2024-05-15T08:43:43+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 410693970 University of St Thomas UNIV 6519625000 2115 Summit Avenue St Paul MN 551051078 Mark Vangsgard CFO 2024-05-15 true Mark Vangsgard 999009999 Nicole Bencik P00756195 3128997000 2022 2023-04-26 12:10:37Z Robert Vischer 2115 Summit Avenue St Paul MN 551051078 1083985671 false X www.stthomas.edu X 1894 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. 36 33 5233 7705 -4328999 0 95850287 123049639 363246110 375404064 38478978 20052081 16258427 18570172 513833802 537075956 180083566 180306115 0 195775089 198984030 300000 11953755 83323919 89500119 459182574 469090264 54651228 67985692 1672860241 1754407977 443561305 431894172 1229298936 1322513805 X 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. 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 100 MAJOR FIELDS OF STUDY AND MORE THAN 60 GRADUATE DEGREE PROGRAMS INCLUDING MASTER'S, EDUCATION SPECIALIST, JURIS DOCTOR AND DOCTORATES. THE UNIVERSITY OF ST. THOMAS IS KNOWN NATIONALLY FOR ACADEMIC EXCELLENCE THAT PREPARES STUDENTS FOR THE COMPLEXITIES OF THE CONTEMPORARY WORLD. THROUGH DISCIPLINARY AND INTERDISCIPLINARY INQUIRY AND DEEP INTERCULTURAL UNDERSTANDING, WE INSPIRE STUDENTS TO LEAD, WORK AND SERVE WITH THE SKILL AND EMPATHY VITAL TO CREATING A BETTER WORLD. false false 311428112 180306115 351024572 INSTRUCTION & RESEARCH: DURING THE YEAR, 9,146 STUDENTS WERE ENROLLED AT THE UNIVERSITY OF ST. THOMAS PURSUING ASSOCIATE, UNDERGRADUATE, GRADUATE, DOCTORAL AND LAW DEGREES 49009352 2772021 STUDENT SERVICES: SERVICES PROVIDED TO STUDENTS INCLUDING ENROLLMENT SERVICES, DEAN OF STUDENTS, REGISTRAR, ATHLETICS, CAREER DEVELOPMENT, PERSONAL COUNSELING, INTERNATIONAL STUDENTS SERVICES, STUDENT CLUBS AND ORGANIZATIONS, AND STUDENT HEALTH SERVICES. 45379282 35033109 AUXILIARY SERVICES: PROVIDED SERVICES TO THE UNIVERSITY COMMUNITY, INCLUDING FOOD SERVICES, HOUSING, BOOKSTORES AND CONFERENCE SERVICES. 19902057 2951926 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, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES. 19902057 2951926 425718803 true true false true false false true true true true true false true true true true false true true true true true true true false false false true true true false false false false false false true false false true true false false false true true true false false false true X 12579 0 true 5233 true true true true IT false false false true true false false false false false false X 36 33 true false false false false true false true true false false false true true true true true true false false CA CO FL AK MD MA MI MN NV NH ND OR WA X Mark Vangsgard 6519625000 2115 Summit Avenue St Paul MN 551051078 AMY GOLDMAN BOARD VICE CHAIR 1.0 X X 0 0 0 PATRICK G RYAN BOARD CHAIR 1.0 X X 0 0 0 ROBERT VISCHER PRESIDENT 40.0 X X 505366 0 65272 ANDREW CECERE TRUSTEE 1.0 X 0 0 0 ANDREW S DUFF TRUSTEE 1.0 X 0 0 0 ANN L WINBLAD TRUSTEE 1.0 X 0 0 0 ARCHIE BLACK TRUSTEE 1.0 X 0 0 0 BRIAN D WENGER TRUSTEE 1.0 X 0 0 0 CAROL FREY WOLFE TRUSTEE 1.0 X 0 0 0 DAVID JURAN TRUSTEE 1.0 X 0 0 0 DEBBRA SCHONEMAN TRUSTEE 1.0 X 0 0 0 DENNIS DEASE PRESIDENT EMERITUS/TRUSTEE 40.0 X 102952 0 24600 GEOFFREY C GAGE TRUSTEE 1.0 X 0 0 0 JAMES KOLAR TRUSTEE 1.0 X 0 0 0 JAMES P GEAREN TRUSTEE 1.0 X 0 0 0 JODEE A KOZLAK TRUSTEE 1.0 X 0 0 0 JOHN MORRISON TRUSTEE 1.0 X 0 0 0 JOHN N ALLEN TRUSTEE 1.0 X 0 0 0 KATHARINE ANDERSON GROETHE TRUSTEE 1.0 X 0 0 0 LISA S ANDERSON TRUSTEE 1.0 X 0 0 0 MARK A ZESBAUGH TRUSTEE 1.0 X 0 0 0 MARK GREGG Trustee 1.0 X 0 0 0 MARY HADDAD TRUSTEE 1.0 X 0 0 0 MICHAEL E DOUGHERTY TRUSTEE 1.0 X 0 0 0 MICHAEL V CIRESI TRUSTEE 1.0 X 0 0 0 NANCY PETERSON TRUSTEE 1.0 X 0 0 0 PAUL KARON TRUSTEE 1.0 X 0 0 0 PENNY WHEELER TRUSTEE 1.0 X 0 0 0 PHIL SORAN TRUSTEE 1.0 X 0 0 0 REVEREND EDWARD MALLOY CSC TRUSTEE 1.0 X 0 0 0 REVEREND JOHN M MALONE TRUSTEE 1.0 X 0 0 0 RORY O'NEILL TRUSTEE 1.0 X 0 0 0 STEPHEN P NACHTSHEIM TRUSTEE 1.0 X 0 0 0 TIMOTHY P FLYNN TRUSTEE 1.0 X 0 0 0 VIRGINIA A HUBBARD MORRIS TRUSTEE 1.0 X 0 0 0 WILHELMINA WRIGHT TRUSTEE 1.0 X 0 0 0 ABIGAIL CROUSE GENERAL COUNSEL AND SECRETARY 40.0 X 216655 0 23708 MARK VANGSGARD CFO 40.0 X 319757 0 59841 AMY MCDONOUGH CHIEF OF STAFF 40.0 X 186453 0 45088 EDDY ROJAS EVP & PROVOST 40.0 X 453701 0 62955 ERIK THURMAN VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT 40.0 X 390820 0 67782 KAREN LANGE VP STUDENT AFFAIRS 40.0 X 240977 0 25452 KATHLEEN ARNOLD VP CHIEF HR OFFICER 40.0 X 255662 0 49070 MAYKAO HANG DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OFHEALTH 40.0 X 484053 0 71265 PHIL ESTEN VICE PRESIDENT AND DIRECTOR OF ATHLETICS 40.0 X 427972 0 66290 YOHURU WILLIAMS DIRECTOR OF THE RACIAL JUSTICE INITIATIVE 40.0 X 258988 0 65080 DAVID DEEDS PROFESSOR OF ENTREPRENEURSHIP 40.0 X 331858 0 57652 DONALD WEINKAUF DEAN, SCHOOL OF ENGINEERING 40.0 X 280695 0 61491 MICHAEL PAULSEN LAW PROFESSOR 40.0 X 359400 0 69916 SAMEER KUMAR PROFESSOR OPUS COLLEGE OF BUSINESS 40.0 X 281501 0 52165 STEFANIE LENWAY DEAN, OPUS COLLEGE OF BUSINESS 40.0 X 420512 0 40092 JULIE SULLIVAN PRESIDENT - FORMER 0.0 X 525628 0 120984 SARAH GROSS METHNER GENERAL COUNSEL AND SECRETARY - FORMER 0.0 X 343362 0 30621 6386312 0 1059324 368 true true false McGough Construction 2737 Fairview Avenue North StPaul MN 55113 Construction Services 65039936 Ryan Companies 533 S 3rd St Ste 100 Minneapolis MN 55415 Construction Services 6459896 US LEASING AND EQUIPMENT FINANCE 38 DISCOVERY SUITE 150 IRVINE CA 92618 LEASING SERVICES 3211573 Krusfopf & Company Inc 1516 Losely Blvd S La Crosse WI 54601 ADVERTISING & MARKETING 1794215 AMERICAN INSTITUTE FOR FOREIGN STUDY 1 HIGH RIDGE PARK STAMFORD CO 06905 STUDENT SERVICES 1582137 139 265607 6339269 116444763 728049 123049639 TUITION & FEES 611600 351024572 351024572 STUDENT HOUSING 721310 23343623 23321910 21713 SEMINARS & WORKSHOPS 611600 1035869 1035869 0 0 0 0 375404064 10133701 -4475675 14609376 9307 9307 288700 288700 0 0 548024591 13935 538124293 5160 9900298 8775 9909073 9909073 72588 265607 68209 4379 4379 18837412 8712053 10125359 10167231 -41872 PARKING 812930 1746195 1746195 RENTAL 531390 528258 430724 97534 STUDENT HEALTH INSURANCE 900099 806761 806761 5070520 5001219 69301 0 8151734 537075956 391788286 -4328999 26567030 2872 2872 175147888 175147888 5155355 5155355 5453362 4445143 1008219 146009261 128457515 11208745 6343001 10409539 8538708 1318698 552133 26838523 22015030 3399949 1423544 10273345 8426991 1301445 544909 207755 62568 145187 219246 29556 187560 2130 314564 314564 300000 300000 886518 884193 2325 7991496 4694423 3010367 286706 2836791 2182265 608323 46203 4326768 3092196 938737 295835 7822582 4970343 2600165 252074 11965037 11387928 479022 98087 8381066 8003184 188993 188889 591595 564434 25949 1212 12089488 12019660 62337 7491 16401645 17526680 -1255633 130598 2500612 1581130 907173 12309 ELECTRONIC LIBRARY 2898900 2898872 28 MEMBERHIPS 1104116 639358 434568 30190 OTHER EQUIPMENT & SUPPLY 3806524 3736963 37673 31888 MEALS 1274225 1029605 106453 138167 3881191 3240715 382631 257845 469090264 425718803 31417706 11953755 11879602 1739411 127869978 182927201 10628025 7972964 0 0 0 0 1146069 1136159 4452263 5039650 830922092 344150900 482299630 486771192 588205196 586095087 398315815 362024535 3629732 2788494 44433931 117913284 1672860241 1754407977 40493818 40672969 5359766 5385999 355353744 343887331 979694 1010536 0 0 41374283 40937337 443561305 431894172 X 517917559 507019805 711381377 815494000 1229298936 1322513805 1672860241 1754407977 X 67985692 25281180 -384938 332935 X false true X true true true X 47017977 68384580 59187612 95850287 123048339 393488795 0 0 47017977 68384580 59187612 95850287 123048339 393488795 96818722 296670073 8382873 6206080 6159915 7908446 11119761 39777075 0 0 0 0 0 1933351 1611223 1204002 2018349 1779986 8546911 441812781 1880106763 0.6715 0.7626 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING, COLUMN A - 82420.0, COLUMN B - 56135.0, COLUMN C - 0.0, COLUMN D - 63803.0, COLUMN E - 33791.0, COLUMN F - 236149.0; DESCRIPTION - PARKING, COLUMN A - 1850931.0, COLUMN B - 1555088.0, COLUMN C - 1204002.0, COLUMN D - 1954546.0, COLUMN E - 1746195.0, COLUMN F - 8310762.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 274986 false false 274986 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University of St. Thomas is a member of 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. The University of St. Thomas paid membership dues to MPCC in the amount of $202,997 during the taxable year. MPCC has divided its expenses for its taxable year ending June 30, 2023, into two groups. Group 1 consists of those expenses that did not in any way support attempts to influence legislation within the meaning of section 501(c)(3) of the Internal Revenue Code ("lobbying"), and Group 2 consists of all other expenses. Group 2 includes many expenses, such as personnel costs, that supported both lobbying and nonlobbying activities. MPCC did not attempt to allocate the Group 2 expenses between lobbying and nonlobbying activities. MPCC has determined that the amount of the Group 2 expenses represents 77.89% of the amount of the dues that MPCC collected in the same taxable year. Assuming that all Group 2 expenses were paid from member dues, and allocating those expenses pro rata based on the dues paid by each member, $165,986 of The University of St. Thomas' dues were used to pay Group 2 expenses. The amount of lobbying expenses paid from The University of St. Thomas' dues was significantly less than that amount. The University retained the services of Emmet Coleman to the tune of $25,000 to represent the University with the City of St Paul in relation to building a micro-grid on the University St Paul campus. The services of were also retained for the cost of $84,000 of McAllister & Quinn in Washington DC to represent the University at the Federal level. 0 6729230 X X X false false true X 698880968 17670137 33911950 9428259 30811493 710223303 708988747 23029947 -8905570 7833920 16398236 698880968 550931157 9677842 165596839 6636723 10580368 708988747 540611135 37539844 -9655817 5670705 11893300 550931157 518710267 21953093 20235848 5562847 14725226 540611135 0.1323 0.5674 0.3003 false false 38209850 38209850 626898562 208810250 418088312 13334091 8916679 4417412 80696263 64279557 16416706 71783326 62144414 9638912 486771192 REAL ESTATE FUNDS 46193199 F MARKETABLE ALTERNATIVES 83967317 F PRIVATE EQUITY 231864019 F 362024535 OTHER ASSETS 1207316 Construction in Progress 116705968 FUnds held with Bonds trustees 117913284 ANNUITY OBLIGATIONS 5072894 ASSET RETIREMENT OBLIGATIONS 2173252 INTEREST RATE SWAP 269296 OTHER LIABILITIES 12702216 STUDENT LOAN ADVANCES 1045766 BOND PREMIUMS 19673913 40937337 X 389973239 25281180 8712053 33993233 355980006 1793649 179302301 181095950 537075956 296749483 384938 6918404 7303342 289446141 179644123 179644123 469090264 Schedule D, Part III, Line 4 Collections of art - description of collections 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 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, 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. OTHER PLAY A DIRECT ROLE IN WORSHIP AND MEDITATION. Schedule D, Part IV, Line 2b Explanation of escrow agreement The escrow arrangement is in connection to planned gift assets held for others. The University of St. Thomas has one for fiscal year 2023. Loftus Unitrust - is split among several beneficiaries but the University of St. Thomas holds the funds. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT IS USED FOR STUDENT FINANCIAL AID, INSTRUCTION AND OTHER RELATED ACTIVITIES, AND EDUCATIONAL AND GENERAL OPERATING. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY QUALIFIES AS A TAX EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE MOST SIGNIFICANT AREAS THAT SUBJECT THE UNIVERSITY TO UNRELATED BUSINESS INCOME TAX (UBIT) INCLUDE CONFERENCES AND EVENTS, RENTAL ACTIVITIES, EARNINGS FROM CERTAIN ALTERNATIVE INVESTMENTS AND OTHER UNRELATED INCOME. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COST OF GOODS SOLD - 8712053 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - XXX-XX-XXXX Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 8712053 INVESTMENT EXPENSES - -1793649 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - XXX-XX-XXXX NET UNREALIZED LOSS - 341822 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN SOLICITATION MATERIALS SENT TO PROSPECTIVE STUDENTS, AS WELL AS ON ITS WEBSITE AND IN ENROLLMENT MATERIALS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY OF ST. THOMAS RECEIVES PRIMARILY TITLE IV FUNDING FROM THE DEPARTMENT OF EDUCATION (I.E., PELL, WORKSTUDY, FEDERAL DIRECT LENDING, AND SEOG). true Central America and the Caribbean 0 0 Investments N/A 144364898 Europe (Including Iceland and Greenland) 0 0 Investments N/A 30482886 Europe (Including Iceland and Greenland) 1 7 Program Services The Bernardi Campus provides housing to St. Thomas students and others participating in academic and summer programs. 583574 North America (Canada & Mexico only) 0 0 Investments N/A 4319821 Europe (Including Iceland and Greenland) 0 0 Program Services Student Aid 4397526 Middle East and North Africa 0 0 Program Services Student Aid 642 South America 0 0 Program Services Student Aid 165115 East Asia and the Pacific 0 0 Program Services Student Aid 460721 Central America and the Caribbean 0 0 Program Services Student Aid 25718 South Asia 0 0 Program Services Student Aid 21761 Europe (Including Iceland and Greenland) 0 0 Program Services Recruitment, software, study abroad, conferences, research, advertising 101398 Middle East and North Africa 0 0 Program Services Recruitment, conference, athletics, research, study abroad 84532 North America (Canada & Mexico only) 0 0 Program Services Student Aid 26469 South America 0 0 Program Services Research 1462 Sub-Saharan Africa 0 0 Program Services Student Aid 57402 Central America and the Caribbean 0 0 Program Services Study abroad, research, recruitment 27166 East Asia and the Pacific Program Services Recruitment, conference 21647 North America (Canada & Mexico only) Program Services Conference, advertising 16690 South Asia Program Services Recruitment 1528 Sub-Saharan Africa Program Services Recruitment, research 11260 1 7 0 0 1 7 185121091 51125 185172216 0 0 AID Europe (Including Iceland and Greenland) 404 4397526 STUDENT ACCOUNT FMV AID Middle East and North Africa 15 642 STUDENT ACCOUNT FMV AID South America 47 165115 STUDENT ACCOUNT FMV AID East Asia and the Pacific 49 460721 STUDENT ACCOUNT FMV AID Central America and the Caribbean 34 25718 STUDENT ACCOUNT FMV AID Sub-Saharan Africa 9 57402 STUDENT ACCOUNT FMV AID South Asia 2 21761 STUDENT ACCOUNT FMV AID North America (Canada & Mexico only) 7 26649 STUDENT ACCOUNT FMV true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual X X X X X X X true HADAWAY PARTNERS LLC 3692 WOODLAND COVE PARKWAY EXCELSIOR MN 55331 FUNDRAISING CONSULTANT false 300000 -300000 0 300000 -300000 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PURPLE PARTY 180255 149263 30992 16485 15848 GOLF TOURNAMENT 82950 80150 2800 18455 1 74990 36194 38796 3900 13521 338195 265607 72588 38840 29369 68209 4379 true Aid 14854 174725131 FMV Stipends 807 422757 FMV Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 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 ORGANIZATIONS THAT ARE EDUCATIONAL AND/OR CHARITABLE AND THE UNIVERSITY IS IN CONTACT WITH THOSE ORGANIZATIONS TO ENSURE THE GRANTS FUNDS ARE EXPENDED APPROPRIATELY. X X X X true true X X X true true false false false false false true false ROBERT VISCHER PRESIDENT 498898 0 0 0 6468 0 28670 0 36602 0 570638 0 0 0 MARK VANGSGARD CFO 318193 0 0 0 1564 0 28670 0 31171 0 379598 0 0 0 ABIGAIL CROUSE GENERAL COUNSEL AND SECRETARY 216121 0 0 0 534 0 20490 0 3218 0 240363 0 0 0 MAYKAO HANG DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OFHEALTH 445576 0 38063 0 414 0 28670 0 42595 0 555318 0 0 0 EDDY ROJAS EVP & PROVOST 412911 0 40000 0 790 0 36668 0 26287 0 516656 0 0 0 PHIL ESTEN VICE PRESIDENT AND DIRECTOR OF ATHLETICS 383429 0 38076 0 6467 0 28670 0 37620 0 494262 0 0 0 ERIK THURMAN VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT 357703 0 32472 0 645 0 28670 0 39112 0 458602 0 0 0 YOHURU WILLIAMS DIRECTOR OF THE RACIAL JUSTICE INITIATIVE 258574 0 0 0 414 0 25390 0 39690 0 324068 0 0 0 KATHLEEN ARNOLD VP CHIEF HR OFFICER 255248 0 0 0 414 0 20448 0 28622 0 304732 0 0 0 KAREN LANGE VP STUDENT AFFAIRS 239488 0 0 0 1489 0 22734 0 2718 0 266429 0 0 0 AMY MCDONOUGH CHIEF OF STAFF 176447 0 0 0 10006 0 18440 0 26648 0 231541 0 0 0 STEFANIE LENWAY DEAN, OPUS COLLEGE OF BUSINESS 373835 0 39024 0 7653 0 28670 0 11422 0 460604 0 0 0 MICHAEL PAULSEN LAW PROFESSOR 358212 0 0 0 1188 0 28670 0 41246 0 429316 0 0 0 DAVID DEEDS PROFESSOR OF ENTREPRENEURSHIP 330670 0 0 0 1188 0 26214 0 31438 0 389510 0 0 0 SAMEER KUMAR PROFESSOR OPUS COLLEGE OF BUSINESS 277498 0 0 0 4003 0 22199 0 29966 0 333666 0 0 0 DONALD WEINKAUF DEAN, SCHOOL OF ENGINEERING 279562 0 0 0 1133 0 27171 0 34320 0 342186 0 0 0 JULIE SULLIVAN PRESIDENT - FORMER 350938 0 150000 0 24690 0 75455 0 45529 0 646612 0 0 0 SARAH GROSS METHNER GENERAL COUNSEL AND SECRETARY - FORMER 342764 0 0 0 598 0 10058 0 20563 0 373983 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel THE DIRECTOR OF ATHLETICS OCCASIONALLY TRAVELS WITH VARIOUS INTERCOLLEGIATE ATHLETICS TEAMS ON THEIR TEAM CHARTER. NONE OF THE BENEFIT IS TREATED AS TAXABLE. Schedule J, Part I, Line 1a Travel for companions UNIVERSITY EMPLOYEES ARE OCCASIONALLY ASKED TO TRAVEL ON UNIVERSITY BUSINESS. SPOUSAL TRAVEL REIMBURSEMENT BY THE UNIVERSITY REQUIRES APPROVAL BY A DEAN OR LEADERSHIP MEMBER, AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL IS NOT PROPERLY DOCUMENTED IT IS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. TRAVEL FOR COMPANIONS WAS PROVIDED AS A BENEFIT TO THE UNIVERSITY PRESIDENT AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL WAS NOT PROPERLY DOCUMENTED, IT WAS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT IS REQUIRED TO LIVE IN UNIVERSITY OWNED HOUSING. THE UNIVERSITY PROVIDES CLEANING AND MAINTENANCE SERVICES FOR THIS HOUSING. THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO IRC SECTION 119 AS IT IS A CONDITION OF THE PRESIDENT'S EMPLOYMENT AT THE UNIVERSITY. HOUSING IS PROVIDED TO THE PRESIDENT EMERITUS IN PERFORMANCE OF MINISTERIAL SERVICES. PERUSANT TO IRC SECTION 107 IS NOT TAXABLE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees CLUB DUES PAID BY THE UNIVERSITY ON BEHALF OF A NUMBER OF EMPLOYEES, THE PORTION RELATED TO PERSONAL USE IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE. Schedule J, Part I, Line 4a Severance or change-of-control payment A SEVERANCE AGREEMENT PAYMENT OF $242,277 WAS MADE WITH THE FORMER GENERAL COUNSEL AND SECRETARY. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The former President of the University of St. Thomas, Julie Sullivan, participated in a 457(f) supplemental nonqualified retirement plan. In calendar year 2022, upon leaving the University, the former president received funds from the plan in accordance with the plan guidelines of $36,993. Schedule J, Part I, Line 7 Non-fixed payments The President receives a non-fixed payment which is in part calculated based on achievement goals and is approved by the Board. Other discretionary payments , in consultation with the President, were paid to certain key senior staff members. A MN Higher Education Facilities Authority 410988525 60416HB78 2013-03-28 29327034 Refund Issue Dated 08/19/2004 false false false B MN Higher Education Facilities Authority 410988525 000000000 2014-03-14 24210000 Refund Issue dated 08/19/2004 false false false C MN Higher Education Facilities Authority 410988525 60416HV43 2016-03-09 63325215 Refund Issues dated 06/17/2009 & 12/16/2008 false false false D MN Higher Education Facilities Authority 410988525 60416H8G2 2017-12-28 66234827 Refund Issue Dated 12/16/2009 false false false A 14825000 0 29327034 0 0 0 222034 0 0 0 29105000 0 2013 true false true true B 11391407 0 24210000 0 0 0 136888 0 0 0 24073112 0 2014 false true true true C 12475000 0 63325215 0 0 0 364074 0 0 0 63262687 0 2016 false true true true D 8310000 0 66234827 0 0 0 438498 0 0 0 65796329 0 2017 false true true true A false false true true false 0.0 0.0083 0.0083 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0284 0.0284 false false true D false false true true false 0.0 0.0109 0.0109 false false true A false false true false false false false false true B false false true false false false false false true C false false true false false false false false true D false false true false false false false false true A true B true C true D true Schedule K, Part II, Line 3 ALL LISTED BONDS ON SCHEDULE K IF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF THE RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS. EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE. Schedule K, Part II, Line 11 Bonds 3, 4, and 5 The Other Spent Proceeds are the refunding proceeds no longer in escrow. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MN Higher Education Facilities Authority NA A MN Higher Education Facilities Authority 410988525 000000000 2017-12-29 19035000 Refund Issue Dated 05/30/2012 false false false B MN Higher Education Facilities Authority 410988525 60416JCE8 2019-05-30 93027399 Construction of Dormitory false false false C MN Higher Education Facilities Authority 410988525 000000000 2020-07-17 18745000 Refund Issue dated 12/29/2017 and renovations for dormitory and student health center false false false D MN Higher Education Facilities Authority 410988525 60416JFL9 2022-06-02 136339932 Construction of academic building and nursing facility and renovation of residence halls. false false false A 17710000 0 19035000 0 0 0 150000 0 0 0 18885000 0 2017 true false true true B 2200000 0 93436221 0 3948950 0 230793 0 0 88857957 398521 0 2020 false false true true C 3550000 0 18745000 0 127387 0 131201 0 0 8646799 9839613 0 2021 true false true true D 0 0 136339932 0 4184168 0 811999 0 0 55605601 0 75738164 false false false true A false false true true false 0.0 0.0034 0.0034 false false true B false false true true false 0.0 0.0014 0.0014 false false true C false false true true false 0.0 0.0049 0.0049 false false true D false false true true false 0.0 0.0008 0.0008 false false true A false false true false true false false false true B false true false false false false true Bayerische Landesbank New York Branch 1.5 true false true C false true false false true false false false true D false true false false false false true THE TORONTO-DOMINIUM BANK NEW YORK BRANCH 1.5 true false true A true B true C true D true VARIOUS EMPLOYEE FAMILY MEMBERS AND TRUSTEES 143021 SCHOLARSHIPS & TUITION REMISSION ACADEMIC ASSISTANCE RYAN COMPANIES INC Patrick Ryan Chairman & partial owner. 6459896 CONSTRUCTION false Schedule L, Part III PART III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS ISSUANCE OF ACADEMIC SCHOLARSHIPS TO FAMILY MEMBERS OF EMPLOYEES AND TRUSTEES IS DETERMINED ON THE SAME BASIS AND CRITERIA FOR ALL STUDENTS AT THE UNIVERSITY. X 27 495437 Market value X Travel 2 1112 Cost X Stone 1 225000 Cost X Books 1 6500 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTORS Other - Travel NUMBER OF CONTRIBUTORS Other - Stone NUMBER OF CONTRIBUTORS Other - Books Number of Contributors Form 990, Part III, Line 4d Description of other program services (Expenses $ 19,902,057 including grants of $)(Revenue $ 2,951,926) 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, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE PRESIDENT OR THE INDIVIDUAL'S DIRECT SUPERVISOR IF NOT THE PRESIDENT. AS PART OF THIS PROCESS, COMPENSATION IS ESTABLISHED THROUGH AN ASSESSMENT OF THE CURRENT-MARKET. A SALARY RANGE IS ESTABLISHED THROUGH COMPARABLE POSITIONS/SALARY INFORMATION, AND THE APPROPRIATE TARGET SALARY IS SELECTED BEFORE A FINAL OFFER IS DIRECTED TO THE POTENTIAL HIRE. THIS PROCESS OCCURS EACH YEAR. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE IS COMPRISED OF BOARD CHAIR, BOARD VICE CHAIR, IMMEDIATE PAST CHAIR, AND THE PRESIDENT OF THE UNIVERSITY OF ST. THOMAS. 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 2 Family/business relationships amongst interested persons BRIAN WENGER AND PATRICK RYAN - Business relationship, DEBBRA SCHONEMAN & PHILIP SORAN - Business relationship, ARCHIE BLACK & PHILIP SORAN - Business relationship, DEBBRA SCHONEMAN & MAYKAO HANG - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THREE OF THE UNIVERSITY'S TRUSTEES SHALL BE NOMINATED BY THE SAINT PAUL SEMINARY AND ELECTED BY THE BOARD OF TRUSTEES IN ACCORDANCE WITH AN AFFILIATION AGREEMENT BETWEEN THE UNIVERSITY AND THE SEMINARY. Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND OUTSIDE INDEPENDENT TAX ADVISORS. THE FORM 990 WITH A REDACTED VERSION OF SCHEDULE B IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. SUBSEQUENT TO THE BOARD OF TRUSTEE APPROVAL, THE TAX DEPARTMENT FILES THE RETURN WITH THE APPROPRIATE FEDERAL AND STATE AGENCIES, MAKING ANY NON-SUBSTANTIVE CHANGES NECESSARY. ANY NON-SUBSTANTIVE CHANGES ARE NOT RE-SUBMITTED TO THE BOARD. Form 990, Part VI, Line 12c Conflict of interest policy 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 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, REASONABLE AND IS IN THE BEST INTEREST OF THE UNIVERSITY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UNIVERSITY BENCHMARKED THE PRESIDENTS SALARY DURING THE SEARCH FOR ROB VISCHER WHO WAS INITIALLY INTERIM PRESIDENT BEFORE BEING CONFIRMED AS PRESIDENT JANUARY 2023. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY OF ST. THOMAS DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS ON THE UNIVERSITY'S WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST AND ARE ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER STUDENT SERVICES - Total Revenue: 1965260, Related or Exempt Function Revenue: 1965260, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; OTHER REVENUE - Total Revenue: 3105260, Related or Exempt Function Revenue: 3035959, Unrelated Business Revenue: 69301, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances NET UNREALIZED GAIN ON INTEREST RATE SWAP - 341822; CHANGE IN DEFERRED TAX - -10619; INTERFUNDING RECLASSIFICATION - 1732; UST ASSET HOLDINGS LLC 2115 SUMMIT AVE ST PAUL MN 55105 822313472 REAL ESTATE INVESTMENT MN 0 0 UNIVERSITY OF ST THOMAS UST INVESTMENT HOLDINGS LLC 2115 SUMMIT AVE ST PAUL MN 55105 822761195 NON REAL ESTATE INVESTMENT MN 0 0 UNIVERSITY OF ST THOMAS AUTOPARK LLC 2115 Summit Avenue Saint Paul MN 55105 743040026 REAL ESTATE INVESTMENT MN -494838 16157698 University of St Thomas UST HIGHLAND BRIDGE LLC 2115 Summit Ave St Paul MN 55105 REAL ESTATE INVESTMENT 0 1169588 UNIVERSITY OF ST THOMAS CHARITABLE REMAINDER UNITRUSTS (9) TRUST INVESTMENTS MN UNIVERSITY OF ST THOMAS Trust true CHARITABLE REMAINDER ANNUITY TRUSTS (1) TRUST INVESTMENTS MN UNIVERSITY OF ST THOMAS Trust true CHARITABLE LEAD TRUST (1) TRUST INVESTMENTS MN University of St Thomas Trust true false false false false false false false false false false false false false false false false false false false