2012-03-01T14:08:28-06:00 2011-05-31 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-06-01 410695509 ST CATHERINE UNIVERSITY STCA 6516906566 2004 RANDOLPH AVENUE ST PAUL MN 551051794 THOMAS J ROONEY 6516906566 2012-03-01 1 KAREN GRIES 6123764500 2010 2016-02-24 21:20:13Z ANDREA J LEE IHM 2004 RANDOLPH AVENUE ST PAUL MN 551051794 137451848 0 0928 X WWW.STKATE.EDU X 1913 MN TO EDUCATE STUDENTS TO LEAD AND INFLUENCE. 28 25 2410 58 86508 -25188 7809275 10442055 89727413 95003527 4898193 9679027 650773 822962 103085654 115947571 21006510 23766488 0 0 49302198 52132788 37613 16833 1722175 29360766 29475107 99707087 105391216 3378567 10556355 210327026 227875262 83353715 82288286 126973311 145586976 X ST. CATHERINE UNIVERSITY EDUCATES STUDENTS TO LEAD AND INFLUENCE. WITH A BACCALAUREATE UNIVERSITY 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 67113290 23766488 83705793 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 ENROLLMENT ON BOTH CAMPUSES, IN ST. PAUL AND MINNEAPOLIS, IS NEARLY 5,300 STUDENTS - 95.6 PERCENT WOMEN AND 22.7 PERCENT MULTICULTURAL OR INTERNATIONAL. DURING THE 2010-2011 ACADEMIC YEAR, ST. CATHERINE UNIVERSITY AWARDED 26 UNDERGRADUATE CERTIFICATES, 212 ASSOCIATE DEGREES, 522 BACCALAUREATE DEGREES, 161 POST-BACCALAUREATE CERTIFICATES, 505 MASTER'S DEGREES, AND 48 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 PROFESSORS RANKED AMONG THE TOP 5 PERCENT NATIONALLY FOR THEIR COMMITMENT TO UNDERGRADUATE TEACHING IN U.S. NEWS & WORLD REPORT'S "BEST COLLEGES" ISSUE IN 2010. THE UNIVERSITY WAS RANKED FIRST IN TWO CATEGORIES, "ECONOMIC DIVERSITY AMONG TOP- RANKED SCHOOLS" AND "AVERAGE AMOUNT OF NEED-BASED AID AWARDED." IN ADDITION, ST. CATHERINE UNIVERSITY MERITED FOUR RANKINGS IN U.S. NEWS & WORLD REPORT'S NATIONAL SURVEY OF "AMERICA'S BEST GRADUATE SCHOOLS." 12686016 0 10744302 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 ON BOTH CAMPUSES, AND MEETING AND EVENTS SERVICES. DURING THE 2010-2011 ACADEMIC YEAR, 80.5 PERCENT OF FIRST-YEAR STUDENTS LIVED ON CAMPUS, AND STUDENTS PURCHASED OVER 1,779 MEAL PLANS.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. 12221510 0 478295 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. 92020816 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 1 208 0 1 2410 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 25 0 0 1 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 28350 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 MAUREEN HOOLEY BAUSCH 2.00 X 0 0 0 REBECCA BERGMAN 2.00 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 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 JOHN C NIENSTEDT 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 ANNE OTTERSON 2.00 X 0 0 0 DAVID PAGE 2.00 X 0 0 0 ANN BUCKINGHAM RYAN 2.00 X 0 0 0 TOMI RYBA 2.00 X 0 0 0 JOHN SPILLANE JR 2.00 X 0 0 0 TERESA STERNS 2.00 X 0 0 0 LIND THEIS THRASHER 2.00 X 0 0 0 SANDRA VARGAS 2.00 X 0 0 0 THOMAS J ROONEY - VICE PRESIDENT - 40.00 X 52614 0 9212 TAMMY L HUDDLE-MCGEE 40.00 X 61280 0 3541 STACY SCHWARZE JACOBSON - EXECUTIVE 40.00 X 86867 0 19439 COLLEEN A HEGRANES 40.00 X 150359 0 22598 MARJORIE MATHISON HANCE 40.00 X 133256 0 16608 BRIAN BRUESS 40.00 X 134322 0 11503 ALAN SILVA - ASSISTANT VICE 40.00 X 105327 0 14180 JOHN JERIES - DIRECTOR OF 40.00 X 101453 0 20679 ALICE SWAN - ASSOCIATE 40.00 X 101163 0 13967 926641 0 160077 8 0 1 0 SODEXHO MARRIOTT SERVICES 2004 RANDOLPH AVENUE ST PAUL MN 55105 FOOD SERVICES MANAGEMENT 2924304 SANDRA NELSON ADVERTISING INC 126 NORTH THIRD STREET STE 500 MINNEAPOLIS MN 55401 ADVERTISING 580271 LOFFLER MANAGEMENT SOLUTIONS 1101 EAST 78TH STREET BLOOMINGTON MN 55420 PRINTING & MAILING MANAGEMENT 531178 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ADMISSIONS CONSULTANT 359496 PERKINSWILL PO BOX 71181 CHICAGO IL 606941181 ARCHITECTURAL & DESIGN SERVICES 216041 12 16015 18185 1920342 8487513 525481 10442055 TUITION 611600 83705793 83705793 AUXILIARY SERVICES 532000 10744302 10744302 FEES & DEPOSITS 611600 257258 257258 FINANCE FEES 611600 221037 221037 FITNESS CENTER 531390 75137 75137 95003527 2708770 2708770 159251 48112 111139 111139 11371 99768 28409583 21439326 6970257 6970257 6970257 14404 16015 16839 -2435 -2435 PARKING 611600 267059 267059 MEDICAL FEES 611600 260487 260487 OTHER 900099 186712 186712 714258 115947571 94928390 86508 10490618 255347 255347 22686831 22686831 824310 824310 541695 541695 41060604 35769441 4241977 1049186 7674850 6858858 620038 195954 2855639 2353723 429557 72359 141199 54825 86374 81546 24393 57153 16833 16833 291783 22161 269622 8312453 7222396 1082561 7496 968857 558980 407013 2864 7007300 5484503 1367253 155544 556404 168009 388210 185 1930821 1656021 272442 2358 888095 746294 71547 70254 674623 469820 103805 100998 2701589 2511640 189949 3746299 3514305 194531 37463 415440 121947 293493 MISCELLANEOUS EXPENSE 868457 480372 377404 10681 BAD DEBT EXPENSE 716917 222147 494770 REPAIRS & MAINTENANCE 173324 14493 158831 105391216 92020816 11648225 1722175 7322787 8151815 4057493 4315973 3245798 1887621 429800 431821 887073 896200 124451277 49027772 77120448 75423505 101810177 121361428 4769125 5054031 8775482 8444012 1908843 1908856 210327026 227875262 10970506 11081619 7797623 7872679 411007 278920 49091897 48513146 13617374 13186644 1465308 1355278 83353715 82288286 X 71193929 77875915 24759154 34791730 31020228 32919331 126973311 145586976 210327026 227875262 X 10556355 8057310 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44748508 1353611 10967562 1155282 937502 130707 54849188 37156443 1069732 8721998 1148915 931426 119324 44748508 47607745 804556 -8977846 1196801 967240 113971 37156443 0.06190 0.54320 0.39490 1 0 2224174 2224174 94745713 32223754 62521959 27088905 16804018 10284887 392485 392485 75423505 SPLIT INTEREST AGREEMENTS 467226 INTEREST RATE SWAP AGREEMENT 381259 FUNDS HELD FOR OTHERS 506793 1355278 115947571 105391216 10556355 7701701 355609 8057310 18613665 100233193 7701701 316775 8018476 92214717 221713 23511141 23732854 115947571 81723313 64951 64951 81658362 221713 23511141 23732854 105391216 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 2011 AND 2010. FURTHER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY-FORWARD OF $303,471 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 2008 TO 2010 ARE SUBJECT TO REVIEW BY FEDERAL AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 243,676. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 103,785. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 243,676. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS 8,148. RENTAL EXPENSES 48,112. SPECIAL EVENT EXPENSES 16,839. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,511,141. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 48,112. SPECIAL EVENT EXPENSES 16,839. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,511,141. 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 28516 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 94337 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 1877 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 15985 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 1391 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 2600 NORTH AMERICA 0 0 OTHER INTEREST EXPENSE PAYMENTS 258824 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMMING, EDUCATION RELATED PURCHASES 421 0 0 0 0 0 0 403951 0 403951 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 6 58247 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 8 145227 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 7 160584 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS RUSSIA & THE NEWLY INDEPENDENT STATES 4 53562 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA 7 79690 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SOUTH ASIA 4 67414 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 17 242823 FINANCIAL AID AWARDS 0 N/A N/A SCHOLARSHIPS NORTH AMERICA 2 16763 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 ELIZABETH CHILD & COMPANY 811 DIVISION ST NORTHFIELD MN 55057 MAIL COMMUNICATION & DESIGN CONSULTING 0 0 11083 0 TARGET ANALYTICS 1030 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 DATABASE ANALYSIS & CONSULTING 0 0 5750 0 16833 MN ALL-ATHLETICS GOLF TOURNAMENT 30419 16015 14404 0 3071 7200 3850 0 2718 30419 16015 14404 3071 7200 3850 2718 16839 -2435 1 ST CATHERINE UNIVERSITY ALUMNAE ASSOCIATION 2004 RANDOLPH AVENUE F-33 ST PAUL MN 55105 410797846 501(C)(3) 255347 0 N/A N/A ALUMNAE RELATIONS 1 0 SCHOLARSHIPS & OTHER FINANCIAL AID 4000 21263461 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 COLLEEN A HEGRANES 150359 0 0 0 0 0 12315 0 10283 0 172957 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 $14,600. 22750 SCHOLARSHIPS RYAN COMPANIES US INC CEO OF RYAN COMPANIES IS A FAMILY MEMBER OF A BOARD MEMBER 146918 THE UNIVERSITY CONTRACTED WITH RYAN COMPANIES TO PROVIDE CONSTRUCTION SERVICES. 0 X 2 193 EXPERT OPINION, INVOICE X 33662 APPRAISAL; DONOR ORG X 1178 DONOR VALUE X 55 486038 STOCK MARKET QUOTES X 3 325 DONOR VALUED X 1 1439 DONOR VALUED X EQUIPMENT 4 799 DONOR VALUED X GIFT CARDS 7 1847 FACE VALUE 1 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 4 THE UNIVERSITY AMENDED THE BYLAWS FOR THE FOLLOWING: 1) ADDITION OF THE MISSION AND PURPOSE OF THE UNIVERSITY 2) REMOVAL OF MEMBER CLAUSE 3) THE BOARD OF TRUSTEES ELECTS INCOMING TRUSTEES AT THE ANNUAL MEETING OF THE BOARD OR WHEN A VACANCY OCCURS 4) EXCLUSIVE OF ANY EX-OFFICIO TRUSTEES, THE BOARD OF TRUSTEES SHALL CONSIST OF AT LEAST TWENTY-FOUR AND NOT MORE THAN TWENTY-EIGHT PERSONS, WITH THE EXACT NUMBER SET BY THE BOARD OF TRUSTEES. AT LEAST ONE-QUARTER OF THE BOARD OF TRUSTEES SHALL BE VOWED MEMBERS OF THE SISTERS OF ST. JOSEPH OF CARONDELET. THE PRESIDENT OF THE UNIVERSITY AND THE PROVINCE LEADERSHIP TEAM LIAISON OF THE SISTERS OF ST. JOSEPH OF CARONDELET SHALL EACH BE AN EX-OFFICIO TRUSTEE. 5) EXCEPT FOR EX-OFFICIO TRUSTEES, ALL TRUSTEES SERVE FOUR-YEAR TERMS AND ARE ELIGIBLE FOR REELECTION FOR UP TO THREE CONSECUTIVE TERMS. THEREAFTER, A TRUSTEE MUST REMAIN OFF THE BOARD FOR AT LEAST ONE YEAR BEFORE BEING ELIGIBLE FOR REELECTION TO THE BOARD. 6) VACANCIES ARE FILLED BY THE BOARD FOR THE BALANCE OF THE TERM VACATED. 7) SEVEN TRUSTEES SHALL ALSO BE SPONSORSHIP COUNCIL TRUSTEES, WITH ADDITIONAL RIGHTS AND RESPONSIBILITIES REGARDING SPONSORSHIP AND MISSION FOR THE UNIVERSITY. THE SPONSORSHIP COUNCIL SERVES AS THE MEANS BY WHICH THE SISTERS OF ST. JOSEPH OF CARONDELET EXERCISE THEIR RESPONSIBILITIES AS SPONSOR OF ST. CATHERINE UNIVERSITY. THE SPONSORSHIP COUNCIL SHALL INCLUDE THE PROVINCE LEADERSHIP TEAM LIAISON OF THE SISTERS OF ST. JOSEPH OF CARONDELET, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIR OF THE BOARD OF TRUSTEES. THESE THREE INDIVIDUALS SHALL SELECT FOUR ADDITIONAL TRUSTEES TO BE THE REMAINING SPONSORSHIP COUNCIL TRUSTEES, EACH OF WHOM SHALL HAVE SERVED AT LEAST ONE FULL TERM AS A TRUSTEE OF THE UNIVERSITY. AT ALL TIMES, FOUR THE THE SEVEN SPONSORSHIP COUNCIL TRUSTEES SHALL BE VOWED MEMBERS OF THE SISTERS OF ST. JOSEPH OF CARONDELET. 8) DEFINED THE OFFICERS OF THE BOARD OF TRUSTEES TO BE THE CHAIR, VICE CHAIR, AND SECRETARY TO BE ELECTED BY A MAJORITY VOTE BY THE BOARD OF TRUSTEES. 9) DEFINED THE DUTIES AND RESPONSIBILITIES OF THE OFFICERS OF THE BOARD OF TRUSTEES. 10) DEFINED THE OFFICERS OF THE UNIVERSITY TO BE THE PRESIDENT, VICE PRESIDENT(S), SECRETARY, AND TREASURER. THE OFFICERS OTHER THAN THE PRESIDENT ARE SELECTED AND APPOINTED BY THE PRESIDENT. 11) DEFINED THE DUTIES AND RESPONSIBILITIES OF THE OFFICERS OF THE UNIVERSITY. 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 EFFECT 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. FOR COMPARISON PURPOSES, MEDIAN SALARY FOR EACH POSITION AND FACULTY RANK AS SHOWN IN THE CUPA-HR DATA IS ADJUSTED 5% DOWN AND 5% UP TO CORRESPOND TO SALARY COMPARISON FOR PEOPLE AT LOW, MEDIUM AND HIGH RANGE BASED ON YEARS IN JOB. THE 95% CATEGORY IS FOR PEOPLE 1-3 YEARS IN A CURRENT JOB; 100% IS FOR 4-6 YEARS IN A POSITION AND 105% IF FOR PEOPLE 7 OR MORE YEARS IN A POSITION. THE MONETARY GAP IS ASCERTAINED, AND BASED ON AVAILABLE DOLLARS FOR COMPENSATION; SALARIES FOR THESE OFFICERS WERE ADJUSTED ACCORDING TO THE SAME FORMULAS AS FOR THE ENTIRE UNIVERSITY. AVAILABLE DOLLARS WERE FIRST DISTRIBUTED AS A GENERAL BASED AMOUNT ACROSS THE BOARD, AND THEN BASED ON THE GAP BETWEEN A ST. CATHERINE SALARY AND THE COMPARISON NORM. A SMALL POOL OF DOLLARS WAS AVAILABLE FOR MERIT. 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 GAINS ON INVESTMENTS: 7,701,701. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 243,676. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 103,785. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,148. TOTAL TO FORM 990, PART XI, LINE 5: 8,057,310. SISTERS OF ST JOSEPH OF CARONDELET ST PAUL PROVINCE 1884 RANDOLPH AVENUE ST PAUL MN 55105 411765361 CARE FOR THE SICK, POOR & NEEDY 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