THE TRUSTEES OF GRINNELL COLLEGE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE TRUSTEES OF GRINNELL COLLEGE (EIN 42-0680387)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-11
IRS object ID
202211319349301701
Schema version
2020v4.2
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)
Return2022-05-11T07:42:13-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

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 Line1220 S 6TH STREET SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420680387EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES 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)
PersonNANCY COMBSPersonNm
Person TitleINTERIM VICE-PRESIDENT FOR FINANCEPersonTitleTxt
Phone6412699700PhoneNum
Signature2022-05-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNANCYPersonFirstNm
Person LastCOMBSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHAD LASSENPreparerPersonNm
PTINP01587992PTIN
Phone6123764500PhoneNum
Preparation2022-05-06PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerNANCY COMBSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP501122227ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,019,491,317GrossReceiptsAmt
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 Body29VotingMembersGoverningBodyCnt
Voting Members Independent29VotingMembersIndependentCnt
Total Employee2228TotalEmployeeCnt
Total Volunteers802TotalVolunteersCnt
Total Gross UBI$1,998,380TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$1,153,807NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,404,452PYContributionsGrantsAmt
CY Contributions Grants$11,462,523CYContributionsGrantsAmt
PY Program Service Revenue$106,861,497PYProgramServiceRevenueAmt
CY Program Service Revenue$87,341,535CYProgramServiceRevenueAmt
PY Investment Income$86,166,893PYInvestmentIncomeAmt
CY Investment Income$174,274,866CYInvestmentIncomeAmt
PY Other Revenue$1,118,721PYOtherRevenueAmt
CY Other Revenue$896,902CYOtherRevenueAmt
PY Total Revenue$211,551,563PYTotalRevenueAmt
CY Total Revenue$273,975,826CYTotalRevenueAmt
PY Grants And Similar Paid$56,894,395PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$52,346,251CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$80,552,806PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$78,833,740CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$782,720PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$204,800CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,563,079CYTotalFundraisingExpenseAmt
PY Other Expenses$56,695,063PYOtherExpensesAmt
CY Other Expenses$58,582,785CYOtherExpensesAmt
PY Total Expenses$194,924,984PYTotalExpensesAmt
CY Total Expenses$189,967,576CYTotalExpensesAmt
PY Revenues Less Expenses$16,626,579PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$84,008,250CYRevenuesLessExpensesAmt
Total Assets BOY$2,534,031,984TotalAssetsBOYAmt
Total Assets EOY$3,450,447,819TotalAssetsEOYAmt
Total Liabilities BOY$231,048,879TotalLiabilitiesBOYAmt
Total Liabilities EOY$300,125,396TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,302,983,105NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,150,322,423NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$96,141,088ExpenseAmt
Grant$50,430,739GrantAmt
Revenue$82,242,609RevenueAmt
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$25,221,929ExpenseAmt
Grant$1,230,825GrantAmt
Revenue$708,266RevenueAmt
DescSTUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$27,557,285ExpenseAmt
Grant$684,687GrantAmt
Revenue$0RevenueAmt
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 Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$15,119,944ExpenseAmt
Grant$0GrantAmt
Revenue$4,390,660RevenueAmt
DescOTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$15,119,944TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$4,390,660TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$164,040,246TotalProgramServiceExpensesAmt
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 OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
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 Document1969IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2228EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryUKForeignCountryCd
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 Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (1)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members29GoverningBodyVotingMembersCnt
Independent Voting Member29IndependentVotingMemberCnt
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 Line1NANCY COMBSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6412699700PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (48 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
DAVID E MAXWELL
TRUSTEE & CHAIR4.000.00Yes (X)Yes (X)$0$0$0
MICHAEL B KAHN
TRUSTEE & VICE CHAIR4.000.00Yes (X)Yes (X)$0$0$0
SHERYL WALTER
TRUSTEE & VICE CHAIR4.000.00Yes (X)Yes (X)$0$0$0
TRISH FITZGIBBONS ANDERSON
TRUSTEE2.000.00Yes (X)$0$0$0
DAVID B BRAMAN
TRUSTEE2.000.00Yes (X)$0$0$0
R CHRISTINA CUTLIP
TRUSTEE1.000.00Yes (X)$0$0$0
ODILE DISCH-BHADKAMKAR
TRUSTEE1.000.00Yes (X)$0$0$0
JEETANDER DULANI
TRUSTEE1.000.00Yes (X)$0$0$0
SHELLEY FLOYD
TRUSTEE1.000.00Yes (X)$0$0$0
JULIE GOSSELINK
TRUSTEE1.000.00Yes (X)$0$0$0
KEITH A JANTZEN
TRUSTEE1.000.00Yes (X)$0$0$0
JOHN H KISPERT
TRUSTEE2.000.00Yes (X)$0$0$0
KIMBERLY A KUNCL
TRUSTEE1.000.00Yes (X)$0$0$0
TOBI KLEIN MARCUS
TRUSTEE2.000.00Yes (X)$0$0$0
G CHRISTOPHER MEYER
TRUSTEE1.000.00Yes (X)$0$0$0
KATHRYN J MOHRMAN
TRUSTEE1.000.00Yes (X)$0$0$0
GEORGE E MOOSE
TRUSTEE2.000.00Yes (X)$0$0$0
STEPHEN G MOYER
TRUSTEE1.000.00Yes (X)$0$0$0
JEANNE MYERSON
TRUSTEE2.000.00Yes (X)$0$0$0
ANGELA ONWUACHI-WILLIG
TRUSTEE1.000.00Yes (X)$0$0$0
SAUMIL H PARIKH
TRUSTEE1.000.00Yes (X)$0$0$0
NANCY L RADERMECHER
TRUSTEE1.000.00Yes (X)$0$0$0
W EDWARD SENN
TRUSTEE2.000.00Yes (X)$0$0$0
KAREN E SHAFF
TRUSTEE1.000.00Yes (X)$0$0$0
JOEL R SPIEGEL
TRUSTEE1.000.00Yes (X)$0$0$0
KRISTIN STOUT
TRUSTEE1.000.00Yes (X)$0$0$0
MATTHEW E WELCH
TRUSTEE2.000.00Yes (X)$0$0$0
ERIC E WHITAKER
TRUSTEE1.000.00Yes (X)$0$0$0
CONNIE WIMER
TRUSTEE1.000.00Yes (X)$0$0$0
JAINEN THAYER
CHIEF INVESTMENT OFFICER60.000.00Yes (X)$797,176$0$61,371
ANNE HARRIS
PRESIDENT60.000.00Yes (X)$400,025$0$66,504
KEITH ARCHER
VP FINANCE AND TREASURER60.000.00Yes (X)$253,632$0$47,296
MEG JONES BAIR
SECRETARY50.000.00Yes (X)$101,504$0$33,729
JACI THIEDE
VP DEVELOPMENT & ALUMNI RELATIONS60.000.00$330,503$0$42,665Yes (X)
JOSEPH P BAGNOLI
VP ENROLLMENT60.000.00$233,441$0$93,865Yes (X)
ANGELA VOOS
VP STRAT. INITIATIVES/CHIEF OF STAFF60.000.00$223,759$0$27,453Yes (X)
DAVID R ROBINSON
CHIEF INFORMATION OFFICER60.000.00$200,050$0$45,831Yes (X)
DEBRA LUKEHART
VP COMMUNICATIONS60.000.00$194,369$0$47,071Yes (X)
ELAINE M MARZLUFF
INTERIM DEAN OF THE COLLEGE60.000.00$182,942$0$29,434Yes (X)
SARAH MOSCHENROSS
VP STUDENT AFFAIRS60.000.00$159,447$0$45,988Yes (X)
PAIGE L CARLSON
ASSOCIATE DIRECTOR OF INVESTMENTS50.000.00$316,072$0$55,541Yes (X)
DAVID E LOPATTO
PSYCHOLOGY PROF/DIR-CTR FOR TEACHING50.000.00$188,743$0$68,204Yes (X)
HENRY W MOYER
PROFESSOR OF POLITICAL SCIENCE50.000.00$220,994$0$33,402Yes (X)
DAVID G CAMPBELL
PROFESSOR OF BIOLOGY50.000.00$205,707$0$43,198Yes (X)
JAMES SWARTZ
PROFESSOR OF CHEMISTY50.000.00$180,489$0$39,113Yes (X)
RAYNARD S KINGTON
FORMER PRESIDENT60.000.00$349,813$0$90,463Yes (X)
NANCY L COMBS
CONTROLLER & ASSISTANT TREASURER50.000.00$175,294$0$47,485Yes (X)
JOHN W KALKBRENNER
AVP FOR AUXILLARY SERVICES50.000.00$196,687$0$45,645Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,910,647TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$964,258TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K153IndivRcvdGreaterThan100KCnt
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
SUMMIT STREET CAPITAL MANAGEMENT LLC
509 MADISON AVE 19TH FLOORNEW YORKNY10022INVESTMENT MANAGER$1,276,098
EAGLE CAPITAL
499 PARK AVENUE 17TH FLOORNEW YORKNY10022INVESTMENT MANAGER$1,224,397
BARES CAPITAL MANAGEMENT
12600 HILL COUNTRY BLVD STE R-230AUSTINTX78738INVESTMENT MANAGER$849,227
PLUS CONSULTING LLC
505 WASHINGTON AVECARNEGIEPA15106IT CONSULTANT$546,367
NYEMASTER GOODE PC
STE 1600 700 WALNUTDES MOINESIA503093899LEGAL$489,279
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K20CntrctRcvdGreaterThan100KCnt
Government Grants$2,832,622GovernmentGrantsAmt
All Other Contributions$8,629,901AllOtherContributionsAmt
Noncash Contributions$551,969NoncashContributionsAmt
Total Contributions$11,462,523TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION611600$82,172,699$82,172,699
AUXILIARY SERVICES611710$4,390,620$4,390,620
FEES, SOURCES, AND FIN611710$708,266$708,266
INDIRECT COST RECOVERY611710$1,530$1,530
ALUMNI FEES611710$40$40

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$68,380TotalRevenueColumnAmt
Related Or Exempt Func Income$68,380RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$87,341,535TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,952,091TotalRevenueColumnAmt
Unrelated Business Revenue$1,998,380UnrelatedBusinessRevenueAmt
Exclusion$3,953,711ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,161TotalRevenueColumnAmt
Exclusion$1,161ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$924,366TotalRevenueColumnAmt
Exclusion$924,366ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$143,923RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$173,388RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$29,465RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$29,465TotalRevenueColumnAmt
Exclusion-$29,465ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$913,614,017SecuritiesAmt
Other$49,700OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$745,312,932SecuritiesAmt
Other$29,171OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$168,301,085SecuritiesAmt
Other$20,529OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$168,321,614TotalRevenueColumnAmt
Exclusion$168,321,614ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$2,001TotalRevenueColumnAmt
Exclusion$2,001ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,001OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$273,975,826TotalRevenueColumnAmt
Related Or Exempt Func Income$82,241,079RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,998,380UnrelatedBusinessRevenueAmt
Exclusion$178,273,844ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$448,787TotalAmt
Program Services$448,787ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$43,246,180TotalAmt
Program Services$43,246,180ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$8,651,284TotalAmt
Program Services$8,651,284ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,962,968TotalAmt
Program Services$716,524ProgramServicesAmt
Management And General$1,565,789ManagementAndGeneralAmt
Fundraising$680,655FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,270,632TotalAmt
Program Services$399,540ProgramServicesAmt
Management And General$871,092ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$55,899,504TotalAmt
Program Services$51,073,535ProgramServicesAmt
Management And General$2,108,480ManagementAndGeneralAmt
Fundraising$2,717,489FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,170,671TotalAmt
Program Services$4,386,499ProgramServicesAmt
Management And General$484,828ManagementAndGeneralAmt
Fundraising$299,344FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$9,271,049TotalAmt
Program Services$7,935,394ProgramServicesAmt
Management And General$763,802ManagementAndGeneralAmt
Fundraising$571,853FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,258,916TotalAmt
Program Services$3,737,059ProgramServicesAmt
Management And General$304,768ManagementAndGeneralAmt
Fundraising$217,089FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$752,667TotalAmt
Program Services$48,001ProgramServicesAmt
Management And General$703,566ManagementAndGeneralAmt
Fundraising$1,100FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$96,918TotalAmt
Management And General$96,918ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$204,800TotalAmt
Fundraising$204,800FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,496TotalAmt
Program Services$1,497ProgramServicesAmt
Management And General$2,999ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,857,507TotalAmt
Program Services$3,436,499ProgramServicesAmt
Management And General$357,280ManagementAndGeneralAmt
Fundraising$63,728FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$115,725TotalAmt
Program Services$90,277ProgramServicesAmt
Management And General$24,368ManagementAndGeneralAmt
Fundraising$1,080FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,930,516TotalAmt
Program Services$7,559,179ProgramServicesAmt
Management And General$87,858ManagementAndGeneralAmt
Fundraising$283,479FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,167,085TotalAmt
Program Services$2,984,200ProgramServicesAmt
Management And General$182,139ManagementAndGeneralAmt
Fundraising$746FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$9,447TotalAmt
Program Services$9,428ProgramServicesAmt
Fundraising$19FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,405,166TotalAmt
Program Services$5,903,771ProgramServicesAmt
Management And General$309,165ManagementAndGeneralAmt
Fundraising$192,230FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$411,975TotalAmt
Program Services$362,012ProgramServicesAmt
Management And General$46,528ManagementAndGeneralAmt
Fundraising$3,435FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$559,433TotalAmt
Program Services$416,528ProgramServicesAmt
Management And General$131,247ManagementAndGeneralAmt
Fundraising$11,658FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,840,965TotalAmt
Program Services$5,840,965ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$13,759,249TotalAmt
Program Services$13,344,139ProgramServicesAmt
Management And General$255,961ManagementAndGeneralAmt
Fundraising$159,149FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$731,500TotalAmt
Program Services$731,500ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INVEST. EXCISE AND UBI$12,026,078$1,169$12,024,909
DINING PROGRAM FOOD COS$1,043,268$1,043,268
OFF CAMPUS PROGRAM COST$336,170$336,170
SPECIAL PROGRAMS$209,358$203,798$5,560

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,325,262TotalAmt
Program Services$1,133,043ProgramServicesAmt
Management And General$36,994ManagementAndGeneralAmt
Fundraising$155,225FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$189,967,576TotalAmt
Program Services$164,040,246ProgramServicesAmt
Management And General$20,364,251ManagementAndGeneralAmt
Fundraising$5,563,079FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,932,570BOYAmt
EOY$3,271,051EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,098,682BOYAmt
EOY$7,104,905EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,519,606BOYAmt
EOY$4,117,782EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,838BOYAmt
EOY$410EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,325,559BOYAmt
EOY$1,242,381EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,667,377BOYAmt
EOY$3,525,248EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$571,316,514LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$239,397,588LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$339,549,012BOYAmt
EOY$331,918,926EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$534,808,549BOYAmt
EOY$712,437,241EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,635,882,723BOYAmt
EOY$2,382,136,146EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$5,243,068BOYAmt
EOY$4,693,729EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,534,031,984BOYAmt
EOY$3,450,447,819EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$35,705,920BOYAmt
EOY$46,164,717EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,016,026BOYAmt
EOY$5,876,110EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$180,662,494BOYAmt
EOY$173,519,960EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$4,043,841BOYAmt
EOY$4,140,759EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$60,012,799EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,620,598BOYAmt
EOY$10,411,051EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$231,048,879BOYAmt
EOY$300,125,396EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,595,011,033BOYAmt
EOY$2,160,524,998EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$707,972,072BOYAmt
EOY$989,797,425EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,302,983,105BOYAmt
EOY$3,150,322,423EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,534,031,984BOYAmt
EOY$3,450,447,819EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$84,008,250ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$766,349,096NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$3,018,028OtherChangesInNetAssetsAmt
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$42,047RevenuesIncludedAmt
Assets Included$9,787,622AssetsIncludedAmt

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$2,090,750,442BeginningYearBalanceAmt
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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,871,046,105BeginningYearBalanceAmt
Contributions$13,951,066ContributionsAmt
Investment Earnings Or Losses$184,388,901InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,647,276GrantsOrScholarshipsAmt
Other Expenditures$56,133,664OtherExpendituresAmt
End Year Balance$1,991,605,132EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,648,783,045BeginningYearBalanceAmt
Contributions$3,652,010ContributionsAmt
Investment Earnings Or Losses$301,514,594InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,397,837GrantsOrScholarshipsAmt
Other Expenditures$61,505,707OtherExpendituresAmt
End Year Balance$1,871,046,105EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.67000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.33000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$100InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$4,725,916OtherCostOrOtherBasisAmt
Book Value$4,726,016BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$457,820,733OtherCostOrOtherBasisAmt
Depreciation$168,252,574DepreciationAmt
Book Value$289,568,159BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$80,544,169OtherCostOrOtherBasisAmt
Depreciation$62,728,143DepreciationAmt
Book Value$17,816,026BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,225,596OtherCostOrOtherBasisAmt
Depreciation$8,416,871DepreciationAmt
Book Value$19,808,725BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$331,918,926TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$29,447,960BookValueAmt
Method ValuationFMethodValuationCd

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NON-MARKETABLE ALTERNATIVES$1,354,144,591F
MARKETABLE ALTERNATIVES$991,244,003F
OTHER SECURITIES$19,310F
BENEFICIAL INTEREST IN TRUSTS$7,280,282F
FieldValueIRS element (for citing)
Total Book Value Securities$2,382,136,146TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescANNUITIES PAYABLEDesc
Amt$10,411,051Amt
FieldValueIRS element (for citing)
Total Liability$10,411,051TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$978,451,160TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$766,349,096NetUnrealizedGainsInvstAmt
Other Revenue$181,609OtherRevenueAmt
Revenue Not Reported$766,530,705RevenueNotReportedAmt
Revenue Subtotal$211,920,455RevenueSubtotalAmt
Other Revenues Not Included$62,055,371OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$62,055,371RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$273,975,826TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$131,111,842TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$173,388OtherExpensesIncludedAmt
Expenses Not Reported$173,388ExpensesNotReportedAmt
Expenses Subtotal$130,938,454ExpensesSubtotalAmt
Other Expenses Not Included$59,029,122OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$59,029,122ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$189,967,576TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:THE FOCUS OF THE GRINNELL COLLEGE ART COLLECTION IS WORKS ON PAPER OF ALL TYPES THOUGH IT IS NOT EXCLUSIVELY A WORKS ON PAPER COLLECTION. THE MUSEUM OF ART AND ITS ART COLLECTION PROMOTE LEARNING THROUGH ARTISTIC EXCELLENCE AND CREATIVE COLLABORATION. GOALS OF THE MUSEUM INCLUDE DEVELOPING COLLECTIONS THAT DIRECTLY SUPPORT EXHIBITIONS, TEACHING, AND RESEARCH AND TO PROVIDE A VARIETY OF LEARNING OPPORTUNITIES WITH ART AS THE PRIMARY SOURCE USING THE COLLECTION AS A DYNAMIC PART OF THE LEARNING PROCESS AND ACROSS THE CURRICULUM, FACILITATING THE INTEGRATION OF THE GALLERY AND ITS RESOURCES IN THE CLASSROOM AND IN RESEARCH.
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, 2021, 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 173,388. CHANGE IN VALUE OF LIFE INSURANCE 8,221.
PART XI, LINE 4B - OTHER ADJUSTMENTS:GRANT AND SCHOLARSHIPS 50,030,422. ALUMNI FEES 40. INVESTMENT EXCISE AND UNRELATED BUSINESS INCOME TAX 12,024,909.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT RENTAL EXPENSES 173,388.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANT AND SCHOLARSHIPS 50,030,422. ALUMNI FEES 40. INVESTMENT EXCISE AND UNRELATED BUSINESS INCOME TAX 12,024,909. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -1,175,449. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -1,850,800.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
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.
SCHEDULE E, PART I, LINE 6FINANCIAL AID RECEIVED WERE PELL GRANTS, SEOG, AND OTHER GRANTS FOR STUDENTS. GRINNELL COLLEGE ALSO RECEIVED NSF, NEH, AND HEERF (COVID-19) FUNDING.

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (23 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA & CARIBBEAN00GRANTS$378,726
SOUTH ASIA00GRANTS$2,852,815
SOUTH AMERICA00GRANTS$831,670
RUSSIA & NEIGHBORING STATES00GRANTS$288,045
SUB-SAHARAN AFRICA00GRANTS$612,035
MIDDLE EAST & NORTH AFRICA00GRANTS$217,614
EUROPE00GRANTS$1,071,098
EAST ASIA & THE PACIFIC00GRANTS$2,305,539
NORTH AMERICA00GRANTS$93,742
EUROPE00INVESTMENTS (BOOK VALUE)$35,316,591
SUB-SAHARAN AFRICA00INVESTMENTS (BOOK VALUE)$47,299,299
CENTRAL AMERICA & CARIBBEAN00INVESTMENTS (BOOK VALUE)$700,013,542
NORTH AMERICA00INVESTMENTS (BOOK VALUE)$96,000
EUROPE00INVESTMENTS (EXPENDITURES)$5,643,775
EAST ASIA & THE PACIFIC00INVESTMENTS (EXPENDITURES)$11,266,143
SUB-SAHARAN AFRICA00INVESTMENTS (EXPENDITURES)$5,287,023
CENTRAL AMERICA & CARIBBEAN00INVESTMENTS (EXPENDITURES)$96,691,184
RUSSIA & NEIGHBORING STATES00PROGRAM SERVICES$3,500ACADEMIC/EDUCATION
SOUTH AMERICA00PROGRAM SERVICES$520ACADEMIC/EDUCATION
EUROPE11PROGRAM SERVICES$37,844ACADEMIC/EDUCATION
CENTRAL AMERICA & CARIBBEAN00PROGRAM SERVICES$1,013ACADEMIC/EDUCATION
SOUTH ASIA00PROGRAM SERVICES$676ACADEMIC/EDUCATION
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$9,179ACADEMIC/EDUCATION
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office1ContinuationTotalOfficeCnt
Continuation Total Employee1ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$8,557,542SubtotalSpentAmt
Continuation Spent$901,760,031ContinuationSpentAmt
Total Spent$910,317,573TotalSpentAmt
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (33 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
AWARDSSOUTH ASIA1$17,500CHECKN/AN/A
AWARDSSOUTH AMERICA1$17,500WIRE TRANSFERN/AN/A
FELLOWSHIPSSUB-SAHARAN AFRICA4$10,029CHECKN/AN/A
FELLOWSHIPSSOUTH ASIA28$53,296CHECKN/AN/A
FELLOWSHIPSSOUTH AMERICA9$18,228CHECKN/AN/A
FELLOWSHIPSRUSSIA & NEIGHBORING STATES2$3,500CHECKN/AN/A
FELLOWSHIPSNORTH AMERICA4$6,800CHECKN/AN/A
FELLOWSHIPSMIDDLE EAST & NORTH AFRICA3$2,850CHECKN/AN/A
FELLOWSHIPSEUROPE15$18,475CHECKN/AN/A
FELLOWSHIPSCENTRAL AMERICA & CARIBBEAN3$2,988CHECKN/AN/A
FELLOWSHIPSEAST ASIA & THE PACIFIC43$74,170CHECKN/AN/A
INTERNSHIPSSOUTH ASIA11$40,837CHECKN/AN/A
INTERNSHIPSSOUTH AMERICA3$10,921CHECKN/AN/A
INTERNSHIPSRUSSIA & NEIGHBORING STATES1$3,200CHECKN/AN/A
INTERNSHIPSNORTH AMERICA2$7,700CHECKN/AN/A
INTERNSHIPSMIDDLE EAST & NORTH AFRICA1$5,814CHECKN/AN/A
INTERNSHIPSEUROPE3$10,840CHECKN/AN/A
INTERNSHIPSEAST ASIA & THE PACIFIC9$31,040CHECKN/AN/A
PRIZESEUROPE11$18,400CHECKN/AN/A
PRIZESSOUTH AMERICA2$4,200CHECKN/AN/A
PRIZESSOUTH ASIA11$8,039CHECKN/AN/A
PRIZESSUB-SAHARAN AFRICA3$6,700CHECKN/AN/A
PRIZESCENTRAL AMERICA & CARIBBEAN2$5,200CHECKN/AN/A
PRIZESEAST ASIA & THE PACIFIC10$7,175CHECKN/AN/A
SCHOLARSHIPSMIDDLE EAST & NORTH AFRICA5$208,950CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSEUROPE23$1,023,383CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSNORTH AMERICA3$79,242CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSRUSSIA & NEIGHBORING STATES6$281,345CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSSOUTH AMERICA19$780,821CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSSOUTH ASIA72$2,733,143CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSSUB-SAHARAN AFRICA11$595,306CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSEAST ASIA & THE PACIFIC172$2,193,154CREDIT TO STUDENT ACCOUNTN/AN/A
SCHOLARSHIPSCENTRAL AMERICA & CARIBBEAN8$370,538CREDIT TO STUDENT ACCOUNTN/AN/A
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
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 G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
BENTZ WHALEY FLESSNER
7251 OHMS LANEMINNEAPOLISMN55439FUNDRAISING PLAN DEVELOPMENT0$0$16,125$0
LEVEL 5 THE EXPO GROUP
5931 W CAMPUS CIRCLE DRIRVINGTX75063FUNDRAISING PLAN DEVELOPMENT0$0$188,675$0
FieldValueIRS element (for citing)
Total Retained By Contractors$204,800TotalRetainedByContractorsAmt
Licensed StatesAKLicensedStatesCd
Licensed StatesALLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesAZLicensedStatesCd
Licensed StatesDELicensedStatesCd
Licensed StatesIDLicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesIALicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMTLicensedStatesCd
Licensed StatesNELicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesSDLicensedStatesCd
Licensed StatesTXLicensedStatesCd
Licensed StatesVTLicensedStatesCd
Licensed StatesWYLicensedStatesCd

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
CITY OF GRINNELL
520 4TH AVENUEGRINNELLIA50112426004734GOV$277,500N/AN/AGENERAL SUPPORT
CLAUDE W AND DOLLY AHERNS FOUNDATION
1510 PENROSE STGRINNELLIA50112391906775501(C)(3)$21,548N/AN/AGENERAL SUPPORT
GREATER POWESHIEK COMMUNITY FOUNDATION
1510 PENROSE STGRINNELLIA50112421298055501(C)(3)$31,680N/AN/AGENERAL SUPPORT
GRINNELL AREA CHAMBER OF COMMERCE
833 4TH AVENUEGRINNELLIA50112420286455501(C)(6)$9,050N/AN/AGENERAL SUPPORT
MID-IOWA COMMUNITY ACTION
1001 SOUTH 18TH AVENUEMARSHALLTOWNIA50158420923311501(C)(3)$8,000N/AN/AGENERAL SUPPORT
POWESHIEK COUNTY
302 E MAIN ST PO BOX 57MONTEZUMAIA50171426004976GOV$7,500N/AN/AGENERAL SUPPORT
THE COLLECTIVE
2234 LAMAR AVENUEMEMPHISTN38114320460234501(C)(3)$25,000N/AN/AGENERAL SUPPORT
TIDES FOUNDATION
1014 TORNEY AVESAN FRANCISCOCA94129510198509501(C)(3)$50,000N/AN/AGENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org7Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIPS1272$41,764,539$0N/AN/A
PRIZES76$69,741$0N/AN/A
FELLOWSHIPS1215$1,212,036$0N/AN/A
INTERSHIPS42$133,746$0N/AN/A
AWARDS3$60,000$0N/AN/A
LOAN PAYMENT1$6,117$0N/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)
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 Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
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 Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 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$505,096$0$256,325$0$35,755$0$28,500$0$32,871$0$858,547$0$0$0
ANNE HARRIS
PRESIDENT$390,791$0$0$0$9,234$0$28,500$0$38,004$0$466,529$0$0$0
RAYNARD S KINGTON
FORMER PRESIDENT$304,488$0$0$0$45,325$0$38,250$0$52,213$0$440,276$0$0$0
JACI THIEDE
VP DEVELOPMENT & ALUMNI RELATIONS$323,957$0$0$0$6,546$0$28,500$0$14,165$0$373,168$0$0$0
PAIGE L CARLSON
ASSOCIATE DIRECTOR OF INVESTMENTS$217,296$0$98,327$0$449$0$28,500$0$27,041$0$371,613$0$0$0
JOSEPH P BAGNOLI
VP ENROLLMENT$232,116$0$0$0$1,325$0$23,682$0$70,183$0$327,306$0$0$0
KEITH ARCHER
VP FINANCE AND TREASURER$251,423$0$0$0$2,209$0$25,625$0$21,671$0$300,928$0$0$0
DAVID E LOPATTO
PSYCHOLOGY PROF/DIR-CTR FOR TEACHING$185,146$0$0$0$3,597$0$19,057$0$49,147$0$256,947$0$0$0
HENRY W MOYER
PROFESSOR OF POLITICAL SCIENCE$218,126$0$0$0$2,868$0$22,027$0$11,375$0$254,396$0$0$0
ANGELA VOOS
VP STRAT. INITIATIVES/CHIEF OF STAFF$221,803$0$0$0$1,956$0$22,336$0$5,117$0$251,212$0$0$0
DAVID G CAMPBELL
PROFESSOR OF BIOLOGY$201,999$0$0$0$3,708$0$20,848$0$22,350$0$248,905$0$0$0
DAVID R ROBINSON
CHIEF INFORMATION OFFICER$199,490$0$0$0$560$0$20,500$0$25,331$0$245,881$0$0$0
JOHN W KALKBRENNER
AVP FOR AUXILLARY SERVICES$195,387$0$0$0$1,300$0$20,129$0$25,516$0$242,332$0$0$0
DEBRA LUKEHART
VP COMMUNICATIONS$193,196$0$0$0$1,173$0$20,060$0$27,011$0$241,440$0$0$0
NANCY L COMBS
CONTROLLER & ASSISTANT TREASURER$174,207$0$0$0$1,087$0$17,941$0$29,544$0$222,779$0$0$0
JAMES SWARTZ
PROFESSOR OF CHEMISTY$177,040$0$0$0$3,449$0$18,163$0$20,950$0$219,602$0$0$0
ELAINE M MARZLUFF
INTERIM DEAN OF THE COLLEGE$182,362$0$0$0$580$0$18,430$0$11,004$0$212,376$0$0$0
SARAH MOSCHENROSS
VP STUDENT AFFAIRS$154,679$0$0$0$4,768$0$16,500$0$29,488$0$205,435$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE PRESIDENT IS REQUIRED TO LIVE IN COLLEGE OWNED HOUSING. THE COLLEGE EMPLOYS A HOUSEKEEPER FOR THIS HOUSING. THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO IRC SECTION 119 AS IT IS A CONDITION OF THE PRESIDENT'S EMPLOYMENT AT THE COLLEGE.ExplanationTxt

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 ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmt
A$60,381,280$13,196$366,752$60,001,33220140Yes (1)Yes (1)Yes (1)
B$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)
B00000.000000.000000.0000000Yes (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
A000Yes (1)0000Yes (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: 10/31/2019 ISSUER 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 AssistanceTypeOfAssistanceTxt
$162,383SCHOLARSHIPS & GRANTS
$7,300FELLOWSHIP
$650PRIZES

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
JOHN ROMMEREIM
FAMILY MEMBER OF ANGELA VOOS, VP OF STRATEGIC PLANNING & CHIEF OF STAFF$181,209WAGES & BENEFITS0
JULIE BAUMANN
FAMILY MEMBER OF JOE BAGNOLI, VP OF ENROLLMENT$104,572WAGES & BENEFITS0
GEORGEANNA ROBINSON
FAMILY MEMBER OF DAVID ROBINSON, CHIEF INFORMATION OFFICER$54,211WAGES & BENEFITS0
CHRISTOPHER BAIR
FAMILY MEMBER OF MEG JONES BAIR, SECRETARY$75,185WAGES & BENEFITS0
MICHAEL MACKENZIE
FAMILY MEMBER OF ANNE HARRIS, PRESIDENT$60,743WAGES & BENEFITS0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution5ContributionCnt
Noncash Contributions Rpt F990$42,047NoncashContributionsRptF990Amt
Method Of Determining RevenuesINSURED VALUEDMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution32ContributionCnt
Noncash Contributions Rpt F990$507,522NoncashContributionsRptF990Amt
Method Of Determining RevenuesNYSE AVERAGE HIGH/LOWMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescATHLETIC EQUIPMENTDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$2,400NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
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 COLLEGE FILED 305 1099 FORMS AND 1,664 1098-T FORMS FOR A TOTAL OF 1,969.
FORM 990, PART VI, SECTION A, LINE 1THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD WILL 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 BOARD CHAIR MAY, AFTER CONSULTATION WITH THE EXECUTIVE COMMITTEE, APPOINT CHAIRS OF AD HOC COMMITTEES TO SERVE ON THE EXECUTIVE COMMITTEE FOR THE DURATION OF THEIR COMMITTEE CHARTER. THE BOARD CHAIR SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE THE FOLLOWING: 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 AMEND, ALTER, OR REPEAL THE BYLAWS, AMEND THE ARTICLES OF INCORPORATION, APPROVE THE DISSOLUTION OR MERGER OF THE COLLEGE, 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 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. 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 INTERIM TREASURER PRIOR TO THE MAY 2022 TRUSTEE MEETING. THE PUBLIC INSPECTION COPY OF 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 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 VICE PRESIDENT FOR ENROLLMENT, ASSOCIATE VICE PRESIDENT FOR ANALYTICS & INSTITUTIONAL RESEARCH, FINKELMAN DEAN, CHIEF DIVERSITY OFFICER & VP OF 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, 2021.
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 -1,850,800. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,221. CHANGE IN ACCUMULATED POST RETIREMENT BENEFITS -1,175,449.

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 Line1TRUSTEES 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 GASILTRUSTEES OF GRINNELL COLLEGEC$14,096$22,8281.00000Yes (1)
CHARITABLE REMAINDER UNITRUSTS (2)
TRUSTCATRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (19)
TRUSTIATRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTILTRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTAZTRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTCOTRUSTEES OF GRINNELL COLLEGET0
POOLED INCOME FUND (1)
TRUSTIATRUSTEES OF GRINNELL COLLEGET0
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTMDTRUSTEES 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$9,788,481CASH TRANSFERRED
NIELSEN LIFE ESTATE
R$498,271CASH TRANSFERRED
MARILYN JANE HAMPTON CHARITABLE REMAINDER UNITRUST FUND
S$426,409CASH TRANSFERRED

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