UNIVERSITY OF ST THOMAS: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
UNIVERSITY OF ST THOMAS (EIN 41-0693970)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202521359349311627
Schema version
2023v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T14:07:24+00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 13th St NW Suite 852AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410693970EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1University of St ThomasBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUNIVBusinessNameControlTxt
Phone6519625000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12115 Summit AvenueAddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP551051078ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMark VangsgardPersonNm
Person TitleCFOPersonTitleTxt
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteve LenivyPreparerPersonNm
PTINP01635350PTIN
Phone2026245555PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Robert VischerBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12115 Summit AvenueAddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP551051078ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$937,769,423GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.stthomas.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1894FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionInspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good.ActivityOrMissionDesc
Voting Members Governing Body40VotingMembersGoverningBodyCnt
Voting Members Independent37VotingMembersIndependentCnt
Total Employee5244TotalEmployeeCnt
Total Volunteers8836TotalVolunteersCnt
Total Gross UBI$455,526TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$123,049,639PYContributionsGrantsAmt
CY Contributions Grants$75,864,363CYContributionsGrantsAmt
PY Program Service Revenue$375,404,064PYProgramServiceRevenueAmt
CY Program Service Revenue$395,623,941CYProgramServiceRevenueAmt
PY Investment Income$20,052,081PYInvestmentIncomeAmt
CY Investment Income$21,975,622CYInvestmentIncomeAmt
PY Other Revenue$18,570,172PYOtherRevenueAmt
CY Other Revenue$20,108,641CYOtherRevenueAmt
PY Total Revenue$537,075,956PYTotalRevenueAmt
CY Total Revenue$513,572,567CYTotalRevenueAmt
PY Grants And Similar Paid$180,306,115PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$196,194,060CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$198,984,030PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$206,294,200CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$300,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$300,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$12,616,487CYTotalFundraisingExpenseAmt
PY Other Expenses$89,500,119PYOtherExpensesAmt
CY Other Expenses$99,241,871CYOtherExpensesAmt
PY Total Expenses$469,090,264PYTotalExpensesAmt
CY Total Expenses$502,030,131CYTotalExpensesAmt
PY Revenues Less Expenses$67,985,692PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,542,436CYRevenuesLessExpensesAmt
Total Assets BOY$1,754,407,977TotalAssetsBOYAmt
Total Assets EOY$1,946,357,939TotalAssetsEOYAmt
Total Liabilities BOY$431,894,172TotalLiabilitiesBOYAmt
Total Liabilities EOY$571,548,939TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,322,513,805NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,374,809,000NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionINSPIRED BY CATHOLIC INTELLECTUAL TRADITION, THE UNIVERSITY OF ST. THOMAS EDUCATES STUDENTS TO BE MORALLY RESPONSIBLE LEADERS WHO THINK CRITICALLY, ACT WISELY, AND WORK SKILLFULLY TO ADVANCE THE COMMON GOOD. FOUNDED IN 1885, THE UNIVERSITY OF ST. THOMAS IS A CATHOLIC UNIVERSITY BASED IN THE TWIN CITIES OF ST. PAUL AND MINNEAPOLIS. THE LARGEST PRIVATE UNIVERSITY IN MINNESOTA, ST. THOMAS OFFERS BACHELOR'S DEGREES IN OVER 100 MAJOR FIELDS OF STUDY AND MORE THAN 60 GRADUATE DEGREE PROGRAMS INCLUDING MASTER'S, EDUCATION SPECIALIST, JURIS DOCTOR, AND DOCTORATES. THE UNIVERSITY OF ST. THOMAS IS KNOWN NATIONALLY FOR ACADEMIC EXCELLENCE THAT PREPARES STUDENTS FOR THE COMPLEXITIES OF THE CONTEMPORARY WORLD. THROUGH DISCIPLINARY AND INTERDISCIPLINARY INQUIRY AND DEEP INTERCULTURAL UNDERSTANDING, WE INSPIRE STUDENTS TO LEAD, WORK, AND SERVE WITH THE SKILL AND EMPATHY VITAL TO CREATING A BETTER WORLD.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$334,934,438ExpenseAmt
Grant$196,194,060GrantAmt
Revenue$369,542,703RevenueAmt
DescINSTRUCTION & RESEARCH: DURING THE YEAR, 9,445 STUDENTS WERE ENROLLED AT THE UNIVERSITY OF ST. THOMAS PURSUING ASSOCIATE, UNDERGRADUATE, GRADUATE, DOCTORAL, AND LAW DEGREESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$52,666,593ExpenseAmt
Grant$0GrantAmt
Revenue$3,704,416RevenueAmt
DescSTUDENT SERVICES: SERVICES PROVIDED TO STUDENTS INCLUDING ENROLLMENT SERVICES, DEAN OF STUDENTS, REGISTRAR, ATHLETICS, CAREER DEVELOPMENT, PERSONAL COUNSELING, INTERNATIONAL STUDENTS SERVICES, STUDENT CLUBS AND ORGANIZATIONS, AND STUDENT HEALTH SERVICES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$48,689,641ExpenseAmt
Grant$0GrantAmt
Revenue$37,409,942RevenueAmt
DescAUXILIARY SERVICES: PROVIDED SERVICES TO THE UNIVERSITY COMMUNITY, INCLUDING FOOD SERVICES, HOUSING, BOOKSTORES, AND CONFERENCE SERVICES.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$19,035,911ExpenseAmt
Grant$0GrantAmt
Revenue$2,891,683RevenueAmt
DescOTHER PROGRAM SERVICES: ACADEMIC SUPPORT PROVIDED TO THE UNIVERSITY COMMUNITY INCLUDING LIBRARY FACILITIES, ACADEMIC ADVISING, AND THE FACULTY DEVELOPMENT CENTER. THE UNIVERSITY PROVIDES PUBLIC SERVICES INCLUDING THE SENIOR CITIZEN CENTER, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$19,035,911TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$2,891,683TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$455,326,583TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document12522IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee5244EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryITForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members40GoverningBodyVotingMembersCnt
Independent Voting Member37IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Mark VangsgardBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6519625000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12115 Summit AvenueAddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP551051078ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
James Kolar
BOARD VICE CHAIR1.0Yes (X)Yes (X)$0$0$0
Jodee Kozlak
BOARD CHAIR1.0Yes (X)Yes (X)$0$0$0
Phil Soran
BOARD VICE CHAIR1.0Yes (X)Yes (X)$0$0$0
Robert Vischer
PRESIDENT40.0Yes (X)Yes (X)$665,993$0$87,774
Andrew Cecere
TRUSTEE1.0Yes (X)$0$0$0
Andrew Duff
TRUSTEE1.0Yes (X)$0$0$0
Ann Winblad
TRUSTEE1.0Yes (X)$0$0$0
Anne Sempowski Ward
TRUSTEE1.0Yes (X)$0$0$0
Archie Black
TRUSTEE1.0Yes (X)$0$0$0
Ashley Bailey-Chang
TRUSTEE1.0Yes (X)$0$0$0
Brian Wenger
TRUSTEE1.0Yes (X)$0$0$0
Carol Frey Wolfe
TRUSTEE1.0Yes (X)$0$0$0
David John
TRUSTEE1.0Yes (X)$0$0$0
David Juran
TRUSTEE1.0Yes (X)$0$0$0
Debbra Schoneman
TRUSTEE1.0Yes (X)$0$0$0
Doctor Amy Goldman
TRUSTEE1.0Yes (X)$0$0$0
Doctor John Morrison
TRUSTEE1.0Yes (X)$0$0$0
Father Dennis Dease
PRESIDENT EMERITUS/TRUSTEE40.0Yes (X)$86,078$0$24,656
Geoffrey Gage
TRUSTEE1.0Yes (X)$0$0$0
James Gearen
TRUSTEE1.0Yes (X)$0$0$0
John Allen
TRUSTEE1.0Yes (X)$0$0$0
Katharine Anderson Groethe
TRUSTEE1.0Yes (X)$0$0$0
Kathlene Campbell
TRUSTEE1.0Yes (X)$0$0$0
Lisa Anderson
TRUSTEE1.0Yes (X)$0$0$0
Mark Dienhart
TRUSTEE1.0Yes (X)$0$0$0
Mark Zesbaugh
TRUSTEE1.0Yes (X)$0$0$0
Mary Haddad
TRUSTEE1.0Yes (X)$0$0$0
Michael Ciresi
TRUSTEE1.0Yes (X)$0$0$0
Michael Dougherty
TRUSTEE1.0Yes (X)$0$0$0
Patrick Ryan
TRUSTEE1.0Yes (X)$0$0$0
Paul Karon
TRUSTEE1.0Yes (X)$0$0$0
Reverend Edward Malloy
TRUSTEE1.0Yes (X)$0$0$0
Reverend John Malone
TRUSTEE1.0Yes (X)$0$0$0
Rob Kelly
TRUSTEE1.0Yes (X)$0$0$0
Rory O'Neill
TRUSTEE1.0Yes (X)$0$0$0
Stephen Nachtsheim
TRUSTEE1.0Yes (X)$0$0$0
Timothy Flynn
TRUSTEE1.0Yes (X)$0$0$0
Virginia Hubbard MORRIS
TRUSTEE1.0Yes (X)$0$0$0
Wilhelmina Wright
TRUSTEE1.0Yes (X)$0$0$0
William Lentsch
TRUSTEE1.0Yes (X)$0$0$0
Abigail Crouse
GENERAL COUNSEL AND SECRETARY40.0Yes (X)$252,339$0$24,962
Mark Vangsgard
CFO40.0Yes (X)$323,609$0$56,131
Eddy Rojas
EVP & PROVOST40.0$473,156$0$63,765Yes (X)
Erik Thurman
VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT40.0$427,252$0$63,477Yes (X)
Kathleen Arnold
VICE PRESIDENT AND CHIEF HUMAN RESOURCES OFFICER40.0$251,142$0$49,514Yes (X)
Phillip Esten
VICE PRESIDENT AND DIRECTOR OF ATHLETICS40.0$488,160$0$64,899Yes (X)
Sonali Dalal
VICE PRESIDENT AND CHIEF INVESTMENT OFFICER40.0$699,965$0$27,639Yes (X)
David Deeds
PROFESSOR OF ENTREPENEURSHIP40.0$333,074$0$53,257Yes (X)
Glenn Caruso
FOOTBALL COACH40.0$378,983$0$65,018Yes (X)
Laura Dunham
DEAN OPUS COLLEGE OF BUSINESS40.0$346,642$0$65,746Yes (X)
MayKao Hang
DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OF HEALTH40.0$417,398$0$63,427Yes (X)
Michael Paulsen
LAW PROFESSOR40.0$369,347$0$58,125Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,513,138TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$768,390TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K413IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
McGough Construction
2737 Fairview Avenue NorthStPaulMN55113Construction Services$31,740,559
Ryan Companies
533 S 3rd St Ste 100MinneapolisMN55415Construction Services$24,772,627
US Leasing and Equipment Finance LLC
38 Discovery Suite 150IrvineCA92618Leasing Services$3,534,218
American Institute for Foreign Study
1 High Ridge ParkStamfordCT06905Student Services$1,212,588
Willo Labs Inc
3 Westbrook Corporate CenterWestchesterIL60154Student Services$1,062,991
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K136CntrctRcvdGreaterThan100KCnt
Fundraising$379,183FundraisingAmt
Government Grants$11,934,735GovernmentGrantsAmt
All Other Contributions$63,550,445AllOtherContributionsAmt
Noncash Contributions$2,166,290NoncashContributionsAmt
Total Contributions$75,864,363TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition & Fees611600$369,542,703$369,542,703
Housing721310$24,173,145$24,156,180$16,965
Seminars & Workshops611600$1,908,093$1,908,093

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$395,623,941TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,856,561TotalRevenueColumnAmt
Unrelated Business Revenue$355,433UnrelatedBusinessRevenueAmt
Exclusion$10,501,128ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,962,972TotalRevenueColumnAmt
Exclusion$1,962,972ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$297,953TotalRevenueColumnAmt
Exclusion$297,953ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$423,375,000SecuritiesAmt
Other$75,074OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$411,202,963SecuritiesAmt
Other$3,091,022OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$12,172,037SecuritiesAmt
Other-$3,015,948OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,156,089TotalRevenueColumnAmt
Exclusion$9,156,089ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$104,561FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$379,183ContriRptFundraisingEventAmt
Fundraising Direct Expenses$154,525FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$49,964TotalRevenueColumnAmt
Exclusion-$49,964ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$20,568,792GrossSalesOfInventoryAmt
Cost Of Goods Sold$9,748,346CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,820,446TotalRevenueColumnAmt
Related Or Exempt Func Income$10,875,245RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$54,799UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Parking812930$1,835,756$1,835,756
Student Health Insurance900099$816,139$816,139
Rental Income531390$508,258$384,448$123,810

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,880,053TotalRevenueColumnAmt
Related Or Exempt Func Income$5,865,936RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$14,117UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$9,040,206OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$513,572,567TotalRevenueColumnAmt
Related Or Exempt Func Income$413,548,744RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$455,526UnrelatedBusinessRevenueAmt
Exclusion$23,703,934ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$7,260TotalAmt
Program Services$7,260ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$192,887,912TotalAmt
Program Services$192,887,912ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,298,888TotalAmt
Program Services$3,298,888ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,798,676TotalAmt
Management And General$2,970,787ManagementAndGeneralAmt
Fundraising$827,889FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$155,713,946TotalAmt
Program Services$134,627,982ProgramServicesAmt
Management And General$14,105,919ManagementAndGeneralAmt
Fundraising$6,980,045FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$10,534,010TotalAmt
Program Services$8,985,043ProgramServicesAmt
Management And General$966,579ManagementAndGeneralAmt
Fundraising$582,388FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$25,572,927TotalAmt
Program Services$21,489,889ProgramServicesAmt
Management And General$2,690,117ManagementAndGeneralAmt
Fundraising$1,392,921FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$10,674,641TotalAmt
Program Services$8,875,955ProgramServicesAmt
Management And General$1,223,369ManagementAndGeneralAmt
Fundraising$575,317FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$319,745TotalAmt
Program Services$190,650ProgramServicesAmt
Management And General$129,024ManagementAndGeneralAmt
Fundraising$71FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$233,654TotalAmt
Program Services$19,446ProgramServicesAmt
Management And General$211,988ManagementAndGeneralAmt
Fundraising$2,220FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$273,669TotalAmt
Program Services$273,669ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$300,000TotalAmt
Fundraising$300,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,241,679TotalAmt
Management And General$1,239,143ManagementAndGeneralAmt
Fundraising$2,536FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,399,131TotalAmt
Program Services$4,836,553ProgramServicesAmt
Management And General$2,381,725ManagementAndGeneralAmt
Fundraising$180,853FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,674,140TotalAmt
Program Services$2,294,864ProgramServicesAmt
Management And General$301,512ManagementAndGeneralAmt
Fundraising$77,764FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,770,700TotalAmt
Program Services$3,413,336ProgramServicesAmt
Management And General$986,009ManagementAndGeneralAmt
Fundraising$371,355FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$9,044,295TotalAmt
Program Services$5,264,446ProgramServicesAmt
Management And General$3,478,967ManagementAndGeneralAmt
Fundraising$300,882FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,580,989TotalAmt
Program Services$11,135,922ProgramServicesAmt
Management And General$364,556ManagementAndGeneralAmt
Fundraising$80,511FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$9,636,603TotalAmt
Program Services$8,764,395ProgramServicesAmt
Management And General$677,585ManagementAndGeneralAmt
Fundraising$194,623FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$646,322TotalAmt
Program Services$631,503ProgramServicesAmt
Management And General$12,428ManagementAndGeneralAmt
Fundraising$2,391FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$14,515,795TotalAmt
Program Services$14,050,155ProgramServicesAmt
Management And General$456,265ManagementAndGeneralAmt
Fundraising$9,375FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$19,524,151TotalAmt
Program Services$19,828,512ProgramServicesAmt
Management And General-$449,055ManagementAndGeneralAmt
Fundraising$144,694FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,809,029TotalAmt
Program Services$1,767,487ProgramServicesAmt
Management And General$1,035,330ManagementAndGeneralAmt
Fundraising$6,212FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
All Other Expenses$5,481,888$4,378,471$772,653$330,764
Other Equip & Supply$3,467,097$3,431,731$26,083$9,283
Electronic Library$2,883,039$2,883,039
Meals$1,667,919$1,368,667$84,554$214,698

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,072,026TotalAmt
Program Services$620,808ProgramServicesAmt
Management And General$421,523ManagementAndGeneralAmt
Fundraising$29,695FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$502,030,131TotalAmt
Program Services$455,326,583ProgramServicesAmt
Management And General$34,087,061ManagementAndGeneralAmt
Fundraising$12,616,487FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,739,411BOYAmt
EOY$1,878,454EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$182,927,201BOYAmt
EOY$168,991,720EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,972,964BOYAmt
EOY$10,378,497EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,136,159BOYAmt
EOY$1,211,212EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,039,650BOYAmt
EOY$5,015,978EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$978,919,805LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$362,065,361LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$486,771,192BOYAmt
EOY$616,854,444EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$586,095,087BOYAmt
EOY$715,177,658EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$362,024,535BOYAmt
EOY$382,379,817EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,788,494BOYAmt
EOY$2,540,165EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$117,913,284BOYAmt
EOY$41,929,994EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,754,407,977BOYAmt
EOY$1,946,357,939EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$40,672,969BOYAmt
EOY$40,477,445EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$5,385,999BOYAmt
EOY$5,682,632EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$343,887,331BOYAmt
EOY$479,065,387EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$1,010,536BOYAmt
EOY$867,263EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,937,337BOYAmt
EOY$45,456,212EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$431,894,172BOYAmt
EOY$571,548,939EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$507,019,805BOYAmt
EOY$569,672,749EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$815,494,000BOYAmt
EOY$805,136,251EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,322,513,805BOYAmt
EOY$1,374,809,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,754,407,977BOYAmt
EOY$1,946,357,939EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$11,542,436ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$42,564,070NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts-$311,536DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets-$1,499,775OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$68,384,580CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$59,187,612CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$95,850,287CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,049,639CurrentTaxYearMinus1YearAmt
Current Tax Year$75,864,363CurrentTaxYearAmt
Total$422,336,481TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$68,384,580CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$59,187,612CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$95,850,287CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,049,639CurrentTaxYearMinus1YearAmt
Current Tax Year$75,864,363CurrentTaxYearAmt
Total$422,336,481TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$92,416,191SubstantialContributorsTotAmt
Public Support Total170$329,920,290PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,206,080CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,159,915CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,140,544CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,907,383CurrentTaxYearMinus1YearAmt
Current Tax Year$12,762,053CurrentTaxYearAmt
Total$48,175,975TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$455,526CurrentTaxYearAmt
Total$455,526TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,611,223CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,204,002CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,018,349CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,818,783CurrentTaxYearMinus1YearAmt
Current Tax Year$1,940,317CurrentTaxYearAmt
Total$8,592,674TotalAmt
FieldValueIRS element (for citing)
Total Support$479,560,656TotalSupportAmt
Gross Receipts Rltd Activities$1,935,296,594GrossReceiptsRltdActivitiesAmt
Public Support CY1700.6880PublicSupportCY170Pct
Public Support PY1700.6715PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - GROSS INCOME FROM FUNDRAISING, COLUMN A - 56135.0, COLUMN B - 0.0, COLUMN C - 63803.0, COLUMN D - 72588.0, COLUMN E - 104561.0, COLUMN F - 297087.0; DESCRIPTION - PARKING, COLUMN A - 1555088.0, COLUMN B - 1204002.0, COLUMN C - 1954546.0, COLUMN D - 1746195.0, COLUMN E - 1835756.0, COLUMN F - 8295587.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$273,669DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$273,669TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationThe University of St. Thomas is a member of Minnesota Private College Council (MPCC), an organization described in section 501(c)(4) of the Internal Revenue Code. MPCC is an association of private nonprofit institutions of higher education that serves a variety of its members' shared needs, including, but not only, nonpartisan and non-electoral advocacy for public policy that meets students' needs and advances the interests of private higher education. The University of St. Thomas paid membership dues to MPCC in the amount of $205,760 during the taxable year. MPCC has divided its expenses for its taxable year ending June 30, 2024, into two groups. Group 1 consists of those expenses that did not in any way support attempts to influence legislation within the meaning of section 501(c)(3) of the Internal Revenue Code ("lobbying"), and Group 2 consists of all other expenses. Group 2 includes many expenses, such as personnel costs, that supported both lobbying and nonlobbying activities. MPCC did not attempt to allocate the Group 2 expenses between lobbying and nonlobbying activities. MPCC has determined that the amount of the Group 2 expenses represents 80.27% of the amount of the dues that MPCC collected in the same taxable year. Assuming that all Group 2 expenses were paid from member dues, and allocating those expenses pro rata based on the dues paid by each member, $165,169 of The University of St. Thomas' dues were used to pay Group 2 expenses. The amount of lobbying expenses paid from The University of St. Thomas' dues was significantly less than that amount. The University retained the services of Emmet Coleman to the tune of $38,500 to represent the University with the City of St. Paul in relation to building a micro-grid on the University St. Paul campus. The services of were also retained for the cost of $70,000 of McAllister & Quinn in Washington DC to represent the University at the Federal level.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$7,235,194AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$710,223,303BeginningYearBalanceAmt
Contributions$14,558,166ContributionsAmt
Investment Earnings Or Losses$50,438,490InvestmentEarningsOrLossesAmt
Grants Or Scholarships$11,055,406GrantsOrScholarshipsAmt
Other Expenditures$23,904,873OtherExpendituresAmt
End Year Balance$740,259,680EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$698,880,968BeginningYearBalanceAmt
Contributions$17,670,137ContributionsAmt
Investment Earnings Or Losses$33,911,950InvestmentEarningsOrLossesAmt
Grants Or Scholarships$9,428,259GrantsOrScholarshipsAmt
Other Expenditures$30,811,493OtherExpendituresAmt
End Year Balance$710,223,303EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$708,988,747BeginningYearBalanceAmt
Contributions$23,029,947ContributionsAmt
Investment Earnings Or Losses-$8,905,570InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,833,920GrantsOrScholarshipsAmt
Other Expenditures$16,398,236OtherExpendituresAmt
End Year Balance$698,880,968EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$550,931,157BeginningYearBalanceAmt
Contributions$9,677,842ContributionsAmt
Investment Earnings Or Losses$165,596,839InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,636,723GrantsOrScholarshipsAmt
Other Expenditures$10,580,368OtherExpendituresAmt
End Year Balance$708,988,747EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$540,611,135BeginningYearBalanceAmt
Contributions$37,539,844ContributionsAmt
Investment Earnings Or Losses-$9,655,817InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,670,705GrantsOrScholarshipsAmt
Other Expenditures$11,893,300OtherExpendituresAmt
End Year Balance$550,931,157EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.1267BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.5887PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.2846TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$47,702,195OtherCostOrOtherBasisAmt
Book Value$47,702,195BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$752,258,492OtherCostOrOtherBasisAmt
Depreciation$220,602,313DepreciationAmt
Book Value$531,656,179BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,330,591OtherCostOrOtherBasisAmt
Depreciation$9,350,569DepreciationAmt
Book Value$3,980,022BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$88,992,820OtherCostOrOtherBasisAmt
Depreciation$68,292,568DepreciationAmt
Book Value$20,700,252BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$76,635,707OtherCostOrOtherBasisAmt
Depreciation$63,819,911DepreciationAmt
Book Value$12,815,796BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$616,854,444TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
REAL ESTATE FUNDS$43,634,967F
MARKETABLE ALTERNATIVES$88,036,348F
PRIVATE EQUITY$250,708,502F
FieldValueIRS element (for citing)
Total Book Value Securities$382,379,817TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
ANNUITY OBLIGATIONS$4,704,614
ASSET RETIREMENT OBLIGATIONS$2,081,467
INTEREST RATE SWAP$175,411
OTHER LIABILITIES$731,374
STUDENT LOAN ADVANCES$25,796,416
BOND PREMIUMS$11,966,930
FieldValueIRS element (for citing)
Total Liability$45,456,212TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$370,145,222TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$42,564,070NetUnrealizedGainsInvstAmt
Recoveries Prior Year Grants$0RecoveriesPriorYearGrantsAmt
Other Revenue$9,748,346OtherRevenueAmt
Revenue Not Reported$52,312,416RevenueNotReportedAmt
Revenue Subtotal$317,832,806RevenueSubtotalAmt
Investment Expenses Not Incld$1,175,111InvestmentExpensesNotIncldAmt
Other Revenues Not Included$194,564,650OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$195,739,761RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$513,572,567TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$317,845,448TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$311,536DonatedServicesUseFcltsAmt
Other Expenses Included$8,573,235OtherExpensesIncludedAmt
Expenses Not Reported$8,884,771ExpensesNotReportedAmt
Expenses Subtotal$308,960,677ExpensesSubtotalAmt
Other Expenses Not Included$193,069,454OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$193,069,454ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$502,030,131TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collectionsTHE UNIVERSITY OF ST. THOMAS HOLDS TWO COLLECTIONS OF ARTWORK. THE ASMAT ART AND ARTISTS COLLECTION CONSTITUTES ONE OF THE MOST COMPREHENSIVE COLLECTIONS OF ASMAT ART IN THE UNITED STATES. LOCATED ON THE ST. PAUL CAMPUS IT PROVIDES STUDENTS, FACULTY, STAFF AND SURROUNDING COMMUNITIES WITH OPPORTUNITIES TO LEARN ABOUT TRADITIONAL ASMAT CULTURE, CONTEMPORARY CHALLENGES FOR ASMAT ARTISTS, AND ONGOING OPPORTUNITIES ASMAT ARTISTS HAVE FOR PRESENTING THEIR WORK. THE UNIVERSITY OF ST. THOMAS COLLECTION COMPRISES OVER 1,000 OBJECTS INCLUDING PAINTINGS, SCULPTURES, DECORATIVE ARTS STAINED GLASS AND TEXTILES. MANY OF THESE WORKS ARE ON DISPLAY IN PUBLIC AREAS OF THE LIBRARIES OFFICES CLASSROOMS, DORMITORIES, SEMINARY BUILDINGS, AND THE STUDENT CENTER; AND IN VARIOUS OUTDOOR SETTINGS. SEVERAL AREAS, SUCH AS THE SCULPTURE GARDEN OF THE O'SHAUGHNESSY-OWENS SCIENCE COMPLEX, AND THE BERNARDI CAMPUS IN ROME, HAVE NOTEWORTHY ENSEMBLES. MANY WORKS OF ART ARE USED DIRECTLY FOR TEACHING PURPOSES IN THE ART HISTORY CLASSROOM, AS WELL AS SPECIALIZED SETTINGS SUCH AS THE LUANN DUMMER CENTER FOR WOMEN. OTHER PLAY A DIRECT ROLE IN WORSHIP AND MEDITATION.
Schedule D, Part IV, Line 2b Explanation of escrow agreementThe escrow arrangement is in connection to planned gift assets held for others. The University of St. Thomas has one for fiscal year 2024. Loftus Unitrust - is split among several beneficiaries but the University of St. Thomas holds the funds.
Schedule D, Part V, Line 4 Intended uses of endowment fundsTHE UNIVERSITY'S ENDOWMENT IS USED FOR STUDENT FINANCIAL AID, INSTRUCTION AND OTHER RELATED ACTIVITIES, AND EDUCATIONAL AND GENERAL OPERATING.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteTHE UNIVERSITY QUALIFIES AS A TAX EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE MOST SIGNIFICANT AREAS THAT SUBJECT THE UNIVERSITY TO UNRELATED BUSINESS INCOME TAX (UBIT) INCLUDE CONFERENCES AND EVENTS, RENTAL ACTIVITIES, EARNINGS FROM CERTAIN ALTERNATIVE INVESTMENTS AND OTHER UNRELATED INCOME.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990COST OF GOODS SOLD - 9748346
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsFINANCIAL AID - XXX-XX-XXXX
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990COST OF GOODS SOLD - 9748346 INVESTMENT EXPENSE - -1175111
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsFINANCIAL AID - XXX-XX-XXXX NET UNREALIZED (LOSS) GAIN - 93885 DONOR PLEDGE ADJUSTMENT - -1589081

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYTHE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN SOLICITATION MATERIALS SENT TO PROSPECTIVE STUDENTS, AS WELL AS ON ITS WEBSITE AND IN ENROLLMENT MATERIALS.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTTHE UNIVERSITY OF ST. THOMAS RECEIVES PRIMARILY TITLE IV FUNDING FROM THE DEPARTMENT OF EDUCATION (I.E., PELL, WORKSTUDY, FEDERAL DIRECT LENDING, AND SEOG).

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (20 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean00InvestmentsN/A$152,283,990
Europe (Including Iceland and Greenland)00InvestmentsN/A$28,951,767
Europe (Including Iceland and Greenland)17Program ServicesThe Bernardi Campus provides housing to St. Thomas students and others participating in academic and summer programs.$667,346
North America (Canada & Mexico only)00InvestmentsN/A$2,758,173
Europe (Including Iceland and Greenland)00Program ServicesStudent Aid$2,930,979
Middle East and North Africa00Program ServicesStudent Aid$38,924
South America00Program ServicesStudent Aid$37,679
East Asia and the Pacific00Program ServicesStudent Aid$247,584
Central America and the Caribbean00Program ServicesStudent Aid$25,147
South Asia00Program ServicesStudent Aid$10,748
Europe (Including Iceland and Greenland)00Program Services,Conference TravelRecruitment, software, study abroad, conferences, research, advertising, Services, Fees, Supplies, Professional Development, and Subscriptions$174,229
Middle East and North Africa00Program ServicesStudy abroad$77
North America (Canada & Mexico only)00Program ServicesStudent Aid$1,075
South America00Program ServicesResearch, Service$1,705
Sub-Saharan Africa00Program ServicesStudent Aid$17,500
Central America and the Caribbean00Program Services,Conference TravelStudy abroad$4,383
East Asia and the Pacific00Program ServicesConferences, Study Abroad, Software, Supplies$24,653
North America (Canada & Mexico only)00Program Services,Conference TravelConferences, Subscriptions, Software, Supplies, Recruitment$20,392
South Asia00Program ServicesRecruitment, Subscriptions, Services$10,748
Sub-Saharan Africa00Program ServicesRecruitment, research$627
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees7SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee7TotalEmployeeCnt
Subtotal Spent$188,151,306SubtotalSpentAmt
Continuation Spent$56,420ContinuationSpentAmt
Total Spent$188,207,726TotalSpentAmt
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtValuation Method UsedValuationMethodUsedDesc
AIDEurope (Including Iceland and Greenland)412$2,930,979STUDENT ACCOUNTFMV
AIDMiddle East and North Africa7$38,924STUDENT ACCOUNTFMV
AIDSouth America9$37,679STUDENT ACCOUNTFMV
AIDEast Asia and the Pacific50$247,584STUDENT ACCOUNTFMV
AIDCentral America and the Caribbean2$25,147STUDENT ACCOUNTFMV
AIDSub-Saharan Africa3$17,500STUDENT ACCOUNTFMV
AIDNorth America (Canada & Mexico only)1$1,075STUDENT ACCOUNTFMV
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsSTUDENT FINANCIAL AID IS PROCESSED UNDER INDIVIDUAL GRANT FUNDS WITHIN OUR ACCOUNTING SYSTEM, AND THE STUDENT FINANCIAL AID IS ALSO PROCESSED UNDER EACH INDIVIDUAL STUDENT ACCOUNT. THIS APPROACH TO RECORD FINANCIAL AID BY FUND AND BY STUDENT ACCOUNT PROVIDES A DETAILED RECORD OF HOW THE FUNDS ARE SPENT ACCORDING TO DONOR AND GOVERNMENTAL REQUIREMENTS. THE FINANCIAL AID OFFICE MONITORS STUDENT ACCOUNT ACTIVITY TO VERIFY THE STUDENT'S ENROLLMENT AND USE OF THE FUNDS ACCORDING TO THE GRANT REQUIREMENTS.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsCENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statementsCENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SUB-SAHARAN AFRICA -Accrual

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1HADAWAY PARTNERS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13692 WOODLAND COVE PARKWAYAddressLine1Txt
CityEXCELSIORCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55331ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISING CONSULTANTActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Retained By Contractor$300,000RetainedByContractorAmt
Net To Organization-$300,000NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$0TotalGrossReceiptsAmt
Total Retained By Contractors$300,000TotalRetainedByContractorsAmt
Total Net To Organization-$300,000TotalNetToOrganizationAmt
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDELicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesALLicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesIDLicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesIALicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesMTLicensedStatesCd
Licensed StatesNELicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesAZLicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesSDLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesTXLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesWYLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Athletic Purple PartyEvent1Nm
Gross Receipts Event1$314,564GrossReceiptsEvent1Amt
Charitable Contri Event1$272,835CharitableContriEvent1Amt
Gross Revenue Event1$41,729GrossRevenueEvent1Amt
Rent Facility Costs Event1$20,684RentFacilityCostsEvent1Amt
Food And Beverage Event1$39,548FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$15,563OtherDirectExpensesEvent1Amt
Event2Football Golf TournamentEvent2Nm
Gross Receipts Event2$45,680GrossReceiptsEvent2Amt
Charitable Contri Event2$43,240CharitableContriEvent2Amt
Gross Revenue Event2$2,440GrossRevenueEvent2Amt
Rent Facility Costs Event2$19,919RentFacilityCostsEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$123,500GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$63,108CharitableContriOtherEventsAmt
Gross Revenue Other Events$60,392GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$4,200RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$35,635FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$18,976OthDirectExpnssOtherEventsAmt
Gross Receipts Total$483,744GrossReceiptsTotalAmt
Charitable Contributions Tot$379,183CharitableContributionsTotAmt
Gross Revenue Total Events$104,561GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$44,803RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$75,183FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$34,539OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$154,525DirectExpenseSummaryEventsAmt
Net Income Summary-$49,964NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDesc
Aid7289$191,265,764FMV
Stipends1313$1,622,148FMV

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationAS GIFTS AND GRANTS ARE RECEIVED, INDIVIDUAL FUNDS ARE ESTABLISHED IN OUR GENERAL LEDGER SYSTEM TO PROCESS THE GRANT REVENUE AND EXPENSE. A FINANCIAL MANAGER IS ASSIGNED TO REVIEW AND OVERSEE THE ACTIVITY OF THE FUND. IN ADDITION, OTHER ADMINISTRATIVE DEPARTMENTS ALSO PROVIDE SERVICES TO PROCESS, REPORT, AND REVIEW THE GRANT INFORMATION. IN THE CASE OF PRIVATE GRANTS, THE UNIVERSITY FOLLOWS A FORMALIZED GRANT APPLICATION PROCESS TO VERIFY THAT THE UNIVERSITY UNDERSTANDS THE GRANT OBLIGATION AND PURPOSE BEFORE THE APPLICATION IS SENT TO THE GRANTOR ORGANIZATION. MANY PRIVATE AND GOVERNMENT GRANTS ARE RECEIVED FOR STUDENT FINANCIAL AID. OUR ENROLLMENT SERVICES DEPARTMENT FOLLOWS A DETAILED POLICY AND PROCEDURES MANUAL THAT DESCRIBES HOW EACH SCHOLARSHIP IS AWARDED, INCLUDING SELECTION CRITERIA. THESE PROCEDURES FOLLOW GUIDELINES SET BY THE UNIVERSITY'S SENIOR LEADERSHIP. STUDENT FINANCIAL AID IS PROCESSED UNDER INDIVIDUAL GRANT FUNDS WITHIN OUR ACCOUNTING SYSTEM (AS DESCRIBED ABOVE), AND THE STUDENT FINANCIAL AID IS ALSO PROCESSED UNDER EACH INDIVIDUAL STUDENT ACCOUNT. THIS APPROACH TO RECORD FINANCIAL AID BY FUND AND BY STUDENT ACCOUNT PROVIDES A DETAILED RECORD OF HOW THE FUNDS ARE SPENT ACCORDING TO DONOR AND GOVERNMENTAL REQUIREMENTS. THE FINANCIAL AID OFFICE MONITORS STUDENT ACCOUNT ACTIVITY TO VERIFY THE STUDENT'S ENROLLMENT AND USE OF THE FUNDS ACCORDING TO THE GRANT REQUIREMENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Robert Vischer
PRESIDENT$659,939$0$0$0$6,054$0$53,520$0$34,254$0$753,767$0$0$0
Mark Vangsgard
CFO$296,323$0$25,000$0$2,286$0$29,146$0$26,985$0$379,740$0$0$0
Abigail Crouse
GENERAL COUNSEL AND SECRETARY$252,023$0$0$0$316$0$23,744$0$1,218$0$277,301$0$0$0
Sonali Dalal
VICE PRESIDENT AND CHIEF INVESTMENT OFFICER$399,551$0$300,000$0$414$0$13,406$0$14,233$0$727,604$0$0$0
Phillip Esten
VICE PRESIDENT AND DIRECTOR OF ATHLETICS$428,875$0$58,837$0$448$0$31,020$0$33,879$0$553,059$0$0$0
Eddy Rojas
EVP & PROVOST$406,942$0$65,800$0$414$0$37,780$0$25,985$0$536,921$0$0$0
Erik Thurman
VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT$347,784$0$69,500$0$9,968$0$31,020$0$32,457$0$490,729$0$0$0
Kathleen Arnold
VICE PRESIDENT AND CHIEF HUMAN RESOURCES OFFICER$250,728$0$0$0$414$0$24,703$0$24,811$0$300,656$0$0$0
MayKao Hang
DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OF HEALTH$378,160$0$38,824$0$414$0$31,020$0$32,407$0$480,825$0$0$0
Glenn Caruso
FOOTBALL COACH$378,713$0$0$0$270$0$31,020$0$33,998$0$444,001$0$0$0
Michael Paulsen
LAW PROFESSOR$368,159$0$0$0$1,188$0$31,020$0$27,105$0$427,472$0$0$0
Laura Dunham
DEAN OPUS COLLEGE OF BUSINESS$312,954$0$32,500$0$1,188$0$30,867$0$34,879$0$412,388$0$0$0
David Deeds
PROFESSOR OF ENTREPENEURSHIP$331,886$0$0$0$1,188$0$26,749$0$26,508$0$386,331$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelTHE DIRECTOR OF ATHLETICS OCCASIONALLY TRAVELS WITH VARIOUS INTERCOLLEGIATE ATHLETICS TEAMS ON THEIR TEAM CHARTER. NONE OF THE BENEFIT IS TREATED AS TAXABLE.
Schedule J, Part I, Line 1a Travel for companionsUNIVERSITY EMPLOYEES ARE OCCASIONALLY ASKED TO TRAVEL ON UNIVERSITY BUSINESS. SPOUSAL TRAVEL REIMBURSEMENT BY THE UNIVERSITY REQUIRES APPROVAL BY A DEAN OR LEADERSHIP MEMBER, AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL IS NOT PROPERLY DOCUMENTED IT IS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. TRAVEL FOR COMPANIONS WAS PROVIDED AS A BENEFIT TO THE UNIVERSITY PRESIDENT AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL WAS NOT PROPERLY DOCUMENTED, IT WAS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE.
Schedule J, Part I, Line 1a Health or social club dues or initiation feesCLUB DUES PAID BY THE UNIVERSITY ON BEHALF OF A NUMBER OF EMPLOYEES, THE PORTION RELATED TO PERSONAL USE IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE.
Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USETHE PRESIDENT IS PROVIDED HOUSING BY THE UNIVERSITY OF ST. THOMAS. THE PRESIDENT HAS CHOSEN NOT TO LIVE AT THE RESIDENCE FOR ANY PORTION OF TIME DURING FISCAL YEAR 2024.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MN Higher Education Facilities Authority
A41098852560416HB782013-03-28$29,327,034Refund Issue Dated 08/19/2004falsefalsefalse
MN Higher Education Facilities Authority
B4109885250000000002014-03-14$24,210,000Refund Issue dated 08/19/2004falsefalsefalse
MN Higher Education Facilities Authority
C41098852560416HV432016-03-09$63,325,215Refund Issues dated 06/17/2009 & 12/16/2008falsefalsefalse
MN Higher Education Facilities Authority
D41098852560416H8G22017-12-28$66,234,827Refund Issue Dated 12/16/2009falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$16,745,000$0$29,327,034$0$0$0$222,034$0$0$0$29,105,000$02013Yes (true)falseYes (true)Yes (true)
B$24,210,000$0$24,210,000$0$0$0$136,888$0$0$0$24,073,112$02014falseYes (true)Yes (true)Yes (true)
C$14,845,000$0$63,325,215$0$0$0$364,074$0$0$0$63,262,687$02016falseYes (true)Yes (true)Yes (true)
D$11,440,000$0$66,234,827$0$0$0$438,498$0$0$0$65,796,329$02017falseYes (true)Yes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false0.00.00160.0016falsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0.00.01440.0144falsefalseYes (true)
CfalsefalseYes (true)Yes (true)false0.00.03890.0389falsefalseYes (true)
DfalsefalseYes (true)Yes (true)false0.00.00820.0082falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalseYes (true)falsefalsefalsefalsefalseYes (true)
BfalsefalseYes (true)falsefalsefalsefalsefalseYes (true)
CfalsefalseYes (true)falsefalsefalsefalsefalseYes (true)
DfalsefalseYes (true)falsefalsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part II, Line 3 ALL LISTED BONDS ON SCHEDULE KIF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF THE RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS. EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE.
Schedule K, Part II, Line 11 Bonds 3, 4, and 5The Other Spent Proceeds are the refunding proceeds no longer in escrow.
Schedule K, Part I, Column (c) MULTIPLE CUSIP NUMBERS, ITEM D60416JFL9 60416JGG9
Schedule K, Part I, Column (c) MULTIPLE CUSIP NUMBERS, ITEM A60416JJA9 60416JJB7 60416JJC5
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority N/A
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN Higher Education Facilities Authority NA
Schedule K, Part V Different Procedures to Undertake Corrective ActionIssuer name: MN HIGHER EDUCATION FACILITIES AUTHORITY N/A

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MN Higher Education Facilities Authority
A4109885250000000002017-12-29$19,035,000Refund Issue Dated 05/30/2012falsefalsefalse
MN Higher Education Facilities Authority
B41098852560416JCE82019-05-30$93,027,399Construction of Dormitoryfalsefalsefalse
MN Higher Education Facilities Authority
C4109885250000000002020-07-17$18,745,000Refund Issue dated 12/29/2017 and renovations for dormitory and student health centerfalsefalsefalse
MN Higher Education Facilities Authority
D41098852560416JFL92022-06-02$136,339,932Construction of academic building and nursing facility and renovation of residence halls.falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$18,370,000$0$19,035,000$0$0$0$150,000$0$0$0$18,885,000$02017Yes (true)falseYes (true)Yes (true)
B$3,685,000$0$93,436,221$0$3,948,950$0$230,793$0$0$88,857,957$398,521$02020falsefalseYes (true)Yes (true)
C$5,085,000$0$18,745,000$0$127,387$0$131,201$0$0$8,646,799$9,839,613$02021Yes (true)falseYes (true)Yes (true)
D$0$0$142,108,379$0$4,977,283$0$811,999$0$0$118,497,097$408,986$17,413,0142024falsefalsefalseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false0.00.00560.0056falsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0.00.02660.0266falsefalseYes (true)
CfalsefalseYes (true)Yes (true)false0.00.00190.0019falsefalseYes (true)
DfalsefalseYes (true)Yes (true)false0.00.00270.0027falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndTerm Of GICTermOfGICPctRegulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd
(no name)
AfalsefalseYes (true)falseYes (true)falsefalsefalseYes (true)
Bayerische Landesbank New York Branch
BfalsefalseYes (true)falsefalsefalseYes (true)falseYes (true)1.5Yes (true)
(no name)
CfalseYes (true)falsefalseYes (true)falsefalsefalseYes (true)
THE TORONTO-DOMINIUM BANK NEW YORK BRANCH
DfalseYes (true)falsefalsefalsefalseYes (true)falseYes (true)1.5Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MN HIGHER EDUCATION FACILITIES AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN410988525BondIssuerEIN
CUSIP60416JJA9CUSIPNum
Bond Issued2024-03-26BondIssuedDt
Issue Price$153,245,931IssuePriceAmt
PurposeCONSTRUCTION OF ATHLETIC ARENAPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$153,247,503TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$1,791,128CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$1,037,105IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$3,234,562CapitalExpendituresAmt
Other Spent Proceeds$0OtherSpentProceedsAmt
Unspent$147,184,708UnspentAmt
Refunding Tax Exempt BondsfalseRefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadefalseFinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Private Bus Use By Others0.0PrivateBusUseByOthersPct
Private Bus Concerning UBI0.0PrivateBusConcerningUBIPct
Total Private Business Use0.0TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetYes (true)RebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssueYes (true)VariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GICYes (true)GrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

FieldValueIRS element (for citing)
Business Name Line1THE TORONTO-DOMINIUM BANK NEW YORK BRANCHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Term Of GIC1.8TermOfGICPct
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VARIOUSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgEMPLOYEE FAMILY MEMBERS AND TRUSTEESRelationshipWithOrgTxt
Cash Grant$125,076CashGrantAmt
Type Of AssistanceSCHOLARSHIPS & TUITION REMISSIONTypeOfAssistanceTxt
Assistance PurposeAcademic AssistanceAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RYAN COMPANIES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionPatrick Ryan Chairman & partial owner.RelationshipDescriptionTxt
Transaction$24,772,626TransactionAmt
TransactionCONSTRUCTIONTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part III PART III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONSFormAndLineReferenceDesc
ExplanationISSUANCE OF ACADEMIC SCHOLARSHIPS TO FAMILY MEMBERS OF EMPLOYEES AND TRUSTEES IS DETERMINED ON THE SAME BASIS AND CRITERIA FOR ALL STUDENTS AT THE UNIVERSITY.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution35ContributionCnt
Noncash Contributions Rpt F990$2,137,859NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Travel1$710Cost
Yes (X)Event1$3,500Cost
Yes (X)Welding Supplies1$4,222Cost
Yes (X)Instruments1$20,000Cost
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationSecurities - Publicly traded - NUMBER OF CONTRIBUTORS Other - Travel - NUMBER OF CONTRIBUTORS Other - Event - NUMBER OF CONTRIBUTORS Other - Welding Supplies - Number of Contributors Other - Instruments - Number of ContributorsExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 19,035,911 including grants of $ 0)(Revenue $ 2,891,683) OTHER PROGRAM SERVICES: ACADEMIC SUPPORT PROVIDED TO THE UNIVERSITY COMMUNITY INCLUDING LIBRARY FACILITIES, ACADEMIC ADVISING, AND THE FACULTY DEVELOPMENT CENTER. THE UNIVERSITY PROVIDES PUBLIC SERVICES INCLUDING THE SENIOR CITIZEN CENTER, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES.
Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEESTHE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE PRESIDENT OR THE INDIVIDUAL'S DIRECT SUPERVISOR IF NOT THE PRESIDENT. AS PART OF THIS PROCESS, COMPENSATION IS ESTABLISHED THROUGH AN ASSESSMENT OF THE CURRENT-MARKET. A SALARY RANGE IS ESTABLISHED THROUGH COMPARABLE POSITIONS/SALARY INFORMATION, AND THE APPROPRIATE TARGET SALARY IS SELECTED BEFORE A FINAL OFFER IS DIRECTED TO THE POTENTIAL HIRE. THIS PROCESS OCCURS EACH YEAR.
Form 990, Part VI, Line 1a Delegate broad authority to a committeeTHE EXECUTIVE COMMITTEE IS COMPRISED OF BOARD CHAIR, BOARD VICE CHAIR, IMMEDIATE PAST CHAIR, AND THE PRESIDENT OF THE UNIVERSITY OF ST. THOMAS. ALL OF THE EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE RIGHT TO ACT ON BEHALF OF THE BOARD OF TRUSTEES IN ANY MATTER THAT THE BOARD ITSELF COULD ADDRESS.
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsBRIAN WENGER AND PATRICK RYAN - Business relationship, DEBBRA SCHONEMAN & PHILIP SORAN - Business relationship, ARCHIE BLACK, PHILIP SORAN, & ANNE SEMPOWSKI WARD - Business relationship
Form 990, Part VI, Line 7a Members or stockholders electing members of governing bodyTHREE OF THE UNIVERSITY'S TRUSTEES SHALL BE NOMINATED BY THE SAINT PAUL SEMINARY AND ELECTED BY THE BOARD OF TRUSTEES IN ACCORDANCE WITH AN AFFILIATION AGREEMENT BETWEEN THE UNIVERSITY AND THE SEMINARY.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyPRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND OUTSIDE INDEPENDENT TAX ADVISORS. THE FORM 990 WITH A REDACTED VERSION OF SCHEDULE B IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. SUBSEQUENT TO THE BOARD OF TRUSTEE APPROVAL, THE TAX DEPARTMENT FILES THE RETURN WITH THE APPROPRIATE FEDERAL AND STATE AGENCIES, MAKING ANY NON-SUBSTANTIVE CHANGES NECESSARY. ANY NON-SUBSTANTIVE CHANGES ARE NOT RE-SUBMITTED TO THE BOARD.
Form 990, Part VI, Line 12c Conflict of interest policyALL TRUSTEES OFFICERS, KEY EMPLOYEES, AND THE FIVE HIGHEST PAID EMPLOYEES OF THE UNIVERSITY ARE REQUESTED TO FILE AN ANNUAL DISCLOSURE STATEMENT AND REPORT ANY KNOWN CONFLICTS OF INTEREST. THIS DISCLOSURE STATEMENT MUST BE COMPLETED AT THE TIME OF APPOINTMENT AND THEN ANNUALLY ON OR BEFORE OCTOBER 31. THE DISCLOSURE REQUIRES THE INDIVIDUALS TO NOTE KNOWN AND POTENTIAL RELATIONSHIPS OR TRANSACTIONS WHICH MAY GIVE RISE TO CONFLICT. TRUSTEES AND OFFICERS ALSO ARE REQUESTED TO NOTIFY THE VICE PRESIDENT FOR BUSINESS AFFAIRS IMMEDIATELY IF A CHANGE IN HIS OR HER DISCLOSURE STATEMENT OCCURS DURING THE YEAR. THE UNIVERSITY REVIEWS THE FORMS AND ANY IDENTIFIED CONFLICTS ARE MONITORED TO ENSURE COMPLIANCE WITH THE POLICY. ALL CONTRACTS, AGREEMENTS, OR ARRANGEMENTS THAT HAVE THE POTENTIAL FOR A FINANCIAL OR OTHER TYPE OF CONFLICT OF INTEREST ARE REVIEWED AND APPROVED BY THE APPROPRIATE GROUP AS LAID OUT IN OUR POLICY. AN INTERESTED PERSON RECUSES HIM OR HERSELF FROM THE DECISION-MAKING PROCESS, INCLUDING REMOVING HIM OR HERSELF FROM ANY DISCUSSIONS OR MEETINGS REGARDING THE POTENTIAL ARRANGEMENT. THOSE WITHOUT AN INTEREST IN THE MATTER DECIDE WHETHER A CONTRACT, AGREEMENT, TRANSACTION, OR ARRANGEMENT IS FAIR, REASONABLE, AND IS IN THE BEST INTEREST OF THE UNIVERSITY.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialTHE UNIVERSITY BENCHMARKED THE PRESIDENTS SALARY DURING THE SEARCH FOR ROB VISCHER, WHO WAS INITIALLY INTERIM PRESIDENT BEFORE BEING CONFIRMED AS PRESIDENT JANUARY 2024 .
Form 990, Part VI, Line 19 Required documents available to the publicTHE UNIVERSITY OF ST. THOMAS DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS ON THE UNIVERSITY'S WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST AND ARE ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE.
Form 990, Part VIII, Line 11d Other Miscellaneous RevenueOther Student Service Revenue - Total Revenue: 2888277, Related or Exempt Function Revenue: 2888277, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other Revenue - Total Revenue: 2991776, Related or Exempt Function Revenue: 2977659, Unrelated Business Revenue: 14117, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesNET UNREALIZED GAIN ON INTEREST RATE SWAP - 93885; CHANGE IN DEFERRED TAX - 3923; RECLASSIFICATION OF NET ASSETS - -1597583;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
UST ASSET HOLDINGS LLC
2115 SUMMIT AVEST PAULMN55105822313472REAL ESTATE INVESTMENTMN$0$0UNIVERSITY OF ST THOMAS
UST INVESTMENT HOLDINGS LLC
2115 SUMMIT AVEST PAULMN55105822761195NON REAL ESTATE INVESTMENTMN$317,125$3,608,528UNIVERSITY OF ST THOMAS
AUTOPARK LLC
2115 Summit AvenueSaint PaulMN55105743040026REAL ESTATE INVESTMENTMN$440,455$15,484,192University of St Thomas
UST HIGHLAND BRIDGE LLC
2115 Summit AveSt PaulMN55105REAL ESTATE INVESTMENTMN$0$7,102,250UNIVERSITY OF ST THOMAS

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER UNITRUSTS (9)
TRUST INVESTMENTSMNUNIVERSITY OF ST THOMASTrustYes (true)
CHARITABLE REMAINDER ANNUITY TRUSTS (1)
TRUST INVESTMENTSMNUNIVERSITY OF ST THOMASTrustYes (true)
CHARITABLE LEAD TRUST (1)
TRUST INVESTMENTSMNUNIVERSITY OF ST THOMASTrustYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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