2025-05-13T14:06:46-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-07-01 951641455 MOUNT SAINT MARY'S UNIVERSITY MOUN 3109544000 12001 CHALON RD LOS ANGELES CA 90049 JOY BRATHWAITE VICE PRESIDENT FOR ADMIN & FIN 3109544000 2025-05-06 1 1 KAREN A GRIES P00078514 6128764500 2025-05-06 2023 2025-03-06 01:10:19Z ANN MCELANEY-JOHNSON 12001 CHALON RD LOS ANGELES CA 90049 220834416 0 0928 X WWW.MSMU.EDU X 1925 CA MOUNT SAINT MARY'S UNIVERSITY, IS A CALIFORNIA NONPROFIT PUBLIC BENEFITS CORPORATION FOUNDED BY THE SISTERS OF ST. JOSEPH OF CARONDELET (PROVINCIALATE), A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. THE UNIVERSITY WAS FOUNDED IN 1925 BY SISTERS OF ST. JOSEPH AND HAS OPERATED CONTINUOUSLY SINCE THAT DATE. THE OBJECTIVE OF MOUNT SAINT MARY'S UNIVERSITY AS A NONPROFIT EDUCATIONAL INSTITUTION IS SERVICE. THE UNIVERSITY HAS DEVOTED ITSELF TO EXCELLENCE IN LIBERAL ARTS AND SCIENCES AND GRANTS DEGREES IN ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTOR PROGRAMS, WITH A SPECIAL FOCUS ON THE EDUCATION OF WOMEN FOR LEADERSHIP POSITIONS IN OUR SOCIETY. 22 21 1690 244 78840 0 10133934 35463460 99306659 105235435 7870123 14204226 448880 3337688 117759596 158240809 38719940 41746864 0 0 58258355 59629741 103911 59546 2353973 40783352 39257023 137865558 140693174 -20105962 17547635 358464019 379869622 74951954 75966758 283512065 303902864 X MOUNT SAINT MARY'S UNIVERSITY OFFERS A DYNAMIC LEARNING EXPERIENCE IN THE LIBERAL ARTS AND SCIENCES TO A DIVERSE STUDENT BODY. AS A CATHOLIC UNIVERSITY PRIMARILY FOR WOMEN, WE ARE DEDICATED TO PROVIDING A SUPERIOR EDUCATION ENHANCED BY AN EMPHASIS ON BUILDING LEADERSHIP SKILLS AND FOSTERING A SPIRIT TO SERVE OTHERS. OUR MEASURE OF SUCCESS IS GRADUATES WHO ARE COMMITTED TO USING THEIR KNOWLEDGE AND SKILLS TO BETTER THEMSELVES, THEIR ENVIRONMENTS, AND THE WORLD. 0 0 103753856 41746864 95987801 INSTRUCTION: MOUNT SAINT MARY'S UNIVERSITY PROVIDES VALUES BASED TRADITIONAL UNDERGRADUATE EDUCATION FOR WOMEN, AS WELL AS, INNOVATIVE NON-TRADITIONAL UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR WOMEN AND MEN. THE UNIVERSITY'S ACADEMIC PROGRAMS PLACE A STRONG EMPHASIS ON SOCIAL AND ETHICAL VALUES CONSISTENT WITH A VIEW OF COMPASSIONATE COMMUNITY INVOLVEMENT. SINCE ITS INCEPTION, THE UNIVERSITY HAS GRANTED MORE THAN 30,000 DEGREES. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, THE UNIVERSITY ENROLLED APPROXIMATELY 1,515 FULL-TIME EQUIVALENTS (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 200 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 652 FTE GRADUATE STUDENTS. 16065463 9247634 AUXILIARY ENTERPRISES: MOUNT SAINT MARY'S UNIVERSITY AUXILIARY ENTERPRISES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND PARKING FACILITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, RESIDENCE HALL OCCUPANCY WAS APPROXIMATELY 563 STUDENTS. 119819319 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 232 0 1690 1 1 1 1 CJ CA HK FR 0 0 0 1 1 0 0 0 0 0 0 X 22 21 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X JOY BRATHWAITE 3109544000 12001 CHALON ROAD LOS ANGELES CA 90049 ANN MCELANEY-JOHNSON PRESIDENT 40.00 0.00 X X 514201 0 170377 THOMAS J BLUMENTHAL BOARD CHAIR 8.00 0.00 X X 0 0 0 ALISON D SOWDEN BOARD SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 SR BARBARA ANNE STOWASSER BOARD VICE CHAIR 1.00 39.00 X X 0 0 0 DR ELENA M BOVE TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH CASEY TRUSTEE 1.00 0.00 X 0 0 0 ALEJANDRA CEJA TRUSTEE 1.00 0.00 X 0 0 0 FR ALLAN F DECK TRUSTEE 1.00 0.00 X 0 0 0 JANET FEELEY TRUSTEE 1.00 0.00 X 0 0 0 ZULEMA GARCIA TRUSTEE 1.00 0.00 X 0 0 0 DR NZINGA GRAHAM TRUSTEE 1.00 0.00 X 0 0 0 ILEANA HERNANDEZ TRUSTEE 1.00 0.00 X 0 0 0 DR MARY HINTON TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY KEARNS TRUSTEE 1.00 0.00 X 0 0 0 DR VA LECIA ADAMS KELLUMS TRUSTEE 1.00 0.00 X 0 0 0 SR JOAN LESCINSKI TRUSTEE 1.00 39.00 X 0 0 0 SR MAUREEN O'CONNOR TRUSTEE 1.00 39.00 X 0 0 0 DR JOAN OTOMO-CORGEL TRUSTEE 1.00 0.00 X 0 0 0 SR PATRICIA ROSHOLT TRUSTEE 1.00 39.00 X 0 0 0 LAURA SAADE TRUSTEE 1.00 0.00 X 0 0 0 JAMES P SARNI TRUSTEE 1.00 0.00 X 0 0 0 BARBARA ANN USHER TRUSTEE 1.00 0.00 X 0 0 0 JOY BRATHWAITE CORP TREASURER/VP ADMIN & FIN 40.00 0.00 X 28103 0 2813 ANDREW LOCCISANO INTERIM VP OF ADMIN & FINANCE 40.00 0.00 X 232856 0 24781 LUCILLE GARCIA SECRETARY OF THE CORPORATION 40.00 0.00 X 154818 0 27972 DANIEL PROSTERMAN INTERIM PROVOST 40.00 0.00 X 218294 0 61715 STEPHANIE CUBBA VP INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 281645 0 47172 SUSAN DILENO VP ENROLLMENT MANAGEMENT 40.00 0.00 X 240564 0 34071 LINDA MCMURDOCK VP STUDENT AFFAIRS 40.00 0.00 X 241158 0 38264 KRISHAUNA HINES-GAITHER VP EQUITY, DIVERSITY, & JUSTICE 40.00 0.00 X 227618 0 54632 MIKE CASSAR CHIEF INFORMATION OFFICER - OUTGOING 40.00 0.00 X 214448 0 15463 SUZANNE WILLIAMS DEAN OF WEEKEND COLLEGE 40.00 0.00 X 197454 0 46515 DEAN KILGOUR AVP OF ENROLLMENT 40.00 0.00 X 174557 0 36403 DEBORAH LOWE DEPARTMENT CHAIR 40.00 0.00 X 175790 0 31502 ADAM KAPLAN CHIEF HR OFFICER 40.00 0.00 X 170573 0 31321 DEBRA MARTIN CORP TREASURER/VP ADMIN & FIN 0.00 0.00 X 190147 0 19336 3262226 0 642337 99 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 911102374 SECURITY STAFFING 1439276 ELLUCIAN COMPANY 13377 COLLECTION CENTER DR CHICAGO IL 60693 COMPUTER SOFTWARE 1089064 LUIS GONZALEZ DBA LUIS PLUMBING 2128 S COCHRAN AVE LOS ANGELES CA 90016 PLUMBING SERVICES 1028621 MANATT PHELPS & PHILLIPS 11355 W OLYMPIC BLVD LOS ANGELES CA 90064 LEGAL 982901 AG GENERAL CONTRACTOR INC 1151 S ALMA AVE LOS ANGELES CA 90023 REPAIR AND MAINTENANCE 937830 14 1106960 10000 4749650 29596850 2959210 35463460 TUITION AND FEES 611710 95279066 95279066 FOOD SERVICE 721310 4803274 4803274 HOUSING 721310 4437462 4437462 FILM INCOME 611710 708735 708735 BOOKSTORE 611710 6898 6898 105235435 5468736 78840 5389896 452629 452629 207364 121625 85739 85739 85739 70382418 62099557 8282861 8282861 8282861 18281 1106960 372425 -354144 -354144 LITIGATION 611710 3133000 3133000 ADMIN RECOVERY 611710 209284 209284 LATE FEES 611710 191405 191405 72404 72404 3606093 158240809 105235435 78840 17463074 41746864 41746864 1855543 688473 900031 267039 45646409 39285242 5428575 932592 3131127 2751983 274638 104506 5777401 5089398 492892 195111 3219261 2829445 282369 107447 5407799 3002002 2106267 299530 1172058 1172058 216009 14000 202009 59546 59546 1031939 1031939 1076734 985278 91456 1691357 1637699 52393 1265 12217364 9002313 2903006 312045 2020893 1658892 353314 8687 2094397 1662813 431584 943343 771785 147429 24129 229215 152986 58077 18152 1175197 1098725 76472 334691 334691 5069023 4764882 304141 1450490 19415 1430925 150 SECURITY 1436736 1347846 88890 BUILDING MAINTENANCE 817752 783027 34725 BAD DEBT AND COLLECTION 599637 599637 MISCELLANEOUS 272389 191560 57055 23774 140693174 119819319 18519882 2353973 7529 10147 53278640 56518055 2892364 16523443 2274190 2569692 986417 798936 833633 1269015 224666797 85665543 113847637 139001254 23706519 30019853 160549020 133071157 88070 88070 358464019 379869622 15436564 14447770 422303 428641 5922248 5546305 38492591 37825789 5720059 5663945 8958189 12054308 74951954 75966758 X 138319855 134104785 145192210 169798079 283512065 303902864 358464019 379869622 X 17547635 2734082 109082 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 160218110 13037677 12925600 11000272 1031939 174149176 157775106 447728 13709992 10708790 1005926 160218110 180781895 936890 -13151449 9686856 1105374 157775106 138585293 3096287 49593006 9469977 1022714 180781895 141808934 1105165 2962157 6609597 681366 138585293 0.33710 0.38950 0.27340 1 0 10256363 10256363 189456767 65416862 124039905 17648370 15879119 1769251 7305297 4369562 2935735 139001254 COMMONFUND PE INVESTMENTS 4249918 F OFFSHORE FUNDS 53774691 F REAL ESTATE INVESTMENT TRUSTS 297512 F ANNUITY CONTRACTS 715494 F MINERAL RIGHTS 659586 C PARTNERSHIP INVESTMENTS 69875772 F DEPOSITS HELD BY BOND TRUSTEE 3498184 C 133071157 ANNUITIES PAYABLE 345432 ASSET RETIREMENT OBLIGATION 320500 CSJ PROVINCIALITE LOAN 5896690 RIGHT OF USE LEASE 1642785 CNS ESTATE LOAN 3848901 12054308 X 118159433 2734082 494050 3228132 114931301 1031939 42277569 43309508 158240809 97561002 494050 494050 97066952 1031939 42594283 43626222 140693174 PART III, LINE 4: THE JOSE DRUDIS-BIADA'S ARTWORK IS LOCATED AT VARIOUS LOCATIONS THROUGHOUT THE UNIVERSITY FOR PUBLIC DISPLAY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 274 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX 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 UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES 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. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE 372,425. RENTAL EXPENSES 121,625. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 41,746,863. FILM COMMISSION 177,184. CEFA INTEREST INCOME NETTED DIRECTLY AGAINST EXPENSE 566,420. ACTUARIAL ADJUSTMENT -109,082. BAD DEBTS NETTED WITH REVENUES -103,816. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE 372,425. RENTAL EXPENSES 121,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 41,746,863. FILM COMMISSION 177,184. CEFA INTEREST INCOME NETTED DIRECTLY AGAINST EXPENSE 566,420. BAD DEBTS NETTED WITH REVENUES 103,816. 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 UNIVERSITY'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE UNIVERSITY'S CATALOG AND ADMISSION BROCHURES, AS WELL AS THE WEBSITE AND PRINTED MEDIA PROVIDED TO DONORS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE FEDERAL WORK-STUDY PROGRAM, PELL GRANT, AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 39622181 NORTH AMERICA INVESTMENTS 243716 EAST ASIA AND THE PACIFIC INVESTMENTS 4372912 EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM ACTIVITIES SUPPLIES/UTILITIES, BLDG IMPROVEMENTS OF MOTHER ST. JOHN FONTBONNE'S CHILDHOOD HOME. 12750 1 1 0 0 1 1 44251559 0 44251559 0 0 0 0 0 0 PART I, LINE 3: THE UNIVERSITY USED THE ACCRUAL METHOD TO REPORT INVESTMENTS IN SCHEDULE F, PART I. SCHEDULE F, PART IV, LINE 1: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE AN ADDITIONAL 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS. FORMS 8865 WERE NOT REQUIRED TO BE PREPARED FOR THE CURRENT TAX YEAR. X X X X X X X 1 LEAD 635 CASTEL RIDGE DRIVE WENTZVILLE MO 63385 ANNUAL GIVING CAMPAIGN FUNDRAISING 0 220331 59544 160787 220331 59544 160787 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 NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY CAW EVENT 1032460 1025960 6500 272567 RSW EVENT 92781 81000 11781 92358 1 7500 1125241 1106960 18281 372425 372425 -354144 1 UNIVERSITY FUNDED WAIVERS/DISCOUNT FOR STUDENTS 172 1499048 PRIVATE DONATIONS - EXPENDABLE FOR STUDENTS 322 3122863 PRIVATE DONATIONS - ENDOWED FOR STUDENTS 435 4983157 FEDERAL FUNDED GRANTS/FINANCIAL AID FOR STUDENTS 117 386857 UNIVERSITY FUNDED GRANTS/AWARDS FOR STUDENTS 1600 31754939 PART I, LINE 2: THE OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR THE MONITORING OF ALL STUDENT AID. ALL GRANT AID IS APPLIED DIRECTLY TO THE STUDENT ACCOUNT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANN MCELANEY-JOHNSON PRESIDENT 483034 0 0 0 31167 0 33000 0 137377 0 684578 0 0 0 STEPHANIE CUBBA VP INSTITUTIONAL ADVANCEMENT 277207 0 0 0 4438 0 28437 0 18735 0 328817 0 0 0 KRISHAUNA HINES-GAITHER VP EQUITY, DIVERSITY, & JUSTICE 201403 0 0 0 26215 0 23743 0 30889 0 282250 0 0 0 DANIEL PROSTERMAN INTERIM PROVOST 197168 0 0 0 21126 0 23874 0 37841 0 280009 0 0 0 LINDA MCMURDOCK VP STUDENT AFFAIRS 235881 0 0 0 5277 0 24306 0 13958 0 279422 0 0 0 SUSAN DILENO VP ENROLLMENT MANAGEMENT 221881 0 0 0 18683 0 24254 0 9817 0 274635 0 0 0 ANDREW LOCCISANO INTERIM VP OF ADMIN & FINANCE 206552 0 0 0 26304 0 23534 0 1247 0 257637 0 0 0 SUZANNE WILLIAMS DEAN OF WEEKEND COLLEGE 173000 0 0 0 24454 0 20584 0 25931 0 243969 0 0 0 MIKE CASSAR CHIEF INFORMATION OFFICER - OUTGOING 214448 0 0 0 0 0 14960 0 503 0 229911 0 0 0 DEAN KILGOUR AVP OF ENROLLMENT 168246 0 0 0 6311 0 17952 0 18451 0 210960 0 0 0 DEBRA MARTIN CORP TREASURER/VP ADMIN & FIN 185213 0 0 0 4934 0 19033 0 303 0 209483 0 0 0 DEBORAH LOWE DEPARTMENT CHAIR 173157 0 0 0 2633 0 17764 0 13738 0 207292 0 0 0 ADAM KAPLAN CHIEF HR OFFICER 164842 0 0 0 5731 0 17573 0 13748 0 201894 0 0 0 LUCILLE GARCIA SECRETARY OF THE CORPORATION 152474 0 0 0 2344 0 15596 0 12376 0 182790 0 0 0 PART I, LINE 1A INCLUDED IN NON-TAXABLE BENEFITS IS AN AMOUNT FOR THE PRESIDENT'S USE OF A UNIVERSITY OWNED PRESIDENT'S RESIDENCE. IT IS NOT INCLUDED IN TAXABLE INCOME AS THE PRESIDENT'S CONTRACT REQUIRES HER TO RESIDE IN THE HOME AND IT IS ALSO USED FOR STUDENT, FACULTY, STAFF, TRUSTEE, AND DONOR RELATED EVENTS. A CALIFORNIA EDUCATIONAL FACILITES AUTHORITY 521705592 130179QG2 2018-09-06 40386211 CONSTRUCTION 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 000000000 2022-11-17 4000000 CONSTRUCTION 0 0 0 A 1075000 42913091 2735604 415134 38170153 29370 1562830 2023 0 0 1 1 B 151099 4000000 41500 3949000 9500 2022 0 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/07/2023 ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/05/2023 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF THE ISSUE EXCEEDED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROCEEDS. X 7 2959210 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF MEMBERS THAT MAY INCLUDE NON-TRUSTEE MEMBERS. HOWEVER, THE BOARD MAY NOT DELEGATE ANY OF THE AUTHORITY OF THE BOARD TO NON-TRUSTEE MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL THE AUTHORITY OF THE BOARD WITH RESPECT TO THE OPERATIONS AND AFFAIRS OF THE CORPORATION EXCEPT AS LIMITED BY LAW OR BY THE UNIVERSITY'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 THE UNIVERSITY HAS BUSINESS RELATIONSHIPS WITH THE SISTERS OF ST. JOSEPH OF CARONDELET. FOUR OF THE UNIVERSITY BOARD MEMBERS ARE AFFILIATED WITH THIS ORGANIZATION: SISTER JOAN LESCINKSI, SISTER MAUREEN O'CONNOR, SISTER BARBARA ANNE STOWASSER AND SISTER PATRICIA ROSHOLT ARE ON THE BOARD OF TRUSTEES AND BELONG TO THE SAME ORDER (SISTERS OF ST. JOSEPH OF CARONDELET). FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY BYLAWS WERE AMENDED TO INCLUDE: IN THE EVENT THAT A CHAIRPERSON OF THE BOARD IS ELECTED TO COMMENCE HIS OR HER 3 YEAR TERM AS CHAIRPERSON AFTER THE COMMENCEMENT OF HIS OR HER THEN CURRENT TERM OF SERVICE AS A TRUSTEE, SUCH CHAIRPERSON'S TERM AS A TRUSTEE SHALL BE EXTENDED TO ENABLE SUCH CHAIRPERSON TO SERVE AS CHAIRPERSON OF THE BOARD FOR THE 3 YEAR TERM OF OFFICE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS SHALL CONSIST OF THE MEMBERS OF THE GOVERNING BODY OF THE LOS ANGELES PROVINCE OF THE SISTERS OF ST. JOSEPH OF CARONDELET. WE HAVE DISCLOSED THE MEMBERS AS THE PROVINCIAL SUPERIOR AND FOUR OTHER SISTERS. THEY MAY SERVE ON THE GOVERNING BODY, BUT NOT THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO APPOINT THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL INCLUDE REPRESENTATIVES OF THE SISTERS OF ST. JOSEPH OF CARONDELET SELECTED BY THE BOARD OF TRUSTEES IN CONSULTATION WITH THE PROVINCE. ANY TRUSTEE OF THE BOARD MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE BOARD WITH APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE FOLLOWING POWERS: RIGHT TO APPROVE THE SIGNIFICANT DECISIONS MADE BY THE BOARD OF TRUSTEES AT THE ANNUAL MEETING OR SPECIAL MEETING. MODIFICATION OF THE MISSION STATEMENT OR OF THE NATURE OR PURPOSE OF THE MISSION OF THE CORPORATION. AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION OR OF THE POWERS RESERVED TO THE MEMBERS. TRANSFERS OF STABLE PATRIMONY OF THE CORPORATION AT OR ABOVE THE THRESHOLD ESTABLISHED FOR THE UNITED STATES BY THE HOLY SEE. ANY TRANSACTION WHICH WOULD JEOPARDIZE THE STABLE PATRIMONY OF THE CORPORATION. APPOINTMENT OR REMOVAL OF THE PRESIDENT UPON THE RECOMMENDATION OF THE BOARD. DISSOLUTION OR LIQUIDATION OF THE CORPORATION OR MERGER OF THE CORPORATION WITH ANY OTHER CORPORATION OR ENTITY. ANY TRANSACTION OUTSIDE THE ORDINARY COURSE OF THE BUSINESS OF THE CORPORATION. ANY CONTRACT OR COMMITMENT BINDING THE CORPORATION TO ANY TRANSACTION INVOLVING A TOTAL VALUE IN EXCESS OF $3,000,000. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE DRAFT OF THE RETURN. AFTER THE REVIEW, THE DRAFT IS SUBMITTED TO THE FULL AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION. ONCE APPROVED, THE APPROVED DRAFT IS SUBMITTED TO THE BOARD FOR FINAL APPROVAL BEFORE FILING THE RETURN WITH THE IRS BEFORE THE DEADLINE. THE BOARD RECEIVED A COPY OF 2022 FORM 990 WITH THE NAMES AND ADDRESSES OF DONORS OMITTED FROM SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED AND ACKNOWLEDGED BY THE BOARD MEMBERS AND MEMBERS OF CABINET ON AN ANNUAL BASIS. EACH WRITTEN CONFLICT OF INTEREST STATEMENT IS REVIEWED EVERY YEAR AT THE ANNUAL MAY BOARD MEETING BY THE CHAIR OF THE BOARD IN CONJUNCTION WITH THE PRESIDENT. ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR SHOULD BE FULLY DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AT ANY TIME A CONTRACT OR OTHER TRANSACTION IS CONSIDERED BETWEEN THIS UNIVERSITY AND ONE OR MORE OF ITS GOVERNING BOARD MEMBERS OR BETWEEN THIS UNIVERSITY AND ANY CORPORATION, FIRM, OR ASSOCIATION IN WHICH ONE OR MORE OF THE MEMBERS OF THE GOVERNING BOARD TO THIS UNIVERSITY ARE FINANCIALLY INTERESTED. THE FACT OF COMMON DIRECTORSHIP OR FINANCIAL INTEREST SHOULD BE NOTED IN THE MINUTES AND THE BOARD SHOULD APPROVE THE CONTRACT OR TRANSACTION IN GOOD FAITH BY A VOTE SUFFICIENT FOR THE PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH MEMBERS OF THE GOVERNING BOARD. IN RESPONSE TO THE NEW DEPARTMENT OF EDUCATION REGULATORY REQUIREMENTS TO REPORT ALL RELATED PARTY TRANSACTIONS, EACH BOARD AND CABINET MEMBER WAS REQUIRED TO COMPLETE A QUESTIONNAIRE LISTING ANY CONFLICTS ARISING FROM PERSONAL OR PROFESSIONAL ASSOCIATIONS FROM EITHER THE MEMBER, THEIR SPOUSE OR THEIR ADULT CHILDREN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATIONS FROM THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU) ADMINISTRATIVE COMPENSATION REPORT. THE BOARD CHAIR GIVES HIS RECOMMENDATION TO THE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE, WHO DETERMINES COMPENSATION. COMPENSATION IS DOCUMENTED THROUGH FORMAL OFFER LETTERS, EMPLOYEE STATUS FORMS AND DATA MAINTAINED IN THE UNIVERSITY DATABASE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2023. COMPENSATION FOR THE VICE PRESIDENTS IS REVIEWED AND APPROVED BY THE PRESIDENT. THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT USED COMPARABILITY DATA FROM THE AICCU ADMINISTRATIVE COMPENSATION REPORT, YAFFE & COMPANY EXECUTIVE COMPENSATION SURVEY DATA FOR INDEPENDENT COLLEGES AND UNIVERSITIES, AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION HIGHER EDUCATION SURVEY DATA. COMPENSATION IS DOCUMENTED THROUGH FORMAL OFFER LETTERS, EMPLOYEE STATUS FORMS AND DATA MAINTAINED IN THE UNIVERSITY DATABASE. THE PROCESS WAS MOST RECENTLY UNDERTAKEN IN FALL, 2023 FOR THE VICE PRESIDENT OF DIVERSITY, EQUITY AND JUSTICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO APPROPRIATE PARTIES UPON REQUEST THROUGH REPORTS OR RESPONSES TO QUESTIONNAIRES. FORM 990, PART XI, LINE 9: CHANGES IN ANNUITY PAYABLE 109,082. SISTERS OF ST JOSEPH OF CARONDELET 11999 CHALON ROAD LOS ANGELES CA 90049 RELIGIOUS CA 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST CA N/A T 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0