2015-04-27T09:29:37-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-07-01 453656162 SAINT JOHN'S UNIVERSITY SAIN 3203633161 2850 ABBEY PLAZA PO BOX 2222 COLLEGEVILLE MN 563212222 RICHARD ADAMSON VP OF FINANCE & ADMINISTRATION 3203633164 2015-04-17 1 KAREN GRIES P00078514 6123764500 2013 2016-02-25 16:41:14Z MICHAEL HEMESATH 2850 ABBEY PLAZA PO BOX 2222 COLLEGEVILLE MN 563212222 216188395 0 0928 X WWW.CSBSJU.EDU X 2012 MN TO FOSTER THE VITALITY OF COMMUNITY THROUGH LEARNING AND THE PURSUIT OF WISDOM. 35 29 2136 180 234783 53317 262957078 15231669 85250383 88974488 14961517 15980661 10726582 2271657 373895560 122458475 31834094 34082678 0 0 42010395 41359225 56221 67420 3607375 28502854 31818925 102403564 107328248 271491996 15130227 336762466 356570712 60247945 52187272 276514521 304383440 X SEE SCHEDULE O 0 0 59377643 33978176 70346093 INSTRUCTION: SAINT JOHN'S UNIVERSITY'S UNDERGRADUATE COLLEGE PROGRAMS ARE DESIGNED TO MEET THE NEEDS AND ASPIRATIONS OF YOUNG MEN, EMPHASIZING 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. UNDERGRADUATE FALL ENROLLMENT OF 1,859 FTE STUDENTS AND 444 GRADUATES. APPROXIMATELY 20 PERCENT OF GRADUATES GO DIRECTLY TO GRADUATE SCHOOL, WHILE 80 PERCENT FIND CAREER-RELATED POSITIONS OR ENTER SERVICE WORK.SAINT JOHN'S SCHOOL OF THEOLOGY: SEMINARY GRADUATE PROGRAM FOR MEN AND WOMEN IS A RICH AND DIVERSE LEARNING COMMUNITY IN THE BENEDICTINE TRADITION, WHERE STUDENTS RECEIVE STRONG SUPPORT FOR THEIR ACADEMIC AND SPIRITUAL DEVELOPMENT. THE GRADUATE PROGRAM OFFERS THE MASTER OF ARTS DEGREE IN THEOLOGY, LITURGICAL STUDIES, LITURGICAL MUSIC, PASTORAL MINISTRY, AND A MASTER OF DIVINITY DEGREE. THESE DEGREES PREPARE STUDENTS FOR ORDINATION TO THE ROMAN CATHOLIC PRIESTHOOD AND DEACONATE, FOR LAY MINISTRY, TEACHING, AND FURTHER ACADEMIC STUDY. GRADUATE FALL ENROLLMENT OF 74 FTE AND 24 GRADUATES. 20079811 104502 1007859 STUDENT SERVICES AND PROGRAMMING: THROUGH A FOUR-YEAR RESIDENTIAL PROGRAM, NEARLY ALL STUDENTS (80%) LIVE ON CAMPUS. SAINT JOHN'S UNIVERSITY'S STUDENT DEVELOPMENT PROGRAMS PROMOTE THE HEALTH, SAFETY, LEARNING, GROWTH, AND DEVELOPMENT OF STUDENTS WITHIN THE CONTEXT OF COMMUNITY. WE ARE PARTICULARLY ATTENTIVE TO COLLEGE MEN AND THEIR ENGAGEMENT AND REFLECTION IN WAYS THAT ARE CONSISTENT WITH OUR CATHOLIC, BENEDICTINE, RESIDENTIAL, LIBERAL ARTS IDENTITY AND CHARACTER. THE FACULTY RESIDENT PROGRAM IS A DISTINCTIVE PART OF CAMPUS LIFE, WHEREBY BENEDICTINE PROFESSORS AND ADMINISTRATORS LIVE IN THE RESIDENCE AREAS AND SERVE AS ADULT MENTORS. 14477256 0 17466215 AUXILIARY SERVICES: AS A RURAL RESIDENTIAL CAMPUS, ST. JOHN'S UNIVERSITY OPERATES ITS AUXILIARY SERVICES TO ENHANCE THE EDUCATIONAL EXPERIENCE BY BUILDING A SENSE OF COMMUNITY. THESE AUXILIARY OPERATIONS PROVIDE SERVICES SUCH AS HOUSING, FOOD SERVICE, AND THE BOOKSTORE. 93934710 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 199 0 2136 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 29 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X KEN OSBORNE 3203633161 2850 ABBEY PLAZA PO BOX 2222 COLLEGEVILLE MN 563212222 MICHAEL HEMESATH PRESIDENT 60.00 0.00 X X 304455 0 56292 JOE MUCHA TRUSTEE - CHAIR 5.00 0.00 X X 0 0 0 MARILOU ELDRED TRUSTEE - VICE CHAIR 4.00 0.00 X X 0 0 0 STEVE ARMSTRONG TRUSTEE 4.00 0.00 X 0 0 0 DENNIS BEACH OSB TRUSTEE/ASSOC PROFESSOR 50.00 0.00 X 0 0 0 TYLER BROWN STUDENT TRUSTEE/STUDENT EMPLOYEE 10.00 0.00 X 3005 0 0 TERENCE CHECK TRUSTEE/FACULTY MEMBER 50.00 0.00 X 78331 0 25630 TONY CHRISTIANSON TRUSTEE 2.00 0.00 X 0 0 0 BRIAN CREVOISERAT TRUSTEE 2.00 0.00 X 0 0 0 PATRICK ELLINGSWORTH TRUSTEE 3.00 0.00 X 0 0 0 TERRY FRUTH TRUSTEE 3.00 0.00 X 0 0 0 STUART HARVEY JR TRUSTEE 2.00 0.00 X 0 0 0 ERIC HOLLAS OSB TRUSTEE/DEPUTY TO PRESIDENT FOR ADVMT 50.00 0.00 X 0 0 0 ANN HUNTRODS TRUSTEE 2.00 0.00 X 0 0 0 BILL KLING TRUSTEE 2.00 0.00 X 0 0 0 JAMES KNOBLACH TRUSTEE 2.00 0.00 X 0 0 0 PAUL KRUMP TRUSTEE 2.00 0.00 X 0 0 0 PEGGY LADNER TRUSTEE 2.00 0.00 X 0 0 0 BENEDICT LEUTHNER OSB TRUSTEE 2.00 0.00 X 0 0 0 RENE MCGRAW OSB TRUSTEE/ASSOC PROFESSOR 50.00 0.00 X 0 0 0 DAN MCKEOWN TRUSTEE 2.00 0.00 X 0 0 0 THOMAS NICOL TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN NORRIS TRUSTEE 2.00 0.00 X 0 0 0 BILL O'CONNELL TRUSTEE 2.00 0.00 X 0 0 0 RICHARD OSTLUND TRUSTEE 2.00 0.00 X 0 0 0 JOSE PERIS TRUSTEE 2.00 0.00 X 0 0 0 ROBIN PIERZINA OSB TRUSTEE/FACULTY RESIDENT 10.00 0.00 X 0 0 0 DAVID REHR TRUSTEE 2.00 0.00 X 0 0 0 MIKE SCHERER TRUSTEE 3.00 0.00 X 0 0 0 THOMAS SCHNETTLER TRUSTEE 3.00 0.00 X 0 0 0 BILL SCHUBERT TRUSTEE 2.00 0.00 X 0 0 0 FRED SENN TRUSTEE 3.00 0.00 X 0 0 0 JIM SEXTON TRUSTEE 4.00 0.00 X 0 0 0 PRINCE WALLACE TRUSTEE 2.00 0.00 X 0 0 0 DAN WHALEN TRUSTEE 4.00 0.00 X 0 0 0 RICHARD ADAMSON VP OF FINANCE AND ADMIN - TREASURER 50.00 0.00 X 202198 0 32911 PATRICIA EPSKY CORPORATE SECRETARY - CHIEF OF STAFF 50.00 0.00 X 94967 0 10819 ROBERT CULLIGAN VP OF INSTITUTIONAL ADVANCEMENT 50.00 0.00 X 211005 0 86860 WILLIAM CAHOY DEAN-SCHOOL OF THEOLOGY 50.00 0.00 X 127688 0 16526 JOSEPH DESJARDINS VICE PROVOST 50.00 0.00 X 128270 0 28033 JON MCGEE VP PLANNING & PUBLIC AFFAIRS 50.00 0.00 X 133881 0 38614 JAMES TRIGGS EXEC DIRECTOR OF HERITAGE PROGRAM 50.00 0.00 X 193258 0 70036 JOHN YOUNG AVP OF INSTITUTIONAL ADVANCEMENT 50.00 0.00 X 130829 0 67699 CARRIE BRAUN FORMER FACULTY TRUSTEE 50.00 0.00 X 103384 0 9242 1711271 0 442662 21 1 1 0 ORDER OF SAINT BENEDICT 2900 ABBEY PLAZA COLLEGEVILLE MN 56321 MAINT, REPAIRS & EDUCATION RELATED 4284291 BREITBACH CONSTRUCTION CO PO BOX 78 ELROSA MN 56325 CONSTRUCTION 1192541 JOHN ROBERTS CO 9687 EAST RIVER ROAD MINNEAPOLIS MN 55433 PRINTING 803609 AMERICAN MASONRY RESTORATION CORP 7701 E RIVER ROAD FRIDLEY MN 55432 CONSTRUCTION 734600 KNUTSON CONSTRUCTION SERVICES 5500 WAYZATA BLVD 300 MINNEAPOLIS MN 55416 CONSTRUCTION 193711 16 14359 1161291 14056019 1182736 15231669 TUITION AND FEES 611600 70346093 70346093 FOOD SERVICES 611700 8856651 8762525 94126 RESIDENCE HALLS 611700 7836732 7796832 39900 STUDENT SERVICES & PROGRAMMING 611700 1007859 1007859 OTHER AUXILIARIES 611700 927153 906858 20295 88974488 5569409 50161 5519248 8435 8435 102006654 91595402 10411252 10411252 10411252 89182 14359 79705 9477 9477 3143495 2054813 1088682 30301 1058381 NET GAIN ON INSURANCE PROCEEDS 900099 647449 647449 MISCELLANEOUS 900099 517614 517614 1165063 122458475 88820167 234783 18171856 104502 104502 33978176 33978176 1146893 107747 727298 311848 30779893 24824700 3984022 1971171 1912638 1557069 251787 103782 5504615 4430813 865264 208538 2015186 1584090 306813 124283 189368 189368 412347 408087 4260 65991 65991 127167 127167 67420 67420 1007853 1007853 1644929 1525043 109597 10289 650645 299418 205671 145556 599990 309196 235118 55676 856546 453890 344294 58362 86624 86624 8993846 8128894 862440 2512 2302342 1990806 171590 139946 678112 249611 235656 192845 846905 846905 4600744 3950667 650077 180197 63792 116405 OTHER AUXILIARIES 4894010 4894010 STUDENT PROGRAMMING 2727104 2727104 MISCELLANEOUS EXPENSES 954205 96333 837725 20147 COST CENTER ALLOCATIONS 0 1535952 -1726692 190740 107328248 93934710 9786163 3607375 7247268 8077109 11039906 11284962 833406 687377 8368494 7792441 932175 865890 131072335 9452634 120272891 121619701 119584314 146954666 45152893 44203961 2489006 2466959 20842113 12617646 336762466 356570712 6891974 6826460 2489006 2466959 2276537 2095361 39054019 33026346 280749 282104 9255660 7490042 60247945 52187272 X 161003409 172841124 45405608 59123082 70105504 72419234 276514521 304383440 336762466 356570712 X 15130227 12378482 360210 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 126342 126342 0 PART II-B, LINE 1: THIS FIGURE IS EQUAL TO THE AMOUNT OF DUES PAID BY SAINT JOHN'S UNIVERSITY TO THE MINNESOTA PRIVATE COLLEGE COUNCIL, AN ASSOCIATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NONELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. A PORTION OF THIS AMOUNT, BUT NOT ALL OF IT, SUPPORTED ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"). 318481 14210452 X X X 0 0 1 X 152164296 4753054 24118118 3315624 8804087 168915757 144337960 17665124 3149015 6689773 152164296 0.34740 0.39690 0.25580 1 0 7255025 7255025 91660070 5734397 85925673 10291070 3718237 6572833 21866170 21866170 121619701 PRIVATE EQUITY 8091277 F VENTURE CAPITAL 8173851 F REAL ESTATE 12930074 F ENDOWMENT HELD BY OTHERS 2253290 F SECURITIES HELD OUTSIDE 12755469 F 44203961 ANNUITIES AND UNITRUSTS PAYABLE 6511973 OTHER LONG TERM LIABILITIES 978069 7490042 X 74229779 12378482 2134518 14513000 59716779 1007853 61733843 62741696 122458475 74476737 2134518 2134518 72342219 1007853 33978176 34986029 107328248 PART III, LINE 4: THE UNIVERSITY HOLDS A HAND WRITTEN BIBLE, VARIOUS RARE BOOKS, AND DIGITAL IMAGES OF RARE OR ENDANGERED MANUSCRIPTS. THESE ITEMS ARE BEING PRESERVED FOR USE BY STUDENTS AND SCHOLARS FOR RESEARCH PURPOSES. PART IV, LINE 2B: THE UNIVERSITY HOLDS FUNDS ON BEHALF OF OTHER ORGANIZATIONS FOR FISCAL MANAGEMENT PURPOSES. THESE FUNDS ARE HELD BY THE UNIVERSITY AND DISTRIBUTED BACK TO THE ORGANIZATION UPON REQUEST. THE UNIVERSITY HAS RECOGNIZED THE FUNDS AS A LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT DRAW IS USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION, PROGRAMMING, AND THE GENERAL OPERATIONS OF THE INSTITUTION. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE UNIVERSITY IS SUBJECT TO UNRELATED BUSINESS INCOME TAX WITH RESPECT TO PARTNERSHIP INVESTMENT INCOME, ADVERTISING REVENUE, EVENTS REVENUE, AND BOOKSTORE WEBSITE SALES. THE UNIVERSITY HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S 2013 AND 2012 TAX YEARS REMAIN OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,054,813. SPECIAL EVENT EXPENSES 79,705. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 33,978,176. NON-OPERATING INVESTMENT ACTIVITIES 19,361,656. PRIVATE GIFTS AND GRANTS 7,227,618. OTHER INVESTMENT INCOME 161,521. CHANGE IN CONTRIBUTIONS 245,055. ANNUITY AND UNITRUST NET GIFTS 112,368. NET GAIN FROM INSURANCE PROCEEDS 647,449. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,054,813. SPECIAL EVENT EXPENSES 79,705. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 33,978,176. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICIES ARE PUBLISHED ON THE UNIVERSITY'S WEBSITE, ADS IN LOCAL NEWSPAPERS AND OTHER PUBLICATIONS AS A RESULT OF EMPLOYMENT ANNOUNCEMENTS AS WELL AS CORRESPONDENCE WITH CURRENT AND POTENTIAL STUDENTS. SCHEDULE E, PART I, LINE 6 SAINT JOHN'S UNIVERSITY RECEIVES FEDERAL AND STATE AID FOR GRANTS AND WORKSTUDY. CENTRAL AMERICA & CARIBBEAN 0 17 PROGRAM SERVICES STUDENT PROGRAMS 92071 EAST ASIA & THE PACIFIC 0 8 PROGRAM SERVICES STUDENT PROGRAMS 390941 EUROPE 0 67 PROGRAM SERVICES STUDENT PROGRAMS 1336068 MIDDLE EAST & NORTH AFRICA 0 1 PROGRAM SERVICES STUDENT PROGRAMS 14396 SOUTH AMERICA 0 4 PROGRAM SERVICES STUDENT PROGRAMS 177097 SOUTH ASIA 0 8 PROGRAM SERVICES STUDENT PROGRAMS 60473 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES STUDENT PROGRAMS 85991 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT PROGRAMS 2376 EUROPE 0 3 PROGRAM SERVICES BIBLE HERITAGE 198811 MIDDLE EAST & NORTH AFRICA 0 4 PROGRAM SERVICES HMML PRESERVATION 217327 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES HMML PRESERVATION 196225 SOUTH ASIA 0 0 PROGRAM SERVICES HMML PRESERVATION 4501 EUROPE 0 7 PROGRAM SERVICES HMML PRESENTATION 68760 0 106 0 15 0 121 2159413 685624 2845037 1 0 1 1 0 1 PART I, LINE 3: ACCRUAL METHOD X X X X X X X 1 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CAMPAIGN CONSULTANT 0 0 42440 0 CORTLANDT B FENGLER 809 BARNESON AVENUE SAN MATEO CA 94402 FUNDRAISING COUNSELING 0 0 24980 0 67420 MN CA ALUMNI ASSOCIATION GOLF 34484 1934 32550 0 443 15398 10622 4084 TUCKER CLASSIC 13824 0 13824 8945 3114 5 55233 12425 42808 100 23208 6903 2250 4638 103541 14359 89182 543 47551 17525 2250 11836 79705 9477 1 GREATER ST CLOUD DEVELOPMENT CORPORATION 1010 W ST GERMAIN STREET SUITE 250 ST CLOUD MN 56301 452050341 501(C)(3) 7500 0 N/A N/A COMMUNITY DEVELOPMENT MINNESOTA PUBLIC RADIO 480 CEDAR STREET ST PAUL MN 55101 410953924 501(C)(3) 30000 32002 OTHER OFFICE SPACE GENERAL OPERATING SUPPORT COLLEGEVILLE TOWNSHIP 27724 COUNTY ROAD 50 COLD SPRING MN 56320 411647993 GOVERNMENTAL ENTITY 35000 0 N/A N/A ROAD REPAIR 3 0 STUDENT SCHOLARSHIPS & FINANCIAL AID 1839 33978176 0 N/A N/A PART I, LINE 2: THE FINANCIAL AID OFFICE MAINTAINS RECORDS WHICH SUBSTANTIATE ELIGIBILITY AND THE AMOUNT OF ASSISTANCE GIVEN TO STUDENTS. NEED BASED ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED BY USING INFORMATION ON THE FAFSA, AND MERIT BASED STUDENT AID IS DETERMINED USING VARIOUS FACTORS TO ASSESS ACADEMIC PERFORMANCE OF THE STUDENT. GIFTS/SPONSORSHIPS TO ORGANIZATIONS ARE REVIEWED AND APPROVED BY THE PRESIDENT. X 1 1 X X X 0 0 0 1 0 0 0 0 0 MICHAEL HEMESATH PRESIDENT 301294 0 0 0 3161 0 22950 0 33342 0 360747 0 0 0 RICHARD ADAMSON VP OF FINANCE AND ADMIN - TREASURER 202060 0 0 0 138 0 18619 0 14292 0 235109 0 0 0 ROBERT CULLIGAN VP OF INSTITUTIONAL ADVANCEMENT 211005 0 0 0 0 0 18812 0 68048 0 297865 0 0 0 JOSEPH DESJARDINS VICE PROVOST 127874 0 0 0 396 0 11888 0 16145 0 156303 0 0 0 JON MCGEE VP PLANNING & PUBLIC AFFAIRS 133743 0 0 0 138 0 12502 0 26112 0 172495 0 0 0 JAMES TRIGGS EXEC DIRECTOR OF HERITAGE PROGRAM 98011 0 94964 0 283 0 9000 0 61036 0 263294 0 0 0 JOHN YOUNG AVP OF INSTITUTIONAL ADVANCEMENT 130566 0 0 0 263 0 12306 0 55393 0 198528 0 0 0 CARRIE BRAUN FORMER FACULTY TRUSTEE 103203 0 0 0 181 0 9051 0 191 0 112626 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - MICHAEL HEMESATH - THE PRESIDENT IS REQUIRED TO LIVE ON THE UNIVERSITY CAMPUS AS A CONDITION OF EMPLOYMENT THEREFORE THE HOUSING ALLOWANCE IS NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 5 AS PART OF HIS COMPENSATION PACKAGE, JIM TRIGGS, EXECUTIVE DIRECTOR OF THE BIBLE HERITAGE PROGRAM, WAS PAID A COMMISSION BASED ON SALES OF THE HERITAGE EDITIONS OF THE BIBLE. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HMQ4 2008-06-04 11301602 SEE PART VI 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HFP4 2005-08-18 40607696 SEE PART VI 0 0 0 A 1403062 11301602 784350 279830 226032 10011390 2009 0 0 1 1 B 17509900 40607696 9674 532392 40065630 2005 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 1 B 0 0 0 1 0 0 1 GRAND CENTRAL FUNDING 13.300000000000 1 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2012 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2006 SCHEDULE K, PART I, LINE A, COLUMN (F) CONSTRUCTION OF STUDENT HOUSING, COMMUNITY CENTER, AND DINING RENOVATIONS. SCHEDULE K, PART I, LINE B, COLUMN (F) REFINANCE TWO PRIOR BONDS ORIGINALLY ISSUED TO FUND SCIENCE CENTER, ATHLETIC COMPLEX, QUAD BUILDING RENOVATIONS, AND DORMITORIES. 20400 SCHOLARSHIP STUDENT AID RT JONES CAPITAL MANAGEMENT EQUITIES A FAMILY MEMBER OF TRUSTEE PEGGY LADNER HAS OWNERSHIP IN RT JONES CAPITAL 125691 INVESTMENT MANAGEMENT FEES 0 X 4011 COST X 4167 COST X 71 1163930 FAIR MARKET VALUE X PLANTS 4 5696 COST X EVENT FUNDING 4 4931 COST 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: A THIRD PARTY IS OFTEN USED TO LIQUIDATE DONATED VEHICLES. FORM 990, PART I, LINE 8: GIFT FROM ORDER OF ST. BENEDICT: PRIOR TO JULY 1, 2012, ST. JOHN'S UNIVERSITY WAS AN OPERATING DIVISION OF THE ORDER OF ST. BENEDICT (OSB), A BENEDICTINE MONASTERY. EFFECTIVE JULY 1, 2012, ST. JOHN'S UNIVERSITY BEGAN OPERATIONS AS A NEW SEPARATE CIVIL CORPORATION. ALL ASSETS AND LIABILITIES PREVIOUSLY ASSOCIATED WITH THE UNIVERSITY DIVISION, AND NECESSARY TO ITS ONGOING OPERATIONS, WERE TRANSFERRED BY THE OSB TO THE NEW UNIVERSITY CIVIL CORPORATION AS OF JULY 1, 2012. IN CONNECTION WITH THE TRANSFER, THE UNIVERSITY HAS A LAND LEASE AGREEMENT WITH OSB FOR ALL OF THE LAND THAT THE CAMPUS SITS ON. IN ADDITION, THE UNIVERSITY LEASES SEVERAL OSB BUILDINGS NEEDED FOR UNIVERSITY OPERATIONS. THE UNIVERSITY AND OSB SHARE CERTAIN ADMINISTRATIVE AND FACILITY COSTS, WHICH ARE ALLOCATED BETWEEN THE TWO ENTITIES. THE NET GIFT TO THE UNIVERSITY FROM OSB WAS $250,564,158, AND IS INCLUDED IN THE PRIOR YEAR COLUMN OF PART I, LINE 8. FORM 990, PART III, LINE 1: DESCRIPTION OF ORGANIZATION'S MISSION: SAINT JOHN'S UNIVERSITY FOSTERS THE VITALITY OF COMMUNITY THROUGH LEARNING AND THE PURSUIT OF WISDOM THROUGH ITS UNDERGRADUATE COLLEGE OF ARTS AND SCIENCES AND ITS GRADUATE SCHOOL OF THEOLOGY AND RELATED PROGRAMS. STRIVING FOR EXCELLENCE, WE UNITE THE WISDOM OF CATHOLIC SOCIAL TEACHING AND INTELLECTUAL TRADITION WITH THE PRACTICALITY OF THE COMMON LIFE ENVISIONED BY SAINT BENEDICT. SAINT JOHN'S UNIVERSITY'S UNDERGRADUATE COLLEGE IS A NATIONALLY-LEADING RESIDENTIAL LIBERAL ARTS COLLEGE FOR MEN WHOSE UNIQUE PARTNERSHIP WITH THE COLLEGE OF SAINT BENEDICT FOR WOMEN OFFERS STUDENTS THE EDUCATIONAL CHOICES OF A LARGE UNIVERSITY AND THE INDIVIDUAL ATTENTION AND COMMUNITY OF A PREMIER SMALL COLLEGE. THE LIBERAL ARTS EDUCATION PROVIDED IS ROOTED IN THE CATHOLIC UNIVERSITY TRADITION AND GUIDED BY THE BENEDICTINE PRINCIPLES. THESE PRINCIPLES STRESS CULTIVATION OF THE LOVE OF GOD, COMMUNITY, HOSPITALITY, STEWARDSHIP, LISTENING, WORSHIP, AND BALANCED LIVING. THE LIBERAL ARTS FORM THE CORE OF DISCIPLINED INQUIRY AND RICH PREPARATION FOR THE PROFESSIONS, PUBLIC LIFE, AND SERVICE TO OTHERS. ST. JOHN'S VISION IS TO EXCEL IN PROVIDING A UNIQUE AND ACCESSIBLE EDUCATIONAL ENVIRONMENT FOR A DIVERSE COMMUNITY OF UNDERGRADUATE MEN, AS WELL AS A GRADUATE COMMUNITY OF MALE AND FEMALE STUDENTS OF THEOLOGY, DRAWN FROM A BROAD RANGE OF SOCIO-ECONOMIC AND CULTURAL BACKGROUNDS AND SHOWING EVIDENCE OF THE CAPACITY TO PURSUE, RESPECTIVELY, LIBERAL ARTS STUDIES AND GRADUATE THEOLOGICAL EDUCATION WITH DISTINCTION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SHALL BE COMPOSED OF A RANGE OF BETWEEN EIGHT AND TWELVE MEMBERS, EACH WITH A VOTE: THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES; THE PRESIDENT OF THE UNIVERSITY; ONE TRUSTEE; AND THE REMAINING TRUSTEES ELECTED BY THE BOARD OF TRUSTEES. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE THE SAME POWERS AS THE BOARD OF TRUSTEES EXCEPT IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, APPROVE THE ANNUAL BUDGET, APPOINT OR REMOVE THE PRESIDENT, ALTER THE UNIVERSITY'S ARTICLES OF INCORPORATION OR BYLAWS, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED TO THE CLASS A OR CLASS B MEMBERS OR SPECIFICALLY RESERVED TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY HAS TWO CLASSES OF MEMBERS. THE CLASS A MEMBERS SHALL CONSIST OF FIVE MONKS OF SAINT JOHN'S ABBEY, AND SHALL INCLUDE THE ABBOT, THE CANONICAL TREASURER, AND THREE ADDITIONAL MONKS. THE CLASS B MEMBERS SHALL BE THE FINALLY PROFESSED MEMBERS OF SAINT JOHN'S ABBEY IN GOOD STANDING. FORM 990, PART VI, SECTION A, LINE 7A THE CLASS A MEMBERS MAY ELECT ONE MEMBER TO THE BOARD OF TRUSTEES AND HAVE COMPLETE BOARD DISMISSAL AND REPLACEMENT AUTHORITY. THE CLASS B MEMBERS MAY ELECT UP TO FOUR MEMBERS TO THE BOARD OF TRUSTEES, MAY REMOVE TRUSTEES ELECTED BY CLASS B MEMBERS, AND MAY ELECT CLASS A MEMBERS TO FILL A VACANCY. FORM 990, PART VI, SECTION A, LINE 7B THE CLASS A MEMBERS SHALL HAVE THE AUTHORITY TO TAKE THE FOLLOWING ACTIONS UNILATERALLY: ELECT OR REMOVE ONE CLASS A MEMBER TO THE BOARD OF TRUSTEES AND FILL A VACANCY IN SUCH POSITION; ELECT ONE TRUSTEE TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES; REQUIRE THE BOARD OF TRUSTEES TO CONSIDER OR RECONSIDER ANY ACTION OR ITEM THAT THE CLASS A MEMBERS HAVE DETERMINED TO BE SIGNIFICANT TO THE BENEDICTINE OR CATHOLIC CHARACTER OF THE UNIVERSITY; REMOVE ALL OF THE MEMBERS OF THE BOARD OF TRUSTEES AS A GROUP AND NAME SUCCESSOR TRUSTEES; APPOINT ONE CLASS A MEMBER TO ANY PRESIDENTIAL SEARCH COMMITTEE. THE UNIVERSITY MAY NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT APPROVAL OF THE CLASS A MEMBERS: THE SALE, LEASE, OR ENCUMBRANCE OF REAL PROPERTY OWNED BY THE UNIVERSITY; THE PURCHASE OF REAL PROPERTY CONTIGUOUS TO LAND OWNED BY THE ORDER OF SAINT BENEDICT; THE INCURRENCE OF LONG-TERM DEBT IN AN AMOUNT WHICH EXCEEDS CANONICAL LIMITS; THE ADOPTION OR SUBSTANTIVE AMENDMENT OF THE GIFT POLICIES OF THE CORPORATION; APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ELECTION OF NEW TRUSTEES. THE CLASS B MEMBERS' RIGHTS ARE LIMITED TO ELECTING AND REMOVING UP TO FOUR CLASS B MEMBERS TO THE BOARD OF TRUSTEES AND ELECTING CLASS A MEMBERS TO FILL A VACANCY. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE CHAIR AND UNIVERSITY MANAGEMENT WILL REVIEW THE FULL FORM 990, INCLUDING SCHEDULE B. THE AUDIT COMMITTEE WILL REVIEW THE FORM 990, EXCLUDING SCHEDULE B, BEFORE FILING WITH THE IRS. THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF FORM 990, EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES, OFFICERS, EXECUTIVE-LEVEL EMPLOYEES, AND NON-TRUSTEE MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. A PERSON WHO HAS AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER RELATIONSHIP OR FINANCIAL INTEREST TO THE CHAIR OF THE BOARD OF TRUSTEES OR THE RELEVANT COMMITTEE CHAIR. THE CHAIR OF THE MEETING SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED COVERED PERSON, SUCH COVERED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING AT WHICH THE PROPOSED TRANSACTION OR ARRANGEMENT WITH THE UNIVERSITY IS CONSIDERED. THE REMAINING MEMBERS OF THE BOARD OR COMMITTEE SHALL THEN DISCUSS AND VOTE ON WHETHER A CONFLICT OF INTEREST EXISTS AND SHALL SEEK THE ADVICE OF LEGAL COUNSEL WHERE APPROPRIATE IN MAKING SUCH A DETERMINATION. THE COVERED PERSON WHO IS KNOWN TO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A TRANSACTION OR ARRANGEMENT THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A IN ACCORDANCE WITH SALARY SECTION OF THE PRESIDENT'S WRITTEN EMPLOYMENT AGREEMENT, "THE BOARD OF TRUSTEES (THE "BOARD") OR A COMMITTEE DESIGNATED BY THE BOARD SHALL GENERALLY CONDUCT A REVIEW OF THE EMPLOYEE'S PERFORMANCE OF HIS DUTIES AS PRESIDENT ON AN ANNUAL BASIS. BASED ON THE EMPLOYEE'S PERFORMANCE, DATA REGARDING COMPENSATION PROVIDED BY COMPARABLE ENTITIES TO THEIR PRESIDENTS, AND THE UNIVERSITY'S FISCAL CONDITION, THE BOARD OR A COMMITTEE DESIGNATED BY THE BOARD MAY, IN ITS SOLE DISCRETION, INCREASE THE EMPLOYEE'S BASIC ANNUAL SALARY." THE COMPENSATION PROGRAM IS MARKET-BASED. A MARKET ANALYSIS IS COMPLETED USING CUPA-HR (COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) SALARY SURVEY DATA. THE CRITERIA FOR THE MARKET ANALYSIS INCLUDES A REVIEW AT A NATIONAL LEVEL OF PRIVATE INDEPENDENT HIGHER EDUCATION INSTITUTIONS WITH RESPECT TO ENROLLMENT, BUDGET, AND CARNEGIE CLASSIFICATION. HUMAN RESOURCES GATHERS THE DATA AND PROVIDES INFORMATION TO THE BOARD CHAIR FOR REVIEW AND DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN 2014 FOR THE PRESIDENT, M. HEMESATH. FOR OTHER OFFICERS OF THE UNIVERSITY, THE COMPENSATION PROGRAM IS MARKET-BASED. A MARKET ANALYSIS IS COMPLETED USING CUPA-HR (COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) SALARY SURVEY DATA. THE CRITERIA FOR THE MARKET ANALYSIS INCLUDES A REVIEW AT A NATIONAL LEVEL OF PRIVATE INDEPENDENT HIGHER EDUCATION INSTITUTIONS WITH RESPECT TO ENROLLMENT, BUDGET, AND CARNEGIE CLASSIFICATION. HUMAN RESOURCES GATHERS THE DATA AND PROVIDES INFORMATION TO THE PRESIDENT FOR REVIEW AND DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN 2013 FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, R. ADAMSON; AND THE VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, R. CULLIGAN. FORM 990, PART VI, SECTION C, LINE 19 SAINT JOHN'S UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. THE UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY 360,210. ORDER OF ST BENEDICT 2900 ABBEY PLAZA PO BOX 2400 COLLEGEVILLE MN 56321 410693973 ABBEY/MONASTERY MN 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER UNITRUSTS (29) TRUST MN N/A T 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0