2017-02-15T00:00:00-06:00 2016-06-30 390859910 Baker Tilly Virchow Krause LLP 2201 E Enterprise Ave PO Box 2459 Appleton WI 549122459 990 2015-07-01 390806154 Mount Mary University MOUN 4149303126 2900 N Menomonee River Parkway Milwaukee WI 53222 Eileen Schwalbach President 4149303126 2017-02-16 1 Troy E Marine CPA P00187863 9207337385 2017-02-15 2015 2017-02-10 21:41:12Z Eileen Schwalbach 2900 N Menomonee River Parkway Milwaukee WI 53222 47159236 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 30 689 250 -11921 -11921 4861560 6083483 25565788 27655367 2018809 1019863 268591 414634 32714748 35173347 8411608 9658423 0 0 1458433 15603480 0 0 682611 21390997 8377777 31261038 33639680 1453710 1533667 56863081 59624840 10653683 13697257 46209398 45927583 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 10525136 9658423 25915703 Mount Mary University had approximately 816 undergraduate and 509 graduate students enrolled for the fiscal year ending June 30, 2016. During this period, 148 bachelors degrees and 15 post baccalaureate certificates, 4 Doctoral, and 174 graduate degrees were awarded to students. 4038104 The University services approximately 1145 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. 10365221 1739664 Auxiliary enterprises services approximately 220 students with contracted services for food service, the book store and in-house functions for dormitories. 24928461 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 1 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 1 109 0 1 689 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 Gary Jorgensen Chair 1.00 X X 0 0 0 Eileen Schwalbach President 50.00 X X 260000 0 43001 Suzanne Andrew Trustee 1.00 X 0 0 0 Barbara Bolens Trustee 1.00 X 0 0 0 Norman Barrientos 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 Susan Bellehumeur Trustee 1.00 X 0 0 0 Sister Jacqueline Buckley Trustee 1.00 X 0 0 0 Sister Katheryn Berger Trustee 1.00 X 0 0 0 Camille Burke Trustee 1.00 X 0 0 0 Erickajoy Daniels Trustee 1.00 X 0 0 0 Mary Beth Kingston Trustee 1.00 X 0 0 0 Kathryn Maegli Davis Trustee 1.00 X 0 0 0 Anne Koenings Trustee 1.00 X 0 0 0 Veronica Gunn Trustee 1.00 X 0 0 0 Kristine Krause Trustee 1.00 X 0 0 0 Mary Jo Layden Trustee 1.00 X 0 0 0 Leon Janssen Trustee 1.00 X 0 0 0 Linda Marcus Trustee 1.00 X 0 0 0 Cheryl Maurana Trustee 1.00 X 0 0 0 Jose Olivieri Trustee 1.00 X 0 0 0 Goldi Miller Trustee 1.00 X 0 0 0 Sister Mary Anne Owens Trustee 1.00 X 0 0 0 Tchernavia Rocker Trustee 1.00 X 0 0 0 Sister Pamela Moehring Trustee 1.00 X 0 0 0 Amelia Macareno 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 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 Marie O'Brien Vice Chair 1.00 X X 0 0 0 Beth Wnuk Vice President 50.00 X 179300 0 10776 Reyes Gonzalez Vice President 50.00 X 172329 0 25122 David Wegener Vice President 50.00 X 119916 0 25255 Lynn Sprangers Vice President 50.00 X 119719 0 6600 Sister Joan Penzenstadler Vice President 50.00 X 32791 0 2623 Pam Owens Vice President 50.00 X 110000 0 14884 Karen Friedlen Vice President 50.00 X 122400 0 31892 Jane Olson vice president 50.00 X 119901 0 17542 Marc Belanger Director of IT 50.00 X 100000 0 6561 Cheryl Bailey Dean Natural & Health Sciences 50.00 X 97000 0 14079 Barbara Armstrong Dean Business, Arts & Design 50.00 X 99900 0 555 1533256 0 198890 8 0 1 0 Food Service Inc 1801 W Glendale Avenue Milwaukee WI 53222 Catering and food services 678186 Conference Technologies PO Box 66726 St Louis MO 631666726 Technology Updates 289266 Mahler Enterprises Inc 600 N Broadway Milwaukee WI 53202 Janitorial Services 247386 Duet Resource Group Inc 440 W Vliet Street Milwaukee WI 53212 Professional Consulting Services 151007 Bluemound Builder Supply W233N2847 Roundy Circle West Pewaukee WI 53072 Construction 146587 23 42590 113912 5926981 183734 6083483 Student Tuition 611600 25747309 25747309 Auxiliary Enterprises 722320 1739664 1739664 Department Revenue 900099 104546 104546 Interest on tuition receivables 611600 53548 53548 MMC Community Rental 611600 10300 10300 27655367 835215 835215 152875 57825 95050 95050 -11921 106971 12017426 11832778 184648 184648 184648 111092 42590 95286 15806 15806 Miscellaneous 611600 303778 303778 303778 35173347 27655367 -11921 1446418 9658423 9658423 1377963 333863 919216 124884 10995531 8495870 2085867 413794 501255 390166 96402 14687 2728731 1702022 927406 99303 169811 169811 116110 116110 69470 69470 823466 823466 554113 295068 235087 23958 574366 574366 169597 145104 20854 3639 54897 29400 23151 2346 168755 168755 1576203 893222 682981 245153 245153 Operations and Maintena 1973518 1200299 773219 Auxiliary 937980 937980 Other Instructional exp 508226 508226 Other student services 225878 225878 210234 112940 97294 33639680 24928461 8028608 682611 2229609 1256371 1971971 143361 1565148 4328862 1337609 1088933 703271 494547 153043 46053661 20960128 24545794 25093533 23896740 26698589 619873 118392 242275 56863081 59624840 2591246 1846274 742172 848543 6225000 9520000 25137 7190 1070128 1475250 10653683 13697257 X 23106369 21851699 7710393 8234333 15392636 15841551 46209398 45927583 56863081 59624840 X 1533667 -1045067 -770414 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15873321 1181405 -26775 -1151120 18179071 14734692 1625553 98793 585717 15873321 11451199 1500638 1825785 42930 14734692 10712083 212949 1232883 706716 11451199 11090243 214862 -47200 507000 38822 10712083 0.01170 0.11690 0.87140 0 0 516846 516846 30334991 16674152 13660839 10823322 3463894 7359428 4378502 822082 3556420 25093533 Annuity Obligations 56244 Refundable advances from the U.S. Government 817142 Interest rate swap 601864 1475250 X 23757268 -1045067 -429480 -1474547 25231815 9941532 9941532 35173347 24039082 57825 57825 23981257 9658423 9658423 33639680 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, 2016 and 2015. The University's tax returns are subject to review and examination for federal and state authorities. Open tax years subject to examination by the U.S. and state taxing authorities are for the years 2013 to 2015, which statues expire in 2016 to 2018, respectively. Part XI, Line 2d - Other Adjustments: Rental Expenses 57,825. Excess Withdrawals over income earned for pooled endowment investment -112,368. Change in Fair Value of Interest Rate Swap Agreement -374,937. Part XI, Line 4b - Other Adjustments: Scholarships and Tuition Discounts 9,658,423. Change in value/split-interest agreement 283,109. Part XII, Line 2d - Other Adjustments: Rental Expenses 57,825. Part XII, Line 4b - Other Adjustments: Scholarships and tuition discounts 9,658,423. 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 26954 Central America and Caribbean 0 0 Travel, Hotels, Meals, Tours, Tuition, Scholarships, Insurance Program Services 38903 East Asia and the Pacific 0 0 Travel, Hotels, Meals, Tours, Tuition, Scholarships, Insurance Program Services 37330 Sub-Saharan Africa 0 0 Scholarships Program Services 12750 0 0 0 0 0 0 115937 0 115937 Europe Tuition 36860 Check East Asia and the Pacific Tuition 158388 Check 2 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 92029 92029 2074 20882 Fashion Show 36683 17000 19683 8088 170 39586 1 24970 25590 -620 381 4900 19117 88 153682 42590 111092 8469 7144 79585 88 95286 15806 1 Educational Scholarships 829 9658423 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 260000 0 0 0 0 0 26000 0 17001 0 303001 0 0 0 Beth Wnuk Vice President 179300 0 0 0 0 0 10062 0 714 0 190076 0 0 0 Reyes Gonzalez Vice President 172329 0 0 0 0 0 9939 0 15183 0 197451 0 0 0 Karen Friedlen Vice President 122400 0 0 0 0 0 12240 0 19652 0 154292 0 0 0 A Wisconsin Health and Educational Facilities Authority 391337855 NONEAVAIL 2013-07-01 6535000 Facilities Constructions 0 0 0 A 6535000 139677 6395323 0 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 0 1 A 1 VJS Construction Services Inc A trustee of the University 300369 A Trustee is a principal of VJS construction services, Inc. Mount Mary contracted with VJS Construction Services, Inc. to provide construction management services. 0 Michael Best & Friedrich LLP A trustee of the University 116910 A Trustee is a principal of Michael Best & Freidrich LLP. Mount Mary secures legal services from Michael Best & Friedrich LLP. 0 Robert W Baird & Co Inc A trustee of the University 85383 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 183734 FMV 0 1 0 Form 990, Part VI, Section B, line 11 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 -374,937. Change in value/split interest agreement -283,109. Excess withdrawals over income earned for pooled endowment investment -112,368. 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 15000 Actual Cost