2022-05-12T09:55:10-05:00 2021-06-30 390859910 BAKER TILLY US LLP 225 S 6TH STREET STE 2300 MINNEAPOLIS MN 55402 990 2020-07-01 941156599 SAINT MARY'S COLLEGE OF CALIFORNIA SAIN 9256314571 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 SUSAN COLLINS VP FOR FINANCE & ADMINISTRATIO 9256314571 2022-04-15 1 SUSAN COLLINS XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128264500 2022-05-11 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES A DONAHUE 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 483352902 0 X WWW.STMARYS-CA.EDU X 1863 CA AN INSTITUTION OF HIGHER EDUCATION THAT GRANTS ASSOCIATE, BACCALAUREATE, AND MASTERS DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS ADMINISTRATION AND EDUCATION, AS WELL AS A DOCTORATE IN EDUCATION. 29 26 1929 28 -14485 0 10205280 11847339 170840614 157081058 12108367 21040649 1605342 1286683 194759603 191255729 58460463 60769417 0 0 85222474 77821724 0 0 3137255 45139504 40133191 188822441 178724332 5937162 12531397 346418383 388767546 100369032 97680698 246049351 291086848 X SAINT MARY'S COLLEGE OF CALIFORNIA INVITES YOU TO PASSIONATELY EMBRACE KNOWLEDGE, THE CHALLENGES OF SCHOLARSHIP, AND THE CAPACITY TO MAKE LASTING CHANGE IN THE WORLD. THE FOUNDATION FOR THIS IS OUR MISSION. TO PROBE DEEPLY THE MYSTERY OF EXISTENCE BY CULTIVATING THE WAYS OF KNOWING AND THE ARTS OF THINKING. TO AFFIRM AND FOSTER THE CHRISTIAN UNDERSTANDING OF THE HUMAN PERSON WHICH ANIMATES THE EDUCATIONAL MISSION OF THE CATHOLIC CHURCH. TO CREATE A STUDENT-CENTERED EDUCATIONAL COMMUNITY WHOSE MEMBERS SUPPORT ONE ANOTHER WITH MUTUAL UNDERSTANDING AND RESPECT. 0 0 156396381 60769417 157081058 HIGHER EDUCATION: INSTRUCTION, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY, ART MUSEUM, RESIDENCE HALLS, DINING, INTERCOLLEGIATE ATHLETICS FOR OVER 3,700 STUDENTS. 156396381 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 1 190 0 1 1929 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 26 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO MD X GINA ARMSTRONG-SMITH 9256314123 1928 ST MARYS RD PMB 4200 MORAGA CA 94575 RANDALL BENNETT HEAD COACH - MEN BASKETBALL 40.00 X 867719 0 79930 JAMES DONAHUE PRESIDENT 40.00 X X 374259 0 33985 MICHAEL MATOSO VICE PRESIDENT FOR ATHLETICS 40.00 X 296185 0 55500 SUSAN COLLINS VP FOR FINANCE & ADMINISTRATION 40.00 X 292146 0 34513 MARGARET KASIMATIS PROVOST & SR. VICE PRESIDENT 40.00 X 281518 0 31696 ELIZABETH DAVIS DEAN, SCHOOL OF ECON & BUSINESS 40.00 X 278153 0 25442 SANKARAN VENKATESWAR ASSOCIATE PROFESSOR 40.00 X 251228 0 17271 SHEILA HUGHES DEAN, SCHOOL OF LIBERAL ARTS 40.00 X 198364 0 39044 WILLIAM MULLEN VICE PROVOST FOR ENROLLMEN 40.00 X 201602 0 32891 CAROL ANN GITTENS DEAN, SCHOOL OF EDUCATION 40.00 X 182368 0 49625 CAROLYN OTIS CATANZARO ASST VICE PRESIDENT, ADVANCEMENT 40.00 X 174808 0 34847 LISA MOORE FORMER VICE PRESIDENT FOR ADVANCE 40.00 X 142680 0 15744 KEVIN NAGLE CHAIR 1.00 X X 0 0 0 KIMBERLY VOGEL VICE CHAIR 1.00 X X 0 0 0 ELIZABETH PHELAN SECRETARY 1.00 X X 0 0 0 BROTHER BERNARD LOCOCO TRUSTEE 1.00 X 0 0 0 BROTHER CHARLES HILKEN TRUSTEE/PROFESSOR 40.00 X 0 0 0 BROTHER DAVID CARETTI TRUSTEE 1.00 X 0 0 0 BROTHER DONALD JOHANSON TRUSTEE 1.00 X 0 0 0 BROTHER GUSTAVO RAMIREZ TRUSTEE 1.00 X 0 0 0 BROTHER JAMES GAFFNEY FSC TRUSTEE 1.00 X 0 0 0 BROTHER MICHAEL O'HERN TRUSTEE 1.00 X 0 0 0 CHARLES MOORE TRUSTEE 1.00 X 0 0 0 DAVID KENNEY TRUSTEE 1.00 X 0 0 0 DENNIS MEISS TRUSTEE 1.00 X 0 0 0 ERIC FLOWERS TRUSTEE 1.00 X 0 0 0 JOHN M ARNAUDON TRUSTEE 1.00 X 0 0 0 JOSEPH MOTTA TRUSTEE 1.00 X 0 0 0 KARL BEUTNER TRUSTEE 1.00 X 0 0 0 KEVIN CASEY EICHLER TRUSTEE 1.00 X 0 0 0 KEVIN FLYNN TRUSTEE 1.00 X 0 0 0 MARGARET FRENCH ISAAC TRUSTEE 1.00 X 0 0 0 MARK MADGETT TRUSTEE 1.00 X 0 0 0 MICHAEL BRISBIN TRUSTEE 1.00 X 0 0 0 MICHAEL ZUMBO TRUSTEE 1.00 X 0 0 0 MICHELLE PERRY HIGGINS TRUSTEE 1.00 X 0 0 0 SHARON SANNER MUIR TRUSTEE 1.00 X 0 0 0 SHIRLEY GEE TRUSTEE 1.00 X 0 0 0 SONG WOO TRUSTEE 1.00 X 0 0 0 TIMOTHY MCCAFFERY TRUSTEE 1.00 X 0 0 0 3541030 0 450488 159 1 1 0 GLOBAL POWER SUPPLY 136 W CANON PERIDIO ST STE 200 SANTA BARBARA CA 93101 POWER EQUIPMENT PROVIDER 2472642 CAL MILL EQUIPMENT 425 CALIFORNIA ST STE 220 SAN FRANCISCO CA 94104 CONSTRUCTION 2407000 SODEXO INC FOOD SERVICE MANAGEMENT NO 43283 LOS ANGELES CA 90088 CATERING/FOOD SERVICE 2225139 ABLE BUILDING MAINTENANCE CO DEPT 34651 PO BOX 39000 SAN FRANCISCO CA 94139 JANITORIAL 2166804 LABOR UNLIMITED INC 4505 DISCOVERY POINT DISCOVERY BAY CA 94505 ELECTRICAL WORK 1380903 54 155662 11691677 632521 11847339 TUITION AND FEES 541900 140956241 140956241 AUXILIARY INCOME 611710 8723356 8723356 GRANT AND CONTRACT REVENUE 541900 6209089 6209089 OTHER PROGRAM SERVICE REVENUE 611710 627600 627600 ATHLETICS 711210 564772 564772 157081058 5221625 -14485 5236110 1001609 1001609 107954 8796 99158 99158 99158 307836614 292017590 15819024 15819024 15819024 208253 155662 45701 162552 162552 48450 25086 23364 23364 191255729 157081058 -14485 22341817 60769417 60769417 2888475 1212531 1469378 206566 60043907 50527170 7437873 2078864 1274870 1072808 157923 44139 9219738 8159477 759145 301116 4394734 3698185 544393 152156 169934 169934 192006 192006 1061144 1061144 6366418 5607747 680546 78125 1484319 1010020 385070 89229 1027063 568724 367017 91322 3588307 1751837 1834109 2361 7740414 6322265 1410400 7749 3308407 3241055 55920 11432 2488155 1957858 530297 6897052 5891728 1005324 2014174 1420354 593820 MISCELLANEOUS 3795798 3185205 536397 74196 178724332 156396381 19190696 3137255 14631575 16357311 7008256 7431430 2363844 4020119 1067979 792168 1706620 1906447 265326716 137511005 128236371 127815711 167128613 187984911 23883230 41802852 391895 656597 346418383 388767546 9991173 14326331 8127209 5297140 54635855 53229153 2362573 27614795 22465501 100369032 97680698 X 92093473 103576123 153955878 187510725 246049351 291086848 346418383 388767546 X 12531397 27624206 4881894 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 178391445 3703601 47778754 14069374 215804426 181276465 2869687 3245367 9000074 178391445 179958859 2235243 7579481 8497118 181276465 176881118 2343267 10653460 7518987 2500000 179958859 162260055 3244347 21619403 7742687 2500000 176881118 0.22570 0.53750 0.23680 0 0 1336000 1336000 216970256 112264426 104705830 18219191 9280037 8939154 19831631 15125778 4705853 8969638 840764 8128874 127815711 REAL ESTATE 4763 F INVESTMENTS IN PARTNERSHIPS 41798089 F 41802852 FEDERAL GOVERNMENT GRANTS REFUNDABLE 871895 LIABILITY UNDER TRUST AGREEMENTS 1999225 ASSET RETIREMENT OBLIGATIONS 2586169 POST RETIREMENT BENEFITS PAYABLE 883208 INTEREST RATE SWAP PAYABLE 16125004 22465501 X 163264000 27624206 -54554791 -26930585 190194585 1061144 1061144 191255729 118226000 0 118226000 1061144 59437188 60498332 178724332 PART III, LINE 1A: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH, OR PUBLIC EXHIBITION RATHER THAN FOR SALE, ARE NOT RECOGNIZED OR CAPITALIZED. SIGNIFICANT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NOT HELD AS A PART OF A COLLECTION ARE RECORDED AS REVENUE AND ASSETS AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF RECEIPT BASED UPON APPRAISALS OR SIMILAR VALUATIONS. PART III, LINE 4: THE MUSEUM'S MISSION IS TO PLAY A LEADING ROLE AT SAINT MARY'S COLLEGE IN ADVANCING ACADEMIC EXCELLENCE IN AND GREATER COLLABORATION WITH THE ARTS THROUGH DEEP ENGAGEMENT AMONG OUR STUDENTS, FACULTY, STAFF, ALUMNI, DONORS, MEMBERS, AND THE GREATER BAY AREA ARTS COMMUNITY. PART V, LINE 4: THE INTENDED USES FOR THE COLLEGE'S ENDOWMENT FUNDS INCLUDE SCHOLARSHIPS, SUPPORT OF ACADEMIC PROGRAMS, AND FACULTY DEVELOPMENT. PART X, LINE 2: THE COLLEGE QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION ON RELATED SOURCES OF INCOME. THE COLLEGE IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME AND AN APPROPRIATE PROVISION FOR ANY SUCH TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 463,922. UNREALIZED GAIN/LOSS ON INTEREST RATE EXCHANGE 4,417,972. FINANCIAL AID AWARDS -59,437,094. ROUNDING 409. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 59,437,094. ROUNDING 94. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE REGULARLY ADVERTISES ITS PROGRAMS AND POSITIONS AVAILABLE AT THE COLLEGE IN NEWSPAPERS. THESE ADVERTISEMENTS ALWAYS CONTAIN LANGUAGE PUBLICIZING OUR RACIAL NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE UNITED STATES DEPARTMENT OF EDUCATION IN CONNECTION WITH STUDENT AID PROGRAMS UNDER TITLE IV (FEDERAL WORK STUDY, PELL GRANTS, SEOG) AS WELL AS NATIONAL SCIENCE AND MATHEMATICAL ACCESS TO RETAIN TALENT GRANTS, ACADEMIC COMPETITIVENESS GRANTS, AND PERKINS LOANS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 22791913 0 0 0 0 0 0 22791913 0 22791913 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL. PART III ACCOUNTING METHOD: PART IV, LINE 1: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE AN ADDITIONAL 8621. PART IV, LINE 5: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS AND FILED THE REQUIRED FORMS 8865 FOR THE TAX YEAR. X X X X X X X 0 CA AK AL AR GA HI KS KY LA ME MN MO MS NH NJ NM NC ND OH OK PA RI SC TN UT WI WV DE ID IN IA MT NE NV SD TX VT CT WY IL OR AZ GAEL GOLF CLASSIC 221541 91800 129741 3373 14660 6353 5061 5747 FIRST PITCH DINNER 65263 37433 27830 1643 4 77111 26429 50682 820 1750 6294 363915 155662 208253 4193 14660 6353 6811 13684 45701 162552 48450 20000 5086 0 48450 20000 5086 25086 23364 CA 0 THE ORGANIZATION IS EXEMPT FROM REGISTRATION PER CALIFORNIA STATE LAW. 0 0 0 1.00000 0.00000 SUSAN HOOKS 1928 ST MARYS ROAD PMB 3554 MORAGA CA 94575 0 SUSAN HOOKS PART OF HER ROLE AS ASSISTANT CONTROLLER FOR THE COLLEGE, S. HOOKS OVERSEES THE ACCOUNTING OF THE GAMING EVENTS HELD BY THE COLLEGE ADVANCEMENT OFFICE. X 0 1 STUDENT SCHOLARSHIPS 2537 59437094 N/A N/A EMERGENCY GRANTS TO STUDENTS 1017 1295000 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE HAS A SET OF CRITERIA BY WHICH COLLEGE AID IS AWARDED TO STUDENTS. THE FINANCIAL AID OFFICE MAINTAINS RECORDS OF ALL STUDENT AID AWARDED AND SUBSTANTIATION FOR THE AWARDS. PART III, EMERGENCY GRANTS TO STUDENTS: EMERGENCY GRANTS TO STUDENTS REPRESENTS THE HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT FOR DIRECT DISTRIBUTION TO STUDENTS. X 1 0 X X X 1 0 0 0 0 0 0 0 0 RANDALL BENNETT HEAD COACH - MEN BASKETBALL 862104 0 0 0 5615 0 35755 0 44175 0 947649 0 0 0 JAMES DONAHUE PRESIDENT 320137 0 0 0 54122 0 13843 0 20142 0 408244 0 0 0 MICHAEL MATOSO VICE PRESIDENT FOR ATHLETICS 248482 0 10000 0 37703 0 8575 0 46925 0 351685 0 0 0 SUSAN COLLINS VP FOR FINANCE & ADMINISTRATION 281307 0 0 0 10839 0 11613 0 22900 0 326659 0 0 0 MARGARET KASIMATIS PROVOST & SR. VICE PRESIDENT 277802 0 0 0 3716 0 11561 0 20135 0 313214 0 0 0 ELIZABETH DAVIS DEAN, SCHOOL OF ECON & BUSINESS 275906 0 0 0 2247 0 11114 0 14328 0 303595 0 0 0 SANKARAN VENKATESWAR ASSOCIATE PROFESSOR 131254 0 0 0 119974 0 10025 0 7246 0 268499 0 0 0 SHEILA HUGHES DEAN, SCHOOL OF LIBERAL ARTS 198109 0 0 0 255 0 8369 0 30675 0 237408 0 0 0 WILLIAM MULLEN VICE PROVOST FOR ENROLLMEN 201347 0 0 0 255 0 8515 0 24376 0 234493 0 0 0 CAROL ANN GITTENS DEAN, SCHOOL OF EDUCATION 181273 0 0 0 1095 0 7088 0 42537 0 231993 0 0 0 CAROLYN OTIS CATANZARO ASST VICE PRESIDENT, ADVANCEMENT 144322 0 0 0 30486 0 7494 0 27353 0 209655 0 0 0 LISA MOORE FORMER VICE PRESIDENT FOR ADVANCE 97596 0 0 0 45084 0 11903 0 3841 0 158424 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED HOUSING ALLOWANCES TO THREE PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. THE THREE PERSONS INCLUDE JAMES DONAHUE, MICHAEL MATOSO, AND COREY COOK. THESE AMOUNTS ARE REFLECTED IN COLUMN (B)(III) OF SCHEDULE J, PART II. PART I, LINE 4A LISA MOORE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $42,924.46 DURING 2020. IT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)III OF THE FORM 990, SCHEDULE J. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178J98 2019-10-02 56275000 SEE SCHEDULE K, PART VI 1 1 0 A 56275000 56275000 2009 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 1 1 BANK OF NY MELLON 23.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/26/2011 SCHEDULE K, PART I, A: TAX DETERMINED RE-ISSUANCE OF SERIES 2007 BONDS. SCHEDULE K, PART IV, 2C: THE REBATE CALCULATION WAS MADE OCTOBER 26, 2011 AND DETERMINED THAT THERE WAS NO LIABILITY. IN THE SUBSEQUENT 'TAX DETERMINED RE-ISSUANCES", NO ADDITIONAL PROCEEDS HAVE BEEN RECEIVED, SO THIS REPORT IS THE FINAL REPORT FOR THE REBATE CALCULATION. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 315658 BROTHER DONALD JOHANSON SERVES AS PRESIDENT OF THE DE LA SALLE INSTITUTE AND BY RIGHT OF OFFICE IS A MEMBER OF SAINT MARY'S COLLEGE OF CALIFORNIA'S BOARD OF TRUSTEES. THE COLLEGE REMITS PAYMENTS TO THE DE LA SALLE INSTITUTE FOR THE SUPPORT OF THE BROTHERS ASSIGNED TO THE COLLEGE, AS WELL AS A SOLIDARITY ASSESSMENT MADE ANNUALLY TO SUPPORT THE PROGRAMS OF THE DE LA SALLE INSTITUTE. BROTHER CHARLES HILKEN IS ALSO A MEMBER OF THE SF/NO DISTRICT AND IS A TRUSTEE, AS WELL AS BEING ASSIGNED TO THE COLLEGE AS A FACULTY MEMBER. 0 X 7 0 INDEPENDENT APPRAISAL X 13 632521 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: THE COLLEGE'S ON-CAMPUS ART GALLERY RECEIVED SEVEN SEPARATE GIFTS OF ART FOR WHICH ZERO REVENUE WAS REPORTED ON THE FORM 990. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD OF TRUSTEES: THE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON OF EACH STANDING COMMITTEE, THE PRESIDENT, THE SECRETARY, THE BROTHER VISITOR AND THE PAST CHAIRPERSON(S) OF THE BOARD WHILE STILL SERVING AS A TRUSTEE. THE COMMITTEE MAY HAVE STAFF RESOURCES AS WILL BE HELPFUL TO THE COMMITTEE AS DETERMINED BY THE CHAIRPERSON OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE FULL POWER OF THE BOARD IN THE EVENT OF EMERGENCY OR EXIGENT CIRCUMSTANCE(S), AS DETERMINED BY A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE IN CONSULTATION WITH OR AT THE REQUEST OF THE PRESIDENT. ADDITIONALLY, ASSURING THE VITALITY OF THE MISSION OF THE COLLEGE IN THE AREA OF EXECUTIVE OVERSIGHT AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 4 THE COLLEGE HAS AMENDED THEIR BYLAWS TO UPDATE THE MINIMUM NUMBER OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNANCE OF THE COLLEGE PER ARTICLE 3 OF THE BYLAWS IS DELEGATED TO THE BOARD OF TRUSTEES WHICH CONSISTS OF 29 VOTING PERSONS. THE COLLEGE DOES HAVE MEMBERS, WHOSE RIGHTS ARE OUTLINED IN PART VI, SECTION A, LINE 7B. FORM 990, PART VI, SECTION A, LINE 7A BY RIGHT OF OFFICE, THE BROTHER VISITOR AND THE PRESIDENT OF THE COLLEGE SHALL BE BOTH MEMBERS AND TRUSTEES, IF THEY ARE BROTHERS OF THE CHRISTIAN SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBERS ARE TO CONSENT TO THE AMENDMENT OF THE CORPORATION'S ARTICLES, REPEAL THE BYLAWS, CONSENT TO ANY AMENDMENTS TO THE BYLAWS WHICH ADVERSELY AFFECT THE RIGHTS OF THE MEMBERS, CONSENT TO THE DISSOLUTION OF THE CORPORATION, CONSENT TO THE MERGER OR SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES MEETS EACH JANUARY AND/OR FEBRUARY TO REVIEW THE FORM 990 THAT HAS BEEN GENERATED BY MANAGEMENT AND REVIEWED BY THE COLLEGE'S OUTSIDE AUDITORS. THE FORM 990 IS ALSO POSTED ON THE BOARD OF TRUSTEES' SECURED WEBSITE FOR ALL TRUSTEES TO REVIEW IN TIME FOR THEIR AUDIT COMMITTEE MEETING. THE COLLEGE THEN FILES THE FORM 990 AFTER THIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY SHALL APPLY TO ANY TRANSACTION OR ARRANGEMENT WITH AN INTERESTED PERSON. INTERESTED PERSON MEANS A COVERED PERSON WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. COVERED PERSONS INCLUDES EACH TRUSTEE, OFFICER, MEMBER OF THE PRESIDENT'S CABINET, HIGHLY COMPENSATED EMPLOYEE, SUBSTANTIAL CONTRIBUTOR, ADVISOR APPOINTED BY A DONOR TO A SPECIFIC PROJECT OR FUND, ANY MEMBER OF A STANDING COMMITTEE OF THE BOARD, AND AN ACADEMIC DEAN. THE BOARD SHALL REQUIRE EACH INTERESTED PERSON TO DISCLOSE ANNUALLY ANY FINANCIAL INTEREST IN THE COLLEGE AND ALL MATERIAL FACTS RELATED THERETO. THE ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED TO THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD. AS SOON AS PRACTICABLE AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DELIBERATE THE MATTER, AND THE POTENTIALLY INTERESTED PERSON, AFTER SUPPLYING SUCH INFORMATION AS THE BOARD SHALL REQUEST, SHALL RECUSE HIMSELF OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND RECOMMENDS COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE ANNUAL REVIEW PROCESS CONDUCTED BY THE EXECUTIVE COMMITTEE INCLUDES SALARY AND BENEFITS DATA FOR SIMILAR POSITIONS AT THE OTHER SIMILAR PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE OF CALIFORNIA. THIS DATA IS INDEPENDENTLY GATHERED BY CUPA (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION). THE COMPENSATION FOR ALL OTHER STAFF IS BASED UPON THE COLLEGE'S COMPENSATION SYSTEM THAT HAS DEVELOPED SALARY GRADES THAT INCLUDE COMPARABLE JOBS, WITH SALARY RANGES BENCHMARKED COMPETITIVELY WITH SALARY SURVEY DATA FROM SIMILAR INSTITUTIONS IN THE STATE OF CALIFORNIA. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS AND PUBLIC VERSION OF FORM 990 ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE SECRETARY OF STATE. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE STAFF HANDBOOK, WHICH IS MADE AVAILABLE TO EMPLOYEES. FORM 990, PART XI, LINE 9: NET UNREALIZED GAIN ON INTEREST RATE EXCHANGE 4,417,972. ACTUARIAL ADJUSTMENT 463,922. EMPLOYER CONTRIBUTION VEBA TRUST FOR ST MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025792 VEBA TRUST CA 501(C)(9) N/A 0 EMPLOYEE AFTER-TAX CONTRIBUTION VEBA TRUST FOR SAINT MARY'S COLLEGE OF CA 1928 SAINT MARYS ROAD MORAGA CA 94575 047025791 VEBA TRUST CA 501(C)(9) N/A 0 CHARITABLE REMAINDER ANNUITY TRUST (1) TRUST CA N/A T 1 CHARITABLE REMAINDER UNITRUST (1) TRUST CA N/A T 1 POOLED INCOME FUND (1) POOLED INVESTMENT FUND CA N/A T 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 EMPLOYERS-CONTRIBUTION VEBA TRUST FOR ST MARY'S COLLEGE OF CALIFORNIA B 709450 CASH CONTRIBUTIONS