2022-05-12T09:49:05-05:00 2021-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2020-07-01 460280847 Presentation College PRES 6052298453 1500 North Main Aberdeen SD 57401 Dr Paula Langteau President 6052298453 2022-05-03 1 Dr Paula Langteau 999009999 Lisa Chaffee CPA P00193453 6052258783 2022-05-03 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Paula Langteau 1500 North Main Aberdeen SD 57401 22409324 0 0928 X www.presentation.edu X 1951 SD Challenge learners toward academic excellence and the development of the whole person. 20 20 284 20 0 0 3840938 4943343 13352658 14055989 655899 622465 13214 -40545 17862709 19581252 3560621 4250581 0 0 8215233 7365792 0 0 425358 6332159 6626166 18108013 18242539 -245304 1338713 34799192 36433181 14414541 12583585 20384651 23849596 Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. 0 0 8153173 11793560 Provided educational services at locations in Aberdeen, SD, Fairmont, MN, and online to 525 full-time undergraduate students, 38 part-time undergraduate students, and 31 graduate students in the 2020-2021 school year. 2511155 2243237 Auxiliary enterprises - campus housing, food service, campus store, Dome, and Strode facility 4250581 4250581 Funded and unfunded scholarships and grants 14914909 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 284 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 0 1 1 1 0 MN X David Cannon 6052298453 1500 North Main Aberdeen SD 57401 Terry Helms Board Chair 3.00 X X 0 0 0 Greg Von Wald Board Vice Chair 3.00 X X 0 0 0 Geoff Durst Board Treasurer 3.00 X X 0 0 0 Mary Worlie Board Secretary 3.00 X X 0 0 0 Hal Clemenson Member 2.00 X 0 0 0 Sr Janice Klein Member 2.00 X 0 0 0 Steve Kohles Member 2.00 X 0 0 0 Sr Vicky Larson Member 2.00 X 0 0 0 Justin Feickert Member 2.00 X 0 0 0 Stacy Levsen Member (July-Aug) 2.00 X 0 0 0 Sr Phyllis Gill Member 2.00 X 0 0 0 Marie Morris Member 2.00 X 0 0 0 Sr Patricia Prunty Member 2.00 X 0 0 0 Michael Williams Member 2.00 X 0 0 0 Kathy Zambo Member 2.00 X 0 0 0 Cindy Walsh Member 2.00 X 0 0 0 Kyle Schwan Member 2.00 X 0 0 0 Kelli Fischer Member 2.00 X 0 0 0 Dr Paula Langteau President 40.00 X 225867 0 15139 Dr Daisy Halvorson VP for Finance & Admin. 40.00 X 120000 0 0 Dr Marcus Garstecki - VP for Enrollment Mgmt & Student Affairs 40.00 X 120000 0 0 Dr Diane Duin VP for Academics Affairs (July-May) 40.00 X 138000 0 8486 Dr Sandra Welling - Int Chief Academic Officer/ Dean of Nursing 40.00 X 132600 0 23901 Matthew Blair VP for Advancement 40.00 X 120000 0 8126 856467 0 55652 6 0 1 0 Aramark Chicago Lockbox 1101 Market Street Philadelphia PA 19107 Dining Services 680757 Duenwald Transportation 1214 N Cloud St Clark SD 57225 Transportation 109401 2 237033 2729006 1977304 753581 4943343 Student Tuition/Fees 611600 11812752 11812752 Auxiliary Enterprises 611710 1845036 1845036 Miscellaneous 900099 398201 398201 14055989 322940 322940 41700 0 41700 41700 41700 3015625 520 2715920 700 299705 -180 299525 299525 20670 237033 83723 -63053 -63053 8537 27729 -19192 -19192 19581252 14036797 0 601112 4250581 4250581 341400 341400 5693098 4726307 806102 160689 52166 46007 2793 3366 864929 791672 50285 22972 414199 325507 17770 70922 47433 47433 50968 50968 1228111 869291 307441 51379 186851 56072 93975 36804 309134 258029 34525 16580 1207284 651283 539793 16208 239771 225853 6426 7492 74395 63446 3280 7669 579353 562194 17159 1219203 1204280 13679 1244 219439 121761 97081 597 Direct Student Expense 545453 527579 0 17874 Grant and Restricted Gi 273076 273076 Special Events 153855 153005 850 Bad Debt Expense 142216 142216 149624 82042 56020 11562 18242539 14914909 2902272 425358 1851920 955188 71400 389449 467720 645272 42679 17759 167310 147234 36930343 18408118 19522557 18522225 12466310 15331854 28144 28144 117873 74380 63279 321676 34799192 36433181 845946 983900 932217 660410 10348908 9799867 88822 59593 157075 110557 1885773 500150 155800 469108 14414541 12583585 X 6627922 6779922 13756729 17069674 20384651 23849596 34799192 36433181 X 1338713 2136036 -9804 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 13202732 1354062 2608060 639309 16525545 12925751 80765 651652 455436 13202732 12866865 62135 904089 907338 12925751 12119220 558042 731932 542329 12866865 11704024 273329 1026222 884355 12119220 0.00000 0.62460 0.37540 0 0 25694003 10723994 14970009 6968430 5662127 1306303 4267910 2021997 2245913 18522225 Federal Student Loan Funds 25452 Annuities Payable 119203 Due to Presentation Convent 68766 Operating Lease Liability 255687 469108 X 17424331 2136036 863 -4242852 -2105953 19530284 50968 50968 19581252 13949582 863 76574 77437 13872145 50968 4319426 4370394 18242539 Part IV, Line 2b: The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. Part V, Line 4: The endowment funds are used for institutional scholarships and grants and support of college programs. Part X, Line 2: The College believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the financial statements. The College would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Funded and Unfunded Scholarships and Grants -4,250,581. Loan Cancellation and Loss Provisions -9,428. Costs of Sales Expenses 27,729. Non-Event Direct Benefit to Donors -59,417. Event Expenses included in Revenue 48,845. Part XII, Line 2d - Other Adjustments: Costs of Sales Expenses 27,729. Event Expenses included in Revenue 48,845. Part XII, Line 4b - Other Adjustments: Funded and Unfunded Scholarships and Grants 4,250,581. Loan Cancellation and Loss Provisions 9,428. Non-Event Direct Benefit to Donors 59,417. 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. 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. Finally, the college received a higher education emergency relief fund grant from the US Department of Education as established by the CARES Act. Black & White Ball 216893 209613 7280 22365 200 2212 4545 19523 Golf with Saints 24443 11053 13390 4301 7300 8253 225 6914 1 11368 11368 2586 252704 232034 20670 26666 7500 10465 4770 29023 78424 -57754 1 Athletic and academic scholarships and grants 407 4250581 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 X 0 0 0 0 0 0 0 0 0 Dr Paula Langteau President 225867 0 0 0 0 0 0 0 16945 0 242812 0 0 0 Dr Sandra Welling - Int Chief Academic Officer/ Dean of Nursing 132600 0 0 0 0 0 0 0 25016 0 157616 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. A Brown County South Dakota 466000011 115432AS5 2013-05-30 9979461 Construct New Student Housing and Wellness Center 0 0 0 B City of Aberdeen 466000010 003252BK8 2020-09-22 2550000 Refund the April 30, 2010 Bonds that refunded 1999 bonds 0 0 0 A 2250000 9979461 702521 162039 9121700 2013 0 0 1 1 B 245000 2550000 255000 51000 2244000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 Date Rebate Computation Performed Issuer Name: Brown County, South Dakota Date the Rebate Computation was Performed: 05/22/2018 X 1 715785 Fair Market Value X Miscellaneous noncash contributions for fundraising events 99 37796 Cost or selling pric 0 0 1 0 Part I, Column (b): Number of contributions. Form 990, Part VI, Section A, line 6 Members of the College are the general 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 More than one-half 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. Form 990, Part VI, Section A, line 7b The following board of trustee decisions are subject to the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, SD corporate board approval: (a) To determine the purpose and objectives of the institution(s) under the jurisdiction and control of the Members of the Corporation consistent with the purposes set forth in the Articles of Incorporation and with the activities permitted to be conducted or carried on by an organization exempt under Section 501(c)(3) of the Internal Revenue Code and Regulations as the same exist or as they may hereafter be amended, or by an organization, contributions to which are deductible, under Section 170(c)(2) of such Code and Regulations as the same exist or as they may hereafter be amended; and further consistent with the policy of the Corporation that the purposes and objectives of the institutions under the jurisdiction and control of the Members of the Corporation shall be to serve people without regard to the consideration of sex, color, race, creed, national origin, age, sexual orientation, or handicapped status; and further consistent with the Mission and philosophy of the Presentation Sisters for Presentation College. (b) To assign, refer, or delegate any authority whatsoever of the Members of the Corporation to any person or persons, provided however, that no assignment, referral, or delegation or authority by the Members of the Corporation shall preclude the Members from exercising the authority required to meet the responsibility for the conduct of the institutions under the jurisdiction and control of such Members; and provided further that the Members of the Corporation retain the right to rescind any such assignment, referral or delegation. (c) To amend the Articles of Incorporation or Bylaws of Presentation College as provided herein. (d) To select, appoint or remove the College President, upon appropriate consultation with the Board of Trustees. (e) To approve any Statement of Mission, Purpose or Philosophy of Presentation College. (f) To authorize the commencement of any legal action brought in the name of or on behalf of Presentation College. (g) To review and act upon written recommendations from the Board of Trustees regarding the establishment or deletion of a department or educational program. (h) To receive and act upon the annual budget as submitted by the Board of Trustees. (i) To provide guidelines for the safeguarding and investment of College funds and to approve plans for raising additional funds from sources outside the operating income. (j) To approve grant applications when matching funds are required. To receive and act upon recommendations from the Board of Trustees regarding any single major expenditure exceeding $25,000 or an aggregate total of $50,000 or more, not included in the budget. To approve unbudgeted contractual agreements for purchases services over $25,000. (k) To appoint and approve such consultants as from time to time the Members of the Corporation may deem necessary. (1) To provide the physical plant; to approve all structural changes in and expansion of the physical plant and construction of new buildings. (m) To receive and act upon all acquisitions, transfers, encumbrances or alienations of property in accordance with Canon Law of the Roman Catholic Church. (n) To select, appoint or remove as members of the Board of Trustees of the College, members of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. (o) To remove any lay Trustee of the Board by a majority vote of the Members of the Corporation. Such removal shall be effective upon written notice to the removed member of the Board of Trustees. (p) To attend the annual meeting of the Board of Trustees. (q) To receive, in an expeditious manner, the agenda, exhibits and minutes of the meetings of the Board of Trustees or the committees thereof. 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 finance department will review the return prior to signature by the President. 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 XI, line 9: Change in Split-Interest Agreements -9,804. 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 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0