2019-05-15T12:33:13-07:00 2018-06-30 990 2017-07-01 370673513 KNOX COLLEGE KNOX 3093417213 2 E South Street Galesburg IL 614014999 Paul Eisenmenger Treasurer 3093417212 2019-05-15 162.247.132.154 2017 2019-02-21 02:37:17Z TERESA L AMOTT 2 E SOUTH STREET KNOX BOX 142 GALESBURG IL 614014999 224280233 0 X www.knox.edu X 1837 IL Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 37 36 1696 700 76301 0 15890561 15336316 68321705 71258224 8832755 17020147 0 0 93045021 103614687 34791264 37063619 0 0 29672297 29532092 0 0 3488310 20576799 21507272 85040360 88102983 8004661 15511704 215504867 233809465 49530412 47977515 165974455 185831950 Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 0 0 77181945 37063619 84443932 Higher Education: Our mission is carried out through our curriculum, the character of our learning environment, our residential campus culture, and our community. Knox College has a tradition of free inquiry, independent thought, and diverse perspectives. Our students choose their own path toward a degree, guided by scholar teachers who encourage them to explore ideas and places, stretch their intellect and their talents, blend thought with action, and fuse imagination with initiative. Founded in 1837 by social reformers strongly opposed to slavery, Knox was one of the first colleges in the United States open to both women and people of color. It was on our campus that Abraham Lincoln chose to denounce slavery on moral terms for the first time, during the 1858 Lincoln-Douglas Debate. With a campus population that includes students from 48 states and 51 countries, 25% U.S. students of color, and individuals from every imaginable religious and socioeconomic background, members of the Knox community are actively challenged to broaden their points of view. Knox College is a college that changes lives. (1,318 Students) 0 0 0 77181945 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1842 0 1696 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Paul W Eisenmenger 3093417212 2 E South Street Galesburg IL 614014999 ANDERSON THOMAS L TRUSTEE CHAIR FOR CAMPUS LIFE AND ATHLETICS 2 0 X 0 0 0 BAIRD BARBARA TRUSTEE 1 0 X 0 0 0 BASTIAN JOSEPH TRUSTEE CHAIR OF COMMITTEE ON TRUSTEES 2 0 X 0 0 0 BAYER DOUGLAS TRUSTEE 1 0 X 0 0 0 BILLUPS NYERERE SR TRUSTEE 1 0 X 0 0 0 CARLIN NANCY B TRUSTEE 1 0 X 0 0 0 CRAIG CAROL BOVARD TRUSTEE 1 0 X 0 0 0 DAVIS CELINDA TRUSTEE 1 0 X 0 0 0 DEGRAFF DEBORAH S TRUSTEE 1 0 X 0 0 0 ETZ TONY TRUSTEE 1 0 X 0 0 0 FRIDOVICH DAVID P LTG TRUSTEE 1 0 X 0 0 0 GOOSSEN ISABELLE CZARKOWKI TRUSTEE 1 0 X 0 0 0 HARMON DON TRUSTEE 1 0 X 0 0 0 HARTOG ELZELIEN TRUSTEE 1 0 X 0 0 0 KORAN JAN TRUSTEE 1 0 X 0 0 0 LAWLER JOHN T TRUSTEE CHAIR FOR BUDGET SUBCOMMITTEE 2 0 X 0 0 0 LEE KEITH TRUSTEE 1 0 X 0 0 0 LIN HELEN HAICHING TRUSTEE 1 0 X 0 0 0 LONG ROBERT TRUSTEE 1 0 X 0 0 0 LUETGER STEVEN P TRUSTEE CHAIR FOR INVESTMENT SUBCOMMITTEE 2 0 X 0 0 0 LYN PATRICK ST AUBYN TRUSTEE CHAIR FOR COMMITTEE ON FINANCE 2 0 X 0 0 0 MASKUS KEITH TRUSTEE CHAIR OF ACADEMIC AFFAIRS 1 0 X 0 0 0 MSALL LAURENCE TRUSTEE 1 0 X 0 0 0 PAPP DERECK TRUSTEE 1 0 X 0 0 0 PLOMIN SUSAN TRUSTEE 1 0 X 0 0 0 PROCKNOW EUGENE A TRUSTEE CHAIR OF ADMISSIONS AND FINANCIAL AID 2 0 X 0 0 0 ROSENE LAURA TRUSTEE VICE CHAIR OF THE BOARD 2 0 X 0 0 0 SCHULER TINO TRUSTEE 1 0 X 0 0 0 SHARRY JANICE VYN TRUSTEE CHAIR FOR COMMITTEE ON FACILITIES AND INFRASTRUCTURE 2 0 X 0 0 0 SMITH CHARLES F TRUSTEE CHAIR OF BOARD 2 0 X 0 0 0 SPAULDING DAN TRUSTEE 1 0 X 0 0 0 STRAUS JOHN J JR TRUSTEE 1 0 X 0 0 0 VITALE ADAM TRUSTEE 1 0 X 0 0 0 VOVIS GERALD F TRUSTEE 1 0 X 0 0 0 WINNING R KYLE TRUSTEE 1 0 X 0 0 0 ZUCKER SUSAN HAER TRUSTEE CHAIR FOR ADVANCEMENT 2 0 X 0 0 0 AMOTT TERESA L PRESIDENT AND EX OFFICIO TRUSTEE 55 0 X X 311876 0 0 ARCHER KEITH VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES AND CHIEF FINANCIAL OFFICER/TREASURER 40 0 X 180398 0 0 EHRLICH ANNE VICE PRESIDENT FOR STUDENT DEVELOPMENT 40 0 X 140556 0 0 HALL STEVEN VICE PRESIDENT AND CHIEF INFORMATION OFFICER 40 0 X 105199 0 0 HOLMES BEVERLY VICE PRESIDENT FOR ADVANCEMENT 40 0 X 154376 0 0 JONES VICKY S BUDGET COORDINATOR/EXEC ASSISTANT VP FINANCE/LEGAL AFFAIRS/ASSISTANT SECRETARY TO THE COLLEGE 40 0 X 65753 0 0 MAURER BOBBY JO CONTROLLER/ASSISTANT TREASURER 40 0 X 101003 0 0 SCOTT MEGAN VICE PRESIDENT FOR COMMUNICATIONS 40 0 X 83056 0 0 STEENIS PAUL VICE PRESIDENT FOR ENROLLMENT/DEAN OF ADMISSION 40 0 X 146309 0 0 SCHNEIDER MICHAEL INTERIM DEAN OF THE COLLEGE 40 0 X 100546 0 0 WARE PEGGY EXECUTIVE ASSISTANT TO THE PRESIDENT/SECRETARY TO THE COLLEGE 40 0 X 57284 0 0 SCHULZ CHARLES REGISTRAR/PROFESSOR OF PHYSICS 40 0 X 104327 0 0 WILSON MARK J ASSOCIATE VICE PRESIDENT OF MAJOR GIFTS 40 0 X 135258 0 0 BEHLING LAURA PROFESSOR OF ENGLISH 38 0 X 183091 0 0 1869032 0 0 11 0 1 0 BON APPETIT 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING MANAGEMENT 2948520 LAMAIR MURDOCK CONDON COMPANY SUITE 200 4200 UNIVERSITY AVE DESMOINES IA 502665945 INSURANCE 688377 IES SUITE 2300 33 WEST MONROE STREET CHICAGO IL 606035405 STUDENT PROGRAMS 498255 HOLABIRD AND ROOT LLC 140 SOUTH DEARBORN STREET 5TH FLOOR CHICAGO IL 60603 ARCHITECTS AND ENGINEERING 489080 ASSOCIATED COLLEGES OF THE MIDWEST CHRISTOPHER WELNA PRESIDENT SUITE 800 11 EAST ADAMS STREET CHICAGO IL 606036324 OFF CAMPUS PROGRAMS AND MEMBERSHIP 368144 22 0 0 0 0 1515990 13820326 1268177 15336316 TUITION AND FEES 611310 58993473 58993473 0 0 AUXILIARY ENTERPRISES-CATERING 722320 80046 0 80046 0 AUXILIARY ENTERPRISES--PROGRAM 611710 11190838 11190838 0 0 993867 993867 0 0 71258224 3754393 0 -3745 3758138 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133931300 0 120665546 0 13265754 0 13265754 13265754 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 103614687 84443932 76301 3758138 0 0 31498370 31498370 5565249 5565249 0 0 1609691 445714 892104 271873 0 0 0 0 21899293 16447052 3640541 1811700 809293 583739 154519 71035 3666334 2667784 580490 418060 1547481 1116191 295462 135828 681459 681459 0 0 147784 0 147784 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3319685 1862318 1154561 302806 61038 30129 9735 21174 6440315 5496810 549731 393774 105183 -108963 212364 1782 0 0 0 0 1714692 611868 1102824 0 1345390 1172005 62282 111103 0 0 0 0 0 0 0 0 1248568 993263 255305 0 0 0 0 0 3649455 2183376 1466079 0 465931 0 465931 0 AUXILIARY ENTERPRISES--FOOD SVC 2026797 2026797 0 0 ALLOCATIONS--M&R, ADMIN.EXP 300975 3908784 -3556984 -50825 0 0 0 0 88102983 77181945 7432728 3488310 2954581 2831710 2801002 3443742 1621982 2246701 2550625 1503838 0 0 0 0 0 0 135677 176817 1558640 968266 129830844 75221635 54949684 54609209 133456033 149102401 0 0 0 0 15476643 18926781 215504867 233809465 4976429 5506430 0 0 419069 325375 24537555 24552908 0 0 0 0 0 0 0 0 19597359 17592802 49530412 47977515 X 30615305 41872100 38664781 38771516 96694369 105188334 165974455 185831950 215504867 233809465 X 15511704 -444601 0 0 0 4790392 X 0 1 X 1 1 1 X 0 0 X X X X 0 143246261 4898986 19806367 7546000 321955 0 160083659 123722376 7666658 19832005 7747149 227629 0 143246261 127782026 4197693 -1437254 6647903 172186 0 123722376 124428259 6302779 1469988 4421000 -2000 0 127782026 98752347 11130470 18787764 4155000 87322 0 124428259 0.1596 0.6495 0.1909 0 0 0 12276485 12276485 0 92749325 55485659 37263666 0 0 0 0 0 22778883 19735976 3042907 0 2026151 0 2026151 54609209 BENEFICIAL INTEREST IN PERPETUAL TRUST 15275810 STUDENT LOANS RECEIVABLE 3650971 18926781 0 ACCRUED PAYROLL INCLUDING EMPLOYEE BENEFITS 506216 DEPOSITS HELD IN CUSTODY FOR OTHERS 197771 ANNUITIES PAYABLE 845010 POSTRETIREMENT BENEFIT OBLIGATION 1930739 FEDERAL EQUITY IN LOAN PROGRAMS 1965464 INTEREST RATE SWAPS LIABILITY 3748565 CAPITAL LEASE OBLIGATIONS PAYABLE 333390 LINE OF CREDIT FOR CAPITAL PURPOSES 8065647 17592802 X 66106467 -444601 0 0 0 -444601 66551068 0 37063619 37063619 103614687 51039364 0 0 0 0 0 51039364 0 37063619 37063619 88102983 Schedule D, Part III, Line 1 Collections: The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. These contributed collections are not reflected on the financial statements. However, all proceeds from any sales of collections, or items in a collection, must be used to acquire other items for collections. As of June 30, 2018 and 2017, there were no unspent proceeds from sales of collections. Schedule D, Part III, Line 4 The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. Schedule D, Part V, Line 4 The College's endowment consists of several individual funds established for a variety of purposes: scholarships, professorships, library, lectureships, research, prizes, and donor specified educational activities. Included in these funds are both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Schedule D, Part X, Line 2 The College is a not-for-profit entity as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC and similar provisions of the state tax code. The College is not classified as a private foundation. Schedule D, Part XI, Line 4b Student Financial Aid and Scholarships $37,063,619 Schedule D, Part XII, Line 4b Student Financial Aid and Scholarships $37,063,619 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 KNOX COLLEGE'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE COLLEGE CATALOG, WEBSITE, ADMISSIONS MATERIALS, APPLICATIONS, AND OTHER PUBLICATIONS. Schedule E, Part I, Line 6 FOR THE FISCAL YEAR, KNOX COLLEGE RECEIVED AWARDS FROM THE FOLLOWING FEDERAL PROGRAMS: FEDERAL WORK STUDY, FEDERAL DIRECT LOAN PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL PELL GRANT, FEDERAL PERKINS LOAN PROGRAM, STUDENT SUPPORT SERVICES PROGRAM, MCNAIR POST-BACCALAUREATE ACHIEVEMENT; CHAPTER 33 POST 911 GI BILL, NATIONAL SCIENCE FOUNDATION AND NATIONAL ENDOWMENT FOR THE ARTS. 1 Europe (including Iceland and Greenland) 1 1 Program Services Spain-Barcelona: Knox, in cooperation with the University of Barcelona, offers academic study in language, the humanities and the social sciences. Students pursue a combination of courses, all taught in Spanish by professors from the University of Barcelona. Some of the courses are fitted to the particular needs of program students; other courses are from the regular University curriculum offered to Spanish students. All students live in the homes of Spanish families in Barcelona. The program has a two-week trip throughout southern Spain during Winter Break as well as other shorter educational field trips. 420934 1 1 420934 SCHOLARSHIPS Central America and the Caribbean 1 33700 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP East Asia and the Pacific 55 1147143 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP Europe (including Iceland and Greenland) 26 736138 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP Middle East and North Africa 4 114811 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP North America (including Canada and Mexico, but not the United States) 12 388109 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP Russia and the newly independent States 1 33000 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP South America 4 93273 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP South Asia 85 2383898 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP Sub-Saharan Africa 24 635177 CREDIT TO STUDENT ACCOUNT 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Financial Aid and Satisfactory Academic Progress Standards: To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and the maintenance of a grade point average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. 1 INDIVIDUAL GIFT AID (GRANTS AND/OR SCHOLARSHIPS TO STUDENTS) 1181 31152687 0 Schedule I, Part I, Line 2 Financial Aid and Satisfactory Academic Progress Standards: To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and the maintenance of a grade point average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. X X 1 1 X X 0 0 0 0 0 0 0 0 0 AMOTT TERESA L PRESIDENT AND EX OFFICIO TRUSTEE 311876 0 0 0 0 0 35127 0 12000 0 359003 0 0 0 ARCHER KEITH VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES AND CHIEF FINANCIAL OFFICER/TREASURER 180398 0 0 0 0 0 15855 0 0 0 196253 0 0 0 EHRLICH ANNE VICE PRESIDENT FOR STUDENT DEVELOPMENT 140556 0 0 0 0 0 11890 0 0 0 152446 0 0 0 STEENIS PAUL VICE PRESIDENT FOR ENROLLMENT/DEAN OF ADMISSION 146309 0 0 0 0 0 20366 0 0 0 166675 0 0 0 HOLMES BEVERLY VICE PRESIDENT FOR ADVANCEMENT 154376 0 0 0 0 0 13894 0 0 0 168270 0 0 0 Schedule J, Part I, Line 1a Occasionally the President's husband will accompany the President on College fund raising events. The College provides funding for his travel costs. These travel costs are not considered compensation as he is participating in fundraising for the College. Reimbursements for travel cost must follow the College's purchasing and accounts payable policies. These policies include requirements for documentation and receipts. The President is provided housing by the College. The President's house is considered a part of the College's campus and is used for College events and entertaining. The President's housing is considered nontaxable as it is provided for the convenience of the College. Schedule J, Part I, Line 3 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. The Board of Trustees follows the principal and policies outlined in Knox's executive compensation program as approved May 2, 2016. Compensation for executives of the College is determined by evaluation of a variety of factors, including the skills, tenure, experience and performance of the executive; the difficulty of replacing the executive and the importance of the position to the College; and historical compensation levels and internal pay equity issues. All compensation and other financial benefits for Collee employees who are Disqualified Persons are to be approved in advance of payment or agreement for payment by the Executive Committee of the Board of Trustees. X 71 1253177 AVERAGE MARKET HIGH LOW X Baby Grand Pianos 2 24000 FMV 1 0 1 0 Form 990, Part VI, Section B, Line 11b The 990 was reviewed by the Chair of the Audit Subcommittee and the Chair of the Committee on Finance. The 990 is made available to all College Trustees for review before it is filed. Form 990, Part VI, Section B, Line 12c Officer's Conflict of Interest (From Bylaws of Knox College): Any conflict of interest on the part of an officer of the College designated in this article, or members of such officer's immediate family, shall be disclosed by the officer in writing to the Board of Trustees at least annually and made a matter of record. When any such interest becomes relevant to any subject requiring administration or Board of Trustees' action, the officer having a conflict shall call it to the attention of the President and, if the matter is being considered by the Board of Trustees or one of its committees, to the attention of the Board or such committee. The officer shall not participate in the discussion of the subject or make any recommendations regarding the subject in which the officer or a member of the officer's immediate family has a conflict of interest, and shall not use personal influence to affect the decision with respect to such subject. An officer of the College who is excluded from participating in discussions or making recommendations regarding the subject because of such conflict or interest shall, however, briefly state the nature of the conflict and shall be encouraged to answer pertinent questions of the Trustees when the officer's knowledge of the subject will assist the Board of Trustees, any of its committees or the administration. The minutes of any meeting attended by the interested officer at which the subject is discussed shall reflect that a disclosure was made and that the interested officer abstained from the discussion except to the extent provided above. Form 990, Part VI, Section B, Line 14 The College does not have a written document retention and destruction policy. The record retention and destruction policies are developed, as needed, by each department to address their specific type(s) of records. Departments follow industry standards that are appropriate for their specific type(s) of records. In conjunction with record destruction for confidential records, the College contracted with a vendor to provide locked bins for departmental use and the secure destruction of these records. Form 990, Part VI, Section B, Line 15 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. The Board of Trustees reviews the President's salary and approves any changes. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. Form 990, Part VI, Section C, Line 17 The College is not required to file a copy of Form 990 with the State of Illinois or any other state. Form 990, Part VI, Section C, Line 19 The Bylaws of the College are available on the College's website (www.knox.edu). Each fall, conflict of interest forms are distributed to trustees, officers, and department heads. Financial statements are available upon request in the Treasurer's Office. All trustees are provided copies of the financial statements each year. Form 990, Part XI, Line 9 CHANGE IN FAIR VALUE INTEREST RATE SWAPS, POSTRETIREMENT BENEFITS RELATED CHANGES, ADJUSTMENTS OF AMOUNTS DUE UNDER ANNUITY AND LIFE INCOME AGREEMENTS, CONTRIBUTION OF BENEFICIAL INTEREST IN PERPETUAL TRUST, AND CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST