2020-06-08T20:10:11-05:00 2019-06-30 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2018-07-01 340714363 OBERLIN COLLEGE OBER 4407758460 173 W LORAIN ST CONTROLLERS OFFICE OBERLIN OH 44074 REBECCA VAZQUEZ-SKILLINGS VP FOR FINANCE & ADMIN 4407758460 2020-06-08 1 REBEKUH ELEY P01247672 3126343400 67.184.218.2 2020-06-08 11:21:02 CD P 2A28FA2E2A09A40AF4F0A751499BE74D16D20E85 64E34636FEC2DFD844E3D394C3B342543AC68841 2018 2020-09-23 17:36:50Z REBECCA VAZQUEZ-SKILLINGS 70 N PROFESSOR ST OBERLIN OH 44074 326391691 0 X WWW.OBERLIN.EDU X 1834 OH OBERLIN COLLEGE AND CONSERVATORY EDUCATE STUDENTS FOR LIVES OF INTELLECTUAL, MUSICAL AND ARTISTIC RIGOR AND BREADTH, SUSTAINED INQUIRY, CREATIVITY AND INNOVATION, AND LEADERSHIP. OBERLIN AIMS TO PREPARE GRADUATES WITH THE KNOWLEDGE, SKILLS, AND PERSPECTIVES ESSENTIAL TO CONFRONT COMPLEX ISSUES AND TO CREATE CHANGE AND VALUE IN THE WORLD. 31 30 3780 1950 -1368079 -2426008 23752343 23083097 192834785 198797619 54800299 65905599 48546 42503 271435973 287828818 66098088 71424440 0 0 101843102 97973211 0 0 6531336 82665155 90617094 250606345 260014745 20829628 27814073 1384458402 1412767578 284820971 313613270 1099637431 1099154308 X SEE SCHEDULE O 0 0 236512434 71424440 198797619 OBERLIN COLLEGE IS A LIBERAL ARTS INSTITUTION MADE UP OF THE COLLEGE OF ARTS & SCIENCES AND THE CONSERVATORY OF MUSIC. THE COLLEGE SERVED 2,775 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS, AWARDING SCHOLARSHIPS TO 2,391 OF THEM. THE AVERAGE STUDENT RECEIVED $29,238 IN FINANCIAL AID. THE COLLEGE IS ESSENTIALLY RESIDENTIAL. THE BALANCE OF THE STUDENT BODY IS HOUSED IN PRIVATE OFF-CAMPUS HOUSING WITHIN THE CITY OF OBERLIN, OHIO. 236512434 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 899 0 1 3780 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 OH X REBECCA VAZQUEZ-SKILLINGS 4407758460 70 N PROFESSOR ST OBERLIN OH 44074 ALIYAH ABU-HAZEEM TRUSTEE 2.00 0.00 X 0 0 0 CHARLES S BIRENBAUM TRUSTEE 2.00 0.00 X 0 0 0 RICHARD T BRANDT TRUSTEE 2.00 0.00 X 0 0 0 BRIAN CABRAL TRUSTEE 2.00 0.00 X 0 0 0 T CHRISTOPHER CANAVAN TRUSTEE/CHAIR 16.00 0.00 X 0 0 0 ANNE CHEGE TRUSTEE 2.00 0.00 X 0 0 0 AMY CHEN TRUSTEE 4.00 0.00 X 0 0 0 MOTOKO T DEANE TRUSTEE 4.00 0.00 X 0 0 0 STEVE J DOLCEMASCHIO TRUSTEE 2.00 0.00 X 0 0 0 GIFTY DOMINAH TRUSTEE (UNTIL 9/15/2018) 2.00 0.00 X 0 0 0 FRANCISCO X DOMINGUEZ TRUSTEE 2.00 0.00 X 0 0 0 LILLIE JOHNSON EDWARDS TRUSTEE 4.00 0.00 X 0 0 0 KEVIN FLANIGAN TRUSTEE 2.00 0.00 X 0 0 0 SEAN P GAVIN TRUSTEE 2.00 0.00 X 0 0 0 JACOB A GAYLE TRUSTEE 2.00 0.00 X 0 0 0 EDWARD P HELMS TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA HOGAN TRUSTEE (UNTIL 9/7/2018) 2.00 0.00 X 0 0 0 CHARLENE DREW JARVIS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL E KAMARCK TRUSTEE 4.00 0.00 X 0 0 0 ERIC R KATZMAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID KRISCHER TRUSTEE 8.00 0.00 X 0 0 0 CHESLEY MADDOX-DORSEY TRUSTEE 8.00 0.00 X 0 0 0 EMILY MCCLINTOCK TRUSTEE 2.00 0.00 X 0 0 0 MINSOK PAK TRUSTEE 2.00 0.00 X 0 0 0 MOLLY RAPHAEL TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA SHANKS TRUSTEE 2.00 0.00 X 0 0 0 DAVID SHIPLEY TRUSTEE 2.00 0.00 X 0 0 0 LEANNE WAGNER TRUSTEE 2.00 0.00 X 0 0 0 LISA WALLER TRUSTEE 2.00 0.00 X 0 0 0 JAY WHITACRE TRUSTEE 2.00 0.00 X 0 0 0 ALAN WURTZEL TRUSTEE 4.00 0.00 X 0 0 0 GEORGIA YUAN TRUSTEE 4.00 0.00 X 0 0 0 CARMEN TWILLIE AMBER PRESIDENT 40.00 0.00 X X 472898 0 168741 HEIDI PYCRAFT CONTROLLER 40.00 0.00 X 113792 0 40027 JAINEN THAYER CHIEF INVESTMENT OFFICER 40.00 0.00 X 517345 0 54882 WILLIAM E BARLOW VP OF DEVELOPMENT & ALUMNI AFFAIRS 40.00 0.00 X 257765 0 47476 ANDREA E KALYN DEAN OF CONSERVATORY 40.00 0.00 X 241749 0 51695 TIMOTHY E ELGREN DEAN OF ARTS & SCIENCES 40.00 0.00 X 221479 0 64251 MARY JO DIEKMAN ASSOCIATE VP FOR FINANCE 40.00 0.00 X 161079 0 29265 ALAN J NORTON INTERIM VP FOR FINANCE 40.00 0.00 X 122961 0 6693 DONICA VARNER VP, GENERAL COUNSEL & SECRETARY 40.00 0.00 X 207560 0 43420 DAVID KAMITSUKA INTERIM DEAN OF ARTS & SCIENCES 40.00 0.00 X 210523 0 64816 REBECCA D VAZQUEZ-SKILLINGS VP FOR FINANCE 40.00 0.00 X 120910 0 17911 MEREDITH L RAIMONDO VP AND DEAN OF STUDENTS 40.00 0.00 X 171173 0 41652 MANUEL CARBALLO VP/DEAN OF ADMISSIONS & FIN. AID 40.00 0.00 X 175232 0 41780 HARRY N HIRSCH PROFESSOR 40.00 0.00 X 205399 0 42383 JOHN V DUCA PROFESSOR 40.00 0.00 X 183210 0 767 BENJAMIN R HOCKENHULL CHIEF INFORMATION TECHNOLOGY OFFICER 40.00 0.00 X 179198 0 27948 JEFFREY A WITMER PROFESSOR 40.00 0.00 X 172362 0 47213 MARILYN K MCDONALD PROFESSOR 40.00 0.00 X 169099 0 39865 CLAYTON R KOPPES INTERIM PRESIDENT (FORMER) 40.00 0.00 X 112784 0 28682 JOYCE BABYAK ACTING DEAN OF ARTS & SCI. (FORMER) 40.00 0.00 X 139473 0 41774 4155991 0 901241 192 1 1 0 MAROUS BROTHERS COMPANY 1702 JOSEPH LLOYD PARKWAY WILLOUGHBY OH 44094 CONSTRUCTION 18527563 PANZICA CONSTRUCTION CO 739 BETA DRIVE MAYFIELD HEIGHTS OH 44143 CONSTRUCTION 6234563 BON APPETIT MGMT CO 100 HAMILTON AVE SUITE 300 PALO ALTO CA 94301 FOOD SERVICES 6184755 ALBERT M HIGLEY CO 2926 CHESTER AVE CLEVELAND OH 44114 CONSTRUCTION 1552848 TAFT STETTINIUS HOLLISTER LLP 1200 PUBLIC SQ SUITE 3500 CLEVELAND OH 44114 ATTORNEY 1415806 42 1975169 21107928 2605484 23083097 TUITION AND FEES 900099 156975938 156975938 RESIDENTIAL & DINING SERVICES 900099 35776928 35776928 EDUCATIONAL ACTIVITIES 900099 4893896 4893896 AUXILIARY SERVICES 900099 569808 569808 SUMMER CONFERENCE PROGRAM 900099 534964 534964 46085 46085 198797619 3261189 -1368079 4629268 72435 29932 42503 42503 42503 101177351 38532941 62644410 62644410 62644410 287828818 198181726 -1368079 67932074 152998 152998 68424161 68424161 2847281 2847281 3383148 1129238 1891955 361955 68557796 63472297 2148349 2937150 6555811 6010304 281234 264273 14141141 12756956 651502 732683 5335315 4913928 212621 208766 981641 981641 120600 120600 2194551 2194551 10551643 9678058 617852 255733 1502777 1502777 13544421 13544421 3211537 2407810 456681 347046 6279511 6279511 21346272 21346272 FACILITIES EXPENSE 5690257 3248958 1620106 821193 STUDY AWAY PROGRAMS 5324586 5324586 INSTRUCTION EXPENSE 3168388 3168388 ANNUITY & RLIF PAYMENTS 1939233 1939233 14761677 10304490 3854650 602537 260014745 236512434 16970975 6531336 8382887 7161109 83817512 77974598 22195095 9826782 2209647 4708554 18681588 14048676 441163 265157 2465332 1772547 777245466 412219059 356845375 365026407 562247948 585987817 315497177 336221777 11674678 9774154 1384458402 1412767578 57649971 90837482 964808 460059 183952930 175032961 10372151 11387933 16740000 21020000 15141111 14874835 284820971 313613270 X 318029349 226721752 466345291 548847286 315262791 323585270 1099637431 1099154308 1384458402 1412767578 X 27814073 7744778 -36041974 X 0 1 X 1 1 1 X 30565377 39365045 24750983 23752343 23083097 141516845 30565377 39365045 24750983 23752343 23083097 141516845 5302937 136213908 4402930 4854092 2688437 2297486 3333624 17576569 159093414 958827675 0.85620 0.86570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329043 7308113 X X X X 0 0 1 X 886966355 18829532 59032360 11663904 28429001 131112 924604230 819945114 13001409 98147231 11844320 32018740 264339 886966355 753148709 10382089 97725520 11973623 28761737 575844 819945114 814003228 14676874 -35665275 11928644 27937474 753148709 808453260 25359611 17423120 10544395 26688368 814003228 0.16850 0.31360 0.51790 0 0 7684115 7684115 494529806 235025695 259504111 229909018 177193364 52715654 45122527 45122527 365026407 FUNDS HELD IN TRUST BY OTHERS 18426569 F NATURAL RESOURCES INVESTMENTS 19924922 F VENTURE CAPITAL AND OTHER ALTERNATIVE INVESTMENTS 297870286 F 336221777 ANNUITY OBLIGATION 14874835 14874835 X 220749637 7744778 5533550 13278328 207471309 2194551 78162958 80357509 287828818 221936458 38264516 38264516 183671942 2194551 74148252 76342803 260014745 PART III, LINE 1A: THE COLLEGE HAS ELECTED NOT TO CAPITALIZE CONTRIBUTED COLLECTIONS. ALL WORKS OF ART AND COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO POLICIES GOVERNING THEIR USE. RECOGNIZING WORKS OF ART AS AN ASSET OF THE INSTITUTION WOULD RESULT IN A MATERIAL INCREASE IN PROPERTY, PLANT AND EQUIPMENT AND A CORRESPONDING INCREASE IN NET ASSETS IN THE STATEMENTS OF FINANCIAL POSITION PART III, LINE 4: THE ALLEN MEMORIAL ART MUSEUM (AMAM) IS ONE OF THE FINEST COLLEGE OR UNIVERSITY COLLECTIONS IN THE UNITED STATES. COMPRISING NEARLY 14,000 WORKS OF ART FROM VIRTUALLY EVERY CULTURE AND SPANNING THE HISTORY OF ART, THE AMAM'S COLLECTION IS A VITAL CULTURAL RESOURCE FOR THE STUDENTS, FACULTY, AND STAFF OF OBERLIN COLLEGE AS WELL AS THE SURROUNDING COMMUNITY. THE MUSEUM ORGANIZES A VARIETY OF PUBLIC PROGRAMS IN CONNECTION WITH EXHIBITIONS FOR OBERLIN COLLEGE AND THE LOCAL COMMUNITY. THE MUSEUM OFFERS EDUCATIONAL RESOURCES FOR OBERLIN COLLEGE FACULTY AND STUDENTS AS WELL AS OTHER COLLEGES AND UNIVERSITIES, K-12 TEACHERS, CHILDREN, AND FAMILIES. PART IV, LINE 2B: IN ADDITION TO FUNDS FROM STUDENT ORGANIZATIONS, THE COLLEGE MAINTAINS AGENCY FUNDS FOR VARIOUS PURPOSES INCLUDING FELLOWSHIPS FUNDED BY OUTSIDE FOUNDATIONS. PART V, LINE 4: OBERLIN COLLEGE'S ENDOWMENT SPENDING POLICY IS SET BY THE COLLEGE'S BOARD OF TRUSTEES. THE BOARD OF TRUSTEES TAKES GREAT CARE IN DEVELOPING THE BROAD OBJECTIVES AND SPECIFIC SPENDING METHODOLOGY, GIVING CONSIDERATION TO A NUMBER OF FACTORS, INCLUDING PRESERVATION OF THE COLLEGE'S ENDOWMENT FOR PERPETUITY, ECONOMIC CONDITIONS AND THE POSSIBLE IMPACT OF INFLATION AND DEFLATION, THE COLLEGE'S HISTORICAL TOTAL RETURN ON ENDOWMENT, THE EXPECTED TOTAL RETURNS AND THE RELATED INVESTMENT POLICIES AND TARGETED ALLOCATIONS TO ACHIEVE THE EXPECTED RETURNS, AND THE OTHER FINANCIAL RESOURCES OF THE COLLEGE. THE BROAD OBJECTIVES OF THE ENDOWMENT SPENDING POLICY ARE TO INCREASE THE REAL VALUE OF THE ENDOWMENT, TO PROVIDE A DEPENDABLE STREAM OF CURRENT EARNINGS DISTRIBUTION FROM THE ENDOWMENT POOL TO THE COLLEGE, TO RELEASE EARNINGS AT A RATE SUSTAINABLE OVER THE LONG TERM, AND TO SEEK TO PROVIDE PREDICTABILITY AND STABILITY OF ENDOWMENT SPENDING ESSENTIAL FOR LONG-RANGE PLANNING. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE COLLEGE GENERATES MINOR AMOUNTS OF UNRELATED BUSINESS INCOME, ANNUALLY FILES FORM 990-T AND PAYS TAXES ON SUCH INCOME. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE, THE CONTINUED TAX-EXEMPT STATUS OF BONDS ISSUED BY THE COLLEGE AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED TAXABLE INCOME. THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2019, THE COLLEGE'S INCOME TAX YEARS FROM 2015 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF AFFILIATES THAT WAS INCLUDED IN CONSOLIDATED AFS 5,503,618. RENTAL EXPENSES NETTED WITH RENTAL REVENUE 29,932. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAP LIABILITY 4,014,706. STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF TUITION REVENUE IN CONSOLIDATED AFS BUT AS AN EXPENSE IN PART IX OF FORM 990 71,224,442. REDESIGNATED FUNDS 2,923,810. PART XII, LINE 2D - OTHER ADJUSTMENTS: POST-RETIREMENT BENEFIT OBLIGATION ADJUSTMENT 412,267. EXPENSES OF AFFILIATES THAT WAS INCLUDED IN CONSOLIDATED AFS 6,207,317. LEGAL CONTINGENCY 31,615,000. RENTAL EXPENSES NETTED WITH RENTAL REVENUE 29,932. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF TUITION REVENUE IN CONSOLIDATED AFS BUT AS AN EXPENSE IN PART IX OF FORM 990 71,224,442. REDESIGNATED FUNDS 2,923,810. 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 PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADVERTISING, THE COLLEGE COURSE CATALOG, THE STUDENT REGULATIONS, POLICIES AND PROCEDURES PUBLICATION, AND EMPLOYEE HANDBOOKS. THE COLLEGE FOLLOWS A VOLUNTARY AFFIRMATIVE ACTION PLAN. SCHEDULE E, PART I, LINE 6 OBERLIN COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 343773772 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMETNTS 27784093 NORTH AMERICA 0 0 INVESTMENTS 1628189 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 54662 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 914708 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAMS 3087908 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 92839 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 76527 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 373812 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 295949 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 139850 0 2 0 0 0 2 377412698 809611 378222309 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 37850 CREDIT TO ACCOUNT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 25 341320 CREDIT TO ACCOUNT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 145 1971056 CREDIT TO ACCOUNT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 5 64078 CREDIT TO ACCOUNT SCHOLARSHIPS NORTH AMERICA 5 82593 CREDIT TO ACCOUNT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 10 114591 CREDIT TO ACCOUNT SCHOLARSHIPS SOUTH AMERICA 12 166430 CREDIT TO ACCOUNT SCHOLARSHIPS SUB-SAHARAN AFRICA 5 69363 CREDIT TO ACCOUNT 1 0 1 1 1 1 PART I, LINE 2: THE COLLEGE ENSURES THAT ITS GRANTS ARE USED FOR EDUCATIONAL PURPOSES BY APPLYING THE FINANCIAL AID AWARDS DIRECTLY TO THE STUDENTS' ACCOUNTS FOR THOSE STUDENTS THAT STUDY ABROAD IN THE COLLEGE'S LONDON AND ITALY PROGRAMS. 1 CITY OF OBERLIN FIRE DEPARTMENT 85 SOUTH MAIN STREET OBERLIN OH 44074 346002073 115 31000 FMV PAYMENT 2 OF 7 TOWARDS FIRE TRUCK OBERLIN COMMUNITY SERVICES CENTER 285 SOUTH PROFESSOR STREET OBERLIN OH 44074 340907948 501C3 18610 FMV GREEN EDGE FUND GRANT OBERLIN EARLY CHILDHOOD CENTER 317 EAST COLLEGE STREET OBERLIN OH 44074 237313925 501C3 38000 FMV GENERAL GRANT OBERLIN FOOD HUB INC 23 ERIC NORD WAY SUITE 9 OBERLIN OH 44074 821827133 501C3 9800 FMV GREEN EDGE FUND GRANT OBERLIN UNDERGROUND RAILROAD SOCIETY PO BOX 426 OBERLIN OH 44074 510505692 501C3 12500 FMV GREEN EDGE FUND GRANT OUR FAMILY FATHERS AND MOTHERS INVOLVED IN LOCAL YOUTH 234 HEMLOCK DR ELYRIA OH 44035 208535326 501C3 8154 FMV GREEN EDGE FUND GRANT PROVIDING OBERLIN WITH EFFICIENCY RESPONSIBLY INC 81 LOCUST ST OBERLIN OH 44074 272327255 501C3 20000 FMV GREEN EDGE FUND GRANT WESTERN RESERVE LAND CONSERVANCY 3850 CHAGRIN RIVER ROAD MOORELAND HILLS OH 44022 341571233 501C3 14934 FMV GREEN EDGE FUND GRANT 8 0 SCHOLARSHIPS 2682 68377161 FMV LAUNCHU ENTREPRENEURIAL GRANTS 10 47000 FMV PART I, LINE 2: THE COLLEGE ENSURES THAT ITS GRANTS OF STUDENT FINANCIAL AID ARE USED FOR THE INTENDED EDUCATIONAL PURPOSE BY APPLYING THE AWARDS DIRECTLY TO THE STUDENTS' TUITION BALANCES INSTEAD OF ISSUING CHECKS. THE COLLEGE ALSO MAKES ENTREPRENEURIAL AND ENVIRONMENTAL GRANTS THROUGH ITS LAUNCH U PROGRAM AND GREEN EDGE FUND. POTENTIAL GRANTEES SUBMIT APPLICATIONS FOR THE GRANTS, AND AFTER A RIGOROUS REVIEW PROCESS, GRANTS ARE AWARDED. GRANTEES ARE REQUIRED TO SUBMIT REPORTS WHICH INDICATE HOW THE GRANT FUNDS WERE SPENT. X 1 1 X X X 0 0 0 0 0 0 0 1 0 CARMEN TWILLIE AMBER PRESIDENT 467516 0 0 0 5382 0 133150 0 35591 0 641639 0 0 0 HEIDI PYCRAFT CONTROLLER 113420 0 0 0 372 0 16775 0 23252 0 153819 0 0 0 JAINEN THAYER CHIEF INVESTMENT OFFICER 246751 0 270436 0 158 0 29327 0 25555 0 572227 0 0 0 WILLIAM E BARLOW VP OF DEVELOPMENT & ALUMNI AFFAIRS 256577 0 0 0 1188 0 35939 0 11537 0 305241 0 0 0 ANDREA E KALYN DEAN OF CONSERVATORY 241335 0 0 0 414 0 28640 0 23055 0 293444 0 0 0 TIMOTHY E ELGREN DEAN OF ARTS & SCIENCES 220705 0 0 0 774 0 31935 0 32316 0 285730 0 0 0 MARY JO DIEKMAN ASSOCIATE VP FOR FINANCE 160748 0 0 0 331 0 19479 0 9786 0 190344 0 0 0 DONICA VARNER VP, GENERAL COUNSEL & SECRETARY 207296 0 0 0 264 0 11654 0 31766 0 250980 0 0 0 DAVID KAMITSUKA INTERIM DEAN OF ARTS & SCIENCES 209749 0 0 0 774 0 30363 0 34453 0 275339 0 0 0 MEREDITH L RAIMONDO VP AND DEAN OF STUDENTS 170943 0 0 0 230 0 20396 0 21256 0 212825 0 0 0 MANUEL CARBALLO VP/DEAN OF ADMISSIONS & FIN. AID 175064 0 0 0 168 0 5067 0 36713 0 217012 0 0 0 HARRY N HIRSCH PROFESSOR 203113 0 0 0 2286 0 28784 0 13599 0 247782 0 0 0 JOHN V DUCA PROFESSOR 182500 0 0 0 710 0 0 0 767 0 183977 0 0 0 BENJAMIN R HOCKENHULL CHIEF INFORMATION TECHNOLOGY OFFICER 178955 0 0 0 243 0 15417 0 12531 0 207146 0 0 0 JEFFREY A WITMER PROFESSOR 171691 0 0 0 671 0 24687 0 22526 0 219575 0 0 0 MARILYN K MCDONALD PROFESSOR 168036 0 0 0 1063 0 23588 0 16277 0 208964 0 0 0 CLAYTON R KOPPES INTERIM PRESIDENT (FORMER) 110806 0 0 0 1978 0 15760 0 12922 0 141466 0 0 0 JOYCE BABYAK ACTING DEAN OF ARTS & SCI. (FORMER) 138720 0 0 0 753 0 19888 0 21886 0 181247 0 0 0 PART I, LINE 1A THE COLLEGE REQUIRES ITS PRESIDENT TO LIVE ON-CAMPUS AND HAS PROVIDED SUITABLE HOUSING. THE PRESIDENT'S HOME IS USED SUBSTANTIALLY FOR COLLEGE BUSINESS INCLUDING MEETINGS WITH STAFF AND STUDENTS, MEETINGS WITH ALUMNI AND DONORS, AND OTHER COLLEGE-RELATED MATTERS. THE COLLEGE DOES NOT TREAT THE VALUE OF THE HOUSING PROVIDED AS TAXABLE COMPENSATION TO THE PRESIDENT. PART I, LINE 7 THE FOLLOWING INDIVIDUAL RECEIVED NON-FIXED PAYMENTS RECORDED ON PART II, COLUMN B(II). JAINEN THAYER: BONUS/INCENTIVE COMPENSATION BASED ON PERFORMANCE OF THE ENDOWMENT $270,436 A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AP55 2009-10-01 78715883 SEE PART VI 0 0 0 B OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DBZ8 2013-09-12 55692997 SEE PART VI 0 0 0 C OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BZU7 2014-09-16 53860000 SEE PART VI 0 0 0 D OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DNB8 2017-04-12 43220316 SEE PART VI 0 0 0 A 78715883 78007350 684258 24275 2009 1 0 1 1 B 55699572 40106763 419058 15173751 2015 1 0 1 1 C 53860000 53660000 200000 2014 1 0 1 1 D 43576304 17424343 26151961 0 1 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 01/06/2015 PART I, COLUMN (F) - DESCRIPTION OF PURPOSE ROW A - EDUCATIONAL FACILITIES; INCLUDES REFUNDING OF SERIES 1999 (2-1-1999), SERIES 2005 (12-14-2005), AND SERIES 2006 (1-12-2006). THIS BOND IS TREATED AS PART OF TWO SEPARATE ISSUES PURSUANT TO, AND TO THE EXTENT SET FORTH IN, TREASURY REGULATION SECTION 1.150-1(C)(3). ROW B - EDUCATIONAL FACILITIES; INCLUDES REFUNDING OF SERIES 2003 (8-26-2003). ROW C - EDUCATIONAL FACILITIES; INCLUDES REFUNDING OF SERIES 2008 (4-18-2008) AND A PORTION OF SERIES 2009 (10-1-2009). THIS BOND IS TREATED AS PART OF TWO SEPARATE ISSUES PURSUANT TO, AND TO THE EXTENT SET FORTH IN, TREASURY REGULATION SECTION 1.150-1(C)(3). ROW D - EDUCATIONAL FACILITIES; INCLUDES PARTIAL ADVANCE REFUNDING OF SERIES 2009 (10-1-2009) AND NEW MONEY. X 29 329043 APPRAISAL X 14500 APPRAISAL X 107 2156441 FMV X 1000 46990 APPRAISAL X MUSICAL INSTRUMENTS 11 58510 COST/APPRAISAL 19 0 1 1 PART I, COLUMN (B): USING A COMBINATION OF THE TWO METHODS ABOVE PART I, LINE 32B: USE OF THIRD PARTIES - THE COLLEGE UTILIZES A SECURITIES BROKER TO SELL DONATED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT OR BELOW FAIR MARKET VALUE. FORM 990, PART 1, LINE 6, NUMBER OF VOLUNTEERS THE ALUMNI ASSOCIATION WOULD NOT BE ABLE TO SUPPORT SUCH A WIDE RANGE OF PROGRAMS AND ACTIVITIES WITHOUT THE DEDICATION AND COMMITMENT OF MANY ALUMNI. WE VALUE THE CONTRIBUTIONS OF ALUMNI AND ENCOURAGE THEM TO FIND A VOLUNTEER ACTIVITY OF INTEREST. WE OFFER MANY WAYS FOR ALUMNI TO STAY ENGAGED AND TO SUPPORT THE COLLEGE AND OUR STUDENTS. VOLUNTEERS CAN: -GET INVOLVED WITH A REGIONAL OR INTERNATIONAL CLUB. -RECRUIT NEW STUDENTS FOR OBERLIN AS AN ALUMNI ADMISSIONS RECRUITER. -ATTEND AN ADMISSIONS FAIR OR HOST AN ADMISSIONS GATHERING. -BECOME AN ALUMNI ADVISOR ON OUR ONLINE NETWORKING PLATFORM, WISR. -ENCOURAGE OTHERS TO MAKE A DIFFERENCE THROUGH FUNDRAISING AS A CLASS AMBASSADOR. -VOLUNTEER FOR AN AFFINITY OR CHARTERED GROUP. -SERVE ON THE ALUMNI LEADERSHIP COUNCIL OR A WORKING COMMITTEE. -SERVE ON A REUNION PLANNING COMMITTEE. -OFFER SUMMER AND WINTER TERM INTERNSHIPS. -SERVE AS A SOCIAL MEDIA AMBASSADOR. -HOST A STUDENT INTERN IN THEIR HOME. -HOST AN EVENT IN THEIR HOME OR OFFICE. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: OBERLIN COLLEGE AND CONSERVATORY EDUCATE STUDENTS FOR LIVES OF INTELLECTUAL, MUSICAL AND ARTISTIC RIGOR AND BREADTH, SUSTAINED INQUIRY, CREATIVITY AND INNOVATION, AND LEADERSHIP. OBERLIN AIMS TO PREPARE GRADUATES WITH THE KNOWLEDGE, SKILLS, AND PERSPECTIVES ESSENTIAL TO CONFRONT COMPLEX ISSUES AND TO CREATE CHANGE AND VALUE IN THE WORLD. OBERLIN IS COMMITTED TO EDUCATIONAL ACCESS AND OPPORTUNITY, EMBRACES A DIVERSE AND INCLUSIVE RESIDENTIAL LEARNING ENVIRONMENT DEFINED BY A FREE AND RESPECTFUL EXCHANGE OF IDEAS, AND SHARES AN ENDURING COMMITMENT TO A SUSTAINABLE AND JUST SOCIETY. CORE VALUES DERIVED FROM OUR MISSION INCLUDE: - EDUCATIONAL EXCELLENCE: THE COLLEGE OF ARTS AND SCIENCES AND CONSERVATORY OF MUSIC ARE COMMITTED TO EDUCATING STUDENTS TO ACHIEVE ACADEMIC AND MUSICAL EXCELLENCE IN AN ENVIRONMENT WHERE EQUITY, DIVERSITY, AND INCLUSION ARE A CENTRAL MODE FOR ACHIEVING SUCH EXCELLENCE. AN OBERLIN EDUCATION PREPARES STUDENTS FOR SUCCESSFUL LIVES, CAREERS, AND LEADERSHIP BY ENABLING THEM TO SEE AND DEVELOP MEANINGFUL CONNECTIONS AND INTEGRATION WITH ALL ASPECTS OF THEIR OBERLIN EXPERIENCE, AND WITH THE WIDER WORLD. THE OBERLIN CONSERVATORY PROVIDES PROFESSIONAL EDUCATION AT THE HIGHEST LEVEL, ENABLING STUDENTS TO REACH THEIR GREATEST POTENTIAL BOTH AS MUSICIANS AND INDIVIDUALS, AND TO ATTAIN SKILLS AND PERSPECTIVES NOT ONLY IN MUSIC, BUT IN OTHER DISCIPLINES THAT WILL PREPARE THEM TO BECOME LEADERS. - DIVERSITY AND COMMUNITY: A DIVERSE RESIDENTIAL COMMUNITY IS CRITICAL TO FOSTERING THE SPECTRUM OF PERSPECTIVES, INTERACTIONS, AND APPROACHES UPON WHICH THE MOST EFFECTIVE TEACHING AND LEARNING DEPEND. - STEWARDSHIP: OBERLIN SEEKS LIFE-LONG ENGAGEMENT WITH AND WISE STEWARDSHIP OF THE INSTITUTION BY STUDENTS, PARENTS, FACULTY, STAFF, AND ALUMNI. - SUSTAINABILITY: OBERLIN REMAINS COMMITTED TO LEADERSHIP IN ENVIRONMENTAL SUSTAINABILITY AND EDUCATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES DELEGATED THE TASK OF REVIEWING FORM 990 TO THE AUDIT COMMITTEE, PURSUANT TO THE COLLEGE'S BY-LAWS AND APPROVED VIA A VOTE OF THE ENTIRE BOARD. AN ELECTRONIC DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE AUDIT COMMITTEE IN ADVANCE OF ITS MEETING ON MAY 4, 2020, FOR REVIEW. FOLLOWING THE REVIEW WITH THE OUTSIDE PUBLIC ACCOUNTING FIRM, THE AUDIT COMMITTEE APPROVED FORM 990. BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE, THE COLLEGE HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE AT LEAST ANNUALLY, AND WITHIN THIRTY DAYS AFTER A MATERIAL CHANGE, ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST, VIA A DISCLOSURE FORM THAT IS CIRCULATED, ALONG WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY, TO ALL SUCH INDIVIDUALS. THE GENERAL COUNSEL AND SECRETARY OF THE COLLEGE REVIEWS AND ANALYZES ANY CONFLICTS AND MAINTAINS COPIES OF DISCLOSURE STATEMENTS. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY ARE COMMUNICATED TO THE CHAIR OF THE AUDIT COMMITTEE AND THE CONTROLLER OF THE COLLEGE, INVESTIGATED BY THE COLLEGE, AND PROMPTLY CORRECTED, INCLUDING, WHERE APPLICABLE, DISCIPLINARY ACTION, UP TO THE INDIVIDUAL'S REMOVAL FROM HIS OR HER POSITION. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE COLLEGE'S BY-LAWS, APPROVED VIA A VOTE OF THE FULL BOARD, THE COMPENSATION ARRANGEMENTS FOR THE PRESIDENT AND SELECT OFFICERS AND KEY EMPLOYEES ARE APPROVED IN ADVANCE THROUGH THE FOLLOWING PROCESS. THE COMPENSATION SUBCOMMITTEE OF THE BOARD'S EXECUTIVE COMMITTEE ORGANIZES AND CONDUCTS THE REVIEW OF THE PRESIDENT AS THE COLLEGE'S CHIEF EXECUTIVE OFFICER, AND MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE AND THE BOARD CONCERNING THE COMPENSATION OF THE PRESIDENT AND SELECT OFFICERS AND KEY EMPLOYEES. THE COMPENSATION SUBCOMMITTEE CONSISTS OF TRUSTEES WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IN FORMULATING ITS RECOMMENDATIONS, THE COMPENSATION SUBCOMMITTEE OBTAINS AND RELIES UPON COMPARABILITY DATA REGARDING THE COMPENSATION OF THE PRESIDENT AND SELECT OFFICERS AND KEY EMPLOYEES AT SIMILARLY SITUATED PRIVATE COLLEGES AND UNIVERSITIES. THE SUBCOMMITTEE PRESENTS TO THE EXECUTIVE COMMITTEE ITS WRITTEN REPORT AND RECOMMENDATIONS. THE EXECUTIVE COMMITTEE MAY APPROVE THE SUBCOMMITTEE'S REPORT AND RECOMMENDATIONS OR ACT OTHERWISE, AND THE EXECUTIVE COMMITTEE'S ACTION IS THEN PRESENTED TO THE FULL BOARD IN EXECUTIVE SESSION FOR RATIFICATION. A WRITTEN REPORT OF THE APPROVED COMPENSATION DETERMINATION AND THE BASIS FOR THAT DETERMINATION IS SUBSEQUENTLY FILED AND PRESERVED WITH THE COLLEGE'S GENERAL COUNSEL AND SECRETARY. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ITS AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE. THE COLLEGE DOES NOT MAKE ITS CONFLICT POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 16B - JOINT VENTURE POLICY THE COLLEGE'S PROCESS REGARDING MAKING INVESTMENTS, INITIATING CAPITAL PROJECTS, AND CREATING NEW SUBSIDIARIES REQUIRES THOROUGH BOARD REVIEW AND APPROVAL. THE COLLEGE HAS REVIEWED WITH ITS BOARD ITS PARTICIPATION IN ITS EXISTING JOINT VENTURES AND ENSURED THAT THE COLLEGE'S TAX-EXEMPT STATUS HAS NOT BEEN COMPROMISED. THE COLLEGE FORMED TWO FOR-PROFIT ENTITIES THAT ARE CURRENTLY TREATED AS "JOINT VENTURES." THESE FOR-PROFIT ENTITIES WERE FORMED TO FACILITATE THE QUALIFICATION FOR AND USE OF HISTORIC AND OTHER TAX CREDITS FOR THE COLLEGE'S APOLLO THEATER BUILDING RENOVATION. APOLLO THEATER HOLDINGS, INC. IS 100% OWNED BY THE COLLEGE, AND APOLLO THEATER, LCC IS 98.8% OWNED BY THE COLLEGE. AS SUCH, THE COLLEGE HAS SUFFICIENT CONTROL TO ENSURE THAT THE FOR-PROFIT ENTITIES OPERATE IN A MANNER THAT FURTHERS THE EXEMPT PURPOSES OF THE COLLEGE. THE COLLEGE FORMALIZED IN A WRITTEN POLICY THESE EXISTING PROCEDURES AND PROCESSES REGARDING ITS PARTICIPATION IN JOINT VENTURES WITH FOR-PROFIT ENTITIES, AND THE POLICY WAS APPROVED BY THE BOARD IN JUNE OF 2013. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP LIABILITY -4,014,707. POST-RETIREMENT BENEFIT OBLIGATION ADJUSTMENT -412,267. LEGAL CONTINGENCY -31,615,000. COLLEGE PROPERTIES OF OBERLIN INC 173 W LORAIN ST OBERLIN OH 44074 341658407 PROPERTY HOLDING OH 501(C)(3) LINE 12A, I OBERLIN COLLEGE 1 COLLEGE PROPERTIES OF SOUTHWEST FLORIDA 173 W LORAIN ST OBERLIN OH 44074 341568219 PROPERTY HOLDING OH 501(C)(3) LINE 12A, I OBERLIN COLLEGE 1 COLLEGE PROPERTIES OF NORTHERN OHIO INC 173 W LORAIN ST OBERLIN OH 44074 340960554 PROPERTY HOLDING OH 501(C)(3) LINE 12A, I OBERLIN COLLEGE 1 OBERLIN SHANSI MEMORIAL ASSOCIATION 173 W LORAIN ST OBERLIN OH 44074 340768350 EDUCATIONAL OH 501(C)(3) LINE 12C, III-FI N/A 0 OBERLIN COLLEGE BROADCASTING INC 70 N PROFESSOR ST OBERLIN OH 44074 263344852 BROADCASTING EDUCATION OH 501(C)(3) LINE 12A, I OBERLIN COLLEGE 1 THE FIVE COLLEGES OF OHIO 209 CHASE AVENUE EATON CENTER GAMBIER OH 43022 311440434 EDUCATIONAL CONSORTIUM OH 501(C)(3) LINE 12A, I N/A 0 GREAT LAKES COLLEGES ASSOCIATION 535 WEST WILLIAM ANN ARBOR MI 48103 381678376 EDUCATIONAL CONSORTIUM MI 501(C)(3) LINE 12A, I N/A 0 ASSOCIATED KYOTO PROGRAM 173 W LORAIN ST OBERLIN OH 44074 042996114 STUDY ABROAD PROGRAM MA 501(C)(3) LINE 12C, III-FI N/A 0 APOLLO THEATER LLC 173 W LORAIN STREET OBERLIN OH 44074 453182023 RENTAL OH APOLLO THEATER HOLDINGS INC EXCLUDED -201267 0 1 0.98800 APOLLO THEATER HOLDINGS INC 173 W LORAIN STREET OBERLIN OH 44074 453181852 HOLDING CO. OH OBERLIN COLLEGE C 1.00000 1 CHARITABLE REMAINDER TRUSTS (36) 173 W LORAIN STREET OBERLIN OH 44074 CHARITABLE TRUST OH T 0 CHARITABLE REMAINDER TRUSTS (1) 173 W LORAIN STREET OBERLIN OH 44074 CHARITABLE TRUST NY T 0 CHARITABLE REMAINDER TRUSTS (1) 173 W LORAIN STREET OBERLIN OH 44074 CHARITABLE TRUST WA T 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 COLLEGE PROPERTIES OF NORTHERN OHIO D 22367299 FMV