Civic Intelligence

Benedictine College

990 • Fiscal year 2020 • EIN 48-0777079

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

1020 N 2nd StAtchison, KS 66002

(913) 367-5340

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.43x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.74x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

47th percentile

2.9%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$434,976

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

46th percentile

4.0%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

5.8%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$155,715,289

Up $5,938,138 (+4.0%) from 2019

Net Assets

Up

$89,502,009

Up $3,375,596 (+3.9%) from 2019

Liabilities

Up

$66,213,280

Up $2,562,542 (+4.0%) from 2019

Revenue

Up

$88,993,956

Up $4,854,678 (+5.8%) from 2019

Expenses

Up

$86,436,531

Up $2,709,837 (+3.2%) from 2019

Net Income

Up

$2,557,425

Up $2,144,841 (+520%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $86,836,952Liabilities 2010: $34,214,727Net Assets 2010: $52,622,2252010Assets 2011: $96,291,036Liabilities 2011: $35,374,049Net Assets 2011: $60,916,9872011Assets 2012: $113,266,461Liabilities 2012: $48,634,592Net Assets 2012: $64,631,8692012Assets 2013: $109,482,038Liabilities 2013: $43,833,176Net Assets 2013: $65,648,8622013Assets 2014: $130,125,989Liabilities 2014: $56,242,077Net Assets 2014: $73,883,9122014Assets 2015: $134,913,587Liabilities 2015: $56,738,004Net Assets 2015: $78,175,5832015Assets 2018: $151,344,501Liabilities 2018: $66,270,332Net Assets 2018: $85,074,1692018Assets 2019: $149,777,151Liabilities 2019: $63,650,738Net Assets 2019: $86,126,4132019Assets 2020: $155,715,289Liabilities 2020: $66,213,280Net Assets 2020: $89,502,0092020Assets 2021: $163,686,664Liabilities 2021: $58,698,337Net Assets 2021: $104,988,3272021Assets 2022: $193,360,342Liabilities 2022: $66,381,409Net Assets 2022: $126,978,9332022

Highlighted filing

2020

Assets$155,715,289
Liabilities$66,213,280
Net Assets$89,502,009

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2010: $41,021,0972010Expenses 2011: $44,651,2392011Expenses 2012: $51,102,9802012Expenses 2013: $57,589,5212013Revenue 2014: $67,556,867Expenses 2014: $61,070,476Net Income 2014: $6,486,3912014Revenue 2015: $72,097,975Expenses 2015: $66,166,797Net Income 2015: $5,931,1782015Revenue 2018: $77,414,324Expenses 2018: $76,711,436Net Income 2018: $702,8882018Revenue 2019: $84,139,278Expenses 2019: $83,726,694Net Income 2019: $412,5842019Revenue 2020: $88,993,956Expenses 2020: $86,436,531Net Income 2020: $2,557,4252020Revenue 2021: $96,440,027Expenses 2021: $88,528,442Net Income 2021: $7,911,5852021Revenue 2022: $131,603,580Expenses 2022: $100,252,996Net Income 2022: $31,350,5842022

Highlighted filing

2020

Revenue$88,993,956
Expenses$86,436,531
Net Income$2,557,425
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.1
Gross Receipts
$90,369,627
Mission and Program Overview

Mission

Benedictine college's mission as a catholic, benedictine, liberal arts, residential college is the education of men & women within a community of faith & scholarship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$93,363,312$87,539,183▼ $5,824,129
Investments in Publicly Traded Securities$34,451,363$39,166,834▲ $4,715,471
Savings and Temporary Cash Investments$10,508,266$19,083,496▲ $8,575,230
Pledges and Grants Receivable$4,287,285$3,420,624▼ $866,661
Investments Program Related$2,707,054$2,260,225▼ $446,829
Accounts Receivable$589,975$478,240▼ $111,735
Prepaid Expenses and Deferred Charges$460,447$394,866▼ $65,581
Inventories for Sale or Use$327,356$355,577▲ $28,221
Cash and Non-Interest-Bearing Accounts$160,637$190,580▲ $29,943
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$149,777,151$155,715,289▲ $5,938,138
Other Assets Total$2,921,456$2,825,664▼ $95,792
Liabilities
Tax Exempt Bond Liabilities$55,026,824$53,036,466▼ $1,990,358
Other Liabilities$3,710,128$9,266,979▲ $5,556,851
Accounts Payable and Accrued Expenses$3,554,650$2,701,621▼ $853,029
Deferred Revenue$1,359,136$1,208,214▼ $150,922
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$63,650,738$66,213,280▲ $2,562,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,716,178$49,372,816▼ $1,343,362
Net Assets With Donor Restrictions$35,410,235$40,129,193▲ $4,718,958
Total Net Assets Fund Balance$86,126,413$89,502,009▲ $3,375,596
Total Liabilities and Net Assets / Fund Balance$149,777,151$155,715,289▲ $5,938,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$83,505,445$69,117,229$152,622,674
Equipment$2,889,343$15,540,200$18,429,543
Land$1,144,395-$1,144,395

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$31,900,680$6,247,783▲ $1,555,824$258,794$38,987,593
2019$29,915,676$1,632,300▲ $1,615,714$670,365$31,900,680
2018$28,005,029$841,257▲ $1,589,741$-31,262$29,915,676
2017$25,947,572$886,473▲ $1,739,394$75,000$28,005,029
2016$26,064,799$2,133,908▼ $1,167,832-$25,947,572
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen D MinnisPresidentFT$311,687$123,289$434,976
Tom HoopesVP for College RelationsFT$104,423$97,843$202,266
Ronald J OlingerTreasurer and CFOFT$156,145$41,270$197,415
Kelly VowelsVP of AdvancementFT$147,286$34,815$182,101
Kimberly C ShankmanVice PresidentFT$131,926$38,965$170,891
Timothy AndrewsExecutive Director Planned GivingFT$110,356$43,153$153,509
Pete HelgesenDean of Enrollment ManagementFT$124,104$17,473$141,577
Linda HenryVice President of Student LifeFT$117,192$14,671$131,863
Rosemary WilkersonExecutive Director of DevelopmFT$107,067$12,779$119,846
Kristie R ScholzAsst TreasurerFT$81,641$13,680$95,321

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark ServicesFood Service1101 MARKET ST, Philidelphia, PA 66002$4,069,281
Lawhon ConstructionConstruction519 MAIN ST, St Joseph, MO 64501$944,181
EabFundraising/softwarePO BOX 603519, Charlotte, NC 28260-3519$792,893
Fieldturf USA INCConstruction175 N INDUSTRIAL BLVD NE, Calhoun, GA 30701$660,154
Hundley Construction INCConstruction1900 MAIN ST, Atchison, KS 66002$498,041
Revenue and Support

Revenue Composition

Contributions and Grants
$13,422,198
Program Service Revenue
$72,932,276
Investment Income
$1,215,316
Other Revenue
$1,424,166
All Other Contributions
$10,981,376
Change in Net Assets
$2,557,425

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded21$492,806Fair Market Value (FMV)
Other Non Cash Contri Table6$93,981Fair Market Value (FMV)
Other Non Cash Contri Table6$20,366Fair Market Value (FMV)
Books and Publications-$471Fair Market Value (FMV)
Food Inventory1$250Fair Market Value (FMV)
Total Noncash Contributions34$607,874-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,965,435
Revenue Not Reported on Financial Statements
$33,028,521
Revenue Not Reported on Form 990
$1,287,765
Other Revenue Adjustments
$32,903,363
Total Revenue per Audited Statements
$57,253,200
Total Revenue per Form 990
$88,993,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$32,376,362
Other Expenses$28,180,116
Salaries, Compensation, and Employee Benefits$25,642,749
Total Fundraising Expense$1,659,275
Professional Fundraising Fees$237,304

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$32,123,874--$32,123,874
Other Salaries and Wages$15,272,434$1,890,959$662,989$17,826,382
Depreciation Depletion$6,786,081$856,112$17,513$7,659,706
Fees for Services Other$4,957,634$528,141$77,367$5,563,142
Other Employee Benefits$2,374,508$2,594,066$82,612$5,051,186
Interest$2,925,723--$2,925,723
All Other Expenses$519,259$1,668,458$166,324$2,354,041
Office Expenses$1,187,189$369,252$64,064$1,620,505
Other Expenses$1,612,453--$1,612,453
Occupancy$1,214,786$276,780$52,810$1,544,376
Payroll Taxes$1,034,323$130,626$46,377$1,211,326
Travel$831,147$43,796$32,452$907,395
Current Officers, Directors, Trustees, and Key Employees$171,869$695,297-$867,166
Information Technology$138,768$545,021-$683,789
Pension Plan Contributions$428,549$52,116$24,787$505,452
Insurance$254,678$64,290$12,300$331,268
Fees for Services Professional Fundraising--$237,304$237,304
Comp Disqual Persons--$181,237$181,237
Grants to Domestic Orgs$136,335--$136,335
Fees for Service Investment Mgmnt Fees-$125,158-$125,158
Foreign Grants$116,153--$116,153
Advertising$9,408$90,678$721$100,807
Fees for Services Accounting-$86,911-$86,911
Fees for Services Legal-$58,648-$58,648
Conferences and Meetings$49,799$1,866$418$52,083
Total Functional Expenses$74,699,081$10,078,175$1,659,275$86,436,531

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$86,436,531
Total Expenses per Audited Statements$53,877,604
Expenses per Audited Statements$53,407,154
Expenses Not Reported on Financial Statements$33,029,377
Other Expense Adjustments$32,904,219
Expenses Not Reported on Form 990$470,450
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Federation for Catholic YouthWashington, DC501(c)(3)Sponsorship$75,000

International Summary

Spending
$856,977

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesEducation/mission Trip--$515,288
Central America and the CaribbeanProgram Services---$92,100
South AmericaProgram Services---$70,497
Europe (Including Iceland and Greenland)GrantmakingEducation/mission Trip--$59,526
Central America and the CaribbeanGrantmakingEducation/mission Trip--$36,198
Sub-Saharan AfricaProgram ServicesEducation/mission Trip--$30,021
East Asia and the PacificProgram Services---$19,128
South AsiaProgram Services---$10,345
South AmericaGrantmakingEducation/mission Trip--$10,172
East Asia and the PacificGrantmaking---$6,090
Sub-Saharan AfricaGrantmakingEducation--$3,700
North AmericaProgram Services---$3,446
South AsiaGrantmaking---$285
North AmericaGrantmakingEducation/mission Trip--$181
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$253,706
Professional Fundraising Fees$237,304
Fundraising Gross Income$88,725
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Bal$1,064,372$71,400$104,710$-33,310
Golf Tournament$40,221$17,325$14,174$3,151
Total Events$1,106,693$88,725$253,706$-164,981
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Part V----

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$3,649,900
Refundable Govt Loan Programs$3,117,133
Student and Other Deposits$2,146,297
Annuity & Trust Obligations$337,086
Asset Retirement Obligation$16,563

Bond Issues

BondIssuerIssuedIssue PricePurpose
AAtchison County Kansas2016-07-07$8,380,000SEE NOTE IN PART VI.
CAtchison County Kansas2018-07-05$7,625,000SEE NOTE IN PART VI.
BAtchison County Kansas2018-02-22$6,358,361SEE NOTE IN PART VI.
DAtchison County Kansas2020-03-03$3,929,000SEE NOTE IN PART VI.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,380,000$8,296,200$1,455,000$83,800
C$7,625,000$7,474,410$1,490,000$150,590
B$6,358,361$6,301,166$1,390,000$57,195
D$3,929,000$3,929,000$0$0

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Kelly vowels and mike boland have a family relationship.

Form 990, Part VI, Section A, Line 7A

The members of the corporation who are class a members of the board of directors shall have the sole and exclusive power and authority to select and elect the successor to the elective class a members of the board of directors in such fashion as they deem appropriate and shall present the successors for service on the board. The members of the corporation who are class b members of the board of directors shall have the sole and exclusive power and authority to select and elect the successors to the elective class b members of the board of directors in such fashion as they deem appropriate and shall present the successors for service on the board.

Form 990, Part VI, Section A, Line 7B

Subject to the limitations and provisions of the articles of incorporation and of the bylaws with respect to the election of directors, each member shall have one vote on all matters coming before the members. Any action by the members of the corporation, unless specifically set forth in the articles of incorporation of the corporation (the articles of incorporation) or in the bylaws, shall require an affirmative vote of a majority of the members of the corporation from each individual class of directors.

Form 990, Part VI, Section B, Line 11B

An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions or concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications are made. The 990 is then provided to the finance committee of the board and the full board of directors for review prior to filing.

Form 990, Part VI, Section B, Line 12C

At the time of hire or election (in the case of directors) and annually thereafter, the officers, directors, and key employees shall provide the applicable conflict of interest disclosures which shall be completed to identify any relationships, positions, or circumstances in which it is believed a conflict may arise. If a conflict arises, the officer, director, or key employee abstains from the vote of the conflicted position. An appropriate report shall be submitted to the executive board concerning any interest disclosed.

Form 990, Part VI, Section B, Line 15A & B

Line 15a - the organization's process for determining president compensation began with the board requiring a 5 year review of the president's salary and a review for the same period at colleges of like sizes. A compensation study was done by cbiz in 2016. Additionally, the board required a comprehensive review of his salary to include non-tangible benefits. The organization's process for determining president compensation begins with an initiative lead by the chairman of the governing board. The chairman compares compensation and salary data with other organizations of a similar size and industry. The chairman reviews the data and makes a recommendation to the board of directors in a closed executive committee meeting where the compensation is then voted upon. Line 15b - the president conducts an annual review of other officer and key employee's compensation based on comparable salary data of other organizations of similar size and industry.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Benedictine College
EIN
48-0777079
In Care Of
% RONALD J OLINGER
Phone
9133675340
Address
1020 N 2ND ST, ATCHISON, KS 66002

Signing Officer

Name
Ronald J Olinger
Title
CFO
Phone
9133675340
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen D Minnis
Formed
1971
Legal Domicile
Ks
Voting Board Members
31
Independent Board Members
30
Employees
1,255
Volunteers
31

Preparer

Firm
Bkd Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
Michael J Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Benedictine college is a catholic, benedictine, liberal arts, residential college. Our mission is to educate men and women within a community of faith and scholarship. Building a great catholic college requires a community-wide commitment to excellence. We dedicate ourselves to educating students to become leaders in the benedictine tradition, who will transform the world through their commitment to intellectual, personal and spiritual greatness.

Form 990, Part III, Line 4A

Benedictine college is a catholic, benedictine, liberal arts, residential college with a mission to educate men and women within a community of faith and scholarship. We have a vision to build one of the great catholic colleges in america, and attaining that vision requires a community-wide commitment to excellence. We dedicate ourselves to educating students to become leaders in the benedictine tradition, who will transform the world through their commitment to intellectual, personal and spiritual greatness. Benedictine college is located in atchison, kansas, on a 120-acre campus overlooking the missouri river, about 50 miles north of kansas city, missouri. The college also maintains a campus in florence, italy. Benedictine college has enjoyed enrollment growth for the past two decades and in the fall of 2019 had a full-time undergraduate student body of 1,936 students, nearly tripling benedictine college's enrollment from 20 years ago. For several years now, average gpa has been the highest of any freshman class at any college or university in kansas. It is obvious that benedictine college is attracting both more students as well as the best and the brightest. Over 80% of undergraduate students live on campus in accordance with the college's strong residential tradition. To keep up with its growth, benedictine college has opened 11 new residence halls since the year 2000. The college recently opened the murphy recreation center, a health and fitness facility with exercise machines, rooms for fitness and spinning classes, two basketball courts, and an indoor turfed field. The renovation and expansion of westerman hall of science and engineering is complete, adding 40,000 square feet of laboratory and teaching space to the existing 60,000 square feet. The largest capital project in the history of the college, the westerman upgrade provides one of the best s.t.e.m. Facilities of any small college in america. National surveys place benedictine's student life program highest in overall resident satisfaction and benedictine college's retention rate is consistently above 90%. Our athletes have excelled on the field as well as off, with 67 student-athletes on 14 varsity sports teams receiving heart of america athletic conference scholar athlete recognition and benedictine college being named a champions of character five star institution by the national association of intercollegiate athletics. In the area of academic excellence, benedictine is now one of the few catholic colleges in the nation offering abet-accredited programs in chemical, civil, electrical, and mechanical engineering. Of more than 250 catholic colleges in america, benedictine is one of only four to offer an architecture program. On top of that, benedictine college is the only institution in the naia to offer both architecture and engineering. Several other new majors have been added in recent years, including art, criminology, engineering physics, finance, international business, international studies, evangelization and catechesis, and nursing. The college has now graduated the first eight classes of benedictine engineers and nurses. Once again, all the nurses passed their exams and have jobs in the medical field and the engineers are highly sought. This year, benedictine college appeared in the top 15 colleges in the midwest in the annual u.s. News and world report rankings of america's best colleges. In addition, the cardinal newman society named benedictine college one of the top catholic colleges in the united states in its publication, the newman guide to choosing a catholic college. After an extensive national study in 2008, first things magazine named benedictine college to its top 20. The school is ranked number 18 in the nation by their research, which included more than 2,000 colleges and universities, from american university to yale. The study also ranked benedictine college among the top 5 catholic colleges in the country. Benedictine college has lau

Form 990, Part XI, Line 9

Increase in csv of life insurance $ (8,269) partnership income $ 856 --------- $ (7,413)

Financial Statement Notes

Schedule D, Part III, Line 4

Frederick hart's washington national cathedral collection is an impressive assemblage of sculptures that includes the bas-relief ex nihilo and the life-size castings of the biblical figures adam, st. Peter and st. Paul. In addition to these sculptures from the national cathedral in washington, dc, the artist is best known for his bronze sculptures of three soldiers for the national vietnam war memorial. Benedictine college is the only college to have these first castings available for viewing on a daily basis. Ex nihilo is on exhibit inside the ferrell academic center and the statues of adam, st. Peter and st. Paul are located in the heart of campus along the raven walk. An 8-foot bronze statue of the sacred heart of jesus appears in the raven memorial park. The statue is by noted sculptor e. Spencer schubert, whose work also appears in the royals baseball hall of fame, kansas state university, and in the capital building for the state of missouri. Schubert modeled the face of the sacred heart of jesus statue after the image on the shroud of turin, fourteen folds in jesus' robe represent the stations of the cross; three folds in the center represent the trinity. The presence of these pieces exposes our students and our campus visitors to some truly magnificent artwork, and is another illustration of our commitment to a broad liberal arts education. Other works on campus include a collection of bronze works by sculptor bill hopen in st. Scholastica plaza. This inlcudes the bronze statue of st. Scholastica, the bronze statue of nobel prize winner wangari maathai, the bronze gathering of a benedictine sister with two students, and the bas-relief depicting the arrival of the sisters in atchison in 1863 that is on the front of elizabeth hall. A separate bronze statue of st. Benedict is installed outside the haverty center and is by sculptor tim mispagel. Mispagel recently completed a bronze sculpture of a soaring raven that stands in the entryway to westerman hall of science and engineering and represents the quote from st. John ii that faith and reason are the two wings on which the human spirit soars.

Schedule D, Part V, Line 4

The primary purpose of the endowment is to fund scholarships. The endowment funds are also used to fund business programs and general operations of the college.

Schedule D, Part X, Line 2

Management has evaluated the college's 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.

Schedule D, Part XI, Line 2D

Change in csv of life insurance $ (8,269) bookstore cogs $ 216,744 fundraising expenses $ 253,706 ------------- $ 462,181

SCHEDULE D, PART XI, Line 4B

Scholarships $ 32,123,874 partnership loss $ (856) refunded dining expenses $ 780,345 ------------- $ 32,903,363

Schedule D, Part XII, Line 2D

Bookstore cogs $ 216,744 fundraising expenses $ 253,706 ------------- $ 470,450

Schedule D, Part XII, Line 4B

Scholarships $ 32,123,874 refunded dining expenses $ 780,345 ------------ $ 32,904,219

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