2012-05-14T15:49:30-05:00 2011-06-30 SCHENCK SC PO BOX 23819 GREEN BAY WI 543053819 990 2010-07-01 390806154 MOUNT MARY COLLEGE MOUN 4142584810 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 REYES GONZALEZ 4142584810 2012-05-11 1 DAVID L MACCOUX 9204367800 2012-05-11 2010 2016-02-24 21:20:13Z REYES GONZALEZ 2900 N MENOMONEE RIVER PARKWAY MILWAUKEE WI 53222 43153541 0 X WWW.MTMARY.EDU X 1913 WI MOUNT MARY COLLEGE IS AN INDEPENDENT, PRIVATELY ENDOWED WOMEN'S INSTITUTION OF HIGHER EDUCATION OFFERING BACCALAUREATE AND MASTER DEGREES IN VARIOUS FIELDS OF STUDY. 20 20 767 200 -12233 -24647 2656687 3734762 27655144 30189305 75425 739708 126224 129347 30513480 34793122 6471149 7413115 0 0 793741 1176010 0 0 648160 20050862 20106243 27315752 28695368 3197728 6097754 39724033 48012114 10099937 11134502 29624096 36877612 X MOUNT MARY COLLEGE, AN URBAN CATHOLIC COLLEGE FOR WOMEN SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE COLLEGE ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE. 0 1 22772056 7413115 30229361 MOUNT MARY COLLEGE HAD APPROXIMATELY 1,525 UNDERGRADUATE AND 823 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30,2011. DURING THIS PERIOD, 248 BACHELORS DEGREES AND POSTBACCALAUREATE CERTIFICATES AND 153 GRADUATE DEGREES WERE AWARDED TO STUDENTS. 22772056 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 1 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 125 0 1 767 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X JANET MCKNIGHT 4142561202 2900 N MENOMONEE RIVER PKWY MILWAUKEE WI 53222 KRISTINE KRAUSE 1.00 X X 0 0 0 SUZANNE CARLTON 1.00 X X 0 0 0 EILEEN SCHWALBACH 50.00 X X 185535 0 30444 NORMAN BARRIENTOS 1.00 X 0 0 0 SUSAN BELLEHUMEUR 1.00 X 0 0 0 EILEEN BLOECHL 1.00 X 0 0 0 BARBARA BOLENS 1.00 X 0 0 0 SISTER JACQUELINE BUCKLEY 1.00 X 0 0 0 ROBERT BUERGER 1.00 X 0 0 0 SISTER KATHLEEN CORNELL 1.00 X 0 0 0 KATHRYN MAEGLI DAVIS 1.00 X 0 0 0 J MILES GOODWIN 1.00 X 0 0 0 BRIAN HENKE 1.00 X 0 0 0 GARY JORGENSEN 1.00 X 0 0 0 MARY KUNZE 1.00 X 0 0 0 SISTER PAMELA MOEHRING 1.00 X 0 0 0 BARBARA NICHOLS 1.00 X 0 0 0 MARIE O'BRIEN 1.00 X 0 0 0 ANN ROCHE 1.00 X 0 0 0 SISTER DEBRA SCIANO 1.00 X 0 0 0 MARY STAUDENMAIER 1.00 X 0 0 0 ROSANN C YOUNG 1.00 X 0 0 0 WILLIAM K JENSEN 1.00 X 0 0 0 GENEVA JOHNSON 1.00 X 0 0 0 GARY ZIMMERMAN 1.00 X 0 0 0 REYES GONZALEZ 50.00 X 126646 0 6625 DAVID WEGENER 50.00 X 61802 0 15068 DONNA GASTEVICH 50.00 X 123278 0 21602 SISTER JOAN PENZENSTADLER 50.00 X 30450 0 0 DAVID NIXON 50.00 X 62285 0 12128 589996 0 85867 3 0 1 0 SODEXHO INC & AFFILIATES 4880 PATSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 609882 CC&N N27 W23588 PAUL ROAD PEWAUKEE WI 53072 COMMUNICATIONS CABLING & NETWORKING 197500 KLS MEDIA 6191 S 122ND ST HALES CORNERS WI 53130 MEDIA BUYING 191381 PER MAR SECURITY SERVICES PO BOX 1101 DAVENPORT IA 528051101 SECURITY GUARD SERVICE 108202 4 107942 3626820 42482 3734762 STUDENT TUITION 611600 28110715 28110715 AUXILIARY ENTERPRISES 722320 1830989 1817041 13948 NURSING PROGRAM ADMIN 611600 150000 150000 INTEREST ON TUITION RE 611600 74496 74496 MMC COMMUNITY RENTAL 611600 23105 23105 30189305 469340 469340 128556 196702 -68146 -68146 -26181 -41965 8413317 8142949 270368 270368 270368 85536 20768 64768 64768 DEPARTMENT INCOME 611600 110195 47744 62451 MISCELLANEOUS 611600 22530 6260 16270 132725 34793122 30229361 -12233 841232 7148961 7148961 264154 264154 854855 432260 245634 176961 321155 321155 778170 504270 250411 23489 INSTRUCTION 8967480 8967480 0 0 INSTITUTIONAL SUPPORT 5226817 0 4779107 447710 STUDENT SERVICES 2542860 2542860 0 0 AUXILIARY ENTERPRISES 1452420 1452420 0 0 ACADEMIC SUPPORT 1138496 1138496 28695368 22772056 5275152 648160 X 2960708 8131590 3008455 2048316 1290225 1229046 1156085 715761 236494 2882 311000 279020 32790138 14858433 17109641 17931705 8925601 20505509 896487 835858 161764 39724033 48012114 1252669 2395108 1132372 1133003 6610000 6495000 1104896 1111391 10099937 11134502 X 13645590 18837683 6537085 7977200 9441421 10062729 29624096 36877612 39724033 48012114 X 6097754 1155762 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9210027 620601 1782570 64005 425995 32955 11090243 8961338 748689 500000 9210027 10081947 416426 -1537035 8961338 1.00000 0 0 516846 516846 22761205 13119107 9642098 7529741 1370881 6158860 1982346 368445 1613901 17931705 PAYABLES TO BENEFICIARIES UNDER SPLIT-INTEREST AGREEMENTS 91676 REFUNDABLE ADVANCES FROM THE U.S. GOVERNMENT 748404 INTEREST RATE SWAP 271311 1111391 34793122 28695368 6097754 1155469 293 1155762 7253516 29042321 1155469 506845 1662314 27380007 7413115 7413115 34793122 21788805 506552 506552 21282253 7413115 7413115 28695368 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, UNDER INTERNAL REVENUE CODE 501(C)(3) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE COLLEGE DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSETS) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE/SPLIT INTEREST AGREEMENT 20,836. CHANGE IN VALUE/INTEREST RATE SWAP AGREEMENT -20,543. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE/SPLIT-INTEREST AGREEMENT 20,836. RENTAL EXPENSES 196,702. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENT 268,539. SPECIAL EVENT EXPENSES 20,768. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 7,413,115. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 196,702. EXCESS WITHDRAWALS OVER INCOME EARNED FOR POOLED ENDOWMENT INVESTMENTS 268,539. SPECIAL EVENT EXPENSES 20,768. CHANGE IN VALUE/INTEREST RATE SWAP AGREEMENT 20,543. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 7,413,115. 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 NEWSPAPER ANNOUNCEMENTS, BROCHURES, COURSE DESCRIPTIONS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 VARIOUS GOVERNMENT GRANTS TO PROVIDE FINANCIAL AID TO STUDENTS. 1 EUROPE 0 0 PROGRAM SERVICES HONORARIUM/GUEST SPEAKERS, TRAVEL, HOTEL, MEAL AND TUITION COSTS 205986 SOUTH AMERICA 0 0 PROGRAM SERVICES AIRLINE TICKETS, TOUR COSTS, HOTEL COSTS AND TUITION COSTS 62133 CENTRAL AMERICA 0 0 PROGRAM SERVICES TUITION COSTS 18600 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS 97924 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIPS 29042 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLARSHIPS 5750 SUB-SAHARAN AFRICA 0 0 PROGRAM SERIVES SCHOLARSHIPS 48100 0 0 0 0 0 0 467535 0 467535 EUROPE TUITION 64738 CHECK CENTRAL AMERICA TUITION 18600 CHECK 4 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 7 97924 CHECK 0 SCHOLARSHIPS MIDDLE EAST AND NORTH AMERICA 1 29042 CHECK 0 SCHOLARSHIPS SOUTH ASIA 1 5750 CHECK 0 SCHOLARSHIPS SUB-SAHARAN AFRICA 2 48100 CHECK 0 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVE GRANT AWARDS FOR ATTENDING THE COLLEGE IN THE U.S. STUDENT'S ELIGIBILITY FOR GRANT SUPPORT IS DEPENDENT ONLY ON THEIR STATUS AS AN INTERNATIONAL STUDENT. THE ADMISSIONS AND REGISTRAR'S OFFICES VERIFY THE INTERNATIONAL STUDENT STATUS USING THEIR VISAS. THE FINANCIAL AID OFFICE POSTS THE FINANCIAL AID AWARD TO THEIR AID PACKAGE AND THE BUSINESS OFFICE POSTS THE AID ON THEIR STUDENT ACCOUNT. NO PAYMENTS OF CASH ARE MADE TO INTERNATIONAL STUDENTS DIRECTLY FOR THEIR GRANT AWARDS. STARVING ARTISTS FAIR 85536 85536 6328 2687 11753 85536 85536 6328 2687 11753 20768 64768 1 EDUCATIONAL SCHOLARSHIPS 1122 7148961 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EACH STUDENT IS REVIEWED BY TWO OR THREE INDIVIDUALS IN THE AWARDING PROCESS. STUDENTS ARE THEN AWARDED GRANT FUNDS BASED ON FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS, GUIDELINES AND INSTITUTIONAL MATRIX. PROCEDURES FOR MONITORING FUNDS ARE ALSO BUILT INTO THE COMPUTER AWARDING SOFTWARE. X X X X X 0 0 0 0 0 0 0 0 0 EILEEN SCHWALBACH 185535 0 0 0 0 0 13970 0 16474 0 215979 0 0 0 WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 2009-12-23 6610000 FACILITIES CONSTRUCTION 0 0 0 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 GARY JORGENSON GARY JORGENSON IS A TRUSTEE OF THE ORGANIZATION 879198 GARY JORGENSON (TRUSTEE) IS A PRINCIPAL OF VJS CONSTRUCTION SERVICES, INC. MOUNT MARY CONTRACTED WITH VJS CONSTRUCTION SERVICES, INC. TO PROVIDE CONSTRUCTION MANAGEMENT SERVICES 0 X 3 42482 FAIR MARKET VALUE 0 0 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 ADDED A DOCTORATE OF ART THERAPY PROGRAM FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO INCORPORATE THE FOLLOWING CHANGES: CHANGED ALL REFERENCES OF CORPORATE "MEMBERS" TO CORPORATE "BOARD" CHANGED ALL REFERENCES OF "MILWAUKEE" PROVINCE TO "CENTRAL PACIFIC" PROVINCE CHANGED ALL MEMBERSHIP SPECIFICATIONS FOR THE CORPORATE BOARD DELETED ITEMS LIKE COMPENSATION POLICY, TRUSTEE PERSONAL CHARACTERISTICS/INDIVIDUAL RESPONSIBILITIES, AND THE DETAILED DESCRIPTION OF THE BOARD OF TRUSTEES COMMITTEES. THESE ITEMS NOW APPEAR IN A NEWLY CREATED TRUSTEE HANDBOOK UPDATED OR ADDED LEGAL WORDING FOR THE CONFLICT OF INTEREST POLICY, INDEMNIFICATION STATEMENT AND TRUSTEE POWERS DESCRIPTION FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD, WHICH INCLUDES THE AUDIT COMMITTEE, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A FORM IS SIGNED ANNUALLY BY THE BOARD AND OFFICERS. THIS FORM IS SENT TO THE PRESIDENT AND MONITORED BY THAT OFFICE. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED TO WAICU SURVEYS. THE PRESIDENT'S SALARY GOES TO THE BOARD FOR APPROVAL FOR INCREASES. VICE PRESIDENT'S SALARY INCREASE APPROVALS GO TO THE PRESIDENT. THE CFO MONITORS THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,155,469. CHANGE IN VALUE/SPLIT INTEREST AGREEMENT 20,836. CHANGE IN VALUE/INTEREST RATE SWAP AGREEMENT -20,543. TOTAL TO FORM 990, PART XI, LINE 5: 1,155,762. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHOOL SISTERS OF NOTRE DAME 13105 WATERTOWN PLANK ROAD ELM GROVE WI 53122 390806379 SPONSORING ORGANIZATION OF MOUNT MARY COLLEGE WI 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHOOL SISTERS OF NOTRE DAME C 545480 CASH