2015-03-06T11:53:42-06:00 2014-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 SOUTH SIXTH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2013-06-01 410695527 ST MARYS UNIVERSITY OF MINNESOTA STMA 5074571443 700 TERRACE HEIGHTS WINONA MN 559871399 BENJAMIN MURRAY VP-FINANCIAL AFFAIRS 5074571443 2015-02-27 1 LAWRENCE H MOHR CPA P00447603 6128764500 2013 2016-02-25 16:41:14Z BROTHER WILLIAM MANN 700 TERRACE HEIGHTS WINONA MN 559871399 102869680 0 X WWW.SMUMN.EDU X 1912 MN SAINT MARY'S UNIVERSITY OF MINNESOTA IS A PRIVATE, CATHOLIC INSTITUTION OFFERING COMPREHENSIVE UNDERGRADUATE AND GRADUATE PROGRAMS. OVER 1,200 STUDENTS ARE ENROLLED IN THE RESIDENTIAL UNDERGRADUATE COLLEGE AT THE WINONA CAMPUS, ESTABLISHED IN 1912. OVER 6,000 STUDENTS ARE ENROLLED IN THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP), WHICH OFFERS CERTIFICATES, BACHELOR AND SPECIALIST PROGRAMS, MASTERS DEGREES AND DOCTORAL PROGRAMS. THE UNIVERSITY DELIVERS EDUCATION TO ITS ADULT LEARNERS THROUGH CAMPUSES IN MINNEAPOLIS; WINONA; NAIROBI, KENYA; CENTERS IN APPLE VALLEY, ROCHESTER, OAKDALE AND MINNETONKA AND AT NUMEROUS OTHER LOCATIONS IN MINNESOTA, WISCONSIN AND JAMAICA. SAINT MARY'S IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. 33 31 2280 183 1365 0 6146307 14788392 74122250 77562367 816367 1193890 165509 276672 81250433 93821321 16064438 16073639 0 0 41669637 41506520 0 0 1370747 21794707 27198189 79528782 84778348 1721651 9042973 147919663 143079509 46276149 28802645 101643514 114276864 X ENRICHED BY THE LASALLIAN CATHOLIC HERITAGE, SAINT MARY'S UNIVERSITY OF MINNESOTA AWAKENS, NURTURES, AND EMPOWERS LEARNERS TO ETHICAL LIVES OF SERVICE AND LEADERSHIP. 0 0 41948977 16073639 67673266 INSTRUCTION: SAINT MARYS UNIVERSITY OF MINNESOTA HAS TWO PRIMARY ACADEMIC UNITS: THE COLLEGE AND THE SCHOOLS OF GRADUATE AND PROFESSIONAL PROGRAMS (SGPP). THE COLLEGE CONSISTS OF THE TRADITIONAL UNDERGRADUATE BACHELOR OF ARTS EXPERIENCE BASED ON THE WINONA CAMPUS. THE SGPP INCLUDES CONTINUING EDUCATION OFFERINGS, CERTIFICATE PROGRAMS, BACHELOR OF SCIENCE COMPLETION PROGRAMS, MASTERS PROGRAMS, AN EDUCATION SPECIALIST PROGRAM, AND THREE DOCTORAL PROGRAMS. THE SGPP IS BASED ON BOTH THE TWIN CITIES AND WINONA CAMPUSES, WITH CENTERS IN ROCHESTER, APPLE VALLEY AND OAKDALE, MN. ACROSS THE 12-MONTH 2013-14 ACADEMIC YEAR THE COLLEGE ENROLLED 1,237 STUDENTS AND OFFERED 35,585 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE SGPP ENROLLED 6,698 STUDENTS ACROSS THE 2013-14 ACADEMIC YEAR AND OFFERED 70,423 INSTRUCTIONAL ACTIVITY CREDIT HOURS. THE UNIVERSITY EXPECTS TO MAINTAIN ENROLLMENT AT THE COLLEGE IN THE 2014-15, SERVING APPROXIMATELY 6,500 STUDENTS AND DELIVERING APPROXIMATELY 70,000 CREDIT HOURS. THE UNIVERSITY OFFERS 60 MAJORS WITH THE BACHELOR OF ARTS PROGRAM. THE UNIVERSITY OFFERS AN ADDITIONAL 60 PROGRAMS WITHIN THE SGPP. 12343029 INSTITUTIONAL: THE UNIVERSITY SERVES STUDENTS AT OVER 75 LOCATIONS IN MINNESOTA AND AT APPROXIMATELY 20 LOCATIONS IN WISCONSIN, EACH YEAR. BY BRINGING OUR PROGRAM/COURSES TO LOCATIONS THAT ARE MORE ACCESSIBLE TO WORKING ADULTS, THE UNIVERSITY PROVIDES EDUCATION TO THOSE WHO MIGHT NOT OTHERWISE BE ABLE TO TRAVEL TO CAMPUS LOCATIONS. THIS MODEL OF OFF CAMPUS DELIVERY WILL BE UTILIZED IN THE FUTURE. IN SUMMER 2012, THE UNIVERSITY BEGAN OFFERING ONLINE MASTERS PROGRAMS AND CURRENTLY OFFERS SIX MASTERS PROGRAMS ONLINE WITH A PLAN TO ADD THREE ADDITIONAL PROGRAMS IN EACH OF THE NEXT THREE YEARS. DURING THE 13-14 ACADEMIC YEAR, THE UNIVERSITY IS IN THE REACCREDITATION PROCESS AS WELL AS A NEW BRANDING INITIATIVE. 10663746 8141988 STUDENT SERVICES: IN 2013-14, 345 TRADITIONAL UNDERGRADUATE STUDENTS (ABOUT 28% OF THAT POPULATION) PARTICIPATED IN 21 NCAA DIVISION III SPORTS OFFERED AT SAINT MARYS UNIVERSITY. PARTICIPATION IN INTRAMURAL ACTIVITIES ANNUALLY IS MORE THAN 40%. THE FINANCIAL AID OFFICE PROCESSED $61,997,867 IN LOANS, GRANTS, WORK STUDY AND SCHOLARSHIP FOR THE ENTIRE UNIVERSITY IN 2013-14. IN 2013-14, 6% OF TRADITIONAL UNDERGRADUATE STUDENTS WERE FORMALLY REGISTERED AS STUDENTS WITH DISABILITIES WITH THE INSTITUTIONS OFFICE OF DISABILITY SERVICES, THE MAJORITY OF WHICH UTILIZED SERVICES OFFERED BY THE UNIVERSITY. 142 INTERNATIONAL STUDENTS WERE ENROLLED AT THE UNIVERSITY IN 2013-14. THIRTY-FOUR STUDENTS PARTICIPATED IN THE FIRST GENERATION INITIATIVE PROGRAM, WHICH OFFERS SELECTED STUDENTS SCHOLARSHIPS TO ATTEND THE UNIVERSITY. THE STUDENTS ENGAGE IN SPECIAL SUPPORT ACTIVITIES WHICH INCLUDE STUDY HALLS, SPECIALIZED ADVISING AND SOCIAL ACTIVITIES WHICH PROMOTE RETENTION AND STUDENT SUCCESS.THE UNIVERSITY HAS FORGED A CLOSE CONNECTION TO THE MINNESOTA DEPARTMENT OF VETERANS AFFAIRS THAT WILL RESULT IN IMPROVED ACCESS TO SERVICES FOR VETERANS AND THEIR FAMILIES REGARDING EDUCATIONAL BENEFITS, RESOURCES TO ASSIST WITH THE COLLEGE TRANSITIONS, AND OTHER GENERAL SUPPORT. IN A UNIQUE PARTNERSHIP, THE HIGHER EDUCATION COORDINATOR FOR THE CENTRAL METRO REGION OF THE MINNESOTA DEPARTMENT OF VETERANS AFFAIRS, WILL OPERATE FROM AN OFFICE IN LA SALLE HALL ON THE TWIN CITIES CAMPUS. 7818521 1747113 INSTITUTIONAL SUPPORT, INCLUDING OPERATION OF PLANT AND DEPRECIATION. 7818521 1747113 72774273 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 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 1 164 0 2280 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 31 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X BENJAMIN MURRAY 5074571443 700 TERRACE HEIGHTS 8 WINONA MN 55987 BURRICHTER MARY TRUSTEE 1.00 X 0 0 0 CLAREY FSC BR WILLIAM TRUSTEE 1.00 X 0 0 0 CONVEY FSC BR KEVIN TRUSTEE 1.00 X 0 0 0 COOGAN MR JAMES VICE CHAIR 1.00 X X 0 0 0 DOMANICO DR JOHN TRUSTEE 1.00 X 0 0 0 DOUGHERTY MR MICHAEL TRUSTEE 1.00 X 0 0 0 FROST DR MARILYN TRUSTEE 1.00 X 0 0 0 GEORGE MS KAREN TRUSTEE 1.00 X 0 0 0 GOSTOMSKI MR MICHAEL CHAIR OF THE BOARD 1.00 X X 0 0 0 HERZOG MR WILLIAM TRUSTEE 1.00 X 0 0 0 HORAN MR JAMES TRUSTEE 1.00 X 0 0 0 JACOBS MR MARK TRUSTEE 1.00 X 0 0 0 KABARA MS BETTY TRUSTEE 1.00 X 0 0 0 KUCZMA MS LINDA TRUSTEE 1.00 X 0 0 0 MANN FSC BR WILLIAM PRESIDENT 40.00 X X 0 0 18411 MEYER MR PAUL TRUSTEE 1.00 X 0 0 0 MUELLER BR FREDERICK TRUSTEE 1.00 X 0 0 0 O'LEARY MS KAYE TRUSTEE 1.00 X 0 0 0 POOS BR DAVID TRUSTEE 1.00 X 0 0 0 QURAISHI MR HAMID TRUSTEE 1.00 X 0 0 0 RAMIREZ BARBA BR GUSTAVO TRUSTEE 1.00 X 0 0 0 REEDY MR RICHARD TRUSTEE 1.00 X 0 0 0 REMICK MS MARY ANN SECRETARY 1.00 X X 0 0 0 ROSS MR JOSEPH TREASURER 1.00 X X 0 0 0 RUSSELL MR TERRANCE TRUSTEE 1.00 X 0 0 0 SALVI MR PATRICK TRUSTEE 1.00 X 0 0 0 SCHATZ FSC BR LARRY TRUSTEE 1.00 X 0 0 0 SCHIELER FSC BR ROBERT TRUSTEE 1.00 X 0 0 0 SIMON MS SANDI TRUSTEE 1.00 X 0 0 0 SLAGGIE MR MICHAEL TRUSTEE 1.00 X 0 0 0 SMARRELLI JR DR JOHN TRUSTEE 1.00 X 0 0 0 SMITHE MR WALTER TRUSTEE 1.00 X 0 0 0 WLAZIK MS MARY PAT TRUSTEE 1.00 X 0 0 0 MURRAY MR BENJAMIN STEPHEN VP FINANCIAL AFFAIRS 40.00 X 84691 0 11739 ARONSON DR DONNA VP ACADEMIC AFFAIRS 40.00 X 143825 0 16162 DRAZKOWSKI MR BARRY W DIRECTOR GEOSPATIAL SERVICES 40.00 X 123219 0 27047 KINTZI ACFRE MS AUDREY P VP DEVELOPMENT AND ALUMNI RELATIONS 40.00 X 124232 0 22988 MOODY MS MERRI DEAN, GRADUATE SCHOOL OF HEALTH AND HUMAN SERVICES 40.00 X 140501 0 16685 SKELLEY MS MARY DIR. OF CLINICAL EDUCATION 40.00 X 126044 0 14174 742512 0 127206 11 0 1 0 CHARTWELLS 700 TERRACE HEIGHTS WINONA MN 55987 FOOD SERVICE 2313151 DELTAK EDU 1415 WEST 22ND ST STE 400 OAK BROOK IL 60523 ONLINE LEARNING 777168 ALL TRADES SERVICES LLC 74 KANSAS ST WINONA MN 55987 CONTRACTOR 384270 MARKETING MIDWEST INC 4969 OLSON MEMORIAL HWY GOLDEN VALLEY MN 55422 MARKETING 331785 WHELAN SECURITY 1699 SOUTH HANLEY RD 350 ST LOUIS MO 63144 SECURITY 289456 21 59685 3573927 11154780 221383 14788392 TUITION AND FEES 541900 67673266 67673266 AUXILIARY ENTERPRISES 611710 8141988 8141988 PRIVATE SPONSORED RESEARCH & PROG 541700 1471987 1471987 PERFORMANCE SEASON INCOME 711190 132553 132553 MISCELLANEOUS 611519 72094 72094 70479 70479 77562367 905439 1365 904074 323079 103909 219170 219170 219170 9163648 8875197 288451 288451 288451 126755 59685 69253 57502 57502 93821321 77562367 1365 1469197 16073639 16073639 737314 389764 164944 182606 31791636 27262993 3814996 713647 1660199 1324617 290769 44813 4749471 3781755 830141 137575 2567900 2192267 307070 68563 2856 2856 59689 59689 193803 193803 1353397 938400 399793 15204 1758915 1422851 312333 23731 6556305 5296608 1162670 97027 649678 524037 115032 10609 3104593 2541051 558827 4715 2256325 1800601 395254 60470 250210 195507 42916 11787 523457 429235 94222 2905463 2382479 522984 323117 264956 58161 EQUIPMENT RENTAL & MAIN 2040010 1672808 367202 FOOD SERVICE 1723606 1413357 310249 ONLINE FEE 1286401 1054849 231552 SPECIAL PROGRAMS 1021568 837686 183882 1188796 974813 213983 84778348 72774273 10633328 1370747 7869739 10641567 20333916 1525500 7982390 5630058 5813441 3063911 3180697 386115 114921 110597487 51523269 59877674 59074218 35740620 39761495 5339642 5727600 17844837 1090831 147919663 143079509 4130292 3601515 2955474 2987290 8827868 9281609 10860000 9335000 1190814 1158079 18311701 2439152 46276149 28802645 X 65087888 68288254 11290679 19894398 25264947 26094212 101643514 114276864 147919663 143079509 X 9042973 3551149 39228 X 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 109938 109938 0 PART II-B, LINE 1: SAINT MARYS UNIVERSITY OF MINNESOTA 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. SAINT MARYS UNIVERSITY OF MINNESOTA PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $153,652 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2014, 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, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 71.55% 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, $109,938 OF SAINT MARYS UNIVESRITY OF MINNESOTAS DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM SAINT MARYS UNIVERSITY OF MINNESOTAS DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 466545 X 0 48044924 1109383 4810530 1364969 78347 52521521 43171427 605197 5526798 1180306 39833 38359 48044924 44153606 1728545 -1415031 1179875 40746 75072 43171427 36207814 2730491 6480875 1123613 47724 94239 44153604 29287566 3781308 4363617 1085001 54394 85282 36207814 0.37300 0.48360 0.14340 1 0 1457394 1457394 75653813 24850943 50802870 3800453 2189823 1610630 24827993 20605186 4222807 4857834 3877317 980517 59074218 ANNUITIES PAYABLE 565000 REFUNDABLE DEPOSITS 442263 DEPOSITS HELD IN CUSTODY FOR OTHERS 113966 ASSET RETIREMENT OBLIGATION 702113 CONTRACT PAYABLE 615810 2439152 X 81306270 3551149 28080 3579229 77727041 193803 15900477 16094280 93821321 68672920 162014 162014 68510906 193803 16073639 16267442 84778348 PART III, LINE 4: THE ARTWORK AT SAINT MARY'S INCLUDES PRINTS AND SCULPTURES THAT HELP TO SUPPORT OUR LASALLIAN MISSION AND ENHANCE THE SCHOLARLY ATMOSPHERE. PART V, LINE 4: ENDOWMENT FUND EARNINGS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT ASSISTANCE, AND SOME PROGRAM ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2014 AND 2013. THE UNIVERSITY'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 2011 THROUGH 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FUNDS HELD IN TRUST BY OTHERS 28,080. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 16,073,639. RENTAL EXPENSES -103,909. FUNDRAISING EVENT EXPENSES -69,253. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ACTUARIAL ADJUSTMENT -11,148. RENTAL EXPENSES 103,909. FUNDRAISING EVENT EXPENSE 69,253. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS SHOWN AS A REDUCTION OF TUITION 16,073,639. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SAINT MARY'S UNIVERSITY INCLUDES A RACIALLY NONDISCRIMINATORY POLICY ON ALL APPLICATIONS, OUR WEBSITE, OUR UNDERGRADUATE AND GRADUATE CATALOGS, OUR FACT SHEET, OUR GRADUATE PROGRAM INFORMATION SHEETS AND OUR UNDERGRADUATE STUDENT RESOURCE AND DAILY PLANNER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE STATE OF MINNESOTA AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL AND MINNESOTA COLLEGE WORK STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE UNIVERSITY ALSO RECEIVES A GRANT FROM THE STATE OF MINNESOTA BASED ON MINNESOTA RESIDENTS ENROLLED AND VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. CENTRAL AMERICAN AND CARIBBEAN (JAMAICA) 1 5 PROGRAM SERVICES EDUCATION 30000 EUROPE (LONDON) 1 6 PROGRAM SERVICES EDUCATION 194012 SUB-SAHARA AFRICA (KENYA) 2 2 PROGRAM SERVICES EDUCATION 15000 CENTRAL AMERICAN AND CARIBBEAN (CAYMAN ISLANDS) 0 0 INVESTMENTS 1359000 4 13 0 0 4 13 1598012 0 1598012 1 0 1 1 1 0 CELEBRATION OF EXCELLENCE GALA 186440 59685 126755 2006 39926 2550 24771 186440 59685 126755 2006 39926 2550 24771 69253 57502 1 SCHOLARSHIPS AND GRANTS 1160 16073639 PART I, LINE 2: SAINT MARY'S DISTRIBUTES SCHOLARSHIPS BASED ON NEED AND MERIT. NEED BASED SCHOLARSHIPS ARE AWARDED BY THE FINANCIAL AID OFFICE USING THE INFORMATION FROM THE RESULTS OF THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID). MERIT BASED SCHOLARSHIPS ARE AWARDED BY THE ADMISSIONS OFFICE USING THE INFORMATION FROM THE STUDENT'S OFFICIAL HIGH SCHOOL TRANSCRIPTS AND THE RESULTS OF THE STANDARDIZED TEST (ACT, SAT, ETC.). FOR STUDENTS RECEIVING GRANTS AND SCHOLARSHIP FUNDS WITH RENEWAL CONDITIONS, FULFILLMENT OF THOSE CONDITIONS ARE VERIFIED BY THE FINANCIAL AID ADMINISTRATOR PRIOR TO THE AWARD BEING RENEWED (GPA, YEAR OF ATTENDANCE, ETC.) X 1 1 X X X 0 0 0 0 0 0 0 0 0 ARONSON DR DONNA VP ACADEMIC AFFAIRS 143825 0 0 0 0 0 9411 0 6751 0 159987 0 0 0 DRAZKOWSKI MR BARRY W DIRECTOR GEOSPATIAL SERVICES 123219 0 0 0 0 0 8676 0 18371 0 150266 0 0 0 MOODY MS MERRI DEAN, GRADUATE SCHOOL OF HEALTH AND 140501 0 0 0 0 0 9240 0 7445 0 157186 0 0 0 PART I, LINE 1A THE UNIVERSITY PAID HOUSING ALLOWANCE FOR THE PRESIDENT. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 604151HQZ 2010-05-20 4099216 REFINANCE PRIOR BOND FOR PREFERRED RATE 1 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-04-10 6025000 REFINANCE PRIOR BOND FOR PREFERRED RATE 0 0 0 A 775000 4099216 369355 81984 3647877 2010 1 0 1 1 B 6025000 62737 5962263 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/19/2013 SCHEDULE K, PART IV, LINE 7: DURING THE TWELVE MONTH PERIOD THE UNIVERSITY WORKED WITH OUTSIDE CONSULTANTS TO MONITOR COMPLIANCE; REBATE ANALYSTS HAVE BEEN ENGAGED SINCE THE FIRST ISSUE. SCHEDULE K, PART V: WRITTEN PROCEDURES HAVE NOT BEEN FINALIZED AT THE TIME OF THIS FILING. WINONA HEATING AND VENTILATING MICHAEL GOSTOMSKI IS AN OFFICER OF THE COMPANY AND A CURRENT TRUSTEE. 49931 REROOFING OF THE BUILDING THROUGH THE MAINTENANCE DEPARTMENT. THESE WERE CONDUCTED IN THE NORMAL COURSE OF BUSINESS. 0 X 13047 COST OR SELLING PRICE X 14 208336 COST OR SELLING PRICE 0 0 1 1 PART I, COLUMN (B): PROVIDES THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: SAINT MARY'S UNIVERSITY'S POLICY IS TO SELL ALL STOCK GIFTS RECEIVED AT THE TIME OF RECEIPT. WE USE VARIOUS BROKERS DEPENDING ON THE RELATIONSHIP WITH THE DONOR. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES COMPOSED OF THE CHAIR, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE CHAIR OF EACH OF THE STANDING COMMITTEES, AND THE PROVINCIAL OF THE MIDWEST DISTRICT OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (OR ANY SUCCESSOR ENTITY). THE EXECUTIVE COMMITTEE HAS THE FULL POWERS OF THE BOARD TO TAKE SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN THE EVENT OF AN EMERGENCY OR OTHER EXIGENT CIRCUMSTANCES, AS DETERMINED BY EITHER THE PRESIDENT OR THE CHAIR. FORM 990, PART VI, SECTION A, LINE 6 THE BROTHERS OF THE CHRISTIAN SCHOOLS ARE CONSIDERED MEMBERS OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990. AFTER REVIEW BY THE AUDIT COMMITTEE, THE BOARD OF TRUSTEES RECEIVES A COPY OF THE PUBLIC INSPECTION COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C IN JUNE OF EACH YEAR, TRUSTEES, OFFICE HOLDERS AND COMMITTEE MEMBERS DISCLOSE IN WRITING: (1) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER; (2) ALL CONTRACTS OF BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND A FAMILY MEMBER; AND (3) ALL CONTRACTS OR BUSINESS TRANSACTIONS BETWEEN THE UNIVERSITY AND AN ORGANIZATION IN WHICH THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER OR THEIR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. THE GENERAL COUNSEL SHALL REVIEW THE REPORT AND THEN PRESENT A REPORT TO THE EXECUTIVE COMMITTEE WITH THE DETAILS OF THE CONFLICT OF INTEREST AND RECOMMENDATIONS. UPON RECEIPT OF THE REPORT FROM THE GENERAL COUNSEL, THE EXECUTIVE COMMITTEE SHALL MEET TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR APPEARS TO EXIST. THE EXECUTIVE COMMITTEE SHALL RECORD A SUMMARY OF THE INTEREST, THE DETERMINATIONS MADE AND THE ACTIONS TAKEN BY THE COMMITTEE REGARDING THE POSSIBLE CONFLICT. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION IT DEEMS APPROPRIATE INCLUDING: 1)FINDING THAT THE POTENTIAL CONFLICT OF INTEREST IS NOT DIRECT OR MATERIAL AND THAT THE UNIVERSITY'S INTERESTS ARE BEST SERVED BY THE TRUSTEE'S, OFFICE HOLDER'S OR COMMITTEE MEMBER'S PARTICIPATION; 2) RESTRICTING THE TRUSTEE, OFFICE HOLDER OR COMMITTEE MEMBER FROM ATTENDING ANY MEETING OR GATHERING AT ANY TIME AT WHICH THE MATTER IN QUESTION IS DISCUSSED; OR 3) UPON DETERMINING THAT THE CONTRACT OR BUSINESS TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST AND IS FAIR AND REASONABLE, APPROVE THE PROPOSED CONTRACT OR BUSINESS TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A USED FOR THE PRESIDENT AND ONE TOP MANAGEMENT POSITION. DATA ON SALARY OF COMPARABLE INSTITUTIONS WAS PROVIDED TO THE CHAIR OF THE BOARD FROM AN OUTSIDE CONSULTANT WHO SPECIALIZES IN DETERMINING MARKET BASED COMPENSATION RATES FOR KEY POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION ARE PUBLIC DOCUMENTS AVAILABLE FROM THE SECRETARY OF STATE. BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITYS WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH EMMA (ELECTRONIC MUNICIPAL MARKET ACCESS). FORM 990, PART XI, LINE 9: GAIN ON FUNDS HELD BY OTHERS 28,080. GAIN ON ACTUARIAL ADJUSTMENT 11,148. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. RESIDENCE TRUST (1) CHARITABLE TRUST MN T 0 CHARITABLE REMAINDER UNITRUST (7) CHARITABLE TRUST MN T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0