THE TRUSTEES OF GRINNELL COLLEGE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE TRUSTEES OF GRINNELL COLLEGE (EIN 42-0680387)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-09
IRS object ID
202441309349301774
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-09T14:20:40-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18390 EAST CRESCENT PARKWAY SUITEAddressLine1Txt
Address Line2300AddressLine2Txt
CityGREENWOOD VILLAGECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420680387EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTRUSBusinessNameControlTxt
Phone6412699700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP501122227ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERMAINE GROSSPersonNm
Person TitleVP FOR FINANCE & TREASURERPersonTitleTxt
Phone6412699700PhoneNum
Signature2024-05-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGERMAINEPersonFirstNm
Person LastGROSSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARAH HINTZPreparerPersonNm
PTINP00492291PTIN
Phone3037795710PhoneNum
Preparation2024-04-30PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerGERMAINE GROSSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP501122227ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,295,249,115GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GRINNELL.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1846FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionTO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS.ActivityOrMissionDesc
Voting Members Governing Body28VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee2514TotalEmployeeCnt
Total Volunteers1454TotalVolunteersCnt
Total Gross UBI-$9,444,822TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$16,685,086PYContributionsGrantsAmt
CY Contributions Grants$16,723,721CYContributionsGrantsAmt
PY Program Service Revenue$120,958,034PYProgramServiceRevenueAmt
CY Program Service Revenue$125,562,938CYProgramServiceRevenueAmt
PY Investment Income$210,484,205PYInvestmentIncomeAmt
CY Investment Income$218,746,047CYInvestmentIncomeAmt
PY Other Revenue$3,067,669PYOtherRevenueAmt
CY Other Revenue$3,413,719CYOtherRevenueAmt
PY Total Revenue$351,194,994PYTotalRevenueAmt
CY Total Revenue$364,446,425CYTotalRevenueAmt
PY Grants And Similar Paid$67,634,263PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$69,009,919CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$86,477,948PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$94,429,590CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$67,660PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$13,544CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,704,505CYTotalFundraisingExpenseAmt
PY Other Expenses$58,122,635PYOtherExpensesAmt
CY Other Expenses$73,370,686CYOtherExpensesAmt
PY Total Expenses$212,302,506PYTotalExpensesAmt
CY Total Expenses$236,823,739CYTotalExpensesAmt
PY Revenues Less Expenses$138,892,488PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$127,622,686CYRevenuesLessExpensesAmt
Total Assets BOY$2,988,511,926TotalAssetsBOYAmt
Total Assets EOY$3,023,180,797TotalAssetsEOYAmt
Total Liabilities BOY$278,738,530TotalLiabilitiesBOYAmt
Total Liabilities EOY$278,805,066TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,709,773,396NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,744,375,731NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$121,205,399ExpenseAmt
Grant$67,722,470GrantAmt
Revenue$102,621,268RevenueAmt
DescINSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 16 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,700 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 50 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS THE COLLEGE'S INDIVIDUALLY ADVISED CURRICULUM. IT COMBINES INTENSE FACULTY MENTORING WITH AN UNCOMMON LEVEL OF STUDENT RESPONSIBILITY FOR CHOOSING THEIR OWN UNIQUE SET OF COURSES.MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, BUT EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, DISCUSSION SKILLS, AND INFORMATION LITERACY.EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY, OFFERING GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS.THE TUTORIAL IS USUALLY LIMITED TO 12 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN FACT, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 9 PERCENT OF CLASSES ABOVE 30 STUDENTS.MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS.OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS.STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY.THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP NEARLY 20 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING INSTITUTE FOR GLOBAL ENGAGEMENT COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES.INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$33,381,048ExpenseAmt
Grant$470,068GrantAmt
DescACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$30,808,320ExpenseAmt
Grant$817,381GrantAmt
Revenue$713,301RevenueAmt
DescSTUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$21,162,983ExpenseAmt
Revenue$22,228,369RevenueAmt
DescOTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICE.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$21,162,983TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$22,228,369TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$206,557,750TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document2164IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2514EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (1)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members28GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or Procedure0WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GERMAINE GROSSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6412699700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MICHAEL B KAHN
TRUSTEE & CHAIR7.000.00Yes (X)Yes (X)$0$0$0
ANGELA ONWUACHI-WILLIG
TRUSTEE & VICE CHAIR4.000.00Yes (X)Yes (X)$0$0$0
SHERYL WALTER
TRUSTEE & VICE CHAIR4.000.00Yes (X)Yes (X)$0$0$0
R CHRISTINA CUTLIP
TRUSTEE3.000.00Yes (X)$0$0$0
MATTHEW E WELCH
TRUSTEE3.000.00Yes (X)$0$0$0
ODILE DISCH-BHADKAMKAR
TRUSTEE2.000.00Yes (X)$0$0$0
JEETANDER DULANI
TRUSTEE2.000.00Yes (X)$0$0$0
SHELLEY FLOYD
TRUSTEE3.000.00Yes (X)$0$0$0
ROBERT GEHORSAM
TRUSTEE2.000.00Yes (X)$0$0$0
JULIE GOSSELINK
TRUSTEE2.000.00Yes (X)$0$0$0
JON GRAY
TRUSTEE2.000.00Yes (X)$0$0$0
GRACIELA GUZMAN
TRUSTEE2.000.00Yes (X)$0$0$0
KEITH A JANTZEN
TRUSTEE3.000.00Yes (X)$0$0$0
JOHN H KISPERT
TRUSTEE (UNTIL 05/2023)3.000.00Yes (X)$0$0$0
BRUCE KOFF
TRUSTEE2.000.00Yes (X)$0$0$0
KIMBERLY A KUNCL
TRUSTEE2.000.00Yes (X)$0$0$0
TOBI KLEIN MARCUS
TRUSTEE3.000.00Yes (X)$0$0$0
DAVID E MAXWELL
TRUSTEE2.000.00Yes (X)$0$0$0
KATHRYN J MOHRMAN
TRUSTEE2.000.00Yes (X)$0$0$0
GEORGE E MOOSE
TRUSTEE2.000.00Yes (X)$0$0$0
JEANNE MYERSON
TRUSTEE3.000.00Yes (X)$0$0$0
NANCY L RADERMECHER
TRUSTEE2.000.00Yes (X)$0$0$0
W EDWARD SENN
TRUSTEE3.000.00Yes (X)$0$0$0
HAM SERUNJOGI
TRUSTEE2.000.00Yes (X)$0$0$0
KAREN E SHAFF
TRUSTEE (UNTIL 05/23)2.000.00Yes (X)$0$0$0
JOEL R SPIEGEL
TRUSTEE (UNTIL 05/23)2.000.00Yes (X)$0$0$0
KRISTIN STOUT
TRUSTEE2.000.00Yes (X)$0$0$0
ERIC E WHITAKER
TRUSTEE2.000.00Yes (X)$0$0$0
CONNIE WIMER
TRUSTEE2.000.00Yes (X)$0$0$0
STEPHEN SANDQUIST
TRUSTEE2.000.00Yes (X)$0$0$0
LAURA SANDER
TRUSTEE2.000.00Yes (X)$0$0$0
JAINEN THAYER
CHIEF INVESTMENT OFFICER60.000.00Yes (X)$1,083,369$0$71,695
ANNE F HARRIS
PRESIDENT60.000.00Yes (X)$618,102$0$152,546
GERMAINE GROSS
VP FINANCE AND TREASURER60.000.00Yes (X)$235,893$0$26,102
MARGARET JONES BAIR
DIRECTOR OF BOARD RELATIONS50.000.00Yes (X)$109,551$0$36,560
JOSEPH P BAGNOLI
VP ENROLLMENT & DEAN OF ADMISSION & FIN. AID60.000.00$327,318$0$57,804Yes (X)
ANGELA VOOS
COS & VP STRAT. INITIATIVES60.000.00$189,602$0$19,624Yes (X)
ELAINE M MARZLUFF
PROFESSOR OF CHEMISTRY50.000.00$233,400$0$34,781Yes (X)
JANA GRIMES
VP OF HUMAN RESOURCES60.000.00$189,488$0$29,598Yes (X)
BERONDA L MONTGOMERY
DEAN & VP FOR ACADEMIC AFFAIRS60.000.00$168,728$0$28,640Yes (X)
JACI THIEDE UNTIL 022023
VP DEVELOPMENT & ALUMNI RELATIONS60.000.00$448,841$0$46,010Yes (X)
PAIGE L CARLSON
ASSOCIATE DIRECTOR OF INVESTMENTS50.000.00$261,422$0$53,194Yes (X)
DAVID ROBINSON
CHIEF INFORMATION OFFICER60.000.00$282,606$0$56,369Yes (X)
HENRY W MOYER
PROFESSOR OF POLITICAL SCIENCE50.000.00$236,832$0$32,982Yes (X)
VALBONA SCHWAB
DEPUTY CHIEF INVESTMENT OFFICER50.000.00$602,580$0$50,131Yes (X)
NANCY L COMBS
ASSOCIATE VP FINANCE & ASST. TREASURER50.000.00$216,067$0$53,261Yes (X)
DAVID S CLAY
FORMER CHIEF INVESTMENT OFFICER0.000.00$525,588$0$0Yes (X)
DEBRA LUKEHART
FORMER KEY (UNTIL 08/2022)0.000.00$134,810$0$27,563Yes (X)
SCHVALLA RIVERA
VP DIVERSITY & INCLUSION - CDO - SR ADVISOR0.000.00$194,361$0$30,569Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,058,558TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$807,429TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K194IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
OPN INC
200 5TH AVE SE SUITE 201CEDAR RAPIDSIA52401ARCHITECTURE$4,329,049
EAGLE CAPITAL
499 PARK AVENUE 17TH FLOORNEW YORKNY10022INVESTMENT MANAGER$1,539,632
SUMMIT STREET CAPITAL MANAGEMENT LLC
509 MADISON AVE 19TH FLOORNEW YORKNY10022INVESTMENT MANAGER$783,743
BARES CAPITAL MANAGEMENT
12600 HILL COUNTRY BLVD STE R-230AUSTINTX78738INVESTMENT MANAGER$778,778
SALAS O'BRIEN
NORTH STE A 2720 ARBOR CTEAU CLAIREWI54701ARCHITECTURE$552,254
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K29CntrctRcvdGreaterThan100KCnt
Government Grants$2,604,272GovernmentGrantsAmt
All Other Contributions$14,119,449AllOtherContributionsAmt
Noncash Contributions$3,822,795NoncashContributionsAmt
Total Contributions$16,723,721TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION611600$102,566,148$102,566,148
AUXILIARY SERVICES611710$21,907,318$21,907,318
FEES, SOURCES, & FINES611710$713,301$713,301
ALUMNI FEES611710$321,051$321,051
INDIRECT COST RECOVERY611710$1,505$1,505

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,615TotalRevenueColumnAmt
Related Or Exempt Func Income$53,615RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$125,562,938TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,747,048TotalRevenueColumnAmt
Unrelated Business Revenue-$9,444,822UnrelatedBusinessRevenueAmt
Exclusion$25,191,870ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$323,506TotalRevenueColumnAmt
Exclusion$323,506ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,475,355TotalRevenueColumnAmt
Exclusion$3,475,355ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$119,422RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$199,063RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$79,641RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$79,641TotalRevenueColumnAmt
Exclusion-$79,641ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,133,274,235SecuritiesAmt
Other$4,885OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$930,559,277SecuritiesAmt
Other$44,350OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$202,714,958SecuritiesAmt
Other-$39,465OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$202,675,493TotalRevenueColumnAmt
Exclusion$202,675,493ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$18,005TotalRevenueColumnAmt
Exclusion$18,005ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$18,005OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$364,446,425TotalRevenueColumnAmt
Related Or Exempt Func Income$102,619,763RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$9,444,822UnrelatedBusinessRevenueAmt
Exclusion$254,547,763ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$141,128TotalAmt
Program Services$141,128ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$56,965,387TotalAmt
Program Services$56,965,387ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$11,903,404TotalAmt
Program Services$11,903,404ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,587,745TotalAmt
Program Services$398,855ProgramServicesAmt
Management And General$2,826,706ManagementAndGeneralAmt
Fundraising$362,184FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$3,601,932TotalAmt
Program Services$1,580,038ProgramServicesAmt
Management And General$1,656,646ManagementAndGeneralAmt
Fundraising$365,248FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$65,203,153TotalAmt
Program Services$57,426,065ProgramServicesAmt
Management And General$4,833,335ManagementAndGeneralAmt
Fundraising$2,943,753FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,794,971TotalAmt
Program Services$5,009,280ProgramServicesAmt
Management And General$535,619ManagementAndGeneralAmt
Fundraising$250,072FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,342,647TotalAmt
Program Services$10,304,809ProgramServicesAmt
Management And General$541,033ManagementAndGeneralAmt
Fundraising$496,805FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,899,142TotalAmt
Program Services$4,055,456ProgramServicesAmt
Management And General$594,841ManagementAndGeneralAmt
Fundraising$248,845FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,234,206TotalAmt
Program Services$81,033ProgramServicesAmt
Management And General$1,153,173ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$282,199TotalAmt
Management And General$282,199ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$13,544TotalAmt
Fundraising$13,544FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,867,298TotalAmt
Program Services$1,511ProgramServicesAmt
Management And General$2,865,787ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,979,873TotalAmt
Program Services$3,228,988ProgramServicesAmt
Management And General$1,638,311ManagementAndGeneralAmt
Fundraising$112,574FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$810,110TotalAmt
Program Services$741,393ProgramServicesAmt
Management And General$65,685ManagementAndGeneralAmt
Fundraising$3,032FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,465,181TotalAmt
Program Services$9,769,766ProgramServicesAmt
Management And General$170,109ManagementAndGeneralAmt
Fundraising$525,306FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,229,282TotalAmt
Program Services$3,650,709ProgramServicesAmt
Management And General$571,701ManagementAndGeneralAmt
Fundraising$6,872FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$12,771TotalAmt
Program Services$12,771ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,380,854TotalAmt
Program Services$6,797,882ProgramServicesAmt
Management And General$359,516ManagementAndGeneralAmt
Fundraising$223,456FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,560,235TotalAmt
Program Services$3,438,124ProgramServicesAmt
Management And General$524,251ManagementAndGeneralAmt
Fundraising$597,860FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,650,639TotalAmt
Program Services$1,134,558ProgramServicesAmt
Management And General$302,029ManagementAndGeneralAmt
Fundraising$214,052FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,368,030TotalAmt
Program Services$6,368,030ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,045,716TotalAmt
Program Services$13,636,619ProgramServicesAmt
Management And General$252,288ManagementAndGeneralAmt
Fundraising$156,809FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$980,635TotalAmt
Program Services$980,635ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
INVEST. EXCISE AND UBI$4,124,029$4,124,029
AUXILIARY COGS$3,505,862$3,505,862
OFF CAMPUS PROGRAM COST$2,866,187$2,866,187
SPECIAL PROGRAMS$424,201$92,680$331,521

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,583,378TotalAmt
Program Services$2,227,739ProgramServicesAmt
Management And General$171,546ManagementAndGeneralAmt
Fundraising$184,093FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$236,823,739TotalAmt
Program Services$206,557,750ProgramServicesAmt
Management And General$23,561,484ManagementAndGeneralAmt
Fundraising$6,704,505FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,191,773BOYAmt
EOY$4,485,181EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,249,804BOYAmt
EOY$5,512,152EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,256,615BOYAmt
EOY$2,961,325EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,920BOYAmt
EOY$13,277EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,175,261BOYAmt
EOY$1,152,892EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,432,637BOYAmt
EOY$5,467,547EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$615,210,347LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$259,543,639LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$333,488,457BOYAmt
EOY$355,666,708EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$563,754,160BOYAmt
EOY$390,081,350EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,070,005,782BOYAmt
EOY$2,254,439,662EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$3,953,517BOYAmt
EOY$3,400,703EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,988,511,926BOYAmt
EOY$3,023,180,797EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$33,668,691BOYAmt
EOY$38,949,867EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$4,793,275BOYAmt
EOY$4,675,659EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$168,761,530BOYAmt
EOY$163,932,904EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$3,115,978BOYAmt
EOY$3,119,979EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$60,032,111BOYAmt
EOY$60,051,422EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,366,945BOYAmt
EOY$8,075,235EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$278,738,530BOYAmt
EOY$278,805,066EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,863,780,780BOYAmt
EOY$1,884,890,637EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$845,992,616BOYAmt
EOY$859,485,094EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,709,773,396BOYAmt
EOY$2,744,375,731EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,988,511,926BOYAmt
EOY$3,023,180,797EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$127,622,686ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$93,279,971NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$259,620OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$340,926RevenuesIncludedAmt
Assets Included$10,910,304AssetsIncludedAmt

Held Works Art HeldWorksArtGrp

FieldValueIRS element (for citing)
Revenues Included$0RevenuesIncludedAmt
Assets Included$0AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,484,418,726BeginningYearBalanceAmt
Contributions$4,208,060ContributionsAmt
Investment Earnings Or Losses$112,841,771InvestmentEarningsOrLossesAmt
Grants Or Scholarships$30,729,969GrantsOrScholarshipsAmt
Other Expenditures$64,887,936OtherExpendituresAmt
End Year Balance$2,505,850,652EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,931,550,076BeginningYearBalanceAmt
Contributions$6,186,324ContributionsAmt
Investment Earnings Or Losses-$370,756,701InvestmentEarningsOrLossesAmt
Grants Or Scholarships$26,743,262GrantsOrScholarshipsAmt
Other Expenditures$55,817,711OtherExpendituresAmt
End Year Balance$2,484,418,726EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,090,750,442BeginningYearBalanceAmt
Contributions$3,632,433ContributionsAmt
Investment Earnings Or Losses$924,779,487InvestmentEarningsOrLossesAmt
Grants Or Scholarships$23,640,134GrantsOrScholarshipsAmt
Other Expenditures$63,972,152OtherExpendituresAmt
End Year Balance$2,931,550,076EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,069,953,401BeginningYearBalanceAmt
Contributions$7,007,029ContributionsAmt
Investment Earnings Or Losses$96,291,971InvestmentEarningsOrLossesAmt
Grants Or Scholarships$23,390,030GrantsOrScholarshipsAmt
Other Expenditures$59,111,929OtherExpendituresAmt
End Year Balance$2,090,750,442EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,991,605,132BeginningYearBalanceAmt
Contributions$3,278,055ContributionsAmt
Investment Earnings Or Losses$154,954,634InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,720,418GrantsOrScholarshipsAmt
Other Expenditures$58,164,002OtherExpendituresAmt
End Year Balance$2,069,953,401EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.66900BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.33100PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$100InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$4,798,142OtherCostOrOtherBasisAmt
Book Value$4,798,242BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$472,359,623OtherCostOrOtherBasisAmt
Depreciation$189,031,638DepreciationAmt
Book Value$283,327,985BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$78,805,416OtherCostOrOtherBasisAmt
Depreciation$59,975,300DepreciationAmt
Book Value$18,830,116BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$59,247,066OtherCostOrOtherBasisAmt
Depreciation$10,536,701DepreciationAmt
Book Value$48,710,365BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$355,666,708TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$10,392,371BookValueAmt
Method ValuationFMethodValuationCd

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NON-MARKETABLE ALTERNATIVES$1,024,229,380F
MARKETABLE ALTERNATIVES$1,212,822,500F
OTHER SECURITIES$1,120F
BENEFICIAL INTEREST IN TRUSTS$6,994,291F
FieldValueIRS element (for citing)
Total Book Value Securities$2,254,439,662TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescANNUITIES PAYABLEDesc
Amt$8,075,235Amt
FieldValueIRS element (for citing)
Total Liability$8,075,235TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$192,118,339TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$93,279,971NetUnrealizedGainsInvstAmt
Other Revenue$248,207OtherRevenueAmt
Revenue Not Reported-$93,031,764RevenueNotReportedAmt
Revenue Subtotal$285,150,103RevenueSubtotalAmt
Investment Expenses Not Incld$11,762,430InvestmentExpensesNotIncldAmt
Other Revenues Not Included$67,533,892OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$79,296,322RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$364,446,425TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$157,516,004TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$238,528OtherExpensesIncludedAmt
Expenses Not Reported$238,528ExpensesNotReportedAmt
Expenses Subtotal$157,277,476ExpensesSubtotalAmt
Investment Expenses Not Incld2$11,762,430InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$67,783,833OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$79,546,263ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$236,823,739TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:THE GRINNELL COLLEGE MUSEUM OF ART AND GRINNELL COLLEGE ACQUIRE WORKS OF ART IN THE PUBLIC TRUST FOR STUDY, EXHIBITION, AND ENJOYMENT. THE MUSEUM'S INTENTION IS TO MAINTAIN A COLLECTION, NOT TO SELL IT. THE GOAL OF ANY DEACCESSION IS TO IMPROVE, UPGRADE AND ENHANCE THE COLLECTION; THEREFORE, ANY PROCEEDS REALIZED FROM THE DEACCESSION OF A WORK OF ART FROM THE COLLECTION WILL BE USED TO FUND FUTURE ART ACQUISITIONS RATHER THAN SUPPORT OPERATIONS.
PART IV, LINE 2B:GRINNELL COLLEGE CLASSIFIES ON FORM 990 PART X LINE 21 AMOUNTS HELD FOR PERKINS LOANS PAYABLE, FUNDS HELD IN TRUST FOR OTHERS RELATED TO ANNUITIES AND STUDENT GROUP/OTHER GROUP AGENCY ACCOUNTS.
PART V, LINE 4:THE INTENDED USE OF THE GRINNELL COLLEGE ENDOWMENT IS TO PROVIDE PREDICTABLE AND STABLE SUPPORT FOR THE COLLEGE'S MISSION AS A FINE LIBERAL ARTS COLLEGE.
PART X, LINE 2:THE COLLEGE HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:DIRECT RENTAL EXPENSES 199,063. CHANGE IN VALUE OF LIFE INSURANCE 9,679. LOSS ON DISPOSAL OF FIXED ASSETS 39,465.
PART XI, LINE 4B - OTHER ADJUSTMENTS:GRANT AND SCHOLARSHIPS 67,212,841. ALUMNI FEES 321,051.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT RENTAL EXPENSES 199,063. LOSS ON DISPOSAL OF FIXED ASSETS 39,465.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANT AND SCHOLARSHIPS 67,212,841. ALUMNI FEES 321,051. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 617,868. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -367,927.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE COLLEGE'S NONDISCRIMINATION STATEMENTS ARE INCLUDED IN THE ACADEMIC COURSE CATALOG ON THE COLLEGE'S PUBLIC WEBSITE (WWW.GRINNELL.EDU). THE COLLEGE'S NONDISCRIMINATION POLICY IS ALSO POSTED ON THE POLICY SECTION OF THE COLLEGE'S PUBLIC WEBSITE. WITH A STUDENT BODY THAT IS DRAWN FROM AROUND THE WORLD, THE PUBLIC ACCESS TO THE WEBSITE IS THE CLEAREST AND MOST FAR REACHING MEANS OF MAKING THE COLLEGE'S NONDISCRIMINATION POLICY WIDELY KNOWN AND AVAILABLE. THE NONDISCRIMINATORY POLICY IS LINKED TO THE WEBSITE HOMEPAGE AND FREELY AVAILABLE.
SCHEDULE E, PART I, LINE 6FINANCIAL AID RECEIVED WERE PELL GRANTS, SEOG, AND OTHER GRANTS FOR STUDENTS. GRINNELL COLLEGE ALSO RECEIVED NSF, NEH, AND FEMA FUNDING.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (21 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA & CARIBBEAN00GRANTS$593,606
EAST ASIA & THE PACIFIC00GRANTS$3,519,527
EUROPE00GRANTS$1,341,455
MIDDLE EAST & NORTH AFRICA00GRANTS$512,540
NORTH AMERICA00GRANTS$141,083
RUSSIA AND NEIGHBORING STATES00GRANTS$590,325
SOUTH AMERICA00GRANTS$1,311,269
SOUTH ASIA00GRANTS$3,131,662
SUB-SAHARAN AFRICA00GRANTS$761,937
EUROPE00INVESTMENTS (BOOK VALUE)$37,318,007
SUB-SAHARAN AFRICA00INVESTMENTS (BOOK VALUE)$49,320,467
CENTRAL AMERICA & CARIBBEAN00INVESTMENTS (BOOK VALUE)$859,722,569
SOUTH ASIA00PROGRAM SERVICES$16,763ACADEMIC/EDUCATION
CENTRAL AMERICA & CARIBBEAN00PROGRAM SERVICES$21,608ACADEMIC/EDUCATION
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$187,332ACADEMIC/EDUCATION
EUROPE00PROGRAM SERVICES$447,318ACADEMIC/EDUCATION
MIDDLE EAST & NORTH AFRICA00PROGRAM SERVICES$12,754ACADEMIC/EDUCATION
NORTH AMERICA00PROGRAM SERVICES$50,611ACADEMIC/EDUCATION
RUSSIA AND NEIGHBORING STATES00PROGRAM SERVICES$2,454ACADEMIC/EDUCATION
SOUTH AMERICA00PROGRAM SERVICES$76,745ACADEMIC/EDUCATION
SUB-SAHARAN AFRICA00PROGRAM SERVICES$22,833ACADEMIC/EDUCATION
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$11,141,467SubtotalSpentAmt
Continuation Spent$947,961,398ContinuationSpentAmt
Total Spent$959,102,865TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (37 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
AWARDSOUTH ASIA2$40,000CHECK
FELLOWSHIPSUB-SAHARAN AFRICA6$10,854CHECK
FELLOWSHIPSOUTH ASIA24$56,873CHECK
FELLOWSHIPSOUTH AMERICA9$23,042CHECK
FELLOWSHIPRUSSIA AND NEIGHBORING STATES4$7,069CHECK
FELLOWSHIPNORTH AMERICA2$3,400CHECK
FELLOWSHIPMIDDLE EAST AND NORTH AFRICA3$1,399CHECK
FELLOWSHIPEUROPE19$35,317CHECK
FELLOWSHIPEAST ASIA AND THE PACIFIC66$150,012CHECK
FELLOWSHIPCENTRAL AMERICA AND THE CARIBBEAN5$5,430CHECK
INTERNSHIPSUB-SAHARAN AFRICA3$8,380CHECK
INTERNSHIPEUROPE8$27,241CHECK
INTERNSHIPMIDDLE EAST AND NORTH AFRICA3$12,000CHECK
INTERNSHIPNORTH AMERICA2$6,710CHECK
INTERNSHIPRUSSIA AND NEIGHBORING STATES1$979CHECK
INTERNSHIPSOUTH AMERICA5$26,577CHECK
INTERNSHIPSOUTH ASIA10$60,930CHECK
INTERNSHIPEAST ASIA AND THE PACIFIC21$72,541CHECK
INTERNSHIPCENTRAL AMERICA AND THE CARIBBEAN2$13,924CHECK
PRIZESSOUTH ASIA10$4,325CHECK
PRIZESSOUTH AMERICA5$5,150CHECK
PRIZESRUSSIA AND NEIGHBORING STATES3$450CHECK
PRIZESNORTH AMERICA4$1,000CHECK
PRIZESCENTRAL AMERICA AND THE CARIBBEAN1$1,700CHECK
PRIZESMIDDLE EAST AND NORTH AFRICA1$900CHECK
PRIZESEUROPE5$3,850CHECK
PRIZESSUB-SAHARAN AFRICA1$1,000CHECK
PRIZESEAST ASIA AND THE PACIFIC15$14,025CHECK
SCHOLARSHIPSNORTH AMERICA3$129,973CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSEUROPE22$1,275,047CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSMIDDLE EAST AND NORTH AFRICA9$498,241CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSRUSSIA AND NEIGHBORING STATES9$581,827CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSSOUTH AMERICA22$1,256,500CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSSOUTH ASIA64$2,969,534CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSSUB-SAHARAN AFRICA11$741,704CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSEAST ASIA AND THE PACIFIC75$3,282,949CREDIT TO STUDENT ACCOUNT
SCHOLARSHIPSCENTRAL AMERICA AND THE CARIBBEAN9$572,552CREDIT TO STUDENT ACCOUNT
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign TrustYes (1)InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM, AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING.
PART III, COL (C):FOR PURPOSES OF THIS REPORT, THE COLLEGE RELIES ON ITS INTERNAL FINANCIAL SYSTEM SOFTWARE TO REPORT AID BY THE RECIPIENTS' COUNTRY OF RESIDENCE.
PART III ACCOUNTING METHOD:

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
CITY OF GRINNELL
520 4TH AVENUEGRINNELLIA50112426004734GOV$10,000$0N/AN/AGENERAL SUPPORT
GREATER POWESHIEK COMMUNITY FOUNDATION
1510 PENROSE STGRINNELLIA50112421298055501(C)(3)$20,124$0N/AN/AGENERAL SUPPORT
GRINNELL AREA CHAMBER OF COMMERCE
833 4TH AVENUEGRINNELLIA50112420286455501(C)(6)$9,235$0N/AN/AGENERAL SUPPORT
GRINNELL NEWBURG COMMUNITY SCHOOLS
925 BROAD STREETGRINNELLIA50112426036570GOV$6,658$0N/AN/AGENERAL SUPPORT
GRINNELL COMMUNITY DAYCARE
1436 PENROSE STREETGRINNELLIA50112420947994501(C)(3)$6,500$0N/AN/AGENERAL SUPPORT
FOUR OAKS FAMILY AND CHILDREN'S SERVICES
5400 KIRKWOOD BLVD SWCEDAR RAPIDSIA52404420998726501(C)(3)$7,000$0N/AN/AGENERAL SUPPORT
GRINNELL AREA ARTS COUNCIL
PO BOX 657GRINNELLIA50112421130693501(C)(3)$5,900$0N/AN/AGENERAL SUPPORT
GRINNELL REGIONAL MEDICAL CENTER
210 4TH AVENUEGRINNELLIA50112420933383501(C)(3)$30,100$0N/AN/AGENERAL SUPPORT
GRINNELL UNITED WAY FUND INC
PO BOX 121GRINNELLIA50112237120759501(C)(3)$5,100$0N/AN/AGENERAL SUPPORT
GRINNELL VOLUNTEER FIRE ASSOCIATION
1020 SPRING STREETGRINNELLIA50112461055210501(C)(3)$8,633$0N/AN/AGENERAL SUPPORT
LINK INC
1510 PENROSE STGRINNELLIA50112842131856501(C)(3)$7,244$0N/AN/AGENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIP1415$55,922,794N/AN/A
PRIZES75$111,057N/AN/A
FELLOWSHIP275$565,868N/AN/A
INTERNSHIP83$284,418N/AN/A
AWARDS2$80,000N/AN/A
LOAN PAYMENTS1$1,250N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING. THE COLLEGE AWARDS GRANTS TO LOCAL ORGANIZATIONS WHICH ARE ADMINISTERED THROUGH THE OFFICE OF COMMUNITY ENHANCEMENT AND ENGAGEMENT. APPLICATIONS ARE REVIEWED BY A COMMITTEE OF FACULTY, STAFF AND GRINNELL COLLEGE STUDENTS FROM THE LOCAL AREA. ALL FINANCIAL CONTRIBUTIONS FOCUS ON THE STRATEGIC PRIORITIES OF STRENGTHENING CULTURAL, RECREATIONAL, AND EDUCATIONAL OPPORTUNITIES IN THE LOCAL AREA AS WELL AS INITIATIVES THAT ENHANCE THE SAFETY, BEAUTY, AND ECONOMIC VITALITY OF OUR SURROUNDINGS. GRINNELL COLLEGE HAS ASSEMBLED A DIVERSE SELECTION COMMITTEE TO EVALUATE NOMINEES FOR THE GRINNELL COLLEGE YOUNG INNOVATOR FOR SOCIAL JUSTICE PRIZE. APPOINTED BY THE COLLEGE'S PRESIDENT, THE SELECTION COMMITTEE MEMBERS ARE ALL RECOGNIZED INDIVIDUALS WHO WORK FOR SOCIAL CHANGE IN VARIOUS CAPACITIES. THEIR BACKGROUNDS, ACCOMPLISHMENTS, AND EXPERIENCES REFLECT THE DIVERSITY IN BOTH GRINNELL AND THE STATE. THESE MEMBERS INCLUDE ONE REPRESENTATIVE EACH FROM THE COLLEGE'S FACULTY, STUDENT BODY, ALUMNI, STAFF AND TRUSTEES, PLUS PROMINENT INDIVIDUALS NOT FORMALLY AFFILIATED WITH GRINNELL.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract ExceptionYes (1)InitialContractExceptionInd
Rebuttable Presumption ProcYes (1)RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JAINEN THAYER
CHIEF INVESTMENT OFFICER$540,970$0$541,433$0$966$0$30,500$0$41,195$0$1,155,064$0$0$0
ANNE F HARRIS
PRESIDENT$572,780$0$26,500$0$18,822$0$30,500$0$122,046$0$770,648$0$0$0
VALBONA SCHWAB
DEPUTY CHIEF INVESTMENT OFFICER$401,950$0$200,000$0$630$0$23,800$0$26,331$0$652,711$0$0$0
DAVID S CLAY
FORMER CHIEF INVESTMENT OFFICER$0$0$0$0$525,588$0$0$0$0$0$525,588$0$259,000$0
JACI THIEDE UNTIL 022023
VP DEVELOPMENT & ALUMNI RELATIONS$339,155$0$108,240$0$1,446$0$30,500$0$15,510$0$494,851$0$0$0
JOSEPH P BAGNOLI
VP ENROLLMENT & DEAN OF ADMISSION &$246,913$0$78,151$0$2,254$0$30,845$0$26,959$0$385,122$0$0$0
DAVID ROBINSON
CHIEF INFORMATION OFFICER$214,565$0$67,650$0$391$0$28,823$0$27,546$0$338,975$0$0$0
PAIGE L CARLSON
ASSOCIATE DIRECTOR OF INVESTMENTS$247,286$0$0$0$14,136$0$26,795$0$26,399$0$314,616$0$0$0
HENRY W MOYER
PROFESSOR OF POLITICAL SCIENCE$227,217$0$6,608$0$3,007$0$23,567$0$9,415$0$269,814$0$0$0
NANCY L COMBS
ASSOCIATE VP FINANCE & ASST. TREASUR$187,775$0$26,382$0$1,910$0$21,971$0$31,290$0$269,328$0$0$0
ELAINE M MARZLUFF
PROFESSOR OF CHEMISTRY$216,089$0$7,566$0$9,745$0$23,483$0$11,298$0$268,181$0$0$0
GERMAINE GROSS
VP FINANCE AND TREASURER$180,456$0$29,441$0$25,996$0$21,069$0$5,033$0$261,995$0$0$0
SCHVALLA RIVERA
VP DIVERSITY & INCLUSION - CDO - SR$188,153$0$5,793$0$415$0$19,579$0$10,990$0$224,930$0$0$0
JANA GRIMES
VP OF HUMAN RESOURCES$188,299$0$0$0$1,189$0$19,000$0$10,598$0$219,086$0$0$0
ANGELA VOOS
COS & VP STRAT. INITIATIVES$114,281$0$73,709$0$1,612$0$18,874$0$750$0$209,226$0$0$0
BERONDA L MONTGOMERY
DEAN & VP FOR ACADEMIC AFFAIRS$148,078$0$10,000$0$10,650$0$16,000$0$12,640$0$197,368$0$0$0
DEBRA LUKEHART
FORMER KEY (UNTIL 08/2022)$0$0$0$0$134,810$0$13,775$0$13,788$0$162,373$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE PRESIDENT IS REQUIRED TO LIVE IN COLLEGE OWNED HOUSING. THE COLLEGE EMPLOYS SOMEONE TO MAINTAIN THE CLEANLINESS OF THE RESIDENCE. THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO IRC SECTION 119 AS IT IS A CONDITION OF THE PRESIDENT'S EMPLOYMENT AT THE COLLEGE. THE VALUE OF THE CLEANING SERVICES IS TAXABLE INCOME. A DONOR FUNDED A STUDY TO DETERMINE THE FEASIBILITY AND BENEFITS OF OFFERING CHARTER JET SERVICE TO AND FROM GRINNELL REGIONAL AIRPORT INTO KEY AND STRATEGIC MARKETS. THE PREMISE OF THIS PROJECT WAS TO EXPLORE THE POTENTIAL BENEFITS TO THE COLLEGE BY SUPPORTING DIRECT JET SERVICE TO MAJOR METROPOLITAN AREAS IN THE UNITED STATES ON SELECT AND PEAK TRAVEL DAYS. THE PRESIDENT AND OTHER EMPLOYEES NOT LISTED WERE PROVIDED CHARTER TRAVEL. THIS WAS SOLELY FOR COLLEGE BUSINESS PURPOSES SO IT IS NOT TREATED AS TAXABLE INCOME.
PART I, LINES 4A-BDEBRA LUKEHART RECEIVED SEVERANCE PAYMENTS OF $134,810 PER HER SEVERANCE AGREEMENT WITH THE COLLEGE. FORMER CHIEF INVESTMENT OFFICER WAS PAID HIS NONQUALIFIED DEFERRED COMPENSATION OF $525,588. THE PREVIOUS CONTRIBUTIONS TO THE PLAN WERE MADE BY THE EMPLOYEE AND NOT THE COLLEGE.
PART I, LINE 7THE PRESIDENT OF THE COLLEGE HAS THE AUTHORITY TO AWARD NON-FIXED PAYMENTS TO INDIVIDUALS BASED ON THEIR ACHIEVEMENTS DURING THE FISCAL YEAR OR WRITTEN CONTRACTS WITH THE COLLEGE. TYPICALLY, THESE AMOUNTS ARE DISCRETIONARY AND THE COLLEGE ENSURES THE AMOUNTS ARE REASONABLE WHEN ADDRESSING THE OVERALL COMPENSATION STRUCTURE FOR THE INDIVIDUAL. ANY BONUS PAID TO THE PRESIDENT IS AWARDED AND APPROVED BY THE BOARD OF TRUSTEES. IN JUNE, 2022, ALL ELIGIBLE EMPLOYEES WERE AWARDED A BONUS OF 3% OF FY21 BASE PAY TO PROVIDE SOME FINANCIAL RELIEF DUE TO THE DECISION TO FREEZE WAGES DURING FY21. CERTAIN INDIVIDUALS RECEIVED RETENTION BONUSES.
PART I, LINE 8THE PRESIDENT IS IN HER INITIAL EMPLOYMENT CONTRACT WITH THE COLLEGE EFFECTIVE JULY 1, 2020 THROUGH JUNE 30, 2025.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
IOWA HIGHER EDUCATION LOAN AUTHORITY
A4212356964624602Q82014-11-20$60,381,280REFUND 6-26-08 $60,000,000 BOND ISSUE000
IOWA HIGHER EDUCATION LOAN AUTHORITY
B4212356964624605V42017-02-07$120,702,057FACILITIES CONSTRUCTION AND IMPROVEMENTS000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmt
A$2,745,000$60,381,280$13,196$366,752$60,001,33220140Yes (1)Yes (1)Yes (1)
B$4,400,000$122,180,443$695,093202000Yes (1)Yes (1)$121,485,350

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00000.000000.000000.0000000Yes (1)
B00000.000100.000000.0001000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A0Yes (1)000000Yes (1)
B000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/31/2020
SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3:(A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY BOND B HAS A VARIANCE FROM THE ISSUE PRICE OF $120,702,057 AND THE TOTAL PROCEEDS OF ISSUE $122,180,443, THE $1,478,386 VARIANCE IS DUE TO INVESTMENT EARNINGS.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (3 entries)

Cash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
$101,242SCHOLARSHIPSEDUCATION
$4,075FELLOWSHIPSEDUCATION
$4,200PRIZESEDUCATION

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
MICHAEL MACKENZIE
FAMILY MEMBER OF ANNE F. HARRIS, PRESIDENT$76,420WAGES & BENEFITS0
JULIE BAUMANN
FAMILY MEMBER OF JOESPH P. BAGNOLI, VP OF ENROLLMENT$120,957WAGES & BENEFITS0
CHRISTOPHER BAIR
FAMILY MEMBER OF MARGARET JONES BAIR, SECRETARY$82,345WAGES & BENEFITS0
JOHN ROMMEREIM
FAMILY MEMBER OF ANGELA VOOS, VP OF STRATEGIC PLANNING & CHIEF OF STAFF$181,668WAGES & BENEFITS0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution17ContributionCnt
Noncash Contributions Rpt F990$340,926NoncashContributionsRptF990Amt
Method Of Determining RevenuesINSURED VALUEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution63ContributionCnt
Noncash Contributions Rpt F990$3,450,117NoncashContributionsRptF990Amt
Method Of Determining RevenuesNYSE AVERAGE HIGH/LOWMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)MUSICAL INSTRUMENTS2$30,000MARKET VALUE
Yes (X)MISCELLANEOUS16$1,752MARKET VALUE
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (B):COLUMN (B) IS THE NUMBER OF CONTRIBUTORS.
PART I, LINE 32B:THE LIBRARY MAY USE A THIRD PARTY VENDOR TO SELL BOOK DONATIONS THAT DO NOT FIT THE NEEDS OF THE LIBRARY COLLECTION.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION STATEMENTWHEN GRINNELL COLLEGE FRAMED ITS CHARTER IN THE IOWA TERRITORY OF THE UNITED STATES IN 1846, IT SET FORTH A MISSION TO EDUCATE ITS STUDENTS "FOR THE DIFFERENT PROFESSIONS AND FOR THE HONORABLE DISCHARGE OF THE DUTIES OF LIFE." THE COLLEGE PURSUES THAT MISSION BY PROVIDING AN EDUCATION IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. AS A TEACHING AND LEARNING COMMUNITY, THE COLLEGE HOLDS THAT KNOWLEDGE IS A GOOD TO BE PURSUED BOTH FOR ITS OWN SAKE AND FOR THE INTELLECTUAL, MORAL, AND PHYSICAL WELL-BEING OF INDIVIDUALS AND OF SOCIETY AT LARGE. THE COLLEGE EXISTS TO PROVIDE A LIVELY ACADEMIC COMMUNITY OF STUDENTS AND TEACHERS OF HIGH SCHOLARLY QUALIFICATIONS FROM DIVERSE SOCIAL AND CULTURAL CIRCUMSTANCES. THE COLLEGE AIMS TO GRADUATE INDIVIDUALS WHO CAN THINK CLEARLY, WHO CAN SPEAK AND WRITE PERSUASIVELY AND EVEN ELOQUENTLY, WHO CAN EVALUATE CRITICALLY BOTH THEIR OWN AND OTHERS' IDEAS, WHO CAN ACQUIRE NEW KNOWLEDGE, AND WHO ARE PREPARED IN LIFE AND WORK TO USE THEIR KNOWLEDGE AND THEIR ABILITIES TO SERVE THE COMMON GOOD.
FORM 990, PART I, LINE 6:VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS: THE CENTER FOR CAREERS, LIFE AND SERVICE; ALUMNI COUNCIL AND OTHER COMMUNITY VOLUNTEERS.
FORM 990, PART V, LINE 1A:THE TOTAL OF 2,164 RELATED TO FORM 1096 IS MADE UP OF 443 1099 FORMS AND 1,721 1098-T FORMS.
FORM 990, PART VI, SECTION A, LINE 1ATHE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE BOARD CHAIR, THE BOARD VICE CHAIR(S), AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, OR, IN THEIR ABSENCE, A DESIGNEE. THE CHAIRS OF AD HOC COMMITTEES SHALL SERVE ON THE EXECUTIVE COMMITTEE FOR THE DURATION OF THEIR COMMITTEE CHARTER. THE BOARD CHAIR SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. A. DUTIES AND POWERS. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, TO HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE COLLEGE; ANY ACTION REQUIRING A TWO-THIRDS (2/3) VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO AMEND, ALTER, OR REPEAL THE BYLAWS; AMEND THE ARTICLES OF INCORPORATION; APPROVE THE DISSOLUTION OR MERGER OF THE COLLEGE OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS; ELECT, APPOINT, OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OF TRUSTEES OR ANY OF THE COMMITTEES; AUTHORIZE DISTRIBUTIONS; OR HAVE THE AUTHORITY TO BORROW MONEY. B. EMERGENCIES. IN EMERGENCIES TO MAKE TEMPORARY PROVISION UNTIL THE NEXT MEETING OF THE BOARD FOR THE DISCHARGE OF DUTIES PERFORMED BY THE OFFICERS OF THE COLLEGE. C. CONFLICT OF INTEREST. TO ADMINISTER AND PERFORM THE DUTIES PRESCRIBED UNDER THE COLLEGE'S CONFLICT OF INTEREST POLICY. D. TRANSACTION OF BUSINESS. TO CONVENE AT THE CALL OF THE BOARD CHAIR OR THE PRESIDENT OF THE COLLEGE AT ANY TIME DURING THE YEAR TO TRANSACT BUSINESS AT TIMES AND PLACES CONVENIENT TO THE MAJORITY OF THE EXECUTIVE COMMITTEE, EITHER IN PERSON OR BY ANY ELECTRONIC MEANS OF COMMUNICATION BY WHICH ALL PARTICIPANTS MAY SIMULTANEOUSLY HEAR EACH OTHER AND PARTICIPATE IN DISCUSSION DURING THE MEETING. E. WRITTEN RECORDS. THE EXECUTIVE COMMITTEE SHALL KEEP A WRITTEN RECORD OF ITS PROCEEDINGS.
FORM 990, PART VI, SECTION B, LINE 11BTHE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW TO THE PRESIDENT AND VICE PRESIDENT OF FINANCE AND TREASURER PRIOR TO THE SPRING 2024 TRUSTEE MEETING. THE PUBLIC INSPECTION COPY OF THE THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES FOR REVIEW. IT WAS PRESENTED TO AND REVIEWED IN DETAIL BY THE AUDIT AND ASSESSMENT COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 12COFFICERS AND TRUSTEES ARE REQUIRED TO REPORT ANY CONFLICTS OF INTEREST UNDER THE POLICIES OF THE TRUSTEES OF GRINNELL COLLEGE. ANY CONFLICTS MUST BE DISCLOSED IN WRITING BEFORE ENTERING INTO THE TRANSACTION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A TRANSACTION MAY NOT BE ENTERED INTO UNTIL APPROVED BY A VOTE OF AT LEAST TWO-THIRDS BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES ON ALL CONFLICT OF INTEREST TRANSACTIONS CONSIDERED BY IT AT EACH MEETING OF THE BOARD AND, IF REQUESTED BY THE EXECUTIVE COMMITTEE, THE BOARD SHALL CONSIDER WHETHER TO RATIFY THE ACTIONS OF THE EXECUTIVE COMMITTEE WITH RESPECT TO ANY SUCH CONFLICT OF INTEREST TRANSACTION. A CONFLICT OF INTEREST TRANSACTION MAY ONLY BE RATIFIED BY THE AFFIRMATIVE VOTE BY AT LEAST TWO-THIRDS OF THE TRUSTEES PRESENT AND VOTING AT A MEETING OF THE BOARD DULY CALLED AND HELD AFTER THE EXECUTIVE COMMITTEE HAS RECEIVED THE DISCLOSURE. EACH CURRENT MEMBER OF THE BOARD OF TRUSTEES AND EACH OFFICER SHALL FILE A STATEMENT ANNUALLY WITH THE TREASURER CERTIFYING THAT HE OR SHE HAS READ, AND IS FAMILIAR WITH THE TERMS OF, THIS CONFLICT OF INTEREST POLICY, AND EITHER (A) SETTING FORTH AND DESCRIBING ANY POSSIBLE CONFLICTS OF INTEREST WHICH MAY HAVE ARISEN OR OCCURRED IN THE FISCAL YEAR OF THE COLLEGE ENDING JUNE 30, OR WHICH MAY BE EXPECTED TO ARISE OR OCCUR DURING THE FISCAL YEAR BEGINNING JULY 1, OR (B) THAT HE OR SHE KNOWS OF NO SUCH POSSIBLE CONFLICTS OF INTEREST. KEY EMPLOYEES MUST ANNUALLY COMPLETE THE CAMPUS CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH IS REVIEWED BY A COMMITTEE CONSISTING OF MEMBERS FROM THE HUMAN RESOURCES, TREASURER AND DEAN'S OFFICES, RESPECTIVELY.
FORM 990, PART VI, SECTION B, LINE 15THE COLLEGE HAS A DISQUALIFIED EMPLOYEE COMPENSATION REVIEW POLICY. THE DETERMINATION OF WHO IS CLASSIFIED AS A DISQUALIFIED EMPLOYEE AT GRINNELL COLLEGE IS DETERMINED BY THE LEVEL OF EACH INDIVIDUAL'S INVOLVEMENT IN THE MANAGEMENT AND/OR CONTROL OF CERTAIN FINANCIAL ASPECTS OF THE COLLEGE. GRINNELL COLLEGE WILL ACQUIRE AND USE SUFFICIENT DATA REGARDING COMPARABLE COMPENSATION PACKAGES TO ASSIST IN ESTABLISHING THE COMPENSATION OF DISQUALIFIED EMPLOYEES. THE PROPOSED COMPENSATION FOR EACH DISQUALIFIED PERSON WILL BE APPROVED BY A CONFLICT-FREE DECISION-MAKING BODY COMPOSED OF MEMBERS OF THE GRINNELL COLLEGE BOARD OF TRUSTEES. THE DECISION-MAKING BODY WILL RECEIVE A REBUTTABLE PRESUMPTION SUMMARY FOR EACH INDIVIDUAL AT GRINNELL COLLEGE IDENTIFIED AS A DISQUALIFIED PERSON. ALL RELEVANT INFORMATION WILL BE DOCUMENTED REGARDING THE ACTIONS OF THE DECISION-MAKING BODY. THIS PROCESS WAS USED FOR THE FOLLOWING POSITIONS: PRESIDENT, CHIEF INVESTMENT OFFICER, VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR FINANCE & TREASURER, CHIEF OF STAFF, VICE PRESIDENT FOR COMMUNICATIONS, VICE PRESIDENT FOR ENROLLMENT, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, CHIEF INFORMATION TECHNOLOGY OFFICER, DIRECTOR OF BOARD RELATIONS, ASSOCIATE VICE PRESIDENT FOR FINANCE & ASSISTANT TREASURER, ASSOCIATE VICE PRESIDENT INSTITUTIONAL INITIATIVES & ENROLLMENT, FINKELMAN DEAN, VP DIVERSITY & INCLUSION, VICE PRESIDENT OF COMMUNITY ENGAGEMENT AND STRATEGIC PLANNING, VICE PRESIDENT OF HUMAN RESOURCES, VICE PRESIDENT FOR STUDENT AFFAIRS, AND ASSISTANT VICE-PRESIDENT FOR FACILITIES MANAGEMENT. THE LAST REVIEW WAS CONDUCTED FOR COMPENSATION EFFECTIVE JULY 1, 2024.
FORM 990, PART VI, SECTION C, LINE 19THE COLLEGE MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND OTHER KEY POLICIES (RED FLAG, WHISTLEBLOWER, ETC) AVAILABLE TO THE PUBLIC VIA ITS WEBSITE-WWW.GRINNELL.EDU OR UPON REQUEST.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -367,927. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 9,679. CHANGE IN ACCUMULATED POST RETIREMENT BENEFITS 617,868.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1EXIT 182 GROUP LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesMANAGEMENT OF COLLEGE-OWNED INVESTMENT ASSETSPrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd
FieldValueIRS element (for citing)
EIN451371997EIN
Primary ActivitiesHEALTH INSURANCEPrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Exempt Code Section501(C)(9)ExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
POWESHIEK PETROLEUM CORPORATION
733 BROAD STREETGRINNELLIA50112730646866OIL AND GASILTHE TRUSTEES OF GRINNELL COLLEGEC$69,113$25,0521.00000Yes (1)
CHARITABLE REMINDER UNITRUSTS (2)
CATHE TRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (15)
IATHE TRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
ILTHE TRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMINDER UNITRUSTS (1)
AZTHE TRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
COTHE TRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
MDTHE TRUSTEES OF GRINNELL COLLEGET0
POOLED INCOME FUND (1)
IATHE TRUSTEES OF GRINNELL COLLEGET0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationYes (1)DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST
R$11,309,206CASH TRANSFERRED
POWESHIEK PETROLEUM CORPORATION
F$56,000CASH TRANSFERRED
JOSEPH F ROSENFIELD CHARITABLE REMAINDER UNITRUST
S$200,087CASH TRANSFERRED

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