2024-03-22T13:56:52-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 410693968 CROWN COLLEGE CROW 9524464100 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 553759001 MIKE PRICE CHIEF OPERATING OFFICER 9524464100 2024-03-19 1 MIKE PRICE 999009999 1 SARAH HINTZ P00492291 3037795710 2024-03-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR ANDREW DENTON 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 553759001 35353619 0 X WWW.CROWN.EDU X 1916 MN TO PROVIDE A CHRISTIAN-BASED EDUCATION WITHOUT REGARD TO RACE, GENDER, AGE, HANDICAP OR ETHNICITY. 17 17 616 17 38475 0 3799369 5225983 23945751 26602924 345222 251587 0 0 28090342 32080494 8011648 8486233 0 0 9849308 10883089 0 0 392337 9680270 10416331 27541226 29785653 549116 2294841 37245968 48487590 11374617 19606010 25871351 28881580 THE MISSION OF CROWN COLLEGE IS TO PROVIDE A BIBLICALLY BASED EDUCATION FOR CHRISTIAN LEADERSHIP IN THE CHRISTIAN AND MISSIONARY ALLIANCE, THE CHURCH-AT-LARGE, AND THE WORLD. 0 0 17140039 7773844 16131920 OUR CLASSES WILL EQUIP YOU WITH PROFESSIONAL SKILLS WHILE INTEGRATING THOSE TOOLS WITH YOUR LIFE'S PURPOSE. AS YOU LEARN WHAT ROLES YOU HAVE BEEN CREATED FOR, WE'LL HELP YOU SEE HOW THAT FITS INTO A CAREER. TO PREPARE YOU ACADEMICALLY FOR LIFE'S CALLING, CROWN COLLEGE OFFERS OVER 35 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS OPPORTUNITIES TO STUDY ABROAD AND TO BE PART OF A GREAT HONORS PROGRAM. CROWN HAD OVER 650 STUDENTS ENROLLED IN THE UNDERGRADUATE STUDIES PROGRAM AND GRADUATED OVER 100 STUDENTS. 4075002 712389 5694159 CROWN COLLEGE'S SCHOOL OF ONLINE STUDIES & GRADUATE SCHOOL OFFERS YOU THE OPPORTUNITY TO LEARN IN THE CONVENIENCE OF YOUR OWN HOME! OUR CHRISTIAN BACHELOR AND GRADUATE DEGREE PROGRAMS IN MINNESOTA CAN BE COMPLETED ONLINE, PROVIDING THE CONVENIENCE OF EARNING A QUALITY EDUCATION WHEREVER YOU LIVE AND SERVE, WITH THE SUPPORT OF OUTSTANDING PROFESSORS AND ONLINE CLASSMATES. THE UNIQUELY DESIGNED COHORT MODELS IN OUR CHRISTIAN ONLINE DEGREE PROGRAMS PROVIDE A SUPPORTIVE ENVIRONMENT FOR LEARNING AND THE OPPORTUNITY TO FORM LASTING RELATIONSHIPS WITH OTHER STUDENTS. IF YOU ARE LOOKING FOR CHRISTIAN COLLEGES IN MINNESOTA OR WANT TO EARN AN ONLINE DEGREE IN BUSINESS, LEADERSHIP, PSYCHOLOGY OR CHRISTIAN STUDIES, IT'S TIME TO CONSIDER CROWN COLLEGE. 3988235 0 4272660 AUXILIARY EXPENDITURES (FOOD SERVICE, RESIDENCE, COLLEGE STORE) IN SUPPORT OF STUDENT EDUCATION. 25203276 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1552 0 1 616 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN CO X MIKE PRICE 9524464100 8700 COLLEGE VIEW DRIVE ST BONIFACIUS MN 55375 GREG KUMMER CHAIR 1.00 X X 0 0 0 BOB SOLFELT VICE CHAIR 1.00 X X 0 0 0 KIMBERLY THOMAS SECRETARY 1.00 X X 0 0 0 HECTOR BELEN TRUSTEE 1.00 X 0 0 0 GARY FRIESON TRUSTEE 1.00 X 0 0 0 JOEL HARMON TRUSTEE 1.00 X 0 0 0 ART HILL TRUSTEE 1.00 X 0 0 0 WANG LEE TRUSTEE 1.00 X 0 0 0 JIM NASH TRUSTEE 1.00 X 0 0 0 JUAN PADILLA TRUSTEE 1.00 X 0 0 0 GORDON PAISLEY TRUSTEE 1.00 X 0 0 0 VERNA PRICE TRUSTEE 1.00 X 0 0 0 DAN SCARROW TRUSTEE 1.00 X 0 0 0 CATHY SIGMUND TRUSTEE 1.00 X 0 0 0 DALE TEAL TRUSTEE 1.00 X 0 0 0 ERIC TOMPKINS TRUSTEE 1.00 X 0 0 0 MAY VANG TRUSTEE 1.00 X 0 0 0 ANDREW DENTON PRESIDENT 40.00 X 166029 0 112226 MIKE PRICE CHIEF OPERATING OFFICER 40.00 X 120444 0 31718 CHRIS MATHEWS VP OF ACADEMIC AFFAIRS 40.00 X 136259 0 27275 PAUL FLAGSTAD SR DIRECTOR OF IT 40.00 X 103706 0 23473 526438 0 194692 4 0 1 0 VOS CONSTRUCTION 19063 371ST AVE GREEN ISLE MN 55338 CONSTRUCTION 2194235 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE/FACILITIES SERVICES 2162821 MA MORTENSON 700 MEADOW LN N MINNEAPOLIS MN 55422 CONSTRUCTION 1612741 HOFFMAN WEBER CONSTRUCTION INC 2155 OLD HWY 8 NW NEW BRIGHTON MN 55112 CONSTRUCTION 735261 ATLANTIC CULINARY ENVIRONMENTS INC 15 ENTERPRISE DRIVE DANVILLLE PA 17821 DINING FACILITY DESIGN 620986 12 3697878 1528105 22569 5225983 TUITION FEES 611600 21826079 21826079 AUXILIARY ENTERPRISES 611710 4272660 4272660 OTHER STUDENT FEES 532000 504185 38475 465710 26602924 325461 325461 3199251 3273125 -73874 -73874 -73874 32080494 26098739 38475 717297 8486233 8486233 477735 447081 30654 8444188 7076034 1201044 167110 214484 207859 6625 1145628 970402 144920 30306 601054 480843 102179 18032 1178171 1178171 26270 26270 84078 84078 60890 60890 835821 301732 531539 2550 470814 58834 374167 37813 495400 333322 136138 25940 521721 43634 478087 1098145 1037746 60399 692484 619909 46851 25724 47550 38524 5526 3500 2176768 2057046 119722 124758 124758 FOOD SERVICE 1272450 1272450 MAINTENANCE & REPAIRS 283325 247274 36051 EQUIPMENT PURCHASES 253506 211738 41768 MEMBERSHIPS & DUES 119811 90878 25831 3102 674369 490647 142741 40981 29785653 25203276 4190040 392337 688046 315795 7398895 6807461 165 134964 744579 17860 30497 659791 457459 55993959 28309380 17153052 27684579 8137430 9189261 1194936 1142176 941676 595877 919318 1519741 37245968 48487590 1355455 3909520 707419 2489703 7369631 11590785 22481 24135 1919631 1591867 11374617 19606010 X 15828062 18381777 10043289 10499803 25871351 28881580 37245968 48487590 2294841 715388 0 X X 0 1 X 1 1 1 X 1361725 2144318 3101310 3799369 5225983 15632705 1361725 2144318 3101310 3799369 5225983 15632705 15632705 202214 217775 889151 369312 325461 2003913 158169 107825 692639 958633 18595251 119635165 0.84070 0.79920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 158,169. 2019 AMOUNT: $ 107,825. 2020 AMOUNT: $ 692,639. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9836677 145366 816165 397417 10400791 11207288 205535 -1295825 280321 9836677 9364229 76167 2021968 255076 11207288 9095388 197687 260977 189823 9364229 8794857 68748 366083 134300 9095388 0.14000 0.86000 0.00000 1 0 145329 145329 36877560 20527166 16350394 10899852 7782214 3117638 8071218 8071218 27684579 STUDENT AID - GOVERNMENT PORTION 242811 ASSET RETIREMENT OBLIGATION 1125768 DEPOSITS 223288 1591867 X 24248759 715388 715388 23533371 60890 8486233 8547123 32080494 21238530 0 21238530 60890 8486233 8547123 29785653 PART IV, LINE 2B: THE COLLEGE HOLDS BENEVOLENCE FUNDS FOR THE BENEFIT OF STUDENTS. IT ALSO HOLDS EXCESS FUNDS ASSOCIATED WITH HOSTING A CONFERENCE THAT ROTATES AMONG PARTICIPATING COLLEGES. THE EXCESS FUNDS ARE PASSED ALONG TO BE USED BY THE NEXT COLLEGE TO HOST THE CONFERENCE. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF APPROXIMATELY 135 INDIVIDUAL FUNDS ESTABLISHED FOR THREE PRIMARY PURPOSES: SCHOLARSHIP FUNDS, LOANS TO STUDENTS, AND FUNDING ACADEMIC SUPPORT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE HAS ADOPTED THE ACCOUNTING STANDARD RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANT EXPENSES 8,486,233. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANT EXPENSES 8,486,233. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES A STATEMENT ABOUT ITS NON-DISCRIMINATORY POLICY ON ITS HOMEPAGE, IN THE COLLEGE CATALOG, AND ON ITS APPLICATIONS (ADMISSIONS AND EMPLOYMENT) SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, COLLEGE WORK STUDY PROGRAM, DIRECT LOANS PROGRAM, AND THE PERKINS LOAN PROGRAM. 1 CROWN COLLEGE SCHOLARSHIPS & GRANTS 853 8253033 0 N/A N/A FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 147 233200 0 N/A N/A PART I, LINE 2: IN ORDER TO BE AWARDED INSTITUTIONAL FUNDS, STUDENTS MUST BE ENROLLED FULL-TIME AND MAKING SATISFACTORY PROGRESS. UNDERGRADUATE ON-CAMPUS STUDENTS COMPLETE A CROWN FINANCIAL AID APPLICATION TO HELP DETERMINE ELIGIBILITY FOR SCHOLARSHIPS, GRANTS AND DISCOUNTS. SCHOLARSHIPS, GRANTS AND DISCOUNTS ARE AWARDED BASED ON MERIT AND SPECIFIC CRITERIA. THE CROWN GRANT IS NEED-BASED USING PERCENTAGES AND MINIMUM AWARD ADAPTED FROM NOEL-LEVITZ. 1 X X X 0 0 0 0 0 0 0 0 0 ANDREW DENTON PRESIDENT 166029 0 0 0 0 0 13350 0 98876 0 278255 0 0 0 CHRIS MATHEWS VP OF ACADEMIC AFFAIRS 136259 0 0 0 0 0 4839 0 22436 0 163534 0 0 0 MIKE PRICE CHIEF OPERATING OFFICER 120444 0 0 0 0 0 6437 0 25281 0 152162 0 0 0 A CITY OF MAYER MINNESOTA 411253357 2022-06-10 8000000 CONSTRUCTION OF FACILITIES 0 0 0 B CITY OF ST BONIFACIOUS MINNESOTA 411253357 2022-06-10 7483642 REFINANCING 0 0 0 A 8000000 160000 4418971 3421029 2023 0 0 0 1 B 186900 7483642 7483642 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 1 OLD NATIONAL BANK 10.000000000000 1 0 0 0 1 B 0 1 0 0 1 1 OLD NATIONAL BANK 10.000000000000 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 12A: CROWN COLLEGE HAS $3,421,029 IN FUNDS AVAILABLE TO DRAW FOR FUTURE CONSTRUCTION EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE PRESIDENT OF THE COLLEGE (NON-VOTING MEMBER), THE THREE (3) OFFICERS OF THE BOARD AND THE CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL FUNCTION WITHIN THE FRAMEWORK OF POLICIES ESTABLISHED BY THE BOARD AND REPORT TO IT ALL ACTION TAKEN. FORM 990, PART VI, SECTION A, LINE 3 CROWN COLLEGE PAYS SUDEXO FOR FACILITY MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THE NORTHWESTERN, MIDWEST, ROCKY MOUNTAIN, SOUTHWESTERN, MID-AMERICA, WESTERN GREAT LAKES, AND THE HMONG AND SPANISH CENTRAL INTERCULTURAL DISTRICTS OF THE CHRISTIAN AND MISSIONARY ALLIANCE WILL ELECT OR APPOINT ONE TRUSTEE EACH. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS MUST BE APPROVED BY THE BOARD OF DIRECTORS OF THE CHRISTIAN AND MISSIONARY ALLIANCE: 1. APPOINTMENT OF THE PRESIDENT OF THE COLLEGE. 2. ADDITION, AMENDMENT OR REPEAL OF THE ARTICLES OF INCORPORATION OR BYLAWS OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A TAX RETURN DRAFT WAS PROVIDED TO THE ORGANIZATION'S MANAGEMENT TEAM FOR A DETAIL REVIEW. AFTER ALL CHANGES WERE MADE AND QUESTIONS ANSWERED, A FINAL COPY OF THE FORM 990 WAS THEN PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND MANAGEMENT EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. IF A POTENTIAL CONFLICT ARISES: 1. THE PROPOSED TRANSACTION IS REPORTED TO THE CHAIR OF THE BOARD OR PRESIDENT AND APPROVED IN ADVANCE BY THE BOARD. 2. THE BOARD RECORD MUST DEMONSTRATE THAT THE TRANSACTION IS TRULY IN THE BEST INTEREST OF THE COLLEGE, AS PROVIDED BY A COMPETITIVE BID OR COMPARATIVE EVALUATION, AND THAT IT DOES NOT VIOLATE STATE LAW. 3. THE CONFLICTED INDIVIDUAL IS EXCUSED DURING THE PROCESS OF BOARD DELIBERATION AND VOTING, OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO ANSWER QUESTIONS. 4. IN CERTAIN CASES, ANOTHER BOARD MEMBER MAY BE ASSIGNED TO ACT ON BEHALF OF THE COLLEGE IN DEALING WITH THE TRANSACTION TO ASSURE THAT NORMAL CORPORATE CONTROLS AND ACCOUNTABILITY ARE MAINTAINED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE PRESIDENT IN RELATION TO PEER INSTITUTION AVERAGES. THIS PROCESS LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN SPRING OF 2023 FOR THE PRESIDENT, A. DENTON. THE PRESIDENT SETS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IN RELATION TO PEER INSTITUTION AVERAGES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS NOR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.