2024-04-15T09:27:41+00:00 2023-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-06-01 350868158 The Corporation of Saint Mary's College Notre Dame CORP 5742844731 153 LEMANS HALL NOTRE DAME IN 465565001 Peter Christensen VP for Strategy and Finance 2024-04-15 true Peter Christensen 999009999 JENNIFER BURKE P01342224 3128997000 2022 2023-04-26 12:10:37Z Sheila Katherine Conboy 153 LEMANS HALL NOTRE DAME IN 465565001 136230160 false 0928 X www.saintmarys.edu X 1972 IN Founded by the Sisters of the Holy Cross in 1844, Saint Mary's College promotes a life of intellectual vigor, aesthetic appreciation, religious sensibility, and social responsibility. Saint Mary's is a Catholic, residential, women's, liberal arts college offering undergraduate degrees and co-educational graduate programs. A pioneer in the education of women, the College fosters an inclusive, academic community where students discover and develop their talents as they prepare to make a difference in the world. All members of the College contribute to this mission in their response to the complex needs and challenges of contemporary life. 33 31 1474 125 347220 0 23835583 20902185 84693644 89041131 31470667 15989479 3002779 1182828 143002673 127115623 40587975 42592917 0 36276864 38268226 0 4350576 28984662 31372399 105849501 112233542 37153172 14882081 523384557 485200116 91341659 87696606 432042898 397503510 THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) IS A CATHOLIC, RESIDENTIAL, WOMEN'S, LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE DEGREES AND CO-EDUCATIONAL GRADUATE PROGRAMS. (CONTINUED IN SCHEDULE O) false false 99102363 42592917 88748553 AS A CENTER OF HIGHER EDUCATION, THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) FOSTERS AN ACADEMIC CLIMATE OF SCHOLARSHIP AND LEARNING FOR FACULTY AND STUDENTS ALIKE. THROUGH EXCELLENCE IN TEACHING AND THE EXAMPLE OF ITS OWN ACTIVE SCHOLARSHIP, THE FACULTY CHALLENGES STUDENTS TO EXPAND THEIR HORIZONS AND SUPPORTS THEM IN THEIR INTELLECTUAL PURSUITS. A BROAD-BASED COURSE OF STUDY INVITES STUDENTS TO THINK CRITICALLY AND CREATIVELY ABOUT THE NATURAL WORLD AND HUMAN CULTURE. ACKNOWLEDGING THE NEED TO PREPARE WOMEN FOR AN ARRAY OF CAREERS, SAINT MARY'S INSISTS ON A LIBERAL ARTS FOUNDATION FOR ALL ITS STUDENTS. THROUGH THEIR YEARS AT SAINT MARY'S, STUDENTS ACQUIRE DEPTH AND BREADTH OF KNOWLEDGE, COMPETENCE IN QUANTITATIVE SKILLS AND MODERN LANGUAGES, THE ABILITY TO THINK CLEARLY ABOUT COMPLEX PROBLEMS, AND THE CAPACITY TO COMMUNICATE WITH PRECISION AND STYLE. (CONTINUED IN SCHEDULE O) 99102363 true true false true false false true false true true true false false true true true false true true true false true false false false false false true true true false false false false false false true false false false true false false false false true false false false true X 2175 0 true 1474 true true true true CJ false false false false false false false false false false X 33 31 true false false false false true false true true false false false true true true true true true true false CA CO DC IN MD MA MI SC X JENNIFER MILLAR 5742844731 153 LEMANS HALL NOTRE DAME IN 46556 COLLEEN FLYNN ROOHAN SECRETARY 2.0 X X 0 0 0 JILL M TIEFENTHALER VICE CHAIR 2.0 X X 0 0 0 Maureen Karnatz Smith CHAIR 2.0 X X 0 0 0 MICHAEL J MATHILE TREASURER 2.0 X X 0 0 0 SHEILA CONBOY President 50.0 X X 425237 0 56158 AMY C SHELLY Trustee 2.0 X 0 0 0 Christine Ashford Swanson Trustee 2.0 X 0 0 0 DONALD R FISCHER Trustee 2.0 X 0 0 0 Eileen Gallagher Loranger Trustee 2.0 X 0 0 0 Elizabeth Mendez Student Trustee 2.0 X 926 0 0 FR STEPHEN KATSOUROS SJ Trustee 2.0 X 0 0 0 GREGOIRE GALLANT Trustee 2.0 X 0 0 0 Jacqueline Leskovec Trustee 2.0 X 0 0 0 JENNIFER MATHILE PRIKKEL Trustee 2.0 X 0 0 0 JOSEPH A MILLER Trustee 2.0 X 0 0 0 KATHLEEN MURPHY VILLANO Trustee 2.0 X 0 0 0 KIMBERLYN MARTIN TROY Trustee 2.0 X 0 0 0 LINDA SCHULTZ SALVI Trustee 2.0 X 0 0 0 Lorraine Sheehan Wilson Trustee 2.0 X 0 0 0 MARY MCENERY HARDING Trustee 2.0 X 0 0 0 MICHAEL SCHMITT Trustee 2.0 X 0 0 0 RENEE SCHULTZ Trustee 2.0 X 0 0 0 REVEREND PAUL KOLLMAN CSC Trustee 2.0 X 0 0 0 SIST ESTHER ADJOA ENTSIWAH CSC Trustee 2.0 X 0 0 0 SIST JUDITH HALLOCK CSC Trustee 2.0 X 0 0 0 SISTER TAPOSI GOMES CSC Trustee 2.0 X 0 0 0 SISTER VANESSA CRUZ FERREIRA CSC Trustee 2.0 X 0 0 0 SISTER VERONICA A FAJARDO CSC TRUSTEE 2.0 X 0 0 0 SISTER VERONIQUE WIEDOWER CSC Trustee 2.0 X 0 0 0 SUSAN B OLNEY LATHAM Professor/Trustee 52.0 X 91252 0 45339 THERESA SULLIVAN NORTON Trustee 2.0 X 0 0 0 Tina Patton Trustee 2.0 X 0 0 0 WILLIAM J SCHMUHL JR Trustee Emeritus 2.0 X 0 0 0 Barbara May PROVOST AND SENIOR VP 50.0 X 85384 0 4311 Dana Strait Vice President, Strategy & Finance 50.0 X 205862 0 29329 Gloria Jenkins INTERIM VICE PRESIDENT FOR STUDENT AFFAIRS 50.0 X 0 0 0 Holly Johnson Vice President for Advancement 50.0 X 205000 0 11817 Julianne Wallace Vice President for Mission 50.0 X 53973 0 11041 Lori Johnson Vice President for Student Enrollment and Engagement 50.0 X 113044 0 25838 Redgina Hill Vice President for Inclusion and Equity 50.0 X 101552 0 35717 Titilayo Ufomata PROVOST AND SENIOR VP 50.0 X 0 0 0 Todd Norris CHIEF INFORMATION OFFICER 50.0 X 111837 0 37185 Colleen M Hoover Associate Provost & Dean of Graduate Studies 50.0 X 111701 0 39960 Elizabeth G Koultourides Director of Development 50.0 X 122935 0 24847 Janice Cervelli Professor/Former President 50.0 X 107704 0 25929 Mona Bowe Executive Director of Retention Strategy 50.0 X 146211 0 43184 Sue Anderson DNP Program Coordinator 50.0 X 139492 0 17990 2022110 0 408645 26 false true false Ziolkowski Construction Inc 4050 Ralph Jones Dr South Bend IN 46628 Construction Services 1670204 Mythics Inc 4525 Main St Ste 1500 Virginia Beach VA 23462 Technology Consulting 713967 EAB PO Box 603519 Charlotte NC 282603519 Enrollment Consulting 489488 Dynamic Mechanical Services Inc 1606 Chestnut St Mishawaka IN 46545 Construction Services 429231 Mougin Roofing LLC 9325 North 850 East New Carlisle IN 46552 Construction Services 417982 31 15000 3705437 17181748 1001842 20902185 Student tuition and fees 611710 71778986 71778986 Room and board 611710 16372731 16372731 Camps/events & conferences/athletics 713990 889414 596836 292578 0 0 0 0 89041131 5017356 54642 4962714 9806 9806 0 9806 9806 20086660 9114537 10972123 0 10972123 10972123 Alumnae Reunion 721000 364625 364625 Vending/food services 721000 264922 264922 Commissions and other fees 721000 149235 149235 394240 0 0 394240 1173022 127115623 88748553 347220 17117665 42576217 42576217 16700 16700 2527513 2050655 297743 179115 26756285 21708259 3151916 1896110 1584261 1285364 186627 112270 5503619 4465268 648332 390019 1896548 1538732 223415 134401 57804 57804 117247 117247 21337 21337 11135972 9034983 1311828 789161 566754 459826 66764 40164 2122471 1722031 250029 150411 3053549 2477445 359711 216393 1145113 929068 134895 81150 269968 219034 31802 19132 2729444 2214488 321531 193425 6326610 5888484 424683 13443 757309 757309 Foreign Programs 861654 861654 Memberships and Dues 234370 190152 27609 16609 Bank fees and other charges 88384 88384 Faculty and staff development 208400 104200 104200 1676013 1359803 197437 118773 112233542 99102363 8780603 4350576 4775 4775 15283293 4021747 3938655 10226100 4247375 6219402 0 0 0 0 619122 410733 61650 66688 393392 944418 258181066 129113389 129939899 129067677 5852729 5090966 355706063 325660727 0 7337604 3486883 523384557 485200116 9466680 7780153 3125314 2535506 5539766 6491522 72437545 70373351 0 0 0 772354 516074 91341659 87696606 X 209598072 196566605 222444826 200936905 0 0 0 432042898 397503510 523384557 485200116 X 14882081 -50149726 728257 X false true X true true true X 13538234 11536506 19297898 23835583 20902185 89110406 0 0 0 0 0 0 0 0 0 0 13538234 11536506 19297898 23835583 20902185 89110406 4240567 84869839 1887195 1203339 4351902 5196217 5017356 17656009 0 0 0 0 0 0 367563 277577 203106 2134296 1173022 4155564 110921979 415216403 0.7651 0.761 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - COPIERS/PRINTING/LOFTS/PARKING/COMMISSIONS/OTHER FEES, COLUMN A - 97924.0, COLUMN B - 77104.0, COLUMN C - 88925.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 263953.0; DESCRIPTION - LAUNDRY/VENDING/OTHER FOOD SERVICES, COLUMN A - 269639.0, COLUMN B - 200473.0, COLUMN C - 114181.0, COLUMN D - 359715.0, COLUMN E - 264922.0, COLUMN F - 1208930.0; DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 1774581.0, COLUMN E - 394240.0, COLUMN F - 2168821.0; DESCRIPTION - COMMISSION AND OTHER FEES, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 149235.0, COLUMN F - 149235.0; DESCRIPTION - ALUMNAE REUNION, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 364625.0, COLUMN F - 364625.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 567 567 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE ORGANIZATION PAYS DUES TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES AND TO INDEPENDENT COLLEGES OF INDIANA. A PORTION OF THOSE DUES IS USED FOR LOBBYING. 0 401690 X X false 330806222 11193607 -32575344 5553385 5774405 298096695 282319087 9772208 49561226 5213749 5632550 330806222 198707916 6578487 89983496 4517355 8433457 282319087 201131308 4655740 1775245 4126468 4727909 198707916 194387661 6795427 8705928 3815385 4942323 201131308 0.3827 0.333 0.2843 true false 9810412 9810412 198036421 87846922 110189499 9255517 5507318 3748199 40677026 35759149 4917877 401690 0 401690 129067677 Beneficial interest in community foundation & perpetual trusts 1866008 F Alternative investments 1940830 F RELIGIOUS AFFILIATE ENDOWMENT FUND POOL 316561070 F Catholic Endowment Fund 4667141 F Certificates of Deposit 625678 F 325660727 Advances for federal student loans 516074 516074 X 35101237 -50149726 728257 -49421469 84522706 42592917 42592917 127115623 69640625 0 0 69640625 42592917 42592917 112233542 Schedule D, Part III, Line 4 Collections of art - description of collections The organization's collections of art consist primarily of donated works of art that are on display in public spaces. These works of art are intended to provide a welcoming environment for students, faculty, and visitors, which is in line with the organization's mission. The organization also maintains a collection of rare historical books, which further the organization's religious and educational mission. Schedule D, Part V, Line 4 Intended uses of endowment funds The purpose of the endowment fund is to provide funds to underwrite the educational needs of current and future generations of students while enhancing the well being of the college. To satisfy its long-term rate-of-return objectives, the college combines the goal of total return and preservation of capital with prudent risk tolerance in order to allow investment managers the opportunity to achieve investment results consistent with the financial objectives of the endowment fund and in a manner consistent with the Catholic values of the college. The college targets diversified asset allocation in order to manage downside volatility and risk while achieving the endowment's return objectives. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined that the College is a tax exempt, not-for-profit organization as defined in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the College is generally not subject to federal or state income taxes except for certain income derived from unrelated business activities as defined by the IRC. Any such taxes resulting from unrelated business activities are insignificant to the operations of the College. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not to be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at May 31, 2022 and 2021. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College is unaware of any interest and penalties related to unrecognized tax benefits and no amounts have been accrued for interest or penalties as of May 31, 2023 and 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Post retirement benefit changes other than net periodic benefit cost - 761042 Net periodic benefit cost - -32785 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 42592917 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 42592917 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 Policy is clearly outlined in the College's Statement of Philosophy and Purpose. This statement is included in the College's Bulletin and numerous other publications made available to students. The policy is also posted publicly on the College's website. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES IN THE FORM OF SCHOLARSHIP AND GRANT FUNDS FOR STUDENTS' TUITION AND RELATED EXPENSES. true Europe (Including Iceland and Greenland) 0 1 Program Services INTERNATIONAL STUDY ABROAD PROGRAMS 1178960 East Asia and the Pacific 0 0 Program Services INTERNATIONAL STUDY ABROAD PROGRAMS 12638 Sub-Saharan Africa 0 0 Program Services INTERNATIONAL STUDY ABROAD PROGRAMS 34115 Central America and the Caribbean 0 0 Investments 113400 South America 0 0 Program Services INTERNATIONAL STUDY ABROAD PROGRAMS 878 0 1 0 0 0 1 1339991 0 1339991 NEED-BASED SCHOLARSHIP Europe (Including Iceland and Greenland) 10 16700 CREDITED TO STUDENT ACCOUNT true false true true false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds A list of scholarship recipients is on file at the institution. Although there may be recipients who are related to persons having an interest in the institution, such recipients are selected on an equal, objectively determinable basis with other recipients. Saint Mary's College is committed to making it possible for qualified students to enroll at the college regardless of financial circumstances. As part of this commitment, Saint Mary's College offers various levels of academic scholarships, need-based scholarships and institutional grants. Academic scholarship recipients are selected at the time of admission, on the basis of their academic achievements in high school. Need-based scholarships are named for a specific donor or group, and are awarded as part of need-based institutional grant assistance, in accordance with the specific requirements of the scholarship donor. Institutional grants are awarded primarily on financial need as the College is committed to making a Saint Mary's education a possibility for students who demonstrate financial need; each student who applies for financial aid receives consideration for grant assistance. All students receiving scholarships are judged worthy by the institution's assessment on the basis of academic achievement, financial need or other similar standards. Criteria for all scholarships is published and made available to all students and their families. Grant funds/scholarships are credited directly to a student's account to ensure they are used appropriately and for their intended purpose. 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; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual true MERIT-BASED SCHOLARSHIPS 1354 31270821 NEED-BASED SCHOLARSHIPS 1322 5203307 DONOR RESTRICTED SCHOLARSHIPS 746 6102089 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. A list of scholarship recipients is on file at the institution. Although there may be recipients who are related to persons having an interest in the institution, such recipients are selected on an equal, objectively determinable basis with other recipients. Saint Mary's College is committed to making it possible for qualified students to enroll at the college regardless of financial circumstances. As part of this commitment, Saint Mary's College offers various levels of academic scholarships, need-based scholarships and institutional grants. Academic scholarship recipients are selected at the time of admission, on the basis of their academic achievements in high school. Need-based scholarships are named for a specific donor or group, and are awarded as part of need-based institutional grant assistance, in accordance with the specific requirements of the scholarship donor. Institutional grants are awarded primarily on financial need as the College is committed to making a Saint Mary's education a possibility for students who demonstrate financial need; each student who applies for financial aid receives consideration for grant assistance. All students receiving scholarships are judged worthy by the institution's assessment on the basis of academic achievement, financial need or other similar standards. Criteria for all scholarships is published and made available to all students and their families. Grant funds/scholarships are credited directly to a student's account to ensure they are used appropriately and for their intended purpose. X true true X X X false false false false false false false false false SHEILA CONBOY President 371737 0 0 0 53500 0 27000 0 29158 0 481395 0 0 0 Dana Strait Vice President, Strategy & Finance 205862 0 0 0 0 0 21300 0 8029 0 235191 0 0 0 Holly Johnson Vice President for Advancement 205000 0 0 0 0 0 10250 0 1567 0 216817 0 0 0 Mona Bowe Executive Director of Retention Strategy 146211 0 0 0 0 0 15363 0 27821 0 189395 0 0 0 Sue Anderson DNP Program Coordinator 139492 0 0 0 0 0 12813 0 5177 0 157482 0 0 0 Colleen M Hoover Associate Provost & Dean of Graduate Studies 111701 0 0 0 0 0 12289 0 27671 0 151661 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The President of the College receives a taxable housing allowance. A St Joseph County Indiana 356000194 790608FA6 2017-02-22 29513077 REFUND REMAINING PORTION OF 3/29/2007 BOND ISSUE false false false B St Joseph County Indiana 356000194 790608FR9 2019-10-08 32636758 Finance campus wide capital improvements and related capitalized interest and issuance costs. false false false C ST JOSEPH COUNTY INDIANA 356000194 790608FY4 2020-01-07 19647876 Defease 2010 & 2011 bonds and finance related issuance costs false false false A 8730000 0 29513077 0 0 0 348487 0 0 0 29164590 0 2017 true false true true B 0 0 32636758 0 0 0 286374 0 0 32350384 0 0 2019 false false true true C 0 0 19647876 0 0 0 160357 0 0 0 19487519 0 2020 true false true true A false true false false 0.0 0.0 0.0 false false true B false true false false 0.0 0.0 0.0 false false true C false true false false 0.0 0.0 0.0 false false true A false false true false false false false false true B false true false false false false false false true C false true false false false false false false true A true B true C true Schedule K, Part III, Line 2 Lease arrangements The College's lease arrangements are with its founding religious 501(c)(3) entity, the Congregation of the Sisters of the Holy Cross, for activities that do not result in unrelated business income to the College; therefore, the lease arrangements do not result in private business use. SEE PART V SEE PART V 13750 MERIT-BASED SCHOLARSHIP STUDENT FINANCIAL ASSISTANCE SEE PART V SEE PART V 6550 Donor Restricted Scholarship STUDENT FINANCIAL ASSISTANCE SEE PART V SEE PART V 2000 NEED-BASED ASSISTANCE STUDENT FINANCIAL ASSISTANCE Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 59 1001842 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - number of contributions Form 990, Part III, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART III) A PIONEER IN THE EDUCATION OF WOMEN, THE COLLEGE FOSTERS AN INCLUSIVE, ACADEMIC COMMUNITY WHERE STUDENTS DISCOVER AND DEVELOP THEIR TALENTS AS THEY PREPARE TO MAKE A DIFFERENCE IN THE WORLD. FOUNDED BY THE SISTERS OF THE HOLY CROSS IN 1844, SAINT MARY'S PROMOTES A LIFE OF INTELLECTUAL VIGOR, AESTHETIC APPRECIATION, RELIGIOUS SENSIBILITY, AND SOCIAL RESPONSIBILITY. ALL MEMBERS OF SAINT MARY'S CONTRIBUTE TO THIS MISSION IN THEIR RESPONSE TO THE COMPLEX NEEDS AND CHALLENGES OF CONTEMPORARY LIFE. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III) AS A CATHOLIC COLLEGE, SAINT MARY'S CULTIVATES A COMMUNITY OF INTELLECTUAL INQUIRY, LITURGICAL PRAYER, AND SOCIAL ACTION. SAINT MARY'S CREATES AN OPEN FORUM IN WHICH STUDENTS FREELY AND CRITICALLY STUDY THE RICH HERITAGE OF THE CATHOLIC TRADITION, RAISING THE QUESTIONS NECESSARY TO DEVELOP A MATURE RELIGIOUS LIFE. THE CELEBRATION OF LITURGY ENCOURAGES STUDENTS TO EXPLORE THE FULLNESS OF LIFE AND ITS MYSTERIES. SAINT MARY'S NURTURES AWARENESS AND COMPASSION FOR A TROUBLED WORLD AND CHALLENGES STUDENTS TO PROMOTE HUMAN DIGNITY THROUGHOUT THEIR LIVES. IN PREPARING WOMEN FOR ROLES OF LEADERSHIP AND ACTION, SAINT MARY'S PAYS PARTICULAR ATTENTION TO THE RIGHTS AND RESPONSIBILITIES OF WOMEN IN THE WORLDS OF WORK, CHURCH, COMMUNITY, AND FAMILY. DEDICATED TO THE PERSONAL AND SOCIAL GROWTH OF ITS STUDENTS, SAINT MARY'S CULTIVATES A COMMUNITY OF STUDENTS, FACULTY, AND STAFF, WHICH RESPONDS TO THE NEEDS OF WOMEN. IN ORDER TO OFFER THE RICHEST EDUCATIONAL EXPERIENCE POSSIBLE, SAINT MARY'S STRIVES TO BRING TOGETHER WOMEN OF DIFFERENT NATIONS, CULTURES, AND RACES. IT PROVIDES A RESIDENTIAL ENVIRONMENT WHERE WOMEN GROW IN THEIR APPRECIATION OF THE STRENGTHS AND NEEDS OF OTHERS. THROUGH A HOST OF CO-CURRICULAR PROGRAMS ON CAMPUS AND IN THE LOCAL COMMUNITY, SAINT MARY'S INITIATES STUDENTS IN THE HABITS OF CIVIC RESPONSIBILITY. ENGAGING IN ALL ASPECTS OF THE COLLEGE EXPERIENCE, STUDENTS ACQUIRE THE HALLMARKS OF A LIBERALLY EDUCATED WOMAN: KEEN SELF-KNOWLEDGE, LIVELY IMAGINATION, LIFELONG INTELLECTUAL AND CULTURAL INTERESTS, AND THE ABILITY TO MAKE SOCIALLY RESPONSIBLE CHOICES ABOUT THE FUTURE. CALLED INTO BEING IN RESPONSE TO THE PETITIONS OF PARENTS WHO DESIRED A CHRISTIAN EDUCATION FOR THEIR DAUGHTERS, SAINT MARY'S HAS MET THE RECOGNIZED NEEDS OF EACH GENERATION OF STUDENTS. THEN, AS NOW, A STRONG BACKGROUND IN THE LIBERAL ARTS WAS DEEMED ESSENTIAL FOR WOMEN WHO WERE EDUCATED TO ASSUME LEADERSHIP ROLES IN THE RELIGIOUS, SOCIAL AND ECONOMIC STRUCTURES OF THEIR DAY. TODAY SAINT MARY'S CONTINUES TO FULFILL ITS ONGOING MISSION OF A CATHOLIC WOMEN'S COLLEGE DEDICATED TO THE TOTAL DEVELOPMENT OF ITS STUDENTS. DURING THE FISCAL YEAR ENDED MAY 31, 2023, SAINT MARY'S HAD AN UNDERGRADUATE POPULATION OF 1,395 STUDENTS DURING THE FALL 2022 SEMESTER AND 1,343 STUDENTS DURING THE SPRING 2023 SEMESTER. THE FALL 2022 SEMESTER SAW THE EIGHTH YEAR OF GRADUATE PROGRAMS AT SAINT MARY'S. THE COLLEGE HAD A GRADUATE POPULATION OF 111 STUDENTS DURING THE FALL 2022 SEMESTER AND 106 STUDENTS DURING THE SPRING 2023 SEMESTER. Form 990, Part VI, Line 1a Material differences in voting rights Upon recommendation of the trusteeship committee, trustees who have served with distinction for at least two (2) terms may be elected by the majority of the Board as Trustees Emeriti/Emeritae. Terms shall be three (3) years and shall be renewable for a total of two (3) three-year terms, provided the number of trustees Emeriti/Emeritae does not exceed one-third (1/3) of the total number of Trustees. Except for the Executive Committee and trusteeship Committee, Trustees Emeriti/Emeritae shall be eligible to serve on Board committees, with vote, and shall speak freely at all Board and committee meetings. Trustees Emeriti/Emeritae shall not have voting privileges at board meetings and shall not be counted as part of quorum determinations. Trustees Emeriti/Emeritae shall be sent notices and minutes of all board meetings and shall be encouraged to attend Board meetings or otherwise accept special assignments by the board. Form 990, Part VI, Line 1a Delegate broad authority to a committee Each committee shall have both a Chair and a Vice Chair. The Vice Chair is authorized to conduct a committee meeting in the absence of the Committee Chair. Each committee shall have a written statement of rules and procedure or policy guidelines that it and the Board deem appropriate. Such statements shall be reviewed annually by each committee and the result of such review shall be reported to the Board at its next meeting. Each committee shall conduct its work in a manner consistent with the Catholic identity and mission of the College. Committees may hold an executive session at the end of any meeting if either necessary or desirable. Executive sessions shall include only those members who are voting committee members. As soon as possible after the executive session the Chair (or Vice Chair in the absence of the Chair) will report to the Chair of the Board and the President on the matters discussed or motions approved during the meeting and in executive session. With the exception of the Executive Committee or except as otherwise provided in the College's bylaws, no standing or ad hoc committee shall have the power to act on behalf of the board. The Executive Committee shall include among its membership the Chair (who shall act as Chair of this committee), the President, a Class One trustee (as defined in the corporation's bylaws), the Vice Chair, Secretary and Treasurer of the Board, and the Chairs of the standing committees. If at least three (3) members of this committee are not trustees who are members of the Congregation, the Chair shall appoint additional Trustee members of the Congregation sufficient to bring the Congregation representation to three (3). The Executive Committee shall act as the Board's agent in helping the President address matters of business between regular board meetings and assist the Chair and the President in their joint responsibility to held the Board to function effectively and efficiently by suggesting Board meeting agenda items and periodically assessing the quality of committee work. It shall have the authority to take action on emergency matters which cannot or should not be deferred to the Board's next scheduled meeting. In order to protect the assets of the corporation, the Executive Committee shall receive reports from the Corporation's legal counsel concerning such actual, impending, or potential litigation involving the corporation or which might involve the corporation, as counsel is from time to time made aware. The Executive Committee shall oversee the work of the Board committees, the College's planning process and its progress on planning goals. The Executive Committee shall participate in the evaluation of the President's performance. The Executive Committee shall have authority to act for the Board on all matters except for the following, which shall be reserved to the Board: A) Selection and termination of the President; B) Selection of the Trustees and Officers of the Board; C) Changes in institutional mission and purposes; D) Amendments of the Articles of Incorporation or Bylaws; E) Incurring of corporate indebtedness; F) Authorizing the selling, leasing, buying, or mortgaging of real estate or buildings owned by the Corporation; G) Merging or affiliating (which changes governance or identity of the College) the Corporation or the College with another corporation or college; H) Adoption of the annual budget; I) Conferral of degrees; J) Other powers reserved to the Board, from time to time by the Board. All actions of the Executive Committee shall be subject to ratification at the next Board meeting. Minutes of the meetings of the Executive Committee shall be taken and all items on which the Committee has taken action shall be submitted to the Board at its next succeeding meeting for ratification, but failure to submit such action items or to receive ratification shall not invalidate any action taken by the College upon authorization by the Executive Committee. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Jennifer Mathile Prikkel, Michael Mathile - Family relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Saint Mary's College was founded by The Congregation of the Sisters of the Holy Cross (The Congregation) in 1844. In 1994 the congregation passed the governance of the College to the board of trustees. The congregation retained the right to appoint three members of the board of trustees. In addition to the appointed members, seven other members of the board of trustees must be from the congregation or other Roman Catholic religious congregations. Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's management reviews a draft of the Form 990 in detail. A final draft of the full form 990, including all applicable schedules, is then reviewed with our tax advisors and approved by the audit, risk, and legal committee of the board of trustees. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURE QUESTIONNAIRES ARE PROVIDED TO EACH BOARD OF TRUSTEE MEMBER. ONCE THE QUESTIONNAIRES ARE COMPLETED THE RESPONSES ARE REVIEWED AND IT IS DETERMINED WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT MEMBER IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ALL OFFICERS OF THE COLLEGE, ALL EMPLOYEES WORKING IN THE FINANCIAL AID AND BUSINESS OFFICES, AND ALL EMPLOYEES AUTHORIZED TO SIGN FOR EXPENDITURES, ACTING AS PRINCIPALS ON GRANTS OR INVOLVED IN MAKING PURCHASES ON BEHALF OF THE COLLEGE ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE FORM. THE FORMS ARE REVIEWED BY THE DIRECTOR OF PURCHASING; IF THERE IS A POTENTIAL CONFLICT OF INTEREST THE VICE PRESIDENT OF STRATEGY AND FINANCE REVIEWS THE CORRESPONDING ISSUE AND DETERMINES IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DECISIONS OR ACTIONS REGARDING THE CONFLICTING ISSUE. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, WHICH CONSISTS OF INDEPENDENT PERSONS. THE BOARD OF TRUSTEES USED COMPARABILITY WITH PEER DATA AS PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION AND OTHER AVAILABLE DATA FROM HIGHER EDUCATION INSTITUTIONS TO DETERMINE THE AMOUNT OF COMPENSATION. AS PART OF THE PRESIDENT'S CONTRACT THE PRESIDENT'S SALARY SHALL BE REVIEWED ANNUALLY BY THE BOARD AND PRESIDENT WILL BE ENTITLED TO RECEIVE AN ANNUAL INCREASE IN AN AMOUNT EQUAL TO AT LEAST THE INCREMENTAL AVERAGE SALARY PERCENTAGE INCREASES FOR SAINT MARY'S CABINET AND PRESIDENT. HOWEVER, NO ADDITIONAL INCREASE TO THE PRESIDENT'S SALARY SHALL OCCUR WITHOUT APPROVAL OF THE BOARD, AS REQUIRED IN THE BYLAWS. DURING THE TERM OF EMPLOYMENT, PRESIDENT'S ANNUAL SALARY MAY BE INCREASED BUT NOT DECREASED. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE DIRECTOR OF HUMAN RESOURCES COMPILED SALARY AND BENEFIT DATA FOR THE POSITIONS OF Senior Vice President for Academic Affairs, Vice President for Mission, Vice President for Advancement, Vice President for Student Enrollment and Engagement, Senior Vice President for Strategy and Finance, and Vice President for Inclusion and Equity. THE INFORMATION DOCUMENTS THE SALARIES OF THOSE IN SIMILAR POSITIONS AT COMPARABLE COLLEGES. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION RECOMMENDATIONS OF THE PRESIDENT FOR THE ABOVE-NAMED OFFICERS. THE STUDY PREPARED BY THE DIRECTOR OF HUMAN RESOURCES IS PROVIDED TO THE CHAIR OF THE BOARD OF TRUSTEES AS SUPPORTING DOCUMENTATION FOR THE COMMITTEE'S DISCUSSION. THE RESULTS OF THE DELIBERATION PROCESS WERE DOCUMENTED IN THE MINUTES OF THE MEETING HELD IN MAY 2022. ALL OF THE PERSONS IN THOSE POSITIONS RECEIVED AN INCREASE, COMMENSURATE WITH THE FACULTY AND STAFF OF THE COLLEGE. Form 990, Part VI, Line 19 Required documents available to the public Governing documents, conflict of interest policies, and financial statements are not required disclosures pursuant to Internal Revenue Code (IRC) Sec. 6104. These documents are not available to the public at this time. Form 990, Part VII, Section A Compensation of Interested Persons SIX SISTERS WHO ARE MEMBERS OF THE CONGREGATION OF THE SISTERS OF THE HOLY CROSS (CONGREGATION) ARE MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE. THESE INDIVIDUALS ARE LISTED BELOW: SISTER ESTHER ADJOA ENTSIWAH, CSC SISTER VERONICA A. FAJARDO, CSC SISTER VANESSA CRUZ FERREIRA, CSC SISTER TAPOSI GOMES, CSC SISTER JUDITH HALLOCK, CSC SISTER VERONIQUE WIEDOWER, CSC Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All other - Total Revenue: 394240, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 394240; Form 990, Part XI, Line 9 Other changes in net assets or fund balances POSTRETIREMENT BENEFIT CHANGES OTHER THAN NET PERIODIC BENEFIT COST - 761042; CHANGE IN NET PERIODIC BENEFIT COST - -32785; SISTER MARIA PIETA SCOTT CSC SCHOLARSHIP TRUST C/O SPRING VALLEY BANK PO BOX 830 JASPER IN 47547 351769494 GRANT-GIVING IN 501(c)(3) PF NA false Charitable Remainder Trusts (6) Charitable Remainder Trusts IN NA Trust false false true false false false false false false false false false false false false false false false false