2019-01-10T15:16:22-06:00 2018-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2017-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 LAURIE HAMEN PRESIDENT 3193686470 2018-12-18 1 CARLEY UMSTEAD P00982177 3192985333 108.171.131.187 2018-12-18 14:00:24 CS P D60D947A54053FF5DEA0CE90B489EB9643D1C695 9DB8014B51E8EDC561BFC4E92E36C3F918DE5493 2017 2019-02-21 02:37:17Z LAURIE HAMEN 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 84792720 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,800 STUDENTS 28 27 920 250 -14886 -14886 6865427 6465467 43271178 45765103 772563 1059821 64248 170445 50973416 53460836 16169901 17427028 0 0 18325124 17932922 0 63734 847106 12831068 12874795 47326093 48298479 3647323 5162357 88051540 94627564 19807625 20142160 68243915 74485404 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 0 1 27492385 17427028 40261161 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MCJ, AND MA IN EDUCATION (GRADUATE PROGRAMS) AND BA, BS, BAS AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2017, THERE WERE 1,179 TRADITIONAL, 201 ACCELERATED AND 331 GRADUATE AND 137 ONLINE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,325; GRADUATE FTE WAS 283. 5251388 5327416 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 3661448 176526 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 6503176 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 6503176 42908397 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2675 0 1 920 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA X LAURIE HAMEN 3193631323 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 BRANDT WORLEY CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA BARHAMAND VICE CHAIR & TRUSTEE 1.00 X X 0 0 0 SISTER MARY LOU PODZIMEK SECRETARY & TRUSTEE 1.00 X X 0 0 0 SISTER MARGARET WEIGEL ASSISTANT SECRETARY TRUSTEE 1.00 X X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 KEN BROWN TRUSTEE 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 JEFFREY CANNON TRUSTEE 1.00 X 0 0 0 PATRICE CARROLL TRUSTEE (EFFECTIVE 6/1/2018) 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LOREN COPPOCK TRUSTEE 1.00 X 0 0 0 PAMELA DELAGARDELLE TRUSTEE (EFFECTIVE 2/1/2018) 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SISTER DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT KAZIMOUR TRUSTEE 1.00 X 0 0 0 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 JANE MEYER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 H THOMAS REED TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 CHARLES ROHDE IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 MICHAEL WEHR TRUSTEE 1.00 X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 40.00 X X 281401 0 64993 SCOTT LYNCH TRUSTEE (UNTIL 10/2017) 1.00 X 0 0 0 F JAMES BRADLEY TRUSTEE (UNTIL 10/2017) 1.00 X 0 0 0 JAN HANDLER PROVOST 40.00 X 151562 0 26373 DOUG BROCK VP FOR FINANCE (UNTIL 1/2018) 40.00 X 146258 0 32624 ROB CALLAHAN VP FOR ENROLLMENT AND STUDENT SERVICES 40.00 X 183162 0 39533 BRENDA HAEFNER VP FOR DEVELOPMENT & ALUMNI RELATIONS 40.00 X 153090 0 27321 TOM CASTLE ASSOCIATE PROVOST & EXECUTIVE DIRECTOR 40.00 X 107462 0 28130 BRIAN MCDONALD ASSISTANT VICE PRESIDENT 40.00 X 101360 0 38723 1124295 0 257697 7 0 1 0 ARAMARK SERVICES INC 6000 FELDWOOD ROAD COLLEGE PARK GA 30349 FOOD SERVICE 1847992 CDW GOVERNMENT 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 606751515 TECHNOLOGY SOLUTIONS PROVIDER 256388 CEDAR VALLEY TRANSIT LINES 6100 7TH STREET SW CEDAR RAPIDS IA 52404 TRAVEL 233298 ROYALL & COMPANY PO BOX 603519 CHARLOTTE NC 282603519 CONTRACTOR 202733 ELLUCIAN 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TECHNOLOGY SOLUTIONS PROVIDER 165722 12 142251 171603 6151613 1217540 6465467 TUITION & FEES 611600 38479605 38479605 AUXILARY SERVICE 611710 5327416 5327416 MISCELLANEOUS 611710 1759446 1759446 FEES & ASSESSMENTS 611710 176526 176526 STUDENT FEES 611710 22110 22110 45765103 554277 -14886 569163 31541657 30926715 109398 614942 -109398 505544 505544 18000 142251 29529 -11529 -11529 448216 266242 181974 181974 53460836 45765103 -14886 1245152 17427028 17427028 506529 455876 50653 14649266 13079721 1130067 439478 681162 601450 59374 20338 1089748 962443 94767 32538 1006217 888012 88162 30043 86583 86583 106527 106527 63734 63734 91879 91879 3268719 2948079 277497 43143 545280 324080 221200 943316 667008 179387 96921 814064 785862 23502 4700 197408 141095 49032 7281 294066 96400 196486 1180 412101 412101 1891507 1825977 54608 10922 345248 52800 292448 CURRENT RESTRICTED 1071775 1048465 23296 14 STUDENT/ATHLETIC/FUNCTI 990965 944774 14286 31905 EQUIPMENT RENTAL & MAIN 946487 891171 52278 3038 BAD DEBT 461983 46583 415400 0 406887 177449 218220 11218 48298479 42908397 4542976 847106 4400 2550 3677844 5290987 6384068 8022381 1460916 1163751 136453 0 514219 801550 81327074 32100031 46679801 49227043 18938495 20031925 5510061 5729935 1295275 1036404 3450008 3321038 88051540 94627564 4117537 2314146 537761 589773 13115099 15777861 846354 638889 1190874 821491 19807625 20142160 X 37733960 40506982 11352744 13035520 19157211 20942902 68243915 74485404 88051540 94627564 X 5162357 611526 269600 198006 X 0 1 X 1 1 1 X 4686462 4367019 5229437 6865427 6465467 27613812 4686462 4367019 5229437 6865427 6465467 27613812 5583628 22030184 1027710 1031729 550802 529317 561245 3700803 31314615 203919226 0.70350 0.67960 X 27154721 1650815 1717361 606588 303412 29612897 25124578 2121286 2787497 768961 2109679 27154721 25946589 1077174 -530158 595903 773124 25124578 26784175 741479 -660840 704540 213685 25946589 24159789 411738 3273382 507974 552760 26784175 0.12000 0.71000 0.17000 0 0 1949102 1949102 53343643 22759954 30583689 8563638 7181286 1382352 17470691 2158791 15311900 49227043 PRIVATE EQUITY FUND 4053961 F COLLATERALIZED DEBT OBLIGATION 1212808 F REAL ESTATE 449965 F ABSOLUTE RETURN FUND 13201 F 5729935 ANNUITIES PAYABLE 74000 DUE TO US GOVT PROGRAM 747491 821491 X 37213581 611526 269600 174363 1055489 36158092 17302744 17302744 53460836 31155212 375640 375640 30779572 17518907 17518907 48298479 PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2018 AND 2017, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2014 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 266,242. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -91,879. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 17,427,028. K-1 PASSTHROUGH INCOME -14,886. LOSS ON SALE OF BOOKSTORE ASSETS -109,398. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 266,242. LOSS ON SALE OF BOOKSTORE ASSETS 109,398. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 17,427,028. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 91,879. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVEN THOUGH THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER IN ACCORDANCE WITH PARAGRAPH 4.03(2)(A) OF REV. PROC. 75-50, THE NONDICSCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE WHICH WE VIEW AS A BROADCAST MEDIA THAT SERVES THE GENERAL PUBLIC. IN ADDITION, THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY, THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE ARCHDIOCESE OF DUBUQUE. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7212000 0 0 0 0 0 0 7212000 0 7212000 1 0 0 1 1 0 X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 PARKWAY SW CEDAR RAPIDS IA 52404 RESEARCH, MAIL, EMAIL 0 89952 48549 41403 DE NOVO ALTERNATIVE MARKETING 329 10TH AVE SE SUITE 112 CEDAR RAPIDS IA 52401 VIDEOGRAPHY & SOCIAL MEDIA PLANNING 0 85811 15185 70626 175763 63734 112029 AL GA KS ME NJ NM PA RI TN WI WV AR CA CT DC HI IL KY MN MO MS NC VA AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA GOLF OUTING 74440 56440 18000 8137 4541 DAY OF GIVING 85811 85811 0 16851 160251 142251 18000 8137 21392 29529 -11529 1 ENDOWED SCHOLARSHIPS 322 666994 ATHLETIC SCHOLARSHIPS 505 1782402 MERIT SCHOLARSHIPS 1589 11493465 OTHER SCHOLARSHIPS 944 3484167 PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED SUCCESSFULLY COMPLETED CUMULATIVE GPA YEAR 1 24 1.70 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 280323 0 0 0 1078 0 33480 0 31513 0 346394 0 0 0 JAN HANDLER PROVOST 148991 0 0 0 2571 0 9239 0 17134 0 177935 0 0 0 DOUG BROCK VP FOR FINANCE (UNTIL 1/2018) 146069 0 0 0 189 0 9288 0 23336 0 178882 0 0 0 ROB CALLAHAN VP FOR ENROLLMENT AND STUDENT SERVIC 182773 0 0 0 389 0 11401 0 28132 0 222695 0 0 0 BRENDA HAEFNER VP FOR DEVELOPMENT & ALUMNI RELATION 152897 0 0 0 193 0 9378 0 17943 0 180411 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE AND PERSONAL SERVICES IS FOR THE HOUSE THAT MOUNT MERCY UNIVERSITY OWNS AND THE PRESIDENT RESIDES IN WHERE SHE CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND HOLDS COLLEGE RELATED ENTERTAINMENT FUNCTIONS. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. A LINN COUNTY IA 426004338 2010-06-18 9970000 FINANCE LAND, BLDG & EQUIPMENT 0 0 0 B LINN COUNTY IA 426004338 2013-10-01 7278476 FINANCE LAND, BLDG & EQUIPMENT 0 0 0 C IOWA FINANCE AUTHORITY 521699886 2016-09-28 10000000 FINANCE ATHLETIC COMPLEX 0 0 0 A 6519333 9970000 27136 9942864 2012 1 0 1 1 B 3445563 7278476 16400 7262076 2013 1 0 1 1 C 1418000 10000000 92000 9908000 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 1 0 1 1 US BANK 6.500000000000 0 0 0 0 0 B 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 C 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 A 1 B 1 C 1 X 28 1217540 STOCK EXCHANGE 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) IS NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS IS 250 VOLUNTEERS CONSIST OF BOARD MEMBERS, VOLUNTEERS FOR PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS. FORM 990, PART III, LINE 3 AS OF JUNE 1, 2018, MOUNT MERCY UNIVERSITY CEASED INTERNAL CAMPUS STORE OPERATIONS AND OUTSOURCED CAMPUS STORE NEEDS TO TREE OF LIFE BOOKSTORES. FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDING TO THE BY-LAWS OF THE UNIVERSITY, PRIOR TO SUBMISSION TO THE BOARD OF TRUSTEES FOR APPROVAL, NAMES FOR INITIAL TRUSTEES WILL BE SUBMITTED TO SISTERS OF MERCY WEST MIDWEST (SOM WMW). SOM WMW WILL HAVE THIRTY CALENDAR DAYS TO CONFIRM OR REJECT THE SUBMISSION. CONFIRMATION WILL NOT BE UNREASONABLY REFUSED. IF SOM WMW DOES NOT OBJECT WITHIN THIRTY DAYS OF RECEIPT OF THE SUBMISSION, THE SUBMISSION WILL BE DEEMED TO BE CONFIRMED. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT, PROVOST, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, VICE PRESIDENT FOR ADMINISTRATIVE, ENROLLMENT AND STUDENT AFFAIRS, AND VICE PRESIDENT FOR MISSION AND MINISTRY. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -21,727. CHANGE IN VALUE INTEREST RATE SWAPS 204,847. K-1 PASSTHROUGH INCOME 14,886.