2013-12-20T10:37:44-06:00 2013-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-06-01 410695509 ST CATHERINE UNIVERSITY STCA 6516906566 2004 RANDOLPH AVENUE ST PAUL MN 551051794 THOMAS J ROONEY 6516906043 2013-12-16 1 KAREN GRIES P00078514 6123764500 2012 2015-11-30 17:44:51Z ANDREA J LEE IHM 2004 RANDOLPH AVENUE ST PAUL MN 551051794 138100002 0 0928 X WWW.STKATE.EDU X 1913 MN TO EDUCATE STUDENTS TO LEAD AND INFLUENCE. 28 27 2569 720 62707 -30243 9469836 9866226 98465766 101062308 3219804 3966626 991831 1029443 112147237 115924603 24643417 26427866 0 0 55713212 58232367 26828 56886 2647851 30227295 31433239 110610752 116150358 1536485 -225755 223283458 237973924 82093062 81237556 141190396 156736368 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 77655076 26427866 89786134 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 2012-2013 ENROLLMENT ON BOTH CAMPUSES, IN ST. PAUL AND MINNEAPOLIS, IS 5,075 STUDENTS - 96.8 PERCENT WOMEN AND 27.5 PERCENT MULTICULTURAL OR INTERNATIONAL. DURING THE 2012-2013 ACADEMIC YEAR, ST. CATHERINE UNIVERSITY AWARDED 30 UNDERGRADUATE CERTIFICATES, 224 ASSOCIATE DEGREES, 595 BACCALAUREATE DEGREES, 155 POST-BACCALAUREATE CERTIFICATES, 429 MASTER'S DEGREES, AND 40 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." 12668667 0 566951 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. 12383546 0 10646284 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 2012-2013 ACADEMIC YEAR, 75.3 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. 102707289 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 1 280 0 2569 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 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 40.00 X X 0 0 0 KAREN RAUENHORST 2.00 X X 0 0 0 JOANNE JIRIK MULLEN 2.00 X X 0 0 0 JEAN WINCEK CSJ 2.00 X X 0 0 0 MARK CHRONISTER 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 150449 0 13084 STACY SCHWARZE JACOBSON 40.00 X 94210 0 21826 COLLEEN A HEGRANES 40.00 X 154601 0 24450 MARJORIE MATHISON HANCE 40.00 X 137583 0 17689 BRIAN BRUESS 40.00 X 148402 0 12918 PENOLOPE A MOYERS 40.00 X 132325 0 17548 MARYANN JANOSIK 40.00 X 126443 0 8586 SUSAN CAMPBELL 40.00 X 119378 0 9419 1063391 0 125520 15 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CTR CHICAGO IL 606740001 FOOD SERVICES MGMT 2886050 MCGOUGH CONSTRUCTION 2737 FAIRVIEW AVE N ST PAUL MN 551131307 CONSTRUCTION SERVICES 1855744 LOEFFLER COMPANIES INC 1101 E 78TH ST BLOOMINGTON MN 554201400 PRINTING & MAILING MGMT 684619 SANDRA NELSON ADVERTISING 126 N THIRD ST STE 500 MINNEAPOLIS MN 554011653 ADVERTISING 460992 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 232282206 ADMISSIONS CONSULTING 417899 15 11590 23000 1930709 7900927 2039193 9866226 TUITION 611600 89786134 89786134 AUXILIARY SERVICES 532000 10646284 10646284 FEES & DEPOSITS 611600 362980 362980 FINANCE FEES 611600 203971 203971 FITNESS CENTER 531390 62939 62939 101062308 2229168 2229168 254695 100478 154217 154217 -232 154449 23799003 22061545 1737458 1737458 1737458 25881 11590 13376 12505 12505 MEDICAL FEES 611600 388203 388203 PARKING 611600 244036 244036 OTHER 900099 230482 230482 862721 115924603 100999369 62707 4996301 25638874 25638874 788992 788992 469178 469178 45135683 39131516 4600669 1403498 2777796 2415204 275968 86624 6624228 5715152 704095 204981 3225482 2771332 354753 99397 83100 83100 174057 57871 116186 106044 32538 73506 108657 108657 56886 56886 206122 20634 185488 8420264 7912904 499230 8130 938966 608866 315985 14115 8029884 6382701 1287689 359494 743163 149428 593120 615 1958676 1905863 49732 3081 1082059 924145 67353 90561 619269 168236 229352 221681 2394044 2226460 167584 4094484 3842754 248450 3280 422489 135880 286609 MISCELLANEOUS EXPENSE 1072891 936827 128800 7264 MEMBERSHIPS 445842 357208 83660 4974 BAD DEBT EXPENSE 287858 281864 5994 REPAIRS & MAINTENANCE 245370 193383 51817 170 116150358 102707289 10795218 2647851 6726423 6529680 3966518 3656577 1934770 1875821 421631 402994 908320 1114040 132571968 56689974 76564587 75881994 117381853 132429750 4689246 5020184 8781254 8877833 1908856 2185051 223283458 237973924 12001324 11188406 7925376 8064820 437383 619666 47909395 53481475 12733878 6952232 1085706 930957 82093062 81237556 X 76331391 79287924 30034510 40924374 34824495 36524070 141190396 156736368 223283458 237973924 X -225755 15473724 298003 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 108657 108657 0 EXPLANATION OF LOBBYING ACTIVITIES: 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 ITS 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 $206,298 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $108,657 OF ST CATHERINE'S DUES WENT, IN PART, TOWARD LOBBYING. 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 47607745 804556 -8977846 1196801 967240 113971 37156443 0.05250 0.51440 0.43310 1 0 2230501 2230501 94901516 36767676 58133840 35043302 19922298 15121004 396649 396649 75881994 SPLIT INTEREST AGREEMENTS 400834 FUNDS HELD FOR OTHERS 530123 930957 X 105237443 15473724 411857 15885581 89351862 144875 26427866 26572741 115924603 89691471 113854 113854 89577617 144875 26427866 26572741 116150358 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, 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 GAIN IN FISCAL YEAR 2013 AND A LOSS IN FISCAL YEAR 2012. FURTHER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY-FORWARD OF $317,483 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 2010 TO 2012 ARE SUBJECT TO REVIEW BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 164,988. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 8,538. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 124,477. RENTAL EXPENSES 100,478. SPECIAL EVENT EXPENSES 13,376. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 26,427,866. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 100,478. SPECIAL EVENT EXPENSES 13,376. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 26,427,866. 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 - CANADA AND MEXICO, BUT 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 24553 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 60614 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 147 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 40112 SUB-SAHARAN AFRICA - ANGOLA, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 9245 EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 7118 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 OTHER INTEREST EXPENSES 125077 0 0 0 0 0 0 266866 0 266866 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 6 164094 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 9 83386 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - 6 172231 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA 4 80267 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH ASIA 5 57488 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 15 196355 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 16620 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS RUSSIA & THE NEWLY INDEPENDENT STATES 1 18551 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 52406 PHONATHON CALL SYSTEM 0 0 9814 -9814 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10017 PLANNING STUDY 0 0 35000 -35000 44814 -44814 MN ALL-ATHLETICS GOLF TOURNAMENT 37471 11590 25881 2336 6630 2970 1440 37471 11590 25881 2336 6630 2970 1440 13376 12505 1 SCHOLARSHIPS & OTHER FINANCIAL AID 3068 25638874 0 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 150389 0 0 0 60 0 12017 0 1067 0 163533 0 0 0 COLLEEN A HEGRANES 152205 0 0 0 2396 0 12789 0 11661 0 179051 0 0 0 MARJORIE MATHISON HANCE 137197 0 0 0 386 0 11224 0 6465 0 155272 0 0 0 BRIAN BRUESS 148312 0 0 0 90 0 11851 0 1067 0 161320 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 $9,492. 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 60416HKL7 2007-04-26 6586167 RESIDENCE HALL CONSTRUCTION 0 0 0 C MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HYH1 2012-09-25 28939205 CURRENT REFUNDING 0 0 0 A 1047768 8100062 100062 8000000 2007 0 0 1 1 B 5567504 6586167 86167 6500000 2007 0 0 1 1 C 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 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.01420 0.00000 0.01420 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/07/2011 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/06/2011 SCHEDULE K, PART IV, LINE 7: THE MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY (MNHEFA) COLLABORATES WITH SPRINGSTED INCORPORATED IN ASSISTING BORROWERS TO MAINTAIN COMPLIANCE WITH ARBITRAGE REQUIREMENTS. X 2 4400 EXPERT OPINION X 28434 APPRAISAL X 1754 COMPARABLE SALES X 56 1821465 STOCK MARKET QUOTES X 1 42446 ESTIMATED VALUE X 3 1018 DONOR VALUED X 5 704 DONOR VALUED X 1 36995 APPRAISAL X EQUIPMENT 4 49243 COMPARABLE SALES X GIFT CARDS 6 2734 FACE VALUE X WHOLE LIFE INSURANCE POLICY 1 50000 CASH VALUE 5 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. THE 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. 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% AFTER THE GENERAL INCREASES WERE AWARDED, THE REMAINING AVAILABLE DOLLARS WERE AWARDED FOR EXCEPTIONAL SERVICE OR EXCELLENCE 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 THE COMPA RATIO WAS ASSESSED AT <100%, WHERE THE COMPA RATIO WAS >100% MERIT WAS GIVEN IN THE FORM OF A ONE-TIME BONUS. ALL STAFF OR FACULTY WERE DEEMED ELIGIBLE FOR MERIT, WITH THE EXCEPTION OF THE FEW PEOPLE WHO HAVE INDICATED THEY DO NOT WISH TO BE CONSIDERED FOR IT. 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 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 164,988. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 124,477. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,538. 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