2022-04-14T15:17:42-07:00 2021-05-31 990 2020-06-01 951684793 WESTMONT COLLEGE WEST 8055656000 955 La Paz Road Santa Barbara CA 93108 Paul Larson Controller 8055656286 2022-04-14 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Dr Gayle Beebe 955 La Paz Road Santa Barbara CA 93108 131716446 0 X www.westmont.edu X 1937 CA Westmont College is an undergraduate, residential, Christian, liberal arts community serving God's kingdom by cultivating thoughtful scholars, grateful servants and faithful leaders for global engagement with the academy, church and world. 27 27 1158 29 0 0 12221221 21483877 80121391 72806172 5109325 10909405 1720795 896184 99172732 106095638 32937419 32903057 0 0 36779372 34534986 0 0 2629413 30812143 27117792 100528934 94555835 -1356202 11539803 306042856 327873836 86722385 86432118 219320471 241441718 X Higher Education: Westmont College is an undergraduate, residential, Christian, liberal arts community serving God's kingdom by cultivating thoughtful scholars, grateful servants and faithful leaders for global engagement with the academy, church and world. 0 1 82104890 32903057 0 Instruction This program service encompassed a wide range of instruction in liberal arts curriculum 0 0 0 82104890 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 296 0 1 1158 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Paul Larson 8055656286 955 La Paz Road Santa Barbara CA 93108 Gayle Beebe President 40 1 X 333038 0 38498 Douglas Jones Vice President for Finance 40 1 X 245148 0 30777 Reed Sheard VP for Advancement and CIO 40 1 X 221815 0 31902 Irene Neller Vice President for Enrollment, Marketing and Communications 40 0 X 219036 0 13932 Mark Sargent Provost 40 0 X 208029 0 21718 Edith Schulze Vice President for Student Life 40 0 X 196437 0 20685 Stephen Baker Associate Vice President for Advancement 40 1 X 159462 0 28515 David Hernandez Director of Health Services 40 0 X 158026 0 20420 Rick Ifland Interim Provost and Director of Eaton Center 40 0 X 150438 0 18607 Judy Larson Director of Westmont Ridley Tree Museum 40 0 X 145271 0 18364 Paul Larson Controller 40 0 X 140426 0 9830 Patti Hunter Vice Provost and Professor of Mathematics 40 0 X 134097 0 9387 Mike Allen Trustee 2 0 X 0 0 0 Bruce Bickel Trustee 2 0 X 0 0 0 Teri Bradford Rouse Trustee 2 0 X 0 0 0 Max Bublitz Trustee 2 0 X 0 0 0 Phil Dunkelberger Trustee 2 0 X 0 0 0 Rick Fogg Trustee 2 0 X 0 0 0 Dave Gehring Trustee 2 0 X 0 0 0 Roy Goble Trustee 2 0 X 0 0 0 Carol Houston Trustee 2 0 X 0 0 0 Helga Houston Trustee 2 0 X 0 0 0 Denise Jackson Trustee 2 0 X 0 0 0 Jordan Jackson Trustee 2 0 X 0 0 0 Bob Kates Trustee 2 0 X 0 0 0 Tremper Longman Trustee 2 0 X 0 0 0 Patricia Martin Vice Chair of the Board 2 0 X 0 0 0 Todd Mattson Trustee 2 0 X 0 0 0 Bob Nicholson Trustee 2 0 X 0 0 0 Roxanne Packham Trustee 2 0 X 0 0 0 Jim Richardson Trustee 2 0 X 0 0 0 Karen Robilio Trustee 2 0 X 0 0 0 Sharon Rose Trustee 2 0 X 0 0 0 Jack Sinclair Trustee 2 0 X 0 0 0 Steve Stong Trustee 2 0 X 0 0 0 Lynne Tahmisian Trustee 2 0 X 0 0 0 Mitch Vance Chair of the Board 2 0 X 0 0 0 Celeste White Trustee 2 0 X 0 0 0 Mark Zoradi Trustee 2 0 X 0 0 0 Vince Nelson Trustee 2 0 X 0 0 0 2311223 0 262635 73 0 1 0 Exceltox Laboratories 15375 Barranca Pkwy Ste E104 Irvine CA 92618 COVID 19 Testing 502850 Outside Open 19 W Carrillo St A Santa Barbara CA 93101 Network, servers and cyber security 339716 Cold Springs Landscape PO Box 50336 Montecito CA 931500336 Landscape design, development and maintenance 331162 Music Celebrations International LLC 1440 S Priest Dr Ste 102 Tempe AZ 85281 Virtual Music performances 189834 BKD LLP 200 E Main Street Ste 700 Fort Wayne IN 468021900 Independent Auditor 103686 5 0 0 0 0 3965087 17518790 1250199 21483877 Tuition and fees 611310 59157048 59157048 0 0 Auxiliary enterprises 611310 13649124 13649124 0 0 0 0 0 0 72806172 3024263 3024263 0 0 0 0 0 0 0 0 0 0 0 0 33203465 0 25318323 0 7885142 0 7885142 7885142 0 0 0 522499 302485 220014 220014 0 0 Miscellaneous 611310 0 0 0 0 676170 676170 0 0 676170 106095638 84611761 0 0 0 32903057 32903057 0 0 0 0 2562281 597552 1505690 459039 0 0 0 0 23229691 19658881 2511044 1059766 1273404 975270 198315 99819 5708434 4512887 889008 306539 1761176 1383188 274278 103710 0 0 0 0 44703 0 44703 0 105025 0 105025 0 15000 0 15000 0 0 0 151502 0 151502 0 7796168 5888212 1629419 278537 340309 251624 88685 0 1703716 1126471 548088 29157 981549 875959 105590 0 0 0 0 0 3609280 3100039 499860 9381 764226 589103 58493 116630 0 0 0 0 681457 558720 122737 0 663622 648634 14988 0 0 0 0 0 7006896 6791285 215611 0 1092080 672593 419487 0 2162259 1571415 424009 166835 94555835 82104890 9821532 2629413 0 0 9602904 16159527 16145877 17027994 1931120 1301894 0 0 0 0 1310210 7293378 662900 660123 693453 376462 278349490 100822848 175986152 177526642 79411838 85743031 4926949 3892334 14647730 14899850 723723 2992601 306042856 327873836 4276309 4559902 1361247 1027020 1358954 1717428 64913165 64334254 0 0 0 0 14812710 14793514 86722385 86432118 X 140264384 147484348 79056087 93957370 219320471 241441718 306042856 327873836 X 11539803 10169975 0 151502 0 259967 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 15000 1 0 0 0 15000 0 Schedule C, Part II-B, Line 1 Westmont College periodically seeks to influence State legislation it considers detrimental to its operations. The college is a member of an association of like-minded colleges and universities that have come together to lobby against such legislation. The college paid $15,000 as part of its membership in the organization. 60400 6972164 0 0 X X X X X Education and instruction 0 78071096 2363663 18293633 0 3580441 0 95147951 80673157 1107425 2240422 0 5949908 0 78071096 85110102 1502973 1425634 0 7365552 0 80673157 85008207 1726442 7010509 0 6733633 0 87011525 77847206 1781584 8356642 0 2977225 0 85008207 0.368 0.604 0.028 0 0 0 53533629 53533629 0 181187016 90740563 90446453 0 0 0 0 0 22481939 10082285 12399654 0 21146906 0 21146906 177526642 0 Faculty Housing Commitments 13559149 Liability under split interest agreements 845007 Annuities payable 389358 14793514 X 83605665 10169975 0 0 -32903057 -22733082 106338747 151502 -394611 -243109 106095638 61468878 0 0 0 -34553 -34553 61503431 151502 32900902 33052404 94555835 Schedule D, Part III, Line 4 The college collection of art is held for public display and instruction. Schedule D, Part V, Line 4 Endowment funds generate income to fund scholarships and certain programs. Schedule D, Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed Schedule D, Part XI, Line 2d The accounting standards state that tuition discounts are applied to the Tuition and Fees revenues on the face of the Statement of Activities Schedule D, Part XI, Line 4b Financial Aid discounts that are reported as a reduction to Tuition and Fee revenues on the face of the Statement of Activities, but in the 990 are reported as expense. Schedule D, Part XII, Line 2d Westmont Foundation expenses and miscellaneous reclassifications Schedule D, Part XII, Line 4b Financial aid discounts consisting of student scholarship and grants 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 In our Notice of Nondiscrimination webpage and other public materials we state....Westmont College complies with federal, state and local laws and regulations that prohibit discrimination against, or harassment of, protected classes of individuals such as the Civil Rights Act of 1964 and similar laws. Westmont does not unlawfully discriminate on the basis of race, color, national origin.... Schedule E, Part I, Line 6 The college receives scholarship and loan funds from the Federal government for the benefit of specific students credited to the students' accounts as payments for the students' bills. 1 Grants and scholarships 1260 32937419 0 Cash value of credits to the students' accounts Schedule I, Part I, Line 2 Institutional scholarships and grants are monitored by disbursing funds from financial aid to the business office. Schedule I, Part III Institutional grants and scholarships are monitored by disbursing funds from the Financial Aid Office to the Business Office. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Gayle Beebe President 321614 0 0 0 11424 0 22513 0 15985 0 371536 0 380242 0 Douglas Jones Vice President for Finance 211310 0 0 0 33838 0 14792 0 15985 0 275925 0 281823 0 Reed Sheard VP for Advancement and CIO 215815 0 0 0 6000 0 15107 0 15985 0 252907 0 259039 0 Irene Neller Vice President for Enrollment, Marketing and Communications 199036 0 0 0 20000 0 13932 0 0 0 232968 0 269707 0 Mark Sargent Provost 154538 0 0 0 53491 0 10817 0 10900 0 229746 0 268737 0 Edith Schulze Vice President for Student Life 178437 0 0 0 18000 0 12491 0 8194 0 217122 0 221092 0 Stephen Baker Associate Vice President for Advancement 159463 0 0 0 0 0 11162 0 17353 0 187978 0 191892 0 David Hernandez Director of Health Services 158026 0 0 0 0 0 11062 0 9358 0 178446 0 183446 0 Rick Ifland Interim Provost and Director of Eaton Center 148852 0 0 0 1586 0 10420 0 8187 0 169045 0 160785 0 Judy Larson Director of Westmont Ridley Tree Museum 145270 0 0 0 0 0 10169 0 8195 0 163634 0 167066 0 Paul Larson Controller 140426 0 0 0 0 0 9830 0 242 0 150498 0 165417 0 Patti Hunter Vice Provost and Professor of Mathematics 134096 0 0 0 0 0 9387 0 0 0 143483 0 0 0 Schedule J, Part I, Line 1a Members of the Board of Trustees are invited and encouraged to bring their spouse to the Board meetings which occur three times per year. Additionally, the President's spouse travels with him occasionally. The Presidents residence located on campus is used frequently for college events and he is required to live there for the convenience of the institution. The President has a membership at a local country club that is primarily used for business purposes. Schedule J, Part I, Line 3 The President's compensation is reviewed and approved annually by the Personnel Committee of the Board of Trustees. The Personnel Committee consists of only independent members of the board. The Committee reviews multiple national and regional private college presidential compensation studies as benchmarks for determining the compensation of Westmont's President. Similarly, national and regional private college compensation studies are consulted by the President prior to determining the salaries of senior executives of the college and recommending those amounts to the Personnel Committee of the Board of Trustees. Compensation related actions of the Personnel Committee are captured in writing. A California Municipal Finance Authority 201563466 000000000 2016-11-17 80000000 Financing of construction and refunding prior issue 0 0 0 A 16970175 0 76970175 0 0 0 753000 0 0 19064500 57152675 0 2017 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 Schedule K, Part I, Column f-11/17/2016 80,000,000 California Municipal Finance Authority The Bonds were issued as draw down bonds, and proceeds of the initial draw were used to reimburse a draw on a line of credit that was used to currently refund the portion of issuers Variable Rate Demand Revenue Bonds (Westmont College) Series 2010A maturing in the year 2040 and outstanding at the time in the amount of $57,000,000. These bonds were originally issued on January 27, 2010. X 3 60400 Appraisal X 39 1185143 Public exchange X Various low value/ un-appraised works of Art 32 4656 Most entered for value of 1 cent, others appraised less than $5,000 0 1 0 Form 990, Part III, Line 3 During the COVID19 pandemic, the college ceased international educational travel programs. Form 990, Part VI, Section B, Line 11b The tax return is presented to the finance committee of the board of trustees for review and approval prior to submission and the entire board receives a copy before filing. Form 990, Part VI, Section B, Line 12c All trustees and employees of Westmont College annually certify as to whether or not they have any direct or indirect conflicts of interest. If a conflict exists at the time of certification or is identified subsequent to certification, such disclosures are taken to the Chair of the Board of Trustees, who then consults with the Board Executive Committee, for those matters involving trustees, and to the President, who then consults with the Executive Team, for those matters involving employees. Decisions of t he Executive Committee and the Executive Team on these matters rest in their sole discretion. A process exists for anyone who believes the conflict of interest policy has not been followed or may have been violated, to report that information. Form 990, Part VI, Section B, Line 15 The President's compensation is reviewed and approved annually by the Personnel Committee of the Board of Trustees. The Personnel Committee consists of only independent members of the board. The Committee reviews multiple national and regional private college presidential compensation studies as benchmarks for determining the compensation of Westmont's President. Similarly, national and regional private college compensation studies are consulted by the President prior to determining the salaries of senior executives of the college and recommending those amounts to the Personnel Committee of the Board of Trustees. Form 990, Part VI, Section C, Line 19 Copies of documents and policies can be obtained by contacting the Office of the Vice President for Finance 805 565 6048 Form 990, Part XI, Line 9 Change in actuarial value The Westmont College Foundation 955 La Paz Road Santa Barbara CA 93108 770000241 Fund raising CA 501(c)(3) 12b Westmont College 1 Charitable Remainder Trusts (10) 955 La Paz Road Santa Barbara CA 93108 Manage Trust CA Westmont College C Pooled Income Fund (1) 955 La Paz Road Santa Barbara CA 93108 Manage Trust CA Westmont College C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Westmont College Foundation s 75667 The Foundation determines the amount to transfer to the college. Westmont College was granted a filing extension to April 15, 2022.