2019-05-06T18:45:50-07:00 2018-06-30 990 2017-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Robert Tust Associate Treasurer and Controller 5037777505 2019-05-06 134.10.129.125 2017 2020-01-14 16:20:31Z REED COLLEGE Robert Tust 3203 SE Woodstock Blvd Portland OR 97202 285323073 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 36 35 1847 198 366715 13575081 20541413 85884749 90797002 4970510 5189020 -73998 -67416 104356342 116460019 28268227 27159916 0 0 54030519 58930158 0 0 4586556 37154617 35861069 119453363 121951143 -15097021 -5491124 751616019 820270782 133643296 165223973 617972723 655046809 The mission of Reed College is to provide education in the liberal arts and sciences. 0 0 1157968 0 1157968 The Institute had 24 research grants funded with federal funds. Departments funded were Biology, Chemistry, Financial Aid, Math, Psychology, Sociology, Economics and the Reactor. 93243790 27159916 74729022 1,472 FTE Students, 287 degrees conferred 17/18. 17161037 0 14910012 Auxiliary services - students living in dorms, using dining facilities and bookstore. 0 0 0 111562795 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 1819 0 1 1847 1 1 1 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 Jay M Hubert '66 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 John R Kroger President 40 0.1 X X 452864 0 29034 Hugh Porter VP/College Relations 40 0 X 309530 0 41878 Lorraine Arvin VP and Treasurer 40 0.1 X 307365 0 28998 Nigel J Nicholson Dean of the Faculty 40 0.1 X 225596 0 35365 Michael Brody VP & Dean of Student Services 40 0 X 214343 0 34584 Milyon Trulove VP and Dean of Admission and Financial Aid 40 0 X 184621 0 28358 Amanda Heaton Executive Director of Communications and Public Affairs 40 0 X 166151 0 25743 Myron Angell Director of Facilities Operations 40 0 X 164807 0 22608 Martin Ringle Chief Information Officer 40 0 X 163171 0 22336 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 40 0 X 154678 0 21556 Christine Pearson Director of Principal Gifts 40 0 X 152259 0 21565 2495385 0 312025 93 0 1 0 Reimers & Jolivette Inc 2344 NW 24th Ave Portland OR 972102132 Construction 4862428 Bon Appetit Suite 100 2730 Sand Hill Road Menlo Park CA 94025 Food service 3698314 Zimmer Gunsul Frasca Architects LLP 1223 SW Washington St Ste 200 Portland OR 97205 Architects 2274450 Harrassowitz 820 University Blvd South Ste 2C Mobile AL 36609 Library services 1433512 Washington Roofing Co 1700 SW Hwy 18 McMinnville OR 97128 Construction 532072 22 0 0 0 0 1280240 19261173 5121518 20541413 Tuition and fees 611710 74619894 74619894 0 0 Auxiliary-dorm fees 611710 6974190 6974190 0 0 Auxiliary-cafeteria fees 611710 6240151 6240151 0 0 Auxiliary-bookstore fees 611710 1298926 1298926 0 0 Other fees 611710 1663841 1663841 0 0 0 0 0 0 90797002 367731 0 366715 1016 -4848748 0 0 -4848748 0 0 0 0 284080 0 351496 0 -67416 0 -67416 0 0 -67416 178181595 0 168511558 0 9670037 0 9670037 0 0 9670037 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116460019 90797002 366715 4754889 0 27159916 27159916 0 0 0 0 1968388 769374 834155 364859 0 0 0 0 40383251 35877594 2062358 2443299 3480144 3080957 188735 210452 10155830 8816699 684861 654270 2942545 2551363 198146 193036 0 0 0 0 500263 303508 186584 10171 204536 118789 81315 4432 0 0 0 0 0 0 0 0 0 0 11757611 11246276 370859 140476 0 0 0 0 7330984 6982540 200840 147604 1512889 1490127 8679 14083 0 0 0 0 1955070 1840112 97558 17400 2398918 2001251 109347 288320 0 0 0 0 0 0 0 0 2146030 2019843 107087 19100 0 0 0 0 5683549 5349356 283609 50584 886364 594555 276725 15084 1484855 1360535 110934 13386 121951143 111562795 5801792 4586556 54533 38381 26540251 6305180 7021910 8235032 621537 732569 0 0 0 0 4955667 4578098 0 0 444906 594631 240047485 99517242 134133200 140530243 101230121 138170063 474792218 493699906 1821676 27386679 751616019 820270782 7464420 8407632 1143600 1207121 77424012 110226899 59502 47551762 45382321 133643296 165223973 X 340737944 360852405 105400313 115378177 171834466 178816227 617972723 655046809 751616019 820270782 -5491124 42565210 0 0 0 0 X 0 1 X 1 1 1 X 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 469540315 5272650 73116008 7227447 15728428 523632 524449466 0.53 0.31 0.16 0 0 0 8983895 8983895 0 215466563 85149249 130317314 0 0 0 0 0 15597027 14367993 1229034 0 0 0 0 140530243 Alternative investments 493699906 F 493699906 Postretirement benefits payable 26432053 Liability for split-interest agreements 11783120 Refundable loan programs 1820048 Asset retirement obligation 3073572 Swap derivative 824712 Other 1448816 45382321 133018668 42565210 0 0 0 42565210 90453458 0 26006561 26006561 116460019 96063813 0 0 0 0 0 96063813 0 25887330 25887330 121951143 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 26,359,478; Rental expenses -351,496; Other -1,421 Schedule D, Part XII, Line 4b Scholarships 26,359,478; Odyssey -87,344; Grayco -33,308; Rental expenses -351,496 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 24963241 East Asia and the Pacific 0 0 Investments 11548121 Europe (including Iceland and Greenland) 0 0 Investments 1177841 0 0 37689203 1 0 0 1 1 0 1 Reed Grants 759 26354851 0 Oregon State Grants 27 55856 0 Other Awards 107 749209 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 1 1 X X X 0 0 0 0 0 0 0 0 0 John R Kroger President 452864 0 0 0 0 0 27500 0 1534 0 481898 0 0 0 Hugh Porter VP/College Relations 309530 0 0 0 0 0 27500 0 14378 0 351408 0 0 0 Lorraine Arvin VP and Treasurer 307365 0 0 0 0 0 27500 0 1498 0 336363 0 0 0 Nigel J Nicholson Dean of the Faculty 225596 0 0 0 0 0 20992 0 14373 0 260961 0 0 0 Michael Brody VP & Dean of Student Services 214343 0 0 0 0 0 20229 0 14355 0 248927 0 0 0 Milyon Trulove VP and Dean of Admission and Financial Aid 184621 0 0 0 0 0 17164 0 11194 0 212979 0 0 0 Amanda Heaton Executive Director of Communications and Public Affairs 166151 0 0 0 0 0 15254 0 10489 0 191894 0 0 0 Myron Angell Director of Facilities Operations 164807 0 0 0 0 0 14859 0 7749 0 187415 0 0 0 Martin Ringle Chief Information Officer 163171 0 0 0 0 0 14594 0 7742 0 185507 0 0 0 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 154678 0 0 0 0 0 16004 0 5552 0 176234 0 0 0 Christine Pearson Director of Principal Gifts 152259 0 0 0 0 0 13847 0 7718 0 173824 0 0 0 Schedule J, Part I, Line 1a Housing is required as a condition of employment for the President. Residence cleaning is also provided for the President. 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 3709367 0 25983821 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 80 4951518 market value X 1 170000 appraisal 0 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. Odyssey Property Holdings Inc 3203 SE Woodstock Blvd Portland OR 97202 200779531 acquire, develop, and hold title to property OR 501(c)(2) The Reed Institute 1 Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute C 70000 1224365 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 1 0 0 0 Grayco Resources Inc k 70000 Lease agreement Grayco Resources Inc s 60000 Loan payments