2020-03-26T11:21:02-07:00 2019-06-30 990 2018-07-01 381358014 KALAMAZOO COLLEGE KALA 2693377000 1200 Academy St Kalamazoo MI 49006 Karen Sisson VP for Business and Finance 2693377285 2020-03-26 97.92.38.138 2018 2020-09-23 17:36:50Z Jorge G Gonzalez 1200 Academy St Kalamazoo MI 49006 130471428 0 X www.kzoo.edu X 1833 MI The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. 33 32 1630 1200 126155 72724 33814011 10825952 75420814 79255667 17828137 6093269 396544 385469 127459506 96560357 41391670 45558542 0 0 33115563 34093128 67265 54044 3525098 23796798 24016752 98371296 103722466 29088210 -7162109 376942796 387566756 56935475 73787972 320007321 313778784 The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. 0 0 93821472 45558542 79255667 Higher Education: The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned. and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. College enrollment for the fall quarter of 2018 was 1,467 students. 0 0 0 93821472 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 1 273 0 1 1630 1 1 1 1 FR GM KE SP 0 0 0 1 1 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO KY MA MD MI NH NY OH OK OR SC WA X Catherine Bonnes 2693377228 1200 Academy Street Kalamazoo MI 49006 Charlotte H Hall Chair 2 0 X 0 0 0 James A Clayton Vice Chair 2 0 X 0 0 0 S Si Johnson Vice Chair 2 0 X 0 0 0 Eugene V N Bissell Treasurer 2 0 X 0 0 0 Amy S Courter Secretary 2 0 X 0 0 0 Hashem Akhavan-Tafti Trustee 2 0 X 0 0 0 Judith L Bollinger Trustee 2 0 X 0 0 0 Martha Campbell Trustee 2 0 X 0 0 0 Jody L Clark Trustee 2 0 X 0 0 0 Jonathan R Cunningham Trustee 2 0 X 0 0 0 Harold J Decker Trustee 2 0 X 0 0 0 Helen B Etkin Trustee 2 0 X 0 0 0 Gwen A Fountain Trustee 2 0 X 0 0 0 Mark G Ghafari Trustee 2 0 X 0 0 0 Donald L Hafner Trustee 2 0 X 0 0 0 James N Heath Trustee 2 0 X 0 0 0 Jerrod A Howlett Trustee 2 0 X 0 0 0 Alexander C Lipsey Trustee 2 0 X 0 0 0 Asia L Morales Trustee 2 0 X 0 0 0 Hans P Morefield Trustee 2 0 X 0 0 0 Donald R Parfet Trustee 2 0 X 0 0 0 Gail A Raiman Trustee 2 0 X 0 0 0 Christopher P Reynolds Trustee 2 0 X 0 0 0 James A Robideau Trustee 2 0 X 0 0 0 Mary Beth Sarhatt Trustee 2 0 X 0 0 0 William R Stoeri Trustee 2 0 X 0 0 0 Jon L Stryker Trustee 2 0 X 0 0 0 Bonnie Wachter Swenby Trustee 2 0 X 0 0 0 Amy E Upjohn Trustee 2 0 X 0 0 0 M Elizabeth Washington Trustee 2 0 X 0 0 0 Richard E Yehle Trustee 2 0 X 0 0 0 Debra L Yourick Trustee 2 0 X 0 0 0 Jorge G Gonzalez President 40 0 X X 422439 0 90095 Laura Furge Interim Provost 40 0 X 127685 0 36309 Albert DeSimone VP College Advancement 40 0 X 216642 0 40142 James E Prince VP Business and Finance 40 0 X 197640 0 37384 Sarah Westfall VP Student Dev/Dean of Students 40 0 X 156098 0 24408 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 40 0 X 141164 0 29832 James A Langeland Professor of Biology 40 0 X 138881 0 78110 Gregory Diment Associate Provost IS 40 0 X 134311 0 79207 Paul Manstrom Associate VP Facilities Management 40 0 X 135871 0 6794 Eric Staab Dean of Admission and Financial Aid 40 0 X 132203 0 99544 Michael McDonald Former Provost; President of GLCA 0 40 X 99415 121260 22897 1902349 121260 544722 23 1 1 0 Creative Dining Services One Royal Park Dr Ste 3 Zeeland MI 49464 Campus Food Services 3611336 Andy J Egan Company 2001 Waldorf St NW Ste 200 Grand Rapids MI 49544 Construction Contractor 1798782 Miller Davis Company 1029 Portage St Kalamazoo MI 49001 Construction Contractor 901228 Tower Pinkster Titus Associates 242 E Kalamazoo Ave Suite 200 Kalamazoo MI 49007 Architect 721078 EAB Global Inc 2445 M St NW Washington DC 20037 Student Marketing Consultants 523000 8 0 0 13262 0 241899 10570791 812039 10825952 Tuition and Fees 611310 70001139 70001139 0 0 Room and Board 611310 7896482 7896482 0 0 Other Revenue 611310 1358046 1269792 88254 0 0 0 0 0 79255667 2231239 0 24769 2206470 201827 0 0 201827 0 0 0 0 119670 0 64476 0 55194 0 55194 0 0 55194 37025579 7500 32015907 1356969 5009672 -1349469 3660203 0 0 3660203 16079 13262 14450 1629 0 1629 0 0 0 0 0 0 787915 459269 328646 0 13132 315514 0 0 0 0 0 96560357 79167413 126155 6440837 0 0 45558542 45558542 0 0 0 0 1431499 394110 764480 272909 0 0 0 0 24267854 20617921 1658975 1990958 1778236 1413390 207351 157495 4951278 3906667 713055 331556 1664261 1336039 184876 143346 0 0 0 0 172817 0 172817 0 114480 0 114480 0 0 0 0 0 54044 54044 505829 0 505829 0 1515329 1485052 -70092 100369 140284 112991 21007 6286 1282150 882909 267917 131324 789861 298270 491591 0 0 0 0 0 2303309 2065089 179642 58578 1713804 1431144 153835 128825 0 0 0 0 1019837 796213 166883 56741 1853350 1706849 119388 27113 0 0 0 0 3299561 3119275 156717 23569 235000 235000 0 0 Study Abroad 2910584 2910584 0 0 Food Services 3283057 3283057 0 0 2877500 2268370 567145 41985 103722466 93821472 6375896 3525098 39942378 18485804 22315487 20543261 1051450 1042424 0 0 0 0 6949395 5890670 416129 465262 691195 904186 149963533 69120295 80436518 80843238 153277959 194982834 71862285 64409077 376942796 387566756 4204259 6837254 0 0 472169 333829 28835597 43080613 0 0 0 0 0 0 1000000 0 22423450 23536276 56935475 73787972 X 103371764 100658614 0 0 216635557 213120170 320007321 313778784 376942796 387566756 X -7162109 2494652 0 0 0 -1561080 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 240993994 3343383 9046629 2594995 9975482 469921 240343608 226973570 4779328 22127011 2392043 9909078 584794 240993994 206774239 2807696 28433040 2242656 8316410 482339 226973570 219847239 3209502 -5673733 2181749 8074541 352479 206774239 222047672 4981772 2319621 1997614 7137135 367077 219847239 0.21 0.79 0 0 1 1 0 2489726 2489726 0 107159990 44842542 62317448 0 0 0 0 0 28069692 21645796 6423896 0 12244125 2631957 9612168 80843238 Hedge Funds 46611965 F Private Equity Funds 5660410 F Charitable Remainder Trusts & Gift Annuities 3046961 F Beneficial Interest in Perpetual Trusts 9089741 F 64409077 0 Postretirement Benefit 15585331 Federal Perkins Loans 6579049 Annuities Payable 1371896 23536276 56711633 2494652 0 0 -45414650 -42919998 99631631 505829 -3577103 -3071274 96560357 62940170 0 0 4599988 538195 5138183 57801987 505829 45414650 45920479 103722466 Schedule D, Part III, Line 1 The College maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part III, Line 4 The College maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part V, Line 4 The College's endowment consists of approximately 500 individual funds established for a variety of purposes. These funds provide support for instruction, academic support departments, student services, institutional support departments, physical plant maintenance and improvements, public service programs and scholarships, as well as general operating support. Schedule D, Part XI, Line 2d Expenses that are netted with revenue on the AFS: Financial aid ($45,242,706); Payments to beneficiaries of split interest agreements ($177,232); Change in liability for employee retirement incentive program $5,288 Schedule D, Part XI, Line 4b Expenses that are netted with revenue on the 990: Bookstore cost of sales ($459,269); Rental property expenses ($64,476); Fundraising expenses ($14,450). Non-operating losses on AFS that are included in revenue on 990: ($3,038,908) Schedule D, Part XII, Line 2d Expenses that are reported with 990 revenue: Bookstore cost of sales $459,269; Rental property expenses $64,476; Fundraising expenses $14,450 Schedule D, Part XII, Line 4b Expenses that are netted with revenue on the AFS: Financial aid $45,242,706; Payments to beneficiaries of split interest agreements $177,232; Change in liability for employee retirement incentive program ($5,288) 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following statement appears in the College catalog: "Kalamazoo College is committed to equal rights, equal opportunities, and equal protection under the law. The College administers its programs, activities, and services without regard to race, color, religion, age, sex, national origin, height, weight, marital status, disability as protected by law, or sexual orientation. The College's definition of sexual orientation proscribes discrimination based on a person's heterosexuality, homosexuality, bisexuality, or gender identity, actual or presumed." Kalamazoo College draws a substantial percentage of its students from outside the Kalamazoo community including other areas of Michigan, the United States, and foreign countries and follows a racially nondiscriminatory policy as to students. Publication is not required under Rev Proc 75-50, Section 4.03-2(b). Schedule E, Part I, Line 6 Kalamazoo College participates in the following campus-based financial aid programs: SEOG, FWSP, Perkins (NDSL). In addition, students from the college are recipients of Pell grants, Guaranteed Student Loans and Parent Loans. Central America and the Caribbean 0 0 Program Services Higher Education 202080 East Asia and the Pacific 0 1 Program Services Higher Education 428385 Europe (including Iceland and Greenland) 0 8 Program Services Higher Education 1513553 Middle East and North Africa 0 0 Program Services Higher Education 67180 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Higher Education 51456 South America 0 2 Program Services Higher Education 334827 Sub-Saharan Africa 0 3 Program Services Higher Education 147202 Central America and the Caribbean Investments 21501578 North America (including Canada and Mexico, but not the United States) Investments 13229943 0 14 37476204 1 0 1 1 1 0 Schedule F, Part I, Line 3 The College invests in various foreign corporations and partnerships, both directly and through U.S. partnerships. However, the College's share of foreign corporation and partnership investments does not exceed 10% and thus Form 5471 or Form 8865 is not required. While these investments may be considered Passive Foreign Investment Companies, the College is not required to file Form 8621 as the investment income is not debt-financed unrelated business income. The College files Form 926 for transfers for foreign corporations during the year, both directly and through U.S. partnerships when cash transfers exceed $100,000 or when other types of assets are transferred. X X X X X X X 1 Wilson-Bennett Technology Inc 140 Professional Dr Ste 2 Cabot AR 72023 See Schedule G, Part IV, Statement 1 0 221597 54044 167553 221597 54044 167553 AK AL AZ CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SD TN UT VA WA WI WV Golf Jamboree 14215 8450 5765 0 0 0 3921 0 6754 Golf for Football 15126 4812 10314 0 0 0 810 0 2965 0 29341 13262 16079 0 0 0 4731 0 9719 14450 1629 1 Scholarships 1422 45242706 Scholarships for GLCA students 8 315836 Schedule I, Part I, Line 2 Scholarships are awarded based on established criteria, including donor restrictions. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Jorge G Gonzalez President 420530 0 0 0 1909 0 47396 0 43704 0 513539 0 0 0 Laura Furge Interim Provost 127595 0 0 0 90 0 13858 0 22941 0 164484 0 0 0 Albert DeSimone VP College Advancement 216246 0 0 0 396 0 22659 0 18061 0 257362 0 0 0 James E Prince VP Business and Finance 197244 0 0 0 396 0 20681 0 17281 0 235602 0 0 0 Sarah Westfall VP Student Dev/Dean of Students 155840 0 0 0 258 0 16225 0 8756 0 181079 0 0 0 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 140768 0 0 0 396 0 8546 0 21839 0 171549 0 0 0 Gregory Diment Associate Provost IS 134053 0 0 0 258 0 14470 0 65267 0 214048 0 0 0 Paul Manstrom Associate VP Facilities Management 135871 0 0 0 0 0 6794 0 0 0 142665 0 0 0 Eric Staab Dean of Admission and Financial Aid 132065 0 0 0 138 0 14429 0 85643 0 232275 0 0 0 James A Langeland Professor of Biology 138743 0 0 0 138 0 14898 0 63630 0 217409 0 0 0 Michael McDonald Provost 99346 121260 0 0 69 0 10133 12764 289 240 109837 134264 0 0 Schedule J, Part I, Line 1a The President's spouse attends seminars on topics related to networking and fundraising and works with the President in attending fundraising events with alumni donors. The costs are reimbursed business expenses under an accountable plan. The President is required to live in housing provided on campus. The value of this housing is excluded from taxable income. Schedule J, Part I, Line 3 The compensation of the President is reviewed annually by the Compensation Committee of the Board of Trustees with a report and resolutions provided to the full Board for deliberation. As part of this process, the President's compensation is compared to a cohort of similar institutions. The result of the deliberations and decisions are documented in the notes of the Compensation Committee meeting and a statement of salary letter sent to the President and the Director of Human Resources. Schedule J, Part I, Line 4 President Gonzalez participated in a section 457(f) plan and the College contributed $20,000 during calendar year 2018. A Michigan Finance Authority 800596186 594479EFO 2018-07-11 44315000 Refunding 2011 bond issuance & construct & equip athletics facilitles 0 0 0 A 835000 0 48090861 0 0 0 413159 0 0 2993813 29351214 15332675 1 0 0 1 A 0 0 1 1 0 0 0.005 0.005 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part II, Line 3-07/11/2018 44,315,000 Michigan Finance Authority Includes investment earnings of $364,186. Suzanne Gonzalez Spouse of President 35000 Honorarium 0 X 1 30000 Donor appraisal X 0 Value not recorded X 32 782039 Avg daily stock price 1 0 1 0 Schedule M, Part I, Line 33 Noncash contributions of personal property valued at $5,000 or less are not entered or capitalized Form 990, Part VI, Section B, Line 11b The forms 990 and 990T are provided to the Audit Committee of the Board of Trustees for review. A meeting is convened with the Audit Committee and the Vice President for Business and Finance to review and discuss the Forms 990 and 990T. After receiving the Audit Committee's approval, the Forms 990 and 990T are provided to the full Board of Trustees for review and approval. The Schedule B Schedule of Contributors is not provided to the Audit Committee or the Board in order to maintain the confidential identity of donors that wish to remain anonymous. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is provided to every Trustee and Officer in October. Every recipient is asked to return a disclosure form that discloses any potential relationships that may represent a conflict of interest and disclose any gifts or loans from entities with which the College has significant business dealings. The form also asks Trustees to acknowledge that they have read the conflict of interest policy and confirm that they have no knowledge of any real or potential violations of the policy and that they will refrain from taking any unfair advantage of any information obtained in their role as Trustee or Officer. Form 990, Part VI, Section B, Line 15 The compensation of the President is reviewed annually by the Compensation Committee of the Board of Trustees with a report and resolutions provided to the full Board for deliberation. As part of this process, the President's compensation is compared to a cohort of similar institutions. The result of the deliberations and decisions are documented in the notes of the Compensation Committee meeting and a statement of salary letter sent to the President and the Director of Human Resources. The compensation of the College officers is determined annually by the President and compared to the compensation of similarly placed officers of Great Lakes Colleges Association institutions. The officer compensation is submitted to the Executive Committee of the Board of Trustees for review and approval. Form 990, Part VI, Section C, Line 19 Kalamazoo College is organized under Michigan statute MCL Section 390.751 through 390.761. The bylaws and conflict of interest policy are available upon request. The financial statements are also available by request, posted on the College's website and made available in the College library. Form 990, Part XI, Line 9 Change in post retirement health benefit liability Genevieve U Gilmore Endowment For The Arts PNC Bank 113 E Michigan Kalamazoo MI 49007 386470228 Trust FBO Kalamazoo College MI 501(c)(3) Line 12 c Kalamazoo College 1 Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank 113 E Michigan Kalamazoo MI 49007 386572671 Trust FBO Kalamazoo College MI 501(c)(3) Line 12d Kalamazoo College 1 L Lee Stryker Memorial Trust PNC Bank 113 E Michigan Kalamazoo MI 49007 386385367 Trust FBO Kalamazoo College MI 501(c)(3) Line 12d Kalamazoo College 1 FW & Elsie Heyl Science Scholarship Fund PNC Bank PO Box 94651 Cleveland OH 44101 386194019 Science Grants MI 501(c)(3) Line 12d N/A 0 Great Lakes College Association Inc 535 W William No 301 Ann Arbor MI 48103 381678376 Promote advancement in higher education MI 501(c)(3) 12a N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 Genevieve U Gilmore Endowment For The Arts PNC Bank c 98393 Cash Grant Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank c 147989 Cash Grant L Lee Stryker Memorial Trust PNC Bank c 105222 Cash Grant