ST OLAF COLLEGE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: ST OLAF COLLEGE (EIN 41-0693979)
Tax period: 2020-06-01 to 2021-05-31
Filed: 2022-04-06
IRS object ID: 202240969349300119
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
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-04-06T10:36:30-05:00	ReturnTs
Tax Period End	2021-05-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 S 6TH ST 2300	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-06-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	410693979	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ST OLAF COLLEGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	STOL	BusinessNameControlTxt
Phone	5077862222	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1520 ST OLAF AVENUE	AddressLine1Txt
City	NORTHFIELD	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55057	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NATHAN ENGLE	PersonNm
Person Title	CONTROLLER	PersonTitleTxt
Phone	5077862222	PhoneNum
Signature	2022-04-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	NATHAN	PersonFirstNm
Person Last	ENGLE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LAWRENCE H MOHR CPA	PreparerPersonNm
PTIN	P00447603	PTIN
Phone	6128764500	PhoneNum
Preparation	2022-04-06	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DAVID ANDERSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1520 ST OLAF AVENUE	AddressLine1Txt
City	NORTHFIELD	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55057	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$478,248,381	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.STOLAF.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1874	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	ST. OLAF COLLEGE CHALLENGES STUDENTS TO EXCEL IN THE LIBERAL ARTS, EXAMINE FAITH AND VALUES, AND EXPLORE MEANINGFUL VOCATION IN AN INCLUSIVE, GLOBALLY ENGAGED COMMUNITY NOURISHED BY LUTHERAN TRADITION.	ActivityOrMissionDesc
Voting Members Governing Body	28	VotingMembersGoverningBodyCnt
Voting Members Independent	27	VotingMembersIndependentCnt
Total Employee	3275	TotalEmployeeCnt
Total Volunteers	81	TotalVolunteersCnt
Total Gross UBI	$56,157	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$18,664,395	PYContributionsGrantsAmt
CY Contributions Grants	$40,626,820	CYContributionsGrantsAmt
PY Program Service Revenue	$181,683,688	PYProgramServiceRevenueAmt
CY Program Service Revenue	$180,600,719	CYProgramServiceRevenueAmt
PY Investment Income	$11,023,734	PYInvestmentIncomeAmt
CY Investment Income	$19,441,214	CYInvestmentIncomeAmt
PY Other Revenue	$386,266	PYOtherRevenueAmt
CY Other Revenue	$326,170	CYOtherRevenueAmt
PY Total Revenue	$211,758,083	PYTotalRevenueAmt
CY Total Revenue	$240,994,923	CYTotalRevenueAmt
PY Grants And Similar Paid	$94,068,481	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$98,569,935	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$69,536,125	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$69,854,576	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$159,706	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$87,290	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,879,444	CYTotalFundraisingExpenseAmt
PY Other Expenses	$53,856,103	PYOtherExpensesAmt
CY Other Expenses	$46,769,979	CYOtherExpensesAmt
PY Total Expenses	$217,620,415	PYTotalExpensesAmt
CY Total Expenses	$215,281,780	CYTotalExpensesAmt
PY Revenues Less Expenses	-$5,862,332	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$25,713,143	CYRevenuesLessExpensesAmt
Total Assets BOY	$812,980,169	TotalAssetsBOYAmt
Total Assets EOY	$1,072,190,588	TotalAssetsEOYAmt
Total Liabilities BOY	$111,903,576	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$175,577,230	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$701,076,593	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$896,613,358	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ST. OLAF COLLEGE CHALLENGES STUDENTS TO EXCEL IN THE LIBERAL ARTS, EXAMINE FAITH AND VALUES, AND EXPLORE MEANINGFUL VOCATION IN AN INCLUSIVE, GLOBALLY ENGAGED COMMUNITY NOURISHED BY LUTHERAN TRADITION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$197,789,792	ExpenseAmt
Grant	$98,569,935	GrantAmt
Revenue	$152,355,240	RevenueAmt
Desc	POSTSECONDARY EDUCATION - FOUR YEAR, RESIDENTIAL, LIBERAL ARTS EDUCATION. IN THE 2020-2021 ACADEMIC YEAR, ST. OLAF COLLEGE ENROLLED 2,916 FULL TIME STUDENTS AND 37 PART TIME STUDENTS. THE GRADUATING CLASS OF 2021 HAD 697 GRADUATES. A STUDENT TO FACULTY RATIO OF 12.2:1 SUPPORTS ST. OLAF STUDENTS WITH CLASSROOM, LABORATORY, AND OFF-CAMPUS EXPERIENCES. ST. OLAF COLLEGE IS ACCREDITED AS A DEGREE-GRANTING INSTITUITION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS. THE COLLEGE'S ACADEMIC PROGRAMS ARE ALSO ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY, COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL ASSOCIATION OF SCHOOLS OF DANCE, NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE, AND NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION.	Desc
Total Program Service Expenses	$197,789,792	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	Yes (1)	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	Yes (1)	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	Yes (1)	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4101	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	3275	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	28	GoverningBodyVotingMembersCnt
Independent Voting Member	27	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JANET HANSON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5077862222	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1520 ST OLAF AVENUE	AddressLine1Txt
City	NORTHFIELD	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55057	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID ANDERSON
PRESIDENT	40.00	0.00	Yes (X)	Yes (X)	$478,867	$0	$39,951
JAY LUND
CHAIR	1.70	0.00	Yes (X)	Yes (X)	$0	$0	$0
SUSAN GUNDERSON
VICE CHAIR	1.70	0.00	Yes (X)	Yes (X)	$0	$0	$0
JOHN RAITT
TREASURER	1.70	0.00	Yes (X)	Yes (X)	$0	$0	$0
MARVIN BENTON
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JEFFREY BOLTON
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
GREGORY BUCK
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
SEAN BURRESS
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
SONJA CLARK
REGENT - OUTGOING	1.70	0.00	Yes (X)		$0	$0	$0
JOAN ERICKSEN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
STEPHANIE FEHR
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
WILLIAM GAFKJEN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
PETER GOTSCH
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
PAUL GRANGAARD
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JOHN GROTTING
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JENNIFER HELLMAN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JODY KLEPPE HORNER
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
MARK JORDAHL
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
CHRISTOPHER KLEIN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
WARD KLEIN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JUDD LOEWENSTEIN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
TIMOTHY MAUDLIN
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
BRENDA MCCORMICK
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
GRETCHEN MORGENSON
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
LAURIE NORDQUIST
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
SCOTT OKUNO
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
JON SALVESON
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
LAWRENCE STRANGHOENER
REGENT - OUTGOING	1.70	0.00	Yes (X)		$0	$0	$0
GLENN TAYLOR
REGENT - OUTGOING	1.70	0.00	Yes (X)		$0	$0	$0
ALPHONSO TINDALL
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
THERESA HULL WISE
REGENT	1.70	0.00	Yes (X)		$0	$0	$0
MARCI SORTOR
PROVOST AND DEAN OF THE COLLEGE	40.00	0.00		Yes (X)	$234,601	$0	$33,925
CARL CROSBY LEHMANN
GENERAL COUNSEL	40.00	0.00		Yes (X)	$224,171	$0	$19,940
ENOCH BLAZIS
VP FOR ADVANCEMENT	40.00	0.00		Yes (X)	$210,996	$0	$27,112
JANET HANSON
VP AND CFO	40.00	0.00		Yes (X)	$208,807	$0	$33,485
MICHAEL KYLE
VP FOR ENROLLMENT	40.00	0.00		Yes (X)	$204,044	$0	$31,461
MICHAEL GOODSON
VP FOR HUMAN RESOURCES	40.00	0.00		Yes (X)	$168,315	$0	$23,473
HASSEL MORRISON
VP FOR STUDENT LIFE	40.00	0.00		Yes (X)	$149,393	$0	$35,670
DAN DRESSEN
ASSOCIATE PROVOST	40.00	0.00		Yes (X)	$132,709	$0	$20,161
MARK GELLE
CHIEF INVESTMENT OFFICER	40.00	0.00		Yes (X)	$124,274	$0	$25,328
JO BELD
SECRETARY	40.00	0.00		Yes (X)	$117,652	$0	$24,198
NATHAN ENGLE
CONTROLLER	40.00	0.00		Yes (X)	$96,936	$0	$31,439
ROBERTA LEMBKE
CHIEF INFORMATION OFFICER	40.00	0.00			$153,493	$0	$20,989	Yes (X)
REBECCA OTTEN
ASST VP FOR ADVANCEMENT	40.00	0.00			$148,851	$0	$14,512	Yes (X)
KATIE WARREN
CHIEF MARKETING OFFICER	40.00	0.00			$145,037	$0	$13,342	Yes (X)
BRUCE KING
INSTITUTIONAL DIVERSITY	40.00	0.00			$142,339	$0	$28,840	Yes (X)
CHRISTOPHER GEORGE
DEAN OF ADMISSIONS AND FINANCIAL AID	40.00	0.00			$136,475	$0	$35,076	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,076,960	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$458,902	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	56	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
BON APPETIT MANAGEMENT CO
100 HAMILTON AVENUE SUITE 400	PALO ALTO	CA	94301	FOOD SERVICE PROVIDER	$6,964,541
WORKSHOP ARCHITECTS
201 E PITTSBURG AVENUE SUITE 301	MILWAUKEE	WI	53204	ARCHITECTURAL FIRM	$1,588,047
HARRIS
1400 7TH STREET NW	ROCHESTER	MN	55901	CONSTRUCTION	$1,031,896
EBSCO INDUSTRIES
PO BOX 1943	BIRMINGHAM	AL	35242	PUBLICATIONS AND SUBSCRIPTIONS	$750,877
MAYO CLINIC LABORATORIES
200 FIRST ST SW	ROCHESTER	MN	55905	MEDICAL TESTING SERVICES	$659,322

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	37	CntrctRcvdGreaterThan100KCnt
Government Grants	$6,818,613	GovernmentGrantsAmt
All Other Contributions	$33,808,207	AllOtherContributionsAmt
Noncash Contributions	$4,364,551	NoncashContributionsAmt
Total Contributions	$40,626,820	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
TUITION & FEES	611600	$150,934,563	$150,934,563
AUXILIARY SALES AND SERVICES	611600	$28,351,109	$365,861	$27,985,248
OTHER	611600	$1,315,047	$1,054,816	$260,231

Field	Value	IRS element (for citing)
Total Program Service Revenue	$180,600,719	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,032,774	TotalRevenueColumnAmt
Exclusion	$11,032,774	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$538,000	RealAmt
Personal	$63,212	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$270,696	RealAmt
Personal	$7,055	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$267,304	RealAmt
Personal	$56,157	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$323,461	TotalRevenueColumnAmt
Unrelated Business Revenue	$56,157	UnrelatedBusinessRevenueAmt
Exclusion	$267,304	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$230,391,305	SecuritiesAmt
Other	$14,982,956	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$217,675,952	SecuritiesAmt
Other	$19,289,869	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$12,715,353	SecuritiesAmt
Other	-$4,306,913	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,408,440	TotalRevenueColumnAmt
Exclusion	$8,408,440	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$12,595	FundraisingGrossIncomeAmt
Fundraising Direct Expenses	$9,886	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,709	TotalRevenueColumnAmt
Exclusion	$2,709	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$240,994,923	TotalRevenueColumnAmt
Related Or Exempt Func Income	$152,355,240	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$56,157	UnrelatedBusinessRevenueAmt
Exclusion	$47,956,706	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$98,569,935	TotalAmt
Program Services	$98,569,935	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,409,834	TotalAmt
Program Services	$739,355	ProgramServicesAmt
Management And General	$1,209,996	ManagementAndGeneralAmt
Fundraising	$460,483	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$52,548,935	TotalAmt
Program Services	$46,084,234	ProgramServicesAmt
Management And General	$3,892,719	ManagementAndGeneralAmt
Fundraising	$2,571,982	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,463,551	TotalAmt
Program Services	$3,935,520	ProgramServicesAmt
Management And General	$301,546	ManagementAndGeneralAmt
Fundraising	$226,485	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$6,862,319	TotalAmt
Program Services	$6,482,208	ProgramServicesAmt
Management And General	$83,545	ManagementAndGeneralAmt
Fundraising	$296,566	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,569,937	TotalAmt
Program Services	$3,092,315	ProgramServicesAmt
Management And General	$284,095	ManagementAndGeneralAmt
Fundraising	$193,527	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$83,499	TotalAmt
Program Services	$20,860	ProgramServicesAmt
Management And General	$62,639	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$104,072	TotalAmt
Management And General	$104,072	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$87,290	TotalAmt
Fundraising	$87,290	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,577,085	TotalAmt
Management And General	$1,577,085	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,463,228	TotalAmt
Program Services	$2,478,648	ProgramServicesAmt
Management And General	$1,738,451	ManagementAndGeneralAmt
Fundraising	$246,129	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$497,287	TotalAmt
Program Services	$483,117	ProgramServicesAmt
Management And General	$14,170	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,673,058	TotalAmt
Program Services	$2,350,537	ProgramServicesAmt
Management And General	$178,718	ManagementAndGeneralAmt
Fundraising	$143,803	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,102,703	TotalAmt
Program Services	$2,538,824	ProgramServicesAmt
Management And General	$363,260	ManagementAndGeneralAmt
Fundraising	$200,619	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$709	TotalAmt
Management And General	$650	ManagementAndGeneralAmt
Fundraising	$59	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,248,443	TotalAmt
Program Services	$4,727,188	ProgramServicesAmt
Management And General	$479,221	ManagementAndGeneralAmt
Fundraising	$42,034	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,875,911	TotalAmt
Program Services	$1,871,274	ProgramServicesAmt
Management And General	$2,066	ManagementAndGeneralAmt
Fundraising	$2,571	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$95,410	TotalAmt
Program Services	$80,892	ProgramServicesAmt
Management And General	$4,300	ManagementAndGeneralAmt
Fundraising	$10,218	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,371,393	TotalAmt
Program Services	$2,276,293	ProgramServicesAmt
Management And General	$94,294	ManagementAndGeneralAmt
Fundraising	$806	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$13,337,353	TotalAmt
Program Services	$12,175,345	ProgramServicesAmt
Management And General	$849,895	ManagementAndGeneralAmt
Fundraising	$312,113	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$961,466	TotalAmt
Program Services	$2,024	ProgramServicesAmt
Management And General	$959,442	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
FOOD SERVICE	$7,400,611	$7,392,365	$2,632	$5,614
TUITION FEES PAID TO OT	$561,063	$560,399	$659	$5
MEMBERSHIP DUES PAID TO	$534,336	$213,104	$317,414	$3,818
UBI TAXES PAID	$26,603		$26,603

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,855,749	TotalAmt
Program Services	$1,715,355	ProgramServicesAmt
Management And General	$65,072	ManagementAndGeneralAmt
Fundraising	$75,322	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$215,281,780	TotalAmt
Program Services	$197,789,792	ProgramServicesAmt
Management And General	$12,612,544	ManagementAndGeneralAmt
Fundraising	$4,879,444	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$425,245	BOYAmt
EOY	$233,740	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$24,615,282	BOYAmt
EOY	$35,638,767	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$9,668,851	BOYAmt
EOY	$7,523,638	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$451,979	BOYAmt
EOY	$225,509	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$750,000	BOYAmt
EOY	$750,000	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$154,033	BOYAmt
EOY	$144,824	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$512,331	BOYAmt
EOY	$1,025,290	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$444,678,371	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$201,909,941	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$243,997,314	BOYAmt
EOY	$242,768,430	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$69,362,062	BOYAmt
EOY	$68,008,112	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$428,073,777	BOYAmt
EOY	$614,058,330	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,142,730	BOYAmt
EOY	$4,374,161	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$29,826,565	BOYAmt
EOY	$97,439,787	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$812,980,169	BOYAmt
EOY	$1,072,190,588	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$14,497,677	BOYAmt
EOY	$17,814,956	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$3,540,391	BOYAmt
EOY	$2,679,808	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$5,426,522	BOYAmt
EOY	$2,033,264	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$74,567,367	BOYAmt
EOY	$138,523,336	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$10,952,056	BOYAmt
EOY	$11,463,211	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,919,563	BOYAmt
EOY	$3,062,655	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$111,903,576	BOYAmt
EOY	$175,577,230	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$333,754,638	BOYAmt
EOY	$411,548,422	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$367,321,955	BOYAmt
EOY	$485,064,936	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$701,076,593	BOYAmt
EOY	$896,613,358	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$812,980,169	BOYAmt
EOY	$1,072,190,588	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$25,713,143	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$164,105,216	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$5,718,406	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$24,604,391	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$23,748,728	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,723,742	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,664,395	CurrentTaxYearMinus1YearAmt
Current Tax Year	$40,626,820	CurrentTaxYearAmt
Total	$136,368,076	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$24,604,391	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$23,748,728	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,723,742	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,664,395	CurrentTaxYearMinus1YearAmt
Current Tax Year	$40,626,820	CurrentTaxYearAmt
Total	$136,368,076	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$12,079,445	SubstantialContributorsTotAmt
Public Support Total170	$124,288,631	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$16,268,336	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$60,446,532	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,749,035	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$9,079,813	CurrentTaxYearMinus1YearAmt
Current Tax Year	$11,032,774	CurrentTaxYearAmt
Total	$107,576,490	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,773,155	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$28,915,827	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$20,819,105	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,263,044	CurrentTaxYearMinus1YearAmt
Current Tax Year	$8,411,149	CurrentTaxYearAmt
Total	$70,182,280	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$314,126,846	TotalSupportAmt
Gross Receipts Rltd Activities	$744,226,265	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.39570	PublicSupportCY170Pct
Public Support PY170	0.39890	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER INCOME	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	0	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	Yes (1)	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$120,558	OtherActivitiesAmt
Total Lobbying Expenditures	$120,558	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-B, LINE 1:	FormAndLineReferenceDesc
Explanation	ST. OLAF COLLEGE IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. ST. OLAF COLLEGE PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $151,133 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2021, INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 50L(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 79.76% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $120,558 OF ST. OLAF COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM ST. OLAF COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Protection Natural Habitat	Yes (X)	ProtectionNaturalHabitatInd
Total Easements	2	TotalEasementsCnt
Total Acreage	130.00	TotalAcreageCnt
Modified Easements	0	ModifiedEasementsCnt
States Easements Held	1	StatesEasementsHeldCnt
Written Policy Monitoring	0	WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement	100.00	StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement	$51,343	ExpensesIncurredEnforcementAmt

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$63,187	RevenuesIncludedAmt
Assets Included	$3,411,074	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Solicited Assets Sale	Yes (1)	SolicitedAssetsSaleInd
Agent Trustee Etc	Yes (1)	AgentTrusteeEtcInd
Beginning Balance	$365,342	BeginningBalanceAmt
Additions During Year	$280,166	AdditionsDuringYearAmt
Distributions During Year	$613,060	DistributionsDuringYearAmt
Ending Balance	$32,448	EndingBalanceAmt
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$516,330,591	BeginningYearBalanceAmt
Contributions	$22,444,367	ContributionsAmt
Investment Earnings Or Losses	$181,929,892	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,217,439	GrantsOrScholarshipsAmt
Other Expenditures	$10,083,224	OtherExpendituresAmt
Administrative Expenses	$1,688,156	AdministrativeExpensesAmt
End Year Balance	$701,716,031	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$540,137,850	BeginningYearBalanceAmt
Contributions	$4,916,091	ContributionsAmt
Investment Earnings Or Losses	-$13,616,857	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,887,243	GrantsOrScholarshipsAmt
Other Expenditures	$6,605,589	OtherExpendituresAmt
Administrative Expenses	$1,613,661	AdministrativeExpensesAmt
End Year Balance	$516,330,591	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$536,053,533	BeginningYearBalanceAmt
Contributions	$15,588,231	ContributionsAmt
Investment Earnings Or Losses	$548,307	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,471,566	GrantsOrScholarshipsAmt
Other Expenditures	$3,971,684	OtherExpendituresAmt
Administrative Expenses	$1,608,971	AdministrativeExpensesAmt
End Year Balance	$540,137,850	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$498,709,974	BeginningYearBalanceAmt
Contributions	$9,050,791	ContributionsAmt
Investment Earnings Or Losses	$45,673,028	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,075,236	GrantsOrScholarshipsAmt
Other Expenditures	$10,161,177	OtherExpendituresAmt
Administrative Expenses	$1,143,847	AdministrativeExpensesAmt
End Year Balance	$536,053,533	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$447,701,139	BeginningYearBalanceAmt
Contributions	$9,518,220	ContributionsAmt
Investment Earnings Or Losses	$55,708,370	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,608,563	GrantsOrScholarshipsAmt
Other Expenditures	$8,120,180	OtherExpendituresAmt
Administrative Expenses	$489,013	AdministrativeExpensesAmt
End Year Balance	$498,709,973	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.36200	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.35700	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.28100	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,342,890	OtherCostOrOtherBasisAmt
Book Value	$1,342,890	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$324,266,608	OtherCostOrOtherBasisAmt
Depreciation	$136,088,803	DepreciationAmt
Book Value	$188,177,805	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$31,597,106	OtherCostOrOtherBasisAmt
Depreciation	$13,065,947	DepreciationAmt
Book Value	$18,531,159	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$59,998,027	OtherCostOrOtherBasisAmt
Depreciation	$44,006,278	DepreciationAmt
Book Value	$15,991,749	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,473,740	OtherCostOrOtherBasisAmt
Depreciation	$8,748,913	DepreciationAmt
Book Value	$18,724,827	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$242,768,430	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
HEDGE FUNDS	$159,332,181	F
PRIVATE EQUITY FUNDS	$122,012,855	F
GLOBAL EQUITY FUNDS	$230,308,532	F
REAL ESTATE FUNDS	$28,339,923	F
COMMODITY FUNDS	$51,691,030	F
OTHER INVESTMENTS	$298,253	F
FIXED INCOME FUNDS	$21,650,566	F
PRIVATE CREDIT FUNDS	$424,990	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$614,058,330	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt
OTHER RECEIVABLES	$204,072
DEPOSITS HELD BY TRUSTEE	$62,935,876
FUNDS HELD IN TRUST BY OTHERS	$2,298,817
ASSETS HELD IN CHARITABLE TRUST	$32,001,022

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$97,439,787	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	ASSET RETIREMENT OBLIGATION	Desc
Amt	$3,062,655	Amt

Field	Value	IRS element (for citing)
Total Liability	$3,062,655	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$313,221,470	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$164,105,216	NetUnrealizedGainsInvstAmt
Other Revenue	$5,718,406	OtherRevenueAmt
Revenue Not Reported	$169,823,622	RevenueNotReportedAmt
Revenue Subtotal	$143,397,848	RevenueSubtotalAmt
Investment Expenses Not Incld	$1,577,085	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$96,019,991	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$97,597,076	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$240,994,924	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$117,684,705	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$117,684,705	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$1,577,085	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$96,019,991	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$97,597,076	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$215,281,781	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II, LINE 9:	MONEY RECEIVED INITIALLY WAS RECORDED AS UNRESTRICTED REVENUE AND PLACED INTO A BOARD DESIGNATED QUASI-ENDOWMENT. EXPENSES THAT ARE INCURRED PERTAINING TO THE EASEMENTS ARE RECORDED AS OPERATING EXPENSES. THE LAND RELATED TO THE EASEMENTS IS INCLUDED IN AS PROPERTY, PLANT, AND EQUIPMENT ON THE COLLEGE'S BALANCE SHEET.
PART III, LINE 4:	THE COLLEGE'S COLLECTIONS ARE COMPOSED PRIMARILY OF ARTWORK DONATED AND DISPLAYED ON THE PREMISES OF THE COLLEGE. THE COLLECTION FURTHERS THE EXEMPT PURPOSE BY PROVIDING SUBJECTS FOR STUDENTS TO OBSERVE AND INTERPRET.
PART IV, LINE 1B:	THE COLLEGE SERVES AS AN AGENT FOR SEVERAL STUDENT AND OTHER ORGANIZATIONS.
PART IV, LINE 2B:	INCLUDED IN FORM 990, PART X, LINE 21 ARE TWO SEPARATE TYPES OF LIABILITIES. FIRST ARE 'ANNUITIES PAYABLE" OF $11,103,674 RESULTING FROM CHARITABLE ANNUITIES AND TRUSTS WHERE THE COLLEGE SERVES AS THE TRUSTEE OF THE ASSETS AND RECORDS A LIABILITY FOR THE PRESENT VALUE OF FUTURE CASH FLOWS ESTIMATED TO BE PAID OUT TO THE INCOME BENEFICIARIES. IN ADDITION, THE COLLEGE ALSO RECORDS "FUNDS HELD IN TRUST FOR OTHERS" OF $359,537 THAT PRIMARILY RESULT FROM THE TRUSTS UNDER CONTROL OF THE COLLEGE THAT WILL BENEFIT OTHER ORGANIZATIONS AT THE TERMINATION OF THE TRUST.
PART V, LINE 4:	THE INTENDED USES OF THE ENDOWMENT FUND INCLUDE SCHOLARSHIPS, ENDOWED FACULTY CHAIRS, AND GENERAL SUPPORT TO SUBSIDIZE VARIOUS OPERATIONS.
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2021 AND 2020. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH -325,016. ADJUSTMENT TO ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 6,043,422.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	SCHOLARSHIPS AND GRANTS 96,017,282. SPECIAL FUNDRAISING EXPENSES 2,709.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	SCHOLARSHIPS AND GRANTS 96,017,282. SPECIAL FUNDRAISING EXPENSES 2,709.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, LINE 3

THE COLLEGE DOES NOT ENGAGE IN SIGNIFICANT ADVERTISING ACTIVITIES VIA NEWSPAPERS OR BROADCAST MEDIA. HOWEVER, WHEN THE COLLEGE POSTS JOB OPENINGS IN NEWSPAPERS THE APPLICABLE DISCRIMINATION POLICIES ARE INCLUDED.

SCHEDULE E, PART I, LINE 6

ST. OLAF PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM ADMINISTERED THROUGH THE US DEPARTMENT OF EDUCATION. ST. OLAF STUDENTS RECEIVE FUNDING FROM CAMPUS BASED PROGRAMS (PERKINS, SEOG AND FEDERAL WORK STUDY) AS WELL AS FEDERAL PELL GRANTS AND FEDERAL STUDENT LOANS. IN ADDITION, ST. OLAF STUDENTS RECEIVE FUNDING VIA THE MINNESOTA STATE GRANT, WORK STUDY AND SELF LOAN PROGRAMS ADMINISTERED THROUGH THE MINNESOTA OFFICE OF HIGHER EDUCATION. THE COLLEGE ALSO RECEIVED OTHER GRANTS THOUGH FEDERAL AND STATE PROGRAMS, SUCH AS THE DEPARTMENT OF EDUCATION AND NATIONAL SCIENCE FOUNDATION.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	INVESTMENTS	$350,239,934
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	INVESTMENTS	$374,862
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	$108,490	INTERNATIONAL STUDIES
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	$231,450	INTERNATIONAL STUDIES

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$350,954,736	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$350,954,736	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	THE COLLEGE OFFERS GRANTS IN THE FORM OF NEED OR MERIT BASED SCHOLARSHIPS TO STUDENTS WHO ARE STUDYING OUTSIDE OF THE US. BEFORE THE GRANT OR AWARD IS AVAILABLE AND DISBURSED, THE INTERNATIONAL AND OFF-CAMPUS STUDIES OFFICE MUST APPROVE ANY PROGRAM THAT A STUDENT IS PARTICIPATING IN. ONCE THE GRANT HAS BEEN DISBURSED TO THE STUDENT'S ACCOUNT TO COVER TUITION FOR THE STUDY ABROAD PROGRAM, THE INTERNATIONAL AND OFF-CAMPUS STUDIES OFFICE MAINTAINS CONTACT WITH THE HOST INSTITUTIONS TO MONITOR THE STUDENT'S ATTENDANCE AND NOTIFIES THE FINANCIAL AID OFFICE AND STUDENT ACCOUNTS OFFICE IF A STUDENT WITHDRAWS FROM AN OFF-CAMPUS PROGRAM.
PART I, LINE 3:	ACCRUAL METHOD
PART III ACCOUNTING METHOD:
PART IV	LINE 1: THE COLLEGE HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. LINE 3: THE COLLEGE HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENTS OF FILING FORM 5471 FOR THE TAX YEAR. LINE 4: THE COLLEGE HAS DIRECTLY INVESTED IN PASSIVE FOREIGN INVESTMENT COMPANIES. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENTS OF FILING FORM 8621 FOR THE TAX YEAR. LINE 5: THE COLLEGE HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS AND FILED THE REQUIRED FORMS 8865 FOR THE TAX YEAR.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Gross ReceiptsGrossReceiptsAmt	Retained By ContractorRetainedByContractorAmt	Net To OrganizationNetToOrganizationAmt
PLUS DELTA PARTNERS
6965 EL CAMINO REAL STE 105-498	CARLSBAD	CA	92009	CONSULTING AND TRAINING	0	$0	$20,000	-$20,000
WEST WIND CONSULTING
120 BRINDLEY STREET SUITE 7	ITHICA	NY	14850	CONSULTING AND TRAINING	0	$0	$9,750	-$9,750

Field	Value	IRS element (for citing)
Total Retained By Contractors	$29,750	TotalRetainedByContractorsAmt
Total Net To Organization	-$29,750	TotalNetToOrganizationAmt
Licensed States	AL	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	CA	LicensedStatesCd
Licensed States	CO	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MN	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WI	LicensedStatesCd
Licensed States	DC	LicensedStatesCd

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

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

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
TUITION WAIVER	154	$2,287,557
MERIT BASED SCHOLARSHIPS	2342	$34,815,299
NEED BASED FINANCIAL AID	2337	$59,357,103
EDUCATIONAL OPPORTUNITY ASSISTANCE	95	$131,398
VOCATION & CAREER ASSISTANCE	423	$766,864
EMERGENCY GRANTS TO STUDENTS	1767	$1,211,714

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

GRANT FUNDS DISBURSED BY THE COLLEGE ARE PREDOMINANTLY AVAILABLE AS MERIT OR NEED BASED SCHOLARSHIPS. THESE SCHOLARSHIPS ARE DISBURSED BY THE FINANCIAL AID OFFICE AND ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT TO PAY FOR TUITION, ROOM AND BOARD. THEY ARE THEN MONITORED BY THE FINANCIAL AID OFFICE AND THE STUDENT ACCOUNTS OFFICE, BOTH OF WHOM ARE NOTIFIED IF THE STUDENT'S NORMAL ENROLLMENT STATUS CHANGES DURING THE SEMESTER. THESE OFFICES MONITOR WHETHER THE GRANTEE IS TAKING THE NECESSARY CLASSES AND IS THEREFORE UTILIZING THE GRANT AS IT WAS INTENDED. IF A STUDENT'S ENROLLMENT CHANGES, AWARD ADJUSTMENTS ARE MADE. OTHER GRANT FUNDS ARE DISBURSED BY THE COLLEGE THROUGH ACCOUNTS PAYABLE. QUALIFICATION AND USE OF THESE PAYMENTS ARE MONITORED BY THE RESPECTIVE DEPARTMENTS RESPONSIBLE FOR THE DISBURSEMENT.

PART III, EMERGENCY GRANTS TO STUDENTS:

EMERGENCY GRANTS TO STUDENTS REPRESENTS THE HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT FOR DIRECT DISTRIBUTION TO STUDENTS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAVID ANDERSON
PRESIDENT	$467,626	$0	$0	$0	$11,241	$0	$25,650	$0	$14,301	$0	$518,818	$0	$0	$0
MARCI SORTOR
PROVOST AND DEAN OF THE COLLEGE	$230,837	$0	$0	$0	$3,764	$0	$19,745	$0	$14,180	$0	$268,526	$0	$0	$0
CARL CROSBY LEHMANN
GENERAL COUNSEL	$220,818	$0	$2,000	$0	$1,353	$0	$18,140	$0	$1,800	$0	$244,111	$0	$0	$0
JANET HANSON
VP AND CFO	$202,669	$0	$0	$0	$6,138	$0	$17,629	$0	$15,856	$0	$242,292	$0	$0	$0
ENOCH BLAZIS
VP FOR ADVANCEMENT	$209,678	$0	$0	$0	$1,318	$0	$17,600	$0	$9,512	$0	$238,108	$0	$0	$0
MICHAEL KYLE
VP FOR ENROLLMENT	$202,088	$0	$0	$0	$1,956	$0	$17,353	$0	$14,108	$0	$235,505	$0	$0	$0
MICHAEL GOODSON
VP FOR HUMAN RESOURCES	$165,700	$0	$0	$0	$2,615	$0	$14,059	$0	$9,414	$0	$191,788	$0	$0	$0
HASSEL MORRISON
VP FOR STUDENT LIFE	$149,068	$0	$0	$0	$325	$0	$12,968	$0	$22,702	$0	$185,063	$0	$0	$0
ROBERTA LEMBKE
CHIEF INFORMATION OFFICER	$153,493	$0	$0	$0	$0	$0	$13,104	$0	$7,885	$0	$174,482	$0	$0	$0
CHRISTOPHER GEORGE
DEAN OF ADMISSIONS AND FINANCIAL AID	$135,773	$0	$0	$0	$702	$0	$12,298	$0	$22,778	$0	$171,551	$0	$0	$0
BRUCE KING
INSTITUTIONAL DIVERSITY	$142,339	$0	$0	$0	$0	$0	$10,617	$0	$18,223	$0	$171,179	$0	$0	$0
REBECCA OTTEN
ASST VP FOR ADVANCEMENT	$148,403	$0	$0	$0	$448	$0	$12,298	$0	$2,214	$0	$163,363	$0	$0	$0
KATIE WARREN
CHIEF MARKETING OFFICER	$142,540	$0	$2,200	$0	$297	$0	$11,739	$0	$1,603	$0	$158,379	$0	$0	$0
DAN DRESSEN
ASSOCIATE PROVOST	$129,143	$0	$0	$0	$3,566	$0	$10,863	$0	$9,298	$0	$152,870	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	HOUSING ALLOWANCE/RESIDENCE FOR PERSONAL USE - DAVID ANDERSON - $35,940	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
A	410988525	60416JDB3	2021-03-18	$66,855,752	FINANCE CONSTRUCTION AND RENOVATION PROJECTS	0	0	0
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
B	410988525	60416HL51	2015-07-01	$61,107,599	FINANCE CONSTRUCTION AND ADVANCE REFUNDING	0	0	0
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
C	410988525	60416HZ80	2016-09-15	$25,628,247	REFUND OUTSTANDING BALANCE OF SERIES SEVEN-F BOND	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	RetiredRetiredAmt	Other Spent ProceedsOtherSpentProceedsAmt
A	$66,855,752	$454,400	$66,401,352	2021	0	0	0	Yes (1)
B	$61,107,599	$441,171	$25,000,000	2015	Yes (1)	Yes (1)	Yes (1)	Yes (1)	$11,595,000	$35,666,428
C	$25,628,247	$265,273	$2,468		Yes (1)	Yes (1)	Yes (1)	Yes (1)	$370,000	$25,360,506

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Private Bus Concerning UBIPrivateBusConcerningUBIPct	Total Private Business UseTotalPrivateBusinessUsePct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	0	0	0.00000	0.00000	0.00000	0	0	Yes (1)
B	0	0	0	0	0.00000	0.00000	0.00000	0	0	Yes (1)
C	0	0	0	0	0.00000	0.00000	0.00000	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	No Rebate DueNoRebateDueInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	Yes (1)	Yes (1)	0	Yes (1)
B	Yes (1)	0		Yes (1)
C	Yes (1)	0		Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

DATE REBATE COMPUTATION PERFORMED

ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/18/2021 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/18/2020 ISSUER NAME: MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/14/2020

SCHEDULE K, PART IV, LINES 5B AND 5C

GUARANTEED INVESTMENT CONTRACT IS INVESTED WITH TD. THE INITIAL PRINCIPAL AMOUNT IN THE CAPITALIZED INTEREST FUND INVESTMENT ACCOUNT WAS $2,176,351.39 WITH A RATE OF EARNINGS OF 0.273% PER ANNUM AND A MATURITY OF APRIL 1, 2022. THE INITIAL PRINCIPAL AMOUNT IN THE CONSTRUCTION FUND INVESTMENT ACCOUNT WAS $61,336,526.00 WITH A RATE OF EARNINGS OF 0.273% PER ANNUM AND A MATURITY OF DECEMBER 30, 2023.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
$22,453	DISCOUNTED TUITION	AID IN EDUCATION
$110,480	TUITION WAIVER	AID IN EDUCATION

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$80	NoncashContributionsRptF990Amt
Method Of Determining Revenues	REPLACEMENT COST	MethodOfDeterminingRevenuesTxt

Art Historical Treasures ArtHistoricalTreasuresGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$4,200	NoncashContributionsRptF990Amt
Method Of Determining Revenues	REPLACEMENT COST	MethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$1,360	NoncashContributionsRptF990Amt
Method Of Determining Revenues	REPLACEMENT COST	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	69	ContributionCnt
Noncash Contributions Rpt F990	$4,239,411	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	MUSICAL INSTRUMENTS	3	$117,500	REPLACEMENT COST
Yes (X)	OTHER GIFTS IN KIND	1	$2,000	REPLACEMENT COST

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (1)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 32B:	FormAndLineReferenceDesc
Explanation	THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). IN SEVERAL TAX YEARS, THE COLLEGE HAS USED AN AUCTION HOUSE TO SELL COLLECTIBLE ITEMS THAT WERE DONATED TO THE COLLEGE SEVERAL YEARS AGO.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1	THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS SHALL BE COMPOSED OF THOSE INDIVIDUALS DESIGNATED BY THE BOARD OF REGENTS FROM TIME TO TIME. DURING THE TAX YEAR 2020, THE COMMITTEE'S MEMBERS WERE JAY LUND BOARD CHAIR, SUSAN GUNDERSON BOARD VICE CHAIR, JOHN RAITT TREASURER, JEFFREY BOLTON, WILLIAM GAFKJEN, JENNIFER HELLMAN, JODY HORNER, TIMOTHY MAUDLIN, THERESA WISE, AND DAVID ANDERSON PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF REGENTS AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF REGENTS. DURING SUCH INTERVALS, AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF REGENTS IN THE MANAGEMENT AND AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF REGENTS MAY IMPOSE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF REGENTS.
FORM 990, PART VI, SECTION A, LINE 2	REGENTS P. GRANGAARD AND J. LUND - BUSINESS RELATIONSHIP REGENTS J. RAITT AND P. GOTSCH - BUSINESS RELATIONSHIP FORMER REGENTS K. JOHNSON AND T. PIPER HAVE A BUSINESS RELATIONSHIP WITH CURRENT REGENTS J. GROTTING AND J. SALVESON.
FORM 990, PART VI, SECTION A, LINE 6	THE MEMBERS OF THE ST. OLAF CORPORATION SHALL BE THOSE INDIVIDUALS HOLDING THE FOLLOWING POSITIONS AND OFFICES: (A) THE MEMBERS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA OR ITS SUCCESSOR, (THE "CHURCH COUNCIL"), AS SUCH MEMBERS ARE APPOINTED IN ACCORDANCE WITH THE DISCIPLINE AND USAGE OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, OR ITS SUCCESSOR. SUCH MEMBERS OF THE CHURCH COUNCIL SHALL REMAIN MEMBERS OF THE CORPORATION UNTIL THEY NO LONGER SERVE AS MEMBERS OF THE CHURCH COUNCIL, (B) THE OFFICERS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, OR ITS SUCCESSOR, (C) THE PRESIDENT OF THE CORPORATION, (D) THE MEMBERS OF THE BOARD OF REGENTS OF THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7A	THE MANAGEMENT AND DIRECTION OF THE BUSINESS AND AFFAIRS OF THE ST. OLAF CORPORATION SHALL BE VESTED IN A BOARD OF REGENTS. TO THE EXTENT CONSISTENT WITH THE ARTICLES OF INCORPORATION AND PERMISSIBLE UNDER MINNESOTA STATUTES CHAPTER 317A, THE BYLAWS OF THE CORPORATION SHALL SPECIFY THE NUMBER, TERM OF OFFICE, METHOD OF SELECTION, REMOVAL, POWERS AND DUTIES OF THE BOARD OF REGENTS OF THE CORPORATION, THE TIME AND PLACE OF THEIR MEETINGS, VOTING RIGHTS AND SUCH OTHER REGULATIONS RELATING TO THE BOARD OF REGENTS AS MAY BE DESIRED.
FORM 990, PART VI, SECTION A, LINE 7B	SOME DECISIONS MADE BY THE BOARD OF REGENTS, SUCH AS CERTAIN CHANGES TO THE COLLEGE'S BY-LAWS, MUST BE APPROVED BY ALL MEMBERS OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11B	TO REVIEW THE FORM 990, THE BOARD OF REGENTS DELEGATED THE DETAIL REVIEW PROCESS TO THE AUDIT COMMITTEE ON FEBRUARY 16, 2022 THE COMMITTEE REVIEWED AND APPROVED THE FORM IN ITS ENTIRETY. IN ADDITION, THE FORM (NOT INCLUDING SCHEDULE B) WAS CIRCULATED TO ALL THE MEMBERS OF THE BOARD OF REGENTS PRIOR TO THE FILING DATE.
FORM 990, PART VI, SECTION B, LINE 12C	ON AN ANNUAL BASIS, A CONFLICT OF INTEREST QUESTIONNAIRE IS CIRCULATED TO THE BOARD OF REGENTS AND OFFICERS. THE QUESTIONNAIRE REQUIRES THE INDIVIDUAL TO DISCLOSE ANY RELATIONSHIPS OR TRANSACTIONS THAT WOULD RESULT OR APPEAR TO RESULT IN A CONFLICT OF INTEREST. THE COLLEGE COLLECTS AND REVIEWS THE FORMS AND DISCUSSES WHETHER THE APPROPRIATE ACTIONS HAVE BEEN TAKEN IN VOTING, DISCUSSIONS, AND OTHER MEETINGS TO PROPERLY RECOGNIZE THE CONFLICT. RESTRICTIONS, SUCH AS BEING UNABLE TO PARTICIPATE IN VOTING OR DISCUSSIONS, MAY BE IMPOSED ON ANY INDIVIDUAL WHO HAS A CONFLICT. THESE CONFLICTS ARE ADDITIONALLY REVIEWED BY THE CONFLICT OF INTEREST COMMITTEE, AS WELL AS THE BOARD OF REGENTS AUDIT COMMITTEE, ON AN ANNUAL BASIS IN ORDER TO ENSURE THAT APPROPRIATE MEASURES ARE BEING FOLLOWED. IN GENERAL, ANY IDENTIFIED CONFLICT OF INTEREST IS MONITORED BY THE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER (FOR FINANCIAL STATEMENT REPORTING PURPOSES) AND THE PRESIDENT'S OFFICE (TO ENSURE COMPLIANCE, PROPER CONSIDERATIONS ARE MADE AT MEETINGS). A REPORT OF IDENTIFIED CONFLICTS BY THE BOARD OF REGENTS AND OFFICERS IS PROVIDED TO THE AUDIT COMMITTEE ON AN ANNUAL BASIS AS AN AGENDA ITEM, AS WELL AS DOCUMENTED WITHIN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 15	COMPARATIVE DATA FOR THE PRESIDENT AND HIS DIRECT REPORTS, WHICH INCLUDES ALL VICE PRESIDENTS, IS GATHERED FROM CUPA SURVEY DATA FROM THE 26 MEMBERS OF THE ASSOCIATED COLLEGES OF THE MIDWEST (ACM) AND THE GREAT LAKES COLLEGES ASSOCIATION (GLCA) AND FOR THE 24 ST OLAF "PEER GROUP" LIBERAL ARTS COLLEGES. THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS REVIEWS THIS DATA AND SETS THE SALARY FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE CONSIDERS THE RECOMMENDATION THE PRESIDENT MAKES REGARDING THE OTHER KEY OFFICERS AND WHEN THE RECOMMENDATIONS ARE APPROVED, SETS THEIR SALARY. THE CHAIR OF THE BOARD REVIEWS THE DECISION OF THE EXECUTIVE COMMITTEE WITH THE FULL BOARD OF REGENTS DURING AN EXECUTIVE SESSION OF THE BOARD. THE CHAIR OF THE BOARD SENDS A LETTER TO THE VP OF HUMAN RESOURCES INDICATING THE NEW SALARY FOR THE PRESIDENT AND DOCUMENTATION OF THE PROCESS FOLLOWED TO ESTABLISH IT. THAT LETTER IS FILED WITH THE HUMAN RESOURCES. THE PRESIDENT REPORTS THE NEW SALARY FOR HIS DIRECT REPORTS, INCLUDING ALL VICE PRESIDENTS, TO HUMAN RESOURCES. THIS PROCESS WAS MOST RECENTLY CONDUCTED IN AUGUST, 2019 FOR THE VICE PRESIDENTS AND IN OCTOBER 2019 FOR THE PRESIDENT. DUE TO THE PANDEMIC, THIS PROCESS WAS NOT PERFORMED IN THE SAME MANNER BECAUSE COMPENSATION WAS INITIALLY HELD FLAT DURING FISCAL YEAR 2021. HOWEVER, IN SPRING 2021, THE BOARD CHAIR REVIEWED THE PRESIDENT'S COMPENSATION IN RELATION TO THE INFORMATION PROVIDED IN THE 2019 REVIEW. HUMAN RESOURCES REVIEWED THE VICE PRESIDENTS' COMPENSATION AGAINST MARKET DATA IN THE SPRING OF 2021.
FORM 990, PART VI, SECTION C, LINE 19	THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST OF THE CFO'S OFFICE. THE ANNUAL FORM 990, 990-T, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE AS WELL AS UPON THE REQUEST OF THE CFO'S OFFICE.
FORM 990, PART XI, LINE 9:	ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE PLAN -325,016. ADJUSTMENT TO ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 6,043,422.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
EMPLOYEE CONTRIBUTION VEBA TRUST
8625 ANDREW CARNEGIE BLVD	CHARLOTTE	NC	28262	043838476	PROVIDES RETIREE HEALTH BENEFITS	MO	501(C)(9)	EMERITI RETIREMENT HEALTH SOLUTIONS	0
EMPLOYER CONTRIBUTION VEBA TRUST
8625 ANDREW CARNEGIE BLVD	CHARLOTTE	NC	28262	043838456	PROVIDES RETIREE HEALTH BENEFITS	MO	501(C)(9)	EMERITI RETIREMENT HEALTH SOLUTIONS	0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Direct Controlling NADirectControllingNACd	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
MAKEUP INCOME CHARITABLE UNIT TRUST (3)
1520 ST OLAF AVENUE	NORTHFIELD	MN	55057	INVESTMENTS	MN	N/A	T	Yes (1)
CHARITABLE REMAINDER ANNUITY TRUST (2)
1520 ST OLAF AVENUE	NORTHFIELD	MN	55057	INVESTMENTS	MN	N/A	T	Yes (1)
CHARITABLE REMAINDER UNIT TRUST (19)
1520 ST OLAF AVENUE	NORTHFIELD	MN	55057	INVESTMENTS	MN	N/A	T	Yes (1)
POOLED INCOME FUND (1)
1520 ST OLAF AVENUE	NORTHFIELD	MN	55057	INVESTMENTS	MN	N/A	T	Yes (1)
LIFE INCOME TRUST (2)
1520 ST OLAF AVENUE	NORTHFIELD	MN	55057	INVESTMENTS	MN	N/A	T	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	EMPLOYER CONTRIBUTION VEBA TRUST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	B	TransactionTypeTxt
Involved	$768,044	InvolvedAmt
Method Of Amount Determination	BOOK AMOUNT	MethodOfAmountDeterminationTxt