2013-01-14T14:22:38-06:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-06-01 410695509 ST CATHERINE UNIVERSITY STCA 6516906566 2004 RANDOLPH AVENUE ST PAUL MN 551051794 THOMAS J ROONEY 6516906043 2013-01-10 1 KAREN GRIES P00078514 6123764500 2011 2016-02-25 16:41:14Z ANDREA J LEE IHM 2004 RANDOLPH AVENUE ST PAUL MN 551051794 172681824 0 0928 X WWW.STKATE.EDU X 1913 MN TO EDUCATE STUDENTS TO LEAD AND INFLUENCE. 28 25 2475 535 105178 0 10442055 9469836 95003527 98465766 9679027 3219804 822962 991831 115947571 112147237 23766488 24643417 0 0 52132788 55713212 16833 26828 2479113 29475107 30227295 105391216 110610752 10556355 1536485 227875262 223283458 82288286 82093062 145586976 141190396 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 70993354 24643417 87163433 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 2011-2012 ENROLLMENT ON BOTH CAMPUSES, IN ST. PAUL AND MINNEAPOLIS, IS OVER 5,200 STUDENTS - 95.2 PERCENT WOMEN AND 22.4 PERCENT MULTICULTURAL OR INTERNATIONAL. DURING THE 2011-2012 ACADEMIC YEAR, ST. CATHERINE UNIVERSITY AWARDED 44 UNDERGRADUATE CERTIFICATES, 233 ASSOCIATE DEGREES, 544 BACCALAUREATE DEGREES, 162 POST-BACCALAUREATE CERTIFICATES, 481 MASTER'S DEGREES, AND 39 DOCTORATE DEGREES. 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 14TH AMONG THE "REGIONAL UNIVERSITIES - MIDWEST" IN U.S. NEWS & WORLD REPORT'S "BEST COLLEGES" ISSUE IN 2012. THE UNIVERSITY WAS RANKED IN "ECONOMIC DIVERSITY AMONG TOP-RANKED SCHOOLS." 12253965 0 10771345 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 2011-2012 ACADEMIC YEAR, 78.1 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. 12633432 0 461110 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. 95880751 1 1 0 0 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 1 0 1 1 1 1 0 0 0 1 0 0 0 0 1 282 0 2475 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 25 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X X THOMAS J ROONEY 6516906043 2004 RANDOLPH AVENUE ST PAUL MN 55105 ANDREA J LEE IHM 40.00 X X 0 0 0 MARK CHRONISTER 2.00 X X 0 0 0 KAREN RAUENHORST 2.00 X X 0 0 0 JEAN WINCEK CSJ 2.00 X X 0 0 0 JOAN JIRIK MULLEN 2.00 X X 0 0 0 WILLIAM BRITT 2.00 X 0 0 0 BARBARA DREHER CSJ 2.00 X 0 0 0 THE MOST REVEREND HARRY J FLYNN 2.00 X 0 0 0 MARGARET FORD 2.00 X 0 0 0 MARGARET GILLESPIE CSJ 2.00 X 0 0 0 BRENDA GRANDSTRAND WOODSON 2.00 X 0 0 0 MARY HEINEN CSJ 2.00 X 0 0 0 MAGARET L KVASNICKA CSJ 2.00 X 0 0 0 JOAN MITCHELL CSJ 2.00 X 0 0 0 SUSAN SCHMID MORRISON 2.00 X 0 0 0 JEAN DELANEY NELSON 2.00 X 0 0 0 THE MOST REVEREND 2.00 X 0 0 0 MICHAEL O'BOYLE 2.00 X 0 0 0 COLLEEN O'MALLEY CSJ 2.00 X 0 0 0 DAVID PAGE 2.00 X 0 0 0 LOIS GROSS ROGERS 2.00 X 0 0 0 ANN BUCKINGHAM RYAN 2.00 X 0 0 0 JOHN SPILLANE JR 2.00 X 0 0 0 TERESA STERNS 2.00 X 0 0 0 LINDA THEIS THRASHER 2.00 X 0 0 0 SANDRA VARGAS 2.00 X 0 0 0 SUNNY BACH WICKA 2.00 X 0 0 0 DEBRA WILFONG 2.00 X 0 0 0 THOMAS J ROONEY 40.00 X 153570 0 20542 STACY SCHWARZE JACOBSON - EXECUTIVE 40.00 X 86877 0 21440 COLLEEN A HEGRANES 40.00 X 148964 0 24124 MARJORIE MATHISON HANCE 40.00 X 137004 0 17447 BRIAN BRUESS 40.00 X 137448 0 12008 PENOLOPE A MOYERS 40.00 X 124838 0 11557 NANCY HEITZEG 40.00 X 112272 0 6347 900973 0 113465 10 0 1 0 RYAN COMPANIES US INC 50 S 10TH ST STE 300 MINNEAPOLIS MN 55403 ARCHITECT ENGINEERING & CONSTRUCTION 2848275 SODEXHO MARRIOTT SERVICES 10 EARHART DRIVE WILLIAMSVILLE NY 14221 FOOD SERVICES MANAGEMENT 2804319 SANDRA NELSON ADVERTISING INC 126 NORTH THIRD STREET STE 500 MINNEAPOLIS MN 55401 ADVERTISING 742705 LOFFLER MANAGEMENT SOLUTIONS 1101 EAST 78TH STREET BLOOMINGTON MN 55420 PRINTING & MAILING MANAGEMENT 607589 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ADMISSIONS CONSULTANT 316689 17 12053 21270 1957019 7479494 1597206 9469836 TUITION 611600 87163433 87163433 AUXILIARY SERVICES 532000 10771345 10771345 FEES & DEPOSITS 611600 269026 269026 FINANCE FEES 611600 192084 192084 FITNESS CENTER 531390 69878 69878 98465766 2593654 2593654 270662 70007 200655 200655 35300 165355 61076676 60450526 626150 626150 626150 18770 12053 14054 4716 4716 MEDICAL FEES 611600 315759 315759 PARKING 611600 264983 264983 OTHER 900099 205718 205718 786460 112147237 98395888 105178 4176335 23905411 23905411 738006 738006 274052 274052 43849730 37598266 4847530 1403934 2313340 1847529 392690 73121 6257970 5682202 374994 200774 3018120 2407062 515137 95921 142762 39664 103098 91938 29212 62726 26828 26828 221923 16646 205277 7773828 7210561 537494 25773 1035023 683470 351553 7805352 6549486 948552 307314 752086 270529 480581 976 1893522 1689653 201612 2257 978996 797506 77371 104119 723303 327278 199705 196320 2418586 2249285 169301 3812603 2015873 1770018 26712 505962 149167 356795 MISCELLANEOUS EXPENSE 1162792 818915 329052 14825 BAD DEBT EXPENSE 673350 668653 4697 0 REPAIRS & MAINTENANCE 235269 186377 48653 239 110610752 95880751 12250888 2479113 8151815 6726423 4315973 3966518 1887621 1934770 431821 421631 896200 908320 129378593 52814006 75423505 76564587 121361428 117381853 5054031 4689246 8444012 8781254 1908856 1908856 227875262 223283458 11081619 12001324 7872679 7925376 278920 437383 48513146 47909395 13186644 12733878 1355278 1085706 82288286 82093062 X 77875915 76331391 34791730 30034510 32919331 34824495 145586976 141190396 227875262 223283458 X 1536485 -5933065 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54849188 1503124 -2263930 1067088 1087693 112573 51821028 44748508 1353611 10967562 1155282 937502 130707 54849188 37156443 1069732 8721998 1148915 931426 119324 44748508 47607745 804556 -8977846 1196801 967240 113971 37156443 0.06550 0.60400 0.33050 1 0 2230501 2230501 94901516 34994912 59906604 31939501 17819094 14120407 307075 307075 76564587 SPLIT INTEREST AGREEMENTS 431361 INTEREST RATE SWAP AGREEMENT 124477 FUNDS HELD FOR OTHERS 529868 1085706 112147237 110610752 1536485 -5868623 -64442 -5933065 -4396580 81231248 -5868623 -237163 -6105786 87337034 166786 24643417 24810203 112147237 85884610 84061 84061 85800549 166786 24643417 24810203 110610752 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, FACULTY DEVELOPMENT, AND APPROVED EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2012 AND 2011. FURTHER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY-FORWARD OF $328,659 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 2009 TO 2011 ARE SUBJECT TO REVIEW BY FEDERAL AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -212,854. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 256,782. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -108,370. TOTAL TO SCHEDULE D, PART XI, LINE 8: -64,442. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -212,854. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -108,370. RENTAL EXPENSES 70,007. SPECIAL EVENT EXPENSES 14,054. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 24,643,417. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 70,007. SPECIAL EVENT EXPENSES 14,054. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 24,643,417. 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 THE NON-DISCRIMINATION POLICY IS INCLUDED IN THE COURSE CATALOG, ON THE UNIVERSITY'S WEBSITE AND IN ALL STUDENT POLICY DOCUMENTS (LE GUIDE). EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT FINANCIAL ASSISTANCE. 1 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 61525 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 46400 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 4842 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATION RELATED PURCHASES 40 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES EDUCATION RELATED PURCHASES 92 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATION RELATED PURCHASES 4948 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION RELATED PURCHASES 421 NORTH AMERICA 0 0 OTHER INTEREST EXPENSES 258187 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 12720 0 0 0 0 0 0 376455 12720 389175 SCHOLARSHIPS EAST ASIA AND THE PACIFIC - 5 46753 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - 5 144641 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - 5 125476 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS RUSSIA & THE NEWLY INDEPENDENT STATES - 2 17860 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, 5 95088 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, 5 50912 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, 18 257276 FINANCIAL AID AWARDS 0 N/A N/A 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACCRUAL X X X X X X X 1 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 524063018 PHONATHON CALL SYSTEM 0 0 10528 0 10528 MN ALL-ATHLETICS GOLF TOURNAMENT 30823 12053 18770 0 2685 6400 3325 0 1644 30823 12053 18770 2685 6400 3325 1644 14054 4716 1 SCHOLARSHIPS & OTHER FINANCIAL AID 2949 23905411 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 0 0 0 0 0 0 0 0 THOMAS J ROONEY 153570 0 0 0 0 0 11325 0 9217 0 174112 0 0 0 COLLEEN A HEGRANES 148964 0 0 0 0 0 12498 0 11626 0 173088 0 0 0 MARJORIE MATHISON HANCE 137004 0 0 0 0 0 11018 0 6429 0 154451 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES UNIVERSITY-OWNED HOUSING FOR THE PRESIDENT. THE UNIVERSITY PAYS FOR THE REPAIR AND MAINTENANCE OF ITS ASSETS, WHICH IN THE REPORTING YEAR COST $15,249. MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HHUI 2006-08-28 8100062 RESIDENCE HALL CONSTRUCTION 0 0 0 MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HKL7 2007-04-26 6586167 RESIDENCE HALL CONSTRUCTION 0 0 0 833626 8100062 100062 8000000 2007 0 0 1 1 932496 6586167 86167 6500000 2007 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART III, LINE 7 PRIVATE BUSINESS USE MANAGEMENT HAS ENGAGED LEGAL COUNSEL TO FORMALLY DOCUMENT INTERNAL PRACTICES AND PROCEDURES. 29786 SCHOLARSHIP RYAN COMPANIES US INC CEO OF RYAN COMPANIES IS A FAMILY MEMBER OF A BOARD MEMBER 2848275 THE UNIVERSITY CONTRACTED WITH RYAN COMPANIES TO PROVIDE CONSTRUCTION SERVICES. 0 X 12 5830 EXPERT OPINION X 26804 APPRAISAL X 6778 COMPARABLE SALES X 46 1496658 STOCK MARKET QUOTES X 2 220 DONOR VALUED X 1 150 DONOR VALUED X EQUIPMENT 2 59150 COMPARABLE SALES X GIFT CARDS 10 1616 FACE VALUE 2 0 1 0 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 COLLEGE 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 COLLEGE. 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 ADDITION TO THE 2.3% GENERAL INCREASE IN THIS WAY: COMPA RATIO IS <80% OF TARGET ADDITIONAL 5% COMPA RATIO IS 80-85% OF TARGET ADDITIONAL 3% COMPA RATIO IS 86-89% OF TARGET ADDITIONAL 2% COMPA RATIO IS 90-95% OF TARGET ADDITIONAL 1% THE REMAINING AVAILABLE DOLLARS WERE AWARDED FOR EXCEPTIONAL SERVICE OR INITIATIVE IN PURSUING THE UNIVERSITY'S STRATEGIC GOALS, BASED ON THE RECOMMENDATION OF 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 ONETIME 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,868,623. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -212,854. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 256,782. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -108,370. TOTAL TO FORM 990, PART XI, LINE 5: -5,933,065. 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 1 0 0 0 1 0 0 0 0