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Nonprofiteer
← MOUND FARM HOLDINGS INC

Form 990 for tax year 2022

Filed by MOUND FARM HOLDINGS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 25 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$54,383,606
Total expenses
$57,406,187
Contributions and grants received
$6,462,921
Grants paid
$21,836,920
Program service revenue
$46,095,226
Investment income
$1,020,166
Other revenue
$805,293
Total assets, end of year
$100,941,068
Total liabilities, end of year
$15,526,570
Net assets or fund balances, end of year
$85,414,498
Program services expenses (Part IX)
$51,383,750
Management and general expenses
$5,082,754
Fundraising expenses
$939,683
Program service expenses (Part III)
$51,383,750

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $48,784

  • 1e · Government grants (contributions)

    $171,603

  • 1f · All other contributions, gifts and grants

    $6,242,534

  • 1g · Noncash contributions included above

    $24,458

  • 2a · Program service revenue: TUITION & FEES

    total $40,384,864 · related or exempt $40,384,864

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $5,063,371 · related or exempt $5,063,371

  • 2c · Program service revenue: FEES & ASSESSMENTS

    total $646,991 · related or exempt $646,991

  • 3 · Investment income

    total $656,695 · unrelated business $38,992 · excluded $617,703

  • 7a · Gross sales of assets other than inventory

    securities $19,390,208

  • 7b · Less cost or other basis and sales expenses

    securities $19,026,737

  • 7c · Gain or loss

    securities $363,471

  • 7d · Net gain or loss

    total $363,471 · excluded $363,471

  • 8a · Fundraising events: gross income

    $9,216

  • 8a · Fundraising events: contributions included on line 1c

    $48,784

  • 8b · Fundraising events: direct expenses

    $16,916

  • 8c · Net income from fundraising events

    total -$7,700 · excluded -$7,700

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $812,993 · excluded $812,993

  • 11e · Other revenue, total

    $812,993

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,208,731 · program services $19,208,731

  • 3 · Grants to foreign organizations and individuals

    total $2,628,189 · program services $2,628,189

  • 5 · Compensation of officers, directors and key employees

    total $917,355 · management and general $825,619 · fundraising $91,736

  • 7 · Other salaries and wages

    total $15,192,420 · program services $13,678,560 · management and general $1,023,094 · fundraising $490,766

  • 8 · Pension plan contributions

    total $676,304 · program services $621,672 · management and general $33,745 · fundraising $20,887

  • 9 · Other employee benefits

    total $1,276,624 · program services $1,158,089 · management and general $77,948 · fundraising $40,587

  • 10 · Payroll taxes

    total $1,106,367 · program services $946,845 · management and general $120,078 · fundraising $39,444

  • 11b · Fees: legal

    total $88,712 · management and general $88,712

  • 11c · Fees: accounting

    total $103,530 · management and general $103,530

  • 11e · Fees: professional fundraising services

    total $111,220 · fundraising $111,220

  • 11f · Fees: investment management

    total $120,087 · management and general $120,087

  • 11g · Fees: other

    total $4,012,499 · program services $3,077,839 · management and general $906,756 · fundraising $27,904

  • 12 · Advertising and promotion

    total $1,422,039 · program services $965,820 · management and general $441,882 · fundraising $14,337

  • 13 · Office expenses

    total $356,056 · program services $320,242 · management and general $28,443 · fundraising $7,371

  • 14 · Information technology

    total $214,652 · program services $145,787 · management and general $66,701 · fundraising $2,164

  • 16 · Occupancy

    total $1,909,739 · program services $1,725,419 · management and general $153,249 · fundraising $31,071

  • 17 · Travel

    total $194,438 · program services $189,818 · management and general $2,766 · fundraising $1,854

  • 19 · Conferences, conventions and meetings

    total $173,630 · program services $117,926 · management and general $53,953 · fundraising $1,751

  • 20 · Interest

    total $567,655 · program services $549,476 · management and general $14,971 · fundraising $3,208

  • 22 · Depreciation, depletion and amortization

    total $2,825,783 · program services $2,735,293 · management and general $74,521 · fundraising $15,969

  • 23 · Insurance

    total $433,116 · program services $389,551 · management and general $34,599 · fundraising $8,966

  • 24a · Other expenses: ATHLETICS

    total $1,488,018 · program services $1,010,632 · management and general $462,384 · fundraising $15,002

  • 24b · Other expenses: EQUIP, SUPPLIES, MAINT.

    total $1,141,663 · program services $1,114,538 · management and general $16,239 · fundraising $10,886

  • 24c · Other expenses: BAD DEBT

    total $287,171 · program services $195,041 · management and general $89,235 · fundraising $2,895

  • 24d · Other expenses: MEMBERSHIP & JOURNALS

    total $165,104 · program services $112,135 · management and general $51,304 · fundraising $1,665

  • 24e · All other expenses

    total $785,085 · program services $492,147 · management and general $292,938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,500 · end of year $2,500

  • 2 · Savings and temporary cash investments

    beginning of year $9,500,253 · end of year $10,351,795

  • 3 · Pledges and grants receivable

    beginning of year $897,237 · end of year $1,649,965

  • 4 · Accounts receivable

    beginning of year $1,223,443 · end of year $1,562,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,720,805 · end of year $1,383,579

  • 10a · Land, buildings and equipment: cost or other basis

    $92,602,062

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,017,449

  • 10c · Land, buildings and equipment, net

    beginning of year $49,040,134 · end of year $47,584,613

  • 11 · Investments: publicly traded securities

    beginning of year $27,629,823 · end of year $24,611,770

  • 12 · Investments: other securities

    beginning of year $10,823,523 · end of year $11,045,214

  • 13 · Investments: program-related

    beginning of year $319,693 · end of year $292,095

  • 15 · Other assets

    beginning of year $2,768,887 · end of year $2,457,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,116,008 · end of year $1,886,671

  • 19 · Deferred revenue

    beginning of year $399,824 · end of year $346,402

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,473,394 · end of year $12,710,780

  • 23 · Secured mortgages and notes payable

    beginning of year $148,571 · end of year $107,143

  • 25 · Other liabilities

    beginning of year $373,445 · end of year $475,574

  • 27 · Net assets without donor restrictions

    beginning of year $52,565,699 · end of year $46,442,609

  • 28 · Net assets with donor restrictions

    beginning of year $33,849,357 · end of year $38,971,889

Mission and programs · 2022

Mission

CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING.

Activities or mission (Part I)

PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,500 STUDENTS.

  • INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MA IN EDUCATION, MM, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2022, THERE WERE 1,081 TRADITIONAL, 83 ACCELERATED AND 157 GRADUATE, 107 ONLINE, AND 98 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,141; GRADUATE FTE WAS 219.

    Expenses $33,763,859 · Grants $21,836,920 · Revenue $40,384,864

  • AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES.

    Expenses $4,929,806 · Revenue $5,063,371

  • ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES.

    Expenses $3,907,141 · Revenue $646,991

  • STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID.

    Expenses $8,782,944

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Rohde

    BOARD CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michele Busse

    BOARD CHAIR-ELECT & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sister Margaret Weigel

    BOARD SECRETARY & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandt Worley

    IMMEDIATE PAST CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Barhamand

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terri Christoffersen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Loren Coppock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tami Culver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Melanie Giesler-Spellman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Magda Golobic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sister Delores Hannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Herold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy Kasparek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Kazimour

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Kettelkamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Knapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Nikrant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sister Susan O'Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sister Laura Reicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Vincent Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leann Ridgeway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Rinderknecht

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dyan Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristen Trovas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Wehr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Ruth White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd Olson

    PRESIDENT

    Total calculated
    $336,402
    From this org
    $278,967
    From related orgs
    $0
    Other
    $57,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $30,000
    Other
    $8,967
    Deferred
    $14,400
    Nontaxable benefits
    $43,035
    Filer's total
    $336,402

  • Anne Gillespie

    VP FOR BUSINESS AND FINANCE

    Total calculated
    $219,631
    From this org
    $170,546
    From related orgs
    $0
    Other
    $49,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,546
    Bonus
    $0
    Other
    $0
    Deferred
    $10,404
    Nontaxable benefits
    $38,681
    Filer's total
    $219,631

  • Timothy Laurent

    PROVOST

    Total calculated
    $201,454
    From this org
    $154,003
    From related orgs
    $0
    Other
    $47,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,003
    Bonus
    $0
    Other
    $0
    Deferred
    $9,676
    Nontaxable benefits
    $37,775
    Filer's total
    $201,454

  • Brenda Haefner

    VP FOR DEV & ALUMNI RELATIONS

    Total calculated
    $212,705
    From this org
    $151,625
    From related orgs
    $0
    Other
    $61,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,625
    Bonus
    $0
    Other
    $0
    Deferred
    $9,757
    Nontaxable benefits
    $51,323
    Filer's total
    $212,705

  • Kim Bro

    DEAN COLLEGE OF NURSING & HEALTH

    Total calculated
    $144,780
    From this org
    $119,515
    From related orgs
    $0
    Other
    $25,265
    Hours/week
    40

  • Todd Coleman

    VP FOR ENROL. & STUDENT SUCCESS

    Total calculated
    $146,307
    From this org
    $116,206
    From related orgs
    $0
    Other
    $30,101
    Hours/week
    40

  • Nate Klein

    VP FOR STUDENT SUCCESS

    Total calculated
    $135,366
    From this org
    $112,284
    From related orgs
    $0
    Other
    $23,082
    Hours/week
    40

  • Tom Castle

    AVP / VICE PROVOST

    Total calculated
    $150,997
    From this org
    $111,775
    From related orgs
    $0
    Other
    $39,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,775
    Bonus
    $0
    Other
    $0
    Deferred
    $7,193
    Nontaxable benefits
    $32,029
    Filer's total
    $150,997

  • Tom Doermann

    AVP FOR HR & OPERATIONS

    Total calculated
    $130,068
    From this org
    $104,323
    From related orgs
    $0
    Other
    $25,745
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PRESIDENT IS AUTHORIZED PER CONTRACT TO HAVE SPOUSE ACCOMPANY HIM TO EVENTS, BUT NO SPOUSE TRAVEL OCCURRED IN FISCAL YEAR 2022-23. THE PRESIDENT LIVED IN UNIVERSITY PAID HOUSING, NOW OWNS HIS OWN HOME (PURCHASED AUGUST 2022) AND DOES NOT RECEIVE A HOUSING ALLOWANCE. THE PRESIDENT AND VP FOR DEVELOPMENT HAVE COUNTRY CLUB MEMBERSHIPS PAID FOR BY THE UNIVERSITY AS PART OF HIS REGULAR JOB RESPONSIBILITIES. THESE BENEFITS WERE NOT INCLUDED IN HIS TAXABLE COMPENSATION.
PART I, LINE 7
THE PRESIDENT RECEIVED A PERFORMANCE BONUS OF $30,000 PER HIS EMPLOYMENT CONTRACT IN CALENDAR YEAR 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202333529349300333

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