2013-04-11T11:29:52-05:00 2012-05-31 450250958 EIDE BAILLY LLP 24 2ND AVE SW PO BOX 430 ABERDEEN SD 574020430 990 2011-06-01 460280847 Presentation College PRES 6052298451 1500 North Main Street Aberdeen SD 57401 Margaret Huber 6052298451 2013-04-10 1 Melissa White CPA P00851284 6052258783 2013-04-10 2011 2016-03-07 17:11:31Z Margaret Huber 1500 North Main Street Aberdeen SD 57401 17304035 0 0928 X www.presentation.edu X 1951 SD Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. 16 16 280 30 0 0 3184825 2604627 8234327 9542277 380504 575830 42304 44742 11841960 12767476 2734363 1564394 0 0 6423268 6417255 0 0 474862 3167494 3792622 12325125 11774271 -483165 993205 25129639 25791543 6259679 6251988 18869960 19539555 Welcoming people of all faiths, Presentation College challenges learners toward academic excellence and, in the Catholic tradition, the development of the whole person. 0 0 8800757 8810628 Provided educational services at locations in Aberdeen, SD, Eagle Butte, SD, Fairmont, MN, Sioux Falls, SD and online to 444 full time and 287 part time students in Fall 2011 and 406 full time and 265 part time students in Spring 2012 as well as provided education to approximately 333 students through summer sessions in 2011. 1564394 1564394 Restricted expenditures - Federal, State and Private Student Aid 470967 761741 Auxiliary enterprises - campus housing, food service, bookstore, and Strode facility 10836118 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 30 0 1 280 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 MN X Cathy Hall 6052298453 1500 N Main St Aberdeen SD 57401 Stacy Levsen 2.00 X X 0 0 0 Julie Johnson 2.00 X X 0 0 0 Larry Wirebaugh 2.00 X 0 0 0 Tom Appletoft 2.00 X 0 0 0 Sr Joan Marie Brandner PBVM 2.00 X 0 0 0 Sr Francene Evans PBVM 2.00 X 0 0 0 Sr Ruth Geraets PBVM 2.00 X 0 0 0 Sr Annrita Johnson PBVM 2.00 X 0 0 0 Kyle Kary 2.00 X 0 0 0 Joseph Kurtzman 2.00 X 0 0 0 John Lemke 2.00 X 0 0 0 Deacon Peter Mehlhaff 2.00 X 0 0 0 James Kuch 2.00 X 0 0 0 Sr Patricia Prunty PBVM 2.00 X 0 0 0 Esther Preszler 2.00 X 0 0 0 Michael Duch 2.00 X 0 0 0 Dr Margaret Huber 40.00 X 0 0 0 Cathy Hall 40.00 X 76853 0 23172 JoEllen Friederichsen 40.00 X 79265 0 20707 Bob Schuchardt 40.00 X 65355 0 13341 Lori Harmel 40.00 X 40975 0 21153 Dr Michelle Metzinger 40.00 X 75233 0 21976 337681 0 100349 0 0 0 0 0 20798 1530637 1053192 2604627 Student Tuition/Fees 611600 8608301 8608301 Auxiliary Enterprises 611710 731649 731649 202327 202327 9542277 368166 368166 4220 0 4220 4220 4220 4246597 135452 4137261 37124 109336 98328 207664 207664 32433 20798 22003 10430 10430 370263 340171 30092 30092 12767476 9572369 0 590480 1564394 1564394 580253 386087 117122 77044 4499742 4194790 131238 173714 144658 130606 9434 4618 958142 857831 62126 38185 234460 201941 16741 15778 14897 3724 5959 5214 34525 34525 2088 522 835 731 352678 309224 23569 19885 186316 171187 15129 1078117 986115 52554 39448 178463 178463 501697 501697 293085 283091 1660 8334 75046 70448 1145 3453 197479 193290 4189 522674 522674 80023 79923 100 Bad Debt Expense 59256 59256 Orientation 51275 51275 Direct Student Expense 28798 28798 Commencement 14508 14508 121697 46274 2094 73329 11774271 10836118 463291 474862 2545809 13959 729717 2156880 349215 329817 94389 76934 141689 192279 17689951 9729458 6550374 7960493 13218127 13745639 5000 5000 1433848 1252625 61471 57917 25129639 25791543 757844 569456 386416 274193 4235060 4068310 58903 114484 75251 463759 746205 761786 6259679 6251988 X 8119327 7651959 3173720 4250700 7576913 7636896 18869960 19539555 25129639 25791543 X 993205 -323610 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2088 0 0 0 2088 0 Explanation of Lobbying Activities: Part II-B, Line 1: Shared costs of paid lobbyist through SD Federation of Independent Colleges for lobbying at state of South Dakota level for scholarship programs benefitting private colleges. 0 1 9679588 59983 266225 241275 78000 9686521 8819079 103728 1020356 263575 9679588 7916805 151734 1014070 263530 8819079 8686540 358505 -862075 266165 7916805 0.00000 0.78840 0.21160 0 0 41868 41868 11342312 6038205 5304107 5601093 3691253 1909840 704678 704678 7960493 Federal Student Loans 533856 Annuities Payable 179200 Due To Presentation Convent 48730 761786 12767476 11774271 993205 -307404 -16206 -323610 669595 11159524 -307404 -1564394 -1871798 13031322 -263846 -263846 12767476 10473723 263846 263846 10209877 1564394 1564394 11774271 Part IV, Line 2b: The College maintains student suite deposits as well as agency accounts for various student organizations and college chartered clubs. Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment funds are used for institutional scholarships and grants and support of college programs. Description of Uncertain Tax Positions Under FIN 48: Part X: The College is a nonprofit organization that is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). In accordance with the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes), the College will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The College is no longer subject to Federal tax examinations by tax authorities for the years before 2008 and state examinations for years before 2008. Part XI, Line 8 - Other Adjustments: Transfer within Net Assets - Annuity Payments -20,808. Change in Split-Interest Agreements 4,602. Total to Schedule D, Part XI, Line 8: -16,206. Part XII, Line 2d - Other Adjustments: Funded and unfunded scholarhips and grants -1,564,394. Part XII, Line 4b - Other Adjustments: Special events direct expenses -340,171. Cost of sales expense recorded in revenue -22,003. Gain on disposal of assets 98,328. Part XIII, Line 2d - Other Adjustments: Cost of sales expense recorded in revenue 340,171. Special events direct expenses 22,003. Gain on disposal of assets -98,328. Part XIII, Line 4b - Other Adjustments: Funded and unfunded scholarhips and grants 1,564,394. 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 Publicized in newspapers, college catalogs, and website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Financial aid is received by the College from the US Department of Education and US Department of Health and Human Services based on students' eligibility for grants or loans. The College also receives an administrative cost allowance from the US Department of Education for the College's participation in the Pell, SEOG, and Workstudy programs. Lift-a-thon 15016 15016 250 4336 Mardi Gras 24739 14749 9990 5020 575 4395 1 13476 6049 7427 5201 1500 726 53231 20798 32433 10471 2075 9457 22003 10430 1 Scholarships and Grants for academic merit, financial need, and housing 453 1564394 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The scholarships and grants are awarded to students to be used for educational expenses at the College including tuition, fees, and books. The awards are allocated directly to each student's account. City of Aberdeen 466000010 003252BJ1 2010-04-30 4401540 Refund the August 3, 1999 Issue 0 0 0 340000 4401540 376250 88031 3937259 2010 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Form 990, Part VI, Section A, line 6 Members of the College are the general officers of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota as defined by the College's Articles of Incorporation. Form 990, Part VI, Section A, line 7a More than one-half of the board of trustees shall be members (and/or appointed representatives of members) of the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. Form 990, Part VI, Section A, line 7b The following board of trustee decisions are subject to the Congregation of the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, SD corporate board approval: - Selection, appointment, or removal of the College President - Changes or adoption of a statement of mission, purpose or philosophy of Presentation College. - Amendment to the Articles of Incorporation or Bylaws - to establish or delete a department or educational program - to establish or change unbudgeted monetary personnel policies and wage administration and benefit programs - plans for raising additional funds from sources outside the operating income. - grant application approval - expenditures exceeding $10,000 or an aggregate total of $25,000 or more, not including the annual budget - approval of consultants over $5,000 - unbudgeted contractual agreements to purchased services over $5,000 - structural changes in and expansion of the physical plant and construction of new buildings - acquisitions, transfers, encumbrances or alienations of property - describe and set forth the authority delegated to the college president - creation or dissolution of all subsidiary organizations of the Board of Trustees, including all governing documents Form 990, Part VI, Section B, line 11 Upon receipt of the completed return, the CFO reviews the return with the President. Copies are also forwarded to all members of the Finance & Investment Committee of the Board of Trustees for review. The CFO reviews the tax return with them at the first meeting following completion of the return. Form 990, Part VI, Section B, line 12c The board members are required to disclose at every board meeting any conflicts. A statement is handed out prior to each board meeting and must complete with any elements that could be a potential conflict of interest. This becomes part of the permanent board proceeding record. Form 990, Part VI, Section B, line 15 President - Comparison with regional salaries of similar college presidents and based on performance. Performance review is done annually. For the College administrators, including the CFO, salaries are determined by the President based on market comparables for institutions of similar size and nature. Salaries are part of the budget, which is approved by the board of trustees. Market comparisons are performed annually. Form 990, Part VI, Section C, line 19 These documents are not available to the general public. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -307,404. Transfer within Net Assets - Annuity Payments -20,808. Change in Split-Interest Agreements 4,602. Total to Form 990, Part XI, Line 5: -323,610. Sisters of the Presentation of Blessed Virgin Mary 1500 N 2nd street Aberdeen SD 57401 460253283 Sisters of the PBVM is the College's sponsor organization SD 501(c)(3) 1 N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0