES 38779345 27291561 9533517 STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES 1436736 1299544 OTHER PROGRAMS 1436736 1299544 53876352 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 205 0 1 1029 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X THE ORGANIZATION 4064474300 1601 NORTH BENTON HELENA MT 59625 BISHOP AUSTIN VETTER CHANCELLOR 2.00 X X 0 0 0 THE REV PATRICK BERETTA CHAIR 2.00 X X 0 0 0 THOMAS WHYTE VICE CHAIR 2.00 X X 0 0 0 DR JOYCE STEWART SECRETARY 2.00 X X 0 0 0 MSGR KEVIN O'NEILL TRUSTEE EMERITUS 2.00 X 0 0 0 BOB HEBERLY TRUSTEE 2.00 X 0 0 0 CHRIS GILETTE TRUSTEE 2.00 X 0 0 0 CHRIS SCHELLING TRUSTEE 2.00 X 0 0 0 DR AMY NOVAK TRUSTEE 2.00 X 0 0 0 DR AARON ALME TRUSTEE 2.00 X 0 0 0 DR DAVID LECHNER TRUSTEE 2.00 X 0 0 0 DR RUSS BELL TRUSTEE 2.00 X 0 0 0 FR BART TOLLESON TRUSTEE 2.00 X 0 0 0 FR CRAIG HANLEY TRUSTEE 2.00 X 0 0 0 FRAN ALBRECHT TRUSTEE 2.00 X 0 0 0 JOHN SULLIVAN TRUSTEE 2.00 X 0 0 0 MICHAEL DALTON TRUSTEE 2.00 X 0 0 0 MONICA GOMEZ TRUSTEE 2.00 X 0 0 0 NICOLE DRUMHELLER TRUSTEE 2.00 X 0 0 0 SARAH WALSH TRUSTEE 2.00 X 0 0 0 THERESA RACICOT TRUSTEE 2.00 X 0 0 0 THOMAS DOWNEY TRUSTEE 2.00 X 0 0 0 JOHN CECH PRESIDENT/EX-OFFICIO 40.00 X 229991 0 34594 LORI PETERSON V.P. FINANCE & ADMINISTRATION 40.00 X 151562 0 20950 CHRISTOPHER AIMONE VICE PRESIDENT - INSTITUTIONAL ADVANCEMENT 40.00 X 158103 0 30663 MICHAEL MCMAHON V.P. OF STUDENT ENGAGEMENT 40.00 X 111359 0 19693 CHARLES GROSS DIRECTOR, ATHLETICS 40.00 X 124205 0 25393 JAMES PETROVICH DIRECTOR MASTERS OF SOCIAL 40.00 X 124825 0 13383 JENNIFER GLOWIENKA SR VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 X 119830 0 19037 1019875 0 163713 7 0 1 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2895953 HELENA SAND & GRAVEL 2930 CANYON FERRY RD HELENA MT 59602 CONSTRUCTION 432708 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 SOFTWARE 432026 DURABLE SLATE CO INC 3933 GROVES ROAD COLUMBUS OH 43232 ROOFING 420342 COLLEGIS LLC 1415 W 22ND ST 220 OAK BROOK IL 60523 TECH SERVICES 385333 11 246903 1474926 6017562 419326 7739391 TUITION AND FEES 611600 44356670 44356670 AUXILIARY ENTERPRISES 611600 8404070 8404070 OTHER SOURCES 611600 1299544 1299544 ATHLETICS 611600 1083426 1083426 55143710 1594259 1594259 1347542 594600 752942 752942 21114 731828 10966847 422791 10026072 156567 940775 266224 1206999 1206999 149193 246903 141255 7938 7938 22760 0 22760 22760 366976 320955 46021 46021 66514020 55189731 21114 3563784 27291561 27291561 993423 280292 510441 202690 14362223 11553244 2033505 775474 520970 397732 91011 32227 2814156 1123142 1625530 65484 1216817 934242 209445 73130 105001 105001 3303561 1726050 1537918 39593 1629921 899663 555893 174365 747801 35552 712249 2257589 2023921 174700 58968 3890498 3381787 508711 327062 271631 55431 3651711 2375622 1272260 3829 SUPPLIES 1727893 1539601 181161 7131 OTHER 48969 48969 PERIODICALS 42312 42312 64931468 53876352 9573256 1481860 15147169 13357074 395403 1256914 893048 1346637 183630 224652 696393 555572 122298334 65945933 57292775 56352401 57206587 63061970 3184216 3179152 1506785 1504982 136506006 140839354 2022736 3325694 1548941 2199240 12733509 10617620 2148247 1190183 18453433 17332737 X 57805514 58115460 60247059 65391157 118052573 123506617 136506006 140839354 X 1582552 3711781 159711 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 64975432 694838 6174631 2340545 69504356 71365701 1387947 -5728886 2049330 64975432 54343547 2503628 16431125 1912599 71365701 56561840 283127 -548125 1953295 54343547 55425747 847077 2383936 2094920 56561840 0.19110 0.56850 0.24040 0 0 1294443 1294443 103488132 50515077 52973055 15765114 13786242 1978872 1750645 1644614 106031 56352401 ANNUITIES PAYABLE 964562 OTHER LIABILITIES 58 STUDENT DEPOSITS 73670 REFUNDABLE ADVANCE 151893 1190183 X 45040931 3711781 15920 1111541 4839242 40201689 105001 26207330 26312331 66514020 39691867 15920 1056810 1072730 38619137 105001 26207330 26312331 64931468 PART III, LINE 4: VARIOUS ART PIECES ARE DISPLAYED ON CAMPUS. PART V, LINE 4: THE ENDOWMENT WILL BE USED TO FUND SCHOLARSHIPS AND GENERAL OPERATIONS OF THE COLLEGE AND SUPPORTS EDUCATION. PART X, LINE 2: CARROLL COLLEGE IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXS UNDER INTERNAL REVENUE CODE 501(C)(3). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 320,955. RENTAL EXPENSES NETTED ON RETURN 594,600. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 141,255. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT 54,731. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 26,207,330. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 320,955. RENTAL EXPENSES NETTED ON RETURN 594,600. FUNDRAISING EVENT EXPENSES NETTED ON RETURN 141,255. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS 26,207,330. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CARROLL COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AGE, SEX, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. CARROLL COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, AGE, SEX, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PAYMENTS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: PERKINS LOAN PROGRAM COLLEGE WORK-STUDY PROGRAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM PELL GRANT PROGRAM DIRECT LOAN PROGRAM PANAGORA DIVERSIFIED RISK MULTI-ASSET FUND, LTD 0 0 INVESTMENT 1901593 0 0 0 0 0 0 1901593 0 1901593 0 0 0 1 0 0 PART III ACCOUNTING METHOD: DINNER AND AUCTION 360825 235003 125822 2711 124713 GOLF TOURNAMENT 35271 11900 23371 13831 396096 246903 149193 2711 138544 141255 7938 22760 0 22760 22760 0 0 0 0 0 0 1 VARIOUS FINANCIAL AID PROGRAMS 1695 22406441 ENDOWED SCHOLARSHIPS 303 1831411 CASH GRANTS 260 1969468 FEDERAL SEOG 172 109472 FEDERAL PELL 211 970997 FEDERAL TEACH GRANT 1 3772 PART I, LINE 2: CARROLL COLLEGE AND FEDERAL NEED-BASED GRANTS AND SCHOLARSHIPS ARE AWARDED BASED ON THE RESULTS OF THE FEDERAL FAFSA AND NEEDS ANALYSIS. NEW STUDENT MERIT SCHOLARSHIPS ARE BASED ON HIGH SCHOOL GPA AND TEST SCORES OR TRANSFER GPA FOR TRANSFER STUDENTS. STATE GRANT REPORTING IS COMPLETED EACH YEAR AFTER THE ACADEMIC YEAR IS COMPLETED. FEDERAL FISAP REPORTING IS COMPLETED PRIOR TO OCTOBER OF EACH YEAR FOLLOWING THE COMPLETION OF THE ACADEMIC YEAR. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN CECH PRESIDENT/EX-OFFICIO 229991 0 0 0 0 0 12573 0 22021 0 264585 0 0 0 CHRISTOPHER AIMONE VICE PRESIDENT - INSTITUTIONAL ADVAN 158103 0 0 0 0 0 7750 0 22913 0 188766 0 0 0 LORI PETERSON V.P. FINANCE & ADMINISTRATION 151562 0 0 0 0 0 9411 0 11539 0 172512 0 0 0 A LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2008-07-18 2800000 HIGHER EDUCATION REVENUE NOTE SERIES 2008 0 0 0 B LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2022-09-01 6785116 HIGHER EDUCATION REFUNDING BOND SERIES 2022A 0 0 0 C LEWIS AND CLARK COUNTY MONTANA 816001383 NONENOTED 2022-09-01 4686884 HIGHER EDUCATION REVENUE BOND SERIES 2022B 0 0 0 A 2800000 25400 2774600 2008 0 0 1 1 B 6785116 6785116 2022 1 0 1 1 C 4686884 8048 4678836 2022 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 A 0 X 28 275995 FAIR MARKET VALUE X DONATED AUCTION ITEMS 176 97403 FAIR MARKET VALUE X AUTO LEASE 3 18550 FAIR MARKET VALUE X OTHER 0 13099 FAIR MARKET VALUE X AIRLINE TICKET 3 8479 FAIR MARKET VALUE X MOWER 1 5800 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE COLLEGE USES APPROPRIATELY CERTIFIED PROFESSIONALS TO SELL NON-CASH GIFTS (SUCH AS SHARES OF STOCK OR REAL ESTATE) ON BEHALF OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 3 FOOD SERVICES ON CAMPUS ARE PROVIDED THROUGH SODEXO AMERICA, LLC. THE TERMS OF THE CONTRACT ARE NEGOTIATED AT ARM'S LENGTH TO DETERMINE THAT THE COLLEGE WILL PAY NO MORE THAN THE FAIR MARKET VALUE OF THE SERVICES PROVIDED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 TAX RETURN IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS, AND IS REVIEWED BY THE VP OF FINANCE AND ADMINISTRATION, CONTROLLER, AND ASSISTANT CONTROLLER BEFORE BEING SIGNED AND ISSUED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY, AND TO INDICATE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF A TOPIC. ANY DISCLOSURE IS NOTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE BOARD OF TRUSTEES, USING A PEER GROUP SALARY COMPARISON OF ROUGHLY 77 SIMILAR INSTITUTIONS. THE COLLEGE PRESIDENT'S CONTRACT IS REVIEWED BY THE FULL BOARD OF TRUSTEES. COMPENSATION OF ALL OTHER STAFF AND FACULTY IS DETERMINED BY COLLEGE POLICY AND FINANCIAL RESOURCES, INCLUDING A COMPARISON TO A PEER GROUP OF ROUGHLY 77 SIMILAR INSTITUTIONS. SALARY INCREASES ARE APPROVED BY THE BOARD AS PART OF APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE TRUST 54,731. CHANGE IN FAIR VALUE OF SWAP CONTRA 104,980. 990 PART XII, LINE 2C-OVERSIGHT OF AUDIT CARROLL HAS AN AUDIT & RISK ASSESSMENT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.