2015-01-12T08:30:03-06:00 2014-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-06-01 410695509 ST CATHERINE UNIVERSITY STCA 6516906566 2004 RANDOLPH AVENUE ST PAUL MN 551051794 THOMAS J ROONEY VP FOR FINANCE/ADMIN & CFO 6516906043 2014-12-17 1 KAREN GRIES P00078514 6123764500 2013 2016-02-25 16:41:14Z ANDREA J LEE IHM 2004 RANDOLPH AVENUE ST PAUL MN 551051794 184237957 0 0928 X WWW.STKATE.EDU X 1913 MN TO EDUCATE STUDENTS TO LEAD AND INFLUENCE. 29 28 2636 1039 54551 -64137 9866226 11894638 101062308 104115364 3966626 8860647 1029443 999698 115924603 125870347 26427866 27494680 0 0 58232367 60601889 56886 75324 2385511 31433239 31378697 116150358 119550590 -225755 6319757 237973924 250528417 81237556 80431079 156736368 170097338 X ST. CATHERINE UNIVERSITY EDUCATES STUDENTS TO LEAD AND INFLUENCE. WITH A BACCALAUREATE COLLEGE FOR WOMEN AT ITS HEART AND GRADUATE AND ASSOCIATE PROGRAMS FOR WOMEN AND MEN, THE UNIVERSITY INTEGRATES LIBERAL ARTS AND PROFESSIONAL EDUCATION WITHIN THE CATHOLIC TRADITION. 0 0 79961058 27494680 92606736 SEE SCHEDULE O.ST. CATHERINE UNIVERSITY IS THE ONLY PRIVATE INSTITUTION IN MINNESOTA TO CONFER DEGREES AT THE ASSOCIATE, BACCALAUREATE, MASTER'S AND DOCTORAL LEVELS. TOTAL 2013-2014 ENROLLMENT ON BOTH CAMPUSES, IN ST. PAUL AND MINNEAPOLIS, IS 5,017 STUDENTS - 96.5 PERCENT WOMEN AND 28.4 PERCENT MULTICULTURAL OR INTERNATIONAL. DURING THE 2013-2014 ACADEMIC YEAR, ST. CATHERINE UNIVERSITY AWARDED 45 UNDERGRADUATE CERTIFICATES, 223 ASSOCIATE DEGREES, 623 BACCALAUREATE DEGREES, 110 POST-BACCALAUREATE CERTIFICATES, 431 MASTER'S DEGREES, AND 43 DOCTORATE DEGREES - PROFESSIONAL PRACTICE. OUR REPUTATION FOR ACADEMIC EXCELLENCE AND OUR NATIONALLY RECOGNIZED PROGRAMS HAVE ALSO PLACED US AMONG THE TOP TIERS OF CATHOLIC AND MASTER'S UNIVERSITIES NATIONWIDE. ST. CATHERINE RANKED 13TH AMONG THE "REGIONAL UNIVERSITIES - MIDWEST" IN U.S. NEWS & WORLD REPORT'S "BEST COLLEGES" ISSUE IN 2014. THE UNIVERSITY WAS RANKED IN "ECONOMIC DIVERSITY AMONG TOP-RANKED SCHOOLS." 13076864 400420 SEE SCHEDULE O.ST. CATHERINE UNIVERSITY HELPS STUDENTS ACHIEVE THEIR BEST BY OFFERING SMALL CLASSES, COMMITTED FACULTY MEMBERS, AND AN ARRAY OF ACADEMIC AND PERSONAL SUPPORT SERVICES. THESE SERVICES INCLUDE ACADEMIC ADVISING, FINANCIAL AID AND CAREER COUNSELING, AN INTERCAMPUS SHUTTLE THAT LINKS ST. KATE'S WITH FOUR NEIGHBORING CAMPUSES IN THE TWIN CITIES, A HEALTH AND WELLNESS CENTER, A CAMPUS MINISTRY PROGRAM AND ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES. ALL OF OUR SERVICES COMBINE TO MAKE THE ST. KATE'S EXPERIENCE ONE THAT NURTURES STUDENTS IN MIND, BODY AND SPIRIT.IN ADDITION, ST. CATHERINE HAS PROGRAMS THAT CATER TO SPECIFIC STUDENT POPULATIONS. FOR EXAMPLE, THE MULTICULTURAL CENTER ON THE MINNEAPOLIS CAMPUS - PART OF THE OFFICE OF MULTICULTURAL AND INTERNATIONAL PROGRAMS AND SERVICES - PROVIDES ADVISING, ADVOCACY AND REFERRALS FOR STUDENTS OF COLOR. THE ACCESS AND SUCCESS PROGRAM HELPS STUDENT PARENTS BALANCE SCHOOL, FINANCES AND FAMILY LIFE, INCLUDING HELPING THEM TO FIND AFFORDABLE HOUSING AND REPUTABLE CHILDCARE. 12206125 11038286 SEE SCHEDULE O.ST. CATHERINE UNIVERSITY IS, AT HEART, A COMMUNITY - ONE THAT RECOGNIZES STUDENTS, FACULTY AND STAFF MEMBERS AS WHOLE HUMAN BEINGS WHO HAVE PRACTICAL AS WELL AS INTELLECTUAL NEEDS. OUR AUXILIARY SERVICES CONTRIBUTE TO THE OVERALL QUALITY OF LIFE ON THE 110-ACRE ST. PAUL CAMPUS AND THE SMALLER, MORE URBAN CAMPUS IN MINNEAPOLIS.AUXILIARY SERVICES IS THE PARENT DEPARTMENT OF A DIVERSE GROUP OF INTERNAL UNITS, INCLUDING O'SHAUGHNESSY PERFORMING ARTS, PRINTING SERVICES, RESIDENCE HALLS AND APARTMENTS, CAMPUS MAIL, DINING AND CATERING, BOOKSTORES, AND MEETING AND EVENTS SERVICES. DURING THE 2013-2014 ACADEMIC YEAR, 75.2 PERCENT OF FIRST-YEAR STUDENTS LIVED ON CAMPUS.OUR FACILITIES CREW ENSURES THAT CAMPUS BUILDINGS AND GROUNDS ARE WELL MAINTAINED AND AESTHETICALLY PLEASING. SODEXO, THE FOOD SERVICE PROVIDER, UNDERSCORES THE VALUES OF ST. CATHERINE UNIVERSITY WITH ITS EMPHASIS ON NUTRITION, SAFE AND FAIR WORKING CONDITIONS, RECYCLING AND PROTECTING THE ENVIRONMENT. 105244047 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 6332 0 2636 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X THOMAS J ROONEY 6516906043 2004 RANDOLPH AVENUE ST PAUL MN 55105 ANDREA J LEE IHM PRESIDENT 40.00 X X 0 0 0 KAREN RAUENHORST CHAIR 2.00 X X 0 0 0 JOANNE JIRIK MULLEN VICE CHAIR 2.00 X X 0 0 0 JEAN WINCEK CSJ VICE CHAIR 2.00 X X 0 0 0 MARK CHRONISTER SECRETARY 2.00 X X 0 0 0 WILLIAM BRITT TRUSTEE 2.00 X 0 0 0 BARBARA DREHER CSJ TRUSTEE 2.00 X 0 0 0 THE MOST REVEREND HARRY J FLYNN TRUSTEE 2.00 X 0 0 0 MARGARET FORD TRUSTEE 2.00 X 0 0 0 MARGARET GILLESPIE CSJ TRUSTEE 2.00 X 0 0 0 MARGARET L KVASNICKA CSJ TRUSTEE 2.00 X 0 0 0 CATHERINE MCNAMEE CSJ TRUSTEE 2.00 X 0 0 0 JOAN MITCHELL CSJ TRUSTEE 2.00 X 0 0 0 SUSAN SCHMID MORRISON TRUSTEE 2.00 X 0 0 0 JEAN DELANEY NELSON TRUSTEE 2.00 X 0 0 0 THE MOST REVEREND JOHN C. NIENSTEDT TRUSTEE 2.00 X 0 0 0 MICHAEL O'BOYLE TRUSTEE 2.00 X 0 0 0 KATHLEEN O'BRIEN TRUSTEE 2.00 X 0 0 0 COLLEEN O'MALLEY CSJ TRUSTEE 2.00 X 0 0 0 DAVID PAGE TRUSTEE 2.00 X 0 0 0 LOIS GROSS ROGERS TRUSTEE 2.00 X 0 0 0 ANN BUCKINGHAM RYAN TRUSTEE 2.00 X 0 0 0 JOHN SPILLANE JR TRUSTEE 2.00 X 0 0 0 TERESA STERNS TRUSTEE 2.00 X 0 0 0 LINDA THEIS THRASHER TRUSTEE 2.00 X 0 0 0 SANDRA VARGAS TRUSTEE 2.00 X 0 0 0 SUNNY BACH WICKA TRUSTEE 2.00 X 0 0 0 DEBRA WILFONG TRUSTEE 2.00 X 0 0 0 BRENDA GRANDSTRAND WOODSON TRUSTEE 2.00 X 0 0 0 THOMAS J ROONEY VP FINANCE & ADMIN,CFO, TREASURER 40.00 X 157377 0 17458 STACY SCHWARZE JACOBSON EXEC ASST/CORPORATE SECRETARY 40.00 X 95976 0 48053 COLLEEN A HEGRANES EXECUTIVE VP AND PROVOST 40.00 X 159074 0 25462 BRIAN BRUESS EXECUTIVE VP OF OPERATIONS 40.00 X 156704 0 13553 PENOLOPE A MOYERS DEAN OF HENRIETTA SCHMOLL 40.00 X 145197 0 18759 JOANN BANGS DEAN OF BUSINESS & PROFESSIONAL STUDIES 40.00 X 105657 0 23274 ALAN SILVA ASST VP-DEAN HUMANITIES 40.00 X 116367 0 16085 NANCY HEITZEG PROFESSOR OF SOCIOLOGY 40.00 X 111612 0 6727 MARK BLEGEN ASSOC PROFESSOR OF NUTR/EXER SCIENCE 40.00 X 105582 0 21221 1153546 0 190592 11 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CTR CHICAGO IL 606740001 FOOD SERVICES MGMT 2988136 LOEFFLER COMPANIES INC 1101 E 78TH ST BLOOMINGTON MN 554201400 PRINTING & MAILING MGMT 654117 SANDRA NELSON ADVERTISING 126 N THIRD ST STE 500 MINNEAPOLIS MN 554011653 ADVERTISING 642123 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 232282206 ADMISSIONS CONSULTING 427575 SEMINARS INTERNATIONAL 55 E MONROE ST SUITE 2870 CHICAGO IL 60603 TRAVEL SERVICES 375665 21 18030 21450 2264353 9590805 973947 11894638 TUITION 611600 92606736 92606736 AUXILIARY SERVICES 532000 11038286 11038286 FINANCE FEES 611600 264715 264715 FEES & DEPOSITS 611600 135705 135705 FITNESS CENTER 531390 69922 69922 104115364 1623201 1623201 235738 152010 83728 83728 -15371 99099 65440089 58202643 7237446 7237446 7237446 15465 18030 12957 2508 2508 OTHER 900099 352109 352109 MEDICAL FEES 611600 304616 304616 PARKING 611600 256737 256737 913462 125870347 104045442 54551 9875716 26814278 26814278 680402 680402 684417 684417 46570597 40800953 4478771 1290873 2730719 2404325 250325 76069 7298103 6345919 751410 200774 3318053 2870155 357091 90807 12781 12781 104647 32996 71651 101505 33559 67946 119629 119629 75324 75324 282619 25098 257521 9138098 8103560 978604 55934 1294727 627296 655704 11727 7056308 5920878 828957 306473 1393566 150372 1242349 845 2508430 2464045 41376 3009 1124750 979692 87834 57224 539573 157435 203864 178274 1613299 1500368 112931 3794770 3549098 231736 13936 457976 147524 310452 MISCELLANEOUS EXPENSE 873794 704150 164505 5139 MEMBERSHIPS 455030 374390 74616 6024 REPAIRS & MAINTENANCE 258776 193113 65365 298 BAD DEBT EXPENSE 248419 244812 3607 119550590 105244047 11921032 2385511 6529680 4696689 3656577 3856560 1875821 2356428 402994 436759 1114040 1166597 133643500 60296753 75881994 73346747 132429750 147992648 5020184 5293938 8877833 9245727 2185051 2136324 237973924 250528417 11188406 11627969 8064820 8298925 619666 582878 53481475 52396010 6952232 6726314 930957 798983 81237556 80431079 X 79287924 91240451 40924374 39913784 36524070 38943103 156736368 170097338 237973924 250528417 X 6319757 6681428 359785 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 119629 119629 0 PART II-B, LINE 1: ST CATHERINE UNIVERSITY IS A MEMBER OF THE 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 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. ST CATHERINE PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $167,197 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $119,629 OF ST CATHERINE'S DUES WENT, IN PART, TOWARD LOBBYING. 64604914 1783345 11221936 1410874 1180154 131903 74887264 51821028 1926745 13356634 1310855 1096101 92537 64604914 54849188 1503124 -2263930 1067088 1087693 112573 51821028 44748508 1353611 10967562 1155282 937502 130707 54849188 37156443 1069732 8721998 1148915 931426 119324 44748508 0.04530 0.46760 0.48710 1 0 2298917 2298917 105419492 39422638 65996854 25105072 20874115 4230957 820019 820019 73346747 SPLIT INTEREST AGREEMENTS 250653 FUNDS HELD FOR OTHERS 548330 798983 X 105388174 6681428 524752 7206180 98181994 193673 27494680 27688353 125870347 92027204 164967 164967 91862237 193673 27494680 27688353 119550590 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, FACULTY DEVELOPMENT, AND APPROVED EXPENSES. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE UNIVERSITY ENGAGES IN ACTIVITIES THAT ARE CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. THESE ACTIVITIES ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. HOWEVER, SUCH ACTIVITIES GENERATED A LOSS IN FISCAL YEAR 2014 AND A GAIN IN FISCAL YEAR 2013. FURTHER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY-FORWARD OF $347,726 AVAILABLE TO OFFSET ANY TAXABLE INCOME FROM THESE UNRELATED ACTIVITIES. ACCORDINGLY, NO FEDERAL OR STATE TAX PROVISION IS REQUIRED. THE NET OPERATING LOSSES BEGIN TO EXPIRE IN 2021. THE UNIVERSITY ADOPTED ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS AND FILES AS A TAX EXEMPT ORGANIZATION. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE UNIVERSITY HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE SUBJECT TO REVIEW BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 102,525. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 257,260. RENTAL EXPENSES 152,010. SPECIAL EVENT EXPENSES 12,957. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 27,494,680. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 152,010. SPECIAL EVENT EXPENSES 12,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 27,494,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS INCLUDED IN THE COURSE CATALOG, ON THE UNIVERSITY'S WEBSITE AND IN ALL STUDENT POLICY DOCUMENTS (LE GUIDE). SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT FINANCIAL ASSISTANCE. 1 NORTH AMERICA - CANADA AND MEXICO 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 26472 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 139574 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 26302 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 19847 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 3356 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 421 EAST ASIA AND THE PACIFIC 0 0 GRANTS - FINANCIAL AID 106511 EUROPE 0 0 GRANTS - FINANCIAL AID 172379 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS - FINANCIAL AID 44021 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS - FINANCIAL AID 24339 SOUTH AMERICA 0 0 GRANTS - FINANCIAL AID 42525 SOUTH ASIA 0 0 GRANTS - FINANCIAL AID 67924 SUB-SAHARAN AFRICA 0 0 GRANTS - FINANCIAL AID 222703 0 0 0 0 0 0 494862 401512 896374 SCHOLARSHIPS EUROPE 7 172379 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 9 106511 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 3 44021 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA 3 42525 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH ASIA 6 67924 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 16 222703 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS RUSSIA & THE NEWLY INDEPENDENT STATES 2 24339 FINANCIAL AID AWARDS 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: THE FINANCIAL AID OFFICE DETERMINES STUDENT ELIGIBILITY FOR ALL FINANCIAL AWARDS ACCORDING TO THE UNIVERSITY'S ESTABLISHED ELIGIBILITY CRITERIA AND REGULATIONS. PART I, LINE 3: ACCRUAL X X X X X X X 1 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 PHONATHON CALL SYSTEM 0 0 10108 0 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 191824885 FEASIBILITY & CAMPAIGN PLANNING 0 0 35000 0 CAMPBELL & COMPANY ONE WACKER DR SUITE 2100 CHICAGO IL 60601 STRATEGIC COUNSEL & CASE DEVELOPMENT 0 0 20382 0 65490 MN ALL-ATHLETICS GOLF TOURNAMENT 33495 18030 15465 1475 6535 3515 1432 33495 18030 15465 1475 6535 3515 1432 12957 2508 1 SCHOLARSHIPS & OTHER FINANCIAL AID 2974 26814278 N/A N/A PART I, LINE 2: THE FINANCIAL AID OFFICE DETERMINES STUDENT ELIGIBILITY FOR FEDERAL, STATE AND INSTITUTIONAL SCHOLARSHIPS ACCORDING TO THE UNIVERSITY'S ESTABLISHED ELIGIBILITY CRITERIA AND REGULATIONS. X 1 1 X X 0 0 0 0 0 0 0 0 0 THOMAS J ROONEY VP FINANCE & ADMIN,CFO, TREASURER 157317 0 0 0 60 0 12769 0 4689 0 174835 0 0 0 COLLEEN A HEGRANES EXECUTIVE VP AND PROVOST 158678 0 0 0 396 0 13078 0 12384 0 184536 0 0 0 BRIAN BRUESS EXECUTIVE VP OF OPERATIONS 156614 0 0 0 90 0 12486 0 1067 0 170257 0 0 0 PENOLOPE A MOYERS DEAN OF HENRIETTA SCHMOLL 145197 0 0 0 0 0 11542 0 7217 0 163956 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES UNIVERSITY-OWNED HOUSING FOR ANDREA J. LEE, THE PRESIDENT OF THE UNIVERSITY. A MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HHUI 2006-08-28 8100062 RESIDENCE HALL CONSTRUCTION 0 0 0 B MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HYH1 2012-09-25 28939205 CURRENT REFUNDING 0 0 0 A 1273686 8100062 100062 8000000 2007 0 0 1 1 B 920000 28939205 2134750 267584 26536871 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.01420 0.00000 0.01420 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/07/2011 X 3 270 COMPARABLE SALES X 20858 COMPARABLE SALES X 327 COMPARABLE SALES X 65 828677 STOCK MARKET QUOTES X 1 350 DONOR VALUED X 1 25 DONOR VALUED X EQUIPMENT 4 120523 COMPARABLE SALES X GIFT CARDS 11 2917 FACE VALUE 1 0 1 0 PART I, COLUMN (B): THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS IN SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEES DESIGNATES FOUR OR MORE TRUSTEES, INCLUDING THE CHAIRPERSON AND PRESIDENT, TO CONSTITUTE AN EXECUTIVE COMMITTEE. TO THE EXTENT DETERMINED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, SHALL REPORT TO THE BOARD FORMAL ACTIONS IT MAY TAKE DURING ANY INTERVAL BETWEEN MEETINGS AND, AT ALL TIMES, IS SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B AN AFFIRMATIVE VOTE OF AT LEAST FOUR OF THE SPONSORSHIP COUNCIL TRUSTEES SHALL BE REQUIRED FOR THE BOARD OF TRUSTEES TO ACT ON ANY MATTER WHICH SUBSTANTIALLY AFFECTS OR ALTERS THE MISSION OR CATHOLIC IDENTITY OF THE UNIVERSITY; SELECTION OF TRUSTEES; SELECTION OR TERMINATION OF THE PRESIDENT; SALE OR MORTGAGING OF PROPERTY; MAJOR CONSTRUCTION CONTRACTS OR DEBT IN EXCESS OF THE THRESHOLDS ESTABLISHED BY THE NATIONAL CONFERENCE OF CATHOLIC BISHOPS; CLOSING OR MERGING THE UNIVERSITY; AND AMENDMENTS TO THE UNIVERSITY ARTICLES OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 BEFORE FILING THE TAX RETURN, THE PRESIDENT AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND CFO REVIEWED THE TAX RETURN. AFTER MANAGEMENT APPROVAL, THE AUDIT COMMITTEE THEN APPROVED THE TAX RETURN. THE PUBLIC INSPECTION COPY OF THE TAX RETURN WAS THEN PROVIDED ELECTRONICALLY TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ST. CATHERINE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL "INTERESTED PERSONS": OFFICERS, MEMBERS OF THE BOARD OF TRUSTEES, KEY EMPLOYEES AND OTHER EMPLOYEES WHO MAY INFLUENCE THE ACTIONS OF THE INSTITUTION. INTERESTED PERSONS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. PERIODIC REVIEWS ARE CONDUCTED TO ENSURE THE INSTITUTION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, THE INTERESTED PERSON ALERTS THE BOARD CHAIR TO SUCH CONFLICT BEFORE PARTICIPATING IN DELIBERATIONS OR DECISIONS ON THE MATTER. THE INTERESTED PERSON IS GIVEN AN OPPORTUNITY TO DISCLOSE MATERIAL FACTS TO THE BOARD. IF A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON MAY NOT PARTICIPATE IN DELIBERATIONS OR VOTING ON THE TRANSACTION OR ARRANGEMENT, EXCEPT TO PRESENT INFORMATION TO THE BOARD. THE BOARD CHAIR MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO AVOID PERCEIVED OR ACTUAL CONFLICTS. IF THE BOARD OF TRUSTEES, OR A COMMITTEE, BELIEVES AN INDIVIDUAL HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT INFORMS THE PERSON, AFFORDS THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE, MAKES FURTHER INVESTIGATION AS WARRANTED AND TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALL CONFLICT OF INTEREST DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION WAS APPROVED BY THE OFFICERS OF THE BOARD OF TRUSTEES EFFECTIVE 6/1/2010. IN 2011 AND IN SUBSEQUENT YEARS, THE PRESIDENT'S BASE SALARY AMOUNT SHALL BE INCREASED BY THE SAME PERCENTAGE INCREASE OFFERED OTHER UNIVERSITY ADMINISTRATIVE EMPLOYEES ACCORDING TO THE BOARD-APPROVED COMPENSATION PLAN, AND SHALL BE EFFECTIVE ON THE SAME DAY AS THE INCREASES ARE EFFECTIVE FOR OTHER UNIVERSITY ADMINISTRATIVE EMPLOYEES. BOARD CHAIR WILL DIRECT THE STAFF TO IMPLEMENT APPROPRIATE INCREASES FOR THE PRESIDENT. AS A MEMBER OF A RELIGIOUS ORDER, THE PRESIDENT'S COMPENSATION IS PAID TO HER ORDER. THE UNIVERSITY PROVIDES A HOUSE, A CAR, AND BENEFITS TO THE PRESIDENT. UTILITIES AND MAINTENANCE AND OTHER OPERATING COSTS OF THE HOUSE AND CAR ARE ALSO PAID BY THE UNIVERSITY. THE OTHER OFFICERS' SALARIES ARE DETERMINED IN THE SAME WAY AS OTHER EXEMPT AND FACULTY EMPLOYEES. SALARIES ARE BENCHMARKED AGAINST THE MEDIAN OF 184 COLLEGES AND UNIVERSITIES DESIGNATED AS MASTER'S RELIGIOUS BY THE CARNEGIE CLASSIFICATION. DATA FROM THE 184 COLLEGES AND UNIVERSITIES IS COLLECTED ANNUALLY BY THE HUMAN RESOURCES DEPARTMENT THROUGH THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION-HUMAN RESOURCES (CUPA-HR). THIS METHODOLOGY IS PART OF THE BOARD OF TRUSTEES APPROVED COMPENSATION PLAN. THE "GAP CLOSURE" PORTION OF COMPENSATION INCREASES WAS BASED ON THE CALCULATION OF HOW FAR AWAY FROM THE EXTERNAL PEER COMPARISON DATA AN INDIVIDUAL PERSON'S SALARY FELL. FUNDS WERE AWARDED IN THIS WAY: THE GENERAL INCREASE WAS DISTRIBUTED AS FOLLOWS: 1.0% COMPA RATIO >105% 1.5% BETWEEN 98 % AND 104%; 2.0% BETWEEN 92 % AND 97%; 2.3% 90% OR 91%; 3.0% BETWEEN 80% AND 89%; 3.5% LOWER THAN 80% THE REMAINING AVAILABLE DOLLARS WERE AWARDED FOR EXCEPTIONAL SERVICE OR INITIATIVE IN PURSUING THE UNIVERSITY'S STRATEGIC GOALS, BASED ON THE RECOMMENDATION OF THE PRESIDENT, AND THE APPROPRIATE DEAN AND/OR VICE PRESIDENT. MERIT AWARDS WERE ADDED TO THE BASE WHERE A FACULTY OR STAFF MEMBER'S COMPA RATIO WAS ASSESSED AT <1.00, THAT IS LESS THAN THE COMPARISON MEDIAN AND; WHERE THE COMPA RATIO WAS ASSESSED AT 1.00 OR >1.00, THE MERIT AWARD WAS GIVEN IN THE FORM OF A ONE-TIME BONUS. SALARIES FOR THESE OFFICERS WERE ADJUSTED ACCORDING TO THE SAME FORMULAS AS FOR THE ENTIRE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 ST. CATHERINE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 102,525. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 257,260. SISTERS OF ST JOSEPH OF CARONDELET ST PAUL PROVINCE 1884 RANDOLPH AVENUE ST PAUL MN 55105 411765361 EDUCATION, HEALTH CARE & SOCIAL SERVICES MN 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0