2019-05-10T09:26:05-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2017-07-01 420772559 DORDT COLLEGE DORD 7127226010 498 FOURTH AVE NE SIOUX CENTER IA 512501606 STEPHANIE BACCAM EXEC DIR FINANCE & RISK MGMT 7127226010 2019-05-01 1 LAWRENCE H MOHR CPA P00447603 6128764500 38.88.188.75 2019-05-01 10:27:24 CD P 8E7B4B2323D592AC89F362C47B54D669E291C402 42991B41A32A13F77B110C5B470B2D73D8292482 2017 2019-02-21 02:37:17Z ERIK HOEKSTRA 498 FOURTH AVE NE SIOUX CENTER IA 512501606 70709516 0 X WWW.DORDT.EDU X 1955 IA AS AN INSTITUTION OF HIGHER EDUCATION COMMITTED TO THE REFORMED CHRISTIAN PERSPECTIVE, DORDT COLLEGE EQUIPS STUDENTS, ALUMNI, AND THE BROADER COMMUNITY TO WORK EFFECTIVELY TOWARD CHRIST-CENTERED RENEWAL IN ALL ASPECTS OF CONTEMPORARY LIFE. 29 28 1482 150 6782 5417 10762022 9676424 50849015 50907113 2403244 5305330 0 118580 64014281 66007447 17550730 18094500 0 0 21553506 21927516 0 0 2586915 18045178 17665051 57149414 57687067 6864867 8320380 144504345 149632965 21750307 19738280 122754038 129894685 AS AN INSTITUTION OF HIGHER EDUCATION COMMITTED TO THE REFORMED CHRISTIAN PERSPECTIVE, DORDT COLLEGE EQUIPS STUDENTS, ALUMNI, AND THE BROADER COMMUNITY TO WORK EFFECTIVELY TOWARD CHRIST-CENTERED RENEWAL IN ALL ASPECTS OF CONTEMPORARY LIFE. 0 0 51094955 18094500 50900331 PROVIDING A LIBERAL ARTS EDUCATION TO OVER 1,500 STUDENTS THAT INCLUDES ALL ASPECTS OF COLLEGE LIFE, I.E. INSTRUCTION, DORMITORY, DINING, BOOKSTORE, LIBRARY, ETC. 51094955 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 149 0 1482 1 1 1 0 0 0 0 0 0 0 0 0 X 29 28 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X STEPHANIE BACCAM 7127226010 498 4TH AVE NE SIOUX CENTER IA 51250 DAVID HANEY CHAIR 5.00 0.00 X 0 0 0 DEB BROEK VICE CHAIR 5.00 0.00 X 0 0 0 BRENT DISSELKOEN SECRETARY 5.00 0.00 X 0 0 0 STEPHANIE BACCAM TREASURER/EXEC DIR FIN & RISK MGMT 45.00 0.00 X X 36878 0 735 BILL BOKHOVEN BOARD MEMBER 5.00 0.00 X 0 0 0 DARYL BOUWKAMP BOARD MEMBER 5.00 0.00 X 0 0 0 REV ALLEN BRUMMEL BOARD MEMBER 5.00 0.00 X 0 0 0 SID COUPERUS BOARD MEMBER THROUGH 9/17 5.00 0.00 X 0 0 0 CHERY DE BOER BOARD MEMBER 5.00 0.00 X 0 0 0 JIM DEN OUDEN BOARD MEMBER 5.00 0.00 X 0 0 0 BRIAN DIJKEMA BOARD MEMBER 5.00 0.00 X 0 0 0 KIM DOOYEMA BOARD MEMBER 5.00 0.00 X 0 0 0 REV GLENN GERDES BOARD MEMBER 5.00 0.00 X 0 0 0 DAN GIBSON BOARD MEMBER 5.00 0.00 X 0 0 0 REV MATTHEW HAAN BOARD MEMBER 5.00 0.00 X 0 0 0 MARLYS HICKOX BOARD MEMBER 5.00 0.00 X 0 0 0 KATE JANSEN BOARD MEMBER 5.00 0.00 X 0 0 0 GREG KUIPER BOARD MEMBER THROUGH 9/17 5.00 0.00 X 0 0 0 JOHN LEDER BOARD MEMBER 5.00 0.00 X 0 0 0 REV JOHN LEE BOARD MEMBER 5.00 0.00 X 0 0 0 RICHARD MOUW BOARD MEMBER 5.00 0.00 X 0 0 0 SALOME NENGEAN BOARD MEMBER 5.00 0.00 X 0 0 0 GERALD REINSMA BOARD MEMBER 5.00 0.00 X 0 0 0 REV DAVID SMIT BOARD MEMBER 5.00 0.00 X 0 0 0 REV MICHAEL TEN HAKEN BOARD MEMBER 5.00 0.00 X 0 0 0 KELLY TIEN BOARD MEMBER 5.00 0.00 X 0 0 0 AMY VANDER HAAG BOARD MEMBER 5.00 0.00 X 0 0 0 JERRY VAN VLIET BOARD MEMBER 5.00 0.00 X 0 0 0 REV JOHN VERMEER BOARD MEMBER 5.00 0.00 X 0 0 0 JANICE VISS BOARD MEMBER THROUGH 9/17 5.00 0.00 X 0 0 0 ERIK HOEKSTRA PRESIDENT 45.00 0.00 X 237632 0 63890 ARLAN NEDERHOFF DIRECTOR OF CAPITAL PROJECTS 45.00 0.00 X 93004 0 27690 HOWARD WILSON VP & CHIEF ADMINISTRATIVE OFFICER 45.00 0.00 X 130733 0 28510 JOHN BAAS VP FOR COLLEGE ADVANCEMENT 45.00 0.00 X 132800 0 39060 ERIC FORSETH CHIEF ACADEMIC OFFICER 45.00 0.00 X 132290 0 31690 NATHAN TINTLE PROFESSOR 45.00 0.00 X 116143 0 33885 TIMOTHY VAN SOELEN DIRECTOR OF CACE/PROFESSOR 45.00 0.00 X 106540 0 32720 986020 0 258180 6 0 1 0 CREATIVE DINING SERVICES 1 ROYAL PARK DR STE 3 ZEELAND MI 49464 DINING SERVICES 2802522 HOOGENDOORN CONTRUCTION 47895 US HWY 18 CANTON SD 57013 CONTRUCTION 1352300 BOUMA & COMPANY 1503 8TH ST SE ORANGE CITY IA 51041 CONTRUCTION 1096200 TESSIERS INC 218 E 1ST AVE MITCHELL SD 57301 CONTRUCTION 426300 HASTINGS & CHIVETTA ARCHITECTS 622 EMERSON RD STE 200 ST LOUIS MO 63141 ARCHITECT 225400 10 1437416 8239008 171212 9676424 TUITION & FEES 611600 39893549 39893549 AUXILIARY SALES AND SERVICES 611600 10182628 10182628 EDUCATIONAL SALES AND SERVICES 611600 717388 717388 STUDENT LOANS AND MISC 611600 106766 106766 PRINTING 323100 6782 6782 50907113 2416272 2416272 6660127 931000 4291272 410797 2368855 520203 2889058 2889058 MISCELLANEOUS REVENUE 900099 112788 112788 INCOME FROM LOAN OPERATIONS 900099 5792 5792 118580 66007447 50900331 6782 5423910 X 17886344 17886344 208156 208156 722598 408977 313621 15966713 13542681 1490493 933539 1334829 1100243 148322 86264 2809208 2315593 312062 181553 1094168 901793 121670 70705 5743 5743 67430 67430 175372 175372 5838106 5371441 174817 291848 240906 158763 56502 25641 384568 309971 7251 67346 7148 4770 2378 1473362 1417080 56282 1512102 1202777 80039 229286 213801 190610 15228 7963 594707 585583 9124 2591064 2591064 445351 387934 57417 SUPPLIES & PRINTING 2726456 2061741 412861 251854 LEASE/RENTAL 600596 487047 109810 3739 MEMBERSHIP DUES 218779 80493 118271 20015 UBI TAXES 1326 1326 568234 290871 176200 101163 57687067 51094955 4005197 2586915 1488969 3026835 5856387 5697548 646580 438834 7986079 7991485 455925 439676 94728 212012 124773060 43128741 80608202 81644319 47082185 49868506 285290 313750 144504345 149632965 5008153 4308475 12300000 11025000 192413 176138 4249741 4228667 21750307 19738280 X 77059701 90893866 31468828 24132885 14225509 14867934 122754038 129894685 144504345 149632965 X 8320380 -1104524 -75209 X X 0 1 X 1 1 1 X 9692922 7740046 11906416 10762022 9676424 49777830 9692922 7740046 11906416 10762022 9676424 49777830 3421266 46356564 1303116 1556825 1552538 2403244 2416272 9231995 23923 16188 25555 20579 5282 91527 118580 118580 59219932 241551023 0.78280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME 0 0 0 0 0 1 317 0 0 0 317 0 PART II-B, LINE 1: A SMALL PORTION OF MEMBERSHIP DUES PAID BY THE COLLEGE IS REPORTED AS LOBBYING. 40990426 1242200 3428385 429071 1098122 0 44133818 35397974 1925348 5116622 446463 840055 163000 40990426 35671466 679844 233720 395430 643502 148124 35397974 34590202 1162191 1123396 311140 737428 155755 35671466 29467807 732365 5185318 287054 363788 144446 34590202 0.35000 0.29600 0.35400 0 0 1627791 1627791 110655828 32420462 78235366 95931 95931 0 9844986 8262583 1582403 2548524 2349765 198759 81644319 US GOVT GRANTS REFUNDABLE 2403982 STUDENT AND OTHER DEPOSITS 1428592 ANNUITIES PAYABLE 499664 BOND DISCOUNT -103571 4228667 X 64677901 -1104524 -49650 -1154174 65832075 175372 175372 66007447 39466845 49650 49650 39417195 175372 18094500 18269872 57687067 PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS FOR STUDENTS AND MONEY FOR GENERAL OPERATIONS OF THE COLLEGE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED BUSINESS ACTIVITIES). THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2018 AND 2017. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -49,650. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 49,650. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 18,094,500. 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 RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE CATALOG AND ON THE COLLEGE'S WEBSITE. ANY SOLICITATION FOR STUDENTS OR EMPLOYMENT INCLUDES THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN FEDERAL FINANCIAL AID PROGRAMS THROUGH THE DEPARTMENT OF EDUCATION. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 20100 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 67366 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 120690 0 0 0 0 0 0 208156 0 208156 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 5 20100 CREDIT ACCOUNT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 6 67366 CREDIT ACCOUNT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 23 120690 CREDIT ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: THE FINANCIAL AID DIRECTOR DETERMINES AND MONITORS THE USE OF GRANT FUNDS IN THE UNITED STATES. PART I, LINE 3: ACCRUAL METHOD 1 SCHOLARSHIPS 1505 17457273 ENDOWED SCHOLARSHIPS 238 429071 PART I, LINE 2: SCHOLARSHIPS ARE APPLIED TO STUDENT ACCOUNTS FOR TUITION AND QUALIFIED EDUCATION EXPENSES AND ARE AWARDED BASED ON THE FUNDING CRITERIA OUTLINED BY FAFSA. SCHOLARSHIPS AND FINANCIAL AID ARE APPLIED TO STUDENT ACCOUNTS FOR TUITION AND QUALIFIED EDUCATION EXPENSES. THE TOTAL AMOUNT OF FINANCIAL ASSISTANCE OFFERED SHALL NOT EXCEED THE TOTAL COST OF ATTENDANCE. X X 1 1 X X 0 0 0 0 0 0 0 0 0 ERIK HOEKSTRA PRESIDENT 237632 0 0 0 0 0 24300 0 39590 0 301522 0 0 0 HOWARD WILSON VP & CHIEF ADMINISTRATIVE OFFICER 130733 0 0 0 0 0 11480 0 17030 0 159243 0 0 0 JOHN BAAS VP FOR COLLEGE ADVANCEMENT 132800 0 0 0 0 0 13700 0 25360 0 171860 0 0 0 ERIC FORSETH CHIEF ACADEMIC OFFICER 132290 0 0 0 0 0 11265 0 20425 0 163980 0 0 0 NATHAN TINTLE PROFESSOR 116143 0 0 0 0 0 10545 0 23340 0 150028 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES LIVING QUARTERS ON CAMPUS FOR THE PRESIDENT WHICH IS ALSO USED FOR ENTERTAINING CURRENT AND PROSPECTIVE DONORS AND STUDENTS AS WELL AS EMPLOYEES. THE COLLEGE PROVIDES HOUSEKEEPING SERVICES FOR THE RESIDENCE. THESE AMOUNTS WERE NOT INCLUDED IN TAXABLE COMPENSATION. A CITY OF SIOUX CENTER 426005218 2009-05-01 7250000 CLASSROOM BUILDING RENOVATION 0 1 0 B SIOUX COUNTY 426005218 2013-09-05 7000000 REFINANCE KUYPER HALL 0 0 0 C CITY OF SIOUX CENTER 426005218 2013-09-05 4100000 REFINANCE KUYPER HALL 0 0 0 A 5150000 7250000 3000000 4250000 2009 0 1 1 1 B 7000000 105000 6895000 2014 1 0 1 1 C 2175000 4100000 61550 4038450 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 43800 MERIT BASED PAY COLLEGE EXPENSES 19000 PARTICIPATION PAY COLLEGE EXPENSES 6300 GEN SCHOLARSHIPS PAY COLLEGE EXPENSES 4300 NEED BASED PAY COLLEGE EXPENSES X 11 171212 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF SEVEN TO TEN VOTING MEMBERS FROM THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE COLLEGE INCLUDING THE OFFICERS OF THE BOARD, THE CHAIRS OF BOARD STANDING COMMITTEES AND FOUR ADDITIONAL BOARD MEMBERS SELECTED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE DUTY TO MAKE RECOMMENDATIONS TO THE BOARD OF TRUSTEES AND DO OTHER ACTS THAT ARE IN THE BEST INTEREST OF THE COLLEGE, INCLUDING MAKING DECISIONS WHICH CANNOT BE PRUDENTLY WITHHELD UNTIL THE NEXT MEETING OF THE BOARD OF TRUSTEES AND OVERSIGHT OF THE EXECUTIVE COMPENSATION PROCESS. CERTAIN ACTIONS ARE RESERVED TO THE FULL BOARD OF TRUSTEES AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED IN APRIL 2018 TO CHANGE THE NUMBER OF AT-LARGE MEMBER TRUSTEES APPOINTED BY THE BOARD FROM OTHER CHURCHES FROM SIX TO EIGHT. FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERS CONSIST OF THE SOCIETY MADE UP OF CONFESSING MEMBERS OF THE CHRISTIAN REFORMED CHURCH INCLUDING 18 REGIONAL CLASSIS GROUPS. FORM 990, PART VI, SECTION A, LINE 7A TWELVE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED BY THE REGIONAL CLASSIS FROM AMONG THEIR MEMBERS INCLUDING THE FOLLOWING: LAKE SUPERIOR, MINNKOTA, NORTH CENTRAL IOWA, HEARTLAND, CENTRAL PLAINS, IAKOTA, CALIFORNIA SOUTH/GREATER LOS ANGELES, CENTRAL CALIFORNIA, COLUMBIA/PACIFIC NORTHWEST, ARIZONA/RED MESA, ROCKY MOUNTAIN/YELLOWSTONE, AND WISCONSIN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO FILING. THE ACCOUNTING FIRM PERFORMING THE FINANCIAL STATEMENT AUDIT ALSO REVIEWS THE FORM 990. THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY COVERS THE BOARD OF TRUSTEES. EACH BOARD TRUSTEE IS REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ANY CONFLICTS OF INTEREST MUST BE DISCLOSED AND THE EXECUTIVE COMMITTEE WILL TAKE APPROPRIATE ACTION IN DEALING WITH ANY CONFLICTS SO DISCLOSED. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE BOARD TRUSTEE WILL WITHDRAW FROM ANY DISCUSSION AND ABSTAIN FROM VOTING ON ANY MATTERS WHERE HIS/HER PERSONAL INTEREST MAY BE INVOLVED. ANY CONFLICT OF INTEREST REPORT IS DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE PRESIDENT IS DETERMINED USING COMPARABILITY DATA AND IS APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. COMPENSATION LEVELS SHOULD BE COMPARABLE TO SIMILAR POSITIONS WITHIN EDUCATIONAL INSTITUTIONS WITH SIMILAR CHARACTERISTICS AS DORDT COLLEGE. THE DECISION IS DOCUMENTED BY THE BOARD CHAIR AND SENT TO HUMAN RESOURCES. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2018. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,818,598. MANAGEMENT AND GENERAL EXPENSES 174,817. FUNDRAISING EXPENSES 291,848. TOTAL EXPENSES 2,285,263. DINING HALL CONTRACT: PROGRAM SERVICE EXPENSES 2,774,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,774,620. OFF CAMPUS PROGRAM FEES: PROGRAM SERVICE EXPENSES 778,223. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 778,223. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -49,650. LOAN CANCELLATIONS AND WRITE OFFS -25,559. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS FOR THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR.