2012-05-14T13:19:45-07:00 2011-06-30 990 2010-07-01 410693970 University of St Thomas UNIV 6519625000 2115 Summit Avenue St Paul MN 55105 Mark Vangsgard 2012-05-14 2010 2016-02-24 21:20:13Z Father Dennis Dease 2115 Summit Avenue St Paul MN 55105 526623548 false false X www.stthomas.edu X 1885 MN Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely and work skillfully to advance the common good. 49 44 5903 2365 1315589 25016823 28432196 248188915 262404781 -7375743 21184793 16365443 16490474 282195438 328512244 75614510 85913635 0 141143256 145477561 231080 182352 6548616 65417315 70778445 282406161 302351993 -210723 26160251 1027475615 1085559902 375841562 353443906 651634053 732115996 X Founded in 1885, the University of St. Thomas is a Catholic university based in the Twin Cities of St. Paul and Minneapolis. The largest private university in Minnesota, St. Thomas offers bachelor's degrees in over 85 major fields of study and more than 45 graduate degree programs including master's, education specialist, juris doctor and doctorates.Mission:Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely and work skillfully to advance the common good.Vision:We seek to be a recognized laeder in Catholic higher education that excels in effective teaching, active learning, scholary research and responsible engagement with the local community as well as with the national and global communities in which we live. false false 197610804 85913637 246418444 Instruction & Research: During the year, 10,534 students were enrolled at the University of St. Thomas pursuing undergraduate, graduate, law and doctoral degrees. 25547039 3381101 Student Services: Services provided to students including Enrollment Services, Dean of Students, Registrar, Athletics, Career Development, Personal Counseling, International Student Services, Student Clubs and organizations, and Student Health Services. 25341501 24020173 Auxiliary Enterprises: Provided services to the university community, including food services, housing, bookstores, conference services and day care services. 19343262 1072014 267842606 true true false true false false false true true true true true false true true false true false true true true true true true true false false true true true true false false false false false false true false true true true false false false false false false false false false true 695 0 true 5903 true true true true IT false false false false false true true false 0 false false false true false false false false false false false X 49 44 true false false false false false false true true false false false false true true true true true true false false false MN X Gary Thyen 6519626107 AQU219 2115 Summit Ave St Paul MN 551051078 William Reiling 1.00 X 0 0 0 Timothy P Flynn 1.00 X 0 0 0 Thomas Mengler 40.00 X 338098 0 79222 Thomas Madison 1.00 X 0 0 0 The Most Rev Lee Piche 1.00 X 0 0 0 The Most Rev Harry Flynn DD 40.00 X 53087 0 0 The Honorable Diana E Murphy 1.00 X 0 0 0 Susan Huber 40.00 X 280072 0 25143 Susan Alexander 40.00 X 144156 0 19215 Stephen Hemsley 1.00 X 0 0 0 Stepehn P Nachtsheim 1.00 X 0 0 0 Stanley S Hubbard 1.00 X 0 0 0 Sr Carol Keehan DC 1.00 X 0 0 0 Ronald Peltier 1.00 X 0 0 0 Ronald Fowler 1.00 X 0 0 0 Rodney P Burwell 1.00 X 0 0 0 Robert J Ulrich 1.00 X 0 0 0 Richard M Schulze 1.00 X 0 0 0 Rev John Malone 40.00 X 70788 0 43059 Rev Kevin McDonough 1.00 X 0 0 0 Rev Edward Malloy CSC 1.00 X 0 0 0 Raymond L Barton 1.00 X 0 0 0 Ms Amy Goldman 1.00 X 0 0 0 Mr Geoff Gage 1.00 X 0 0 0 Michael V Ciresi 1.00 X 0 0 0 Michael Paulsen 40.00 X 314085 0 34684 Michael E Dougherty 1.00 X 0 0 0 Maureen A Fay OP 1.00 X 0 0 0 Mary Marso 1.00 X 0 0 0 Mark Zesbaugh 1.00 X 0 0 0 Mark Vangsgard 40.00 X 239045 0 32287 Mark Gregg 1.00 X 0 0 0 Mark Dienhart 40.00 X 292259 0 34712 Lee Anderson 1.00 X 0 0 0 Laurence F LeJeune 1.00 X 0 0 0 Kathleen J Higgins Victor 1.00 X 0 0 0 John M Morrison 1.00 X 0 0 0 John J Fauth 1.00 X 0 0 0 John F O'Shaughnessy Jr 1.00 X 0 0 0 James Gearen 1.00 X 0 0 0 Harry G McNeely Jr 1.00 X 0 0 0 Gerald A Rauenhorst 1.00 X 0 0 0 Gail Dorn 1.00 X 0 0 0 Frank B Wilderson 1.00 X 0 0 0 Father Dennis Dease 40.00 X X 276691 0 47557 Eugene U Frey 1.00 X 0 0 0 Ernest Owens 40.00 X 235252 0 13536 Dr George Buckley 1.00 X 0 0 0 David Deeds 40.00 X 239209 0 32056 Daniel J Haggerty 1.00 X 0 0 0 Christopher Puto 40.00 X 347664 0 32707 Burton Cohen 1.00 X 0 0 0 Brian Jones 1.00 X 0 0 0 Antoine M Garibaldi 1.00 X 0 0 0 Ann Winblad 1.00 X 0 0 0 Andrew Duff 1.00 X 0 0 0 Alvin E McQuinn 1.00 X 0 0 0 2830406 394178 158 false true false Thyssenkrupp Elevator Corp PO Box 933004 Atlanta GA 311933004 Construction 1053974 Ryan Companies US Inc 50 S 10th St Ste 300 Minneapolis MN 55403 Construction 2855283 Opus Northwest LLC 10350 Bren Rd W Minnetonka MN 55343 Construction 19804520 Opus Holding LLC 10350 Bren Rd W Minnetonka MN 55343 Construction 37762355 Floors by Beckers Inc 805 First St NW New Brighton MN 55112 Floor Work 490625 42 114730 4241253 24076213 1349676 28432196 Tuition and Fees 611600 241972697 241972697 Seminars & Workshops 611600 4445747 4445747 Housing 721310 15986337 15944487 41850 262404781 7137724 782999 6354725 938927 938927 160943 160943 0 202474274 3985 189351203 18914 13123071 -14929 13108142 13108142 68653 114730 86317 -17664 -17664 0 16251151 8654870 7596281 5866634 143348 1586299 Student Health Insurance 1057052 1057052 Rental Income 531110 1137452 1076395 61057 Parking Revenue 812930 1433771 1433771 5122639 4528720 286335 307584 8750914 328512244 274891732 1315589 23872727 147821 147821 85373269 85373269 392545 392545 0 1986868 1986868 0 115605785 99818651 11858326 3928808 8349722 6964874 1072459 312389 11905501 9875792 1533695 496014 7629685 6515934 849421 264330 24748 23682 932 134 395680 21072 374609 -1 134753 22446 111857 450 88946 88946 182352 182352 2102937 1032872 1069236 829 3013304 2500112 458909 54283 1276297 906291 356041 13965 6522767 4056955 2169243 296569 3757781 2967553 772056 18172 0 21470584 20872592 525950 72042 4677005 4201153 311065 164787 0 1900157 1574247 224734 101176 169939 90050 77328 2561 0 16603633 13830681 2642267 130685 1522719 1062072 460459 188 Other Equipment & Supplies 810242 714605 38409 57228 Memberships 935650 452306 476166 7178 Meals 731290 556613 73728 100949 Electronic Library Resources 1755032 1755032 Debt Remarketing / LOC Fees 578091 100 577991 2306890 2113286 -149924 343528 302351993 267842606 27960771 6548616 2084939 11202994 157718 0 115063617 114907607 9545705 10089109 0 0 5188675 7140899 1924261 1868298 1697957 2069939 575183712 191550243 331171652 383633469 374882031 345780957 118144858 151551728 1703565 2021365 0 65910637 55293537 1027475615 1085559902 33259339 31043922 6398646 6670350 288405000 279655000 4258471 4896040 260000 260000 975000 975000 42285106 29943594 375841562 353443906 X 312351617 351827032 118362423 140819589 220920013 239469375 651634053 732115996 1027475615 1085559902 X 26160251 54321692 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 88946 false false 88946 false false Part II-B, Line 1i Part II-B, Line 1i - Other Activities Description During the fiscal year 2011, the University of St. Thomas retained the services of North State Advisers and Associates of Minneapolis to represent the university's interests with the city of Minneapolis. The university paid North State Advisors $18,000 in fiscal year 2011.The university also retained the services of Lockridge Grindal Nauen to represent our interests in Washington, D.C. The university paid Lockridge Grindal Nauen $22,888 in fiscal year 2011.The university retained the services of Goff Public Inc. to represent our interests at the state's capitol. The university paid Goff Public Inc. $48,058 in fiscal year 2011. 1684 4848281 X X X X X Used in publications true false true 346794132 12643555 63115544 3468439 10617246 408467546 320495119 6818672 32743127 3483294 9779492 346794132 393193426 25219002 -84737121 3179190 9260923 740075 320495119 0.20820 0.79180 false false false 37584690 37584690 412676202 99952618 312723584 6949886 4978969 1970917 53261132 37737619 15523513 64711802 48881037 15830765 383633469 8220000 F 151551728 Other Assets 2105706 Deferred Debt Financing Costs 1883436 Construction in Progress 51304395 Collateral Securities Lending Agreement 55293537 Student Loan Advances 4184191 Pledge Payable 1060090 Other Liabilities 4371867 Interest Rate Swap MTM 2603106 EDP Lease Captialization 4469654 Deposits 1998784 Deferred Tax Liability 2875114 Asset Retire Obligations 3410744 Annuity Obligations 4970044 29943594 328512244 302351993 26160251 54063814 257878 54321692 80481943 306957863 54063814 860572 -85219954 -30295568 337253431 -8741187 -8741187 328512244 226475920 860572 8483309 9343881 217132039 85219954 85219954 302351993 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Student Aid Reclass $85219954 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Special Events Expenses $86317 Cost of Goods Sold $8654870 Net unrealized loss on Interest Exchange $-406289 Deferred Tax Expense $148411 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Net Unrealized Gain on Interest Exchange $406289 Deferred Tax Expense $ -148411 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The University's endowment is used for student financial aid, instruction and other related activities, and educational and general operations. Part IV, Line 2b Part IV, Line 2b: Explanation of escrow account liability The University of St. Thomas administers the investments owned by other non-profit organizations. Those organizations delegate the authority to direct the investment of their investment funds to the University. These investment funds are invested by the University along with University's investment funds, based on the advice received from the University's third party investment advisors and Investment Committee of the Board. The University does not provide any independent investment advice. The other organizations agree to accept the advice from the University's investment advisor and do not have the right to self direct the investment of their investment funds. The other organization's investment funds are commingled with and invested as a part of the University's investment funds, in the same investment vehicles and allocation percentages, as the University's investment funds. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The University of St. Thomas holds two collections of artwork. The Asmat Art and Artists collection constitutes one of the most comprehensive collections of Asmat art in the United States. Located on the St. Paul campus it provides students, faculty, staff, and surrounding communities with opportunities to learn about traditional Asmat culture, contemporary challenges for Asmat artists, and ongoing opportunities Asmat artists have for presenting their work. The University of St. Thomas Campus Collection comprises over 1,000 objects, including paintings, sculptures, decorative arts, stained glass, and textiles. Many of these works are on display in public areas of the libraries, offices, classrooms, dormitories, seminary buildings, and the student center; and in various outdoor settings. Several areas, such as the Sculpture Garden of the O'Shaughnessy-Owens Science complex, the Gainey Center in Owatonna, and the Bernardi Campus in Rome, have noteworthy ensembles. Many works of art are used directly for teaching purposes in the Art History classroom, as well as specialized settings such as the Luann Dummer Center for Women. Others play a direct role in worship and meditation. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Ads in local papers and broadcast media Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency The University of St. Thomas receives primarily Title IV Funding from the Department of Education (i.e., Pell, Perkins, Workstudy and SEOG). true Sub-Saharan Africa 0 0 Program Services Study Abroad Aid 6465 Europe 0 0 Program Services Study Abroad Aid 116516 Central America 0 0 Program Services Study Abroad Aid 9018 East Asia 0 0 Program services Study Abroad Aid 55836 Sub-Saharan Africa 0 0 Program services Scholarships & Aid 15710 Sub-Saharan Africa 0 0 Program services Grant Work 189000 Sub-Saharan Africa 0 0 Program Services Grant Work 13982 Europe 0 0 Program Services Study Abroad Aid 12124 South Asia 0 0 Program Services Recruitment 14637 Europe 0 0 Program Services Recruitment 12841 South Asia 0 0 Program Services Vision Trip 28000 South America 0 0 Program Services Vision Trip 20800 Central America 0 0 Program Services Vision Trip 18900 East Asia 0 0 Program Services Vision Trip 27000 Sub-Saharan Africa 0 0 Program Services Vision Trip 31500 East Asia 0 0 Program Services Intl Studies-MBA 5093 Europe 0 0 Program Services Intl Studies-Sum 30595 Europe 0 0 Program Services Intl Studies-Sem 149813 Sub-Saharan Africa 0 0 Program Services Intl Studies-Wtr 9132 Europe 1 7 Program Services Bernardi Campus 532384 East Asia 0 0 Program Services Intl Studies-Wtr 34616 Europe 0 0 Program services Intl Studies-Win 72052 Europe 0 0 Investments 6330609 Central America 0 0 Investments 102057825 1 7 1 7 109387921 406527 109794448 Sub-Sah. Africa Grant 75000 Wire Transf. Sub-Sah. Africa Grant 1850 Wire Transf. Sub-Sah. Africa Grant 150 Wire Transf. Sub-Sah. Africa Grant 112000 Wire Transf. 4 Scholarships Sub-Saharan Africa 6 15710 Wire Transfer Institutional Student Aid Sub-Saharan Africa 1 6465 Disb. std acct. Institutional Student Aid Europe 17 83454 Disb. std acct. Institutional Student Aid East Asia & the Pacific 10 53343 Disb. std acct. Institutional Student Aid Central America 2 9018 Disb. std acct. Externally Funded Student Aid Europe 18 33062 Disb. std acct. Externally Funded Student Aid East Asia & the Paci 3 2493 Disb. std acct. false false false true true false Grantmaker's Description of How Grants are Used in Foreign Country Student financial aid is processed under individual grant funds within our accounting system, and the student financial aid is also processed under each individual student account. This approach to record financial aid by fund and by student account, provides a detailed record of how the funds are spent according to donor and governmental requirements. The Financial Aid office monitors student account activity to verify the student's enrollment and use of the funds according to the grant requirements.Grants are provided to established foreign organizations that are educational and/or charitable and the University is in contact with those organizations to ensure the grant funds are expended appropriately. X X X X X X X true WA OR OH ND NH MN MI MA MD FL DC CO AZ AK Football Golf Tournament 52449 36838 15611 1826 14993 Asmat Art Gala 32325 18135 14190 -482 5 98609 59757 38852 1000 68980 183383 114730 68653 2826 83491 86317 -17664 Part I, Line 2b - Fundraiser Additional Information Gary Jeub Consulting - professional fundraising fees $3,465 true Union Park District Council 1570 Concordia Ave Suite LL100 St Paul MN 55104 411434829 District 13 10150 0 General Support Minnesota Justice Foundation 229 19th Ave S Minneapolis MN 55455 411447537 501(c)(3) 28940 0 Public Service Program Macalester Groveland Community Council 320 S Griggs St St Paul MN 55105 411414691 501(c)(3) 10150 0 General Support Loan Repaymt Asst Prog 600 Nicollet Mall Suite 380 Minneapolis MN 55402 411513917 501(c)(3) 8000 0 General Support Listening House of St Paul Inc 215 Ninth Street West St Paul MN 55102 363291367 501(c)(3) 40104 0 General Support Center for Ethical Bus 100 LaSalle Avenue TMH331 Minneapolis MN 55403 411880767 501(c)(3) 6602 0 General support 5 1 Student Stipends 461 260202 Student Prizes & Awards 1051 49642 Institutional Tuition and Fee Exemptions 2242 4766271 Institutional Student Aid 8983 75594867 Externally Funded Student Aid 1729 4670981 ELS Tuition Assistance 9 31306 Grantmaker's Description of How Grants are Used As gifts and grants are received, individual funds are established in our general ledger system to process the grant revenue and expense. A financial manager is assigned to review and oversee the activity of the fund. In addition, other administrative departments also provide services to process, report, and review the grant information.In the case of private grants, the University follows a formalized grant application process to verify that the University understands the grant obligation and purpose before the application is sent to the grantor organization.Many private and government grants are received for student financial aid. Our Enrollment Services department follows a detailed policy and procedures manual that describes how each scholarship is awarded, including selection criteria. These procedures follow guidelines set by the University's senior leadership.Student financial aid is processed under individual grant funds within our accounting system (as described above), and the student financial aid in also processed under each individual student account. This approach to record financial aid by fund and by student account, provides a detailed record of how the funds are spent according to donor and governmental requirements. The Financial Aid office monitors student account activity to verify the student's enrollment and use of the funds according to the grant requirements.Grants are provided to established organizations that are educational and/or charitable and the University is in contact with those organizations to ensure the grant funds are expended appropriately. X X X X true true X X false true false false false false false true false false Thomas Mengler 318123 19975 25396 53826 417320 Susan Huber 254099 25973 24936 207 305215 Susan Alexander 133756 10400 14677 4538 163371 Michael Paulsen 314085 25030 9654 348769 Mark Vangsgard 216690 22355 22633 9654 271332 Mark Dienhart 263911 28348 25058 9654 326971 Father Dennis Dease 79331 197360 12975 34582 324248 Ernest Owens 235252 8998 4538 248788 David Deeds 238946 263 22402 9654 271265 Christopher Puto 347189 475 25468 7239 380371 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above Listed employees receive reimbursements for approved work-related expenses as outlined by university policy. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Travel for Companions - Susan Huber - treated as compensationHousing - Dennis Dease - condition of employment and not treated as compensationClub Dues - Dennis Dease - personal use treated as compensationClub Dues - Mark Dienhart - personal use treated as compensationClub Dues - Chris Puto - personal use treated as compensationClub Dues - Tom Mengler - personal use treated as compensationClub Dues - Susan Huber - personal use treated as compensationPersonal Services - Dennis Dease - event and cleaning services - not treated as compensation MN Higher Ed Facilities Authority 410988525 60416HQH0 2009-12-16 79577457 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HPM0 2009-06-17 58615252 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HNZ3 2008-12-16 18158074 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HGJ7 2006-02-16 40076482 See Schedule O false false 79577457 5351500 871423 73354534 2012 false false true true 58615252 4016025 754097 53845130 2010 false false true true 18158074 1400000 258074 16500000 2009 false false true true 40076482 1745725 27841798 488959 false true true true false false false false true true false false false false true 0.01385 0.01385 true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false MN Higher Ed Facilities Authority 410988525 60416HGL2 2006-02-16 12300000 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HDR2 2004-08-19 30000000 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HDS0 2004-08-19 20000000 See Schedule O false false MN Higher Ed Facilities Authority 410988525 60416HBT0 2003-12-04 23660819 See Schedule O false false 12300000 215651 12084349 2006 false false true true 30000000 1986094 415000 27598906 2005 false false true true 20000000 276000 19724000 2005 false false true true 23660819 2357500 21049700 253619 true false true true false true false false true 0.00492 0.00492 true false true false false true 0.00095 0.00095 true false true false false true 0.01220 0.01220 true false true true Royal Bank Canada 26.7000 false false false true false false false false false true true false false false false true false false false false false 95188 Tuition Remission 110302 Academic Scholarships Dougherty Financial Group LLC See Sch O 26415 Bond issuance fees false Joe Vangsgard See Sch O 44434 Employment false X 10 6634 Replacemt Cost X 294 Replacemt Cost X 15489 Replacemt Cost X 4 11034 Replacemt Cost X 48 440453 Market Value X 2 51600 Appraisal X 3 375 Replacemt Cost X Ins Premiums 5 1578 Replacemt Cost X Gift Cards 121 25931 Replacemt Cost 2 false true false Sch L, Part IV, Column (b) Joe Vangsgard, Family Member of Mark Vangsgard, OfficerDougherty Financial Group, Company affiliated with trustees Mike Dougherty and Raymond Barton Sch K, Part I Bond Issues, Column (f) A - Refunding of the outstanding principal of the prior bonds, paying all accrued interest on the prior bonds through their dates of redemption together with any redemption premium due on such dates, funding a debt service reserve and paying certain issuance costs of the Bonds. Series 5T was a refunding of Series 3-R2 and 3-R1. Series 3-R2 had an original issue date of June 15, 1993, original issue amount $23,015,000. Series 3-R1 had an original issue date of June 15, 1993, original issue amount $22,985,000.B - Construction, equipping, and furnishing of Schulze Hall, a four-story academic and support services building on the Institutions Minneapolis, Minnesota campus.C - Acquisition, construction, equipping, and furnishing of an apartment-style residential hall and related parking facility.D - Construction, equipping, and furnishing of an approximately 73,000 square feet undergraduate business building to be known as McNeely Hall on the Institution's Saint Paul, Minnesota campus.E - Refunding of the outstanding principal of the prior bonds, paying all accrued interest on the prior bonds through their date of redemption together with any redemption premium due on such date, funding a debt service reserve and paying certain issuance costs of the bonds. Series 6I was a refunding of Series 4-A1, 4-M, and 4-P. Series 4-A1 had an original issue date of March 1, 1996, original issue amount $11,645,000. Series 4-M had original an issue date June 15, 1997, original issue amount $21,680,000. Series 4-P had an original issue date December 1, 1997, original amount $15,435,000F - Construction and equipping of a five-level below-and above-ground parking facility with approximately 725 parking stalls for students, faculty, and visitors.G - Construction and equipping of a three-level, approximately 180,000 square foot athletic and recreation complex for students, faculty, and staff to be known as Anderson Athletic and Recreation Complex.H - Constructing, equipping and furnishing of a three-level (plus basement), approximately 218,000 square foot student center to be known as Anderson Student Center, construction and equipping of outdoor tennis courts, and renovations to McCarthy Gym. Sch E, Line 6 The University of St. Thomas receives primarily Title IV Funding from the Department of Education (i.e., Pell, Perkins, Workstudy and SEOG). Form 990, Part VI, Line1 Governing Body The Executive Committee is comprised of all the Chairs of the various Board Committees, the President of the University of St. Thomas, and others elected by the Board Affairs Committee. All of the Executive Committee members are members of the university's Board of Trustees. The Executive Committee has the right to act on behalf of the Board of Trustees in any matter that the Board itself could address. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The University of St. Thomas does not make its governing documents, including the Articles of Incorporation and Bylaws, available to the public. The university's conflict of interest policy is on the university's web site and is accessible to the public. The university's financial statements are available by request and are also available on the university's web site. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Executive Committee of the Board of Trustees discusses the President's compensation and benefits plan. Human Resources provides market data as requested. Base salary information is derived from the College & University Professional Association (CUPA) annual salary survey for President's of private and religious institutions. A portion of the President's package is determined by the Archdiocese as established in the annual memorandum on Priest pay and benefits published by the Archbishop the June of every year. The Executive Committee must approve any changes to the President's compensation package other than those dictated by the Archdiocese. The President's salary was reviewed in September 2008. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All trustees, officers, key employees and the five highest paid employees of the university are requested to file an annual disclosure statement and report any known conflicts of interest. This disclosure statement must be completed at the time of appointment and then annually on or before October 31. The disclosure requires the individuals to note known and potential relationships or transactions which may give rise to a conflict. Trustees and officers also are requested to notify the Vice President for Business Affairs immediately if a change in his or her disclosure statement occurs during the year. The University reviews the forms and any identified conflicts are monitored to ensure compliance with the policy. All contracts, agreements, or arrangements that have the potential for a financial or other type of conflict of interest are reviewed and approved by the appropriate group, as laid out in our policy. An interested person recuses him or herself from the decision-making process, including removing him or herself from any discussions or meetings regarding the potential arrangement. Those without an interest in the matter decide whether a contract, agreement, transaction , or arrangement is fair and reasonable and is in the best interest of the University. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process A full draft copy of the Form 990 (excluding Schedule B) and Form 990-T are sent to all members of the Board of Trustees. An executive summary of the returns is also provided. The board members have approximately one week to review the return and email comments or questions. After taking into account the board questions and comments, the return is presented to the Audit / Finance Committee for approval. The full Board of Trustees delegated approval authority of the tax return to the Audit / Finance Committee. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Amy Goldman and Gerry Rauenhorst - family and business relationshipRaymond Barton and Michael Dougherty - family relationshipWilliam Reiling and Mark Gregg - business relationship Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: Other Program Services: Academic support provided to the university community including library facilities, Academic Advising, and the Faculty Development Center. The university provides public services including the Senior Citizen Center, Loaves and Fishes, Service Learning, and Vision trips. The university also provides other programs to further their educational purposes.