2014-05-13T07:19:52-05:00 2013-06-30 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2012-07-01 460283336 MOUNT MARTY COLLEGE MOUN 6056681514 1105 WEST 8TH STREET YANKTON SD 57078 DR JOSEPH BENOIT 6056681514 2014-05-09 1 LAURIE HANSON P00851848 6053391999 2014-05-09 2012 2015-11-30 17:44:51Z DR JOSEPH BENOIT 1105 WEST 8TH STREET YANKTON SD 57078 32515697 0 X WWW.MTMC.EDU X 1936 SD THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 28 28 566 40 0 0 1766607 2311882 13508129 13924231 301037 1267726 1243259 1355033 16819032 18858872 4603695 4659488 0 0 7665860 8230205 0 0 257 4633997 5015324 16903552 17905017 -84520 953855 31973813 34001652 4590480 4869004 27383333 29132648 MOUNT MARTY COLLEGE, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING. 0 0 16891280 4659488 15277270 PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,178 STUDENTS. 16891280 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 70 0 1 566 1 0 0 0 0 0 1 1 0 0 0 1 0 X 28 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X TABITHA LIKNESS 6056684032 1105 WEST 8TH STREET YANKTON SD 57078 JEAN REED 2.50 X X 0 0 0 HON TOM HARMON 2.50 X X 0 0 0 SR CLARICE KORGER 2.50 X X 0 0 0 MICHAEL HEALY 2.50 X X 0 0 0 SR PENNY BINGHAM 1.30 X 0 0 0 FR JAMES BREAM 1.30 X 0 0 0 SR MILDRED BUSCH 1.30 X 0 0 0 DR WILLIAM CAHOY 1.30 X 0 0 0 MS JP DUNIPHAN 1.30 X 0 0 0 MR CHAD EKROTH 1.30 X 0 0 0 SR RAMONA FALLON 1.30 X 0 0 0 SR JOYCE FETERL 1.30 X 0 0 0 DR RICHARD FOSTER 1.30 X 0 0 0 PEGGY FRANK 1.30 X 0 0 0 SR LOUISE MARIE GOETTERTZ 1.30 X 0 0 0 ARLENE HEINE 1.30 X 0 0 0 KITTY HIGGINS 1.30 X 0 0 0 DR AL KURTENBACH 1.30 X 0 0 0 GERRY LIKNESS 1.30 X 0 0 0 SR NORMA NORTON 1.30 X 0 0 0 DCN JOHN OSNES PHD 1.30 X 0 0 0 STEVE SLOWEY 1.30 X 0 0 0 GAYLE SMALL 1.30 X 0 0 0 DAN SPECHT 1.30 X 0 0 0 SCOTT SWIER 1.30 X 0 0 0 PATRICK WIESELER 1.30 X 0 0 0 JAMES WINTZ 1.30 X 0 0 0 JEFF WOLFGRAM 1.30 X 0 0 0 DR JOSEPH BENOIT 60.00 X 165100 0 24206 DAISY HALVORSON 40.00 X 75764 0 34544 GINGER MOELLER 40.00 X 0 0 0 ALFRED LUPIEN 40.00 X 137874 0 6894 LARRY DAHLEN 40.00 X 128040 0 18070 MARY KROGH 40.00 X 147590 0 13471 654368 0 97185 4 0 1 0 ARAMARK 1105 WEST 8TH STREET YANKTON SD 57078 FOOD SERVICE 499214 A'VIANDS NW 5704 MINNEAPOLIS MN 554855704 FOOD SERVICE 379990 CAE HEALTHCARE 6300 EDGELAKE DR SARASOTA FL 34240 HEALTHCARE EDUCATION 221686 HIGH PLAINS TECHNOLOGY 5708 S REMINGTON PL SIOUX FALLS SD 57108 IT SOFTWARE/MAINTENANCE 150052 ELLUCIAN 62814 COLLECTIONS CENTER DR CHICAGO IL 60603 IT SOFTWARE/MAINTENANCE 142252 7 23356 440820 1847706 90011 2311882 TUITION & FEES 611710 13718087 13718087 206144 206144 13924231 467916 467916 17649 0 17649 17649 17649 13126895 1210 12242251 86044 884644 -84834 799810 799810 11544 23356 8340 3204 3204 2654370 1320190 1334180 1334180 18858872 15276060 0 1270930 4659488 4659488 261764 261764 6654702 6408420 246025 257 223336 214171 9165 588628 585757 2871 501775 467049 34726 137191 60760 76431 14636 14636 60105 60105 134654 134654 212087 212087 199899 199899 453248 339936 113312 152117 152117 38657 38657 1076744 807558 269186 INSTITUTIONAL SUPPORT 1109765 1109765 SUPPLIES 742500 742500 EQUIPMENT RENTAL & MAIN 516719 516719 STUDENT LIFE 167002 167002 17905017 16891280 1013480 257 4041045 2962231 598960 811367 1609201 1442191 57770 66676 359936 354682 24524748 13937026 10887715 10587722 14419186 17776783 31973813 34001652 878198 1038695 883102 1022293 983438 710494 18000 237032 1827742 1860490 4590480 4869004 X 12944424 14069069 1182611 1386582 13256298 13676997 27383333 29132648 31973813 34001652 X 953855 856460 -61000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14975505 420699 2108898 367545 126071 17011486 15323682 385404 -243768 400000 89813 14975505 12931375 357663 2531443 400000 96799 15323682 11920576 242705 1425501 550000 107409 12931375 14496722 186012 -2742976 43764 62944 11920576 0.19900 0.80100 0 0 936522 936522 17958840 10219435 7739405 4025248 2820119 1205129 1604138 897472 706666 10587722 DEPOSITS PAYABLE 143820 CHARITABLE REMAINDER UNITRUST 237034 REFUNDABLE U.S. GOVERNMENT ADVANCES 1479636 1860490 X 16323374 856460 1328530 2184990 14138384 4720488 4720488 18858872 14574059 1328530 1328530 13245529 4659488 4659488 17905017 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INSTITUTION USES GROWTH FROM THE ENDOWMENT FUNDS ACCORDING TO THE DONORS WISHES. THE AMOUNT OF GROWTH SPENT IS DETERMINED ACCORDING TO THE COLLEGES INVESTMENT POLICY. THE POLICY STATES THAT THE DISTRIBUTIONS MAY BE MADE UP TO 4% OF THE AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT, CALCULATED OVER 12 ROLLING QUARTERS. CURRENT INTENDED USES ARE FUNDED NAMED SCHOLARSHIPS, CAPITAL EXPENDITURES, ENDOWED-CHAIRS, ENHANCING THE INSTITUTIONS MISSION, AND MAINTAINING INFRASTRUCTURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE 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 COLLEGE 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,320,190. SPECIAL EVENT EXPENSES 8,340. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,659,488. BOOK/TAX ADJUSTMENT - RECOGNITION ON NON-CASH DONATION VALUE 61,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED TO REVENUE ON FORM 990 1,320,190. SPECIAL EVENT EXPENSES 8,340. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP 4,659,488. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 COLLEGE CATALOG, NEWSPAPER, AND BROADCAST MEDIA EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID AND ASSISTANCE FROM GOVERNMENT AGENCIES THROUGH VARIOUS GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS ARE USED IN SUPPORT OF DIFFERENT PROGRAMS AT THE COLLEGE, SUCH AS SUPPLEMENTAL EDUCATION OPPORTUNITIES, WORK STUDY GRANTS, AND ADMINISTRATION OF SUCH PROGRAMS. MMC GOLF CLASSIC 34900 23356 11544 155 3068 2970 2147 34900 23356 11544 155 3068 2970 2147 8340 3204 1 SCHOLARSHIPS 407 2552286 BOOK VALUE STUDENT FAMILY DISCOUNTS 14 28420 BOOK VALUE RELIGIOUS DISCOUNTS 3 12180 BOOK VALUE TALENT AWARDS 46 56725 BOOK VALUE ATHLETIC GRANTS 197 735512 BOOK VALUE NEED BASED GRANTS 331 836268 BOOK VALUE SPECIAL NEEDS 34 54020 BOOK VALUE ROTC 2 12780 BOOK VALUE FSEOG AND MOUNT MARTY COLLEGE MATCHING AMOUNT 148 133800 BOOK VALUE TEACHER 14 52980 BOOK VALUE SD EQUAL OPPORTUNITY SCHOLARSHIPS 49 54000 BOOK VALUE AMERICA READS 13 5432 BOOK VALUE AMERICA COUNTS 13 5542 BOOK VALUE CATHOLIC LEADERSHIP 94 64421 BOOK VALUE DAKOTA CORPS 3 24654 BOOK VALUE MISCELLANEOUS 1 30468 BOOK VALUE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE HAS A NUMBER OF FEDERAL AND STATE GRANTS. WITH THE ISSUANCE OF EACH AWARD A TEMPORARILY RESTRICTED ACCOUNT IS CREATED IN THE DATABASE. AWARD LETTERS ARE KEPT IN A SEPARATE FILE WITH THE PRIMARY CONTACT INFORMATION. IF THE GRANTEE DOES NOT HAVE ELIGIBILITY THE GRANT IS NOT AWARDED. IF THE ELIGIBILITY OF THE GRANTEE HAS CHANGED THE INSTITUTION RETURNS THE AWARDED FUNDS. THE GRANTS ARE BASED ON FAMILY INCOME CONTRIBUTIONS, AND/OR ACADEMIC STANDING, AND/OR ATHLETIC ABILITY, AND/OR INDIVIDUAL TALENT. X X X 0 0 0 0 0 0 0 0 0 DR JOSEPH BENOIT 165100 0 0 0 0 0 8750 0 15456 0 189306 0 0 0 MARY KROGH 147590 0 0 0 0 0 7341 0 6131 0 161062 0 0 0 X 500 COST, VALUE X 8546 COST, VALUE X 1 61000 FAIR MARKET VALUE X 16 4900 X EQUIPMENT 4 1910 COST, VALUE X MEETING EXPENSE 18 11485 COST, VALUE X HOTEL/TRAVEL DISCOUNTS 3 300 COST, VALUE X CONCERT ELECTRICAL 2 1370 COST, VALUE 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE INCLUDES THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, THE PRIORESS OR HER DESIGNEE, AND ADDITIONAL TRUSTEES SELECTED BY THE CHAIR. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE, AND SHALL NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS, EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD AND/OR THE MEMBERS: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; DETERMINING TENURE AWARDS; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES AND/OR THE MEMBERS. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND TERMS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION INCLUDE THE MONASTERY PRIORESS AND THOSE PERSONS SERVING AS MEMBERS OF THE MONASTERY COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A THE PRIORESS OF THE SPONSORING MONASTERY IS ALLOWED TO APPOINT A MINIMUM OF 5 MEMBERS TO THE BOARD AND ALL MEMBERS HAVE FINAL APPROVAL OF ALL TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE AUTHORITY OVER ACTIONS TO BE TAKEN BY THE COLLEGE AS FOLLOWS: (A) TO APPROVE THE STATEMENTS OF PHILOSOPHY, MISSION AND OBJECTIVES OF THE COLLEGE; (B) TO APPROVE AND ACT UPON THE SALE, LEASE, TRANSFER, EXCHANGE, DISPOSITION, PLEDGE OR ALIENATION OF REAL PROPERTY OR BUILDINGS AND/OR THE ACQUISITION OF DEBT, PURSUANT TO POLICIES ESTABLISHED BY THE MEMBERS; (C) TO APPOINT THE BOARD OF TRUSTEES OF THE COLLEGE AND TO REMOVE A TRUSTEE AT ANY TIME WITH OR WITHOUT CAUSE, AFTER SEEKING GUIDANCE FROM THE BOARD. PENDING A FINAL DECISION OF THE MEMBERS, THE BOARD OF TRUSTEES MAY SUSPEND A TRUSTEE BY A VOTE OF TWO-THIRDS OF THE REMAINING TRUSTEES; (D) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE COLLEGE; (E) TO AMEND THE BYLAWS OF THE COLLEGE; (F) TO OVERSEE THE COLLEGE'S FISCAL POLICIES AND TO ESTABLISH POLICIES GOVERNING THE COLLEGE'S FINANCIAL POSITION; (G) TO RECEIVE THE COLLEGE'S ANNUAL REPORT; (H) TO APPOINT AND REMOVE THE PRESIDENT OF THE COLLEGE, AFTER SEEKING GUIDANCE FROM THE BOARD OF TRUSTEES; (I) TO APPROVE AND/OR ACT UPON THE MERGER, CONSOLIDATION OR DISSOLUTION OF THE COLLEGE; AND (J) TO ADOPT POLICIES TO EFFECTUATE THE AUTHORITIES RESERVED TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE 990, AND A RECOMMENDATION IS MADE TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING CONFLICTS AND IMPOSING RESTRICTIONS ON TRUSTEES WHEN VOTING ON ISSUES THAT GIVE RISE TO CONFLICT. ALL TRUSTEES COMPLETE A DISCLOSURE ANNUALLY. DISCLOSURES ARE GIVEN TO ALL TRUSTEES IN THE FORM OF A REPORT. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF THE TRUSTEE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THAT A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY HAS FINANCIAL OR OTHER INTEREST THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE. IMMEDIATE FAMILY GENERALLY INCLUDES SPOUSE, PARENT OR STEP-PARENT, CHILD OR STEP-CHILD, SIBLING OR STEP-SIBLING, GRANDPARENT, AND GRANDCHILD. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT: A SURVEY PROCESS IS UNDERTAKEN BY THE BOARD OF TRUSTEES, USING GUIDESTAR.ORG TO DETERMINE APPROPRIATE LEVELS OF COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS PUT INTO PLACE. CFO: AN ANNUAL PERFORMANCE APPRAISAL IS DONE FOR THE CFO, AND A STANDARD PERCENTAGE INCREASE IS GIVEN BASED ON THE DECISION OF THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE IS THE SAME FOR THE CFO AS IT IS FOR ALL OTHER EMPLOYEES. A 3% AVERAGE COMPENSATION INCREASE WAS ALLOCATED FOR THE YEAR ENDED 6/30/13. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BOOK/TAX ADJUSTMENT - RECOGNITION ON NON-CASH DONATION VALUE -61,000. BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY 1005 W 8TH STREET YANKTON SD 570783389 460224541 RELIGIOUS ORDER SD 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1