2020-02-19T17:19:13-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 2201 E ENTERPRISE AVE PO BOX 2459 APPLETON WI 549122459 990 2018-07-01 390806154 MOUNT MARY UNIVERSITY MOUN 4149303126 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 DR CHRISTINE PHARR PRESIDENT 4149303126 2020-02-17 1 TROY E MARINE CPA P00187863 9207337385 2020-02-17 38.122.82.115 2020-02-17 17:15:50 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2020-09-23 17:36:50Z DR CHRISTINE PHARR 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 48748822 0 X WWW.MTMARY.EDU X 1913 WI MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN, SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. 32 32 642 260 -45325 -45325 4993960 5846973 29423713 29583987 2585547 2302754 387397 289216 37390617 38022930 10426115 10134699 0 0 14573813 13975010 0 0 635517 8865025 9774778 33864953 33884487 3525664 4138443 65022836 68854892 13189048 13232940 51833788 55621952 X MOUNT MARY UNIVERSITY, AN URBAN CATHOLIC UNIVERSITY FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 0 0 10999202 10134699 27596085 MOUNT MARY UNIVERSITY HAD APPROXIMATELY 727 UNDERGRADUATE AND 622 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30, 2019. DURING THIS PERIOD, 169 BACHELORS DEGREES AND 13 POST BACCALAUREATE CERTIFICATES, 15 DOCTORAL, AND 214 GRADUATE DEGREES WERE AWARDED TO STUDENTS. 3832765 THE UNIVERSITY SERVICES APPROXIMATELY 1350 STUDENTS FOR FINANCIAL AID, LEARNING SERVICES, THE DEAN OF STUDENT AFFAIRS, STUDENT ENGAGEMENT, CAMPUS MINISTRY, STUDENT ADVISING, FITNESS CENTER, INTERNATIONAL CENTER FOR STUDENTS, CAREER DEVELOPMENT, COUNSELING CENTER, REGISTRAR, RESIDENCE LIFE, STUDENT SUCCESS AND ATHLETIC TEAMS, FOR SUPPORT OF THE WHOLE STUDENT. 952159 1987902 AUXILIARY ENTERPRISES SERVICES APPROXIMATELY 200 STUDENTS WITH CONTRACTED SERVICES FOR FOOD SERVICE, THE BOOK STORE AND IN-HOUSE FUNCTIONS FOR DORMITORIES. 9182540 ALL OTHER PROGRAM SERVICES. 9182540 24966666 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 81 0 1 642 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X BUSINESS OFFICE 4149303201 2900 N MENOMONEE RIVER PKWY MILWAUKEE WI 53222 CATHY BUCK CHAIR 1.00 X 0 0 0 KATHY HURST VICE CHAIR 1.00 X 0 0 0 CHRISTINE PHARR PRESIDENT 50.00 X X 317213 0 16543 GARTH COLE TRUSTEE 1.00 X 0 0 0 MARY BETH KINGSTON TRUSTEE 1.00 X 0 0 0 SUSAN BELLEHUMEUR TRUSTEE 1.00 X 0 0 0 MARIE O'BRIEN TRUSTEE, PAST CHAIR 1.00 X 0 0 0 KATHY HUST TRUSTEE 1.00 X 0 0 0 S MARY ANNE OWENS TRUSTEE, EX OFFICIO 1.00 X 0 0 0 JOAN M SHAFER TRUSTEE 1.00 X 0 0 0 KRISTINE KRAUSE TRUSTEE 1.00 X 0 0 0 J OMAR ANDRIETSCH TRUSTEE 1.00 X 0 0 0 S KATHRYN BERGER TRUSTEE 1.00 X 0 0 0 BETH HEIKKILA TRUSTEE 1.00 X 0 0 0 ILDIKO HUPPERTZ TRUSTEE 1.00 X 0 0 0 S DEB SCIANO TRUSTEE 1.00 X 0 0 0 STEPHANIE RUSSELL TRUSTEE 1.00 X 0 0 0 DAVID KRUTZ TRUSTEE 1.00 X 0 0 0 SCOTT LARSON TRUSTEE 1.00 X 0 0 0 S SANDRA ANN WEINKE TRUSTEE 1.00 X 0 0 0 SUZANNE ANDREW TRUSTEE 1.00 X 0 0 0 GARTH COLE TRUSTEE 1.00 X 0 0 0 KATHERINE MALONEY PERHACH TRUSTEE 1.00 X 0 0 0 JUDIE TAYLOR TRUSTEE 1.00 X 0 0 0 MIKE ARNOW TRUSTEE 1.00 X 0 0 0 S SUSAN JORDON TRUSTEE 1.00 X 0 0 0 ERICKAJOY DANIELS TRUSTEE 1.00 X 0 0 0 MARY JO LAYDEN TRUSTEE 1.00 X 0 0 0 SCOTT NAZE TRUSTEE 1.00 X 0 0 0 AUDREY DITTER TRUSTEE 1.00 X 0 0 0 VERONICA GUNN TRUSTEE 1.00 X 0 0 0 GARY ZIMMERMAN TRUSTEE EMERITUS 1.00 X 0 0 0 ROBERT O'KEEFE VICE PRESIDENT 50.00 X 131543 0 7626 DAVID WEGENER VICE PRESIDENT 50.00 X 155849 0 9720 PAM OWENS VICE PRESIDENT 50.00 X 145918 0 15292 KAREN FRIEDLEN VICE PRESIDENT 50.00 X 166903 0 17418 SISTER JOAN PENZENSTADLER VICE PRESIDENT 50.00 X 37086 0 1766 SARAH OLEJNICZAK VICE PRESIDENT 50.00 X 80052 0 923 EILEEN SCHWALBACH EXECUTIVE PRESIDENT 50.00 X 130000 0 0 1164564 0 69288 9 0 1 0 A'VIANDS PO BOX 743357 ATLANTA GA 30374 CATERING AND FOOD SERVICES 732744 MILWAUKEE TEACHER EDUCATION CENTER (MTEC 811 N HAWLEY RD 110 MILWAUKEE WI 53213 COLLABORATION FOR TEACHING DEGREES WITH 339311 CDW GOVERNMENT 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 606751515 IT EQUIPMENT - HARDWARE OR SOFTWARE FOR 336866 PSAB ENTERPRISES INC 13040 W LISBON RD BROOKFIELD WI 53045 CLEANING SERVICE 295130 OTIS ELEVATOR COMPANY 3720 N 124TH STREET MILWAUKEE WI 53222 CONSTRUCTION CONTRACT 226737 12 160371 5686602 51664 5846973 STUDENT TUITION 611600 27596085 27596085 AUXILIARY ENTERPRISES 722320 1833863 1833863 INTEREST ON TUITION RECEIVABLES 611600 141509 141509 MMC COMMUNITY RENTAL 611600 9200 9200 DEPARTMENT REVENUE 900099 3330 3330 29583987 2039004 2039004 151270 85785 65485 65485 -45325 110810 10903857 10640107 263750 263750 263750 MISCELLANEOUS 611600 223731 223731 223731 38022930 29583987 -45325 2637295 10134699 10134699 1171715 439889 610099 121727 10144063 8154027 1651255 338781 171535 127546 39038 4951 1664979 1027806 577204 59969 822718 630870 161723 30125 239212 44300 178657 16255 18693 18693 21479 21479 75157 75157 881582 470206 411376 1709950 1231688 452583 25679 299043 33857 256397 8789 2432742 1432060 984607 16075 14537 14537 23670 23670 267184 267184 1591816 1004922 586894 264633 264633 BAD DEBT ALLOWANCE 690578 690578 AUXILIARY 678187 678187 OTHER INSTITUTIONAL EXP 404097 234796 156135 13166 OTHER INSTITUTIONAL MEM 162218 162218 33884487 24966666 8282304 635517 2788471 2029764 267716 316576 3578986 4536552 902581 934978 303233 324674 57891594 33395905 24693687 24495689 31640138 35317066 747141 602584 100883 297009 65022836 68854892 1428825 1895969 908714 894815 8991579 8623320 1000000 1000000 859930 818836 13189048 13232940 X 25027467 26824045 8808079 0 17998242 28797907 51833788 55621952 65022836 68854892 X 4138443 287998 -638277 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22583496 678609 1130178 796376 571620 23024287 20492351 1213141 1620504 742500 22583496 18179071 943550 2041265 671535 20492351 15873321 1181405 -26775 -1151120 18179071 14734692 1625553 98793 585717 15873321 0.01000 0.00000 0.99000 0 0 542794 542794 42036060 20127587 21908473 11597869 11186911 410958 3714871 2081407 1633464 24495689 ANNUITY OBLIGATIONS 42570 REFUNDABLE ADVANCES FROM THE U.S. GOVERNMENT 776266 818836 X 27623737 287998 -552492 -264494 27888231 10134699 10134699 38022930 23835573 85785 85785 23749788 10134699 10134699 33884487 PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE 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 UNIVERSITY FOR UNCERTAIN TAX POSITION AS OF JUNE 30, 2019 AND 2018. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 85,785. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENT -867,996. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 229,719. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 10,134,699. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 85,785. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 10,134,699. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ANNOUNCEMENTS, BROCHURES, COURSE DESCRIPTIONS SCHEDULE E, PART I, LINE 6 VARIOUS GOVERNMENT GRANTS TO PROVIDE FINANCIAL AID TO STUDENTS EUROPE 0 0 TRAVEL, HOTELS, MEALS, TOURS, TUITION, SCHOLARSHIPS, INSURANCE STUDY ABROAD 158039 SOUTH ASIA 0 0 TRAVEL, HOTELS, MEALS, TOURS, TUITION, SCHOLARSHIPS, INSURANCE STUDY ABROAD 14755 TRINIDAD AND TOBAGO 0 0 EDUCATIONAL SCHOLARSHIPS 12000 VIETNAM 0 0 EDUCATIONAL SCHOLARSHIPS 10000 RWANDA 0 0 EDUCATIONAL SCHOLARSHIPS 38717 SOUTH AFRICA 0 0 EDUCATIONAL SCHOLARSHIPS 3500 0 0 0 0 0 0 237011 0 237011 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVE GRANT AWARDS FOR ATTENDING THE UNIVERSITY. IN THE US STUDENT'S ELIGIBILITY FOR GRANT SUPPORT IS DEPENDENT ONLY ON THEIR STATUS AS AN INTERNATIONAL STUDENT. THE ADMISSIONS AND REGISTRAR'S OFFICES VERIFY THE INTERNATIONAL STUDENT STATUS USING THEIR VISAS. THE FINANCIAL AID OFFICE POSTS THE FINANCIAL AID AWARD TO THEIR AID PACKAGE AND THE BUSINESS OFFICE POSTS THE AID ON THEIR STUDENT ACCOUNT. NO PAYMENTS OF CASH ARE MADE TO INTERNATIONAL STUDENTS DIRECTLY FOR THEIR GRANT AWARDS. 1 EDUCATIONAL SCHOLARSHIPS 737 10134699 PART I, LINE 2: EACH STUDENT IS REVIEWED BY TWO OR THREE INDIVIDUALS IN THE AWARDING PROCESS. STUDENTS ARE THEN AWARDED GRANT FUNDS BASED ON FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS, GUIDELINES AND INSTITUTIONAL MATRIX PROCEDURES FOR MONITORING FUNDS ARE ALSO BUILT INTO THE COMPUTER AWARDING SOFTWARE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE PHARR PRESIDENT 317213 0 0 0 0 0 3000 0 13543 0 333756 0 0 0 DAVID WEGENER VICE PRESIDENT 155849 0 0 0 0 0 1583 0 8137 0 165569 0 0 0 PAM OWENS VICE PRESIDENT 145918 0 0 0 0 0 1522 0 13770 0 161210 0 0 0 KAREN FRIEDLEN VICE PRESIDENT 166903 0 0 0 0 0 1746 0 15672 0 184321 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT, DR. PHARR. THE PRESIDENT'S CONTRACT INCLUDES A HOUSING ALLOWANCE. THE ALLOWANCE IS PAID THROUGH PAYROLL AND SUBSEQUENTLY TAXED ACCORDINGLY. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-07-01 6535000 FACILITIES CONSTRUCTIONS 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-07-01 3465000 FACILITIES CONSTRUCTIONS 0 0 0 A 1050000 6535000 139677 6395323 0 0 1 1 B 350000 3465000 134090 3330910 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 1 B 1 VJS CONSTRUCTION SERVICES INC A TRUSTEE OF THE UNIVERSITY 92818 A TRUSTEE IS A PRINCIPAL OF VJS CONSTRUCTION SERVICES, INC. MOUNT MARY CONTRACTED WITH VJS CONSTRUCTION SERVICES, INC. TO PROVIDE CONSTRUCTION MANAGEMENT SERVICES. 0 ROBERT W BAIRD & CO INC A TRUSTEE OF THE UNIVERSITY 75157 A TRUSTEE OF THE UNIVERSITY AND CHAIR OF THE INVESTMENT COMMITTEE IS A PRINCIPAL AT ROBERT W. BAIRD & CO. INC. MOUNT MARY UNIVERSITY ENGAGES ROBERT BAIRD FOR INVESTMENT SERVICES OF THEIR INVESTMENT AND ENDOWMENT ACCOUNTS AND PAYS INVESTMENT FEES. 0 X 2 51664 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD, WHICH INCLUDES THE AUDIT COMMITTEE, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS SIGNED ANNUALLY BY THE BOARD OF DIRECTORS. THIS FORM IS SENT TO THE PRESIDENT AND MONITORED BY THAT OFFICE. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED TO WAICU SURVEYS. THE PRESIDENT'S SALARY GOES TO THE BOARD FOR APPROVAL FOR INCREASES. THE VICE PRESIDENT'S SALARY INCREASE APPROVALS GO TO THE PRESIDENT. THE CFO MONITORS THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE/INTEREST RATE SWAP AGREEMENT 229,719. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENT -867,996. FORM 990, PART XII, LINE 2C: THE UNIVERSITY HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT. SCHOOL SISTERS OF NOTRE DAME 13105 WATERTOWN PLANK ROAD ELM GROVE WI 53122 390806379 SPONSORING ORGANIZATION OF MOUNT MARY UNIVERSITY WI 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHOOL SISTERS OF NOTRE DAME C 20282 ACTUAL COST