Form 990 for tax year 2023

Filed by COLLEGE OF ST BENEDICT BUSINESS OFF.

Totals

Total revenue: $105,654,679
Total expenses: $109,858,655
Contributions and grants received: $8,754,442
Grants paid: $44,863,821
Program service revenue: $92,867,636
Investment income: $3,678,822
Other revenue: $353,779
Total assets, end of year: $280,656,848
Total liabilities, end of year: $46,675,117
Net assets or fund balances, end of year: $233,981,731
Program services expenses (Part IX): $96,980,252
Management and general expenses: $9,912,282
Fundraising expenses: $2,966,121
Program service expenses (Part III): $96,980,252

Program services were 88.3% 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

$22,735
1d · Related organizations

$7,700
1e · Government grants (contributions)

$1,488,783
1f · All other contributions, gifts and grants

$7,235,224
1g · Noncash contributions included above

$231,713
2a · Program service revenue: TUITION AND FEES

total $76,147,630 · related or exempt $76,147,630
2b · Program service revenue: AUXILIARY REVENUE

total $15,968,997 · related or exempt $15,594,162 · unrelated business $374,835
2c · Program service revenue: OTHER SOURCES - FINE ARTS

total $751,009 · related or exempt $680,024 · unrelated business $70,985
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $2,179,700 · unrelated business -$90,911 · excluded $2,270,611
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $41,119,439 · other assets $0
7b · Less cost or other basis and sales expenses

securities $39,305,336 · other assets $314,981
7c · Gain or loss

securities $1,814,103 · other assets -$314,981
7d · Net gain or loss

total $1,499,122 · excluded $1,499,122
8a · Fundraising events: gross income

$6,427
8a · Fundraising events: contributions included on line 1c

$22,735
8b · Fundraising events: direct expenses

$7,528
8c · Net income from fundraising events

total -$1,101 · excluded -$1,101
10a · Gross sales of inventory

$1,149,314
10b · Cost of goods sold

$794,434
10c · Net income from sales of inventory

total $354,880 · related or exempt $354,880
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $4,000 · program services $4,000
2 · Grants to domestic individuals

total $44,859,821 · program services $44,859,821
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,713,105 · program services $346,803 · management and general $1,060,208 · fundraising $306,094
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $25,037,224 · program services $21,283,456 · management and general $2,361,130 · fundraising $1,392,638
8 · Pension plan contributions

total $1,709,357 · program services $1,434,583 · management and general $159,751 · fundraising $115,023
9 · Other employee benefits

total $5,332,760 · program services $4,083,043 · management and general $981,331 · fundraising $268,386
10 · Payroll taxes

total $1,970,979 · program services $1,553,475 · management and general $281,952 · fundraising $135,552
11a · Fees: management

total $487,208 · program services $220,311 · management and general $122,702 · fundraising $144,195
11b · Fees: legal

total $92,304 · program services $0 · management and general $92,304 · fundraising $0
11c · Fees: accounting

total $92,750 · program services $0 · management and general $92,750 · fundraising $0
11d · Fees: lobbying

total $96,758 · program services $0 · management and general $96,758 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $363,373 · program services $0 · management and general $363,373 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $700,099 · program services $193,381 · management and general $384,600 · fundraising $122,118
13 · Office expenses

total $659,905 · program services $501,169 · management and general $128,105 · fundraising $30,631
14 · Information technology

total $1,913,351 · program services $1,798,939 · management and general $10,662 · fundraising $103,750
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $5,456,322 · program services $4,606,143 · management and general $850,179 · fundraising $0
17 · Travel

total $1,176,230 · program services $1,087,357 · management and general $41,060 · fundraising $47,813
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $972,838 · program services $547,186 · management and general $168,627 · fundraising $257,025
20 · Interest

total $1,403,041 · program services $1,106,514 · management and general $296,527 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $6,632,406 · program services $5,738,159 · management and general $894,247 · fundraising $0
23 · Insurance

total $840,429 · program services $361,291 · management and general $466,193 · fundraising $12,945
24a · Other expenses: Student Programming

total $5,635,821 · program services $5,635,821
24b · Other expenses: Equipment Repair and Maintenance

total $1,830,039 · program services $1,336,903 · management and general $493,136 · fundraising $0
24c · Other expenses: Training and Development

total $561,790 · program services $205,606 · management and general $331,159 · fundraising $25,025
24d · Other expenses: UBI Tax

total $13,527 · management and general $13,527
24e · All other expenses

total $303,218 · program services $76,291 · management and general $222,001 · fundraising $4,926

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $33,677,960 · end of year $32,165,369
3 · Pledges and grants receivable

beginning of year $5,719,438 · end of year $3,876,439
4 · Accounts receivable

beginning of year $568,591 · end of year $532,226
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $1,225,744 · end of year $708,586
8 · Inventories for sale or use

beginning of year $369,612 · end of year $340,062
9 · Prepaid expenses and deferred charges

beginning of year $1,268,177 · end of year $1,347,840
10a · Land, buildings and equipment: cost or other basis

$202,614,837
10b · Land, buildings and equipment: accumulated depreciation

$100,222,935
10c · Land, buildings and equipment, net

beginning of year $106,509,776 · end of year $102,391,902
11 · Investments: publicly traded securities

beginning of year $38,121,089 · end of year $40,920,932
12 · Investments: other securities

beginning of year $86,306,221 · end of year $97,211,340
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $2,606,330 · end of year $1,162,152
17 · Accounts payable and accrued expenses

beginning of year $4,560,940 · end of year $4,682,952
19 · Deferred revenue

beginning of year $1,059,893 · end of year $1,222,214
20 · Tax-exempt bond liabilities

beginning of year $38,082,002 · end of year $36,188,616
21 · Escrow or custodial account liability

beginning of year $295,163 · end of year $121,530
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0
25 · Other liabilities

beginning of year $5,122,595 · end of year $4,459,805
27 · Net assets without donor restrictions

beginning of year $107,382,903 · end of year $103,641,847
28 · Net assets with donor restrictions

beginning of year $119,869,442 · end of year $130,339,884

Mission and programs · 2023

Mission

THE MISSION OF THE COLLEGE OF SAINT BENEDICT IS TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME.

Activities or mission (Part I)

TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME.

HIGHER EDUCATION: EDUCATIONAL INSTRUCTION, 1,436 FALL FTE STUDENTS ENROLLED IN UNDERGRADUATE COURSES, 337 GRADUATES. THE COLLEGE OF SAINT BENEDICT WILL BE NATIONALLY RECOGNIZED AS A COMMUNITY THAT PROVIDES A LIBERAL ARTS EDUCATION PREPARING WOMEN TO THINK CRITICALLY, LEAD COURAGEOUSLY, AND ADVOCATE PASSIONATELY. THE COLLEGE OF SAINT BENEDICT DESIGNS PROGRAMS TO MEET THE NEEDS AND ASPIRATIONS OF YOUNG WOMEN, EMPHASIZING WOMEN'S LEADERSHIP AND A PERSONAL DEVELOPMENT PROFILE THAT INCLUDES INTELLECTUAL, SPIRITUAL, EMOTIONAL AND PHYSICAL DEVELOPMENT. ITS VALUES-BASED AND VALUE-ADDED RESIDENTIAL LIBERAL ARTS EDUCATION PROVIDES THE FRAMEWORK FOR FULFILLING LIVES OF DISCIPLINED INQUIRY AND LEADERSHIP IN CAREERS DEVOTED TO THE PROFESSIONS, PUBLIC LIFE AND SERVICE TO OTHERS.

Expenses $84,614,868 · Grants $44,863,821 · Revenue $75,353,196
HIGHER EDUCATION: AUXILIARY REVENUE (DINING, HOUSING, ETC.) 1,436 STUDENTS. THE RESIDENTIAL LIFE PROGRAM AT THE COLLEGE OF SAINT BENEDICT PROVIDES A FOUR-YEAR RESIDENTIAL EXPERIENCE OF COMMUNITY LIVING WHICH SUPPORTS AND CHALLENGES OUR STUDENTS WITH OPPORTUNITIES FOR PERSONAL AND SOCIAL GROWTH. THIS EXPERIENCE ALLOWS WOMEN TO DEVELOP AN UNDERSTANDING AND APPRECIATION OF THEIR RESPONSIBILITIES TO THEMSELVES AND OTHERS LIVING IN THE COMMUNITY ON CAMPUS AND BEYOND.

Expenses $12,365,384 · Revenue $17,118,311
OTHER PROGRAM SERVICES: FINE ARTS PROGRAMMING AND OTHER STUDENT AND COMMUNITY SERVICES DESIGNED TO FOSTER DEVELOPMENT AND GROWTH OUTSIDE THE CLASSROOM. OUR FINE ARTS EVENTS BRING REGIONAL AND NATIONAL ARTISTS TO OUR COMMUNITY. OTHER PROGRAMS INCLUDE SERVICE TRIPS, CONFERENCES, SERVICE TO OTHER ORGANIZATIONS, AND CAMPUS EVENTS.

Revenue $751,009

As filed on the 2023 return.

Listed in Part VII

Bennett Morgan

Board Vice Chair

Total calculated

$0

Hours/week

4
Brian Bruess

CSB & SJU President

Total calculated

$588,813

From this org

$508,652

From related orgs

$0

Other

$80,161

Hours/week

60

Schedule J breakdown matched by us

Base

$442,331

Bonus

$55,048

Other

$11,273

Deferred

$5,400

Nontaxable benefits

$74,761

Filer's total

$588,813
Leanne Stewart

Board Chair

Total calculated

$0

Hours/week

6
Barbara Brandes

Trustee

Total calculated

$0

Hours/week

2
Bill Lies CSC

Trustee

Total calculated

$0

Hours/week

2
Br Aelred Senna OSB

Trustee

Total calculated

$0

Hours/week

2
Br Benedict Leuthner OSB

Trustee through 09/2023

Total calculated

$0

Hours/week

2
Br Dennis Beach OSB

Trustee

Total calculated

$0

Hours/week

2
Brian McGrane

Trustee

Total calculated

$0

Hours/week

3
Carol Schleif

Trustee

Total calculated

$0

Hours/week

3
Chip Ray

Trustee

Total calculated

$0

Hours/week

2
Corie Barry

Trustee

Total calculated

$0

Hours/week

3
Dan Whalen

Trustee

Total calculated

$0

Hours/week

2
Daniel Scott

Trustee

Total calculated

$0

Hours/week

2
Dave Roberts

Trustee

Total calculated

$0

Hours/week

3
Ed Bonach

Trustee

Total calculated

$0

Hours/week

2
Edwin Torres

Trustee

Total calculated

$0

Hours/week

2
Greg Melsen

Trustee

Total calculated

$0

Hours/week

2
Greg Soukup

Trustee

Total calculated

$0

Hours/week

3
Gretchen Agee

Trustee

Total calculated

$0

Hours/week

2
Joan Lescinski CSJ

Trustee

Total calculated

$0

Hours/week

2
Jona Van Deun

Trustee

Total calculated

$0

Hours/week

3
Kelly Skalicky

Trustee

Total calculated

$0

Hours/week

2
Lynn Myhran

Trustee

Total calculated

$0

Hours/week

3
Marilyn Porter

Trustee

Total calculated

$0

Hours/week

2
Mary Dombovy

Trustee

Total calculated

$0

Hours/week

2
Mary Kramer

Trustee through 09/2023

Total calculated

$0

Hours/week

2
Mary Thompson

Trustee

Total calculated

$0

Hours/week

2
Michele Martin

Trustee

Total calculated

$0

Hours/week

2
Nickolas Kleespie OSB

Trustee Beg. 09/2023

Total calculated

$0

Hours/week

2
Philip Galanis

Trustee

Total calculated

$0

Hours/week

2
S Mary Reuter OSB

Trustee

Total calculated

$0

Hours/week

2 + 40 related
S Michaela Hedican OSB

Trustee

Total calculated

$0

Hours/week

2 + 40 related
S Nina Lasceski OSB

Trustee

Total calculated

$0

Hours/week

2 + 40 related
Sandy Forster

Trustee

Total calculated

$0

Hours/week

2
Scott Becker

Trustee

Total calculated

$0

Hours/week

3
Tom Nicol

Trustee

Total calculated

$0

Hours/week

3
Anne Oberman

Chief Financial Officer

Total calculated

$215,507

From this org

$172,999

From related orgs

$0

Other

$42,508

Hours/week

50

Schedule J breakdown matched by us

Base

$171,645

Bonus

$0

Other

$1,354

Deferred

$16,428

Nontaxable benefits

$26,080

Filer's total

$215,507
Cheryl Stanton

Gen. Counsel/Board Secretary

Total calculated

$275,148

From this org

$254,041

From related orgs

$0

Other

$21,107

Hours/week

50

Schedule J breakdown matched by us

Base

$242,003

Bonus

$0

Other

$12,038

Deferred

$7,435

Nontaxable benefits

$13,672

Filer's total

$275,148
Heather Pieper-Olson

VP Institutional Advancement

Total calculated

$242,529

From this org

$200,829

From related orgs

$0

Other

$41,700

Hours/week

50

Schedule J breakdown matched by us

Base

$200,371

Bonus

$0

Other

$458

Deferred

$18,793

Nontaxable benefits

$22,907

Filer's total

$242,529
Mary Geller

Associate Provost

Total calculated

$196,112

From this org

$152,390

From related orgs

$0

Other

$43,722

Hours/week

50

Schedule J breakdown matched by us

Base

$150,857

Bonus

$0

Other

$1,533

Deferred

$14,220

Nontaxable benefits

$29,502

Filer's total

$196,112
Casey Gordon

CIO

Total calculated

$204,213

From this org

$157,782

From related orgs

$0

Other

$46,431

Hours/week

50

Schedule J breakdown matched by us

Base

$157,388

Bonus

$188

Other

$206

Deferred

$14,988

Nontaxable benefits

$31,443

Filer's total

$204,213
Cory Piper

Dean of Admissions/Sr Officer

Total calculated

$182,541

From this org

$160,625

From related orgs

$0

Other

$21,916

Hours/week

50

Schedule J breakdown matched by us

Base

$155,081

Bonus

$44

Other

$5,500

Deferred

$2,850

Nontaxable benefits

$19,066

Filer's total

$182,541
Karyl Daughters

Dean of Curriculum & Assessment

Total calculated

$209,918

From this org

$124,412

From related orgs

$0

Other

$85,506

Hours/week

50

Schedule J breakdown matched by us

Base

$123,808

Bonus

$0

Other

$604

Deferred

$11,701

Nontaxable benefits

$73,805

Filer's total

$209,918
Pamela Bacon

Assoc. Provost/Dean of Faculty

Total calculated

$173,891

From this org

$138,015

From related orgs

$0

Other

$35,876

Hours/week

50

Schedule J breakdown matched by us

Base

$137,479

Bonus

$0

Other

$536

Deferred

$13,148

Nontaxable benefits

$22,728

Filer's total

$173,891
Sandra Mitchell

Senior Diversity Officer

Total calculated

$162,784

From this org

$150,919

From related orgs

$0

Other

$11,865

Hours/week

50

Schedule J breakdown matched by us

Base

$150,091

Bonus

$0

Other

$828

Deferred

$1,412

Nontaxable benefits

$10,453

Filer's total

$162,784
Susan Palmer

Former VP Finance & Administration

Total calculated

$152,526

From this org

$152,526

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$152,526

Deferred

$0

Nontaxable benefits

$0

Filer's total

$152,526

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 · Travel for companions
1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment

Answered no

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)

Schedule J, Part I, Line 1a Travel for companions: TRAVEL FOR THE PRESIDENT'S SPOUSE IS OCCASSIONALLY PROVIDED IF IT SERVES THE BUSINESS PURPOSE OF THE COLLEGE TO HAVE HER ACCOMPANY THE PRESIDENT. IF IT SERVES A BUSINESS PURPOSE, IT IS NOT INCLUDED IN TAXABLE INCOME FOR THE PRESIDENT.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use: THE COLLEGE PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR THE PRESIDENT. THE RESIDENCE IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF EMPLOYMENT, AND IS CONTIGUOUS TO THE COLLEGE'S CAMPUS. HOUSING IS SUPPLIED TO THE GENERAL COUNSEL/BOARD SECRETARY AND IS CONSIDERED A TAXABLE BENEFIT, INCLUDED IN TAXABLE COMPENSATION.
Schedule J, Part I, Line 4a Severance or change-of-control payment: THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS: SUSAN PALMER: $152,526
Schedule J, Part II, Column (D) Nontaxable Benefits: COLUMN D INCLUDES TUITION REMISSION BENEFITS FOR ONE OR MORE FAMILY MEMBERS OF KARYL DAUGHTERS.

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.

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.

SISTERS OF THE ORDER OF SAINT BENEDICT

501(c)(3) · MONASTERY · MN

Directly controlled by NA
ST JOHNS UNIVERSITY

501(c)(3) · HIGHER EDUC. · MN

Directly controlled by NA

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.

LIFE ESTATE (1)

Trust · LIFE ESTATE · NY

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 6 May 2025
IRS schema version: 2023v6.0
Source object: 202511269349303251

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