Totals
- Total revenue
- $34,693,082
- Total expenses
- $34,318,017
- Contributions and grants received
- $3,174,707
- Grants paid
- $11,883,784
- Program service revenue
- $29,842,963
- Investment income
- $1,552,342
- Other revenue
- $123,070
- Total assets, end of year
- $76,449,297
- Total liabilities, end of year
- $26,704,186
- Net assets or fund balances, end of year
- $49,745,111
- Program services expenses (Part IX)
- $31,151,067
- Management and general expenses
- $2,467,178
- Fundraising expenses
- $699,772
- Program service expenses (Part III)
- $31,151,067
Program services were 90.8% 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
$8,875
-
1d · Related organizations
$7,125
-
1e · Government grants (contributions)
$563,669
-
1f · All other contributions, gifts and grants
$2,595,038
-
1g · Noncash contributions included above
$304,590
-
2a · Program service revenue: TUITION & FEES
total $25,283,587 · related or exempt $25,283,587
-
2b · Program service revenue: ROOM AND BOARD
total $3,812,368 · related or exempt $3,812,368
-
2c · Program service revenue: SPORTING EVENT ADMISSION
total $54,201 · related or exempt $54,201
-
2f · All other program service revenue
total $692,807 · related or exempt $702,447 · unrelated business -$9,640
-
3 · Investment income
total $1,018,346 · excluded $1,018,346
-
5 · Royalties
total $1,093 · excluded $1,093
-
6a · Gross rents
real property $68,544
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $68,544
-
6d · Net rental income or loss
total $68,544 · excluded $68,544
-
7a · Gross sales of assets other than inventory
securities $5,410,304
-
7b · Less cost or other basis and sales expenses
securities $4,876,308
-
7c · Gain or loss
securities $533,996
-
7d · Net gain or loss
total $533,996 · excluded $533,996
-
8a · Fundraising events: gross income
$40,996
-
8a · Fundraising events: contributions included on line 1c
$8,875
-
8b · Fundraising events: direct expenses
$11,252
-
8c · Net income from fundraising events
total $29,744 · excluded $29,744
-
10a · Gross sales of inventory
$124,478
-
10b · Cost of goods sold
$100,789
-
10c · Net income from sales of inventory
total $23,689 · related or exempt $23,689
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,000 · program services $6,000
-
2 · Grants to domestic individuals
total $11,877,784 · program services $11,877,784
-
5 · Compensation of officers, directors and key employees
total $669,410 · management and general $669,410
-
7 · Other salaries and wages
total $9,797,105 · program services $8,966,958 · management and general $486,746 · fundraising $343,401
-
8 · Pension plan contributions
total $293,418 · program services $275,888 · management and general $4,984 · fundraising $12,546
-
9 · Other employee benefits
total $1,062,139 · program services $941,748 · management and general $77,563 · fundraising $42,828
-
10 · Payroll taxes
total $687,991 · program services $592,675 · management and general $72,795 · fundraising $22,521
-
11c · Fees: accounting
total $11,725 · management and general $11,725
-
11d · Fees: lobbying
total $224 · program services $224
-
11e · Fees: professional fundraising services
total $79,999 · fundraising $79,999
-
11f · Fees: investment management
total $133,764 · management and general $133,764
-
11g · Fees: other
total $818,603 · program services $702,957 · management and general $89,927 · fundraising $25,719
-
12 · Advertising and promotion
total $306,236 · program services $294,188 · management and general $11,470 · fundraising $578
-
13 · Office expenses
total $469,788 · program services $303,536 · management and general $134,760 · fundraising $31,492
-
14 · Information technology
total $546,399 · program services $53,465 · management and general $492,934
-
16 · Occupancy
total $767,952 · program services $752,490 · management and general $11,545 · fundraising $3,917
-
17 · Travel
total $699,693 · program services $680,021 · management and general $8,969 · fundraising $10,703
-
20 · Interest
total $941,706 · program services $805,682 · management and general $97,658 · fundraising $38,366
-
22 · Depreciation, depletion and amortization
total $1,549,619 · program services $1,525,344 · management and general $18,206 · fundraising $6,069
-
23 · Insurance
total $256,554 · program services $253,277 · management and general $2,458 · fundraising $819
-
24a · Other expenses: FOOD SERVICES
total $1,035,576 · program services $1,008,391 · management and general $4,574 · fundraising $22,611
-
24b · Other expenses: SUPPLIES
total $750,886 · program services $725,014 · management and general $8,101 · fundraising $17,771
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $382,963 · program services $289,965 · management and general $91,817 · fundraising $1,181
-
24d · Other expenses: ACTIVITIES
total $242,280 · program services $242,280
-
24e · All other expenses
total $930,203 · program services $853,180 · management and general $37,772 · fundraising $39,251
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,637,497 · end of year $2,193,558
-
3 · Pledges and grants receivable
beginning of year $1,723,157 · end of year $1,186,367
-
4 · Accounts receivable
beginning of year $1,166,679 · end of year $1,389,099
-
7 · Other notes and loans receivable
beginning of year $852,846 · end of year $776,872
-
9 · Prepaid expenses and deferred charges
beginning of year $780,056 · end of year $466,000
-
10a · Land, buildings and equipment: cost or other basis
$57,182,116
-
10b · Land, buildings and equipment: accumulated depreciation
$26,543,629
-
10c · Land, buildings and equipment, net
beginning of year $31,137,897 · end of year $30,638,487
-
11 · Investments: publicly traded securities
beginning of year $33,701,817 · end of year $38,169,180
-
12 · Investments: other securities
beginning of year $696,381 · end of year $874,107
-
15 · Other assets
beginning of year $98,175 · end of year $755,627
-
17 · Accounts payable and accrued expenses
beginning of year $941,937 · end of year $1,135,231
-
19 · Deferred revenue
beginning of year $1,262,761 · end of year $1,439,631
-
20 · Tax-exempt bond liabilities
beginning of year $12,952,857 · end of year $12,482,068
-
23 · Secured mortgages and notes payable
beginning of year $5,229,607 · end of year $5,046,103
-
25 · Other liabilities
beginning of year $6,269,993 · end of year $6,601,153
-
27 · Net assets without donor restrictions
beginning of year $9,549,040 · end of year $9,027,133
-
28 · Net assets with donor restrictions
beginning of year $35,588,310 · end of year $40,717,978
Mission and programs · 2023
Mission
MOUNT MARTY UNIVERSITY, AN ACADEMIC COMMUNITY IN THE CATHOLIC BENEDICTINE LIBERAL ARTS TRADITION, PREPARES STUDENTS FOR A CONTEMPORARY WORLD OF WORK, SERVICE TO THE HUMAN COMMUNITY, AND PERSONAL GROWTH. THE INSTITUTION IS A PRIVATE, CATHOLIC COLLEGE OF HIGHER LEARNING.
Activities or mission (Part I)
THE INSTITUTION IS A PRIVATE, CATHOLIC UNIVERSITY OF HIGHER LEARNING.
-
PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,314 STUDENTS.
Expenses $31,151,067 · Grants $11,883,784 · Revenue $29,876,292
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Jim FitzgeraldDR JIM FITZGERALD
CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Mr Rob StephensonMR ROB STEPHENSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Mr Denis FokkenMR DENIS FOKKEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
S Mary Jo PolakS MARY JO POLAK
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Dr J Lee JohnsonDR J LEE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Dr Rachel VannattaDR RACHEL VANNATTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Fr James KeiterFR JAMES KEITER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
S Penny BinghamS PENNY BINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Mr Daryl ThuringerMR DARYL THURINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Mr Donald RobyMR DONALD ROBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Mr John PorterMR JOHN PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Mr Shawn GallagherMR SHAWN GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Mr Michael DonohoeMR MICHAEL DONOHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
S Barbara McTagueS BARBARA MCTAGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
S Carol Jean VandenhemelS CAROL JEAN VANDENHEMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
S Mildred BuschS MILDRED BUSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
S Patricia Ann ToscanoS PATRICIA ANN TOSCANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3
-
Dr Marcus LongDR MARCUS LONG
PRESIDENT
- Total calculated
- $314,872
- From this org
- $279,185
- From related orgs
- $0
- Other
- $35,687
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $254,705
- Bonus
- $0
- Other
- $24,480
- Deferred
- $12,545
- Nontaxable benefits
- $23,194
- Filer's total
- $314,924
-
Lori ReadLORI READ
CFO/VP OF FINANCE AND ADMINISTRATION
- Total calculated
- $98,428
- From this org
- $88,820
- From related orgs
- $0
- Other
- $9,608
- Hours/week
- 40
-
William MillerWILLIAM MILLER
EXECUTIVE VICE PRESIDENT A
- Total calculated
- $190,644
- From this org
- $158,808
- From related orgs
- $0
- Other
- $31,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,688
- Bonus
- $0
- Other
- $120
- Deferred
- $8,693
- Nontaxable benefits
- $23,195
- Filer's total
- $190,696
-
James BarnettJAMES BARNETT
ASST. PROF.-NURSE ANESTHESIA
- Total calculated
- $182,093
- From this org
- $172,122
- From related orgs
- $0
- Other
- $9,971
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,922
- Bonus
- $0
- Other
- $4,200
- Deferred
- $8,471
- Nontaxable benefits
- $4,062
- Filer's total
- $184,655
-
Larry DahlenLARRY DAHLEN
PROF.-NURSE ANESTHESIA
- Total calculated
- $209,931
- From this org
- $181,999
- From related orgs
- $0
- Other
- $27,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,699
- Bonus
- $0
- Other
- $6,300
- Deferred
- $9,348
- Nontaxable benefits
- $18,636
- Filer's total
- $209,983
-
Brock SmithBROCK SMITH
ASST. PROF.-NURSE ANESTHESIA
- Total calculated
- $189,851
- From this org
- $178,710
- From related orgs
- $0
- Other
- $11,141
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,310
- Bonus
- $0
- Other
- $8,400
- Deferred
- $8,641
- Nontaxable benefits
- $2,552
- Filer's total
- $189,903
-
Andrea RobertsANDREA ROBERTS
DIR. AND ASST. PROF.-ANESTHESIA
- Total calculated
- $260,600
- From this org
- $219,340
- From related orgs
- $0
- Other
- $41,260
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,540
- Bonus
- $0
- Other
- $16,800
- Deferred
- $10,977
- Nontaxable benefits
- $30,336
- Filer's total
- $260,653
-
Taylor RehfeldtTAYLOR REHFELDT
ASST. PROF.-NURSE ANESTHESIA
- Total calculated
- $206,093
- From this org
- $195,412
- From related orgs
- $0
- Other
- $10,681
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,412
- Bonus
- $0
- Other
- $0
- Deferred
- $9,814
- Nontaxable benefits
- $920
- Filer's total
- $206,146
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
- 1b · Written policy on the line-1a expenses
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE PRESIDENT OF MOUNT MARTY UNIVERSITY, DR. MARCUS LONG, RECEIVES $2,000 PER MONTH FOR A HOUSING STIPEND. THIS AMOUNT IS TAXABLE ON HIS W-2.
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
-
BISHOP O'GORMAN CATHOLIC SCHOOL
$6,000
SPONSORSHIP
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BENEDICTINE CONVENT OF SACRED HEART DBA SACRED HEART MONASTARY
501(C)(3) · RELIGIOUS ORDER · SD
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (1)
T · CRT · SD · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510629349301321
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.