2011-01-25T16:36:26-06:00 2010-06-30 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2009-07-01 941156599 Saint Mary's College of California SAIN 9256314571 PO Box 3554 Moraga CA 945753554 PETER A MICHELL 9256314571 2011-01-25 1 Lawrence H Mohr CPA 6128764500 2009 2016-02-24 21:20:13Z PETER A MICHELL PO BOX 3554 MORAGA CA 94575 154259805 0 X WWW.STMARYS-CA.EDU X 1863 CA INSTRUCTIONAL, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY AND AUXILIARY SERVICES SUCH AS ATHLETICS, DINING RESIDENCE HALLS, AND THE COLLEGE UNION. 22 21 2122 25 -87984 -87592 6048531 5488264 120045636 119618706 -1521275 2583515 386041 497766 124958933 128188251 28318434 31777216 0 67293369 64202470 44000 13980 4194835 36481754 36943569 132137557 132937235 -7178624 -4748984 266082052 263387131 107999347 108093128 158082705 155294003 Saint Mary's College of California is an institution of higher education that grants associate, baccalaureate, and masters degrees in liberal arts, science, business administration and education, including a doctorate in education. 0 0 109754079 31777216 119587353 Higher Education: Instruction, departmental research, student aid, library, art gallery, residence halls, dining, intercollegiate athletics, and student services for 3,622 students 109754079 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 305 3 1 2122 1 1 1 1 CJ 0 0 0 1 1 0 0 0 22 21 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X Peter A Michell 9256314571 1928 St Marys Rd MORAGA CA 94556 James Bahan 1.00 X 0 0 0 Br Stanislaus Campbell 1.00 X 0 0 0 Sherie Dodsworth 1.00 X 0 0 0 Robin John Driscoll 1.00 X 0 0 0 Sandra J Feaster 1.00 X 0 0 0 Garth Flint 1.00 X 0 0 0 Louisa Garaventa-Binswan 1.00 X 0 0 0 Russell Harrison 1.00 X 0 0 0 peter kelley 1.00 X 0 0 0 Rev Patrick LaBelle 1.00 X 0 0 0 Meghan Leader 1.00 X 0 0 0 Philip Lebherz 1.00 X 0 0 0 John Macken 1.00 X 0 0 0 Br William Mann FSC 1.00 X 0 0 0 Thomas P O'Donnell 1.00 X 0 0 0 George Schmitt 1.00 X 0 0 0 Steve Smith 1.00 X 0 0 0 BR Stan Sobczyk 1.00 X 0 0 0 Richard Spencer 1.00 X 0 0 0 Raymond Syufy 1.00 X 0 0 0 Br George VanGrieken F 1.00 X 0 0 0 Richard M DeLuna 1.00 X 0 0 0 Br Ronald Gallagher FS 40.00 X 0 0 0 Michael Beseda 40.00 X 166750 0 28206 Keith Brant 40.00 X 201680 0 35396 Jane Camarillo 40.00 X 145626 0 27054 Bethami Dobkin 40.00 X 272968 0 46370 Peter Michell 40.00 X 209904 0 32425 Carole Swain 40.00 X 141825 0 26928 Frances Sweeney 40.00 X 156353 0 27943 Randall Bennett 40.00 X 363300 0 33017 Guido Krickx 40.00 X 160216 0 23135 Nancy Sorenson 40.00 X 153243 0 27820 Mark Orr 40.00 X 152628 0 33416 Shyam Kamath 40.00 X 143944 0 19755 Alireza Rezapour 40.00 X 140650 0 11677 Brian Jerskey 40.00 X 140477 0 17442 Kyle Smith 40.00 X 139072 0 17210 Roy Allen 40.00 X 137649 0 25349 2826285 0 433143 74 0 1 0 CAHILL CONTRACTORS INC 425 CALIFORNIA STREET SAN FRANCISCO CA 94104 CONSTRUCTION SERVICES 9794848 SODEXO INC FOOD SERVICE MANAGEMENT Sodexo Inc Food Management Dept No LOS ANGELES CA 90088 FOOD SERVICE 4216099 C OVERAA &CO 200 PARR BLVD RICHMOND CA 94801 CONSTRUCTION SERVICES 3725790 ABLE BUILDING MAINTENANCE 868 FOLSOM STREET SAN FRANCISCO CA 94107 BUILDING MAINTENANCE 1880653 William Fuller & Associates 2954 Treat Blvd Ste F Concord CA 94518 ConSTRUCTION SERVICES 1165402 21 152140 5336124 63549 5488264 TUITION AND FEES 541900 99831791 99831791 AUXILIARY INCOME 611710 17175884 17175884 ATHLETICS 711210 1109329 1109329 Grant and Contract Rev 541900 970303 970303 Other Program Service 611710 500046 500046 31353 31353 119618706 2735448 -87984 2823432 101119 101119 56568 56568 233893 20192 213701 213701 213701 25575308 25828360 -253052 -253052 -253052 450499 152140 223002 227497 227497 128188251 119587353 -87984 3200618 31777216 31777216 1493320 332152 936713 224455 49025809 40247690 6487777 2290342 890930 731408 117900 41622 9253242 5046384 3824422 382436 3539169 2905477 468352 165340 415041 415041 133567 133567 13980 13980 481890 481890 7671650 6791920 813367 66363 2354894 1719661 278311 356922 2641328 1642901 731518 266909 1458249 719587 738662 3828354 3875868 -47672 158 1601037 1595298 5739 624084 439559 84005 100520 3337400 2462146 875254 5998588 5054297 776142 168149 1328183 253488 1074695 MISCELLANEOUS 5069304 4159027 792638 117639 132937235 109754079 18988321 4194835 34236018 9496360 5699333 4071101 1439189 1680413 1821894 2019566 1383372 1562632 206587119 81091967 124357227 125495152 80543310 102939889 13705085 13346000 2896624 2776018 266082052 263387131 9919130 5920167 4904247 5532731 72318510 70784434 1155000 1050000 449120 3357550 19253340 21448246 107999347 108093128 X 54811869 53209533 19117566 14611575 84153270 87472895 158082705 155294003 266082052 263387131 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 106298995 3787471 5468717 5428130 110127053 148650269 583522 -36449839 -6484957 106298995 0.21000 0.79000 0.00000 0 0 1336000 1336000 169439815 59627788 109812027 12209641 6985736 5223905 19564435 14478443 5085992 4037228 4037228 125495152 8340714 C REAL ESTATE 5005286 F 13346000 FEDERAL GOVERNMENT GRANTS REFUNDABLE 1711923 LIABILITY UNDER TRUST AGREEMENTS 1838343 ASSET RETIREMENT OBLIGATIONS 2503317 POST RETIREMENT BENEFITS PAYABLE 4437255 INTEREST RATE SWAP PAYABLE 10957408 21448246 128188251 132937235 -4748984 4419379 -2459097 1960282 -2788702 98061373 4419378 171946 -34236312 -29644988 127706361 481890 481890 128188251 100850075 171946 171946 100678129 481890 31777216 32259106 132937235 Part III, Line 4: Contributions of works of art, historical treasures, and similar assets held as part of a collection - for education, research or public exhibition rather than for sale - are not recognized or capitalized. Significant contributions of works of art, historical treasures, and similar assets not held as a part of a collection are recorded as revenue and assets at their estimated fair value at the date of receipt based upon appraisals or similar valuations. Part V, Line 4: Description of Intended Use of Endowment Funds: Scholarships, Support of Academic Programs & Faculty Development Part X: Description of Uncertain Tax Positions Under FIN 48: The College qualifies under the provisions of section 501(c)(3) of the internal revenue code and section 23701d of the california revenue and taxation code and is exempt from federal and state income taxation on related sources of income. All or substantially all of the College's activities serve to fulfill the College's exempt purpose. To the extent that some of the activities may be considered unrelated business income, these items would be immaterial and the College believes that there would be sufficient expense or losses carried forward to offset any income. Accordingly, no tax liability has been recorded at June 30, 2010. Part XI, Line 8 Net Unrealized Loss on Interest Rate Exchange: ($2,606,571) Actuarial Adjustment: $147,475 Part XII, Line 2D Scholarships: ($31,777,216) Unrealized Loss on Interest Rate Exchange: ($2,606,571) Actuarial Adjustments: $147,475 Part XIII, Line 4B Scholarships: $31,777,216 0 1 1 The College regularly advertises its programs and positions available at the College in newspapers. These advertisements always contain language publicizing our racially nondiscrimination policy. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES SUPPORT FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL WORK STUDY, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, NATIONAL SCIENCE AND MATHEMATICAL ACCESS TO RETAIN TALENT GRANTS, ACADEMIC COMPETITIVENESS GRANTS, AND PERKINS LOANS. THE TOTAL FEDERAL EXPENDITURES WERE $37,006,998. 1 Nor Cal Golf 2009 81004 55275 25729 1367 13905 861 14086 Nor Cal Golf 2010 176370 42850 133520 7485 28774 6857 10 345265 54015 291250 21500 26758 7500 58939 2600 32370 602639 152140 450499 21500 35610 7500 101618 3461 53313 223002 227497 1 Student scholarships 1745 31777216 0 N/A N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College's Financial Aid Office has a set of criteria by which College Aid is awarded to students. The Financial Aid Office maintains records of all student aid awarded and substantiation for the awards. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Michael Beseda 164697 0 0 0 2053 0 20929 0 7277 0 194956 0 0 0 Keith Brant 195500 0 0 0 6180 0 24029 0 11367 0 237076 0 0 0 Jane Camarillo 145358 0 0 0 268 0 19412 0 7642 0 172680 0 0 0 Bethami Dobkin 195305 0 0 0 77663 0 31938 0 14432 0 319338 0 0 0 Peter Michell 206988 0 0 0 2916 0 24556 0 7869 0 242329 0 0 0 Carole Swain 141096 0 0 0 729 0 19075 0 7853 0 168753 0 0 0 Frances Sweeney 156173 0 0 0 180 0 20257 0 7686 0 184296 0 0 0 Randall Bennett 341670 0 20000 0 1630 0 17891 0 15126 0 396317 0 0 0 Guido Krickx 160001 0 0 0 215 0 20525 0 2610 0 183351 0 0 0 Nancy Sorenson 151719 0 0 0 1524 0 20138 0 7682 0 181063 0 0 0 Mark Orr 150982 0 0 0 1646 0 18743 0 14673 0 186044 0 0 0 Shyam Kamath 135686 0 8000 0 258 0 18905 0 850 0 163699 0 0 0 Alireza Rezapour 140484 0 0 0 166 0 3122 0 8555 0 152327 0 0 0 Brian Jerskey 140253 0 0 0 224 0 10000 0 7442 0 157919 0 0 0 Kyle Smith 118988 0 20000 0 84 0 9714 0 7496 0 156282 0 0 0 Roy Allen 137384 0 0 0 265 0 9300 0 16049 0 162998 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178PR1 2007-08-30 71100000 See Schedule O 0 1 71100000 44085439 2183960 24830601 2009 1 1 1 1 0 0 1 0 1 1 0 1 1 Bank of New York Mellon 35.000000000000 1 Trinity Plus Funding 2.000000000000 1 0 0 George Schmitt Trustee 2544323 Managing director of Private Equity Investment in endowment fund. The Value of the Fund is $2,544,323 0 Philip Lebhertz Trustee 50000 Brother of artist in residence with contract at College. 0 Brother Stanislaus Campbell Trustee Serves as President of De La Salle Institute 0 X 6 0 X 4 65553 Fair market value 3 0 1 0 Non Reporting of Revenue: Part I, Line 33: On Campus art gallery received six separate gifts of art for which zero revenue was reported on the Form 990. Form 990, Part VI, Section A, line 2 The college has three trustees who are also on the Board of Trustees of De La Salle Institute: Brother Ronald Gallagher FSC, Brother Stanislaus Campbell FSC, and Brother George Van Grieken FSC. Form 990, Part VI, Section A, line 6 The governance of the College per Article 3 of the bylaws is delegated to the Board of Trustees which consists of 25 voting persons. The College does have Members, whose rights are outlined below. Form 990, Part VI, Section A, line 7a By right of office, the Brother Visitor and the President of the College shall be both Members and Trustees. Form 990, Part VI, Section A, line 7b The powers of the Members are to consent to the amendment of the Corporation's articles, repeal the Bylaws, consent to any amendments to the Bylaws which adversely affect the rights of the Members, consent to the dissolution of the Corporation, consent to the merger of the Corporation or to the sale or other disposition of all or substantially all of the Corporation's assets. Form 990, Part VI, Section B, line 11 The Audit Committee of the Board of Trustees meets each January to review the Form 990 that has been generated by management and reviewed by the College's outside auditors. The Form 990 will also be posted on the board of trustees' website for the rest of the board's review in time for their January meeting. The College then files the Form 990 after this review. Form 990, Part VI, Section B, line 12c THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE STAFF HANDBOOK. Form 990, Part VI, Section B, line 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND RECOMMENDS COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT FOR FINANCE. SUCH RECOMMENDATIONS GO TO THE FULL BOARD OF TRUSTEES FOR APPROVAL PRIOR TO THE BEGINNING OF THE FISCAL YEAR. THE ANNUAL REVIEW PROCESS CONDUCTED BY THE EXECUTIVE COMMITTEE INCLUDES SALARY AND BENEFITS DATA FOR SIMILAR POSITIONS AT THE OTHER SIMILAR PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE OF CALIFORNIA. THIS DATA IS INDEPENDENTLY ASSEMBLED BY THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES. THE COMPENSATION FOR ALL OTHER STAFF IS BASED UPON THE COLLEGE'S COMPENSATION SYSTEM THAT HAS DEVELOPED SALARY GRADES THAT INCLUDE COMPARABLE JOBS, WITH SALARY RANGES BENCHMARKED COMPETITIVELY WITH SALARY SURVEY DATA FROM SIMILAR INSTITUTIONS IN THE STATE OF CALIFORNIA. Form 990, Part VI, Section C, line 19 THE COLLEGE'S FINANCIAL STATEMENTS AND PUBLIC VERSION OF FORM 990 ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE SECRETARY OF STATE. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE STAFF HANDBOOK. Form 990, Part XI, Line 2c The oversight process has not changed from prior year. Schedule K, Part I, Line A(f) Description of purpose of Bond Issue Advance refund Series 2001A bonds, Current refunding of series 2001B and 2003 bonds, and finance the acquisition construction, rehab and renovation of certain facilities at the college. Form 990, Part V, line 4b Interest in financial account in foreign country The College holds a SWAP collateral account with Bank of New York Mellon in Cayman Islands.