2018-02-13T21:35:06-06:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 2201 E Enterprise Ave PO Box 2459 Appleton WI 549122459 990 2016-07-01 390806154 Mount Mary University MOUN 4149303126 2900 N Menomonee River Parkway Milwaukee WI 53222 Dr Christine Pharr President 4149303126 2018-02-13 1 Troy E Marine CPA P00187863 9207337385 2018-02-13 38.122.82.115 2018-02-13 09:56:17 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FC291E00EDC6CE15C22AD045E9D90E0D24B72456 2016 2021-01-29 14:40:06Z Dr Christine Pharr 2900 N Menomonee River Parkway Milwaukee WI 53222 46856872 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. 30 30 686 255 -24451 -24451 6083483 4537724 27655367 28974172 1019863 1803469 414634 237938 35173347 35553303 9658423 10647158 0 0 15603480 14773161 0 0 988030 8377777 8422879 33639680 33843198 1533667 1710105 59624840 61588511 13697257 12793909 45927583 48794602 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. 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 8750445 10647158 26967927 Mount Mary University had approximately 807 undergraduate and 597 graduate students enrolled for the fiscal year ending June 30, 2017. During this period, 157 bachelors degrees and 25 post baccalaureate certificates, 12 Doctoral, and 150 graduate degrees were awarded to students. 3819358 The University services approximately 1140 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. 13746457 2006245 Auxiliary enterprises services approximately 220 students with contracted services for food service, the book store and in-house functions for dormitories. 26316260 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 0 0 0 1 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 83 0 1 686 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X Business Office 4149303126 2900 N Menomonee River Pkwy Milwaukee WI 53222 Marie O'Brien Chair 1.00 X X 0 0 0 Veronica Gunn Vice Chair 1.00 X 0 0 0 Eileen Schwalbach President, through 6/30/17 50.00 X X 304015 0 39015 Suzanne Andrew Trustee 1.00 X 0 0 0 Mike Arnow Trustee 1.00 X 0 0 0 Susan Bellehumeur Trustee 1.00 X 0 0 0 Kathryn Berger Trustee 1.00 X 0 0 0 Barbara Bolens Trustee 1.00 X 0 0 0 John Bosbous Trustee 1.00 X 0 0 0 Cathy Buck Trustee 1.00 X 0 0 0 Garth Cole Trustee 1.00 X 0 0 0 Erickajoy Daniels Trustee 1.00 X 0 0 0 Kathryn Maegli Davis Trustee 1.00 X 0 0 0 Audrey Ditter Trustee 1.00 X 0 0 0 Ildiko Huppertz Trustee 1.00 X 0 0 0 Kathy Hust Trustee 1.00 X 0 0 0 S Susan Jordon Trustee 1.00 X 0 0 0 Mary Beth Kingston Trustee 1.00 X 0 0 0 Anne Koenings Trustee 1.00 X 0 0 0 Kristine Krause Trustee 1.00 X 0 0 0 Scott Larson Trustee 1.00 X 0 0 0 Mary Jo Layden Trustee 1.00 X 0 0 0 Sister Mary Anne Owens Trustee 1.00 X 0 0 0 Katherine Maloney Perhach Trustee 1.00 X 0 0 0 Dana Russart SSND Trustee 1.00 X 0 0 0 S Deb Sciano Trustee 1.00 X 0 0 0 Joan M Shafer Trustee 1.00 X 0 0 0 Mary Staudenmaier Trustee 1.00 X 0 0 0 Judie Taylor Trustee 1.00 X 0 0 0 David Werner Trustee 1.00 X 0 0 0 S Sandra Ann Weinke Trustee 1.00 X 0 0 0 Gary Zimmerman Trustee Emeritus 1.00 X 0 0 0 Geneva Johnson Trustee Emeritus 1.00 X 0 0 0 William Jensen Trustee Emeritus 1.00 X 0 0 0 Beth Wnuk Vice President 50.00 X 190596 0 11195 David Wegener Vice President 50.00 X 137875 0 14943 Sister Joan Penzenstadler Vice President 50.00 X 36455 0 2689 Pam Owens Vice President 50.00 X 132593 0 14423 Karen Friedlen Vice President 50.00 X 166835 0 31257 Marc Belanger Director of IT 50.00 X 112767 0 10252 1081136 0 123774 6 0 1 0 Food Service Inc 1801 W Glendale Avenue Milwaukee WI 53222 Catering and food services 755826 VJS Construction Services Inc W233N2847 Roundy Circle West Pewaukee WI 53072 Construction Contract 305990 Milwaukee Teacher Education Center (MTEC 811 N Hawley Rd 110 Milwaukee WI 53213 Collaboration for Teaching degrees with 264778 Manifesto LLC 541 NE 20th Avenue Suite 115 Portland OR 98232 Professional Consulting Services - Devel 242865 CDW Government 75 Remittance Drive Suite 1515 Chicago IL 606751515 IT Equipment - hardware or software for 192998 16 35175 99003 4403546 153433 4537724 Student Tuition 611600 26967927 26967927 Auxiliary Enterprises 722320 1887620 1887620 Interest on tuition receivables 611600 95146 95146 Department Revenue 900099 12079 12079 MMC Community Rental 611600 11400 11400 28974172 1391465 1391465 141525 146398 -4873 -4873 -24451 19578 11287664 214958 10904005 186613 383659 28345 412004 412004 102705 35175 66553 36152 36152 Miscellaneous 611600 206659 206659 206659 35553303 28974172 -24451 2065858 10647158 10647158 1081435 341465 607377 132593 10933760 8212889 2208996 511875 574193 403288 140186 30719 2183773 1585143 502375 96255 410365 76294 229464 104607 52539 52539 50164 50164 38724 38724 503911 227987 275584 340 459954 314434 114529 30991 397401 29915 365195 2291 125680 107385 13108 5187 16850 10261 4458 2131 257471 257471 1609471 1061768 547703 174311 174311 Operations and Maintena 1877045 1637092 213443 26510 Auxiliary 682183 682183 Other Professional Serv 628859 48603 561244 19012 Other Instructional exp 420166 420166 717785 510229 182037 25519 33843198 26316260 6538908 988030 1256371 628310 143361 643687 4328862 4279734 1088933 1082946 153043 268873 54698551 29965735 25093533 24732816 26698589 29127831 619873 704225 242275 120089 59624840 61588511 1846274 1782733 848543 842104 9520000 9107671 7190 0 1475250 1061401 13697257 12793909 X 21851699 22470914 8234333 9538587 15841551 16785101 45927583 48794602 59624840 61588511 X 1710105 1433765 -276851 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18179071 943550 2041265 671535 20492351 15873321 1181405 -26775 -1151120 18179071 14734692 1625553 98793 585717 15873321 11451199 1500638 1825785 42930 14734692 10712083 212949 1232883 706716 11451199 0.01040 0.81910 0.17050 0 0 516846 516846 38833337 30342884 8490453 10910516 -1680759 12591275 4437852 1303610 3134242 24732816 Annuity Obligations 95235 Refundable advances from the U.S. Government 758986 Interest rate swap 207180 1061401 X 26209457 1433765 -130453 1303312 24906145 10647158 10647158 35553303 23342438 146398 146398 23196040 10647158 10647158 33843198 Part X, Line 2: 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, 2017 and 2016. The University's tax returns are subject to review and examination for federal and state authorities. Part XI, Line 2d - Other Adjustments: Rental Expenses 146,398. Excess Withdrawals over income earned for pooled endowment investment -671,535. Change in Fair Value of Interest Rate Swap Agreement 394,684. Part XI, Line 4b - Other Adjustments: Scholarships and Tuition Discounts 10,647,158. Part XII, Line 2d - Other Adjustments: Rental Expenses 146,398. Part XII, Line 4b - Other Adjustments: Scholarships and tuition discounts 10,647,158. 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 1 Europe 0 0 Travel, Hotels, Meals, Tours, Tuition, Scholarships, Insurance Program Services 258302 Central America and Caribbean 0 0 Travel, Hotels, Meals, Tours, Tuition, Scholarships, Insurance Program Services 10100 South America 0 0 Travel, Hotels, Meals, Tours, Tuition, Scholarships, Insurance Program Services 11750 0 0 0 0 0 0 280152 0 280152 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. Starving Artists Fair 87818 87818 2573 15899 Fashion Show 50062 35175 14887 3301 4773 40007 137880 35175 102705 3301 7346 55906 66553 36152 1 Educational Scholarships 813 10647158 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 X X X X 0 0 0 0 0 0 0 0 0 Eileen Schwalbach President, through 6/30/17 304015 0 0 0 0 0 26000 0 13015 0 343030 0 0 0 Beth Wnuk Vice President 190596 0 0 0 0 0 10764 0 431 0 201791 0 0 0 David Wegener Vice President 137875 0 0 0 0 0 7376 0 7567 0 152818 0 0 0 Karen Friedlen Vice President 166835 0 0 0 0 0 13558 0 17699 0 198092 0 0 0 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 295000 6535000 139677 6395323 0 0 1 1 B 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 305990 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 90155 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 5 153433 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 394,684. Excess withdrawals over income earned for pooled endowment investment -671,535. 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 69000 Actual Cost