2020-03-17T22:14:45-07:00 2019-06-30 990 2018-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Robert Tust Associate Treasurer and Controller 5037777505 2020-03-18 134.10.129.125 2018 2020-09-23 17:36:50Z REED COLLEGE Robert Tust 3203 SE Woodstock Blvd Portland OR 97213 252077180 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 36 35 1832 179 -2100000 0 20541413 12728957 90797002 97439946 5189020 27949760 -67416 -71102 116460019 138047561 27159916 29738765 0 0 58930158 60074539 0 0 4275721 35861069 41839630 121951143 131652934 -5491124 6394627 820270782 827059570 165223973 167284372 655046809 659775198 The mission of Reed College is to provide education in the liberal arts and sciences. 0 0 1457076 0 1457076 The Institute had 24 research grants funded with federal funds. Departments funded were Biology, Chemistry, Financial Aid, Math, Computer and Information Science, Psychology, Sociology, Political Science and Neuroscience. 97739151 29738765 80899747 1,440 FTE Students, 349 degrees conferred 18/19. 17948238 0 15083123 Auxiliary services - students living in dorms, using dining facilities and bookstore. 0 0 0 117144465 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1843 0 1832 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X Lorraine Arvin 5037777240 Vice President and Treasurer 3203 SE Woodstock Blvd Portland OR 972028199 Dr Julia P Adams '80 Trustee 1 0 X 0 0 0 Konrad S Alt '81 Trustee 1 0 X 0 0 0 Stephen E Babson Trustee 1 0 X 0 0 0 Matthew P Bergman '84 Trustee 1 0 X 0 0 0 Timothy P Boyle Trustee 1 0 X 0 0 0 M Jane Buchan Trustee 1 0 X 0 0 0 C Morris Copeland '82 Trustee 1 0 X 0 0 0 Thomas O Daniel MD Trustee 1 0 X 0 0 0 Richard J Danzig '65 Trustee 1 0 X 0 0 0 Kurt D Delbene Trustee 1 0 X 0 0 0 Scott E Foster '77 Trustee 1 0 X 0 0 0 Nicholas Galakatos '79 Trustee 1 0 X 0 0 0 Daniel B Greenberg '62 Trustee 1 0 X 0 0 0 Edward Hall '87 Trustee 1 0 X 0 0 0 Dennis Henner Trustee 1 0 X 0 0 0 Linda G Howard '70 Trustee 1 0 X 0 0 0 George M James '77 Trustee 1 0 X 0 0 0 Deborah D Kamali '85 Trustee 1 0 X 0 0 0 Anna Hayes Levin Trustee 1 0 X 0 0 0 Amy M Madigan Trustee 1 0 X 0 0 0 Alex J Martinez '73 Trustee 1 0 X 0 0 0 Linda H Matthews '67 Trustee 1 0 X 0 0 0 Winthrop McCormack Trustee 1 0 X 0 0 0 Adrienne Nelson Trustee 1 0 X 0 0 0 Peter Norton '65 Trustee 1 0 X 0 0 0 Margaret Hill Noto '75 Trustee-Secretary 1 0 X 0 0 0 Eduardo Ochoa '73 Trustee 1 0 X 0 0 0 Darlene D Pasieczny '01 Trustee 1 0 X 0 0 0 Roger M Perlmutter MD '73 Trustee-Chairman 1 0 X 0 0 0 Gary Rieschel '79 Trustee 1 0 X 0 0 0 Dylan Rivera '95 Trustee 1 0 X 0 0 0 John P Sheehy '82 Trustee 1 0 X 0 0 0 Alice Larkin Steiner '74 Trustee 1 0 X 0 0 0 Peter C Stockman '77 Trustee 1 0 X 0 0 0 Richard H Wollenberg '75 Trustee-Vice Chairman 1 0 X 0 0 0 Hugh Porter Acting President 40 0 X X 354132 0 43868 Lorraine Arvin VP and Treasurer 40 0 X 319926 0 29137 Nigel J Nicholson Dean of the Faculty 40 0 X 233915 0 40465 Michael Brody VP & Dean of Student Services 40 0 X 224923 0 39532 Milyon Trulove VP and Dean of Admission and Financial Aid 40 0 X 192009 0 32424 Amanda Heaton Executive Director of Communications and Public Affairs 40 0 X 171046 0 30159 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 40 0 X 170795 0 34500 Myron Angell Director of Facilities Operations 40 0 X 170197 0 25833 Martin Ringle Chief Information Officer 40 0 X 166411 0 25516 Robert Tust Associate Treasurer & Controller 40 0 X 158107 0 32375 John R Kroger President-Former 0 0 X 461831 0 29175 2623292 0 362984 99 1 1 0 Hoffman Construction Company 805 SW Broadway Ste 2100 Portland OR 97205 Construction 12965731 Bon Appetit Suite 100 2730 Sand Hill Road Menlo Park CA 94025 Food service 4801574 Reimers & Jolivette Inc 2344 NW 24th Ave Portland OR 972102132 Construction 2905895 Lux Construction 1522SE Carlton St Portland OR 97202 Construction 965640 Harrassowitz 820 University Blvd South Ste 2C Mobile AL 36609 Library services 950417 19 0 0 0 0 1520442 11208515 6452747 12728957 Tuition and fees 611710 80740753 80740753 0 0 Aux-dorm fees 611710 7155855 7155855 0 0 Aux-cafeteria fees 611710 6255362 6255362 0 0 Aux-bookstore fees 611710 1246817 1246817 0 0 Other fees 611710 2041159 2041159 0 0 0 0 0 0 97439946 3321888 0 -2100000 5421888 266415 0 0 266415 0 0 0 0 291147 0 362249 0 -71102 0 -71102 0 0 -71102 138028827 0 113667370 0 24361457 0 24361457 0 0 24361457 0 0 138047561 97439946 -2100000 29978658 0 0 29738765 29738765 0 0 0 0 1609235 800292 808943 0 0 0 0 0 41186163 34442554 4270146 2473463 3552620 2966618 369125 216877 10636880 8779420 1152018 705442 3089641 2547671 333480 208490 0 0 0 0 292424 83116 206412 2896 209408 60781 146571 2056 0 0 0 0 0 0 0 0 0 0 13041488 11926926 999010 115552 0 0 0 0 7529083 7124245 264742 140096 1187537 1167901 8767 10869 0 0 0 0 2063600 1942260 102974 18366 2468481 2219697 245342 3442 0 0 0 0 0 0 0 0 3264273 3072334 162887 29052 0 0 0 0 5620805 5290302 280478 50025 604596 346687 254341 3568 Post Retiremen Benefit 4152615 3424183 448212 280220 1405320 1210713 179300 15307 131652934 117144465 10232748 4275721 38381 37282 6305180 12523483 8235032 5422813 732569 1046231 0 0 0 0 4578098 3312233 0 0 594631 859504 269476146 105709578 140530243 163766568 138170063 138272319 493699906 498070965 0 0 0 0 27386679 3748172 820270782 827059570 8407632 8581571 0 0 1207121 1517153 110226899 108487069 0 0 0 0 0 0 0 0 45382321 48698579 165223973 167284372 X 360852405 365307967 115378177 111659446 178816227 182807785 655046809 659775198 820270782 827059570 X 6394627 -6698968 0 0 0 5032730 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 555583468 5887789 19616221 8653378 18923206 617552 552893342 516219094 13379574 53942948 8519878 18859390 578880 555583468 473219824 6691816 64132469 8584946 18674692 565377 516219094 523955818 8081620 -32241862 8226779 17788676 560297 473219824 524449466 2111505 22193246 7655882 16603559 538958 523955818 0.52 0.32 0.16 0 0 0 14219852 14219852 0 238969967 90707729 148262238 0 0 0 0 0 16286327 15001849 1284478 0 0 0 0 163766568 0 0 Alternative investments 498070965 F 498070965 Postretirement benefits payable 30180942 Liability for split-interest agreements 11683765 Refundable loan programs 1863723 Asset retirement obligation 3101047 Swap derivative 833832 Other 1035270 48698579 98565299 -6698968 0 0 0 -6698968 105264267 0 32783294 32783294 138047561 98903244 0 0 0 0 0 98903244 0 32749690 32749690 131652934 Schedule D, Part V, Line 4 The college's endowment funds are used for scholarships, chairs, academic support, library support, student services, and general operating support. Schedule D, Part XI, Line 4b Scholarships 28,992,930; Rental expenses -362,249; Change in post-retirement benefit obligation 4,152,613. Schedule D, Part XII, Line 4b Scholarships 28,992,930; Grayco -33,604; Rental expenses -362,249; Change in post-retirement benefit obligation 4,152,613 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Newspaper announcement is done once per year and statement on Admission website-http://www.reed.edu/diversity/index.html. Schedule E, Part I, Line 6 Financial assistance is from Perkins and Title 4 financial aid. Central America and the Caribbean 0 0 Investments 27589546 East Asia and the Pacific 0 0 Investments 12627048 Europe (including Iceland and Greenland) 0 0 Investments 2066284 0 0 42282878 1 0 1 1 1 0 1 Reed Grants 759 28992930 0 Oregon State Grants 18 56000 0 Other Awards 88 689835 0 Schedule I, Part I, Line 2 The financial aid office awards grants to students based on the students financial aid application. Once classes begin, grants are disbursed to the student's account where they offset tuition charges. X X X 0 0 0 0 0 0 0 0 0 Hugh Porter Acting President 354132 0 0 0 0 0 27500 0 16368 0 398000 0 0 0 Lorraine Arvin VP and Treasurer 319926 0 0 0 0 0 27500 0 1637 0 349063 0 0 0 Nigel J Nicholson Dean of the Faculty 233915 0 0 0 0 0 24101 0 16364 0 274380 0 0 0 Michael Brody VP & Dean of Student Services 224923 0 0 0 0 0 23187 0 16345 0 264455 0 0 0 Milyon Trulove VP and Dean of Admission and Financial Aid 192009 0 0 0 0 0 19673 0 12751 0 224433 0 0 0 John R Kroger President-Former 461831 0 0 0 0 0 27500 0 1675 0 491006 0 0 0 Amanda Heaton Executive Director of Communications and Public Affairs 171046 0 0 0 0 0 17478 0 12681 0 201205 0 0 0 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 170795 0 0 0 0 0 18344 0 16156 0 205295 0 0 0 Myron Angell Director of Facilities Operations 170197 0 0 0 0 0 17020 0 8813 0 196030 0 0 0 Martin Ringle Chief Information Officer 166411 0 0 0 0 0 16710 0 8806 0 191927 0 0 0 Robert Tust Associate Treasurer & Controller 158107 0 0 0 0 0 16589 0 15786 0 190482 0 0 0 A Oregon Facilities Authority 936001787 68608JJE2 2008-04-23 47060000 See Part VI 0 0 0 B Oregon Facilities Authority 936001787 68608JNAS 2011-03-22 40195822 See part VI 1 0 0 C Oregon Facilities Authority 936001787 68608JXC0 2017-12-05 74641830 See Part VI 0 0 0 A 7925000 0 47060000 0 977670 0 451579 0 0 0 45622338 0 2008 1 0 1 1 B 0 40220000 40195822 0 0 0 615747 0 0 20004876 19575199 0 2013 1 0 1 1 C 0 0 74641830 0 0 44218163 730479 0 0 27452566 0 2240622 0 1 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 UBS 13 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I-04/23/2008 47,060,000 Oregon Facilities Authority The 2008 bonds were issued to redeem and retire bonds which were issued on June 7, 2006 and August 1, 2007. Schedule K, Part I-03/22/2011 40,195,822 Oregon Facilities Authority The 2011 bonds were issued for the refunding of the 2000 Bond issue and the planning and building of a performing arts center for the music, dance, and theater departments. The 2000 bond was issued on May 11, 2000. Schedule K, Part I-12/05/2017 74,641,830 Oregon Facilities Authority The 2017 bonds were issued for the refunding of the 2011 Bond issue and the planning and construction of a residence hall. The 2011 Bond was issued on 3/22/2011. X 70 5547747 market value X 1 905000 appraisal 2 0 1 0 Schedule M, Part I, Line 9 The number reported in Part I, column (b) represents the number of contributions. Form 990, Part VI, Section B, Line 11b An electronic draft of the Form 990 is provided to the Audit Committee of the Board of Trustees. The committee reviews, discusses, and provides input to management. After the Audit Committee accepts the Form 990, it is made available to all trustees for review. After any further trustee questions are resolved and a final copy of the return has been provided to the entire board, the Form 990 is filed. Form 990, Part VI, Section B, Line 12c Reed requires all officers and institutional trustees to complete a conflict of interest form annually. The form includes the college's conflict of interest policy and asks each individual about the existence of conflicts of interest. If a conflict of interest exists the officer or trustee is asked to describe the situation in their response. These forms are reviewed by the Vice-President and Treasurer and the Chair of the Audit Committee of the Board. Persons with a conflict are prohibited from participating in the Board and officer deliberations and decisions in those transactions. Form 990, Part VI, Section B, Line 15 The Executive Committee, which is comprised of independent Trustees and which functions as the College's compensation committee, annually reviews presidential and officer compensation data from comparable colleges along with other data provided by the Human Resources Office. They also conduct an annual performance evaluation of the President. Any changes in the President's compensation are approved by the Executive Committee, and communicated by the Chair of the Board of Trustees in writing to the President. The Executive Committee review and decisions on executive compensation are documented in the minutes of the Executive Committee meetings. These reviews are completed in June of each year. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Conflict of interest policy and financial statements are available on the College's Office of the Treasurer website. Form 990, Part XI, Line 9 Odyssey Property Holdings was dissolved during the 2018 tax year and the net assets were distributed to The Reed Institute. David Eddings Fund LLC 3203 SE Woodstock Blvd Portland OR 97202 450929229 Holding Company OR REED INSTITUTE Excluded 19519 7916 0 0 1 0.67 Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute C 70000 1191194 1 1 Charitable remainder trust (27) 3203 SE Woodstock Blvd Portland OR 97202 Trust OR The Reed Institute T 0 Pooled Income Fund (1) 3203 SE Woodstock Blvd Portland OR 97202 Pooled Income Fund OR The Reed Institute T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 Grayco Resources Inc k 70000 Lease agreement Grayco Resources Inc s 60000 Loan payments