2024-05-10T10:05:57-05:00 2023-06-30 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-07-01 410969244 College of Saint Benedict % ANNE OBERMAN COLL 3203635103 37 S COLLEGE AVE SAINT JOSEPH MN 56374 ANNE OBERMAN CFO 3203635999 2024-05-15 true Anne Oberman 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-05-15 2 2022 2023-04-26 12:10:37Z ANNE OBERMAN 37 S COLLEGE AVE SAINT JOSEPH MN 56374 180367801 false X WWW.CSBSJU.EDU X 1913 MN TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. SEE SCHEDULE O. 36 35 1847 1200 423435 85788 17562819 18633532 93795376 91492301 6118406 5668138 497948 3067996 117974549 118861967 43872946 42972018 0 0 36327450 35864466 0 0 2846494 30019237 27908023 110219633 106744507 7754916 12117460 260781367 276372938 52550664 49120593 208230703 227252345 X THE MISSION OF THE COLLEGE OF SAINT BENEDICT IS TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME. false false 81842127 42972018 73958275 HIGHER EDUCATION: EDUCATIONAL INSTRUCTION, 1,454 FALL FTE STUDENTS ENROLLED IN UNDERGRADUATE COURSES, 399 GRADUATES. THE COLLEGE OF SAINT BENEDICT WILL BE NATIONALLY RECOGNIZED AS A COMMUNITY THAT PROVIDES A LIBERAL ARTS EDUCATION PREPARING WOMEN TO THINK CRITICALLY, LEAD COURAGEOUSLY, AND ADVOCATE PASSIONATELY. THE COLLEGE OF SAINT BENEDICT DESIGNS PROGRAMS TO MEET THE NEEDS AND ASPIRATIONS OF YOUNG WOMEN, EMPHASIZING WOMEN'S LEADERSHIP AND A PERSONAL DEVELOPMENT PROFILE THAT INCLUDES INTELLECTUAL, SPIRITUAL EMOTIONAL AND PHYSICAL DEVELOPMENT. ITS VALUES-BASED AND VALUE-ADDED RESIDENTIAL LIBERAL ARTS EDUCATION PROVIDES THE FRAMEWORK FOR FULFILLING LIVES OF DISCIPLINED INQUIRY AND LEADERSHIP IN CAREERS DEVOTED TO THE PROFESSIONS, PUBLIC LIFE AND SERVICE TO OTHERS. 12245972 17110122 HIGHER EDUCATION: AUXILIARY REVENUE (DINING, HOUSING, ETC) 1,454 STUDENTS. THE RESIDENTIAL LIFE PROGRAM AT THE COLLEGE OF SAINT BENEDICT PROVIDES A FOUR-YEAR RESIDENTIAL EXPERIENCE OF COMMUNITY LIVING WHICH SUPPORTS AND CHALLENGES OUR STUDENTS WITH OPPORTUNITIES FOR PERSONAL AND SOCIAL GROWTH. THIS EXPERIENCE ALLOWS WOMEN TO DEVELOP AN UNDERSTANDING AND APPRECIATION OF THEIR RESPONSIBILITIES TO THEMSELVES AND OTHERS LIVING IN THE COMMUNITY ON CAMPUS AND BEYOND. 905543 OTHER PROGRAM SERVICES: FINE ARTS PROGRAMMING AND OTHER STUDENT AND COMMUNITY SERVICES DESIGNED TO FOSTER DEVELOPMENT AND GROWTH OUTSIDE THE CLASSROOM. OUR FINE ARTS EVENTS BRING REGIONAL AND NATIONAL ARTISTS TO OUR COMMUNITY. OTHER PROGRAMS INCLUDE SERVICE TRIPS, CONFERENCES, SERVICE TO OTHER ORGANIZATIONS, AND CAMPUS EVENTS. 94088099 true true false true false false false false true true true true false false true true true false true true true false false false true false false true true true true false false false false false false false false false false true false false false false true false false false true 151 0 true 1847 true true true true JA UK false false false true true false false false false false false X 36 35 false false false false true true true true true false false false true true true true true true true false FL HI IL KY MD MA MI MN NH NY OR PA SC VA X ANNE OBERMAN 3203635999 37 S COLLEGE AVE SAINT JOSEPH MN 56374 BRIAN BRUESS BEG 0722 CSB & SJU PRESIDENT 60.0 0.0 X X 253745 0 36729 SUSAN PALMER END 0622 VP FINANCE AND ADMINISTRATION 50.0 0.0 X 259338 0 13791 CHERYL STANTON GEN. COUNSEL/BOARD SECRETARY 50.0 0.0 X 239849 0 14955 LAURIE HAMEN END 0722 CSB PRESIDENT 60.0 0.0 X 218528 0 32745 MARY GELLER BEG 0922 ASSOCIATE PROVOST 50.0 0.0 X 156665 0 90601 HEATHER PIEPER-OLSON VP INSTITUTIONAL ADVANCEMENT 50.0 0.0 X 181167 0 35898 NATHAN DEHNE END 0722 SENIOR ENROLLMENT OFFICER 50.0 0.0 X 115182 0 79180 JODY TERHAAR DEAN OF STUDENTS 50.0 0.0 X 125403 0 59038 CASEY GORDON CIO 50.0 0.0 X 137583 0 44925 ANNE OBERMAN CHIEF FINANCIAL OFFICER 50.0 0.0 X 138934 0 36526 PAMELA BACON BEG 0822 ASSOC. PROVOST/DEAN OF FACULTY 50.0 0.0 X 129435 0 32065 KATHARINE ALVINO VP MARKETING & COMMUNICATIONS 50.0 0.0 X 149813 0 10603 LEANNE STEWART BOARD CHAIR 6.0 0.0 X X 0 0 0 GRETCHEN AGEE TRUSTEE 2.0 0.0 X 0 0 0 CORIE BARRY TRUSTEE 3.0 0.0 X 0 0 0 SCOTT BECKER TRUSTEE 2.0 0.0 X 0 0 0 KATIE BOYLAN TRUSTEE 2.0 0.0 X 0 0 0 BARBARA BRANDES TRUSTEE 2.0 0.0 X 0 0 0 TERRY DOLAN TRUSTEE 2.0 0.0 X 0 0 0 S MARY DOMBOVY OSB TRUSTEE 2.0 0.0 X 0 0 0 SANDY FORSTER TRUSTEE 2.0 0.0 X 0 0 0 PHILIP GALANIS TRUSTEE 2.0 0.0 X 0 0 0 JOE HOESLEY TRUSTEE 3.0 0.0 X 0 0 0 MARY KRAMER TRUSTEE 2.0 0.0 X 0 0 0 MICHELE MARTIN TRUSTEE 2.0 0.0 X 0 0 0 BRIAN MCGRANE TRUSTEE 3.0 0.0 X 0 0 0 GREG MELSEN TRUSTEE 2.0 0.0 X 0 0 0 BENNETT MORGAN BOARD VICE CHAIR 4.0 0.0 X X 0 0 0 LYNN MYHRAN TRUSTEE 3.0 0.0 X 0 0 0 TOM NICOL TRUSTEE 3.0 0.0 X 0 0 0 MARILYN PORTER TRUSTEE 2.0 0.0 X 0 0 0 CHIP RAY TRUSTEE 3.0 0.0 X 0 0 0 DAVE ROBERTS TRUSTEE 3.0 0.0 X 0 0 0 CAROL SCHLEIF TRUSTEE 3.0 0.0 X 0 0 0 DANIEL SCOTT TRUSTEE 2.0 0.0 X 0 0 0 KELLY SKALICKY TRUSTEE 2.0 0.0 X 0 0 0 GREG SOUKUP TRUSTEE 3.0 0.0 X 0 0 0 MARY THOMPSON TRUSTEE 2.0 0.0 X 0 0 0 JONA VAN DEUN TRUSTEE 2.0 0.0 X 0 0 0 DAN WHALEN TRUSTEE 2.0 0.0 X 0 0 0 S MICHAELA HEDICAN OSB TRUSTEE 2.0 40.0 X 0 0 0 S NINA LASCESKI OSB TRUSTEE 2.0 40.0 X 0 0 0 S MARY REUTER OSB TRUSTEE 2.0 40.0 X 0 0 0 BR DENNIS BEACH OSB TRUSTEE 2.0 0.0 X 0 0 0 BR BENEDICT LEUTHNER OSB TRUSTEE 2.0 0.0 X 0 0 0 BR AELRED SENNA OSB TRUSTEE 2.0 0.0 X 0 0 0 ED BONACH TRUSTEE 2.0 0.0 X 0 0 0 2105642 0 487056 28 true true false CULTURAL EXPERIENCES ABROAD INC 702 E OSBORN ROAD STE 200 PHOENIX AZ 85014 STUDENT STUDY ABROAD 869255 LATHROP GPM LLP PO BOX 7410148 CHICAGO IL 60674 LEGAL 591842 UNIVERSITY OF MINNESOTA PO BOX 1450 MINNEAPOLIS MN 55485 STUDENT SERVICES 392289 GRANITE CITY ROOFING INC PO BOX 1482 ST CLOUD MN 56302 CONSTRUCTION 379482 MEKETA FIDUCIARY MGMT 80 University Ave WESTWOOD MA 02090 INVESTMENT SERVICES 321985 29 26930 11605 1704153 16890844 1546623 18633532 TUITION AND FEES 611310 74798527 74798527 AUXILIARY REVENUE 721310 15788231 15383706 404525 OTHER SOURCES - FINE ARTS 711190 905543 820238 85305 91492301 1272250 -66395 1338645 0 0 0 0 0 64319302 735235 60658649 0 3660653 735235 4395888 4395888 6370 26930 6933 -563 -563 0 0 0 1321891 840252 481639 481639 INSURANCE PROCEEDS 611710 2586920 2586920 2586920 118861967 91484110 423435 8320890 8000 8000 42964018 42964018 0 0 2439450 519861 1573426 346163 0 23996892 20826860 1922370 1247662 1734600 1400648 229374 104578 5671144 4025320 1406737 239087 2022380 1633024 267428 121928 514319 40055 321192 153072 259508 259508 60798 60798 97965 97965 0 321192 321192 0 493837 163102 330735 1109340 880405 98421 130514 1562282 1392008 86696 83578 0 5371777 4567025 804752 1034027 943692 37040 53295 0 426049 36465 67326 322258 1473704 1165528 308176 0 6781901 5871416 910485 704807 314120 390687 UBI TAX 11418 11418 STUDENT PROGRAMMING 5673960 5673960 TRAINING AND DEVELOPMENT 465754 259914 177974 27866 EQUIP REPAIR AND MAINTENANCE 1295826 1175264 120562 249559 227414 5652 16493 106744507 94088099 9809914 2846494 0 0 30744767 33677960 5317690 5719438 408050 568591 0 0 0 0 1770219 1225744 395356 369612 913687 1268177 199854577 93344801 110038112 106509776 29028936 38121089 81764839 86306221 0 0 0 0 399711 2606330 260781367 276372938 4984611 4560940 0 0 1470240 1059893 39896094 38082002 590522 295163 0 0 5204 0 0 0 5603993 5122595 52550664 49120593 X 103694727 107382903 104535976 119869442 208230703 227252345 260781367 276372938 X 12117460 6732003 172179 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 97965 97965 false Schedule C, Part II-B, Line 1 College of Saint Benedict 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. college of saint benedict paid membership dues to mpcc in the amount of $123,062 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 between lobbying and nonlobbying activities. mpcc has determined that the amount of the group 2 expenses represents 80.30% of the amount of the dues that mpcc collected in the same taxable year. assuming that all group 2 expenses were from member dues, and allocating those expenses pro rata based on the dues paid by each member, $97,965 of college of saint benedict's dues were used to pay group 2 expenses. the amount of lobbying expenses paid from college of saint benedict's dues was significantly less than that amount. false true X 102989504 8509169 10811868 2430894 1524023 321192 118034432 111096479 5482074 -9491395 2369555 1324052 404047 102989504 86715330 4761625 23417921 2243381 1225559 329457 111096479 83506118 2854684 3759766 1910623 1258162 236453 86715330 78104907 3870179 4000196 1545686 678668 244810 83506118 0.08950 0.68210 0.22840 false false 1034602 1034602 148949386 61592428 87356958 37278094 25462422 11815672 12592495 6289951 6302544 106509776 GLOBAL EQUITY FUNDS 51903061 F HEDGE FUND OF FUNDS 8376744 F PRIVATE PARTNERSHIP 17865940 F FOR OTHERS 840513 F FIXED INCOME FUNDS 4021675 F REAL ESTATE FUNDS 3298288 F 86306221 0 ANNUITIES PAYABLE 382660 GOV'T GRANTS REPAYABLE 1891811 STUDY ABROAD DEPOSITS 705460 ASSET RETIREMENT OBLIGATION 1657332 OPERATING LEASE LIABILITY 485332 5122595 83320124 6732003 847185 7579188 75740936 321192 42799839 43121031 118861967 64298482 847185 847185 63451297 321192 42972018 43293210 106744507 FORM 990, SCHEDULE D, PART IV, LINE 2B THE COLLEGE'S FUNDS HELD FOR OTHERS INCLUDE PART OF A DESIGNATED GIFT AND STUDENT GROUP FUNDS. FORM 990, SCHEDULE D, PART V, LINE 4 ENDOWMENT DRAW IS USED TO FUND STUDENT SCHOLARSHIPS AND ACADEMIC PROGRAMS. FORM 990, SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI RECONCILIATION OF REVENUE: LINE 2D: DIRECT FUNDRAISING EXPENSES $ 6,933 COST OF GOODS SOLD $ 840,252 TOTAL $ 847,185 LINE 4B: STUDENT FINANCIAL AID $42,972,018 ADJUSTMENT OF ACTUARIAL LIABILITY $ 172,179 TOTAL $42,799,839 FORM 990, SCHEDULE D, PART XII RECONCILIATION OF EXPENSES: LINE 2D: DIRECT FUNDRAISING EXPENSES $ 6,933 COST OF GOODS SOLD $ 840,252 TOTAL $ 847,185 LINE 4B: STUDENT FINANCIAL AID $42,972,018 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 COLLEGE OF SAINT BENEDICT INCLUDES RACIALLY NONDISCRIMNATORY POLICIES IN NEWSPAPER AND ONLINE PUBLICATIONS FOR JOB SEARCHES AND PUBLICATIONS THAT GO OUT TO CURRENT, FORMER, AND POTENTIAL STUDENTS. IN ADDITION, THESE POLICIES ARE INCLUDED IN ALL PRINTED MATERIALS AS WELL AS ON THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6A COLLEGE OF SAINT BENEDICT RECEIVES FINANCIAL AID FOR STUDENTS FROM FEDERAL AND STATE SOURCES. CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES STUDENT PROGRAMS 30566 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES STUDENT PROGRAMS 78941 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 15 PROGRAM SERVICES STUDENT PROGRAMS 1056057 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT PROGRAMS 13086 NORTH AMERICA 0 1 PROGRAM SERVICES STUDENT PROGRAMS 17664 SOUTH AMERICA 0 1 PROGRAM SERVICES STUDENT PROGRAMS 110830 SUB-SAHARAN AFRICA 0 4 PROGRAM SERVICES STUDENT PROGRAMS 94459 Central America and the Caribbean 0 0 Investments 18275450 0 25 0 25 19677053 19677053 true false true false true false SCHEDULE F, PART IV, LINE 3 THE COLLEGE HELD AN OWNERSHIP INTEREST IN A FOREIGN CORPORATION DURING THE TAX YEAR. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENT OF FORM 5471 AS A RESULT OF THE OWNERSHIP. THE COLLEGE ALSO HELD AN OWNERSHIP INTEREST IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENT OF FORM 8865 AS A RESULT OF THE OWNERSHIP. CAMPBELL AND COMPANY CAMPAIGN ASSISTANCE false GOLF CLASSIC 33300 26930 6370 5280 1653 0 33300 26930 6370 5280 1653 6933 -563 true Greater St Cloud Development Corporation 1010 W St Germain St Ste 250 St Cloud MN 56301 452050341 501(c)(3) 8000 Community Development 1 TUITION AND FEE SCHOLARSHIPS 1475 42964018 SCHEDULE I, PART I, LINE 2 DOCUMENTATION IS MAINTAINED WHICH SUBSTANTIATES ELIGIBILITY AND THE AMOUNT OF ASSISTANCE GIVEN TO STUDENTS. NEED BASED ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED USING VARIOUS FACTORS TO ASSESS ACADEMIC PERFORMANCE OF THE STUDENT. X X true true X X X X X X true false false false false false false false false SUSAN PALMER END 0622 VP FINANCE AND ADMINISTRATION 147244 0 0 0 112094 0 13252 0 539 0 273129 0 BRIAN BRUESS BEG 0722 CSB & SJU PRESIDENT 218239 0 29069 0 6437 0 2250 0 34479 0 290474 0 CHERYL STANTON GEN. COUNSEL/BOARD SECRETARY 235761 0 0 0 4088 0 2415 0 12540 0 254804 0 LAURIE HAMEN END 0722 CSB PRESIDENT 188280 0 22500 0 7748 0 5737 0 27008 0 251273 0 ANNE OBERMAN CHIEF FINANCIAL OFFICER 137754 0 0 0 1180 0 13294 0 23232 0 175460 0 KATHARINE ALVINO VP MARKETING & COMMUNICATIONS 149373 0 0 0 440 0 2528 0 8075 0 160416 0 CASEY GORDON CIO 135132 0 2250 0 201 0 13141 0 31784 0 182508 0 PAMELA BACON BEG 0822 ASSOC. PROVOST/DEAN OF FACULTY 129031 0 0 0 404 0 12284 0 19781 0 161500 0 JODY TERHAAR DEAN OF STUDENTS 124249 0 0 0 1154 0 10792 0 48246 0 184441 0 NATHAN DEHNE END 0722 SENIOR ENROLLMENT OFFICER 114785 0 45 0 352 0 8316 0 70864 0 194362 0 HEATHER PIEPER-OLSON VP INSTITUTIONAL ADVANCEMENT 170738 0 10000 0 429 0 16024 0 19874 0 217065 0 MARY GELLER BEG 0922 ASSOCIATE PROVOST 155587 0 0 0 1078 0 14585 0 76016 0 247266 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE: THE COLLEGE PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR THE PRESIDENT. THE RESIDENCE IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF EMPLOYMENT, AND IS CONTIGUOUS TO THE COLLEGE'S CAMPUS. HOUSING IS SUPPLIED TO THE GENERAL COUNSEL/BOARD SECRETARY AND IS CONSIDERED A TAXABLE BENEFIT, INCLUDED IN TAXABLE COMPENSATION. TRAVEL FOR COMPANION: TRAVEL FOR THE PRESIDENT'S SPOUSE IS OCCASSIONALLY PROVIDED IF IT SERVES THE BUSINESS PURPOSE OF THE COLLEGE TO HAVE HER ACCOMPANY THE PRESIDENT. IF IT SERVES A BUSINESS PURPOSE, IT IS NOT INCLUDED IN TAXABLE INCOME FOR THE PRESIDENT. SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS: SUSAN PALMER: $108,947 SCHEDULE J, PART II, COLUMN D NONTAXABLE BENEFITS: COLUMN D INCLUDES TUITION REMISSION BENEFITS FOR ONE OR MORE FAMILY MEMBERS OF NATHAN DEHNE, JODY TERHAAR, AND MARY GELLER. A 7T MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HZX5 2013-01-23 5235000 REFINANCE 5W BONDS, ORIGINALLY FOR false false false C 8K MN Higher Education Facilities Authority 410988525 60416HX90 2016-04-21 36875279 Finance renovation projects and at false false false D 17A MN HIGHER EDUCATION FACILITIES BOARD 410988525 60416JAR1 2017-12-29 8605000 Refinance 6V and advance refunding false false false A 4740000 0 5235000 0 0 0 91951 0 0 5235000 0 0 2013 false false true true C 4280000 0 36875279 2267072 529940 0 304929 0 0 0 0 0 2019 false false false true D 2130000 0 9044135 0 0 8874859 167615 0 0 0 1661 0 2018 true true true true A false false false false 0 false false false true C false false false false 0 0.01000 0.01000 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true C true D true SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: 2013 MN HIGHER EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: REFINANCE 5W BONDS, ORIGINALLY FOR VAR. STUDENT HOUSING REMODELING PROJECTS (A) ISSUER NAME: 2016 MN HIGHER EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: FINANCE RENOVATION PROJECTS AND ATHLETIC FIELDS SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: 2013 MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2017 X 8 176623 AVG HIGH AND LOW X 1 1370000 APPRAISAL false true true SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). SCHEDULE M, PART I, LINE 9 SECURITIES - PUBLICLY TRADED: NONCASH CONTRIBUTIONS ON SCHEDULE M ARE REPORTED IN THE YEAR RECEIVED. PUBLICLY TRADED SECURITIES IN THE AMOUNT OF $29,631 RECEIVED WERE PLEDGE PAYMENTS THAT WERE RECORDED AS REVENUE ON PART VIII OF THE FORM 990 IN A PREVIOUS YEAR. SCHEDULE M, PART I, LINE 32B USE OF THIRD PARTIES: REAL ESTATE BROKERS, APPRAISERS, AND ATTORNEYS ARE CONSULTED WHEN GIFTS OF PROPERTY ARE RECEIVED. FORM 990, PART I, LINE 1 DESCRIPTION OF THE ORGANIZATION MISSION: THE MISSION OF THE COLLEGE OF SAINT BENEDICT IS TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME. FORM 990, PART VI, SECTION A, LINE 1A & 1B VOTING MEMBERS WHO ARE NOT INDEPENDENT: BRIAN BRUESS, THE CSB PRESIDENT, IS THE ONLY VOTING MEMBER OF THE GOVERNING BODY THAT WAS NOT INDEPENDENT AT THE END OF THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 6 BOARD OF TRUSTEES: THE MEMBERS OF THE CORPORATION SHALL CONSIST OF THE OFFICERS OF THE SISTERS OF THE ORDER OF SAINT BENEDICT AND ARE REFERRED TO AS THE CORPORATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WITH THE POWER TO ELECT OR APPOINT OTHER MEMBERS: AS STATED IN THE ARTICLES OF INCORPORATION, THE CORPORATE MEMBERS RETAIN THE FOLLOWING RESERVED POWERS 1) APPOINT THOSE PERSONS WHO SERVE AS VOTING MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS RESERVED TO MEMBERS OTHER THAN THE GOVERNING BODY: AS STATED IN THE ARTICLES OF INCORPORATION, THE CORPORATE MEMBERS RETAIN THE FOLLOWING RESERVED POWERS 1) APPOINT THOSE PERSONS WHO SERVE AS VOTING MEMBERS OF THE BOARD OF TRUSTEES 2) APPROVE ANY MERGER, ACQUISITION, OR DISSOLUTION OF THE CORPORATION 3) APPROVE THE SALE OR ENCUMBRANCE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION 4) AMEND THE ARTICLES OF INCORPORATION OR 5) MAKE AND AMEND THE BYLAWS OF THE CORPORATION. THE CORPORATE MEMBERS ARE THE SISTERS OF THE ORDER OF SAINT BENEDICT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE CHAIR REVIEWED THE FULL DISCLOSURE COPY OF THE FORM 990. THE SUBCOMMITTEE OF THE BOARD OF TRUSTEES KNOWN AS THE AUDIT COMMITTEE REVIEWED THE PUBLIC DISCLOSURE COPY OF FORM 990 DURING THE SPRING MEETING PRIOR TO FILING THE FORM AND THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS MADE AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES, EXECUTIVE OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DESIGNATED POWERS. EACH COVERED PERSON IS REQUIRED TO ANNUALLY SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED, READ AND UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST FULLY DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD CHAIR. AFTER FULL DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON AND THE INTERESTED PERSON WISHES TO PROCEED WITH THE DISCLOSED MATTER, THE BOARD CHAIR WILL REFER TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR ITS DETERMINATION TO WHETHER OR NOT A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR EXECUTIVE COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE INTERESTED TRUSTEE IS NOT COUNTED FOR DETERMINING THE PRESENCE OF A QUORUM. THE MINUTES OF THE BOARD AND THE EXECUTIVE COMMITTEE DOCUMENT ALL PROCEEDINGS RESULTING FROM POTENTIAL OR ACTUAL CONFLICTS OF INTEREST INCLUDING THE NAMES OF THE PERSONS WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST EXISTED. THE MINUTES ALSO REPORT THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A &15b PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: IN ACCORDANCE WITH THE EMPLOYEE HANDBOOK, THE COMPENSATION PLAN IS DESIGNED TO ENSURE POSITIONS ARE COMPETITIVELY VALUED RELATIVE TO COMPARABLE JOBS IN THE MARKET. THE HUMAN RESOURCES DEPARTMENT DOES A COMPARISON OF JOB DESCRIPTIONS TO POSITION DESCRIPTIONS IN THE MARKETPLACE ANNUALLY. THE COMPARISON FOR ADMINISTRATIVE AND SUPPORT STAFF POSITIONS ARE APPROVED BY THE PRESIDENT OR BOARD OF TRUSTEES AND A SALARY RANGE IS CREATED BASED ON THIS COMPARISON. FACULTY SALARIES ARE COMPARED TO A MARKET BASKET OF SIMILAR INSTITUTIONS. SALARIES FOR THE PRESIDENT, THE PROVOST, AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE REVIEWED AND DETERMINED BY THE BOARD OF TRUSTEES. THE POSITIONS ARE COMPARED TO SIMILAR INSTITUTIONS OF HIGHER EDUCATION WITH RESPECT TO ENROLLMENT, BUDGET, AND CARNEGIE CLASSIFICATION FOUND IN THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION SALARY SURVEY. THE EXECUTIVE COMPENSATION COMMITTEE, A SUB COMMITTEE OF THE BOARD OF TRUSTEES, CONDUCTED THE MOST RECENT REVIEW IN JUNE OF 2022. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC BUT WOULD BE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9 CHANGES IN NET ASSETS: ADJUSTMENT OF ACTUARIAL LIABILITY $172,179 SISTERS OF THE ORDER OF SAINT BENEDICT 104 CHAPEL LANE ST JOSEPH MN 56374 410695523 MONASTERY MN 501 (C) (3) 1 NA false ST JOHN'S UNIVERSITY 2850 ABBEY PLAZA PO BOX 7222 COLLEGEVILLE MN 56321 453656162 HIGHER EDUC. MN 501 (C) (3) 2 NA false Life Estate (1) Life Estate NY Trust false false false true false true false false false false false true false false true true false true false false