2020-05-11T08:19:32-05:00 2019-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2018-07-01 231352683 SWARTHMORE COLLEGE % ALICE TURBIVILLE SWAR 6103288000 500 COLLEGE AVENUE SWARTHMORE PA 19081 GREGORY N BROWN VP FIN, ADM & TREAS 6103288000 2020-05-11 true ANTONIO C RUSSO P00858539 2673303000 155.201.35.69 23522320201325000000 2020-05-11 P 7C276736B1F8534619D83B6F2AADECD8007A5E58 2719192911BCB3EB586EADDE14073544A58AB321 2018 2020-09-23 17:36:50Z GREGORY N BROWN 500 COLLEGE AVENUE SWARTHMORE PA 19081 1288011514 false X www.swarthmore.edu X 1864 PA SEE ATTACHMENT 1 36 36 2758 1450 -3467474 37098000 16706000 105372000 109295000 183907609 198547029 12228916 17601209 338606525 342149238 42202000 44154000 0 0 98267493 102272967 49261 40720 6759194 76371803 84076184 216890557 230543871 121715968 111605367 2643223000 2785049000 323328000 400784000 2319895000 2384265000 X SWARTHMORE COLLEGE IS AN INSTITUTION DEDICATED TO THE FINEST UNDERGRADUATE EDUCATION, COMMITTED TO MAKING A SIGNIFICANT INTELLECTUAL CONTRIBUTION, AND RESOLVED TO BE A MICROCOSM OF, AND PREPARE LEADERSHIP FOR A MORE JUST WORLD. OUR MISSION IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT HAS AT ITS CORE A COMMITMENT BOTH TO INTELLECTUAL VIGOR AND TO THE RESPONSIBILITY TO USE THAT VIGOR TO ADVANCE THE CONDITIONS OF HUMANITY. THE COLLEGE SEEKS TO DO THIS THROUGH AN EXCEPTIONAL ACADEMIC PROGRAM AND SUPPORTED BY PURPOSEFUL EXPERIENCES OUTSIDE OF THE CLASS ROOM. CENTRAL TO THE COLLEGE'S MISSION IS RECOGNITION OF THE FACT THAT STUDENT LEARN BOTH INSIDE AND OUTSIDE THE CLASSROOM. false false 179273519 44154000 109295000 SWARTHMORE IS A CO-EDUCATIONAL COLLEGE OF LIBERAL ARTS AND ENGINEERING DEDICATED TO INTELLECTUAL EXPLORATION, ACCESS, AND EDUCATING FOR THE COMMON GOOD. THE AVERAGE ENROLLMENT FOR FISCAL YEAR 2018-19 WAS 1,647. THERE WERE 176 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,435 COME FROM ACROSS THE UNITED STATES WHILE 212 COME FROM OTHER NATIONS. SWARTHMORE'S COMMITMENT TO FINANCIAL AID AND ACCESS IS AT THE CORE OF OUR EDUCATIONAL MISSION. THE COLLEGE STRIVES TO MAKE IT POSSIBLE FOR ALL ADMITTED STUDENTS TO ATTEND SWARTHMORE, REGARDLESS OF THEIR ABILITY TO PAY, AND MEETS 100 PERCENT OF DETERMINED NEED FOR ALL ADMITTED STUDENTS. NEARLY 56 PERCENT OF THE STUDENTS RECEIVED NEED-BASED SWARTHMORE SCHOLARSHIP AID FROM AN OVERALL FINANCIAL AID BUDGET OF $44 MILLION. SWARTHMORE'S AID AWARDS CONSIST OF GRANTS (WHICH DO NOT NEED TO BE REPAID) AND THE EXPECTATION THAT STUDENTS WILL WORK IN A PART-TIME CAMPUS-BASED JOB. THE COLLEGE'S FINANCIAL AID AWARDS ARE LOAN-FREE. SWARTHMORE'S 425-ACRE ARBORETUM CAMPUS INCLUDES THE CRUM WOODS, A NATURALLY WOODED AREA COMPRISING NEARLY THREE-FIFTHS OF THE COLLEGE'S LAND. IN 2015, THE COLLEGE LAUNCHED ITS ENVIRONMENTAL SUSTAINABILITY FRAMEWORK, A SET OF GUIDELINES FOR CAPITAL PROJECTS AND FACILITIES OPERATIONS THAT INCLUDES SUSTAINABLE BUILDING GUIDELINES AND A PROJECT CHECKLIST. THE FOLLOWING YEAR, THE COLLEGE INSTITUTED A CARBON CHARGE THAT PROVIDES FUNDING FOR CAMPUS INITIATIVES AND PROJECTS THAT INCREASE ENERGY CONSERVATION AND EFFICIENCY AND PROMOTE RENEWABLE ENERGY. SWARTHMORE WAS HONORED TO RECEIVE A 2017 SUSTAINABLE CAMPUS EXCELLENCE AWARD IN THE INNOVATIVE COLLABORATION CATEGORY FROM THE INTERNATIONAL SUSTAINABLE CAMPUS NETWORK FOR OUR CARBON CHARGE PROGRAM. SWARTHMORE COLLEGE IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY FOR ALL QUALIFIED PERSONS, WITHOUT DISCRIMINATION AGAINST ANY PERSON BY REASON OF SEX, RACE, COLOR, AGE, RELIGION, NATIONAL ORIGIN, HANDICAP, OR SEXUAL ORIENTATION. THIS POLICY IS CONSISTENT WITH RELEVANT GOVERNMENTAL STATUES AND REGULATIONS, INCLUDING THOSE PURSUANT TO TITLE IX OF THE FEDERAL EDUCATION AMENDMENTS OF 1972 AND SECTION 504 OF THE FEDERAL REHABILITATION ACT OF 1973. 179273519 true true false true false false false true false true true true false false true true false true true false true false true true false false false false true true true true true true false false true false false false false true true false false true true true true false false true 2222 0 true 2758 true true true false false false false false false false false false false true X 36 36 true false false false false false false true true false false true true true true true true true true false PA X X ALICE TURBIVILLE 6109576040 500 COLLEGE AVENUE SWARTHMORE PA 19081 X SOHAIL BENGALI TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM BOULDING TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BRADLEY TRUSTEE 2.0 0.0 X 0 0 0 JOHN P CHEN TRUSTEE 4.0 0.0 X 0 0 0 RHONDA RESNICK COHEN TRUSTEE 2.0 0.0 X 0 0 0 THOM COLLINS TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH ECONOMY TRUSTEE 4.0 0.0 X 0 0 0 THOMAS WT HARTNETT TRUSTEE 4.0 0.0 X 0 0 0 MARILYN HOLIFIELD TRUSTEE 4.0 0.0 X 0 0 0 EMILY ANNE JACOBSTEIN TRUSTEE/EX. OFF. BOARD MEMBER 2.0 0.0 X 0 0 0 S LESLIE JEWETT TRUSTEE 4.0 0.0 X 0 0 0 VINCENT JONES TRUSTEE 2.0 0.0 X 0 0 0 ELEANOR JOSEPH TRUSTEE 2.0 0.0 X 0 0 0 JAKY JOSEPH TRUSTEE 4.0 0.0 X 0 0 0 HAROLD KALKSTEIN TRUSTEE 4.0 0.0 X 0 0 0 GILES K KEMP TRUSTEE 4.0 0.0 X 0 0 0 JANE LANG TRUSTEE 2.0 0.0 X 0 0 0 LUCY LANG TRUSTEE 4.0 0.0 X 0 0 0 CINDI LEIVE TRUSTEE 2.0 0.0 X 0 0 0 BENNETT LORBER TRUSTEE 2.0 0.0 X 0 0 0 JAMES LOVELACE TRUSTEE 4.0 0.0 X 0 0 0 SABRINA MARTINEZ TRUSTEE 2.0 0.0 X 0 0 0 DAVID McELHINNY TRUSTEE 2.0 0.0 X 0 0 0 CATHRYN POLINSKY TRUSTEE 4.0 0.0 X 0 0 0 H VINCENT POOR TRUSTEE 4.0 0.0 X 0 0 0 LOURDES ROSADO TRUSTEE 2.0 0.0 X 0 0 0 ANTOINETTE SALEH TRUSTEE 2.0 0.0 X 0 0 0 GUSTAVO SCHWED TRUSTEE 4.0 0.0 X 0 0 0 JUNE R SCOTT TRUSTEE 2.0 0.0 X 0 0 0 ROBIN M SHAPIRO TRUSTEE 4.0 0.0 X 0 0 0 SALEM D SHUCHMAN TRUSTEE 6.0 0.0 X 0 0 0 DAVID W SINGLETON TRUSTEE 4.0 0.0 X 0 0 0 THOMAS E SPOCK CHAIR 2.0 0.0 X X 0 0 0 SUJATHA SRINIVASAN TRUSTEE 4.0 0.0 X 0 0 0 DAVIA TEMIN TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH L TURNER TRUSTEE 4.0 0.0 X 0 0 0 BRYAN WOLF TRUSTEE 2.0 0.0 X 0 0 0 SAMUEL L HAYES III EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 JAMES C HORMEL EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 BARBARA W MATHER EMERITA CHAIR 2.0 0.0 X 0 0 0 ELIZABETH J McCORMACK EMERITA TRUSTEE 2.0 0.0 X 0 0 0 MARGE PEARLMAN SCHEUER EMERITA TRUSTEE 2.0 0.0 X 0 0 0 J LAWRENCE SHANE EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 501386 0 322629 MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 40.0 0.0 X 318705 0 46234 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 40.0 0.0 X 229841 0 46272 GREGORY N BROWN VP FIN & ADMIN & TREASURER 40.0 0.0 X 359114 0 46234 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 289939 0 96590 JOEL COOPER CHIEF OF INFORMATION TECH 40.0 0.0 X 186315 0 37309 ALISA GIARDINELLI INTERIM VP COMMUNICATIONS 40.0 0.0 X 128645 0 29136 LORI ANN JOHNSON ASSISTANT TREASURER 40.0 0.0 X 120413 0 20594 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL. 40.0 0.0 X 182709 0 40742 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 40.0 0.0 X 200672 0 39230 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 40.0 0.0 X 126361 0 35512 EDWARD ROWE CHIEF OF STAFF AND SECRETARY 40.0 0.0 X 55216 0 6879 JAMES TERHUNE INTERIM DEAN OF STUDENTS 40.0 0.0 X 89307 0 34837 SARAH WILLIE-LEBRETON PROVOST & DEAN OF FACULTY 40.0 0.0 X 214640 0 110908 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 40.0 0.0 X 251262 0 48478 DON SHIMAMOTO PROFESSOR 40.0 0.0 X 485288 0 16447 RACHEL MERZ PROFESSOR 40.0 0.0 X 380877 0 0 THOMAS STEPHENSON PROFESSOR 40.0 0.0 X 259210 0 49247 ALLEN SCHNEIDER PROFESSOR 40.0 0.0 X 256085 0 39713 NELSON MACKEN PROFESSOR 40.0 0.0 X 242955 0 43017 4878940 0 1110008 213 false true false SKANSKA USA BUILDING INC PO BOX 48118 NEWARK NJ 07101 Building Services 38271641 CTC CONSTRUCTION MANAGEMENT INC 3020 RICKERT ROAD PERKASIE PA 18944 BUILDING SERVICES 5960754 BALLINGER COMPANY 833 CHESTNUT STREET PHILADELPHIA PA 19107 BUILDING SERVICES 1493085 CTC CONSTRUCTION INC 3020 RICKERT ROAD PERKSIE PA 18944 BUILDING SERVICES 1389990 MARINO CORPORATION 1400 CRESSMAN ROAD SKIPPACK PA 19474 BUILDING SERVICES 1382859 50 1809000 14897000 2771280 16706000 TUITION & FEES 611310 86579000 86579000 ROOM & BOARD 611310 22716000 22716000 109295000 98281781 -8242396 106524177 1908881 1908881 86688 86688 1527870 963129 564741 0 564741 564741 1043255514 944899147 98356367 98356367 98356367 0 0 0 0 0 0 0 0 0 INN AT SWARTHMORE (INN & RESTAURANT) 721110 4019298 4019298 BKST AT SWARTHMORE (AT INN) 611710 416612 416612 SUMMER PROGRAMS 900099 339012 339012 12174858 12174858 16949780 342149238 109295000 -3467474 219615712 0 38052953 38052953 6101047 6101047 0 3759622 1306237 2108165 345220 0 74284931 59201508 12122461 2960962 6238907 4947239 1022585 269083 12626510 9071505 3062973 492032 5362997 4089957 1048437 224603 0 439213 439213 273590 273590 0 40720 40720 8320000 8320000 8157660 5315382 2508109 334169 335448 35869 299579 8518378 5454855 2893601 169922 4325152 3152460 1095897 76795 0 2523629 1851229 600418 71982 3950585 2900881 629924 419780 0 2173475 1380453 311844 481178 8155602 6226099 1686928 242575 0 13034670 10036696 2606934 391040 1744667 1702636 42031 EQUIP PURCH, RENTAL & MAINT 6904250 4893540 1845317 165393 OFF-CAMPUS STUDY PROGRAMS 4251702 4251702 0 0 FOOD & BEVERAGE (NON-TRAVEL) 3301958 2559947 742011 0 ANNUITY PAYMENTS 1720318 1720318 0 0 5945887 5021006 851141 73740 230543871 179273519 44511158 6759194 49778000 40982000 0 0 18184000 15010000 1563000 1821000 1140313 827314 0 0 10537687 9095686 323402 316295 1865598 2349705 615368000 171392000 378263000 443976000 949025000 913656000 1230675000 1295199000 0 0 0 0 1868000 61816000 2643223000 2785049000 24075000 30097000 0 0 1068000 1395000 261681000 331245000 0 0 0 0 0 0 0 0 36504000 38047000 323328000 400784000 X 1002568000 1028961000 1093198000 1124713623 224129000 230590377 2319895000 2384265000 2643223000 2785049000 X 111605367 -55412367 8320000 -143000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1015 1015 false false PART II-B LINE 1I DETAIL OF LOBBYING EXPENSES SWARTMORE COLLEGE IS A MEMBER OF THE CONSORTIUM OF FINANCING HIGHER EDUCATION(COFHE) AND THE LOBBYING EXPENSES ASSOCIATED WITH THIS MEMBERSHIP WAS $2. SWARTHMORE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) AND THE LOBBYING EXPENSES ASSOCIATED WITH THIS MEMBERSHIP WAS $1,013. 4726000 X X X false 2115768000 4278000 146528000 21794000 104907000 8320000 2131553000 1955532000 3895000 244813000 18537000 63356000 6579000 2115768000 1746962000 35302000 257710000 17720000 60085000 6637000 1955532000 1845799000 9830000 -26573000 16857000 58458000 6779000 1746962000 1876669000 8063000 50581000 13897000 69410000 6207000 1845799000 0.39000 0.57000 0.04000 false false 0 5757000 5757000 0 588924000 157112000 431812000 0 0 0 0 15961000 14280000 1681000 0 4726000 4726000 443976000 FIXED INCOME 40526000 F PUBLIC EQUITY 265586000 F REAL ASSETS 227081000 F PRIVATE EQUITY 471344000 F MARKETABLE ALTERNATIVES 288078000 F OTHER 2584000 F 1295199000 0 EMPLOYEE AND FORMER EMPLOYEES 6321000 CONDITIONAL GIFT LIABILITY 885000 DONORS 14699000 POSTRETIREMENT HEALTH BENEFIT 15036000 CONDITIONAL ASSET RETIRMNT OBL 1106000 38047000 X 243403000 -47092367 -47092367 290495367 8320000 43333871 51653871 342149238 179033000 179033000 8320000 43190871 51510871 230543871 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE COLLEGE MAINTAINS A SMALL PERMANENT COLLECTION OF ART THAT IS USED IN TEACHING (E.G., COURSES IN STUDIO ART AND ART HISTORY) AND PROVIDES STUDENTS WITH RESEARCH OPPORTUNITIES. ---------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS BESIDES SCHOLARSHIPS, THE SWARTHMORE COLLEGE ENDOWMENT PROVIDES FUNDING FOR A VARIETY OF PROGRAMS INCLUDING PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, LIBRARY AND ACADEMIC SUPPORT, AWARDS AND PRIZES, COMMUNITY SERVICE, FACILITIES AND GROUNDS, DEBT SERVICE AND CAPITAL PROJECTS, AS WELL AS GENERAL BUDGET SUPPORT. ------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE FOLLOWING IS THE TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FROM THE CONSOLIDATED JUNE 30, 2019 SWARTHMORE COLLEGE AUDITED FINANCIAL STATEMENTS: IN ACCORDANCE WITH THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT REGULARLY EVALUATES ITS TAX POSITIONS AND DOES NOT BELIEVE THE COLLEGE HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT IN THE FINANCIAL STATEMENTS. THE COLLEGE CONTINUALLY MONITORS AND EVALUATES ITS ACTIVITIES FOR UNRELATED BUSINESS INCOME ACTIVITY. -------------------- SCHEDULE D, PART XI, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $ (963,129) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS 143,000 STUDENT AID 44,154,000 ------------------- TOTAL $ 43,333,871 -------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COST OF RENTAL HOUSING $ (963,129) STUDENT AID 44,154,000 ------------------- $ 43,190,871 ------------------- true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY SWARTHMORE COLLEGE'S NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. SUCH POLICY IS ALSO AVAILABLE IN PRINT IN VARIOUS LOCATIONS ON CAMPUS. THE NON-DISCRIMINATORY POLICY FOR SWARTHMORE COLLEGE CAN BE FOUND AT: https://www.swarthmore.edu/equal-opportunity-office/non-discrimination-and -equal-opportunity -------------------- SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY THE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN AND FEDERAL STAFFORD LOAN PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) STUDENT GRANT PROGRAM. THE ONLY DIRECT FINANCIAL ASSISTANCE RECEIVED BY THE COLLEGE FROM A GOVERNMENTAL AGENCY IS THE PHEAA INSTITUTIONAL ASSISTANCE GRANT. -------------------- true Central America and the Caribbean Investments N/A 259291494 Europe (Including Iceland and Greenland) Investments N/A 19902683 North America Investments N/A 3563051 Central America and the Caribbean Program Services SCHOLARSHIPS 299736 East Asia and the Pacific Program Services SCHOLARSHIPS 1215642 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 316183 Middle East and North Africa Program Services SCHOLARSHIPS 689705 North America Program Services SCHOLARSHIPS 893526 Russia and the Newly Independent States Program Services SCHOLARSHIPS 68062 South America Program Services SCHOLARSHIPS 599095 South Asia Program Services SCHOLARSHIPS 775120 Sub-Saharan Africa Program Services SCHOLARSHIPS 1243978 East Asia and the Pacific Program Services STUDY ABROAD 117578 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 1204783 Middle East and North Africa Program Services STUDY ABROAD 14869 290195505 290195505 SCHOLARSHIPS Central America and the Caribbean 5 305427 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS East Asia and the Pacific 28 1275294 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 8 344342 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Middle East and North Africa 12 607159 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS North America 16 898813 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Russia and the Newly Independent States 1 35679 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South America 9 543151 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South Asia 17 876174 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Sub-Saharan Africa 20 1109105 CREDIT SCHOLARSHIPS BOOK true false false true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X X X true MARTS LUNDY 1200 WALL STREET LYNDHURST NJ 07071 GENERAL CONSULTING false 14879000 40720 14838280 14879000 40720 14838280 All States true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 817 38052953 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X true true X X X X X true false false false false false false false false MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 318705 0 0 0 0 0 27500 0 18734 0 364939 0 0 0 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 229841 0 0 0 0 0 23420 0 22852 0 276113 0 0 0 GREGORY N BROWN VP FIN & ADMIN & TREASURER 359114 0 0 0 0 0 27500 0 18734 0 405348 0 0 0 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 289939 0 0 0 0 0 27500 0 69090 0 386529 0 0 0 JOEL COOPER CHIEF OF INFORMATION TECH 186315 0 0 0 0 0 18756 0 18553 0 223624 0 0 0 ALISA GIARDINELLI INTERIM VP COMMUNICATIONS 128645 0 0 0 0 0 12961 0 16175 0 157781 0 0 0 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 251262 0 0 0 0 0 25575 0 22903 0 299740 0 0 0 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL. 182709 0 0 0 0 0 18028 0 22714 0 223451 0 0 0 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 200672 0 0 0 0 0 20630 0 18600 0 239902 0 0 0 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 126361 0 0 0 0 0 12927 0 22585 0 161873 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 501386 0 0 0 0 0 263805 0 58824 0 824015 0 0 0 SARAH WILLIE-LEBRETON PROVOST & DEAN OF FACULTY 214640 0 0 0 0 0 88153 0 22755 0 325548 0 0 0 DON SHIMAMOTO PROFESSOR 108584 0 0 0 376704 0 10792 0 5655 0 501735 0 0 0 RACHEL MERZ PROFESSOR 0 0 0 0 380877 0 0 0 0 0 380877 0 0 0 THOMAS STEPHENSON PROFESSOR 259210 0 0 0 0 0 26330 0 22917 0 308457 0 0 0 ALLEN SCHNEIDER PROFESSOR 256085 0 0 0 0 0 25814 0 13899 0 295798 0 0 0 NELSON MACKEN PROFESSOR 242955 0 0 0 0 0 24360 0 18657 0 285972 0 0 0 SCHEDULE J, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS SWARTHMORE COLLEGE'S (THE "COLLEGE") POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR HIS/HER DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR HIS/HER DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, THE DEAN OF STUDENTS, AND THE VICE PRESIDENT OF COLLEGE ADVANCEMENT MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED SUCH RESIDENCES FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO TWO NEW YORK UNIVERSITY CLUBS TO BE USED FOR BUSINESS PURPOSES (ENTERTAINMENT / TRAVEL). -------------------- SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED EARLY RETIREMENT PAYMENTS: RACHEL MERZ: $380,877 DON SHIMAMOTO: $376,704 ------------ SCHEDULE J, PART II ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. JAMES TERHUNE- NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. KARL W. CLAUSS - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. VALERIE SMITH - OTHER COMPENSATION FIGURE IS A RESULT OF THE PAYMENT OF ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. SARAH WILLIE-LEBRETON- DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. RACHEL MERZ- OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. DON SHIMAMOTO- OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. ---------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2011B 232243929 870000GY6 2011-12-21 17177979 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2013 232243929 870000JG2 2013-07-31 52616042 VAR. CAPITAL PROJECTS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2015 232243929 870000KJ4 2015-07-14 59996832 VAR. CAPITAL PROJECTS- SEE PART VI false false false D SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016A 232243929 870000KY1 2016-08-16 73699674 REFUNDING PRIOR BOND- SEE PART VI false false false A 15288979 0 17594907 0 0 0 137349 0 0 17457558 0 0 2014 false false true true B 11927042 0 52626016 0 0 0 353591 0 0 18387425 33885000 0 2016 true false true true C 3582832 0 60362681 0 0 0 348937 0 0 60013744 0 0 2018 false false false true D 10878674 0 73699731 0 0 0 344674 0 0 0 73355057 0 2016 false true true true A false false false false 0 0.00100 0.00100 false false false true B false false false false 0 0.01300 0.01300 false false false true C false false false false 0 false false false true D 0 A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F) PART I, LINE A: THE PROCEEDS OF THE SERIES 2011 BOND ISSUED ON 6/29/2011 WERE USED TO REFUND A PORTION OF THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2001, ISSUED ON 7/25/2001, AND TO FUND THE COSTS OF ISSUING THE 2011 BONDS. PART I, LINE B: THE PROCEEDS OF THE SERIES 2011B BOND ISSUED ON 12/21/2011 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2011B BONDS. PART I, LINE C: THE PROCEEDS OF THE SERIES 2013 BOND ISSUED ON 7/31/2013 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2008 ISSUED ON 4/30/2008 AND SERIES 2009 ISSUED ON 7/29/2009, AND USED FOR VARIOUS TAX EXEMPT CAPITAL PROJECTS AND TO FUND THE COSTS OF ISSUING THE 2013 BONDS. PART I, LINE D: THE PROCEEDS OF THE SERIES 2015 BOND ISSUED ON 7/14/2015 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2015 BONDS. PART I, LINE E: THE PROCEEDS OF THE SERIES 2016A BOND ISSUED ON 7/19/2016 WERE USED TO ADVANCE REFUND THE 2006A REVENUE BONDS (WHICH HAD BEEN USED TO ADVANCE REFUND THE SERIES 1998 AND 2001 REVENUE BONDS), AND TO FUND THE COSTS OF ISSUING THE 2016A BONDS. PART I, LINE F: THE PROCEEDS OF THE SERIES 2016B BOND ISSUED ON 7/19/2016 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2016B BONDS. -------------------- SCHEDULE K, PART II, LINE 3 DETAIL OF TOTAL PROCEEDS FROM ISSUE THE TOTAL PROCEEDS OF ISSUE REPORTED FOR EACH BOND LISTED INCLUDES ANY INVESTMENT EARNINGS. -------------------- SCHEDULE K, PART II, LINE 13 YEAR OF SUBSTANTIAL COMPLETION FOR THE 07/01/2018 BONDS (COLUMN F), HAVE NOT YET MET THE DEFINITION OF "SUBSTANTIAL COMPLETION." AS A RESULT, NO YEAR HAS BEEN ENTERED. -------------------- SCHEDULE K, PART III PRIVATE BUSINESS USE FOR THE 08/16/2016 BONDS (COLUMN D), THERE WAS NO NEED TO COMPLETE THIS PRIVATE BUSINESS USE SECTION SINCE THIS 2016A BOND ISSUE WAS SIMPLY A REFUNDING ISSUE OF THE 2006A BONDS (WHICH IN TURN, WERE AN ADVANCED REFUNDING ISSUE OF THE 1998 & 2001 BONDS (WHICH WERE BOTH ISSUED PRIOR TO THE SCHEDULE K 12/31/2002 REPORTING DATE). -------------------- SCHEDULE K, PART IV, LINE 2C DATE THE REBATE COMPUTATION WAS PERFORMED SERIES 2011B: 12/21/2016 SERIES 2013: 07/30/2019 SERIES 2015: 09/15/2019 SERIES 2016A: 08/15/2019 SERIES 2016B: 08/15/2019 SERIES 2018: 07/26/2019 -------------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016B 232243929 870000LW4 2016-08-16 25244118 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2018 232243929 870000LX2 2018-07-10 110605739 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 1260118 0 25522589 0 0 0 194356 0 0 25328233 0 0 2019 false false false true B 809133 0 112490698 0 0 0 672822 0 0 50539511 0 61278365 true false false true A false false false false 0 false false false true B 0 A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true James L Bock III OFFICER MORTGAGE X 340000 183503 false true true Gregory N Brown OFFICER MORTGAGE X 410000 361234 false true true Joel Cooper OFFICER MORTGAGE X 384000 138691 false true true 683428 X 1 5000 Fair Market Value X 10000 Fair Market Value X 108 2756280 Fair Market Value false true false SCHEDULE M, PART I, LINE 32 USE OF THIRD PARTIES SWARTHMORE COLLEGE MAINTAINS ACCOUNTS AT SEVERAL BROKERAGE FIRMS TO FACILITATE THE SALE OF ANY NON-CASH CONTRIBUTIONS IT MAY RECEIVE. --------------- SCHEDULE M, PART I, COLUMN (B) INFORMATION REGARDING NUMBER OF CONTRIBUTIONS SWARTHMORE COLLEGE IS REPORTING THE AGGREGATE NUMBER OF CONTRIBUTIONS RECEIVED OF SCHEDULE M, PART I, COLUMN B (NOT THE NUMBER OF ITEMS RECEIVED). --------------- FORM 990, PART VI, LINE 2 FAMILY RELATIONSHIPS Jane Lang (trustee) and Lucy Lang (trustee) have a family relationship. -------------------- FORM 990, PART VI, LINE 11 AND 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED INTERNALLY BY SWARTHMORE COLLEGE. IT IS REVIEWED BY THE APPROPRIATE SENIOR MANAGEMENT AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM. BEFORE THE FORM 990 IS FILED, IT IS PROVIDED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE FINANCE COMMITTEE, AND ALL BOARD MEMBERS FOR THEIR REVIEW. -------------------- FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY SWARTHMORE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES--ONE FOR ITS BOARD MEMBERS AND ONE FOR EMPLOYEES. EACH YEAR ALL MEMBERS OF THE BOARD RECEIVE A SURVEY REMINDING THEM OF THE POLICY AND REQUESTING DISCLOSURE OF BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS. LIKEWISE, ALL SUPERVISORY STAFF OF THE COLLEGE RECIEVES A SURVEY REMINDING THEM OF THE EMPLOYEE CONFLICT OF INTEREST POLICY AND ASKING THEM FOR OTHER BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS FOR THEMSELVES OR ANY MEMBER OF THE STAFF REPORTING TO THEM. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF MANAGERS RECEIVES A SUMMARY OF ALL RESPONSES AND ADDRESSES POSSIBLE CONFLICTS WHICH ARISE. -------------------- FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS AND APPROVES THE COMPENSATION FOR COMPENSATED OFFICERS, DIRECTORS, AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM AN INDEPENDENT CONSULTANT, CONSULTS WITH THE PRESIDENT REGARDING THE PERFORMANCE OF EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT REPORTS TO THE PRESIDENT AND SETS THE COMPENSATION FOR EACH OF THEM. THE COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE OF THE PRESIDENT AND USES COMPARATIVE DATA TO DETERMINE THE PRESIDENT'S COMPENSATION FOR THE SUBSEQUENT YEAR. THIS PROCESS IS COMPLETED ANNUALLY. -------------------- FORM 990, PART VI, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE VIA THE COLLEGE'S WEBSITE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE VIA THE COLLEGE'S WEBSITE. -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS $425,000 CHANGE IN OTHER POST RETIREMENT BENEFITS (568,000) ---------- $(143,000) -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 4448795 1692465 SWARTHMORE MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 271405 159088 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS CRATs - 3 SWARTHMORE PA 19081 N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 27 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs NIMCRUTs - 6 SWARTHMORE PA 19081 N/A PA NA TRUST true false false false false false false false false false false false false false false false false false false Marjay Productions Inc A 185000 PER ESTATE DOC.