Annual Report2018 - 2019 Letter From the Board Chair Board of Directors 2018-2019 I’m humbled to have the honor of leading Benilde-St. Margaret's as the new Board of Directors Chair as we enter Corrina Colwell Conley '79 the 2019-2020 academic year. As I reflect on this past year, Meghan Lind DesLauriers ’99, Secretary it is difficult to imagine the school being in a better position than we are. Adam Ehrmantraut, Ed.D, President Susan Eich In January 2019, we completed Phase I of our Imagine. Inspire. Brother Michael Fehrenbach, FSC Innovate. capital campaign. The new space opened to our Red Sheila Folkestad Knight community, just in time for the second semester of the Maureen Grazzini '86 year. The Atrium, an amphitheater-style collaboration space, and three new, state of the art, science labs are awe-inspiring and have invigorated an already strong sense of community within our school. Father James Liekhus '97 Tom Lynch '85 In February, our Board adopted our new strategic plan: Rich History. Radiant Future. The plan is built Nadia Martyn '05 upon four core pillars - Exceptional Academics, Being Catholic in the World, Vibrant Community, Jason Matz and Investing in the Future. Fran McCloskey, Treasurer Penny Meier The fiscal year ended in June with a strong enrollment pipeline and generous donor support—both Biz McShane Murphy '96 key financial drivers. We have sound financial management and clear goals for the future. With the settlement of the Archdiocese bankruptcy case in 2019, we were offered a unique opportunity to acquire Sister Joan Mitchell, CSJ the land on which our school was built. I’m proud to report that Benilde-St. Margaret’s now operates as a Jeff Olejnik '86 completely independent financial entity. We are in a position of strength. Laura Portz Ann Ruff '73 Our enrollment is remarkably strong, with wait pools in five of our six grades as we looked to Mark Scherer '86 the start of the 2019-2020 school year. As many Catholic high schools around the country are struggling to attract students, our Twin Cities community continues to value the exceptional John Theisen '06 education and spiritual foundation BSM provides. We continue to be a school where everyone is Jim Vogl, Vice-Chair welcome. To support that goal, your generous gifts fund tuition assistance for 20% of our students, John Vonhof '86 totaling approximately $1.7 million in support. On behalf of our entire community, thank you. Your Shay Wyley, Chair time and treasures bridge the gap between our tuition revenue and the cost of our programs. Looking forward, we are excited to launch Phase II of our Imagine. Innovate. Inspire. capital campaign. This second phase will focus on a new center for innovation, discovery, and collaborative Table of Contents learning. Our teachers are already engaged in curriculum enhancements, with a focus on our ability to provide a relevant learning experience to our students for the future. Partnerships with businesses and professionals are extending through our new BSM internship program that provides authentic Financial Reports .............................. 25 learning opportunities for our students. Constituent Rolls .................................26 Spiritus Society ...................................26 Under the inspiring and visionary leadership of our President, Dr. Adam Ehrmantraut, and his dedicated leadership team, we see a radiant future for our students and our entire community. Alumni .................................................35 Corporations, Foundations, and Join me in gratitude for the blessings our Lord has bestowed on our community—for the teachers and Organizations ...............................41 staff who inspire our students, for the students who are fully engaged in creating their futures and serving others, and for our entire Red Knight community. Endowed Scholarships ......................42 Honor and Memorial Gifts ................42 A Knight for All Seasons Supporters ...44 Jim Vogl, Board Chair 24 | Fall 2019 2018-19 Annual Report Financial Statement Financial Statement for the fiscal year July 1, 2018 through June 30, 2019. 2018 - 2019 Operating Income Tuition and Fees 88.3% 18,232,000 Annual Fund Gifts 7.9% 1,632,000 Endowment Draw 2.2% 455,000 Tuition and Fees Other Revenue* 1.6% 332,000 88.3% TOTAL REVENUE 20,651,000 Operating Expenses Direct Student Program Costs 77.7% 16,044,000 General Office and Administration 17.6% 3,640,000 Debt Service 4.7% 967,000 Direct Student Program Costs TOTAL EXPENSES 20,651,000 77.7% * Other Revenue primarily consists of unrestricted investment income Fall 2019 | 25 Annual Report Giving Societies Spiritus Society The Benilde-St. Margaret’s Spiritus Society honors alumni The following pages summarize the individual philanthropic and friends who, through their generosity, have included donations received by the development office between July 1, Benilde-St. Margaret’s in their estate or gift plans. 2018 and June 30, 2019. The list details all cash and in-kind gifts given to the Annual Fund, to endowed and capital funds, Anonymous (2) George+ and Patricia Lyon to student scholarships, and to specific departments, programs, William G. Cottrell John and Jane McNeill or student activities. We celebrate the contributions of our David Dingles John Meagher philanthropic partners with recognition at the following giving Pat Dingles + Penny Meier society levels: John B. Dupont Robert Moore Peter Gilligan + Cary and Regina Musech Honorary Level Benefactor Level Gifts of $50,000 + Gifts of $1,000 + Mark and Rosemary Guidinger Marilyn Peller Nelson Marianne Williams Halliday + Rita L. Peller President’s Level Red Knight Level Gifts of $25,000 + Gifts of $500 + Marlow and Roselyn Ihling + Patricia and Joe Rosinek + Thomas and Sheila Letscher Roger and Irma Scherer Founder’s Level Builder’s Level Bruce and Carol Lowell Robert Speeter + Gifts of $10,000 + Gifts of $250 + Virginia Lowell Veritas Level Century Level Gifts of $5,000 + Gifts of $100 + Donors Patron’s Level Contributor The following list details all cash and in-kind gifts given to Gifts of $2,500 + Gifts up to $99 the Annual Fund, to endowed and capital funds, to student scholarships, and to specific departments, programs, or +deceased student activities. Individuals are listed here by giving level. Honorary Level Robert and Marney Buss Brett and Carla Carver Craig Darcy Anonymous (2) Randy and Cathy Darcy Archie Black and Jane McDonald Black Rob and Susie DeMars Ann and Carlton Cronin Thomas and Stephanie Drees Lois and John Rogers Roy and JoAnn Ferber Patrick and Ann Ryan Sheila and John Folkestad Stephen and Jennifer Frenz President's Level Carl and Heather Hansen Harvey and Sharyl Hansen Anonymous (2) Joseph and Victoria Holinka Scott Dayton Shane and Kris Huether Albert Fan and Susan Wollan Fan Bruce and Paige Jensen Charles and Mary Jungmann Pat Fournier Loren and Gail Laskow Thomas and Joyce Hansen Virginia Lupo and John Ankeny Christopher and Sheila Jones Penny Meier Joseph and Mary Mulvehill John and Lourdes Moore Ellis and Robert+ Naegele Patrick & Jennifer Murry Roger and Irma Scherer Scott M. Nelson + Scott and Jill Wine Kelsey Piquette Gloria Woog-Kamish and James Kamish M. Scott and Ellen Sayer Kristopher and Georganne Scherer Founder's Level Peter and Geri Scherer Larry Semler and Karen Dorn Robert M. Short Anonymous (4) Stephanie Simon Ann and Kenneth Ashton-Piper Mary Lynn and Warren Staley Kevin and Sara Ballinger Barbara Tennessen David and Mary Jo Bangasser James and Kathryn Vogl Craig Bentdahl Kevin and Michelle Weber Mark and Maureen Borin Thomas and Angie Wicka Daniel and Marne Brooks Kristine & Ian Widmer 26 | Fall 2019 Annual Report Veritas Level Geoffrey and Kelly Gage Michael and Rebecca Charles Steven and Janet Lerch Margaret Gilligan and Steve Johnson Douglas and Pamela Christensen Sheila and Thomas Letscher Hokan and Elizabeth Almstrom Mark Graham and Laneta Dorflinger Patrick and O'Ann Christiansen Sheila and Peter Lind Gail and John Bertossi John and Susan Herbert John and Kathleen Cleveland Shane Lomax-Sisco and Wesleigh Sisco Akhtar and Yasmin Chaudhri Gordon and Janet Johnson James and Kristine Connors Jeff and Linda Lonn Mary Ann and Anthony Clacko Katharine and Daniel Juckniess Doug and Ann Cooley Chris Maguire and Betsy Vilett Corrina and Paul Conley John and Melanie Keller Steve and Heather Crescini Joseph D Margarit and Ann Dayton Beverly Kopp James and Mary Cron Patricia Kalil Margarit Kristin and Brendon Dennewill James and Mary Kay Kopp Mark and Marcie Decker Richard and Donna McCullough Michelle and John Engstrand PK Kriha Thomas and Hoa Kim Delaney Scott and Maggie McGurl Maureen and Greg Grazzini Mike and Elizabeth Laukka Thomas and Ellen Dolphin Philip and Gail McLaughlin Eugene and Barbara Hickok Dietrich and Corinne Lawrenz Mark and Becky Doyscher Mary McPherson Dave and Barb Hornig Laurence and Jean LeJeune Greg and Maggie Dukinfield Biz McShane Murphy and Francis Murphy Douglas and Julianne Hunter Greg and Katie Lervick John and Caron Dwyer Curtis Medina and Dana Carlson David Gretsch and Bruce and Carol Lowell Edward and Toni+ Egan Barbara and Greg Melsen Wendy Jacobsen-Gretsch Perry and Stacy Ludwig Maria Eggemeyer Jason and Joann Meyer Edward and Julianne Kocourek Thomas and Anastasia Lynch Susan Eich and James Pohle Michael and Kelly Meyer David and Frankie Lenzmeier Christopher Mahoney and Bradford and Deirdre Fayfield Marilee and John Miller Rick and Holly Lowenberg Sophie Tremblay Benjamin and Kimberly Field Douglas and Sandra Milroy Phong and