2025-05-12T14:58:51-05:00 2024-06-30 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-07-01 460280847 Presentation College PRES 6052298453 1500 North 2nd Street Aberdeen SD 57401 Deanna Larson Board Chair 6052298453 2025-05-01 1 1 Lisa Chaffee CPA P00193453 6052258783 2025-04-23 2023 2025-03-06 01:10:19Z Deanna Larson 1500 North 2nd Street Aberdeen SD 57401 10101017 0 0928 X www.presentation.edu X 1951 SD Challenge learners toward academic excellence and the development of the whole person. X 8 8 165 8 0 0 1988463 7623719 12241284 318642 1873143 2153789 14533 2063 16117423 10098213 4526167 93245 0 0 8117511 1014322 0 0 55484 6851396 708843 19495074 1816410 -3377651 8281803 14753590 2288283 8380073 68 6373517 2288215 X Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. 0 1 769752 63817 280564 Provided in-person and online educational services in Aberdeen, South Dakota for undergraduate and graduate students. 36742 38078 Auxiliary enterprises - campus housing, food service, and recreational facilities. 29428 29428 Funded and unfunded scholarships and grants. 835922 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 8 0 1 165 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 0 1 1 1 0 MN X Deanna Larson 6052298453 1500 North 2nd Street Aberdeen SD 57401 X Deanna Larson Board Chair 3.00 X X 0 0 0 Esther Preszler Board Vice Chair 3.00 X X 0 0 0 Sr Janice Klein Member 2.00 X 0 0 0 Sr Vicky Larson Member 2.00 X 0 0 0 Sr Patricia Prunty Member 2.00 X 0 0 0 Randy Schuring Member 2.00 X 0 0 0 Kyle Schwan Member 2.00 X 0 0 0 Cindi Walsh Member 3.00 X 0 0 0 Dr Paula Langteau Fromer President 0.00 X 304095 0 59591 304095 0 59591 1 1 1 0 0 23088 7600631 7623719 Student Tuition/Fees 611600 98056 98056 Auxiliary Enterprises 611710 38078 38078 182508 182508 318642 349561 349561 1800 0 1800 1800 1800 1612903 191325 0 0 1612903 191325 1804228 1804228 3067 2804 263 263 10098213 318642 0 2155852 X 63817 63817 29428 29428 917596 555414 312410 49772 6560 3971 2233 356 33757 20433 11493 1831 56409 34144 19205 3060 66239 66239 46699 46699 30942 30942 203428 33808 169620 97 97 20990 949 19576 465 133064 77881 55183 15675 15675 134038 134038 54115 54115 Direct Student Expense 305 305 3251 3251 1816410 835922 925004 55484 3376976 2262875 190528 35 43063 0 11024648 0 28144 25373 18899 0 71332 0 14753590 2288283 955938 68 109414 0 7090680 0 2045 0 24123 0 197873 0 8380073 68 X -6370157 2229217 12743674 58998 6373517 2288215 14753590 2288283 X 8281803 -967435 -11399670 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 12625451 884187 8511770 2792827 2205041 15081912 52254 811218 3319933 12625451 16525545 930083 -1271875 1101841 15081912 13202732 1354062 2608060 639309 16525545 12925751 80765 651652 455436 13202732 1.00000 0.00000 0.00000 0 0 0 Part V, Line 4: The endowment funds are used for institutional scholarships and grants and support of college programs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Publicized in all the College's marketing printed material, via the institutions web-pages, Faculty, Staff and Student handbooks, and various bulletin boards on campus. The school operations were ceased in summer 2023. Schedule E, Part I, Line 6 Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. The school operations were ceased on August 4th, 2023. 1 Presentation Sisters- Caminando Juntos 311 E 14th St Sioux Falls SD 57103 460253283 501(c)(3) 19225 0 General Support REACH Program for Literacy 5802 E Virginia Beach Blvd Norfolk VA 23502 541918686 501(c)(3) 10000 0 General Support The Compass Center 1704 S Cleveland Ave Suite 3 Sioux Falls SD 57103 460350199 501(c)(3) 10000 0 General Support Call to Freedom 1800 W 12th St Sioux Falls SD 57104 475469817 501(c)(3) 20000 0 General Support 4 0 Athletic and academic scholarships and grants 19 29428 Part I, Line 2: The College has established programs for each type of scholarship and awards funds according to the parameters of each program and as funding is available. The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. X X 1 1 X 0 0 0 0 0 0 0 0 0 Dr Paula Langteau Fromer President 0 0 0 0 304095 0 4600 0 54991 0 363686 0 0 0 Part I, Line 1a President's housing allowance & President's country club membership, both of which are approved by the Board of Trustees. Part I, Line 4 Dr. Paula Langteau received a severance payment paid in fiscal year ended June 30, 2024. Per the agreement $363,686 was paid. Cash 2024-06-30 60000 Book Value 741159753 Baylor University One Bear Place 97026 Waco TX 767987026 501(c)(3) Cash 2024-06-30 701382 Book Value 237428348 Black Hills State 1200 University St Unit 9506 Spearfish SD 57799 Government Cash 2024-06-30 29414 Book Value 363860861 Lake Area Technical College 1201 Arrow Ave NE Watertown SD 57201 Government Cash 2024-06-30 12946 Book Value 460283336 Mount Marty University 1105 W 8th St Yankton SD 57078 501(c)(3) Cash 2024-06-30 1569573 Book Value 237002314 Northern State University 620 15th Ave SE Aberdeen SD 57401 Government Cash 2024-06-30 2792827 Book Value 460253283 Presentation Sisters 1500 N 2nd St Aberdeen SD 574011238 501(c)(3) Cash 2024-06-30 571483 Book Value 470486481 Roncalli Catholic School 6401 Sorensen Pkwy Omaha NE 68152 501(c)(3) Cash 2024-06-30 28270 Book Value 460273801 South Dakota State University 815 Medary Ave Brookings SD 57006 Government Cash 2024-06-30 5453290 Book Value 420703280 St Ambrose University 518 W Locust St Davenport IA 52803 501(c)(3) Cash 2024-06-30 48959 Book Value 466018891 University of South Dakota 1110 N Dakota St Vermillion SD 57069 Government Cash 2024-06-30 36453 Book Value 237135915 Oglala Lakota College 490 Piya Wiconi Rd Kyle SD 57752 501(c)(3) 0 0 0 0 Form 990, Part III, line 3 The college ceased student services and teaching operations after summer 2023 session. The college continued to finalize and wrap up financial activity into the June 30, 2024 fiscal year. Form 990, Part VI, Section A, line 6 Members of the College are the elected officers of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota as defined by the College's Articles of Incorporation. Form 990, Part VI, Section A, line 7a Four members of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. The members have the authority to appoint two to four people to the Board of Trustees. Form 990, Part VI, Section A, line 7b The members of the organization shall have the authority to take the following actions unilaterally: (a) Appoint two to four people to the Board of Trustees. (b) Remove a Trustee appointed by the Members of this Corporation from the Board of Trustees with or without cause. (c) Require the Board of Trustees to consider or reconsider any action or item within 90 days that the Members have determined to be significant to the Presentation of the Blessed Virgin Mary or Catholic character of this Corporation. (d) Remove any or all of the members of the Board of Trustees as a group and name successor Trustees. (e) Appoint one Member of this Corporation to any presidential search committee The Board of Trustees of the organization may not take the following actions without the approval of the Members of the organization: (a) Appoint the President of the College. (b) Sell, lease, or encumber any real property owned by this Corporation. (c) Purchase real property. (d) Construct new buildings or undertake major renovation of existing buildings. (e) Incur long-term debt in excess of an amount set from time to time by the Members of this Corporation. (f) Make capital expenditures in excess of an amount set from time to time by the Members of this Corporation. (g) Elect new Trustees (h) Adopt or amend the gift policies of this Corporation. Form 990, Part VI, Section A, line 8b Minutes are maintained for all committees however there are no committees with authority to act on behalf of the governing board. While an Executive Committee exists, their responsibilities are advisory in nature. Form 990, Part VI, Section B, line 11b Upon receipt of the completed return, the Board Chair will review the return prior to filing with the Internal Revenue System. Form 990, Part VI, Section B, line 12c The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. Form 990, Part VI, Section B, line 15 President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed annually. Form 990, Part VI, Section C, line 19 These documents are not available to the general public. Form 990, Part IX, line 11g Contracted Services: Program service expenses 33,808. Management and general expenses 169,620. Fundraising expenses 0. Total expenses 203,428. Form 990, Part XI, line 9: Change in Split-Interest Agreements -3,116. Endowment Transfer -11,304,597. Transfer to Presentation Sisters -91,957. Sisters of the Presentation of Blessed Virgin Mary 1500 N 2nd street Aberdeen SD 57401 460253283 Sisters of the PBVM is the College's sponsor organization SD 501(c)(3) Line 1 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0