2023-04-13T16:26:06-05:00 2022-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 PATRICIA LANGER VP OF ADMIN AND FINANCE 6516966000 2023-02-16 1 PATRICIA LANGER 999009999 SARAH HINTZ P00492291 3037795710 2023-03-31 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SUZANNE M RIVERA 1600 GRAND AVENUE ST PAUL MN 55105 509503719 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 33 32 2746 1800 11875120 0 15180951 22699162 125363418 147737334 44284941 71829364 1302049 1788219 186131359 244054079 66291207 73565546 0 0 78051672 80752271 0 0 5289721 39391951 51036018 183734830 205353835 2396529 38700244 1183330680 1170331985 117600326 107982552 1065730354 1062349433 X MACALESTER IS COMMITTED TO BEING A PREEMINENT LIBERAL ARTS COLLEGE WITH AN EDUCATIONAL PROGRAM KNOWN FOR ITS HIGH STANDARDS FOR SCHOLARSHIP AND ITS SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE TO SOCIETY. 0 0 138218772 73446200 112989980 INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 94 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE STUDENT FACULTY RATIO IS 10:1, WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM 41 MAJORS AND 42 MINORS. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY STUDENT. ENROLLMENT FOR FALL 2021 WAS 2,244, AND 543 STUDENTS GRADUATED DURING THE 2021-2022 FISCAL YEAR. 24767274 0 23185720 STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER EXPLORATION DEPARTMENT HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS AFTER GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 21 MEN'S AND WOMEN'S SPORTS TEAMS. 10473470 0 9804670 RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE HALLS, 8 LANGUAGE HOUSES, AND 8 THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, STUDY ABROAD HOUSE, SUBSTANCE-FREE AFFIRMING COMMUNITY, AND DIETARY AFFIRMING INTENTIONAL COMMUNITY). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER TO FOSTER A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM. SUSTAINABILITY IS AN IMPORTANT PRIORITY; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. 1876811 119346 2574137 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 1876811 119346 2574137 175336327 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 3181 0 1 2746 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X PATRICIA LANGER 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 SUZANNE M RIVERA PRESIDENT 40.00 X X 585522 0 117335 CARRIE NORBIN KILLORAN CHAIR 1.00 X X 0 0 0 REBECCA VAN DYCK VICE CHAIR 1.00 X X 0 0 0 ROBIN JACKSON COLMAN VICE CHAIR 1.00 X X 0 0 0 SANDRA ORTIZ SECRETARY 1.00 X X 0 0 0 D CHRISTIAN KOCH TREASURER 1.00 X X 0 0 0 PETER AHN TRUSTEE 1.00 X 0 0 0 KOFI AMOO-GOTTFRIED TRUSTEE 1.00 X 0 0 0 JENNIFER BRAHM TRUSTEE 1.00 X 0 0 0 KAREN BRASEL TRUSTEE 1.00 X 0 0 0 THEODORE CLEMENT TRUSTEE 1.00 X 0 0 0 JERRY CRAWFORD TRUSTEE 1.00 X 0 0 0 MICHAEL DAVIS TRUSTEE 1.00 X 0 0 0 DAVID DENO TRUSTEE 1.00 X 0 0 0 MIHIR DESAI TRUSTEE 1.00 X 0 0 0 EDWARD DEUTSCHLANDER TRUSTEE 1.00 X 0 0 0 EDWARD DONKOR TRUSTEE 1.00 X 0 0 0 BRODERICK GRUBB TRUSTEE 1.00 X 0 0 0 TIMOTHY HART-ANDERSEN TRUSTEE 1.00 X 0 0 0 PATRICIA HUME TRUSTEE 1.00 X 0 0 0 PATRICIAL HURLEY TRUSTEE 1.00 X 0 0 0 AUKSE JURKUTE TRUSTEE 1.00 X 0 0 0 MICHAEL KLINGENSMITH TRUSTEE 1.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 X 0 0 0 SETH LEVINE TRUSTEE 1.00 X 0 0 0 ALICE MORTENSON TRUSTEE 1.00 X 0 0 0 PAUL OLSON TRUSTEE 1.00 X 0 0 0 AMY PAHL TRUSTEE 1.00 X 0 0 0 SARA PETERSON TRUSTEE 1.00 X 0 0 0 SUSAN DUNST SCHWARTZ TRUSTEE 1.00 X 0 0 0 MICHAEL SNEED TRUSTEE 1.00 X 0 0 0 PAUL STRAND TRUSTEE 1.00 X 0 0 0 ANNETTE MORTINSON WHALEY TRUSTEE 1.00 X 0 0 0 PATRICIA LANGER VP OF ADMIN AND FINANCE 40.00 X 184079 0 35776 GARY MARTIN CHIEF INVESTMENT OFFICER 40.00 X 362620 0 50414 DAVID A BROWN VP FOR ADVANCEMENT 40.00 X 272241 0 53288 KARINE MOE PROVOST/DEAN OF FACULTY 40.00 X 279433 0 55399 JEFFREY ALLEN VP FOR ADMISS. & FIN. AID 40.00 X 207834 0 38546 JENNIFER HAAS VP FOR IT SERVICES 40.00 X 187964 0 54049 DERRICK GRIFFEN DIR OF ALT INVESTMENTS 40.00 X 212296 0 55204 DIANE MICHELFELDER PROFESSOR 40.00 X 183864 0 45024 PAUL OVERVOORDE VICE PROVOST/SPEC ASST TO PRESIDENT 40.00 X 175698 0 49455 DIANNA SHANDY PROFESSOR 40.00 X 180317 0 26340 CARLEY STUBER AVP OF DEVELOPMENT 40.00 X 170378 0 32369 BRIAN ROSENBERG PRESIDENT 40.00 X 381890 0 37076 DAVID WHEATON VP OF ADMIN AND FINANCE 40.00 X 363040 0 40322 3747176 0 690597 15 1 1 0 BON APPETIT MANAGEMENT CO 201 REDWOOD SHORES PARKWAY REDWOOD SHORES CA 94065 FOOD SERVICE 5661517 PALMER WEST CONSTRUCTION CO INC 14595 JAMES RD ROGERS MN 55374 CONSTRUCTION 1108386 SILCHESTER INTERNATIONAL INVESTORS INC 780 3RD AV NEW YORK NY 10017 INVESTMENT FEES 637154 IES 33 W MONROE ST STE 2300 CHICAGO IL 60603 STUDY ABROAD PROGRAMS 604554 LOFFLER COMPANIES 3745 LOUISIANA AVE S ST LOUIS PARK MN 55426 MAIL & DOCUMENT SERVICE 558626 44 5561324 17137838 2171778 22699162 TUITION & FEES 611710 129516881 129516881 SALES & SERVICE OF AUX 611710 18220453 18220453 147737334 14985198 11875120 3110078 1619590 1167589 452001 452001 452001 321126217 264282051 56844166 56844166 56844166 MISCELLANEOUS REVENUE 900099 1336218 817173 519045 1336218 244054079 148554507 11875120 60925290 119346 119346 73446200 73446200 2759909 805078 1483186 471645 59013876 48248175 7609878 3155823 4096832 3257242 661189 178401 11205835 8856035 2013991 335809 3675819 2894935 615309 165575 1361042 515911 845131 21778 21778 1138845 1138845 10799197 7277668 3221007 300522 144338 120976 17040 6322 5186633 3375342 1488395 322896 2748765 144267 2548103 56395 4393823 4008460 313586 71777 1869281 1451817 256227 161237 273101 164999 89706 18396 2707917 2689240 18677 9778011 8599005 1179006 42826 41165 1661 STUDY ABROAD 4343463 4341463 2000 BOOKS, PERIODICALS, ART 1547596 1503695 26413 17488 MINOR EQUIPMENT 1479654 910763 555347 13544 3199748 2605710 581808 12230 205353835 175336327 24727787 5289721 15663220 15905858 2027613 2484301 1605121 1108607 976854 986423 383297334 169117386 222448278 214179948 368968657 363624495 521001761 524852661 8147031 7974729 42492145 39214963 1183330680 1170331985 13258808 12938220 2644891 1821045 2787920 1297913 82328787 77864406 668069 728017 15911851 13332951 117600326 107982552 X 218999119 219601799 846731235 842747634 1065730354 1062349433 1183330680 1170331985 X 38700244 -40388567 1138845 -2831443 X X 0 1 X 1 1 1 X 18996565 16816080 16715092 15180951 22699162 90407850 18996565 16816080 16715092 15180951 22699162 90407850 6785468 83622382 18984699 15426497 16440786 14910184 16604788 82366954 1252722 1298146 1174880 538982 1336218 5600948 178375752 571822533 0.46880 0.45030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2017 AMOUNT: $ 1,252,722. 2018 AMOUNT: $ 1,298,146. 2019 AMOUNT: $ 1,174,880. 2020 AMOUNT: $ 538,982. 2021 AMOUNT: $ 1,336,218. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 102749 0 102749 0 199961366 0 200064115 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 104510 103111 104369 102749 414739 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1 MACALESTER COLLEGE IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. MACALESTER PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $131,916 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $102,749 OF MACALESTER'S DUES WENT, IN PART, TOWARD LOBBYING. 0 1 X 835859602 8476734 30207174 27823942 9908117 2878385 833933066 662808250 9707515 203205017 27625121 9521937 2714122 835859602 720259371 7729845 -25769036 27090716 9455831 2865383 662808250 739830889 2641257 16742924 26947226 9079530 2928943 720259371 718862444 2798791 56768663 26780765 8482065 3336179 739830889 0.08750 0.37460 0.53790 0 0 4362100 4362100 16360232 345447239 154205453 207602018 17127763 14911933 2215830 214179948 LP INTEREST IN DOM EQ 118620180 F LP INTEREST IN PRIVATE EQ 163878865 F LP INT IN HEDGE FUNDS 101634791 F LP INT IN REAL EST. 41069295 F LP INT IN NAT. RES. 70878295 F LIQUID ALT. INV. 28771235 F 524852661 INTEREST RATE SWAP AGREEMENT 154579 LIAB UNDER PLANNED GIVING AGMTS 7323303 UNAMORTIZED BOND PREMIUM 5855069 13332951 X 128733690 -40388567 -73203717 -113592284 242325974 1728105 1728105 244054079 203654473 1167589 1167589 202486884 1728105 1138846 2866951 205353835 PART IV, LINE 2B: MACALESTER COLLEGE HELD FUNDS FOR STUDENT ORGANIZATIONS. PART V, LINE 4: MACALESTER COLLEGE USES THE EARNINGS FROM ITS ENDOWMENT FUNDS FOR SCHOLARSHIPS, PRIZES, AWARDS, LIBRARY SUPPORT, PROGRAM SUPPORT, FACULTY SUPPORT, AND RESEARCH IN ACCORDANCE WITH DONOR RESTRICTIONS WHERE APPLICABLE. PART X, LINE 2: THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSES OR BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -1,327,564. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,765,663. CHANGE IN VALUE OF INTEREST RATE SWAP 1,261,784. RENTAL EXPENSE 1,167,589. SCHOLARSHIPS -71,539,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,167,589. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT OFFICE OPERATING EXPENSES 1,138,846. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 MACALESTER COLLEGE RECIEVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, AND DIRECT LOAN PROGRAM). THE COLLEGE ALSO RECEIVED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) AID. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 110212906 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 5035954 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 3140 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 7537 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1884 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 22900 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 125956 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 3050676 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 132349 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 91050 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 85745 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 488556 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 17245 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 252824 0 0 0 0 0 0 118460953 1067769 119528722 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE RECORDED AS EXPENSES IN THE COLLEGE'S GENERAL LEDGER WHEN THE EXPENSES ARE INCURRED, OTHERWISE KNOWN AS THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 MACALESTER GROVELAND COMMUNITY COUNCIL 320 GRIGGS ST ST PAUL MN 55105 411414691 501(C)(3) 30000 0 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD UNION PARK DISTRICT COUNCIL 161 SNELLING AVE N ST PAUL MN 55104 411434829 501(C)(3) 10000 0 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD SOUTHERN ILLINOIS UNIVERSITY 900 SOUTH NORMAL AVENUE CARBONDALE IL 62901 376005961 STATE OF ILLINOIS 52003 0 N/A N/A RESEARCH SUBGRANT UNIVERSITY OF MINNESOTA 2221 UNIVERSITY AVE SE STE 100 MINNEAPOLIS MN 55414 416007513 STATE OF MINNESOTA 12662 0 N/A N/A RESEARCH SUBGRANT UNIVERSITY OF WISCONSIN-RIVER FALLS 410 S 3RD STREET RIVER FALLS WI 54022 391805963 STATE OF WISCONSIN 14681 0 N/A N/A RESEARCH SUBGRANT 5 0 SCHOLARSHIPS AND GRANTS TO STUDENTS 1904 71539863 0 N/A N/A FEDERAL STUDENT EMERGENCY AID 834 1906337 0 N/A N/A PART I, LINE 2: WHEN DETERMINING THE AMOUNT OF FINANCIAL AID A STUDENT WILL RECEIVE, THE FINANCIAL AID OFFICE FIRST CALCULATES HOW MUCH THE STUDENT'S FAMILY CAN REASONABLY AFFORD. THIS CALCULATION RELIES ON TWO PRIMARY SOURCES OF INFORMATION: 1) A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); AND 2) A FINANCIAL AID PROFILE; BOTH OF WHICH ARE COMPLETED BY THE FAMILY. THE FINANCIAL AID OFFICE AWARDS A FINANCIAL AID PACKAGE THAT FILLS THE GAP BETWEEN THE CALCULATED AMOUNT THE STUDENT'S FAMILY CAN REASONABLY AFFORD AND THE COST OF ATTENDING MACALESTER COLLEGE. IN ADDITION, DURING THE 2021/2022 FISCAL YEAR, THE FEDERAL GOVERNMENT PROVIDED STUDENT EMERGENCY AID FUNDS. THE COLLEGE DETERMINED A PROCESS WHEREBY THESE FUNDS WERE DISBURSED TO STUDENTS AND REIMBURSED ITSELF AFTER THE FUNDS WERE DISBURSED. SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SMALL GRANTS TO NEIGHBORHOOD ORGANIZATIONS WORKING TO MAKE OUR NEIGHBORHOOD A VIBRANT PLACE TO LIVE, AND TO LOCAL NEIGHBORHOOD COUNCILS COMMITTED TO AREA LIVABILITY ISSUES. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A REPORT DESCRIBING USE OF GRANT FUNDS AT LEAST ANNUALLY OR AT THE CLOSE OF A SPECIFIC PROJECT. THE COLLEGE ALSO MAKES SUBAWARDS FROM GRANT FUNDS TO ORGANIZATIONS THAT AID IN THE RESEARCH BEING CONDUCTED. SUBRECIPIENTS MUST SUBMIT DETAILED REPORTS OF EXPENDITURES BEFORE MACALESTER WILL REIMBURSE THEM. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SUZANNE M RIVERA PRESIDENT 514720 0 0 0 70802 0 29000 0 88335 0 702857 0 0 0 BRIAN ROSENBERG PRESIDENT 379032 0 0 0 2858 0 29000 0 8076 0 418966 0 0 0 GARY MARTIN CHIEF INVESTMENT OFFICER 360146 0 0 0 2474 0 29000 0 21414 0 413034 0 0 0 DAVID WHEATON VP OF ADMIN AND FINANCE 361510 0 0 0 1530 0 29000 0 11322 0 403362 0 0 0 KARINE MOE PROVOST/DEAN OF FACULTY 278264 0 0 0 1169 0 29000 0 26399 0 334832 0 0 0 DAVID A BROWN VP FOR ADVANCEMENT 267900 0 0 0 4341 0 29000 0 24288 0 325529 0 0 0 DERRICK GRIFFEN DIR OF ALT INVESTMENTS 212089 0 0 0 207 0 29000 0 26204 0 267500 0 0 0 JEFFREY ALLEN VP FOR ADMISS. & FIN. AID 207644 0 0 0 190 0 29000 0 9546 0 246380 0 0 0 JENNIFER HAAS VP FOR IT SERVICES 187399 0 0 0 565 0 27897 0 26152 0 242013 0 0 0 DIANE MICHELFELDER PROFESSOR 181756 0 0 0 2108 0 26588 0 18436 0 228888 0 0 0 PAUL OVERVOORDE VICE PROVOST/SPEC ASST TO PRESIDENT 175256 0 0 0 442 0 24872 0 24583 0 225153 0 0 0 PATRICIA LANGER VP OF ADMIN AND FINANCE 183550 0 0 0 529 0 25013 0 10763 0 219855 0 0 0 DIANNA SHANDY PROFESSOR 179993 0 0 0 324 0 25784 0 556 0 206657 0 0 0 CARLEY STUBER AVP OF DEVELOPMENT 170142 0 0 0 236 0 4590 0 27779 0 202747 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE IF THE PURPOSE OF THEIR TRIP IS RELATED TO COLLEGE BUSINESS. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT IS PROVIDED WITH HOUSING AS A CONDITION OF EMPLOYMENT. THE HOUSE IS USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES ARE ALSO PROVIDED. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ELIGIBLE COLLEGE EMPLOYEES RECEIVE AN ANNUAL RETIREMENT PLAN CONTRIBUTION FROM THE COLLEGE EQUAL TO 10% OF ELIGIBLE SALARY, SUBJECT TO IRS ANNUAL LIMITS. BECAUSE THE RETIREMENT CONTRIBUTION FOR THE PRESIDENT HITS THE IRS LIMIT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL COMPENSATION WITH AN AMOUNT THAT BRINGS THE RETIREMENT PLAN CONTRIBUTION TO THE LEVEL OF OTHER PARTICIPANTS IN THE PLAN. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS ADDITIONAL COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 6041518J2 2003-02-20 15300000 DORMITORY IMPROVEMENTS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HP99 2015-09-11 24876534 CONST/REFINANCE BONDS 0 0 0 C MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416H5R1 2017-11-08 43520305 CONST/REFINANCE BONDS 0 0 0 D MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416JDW7 2021-04-01 12870000 CONST/REFINANCE BONDS 0 0 0 A 15300000 300000 15000000 2004 0 0 1 1 B 8500000 24876534 224105 5000000 2018 1 0 1 1 C 10300000 43520305 189449 22014833 2019 1 0 1 1 D 13123903 14929199 206975 2040000 2023 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 RBC 0.080000000000 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2007 X 45 2171778 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN B FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE OFFICERS OF THE CORPORATION, THE CHAIR OF EACH OF THE PERMANENT COMMITTEES OF THE BOARD, AND SUCH OTHER MEMBERS OF THE BOARD OF TRUSTEES AS THE BOARD MAY DETERMINE. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, BUT A LESSER NUMBER SHALL HAVE THE POWER TO ADJOURN ANY MEETING TO A SUBSEQUENT DATE. ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL RECEIVE NOTICE OF AND MAY ATTEND ALL EXECUTIVE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE ACCOUNTING FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP OF ADMINISTRATION AND FINANCE, ASSOCIATE VP FOR FINANCE, AND DIRECTOR OF ACCOUNTING. ONCE A FINAL DRAFT OF THE FORM IS READY, EACH MEMBER OF THE BOARD OF TRUSTEES IS E-MAILED A COPY FOR REVIEW (WITH SCHEDULE B INFORMATION REDACTED). ALL BOARD MEMBERS ARE INSTRUCTED TO REVIEW THE FORM AND PROVIDE FEEDBACK BY A SPECIFIED DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SENT A CONFLICT OF INTEREST PACKET THAT INCLUDES A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE. COMPLETED QUESTIONNAIRES ARE RETURNED TO THE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, WHERE THEY ARE REVIEWED FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF A CONFLICT EXISTS AT ANY TIME DURING THE YEAR, THE AFFECTED BOARD MEMBER(S) MUST ABSTAIN FROM ANY DELIBERATIONS AND VOTING ON THE TOPIC TO WHICH THE CONFLICT APPLIES. THESE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE DIRECTOR OF EMPLOYMENT SERVICES COMPILES DATA TO SUPPORT THE WORK OF THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE REGARDING THE COMPENSATION OF THE PRESIDENT. THE DATA ARE COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND ARE SHARED WITH ALL MEMBERS OF THE COMMITTEE. THE COMMITTEE IS ALSO MADE AWARE OF THE PLANNED INCREASES FOR ADMINISTRATIVE STAFF AS DETERMINED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THE COMMITTEE'S FINAL RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION IS APPROVED BY THE FULL BOARD AND COMMUNICATED IN WRITING FOR PROCESSING AND FILING. THE COMMITTEE ALSO RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE ACCESSIBLE BY THE PUBLIC VIA THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -1,327,564. CHANGE IN VALUE OF INTEREST RATE SWAP 1,261,784. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,765,663. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HOLL TR A-MACALESTER COLLEGE PO BOX 0634 MILWAUKEE WI 53201 416459793 PERPETUAL TRUST MN 501(C)(3) LINE 12D, III-O MACALESTER COLLEGE 1 CHARITABLE REMAINDER TRUSTS (13) INVESTMENTS MN MACALESTER COLLEGE T 1 CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS MA MACALESTER COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HOLL TRUST S 1577914 CASH TRANSFERRED