2016-03-07T08:33:05-06:00 2015-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2014-07-01 480777079 BENEDICTINE COLLEGE % RONALD J OLINGER BENE 9133675340 1020 N 2ND ST ATCHISON KS 66002 RONALD J OLINGER CFO 9133675340 2016-05-15 true Michael J Engle P00482834 8162216300 2014 2016-08-17 19:52:53Z STEPHEN D MINNIS 1020 N 2ND STREET ATCHISON KS 66002 76014623 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 SCHOLARSHIP. 30 28 1152 30 217237 11336944 8999787 54331451 60633257 1245140 1833921 643332 631010 67556867 72097975 20770983 23047833 0 0 19396051 20303462 55000 55000 1443708 20848442 22760502 61070476 66166797 6486391 5931178 130125989 134913587 56242077 56738004 73883912 78175583 X SEE SCHEDULE O false false 56608062 23047833 61333393 SEE SCHEDULE O 56608062 true true false false false false false true false true true false false false true false true false true true true false false true true false false false true true true false false false false false false true false false false true false false false false true false false false true 2284 0 true 1152 true true true false false false false true true true 1 false false false X 30 28 true false false false false true true true true false false true true true true true true true false true false X RONALD J OLINGER 9133675340 1020 N 2ND STREET ATCHISON KS 66002 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 SHIRLEY CHENOWETH 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 KEVIN E KRAMER DIRECTOR 1.0 0.0 X 0 0 0 DAVID M LAUGHLIN DIRECTOR 1.0 0.0 X 0 0 0 STEPHEN E MCBRIDE 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 RICHARD SULLIVAN 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 PAUL D WESTERMAN 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 JOAN KOECHNER 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 STEPHEN D MINNIS DIRECTOR & PRESIDENT 40.0 1.0 X 287654 0 109880 KIMBERLY C SHANKMAN VICE PRESIDENT 40.0 0.0 X 117070 0 25059 RONALD J OLINGER TREASURER & CFO 40.0 0.0 X 144885 0 24634 KRISTIE R SCHOLZ ASST TREASURER 40.0 0.0 X 73481 0 4327 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 137092 0 20092 TIM ANDREWS EXEC DIR. ALUMNI & DONOR REL. 40.0 0.0 X 105329 0 41003 865511 0 224995 5 false true false LAWHON CONSTRUCTION CONSTRUCTION 9084750 ARAMARK SERVICES FOOD SERVICE 2996658 STRAUB CONSTRUCTION CO INC CONSTRUCTION 2981075 MCANANY CONSTRUCTION INC CONSTRUCTION 795814 HUNDLEY CONSTRUCTION INC CONSTRUCTION 472137 16 517293 7338 8475156 1751549 8999787 Tuition and Fees 611600 46306784 46306784 Room and Board 611600 13436992 13436992 Student Activities 611710 744142 744142 Athletic Income 611710 145339 145339 60633257 633112 633112 0 0 0 0 0 4629270 3428461 1200809 1200809 1200809 123915 517293 193041 -69126 -69126 0 377068 295146 81922 81922 COMSPEC 611710 10000 10000 CATERING SERVICES 722320 94276 94276 CONFERENCE 541900 134784 134784 379154 400977 -21823 618214 72097975 61116156 217237 1764795 0 23047833 23047833 0 0 846544 159489 687055 0 14820314 12245157 1814517 760640 381125 319412 41582 20131 3257372 1719164 1459894 78314 998107 836173 111572 50362 0 55410 55410 62785 62785 0 55000 55000 127665 127665 4755498 4408116 210952 136430 121741 8466 113275 885313 534301 280877 70135 776731 94728 681903 100 0 1675802 1335005 284325 56472 900792 841770 35624 23398 0 84828 76206 6653 1969 2000506 2000506 0 6130394 5215240 895618 19536 298359 229079 57747 11533 ACADEMIC SUPPORT 753079 753079 AUXILIARY EXPENSES 894432 881331 13101 INSTRUCTION & DEPT RESEARCH 264745 264745 STUDENT SERVICES 900509 900509 2071913 737753 1174472 159688 66166797 56608062 8115027 1443708 142700 529643 4624829 4311435 6478142 4429512 407348 420136 0 0 0 0 0 0 284479 281436 362475 290159 138126995 53139013 82455683 84987982 29745440 33957255 0 0 3403521 3329937 0 0 2221372 2376092 130125989 134913587 4484140 3908891 0 0 2381845 2124762 45282229 46464033 0 0 0 0 0 0 0 0 4093863 4240318 56242077 56738004 X 40542647 44512164 15155862 14215417 18185403 19448002 73883912 78175583 130125989 134913587 X 5931178 -1702608 63101 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1808275 X false false false 24406317 3002410 76281 1290880 5057 124272 26064799 21053399 1262471 2910812 701826 4902 113637 24406317 19435866 447225 1922225 648514 3992 99412 21053398 19476061 294310 368235 620758 81981 19435867 16778488 678561 2676333 485378 171852 19476152 0.08280 0.74610 0.17110 false false 1144395 1144395 121326576 41013048 80313528 15656024 12125965 3530059 84987982 0 Student Deposits 329160 REFUNDABLE GOVT LOAN PROGRAMS 3295390 ASSET RETIREMENT OBLIGATION 406527 Annuity & Trust Obligations 209241 4240318 47771157 -1702608 551288 -1151320 48922477 127665 23047833 23175498 72097975 43479486 488187 488187 42991299 127665 23047833 23175498 66166797 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 STUDENT UNION AND THE STATUES OF ADAM, ST. PETER AND ST. PAUL ARE LOCATED IN THE HEART OF CAMPUS ALONG THE RAVEN WALK. 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. 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 $ 20,349 BOOKSTORE COGS $ 295,146 FUNDRAISING EXPENSES $ 193,041 CHANGE IN PV OF SPLIT LIFE INSURANCE $ 42,752 ----------- $ 551,288 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $ 23,047,833 SCHEDULE D, PART XII, LINE 2D BOOKSTORE COGS $ 295,146 FUNDRAISING EXPENSES $ 193,041 ----------- $ 488,187 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 23,047,833 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 BENEDICTINE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE CATALOG, WHICH EVERY STUDENT RECEIVES UPON RECEIVING NOTICE OF ACCEPTANCE. SCHEDULE E, PART I, LINE 6A BENEDICTINE RECEIVES TITLE IV FUNDS FROM THE DEPARTMENT OF EDUCATION. EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1 PROGRAM SERVICES EDUCATION 535115 1 1 1 1 535115 535115 false false false false false false X X X X X X X true WILSON AND BENNET FUNDRAISING false 322224 55000 267224 322224 55000 267224 All States SCHOLARSHIP BAL 552570 466615 85955 85216 5540 61356 GOLF TOURNAMENT 77941 45376 32565 8595 6100 17967 1 10697 5302 5395 4350 3917 641208 517293 123915 12945 91316 5540 83240 193041 -69126 true STUDENT AID/ SCHOLARSHIPS 1839 23047833 SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE INSTITUTIONAL FINANCIAL AID AND 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 false true false false false false false false false STEPHEN D MINNIS DIRECTOR & PRESIDENT 264297 0 0 0 23357 0 68233 0 41647 0 397534 0 0 0 RONALD J OLINGER TREASURER & CFO 141459 0 1591 0 1835 0 7427 0 17207 0 169519 0 0 0 KELLY VOWELS VP OF INSTITUTIONAL ADV. 115151 0 21591 0 350 0 1005 0 19087 0 157184 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 RECIEVES SOCIAL CLUB DUES THAT ARE TAXABLE AND INCLUDED IN HIS W-2. Benedictine College paid travel costs for the president's spouse. The costs were not included in the president's W-2. Benedictine College considers the travel to be a bona fide business purpose. Schedule J, Part I, Line 4B Stephen D. Minnis $ 55,233 A ATCHISON COUNTY KANSAS 486025049 046597BC3 2007-12-27 4824916 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046617AX4 2008-01-23 5232252 SEE PART VI false false false C KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 4B526HVB9 2010-05-18 10785000 SEE PART VI false false false D ATCHISON COUNTY KANSAS 486025049 046597BT6 2011-11-16 9990000 SEE PART VI false false false A 570000 0 4860030 171825 137584 0 96000 0 0 4453759 0 0 2008 false false true true B 630000 0 5279477 184357 462085 0 104000 0 0 4528279 0 0 2009 false false true true C 2945000 0 10785000 732260 0 0 210600 0 0 3827385 6747015 0 2013 true false true true D 1020000 0 10002858 757748 165634 0 199800 0 0 8887424 0 0 2014 false false true true A false true false false 0.00000 0.00570 0.00570 false false false true B false true false false 0.00000 0.00570 0.00570 false false false true C false true true true false 0.00000 0.00120 0.00120 false false false true D false true true true false 0.00000 0.00000 0.00000 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 false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true PART 1, LINE A, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities. PART 1, LINE B, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities. PART 1, LINE C, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities and Refund 2003 Bonds. The 2003 Bonds were originally issued 3-31-2003. PART 1, LINE D, Column (F) - Tax Exempt Bonds #1 Constructing, improving and equipping educational facilities. PART 1, LINE A, 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, LINE B, 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, LINE C, Column (F) - Tax Exempt Bonds #2 Constructing, furnishing and renovating educational facilities. PART 1, LINE D, Column (F) - Tax Exempt Bonds #2 Constructing, furnishing and renovating educational facilities. Part II, Line 3, Column A - TAX-EXEMPT BONDS #1 Amount is not equal to the issue price due to investment earnings earned during the project period. Part II, Line 3, Column B - TAX-EXEMPT BONDS #1 Amount is not equal to the issue price due to investment earnings earned during the project period. Part II, Line 3, Column D - TAX-EXEMPT BONDS #1 Amount is not equal to the issue price due to investment earnings earned during the project period. Part II, Line 11, Column C - TAX-EXEMPT BONDS #1 This amount was used to refund the 2003 bonds. Part II, Line 11, Column A - TAX-EXEMPT BONDS #2 This amount was used to refund a portion of the 2004 bonds. Part II, Line 11, Column B - TAX-EXEMPT BONDS #2 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 III, Line 5, Column A, B and C - TAX-EXEMPT BONDS #1 This represents the maximum amount of potential private business use that may result from unrelated trade or business activity. Part IV, Line 2c, Column A - TAX-EXEMPT BONDS #1 The Arbitrage Rebate Analysis was performed as of 12-1-2012 Part IV, Line 2c, Column B - TAX-EXEMPT BONDS #1 The Arbitrage Rebate Analysis was performed as of 10-1-2012. Part IV, Line 2c, Column C - TAX-EXEMPT BONDS #1 The Arbitrage Rebate Analysis was performed as of 4-1-2015. Part IV, Line 6, Column B - TAX-EXEMPT BONDS #2 There was approximately $5,000 in the costs of issuance fund after the 13-month temporary period. A ATCHISON COUNTY KANSAS 486025049 2012-04-26 1805000 SEE PART VI false false false B ATCHISON COUNTY KANSAS 486025049 046617BN5 2013-03-27 4905000 SEE PART VI false false false C ATCHISON COUNTY KANSAS 486025049 046617BQ8 2013-09-30 4735000 SEE PART VI false false false D ATCHISON COUNTY KANSAS 486025049 046617BX3 2014-01-07 8000000 SEE PART VI false false false A 511000 0 1805000 0 0 0 34625 0 0 0 1770375 0 2006 true false true true B 435000 0 4905000 0 0 0 90065 0 0 0 4814935 0 2006 true false true true C 0 0 4735000 364788 6034 0 88666 0 0 4280300 0 0 2014 false false true true D 0 0 8000000 376900 7706 0 143708 0 0 7473586 0 0 2014 false false true true A false true false false 0.00000 0.00000 0.00000 false false false true B false true false false 0.00000 0.00000 0.00000 false false false true C false true true true false 0.00000 0.00000 0.00000 false false false true D false true true true false 0.00000 0.00000 0.00000 false false false true A true true false 0 false 0 false true B false true false false 0 false 0 true true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true 11970 Grad Assistant Award ATHLETICS 12000 Institutional Scholarship Academic/Gregorian 24000 Athletic Award Women's Basketball X 1917 FMV X 24 1662322 FMV X 2 39262 FMV X MISCELLANEOUS ITEMS 7 12078 FMV X DONATED MEALS 2 5995 FMV X Furniture and Equipment 8 29975 FMV 1 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 AN ENDOWMENT CONSULTANT IS USED TO SOLICIT CONTRIBUTIONS. 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 TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL, 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 IS A GRADUATE PROGRAMS SATELLITE CAMPUS IN ROELAND PARK, KANSAS, AND AN INTERNATIONAL CAMPUS IN FLORENCE, ITALY, NOW IN ITS 10TH YEAR. FOR THE CURRENT ACADEMIC YEAR (2014-15), BENEDICTINE COLLEGE IS BLESSED TO HAVE THE LARGEST FULL-TIME UNDERGRADUATE STUDENT BODY IN ITS HISTORY WITH MORE THAN 1,854 STUDENTS, NEARLY TRIPLING BENEDICTINE COLLEGE'S ENROLLMENT FROM 20 YEARS AGO. THE FRESHMAN CLASS ENTERING IN 2015 HAD THE HIGHEST AVERAGE ACT SCORE AND HIGHEST AVERAGE GPA IN SCHOOL HISTORY. 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. LAST YEAR, THE COLLEGE OPENED OUR LADY OF GUADALUPE HALL FOR WOMEN AND LEMKE HALL FOR MEN. IN ADDITION, A RENOVATION AND EXPANSION OF THE DINING HALL WAS COMPLETED AND A NEW STUDENT SUCCESS CENTER WAS BUILT. A NEW BASEBALL STADIUM AND A NEW SOFTBALL FACILITY OPENED LAST SPRING AND A NEW STUDENT RECREATION CENTER IS SLATED FOR COMPLETION FOR SPRING 2016. 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. SEVENTEEN ATHLETES WERE NAMED NAIA DAKTRONICS SCHOLAR ATHLETES. THE MEN'S BASKETBALL TEAM, WOMEN'S BASKETBALL TEAM, MEN'S AND WOMEN'S CROSS COUNTRY TEAMS AND WOMEN'S SOCCER TEAM ALL WON THEIR HEART OF AMERICA ATHLETIC CONFERENCE CHAMPIONSHIPS AND WENT INTO NATIONAL COMPETITION. THE WOMEN'S BASKETBALL TEAM MADE IT TO THE SWEET 16 OF THE NAIA NATIONAL TOURNAMENT AND 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. ALSO, SEVERAL 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 FOUR CLASSES OF BENEDICTINE ENGINEERS AND NURSES. ALL THE NURSES PASSED THEIR EXAMS AND HAVE JOBS IN THE MEDICAL FIELD. THIS YEAR, BENEDICTINE COLLEGE APPEARED IN THE TOP 20 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 AS MANY AS 8 BUSLOADS, NEARLY 25% OF THE STUDENT POPULATION, TO WASHINGTON, D.C., AND THE ANNUAL MARCH FOR LIFE. BENEDICTINE COLLEGE IS CONSISTENTLY GAINING IN IMAGE AND AWARENESS. IT HAS AVERAGED 6% GROWTH IN ENROLLMENT EACH YEAR FOR THE PAST 15 YEARS. THE CAMPUS HAS BEEN TRANSFORMED, WITH NEW RESIDENCE FACILITIES 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. REPLICAS OF THE STATUES OF ST. BENEDICT AND ST. SCHOLASTICA THAT STOOD IN THE ADMINISTRATION BUILDING AT MOUNT ST. SCHOLASTICA COLLEGE WERE INSTALLED IN THE ENTRANCE TO THE FERRELL ACADEMIC CENTER. THE 2004 NOBEL PEACE PRIZE WINNER, WANGARI MAATHAI, A 1964 GRADUATE, WAS ALSO REMEMBERED WITH A STATUE IN ST. SCHOLASTICA PLAZA. AND FINALLY, A NEW STATUE OF OUR LADY OF GUADALUPE, SCULPTED FROM THE WOOD OF AN ASH TREE, WAS INSTALLED IN AN ART NICHE INSIDE GUADALUPE HALL. THE BENEDICTINE MONKS AND SISTERS WHO BRAVED THE AMERICAN FRONTIER OF THE MIDDLE 1800S WOULD BE PROUD TO SEE THE INSTITUTION THAT STILL REPRESENTS THEIR VISION OF COMMUNITY, FAITH AND SCHOLARSHIP IN SUCH AN OUSTANDING WAY. FORM 990, PART VI, SECTION A, LINE 2 LENE WESTERMAN AND PAUL WESTERMAN HAVE A FAMILY RELATIONSHIP AS WELL AS A BUSINESS RELATIONSHIP. 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 11A 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 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, LINES 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. 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. This past year we conducted a salary analysis of all positions vetted against national data and adjusted regionally. We made adjustments to salaries as appropriate and we will continue to do this on an ongoing basis. 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 $ 20,349 CHANGE IN PV OF SPLIT LIFE INSURANCE $ 42,752 -------- $ 63,101 KANSAS INDEPENDENT COLLEGE FUND 700 S KANSAS AVENUE NO 622B TOPEKA KS 66603 480636041 SUPPORT KS 501(C)(3) 11A NA false false false true false false false false false false false false false false false false false false false false