presentation college for sale aberdeen sd

KELOLAND.com

Aberdeen finds fit with Presentation facilities

by: Rae Yost

Posted: Oct 17, 2023 / 03:25 PM CDT

Updated: Oct 17, 2023 / 06:15 PM CDT

SIOUX FALLS, S.D. (KELO) — A city in north central South Dakota will continue to carry out the mission of a private religious-based college, but not in the traditional sense.

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The city of Aberdeen will buy several buildings and a parcel of undeveloped land on the campus of the closed Presentation College from the Presentation Sisters. Presentation College opened in 1951. The college closed in August .

“Earlier this year when we first learned of the impending closure, we reached out…,” Aberdeen mayor Travis Schaunaman said.

The discussion centered on “how the city could perpetuate the mission of the (Sisters and the college)…,” Schaunaman said.

“The city’s park and recreation (programs) is a good fit for how the Sisters would want to continue to use it,” Schaunaman said.

The city will buy the Strode Center which was the gym for Presentation’s basketball teams. It will also buy the soccer field, a parking lot and some undeveloped land near the football practice field which has an inflatable dome cover.

Presentation had a roughly 72-year presence in the city and its closure was noticed, he said. Still, over the past several years, the number of on-campus students decreased as the number of online students increased.

“Obviously, you don’t want to let an opportunity like this pass us by,” Schaunaman said. “These are incredible facilities.”

There is a “clamoring for more gym space” in the community, Schaunaman said. The parks and recreation (and forestry) department is also looking for ways to expand winter activities.

The city also plans to allow organizations such as Northern State University, to use the domed practice field but also wants to expand the available use.

“There will be some opportunity for revenue,” Schaunaman said, but that won’t be a lot. Revenue wasn’t the driver, he said. “For us, it’s more a quality of life (reason).”

Schaunaman said he could not disclose the purchase price as “we are still buttoning up the details. The Sisters have been more than fair….”

The Presentation campus is 1500 N Main St. in Aberdeen.

The campus has undeveloped property along with mature trees. “It’s a pretty campus that’s been well tended to over the years,” Schaunaman said.

The mayor said the city could be interested in other parcels or buildings on the campus, including as a possible partner.

The campus has newer student housing and some newer education buildings, he said.

However, the city’s priority was the property and facilities that fit within the park and recreation plans.

The city will continue to trust and respect the process the Sisters are using to find and evaluate potential uses for the other buildings and property on campus, Schaunaman said.

The turnout this week for installing the inflatable dome roof over the football practice field could be seen as an indication of the enthusiasm for the city’s purchase.

Schaunaman said more than 60 city staff and volunteers showed up to help with the dome roof.

The dome inflation was expected to be completed today.

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Now closed Presentation College looking to sell its campus

September 27, 2023

ABERDEEN, S.D.–Presentation College in Aberdeen officially closed its campus in August. Now, the Presentation Sisters are looking to sell portions of the campus.

Presentation announced in January it would be closing down.

The college, which was founded in 1951, is now for sale, including buildings and land.

“We would like to see the land used for some purpose that would align with the values of the Sisters,” Sister Mary Thomas , President of the Presentation Sisters Corporate Board, said.

Presentation Sisters have been in the Dakotas since the 1880s on a mission of education and health care. They founded Avera St. Luke’s Hospital in 1901 and together with the Benedictine Sisters of Yankton, sponsor the Avera Health system.

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Presentation College in South Dakota plans to close

Dive Brief:

• Presentation College said Tuesday that it will soon shut down, ending the run of the small nonprofit in Aberdeen, South Dakota, which was founded more than seven decades ago by an order of Catholic nuns seeking to provide nursing education to boost rural healthcare.
• Before the COVID-19 pandemic, college leaders started evaluating their prospects for increasing enrollment, which totaled under 600 students in fall 2021. But the college faced challenges including a high dependency on gifts and tuition revenue, a remote location that's hard for out-of-state students to reach, and the pandemic.
• Presentation won't enroll new students for the 2023-24 academic year. It will shut down its Aberdeen campus operations after the upcoming spring and summer sessions and transfer an online nursing program it operates to a Catholic university in Iowa.

Dive Insight:

Several of Presentation College's key metrics mirror those of other stressed or closing colleges. It's small, it has been losing enrollment, and it has been increasingly discounting tuition.

The institution enrolled 821 students in fall 2016, according to federal data. But its student body shrank steadily since then to just 577 five years later.

Presentation discounted tuition at increasing rates over that time period, its audited financial statements show. In fiscal 2016 , it listed $3.5 million in scholarships and grants versus $13.8 million in topline tuition and fee revenue. By 2021 , scholarships and grants totaled $4.3 million against $11.8 million in tuition and fee revenue.  

In other words, the college went from not collecting 25 cents for every dollar it charged in sticker price to forgoing 36 cents, even as it enrolled fewer students.

"After careful evaluation of the sustainability of the College’s academic programs, and a thorough review of alternatives, the Board of Trustees and Presentation Sisters reluctantly decided to close the physical campus and implement Teach-Out programs as the most responsible way to steward students’ pathways to completing their degrees," Sister Mary Thomas, president of the Presentation Sisters Corporate Board, said in a statement Tuesday.

The university has teach-out agreements in place with the University of Mary, in North Dakota, Olivet College, in Michigan, and St. Ambrose University, in Iowa. It's seeking additional teach-out partners.

St. Ambrose is also taking on an online bachelor of science in nursing program operated by Presentation. It will become known as the Nano Nagle Online School of Nursing at St. Ambrose University, named for the founder of the Presentation Sisters.

"St. Ambrose University’s state-of-the-art nursing program is a natural fit with Presentation to create the Nano Nagle Online School of Nursing, ensuring the legacies of the College and the Presentation Sisters," Presentation College President Paula Langteau said in a statement.

Most Presentation programs will end after the spring semester. A practical nursing program will run through August.

Presentation is shutting down after closing a branch campus in Fairmont, Minnesota, where it started operating in 2003 . The institution closed that branch in 2021. 

When the branch closure was announced, Vice President for Academics Diane Duin pointed to low application numbers and increasing local competition. Duin told the Fairmont Sentinel the college had "opportunities for online learning." As of 2019, the branch had enrolled about 50 students.

Presentation College joins a growing list of institutions to close or announce plans to shutter in the wake of the pandemic. 

Among them are several other Catholic institutions. In the last year, two in California, Holy Names University and Marymount California University , decided to close. Chatfield College , a two-year institution in Ohio, opted to stop operating as a higher education institution and turn into a nonprofit group trying to improve degree attainment. And St. John's University laid plans to close a campus it operates on Staten Island, New York, after the spring 2024 term.

In each of those cases, college leaders pointed to declining enrollment. They often also cited rising expenses and pressures exacerbated by the pandemic.

Numerous factors challenging small private colleges existed before the pandemic. Pressures stemming from college costs, student price sensitivity and economies of scale in operations predate the crisis. So do declines in birth rates around the Great Recession that have long been predicted to drive down the overall number of high school graduates available to enroll in college in many parts of the country. 

But colleges were temporarily buoyed by millions of dollars apiece in federal pandemic relief funding. That money was generally most valuable to institutions under the greatest preexisting financial stress.

Now no more aid is coming, leaving college leaders still worried about risks that enrollment constraints pose to their business models. Institutions with noncompetitive admissions are generally considered most likely to lose enrollment and the important net tuition revenue it drives.

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Long-term issues to close doors at Presentation College

Presentation is offering ‘teach-out’ agreements with other institutions to accept current students without needing an application or increase in tuition costs.

This comes as the Aberdeen college prepares to permanent close its doors later this year.

College president Paula Langteau said it’s part of administration’s effort to put people first through the transition.

“We take very seriously our commitment to our students, our faculty, and our staff, and we’re doing everything in our power to make sure we take care of individuals through this difficult and trying transition,” Langteau said.

Langteau, who arrived at Presentation in 2019, said the closure is the result of longstanding financial and enrollment issues.

“We streamlined leadership, renegotiated vendor contracts, reduced operating budgets, really brought down our budgets to about two and a half million dollars – and things were starting to look better, our accounts payable was up to date. Things were turning around," Langteau said. "At that time, as you know, COVID hit. That was the spring of 2020. That has been devastating for our institution.”

Langteau said the Presentation Sisters are now looking ahead to the future.

“While we mourn the loss of all the things that are no longer going to be, we also recognize – I think sister Marion said it best when she said the Presentation Sisters pride themselves that they evolve with the times, and we are moving to see more online education,” Langteau said.

Currently, Presentation College students can enroll through teach-outs at Dakota Wesleyan, Dickinson State, Olivet College, St. Ambrose University, and the University of Mary.

Presentation College to close campus after summer session

SIOUX FALLS, S.D. (Dakota News Now) - Presentation College announced Tuesday that it will not enroll students for the 2023-24 academic year and will cease educational operations at its Aberdeen campus after the spring and summer 2023 sessions.

According to Presentation College, the school’s online BSN programs will be offered by St. Ambrose University in Davenport, Iowa. All other academic programs will end after the spring and summer sessions in 2023.

“After careful evaluation of the sustainability of the College’s academic programs, and a thorough review of alternatives, the Board of Trustees and Presentation Sisters reluctantly decided to close the physical campus and implement Teach-Out programs as the most responsible way to steward students’ pathways to completing their degrees,” said Sister Mary Thomas, president of the Presentation Sisters Corporate Board. “We understand and share the heartbreak by our students, faculty, staff, alumni, and Aberdeen community, and we will work closely with them to succeed through this transition.”

Just before the COVID-19 pandemic, college leaders began a year-long process of examining data to better understand the school’s financial health and potential for growing enrollment. Its rural location and “significant dependency” on tuition revenue and gifts were major contributing factors in the decision to cease operation. COVID’s impact added to the school’s challenges.

Presentation College has teach-out agreements in place with the University of Mary in Bismarck and Olivet College in Olivet, Michigan, and “continues to pursue adding agreements with other regional and online institutions.” The college is hosting fairs January 30 and 31 to help students and faculty with their transitions to other higher educational institutions. The school will also bring College Possible coaches to campus to assist students with their individual plans.

Copyright 2023 KSFY. All rights reserved.

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Presentation College

• Aberdeen, SD
• Tax-exempt since March 1946
• EIN: 46-0280847

Organization summary

Type of nonprofit.

Designated as a 501(c)3 Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category : Educational Institutions and Related Activities / Undergraduate College (4-year) (NTEE)

Donations to this organization are tax deductible.

According to its June 2022 tax filing, this nonprofit: Operated a school Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue $23.6m (2022), expenses $18.3m (2022), total assets $36.1m (2022), total liabilities $9.06m (2022), tax filings and audits by year.

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June 2022

Extracted financial data, extracted financial data from form 990.

Compensation

Document Links

Primary tax return for a nonprofit’s activities, finances, and governance

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

Fiscal Year Ending June 2021

Fiscal Year Ending June 2020

Fiscal Year Ending June 2019

Fiscal Year Ending June 2018

Fiscal Year Ending June 2017

Fiscal Year Ending June 2016

Fiscal Year Ending May 2016

Fiscal Year Ending May 2015

Fiscal Year Ending May 2014

Fiscal Year Ending May 2013

Fiscal Year Ending May 2012

Fiscal Year Ending May 2011

Fiscal Year Ending May 2010

No extracted financial data.

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Fiscal Year Ending May 2009

Fiscal year ending may 2008, fiscal year ending may 2007, fiscal year ending may 2006, fiscal year ending may 2005, fiscal year ending may 2004, fiscal year ending may 2003, fiscal year ending may 2002, about this data.

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

• Raw filing data . Includes EINs and summary financials as structured data.
• Exempt Organization profiles . Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
• Form 990 documents . Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS .
• Form 990 documents as XML files . Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
• Audits . PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo , Alec Glassford and Ash Ngu , ProPublica, and Brandon Roberts , Special to ProPublica. Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki .

Updated May 23, 2024

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Prairie restoration has been four-year journey on Presentation Sisters’ land

Parents and youth were at the Laudate Si prairie on Tuesday, June 18 for an educational program through K.O. Lee Aberdeen Public Library. Aberdeen Insider photo by Elisa Sand.

Four years ago, Jared Hohn and Jamie Risse were tapped for the job of restoring 80 acres of land into native South Dakota prairie. The journey has been a learning experience for two people who readily admit they knew very little of the task with which they were charged. Hohn and Risse were hired by […]

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Red Roses to play at Welcome Back Wolves concert Aug. 22

Dean lee hodson.

I have been a reporter since 1999 working at the Madison Daily Leader until 2013 when I joined the Aberdeen American News covering a wide variety of topics. I am now covering news for the Aberdeen Insider .

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