2021-05-12T11:48:33-05:00 2020-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2019-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE BOAR 5095275411 345 BOYER AVENUE WALLA WALLA WA 993622067 PETER HARVEY CFO 5095275145 2021-05-06 1 TRACY S PAGLIA P00366884 2099556100 2021-05-06 2019 2022-09-23 18:48:47Z KATHLEEN MURRAY 345 BOYER AVENUE WALLA WALLA WA 993622067 272090732 0 X HTTP://WWW.WHITMAN.EDU X 1859 WA PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. 21 20 1874 445 3004066 0 17716679 19939744 91266357 95165193 10100305 21739805 1130994 1389906 120214335 138234648 31779712 34744530 0 0 51594409 54057504 0 0 3726769 48599413 54894332 131973534 143696366 -11759199 -5461718 834429146 862054875 123329588 126702064 711099558 735352811 X THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY TO PASSIONATE AND ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. WHITMAN STUDENTS DEVELOP THEIR INTELLECTUAL AND CREATIVE CAPACITIES IN A SUPPORTIVE SCHOLARLY COMMUNITY THAT PRIORITIZES STUDENT LEARNING WITHIN AND BEYOND THE CLASSROOM. 0 1 61960844 84100479 ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS:1,579 FULL TIME EQUIVALENT STUDENTS402 GRADUATES 34744530 34744530 INSTITUTIONAL FINANCIAL AID:1,359 STUDENTS RECEIVING INSTRUCTIONAL SCHOLARSHIPS596 STUDENTS RECEIVING FEDERAL LOANS OR GRANTS 14623626 11064714 AUXILIARY ENTERPRISES:808 STUDENTS IN COLLEGE-PROVIDED HOUSING762 STUDENTS IN COLLEGE-PROVIDED BOARD PLANS 111329000 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 2589 0 1 1874 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X RONALDO EDWARDS CONTROLLER WHITMAN COLLEGE 5095274936 345 BOYER AVENUE WALLA WALLA WA 99362 NANCY B SERRURIER CHAIR 1.00 X X 0 0 0 JOSEPH C DAVIS VICE CHAIR 1.00 X X 0 0 0 JANICE M ABRAHAM TRUSTEE 1.00 X 0 0 0 MEGAN FERGUSON CLUBB TRUSTEE 1.00 X 0 0 0 CHRISTINA M DAWSON TRUSTEE 1.00 X 0 0 0 RICHARD FADE TRUSTEE 1.00 X 0 0 0 BARBARA SOMMER FEIGIN TRUSTEE 1.00 X 0 0 0 STEPHEN E HAMMOND TRUSTEE 1.00 X 0 0 0 GORDON H KEANE TRUSTEE 1.00 X 0 0 0 PETER T LEWIS TRUSTEE 1.00 X 0 0 0 BRADLEY M MCMURCHIE TRUSTEE 1.00 X 0 0 0 NATHANIEL R MILES TRUSTEE 1.00 X 0 0 0 TRICIA PUTNAM MONTGOMERY TRUSTEE 1.00 X 0 0 0 JAMES R MOORE TRUSTEE 1.00 X 0 0 0 WILLIAM R NEFF TRUSTEE 1.00 X 0 0 0 DEAN ALLEN NICHOLS TRUSTEE 1.00 X 0 0 0 DANA M REID TRUSTEE 1.00 X 0 0 0 CHARLEY W ROSENBERRY TRUSTEE 1.00 X 0 0 0 AKSHAY ANAND SHETTY TRUSTEE 1.00 X 0 0 0 JONATHAN N SPOSATO TRUSTEE 1.00 X 0 0 0 DENISE GARVEY TABBUTT TRUSTEE 1.00 X 0 0 0 JULIA C TAYLOR TRUSTEE 1.00 X 0 0 0 SARAH O WANG TRUSTEE 1.00 X 0 0 0 COURT G WYCKOFF TRUSTEE 1.00 X 0 0 0 KATHLEEN MURRAY PRESIDENT 40.00 X 481000 0 112750 PETER HARVEY CFO 40.00 1.00 X 258921 0 119681 ALZADA TIPTON PROVOST & DEAN OF FACULTY 40.00 X 236045 0 48855 KAZIPUTALIMBA JOSHUA VP DIVERSITY INCLUSION 40.00 X 195151 0 46548 JOSHUA JENSEN VP ENROLLMENT & COMMUNICATIONS 40.00 X 189475 0 28701 DAVID F SCHMITZ FACULTY 40.00 X 182063 0 27805 PATRICK KEEF FACULTY 40.00 X 180559 0 27655 SCOTT KLEINHEKSEL ASSOC VP FOR DEVELOPMENT 40.00 X 170070 0 26459 DAN M TERRIO CHIEF INFORMATION OFFICER 40.00 X 168156 0 36170 KEITH FARRINGTON FACULTY 40.00 X 167168 0 28356 JOHN W BOGLEY FORMER KEY EMPLOYEE 0.00 X 118808 0 19495 2347416 0 522475 70 1 1 0 BON APPETIT PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 6270417 LEONE & KEEBLE PO BOX 2747 SPOKANE WA 99220 CONSTRUCTION 5786056 JACKSON CONTRACTOR GROUP INC PO BOX 967 MISSOULA MT 59806 CONSTRUCTION 845560 PELLA-PWD 2118 N RUBY STREET SPOKANE WA 99207 CONSTRUCTION 676528 ZIMMER GUNSUL FRASCA ARCHITECTS LLP 1223 SW WASHINGTON ST STE 200 PORTLAND OR 97205 ARCHITECTURAL SERVICES 433904 26 1833048 18106696 1558444 19939744 STUDENT TUITION & FEES 616000 84100479 84100479 HOUSING & MEAL SERVICES 611710 9134904 9134904 MISCELLANEOUS INCOME 900099 1067224 1067224 AUXILIARY 611710 862586 862586 95165193 8231631 2999502 5232129 2520552 1135210 1385342 1385342 1385342 146195368 132687194 13508174 13508174 13508174 38244 33680 4564 4564 138234648 95165193 3004066 20125645 33354611 33354611 1389919 1389919 1931284 491362 1065062 374860 38576258 32461870 4477569 1636819 3316433 2911739 248241 156453 7956012 6889224 690033 376755 2277517 1933133 221281 123103 201880 201880 125184 125184 5803 5803 17501702 17501702 11840306 11037317 445449 357540 58271 47722 7737 2812 946405 90198 770586 85621 2089209 1963856 104460 20893 3118340 2507824 483498 127018 2655146 2495838 132757 26551 8157675 7668214 407884 81577 928379 309460 618919 SUPPLIES 5367217 4395978 874069 97170 COMMUNICATIONS 1355625 1110220 179996 65409 PRINTING & PUBLICATION 358997 119666 59833 179498 POSTAGE & SHIPPING 184193 150849 24457 8887 143696366 111329000 28640597 3726769 2258746 2333929 18541947 22245446 20287302 27948197 488267 1160048 260019 272303 1073685 530221 276466861 101382735 175158564 175084126 283806033 315156444 329728873 314831465 1779128 1353050 1046582 1139646 834429146 862054875 11361127 10703435 2251346 1695023 1083979 3233470 70139906 68952064 38493230 42118072 123329588 126702064 X 291208432 297764972 419891126 437587839 711099558 735352811 834429146 862054875 X -5461718 35649543 1056 -5935628 X 0 1 X 1 1 1 X 16276959 9874836 9808964 17716679 19939744 73617182 16276959 9874836 9808964 17716679 19939744 73617182 3933923 69683259 8670232 8067586 8202302 7596764 7752681 40289565 113906747 437014506 0.61180 0.60940 X PART I, LINE 2 WHITMAN COLLEGE ALSO QUALIFIES FOR PUBLIC CHARITY STATUS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4863 1 940 0 0 5803 0 PART II-B, LINE 1: $4,863 IS THE AMOUNT OF DUES PAID TO THE INDEPENDENT COLLEGES OF WASHINGTON ALLOCATED TO LOBBYING EFFORTS FOR ICW. 354320 2558637 X X X X 0 539398364 5906621 57202221 10691838 14777756 16384109 560653503 534871675 7022776 31313093 10009928 14438023 9361229 539398364 492753694 5616288 72799836 9827166 14509468 11961509 534871675 451574678 3489422 72412669 9543650 14078112 11101313 492753694 485516507 3982729 -11935555 8808436 12838589 4341978 451574678 0.30000 0.32000 0.38000 1 0 8171179 8366060 16537239 8511848 242936727 97771871 153676704 5464854 3610864 1853990 457556 2558637 3016193 175084126 COMMINGLED TRUSTS 40294604 F ALTERNATIVE INVESTMENTS 274536861 F 314831465 POST RETIREMENT BENEFIT OBLIGATION 6380654 SPLIT INTEREST AGREEMENTS 13530324 INTEREST RATE EXCHANGES AGREEMENTS 16887000 MED/DENTAL INSURANCE TERMINAL LIABILITY 637433 DEFERRED COMPENSATION 1139646 ASSET RETIREMENT OBLIGATION 924285 REFUNDABLE ADVANCE 2618730 42118072 X 115702788 35649543 1201331 36850874 78851914 17501702 41881032 59382734 138234648 91450591 457 457 91450134 17501702 34744530 52246232 143696366 PART III, LINE 4: THE COLLEGE HAS COLLECTIONS OF WORKS OF ART AND RARE BOOKS THAT ARE UTILIZED BY THE STUDENTS IN THEIR STUDIES AND THE FACULTY IN THEIR RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED SOLELY TO SUPPORT THE MISSION OF WHITMAN COLLEGE FOR COSTS SUCH AS FINANCIAL AID TO STUDENTS, FACULTY SALARIES AND THE LIBRARY. PART X, LINE 2: WHITMAN COLLEGE IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND AS SUCH, IS GENERALLY EXEMPT FROM FEDERAL TAXATION OF INCOME. CONTRIBUTIONS TO THE COLLEGE ARE GENERALLY TAX DEDUCTIBLE. THE PAUL GARRETT WHITMAN COLLEGE FOUNDATION AND THE 21ST CENTURY TRUST ARE SEPARATE TAX ENTITIES THAT ARE CONSOLIDATED IN THESE FINANCIAL STATEMENTS, BOTH OF WHICH ARE QUALIFIED 501(C)(3) ENTITIES. MANAGEMENT BELIEVES THEY HAVE NO UNCERTAIN TAX POSITIONS AND IN ADDITION, UNRELATED BUSINESS INCOME TAX FOR WHITMAN COLLEGE AND PAUL GARRETT WHITMAN FOUNDATION, IF ANY, IS IMMATERIAL. SOME OF THE COLLEGE'S INVESTMENT ACTIVITY MAY GENERATE INCOME SUBJECT TO FEDERAL TAXES. AS OF JUNE 30, 2020, THE COLLEGE HAD ESTIMATED TAX LOSSES OF $2,893,000. THIS LOSS AMOUNT IS CARRIED FORWARD TO OFFSET ANY POSITIVE TAXABLE INCOME IN FUTURE TAX PERIODS AND REPRESENTS A POTENTIAL TAX BENEFIT. THE COLLEGE HAS A VALUATION ALLOWANCE FOR THE ENTIRE TAX BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 1,200,874. TAX PREPARATION FEES INCLUDED IN COGS 457. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS GENERATED FROM ALTERNATIVE INVESTMENTS 2,999,502. NET LOSS ON RATE EXCHANGE AGREEMENTS 4,137,000. INSTITUTIONAL AID 34,744,530. PART XII, LINE 2D - OTHER ADJUSTMENTS: TAX PREPARATION FEES INCLUDED IN COGS 457. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 34,744,530. 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 MAKES ITS POLICY OF NON-DISCRIMINATION KNOWN THROUGH THE COLLEGE WEBSITE, THE ANNUAL CATALOG, AND OTHER MATERIALS. ADDITIONALLY, THE COLLEGE PLACES AN ADVERTISEMENT WHICH DESCRIBES ITS POLICY IN A REGIONAL NEWSPAPER EACH YEAR. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN TO WHITMAN STUDENTS IN THE FORMS OF GRANTS AND LOANS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR RESEARCH EQUIPMENT, STUDY, OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDENT FINANCIAL AID 93053 SOUTH ASIA 0 0 GRANTMAKING STUDENT FINANCIAL AID 21250 NORTH AMERICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 22853 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 24000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 57175 SOUTH AMERICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 176386 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING STUDENT FINANCIAL AID 843193 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING STUDENT FINANCIAL AID 161009 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 26649 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 247595 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 3945 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 121432 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 16091 SOUTH ASIA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 56973 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 259056 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 1448 SOUTH ASIA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 4520 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 66749 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 21458 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 99375 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 1600202 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 274781 NORTH AMERICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 34799 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 253655 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 15300 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 270251215 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 171000 0 0 0 0 0 0 1398919 273526243 274925162 STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 10 93053 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 63 843193 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SOUTH AMERICA 13 176386 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 13 161009 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 3 57175 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 4 24000 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID NORTH AMERICA 2 22853 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SOUTH ASIA 3 21250 WIRE TRANSFER OR CHECK 1 0 1 1 1 0 PART I, LINE 2: THE GRANTMAKING ACTIVITIES SHOWN IN PARTS I AND III INVOLVE COLLEGE FINANCIAL AID FUNDS DELIVERED TO ENROLLED STUDENTS' INDIVIDUAL ACCOUNTS. THE AID IS TO HELP DEFRAY THE COST OF CERTAIN STUDY PROGRAMS TAKING PLACE IN FOREIGN COUNTRIES. ALL SUCH PROGRAMS ARE CLOSELY VETTED BY THE COLLEGE TO ENSURE THE RECIPIENTS ARE OF HIGH ACADEMIC QUALITY AND FINANCIALLY STABLE. ANY AID DELIVERED TO SUCH STUDENTS IS GOVERNED BY THE PROCESSES OUTLINED IN SCHEDULE E. PART I, LINE 3: THE AMOUNT ON PART I, LINE 3, COLUMN (F) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: THE AMOUNT ON PART III, COLUMN (D) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. 1 INSTITUTIONAL FINANCIAL AID 1359 33354611 PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS USING ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLARSHIP MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENTS' FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICES AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 KATHLEEN MURRAY PRESIDENT 470370 0 0 0 10630 0 71500 0 41250 0 593750 0 0 0 PETER HARVEY CFO 258921 0 0 0 0 0 41643 0 78038 0 378602 0 0 0 ALZADA TIPTON PROVOST & DEAN OF FACULTY 236045 0 0 0 0 0 23583 0 25272 0 284900 0 0 0 KAZIPUTALIMBA JOSHUA VP DIVERSITY INCLUSION 195151 0 0 0 0 0 18626 0 27922 0 241699 0 0 0 JOSHUA JENSEN VP ENROLLMENT & COMMUNICATIONS 189475 0 0 0 0 0 19053 0 9648 0 218176 0 0 0 DAVID F SCHMITZ FACULTY 182063 0 0 0 0 0 18157 0 9648 0 209868 0 0 0 PATRICK KEEF FACULTY 180559 0 0 0 0 0 18007 0 9648 0 208214 0 0 0 SCOTT KLEINHEKSEL ASSOC VP FOR DEVELOPMENT 170070 0 0 0 0 0 16331 0 10128 0 196529 0 0 0 DAN M TERRIO CHIEF INFORMATION OFFICER 168156 0 0 0 0 0 17438 0 18732 0 204326 0 0 0 KEITH FARRINGTON FACULTY 167168 0 0 0 0 0 16753 0 11603 0 195524 0 0 0 JOHN W BOGLEY FORMER KEY EMPLOYEE 118808 0 0 0 0 0 11814 0 7681 0 138303 0 0 0 PART I, LINE 1A THE COLLEGE PRESIDENT IS PROVIDED MEMBERSHIPS IN SOCIAL CLUBS BY THE COLLEGE. THE AMOUNTS PAID FOR DUES ARE INCLUDED IN THEIR W-2 AS TAXABLE COMPENSATION. THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, TO MAINTAIN THEIR PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS AND THE PROVISION OF SUCH IS NOT CONSIDERED TAXABLE COMPENSATION. THE PRESIDENT'S PERSONAL RESIDENCE (OWNED BY THE COLLEGE) IS PROVIDED CLEANING SERVICES AND YARD CARE BY THE COLLEGE. THIS IS NOT CONSIDERED TAXABLE COMPENSATION. WHEN THE SPOUSES OR PARTNERS OF KEY EMPLOYEES ACCOMPANY THEM ON COLLEGE-RELATED BUSINESS TRIPS AT THE REQUEST OF THE COLLEGE, THE INCREMENTAL TRAVEL COSTS ARE INCLUDED IN THE EMPLOYEE'S TAXABLE INCOME. THESE PAYMENTS ARE GROSSED UP SO THERE IS NO NEGATIVE TAX EFFECT ON THE EMPLOYEE. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781VM9 2004-11-23 28770000 REFUND A BOND ISSUE FROM 1999 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781A34 2008-06-10 30395000 FACILITIES CONSTRUCTION 0 0 0 C WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781U57 2017-01-05 18315448 FACILITIES CONSTRUCTION 0 0 0 A 28770000 232781 28442263 2004 0 1 1 1 B 7180000 30395000 282842 30000000 2010 0 0 1 1 C 1230448 18315448 376062 221100 17614090 2019 0 0 1 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 1 JP MORGAN 25.000000000000 0 0 0 0 1 B 1 1 1 BNY MELLON 30.000000000000 1 0 1 AIG MATCHING FUND 3.100000000000 1 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 ADAM DAWSON FAMILY MEMBER OF TRUSTEE, CHRISTINA DAWSON 14335 EMPLOYMENT 0 X 6 354320 MARKET VALUE X 23400 MARKET VALUE X 42 1175724 MARKET VALUE X TRAVEL VOUCHERS 1 5000 MARKET VALUE 1 0 1 0 PART I, COLUMN (B): LINE 1 - NUMBER OF ITEMS LINES 9 AND 25 - NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 3 PREVIOUS TO THE CURRENT FISCAL YEAR, THE COLLEGE CONDUCTED ALL CLASSES IN PERSON. AFTER THE COVID PANDEMIC, THE COLLEGE CONVERTED TEMPORARILY TO ONLINE CLASSES MID-SEMESTER IN THE SPRING OF 2020. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC DRAFT COPY IS PROVIDED TO THE AUDIT COMMITTEE VIA THE WHITMAN COLLEGE WEBSITE. THE COMMITTEE DISCUSSES AND PROVIDES INPUT TO MANAGEMENT. THE COMMITTEE NEXT ACCEPTS THE FORM 990 AND IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE TRUSTEES HAVE PROVIDED THEIR INPUT AND ALL QUESTIONS ARE RESOLVED, THE FORM 990 IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASKS EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST, AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE, THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSE, MANAGEMENT FOLLOWS UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED SITUATIONS. MANAGEMENT VERIFIES ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED. ALL THE RESPONSES ARE RETAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE TRUSTEES DELEGATED AUTHORITY FOR SETTING THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD. COMPARABLE DATA FROM PEER INSTITUTIONS WAS USED IN THE DISCUSSION TO SET THE PRESIDENT'S COMPENSATION. THOSE DISCUSSIONS ARE SUMMARIZED IN A MEMO FROM THE CHAIR OF THE BOARD TO THE CFO. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WAS USED TO SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE EXCHANGE AGREEMENTS 1,200,874. CHANGE IN SPLIT INTEREST AGREEMENTS -4,137,000. UBI GAIN FROM PARTNERSHIPS -2,999,502. WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 PROVIDE SUPPORT FOR WHITMAN COLLEGE WA 501(C)(3) LINE 12A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 CHARITABLE LEAD ANNUITY TRUST (1) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 CHARITABLE REMAINDER TRUSTS (31) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 POOLED INCOME FUNDS (3) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0