Civic Intelligence

Benedictine College

990 • Fiscal year 2023 • EIN 48-0777079

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

56th percentile

0.33x

Higher debt load relative to assets than 56% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.61x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

66th percentile

8.6%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$516,079

Higher top officer pay than 55% of similar nonprofits.

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

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

54th percentile

7.2%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$207,253,988

Up $13,893,646 (+7.2%) from 2022

Net Assets

Up

$138,905,899

Up $11,926,966 (+9.4%) from 2022

Liabilities

Up

$68,348,089

Up $1,966,680 (+3.0%) from 2022

Revenue

Down

$111,345,355

Down $20,258,225 (-15%) from 2022

Expenses

Up

$101,761,141

Up $1,508,145 (+1.5%) from 2022

Net Income

Down

$9,584,214

Down $21,766,370 (-69%) from 2022

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$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: $126,978,9332022Assets 2023: $207,253,988Liabilities 2023: $68,348,089Net Assets 2023: $138,905,8992023

Highlighted filing

2023

Assets$207,253,988
Liabilities$68,348,089
Net Assets$138,905,899

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: $31,350,5842022Revenue 2023: $111,345,355Expenses 2023: $101,761,141Net Income 2023: $9,584,2142023

Highlighted filing

2023

Revenue$111,345,355
Expenses$101,761,141
Net Income$9,584,214
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$112,328,132
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$84,775,755$96,138,789▲ $11,363,034
Investments in Publicly Traded Securities$53,518,633$76,341,465▲ $22,822,832
Pledges and Grants Receivable$15,752,866$12,182,792▼ $3,570,074
Savings and Temporary Cash Investments$28,688,301$9,372,085▼ $19,316,216
Investments Other Securities$2,869,995$3,703,433▲ $833,438
Cash and Non-Interest-Bearing Accounts$1,211,325$2,430,566▲ $1,219,241
Prepaid Expenses and Deferred Charges$799,910$1,616,219▲ $816,309
Accounts Receivable$713,753$1,028,509▲ $314,756
Investments Program Related$1,077,035$660,435▼ $416,600
Inventories for Sale or Use$342,147$368,017▲ $25,870
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$193,360,342$207,253,988▲ $13,893,646
Other Assets Total$3,610,622$3,411,678▼ $198,944
Liabilities
Tax Exempt Bond Liabilities$58,723,884$58,715,720▼ $8,164
Accounts Payable and Accrued Expenses$4,577,862$7,910,564▲ $3,332,702
Other Liabilities$2,099,030$1,543,298▼ $555,732
Deferred Revenue$980,633$178,507▼ $802,126
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$66,381,409$68,348,089▲ $1,966,680
Net Assets / Fund Balance
Net Assets With Donor Restrictions$65,823,739$74,307,654▲ $8,483,915
Net Assets Without Donor Restrictions$61,155,194$64,598,245▲ $3,443,051
Total Net Assets Fund Balance$126,978,933$138,905,899▲ $11,926,966
Total Liabilities and Net Assets / Fund Balance$193,360,342$207,253,988▲ $13,893,646

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$92,531,643$87,175,360$179,707,003
Equipment$2,367,751$18,035,829$20,403,580
Land$1,239,395-$1,239,395

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$49,520,930$2,956,507▲ $5,516,834$699,050$56,544,004
2022$48,675,190$7,848,284▼ $5,780,178$592,802$49,520,930
2021$38,987,593$1,894,512▲ $8,929,649$583,238$48,675,190
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen D MinnisPresidentFT$337,017$179,062$516,079
Kelly VowelsVP of AdvancementFT$159,842$63,723$223,565
Tom HoopesVP for College RelationsFT$110,519$104,020$214,539
Jacqulene HarrisDirector of NursingFT$147,327$39,927$187,254
Michael KingAssociate Professor/chairFT$126,113$59,044$185,157
Kimberly C ShankmanVice PresidentFT$140,291$42,589$182,880
Pete HelgesenVP of Enrollment InitiativesFT$141,750$6,713$148,463
Kristie R ScholzAsst TreasurerFT$104,353$41,068$145,421
Linda HenryVP of Student LifeFT$119,570$13,382$132,952
Ronald J OlingerFormer Treasurer and CFO-$100,434$17,125$117,559
Stan SluderTreasurer and CBOFT$84,896$4,088$88,984

Highest Paid Contractors

ContractorServicesLocationCompensation
Lawhon ContstructionConstruction519 MAIN ST, St Joseph, MO 64501$5,736,840
AramarkFood Service1101 MARKET ST, Philadelphia, PA 19103$4,779,425
Straub Construction Co INCConstruction7775 MEADOW VIEW DR, Shawnee, KS 66227$4,516,890
City Wide Maintenance Company INCHousekeeping15230 W 105TH TERR, Lenexa, KS 66219$1,069,456
EabFundraising&softwareP O BOX 603519, Charlottte, NC 28260-3519$1,010,911
Revenue and Support

Revenue Composition

Contributions and Grants
$13,099,777
Program Service Revenue
$91,377,420
Investment Income
$4,580,261
Other Revenue
$2,287,897
All Other Contributions
$11,478,672
Change in Net Assets
$9,584,214

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 Traded35$634,148Fair Market Value (FMV)
Other Non Cash Contri Table8$3,422Fair Market Value (FMV)
Books and Publications-$3,020Fair Market Value (FMV)
Other Non Cash Contri Table9$1,405Fair Market Value (FMV)
Total Noncash Contributions52$641,995-

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,552,995
Revenue Not Reported on Financial Statements
$39,792,360
Revenue Not Reported on Form 990
$2,989,757
Other Revenue Adjustments
$39,617,209
Total Revenue per Audited Statements
$74,542,752
Total Revenue per Form 990
$111,345,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,765,574
Other Expenses$31,484,592
Salaries, Compensation, and Employee Benefits$30,309,911
Total Fundraising Expense$2,549,797
Professional Fundraising Fees$201,064

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$39,613,738--$39,613,738
Other Salaries and Wages$17,664,864$2,362,694$907,319$20,934,877
Fees for Services Other$7,717,956$685,911$222,848$8,626,715
Depreciation Depletion$6,521,170$861,295$20,127$7,402,592
Other Employee Benefits$2,550,055$3,486,464$94,178$6,130,697
All Other Expenses-$1,795,602$402,617$2,198,219
Occupancy$1,444,587$388,443$83,207$1,916,237
Office Expenses$1,331,281$452,206$66,046$1,849,533
Travel$1,376,032$100,262$131,673$1,607,967
Interest$1,517,233--$1,517,233
Other Expenses$1,120,690$325,529$70,445$1,516,664
Payroll Taxes$1,224,012$160,687$64,084$1,448,783
Information Technology$200,057$792,319$8,817$1,001,193
Current Officers, Directors, Trustees, and Key Employees$189,643$747,108-$936,751
Pension Plan Contributions$554,958$62,771$31,536$649,265
Insurance$472,068$136,869$29,619$638,556
Comp Disqual Persons--$209,538$209,538
Fees for Services Professional Fundraising--$201,064$201,064
Fees for Service Investment Mgmnt Fees-$175,151-$175,151
Grants to Domestic Orgs$124,877--$124,877
Fees for Services Legal-$124,453-$124,453
Fees for Services Accounting-$97,467-$97,467
Conferences and Meetings$61,391$23,004$6,679$91,074
Advertising$8,986$64,527-$73,513
Fees for Services Lobbying-$38,500-$38,500
Foreign Grants$26,959--$26,959
Total Functional Expenses$86,330,082$12,881,262$2,549,797$101,761,141

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$101,761,141
Total Expenses per Audited Statements$62,615,786
Expenses per Audited Statements$61,972,252
Expenses Not Reported on Financial Statements$39,788,889
Other Expense Adjustments$39,613,738
Expenses Not Reported on Form 990$643,534
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Napa InstituteIrvine, CA501(c)(3)General Support$20,000
Seymour InstituteBoston, MA501(c)(3)General Support$17,791
FocusGolden, CO501(c)(3)General Support$11,740
Praying Pelican MissionsMinneapolis, MN501(c)(3)General Support$10,760
Head for the Cure FoundationKansas City, MO501(c)(3)General Support$10,000
National Catholic Prayer BreakfastWashington, DC501(c)(3)General Support$7,500

International Summary

Spending
$1,402,742

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 Services---$827,026
Europe (including Iceland and Greenland)Program ServicesEducation/mission Trip--$259,763
Central America and the CaribbeanProgram ServicesEducation/mission Trip--$102,894
South AmericaProgram ServicesStudy Abroad--$90,864
Sub-saharan AfricaProgram Services---$36,078
North AmericaProgram ServicesEducation/mission Trip--$36,018
East Asia and the PacificProgram ServicesEducation/mission Trip--$23,140
Europe (Including Iceland and Greenland)GrantmakingEducation/mission Trip--$17,859
Central America and the CaribbeanGrantmakingEducation/mission Trip--$9,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$320,935
Professional Fundraising Fees$201,064
Fundraising Gross Income$140,009
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholar Ball$1,374,273$88,500$131,955$-43,455
Golf Classic$39,914$21,095$3,249$17,846
Total Events$1,484,598$140,009$320,935$-180,926
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Part V--Yes-

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
Student and Other Deposits$459,334
Refundable Govt Loan Programs$437,500
Right of Use Liabilities$297,438
Annuity & Trust Obligations$285,702
Assets Held for Others$44,150
Asset Retirement Obligation$19,174

Bond Issues

BondIssuerIssuedIssue PricePurpose
AAtchison County Kansas2016-07-07$8,380,000SEE NOTE IN PART VI.
BAtchison County Kansas2022-10-01$8,335,000SEE NOTE IN PART VI.
CAtchison County Kansas2018-07-05$7,625,000SEE NOTE IN PART VI.
CAtchison County Kansas2021-09-23$7,200,000SEE NOTE IN PART VI.
BAtchison County Kansas2018-02-22$6,358,361SEE NOTE IN PART VI.
AAtchison County Kansas2021-10-01$4,703,000SEE NOTE IN PART VI.
AAtchison County Kansas2023-06-14$4,000,000SEE NOTE IN PART VI.
DAtchison County Kansas2020-03-03$3,929,000SEE NOTE IN PART VI.
DAtchison County Kansas2022-03-23$3,115,000SEE NOTE IN PART VI.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,380,000$8,296,200$2,995,000$83,800
B$8,335,000$8,335,000$0$0
C$7,625,000$7,474,410$4,035,000$150,590
C$7,233,696$0$0$144,000
B$6,358,361$6,301,166$3,445,000$57,195
A$4,703,000$4,703,000$139,000$0
A$4,000,000$0$0$79,320
D$3,929,000$3,929,000$1,185,000$0
D$3,155,979$0$0$61,823

Bond Financing Compliance

No rebate due
Yes
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. Daniel fangman and s. Esther fangman, osb 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 & 15B

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 2021. 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. 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
% STAN SLUDER
Phone
9133675340
Address
1020 N 2ND ST, ATCHISON, KS 66002

Signing Officer

Name
Stan Sluder
Title
CBO
Phone
9133675340
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen D Minnis
Formed
1971
Legal Domicile
Ks
Voting Board Members
36
Independent Board Members
29
Employees
1,388
Volunteers
36

Preparer

Firm
Forvis Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
April Arnold
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 greatest 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 2023 had a full-time undergraduate student body of 2,213 students, more than doubling 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 12 new residence halls since the year 2000, with additional row houses currently under construction. The college's 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, is a top-rated facility that has added to the student experience on campus. The renovation and expansion of westerman hall of science and engineering added 40,000 square feet of laboratory and teaching space to the existing 60,000 square-foot building. The westerman upgrade has provided 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%. The college also recently signed a collaborative affiliation agreement with catholic healthcare international, beginning the process of establishing a new medical school on the benedictine college campus. The proposed st. Padre pio institute for the relief of suffering, school of osteopathic medicine at benedictine college will bring additional faculty, staff and high-level medical students to the city of atchison. Our athletes have excelled on the field as well as off, with both students and teams receiving heart of america athletic conference scholar athlete recognition and benedictine college being named champions of character five star institution by the national association of intercollegiate athletics. The women's lacrosse team recently won the national championship and the men's and women's cross country teams both won the heart of america athletic conference championships and competed in the national race. 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, graphic design, criminology, engineering physics, finance, international business, international studies, evangelization and catechesis, and nursing. The nursing students regularly have a 100% pass rate on their certification exam and all hold jobs in the medical field. This year, benedictine college appeared in the top 10 colleges in the midwest in the annual u.s. News and world report rankings of ame

Form 990, Part XI, Line 9

Increase in csv of life insurance $ (17,219) income from investments $ ( 3,471) ---------- $ (20,690)

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 $ (17,219) bookstore cogs $ 314,490 fundraising expenses $ 320,935 --------------- $ 618,206

SCHEDULE D, PART XI, Line 4B

SCHOLARSHIPS $ 39,613,738 Income from investments $ 3,471 -------------- $ 39,617,209

Schedule D, Part XII, Line 2D

Bookstore cogs $ 314,490 fundraising expenses $ 320,935 ------------- $ 635,425

Schedule D, Part XII, Line 4B

Scholarships $ 39,613,738

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IRS990/Form990PartVIISectionAGrp/PersonNm1KELLY VOWELS
IRS990/Form990PartVIISectionAGrp/PersonNm2TOM HOOPES
IRS990/Form990PartVIISectionAGrp/PersonNm3JACQULENE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL KING
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMBERLY C SHANKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6PETE HELGESEN
IRS990/Form990PartVIISectionAGrp/PersonNm7KRISTIE R SCHOLZ
IRS990/Form990PartVIISectionAGrp/PersonNm8LINDA HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm9RONALD J OLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm10STAN SLUDER
IRS990/Form990PartVIISectionAGrp/PersonNm11ABBOT JAMES ALBERS OSB
IRS990/Form990PartVIISectionAGrp/PersonNm12LARRY BUESSING
IRS990/Form990PartVIISectionAGrp/PersonNm13LENE WESTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14KATHRYN WEISHAR DALZELL
IRS990/Form990PartVIISectionAGrp/PersonNm15DANIEL FANGMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVYEON ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm17MIKE BOLAND
IRS990/Form990PartVIISectionAGrp/PersonNm18ALIETIA CAUGHRON
IRS990/Form990PartVIISectionAGrp/PersonNm19MIKE KUCKELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20SEAN DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm21S ESTHER FANGMAN OSB
IRS990/Form990PartVIISectionAGrp/PersonNm22HELEN HEALY
IRS990/Form990PartVIISectionAGrp/PersonNm23KEVIN O'MALLEY
IRS990/Form990PartVIISectionAGrp/PersonNm24MIKE GANGEL
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN HARPOLE
IRS990/Form990PartVIISectionAGrp/PersonNm26FR JAY KYTHE OSB
IRS990/Form990PartVIISectionAGrp/PersonNm27THERESA MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm28S JEANNINE NEAVITT OSB
IRS990/Form990PartVIISectionAGrp/PersonNm29PATRICK J STUEVE
IRS990/Form990PartVIISectionAGrp/PersonNm30MONTSE ALVARADO
IRS990/Form990PartVIISectionAGrp/PersonNm31SCOTT KINCAID
IRS990/Form990PartVIISectionAGrp/PersonNm32MATTHEW MCCLOREY
IRS990/Form990PartVIISectionAGrp/PersonNm33DANIELLE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm34PATRICK CARR
IRS990/Form990PartVIISectionAGrp/PersonNm35S BRIDGET DICKASON OSB
IRS990/Form990PartVIISectionAGrp/PersonNm36FR MATTHEW HABIGER OSB
IRS990/Form990PartVIISectionAGrp/PersonNm37DONALD RAY NEAL JR
IRS990/Form990PartVIISectionAGrp/PersonNm38DIANNE RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm39KEN WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm40CRAIG HUSTING
IRS990/Form990PartVIISectionAGrp/PersonNm41S CAROL ANN PETERSEN OSB
IRS990/Form990PartVIISectionAGrp/PersonNm42DONNELL REHAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm43JOE ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm44MARK SCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm45S MARY ELIZABETH SCHWEIGER OSB
IRS990/Form990PartVIISectionAGrp/PersonNm46FR MAURICE HAEFLING OSB
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0357217
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1167466
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2118143
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3147534
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4126327
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5148005
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6141750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7104353
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8119570
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9101378
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1084896
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$207$68.3$139$111$102$9.58
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$193$66.4$127$132$100$31.4
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$164$58.7$105$96.4$88.5$7.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$156$66.2$89.5$89.0$86.4$2.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$63.7$86.1$84.1$83.7$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$151$66.3$85.1$77.4$76.7$0.70
2015Detailed filing. Detailed filing data is available for this year.$135$56.7$78.2$72.1$66.2$5.93
2014Detailed filing. Detailed filing data is available for this year.$130$56.2$73.9$67.6$61.1$6.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$43.8$65.6$57.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$48.6$64.6$51.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.3$35.4$60.9$44.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.8$34.2$52.6$41.0