2021-04-07T07:46:20-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 410694747 CARLETON COLLEGE CARL 5072224000 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 ERIC RUNESTAD VP & TREASURER 5072224000 2021-03-06 1 KAREN GRIES P00078514 6123764500 2021-03-06 2019 2022-09-23 18:48:47Z STEVEN G POSKANZER ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 284277023 0 X WWW.CARLETON.EDU X 1866 MN TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. 32 31 2981 3341 145781 0 45784488 51715968 136446773 134255679 53031615 52273964 3938693 2022259 239201569 240267870 44235080 47310107 0 0 85165844 88567401 0 0 6679297 66982365 63549425 196383289 199426933 42818280 40840937 1437200057 1414260160 189893468 180462090 1247306589 1233798070 X SEE SCHEDULE O.CARLETON COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE, LOCATED IN NORTHFIELD, MINNESOTA, BEST KNOWN FOR ITS ACADEMIC EXCELLENCE AND WARM, WELCOMING CAMPUS COMMUNITY. CARLETON OFFERS 33 MAJORS AND 37 MINORS IN THE ARTS, HUMANITIES, NATURAL SCIENCES, MATHMATICS, AND SOCIAL SCIENCES.THE CARLETON COLLEGE MISSION IS TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE IS DEVOTED TO ACADEMIC EXCELLENCE, DISTINGUISHED BY THE CREATIVE INTERPLAY OF TEACHING, LEARNING, AND SCHOLARSHIP AND IS DEDICATED TO A DIVERSE RESIDENTIAL COMMUNITY AND EXTENSIVE INTERNATIONAL ENGAGEMENTS. 0 0 112575800 47111456 115746003 CARLETON COLLEGE EXISTS TO PROVIDE AN EXCEPTIONAL LIBERAL ARTS EDUCATION FOR STUDENTS, PREPARING FOR LEADERSHIP IN THEIR COMMUNITIES, COUNTRIES AND THE WORLD (1,996 STUDENTS). A STUDENT-FACULTY RATIO OF 9:1 SUPPORTS CLASSROOM, LABORATORY, OFF-CAMPUS STUDY AND RESEARCH OPPORTUNITIES. AVERAGE CLASS SIZE IS 16. 75% OF GRADUATES STUDY OFF-CAMPUS, DOMESTICALLY OR INTERTNATIONALLY. STUDENT FINANCIAL AID PROGRAMS - CARLETON MEETS 100% OF THE DEMONSTRATED FINANCIAL NEED OF ALL ADMITTED STUDENTS (1,789 STUDENTS). 21397090 0 0 ACADEMIC SUPPORT - PROGRAMS TO ENHANCE THE CARLETON LIBERAL ARTS EXPERIENCE WITH LIBRARY AND INFORMATION TECHNOLOGY RESOURCES (1,996 STUDENTS). 15240051 0 17562472 AUXILIARY ENTERPRISES - CARLETON COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY (1,804 STUDENTS). 16631271 80000 0 STUDENT SERVICES PROGRAMS - PROGRAMS DESIGNED TO SUPPORT THE CARLETON COLLEGE STUDENT LIFE EXPERIENCE INCLUDING CO-CURRICULAR AND RECREATIONAL OPPORTUNITIES (1,996 STUDENTS) 4722910 52555 0 RESEARCH - FACULTY AND STUDENT RESEARCH TO ENHANCE THE ACADEMIC INSTRUCTIONAL EXPERIENCE. 1033262 66096 947204 SUMMER ACADEMIC PROGRAMS - PROGRAMS FOR HIGH SCHOOL STUDENTS AND WORKSHOPS FOR TEACHERS OF ADVANCED PLACEMENT ENRICHED OR ACCELERATED CLASSES IN GRADES 7-12 TO DEVELOP SKILLS FOR RIGOROUS ACADEMIC PROGRAMS (905 ATTENDEES). 22387443 198651 947204 171600384 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 X 509 0 2981 1 1 1 1 FR NZ SP IN ET 0 0 0 0 1 1 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN NH WA X X ERIC RUNESTAD 5072224000 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 KELSEY DESHLER CHIEF INVESTMENT OFFICER 60.00 0.00 X 662584 0 61949 STEVEN G POSKANZER PRESIDENT 60.00 0.00 X X 501366 0 109975 THOMAS BONNER VP FOR EXTERNAL RELATIONS 60.00 0.00 X 348313 0 60211 FREDERICK A ROGERS VP AND TREASURER 60.00 0.00 X 352662 0 48766 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 40.00 0.00 X 342367 0 53836 BEVERLY NAGEL DEAN OF THE COLLEGE 60.00 0.00 X 324466 0 41732 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE AND DEAN OF STUDENTS 60.00 0.00 X 193568 0 76606 ELISE ESLINGER CHIEF OF STAFF 40.00 0.00 X 195236 0 46200 JULIE J NEIWORTH PROFESSOR OF NATURAL SCIENCES AND PSYCHOLOGY 40.00 0.00 X 195152 0 35084 MARK MCKONE PROFESSOR OF BIOLOGY 40.00 0.00 X 192466 0 17231 ART D RODRIGUEZ VP AND DEAN OF ADMISSIONS AND FINANCIAL AID 60.00 0.00 X 164605 0 28738 WALLACE R WEITZ CHAIR 8.00 0.00 X 0 0 0 CAROL BARNETT VICE CHAIR 8.00 0.00 X 0 0 0 CATHY PAGLIA VICE CHAIR 8.00 0.00 X 0 0 0 MCKAY BARRA TRUSTEE 5.00 0.00 X 0 0 0 ALAN BAUER TRUSTEE 5.00 0.00 X 0 0 0 LILA CONLEE TRUSTEE 5.00 0.00 X 0 0 0 WILLIAM C CRAINE TRUSTEE 5.00 0.00 X 0 0 0 STEPHEN J DAVIS TRUSTEE 5.00 0.00 X 0 0 0 ARNOLD W DONALD TRUSTEE 5.00 0.00 X 0 0 0 HERBERT A FRITCH TRUSTEE 5.00 0.00 X 0 0 0 LIA GORE TRUSTEE 5.00 0.00 X 0 0 0 CATHERINE L GUNSBURY TRUSTEE 5.00 0.00 X 0 0 0 JOHN F HARRIS TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL J HASENSTAB TRUSTEE 5.00 0.00 X 0 0 0 PAMELA KIECKER ROYALL TRUSTEE 5.00 0.00 X 0 0 0 RICHARD R KRACUM TRUSTEE 5.00 0.00 X 0 0 0 KARL C KWOK TRUSTEE 5.00 0.00 X 0 0 0 LARNZELL MARTIN JR TRUSTEE 5.00 0.00 X 0 0 0 TRACE H MCCREARY TRUSTEE 5.00 0.00 X 0 0 0 LAIRD MCCULLOCH TRUSTEE 5.00 0.00 X 0 0 0 JENINNE C MCGEE TRUSTEE 5.00 0.00 X 0 0 0 STEVEN C PARRISH TRUSTEE 5.00 0.00 X 0 0 0 ROLF S PETERS TRUSTEE 5.00 0.00 X 0 0 0 NICHOLAS J PUZAK TRUSTEE 5.00 0.00 X 0 0 0 LISE N REVERS TRUSTEE 5.00 0.00 X 0 0 0 DAVID B SMITH JR TRUSTEE 5.00 0.00 X 0 0 0 FRANCES L SPANGLER TRUSTEE 5.00 0.00 X 0 0 0 ALISON M VON KLEMPERER TRUSTEE 5.00 0.00 X 0 0 0 JUSTIN B WENDER TRUSTEE 5.00 0.00 X 0 0 0 CANDACE E WILLIAMS TRUSTEE 5.00 0.00 X 0 0 0 JOHN L YOUNGBLOOD TRUSTEE 5.00 0.00 X 0 0 0 3472785 0 580328 173 0 1 0 MCGOUGH CONSTRUCTION CO 2737 FAIRVIEW AVENUE NORTH ST PAUL MN 55113 GENERAL CONTRACTOR 38498734 BON APPETIT 100 HAMILTON AVENUE STE 400 PALO ALTO CA 94301 DINING SERVICES 9886871 JE DUNN CONSTRUCTION CO 800 WASHINGTON AVENUE N MINNEAPOLIS MN 55401 GENERAL CONTRACTOR 5199590 TERRA GENERALCONTRACTORS LLC 21025 COMMERCE BLVD ROGERS MN 55374 GENERAL CONTRACTOR 2091802 RIVER CITY BUILDERS PO BOX 7 NERSTRAND MN 55053 GENERAL CONTRACTOR 1118108 51 5414184 46301784 21581312 51715968 TUITION AND FEES 611710 115746003 115746003 ROOM AND BOARD 611710 17562472 17562472 SUMMER TEACHING INSTIT 611310 947204 947204 134255679 16474856 16474856 74396 74396 372069 558563 -186494 -186494 8405 -194899 79193673 56025 40528831 2921759 38664842 -2865734 35799108 35799108 OTHER REVENUE 900099 1859770 1859770 WIND TURBINE 221000 137376 137376 INSURANCE RECOVERIES 900099 137211 137211 2134357 240267870 134255679 145781 54150442 132555 132555 47177552 47177552 3700830 588042 2538362 574426 62971668 54854851 4589529 3527288 5967799 4934764 630976 402059 11418805 9628565 1044822 745418 4508299 3787647 443379 277273 151848 151848 93946 93946 8400731 8400731 2536025 1728686 529169 278170 59164 9185 49979 7344889 6579346 444947 320596 1787913 1695698 17298 74917 4743279 4743279 7132494 6479630 350325 302539 889542 633837 120318 135387 5544386 5544386 12323937 12197018 126919 995456 559768 435688 STUDENT DINING SERVICES 6329307 6329307 MISCELLANEOUS EXPENSES 3609081 3048591 547797 12693 MEMBERSHIP FEES 1607427 947677 631219 28531 199426933 171600384 21147252 6679297 169442154 105562653 23832652 17581350 2222260 2174721 572421 542756 2501593 1638343 525040178 187266999 314226628 337773179 341820664 370875027 563987108 561569280 4956665 3880582 13637912 12662269 1437200057 1414260160 19958426 19860279 4594208 6616978 138619834 128569517 3592920 2206259 23128080 23209057 189893468 180462090 X 556232598 596503606 691073991 637294464 1247306589 1233798070 1437200057 1414260160 X 40840937 -53565549 -783907 X 0 1 X 1 1 1 X 40592157 59994718 53399185 45784488 51715968 251486516 40592157 59994718 53399185 45784488 51715968 251486516 28861682 222624834 8823217 10080664 11224665 15504330 16995717 62628593 2725350 2594045 1922585 7241980 321357089 660155393 0.69280 0.70840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 2,725,350. 2018 AMOUNT: $ 2,594,045. 2019 AMOUNT: $ 1,922,585. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 1 1 1 101846 1 1 0 101846 0 PART II-B, LINE 1: COLLEGE RELATIONS OCCASIONALLY CONTACT LEGISLATORS TO EXPRESS THE COLLEGE'S VIEWS ON PENDING LEGISLATION WHICH WOULD AFFECT THE COLLEGE. COSTS INCURRED IN CONNECTION WITH THESE ACTIVITIES ARE INSIGNIFICANT AND NO SEPARATE ACCOUNT IS MADE FOR THESE COSTS. IN ADDITION, STUDENTS PARTICIPATE IN A VOLUNTEER ACTIVITY SPONSORED BY THE MINNESOTA PRIVATE COUNCIL (MPCC) CALLED "DAY AT THE CAPITAL" TO DISCUSS THE IMPORTANCE OF THE STATE GRANT PROGRAM WITH REPRESENTATIVES. COSTS INCURRED BY THE COLLEGE TO SUPPORT THIS PROGRAM ARE DE MINIMUS. CARLETON 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, INCLUDED, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTEREST OF PRIVATE HIGHER EDUCATION. CARLETON COLLEGE PAID MEMBER DUES TO MPCC IN THE AMOUNT OF $130,352 DURING THE TAXABLE YEAR. MPCC HAD DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2020 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 501(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 SUPPORT BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NONLOBBYING ACTIVITIES. MPCC HAD DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 78.13% OF THE AMOUNT OF 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, $101,846 OF CARLETON COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM CARLETON COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 100000 100000 0 0 X X X 0 0 1 X 907276053 23090538 -2606087 11188431 31625670 7670178 877276225 894233503 29076410 32053614 10756962 30048391 7282121 907276053 837308012 29763471 72580595 9673465 29310035 6435075 894233503 739622548 30968061 110876006 9133556 27960493 7064554 837308012 784690360 7573357 -9371797 9135660 27138149 6995563 739622548 0.35520 0.31200 0.33280 1 0 3785214 3785214 392708469 109995574 282712895 90267892 77271425 12996467 38278603 38278603 337773179 PRIVATE EQUITY 152933674 F HEDGE FUNDS 236226562 F REAL ASSETS 115610067 F PLANNED GIFT AGREEMENTS AND OTHER 56798977 F 561569280 ANNUITIES PAYABLE 20093355 ASSET RETIREMENT OBLIGATION 3115702 23209057 X 130898694 -53565549 -225344 -53790893 184689587 8400731 47177552 55578283 240267870 144407213 558563 558563 143848650 8400731 47177552 55578283 199426933 PART III, LINE 4: CARLETON'S ART COLLECTION IS FOR STUDENT RESEARCH AND STUDY INCLUDING COLLEGE ARCHIVES OF INSTITUTIONALLY SIGNIFICANT TREASURES AND LIBRARY COLLECTIONS. PART IV, LINE 2B: THE COLLEGE REPORTS ON FORM 990, PART X, LINE 21 AMOUNTS HELD FOR THE PERKINS LOAN PROGRAM THAT ARE REFUNDABLE TO THE GOVERNMENT AND REPORTED AS A LIABILITY ON THE COLLEGE'S FINANCIAL STATEMENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE TO SUPPORT GRANTS TO STUDENTS AND THE PROGRAM SERVICES OF THE COLLEGE. PART X, LINE 2: THE COLLEGE QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS RECORDED NO OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES ARE REQUIRED AS OF JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 134,718. NET CHANGE IN ANNUITY & LIFE INCOME FUNDS -918,625. RENTAL EXPENSES 558,563. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 47,177,552. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 558,563. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 47,177,552. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE USES PAPER AND BROADCAST MEDIA IN SOLICITATION OF STUDENTS. WE PUBLICIZE OUR NONDISCRIMINATORY POLICY IN ALL PRINTED BROCHURES, MAGAZINES, APPLICATION MATERIAL AND WEBSITE INFORMATION. SCHEDULE E, PART I, LINE 6 CARLETON COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION. CARLETON 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, CARLETON STUDENTS RECEIVE FUNDING FROM THE MINNESOTA STATE GRANT, WORK-STUDY AND SELF LOAN PROGRAMS ADMINISTERED THROUGH THE MINNESOTA OFFICE OF HIGHER EDUCATION. CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS N/A 234788996 SUB-SAHARAN AFRICA 0 0 INVESTMENTS N/A 10310104 NORTH AMERICA 0 0 INVESTMENTS N/A 4137327 EUROPE 0 0 INVESTMENTS N/A 26813232 SOUTH ASIA 0 0 PROGRAM SERVICES OCS - BUDDHIST STUDIES IN BODH GAYA 383690 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES OCS - GEOLOGY IN NEW ZEALAND 391998 EUROPE 0 0 PROGRAM SERVICES OCS - SPORT AND GLOBALIZATION IN LONDON AND SEVILLE 365239 EUROPE 0 0 PROGRAM SERVICES OCS - HISTORY OF COMPUTING IN ENGLAND 351022 EUROPE 0 0 PROGRAM SERVICES OCS - ART HISTORY IN EUROPE 334531 EUROPE 0 0 PROGRAM SERVICES OCS - COMPARATIVE WOMEN'S AND GENDER STUDIES IN EUROPE 281257 EUROPE 0 0 PROGRAM SERVICES OCS - ECONOMICS AND EUROPEAN STUDIES IN CAMBRIDGE 275476 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES OCS - POLITICAL ECONOMY AND ECOLOGY IN SOUTHEAST ASIA 271557 EUROPE 0 0 PROGRAM SERVICES OCS - IRISH STUDIES IN IRELAND 213239 EUROPE 0 0 PROGRAM SERVICES OCS - GERMAN STUDIES IN BERLIN 194506 EUROPE 0 0 PROGRAM SERVICES OCS - ENGLISH LITERATURE AND THEATER IN LONDON 183608 EUROPE 0 0 PROGRAM SERVICES OCS - SPANISH STUDIES IN MADRID 169484 0 0 0 0 0 0 277541608 1923658 279465266 1 0 1 1 1 0 PART I, LINE 3: THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES ON PART I. PART III ACCOUNTING METHOD: 1 CITY OF NORTHFIELD 801 WASHINGTON STREET NORTHFIELD MN 55057 416005424 GOVT ENTITY 80000 0 N/A N/A COMMUNITY ENGAGEMENT FLORIDA A & M UNIVERSITY 1700 LEE HALL DR RM 201 TALLAHASSEE FL 32307 590977035 501(C)(3) 18150 0 N/A N/A NSF SUBAWARD - STEP CENTER: INTEGRATE: INTERDISCIPLINARY TEACHING OF GEOSCIENCE FOR A SUSTAINABLE FUTURE WILLIAMS COLLEGE 880 MAIN STREET HOPKINS HALL WILLIAMSTOWN MA 01267 042104847 501(C)(3) 15721 0 N/A N/A NSF SUBAWARD - QUANTITATIVE SKILL BUILDING: EXPLORING, ADAPTATION AND ADOPTION REGENTS OF UNIVERSITY OF CALIFORNIA 9500 GILMAN DRIVE LA JOLLA CA 92093 956006144 501(C)(3) 18684 0 N/A N/A NSF SUBAWARD - DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZAITON IN BIOCHEMISTRY. 4 0 STUDENT SCHOLARSHIPS 1789 47177552 0 N/A N/A PART I, LINE 2: GRANTS TO ORGANIZATIONS REQUIRE QUARTERLY PROGRAM REPORTING INCLUDING A NARRATIVE AND FINANCIAL SUMMARY THAT IS REVIEWED BY THE PROGRAM DIRECTOR. SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE COLLEGE'S POLICY. SCHEDULE I, PART II, COLUMN (H): NSF SUBAWARD - STEP CENTER/INTEGRATE: INTERDISCIPLINARY TEACHING OF GEOSCIENCE FOR A SUSTAINABLE FUTURE X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KELSEY DESHLER CHIEF INVESTMENT OFFICER 341942 0 312500 0 8142 0 28000 0 33949 0 724533 0 0 0 STEVEN G POSKANZER PRESIDENT 475779 0 0 0 25587 0 28000 0 81975 0 611341 0 0 0 THOMAS BONNER VP FOR EXTERNAL RELATIONS 337848 0 0 0 10465 0 28000 0 32211 0 408524 0 0 0 FREDERICK A ROGERS VP AND TREASURER 313825 0 0 0 38837 0 28000 0 20766 0 401428 0 0 0 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 246261 0 80000 0 16106 0 25500 0 28336 0 396203 0 0 0 BEVERLY NAGEL DEAN OF THE COLLEGE 316170 0 0 0 8296 0 28000 0 13732 0 366198 0 0 0 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE AND DEAN OF STUD 193028 0 0 0 540 0 20952 0 55654 0 270174 0 0 0 ELISE ESLINGER CHIEF OF STAFF 193030 0 0 0 2206 0 20375 0 25825 0 241436 0 0 0 JULIE J NEIWORTH PROFESSOR OF NATURAL SCIENCES AND PS 156524 0 0 0 38628 0 16173 0 18911 0 230236 0 0 0 MARK MCKONE PROFESSOR OF BIOLOGY 169900 0 0 0 22566 0 16990 0 241 0 209697 0 0 0 ART D RODRIGUEZ VP AND DEAN OF ADMISSIONS AND FINANC 124252 0 0 0 40353 0 13000 0 15738 0 193343 0 0 0 PART I, LINE 1A STEVEN POSKANZER: RESIDENCE FOR PERSONAL USE AND HOUSE CLEANING SERVICE, NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. STEVEN POSKANZER: SOCIAL CLUB DUES AND GROSS UP OF LEGAL REIMBURSEMENT, INCLUDED IN TAXABLE COMPENSATION. FREDERICK A. ROGERS: HOUSING ALLOWANCE, INCLUDED IN TAXABLE COMPENSATION. CAROLYN LIVINGSTON: RESIDENCE FOR PERSONAL USE, NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. PART I, LINE 7 KELSEY DESHLER RECEIVED A BONUS IN CALENDAR YEAR 2019 IN THE AMOUNT OF $312,500 THAT WAS BASED ON BOTH THE 2018 AND 2019 INCENTIVE PLANS. A MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 410988525 60416H3W2 2017-05-24 124900000 SEE PART VI 1 0 0 A 23300300 139670300 756612 70000000 45913688 1 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 A 0 0 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES, COLUMN (F) (A) DESCRIPTION OF PURPOSE: WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY INFRASTRUCTURE IMPROVEMENTS & ADDITIONS X 1 100000 APPRAISAL X 139 19011312 FMV X 1 2470000 APPRAISAL 1 0 1 1 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN (B). PART I, LINE 32B: THE COLLEGE WILL RETAIN AN ATTORNEY FOR NON CASH REAL ESTATE GIFTS AND A BROKER FOR PUBLICLY TRADED SECURITIES, AS NEEDED. FORM 990, PART VI, SECTION A, LINE 1 THE COLLEGE'S EXECUTIVE COMMITTEE INCLUDES THE CHAIR OF EACH BOARD COMMITTEE AND THE PRESIDENT. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE COLLEGE EXCEPT THAT UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, ALTER BYLAWS, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED THE FORM IN ITS ENTIRETY TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO SUBMITTING IT TO THE IRS. THE FORM 990 IS ALSO INCLUDED ON THE BOARD OF TRUSTEES' WEBSITE AND PROVIDED WITH THE BOARD MATERIALS FOR ALL BOARD MEMBERS TO REFERENCE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. SUCH INTERESTS INCLUDE A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES OR OTHER ORGANIZATIONS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS; 3) A COMPETITIVE BID FOR COMPARABLE VALUATION EXISTS; AND 4) THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. INDIVIDUALS WITH AN IDENTIFIED CONFLICT OF INTEREST ARE RESTRICTED IN HOW THEY ARE ALLOWED TO PROCEED WITH THE TRANSACTION. THE INDIVIDUALS ARE ALLOWED TO PARTICIPATE IN THE DISCUSSION, BUT NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED ANNUALLY BY THE HUMAN RESOURCES SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. THE LAST REVIEW TOOK PLACE IN MAY 2020. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. THE INDEPENDENT REVIEW WAS WAS COMPLETED IN MAY 2020. A FORMAL REVIEW OF COMPENSATION IS CONDUCTED ANNUALLY. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. THE COLLEGE USES THE PROCESS TO REVIEW THE FOLLOWING POSITIONS: VICE PRESIDENT & TREASURER, VICE PRESIDENT OF EXTERNAL RELATIONS, VICE PRESIDENT & DEAN OF THE COLLEGE, VICE PRESIDENT & DEAN OF ADMISSIONS, VICE PRESIDENT OF STUDENT LIFE & DEAN OF STUDENTS, CHIEF OF STAFF, CHIEF INVESTMENT OFFICER, AND DIRECTOR OF INVESTMENTS. THE PRESIDENT SUBMITS SALARY RECOMMENDATIONS FOR THE VICE PRESIDENTS, THE CHAIR OF THE INVESTMENT COMMITTEE SUBMITS RECOMMENDATIONS FOR THE CHIEF INVESTMENT OFFICER, & THE CHIEF INVESTMENT OFFICER SUBMITS RECOMMENDATIONS FOR THE DIRECTOR OF INVESTMENTS TO BOTH THE HUMAN RESOURCES SUBCOMMITTEE AND THE EXECUTIVE COMMITTEE FOR APPROVAL. THE LAST REVIEW OF ALL EXECUTIVE POSITIONS TOOK PLACE IN MAY 2020. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. THE INDEPENDENT REVIEW WAS WAS COMPLETED IN MAY 2020. FORM 990, PART VI, SECTION C, LINE 19 CARLETON'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 134,718. NET CHANGE IN ANNUITY & LIFE INCOME FUNDS -918,625. 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