2014-05-15T09:04:25-05:00 2013-06-30 450250958 EIDE BAILLY LLP PO BOX 1914 BISMARCK ND 585021914 990 2012-07-01 450273403 University of Mary UNIV 7012557500 7500 University Dr Bismarck ND 585049652 Elizabeth Condic 7012557500 2014-05-14 1 Lisa Chaffee CPA P00193453 7012551091 2014-05-14 2012 2015-11-30 17:44:51Z Elizabeth Condic 7500 University Dr Bismarck ND 585049652 59260402 0 X www.umary.edu X 1959 ND University of Mary is a private institution of higher education offering graduate and undergraduate degrees. 31 29 1154 28 2441 -18540 2407149 4295755 41370917 43171601 1132618 1870052 379255 674794 45289939 50012202 8376506 9156920 0 0 19619162 20838286 0 0 720442 13891128 16399390 41886796 46394596 3403143 3617606 104135162 116855601 10609887 17868740 93525275 98986861 X Serving the needs of the region...the University of Mary exists to serve the religious, academic, and cultural needs of people in this region. It takes its tone from the commitment of the Sisters of Annunciation Monastery. These sisters founded the University and continue to sponsor it today. 0 0 19005329 39268682 Academic Divisions - This area contains the curriculum and related expenses for all divisions of the college, including both post-secondary education and graduate programs. University of Mary serves approximately 4,255 students and has 470 faculty members. They have four schools with more than 40 degree programs. In addition, there are nine graduate degree programs. They average a placement rate of approximately 98 percent overall for their graduates. 8987333 8987333 Student Aid & Expenses - University of Mary offers various types of financial assistance to students including federal, state, and private programs as well as other forms of student aid and work programs. During the current year, 2,848 students received some type of academic student aid and 223 students received athletic student aid. In addition, nine international students received student aid as well. 4185130 2147847 Auxiliary Activities - Auxiliary activities includes all student housing and food services including the cost of residence halls, student apartments, and student transportation service. The University of Mary also has a university store, cafeterias, snack bar and coffee shop. 11124446 169587 2427324 Educational Plant Operations, Financial Affairs, General Institutional, Public Affairs, Enrollment Services, and all other services including General Administration, Academic Affairs, Student Development, and Student Senate. 11124446 169587 2427324 43302238 1 1 0 0 0 1 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 122 0 1 1154 1 1 1 0 0 0 0 1 1 1 3 0 0 0 X 31 29 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X Elizabeth Condic 7013558303 7500 University Dr Bismarck ND 58504 X Martin White 1.00 0.00 X X 0 0 0 Sister Nancy Miller 1.00 40.00 X X 0 0 0 Dr Ray Gruby 1.00 0.00 X X 0 0 0 Sister Patricia Schap 1.00 0.00 X X 0 0 0 A Kirk Lanterman 1.00 0.00 X 0 0 0 Abbot Brian Wangler 1.00 0.00 X 0 0 0 Bill Clairmont 1.00 0.00 X 0 0 0 Cheryl Kulas 1.00 0.00 X 0 0 0 Craig Larson 1.00 0.00 X 0 0 0 Dan Butler 1.00 0.00 X 0 0 0 Bill Daniel 1.00 0.00 X 0 0 0 Dr Harold J Miller 40.00 0.00 X 159567 0 21716 Julie Liffrig Fedorchak 1.00 0.00 X 0 0 0 Father Al Bitz 1.00 0.00 X 0 0 0 George Ehlis 1.00 0.00 X 0 0 0 Joe Hauer 1.00 0.00 X 0 0 0 John Simmons 1.00 0.00 X 0 0 0 Kevin Cramer 1.00 0.00 X 0 0 0 Leon Comeau 1.00 0.00 X 0 0 0 Mike Hofer 1.00 0.00 X 0 0 0 Niles Hushka 1.00 0.00 X 0 0 0 Sister Agatha Muggli 1.00 0.00 X 0 0 0 Sister Joann Krebsbach 1.00 0.00 X 0 0 0 Sister Rebecca Mayer 1.00 0.00 X 0 0 0 Sister Susan Lardy 1.00 0.00 X 0 0 0 Terry Zeltinger 1.00 0.00 X 0 0 0 Kathleen Gaddie 1.00 0.00 X 0 0 0 Tim Hennessy 1.00 0.00 X 0 0 0 Troy Nelson 1.00 0.00 X 0 0 0 Michael Keating 1.00 0.00 X 0 0 0 Monsignor James P Shea 40.00 0.00 X X 117557 0 12777 Brent Winiger July 40.00 0.00 X 65123 0 8049 Tom Maher July-February 40.00 0.00 X 0 0 0 Elizabeth Condic December-June 40.00 0.00 X 0 0 0 Neal Kalberer 40.00 0.00 X 112174 0 9340 Dr Shanda Traiser 40.00 0.00 X 104453 0 12085 Diane Fladeland 40.00 0.00 X 106812 0 8425 665686 0 72392 5 0 1 0 Bakken Contracting Co LLC 700 S 7th Street Fargo ND 58103 General Contractor 3222264 Compass Group USA Inc 91337 Collections Dr Chicago IL 606931337 Food Service Vendor 2068293 Dynamic Campus Solutions 2806 Flintrock Trace Suite A205 Austin TX 78738 IT Services 1358648 Hotchalk Inc 1999 S Bascom Ave Ste 1020 Campbell CA 950082206 Online Education 869610 Capital Electric Coop PO BOX 730 Bismarck ND 585020730 Electrical Services 645869 22 4295755 787012 4295755 Student Tuition/Fees 611600 39268682 39268682 Auxiliary Enterprises 611600 2147847 2147847 Other 611600 1755072 1755072 43171601 1066834 1066834 8552031 132949 7765225 116537 786806 16412 803218 803218 2038690 1366438 672252 672252 Dakota Upreit K-1 900099 2324 2223 101 Starion Bancorporation K-1 900099 218 218 2542 50012202 43843853 2441 1870153 169587 169587 8987333 8987333 421645 199430 222215 45613 45613 15991742 15477294 197654 316794 862583 823361 22419 16803 2314720 1791616 486540 36564 1201983 1130831 48074 23078 172729 9502 163227 3198700 3005682 193018 949050 797447 109632 41971 1592203 1197316 331870 63017 571946 571946 1721332 1671650 49682 759102 756898 2204 589703 566154 23549 192053 190866 1187 1771369 1434868 336501 32973 32973 Activities Expense 1684227 1536776 147451 Repairs & Maintenance 1226906 1226243 663 Pledge Rec Allow/Disc 814029 814029 Foreign Campus Expenses 575628 575628 547440 488625 58815 46394596 43302238 2371916 720442 659480 3457760 5081735 351550 3666219 3934208 743145 682778 53047 40327 407445 399815 263873 194072 78806136 28522073 46157212 50284063 42844665 52921893 2835341 3189530 1423000 1399605 104135162 116855601 1896591 3528745 206923 168083 647307 501294 1736234 7247027 385678 423523 5737154 6000068 10609887 17868740 X 62626394 64409677 10719527 10535092 20179354 24042092 93525275 98986861 104135162 116855601 X 3617606 1848543 18556 -23119 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 53867 1055355 1 1 32977 X X 0 0 1 X 34378457 965426 1940558 407165 437173 36440103 34181341 765303 248771 546655 270303 34378457 30282576 626898 4085053 813186 34181341 26619833 1288956 3116585 742798 30282576 31831314 524605 -4049832 660482 1025772 26619833 0.29270 0.65960 0.04770 0 0 431493 431493 59691774 17044054 42647720 9894215 7162303 2731912 2469345 6319309 4315716 4472938 50284063 Annuities Payable 2269797 Government Grants Refundable 2233151 Unitrust Payments Due Grantors 1497120 6000068 X 52408591 1848543 18556 -834606 1032493 51376098 -1363896 -1363896 50012202 46947005 1366438 1366438 45580567 814029 814029 46394596 Part III, Line 4: All gifts are subject to prior review and approval by the board. Gifts received help to further higher education by serving academic, religious, and cultural needs of the students. Part IV, Line 2b: University of Mary chartered clubs, student academic associations, and approved faculty and staff associations have established university agency accounts. Description of Intended Use of Endowment Funds: Part V, Line 4: Permanently Restricted and Board Restricted Endowments - Income from these funds is used to help further the exempt purpose of the university. Loan Fund Endowments - Used to loan students money on a short term basis until financial aid comes through. Typically, the loans are only outstanding for a week or so. Family Fund Endowments - To benefit various non-profit organizations specified by the donor including the university. The endowment beginning of year balances have all been restated by $3,143,623 as per the financial statements to appropriately classify all annuities and trusts as temporarily and permanently restricted assests based on GAAP. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The University is a nonprofit organization and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(c)(3). The University is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the entities are subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The University has deteremined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The University believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entities would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. The University is a nonprofit organization that is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). While preparing the Form 990, it was discovered the University would have a Form 990-T filing requirement and as a result is filing a 990-T for the year ending June 30, 2013. Part XI, Line 2d - Other Adjustments: Actuarial Gains - Unitrust 132,961. Actuarial Losses - Annuities -153,538. Pledge Rec Allow/Disc Recorded in Revenues for Financials -814,029. Part XI, Line 4b - Other Adjustments: Cost of Sales Expense Recorded in Revenues for Tax Return -1,366,438. Tax Income: Starion Bancorporation 218. Tax Income: Dakota Upreit 2,324. Part XII, Line 2d - Other Adjustments: Cost of Sales Expense Recorded in Revenues for Tax Return 1,366,438. Part XII, Line 4b - Other Adjustments: Pledge Rec Allow/Disc Recorded in Revenues for Financials 814,029. Schedule D, Part I: See Schedule I for additional information. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The University does routinely publicize its policy through newspaper including job opening advertisements. The University does make the policy accessible to the public through its website. The University does not routinely publicize its policy through broadcast media currenlty, but it plans to in the future. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University receives Title IV funds and trio funds and administers the use of those funds. Explanation of Racial Nondiscrimination Compliance Schedule E, Part I, Line 7 4.03 - The University does not publicize its policy through newspaper or broadcast media. 1 EUROPE 1 5 Foreign University Campus University Studies 708000 1 5 0 0 1 5 708000 0 708000 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Accrual Basis Accounting 1 Bishop Ryan High School 316 11TH Ave NW Minot ND 58703 450259466 501(c)(3) 8080 General Operating Minot State University 500 University Ave NW Minot ND 58703 456002481 Government 8080 General Operating FOCUS PO Box 33656 Denver CO 80233 841522811 501(c)(3) 33750 General Operating Pontifical North America College 3211 4th Street NE Washington DC 20017 237201921 501(c)(3) 5000 General Operating Diocese of Phoenix 400 E Monroe St Phoenix AZ 85004 860223974 501(c)(3) 5875 General Operating Bismarck Mandan Chamber Foundation 1640 Burnt Boat Drive Bismarck ND 58501 263807225 501(c)(3) 80000 General Operating 6 0 Volleyball 15 149098 Women's Tennis 10 29000 Women's Softball 12 101100 Football 59 476900 Wrestling 12 62250 Men's Basketball 11 186342 Women's Basketball 14 197364 Men's Track 16 96000 Women's Track 27 198215 Baseball 17 78975 Men's Soccer 13 120512 Women's Soccer 17 147300 Fifth Year 7 25000 Music 64 101725 Nursing Tuition Grant 231 419823 National Guard Waiver 38 38226 Military Scholarhips 103 326420 Veteran's Yellow Ribbon 3 4591 Presidential 1151 4165897 Catholic Scholars 67 315280 Honors Day 44 248460 Catholic Educators 7 7381 SSS Merit Scholarhip 102 36774 Pacesetter Grant 142 149210 ELA 177 75000 Phi Theta Kappa 39 176000 Freedom Plan 137 612031 SSS Book Grant 129 7957 CIC - T&P 1 13600 Donated Scholarhips 5 19500 Business Tuition Grant 31 26914 UM Need-based Grant 122 155431 Student Teacher Training/Ecclesia 25 29823 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University is contributing funds to charitable oganizations in accordance with endowment agreements that govern the distribution of the underlying funds. The University also verifies that the grants given to the charitable organization are for the benefit of individual students for scholarships. Student awards, grants and loans are awarded on basis of need. Scholarships are awarded based upon need and academic or special achievements. X X 0 1 X X 0 0 0 0 0 0 0 0 0 Dr Harold J Miller 159003 0 0 0 564 0 13387 0 8737 0 181691 0 0 0 Part I, Line 1a The President is required to live in the President's House on campus. The President and Chairman Emeritus (who is also the former president) both receive various minor personal services for convenience such as automotive maintenance or minor housekeeping. A guest house on campus is typically used for housing transitional employees who are new to the university. Part I, Line 1b In 2009, the Board of Trustees voted that it was in the interests and convenience of the University to maintain president's housing on campus and therefore established a residence for the president. A Morton County North Dakota 456002226 2011-08-15 7500000 Campus-wide energy saving building improvements & campus renovations 0 0 0 A 7500000 35000 7465000 2013 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Morton County, North Dakota Date the Rebate Computation was Performed: 06/30/2013 Samuel Condic Husband of Elizabeth Condic, Treasurer of Board 45613 Compensation 0 X 2 25191 Appraisal X 1 781512 Appraisal X Peas - 550 bushels 1 5500 FMV 3 0 1 0 Non Reporting of Revenue: Part I, Line 33: Starion Bancorporation stock was received in satisfaction of a pledge made in prior years. Since the pledge was reported in a prior year, this stock donation is not included in the Statement of Revenue or Schedule B. Form 990, Part VI, Section A, line 1 The President of the University shall be an ex officio member of the Board of Trustees. The President shall not vote on matters concerning or related to 1) the appointment of a successor, 2) the President's compensation, or 3) matters affecting the President's own interest, in accordance with Article X, Section 2, of the University's Bylaws. The President shall cease to be a trustee when no longer holding that position. Form 990, Part VI, Section A, line 1 Standing Committees: The corporation shall establish and maintain as standing committees a Trusteeship Committee and an Executive Committee. A. Trusteeship Committee: The Trusteeship Committee shall be appointed annually by the President of the Board (prioress). The committee shall consist of four (4) trustees, which includes the president of the university as an ex-officio member of the committee. Such trusteeship committee shall recommend to the corporate membership names and qualifications for consideration to fill any positions on the board of trustees. After approval by the corporate membership, the trusteeship committee submits to the board of trustees nominees for election to the board. In addition, the committee shall recommend to the board a slate of candidates for chair, vice chair, and secretary. A majority vote of the total board of trustees currently serving is required for election of a trustee or an officer. The committee shall develop and administer a program of orientation for newly appointed trustees. B. Executive Committee: The chair of the board of trustees, in consultation with the president of the board (prioress), the president of the university, and other trustees shall appoint the executive committee at the annual meeting. The executive committee shall consist of nine (9) trustees, to include the chair of the board, the president of the board (prioress), four additional members of the corporation and three additional trustees. Serving as the principal liaison to the board of trustees, the president of the university shall be present ex officio without a vote and not to be counted for a quorum. A quorum of the executive committee is a majority of the trustees serving on the executive committee. To constitute a valid quorum, the quorum must include four (4) members of the corporation. A quorum of the executive committee is required to transact business. If a quorum is not present at a meeting, a majority of those present may adjourn the meeting without further notice. The executive committee shall meet as often as necessary to conduct its business as determined by the chair and the president of the university. There shall be at least two (2) regular meetings of the executive committee annually. In collaboration with the president of the university, the duties of the executive committee shall include the following: -Making decisions that have been delegated by the full board -Taking action on emergency matters which cannot or should not be deferred to the board's next scheduled meeting -Performing initial assessment of the President of the University annually -Performing such duties as described in its statement of operation The Executive Committee shall act on behalf of the board between meetings except on the following matters: -Selection and appointment of the President of the University -Selection of trustees and officers -Adoption of the annual budget -Conferral of degrees -Exercise of those powers reserved by the members of the corporation as provided in Article V. Section 3 of the University's bylaws Other Committees: After consultation and recommendation of the Board of Trustees, the Chair of the Board of Trustees shall designate and appoint committees to facilitate the actions of the Board of Trustees, enabling it to function more efficiently and effectively. Each committee shall have, subject to the approval of the Board of Trustees, a statement of operation prescribing the purposes, goals and responsibilities of the committee. Other committees that currently exist are: -Investment Committee -Finance Committee -Enrollment Services Committee -Academic Affairs and Student Life Committee Form 990, Part VI, Section A, line 2 Family and Business Relationships - 1. Board Members George Ehlis and Joe Hauer have a business relationship. 2. Board Members Bill Clairmont and John Simmons have a business relationship. Form 990, Part VI, Section A, line 3 The Organization had a management agreement with The Registry from July to December of 2012 for the services of the Interim V.P. of Financial Affairs. Tom Maher, Interim V.P. of Financial Affairs, was compensated by The Registry during his term of service. The Organization paid The Registry $67,513 for these services. Form 990, Part VI, Section A, line 6 Members - Membership of the corporation shall consist of those sisters serving in the sponsorship group as established from time to time by the monastic community known as the Benedictine Sisters of the Annunciation, BMV, who have made their perpetual monastic profession. Form 990, Part VI, Section A, line 7a Powers shared with Board of Trustees - The following reserved powers shall be exercised by the members of the corporation and the board of trustees. The power of the board to act on any of these matters is subject to the requirement that the members of the corporation shall approve such action prior to the submission of the matter to a vote of the board of trustees. A. To approve any person to be elected to serve on the board of trustees or to remove any trustee if this action is indicated. B. To approve a new candidate appointed to serve as president of the university. Form 990, Part VI, Section A, line 7b Powers Reserved to Corporation Members - Exercise of the following powers shall be reserved solely to corporation members to: A. Approve any change in the sponsorship, reserved powers or mission of the university as an institution founded on christian, catholic, and benedictine tradition. B. Approve the sale or encumbrance of all or substantially all of the assets or property of the corporation. C. Approve the merger, liquidation or dissolution of the corporation. D. Amend, alter or repeal the articles of incorporation or the bylaws of the corporation. E. Change the name of the corporation. Form 990, Part VI, Section B, line 11 Upon receipt of the draft Form 990, the organization will review the 990 and provide a public disclosure copy to the board for review. The board comments are provided to the organization and any resulting changes are included in the final Form 990. Form 990, Part VI, Section B, line 12c The board of directors completes a conflict of interest questionnaire each year. No member, trustee, officers or committee member shall be disqualified from holding any position by reason of any interest, but any conflict of interest must be disclosed to the board of trustees at the earliest practical time. A member, trustee, officer or committee member shall be considered to have a conflict of interest if such person (a) has an existing or potential financial or other interest which impairs or might reasonably appear to impair such person's independent unbiased judgment in the discharge of responsibilities to the corporation, or (b) is aware that an immediate family member or any organization in which such person, or an immediate family member, is an officer, director, employee, member, partner, trustee, or controlling stockholder has such existing or potential financial interests. A trustee does not have a conflict of interest in acting on a resolution fixing the compensation of any trustee, officer, employee, or agent of the corporation. No member, trustee or committee member shall vote on any matter under consideration in which such person has a conflict of interest, and shall not be counted as a part of the quorum for the vote on the matter. The minutes of such meeting shall reflect that a disclosure was made and that the person abstained from voting. Any member, trustee or committee member who is uncertain whether there is a conflict of interest in any matter may request the membership, the board or committee to determine whether a conflict of interest exists and resolve the question by majority vote. Form 990, Part VI, Section B, line 15a The president's salary is reviewed annually by the independent board. The University uses the Jaffe Salary Survey as well as CUPA Salary Reports (College and University Professional Association) to obtain comparable data from other midwestern universities. The information is documented in a letter noting that the board has accepted and approved the salary change. The top financial official's salary is currently reviewed and approved by the president annually. The same Jaffe Salary Survey and CUPA Salary Report is used for comparable data. The percentage increase is documented in an employment contract, but not in the board meeting minutes. Form 990, Part VI, Section C, line 19 The University provides its governing documents, conflict of interest policy and financial statements upon specific request. Part VII: The President, Monsignor James P. Shea, is required to live in a residence at the campus. The Board of Trustees, with his understanding and approval, has set his salary below market because he is a cleric. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Actuarial Gains - Unitrust 132,961. Actuarial Losses - Annuities -153,538. Tax Income: Starion Bancorporation -218. Tax Income: Dakota Upreit -2,324. Benedictine Sisters of the Annunciation BMV 7520 University Drive Bismarck ND 58504 450261530 Religious Purposes ND 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 Benedictine Sisters of the Annunciation BMV Q 469871