CARDINAL STRITCH UNIVERSITY INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CARDINAL STRITCH UNIVERSITY INC (EIN 39-0806196)
- Tax period
- 2023-08-01 to 2024-07-31
- Filed
- 2025-02-10
- IRS object ID
- 202500419349302205
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-10T16:29:42-06:00 | ReturnTs |
| Tax Period End | 2024-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10401 W INNOVATION DR STE 300 | AddressLine1Txt |
| City | WAUWATOSA | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53226 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390806196 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARDINAL STRITCH UNIVERSITY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CARD | BusinessNameControlTxt |
| Phone | 4144104000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6801 NORTH YATES RD | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 532173985 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL J SCHOLZ | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4144104000 | PhoneNum |
| Signature | 2025-02-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KRISTEN DONLEVY | PreparerPersonNm |
| PTIN | P01670215 | PTIN |
| Phone | 4144761880 | PhoneNum |
| Preparation | 2025-02-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANIEL J SCHOLZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6801 NORTH YATES RD | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 532173985 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,477,166 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0928 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.STRITCH.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 462 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,084,741 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,269 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,862,073 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $9,891 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,124,781 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,139,862 | CYInvestmentIncomeAmt |
| PY Other Revenue | $969,598 | PYOtherRevenueAmt |
| CY Other Revenue | $3,326,144 | CYOtherRevenueAmt |
| PY Total Revenue | $34,041,193 | PYTotalRevenueAmt |
| CY Total Revenue | $4,477,166 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,731,749 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $23,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,498,574 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,564,153 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,591,087 | PYOtherExpensesAmt |
| CY Other Expenses | $968,504 | CYOtherExpensesAmt |
| PY Total Expenses | $35,821,410 | PYTotalExpensesAmt |
| CY Total Expenses | $2,556,157 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,780,217 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,921,009 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $28,982,317 | TotalAssetsBOYAmt |
| Total Assets EOY | $26,931,997 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,676,769 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $619,932 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $24,305,548 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,312,065 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $2,410,841 | ExpenseAmt |
| Grant | $23,500 | GrantAmt |
| Revenue | $9,891 | RevenueAmt |
| Desc | CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND RUTH S. COLEMAN COLLEGE OF NURSING & HEALTH SCIENCES. | Desc |
| Total Program Service Expenses | $2,410,841 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 44 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 462 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL SCHOLZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4144104000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6801 N YATES ROAD | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53217 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| DANIEL J SCHOLZ PHD | ||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARY T KELLNER PHD | ||||||
| BOT CO-CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GERARD RANDALL | ||||||
| BOT CO-CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RAYMOND ALLEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LISA BANGERT-BALISTRERI | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TIA BOJAR PHD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARIANNE BURISH | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SISTER ANGELYN DRIES | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MOST REVEREND JEFFREY R HAINES | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY HEMBROCK | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL HOSTAD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BERDIE COWSER PHD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| THELMA A SIAS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GREG KABARA PHD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BECKY PINTER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TONY SHIELDS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TOM TUTTLE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOURCE ONE | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1223 W NATIONAL AVE | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | IT CONSULTING | ServicesDesc |
| Compensation | $195,473 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,269 | AllOtherContributionsAmt |
| Total Contributions | $1,269 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION, FEES AND PRIVATE LESSONS | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $9,891 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,891 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,891 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,131,232 | TotalRevenueColumnAmt |
| Exclusion | $1,131,232 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $8,630 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $8,630 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,630 | TotalRevenueColumnAmt |
| Exclusion | $8,630 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| REMEASUREMENT OF ASSETS AND LIABI | 900099 | $3,088,330 | $3,088,330 |
| OTHER SOURCES | 900099 | $237,814 | $237,814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,326,144 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,477,166 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,891 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,466,006 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,500 | TotalAmt |
| Program Services | $23,500 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,458,772 | TotalAmt |
| Program Services | $1,458,772 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,381 | TotalAmt |
| Program Services | $105,381 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,113 | TotalAmt |
| Management And General | $39,113 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,397 | TotalAmt |
| Management And General | $98,397 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,572 | TotalAmt |
| Management And General | $8,572 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $408,447 | TotalAmt |
| Program Services | $409,213 | ProgramServicesAmt |
| Management And General | -$766 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,571 | TotalAmt |
| Program Services | $6,571 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,027 | TotalAmt |
| Program Services | $318,027 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433 | TotalAmt |
| Program Services | $433 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,184 | TotalAmt |
| Program Services | $233,184 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| OTHER TAXES | $156,738 | $156,738 |
| TUITON REMISSION | $16,439 | $16,439 |
| MISCELLANEOUS | $586 | $586 |
| BAD DEBT EXPENSE | -$318,003 | -$318,003 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,556,157 | TotalAmt |
| Program Services | $2,410,841 | ProgramServicesAmt |
| Management And General | $145,316 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,143,360 | BOYAmt |
| EOY | $23,860,601 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,609 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,426,755 | BOYAmt |
| EOY | $6,245,166 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,863 | BOYAmt |
| EOY | $75,892 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,730 | BOYAmt |
| EOY | -$3,249,662 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,982,317 | BOYAmt |
| EOY | $26,931,997 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,434,191 | BOYAmt |
| EOY | $573,159 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,266 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,312 | BOYAmt |
| EOY | $44,446 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,327 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,676,769 | BOYAmt |
| EOY | $619,932 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,654,491 | BOYAmt |
| EOY | $10,739,999 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,651,057 | BOYAmt |
| EOY | $15,572,066 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,305,548 | BOYAmt |
| EOY | $26,312,065 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,982,317 | BOYAmt |
| EOY | $26,931,997 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,921,009 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $85,508 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,975,037 | BeginningYearBalanceAmt |
| Contributions | $57 | ContributionsAmt |
| Investment Earnings Or Losses | $1,131,232 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $8,572 | OtherExpendituresAmt |
| End Year Balance | $14,097,754 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,809,203 | BeginningYearBalanceAmt |
| Contributions | $16,270 | ContributionsAmt |
| Investment Earnings Or Losses | -$114,119 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $736,317 | OtherExpendituresAmt |
| End Year Balance | $12,975,037 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,653,757 | BeginningYearBalanceAmt |
| Contributions | $417,294 | ContributionsAmt |
| Investment Earnings Or Losses | $477,187 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $739,035 | OtherExpendituresAmt |
| End Year Balance | $13,809,203 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,499,997 | BeginningYearBalanceAmt |
| Contributions | $347,944 | ContributionsAmt |
| Investment Earnings Or Losses | $4,619,953 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,814,137 | OtherExpendituresAmt |
| End Year Balance | $13,653,757 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,264,311 | BeginningYearBalanceAmt |
| Contributions | $78,974 | ContributionsAmt |
| Investment Earnings Or Losses | $970,510 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,813,798 | OtherExpendituresAmt |
| End Year Balance | $12,499,997 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.40000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.60000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO OTHER FUNDS | Desc |
| Amt | $2,327 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,327 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE UNIVERSITY SERVES AS A CUSTODIAN OF CASH HELD FOR STUDENT ORGANIZATIONS, SECURITY DEPOSITS FOR RESIDENCE HALL ACCOMMODATIONS, ADVANCE PAYMENTS FOR STUDENT CHARGES, AND FUNDS FROM THE FEDERAL GOVERNMENT FOR THE PURPOSE OF OFFERING PERKINS LOANS TO STUDENTS. FUNDS FOR STUDENT ORGANIZATIONS ARE DISBURSED ON BEHALF OF THE STUDENT ORGANIZATIONS BASED ON REQUISITIONS APPROVED BY THE DEAN OF STUDENTS WHO OVERSEES THE STUDENT ORGANIZATIONAL ACTIVITY. SECURITY DEPOSITS ARE RETURNED TO STUDENTS OR LOST BY STUDENTS BASED ON THE INSPECTION OF RESIDENT HALL FACILITIES WHEN STUDENTS MOVE OUT. ADVANCE PAYMENTS FROM STUDENTS ARE RECOGNIZED AS REVENUE WHEN STUDENTS TAKE COURSES OR ARE REFUNDED TO STUDENTS IF THEY ELECT TO UNENROLL FROM THEIR COURSES WITHIN THE ALLOWABLE REGISTRATION PERIOD. THE FUNDS DUE TO THE FEDERAL GOVERNMENT WILL BE RETURNED ONLY IF THE PERKINS LOAN PROGRAM IS CANCELLED OR THE UNIVERSITY ELECTS TO STOP PARTICIPATING IN THE PROGRAM. THE UNIVERSITY IS REQUIRED TO HAVE STUDENTS THAT TAKE OUT EDUCATIONAL LOANS GO THROUGH AN ENTRANCE AND EXIT CREDIT COUNSELING PROCESS. |
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | 0 | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY IS NO LONGER ACTIVELY ACCEPTING STUDENTS AND DID NOT LIST IT'S NONDISCRIMINATION POLICY IN ANY PUBLIC MEDIA. THE UNIVERSITY DID FOLLOW THEIR NONDISCRIMINATION POLICY EVEN THOUGH THEY DID NOT MEET THE PUBLICITY REQUIREMENT. |
| SCHEDULE E, PART I, LINE 6 | STUDENTS RECEIVING GRANTS AND LOANS THROUGH FEDERAL, STATE, AND INSTITUTIONAL SOURCES ARE AWARDED BASED UPON FEDERAL GUIDELINES FOR TITLE IV FUNDING. STUDENTS RECEIVING GRANTS AND LOANS FROM OTHER SOURCES ARE AWARDED BASED UPON THE GUIDELINES PROVIDED BY THE MAKER OF THOSE FUNDS, WHICH ARE NOT IN VIOLATION OF ANY FEDERAL OR STATE GUIDELINES. |
| SCHEDULE E, PART I, LINE 7 | THE UNIVERSITY IS NO LONGER ACTIVELY ACCEPTING STUDENTS AND DID NOT LIST IT'S NONDISCRIMINATION POLICY IN ANY PUBLIC MEDIA. THE UNIVERSITY DID FOLLOW THEIR NONDISCRIMINATION POLICY EVEN THOUGH THEY DID NOT MEET THE PUBLICITY REQUIREMENT. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL AID & SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | GrantTypeTxt |
| Recipient | 50 | RecipientCnt |
| Cash Grant | $23,500 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY PROVIDES INSTITUITIONAL AID TO STUDENTS MAINTAINING ENROLLMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | THE ORGANIZATION IS IN THE PROCESS OF CLOSING AND AS SUCH THEY DID NOT HAVE UNDERGRADUATE CLASSES THIS YEAR. |
| FORM 990, PART VI, SECTION A, LINE 1A | EXECUTIVE COMMITTEE: THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF THREE OR MORE DIRECTORS, TO THE EXTENT PROVIDED IN THE BY-LAWS, WHICH SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE POWERS OF SAID BOARD IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, EXCEPT ACTION WITH RESPECT TO ELECTION OR REMOVAL OF OFFICERS OR DIRECTORS. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON AND VICE-CHAIRPERSONS OF THE BOARD, THE PRESIDENT OF THE CORPORATION, THE CHAIRPERSON OF EACH OF THE STANDING COMMITTEES AND THE IMMEDIATE PAST CHAIRPERSON (IF STILL A BOARD MEMBER) AND A SISTER OF ST. FRANCIS OF ASSISI (CURRENTLY SERVING AS A DIRECTOR), IF NONE OF THE ABOVE. THE BOARD MAY ELECT ONE OR MORE DIRECTORS AS ALTERNATE MEMBERS OF SAID COMMITTEE, WHO MAY TAKE THE PLACE OF AN ABSENT MEMBER AT A MEETING OF SAID COMMITTEE. THE DESIGNATION OF SUCH COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS OR ANY INDIVIDUAL DIRECTOR OF ANY RESPONSIBILITY IMPOSED UPON IT OR HIM OR HER BY LAW. ADDITIONAL COMMITTEES: ADDITIONAL STANDING OR AD HOC COMMITTEES MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS AS THE NEEDS OF THE CORPORATION SO REQUIRE. THE DUTIES AND FUNCTIONS OF ANY AND ALL COMMITTEES SHALL BE AS ESTABLISHED BY THE BOARD OF DIRECTORS IN THE RESOLUTION SO CREATING THE COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE UNIVERSITY ORGANIZING STRUCTURE CONSISTS OF MEMBERS AND A BOARD OF TRUSTEES. MEMBERS HAVE ADDITIONAL RIGHTS AND AUTHORITY ABOVE THOSE OF THE BOARD OF TRUSTEES AS DEFINED IN THE RESPONSE TO 990 PART VI LINES 7(A)-7(B). |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS HAVE THE ABILITY TO APPOINT AND REMOVE THE DIRECTORS AND THE PRESIDENT OF THE CORPORATION, INCLUDING THE RIGHT TO ACCEPT OR REJECT THE RECOMMENDATION BY THE BOARD OF DIRECTORS FOR APPOINTMENT OR REMOVAL OF DIRECTORS AND THE PRESIDENT. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS HAVE THE RIGHT TO REVIEW AND APPROVE SIGNIFICANT CHANGES IN STATEMENTS OF CORPORATE MISSION, PHILOSOPHY, OR PURPOSE; REVIEW, ADOPT, AMEND AND APPROVE THE CORPORATION'S RESTATED ARTICLES OF INCORPORATION, RESTATE BYLAWS, AND ANY PROPOSAL OR PLAN FOR MERGER, CONSOLIDATION OR DISSOLUTION; REVIEW APPROVE OR DISAPPROVE ANY LONG-TERM LEASE (5 YEARS OR LONGER), SALE OF REAL PROPERTY OR SUBSTANTIALLY ALL OF THE PERSONAL PROPERTY OWNED BY THE CORPORATION AND IN THAT REGARD, DETERMINE WHETHER SUCH SALE CONSTITUTES ALIENATION OF ROMAN CATHOLIC CHURCH PROPERTY OR AN ACT OF EXTRAORDINARY ADMINISTRATION SUBJECT TO CANON LAW OF THE ROMAN CATHOLIC CHURCH, IN WHICH CASE THE MEMBERS SHALL BE RESPONSIBLE FOR SEEKING SUCH APPROVALS AS MAY BE NECESSARY IN CONNECTION THEREWITH; REVIEW APPROVE OR DISAPPROVE ANY UNBUDGETED EXPENDITURE IN EXCESS OF $100,000.00, ANY UNSECURED BORROWING IN EXCESS OF $100,000.00, AND ANY BORROWING WHICH IS TO BE SECURED BY A MORTGAGE OR OTHER INTEREST IN REAL PROPERTY OWNED BY THE CORPORATION, REGARDLESS OF THE AMOUNT; REVIEW, APPROVE OR DISAPPROVE MAJOR POLICY DECISIONS THAT WOULD AFFECT THE VERY PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED; REVIEW, APPROVE OR DISAPPROVE ACCEPTANCE OF ANY CHARITABLE CONTRIBUTION WHICH IMPOSES A MATERIAL OBLIGATION ON THE SPONSORING ENTITY, THE SISTERS OF ST. FRANCIS OF ASSISI; REVIEW, APPROVE OR DISAPPROVE ANY PROPOSAL FOR CREATION OF ANY SUBSIDIARY CORPORATION; REJECT OR REPLACE THE INDEPENDENT AUDITOR AND ATTORNEYS RECOMMENDED OR RETAINED BY THE CORPORATION AND TO SELECT ALTERNATIVE REPRESENTATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, PER UNIVERSITY POLICY, A DRAFT IS REVIEWD BY THE MEMBERS OF THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WHO PROVIDE COMMENTS AND QUESTIONS ON ITS CONTENT PRIOR TO FILING THE RETURN. THE FORM 990 IS THEN SENT TO ALL BOARD DIRECTORS TO REVIEW BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE UNIVERSITY REVIEWS ITS CONFLICT OF INTEREST POLICY ANNUALLY AND REQUIRES OFFICERS, TRUSTEES, AND KEY EMPLOYEES TO COMPLETE AND SUBMIT A SIGNED FORM ANNUALLY. OFFICERS ARE REQUIRED TO CONTACT THE UNIVERSITY IF A CHANGE OCCURS AFFECTING THEIR CONFLICT OF INTEREST STATEMENT AND IF SO, OFFICERS ARE REQUIRED TO DISCLOSE AND RESIGN A NEW STATEMENT. IF A CONFLICT IS IDENTIFIED, THE NATURE OF THE CONFLICT IS RECORDED. SUBSEQUENT ACTIONS DEPEND ON THE CONFLICT AND ITS RELEVANCE TO THE ACTIVITY BEFORE THE BOARD. THE PERSON WITH THE CONFLICT ABSTAINS FROM VOTING ON THE MATTERS THAT DIRECTLY RELATE TO THE CONFLICT. THE SECRETARY IS RESPONSIBLE FOR MAINTAINING THE RECORD OF EXISTING CONFLICTING RELATIONSHIPS. THE TRUSTEE IS RESPONSIBLE FOR REPORTING CONFLICTS TO THE PRESIDENT, BOARD CHAIR, AND COMMITTEE CHAIR, WHEN APPROPRIATE, ANY CONFLICTS REGARDING SPECIFIC SUBJECTS BEING DISCUSSED BY THE BOARD. THE MINUTES INCLUDING THOSE DISCUSSIONS WOULD INCLUDE THE DISCLOSURE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE UNIVERSITY UTILIZES THE SERVICES OF AN INDEPENDENT CONSULTANT AND REVIEWS SALARY/COMPENSATION SURVEY DATA (WAICU & CUPA) FOR PEER INSTITUTIONS IN THE DETERMINATION OF COMPENSATION FOR THE PRESIDENT. THE SURVEY DATA PROVIDES INFORMATION ON ALL THE KEY LEADERSHIP POSITIONS AND OFFICERS. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE DATA AND APPROVING COMPENSATION FOR THE PRESIDENT. MINUTES ARE TAKEN AT ALL TRUSTEE MEETINGS. ALL OFFICERS AND KEY EMPLOYEES REPORTING TO THE PRESIDENT, HAVE THEIR COMPENSATION SET BY THE PRESIDENT AS PART OF THE ANNUAL BUDGETING PROCESS. DATA FROM ANNUAL SALARY/COMPENSATION SURVEY (WAICU & CUPA) FOR PEER INSTITUTIONS IS UTILIZED IN DETERMINING THE AMOUNT OF COMPENSATION. THE ANNUAL BUDGET IS APPROVED BY THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND BY THE FULL BOARD OF TRUSTEES. MINUTES ARE TAKEN AT ALL TRUSTEE MEETINGS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | GENERALLY DOCUMENTS MAY BE PROVIDED TO POTENTIAL OR EXISTING DONORS AND GRANTING AGENCIES UPON THEIR REQUEST. THE 990 IS AVAILABLE UPON REQUEST AND PAPER COPIES OR ELECTRONIC COPIES ARE SENT TO REQUESTERS. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 409,213. MANAGEMENT AND GENERAL EXPENSES -766. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 408,447. |
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