2022-05-16T12:27:49-05:00 2021-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2020-07-01 314379507 KENYON COLLEGE KENY 7404275181 EATON CENTER GAMBIER OH 43022 SEAN M DECATUR PRESIDENT 7404275181 2022-05-09 1 SEAN DECATUR 999009999 CHRISTOPHER B ANDERSON P00226559 2163630100 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SEAN M DECATUR EATON CENTER GAMBIER OH 43022 290516859 0 X WWW.KENYON.EDU X 1824 OH KENYON COLLEGE IS A PRIVATE LIBERAL ARTS EDUCATIONAL INSTITUTION WITH APPROXIMATELY 1,700 STUDENTS AND 200 PROFESSORS. THE COLLEGE HAS 18 DEPARTMENTS AND 13 INTERDISCIPLINARY PROGRAMS. 41 40 1792 681 -2061677 0 29570889 24946883 122347602 100767553 7624508 31363019 2926291 1944577 162469290 159022032 41417196 40860532 0 0 63878472 61381909 0 0 4117221 47541842 48132675 152837510 150375116 9631780 8646916 912598629 1026131356 302340360 298485853 610258269 727645503 SEE SCHEDULE O 0 0 132179561 40860532 102839930 THE COLLEGE OFFERS 26 MAJORS LEADING TO A BACHELOR'S DEGREE WITH A STUDENT-TO-FACULTY RATIO OF 10 TO 1. IN ADDITION, THE COLLEGE OFFERS 10 CONCENTRATIONS; PRE-PROFESSIONAL ADVISING FOR GRADUATE OR PROFESSIONAL SCHOOL IN BUSINESS, EDUCATION, ENGINEERING, LAW, AND MEDICINE; AND A NUMBER OF COOPERATIVE PROGRAMS INVOLVING OTHER INSTITUTIONS. STUDENT LIFE IS ACTIVE AND MULTIFACETED INCLUDING INTERCOLLEGIATE AND INTRAMURAL ATHLETICS, PERFORMING ARTS GROUPS, SORORITIES AND FRATERNITIES, AND EDUCATIONAL OPPORTUNITIES IN SEVERAL FOREIGN COUNTRIES. THE COLLEGE'S ON-CAMPUS ENROLLMENT IS APPROXIMATELY 1,700 STUDENTS. 132179561 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 361 0 1 1792 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X SHIRLEY O'BRIEN 7404275181 EATON CENTER GAMBIER OH 43022 BRACKETT B DENNISTON CHAIR 1.00 0.00 X 0 0 0 JOSEPH E LIPSCOMB VICE CHAIR 1.00 0.00 X 0 0 0 JUDITH GILBERT SECRETARY 1.00 0.00 X 0 0 0 JOHN W ADAMS TRUSTEE 1.00 0.00 X 0 0 0 RACHEL R BERGER TRUSTEE 1.00 0.00 X 0 0 0 SUSAN BERGER TRUSTEE 1.00 0.00 X 0 0 0 THE RT REV THOMAS EDWARD BREIDENTHA TRUSTEE 1.00 0.00 X 0 0 0 JOE COHEN TRUSTEE 1.00 0.00 X 0 0 0 DIANE ELAM TRUSTEE 1.00 0.00 X 0 0 0 ANNIE HANNA ENGEL TRUSTEE 1.00 0.00 X 0 0 0 SAMIE KIM FALVEY TRUSTEE 1.00 0.00 X 0 0 0 ROSE BRINTLINGER FEALY TRUSTEE 1.00 0.00 X 0 0 0 JAMES P FINN TRUSTEE 1.00 0.00 X 0 0 0 NINA P FREEDMAN TRUSTEE 1.00 0.00 X 0 0 0 R TODD GIARDINELLI TRUSTEE 1.00 0.00 X 0 0 0 PAUL J GOLDBERGER TRUSTEE 1.00 0.00 X 0 0 0 HOPE C HARROD TRUSTEE 1.00 0.00 X 0 0 0 AILEEN C HEFFERREN TRUSTEE 1.00 0.00 X 0 0 0 PAMELA FEITLER HOEHN-SARIC TRUSTEE 1.00 0.00 X 0 0 0 THE RT REV MARK HOLLINGSWORTH JR TRUSTEE 1.00 0.00 X 0 0 0 DAVID W HORVITZ TRUSTEE 1.00 0.00 X 0 0 0 RICHARD HOSKINS TRUSTEE 1.00 0.00 X 0 0 0 LARRY H JAMES TRUSTEE 1.00 0.00 X 0 0 0 AASEM G KHALIL TRUSTEE 1.00 0.00 X 0 0 0 VICTORIA SMITH MCKENZIE TRUSTEE 1.00 0.00 X 0 0 0 LIZ MYERS TRUSTEE 1.00 0.00 X 0 0 0 JAMES F PARKER TRUSTEE 1.00 0.00 X 0 0 0 SONYA M PRYOR-JONES TRUSTEE 1.00 0.00 X 0 0 0 MARK C ROSENTHAL TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH RATNER SALZBERG TRUSTEE 1.00 0.00 X 0 0 0 LARAE SCHRAEDER TRUSTEE 1.00 0.00 X 0 0 0 BETH SHUMAN TRUSTEE 1.00 0.00 X 0 0 0 L'QUENTUS THOMAS TRUSTEE 1.00 0.00 X 0 0 0 BARRETT TOAN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN TOMASKY TRUSTEE 1.00 0.00 X 0 0 0 D MATTHEW VOORHEES TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER RUDOLPH WALSH TRUSTEE 1.00 0.00 X 0 0 0 ZALI WIN TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW A WINKLER TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDER W WRIGHT TRUSTEE 1.00 0.00 X 0 0 0 SEAN M DECATUR PRESIDENT & TRUSTEE 40.00 1.00 X X 678187 0 116937 COLLEEN M GARLAND VP FOR ADVANCEMENT 40.00 X 281552 0 15725 JEFFREY A BOWMAN PROVOST 40.00 X 164892 0 18268 TODD E BURSON VP FOR FINANCE 40.00 X 182895 0 39988 SHIRLEY F O'BRIEN CONTROLLER 40.00 X 131635 0 8540 KATHRYN LAKE DIRBRDREL&PRES 40.00 X 68290 0 15473 IAN M SMITH VP-FACIL.,PLAN.&SUSTAIN. 40.00 X 140389 0 16213 RONALD GRIGGS VP FOR LBIS 40.00 X 166949 0 42144 DIANE ANCI VP ENROLL/DEAN ADM&FINAID 40.00 X 218230 0 47133 MEREDITH BONHAM VP FOR STUDENT AFFAIRS 40.00 X 174338 0 37376 JANET MARSDEN VP FOR COMMUNICATIONS 40.00 X 158296 0 9177 JOSEPH L KLESNER PROFESSOR 40.00 X 209310 0 37297 DAVID H LYNN SPECIAL ASST.TO PRES./PROFESSOR 40.00 X 197323 0 11450 RIC S SHEFFIELD PROFESSOR 40.00 X 158626 0 33356 THEODORE MASON ASSOC.PROVOST-DIVERS.,EQUITY&INCL. 40.00 X 150756 0 35311 SHARON WILLIAMS ASSOC. VP FOR DEVELOPMENT 40.00 X 174040 0 9969 3255708 0 494357 98 0 1 0 SMOOT CONSTRUCTION CO OF OHIO 1907 LEONARD AVENUE COLUMBUS OH 43219 CONSTRUCTION 29012201 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICE 3654806 GUND PARTNERSHIP 47 THORNDIKE STREET CAMBRIDGE MA 02141 ARCHITECTURE&PLANNING 2423133 EVERLY WELL INC 823 CONGRESS AVE STE 1200 AUSTIN TX 78701 MEDICAL TESTING 986091 SUPAJ INC 150 HOWARD ST MOUNT VERNON OH 43050 HOUSING 600000 27 5412716 19534167 3535441 24946883 TUITION AND FEES 900099 86565951 86565951 AUXILIARY ENTERPRISES 900099 13608704 13608704 BOOKSTORE 451211 592898 592898 100767553 4990111 -1933877 6923988 122950 -122950 -122950 -122950 157744785 131359628 12249 26385157 -12249 26372908 26372908 CONFERENCES & SEMINARS 721110 292633 297483 -4850 LAUNDRY/VENDING 812300 39086 39086 FINES 900099 38580 38580 1697228 1697228 2067527 159022032 102839930 -2061677 33296896 39968167 39968167 892365 892365 2108315 263650 1452564 392101 44125783 38871470 2826118 2428195 3768208 3290539 257139 220530 8041431 6625088 945248 471095 3338172 2719216 436930 182026 1616018 926792 689226 158471 158471 1622363 1622363 2348332 1621612 695067 31653 2008263 239691 1768572 1581454 375541 1205913 3920627 3762034 148592 10001 912651 699351 205311 7989 8298221 7865849 432372 11960729 11322501 539733 98495 313476 151687 161789 FOOD SERVICE 4480849 4480849 STUDENTS SVCS.SUPPLIES& 2368854 2368854 PRINTING 945425 754572 125648 65205 INSTRUCTIONAL SUPPORT 904422 903208 1200 14 4692520 4076525 406078 209917 150375116 132179561 14078334 4117221 81099610 54120464 28425817 25319561 3160756 5751633 967997 867291 430329960 182664886 254346679 247665074 103866681 78748690 365686522 492408195 4661265 4139687 70383302 117110761 912598629 1026131356 12168370 13394018 268676681 266558305 21495309 18533530 302340360 298485853 X 351471643 404798433 258786626 322847070 610258269 727645503 912598629 1026131356 X 8646916 108246078 494240 X 0 1 X 1 1 1 X 40140292 90667709 18168627 29570889 24946883 203494400 40140292 90667709 18168627 29570889 24946883 203494400 48657789 154836611 5868679 6071451 7494443 6465912 4990111 30890596 234384996 588254905 0.66060 0.65770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 409156876 11929411 133046285 5512554 17034105 531585913 412252003 19443417 -55731 5468683 17014130 409156876 405108546 12908564 17837711 5200761 18402057 412252003 231515999 163788088 20275335 5053049 5417827 405108546 201728914 17558391 22948510 4662283 6057533 231515999 0.48252 0.37227 0.14521 0 0 2498515 2498515 355485357 133921520 221563837 43386425 31293246 12093179 28959663 17450120 11509543 247665074 HEDGE & ALTERN. EQUITY FUNDS 299741865 F PRIVATE EQUITY FUNDS 95928504 F REAL ESTATE FUNDS 21187863 F COMMODITIES FUNDS 28153205 F FIXED INCOME ALTERNATIVE FUNDS 47396758 F 492408195 CONSTRUCTION IN PROGRESS 109197059 INTEREST IN CHAR.TRUSTS 3389565 OTHER ASSETS 4524137 117110761 FAIR VALUE OF INT.RATE SWAPS 2044782 DEPOSITS AND ADVANCES 2898220 LIAB.FOR POST-RETIREMENT BEN. 6590444 ANNUITIES AND OTHER FUNDS PAYABLE 6528691 GOVERNMENT LOAN FUNDS 471393 18533530 X 238939818 108246078 13141982 121388060 117551758 1622363 39847911 41470274 159022032 115026412 6121570 6121570 108904842 1622363 39847911 41470274 150375116 PART III, LINE 1A: FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION: COLLECTION AND WORKS OF ART - COLLECTIONS ARE NOT CAPITALIZED UNDER THE PROVISIONS OF ASC 958-605, REVENUE RECOGNITION - CONTRIBUTIONS RECEIVED. ALL WORKS OF ART AND COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED; AND ARE SUBJECT TO POLICIES GOVERNING THEIR USE. PRIOR TO ASC 958-605 ADOPTION, THE COLLEGE DID CAPITALIZE WORKS OF ART AND COLLECTIONS. AT JUNE 30, 2021 AND 2020, THE NET BOOK VALUE OF THESE ITEMS IS $1,862,696 AND IS REFLECTED IN THE EQUIPMENT SECTION OF THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART III, LINE 4: DESCRIPTION OF ART COLLECTION - THE MAJORITY OF THE COLLEGE'S COLLECTION ("COLLEGE COLLECTION") OF ART AND ARTIFACTS IS CARED FOR BY THE GRAHAM GUND GALLERY, A SECTION 501(C)(3) SUBSIDIARY OF WHICH THE COLLEGE IS THE SOLE MEMBER. THE GRAHAM GUND GALLERY AND ITS GALLERY COLLECTION PRIORITIZES 20TH - 21ST CENTURY ART IN ITS EXHIBITIONS AND COLLECTING PROGRAM. THE COLLEGE'S COLLECTION OF PRE-20TH CENTURY, ETHNOGRAPHIC, TEACHING AND OTHER COLLECTION OBJECTS ARE MANAGED BY THE GRAHAM GUND GALLERY'S PROFESSIONAL STAFF AND HOUSED IN ITS FACILITY. SOME COLLEGE COLLECTION OBJECTS ARE INSTALLED AND ON VIEW IN COLLEGE BUILDINGS. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - FOR THE COLLEGE'S ENDOWMENT FUNDS, THE INVESTMENT OBJECTIVE IS TO ACHIEVE SUPERIOR LONG-TERM TOTAL RETURNS SUCH THAT THE REQUIREMENTS OF THE ANNUAL BUDGET ARE MET WHILE ALLOWING FOR SIGNIFICANT GROWTH, ALL WITHIN THE CONFINES OF REASONABLE RISK. EXPENDITURES FROM THE ENDOWMENT FUND ARE USED EXCLUSIVELY TO FURTHER THE EXEMPT EDUCATIONAL PURPOSES OF THE COLLEGE. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - FEDERAL INCOME TAXES: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE, THE KENYON REVIEW, THE GUND GALLERY, THE KOKOSING NATURE PRESERVE, AND THE PHILANDER CHASE CONSERVANCY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS PUBLIC CHARITIES DESCRIBED IN SECTION 501(C)(3); ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE KENYON INN MANAGEMENT COMPANY IS SUBJECT TO FEDERAL INCOME TAXES, WHICH FOR JUNE 30, 2021 AND 2020 WERE NOT SIGNIFICANT TO THESE CONSOLIDATED FINANCIAL STATEMENTS. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2021. THE INCOME TAX RETURNS FOR ALL ENTITIES REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD, WHICH WAS NETTED WITH REVENUE ON LINE 2D OF PART VIII OF FORM 990 BUT SHOWN AS AN EXPENSE ON FINANCIAL STATEMENTS 948,192. CHANGE IN INTEREST RATE SWAP OBLIGATION 494,240. ADJUSTMENT FOR REVENUE OF RELATED ORGANIZATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 11,699,550. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE, WHICH WAS NETTED WITH TUITION INCOME ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990 39,847,911. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD, WHICH WAS NETTED WITH REVENUE ON LINE 2D OF PART VIII OF FORM 990 BUT SHOWN AS AN EXPENSE ON FINANCIAL STATEMENTS 948,192. ADJUSTMENT FOR EXPENSES OF RELATED ORGANIZATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 5,173,378. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE, WHICH WAS NETTED WITH TUITION INCOME ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990 39,847,911. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL APPLICATIONS, COURSE CATALOGS, AND THE STUDENT HANDBOOK PUBLICIZE OUR NONDISCRIMINATORY POLICY. THE PUBLICATIONS ARE PROVIDED TO ALL PROSPECTIVE AND ENROLLED STUDENTS. SCHEDULE E, PART I, LINE 6 GOVERNMENT FINANCIAL AID - KENYON COLLEGE RECEIVES STUDENT FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. THE ASSISTANCE CONSISTS OF THE FOLLOWING FEDERAL PROGRAMS: NATIONAL DIRECT STUDENT LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND COLLEGE WORK STUDY PROGRAMS. THE COLLEGE ALSO RECEIVES SOME RESEARCH GRANTS AND EQUIPMENT GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 164457842 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 322033 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OTHER 1066 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES OTHER 2171 SOUTH ASIA 0 0 PROGRAM SERVICES OTHER 347 0 0 0 0 0 0 164783459 0 164783459 EDUCATION ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 1 29283 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE EAST ASIA AND THE PACIFIC 7 200377 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 8 230173 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE MIDDLE EAST AND NORTH AFRICA 1 16911 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE NORTH AMERICA 1 7500 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE SOUTH AMERICA 1 28398 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE SOUTH ASIA 7 215009 CREDIT TO ACCOUNT 0 EDUCATION ASSISTANCE SUB-SAHARAN AFRICA 3 164714 CREDIT TO ACCOUNT 0 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 PRIZES TO STUDENTS 108 64387 0 TUITION REMISSION 25 1313280 0 SCHOLARSHIPS 1240 37861700 0 RESEARCH FELLOWSHIPS 113 529000 0 LEGAL FELLOWSHIPS 13 60655 0 EDUCATIONAL ENRICHMENT 28 79604 0 S-STEM SCHOLARSHIPS 14 35541 0 DALTON FELLOWSHIPS 2 24000 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - SCHOLARSHIPS, FELLOWSHIPS, AND OTHER EDUCATIONAL PROGRAM GRANTS ARE MONITORED THROUGH THE COLLEGE'S FINANCIAL AID COMPLIANCE PROCEDURES. PRIZES TO STUDENTS ARE AWARDED FOR ACADEMIC MERIT. X X X X 1 1 X X 0 1 0 0 0 0 0 0 0 SEAN M DECATUR PRESIDENT & TRUSTEE 371323 0 100000 0 206864 0 85724 0 31213 0 795124 0 200000 0 COLLEEN M GARLAND VP FOR ADVANCEMENT 281552 0 0 0 0 0 13323 0 2402 0 297277 0 0 0 DIANE ANCI VP ENROLL/DEAN ADM&FINAID 218230 0 0 0 0 0 10935 0 36198 0 265363 0 0 0 JOSEPH L KLESNER PROFESSOR 209310 0 0 0 0 0 10348 0 26949 0 246607 0 0 0 TODD E BURSON VP FOR FINANCE 182895 0 0 0 0 0 9170 0 30818 0 222883 0 0 0 MEREDITH BONHAM VP FOR STUDENT AFFAIRS 174338 0 0 0 0 0 8666 0 28710 0 211714 0 0 0 RONALD GRIGGS VP FOR LBIS 166949 0 0 0 0 0 8410 0 33734 0 209093 0 0 0 DAVID H LYNN SPECIAL ASST.TO PRES./PROFESSOR 197323 0 0 0 0 0 9392 0 2058 0 208773 0 0 0 RIC S SHEFFIELD PROFESSOR 158626 0 0 0 0 0 6785 0 26571 0 191982 0 0 0 THEODORE MASON ASSOC.PROVOST-DIVERS.,EQUITY&INCL. 150756 0 0 0 0 0 7605 0 27706 0 186067 0 0 0 SHARON WILLIAMS ASSOC. VP FOR DEVELOPMENT 174040 0 0 0 0 0 8236 0 1733 0 184009 0 0 0 JEFFREY A BOWMAN PROVOST 164892 0 0 0 0 0 5600 0 12668 0 183160 0 0 0 JANET MARSDEN VP FOR COMMUNICATIONS 158296 0 0 0 0 0 7510 0 1667 0 167473 0 0 0 IAN M SMITH VP-FACIL.,PLAN.&SUSTAIN. 140389 0 0 0 0 0 6135 0 10078 0 156602 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO OFFICERS - THE COLLEGE PROVIDED THE FOLLOWING BENEFITS TO ITS PRESIDENT, SEAN DECATUR: PAYMENT OF MEMBERSHIP DUES FOR THE UNION CLUB AND THE MOUNT VERNON COUNTRY CLUB; RESIDENCE ON CAMPUS FOR PERSONAL USE AS WELL AS JOB-RELATED ACTIVITIES; MAID SERVICE FOR THE PRESIDENT'S ON-CAMPUS HOME; AND A DISCRETIONARY SPENDING ACCOUNT TO FURTHER THE COLLEGE'S MISSION. THE COLLEGE DID NOT TREAT THE VALUE OF THE REMAINING BENEFITS AS TAXABLE INCOME FOR THE PRESIDENT AS EXPENSES WERE INCURRED FOR COLLEGE-RELATED PURPOSES. THE PRESIDENT'S HOME IS SUBSTANTIALLY USED FOR COLLEGE PURPOSES SINCE THE PRESIDENT HOSTS MANY FUNCTIONS AT THE RESIDENCE. ADDITIONALLY, THE CLUB MEMBERSHIPS ARE HELD IN THE NAMES OF THE PRESIDENT AND THE COLLEGE, AND THE COLLEGE OCCASIONALLY USES THE CLUBS FOR EVENTS AND MEETINGS. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - EMPLOYER CONTRIBUTION TO SECTION 457(F) PLAN FOR SEAN DECATUR: $67,000. PART II, COLUMN F - ADDITIONAL INFORMATION ABOUT COMPENSATION: THE AMOUNT IN COLUMN B(III) FOR SEAN DECATUR OF $206,864 REPRESENTS A DISTRIBUTION FROM A SECTION 457(F) PLAN THAT WAS COMPRISED OF $200,000 OF CONTRIBUTIONS AND $6,864 OF EARNINGS. AN ANNUAL CONTRIBUTION OF $50,000 WAS MADE TO THE PLAN EACH YEAR FOR THE YEARS ENDED JUNE 30, 2017, 2018, 2019, AND 2020, AND EACH CONTRIBUTION WAS REPORTED AS DEFERRED COMPENSATION ON FORM 990 FOR EACH YEAR. BECAUSE THE CONTRIBUTIONS WERE REPORTED ON PRIOR YEARS' FORMS 990, WE HAVE SHOWN $200,000 IN COLUMN F OF PART II. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DBF2 2013-07-24 44637452 SEE PART VI 0 0 0 B OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DFW1 2015-05-28 40683466 SEE PART VI 0 0 0 C OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DJG2 2016-11-29 5136619 SEE PART VI 0 0 0 D OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DJG2 2016-11-29 51393477 SEE PART VI 0 0 0 A 44637452 484435 44153017 2013 0 1 1 1 B 40683466 165100 40518366 2015 0 1 1 1 C 5136619 54874 5081745 1 0 0 1 D 53281110 524160 52756950 0 1 0 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 C 0 1 1 1 0 0 0 1 D 0 1 1 1 0 0.00100 0.02300 0.02400 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2018 ISSUER NAME: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 06/17/2020 DESCRIPTION OF PURPOSE - PART I, ROW A, COLUMN F: THE ISSUE WAS ISSUED TO ADVANCE REFUND THE FOLLOWING BOND ISSUE: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION, STATE OF OHIO HIGHER EDUCATIONAL FACILITY ADJUSTABLE MEDIUM TERM REVENUE BONDS (KENYON COLLEGE 2002 PROJECT), ISSUED ON DECEMBER 10, 2002. DESCRIPTION OF PURPOSE - PART I, ROW B, COLUMN F: THE ISSUE WAS ISSUED TO ADVANCE REFUND THE NEW MONEY PORTION OF THE FOLLOWING BOND ISSUE: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION, STATE OF OHIO HIGHER EDUCATIONAL FACILITY REVENUE BONDS (KENYON COLLEGE 2006 PROJECT), ISSUED ON AUGUST 9, 2006. DESCRIPTION OF PURPOSE - PART I, ROW C, COLUMN F: THE ISSUE WAS ISSUED TO CURRENT REFUND THE FOLLOWING BOND ISSUE: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION, STATE OF OHIO HIGHER EDUCATIONAL FACILITY REVENUE BONDS (KENYON COLLEGE 2006 PROJECT), ISSUED ON AUGUST 9, 2006. DESCRIPTION OF PURPOSE - PART I, ROW D, COLUMN F FOR THE 2ND 2016 BOND: THE ISSUE WAS ISSUED TO PARTIALLY ADVANCE REFUND OHIO HIGHER EDUCATIONAL FACILITY COMMISSION, STATE OF OHIO HIGHER EDUCATIONAL FACILITY REVENUE BOND (KENYON COLLEGE 2010 PROJECT), ISSUED ON FEBRUARY 11, 2010. DESCRIPTION OF PURPOSE - PART I, ROW A, COLUMN F FOR THE 2017 BOND: THE ISSUE WAS ISSUED TO PROVIDE FUNDS TO PAY PROJECT COSTS FOR EDUCATIONAL FACILITIES (KENYON COLLEGE 2017 PROJECT), ISSUED DECEMBER 14, 2017. DESCRIPTION OF PURPOSE - PART I, ROW B, COLUMN F FOR THE 2020 BOND: THE ISSUE WAS ISSUED TO REFUND THE REMAINING OHIO HIGHER EDUCATIONAL FACILITY COMMISSION, STATE OF OHIO HIGHER EDUCATIONAL FACILITY REVENUE BOND (KENYON COLLEGE 2010 PROJECT) ISSUED FEBRUARY 11, 2010. ADDITIONAL INFORMATION ABOUT PROCEEDS - PART II, LINE 3: FOR THE 2016, 2017, AND 2020 BONDS, THE AMOUNT OF TOTAL PROCEEDS SHOWN ON PART II, LINE 3 INCLUDES INVESTMENT EARNINGS. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DPD2 2017-12-14 75669523 SEE PART VI 0 0 0 B OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DUN4 2020-04-02 58982175 SEE PART VI 0 0 0 A 3465000 78292513 669523 59543916 18079074 0 0 0 1 B 59206824 806068 58400756 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 JEANNE GRIGGS SPOUSE OF KEY EMPL. 31109 SALARY 0 X 2 2 NOM.VALUE X 126 1356286 STOCK QUOTE X 1 2066206 FMV X DIGITAL CURRENCY 2 112943 LIQUIDATION VALUE X THERMAL CYCLERS 2 1 OTHER-NOMINAL VALUE X COMM.TORAH TABLE 1 1 OTHER-NOMINAL VALUE X COMM.WOVEN RUGS 1 1 OTHER-NOMINAL VALUE X ANTIQUE CLOCKS 1 1 OTHER-NOMINAL VALUE 2 0 1 1 PART I, LINE 32B: USE OF THIRD PARTIES - THE COLLEGE USES A SECURITIES BROKER TO SELL CERTAIN DONATED SECURITIES. THE BROKER'S FEES ARE AT OR BELOW FAIR MARKET VALUE FOR ITS SERVICES. PART I, LINE 33: REVENUE NOT REPORTED FOR CERTAIN CONTRIBUTIONS - THE COLLEGE DOES NOT BOOK REVENUE (OR ASSIGNS A NOMINAL VALUE OF $1) FOR GIFTS OF ART, BOOKS, MUSIC EQUIPMENT, AND CERTAIN OTHER ASSETS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERMIT THE COLLEGE TO NOT RECOGNIZE REVENUE FOR ART. THE MUSIC EQUIPMENT AND CERTAIN OTHER ASSETS THAT HAVE BEEN DONATED HAVE A SMALL VALUE AND THEREFORE ARE RECORDED AT $1 FOR TRACKING PURPOSES. PART III, LINE 1 - ORGANIZATION'S MISSION: OUR MISSION: AT KENYON, WE BUILD STRONG FOUNDATIONS FOR LIVES OF PURPOSE AND CONSEQUENCE. WE HARNESS THE TRANSFORMATIVE POWER OF A LIBERAL ARTS EDUCATION ENGAGING IN SPIRITED, INFORMED, AND COLLABORATIVE INQUIRY TO FORM A DEEPER, MORE NUANCED UNDERSTANDING OF THE WORLD AND ALL WHO INHABIT IT. OUR VALUES: INTELLECTUAL EMPOWERMENT AND CREATIVITY: WE CULTIVATE INTELLECTUAL COURAGE AND HUMILITY IN EQUAL MEASURE. WE CONFRONT ENDURING AND EMERGING QUESTIONS WITH HONESTY AND IMAGINATION. IN THE TRADITION OF THE LIBERAL ARTS, WE SEEK GREATER SELF-AWARENESS AND EQUIP OURSELVES TO LEARN FOR A LIFETIME. EMBRACING DIFFERENCES: WE COMMIT TO ENGAGING A WIDE RANGE OF VIEWPOINTS, DEVELOPING COMPASSIONATE THINKERS WHO VALUE AND EMBRACE DIVERSE CULTURES AND IDENTITIES. WE BELIEVE EQUITABLE ACCESS TO OPPORTUNITY IS ESSENTIAL TO FOSTERING A COMMUNITY IN WHICH EVERY PERSON HAS A SENSE OF FULL BELONGING AND THE TOOLS TO REACH THEIR FULL POTENTIAL. KINDNESS, RESPECT, AND INTEGRITY: WE TREAT ONE ANOTHER WITH RESPECT AND KINDNESS, SPEAKING WITH SINCERITY AND ACTING WITH INTEGRITY, FOR WE RECOGNIZE THE FUNDAMENTAL DIGNITY OF ALL. THIS UNIFIES US ACROSS OUR BACKGROUNDS, IDENTITIES, AND POSITIONS. PRACTICING THESE CHALLENGING IDEALS CONNECTS US TO THE BEST PARTS OF WHAT MAKES US HUMAN. WE SUPPORT A CULTURE IN WHICH WE CONTRIBUTE TO THE WELL-BEING OF OTHERS WHILE WE ALSO CARE FOR OURSELVES. ENDURING CONNECTIONS TO PEOPLE AND PLACE: OUR RESIDENTIAL ENVIRONMENT PROMOTES RICH COLLABORATIONS AND LIFELONG CONNECTIONS. WE FORM A CLOSE-KNIT AND LASTING COMMUNITY WITH STRONG TIES TO THE VILLAGE, COUNTY, NATION, AND WORLD. OUR NATURAL SETTING SHAPES THE WAY WE LEARN AND LIVE, AND WE RECOGNIZE OUR VITAL ROLE IN STEWARDING THE ENVIRONMENT. PART III, LINE 4 - EFFECTS OF PANDEMIC ON OPERATIONS: ON JANUARY 30, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF THE CORONAVIRUS DISEASE 2019 (COVID-19) A GLOBAL HEALTH EMERGENCY AND SUBSEQUENTLY DECLARED THE COVID-19 OUTBREAK A GLOBAL PANDEMIC IN MARCH, 2020. THE PANDEMIC HAS ADVERSELY AFFECTED DOMESTIC AND GLOBAL ECONOMIC ACTIVITY AND THE FULL IMPACT CONTINUES TO EVOLVE. THE COLLEGE MADE A NUMBER OF BUDGET ADJUSTMENTS IN THE 2020-21 FISCAL YEAR THAT IT BELIEVES SHOULD HELP THE COLLEGE NAVIGATE THROUGH THE REST OF THE 2020-21 FISCAL YEAR WITHOUT ANY MAJOR DISRUPTION TO THE ACADEMIC PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - THE BOARD HAS DELEGATED THE REVIEW AND APPROVAL OF FORM 990 TO THE AUDIT SUBCOMMITTEE OF THE BUDGET, FINANCE, AND AUDIT COMMITTEE. THE REVIEW IS CONDUCTED WITH THE ASSISTANCE OF THE OUTSIDE PUBLIC ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY - THE COLLEGE HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE, THE BOARD HAS DELEGATED THE AUTHORITY AND RESPONSIBILITY FOR REVIEWING THAT SCHEDULE TO THE CHAIR OF THE BOARD AND THE CHAIR OF THE AUDIT SUBCOMMITTEE ON BEHALF OF THE FULL BOARD. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE COLLEGE'S CONFLICT POLICY IS DISTRIBUTED AT THE FALL MEETING OF THE BOARD OF TRUSTEES. ANNUALLY, OFFICERS AND TRUSTEES ARE ASKED TO DISCLOSE CONFLICTS, AND THESE DISCLOSURES ARE MONITORED. IF A CONFLICT ARISES, THE PERSON IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE PROPOSED TRANSACTION. PEOPLE WHO ARE INDEPENDENT OF THE INDIVIDUAL MAKE THE DECISION ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION - COMPARABILITY SALARY STUDIES FROM PEER INSTITUTIONS ARE PERFORMED FOR THE COLLEGE'S PRESIDENT AND FOR MEMBERS OF SENIOR STAFF. RECOMMENDATIONS ARE PRESENTED TO AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE TRUSTEES ARE INDEPENDENT OF THE INDIVIDUALS FOR WHOM COMPENSATION DECISIONS ARE BEING MADE. THE DELIBERATIONS AND DECISIONS OF THE EXECUTIVE COMMITTEE ARE NOTED IN THE COMMITTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP OBLIGATION 494,240. 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