2021-04-14T13:48:33-07:00 2020-05-31 990 2019-06-01 420680389 SIMPSON COLLEGE SIMP 5159611398 701 N C St Indianola IA 50125 Mason Sander Controller 5159611579 2021-03-17 2019 2022-09-23 18:48:47Z President Marsha Kelliher 701 North C Street Indianola IA 50125 65690342 0 X www.simpson.edu X 1860 IA Simpson College is an independent, selective, church-related, comprehensive liberal-arts college dedicated to excellence in higher education. Our Mission: Through innovative learning opportunities, individual student attention, and an unwavering commitment to inclusive educational access, Simpson College cultivates a diverse community of learners to lead lives of meaning and purpose. Our Vision Statement: To be nationally recognized as the quintessential liberal arts college of the Greater Des Moines area, transforming students through welcoming communities, exceptional programs, and distinctive opportunities. 45 44 1335 0 42702 0 3775679 4711572 55456471 53529043 4807826 2603028 543696 374758 64583672 61218401 26244075 26694779 0 0 21136742 20104609 0 0 918503 17866281 17581220 65247098 64380608 -663426 -3162207 151049652 150227314 34559672 37095369 116489980 113131945 Simpson College is an independent, selective, church-related, comprehensive liberal-arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse, and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service, and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 0 0 26694779 26694779 0 Scholarship Programs: Scholarships and grants to students. (1,105 students) 15321136 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students (1,359 students) 9614884 0 0 Student Services Programs: Student Services, including student development, academic and career counseling, college chaplain, intercollegiate athletics, financial assistance and other services, was provided to full and part-time students. (1,359 students) 6740049 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (1,359 students) 6740049 0 0 58370848 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1789 0 1 1335 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 45 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Mason Sander 5159611579 701 N C St Indianola IA 50125 Jay K Simmons President 40 0 X 342450 0 80117 Robert J Lane Vice President for College Advancement 40 0 X 161847 0 20530 Catherine A Hoch Vice President for Business & Finance 40 0 X 132113 0 18084 Deborah J Tierney Vice President for Enrollment 40 0 X 126333 0 14959 Heidi Levine Vice President for Student Development 40 0 X 109756 0 23857 Tracie L Pavon Assistant VP for Enrollment 40 0 X 100471 0 21222 Mark Juffernbruch Accounting Professor 40 0 X 99043 0 12577 Kent A Eaton Senior Vice President and Academic Dean 40 0 X 74979 0 3748 Cheryl Jacobsen Interim Academic Dean 40 0 X 68934 0 401 Tim Bonney Trustee 0.5 0 X 0 0 0 Jay R Byers Trustee 0.5 0 X 0 0 0 Nicole L Crain Trustee 0.5 0 X 0 0 0 Michael DeVito Trustee 0.5 0 X 0 0 0 D Robert Downing Trustee 0.5 0 X 0 0 0 Rick W Exline Trustee 0.5 0 X 0 0 0 Steven C Fiterman Trustee 0.5 0 X 0 0 0 Brianne Fitzgerald Trustee 0.5 0 X 0 0 0 Ben F Gaumer Trustee 0.5 0 X 0 0 0 Denise M Griffey Trustee 0.5 0 X 0 0 0 Joseph D Hall Trustee 0.5 0 X 0 0 0 Laurie Haller Trustee 0.5 0 X 0 0 0 Terry W Handley Trustee, Secretary of the Board 0.5 0 X X 0 0 0 Kamie Downing Haynes Trustee 0.5 0 X 0 0 0 Mark L Hill Trustee 0.5 0 X 0 0 0 John D Hines Trustee 0.5 0 X 0 0 0 Heecheon Jeon Trustee 0.5 0 X 0 0 0 Steven G Johnson Trustee 0.5 0 X 0 0 0 Thomas J Keating Trustee 0.5 0 X 0 0 0 Ronald L Keller Trustee 0.5 0 X 0 0 0 Sean M Kennedy Trustee 0.5 0 X 0 0 0 Jayna Niblock Trustee 0.5 0 X 0 0 0 Izaah JB Knox Trustee 0.5 0 X 0 0 0 Virginia Lauridsen Trustee 0.5 0 X 0 0 0 John T Lawlor Trustee 0.5 0 X 0 0 0 Terrance J Lillis Trustee, Board Chair 0.5 0 X X 0 0 0 Kyle M Liske Trustee 0.5 0 X 0 0 0 Jay T Marshall Trustee 0.5 0 X 0 0 0 Barbara A Miller Trustee 0.5 0 X 0 0 0 Alejandro Munoz Trustee 0.5 0 X 0 0 0 Renee D Murphy Trustee 0.5 0 X 0 0 0 John R Norris Jr Trustee 0.5 0 X 0 0 0 Maribeth Wright Trustee 0.5 0 X 0 0 0 Nile D Ramsbottom Trustee 0.5 0 X 0 0 0 Steven A Ramsey Trustee 0.5 0 X 0 0 0 Sunnie Richer Trustee 0.5 0 X 0 0 0 Robert G Riley Jr Trustee 0.5 0 X 0 0 0 Gary L Ruble Trustee 0.5 0 X 0 0 0 Thomas C Shandley Trustee 0.5 0 X 0 0 0 James C Spooner Trustee 0.5 0 X 0 0 0 Deanna Strable-Soethout Trustee, Treasurer of the Board 0.5 0 X X 0 0 0 Kirk J Tyler Trustee 0.5 0 X 0 0 0 Susan E Voss Trustee 0.5 0 X 0 0 0 Juli M Willeman Trustee 0.5 0 X 0 0 0 1215926 0 195495 6 1 1 0 SSC Service Solutions Compass Group USA PO Box 417632 Boston MA 022417632 Facilities Services 3134149 Sodexo Inc Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Services 1857544 Garner Printing 1697 NE 53rd Ave Des Moines IA 50313 Printing services 296350 Ellucian Inc 62814 Collections Center Dr Chicago IL 60693 Information Technology Services 261189 QCI Inc 4300 Westown Pkwy Ste 150 West Des Moines IA 50266 Consulting 229097 11 0 0 25046 0 1198886 3487640 905096 4711572 Tuition and Fees 611310 46033624 46033624 0 0 Residence Halls 721310 3837504 3837504 0 0 Food Services 722210 3080651 3080651 0 0 Conference Program 721000 534753 534753 0 0 Bookstore 451211 42511 42511 0 0 0 0 0 0 53529043 2411174 0 12109 2399065 0 0 0 0 2890 0 0 2890 60207 0 41884 0 18323 0 18323 0 0 18323 4592842 0 4400988 0 191854 0 191854 0 0 191854 39160 25046 29069 10091 0 10091 0 0 0 0 0 0 0 0 0 0 0 0 Finance Charges 611310 107707 107707 0 0 Administrative Cost Reimbursements 611310 55278 55278 0 0 Parking Fees 812930 149050 149050 0 0 31419 826 30593 0 343454 61218401 53841904 42702 2622223 0 0 26694779 26694779 0 0 0 0 885750 133236 529242 223272 0 0 0 0 14272645 12396100 1557816 318729 505503 434351 62005 9147 3370335 2763862 495298 111175 1070376 870279 162660 37437 0 0 0 0 97128 0 97128 0 79024 0 79024 0 0 0 0 0 0 0 100000 0 100000 0 0 0 0 0 379214 184056 195158 0 1021267 675204 283665 62398 623930 270230 337885 15815 0 0 0 0 2332932 2146570 186362 0 590074 478394 76347 35333 0 0 0 0 0 0 0 0 764005 717317 45287 1401 0 0 0 0 3518396 3139092 367557 11747 0 0 0 0 Contracted Services 5192054 5134263 57791 0 Memberships 155820 8711 147109 0 Athletic Teams 848474 848474 0 0 1878902 1475930 310923 92049 64380608 58370848 5091257 918503 305523 3566687 7816980 7753982 2008600 1864564 1384241 1156216 0 0 0 0 0 0 0 0 1421754 1355360 122809738 71756810 53740602 51052928 56148768 57292517 25461961 24222185 2501223 1862875 0 0 260000 100000 151049652 150227314 6037531 9522567 0 0 0 0 22289509 21358363 0 0 0 0 2487388 2533203 0 0 3745244 3681236 34559672 37095369 X 36186168 33202269 80303812 79929676 116489980 113131945 151049652 150227314 -3162207 -195828 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 924 0 0 0 924 0 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent Colleges and Universities (IAICU). As calculated by IAICU, 5% of the 2019-2020 dues paid by the College are attributed to lobby expenditures incurred by the organization 0 121640 0 0 X 0 83808538 765451 2393441 2042737 1638675 100000 83186018 86947836 802421 -298968 1958464 1584287 100000 83808538 84607132 514633 6377808 2513981 1937756 100000 86947836 79823014 876375 8103638 2207057 1888838 100000 84607132 86006393 363249 -3142638 1790932 1513058 100000 79823014 0.14 0.86 0 1 0 260683 2219994 2480677 277178 101608407 55552883 46332702 0 764355 607971 156384 0 17445455 15476419 1969036 119537 114129 119537 114129 51052928 0 F 0 F Interest in Small Cap Equity Funds 1416942 F Interest in International Emerging Markets Stocks 2781228 F Interest in U.S. Fixed Income Funds 1319305 F Interest in International Fixed Income Funds 1529067 F Interest in Private Equity Partnerships 2307225 F Interest in Hedge Funds 11351857 F Beneficial Interest in Trusts 3454789 F Cash Surrender Value of Life Insurance 55422 F Other 6350 F 24222185 0 Student, Personnel and Sundry Deposits 934690 Interest Rate Swap Agreements 612473 U.S. Government Loan Funds Refundable 2134073 3681236 34327794 -195828 0 0 0 -195828 34523622 0 26694779 26694779 61218401 37685829 0 0 0 0 0 37685829 0 26694779 26694779 64380608 Schedule D, Part III, Line 4 The College maintains various artworks utilized primarily for the preservation of the heritage of the College and general public observation. Schedule D, Part V, Line 4 The Simpson College endowment is intended to support the College's students by providing scholarships and loan funds as well as the College by providing support for operations and facilities. Schedule D, Part XI, Line 4b Student aid is netted against tuition and fees in the audited financial statements. Schedule D, Part XII, Line 4b Student aid is netted against tuition and fees in the audited financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 College publications to students, alumni, and friends of the College include a statement of the College's racially nondiscrimination policy. Schedule E, Part I, Line 6 The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. Schedule E, Part I, Line 6a The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. East Asia and the Pacific 0 0 Program Services Student May Term course travel 94971 Europe (including Iceland and Greenland) 0 0 Program Services Semester Abroad course travel 68124 Sub-Saharan Africa 0 0 Program Services Student May Term course travel 3529 South America 0 0 Program Services Student May Term course travel 37965 0 0 204589 0 0 0 0 0 0 Athletic Golf Outing 64206 25046 39160 0 749 9300 10541 0 8479 0 0 64206 25046 39160 0 749 9300 10541 0 8479 29069 10091 1 Scholarships and grants to Simpson College students 1105 26694779 0 Schedule I, Part I, Line 2 Grants or assistance provided is for scholarships and grants to Simpson College students which are applied directly to the student's tuition charges. The Office of Financial Assistance awards scholarships and grants to students based on a variety of different criteria for each scholarship. X 1 1 X X 0 0 0 0 0 0 0 0 0 Jay K Simmons President 241602 0 100000 0 848 0 12342 0 67774 0 422566 0 0 0 Catherine A Hoch Vice President for Business & Finance 132113 0 0 0 0 0 6708 0 11375 0 150196 0 0 0 Robert J Lane Vice President for College Advancement 158530 0 0 0 3317 0 7972 0 12558 0 182377 0 0 0 Schedule J, Part I, Line 1a The President's spouse periodically travels with the President to official college functions. The spouse's travel is paid by the College when the official college functions dictates such participation such as donor relations and alumni events. The President is provided a residence in which he/she is required to live. The residence is regularly used for college functions. As estimated fair value of $27,536 for President Jay Simmons has been included under Form 990 Part VII and Schedule J Part II. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees consists of the Treasurer, Secretary and Chairman of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation and benefits for the President. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a President conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. The data includes information from what Simpson College deems as their peer or comparable colleges and universities. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. A Iowa Higher Education Loan Authority 421235696 2013-06-26 27841842 Various campus buildings and residence hall improvements 0 0 0 A 4852056 0 26316951 0 0 0 133812 0 0 3616028 22567110 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 0 1 1 1 1 Regions Bank 10.4 0 0 0 0 1 A 1 Schedule K, Part II, Line 3-06/26/2013 27,841,842 Iowa Higher Education Loan Authority The total proceeds do not agree to the issue price in Part I, column (e) as this debt was issued on a draw-down basis and the total principal drawn was less than the amount available. The remaining principal will not be drawn. Schedule K, Part IV, Line 2c-06/26/2013 27,841,842 Iowa Higher Education Loan Authority Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary. X 22 871957 FMV X Athletic Fundraising 75 19282 FMV X Misc. Gifts in Kind 8 5361 FMV X use of Vehicle Provided 1 8496 Dealer Lease Rate 0 0 1 1 Schedule M, Part I, Line 32b All stock gifts are received by an outside investment broker. When transactions are received into Simpson's account, the third party communicates the transaction to the Vice President for Business & Finance. The Vice President for Business & Finance then relays to the third party to sell the stock gift. Form 990, Part VI, Section B, Line 11b The return preparer reviewed a draft copy of the Form 990 with the President and Vice President of Business & Finance. The return preparer and the Vice President for Business & Finance then reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made, if applicable, to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions were directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to return filing, a meeting of the Audit and Compliance Committee to the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes, if applicable, were made to the Form 990 at the direction of the Audit and Trustees was held in which management reviews the Form 990 with the Committee. Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers, and key employees are required to disclose annual interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary. Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of the cabinet-level administrators. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a President conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the Compensation package to the President during the year ended in May 2020. Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy and financial statements available to the public.