2017-02-13T11:07:39-06:00 2016-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2015-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 LAURIE HAMEN PRESIDENT 3193686470 2017-02-09 1 CARLEY UMSTEAD P00982177 3192985333 2015 2021-01-29 14:40:06Z LAURIE HAMEN 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 89987939 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,800 STUDENTS 28 27 1009 250 -6155 -6155 4367019 5229437 35593238 40742543 1391834 -160469 347362 278655 41699453 46090166 10608177 13981505 0 0 17050569 17631876 66171 52478 1093114 12640761 12353570 40365678 44019429 1333775 2070737 78943418 77929322 17331104 15509728 61612314 62419594 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 0 26995497 13981505 35994891 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 2015, THERE WERE 1,119 TRADITIONAL, 349 ACCELERATED AND 334 GRADUATE AND 75 ONLINE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,285; GRADUATE FTE WAS 287. 1624905 4386721 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 2991845 360931 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 5495615 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 5495615 37107862 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 2584 0 1 1009 1 1 1 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 DOUG BROCK 3193638213 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 BRANDT A WORLEY CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA A BARHAMAND VICE CHAIR & TRUSTEE 1.00 X X 0 0 0 SR MARY LOU PODZIMEK SECRETARY & TRUSTEE 1.00 X X 0 0 0 SR MARGARET WEIGEL ASSISTANT SECY & TRUSTEE 1.00 X X 0 0 0 CHARLES ROHDE IMMEDIATE PAST CHAIR & TRUSTEE 1.00 X X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 F JAMES BRADLEY TRUSTEE 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LORREN COPPOCK TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 SR DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 KIRK KAALBERG TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT F KAZIMOUR TRUSTEE 1.00 X 0 0 0 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BRUCE KING TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 SCOTT LYNCH 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 DYAN SMITH TRUSTEE 1.00 X 0 0 0 SR KATHY THORNTON TRUSTEE 1.00 X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 40.00 X X 295760 0 33028 JANET HANDLER PROVOST 40.00 X 141288 0 26164 DOUGLAS BROCK VP FINANCE & BUSINESS 40.00 X 139298 0 38800 ROBERT CALLAHAN VP ENROLLMENT & STUDENT SERVICES 40.00 X 143092 0 34522 BRENDA HAEFNER VP DEV & ALUMNI RELATIONS 40.00 X 100561 0 10168 819999 0 142682 5 0 1 0 ARAMARK CORPORATION 6000 FELDWOOD ROAD COLLEGE PARK PA 30349 FOOD SERVICE 1975599 ROYALL & COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 CONTRACTOR 245075 SHIVE HATTERY INC 616 2ND ST SE CEDAR RAPIDS IA 52401 ARCHITECTURAL SERVICES 205715 CEDAR VALLEY TRANSIT LINES 6100 7TH ST CT SW CEDAR RAPIDS IA 52404 TRANSPORTATION 169254 LEARNING HOUSE INC 427 S 4TH ST 300 LOUISVILLE KY 40202 EDUCATIONAL DELIVERY 164000 7 31180 171603 5026654 145202 5229437 TUITION & FEES 611600 35677034 35677034 AUXILARY SERVICE 611710 4386721 4386721 FEES & ASSESSMENTS 611710 360931 360931 MISCELLANEOUS 611710 240496 240496 STUDENT FEES 611710 77361 77361 40742543 544647 -6155 550802 42619401 43324517 -705116 -705116 -705116 16868 31180 10289 6579 6579 835043 562967 272076 272076 46090166 40742543 -6155 124341 13981505 13981505 984160 790370 193790 12743336 11580960 817737 344639 614047 503455 81823 28769 2334397 1985584 256160 92653 955936 792428 127218 36290 40006 40006 146091 146091 52478 52478 96159 96159 2587768 2216249 297303 74216 588207 309742 278465 1338661 1090754 156155 91752 660807 511086 126128 23593 447680 382698 49602 15380 96848 62841 27175 6832 445011 445011 2103267 1689084 336212 77971 375393 78849 296544 EQUIPMENT RENTAL & MAIN 1195846 899468 277329 19049 BAD DEBT 769036 769036 STUDENT/ATHLETIC/FUNCTI 728169 682301 12516 33352 MEMBERSHIPS & JOURNALS 227091 101435 123357 2299 507530 239423 268056 51 44019429 37107862 5818453 1093114 3725 4400 4420946 5045263 4955163 3941525 3050367 2104295 174059 181148 309921 407805 71113450 31660985 39411695 39452465 21600701 15975939 3470317 9115066 1344563 1499455 201961 201961 78943418 77929322 3133554 2902457 560400 433182 10477580 9646246 550000 1071989 2609570 1455854 17331104 15509728 X 36723104 35853010 8407330 9644541 16481880 16922043 61612314 62419594 78943418 77929322 X 2070737 -274941 104729 -1093245 X 0 1 X 1 1 1 X 4222890 4601024 4686462 4367019 5229437 23106832 4222890 4601024 4686462 4367019 5229437 23106832 5642460 17464372 483613 726702 1027710 1031729 550802 3820556 26927388 184584432 0.64860 0.62260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25946589 1077174 -530158 595903 773124 25124578 26784175 741479 -660840 704540 213685 25946589 24159789 411738 3273382 507974 552760 26784175 23086145 867093 2530247 389372 1934324 24159789 23585566 692214 -293968 339500 558167 23086145 0.21000 0.67000 0.12000 0 0 1949102 1949102 51706884 20624533 31082351 11749518 9654344 2095174 5707946 1382108 4325838 39452465 BENEFICIAL INTEREST IN CHARITABLE TRUSTS 3262517 F PRIVATE EQUITY FUND 3800133 F COLLATERALIZED DEBT OBLIGATION 1975120 F REAL ESTATE 77296 F 9115066 ANNUITIES PAYABLE 82000 DUE TO US GOVT PROGRAM 1117609 CAPITAL LEASE AGREEMENTS 256245 1455854 X 32411412 -274941 104729 466808 296596 32114816 13975350 13975350 46090166 30504732 562967 562967 29941765 14077664 14077664 44019429 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, 2016 AND 2015, 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, 2012 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 562,967. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -96,159. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 13,981,505. K-1 PASSTHROUGH INCOME -6,155. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 562,967. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 13,981,505. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 96,159. 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 4918000 0 0 0 0 0 0 4918000 0 4918000 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 146139 52478 93661 146139 52478 93661 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 43680 31180 12500 100 2150 5750 2289 43680 31180 12500 100 2150 5750 2289 10289 2211 1 ENDOWED SCHOLARSHIPS 292 595903 ATHLETIC SCHOLARSHIPS 509 1514077 MERIT SCHOLARSHIPS 1177 11871525 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 X 1 1 X 0 0 0 0 0 0 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 250000 0 17500 0 28260 0 15850 0 17178 0 328788 0 0 0 JANET HANDLER PROVOST 138881 0 0 0 2407 0 8641 0 17523 0 167452 0 0 0 DOUGLAS BROCK VP FINANCE & BUSINESS 138793 0 0 0 505 0 9000 0 29800 0 178098 0 0 0 ROBERT CALLAHAN VP ENROLLMENT & STUDENT SERVICES 131985 0 10950 0 157 0 8340 0 26182 0 177614 0 0 0 PART I, LINE 1A ON THE OFFICER'S W-2S, EXPENSES PAID FOR TRAVEL FOR COMPANIONS ARE SHOWN AS TAXABLE WAGES. 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 A 5656667 9970000 27136 9942864 2012 1 0 1 1 B 1700000 7278476 16400 7278476 2013 1 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 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 A 1 B 1 X 19 145202 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 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 11 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 -51,292. LOSS ON UNCOLLECTIBLE RECEIVABLE -1,048,108. K-1 PASSTHROUGH INCOME 6,155.