2018-03-07T10:24:34-06:00 2017-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2016-07-01 480777079 BENEDICTINE COLLEGE % RONALD J OLINGER BENE 9133675340 1020 N 2ND ST ATCHISON KS 66002 RONALD J OLINGER CFO 9133675340 2018-05-15 true Michael J Engle P00482834 8162216300 76.2.187.250 43372220180665000006 2018-03-07 P 60B107EC4821460DA499CE214EC088A36685104E B937BF114137470649B10DCCC1497B1F1517C7A8 2016 2021-01-29 14:40:06Z STEPHEN D MINNIS 1020 N 2ND ST ATCHISON KS 66002 79598710 false 0928 X WWW.BENEDICTINE.EDU X 1971 KS BENEDICTINE COLLEGE'S MISSION AS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE IS THE EDUCATION OF MEN & WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLAR. 32 29 1250 32 349162 191938 10046168 6261599 63457065 69613493 -205023 1232617 842483 1124136 74140693 78231845 24162863 27089582 0 0 21699140 23150082 57042 146731 1639670 24631262 25197590 70550307 75583985 3590386 2647860 134481137 143573126 53660782 59580207 80820355 83992919 X SEE SCHEDULE O false false 64769506 27089582 70840962 SEE SCHEDULE O 64769506 true true false false false false false true false true true false false false true false true false true true true true false true true false false false true true true false false false false false false true false true false true false false false false true false false false true 2432 0 true 1250 true true true false false false false true true false false false false X 32 29 false false false false false true true true true false false true true true true true true true false true true AL AS AR AA AE AP CO MP DE DC FM GU HI IL IN KS KY LA ME MH MD MA MI MN NE NJ ND OH OK OR PW PA PR RI SC SD TN VI UT VT VA WA WI WY X RONALD J OLINGER 9133675340 1020 N 2ND STREET ATCHISON KS 66002 X ABBOT JAMES ALBERS OSB DIRECTOR/SECRETARY 1.0 0.0 X X 0 0 0 LARRY BUESSING DIRECTOR 1.0 0.0 X 0 0 0 JUDITH HEMBERGER DIRECTOR 1.0 0.0 X 0 0 0 DARRYL JONES DIRECTOR 1.0 0.0 X 0 0 0 DAVID M LAUGHLIN DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MURPHY DIRECTOR 1.0 0.0 X 0 0 0 JACK A NEWMAN JR DIRECTOR/BOARD CHAIRMAN 1.0 0.0 X X 0 0 0 KATHLEEN O'HARA DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW TYNAN DIRECTOR 1.0 0.0 X 0 0 0 S DIANA SEAGO OSB DIRECTOR 1.0 0.0 X 0 0 0 ROBERT S WHOLEY DIRECTOR 1.0 0.0 X 0 0 0 S ANNE SHEPARD OSB DIRECTOR/BOARD VICE-CHAIRMAN 1.0 0.0 X X 0 0 0 SUSAN ZUBRADT DIRECTOR 1.0 0.0 X 0 0 0 PATRICK M CARR SR DIRECTOR 1.0 0.0 X 0 0 0 LENE WESTERMAN DIRECTOR 1.0 0.0 X 0 0 0 CAROL ROGERS DIRECTOR 1.0 0.0 X 0 0 0 GERARD BRUNDGARDT DIRECTOR 1.0 0.0 X 0 0 0 PAT GEORGE DIRECTOR 1.0 0.0 X 0 0 0 FR JEREMY HEPPLER OSB DIRECTOR 1.0 0.0 X 0 0 0 KATHRYN WEISHAR DALZELL DIRECTOR 1.0 0.0 X 0 0 0 S THOMASITA HOMAN OSB DIRECTOR/ASSISTANT SECRETARY 1.0 0.0 X X 0 0 0 DANIEL FANGMAN DIRECTOR 1.0 0.0 X 0 0 0 FR DENIS MEADE OSB DIRECTOR 1.0 0.0 X 0 0 0 DAVYEON ROSS DIRECTOR 1.0 0.0 X 0 0 0 JOAN KOECHNER CHARBONNEAU DIRECTOR 1.0 0.0 X 0 0 0 MIKE BOLAND DIRECTOR 1.0 0.0 X 0 0 0 ALIETIA CAUGHRON DIRECTOR 1.0 0.0 X 0 0 0 MIKE KUCKELMAN DIRECTOR 1.0 0.0 X 0 0 0 SEAN DOHERTY DIRECTOR 1.0 0.0 X 0 0 0 S ESTHER FANGHAM OSB DIRECTOR 1.0 0.0 X 0 0 0 HELEN HEALY DIRECTOR 1.0 0.0 X 0 0 0 KEVIN O'MALLEY DIRECTOR 1.0 0.0 X 0 0 0 STEPHEN D MINNIS PRESIDENT 40.0 0.0 X 311716 0 101451 KIMBERLY C SHANKMAN VICE PRESIDENT 40.0 0.0 X 132400 0 26550 RONALD J OLINGER TREASURER AND CFO 40.0 0.0 X 158192 0 26019 KRISTIE R SCHOLZ ASST TREASURER 40.0 0.0 X 80972 0 5353 FR MAURICE HAEFLING OSB ASST TREASURER 1.0 0.0 X 0 0 0 KELLY VOWELS VP OF INSTITUTIONAL ADV. 40.0 0.0 X 129866 0 25034 PETE HELGESEN DEAN OF ENROLLMENT MANAGEMENT 40.0 0.0 X 115570 0 5403 THOMAS HOOPES VP FOR COLLEGE RELATIONS 40.0 0.0 X 106479 0 37639 TIMOTHY ANDREWS EXECUTIVE DIR. PLANNED GIVING 40.0 0.0 X 110977 0 17443 LINDA HENRY VICE PRESIDENT OF STUDENT LIFE 40.0 0.0 X 108389 0 5161 1254561 0 250053 8 false true false LAWHON CONSTRUCTION 519 MAIN ST ST JOSEPH MO 64501 CONSTRUCTION 2728726 ARAMARK SERVICES 1101 MARKET ST PHILADELPHIA PA 19107 FOOD SERVICE 3616495 HUNDLEY CONSTRUCTION INC 1900 MAIN ST ATCHISON KS 66002 CONSTRUCTION 244464 UNIVERSITY OF NORTH DAKOTA 264 CENTENNIAL DR STOP 8193 GRAND FORKS ND 58202 STUDENT SERVICE 358580 ELLISON-AUXIER ARCHITECT 924 FRANCIS ST JOSEPH MO 64501 ARCHITECTURAL 617921 8 812987 5448612 295259 6261599 Tuition and Fees 611600 53159243 53159243 Room and Board 611600 14916551 14916551 Student Activities 611710 1082618 1082618 Athletic Income 611710 455081 455081 69613493 747558 747558 0 0 4840 4840 0 4840 4840 1414382 880185 49138 534197 -49138 485059 485059 103218 812987 211391 -108173 -108173 0 0 0 384834 226151 158683 158683 PARTNERSHIP INCOME 900099 214986 214986 CATERING SERVICES UBI 722320 100870 100870 CONFERENCE UBI 541900 33306 33306 719624 719624 1068786 78231845 70491800 349162 1129284 48470 48470 26954005 26954005 87107 87107 0 830495 170426 660069 187624 187624 16453044 13901197 1910474 641373 443900 371034 51605 21261 4113200 2037559 2018117 57524 1121819 941364 133954 46501 0 66808 66808 77260 77260 0 146731 146731 120831 120831 5271526 4897229 221593 152704 79787 14524 65263 1664946 1207449 384116 73381 674202 137484 536712 6 0 1705027 1345056 297446 62525 1049415 954527 67852 27036 0 76819 59635 15899 1285 1842563 1842563 0 6860910 5961273 874932 24705 326055 251315 61742 12998 AUXILIARY EXPENSES 1405029 1405029 ACADEMIC SUPPORT 855776 855776 STUDENT SERVICES 776461 776461 INSTRUCTION & DEPT. RESEARCH 163805 163805 2180370 386218 1610136 184016 75583985 64769506 9174809 1639670 191871 152030 6259101 9800004 5305088 5271861 634821 591941 0 0 0 0 0 0 316919 326071 486029 596221 153775131 65132739 85841574 88642392 29413595 31990518 0 0 3335651 3188955 0 0 2696488 3013133 134481137 143573126 2759769 4764590 0 0 1954003 1857683 44675786 49080397 0 0 0 0 0 0 0 0 4271224 3877537 53660782 59580207 X 48841580 48932672 10656861 12850806 21321914 22209441 80820355 83992919 134481137 143573126 X 2647860 725791 -201087 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50500 2110176 50500 50500 X true false false 25947572 886473 1739394 482282 75000 11128 28005029 26064799 2133908 -1167832 966179 0 117124 25947572 24406317 3002410 76281 1290880 5057 124272 26064799 21053399 1262471 2910812 701826 4902 113637 24406317 19435866 447225 1922225 648514 3992 99412 21053398 0.09090 0.79300 0.11610 false false 1144395 1144395 135899971 52110854 83789117 179770 59923 119847 16550995 12961962 3589033 88642392 0 STUDENT DEPOSITS 377219 REFUNDABLE GOVT LOAN PROGRAMS 3055317 ASSET RETIREMENT OBLIGATION 102587 ANNUITY & TRUST OBLIGATIONS 342414 3877537 52135364 725791 451441 1177232 50958132 104722 27168991 27273713 78231845 48962800 437542 437542 48525258 104722 26954005 27058727 75583985 SCHEDULE D, PART III, LINE 4 FREDERICK HART'S WASHINGTON NATIONAL CATHEDRAL COLLECTION IS AN IMPRESSIVE ASSEMBLAGE OF SCULPTURES THAT INCLUDES THE BAS-RELIEF EX NIHILO AND THE LIFE-SIZE CASTINGS OF THE BIBLICAL FIGURES ADAM, ST. PETER AND ST. PAUL. IN ADDITION TO THESE SCULPTURES FROM THE NATIONAL CATHEDRAL IN WASHINGTON, DC, THE ARTIST IS BEST KNOWN FOR HIS BRONZE SCULPTURES OF THREE SOLDIERS FOR THE NATIONAL VIETNAM WAR MEMORIAL. BENEDICTINE COLLEGE IS THE ONLY COLLEGE TO HAVE THESE FIRST CASTINGS AVAILABLE FOR VIEWING ON A DAILY BASIS. EX NIHILO IS ON EXHIBIT INSIDE THE FERRELL ACADEMIC CENTER AND THE STATUES OF ADAM, ST. PETER AND ST. PAUL ARE LOCATED IN THE HEART OF CAMPUS ALONG THE RAVEN WALK. AN 8-FOOT BRONZE STATUE OF THE SACRED HEART OF JESUS APPEARS IN THE RAVEN MEMORIAL PARK. THE STATUE IS BY NOTED SCULPTOR E. SPENCER SCHUBERT, WHOSE WORK ALSO APPEARS IN THE ROYALS BASEBALL HALL OF FAME, KANSAS STATE UNIVERSITY, AND IN THE CAPITAL BUILDING FOR THE STATE OF MISSOURI. SCHUBERT MODELED THE FACE OF SACRED HEART OF JESUS STATUE AFTER THE IMAGE ON THE SHROUD OF TURIN, FOURTEEN FOLDS IN JESUS. ROBE REPRESENTS THE STATIONS OF THE CROSS; THREE FOLDS IN THE CENTER REPRESENT THE TRINITY. THE PRESENCE OF THESE PIECES EXPOSES OUR STUDENTS AND OUR CAMPUS VISITORS TO SOME TRULY MAGNIFICENT ARTWORK, AND IS ANOTHER ILLUSTRATION OF OUR COMMITMENT TO A BROAD LIBERAL ARTS EDUCATION. OTHER WORKS ON CAMPUS INCLUDE A COLLECTION OF BRONZE WORKS BY SCULPTOR BILL HOPEN IN ST. SCHOLASTICA PLAZA. THIS INLCUDES THE BRONZE STATUE OF ST. SCHOLASTICA, THE BRONZE STATUE OF NOBEL PRIZE WINNER WANGARI MAATHAI, THE BRONZE GATHERING OF A BENEDICTINE SISTER WITH TWO STUDENTS, AND THE BAS-RELIEF DEPICTING THE ARRIVAL OF THE SISTERS IN ATCHISON IN 1863 THAT IS ON THE FRONT OF ELIZABETH HALL. A SEPARATE BRONZE STATUE OF ST. BENEDICT IS INSTALLED OUTSIDE THE HAVERTY CENTER AND IS BY SCULPTOR TIM MISPAGEL. SCHEDULE D, PART V, LINE 4 THE PRIMARY PURPOSE OF THE ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS. THE ENDOWMENT FUNDS ARE ALSO USED TO FUND BUSINESS PROGRAMS AND GENERAL OPERATIONS OF THE COLLEGE. SCHEDULE D, PART X LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D CHANGE IN CSV OF LIFE INSURANCE $ 13,899 BOOKSTORE COGS $ 226,151 FUNDRAISING EXPENSES $ 211,391 ------------- $ 451,411 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $ 26,954,005 PARTNERSHIP INCOME $ 214,986 ------------- $ 27,168,991 SCHEDULE D, PART XII, LINE 2D BOOKSTORE COGS $ 226,151 FUNDRAISING EXPENSES $ 211,391 ------------- $ 437,542 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 26,954,005 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 OUR RACIALLY NONDISCRIMINATORY POLICY IS MADE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY SERVED IN OUR COURSE CATALOG. SCHEDULE E, PART I, LINE 6A BENEDICTINE RECEIVES TITLE IV FUNDS FROM THE DEPARTMENT OF EDUCATION. true Central America and the Caribbean Grantmaking 58252 East Asia and the Pacific Grantmaking 7000 Europe (Including Iceland and Greenland) Grantmaking 8847 South America Grantmaking 13008 Central America and the Caribbean Program Services EDUCATION/MISSION TRIP 67947 East Asia and the Pacific Program Services EDUCATION/MISSION TRIP 6724 Europe (Including Iceland and Greenland) Program Services EDUCATION/MISSION TRIP 893524 North America Program Services EDUCATION/MISSION TRIP 1256 South America Program Services EDUCATION/MISSION TRIP 131964 South Asia Program Services EDUCATION/MISSION TRIP 7220 Sub-Saharan Africa Program Services EDUCATION/MISSION TRIP 22381 1218123 1218123 Central America and the Caribbean Mission Trip 12100 EFT Central America and the Caribbean Mission Trip 44052 Supplies FMV South America MISSION TRIP 13008 SUPPLIES FMV East Asia and the Pacific MISSION TRIP 6500 SUPPLIES FMV 4 false false false false false false SCHEDULE F, PART 1, LINE 2 THE GRANTS GIVEN TO FOREIGN ORGANIZATIONS ARE IN SUPPORT OF PROJECTS STUDENTS ARE WORKING ON DURING MISSION TRIPS. THE MISSION TRIPS FURTHER THE STUDENTS EDUCATION. THE GRANTS ARE MONITORED BY THE STUDENTS THAT ARE WORKING ON THE PROJECT. X X X X X X X true WILSON AND BENNET FUNDRAISING false 280496 55000 225496 KELLER MCINTYRE ASSOCIATES FUNDRAISING false 91731 280496 146731 225496 AK AZ AR CO CT HI IN ME MD MA MI MN MS NH NJ NC OR SC UT VA WA SCHOLARSHIP BAL 834787 754037 80750 10000 102157 7810 51800 GOLF TOURNAMENT 31995 23100 8895 8774 918 3599 2 49423 35850 13573 13526 684 12123 916205 812987 103218 32300 103759 7810 67522 211391 -108173 true STUDENT AID/SCHOLARSHIP 1965 26954005 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS AND GRANTS ARE INSTITUTIONAL FINANCIAL AID AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. WE ALSO PERFORM SPOT CHECKS THROUGHOUT THE SEMESTER TO DOUBLE CHECK THAT AID ELIGIBILITY CALCULATIONS ARE MET. X X X true true X X X X X X false true false false false false false false false STEPHEN D MINNIS PRESIDENT 288767 0 0 0 22949 0 83250 0 18201 0 413167 0 0 0 KIMBERLY C SHANKMAN VICE PRESIDENT 124758 0 7500 0 142 0 6615 0 19935 0 158950 0 0 0 RONALD J OLINGER TREASURER AND CFO 148979 0 7500 0 1713 0 7818 0 18201 0 184211 0 0 0 KELLY VOWELS VP OF INSTITUTIONAL ADV. 122032 0 7500 0 334 0 6414 0 18620 0 154900 0 0 0 SCHEDULE J, PART I, LINE 1A BENEDICTINE COLLEGE PROVIDES HOUSING TO STEPHEN D. MINNIS. THE FMV OF THE HOUSING IS NOT INCLUDED IN HIS W-2 BECAUSE IT QUALIFIES AS A NON TAXABLE BENEFIT UNDER CODE SECTION 119. PRESIDENT MINNIS ALSO RECEIVES SOCIAL CLUB DUES THAT ARE TAXABLE AND INCLUDED IN HIS W-2. BENEDICTINE COLLEGE PAID TRAVEL COSTS FOR THE PRESIDENT'S DAUGHTER. THE COSTS WERE NOT INCLUDED IN THE PRESIDENT'S W-2. BENEDICTINE COLLEGE CONSIDERS THE TRAVEL TO BE A BONA FIDE BUSINESS PURPOSE. BENEDICTINE COLLEGE PAID TRAVELS COSTS FOR THE PRESIDENT'S SPOUSE AND THE PRESIDENT REIMBURSED BENEDICTINE COLLEGE IN A TIMELY MANNER. SCHEDULE J PART 1, LINE 4B Stephen D. Minnis $ 70,000 A KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HVB9 2010-05-18 10785000 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046597BT6 2011-11-16 9990000 SEE PART VI false false false C ATCHISON COUNTY KANSAS 486025049 2012-04-26 1805000 SEE PART VI false false false D ATCHISON COUNTY KANSAS 486025049 046617BN5 2013-03-27 4905000 SEE PART VI false false false A 4075000 0 10785000 722473 0 0 210600 0 0 3827385 6747015 0 2013 true false true true B 1845000 0 10002858 754664 165634 0 199800 0 0 8887424 0 0 2014 false false true true C 966000 0 1805000 0 0 0 34625 0 0 0 1770375 0 2006 true false true true D 785000 0 4905000 0 0 0 90065 0 0 0 4814935 0 2006 true false true true A false true false false 0 0.00560 0.00560 false false false true B false true true true false 0 0.00080 0.00080 false false false true C false true false false 0 false false false true D false true false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C true true false 0 false 0 false true D false true false false 0 false 0 true true A true B true C true D true PART 1, ROW A, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities and refund 2003 Bonds. The 2003 Bonds were originally issued on 03-31-2003. PART 1, ROW B, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities. PART 1, ROW C, Column (F) - Tax Exempt Bonds #1 Refund a portion of the 2004 Bonds. The 2004 Bonds were originally issued on 12-28-2004. PART 1, ROW D, Column (F) - Tax Exempt Bonds #2 Refund a portion of the 2004 Bonds. The 2004 Bonds were originally issued on 12-28-2004. PART 1, ROW A, Column (F) - Tax Exempt Bonds #2 Constructing, furnishing and renovating educational facilities. PART 1, ROW B, Column (F) - Tax Exempt Bonds #2 Constructing, furnishing and renovating educational facilities. PART 1, ROW C, Column (F) - Tax Exempt Bonds #2 Refund 2007 and 2008 Bonds. The 2007 Bonds were originally issued on 12-27-2007 and the 2008 Bonds were originally issued on 01-23-2008. PART 1, ROW D, Column (F) - Tax Exempt Bonds #2 Renovating educational facilities and constructing an addition. PART 1, ROW A, Column (F) - Tax Exempt Bonds #3 Renovating educational facilities and constructing an addition. PART II, Column B, Line 3 - Tax Exempt Bonds #1 Amount is not equal to the issue price due to investment earnings earned during the project period. PART II, Column D, Line 3 - Tax Exempt Bonds #2 The 2016B Bonds were issued as drawn-down bonds pursuant to the Regulations 1.150-1(c)(4)(i). The maximum principal amount of the 2016B Bonds is $9,000,000. As of the fiscal year end, $6,076,019.24 of 2016B Bond proceeds had been drawn. PART II, Column A, Line 3 - Tax Exempt Bonds #3 The 2017 Bonds were issued as draw-down bonds pursuant to the Regulations 1.150-1(c)(4)(i). The maximum principal amount of the 2017 Bonds is $9,000,000. As of the fiscal year end, $93,679.36 of 2017 Bond proceeds had been drawn. PART II, Column A, Line 11 - Tax Exempt Bonds #1 This amount was used to refund the 2003 Bonds. PART II, Column C, Line 11 - Tax Exempt Bonds #1 This amount was used to refund a portion of the 2004 Bonds. PART II, Column D, Line 11 - Tax Exempt Bonds #1 Of this amount $4,809,799.38 was used to refund the remaining outstanding 2004 Bonds and $5,135.95 was allocated to interest on the 2013 Bonds. PART II, Column A, Line 12 - Tax Exempt Bonds #3 Amount represents Bond proceeds that have not been drawn as of the fiscal year end. PART II, Column D, Line 13 - Tax Exempt Bonds #2 Project is not completed. PART II, Column A, Line 13 - Tax Exempt Bonds #3 Project is not completed. PART II, Column D, Line 16 - Tax Exempt Bonds #2 Project is not completed. PART II, Column A, Line 16 - Tax Exempt Bonds #3 Project is not completed. PART III, Column A, Line 5 - Tax Exempt Bonds #1 This amount represents the max amount of potential private business use that may result from unrelated trade or business activity. PART III, Column B, Line 5 - Tax Exempt Bonds #1 This amount represents the max amount of potential private business use that may result from unrelated trade or business activity. PART III, Column C, Line 5 - Tax Exempt Bonds #2 This represents the maximum amount of potential private business use that may result from unrelated trade or business activity. PART III, Column D - Tax Exempt Bonds #2 The project has not been completed as of the fiscal year end and as a result Part III has not been completed. PART III, Column A - Tax Exempt Bonds #3 The project has not been completed as of the fiscal year end and as a result Part III has not been completed. PART IV, Column A, Line 2(c) - Tax Exempt Bonds #1 The Arbitrage Rebate Analysis was performed as of 04-01-2015. The next installment computation will be 04-01-2020. PART IV, Column B, Line 2(c) - Tax Exempt Bonds #1 The Arbitrage Rebate Analysis was performed as of 11-01-2016. The next installment computation will be 11-01-2021. PART IV, Column D, Line 2(c) - Tax Exempt Bonds #1 Arbitrage Rebate Analysis was performed as of 03-01-2016. PART IV, Column D, Line 6 - Tax Exempt Bonds #1 There was a small amount of Bond proceeds held in the costs of issuance fund after the 13-month period. However, it was not invested above Bond yield. A ATCHISON COUNTY KANSAS 486025049 046617BQ8 2013-09-30 4735000 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046617BX3 2014-01-07 8000000 SEE PART VI false false false C ATCHISON COUNTY KANSAS 486025049 046597CJ7 2016-07-07 8380000 SEE PART VI false false false D ATCHISON COUNTY KANSAS 486025049 2016-07-08 9000000 SEE PART VI false false false A 0 0 4735000 361647 6034 0 88666 0 0 4280300 0 0 2014 false false true true B 0 0 8000000 381296 7706 0 143708 0 0 7473586 0 0 2014 false false true true C 0 0 8380000 350096 0 0 83800 0 0 0 8296200 0 2009 true false true true D 0 0 9000000 0 123 0 155170 0 0 5920726 0 2923981 false false false true A false true true true false 0 false false false true B false true true true false 0 false false false true C false true false false 0 0.01590 0.01590 false false false true D 0 true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true A ATCHISON COUNTY KANSAS 486025049 2017-01-05 9000000 SEE PART VI false false false A 0 0 9000000 0 0 0 93679 0 0 0 0 8906321 false false false true A 0 true A false true true false 0 false 0 false true A true 20050 SCHOLARSHIP ACADEMICS 26000 SCHOLARSHIP ACADEMICS SEE PART V PART IV, LINE 1 (A) KELLY VOWELS (B) MIKE BOLAND, DIRECTOR, AND KELLY VOWELS HAVE A FAMILY RELATIONSHIP. (C) $ 187,624 (D) KELLY VOWELS IS AN EMPLOYEE OF THE ORGANIZATION. (E) NO X 1 1950 FMV X 28 268452 FMV X 35 3968 FMV X 4 649 FMV X FURNITURE AND EQUIPMENT 3 9369 FMV X MISCELLANEOUS ITEMS 20 10871 FMV false true true SCHEDULE M, PART I, COLUMN B THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS DURING THE YEAR. SCHEDULE M, PART I, LINE 32B WILSON & BENNET ARE USED TO FUNDRAISE FOR THE ANNUAL FUND AND KELLER MCINTYRE & ASSOCIATES LLC ARE USED TO SOLICIT GOVERNMENT GRANT FUNDS. FORM 990, PART III, LINE 1 BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE. OUR MISSION IS TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. BUILDING A GREAT CATHOLIC COLLEGE REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL AND SPIRITUAL GREATNESS. FORM 990, PART III, LINE 4A BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE WITH A MISSION TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. WE HAVE A VISION TO BUILD ONE OF THE GREAT CATHOLIC COLLEGES IN AMERICA, AND ATTAINING THAT VISION REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL AND SPIRITUAL GREATNESS. BENEDICTINE COLLEGE IS LOCATED IN ATCHISON, KANSAS, ON A 120-ACRE CAMPUS OVERLOOKING THE MISSOURI RIVER, ABOUT 50 MILES NORTH OF KANSAS CITY, MISSOURI. THERE ARE INTERNATIONAL CAMPUSES IN FLORENCE, ITALY, AND DUBLIN, IRELAND. THE FALL OF 2016 SAW THE INTRODUCTION OF ARCHITECTURE AS A MAJOR. BENEDICTINE COLLEGE HAS ENJOYED ENROLLMENT GROWTH FOR 19 STRAIGHT YEARS AND CURRENTLY HAS A FULL-TIME UNDERGRADUATE STUDENT BODY OF 1,910 STUDENTS (2016-2017), NEARLY TRIPLING BENEDICTINE COLLEGE'S ENROLLMENT FROM 20 YEARS AGO. THE FRESHMAN CLASS ENTERING IN 2016 HAD ONE OF THE HIGHEST AVERAGE ACT SCORES AND HIGHEST AVERAGE GPAs IN SCHOOL HISTORY. FOR THE SECOND YEAR, THE AVERGAGE GPA WAS THE HIGHEST OF ANY FRESHMAN CLASS AT ANY COLLEGE OR UNIVERSITY IN KANSAS. IT IS OBVIOUS THAT BENEDICTINE COLLEGE IS ATTRACTING BOTH MORE STUDENTS AS WELL AS THE BEST AND THE BRIGHTEST. OVER 80% OF UNDERGRADUATE STUDENTS LIVE ON CAMPUS IN ACCORDANCE WITH THE COLLEGE'S STRONG RESIDENTIAL TRADITION. TO KEEP UP WITH ITS GROWTH, BENEDICTINE COLLEGE HAS OPENED 11 NEW RESIDENCE HALLS SINCE THE YEAR 2000. THE COLLEGE RECENTLY OPENED THE MURPHY RECREATION CENTER, A HEALTH AND FITNESS FACILITY WITH EXERCISE MACHINES, ROOMS FOR FITNESS AND SPINNING CLASSES, TWO BASKETBALL COURTS, AND AN INDOOR TURFED FIELD. CONSTRUCTION RENOVATION OF WESTERMAN HALL, THE SCIENCE BUILDING, WILL PROGRESS FOR SEVERAL YEARS. MORE THAN 40,000 SQUARE FEET WILL BE ADDED TO THE EXISTING 60,000 SQUARE FEET, WHICH WILL BE COMPLETELY RENOVATED. THE LARGEST CAPITAL PROJECT IN THE HISTORY OF THE COLLEGE, THE WESTERMAN UPGRADE WILL RESULT IN ONE OF THE BEST S.T.E.M. FACILITIES OF ANY SMALL COLLEGE IN AMERICA. NATIONAL SURVEYS PLACE BENEDICTINE'S STUDENT LIFE PROGRAM HIGHEST IN OVERALL RESIDENT SATISFACTION AND BENEDICTINE COLLEGE'S RETENTION RATE IS CONSISTENTLY ABOVE 90%. OUR ATHLETES HAVE EXCELLED ON THE FIELD AS WELL AS OFF, WITH 11 VARSITY SPORTS TEAMS RECEIVING NAIA SCHOLAR TEAM RECOGNITION AND BENEDICTINE COLLEGE BEING NAMED A CHAMPIONS OF CHARACTER FIVE STAR INSTITUTION BY THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS. ONE OF OUR STUDENTS WAS NAMED A 1st TEAM ALL-AMERICAN AND A 1st TEAM SCHOLAR ATHLETE ALL-AMERICAN AND WON THE NAIA NATIONAL CHAMPION OF CHARACTER AWARD. IN NATIONAL POST-SEASON COMPETITION, THE WOMEN'S SOCCER TEAM MADE IT TO THE FINAL FOUR. IN THE AREA OF ACADEMIC EXCELLENCE, BENEDICTINE IS NOW ONE OF THE FEW CATHOLIC COLLEGES IN THE NATION OFFERING ABET-ACCREDITED PROGRAMS IN CHEMICAL, CIVIL, ELECTRICAL, AND MECHANICAL ENGINEERING. OF MORE THAN 250 CATHOLIC COLLEGES IN AMERICA, BENEDICTINE IS ONE OF ONLY FOUR TO OFFER AN ARCHITECTURE PROGRAM. ON TOP OF THAT, BENEDICTINE COLLEGE IS THE ONLY INSTITUTION IN THE NAIA TO OFFER BOTH ARCHITECTURE AND ENGINEERING. SEVERAL OTHER NEW MAJORS HAVE BEEN ADDED IN RECENT YEARS, INCLUDING ART, CRIMINOLOGY, ENGINEERING PHYSICS, FINANCE, INTERNATIONAL BUSINESS, INTERNATIONAL STUDIES, EVANGELIZATION & CATECHESIS AND NURSING. THE COLLEGE HAS NOW GRADUATED THE FIRST SIX CLASSES OF BENEDICTINE ENGINEERS AND NURSES. ONCE AGAIN, ALL THE NURSES PASSED THEIR EXAMS AND HAVE JOBS IN THE MEDICAL FIELD AND THE ENGINEERS ARE HIGHLY SOUGHT. AGAIN THIS YEAR, BENEDICTINE COLLEGE APPEARED IN THE TOP 15 COLLEGES IN THE MIDWEST IN THE ANNUAL U.S. NEWS & WORLD REPORT RANKINGS OF AMERICA'S BEST COLLEGES. IN ADDITION, THE CARDINAL NEWMAN SOCIETY NAMED BENEDICTINE COLLEGE ONE OF THE TOP CATHOLIC COLLEGES IN THE UNITED STATES IN ITS PUBLICATION, THE NEWMAN GUIDE TO CHOOSING A CATHOLIC COLLEGE. AFTER AN EXTENSIVE NATIONAL STUDY, FIRST THINGS MAGAZINE ALSO NAMED BENEDICTINE COLLEGE TO ITS TOP 20. THE SCHOOL IS RANKED NUMBER 18 IN THE NATION BY THEIR RESEARCH, WHICH INCLUDED MORE THAN 2,000 COLLEGES AND UNIVERSITIES, FROM AMERICAN UNIVERSITY TO YALE. THE STUDY ALSO RANKED BENEDICTINE COLLEGE AMONG THE TOP 5 CATHOLIC COLLEGES IN THE COUNTRY. BENEDICTINE COLLEGE ALSO LAUNCHED AN HONORS PROGRAM, A GREGORIAN FELLOWS PROGRAM, AND THE GREGORIAN SPEECH DIGEST. THE ANNUAL SYMPOSIUM FOR THE NEW EVANGELIZATION HAS BECOME A MAINSTAY IN THE CHURCH'S MISSION TO REACH OUT TO CATHOLICS AND NON-CATHOLICS. THE MINISTRY PROGRAM IS NATIONALLY RECOGNIZED AND THE STUDENT LIFE PROGRAM HAS BECOME A MODEL FOR OTHER COLLEGES. EACH YEAR, THE RAVENS RESPECT LIFE STUDENT ORGANIZATION TAKES HUNDREDS OF STUDENTS TO THE ANNUAL MARCH FOR LIFE IN WASHINGTON, D.C. BENEDICTINE COLLEGE IS CONSISTENTLY GAINING IN IMAGE AND AWARENESS. THE CAMPUS HAS BEEN TRANSFORMED, WITH NEW RESIDENCE FACILITIES, A NEW RECREATION CENTER AND A FABULOUS NEW SIGNATURE ACADEMIC BUILDING. IN ADDITION, A SPECIALLY-COMMISSIONED STATUE OF ST. BENEDICT NOW WELCOMES VISITORS TO CAMPUS OUTSIDE THE HAVERTY CENTER AND A NEW STATUE OF HIS TWIN SISTER, ST. SCHOLASTICA, STANDS NEAR THE MAIN ENTRANCE. A RECENT ENTHRONEMENT OF THE SACRED HEART OF JESUS STATUE IN THE HEART OF CAMPUS WAS A HIGHLIGHT OF THE FALL. THE 2004 NOBEL PEACE PRIZE WINNER, WANGARI MAATHAI, A 1964 GRADUATE, WAS ALSO REMEMBERED WITH A STATUE IN ST. SCHOLASTICA PLAZA. IN ADDITION, A STATUE OF MOTHER TERESA, NOW ST. TERESA OF CALCUTTA, WAS INSTALLED OUTSIDE THE NURSING BUILDING THAT BEARS HER NAME. THE BENEDICTINE MONKS AND SISTERS WHO BRAVED THE AMERICAN FRONTIER OF THE MIDDLE 1800S WOULD BE PROUD OF THE INSTITUTION THAT STILL REPRESENTS THEIR VISION OF COMMUNITY, FAITH AND SCHOLARSHIP IN SUCH AN OUSTANDING WAY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION WHO ARE CLASS A MEMBERS OF THE BOARD OF DIRECTORS SHALL HAVE THE SOLE AND EXCLUSIVE POWER AND AUTHORITY TO SELECT AND ELECT THE SUCCESSOR TO THE ELECTIVE CLASS A MEMBERS OF THE BOARD OF DIRECTORS IN SUCH FASHION AS THEY DEEM APPROPRIATE AND SHALL PRESENT THE SUCCESSORS FOR SERVICE ON THE BOARD. THE MEMBERS OF THE CORPORATION WHO ARE CLASS B MEMBERS OF THE BOARD OF DIRECTORS SHALL HAVE THE SOLE AND EXCLUSIVE POWER AND AUTHORITY TO SELECT AND ELECT THE SUCCESSORS TO THE ELECTIVE CLASS B MEMBERS OF THE BOARD OF DIRECTORS IN SUCH FASHION AS THEY DEEM APPROPRIATE AND SHALL PRESENT THE SUCCESSORS FOR SERVICE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B SUBJECT TO THE LIMITATIONS AND PROVISIONS OF THE ARTICLES OF INCORPORATION AND OF THE BYLAWS WITH RESPECT TO THE ELECTION OF DIRECTORS, EACH MEMBER SHALL HAVE ONE VOTE ON ALL MATTERS COMING BEFORE THE MEMBERS. ANY ACTION BY THE MEMBERS OF THE CORPORATION, UNLESS SPECIFICALLY SET FORTH IN THE ARTICLES OF INCORPORATION OF THE CORPORATION (THE ARTICLES OF INCORPORATION) OR IN THE BYLAWS, SHALL REQUIRE AN AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE CORPORATION FROM EACH INDIVIDUAL CLASS OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE 990 IS THEN PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD AND THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE OR ELECTION (IN THE CASE OF DIRECTORS) AND ANNUALLY THEREAFTER, THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES SHALL PROVIDE THE APPLICABLE CONFLICT OF INTEREST DISCLOSURES WHICH SHALL BE COMPLETED TO IDENTIFY ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH IT IS BELIEVED A CONFLICT MAY ARISE. IF A CONFLICT ARISES, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE ABSTAINS FROM THE VOTE OF THE CONFLICTED POSITION. AN APPROPRIATE REPORT SHALL BE SUBMITTED TO THE EXECUTIVE BOARD CONCERNING ANY INTEREST DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15A & B LINE 15A - THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGAN WITH THE BOARD REQUIRING A 5 YEAR REVIEW OF THE PRESIDENT'S SALARY AND A REVIEW FOR THE SAME PERIOD AT COLLEGES OF LIKE SIZES. A COMPENSATION STUDY WAS DONE BY CBIZ IN 2016. ADDITIONALLY, THE BOARD REQUIRED A COMPREHENSIVE REVIEW OF HIS SALARY TO INCLUDE NON-TANGIBLE BENEFITS. THE ORGANIZATION'S PROCESS FOR DETERMINING PRESIDENT COMPENSATION BEGINS WITH AN INITIATIVE LEAD BY THE CHAIRMAN OF THE GOVERNING BOARD. THE CHAIRMAN COMPARES COMPENSATION AND SALARY DATA WITH OTHER ORGANIZATIONS OF A SIMILAR SIZE AND INDUSTRY. THE CHAIRMAN REVIEWS THE DATA AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS IN A CLOSED EXECUTIVE COMMITTEE MEETING WHERE THE COMPENSATION IS THEN VOTED UPON. LINE 15B - THE PRESIDENT CONDUCTS AN ANNUAL REVIEW OF OTHER OFFICER AND KEY EMPLOYEE'S COMPENSATION BASED ON COMPARABLE SALARY DATA OF OTHER ORGANIZATIONS OF SIMILAR SIZE AND INDUSTRY. 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 INCREASE IN CSV OF LIFE INSURANCE $ 13,899 PARTNERSHIP INCOME $(214,986) --------- $(201,087) KANSAS INDEPENDENT COLLEGE FUND 700 S KANSAS AVENUE NO 622B TOPEKA KS 66603 480636041 SUPPORT KS 501(C)(3) 12A NA false false false true false false false false false false false false false false false false false false false false