2016-05-09T17:34:24-07:00 2015-06-30 990 2014-07-01 410969244 COLLEGE OF ST BENEDICT COLL 3203635999 37 S College Ave Saint Joseph MN 56374 Susan Palmer VP Finance & Administration 3203635298 2016-05-09 2014 2016-08-17 19:52:53Z Susan Palmer 37 So College Ave Saint Joseph MN 56374 116830526 0 X www.csbsju.edu X 1913 MN The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 40 38 2509 45 1205521 22898 8929515 9493436 96024408 99060038 1390314 1403848 1288065 1371256 107632302 111328578 36923279 39669771 0 0 38287276 37056848 193012 199313 3503000 26885968 26442454 102289535 103368386 5342767 7960192 179692903 181830893 42073658 37013177 137619245 144817716 The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The College fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. 0 0 78275442 39669771 79067293 Higher Education: Educational instruction, 2,001 Fall FTE students enrolled in undergraduate courses, 480 graduates. The College of Saint Benedict designs programs to meet the needs and aspirations of young women, emphasizing women's leadership and a personal development profile that includes intellectual, spiritual, emotional and physical development. Its values-based and value-added residential liberal arts education provides the framework for fulfilling lives of disciplined inquiry and leadership in careers devoted to the professions, public life and service to others. 14288555 0 19371035 Higher Education: Auxiliary Revenue (dining, housing, etc.) 2,001 students. The Residential Life program at the College of Saint Benedict provides a four year residential experience of community living which supports and challenges our students with opportunities for personal and social growth. This experience allows women to develop an understanding and appreciation of their responsibilities to themselves and others living in the community on campus and beyond. 0 0 795073 Other program services (Fine Arts Programming, etc.). These areas curate a series of arts events that bring the finest regional and national artists to our community; support and enhance the academic mission of CSB through programming, resources, and personnel; create institutional visibility and recognition through active leadership in local, state, and national arts organizations; provide responsible fiscal management of resources and generate revenue through grants, sponsorships, and ticket sales; create learning initiatives to encourage participation in the arts by "students" of all ages; strengthen community resources in the arts through professional support of regional arts organizations that produce and present in our Fine Arts facilities and provide professional development opportunities for educators to promote interdisciplinary teaching through the arts. Expenses related to these revenues are included in Part IX, Statement of Functional Expenses. 0 0 0 92563997 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 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 1 0 0 0 1 152 0 2509 1 1 1 1 CH CI JA UK 0 0 0 1 1 0 0 0 0 X 40 38 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK KY LA MA MD ME MN NH OH OR SC VA WA X Susan Palmer 3203635298 37 S College Ave Saint Joseph MN 56374 Ingrid Anderson OSB Trustee 3 0 X 0 0 0 Annette Hendrick Trustee 6 0 X 0 0 0 Jean Juenemann Trustee 4 0 X 0 0 0 Shari Lamecker Rogalski Trustee 5 0 X 0 0 0 George Marin Trustee 4 0 X 0 0 0 Lynn Newman Trustee Board Chair 5 0 X 0 0 0 Joyce Statz Trustee 4 0 X 0 0 0 Michelle Bauerly Kopel Trustee 3 0 X 0 0 0 Barbara Melsen Trustee 7 0 X 0 0 0 Mary Catherine Holicky Trustee 3 0 X 0 0 0 Harvey Chase Jewett Trustee 3 0 X 0 0 0 Theresa Wurst Trustee 4 0 X 0 0 0 Rosetta Ross Trustee 3 0 X 0 0 0 Iris Cornelius Trustee 4 0 X 0 0 0 Laura Kelly Lovdahl Trustee 4 0 X 0 0 0 Kathleen Mock Trustee 4 0 X 0 0 0 Judy Poferl Trustee 4 0 X 0 0 0 Donald Pyatt Trustee 5 0 X 0 0 0 Judith Healey Trustee 4 0 X 0 0 0 Kathleen Henderson Trustee 5 0 X 0 0 0 Lori Zumwinkle Trustee 4 0 X 0 0 0 S Michaela Hedican Trustee 4 0 X 0 0 0 Patricia Ruether OSB Trustee 4 0 X 0 0 0 Lauren Patton Student Trustee 3 0 X 0 0 0 Terry Dolan Trustee 8 0 X 0 0 0 Becky Coborn Trustee 3 0 X 0 0 0 Jean Lavigne Faculty Trustee 3 0 X 66893 0 10782 Mark Fleischhacker Trustee 5 0 X 0 0 0 Nada Mourtada-Sabbah Trustee 3 0 X 0 0 0 Margaret Murphy Trustee 4 0 X 0 0 0 Marilyn Porter Trustee 4 0 X 0 0 0 Carol Morrow Schleif Trustee 4 0 X 0 0 0 Daniel Scott Trustee 5 0 X 0 0 0 Mary Thompson Trustee 4 0 X 0 0 0 Jennifer Barta Trustee 3 0 X 0 0 0 Barb Schmid Brandes Trustee 4 0 X 0 0 0 John Fitzpatrick Trustee 4 0 X 0 0 0 Terri Rae Giyan Kallsen Trustee 4 0 X 0 0 0 Mark Krebsbach Trustee 4 0 X 0 0 0 Mary Dana Hinton President 77 0 X X 179775 0 34643 Susan Palmer VP Administration and Finance 65 0 X 232157 0 21614 Rita Knuesel VP Academic Affairs 65 0 X 213892 0 25885 Calvin Ryan-Mosley VP Admissions and Financial Aid 65 0 X 190462 0 45124 Mary Geller VP Stud Dev. 65 0 X 150085 0 28491 James Koenig IT Services Director 40 0 X 126478 0 18838 Janet Grochowski Education Department Chair 40 0 X 120183 0 12434 Brad Sinn Facilities Director 40 0 X 122169 0 17618 Brian Jose Executive Director Fine Arts 40 0 X 119280 0 28297 William Hickey Director of Gift Planning 40 0 X 113830 0 0 MaryAnn Baenninger President 77 0 X 749000 0 28923 Kimberly Motes VP Institutional Advancement 65 0 X 116595 0 21795 Theresa Kasling Assoc Director for Tech Services 40 0 X 117312 0 12500 2618111 0 306944 22 1 1 0 Minnesota Elevator PO Box 0129 St Claire MN 56080 Elevator Repair 263501 Rice Building Systems 1019 Industrial Drive S Sauk Rapids MN 56379 Construction 666756 Campbell & Company 1 East Wacker Drive Chicago IL 60601 Fundraising Consultant 357636 McGough Construction Co Inc PO Box 1450 Mpls MN 55485 Construction 396560 Sysco Minnesota Inc PO Box 49730 Blaine MN 55449 Food Products 275696 18 0 0 38760 0 1791497 7663179 3079633 9493436 Tuition and Fees 611310 79067293 79067293 0 0 Auxiliary Revenue (dining, housing, books) 721310 19197672 18628809 568863 0 Other Sources - Fine Arts 711190 795073 795073 0 0 0 0 0 0 99060038 635682 0 201 635481 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4871244 7200 4105016 5262 766228 1938 768166 0 0 768166 2785 38760 10212 -7427 0 -7427 0 0 0 0 0 0 2760141 1381458 1378683 742226 636457 0 0 111328578 99233401 1205521 1396220 0 0 39669771 39669771 0 0 0 0 1238982 352494 653881 232607 0 0 0 0 28925888 24222915 3130123 1572850 1956000 1402122 368647 185231 2723148 2102636 338315 282197 2212830 1853053 239454 120323 197610 82962 0 114648 297297 24582 272715 0 67071 0 67071 0 0 0 0 0 199313 199313 107912 0 107912 0 0 0 0 0 692604 405925 24967 261712 1118097 801509 232859 83729 764945 574461 63693 126791 0 0 0 0 5368754 4903233 420784 44737 1298791 1043578 139511 115702 0 0 0 0 243397 95922 37516 109959 1061248 945583 115665 0 0 0 0 0 4625682 4046940 578742 0 519842 224390 280228 15224 Equipment Repair and Maintenance 453829 431468 22361 0 Supplies 4823879 4813344 10535 0 Student Programming 4384107 4249539 96591 37977 Expendable Equipment 417389 317570 99819 0 0 0 0 0 103368386 92563997 7301389 3503000 0 0 20530556 24337034 5930918 4427328 745950 719582 0 0 0 0 5911883 5617635 958145 981626 569041 1334793 155355775 75888416 80496576 79467359 39944053 40168307 23849016 24368331 0 0 0 0 756765 408898 179692903 181830893 6451143 5032098 0 0 1208078 1715583 24162813 20917358 0 0 0 0 884931 330676 0 0 9366693 9017462 42073658 37013177 X 77454146 81755273 19886233 19607384 40278866 43455059 137619245 144817716 179692903 181830893 X 7960192 -732013 0 0 0 -29708 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 93419 93419 0 Schedule C, Part II-B, Line 1 College of Saint Benedict is a member of Minnesota Private College Council (MPCC), an organization described in section 501(c)(4) of the Internal Revenue Code. MPCC is an association of private nonprofit institutions of higher education that serves a variety of its members' shared needs, including, but not only, nonpartisan and non-electoral advocacy for public policy that meets students' needs and advances the interests of private higher education. College of Saint Benedict paid membership dues to MPCC in the amount of $132,829 during the taxable year. MPCC has divided its expenses for its taxable year ending June 30, 2015 into two groups. Group 1 consists of those expenses that did not in any way support attempts to influence legislation within the meaning of section 501(c)(3) of the Internal Revenue Code ("lobbying"), and Group 2 consists of all other expenses. Group 2 includes many expenses between lobbying and nonlobbying activities. MPCC has determined that the amount of the Group 2 expenses represents 70.33% of the amount of the dues that MPCC collected in the same taxable year. Assuming that all Group 2 expenses were paid from member dues, and allocating those expenses pro rata based on the dues paid by each member, $93,419 of College of Saint Benedict's dues were used to pay Group 2 expenses. The amount of lobbying expenses paid from College of Saint Benedict's dues was significantly less than that amount. 55948670 3523420 444961 1273107 856155 0 57787789 48450465 1463467 7827476 1034651 758087 0 55948670 42223633 3217786 4748444 977652 761746 0 48450465 43378302 1915629 -1496862 935074 638362 0 42223633 35798697 1706122 7550659 1064334 612842 0 43378302 0.115 0.713 0.172 0 0 0 940300 940300 0 103725932 40146829 63579103 0 0 0 0 0 43355712 32282814 11072898 0 7333831 3458773 3875058 79467359 0 0 Global Equity Funds 10379601 F Inflation Sensitive Annuities 1424134 F Diversified Inflation Hedge Funds 3750279 F Hedge Fund of Funds 7880156 F Private Partnership 55924 F Beneficial Interest in Fund Held for Others 878237 F 24368331 0 Funds held for others 113967 Annuities payable 632734 Gov't grans repayable 5483748 Study abroad deposits 688311 Asset retirement obligation 2098702 9017462 X 70789174 -732013 0 0 -39699479 -40431492 111220666 107912 0 107912 111328578 63590703 0 0 0 -39669771 -39669771 103260474 107912 0 107912 103368386 Schedule D, Part V, Line 4 Endowment draw is used to fund student scholarships and academic programs Schedule D, Part X, Line 2 The College follows the accounting standards for contingencies in evaluating uncertain tax positions. This 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 College of uncertain tax positions as of June 30, 2015 and 2014. the College's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2012 and thereafter are open to examination by federal and state authorities. Schedule D, Part XI, Line 2d Adjustment of actuarial liability on annuities in the amount of $29,708 and student financial aid in the amount of $39,669,771. Schedule D, Part XII, Line 2d Student financial aid in the amount of $39,669,771. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 College of Saint Benedict includes racially nondiscriminatory policies in newspaper publications for job searches and publications that go out to current and potential students. Schedule E, Part I, Line 6 College of Saint Benedict receives financial aid for students. Central America and the Caribbean 0 21 Program Services Student Programs 156391 East Asia and the Pacific 0 7 Program Services Student Programs 337281 Europe (including Iceland and Greenland) 0 58 Program Services Student Programs 1421285 Middle East and North Africa 0 1 Program Services Student Programs 10578 South America 0 4 Program Services Student Programs 137177 South Asia 0 10 Program Services Student Programs 68029 Sub-Saharan Africa 0 3 Program Services Student Programs 105814 0 104 2236555 1 0 1 1 0 0 X X X X X X X 1 Campbell & Company One East Wacker Drive Suite 2100 Chicago IL 60601 Professional assistance with campaign 0 0 199313 -199313 0 199313 -199313 AK AL AR AZ CA CT DE FL GA HI IA ID IL IN KS KY LA MA ME MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SD TN TX UT VA VT WA WV WY Blazer Open 41545 38760 2785 0 0 0 1940 7038 1234 0 0 41545 38760 2785 0 0 0 1940 7038 1234 10212 -7427 1 Tuition and Fee Scholarships 2036 39669771 0 Cost Schedule I, Part I, Line 2 Documentation is maintained and reporting is completed to substantiate grant award uses. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 MaryAnn Baenninger President 643331 0 0 0 105669 0 17293 0 11630 0 777923 0 0 0 Susan Palmer VP Administration and Finance 231774 0 0 0 383 0 20779 0 836 0 253772 0 0 0 Rita Knuesel VP Academic Affairs 213496 0 0 0 396 0 19134 0 6751 0 239777 0 0 0 Calvin Ryan-Mosley VP Admissions and Financial Aid 190066 0 0 0 396 0 17106 0 28018 0 235586 0 0 0 Mary Dana Hinton President 176250 0 0 0 3525 0 14625 0 20018 0 214418 0 0 0 Mary Geller VP Stud Dev. 149947 0 0 0 138 0 13414 0 15077 0 178576 0 0 0 James Koenig IT Services Director 125516 0 0 0 962 0 11269 0 7569 0 145316 0 0 0 Janet Grochowski Education Department Chair 119371 0 50 0 762 0 10743 0 1691 0 132617 0 0 0 Kimberly Motes VP Institutional Advancement 100585 0 0 0 16010 0 10300 0 11495 0 138390 0 0 0 Brad Sinn Facilities Director 122079 0 0 0 90 0 0 0 17618 0 139787 0 0 0 Theresa Kasling Assoc Director for Tech Services 74213 0 0 0 43099 0 6830 0 5669 0 129811 0 0 0 Brian Jose Executive Director Fine Arts 119117 0 0 0 163 0 10720 0 17577 0 147577 0 0 0 Schedule J, Part I, Line 1a As a requirement of their contracts, housing is provided for the President, VP Enrollment and VP Institutional Advancement Schedule J, Part I, Line 4 Theresa Kasling severance payment $40,647 Schedule J, Part II The 2014 IRS 990 Form for the College of Saint Benedict reflects compensation for former CSB President MaryAnn Baenninger in the final year of her employment with CSB. This compensation includes contractually obligated payments for retirement benefits and amounts earned during her term as the president that were unused, including a sabbatical year and accrued vacation. A MN Higher Education Facilities Authority 410988525 60416HHV9 2006-10-26 7417276 Finance construction of new dining building 0 0 0 B MN Higher Education Facilities Authority 410988525 60416HMC5 2008-05-08 19565411 Refinance 2 prior bonds and fund add'l project 0 0 0 C MN Higher Education Facilities Authority 410988525 60416HXF6 2011-12-14 9066628 Finance construction of student housing 0 0 0 D MN Higher Education Facilities Authority 410988525 60416HZX5 2013-01-23 5235000 Refinance 5W bonds, originally for various student housing remodeling projects 0 0 0 A 5980482 0 7417276 0 22917 0 110183 0 0 7307093 0 0 2008 0 0 1 1 B 12810411 145000 19565411 1988946 15847 16756863 299827 0 0 565721 0 0 2009 1 0 1 1 C 691628 0 9066628 643662 0 0 141546 0 0 8282720 0 0 2012 0 0 1 1 D 1205000 0 5235000 0 0 0 91951 0 0 0 5235000 0 2013 1 1 1 1 A 0 0 0 0 0 0.04 0.04 0 0 0 B 0 0 0 0 0 0.01 0.01 0 1 0.01 1 0 C 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 0 B 0 X 41 2929633 Avg high and low for day X 1 150000 Appraisal 0 1 1 Schedule M, Part I, Line 9 The number in column (b) represents the total number of contributions of this type, It does not represent the number of stock shares received. Schedule M, Part I, Line 32b Stock brokers process the stock transactions when the gift is received and the College chooses to liquidate the stock. Real Estate brokers, appraisers, and at times, attorneys are consulted when gifts of property are received. Form 990, Part VI, Section A, Line 7a As stated in the Articles of Incorporation, the corporate Members retain the following reserved powers 1) appoint those persons who serve as voting members of the Board of Trustees. Form 990, Part VI, Section A, Line 7b As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1) appoint those persons who serve as voting members of the Board of Trustees; 2) approve any merger, acquisition, or dissolution of the Corporation; 3) approve the sale or encumbrance of all or substantially all of the assets of the Corporation; 4) amend the Articles of Incorporation, or 5) make and amend the Bylaws of the Corporation. The Corporate Members are the Sisters of the Order of St. Benedict. Form 990, Part VI, Section B, Line 11b The subcommittee of the Board of Trustees known as the audit Committee reviews the 990 during the spring meeting prior to filing the form and the form is made available for review by all board members prior to filing. Form 990, Part VI, Section B, Line 12c The Audit Committee reviews all disclosures on the Conflict of Interest policy annually. Form 990, Part VI, Section B, Line 15 In accordance with the employee handbook, the compensation plan is designed to ensure positions are competitively valued relative to comparable jobs in the market. The Human Resources department does a comparison of job descriptions to position descriptions in the marketplace annually. The comparison for administrative and support staff positions are approved by the President or Board of Trustees and a salary range is created based on this comparison. Faculty salaries are compared to a market basket of similar institutions. Salaries for the President, the Provost, and the Vice President for Finance and Administration are reviewed and determined by the Board of Trustees. The positions are compared to similar institutions of higher education with respect to enrollment, budget, and Carnegie classification found in the College and University Personnel Association salary survey. Form 990, Part VI, Section C, Line 19 Governing documents and conflict of interest policy are not available to the public, but would be made available upon request. The financial statements are available on the website. Form 990, Part XI, Line 9 Adjustment of actuarial liability on annuities in the amount of $29,708. Sisters of the Order of Saint Benedict 104 Chapel Lane Saint Joseph MN 56374 410695523 Religous Women's Monastery MN 501(c)(3) N/A 0 Life Estate (1) XXXXX SSSSS NY 10002 Life Estate NY T 0 0 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 Sisters of the Order of Saint Benedict c 5000 Annual fund donation Sisters of the Order of Saint Benedict q 323300 Power plant services provided to monastery Sisters of the Order of Saint Benedict q 32629 Expenses related to city utility charges Sisters of the Order of Saint Benedict q 57216 Security services Sisters of the Order of Saint Benedict e 62695 Payment on note for property sold to College Sisters of the Order of Saint Benedict k 5600 Rent for use of chapel Sisters of the Order of Saint Benedict m 281027 Payments made to Monastery for payroll of Sisters working at the College Sisters of the Order of Saint Benedict k 13587 Lease of room for guests Sisters of the Order of Saint Benedict q 29328 Reimbursement for expenses related to events.